Animal Spirits is a weekly podcast where I get together with my friend and colleague Michael Batnick to discuss what we’ve been reading, researching, writing, watching, listening to, and thinking about. We talk about all things financial markets, personal finance, our favorite books, movies, and TV shows, parenting, the asset management business and more. Our goal is to make finance more accessible, speak in plain English, and share our own personal experiences in the markets.
Email us at animalspirits@thecompoundnews.com with any feedback, recommendations, or questions.
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Episode List
We Have to Talk About Sports Betting
Talk Your Book: Investing in High Yield Munis
Talk Your Book: Where to Find Higher Dividend Yields
Talk Your Book: Valuation Matters
Talk Your Book: Investing in Goldminers
Talk Your Book: The Nasdaq 100 of Crypto
Is Financial Education Working?
Winners & Losers From the Stock Market Rally
Talk Your Book: Will China Win the Trade War?
There Will Never Be Another Warren Buffett
Talk Your Book: The CLO Playbook
The Most Confusing Rally of All Time
Talk Your Book: Equal Weight Investing
Talk Your Book: Interest Rates Go Kablooey
The Stock Market Crashed — Now What?
Talk Your Book: International Stocks Are So Hot Right Now
Talk Your Book: Floating Rate Income
Talk Your Book: A Better Money Market Fund
Talk Your Book: How Private Credit Works
Talk Your Book: A Better 60/40 Portfolio
Talk Your Book: Custom Portfolio Protection
Talk Your Book: The State of Real Estate
Talk Your Book: A Short History of the Nasdaq 100
Talk Your Book: How to Eliminate Negative Alpha
Talk Your Book: Bitcoin For Everyone
Talk Your Book: The Private Credit Opportunity Set
Talk Your Book: 3 Reasons to Buy Bonds
Talk Your Book: Moneyball Meets Private Equity
Talk Your Book: Direct-to-Consumer Venture Capital
Talk Your Book: Conviction in Growth Investing
Talk Your Book: Looking For the Next NVDA
Talk Your Book: Buy Low, Sell High in China
Talk Your Book: Matching Longs with Shorts
Talk Your Book: JP Morgan’s Guide to ETFs
Talk Your Book: Animal Spirits Live
Talk Your Book: Investors Love Cashflow
Talk Your Book: Infrastructure Investing
A Once in a Lifetime Investment Opportunity
Talk Your Book: Longevity Income
The Cost of the American Dream
Talk Your Book: The Next Big Short
Talk Your Book: Factor Investing with Dimensional Fund Advisors
Talk Your Book: Yield at What Cost?
Talk Your Book: Private Equity Deals with Ted Seides
Talk Your Book: The Next Catalyst For Crypto Assets
Talk Your Book: Opportunities in Commercial Real Estate
The Michael & Ben Origin Story
Talk Your Book: Investing in Free Cash Flow
When Your Friends Are Richer Than You Are
Talk Your Book: Dividend Stocks Are Cheap
Talk Your Book: Balancing Risk & Yield
Talk Your Book: Finding Small Cap Diamonds in the Rough
Talk Your Book: Alt Goes Mainstream with Michael Sidgmore
Talk Your Book: Quality Growth Investing
Talk Your Book: Back to the Futures Market
Talk Your Book: The Housing Market with Mike Simonsen
Talk Your Book: Investing in Blackrock’s Mega Forces
Talk Your Book: Investing in Corporate Culture
Talk Your Book: Trend Following with Eric Crittenden
Buying a House at the Top of the Market
Talk Your Book: Public and Private Credit Opportunities
Talk Your Book: Why We Don’t Build Enough Houses
Talk Your Book: Income Outcome Investing
Talk Your Book: Growth Stock Concentration
Talk Your Book: A $20 Trillion Opportunity
Talk Your Book: Utilizing Dividends For Income
Talk Your Book: Supply & Demand Always Wins
Talk Your Book: Growth Stage Investing
Talk Your Book: Higher For Longer
When Will Houses Be Affordable Again?
