Animal Spirits Podcast

By THE COMPOUND

Business Investing Business News

What's Animal Spirits Podcast about?

Animal spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, listening to and watching. Look for new episodes every Wednesday morning. See our disclosures here - https://ritholtzwealth.com/podcast-youtube-disclosures/

4.8

1,333 ratings

Download our free app to listen on your phone

LAST EPISODE

House Poor (EP.327)

09.27.2023

On today's show we discuss higher for longer, soft landings, why nothing has broken yet in the economy, where the housing bubbles are, why it's harder than ever to outperform the market, gambling vs. day trading, NFTs are worthless and ...

Animal Spirits Podcast episodes:

09.27.2023 House Poor (EP.327) On today's show we discuss higher for longer, soft landings, why nothing has broken yet in the economy, where the housing bubbles are, why it's harder than ever to outperform the market, gambling vs. day trading, NFTs are worthless and ...
09.25.2023 Talk Your Book: Where Leverage Comes From On today's show, we are joined by Ed Egilinsky, Managing Director and Head of Alternatives at Direxion to discuss: How leverage is created within leveraged ETFs, Why leveraged ETFs should not be held long-term, Investing in China, Using ETF flows ...
09.20.2023 Americans Love Borrowing Money (EP.326) On episode 326 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Future Proof, how markets have changed over the past 70 years, why allocations to stocks are higher than they were in the past, small caps vs. large caps, ...
09.18.2023 Talk Your Book: Customizing Alternatives On today's show, we are joined again by Brett Hillard, CIO of GLASfunds to discuss: wealth managers vs. institutions investing in alternatives, how advisors are utilizing GLASfunds, investing in alts in a rising-rate environment, how private investments could be improved, ...
09.13.2023 Is Apple the Next IBM? (EP.325) On episode 325 of Animal Spirits, Michael Batnick and Ben Carlson are live at Future Proof! Duncan spills a Miami Vice and we discuss: what we actually do at RWM, if Apple is the next IBM, Canadian real estate, issues ...
09.11.2023 Talk Your Book: The Macro Case for Crypto On today's show, Michael and Ben are joined by Jack Neureuter, Senior Research Analyst at Fidelity Digital Assets, and Ramine Bigdeliazari, Director of Product at Fidelity Digital Assets to discuss: - What the SEC ruling means for digital assets - ...
09.09.2023 Talk Your Book: Need to Have Cars With Car Dealership Guy On today's show, Michael and Ben are joined again by CarDealershipGuy to discuss: Ben's car leasing dilemma, leasing vs buying, why car prices have gotten so expensive, Tesla vs everyone, and much more! Find complete show notes on our blogs... ...
09.06.2023 The Market Cap of Taylor Swift (EP.324) On episode 324 of Animal Spirits, Michael Batnick and Ben Carlson discuss: one of the best years ever for the Nasdaq 100, people who want to see the financial system burn, getting back on trend with economic data, what if ...
08.30.2023 Are You on Track For Retirement? (EP.323) On episode 323 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the outlook for a 60/40 portfolio, dollar cost averaging into a bear market, the evolution of retirement, the best age for making good financial decisions, the Fed cannot ...
08.28.2023 Talk Your Book: J.P. Morgan's Covered Call Strategies On today's show, Michael and Ben are joined by Hamilton Reiner, MD, PM, and Head of US Equity Derivatives at J.P. Morgan Asset Management to discuss: how JEPI is constructed, how volatility affects yield, why JEPI has been so popular, ...
08.23.2023 Rates to the Hilt (EP.322) On episode 322 of Animal Spirits, Michael Batnick and Ben Carlson discuss: if bonds are more attractive than stocks right now, a lost decade for bonds, Michael Burry's track record, why the economy is so hard to predict right now, ...
08.21.2023 Talk Your Book: Customizing Your Assets On today's show, Michael and Ben are joined by Matt Radgowski, CEO of Halo Investing to discuss: customizing your assets, utilizing structured notes as a hedge, latest innovations in defined outcome products, and much more! Find complete show notes on ...
08.16.2023 How Much is Happiness Worth? (EP.321) On episode 321 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Ben's trip to NYC, stock market vs. bond market valuations, the 4% inflation scenario, why the consumer is so important, record home values (again), the power of home ...
08.14.2023 Talk Your Book: Large Cap Alpha On today's show, Michael and Ben are joined by Francisco Bido, Senior Portfolio Manager for the Integrated Alpha group of F/m Investments to discuss: screening companies, growth vs value investing, investing in Apple, avoiding Tesla, and much more! Find complete ...
08.09.2023 Do Valuations Matter? (EP.320) On episode 320 of Animal Spirits, Michael Batnick and Ben Carlson discuss: bull market corrections, why valuations don't matter all that much, why people were so wrong about the stock market, why we haven't gotten a recession yet, $1 trillion ...
