Why Media And Code Make People Rich | Joseph Carlson Ep. 149

[@JosephCarlsonShow]

Hope you enjoy today's episode! Shout out to all the supporters, you guys are awesome! 🎉 Patreon: www.patreon.com/josephcarlson 📈 Growth Portfolio: m1finance.8bxp97.net/ORRVBW 💵 Dividend Portfolio: m1finance.8bxp97.net/b3anNb 👕 Merch: teespring.com/stores/the-joseph-carlson-show

[@Momofoku]

I have been following your channel for a while now. Love your channel. Is you Growth and Dividend Portfolio in the link your actual portfolio? Amazing!

[@harnessmoney]

You are awesome! Must admin my stock portfolio is heavy in tech because I believe these businesses have a big future.

[@icecoldchilipreppers]

When he was talking about code based leverage hes talking about crypto applications. Bitcoin and blockchain technologies will set us free by removing greedy middlemen and decentralizing all social programs, from insurance to the lottery. All done automatically via algorithms all recorded transparently via decentralized blockchain.

[@kimfjfdhg5563]

I love this channel

[@krzekil]

2 video's in one week. I feel special

[@thewolfoflondon8141]

For real he’s a legend

[@arthursalas8010]

Same lol

[@Matt-gf4gd]

More more more! I need moooorrreeeee

[@mj3151990]

Yes!!!! I like meet Kevin but overall i prefer a more calm discussion like video. Thank you for continuing with the content

[@JackDuffley]

Joseph's portfolio would more accurately be titled "Quality Companies"

[@thecapone45]

The segment about "replication" was pretty eye opening. It's one of those things that explaining to a friend would get the response "well yeah, duh, seems obvious." But really getting down to the specifics like that and the science behind growth really helps it all make sense. By far my favorite part in the video.

[@labeasta101]

2 videos in 2 days? I thought Christmas was in December.

[@miriamstrauss]

🥳🥳🥳

[@thewolfoflondon8141]

He is Christmas

[@cdragon88]

Love the back-to-back posts.

[@miriamstrauss]

Yeppp

[@KelechIwuaba]

It's crazy that these companies are now seen as "boring" in the current landscape of things.

[@alohastateofmind3565]

For real!

[@carriermodulation]

It is part of the natural evolution of things, though. For example, GM and BA were once seen as perhaps even more high tech/space age than any current tech companies particularly when their machines just seemed like black magic compared to say horses or small propeller driven planes. Now almost everyone considers them not only boring but worse, perhaps lagging, even though in many ways they still deal in say more cutting edge materials/physics/control systems/signal processing than say Microsoft. I think one difference is that people cannot estimate the almost impenetrable moat of tens of millions of lines of mature code exercised by billions of active users, or now machine learning with huge datasets and millions of hours of training. That is going to be a new problem for newcomers to crack, even versus says the 1.5million parts that go into a Boeing 747 that once provided them a moat against companies that struggled to work with products with just hundreds of parts, and may give them an edge to break into new industries even when better informed players like college professors who have been studying new technologies for decades are building startups to compete. But who knows, it could all come crashing down as someone say provides a new way to train CNNs super easily and quickly, or new programming languages allow for new platforms to develop faster and somehow make up for much less usage and therefore telemetry and iterative feedback. For example, better CAD software, computer controlled engine and power trains, the work of companies like Denso and Bosch, and a few other factors allowed car companies to break into the industry way easier and destroyed GM and F's moats. I doubt it, though.

[@postblitz]

​@@carriermodulation You pretty much countered your own viewpoint and you did it very well. That is exactly how MSFT, AAPL, GOOG and others are going to get clobbered in the future if they don't stay at the top of their game. Every major figure from Steve Jobs to Bill Gates to Zuckerberg etc. have said they're more afraid of a couple of hobby programmers than their competition. Linux and Git were made by one person and then expanded by a community of volunteers and they're the #1 software products of this planet. There's no such thing as a moat in software. There's just the time you have at the top until something or someone else comes along.

