Latest / Earn Your Leisure / Cliff Notes: RECESSION PROOF & INFLATION PROOF COMPANIES
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- 0:57Speaker 1: all you need.
- 0:58Speaker 2: What is one sect all of us are looking to
- 1:02Speaker 2: invest in over the next year that is essentially inflation
- 1:06Speaker 2: proof and recession proof For.
- 1:08Speaker 3: Me, absolutely without a shadow of a doubt, healthcare and
- 1:12Speaker 3: leading player in that space.
- 1:15Speaker 4: Eli Lilly, I'm from Indiana.
- 1:18Speaker 3: I have a ton of friends that work in Indianapolis,
- 1:21Speaker 3: work at Lily, but anyone who is familiar, they are
- 1:24Speaker 3: my leading player in that space. So if we look
- 1:26Speaker 3: at the growth, even because there was a lot of
- 1:28Speaker 3: companies that did well post COVID in a healthcare space
- 1:34Speaker 3: but not mainly have done as well as Eli Lilly.
- 1:37Speaker 3: If we go back to twenty fourteen, the stock was
- 1:40Speaker 3: at fifty dollars and seventy eight cent. It's at three
- 1:42Speaker 3: hundred and seventeen dollars now and twenty seven cent. And
- 1:46Speaker 3: they've continuously had stable growth, stable gains and technically they've
- 1:52Speaker 3: had maybe one bad month since twoy and eleven. One
- 1:59Speaker 3: bad month, and it's it's Eli Lily is one of
- 2:01Speaker 3: those companies, like Tim Duncan, is underappreciated because it's not
- 2:05Speaker 3: the flashes. It's like, well, I don't have a cure
- 2:07Speaker 3: for corona in two days, and if you drink this
- 2:10Speaker 3: tea with this Elderberry syrup, right, They've consistently throughout shout
- 2:15Speaker 3: out to everybody who likes Elderberry. It helped me when
- 2:18Speaker 3: I had COVID. Thank you so far. But when I
- 2:22Speaker 3: am looking at healthcare companies that have consistent growth and
- 2:26Speaker 3: a stock that I never lose sleepover Eli.
- 2:29Speaker 4: Lily is the lead player that I would draft that
- 2:33Speaker 4: is inflation and recession proof.
- 2:35Speaker 2: Ah.
- 2:35Speaker 5: Man, you know what I wrote too, because I figured
- 2:38Speaker 5: you'd probably say healthcare, But I had healthcare.
- 2:41Speaker 4: And the number one reason I.
- 2:42Speaker 5: Wrote it was because people always going to get sick,
- 2:44Speaker 5: Like that's something that it doesn't matter recession and not.
- 2:46Speaker 5: People always going to get sick, people always going to
- 2:48Speaker 5: need treatment, people always going to need medicine that will
- 2:51Speaker 5: it doesn't matter what the financial climate is. And so
- 2:55Speaker 5: you have Lily on, of course, I know you would,
- 2:58Speaker 5: but I wrote down a few others. I had CVS
- 3:00Speaker 5: on there, just just the strong companies Johnson and Johnson
- 3:02Speaker 5: obviously five hours and so what they did and like
- 3:05Speaker 5: one of these slept on companies that nobody really thinks about, Walgreens, right,
- 3:08Speaker 5: Like people are always gonna need treatment, They're gonna need
- 3:11Speaker 5: their medicine, They're gonna need to get it from somewhere.
- 3:13Speaker 4: These are just solid companies.
- 3:14Speaker 5: So I had healthcare, but also had agriculture in there
- 3:17Speaker 5: as well, right, And I spoke about it kind of
- 3:19Speaker 5: on when we are at the breakfast club, like what
- 3:22Speaker 5: is these one of these recession proof areas and I'm like, well,
- 3:24Speaker 5: are we always gonna need food?
- 3:26Speaker 4: Yeah? And then based on the conversation, one of the
- 3:27Speaker 4: you know, the conversation.
- 3:28Speaker 5: We had as made even more evident, like I'm glad
- 3:31Speaker 5: this came up, and I'm like, wait, we're always gonna
- 3:33Speaker 5: need food, right, we should be looking at the commodities
- 3:37Speaker 5: or looking at companies.
- 3:39Speaker 4: And I spoke about it.
