Yolo Spenders (EP.328)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 4 October 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 328 of Animal Spirits, Michael Batnick and Ben Carlson discuss: crazy moves in US Treasuries, how prepared the consumer is for a recession, more positive data on inflation, Michael Lewis and the SBF situation, dark meat chicken, the best 80s movies, and much more! Nuveen has provided investment excellence for 125 years. Visit https://www.nuveen.com to learn more. The CFA Program is very difficult, but Kaplan Schweser can help you prepare. Visit https://www.schweser.com/ to learn more. 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 animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com 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. Wealthcast Media, 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	Today's podcast is brought to you by NuVine. NuVine has provided an investment excellence
0:05.3	for 125 years. A lot has changed, but one thing remains constant, including different types
0:11.1	of durable income in portfolios can help investors meet their goals, with expertise across
0:16.0	income and alternatives. NuVine continues to expand its capabilities while maintaining
0:21.1	its legacy as a leading investment manager. Visit NuVine.com to learn more. Investing
0:27.1	involves risk. Laws are principle as possible.
0:31.4	Today's animal spirits is brought to you by Kaplan Schweizer. CFA program, very difficult.
0:36.1	We both took it. The very first CFA exam I took, level one, I used just the CFA books,
0:42.6	and that was a huge mistake, because those CFA books are so dense and big and they don't
0:50.0	summarize anything. And it was, I made it way harder than it had to be. So for the second
0:54.6	level, I used Kaplan's books. And it saved me a ton of time because it took these huge
1:00.8	two inch thick CFA books and it shrunk them down to about a quarter of an inch and summarized
1:05.2	in bullet point. And then they also had, at the end of each chapter, a test that you could
1:09.4	take that would help you understand it better.
1:11.7	Here's a little tip for aspiring CFA charter holders. Don't mass the material, mass
1:17.7	to the questions. And the best way to mass the questions is to take a million of them.
1:22.0	Actually, not only did I use the books, I took the online course. Did you?
1:25.7	I don't know if they had an online course, but I took it.
1:28.0	Oh, not to brag. I think I probably did this in like 2000. I took the first one in 2000.
1:34.9	I wasn't even in the industry. I had no idea what I was doing. I passed level one. I'm
1:38.8	pretty sure I'm the only person. I got to be like, I'm a short list of people that
1:42.3	took CFA level two with zero industry experience.
	...

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