When Your Friends Are Richer Than You (EP.377)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 11 September 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 377 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a bad week for the stock market, why foreign stocks are so cheap, the state of America's wallet, the coming HELOC boom, the finances of Only Fans, how to become a millionaire, next week's live Animal Spirits from Future Proof, and much more! This episode is sponsored by Jensen Investment Management. Learn more about the Jensen Quality Growth ETF at: https://www.jenseninvestment.com/etf/ 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 Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com 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	Welcome to Animal Spirits with Michael and Ben.
0:02.4	I have an idea today.
0:03.4	I want to solve Europe's economic problems with air conditioning.
0:06.0	I hate it.
0:08.0	All right, we speak about dating apps and the explosive growth of a company called Only Fans,
0:16.0	which you might have heard of, you might not know what it does.
0:18.3	I didn't know, it's UK-based.
0:20.3	I don't believe that.
0:21.6	We talk about our brainstorming session for live
0:23.8	animal spirits next week at future proof. What we're going to be doing there is
0:26.4	going to be a little different than usual animal spirits.
0:28.0	You ever been in a conversation on either side where you're talking to a friend and
0:31.8	they're clearly either have more or less money than you and it gets really
0:34.6	awkward and really heated and yeah we get into that. Yep and then Michael
0:39.0	goes through Neons Raviler with 824 because every week Michael brings up a movie to me that I've literally never heard of before and he asked me am I going to see this other movie that I've never heard of before and we get another rivalry here.
0:50.0	Stay tuned. Today's Animal Spirits is brought to you by Jensen Investment Management.
0:54.2	A couple weeks ago, we had Kevin Walksh
0:56.9	from Jensen Investment Management on our Talk Your Book segment
0:59.7	talking about the Jensen Quality Growth EDF, JGRW.
1:04.0	We always have a great time talking to them.
1:05.9	Long-term capital appreciation, looking for less risk over full market cycles.
1:10.2	They're looking for durability, okay? Not this fly-by-night, flash in the pan type of stuff.
	...

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