Has the World Gone Crazy? | Animal Spirits 362
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- Опубліковано 28 тра 2024
- On episode 362 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the great Bill Walton, how many people own stocks and houses in America, how the internet and outrage culture broke surveys, 401k millionaires, what inflation means now, the Home Alone house is on the market, the best personal finance traits, and more!
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No timestamps? Crazy.
Time stamps
I have no choice but to watch the entire video now.. :)
You would've skipped the whole episode! Totally irrelevant BS.
Enjoyed the Bill Walton tribute Michael! Thank you sir! 😂
Same! I heard it here first! 🫤🫤🫤🫤🫤🫤🫤
Brilliant comment about the gap never being filled on Michael’s car!!! Hilarious 😂
"Before internet, after internet." I LOLd 😆
RIP Bill Walton, a San Diego legend, such a personable guy, national treasure.
San Diego in the house?
39:25 I am close in age to Benjamin and Michael. 9/11 -> 2008 Fin. Crisis -> Covid-19. We are trained well to be prepared and cautious. lol
I remember when Michael said rates will never be 6-8 percent again
Another brilliant show guys, thank you.
Michael: Can I watch this? Ben: yeah it’s kinda raunchy. LOL
1999 is actually the best year for movies. that's just facts. no year before that and no year after that. 1999 was the golden year for movies.
2000 was Boiler Room. Close enough.
And music with Nü Metal at its peak
Excellent guys! I found the seventies as kind of a rough time. But I managed, saved, invested, and retired.
hey it's Bald Batman and Ben j Powell.
Michael, you should get one of those Foxwell OBD II scanners. My check engine light came on and I found out immediately that it’s my Cat Converter
John Hughes movies are the ultimate late 80s early 90s movies. Reference Jay and Silent Bob in Dogma.
Great episode.
54:42 like jan from the office said - why does the phrase "under par" mean bad when in golf it's good.
51:56 used Maseratis are relatively cheap and have the worst/best depreciation
The All In Podcast talked about the same survey and I urge people to listen to their take. I think that people’s “negativity” is real and as consumers our buying power has decreased significantly
NVDA is the singularity!
Question for Michael: does gap get filled like principal also work the other way
Mike! Try Carvana, they pay well. Just sold a car and it was no hassle.
Nice jersey Michael!
Right there with you on Dune , Ben
I for one would like to have updates on Michael's car situation and broken tiller wheels. Financial misadventures are fun to listen to.
I live in a townhouse in Silicon Valley. Those are still expensive but relatively cheap by Silicon Valley standards. I was walking down my row and peeked into an open garage. There was a Ferrari standing there. My mind was blown.
(The back story here is the dude who owns it has his parents in the townhouse and had temporarily parked it)
George Costanza logic @ 11:15
Gap ups explained 💯 lol
Many of the people who sold their stocks during the gfc did so because they had to do so to eat and survive wasn't a matter of choosing from a menu or f investment options.
I'm late! Catching up though! Party On! 🥳✌️🥳✌️🥳✌️
What a great way to start a sentence: "I've never been a cowboy..."
🔥 Blazers jersey RIP Bill
On VOO, do not forget foreign investment. That's a huge chunk.
acronym for "After Internet" is A.I. - that seems right
There's also a massive gap in NVDA in the 300s from 2023. Is that really gonna get filled Michael?
His gaps always get filled argument is some Day 1 Discord day trader logic I love it (but also nvda will one day swoon *hard* again. But only clowns sell new highs)
Boy oh Boy I sure hope not! 🥳🥳🥳🥳✌️✌️✌️✌️
48:10 - looks like a chart crime to me. On the graph, the bar for personal finances was "at least okay." Local and national economies were "good or excellent." Different standards, different results. I wouldn't be surprised if the pattern is the same for all 3 if the same criteria was applied.
ben is right on with the 'no house screw it im spending'
51:54 What the heck was that? Where did the reaction emoji come from? 😂
Didn't Mike say the gap would be filled after NVDA shot to 400? I think he was on one of the videos with Josh, saying,' we're gap fill guys', or some such. Anyway, Still waiting for that one to fill. When, oh when.
You guys are spending too much time on surveys that... you are saying are crap!
“Is your Dad a big man Jake?”
Gaps get filled because the market was denied the ability to buy or sell at that "price" or "value" so market forces eventually creat that area of no price, as potential and therefore it becomes an actual price.
Do you have Gap coverage, Michael?
Robert Horry is “fine” with winning seven championships 😂
Big Shot Rob!
Ha! Maybe they meant broadcast TV?
Walton was also a top ten all time college player and a legend in the pros, seemed odd to not mention that at all as I’m sure you know as a huge sports fan.
MICHAEL WHEN ARE YOU GONNA BREAK OUT THE GLASSES AGAIN
That look went SO HARDDDDD
"Points" can mean almost anything that you accumulate. Not always good.
