Lagniappe

Investing vs Speculation: Tempering the Blockchain Hype


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In this episode, Doug and Greg discuss everything you need to know about the blockchain, cryptocurrency, and digital assets—its speculative market, its stance against looming inflation, and its promise to be the currency of the future.


Key Takeaways

  • [00:42] - The triple threat of policy tightening.
  • [02:05] -  Insights on unemployment during COVID.
  • [06:04] - The need for focusing on continued ability to grow amid the pandemic.
  • [07:40] - What transpired in the downfall of Peloton?
  • [10:38] - Why old-world, bottom-up investing may be the way to go.
  • [13:04] - Are bitcoin and other cryptocurrencies hedged against inflation?
  • [16:08] - Should you invest in blockchain stocks?
  • [17:32] - What's promising about blockchain?
  • [18:04] - How blockchain-based companies work.
  • [19:37] - Cryptocurrency as fiat money.
  • [21:04] - What's the future for digital assets and crypto?

  • Quotes

     [04:15] - “In the last 10 years, I would imagine that people are hitting their retirement objectives earlier than they were planning on if they were doing any planning, just because of the growth in markets.” - Doug Stokes

    [11:18] -  “That particular investment style— the bottom-up, buying earnings, buying companies that have consistent earnings —was really not in favor until the last 18 months or the last seven to 10 years. But it has definitely come into favor recently.” - Greg Stokes

    [14:27] - “We can see on both sides that when things are not going well in markets in general, I think people are just dumping everything. And instead of viewing that as sort of a hedge on overreaching government and inflation, it's basically just a complete speculative bed right now.” - Doug Stokes


    Links 

    • Minutes of the Federal Open Market Committee, December 14-15, 2021
    • December jobs report: Payrolls rise by 199,000 as the unemployment rate falls to 3.9%
    • CARES Act
    • NASDAQ
    • Teladoc
    • Peloton
    • Lemonade
    • DocuSign
    • Roku
    • Bitcoin
    • Netscape
    • Stanford MBA programs

    • Connect with our hosts

      • Doug Stokes
      • Greg Stokes
      • Stokes Family Office

      • Subscribe and stay in touch

        • Apple Podcasts
        • Spotify
        • Google Podcasts
        • LagniappePodcast.com

        • Disclosure

          The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

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