Free Oil (EP.140)

Animal Spirits Podcast

The Compound

News, Business News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 22 April 2020

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We discuss fairness in the bailout process, why no one believes in this market, why it's been so difficult to outperform the market during this bear, Munger and Buffett's changing appetite for risk, why epidemiologists would make good investors 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 Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:11.0	Michael Batnik 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.
0:22.4	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.
0:32.0	Welcome to Animal Spirits with Michael and Ben.
0:36.0	Do you think there's a single person that believes that this rally is real in the stock market?
0:41.4	Ram Capital. I mean don't you think... rally is real in the stock market. RAM capital.
0:44.0	I mean, don't you think 80% of investors right now think to themselves like I'm a contrarian because I think stocks still
0:50.0	have more to fall?
0:51.0	Doesn't that seem just like the easy stance to take? I think the
0:53.8	contrarian movies being a bull here like everybody else I just don't see it I
0:57.6	hate to say the market is wrong because that's so arrogant and so unlike how we
1:02.0	viewed the state of the world I just I don't get it I'm really
1:05.8	Struggling with this one. I don't know. There's no one alive that's a contrarian anymore, but don't you think a contrarian is a person that says I don't know and I just have no clue what's going to happen.
1:15.0	No that's consensus.
1:17.0	Maybe I don't know.
	...

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