Emergency Podcast: Preparing for a Recession

Animal Spirits Podcast

The Compound

Investing, Business News, Business, News

4.7 • 2.1K Ratings

🗓️ 12 March 2020

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's emergency edition of Animal Spirits, we discuss the severe disruption being caused by the coronavirus, why it's ok to overreact but not panic, how to prepare for a recession and why personal finances are more important than portfolio management at a time like this. 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. This podcast is for informational purposes only. not be relied upon for
0:23.3	for informational purposes only and should not be relied upon for
0:26.4	investment decisions.
0:27.8	Clients of Ritholz wealth management may maintain positions in the securities
0:30.8	discussed in this podcast. Welcome to an emergency edition of Animal Spirits.
0:36.0	We've never done this but felt we had to just get out there and say some stuff.
0:41.0	Last night to me felt like being in the plot of a movie.
0:45.0	Thoughts? Yeah, my sleep was interrupted, like I'm sure a lot of people's worries.
0:50.0	I'm usually sleeping by, I don't know, 1030 by 1145 I picked up my phone looked at the
0:56.0	futures looked at Twitter I stayed up late last night too so let's run through what
1:01.4	happened Tom Hank's one is the biggest one for me Tom Hank's So let's run through what happened.
1:03.0	Tom Hanks one is the biggest one for me.
1:04.5	Tom Hanks and Rita Wilson.
1:06.7	When I read that I thought, ha ha, very funny.
1:08.9	Because the day before someone said the Harry Potter guy,
1:11.4	Daniel Ratcliffe, had contracted a coronavirus.
1:14.0	Tom Hanks actually did contract it in Australia.
1:17.0	Sounds like they're going to be okay as of now.
	...

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