117: The Big Short? Danny Moses Now Calls The Big Long – Cannabis
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 22 February 2019
⏱️ 63 minutes
🧾️ Download transcript
Summary
A Wall Street insider since 1991, Danny Moses has seen his fair share of Bull and Bear Markets and has been able to observe the markets from a number of perspectives: Municipal Bond analyst, Institutional Sell-Side Broker, Trader, and Hedge Fund Manager.
The book, and later the movie, "The Big Short" chronicled a few people who saw the housing bubble forming in 2004 and figured out how to successfully navigate through the volatility in the financial markets. Danny was part of this small group who were forward-thinking and brave enough to have bet against the market and to have participated in one of the greatest trades in Wall Street history.
During this episode, Danny will talk about investing in the emerging industry of cannabis which he now calls ‘The Big Long’. Learn how and why you should invest including what companies and categories to choose. You’ll also hear entertaining insight into “The Big Short” movie and how it compares to what actually happened in real life.
Links:
Where we are:
- Johnny FD - Malaysia, Kuala Lumpur
- Sam Marks - South Carolina
Discussed:
Time Stamps:
- 04:55 - Danny’s aggressive attitude in real life vs the movie
- 09:16 - Closing funds and not honoring redemption requests
- 13:15 - Exiting the market at the right time and a fraudulent system
- 19:14 - After the stock market crash & an introduction into cannabis
- 25:35 - “Make a small investment in something. I don’t care what it is” - @dmoses34
- 30:18 - Companies and categories to invest in within cannabis
- 34:54 - How to start your investment for a long term hold
- 40:57 - “The biggest category to me is wellness” - @dmoses34
- 41:13 - “In the markets in the US where cannabis was legal alcohol sales were dropping tremendously” - @dmoses34
- 46:25 - Reminiscing of the time right before the crash
- 50:17 - The health benefits of CBD vs THC
- 54:58 - Should you invest in cannabis?
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Transcript
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| 0:00.0 | Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. |
| 0:08.8 | Join us each week for exclusive interviews with our network of modern investors, business owners and multimillionaires to discover new ways to invest our hard-earned cash. |
| 0:18.4 | What's our boss is? Welcome to episode of 117 of the Invest Like a Boss podcast. I am in a new country, Sam. I have no idea where you are either. I'm in a new state and it is wet, cold, gray, and pretty miserable. Wow. It's not a good time of the year to be on the east coast of the USA unless you're in Florida, |
| 0:42.4 | but I just drove up to South Carolina. |
| 0:44.7 | Okay. |
| 0:45.0 | So it's winter here, no snow, and not a whole lot of fun either. |
| 0:49.3 | Well, are you, Johnny? |
| 0:50.4 | I just arrived in Kuala Lumpur, Malaysia today. |
| 0:53.7 | So I actually realized that even though I've |
| 0:56.5 | been here maybe three or four times, I've never really spent any considerable time here, |
| 1:00.5 | more than a day or two. So this is my first time checking it out and see what it's about. |
| 1:05.2 | Are you there just for a visa run or are you going to stay for a little bit of fun? |
| 1:09.4 | I'm staying for 10 days. Okay. Yeah. I'm kind of killing time between Chang Mai burning season and me going to my next destination. And I'm going to be hanging out with the German girl here for a week. Oh, okay. Interesting. Well, for anyone that goes to K.L., including yourself, I'm sure you've done it before, even if you've been there for two days. |
| 1:29.3 | But one of the coolest things you can do is just go. There's a restaurant, I think it's called the Traders, that's across from the Petronus Towers. |
| 1:37.4 | And you can go up to the rooftop at night and just stare at the Petronus Towers when they're lit up. |
| 1:41.5 | That's one of the world's coolest sites. I'll tell you, that is all inspiring, my friend. Well, that's cool. I'll definitely put out my bucket list or |
| 1:49.9 | maybe a bucket list, I guess, the two-do list for this week. One thing I really wanted to do while |
| 1:55.1 | on the plane from Shanghai to KL was watch the Big Short again on the planet. |
| 2:00.9 | Oh, yeah. |
| 2:01.7 | Because I've seen the movie years ago and I really loved it. And I was like, I need to catch up on it again. Because now that we've had Danny Moses on the show or we're going to have him on the show, I was like, I need to catch up on his character, but also just the story itself. That movie is awesome. I'll tell you, the way that they break it down and |
| 2:19.1 | make it easy to understand, a very difficult subject, easier to understand, and it's super |
| 2:24.3 | entertaining show. So I'm excited to have Danny on. You know what we're going to be talking about, |
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