[@carriermodulation]

@@postblitz I think your example proves the AAPL and MSFT moat. Linux has crushed it on server, and in game consoles, and the technology is there. Linux also drives android and many embedded consumer facing computers and meets their needs perfectly there. I use linux on my workstation every day. But has made no effect competing with MSFT or AAPL on the workstation or productivity in two decades. AAPL has struggled to compete with MSFT here in spite of huge investment with newer technology and arguable(at least higher paid) better development teams and some limited success in marketing.

[@citizenoftheyearCC]

Anyone else first read the title as "Media and Coke Make People Rich" ?

[@zjg3913]

I mean, not wrong...wait, are we talking about Coca Cola? Or...

[@darekaushi]

I could've sworn Coke is what I saw

[@sergioecheverry2965]

Same! 😂

[@theoffendedtaco]

haha thats what I saw too!

[@rockon8174]

Just you. 😗

[@MattKozFinancialFreedom]

Software margins have brought us the most highly valued companies in the world, and rightly so, the value they create is unreal 🚀 Azure, AWS, being prime examples

[@bryanshealy1260]

Sadly amazon has created a region of ugly warehouses instead of beautiful city centers. Its a result of the suburban experiment.

[@DividendDogo]

Makes me wanna buy back into Apple and more into MSFT.

[@lordnelsongaming79]

Joseph, I just wanted to take a minute to thank you for all the work you put into your channel! Your content is excellent, you clearly explain your motivation and fundamentals behind companies you invest in, and your various analysis processes have helped me (and I’m sure others) tremendously in my investment strategy. So thank you and keep up the great work!

[@PhatChin]

Must be rain in the forecast -- Joseph has stayed indoors and blessed us with a multi-vid week

[@billgowing7744]

Two posts back to back, spoiling us Joseph!

[@ahsanfinance]

Totally agree with the Media and code thesis. One thing I am very interested to know is the exclustion of Alphabet in your portfolio? Google is at the forefront of Code and one of the biggest media company in the world (KZbin). So why no interest there?

[@MrUchechime]

Google doesn’t pay dividend....yet

[@harnessmoney]

Love this idea that every company should be a media and code company. Every business has a story and if it is told well the public and wall street will reward it.

[@scottydog9997]

There is a cost to software replication. The more users the more cost to the underlying hardware infrastructure, and maintenance. Media less so.

[@53block92]

Up, up, down, down, left, right, left, right, B, A, Select, Start. That is all the code you need to rule the world.

[@CyberstruckWorld]

Always good to listen to Joseph.

[@thefrugalinvestor9596]

Naval Ravikant is one of the smartest and humble person and he has a great mind. Thank you for the great content. You are an inspiration. I disagree with you on AT&T and HBO max but all other picks in the portfolio are really great and smart picks.

[@DS-ls2jm]

I'll stay with Disney and VZ , imo best of both worlds

[@thefrugalinvestor9596]

@@DS-ls2jm i totally agree.

[@jamesanderson6130]

I’m long AT&T and this is why, currently they are paying a 7% yield dividend, which by all accounts is very safe and likely to continue to grow. So if I buy their today I’m more or less guaranteed a 7% return on them without any asset appreciation (which I think will happen) for at least the next decade. That’s not bad.

[@thefrugalinvestor9596]

@@jamesanderson6130 That is a good point. I can see where you are coming from. But there are still good deals out there in this market where you can use the same money and make 20-25% on your money with growth and safe dividends ( banks, consumer cyclicals, tech, cmcsa ) with less risk imo as compared to AT&T and better business.

[@dogelife7901]

@@jamesanderson6130 chasing dividend can leave you with half a portfolio.

[@motiahmed8972]

Good explanation of the fundamentals around companies that can create products and content with very low/zero marginal cost of replication and very high revenue per employee.

[@NickPeitsch]

That’s why KZbinrs can earn some of the highest incomes of most jobs out there! Totally agree Joseph. Thanks for the video.

[@EranM]

start of the video (2:23) 96.69 end of the video (20:07) 1096.69 :> 1K $ in less than 20 minutes GG

[@DDFinance]

Because they are scalable.

[@3p1cV1p3r]

Very entertaining Joseph. Thank you for the video!

