Another Fool Rushes In

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 12 June 2020

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There's a difference between luck and skill. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The five pound meal deal from McDonald's.
0:02.0	Get a cheeseburger or mayo chicken, medium fries, four McNuggets and a medium soft drink for guess what?
0:08.0	That's right, five pounds.
0:10.0	It's not called the five pound meal deal for nothing.
0:14.0	From 11 AM, not available on delivery.
0:16.0	Carbonated soft drink upgrade fees apply.
0:18.0	Participating restaurants, subjects, availability.
0:27.7	Reality Radio for a really great future.
0:29.8	We're talking real money.
0:31.8	Hi.
0:40.0	I've heard lots and lots of bad advice during my life in the media, in the financial media,
0:47.6	but I don't think I've ever, ever hurt any advice as bad as this.
0:50.9	Why take profits when every stock goes up?
0:53.2	Every airline goes up 20% every day.
0:56.6	You just wake up 20%. Losers take profits.
1:02.8	Winners push the chips to the middle and know the seven ain't coming. I should be up a billion dollars. I should be up a billion dollars. That's how right I have been about cruises and airlines.
1:08.3	They're not just up. They're up a billion percent.
1:11.2	I should be up a billion dollars.
1:12.7	Well, that is a guy who's gotten a lot of press lately.
1:15.7	His name is Dave Portnoy.
1:18.5	And his profession is not stock market analyst or professional day trader or economist or whatever.'s not even you know he's not in the
1:31.8	financial business well it kind of is he runs a sports betting website called barstool sports
	...

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