4.8 • 2K Ratings
🗓️ 5 February 2024
⏱️ 35 minutes
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0:00.0 | Today's Animal Spirits Talk Your Book is brought to you by Stepstone Private Wealth. |
0:04.6 | Go to Stepstone Group.com to learn more about how you can invest in hard assets in their |
0:10.0 | infrastructure fund. That's Stepstone Group.com. Welcome to Animal Spirits, a show about markets, life and investing. |
0:18.8 | Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching. |
0:24.0 | All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of |
0:29.1 | Redhol's wealth management. |
0:30.8 | This podcast is for informational purposes only and should not be relied upon for any investment decisions. |
0:36.0 | Clients of Ritholz wealth management may maintain positions in the securities discussed in this podcast. Welcome to Animal Spirits, Michael and Ben. |
0:47.0 | On today's show we spoke about something incredibly important, |
0:51.6 | under-discussed, underrepresented, at least on this show. |
0:55.0 | We've never spoke I don't think about infrastructure. |
0:58.6 | Things like toll roads, bridges, how do they get funded? |
1:04.4 | Who invested them? |
1:05.3 | Airports. |
1:06.2 | It's a huge asset class in Australia. |
1:09.4 | Okay. |
1:10.3 | But not so much in the US. |
1:12.1 | We actually had an Australian fund manager back in my endowment days |
1:16.0 | that invested an infrastructure asset |
1:19.0 | and they owned the Chicago Toll Road |
1:22.0 | and you could see it become because it used to be you drive |
1:26.7 | there and had this basket you'd throw the change in there back but when you could |
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