Shows / Animal Spirits Podcast
Animal Spirits Podcast
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/
Episodes
Animal Spirits PodcastValuations Don't Matter (EP.148)
We discuss why Zoom is worth more than the 5 biggest U.S. airlines, how many of the pandemic stocks are here for good, Spotify taking over the podcast game…
Animal Spirits PodcastTalk Your Book: Investing in Corporate Real Estate
On today's show we talk about all things related to corporate real estate in the United States. How has it been affected by COVID-19, what does the future look…
Animal Spirits PodcastIs the Stock Market Wrong? (EP.147)
We discuss what a potential vaccine means for stock market, we could see a bubble after this, retail bankruptcies, the food delivery business, why the stock…
Animal Spirits PodcastToo Young, Too Dumb and Too Inexperienced (EP.146)
We discuss inequality among corporations, differences in the unemployed by education, the best new restaurant in the country just went out of business, why…
Animal Spirits PodcastFallen Angels (EP.145)
We discuss why stocks aren't doing better in countries with a better virus response, why portfolio managers hate the Fed, how are the airlines going to…
Animal Spirits PodcastWhatever It Takes Squared (EP.144)
On this week's show we discuss Warren Buffett's annual meeting, why Berkshire didn't buy anything, crisis buzzwords, the death of commodities, retailers going…
Animal Spirits PodcastA Noob Whale Picker's Market (EP.143)
We discuss how hard it is to outperform the market, why investors need to be more open-minded, how the crisis will impact millennial home-buying, how the Fed…
Animal Spirits PodcastCapitalism As We Know It (EP.142)
We discuss why credit card payments will be the first thing to go for people with financial problems, why so many people prefer real estate as an investment…
Animal Spirits PodcastPhysical Delivery (EP.141)
We discuss why the stock market isn't falling more, craziness in the oil market, why "normal" portfolios may be performing better during the crisis, the death…
Animal Spirits PodcastFree Oil (EP.140)
We discuss fairness in the bailout process, why no one believes in this market, why it's been so difficult to outperform the market during this bear, Munger…
Animal Spirits PodcastThe Second Wave (EP.139)
We discuss the path to normalcy, why the economy is going to be operating at partial capacity for some time, when people will begin flying again, why people…
Animal Spirits PodcastMountains of Debt (EP.138)
On this week's show we discuss the pandemic's impact on Disney, when people will be willing to go to large events in the future, private equity companies…
Animal Spirits PodcastThe Fed's Bazooka (EP.137)
We discuss the latest unemployment numbers, the massive help coming from the Fed, why markets are so confusing at the moment, a new theory on forward stock…
Animal Spirits PodcastSome Good News (EP.136)
On this week's show we discuss some good news out of NYC, can this ever be over until we have a vaccine, why this is more like a war than a financial crisis…
Animal Spirits PodcastThe Great Unwind (EP.135)
We discuss the enormous effort from the science community to find a vaccine, using history as a guide even when every bear market is different, a wild month in…
Animal Spirits PodcastThe Dead Cat Bounce? (EP.134)
On this week's show we discuss avoiding politics during a crisis, unintended consequences from the shutdown, the spike in national debt, why economics is so…
Animal Spirits PodcastThe Historic Surge in Unemployment (EP.133)
On this new episode we discuss the awful unemployment numbers, the new fiscal stimulus bill, restaurants in trouble, other businesses impacted, what happens if…
Animal Spirits PodcastThe First Thing to Go During a Crisis (EP.132)
On this week's show we discuss hindsight bias when the crisis is over, impressive measures by other countries, turmoil in the bond markets, will we get a new…
Animal Spirits PodcastBailing Out Main Street (EP.131)
On today's episode, we discuss the number of businesses impacted by the coronavirus shutdown, the potential fiscal stimulus plan, why interest rates are…
Animal Spirits PodcastIs this worse than 2008? (EP.130)
On this week's show we discuss working from home, the enormous impact the coronavirus is having on the economy, how people's lives are changing in a hurry…
