Value investor and former New York City mayoral candidate Whitney Tilson returns to The Julia La Roche Show following the election of Zohran Mamdani, a Democratic socialist, as NYC's new mayor. Tilson reflects on the election results, expressing concern about the candidate he called a "Trojan horse for the DSA" with dangerous ideas about defunding police and seizing private property—yet remains bullish on New York City's future. He also shares his market outlook, favorite long ideas including Berkshire Hathaway and Amazon, and the "stinky six" stocks he's avoiding right now.

This episode is brought to you by VanEck.

Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia

This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia

Links:

https://stansberryresearch.com/

https://stansberryresearch.com/whitney-tilsons-daily

Timestamps:

0:00 - Introduction and welcome Whitney Tilson, day after NYC mayoral election

1:04 - Mixed feelings about election night

2:00 - Warnings about Zohran Mamdani and democratic socialist concerns

2:45 - Still bullish on New York despite election outcome

3:10 - What Mamdani's election says about the city

3:22 - Democratic Party dynamics and Trump reaction

4:37 - Why Mamdani won: identifying affordability as key issue

4:54 - Mamdani's effective messaging: free buses, freeze the rent, universal childcare

5:45 - Economics don't work: the promises can't be funded

6:30 - Mamdani as a gifted politician and brilliant public speaker

7:10 - The "Trojan horse for the DSA" warning

7:43 - Whitney's concerns about Mamdani: hostility to Israel, defund police rhetoric

8:30 - Mamdani tacking to center: keeping Police Commissioner Jessica Tisch

9:27 - NYC's vibe is back post-pandemic

9:38 - Big employers making long-term commitments to NYC

10:25 - Risk of turning into San Francisco

10:52 - Wait and see mode: wealthy residents considering leaving

14:30 - Why Mamdani is still dangerous

16:06 - Running for mayor: what surprised Whitney

20:00 - Hope that Mamdani learns from cautionary tales

36:56 - Investment ideas: favorite longs

44:00 - Stocks to avoid: the "stinky six"

47:04 - Berkshire's massive cash pile: $382 billion

51:47 - What's keeping Whitney up at night

56:30 - What makes Whitney optimistic: America's economic recovery

59:38 - Closing remarks

Interview w/ Echelon Insights’ Patrick Ruffini, Election Night Aftermath

The Scott Jennings Podcast

Why Polls Missed in New Jersey

The AI-powered Podcast Player