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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.

episodes

Everything You Need to Know About Retirement (EP.167)

Sep 18, 2020
34 min
On this show we do a deep dive on everything retirement-related including how much you need to save, how much is enough, what happens when you get a late jump on retirement planning and much more. Find complete shownotes on our blogs... Ben...
Sep 18, 2020 • 34 MIN

Upside Down Markets (EP.167)

Sep 16, 2020
44 min
On this week's show we discuss some work from home backlash, parents vs. single people in the office, where inflation comes from, the new fiscal policy regime, why markets are so hard, experts on an earlier version of the world, the two beers and a...
Sep 16, 2020 • 44 MIN

Democracy Has Failed (EP.166)

Sep 9, 2020
41 min
On this week's show we discuss why tech stocks are finally selling off, why the best companies have to crash, stopping a depression in its tracks, the TINA market in bonds, benchmarking endowment funds, investing in timeshares, Airbnb and more....
Sep 9, 2020 • 41 MIN

The Economics of Parenting (EP.165)

Sep 4, 2020
37 min
On this episode we discuss the finances of parenting from what you need to buy, how to prepare yourself financially and emotionally, the cost of daycare, saving for college, teaching your kids about money and more. Find complete shownotes on our...
Sep 4, 2020 • 37 MIN

Asset Price Hyperinflation (EP.164)

Sep 2, 2020
44 min
On this week's show we discuss modern market cap theory, the continued move higher in Tesla shares, the Fed's new inflation mandate, millennials are finally buying houses, Michael is never going into a car dealership again and more. Find complete...
Sep 2, 2020 • 44 MIN

Talk Your Book: Sectors & The Business Cycle

Aug 28, 2020
32 min
On today's Talk Your Book we sat down with State Street's Matt Bartolini to discuss investing in different sectors of the stock market and what these sectors can tell us about where we are in the business cycle.   Find complete shownotes on our...
Aug 28, 2020 • 32 MIN

Trickle Up Economics (EP.163)

Aug 26, 2020
48 min
On this week's show we discuss the potential for a spending boom when the pandemic is over, what happens to all of the government debt we're racking up, what happened to the middle class in America, the red hot housing market, a tough fall ahead...
Aug 26, 2020 • 48 MIN

How to Spend Your Money (EP.162)

Aug 21, 2020
34 min
On this episode, we do a deep dive on budgeting, conscious spending, classflation, the two types of budgets, how to plan for infrequent expenses, how to make your budget obsolete and much more as it pertains to one of the most important topics in...
Aug 21, 2020 • 34 MIN

The Four Most Dangerous Words (EP.161)

Aug 19, 2020
51 min
On this week's show we discuss the speed of bear market recoveries, signs of inflation, the hardest problem in finance right now, which stocks day traders favor, what makes investing so difficult, being right for the wrong reasons, how the real...
Aug 19, 2020 • 51 MIN

Talk Your Book: Understanding Opportunity Zones

Aug 14, 2020
28 min
On this edition of Talk Your Book, we discuss investing in opportunity zones with Edmon Rakipi from Opp Zone Capital.   Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us...
Aug 14, 2020 • 28 MIN

The Smart Money (EP.160)

Aug 12, 2020
46 min
On this week's show we discuss what low bond yields may be telling us, why the stock market is smarter than people give it credit for, the rise of investment newsletters, the bull market in gold, when the world will go back to normal, TikTok and...
Aug 12, 2020 • 46 MIN

The Economics of Homeownership (EP.159)

Aug 7, 2020
38 min
n today's show we talk about one of the most important topics in personal finance, home ownership. Michael and Ben discuss renting versus buying, how to think about starter homes, where your house fits into your retirement plan, and much more....
Aug 7, 2020 • 38 MIN

S&P 5 (EP.158)

Aug 5, 2020
52 min
On this week's show we discuss tech stock monopolies, Microsoft potentially buying TikTok, why more people are buying houses, what to do if your friends are speculating in stocks, Vanguard vs. Robinhood, the counterintuitive nature of this...
Aug 5, 2020 • 52 MIN

Fixed Income Investing in a Low Rate World

Jul 31, 2020
23 min
On this edition of Talk Your Book we discuss the challenges of investing in a bond market will generationally low interest rates with Marvin Loh from State Street.   Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense...
Jul 31, 2020 • 23 MIN

The Golden Age of Fraud (EP.157)

Jul 29, 2020
47 min
On this week's show we discuss why market cycles are happening in record time, parallels to the 1990s, speculative frenzy, anecdotal stock market signals, the red hot real estate market, commercial real estate, how work from home will change in the...
Jul 29, 2020 • 47 MIN

