Animal Spirits Episode 16: The Meltdown

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

  • Our thoughts on the market correction.
  • What happens when there’s nowhere to hide and correlations go to one.
  • What we personally did, if anything, during last week’s sell-off.
  • The countless reasons everyone is giving for the latest downturn.
  • Why managed futures had such a poor showing in this correction.
  • The untested majority of young fund managers.
  • The momentum crash.
  • How “passive” investors fared last week.
  • Why millennials should hope these losses continue.
  • Where all those hedge fund fees really go and more.

Listen here:

Stories discussed:

Books discussed:

Charts discussed:

Email us at with any feedback, recommendations, or questions.

Subscribe here: