Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name is Kirk Chisholm and I'll be your host. And today I'm joined with my good friend Doug Hagerin. Hey Doug.

Good morning, Kirk. Good afternoon, wherever you may be.

And I know we were late and I know everybody was waiting in line.

And right now it's the mad rush just like it was when Cabbage Patch dolls were there for Christmas.

I know everybody's just trying to get in.

So welcome.

I hope you can get through the skinny door and we can get everybody lined up.

It's funny you mentioned cabbage patch. I'm thinking back to my youth when even the boys want to have cabbage patch dolls.

And before anyone skewers me for saying, dolls aren't just for girls, back when I grew up,

they sure were. Yeah. They're not anymore. You did not have dolls when you were a boy when I was a kid unless you wanted to get beat up or made fun of for the next 20 years of your life.

But Cabbage Patch actually bridge that gap where all the boys I knew were in line trying to get Cabbage Patch.

That was like the Bitcoin of our era.

And I want to insert that in the middle of that, similar to the cabbage patch craze,

there was the Beanie Baby craze.

I'll tell you, Ty Warner, the founder of Beanie Baby, Thai company, is my entrepreneurial hero.

This man made the greatest financial moves in the history unemotionally. He had this

toy that was becoming iconic. People are collecting it. People are selling it. And right at the

height, he sold out. I think he sold it for, I don't know, $4 billion, $5 billion walked away. Beanie babies

literally crashed in value within months of it. It's the greatest selling at the hype story I've

ever seen. He knew he's probably looking at all these people going, you know what? I don't get it.

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