19 Burst results for "Josh Brown"
"josh brown" Discussed on 710 WOR
"Always say, like two types of percentage yields there, and I've never really understood the difference between two gold it and then I get even more confused. You're pretty good at explaining things. Simply and which of those two yields. Is really the one. I should be more concerned with. Okay, so repeat that question just for listeners. S so when I look at my mutual funds, I'm looking for their performance. A lot of times I go to Yahoo finance and under performance. I'll see 2% yield, madam, my computer now so I can't recall exactly what they're called that they're right next to each other. Oh, I know what you're talking about. Yield verse. Basically, you're distinguishing the dividend yield. Verse. The performance yield is distinct from performances say you have $100,000 in PSE and G stock, and I'm not telling anyone to go by it, and it pays a 2.5% dividend. It's not the same. Is it earning 2.5%? It means the dividends about 2500 every year divided by four quarters. Performance would be It's up, 7%. So you're 100 grand is now 107,000. Or was the negative 10% would be 90, so you do not want to confuse yield with actual performance. And you don't want him trees. You don't want to chase yield, or you could be bitten by the yield shark. Which this really wasn't time did everything but it It's something I call The yield shark, which is many investors will go for something because it yields a higher amount. So they'll go for the highest dividend paying Reet. And there were all these newsletters after the rest Last crashing await about dividends, superstars or the dividend, you know. Gumshoe. The guy dividend, detective. And people will often by these newsletters, thinking that the dividend is like reliable. Well, one of the most reliable dividends of all time was BP. Prior to the oil spill that rocked the dividend. The performance was cut in half. So paid a dividend still had a nice yield. But if you want to put your money in there before the oil spills some years ago, you'd have lost 40% of everything Young so you to watch. The difference between the yield and performance if you don't understand your performance. How you did this year. Call us 88988 Josh for the What did I actually make review aided 89 today, Josh and we'll give you the new book by Josh Brown. How I invest my money. We'll be back after these messages. Don't touch that dial. Hey, me out on the first tee. Yeah, I'll be right there. Just reading this article on what New Bill Congress passed. Looks like it's going to affect the value of all retirement.
"josh brown" Discussed on Special Conditions - A Pokémon TCG Podcast
"Two thousand twenty one of your host. Adam tuttle and. I am joined by my co josh brown. What's going on what's up adam. Happy early thanksgiving friend. Well yeah for you. It's still the day before thanksgiving. It is thanksgiving happy thanksgiving. Yeah yeah turkey. Day man turkey day. Gobble gobble gobble gobble. What's like one thing you can quickly spit out that you're thankful for You adam You this show the community pokemon cards in general But you you got cards man. Like i am this for you as well and I know in just a few minutes that you'll open a birthday gift that i sent to you. Because he birthday was monday. It was a couple of days ago so happy belated birthday. Thank you sir via the podcast. I know i did wish you. Happy birthday on your birthday Just a lot of things a lot of love going around. Stay safe everyone. Yeah please having a family. Dinner is not worth risking your safety please. Arabi smarten safe out. There and look thanksgiving will happen next year and literally. You could have this dinner at any point in your once. It's all safe. You could do what you can do this in march. No-one will care because it doesn't matter but right health you could also face time your family calling them is still important telling them that you miss them and love them and still reporting. Yeah you don't have to do that face to face in restless safety of right but we're we're not here to to to talk about that adam. We're here. We're talking about being thankful for pokemon cards. 'cause it's the hype is real pokemon cards exciting. I've heard their big thing these days. Yeah here we are. You know sixty two episodes in. What is that like a years worth. Well yeah yeah. And then you've got some youtubers coming in and just being allowed like. Hey i didn't do pack openings. But now i do. Yeah and it's like a man. Can they just listen to this podcast instead. Yeah i mean they should. I mean they'll get more information out this podcast than they will any other videos..
"josh brown" Discussed on The Ray & Dregs Hockey Podcast
"Online at your help. C A or call 105-4855. Sure. So question one really comes from Jared Jared asking which NHL teams would you most want at least want to be the general manager of going into the draft and free-agency? That's a loaded question. But an interesting one. I would want to be the general manager of Montreal because they have cap space and pics. I would least want to be the general manager of Tampa. Yeah, because of their obvious issues. They're going to have with the cap and they're going to spend more time off loading then trying to add I can't imagine what being the GM of Arizona will look like right now. They're trying to shed cap. They're trying to get Vulpix there man there it's a blender out there. And so I would say those would be the yeah the way I'd look at them right now. No, that's an excellent point. I am because you you use Arizona, I would agree with you on Arizona and I really wouldn't want to be Billie Armstrong & having to go through. I mean, he hasn't been through the rebuilds in Arizona, but it is another rebuild in Arizona and it's going to be a tough one. I'm not so sure. I want to be David poile either in Nashville and and David has made it clear, you know outside of maybe a few players, you know, um, One of our centerman I make a call. Let's you want to talk about Matt Duchene. I'll talk about Matt Duchene you want to talk about this guy just make a call the best part about that is they all met a million dollars tops contracts tough tough contracts and I know different than Billie Armstrong and wrestling with Oliver ekman-larsson. I mean, there's always a market for centers. There's always Market floor top pairing top three defense. So, you know, they're interested parties, but executing is something different so they would be difficult. I'd like to be. Orient. I would life story. He's got thirteen draft picks and and you noted this early in the podcast months ago saying you can't sign 13 players. So you're not going to draft 13 players. And in fact, he already used one of his second-round picks. I think Greg's from that Friday and he had he had. Yes, he had a cut off. Fourth-round picks the gears 4 seconds, and he of course, there's three first. Hey, we've got a bevy of draft picks. So we acquired a defensive you remember it was from Josh Josh Brown Josh Brown. So again noted this and that's hockey, but they need a center. They need a couple of Wingers at least they need a couple of defenseman. Well, they've got now and one is Josh Brown they need to go lie. So you've got all of these assets that you can pedal. I think it would be fun to go into the draft knowing that you're you got three first-round picks. So you took him three and five you're getting to really good draft picks and and you can use the 28th pick to trade for something right. So even though it's daunting because you're trying to make your NHL roster better. You've also got some real good developing players coming up from the American. They got a Belleville like kids that look like they're ready to play in the NHL. You've got your young guys off. Ready to Chuck and Shabbat and all those young players in the NHL were probably going to be better as long as and this is at all asked as long as I've got some patients from my owner Eugene melnyk, which is at all. That's great. That's it's at all laughed and what's our goal is our goal to get to the floor plus $1 or I mean that's going to really pamper a lot of what Pierre dorion can do but you're right to sit there with that many pics you can be as creative as your mind will allow and you know, you have to get to the floor. So you've got to get to that floor and you have the assets to make those decisions in a very constructive way because wisely and pair knows this, you know, it's not Wednesday yet. Like the restricted free agent deadline hasn't hit there could be players that are going to be available either free or a manager is going to panic at the last second before that deadline and he's going to say Pierre all dead. Calling your third round picks, but this is my restricted free agent. Are you interested? He's going to go. Yes, I am giving the agents number or E qualifies. And you you said you go to arbitration and you deal with the aftermath, but I I think he's in a wonderful position. So there you go question to from David if you're conducts management, we talked a little bit about the kanaka earlier. But if you're Jim Benning, what do you do with Jake for tannin and is there a fear of repeating the cam Nealy trade affecting the Judgment of banning in the Vancouver Canucks? Cam Nealy and Jake virtanen are so far apart. I can't believe that these articles start at the pop up. I'm like just because they're both from the North Cooper Ariat camps from Delta. And uh Jake is from Abbotsford to suburbs or fish or surrounding communities Evancho and they both shoot right-handed. They're not the same. They're not the same. So I have no fear of repeating what that trade turned out to be. The biggest problem I have is I don't want to page a 4:10 and 3 million dollars. He's got an arbitration case that is going to make that it could be made strong enough to put you in the to 7 to $3,000 range. Yeah. I don't want to pay him that much. I don't think he's a top-six forward. I don't think he's ever going.
"josh brown" Discussed on Special Conditions - A Pokémon TCG Podcast
"Is always Josh Brown. What is what's up? Adam how? How is your fourth of July weekend? Sir, it was low, key good. As. But, it was low key perfectly played with some sparklers. Safely. And lots of glow sticks Nice. Because, they're safe, yeah. Just as long as you don't like, put them in the microwave or bite them. Sure get the liquid all over you go. Sticks are great for camping. Also a life hack You could buy the really cheap and a lot of them at dollar stores. Yes yeah, and that's what we did. Perfect look at that. And we did make the fund fatty..
