The Nastiest, Hardest Problem in Finance (EP.114)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 27 November 2019

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's show we discuss scale in the asset management business, Robloncho and Cybertruck reviews, the biggest worries in the real estate market, the student loan-like problem for young people 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	Today's animal spirits is brought to you by our friends at YCharts.
0:02.8	We are going to use some data from YCharts today to break down the Charles Schwab TD Ameritrade
0:08.9	merger, which is so exciting.
0:10.9	Wait, what merger?
0:12.8	Acquisition?
0:13.8	It's a joke.
0:14.8	Anyway, we've got a bunch of good data to go over and if you go to YCharts.com, give them a call,
0:20.3	send them an email, tell them Animal Spirits sent you you get 20% off your very first
0:24.4	subscription. Welcome to Animal Spirits a show about markets life and
0:29.5	investing join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
0:36.0	Michael Batnick and Ben Carlson work for Rit Holt's Wealth Management.
0:40.0	All opinions and should not be relied upon for investment decisions. Clients of RIT holds wealth management may maintain positions in the securities discussed in this
0:56.5	podcast.
0:57.5	Welcome to Animal Spirits with Michael and Ben.
1:00.5	Do you think anyone outside of the finance industry realizes what's going on with Charles Schwab and TD Meritrade? Or is that just finance nerds alone?
1:07.0	Why would anyone care? I don't know, maybe they have accounts at either place. Anyway, big news in the finance industry. Is it safe to say how much of this merger between Charles Schwab and TD Ameritrade can we pinpoint to Robin Hood? How much did they speed this up? Maybe this would have happened anyway in the future?
1:24.3	They were the tipping point. So this is a 26 billion dollar all stock deal that they were the tipping point
1:29.8	probably well from Malcolm Gladwell I guess but but didn't you say in the in the
1:34.1	podcast who did about the typical point that Robin Hood was the typical point
1:36.8	yeah I think I may have made that thanks for the credit there no problem this seems like
1:40.9	something that probably was going to happen anyway I had a radio interview with Marketplace the other day and they asked about this a little bit and my main point was the fact that we have a merger like this all the gains in the past I I don't know, call it five to seven years, it seems like
1:55.1	have gone to a consumer and because fees have gone to zero that the consumer has won and so my point was maybe this is just the power
	...

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