Prof G Markets: Is Breaking Up Intel The Right Move? + The New Gold Rush
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Ed and Josh Brown, co-founder and CEO of Ritholtz Wealth Management, open the show by discussing January’s housing starts data, X’s latest funding round, and the growing wave of companies emulating MicroStrategy’s approach to bitcoin. Then Josh unpacks the potential breakup of Intel. He breaks down how Intel’s leadership struggles led to its decline and explains why having a true visionary at the helm is crucial for a chip company. Josh and Ed also break down gold’s record-breaking surge and explain why banks are rushing to fly the commodity into the U.S. Ed questions whether gold is really a smart investment, while Josh explains why owning it outright might not be as valuable as people think.
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How Josh Brown Created A Financial Media Empire
15 years ago was a pivotal moment for financial media. On the one hand, we were in the midst of a huge financial crisis, which shook everything up and exposed how little we knew about our own world. In addition to that, we were in the early moments of a revolution, which saw the rise of blogs, podcasts, "Finance Twitter" and other new platforms for disseminating information about markets and business. One of the winners from that era was Josh Brown, a former stockbroker who rose to fame in part on the back of his must-read blog The Reformed Broker. Now he's the CEO of a large investment advisory firm, Ritholtz Wealth Management. He's got a popular podcast. He's got a new book. He's a fixture on CNBC. And he even has a conference business. We talk about his career path, what he's learned, some funny stories from the good old days, and how he became a media giant.
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Prof G Markets: How the Debate Moved the Market & Wall Street’s Take on Trump - with Josh Brown
Josh Brown, co-founder and CEO of Ritholtz Wealth Management, fills in for Scott to talk about how the markets reacted to the Presidential debate. Then Josh and Ed discuss how Trump and Biden presidencies could impact investors and Josh breaks down why he isn’t concerned about Trump’s potential tariffs on China.
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Prof G Markets: Ozempic’s Market Impacts and Surging Bond Yields — with Downtown Josh Brown
This week on Prof G Markets, Scott shares his thoughts on which stocks and sectors could get a boost or take a hit from Ozempic’s increasing popularity. Then, Josh Brown, CEO of Ritholtz Wealth, joins the show to help break down why bond yields have surged the past few weeks.
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What Exactly Is The Market Telling Tech To Do? — With Josh Brown
Josh Brown is the CEO of Ritholtz Wealth Management and the host of the Compound and Friends podcast. Brown joins Big Technology Podcast to dig into why tech companies are still reeling from tighter financial markets even as their share prices return to something approximating normal after the 2022 bloodbath. In this episode, Brown shares what Wall Street demands from the tech industry and its employees and where it might be headed next. Stay tuned for the second half where we go company by company, looking at Meta, Apple, Google, Microsoft, Amazon, NVIDIA, Tesla, and Bitcoin.
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Downtown Josh Brown & Michael Batnick on Disney+, Peloton, Knicks, podcasting, markets, & more | E1496
Today, Jason is joined by the hosts of “What are your thoughts?” Downtown Josh Brown (CEO of Ritholtz Wealth Management) and Michael Batnick (Managing Partner at Ritholtz Wealth Management). They discuss the Knicks (1:22), Podcasting (14:25), markets (26:20), Disney (37:52), and more. Finally, Jason takes some audience questions (44:50).
(0:00) Cold Open
(1:22) Downtown Josh Brown & Michael Batnick join Jason: catching up and talking basketball
(13:10) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist
(14:25) Audio as a media business
(18:50) Why can’t the Knicks get great young talent to want to come?
(20:35) ActiveCampaign - Get 10% off your ActiveCampaign subscription today at https://activecampaign.com/promo/twist
(21:46) What’s it like being involved with the Warriors?
(26:20) Market dynamics
(36:25) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(37:52) Building a Disney position
(44:50) Questions from the audience: Jason’s thoughts on RobinHood
(59:12) Most exciting recent investment for Jason
(1:06:30) Last question
(1:07:30) Outro
Meta's Stock Plunge + Market Volatility — With Josh Brown of Ritholtz Wealth Management
Josh Brown is the CEO of Ritholtz Wealth Management and a regular CNBC contributor. Brown joins Big Technology Podcast to discuss what's behind Meta's historic $251 billion stock plunge, and Amazon's equally shocking $190 billion rise. This is a discussion about Meta and Big Tech, but as you listen you'll get a window into market fundamentals like "whisper" earnings targets and why growth stocks are going out of style. We also discuss what happens inside companies when their stock prices plummet.
You can find Josh's podcast — The Compound and Friends — here: https://pod.link/1456467014
And here's my 'Metaverse or Bust' story: https://bigtechnology.substack.com/p/for-facebook-its-metaverse-or-bust
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Downtown Josh Brown on bitcoin, wealth management, and the big risk in the market
Wall Street is embracing crypto one headline-driving development at a time.