Stocks Are Up But The Economy's Down
"There was a moment about a year and a half ago when there was this big disconnect between the stock market and the economy at that moment the economy was doing fine. It was doing really well but the stock market was tanking and to explain that disconnect. We called our old friend Josh Brown. He's the CEO of ritholtz wealth management where he advises clients on how to invest their money and his answer back then was so good that stacey and I have been thinking about ever since. Now I'm GonNa give you my favorite analogy so a woman is walked central park and she's got a dog. What's what's a very active kind of dog. Oh like a Jack Russell. Terrier some great. If you just looked at her what is she doing? She's taking normal steps. She's going in a straight line. She's walking upright at a at a moderate pace. Nothing terribly exciting. Then let your eyes pan down a little bit. Look at the dog. The dog is going crazy chasing birds. It's it's digging up clumps of mud. It's running trees. It's peeing all over the place. The dog is the stock market. The woman is the economy that's genius round. Yeah Josh's point is that the stock market and the economy usually end up in the same place. Just like the lady in her crazy dog but there are times when they do not act or look the same at all and today there is a different kind of disconnect between the stock market and the economy. Yeah I mean when the coronavirus pandemic started forcing the US economy to shut down in late February. The stock market tanked for the next month. By late March. It was down thirty four percent but then even though the economy has kept getting worse and worse the US stock market has started to recover it rebounded in a big way so that now it is only down thirteen percent from where it was in February before the recession started
"josh brown" Discussed on Newsradio 970 WFLA
"Joseph scooped it out of the zone Mike Matson knocks it down trying to hit C. Vieri couldn't sneak is way back across the blind students played by Josh brown back in neutral ice left wing Matthiessen deposited part played by Brayden point in the far corner surgeon couldn't clear the zone Helen passed a great point of point Keith Yandle the one point but try to Frankfort trato walks into the left corner point check them good play braided point forces a steel for Joseph could clear holding Yandle a point by point PASOK shoot whatever he rips it out no one in the latest batch five nineteen remaining five one Tampa Bay laser get a change anyway on that specific play in the you have a face off to the left for Haiti you know I talked to lighten the put a very sound hello or do a TV time out here they put the light out late rotated five one lady in the third the bill for the holiday sales event is here and so is our best offer of the season twenty percent estimated savings on select Ford models stop by your local Ford dealer to see off for his bill for the holidays eligible it's like twenty nineteen model year vehicles vehicle must have arrived at dealer Lee sixty one days prior to the sale date estimated savings included apps dealer discount based on the sill survey of average discounts offered by for dealers nationally discount may vary dealer determines price for all offers take new retail delivery from an authorized for dealers doc by one to twenty twenty see participating dealer for complete details having the right gear for the right job is always important especially on the ice and nobody knows that better than the Tampa Bay Lightning and Tervis tumblers two great local teams that are great on ice service toddlers have been serving up ice cold drinks for more than seventy years and are now available in super cool stainless steel and they're available along with the original classic tumblers awesome Tampa Bay Lightning designs at any Tampa Bay sports interviews.
"josh brown" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"You should really have a bigger plan in mind for how you're going to turn that into a bigger firm because I don't really think there's going to be room for fifty million dollar. RIA's in the near future not everyone doesn't have to be billions but I don't think that these smaller practices with one person or two people like the clients. I-IT'S ARE GONNA want succession peace of mind. They're gonNA WANNA know what happens to them. If something happens to you. I think the cost of regulatory compliance goes up the cost of healthcare healthcare and Fintech and software. Like all of these things are only going in one direction so to be a fifty million dollar firm three years from now. I'm not saying it'll be impossible all I'm saying it's not going to be glamorous she should really have a sense of if you do go out on your own. Are you going to be a part of something bigger. Are you going to do your own thing and if you are how how you GonNa get bigger because I think bigger is going to be very important. Yeah and by bigger. I think we would all agree what we mean is not bigger for the sake of a bigger sake but basically what you know people ask you know. Why are you guys do these conferences? And why do you guys do so much thought. Leadership within the financial advisor is we have brought on some incredibly talented financial advisers. All over the country. I now have offices set up in Portland Oregon Chicago Florida in Orange County California grand rapids Michigan New Orleans. Lafayette we have brought on some incredible advisors. And they've come on not because 'cause we recruited them they were fans and they said you know what I'm running this practice it's twenty million. It's fifty million on that this firm or have my own firm but I'm sharing all your content with my clients and I said to myself. Why don't I just joined these guys and be a part of it holds wealth that has been in addition to organic growth growth of clients bringing on like minded advisors has been really really key for our growth? So it's not just we WANNA do it because we want to get bigger. This is more talented advisers that we can put fun of our clients and this is how we can serve more clients better by having more of us so many we have not raised a dollar caller from private equity or outside investors. We have no interest in that right now. Everything we've done is bootstraps all the advisers. That have come to work for US came because was they were fans of what we were doing. They agreed with it. Just like the clients and I think if we can keep that going that'll be the key to doing big miss but not for the sake of bigness and getting larger because it's better for us for our clients we better pricing from our vendors will get the benefits of scale but we're not giving up an arm and a leg for that scale we didn't sell out fifty one percent of the firm to a hedge fund. We are doing this very methodically. And we're doing it in a bootstrapped way in well. It's the right way to do it and look MMA right now in the ARA space is hot and heavy and the reason it is is for all the things as you're talking about it's not about I mean some firms. I guess are getting bigger just for the sake of bigness as you say but the right firms are doing it. Because they're either. There are a one man band who doesn't have the scale or capacity or succession plan to really ultimately do what's right by clients and or their affirmed that realizes it's going to take significant investment in in their own firm in order to grow and it's probably a good time to look at another firm and say say can one plus one equals three. I read something this morning about. Affirmative where the original private equity investor sold all their shares to a second in private equity investor. That is not appealing to me. The idea that attorney Ria into a bond and the bonds paying interest to outside investors and the people working there are like generating interest payments on these bonds. We want to be an equity. We don't want to be a bond and definitely don't WanNa be a football where one private equity firm themselves as to another and then we're just like going about our business trying to help clients giving employees ownership of the firm gives us a better future than giving essentially fixed income investors ownership of the firm so one of the major things that we did last year was bring on our first non owner equity partners and by the way the first person to buy equity in the firm was our office manager and administrative assistant and she probably when she joined the six years ago never would have imagined she would own a piece of the firm one day. It was not something that we discussed but we made her equity owner because of how much she's done for the firm before a four we've made any of the other advisers equity owners and so if someone's like what is this firm look like in five years and ten years. I want the firm to be all employee employee owned and I want there to be more shareholders than there are now and every year when we have an advisor. WHO's been with us for three years or more? I WANNA make those new people the next shareholder and you know people always say you want your employees to act like owners or they're not going to if they aren't owners they might pretend attend. They might go through the motion. Here's the Taiwan about that. That's what Wall Street investment firms used to be they were the great investment firms like Leman brothers and Goldman Sachs they were partnerships. They didn't have outside shareholders that came later when they all went public. And I think that that idea of the people who work here also own it. I think that's probably what kept them in business for decades. They weren't risking other people's money. They were risking their own so so when they did things in good markets and bad they will new ramifications. We own this so I don't WanNa have disinterested second third hand investors investors. I'd much rather have the people that live and work within my firm and have two year olds. Five Year olds have hopes and dreams. I want their future to be tied up with the future of the firm. And that's how you get people to act like owners you make them owners you know. It sounds so obvious but so many people have not hit upon that yet and I think that's something that would doing right. And what makes it ironic. It's a throwback to old school Wall Street. Yeah I think you're right Josh. What about the clients do you do? You think that. What clients expect from their advisers today has shifted? There are two types of feed pressure one is nominal. Why am I paying? Can you two percent. I want to pay one point five. And that's affecting every firm from asset management too financial planners but the other type of pressure is a little bit more invisible to the naked eye. But if you're a business owner you feel it if you're an adviser you feel to maybe a lesser extent but that other type of feed pressure is okay. I'll pay you this but I want more or I want what you're doing now. Plus I want these other three things and I think what firms are trying to figure out now is well. How much more can we offer rather so then how can we cut fees so you see firms getting involved in it more deeply into insurance you see firms getting more involved into the estate planning process you you see firms filing taxes for their clients you see firms acting more like family offices? Doing things like bill pay. I don't know what the right answer is to that question. How can we do more more for all of our clients and have that help justified? What they're paying us but I know that it's part of the answer? So we're on a dual track. We have something the called milestone rewards. I think we're the only pharmacy industry doing this. Basically said that on a client thirty six month we're going to cut their fees by an average of fourteen percent percent forever going forward and we're GONNA do that as a reward. Not for the clients loyalty to us but the clients fidelity to their financial plan an and their loyalty to their own objectives and goals. So we're looking at as like a behavioral benefit to them so if you have a client that makes it three years. And they've stuck with the a strategy that you've invested them in and they haven't panicked out of the market and they've stayed cool through some volatility after thirty six month. Were chopping down that feed that. We're we're charging them. And we've got incredible feedback from people. They absolutely love it. They appreciate it the day their adviser calls them and says hey. It's our three you anniversary history working together and now you're qualifying for the milestone reward. It's a really good feeling for everyone. All around that's on one track and then on the other track we are trying trying to do more for clients than than maybe we would have done ten years ago or maybe other firms are doing and we are trying to introduce these other services like tax consultants etc so. I don't know that every firm has to do it exactly the same way. I'm just talking about what works for us. And of course like most great firms in every industry were guided by what our clients saying to us. And I can envision a scenario in the near future where we put together a client advisory board my friend and show penny. Who I know you've had on the show gave me this idea? He's got a client advisory board at dynasty now his clients or or a owners that are on his platform born but the principle is the same. How great would it be to get feedback directly from the people that you're serving in an organized ongoing fashion and use that as a guide to to whether or not you're pleasing people to the extent that you have to so? I can picture us doing something like that. Where we ask five clients to join and then maybe reshuffle at every two years? So it's new clients. We're hearing new voices. I do think that that's got to be part of the future. Is that kind of direct feedback from clients not ad hoc and random like somebody sent you a card and says thank you but really having ongoing meetings or conference calls with people whom you're actually serving and having them tell you if what you're we're doing is right or wrong or if they enjoy it or if they want more of something or less something else yeah well first of all Kudos to you. I think all of the ideas are great. They're in direct response to what clients wants their in direct response to what's meaningful to clients and what they're asking you for but what strikes me the most is the amount of control and freedom. You have to come up with these creative solutions. And I think that's what most advisers really want more than anything. We know our clients alliance better than anyone better than a big firm and we want to be in control of how we serve them..