[@miriamstrauss]

Agreed ❤️

[@fredrikjacobsen4747]

the dip in Microsoft was probably "buy the romour, sell the new". So many people probably predicted high growth in Microsoft and swing trades tried to grab a quicky

[@DS-ls2jm]

Bought more shares on this small dip🤑🤙🚀

[@thegreat9481]

It’s unclear to me what “buy the rumor, sell the news” means. Explain please

[@fredrikjacobsen4747]

@@thegreat9481 Well if you hear a rumor that Microsoft is going to have a great financial rapport someone might buy shares in Microsoft "gambling" on the rumor. When the news comes out about the rapport they sell, seeing how the news might give the stock a boost :)

[@thegreat9481]

@@fredrikjacobsen4747 oh ok thanks

[@miriamstrauss]

If you found this comment, I wish you peace, success, and wealth! Remember to always be the best version of yourself. I believe in you ❤️

[@phoenixsilverman1616]

Life savings on apple calls after watching this thanks dude

[@AntonioInvests]

Apple will be raising it's dividend this coming week 😁

[@Warmachine-tu5zo]

Very good info on MSFT. Just more reasons why its my biggest holding next to FB.

[@PrizmzCinema]

Best finance KZbin channel hands down.

[@agigcbo]

So looking at your growth portfolio allocations in M1, and given valuations, are you just holding vs actively adding at these levels? Curious to know why MSFT is only 25% of the pie given your conviction. Great content btw!

[@jaredcorreafitness9666]

What a great quarter by Apple 🍏! 90B for the quarter is wild. Cash 💵 cow 🐮

[@DandyFinance]

I agree, yields will be higher. But that is if you buy right now. With money going into these industries in the future, their valuations will follow and yields will stay the same on paper. When in reality there will be huge growth for "early" investors. Thanks for the insights!

[@TheDanaYiShow]

I almost didn't click this video cause I thought this was the other video from this week, keep up the awesome work :)

[@UntitledPanda]

Why does Microsoft slump after such a monster earnings report? My guess is that the stock is so crazy 'overvalued', nothing makes sense anymore. The price has gone up so much in the last couple of years, it hasn't kept pace with the fundamentals. The share price keeps going up..until it doesn't? No idea if/when that will happen, but I'm just holding onto my shares for now, seems too risky to buy at these levels. I'd rather look for those value buys in the Pharma sector. Thanks for the video Joseph!

[@cookingthebooks901]

Sweet! My Nasdaq 100 Investment is at point :D

[@kevincarapanta3071]

What app are you using to manage and display your portfolio? Looks really nice!

[@pedrobarajas64]

Pretty sure it’s M1

[@kevincarapanta3071]

@@pedrobarajas64 thank you!

[@dlwatib]

By far the ultimate industry for 0 replication cost is banking. They also have some pretty powerful networking effects going on. I chose my bank because of how many branches and ATMs they have in states where I live and visit. And checks clear faster when both the payer and the payee use the same bank.

[@michellerocha1166]

Excellent content

[@cg722]

What are your thoughts about Palantir? (As a software company)

[@lp1652]

I see you joseph!! On tha Grind!!!!

[@killersentra]

You picked some perfect timing on most of your buys huh lots of gains there.

[@JoshDominic]

Naval Ravikant and Joseph CArlson in the same video? We are not worthy

[@MrGreen-kq4ds]

speaking of code it's not purely intellectual property , it's so much more : data centers, hardware, shit load of people running them, actual coders and people that run that shit code , while "code" scales it's not all rainbows and unicorns and requires a lot of effort and has high operational costs

[@dogelife7901]

Underrated comment

[@reecethandi9964]

Thanks for another upload, love your content

[@duancoviero9759]

Wow, i always learn something new here 🤯

[@alphasrgnt]

Hello! Long time subscriber here! Love your content! Could you please do an analysis on UWMC Or at least let us know your thoughts

[@glennwojcik2342]

Excellent video.

[@ifthaker2277]

What microphone are u using? The voice is amazing.

[@thewolfoflondon8141]

Great video Joseph love your content

[@AyratHungryStudent]

I just checked MSFT price chart and noticed that in 1999 the price was around $60. Then it took MSFT 17 years to surpass that record. Anyway, I don't like MSFT because it has no presence in mobile. It's a ok investment for super conservative investors I guess. Just an opinion.

[@BieLTheMaN]

Joseph, what you think about factor investing?

