Life and Death (EP.400)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 19 February 2025

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 400 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Jon Carlson's story, dealing with grief, why financial planning matters, Jon's life advice, the power of kindness and the mundane, gambler's fallacy on Meta, the mental freedom of index funds, YouTube's reach, Mr. Belding's age, how to save money at Disney and much more. This episode is sponsored by YCharts and Kraneshares. Get 20% off your initial YCharts Professional subscription when you start your free trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits Sign up for Kraneshare's latest webinar at: kraneshares.com/webinars 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	Today's Animal Spirits is brought to you by our friends at Whitecharts.
0:05.9	This is our 400th episode, not including all the talkier books that we've done.
0:12.9	This is the 400th episode.
0:14.4	Ben, you and I started the podcast.
0:15.9	It was November 2017.
0:18.1	And I did a podcast with Josh and Barry. Patrick O'Shaughnessy hosted us in our office.
0:26.3	And afterward, Patrick said, why don't you and Ben have a podcast?
0:30.4	And I think we had like maybe spoken about it, but I was pretty self-conscious at the time
0:34.5	about launching a podcast.
0:35.8	Like, I wasn't comfortable talking to a microphone.
0:37.8	I had never done it before.
0:39.1	And it felt like we were late to the game, which is hilarious.
0:42.0	It felt like there was a million podcasts in the world didn't need another.
0:44.2	And then a week before we officially launched, the New Yorker had a cartoon saying,
0:50.8	I'm thinking of stopping a podcast.
0:53.1	And I was like, oh, no, we're such bozos.
0:55.9	Like, who wants to listen to us? And we're taking a little bit of a trip back down memory
1:00.3	lane because it's 400. It's a big round number. And our sponsor for today,
1:04.4	Y charts, has been with us, maybe not since the beginning, beginning, but they were definitely
1:09.2	our, the first company, first partner to stand up and say, we want to be a part of what you guys are building.
1:15.5	So it's been an incredible partnership for us.
1:18.4	So we just want to thank the entire team at Y charts.
	...

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