I Want To Be An Advisor, What Do I Do?

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 12 July 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this special episode of Animal Spirits at the Morningstar Investment Conference in Chicago, ⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠ discuss best practices on starting a career in the modern world of finance, their own backgrounds on how they arrived at Ritholtz, how to navigate the current state of the industry, the importance of developing your niche, what jobs will (and won't) survive AI, and more! Sign up for The Compound newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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. 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	Welcome to Animal Spirits, a show about markets, life, and investing.
0:08.9	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:14.1	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Ridholt's wealth management.
0:20.4	This podcast is for informational purposes only and should not be the opinion of Ridholt's wealth management. This podcast is for
0:21.4	informational purposes only and should not be relied upon for any investment decisions.
0:26.2	Clients of Ridholt's wealth management may maintain positions in the securities discussed in this
0:30.3	podcast. Hello. Welcome to Animal Spirits with Michael and Ben.
0:40.7	We are live from the Morningstar Conference on Navy Pier.
0:44.2	It only took us 26 minutes to walk all the way back here.
0:45.3	My lordy.
0:48.0	So we are, how would you describe what we're in?
0:49.1	We're in a booth.
0:51.1	It's like a fishbowl.
0:51.7	A fishbowl.
0:54.4	There's people with headphones looking at us.
0:55.5	I'm just going to look at you.
0:56.5	You have my full attention, okay?
0:56.9	All right.
0:57.4	No distractions. We are very close.
0:58.4	So today's episode is going to be a little bit different than the normal shows.
1:02.3	And it's going to be a little bit self-serving because there is a conversation that I have on repeat.
1:09.4	And the volume ebbs and flows, but it's something like, hey, love your guys' podcast.
	...

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