From Goldman Sachs to Morgan Stanley, major banks are moving from exploring the digital asset world to fully operating in it.
Goldman, for instance, announced Friday it would restart its market for non-deliverable forwards tied to bitcoin. Both Morgan Stanley and Goldman have said they will offer their wealthiest clients exposure to bitcoin. But one channel that has yet to fully embrace crypto is the independent wealth management market.
Josh Brown — the brains behind the well-followed Reformed Broker blog — is among the legion of wealth managers who have yet to start advising their clients to buy crypto.
The CEO of Ritholtz Wealth Management joined The Scoop to talk about how financial advisors are examining the fast-growing $2 trillion market, why he is skeptical of non-fungible tokens and decentralized finance, and how Covid-19 turned the idea of risk on its head.
Here's a blurb from the show:
"The most concerning is that what we’ve just witnessed completely flipped the entire concept of risk on its head because we’ve just had the biggest risk in 100 years. We had Spanish Flu 2.0 in the modern era, like traveling three times faster than the 1918 version, right? Like the biggest risk you could think of, millions of people suddenly dropping dead from a global pandemic. It turned out to be one of the biggest opportunities. And you didn’t have to wait three years or eight years like the Great Depression to figure that out. Literally. The stock market fell for 16 days and stopped. Think about that. So what even is risk anymore? What if I tell you the next thing is a nuclear bomb going off somewhere? Dow Jones might go up 50%."
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Team Ritholtz - The Wu Tang Clan of Finance - [Invest Like the Best, EP.52]
My guests this week don't need to be introduced. In celebration of the one year anniversary of invest like the best, I asked Josh Brown, Mike Batnick, and Barry Ritholtz to join me for a hour, during which I spent more time laughing than asking questions.
I chose this team because they are the pioneers of mold breaking honesty and personality in our industry. They all figured out that just being themselves yields incredible results. This is a strategy that everyone should try, but very few do. Honesty and transparency require vulnerability, which is hard for most of us. I still struggle with it. But the evidence is in. The Ritholtz team has grown as fast as almost any RIA. Listen to this and tell me you wouldn't want to spend your career working with people this friendly, funny and open. Hell, I want to give them some money just so I have an excuse to drop by more often.
Thanks to everyone who has listened in the past year. We are past 1.25mm listens, and growing fast. You own this thing as much as I do, because the size helps me penetrate deeper and get the best people, which begets more listeners. This podcast is one hell of a discovery machine, and the first year was our warm up. We have a ton of new angles, formats, and events coming in year two. Stay tuned. But first, time to laugh in celebration of year one. Please enjoy my conversation with team Ritholtz
For comprehensive show notes on this episode go to http://investorfieldguide.com/ritholtz
For more episodes go to InvestorFieldGuide.com/podcast.
To get involved with Project Frontier, head to InvestorFieldGuide.com/frontier.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Links Referenced
Barry @ritholtz on twitter
a16z Podcast
Scott Galloway and Aswath Damodaran on Bitcoin vs Gold
Latest 'These Are the Goods' post
Show Notes
2:35 – (First question) – What stock best represents you
5:09 – How was this team assembled at Ritholtz
8:50 – Why larger asset management firms are slow to pivot on new technology
10:00 – The humor of Barry @ritholtz on twitter
11:48 – What technology channels are working best
13:08 – What would happen in a Ritholtz stock picking contest
15:19 – How do you keep investors from wanting to move money into or out of buzzworthy trades
20:23 – Pricing out the news and the value premium
23:41 – Why people want complexity and activity in their portfolios
29:51 – People always want to be a part of the next frontier, example bitcoin
31:08 – a16z Podcast
33:13 – Exploring research in action and living the investments
39:35 – Biggest argument against bitcoin could be the underlying utility and what will make it successful
45:13 – The Hindenburg Omen
46:34 - Scott Galloway and Aswath Damodaran on Bitcoin vs Gold
47:38 – How the relationship with clients has evolved
49:50 – Mike’s new book project that he is working on
51:41 – Why the Mark Twain chapter is the most interesting in his book thus far
53:32 – How a business should balance sales and marketing
58:09 – Who would they draft to the Ritholtz team
58:22 – Latest These Are the Goods post
1:05:18 – Kindest thing anyone has done
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
Josh Brown – The Reformation - [Invest Like the Best, EP.14]
My guest this week is one of the reasons that this podcast exists. Josh Brown is a financial advisor and the CEO of Ritholtz Wealth Management. He is also the creator of TheReformedBroker.com, a blog about markets, politics, economics, media, culture, and finance that has become one of the most widely-read sites on the financial web. He is the author of Backstage Wall Street and Clash of the Financial Pundits. Josh was instrumental in finding me an audience years ago when he shared one of my research pieces with his rapid base of fans. This conversation includes a look at his journey, what he’s learned along the way, and most importantly, his top five, dead or alive.
Please enjoy!
For comprehensive show notes on this episode go to investorfieldguide.com/brown/
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag