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 Holtz 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.

Howard Marks has a new book out called Mastering the Market Cycle and he just recorded a podcast with Barry Riddholz,

which will be out this weekend. But that's not what we're going to be talking about. We're going to be talking about

the podcast that he did with Tim Ferris. And, but there were some things in here that he said that caught your eye.

Well, it was kind of more the entire message.

So I've been reading Marks for a long time.

I thought the most important thing was excellent.

I think it's probably one of the better investing

books I've read and I think his philosophy is great. He's we've talked before how he's

one of the master communicators in the investing field, but let me posit this question to you, and maybe I'm off base here, but is it possible

that people like Marks have actually done more harm than good for the investing community?

Wow, a hot take. A little bit Wow, hot take.

A little bit of a hot take.

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