So I am the ice cream vendor that you guys have mentioned that will be at Future Proof next week. I’ll be in front of Vanguard’s booth on Monday from 5:30-6:30pm. Been a Compound fan going on 5 years now. Compound guys come by for some free ice cream. See you in a few days.
I wish it was publicly traded because i would buy a ton on stock. Lots of incels and lonely old men out there. I guarantee all elon musk followers have OF!
@@snoomtreb All the insurance companies does the calculations of risk. Florida is risky state to live in with all the natural disasters that hit it. I can only assume there is a small chance of your apartment being destroyed by fire, a typhoon or get flooded.
I would love a detailed 10 minute explanation of what gaps get filled means. No sound bites or short explanations that Duncan will put on the RWM channel - I want details and examples.
Look at Starbucks the past 6M or so with OHLC candles. See how it shoots down after the earnings disappointment, leaving a gap? “Every gap gets filled” means that most drastic moves up or down will be corrected.
Ben is such a nice guy but he ALWAYS interrupts michael's stories with his own. I want to know what happened to Michael and his cart at the supermarket.
22:29 Jeeps got ridiculously expensive!! I used to have a Jeep Grand Cherokee 15 or so years ago and it was an affordable mid range car. Now it’s priced like a luxury vehicle.
Air Conditioning is in fact one of the most material factors influencing the rapid growth in GDP and economic productivity in the modern era for humanity. Siestas were (are) a thing for a reason, as historically there were large swathes of the day - particularly the closer you were in relation to the equator - that were unworkable. The daylight working arbitrage opportunities created once American first invented air conditioning is in part cited as a reason for its escalation in economic growth in relation to the broader world.
52:49 Agree with Michael on the Big Fish in the small pond shutting up about how well they're doing. Be grateful you're doing so well and quit lording it over your friends
"In every relationship, there is a person who stacks a dishwasher like a Swedish architect, and another who stacks a dishwasher like a racoon high on crystal meth". 😀
Yes, Michael… as noted when you first brought up NVDA long term holders … we are out here riding the waves up and down over decades. From evolving products gaming chips to Blackwell, the hold for long term has always been about belief in earning growth and visionary management.
As a retired state trooper you should definitely think about safety and this stat is 100% correct. The bigger vehicle wins. Love the show and thank you for all your content!
Utility returns move with financials often because they are rate based. Basically a regulator sets the rate of return they can bake into their customers rates based on market rates needed to secure investment. So basically the higher rates go the higher their cost of capital, which unlike most increasing costs of capital (which implies more risk) these increases are basically guaranteed, turning increased cost of capital into a good thing for equity holders.
Hey guys, that visual showing insurance costs as a % of home values is easily explained by land value. You only insured the structure and the cost to rebuild. With very high land prices in CA, it is easy to explain the low ratio in insurance cost as a % of home value.
I remember the first time I got one of those "We've been watching you watching dirty films, so pay us some bitcoin or we send the video to all your contacts." It came to my work email. I was working in a cubicle along one of the main throughways in the office. Oh yeah, I'm for sure cranking it to dirty movies. You totally got me.
18:20 The guy talks about letting his runners run and kicking out the losers but he doesn't explain what made him pick Netflix and Nvidia in the first place. There are thousands of stocks. How did he know those 2, in particular, would be so successful?
36:29 Michael, Wasn’t there a Big Lots in Carle Place on Glen Cove Rd? It was in the corner of a strip mall. Not sure if it’s even there anymore. If it’s not that store then maybe I’m thinking of Job Lots.
Stopped in a Casey's General Store for microwaved sandwiches while being driven between Spencer and Souix City, Iowa, in a white Cadillac with red upholstery for a new-business pitch for the former infamous IBP in mid-1996. Obviously part of a totally bizarre day.
Great episode. Inflation spiked across the world and normalize around the same time. Regardless of what Powell did, a stable government would have achieved the feat. Bitcoin is still a risk asset. It is volatile and until there is a big adoption, it will continue to move with tech stocks.
DirectTV killed me with the Disney thing, the 3rd dispute they’ve had in 2yrs with them. I cancelled this week and do RUclips tv, saving money in the process. I was full boomer and pro cable, but I’m sick of their nonsense and have officially cut the cord.
The 20-year average PE for European stocks is 13.0x. they are currently trading at 13.3x. So not undervalued. This is why historical context is important. US large cap financials since the Great recession have traded at about 10 times earnings. If you see Prudential trading at 13 times earnings it's not cheap it's about 30% over valued.
On the clean car stuff. I have two vehicles. One is the "clean no eating car" and the other is no holds barred" so that way I always have a clean car and a car I'm free to trash.
@11:30 - If there's an old lady in your way, then you act like a gentleman, smile and apologize as you say "Pardon me, Ma'am, I just need to grab something off this shelf." Acting annoyed is unnecessarily rude.
Housing Equity = Emergency Fund! In case world goes to hell as your other risk assets work. Agree keep your low rate mortgage but after it’s paid off … you’re likely 45-55. Becomes the E fund.
