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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

And then I don't have any money.

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

Buffett has built a business that generates cash.

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

So he has operating businesses, Geico, Prudelum, et cetera.

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

These generate cash.

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

He takes that cash and invests it when he wants to invest it.

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

in the way that he wants to invest it.

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

You know, the average portfolio manager can't do that because they're tied to, they have to, like today in the investment management industry, portfolio managers are measured like on a daily basis.

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

If you're investing in my funds, you can look right now and see how we're doing versus the index every second.

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

Why are you down today?

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

My partner that started the business with me says, I don't know, because there was more sellers than buyers today.

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

I don't know.

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

Any number.

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

And someone that tells you they can know exactly why, unless there was some announcement.

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

And even when there was an announcement, it was the interpretation of the announcement that led to the stock price falling, not the announcement itself.

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

So that's the first thing you look at is the structure and the control environment.

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

I think your analogy is fantastic.

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

And it's why, you know, I played hockey and football in my life.

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

And I love hockey.

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

I'm a big, huge Leaf fan and watch the games and so on.

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

But I watch more NFL.