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Investing Beliefs We Changed Our Minds On · Earn Your Leisure

• 0:01
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• 0:39
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  Speaker 2: What's the belief you've changed your mind on.
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  Speaker 3: That we shouldn't look more at stocks to the sub
• 0:53
  Speaker 3: twenty five bucks because given us interest rate and this
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  Speaker 3: is only for the Trump administration, they're gonna give you
• 1:00
  Speaker 3: a scenario with interest rates and because now it's crazy
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  Speaker 3: like even if you take saying Disk and Micron right,
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  Speaker 3: the big companies have found a way to get meme
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  Speaker 3: like games out of the market, so the meme stocks
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  Speaker 3: don't even matter. So with that being said, I used
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  Speaker 3: to have a notion that I wouldn't look at a
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  Speaker 3: stock below a certain price threshold.
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  Speaker 4: That still applies if it's under ten bucks.
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  Speaker 3: But some sub twenty five dollars stock we should look
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  Speaker 3: at because they can probably give us a four or
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  Speaker 3: five hundred percent return. I would look at them as
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  Speaker 3: a swing trade, not a five to ten year old.
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  Speaker 4: But the notion of sub twenty.
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  Speaker 3: Five dollars stocks being of no value is something that
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  Speaker 3: I've changed my mind on for when Trump is in office.
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  Speaker 1: All Right, I'm gonna go be I'm gonna be very
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  Speaker 1: specific with this one. Okay, Yeah, So this is a
• 1:54
  Speaker 1: belief that I changed my mind on. If you've been
• 1:57
  Speaker 1: a market Monday's Day one, put some fires in the chat.
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  Speaker 4: Please, No, you're not going to do this, No you're not.
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  Speaker 1: I'm coming yeah, yeah, stepping to the front of the conversation, listen.
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  Speaker 4: For years, don't do this.
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  Speaker 1: I mean we got to do it for years when
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  Speaker 1: we talked about this streaming situation, maybe a few years,
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  Speaker 1: not that many, but I said there was a company
• 2:24
  Speaker 1: that could potentially challenge the number one spot of Netflix.
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  Speaker 1: That company was Disney. I no longer believe Disney. Yeah, no, Disney,
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  Speaker 1: and not all of Disney.
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  Speaker 4: Right.
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  Speaker 1: The parks have rebounded, licensing has rebounded, your license on fire.
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  Speaker 1: The streaming has not worked out the way that we
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  Speaker 1: thought it would. The ESP and fiasco didn't work out
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  Speaker 1: the way that we thought it would. I looked at
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  Speaker 1: a chart. I was watching this clip on on Instagram,
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  Speaker 1: and it put out the thirty year history of the
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  Speaker 1: S and P and the thirty year history of Disney,
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  Speaker 1: and there was no metric thirty year, twenty year, fifteen,
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  Speaker 1: ten years that Disney has.
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  Speaker 4: Outperformed the S and P. That's insane, bro.
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  Speaker 1: So it breaks the question should Disney have gone into
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  Speaker 1: streaming or should it have just stuck with license in there,
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  Speaker 1: ip out to streamers and just taking that revenue and
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  Speaker 1: perhaps expanded in other areas.
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  Speaker 4: It's a good question.
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  Speaker 1: I understand why they went into it because of the
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  Speaker 1: content that they had and seeing that ask where it
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  Speaker 1: was headed. But I don't think that it will be
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  Speaker 1: the number two it is now in terms of subscribership,
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  Speaker 1: but that hasn't grown over the past couple of quarters.
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  Speaker 1: So I've changed my mind on thinking that it could
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  Speaker 1: potentially be number one. I no longer think that I
• 4:00
  Speaker 1: think it'll it'll settle in here and they'll they'll try
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  Speaker 1: to figure out who the next CEO is going to be.
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  Speaker 1: I took it out the portfolio maybe two years ago,
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  Speaker 1: but the idea of it becoming number one in this near.
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  Speaker 4: Future, I don't see it.
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  Speaker 1: So I've changed my mind on.
