Animal Spirits Podcast
Episodes
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...
Talk Your Book: The Madness of crowds
12 Feb 2021
Contributed by Lukas
On today's show, the guys talk to Daniel Crosby, PhD, the Chief Behavioral Officer of Orion Advisor Solutions about some of the craziest few weeks in ...
Money Tree (EP.190)
10 Feb 2021
Contributed by Lukas
On this week's episode we discuss Elon Musk becoming the new Warren Buffett, companies putting bitcoin on their balance sheet, the Mount Rushmore of C...
Talk Your Book: Commission-Free Insurance
05 Feb 2021
Contributed by Lukas
On today's show, the guys talk with David Lau from DPL Financial Partners about how they're improving the insurance sales for advisors and their clien...
The Big Squeeze (EP.189)
03 Feb 2021
Contributed by Lukas
On this week's show we talk about all things GameStop, Robinhood, short-sellers, when markets become a pop culture phenomenon, why people are so angry...
It's Very Different This Time (EP.188)
27 Jan 2021
Contributed by Lukas
On today's show we talk about the wild moves in Gamestop, why this is now a young person's market, why the SEC is probably going to come calling for s...
Talk Your Book: Investing in Fixed Income
22 Jan 2021
Contributed by Lukas
On today's show, Michael and Ben talk with Gibson Smith of Smith Capital Investors about how the structure of the fixed income market has evolved over...
Micro Bubbles (EP.187)
20 Jan 2021
Contributed by Lukas
On today's show we discuss why index funds will never cause a bubble, how day traders are evolving, the best-performing stocks of 2020, penny stock ma...
Tesla is the Next Tesla (EP.186)
13 Jan 2021
Contributed by Lukas
On this week's show we discuss the outsized role tech companies play in our democracy, why aggression is highly contagious, why the stock market is cr...
Should I Use a Roth or a Traditional IRA?
11 Jan 2021
Contributed by Lukas
On today's show, we talk with Bill Sweet about the different options investors should consider when thinking about what type of vehicle they should u...
Talk Your Book: 2021 Outlook
08 Jan 2021
Contributed by Lukas
On today's Talk Your Book, we speak with Matthew Bartolini about options for diversified investors going forward, how to think about volatility in fix...
Inflation Truthers (EP.185)
06 Jan 2021
Contributed by Lukas
On this week's show we discuss why inflation isn't being understated, why the economy is so difficult to understand, why growth is outperforming value...
The Best of 2020
01 Jan 2021
Contributed by Lukas
On today's last show of the year, we look back at the biggest stories from 2020 as well as our favorite books, movies and TV shows. Find complete s...
Everyone Knows Everything (EP.184)
30 Dec 2020
Contributed by Lukas
On this week's show we discuss the luck of the draw in the economy this year, our new fantasy trading game, pockets of froth in the markets, Tesla spe...
Talk Your Book: Momentum Investing With Joe Terranova
25 Dec 2020
Contributed by Lukas
On today's show, Michael and Ben talk with Joe Terranova of Investment Partners about the lessons from 2020, and the launch of his new investment ETF....
Never Stop Buying Lottery Tickets (EP.183)
23 Dec 2020
Contributed by Lukas
On this week's show we discuss the new stimulus bill, why the stock market isn't always this easy, Tesla investors who made a boatload of money, Robin...
How to Start Your Financial Life (EP.182)
18 Dec 2020
Contributed by Lukas
On today's show we discuss financial topics for young people including how much you should spend on an engagement ring, how to talk about money with y...
IPO Mania (EP.181)
16 Dec 2020
Contributed by Lukas
On this week's show we discuss the Airbnb and DoorDash IPOs, similarities and differences between now and the 1990s dot-com boom, why IPOs rise so muc...
Talk Your Book: ESG Investing
11 Dec 2020
Contributed by Lukas
On today's show, Michael and Ben talk with Brie Williams of State Street Global Advisors about the momentum behind ESG investing. Find complete s...
