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 PodcastPassive Income (EP.57)
Why monetizing content is so difficult, the myth of passive income, is it even possible to sell out in 2018, the difference between investing & gambling on…
Animal Spirits PodcastHow to Ask the Right Questions (EP.56)
The 40-year history of the 401k, why the retirement system is far from perfect, the problem with cashing out your 401k, the pros & cons of multi-factor funds…
Animal Spirits PodcastHow to Create the Perfect Fund (EP.55)
Universal basic income, the cost of paying every citizen $1,000/month, the perfect hedge fund, the language of money, the reason for the decline in youth…
Animal Spirits PodcastSpirit Animal (EP.54)
A timetable for the next bear market, what impact the mid-term elections have on the markets, how much money FANG CEOs have lost in the downturn, how often…
Animal Spirits PodcastPanic a Little (EP.53)
The one thing we're certain of about the markets going forward, why volatility begets more volatility in the markets, expectations vs. the economy, what to do…
Animal Spirits PodcastThe Next Subprime (EP.52)
The housing market, homebuilder stocks, how much mortgage rates matter to the economy, what if there is no next subprime, how to think about inflation and your…
Animal Spirits PodcastThe Healthy Correction (EP.51)
The current market correction, the myth of the 401k market floor, the problem with 401k loans, the downfall of Sears, the massive size of the student loan…
Animal Spirits PodcastA Committee of Geniuses (EP.50)
The rise of social media in finance, reflections on the humble beginnings of this podcast, the case for investing in bonds, more hedge funds closing, your…
Animal Spirits PodcastBuy the Housing Dip (EP.49)
The new Howard Marks book on cycles, why super-investors may not be as helpful as you think, how the first Vanguard index fund was run by a part-time worker…
Animal Spirits PodcastLooming Disaster (EP.48)
Bond market losses, why stocks diversify bonds, pot stocks & mini bubbles, Amazon's new microwave, the massive decline in world poverty, parallels to the…
Animal Spirits PodcastBorrowing From the Future (EP.47)
Taking financial advice from billionaires, Ray Dalio's work on debt cycles, how to think about government debt levels, why it's so hard to quantify the true…
Animal Spirits PodcastHow the Financial Crisis Affected Millennials (EP.46)
How the financial crisis impacted young people, why the Fed pays attention to the 1970s, AQR's recent struggles, the difference between insurance and…
Animal Spirits PodcastDo We Need a Recession? (EP.45)
The FIRE movement, why you're paying so little for stuff, the private jet college tour, the new technology sector, bounties on new brokers, why celebrities are…
Animal Spirits PodcastWhen Hitler Took Cocaine (EP.44)
What 8 different market indicators are telling us, the growth of the intangible economy, chart crime sell signals, the decline in high schoolers playing…
Animal Spirits PodcastWhy Andy Dufresne Would Make a Good Money Manager (EP.43)
On this week's show we're joined by Morgan Housel. We discuss Elon Musk's surprising announcement, the odds we give Tesla for going private, the bubble…
Animal Spirits PodcastFunding Secured (EP.42)
Elon Musk's bizarre tweets, the types of companies that typically go private, why stock buybacks aren't to blame for the wealth gap, why housing plays such a…
Animal Spirits PodcastDespite All Logic (EP.41)
The unraveling at Movie Pass, why Disney's streaming product will be a success, Fidelity's zero fee index funds, our biggest worry about the future, a…
Animal Spirits PodcastWhat Worked on Wall Street (EP.40)
Facebook's enormous stock price plunge, why life can be more challenging for young people today, the death of trend-following, hedge funds that don't want your…
Animal Spirits PodcastThe Worst 401k Advice (EP.39)
The pie chart heard around the world, why concentrated gains in the stock market are nothing new, becoming a millionaire in your 401k, the worst 401k advice…
Animal Spirits PodcastHalf the Population (EP.38)
The recession signal everyone is talking about, Amazon somehow being touted as a value stock, the paradox of choice in the fund world, houses are getting…
Animal Spirits PodcastRing the Bell (EP.37)
The complexity of the trade war, tech IPOs, the surprisingly strong consumer balance sheet, the housing affordability index, a concerning economic data point…
Animal Spirits PodcastBlackswan Growth (EP.36)
How Bud Light used Dilly, Dilly to get you to buy more beer, some drawbacks of index funds, why hedge fund fees are finally falling, the payday lending…
Animal Spirits PodcastIndividual Alpha (EP.35)
Why household equity allocations are near all-time highs, why Robinhood could be the bank of choice for Millennials, financial planning for inconsistent…
Animal Spirits PodcastThe Mother of All Credit Bubbles (EP.34)
Some suggestions Barron's has for Warren Buffett, the latest Howard Marks letter, the "mother of all credit bubbles", why computer programmers should consider…
Animal Spirits PodcastThe Oracle of Brooklyn (EP.33)
We talk about Big Mistakes in the Wall Street Journal, how retirement investors are wising up, the crazy Gen Z retirement plan, why markets haven't changed…
Animal Spirits PodcastBig MIstakes (EP.32)
Michael's new book (Big Mistakes: The Best Investors and Their Worst Investments), how he came up with the idea for the book, where the value & momentum…
Animal Spirits PodcastStocks Are Not Bonds (EP.31)
The risks involved in concentrated stock positions, why factor investing is so hard, the limitations of historical market data, the myth of the marshmallow…
Animal Spirits PodcastWhat It Takes to Be Wealthy (EP.30)
The brilliance of John Bogle, how much money people in their 30s should have saved, how different age groups define wealth, thinking outside the box for…
Animal Spirits PodcastThe Podcast Boot Camp (EP.29)
