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You become less rational when you're when you're

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really stressed and fear is a big 1.

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And markets tend to produce fear. Right? Stock

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markets can be very scary. Things are going

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down. It generates a stress response. And what

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do you do? You

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can you you skip the logic center. Sacrifice

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accuracy, mh for speed because of fear.

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Alright. It is there. I'm of the weekend.

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Welcome back to the true. Well, Radio show

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on this the best Tuesday you've had all

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week.

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I'm your host Dave Little John back from

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beyond. Yeah. You are gone there for a

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minute. Yeah. I think at least 2 shows

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I was gone. 3 3. Yeah. They they

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a lot... Yeah. They're not gonna let me

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that live that down. The best 3 shows

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That there's that's ever been, and and I

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wasn't part of it.

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Well. Yeah. For June. How about that? The

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3 shows in June. Yeah.

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Fine.

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What july.

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Whole new month, laundry

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content that we're ready to start pushing out.

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Are. It's time to launch.

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Let's go straight into the fun. Matt, did

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you watch the debate? Yeah.

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So Yeah. I have only seen clips. I

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haven't watched this start clear on the road.

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No I actually need to watch I can't

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claim that I've seen the whole thing. I...

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When I caught about 25 percent of it,

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and then I had other stuff that was

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more pressing, and so I stepped out. But

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then I caught the highlights on the other

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75 percent. And

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the highlights seemed to have been enough that

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the Yeah. The fumble were pretty significant. It's

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on big time.

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Here's why do I bring it up?

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Right? Well, we keep getting asked the question

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you know, what does this mean for the

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stock market? Right. And we've been getting this

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question a lot? And so I really think

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it's worth unpacking? You know,

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what if we get a Republican in an

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office? What if we get a democrat in

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office? How is that gonna change things? And

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I think a lot of people are under

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the impression that it's gonna have a radical

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change to the market. And so we need

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to unpack that. And I think 1 of

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the best ways to do that is to

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look

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to history. Right? There's been a lot of

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elections in our past.

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What has happened, not that it's gonna pertain

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to the future, but it's a decent indicator

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as to maybe what we can kind of

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expect. Right. The as the joke goes, History

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doesn't repeat itself, but it arrives. It's Nah,

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there you go. Yeah. So,

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yeah. It's really not partisan today. Believe it

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or not,

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that's not to say that we're not inherently

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partisan. Everybody brings their own opinions to this

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1.

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This is where in the interest of disclosure,

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like, I'm just a total loss. Right? Mh.

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Quiet English Saxon accent protestant.

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Yep, got, you know, 3 kids at home

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and a nuclear family and we're still doing

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that stuff. And you know, for some people

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that makes me like, hey, right on. And

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for other people are like, oh my gosh.

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You're an press

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And to those people, I just say, I

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don't know. Pants sound. It's ridiculous?

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Like, you know, show me where the oppression

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occurs and, you don't know your privilege that

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Suddenly other Man, we're gonna really stretch for

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that aren't we. Mh. Are you. We're gonna

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do that?

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Because to me,

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the idea that you're... What you put in,

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has no bearing on the outcome is just

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nausea. Mh. Right? In this environment where we're

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supposed to have

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freedom of opportunity and so forth. Then it's

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not to say,

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here... Here's... In fact, I'm gonna make a

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comment about this for a sec. Right? There

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was this video circulating around the internet at

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1 point. Where they line a whole bunch

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of people up on a line on a

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field. And they start saying, you know if

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you have this in your life, take 2

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steps forward. Right? But if you have this

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in your life, take 2 steps backwards.

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And they ask a series of questions. And

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when they're all done, they say, this is

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what your privilege looks like. And I did

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a face

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as I thought about it for a second.

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I said, you know, there's 2 things wrong

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with this. Mean, 1, what it illustrates is

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we start from different points. Right?

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But it assumes we're all running the same

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race.

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And I think, well, that's awfully pre that

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we're all trying to run to the same

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place. Yeah. Beauty of America is that we

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still enjoy a great deal of Freedom

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to run where we'd like to. Right?

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That's a good point. And so that just

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kinda sat with me Yeah. Because the ideal

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life for 1 person might just be, I

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wanna

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you know? Right. We don't share the same

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passions. It's like some be like, look, I

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I love doing this stuff on the radio.

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There's some people that are mortified by it.

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I mean, they would not wanna do this

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at, oh. No,

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I've talked to a lot of people saying,

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hey, would you like to join on their

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radio? All the thought is... Speaking to that

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many people just makes me. Yeah. Yeah. And

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I'm like, I enjoy it. Yeah. And so

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just those little things like, we're we're not

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built the same and that's is awesome. Mh.

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Right? It's great that we all have these

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different passions and different talents, and, you, that

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forms a society. That and it forms an

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economy. And I think that

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some natural divisions of labor that are great,

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but,

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it it just frustrate me, to to suggest

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that it can be distilled down to, like,

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class identities as to whether or not somebody

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succeed or not. Mh

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Jeez. Yeah. Let's measure everyone the exact same

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way. No. So so anyway, that's just a

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little aside to this 1, but why? Because

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I guess when it comes to... Political debate,

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you know, people are gonna make their assumptions.

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Mh. I'm like, yeah, It turns out, I

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start on the conservative side of a lot

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of analysis,

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find myself to the middle pretty quick a

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lot. Mh. But not everything I do starts

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on the conservative side either. Right? I tend

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to be fairly

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socially agnostic. I don't particularly like the government

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to be involved in social policy.

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Okay, Ron Swanson. Yeah.

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There's a lot of things that are reflect

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their landing small government is the best government.

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Yep. You know,

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provided that it's not hurting yourself or others

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around you and it's not to you know,

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creating chaos that's in stark violation of our

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social contract. And I think there's some liability

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there. Because not every social contract. Is right.

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I also, like giving... I mean, re in

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agreement with what you just said, but I

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also, like when we tend to give states

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more control. Than a federal, like, over reaching

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suite. Yeah. Where it's like, hey, you know,

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let the states figure out the the bulk

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majority to that stuff. What do we need

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the federal government for? Defense. Right? Like, regulation

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of basic commerce, you'll standardized currency. Yep. I

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mean there's are certain things that we like

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to have standardized across State.

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Not I I'm in agreement that essentially, the

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more localized the control the better.

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I... I'm quite certain the needs of Rose

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Oregon where we're broadcasting from. Look different than

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need the needs of La. Yep. Absolutely. You

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know, we have different top.

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We have different,

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not just personality, But I mean, it's just

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the demographic so they are very different. We

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don't have the population density. We don't have

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a lot of things that they have. I

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think you're setting a good stage though for

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the show where it's like, hey, we're just

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gonna throw some... Backs out there, and we're

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gonna talk about what has happened in the

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past and

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whether you lean left, lean right or none

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of the above.

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Let's just have an honest Frank conversation about

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the stock market and how that's related to

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let me And I'm gonna I'm gonna summarize

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the show before even gets going. Right? Sure.

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Here's the dirty secret. We're gonna talk a

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whole bunch about this. If you're looking for

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a cheat code that's gonna somehow unlock the

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market and ain't happen. Nope.

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Right? It's not. We... We're yet to discover

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a cheat code that unlocks this thing and

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guarantees an outcome. I've not seen it. Mh.

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K. But I think there's some some takeaways

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that we can we can extract today that

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give you sort of an indication of how

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things are trending. Mh. And some things to

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consider

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when we're looking at this. But that I

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don't think we can say, like, well, based

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on the debate,

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the stock market's is gonna do this? No.

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No No. That is such a for, like

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based on the debate. We can project the

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outcome of the elect.

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The outcome give a a hint to the

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ending of the show or the summary of

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the show.

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I think that we need to at the

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end of the day. Not let

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emotional

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behaviors

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in regards to elections

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drive our decision making. Right? Like, at the

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end of the day, we need to keep

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a good head on our shoulders and try

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and separate ourselves from our emotion. Because for

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most people,

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we're gonna be emotional about how we feel

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politically. And sometimes I think that can roll

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over into making bad financial decisions. 0II would

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say most of the time,

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oftentimes. Right?

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You could probably summarize this really simply. There's...

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I'm... I've been listening to a book, often

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on. It's kinda a long 1. Called thinking

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fast and slow. And Don't recall the author's

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name off the top of my head, but

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really talks about the 2 different thinking systems

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that are mind has. And it's really important

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to understand. I actually gave a ted talk

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about this years ago.

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The

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idea that your conscious brain is only capable

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of handling so much at a time. Right

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You forget

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that when you're standing,

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A good portion of brain power is just

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helping you maintain balance.

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But you never think about that. It's automated,

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and that's a system that is

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subconscious. Right? Below your conscious thoughts, all of

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those things are being processed and handled, but

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your conscious thoughts are juggling

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conversation and the things that are happening right

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now. Mean, if you're if you listen for

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a second, do you know what your left

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foot feels like?

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Ting. Too much right your now. But maybe

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now. Right? But if you weren't thinking about

264
00:09:32,074 --> 00:09:34,383
it until I said something. That's an example

265
00:09:34,383 --> 00:09:36,692
of how the system was running without you

266
00:09:36,692 --> 00:09:39,651
paying attention to right. K? And why is

267
00:09:39,651 --> 00:09:42,433
it relevant? Will the 2 systems do different

268
00:09:42,433 --> 00:09:43,386
things. K?

269
00:09:44,896 --> 00:09:47,121
They also consider the conscious system,

270
00:09:47,694 --> 00:09:49,609
while tied to the subconscious system,

271
00:09:50,327 --> 00:09:52,561
oftentimes has to make decisions without complete data.

272
00:09:53,040 --> 00:09:54,955
K? Mh. Fight or flight responses,

273
00:09:55,608 --> 00:09:59,039
Hey. If you have a fight flight response,

274
00:09:59,199 --> 00:10:00,715
I think it's 3. Right? It's so it's

275
00:10:01,034 --> 00:10:02,550
freeze flight or fight.

276
00:10:03,759 --> 00:10:05,429
When do you tend to freeze or fight?

277
00:10:06,861 --> 00:10:08,316
I tend to

278
00:10:09,009 --> 00:10:09,407
fight.

279
00:10:10,057 --> 00:10:11,884
I feel like you were gonna say that

280
00:10:11,884 --> 00:10:14,505
because of your story recently on your vacation

281
00:10:14,505 --> 00:10:16,967
about the mountain lion. Oh, that walking through

282
00:10:16,967 --> 00:10:20,320
the campground. Like, who experiences that? Like, you're

283
00:10:20,320 --> 00:10:21,751
just sitting there at a picnic table or

284
00:10:21,751 --> 00:10:23,579
something in a mountain light it wasn't the

285
00:10:23,579 --> 00:10:25,090
dark so you couldn't see it Oh, really.

286
00:10:25,487 --> 00:10:27,888
We were... Yeah. It's it's okay. The... For

287
00:10:27,888 --> 00:10:29,801
our listeners. I'll I'll share the story and

288
00:10:29,801 --> 00:10:31,555
then and and I had more up for

289
00:10:31,555 --> 00:10:33,070
this song. Yeah. That this was not part

290
00:10:33,070 --> 00:10:34,584
of show prep by the way. No. But

291
00:10:34,584 --> 00:10:36,511
it was a strange experience? And then we

292
00:10:36,511 --> 00:10:37,624
did... Then we did pull some data on

293
00:10:37,624 --> 00:10:40,033
it, which made it even more interesting. So

294
00:10:40,885 --> 00:10:43,589
we're in... We're outside of Yosemite at a

295
00:10:43,589 --> 00:10:46,320
campground. Right on vacation. Alright? And so the

296
00:10:46,320 --> 00:10:48,879
family's there, we've got our motor home. All

297
00:10:48,879 --> 00:10:50,480
of my kids and my wife are actually

298
00:10:50,480 --> 00:10:53,052
in the motor home. I'm out at by

299
00:10:53,052 --> 00:10:55,046
the campfire fire pit, and I'm talking to

300
00:10:55,046 --> 00:10:56,641
the neighbor. And I I take that back.

