Chris Josephs
speaker
1,553 appearances
9 recordings
4 series
first heard Sep 2024
last heard 15 Sep
Chris Josephs’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Jun 2026 with 3.
Appearances
But to make this, this is why I get passionate about. It's like, I'm not even a political guy. I'll tell you the whole story of how this started. I didn't grow up being obsessed with politics. I just, citizen journalists kind of see the opportunity and be like, this is fucked up. We should stop this. The story though then goes, February 13th, he sells off 1.65 million.
30 minutes later, he calls his brother-in-law. And him and his brother-in-law have around a two-minute conversation. The brother-in-law hangs up the phone, calls his financial advisor. His financial advisor doesn't pick up. He then calls his second financial advisor. They pick up. They have around a 30-second conversation. He then goes off and sells off $265,000 of his own portfolio.
So now you got the senator, who's the head of the Senate Intelligence Committee, calling up his brother-in-law, them having a conversation, and then the brother-in-law going and selling off 30 seconds after that conversation. Now, I don't, that's sketchy as hell to me.
And the other argument to be had is around February 13th, I don't remember the headlines that were coming out. How extreme was that? If you're the brother-in-law, of course you sell out. Of course! It's not like you're necessarily going to listen to that, read all the headlines and do nothing about it. So it's not even necessarily his fault for selling.
And I don't think like that's where the insider trading necessarily happens. I think the culprit is the person who makes that initial phone call, which is, I think, where the investigation. Of course. So then what they do with the money?
uh they keep so they that happened on february 13th um and then the storyline goes they started having private richard burr started having private conversations with his donors and then the donors were starting to set all this stuff up a month later not even a month three weeks after that around march early march is when the market fell 30 and they saved themselves millions um
That all gets blown up because of, again, unusual whales. The SEC gets involved. The DOJ gets involved. They then find nothing. Well, they find all this information. That's how we know about the text. The FBI came in. But they don't charge them with anything. Nothing happens. Richard Burr retires and... You know, it's just like, again, we were chatting about this off camera. I'm 29.
I grew up with this. I'm not surprised by it. I'm just like, yeah, of course, the politicians kind of can build this situation where they benefit and people will come after them. They'll make a facade. No charges will happen and they'll go off into the sunset.
He had to step down, too, while he was getting investigated. But yeah, I mean, I believe it. Wow.
Yeah, I'm watching this at home while I'm building the social investing app that at the time was called Iris. So that's what's funny about it. I, you know, we run the Pelosi tracker. I'm not a political guy. I'm just an everyday dude. You know, I'm 26, moved out to California to build this with my friends. And then the politics stuff starts happening.
And like our mission with our app is to try and instill trust back into institutions. And we always wanted to do that. And our bigger picture was financial management and that whole space. But then we started seeing the politics stuff. It's like, this is incredible that they're able to do this. We have technology and we have the team that we can actually build a way for us to get involved with it.
And what better way to highlight like the hypocrisy of politician stock trading than to build a way to actually copy them and invest alongside them. And that's how like how our app started. But at the time, no, none of that.
Yeah. I mean, it's just hilarious. It shouldn't be. No, I know. I know. It's crazy. You have to laugh at tragedy. I know it's working. I'll get into the whole thing about how Pelosi crushed it. She was up 54% last year. We got half a billion dollars invested alongside her. The app is too popular. It shouldn't be this popular with just a slogan, invest like a politician.
But I think it perfectly encompasses and showcases like the slogan of what's wrong with society right now. It's not only do we not trust politicians, we now are at the point where like throwing up our hands, like, fuck it. You know, if you guys aren't going to ban it, you're going to keep doing it.
We're going to build a way to get in on the action and what better way to do it and highlight the epoxy than copying them. You're making my day. Yeah. I mean, I, again, though, if I can snap my fingers and have it just go away. Of course, but you can't, unfortunately. So, okay.
Yeah. Pelosi. So Pelosi gets a lot of headlines for obvious reasons. One, uh, millions, massively outweighs what the other politicians are trading. And I'm talking like she's trading 50 to 60 million while everyone else is trading smaller amounts. When she got married, I think it was in 2012, And there's a whole arc for her. She got married in 2012 to Paul, Paul Pelosi, ex-VC.
No, no, she's been married to Paul Pelosi for decades. Oh, has she? Okay, then when they got married, I'm mixing up. 2012 is when the Stock Act started. That's when they had to start showcasing it. When she got married to Paul, they were worth around $20 million, their net worth. Their net worth now is around $260 million. So you're 10Xing that. How?
She's been a career-long politician, making $175K. Her husband's very successful in stocks, particularly tech stocks. It all started with her in 2020 when she bought Tesla. And this is when I personally started paying attention. And then you look back and it's like, holy shit, this has been going on forever. And that actually started back in with the Visa IPO.
so with the visa ipo she and her husband were able to get privileged ways to buy in on the ipo no one knows how no one knows why and then the stock absolutely crushed it so that was brought up on a 60 minutes interview um and that was that iconic interview from the the reporter asking her like do you think this should be allowed is this fine that you got in on the visa and then you know this is 10 12 years ago nothing necessarily happened
uh again 2020 comes around covid so people already necessarily know about her she now starts trading stocks again and it's getting blown up on social media because while everyone's with covid what are they doing they're on social media and they're trading stocks so now everyone's like acutely watching these things and paying attention she in end of 2020
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