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cover of episode Is Financial Education Working? (EP.413)

Is Financial Education Working? (EP.413)

2025/5/21
logo of podcast Animal Spirits Podcast

Animal Spirits Podcast
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B
Ben Carlson
一位专注于投资教育和策略的金融专家，通过博客和播客分享投资见解。
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Michael Batnick
作为 Ritholtz Wealth Management 的管理合伙人和研究总监，Michael Batnick 是一位知名的投资专家和播客主持人。
Topics
Michael Batnick: 我一直认为投资者正在变得越来越好，散户不再像以前那样被低估。机构投资者过去认为自己优于散户，但现在这种等级制度已经不复存在。散户正在变得更加精明，他们不再是金融食物链的底端。我认为金融教育的普及是主要原因。 Ben Carlson: 我过去对散户变聪明的说法持怀疑态度，但现在我认为这得益于Vanguard等公司提供的廉价市场准入，以及Robinhood等平台在一定程度上降低了投资门槛。金融危机是一个转折点，它促使人们更加重视长期投资。信息时代通过博客、播客和社交媒体不断向人们灌输长期投资的重要性，使得人们的投资行为有所改善。恐慌行为总是存在的，但零售投资者中的恐慌人数已大幅下降。

Deep Dive

Chapters
The hosts discuss the evolving perception of retail investors, from being considered unsophisticated to demonstrating increasingly savvy investment behavior. They explore factors contributing to this shift, including improved access to financial information and resources, and the impact of long-term investment strategies.
  • Shifting perception of retail investors from unsophisticated to sophisticated
  • Role of Vanguard in providing easy, cheap market access and reinforcing long-term discipline
  • Robinhood's contribution to democratizing access to individual investors
  • Anecdotal evidence from emails showing positive impact of financial education

Shownotes Transcript

On episode 413 of Animal Spirits, ⁠⁠⁠Michael Batnick⁠⁠⁠) and ⁠⁠⁠Ben Carlson⁠⁠⁠) discuss: how retail became the smart money, why long-term investing caught on, where the money is coming from to buy the dips, chances of re-testing the lows, the Moody's downgrade, millionaires next door, takeout food culture, the broken housing market and much more!

This episode is sponsored by Nuveen and YCharts.

Sign up for The Compound newsletter and never miss out: ⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠)

Find complete show notes on our blogs:

Ben Carlson’s ⁠⁠⁠A Wealth of Common Sense⁠⁠⁠)

Michael Batnick’s ⁠⁠⁠The Irrelevant Investor⁠⁠⁠)

Feel free to shoot us an email at ⁠⁠⁠[email protected]⁠⁠⁠) with any feedback, questions, recommendations, or ideas for future topics of conversation.

 

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/)

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