We Love to Spend Money (EP.215)

FromAnimal Spirits Podcast

Start listening View podcast show

We Love to Spend Money (EP.215)

FromAnimal Spirits Podcast

ratings:

Length:

45 minutes

Released:

Jul 28, 2021

Format:

Podcast episode

Description

On this week's show we discuss the insane run in stocks over the last 12 years, what's moving crypto prices lately, when to take profits from a big winner, the shortest recession ever, housing price appreciation slowing down, the Netflix of homebuilding, Robinhood vs. Coinbase and much more.

Released:

Jul 28, 2021

Format:

Podcast episode

Titles in the series (100)

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.

Skip carousel

The Podcast Boot Camp (EP.29): Why market bubbles have nothing to do with ETFs, the multi-millionaire secretary's secret, the massive revenue airline credit cards bring in, the mistakes you want to make as a young investor and much more. by Animal Spirits Podcast
36 min listen
Big MIstakes (EP.32): Michael's new book (Big Mistakes: The Best Investors and Their Worst Investments), how he came up with the idea for the book, where the value & momentum premiums come from, why investing is all about expectations & overreactions, Mary Meeker's new tech de by Animal Spirits Podcast
39 min listen
Animal Spirits Unleashed (EP.01): Both Ben Carlson and Michael Batnick joke that we probably talk to each other more than we talk to our own wives. Michael lives and works in New York while Ben lives and works in Michigan so the two are probably on the phone with each other a minimum of 5 by Animal Spirits Podcast
28 min listen
The More You Pay, The Less You Get (EP.03): We discuss what do in an environment of lower expected future returns, how can investors protect themselves from complacency, what would cause us to sell all of our stocks, and whether reading investing books make you a better investor. We also get Ben’ by Animal Spirits Podcast
27 min listen
Investing is a Game of Relative, Not Absolute Skill (EP.02): We discuss the difference between portfolio managers and portfolio management, Michael’s favorite investment book ever written, how to think about financial television, the amazing run in tech stocks, the future of the asset management business, the psy by Animal Spirits Podcast
26 min listen
Evidence-Based Investing Conference Post-Mortem (EP.04): We reflect on a fun day at the Evidence-Based Investing Conference in New York City with some of our favorite talks, anecdotes, statistics, and quotes. by Animal Spirits Podcast
31 min listen
May Day (EP.08): On today's show, we discuss Jack Bogle's dire warnings for pension funds, why women make better investors than men, how financial advisors can give good advice when their clients ask about Bitcoin and more. by Animal Spirits Podcast
31 min listen
A Random Walk Down Nowhere (EP.07): On today's show, we talk about how life changes in 2017 have impacted our perspective on our finances, discuss the role technology will play in the future of the labor market, the holy grail of an investment process and more. by Animal Spirits Podcast
30 min listen
Horizontal Support (EP.22): Why investing is getting harder over time, why share buybacks get a bad rap, why life insurance is on the decline, two centuries of momentum and much more. by Animal Spirits Podcast
41 min listen
Phony Happiness (EP.17): Why our memories play tricks on us in the markets, the pros & cons of private equity, the permanent portfolio, scary market predictions and more. by Animal Spirits Podcast
39 min listen
The Happiness Smile (EP.10): On today's show we talk about how the new tax reform will impact your paycheck next year, why happiness declines for most people until they hit their 50s, our favorite books, movies & TV shows of 2017, and more. by Animal Spirits Podcast
33 min listen
The Collaborative Podcast (EP.26): Morgan Housel joins this week as guest host to discuss venture capital, annoying finance phrases, Disney vs. Netflix, Tesla, Jeff Bezos and much more. by Animal Spirits Podcast
38 min listen
The Noobwhale (EP.15): On this week's show we discuss the current market sell-off, the hidden risks in alternative investments, why women make better financial decisions than men and much more. by Animal Spirits Podcast
42 min listen
