What Willie Mayes Can Teach Us About the Stock Market

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 26 June 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Did you know that Willie Mayes can teach us a lot about the stock market? Baseball and investing may have more in common than you think! We talk market statistics, market inefficiencies and arbitrage -- once a profitable strategy is widely known, it loses effectiveness due to widespread adoption (think the short squeeze on GameStop). We also discuss the potential decline of the US dollar's dominance as the world's reserve currency and the direction energy sources may go in the future. It's important to be financially prepared! Today we discuss...

Market statistics and sports statistics can be loosely tied together, with both requiring consideration of multiple metrics for evaluation.
There is no single metric that defines the best stock or the greatest player in sports.
Efficient market theory suggests that market inefficiencies are arbitraged out over time as more people exploit them.
How hedge funds often exploit small arbitrage opportunities, but these opportunities may disappear once they are widely known.
Momentum trading strategies can lose effectiveness as more market participants adopt them.
How some investors track congressional actions and use them as indicators for investment decisions, but this strategy may lose effectiveness over time.
Roaring Kitty's success with GameStop illustrates how retail investors can challenge institutional investors by exploiting publicly available information.
The Senate passed a nuclear bill aimed at reducing costs and expediting the permitting process for nuclear energy projects.
The expiration of a 50-year trade agreement with Saudi Arabia signals a shift in global power dynamics and highlights the need for the US to transition to alternative energy sources.

For more information, visit the show notes at https://moneytreepodcast.com/willie-mayes-can-teach-us-619

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Smart Money Tree Podcasts, and welcome to this week's show.
0:13.0	My name is Kirk Chisholm, I'll be your host.
0:15.0	Today, I'm joined with my good friend, Doug Hagrid.
0:17.0	Hey, Doug.
0:18.0	Have another happy Friday to you. Kirk, good to see you.
0:25.4	Yeah, you too. Well, this is good. It's Friday. We're getting close to the fourth. We're not quite there yet.
0:30.0	Another week for that week. I always love the fourth week when it falls in the middle of the week.
0:37.7	Because the first half of the week, some people take off. The other half of the week, some people take off. So you might as well just take off the whole week because no one's are so. Or if you're one of those people that work in a dark office with no human intervention,
0:42.4	it's a great week for you because no one's interrupting you.
0:44.5	Either way, whatever your work habits, kudos for that week.
0:47.8	Let's dive right in.
0:48.6	What's new in the world?
0:49.3	Well, the most important news, Willie Mays died.
0:52.3	Rest in peace, Willie, unbelievable athlete.
0:54.5	I remember watching as a kid where that unbelievable catch, you know, over his shoulder,
0:59.0	running full speed, just phenomenal athlete.
1:02.3	And the funny thing is, he did those all the time, but there was only one that they caught,
1:05.9	and they just said, oh, we're going to keep replaying this.
1:07.8	But he did that all the time.
1:09.1	The basket catch, you know, famous basket catch.
	...

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