There Will Never Be Another Warren Buffett (EP.411)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 7 May 2025

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 411 of Animal Spirits, ⁠Michael Batnick⁠ and ⁠Ben Carlson⁠ discuss Warren Buffett's legacy, no one can guess where the market is going, a 9 day win streak for stocks, Americans love to buy the dip, the next recession is going to be wild, Wall Street is very bearish, retail is bullish, Bitcoin didn't decouple yet, a housing market slowdown, the benefits of drinking and more. This episode is sponsored by YCharts and Fabric By Gerber Life get 20% off your initial YCharts subscription by visiting: ⁠⁠https://go.ycharts.com/animal-spirits Join the thousands of parents who trust Fabric to help protect their family by visiting: http://meetfabric.com/SPIRITS Sign up for The Compound newsletter and never miss out: ⁠thecompoundnews.com/subscribe⁠ Find complete show notes on our blogs: Ben Carlson’s ⁠A Wealth of Common Sense⁠ Michael Batnick’s ⁠The Irrelevant Investor⁠ Feel free to shoot us an email at ⁠[email protected]⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠Ritholtz Wealth Management⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠https://ritholtzwealth.com/advertising-disclaimers⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠https://ritholtzwealth.com/podcast-youtube-disclosures/ 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 by White Charts. Ben, you know what's not easy?
0:04.4	What's that?
0:06.1	Turning something that's qualitative, like feelings, into something quantitative.
0:12.4	That's like the whole wealth management business, right?
0:14.9	That's true.
0:16.0	But I'm talking specifically about how do we quantify your ability to take risk?
0:21.8	White Charts did that?
0:26.5	They launched risk profiles. It's a new way to align your client's risk preferences directly to your investment recommendations. That's like the whole thing right there with clients,
0:30.8	right? Risk profile on time horizon. So this allows you to bring structure as well as clarity,
0:37.1	love clarity, to your proposals,
0:39.4	helping you map models to risk levels with the customizable, repeatable framework.
0:42.8	Yep, they have these intuitive visuals that just, they go to the why behind your recommendation.
0:47.2	That's the whole thing behind it, right?
0:48.5	Like, there's a million different portfolios we could put together.
0:52.3	Here's what you own and here's why you own it.
0:54.7	Click the link in the show notes, learn more about risk profiles, get 20% off your initial
0:58.9	whitecharts professional subscription when you start your free whitecharts trials through animal
1:02.9	spirits, new customers only. Hit that whitecharts.com for more.
1:06.8	Today's animal spirits is brought to you by fabric by Gerber you by Fabric by Gerber Life.
1:13.5	Fabric by Gerber Life is term life insurance.
1:16.7	You can get done right from your couch online and on your schedule in 10 minutes.
1:24.7	You, I think last time I did a fabric read and I said, hey, listen, my insurance for my life insurance is coming up soon because I started it.
	...

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