- 3:40Speaker 5: I talked about Kellogg's, I talked about Campbell, like these
- 3:43Speaker 5: are just steady companies that are consistent no matter the
- 3:46Speaker 5: economic climate, because we're always going to need food. So agriculture, healthcare.
- 3:52Speaker 5: I knew he was gonna say healthcare, so that's why
- 3:53Speaker 5: I came up with another one. But sometimes the right
- 3:56Speaker 5: answer is the one that we unanimously agree upon. So
- 4:00Speaker 5: for everyone listening, we both agreed on healthcare. Please write
- 4:04Speaker 5: that down.
- 4:04Speaker 3: If you're looking for something outside of tech that probably
- 4:08Speaker 3: I won't say it should be the second industry or
- 4:10Speaker 3: sector that you're looking to invest in for sure.
- 4:13Speaker 4: Right.
- 4:14Speaker 2: So yeah, I'll actually go a different direction with this conversation,
- 4:19Speaker 2: and I'm gonna give him some insight to that conversation
- 4:21Speaker 2: that we.
- 4:21Speaker 6: Had on Saturday.
- 4:23Speaker 2: On Sunday, hit you I'm gonna hit you out with
- 4:27Speaker 2: something that what Jay said, I'm hit you out with
- 4:29Speaker 2: some something that could change your life up. Very insightful
- 4:34Speaker 2: insight that was given to us about seller's market and
- 4:38Speaker 2: bias market. There's only there's there's two types of markets
- 4:42Speaker 2: in this world, sellers market in the bias market and
- 4:44Speaker 2: the gentleman Kaisa. So say, we'll call him who who
- 4:48Speaker 2: is giving us this this this talk? And you know,
- 4:51Speaker 2: I was talking to him and I'm like, all right,
- 4:53Speaker 2: you know, He's like, I only want to be in
- 4:56Speaker 2: in seller's market. I don't want to be in a
- 4:58Speaker 2: bias market.
- 4:59Speaker 4: What do you what do you me?
- 5:00Speaker 2: Like, all, let me explain it to you in the
- 5:02Speaker 2: way that you can probably understand. He's like, when you
- 5:03Speaker 2: go to a gas station, have you ever seen anybody
- 5:06Speaker 2: negotiate the prices of gas at the gas station? I
- 5:10Speaker 2: know I've never seen it before. Right, whatever it is,
- 5:12Speaker 2: you just pay it. He's like, like, where we live in,
- 5:15Speaker 2: the light company is called Connetison. Like Connetisin they give
- 5:20Speaker 2: you your light bill and you pay it, and if
- 5:23Speaker 2: you don't pay it, then they cut your lights off. Yes,
- 5:25Speaker 2: gas certain things that's just not negotiable and even once
- 5:29Speaker 2: so far they say, you know, even luxury items has
- 5:31Speaker 2: become a seller's market, where like Louis Vaton, you haven't
- 5:35Speaker 2: seen a sell rolex. You're not negotiating prices of a rolex.
- 5:40Speaker 2: You just buy it if you can buy. If you're
- 5:42Speaker 2: either you need an invitation to buy, yeah, if you're
- 5:44Speaker 2: even lucky enough to even get one. In reverse, the
- 5:49Speaker 2: seller the seller's market. The buyer's market is like a
- 5:53Speaker 2: flea market. So like you go to a flea market,
- 5:55Speaker 2: somebody has a painting for one hundred dollars, you say,
- 5:57Speaker 2: I got fifty dollars for you. You settle on on
- 6:00Speaker 2: seventy five or people, you know, you're always doing discounts
- 6:03Speaker 2: and different things of that nature, and fifty percent off sales,
- 6:05Speaker 2: stuff like that. That's more of a buyer's market because
- 6:08Speaker 2: now the buyer is in control. And he was saying
- 6:11Speaker 2: that that's not really sustainable and it's not something that
- 6:15Speaker 2: you want to be in as a business owner. So
- 6:17Speaker 2: we had a whole half an hour conversation about that,
- 6:20Speaker 2: and he was saying that, you know, he didn't he
- 6:22Speaker 2: doesn't really he's not even really a big fan of.
- 6:23Speaker 6: The stock market.
- 6:25Speaker 2: But he did say two stocks and specifically that he
- 6:28Speaker 2: thought were sell it with buyers with sellers market, he said,
- 6:33Speaker 2: selling market.
- 6:34Speaker 4: And which one where they were shot?
- 6:37Speaker 6: Please enlighten us. We may have heard of Apple, yes,
- 6:43Speaker 6: and Microsoft.
