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Animal Spirits Podcast

Denominator Blindness (EP.69)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 20 February 2019

⏱️ 39 minutes

🧾️ Download transcript

Summary

Zillow's new home-flipping venture, putting auto loan delinquencies into perspective, rising student loans for people over the age of 60, why the Internet makes it easier to negotiate, how big your nest egg should be at retirement, when errors cancel each other out in the markets, the fuzzy definition of alpha, misperceptions about tax refunds 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

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0:00.0

Today's animal spirits is brought to you by White Charts.

0:03.4

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

0:09.1

hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion and invest for all the right reasons.

0:17.0

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

0:20.0

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.

0:28.0

This podcast is for informational purposes only and should not be relied upon for investment decisions.

0:32.8

Clients of RIT holds wealth management may maintain positions in the securities

0:36.2

discussed in this podcast.

0:37.8

There's an article in Bloomberg Business Week.

0:41.2

Zillow wants to flip your house.

0:43.5

This is really good, definitely worth reading.

0:45.6

I didn't really think of Zillow as an ad company

0:49.3

until I read this.

0:50.5

So they said, Zillow makes money by offering its big audience to real estate agents who pay for the privilege of putting their smiling faces and contact info in front of all of those house hunters.

0:59.0

The company expects 2018 ad revenue to be about 1.3 billion dollars.

1:03.0

So you just went through the home buying process,

1:05.0

or the home selling process, I guess both.

1:06.9

I think this actually kind of makes sense in a lot of ways

1:09.1

where they will just give you in a mountain,

1:11.2

say here it is, take it or leave it minus their cut don't you

1:14.4

think that you probably would have done that if they would have given you a

1:16.7

reasonable offer maybe I mean it says the commissions are higher because what is it

...

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