Animal Spirits PodcastTalk Your Book: Positive and Negative Compounding: Trading Direxion Leveraged ETFs
On today's show we speak with Dave Mazza, head of product at Direxion about trading levered ETFs, and other products they're working on. Find complete…
Animal Spirits PodcastEmergency Podcast: Preparing for a Recession
On today's emergency edition of Animal Spirits, we discuss the severe disruption being caused by the coronavirus, why it's ok to overreact but not panic, how…
Animal Spirits PodcastOil's 1987 Moment (EP.129)
On this week's episode we talk about the carnage in the stock market, the huge drop in oil prices, going from the fear of missing out to the fear of being in…
Animal Spirits PodcastA Random Watch Down Wall Street: The Founder
On this week's business movie re-watch, we discuss The Founder, the Michael Keaton movie from 2016 about Ray Kroc and how he built McDonald's into an empire…
Animal Spirits PodcastThe Emergency Rate Cut (EP.128)
On this week's show we discuss the wild moves in the stock market, the emergency rate cut by the Fed, the chances the coronavirus leads to a recession, the…
Animal Spirits PodcastTalk Your Book: Investing in Commodities
On this week's Talk Your Book Michael and Ben talk all things commodities with Yale's Geert Rouwenhorst and John Love from USCF Investments. Find complete…
Animal Spirits PodcastMichael's Worst Investment Ever (EP.127)
On this week's episode, we discuss the impact of the coronavirus, ramifications of the asset management mergers because of commission-free trading, why the top…
Animal Spirits PodcastWhat Makes People Happier Than Money (EP.126)
On this week's show we discuss the wealth inequality problem, how to get more people invested in financial assets, who gets hit the hardest during the next…
Animal Spirits PodcastA Random Watch Down Wall Street: Margin Call
On this edition of a Random Watch Down Wall Street we re-visited Margin Call, the 2011 fictional movie about the 2008 financial crisis from the perspective of…
Animal Spirits PodcastEverybody's Trading (EP.125)
On this week's show, we discuss the rise of TikTok Tesla traders, material signs of wealth, the generational wealth gap, why so much money is going into bond…
Animal Spirits PodcastTalk Your Book: How To Create Income in Your Portfolio
On today's show, we talk with John Schonberg, portfolio manager of the Covered Bridge Fund. John explains how they derive income in this strategy by selling…
Animal Spirits PodcastDo Economies Need to Go Bust? (EP.124)
On today's show we discuss the amazing run by Tesla's stock, why markets aren't like casinos, Ray Dalio's beef with the WSJ, Zeri Hedge getting banned from…
Animal Spirits PodcastApocalyptic Thinking (EP.123)
On this week's show, we discuss living for today, why millennials own such a small piece of the real estate pie, why investors trade more than they used to…
Animal Spirits PodcastThe Short Squeeze (EP.122)
On this week's show we discuss Tesla's wild ride, fixing the US retirement system, why financial literacy doesn't always work, why the Fed isn't to blame for…
Animal Spirits PodcastThe 10 Best Jobs in America (EP.121)
On this week's episode we discuss Vanguard vs Mark Zuckerberg, do people value work over family, chances of a recession in 2020, Apple AirPods as a business…
Animal Spirits PodcastMillennials on Communism (EP.120)
On this week's episode, we discuss Ben's new book Don't Fall For It: A Short History of Financial Scams, the future of the publishing world, how markets…
Animal Spirits PodcastEverybody's Busy (EP.119)
On this week's show we discuss working nights and weekends, why people are "busy" all the time, why we don't enjoy innovation as much as we should, tech bros…
Animal Spirits PodcastThe Best Decade in Human History (EP.118)
On this week's show we talk about the one year anniversary of the bear market, the Christmas Eve miracle bottom, the new Peter Lynch interview, why it never…
Animal Spirits PodcastA Random Watch Down Wall Street: Trading Places
We re-watched the 1980s finance classic Trading Places with Eddie Murphy, Dan Aykroyd and Jamie Lee Curtis to discuss how markets have changed since then, the…
Animal Spirits PodcastShopping Under the Influence (EP.117)
On this week's show we discuss some of the best charts of the decade from YCharts, the different types of Twitter accounts, when ETFs will surpass mutual…