301
00:10:56,801 --> 00:10:58,954
My youngest daughter was with the neighbor's kids.

302
00:10:59,114 --> 00:11:00,470
You're playing a car game right next door.

303
00:11:00,629 --> 00:11:02,065
They were, like, main friends and so Okay.

304
00:11:02,399 --> 00:11:04,224
Was talking with the neighbor. Nice guy. Right?

305
00:11:04,621 --> 00:11:06,367
And we're chi chatting, and it's coming out

306
00:11:06,367 --> 00:11:07,320
at about 10:00,

307
00:11:08,034 --> 00:11:09,622
and his wife had come out. We were

308
00:11:09,622 --> 00:11:12,020
just also chatting a little bit. I and

309
00:11:12,020 --> 00:11:13,532
all of a sudden everything is real nervous.

310
00:11:13,771 --> 00:11:16,500
The dogs are kinda starting to bark. And

311
00:11:17,273 --> 00:11:18,808
I hear the

312
00:11:19,356 --> 00:11:22,215
the neighbors say, she his wife says to,

313
00:11:22,374 --> 00:11:24,041
like, that's a mountain lion.

314
00:11:24,756 --> 00:11:26,503
She just kinda grabs the kids and just

315
00:11:26,503 --> 00:11:29,083
usher him into the trailer, and then my

316
00:11:29,141 --> 00:11:31,133
kid goes, okay. And know, they're okay. And

317
00:11:31,133 --> 00:11:34,001
so in she goes, and I'm standing there

318
00:11:34,001 --> 00:11:34,501
with

319
00:11:35,037 --> 00:11:35,537
the

320
00:11:35,928 --> 00:11:38,234
this other fella. I don't see him, but

321
00:11:38,234 --> 00:11:39,427
she's like, I just walked right by.

322
00:11:40,143 --> 00:11:42,608
And so for whatever reason, I reached down

323
00:11:42,608 --> 00:11:43,903
and there was like, a long

324
00:11:44,215 --> 00:11:46,054
it's not a stick. It's actually like a

325
00:11:46,054 --> 00:11:48,615
like a 2 by 2 board. Kinda like

326
00:11:48,615 --> 00:11:50,695
like a like a stick. Like, it was

327
00:11:50,695 --> 00:11:52,455
a heavy duty stick, like a baseball that

328
00:11:52,455 --> 00:11:53,902
kind of thing It was partially burned on

329
00:11:53,902 --> 00:11:55,567
the end, but it was, you know, 3

330
00:11:55,567 --> 00:11:56,201
4 feet long.

331
00:11:56,835 --> 00:11:58,738
And so I reached down and picked this

332
00:11:58,738 --> 00:11:59,214
thing up,

333
00:11:59,848 --> 00:12:02,087
and sure enough, right across me and it's

334
00:12:02,087 --> 00:12:04,951
probably 35 feet away. This mountain lion walks

335
00:12:04,951 --> 00:12:06,303
up and I see it silhouette and it

336
00:12:06,303 --> 00:12:07,735
turns and stares at me for a second.

337
00:12:08,626 --> 00:12:10,778
And I don't have a panic response at

338
00:12:10,778 --> 00:12:12,452
all. I look at this thing and think,

339
00:12:12,691 --> 00:12:13,966
do you really want a tango?

340
00:12:14,764 --> 00:12:15,003
Cool.

341
00:12:15,974 --> 00:12:17,572
That it was a... This is the part

342
00:12:17,572 --> 00:12:19,331
that it shouldn't when you talk about what

343
00:12:19,331 --> 00:12:20,689
is it a fight or flight response. I

344
00:12:20,689 --> 00:12:21,888
shoulda have, like, freaked out or how my

345
00:12:21,888 --> 00:12:22,607
heart accelerate.

346
00:12:23,326 --> 00:12:24,205
Instead, I was like,

347
00:12:25,580 --> 00:12:28,139
mountain lions. You're supposed to get big and

348
00:12:28,139 --> 00:12:29,500
make a lot of noise and that's how

349
00:12:29,500 --> 00:12:31,500
you drive them away. And I'm holding this

350
00:12:31,500 --> 00:12:33,273
stick, and I thought to myself I need

351
00:12:33,273 --> 00:12:35,025
to go beat this cat. Right? Like,

352
00:12:36,140 --> 00:12:36,299
it's

353
00:12:37,016 --> 00:12:37,972
you need to do what?

354
00:12:38,768 --> 00:12:40,600
I said I wanna abuse animals. Right? But

355
00:12:40,759 --> 00:12:42,129
I'm like, we're in a campground grab. Full

356
00:12:42,129 --> 00:12:43,887
of kids and stuff. Somebody better scare this

357
00:12:43,887 --> 00:12:45,724
thing away. Mh. I'm the most reasonable guy

358
00:12:45,724 --> 00:12:47,402
to do it. And I was just like,

359
00:12:47,641 --> 00:12:49,993
I better approach this cat. And and

360
00:12:50,371 --> 00:12:51,968
it just kept walking, and I went I

361
00:12:51,968 --> 00:12:53,085
look at ford and never saw it.

362
00:12:53,804 --> 00:12:55,400
But, you know, I walked out, kinda carrying

363
00:12:55,400 --> 00:12:58,009
my club, like, a caveman or something. So

364
00:12:58,449 --> 00:13:00,047
I don't think that makes me more intelligent

365
00:13:00,047 --> 00:13:01,326
by the way. I think... It... But it

366
00:13:01,326 --> 00:13:03,403
is interesting to see how we processes. My

367
00:13:03,403 --> 00:13:05,880
logic center was working with fight flight saying,

368
00:13:06,535 --> 00:13:07,355
you better

369
00:13:07,815 --> 00:13:09,654
drive this thing out of camp? It's inch...

370
00:13:09,894 --> 00:13:11,975
It would be interesting to kinda like, parallel

371
00:13:11,975 --> 00:13:13,815
that too. How does your mind work in

372
00:13:13,815 --> 00:13:15,894
regards to the market when things are really

373
00:13:15,894 --> 00:13:18,703
stressed. And really going ride? It's like, how

374
00:13:18,703 --> 00:13:20,778
does that fight or flight relate to the

375
00:13:20,778 --> 00:13:21,178
markets?

376
00:13:21,657 --> 00:13:24,370
So super interesting. We're super not prep for

377
00:13:24,370 --> 00:13:26,294
this? But because I've done some research in

378
00:13:26,294 --> 00:13:28,201
the past. Okay. Let's come back to this.

379
00:13:28,360 --> 00:13:30,505
We're running long first segment. Okay. Give me

380
00:13:30,505 --> 00:13:30,903
a favor.

381
00:13:31,539 --> 00:13:33,940
Let's stick around. We'll grab a break, When

382
00:13:33,940 --> 00:13:36,179
we come back, I wanna talk a little

383
00:13:36,179 --> 00:13:38,419
bit about the fight flight response or what

384
00:13:38,419 --> 00:13:40,819
we call the stress response and how it

385
00:13:40,819 --> 00:13:43,473
can adversely affect investment. Decision. Let's do that.

386
00:13:43,712 --> 00:13:45,149
Alright. Stick around will be right back. I'm

387
00:13:45,228 --> 00:13:46,745
Dave Little john, Am semantics and... And you

388
00:13:46,745 --> 00:13:48,740
got true wealth. On news radio 93 9

389
00:13:48,740 --> 00:13:50,596
fm fam and 12:40. K.

390
00:13:51,308 --> 00:13:52,903
Alright. I guess we're back, Matt. Hey,

391
00:13:53,701 --> 00:13:56,094
just reminder, grabbed the podcast, there's gonna be

392
00:13:56,094 --> 00:13:57,769
a gap too. I just realized, like, we're

393
00:13:57,769 --> 00:13:59,204
were, like, some our video may be off

394
00:13:59,204 --> 00:14:00,082
that segment. But

395
00:14:01,373 --> 00:14:02,731
because you'd get the rest of the story

396
00:14:02,731 --> 00:14:03,449
about the Mountain lion.

397
00:14:04,806 --> 00:14:07,063
The audio will be there. Yeah. But

398
00:14:07,920 --> 00:14:09,995
the and the weird end of of the

399
00:14:09,995 --> 00:14:11,526
stories is. I'm you know, out there looking

400
00:14:11,526 --> 00:14:13,121
for it, but the dogs at Gone hit

401
00:14:13,121 --> 00:14:15,773
it it had left. We did some research

402
00:14:16,150 --> 00:14:18,224
in office. Right? And what we find. Like,

403
00:14:18,383 --> 00:14:19,122
in the last

404
00:14:19,914 --> 00:14:21,832
Hundred years. There's only been like 20 Mountain

405
00:14:21,832 --> 00:14:24,709
lion attacks. It's something really low. Really uncommon.

406
00:14:25,029 --> 00:14:25,269
Yeah.

407
00:14:26,227 --> 00:14:28,305
It it it really... Or or, like, maybe

408
00:14:28,305 --> 00:14:30,157
it wasn't that low. Like a hundred attacks

409
00:14:30,157 --> 00:14:32,789
in the last 20 years. Total. Yeah. It's

410
00:14:32,789 --> 00:14:36,218
an extremely low incidents that almost always the

411
00:14:36,218 --> 00:14:38,372
mountain lion. You should be more terrified of

412
00:14:38,372 --> 00:14:40,540
being in a car act. Accident. Oh way

413
00:14:40,540 --> 00:14:42,375
more. Yeah. I mean, you're probably more likely

414
00:14:42,375 --> 00:14:44,209
to have a shark attack. And that's, like

415
00:14:44,209 --> 00:14:45,645
you're more likely to be struck by lightning

416
00:14:45,645 --> 00:14:47,639
than be but by a shark. Mh. Like

417
00:14:47,639 --> 00:14:49,567
just crazy stats like that. But whatever.

418
00:14:51,712 --> 00:14:52,212
What

419
00:14:52,586 --> 00:14:54,493
when we... You asked me to had a

420
00:14:54,493 --> 00:14:56,241
question for you. Online. You know, you've got

421
00:14:56,241 --> 00:14:59,054
this fight flight response. And in your instance,

422
00:14:59,375 --> 00:15:00,914
more often than not, your

423
00:15:01,294 --> 00:15:04,350
initial reaction is the fight response. But how

424
00:15:04,350 --> 00:15:07,169
does that you know, kinda correlate some maybe

425
00:15:07,549 --> 00:15:10,429
behavior regarding the stock market? Like, you know,

426
00:15:10,509 --> 00:15:12,429
for the person who has more of that

427
00:15:12,429 --> 00:15:15,322
bite response. How does that kinda correlate to

428
00:15:15,322 --> 00:15:17,640
your behavior? Sure. And maybe we need to

429
00:15:17,640 --> 00:15:19,398
expand on the response just a little bit

430
00:15:19,398 --> 00:15:22,036
too. Not everything's a fight or flight in

431
00:15:22,036 --> 00:15:23,646
the traditional sense. Right Mh.