Talk Your Book: Defined Protection with Strtured Protection ETFs
Talk Your Book: Hedging Your Portfolio with Options
Talk Your Book: The Bull Case For India
Talk Your Book: Diversifying Away From the Magnificent 7
Enjoy the Bull Market While it Lasts
Talk Your Book: Emerging Market Fundamentals
Talk Your Book: Preserving Your Capital
Talk Your Book: Finding a Bottom in China
Talk Your Book: The Mount Rushmore of ETFs
The Richest Country in the World
Talk Your Book: The Bitcoin Halving
Things Are Getting Stupid Again
Talk Your Book: Private Investing For Fiduciaries
Talk Your Book: Investing in Income
Talk Your Book: Putting a Floor on the Nasdaq 100
Talk Your Book: Talking Bonds at the New York Stock Exchange
Talk Your Book: Investing in Infrastructure
Talk Your Book: What’s Going on in the Bond Market?
Talk Your Book: Live at Farmcon
Talk Your Book: Building Portfolios with AI
What Will Perform Best in 2024?
Talk Your Book: International Growth Investing
The Most Crowded Trade on Wall Street
Talk Your Book: What is Private Credit?
Talk Your Book: The Companies Are Fine
Talk Your Book: High Prices Kill High Prices
Talk Your Book: Strategic Income
Talk Your Book: Bitcoin Fundamentals
Talk Your Book: Betting on Duration
The Biggest Rug Pull of Our Lives
Talk Your Book: Investing in Luxury
Talk Your Book: Equities with Guardrails
Talk Your Book: The State of Venture Capital
Talk Your Book: The All-In-One Home Equity Loan
Talk Your Book: Investing in Music
Talk Your Book: Compounding Machine
Talk Your Book: Where Leverage Comes From
Americans Love Borrowing Money
Talk Your Book: Customizing Alternatives
Talk Your Book: The Macro Case For Crypto
Talk Your Book: Need to Have Cars with Car Dealership Guy
The Market Cap of Taylor Swift
Are You on Track For Retirement?
Talk Your Book: The Largest Active ETF
Talk Your Book: Customizing Your Assets
Talk Your Book: Large Cap Alpha
Talk Your Book: Compounding with Concentrated Portfolios
Talk Your Book: 100% Downside Protection
Talk Your Book: Future Proof Festival
Talk Your Book: The Impact of a Bitcoin ETF
Is the Housing Correction Over?
Talk Your Book: Optimizing Your Credit Card Points
Talk Your Book: Advisor Best Practices
Why Are Housing Prices so Expensive?
Talk Your Book: Internet Stocks with Income
Talk Your Book: The Electrification of America
Talk Your Book: Investing in Treasuries During a Debt Crisis
Talk Your Book: Upside and Downside Customization For Your Portfolio
Living a Rich Life with Ramit Sethi
Talk Your Book: Streamlining Alternative Investments
Talk Your Book: Fidelity Digital Assets Mailbag
Talk Your Book: CLOs – The Providers of Leverage
Millennials Will Buy All the Stocks
Talk Your Book: Diversify Your Diversifiers
Talk Your Book: Hidden Pricing Power
Talk Your Book: Defining the Downside
Talk Your Book: No Bank Runs in Commercial Real Estate
Talk Your Book: Car Dealership Guy
Talk Your Book: Start-Ups in a Crisis
Talk Your Book: How to Buy Treasuries
Talk Your Book: The Carrying Cost of Crazy
How Much Do You Need to Make to be Rich?
Talk Your Book: A Bull Market in Tickers
Talk Your Book: Lifetime Income
Are Bonds Competition For Stocks?
Talk Your Book: The “Tech Heavy” Nasdaq
Talk Your Book: Investing in High Quality Growth
When Money Becomes a Liability
Talk Your Book: Bitcoin Doesn’t Know Its Price
Talk Your Book: The Prophet of Capital Preservation
Talk Your Book: The Long & Short of Commodities
Is the Stock Market Getting Ahead of Itself?
Talk Your Book: The Biggest Short Squeeze of All Time
Is a Soft Landing Inflationary?
