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RiskReversal Pod

Staircase Up Elevator Down, and investing in Tech with Jeff Richards of GGV

RiskReversal Pod

RiskReversal Media

News, Business News, Investing, Business

4.7836 Ratings

🗓️ 4 February 2022

⏱️ 58 minutes

🧾️ Download transcript

Summary

On The Tape co-hosts Guy, Dan and Danny are back and discuss moves in the broader market. Later they are joined by Managing Partner of GGV Captial Jeff Richards where they get his insight on some long-term strategies for both retail and institutional investors. Listen to new episodes of On The Tape every Friday.  Follow @OnTheTapePod Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube channel

Transcript

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0:00.0

Normally, we'd start with a little banter back and forth. But you know what? This is not a normal week.

0:07.5

Far from it, as a matter of fact. And we're going to talk about a lot of things. Obviously,

0:12.1

we're not going to bury the lead. What happened in Facebook this week is historic. And I'm

0:16.9

choosing to use that word. But there are a lot of other things going on.

0:23.8

Interest rates going higher specifically in Germany.

0:25.4

Danny's going to talk about that.

0:30.2

We obviously have a lot of interesting things going on in the auto sector, the used car sector,

0:32.1

something that Danny's been all over.

0:33.5

Going to talk about that. And since there's no NFL this week, as we all know, by the way, Danny's just

0:37.6

killing it. We're going to bring back what we call rot or rip off the tape. Danny's got a

0:43.7

bone to pick on the short selling front. So a lot of things going on here, but I want to get right

0:48.7

into it because we saw Facebook now is 40% lower. That's don't, that's not a typo, folks.

0:56.2

40% lower from the all-time high the stock made last summer.

1:00.5

Think about that.

1:01.4

That is an historic move.

1:02.8

By the way, as Dan pointed out, we saw a similar move in the summer of 2018 into Christmas

1:09.2

Eve.

1:09.5

But something feels different.

1:10.7

And Danny, I want to start with you because a month or so ago, you said on this show,

1:15.6

you're as bearish as you've been in decades.

1:18.7

And you know what?

1:19.8

You smelled something and you were spot on.

...

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