Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing,

hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion,

and invest for all the right reasons.

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of

Ritt Holt's wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritthold's

wealth management may maintain positions in the securities discussed in this podcast.

Welcome to Animal Spirits with Michael and Ben.

John Authors left the Financial Times after nearly 30 years and on his way out he wrote something about

one of the transformative experiences he had during the crisis of 2008. He spoke about how he went to Citibank and took out money only because he had a big lump sum come

in with the sell of his apartment, not necessarily because he was like making a call on money markets

or anything like that, and he didn't report it because he felt a responsibility not to stroke the you know the

flames of panic so he wrote about this and he spoke about how social media has just changed everything

and what it would have been like if social

media was so prevalent back in 2008 as it is today. So he wrote the rise of

social media has redefined all other media. If the incident in the city

branch were to happen today someone will put a photo of it on Facebook and Twitter.

It might or might not go viral.

But it would be out there without context or explanation.

The journalistic duty I felt to be responsible

...