There's No Crying in Crypto (EP.229)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 3 November 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show we discuss the impact of rising rates on the stock market, Shibu Inu, the different levels of FOMO, parallels to the tech bubble, why everything we learned in business school is now worthless 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 Masterworks.
0:02.5	Once you realize what's happened in the past week,
0:05.1	the only thing that you could say is holy shit.
0:09.9	Someone made $8 billion by Shiba Inu coins.
0:14.7	Tesla surpassed $1 trillion in market cap.
0:17.6	And board of reality, Mr. Mark Zuckerberg
0:20.5	went all in on the metaverse.
0:23.3	Quality chaos keeps things interesting,
0:25.4	but when it comes to your financial well-being,
0:26.8	less is more.
0:27.9	Despite popular belief,
0:29.2	you don't need to take big risks to get big rewards.
0:31.8	Earlier this year,
0:32.7	I added one of the most overlooked investments
0:34.4	in history to my portfolio.
0:35.8	It's one that billionaires have used to grow,
0:37.4	but also protect wealth for generations.
0:40.2	This is an asset class that will grow
0:41.4	by over $1 trillion in under five years.
0:44.5	It beat the SAP 500 by threefold from 1995 to 2020
0:49.0	with nearly zero correlation to public equities.
0:52.1	This might shock you, Ben.
	...

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