Old Man Yells at the Cloud | TCAF 167

[@TheCompoundNews]

This episode is sponsored by Public: Discover how you can lock in a 6% or higher yield with a Bond Account at: public.com/compound

[@Andrew-kd8pr]

have your hosts spend a few hours understanding BTC and MSTR before they bash it like clueless obese snobs

[@spgushue]

I am not a finance person, I don’t understand most of the technical stuff discuss here, but I could listen to Cliff talk for hours. It is funny how enthralling these guests are on TCAF. It’s so good I had to comment.

[@Pete_1979.]

As a NYC Firefighter , I greatly appreciate your pods. You guys talk bluntly and in an Everyday Joe speak which furthers my financial /investing knowledge. I thank you for this mix of humor and insight Josh & Co. 🙏🏼

[@TheCompoundNews]

Thanks Pete!

[@anothername2730]

Thanks for being a valuable member of the community - and for your service to your locality!

[@cliffpeebles9705]

You nailed it Pete. That's what keeps us coming back.

[@michaelsumma]

I have said it before and I’ll say it again- The best part of the show is the beginning portion prior to starting the show’s introduction! Always the best conversations ! True story !

[@digicandy70]

Quality Guest. Thanks for a great show.

[@anderson6379]

The most fire intro ever 😂😂😂😂 Batnick "We gon start the show" .... Cliff "What the hell have we been doing?"

[@lauracronk2876]

Yes I think you guys should just start the show right away.

[@mattyerkes9608]

Fantastic episode. Wish it was 3 hours! You could tell he wanted to stay longer.

[@blueobject]

This is Josh's best episode ever and will be for a long time

[@dsnyder649]

Hands down one of your best guests! Thank you so much for doing this show!!

[@davidoh709]

I've been watching TCAF for years and this is the smartest guest I've listened to so far.

[@Stox_intake]

And his easily the dumbest guest I've heard with his 1950s conventional thinking. His gonna get run over by many stocks like MSTR in the future.

[@Edgar-i2d]

Saylor went to MIT , he is not an idiot trust me

[@Pete_1979.]

Bingo

[@theonlycaulfield]

That clip they played was case in point. Edit: This channel appears to have disallowed me from replying to Jake's last comment, so here is my reply: No one said forward earnings were not a good metric, it was just what he said about forward earnings that was nonsensical. Microsoft is not levered 144x to forward earnings. His statement that treasuries are toxic is also without basis, as they are the most stable interest paying securities that exist, in the world.

[@dominicn]

Hating Saylor isn't wise

[@theonlycaulfield]

@@dominicn No one said that that Saylor was an idiot or that they hated him. Asness said that what Saylor said in the clip was dumb, because it simply was. I think that even Saylor knows that what he said was dumb, but saying something that wasn't dumb probably wasn't his intention.

[@jamesj9537]

Not to speak on Saylor, but plenty of people at elite institutions are not very smart.

[@matt.stevick]

friday again?? time for *TCAF* 📈🇺🇸

[@howardclark2906]

Wow, this one went deep, very good

[@mahrak101]

My favourite episode in recent memory, as a student in Msc. financial Economics

[@kid_a6859]

Good episode. Definitely one of the best of the year. Any chance you guys could get Brad Gerstner as a guest?

[@kosi42]

A true intellectual. I was put off by his ascerbic tone on Twitter but this changed my mind.

[@GreyAndSheep]

If I had Batnick staring at me like that for 90 mins straight, I'd jump out the window

[@ryguy42069]

😂😂😂

[@ThereseArmstrong-lg6pp]

Can’t understand what Josh sees in Batnik. And to buy him an expensive watch … why. He hangs around in jeans and tees. He doesn’t add anything to the shows IMHO

[@BanrionCapital]

Cliff is amazing. I love that guy!!!

[@darbkavon]

This makes be want to buy even more $MSTR

[@luffebassen]

Same here! We are still early when no one gets it. This was how people laughed at BTC several years ago. No one is laughing any more if they have more then air "up there"

[@MENSARII]

Gentlemen you guys need to invite Michael Salor as well

[@JamesDell-ni9hp]

"Difference between a madman and a genius is success," Javier Milei.

