Animal Spirits Podcast
Episodes
There Are Too Many Rich People (EP. 421)
16 Jul 2025
Contributed by Lukas
On episode 421 of Animal Spirits, Michael Batnick and Ben Carlson...
Talk Your Book: Option Income Is So Hot Right Now
14 Jul 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and ...
I Want To Be An Advisor, What Do I Do?
12 Jul 2025
Contributed by Lukas
On this special episode of Animal Spirits at the Morningstar Investment Conference in Chicago, Michael Batnick...
A 25 Year Bull Market (EP. 420)
09 Jul 2025
Contributed by Lukas
On episode 420 of Animal Spirits, Michael Batnick and Ben Carlson...
Talk Your Book: Autocallable Income
07 Jul 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and ...
Talk Your Book: How Public’s Winning the Great Wealth Transfer
05 Jul 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and ...
The Top 10 Risks to the Stock Market (EP. 419)
02 Jul 2025
Contributed by Lukas
On episode 419 of Animal Spirits, Michael Batnick and Ben Carlson ...
Talk Your Book: What Even Is Infrastructure?
30 Jun 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and ...
The Nothing Ever Happens Market (EP. 418)
25 Jun 2025
Contributed by Lukas
On episode 418 of Animal Spirits, Michael Batnick and Ben Carlson ...
Talk Your Book: Turning Capex Into Cashflow
23 Jun 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Car...
We Have to Talk About Sports Betting (EP. 417)
18 Jun 2025
Contributed by Lukas
On episode 417 of Animal Spirits, Michael Batnick and Ben Carlson discuss valu...
Talk Your Book: Investing in High Yield Munis
16 Jun 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson...
A Bubble is Coming (EP. 416)
11 Jun 2025
Contributed by Lukas
On episode 416 of Animal Spirits, Michael Batnick and Ben Carlson discuss the stock market...
Talk Your Book: Where to Find Higher Dividend Yields
09 Jun 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson...
Talk Your Book: The Joneses Aren't That Happy
07 Jun 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson speak w...
Will AI Take All Our Jobs? (EP.415)
04 Jun 2025
Contributed by Lukas
On episode 415 of Animal Spirits, Michael Batnick and Ben Carlson discuss why technical an...
Talk Your Book: Valuation Still Matters
02 Jun 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joi...
Most Stocks Suck (EP.414)
28 May 2025
Contributed by Lukas
On episode 414 of Animal Spirits, Michael Batnick and Ben Carlson discuss long-term bond yields rising...
Talk Your Book: Investing in Goldminers
26 May 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Imaru...
Talk Your Book: The Nasdaq 100 of Crypto
24 May 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Samir...
Is Financial Education Working? (EP.413)
21 May 2025
Contributed by Lukas
On episode 413 of Animal Spirits, Michael Batnick and Ben Carlson discuss: how retail became the smart money, why ...
Winners and Losers From the Stock Market Rally (EP.412)
14 May 2025
Contributed by Lukas
On episode 412 of Animal Spirits, Michael Batnick and Ben Carlson discuss the China trade deal, retail was right, Wall Street ...
Talk Your Book: Will China Win the Trade War?
12 May 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Brendan Ahern, CI...
There Will Never Be Another Warren Buffett (EP.411)
07 May 2025
Contributed by Lukas
On episode 411 of Animal Spirits, Michael Batnick and Ben Carlson discuss Warren Buffett's legacy, no one can guess where the market is go...
Talk Your Book: The CLO Playbook
05 May 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Shiloh Bates, Partner and CIO...
The Most Confusing Rally of All Time (EP.410)
30 Apr 2025
Contributed by Lukas
On episode 410 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a wild month of stock market performance, bear market rallies, a shift in t...
Talk Your Book: Equal Weight Investing
28 Apr 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Nick Kalivas, Head of Factor & Core Equit...
Talk Your Book: Derek Thompson Feels Like He's Taking Crazy Pills
26 Apr 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson speak with Abundance author Derek Thompson about his ne...
So Bearish It's Bullish (EP.409)
23 Apr 2025
Contributed by Lukas
On episode 409 of Animal Spirits, Michael Batnick and Ben Carlson discuss: some 1929 and 1932 comparisons, the impact of tariffs on small businesses, ...
Talk Your Book: Interest Rates Go Kablooey
21 Apr 2025
Contributed by Lukas
On this two-part episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson speak with Jason Greenblath of American Century Investment...
Talk Your Book: How Not To Invest Like Buffett
19 Apr 2025
Contributed by Lukas
On this special two-part episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson speak with Barry Ritholtz to discuss his new book,...
