Animal Spirits Podcast · 2026-08-17 · 28 min · 5,779 words

Talk Your Book: The Most Important Thing Nobody Owns

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Today's Animal Spirits Talk Your Book is brought to you by Sprout ETFs. Go to Sprout ETFs.com to learn more about the Sprout Critical Materials ETF. It's ticker S E T M. That's Sprout ETFs dot com. Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching. All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Red Hall's wealth management.

This podcast is for informational purposes only and should not be relied upon for any investment decisions. Clients of Rydholz Wealth Management may maintain positions in the securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben. Michael, on today's show, we speak to Steve Schoftstall, who's an animation partner and head of ETFs at Sprat ETFs. Critical materials we're talking today, which is funny because you wouldn't have ever really thought of commodities. as a technology play. back in the day. There's a ton of like unintended winners I guess for this AI thing.

I don't know if anyone would have thought at the time, like, oh it's gonna be commodity material producers, obviously, right?'Cause we're gonna need all this stuff. And That is obviously one of them, though. Like if if this is gonna happen There's a ton of material

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