Animal Spirits Podcast

Listener Mailbag

21 Mar 2022

Contributed by Lukas

On today's show we clean out the inbox to answer questions from the listeners about Roth IRAs, producing content, international diversification, asset...

Is a Recession Bullish For Tech Stocks? (EP.248)

16 Mar 2022

Contributed by Lukas

On today's show we discuss the probability for a recession, crazy commodities prices, housing as a commodity, rising mortgage rates, why dogs are so a...

Talk Your Book: How Advisors Can Manage 401k Accounts

14 Mar 2022

Contributed by Lukas

On today's Talk Your Book we spoke with Dave Goldman from Pontera about helping advisors manage held away accounts for clients. Find complete showno...

Talk Your Book: The Craziest Commodities Market Ever

12 Mar 2022

Contributed by Lukas

On today's special edition of Talk Your Book, we spoke with Sal Gilbertie from Teucrium Agriculture ETFs about what's going on in the commodities mark...

More Sellers Than Buyers (EP.247)

09 Mar 2022

Contributed by Lukas

On this week's show we discuss a bear market brewing in the stock market, the stock market now vs. 1900, the impact of higher gas prices on consumer s...

The Financial Rails of the Future

05 Mar 2022

Contributed by Lukas

On today's show we spoke with Meow co-founder Brandon Arvanaghi about how companies and advisors can earn higher yields on their cash in crypto. Fin...

A Moral Margin Call  (EP.246)

02 Mar 2022

Contributed by Lukas

On today's show we discuss investing during a war, the biggest questions we have right now, why it's impossible to predict the future, the rising pote...

The Craziest Housing Market Ever (EP.245)

23 Feb 2022

Contributed by Lukas

On today's Animal Spirits, we discuss the growth stock sell-off getting real, differences between now and the end of the dot-com bubble, why savings a...

Talk Your Book: Managing Risk Like an Actuary

21 Feb 2022

Contributed by Lukas

On today's Talk Your Book, we had Julian Koski from New Age Alpha back on to explain the H Factor and how it helps evaluate individual stocks. Find ...

Starting a Crypto Hedge Fund

19 Feb 2022

Contributed by Lukas

On today's show we spoke with Leigh Drogen from Starkiller Capital about starting a crypto hedge fund. Find complete shownotes on our blogs...  Ben...

Boomflation or a Recession? (EP.244)

16 Feb 2022

Contributed by Lukas

On this week's show we discuss the latest inflation numbers, the Fed's conundrum, why corporations have the upper hand with inflation, bullish on Disn...

Inflation at Disney World (EP.243)

09 Feb 2022

Contributed by Lukas

On today's show we talk about the huge moves after earnings, why people don't change their consumption habits, Ben's trip to Disney World, and much mo...

Talk Your Book: Disruption as an Asset Class

07 Feb 2022

Contributed by Lukas

On today's Talk Your Book, we spoke with Kristof Gleich and Spenser Lerner from Harbor Capital about owning and managing portfolios with innovation st...

Stocks Work Best at Night (EP.242)

02 Feb 2022

Contributed by Lukas

On today's show we discuss the market correction, why stock-picking is so difficult, small caps in a bear market, Bitcoin to $1 million, the Fed inver...

Listener Mailbag

31 Jan 2022

Contributed by Lukas

On today's episode we answer questions from the listeners with a little help from Rocket Dollar CEO Henry Yoshida.   Find complete shownotes on our...

A Lightning Fast Correction (EP.241)

26 Jan 2022

Contributed by Lukas

On this week's show we discuss what we love about market corrections, why people assume they can guess what comes next with the stock market, parallel...

25 Million New Brokerage Accounts (EP.240)

19 Jan 2022

Contributed by Lukas

On this week's show we discuss the retail investor takeover of the stock market, ARKK's performance woes, the impact of higher mortgage rates on the h...

Talk Your Book: Investing in Sustainability

17 Jan 2022

Contributed by Lukas

On today's Talk Your Book we spoke with Jim Madden from Calamos Investments about ESG investing and how it's changing the investment landscape.    ...

Is the Fed Trapped? (EP.239)

12 Jan 2022

Contributed by Lukas

On today's show we discuss 3 bearish scenarios for the stock market, why the Fed could be in a tight spot, growth stocks getting wrecked, the next ste...

