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The Compound and Friends

Data Centers Are the New Fracking

The Compound and Friends

Josh Brown

Business News, Business, Investing, News

4.72.2K Ratings

🗓️ 27 February 2026

⏱️ 84 minutes

🧾️ Download transcript

Summary

On episode 231 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Daniel Clifton and Chris Verrone of Strategas Research to discuss: AI's backlash, the Stock Rerating, Midterms, Anthropic vs The DoD and more!! This episode is sponsored by Grayscale and Janus Henderson Investors. Visit Grayscale.com/Compound to get started.  Learn more at https://www.janushenderson.com/ Sign up for The Compound Newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Grayscale disclosure: Grayscale is the world’s largest crypto-focused asset manager based on AUM as of 12/31/2025. For other companies in this category, AUM is considered as of most recent public disclosure. AUM is subject to change. Investing involves risk, including loss of principal. For more information, visit grayscale.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So which cartel did you join?

0:02.4

Gosh, what a nightmare.

0:03.8

Are you in the good one? I'm in the good one. I'm back. Are you in a target cartel? When we crossed over to American Airspace, I was like... Wait, so start from the beginning. I need it. Give me the whole thing. So you're in the whole... So you're giving a speech somewhere. Giving a speech, trying to get home... So there's a lot of you there.

0:22.1

There's people there for an event.

0:23.4

There's a group there.

0:24.2

And then... So you're giving a speech somewhere. Giving a speech, trying to get home.

0:39.0

So there's a lot of you there. There's people there for an event. There's a group there. And then, I'm sorry, you saw the news on Sunday. There's a little action in southwest Mexico. But made it back after four or five days. Why was the event there? Was it something international? Yeah, it was just like an international group. and it was a good opportunity to speak at that event and didn't foresee that there might be some trouble. I love Mexico, by the way. I was there. Might be my last time. I know. Might be my last time. I was at a place called the Maroma is like north of Cancun. You fly in the Cancun and drive up the coast. So that's more like East Coast of Mexico. So I was in the Belmont Maroma is, I think it's one of the best hotels I've ever stayed in. There's 25 guests there that's or something, something tiny at any one time. And I'm so sad. I can't. Like I would love to go back to Mexico. Maybe wait a little bit. No, I understand. Stay on the east side. So, all right. So, what happens? You have a flight and the hotel says nobody's leaving or you just know? Yeah, the hotel was really pretty insistent that everyone stay and just waited out. So. Like the federalities? Like the Mexican authorities? No, like, uh, hotel security.

1:28.1

It was, was pretty insistent that, that people stay and just wait for things to cool down. And fortunately, they did. And then was able to get out, uh, yesterday, Wednesday. Did you have to smuggle anything? Uh, no, I got some tequila back over the border, though, all right, which is good. Dude, we're happy to have you back.

1:42.5

You almost destroyed the show this week.

1:44.3

I know.

1:45.2

I know.

1:46.0

I was worried.

1:46.5

I mean, I was definitely worried about your life, but also the show is, you know, it's a big deal. All right. So happy you're here, dude. All right. How are we looking, John? One minute. Okay.

2:01.4

All right.

2:16.8

So, guys, we do the headphones so you can hear... Yep. So you can hear everything. Yep. You can hear yourselves talk. That way, if you get a little bit further from the mic, your own ears will tell you. Oh, sit up. Dan, how about the State of the Union address? Am I right? Oh, man. All right? It was a full movie.

2:17.5

Two hours.

2:18.4

It was two hours.

2:19.0

Two hours. Did you watch the whole thing?

2:20.4

Of course.

2:21.1

I think, right oh man it was it was a full movie two hours there's two hours two hours did you did you

2:19.3

did you watch the whole thing of course i i think it's the most entertaining thing there is i think

2:23.9

it's better than most regularly scheduled events the dumb question there's not commercials right no no

...

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