08.07.2023 Talk Your Book: Compounding with Concentrated Portfolios On today's show, Michael and Ben are joined by John Neff, Partner and Portfolio Manager of AKRE Capital Management to discuss: the AI investing craze, the creation of fundamental analysis, compounding returns with Warren Buffett, running a highly concentrated portfolio, ...
08.02.2023 Everything is Up This Year (EP.319) On episode 319 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the biggest behavioral bias in investing, the number of IPOs that survive, rolling the dice on the stock market, why the consumer doesn't care about higher rates, fiscal ...
07.31.2023 Talk Your Book: 100% Downside Protection On today's show, Michael and Ben are joined by Bruce Bond, Founder and CEO of Innovator ETFs to discuss: how 100% downside protection works, what upside you can earn with complete downside protection, who this product makes the most sense ...
07.26.2023 The Wealth Paradox (EP.318) On episode 318 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the 2 types of bear markets, why everyone was wrong but the stock market was right about a recession, speculation vs. interest rates, real estate as an investment, ...
07.24.2023 Talk Your Book: Future Proof Festival On today's show, Michael and Ben are joined by Matt Middleton, CEO and Co-Founder of Advisor Circle to discuss: how Advisor Circle was started, why conferences needed to change, Future Proof 2022 and changes coming for 2023, what value an ...
07.19.2023 Recession Not Required (EP.317) On episode 317 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the stock market vs. the Fed's balance sheet, why expectations matter more than fundamentals in the short-run, the cruel irony of investing, how to hedge hyperinflation, why no ...
07.17.2023 Talk Your Book: The Impact of a Bitcoin ETF On today's show, we are joined again by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss: knock-on affects of a spot Bitcoin ETF, the Grayscale discount, Bitcoin in bear markets vs bull markets, whether inflation is actually good ...
07.12.2023 Is Twitter Dead? (EP.316) On episode 316 of Animal Spirits, Michael Batnick and Ben Carlson discuss: when to get bullish on the long run, how to use sell side stock research, what's wrong with Disney, cruises are underrated, how the pandemic messed up historical ...
07.05.2023 Is the Housing Correction Over? (EP.315) On episode 315 of Animal Spirits, Michael Batnick and Ben Carlson discuss the stock market fighting the Fed, the power of index fund flows, the most trustworthy source of financial advice, an economic miracle in the United States, how to ...
07.03.2023 Talk Your Book: Optimizing Your Credit Card Points On today's show, we are joined by Chris Hutchins, Host of All The Hacks Podcast to discuss: credit card point devaluation, the best cards to optimize spending, where you should book flights, transferring points for better redemptions, the best card ...
06.28.2023 Why Crypto Needs BlackRock (EP.314) On episode 314 of Animal Spirits, Michael Batnick and Ben Carlson discuss why the bond market isn't always the smart money, some more good news on the inflation front, why lifestyle inflation is at all-time highs, talking ourselves out of ...
06.26.2023 Talk Your Book: Advisor Best Practices On today's show, Michael and Ben are joined by Chris Shuba, founder and CEO of Helios to discuss: ETFs vs. direct indexing, why differentiation matters for advisors, utilizing content to drive business, where the wealth management business goes from here, ...
06.21.2023 Why Housing Prices Are So Expensive (EP.313) On episode 313 of Animal Spirits, Michael Batnick and Ben Carlson discuss investor behavior in a bull market, how boomers fell in love with stocks, how the unemployment rate impacts stock market returns, why Americans love spending money so much, ...
06.19.2023 Talk Your Book: Internet Stocks with Income On today's show, Michael and Ben are joined by Jonathan Shelon, COO of KraneShares to discuss internet growth in China, how to get exposure to China, how the KLIP ETF is able to generate high yields, risks involved with covered ...
06.14.2023 Are Stocks Cheap? (EP.312) On today's show Michael and Ben discuss the greatest company in history, why the bear market is over, why this might not be a new bull market, why the economy keeps humming along, what falling inflation means for the markets, ...
06.12.2023 Talk Your Book: The Electrification of America On today's show, Michael and Ben are joined by Timothy Kramer, Founder and CEO of CNIC Funds to discuss investing in electricity, how CNIC Funds work, volatility in the energy market, what a suitable commodity exposure looks like, and much ...
06.07.2023 Is the Bear Market Over? (EP.311) On today's show Michael and Ben discuss the beginning of a new bull market, increased concentration in the stock market, the worst housing market ever for buyers, a worrying trend in demographics, the biggest momentum investors on the planet, Brad ...
06.05.2023 Talk Your Book: Investing in Treasuries During a Debt Crisis On today's show, we spoke with Alex Morris, Founder and CIO of F/m Investments on how Treasury ETFs work, why the 1mo is yielding so much, how government defaults could affect treasuries, and much more! Visit https://www.ustreasuryetf.com/ to learn more. ...
