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 PodcastStockpiling Cash (EP.104)
On this week's show we discuss Airbnb's need to IPO, WeWork's latest PR nightmare, rich people raising cash, why now is one of the hardest investing…
Animal Spirits PodcastMichael's Brain Fart (EP.103)
On this week's show, we discuss how to pass the CFA exam, the range of performance in S&P 500 companies, factor crashes, why quants matter more than index…
Animal Spirits PodcastEconomically Unattractive (EP.102)
On this week's show we discuss the passive bubble talk, private market bubble talk, credit cards, stocks vs the economy, people who own the market, Jeremy…
Animal Spirits PodcastWho Are the Losers? (EP.101)
On this week's show we discuss how flows affect the market, why there is no passive bubble, why small caps are always underfollowed, financial literacy…
Animal Spirits PodcastBest Case Recession (EP.100)
On this week's show we discuss the finances of having kids, the best case scenario for the next recession, is anyone bullish right now, hedging out the end of…
Animal Spirits PodcastRe-Kindled: Amusing Ourselves to Death (EP.99)
On this edition of Re-Kindled, Michael and Ben discuss Amusing Ourselves to Death by Neil Postman. Find complete shownotes on our blogs... Ben Carlson’s A…
Animal Spirits PodcastPaycheck to Paycheck (EP.98)
On this week's show we discuss yield curve inversions, why everyone is always predicting recessions, RV indicators, bonds are expensive, who buys negative rate…
Animal Spirits PodcastTalk Your Book: Invest like a Hedge Fund with Titan
On today’s animal Spirits Talk Your Book, Michael and Ben talk to Clay Gardner of titan invest. Titan is on a mission to democratize hedge fund investing. Go…
Animal Spirits PodcastBusiness in a Box (EP.97)
On this week's show we discuss what to make of negative interest rates, who is buying these bonds with negative rates, the new Apple credit card, the growth in…
Animal Spirits PodcastThe Bankrupt Barber (EP.96)
On this week's show we discuss how stocks have reacted to past Fed rate cuts, why is the stock market falling, why aren't there more unicorn companies in…
Animal Spirits PodcastRe-Kindled: Superforecasting (EP.95)
On this edition of Re-Kindled we discuss Philip Tetlock's masterpiece on prediction, Superforecasting. Find complete shownotes on our blogs... Ben Carlson’s A…
Animal Spirits PodcastRush For the Exits (EP.94)
On this week's show we discuss intellectual shaming, power laws in the stock market, the insane number of stocks that end up losers, why are fewer people…
Animal Spirits PodcastBroke & Overweight (EP.93)
On this week's show we discuss why are fewer people subscribing to Netflix, will we ever really reach peak podcast, how many people own their home outright…
Animal Spirits PodcastShielded Alpha (EP.92)
On this week's show we discuss the upside to social media, zombie VC companies, podcasting at Wealth/Stack, bubbles and career risk, using credit card reward…
Animal Spirits PodcastTalk Your Book: Agricultural Commodities
On this week's Talk Your Book, Michael and Ben sat down with Sal Gilbertie, CEO and founder of Teucrium Trading, an ETF provider of agricultural commodities…
Animal Spirits PodcastThe Next Big Short? (EP.91)
On this week's show we discuss does all the high-frequency trading at the start and end of the day matter, what trends will die off with the baby boomer…
Animal Spirits PodcastTalk Your Book: The Acquirer's Multiple
On this episode of Talk Your Book, we talk with Toby Carlisle, portfolio manager of the new Acquirer's Fund ETF about deep value investing. Find complete…
Animal Spirits PodcastA Single Push-Up (EP.90)
On this week's show we discuss why comedy movies are dying, therapy for social media, lower rates on savings accounts, Amazon as a shipping company, negative…
Animal Spirits PodcastTalk Your Book: Global Factor Investing
On this week's Talk Your Book, Michael & Ben sat down with Vincent De Martel of Invesco to discuss how institutional investors are using factor investment…
Animal Spirits PodcastThe Great Depression of 2073 (EP.89)
On this week's show we discuss why Michael is getting back into trading, Facebook's new cryptocurrency, is it a good thing more professional investors are…