[@TonyTrupp]

As argentina now slumps into a deep recession, wages collapse and the poverty rate soars past 50%.

[@pfalvey1]

I had no idea Rob Reiner knew so much about investing. In all seriousness another excellent episode

[@TheoreticallyNo]

OMG they got Cliff. Legendary.

[@ThereseArmstrong-lg6pp]

But can’t or won’t talk about particular stocks and doesn’t even know the the price of nvdia Hhhmmm

[@Pivot922]

Let saylor on the show

[@luffebassen]

They dont have the stones to do that. This is just little boys who have aged A LOT.

[@sacking1870]

Thank you guys for everything!!!

[@ibinvestor]

You know it's a good show then the guest makes Josh Brown giggle like a little school girl at 47:45 😂😂😂 Great show you guys! 💖💖😍😍

[@stevenniggebrugge6514]

Amazing episode 😊

[@martytayman9138]

Brilliant! I say it almost every week but…I really enjoyed and learned from this.

[@mikeolson6382]

Love it!

[@TheCompoundNews]

Thanks Mike!

[@ildefonsovilar]

They hate him because they ain't him. Irresponsibly long $MSTR

[@darbkavon]

I’m with you!!

[@luffebassen]

Same!

[@rtbull11]

Awesome guest! Thanks guys.

[@mali3490]

You can torture the data enough that it confesses! Great insight

[@Stox_intake]

Wall streeters. Always 10 steps behind the next big thing. And they call retail "dumb money". Talk about ego

[@thebarryman]

Great episode guys. I don't even have a snarky retort this week!

[@HowardRoark1]

LEGEND

[@ChairGoogle]

Saylor is a genius lol 13:18 yall should have him on, he’ll probably say yes

[@luffebassen]

They dont have the stones to do that.

[@mattbanning-oq1tz]

Once again, thanks for all the investing info fellas! As a Comic Book Pro, enjoyed the added comic book chit chat as well 😊👏🏻

[@MBoyer-ng6ok]

High level discussion. Interesting guest.

[@ujjwalnarayan70]

Is webby awards still a thing? i'm nominating this pod

[@UncanaldeInvestitii]

One of the best episodes, so insightful. Honestly, I wouldn't have minded if he went on for another hour or two, though I get you have a schedule too.

[@garyrogers6977]

Brilliant cold open!

[@Money_line_Miami]

Title says it all

[@kameronluyt9733]

Best financial show👊

[@luffebassen]

Far from it. They dont get MSTR. Nuff said.

[@joehitterman8620]

‘I don’t know much about crypto but Microstrategy must have just won on a lottery ticket’ - expert analysis right here, y’all just like to talk out your arses….

[@cgill700]

Apart from the intro…. At what time do the crew discuss Saylor & MSTR again?

[@willspeakman2461]

These people really show you where the general public is at. None of them understand Bitcoin and attack Michael Saylor as "lucky" for buying it. How about you spend 100 hours learning about a topic before attacking it. Morons.

[@Austin-ai24]

Josh can we get a Crypto guy on here for once?? Even Pomp would be a great guest and help you and all your 8% a year listeners get wealthy before they are 60

[@slothy120]

Amazing that it took you this long to get him on the show. No one loves the sound of their own voice as much as Cliff.

[@bboygaf3384]

“Maybe he’s brilliant! I don’t know.” Ya, Michael Saylor studied Rocket Science at MIT, bud. Maybe he is brilliant…

[@WallStMario]

Lol, right? Cliff is also brilliant though, sounds like he is talking his book. Is he shorting crypto/bitcoin?

[@bboygaf3384]

@ Honestly i’ve heard some of the worst takes about MSTR the past week from seemingly super smart investment people. If you don’t think what they are doing is sustainable, ok I get that, but people calling it a ponzi doesn’t know what a ponzi is. Saylor isn’t promising any returns, or hiding what he is doing. He is open and honest about the strategy, and you either believe it will keep working, and invest, or not.

