Welcome to the compound show podcast. Each week we let you in on some of the best

conversations we're having about markets, investing, and life.

Just a quick reminder, the host of this show are employees of Riddholz's wealth

management.

All opinions expressed are solely their own opinions and do not reflect the opinion of Ritholz wealth.

This podcast is for informational purposes only and should not be relied upon for

investment decisions. Clients of Rittholz wealth management may maintain

positions in the securities discussed in this podcast. Okay here we go.

So this is the last thing I want to say and I'm going to be very clear about this and I want everyone to let this message sink in.

We were told by somebody that informally advises the firm on financial stuff to come up with an emergency plan.

For just in case, this lasts two quarters, three quarters a full year.

Obviously nobody really knows, but what do we do as a firm,

not for clients, but for the business in the case of an emergency?

I'm going to tell you that, without a doubt, in the case of an emergency.

I'm going to tell you that without a doubt our firm will be impacted as will every

company doing business everywhere in America and probably the world.

So let's be real about that.

But I'm also gonna tell you,

we are not going to participate in this recession.

Let me repeat that, it's very important. We are not going to

participate in this recession. We're not going to do it. We're not going to do it.

There's not going to be, there's not going to be any participation on our part.

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