- 6:44Speaker 3: Mike right there, like put Microsoft right here? Put then yes,
- 6:50Speaker 3: please do.
- 6:51Speaker 2: So he explained. He explained why he thought that Apple
- 6:54Speaker 2: and Microsoft fit in that category, and he was like,
- 6:58Speaker 2: you know, Apple has become such a such a necessity
- 7:01Speaker 2: of life. He kind of compared it to He was like, no,
- 7:04Speaker 2: you have to like food is a necessity, transportation on
- 7:08Speaker 2: certain levels of necessity. Light is a necessity. He's like,
- 7:12Speaker 2: your cell phone has become a necessity. Yes, like it's
- 7:15Speaker 2: the most affordable, it's not negotiable. And especially when they
- 7:20Speaker 2: have when you add in all their verticals, they are
- 7:23Speaker 2: in a seller's market and they can constantly increase their prices.
- 7:28Speaker 2: They can do whatever they want, and they really have
- 7:31Speaker 2: no other alternative in mass to erase them. And then
- 7:37Speaker 2: he and then he starts talking about Microsoft as well,
- 7:39Speaker 2: or all of their different verticals, and he was saying
- 7:42Speaker 2: that they are in a seller's market.
- 7:45Speaker 4: Right now, what do I know but everything?
- 7:50Speaker 6: So I just thought that that was interesting.
- 7:53Speaker 2: So I say that to say, of course Apple and Microsoft,
- 7:56Speaker 2: but any anything that is a seller's market is where
- 8:02Speaker 2: you want to be and where you want to be
- 8:04Speaker 2: invested in, and where it's non negotiable when you have
- 8:08Speaker 2: to do it, where the price is only going to
- 8:11Speaker 2: go up over the course of time, and it's just
- 8:14Speaker 2: that's just what it is.
- 8:16Speaker 3: I imagine if there was a software company that predicted
- 8:20Speaker 3: what the market was going to go, gave you the
- 8:22Speaker 3: prices for four hedge funds did and they were more
- 8:25Speaker 3: accurate than Goldman Citadel Earners.
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- 10:18Speaker 7: An illegal alien from Guatemala charged with raping a child
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- 11:19Speaker 3: Credit sweets right, what would that be worth? That is
- 11:22Speaker 3: the red pan of stock club. You can join this
- 11:24Speaker 3: for shock.
- 11:24Speaker 4: Put the Lincoln Byo sellers market right, because if you frame.
- 11:28Speaker 3: It more accurate than Kathy up there with no regrets
- 11:33Speaker 3: like some of the greats of all time. I mean,
- 11:36Speaker 3: I know four months ago, six months ago, that bitcoin
- 11:39Speaker 3: twenty k price sounded crazy. When it's at fifty five thousand.
- 11:43Speaker 3: Now people are begging to break above twenty four thousand,
- 11:45Speaker 3: hovering around eighteen or nineteen thousand. That is a so
- 11:48Speaker 3: when people even be like, well, stock Club is a
- 11:50Speaker 3: lot for ten grand. Every advisor that I've ever talked to,
- 11:53Speaker 3: they're like, if you, if I were you, I would
- 11:55Speaker 3: be charging ten thousand per call for the prices you're
- 11:58Speaker 3: giving sellers mark it.
- 12:01Speaker 6: Yeah, yeah, it's a seller's market.
- 12:02Speaker 2: The price what it is. Brad Panda has become a
- 12:05Speaker 2: seller's market. Invest Fest has become a seller's marketing market
- 12:09Speaker 2: because it was like even like when we was leading
- 12:11Speaker 2: up towards the Investmentest, it just every day it just
- 12:13Speaker 2: kept getting crazy and crazy, and we was worried about
- 12:15Speaker 2: capacity and how do we limit capacity?
- 12:17Speaker 6: Just raise the price? Can we raise the pride?
- 12:19Speaker 2: People still find it and the demand crew every ding
- 12:22Speaker 2: it's a different announcement, Dan Cathy and Tyler Perry and
- 12:25Speaker 2: all these people, And now it becomes there's no discounts,
- 12:29Speaker 2: not running discount for invest Fest. There's no fifty percent
- 12:31Speaker 2: off sale price is only going up because the value
- 12:34Speaker 2: is there.
- 12:35Speaker 4: The value of the brand's going up. Seller's market.
