Sam Rowe
speaker
261 appearances
3 recordings
2 series
first heard Sep 2024
last heard 30 Jun
Sam Rowe’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.
Appearances
What do you make of the Supreme Court ruling today in regards to the mail-in ballots and what comes next for the SAVE Act after today's ruling?
Oh, yeah.
Things are always uncomfortable
I think that's sort of like one of the most important things about understanding this idea of stocks usually go up is the key word there is usually right.
Like every way you cut the data historically in good times and bad times and bull markets and bear markets, you always have like these periods of volatility where, you know, stocks do go down.
That's the catch here with stocks usually go up is that they go down a lot often.
So yeah, of course, I'm nervous, especially when you're at peaks.
I mean, of course, the data will also tell you that the 12-month returns after all-time highs actually tend to be higher than when you're at lows.
But yeah, of course, I'm nervous.
I mean, I think that's very healthy for anybody in the investor class.
is even no matter how optimistic you might be over the near term or long term, you have to be prepared for those big drawdowns because they do happen and they happen frequently.
Yeah, I think the transition is super important because as much as everyone likes this idea, even on the corporate side or the shareholder side, the promise of all this productivity that's unlocked by AI, and maybe some people are thinking quietly in terms of like, oh, this is going to replace all of our workforce.
But, you know, the economy sort of stops working when no one has jobs and no one has income, right?
It's like, it's great that you have this huge profit margin, but you have no revenue because everyone's unemployed and they don't have any money.
And, you know, those people aren't shopping.
Those people aren't buying, you know, washing machines.
And the washing machine manufacturer can't, you know, buy, you know, metal parts.
And suddenly we're digging up less copper and the whole economy shrinks because no one has jobs.
Then the whole point of this exercise becomes sort of meaningless, right?
So which is why I think you're increasingly hearing from folks on this side, you know, talking about things like, you know, basic income and guaranteed jobs and all these things.
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