The Stacking Benjamins Show

The Robots Are Coming For Our Jobs (with Josh Brown) SB1584

10 snips
Oct 7, 2024
Josh Brown, a renowned financial advisor and commentator known for his sharp insights, dives into a lively discussion about the impact of automation on the economy. He emphasizes the importance of "buying the robots" and explores how widespread wealth can negatively affect economic stability. The conversation also touches on the lessons from Hurricane Helene regarding insurance and financial planning. Additionally, Josh reflects on pandemic economics and the cultural influence of films like 'The Wolf of Wall Street' on modern trading.
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ADVICE

Own the Robots

  • Invest in technology companies, especially the dominant ones.
  • These companies are constantly innovating and may shape the future economy.
INSIGHT

Inflation's Impact

  • High inflation destabilizes economies and political systems more than disinflation does.
  • It disrupts daily life and economic activity.
ANECDOTE

Pandemic Experiment

  • The pandemic was an experiment where everyone had financial and physical freedom.
  • It broke the economy, showing that universal attainment of the American dream is unsustainable.
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