- 12:37Speaker 2: There's no alternative. So it's it's a sellers it's a
- 12:40Speaker 2: seller's mark. You've created a monopoly. Now you have a
- 12:42Speaker 2: seller's market. And yeah, no different Louisvaton seller's market.
- 12:48Speaker 5: Yeah, the key is and that's the Apple vertical is
- 12:50Speaker 5: crazy because they've created three different verticals that became its
- 12:54Speaker 5: own sellers market. So like that's the thing, Like, now
- 12:57Speaker 5: that you've become one, how do you create one inside
- 12:59Speaker 5: of it?
- 13:00Speaker 4: So, I mean, it's just a brilliant strategy.
- 13:01Speaker 2: The sellers market thing. That's one of the that's one
- 13:03Speaker 2: of the best things I've ever heard ever.
- 13:05Speaker 6: I say.
- 13:05Speaker 2: I have to say, it's like every Monday, we give
- 13:07Speaker 2: you advice, but sometimes you got to get the information
- 13:10Speaker 2: and make your own decisions. So now you have the
- 13:12Speaker 2: information about sellers marketing. Right, So now the homework for
- 13:14Speaker 2: you is to look to see what's the top seller
- 13:17Speaker 2: markets in the world.
- 13:18Speaker 6: Right? What is it?
- 13:19Speaker 4: Energy?
- 13:20Speaker 2: Is it, medicine, is it farming? Is it what is
- 13:24Speaker 2: the top seller markets in the world?
- 13:25Speaker 4: Right?
- 13:26Speaker 2: Research that and research who has the biggest market share
- 13:30Speaker 2: who are the most dominant companies. Those are probably the
- 13:33Speaker 2: companies that you want to be invested in because they
- 13:37Speaker 2: don't have any competition in the space and they have to.
- 13:40Speaker 2: Like one thing about it. Every human being has to
- 13:43Speaker 2: drink water. That's a seller's market. That's a seller's market.
- 13:47Speaker 4: Your kid's covered, but yes, label's covered.
- 13:50Speaker 2: You have to drink water, you have to eat food,
- 13:53Speaker 2: you have to have lights, you have to be able
- 13:56Speaker 2: to go places like these are all sellers markets.
- 14:00Speaker 4: Of lobbying.
- 14:02Speaker 3: Homework Assignent number two who created that there had to
- 14:05Speaker 3: be insurance for drivers and healthcare. Now you lobby your
- 14:09Speaker 3: way into insurance being mandatory, which is a seller's market,
- 14:16Speaker 3: and it is the biggest buildings in any city that
- 14:19Speaker 3: you normally go into are either banks or insurance companies.
- 14:23Speaker 4: Yeah, it did your seller's market.
- 14:26Speaker 5: The interesting thing is just like open your eyes to opportunity.
- 14:30Speaker 5: Like when you do that type of research, it's like
- 14:32Speaker 5: I used to call it like going down the rabbit hole,
- 14:34Speaker 5: and every time you went down deeper you just found
- 14:35Speaker 5: out more information.
- 14:37Speaker 4: But like really walk outside.
- 14:38Speaker 5: Like when we spoke to to kas It, we were
- 14:40Speaker 5: just he's just walking outside, just walking outside, looking at opportunity.
- 14:43Speaker 5: Every step he took he saw opportunity, and it was like, wait,
- 14:47Speaker 5: that's how we should be looking at life like this
- 14:49Speaker 5: opportunity and everything. So that even doing that type of
- 14:52Speaker 5: research of finding who has a seales market, like, it's
- 14:55Speaker 5: going to lead you to more information, more information, and
- 14:57Speaker 5: then your lens, your perspective on the world and on life,
- 15:00Speaker 5: it's gonna change. I mean, that's the type of power.
- 15:03Speaker 5: Like in an hour we took that from a conversation.
- 15:05Speaker 4: It was incredible.
- 15:06Speaker 3: And I always said Sean Parker had a great idea
- 15:08Speaker 3: what napster. The entire music industry vilified him and then
- 15:12Speaker 3: was happy to do business with Steve Jobs. And then
- 15:13Speaker 3: Steve Jobs came in with podcasting, which is essentially digital
- 15:17Speaker 3: radio and killed radio. And even when people do podcasts,
- 15:22Speaker 3: they'd be like, hey, I'm ready to pod, not knowing
- 15:24Speaker 3: that the original format too broadcast on a podcast was
- 15:29Speaker 3: the iPod, and then they tied in their AirPod to
- 15:32Speaker 3: it now to listen to. So you're from a subconscious
- 15:36Speaker 3: branding standpoint, no one's like, yoah, I'm ready to stitch
- 15:38Speaker 3: you today, shout out to stitch you. I love you guys.
