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Anthony Scilipoti

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1019 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

Then I'd just buy futures and make tons of money or short them.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

But what instead I know is I'm looking at the underlying companies.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

And except for some of the MAG-7 that are growing their earnings, the smaller and mid-caps are not.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

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.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

You know, this is Joe Sixpack and Stevie Winebox that stepped up from Joe Sixpack.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

You have Stevie Winebox in the middle.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

And I think they're the ones that are struggling.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

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.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

People have are if investors have lots of cash.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

They'll continue to invest.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

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.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

We talk Ray Dalio.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

We talk about, you mentioned, of course, Warren Buffett.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

And there's a quote that I learned over time.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

And it says, during raging bull markets, knowledge is superfluous and experience is a handicap.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

Because if you have the benefit of knowing what happened in all the other blow-ups, you know how painful it can be.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

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.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

One day you want to write a book that marries finance with life because it's one and the same.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

And so what I see is the same.

The Knowledge Project
Anthony Scilipoti: The Bubble No One is Talking About

We actually put, you know, I transitioned the forensic accounting knowledge and skill set into what is today Veritas.