Talk Your Book: Investing in Fallen Angels
Talk Your Book: What Makes an Index Fund Work
Talk Your Book: The Rise of Thematic Investing
Talk Your Book: The Opposite of ESG
Talk Your Book: An Update on Private Markets
Talk Your Book: The Buy-Write Strategy
Talk Your Book: Checking in on Buffered ETFs
Talk Your Book: Zillow For Farmland
Talk Your Book: Doubling Down on Crypto
Talk Your Book: It’s Good to be the Bank
Talk Your Book: Breaking the Housing Market
Talk Your Book: Investing in Private Credit
Talk Your Book: Investing in Science Fiction
Powell Wants You to Lose Your Job
Talk Your Book: I Need to Do Some Hedging Trades
Talk Your Book: Portfolio Premortem
Animal Spirits: Live From Future Proof
Talk Your Book: Single Stock ETFs
Talk Your Book: Fixing Fixed Income
Talk Your Book: Interest Rates & Volatility
Talk Your Book: Investing in China
Talk Your Book: Choose Your Own Investments
Talk Your Book: Looking Back at the Crypto Meltdown
Talk Your Book: Investing in Whiskey & Wine
Talk Your Book: Real Estate and Innovation
Talk Your Book: The State of Commodities
Talk Your Book: The State of Venture Capital
The Pandemic Broke the Economy
Talk Your Book: The Bull Market in Stupidity
Are We Sure a Recession is Coming?
Talk Your Book: Expanding Access to Private Markets
Talk Your Book: A New Way to Invest in Real Estate
Talk Your Book: High Quality Growth Stocks
Talk Your Book: Hedging the Different Types of Inflation
Talk Your Book: Investing in Single Family Homes
The Most Obvious Recession Ever
Talk Your Book: Locking in Higher Yields on Your Portfolio
The End of V-Shaped Recoveries
Talk Your Book: Rethinking the 4% Rule
Talk Your Book: Investing in Human Capital
Talk Your Book: When Will the Housing Market Normalize?
Talk Your Book: The Financial Advisor’s Cheat Code
Talk Your Book: Investing in mRNA Technology
Tighten Until Something Breaks
Talk Your Book: Protecting the Downside
Can the Market Cause a Recession?
Is a Recession Bullish For Tech Stocks?
Talk Your Book: A 7 Trillion Dollar Opportunity
Talk Your Book: The Craziest Commodities Market Ever
The Financial Rails of the Future
Talk Your Book: Farming with Factors
The Craziest Housing Market Ever
Talk Your Book: Managing Risk Like an Actuary
Talk Your Book: Accessing Commercial Real Estate
Talk Your Book: Disruption as an Asset Class
Talk Your Book: Reinventing the American Dream
Talk Your Book: Where to Find Yield on Your Cash
25 Million New Brokerage Accounts
Talk Your Book: Investing in Sustainability
Talk Your Book: Options Are Eating the Stock Market
Why the Bull Market Could Last a Lot Longer
Talk Your Book: Massive ETF Inflows
Talk Your Book: Investing in Carbon Allowances
Talk Your Book: Buying a Picasso
Talk Your Book: Down with Title Insurance
Housing Prices Are Still Too Low
Talk Your Book: The DAO of DeFi Index Funds
Talk Your Book: Where to Save For Your Down Payment
Talk Your Book: Why Annuities Have Higher Yields Than Bonds
Talk Your Book: Real-Time Betting Markets
Hyperinflation, It’s Happening
Talk Your Book: How to Use Thematic ETFs
Talk Your Book: Finding Growth Stocks Around the Globe
Talk Your Book: Investing in Real Estate Alongside Harvard
Talk Your Book: Accelerating Your Returns
Talk Your Book: The Fabric of Risk
Talk Your Book: An Alternative to Low Bond Yields
Interest Rates Are Never Going Up Again
Talk Your Book: Bring Your Own Deal
Talk Your Book: Investing in Dual Impact ETFs
We Were Both Wrong About Robinhood
Talk Your Book: The Netflix of Homebuilders
Talk Your Book: Invest by Avoiding Losers
Talk Your Book: Investing in High Quality Growth Stocks
Talk Your Book: High Yield Real Estate
The State of the Housing Market
Talk Your Book: The Commodities Supercycle
Talk Your Book: Listener Mailbag
Talk Your Book: The Case For Investing in Farmland
Talk Your Book: Growth at a Reasonable Price
Talk Your Book: The Sports Memorabilia Boom
Talk Your Book: Why the Real Estate Bull is Just Getting Started
Talk Your Book: The Psychology of Investing in Bitcoin
The Active Management Resurgence
Talk Your Book: Investing in the Gig Economy
Talk Your Book: The Case For Emerging Markets
Talk Your Book: Investing in Freedom
Talk Your Book: The Most Ambitious ETFs
Talk Your Book: Investing in Moonshots
Talk Your Book: Madness of the Crowds
Talk Your Book: Commission-Free Insurance
Talk Your Book: Investing in Fixed Income
Talk Your Book: Investing in Real Estate with Fundrise
Talk Your Book: Momentum Investing with Joe Terranova
Never Stop Buying Lottery Tickets
How to Start Your Financial Life
Talk Your Book: The Structured Marketplace
Talk Your Book: Investing in Bitcoin
Talk Your Book: Direct Indexing
Talk Your Book: But What Happens Tomorrow?
