29 - Chris Mayer on Headline Distractions, Investing for the Long Haul and the “Cicada Portfolio”

Time stamps - A rough guide... (00:50) - Intro (05:13) - Talking with Chris Mayer (08:15) - American hospitality - how the travel industry is rebounding after a dreadful 2020 (09:30) - TSA throughput numbers approach pre-COVID levels again (11:20) - Consumerism rebounds - high end stores see roaring demand (12:10) - Savings rates go vertical - a global phenomenon (12:25) - The Big 3 - Rising Inflation, Rising Interest Rates and Rising Taxes (19:20) - The coffee can portfolio - a rewarding exercise in patience (22:20) - College Funds as Cicada Portfolios (23:50) - Profit per Employee - a new metric for dynamic companies of the digital age (25:00) - Evolution Gaming and viewing profitability in a whole new way (28:00) - Following (and investing in) the Great Digital Migration into the 21st Century (31:00) - Questioning the value (and the price tag!) of traditional college education (33:30) - The rise and rise of Rappi and the food delivery phenomenon (39:00) - Mayer’s Top Ten - Running a tight portfolio and concentrating on winners (40:35) - Traveling light - a metaphor for keeping space tight and standards high (43:20) - Mental exercises for avoiding panic selling and FOMO buying