This Is the Dumb Money (EP. 423)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 30 July 2025

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 423 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss an AI bubble floor under the market, when to sell NVDA, strategies that don't work anymore, how the housing market is impacting the stock market, the trade war is over, the summer crypto trade, investors are still buying homes, a bad idea for your 401k, Happy Gilmore 2 and more. This episode is sponsored by Vanguard. Learn more at: https://vgi.vg/3GbOsYM 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 show is brought to you by Vanguard. To all the financial advisors listening, let's talk
0:05.2	bonds for a minute. Capturing value in fixed income is not always easy. Bond markets are massive,
0:10.1	murky, and let's be real, lots of firms throw a couple of flashy funds your way and call
0:13.5	a day, but not at Vanguard. At Vanguard, institutional equality isn't a tagline. It's a commitment to your
0:20.1	clients. We're talking top grade
0:21.7	products across the board of over 80 funds, actively managed by a 200-person global squad of sector
0:27.4	specialists, analysts, and traders. These folks live and breathe fixed income. So if you're
0:31.9	looking to give your clients consistent results year and year out, go see the record for yourself
0:35.7	at vanguard.com slash fixed income.
0:38.2	Institutional quality in this context is meant to convey a level, professional rigor,
0:41.5	and expertise combined with low costs. To learn more, visit vanguard.com.
0:45.7	All investing is subject to risk. Investing in bonds are subject to interest rate,
0:48.8	credit, and inflation risk. Copyright 2025, the Vanguard Group, Inc. All rights reserved
0:53.3	Vanguard Marketing Corporation distributor.
1:00.2	Welcome to Animal Spirits, a show about markets, life, and investing.
1:04.4	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
1:09.5	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect
1:13.7	the opinion of Ridholt's wealth management.
1:15.9	This podcast is for informational purposes only and should not be relied upon for any
1:20.1	investment decisions.
1:21.7	Clients of Ridholt's wealth management may maintain positions in the securities discussed
1:25.4	in this podcast.
	...

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