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鈥攜et 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.
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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
