Today's Animal Spirits Talk, your book, is brought to you by Crane Shares. Go to CraneShares.com to learn more about their rise of humanoid robots ETF. That's ticker COID. It's craneshares.com to learn more.

Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

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

This podcast is for informational purposes only and should not be relied upon for any investment decisions.

Clients of Riddholt's wealth management may maintain positions in the securities discussed

in this podcast.

Welcome to Animal Spirits with Michael and Ben.

What of the dominant investing themes, or I should say, let me phrase it differently,

the dominant investing themes over the last couple of decades, it started with the internet,

and then I went to mobile, and then I went to cloud.

I don't know if like cloud is quite as big as the others, but that was like the cloud took

the baton and powered the next to the bull market.

And then, of course, it was digital AI, Nvidia, data center is the buildout. And it does seem that very naturally the next thing coming is humanoid robots. At least that's the pitch. The future is going to be weird, man. And I can see it now. 2032. The S&P at 14,000. Making a run to 16,000.

And the bear screaming, well, if it wasn't for these damn robots, the S&P would be back

down to 10,000.

It is weird to think that people are worried about an AI bubble when the robot stuff

hasn't even happened.

And it's, we, how are we to say, like, when this could be a real thing. So that's why we brought an expert on today. So Derek Yahn is from Crane Shares. He's a senior investment strategist there. And Crane Shares has an ETF now that is investing in the rise of humanoid robots, which is kind of crazy to think. These are things that you would not pick out on your own. No, I would have thought this would have been like a Mag 7 ETF. To be honest, like a lot of these are. I've never heard of most of the names in this fund, which tells you that it is actually going for this stuff. So I met, quote unquote, met the robot down in Miami and interacted with it. I was telling Duncan, do you think the robot remembers me? You're very easy to forget. You're very tired. If I had to see the robot again, I don't know who I am. But the idea that we're going to have these is both scary and exciting, because we probably will need them at some point. To take care of old people. I think it's way more exciting than scary. I guess the scary part would be people saying, oh my gosh, they're going to take all the, there's, we're going to have robots, do all the jobs. What are people going to be even for anymore? But the exciting side of things is like, what if in the future, we have just too many old people that need health care. We need, we need help at the hospitals. We need help taking care of old people. We need help around the house, whatever it is. I'm bullish on robots for

humanity. I think that it's actually going to come at a good time. Now, is it the next five years, the next 10 years? Remember the, in I robot, it becomes the biggest company in the world. What's the name of the company? Is it just called I robot? Can't remember. But I do love the bad guy in there, the giant dude with big nose from LA Confidential.

Yeah.

He's not of that guy.

What's that guy's name?

...