432
00:15:24,917 --> 00:15:27,699
What I tend to become is very, very

433
00:15:27,699 --> 00:15:28,199
clinical

434
00:15:28,652 --> 00:15:31,372
under high stress. Okay. Right K? And so

435
00:15:31,372 --> 00:15:33,127
a lot of the motions that make me

436
00:15:33,127 --> 00:15:35,679
seem kind of, you know, friendly or more

437
00:15:35,679 --> 00:15:38,152
engaging, kind of disappear and I become a

438
00:15:38,152 --> 00:15:39,268
drill sergeant. So you would have been a

439
00:15:39,268 --> 00:15:39,826
good surgeon.

440
00:15:40,797 --> 00:15:43,496
Possibly. Right? I'm just thinking about the the

441
00:15:43,496 --> 00:15:44,925
examples I have are usually things like, you,

442
00:15:45,004 --> 00:15:46,750
you're driving on the freeway you hit black

443
00:15:46,750 --> 00:15:47,250
ice

444
00:15:47,624 --> 00:15:50,103
and, you know, do you freak out and

445
00:15:50,103 --> 00:15:52,336
start yank the car around. Mh. I I

446
00:15:52,336 --> 00:15:54,432
do not. I get really, really,

447
00:15:55,288 --> 00:15:58,413
like, like, I dialed Super super focused. Everything

448
00:15:58,413 --> 00:16:00,646
goes into slow motion. All the moves become

449
00:16:00,646 --> 00:16:03,516
very, very sensitive. So there's very little over

450
00:16:03,516 --> 00:16:04,792
correction and such in that case.

451
00:16:06,084 --> 00:16:08,641
And and I have, like, actual thoughts about

452
00:16:08,641 --> 00:16:10,478
physics and so forth. Like, oh, you're sliding

453
00:16:10,478 --> 00:16:11,837
well you need to make sure that you

454
00:16:11,837 --> 00:16:14,087
stay on the direction or the that you're

455
00:16:14,087 --> 00:16:16,156
already in until you gain traction because you're

456
00:16:16,156 --> 00:16:17,134
not gonna have adequate

457
00:16:18,145 --> 00:16:19,737
friction in order to establish grip in order

458
00:16:19,737 --> 00:16:22,204
to get course credit. And like thinking this

459
00:16:22,204 --> 00:16:22,840
while it's happening?

460
00:16:23,334 --> 00:16:25,034
I go, like this, like, super

461
00:16:25,654 --> 00:16:27,014
detailed problem solve mode.

462
00:16:27,654 --> 00:16:30,375
And then once it's over, the flood of

463
00:16:30,375 --> 00:16:32,228
adrenaline hit. And then it's, like, you know,

464
00:16:32,388 --> 00:16:34,166
you become kind of a jelly mess afterwards.

465
00:16:35,105 --> 00:16:37,821
But in the moment, super hyper focused. Yeah.

466
00:16:38,300 --> 00:16:38,540
So...

467
00:16:39,432 --> 00:16:41,260
But not everybody has that response. Some people

468
00:16:41,260 --> 00:16:42,714
they have rebooted just, like scream

469
00:16:43,168 --> 00:16:44,996
and lose it. Right? And it just... There's

470
00:16:44,996 --> 00:16:47,221
a spectrum and you don't necessarily know until

471
00:16:47,221 --> 00:16:49,619
you've experienced it. Mh. So I bet you've

472
00:16:49,619 --> 00:16:53,532
seen investors who are the type that just

473
00:16:53,588 --> 00:16:56,604
freak out wig out or, like, an emotional

474
00:16:56,604 --> 00:16:59,084
puddle. And then people who are like, we

475
00:16:59,084 --> 00:17:00,038
gotta do something.

476
00:17:00,595 --> 00:17:02,504
Do you know talk about, like, a little

477
00:17:02,504 --> 00:17:04,668
bit of a comparison there. Yeah. It's... Funny

478
00:17:04,668 --> 00:17:06,739
2 because you you look at the time

479
00:17:06,739 --> 00:17:07,239
horizon

480
00:17:07,854 --> 00:17:10,164
too. Right? Mh Some decisions have to be

481
00:17:10,164 --> 00:17:11,041
made in an instant.

482
00:17:11,772 --> 00:17:14,078
Yeah. And those... There's not a whole lot

483
00:17:14,078 --> 00:17:15,827
of time too things. So sometimes it's just

484
00:17:15,827 --> 00:17:16,305
a reaction.

485
00:17:17,100 --> 00:17:19,168
At this is where I would say, are...

486
00:17:20,139 --> 00:17:22,380
Biological systems are designed for shortcuts.

487
00:17:23,019 --> 00:17:24,700
Right? If you touch a hot stove, you

488
00:17:24,700 --> 00:17:26,619
don't think about pulling your hand back, that's

489
00:17:26,619 --> 00:17:29,421
too slow. There's an immediate reaction to pull

490
00:17:29,421 --> 00:17:30,136
away from pain.

491
00:17:30,851 --> 00:17:31,351
And

492
00:17:31,726 --> 00:17:33,712
sometimes you can step into something else that

493
00:17:33,712 --> 00:17:36,824
hurts also, which is not good, but it's

494
00:17:36,824 --> 00:17:37,642
a programmed

495
00:17:38,014 --> 00:17:40,077
response to get your hand off the hot

496
00:17:40,077 --> 00:17:42,141
stove as quickly as possible to minimize damage.

497
00:17:42,473 --> 00:17:43,845
Mh You're sacrificing

498
00:17:44,932 --> 00:17:46,359
accuracy in the decision for speed.

499
00:17:47,311 --> 00:17:49,715
Okay? And so our system has a biology

500
00:17:49,929 --> 00:17:51,238
to do that. To sacrifice

501
00:17:51,693 --> 00:17:52,250
accuracy for speed.

502
00:17:52,966 --> 00:17:56,468
The problem lies in slower paced decisions that

503
00:17:56,468 --> 00:17:59,351
happen under really high stress k? Now, I'm

504
00:17:59,351 --> 00:18:00,945
not a biologist, but I stayed at a

505
00:18:00,945 --> 00:18:02,381
high like a holiday express.

506
00:18:04,454 --> 00:18:07,346
These hormone that's generated when you're under stress

507
00:18:07,659 --> 00:18:09,809
over time is something called cortisol.

508
00:18:10,208 --> 00:18:10,686
Right? K?

509
00:18:11,562 --> 00:18:12,062
And

510
00:18:12,438 --> 00:18:13,894
long term stress

511
00:18:15,085 --> 00:18:17,244
has lots of biological effects. But in the

512
00:18:17,244 --> 00:18:19,244
intermediate like, when you're under stress and you're

513
00:18:19,244 --> 00:18:21,940
trying to make a decision, it can become

514
00:18:22,217 --> 00:18:22,717
biologically

515
00:18:24,122 --> 00:18:24,622
improbable.

516
00:18:25,312 --> 00:18:27,851
I mean, notice that term, right? Improbable, not

517
00:18:27,851 --> 00:18:28,962
impossible, but improbable,

518
00:18:29,770 --> 00:18:32,624
to use the logic function of your brain.

519
00:18:33,099 --> 00:18:35,557
Right. Because the cortisol in your system is

520
00:18:35,557 --> 00:18:39,079
causing you to that well stress response is

521
00:18:39,079 --> 00:18:41,399
essentially keeping you in a fight flight, and

522
00:18:41,399 --> 00:18:43,559
you're doing the best you can to maintain

523
00:18:43,559 --> 00:18:46,847
stability in an stable environment. Mh. And long

524
00:18:46,847 --> 00:18:49,234
term stress like that wears on the body,

525
00:18:49,394 --> 00:18:51,304
and but it it makes decision making very

526
00:18:51,304 --> 00:18:54,169
difficult. Right? When you're scared, it's hard to

527
00:18:54,169 --> 00:18:57,877
make good decisions. Right? You become less rational

528
00:18:58,096 --> 00:19:00,173
when you're when you're really stressed and fear

529
00:19:00,173 --> 00:19:02,730
is a big 1. And markets tend to

530
00:19:02,730 --> 00:19:05,141
produce fears. Right? Stock markets can be very

531
00:19:05,141 --> 00:19:07,695
scary. Things are going down. It generates a

532
00:19:07,695 --> 00:19:09,632
stress response. And what do you do? You

533
00:19:10,249 --> 00:19:13,159
can you you skip the logic center. Sacrifice

534
00:19:13,778 --> 00:19:16,016
accuracy, Mh. For speed because of fear.

535
00:19:17,534 --> 00:19:17,774
Right?

536
00:19:18,493 --> 00:19:20,971
That with investors can create all kinds of

537
00:19:20,971 --> 00:19:24,022
havoc because like, a panic selling moment Example.

538
00:19:24,262 --> 00:19:27,458
Panic selling is is the example. Right? I'm

539
00:19:27,458 --> 00:19:29,216
doing the opposite of what I should be

540
00:19:29,216 --> 00:19:32,022
doing because I can't use the rational parts

541
00:19:32,022 --> 00:19:33,057
of my brain right now.

542
00:19:33,774 --> 00:19:34,752
I just need

543
00:19:35,128 --> 00:19:36,881
resolution and this pain to stop.

544
00:19:37,454 --> 00:19:38,409
Mh. K?

545
00:19:39,365 --> 00:19:40,343
That's a challenge

546
00:19:40,719 --> 00:19:43,028
because oftentimes the opportunities are in the highest

547
00:19:43,028 --> 00:19:44,622
stress. Mh. K?

548
00:19:45,338 --> 00:19:45,577
Now...

549
00:19:46,947 --> 00:19:49,419
Let me give you another example. Talked about

550
00:19:49,419 --> 00:19:50,694
this on the show before. If you've been

551
00:19:50,694 --> 00:19:52,289
a long listener. You've heard this.

552
00:19:53,884 --> 00:19:54,384
Firefighters.

553
00:19:55,652 --> 00:19:56,152
K.

554
00:19:56,527 --> 00:19:57,720
So, Matt, if you were,

555
00:19:58,435 --> 00:20:00,105
had our house on fire, and we decided

556
00:20:00,105 --> 00:20:01,775
to grab the garden hose and run inside.

557
00:20:02,014 --> 00:20:02,491
What happens?

558
00:20:03,048 --> 00:20:03,286
Well,

559
00:20:04,019 --> 00:20:05,615
we're probably not gonna make it out of

560
00:20:05,615 --> 00:20:08,590
the house because we're either gonna get smoke

561
00:20:08,648 --> 00:20:10,884
inhalation and fall on the floor or the

562
00:20:10,884 --> 00:20:12,480
heat or flame is gonna get us and

563
00:20:12,480 --> 00:20:16,171
we're toast. Yes. Right? Probability of success extremely

564
00:20:16,171 --> 00:20:17,929
low. Despite what the movies would have you

565
00:20:17,929 --> 00:20:19,288
believe, you can't run it and save your

566
00:20:19,288 --> 00:20:20,966
pet or something like, you died with them.

567
00:20:21,206 --> 00:20:21,445
Yep.

568
00:20:22,898 --> 00:20:25,211
Firefighter shows up and knows the same thing.

