Episodes

There's No Crying in Crypto (EP.229)
Nov. 3, 2021

There's No Crying in Crypto (EP.229)

On today's show we discuss the impact of rising rates on the stock market, Shibu Inu, the different levels of FOMO, parallels to the tech bubble, why everything we learned in business school is now worthless and much more. Find complete shownotes on...
Talk Your Book: Real World Betting Markets
Nov. 1, 2021

Talk Your Book: Real World Betting Markets

We spoke with Kalshi founder Tarek Mansour about betting on the outcomes of real-world events. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at animalspiritspod@gmail.com...
Hyperinflation, It's Happening (EP.228)
Oct. 27, 2021

Hyperinflation, It's Happening (EP.228)

On today's Animal Spirits we discuss worrying too much about the markets, Tesla's impressive performance, inequality in the stock market, trying to explain crypto to civilians, Jack the macro tourist, Dune and much more. Find complete shownotes on our...
Talk Your Book: How to Use Thematic ETFs
Oct. 25, 2021

Talk Your Book: How to Use Thematic ETFs

On this edition of Talk Your Book we spoke with Dave Mazza from Direxion about investing in WFH stocks, moonshots and the hydrogen economy. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to...
It Wasn't Transitory (EP.227)
Oct. 20, 2021

It Wasn't Transitory (EP.227)

On this week's show we discuss the new bitcoin ETF, higher than expected inflation, a positive spin on the supply chain issues, a record number of people quitting their job, the boom in consumer spending and more. Find complete shownotes on our...
Talk Your Book: Finding Growth Stocks Around the Globe
Oct. 18, 2021

Talk Your Book: Finding Growth Stocks Around the Globe

On today's Talk Your Book we spoke with Rob Forker of Polen Capital about investing in international small cap growth companies. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an...
The 24/7 Stock Market (EP.226)
Oct. 13, 2021

The 24/7 Stock Market (EP.226)

On today's show we talk about supply chain issues, why millennials don't drive minivans, what constitutes being rich, net worth by age, my favorite Tom Hanks movie, the difference between housing affordability and the right time to buy a house and...
Unaffordable Housing (EP.225)
Oct. 6, 2021

Unaffordable Housing (EP.225)

On this week's show we discuss supply chain problems, buying Christmas presents early, why progress requires inflation, investors have been spoiled, housing affordability in the United States, Zillow's problems buying houses, Squid Game and much more....
Listener Mailbag
Oct. 4, 2021

Listener Mailbag

On today's show we answer listener questions about inflation, commodities, refinancing, investing in gold, how to network when finding a job and much more. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And...
Richer Than Ever (EP.224)
Sept. 29, 2021

Richer Than Ever (EP.224)

On today's show we discuss Rich Dad Poor Dad, why bailouts are here to stay, Cathy Wood really likes treasuries, sports gambling hits the mainstream, options are enormous, how much it costs for a down payment and much more. Find complete shownotes on...
Talk Your Book: Accelerating Your Returns
Sept. 27, 2021

Talk Your Book: Accelerating Your Returns

On today's Talk Your Book we spoke once again with Bruce Bond of Innovator ETFs about defined outcome investing. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at with any...
Probably Not The Next Lehman (EP.223)
Sept. 22, 2021

Probably Not The Next Lehman (EP.223)

On this week's show we discuss the newest market crisis du jour, what's holding down bond yields, the crypto narrative that doesn't hold water, America's day care system is broken and much more. Find complete shownotes on our blogs... Ben Carlson’s ...
Talk Your Book: The Fabric of Risk
Sept. 20, 2021

Talk Your Book: The Fabric of Risk

On today's Talk Your Book we spoke with Rick Bookstaber of Fabric Risk about how advisors and their clients should approach the concept of risk in their financial plans. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s ...
The Crypto Gateway Drug (EP.222)
Sept. 15, 2021

The Crypto Gateway Drug (EP.222)

On today's show we discuss the problem with historical analogs in finance, the biggest stocks in the stock market, why financial manias persist, why stablecoins earn such high rates of interest, the education gap between men and women, why U.S. home...
Talk Your Book: An Alternative to Low Bond Yields
Sept. 13, 2021

Talk Your Book: An Alternative to Low Bond Yields

On today's Talk Your Book, we spoke with David Lau of DPL Financial Partners about all things annuities and how they can help advisors in a low interest rate world. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us...
Interest Rates Are Never Going Up Again (EP.221)
Sept. 8, 2021

Interest Rates Are Never Going Up Again (EP.221)

On today's show we discuss the early days of this podcast, Ray Dalio's performance issues, how wealth and demographics are impacting interest rates, why bitcoin matters, Ben's week with Covid and more. Find complete shownotes on our blogs... Ben...
Talk Your Book: Insourced CIO
Sept. 6, 2021

Talk Your Book: Insourced CIO

On today's Talk Your Book we spoke with Helios CEO Chris Shuba about estate planning and investment services for financial advisors. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us...
The Big Long (EP.220)
Sept. 1, 2021

The Big Long (EP.220)

On today's show we discuss a Covid outbreak for Ben, the shifting risk appetite for young people, getting rich overnight has never been easier, why money supply is not inflation, the labor shortage hitting close to home and more. Find complete...
Listener Mailbag
Aug. 30, 2021

Listener Mailbag

On today's episode, the guys are back with another episode of listener questions. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at with any feedback, questions,...
How to Crush a Job Interview (EP.219)
Aug. 25, 2021

How to Crush a Job Interview (EP.219)

On today's show we discuss the pros and cons of the CFA, tales of Michael's old job interviews, seeing both sides of the NFT boom, why moving money in crypto is still so complex, people working two jobs remotely, why we're taking money out of our...
Talk Your Book: Bring Your Own Deal
Aug. 23, 2021

Talk Your Book: Bring Your Own Deal

On today's Talk Your Book we spoke with Rocket Dollar CEO Henry about self-directed IRAs.   Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at with any feedback,...
Ben Turns 40 (EP.218)
Aug. 18, 2021

Ben Turns 40 (EP.218)

On this week's show we discuss direct-listed IPO performance, the scorching hot NFT market, Ben's milestone birthday, transitory inflation signals, shortages in the economy, the relativity of rich and much more. Find complete shownotes on our blogs......
Did Bitcoin Kill Gold? (EP.217)
Aug. 11, 2021

Did Bitcoin Kill Gold? (EP.217)

On today's show we discuss investors behaving better, meme stock pushback, what is wrong with gold, why crypto isn't crashing despite more regulation, canceling student loan interest, Michael's trip to the casino and more. Find complete shownotes on...
Talk Your Book: Investing in Dual Impact ETFs
Aug. 9, 2021

Talk Your Book: Investing in Dual Impact ETFs

On today's Talk Your Book we spoke with Wendy Wong of New York Life Investments about investing to fight heart disease. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at ...