Anthony Scilipoti
๐ค SpeakerAppearances Over Time
Podcast Appearances
Then I'd just buy futures and make tons of money or short them.
But what instead I know is I'm looking at the underlying companies.
And except for some of the MAG-7 that are growing their earnings, the smaller and mid-caps are not.
When Walmart is telling you that there's a problem with its sales forecast and Target is struggling and Lululemon can't sell the same number of pants and Starbucks is considering to changing some of its pricing and some of its business model.
You know, this is Joe Sixpack and Stevie Winebox that stepped up from Joe Sixpack.
You have Stevie Winebox in the middle.
And I think they're the ones that are struggling.
And so it tells me that this can continue and markets can continue going up for any number of amount of time because it's a function of how much liquidity is in the market as well.
People have are if investors have lots of cash.
They'll continue to invest.
The people that you're seeing that are making the most money today are not those that historically, in general, I'm speaking, the ones that you hear about that have made money historically.
We talk Ray Dalio.
We talk about, you mentioned, of course, Warren Buffett.
And there's a quote that I learned over time.
And it says, during raging bull markets, knowledge is superfluous and experience is a handicap.
Because if you have the benefit of knowing what happened in all the other blow-ups, you know how painful it can be.
But if you've never experienced it, and every time something went wrong, it just rallied back like nothing happened, well, you think it's going to continue.
One day you want to write a book that marries finance with life because it's one and the same.
And so what I see is the same.
We actually put, you know, I transitioned the forensic accounting knowledge and skill set into what is today Veritas.