[@NickOloteo]

I don’t know, I still think mid-tier pizza will beat everyone.

[@harnessmoney]

DPZ aka Domino's is pretty much a coding company now with all the tech they have introduced into the biz.

[@NickOloteo]

@@harnessmoney I don’t want code in my pizza I want sausage and pepperoni

[@asta9198]

Me too, I just bought 3 shares of Microsoft.

[@chillagorilla]

Getting close to 200k subs!

[@Joshjvisser]

Love my morning commute when Joseph Carlsons on the aux

[@jenerd.purijr6544]

Hey Joseph, I was wondering. does it make sense to consider bonds at this all time highs?

[@cesarordaz139]

Obviously Square and PayPal trade at a very high valuation. Do any of you guys own these fintech companies? And what do you guys think?

[@stefandebruijn6559]

However It just feels wrong to invest in a company which is almost at a 40 P/E ratio.I know it is a great company with a great future, but I have to pay such a high premium right now...

[@finnschonfeld9107]

Buying Microsoft right now is how you make a bad return on an amazing company, it feels wrong because it is wrong. There are better places to invest your money

[@MuhammadKeita94]

I didn't know Microsoft was doing THAT well!

[@brentmoffatt4129]

What are your thoughts on AirBnB?

[@bobbybikes9122]

You’re so smart I can’t believe you’re not earning interest on BTC and ETH... They qualify to be in your code category.

[@iWatchmaker]

Love it when you upload while I’m at work, thanks for the entertainment Joseph!

[@miriamstrauss]

Haha who doesn’t love to procrastinate

[@davidbrown24]

Thoughts on Spotify’s earnings?

[@feeling4929]

Interesting, how have you kept up with the job stress. I think especially in software engineering burnout is pretty high. And what are your techniques for systematic creativity?

[@feeling4929]

@@jackingramcryptoadmin1023 You are fake....this is not the verified account.

[@feeling4929]

@@martinlutherkingjr.5582 True but creativity might lead to impractical solutions in some cases. I don't mean to be rude just wanted to his perspective.

[@matador578]

hello, great tutorials, I would like you to show how much you can earn in dividends in some shares, it would be very good to have a notion if it's worth it, ... thanks

[@markarnoldsfinance2765]

MSFT is the quality stock I chose to put in my portfolio and concentrate on purchasing for over a year now and very happy with that decision!

[@harnessmoney]

Truth! MSFT is such beast with all their different lines revenue. All of the gov contracts they are winning is going to keep them in business forever.

[@markarnoldsfinance2765]

@@harnessmoney you said it! They will be around for a very long time with all that they have in the pipeline

[@terracenight27]

Could the MSFT sell off be big fund managers doing quarterly rebalancing?

[@AntonioInvests]

2 uploads in 1 week, wow you're spoiling us 😂

[@David.Marquez]

I really enjoy how a lot of these videos talk about larger world and professional trends, I come out feeling like a more educated person in more than just stocks.

[@kamikazekauz9186]

Great video Joseph, thanks for sharing these insights! Do you by any chance have some thoughts on Broadcom as a potential investment in your passive income portfolio? With their last two major acquisitions, they seem to fit right into the group of companies that you describe here (software) while also having broad (no pun intended) exposure to current and near-future tech markets (mobile, 5G, IoT).

[@Square-Watermelon]

