Running from Saber-Toothed Tigers with Josh Brown
Running from Saber-Toothed Tigers with Josh Brown
The Sandbox Daily (9.24.2024)
Welcome, Sandbox friends.
Today’s Daily discusses:
safeguarding public influence
common investor mistakes
behavioral finance and position sizing
human brain’s amygdala response to market drawdowns
favorite market indicators
Snoop Dogg
Michigan or Maryland
Let’s dig in.
Markets in review
EQUITIES: Nasdaq 100 +0.47% | S&P 500 +0.25% | Dow +0.20% | Russell 2000 +0.17%
FIXED INCOME: Barclays Agg Bond +0.14% | High Yield +0.01% | 2yr UST 3.538% | 10yr UST 3.731%
COMMODITIES: Brent Crude +1.56% to $75.05/barrel. Gold +1.33% to $2,687.8/oz.
BITCOIN: +1.48% to $64,213
US DOLLAR INDEX: -0.48% to 100.367
CBOE EQUITY PUT/CALL RATIO: 0.49
VIX: -3.15% to 15.39
Quote of the day
“Both optimists and pessimists contribute to society. The optimist invents the aeroplane, the pessimist the parachute.”
- George Bernard Shaw
Running from Saber-Toothed Tigers with Josh Brown
Today is a special edition of The Sandbox Daily in which we are joined by Josh Brown of Ritholtz Wealth Management.
Last week, when Sandbox Financial Partners headed west to the Future Proof Wealth Festival in Huntington Beach, CA, we sat down with various folks across the industry to discuss investing principles, human behavior, markets, and the economy.
Josh’s The Reformed Broker was the first investing blog I ever read – dating back to roughly 2011 or 2012 – and ever since, his illuminating, no-nonsense, and delightfully refreshing prose has been a guiding light in my own journey to understand the esoteric nature of financial markets. Even to this day, I torture subject my wife and four young kids to the latest WAYT or TCAF podcast while buzzing around Maryland or taking long treks up and down the East Coast.
When I initially told my wife Jen about recording some interviews at Future Proof and that I was reaching out to Josh, her immediate deadpan response was “Blake, you are seriously outkicking your coverage here… but good luck!”
This was an absolute blast and I’m so excited to share this Q&A with you.
Hope you enjoy!
Josh Brown is the CEO and Co-Founder of Ritholtz Wealth Management, a New York City-based investment advisory firm managing over $4 billion in assets under management (AUM) with offices, employees, and clients located all across America. Josh and his co-host, Michael Batnick, lead two of the most influential podcasts in finance, What Are Your Thoughts each Tuesday and The Compound and Friends every Friday. Josh’s wildly successful blog The Reformed Broker ran from 2008-2023, and his new iteration Downtown Josh Brown remains a must open newsletter. Josh is a CNBC contributor. Josh has authored 4 books, including his just released best-seller You Weren’t Supposed to See That.
Blog: Downtown Josh Brown
LinkedIn: Josh Brown
YouTube: The Compound
Twitter: @Downtown
Amazon: Josh Brown
CNBC: Josh Brown
That’s all for today.
Blake
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Welcome to The Sandbox Daily, a daily curation of relevant research at the intersection of markets, economics, and lifestyle. We are committed to delivering high-quality and timely content to help investors make sense of capital markets.
Blake Millard is the Director of Investments at Sandbox Financial Partners, a Registered Investment Advisor. All opinions expressed here are solely his opinion and do not express or reflect the opinion of Sandbox Financial Partners. This Substack channel is for informational purposes only and should not be construed as investment advice. The information and opinions provided within should not be taken as specific advice on the merits of any investment decision by the reader. Investors should conduct their own due diligence regarding the prospects of any security discussed herein based on such investors’ own review of publicly available information. Clients of Sandbox Financial Partners may maintain positions in the markets, indexes, corporations, and/or securities discussed within The Sandbox Daily. Any projections, market outlooks, or estimates stated here are forward looking statements and are inherently unreliable; they are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.
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