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
576
Talk Your Book: Investing in the Gig Economy
On today's Talk Your Book we speak with David Dziekanski, portfolio manager for the SoFi Gig Economy ETF. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at with any...
30 min
577
An Affordability Crisis (EP.196)
On today's show we discuss rising real estate prices, how the work from home trend could impact housing, working at Goldman Sachs, the income required to be considered rich, benchmarking your retirement savings to your peers and more. Find complete...
55 min
578
Talk Your Book: The Case for Emerging Markets
On today's Talk Your Book we spoke with Nick Niziolek from Calamos Investments about the potential for emerging markets in the coming years.   Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel...
37 min
579
Super Bullish (EP.195)
On this week's show we talk about taking cash out of your house, the coming economic boom, why the Fed isn't printing as much money as you think, Beeple's $69 million NFT, why commodities aren't setting up for a supercycle, and more.   Find...
48 min
580
Talk Your Book: Investing in Freedom
On today's show we speak with Perth Tolle of Life + Liberty Indexes about freedom as an investment factor.  Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at with any...
25 min
581
The Recession is Over (EP.194)
On this week's show we discuss the wreckage in growth stocks, the outperformance of value, what the massive fiscal stimulus plan means for the economy, the inflation worry, the enemy of ARK, comedy sequels and more.   Find complete shownotes on...
47 min
582
Talk Your Book: The Most Ambitious ETFs
On today's Talk Your Book we chat with Simplify Asset Management CEO Paul Kim about creating ETFs that are concentrated, enhance the upside and protect the downside.   Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s ...
32 min
583
Never Bet Against America (EP.193)
On this week's show we discuss the recent rise in interest rates, how much rates really matter to the markets, the latest Buffett shareholder letter, when value stocks turn into momentum stocks, bubble debates and more.   Find complete shownotes...
48 min
584
Talk Your Book: Investing in Moonshots
On today's Talk Your Book, we spoke with Direxion's Dave Mazza about the Direxion Moonshot ETF and how to invest in the most innovative companies.   Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And...
28 min
585
The Beanie Baby Bubble (EP.192)
On today's show we discuss the collectibles boom, similarities and differences to the Beanie Baby boom of the late-1990s, NBA Top Shot, ISAs for pro athletes and more. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like...
47 min
586
Listener Mailbag
On this episode, we cleaned out our inbox to answer questions from listeners about retirement, personal finance, investing, markets, careers, and more.   Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on ...
40 min
587
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
588
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
589
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
590
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
591
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
592
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
593
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
594
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
595
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
596
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
597
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
598
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
599
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
600
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