Animal Spirits Episode 77: Money Made By Chance

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:

  • Why dividends don’t matter as much as they used to for the stock market
  • The guy who bet $85k to win $1.2 million on Tiger winning the Masters
  • How it feels when someone other than you gets lucky in the markets
  • Ray Dalio’s plan to save capitalism
  • Are we really worse off than previous generations?
  • Investing in college grads
  • How do advisors spend their time?
  • Is Amazon really taking over the retail sector?
  • How voice technology could make us screen-less in the future
  • The perfect set-up for the blogger of the future
  • Disney Plus is going to be huge
  • Why didn’t the bull market help pensions more?
  • Why we need more house flippers
  • Where and when active management works
  • When the real world throws a wrench in your investment plan
  • When is the right time to meet with a financial advisor?
  • The new personal finance czar
  • A bad take for everything and much more

Listen here:

Stories mentioned:

Books mentioned:

Charts mentioned:

TV Shows/Movies/Podcasts Mentioned:

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

Follow us on Facebook and Instagram

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.