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cover of episode The Mother of All Bubbles (EP.389)

The Mother of All Bubbles (EP.389)

2024/12/4
logo of podcast Animal Spirits Podcast

Animal Spirits Podcast

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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认为美国经济和市场在全球占据主导地位,大量资金流入美国,这可能蕴含着风险。他分析了美国在全球主要股票指数和GDP中的占比,指出这种比例失衡值得关注。他还讨论了高收益投资的风险,以及投资者对高收益的追求可能导致的损失。此外,他还谈到了美国生产力增长远超其他国家,以及美国企业家精神和风险承担能力是其经济持续增长的重要因素。 Ben Carlson则认为,长期以来,美国市场表现优于其他地区,但这种趋势并非不可逆转。他指出,全球投资者过度关注美国市场,而忽略了其他潜在机会。他还分析了美国市场与其他地区市场的相对表现,以及均值回归的可能性。此外,他还讨论了私募信贷基金可能存在的欺诈风险,以及投资者应谨慎对待高收益承诺的投资产品。

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Chapters
The discussion centers on the US market dominance and whether it's sustainable or indicative of a bubble. The hosts explore various perspectives on US exceptionalism, market performance, and potential risks.
  • The US constitutes 70% of the leading global stock index, significantly higher than in past decades.
  • US markets have outperformed other global markets consistently over various timeframes.
  • The conversation touches on the risks of being overly invested in the US and the potential for opportunities elsewhere.

Shownotes Transcript

On episode 389 of Animal Spirits, Michael Batnick) and Ben Carlson) discuss: US exceptionalism in markets and the economy, losing all of your retirement savings, yield sells, financial nihilism, the downfall of the CFA, the greatest trades of all-time, a 10 year outlook on housing prices, the bull market in podcasts on YouTube, the psychology of tipping, and much more!

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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.

Public disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account) to learn more.

 

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:

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