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  Speaker 4: That, not literally, but not not literally. Yeah, yeah, what
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  Speaker 4: about you.
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  Speaker 2: I think it's a it's a situation of not necessarily.
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  Speaker 4: Like changed my mind.
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  Speaker 2: But you know, a lot of times, especially when you
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  Speaker 2: when you first teach people about stocks, a common thing
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  Speaker 2: is to say, invest in companies that you know in use.
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  Speaker 2: It's even Warren Buffet's strategy, and obviously you know he's
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  Speaker 2: a legend, but it's not always necessarily the best way
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  Speaker 2: to go about it because one of the common things
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  Speaker 2: is Nike, and that hasn't worked out. So I I
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  Speaker 2: think instead of saying I think you can still keep
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  Speaker 2: it simple for people, but instead of saying, invest in
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  Speaker 2: the companies that you use every day, I think, invest
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  Speaker 2: in the companies that you think the world needs. So
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  Speaker 2: that's different because I could wear Nikes every single day,
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  Speaker 2: but the world doesn't need Nike. If Nike disappeared today,
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  Speaker 2: that means more people just gonna buy Adidas or rebod
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  Speaker 2: It's not like they haven't that they're not providing a
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  Speaker 2: service that could potentially collapse the financial system, or could
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  Speaker 2: potentially collapse the agricultural system, or could potentially collapse the
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  Speaker 2: political system, or could potentially could potentially collapse the environmental system.
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  Speaker 2: They're not They're not right. And that's why I love
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  Speaker 2: QQQ invest with Invesco because all of those tech companies,
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  Speaker 2: it's not just investing in tech for the sake of it,
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  Speaker 2: Like the vast majority of those companies are providing services
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  Speaker 2: that if they want a way today the world, the
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  Speaker 2: world would would be in.
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  Speaker 4: A very different point.
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  Speaker 2: Like we talked about Apple a lot, but if we
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  Speaker 2: take every Apple product away from today, it's gonna it's
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  Speaker 2: gonna have a major impact on the world. Of course,
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  Speaker 2: the chips, when you talk about n Video and TSM
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  Speaker 2: and you know, Eli Lilly, when you talk about the
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  Speaker 2: healthcare industry, and that's the biggest, you know, industry in
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  Speaker 2: the world as far as America. We spend more money
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  Speaker 2: on healthcare than any other industry. So I think looking
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  Speaker 2: at it from that standpoint, it's easier to kind of
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  Speaker 2: relay to talk to anybody, but especially people that have
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  Speaker 2: never invested before. It may not be as simple as
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  Speaker 2: just telling somebody, you know, if you brush your teeth
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  Speaker 2: for coogate, look, you know by colder Like. It's not
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  Speaker 2: as simple as that, but it's still relatively easy to understand.
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  Speaker 2: But I think that that's that's a little misleading when
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  Speaker 2: you say invest in companies that you that you know
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  Speaker 2: and you love, because you could love a bad company
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  Speaker 2: for sure.
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  Speaker 4: Yeah, just like you can be in love with a
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  Speaker 4: bad person and I'll let it go. You gotta let
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  Speaker 4: this s you go. Yeah. Target another example, Tim Cookboard
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  Speaker 4: a millionsharees exactly. You gotta Target every day. Yeah, even
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  Speaker 4: though y'all shouldn't. Some of y'all.
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  Speaker 5: Don't let you want. Brian Palatin Peloton Poton Peloton. We're
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  Speaker 5: not even gonna bring up the Peloton Peloton. He was
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  Speaker 5: just gonna let that go. We're gonna continue to use
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  Speaker 5: the device Peloton, Yo, Tim Cookboard a millionshare is a
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  Speaker 5: Nike man.
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  Speaker 4: But here on the board, I know, Mar Yeah.
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  Speaker 1: Yeah, I'm with you on that. I think that the
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  Speaker 1: idea of doing the things you like investing the things
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  Speaker 1: you like is the idea of somebody who has never
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  Speaker 1: heard of stocks? What are the things and in cinema companies,
• 7:49
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• 7:52
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• 7:55
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• 8:02
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• 8:06
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