On episode 376 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Josh Brown's new book, an excellent year for investors, how bullish investors are, a new record high in 401k millionaires, efficient markets, the nostalgia premium, inflation at the arcade, the wait-and-see housing market, the stresses of being a parent, drinking at the movie theater, and much more! This episode is sponsored by YCharts. Get 20% off your initial YCharts Professional subscription when you start your free trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits ► 00:00 - Intro ► 00:44 - YCharts Ad Read ► 02:12 - Small Talk/Josh's New Book Launch ► 06:51 - As Good As It Gets ► 09:56 - Really Bullish on Stocks ► 12:32 - 401(k) Millionaires ► 14:16 - Peloton ► 16:07 - Efficient Markets ► 18:23 - The Composition of Trading ► 20:19 - The Economy ► 22:22 - Deja Vu ► 23:52 - The Greatest Wealth Transfer ► 32:09 - Taxing the Rich ► 37:19 - Real Estate ► 42:01 - Founder Mode ► 45:07 - Dollar General Earnings ► 48:29 - The American Dream ► 53:19 - Movie Theaters ► 54:23 - Camping ► 58:03 - Ben Goes Pirate ► 01:01:41 - Recommendations ✉️ Sign up for The Compound newsletter and never miss out: https://www.thecompoundnews.com/subscribe 🎙️ Listen to our podcasts: The Compound and Friends: https://link.chtbl.com/compoundandfriends Animal Spirits: https://link.chtbl.com/animalspirits Ask The Compound: https://link.chtbl.com/askthecompound Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ Investing involves the risk of loss. This podcast is for informational purposes only and should not be relied upon for investment decisions and is not a solicitation or recommendation to buy or sell any securities. 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. See additional disclosures: https://www.ritholtzwealth.com/podcast-youtube-disclosures. “Likes” or other comments are not intended to be endorsements of Ritholtz Wealth Management, or their employees and are not compensated. The Compound Media, Inc, 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 with, Ritholtz Wealth Management or any of its employees. See disclaimers: https://www.ritholtzwealth.com/podcast-youtube-disclosures. #thecompound #investing #stockmarket