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Animal Spirits Podcast

The Best Decade in Human History (EP.118)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 25 December 2019

⏱️ 42 minutes

🧾️ Download transcript

Summary

On this week's show we talk about the one year anniversary of the bear market, the Christmas Eve miracle bottom, the new Peter Lynch interview, why it never pays to be a pessimist, the illiquidity premium, recessionary vs non-recessionary bear markets and much 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

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

0:05.0

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

0:11.0

Michael Batnick and Ben Carlson work for Ritholz Wealth Management.

0:15.0

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

0:19.7

and do not reflect the opinion of Ritholz wealth management.

0:22.4

This podcast is for informational purposes only. not be relied upon for

0:23.3

for informational purposes only and should not be relied upon for

0:26.4

investment decisions.

0:27.8

Clients of Ritholz wealth management may maintain positions in the securities

0:30.8

discussed in this podcast. Welcome to Animal Spirits with Michael and Ben. and the to Charlotte this weekend and they were offering five people $1,200 to get on a different flight.

0:48.1

Did you take it? It's Christmas time and this is a very busy season but I did not take it but that sounds like a lot of

0:54.9

money that's not bad twelve hundred bucks and all it took was for that one guy to get

0:59.8

beaten and dragged off of the plane for that to happen.

1:18.6

A few things that I noticed. One, the Star Wars marketing budget, holy moly. It was all over the terminal. All over. You know like those the horizontal elevators basically. Yeah. For people with luggage and I use it. Disney's not messing around. There was like 10 screens with the music playing and it was everywhere.

1:27.5

So what I got of that Bob Eager book about Disney and Star Wars in their relationship when they bought Lucas

1:33.8

it almost seems like they're smart enough to realize that the movies

1:39.1

themselves don't really matter that much. Because he basically admitted,

1:44.7

we rushed these things out as fast as we possibly could

1:47.9

because we needed to see a return

1:49.4

on this $4 billion acquisition.

1:52.2

And after they released the first film I don't remember what

1:54.2

that first sequel was called I didn't really get into him I think about the force

...

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