The Whole Market Looks Expensive — Is it Time to De-Risk?
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Why do Scott and Ed say there’s “no place to hide” in today’s stock market?
Mm. Our earliest childhood memories can feel so visceral.
I have this memory of my mother standing on the beach, you know, the wind whipping her hair and her jacket, calling into the wind, with my siblings out in the lake and the dam, you know, looming in the distance. But none of these memories were true.
This week on Explain It to Me from Vox. Why can't I remember being a baby?
Today's number 90. That's the percentage of people in Finland who say most people can be trusted. In America, that number is just 30%. Ed, one day, I'll pretend to be gay, I'll make lots of female friends, gain their trust, become their confidant, and then when they least expect it. Bam. Oh fuck their boyfriends.
I think the key to being offensive is it has to be funnier than it is offensive, and I don't think I got there with this one. I think that one was more offensive than funny.
It's always a really blurry line with these jokes, I gotta tell you. Yeah. How are you? I miss you. I'm doing well. I'm doing well. I miss you. You're you're you're a busy man.
I don't know about you, but and I mean this sincerely, I never miss people until I see them. I'll see I know um a bunch of my friends from college, my fraternity buddies are coming to our live pivot tomorrow in LA. And I don't I never miss them and then I see them and I miss them. The only people I've ever actually miss when they're not around are my boys. Uh but when I see people, I'm like, Oh, I miss this person.
Yeah, you kind of remember what it's like to
be with them. Yeah. No, I feel that. Yeah, that's right. What have you been up to? What have you been doing while I'm I've just been reading Epstein emails
all morning.
That's all I can do. Let me guess. Really good news for the president? He's been exonerated. It is a hoax, right? Nothing nothing to see here. Move along. I assume
you've been reading them. I mean, I I I can't get enough of them. I love when these emails get leaked. I mean, the the best was when Elon was was buying Twitter and then we saw all the correspondence in the text between him and all of these Marshall Universe CEOs and tech executives. But now we're getting that with Epstein and Larry Summers. We got it with my old boss, Michael Wolf. Yeah, he was advising him, right? That's right. And by the way, this is what Michael does. I mean, a lot of people seem to want to think, oh, this this compromises Michael Wolf. No, his whole thing is that he establishes relationships with all of these very precarious people such that he can get the scoop, which is why he released all the Epstein tapes last year.
And as he said before, to almost no effect, people seem to not want to care about Trump and his. very obvious relationship with the Epstein. Either way, these emails are amazing, um, just for pure entertainment reasons. Will it go anywhere? Probably not. I don't know. Uh, but that's what I've been doing with my time.
I love how all of a sudden you're you're a guardian of a pedophile. You're enabler now. You're making excuses for Michael Wolf. I don't know Michael, but I I'm obsessed with his videos with Joanna Coles talking about I mean, he has unbelievable sources and I find him actually compelling as a journalist and or an author. Oh yeah. But I watched his video last night talking about it and you could tell he was visibly rattled. No. Oh, I thought so. No. You don't think so?
I mean, of course i i if your name is out there being released by the government, sure.
Affiliated with Epstein, giving him advice. Yeah, I but that would rattle most people.
He's released tapes with talking with Epstein before. We all know that that's part of his thing, was his friendship with Epstein, as it was his friendship with uh Steve Bannon and and Donald Trump. Like he does this.
Look who's triggered defending their enabling pedophile friend. Look
who's triggered. Like, you know what you know what this means for you? When you get canceled in a few years, this means what you know now is that I will be out there defending you.
Yeah, no, I get it. I actually uh yeah, I don't I uh he was providing legal or he was giving them counsel.
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Chapters
3 chapters
1
Why do Scott and Ed say there’s “no place to hide” in today’s stock market?
0:01–27:38
2
How does Aswath Damodaran’s bearish outlook change the way we should de‑risk our portfolios?
27:38–59:27
3
What practical steps do the hosts recommend for trimming exposure to over‑valued tech stocks?
59:27–1:05:45
Speakers
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