Talk Your Book: How to Invest in Futures

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 18 August 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Craig Bewick, Head of Retail Education for the CME Group to discuss: how futures contracts work, why retail investors are becoming a bigger part of the futures market and 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 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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://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. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Compound Media, Incorporated, 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. 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 the CME Group.
0:03.7	Go to CMEE Group.com to learn more about all of their different tools for trading futures and retail education at CMEGroop.com.
0:14.7	Welcome to Animal Spirits, a show about markets, life, and investing.
0:19.0	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:24.1	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Riddholz wealth management.
0:30.5	This podcast is for informational purposes only and should not be relied upon for any investment decisions.
0:36.2	Clients of Riddhholz wealth management may maintain
0:38.3	positions in the securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.
0:46.3	On today's show, we are joined by Craig Buick. Craig is the head of retail education at the CME group.
0:51.6	And this is the first time I'm talking about that I'm talking my book. Because I am a shareholder in the stock because there is a massive tailwind.
1:00.5	You could call it secular. This is a super duper growth story. The rise of the retail trader,
1:05.8	which is not brand, brand new. But we talk about this all the time.
1:10.8	How long have you owned this stock for?
1:12.7	I'm a recent shareholder, probably like two months, because it just went up every single day,
1:19.7	and I just needed some sort of a pullback to get it and I got it and I got long.
1:24.3	But they've been talking about this on their earnings calls.
1:44.6	They get asked all the time because it is such a big story of their growth, which is retail participation. And I don't think this is going to go away in a bear market. I don't think that people are going to stop using futures, whether it's for leverage purposes, which is, you know, it can be fun and exciting.
1:45.7	And let's just call it what it is.
1:46.6	That's real.
1:50.9	And then there's also, like, more practical purposes, such as hedging.
1:52.4	We speak about that on the show.
1:56.5	If you've got a portfolio that you're not really interested in turning over for taxes reasons, you're a long-term shareholder or whatever.
	...

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