The Dollar Dump (EP.408)
16 Apr 2025
Contributed by Lukas
On episode 408 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the tariff tantrum, why a falling dollar matters, yields are rising, betti...
Talk Your Book: Elevator Growth in Mid Caps
14 Apr 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick, CFA and Ben Carlson, CFA are joined by Matt Bartolini, CFA, CAIA, Managing Directo...
The Stock Market Crashed. Now What? (EP.407)
09 Apr 2025
Contributed by Lukas
On episode 407 of Animal Spirits, Michael Batnick and Ben Carlson discuss the chaos surrounding tariffs, Dan Ives getting cautious, possible affects o...
Talk Your Book: International Stocks, So Hot Right Now
07 Apr 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Rahul Sharma, Portfolio Manager and Executive Directo...
Ben's Bearish (EP.406)
02 Apr 2025
Contributed by Lukas
On episode 406 of Animal Spirits, Michael Batnick and Ben Carlson discuss: auto tariffs, binary outcomes on Liberation Day, rising uncertainty, why ho...
Talk Your Book: Floating Rate Income
31 Mar 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Fran Rodilosso, Head of Fixed Income ETF Portfolio Ma...
Did Trump Blink? (EP. 405)
26 Mar 2025
Contributed by Lukas
On episode 405 of Animal Spirits, Michael Batnick and Ben Carlson discuss: how to become indispensable at work, the stock market comeback, the wealth ...
Talk Your Book: A Better Money Market Fund
24 Mar 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Alex Morris, CEO and Mark Spindel, Senior Advisor for...
Talk Your Book: How to be a Supercommunicator with Charles Duhigg
22 Mar 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by author Charles Duhigg to talk about his book, Superco...
Live From Miami (EP.404)
19 Mar 2025
Contributed by Lukas
On episode 404 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a bear market in Mag 7 stocks, one of the fastest corrections ever, surveys...
Talk Your Book: How Private Credit Works
17 Mar 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Phil Bauer, SVP and Portfolio Specialist at Calamos I...
The Tariff Tantrum (EP.403)
12 Mar 2025
Contributed by Lukas
On episode 403 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a healthy correction in the stock market, growth stocks getting slaughtered...
Talk Your Book: A Better 60/40 Portfolio
10 Mar 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by JD Gardner, CIO and Founder of Aptus Capital Advisors...
Is a Recession Coming? (EP.402)
05 Mar 2025
Contributed by Lukas
On episode 402 of Animal Spirits, Michael Batnick and Ben Carlson discuss: GDP growth rolling over, the probability of a recession is rising, timing a...
Talk Your Book: Custom Portfolio Protection
03 Mar 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Matthew Radgowski, CEO of Halo Investing to discuss t...
Time to Get Bearish? (EP.401)
26 Feb 2025
Contributed by Lukas
On episode 401 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the potential for an economic slowdown, Steve Cohen gets bearish, the labor...
Talk Your Book: State of The Real Estate Market
24 Feb 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Paul Baiocchi, Chief ETF Strategist of SS&C ALPS Advi...
Life and Death (EP.400)
19 Feb 2025
Contributed by Lukas
On episode 400 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Jon Carlson's story, dealing with grief, why financial planning matters, Jo...
Talk Your Book: A Short History of the Nasdaq 100
17 Feb 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Emily Spurling, SVP, Global Head of Index at Nasdaq a...
Is $1 Million a Lot of Money? (EP.399)
12 Feb 2025
Contributed by Lukas
On episode 399 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the shrinking number of small businesses, the stock market chart of the dec...
Talk Your Book: How to Eliminate Negative Alpha
10 Feb 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Cole Wilcox, Founder and Chief Investment Officer of ...
The Dumbest Trade War (EP.398)
05 Feb 2025
Contributed by Lukas
On episode 398 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the financial impact of tariffs, why AI could save the stock market, market...
Talk Your Book: Bitcoin for Anyone
03 Feb 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Matt Kaufman, SVP, Head of ETFs at Calamos to discuss...
Your Budget Sucks (EP.397)
29 Jan 2025
Contributed by Lukas
On episode 397 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Future Proof Citywide in Miami, the DeepSeek rug pull on Nvidia, what this ...
Talk Your Book: The Private Credit Opportunity Set
27 Jan 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Kyle Brown, CEO, President, and CIO of Trinity Capita...
Trump Coin (EP.396)
22 Jan 2025
Contributed by Lukas
On episode 396 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a memecoin from the President, what's next for the crypto industry, the gol...