Talk Your Book: Options Are Eating the Stock Market

10 Jan 2022

Contributed by Lukas

On today's show we had Paul Kim from Simplify ETFs back on to discuss how RIAs are dealing with a low interest rate environment, dipping your toe into...

Why The Bull Market Could Last a Lot Longer (EP.238)

05 Jan 2022

Contributed by Lukas

On today's show we discuss the year that was in the stock market for 2021, why people hate the Fed so much, Michael's predictions for the year, why th...

Howard Lindzon Unplugged

01 Jan 2022

Contributed by Lukas

On today's special episode we speak with Howard Lindzon about his career, the state of venture capital today and what it's like investing in start-ups...

When to Sell a Growth Stock (EP.237)

29 Dec 2021

Contributed by Lukas

On this week's show we discuss an amazing year in the U.S. stock market, why celebrity SPACs stink, the impact of mortgage rates on housing prices, We...

Listener Mailbag

27 Dec 2021

Contributed by Lukas

On today's show we go over questions from listeners on creating an income-based portfolio, when to sell a struggling position, how to judge your finan...

An Extraordinary Decade (EP.236)

22 Dec 2021

Contributed by Lukas

On today's show we discuss Omicron, why the market is over the virus, Cathie Wood's bold return forecast, why everyone is lowering return expectations...

Talk Your Book: Massive ETF Inflows

20 Dec 2021

Contributed by Lukas

On today's show we spoke with Matt Bartolini from State Street Global Advisors about ETFs, inflation and their 2022 outlook. Find complete shownotes ...

Person of the Year (EP.235)

15 Dec 2021

Contributed by Lukas

On today's show we discuss the NYC boom, the treasury bonds of the Nasdaq, return expectations over the next decade, why young people won't be scared...

Talk Your Book: Investing in Carbon Allowances

13 Dec 2021

Contributed by Lukas

On today's Talk Your Book, we spoke with Luke Oliver from Kraneshares about the huge potential in carbon allowances. Find complete shownotes on our b...

The Most Crowded Stocks (EP.234)

08 Dec 2021

Contributed by Lukas

On this week's show we discuss the growth stock crash, the third web, and wonder if Paul Thomas Anderson is overrated.  Find complete shownotes on ou...

Talk Your Book: Down with Title Insurance

04 Dec 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Doma founder and CEO Max Simkoff about title insurance, home appraisals and making the purchase and refinance ...

Housing Prices Are Still Too Low (EP.233)

01 Dec 2021

Contributed by Lukas

On this week's show we discuss why the markets care about the new variant, Twitter's crappy stock performance, inflation at the Dollar Store, profit m...

The High Beta Crash (EP.232)

24 Nov 2021

Contributed by Lukas

On today's show we discuss why the stock market doesn't care about inflation (yet), the growth stock massacre, how corporations are taking advantage o...

Talk Your Book: Where to Save For Your Down Payment

22 Nov 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Taylor and Brett Sohns from Lifegoal Investments about their Home Down Payment ETF. Find complete shownotes o...

Everyone Hates Inflation (EP.231)

17 Nov 2021

Contributed by Lukas

On this week's show we discuss the highest inflation rate in 30 years, why this is a good time to be a borrower, why no one is happy about the economy...

Great Quartr Guys (EP.230)

10 Nov 2021

Contributed by Lukas

On this week's show we discuss Elon Musk selling 10% of his Tesla shares, the pandemic trade is over, Zillow's blunder, Peloton's downfall, interest r...

Talk Your Book: Why Annuities Have Higher Yields Than Bonds

08 Nov 2021

Contributed by Lukas

On today's Talk Your Book, we spoke with David Lau from DPL Financial Partners about annuities and how financial advisors are dealing with low inter...

There's No Crying in Crypto (EP.229)

03 Nov 2021

Contributed by Lukas

On today's show we discuss the impact of rising rates on the stock market, Shibu Inu, the different levels of FOMO, parallels to the tech bubble, why ...

Talk Your Book: Real World Betting Markets

01 Nov 2021

Contributed by Lukas

We spoke with Kalshi founder Tarek Mansour about betting on the outcomes of real-world events. Find complete shownotes on our blogs... Ben Carlson’...

Hyperinflation, It's Happening (EP.228)

27 Oct 2021

Contributed by Lukas

On today's Animal Spirits we discuss worrying too much about the markets, Tesla's impressive performance, inequality in the stock market, trying to ex...

