Talk Your Book: The Joneses Aren't That Happy

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 7 June 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 speak with Daniel Crosby about his book, The Soul of Wealth. 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://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. 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	Welcome to Animal Spirits, a show about markets, life, and investing.
0:09.2	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:14.4	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Ridholtz Wealth Management.
0:20.7	This podcast is for informational purposes only and should not reflect the opinion of Ridholt's wealth management. This podcast is for
0:21.7	informational purposes only and should not be relied upon for any investment decisions. Clients of
0:26.9	Ridholt's wealth management may maintain positions in the securities discussed in this podcast.
0:34.8	Dr. Daniel Crosby, welcome back to Animal Spurts.
0:38.9	Thank you.
0:39.4	It's great to be with y'all.
0:40.5	All right.
0:40.9	So for those of you who are unfamiliar with Daniel's work, Daniel is the chief behavioral officer at Orion.
0:45.7	And he is one of my favorite voices in the world of, I'm going to say finance, talking about the intersection of markets and more specifically, is there another word to use for
0:57.9	behavior? What do you do? Talk about the real stuff. The shit that matters. That's what you talk
1:01.8	about. The real stuff. There we go. We'll go with that. Human first advice is gaining some momentum.
1:06.6	But yeah, the artist formerly known as behavioral finance for sure. You've written a lot of books.
1:11.7	What number was this, the soul of wealth?
1:13.3	It's my third solo book, my fourth book, yeah.
1:15.6	Okay.
1:16.1	So writing a book, in my opinion, sucks.
1:20.6	It's not a lot of fun.
1:22.1	There's not a lot of payoff.
1:23.5	There's more downside that upside.
	...

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