Talk Your Book: Edly ISA's - Invest in Student Achievement

Jul 24, 2020
32 min
On this edition of Talk Your Book, we spoke with Edly co-founders Chris Ricciardi and Chuck Trafton about income service agreements, the student loan crisis and how to invest in the wages of college graduates.   Find complete shownotes on our...
Jul 24, 2020 • 32 MIN

10,000 Day Traders (EP.156)

Jul 22, 2020
43 min
On this week's show we discuss new all-time lows in mortgage rates, why this is no normal recession, hopes and questions for a vaccine, Betterment vs. Robinhood, saving money when you earn a bonus and more.   Find complete shownotes on our blogs......
Jul 22, 2020 • 43 MIN

This is a Bubble (EP.155)

Jul 15, 2020
45 min
On this week's show we discuss the bubble behavior in Tesla, Elon Musk becoming richer than Warren Buffett, Robert De Niro is going broke, simple > complex, the home renovation boom, wealth inequality's impact on gambling, Hulu is better than...
Jul 15, 2020 • 45 MIN

The Future of Education (EP.154)

Jul 8, 2020
49 min
On this weeks show we discuss the two types of investing mistakes, hangovers and sunburns, when markets actually make sense, migration out of big cities, Tesla's unbelievable run, a world with no yield, the joys of indexing, options for college...
Jul 8, 2020 • 49 MIN

Existential Hurricane (EP.153)

Jul 1, 2020
48 min
On this week's show we discuss growing worries about the economy, a double-dip depression, why the Fed may have to backstop the banks, shorting commercial real estate, the dominance of the biggest tech stocks, lower interest rates for a long time,...
Jul 1, 2020 • 48 MIN

Inflation Ahead (EP.152)

Jun 24, 2020
42 min
On this week's show we discuss Jeremy Siegel's inflationary scenario for the market, why it's time to stop complaining about the Fed, why poverty in the US actually improved during this crisis, is this another bubble, the garbage portfolio, why...
Jun 24, 2020 • 42 MIN

Talk Your Book: Advisor Solutions with Helios

Jun 19, 2020
24 min
On today's show we talk with Chris Shuba, founder and CEO of Helios Quantitative Research. Helios partners with financial advisors to create a unique and compelling asset management experience for their clients. Find complete shownotes on our...
Jun 19, 2020 • 24 MIN

The Opposite of a Falling Knife (EP.151)

Jun 17, 2020
40 min
On this week's show we discuss who is driving market prices right now, Robinhood's PR dream, the Hertz bankruptcy story, Dave Portnoy's day-trading escapades, why active managers should be salivating right now, how private equity could turn out...
Jun 17, 2020 • 40 MIN

Talk Your Book: Invest in Private Real Estate With FundRise.

Jun 12, 2020
31 min
On today's show we talk with Ben Miller, co-founder and CEO of FundRise, about how individuals can access the private real estate market. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The...
Jun 12, 2020 • 31 MIN

Stock Market Euphoria (EP.150)

Jun 10, 2020
43 min
On this week's show we discuss the insane move in the stock market from the lows, the surprising unemployment numbers, underestimating the Fed, going from the Great Depression to euphoria in a matter of months, why international stocks are finally...
Jun 10, 2020 • 43 MIN

Talk Your Book: How to Make Better Financial Decisions with Daniel Crosby

Jun 5, 2020
28 min
On this Talk Your Book we chat with Daniel Crosby about behavioral psychology, why we're not wired to manage money, how to improve your financial decisions and how systems and automation can help. Find complete shownotes on our blogs... Ben...
Jun 5, 2020 • 28 MIN

The Unluckiest Generation (EP.149)

Jun 3, 2020
41 min
On this week's show we discuss the saddest week in a long time, post-traumatic growth, 2020 vs. 1968, why working from home is a privilege, inequality in America, the explosion in the airline ETF, Carl Icahn's big losses in Hertz, teaching your...
Jun 3, 2020 • 41 MIN

Valuations Don't Matter (EP.148)

May 27, 2020
51 min
We discuss why Zoom is worth more than the 5 biggest U.S. airlines, how many of the pandemic stocks are here for good, Spotify taking over the podcast game, Amazon possibly buying JC Penney, winners and losers from the WFH trend, the summer bull...
May 27, 2020 • 51 MIN

Talk Your Book: Investing in Corporate Real Estate

May 22, 2020
30 min
On today's show we talk about all things related to corporate real estate in the United States. How has it been affected by COVID-19, what does the future look like, and what does it all mean for investors.   Find complete shownotes on our...
May 22, 2020 • 30 MIN

Is the Stock Market Wrong? (EP.147)

May 20, 2020
31 min
We discuss what a potential vaccine means for stock market, we could see a bubble after this, retail bankruptcies, the food delivery business, why the stock market is so confusing right now, inequality in this crisis, active fund performance during...
May 20, 2020 • 31 MIN