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Animal Spirits Podcast

Everybody's Trading (EP.125)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.72.1K Ratings

🗓️ 12 February 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

On this week's show, we discuss the rise of TikTok Tesla traders, material signs of wealth, the generational wealth gap, why so much money is going into bond funds, why NYC is the enemy of personal finance, the Coronavirus 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, a show about markets, life, and investing.

0:05.0

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

0:11.0

Michael Batnick and Ben Carlson worked 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 on and the securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.

0:35.0

Somebody sent us a tweet of a kid in college doing a tic-tic video

0:41.0

where she's going through what she's doing, she's taking a video in class. doing a Tic-Tic-Tic-Tic-O-Ticoey,

0:45.0

says, one, open a T-D account, two, download, Think-or-Swim, three day trade.

0:51.0

And it seems like for the first time in the market in the last few years

0:54.9

we're actually getting a taste of euphoria now it's obviously very stock

1:00.2

specific all concentrated in Tesla but But there was another one. This person, Rachel Estovitch, is a

1:06.3

UFC fighter. She wrote, made my first option trade, praying I can really keep this going as a steady

1:12.1

income.

1:12.6

Any tips for me, please let me know.

1:14.1

Now, options trading and steady income are not necessarily synonymous.

1:18.7

I don't think that it's possible these people are really trading because I was told

1:22.4

everyone is

1:22.9

indexing and there's zero price discovery left so I don't think this is

1:25.7

possible you're right let's move on I was at a party over the weekend and was this

1:31.3

going to be cocktail chatter here?

1:33.0

Are you doing...

1:34.0

Cocktail market chatter?

...

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