Animal Spirits Episode 70: The Rich Man’s Disease

On this week’s Animal Spirits with Michael & Ben we discuss:

  • The meaning of work
  • Why working more is making Americans miserable
  • Smartphone addiction
  • Warren Buffett’s latest shareholder letter
  • Does Buffett make it sound too easy?
  • The greatest investor you’ve never heard of
  • The insane rally in the stock market
  • What matters more — performance or fees?
  • Upside potential in retirement
  • More surveys that don’t make any sense
  • Why would someone buy a CD yielding 2%?
  • How much inheritance should young people expect?
  • What comes first — the blog post or the title?
  • Why are people so passionate about brunch?
  • Things that annoy us, my True Detective review and much more.

Listen here:

Stories mentioned:

Books mentioned:

  • The Power of Habit by Charles Duhigg
  • The Match King by Frank Portnoy

Charts mentioned:

Shows/Movies/Podcasts Mentioned:

  • True Detective Season 3 — The first episode sucked me in but it took 4-5 episodes from there for anything else to happen. A decent twist ending in the finale but not good enough to make up for a relatively boring plot (I probably would have given up a lot sooner if it wasn’t for Mahershala Ali’s wonderful acting). I give it a 5.5 out of 10.

And be sure to check out our Wealth/Stack Conference page for our new event in September:

Email us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.

Follow us on Facebook.

Subscribe here:

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.