Talk Your Book: How to Use Thematic ETFs

25 Oct 2021

Contributed by Lukas

On this edition of Talk Your Book we spoke with Dave Mazza from Direxion about investing in WFH stocks, moonshots and the hydrogen economy. Find comp...

It Wasn't Transitory (EP.227)

20 Oct 2021

Contributed by Lukas

On this week's show we discuss the new bitcoin ETF, higher than expected inflation, a positive spin on the supply chain issues, a record number of peo...

Talk Your Book: Finding Growth Stocks Around the Globe

18 Oct 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Rob Forker of Polen Capital about investing in international small cap growth companies. Find complete showno...

The 24/7 Stock Market (EP.226)

13 Oct 2021

Contributed by Lukas

On today's show we talk about supply chain issues, why millennials don't drive minivans, what constitutes being rich, net worth by age, my favorite To...

Unaffordable Housing (EP.225)

06 Oct 2021

Contributed by Lukas

On this week's show we discuss supply chain problems, buying Christmas presents early, why progress requires inflation, investors have been spoiled, h...

Listener Mailbag

04 Oct 2021

Contributed by Lukas

On today's show we answer listener questions about inflation, commodities, refinancing, investing in gold, how to network when finding a job and much ...

Richer Than Ever (EP.224)

29 Sep 2021

Contributed by Lukas

On today's show we discuss Rich Dad Poor Dad, why bailouts are here to stay, Cathy Wood really likes treasuries, sports gambling hits the mainstream, ...

Talk Your Book: Accelerating Your Returns

27 Sep 2021

Contributed by Lukas

On today's Talk Your Book we spoke once again with Bruce Bond of Innovator ETFs about defined outcome investing. Find complete shownotes on our blogs...

Probably Not The Next Lehman (EP.223)

22 Sep 2021

Contributed by Lukas

On this week's show we discuss the newest market crisis du jour, what's holding down bond yields, the crypto narrative that doesn't hold water, Americ...

Talk Your Book: The Fabric of Risk

20 Sep 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Rick Bookstaber of Fabric Risk about how advisors and their clients should approach the concept of risk in the...

The Crypto Gateway Drug (EP.222)

15 Sep 2021

Contributed by Lukas

On today's show we discuss the problem with historical analogs in finance, the biggest stocks in the stock market, why financial manias persist, why s...

Talk Your Book: An Alternative to Low Bond Yields

13 Sep 2021

Contributed by Lukas

On today's Talk Your Book, we spoke with David Lau of DPL Financial Partners about all things annuities and how they can help advisors in a low intere...

Interest Rates Are Never Going Up Again (EP.221)

08 Sep 2021

Contributed by Lukas

On today's show we discuss the early days of this podcast, Ray Dalio's performance issues, how wealth and demographics are impacting interest rates, w...

Talk Your Book: Insourced CIO

06 Sep 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Helios CEO Chris Shuba about estate planning and investment services for financial advisors. Find complete sh...

The Big Long (EP.220)

01 Sep 2021

Contributed by Lukas

On today's show we discuss a Covid outbreak for Ben, the shifting risk appetite for young people, getting rich overnight has never been easier, why mo...

Listener Mailbag

30 Aug 2021

Contributed by Lukas

On today's episode, the guys are back with another episode of listener questions. Find complete shownotes on our blogs... Ben Carlson’s A Wealth ...

How to Crush a Job Interview (EP.219)

25 Aug 2021

Contributed by Lukas

On today's show we discuss the pros and cons of the CFA, tales of Michael's old job interviews, seeing both sides of the NFT boom, why moving money in...

Talk Your Book: Bring Your Own Deal

23 Aug 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Rocket Dollar CEO Henry about self-directed IRAs.   Find complete shownotes on our blogs... Ben Carlson’s...

Ben Turns 40 (EP.218)

18 Aug 2021

Contributed by Lukas

On this week's show we discuss direct-listed IPO performance, the scorching hot NFT market, Ben's milestone birthday, transitory inflation signals, sh...

Did Bitcoin Kill Gold? (EP.217)

11 Aug 2021

Contributed by Lukas

On today's show we discuss investors behaving better, meme stock pushback, what is wrong with gold, why crypto isn't crashing despite more regulation,...

Talk Your Book: Investing in Dual Impact ETFs

09 Aug 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Wendy Wong of New York Life Investments about investing to fight heart disease. Find complete shownotes on ou...

