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Animal Spirits Podcast

Stocks Are Not Bonds (EP.31)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.72.1K Ratings

🗓️ 30 May 2018

⏱️ 43 minutes

🧾️ Download transcript

Summary

The risks involved in concentrated stock positions, why factor investing is so hard, the limitations of historical market data, the myth of the marshmallow test, the downfall of ESPN, Michael's book of the summer 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, the podcast that takes a completely different look at markets and investing,

0:06.4

hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion and invest for all the right reasons.

0:14.6

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

0:18.0

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of

0:23.9

Ritt Holt's wealth management. This podcast is for informational purposes only and

0:27.8

should not be relied upon for investment decisions. Clients of Ritthold's

0:31.0

wealth management may maintain positions in the securities discussed in this podcast.

0:35.9

Welcome to Animal Spirits with Michael and Ben. If you follow us into the 100-year bond

0:40.8

Argentinian short in the past weeks, we're going to take some money off the table and put it into Italian two year bonds

0:46.1

Apparently that's the crisis de jure

0:48.1

Apparently Italian bonds two year bonds plunge the most since the euro came into existence because people were worried it could leave the common currency.

0:55.4

I'm still trying to catch up on the Cyprus crisis from a few years ago, so I'm kind of behind on this one.

0:59.8

Yeah, this is like 2011 all over again.

1:02.4

Which, yeah, I feel like do we have to start learning central bankers' names in Europe again?

1:06.8

I refuse.

1:07.8

Then we forget, the market forgets about in two months?

1:09.8

Okay.

1:10.8

We'll see where this goes.

1:12.4

So a reader shared with us an amazing thread on on Reddit and the title is my dad has

1:18.9

1.8 million dollars worth of GE. What should he do? This is roughly 90% of his stock portfolio I wanted to

1:25.0

diversify a few years back but he's held the stock for years and is quite stubborn he's

1:28.8

67 years old as retired for GE within the next year or so he will then receive a

...

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