- 15:40Speaker 3: I used the app for many years, right, So think
- 15:44Speaker 3: of how you can even create your own seller's market
- 15:47Speaker 3: in the industry for what you're in, or as I
- 15:50Speaker 3: used to call the ultimate competitive advantage. You have to
- 15:52Speaker 3: be able to do something that no one else in
- 15:55Speaker 3: the world can do. Amazing conversation though, amazing.
- 15:59Speaker 4: I'm glad you brought that up.
- 16:00Speaker 5: I was just reading that like last week, about the
- 16:01Speaker 5: branding of the word podcast and it's coming from the
- 16:05Speaker 5: actual iPod.
- 16:06Speaker 4: I think about that.
- 16:07Speaker 5: It's like band aid, right, like, yes, that that abrasive
- 16:12Speaker 5: adhesive is not the word, right, we think of his
- 16:14Speaker 5: band aid because that's the brand. But like podcasts forever
- 16:17Speaker 5: will be synonymous with iPod, which would be synonymous for Apple.
- 16:21Speaker 6: And some things.
- 16:22Speaker 2: Some things are sellers markets, like petroleum, like you know,
- 16:28Speaker 2: these things are sellers markets. But then some things are
- 16:31Speaker 2: biased markets. But you can create a seller's market niche
- 16:34Speaker 2: inside of it, so like close more of a bias market, right,
- 16:37Speaker 2: but you have some like let's take it even nicher sneakers.
- 16:40Speaker 2: Sneakers is really a bias market as a whole. But
- 16:44Speaker 2: you have you have pockets like Yeezy, like Jordan brand,
- 16:49Speaker 2: like you know, high end Nike Exclusive where that's actually
- 16:52Speaker 2: a seller's market. So I was asking like, well, how
- 16:54Speaker 2: do you create a seller's market? How do you create
- 16:56Speaker 2: your own niche in the seller's market in the bias market?
- 16:58Speaker 2: You So you can do it, but it's like having
- 17:00Speaker 2: a needle through a haystack. It's very hard. Like Supreme
- 17:04Speaker 2: like they've been able to do that, but it took
- 17:05Speaker 2: years to do that, ter So the easier route is
- 17:09Speaker 2: just to pick a seller's market as opposed to picking
- 17:12Speaker 2: a bias market and making your services a seller's market
- 17:16Speaker 2: inside of a bias market.
- 17:19Speaker 4: So yeah, go ahead.
- 17:20Speaker 2: So yeah, so when you when you're starting your business,
- 17:24Speaker 2: that's something to consider, and when you're looking to invest
- 17:27Speaker 2: in a business, that's something to consider.
- 17:30Speaker 3: That was the point I was going to say, So
- 17:31Speaker 3: for everyone who's thinking like, well, okay, you guys mentioned
- 17:34Speaker 3: in business talking points sometimes marketing, but these are the
- 17:37Speaker 3: things that you need to research to see what's going
- 17:40Speaker 3: to become incredibly competitive and allureing to go public. So
- 17:43Speaker 3: if we look at Stripe, process is very easy. They've
- 17:46Speaker 3: kind of created their own sellers market, where I don't
- 17:49Speaker 3: hear many business owners outside saying they want to use
- 17:54Speaker 3: PayPal over Stripe. So when they become public and everyone
- 17:58Speaker 3: asked me, like, what's the IPO I'm looking forward to,
- 18:00Speaker 3: that's probably the only one PayPal had a chance in
- 18:03Speaker 3: ninety nine, two thousand and two thousand and one. But
- 18:05Speaker 3: Stripe you don't hear all the horror stories that you
- 18:08Speaker 3: used to hear in comparison to PayPal about locking up
- 18:11Speaker 3: accounts for weeks or months. So they have created their
- 18:15Speaker 3: own seller's market, Amonth's business community, and when they go public,
- 18:19Speaker 3: I am pretty sure the stock is going to do
- 18:21Speaker 3: pretty damn well.
- 18:22Speaker 4: It'll be five years the biggest ib ON history easily.
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