"josh brown" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"The other stipulation is we won't take part of their money it's all or none and it's not because we're snobs or we think were good for small dollar amount. We are literally selling people on the idea That we have to execute the financial plan in order for the portfolio to mean anything so can every firm that yes. The problem is if if you don't have as higher probability that that person will become a client think about how much time and effort you've invested on nothing. We're doing hours of work for people before for they. Pay us a nickel. How can we do that what we can do that? Because we know is a very high probability of the right people becoming clients so we can make that upfront front investment and a lot of firms can't and the reason we can make that upfront investment. Because we know they're already fans of ours and they're probably going to come on board so that is one of the she could weapons and then the other one which I'll explain a little bit more quickly everyday. Things happened in the economy in the stock market. The twitter and chief has things to say interest rates geopolitics and oil refinery blows up. There are always things happening that I don't WanNa see frighten. Investors but introduced concern into a high net worth investors life. Someone that's got millions dollars at stake. They are paying attention to this stuff now. Most of them in this country have an adviser and they don't want to call the advisor every time something makes them nervous right there like this looks bad. I sure hope my financial advisor Susan. It is paying attention to this. Our clients know that we will have a take on all of this stuff. All they have to do is go to one of our blogs. Listen to one of our podcasts casts. Even go on facebook or twitter or any of the places where we're doing content and it's not that we will have an answer. That's the perfect answer. It's that they know we're paying attention. And we're fully engaged and both are hands on the steering wheel and that is a I think a huge advantage and when advisors come and join our firm and they leave places. I'M NOT GONNA get into individual firm names but they leave other are a or they leave brokerage firms and they bring their clientele when they join us. That's one the things that they hadn't even counted on being benefit all of a sudden being an incredible benefit to them because their clients say. Hey Dave I know. We didn't speak this week but I was a little bit nervous about that. Thing where the repo rate market blew up and I didn't really understand it but then I saw Ben. Carlson wrote something about it at a wealth of common sense or I saw Josh Brown on TV. Giving some context about it and I didn't panic. Those two things that we're doing other firms can do them but it requires an enormous enormous investment of time and effort and energy and a lot of luck and being clever in order for them to build something like that and no one else that I know of really has anything like that right now in space I have to assume that other firms will rise up and give that a shot but we haven't seen it yet and our client to the beneficiaries to that. So I'm really proud of having built the firm with with that orientation. Well you should be really proud. It is unique and extraordinary and I think the thing is I I know for me. It's not a marketing methodology. It's soulful I enjoy doing it so for a firm to do it. It's an enormous investment of time and an energy that if you it would be hard to sustain. It's sort of like doing an exercise program and doing something that you hate if you don't eventually embrace it it's it's never gonna be able to be sustained results if you write a blog post every day for for sixty days spent two months and then like you about the same amount of traffic on day. Sixty that you had on day ten you probably going to give up and that happens all the time yeah. Well it's I mean I know that too. It's a black hole. Aw You know your writing and you feel like nobody is listening and you keep writing and your writing because it soulful because or speaking because it soulful because you enjoy joy doing it. You can't be doing it because you're waiting for results because otherwise than you'd give up instantly but I want to shift a little bit and say looking looking at the industry at large. We all know that the PUCK is heading largely toward the independence space. Were watching every day billions of dollars billions begins in top teams leaving the wirehouse world to go some version of independence and the independent ecosystem. The waterfall of possibilities keeps expanding and one of the things that strikes me is that we hear advisors at the wire houses complaining about the inability to differentiate themselves is to speak their mind to brand themselves to brand or stand out in any way different than the thousands of others in their market in their industry. So the things things. You're doing the things you're speaking about the blogs podcasts. The television commentary. Are Those things that you think you ever could have done. Were that a wirehouse. Advisor could make work within the confines of a big brokerage firm. Now yeah well that's a simple answer. I would agree with that. So what what is your message. Then to an advisor at a wirehouse firm WHO's considering independence with respect to either the notion of being able to differentiate the French eat themselves or just what it means to be independent. Well I WANNA backup and just make the statement that not. Everyone has to be a blogging superstar to be a great adviser Iser and I think that there are great advisors at the wire houses and I know a lot of them personally and I know how hard they work and I know how much their clients appreciate them so. I don't think there's one way to do this. And I honestly like my path is so ridiculously backwards. I would never have. I was talking to a twenty year old. Who says As I WANNA be like you guys one day I would never say do things the way I did. I worked at Shitty firms for ten years with nothing to show for it. Like no uh-huh pride no money. I was broke ten years after I started as an advisor in two thousand eight. Two thousand nine. There were months where I had no paycheck because I just was not selling anything to anyone and I just didn't know what to do so I would never suggest that somebody should go through that just so they could emerge on the other side right as a famous finance blogger so there are people that have had a ton of success within the wirehouse system. And if they're comfortable and they like it and they're happy they should keep doing that now. That's not everyone. And there are a lot of men and women who are at large wirehouse firms and they do feel confined and by the fact that the firms got official mouthpieces and they don't want freelancing financial advisers running around with views that might differ from the house view. I totally get that for those people that feel that they are being stunted professionally because of those confines than they should consider independence silence but you can hang shingle and you could move to dynasty platform or you could move to from a Raymond James Captive to a Raymond and James. Ria on there. You can do all these different things. And it's amazing that there are so many options now but that doesn't mean all the sudden the phone's I'm GonNa Light Up and you're going to have a hundred new clients knocking down your door so the thought that I would plant those people's heads that you're referring to like should I go.
