It’s Not the Money, It’s the Mood

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 14 February 2025

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 178 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Robert Frank to discuss: how the richest people invest and spend their money, the wealth effect, how different generations view money, the soaring cost of vacations, the carried interest loophole, and much more! This episode is sponsored by Kelly Intelligence. To Learn more about the COWS and HCOW ETFs, visit: https://kellyintel.com/ Sign up for The Compound Newsletter and never miss out!: https://www.thecompoundnews.com/subscribe Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ 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 where did you grow up?
0:01.0	So, believe it or not, Josh and I are both from Merrick.
0:04.0	Okay.
0:05.0	He's older than I am, but we, there was not a lot of overlap.
0:07.0	He's like seven years older than me.
0:09.0	So we lived across the street from each other for like a week.
0:12.0	Oh, that's hilarious.
0:13.0	That's like eight years old before I moved that.
0:15.0	That's so funny.
0:16.0	So yeah, we grew Josh at a train station.
0:22.2	He saved my life.
0:22.8	I was really f***ed.
0:24.5	This was like 2008.
0:26.4	And I was an asshole in high school in college.
0:30.5	So I got kicked out of Indiana University twice.
0:33.6	But I got kicked out twice.
0:34.7	I was like real bad.
0:36.2	Did not take school seriously.
0:37.8	And so when I graduate during the crisis, I was like, oh, this is why people go to class.
0:43.3	Like, why didn't anybody ever tell me that?
0:44.8	I'm like sort of kidding, but not.
0:46.0	Like, I was really.
	...

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