Live from Future Proof 2025 (EP. 429)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 10 September 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 429 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ reflect on Ritholtz Wealth Management’s evolution from a startup to a mature firm, sharing lessons on client fit, the role of content in business development, and the growth mindset that shaped their culture. Learn more about Sprott ETFs , Visit SprottETFs.com or call 1-888-622-1813 for disclosure and prospectus information, containing investment objectives, risks, charges and expenses, which should be read carefully. ALPS Distributors, Inc., is the Distributor for the Sprott ETFs. 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. We are live from Huntington Beach, year four at Future Proof,
0:05.7	and we are excited to do the show in front of the best audience of fans in the world.
0:10.0	Today's show from the beach is brought to you by Sprott ETFs, looking to add some shine to your portfolio.
0:15.0	An investment in the Sprott Silver Miners and Physical Silver ETF SLVR may help you do just that.
0:20.5	Silver is not only a precious metal with value as a currency, but...
0:23.8	That's right, Ben.
0:24.7	It's not just a valuable currency.
0:26.7	It's also a critical material for energy, electronics, health care, automotive technology,
0:31.3	and more.
0:32.4	Visit Sprottetefs.com or call 1-88622-1813 for disclosure and prospectus information containing investment
0:40.3	objectives, risks, charges, and expenses, which should be read carefully.
0:44.3	Alps Distributors, Inc. is the distributor for the Sprott ETFs.
0:47.8	Welcome to Animal Spirits, a show about markets, life, and investing.
0:51.8	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing,
0:56.0	and watching.
0:57.0	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the
1:01.3	opinion of Ridholt's wealth management.
1:03.4	This podcast is for informational purposes only and should not be relied upon for any
1:07.5	investment decisions.
1:09.1	Clients of Ridholt's wealth management may maintain positions in the securities discussed
1:12.8	in this podcast.
1:34.4	Thank you. This is not our music.
	...

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