Nasdaq Euphoria is Hitting its Limit with Kai Wu and Ben Carlson
5/15/20261 hr 19 min
On episode 242 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Ben Carlson and Kai Wu to discuss: Nvidia, Anthropic, software disruption, intangible assets, faster market cycles, and Ben’s new book Risk and Reward and much more! This episode is sponsored by: Betterment Advisor Solutions and ClearBridge To learn more, visit https://www.betterment.com/advisors Rising geopolitical tensions, continued market uncertainty, stocks backed by can offer more predictable cash flows as volatility increases. To learn more, go to https://www.clearbridge.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
Transcript preview
First 90 secondsJosh Brown· Host0:00
All right Josh, didn't you read your own audiobook? Let's make an amazing show. Yeah, of course. Could you imagine somebody else reading my book?
Ben Carlson· Guest0:05
Didn't your brain feel like mush after doing that, though?
Josh Brown· Host0:07
Oh, I did it, I did it, it took me six weeks.
Ben Carlson· Guest0:10
Six weeks?
Josh Brown· Host0:11
Yeah, 'cause- See, I did it in two days ... 'cause I, I, uh- Can y'all switch headphones?
Ben Carlson· Guest0:16
Oh, sure.
Josh Brown· Host0:16
[laughs] I don't know if you heard any of my audiobook, but I really- Yeah, wire on the top ... I performed that [beep] thing like Mick Jagger. [laughs] Like, I was like, I'm, like, yelling into the microphone. Takes a, like, it's a performance. It takes a lot out of you.
Ben Carlson· Guest0:30
Yes, it d- yeah Because- I was dead afterwards ...
Josh Brown· Host0:32
mine is so autobiographical, it could never be read by somebody else. It would sound ridiculous. [laughs] You know what I mean?
Ben Carlson· Guest0:38
I actually enjoyed the process, but it was a lot.
Josh Brown· Host0:40
I hated it. [laughs] I, I liked how it came out.
Ben Carlson· Guest0:43
After it was done. After it was done.
Josh Brown· Host0:44
I liked how it came out. Yeah, I enjoyed it after it was done. I li- I'm happy with the product, but I, I don't know if I wanna do it again. [audience applauding] You working on your next book yet, or...?
Ben Carlson· Guest0:54
I need a break- Kai, no books for you? ... for myself.
Kai Wu· Guest0:57
Not yet, but I kinda wanna do one now.
Ben Carlson· Guest0:59
Well, all your white papers, put them all together, that's a book.
Kai Wu· Guest1:02
There we go.
Michael Batnick· Host1:03
Have you spoken to him or not, supposed to have him reach out to you?
Kai Wu· Guest1:05
I should talk to him.
Michael Batnick· Host1:05
He must have.
Kai Wu· Guest1:06
Yeah, yeah.
Josh Brown· Host1:07
Why do you want to, why... Devil's advocate, why do you wanna do a book?
Kai Wu· Guest1:10
Because all the cool kids have one.
Josh Brown· Host1:12
[laughs] [laughs] Okay. Do you think people read books?
Kai Wu· Guest1:15
No, but it's a, it's a cool thing to have done.
Michael Batnick· Host1:19
He just, he, his book got published yesterday. Why are you talking shit?
Josh Brown· Host1:22
No, I'm not, I've written four books. I'm not talking shit. I, I'm, dude, I'm reading his book right now. I- Do you think people read books? I don't think people read books anymore.