569
00:20:25,529 --> 00:20:28,640
What happens? They're gonna most likely walk out

570
00:20:28,640 --> 00:20:30,713
just fine because they've got the suit to

571
00:20:30,713 --> 00:20:32,723
protect them from the flame. They know at

572
00:20:32,723 --> 00:20:34,321
what temperature they can be in there for

573
00:20:34,321 --> 00:20:35,680
the, you know, a certain amount of time.

574
00:20:35,839 --> 00:20:37,837
They've got a watch. They've got people watching

575
00:20:37,837 --> 00:20:39,355
the fire from the outside.

576
00:20:39,849 --> 00:20:41,760
They have an oxygen tank, so they're not

577
00:20:41,760 --> 00:20:44,627
breathing of smoke. They have way more advantages

578
00:20:44,627 --> 00:20:46,857
than you do. So... And what you just

579
00:20:46,857 --> 00:20:48,211
described is they have a whole bunch of

580
00:20:48,211 --> 00:20:50,218
tools. Mh. But you know what else they

581
00:20:50,218 --> 00:20:51,015
have? Training,

582
00:20:51,573 --> 00:20:52,073
training.

583
00:20:52,529 --> 00:20:54,464
Yep. That is huge

584
00:20:55,000 --> 00:20:56,116
because they...

585
00:20:56,608 --> 00:20:59,311
Can go into a high stress response environment,

586
00:20:59,947 --> 00:21:01,855
still experience the same stress that the rest

587
00:21:01,855 --> 00:21:04,081
of us would, but their training is able

588
00:21:04,081 --> 00:21:06,322
to take over. Mh. And it helps them

589
00:21:06,322 --> 00:21:08,390
they have trained to make the right decisions

590
00:21:08,390 --> 00:21:09,106
in that environment.

591
00:21:09,663 --> 00:21:11,652
I like is 1 of the huge differences.

592
00:21:11,811 --> 00:21:14,610
Yeah. And I feel like that really translates

593
00:21:14,610 --> 00:21:16,757
over into our field of work. Right? Like,

594
00:21:16,916 --> 00:21:17,893
you have seen

595
00:21:18,268 --> 00:21:20,654
the dot com bubble. You have seen the,

596
00:21:20,814 --> 00:21:21,211
you know,

597
00:21:21,783 --> 00:21:24,572
housing collapse in o 8. You have seen

598
00:21:24,731 --> 00:21:26,984
Covid. You've seen a lot of these different

599
00:21:27,679 --> 00:21:30,164
pullback in the market, And, you know, if

600
00:21:30,164 --> 00:21:32,555
we happen to get another 1, it's probably

601
00:21:32,555 --> 00:21:34,388
not gonna phase you the same way that

602
00:21:34,388 --> 00:21:36,141
someone has only seen it 1 time.

603
00:21:36,713 --> 00:21:38,063
Well, and, you know what I mean? I

604
00:21:38,063 --> 00:21:40,446
think that's true and to layer further into

605
00:21:40,446 --> 00:21:40,946
this

606
00:21:41,718 --> 00:21:42,353
illustration. K?

607
00:21:44,118 --> 00:21:45,951
So Matt, you don't have as many years

608
00:21:45,951 --> 00:21:47,647
scenario experience. However,

609
00:21:48,263 --> 00:21:48,423
k?

610
00:21:49,539 --> 00:21:51,611
There's another example. Let's not talk about fires

611
00:21:51,611 --> 00:21:53,700
for minute. For for the moment. Let's talk

612
00:21:53,700 --> 00:21:55,055
about surgeons. Mh.

613
00:21:56,411 --> 00:21:59,282
There's typically a rule that says, a surgeon

614
00:21:59,282 --> 00:22:02,086
cannot operate on their own family members Right?

615
00:22:02,563 --> 00:22:03,516
Why do you think that is?

616
00:22:04,548 --> 00:22:07,805
You're too emotionally involved in the process. Right.

617
00:22:08,043 --> 00:22:10,743
Yeah. Right. Your judgment gets compromised because you're

618
00:22:10,743 --> 00:22:13,613
too close. Mh. Right? And so there needs

619
00:22:13,613 --> 00:22:15,222
to be some clinical detachment

620
00:22:15,594 --> 00:22:17,892
where Matthew with... You may not have the

621
00:22:17,892 --> 00:22:20,058
same... Just I made it I call Mad

622
00:22:20,058 --> 00:22:21,496
all the time. Even then, like, all of

623
00:22:21,496 --> 00:22:23,414
his stuff everywhere Matthew. Right? This makes it

624
00:22:23,414 --> 00:22:24,932
sound like I'm being all paid, you know,

625
00:22:25,492 --> 00:22:27,430
patronizing her No. I'll take it. I'll take

626
00:22:27,663 --> 00:22:29,912
I... So Matt. Yeah. When

627
00:22:30,922 --> 00:22:33,783
you you consider as a professional. Mh. The

628
00:22:33,783 --> 00:22:36,025
advantage that you have... Is that you're looking

629
00:22:36,025 --> 00:22:37,616
at this all of the time, it's not...

630
00:22:37,775 --> 00:22:39,765
You don't experience the same level stress because

631
00:22:39,765 --> 00:22:41,833
you have this high degree of familiarity. Mh.

632
00:22:42,072 --> 00:22:43,743
Even though you haven't been through the same

633
00:22:43,743 --> 00:22:45,753
cycles that I have you studied them. Yeah.

634
00:22:46,073 --> 00:22:48,171
Right It's true. You have other

635
00:22:48,630 --> 00:22:51,268
teammates that you can turn to to check

636
00:22:51,268 --> 00:22:52,946
your thinking. Mh. Right?

637
00:22:53,665 --> 00:22:56,326
And and you are clinically

638
00:22:56,699 --> 00:22:57,095
detached.

639
00:22:57,888 --> 00:23:00,505
True. Right? And so Yeah. It gives you

640
00:23:00,505 --> 00:23:03,381
the ability or or the higher probability of

641
00:23:03,381 --> 00:23:04,838
getting back into that logic

642
00:23:05,615 --> 00:23:07,768
decision matrix as opposed to the fight flight

643
00:23:07,768 --> 00:23:10,400
response. Yeah. Right? Even if you are stressed

644
00:23:10,400 --> 00:23:11,916
out in another area of your life,

645
00:23:12,649 --> 00:23:14,564
this area that you're trained for in clinical

646
00:23:14,564 --> 00:23:16,240
it, you can do really well in. Right?

647
00:23:16,479 --> 00:23:19,432
Right? And so therein lies the challenge for,

648
00:23:19,911 --> 00:23:22,236
I think all of our listeners out there

649
00:23:22,236 --> 00:23:23,771
and everybody that's an investor

650
00:23:24,385 --> 00:23:26,694
is especially, like, especially the person who's doing

651
00:23:26,694 --> 00:23:29,180
it themselves. They only have themselves to listen

652
00:23:29,180 --> 00:23:31,820
to. They don't have another opinion, and they

653
00:23:31,820 --> 00:23:33,279
are super personally

654
00:23:33,660 --> 00:23:37,190
invested because it's your money. Right. It's it's

655
00:23:37,190 --> 00:23:38,704
all of the things. Right? If you Yeah.

656
00:23:38,863 --> 00:23:40,535
If you lack lots of training,

657
00:23:41,412 --> 00:23:44,279
and you are emotionally close to it, then

658
00:23:44,279 --> 00:23:44,836
you are...

659
00:23:45,569 --> 00:23:46,390
Less likely

660
00:23:46,929 --> 00:23:49,730
to be objective in all decisions. Yes. That

661
00:23:49,730 --> 00:23:51,649
does not mean you can't be. Right? And

662
00:23:51,649 --> 00:23:53,424
their personality comes into play for all of

663
00:23:53,424 --> 00:23:55,261
this and aptitude and skill level and so.

664
00:23:55,421 --> 00:23:57,099
So there's... There's a lot of things to

665
00:23:57,099 --> 00:23:59,735
consider in this 1. Right? You. You'll notice

666
00:23:59,735 --> 00:24:01,348
on this show Rarely, am are you gonna

667
00:24:01,348 --> 00:24:03,026
hear me say, you know what? You guys

668
00:24:03,026 --> 00:24:04,944
better gotten in higher pro because you're incompetent.

669
00:24:05,423 --> 00:24:07,821
Hey. That's a fear tactic. Sure. Yeah I'm

670
00:24:07,821 --> 00:24:10,153
not interested in that. Right? That's that's not

671
00:24:10,153 --> 00:24:11,910
what we do here. We're about educating on

672
00:24:11,910 --> 00:24:13,109
how to do this, but you do need

673
00:24:13,109 --> 00:24:13,848
to know

674
00:24:14,307 --> 00:24:16,145
where the potential chin in the armor are.

675
00:24:16,718 --> 00:24:19,670
So that you can prep yourself properly. Right?

676
00:24:19,909 --> 00:24:21,823
Get better trained if you're gonna do this

677
00:24:21,823 --> 00:24:24,296
yourself. Right? Mh. Find ways to step back

678
00:24:24,296 --> 00:24:25,811
and make sure that the, you know, give

679
00:24:25,811 --> 00:24:28,484
yourself an opportunity to pump the brakes on

680
00:24:28,544 --> 00:24:31,265
decisions and try to bring logic back in

681
00:24:31,265 --> 00:24:33,984
as much as possible and not be emotionally

682
00:24:33,984 --> 00:24:37,432
reactive. Right? Right? And so I think that's

683
00:24:37,432 --> 00:24:39,667
the step. So all of this frame up

684
00:24:39,667 --> 00:24:42,061
now, we can go back to our original

685
00:24:42,061 --> 00:24:42,540
question.

686
00:24:43,034 --> 00:24:45,292
Which is should you be afraid and fearful

687
00:24:45,431 --> 00:24:47,449
about What happened after this

688
00:24:48,787 --> 00:24:50,326
debate. Mh. What

689
00:24:51,197 --> 00:24:52,705
what is the market got it been do

690
00:24:52,705 --> 00:24:53,261
now. Right?

691
00:24:53,975 --> 00:24:55,007
And to me,

692
00:24:55,960 --> 00:24:58,286
it's a fun and interesting question because

693
00:24:59,471 --> 00:25:02,022
more questions were created than were answered? Yeah.

694
00:25:02,580 --> 00:25:02,819
So...

695
00:25:03,616 --> 00:25:04,732
But can we answer them?

696
00:25:05,769 --> 00:25:06,805
Maybe, maybe.

697
00:25:07,376 --> 00:25:10,234
Maybe. I think we're gonna take a stab

698
00:25:10,234 --> 00:25:11,822
at it. Okay. As I look at the

699
00:25:11,822 --> 00:25:14,283
clock, I realize we gotta take another break

700
00:25:14,283 --> 00:25:14,521
first.

701
00:25:15,330 --> 00:25:16,283
So stick around,

702
00:25:16,839 --> 00:25:18,506
again, we're not here to throw rocks at

703
00:25:18,506 --> 00:25:20,888
any of the candidates today, we're just gonna

704
00:25:20,888 --> 00:25:23,032
talk about. Now that everything's up in the

705
00:25:23,032 --> 00:25:23,271
air.

706
00:25:24,557 --> 00:25:26,622
What might the market be looking. And we're

707
00:25:26,622 --> 00:25:28,450
ready for it. That more. Stick will be

708
00:25:28,450 --> 00:25:30,198
back. I'm Dave Little John Matt dixon, and

709
00:25:30,198 --> 00:25:32,025
he got true wealth. On this radio 92

710
00:25:32,025 --> 00:25:34,512
9 fm them. And 12:40. K. We yeah.

