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Animal Spirits Podcast

Whatever It Takes Squared (EP.144)

Animal Spirits Podcast

The Compound

News, Business News, Investing, Business

4.72.1K Ratings

🗓️ 6 May 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

On this week's show we discuss Warren Buffett's annual meeting, why Berkshire didn't buy anything, crisis buzzwords, the death of commodities, retailers going out of business, the rise in credit card debt, comedy Oscars 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

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0:00.0

Welcome to Animal Spirits, a show about markets, life, and investing.

0:05.0

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

0:11.0

Michael Batnik and Ben Carlson worked for Ritholz Wealth Management.

0:15.0

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

0:19.7

and do not reflect the opinion of Ritholz wealth management.

0:22.4

This podcast is for informational purposes only. not be relied on and the Welcome to Animal Spirits with Michael and Ben.

0:35.6

I think the biggest news of the weekend is that

0:39.3

Warren Buffett still uses Times New Roman in his slide presentations.

0:44.0

I mean that's got to be the last person on the planet who does that.

0:48.0

He taught us a very good lesson.

0:50.0

Either have the best PowerPoint presentations or the worst.

0:53.6

We had a conference a few years ago in New York, our first evidence-based investor conference

0:57.8

and Charlie Ellis spoke.

0:59.9

And I remember thinking that he had the simplest slides I've ever seen it was just

1:04.2

black and white no pictures no formatting some of the space is weird yeah nothing

1:09.0

like no memes and probably had one of the best presentations of anyone and yeah it's like if you get to that

1:14.8

stage and you just don't care anymore and you're gonna be good as it is it doesn't matter so I

1:19.8

guess Buffett talked for four and a half hours or something.

1:23.0

Remarkable.

1:24.0

Yeah, in a live streamed.

1:26.3

There was something for everyone I think in this.

1:28.5

No matter what your priors were going into it,

...

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