TDI Podcast: Traders’ Campus (#940)
The Disciplined Investor
Andrew Horowitz and guests - Frank Curzio, Ben Hunt, Barry Ritholtz, Leo Laporte, Keith McCullough, TDI
4.4 • 705 Ratings
🗓️ 28 September 2025
⏱️ 57 minutes
🧾️ Download transcript
Summary
Stocks take a breather after a huge run.
Economist talking out of both sides of their mouths.
Circular finance and vendor financing – all the rage.
Andrew Wilkenson, Director of Trading Education at Interactive Brokers.
NEW! DOWNLOAD THIS EPISODE’S AI GENERATED SHOW NOTES (Guest Segment)
Andrew Wilkenson, Director of Trading Education at Interactive Brokers.
Andrew joined Interactive Brokers in 2007 with a background in interest rate and derivative trading in the city of London during the 1990s.
Andrew joined IBKR to create market commentary about stocks, options, forex and bonds for the website before helping create the IBKR Campus, which covers Traders’ Insight, Traders’ Academy, webinars, podcasts and a variety of other financial training for investors of all levels. Andrew has an MBA from Rollins College FL.
Learn More at http://www.ibkr.com/funds
Looking for style diversification? More information on the TDI Managed Growth Strategy – https://thedisciplinedinvestor.com/blog/tdi-strategy/
eNVESTOLOGY Info – https://envestology.com/
Stocks mentioned in this episode: (CRCL), (KSS), (FIOG), (WMT), ROST), (NVDA), (TSLA)
Transcript
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| 0:00.0 | The Disciplined Investor is all about you, your money, and the markets. |
| 0:06.0 | Sit back and get ready for this edition of The Discipline Investor Podcast. |
| 0:11.6 | This episode of The Discipline Investor is sponsored by Horowitz & Company. |
| 0:16.6 | If you're looking for a portfolio manager, look no further. |
| 0:20.2 | Horowitz and Company, from seed through harvest, cultivating financial success. |
| 0:30.9 | Stocks taking a breather after a huge run. |
| 0:33.8 | Economists talking out of both sides of their mouths again. |
| 0:38.5 | Circular financing and vendor financing is all the rage. |
| 0:42.7 | And our guest today is Andrew Wilkinson, |
| 0:45.3 | director of trading education and interactive brokers. |
| 0:48.2 | All this. |
| 0:49.6 | And much more on episode number 940 of the Discipline Investor Podcast. |
| 1:07.0 | Hey, it's Andrew Horowitz, and welcome to the Discipline Investor podcast. |
| 1:10.3 | It is the end of, just about the end of September, 2025, and we had a pretty good run. |
| 1:16.3 | And stocks taking a little bit of a breather last week on a few days, nothing major, but there was definitely some profit taking being had. |
| 1:24.1 | And this is one of those times of the year when we look at that seasonality where |
| 1:28.1 | there's oftentimes more selling than buying. And I know, of course, you have to have a seller, |
| 1:33.2 | a buyer, it has to equal. I'm talking about the concept of that there is more selling activity |
| 1:38.3 | down drafts in the market, September and October, are two of the, I would say two of the months that have some of the |
| 1:46.9 | greatest historical volatility and probably some of the worst overall returns if you take the |
| 1:53.8 | totality of all that. So we're entering into October. Is everybody freaking out? No, we're not really. |
| 1:59.3 | There's a lot of good headwinds, excuse me, tailwinds, not headwinds yet. |
... |
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