Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing,

hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion and invest for all the right reasons.

Michael Batnik and Ben Carlson work for Ritholz wealth management.

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

Ritt Holtz Wealth Management.

This podcast is for informational purposes only and should not be relied upon for investment decisions.

Clients of Ritt Holt's Wealth Management may maintain positions in the securities discussed in this podcast

On today's animal spirits with Michael and Ben we're going to be talking about the meeting of work the Berkshire Hathaway letter a billionaire who actually bought Microsoft at the IPO and never

sold.

We're going to do a few surveys, things that annoy us, upside potential in retirement, we're

going to talk about dying broke, the bull market, and we'll get to listener questions and recommendations.

But we're going to start out with Ben's boy, Derek Thompson, and you know what? He's my boy too now because his writing is pretty tremendous.

He wrote an article over the weekend about how the meaning of work has really morphed in the 21st century.

Sorry.

All right, I'll keep going.

So quote, in the past century,

the American conception of work has shifted from jobs to careers to callings, from necessity to status to meaning.

But our desks were never meant to be our altars.

The modern labor force evolved to serve the needs of consumers and capitalists not to satisfy tens of

millions of people seeking transcendence at the office." And the implication is

that because it can't provide transcendence to everybody a lot of people are going

to fall short and therefore just be sort of perpetually miserable.

...