Like in Formula 1 you have:
- driver/team points which are good
- superlicense points which are good (need enough to drive in F1)
- but also penalty points for bad/dangerous driving that can get you suspended.
Or think about your driver's license. Get some tickets/accidents and you get "points" or "demerit points". Too many and you can lose your license.
Some colleges/universities use a point system for violating rules/codes of conduct.
"Stock market gets bigger so these companies get bigger". Nice job Ben. Finally someone's being honest that it's not about the companies.
I see the seinfeld lego apartment
I actually preferred Dune 1 as well. I think mostly because it had more of the conflict between the Houses, and because the betrayal in Dune 1 is just so much more dramatic and emotional. it has more about discovering what is going on in all scheming and the planning, whereas in Dune 2 it's more about them carrying out what they revealed was to happen in Dune 1.
Good take, I agree. Plus I was expecting more resolution to the story but have since learned from here it wanders off into some weird man/worm hybrid stuff that frankly doesn't interest me.
Hey Mike on your 20:00 point how can you have "The best" and "The worst" work life balance at the same time, not defending any of their surveying, but it looks like from the chart ~40% of people thought it was the worst work-life balance and ~20% of people surveyed thought it was the best. It's just showing the skew of people's opinions on this.
IS BATNICK WEARING A BILL WALTON JERSEY? FCKN LEGEND,
man we are losing people left and right. Make your money but enjoy it too!
Having to seeing a movie in the theatre means the movie is lacking something. Ben with the stones to say what a lot of people are thinking
Call them strikes instead of points.
52:38 Good PSA from Michael here. Never use those guys unless you want to sell. Credit Karma is pretty chill on reaching out to you and still gives the same basic info.
First dune movie is much better if you are a book reader.
ben has never been a cowboy
First! Also, indeed, what a legend. RIP.
Yeah not too long ago you had to pay for a trade. You started in the red lol. Definitely different barriers in the past in regards to stock ownership.
Greatest podcast of all time!!!! We love the compound!
Also coming later this summer for home buyers: you're going to have to pay for your own broker. Have fun with that lol.
Why would anyone think that Amazon should be worth more than NVIDIA? One is a bookstore that turned itself into an increasingly shitty dropshipping company, the other is the global leader in semiconductor design whose tech is desperately needed all over the world and which can't keep up with demand.
RIP Bill
When it comes to music, there is only GABCDEF so there are only so many combinations u can come up with before melodies & rhythms start repeating. There is also a finite number of emotions & subsequent themes. There's lots of remixed music these days, despite the fact that the song they're remixing was a remix itself! I remember as a kid thinking 70s & 80s fashion would never come back but here we are. Look at how kids dress today. Even the tight pants that were in fashion during the middle ages are back. Also hoodies are nothing new in that sense. U may be wowed by a great new movie or show these days but it's highly likely that it borrows from a classic piece of literature or a classic movie, maybe even the bible (as Star Wars did).
Ben... after internet.... is AI
VOO is great and better return than Cash.
Jackie Chan to play Jenson Huang in a NVDIA movie 🎥 🍿
Scarlett Johansson to play Chat GPT in the movie
one thing is that you two are very privileged in terms of your lives and income. Many of us here are doing well, but for most people out there this economy is very hard.
I love the show but can I make a suggestion guys? Could you do more international stuff? Maybe market weighted, 60/40 US/XUS? Maybe that appeals to you Ben😅
It's just when it's 90% US It's just too much and too focused on the US. I feel like there's tons of good international stuff you guys don't cover or hardly cover just to talk about the same things over and over and over again in the US.
Equalizers blow
Whoa, whoa, whoa. What were they doing in the 70s? Drugs and sex.
I love watching you all and your podcasts on Wednesdays. But lowkey this is one of the most disconnected from middle america episodes I have ever listened to. Hate to say it but you all are so far out of what normal Americans go through so hard to value your opinion much
The great thing about your podcast, guys, is that I can leave it on, go crack open a beer, watch the sun set, then come back and know I haven't missed anything.
Batnick, please never talk about cars again so I can keep enjoying your podcast
I think the economy is broken and not fine for 'most' people. The economic numbers look great because the ones with assets are gaining and spending. For most businesses, they are in rolling recession.
Real unemployment is 20%. Think of how many children aren't working.
There’s plenty of supply what are you talking about?? This dude refuses to ever go on Zillow and check out properties for sale lmao
Hey guys, I really liked your survey analysis. The All-In Podcast analyzed the same survey results and basically had the populist take that “these elitist stats are wrong, the economy and the inflation and the unemployment actually are that bad, the people are right”. I find your challenging of the surveys and polls themselves to be a much more compelling explanation. Thanks!
I think you’re far overestimating the “average” person with surveys. I hear every single day from coworkers and people at the grocery store that things have never been worse and that. There are a ton of truly stupid people who believe anything and everything that gets thrown at them.
Unsustainable
Your Dune take is wild Ben. It's your opinion, but your opinion is very wrong.
Dune 2 was garbage. Great episode tho!