Jesus is God & He loves you Jesus is will soon be seen by all men, women, and children up in the clouds. Jesus is returning now! Believe and be saved. Exodus 3:14 (God speaking) And God said unto Moses, I AM THAT I AM: and he said, Thus shalt thou say unto the children of Israel, I AM hath sent me unto you. John 8:58 (Jesus speaking) Jesus said unto them, Verily, verily, I say unto you, Before Abraham was, I am. John 10:30 (Jesus speaking) I and my Father are one. Isaiah 9:6 For unto us a child is born, unto us a son is given: and the government shall be upon his shoulder: and his name shall be called Wonderful, Counsellor, The mighty God, *The everlasting Father,* The Prince of Peace. Matthew 1:23 Behold, a virgin shall be with child, and shall bring forth a son, and they shall call his name Emmanuel, which being interpreted is, *God with us.* John 1:1 & 14 1 In the beginning was the Word, and the Word was with God, and the Word was God. 14 And the Word was made flesh (Lord Jesus), and dwelt among us, (and we beheld his glory, the glory as of the only begotten of the Father,) full of grace and truth. John 8:24 (Jesus speaking) I said therefore unto you, that ye shall die in your sins: for if ye believe not that I am he, ye shall die in your sins. John 14:9 (Jesus speaking) Jesus saith unto him, Have I been so long time with you, and yet hast thou not known me, Philip? he that hath seen me hath seen the Father; and how sayest thou then, Show us the Father? Hebrews 1:1-3, & 8 (God calls His Son "O God" because Jesus IS God in the flesh) 1 God, who at sundry times and in divers manners spake in time past unto the fathers by the prophets, 2 Hath in these last days spoken unto us by his Son, whom he hath appointed heir of all things, by whom also he made the worlds; 3 Who being the brightness of his glory, and the express image of his person, and upholding all things by the word of his power, when he had by himself purged our sins, sat down on the right hand of the Majesty on high; 8 But unto the Son he saith, Thy throne, O God, is for ever and ever: a sceptre of righteousness is the sceptre of thy kingdom. 1 John 5:7 For there are three that bear record in heaven, the Father, the Word, and the Holy Ghost: and these three are one. Titus 2:13 Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ; Revelation 1:7 Behold, he cometh with clouds; *and every eye shall see him,* and they also which pierced him: and all kindreds of the earth shall wail because of him. Even so, Amen. Isaiah 44:6 (God speaking) Thus saith the LORD the King of Israel, and his redeemer the LORD of hosts; I am the first, and I am the last; and beside me there is no God. Revelation 1:8 (Jesus speaking) I am Alpha and Omega, the beginning and the ending, saith the Lord, which is, and which was, and which is to come, *the Almighty.* Revelation 22:13 (Jesus speaking) I am Alpha and Omega, the beginning and the end, the first and the last. --- There Are None Righteous /// How To Be Saved Romans 3:10 & 23 10 As it is written, There is none righteous, no, not one: 23 For all have sinned, and come short of the glory of God; Luke 5:31-32 (Jesus speaking) 31 And Jesus answering said unto them, They that are whole need not a physician; but they that are sick. 32 I came not to call the righteous, but sinners to repentance. 1 Peter 3:18 (The word “quicken” means “to make alive”) For Christ also hath once suffered for sins, the just for the unjust, that he might bring us to God, being put to death in the flesh, but quickened by the Spirit: Romans 10:9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. Acts 4:12 Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved. Ephesians 2:8-9 8 For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: 9 Not of works, lest any man should boast.

[@stocks4paws932]

Joe, just because I like ya, check out CP -=Canadian Pacific Railway. Smooth chart, they do a 5-1 split next week and they pay dividends

[@dogelife7901]

If its a Canadian stock that means filing more tax forms. Pass.

[@robG12345]

Hey Joseph, I would like to know, what is your opinion on STOR switching the CEO? I noticed that you liked the old CEO a lot :) Thanks for the quality content as usual!

[@slider292]

Anyone besides me buy MSFT into earnings, and sell AAPL?

[@royale_spice7954]

Seriously you write code but don't get Bitcoin enough to add to your portfolio?

[@dogelife7901]

😆

[@Anubis1242]

Copy and Paste is the Reason. Everything what u can copy and paste with no energy can make u rich. U dublicate ur work hours

[@monqmedia]

Great video, I watched it twice.

[@pawel-yt]

Compare 5 year return from MSFT vs AMD, SHOP. I'm not saying MSFT is not a good investment but there are other companies out there flying under the radar.

[@TheMythTheLegend733]

I see Joseph Carlson post, I watch..

[@miriamstrauss]

Simple enough

[@AginVisuals]

I'm guessing you're a fan of Akira The Don's music. If not, you would love his new Naval album. He has a song about this!

[@CuriosityUnchained]

Same thing wit tesla after their massive earnings beat. Everything is looking great and wall street sells

[@lukaspasak7339]

I doubt it has anything to do with a p/e ratio over 650

[@davidfoust9767]

MSFT was down even more today. I bought 2 shares, lol.

