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Animal Spirits Podcast

The Compound
Investment Strategies
Stock Market
Inflation
Tariffs
Artificial Intelligence
Private Credit
S&P 500
Investing
Housing Market
Ritholtz Wealth Management
Bitcoin
Interest Rates
China
Fixed Income
Cryptocurrency
Private Equity
Bond Market
Consumer Spending
Etfs
NASDAQ 100

Animal Spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, listening to and watching. Look for new episodes every Wednesday morning. See our disclosures here - ritholtzwealth.com/podcast-youtube-disclosures/

PublishesDailyEpisodes788Founded9 years ago
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BusinessBusiness NewsNewsInvesting

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Latest Episodes

On episode 465 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss: what can stop the stock market,... more

YouTube

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... more

On episode 464 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss: Ben's new book Risk & Reward, an ep... more

YouTube

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... more

Key Facts

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Accepts Sponsors
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Recent Guests

Michael Laughlin
Executive Director and ETF Client Product Specialist
Janus Henderson Investors
Episode: Talk Your Book: Investing in Securitization
Hamilton Reiner
From JPMorgan Asset Management
JPMorgan Asset Management
Episode: Talk Your Book: The Biggest Active ETF
Kevin Lynyak
Managing Director at Morgan Stanley
Morgan Stanley
Episode: Talk Your Book: Income and Momentum
Stephanie Larosiliere
Head of business strategy and development
Invesco
Episode: Talk Your Book: Navigating Fixed Income in a Crazy World
Erkko Etula
CEO and Chief Investment Officer of Brooklyn Investment Group
Brooklyn Investment Group (Nuveen)
Episode: Talk Your Book: After-Tax Alpha
Michael Kitces
Financial planning expert and educator
Kitsches/Innovation Institute (context given in episode)
Episode: Will AI Displace Financial Advisors? (EP. 455)
Phil Huber
Head of Portfolio Solutions at Cliffwater; private credit expert
Cliffwater
Episode: Will AI Displace Financial Advisors? (EP. 455)
Chris Galipeau
Executive from Franklin Templeton
Franklin Templeton
Episode: Talk Your Book: What's Working in the Stock Market?
David Schassler
Head of multi-asset solutions at VanEck; runs the VanEck Real Assets ETF
VanEck
Episode: Talk Your Book: The Bull Market in Real Assets

Hosts

Michael Batnick
Host of Animal Spirits; co-host; affiliated with Ritholtz Wealth Management and The Compound News
Ben Carlson
Co-host; affiliated with Animal Spirits / Ritholtz Wealth Management and The Compound News

Reviews

4.7 out of 5 stars from 3.7k ratings
  • Incredible Investing Pod

    These guys are the perfect mix of informational and entertaining. With weekly finance discussion, it’s hard to find pods that keep topics fresh. This is the pod you’re looking for, I promise.

    Apple Podcasts
    5
    nuffsbeensaid
    United States2 months ago
  • Too much bla, bla, bla

    Not much content. Just nothing.

    Apple Podcasts
    1
    Edxs
    Canada4 months ago
  • Text billionaires

    Ben talking about his wife, laughing at him through his misfortune with his cactus adventure. I thought my wife was the only one that laughed at me from my misfortune. Must be a wife thing.

    Apple Podcasts
    5
    R Orosz
    United States4 months ago
  • High recommend !

    I think I’ve listed to every episode (not to brag ) - these guys make my commute fun !!

    Apple Podcasts
    5
    Todd Victor
    United States6 months ago
  • love it

    This show is wonderful.

    Apple Podcasts
    5
    SJfromUSA
    United States7 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Positive: guests and topics like ETFs and real assets are valuable for listeners.
Positive: banter and market talk balance well.
Mixed: occasional critiques about overemphasis on politics in some episodes.
Mixed: some episodes criticized for political commentary.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Talk Your Book: Investing in Securitization
Q: How does JAAA differ from owning a bank loan ETF?
With JAAA, you own the AAA bond of a CLO rather than the loan itself; the structure creates a waterfall where higher tranches are paid first, and you gain protection from subordination, which reduces downside risk while delivering attractive yields.
Talk Your Book: Investing in Securitization
Q: What is a CLO and why do investors accept a spread over corporates?
A CLO is a pool of senior secured bank loans securitized into tranches, with the AAA tranche providing credit quality through over-collateralization and subordination; the higher yield reflects the complexity, modeling, and the relatively illiquid, less benchmarked nature of CLOs compared with traditional corporate bonds.
Talk Your Book: Navigating Fixed Income in a Crazy World
Q: Tell us about the fixed income team and how to learn more about your funds.
Stephanie introduces Invesco's global fixed income team of over 200 professionals and directs listeners to invesco.com for more information and to talk to financial advisors about their products.
Talk Your Book: Navigating Fixed Income in a Crazy World
Q: Is it more about picking the right sectors for you than trying to foresee the entire credit market?
Stephanie and the guests discuss maintaining flexibility and using diversified strategies (core plus, macro-aware allocations, and multi-sector exposures) to adapt to changing macro conditions and rate paths.
Talk Your Book: Navigating Fixed Income in a Crazy World
Q: How do you help people sort through where to look these days?
Stephanie explains that investors need to balance income, stability, and risk tolerance by considering a spectrum of fixed-income options—from ultra-short and money market funds to investment-grade and private credit—and by using ETFs to gain liquidity and flexibility without overcommitting to a single macro scenario.

Audience Metrics

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Frequently Asked Questions About Animal Spirits Podcast

What is Animal Spirits Podcast about and what kind of topics does it cover?

Two hosts discuss markets, investing, and personal life, blending market analysis with anecdotes, pop culture, and occasional political takes. Episodes frequently cover AI impacts on productivity, real asset investing, ETFs, commodity cycles, and broader macro themes, often featuring guest experts from finance and technology. The show is known for banter, practical investing perspectives, and a willingness to tackle timely, sometimes controversial topics, making it appealing to active investors who enjoy alongside-the-dial conversation and accessible explanations of strategies and trends.

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Which podcasts are similar to Animal Spirits Podcast?

These podcasts share a similar audience with Animal Spirits Podcast:

1. Ask The Compound
2. The Compound and Friends
3. Talking Wealth
4. Facts vs Feelings with Ryan Detrick & Sonu Varghese
5. The Meb Faber Show - Better Investing

How many episodes of Animal Spirits Podcast are there?

Animal Spirits Podcast launched 9 years ago and published 788 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Animal Spirits Podcast?

Recent guests on Animal Spirits Podcast include:

1. Michael Laughlin
2. Hamilton Reiner
3. Kevin Lynyak
4. Stephanie Larosiliere
5. Erkko Etula
6. Michael Kitces
7. Phil Huber
8. Chris Galipeau

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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