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The Compound and Friends

Monday Morning Meeting 6/24

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.72.2K Ratings

🗓️ 1 July 2019

⏱️ 13 minutes

🧾️ Download transcript

Summary

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Transcript

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0:14.7

I want to talk about something that I think is a it's a it's a theme that we've gone over before but I want to reiterate it because I think it's just something that we have to constantly remind ourselves of and I have to constantly remind myself of as being one of the mouthpieces for Ritholz wealth management in the public,

0:21.4

but I think it applies to everyone.

0:24.7

I see this same group of people online at conferences,

0:29.9

in the media, on their blogs, in articles.

0:33.7

It's like 10 or 12 people that cannot shut up

0:38.0

about what other people in the industry are doing.

0:41.4

They just, they wake up, they take a shower, presumably they brush their

0:45.8

teeth, maybe they have fruit loops, and then it's 12 hours of this one's doing this and that's and that's not good and that one's doing that and it's

0:56.4

some of them are industry commentators and they don't even manage money or or deal with clients

1:02.1

some of them are like columnists.

1:04.0

Some of them are people that had a bad experience in the industry

1:07.0

and now they're like yelling at everyone else.

1:10.0

It's just, it's like almost like a syndrome and they can't seem to break themselves out of it and

1:15.6

it's on and on and on and they don't even fight with different people they fight with

1:20.1

each other I don't maybe they love each other secretly and this is how they make

1:25.9

contact and communicate. Maybe this is a language that's imperceptible to the rest of us, but

1:32.0

whatever it is, it's just this internicine industry like

1:37.0

deep in the weeds squabble and it's it's around the clock and it's demented from the like from the outside looking in and

1:45.7

the point I want to make is it's important for us to stay on the outside

1:49.6

and not wait into those debates because they don't matter. They're not changing the

1:56.0

industry, they're not impacting the way other people speak, it's just a

2:00.8

disastrous thing that you can get lured into and then once you're in the middle of these conversations

...

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