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Masters in Business

Bonus Episode: Barry Joins Bloomberg Hot Pursuit!

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 22 November 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Barry Ritholtz joins Hannah Elliott as co-host for this week's edition of the Hot Pursuit! podcast. It's a new show focused entirely on cars. Listen for drive reviews, news updates and dealership details from auto industry insiders.

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See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

I'm Barry Ritholz and I'm Hannah Elliot and this is Hot Pursuit.

0:07.0

So today we have a special treat Barry Redholz's back again to co-host with me.

0:18.8

Matt Miller, our usual co-host is out because his wife is having a baby this week, so I guess that takes precedence.

0:26.4

And rightfully so over recording a podcast.

0:29.4

But we have a lot of really fun things to talk about.

0:31.9

First up, Aston Martin, owner, Lawrence Stroll, has

0:34.4

sold a minority stake in his Aston Martin Formula One team. Then we'll talk about

0:39.4

the Formula One race in Las Vegas, which was a wonderful glittering circus so we can get into that that was fun and then I want to talk about this Michael Man Ferrari movie that we've been hearing about and then let's see I drove the Outie SQ8 E-Tron last week.

0:54.2

We can talk about that and then what are you driving over the holiday?

0:56.8

So let's get right to it.

0:58.4

Barry, thank you so much for joining us.

1:02.0

Let's talk about this Aston Martin sell-off. Did you see the news and

1:06.1

how did that strike you? You know it's not a wholesale transaction. It's a minority stake

1:12.1

suggests a you know f1 teams have gone up in value dramatically

1:17.2

partly due to drive to survive on Netflix it looks like someone is taking a little profits off the top. I'm not

1:25.1

reading more into that unless you're gonna break some news. No, you know, it's

1:30.4

really interesting. I did talk with Lawrence Stroll in Las Vegas and you

1:35.5

know you kind of hear things trickling through the grapevine oh this is an

1:39.5

indicator he's not committed he's just trying to siphon off some of his shares but you know he really

1:45.7

really tried to reiterate the fact that that is not the case he's a hundred percent committed

1:50.5

he did say repeatedly that the raising team is profitable, so this wasn't about raising cash.

1:56.6

This was more about trying to leverage some of the other franchises at this equity firm.

...

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