On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Greg Bond, CEO of Man Numeric and Head of the Americas for the Man Group to discuss how the private equity portfolio is constructed, screening out poor quality businesses, what private equity companies look for in investments, data and analytics within sports, Greg's experience with the Red Sox, and much more!Find complete show notes on our blogs...Ben Carlson’s A Wealth of Common SenseMichael Batnick’s The Irrelevant InvestorFeel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.comPast performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. 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.Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here:https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The conversation dives into intriguing predictions for 2025, touching on the AI bubble and economic forecasts. They reflect on financial regrets one might face at age 80 while discussing the importance of timing when to sell a winning investment. Insights into the housing cycle and market shifts, especially in real estate, are highlighted. The hosts juggle humorous anecdotes about turning 40 with the complexities of wealth and the emotional weight of investment decisions, all while pondering the evolving role of AI in finance.

Dive into the fascinating world where venture capital meets the entertainment industry. Discover how celebrity influence reshapes investment strategies and creates new opportunities for retail investors. Learn about innovative fund structures like evergreen funds and how liquidity is managed in this evolving landscape. The discussion also highlights the importance of transparency and a diversified approach in building long-term value. Get insights into navigating consumer brands and the role of strategic partnerships in WealthTech investments.

Dive into the intriguing discussion about the stock market's performance and what to expect for 2025 returns. Unpack the fascinating investment decisions of Steve Ballmer and the rise of speculative trading. Explore the psychological hurdles retirees face when transitioning from saving to spending. Delve into financial independence concepts like 'FU Money' and the importance of enjoying life experiences. Plus, enjoy humorous takes on holiday movies and the evolving norms of swimwear on vacations!

Charly Travers, a Portfolio Manager at Motley Fool Asset Management, joins the discussion to shed light on the construction of the Motley Fool 100 Index ETF. He delves into the nuances of growth versus value investing, emphasizing the unique approach polyester analysts take in stock picking. The conversation navigates the emotional hurdles investors face and the importance of forward-thinking analysis in identifying successful companies. Travers also highlights opportunities in the evolving healthcare sector and the implications of market shifts for investors looking ahead.

The discussion dives into the disconnect between the stock market and the economy. David Rosenberg shares insights on macroeconomic factors influencing current market dynamics. He highlights the challenges of high equity valuations and the risks posed by potential recessions. The conversation also touches on the implications of generative AI for productivity and investment behavior. With a critical look at policy decisions, Rosenberg advocates for a cautious approach in navigating today's economic landscape.

The hosts dive into the stark contrasts between U.S. and global stock performances, illustrating the addiction many have to U.S. stocks. They examine China's deflation and its possible impact on future economic hardships. Self-driving cars and their potential safety benefits become a humorous topic. Amid lighter discussions, they explore the viral trend of 'splitting the G' with Guinness and riff on nostalgic holiday moments, all while weaving in valuable financial insights from pop culture.

Angus Shillington, an Equity Research Analyst at VanEck, dives deep into the semiconductor industry's current landscape. He sheds light on the pivotal role of NVIDIA and discusses how other companies are catching up. The conversation highlights the complexities of investing in tech, particularly within the SMH ETF, and addresses Intel's recent struggles. They also explore the implications of geopolitics on the semiconductor sector and the importance of diversification amid the rapid advancements in AI technology.

Discover the intriguing predictions for a potential 20% stock market surge in 2025 amidst a thriving U.S. economy. Reflect on the contrasting performances of U.S. and European markets, particularly without NVIDIA. Dive into personal anecdotes around 'FU money' and what financial freedom really means. Get a humorous take on the emotional weight of haircuts and middle age perceptions. Plus, hear relatable dilemmas about choosing the right first car for teens and lively critiques of contemporary cinema.

Brendan Ahern, an expert from KraneShares specializing in Chinese tech stocks, joins the discussion to unravel the complexities of China's market. He highlights the apathy surrounding international stocks and the untapped growth potential in China. The conversation dives into the contrasting investment mindsets between Chinese and Western investors, the challenges faced by Chinese tech amidst geopolitical risks, and the impact of recent government measures on consumer confidence. Ahern offers insights on navigating valuations and the role of buybacks in enhancing stock performance.