[@DDMSakb48]

​@@WallStMario Cliff is definitely a smart guy just like Michael Saylor. The problem is people like to talk xxxt about something they don't know. He says he has not studied Bitcoin, then why not just say you don't know and shut your mouth.🤣

[@gianmariamalmesi4133]

Four more episodes before year end, this gentleman and Mr Belski are positioned very well to win the ¨ Most fullfilled with my own sh¿t ¨ guest 2024 contest, I am quiet confident we´ ll get the real winner during the month of December, stay tuned

[@michaelburket2183]

We didn’t start the show!😂

[@bruceguy2747]

I love all of the back stories and gossip related to Eugene Fama and Mr French. Is there an episode where momentum gets talked about in greater detail?

[@voicification]

Watching this in Tokyo Japan!

[@TheCompoundNews]

Arigato gozaimasu!

[@sameluckyguy]

So much information.

[@xpkareem]

The Efficient Market Hypothesis is called that and not the Efficient Market Theory or Efficient Market Axiom for a good reason.

[@buckzee289]

Michael looks so much better without a hat.

[@lauracronk2876]

Yes and without all the logos!

[@sameluckyguy]

comments on the “wisdom of crowds” brilliant 👍

[@meknizdceo701]

Great Entertainment with Substance!

[@markshevlin8270]

This show is awesome. I went to work on Wall Street (literally - 45 Wall Street, corner of Wall and William, I think it's condo's now) at US Trust in June of 1989, so I'm in my 36th year in the investment business. So many of your guests take me back to my early days and great memories of downtown, the Seaport, and cold $1 glass bottles of beer on my Staten Island Ferry ride home. I listen to every episode because you strike the perfect balance of providing timely insights and excellent data with a healthy dose of quintessential NYC humor. I tell everyone I know to tune in. There is only one small thing you could do to make the show better....stop bleeping out the F-Bombs! LOL! Thanks for what you do!

[@malkeri2107]

Ive been investing for over 15 years and since listening to Saylor this year i sold all my stocks and went all in on MSTR. I now have financial freedom and never had such good returns. Thank you Satoshi and Saylor🧡

[@warriorpoet4423]

We've come a long way since Boiler Room

[@shsal110]

1:18:42 I thought my stream froze

[@paulweingart3243]

Please have Mike Green on

[@deejaxn4603]

21 finished higher than the Market Open... 22 finished Profitable.

[@JasonHernandez-g9y]

Thanks for the breakdown! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

[@BryanForsyth]

Batnick’s people out in force in this comment section.

[@warriorpoet4423]

what part of The Great Gatsby are we in *right now* ?

[@davidwalsh9807]

The Simpsons would be proud

[@Golddigger-r6p]

Old men just don´t get it. MSTR is a glitch in the regulatory system. It gives access to Bitcoin for investors otherwise cut off from buying Crypto. That in itself i worth a lot for those investors. When they change accounting principals next year, any move in their BTC holdings is considered earnings....Then Old men can apply their WACC or DCF models and figure out the value. What is the value of a stock with earnings growth of 25-40% per year?

[@luffebassen]

Bingo!!

[@dagobaker]

anyone know the guests twitter?

[@TheCompoundNews]

x.com/thecompoundnews/status/1859950601687462246?s=46&t=B6Ux8PuGuAApz-mzdDWZsg

[@peterrabson3383]

Is it possible that a passing of the new Bitcoin Strategic Reserve Gov bill next year (2025), could cause a massive selloff of the US stock market as everyone wants a bit of bitcoin action?

[@jbmar-jx7uv]

'i dont know the current price of nividia'.....he says, not sure how serious i can take this guy, but its an entertaining gag reel , who else is hanging around for josh b4 TG break?

[@S54VR6]

this will age like milk

[@satoshimoshi946]

Comparing what Saylor has done is like buying lottery tickets is just ridiculous. Great episode, but if you're not actually going to take the time to learn about Bitcoin or MSTR just stay in your lane as you told Kevin about comics.

[@tonya2524]

I was series 7 in the 90s. Do you understand that? That made me laugh out loud me too Josh me too.

[@supermutant]

Saw the title, thought Groper Cleveland was making an appearance.