44:53 I hear various streamers talk about OF, and yes it's understood to be mostly pornographic, but the company says otherwise 🤔 The top creators make millions and they have a team or AI respond to (paid) messages, it's not that creator 😂
Yes, Michael… as noted when you first brought up NVDA long term holders … we are out here riding the waves up and down over decades. From evolving products gaming chips to Blackwell, the hold for long term has always been about belief in earning growth and visionary management.
This episode is sponsored by Jensen Investment Management. Learn more about the Jensen Quality Growth ETF at: www.jenseninvestment.com/etf/
So I am the ice cream vendor that you guys have mentioned that will be at Future Proof next week. I’ll be in front of Vanguard’s booth on Monday from 5:30-6:30pm. Been a Compound fan going on 5 years now. Compound guys come by for some free ice cream. See you in a few days.
Yoo! Definitely will stop by!
Defensive coordinator lmao what a roast 😂
He 100% does look like he should be on the sidelines of a football game.
Great, Batnick is going to teach us about onlyfans...
I wish it was publicly traded because i would buy a ton on stock. Lots of incels and lonely old men out there. I guarantee all elon musk followers have OF!
In the last 4 years my house insurance in florida went from 2k, to 4k, to 8k, to this year there asking for $13500. I have never made a claim!!
My sympathies, I considered moving to FL during COVID and one climate change talk I had attended made me choose a less at risk state.
That's insane our insurance here in Belgium is 200(!) A year. It's an apartment, but 13000 is insane.
@@snoomtreb All the insurance companies does the calculations of risk. Florida is risky state to live in with all the natural disasters that hit it. I can only assume there is a small chance of your apartment being destroyed by fire, a typhoon or get flooded.
@@tamwilfred Or sinkholes!
@@tamwilfred likely indeed
I'm with you Ben, Slow Horses is such a great show
46:46 Batnick claiming he doesn’t know what Brazzers or Pornhub are… sure bro 😉
Ikr
Ben may have had a ministroke trying to keep a straight face. It's about the wives...
I would love a detailed 10 minute explanation of what gaps get filled means. No sound bites or short explanations that Duncan will put on the RWM channel - I want details and examples.
Look at Starbucks the past 6M or so with OHLC candles. See how it shoots down after the earnings disappointment, leaving a gap?
“Every gap gets filled” means that most drastic moves up or down will be corrected.
Mudroom and Porsche all in one podcast! It doesn't get better than that, guys. (BTW, I have neither of those, but I think I will survive. )
I hear you Ben … grew up w/o a/c. Makes me appreciate the simple comforts now!
18:25 credit to ben for giving credit to michael for giving credit to that person
I really love this podcast. The last one was amazing as well. I love the relatable money discussion videos.
Ben is such a nice guy but he ALWAYS interrupts michael's stories with his own. I want to know what happened to Michael and his cart at the supermarket.
22:29 Jeeps got ridiculously expensive!! I used to have a Jeep Grand Cherokee 15 or so years ago and it was an affordable mid range car. Now it’s priced like a luxury vehicle.
45:25 Ben's "Hello!" felt very Seinfeld-esk
Air Conditioning is in fact one of the most material factors influencing the rapid growth in GDP and economic productivity in the modern era for humanity. Siestas were (are) a thing for a reason, as historically there were large swathes of the day - particularly the closer you were in relation to the equator - that were unworkable.
The daylight working arbitrage opportunities created once American first invented air conditioning is in part cited as a reason for its escalation in economic growth in relation to the broader world.
52:49 Agree with Michael on the Big Fish in the small pond shutting up about how well they're doing. Be grateful you're doing so well and quit lording it over your friends
"In every relationship, there is a person who stacks a dishwasher like a Swedish architect, and another who stacks a dishwasher like a racoon high on crystal meth". 😀
Guess I’m too young. I only remember the Beetlejuice cartoon.
shout out to Kyla and her deep dive on the failures of dating apps
Yes, Michael… as noted when you first brought up NVDA long term holders … we are out here riding the waves up and down over decades. From evolving products gaming chips to Blackwell, the hold for long term has always been about belief in earning growth and visionary management.
As a retired state trooper you should definitely think about safety and this stat is 100% correct. The bigger vehicle wins. Love the show and thank you for all your content!
I can't imagine not having an AC. I can't even sleep if the indoor temp is over 70 degrees
Dating apps are rough. Men swipe right 54% of the time while women swipe right 5% of the time
Utility returns move with financials often because they are rate based. Basically a regulator sets the rate of return they can bake into their customers rates based on market rates needed to secure investment. So basically the higher rates go the higher their cost of capital, which unlike most increasing costs of capital (which implies more risk) these increases are basically guaranteed, turning increased cost of capital into a good thing for equity holders.
ILY guys
Hey guys, that visual showing insurance costs as a % of home values is easily explained by land value. You only insured the structure and the cost to rebuild. With very high land prices in CA, it is easy to explain the low ratio in insurance cost as a % of home value.
19:22 divide it by the total population. makes sense to me.
I remember the first time I got one of those "We've been watching you watching dirty films, so pay us some bitcoin or we send the video to all your contacts."
