The Prof G Pod with Scott Galloway Prof G Markets: How the Debate Moved the Market & Wall Street’s Take on Trump - with Josh Brown
4 snips
Jul 8, 2024 
Josh Brown, co-founder and CEO of Ritholtz Wealth Management, dives into the market's reactions to the recent Presidential debate. He discusses the implications of Trump and Biden presidencies on investors, revealing his low concerns over Trump's potential tariffs on China. The conversation also highlights how prediction markets clarify voter sentiment and the historical performance of stocks under different administrations. Brown emphasizes the stock market's resilience during election years, despite political volatility, offering valuable insights for savvy investors.
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Roaring Kitty Lawsuit
- Gamestop shareholder sued Keith Gill (Roaring Kitty) for an alleged pump-and-dump scheme, then dropped the suit.
- Gill's buying a stake in Chewy caused a stock surge, mirroring the GameStop situation.
Transparency in Trading
- Josh Brown supports Keith Gill's freedom of speech and transparency in transactions.
- Gill's disclosures exceed those of many Wall Street professionals, argues Brown.
Investment Selectivity
- Investors should be selective about their investments, like choosing rides at an amusement park.
- Avoid investments that don't align with your risk tolerance, even if popular.