"josh brown" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"I want to talk about both so. Let's first talk about the blogging in the writing. So you go from being a young guy not with necessarily early a whole lot to say. But you're a very relatable guy to who you are today so tell us about the writing you do today. WHO's following you? And why I don't think think much has changed from what I was writing about in two thousand eight thousand. Nine topics have changed but it still a journey of discovery and I always tell people that I have learned way more from blogging than anyone has ever learned from reading my blog so I guess I'm the teacher and the student if you go through like ten random into post of mind from the last month you'll see that a lot of what I'm doing is relaying the research and insights of others and maybe I'll build on it or maybe I'll say I disagree agree with it or maybe I'll take two opposing viewpoints on one topic and explain why there might be merit to both sides of the argument. That's what I'm doing on the block. Now there are some subjects where it's very much my lane. I know it better than anyone and I'm not afraid to say no. I have this right. But that's rare in in most cases. I'm trying to connect my readers with information that I think will help them understand how things work or what's really happening so I don't think the blog itself has really changed all that much now. I'm lucky because I'm surrounded by people that work with me that are producing a lot of this research that I'm relying so a lot of times you'll see see me linked to Michael Baton at who writes the irrelevant investor. He's my firm's director of research. Or you'll see me linked to Ben Carlson who I would consider to be. The finest investment estimate writer of our generation. Ben Is our director of institutional asset management or all linked to Mick Majoli who writes of dollars and data. He's he's our analytics manager. He writes once a week. And it's a deep dive into data analytics to make an investing point. So I have people I work with whose research research is phenomenal. And they will use it to tell a story on their blog and a lot of the time I'm linking to their stuff in addition to Lincoln to the Wall Street Journal and Bloomberg Berg. But it's really again. It has not changed still about. How do we get smarter? How do we figure things out? How do we learn from what's happening? And what are the takeaways that it matter to us as advisors or as investors so has your intent of writing changed over time meaning. You first started. Because what the heck I'm trying to figure this out and I'm learning alongside people. How's the intent of doing this writing change to grow the business whether whether it be your own personal voice Ritholtz wealth management which will get to in a second to share information to a combination of other things? What's the motivation these days days? So I'm really inspired by something that my partner Barry's wife wants told. Barry is the original finance blogger. Barry was writing on Geo cities in one thousand nine hundred ninety eight. And that's when it would take you half hour to write a post another half hour to code it like there was no wordpress us and there was no such thing as the word blog by the way weblogs came along later. So that's how long he's been out and his wife one said Barry is functionally functionally unemployed meaning if there was no one paying him and if there was no reason to do what he's doing and even if there were no readers he would still be blogging. And I find that so inspirational like this is a guy that is just doing what he loves and writing what he wants to write about and he did it for ten years before anyone paid attention to it or maybe five years forty so I try to stay in that mindset. Mindy to answer your question like it's great that we've built a business on the blogs and believe me as somebody who called for ten years I can tell you this is way better to have people coming to US rather than US having to knock down doors does it believe me. It's way better but honestly I don't think I would stop either way because I love the process of reading and writing my thoughts down about what I've read and and write about my experiences I relate to that a thousand percent because I blog not daily but weekly and it's grown the business and it certainly the increased our exposure and credibility but that is not my intent. It never was my intent. was I discovered the fact that I actually liked to write. I discovered discovered the fact that I had stuff to say. It feels soulful to me to write it and I'm going to continue to do it. And the fact that thousands of people read it is just a wonderful benefit. But it's not the sole motivation so I totally get what you're saying. Yeah that's really where I am mentally and I and I don't know doc if the Josh Brown three years now is i. I don't WanNa ride another blog post but I mean it's eleven years so I'm obviously motivated by something because I don't have to keep doing doing this. I just I love it. I love my audience and I like the way it feels when I write something and it connects with people and people. Email the farm. And they're like this thing. Josh wrote really really help me and they might be wearing something. I wrote seven years ago like so. I really get a lot of enjoyment out of that and the fact that it's helping us build a following and that our clients let's start off his fans. That's just incredible and I never take it for granted. Yeah I'm with you. It is extraordinary. What you've built in you should feel very proud of it Let's back.
"Names in the wealth management industry are as well known as that of my guest on this episode. Josh Brown is the CEO and Co founder of ritholtz wealth management and Ria with over a billion dollars in assets but most know. Oh him as the prolific voice on. CNBC's halftime report and from his no-holds-barred commentary on other major media outlets. Yes it's the reform broker blog that served as the catapult to popularity which led to authoring two bucks his own video series and podcast. I A robust social media presence and much more. What many don't know is that? Josh started his journey as cold calling broker at the age of nineteen. He got US series seven while attending the University of Maryland and worked for several small regional broker dealers before deciding to make the switch to become an investment advisor. Then in two thousand thirteen he started ritholtz wealth management with partner Barry Ritholtz as it states on his website. Josh Calls Lakey sees it and occasionally will make you laugh. I'm really excited to have him on the show. He Super Smart Delightful and his story. Narrative are both objective and authentic in ways. Few others can match. So let's get right to it. Josh thank you so very much for making the time to talk with me today. Oh It's my I pleasure. Thank you for having me. Maybe I want to jump in by talking about your background I know and reading about you. Got Your start in the industry and all of nineteen eighteen. Nineteen years of age is a cold calling broker love to hear a little bit about that experience. Well I was in between freshman and sophomore year at school and I really didn't know how to spend my summer and my dad was playing golf on Long Island with all of these stockbrokers and this is just like that moment in history where being a stockbroker was glamorous and that's where everyone was making a ton of money and there was a ton of interest in the stock market this predates the online online brokerage firms. So if you were a wealthy person in America and you wanted in on the huge bull market you needed a retail broker. That's how you transacted and and Got Research and got. IPO's so if you're one of those brokers you just had unlimited demand for what you did so these guys will make tons of money and my dad was just like hey. My son needs a job. Can somebody bring him on for the summer. I don't think he really drew the distinction between let's say Merrill Lynch and the first firm I started that which was called Lou libra bound which was basically a firm with five offices and he was just like hey my friend has a Gig view and they put me on the telephone immediately. Apparently I wasn't licensed so I wasn't able to sell securities but you know I was able to Connect a quote unquote senior broker with interested investors. And I was good at it and I love doing it and the market was great so I kinda felt like. Hey this is something I could maybe do for a living. Did you ever think about leaving a boutique firm like that and going to a major brokerage firm like Merrill Lynch Morgan Stanley or something of the sort. Well first of all. You're using the term Boutique Very China. Any kind yes what I would call it. I really didn't have an awakening about the right way to do this. Business until the financial crisis in two thousand seven two thousand eight is really the first time that I started to question. What am I really doing for people you know? I loved talking with Clients Dance. I loved buying and selling stocks but it wasn't really until the crisis where I said. Nana this is helping anyone. It's just a hamster wheel of good trades bad trades. I wasn't a financial planner. I wasn't really addressing the big needs. These people had and to be honest. The clients were self selecting also. Oh so it's not like these were people who were interested in talking to me about a financial plan. They were gamblers. They wanted to speculate in stocks. And you know there is a subset of investors or is that is not interested in long term investing and is more interested in. How much can I make this month or is coconut outperformed Pepsi and that is the need that I was addressing and it really took the crisis for me to say I have to get with a better firm? I have to figure out how I can really add. Value People's lives jobs and it turned out that at the same time. I also had the switch the clientele I was dealing with so all three of those things occurred to me at the same time and it wasn't until I had already really been doing retail brokerage for years. Okay so that brings me to my next point so now you are a nationally known thought leader television commentator and CEO Eeo of an IRA firm. So let's talk about the journey. How did you connect with Barry Ritholtz? Who is your partner in Ritholtz Wealth Management and? How did you get from from there to here? The very abbreviated version. Is that in. Two Thousand Eight. My business was basically washed out. The stock market had declined by fifty percent even the best quote unquote blue chip. Stocks were crushed even the best mutual fund managers were down big and I had seen the DOT com crisis assist. But I wasn't really managing money while then happened. I was working for people who manage money so it didn't have the same effect on me. This really affected me. And I kinda the had this crisis of consciousness where I said you don't doing all this stuff every day but it's not really helping anyone and like everyone else. I didn't know what my future was but I had nothing to loose and I had things that I wanted to say. I'd always been a big reader and I love to write and I just said you know what nothing else going on. I started the blog and and you know it took five minutes to get a wordpress. I bought a domain for thirteen dollars and I was often running and my compliance officer. And I'm like I'm going to do a blog. He's like like all. This is just what we need. You know like the world is melting down around anything to do with Wall Street. And he's like now. I have to that your blog posts. I kind of pushed my way through that objection. He goes you know what no one's GonNa read it anyway fine. I'll let you do it so I start venting mindy and I'm not saying I don't think that what I wrote was very good but oh I do think it was extremely honest and I think that this is a period of time where people all over the country and all of the world actually are reading blogs. Thanks to get the truth. Because what they're hearing in the media doesn't sound right. The media is taking soundbites from the PR departments of major banks. But then there are people. Oh like Barry Ritholtz who are like not under now this is all bullshit. Here's what's really going on with housing. Here's what's really happening with subprime mortgages. This is the transmission mechanism by which weakness in this area leads to weakness in that area. And here's how the whole thing works. And from reading people like Barry. And Eddie Elfin Bein. Eve Smith and Bill McBride at at calculated risk in some of the great bloggers of that era. I said I think I have something something to contribute to this conversation from the perspective of someone who's dealing with retail investors so I started to write and again it wasn't great. I'm not proud of the pros or but I I told the truth and I said what I really saw going on. I was also of the age at that time. I was at thirty or thirty one or whatever I was but I had friends at Lehman Brothers at bear stearns at Goldman Sachs at DOJ. If you can remember that existed like I had friends at those firms who were involved in mortgage and real estate and Hedge Fund and so. I knew a lot of stuff that was happening. That wasn't being talked about so I started talking and I found an audience almost immediately and I always tell people if I didn't I probably would have stopped because blogging is daily. You can't really blog every two weeks and get new traction but fortunately people started waiting so I kept going so I wanNA unpack a couple of things you said of smiling as you were talking because my experience just in