It came to my work email. I was working in a cubicle along one of the main throughways in the office. Oh yeah, I'm for sure cranking it to dirty movies. You totally got me.
Michael you cant abandon the Giants when they need you most.
18:20 The guy talks about letting his runners run and kicking out the losers but he doesn't explain what made him pick Netflix and Nvidia in the first place. There are thousands of stocks. How did he know those 2, in particular, would be so successful?
36:29 Michael, Wasn’t there a Big Lots in Carle Place on Glen Cove Rd? It was in the corner of a strip mall. Not sure if it’s even there anymore. If it’s not that store then maybe I’m thinking of Job Lots.
Stopped in a Casey's General Store for microwaved sandwiches while being driven between Spencer and Souix City, Iowa, in a white Cadillac with red upholstery for a new-business pitch for the former infamous IBP in mid-1996. Obviously part of a totally bizarre day.
Forgive my add, where exactly do you talk about the title topic? Chapter names don't suggest that topic at all.
Great episode. Inflation spiked across the world and normalize around the same time. Regardless of what Powell did, a stable government would have achieved the feat.
Bitcoin is still a risk asset. It is volatile and until there is a big adoption, it will continue to move with tech stocks.
In the summer we keep our upstairs zone at 65. It costs about $35 extra per month but the family sleeps well, worth the money.
Invest in a bedjet to keep you cool at night. It'll help reduce your ac use.
Great sound
DirectTV killed me with the Disney thing, the 3rd dispute they’ve had in 2yrs with them. I cancelled this week and do RUclips tv, saving money in the process. I was full boomer and pro cable, but I’m sick of their nonsense and have officially cut the cord.
I thought Paul Graham was the Giants RB4 on the practice squad about to be elevated to getting some real game reps 😂
The 20-year average PE for European stocks is 13.0x. they are currently trading at 13.3x. So not undervalued. This is why historical context is important. US large cap financials since the Great recession have traded at about 10 times earnings. If you see Prudential trading at 13 times earnings it's not cheap it's about 30% over valued.
The venture capital money is in the US.
Please upload the origin story videos to RUclips
14:52 but who's jerome powel?
Isn't RUclips tv and cable the same thing?
Hahaha! Batnick know everything about OnlyFans. Good one Ben.
13:12 why no mention of South Korea?!
Much of Casey’s success is attributable to their Taco Pizza.
Don't change. No need to explain. We can Google
On the clean car stuff. I have two vehicles. One is the "clean no eating car" and the other is no holds barred" so that way I always have a clean car and a car I'm free to trash.
learn humility or get new friends
Supermarket Sweep- always straight to the turkeys.
How about a Mud House guys…. Hey hey?
I'm a Cowboys fan and I feel bad for Giants fans.
There is also Google, Mike.
As a Detroit fan you must be used to losing. Lol. Jets fan
@ben the utilities is ripping because of the demand from LLMs needing so much electricity
Batnick and Carlson pretending they don't know anything about these porn sites. 😂
@11:30 - If there's an old lady in your way, then you act like a gentleman, smile and apologize as you say "Pardon me, Ma'am, I just need to grab something off this shelf."
Acting annoyed is unnecessarily rude.
Hey Batnick, the phrase is "the floor is yours."
supermarket sweep
An amazing show
Great topics one after the other today … feel like I’m at the bar with you 😂 … Bitcoin = smoke and mirrors! Bigger fool theory.
is the preview new? i like it!
No man you don't need to explain who these people are. We all have the Internet
Housing Equity = Emergency Fund! In case world goes to hell as your other risk assets work. Agree keep your low rate mortgage but after it’s paid off … you’re likely 45-55. Becomes the E fund.
25:41 One of the things I find funny about crypto is that it was created to “stick it to the man” after the GFC. Now “the man” is all over it!
I'm with Ben, I can do better than pay off a mortgage.
EU behind. They are too socialist (not enough capitalism vs US markets.. despite antitrust attackers).
I liked the first half of long legs and absolutely hated the second half
Beatnik made the same joke about watching porn(“how would the know”) on two podcast two days in a row. Weak.😂
🥳🥳🥳🥳🥳🥳✌️✌️✌️✌️✌️
69 in the bedroom michael😂😂😂
What millionaire wears New Balance 😂
44:53 I hear various streamers talk about OF, and yes it's understood to be mostly pornographic, but the company says otherwise 🤔
The top creators make millions and they have a team or AI respond to (paid) messages, it's not that creator 😂
haha. milk is not just for 7 year olds.
trump winning is the catalyst for bitcoin
You're both likeable sport wise. Move on...
Lol.. two dudes trying to act like the don't know what Only Fans is haha
MIchael doesn't know what a Casey's is? Coastal elitist.
Is Batnick smoking weed?
👍🏼📈🐋
Ben with the napalm 3:00
Yes, Michael… as noted when you first brought up NVDA long term holders … we are out here riding the waves up and down over decades. From evolving products gaming chips to Blackwell, the hold for long term has always been about belief in earning growth and visionary management.