Volatility Hits Main Street (EP.265)

Animal Spirits Podcast

The Compound

Investing, Business News, Business, News

4.7 • 2.1K Ratings

🗓️ 13 July 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show we discuss stocks for the long run, Elon's Twitter debacle, the labor market vs. inflation, the number of cycles we've experienced since the pandemic, peak inflation 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 Masterworks. It is 7-11. That's the day.
0:07.6	Monday, July 11th, 145 in the afternoon. The SCP-500 is down 55 basis points. On the day,
0:17.2	off the lows, still down 18.6% year to date. You know, it's not down 18.6% year to date.
0:24.4	Not to brag, my portfolio of art. I've got contemporary, I've got some other categories that
0:34.2	I'm not even quite familiar with. You know why? I don't have to be the greatest art pick in the
0:37.9	world. I outsource that to Masterworks. There doesn't have to be an art picker's market for you
0:41.7	as what you're saying. There is something to be said for that liquidity where... You don't need to
0:45.2	look for the needle in the haystack. Just own the haystack. Yeah. That was Jack Pogel. My diversification
0:52.1	plan with art has been put some money in over time. I'm not trying to pick the radar. I'm
0:56.8	putting it in sporadically over time and dollar cost averaging just like I would with any other
1:01.2	sort of portfolio. It's easier that way. So if you would like to diversify with Ben, myself, where
1:07.6	do you go? I'll tell you. Masterworks.com slash animal. And please see important disclosures
1:14.2	at masterworks.com slash cd. Welcome to Animal Spirits, a show about markets, life, and investing.
1:23.1	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
1:29.3	Michael Batnik and Ben Carlson work for Ritholds Wealth Management. All opinions expressed
1:34.0	by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the
1:38.3	opinion of Ritholds Wealth Management. This podcast is for informational purposes only and should
1:42.9	not be relied upon for investment decisions. Clients of Ritholds Wealth Management may maintain
1:47.2	positions and the securities discussed in this podcast. Welcome to Animal Spirits with Michael and
1:51.8	Ben. Michael, I'm going to start off today with a little context. All right. I feel like the bear
1:56.4	market right now was in kind of boring territory. We hit that bear market territory. Let's call it 18
2:02.4	or 19 percent. It's kind of when it starts, I think. It's kind of a little stalemate. We scream
	...

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.