A Degenerate Gambler Walks Into a Stock Exchange and Ten Rules for Retirement Investing

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.7 • 2.2K Ratings

🗓️ 22 May 2020

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

A Degenerate Gambler Walks Into a Stock Exchange... What Are Your Thoughts? On an all-new What Are Your Thoughts - Michael Batnick and Downtown Josh Brown discuss the biggest topics in finance this week, including: - What should we make of massive one-day rallies in the stock market? - What if the stock market is doing a better job of tracking the real economy than we think? - Which is more dangerous for a degenerate gambler - legal sports betting or discovering the stock market? - How will restaurants and bars conform to the new health challenge and make a comeback? - What's one thing you've changed your mind about since the crisis began? - How come people seem to begin investing as bulls and then get bearish when they're older? Ten Rules for Retirement Investing Josh here - my colleague Anthony Isola put together this list of ten rules for retirement. Tony spends a lot of his time giving advice to people who aren't typically savvy about investing or finance in general. Many of his clients are teachers but these rules are truly universal. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi guys, it's downtown Josh Brown. We're here to play What Are Your Thoughts?
0:04.8	It's a Tuesday, so I'm here with Michael Batnik.
0:08.0	Michael doesn't know what I want to ask him about, and I don't know what he's going to ask me about. So stick around, play along with us, and we'll see in a minute.
0:18.0	Welcome to the compound show podcast. Each week we let you in on some of the best conversations we're having about markets, investing, and life.
0:28.0	Just a quick reminder, the host of the show are employees of Ridholz wealth management, all opinions
0:33.0	are solely their own opinions and do not reflect the opinion of Riddholz wealth.
0:38.6	This podcast is for informational purposes only and should not be relied upon for investment decisions.
0:44.8	Clients of Ritholz wealth management may maintain positions in the securities discussed
0:49.7	in this podcast.
0:50.9	Okay, here we go.
1:00.0	Okay, so I'm going to ask you about the monster day we had yesterday in the market. I think it's one of the best days. mean it's not a huge day on the year but just in general
1:06.1	It's a major day because of how many of the losing stocks had six seven nine, ten percent moves within the scope of one day.
1:15.8	Would you say that's why it was so notable?
1:18.5	It was, and before we get there, can I just say that I love your new Green Day look.
1:24.1	You look like you're in Green Day.
1:25.4	What?
1:26.4	Oh, I could.
1:27.4	Because you're like, you're like, you're like middle-aged man.
1:31.1	All right.
1:32.1	But like still kind of young, the hair young the hair the the you look good. I like it. Okay. Thank you.
1:37.1	I'll keep a cup for you. Okay. Okay. Yes yesterday was very notable for the exact reasons that you mentioned and I did a post about this
1:46.6	Yeah, outlining exactly what was going on so what happened yesterday was so interesting because and listen it's one day so it's
	...

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