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Animal Spirits Podcast

Funding Secured (EP.42)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 15 August 2018

⏱️ 33 minutes

🧾️ Download transcript

Summary

Elon Musk's bizarre tweets, the types of companies that typically go private, why stock buybacks aren't to blame for the wealth gap, why housing plays such a large role in the finances of the middle class, the prospects for gold going out of style for good, Amazon's private clothing brand, the usefulness of the CAPE ratio as a timing indicator 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,

0:11.4

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

0:39.2

So funding security this continues to get adder by the day. So this morning, Elon Musk released another statement.

0:47.0

I don't even know what to make it at this point, but the funny thing to me is that no matter what happens,

0:52.0

the people who are involved in Tesla become more

0:54.9

entrenched either way so if you're long Tesla you view everything he's doing as

0:59.6

genius and if you're short Tesla you view everything he does as idiotic.

1:03.8

Don't you see both sides?

1:05.0

Oh, of course I do, but it's just funny to me how no matter what happens, they become more entrenched.

1:10.0

And that's why I wouldn't want to touch this thing because there's so much like emotion involved.

1:15.4

And it is kind of hard to believe because I don't know.

1:18.6

It seems like he's making this up as he goes, but like it almost it's almost like he could have he's playing poker and he does the flush and he gets a car

1:26.4

turns over at the end that saves the day for him or something right like if this Saudi deal

1:30.4

comes through well speaking of making it up as he goes I don't know where

1:34.4

he got this but he wrote in the letter my best estimate right now is that

...

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