The Podcast Power Law (EP.84)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 29 May 2019

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's show we discuss the unraveling of Tesla, what it takes to be in the top 1% of podcasts, where do people listen to podcasts, what Michael learned from creating a financial plan, why the fixed costs matter more than the variable costs in your budget, why workers are fleeing big cities, should parents charge rent when their adult kids move back home, the problem with checking your portfolio performance, some thoughts on annuities, would the market be lower without buybacks, raising cash for a down payment 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 Why Charts.
0:03.0	Welcome to Animal Spirits, a show about markets, life, and investing.
0:07.0	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:14.0	Michael Batnick and Ben Carlson work for Rit Holt's wealth management.
0:17.5	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions
0:22.0	and do not reflect the opinion of Ritt Holt's
0:23.9	wealth management. This podcast is for informational purposes only and should not be
0:27.8	relied upon for investment decisions. Clients of Ritt Holt's wealth management may
0:31.5	maintain positions in the securities discussed in this
0:33.7	podcast.
0:35.7	Charlie Grant in the Wall Street Journal had a really good article over the weekend about
0:40.2	Tesla and what's going on.
0:42.4	He's covered them for a while a few amazing things jump out of this article
0:45.7	They burned through 900 more than 900 million dollars of cash in the first quarter and it only has a year's worth of cash left if its current burn rate doesn't change,
0:57.0	even though they had a financing deal in May which brought in 2.4 billion dollars.
1:01.0	So it's not just the stock price that's in trouble.
1:05.0	It's potentially the business is in trouble, which is probably why the stock price is in trouble
1:07.8	in the first place.
1:08.6	But what's really interesting about this story, and I know we've sort of beaten this to death so forgive us
1:13.5	but is how polarizing this is and how many people have been betting on it for so long so
1:18.6	in 2000 this is not a new thing in 2012 60% of available shares were sold short and they obviously
1:26.4	got crushed because I think it was in 2013 that Tesla had it in
	...

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