Animal Spirits Episode 74: Footing the Bill

This week’s Animal Spirits with Michael & Ben is sponsored by YCharts:

Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service.

We discuss:

  • The dreaded yield curve inversion — useful signal or noise?
  • Who’s smarter — the bond market or the Fed?
  • Which generation is in more trouble financially — millennials or boomers?
  • Who ya got — Kahneman vs. Cialdini?
  • Why IPOs are almost always oversubscribed
  • Better investment — real estate or stocks?
  • Bitcoin volume is fake. Do HFTs make stock market volume similarly overstated?
  • New hedge funds vs. old hedge funds
  • Simple vs. complex
  • Behavioral lessons from the blackjack table & much more

Listen here:

Stories mentioned:

Books mentioned:

Charts mentioned:

TV Shows/Movies/Podcasts Mentioned:

  • Catastrophe (Amazon Prime)  – Pretty much the perfect comedy for the streaming era. It’s just 4 seasons with 6 episodes per season and each episode is only 30 minutes a piece. A hilarious and perfect take on marriage and having kids.
  • Green Book – I’m not exactly going out on a limb by recommending the movie that won best picture at the Oscars but I enjoyed this one. Viggo Mortensen and Mahershala Ali were a wonderful duo.
  • Us – Michael came away confused by this new horror movie from Jordan Peele.

Email us at 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:

Please see disclosures here.