[@reedjustinreed]

This guy says Saylor is doing something that makes no sense but hasn’t done a deep dive on crypto…so how can he say that if he doesn’t fully understand bitcoin? Sound like this guy doesn’t understand what he he is talking about in regards to Saylor.

[@AS-bj9sf]

Saylor has and will continue to make fools of them. The internet never forgets

[@darbkavon]

Agreed. They are naïve to say the least…

[@BTC_Alejandro]

Those comments about Microstratedy are stupid to say the least. HFSP

[@aj8599]

Let's go ....... 😊😊😊😊

[@Austin-ai24]

Saylor is running circles around these old out of touch dudes.. you dont even know what he means? Exactly, just keep getting crushed by MSTR and maybe one day you’ll do the HW

[@luffebassen]

right on

[@lanedeyoe714]

at about the 25 minute mark Cliff mentions he is an ex teaching assistant of "Gene Fommette" sic. Who is that he is referring to?

[@johnpittman7095]

That Saylor clip was a literal theoretical number. Whoever showed you that clip knew better you can even hear him say IF. And are treasury bonds NOT in the red when adjusted for debasement (inflation 🤡) over the past several years?

[@vogtnavog3170]

Out to lunch is great 1:10:05

[@Tom0000]

While I agree that MSTR only deserves this valuation based on the premium it gets from implied volatility, comparing Saylor to some dude that won the lottery is such a poor statement. He made a calculated investment that paid off, so there is some meat on the bones when it comes to his advice. It shows how traditional investment managers are so indulged in their own interpretation of the world that anything that is unorthodox is dismissed as trash. The fact that 90% of these funds trail the passive index is not really a surprise. As for MSTR, the IV premium will come down when BTC matures and it will eventually trade at a lower premium to the BTC value on its books. But it won't matter if BTC returns continue to be massive.

[@luffebassen]

"While I agree that MSTR only deserves this valuation based on the premium it gets from implied volatility" Because you have not sat down and listened to what Saylor is doing. Its not a ETF where you only get 1:1 with Bitcoin.

[@bradstoker1436]

Some time, when I'm as old as Cliff, I hope to be as wise and witty ;)

[@c-note]

how come Batnick's not in a t-shirt?

[@donyaschuk6538]

And put your cap on, I'm blinded.

[@matt.stevick]

a shirt with buttons? just missing top hat and monocle at that point.

[@patricklewis9496]

Bitcoin is not a lottery. His thesis has a false assumption. One that Michael Saylor is on the opposite side of “I haven’t a deep dive into crypto” Maybe you should before you run your mouth on a trade

[@DDMSakb48]

They think Meme stonkers are ignorant Can you see the Irony here? 😉

[@JohnDavidRicker]

18:25 eminent

[@randalljmoore]

Did Asness and Arnott finally come to an accord? No one ever brings that up in respective podcasts. Not picking sides here or anything.

[@peterrabson3383]

Again please get rid of those bowl of balls. And place your favourite books in view in the forground, thank you from Peter in UK.

[@lauracronk2876]

Agree they are very ugly and distracting!

[@Batwal99onUtube]

Jeez the mstr people in here are sensitive

[@darbkavon]

Never bet against Michael Saylor… the hubris shown here is very unattractive as an investor

[@midwestcannabis]

Party On 🥳🥳🥳✌️✌️✌️

[@Bobventk]

1:34:20 really Michael? Bruh.

[@terrorbear7]

Ones a rocket scientist, two are pod cast hosts. I knkw where my money is.

[@luffebassen]

haha true

[@daraghcuddy244]

Could someone explain why Americans are so obsessed with apple phones? I've had them but always preferred my android

[@jamesj9537]

I have an Android phone for work and I just find the Apple software to be superior for enjoyment of use.

[@ripping]

They just mad because because their bags are going to zero relative to MSTR. Mr Smugster on the right there laughing while Saylor is explaining how things work. Do some damn research or HFSP.

[@danieleaton9684]

AMC to 50$ tomorrow

[@Stox_intake]

Lmfao a bunch of wall streeters who's jobs are probably gonna get replaced by Ai in the next few years are calling Saylor dumb... His 10 steps ahead of you lot and his done it by the time you get it. I dont think he's the dumb one