Ben Carlson

speaker

1,555 appearances 4 recordings 4 series first heard Apr 2026 last heard 11 Jun

Ben Carlson’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 4 in all, peaking in Jun 2026 with 2.

Appearances

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Motley Fool Hidden Gems Investing · Ben Carlson on Why It’s Better to Avoid a Strikeout Than to Swing for a Home run · 19 Apr 2026 podcast

A lot of it is intangible assets, and their margins are really high, and they don't need as many employees as companies did in the past.

And so, Shiller's data goes back to 1871.

Imagine comparing the stocks back then, these conglomerates and these railroad companies,

that had to have massive physical outlay of assets.

And it was hard work and it required a lot of labor and people in spending on that labor.

And you don't need that as much anymore with tech stocks.

So I think the fact that valuations have been trending higher actually makes sense.

And you mentioned the foreign K piece.

I think that's another part of it.

Barriers to entry were so much higher in the past to invest.

Even when I first started out, I was telling someone this story recently.

I wanted to buy a Vanguard index fund my first year out of college, and I couldn't because the minimum was $3,000.

I didn't have $3,000.

Now, there are no commissions.

If you want to buy a stock, it's free at your brokerage.

You can buy fractional shares.

The minimums are effectively eliminated.

You used to have to go down to a brick and mortar place and fill out some paperwork and write a check and wait a few days and then invest, and usually invest it based on whatever that broker told you to invest in.

Now you can, on your smartphone, open an account, hook up your bank account, put some money in, invest within minutes.

And so I think for young people, breaking down those barriers to entry has been great.

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