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Animal Spirits Podcast

Borrowing From the Future (EP.47)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 19 September 2018

⏱️ 37 minutes

🧾️ Download transcript

Summary

Taking financial advice from billionaires, Ray Dalio's work on debt cycles, how to think about government debt levels, why it's so hard to quantify the true amount in index funds, millennial banking habits, shrinking hedge funds, investing in foreign markets during a U.S. recession and much more. 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

Click on a timestamp to play from that location

0:00.0

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

0:06.4

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

0:11.5

and invest for all the right reasons.

0:14.4

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

0:18.0

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

0:22.4

and do not reflect the opinion of

0:23.9

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

0:27.8

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

0:31.0

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

0:36.0

Welcome to Animal Spirits with Michael and Ben. There is an article I think from last week in Barons and the title is Ray Dalio says the next financial crisis

0:45.4

could be even worse than the last one and I read the post and maybe I missed it I

0:51.7

was perhaps reading too quickly,

0:53.0

but I didn't see anything in there

0:54.9

that reflected what the title suggested.

0:57.0

Did you read this piece?

0:58.0

I'm not gonna lie, I skimmed it,

0:59.6

but that's because I was so busy also skimming Dallio's new book, which I took him for the team here.

1:05.5

It's called a template for understanding big debt crises, and so that's why he was doing out in the news.

1:11.1

And by the way, isn't it kind of funny that even like one of the most well-known

1:15.0

Hedge Fund managers in the world has to go through this PR stuff and PIMP his book out there.

1:18.8

Wow you are really firing shots this is unlike you. Oh that was was a shot. No, I was just saying.

1:24.0

It's kind of funny, you'd think people would just kind of come to it and find it because of his name.

...

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