Farmland for the Modern Investor
Talk Your Book: Is the Fed Too Entrenched?
Talk Your Book: What’s In an Index?
Talk Your Book: Protecting the Tails
A Random Talk with Burton Malkiel
Talk Your Book: Investing in Gold
Everything You Need to Know About Retirement
Talk Your Book: Sectors & The Business Cycle
Talk Your Book: Understanding Opportunity Zones
The Economics of Home Ownership
Talk Your Book: Fixed Income Investing in a Low Rate World
Talk Your Book: Edly ISAs – Invest in Student Achievement
Talk Your Book: Advisor Solutions with Helios
The Opposite of a Falling Knife
Talk Your Book: Investing in Private Real Estate with Fundrise
Talk Your Book: How to Make Better Financial Decisions with Daniel Crosby
Talk Your Book: Investing in Commercial Real Estate
Too Young, Too Dumb & Too Inexperienced
The Historic Surge in Unemployment
The First Thing to Go in a Crisis
Talk Your Book: Positive & Negative Compounding – Trading with Direxion
A Random Watch Down Wall Street: The Founder
Talk Your Book: Investing in Commodities
Michael’s Worst Investment Ever
Talk Your Book: Small and Mid Cap Growth Stock Investing
What Makes People Happier Than Money
A Random Watch Down Wall Street: Margin Call
Talk Your Book: How to Create Income in Your Portfolio
The Best Decade in Human History
A Random Watch Down Wall Street: Trading Places
Talk Your Book: The Case For Tactical Equity
A Random Watch Down Wall Street: Boiler Room
Talk Your Book: Elimination Alpha
The Nastiest, Hardest Problem in Finance
Talk Your Book: Value & Momentum with Wes & Jack
Talk Your Book: Defined Outcome Strategies with Jason Barsema of Halo Investing
Talk Your Book: Coaching the Yankees
Talk Your Book: Crossing Wall Street with Eddy Elfenbein
Winners of the Financial Crisis
Talk Your Book: Investing in Private Companies with EquityZen
Talk Your Book: Invest Like a Hedge Fund With Titan
Re-Kindled: Amusing Ourselves to Death
Talk Your Book: The Acquirer’s Multiple
Talk Your Book: Global Factor Investing
The Four Most Dangerous Words in Podcasting
Talk Your Book: Trading With MarketSmith
Talk Your Book: The Net Lease REIT ETF
Re-Kindled: Where Are the Customers’ Yachts
Talk Your Book: Jeremy Schwartz From Wisdomtree
Talk Your Book: Help With Your Down Payment From Unison
The Netflix of Financial Advice
Talk Your Book – Creating a Buffer
Talk Your Book – The Low Volatility Anomaly
Talk Your Book – International Investing
Talk Your Book – Investing in Commodities
How to Ask the Right Questions
How to Create the Perfect Fund
How the Financial Crisis Affected Millennials
Why Andy Dufresne Would Make a Good Money Manager
The Mother of All Credit Bubbles
The Collaborative Podcast (with special guest host Morgan Housel)
Nobody Wants to Listen to Your Podcast
Hedge Fund Myths & Casual Investing Advice
Wave Pools & Market Inefficiencies
Evidence-Based Investing Conference Post-Mortem
The More You Pay, The Less You Get
