Animal Spirits Podcast

In this episode, the hosts discuss Christmas arguments, green shoots in prices, inflation in the 1940s and 1970s, why index funds are not a concern, saving and investing in middle age, the extreme nature of Bitcoin, celebrating no recession in 2023, the resilience of the U.S. economy, Christmas movie recommendations, and much more!

Todd Morris, International Growth Portfolio Manager and Analyst for Polen Capital, discusses valuation discrepancies between international stocks and US stocks, the impact of the dollar on international investments, cultural differences when investing outside the US, position sizing within a concentrated portfolio, and more!

Topics discussed in this podcast include the transparency of the Federal Reserve, the crowded investor positioning in the higher for longer trade, the concentration of 'Magnificent Seven' stocks, the potential impact of AI on the stock market, correlations between GDP growth and commercials for gold and silver, a lighthearted conversation about email protocol and a frustrating basketball game, the cash-only aspect of ETFs for cryptocurrencies, the influence of social media on happiness, personal anecdotes and movie recommendations, and discussions about Godzilla, Mark Zuckerberg's doomsday preparations, and comedy shows on Netflix.

Guest Marco Hanig, Managing and Founding Principal of Alternative Fund Advisors and former Principal at AQR, discusses the basics of Private Credit, the shift from banks to private credit platforms, types of lending and interest rates, nature and attractiveness of private credit, and leverage, net current yield, fees, and due diligence in this episode of Talk Your Book.

Topics covered in this podcast include good news on the economy, the stock market's love for lower inflation, Elon Musk's role in killing inflation, getting bullish on consumer sentiment, Netflix's domination in the streaming war, timing the housing market, and seeing the best in people.

Alex Morris, CIO and President of F/m Investments, discusses important topics including interest rate vs. credit risk in bond investing, market cap weighting bonds, and the resilience of credit markets. Podcast explores strategies for optimizing income and security in credit-based funds, as well as the potential drawbacks of cap-weighted index funds in the bond market.

Topics discussed in this podcast include Charlie Munger, the influence of the Fed on inflation, negativity bias in America, narratives on bond yields, doom spending in the economy, a quiet crypto boom, and conversations about 1990s movies, investment decisions, and perfect numbers for various things.

The podcast discusses the golden grain cycle, the cost of production and expected returns for commodities, the oil market, and the impact of the US dollar on the commodity market.

Why people keep spending so much money, long droughts between new highs in the stock market, the best upside AI hedge, intelligence vs. pessimism, denominator blindness with inflation, most Americans are better off, why people are unhappy at work, when it will be a good time to buy a house again, and much more!

Nuveen Portfolio Manager Nick Travaglino joins Michael Batnick and Ben Carlson to discuss the bond market, the Fed, fixed income yields, and interest rates. They explore misconceptions and opportunities in the bond market, strategies for mitigating risk and maximizing returns, and characteristics of a bad market environment for their strategic income strategy.