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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

this is the financial zeitgeist right now for a lot of millennials and a lot of Gen Z. And they're sort of in some way defined by this sense of hopelessness.

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

And the thing that I think about

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

Is like the externality of people feeling that way leads to two things that I think are not great.

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

One is electing socialists who have easy answers like vote for me.

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

I'll just give you free stuff.

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

It'll be fine.

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

But also like these nihilistic financial behaviors like like daily aggressive options trading or sports betting in place of long term investing.

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

I think the urgency for your book, Future Rich Person is about exactly that.

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

teaching people to become part of the capital class rather than leading a protest against it.

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

Like if you can't beat them, join them.

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

And if we can turn the kids into capitalists early, it doesn't solve all their problems right away, but it puts them on a path so that they're not out marching with signs or electing people who make bullshit promises to them.

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

And so I think there's a lot of urgency to your message right now for that generation.

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

Yeah.

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

Is that the way you think about it?

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

Do you see it as urgently as I do?

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

Or was that part of why you felt like I really have to get this stuff into writing?

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

What's the central rule of old finance that you felt had to be broken or redefined for this generation?

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

Like what's that thing where you said, all right, it is a system for rich people.

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

You're not going to change that.