711
00:25:34,752 --> 00:25:36,110
Alright welcome back to the true I'll show.

712
00:25:36,350 --> 00:25:39,326
You're you're getting tail into this conversation. We're

713
00:25:39,465 --> 00:25:39,705
sorry.

714
00:25:40,991 --> 00:25:43,212
Not sorry, Actually. Yeah when you're miss out

715
00:25:43,291 --> 00:25:45,037
Matt was asking about nuclear energy. Yeah. You

716
00:25:45,037 --> 00:25:46,386
know, we're really talking about... I,

717
00:25:47,020 --> 00:25:48,076
it was kind of a

718
00:25:49,176 --> 00:25:51,261
well, it talked about, like, our brain processing

719
00:25:51,316 --> 00:25:53,217
power and how little our brain uses and

720
00:25:53,217 --> 00:25:54,881
it's like, but look at how much Ai

721
00:25:54,881 --> 00:25:57,210
still uses. Yeah. Like energy wise. Yeah. And

722
00:25:57,210 --> 00:25:59,369
so it's like, great. If Ai is gonna

723
00:25:59,369 --> 00:26:00,490
change the world, but it needs all these

724
00:26:00,490 --> 00:26:02,250
power whereas are gonna come from. And then

725
00:26:02,250 --> 00:26:04,023
it's like, well, should it be nuclear at

726
00:26:04,023 --> 00:26:05,642
some point. Mh. And

727
00:26:06,101 --> 00:26:09,298
I think yes, is my answer. Right. But

728
00:26:09,377 --> 00:26:11,375
I'm like, but the the politics behind that

729
00:26:11,375 --> 00:26:11,855
are so,

730
00:26:12,749 --> 00:26:14,906
messy when it's like, nobody wants to deal

731
00:26:14,906 --> 00:26:16,265
with the leftovers of nuclear,

732
00:26:16,904 --> 00:26:18,902
and it's always not in my backyard kind

733
00:26:18,902 --> 00:26:21,231
of thing. See will then then wear. Mh.

734
00:26:21,788 --> 00:26:24,572
Yeah. Even would be interesting because the Us

735
00:26:24,572 --> 00:26:26,879
is needing more and more and more energy

736
00:26:26,879 --> 00:26:29,677
all the time. Like, California's grid is, like,

737
00:26:29,836 --> 00:26:31,823
desperate for more energy. They're buying it from

738
00:26:31,823 --> 00:26:34,446
other places. Yeah. And well like where is

739
00:26:34,446 --> 00:26:35,241
it gonna come from?

740
00:26:35,894 --> 00:26:37,652
I think there's multiple parts of this. I'm

741
00:26:37,652 --> 00:26:39,970
no expert in the energy component,

742
00:26:41,728 --> 00:26:42,207
but

743
00:26:42,607 --> 00:26:43,726
there are a few things that just seem

744
00:26:43,726 --> 00:26:45,978
intuitive to me. Right? 1 is we have

745
00:26:45,978 --> 00:26:46,798
this aging

746
00:26:47,576 --> 00:26:50,533
delivery infrastructure. Right? So Mh. Power is delivered

747
00:26:50,533 --> 00:26:53,330
over lines above ground or underground and so

748
00:26:53,330 --> 00:26:53,490
forth.

749
00:26:54,224 --> 00:26:54,724
And

750
00:26:55,742 --> 00:26:57,260
we don't have a lot of better alternatives

751
00:26:57,260 --> 00:26:59,258
to that right now. But what we can

752
00:26:59,258 --> 00:27:01,256
do is distribute where power is created, so

753
00:27:01,256 --> 00:27:03,743
it has to be delivered. Over shorter distances.

754
00:27:03,981 --> 00:27:06,528
Mh. And what that does is it reduces

755
00:27:06,528 --> 00:27:07,085
the burden,

756
00:27:07,722 --> 00:27:10,053
of transfer around the grid and the loss

757
00:27:10,284 --> 00:27:13,466
of power during the transfer. Mh. And by

758
00:27:13,466 --> 00:27:15,694
distributing where the power is captured or created.

759
00:27:15,853 --> 00:27:17,206
So, like, when you put solar on the

760
00:27:17,206 --> 00:27:18,740
roof of every house in California.

761
00:27:19,609 --> 00:27:20,109
Then

762
00:27:20,567 --> 00:27:23,281
you're really generating a lot of electricity that

763
00:27:23,281 --> 00:27:24,739
way, and it's a distributed

764
00:27:25,596 --> 00:27:27,911
right back into well. The you... What you're

765
00:27:27,911 --> 00:27:29,438
do is your load down the grid. Right?

766
00:27:29,676 --> 00:27:31,662
Rather than, like, creating the energy at a

767
00:27:31,662 --> 00:27:33,567
dam somewhere and then sending it 200 miles

768
00:27:33,567 --> 00:27:36,640
away. You're sending it 30 feet down bouncing

769
00:27:36,997 --> 00:27:38,584
power cords storing it into the battery until

770
00:27:38,584 --> 00:27:40,885
it gets used. Yeah. And so that what

771
00:27:40,885 --> 00:27:43,186
that does is it reduces the requirements on

772
00:27:43,186 --> 00:27:44,694
the grid to be able to move power

773
00:27:44,694 --> 00:27:45,091
around.

774
00:27:45,904 --> 00:27:48,141
So that load balancing is useful.

775
00:27:48,780 --> 00:27:51,097
Yeah. Right? And so that that's part of

776
00:27:51,097 --> 00:27:53,255
extending the life of the existing infrastructure.

777
00:27:54,230 --> 00:27:56,230
So I I see some benefits to that.

778
00:27:56,630 --> 00:27:57,130
But

779
00:27:57,590 --> 00:27:58,950
then you have to look at the cost

780
00:27:58,950 --> 00:28:00,070
of producing solar,

781
00:28:00,630 --> 00:28:02,070
and is there a net gain or not?

782
00:28:02,244 --> 00:28:03,924
Right. I only that's a 0 sum game.

783
00:28:04,565 --> 00:28:06,325
Mh right? Because well, I'm I'm know... Like,

784
00:28:06,565 --> 00:28:07,785
I'm not really a hardcore

785
00:28:08,404 --> 00:28:10,724
environmental conspiracy that believes that the world's ending

786
00:28:10,724 --> 00:28:13,444
tomorrow because of what we're doing. But I

787
00:28:13,444 --> 00:28:14,341
do think that

788
00:28:15,586 --> 00:28:17,807
when given the choice between do we put

789
00:28:17,807 --> 00:28:19,631
more carbon in the atmosphere don't we?

790
00:28:20,598 --> 00:28:22,423
I don't see a downside to reducing it.

791
00:28:23,930 --> 00:28:25,438
Right. I don't see a downside to reduce.

792
00:28:26,073 --> 00:28:27,659
I don't see a downside that keeping poison

793
00:28:27,659 --> 00:28:29,910
out of the air. Mh. So I'm okay

794
00:28:29,910 --> 00:28:31,190
with that. And I don't see a downside

795
00:28:31,190 --> 00:28:33,509
to renewable energy. It's just at some point,

796
00:28:33,670 --> 00:28:35,190
It has to be cost effective. It can't

797
00:28:35,190 --> 00:28:36,390
cost 5 times more.

798
00:28:36,963 --> 00:28:40,075
Right. For a non discernible benefit. Right? Nobody's

799
00:28:40,075 --> 00:28:41,750
gonna pay 5 times more for the same

800
00:28:41,750 --> 00:28:43,346
thing if you can't discern a benefit.

801
00:28:44,077 --> 00:28:46,455
Yeah. And you can't conjure a benefit.

802
00:28:47,090 --> 00:28:48,358
And that's the thing like you get. Well,

803
00:28:48,437 --> 00:28:50,102
there's a benefit? Is there really?

804
00:28:51,784 --> 00:28:54,279
Maybe if we do the... This sort of

805
00:28:54,817 --> 00:28:54,977
rationalization.

806
00:28:56,573 --> 00:28:58,648
Yeah. That that whole energy trend is very,

807
00:28:58,808 --> 00:29:01,374
very interesting. Yeah. Because because boy, it can

808
00:29:01,374 --> 00:29:03,362
wrap you around the axle too. Yeah. Yeah.

809
00:29:04,317 --> 00:29:07,101
But anyway, I, like, I could say things

810
00:29:07,101 --> 00:29:09,033
like, Tesla's is just a fun car to

811
00:29:09,033 --> 00:29:11,190
drive. Electric cars are super fast, and that's

812
00:29:11,190 --> 00:29:11,350
cool.

813
00:29:12,389 --> 00:29:15,880
The instant power from electricity. This wild is

814
00:29:16,078 --> 00:29:17,743
pretty sweet. Yeah. If you wanna drive a

815
00:29:17,743 --> 00:29:19,963
rocket ship cell phone, that's kinda what they

816
00:29:19,963 --> 00:29:22,580
are. Yeah. So, you know, you gotta like

817
00:29:22,580 --> 00:29:23,453
technology and toys.

818
00:29:24,183 --> 00:29:25,777
It'll be interesting to see where the battery

819
00:29:25,777 --> 00:29:28,645
technology goes because we keep getting what it

820
00:29:28,645 --> 00:29:30,977
seems like more and more breakthroughs and

821
00:29:31,608 --> 00:29:34,240
advancing the batteries, you know? And if if

822
00:29:34,240 --> 00:29:35,596
we can go away from lithium.

823
00:29:36,394 --> 00:29:36,713
I mean,

824
00:29:37,351 --> 00:29:38,888
or even just incorporate

825
00:29:40,143 --> 00:29:40,882
natural gases

826
00:29:41,274 --> 00:29:43,183
to comb combustion with electricity,

827
00:29:44,297 --> 00:29:46,547
that... That's really Just a fascinating,

828
00:29:47,478 --> 00:29:49,644
well multiple thoughts from batteries. I guess, this

829
00:29:49,644 --> 00:29:51,238
is where I like throw my ideas away,

830
00:29:51,317 --> 00:29:53,071
so I can never, like, capture them and

831
00:29:53,071 --> 00:29:54,664
utilize them pretty anything good. But Okay. Whatever.

832
00:29:54,983 --> 00:29:57,780
Someone's gonna take this. May monetize it. The,

833
00:29:57,860 --> 00:29:59,685
you know, the first is, course, you want

834
00:29:59,685 --> 00:30:02,622
batteries that you can charge really rapidly. Right

835
00:30:02,622 --> 00:30:04,710
right? Ideally, you could use common

836
00:30:05,338 --> 00:30:08,126
available elements. Right? So not rare earth stuff,

837
00:30:08,525 --> 00:30:09,321
common elements.

838
00:30:09,879 --> 00:30:12,244
And, you know I understand that it's about

839
00:30:12,444 --> 00:30:12,944
transferring

840
00:30:13,321 --> 00:30:15,076
electrons from 1 gradient to another and then

841
00:30:15,076 --> 00:30:16,671
capturing them and as they move. It's kind

842
00:30:16,671 --> 00:30:19,404
of the idea of, you know, I think

843
00:30:19,622 --> 00:30:21,856
electrons move and that's how you get electricity

844
00:30:21,856 --> 00:30:23,546
to power something. Right?

