Technicals Say Everything Rally Is Now Underway, Bill Smead Says Large Cap Tech Is a Ticket to Purgatory, Buffett Gets Cautious

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 21 May 2024

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this TCAF Tuesday, Josh Brown is joined by Bill Smead, founder and chief investment officer at Smead Capital to discuss Bill's market outlook, why he thinks Warren Buffett is bearish, what history tells us about the AI boom, and much more! Then, at 38:34, hear an all-new episode of What Are Your Thoughts with Josh and Michael Batnick! Thanks to Rocket Money for sponsoring this episode! Cancel your unwanted subscriptions by going to https://rocketmoney.com/compound Sign up for The Compound newsletter and never miss out: https://www.thecompoundnews.com/subscribe Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: LinkedIn: https://www.linkedin.com/company/the-compound-media/ 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. The Compound Media, Incorporated, 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	Ladies and
0:02.0	Welcome to the Compound and Friends.
0:03.0	Tonight's show is brought to you by Rocket Money.
0:05.0	Rocket Money is a personal finance app that finds and cancels
0:09.0	unwanted subscriptions, monitors your spending,
0:11.0	and helps lower your bills so you can grow your savings.
0:15.4	Rocket Money has over 5 million users, has saved a total of 500 million in cancel subscriptions, saving members up to $740 a year when they use all of the
0:27.5	apps features.
0:28.5	Stop wasting money on things you don't use.
0:31.6	Cancel your unwanted subscriptions by going to rocket
0:34.6	money dot com slash compound that's rocket money dot com slash compound I am
0:40.8	fired up tonight we have an unbelievable show for you. I talked to Bill
0:44.8	Smeed of Speed Capital. Bill has been on Wall Street since 1980. He is out with a
0:50.5	series of provocative statements.
0:54.0	One of them is something to the effect of,
0:56.8	we're probably in for 10 to 15 years
0:59.7	of no progress in the stock market.
1:02.4	And he is pointing the blame squarely at investor
1:05.8	obsession with indexing and the Magnificent Seven and their dominance over
1:12.1	the indices.
1:13.5	He's blowing the whistle on the AI boom.
1:16.2	He's talking about how Barish Buffett seemed to be
	...

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