Animal Spirits Podcast · The Compound

Small Caps Are Back (EP. 448)

·1 hr 4 min·5 clips
Ben reads a passage from 1913, revealing how the US today mirrors Europe's pre-WWI hubris.
Michael and Ben discuss market volatility driven by geopolitical tensions, analyze historic small cap outperformance, and explore extreme concentration in mega-cap stocks. They also touch on household balance sheets, AI limitations, and personal anecdotes about movies and family.

As heard by us

A loose but useful market chat about breadth, rates, and housing stress.

The discussion stays in the market lane, with a useful thread on broadening performance and a separate stretch on apartment owners, borrowing, and falling rents.

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Why you'd press play

Want a markets-and-life chat without the sell-side perfume?

Read the full recommendation in PlayNext →
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