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Motley Fool Hidden Gems Investing

Michael Lewis on The Undoing Project

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 10 March 2017

⏱️ 40 minutes

🧾️ Download transcript

Summary

Facebook signs a deal to stream soccer. Vail Resorts heats up. And Bojangles' stumbles. Plus, best-selling author Michael Lewis talks about his new book, The Undoing Project: A Friendship that Changed Our Minds.     Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode of Motley Fool Money is brought to you by Casper an online retailer of premium

0:03.9

mattresses for a fraction of the price because everyone deserves a great night's sleep.

0:08.4

Get $50 off any mattress purchase by visiting Casper.com slash Fool and enter the promo code Fool.

0:14.6

Everybody needs money. That's why they call it money.

0:30.4

From Fool Global headquarters, this is Motley Fool Money. It's the Motley Fool Money Show.

0:34.9

I'm Chris Hill and joining me in studio this week for a million dollar portfolio,

0:38.0

Jason Moser and Matt Argersinger and from Hidden Gems Chief Investment Officer Andy Cross.

0:43.2

Good to see you as always, gentlemen. We've got the latest headlines from Wall Street.

0:47.4

Best selling author Michael Lewis is our guest this weekend. As always, we'll give you an

0:51.3

inside look at the stocks on our radar. But we begin with the beverage industry. Move over soda.

0:57.1

There is a new leader in the US. According to the latest research, Americans drank more bottled

1:03.4

water in 2016 than soda and Jason. We've seen soda consumption on the decline for over a decade.

1:10.0

But I was still a little surprised by this news. I actually was not in the reason why is because I

1:15.6

look at myself and I think, wow, if I, I mean, I have been so ingrained in my diet coke habit for so long.

1:22.8

And if I have made such a drastic change in my diet coke consumption and I really have,

1:28.8

you look at the kids today. I mean, they're just soda is it does not maintain the same position

1:34.0

in the typical US household that it did perhaps when we were growing up. And I think that's just a

1:37.6

real proxies what's going on here. When's the last time someone brought a soda into this studio

1:41.0

for this show? Like, and just sat down like a coke bottle right here? Um, like, I mean, I see water bottle.

1:46.7

I'd like to see tea coffee. I feel like I did it probably at some point this week. But I mean,

1:51.9

to your point, I mean, this, this really was a matter of when not if and if you look at just one

1:57.2

example, look at the litany of Coca-Cola's earnings reports where it seems like every quarter,

...

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