Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing.

I hate the people who talk about it all the time, so I didn't want to be one of those people.

From two guys who study the markets as a passion. Can I count

on you to talk me off the ledge partner? Yes and that's what this podcast is for.

And trade for all the right reasons. That's my due diligence. I'm in. Dude if you're and I'm in. A line of thinking is the

higher the volatility on an asset the higher the volatility on the opinions. So I feel like you

have crazies on both sides. Here's your host of animal spirits, Michael Batnick.

I can say that I was never driven by money.

So you were trading three times the leverage ETS for the love of the game.

Exactly, man.

I'm a purist, but anyway.

And Ben Carlson. This is true. I do not drink coffee. I've never been on Facebook. I've never done fantasy football. Oh one last thing. Michael Batnik and Ben Carlson worked for Ritholt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and

do not reflect the opinion of Ritholt's wealth management.

This podcast is for informational purposes only and should not be relied upon for investment decisions.

Clients of RITOLT's wealth management may maintain positions in the securities discussed in this

podcast.

Now, today's show. So Bill Gross has been the beneficiary of a 30-year bond bull market leading some people to suggest that

the wind was at his back and he might not be that skilled of a bond manager but he was in an

environment where yields went from 15% down to 2 so he could really do no wrong

but there were a lot of other bond managers managing

managing bonds in the 80s that didn't turn out to be Bill Gross. So what do you

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