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
751
Some 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, the 200-day moving average and much more.
38 min
752
The 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 diversifying into diamonds & Much more.
37 min
753
The 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 single best investment trait to compound capital and much more.
27 min
754
Horizontal 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.
41 min
755
The 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.
36 min
756
Goodnight Moon (EP.20)
The flash correction in stocks, why most people need financial advice more than investment advice, our children's book recommendations & more.
43 min
757
Brothers 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.
37 min
758
The 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 much more.
42 min
759
Phony 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.
39 min
760
The 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 sell-off and more.
32 min
761
The 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 much more.
41 min
762
Cash on the Sidelines (EP.14)
38 min
763
Nobody Wants to Listen to Your Podcast (EP.13)
We offer career advice to a young person starting out in finance, discuss our rules for writing effectively, talk about the craziest story we've read on the crypto craze and more.
27 min
764
The 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 investment you can make in 2018 and more.
26 min
765
Hedge 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 about hedge funds and more.
36 min
766
The 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 favorite books, movies & TV shows of 2017, and more.
32 min
767
Invest Like the Worst (EP.09)
On today's show, 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 and more.
29 min
768
May 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 when their clients ask about Bitcoin and more.
30 min
769
A 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 the labor market, the holy grail of an investment process and more.
29 min
770
Bitcoin, 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 up-and-coming fund manager, and some of the challenges to early retirement. Feel free to shoot us an ema
29 min
771
Wave 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.
29 min
772
Evidence-Based Investing Conference Post-Mortem...
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.
30 min
773
The More You Pay, The Less You Get (EP.03)
26 min
774
Investing is a Game of Relative, Not Absolute S...
We discuss the difference between portfolio managers and portfolio management, Michael’s favorite investment book ever written, how to think about financial television, the amazing run in tech stocks, the future of the asset management business, the psy
26 min
775
Animal 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 lives and works in Michigan so the two are probably on the phone with each other a minimum of 5
28 min