What Makes People Happier Than Money (EP.126)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

🗓️ 19 February 2020

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's show we discuss the wealth inequality problem, how to get more people invested in financial assets, who gets hit the hardest during the next market crash, overcrowding in the private markets, concentration in the U.S. stock market, intellectual index funds debates, the benefits of working out and 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

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0:00.0	Today's animal spirits is brought to you by our friends at YCharts.
0:03.8	One of the reasons that I like using YCharts because they not only have access to their
0:09.9	own data, they're an aggregator of other data.
0:12.0	So Michael and I will be talking about
0:13.4	wealth inequality today, hot topic, and they do a good job of I didn't even realize they had
0:19.7	this data, but they have broken out the share of wealth inequality over different subsets of the
0:26.2	population divided by different deciles of wealth and I didn't even know they had this typed
0:31.1	it into there found it yeah when we were talking off
0:33.7	camera just before I was really surprised to learn that you were such a big
0:36.7	fan of wealth inequality. Thanks huge fan number one I have even got a
0:41.9	anonymous Twitter account.
0:43.0	Anyway, we'd also like to say, congrats or friends at YCharts.
0:46.0	Financial Planning magazine and American Banker named them the number one company in terms of best FinTech firms to work for.
0:51.0	So, congrats.
0:52.0	I have to ask.
0:53.6	Yes.
0:54.2	Was this a survey?
0:56.3	Oh, that's a good question.
0:59.1	Anyway, they were number one.
1:00.6	If not on the survey, then in our hearts.
1:02.3	So, anyway, go to wide charts
1:04.0	tell them animal spirits sent you and get 20% off of your initial sign up
	...

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