Are We in a Bear Market?
3/20/20261 hr 27 min
On episode 234 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Jim Lebenthal to discuss: stock market volatility, who's winning the AI race, risks and opportunities in private credit, Jim's favorite stocks, and much more! This episode is sponsored by Betterment Advisor Solutions and Janus Henderson Investors. Learn more at: https://betterment.com/advisors Learn more at https://www.janushenderson.com/ Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Showing 10 of 11Transcript preview
First 90 secondsJosh Brown· Host0:00
Gallagher's is gonna slap tonight.
Speaker 2· Host0:02
[laughs] You know, I went to a steakhouse last night, but I didn't eat steak.
Josh Brown· Host0:06
What's wrong with you?
Speaker 2· Host0:07
I went to Hendricks and I got not steak.
Josh Brown· Host0:09
It's not really a steakhouse.
Speaker 2· Host0:10
Well- Did you get...
Michael Batnick· Host0:10
I mean, did you get lamb chops- What did I eat? ... or did you get, like, swordfish? There's a big difference.
Josh Brown· Host0:14
You would like, you would like Hendricks.
Speaker 2· Host0:16
It's, it's fantastic.
Josh Brown· Host0:16
Hendricks used to be called the George Washington Tavern, and legend has it, it's where he stayed before crossing or just... The Battle of Brooklyn- Yeah ... actually took place on Long Island.
Speaker 2· Host0:29
Mm-hmm.
Josh Brown· Host0:29
They didn't have a- This guy, am I right? No, no. They didn't have a name for Long Island yet.
Speaker 2· Host0:33
Oh.
Josh Brown· Host0:33
It was basically Bro- it was just like, oh Bro- that's Brooklyn. And George Washington stayed at this tavern. It's a historic landmark and there's a restaurant group called the Poll Brothers on Long Island. They own the best restaurants.
Speaker 2· Host0:45
All the best. The best, right.
Josh Brown· Host0:46
And they took this place over. It used to be these blue-haired old women, that's who ate at the George Washington Tavern.
Michael Batnick· Host0:50
I mean, I'm feeling a little dated here. Like you think I'm- Yeah ... from the Revolutionary War or something.
Josh Brown· Host0:54
No, no, no. [laughs] No, no, no. I'm just saying, I'm just saying it's kind of a cool place because- Like I didn't actually know George Washington.
Speaker 2· Host0:58
Did you trade with Washington back in the day on the floor?
Josh Brown· Host1:00
Yeah, dude.
Speaker 2· Host1:01
You guys started together?
Josh Brown· Host1:01
Did, did [laughs] did the Labinthal family raise municipal bond money during the Revolutionary War?
Michael Batnick· Host1:07
No.
Speaker 2· Host1:07
Oh, we shared a ville- we shared a village house. That's what it was. [applause] Y'all know what it is.
Michael Batnick· Host1:11
Whatever. It's cool.
Josh Brown· Host1:11
Okay. You know what's good at, uh... You know what's good at Hendricks? The, uh, the bone marrow.
Speaker 2· Host1:16
Yeah.
Josh Brown· Host1:16
As an appetizer.
Speaker 2· Host1:17
We got the hot dogs. I never had those before.
Josh Brown· Host1:19
Yeah.
Speaker 2· Host1:19
Unreal.
Michael Batnick· Host1:19
Eh.
Josh Brown· Host1:21
Not my thing.
Speaker 2· Host1:21
So, uh, the book is called How to Ride the Subway.
Michael Batnick· Host1:25
Yeah.
Speaker 2· Host1:26
Famously, this guy- You still- ... will not ride the subway ...