How America Invests (EP.180)
09 Dec 2020
Contributed by Lukas
On today's show we discuss AT&T vs. Verizon, why we could see the highest CAPE ratio ever, the end of movie theaters, why selling is the hardest part ...
Blog Post: How Ben Invests His Money
07 Dec 2020
Contributed by Lukas
Inspired by the new book, How I Invest My Money, Ben shares how he manages his own money. Learn more about your ad choices. Visit megaphone.fm/adchoic...
Book Excerpt: The 20 Rules of Personal Finance
05 Dec 2020
Contributed by Lukas
Ben reads a chapter from his new book, Everything You Need to Know About Saving For Retirement. Learn more about your ad choices. Visit megaphone.fm/a...
Talk Your Book: The Structured Marketplace
04 Dec 2020
Contributed by Lukas
On today's show we talked with Jason Barsema, co-founder and CEO of Halo Investing, an online marketplace for structured products, annuities, and buff...
Raising the Minimum Wage (EP.179)
02 Dec 2020
Contributed by Lukas
On this wee's show we discuss bitcoin vs. gold, billionaires and the minimum wage, there is no perfect number for your savings goals, the downside of ...
Blog Post: Is Robinhood Good For Investors?
30 Nov 2020
Contributed by Lukas
A few weeks ago on a Zoom conference call, Michael was asked "Is Robinhood good for investors?" In this episode, Michael shares how this question cau...
Is Bitcoin the New Gold (EP.178)
25 Nov 2020
Contributed by Lukas
On this week's show we talk about the bitcoin bull market, the generational wealth gap, who owes all the student loan debt, why poor people still buy ...
Talk Your Book: Direct Indexing
20 Nov 2020
Contributed by Lukas
On today's show, Michael and Ben talk with Rusty Vanneman, Chief Investment Officer at Orion Advisor Solutions about all things related to direct inde...
Cancel All the Debt (EP.177)
18 Nov 2020
Contributed by Lukas
On this week's show we discuss vaccine Mondays, why the market doesn't care about increasing cases, what's the best age to die, making emergency funds...
Blog Post: How Much is $20 a Month Worth?
16 Nov 2020
Contributed by Lukas
Ben looks at one of the hardest problems for most people when it comes to building wealth -- regularly saving money and shows why $20/month could be w...
BLOG POST: How I Invest My Money
14 Nov 2020
Contributed by Lukas
Ben and I are trying something new. Once or twice a week we're going to read a blog post and drop it in Animal Spirits. If you like it, we'll keep go...
Talk Your Book: But What Happens Tomorrow?
13 Nov 2020
Contributed by Lukas
On today's show we talk with Michael Arone, Chief Investment Strategist at State Street Global advisors about how elections impact the market, and why...
The Vaccine (EP.176)
11 Nov 2020
Contributed by Lukas
On this week's show we discuss what a vaccine would mean for the markets and economy, why a post-pandemic market will be so difficult to handicap, the...
Trading the Election (EP.175)
04 Nov 2020
Contributed by Lukas
On this week's show we discuss how to think about your portfolio in relation to the presidential election, how markets tend to react during the post-e...
Talk Your Book: Stacker ETFs
30 Oct 2020
Contributed by Lukas
On today's Talk Your Book we welcomed back Bruce Bond from Innovator Capital Management to talk about the new Stacker ETFs. Find complete shownotes ...
The Worst Chart in Finance (EP.174)
28 Oct 2020
Contributed by Lukas
On this week's show we discuss why the price of oil is losing its luster as a macro indicator, who owns the stock market, the rise of new investment c...
Talk Your Book: Is the Fed too entrenched?
23 Oct 2020
Contributed by Lukas
On today's Talk Your Book, Michael and Ben speak with Marvin Loh of State Street Global Markets about all things related to interest rates, the federa...
Bad Ideas (EP.173)
21 Oct 2020
Contributed by Lukas
On this week's show we discuss why baby boomers are selling out of stocks, the 4% rule, the newest star fund manager, why FICO scores are rising this ...
Talk Your Book: What's In an Index?
