Why Investors Should Ignore Presidential Predictions
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 28 April 2016
⏱️ 19 minutes
🧾️ Download transcript
Summary
Morgan Housel shares his thoughts on Priceline needing a new CEO, which U.S. presidents are best for the stock market, and why investors should ignore election predictions.
Transcript
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| 0:00.0 | It's Thursday, April 28th. |
| 0:04.0 | Welcome to Mark of Fulry. |
| 0:05.0 | I'm Chris Hill joining me in studio today, the one and only Morgan Housel. |
| 0:08.6 | Happy Thursday. |
| 0:09.4 | Hey, same to you. |
| 0:11.6 | It's nasty out there. |
| 0:12.4 | Have you noticed that? |
| 0:13.0 | Yeah, it's not good. |
| 0:14.0 | I think I may have said this last week because, you know, every once in a while we'll touch on the |
| 0:18.0 | weather and it's just springtime in the DC area is gorgeous. |
| 0:21.6 | Right. But it lasts roughly four hours. |
| 0:25.0 | There's a four hour window every year. |
| 0:27.0 | And it looked like we were done with winter and I just stepped outside a few minutes ago |
| 0:31.0 | and it's my least favorite weather, which is the cold rain. and it's it is it is my least favorite weather which is the cold |
| 0:33.9 | rain so it's nice that we're that we're here in a warm dry studio it's pretty |
| 0:37.4 | gross there's a lot of earnings news we're not really going to touch on any of it. We are however going to touch |
| 0:44.7 | on what appears to be the story of the day, which is that Darren Houston, who is the CEO of Priceline, has resigned effective immediately. |
| 0:55.1 | This is after an investigation found that he, and I'm just quoting directly here from the story, found |
| 1:01.0 | that he had a personal relationship with an employee that violated the company's |
| 1:05.2 | code of conduct. |
| 1:07.8 | I guess my first thought is there's got to be more to this story. |
| 1:17.0 | Like we're just they just broke this morning and I like on the surface okay he broke their code of conduct, but something more has got to come out |
... |
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