[@TheJustinBarker]

Smart move!

[@claytonbigsby7158]

not a bad idea!

[@rjw6487]

MSFT is a great company. But as an investor you will not participate in its success if you enter (buy the stock) at such valuations.

[@joeri2499]

I fully agree. Im also slowly selling some of my Apple position. Also see the recent video of fastgraphs about msft and valuations

[@dennyfisher268]

I understand and see your perspective, I’d like to add that guessing market highs and lows is a losers game.

[@rudy_dstroys1821]

If you enter now and think short term, it's possible you will buy high. Think long term, you'll more likely to be ok. On top of that, you get dividends from MSFT, thus reinvesting it back into MSFT, and gain more "shares" for cheap if it goes lower. It's a win win if you go long with MSFT. Our UPS guy is a millionaire because he held and bought Apple since the first iPhone was released (it forms about 50% of his current portfolio I believe). Goes to show that within a span of about 13 or 14 years, you can make a lot of money if you hold, add and reinvest your money in good quality dividend stocks.

[@rjw6487]

@@rudy_dstroys1821 I can confirm that long term thinking is key. I got my first shares through the MSFT employee stock option program back in 1989. So, yeah, it works. However, if one opened a position in MSFT on June 30th 2000, by Dec 30th 2013 he would look at an annual return of 0.6% for the past 13 years. Hardly a great investment. The company was doing great - but the investor that got in at the peak of the dotcom frenzy was not participating only because he bought a great company at a price that was to high. Valuation matters...

[@SilverTemples]

Oh, Linkedin... I have experience with the platform as I oversee marketing in a tech company in So Cal, and damn... there are so many missed opportunities for proper monetization. IF or rather WHEN they figure it out, this might be one hell of a cash cow. For now though, painful to watch

[@kamillesiak2974]

Shouldn't you be considering Internet bandwidth as limiting factor for internet and software based companies ? They still need Internet development in new places to grew. Although I can be bias, as I work in Corning Optical Communications ;)

[@bigrubenzo]

Lets go van eck gaming etf!

[@aplosperastikos1876]

lol bro youre the light at the end of the tunnel for my portfolio. Keep doing what ure doing

[@FellowWorldTraveler]

I believe that the $MSFT sell of is just short term players who did a swing trade around earnings taking profit.

[@ericliddell6579]

Look at WVVI stock after hours. Up 25%. This was a great value micro cap stock. Shooting up

[@BrandonCPack1]

Apple is up 📈

[@SangoProductions213]

I would never invest in a company that thanks those who run concentration camps.

[@SangoProductions213]

@@martinlutherkingjr.5582 There's quite a difference between a company with some bad apples, and one whose business model is repeatedly marred by how not only uncaring it is, but how openly it embraces the elimination of human rights across the world. In how it actively created a film as propaganda before thanking the CCP for letting them film at the camps.

[@jrbello8266]

He posts, i watch I'm a simple man

[@miriamstrauss]

Simple is good

[@SealtheDealTravels]

Nice cash balance!

[@securerandom5420]

Joseph, can you please also post your videos over at Odysee.com?

[@wills.364]

Added more to Microsoft position

[@Shakespielberg]

Fyi folks, if Microsoft overtakes Apple as world's largest company, that will be (by my own count), the 3rd Time in history that Microsoft will be in the #1 slot. The other two official times (based on market cap) were back in late Nov. 2018 (its 2nd time), and then way back in Sept 1998 (its 1st time; when it reached a valuation of about $261 bn USD, and thus beat out GE for the top slot.)

[@whateever1]

I love the analysis but there is no competitive advantage when it comes to coding. People can live without coding and right now it seems very expensive

[@slider292]

I hate to disagree with you, Joseph, but Naval isn't a genius. He's managed to package ideas many other, smarter people have come up with, then pass them off as his own. He can do this because he's rich. Young, impressionable people will always lap up anything rich people say. The guy is obviously smart, but a "genius"? No. At best, he's an opportunist. At worst, he's a peddler of fortune cookie wisdom.

[@roboticski]

Who cares, i would listen to him a million times over again than a guy named slider292 on KZbin.

[@slider292]

@@roboticski I bet you would.

[@Ez_Ukulele]

Killin it Joseph!