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The Compound and Friends

Josh Brown

Business News, Business, Investing, News

4.7 • 2.2K Ratings

🗓️ 4 August 2023

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 104 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Joe Terranova and Mark Fisher to discuss: what it takes to be a trader, the energy sector, commodities, the US downgrade, treasuries, and much more! Thanks to Birddogs for sponsoring this episode! Go to http://www.birddogs.com/thoughts or enter promo code THOUGHTS for a free Birddogs hat with every order. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.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. Wealthcast Media, 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	My wife said Catalina yesterday on the beach with her friends and there's a commotion.
0:04.6	Yeah. They all get this email from the company that ships the trunks for the kids at camp.
0:11.3	Yeah. You know, like the truck, the truck comes, picks up everyone's trunk three days before camp
0:16.3	and then it brings the trunks home. It's like separate from the camp. Right.
0:19.2	You pay them a fee and like everyone pays them separately from the camp.
0:24.3	So they sent out an email and said, we are winding down operations and sorry,
0:29.1	but no, we're not delivering your kids trunk home from camp. So this is like tens of thousands
0:35.5	of households who have kids in sleep way camp like all of a sudden, well, how am I getting my kids
0:39.3	shit home? So everyone's panicking and I'm on the phone with, I'm on the phone with her and
0:45.4	she's not panicking and her friends are like, why aren't you freaking out about that? She's like
0:49.6	idiots. You know that before this trucking company came along, they just like would hire a truck
0:55.6	and bring the trunks. It's going to be okay. They don't want your shit up there forever. Why did
1:00.4	the trucking company wind down a week before camp is ending? Was this the truck? They're owned by
1:05.6	your subsidiary of yellow. So I said I couldn't have put two and two together. I didn't have any inside
1:13.0	info on this one, but yellow file for bankruptcy. I think earlier this week. Okay. Anyway,
1:18.2	so everything's about what happened to win it. What happened? I don't know. Is it bad? Don't say it
1:23.0	on the mic if it's bad. Okay. Really dead? I don't know. Okay. So Mark, Joe asked if I
1:30.4	if I ever met you. And I did 15 years ago, maybe? I was a waiter. You know, you could be his son,
1:37.2	right? Well, listen, so I was a waiter. Like, I'm just saying at ex-Matales, when it turned to
1:42.3	mezzanote, I was a waiter there. So I was also telling Joe. I just a waiter. I'm going to wait.
1:47.2	I'm bro. Yeah. No. I want to problem with your son. Not as a date. Don't worry. You want to
1:52.4	do it? No, I had a girlfriend in the healer. Oh, I'll tell you off mic. But so I was a promise
	...

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