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Animal Spirits Podcast

Shielded Alpha (EP.92)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 17 July 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

On this week's show we discuss the upside to social media, zombie VC companies, podcasting at Wealth/Stack, bubbles and career risk, using credit card reward points, where couples meet these days, the contradictory nature of having skin in the game, influencing and side hustling is hard, why specializing in sports could lead to more injuries 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

Welcome to Animal Spirits, a show about markets, life, and investing.

0:05.0

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

0:11.0

Michael Batnick and Ben Carlson work for Ritholz Wealth Management.

0:15.0

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

0:19.7

and do not reflect the opinion of Ritholz wealth management. This podcast is for informational purposes only. not be relied on and the securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.

0:35.0

Some tragic news this week, the world lost a real one.

0:38.0

Non-related sense, passed away.

0:40.0

I didn't know him, never met him personally,

0:42.0

but he was definitely one of the

0:44.3

Key figures in my stream for I guess as long as I remember yeah, he was a member of finance Twitter and I think he was around our age actually and it's kind of weird because it it makes you realize like that there's it's easy to complain about stuff on social media but then you you realize that there these people that you interact with almost on a daily basis if you're really on this stuff like we are.

1:06.0

And you feel like you kind of get to know these people. It's kind of a bizarre world and like there's a really good aspect of it too where you can kind of feel like you get to know people

1:15.9

through their postings in a good way sometimes. Yeah, so with him there was certainly a good and bad

1:21.1

like everybody else. There were many many times where he would

1:24.4

favorite my tweet and I would sort of just shudder like waiting to be knocked over

1:29.8

the head and I will give him a ton of credit because he was as hard as anybody on various ideas.

1:37.0

He just seemed to think, he seemed to find a lot of problems with a lot of different views, but to his credit, it's very easy to be anonymous and to just

1:44.3

throw shade and throw Molotov cocktails with him though it never felt like it was

1:49.0

personal like and I saw him go back and forth a lot of people and you and I have shared his tweets

1:54.6

privately for years now, but he never ever like called anybody a name.

1:59.3

It was always about the idea.

2:00.5

Right, and data and yeah, that's actually one of the best parts about finance Twitter realm.

2:05.4

I think is there, there are certain things that are problems with it, but there are, there's a lot of good

...

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