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The James Altucher Show

Everyone is Lying About the Economy! | James on The Undefeated Marketing Podcast

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 10 February 2023

⏱️ 52 minutes

🧾️ Download transcript

Summary

Everybody is lying about the economy and I can't stand it anymore. I break down what people are either lying about or misrepresenting, what is actually going on, and how I'm personally investing during this time. This interview originally appeared on Phil Stutts' Undefeated Marketing Podcast. Listen on to hear why people are lying about the economy - whether it's the Federal Reserve, the media, or economists - and what they're missing.

Transcript

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0:00.0

Everybody is lying about the economy and I can't stand it anymore.

0:12.7

So I'm going to break down what I think people are either lying about or misrepresenting

0:18.1

what is actually going on.

0:20.6

And also I'm going to talk a little bit more about how I'm personally investing in this

0:26.3

economy.

0:27.3

This originally appeared on Phil Stutz podcast, so it's Phil Stutz talking to me, but I'm

0:32.8

doing most of the describing of what I think is going on an economy and I describe my portfolio.

0:38.6

I realize I didn't talk about stocks very much, but one stock that I own, a good amount

0:44.5

of, I'll talk about here in this intro, is RAP Technologies, WRAP.

0:49.5

This is not any kind of like pump and dump.

0:51.8

I've owned this for years and I plan on owning this for hopefully 10 years more.

0:57.3

So I don't care if people buy it or not.

0:59.6

The reason I'm talking about it is because this shows that I almost don't even care what

1:04.6

happens in the economy when I plan my investments because I'm long term and I'm looking for what

1:10.0

I call moonshots.

1:11.0

I'm looking for exponentially growing industries that have potential to take one dollar

1:16.5

and turn it into a hundred dollars.

1:18.6

RAP is a company I'm particularly proud of because I consider myself almost a co-founder

1:24.0

of it.

1:27.6

Essentially what was happening was I was talking to my friend Scott Cohen, this was around

1:30.0

2016 and I was staying with him for a while.

1:33.4

This is when I threw out all my belongings and was living in Airbnb and also stayed

...

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