Hey, I'm Daniel Snyder. This is Weekend Bite. In this week's episode, we're joined by our good friend and market legend George Ball from Sanders Morris Harris.

Now, before we dive into conversation with George, I do want to briefly mention that the team

over here at Seeking Alpha is currently running a Labor Day sale for anybody

that's interested that's 50% off your first year of premium membership. We're

talking about all the data you want to get your hands on. You can find more details about that on the site, on the app, or under this video. Just check out the link.

And now that the housekeeping is taken care of, let's bring George Ball into the conversation.

George is always a pleasure to have you on the show.

Thanks for joining us again.

I love to be referred to as a legend.

The legend as well as a has been, but it's better to be a has been than it never was, so I appreciate.

No way, man, we think you're a legend over here. We absolutely love you. I mean, we really love the insights that you bring. You've been in the market forever right and this is a time and a period right now where everybody

it seems is looking at historical data and trying to figure out what do we correlate with what's happening right now even though we've never been in this market before right so what are your thoughts about just what's going on in general I know you have notes and thoughts on the the inversion of the yield curve or what happened in Jackson Hole the other week,

the upcoming Fed meeting, give us what your take is.

Well when you say that Seeking Elf is having a Labor Day 50% off sale.

Same thing that is broadly happening in the stock market today.

I think the best thing the market has going for right now

is that almost every self- acclaimed or so-called expert, including me, thinks the market is going down.

If you have that much of a consensus on one side, usually it's wrong. But I will point out that Howard Marks,

one of the smartest investors in the world, has articulated that the consensus is usually right.

At the margins, it's not.

And when things tip, the consensus is wrong but right now most people think that the market is

headed down and most people are probably correct in that view. We have a yield curve inversion that's strong, it's been around

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