Talk Your Book: The Electrification of America

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 12 June 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show, Michael and Ben are joined by Timothy Kramer, Founder and CEO of CNIC Funds to discuss investing in electricity, how CNIC Funds work, volatility in the energy market, what a suitable commodity exposure looks like, and much more! Find complete shownotes 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 animalspiritspod@gmail.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 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 Talker book is brought to you by CNIC Funds.
0:07.7	Welcome to Animal Spirits, a show about markets, life, and investing.
0:11.6	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:16.8	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the
0:21.2	opinion of Red Holtz-Wealth Management. This podcast is for informational purposes only and should
0:26.0	not be relied upon for any investment decisions. Clients of Red Holtz-Wealth Management may
0:30.7	maintain positions in the securities discussed in this podcast.
0:37.2	A couple of weeks ago, Ben and I were in Hollywood, Florida, outside, joined the Sunshine.
0:46.3	Our friend, Devon Drew, from DFD Partners, brings over a gentleman that he wanted to introduce
0:51.5	us to, and it was the guy who was on the show today, Tim Kramer.
0:55.6	I just showed up in Florida. He was one of the first people I met.
0:58.3	Oh, really? Yeah, I just sat down and then, hey, here's Tim.
1:02.0	Did he say, oh, that's right, that's right, that's right, okay.
1:05.6	So we spoke about the fund that he launched, which it's like two or three weeks old at this point,
1:10.8	and we've spoken to a lot of ETF providers on the show. Obviously, we've spoken to
1:16.7	about hundreds, thousands over the years, probably. This is a new category.
1:22.5	Yes, it's kind of hard to surprise you at this point in terms of strategies and fun types,
1:27.8	and this was a new one for us. It's essentially betting on the price of electricity,
1:34.5	it's one I mentioned on the podcast. It's one of those things you never, those commodities,
1:38.3	you just don't think about. No, this is definitely a moment for me.
1:42.0	Yes, and it makes sense. The narrative I was building in my head was, okay, electric cars,
1:46.8	power grid, all this stuff, and Tim shares that it's much more than that, but it's an interesting
	...

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