TIP 050 : Current Market Conditions and Billionaire Chris Sacca's Favorite Book (Investing Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 30 August 2015
⏱️ 77 minutes
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| 0:00.0 | We study billionaires and this is episode 50 of the Investors Podcast. |
| 0:06.0 | Broadcasting from Bel Air, Maryland. This is the Investors Podcast. |
| 0:14.0 | They'll read the books and summarize the lessons. They'll test the waters and tell you what it's |
| 0:19.0 | called. They'll give you actionable investing strategies. |
| 0:23.0 | Your host Preston Pish and Stake Broderson. |
| 0:29.0 | Hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast |
| 0:33.0 | and is usually a company by my co-host Stake Broderson, out in Denmark. |
| 0:37.0 | And I'll tell you folks, it's starting to get interesting out there. |
| 0:40.0 | I know everyone that's fallen the financial markets could definitely agree with that because we're starting to see more signs |
| 0:46.0 | that things are getting a little bit more sluggish in the economy. |
| 0:49.0 | We've seen it pull back about 10% and we've also seen some major shifts over in China. |
| 0:56.0 | I know we're recording this on a Monday morning and just so everyone knows is the 24th of August, |
| 1:01.0 | 2015 when we recorded this and last night the Chinese market was down another 8%. |
| 1:09.0 | So it's starting to get pretty ugly over there. |
| 1:12.0 | I guess the Chinese government saying that they're going to be pumping a lot of liquidity into their banks, |
| 1:17.0 | which they're running into issues with that. |
| 1:20.0 | So just a lot of things going on and Stig and I are just going to sit down and have a candid conversation between the two of us |
| 1:27.0 | as we're discussing what's happening. |
| 1:29.0 | None of this, we don't know what we're going to ask each other. |
| 1:31.0 | This is unscripted. In fact, Stig and I haven't talked to each other for about a week. |
| 1:35.0 | And last time we talked, it was really not about finance or the financial markets or anything like that. |
| 1:40.0 | We were actually talking about Korea. |
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