The Compound
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/
Author
The Compound
Category
Podcast website
Latest episode
Jul 8, 2026
Where to listen?
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Episodes
Talk Your Book: Anti-Carry 25.06.2021 31:45
On today's show, the guys talk with Paul Kim of Simplify on how to sell vol and not get run over by the proverbial steamroller. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for fut...
Lifestyle Creep (EP.210) 23.06.2021 50:51
On today's show we discuss inflation, why bond yields are falling, getting wrecked in DeFi, fintech's customer service problem, taking a family loan to buy a house, managing the economic boom and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspirit...
Fed Apologists (EP.209) 16.06.2021 52:31
On this week's show we discuss the most underrate innovation of all-time, why the economy is more interesting than the markets, the wild housing market, why more young people may prefer to rent going forward, where have all the movie stars gone and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And...
Talk Your Book: The State of the Housing Market 11.06.2021 37:54
On today's show the guys talk with Logan Mohtashami, lead analyst at Housing Wire. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about...
Permanent Stimulus (EP.208) 09.06.2021 50:43
On this week's show we discuss why crypto is sucking the air out of the room for investor attention, the future of bear markets, the insane cost of building a new home, meme stocks, the impact of stimulus checks, how to spend your money wisely and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And f...
Talk Your Book: The Commodity Supercycle 04.06.2021 33:00
On today's Talk Your Book we spoke with Direxion's Ed Egilinsky about the potential for a commodities supercycle and why it makes sense to be tactical when it comes to commodities exposure. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com wi...
And Then I Got Scammed (EP.207) 02.06.2021 53:00
Description: On this week's show we discuss the king of SPACs, how the internet broke people's brains, Guy Fieri, the promise of crypto, the history of money market funds, how the rent vs. buy dynamic has changed in a hot housing market, Mare of Easttown and more. Learn more about your ad choices. Visit megaphone.fm/adchoices
Listener Mailbag (EP.206) 28.05.2021 43:44
On today's show we answer listener questions on real estate, asset allocation, where to save retirement money, dealing with big gains in individual stocks and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, que...
The Worst Time To Buy a Home (EP.205) 26.05.2021 50:09
On today's show we discuss Tesla vs. Ford, the Robinhood effect, why 24/7 markets make volatility worse, trying to explain what DeFi is, the Frankenstein economy, why this is the worst time ever to be a home buyer, the greatest of Joe Pesci and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel...
A Shortage of Everything (EP.204) 19.05.2021 56:39
On today's show we discuss Elon Musk's crypto tweets, why bitcoin is falling, some context behind the inflation numbers, the weirdest economy ever, why used car prices spiked, what happened to comedies and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at anim...
Growth at a Reasonable Price 14.05.2021 43:28
On today's show, the guys talk with Clay Gardner of Titan, an actively managed investment solution that is trying to disrupt mutual funds. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or id...
Bubbles Are Forever (EP.203) 12.05.2021 50:57
On this week's show we discuss the huge miss in the job's report, why stock market valuations are so hard to use today, why we need to build more houses, the insane spike in lumber prices, the downfall of growth stocks, the most intimidating movie characters of all-time and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investo...
We Should Be in a Bubble (EP.202) 05.05.2021 49:41
On this week's show we discuss the roommate theory, Bill Murray, the massive scale of the 5 big tech stocks, rational vs. irrational bubbles, pros and cons of Robinhood, crypto going off and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gm...
The YOLO Economy (EP.201) 28.04.2021 46:12
On this week's show we discuss the crypto crash, setting return expectations, make life changes because of the pandemic, cynical thinking because of the internet, taxes vs. the stock market and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmai...
The Dumbest Week Ever (EP.200) 21.04.2021 46:33
On this week's show we talk about dogecoin, the crypto crash, money-losing companies, buyers of second homes, why 2008 broke so many brains, a shortage of homeowners, a new idea for Airbnb and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail...
A Shortage of Workers (EP.199) 14.04.2021 45:58
On today's show we discuss housing bubble talk, huge fund inflows into stocks, gains for the bottom 50%, shortages, inflation and investing in collectibles. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recomme...
Listener Mailbag 09.04.2021 43:43
On today's Animal Spirits, Michael and Ben answer listener questions. Everything from personal finance to real estate to investments, and everything in-between. Keep the emails coming! Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any...
Housing Bubble 2.0? 07.04.2021 53:33
On today's show we discuss the rise in Gen Z traders, how retail investors are impacting the market, the 4 types of Robinhood traders, the dependability of market cycles, going from being a saver to being a spender and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email...
The Active Management Resurgence (EP.197) 31.03.2021 54:19
On today's show we discuss the most bullish thing about the stock market right now, the catalyst for value beating growth, when the smart money is really dumb, the relationship between inflation and wealth inequality, the best time ever to found a start-up and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on F...
Talk Your Book: Investing in the Gig Economy 26.03.2021 30:55
On today's Talk Your Book we speak with David Dziekanski, portfolio manager for the SoFi Gig Economy ETF. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversatio...
An Affordability Crisis (EP.196) 24.03.2021 55:19
On today's show we discuss rising real estate prices, how the work from home trend could impact housing, working at Goldman Sachs, the income required to be considered rich, benchmarking your retirement savings to your peers and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot u...
Talk Your Book: The Case for Emerging Markets 19.03.2021 37:55
On today's Talk Your Book we spoke with Nick Niziolek from Calamos Investments about the potential for emerging markets in the coming years. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or i...
Super Bullish (EP.195) 17.03.2021 49:04
On this week's show we talk about taking cash out of your house, the coming economic boom, why the Fed isn't printing as much money as you think, Beeple's $69 million NFT, why commodities aren't setting up for a supercycle, and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot...
Talk Your Book: Investing in Freedom 12.03.2021 25:45
On today's show we speak with Perth Tolle of Life + Liberty Indexes about freedom as an investment factor. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversat...
The Recession is Over (EP.194) 10.03.2021 48:04
On this week's show we discuss the wreckage in growth stocks, the outperformance of value, what the massive fiscal stimulus plan means for the economy, the inflation worry, the enemy of ARK, comedy sequels and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at ani...
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