doing this. PODCAST has been exactly the same on a whim two years ago. I said you know everyone's asking us the same questions about what it means to be independent so let me go out and do the couple of episodes and tell them and all of a sudden I began to get an audience and just like you. It was one of those things where I realized that people were hungry for for sort of objective truth and if they went to talk to an independent broker dealer they'd be sold on how great that broker dealer was but there was no real place nice to get objective input about it and so I think there's a couple of comments to make about that one. It's extraordinary what you've built and I want to talk more about sort of your following following and what that you know daily blog rant as you call it morphed into but also to say that it's a good message for anybody listening listening that if you've got something smart in earnest and thoughtful to say and you're consistent about it and your objective and you're doing with Integrity Hegarty people will listen and it's a wonderful way to build a business mindy. You have a great niche. And I think you're probably the only person when the topic of recruiting routing and career moves within brokerage and financial advisory comes up. You're like the name that everyone associates with it. You've done an amazing job being in the press and you've built a great business so if I were on the outside watching you start a podcast. I would've said don't worry. This is totally going to work. But I get where you're saying like who who knows what's going to happen but I would've told you you're going to succeed as far as like my version of that. The truth is I was very lucky because when I started there weren't a million financial advisors trying to write blogs so one lesson in and I always like to ascribe the role of luck to these things but being early sometimes is more important. Having Great. I was not great. I was okay now. A lot of what I did to build a following was to go the opposite way that most people people would think like most people would say okay. I present myself as an authority and that will build my audience and I did the opposite. I said I don't really know about any of this stuff stuff. So here are five articles that meeting about it today and I set myself up as somebody who was on a journey of trying to get smarter rather than someone someone who. Here's how the whole world works. According to Josh Brown. And I think because I was very open and honest about the fact that I was trying to figure this stuff out alongside alongside the audience I think it was somewhat endearing to people and I think I didn't turn people off. Well I think that's right. I think it's just that they saw themselves in you. You were them. And that's what they were able to relate to true true. I WanNa make it clear for everyone so today you live to professional lives. Maybe more within that that I know of one. CEO OF AN IRA firm red holds wealth management and two is commentator blogger. Thought leader writer all of so..
"josh brown" Discussed on Defenders of Business Value
"The transfer value if you want actionable tips that will increase your business value stay tuned to the podcast starts now with your host Ed Mice Oh glad but when I think it's going to be is they really don't know oftentimes I mean there's a lot of people who think oh I'm GonNa go by X. Franchise because strategic focus by think there are a whole lot of people who could into franchise because of a lifestyle that they're chasing there's also I you to hold on to people who get in for legacy I mean you know they they've been working in a corporate job their whole career and they wanna leave something to their kids right I mean they Nest Egg that and are made been downsized but they they wanna go give it a run you know they've they've wanted to their whole life but life circumstances have have come in and really no I if if you if you ask them like you'll why they were getting into what they were thinking about you know you get a whole bunch of answers but you really doing this oh well I really just wanted to something with my kids right or Gosh I'm just tired of working for the man you know what I mean you hear that a lot and it's like I just want to have a better lifestyle balanced with the family and so forth and the reality is you can have to add it's just you got to be you have to know really what you're buying owners have to be president they have to be there have to be involved they may not have to be there you know eight hours day but they have to they have to be involved in terms of number of units and operation I will tell you this there are as a percentage there's always exceptions Ni- I know numerous exceptions but as a percentage I believe that there are very few franchise opportunities where owning just one is going to be satisfying I don't think owning just one is going to be the you're going to get the return that you could see with owning two three four five ten and so on it depends on the franchise system I mean like I said there are so many different opportunities but as if if you as a general proposition I think in franchise I think you need to be really paying attention to the unit economics before you buy in and that will help you determine how do you want to expand with that franchise yeah I'm with you I think a lot of the business ors we see you know they go in and and instead of one plus one equals three it's one plus one equals a half and they don't they just don't understand you get one working the way it's supposed to be run and then you add rather than let's go at and let's figure out how to how to make them work together and that's that's a lot of what we see when they're showing up Sanyo I don't Wanna eat cheese just get me out of the trap well it's interesting because you know as you know when he says you gotta be careful too because if people a lot of people go in with the idea that they want to be multi unit operators or developers in other words you know they want to either own a bunch or oversee other people owning a bunch but they have to do it under a schedule and usually it's in it's a schedule that's within the drag and so what happens is if everything doesn't go perfectly this whole strategy can go up in smoke because you can be in violation of your schedule all within your franchise contract but then what what happens is they let you say that you you aren't able to comply with the terms and conditions as of of the contract to put in fifteen units within within the state what what happens well this ties into being so important no the franchise or is what happens at that point is technically urine default of your contract okay so you're in default of your contract assuming it says that and most if not all oh Margaret say that if you're in default of your contract then it really comes down to what's the Franchisor we're going to do and that's where it's so important to pay attention to who are quote unquote getting into bed with right I mean who is the franchise or what other values what is what's their makeup because what you see sometimes is that franchise or really wants to work with the Franchisees and so they'll say hey look technically in violation here but we understand is because of these four different reasons what can we do to help out unless kind of keep this train going the other side of the equation is is that if they're not like that and for either one or a variety of reasons they decide they WANNA put the squeeze on a you can be in a world of hurt because most of these franchise agreements unless they're negotiated out have what's called a cross default provisions and across default provision says in most of the Franchisors have this agreement that if you're in violation bob any of the franchise agreements you're in violation of all of the franchise agreements and so therefore we can terminate all of 'em so let's say you've got they'd stores open on a fifteen unit deal okay and something's gone bad then you're relation let's say one But under the contract you might be in violation of all of them so it can be absolutely devastating to a franchise eager so when we look at the Franchisee that everybody wants to talk about Business oh you so in a franchise where where'd you see the value where's it create not necessarily whereas create wares at house is it is it in you're in the branding is it in the process is it in the location and and I know it's a loaded question because you're gonNA say yeah it's all that but I think that certainly some of the newer franchises it it may be branding but there has to be a core of where the value is and and I guess where where do you see it well I think it shifts I think what I mean by that is I think when you start and when you are a Newbie in the franchise the value is more heavily focused on the brand the process the location all of those things obviously the brand the location are things that are prevalent throughout the term of the franchise by what becomes more valuable l. and highly valuable in the franchise is what is it that the franchise or is providing two years into a ten year deal all because two years into a ten year deal as a Franchisee you're going to be thinking yourself okay I know how this works I can do is I've been doing this for two years I've been working sixty hours a week I've got this down why am I continuing to pay this royalty in tech and management V. and all of the above well France he's always ask themselves that question it's usually two three years in K. assuming that that all goes well and so what as a franchise or would I tell my clients is you guys have to be thinking about what is the ongoing value and this is where I say the shift comes in because now on an ongoing basis the system really isn't has it's certainly important to the business but it's not as important to the franchisees mindset because they're like okay I understand I understand how this works and so the on top of that when what you find in a lot of these franchises now is at the real ongoing value occurs with the systems or the software or the proprietary systems that are continuously being developed and evolved by the franchise order and that's something that to the average franchisee he is tangible enough that they can say oh wow I guess I really can't do this without them because they've got a whole rnd team that's focused on you know the next wave of technology that we're GONNA need for this franchise me that's a real important distinguishing characteristic of a good well run franchise versus you know a moment pop business that really isn't going to be able to compete with that franchise business on that front yeah I I agree. I think the process and being able to add value to the service or product that you're providing on an ongoing basis seems to be superior you're you're to say the brand but but but I think I do but what was interesting is is like take for subway for example the whole jared debacle though subway owners didn't do anything they were just they were to hit to to a name same sandwich same same everything and yet the values for though sandwich shops took a took a stansel hit and and and why do you think that that is what else Kosei I mean you know because again it's it's like that double edged swords like the horseshoe rider he right in on you better make sure a damn good horse for the for the long run and the and you just don't know that I mean really nobody saw jared thing coming and you could say the same thing about Papa John's right I mean Oh you have you have that until you have you have those are always inherent risks that obviously are more prevalent in the franchise space because of the branding component that out of your control right I mean you know you that is the at brand when you're talking about a brand at that level all there is a there's a huge hit that the company takes because they have become so well known within just the everyday world of every day Americans right I mean there's there's thousands of France has out there that nobody's ever heard of but there's not that many haven't heard of subway there's that many added heard of Papa John's and and so would you have to add you have a disproportional all negative impact when the brand leader does something that impacts brand but if ironically not well now and then something happens that you won't take as big of hit it just seemed so counter intuitive that you know that uh-huh Sandwich Joe subway sandwich shop on the corner he's talking about his revenue being him thirty forty percent down because of jared ends and it just as a as a forget even that I mean even thirty forty percent of your you're talking about in this space like with pizza or other places I mean a three to four percent hit can be the difference between profitability and being profitable at all right but that that that was what what I was getting at was that the you know the Franchisees are those that are that are in this space you know the inherent risk is and you alluded to it already is you know be sure of who you're getting into bed with and you know no one could have seen the demands that type of of value impairment based on something that they do well it really is but if you think about it it's it off the brand which has helped them grow at and help them really engage into a market more quickly than they could otherwise we'll part of the risk is in serving but we we get people that walk in our office and they're talking about their business and we start talking about value and and they have over believe it or not they have over inflated ideas of value and one of the interesting things that follows that is this business can be franchise is.