845
00:30:24,423 --> 00:30:26,417
But it also occurred me that, you know,

846
00:30:26,497 --> 00:30:28,353
you have a battery that you

847
00:30:28,730 --> 00:30:30,245
use, it gets down to a point where

848
00:30:30,245 --> 00:30:31,920
can't deliver enough current. And then you stop

849
00:30:31,920 --> 00:30:34,085
using for a while, and it sort of

850
00:30:34,085 --> 00:30:36,234
heals a little bit. Like, it it stores

851
00:30:36,234 --> 00:30:37,348
up a little bit of a charge that

852
00:30:37,348 --> 00:30:38,622
can use it. So there's a bit of

853
00:30:38,622 --> 00:30:40,771
a capacity nature to the battery at times.

854
00:30:41,407 --> 00:30:44,078
And for I wonder if there isn't,

855
00:30:44,537 --> 00:30:45,676
some kind of

856
00:30:47,174 --> 00:30:49,891
cat style chemical reaction that would allow a

857
00:30:49,891 --> 00:30:52,300
battery that's not being. Actively drawn on to

858
00:30:52,300 --> 00:30:53,496
essentially recharge itself.

859
00:30:54,532 --> 00:30:56,047
You know, And they they've talked about,

860
00:30:57,881 --> 00:30:59,497
you know, whether you have a

861
00:31:00,368 --> 00:31:02,122
the capacitors is different than a battery. Right?

862
00:31:02,362 --> 00:31:04,356
Like, if you get us a high power

863
00:31:04,356 --> 00:31:06,190
source, but you you fill the capacitor drain

864
00:31:06,190 --> 00:31:07,546
it down and then you fill the capacitor

865
00:31:07,546 --> 00:31:09,061
back up. It's not the storage unit. It's

866
00:31:09,061 --> 00:31:09,755
a way to

867
00:31:10,510 --> 00:31:13,294
boost up the amount of amperage or the

868
00:31:13,294 --> 00:31:16,180
amount of voltage in that capacitor. So it

869
00:31:16,396 --> 00:31:17,748
but the idea that you could have a

870
00:31:17,748 --> 00:31:20,717
a chemical process that included a catalyst. Catalyst

871
00:31:20,717 --> 00:31:23,193
doesn't get consumed in the reaction. Right and

872
00:31:23,193 --> 00:31:25,351
it allows the battery to essentially recharge itself

873
00:31:25,351 --> 00:31:27,444
if it's not under load. Mh. And so

874
00:31:27,444 --> 00:31:29,125
what you'd get is an extended life of

875
00:31:29,125 --> 00:31:31,765
battery. Now I don't know the the science

876
00:31:31,765 --> 00:31:32,804
behind it I just know that, you know,

877
00:31:32,884 --> 00:31:33,924
a lot of these things start with the

878
00:31:33,924 --> 00:31:35,695
concept and then somebody gets like well, yeah,

879
00:31:35,775 --> 00:31:36,886
if you did this and this and this.

880
00:31:37,442 --> 00:31:38,632
So... But you gotta have the idea to

881
00:31:38,632 --> 00:31:40,696
throw out there. So. There you go. Yeah.

882
00:31:41,966 --> 00:31:43,474
The silly idea is that show up in

883
00:31:43,474 --> 00:31:45,002
my head. It's like You know. Right?

884
00:31:45,640 --> 00:31:47,554
Matt? Yeah. We gotta get back to Home

885
00:31:47,554 --> 00:31:49,467
base on the show. Okay. Home nuclear, but

886
00:31:49,467 --> 00:31:50,983
this was all about the... I think the

887
00:31:50,983 --> 00:31:53,476
question, now I'm gonna ask you. So

888
00:31:54,745 --> 00:31:55,245
the

889
00:31:57,057 --> 00:31:59,449
the debate that we just saw between Trump

890
00:31:59,449 --> 00:32:00,188
and Biden

891
00:32:00,645 --> 00:32:03,530
was pretty weird Right. And I think the

892
00:32:03,530 --> 00:32:05,227
big shocker was that Biden

893
00:32:05,763 --> 00:32:06,503
had some

894
00:32:06,960 --> 00:32:09,752
significant stumbles that were beyond what was typical.

895
00:32:09,991 --> 00:32:11,746
But he's he's had gas for his career.

896
00:32:12,239 --> 00:32:14,312
Right But this this looks pretty egregious. Well,

897
00:32:14,471 --> 00:32:15,450
and that's

898
00:32:15,827 --> 00:32:17,581
not as picking aside. You look at any

899
00:32:17,581 --> 00:32:19,654
news outlet. No. Yeah. I don't Don't think

900
00:32:19,654 --> 00:32:20,712
that's partisan right

901
00:32:21,739 --> 00:32:22,216
conversation is,

902
00:32:22,851 --> 00:32:24,837
Biden looked disoriented,

903
00:32:25,235 --> 00:32:28,492
tired. He wasn't tracking well. He wasn't actually

904
00:32:28,492 --> 00:32:30,653
answering questions. Higher and so it brought up

905
00:32:30,653 --> 00:32:32,720
the concern. Yeah. Is he fit for another

906
00:32:32,720 --> 00:32:34,230
4 years. And I think that's a really

907
00:32:34,230 --> 00:32:36,217
reasonable question to ask. And that's...

908
00:32:36,932 --> 00:32:38,045
You, you're really...

909
00:32:39,332 --> 00:32:40,525
You took where I was going with it

910
00:32:40,525 --> 00:32:41,878
to where I hoped you would too, which

911
00:32:41,878 --> 00:32:44,582
is let's not... I'm not throwing rocks, Biden

912
00:32:44,582 --> 00:32:46,730
here, but let's just play out what the

913
00:32:46,730 --> 00:32:49,531
market's asking now. Mh. The market's asking itself,

914
00:32:49,929 --> 00:32:50,646
based on this,

915
00:32:52,159 --> 00:32:54,866
how do I handicap particular things. 1 thing

916
00:32:54,866 --> 00:32:57,352
that is now introduced is, Will Biden be

917
00:32:57,352 --> 00:33:00,945
the eventual candidate. Mh. K? And so that's

918
00:33:00,945 --> 00:33:03,100
a yes or no question. Right? And then...

919
00:33:03,260 --> 00:33:04,777
But if the... So the answer is yes,

920
00:33:04,937 --> 00:33:05,815
then will he win?

921
00:33:06,708 --> 00:33:08,701
K? So there's questions. Kind of scenario 1.

922
00:33:09,020 --> 00:33:11,892
Like, and so playing into scenario 1. Scenario

923
00:33:11,892 --> 00:33:13,726
1 is he wins the election. Right? Correct.

924
00:33:14,045 --> 00:33:15,720
Okay. Scenario scenario 2,

925
00:33:16,613 --> 00:33:18,128
he loses the election,

926
00:33:19,006 --> 00:33:20,441
and we're assuming Trump went.

927
00:33:21,239 --> 00:33:24,509
Right. I... But scenario 3 and and 4

928
00:33:24,509 --> 00:33:26,758
in Infinity beyond it. Well, I say let's

929
00:33:26,758 --> 00:33:29,072
just go to scenario 3 and say someone

930
00:33:29,072 --> 00:33:31,966
else runs in his place and wins. And

931
00:33:32,184 --> 00:33:35,650
Biden steps out or is replaced. In candidate

932
00:33:35,707 --> 00:33:38,256
3 wins. Right. And then you say, who's

933
00:33:38,256 --> 00:33:40,406
the candidate? What are the what are the

934
00:33:40,406 --> 00:33:42,849
ongoing policies that show up as a result

935
00:33:42,969 --> 00:33:44,638
and how does the market digest those? Right?

936
00:33:44,955 --> 00:33:46,965
There are things that are still very difficult

937
00:33:47,022 --> 00:33:50,041
to handicap right now? Right. And if you're

938
00:33:50,041 --> 00:33:52,441
wondering were there be going with this we're

939
00:33:52,441 --> 00:33:55,623
we're going so relevant. Right? Well, because because

940
00:33:55,623 --> 00:33:58,168
baked into the data of this is the

941
00:33:58,168 --> 00:33:58,668
market

942
00:33:59,855 --> 00:34:02,325
seems to care less historically. Mh.

943
00:34:03,520 --> 00:34:04,020
About

944
00:34:04,476 --> 00:34:05,374
who wins

945
00:34:06,242 --> 00:34:08,862
then whether or not, it's positively Let me

946
00:34:08,862 --> 00:34:11,266
give you a stat on that. So kinda

947
00:34:11,322 --> 00:34:14,815
thinking along lines of market prediction versus reality.

948
00:34:15,148 --> 00:34:17,242
Right? Like, you go back to 2016

949
00:34:17,538 --> 00:34:20,486
when Trump won the election. That was not

950
00:34:20,486 --> 00:34:23,114
predicted. Right?? Like, they... It was... The prediction

951
00:34:23,114 --> 00:34:25,438
was Trump would lose. Buddy doesn't, he ends

952
00:34:25,438 --> 00:34:27,131
up winning. And so

953
00:34:27,506 --> 00:34:29,097
everyone thought that the markets were gonna have

954
00:34:29,097 --> 00:34:31,899
this sharp decline. Oh, my gosh. Trump won,

955
00:34:32,059 --> 00:34:32,937
here goes the market.

956
00:34:33,816 --> 00:34:36,053
Reality, the S and p ended up almost

957
00:34:36,053 --> 00:34:39,184
12 percent that year. Right? Right. And then

958
00:34:39,184 --> 00:34:40,702
you can even flip flop that.

959
00:34:42,380 --> 00:34:45,177
You know, we were scared back in 20

960
00:34:45,177 --> 00:34:47,575
20 that the election was gonna be contested.

961
00:34:48,388 --> 00:34:50,621
And everyone thought that the market, you know,

962
00:34:50,940 --> 00:34:53,173
would really be bothered by that.

963
00:34:54,130 --> 00:34:56,443
Nope. The S and p 500 rose nearly

964
00:34:56,443 --> 00:34:59,093
11 percent in 2 months. Following Biden victory.

965
00:35:00,211 --> 00:35:00,711
So

966
00:35:01,809 --> 00:35:04,926
maybe it doesn't matter quite as much as

967
00:35:04,926 --> 00:35:06,225
you think that it would

968
00:35:06,539 --> 00:35:10,139
Yeah, My takeaway is that it's less partisan

969
00:35:10,139 --> 00:35:10,860
than we think.

970
00:35:11,579 --> 00:35:13,360
And it's not even necessarily

971
00:35:14,460 --> 00:35:15,579
entirely about policy.

972
00:35:15,993 --> 00:35:18,772
Other than if I could develop a theme

973
00:35:18,772 --> 00:35:20,519
underneath it it's really hard to trade this

974
00:35:20,519 --> 00:35:22,425
by the way. Mh. The theme, and I'm

975
00:35:22,425 --> 00:35:23,378
not saying is accurate.

976
00:35:24,189 --> 00:35:27,706
K? Right. But the underlying theme that develops

977
00:35:27,706 --> 00:35:29,624
when you start to look at regimes.

978
00:35:30,263 --> 00:35:32,421
So that's that's maybe an a a length

979
00:35:32,421 --> 00:35:35,094
of administration, but it could... It's not just

980
00:35:35,234 --> 00:35:36,994
administrations. Like, how long a block in power?

981
00:35:37,154 --> 00:35:38,755
And what are the things that they're advocating

982
00:35:38,755 --> 00:35:40,755
for? Mh. And so you said, oh, and

983
00:35:40,755 --> 00:35:41,954
then I look at the clock and I

984
00:35:41,954 --> 00:35:42,194
realized.

