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DeepSummary
Michael Batnick and Ben Carlson discuss various topics related to investing and personal finance. They talk about how small-cap stocks have underperformed large-cap stocks, but their valuations now look attractive. They also discuss how investors are pouring money into bond funds, likely anticipating rate cuts by the Federal Reserve.
The hosts share some positive news, such as Americans having higher average wages than many developed countries, and gas prices being relatively low compared to historical norms. They also analyze the performance of companies like Netflix, Nike, and IMAX, and the impact of factors like management decisions and changing consumer behavior.
Additionally, Batnick and Carlson touch on personal topics like summer vacations, watching movies and TV shows, playing card games, and the role of technology and social media in their lives. They also reflect on how people entertained themselves before modern forms of entertainment existed.
Key Episodes Takeaways
- Small-cap stocks have underperformed large-cap stocks in recent years, but their valuations now look attractive.
- Investors are pouring money into bond funds, likely anticipating rate cuts by the Federal Reserve.
- Americans have higher average wages than many developed countries, and gas prices are relatively low compared to historical norms.
- Companies like Netflix, Nike, and IMAX are experiencing varying levels of success due to factors like management decisions and changing consumer behavior.
- The hosts reflect on personal experiences related to summer vacations, entertainment, and the role of technology in their lives.
- Social media algorithms can reveal insights into a person's interests and preferences.
- Elon Musk's statements about Twitter's financial struggles and America's potential bankruptcy have sparked controversy.
- The hosts share perspectives on the divisive nature of certain activities, like playing card games and gathering around a fireplace.
Top Episodes Quotes
“And there is something to be said about fireplaces. Just so. Sitting around telling stories, drinking beer, listening to music. And we did it every night. And is it possible fireplaces are underrated? Can fire be underrated? Is that a hot take?“ by Michael Batnick
― This quote highlights Batnick's appreciation for the simple pleasure of gathering around a fireplace, suggesting that it may be an underrated activity in modern times.“Twitter is getting killed. The estimated revenue is down over 80%.“ by Michael Batnick
― This quote from Batnick highlights the financial struggles faced by Twitter under Elon Musk's leadership, reflecting concerns about the platform's future viability.“Elon, who is the wealthiest man on the planet and one of the top, I don't know, two most powerful people on the planet, right? Like, he's tweet, tweeted, America is headed for bankruptcy.“ by Ben Carlson
― This quote from Carlson underscores the influential and controversial nature of Elon Musk's public statements, particularly regarding his claims about America's financial future.
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Episode Information
Animal Spirits Podcast
The Compound
7/31/24
On episode 371 of Animal Spirits, Michael Batnick and Ben Carlson discuss: how small cap stocks got so cheap, how to improve your chances of outperforming the market, why investors are rushing into bonds, Americans make more money than you think, good news on gas prices, how the Fed can help the housing market, the best way to eat potatoes, the downfall of Nike, IMAX theaters, and much more!
This episode is sponsored by YCharts and CME Group.
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Find complete show notes on our blogs:
Ben Carlson’s A Wealth of Common Sense
Michael Batnick’s The Irrelevant Investor
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Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation.
Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.
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