Will AI Take All Our Jobs? (EP.415)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 4 June 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 415 of Animal Spirits, ⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠ discuss why technical analysis matters in a downturn, why stockpicking is so hard, do we need a recession, Jamie Dimon is worried about government bonds, how many millionaires there are, AI deflation vs. government spending inflation, when to worry about government debt, the bull market is self-driving cars, it's finally a buyer's market for housing and much more. This episode is sponsored by YCharts. Get 20% off your initial YCharts Professional subscription when you start your free trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-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. See our disclosures here: ⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠ 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's show is brought to you by our friends at YCharts. Ben, you know how hard it is to build a
0:04.1	proposal for households with accounts that are here or there, getting everything in one
0:09.4	consolidated view, clean proposal. It's difficult. But now, YCharts has their new household
0:16.1	portfolios where you can bring everything together. No spreadsheets here and there, boom, one-stop shop.
0:23.9	Especially when you work at a collaborative place like us, which like a lot of wealth management
0:27.7	shops probably, where it's multiple people that are working on an account or a prospect.
0:32.2	It is nice to have it in one place. So they also have this transition analysis that does all
0:35.6	the tax math for you. That's a big part about transitioning any prospect is right. Like what is the tax situation going
0:42.0	to be if I make these moves? They have this folder's capability so you're not trading emails
0:46.5	or accidentally missing something. So everything is organized all in one easy to share place.
0:51.0	It's just less time spending like chasing around stuff and looking for data. It's
0:55.2	nice and clean. Whitecharts built it all out. So click the link in the show notes to learn more
0:59.1	about these new capabilities. 20% off your initial subscription. When you subscribe for the first time
1:03.8	and mention Animal Spirits. Again, click that link in the show notes. Welcome to Animal Spirits,
1:10.6	a show about markets, life, and investing.
1:13.1	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
1:18.3	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Riddholz wealth management.
1:24.6	This podcast is for informational purposes only and should not be relied upon for any investment decisions. Clients of Riddholt's wealth management. This podcast is for informational purposes only and should not be relied upon for any investment decisions.
1:30.4	Clients of Rittholds wealth management may maintain positions in the securities discussed in this podcast.
1:38.5	Welcome to Animal Spirits with Michael and Ben. We are here in Wicker Park, Chicago, for the opening of our second HQ
1:48.7	in Chicago. There is about 60 some odd people, Riddholt's wealth employees here, which is the
1:56.2	largest gathering we've ever done. And a lot of the employees, you know, we should, we should keep
	...

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