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Josh Brown

πŸ‘€ Speaker
5157 total appearances

Appearances Over Time

Podcast Appearances

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

From a market perspective, what's one trend right now that you think Gen Z or millennials are underestimating how much of an impact it will have on their future, their financial future?

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

Like what's something that you think doesn't get enough attention that's going on right now?

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

Okay, so you think there will be more adoption of regular people using prediction markets to make money?

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

I think it's part of the nihilism.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

Yeah, yeah, yeah.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

Do you think they'll actually influence real world things?

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

Okay.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

And we're not really ready for that yet.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

We haven't thought that through.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

They just kind of came inside of a year and we just all kind of accepted it.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

Okay.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

How would you answer that?

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

What's yours?

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

So I think that the last stat I saw was something like 88% or 90% of all of the volume, dollar volume, not number of trades, but dollar volume on prediction markets is related to sports.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

If it stays that way, no problem.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

If it deviates into – But that's what they're trying to.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

We are manipulating the algorithm to make it look like candidate A is going to win, which then causes voters who would otherwise vote against candidate A from even bothering going to the polls.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

Then we're talking about gambling and manipulating markets having real-world manifestation that is probably an unintended consequence.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

Okay.

The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks

So I wouldn't say anything to do with AI is underrated.