16 Oct 2020
Contributed by Lukas
On this edition of Talk Your Book we spoke with Laurence Black, founder of The Index Standard about how to pick the right products, ETFs and indices f...
Bearish the Whole Way Up (EP.172)
14 Oct 2020
Contributed by Lukas
On this week's show we discuss why it's impossible to invest based on the outcome of the election, how the market's reaction evolves over time, the co...
Talk Your Book: Protecting the Tails
09 Oct 2020
Contributed by Lukas
On this edition of Talk Your Book we sat down with Simplify Asset Management's Paul Kim to discuss how investors can protect their portfolios from bo...
Living Through History (EP.171)
07 Oct 2020
Contributed by Lukas
On this week's show we discuss how crazy it is to live through a period of time that will go down in the history books, why this recession has been de...
A Random Talk with Burton Malkiel
02 Oct 2020
Contributed by Lukas
On today's show we sat down with Burton Malkiel, author of the classic book A Random Walk Down Wall Street. Find complete shownotes on our blogs......
Worst Recession Ever (EP.170)
30 Sep 2020
Contributed by Lukas
On this week's show we discuss some bright spots from the pandemic, the massive real estate boom, the housing shortage, more diversity in the stock ma...
Talk Your Book: Investing in Gold
25 Sep 2020
Contributed by Lukas
On today's show we spoke with George Milling-Stanley, Chief Gold Strategist at SSGA about all things related to investing in Gold. Find complete show...
It's Hard Being Rich (EP.169)
23 Sep 2020
Contributed by Lukas
On this week's show we discuss a minor correction in the stock market, why the upper middle class has so much debt, why fame and wealth don't always l...
Everything You Need to Know About Retirement (EP.168)
18 Sep 2020
Contributed by Lukas
On this show we do a deep dive on everything retirement-related including how much you need to save, how much is enough, what happens when you get a l...
Upside Down Markets (EP.167)
16 Sep 2020
Contributed by Lukas
On this week's show we discuss some work from home backlash, parents vs. single people in the office, where inflation comes from, the new fiscal polic...
Democracy Has Failed (EP.166)
09 Sep 2020
Contributed by Lukas
On this week's show we discuss why tech stocks are finally selling off, why the best companies have to crash, stopping a depression in its tracks, the...
The Economics of Parenting (EP.165)
04 Sep 2020
Contributed by Lukas
On this episode we discuss the finances of parenting from what you need to buy, how to prepare yourself financially and emotionally, the cost of dayca...
Asset Price Hyperinflation (EP.164)
02 Sep 2020
Contributed by Lukas
On this week's show we discuss modern market cap theory, the continued move higher in Tesla shares, the Fed's new inflation mandate, millennials are f...
Talk Your Book: Sectors & The Business Cycle
28 Aug 2020
Contributed by Lukas
On today's Talk Your Book we sat down with State Street's Matt Bartolini to discuss investing in different sectors of the stock market and what these ...
Trickle Up Economics (EP.163)
26 Aug 2020
Contributed by Lukas
On this week's show we discuss the potential for a spending boom when the pandemic is over, what happens to all of the government debt we're racking u...
How to Spend Your Money (EP.162)
21 Aug 2020
Contributed by Lukas
On this episode, we do a deep dive on budgeting, conscious spending, classflation, the two types of budgets, how to plan for infrequent expenses, how ...
The Four Most Dangerous Words (EP.161)
19 Aug 2020
Contributed by Lukas
On this week's show we discuss the speed of bear market recoveries, signs of inflation, the hardest problem in finance right now, which stocks day tra...
The Smart Money (EP.160)
12 Aug 2020
Contributed by Lukas
On this week's show we discuss what low bond yields may be telling us, why the stock market is smarter than people give it credit for, the rise of inv...
The Economics of Homeownership (EP.159)
07 Aug 2020
Contributed by Lukas
On today's show we talk about one of the most important topics in personal finance, home ownership. Michael and Ben discuss renting versus buying, ho...
S&P 5 (EP.158)
05 Aug 2020
Contributed by Lukas
On this week's show we discuss tech stock monopolies, Microsoft potentially buying TikTok, why more people are buying houses, what to do if your frien...
