Episodes

I've Never Used an Emoji (EP.112)
Nov. 13, 2019

I've Never Used an Emoji (EP.112)

On this week's show we discuss the growth in auto loans, denominator blindness in debt statistics, experts on an earlier version of the world, the one-percenters, timing value stocks, infinite leverage, more surveys and much more. Find complete...
Talk Your Book: Coaching the Yankees
Nov. 11, 2019

Talk Your Book: Coaching the Yankees

On this Talk Your Book we sat down with Dana Cavalea, former strength & conditioning coach for the New York Yankees to discuss his book Habits of Champion and how he got the job of a lifetime at age 23. Find complete shownotes on our blogs... Ben...
Talk Your Book: Greg Zuckerman on Jim Simons & Renaissance Technologies
Nov. 7, 2019

Talk Your Book: Greg Zuckerman on Jim Simons & Renaissance Technologies

On today's Talk Your Book we talked with Greg Zuckerman about his new book The Man Who Solved the Market. We covered how Jim Simons built the greatest track record ever, lessons all investors can take away from Simons, how Ren Tech does it, the...
The World's Worst Investor (EP.111)
Nov. 6, 2019

The World's Worst Investor (EP.111)

On this week's show we discuss the food delivery recession, demographic wars, why people are staying in their homes longer, why teens love TikTok, how Deadspin imploded, selling out at the top, Apple wearable growth, Ashton Kutcher's personal finance...
CEO Departures (EP.110)
Oct. 30, 2019

CEO Departures (EP.110)

On this week's show we discuss company performance after a CEO leaves, never-ending finance arguments, what would happen if we banned buybacks, Elizabeth Warren's plans to break-up big corporations, Tesla as a sentiment barometer, why China matters...
Talk Your Book: Crossing Wall Street with Eddy Elfenbein
Oct. 28, 2019

Talk Your Book: Crossing Wall Street with Eddy Elfenbein

On this edition of Talk Your Book we chatted with Eddy Elfenbein about his ETF, the buy list, passively investing in active stock picking, why it's so difficult to do nothing most of the time with your investments, fulcrum fees and much more. Find...
The Least Happy Age (EP.109)
Oct. 23, 2019

The Least Happy Age (EP.109)

On this week's show we discuss the never-ending death of the 60/40 portfolio, why it feels logical and irrational to invest overseas right now, why rich people continue to work, how Blockbuster blew it with Netflix, the Influencer bubble may be...
The Undies Indicator (EP.108)
Oct. 16, 2019

The Undies Indicator (EP.108)

On this week's episode we discuss the streaming wars, recession-proof businesses, the China-NBA clash, the power of Twitter, underwear economic indicators, credit vs. interest rates, the winner of the no-fee ETF war, Robinhood's foray into banking,...
Re-Kindled: Malcolm Gladwell (EP.107)
Oct. 14, 2019

Re-Kindled: Malcolm Gladwell (EP.107)

On this edition of Re-Kindled, Michael and Ben discuss Tipping Point, Blink, Talking to Strangers, pop psychology, and Malcolm Gladwell backlash. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free...
Winners of the Financial Crisis (EP.106)
Oct. 9, 2019

Winners of the Financial Crisis (EP.106)

On this week's show we discuss how private equity came out so well from the financial crisis, what's changed in the private tech markets, algos controlling trading, how allowance to give your kids, why anecdotes don't tell the story about the economy,...
Free Trading (EP.105)
Oct. 2, 2019

Free Trading (EP.105)

On this week's episode we discuss momentum crashes, free trading for all, public vs. private markets, IPO performance, Goldman's foray into banking for the masses, healthcare inflation, rich people giving money to Ivy League schools,...
Stockpiling Cash (EP.104)
Sept. 25, 2019

Stockpiling Cash (EP.104)

On this week's show we discuss Airbnb's need to IPO, WeWork's latest PR nightmare, rich people raising cash, why now is one of the hardest investing environments ever, do interest rates impact private markets, Disney Plus, why no one will ever buy...
Michael's Brain Fart (EP.103)
Sept. 18, 2019

