Episodes
Oct. 23, 2024
The Envy of the World (EP.383)
On episode 383 of Animal Spirits, Michael Batnick and Ben Carlson discuss: stock market return expectations for the next decade, why there's no euphoria, Nvidia is a unicorn, the American economy is unstoppable, millennials a...
Oct. 21, 2024
Talk Your Book: Factor Investing with Dimensional Fund Advisors
On today's show, we are joined by Rob Harvey, Co-Head of Product Specialists at Dimensional Fund Advisors to discuss how DFA separates itself as an asset manager, details around converting a mutual fund to an ETF, how DFA han...
Oct. 16, 2024
The 1990s Really Were Better (EP.382)
On today's show we discuss an unbelievable run for the stock market, diversification vs. hedging, an unprecedented surge in household wealth, the new normal of negativity, some nostalgia for the 1990s, the stock market doesn'...
Oct. 14, 2024
Talk Your Book: Yield at What Cost?
On today's show, we are joined by Jonathan Molchan, Managing Partner at STF Management to discuss how the trend following rules work, issues with traditional call option writing strategies, trend following performance through...
Oct. 9, 2024
Money Buys Happiness (EP.381)
On episode 381 of Animal Spirits, Michael Batnick and Ben Carlson discuss: calling a top in the stock market, why people don't trust data, the economy is still fine, why yields are rising in a rate cutting environment, a bigg...
Oct. 7, 2024
Talk Your Book: Private Equity Deals with Ted Seides
On today's show, we are joined by Ted Seides, founder of Capital Allocators to discuss his new book, Private Equity Deals: Lessons in investing, dealmaking, and operations from private equity professionals . Thanks to Public ...
Oct. 2, 2024
The Most Bullish Backdrop (EP.380)
On episode 380 the biggest risk to the real estate market, why bull markets are different today, gold & stocks both hitting ATHs, the US economy is sitting pretty, wearable AI glasses, bullish housing demographics, Michael's ...
Sept. 30, 2024
Talk Your Book: The Next Catalyst for Crypto Assets
On today's show, we are joined by Chris Kuiper, Director of Research, and Matt Horne, Head of Digital Asset Strategists for Fidelity Digital Assets to discuss narratives surrounding ETH and BTC, use cases around ETH, how advi...
Sept. 25, 2024
Are You Middle Class? (EP.379)
On episode 379 of Animal Spirits, Michael Batnick and Ben Carlson discuss: our experience at Future Proof, melt-up possibilities in the stock market, what's left for ETFs, how many people are actually in the middle class, the...
Sept. 24, 2024
Talk Your Book: Opportunities in Commercial Real Estate
On today's show, we are joined by Richard Byrne, President of Benefit Street Partners to discuss the chaos within the commercial office space sector, the opportunity for commercial real estate, what separates one asset manage...
Sept. 18, 2024
The Michael & Ben Origin Story (EP.378)
On episode 378 of Animal Spirits, Michael Batnick and Ben Carlson discuss: how Ben got started in the industry and eventually arrived at Ritholtz Wealth Management, the best movies to watch on an airplane, and more! This epis...
Sept. 16, 2024
Talk Your Book: Investing in Free Cash Flow
On today's show, we spoke with Michael Mack, Associate Portfolio Manager for Victory Capital to discuss how to calculate free cash flow, if the Mag 7 would have shown up on a free cash flow screen, avoiding value traps, secto...
Sept. 11, 2024
When Your Friends Are Richer Than You (EP.377)
On episode 377 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a bad week for the stock market, why foreign stocks are so cheap, the state of America's wallet, the coming HELOC boom, the finances of Only Fans, how...
Sept. 9, 2024
Talk Your Book: Dividend Stocks are Cheap
On today's show, we spoke with Jennifer Chang, Portfolio Manager and Executive Director for Schafer Cullen to discuss utilizing active management within dividend strategies, how dividend stocks are affected by rising rates, h...
Sept. 4, 2024
Founder Mode (EP.376)
On episode 376 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Josh Brown's new book, an excellent year for investors, how bullish investors are, a new record high in 401k millionaires, efficient markets, the nost...
Sept. 2, 2024
Talk Your Book: Balancing Risk and Yield
On today's show, we are joined by Priya Misra, Portfolio Manager for the JPMorgan Core Plus Bond ETF to discuss why private credit has gotten so popular, where corporate bond spreads are today, high quality companies within t...
Aug. 28, 2024
What is Wealth?
On episode 375 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Jerome Powell's speech at Jackson Hole, Nvidia millionaires, financial voices you can safely ignore, housing affordability, what it takes to be consid...
Aug. 26, 2024
Talk Your Book: Finding Small Cap Diamonds in the Rough
On today's show, we spoke with Brandon Nelson, Senior Portfolio Manager for Calamos to discuss Calamos' favorite small cap sectors, why small caps have flown under the radar, understanding the relationship between momentum an...
Aug. 24, 2024
Talk Your Book: Alt Goes Mainstream with Michael Sidgmore
On today's show, we are joined by Michael Sidgmore, Partner and Co-Founder of Broadhaven Ventures to discuss all things Alternatives, how that world has changed in recent years, why financial advisors in the RIA channel is su...
Aug. 21, 2024
Inflation or Price Gouging? (EP.374)
On episode 374 of Animal Spirits, Michael Batnick and Ben Carlson discuss: what an average year in the stock market looks like, Seinfeld on consumers, why inflation is such a tricky concept, millennials are richer than you th...
Aug. 19, 2024
Talk Your Book: Quality Growth Investing
On today's show, we are joined by Kevin Walkush, Portfolio Manager at Jensen Investment Management to discuss what quality means to Jensen, why META was removed from the portfolio, thoughts on AI and tech bubbles, the most ex...
Aug. 14, 2024
Boomers vs. Millennials (EP.373)
On episode 373 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a history of stock market flash crashes, the end of the travel boom, why the economy is finally softening, how to predict a recession, how many househ...
Aug. 12, 2024
Talk Your Book: Back to the Futures Market
On today's show, we are joined by Jerry Prior III, COO & Senior Portfolio Manager of Mount Lucas Management to discuss what managed futures are, how portfolios can benefit from them, how managed futures are handling the Japan...
Aug. 7, 2024
Flash Crash or Recession? (AS.372)
On episode 372 of Animal Spirits, Michael Batnick and Ben Carlson discuss: market mayhem, Japan's 1987 crash moment, Jerome Powell's legacy game at Jackson Hole, recession worries, the worst asset class for the next decade, t...