985
00:35:42,849 --> 00:35:44,369
Everybody wants to know what Time. Like, what's

986
00:35:44,369 --> 00:35:44,869
the

987
00:35:45,170 --> 00:35:45,670
observation

988
00:35:46,210 --> 00:35:46,710
about

989
00:35:47,410 --> 00:35:49,090
regimes and where the market goes.

990
00:35:51,342 --> 00:35:53,249
I get something really good for you on

991
00:35:53,249 --> 00:35:54,044
that. Well,

992
00:35:54,680 --> 00:35:56,508
I'm gonna make you stick around for the

993
00:35:56,508 --> 00:35:59,290
next... Through this last spring. Okay. We'll come

994
00:35:59,290 --> 00:35:59,847
back to this.

995
00:36:00,819 --> 00:36:02,179
Here's the hint. Right?

996
00:36:03,539 --> 00:36:04,039
It

997
00:36:04,339 --> 00:36:04,839
has

998
00:36:05,380 --> 00:36:07,859
less to do with policy or less do

999
00:36:07,859 --> 00:36:08,599
with partisan,

1000
00:36:09,154 --> 00:36:10,532
then it has to do with

1001
00:36:10,911 --> 00:36:14,343
parties related to it. And it's not political

1002
00:36:14,343 --> 00:36:14,583
parties.

1003
00:36:15,221 --> 00:36:16,419
What do I mean? Stick around and I'll

1004
00:36:16,419 --> 00:36:18,015
tell you, Dave Little John. And that Dixon.

1005
00:36:18,175 --> 00:36:20,096
Yeah. True well. On news radio 92 9

1006
00:36:20,096 --> 00:36:22,319
afib. And 12:40. K. You we in. Alright.

1007
00:36:22,478 --> 00:36:23,986
Welcome back to the True well show. Dave

1008
00:36:24,304 --> 00:36:26,368
John and Matt Dixon. And just in the

1009
00:36:26,368 --> 00:36:28,215
last few minutes here, True We've been talking

1010
00:36:28,215 --> 00:36:29,815
today about all kinds of stuff. We talked

1011
00:36:29,815 --> 00:36:32,215
about decision making fight flight and using,

1012
00:36:33,815 --> 00:36:35,494
not letting emotions wag the dog of our

1013
00:36:35,494 --> 00:36:37,343
decisions. Right? And now we're on to, do...

1014
00:36:37,581 --> 00:36:39,332
Does the election matter to the stock market.

1015
00:36:39,810 --> 00:36:41,481
Right. I it, really came out of the

1016
00:36:41,481 --> 00:36:44,664
debate, which left more questions than answers in

1017
00:36:44,664 --> 00:36:45,301
terms of,

1018
00:36:45,794 --> 00:36:47,785
viability of candidates, replacement of candidates.

1019
00:36:48,422 --> 00:36:49,378
Popularity of candidates,

1020
00:36:50,733 --> 00:36:52,699
and, you know, there's still a lot of

1021
00:36:52,978 --> 00:36:53,956
questions about

1022
00:36:54,810 --> 00:36:56,243
what this election brings,

1023
00:36:56,800 --> 00:36:57,300
and

1024
00:36:57,756 --> 00:37:00,225
what I wanna share with all of our

1025
00:37:00,225 --> 00:37:00,623
listeners.

1026
00:37:01,673 --> 00:37:03,583
Is an observation I've had. Now I've been

1027
00:37:03,583 --> 00:37:04,719
a financial advisor

1028
00:37:05,731 --> 00:37:08,515
since about 2000. I actually started the industry

1029
00:37:08,515 --> 00:37:10,480
before that insurance in 99. So I've got

1030
00:37:10,758 --> 00:37:12,511
I'm I'm, like, somewhere in my 20 fifth

1031
00:37:12,511 --> 00:37:14,901
year doing this. So it's not my first

1032
00:37:14,901 --> 00:37:15,299
rodeo.

1033
00:37:17,530 --> 00:37:19,782
My observation is that markets

1034
00:37:20,174 --> 00:37:21,633
tend to go up

1035
00:37:22,252 --> 00:37:25,369
when money supply is increasing and government expenditures

1036
00:37:25,369 --> 00:37:28,565
are increasing. Mh. Okay. Markets tend to go

1037
00:37:28,565 --> 00:37:30,993
up, when there are surprises

1038
00:37:31,768 --> 00:37:32,746
in the news

1039
00:37:33,282 --> 00:37:35,990
that they didn't expect that are positive.

1040
00:37:36,483 --> 00:37:38,549
Positive surprises move markets quickly,

1041
00:37:39,185 --> 00:37:43,262
and the expansion of money supply moves market

1042
00:37:43,318 --> 00:37:43,636
slowly.

1043
00:37:45,082 --> 00:37:47,387
Right. Which is why right now as you

1044
00:37:47,387 --> 00:37:49,318
see the money supply contracting

1045
00:37:50,328 --> 00:37:51,600
with higher interest rates,

1046
00:37:52,095 --> 00:37:53,695
Even though the markets are going higher,

1047
00:37:54,175 --> 00:37:57,215
the market air quote is not necessarily going

1048
00:37:57,215 --> 00:37:59,795
higher, what we have is the large cap

1049
00:37:59,855 --> 00:38:01,386
section of the market. In the S and

1050
00:38:01,386 --> 00:38:03,079
p 500, the biggest stocks

1051
00:38:03,455 --> 00:38:03,955
all

1052
00:38:04,887 --> 00:38:08,322
closely related to artificial intelligence are expanding. And

1053
00:38:08,322 --> 00:38:10,070
then the rest of them were actually pretty

1054
00:38:10,070 --> 00:38:11,737
flat and the rest of the underlying market

1055
00:38:11,737 --> 00:38:13,723
is flat to negative. So we're we're seeing,

1056
00:38:13,882 --> 00:38:15,947
like, the s the the the Dow.

1057
00:38:16,678 --> 00:38:18,273
Is up, like, 5 6 percent for the

1058
00:38:18,273 --> 00:38:19,150
year and the S and p's is up,

1059
00:38:19,229 --> 00:38:21,381
like, 16, 17 percent for year. Right. And

1060
00:38:21,381 --> 00:38:24,273
most of that has contributed to Nvidia, and

1061
00:38:25,861 --> 00:38:29,051
Microsoft Facebook. The magnificent 7 we talk about

1062
00:38:29,051 --> 00:38:30,030
has been magnificent.

1063
00:38:30,567 --> 00:38:33,061
All of those stocks are mega cap stocks

1064
00:38:33,119 --> 00:38:34,097
that are heavily

1065
00:38:34,809 --> 00:38:37,690
leveraged to artificial intelligence. Yep. I think that

1066
00:38:37,690 --> 00:38:39,930
we're seeing Ai move a lot like we

1067
00:38:39,930 --> 00:38:42,184
saw the dot com's move. It Now the

1068
00:38:42,184 --> 00:38:44,978
dot cons ended with a pretty abrupt rep

1069
00:38:44,978 --> 00:38:45,478
pricing

1070
00:38:46,095 --> 00:38:48,011
In 2000. Right? We saw the markets really

1071
00:38:48,011 --> 00:38:50,086
slide for a couple years as things were

1072
00:38:50,086 --> 00:38:50,645
rev valued.

1073
00:38:51,457 --> 00:38:52,811
There will be a point at which we

1074
00:38:52,811 --> 00:38:54,485
have peak valued Ai.

1075
00:38:55,361 --> 00:38:57,512
Yeah. And but what's interesting is that Ai

1076
00:38:57,512 --> 00:38:59,344
is such a large portion of our major

1077
00:38:59,344 --> 00:39:00,300
index in the S and p.

1078
00:39:01,112 --> 00:39:02,490
So I think it

1079
00:39:02,867 --> 00:39:04,622
makes it look like the markets are doing

1080
00:39:04,622 --> 00:39:07,095
distant disproportionately better right now and that's more

1081
00:39:07,095 --> 00:39:09,429
a circumstance of how the index is composed

1082
00:39:09,806 --> 00:39:10,306
than

1083
00:39:10,698 --> 00:39:12,206
circumstance of our total economy.

1084
00:39:12,921 --> 00:39:15,302
In which case, if we saw a contraction

1085
00:39:15,302 --> 00:39:16,176
of the money supply,

1086
00:39:16,890 --> 00:39:19,292
we could start to see a that pressure

1087
00:39:19,292 --> 00:39:20,969
the markets. Haven't seen it yet, but we

1088
00:39:20,969 --> 00:39:21,128
could.

1089
00:39:21,926 --> 00:39:23,384
Yeah. Okay. So

1090
00:39:24,321 --> 00:39:25,997
you know, look at where the money is

1091
00:39:25,997 --> 00:39:28,488
flowing and growing, and that tends to drive

1092
00:39:28,488 --> 00:39:30,964
the markets over time, but it's the surprise

1093
00:39:30,964 --> 00:39:32,882
news. If we came out tomorrow with surprise.

1094
00:39:33,041 --> 00:39:34,559
We're regulating the heck out of Ai ai,

1095
00:39:34,815 --> 00:39:36,412
I got some stats that can back you

1096
00:39:36,412 --> 00:39:38,410
up there. Oh, okay. Me. So, you know,

1097
00:39:38,809 --> 00:39:40,028
typically, Democrats

1098
00:39:40,887 --> 00:39:43,058
advocate for more increase in government. Spending. Right?

1099
00:39:43,297 --> 00:39:46,010
And Republicans are typically a little bit more,

1100
00:39:46,170 --> 00:39:46,489
you know,

1101
00:39:47,287 --> 00:39:50,000
leaning on that reducing the government spending, lowering

1102
00:39:50,000 --> 00:39:52,163
tax is right? I chuckle because neither of

1103
00:39:52,163 --> 00:39:54,231
them. It's like, we wanna spend more. And

1104
00:39:54,231 --> 00:39:55,822
then somebody else, well, we wanna spend even

1105
00:39:55,822 --> 00:39:57,586
more. Right. Like folks Okay.

1106
00:39:58,697 --> 00:40:00,839
But, you know, you start looking at it,

1107
00:40:01,791 --> 00:40:04,092
the average annual spending growth rate?

1108
00:40:04,824 --> 00:40:07,217
Actually backs that up since 19 45 to

1109
00:40:07,217 --> 00:40:07,695
20 20.

1110
00:40:08,334 --> 00:40:11,286
Democrats have bumped it up about 5.4

1111
00:40:11,286 --> 00:40:15,203
percent. Mh. Each year under their spending, whereas

1112
00:40:15,442 --> 00:40:18,069
Republicans in office tend to be about 3.2

1113
00:40:18,069 --> 00:40:19,661
percent. K. So... But...

1114
00:40:20,713 --> 00:40:22,549
But interestingly traditionally to have the market. The

1115
00:40:22,549 --> 00:40:27,020
market. So under Democrat presidents since 19 45,

1116
00:40:27,100 --> 00:40:28,936
the S and p's been up on average

1117
00:40:28,936 --> 00:40:29,655
10.8.

1118
00:40:29,829 --> 00:40:31,498
Percent whereas Republican presidents,

1119
00:40:32,055 --> 00:40:34,837
only about 5.6 percent. So it backs up

1120
00:40:34,837 --> 00:40:37,460
your theory. Right? Someone comes in, they're a

1121
00:40:37,460 --> 00:40:38,017
little bit,

1122
00:40:39,463 --> 00:40:40,653
more loose on their spending,

1123
00:40:41,368 --> 00:40:43,512
markets tend to appreciate that and you see

1124
00:40:43,512 --> 00:40:43,909
a rise.

