The Goldilocks Economy & The Biggest Risk to the Market Right Now — with Josh Brown
May 23, 2024
59:48
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Guest Josh Brown, Co-founder and CEO of Ritholtz Wealth, discusses the current bull market and the potential of creating more millionaire households. He talks about the risks of an AI bubble triggering a recession, managing portfolios, and the impact of tech dominance on market volatility.
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Quick takeaways
AI bubble risk could trigger recession, millionaire households rising
Democratizing venture capital investment for broader participation, capital growth
Choosing ethics over job security reinforces integrity in professional conduct
Deep dives
Fundrise Innovation Fund Democratization
The Fundrise Innovation Fund aims to democratize venture capital investment by allowing individual investors to access a $100 million portfolio of leading BIPO tech companies, reshaping an exclusive market into an inclusive opportunity for many. This move aims to provide more widespread access to what was historically limited to only a select group of investors, opening avenues for broader participation and capital growth.
Childcare Costs in America
The average annual cost of childcare in America has been highlighted at $11,600, shedding light on the financial burden faced by families. This substantial expense underscores the challenges many parents encounter in balancing work and childcare responsibilities, emphasizing the importance of affordable childcare solutions and financial planning.
Charles Elson's Integrity Stand
Charles Elson, a corporate governance expert, demonstrated integrity by choosing to prioritize ethics over his job security. His decision to file a legal brief critical of Tesla's pay package, despite facing a threat from the company, showcases a commitment to principles and values, reinforcing the significance of upholding integrity in professional conduct.
Challenges in the AI Industry
Concerns have been raised regarding the potential risks in the AI industry, with discussions pointing to the possibility of an 'air pocket' scenario. This concept highlights the vulnerability of companies like NVIDIA, dependent on AI-related spending trends, and the potential market repercussions in the event of a significant slowdown or reevaluation of AI investments.
Financial Advice for Graduates
Young graduates are advised to focus on being indispensable and adding value in the workplace by taking on challenging tasks and surpassing expectations. Emphasizing the importance of usefulness and continuous growth in roles, this advice encourages individuals to contribute actively, seek responsibilities, and develop essential skills for long-term career success and financial stability.
Josh Brown, co-founder and CEO of Ritholtz Wealth, returns to the show to discuss what’s driving the current bull market and how he’s managing portfolios accordingly. He discusses whether an AI bubble could trigger a recession, and shares why he thinks we’re on the verge of creating more millionaire households than ever before.