House Poor (EP.327)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 27 September 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show we discuss higher for longer, soft landings, why nothing has broken yet in the economy, where the housing bubbles are, why it's harder than ever to outperform the market, gambling vs. day trading, NFTs are worthless and much more! Today's episode is sponsored by our friends at YCharts! Start your free trial and get 20% off your first subscription at: https://go.ycharts.com/animal-spirits-referral 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 animalspiritspod@gmail.com 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. Wealthcast Media, 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 animal experience is brought to you by our friends at Y-charts.
0:03.0	Y-charts has this cool new feature, if you're watching on YouTube,
0:06.3	you can take a look at the chart.
0:07.2	If not, we have a link for it.
0:09.5	And you can now break out different segments of revenue by product.
0:14.4	So for example, we have one of iPhone revenue by Apple.
0:19.4	And on the top pane, we show the iPhone revenue.
0:22.6	On the bottom pane, we show the market cap of McDonald's, Accenture, Pfizer, Netflix,
0:26.6	Intel, Wells Fargo, and Walt Disney.
0:29.2	And the revenue for the iPhone is bigger than all those companies.
0:33.6	Whole market cap, which is just pretty nuts when you think about it.
0:39.1	The iPhone has more revenue than, I mean, you said it, McDonald's, McDonald's market cap.
0:46.4	It's, it's pretty cool.
0:48.3	So you know the phrase stop and think about it.
0:50.3	I mean, Barry says it a lot.
0:52.3	In this case, I actually would like to pause and think about it.
0:55.3	Are you ready to cover your paper short on Apple?
0:59.7	No, no, okay, you're, you're pressing the gas.
1:02.9	Okay, all right.
1:04.1	If you want to learn more to make charts, I'm, I'm, it's not a, I'm not short.
1:07.2	I'm not outright short on paper.
1:08.8	I'm, I sold paper calls.
	...

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