1454: Never Bet Against America, Optimism & Preparation, James Altucher Part II

May 5, 2020

38:29

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Episode notes

"Never bet against America," says Warren Buffet. Jason Hartman agrees with Buffet and reminds you to align yourself with those in a position of power. Be optimistic, and prepared. There are several ways to be a prepared investor from an emergency fund to understanding the depths of your rental insurance.

James Altucher is back with Jason Hartman to discuss his moves in the stock market, and why he favors certain positions. As well, this pandemic will accelerate our development with technology and how we perceive colleges vs certificates.

Key Takeaways:

[3:00] An emergency fund is a good, prudent idea.

[4:30] Check your policies for insurance against lost rent.

[6:00] The insurance business is the only business with a negative cost of capital.

[9:26] Buffet said, "Never bet against America"

[10:00] Buffet video: https://youtu.be/JPlRNQtjOHc

[13:10] We, the proverbial We, all live better now than the richest people of the past.

[21:39] Don't buy SPY "the spider", go with RVT instead. Royce Value Trust Inc

[22:20] Anything that was going to happen in ten years, will happen tomorrow

[25:00] Altucher shares his preferences on stocks based on some forced trends bound to happen in the next ten years.

[28:45] Florida has "luxury weather."

[32:30] 40 alternatives to college, with James Altucher.