Recession Not Required (EP.317)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

🗓️ 19 July 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 317 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the stock market vs. the Fed's balance sheet, why expectations matter more than fundamentals in the short-run, the cruel irony of investing, how to hedge hyperinflation, why no one can claim victory on a soft landing, why the U.S. economy is so much bigger than the Eurozone, Dwight Schrute and the human condition, movies are back, and much more! Thanks to Argent Capital Management for sponsoring this episode. To learn more about the Argent Capital Mid Cap Strategy ETF, visit: https://argentcapital.com/our-strategies/institutional-mid-cap/ Pick up your Tropical Bros X Animal Spirits shirt here: https://tropicalbros.com/collections/animal-spirits/products/super-stretch-animal-spirits-hawaiian-shirt 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 experience is brought to you by our Argent Capital Management, Michael.
0:03.2	As a coastal leader, we know that we know that you never give flyer states a credit they deserve, right?
0:07.6	Sir.
0:08.5	Argent Capital Management has an asset class that gets the flyer treatment as well.
0:13.6	And you know it's midcaps, okay?
0:16.4	If you think about it, it kind of makes sense.
0:17.6	Midcaps have more established business models and management teams.
0:20.3	Overlocked. Is that what they're trying to say?
0:22.7	I think it makes sense.
0:23.3	A little less risky than small caps, but they have more growth opportunity than large caps.
0:27.2	I think this makes sense.
0:28.0	My first boss in this industry was a big mid cap proponent.
0:31.2	He said the same thing.
0:32.3	So if you're interested in adding midcaps to your portfolio,
0:34.3	the Argent mid cap ETF ticker AMID, AMID, might be right for you.
0:39.1	This is a strategy that seeks to align quantitative and fundamentals.
0:42.0	And they said they think about it like checks and balances.
0:44.0	Unlike most quantitative funds though,
0:45.6	it's low turnover and more concentrated.
0:47.6	So they're looking for high quality and during businesses,
0:49.5	growing cash flows, wise capital allocation,
0:51.6	and durable competitive advantage.
	...

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