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Animal Spirits Podcast

Despite All Logic (EP.41)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 8 August 2018

⏱️ 32 minutes

🧾️ Download transcript

Summary

The unraveling at Movie Pass, why Disney's streaming product will be a success, Fidelity's zero fee index funds, our biggest worry about the future, a troubling trend in personal bankruptcies, an ETF idea born out of Twitter, the lure of venture capital, credit spreads 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

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.

0:14.6

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 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

0:35.8

Welcome to Animal Spirits with Michael and Ben. We're going to start off the show today talking about

0:41.1

stock that's been in the news lately by the name well the company is

0:44.8

called movie pass but the stock is Helios and Mathison Analytics which

0:49.9

was off the tongue doesn't it yeah that sounds like a biotech company or something.

0:54.0

This is one of those companies that is, if we're in the midst of a bubble, which everyone seems to believe we are,

1:00.0

at least if you follow Twitter as quote unquote everyone.

1:03.0

This is the stock is definitely going to make

1:04.7

one of the stories in the Michael Lewis book.

1:07.0

It can't wait hold on.

1:08.4

Yeah no agree but counterpoint at its high

1:11.0

its market cap is only 330 million dollars.

1:13.2

Okay but this just seems like anecdotally one of those companies that people point to like

1:16.8

pets.com. So the idea here was movie pass and it seems like the kind of idea that got shot down by everyone on the internet

1:25.6

right when it happened but they their idea was 995 a month and you can see as many movies

...

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