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Animal Spirits Podcast

We Love to Spend Money (EP.215)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.72.1K Ratings

🗓️ 28 July 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

On this week's show we discuss the insane run in stocks over the last 12 years, what's moving crypto prices lately, when to take profits from a big winner, the shortest recession ever, housing price appreciation slowing down, the Netflix of homebuilding, Robinhood vs. Coinbase and much more.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Ben when I first started gardening. It's not my third season of gardening. I had...

0:08.1

Since you went pro. Yeah, I'm still in the I'm still in the minor leagues. I had I set up my

0:14.2

zucchinis next to my cucumbers. And you have you ever grown cucumbers? I've never grown anything.

0:21.9

Well there you go. So I grew my cucumbers and I was like I don't know what it was. I grabbed

0:27.3

them and I threw it out. I thought it was like a demented zucchini. So obviously I'm not a farmer.

0:32.1

Listen, I just... Do I grow basil? Yeah, I grow basil. I'm not going to go out and buy a farm,

0:36.9

find the tractor, find the farmer, do the irrigation, but I know a company who can. They go by the name

0:42.9

of Acre Trader. We actually had on the CEO, Cardinal Lawy a few months ago. If you want to go ahead

0:48.9

and check that out. That was a very interesting episode. So go to Acre Trader.com. If you're interested

0:53.2

in a farmland, check them out. Welcome to Animal Spirits, a show about markets, life, and investing.

1:00.2

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

1:06.4

Michael Batnik and Ben Carlson work for Ritholds Wealth Management. All opinions expressed

1:11.0

by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the

1:15.4

opinion of Ritholds Wealth Management. This podcast is for informational purposes only and should

1:20.0

not be relied upon for investment decisions. Clients of Ritholds Wealth Management may maintain

1:24.3

positions and the securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.

1:30.0

I want to read you the last 12 years worth of S&P 500 annual returns calendar year.

1:35.6

Cherry picking are we starting to show that way? Yes. By the way, I tweeted this out yesterday

1:39.7

and someone goes, oh, so I see you didn't include 2008 in there. There's a reason for that.

1:44.5

All right, go ahead. All right, 2009, 26 percent, 2010, 15 percent, 2011, 2 percent, 2012, 16 percent,

1:52.8

2013, 32 percent, 2014, 14 percent, 2015, 1 percent, 2016, 12 percent, 2017, 22 percent, 2018,

2:01.6

the only down year down 4 percent, 2019, up 31 percent, 2020, up 18 percent, 2021, so far,

...

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