Emergency Pod: We Were Both Wrong About Robinhood

05 Aug 2021

Contributed by Lukas

On Wednesday, we held a Twitter Spaces to discuss the Robinhood IPO and the fact that Ben sold his shares last week.   Find complete shownotes on our...

The Best Way to Get a Raise (EP.216)

04 Aug 2021

Contributed by Lukas

On today's show we discuss Ben's recent trip to NYC, how the psychology around money can shape your relationships, the 1987 of recessions, the Robinho...

We Love to Spend Money (EP.215)

28 Jul 2021

Contributed by Lukas

On this week's show we discuss the insane run in stocks over the last 12 years, what's moving crypto prices lately, when to take profits from a big wi...

Prices Only Go Up (EP.214)

21 Jul 2021

Contributed by Lukas

On this week's show we discuss the difference between a trip and a vacation, what it means to be rich, the inflation conundrum, why it's easier to rai...

Talk Your Book: Invest by Avoiding the Losers

19 Jul 2021

Contributed by Lukas

On today's Talk Your Book, we spoke with Julian Koski of New Age Alpha about setting baselines and probabilities on current stock prices to help avoid...

High School Reunion (EP.213)

14 Jul 2021

Contributed by Lukas

On today's episode we discuss the Roaring 20s, why things are better than you think, the coming baby bust, the end of cash, who's driving up home pric...

Talk Your Book: Quality Growth

12 Jul 2021

Contributed by Lukas

On today's show the guys talk with Eric Schoenstein, CIO at Jensen Investment Management about how to find quality growth companies trading at a reaso...

$35 Trillion Giveaway (EP.212)

07 Jul 2021

Contributed by Lukas

On today's show we discuss unplugging from social media for the weekend, the big move in stocks from the bottom of the bear market, why this time is d...

The Wealthiest Generation (EP.211)

30 Jun 2021

Contributed by Lukas

On this week's show we discuss money piling into crypto, bubble experts, flows over pros, young people waiting to settle down, the housing market conu...

Talk Your Book: Anti-Carry

25 Jun 2021

Contributed by Lukas

On today's show, the guys talk with Paul Kim of Simplify on how to sell vol and not get run over by the proverbial steamroller.    Find complete s...

Lifestyle Creep (EP.210)

23 Jun 2021

Contributed by Lukas

On today's show we discuss inflation, why bond yields are falling, getting wrecked in DeFi, fintech's customer service problem, taking a family loan t...

Fed Apologists (EP.209)

16 Jun 2021

Contributed by Lukas

On this week's show we discuss the most underrate innovation of all-time, why the economy is more interesting than the markets, the wild housing mark...

Talk Your Book: The State of the Housing Market

11 Jun 2021

Contributed by Lukas

On today's show the guys talk with Logan Mohtashami, lead analyst at Housing Wire.    Find complete shownotes on our blogs... Ben Carlson’s A Wea...

Permanent Stimulus (EP.208)

09 Jun 2021

Contributed by Lukas

On this week's show we discuss why crypto is sucking the air out of the room for investor attention, the future of bear markets, the insane cost of bu...

Talk Your Book: The Commodity Supercycle

04 Jun 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Direxion's Ed Egilinsky about the potential for a commodities supercycle and why it makes sense to be tactical...

And Then I Got Scammed (EP.207)

02 Jun 2021

Contributed by Lukas

  Description: On this week's show we discuss the king of SPACs, how the internet broke people's brains, Guy Fieri, the promise of crypto, the histo...

Listener Mailbag (EP.206)

28 May 2021

Contributed by Lukas

On today's show we answer listener questions on real estate, asset allocation, where to save retirement money, dealing with big gains in individual st...

The Worst Time To Buy a Home (EP.205)

26 May 2021

Contributed by Lukas

On today's show we discuss Tesla vs. Ford, the Robinhood effect, why 24/7 markets make volatility worse, trying to explain what DeFi is, the Franke...

A Shortage of Everything (EP.204)

19 May 2021

Contributed by Lukas

On today's show we discuss Elon Musk's crypto tweets, why bitcoin is falling, some context behind the inflation numbers, the weirdest economy ever, w...

Growth at a Reasonable Price

14 May 2021

Contributed by Lukas

On today's show, the guys talk with Clay Gardner of Titan, an actively managed investment solution that is trying to disrupt mutual funds.    Find c...