Michael's Brain Fart (EP.103)

On this week's show, we discuss how to pass the CFA exam, the range of performance in S&P 500 companies, factor crashes, why quants matter more than index funds, influencer ghostwriters, understanding IRRs, what Amazon could do next, the best...
Economically Unattractive (EP.102)
Sept. 11, 2019

Economically Unattractive (EP.102)

On this week's show we discuss the passive bubble talk, private market bubble talk, credit cards, stocks vs the economy, people who own the market, Jeremy Renner's social media experiment, student loan forgiveness, and much more. Find complete...
Who Are the Losers? (EP.101)
Sept. 4, 2019

Who Are the Losers? (EP.101)

On this week's show we discuss how flows affect the market, why there is no passive bubble, why small caps are always underfollowed, financial literacy differences between men and women, the Peloton IPO, why the Fed is not our savior, the Rock's...
Best Case Recession (EP.100)
Aug. 28, 2019

Best Case Recession (EP.100)

On this week's show we discuss the finances of having kids, the best case scenario for the next recession, is anyone bullish right now, hedging out the end of the world, Michael's worst take ever, Ben's student loan story, Joe Rogan, trading options,...
Re-Kindled: Amusing Ourselves to Death (EP.99)
Aug. 26, 2019

Re-Kindled: Amusing Ourselves to Death (EP.99)

On this edition of Re-Kindled, Michael and Ben discuss Amusing Ourselves to Death by Neil Postman. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at with any feedback,...
Paycheck to Paycheck (EP.98)
Aug. 21, 2019

Paycheck to Paycheck (EP.98)

On this week's show we discuss yield curve inversions, why everyone is always predicting recessions, RV indicators, bonds are expensive, who buys negative rate bonds, our new noobwhale t-shirts, VC pump & dumps, how many people live...
Talk Your Book: Invest like a Hedge Fund with Titan
Aug. 19, 2019

Talk Your Book: Invest like a Hedge Fund with Titan

On today’s animal Spirits Talk Your Book, Michael and Ben talk to Clay Gardner of titan invest. Titan is on a mission to democratize hedge fund investing. Go to for more information. Find complete shownotes on our blogs... Ben Carlson’s Michael...
Business in a Box (EP.97)
Aug. 14, 2019

Business in a Box (EP.97)

On this week's show we discuss what to make of negative interest rates, who is buying these bonds with negative rates, the new Apple credit card, the growth in takeout food, why fly swatters can't be disrupted, how Planet Fitness hacked human nature...
The Bankrupt Barber (EP.96)
Aug. 7, 2019

The Bankrupt Barber (EP.96)

On this week's show we discuss how stocks have reacted to past Fed rate cuts, why is the stock market falling, why aren't there more unicorn companies in Japan, nature vs. nurture in your finances, why Michael bought a Peloton, Noobwhale t-shirts, can...
Re-Kindled: Superforecasting (EP.95)
Aug. 5, 2019

Re-Kindled: Superforecasting (EP.95)

On this edition of Re-Kindled we discuss Philip Tetlock's masterpiece on prediction, Superforecasting. Find complete shownotes on our blogs... Ben Carlson’s Michael Batnick’s Like us on And feel free to shoot us an email at with any feedback,...
Rush For the Exits (EP.94)
July 31, 2019

Rush For the Exits (EP.94)

On this week's show we discuss intellectual shaming, power laws in the stock market, the insane number of stocks that end up losers, why are fewer people driving minivans, what would happen if the USD lost reserve currency status, will there ever be...
Broke & Overweight (EP.93)
July 24, 2019

Broke & Overweight (EP.93)

On this week's show we discuss why are fewer people subscribing to Netflix, will we ever really reach peak podcast, how many people own their home outright, what is the chance your home will go down in value over 5 years, Elizabeth Warren's plan to...