The Melt-Up (EP.12): On this week's show, we discuss the prospects for a melt-up in the stock market, look back at the long history of bubbles in stocks, try to figure out the best investment you can make in 2018 and more. by Animal Spirits Podcast
27 min listen
Individual Alpha (EP.35): Why household equity allocations are near all-time highs, why Robinhood could be the bank of choice for Millennials, financial planning for inconsistent incomes, 10,000 baby booms retiring every day, perspective on market valuations and much more. by Animal Spirits Podcast
45 min listen
The Meltdown (EP.16): On this week's show, we discuss our thoughts on the market correction, why there's been nowhere to hide from the losses, the narratives surrounding the sell-off and more. by Animal Spirits Podcast
32 min listen
Hedge Fund Myths & Casual Investing Advice (EP.11): On today's show, we discuss what to do if you've been sitting in cash during the bull market, go through Ben's latest portfolio changes, do some myth-busting about hedge funds and more. by Animal Spirits Podcast
36 min listen
Wave Pools and Market Inefficiencies (EP.05): On today's show, we speak about how career risk creates inefficiencies in the market, signs of froth, the Vanguard of alternatives, and ETF price wars. by Animal Spirits Podcast
29 min listen
The Mother of All Credit Bubbles (EP.34): some suggestions Barron's has for Warren Buffett, the latest Howard Marks letter, the "mother of all credit bubbles", why computer programmers should consider moving to the midwest, the source of the investor behavior gap, unrealistic millennial retiremen by Animal Spirits Podcast
43 min listen
Invest Like the Worst (EP.09): On today's show, we discuss some passages from Michael's old trading diary, the reason millennials should be praying for poor market returns, why you should read more fiction and more. by Animal Spirits Podcast
30 min listen
The Healthy Correction (EP.51): The current market correction, the myth of the 401k market floor, the problem with 401k loans, the downfall of Sears, the massive size of the student loan market, what's holding back young homebuyers, value investing in taxi medallions, Amazon wants to kn by Animal Spirits Podcast
34 min listen
Bitcoin, Bubbles & Bananas (EP.06): On today's show, we speak about the meteoric rise in Bitcoin through the lens of human psychology, discuss how difficult it is to break through as an up-and-coming fund manager, and some of the challenges to early retirement. Feel free to shoot us an ema by Animal Spirits Podcast
30 min listen
Brothers from Another Mother (EP.19): How your job should fit into your investing decisions, our thoughts on Jim Cramer, misconceptions about share buybacks and more. by Animal Spirits Podcast
38 min listen
The Closet Indexer (EP.18): Takeaways from the latest Warren Buffett shareholder letter, the potential baby boomer retirement crisis, how millennials should think about retirement and much more. by Animal Spirits Podcast
42 min listen
The Magic Number (EP.21): A possible foray into business TV for Amazon, the most well-connected man in hedge funds, how to lie with surveys, your magic retirement number & much more. by Animal Spirits Podcast
37 min listen
Nobody Wants to Listen to Your Podcast (EP.13): We offer career advice to a young person starting out in finance, discuss our rules for writing effectively, talk about the craziest story we've read on the crypto craze and more. by Animal Spirits Podcast
27 min listen
Goodnight Moon (EP.20): The flash correction in stocks, why most people need financial advice more than investment advice, our children's book recommendations & more. by Animal Spirits Podcast
44 min listen
What It Takes to Be Wealthy (EP.30): The brilliance of John Bogle, how much money people in their 30s should have saved, how different age groups define wealth, thinking outside the box for CalPERS, David Einhorn's struggles, chart crimes, mortgage rates and much more. by Animal Spirits Podcast
41 min listen
Cash on the Sidelines (EP.14): On this week's show we debate whether the Fed has really been punishing savers, take a step back and admire the current bull market, talk about the best black swan hedges and more. by Animal Spirits Podcast
40 min listen
The False Breakdown (EP.24): How to solve the financial literacy issue, the downfall of Bill Ackman & David Einhorn, how much money people think they need to retire, Drew Brees diversifying into diamonds & Much more. by Animal Spirits Podcast
38 min listen

