A Lightning Fast Correction (EP.241)
Animal Spirits Podcast
The Compound
4.7 • 2.1K Ratings
🗓️ 26 January 2022
⏱️ 53 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Today's animal spirits is brought to you by ground floor, the wealth tech platform that allows everyone to build wealth through real estate. |
| 0:06.5 | We talked to ground floor CEO Brian Daly a couple of times now about how they generate interest through their real estate debt loans. |
| 0:13.6 | And since we had them on the first time, we actually have had them on the second time last week talking about their new app called stairs that's getting a whole lot of us actually a listen to put us onto this. |
| 0:23.2 | You can get 4 to 6% interest and withdraw at any times. I'm doing that and so far so good. |
| 0:29.6 | Check them out at ground floor dot com or download the stairs app at the Apple store or the Android store. |
| 0:36.8 | Is the Android store the store? It's the Android. Yeah, both platforms. Go check it out. |
| 0:40.4 | Welcome to Animal Spirits, a show about markets, life and investing. Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing and watching. |
| 0:51.2 | Michael Batnik and Ben Carlson work for Ritholds 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 Ritholds Wealth Management. |
| 1:03.2 | This podcast is for informational purposes only and should not be relied upon for investment decisions. |
| 1:08.0 | Clients of Ritholds Wealth Management may maintain positions in the securities discussed in this podcast. |
| 1:13.2 | Welcome to Animal Spirits with Michael and Ben. So Michael over the weekend, I was going through some reading material for the correction. |
| 1:20.0 | It was Sunday afternoon, I believe football games are just about to start and I had my laptop on my lap and my wife goes, what are you doing? |
| 1:26.0 | And I said, just catching up on reading and she goes, why do you look so intense and into it? I said, I didn't realize I did. |
| 1:32.8 | And she said, you look different for some reason. I said, wait, what were you doing? |
| 1:37.6 | I really don't know but I think it's because I was so excited about what was going on in the market. It's bizarre but I get excited for market corrections now. |
| 1:46.4 | Maybe it's because we're in the content business and that just means better content but I just get excited to see what's going to happen with people. |
| 1:52.8 | Obviously, the losing money stuff is not very fun and get all that stuff out of the way. |
| 1:57.2 | What can I caveat what you're about to say? The beginning of a correction can be very exciting. |
| 2:02.0 | The longer this goes on, it's going to feel less exciting and more painful. |
| 2:06.0 | But maybe corrections don't last very long. This is happening so ridiculously fast. We're going to get into that. |
| 2:10.8 | But I want to talk about some of the stuff that I love about corrections. |
| 2:12.8 | Would you say this is happening like with 13 seconds left, like that type of speed? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Compound, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Compound and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

