Listen "Ep 2: #FOMO: Comparing Fear Of Missing Out Investing to Profitability based; How Matthew Stafford Upgraded to Quality as well to win a Super Bowl!"
Episode Synopsis
In episode #2 of The Big Bo $how, Big Bo (a.k.a. Jason Blumstein, CFA) provides context on the current #FOMO investing trend, and contrasts it the Moneyball concept in sports. Topics Discussed:- #FOMO vs. ROE based wealth creation- Warren Buffett's thoughts from 1998 Berkshire Annual Meeting- It's OK to make mistakes, as long as we learn from them- NFL Playoff round-up and how Matt Stafford's journey relates to upgrading to qualityEpisode 2 Key Takeaways: 00:00 An overview of recent market activity, including FOMO investing from meme stocks and NFTs. 8:39 How to apply the Moneyball strategy to investing. 13:48 Dipping into the minds of Warren Buffett and Charlie Munger to break down, "Why time is the friend of a great business and the enemy of a poor business." 15:17 A direct clip from the 1998 Berkshire Hathaway annual meeting regarding Warren Buffett’s rejection of “cigarette butt” investing. 22:47 Tying Matt Stafford and the Rams’ Super Bowl to lessons around return on equity.The content is developed from sources believed to be providing accurate information. The information in this podcast is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.Julius Wealth Advisors, LLC (“JWA”) is a registered investment adviser located in Englewood, NJ. Registration as an investment adviser does not imply a certain level of skill or training. The publication of The Big Bo $how should not be construed by any consumer or prospective client as JWA’s solicitation or attempt to effect transactions in securities, or the rendering of personalized investment advice over the Internet.A copy of JWA’s current written disclosure statement as set forth on Form ADV, discussing JWA’s business operations, services, and fees is available from JWA upon written request. JWA does not make any representations as to the accuracy, timeliness, suitability, or completeness of any information prepared by any unaffiliated third party, whether linked to or incorporated herein. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.JWA is neither your attorneys nor your accountants and no portion of this podcast should be interpreted by you as legal, accounting, or tax advice. We recommend that you seek the advice of a qualified attorney and accountant.
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