Fixed Income Investing in a Low Rate World
31 Jul 2020
Contributed by Lukas
On this edition of Talk Your Book we discuss the challenges of investing in a bond market will generationally low interest rates with Marvin Loh from ...
The Golden Age of Fraud (EP.157)
29 Jul 2020
Contributed by Lukas
On this week's show we discuss why market cycles are happening in record time, parallels to the 1990s, speculative frenzy, anecdotal stock market sign...
10,000 Day Traders (EP.156)
22 Jul 2020
Contributed by Lukas
On this week's show we discuss new all-time lows in mortgage rates, why this is no normal recession, hopes and questions for a vaccine, Betterment vs....
This is a Bubble (EP.155)
15 Jul 2020
Contributed by Lukas
On this week's show we discuss the bubble behavior in Tesla, Elon Musk becoming richer than Warren Buffett, Robert De Niro is going broke, simple com...
The Future of Education (EP.154)
08 Jul 2020
Contributed by Lukas
On this weeks show we discuss the two types of investing mistakes, hangovers and sunburns, when markets actually make sense, migration out of big citi...
Existential Hurricane (EP.153)
01 Jul 2020
Contributed by Lukas
On this week's show we discuss growing worries about the economy, a double-dip depression, why the Fed may have to backstop the banks, shorting commer...
Inflation Ahead (EP.152)
24 Jun 2020
Contributed by Lukas
On this week's show we discuss Jeremy Siegel's inflationary scenario for the market, why it's time to stop complaining about the Fed, why poverty in t...
Talk Your Book: Advisor Solutions with Helios
19 Jun 2020
Contributed by Lukas
On today's show we talk with Chris Shuba, founder and CEO of Helios Quantitative Research. Helios partners with financial advisors to create a unique ...
The Opposite of a Falling Knife (EP.151)
17 Jun 2020
Contributed by Lukas
On this week's show we discuss who is driving market prices right now, Robinhood's PR dream, the Hertz bankruptcy story, Dave Portnoy's day-trading es...
Stock Market Euphoria (EP.150)
10 Jun 2020
Contributed by Lukas
On this week's show we discuss the insane move in the stock market from the lows, the surprising unemployment numbers, underestimating the Fed, going ...
Talk Your Book: How to Make Better Financial Decisions with Daniel Crosby
05 Jun 2020
Contributed by Lukas
On this Talk Your Book we chat with Daniel Crosby about behavioral psychology, why we're not wired to manage money, how to improve your financial deci...
The Unluckiest Generation (EP.149)
03 Jun 2020
Contributed by Lukas
On this week's show we discuss the saddest week in a long time, post-traumatic growth, 2020 vs. 1968, why working from home is a privilege, inequality...
Valuations Don't Matter (EP.148)
27 May 2020
Contributed by Lukas
We discuss why Zoom is worth more than the 5 biggest U.S. airlines, how many of the pandemic stocks are here for good, Spotify taking over the podcast...
Talk Your Book: Investing in Corporate Real Estate
22 May 2020
Contributed by Lukas
On today's show we talk about all things related to corporate real estate in the United States. How has it been affected by COVID-19, what does the fu...
Is the Stock Market Wrong? (EP.147)
20 May 2020
Contributed by Lukas
We discuss what a potential vaccine means for stock market, we could see a bubble after this, retail bankruptcies, the food delivery business, why the...
Too Young, Too Dumb and Too Inexperienced (EP.146)
15 May 2020
Contributed by Lukas
We discuss inequality among corporations, differences in the unemployed by education, the best new restaurant in the country just went out of business...
Fallen Angels (EP.145)
13 May 2020
Contributed by Lukas
We discuss why stocks aren't doing better in countries with a better virus response, why portfolio managers hate the Fed, how are the airlines going t...
Whatever It Takes Squared (EP.144)
06 May 2020
Contributed by Lukas
On this week's show we discuss Warren Buffett's annual meeting, why Berkshire didn't buy anything, crisis buzzwords, the death of commodities, retaile...