Chinese stocks soar, the New Nifty Fifty, how Acorns taught 7 million people to save and invest

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.7 • 2.2K Ratings

🗓️ 10 July 2020

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode of The Compound Show, Josh discusses this summer's huge rally in Chinese stocks, and the implications for investors when Europe and Asia seem to have done a better job addressing the pandemic. Vitaliy Katsenelson joins to talk about the problem with paying any price for growth stocks. Noah Kerner, the founder and CEO of Acorns joins Josh for a discussion about how he's taught 7 million people how easy it is to start investing at any age, with any dollar amount. Subscribe to the podcast and make sure to leave us a rating and review on iTunes, Spotify or Google. Ratings help a lot! Thank you! 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	Hey guys it's J.B. Great to be back with you this week. We have so much to go through today.
0:06.0	Plus a couple of great interviews with subject matter experts. Hang tight. Let's do the music.
0:15.0	Welcome to the compound show with downtown Josh Brown. Josh is the CEO of Rit Holt's wealth management.
0:18.0	All opinions expressed by Josh or any podcast guest are solely their own opinions and do not
0:22.0	reflect the opinion of Ritt Holt's
0:23.2	wealth management. This podcast is for informational purposes only and should not be
0:26.7	relied upon for investment decisions. Clients of Ritt Holt's wealth
0:29.7	management may maintain positions in the securities discussed in this
0:32.4	podcast.
0:35.0	Okay, I have a couple of big interviews for this week.
0:38.0	First up, we're going to talk with my friend Vitali Katzen Nelson of IMA. Vatale is a deep thinker. He is a dyed in the
0:46.5	wall contrarian. He pulls absolutely no punches about the growth stock craze
0:51.6	currently dominating the stock market.
0:54.0	Vitali is basically like, look, no matter how great of a company it is,
0:59.0	you're probably going to get either cut in half from here or see a decade of no returns when you buy stocks
1:06.4	that are selling at 30, 40, 50 times earnings.
1:11.0	He just, he says it flat out and it doesn't matter how great of a company you're buying or what their growth outlook is and I think he makes a pretty compelling case that there are some investors out, not traders, some investors out there who are taking risks that they are unaware of.
1:30.0	And if you have this history know great growth quote-unquote great companies in the 1960s and the
1:38.3	1990s and you understand what the aftermath of that was you might be doing things a little
1:44.7	bit different with your portfolio so I want you to stick around for that.
1:48.8	Vitali is great you're going to love him. I also have Noah Kerner.
1:54.0	Noah is the founder of Acorns.
	...

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