On episode 385 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Warren Buffett's massive cash pile, the performance of the average stock this year, the Polymarket whale, markets in everything, Twitter replies now and then, the cost of college is going down, Bitcoin is still king, private equity in targetdate funds, politics vs. investing…

On today's show, we are joined by Nate Conrad, Head of LifeX at Stone Ridge Asset Management to discuss how longevity income ETFs work, what LifeX is actually investing in, why matching spending with investment products is important, understanding the inflation adjustment for inflation protected income funds, declining LifeX fees over time, and muc…

On episode 384 of Animal Spirits, Michael Batnick and Ben Carlson discuss: changing narratives in the markets, why interest rates are rising, why you should never take macro advice from hedge fund managers, why the S&P 500 is so hard to beat, living paycheck-to-paycheck on $150k, why the 2020s inflation was so painful, 7% mortgage rates, the downsi…

On today's show, we are joined by Jared Dillian, Founder of Jared Dillian Money to discuss Jared's bearishness on private equity, understanding the demand side of private equity, a private equity sentiment bubble, an explosion of HVAC private equity deals, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sens…

On today's show we talk with Seth Godin about his new book, This is Strategy, along with why everyone is in sales, how to produce good content, how to define your audience, how to avoid procrastination, marketing for introverts and much more. Thanks to Wealthbox for sponsoring this episode! Wealthbox® is a CRM platform for financial advisors. Integ…

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 are richer than expected, sports gambling is coming for ETFs, how to buy a house right now, Netflix won, coaching youth sports…

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 handled the meme stock craze, value vs growth, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of…

On episode 382 of Animal Spirits, Michael Batnick and Ben Carlson 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't care who the president is, 100% yields, when to ask for an early inheritanc…

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 different cycles, and much more. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Bat…

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 bigger innovation than AI, the impact of climate change on the housing market, a nation of trucks, how money actually does buy ha…

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 for sponsoring this episode! Visit: http://public.com/compound and discover how you can lock in a 6+% yield until 2028. Find c…

On episode 380 of Animal Spirits, Michael Batnick and Ben Carlson discuss: 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 favorite horror movies, and much more! This episode is sponsored …

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 advisors can work with Fidelity utilizing digital assets, decreasing volatility in crypto, and much more! Find complete show note…

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 death of the minivan, housing prices vs. demographics, cutting the cord, why Twitter is getting worse, and much more! This e…

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 debt, what separates one asset manager from another, how real estate lending works, and much more! Find complete show notes on our blogs... Ben Carlson’s A W…

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 episode was filmed in front of a live audience at the Future Proof festival in Huntington Beach, CA on 9/17/24. This episode is s…

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, sector exposure within high free cash flow strategies, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wea…

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 to become a millionaire, next week's live Animal Spirits from Future Proof, and much more! This episode is sponsored by Jens…

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, how Schafer's call writing strategy differs from other popular income strategies, tax optimizing income strategies, and much m…

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 nostalgia premium, inflation at the arcade, the wait-and-see housing market, the stresses of being a parent, drinking at the movi…

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 the high yield category, what a soft landing means for interest rates, and much more! Find complete show notes on our blogs...…

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 considered wealthy, every generation thinks they have it bad, Michael's college transcript, and much more! This episode is sponsore…

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 and fundamentals, profitability of small cap stocks, and much more! Find complete show notes on our blogs... Ben Carlson’s A We…

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 such a big opportunity for alternative investments, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wea…

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 think, grocery stores are not the enemy, star fund managers, how demographics will help the housing market, sending your kids a…