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Animal Spirits Podcast

The Oracle of Brooklyn (EP.33)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.72.1K Ratings

🗓️ 13 June 2018

⏱️ 40 minutes

🧾️ Download transcript

Summary

We talk about Big Mistakes in the Wall Street Journal, how retirement investors are wising up, the crazy Gen Z retirement plan, why markets haven't changed much since the late-1600s, parenting money tips 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, the podcast that takes a completely different look at markets and investing,

0:06.4

hosted by Michael Baddick and Ben Carlson, two guys who study the markets as a passion,

0:11.5

and invest for all the right reasons.

0:14.6

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

0:18.0

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of

0:23.9

Ritt Holt's wealth management. This podcast is for informational purposes only and

0:27.8

should not be relied upon for investment decisions. Clients of Ritthold's

0:31.0

wealth management may maintain positions in the securities discussed in this podcast.

0:35.0

Welcome to Animal Spirits with Michael and Ben.

0:38.0

On this week's show we're going to be speaking first off the bat to the Oracle of Brooklyn.

0:42.0

Our very own Michael Batnick was mentioned in the

0:45.0

Wall Street Journal last week. I believe it was on Friday. I actually prefer to be called

0:48.3

the bald plunger. Okay. By the way that term doesn't seem to be used very much anymore with a plunger.

0:55.5

Yeah, it seems like it died with Jesse Livermore is that right? I think we had back.

0:59.2

Yeah, yeah, it's bits. I think that died a long time ago.

1:02.1

So you had a Jason's wag from the Wall Street Journal of the piece. that's

1:03.3

I think I died a long time ago. So you had a Jason's wag from the Wall Street Journal

1:04.5

wrote a piece I think it came out on Friday afternoon and you sent it to me and it's

1:09.4

pretty crazy because it's a profile of your book, but it also has quotes in there from Swag went to Warren Buffett

1:16.8

and Charlie Mungerdia quotes on some of their biggest mistakes.

1:20.0

So what was your feeling when you saw this post hit?

1:22.4

I had literal tears down my cheek. So what was your feeling when you saw this post hit?

...

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