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The Compound and Friends

The Market's Going Down Like Free Beer

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.72.2K Ratings

🗓️ 19 April 2024

⏱️ 90 minutes

🧾️ Download transcript

Summary

On episode 139 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Art Hogan and The Compound's own, Ben Carlson! They discuss geopolitics and the market, the outlook for energy stocks, the no landing scenario, the housing market, and much more! This episode is sponsored by Public. Visit https://public.com/ to learn more! 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 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/ Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade. Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document (ODD) which can be found at: www.theocc.com/company-information/documents-and-archives/options-disclosure-document Supporting documentation for any claims will be furnished upon request. If you are enrolled in our Options Order Flow Rebate Program, The exact rebate will depend on the specifics of each transaction and will be previewed for you prior to submitting each trade. This rebate will be deducted from your cost to place the trade and will be reflected on your trade confirmation. Order flow rebates are not available for non-options transactions. To learn more, see our Fee Schedule, Order Flow Rebate FAQ, and Order Flow Rebate Program Terms & Conditions. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Is that a Daytona? Yeah. Oh, seven. What year's yours? Hold on. Got one on? No? No. All right. I don't know. I don't I really don't know. I don't have it new. Let me see. Uh, I didn't know I was a Daytona guy until I had one. I really love it.

0:15.0

And it's amazing how many people will look at it and say I can't believe you have a Daytona.

0:18.3

How long have you had it? So when did you know you were one of the Daytona?

0:22.3

So a buddy of mine is a pro golfer.

0:24.7

Okay.

0:25.7

They have a connection with Rolex.

0:26.2

He called me up and he had one.

0:27.9

He has, I can get two more, one's for you and one's for Scotty Cameron.

0:32.1

Do you want the white face or the black face?

0:33.5

I said the white face.

0:34.5

Yes.

0:35.5

He goes good because Scotty wants a black face.

0:36.5

Okay.

0:37.5

And I didn't even tell my wife, we went, picked it up, paid for it.

0:40.5

Okay. Back then it was four grand?

0:43.0

An $8,000.

0:44.0

Yeah.

0:45.0

Not anymore.

0:46.0

And my wife was like, what's wrong with you?

0:47.0

And then the market crashed afterwards.

0:48.0

She was, it's your fault.

0:49.0

You bought a Rolex.

...

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