Enjoy the Bull Market While it Lasts (EP.355)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 10 April 2024

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 355 of Animal Spirits, Michael Batnick and Ben Carlson discuss: how we prioritize our spending, 1987 vs. the Covid Crash, crazy index fund flows, stock market concentration, panic about government debt, the tech recession in California, will millennials move to Florida in retirement, the most streamed shows, and much more! This episode is brought to you by Pacer ETFs and Fabric by Gerber Life. To learn more about the COWG and CAFG ETFs, visit: https://www.paceretfs.com/ Join the thousands of parents who trust Fabric to protect their family. Apply today in just minutes at https://meetfabric.com/spirits. Sign up for The Compound newsletter and never miss out: https://www.thecompoundnews.com/subscribe Buy tickets to TCAF LA at! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's
0:02.0	Ben, remember back in the day when Amazon was fundamentally
0:06.0	ludicrously expensive based on every traditional valuation metric?
0:11.0	Yeah, that's why you shorted it.
0:12.0	That's true, actually. That's true actually that is true. What I you know what I did wrong. I wasn't looking at the free cash flow. It wasn't about the bottom line because they were deliberately
0:24.9	plowing money back into the business. They were growing their free cash flow.
0:27.8	So the Pac-Cow series, which has grown to over 35 billion billion in AUM, uses free cash flow yield, which is basically,
0:36.2	not basically, it's free cash divided by sales.
0:39.0	So they use that screen to identify top growth companies.
0:41.5	And if I did that, not only would I not have been
0:43.6	short Amazon I might have actually bought it two featured funds include cow g
0:48.0	that is the PACER US large cap cash cows growth leaders E EDF, as well as CAFG. Oh, CAFG, I like that.
0:56.6	Get it, CAF for small cows, that small caps, that's CAFG.
1:01.6	To learn more, visit PACer Ets.com.
1:05.0	Today's Animal Spirits is brought to you by Fabric.
1:08.0	Fabric by Gerber Life was designed by parents for parents to help you get high quality,
1:12.0	surprisingly affordable term life insurance policy
1:14.2	in less than 10 minutes.
1:15.0	That means no whole life insurance policy sold to you
1:17.4	by 23 year old Michael Batneck.
1:20.4	Is that how old you were, is were? I was probably pushing 24.
1:25.0	Okay, you could go from start to cover in less than 10 minutes and no health exam required,
	...

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