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Animal Spirits Podcast

It's Hard Being Rich (EP.169)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 23 September 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

On this week's show we discuss a minor correction in the stock market, why the upper middle class has so much debt, why fame and wealth don't always lead to more happiness, how baby boomers are messing up fund flow data, keeping politics out of your portfolio, the next big bull markets and 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

U.S. currency and circulation has risen by close to 15% since January 1st, 2020.

0:06.0

If you're worried about future inflation, you are not alone.

0:08.8

Unlike the U.S. dollar, there is one thing that can print and that is Blue Chip Art.

0:13.2

Meet Masterworks, the first platform for investing a multimillion dollar works by the likes of

0:16.7

Cause, Banksy and Picasso. Blue Chip Art outperformed the S&P 500 by 180% from 2000 to 2018 according to art price.

0:25.7

With bond yields having the floor, people are looking for alternative asset classes.

0:28.9

Now you can access the 1.7 trillion dollar art market today by going to Masterworks.

0:33.1

I.O. and use promo code animal to skip their 12,000 person wait list.

0:38.2

That's Masterworks. I.O promo code animal today.

0:41.8

Welcome to Animal Spirits, a show about markets, life, and investing.

0:47.0

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

0:53.6

Michael Batnick and Ben Carlson work for Ritholz Wealth Management.

0:57.2

All opinions expressed by Michael and Ben or any podcast guests

1:00.3

are solely their own opinions and do not reflect the opinion of Ritt Holt's wealth management.

1:04.6

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

1:09.7

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

1:13.4

podcast.

1:14.4

Welcome to Animal Spirits with Michael and Ben.

1:17.4

As of this morning we're in basically a 10% correction for the S&P 500.

1:21.6

Speak for yourself. Out for the S&P 500? Speak for yourself.

1:23.0

Oh, for the S&P 500, okay.

1:25.0

Don't go put in drawdown to my portfolio.

...

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