Animal Spirits Podcast - podcast cover

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/
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Episodes

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Vi...

Feb 28, 201843 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/...

Feb 21, 201839 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices...

Feb 14, 201833 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices...

Feb 07, 201842 min

Cash 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 swan hedges and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ...

Jan 31, 201840 min

Nobody 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 we've read on the crypto craze and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Le...

Jan 17, 201827 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. L...

Jan 10, 201827 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about ...

Jan 03, 201836 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of c...

Dec 27, 201733 min

Invest 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 and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. V...

Dec 20, 201730 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversati...

Dec 13, 201731 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future t...

Dec 06, 201730 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future t...

Nov 29, 201730 min

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. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.f...

Nov 22, 201730 min

Evidence-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 complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.f...

Nov 17, 201731 min

The 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 of our stocks, and whether reading investing books make you a better investor. We also get Ben’s reaction to Jack Bogle quoting him in his new book, The Little Book of Common Sense Investing. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel ...

Nov 17, 201727 min

Investing 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 television, the amazing run in tech stocks, the future of the asset management business, the psychology behind dividend payments and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gma...

Nov 17, 201727 min

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 5-6 times a day. We also hold simultaneous conversations with one another through direct messages Twitter, quick hits on Slack, text messages, email, and occasionally Skype. The majority of the time we talk about different research we're looking ...

Nov 15, 201728 min
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