Animal Spirits PodcastThe Four Most Dangerous Words in Podcasting (EP.88)
On this week's show we discuss are there more unicorns now because there's more money in venture capital, why we're bullish on the next gen of retirement…
Animal Spirits PodcastTalk Your Book: Trading with MarketSmith
Michael & Ben sat down with Irusha Peiris to discuss the psychology behind trading, why it's so difficult to become a full-time trader, the types of stocks…
Animal Spirits PodcastDad Cat Bounce (EP.87)
On this week's episode we discuss our chart crime of the year candidate, the staggering amount of student loan debt, managing money for NBA players, paying for…
Animal Spirits PodcastTalk Your Book: The Net Lease REIT ETF
On today's Talk Your Book, Michael & Ben sat down with Chris Burbach & Alexi Panagiotakopoulos to discuss investing in REITs and their new net lease REIT ETF…
Animal Spirits PodcastThe Influencer Bubble (EP.86)
On today's show we talk about the influencer bubble, causes of death, peak smart phone, and the intelligence of the bond market. Find complete shownotes on our…
Animal Spirits PodcastRe-Kindled: Where Are the Customers' Yachts (EP.85)
Re-Kindled is a show where Michael and Ben discuss some of the best finance books ever written. On this episode of Re-Kindled Michael and Ben go through some…
Animal Spirits PodcastThe Podcast Power Law (EP.84)
On this week's show we discuss the unraveling of Tesla, what it takes to be in the top 1% of podcasts, where do people listen to podcasts, what Michael learned…
Animal Spirits PodcastTalk Your Book: Help With Your Down Payment From Unison
On today's Talk Your Book we sat down with Brodie Gay of Unison to discuss the difficulty of coming up with a down payment on a house, why it could make sense…
Animal Spirits PodcastThe Absence of Stuff (EP.83)
On this week's show we discuss why dividends are underrated, the billionaire paying off student loans, Goldman Sachs buying United Capital, the curious case of…
Animal Spirits PodcastTalk Your Book: Jeremy Schwartz of WisdomTree
On today's Talk Your Book we had Jeremy Schwartz of WisdomTree on the show to discuss the firm's dividend strategies, the rise of tax-deferred accounts…
Animal Spirits PodcastMichael's Fitness Pal (EP.82)
On this week's show we discuss are the tech companies going to make us all fat and lazy, some good news for once in retirement saving data, the huge growth in…
Animal Spirits PodcastThe Rorschach Test (EP.81)
On this week's episode we discuss why Berkshire Hathway is the market's Rorschach test, Charlie Munger is still going strong at age 95, how many companies have…
Animal Spirits PodcastRe-Kindled: The Big Short (EP.80)
Re-Kindled is a show where Michael and Ben discuss some of the best finance books ever written. On this episode, they dig into The Big Short by Michael Lewis…
Animal Spirits PodcastRemember Gchat? (EP.79)
On this week's show we discuss Tesla's huge drawdown, why making your stock bets public makes it harder to have an open mind, how our perceptions about…
Animal Spirits PodcastThe Re-Readables (EP.78)
On this week's show we discuss is inflation dead, what should we call our new podcast where we discuss classic finance books. what if the government eliminated…
Animal Spirits PodcastMoney Made By Chance (EP.77)
On this week's show we discuss the guy who bet $85k to win $1.2 million on Tiger winning the Masters, Ray Dalio's plan to save capitalism, are we really worse…
Animal Spirits PodcastMoney Makes Money (EP.76)
On this week's show we discuss the retirement crisis or lack thereof, average savings rates by generation, the biggest expense super savers cut back on, the…
Animal Spirits Podcast(Fixed) The Netflix of Financial Advice (EP.75)
On today's episode we discuss how to pay for college on the cheap, why is financial literacy in the U.S. so low, is there ever going to be a solution for the…
Animal Spirits PodcastFooting the Bill (EP.74)
On this week's show we discuss the yield curve inversion, the Fed vs. the bond market, baby boomers vs. millennials, Kahneman vs. Cialdini, why IPOs are almost…
Animal Spirits PodcastTalk Your Book: Creating a Buffer
On today's talk your book we discuss surviving the upside when trying to hedge, the ideal client for hedging, structured product strategies in an ETF wrapper…