1125
00:40:45,020 --> 00:40:47,719
So it's crazy too though because if you

1126
00:40:47,719 --> 00:40:49,969
consider when I use the term regimes.

1127
00:40:50,450 --> 00:40:50,849
Right?

1128
00:40:51,890 --> 00:40:53,570
Going back to 19 45.

1129
00:40:53,809 --> 00:40:55,969
You know, you're post world war 2. Right?

1130
00:40:56,385 --> 00:40:58,704
And you're seeing that expansion, and then you

1131
00:40:58,704 --> 00:41:00,005
go into the seventies.

1132
00:41:00,305 --> 00:41:02,144
Right? The the the late sixties through the

1133
00:41:02,144 --> 00:41:04,864
seventies and oil embargo and everything else. And

1134
00:41:04,864 --> 00:41:06,958
it's a it's a... Kind of a bizarre

1135
00:41:06,958 --> 00:41:09,355
inflationary period, then you have the reagan economics

1136
00:41:09,355 --> 00:41:11,772
period of the eighties, and then you have

1137
00:41:12,071 --> 00:41:12,311
the,

1138
00:41:14,405 --> 00:41:16,825
the kind of the the Middle East 1

1139
00:41:17,045 --> 00:41:19,365
during the nineties. Yeah. And then you had

1140
00:41:19,365 --> 00:41:20,965
the big dot com build up in the

1141
00:41:20,965 --> 00:41:24,095
late nineties, the collapse of that, the transition

1142
00:41:24,095 --> 00:41:27,382
into real estate from dot com that

1143
00:41:27,758 --> 00:41:29,032
imp in 2008.

1144
00:41:29,351 --> 00:41:30,864
And then you saw the Fed show up,

1145
00:41:31,103 --> 00:41:34,378
and we've had quantitative easing and the troubled

1146
00:41:34,378 --> 00:41:36,840
asset relief program. Remember, the tarp program of

1147
00:41:36,840 --> 00:41:38,826
o 8 was we looked at about 700000000.

1148
00:41:38,985 --> 00:41:41,623
Mh. Or 700000000000 rather. Which it's still billions

1149
00:41:41,623 --> 00:41:43,534
a lot of money. But, like, comparatively speaking,

1150
00:41:43,773 --> 00:41:46,240
then we just started printing money. All the

1151
00:41:46,240 --> 00:41:48,787
way up through Covid where we printed massive

1152
00:41:48,787 --> 00:41:51,031
money and now we're raising rates. And have

1153
00:41:51,031 --> 00:41:52,386
raised rates. Even though the long end of

1154
00:41:52,386 --> 00:41:54,059
the yield curve is still lower. So it's

1155
00:41:54,059 --> 00:41:55,175
suggesting that this is temporary.

1156
00:41:56,051 --> 00:41:58,840
So it's very interesting to see the dynamic

1157
00:41:58,840 --> 00:41:59,955
of money creation,

1158
00:42:00,689 --> 00:42:03,645
And how equities have been benefited by that.

1159
00:42:03,885 --> 00:42:06,601
And oddly during election years, you know, the

1160
00:42:06,681 --> 00:42:09,168
S and P has been... Mh positive during

1161
00:42:09,168 --> 00:42:11,474
an election year, almost a little over 7

1162
00:42:11,474 --> 00:42:14,099
percent returns during an election year. However, there

1163
00:42:14,099 --> 00:42:15,155
has been more volatility.

1164
00:42:15,689 --> 00:42:17,359
Sure. And, you know, in the months leading

1165
00:42:17,359 --> 00:42:19,849
up to it, But, you know, largely, the

1166
00:42:19,849 --> 00:42:20,829
areas that

1167
00:42:21,210 --> 00:42:22,109
are the most,

1168
00:42:22,409 --> 00:42:24,829
you know, kind of volatile and changing

1169
00:42:25,130 --> 00:42:27,542
are more sector based. Rather than the broad

1170
00:42:27,542 --> 00:42:29,617
market. Right? Like, there's certain segments of the

1171
00:42:29,617 --> 00:42:32,091
market that tend to move more during an

1172
00:42:32,091 --> 00:42:34,326
election cycle, typically, technology and health care,

1173
00:42:35,376 --> 00:42:38,873
But that's because regulation policy you know, is

1174
00:42:38,873 --> 00:42:40,860
expected to come down the... Oh, we got

1175
00:42:40,860 --> 00:42:43,244
a new president. Well, what regulation are they

1176
00:42:43,244 --> 00:42:45,652
gonna change? And and that's and health care

1177
00:42:45,652 --> 00:42:47,570
and technology are the things that they're they're

1178
00:42:47,570 --> 00:42:49,648
big in our economy as a incentives to

1179
00:42:49,648 --> 00:42:51,806
itself they get kicked around by policy change.

1180
00:42:52,125 --> 00:42:52,285
Right.

1181
00:42:52,938 --> 00:42:55,001
Yeah. I mean, if I... You know, money

1182
00:42:55,001 --> 00:42:56,825
does get created or destroyed. I mean, it

1183
00:42:56,825 --> 00:42:59,126
can through the expansion or contraction of money

1184
00:42:59,126 --> 00:43:01,362
supply. That's how fractional reserves work. But,

1185
00:43:02,238 --> 00:43:04,626
typically, money moves. It's... We don't destroy it

1186
00:43:04,626 --> 00:43:06,217
that often, but it tends to move around

1187
00:43:06,217 --> 00:43:07,889
in the economy. We we try not to

1188
00:43:07,889 --> 00:43:08,739
destroy it because

1189
00:43:09,336 --> 00:43:11,643
the system's built on slow and steady inflation.

1190
00:43:11,802 --> 00:43:13,950
And when more money comes in, things typically

1191
00:43:13,950 --> 00:43:14,666
just rep price.

1192
00:43:15,382 --> 00:43:17,306
Correct. Right. I mean, and everything is. Right?

1193
00:43:17,544 --> 00:43:18,601
I I still

1194
00:43:19,055 --> 00:43:21,521
maintain that, like, a snickers candy bar should

1195
00:43:21,521 --> 00:43:23,430
be 40 to 50 cents, and it's like

1196
00:43:23,430 --> 00:43:25,751
a dollar 50. Nice inflation. Right? And so

1197
00:43:25,751 --> 00:43:27,501
my kids, they'll never have a 40 to

1198
00:43:27,501 --> 00:43:29,648
50 cent. Price point. People who were older

1199
00:43:29,648 --> 00:43:30,920
than me are like, pretty kidding, It should've

1200
00:43:30,920 --> 00:43:32,511
have been 25 or 5 or whatever.

1201
00:43:33,323 --> 00:43:34,062
That's just

1202
00:43:34,440 --> 00:43:36,194
because the nature of our system is built

1203
00:43:36,194 --> 00:43:37,869
to inflation. And you would expect that to

1204
00:43:37,869 --> 00:43:39,225
also kind of work its way through the

1205
00:43:39,225 --> 00:43:41,299
markets too. If a company was worth a

1206
00:43:41,299 --> 00:43:44,105
hundred million dollars maybe that company now is

1207
00:43:44,105 --> 00:43:46,259
worth a hundred and 25000000 dollars. But it

1208
00:43:46,259 --> 00:43:47,854
takes a while for it to rep price.

1209
00:43:48,412 --> 00:43:50,087
Yeah. And plus, you know, if the company

1210
00:43:50,087 --> 00:43:52,422
is growing anyway. Not it's growing while.

1211
00:43:52,814 --> 00:43:53,373
So... Yeah.

1212
00:43:54,650 --> 00:43:56,487
The the takeaway from all of this at

1213
00:43:56,487 --> 00:43:58,642
the end of the day is that, partisan

1214
00:43:58,642 --> 00:44:00,239
is probably not the way that we need

1215
00:44:00,239 --> 00:44:01,675
to worry about how the markets are gonna

1216
00:44:01,675 --> 00:44:04,407
behave. The more important thing is by assets

1217
00:44:04,407 --> 00:44:06,404
that are appreciating, and if they're appreciating better

1218
00:44:06,404 --> 00:44:08,721
than inflation that puts you in an improved

1219
00:44:08,721 --> 00:44:10,412
position. Pat yourself on the back. I think

1220
00:44:10,412 --> 00:44:13,197
the number 1 thing for... Especially for the

1221
00:44:13,197 --> 00:44:15,185
middle classes is, it it doesn't take as

1222
00:44:15,185 --> 00:44:16,697
much as you think to participate in the

1223
00:44:16,697 --> 00:44:18,867
market. And how about don't get emotional and

1224
00:44:18,867 --> 00:44:20,705
make bad decisions Yeah. Don't get emotional, don't

1225
00:44:20,705 --> 00:44:22,463
make bad decisions, separate the watch from the

1226
00:44:22,463 --> 00:44:24,140
needs and make sure that you are focusing

1227
00:44:24,140 --> 00:44:26,406
on buying asses. Sets rather than what fine

1228
00:44:26,541 --> 00:44:28,763
someone needs, like a financial counselor where they

1229
00:44:28,763 --> 00:44:30,667
need to bounce some ideas off them. Go

1230
00:44:30,667 --> 00:44:32,413
call counselor. But if you need an advisor

1231
00:44:32,413 --> 00:44:35,442
matt how they headsets 54137

1232
00:44:35,442 --> 00:44:36,393
05:08

1233
00:44:36,393 --> 00:44:39,088
9 8. Yes. Good good... See, good segue

1234
00:44:39,088 --> 00:44:40,833
there. Yeah. Do keep in mind,

1235
00:44:41,721 --> 00:44:43,470
even if you don't necessarily become a client

1236
00:44:43,470 --> 00:44:45,139
in a firm, we're happy to, at least

1237
00:44:45,139 --> 00:44:46,649
help you punch in the right direction, get

1238
00:44:46,649 --> 00:44:48,636
you more information. Our goal is simple.

1239
00:44:49,207 --> 00:44:50,478
We want everybody that comes in our door

1240
00:44:50,478 --> 00:44:51,909
to leaving in a better position than they

1241
00:44:51,909 --> 00:44:53,021
entered. So

1242
00:44:53,657 --> 00:44:55,326
that is our goal. We wanna spread more

1243
00:44:55,326 --> 00:44:57,327
financial literacy. If And if we're the right

1244
00:44:57,327 --> 00:44:58,916
fit for you, we would love to hear

1245
00:44:58,916 --> 00:45:00,425
more about how we could work together to

1246
00:45:00,425 --> 00:45:02,729
help you meet your financial goals. So that's

1247
00:45:02,729 --> 00:45:04,570
kind of the story. Sticking to it. Okay.

1248
00:45:04,808 --> 00:45:06,792
Check out that website little john f s

1249
00:45:06,792 --> 00:45:08,458
dot com. Yep. As a reminder, you can

1250
00:45:08,458 --> 00:45:10,283
catch the rest of show if you didn't

1251
00:45:10,283 --> 00:45:12,683
already. I'm by going to little china s

1252
00:45:12,683 --> 00:45:14,591
dot com under the Educate tab podcast available.

1253
00:45:14,830 --> 00:45:16,898
It's until next time. I'm Dave Little. And

1254
00:45:16,977 --> 00:45:19,204
Matt Dixon. And you go signature. On news

1255
00:45:19,283 --> 00:45:20,317
Radio United N.

1256
00:45:20,968 --> 00:45:22,582
And 12:40 k.