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Animal Spirits Podcast

Phony Happiness (EP.17)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.72.1K Ratings

🗓️ 21 February 2018

⏱️ 39 minutes

🧾️ Download transcript

Summary

Why our memories play tricks on us in the markets, the pros & cons of private equity, the permanent portfolio, scary market predictions 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

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

0:07.0

I hate the people who talk about it all the time, so I didn't want to be one of those people.

0:11.0

From two guys who study the markets as a passion. Can I count

0:14.2

on you to talk me off the ledge partner? Yes and that's what this podcast is for.

0:18.6

And trade for all the right reasons. That's my due diligence. I'm in. Dude if you're and I'm in. A line of thinking is the

0:24.7

higher the volatility on an asset the higher the volatility on the opinions. So I feel like you

0:29.2

have crazies on both sides. Here's your host of animal spirits, Michael Batnick.

0:34.1

I can say that I was never driven by money.

0:35.9

So you were trading three times the leverage ETS for the love of the game?

0:38.8

Exactly man.

0:40.1

I'm a purist, but anyway.

0:41.9

And Ben Carlson. This is true. I do not drink coffee. I've never been on Facebook. I've never done fantasy football. Oh one last thing. Michael Batnik and Ben Carlson worked for Ritholt's wealth management.

0:53.4

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

0:58.0

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

1:00.8

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

1:05.0

decisions.

1:06.0

Clients of Writholds Wealth Management may maintain positions in the securities discussed

1:09.4

in this podcast.

1:10.8

Now, today's show. Welcome to Animal Spirits with Michael and Ben.

1:16.0

So two or three weeks ago, on that Friday that stocks initially sold off.

1:22.0

The culprit, the main culprit that people were blaming was inflation

1:27.8

because we had the highest wage growth of the current cycle, and then last week we got

...

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