Wall Street's First Black Millionaire (with Shane White), the Case for Buying Silver (with Peter Boockvar)

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.7 • 2.2K Ratings

🗓️ 5 February 2021

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Josh is doing Black (Financial) History month on the podcast all month long, bringing on historians and authors to discuss some of the most pivotal economic moments for African Americans ever. Black History is AMERICAN history, don't get it twisted. This week, University of Sydney history professor and author Shane White joins to discuss his award-winning book about Wall Street's first black millionaire, 'The Prince of Darkness' Jeremiah G. Hamilton. Before that, a chat with Peter Boockvar (Bleakley Advisory) about the current stock market mania and the investment case for silver and silver stocks. If you're feeling the pod, give us a rating and review. It's how new listeners discover what you already have. 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/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I feel like we're in one of these moments where the world is just completely awash and nonsense.
0:07.8	And there's so much information and disinformation and misinformation all over the place.
0:14.3	It's almost impossible not to come across it and even get caught up in it if you're being
0:21.1	inconsiderate about the source.
0:24.1	Like if you're not thinking about why am I encountering this?
0:28.6	Who is the person supplying this information?
0:31.6	Why is it spreading so quickly?
0:34.2	Why is the guy behind the counter at the pizza place asking me questions about GameStop?
0:42.0	And why is somebody's 15-year-old nephew asking for my text so they can ask me about
0:50.2	silver mines?
0:52.1	If you're not asking where the information is coming from and why it's spreading so fast,
0:57.0	you're not asking the right question.
0:58.4	So let's talk about that.
1:00.9	First of all, this idea that there's going to be this message board on the internet
1:07.2	that's going to go from stock to stock forever and the crowd is going to follow along as
1:12.8	it routinely pumps up and then blows up all of its money in different stocks.
1:18.6	I don't think that's really how it's going to play out.
1:21.3	History says it's not going to play out that way.
1:23.8	So as I am talking, if you think about what we've seen in the meme stocks over the last
1:32.0	week, things have played out pretty much how I thought they would and it's unfortunate
1:38.2	because I definitely had hoped that we would not see this.
1:41.9	But here are the percent from high readings on the foremost popular.
	...

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