Michael Batnick
Managing partner at Ritholtz Wealth Management. Writes the blog The Irrelevant Investor and co-hosts the Animal Spirits podcast with Ben Carlson.
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Recommends rcmnd
rcmnd What they recommend 4 things — each backed by an exact quote.
Compiled by rcmnd.app, not by them: the quotes are theirs, and each links to the post it was copied from.
Recent
Loved Reminiscences of a Stock Operator
It was perfect timing, as I had just read Reminiscences of a Stock Operator and was convinced I was going to be the next Jesse Livermore.
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Liked The Little Book of Common Sense Investing
His ideas resonated with me, and I remember being particularly intrigued that index funds were endorsed by Warren Buffett.
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What others say about The Little Book of Common Sense Investing →
Disliked A Random Walk Down Wall Street
I found his whole premise so preposterous.
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Show 1 more
Liked The Intelligent Investor
Graham’s ideas made so much sense to me, not really the stuff about valuing a business, because I didn’t know the first thing about accounting, but the notion that the value of a business is irrelevant in the short-run.
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Where they publish
Blog The Irrelevant Investor Frequent short posts on markets and investor behavior. Has a feed.
Charts and short commentary aimed at explaining what is actually happening in markets, and why investors so often act against their own interest.
Open theirrelevantinvestor.com
Recent
- The Compound and Friends: An Economy So Good No One Can Live In It 23 Oct 2026 Sponsored Affected by Fidelity’s New Minimum? Get Exceptional Transition Support With Betterment Advisor Solutions Betterment Advisor Solutions is the all-in-one custodial platform for independent RIAs, with no custody…
- Animal Spirits: It's a Bloodbath 21 Oct 2026 Sponsored Affected by Fidelity’s New Minimum? Get Exceptional Transition Support With Betterment Advisor Solutions Betterment Advisor Solutions is the all-in-one custodial platform for independent RIAs, with no custody…
- Talk Your Book: The Case for Value and Momentum 19 Oct 2026 Today's Talk Your Book is sponsored by Victory Capital: To learn more about Victory Capital click here: www.vcm.com On today’s show, we discuss: Why value and momentum can be complimentary factors How buffering rebalanc…
Show 17 more
- The Compound and Friends: How OpenAI Could Cause a US Recession 16 Oct 2026 Today's Compound and Friends is brought to you by VanEck and Janus Henderson: This episode is sponsored by VanEck. To learn more about RAAX, visit https://www.vaneck.com/RAAXCompound. This episode sponsored by Janus Hen…
- Animal Spirits: Are Higher Rates Worse Than ZIRP? 14 Oct 2026 Today's Animal Spirits is sponsored by ProShares and Janus Henderson: This episode is sponsored by ProShares. Explore their full range of ETFs and market insights at https://proshares.com/animalspirits. This episode spo…
- Talk Your Book: Will AI Debt Cause a Recession? 12 Oct 2026 Sponsored Help take some of the turbulence out of investing abroad International markets can broaden a portfolio, but the ride can get bumpy. LVHI seeks to smooth the journey with lower volatility and high dividend inco…
- The Compound and Friends: This Is Where the Rubber Meets the Road 9 Oct 2026 Sponsored Help take some of the turbulence out of investing abroad International markets can broaden a portfolio, but the ride can get bumpy. LVHI seeks to smooth the journey with lower volatility and high dividend inco…
- Animal Spirits: Sudden Wealth Syndrome 7 Oct 2026 Sponsored Help take some of the turbulence out of investing abroad International markets can broaden a portfolio, but the ride can get bumpy. LVHI seeks to smooth the journey with lower volatility and high dividend inco…
- Talk Your Book: How Higher Rates Are Re-shaping Commercial Real Estate 5 Oct 2026 Today's Talk Your Book is brought to you by Benefit Street Partners, a Franklin Templeton Company: To learn more click here: http://www.credopp.com/ On today’s show, we discuss: How real estate credit could offers more…
- The Compound and Friends: Is Gen Z Completely Cooked? 2 Oct 2026 Today's Compound and Friends is brought to you by J.P. Morgan and Janus Henderson: This episode sponsored by ROCY and ROCQ from J.P. Morgan Asset Management. Learn more at https://www.jpmorgan.com/income This episode sp…
- Animal Spirits: Will Higher Rates Kill the Stock Market 30 Sept 2026 Today's Animal Spirits is brought to you by YCharts and Janus Henderson: This episode is sponsored by YCharts. Visit https://go.ycharts.com/animal-spirits to get 20% off your initial YCharts Professional subscription, n…
- Talk Your Book: The Next Generation of Income Strategies 28 Sept 2026 Sponsored Looking for a simpler way to invest Foolishly? Motley Fool Asset Management factor ETFs give you exposure to 100 Foolish stock picks in a single trade. Our three newest funds pursue Innovative Growth (MFIG), V…
- The Compound and Friends: People Hate These 5 Stocks But They'll Be Wrong 25 Sept 2026 Sponsored Looking for a simpler way to invest Foolishly? Motley Fool Asset Management factor ETFs give you exposure to 100 Foolish stock picks in a single trade. Our three newest funds pursue Innovative Growth (MFIG), V…
