In a complicated society, in complicated systems, when there is a crisis or a problem, the person who has the expertise to respond to that. Often it's someone whos, you know, six levels down on the organization chart,. Who has a very specific knowledge. In some way, thiissomtingt revealing something. Because its generally true about expertss. It's kind of quiet and local. Like people who really know something are spending their time knowing, learning about the thing - not advertising in their expertis.
S&P 500 and Nasdaq had their 7th straight negative week and investors (including us) are feeling the pain. (0:30) Ron Gross and Jason Moser discuss: - How history shows staying invested through downturns pays off in the long run - Major retailers struggling with inventory - Signs of strength in the home improvement industry - Two stocks on their radar: Costco and Marqueta
(14:20) Best-selling author Michael Lewis shares insights from the latest season of his podcast, Against The Rules, and discusses: - Why he chose "expertise" as the theme for this season's episodes - How you can spot a real expert - What CEOs can learn from their employees who are six levels down - His thoughts on cryptocurrency and NFTs - The experience of going back to re-read his first book, Liar's Poker
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Stocks discussed: WMT, TGT, HD, LOW, COST, MQ
Host: Chris Hill Guests: Jason Moser, Ron Gross, Michael Lewis Engineers: Dan Boyd, Austin Morgan
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