Why market bubbles have nothing to do with ETFs, the multi-millionaire secretary's secret, the massive revenue airline credit cards bring in, the mistakes you…
Animal Spirits PodcastTesla Hathaway (EP.28)
On this week's show we discuss WeWork's community-adjusted EBITDA, Elon Musk vs. Warren Buffett & Charlie Munger, size is the enemy of outperformance, why…
Animal Spirits PodcastMicro Bubbles (EP.27)
The most common ages in the US and what it means for the markets, micro bubbles in tech stocks, Amazon's Field of Dreams moment, Peter Lynch's stock picks, how…
Animal Spirits PodcastThe Collaborative Podcast (EP.26)
Morgan Housel joins this week as guest host to discuss venture capital, annoying finance phrases, Disney vs. Netflix, Tesla, Jeff Bezos and much more. Find…
Animal Spirits PodcastSome Things We Learned (EP.25)
Why the next recession won't be like the last one, what could possibly cause market returns to be higher in the future, why states & cities are short on cash…
Animal Spirits PodcastThe False Breakdown (EP.24)
How to solve the financial literacy issue, the downfall of Bill Ackman & David Einhorn, how much money people think they need to retire, Drew Brees…
Animal Spirits PodcastThe Lump Sum (EP.23)
On this week's show we discuss if we would you rather collect $1 million now or $1,000 for the rest of our lives, how the world has changed since 2008, the…
Animal Spirits PodcastHorizontal Support (EP.22)
Why investing is getting harder over time, why share buybacks get a bad rap, why life insurance is on the decline, two centuries of momentum and much more…
Animal Spirits PodcastThe Magic Number (EP.21)
A possible foray into business TV for Amazon, the most well-connected man in hedge funds, how to lie with surveys, your magic retirement number & much more…
Animal Spirits PodcastGoodnight Moon (EP.20)
The flash correction in stocks, why most people need financial advice more than investment advice, our children's book recommendations & more. Find complete…
Animal Spirits PodcastBrothers from Another Mother (EP.19)
How your job should fit into your investing decisions, our thoughts on Jim Cramer, misconceptions about share buybacks and more. Find complete shownotes on our…
Animal Spirits PodcastThe Closet Indexer (EP.18)
Takeaways from the latest Warren Buffett shareholder letter, the potential baby boomer retirement crisis, how millennials should think about retirement and…
Animal Spirits PodcastPhony Happiness (EP.17)
Why our memories play tricks on us in the markets, the pros & cons of private equity, the permanent portfolio, scary market predictions and more. Find complete…
Animal Spirits PodcastThe Meltdown (EP.16)
On this week's show, we discuss our thoughts on the market correction, why there's been nowhere to hide from the losses, the narratives surrounding the…
Animal Spirits PodcastThe Noobwhale (EP.15)
On this week's show we discuss the current market sell-off, the hidden risks in alternative investments, why women make better financial decisions than men and…
Animal Spirits PodcastCash on the Sidelines (EP.14)
On this week's show we debate whether the Fed has really been punishing savers, take a step back and admire the current bull market, talk about the best black…
Animal Spirits PodcastNobody Wants to Listen to Your Podcast (EP.13)
On this week's show, we offer career advice to a young person starting out in finance, discuss our rules for writing effectively, talk about the craziest story…
Animal Spirits PodcastThe Melt-Up (EP.12)
On this week's show, we discuss the prospects for a melt-up in the stock market, look back at the long history of bubbles in stocks, try to figure out the best…
Animal Spirits PodcastHedge Fund Myths & Casual Investing Advice (EP.11)
On today's show, we discuss what to do if you've been sitting in cash during the bull market, go through Ben's latest portfolio changes, do some myth-busting…
Animal Spirits PodcastThe Happiness Smile (EP.10)
On today's show we talk about how the new tax reform will impact your paycheck next year, why happiness declines for most people until they hit their 50s, our…
Animal Spirits PodcastInvest Like the Worst (EP.09)
We discuss some passages from Michael's old trading diary, the reason Millennials should be praying for poor market returns, why you should read more fiction…
Animal Spirits PodcastMay Day (EP.08)
On today's show, we discuss Jack Bogle's dire warnings for pension funds, why women make better investors than men, how financial advisors can give good advice…
Animal Spirits PodcastA Random Walk Down Nowhere (EP.07)
On today's show, we talk about how life changes in 2017 have impacted our perspective on our finances, discuss the role technology will play in the future of…
Animal Spirits PodcastBitcoin, Bubbles & Bananas (EP.06)
On today's show, we speak about the meteoric rise in Bitcoin through the lens of human psychology, discuss how difficult it is to break through as an…
Animal Spirits PodcastWave Pools and Market Inefficiencies (EP.05)
On today's show, we speak about how career risk creates inefficiencies in the market, signs of froth, the Vanguard of alternatives, and ETF price wars. Find…
Animal Spirits PodcastEvidence-Based Investing Conference Post-Mortem (EP.04)
We reflect on a fun day at the Evidence-Based Investing Conference in New York City with some of our favorite talks, anecdotes, statistics, and quotes. Find…
Animal Spirits PodcastThe More You Pay, The Less You Get (EP.03)
We discuss what do in an environment of lower expected future returns, how can investors protect themselves from complacency, what would cause us to sell all…
Animal Spirits PodcastInvesting is a Game of Relative, Not Absolute Skill (EP.02)
We discuss the difference between portfolio managers and portfolio management, Michael’s favorite investment book ever written, how to think about financial…
Animal Spirits PodcastAnimal Spirits Unleashed (EP.01)
Both Ben Carlson and Michael Batnick joke that we probably talk to each other more than we talk to our own wives. Michael lives and works in New York while Ben…