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Animal Spirits Podcast

A Random Watch Down Wall Street: The Founder

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.72.1K Ratings

🗓️ 9 March 2020

⏱️ 28 minutes

🧾️ Download transcript

Summary

On this week's business movie re-watch, we discuss The Founder, the Michael Keaton movie from 2016 about Ray Kroc and how he built McDonald's into an empire from humble beginnings. 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/adchoices

Transcript

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0:00.0

Welcome to Animal Spirits, a show about markets, life, and investing.

0:05.0

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

0:11.0

Michael Batnik and Ben Carlson work for Ritholz Wealth Management.

0:15.0

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

0:19.7

and do not reflect the opinion of Ritholz wealth management.

0:22.4

This podcast is for informational purposes only. not be relied and the on today's a random watch down Wall Street.

0:35.0

We watched 2016's The founder

0:39.0

with Michael Keaton based on the true story of

0:45.4

McDonald's, can we call him the founder? Isn't that ironically the name of the movie? So about the guy who helped turn McDonald's

0:52.2

into one of the biggest restaurants in the world,

0:55.4

Ray Krak.

0:57.0

All right, I'm coming out quick of the hot takes here.

1:00.2

Ray Krak is to the 1960s as Mark Zuckerberg is to the 2010s.

1:06.5

Ray Crock is the original Mark Zuckerberg.

1:09.0

Very good.

1:10.0

If you have not seen this movie, it sounds like they kept pretty good to the actual story.

1:14.4

So there were two brothers, the McDonald brothers, who started a small restaurant in San Bernardino, California, and there was no fast food in the 50s or 60s.

1:28.0

How did people survive back then? I guess they didn't have anything else to do most of the time, but I mean people just waited a lot for everything

1:35.3

Come on they had nothing to do I mean they just they talked about how that you'd go to a drive in and they'd have the person bring the food up to your car and

1:42.8

it would take a minimum of 20 minutes.

1:44.3

These McDonald brothers figured out, why don't we try to do things faster?

1:47.7

And we'll get into the categories because I think this was by far my favorite scene. I thought the best scene of the movie.

...

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