Talk Your Book: 3 Reasons to Buy Bonds
20 Jan 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Dave Braun, Managing Director and Generalist Portfoli...
A Key Market Signal (EP.395)
15 Jan 2025
Contributed by Lukas
On episode 395 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the devastating fires in LA, why homes are the most important financial ass...
Talk Your Book: Moneyball Meets Private Equity
13 Jan 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Greg Bond, CEO of Man Numeric and Head of the America...
Predictions For 2025 (EP.394)
08 Jan 2025
Contributed by Lukas
On episode 394 of Animal Spirits, Michael Batnick and Ben Carlson discuss: all sorts of predictions for the upcoming year, the AI bubble, the roaring ...
Talk Your Book: Direct to Consumer Venture Capital
06 Jan 2025
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Elia Infascelli, Partner and CEO of The Cashmere Fund...
It Was a Very Good Year (EP.393)
01 Jan 2025
Contributed by Lukas
On episode 393 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the year that was in the stock market, expectations for 2025 returns, the S...
Talk Your Book: Conviction in Growth Investing
30 Dec 2024
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Charly Travers, Portfolio Manager at Motley Fool Asse...
Talk Your Book: The Economy is not the Stock Market with David Rosenberg
29 Dec 2024
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by David Rosenberg, Founder and President of Rosenberg R...
All In on US Stocks (EP.392)
25 Dec 2024
Contributed by Lukas
On episode 392 of Animal Spirits, Michael Batnick and Ben Carlson discuss: healthy corrections, rate cuts vs. the stock market, terrible sentiment tow...
Talk Your Book: Looking for the Next NVDA
23 Dec 2024
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Nick Frasse, Product Manager at VanEck, and Angus Shi...
Eff You Money (EP.391)
18 Dec 2024
Contributed by Lukas
On episode 391 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the prospects for another 20% year in the stock market in 2025, the U.S. ec...
Talk Your Book: Buy Low, Sell High in China
16 Dec 2024
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson talk to Brendan Ahern from KraneShares about Chinese tech stocks...
The Bears Capitulate (EP.390)
11 Dec 2024
Contributed by Lukas
On episode 390 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the 4 biggest types of investment mistakes, bears throwing in the towel, Bi...
Talk Your Book: Matching Longs with Shorts
09 Dec 2024
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Mick Rasmussen, Portfolio Manager at Wasatch Global I...
The Mother of All Bubbles (EP.389)
04 Dec 2024
Contributed by Lukas
On episode 389 of Animal Spirits, Michael Batnick and Ben Carlson discuss: US exceptionalism in markets and the economy, losing all of your retirement...
Talk Your Book: J.P. Morgan's Guide to ETFs
02 Dec 2024
Contributed by Lukas
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Jon Maier, Chief ETF Strategist and Shayan Hussain, H...
The Leverage Mania (EP.388)
27 Nov 2024
Contributed by Lukas
On episode 388 of Animal Spirits, Michael Batnick and Ben Carlson discuss: great stock market returns so far for 2024, Bluesky vs X, the impact of tar...
Talk Your Book: Animal Spirits Live
25 Nov 2024
Contributed by Lukas
On today's show, we are live from Chicago with Alex Morris, Chief Investment Officer of F/m Investments to discuss why investors are still crowded on ...
Everybody in the Pool (EP.387)
20 Nov 2024
Contributed by Lukas
On episode 387 of Animal Spirits, Michael Batnick and Ben Carlson discuss: 7 years of Animal Spirits, the miracle of US equities, the wall of worry ha...
Talk Your Book: Investors Love Cash Flow
18 Nov 2024
Contributed by Lukas
On today's show, we are joined by Barry Martin, Portfolio Manager of Shelton Equity Income Fund to discuss what it means to have shares called away, w...
The Bitcoiners Won (EP.386)
13 Nov 2024
Contributed by Lukas
On episode 386 of Animal Spirits, Michael Batnick and Ben Carlson discuss: why Trump won, how the Dems fumbled the economic messaging, how this will i...
Talk Your Book: Infrastructure Investing
11 Nov 2024
Contributed by Lukas
On today's show, we are joined by Jon Levin, CEO of GCM Grosvenor and Mark Gatto, Co-Founder and Co-Chief Executive Officer of CION Investments to dis...
A Once in a Lifetime Investment Opportunity (EP.385)
06 Nov 2024
Contributed by Lukas
On episode 385 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Warren Buffett's massive cash pile, the performance of the average stock th...
