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Animal Spirits Podcast

Talk Your Book: Betting on Duration

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 6 November 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

On today's show, Michael and Ben are joined by Alex Morris, Co-Founder and CIO of the US Benchmark Series to discuss: making bets on duration, risks on the short and long end of the treasury curve, finding asymmetries in the fixed income market, and much more!    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 animalspirits@thecompoundnews.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 Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed.   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 Talk Your Book is brought to you by U.S. benchmark series by FM investments.

0:05.0

You can go to U.S. Treasury ETF.com to learn more about their ETS that invest directly into

0:10.3

Treasury bills and Treasury bonds. That's US Treasury E.F.com.

0:16.5

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

0:20.4

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

0:25.0

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

0:30.5

Redhol's wealth management.

0:32.2

This podcast is for informational purposes only and

0:34.5

should not be relied upon for any investment decisions. Clients of Rydholz Wealth Management

0:39.2

may maintain positions in the securities discussed in this podcast.

0:46.0

Welcome to Animal Spirits with Michael and Ben.

0:48.0

Michael, one of our sentiment gauges here that's totally internal,

0:52.0

we're holding on to it is our inbox and in the

0:56.6

like the heady 20 20 20 20 21 days it was you know these two or three times leverage tech EDFs and trading individual stocks and

1:05.5

meme stocks and all this stuff.

1:07.8

And now the majority of our questions are about boring old bonds and how do I lock in yield and how do I buy

1:15.9

T bills right?

1:16.9

Credit to our audience we didn't get a lot of memes like there wasn't a ton of people

1:20.4

being like why aren't you guys investing in AMC like that's true

1:24.8

there was a few but not many people were smart audience it was more like should

1:28.5

and not why should I just put all my money into the NASDAQ and that sort of thing

1:31.3

but but the bond yield stuff is interesting because I don't

...

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