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The Iced Coffee Hour

Graham Stephan/Jack Selby

Entrepreneurship, Business

4.6 • 679 Ratings

🗓️ 5 August 2024

⏱️ 119 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oracle: Free test drive of OCI at https://oracle.com/iced Ramp: Now get $250 when you join Ramp at https://ramp.com/ich Babbel: Visit https://www.Babbel.com/ICH to get up to 60% OFF & learn a new language Shopify: Sign up for a $1 per month trial period at https://shopify.com/ich https://x.com/cathiedwood NEW: Join us at http://www.icedcoffeehour.club for premium content - Enjoy! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [email protected] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00 - Intro 00:01:16 - How many ETFs do you manage? 00:01:41 - Why should people listen to you? 00:07:22 - How did you get started with investing? 00:10:32 - How accurate was your 1997 Hong Kong economic prediction? 00:12:04 - Sponsor - Oracle 00:13:06 - When did you first hear about Bitcoin? 00:19:00 - Why do you think the older generation of investors are so hesitant about crypto? 00:23:24 - What price targets do you have for BTC? 00:26:20 - Can any other crypto pass BTC? 00:27:53 - Do you think there are any other drawbacks to BTC? 00:28:41 - How do you see the regulatory environment changing for crypto? 00:32:38 - Sponsor - Ramp 00:33:55 - How do you approach stock picking? 00:41:15 - How do you respond to criticism? 00:45:30 - Do you think being controversial works to your advantage? 00:47:49 - What do you think the biggest risks are for the stock market these days? 00:54:14 - Elon Musk on Hertz buying their cars 00:55:25 - What's one of your most provocative opinions when it comes to investing? 00:58:33 - Do you think the stock market should be open 24/7? 01:02:46 - What would you say to investors who think it's much safer to invest in index funds? 01:04:54 - Sponsor - Babbel 01:06:19 - How often do you speak to Elon Musk? 01:09:07 - Is there anything you think is misunderstood about Elon Musk? 01:11:35 - Do you think AI is dangerous? 01:13:13 - Thoughts on the housing market 01:20:58 - Do you think the middle class is in trouble? 01:22:20 - Does the national debt affect the average person? 01:25:43 - Sponsor - Shopify 01:26:51 - Do you think the government can continue to print money and prop up the economy? 01:30:45 - Any predictions for the Tesla Roadster? 01:32:29 - If you are 25-50 years old and "poor," is that your fault? 01:37:36 - How do you deal with the volatility of the market? 01:45:20 - What's something that you wish more people knew about you personally? 01:47:55 - How has having kids changed your life? 01:49:17 - Any advice for Graham on having a family? 01:51:03 - What role does religion play in your life? 01:53:23 - Ending Cathie’s college photo argument *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	We are on track for a fourth straight week of declines. We have entered a technical correction.
0:06.9	Down 27%. It is the worst day in 50 years. I think we're going to see the Scentpigo down 86% from the top.
0:14.3	And the NASDAQ, 92%. Wall Street is bleeding. There was a mass sell-off on Wednesday. Investors lost as much as
0:21.0	$1 trillion. One trillion in a day.
0:24.4	I really think we're going into a deflationary period. And most people have never seen that.
0:30.2	It really hasn't existed since the Great Depression. We are not contrarian just to be
0:36.4	contrarian. You ask what's so contrarian that we buy
0:40.1	stocks when they've dropped 30%. This is going to be a very volatile part of your portfolio. And some
0:46.7	people have understood that and other people have not understood that. If you're going to ask me
0:51.2	at one point in this, you know, is there anything you would leave us with?
0:54.5	If you fight, you're probably going to lose.
1:03.4	All right, Kathy Wood, thank you so much for coming on the iced coffee hour. It is an honor.
1:08.2	Oh, thank you. Thank you, Jack and Graham. I'm delighted to be here.
1:12.8	So the first question is, you seem like a very busy woman. How many ETFs do you manage?
1:18.0	We just launched in Europe with three, and then eight here. And then we also subadvised for mutual
1:27.0	funds in Japan.
1:29.0	So that may be some of what you're seeing.
1:31.4	There are a number of mutual funds there.
1:32.9	And what's the assets under management currently?
1:34.9	So we're approaching $25 billion.
1:38.1	That includes the Bitcoin ETF.
1:40.6	Yeah.
	...

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