Animal Spirits PodcastThe Expectations Gap (EP.73)
On this week's show we discuss the college admissions bribery scandal, does it matter where you went to college, how the tech companies can help in higher…
Animal Spirits PodcastTalk Your Book: The Low Volatility Anomaly
On this edition of Talk Your Book we discuss the low volatility anomaly with Invesco's Nicolas Kalivas. Topics include why low vol isn't as well known as some…
Animal Spirits PodcastWhere Were You at the Bottom (EP.72)
On today's episode we discuss Bill Gross, the hardest thing to do in the markets, the biggest mistake savers are making, how many workers max out their 401k…
Animal Spirits PodcastI Will Say This (EP.71)
The massive rally in stocks, did the Fed turn millennials into socialists, why real estate prices haven't done as well as you think, why have U.S. stocks…
Animal Spirits PodcastThe Rich Man's Disease (EP.70)
The meaning of work, why so many people are miserable with their career, smartphone addiction, Warren Buffett's latest shareholder letter, the greatest…
Animal Spirits PodcastDenominator Blindness (EP.69)
Zillow's new home-flipping venture, putting auto loan delinquencies into perspective, rising student loans for people over the age of 60, why the Internet…
Animal Spirits PodcastThe Rich Man's IRA (EP.68)
On this week's show we discuss how index funds can differentiate themselves in a crowded field, how to wreck a pension fund, how does Renaissance Technologies…
Animal Spirits PodcastBanning Buybacks (EP.67)
Amazon vs. Apple, banning stock buybacks to decrease inequality, how much pensions and endowments should have in alternatives, what to do with an…
Animal Spirits PodcastAdverse Variance (EP.66)
Cash pouring into money market funds, how markets have changed over the past 200 years, does the US deserve a valuation premium, where are all the young star…
Animal Spirits PodcastStay the Course (EP.65)
The passing of Jack Bogle, interesting stories from his latest book, how to budget your money effectively, the impact of student loans on the housing market…
Animal Spirits PodcastThe Richest 50 Percent (EP.64)
WeWork's rough patch, why Sears was the Amazon of their day, the relationship between mortgage rates and home prices, how the Japanese economy has defied their…
Animal Spirits PodcastRecord Outflows (EP.63)
The record outflows from stock mutual funds, what a bear market means for the wealth management industry, why timing the market is so hard, recessionary…
Animal Spirits PodcastThe Market Swoon (EP.62)
Steve Mnuchin's bizarre statement on the health of the banks, huge swings in the market from day-to-day, the causes of the market downturn, can we really blame…
Animal Spirits PodcastThe Bear Market (EP.61)
the downturn in stocks, is a recession imminent, how often stocks go into a bear market but not a recession, why the Fed is in a no-win position, 2018's worst…
Animal Spirits PodcastTalk Your Book: Breaking the Market Cap
On this week's Talk Your Book we discuss why market cap weighting is so hard to beat when constructing a fund, why cash outperforms the majority of stocks, the…
Animal Spirits PodcastEveryone Should Earn 3 Percent (EP.60)
On this week's show we discuss Robinhood's checking & savings debacle, do Millennials care about financial regulations, where to find higher yields on your…
Animal Spirits PodcastTalk Your Book: International Investing
We discuss US outperformance over foreign stocks, comparing valuations across countries and markets, why it still makes sense to diversify internationally…
Animal Spirits PodcastLate Cycle (EP.59)
Are we in the late cycle, why every correction always feels different, why losses this year are perfectly normal, why a shallow recession and "normal" bear…
Animal Spirits PodcastThe Sellers Are in Control (EP.58)
On this week's how we discuss Michael's CNBC appearances, the FIRE movement, making your savings last for 50+ years, when FIRE goes bad, the average amount…
Animal Spirits PodcastTalk Your Book: Investing in Commodities
We speak with Will Rhind of Graniteshares about the reasons to invest in commodities, expected returns in gold, is bitcoin a commodity, why it's so difficult…