It's Very Different This Time (EP.188)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 27 January 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show we talk about the wild moves in Gamestop, why this is now a young person's market, why the SEC is probably going to come calling for some YOLO investors, why this is and is not like 1999, how hedge funds got beat by retail traders 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	Today's Animal Spirits is brought to you by Interactive Brokers.
0:03.2	Interactive Brokers charges margin loan rates from 0.75% to 1.59%.
0:09.2	Their clients can also earn extra income by lending their fully paid shares of stock, which we're going to talk about later today.
0:16.0	Join Interactive Brokers clients from 200 plus countries and territories to invest in stocks, options, futures, funds, and bonds globally.
0:24.7	Minimizer costs to maximize your returns.
0:27.0	Rate subject to change, learn more at IBKR.com.
0:30.7	Compare. Welcome to Animal Spirits, a show about markets, life, and investing.
0:37.0	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
0:43.6	Michael Batnick and Ben Carlson work for Rit Holt's
0:46.1	wealth management.
0:47.1	All opinions expressed by Michael and Ben, or any podcast
0:49.9	guests are solely their own opinions
0:51.6	and do not reflect the opinion of Ritt Holt's
0:53.4	wealth management. This podcast is for informational purposes only and should not be
0:57.4	relied upon for investment decisions. Clients of Ritt Holt's wealth
1:00.3	management may maintain positions in the securities discussed in this podcast.
1:04.7	All right, Ben.
1:06.4	It is 2.15 on Monday afternoon.
1:10.9	Game Stop is up and down and up and down again. I can't get any work done. This has been one of the most distracting days in a long, long time.
1:18.0	For everyone on finance Twitter, it has to be.
1:20.0	Yeah, we're going to bury the lead a little bit. We're going to get to that in just a minute, but I think before we do, a good place to start today's show is to look back at some of the work that Verdad Capital did on investing in a bubble.
1:34.0	I'd never seen some of these before.
	...

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