Episodes
Nov. 12, 2025
Is a 50 Year Mortgage a Good Idea? (EP. 438)
On episode 438 of Animal Spirits, Michael Batnick and Ben Carlson discuss the problem with the K-shaped economy narrative, are young people screwed, the...
Nov. 10, 2025
Talk Your Book: Public & Private Opportunities in AI
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Jonathan Shelon, Chi...
Nov. 8, 2025
Talk Your Book: The Two Biggest Stories of the Year: AI & Tariffs
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Ara Kharazian, Economist...
Nov. 5, 2025
Never Go All in on Stocks (EP. 437)
On episode 437 of Animal Spirits, Michael Batnick and Ben Carlson discuss bad breadth, a historical melt-up in tech stocks, the case against an AI bubble, s...
Nov. 3, 2025
Talk Your Book: Emerging Markets Are Back
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Rahul Sharma, Portfolio ...
Nov. 1, 2025
Talk Your Book: Money and Marriage
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Doug and Heather Bonepar...
Oct. 29, 2025
Never Pay Off Your Mortgage (EP. 436)
On episode 436 of Animal Spirits, Michael Batnick and Ben Carlson discuss how behavior drives bull markets, how many companies outperform the S&P 500, bubble pre...
Oct. 27, 2025
Talk Your Book: JP Morgan's Long-Term Capital Market Assumptions
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Gabby Santos, Chief Market S...
Oct. 23, 2025
Talk Your Book: How to Spend With Morgan Housel
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Morgan Housel, author of “ The A...
Oct. 22, 2025
The Zero Dollar Club (EP. 435)
On episode 435 of Animal Spirits, Michael Batnick and Ben Carlson discuss AI bubble indicators, what Jesse Livermore would think about this market, the pros and...
Oct. 20, 2025
Talk Your Book: Value + Momentum: The Best of Both Factors
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Lance Humphrey, head of portfolio ma...
Oct. 18, 2025
Talk Your Book: Investing in Start-Up Equity
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Dave Thornton from Vested to discuss: ab...
Oct. 15, 2025
Did the Market Just Top? (EP. 434)
On episode 434 of Animal Spirits, Michael Batnick and Ben Carlson discuss why it's so difficult to call the top, why earnings matter so much, we were due for a c...
Oct. 13, 2025
Talk Your Book: How Infrastructure Funds Work
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Scott Litman, Managing Director and Port...
Oct. 8, 2025
It Feels Like 1999 (EP. 433)
On episode 433 of Animal Spirits, Michael Batnick and Ben Carlson discuss the melt-up phase of the AI boom, there is a bubble in bubble predictions, no one is g...
Oct. 6, 2025
Talk Your Book: Investing in Public and Private Credit
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Jason Duko, Executive Vice President and Por...
Oct. 1, 2025
Why Retail is Outperforming (EP. 432)
On episode 432 of Animal Spirits, Michael Batnick and Ben Carlson discuss the thing that matters most to for the stock market, why AI is a bubble, inequality in the...
Sept. 29, 2025
Talk Your Book: Investing in the All Weather Strategy
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Matt Bartolini from State Street Investment Mana...
Sept. 24, 2025
A Mania Is Brewing (EP. 431)
On episode 431 of Animal Spirits, Michael Batnick and Ben Carlson discuss bubble behavior from tech CEOs, the AI inflection point, S&P 10,000, panic selling, $7.7 t...
Sept. 22, 2025
Talk Your Book: Making Money When Stocks Are Up or Down
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Graham Day, EVP and CIO of Innovator Capital Managem...
Sept. 17, 2025
How Many People Make $100,000? (EP. 430)
On episode 430 of Animal Spirits, Michael Batnick and Ben Carlson discuss Future Proof, 1990s nostalgia, Oasis, why the stock market doesn't care about the labor market,...
Sept. 15, 2025
Talk Your Book: Investing in Private Credit ETFs and All-Time Highs
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Wes Crill, Senior Client Solutions Director & VP at ...
Sept. 10, 2025
Live from Future Proof 2025 (EP. 429)
On episode 429 of Animal Spirits, Michael Batnick and Ben Carlson reflect on Ritholtz Wealth Management’s evolution from a startup to a mature firm, sharing lessons on clien...
Sept. 8, 2025
Talk Your Book: How Custom Indexing Works
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Ehren J. Stanhope, CFA, Principal, Chief Investment Stra...