Talk Your Book: Longevity Income
04 Nov 2024
Contributed by Lukas
On today's show, we are joined by Nate Conrad, Head of LifeX at Stone Ridge Asset Management to discuss how longevity income ETFs work, what LifeX is ...
The Cost of the American Dream (EP.384)
30 Oct 2024
Contributed by Lukas
On episode 384 of Animal Spirits, Michael Batnick and Ben Carlson discuss: changing narratives in the markets, why interest rates are rising, why you ...
Talk Your Book: The Next Big Short
28 Oct 2024
Contributed by Lukas
On today's show, we are joined by Jared Dillian, Founder of Jared Dillian Money to discuss Jared's bearishness on private equity, understanding the de...
Talk Your Book: Marketing is Everything with Seth Godin
24 Oct 2024
Contributed by Lukas
On today's show we talk with Seth Godin about his new book, This is Strategy, along with why everyone is in sales, how to produce good content, how to...
The Envy of the World (EP.383)
23 Oct 2024
Contributed by Lukas
On episode 383 of Animal Spirits, Michael Batnick and Ben Carlson discuss: stock market return expectations for the next decade, why there's no euphor...
Talk Your Book: Factor Investing with Dimensional Fund Advisors
21 Oct 2024
Contributed by Lukas
On today's show, we are joined by Rob Harvey, Co-Head of Product Specialists at Dimensional Fund Advisors to discuss how DFA separates itself as an as...
The 1990s Really Were Better (EP.382)
16 Oct 2024
Contributed by Lukas
On episode 382 of Animal Spirits, Michael Batnick and Ben Carlson discuss: an unbelievable run for the stock market, diversification vs. hedging, an u...
Talk Your Book: Yield at What Cost?
14 Oct 2024
Contributed by Lukas
On today's show, we are joined by Jonathan Molchan, Managing Partner at STF Management to discuss how the trend following rules work, issues with trad...
Money Buys Happiness (EP.381)
09 Oct 2024
Contributed by Lukas
On episode 381 of Animal Spirits, Michael Batnick and Ben Carlson discuss: calling a top in the stock market, why people don't trust data, the economy...
Talk Your Book: Private Equity Deals with Ted Seides
07 Oct 2024
Contributed by Lukas
On today's show, we are joined by Ted Seides, founder of Capital Allocators to discuss his new book, Private Equity Deals: Lessons in investing, dealm...
The Most Bullish Backdrop (EP.380)
02 Oct 2024
Contributed by Lukas
On episode 380 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the biggest risk to the real estate market, why bull markets are different ...
Talk Your Book: The Next Catalyst for Crypto Assets
30 Sep 2024
Contributed by Lukas
On today's show, we are joined by Chris Kuiper, Director of Research, and Matt Horne, Head of Digital Asset Strategists for Fidelity Digital Assets to...
Are You Middle Class? (EP.379)
25 Sep 2024
Contributed by Lukas
On episode 379 of Animal Spirits, Michael Batnick and Ben Carlson discuss: our experience at Future Proof, melt-up possibilities in the stock market, ...
Talk Your Book: Opportunities in Commercial Real Estate Debt
24 Sep 2024
Contributed by Lukas
On today's show, we are joined by Richard Byrne, President of Benefit Street Partners to discuss the chaos within the commercial office space sector, ...
The Michael & Ben Origin Story (EP.378)
18 Sep 2024
Contributed by Lukas
On episode 378 of Animal Spirits, Michael Batnick and Ben Carlson discuss: how Ben got started in the industry and eventually arrived at Ritholtz Weal...
Talk Your Book: Investing in Free Cash Flow
16 Sep 2024
Contributed by Lukas
On today's show, we spoke with Michael Mack, Associate Portfolio Manager for Victory Capital to discuss how to calculate free cash flow, if the Mag 7 ...
When Your Friends Are Richer Than You (EP.377)
11 Sep 2024
Contributed by Lukas
On episode 377 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a bad week for the stock market, why foreign stocks are so cheap, the stat...
Talk Your Book: Dividend Stocks are Cheap
09 Sep 2024
Contributed by Lukas
On today's show, we spoke with Jennifer Chang, Portfolio Manager and Executive Director for Schafer Cullen to discuss utilizing active management with...
Founder Mode (EP.376)
04 Sep 2024
Contributed by Lukas
On episode 376 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Josh Brown's new book, an excellent year for investors, how bullish investo...
Talk Your Book: Balancing Risk and Yield
02 Sep 2024
Contributed by Lukas
On today's show, we are joined by Priya Misra, Portfolio Manager for the JPMorgan Core Plus Bond ETF to discuss why private credit has gotten so popul...