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Animal Spirits Podcast

Michael's Fitness Pal (EP.82)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.72.1K Ratings

🗓️ 15 May 2019

⏱️ 38 minutes

🧾️ Download transcript

Summary

On this week's show we discuss are the tech companies going to make us all fat and lazy, some good news for once in retirement saving data, the huge growth in tax-deferred accounts, how the S&P 500 has changed over the years, why is growth destroying value, why does Uber lose so much money, is it time to break up Facebook, why is it so hard to beat the S&P 500 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 Why Charts.

0:02.4

Contact them and mentioned Animal Spirits for a 20% off of your new purchase.

0:06.1

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

0:13.7

Batnik and Ben Carlson two guys who study the markets as a passion and

0:17.6

invest for all the right reasons. Michael Batnik and Ben Carlson

0:22.3

work for Ritholt's wealth management.

0:24.2

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

0:28.6

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

0:31.5

This podcast is for informational purposes only and should not be relied

0:34.8

upon for investment decisions. Clients of Ritholz wealth management may maintain positions

0:39.0

in the securities discussed in this podcast.

0:41.0

Welcome to Animal Spirits with Michael and Ben.

0:44.0

So last week we recorded the podcast from Austin, Texas,

0:49.0

and after that recording, we decided to hit the streets of Austin and we use some of those

0:56.2

tech scooters. What do you even call them? Scooters? Ride-share scooters? Well

1:00.1

they're like the electronic scooters that are in some of the bigger cities now.

1:03.6

I think they started in Silicon Valley and moved around a little bit.

1:07.2

And you take out your phone and you scan in the barcode and they cost, I don't know, like two bucks

1:11.2

a ride basically.

1:12.4

Very cheap. I felt like a giant tool

1:14.8

riding it for the first time you know it's funny I'm I'm much more self-conscious I

1:18.4

think in public and have like the sort of social anxiety maybe social why would you get social anxiety on the ride shooting, ride scooter.

...

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