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Welcome to Animal Spirits, a show about markets, life and investing.

Join Michael Batnick and Ben Carlson

as they talk about what they're reading, writing, and watching.

Michael Batnick and Ben Carlson work for Ritholz Wealth's Wealth Management.

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Ritt Holt's wealth management.

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

Clients of Ritt Holt's wealth management may maintain positions in the securities

discussed in this podcast. S&P 500 dividends per share have grown at a pretty

decent clip. I guess this goes back to like the early 90s this chart and when thinking about

investing I went back to basics I re-read Nick Murray's simple wealth

inevitable wealth and I'm going to write a post about this one of the things

that he talks about is basically the entire boogie man of investing is inflation and it's so obvious

but we get lost in all the minutia.

Like, why are we even investing in the first place?

It's to preserve our purchasing power

and perhaps even do a little bit better than that, right?

Makes sense.

And so one of the reasons, one of the ways that preservation manifests itself or why does it

occur is because these businesses that we're investing in are increasing

their dividends they're increasing their earnings per share in the event of a recession they have the

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