"josh brown" Discussed on Xtra Sports Radio 1300 AM
"Eight five five two one two four two two seven given that the NFL can't seem to figure out how to do this with any degree of consistency and let's be honest Josh brown tie re kill Ezekiel Elliott ray rice Greg hardy all issues of violence most against the woman but not all the same not all the same amount of evidence they are all the same it shouldn't just be cookie cutter right I mean most of us can agree with that and understand that there are differentiating circumstances and history you should matter and evidence should matter and due process should matter and whether or not there is a criminal justice charge should matter so it's complicated so what do you do when your not equipped to deal with something that in many ways the criminal justice system does a bad job with I don't have a clean answer here but I know that every one of these cases that I follow I get more and more confused by what the NFL is trying to accomplish with the stuff eight five five two one two four CBS eight five five two one two four two two seven should the NFL at a league level be in the business of suspending players for off field issues or should it be left to the teams to deal with as an employer employee issue eight five five two one two four CBS we hear from you I'm AT admittedly complicated issue next this is the daily parking show CBS sports radio.
"josh brown" Discussed on NewsRadio KFBK
"Dividing the pie. But socialism is for land is growing. I don't know what's going on here. But I'm getting double sound. Here's right Allio, the president of the United States. It has to come from the top. What I would do is recognize that this is a national emergency. It's bad. If you look at history, if you have a group of people who have very different economic conditions, and you have an economic downturn. You have conflict in the thirties. For example, you had four major countries that were democracies that chose not to be democracies because they wanted leaderships to bring water to the conflict. Yep. So. If you have different economic strata in your in your country, and there is a downturn. He's saying it is an emergency a national emergency. And Josh Brown. Who is a Wall Street guy. You see him a lot on CNBC. He reacted to this whole business about Ray dally. Oh, talking about the fact that you've got these different economic strata. And when it comes to capitalism vs socialism people are going, well, maybe socialism is better than capitalism. Josh Brown had to say about it's becoming more and more difficult. Under capitalism to progress up. The social hierarchy capitalism is not great at dividing the pipe, but socialism is horrendous growing the pie and probably if you had to air on one side versus the other for the benefit of society growing the pie, maybe a little bit more of a priority, the promises become the only thing and really if you're not an asset owner in today's society, and by the way, right global not US if you do not own assets real estate stops bonds, you'll just out of the game. 'cause absolutely no way an hourly wage can keep you in the game. And I'm not saying anyone did that on purpose. And I'm not saying it's a Trump phenomenon with Clinton or it's just the reality could Americans find themselves in, but it's not unique to America. And it does have to do with this idea that people who have become fabulously successful have also gotten really good. Pulling the ladder up and making it. So that future generations of their families will maintain that advantage and pushed the advantage. Even further we have a social mobility problem more than a government problem. All right. So that's a Wall Street guy, and he's going I love the way. He described a capitalism may not be very good at dividing the pie. But socialism is horrendous at growing the pie. And if you have to decide which one you're going to be growth benefits more people in a society than socialism, socialism will tear down society, but the the point being. That there are more and more people where you have a income inequality where it gets wider wider and wider. You've got more and more people that are looking at all these stories about wealthy people about rich people about stories of people going to Hawaii for vacation or going to Europe for the fall, or whatever whatever it might be. And they're going. I can't even barely put food on the table. Capitalism isn't working for me. I hear these people talking about socialism. Well, maybe that'll work for me. That is where this message of socialism is coming from. It's coming from people who did not get in on the gravy train of capitalism. And like Josh Brown said capitalism is not real good at dividing the pie. So either you get a bigger piece of the pie with if you do then you're all four capitalism. My gosh, I've been blessed. I'm all for capitalism. But if you are making thirty thousand dollars a year. Forty thousand dollars a year. You've got a family, and you're trying to keep your head above water and the median the average wage for middle class has been going down for years. You could actually make an argument going back to nineteen seventy seven. There's a there's a better argument going back to around two thousand. That the middle class income doesn't buy as much today as it did then. And so people are going, man. I don't know. I know we're we're supposed to be for capitalism. Capitalism's great. And I hear Sullivan talking about how great it is. Yeah. But. I'm not benefiting from it. How come I'm not getting any of these benefits of capitalism? Because not everybody gets a piece of a big piece of pie in a capitalistic society. So. I don't think they do what is socialist society? Either take a look around any of any socialist country. Take a look at China. Do you think the peasants out in the farmlands of China are living as comfortably as the proletariat in Beijing? Same thing for Russia. Do you think Ladimir Putin is living life the average ordinary Russian? So socialism doesn't divide the pie equally either. They think they do and they advertise that, but I think the reason a lot of young people particularly now are looking at socialism is because. When the downturn came in two thousand eight and you're a millennial. You're probably in college. If you're not in college, you're trying to get a job after college. You're not able to and you're not even able to get a job, and you're in what you got a degree in. You're not making anywhere near what you need to make an order to even pay your student loans. So they're not getting married. They're not buying homes. There are a drag on getting this economy going and they're looking around and going. So my dad keeps talking about socialism is bad and capitalism is good. But I don't see where capitalism is helping me. So I wanted to talk to you about this and get your your take on what Ray Dallaglio was talking about that it is a national emergency. And that we have to figure out some way of dividing the capitalist pie. To where more people do get by that. There will always be. Poor people. There will always be middle-class. There will always be rich people. But this talk about capitalism, not being a good thing is getting to be more and more common and on a big show like sixty minutes. There's a lot of people going. Yeah. Yeah. I don't know if it's all that good. Eight five five two nine five sixty six hundred what do you think of capitalism? We'll be right here..
"josh brown" Discussed on 850 WFTL
"He handle another face off win the Endel dry from Hoffman. Somehow, someway, got that one off he sipped at wide. But the fact he got shot the way it was impressive incomes calmer off the islanders who toward that. And that what is wide short side as he got back in behind the defence in the Panthers heavily back and clear. Wieger to tro Schick a little scramble for that puck right around the honors line. It's blown for offside to four left in the third. One one score and Billy hop in. That in a really small space there in the high slot. Able to get that shot away with the velocity it that's the design play. Again. They went back to Yandell the goes down the boards in Hoffman. Pops out the islanders defended Ovum's perfectly had a guy right in Hoffman's grill. But somehow use able to get that shot off and. Shows you the strength and ability that he has a lean on that stick his Brown town or puck goes around the end boards. Farside battle for that. Loose puck and down there in that far corner down to our left center around the inboards bison Z kiss and then quarterback there for the islanders. He launches one a head, and he can't clear second chance for the Panthers here. Shea had cuts in lost the handle in the near circle. Zanga the boards by Mayfield Buxton loose here on the near wall, then clutter back on the inboards boards down to our left. Thanks it off the far side gets passed. Matt Martin Josh Brown puts the center ice looking for sceviour. Can't quite get to him says ecus in for the islanders farside since long Matt Martin. They're put to the sharp angle.
