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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

Education, Business

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. Listen as I break down what people are misrepresenting, what is actually going on, and how I'm personally investing during this time.One stock that I own a good amount of is  Wrap Technologies, which I've owned for years (as a co-founder). I plan on owning it for hopefully 10 more years, so I don't care if people will buy it or not. Here's why I'm talking about this: I don't particularly care about what happens in the economy when I plan my investments. When I invest, I'm long-term and I'm looking for "moonshots" - exponentially growing industries that have the potential to take $1 and turn it into $100s.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.Phillip Stutts' WebsiteThe Undefeated Marketing PodcastWRAP | Safer Policing Outcomes | BolaWrap® & Wrap Reality™ ------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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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