Rates to the Hilt (EP.322)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

🗓️ 23 August 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 322 of Animal Spirits, Michael Batnick and Ben Carlson discuss: if bonds are more attractive than stocks right now, a lost decade for bonds, Michael Burry's track record, why the economy is so hard to predict right now, why streaming is underrated, the latest Netflix series, and much more! Today's episode is sponsored by our friends at YCharts! Start your free trial and get 20% off your first subscription at: https://go.ycharts.com/animal-spirits-referral. 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 animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com 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. Wealthcast Media, 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 Y-charts.
0:03.0	Y-charts recently published a blog diving into the debate between value versus growth.
0:10.7	They took a look at strategies, insights, and trends dating back to the early 1980s,
0:15.3	both stocks and ETFs, to help you decide which equity class is best for your investment goals.
0:20.2	Whether you are team value or team growth, you'll get details of how you can leverage
0:23.9	Y-charts to create side-by-side reports, build custom score models,
0:27.5	and illustrate risk versus reward with a scatter plot tool to analyze the performance of either exposure.
0:33.3	One of my favorite charts in here, they did, it's going back to 1984,
0:37.3	and they did the Russell 1000 growth versus Russell 1000 value,
0:40.2	and they have the rolling five-year total return charts, which is pretty cool.
0:44.3	The ability to do a rolling chart like this is cool, because you can see when the divergence
0:47.8	does happen, like in 2000, of course, and then in 2005, growth first in value, now back to growth,
0:54.6	but the average return for these, for the average five-year return is almost identical
0:59.5	between growth and value. It's a little over 11% since the mid-80s per year,
1:04.3	and I'm guessing that if you would have done a 50-50 growth value in rebounds,
1:08.8	you probably would have done it better. You know, I like these charts.
1:11.6	It's going to actually do that. I make these by hand.
1:13.9	You see the one on the bottom pane? So you've got the rolling five-year,
1:16.3	and then you've got the difference to really bring it to life.
1:18.3	Yes, you like the spreads. Yes, this is a really cool chart.
1:22.6	Yes, I probably don't use these rolling annualized returns enough on white-
1:26.2	Am I more of a spread guy or a dump guy? You know, I've been to the dump like three days in a row.
	...

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