05.31.2023 Something Has to Break (EP.310) On today's show, Michael Batnick and Ben Carlson discuss Ben's guiding philosophy on life and markets, why people buy and sell stocks at the wrong times, NVIDIA's crazy run, why the economy remains so resilient, historic income gains at the ...
05.29.2023 Talk Your Book: Upside and Downside Customization For Your Portfolio On today's show, we are joined by Jason Barsema, Co-Founder and President of Halo Investing to discuss how structured notes are made, counterparty risk during banking crises, customizing structured notes, and much more! Find complete shownotes on our blogs... Ben ...
05.24.2023 Tech Stocks Are Back (EP.309) On today's show, Michael Batnick and Ben Carlson discuss the now-available Animal Spirits x Tropical Bros shirts, a great year for stocks (so far), Japan and Germany making new decade highs, US Government interest payments at all time highs, a ...
05.22.2023 Talk Your Book: Streamlining Alternative Investments On today's show, we are joined by Brett Hillard, CIO of GLASfunds to discuss advisor pain points when investing in alts, the fund manager due diligence process, how interest rates affect the alternatives market, and much more! Find complete shownotes ...
05.20.2023 Living a Rich Life with Ramit Sethi On today's episode of Animals Spirits: Talk Your Book we are joined by Ramit Sethi to talk about his new Netflix Show, How to Get Rich. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael ...
05.17.2023 The Only Game in Town (EP.308) On today's show we discuss debt ceiling drama, the best long-term investment, money market funds, catching a falling knife, 24 hour trading, why workers are happier than ever, the greatest wealth transfer in history, why wealth inequality will get worse, ...
05.15.2023 Talk Your Book: Fidelity Digital Assets Mailbag On today's show, we are joined by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss what drives the price of Bitcoin, where to store Bitcoin, Bitcoin staying out of the headlines, and much more! Find complete shownotes on ...
05.10.2023 Business Optimism Crashes (EP.307) On today's show we discuss regional bank failures, confidence in the Fed, international diversification, the V-shaped recovery in the labor market, vibes vs. data in the economy, the best company in the world, middle age and much more. Thanks to ...
05.03.2023 Bear Market Lessons (EP.306) On today's show, we discuss never shorting junk food, a purgatory market, why spending isn't slowing down, our first mortgage rates, the First Republic takeover, and much more! This episode is sponsored by Simplify. Learn more about Simplify ETFs at: ...
05.01.2023 Talk Your Book: CLOs – The Providers of Leverage On today's show, we are joined by Thomas Majewski, Managing Partner of Eagle Point Credit Management to discuss what a CLO is, differences between a CLO and a CDO, how Eagle Point Credit is able to pay these yields, the ...
04.26.2023 Millennials Will Buy All the Stocks (EP.305) On today's show we discuss what happens to stocks after a bad year, why foreign stocks are outperforming, why any recession should be mild, how millennials will impact stock market valuations, generational homeownership rates and much more. This episode is ...
04.24.2023 Talk Your Book: Diversify Your Diversifiers On today's show, we are joined by Paul Kim, CEO and Co-Founder of Simplify ETFs to discuss how rising yields affect alternative strategies, Simplify's interest rate hedge strategy, utilizing VIX strategies, and much more! Find complete shownotes on our blogs... ...
04.19.2023 The Crockpot Recession (EP.304) On today's show we discuss why the bond market is so confused, why consumers are so confused, why Vanguard continues to dominate, why inflation is finally heading lower, why millennials aren't as broke as you think, why first-time homebuyers are ...
04.17.2023 Talk Your Book: Hidden Pricing Power On today's show, we are joined by Haruki Toyama, Portfolio Manager and Head of Mid-Cap and Large-Cap Equity at Madison Investments to discuss finding wide moats, discovering hidden pricing power, using movie anecdotes to invest, and much more! Find complete ...
04.12.2023 The Year of Disappointment (EP.303) On today's show, we discuss corrections during election years, rich boomers, how great AirBNB is, more issues at Twitter, Successions last season, and much more! Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s ...
04.10.2023 Talk Your Book: Defining the Downside On today's show, we are joined again by Bruce Bond to discuss Innovators latest fixed-income focused barrier ETFs, how rate volatility affects ETF yield, risk-reward in fixed-income, and much more! Find complete shownotes on our blogs... Ben Carlson’s A Wealth ...
04.05.2023 The 3 Levels of Wealth (EP.302) On today's show we discuss why investors are always looking to catch a falling knife, a reversal in the markets since last year, why European stocks are outperforming, how money market funds became the biggest market story of the year, ...

Older episodes