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Animal Spirits Podcast

The Beanie Baby Bubble (EP.192)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 24 February 2021

⏱️ 48 minutes

🧾️ Download transcript

Summary

On today's show we discuss the collectibles boom, similarities and differences to the Beanie Baby boom of the late-1990s, NBA Top Shot, ISAs for pro athletes and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's animal spirits is brought to you by DPL Financial Partners.

0:04.0

DPL Financial Partners is the first and leading turnkey insurance management platform

0:08.8

for registered investment advisors, providing a marketplace of low cost,

0:13.2

commission-free annuity, and insurance solutions from some of the nation's top carriers.

0:17.4

As a member of DPL, advisors can more holistically serve their clients with

0:21.4

pricing and fiduciary implementation of insurance and annuities, ultimately delivering

0:26.4

greater benefits to the financial plan and improving retirement outcomes.

0:30.4

So we'll link to DPL on the show notes. If you're interested, Ben and I did an episode

0:34.7

with David Lau a few weeks back to dive deeper into how they work with advisors to

0:38.6

check that out. We'll link to that in the show notes.

0:41.0

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

0:45.7

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

0:52.0

Michael Batnik and Ben Carlson work for RIT Holt's Wealth Management.

0:55.5

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

1:00.0

and do not reflect the opinion of RIT Holt's Wealth Management. This podcast is for informational

1:04.4

purposes only and should not be relied upon for investment decisions. Clients of RIT Holt's Wealth

1:08.8

Management may maintain positions in the securities discussed in this podcast.

1:13.1

Welcome to Animal Spirits with Michael and Ben. To start off today's show, because we're going

1:17.0

through this strange collectible boom, I want to talk about one of my favorite bubbles of all time,

1:22.3

and it's the Beanie Babies Bubble. There was this great book by a guy named Zach Bissinet called

1:28.0

the Great Beanie Baby Bubble. I just want to go through some of the stats. It's crazy. This one

1:34.0

was probably the one that blew my mind the most. Hold on, do you remember the Beanie Baby Bubble?

...

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