More Episodes from Animal Spirits Podcast

Skip carousel

Bankless & Animal Spirits by Animal Spirits Podcast
61 min listen
Addicted to Trading (EP.364) by Animal Spirits Podcast
56 min listen
Talk Your Book: Utilizing Dividends for Income by Animal Spirits Podcast
30 min listen
The Consumer is Slowing Down (EP.363) by Animal Spirits Podcast
54 min listen
Talk Your Book: Supply and Demand Always Wins by Animal Spirits Podcast
33 min listen
Has the World Gone Crazy? (EP.362) by Animal Spirits Podcast
62 min listen
Talk Your Book: Growth Stage Debt Investing by Animal Spirits Podcast
33 min listen
Wages Are Beating Inflation (EP.361) by Animal Spirits Podcast
57 min listen
Talk Your Book: Higher For Longer by Animal Spirits Podcast
36 min listen
When Will Houses Be Affordable Again? (EP.360) by Animal Spirits Podcast
66 min listen
Talk Your Book: Defining Risk with Structured Protection ETFs by Animal Spirits Podcast
32 min listen
Fighting Inflation (EP.359) by Animal Spirits Podcast
68 min listen
Talk Your Book: Bitcoin Flows by Animal Spirits Podcast
34 min listen
Negative Arbitrage (EP.358) by Animal Spirits Podcast
70 min listen
Talk Your Book: Hedging Your Portfolio with Options by Animal Spirits Podcast
32 min listen
A Healthy Pullback (EP. 357) by Animal Spirits Podcast
58 min listen
Talk Your Book: The Bull Case for India by Animal Spirits Podcast
33 min listen
The Yeah But Bull Market (EP.356) by Animal Spirits Podcast
64 min listen
Talk Your Book: Diversifying Away From the Magnificent 7 by Animal Spirits Podcast
39 min listen
Enjoy the Bull Market While it Lasts (EP.355) by Animal Spirits Podcast
66 min listen
Talk Your Book: Emerging Market Fundamentals by Animal Spirits Podcast
36 min listen
The Never-Ending Travel Boom (EP.354) by Animal Spirits Podcast
62 min listen
Talk Your Book: Preserving Your Capital by Animal Spirits Podcast
44 min listen
The Roaring Twenties (EP.353) by Animal Spirits Podcast
59 min listen
Talk Your Book: Finding a Bottom in China by Animal Spirits Podcast
38 min listen
Talk Your Book: Return Stacking by Animal Spirits Podcast
37 min listen
This is a Good Thing (EP.352) by Animal Spirits Podcast
68 min listen
Talk Your Book: The Mount Rushmore of ETFs by Animal Spirits Podcast
36 min listen
The Richest Country in the World (EP.351) by Animal Spirits Podcast
69 min listen
Talk Your Book: The Bitcoin Halving by Animal Spirits Podcast
38 min listen

