The Joby bull case with Charles Lemonides, Roaring 2020’s with Ed Yardeni, Alphabet vs Nvidia

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 26 November 2025

⏱️ 107 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this TCAF Tuesday, Josh sits down with Charles Lemonides, founder of ValueWorks, to discuss the future of flight and how soon we might see flying cars taking to the skies. Charles makes the case for Joby and dives deep into why he thinks it stands above the rest in the eVTOL space. Then at 35:26 hear an all-new episode of What Are Your Thoughts with special guest Ed Yardeni joining ⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠! This episode is sponsored by Betterment Advisor Solutions. Grow your RIA, your way by visiting: https://Betterment.com/advisors Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠The Compound Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠ and never miss out! Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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 gentlemen, welcome to the compound and friends. So excited to be bringing tonight's show to you.
0:06.8	And we are sponsored by Betterment Advisor Solutions. Betterment Advisor Solutions is for any
0:13.5	financial advisor, any RIA who says there's got to be a better way to do this. I need better
0:19.8	tech. I need a better platform. I need faster onboarding. I just, I know there's got to be a better way to do this. I need better tech. I need a better platform. I need
0:22.1	faster onboarding. I just, I know there's something out there. Check it out. Betterment.com
0:27.7	slash advisors. Tell them the compound sent you. I think you'll be surprised and delighted.
0:34.2	So thank you to Betterman Advisor Solutions. Okay, we have a huge show for you tonight.
0:38.9	I spoke with Charles Lemonides, who is a hedge fund manager based in New York, who just spent a week
0:46.9	out at the Dubai Air Show. We have a stock in common. We're both invested in Joby, which is the leader in a new category of company known as
0:56.6	an EVitol. That is an electric, vertical, takeoff and landing aircraft that effectively, from my
1:05.5	perspective, is the closest we've ever gotten to the flying car. And I got a lot of interesting insight from Charles's
1:14.0	visit to Dubai. We talk about the opportunity more generally and getting some stuff about the way
1:19.9	Charles and his team pick stocks. And I thought it was a really fun conversation. So that's first.
1:25.1	And then it's what are your thoughts? Michael Batnik and I,
1:27.7	and we had a special guest, Ed Yardinney, joined us to talk about the roaring 2020s.
1:33.6	This was a call that he made during COVID, I think in 2020, November of 2020. So it's,
1:41.4	is that five years ago? Six years, five years ago.
1:46.1	And so far, so good.
1:47.9	He's absolutely nailed the call.
1:49.9	And he thinks the roaring 2020s extend into the next decade, potentially.
1:57.1	So it's roaring 2030s, he told us.
2:00.8	So we walk through his earnings 2030s, he told us.
	...

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