Animal Spirits PodcastTalk Your Book: The Case for Tactical Equity
On today's show we talk with Corey Hoffstein of Newfound Research about all things tactical, including their new ETF, ROMO. Find complete shownotes on our…
Animal Spirits PodcastMurder of the American Dream (EP.116)
On this week's show we discuss the economy Paul Volcker inherited at the Fed, a decade without a recession, how to raise kind children, the appeal of…
Animal Spirits PodcastA Random Watch Down Wall Street: Boiler Room
On this episode Michael and Ben rewatch the Wall Street classic, Boiler Room to discuss how things have changed in the industry since 2000, early Microsoft…
Animal Spirits PodcastIt's What It Is (EP.115)
On this week's show we discuss the coming generational wealth transfer, some good economic news, The Irishman, too many contrarians, hedge fund money…
Animal Spirits PodcastTalk Your Book: Elimination Alpha – How to XOUT Your Portfolio Losers
On this edition of Talk Your Book we chatted with Will Rhind and David Barse about the new GraniteShares XOUT U.S. Large Cap ETF and thinking about finding…
Animal Spirits PodcastThe Nastiest, Hardest Problem in Finance (EP.114)
On this week's show we discuss scale in the asset management business, Robloncho and Cybertruck reviews, the biggest worries in the real estate market, the…
Animal Spirits PodcastTalk Your Books: Value & Momentum with Jack & Wes
On this edition of Talk Your Book, we spoke with Alpha Architect's Wes Gray and Jack Vogel about value and momentum strategies and how they developed their…
Animal Spirits PodcastWorst Call Ever? (EP.113)
On this week's show we discuss our initial thoughts on Disney+, staying bearish on Netflix since 2002, tech adoption, Google checking accounts, Armageddon…
Animal Spirits PodcastTalk Your Book: Defined Outcome Strategies with Jason Barsema of Halo Investing
On this edition of Talk Your Book we had Jason Barsema from Halo Investing on to discuss the structured products market, how they're trying to make them more…
Animal Spirits PodcastI've Never Used an Emoji (EP.112)
On this week's show we discuss the growth in auto loans, denominator blindness in debt statistics, experts on an earlier version of the world, the…
Animal Spirits PodcastTalk Your Book: Coaching the Yankees
On this Talk Your Book we sat down with Dana Cavalea, former strength & conditioning coach for the New York Yankees to discuss his book Habits of Champion and…
Animal Spirits PodcastTalk Your Book: Greg Zuckerman on Jim Simons & Renaissance Technologies
On today's Talk Your Book we talked with Greg Zuckerman about his new book The Man Who Solved the Market. We covered how Jim Simons built the greatest track…
Animal Spirits PodcastThe World's Worst Investor (EP.111)
On this week's show we discuss the food delivery recession, demographic wars, why people are staying in their homes longer, why teens love TikTok, how Deadspin…
Animal Spirits PodcastCEO Departures (EP.110)
On this week's show we discuss company performance after a CEO leaves, never-ending finance arguments, what would happen if we banned buybacks, Elizabeth…
Animal Spirits PodcastTalk Your Book: Crossing Wall Street with Eddy Elfenbein
On this edition of Talk Your Book we chatted with Eddy Elfenbein about his ETF, the buy list, passively investing in active stock picking, why it's so…
Animal Spirits PodcastThe Least Happy Age (EP.109)
On this week's show we discuss the never-ending death of the 60/40 portfolio, why it feels logical and irrational to invest overseas right now, why rich people…
Animal Spirits PodcastThe Undies Indicator (EP.108)
On this week's episode we discuss the streaming wars, recession-proof businesses, the China-NBA clash, the power of Twitter, underwear economic indicators…
Animal Spirits PodcastRe-Kindled: Malcolm Gladwell (EP.107)
On this edition of Re-Kindled, Michael and Ben discuss Tipping Point, Blink, Talking to Strangers, pop psychology, and Malcolm Gladwell backlash. Find complete…
Animal Spirits PodcastWinners of the Financial Crisis (EP.106)
On this week's show we discuss how private equity came out so well from the financial crisis, what's changed in the private tech markets, algos controlling…
Animal Spirits PodcastFree Trading (EP.105)
On this week's episode we discuss momentum crashes, free trading for all, public vs. private markets, IPO performance, Goldman's foray into banking for the…