Related podcast episodes

Skip carousel

Kraken’s Dan Held on What’s Different About Bitcoin At $10k This Time: Bitcoin is on a 7 week upward trend. Having already smashed through its $9,000 Vegeta memes, it is now inching closer towards $10k. On this episode, @nlw is joined by Kraken’s Dan Held to discuss how bitcoin has changed in a number of... by The Breakdown
26 min listen
BREAKDOWN: Kraken’s Dan Held on What’s Different About Bitcoin at $10K This Time by CoinDesk Podcast Network
26 min listen
BREAKDOWN: The Case for $1M Bitcoin by CoinDesk Podcast Network
11 min listen
BREAKDOWN: Hal Finney’s ‘Bitcoin and Me’ by CoinDesk Podcast Network
9 min listen
BREAKDOWN: Bitcoin and the New Non-Governmental Monetary Reality by CoinDesk Podcast Network
11 min listen
BREAKDOWN: A Point-by-Point Rebuttal of the Most Recent Bitcoin Environmental FUD by CoinDesk Podcast Network
30 min listen
771: Seeing Greene: Getting Into Your First Property is Cheaper Than You Think w/Kristina Smallhorn: You’ve been lied to about affordable housing. Most people will either tell you it’s impossible to buy an affordable home or that those buying affordable homes are outright stupid. The term “affordable” has been correlated with inexperienced buyers getting cheap deals on homes, often ending up in trailer parks or something of the sort. But things have changed. Mortgage rates are at decade highs, home prices tower over what everyday workers can afford, and a new age of affordability is upon us—we’re here to unlock it for you. by BiggerPockets Real Estate Podcast
56 min listen
Adventures in Finance 52 - New Kids on the Blockchain: Inside the Minds of Cryptocurrency Investors: The crypto craze has made dedicated investors and traders out of many people who’ve never before given much thought to finance. What’s driven those people into bitcoin and other tokens, where do they see prices going, and how are they reacting to... by Real Vision: Finance & Investing
66 min listen
Synthetix's Kain Warwick: What it Takes to Scale an Ethereum DeFi Protocol by The Defiant - DeFi Podcast
87 min listen
BREAKDOWN: More Than 1/5th of Surveyed Goldman Sachs Clients Think Bitcoin Will Reach $100,000+ in 12 Months by CoinDesk Podcast Network
11 min listen
BREAKDOWN: How Strong Is Bitcoin’s Push Above $12,000? by CoinDesk Podcast Network
16 min listen
BREAKDOWN: Bitcoin Isn't Acting Like Stocks, Stocks Are Acting Like Bitcoin by CoinDesk Podcast Network
16 min listen
Dan Held and Paul Sztorc: Debating Bitcoin’s Security by The Delphi Podcast
77 min listen
Crypto Update 4/8/22 | What Did Netflix's QuadrigaCX Documentary Get Right and Wrong? by Markets Daily Crypto Roundup
21 min listen
BETTER: Renting Or Flipping? | Episode 98: What’s the better investment: Rental Property or Flipping? Well, the verdict is in from a major real estate data firm. I’m Bryan Ellis. I’ll tell you what that verdict is, and it’s relevance for you,... by Self Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
8 min listen
The rise of the next Coinbase, thanks to Coinbase: For this week’s deep dive Natasha and Alex and Danny wanted to chat crypto. No, not cryptography, but cryptocurrency. The topic has been hot in recent months thanks to Coinbase, recent weeks thanks to the rapid price appreciation in the value of many coins, and in recent days because dogecoin went crazy. Vote for Equity to win a Webby so that our parents are proud! So with our minds tuned to the future of money, and commerce, and content, here's the show's rundown: by Equity
21 min listen
349: Rent vs. Price Relationship, House Prices 1963-Present: Learn the housing price level every year from 1963 to present with an entertaining retrospective - from $18K to $372K. Top takeaways over time: 1) Real estate usually goes up. 2) Real estate does not always go up. Housing rents and prices often... by Get Rich Education
40 min listen
205: Squatters' Rights, Rent Caps, and Blackstone Gets Ready to Buy: Squatters’ rights are quickly being stripped away as more states move to end this widespread illegal occupation of private property. Blackstone predicts real estate prices to “bottom” as they gear up to go on their next homebuying shopping spree. Rent increases get capped for affordable housing, and why doesn’t the American public know about the BILLIONS of dollars in government housing subsidies? It’s another wild week in the housing market, so let’s get you up to speed. In this Headlines Rumble show, we’re pitting the top housing market headlines against each other as we dive deep into the stories that affect real estate investors the most. First, we talk about DeSantis’ war against the squatters, as Florida becomes one of the first states to take action against squatters illegally occupying private property. Next, we discuss the $7.3 billion in housing subsidies that banks receive but AREN’T flowing into homebuy by On The Market
