The Dumbest Trade War (EP.398)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 5 February 2025

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 398 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the financial impact of tariffs, why AI could save the stock market, market return assumptions for the next decade, the Vanguard Effect, levered ETFs, AI Ben, crypto is not a tariff hedge, using Bitcoin instead of a 529 plan, the remodeling boom, peer pressure from friends to go skiing, and much more! This episode is sponsored by YCharts. Check out the Debunking Investing Myths Deck at: https://go.ycharts.com/debunking-investing-myths 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 [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. 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

Click on a timestamp to play from that location

0:00.0	Today's Animal Spirits is brought to you by our friends at Y Charts.
0:03.9	White Charts created a brand new deck, helpful for advisors, called debunking investing myths.
0:09.1	And I've got some favorite charts in here that they use.
0:12.1	They have one that says fallen stocks will always bounce back.
0:15.0	This is a thing where you...
0:16.3	Not true.
0:17.5	No, it's not.
0:18.1	So they show AIG, 96% below all-time highs. City Group, 88% below all-time highs. This one
0:23.1	surprise me, Walgreens is 90% below all-time highs. So while sometimes it seems like, oh, I'll just
0:29.7	wait until a stock crashes and I'll buy it and it'll obviously come back because that's happened to
0:33.3	a lot of stocks in recent years. Not all the time. Most of the time, in fact, these stocks never
0:37.7	come back. If there was an ETF of stocks making new 52-week lows, it would be the worst
0:41.9	performer eight out of 10 years. Yes. You'd have maybe one winner in there or something,
0:48.1	but you wouldn't have a lot of them. So we're big fans of myth busting here. Click the link in the show notes. Download a copy
0:54.5	of YTcharts latest deck. Get 20% off your initial YTchrist professional subscription. When you start your first
0:59.5	free YTarts trial through Animal Spirits, new customers only. Whitcharts.com to learn more. Tell me
1:05.2	else we just send you.
1:14.8	Welcome to Animal Spirits, a show about markets, life, and investing.
1:19.5	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
1:24.5	the opinion of Ridtholt's wealth management. This podcast is for
1:27.7	informational purposes only and should not be relied upon for any investment decisions.
1:32.5	Clients of Ridholt's wealth management may maintain positions in the securities discussed in this
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Compound, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Compound and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.