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Prof G Markets

Is Breaking Up Intel The Right Move? + The New Gold Rush

24 Feb 2025

Description

Ed and Josh Brown, co-founder and CEO of Ritholtz Wealth Management, open the show by discussing January’s housing starts data, X’s latest funding round, and the growing wave of companies emulating MicroStrategy’s approach to bitcoin. Then Josh unpacks the potential breakup of Intel. He breaks down how Intel’s leadership struggles led to its decline and explains why having a true visionary at the helm is crucial for a chip company. Josh and Ed also break down gold’s record-breaking surge and explain why banks are rushing to fly the commodity into the U.S. Ed questions whether gold is really a smart investment, while Josh explains why owning it outright might not be as valuable as people think. Subscribe to the Prof G Markets newsletter  Join us for a live recording at SXSW Order "The Algebra of Wealth," out now Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcription

Full Episode

0.834 - 22.712 Peter Kafka

Hey, this is Peter Kafka. I'm the host of Channels, a podcast about technology and media and how they're both changing all the time. And this week, I'm trying to figure out how Donald Trump is changing the media in Washington and the courtroom and in the boardroom. On to help me figure it all out is Sarah Fisher, the excellent Washington-based media reporter for Axios.

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23.613 - 27.596 Peter Kafka

That's this week on Channels, wherever you get your favorite podcast.

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32.225 - 38.547 Narrator

Buying a house has long been considered the best way to build wealth and move into true adulting.

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38.967 - 44.989 Unknown

Isn't it? I mean, at least that's what society wants us to think. Gotta get a Birkin, gotta get a home, you know.

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45.53 - 63.316 Narrator

Okay, the handbag you can probably manage without. But what about a house? Surely that's actually good, right? We're going to find out this week on Explain It To Me. New episodes every Sunday morning, wherever you get your podcasts.

77.179 - 99.629 Ed

Welcome to Prof G Markets. So Scott is still away. He's still on the slopes. We're beginning to think he's quite quitting, but we're not too worried about that because today we have one of our favorite guests on the show. You've heard him before. We have in the studio, the one and only downtown Josh Brown. Josh, thank you so much for joining me.

99.849 - 104.05 Josh Brown

I will be doing my best Scott impression. You'll tell me after how it went.

104.47 - 106.971 Ed

I can't wait to see it. Where are you? You're not in your usual studio.

107.231 - 128.804 Josh Brown

I am in Naples, Florida, which is Chicago's version of, I guess, Southeastern Florida. So this is Gulf Coast. Western Florida, and I love it here. I've never been before. We're seeing wealth management clients and colleagues, and we're doing a live version of our podcast tonight in town. So it's exciting.

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