"josh brown" Discussed on WFAN Sports Radio_FM
"Tough to judge from an excerpt what the whole book is really going to be. But obviously that part that appear in the New York Post wasn't. Not at all. I mean, some of it. We already knew to two page spread in a poster. Yeah. Sub sub. We already knew about geeder in handling the Marlins and kind of going Stanton, and basically telling them either you're going to the giants the cardinals or we're gonna screw you. You know, basically, you're gonna stay here forever. And we're gonna put no talent around you Giancarlo called on that block. We saw what happened. He ended up with the Yankees. So worked out pretty well for Sean Carlin worked out wealthy Yankees. But as far as Jeter, the owner is concerned, we have seen a lot of examples of great players all time greats go into either front office jobs or being an actual owner. And then being just terrible at it. Now. I don't know if Derek terrible at it. So far he's off to a bad start any question. He inherits this talented team show. They're losing money. Basically gets rid of all their Magic Johnson is not good either. That's another example. I don't think Michael Jeffrey Jordan is. That is true. So it's not easy and John Elway. It's been mixed because we did what a Super Bowl Super Bowl. Yes. So you could say, ultimately, he's great. But since then it's like he's trying to different coins. He's they just signed the who they all flacco. Right. The return on him or a little bit mixed and wasn't Dan Marino. President the dolphins for thirty minutes. And then he lasted he realized you can even look at a guy like Matt Millen that he he didn't do a great job in Detroit. Oh my God. Wasn't good. I feel terrible. 'cause millions are good. Do that is physical problems had health issues. And what I feel bad about is. It's the same with Jordan Magic in jeeter. You can't be graded everything. No, no. It should ruin somebody's legacy because they've not that bad. No. And in Milne's case, unfortunately, I hate to say this from my generation you hear the name Matt Millen until you think about it's not fair. Tremendous, play great linebacker Penn State play defensive line of Penn State. And then he was a great linebacker. You know with the raiders with the Redskins with with the Niners. He was a good player, and it's unfair that when you hear his name. That's all you think about a couple of football things though. Want wanna throw at you? Number one. Von tests perfect is signing with the Oakland Raiders. And it's weird to me. Not just the Burford Antonio Brown thing from a few years ago in the playoffs. I heard ATI say this this morning. And I thought last night this is well it both popped in our minds and g and I are the same generation. We don't remember the dirty raiders of the seventies. But why does it seem? Like, you can change the owner. Maybe not the blood of the own right, right? You can change the coaches you can. It's similar jets or even changing the uniforms issue. I can't wait for that. Now. I'm scared of it. I wanna know I am too. You can change all this stuff Vegas, and they still want to bring in the dirty controversial player here. Forever forever. That's my point. Like, it doesn't change and berthed who still only twenty and it's amazing to think he's still young. He's a former pro bowler. But he hasn't played any more because he's either suspended or us. He's always suspended that play the one playoff game. Marvin Lewis was about to win. J McCarron a quarterback against Pittsburgh cost them the game. And that I think that was the same game when he went after Antonio Brown and Brown, basically. Awesome. Well. More than especially basketball where there's only a handful of guys on a roster. You can be on offense on defense and never talked to the guy is fifty three guys today is definitely to talk to him. I mean think about this show there's less people working here. We don't talk to everybody at the radio because we don't see him. We don't talk about a lot of people. We do seem. Right. Art. Laughing by the way, the Brown briefing thing is kind of overrated. They may never see each other. Glance at each other and kind of smile or something, but they really never have to see each other that much and the other thing was a few other football thing. Trevor simian, do you want him to be the doesn't matter? Hey, I said this before whoever the jet backup is that guy's playing. The jets are in trouble. Let's be honest. So whether it's Trevor siemian, whether it's AJ McCarron Davis Webb it doesn't matter if that guy's playing. Yeah. You need Sam darnold playing a game for the Rangers career. Indeed, Eli absolutely. Here's the other thing. And this was from over the weekend. So I'm not a big fan of Ben Rothlisberger. I think around the spur gets away with way. He's kind of a jerk. He's definitely a diva I would use a term that I can't use on the air. But. Is that too and it right? So Josh Brown who used to be a running back with our Josh Harris, I should say jazz Harris should be running back for the Steelers on Twitter accused Rothlisberger of purposely fumbling a football to spite coach Todd Haley who was the offensive coordinator series. Accused him of it said he intentionally did it because Ben wanted to take a knee and Haley want to run a play and Ben was ticked off about it. And basically said they were up by two scores at the time and said, you know, what I'm going to spike. Are you going to fund? This wasn't Ken Kenny stabler for the raiders in his seventies. Fumbling the ball in the fumble Reuss get he tried to win the game. There wasn't it. Harris writes, twenty fourteen weeks seventeen we're playing the banks. Todd Haley called a run play with very little time left in the game. Then wanted to kneel he rolled his eyes in the huddle. He then purposely fumbles the ball, I had to recover it. And that was the moment. I kind of knew what type of person he was now, Bruce. Grad cow ski the former backup said that's not true. Now, I'm not saying it's true or not. But I gotta tell you. I actually trust running back on the field more than I do the backup quarterback who probably likes. Ben ends on the sidelines. I'm surprised benders sitting overrule Haley and just take it e. I mean, you know, I mean, you always see the stories about Jim McMahon with dick care. What he wants to would make sense to fumble. Because you're making Hanley look like an idiot. Yeah. No question. So I it's one of those things where it's a he said she said thing Ben's gonna deny it who had Haley ever says. Well, all I'm saying is I would trust a guy in the huddle who sees them. Roll his is. More than a guy. Who's on the side? I would agree with you. That's true. Wasn't there accusations that Gary Sheffield stuff like that? But then we had down and he didn't didn't even when he played for the brewers. I think right. Yeah. Intentionally misplayed balls in the in the infield. And we brought it up to a few years ago. He made errors what did he say to us? Didn't he denied or yet some reasoning or something, I don't know? Not a few things. A few things. I like Gary Sheffield a hell of a header Noel, tactically purposely fumbled the ball. And like you said the report that the giant brass Haskins out that that's worth. Well, here's what they should be doing. And they're doing it. They got to investigate everything guy like asking if the giants to take him. I think he's I think he's got a chance to be good quarterback that I agree with you. That's why you know, we had a caller earlier say, hey, you're the giants which of these quarterbacks would you run with? I think Haskins has the best career of any of the guys on the board admit Rosen. Yeah. Including maybe with the appeal of Rosen is that I'm not using a first round pick to get him. I'd have to for Haskins maybe more by the trade up and be I've got the easy out. If I don't like what I see in one year. You're not doing that. If you draft a quarterback in the first round, I know that unless you're the cardinals right mean, if they draft Haskins, I mean, I could see where it's going to be know this to Kansas City model. Where're you gonna play in and Askins is gonna be eased in? Yes, I could see that if Rosen's here, I think the model is and asked to play I would think so that's the way I think you're right. I quick Yankee update. And then we'll get back to your calls. This from Brian Hoke? Luis Severino me twenty-five throws at sixty feet this morning. He said his mechanics were off because it had been two weeks. But he felt no pain. They'll throw again tomorrow, then take a day off. So that's good. That's a step in the right direction for Luis Severino. The least he's. Making these throws from sixty feet, and he feels no pain. The key is going to be as he feel tomorrow can Heathrow tomorrow has feel the day after that. And then you take it step by step and the Yankees are certainly hoping they can see him back sooner than later. We'll come back with your calls. Bingo. Robert cinema day. Skydiving? This is a amazing. But you know, what else is amazing an icon sixty s for just forty nine bucks at metro really imagine streaming all the way down with that amazing camera..
"josh brown" Discussed on Biz Talk Radio
"Just looking to address it you found the right place biz talk radio. So we're talking about sequence of returns risk. Very important. I mean, the two main risks you've got to worry about in retirement planning, by the way, you gotta worry about this stuff. Doesn't matter when you're gonna retire because you need to have the education the knowledge we will make decisions long before you retire. And you'll see why in a moment. But it's long Javadi risk. And sequence of returns risk then Carlson wrote about this back in two thousand seventeen and again, January twenty second twenty nineteen Josh Brown wrote about it. Everybody seems to cover this at some point. If they're in the financial press or financial business at all. I think about it constantly because that's a guy that spent a good chunk of the forty plus year career in the industry working with retirees and pre retirees it was the one thing you have virtually no control over. When you're going to get the good returns. And when you're going to get the bad returns. Let me give you a Benz example. For instance, he says, let's assume a hypothetical investor would have saved five thousand a year every year from nineteen eighty seven to two thousand sixteen..
