The Compound and Friends

Individuals Outsmart the Pros, Live From Chicago With Ben and Callie, Morningstar CEO Kunal Kapoor

77 snips
Jun 6, 2025
Ben Carlson, Head of Institutional Asset Management at Ritholtz Wealth and author of A Wealth of Common Sense, joins Callie Cox, Chief Strategist at Ritholtz Wealth, and Kunal Kapoor, CEO of Morningstar. They tackle market surprises of 2025, the implications of government spending, and recession risks. Kunal dives deep into how AI is revolutionizing finance and the growth of active ETFs. The discussion also hints at trends affecting consumer spending, investment behaviors, and the evolving landscape of private markets.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
INSIGHT

Secular Shift in Risk Tolerance

  • A new generation of investors is embracing risk in a secular shift, not just a cyclical one.
  • This shift could lead to bubbles as risk tolerance remains unusually high.
INSIGHT

Millennials' Risk Journey

  • Millennial investors started investing scared due to the Great Recession.
  • Despite setbacks, their engagement with markets like Robinhood has grown significantly.
ANECDOTE

Michael's Early Market Lesson

  • Michael Batnick's first trade was shorting banks using an inverse ETF during a market selloff.
  • He learned from early mistakes and now advises on investing.
Get the Snipd Podcast app to discover more snips from this episode
Get the app