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    Business

    Animal Spirits Podcast

    Animal Spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they’re reading, writing, listening to and watching. Look for new episodes every Wednesday morning. See our disclosures here – https://ritholtzwealth.com/podcast-youtube-disclosures/

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    Latest Episodes:
    Talk Your Book: How Not To Invest Like Buffett Apr 19, 2025
    Show notes

    On this special two-part episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson speak with Barry Ritholtz to discuss his new book, How Not To Invest. Barry is the co-founder and Chief Investment Officer of Ritholtz Wealth Management, as well as the host of the popular Bloomberg podcast Masters in Business.


    Then at the 30:00 mark, the guys talk with Alex Morris to discuss his new book, Buffett and Munger Unscripted. Alex is the founder of The Science of Hitting Investment Research.


    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 animalspirits@thecompoundnews.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. 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


    The Dollar Dump (EP.408) Apr 16, 2025
    Show notes

    On episode 408 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the tariff tantrum, why a falling dollar matters, yields are rising, betting markets on recession predictions, sentiment is falling off a cliff, buying stocks when they're down 15%, the unintended consequences of Trump's trade policies, panic in the stock market, when you should sell some stocks and much more.


    This episode is sponsored by NEOS Investments and Fabric by Gerber Life.


    • Learn more about NEOS Investments and their offerings at https://neosfunds.com


    • Join the thousands of parents who trust Fabric to protect their family. Apply today in just minutes at: https://meetfabric.com/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 animalspirits@thecompoundnews.com 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


    The Stock Market Crashed. Now What? (EP.407) Apr 09, 2025
    Show notes

    On episode 407 of Animal Spirits, Michael Batnick and Ben Carlson discuss the chaos surrounding tariffs, Dan Ives getting cautious, possible affects on the economy, fake headlines moving markets, cabanas are getting out of control, the White Lotus finale, and much more!


    This episode is sponsored by Betterment Advisor solutions and Morningtstar Investment Conference.


    • Grow your RIA your way at: betterment.com/advisors


    • Don't miss Animal Spirits at the Morningstar Investment Conference in Chicago on June 25 and 26. Learn more at: morningstar.com/business/events/morningstar-investment-conference?refid=animalspirits


    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 animalspirits@thecompoundnews.com 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


    Talk Your Book: International Stocks, So Hot Right Now Apr 07, 2025
    Show notes

    On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Rahul Sharma, Portfolio Manager and Executive Director at Schafer Cullen to discuss the catalyst for recent international outperformance, what policies have led to international performance, avoiding/concentrating into different countries, how the US Dollar affects international investments, and much more! Learn more at: https://www.cullenfunds.com/


    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 animalspirits@thecompoundnews.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. 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


    Ben's Bearish (EP.406) Apr 02, 2025
    Show notes

    On episode 406 of Animal Spirits, Michael Batnick and Ben Carlson discuss: auto tariffs, binary outcomes on Liberation Day, rising uncertainty, why household debt is going to rise, the Mag 7 bear market, the pros and cons of buffered ETFs, the bottom 50%, PE in 401(k) plans, a diverging housing market and more.


    This episode is sponsored by YCharts. Register for the YCharts x Nick Maggiulli webinar here: https://ycharts.zoom.us/webinar/register/6017424930774/WN_pt05FhS_SW2Q0dbtqFi8Bg


    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 animalspirits@thecompoundnews.com 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


    Talk Your Book: Floating Rate Income Mar 31, 2025
    Show notes

    On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Fran Rodilosso, Head of Fixed Income ETF Portfolio Management and Bill Sokol, VP and Director of Product Management to discuss what a CLO is, how the portfolio is constructed, the possible risks with CLOs, why spreads have remained so low in 2025, performance during recessions, and much more! Learn more at: https://www.vaneck.com/us/en/investments/clo-etf-cloi/overview/


    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 animalspirits@thecompoundnews.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. 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.


    Important Disclosures from VanEck: https://www.vaneck.com/us/en/talk-your-book-vaneck-disclosures-cloi/

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Did Trump Blink? (EP. 405) Mar 26, 2025
    Show notes

    On episode 405 of Animal Spirits, Michael Batnick and Ben Carlson discuss: how to become indispensable at work, the stock market comeback, the wealth effect, international stock outperformance, who owns the US stock market, 100 baggers, the Jerome Powell rally, watch what consumers do not what they say, how the GFC messed up the housing market, the shrinking middle class, Severance and more.


    This episode is sponsored by Kraneshares and Fabric by Gerber Life.


    • Explore the KraneShares China & Emerging Markets Internet ETF Suite at: https://kraneshares.com/kweb-suite/?adsource=compound


    • Join the thousands of parents who trust Fabric to protect their family. Apply today in just minutes at: https://meetfabric.com/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 animalspirits@thecompoundnews.com 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


    Talk Your Book: A Better Money Market Fund Mar 24, 2025
    Show notes

    On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Alex Morris, CEO and Mark Spindel, Senior Advisor for F/m Investments to discuss how TIPS work, why it was so hard to hedge inflation in 2022, difficulties around inflation-protected investing, and much 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 animalspirits@thecompoundnews.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. 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


    Talk Your Book: How to be a Supercommunicator with Charles Duhigg Mar 22, 2025
    Show notes

    On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by author Charles Duhigg to talk about his book, Supercommunicators.


    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 animalspirits@thecompoundnews.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. 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


    Live From Miami (EP.404) Mar 19, 2025
    Show notes

    On episode 404 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a bear market in Mag 7 stocks, one of the fastest corrections ever, surveys gaslighting investors, a possible consumer slowdown, more travel stories and email etiquette advice, the best movie cities, and much more!


    This episode is sponsored by YCharts. Sign up today 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 animalspirits@thecompoundnews.com 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


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