"josh brown" Discussed on KCRW
"With a question. Mark varies in. Believe that tweet was about Jeff Bezos. I I don't really it'd be never know. Yeah. Rich lowry. What's what's your schedule at all the tweets, including the one from the president, mocking CNN? Reporter Jim Costa's clueless self valorising report from the border where he showed up for about fifteen minutes and went to a place on the border where there is actually a fence and a wall and said, oh, there's no crisis here. I don't see any disorder Josh Brown. What's your Twitter, the waste? I liked the forest tweet spelled with a double ours and then the subsequent forest. Trump mean coming coming on the heels of that I thought that was very clever. Mrs Trump blaming California for its own forest. Fires. My tweet of the week is from Carla Marinucci of political California. She tweets that new governor Gavin Newsom says the California DMV will now accept credit cards in two thousand nineteen it's taken that long quote. You can't make it up. This is part of why state governments are more functional than the federal government. These days they have the space to do these small sensible things that make people's lives a little less annoying instead of just being annoy. I've been talking with Liz brunette of the Washington Post and rich Lowry of national review, I want to thank Josh Brown of ritholtz wealth management for joining us. We will be back with Evelyn Farkas to talk about serious realistic left, right and center. Join the conversation on our Facebook page or tweet us at L R C KCRW stream, all episodes of left, right and center and other great shows at KCRW dot com slash podcast. KCRW sponsors include focus.
"josh brown" Discussed on Left, Right & Center
"So I really think he should be focused more on wage growth than what the stock market is doing the only caveat to that though is loses the stock market, politically he's dead, and he's been around a long time. And he knows that Nixon wasn't. Really in trouble until the the bear market nine hundred seventy three into nineteen seventy four the S and P five hundred dropped fifty percent. And it wasn't until that happened that the adult the quote unquote adults in the room in the Republican party cruising down the midterms and a mess of recession had to come in and say, okay, you're done. So I do think that he's got that survival instinct, and I think having the stock market at least be buoyant, maybe not breaking records. I think he knows that. That's a key part of why anyone is putting up with any of this. I think there's another element to this though. Which is that you know, he thinks the job of the attorney general is to protect him personally against as legal issues. He thinks the job of the Federal Reserve chairman is to ensure that the stock market does. Well, I think he understands that has China policy is not good for stocks in the long run. But he thinks that the fed chairman should be or the fed board should be there offsetting that pursuing an easy policy whether or not as economically appropriate at the time because it's Donald Trump's interest, and he's pissed that that's. Not happening. Now, it's time for tweet of the week. Sometimes it only takes one hundred forty characters or two hundred and eighty two still the spirit of the week. Liz brunette, what's your tweet of the week. From the drudge report nude pics with a question, Mark. It's it varies in. I believe that tweet was about Jeff Bezos. I don't really it'd be neat for. Yeah. Never know. Rich lowery. What's what's your enjoyed all the tweets, including the one from the president, mocking CNN? Reporter Jim Costa's clueless self valorising report from the border where he showed up for about fifteen minutes and went to a place on the border where there is actually a fence and a wall and said, there's no crisis. I don't see any disorder Josh Brown. What's your Twitter the week? I liked the forest tweet spelled with a double ours and then the subsequent forest. Trump mean coming coming on the heels of that I thought that was very clever. Visit Trump blaming California for its own forest. Fires. My tweet of the week is from Carla Marinucci of politico, California. She tweets that new governor Gavin Newsom says the California DNV will now accept credit cards in two thousand nineteen it's taken that long quote. You can't make it up. This is part of why state governments are more functional than the federal government. These days they have the space to do these small sensible things that make people's lives a little less annoying instead of just being annoy I've been talking with. Liz brunette of the Washington Post and rich Lowry of national review. I want to thank Josh Brown of ritholtz wealth management for joining us. We will be back with Evelyn Farkas to talk about Syria. You're listening to left right and center. Join the conversation on our Facebook page or tweet us at L RC KCRW stream, all episodes of left, right and center and other great shows at KCRW dot com slash podcasts..
Kareem Hunt apologizes, says NFL never interviewed him about assault
"You know, it's been a tough time for man. I'm extremely embarrassed. Because of that video I last Michael junior here on ESPN radio and the ESPN app, the videos disgusting, like we I hope we it's being spoon fed to us. This is disgusting. And this is the unfortunate part is it always seems like we need a video to believe these kind of acts are possible in these situations that the burden of proof always seems to be that high. So there's that which we can help with all of this begins and ends with Kareem hunt did an awful thing. And then we are led to believe in the chiefs came out and said Kareem was not truthful to us about the nature of these events back when they interviewed him after this incident. And so the chiefs said this video constitutes new information to us were making this decision. He wasn't truthful with us we can't condone this. He's gone. And a lot of people said that feels reactionary now I wanna play to bits of sound for you from Sunday NFL countdown yesterday. This is Louis Riddick are ESPN NFL front office insider talking about why he believes just including the lies that Kareem hunt was released by the Kansas City Chiefs in that interview, rather it just doesn't come off. Right. It doesn't come off as cream really grasping. Exactly. What is going on here? And how explosive this situation isn't how important the situation is. And he really let the kids see cheese. No choice. I don't believe that. She's just cut because there was no video. I believe it was because they really just didn't know exactly what had happened. And he they asked him what happened. And they and he's still did not know rather didn't come forth. This becomes the confusing part here is because the chiefs interviewed him within the NFL takes over this investigation. And it's league protocol where if the league starts an investigation the team will stop investigating and let the league take over. And I assume that just in a general sense seems to be trying to avoid a conflict of interest that makes sense in my mind, but the question. And then can be asked if the league didn't interview him and the chiefs couldn't get a hold of this video a lot of people are going to ask the question. I don't think it's unfair to ask if the NFL or the chiefs didn't know how much did they really want to because it seems like now this came up, and it's it's very reactionary doesn't seem like a lot of this process was proactive, and I was talking to our ESPN senior writer me at times yesterday. And the point got brought up that this in part could be due to the way things went for the NFL when they dealt with the Ezekiel Elliott case in the suspension surrounding that. And how so many people thought they were overstepping their bounds with Ezekiel Elliott based on the amount of evidence. They had their disposal. And so if you're the NFL you've got that swing of the pendulum after it was the complete other way with Ray rice and with Greg hardy and with Josh Brown. And with all these players were people in think you didn't nearly enough. And so that's the other part of the Sam ponders the host of Sunday. NFL countdown spoke about the message this sense from the NFL going forward message. Hopefully that we're going to start sending two women and two men who care in this country is that it doesn't matter. If you love the NFL in rushing last year, it doesn't matter if you're on all our billboards, or whenever you put your hands on a woman, we're done, and I hope the NFL can make that a little more clear the investigation process than they did this time I last year on ESPN radio and the ESPN app, and I thought Sam did a good job of resetting that conversation coming off of Koreans interview. Because there is a lot of we sit around, and we judge the interview, and we judge the suspension links, and we judge all these things I always wonder how productive they are. Because again, it's easy for us all to get up here. And obviously talk about how disgusting this is to see it on tape and how wrong it is. We all know that. We're not dumb. But then we get Jasper Lucas tweets is in cream hunted that interview because he's trying to line up another opportunity with another team. He's still lying. He hasn't shown remorse, and if I'm an NFL GM, I wanna see him out of football for at least a year during which he's doing domestic violence related community service, etc. That's the other thing is I don't think any of us know how to handle this. And we don't listen to enough of the right people in this because I sat and I thought man what's the length of the suspension going to be like for Reuben foster cream haunted. How far will that go for the league? And again, you can address PR in that way. But when you're trying to address the heart of the issue the way so many people in the NFL claim to want to do what do you do outside of just signaling to fans because this is a guy Kareem hunt is going to be back on an NFL football field. So in the meantime, what do you do to make sure that he comes back better? What do you actually do? That's becomes the part. That's infinitely more important. Here's how do we protect the victims in this? And how do we make sure that if these guys are going to because of their football town, we know end up back on the field. How do we? Ensuring if you're the NFL, how do you go and actually live up to some of the things that you're talking about as far as player development and ensure that these guys if they're going to be back come back better and not just come back punished in a way that's going to satiate the mob outside of your door. It's a it's an extremely complicated issue one that won't have any resolution now, but one that will certainly get into more later coming up on golden window as well. We'll switch gears completely getting back to the world of sports and get to the one staff that caught me completely off guard this morning, that's next. It's first and last here on ESPN radio the