Animal Spirits: $35 Trillion Giveaway

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

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

We discuss:

  • Faster markets
  • Why bear markets from high valuations aren’t necessarily worse
  • Robinhood’s S-1 disclosures
  • The benefits of taking a break from social media
  • The pandemic caused a wave of early retirees
  • The coming tidal wave of inheritance money
  • How are so many people so financially secure in Japan?
  • Why do we still have so many tariffs in place?
  • Dispersion in valuations
  • Something I was wrong about
  • The great migration from California to Austin
  • Housing gains are greater now than in the housing bubble
  • Addictive personalities vs. social media
  • Substack is going to create opportunities for young people
  • Some thoughts on The Tomorrow War and more

Listen here:

Stories mentioned:

Books mentioned:

Charts mentioned:

Contact us at with any questions, comments, feedback or recommendations.

Follow us on FacebookInstagram and YouTube.

Find transcripts of every show on the Shuffle app.

Check out our t-shirts, coffee mugs, stickers and other assorted swag here and here.

Subscribe here: