The Best Performing Stocks of 2025 (EP. 445)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 31 December 2025

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 445 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss the best and worst S&P 500 stocks this year, 2025 investing lessons, why silver is going vertical, international small caps are crushing it, family offices are booming, sentiment is still broken, over-optimization is a problem, how millennials got rich, when to spend more in retirement, the best video game of all-time and more. This episode is sponsored by TradePMR. Find more details on TradePMR by visiting: ⁠https://hubs.li/Q03XS3Sj0 Learn more about Fidelity Trader+ at: ⁠https://www.Fidelity.com/TraderPlus Sign up for The Compound newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠animalspirits@thecompoundnews.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation. TradePMR Disclosure: TradePMR, Inc. Member FINRA/SIPC. Securities offered through TradePMR Inc. TradePMR, Inc. is a wholly owned subsidiary of Robinhood Markets, Inc. Please review the full Terms and Conditions at (⁠https://tradepmr.com/asset-match-terms-and-conditions⁠) for the complete rules, requirements, and obligations that apply to participation in the program. 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. 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. 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 episode is sponsored by Trade PMR. As a financial advisor, you're always looking for ways to
0:06.1	strengthen client relationships and demonstrate value. At Trade PMR, that's our focus too. That's why
0:12.4	Trade PMR has launched the Asset Match program, which we believe is an industry-first program designed
0:18.3	to offer your clients a benefit once exclusive to retail customers.
0:22.7	Through March 31st, we're offering a 50 basis point match on all eligible client deposits into
0:29.0	their trade PMR accounts. Asset match provides tangible value to your clients will notice and
0:33.8	is another example about trade PMR supports independent advisors. To learn more, please
0:37.6	visit the link in the show notes, Trade PMR, Inc., member FINRA SIPC, securities offered through Trade
0:44.0	PMR, Inc. Trade PMR, Inc. is a wholly owned subsidiary of Robin Hood Markets, Inc.
0:48.2	Please review the full terms and conditions at the link in the show notes for complete rules,
0:52.1	requirements, and obligations that apply to participation in this program.
1:00.0	Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching. All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Ridholt's wealth management.
1:16.0	This podcast is for informational purposes only and should not be relied upon for any investment decisions.
1:21.7	Clients of Ridholt's wealth management may maintain positions in the securities discussed in this podcast.
1:29.9	Welcome to Animal Spurits, Michael and Ben.
1:32.0	It is Saturday, 2.30.
1:34.9	Thank you to Big John for hopping on.
1:36.6	This is the only time that worked for me because I'm with my family down in Disney.
1:42.8	This might be our first weekend recording ever. And this actually worked out for me, too, because the big thing we do with my family every year in the holidays is we go bowling. We're a bowling family. It's just a tradition. Like once a year? Around the Christmas break, we try to go bowling. But we've always just, bowling has just been a thing with my family. No, no, none of us are a good bowler. I was just going to say none of us are really good bowlers, but I just, man, I just bowled two 120 plus games. For me, that's, that's really good. So, oh, 120 plus. Yeah, I scored over 120 in two games in a row. So do you know that I took a, I took a college, I took a bowling class in college. Really? This might shock you. This might shock you. It was at a community college. Yes. That sounds like a lot of fun to me, actually. I think bowling is just, it's an undefeated family activity. The kids love it. The adults love it. So there's literally a bowling alley across the street from my office. So I went bowling with a family. And, you know, pictures of beer are involved. And, because, obviously. And I bowled two. I bowled 128 and122 or something. And I walked across the street.
2:51.2	Now I'm here recording.
2:52.3	It worked out perfectly. Yeah. And I didn't have to deal with getting the kids out of there. So it was perfect. On a Saturday recording, we make it work. Do you want to get a dizzy stuff now or save it? Thank you for doing this. Well, I don't have a ton of disney stuff because we spent two days at Universal.
3:09.1	Actually, you know what?
	...

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