- Animal Spirits: The Wobbly House of Cards 23 Sept 2026 Sponsored Looking for a simpler way to invest Foolishly? Motley Fool Asset Management factor ETFs give you exposure to 100 Foolish stock picks in a single trade. Our three newest funds pursue Innovative Growth (MFIG), V…
- Talk Your Book: Price is the Ultimate Factor 21 Sept 2026 Sponsored Build Your RIA Your Way with Betterment Advisor Solutions Betterment Advisor Solutions is the all-in-one custodial platform purpose-built for independent RIAs. Get the technology and support to serve more clie…
- The Compound and Friends: Tom Lee and Dan Ives Explain Everything 18 Sept 2026 Sponsored Build Your RIA Your Way with Betterment Advisor Solutions Betterment Advisor Solutions is the all-in-one custodial platform purpose-built for independent RIAs. Get the technology and support to serve more clie…
- Animal Spirits: How to Talk To Your Clients About Ray Dalio 17 Sept 2026 Sponsored Build Your RIA Your Way with Betterment Advisor Solutions Betterment Advisor Solutions is the all-in-one custodial platform purpose-built for independent RIAs. Get the technology and support to serve more clie…
- Talk Your Book: Why Aren't There More IPOs? 14 Sept 2026 Today's Talk Your Book is sponsored by VanEck: To learn more about VanEck click here: vaneck.com/PrivateMarketsCompound On today’s show, we discuss: Why 2021 produced disconnected valuations for late-stage startups How…
- The Compound and Friends: The Most Interesting Macro Moment of My Lifetime 11 Sept 2026 Today's Compound and Friends is brought to you by Franklin Templeton and Vanguard: This episode is sponsored by Franklin Templeton. Learn more at www.ftprivatemarkets.com This episode is sponsored by Vanguard. Learn mor…
- Animal Spirits: Everywhere Millionaires 9 Sept 2026 Today's Animal Spirits is sponsored by CME Group: This episode is sponsored by CME Group. To learn more about E-nano futures, visit: https://www.cmegroup.com/enano Animal Spirits: Animal Spirits Podcast Animal spirits i…
Link verified 8 Sept 2026. Recent items update automatically from the channel.
x.com @michaelbatnick Short-form market commentary, several times a day.
The same voice as the blog, faster and shorter -- charts, one-liners, and reactions to the day's market news.
Recent
- One of the main reasons so many breadth indicators are off the charts is because the concentration in the index is like nothing we've ever experienced. The top 5 stocks in the S&P 500 are equal to the bottom 434. (67-500) 8 Oct 2026
- One of the craziest stats in financial history: Berkshire could fall 99% and still match the growth of $1 of the S&P 500 since 1965. H/t @MebFaber 22 Sept 2026
- Micron just went on an all-time heater. Today at the open, Micron was the 10th largest stock in the S&P 500. Over the last five years, the average rank was 89. It ran from 127 last April to 10 today. Chart by @mattcerminaro 12 May 2026
Show 17 more
- Software is crashing again today. The two-day move from Wed-Thursday was a complete outlier. We've never seen the S&P 500 up that much with software down that much. 10 Apr 2026
- Wild market. We haven't seen anything like this since the dotcom bubble burst. Over the last 8 sessions, 115 stocks in the S&P 500 have decline 7% or more in a single day. The average drawdown when that happens is 34%. Right now we're 1.5% below the all-time high. 12 Feb 2026
- Wait, the bathrooms at a festival cost how much??? We peeled back the curtain for a behind the scenes look at the biggest event in wealth management. 12 Feb 2026
- Had a great time talking with the great @WilliamCohan about the epic battle for Warner Bros. Discovery. 22 Dec 2025
- Netflix Killed Hollywood. Then Covid Buried it. 10 Dec 2025
- Loved this question/answer from @patrick_oshag and Barry Diller. 3 Dec 2025
- If this is the end for Tim Cook, his run will go down in history. Over $700 million of market cap has been added on average every day since he took over as CEO in 2011. Chart by @mattcerminaro 17 Nov 2025
- Here's a chart 30 Oct 2025
- $4 Trillion is Not a Lot of Money Why Digital Assets Could Just be Getting Started 23 Jul 2025
- The Relentless Ask Private Markets Are Eating the World 18 Jun 2025
- I wrote about one of the biggest trends in the wealth management industry over the last decade. 15 Jun 2025 theirrelevantinvestor.com
- The story behind how we opened up our second headquarters in Chicago. We'll be there next month, and we'd love to see you. 8 May 2025 theirrelevantinvestor.com
- There was a lot to like about the commentary from Q1 earnings season. I'm afraid we'll hear a different story next time. 26 Apr 2025
- Who Are You Listening To? 13 Apr 2025
- Terrified and Long; When Will Investors Capitulate? 12 Apr 2025 theirrelevantinvestor.com
- How could that be the bottom? We haven't even felt the impacts of tariffs yet? I have no idea if that was the bottom, but the market bottoms during the storm, not after it passes. 2020 was the perfect example of this. Stocks bottomed 13 months before EPS did. 10 Apr 2025
- He Pushed the Red Button 4 Apr 2025
Link verified 8 Sept 2026. Recent items update automatically from the channel.
Podcast Animal Spirits Co-hosted weekly with Ben Carlson. Two hosts talking, so it is their own voice.
A weekly conversation with Ben Carlson (also on this site) about markets, life and investing -- what they are reading, writing and watching that week.
Link verified 8 Sept 2026.
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