We Have to Talk About Sports Betting (EP. 417)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 18 June 2025

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 417 of Animal Spirits, ⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠ discuss valuations not mattering, volatility is the new normal, all-time highs in rich people, bubble behavior in AI, gambling is off and running, limit orders on crypto trades, the housing market is not fair, the downside of illiquidity, Michael's email pet peeves and more. This episode is sponsored by Nuveen and Fabric by Gerber Life. Invest like the future is watching. Visit https://www.nuveen.com/future to learn more. ⁠⁠ Join the thousands of parents who trust Fabric to help protect their family. Apply today in just minutes at: https://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	This message is brought to you by Nouveen. What does it mean to invest like the future is watching?
0:05.2	As one of the largest global investment leaders managing $1.3 trillion in public and private assets,
0:11.0	Nuvian is uniquely positioned to take on tomorrow today.
0:14.6	Combining over 125 years of deep expertise across income with innovative alternative solutions,
0:20.4	Nouveen adapts to the needs of
0:21.7	investors as they change, offering reliability, access, and foresight to its clients, communities,
0:26.5	and the global economy, all in the pursuit of lasting performance. Newveen, invest like the future
0:31.1	is watching. Visit nubene.com slash future to learn more. Investing involves risk, principal loss is
0:36.3	possible.
0:42.2	Today's show is also brought to you by Fabric Life. Fabric by Gerber Life is the term life insurance.
0:45.7	You can get done right from your couch, all online and on your schedule. You can be covered under 10 minutes with no health exam required. Ben, have you spoken to your kids yet about life insurance?
0:51.0	We haven't had that talk yet. I'm working on the personal finance stuff. I tried to talk to my
0:55.3	daughter the other day about saving, but insurance is probably next in line. Kobe's been asking me a lot
0:59.6	about allowance. He hasn't used the word allowance. He doesn't know what that means yet, but he's
1:03.7	writing a list of chores that he should be doing, like taking rid of the bathroom. Now, Logan is
1:10.1	getting involved. This has nothing to do with life insurance.
1:12.1	But actually, it does.
1:13.3	I have kids.
1:14.5	I want them to be protected.
1:16.0	God forbid.
1:17.2	So got to get yourself protected.
1:19.9	Thousands of parents trust Fabric to help protect their family.
	...

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