$525k to be Happy (EP.336)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 29 November 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 336 of Animal Spirits, Michael Batnick and Ben Carlson discuss: why people keep spending so much money, long droughts between new highs in the stock market, the best upside AI hedge, intelligence vs. pessimism, denominator blindness with inflation, most Americans are better off, why people are unhappy at work, when it will be a good time to buy a house again, and much more! Thanks to Victory Shares for sponsoring this episode. Learn more about their Free Cash Flow ETF at: https://advisor.vcm.com/products/victoryshares-etfs/victoryshares-etfs-list/victoryshares-free-cash-flow-etf Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits is brought to you by Victory Shares, the Victory Shares Free Cash Flow EDF.
0:05.8	Victory Shares wants to know our value index is measuring the wrong thing.
0:09.6	Finance 101, I learned this in school. The value of a company is a
0:13.4	present value of future free cash flows, correct? Okay, so free cash flow
0:17.8	yield is a key fundamental metric. There's companies ability to generate
0:20.9	cash indicating financial health. we all know this.
0:23.8	Victory shares believes they have a better way to measure both value and quality.
0:27.4	So they think the traditional free cash flow measures, which everyone knows, may be falling short
0:31.2	and they have an improved approach for evaluating free cash flow.
0:35.0	So for example, not just looking at trailing measures, but forward estimates of a company's free cash flow as well?
0:51.0	Right, so they're saying that like past free cash flow you may be like overlooking future growth and that's where they kind of marry the two approaches I think. So they're looking at free cash flow and a growth
0:54.7	filter to remove companies that have weak growth prospects so high quality
0:58.4	companies trading at a discount for growth prospects speaking of that you know
1:02.0	their their largest sector waiting is health care.
1:06.4	And I would certainly say that that fits the bill of things that are out of favor.
1:09.7	Yeah, interesting.
1:10.7	Okay, so see the link in their description for more. Check out the
1:13.8	Victory shares free cash flow E. T.F.
1:17.8	Welcome to Animal Spirits, a show about markets, life, and investing.
1:21.8	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
1:27.0	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Rydholz Wealth Management.
1:33.7	This podcast is for informational purposes only and should not be relied upon for any investment decisions.
	...

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