Bubbles Are Forever (EP.203)

12 May 2021

Contributed by Lukas

On this week's show we discuss the huge miss in the job's report, why stock market valuations are so hard to use today, why we need to build more hous...

We Should Be in a Bubble (EP.202)

05 May 2021

Contributed by Lukas

On this week's show we discuss the roommate theory, Bill Murray, the massive scale of the 5 big tech stocks, rational vs. irrational bubbles, pros and...

The YOLO Economy (EP.201)

28 Apr 2021

Contributed by Lukas

On this week's show we discuss the crypto crash, setting return expectations, make life changes because of the pandemic, cynical thinking because of t...

The Dumbest Week Ever (EP.200)

21 Apr 2021

Contributed by Lukas

On this week's show we talk about dogecoin, the crypto crash, money-losing companies, buyers of second homes, why 2008 broke so many brains, a shortag...

A Shortage of Workers (EP.199)

14 Apr 2021

Contributed by Lukas

On today's show we discuss housing bubble talk, huge fund inflows into stocks, gains for the bottom 50%, shortages, inflation and investing in collect...

Listener Mailbag

09 Apr 2021

Contributed by Lukas

On today's Animal Spirits, Michael and Ben answer listener questions. Everything from personal finance to real estate to investments, and everything i...

Housing Bubble 2.0?

07 Apr 2021

Contributed by Lukas

On today's show we discuss the rise in Gen Z traders, how retail investors are impacting the market, the 4 types of Robinhood traders, the dependabili...

The Active Management Resurgence (EP.197)

31 Mar 2021

Contributed by Lukas

On today's show we discuss the most bullish thing about the stock market right now, the catalyst for value beating growth, when the smart money is rea...

Talk Your Book: Investing in the Gig Economy

26 Mar 2021

Contributed by Lukas

On today's Talk Your Book we speak with David Dziekanski, portfolio manager for the SoFi Gig Economy ETF. Find complete shownotes on our blogs... Ben...

An Affordability Crisis (EP.196)

24 Mar 2021

Contributed by Lukas

On today's show we discuss rising real estate prices, how the work from home trend could impact housing, working at Goldman Sachs, the income required...

Talk Your Book: The Case for Emerging Markets

19 Mar 2021

Contributed by Lukas

On today's Talk Your Book we spoke with Nick Niziolek from Calamos Investments about the potential for emerging markets in the coming years.   Find c...

Super Bullish (EP.195)

17 Mar 2021

Contributed by Lukas

On this week's show we talk about taking cash out of your house, the coming economic boom, why the Fed isn't printing as much money as you think, Beep...

Talk Your Book: Investing in Freedom

12 Mar 2021

Contributed by Lukas

On today's show we speak with Perth Tolle of Life + Liberty Indexes about freedom as an investment factor.  Find complete shownotes on our blogs... ...

The Recession is Over (EP.194)

10 Mar 2021

Contributed by Lukas

On this week's show we discuss the wreckage in growth stocks, the outperformance of value, what the massive fiscal stimulus plan means for the economy...

Talk Your Book: The Most Ambitious ETFs

05 Mar 2021

Contributed by Lukas

On today's Talk Your Book we chat with Simplify Asset Management CEO Paul Kim about creating ETFs that are concentrated, enhance the upside and protec...

Never Bet Against America (EP.193)

03 Mar 2021

Contributed by Lukas

On this week's show we discuss the recent rise in interest rates, how much rates really matter to the markets, the latest Buffett shareholder letter, ...

Talk Your Book: Investing in Moonshots

26 Feb 2021

Contributed by Lukas

On today's Talk Your Book, we spoke with Direxion's Dave Mazza about the Direxion Moonshot ETF and how to invest in the most innovative companies.   ...

The Beanie Baby Bubble (EP.192)

24 Feb 2021

Contributed by Lukas

On today's show we discuss the collectibles boom, similarities and differences to the Beanie Baby boom of the late-1990s, NBA Top Shot, ISAs for pro a...

Listener Mailbag

19 Feb 2021

Contributed by Lukas

On this episode, we cleaned out our inbox to answer questions from listeners about retirement, personal finance, investing, markets, careers, and more...

Bidding Wars (EP.191)

17 Feb 2021

Contributed by Lukas

On today's show, we discuss food delivery as a viable business, SPACs vs IPOs, the new benchmark for tech companies, the red hot real estate market, B...