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/

Business
Investing
News
551
Bidding Wars (EP.191)
On today's show, we discuss food delivery as a viable business, SPACs vs IPOs, the new benchmark for tech companies, the red hot real estate market, Bryan Cranston vs Tom Hanks, and more.   Find complete shownotes on our blogs... Ben Carlson’s ...
40 min
552
Talk Your Book: The Madness of crowds
On today's show, the guys talk to Daniel Crosby, PhD, the Chief Behavioral Officer of Orion Advisor Solutions about some of the craziest few weeks in stock market history.    Find complete shownotes on our blogs... Ben Carlson’s Michael...
30 min
553
Money Tree (EP.190)
On this week's episode we discuss Elon Musk becoming the new Warren Buffett, companies putting bitcoin on their balance sheet, the Mount Rushmore of CEOs, NFTs and trading cards, tapping your home equity and more.   Find complete shownotes on our...
51 min
554
Talk Your Book: Commission-Free Insurance
On today's show, the guys talk with David Lau from DPL Financial Partners about how they're improving the insurance sales for advisors and their clients.    Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like...
36 min
555
The Big Squeeze (EP.189)
On this week's show we talk about all things GameStop, Robinhood, short-sellers, when markets become a pop culture phenomenon, why people are so angry with Wall Street and much more.   Find complete shownotes on our blogs... Ben Carlson’s ...
57 min
556
It's Very Different This Time (EP.188)
On today's show we talk about the wild moves in Gamestop, why this is now a young person's market, why the SEC is probably going to come calling for some YOLO investors, why this is and is not like 1999, how hedge funds got beat by retail traders and...
50 min
557
Talk Your Book: Investing in Fixed Income
On today's show, Michael and Ben talk with Gibson Smith of Smith Capital Investors about how the structure of the fixed income market has evolved over time, what happened to bond funds and ETFs in March? The potential problems with plain-vanilla bond...
40 min
558
Micro Bubbles (EP.187)
On today's show we discuss why index funds will never cause a bubble, how day traders are evolving, the best-performing stocks of 2020, penny stock madness and why 2021 could see the economy shoot the lights out.   Find complete shownotes on our...
46 min
559
Tesla is the Next Tesla (EP.186)
On this week's show we discuss the outsized role tech companies play in our democracy, why aggression is highly contagious, why the stock market is creating bubbles, the battle between fiscal and monetary policy, bitcoin whales and much more.  ...
45 min
560
Should I Use a Roth or a Traditional IRA?
On today's show, we talk with Bill Sweet about the different options investors should consider when thinking about what type of vehicle they should use for their retirement money.    Find complete shownotes on our blogs... Ben...
17 min
561
Talk Your Book: 2021 Outlook
On today's Talk Your Book, we speak with Matthew Bartolini about options for diversified investors going forward, how to think about volatility in fixed income investments, cyclical stocks in 2021, the different types of income investments and more....
30 min
562
Inflation Truthers (EP.185)
On this week's show we discuss why inflation isn't being understated, why the economy is so difficult to understand, why growth is outperforming value, the case for higher returns even with valuations so high, why Bitcoin is a religion, how incomes...
40 min
563
The Best of 2020
On today's last show of the year, we look back at the biggest stories from 2020 as well as our favorite books, movies and TV shows.   Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to...
34 min
564
Everyone Knows Everything (EP.184)
On this week's show we discuss the luck of the draw in the economy this year, our new fantasy trading game, pockets of froth in the markets, Tesla speculators, ARK inflows, why Roths are overrated and much more.   Find complete shownotes on our...
38 min
565
Talk Your Book: Momentum Investing With Joe Ter...
On today's show, Michael and Ben talk with Joe Terranova of Investment Partners about the lessons from 2020, and the launch of his new investment ETF.    Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us...
33 min
566
Never Stop Buying Lottery Tickets (EP.183)
On this week's show we discuss the new stimulus bill, why the stock market isn't always this easy, Tesla investors who made a boatload of money, Robinhood lawsuits, the potential for a Roaring 2020s and more.   Find complete shownotes on our...
43 min
567
How to Start Your Financial Life (EP.182)
On today's show we discuss financial topics for young people including how much you should spend on an engagement ring, how to talk about money with your significant other, how much a wedding costs, managing money when you're married, starting to save...
35 min
568
IPO Mania (EP.181)
On this week's show we discuss the Airbnb and DoorDash IPOs, similarities and differences between now and the 1990s dot-com boom, why IPOs rise so much on the first day of trading, YOLO structured notes, why the vaccine is our moon landing and more....
42 min
569
Talk Your Book: ESG Investing
On today's show, Michael and Ben talk with Brie Williams of State Street Global Advisors about the momentum behind ESG investing.    Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to...
28 min
570
How America Invests (EP.180)
On today's show we discuss AT&T vs. Verizon, why we could see the highest CAPE ratio ever, the end of movie theaters, why selling is the hardest part of investing, when we'll get the vaccine, the best movies you haven't seen and much more. Find...
51 min
571
Blog Post: How Ben Invests His Money
Inspired by the new book, How I Invest My Money, Ben shares how he manages his own money.
7 min
572
Book Excerpt: The 20 Rules of Personal Finance
Ben reads a chapter from his new book, Everything You Need to Know About Saving For Retirement.
8 min
573
Talk Your Book: The Structured Marketplace
On today's show we talked with Jason Barsema, co-founder and CEO of Halo Investing, an online marketplace for structured products, annuities, and buffered ETFs. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on ...
37 min
574
Raising the Minimum Wage (EP.179)
On this wee's show we discuss bitcoin vs. gold, billionaires and the minimum wage, there is no perfect number for your savings goals, the downside of FIRE, why credit card debt it falling, the pros and cons of Robinhood on investor habits, Ben's new...
43 min
575
Blog Post: Is Robinhood Good For Investors?
A few weeks ago on a Zoom conference call, Michael was asked "Is Robinhood good for investors?" In this episode, Michael shares how this question caused him to think more deeply about his answer. 
4 min