Tom Lee Strikes Back

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 27 September 2024

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 159 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Tom Lee of Fundstrat to discuss: Tom's Q4 outlook, what usually happens after Fed cuts, geopolitical risks, Chinese stocks, a history of drawdowns, and much more! This episode is sponsored by Global X. Visit https://www.globalxetfs.com/ to explore a lineup of more than 90 ETFs, along with insights to help you navigate a dynamic investing landscape. Access a 30-day free trial of FS Insight, exclusive to The Compound & Friends audience, at: https://bit.ly/thecompoundandfundstrat24 Sign up for The Compound Newsletter and never miss out! https://www.thecompoundnews.com/subscribe Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews 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	I'm not you're not one percent I do I do that's how I identify
0:06.8	yeah but you know what when I had no money I identified as upper class okay see I see, I can't identify with that.
0:14.0	Like I would, if I couldn't afford to do something the way I wanted to do it,
0:18.0	I would just not do it at all.
0:20.0	Have you seen...
0:21.0	That's an upper class thing. Yeah, so my wife and I used to take two day vacations
0:26.0	when all our friends went away for seven days
0:28.0	because we wouldn't stay in anything less than five star.
0:31.0	So it's like we could afford two nights in a five star, that's the trip.
0:35.0	I like that. And we both had the same mentality.
0:37.8	It's like dieting. It's like being on our upper class diet.
0:41.6	We'll say more about upper class. That I don't know that. No, say more about Upper Class.
0:43.0	That I don't know about.
0:44.0	No, because you know like in Japan, they say eat till you're 80% full and that's how you lose weight.
0:48.5	Oh, it's not 180?
0:49.5	Yeah, that's what I was doing.
0:51.5	No, so if you're living 20% of the upper class,
0:55.8	then you're actually saving money.
0:57.2	Yeah.
0:58.2	Are there 80% you're not spending?
0:59.6	So in our 20s, I once thought I was doing this really nice thing.
1:04.0	I don't think my wife and I weren't married yet.
	...

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