32 min listen
BREAKDOWN: Can Crypto Create Cultural Revolutions? by CoinDesk Podcast Network
29 min listen
340: Do Homeowners Really Build Wealth? - with Daniel Amerman: Your home is a liability, not an asset. That’s according to Robert Kiyosaki. This is because your home takes money out of your pocket every month. An asset puts money into your pocket. Today’s guest, author and economist , has a different... by Get Rich Education
42 min listen
Case Study: Passive Profit of 34% in 4 months | Episode 162: It’s CASE STUDY FRIDAY here at SDI Radio… Get ready for a real, recent example of a deal that’s going to motivate you because it’s REAL and because it’s REPEATABLE. I’m Bryan Ellis. This is episode... by Self Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
7 min listen
a REALLY SEXY Rental Property Deal - a Case Study! | Episode 150: Want to know what a REALLY sexy rental property cash flow deal looks like? I’ll profile one for you right now… and tell you how to find deals like this little jewel for yourself… maybe even this exact property! ... by Self Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
6 min listen
The Buyers are Back - Debbie Bloyd #5707: Summary: Changes in the economy bring about subsequent changes in the housing market, which have been more prominent than ever in the post-pandemic world. Is it possible that we’ve seen the lows and housing is making a comeback? Texas-based mortgage... by Financial Survival Network
18 min listen
166: Multifamily Opportunity, Middle-Class Wins, and Mortgage Rate Relief Arrives: Mortgage rates continue to fall as home buyer demand rises across the nation. We may be back to the times of bidding wars, “rapid appreciation,” and houses going under contract in days. But, most Americans are still sitting on the sidelines, thinking that real estate prices are too expensive to get in. Could this be a huge wealth-building mistake, and will we look back on 2023 prices as times when real estate was “cheap”? We’re back with another correspondents show as Henry, James, and Kathy bring the latest housing market headlines. “But, where’s Dave?” you ask. He’s eating some pad thai, snorkeling, and probably still looking at Fed data, even on his honeymoon. But don’t worry, he’ll be back soon! This time, we’re talking about the HUGE multifamily update that makes buying a multifamily rental property easier than ever before. If you want to get into real estate or try your first house hack, this by On The Market
29 min listen
Why The Housing Bubble Isn't Going to Pop by The Kris Krohn Show
9 min listen
Crypto Update 9/13/21 | Coinbase Vs. SEC by Markets Daily Crypto Roundup
15 min listen
06/30/22: How do you sell the most expensive home in the city?: In 2017, Ken Griffin paid more than $58.5 million for a penthouse in the Gold Coast—the most paid for a home in the Chicago area. What happens to it now that he's leaving town? Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about that and more in this week’s conversation about the local housing market. Plus: Venture investors are in triage mode as possible recession looms, CVS and Rite Aid ration emergency contraceptives as demand surges, Airbnb makes party ban permanent and MBA programs that offer the best return on investment now. by Crain's Daily Gist
38 min listen
1311: “Bitcoin Will Soon Hit $500,000” - Winklevoss Twins: Despite last year’s ‘crypto winter’, Bitcoin Billionaires The Winklevoss Twins still believe that BTC is the trade of the decade which will hit $500K per coin. by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
30 min listen
1415: “Bitcoin Will Soon Hit $500,000” - Winklevoss Twins: Despite last year’s ‘crypto winter’ and the SEC's inaction on a spot Bitcoin ETF, The Winklevoss Twins still believe that Bitcoin is the trade of the decade, heading to $500,000 per coin soon. by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
35 min listen
#831 Bitcoin Market Is In A Trendless Chop w/ Will Clemente by The Pomp Podcast
46 min listen

Discover this podcast and so much more

We Love to Spend Money (EP.215)

We Love to Spend Money (EP.215)

Description

Titles in the series (100)

More Episodes from Animal Spirits Podcast

Related podcast episodes