The Rorschach Test (EP.81)

Animal Spirits Podcast

The Compound

Business News, Business, Investing, News

4.7 • 2.1K Ratings

🗓️ 8 May 2019

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's episode we discuss why Berkshire Hathway is the market's Rorschach test, Charlie Munger is still going strong at age 95, how many companies have avoided bankruptcy because of VC money, recession calls that won't age well, lessons from the new Jeopardy! champ, surveys of the week, why investors are getting smarter, why people always think it was better 50 years ago 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

Click on a timestamp to play from that location

0:00.0	Today's Animal Spirits is brought to you by Wide Charts.
0:02.6	Go to Wide Charts and tell them Animal Spirits sent to you and they will give you 20% off
0:06.2	your first subscription.
0:08.1	Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing
0:13.8	hosted by Michael Batnik and Ben Carlson
0:16.4	two guys who study the markets as a passion
0:18.9	and invest for all the right reasons
0:21.7	Michael Batnik and Ben Carlson work for Ritholt's wealth management.
0:25.0	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions
0:30.0	and do not reflect the opinion of Ritholt's wealth management.
0:32.0	This podcast is for informational purposes only. not reflect the opinion of Ritt Holt's wealth management.
0:32.7	This podcast is for informational purposes only and should not be relied upon for investment decisions.
0:37.8	Clients of Ritt Holt's wealth management may maintain positions in the securities discussed
0:41.2	in this podcast.
0:42.0	Welcome to Animal Spirits with Michael and Ben.
0:45.0	Ben you posted a few charts from Why Charts as usual
0:50.0	about Bricksure Hathaway versus the S.P. 500. and I guess this is something of a reward check test right like anything like mostly is investing change to start and end date and you could pretty much tell any story you want
1:00.8	So I just pulled up one of their performance charts and you
1:04.3	can change it pretty easily by doing different time frames. So I looked at the last five
1:08.1	years. Berkshire Hathaway, BRKA, that returned basically tracks the&P 500. So over the last five years it
1:15.7	looks like Buffett is a closet indexer which of course he has been this whole
1:19.5	career. Zoom out a little bit, go to 10 years, and Berkshire is trailing by more than 50%.
	...

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.