On this week’s episode Jacob, Dan, and Noah talk about what Laminate Money is, the incredible success and the opportunity and risks around Meta’s new platform Threads, home price growth in the US, Friday’s payrolls report, big pharma’s big cash pile, 11 ways cynics argue any news is bad news, and how Goldman Sachs plans to leave it’s partnership with Apple.

On this week’s episode Tom, Jacob, and Dan talk about Instant Pot and it’s ironic demise, next twelve earnings per share updates, the mid year outlook, the modern wealth survey, the key to making good financial decisions, and how people’s past and present perceptions change.

Email us at [email protected] for questions or suggestions for future topics.

Subscribe to the Weekend Reads https://www.fjellcapital.com/weekend-reads?utm_campaign=ep39&utm_medium=social&utm_source=fjellcorporate

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What Went On

On this week's episode Tom, Jacob, and Dan talk about what average is and why not everyone can be above it, they also talk about the sudden bullish sentiment in the market, why houses are so expensive, automating everything in your life, throwing money at problems, and about preserving optionality.

Email us at [email protected] for questions or suggestions for future topics.

Subscribe to the Weekend Reads https://www.fjellcapital.com/weekend-reads?utm_campaign=ep38&utm_medium=social&utm_source=fjellcorporate

Become a client of Fjell Capital https://www.fjellcapital.com/start-here?utm_campaign=ep38&utm_medium=social&utm_source=fjellcorporate

Suggestion

Be Average In Most, Just Not With Your Money (https://www.fjellcapital.com/posts/be-average-in-most-just-not-with-your-money?utm_campaign=ep38&utm_medium=social&utm_source=fjellcorporate)

What Went On

How much could AI boost US stocks? (https://www.goldmansachs.com/intelligence/pages/how-much-could-ai-boost-us-stocks.html?chl=em&plt=briefings&cid=616&plc=body)

The 'most popular prediction' about stocks going into 2023 has been dead wrong 😬 (https://www.tker.co/p/first-half-selloff-prediction-wrong)

Why Are Houses So Expensive? (https://ofdollarsanddata.com/why-are-houses-so-expensive/)

Automate everything in your life (https://humbledollar.com/2023/06/improving-my-habits/)

Money and problem solving (https://maddieburton.substack.com/p/throwing-money-at-unsolvable-problems)

Preserving Optionality and Other Things (https://kyla.substack.com/p/preserving-optionality-and-other)

Quote of the Week

“I would almost say that the conditions that we need to see in place to get inflation down are coming into place.” Jerome Powell on inflation

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money, investing, investments, markets, stocks, bonds, the fed, stock market, rithotlz wealth management, the compound and friends, animal spirits, the all in podcast, josh brown, laminate money podcast, personal finance, dave ramsey, why should you invest, why do people invest, how to invest, financial education, american debt, budget money debt cash, personal finance, how to invest in real estate, how to start in real estate, compound interest, buying house, save, insurance, buy, snowball, pay off debt, debt free journey, financial independence, how to pay off debt, how to pay off student loans, debt snowball, tom stadum, jacob radke, noah gjesdahl, fjell capital, fjell fargo, fargo north dakota, fjell, layer by layer, financial life

On this week’s episode Tom Stadum, Jacob Radke, and Noah Gjesdahl talk about the process in which billion dollar companies are formed and how it’s the same as your financial life, the Apple Vision Pro and how it could shape our future, Marc Andreesen’s “AI will save the world”, how expectations are a liability in your life, the rebalancing bonus, the SEC crackdown on Coinbase, and the unrelenting labor market.

Email us at [email protected] for questions or suggestions for future topics.

Subscribe to the Weekend Reads https://www.fjellcapital.com/weekend-reads?utm_campaign=ep37&utm_medium=social&utm_source=fjellcorporate

Become a client of Fjell Capital https://www.fjellcapital.com/start-here?utm_campaign=ep37&utm_medium=social&utm_source=fjellcorporate

Suggestion

When it comes to growing your net worth. This couldn't be truer. (https://www.fjellcapital.com/posts/when-it-comes-to-money-and-growing-your-net-worth-this-couldnt-be-truer?utm_campaign=ep37&utm_medium=social&utm_source=fjellcorporate)

What Went On

Is a new bull market here? https://awealthofcommonsense.com/2023/06/is-this-a-new-bull-market/

How AI will save the world https://pmarca.substack.com/p/why-ai-will-save-the-world

SEC says Coinbase is an exchange https://www.wsj.com/articles/sec-sues-coinbase-says-it-is-unregistered-broker-dealer-95ec0637?mod=hp_lead_pos2

10 ideas for a better life https://moneytalks101.substack.com/p/10-steps-for-a-happier-life

Quote of the Week

“A goal without a plan is just a wish.” - Antoine de Saint-Exupéry

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money, investing, investments, markets, stocks, bonds, the fed, stock market, rithotlz wealth management, the compound and friends, animal spirits, the all in podcast, josh brown, laminate money podcast, personal finance, dave ramsey, why should you invest, why do people invest, how to invest, financial education, american debt, budget money debt cash, personal finance, how to invest in real estate, how to start in real estate, compound interest, buying house, save, insurance, buy, snowball, pay off debt, debt free journey, financial independence, how to pay off debt, how to pay off student loans, debt snowball, tom stadum, jacob radke, noah gjesdahl, fjell capital, fjell fargo, fargo north dakota, fjell, layer by layer, financial life

On this weeks episode Tom, Jacob, and Noah talk about what having enough actually means for individual people, they also talk about the 5 stocks that are leading the market, State Farm’s ban on CA home insurance, the debt limit, the fed, why down and sideways markets are bullish, and how there is a shortage AGAIN in semiconductors.

Email us at [email protected] for questions or suggestions for future topics.

Subscribe to the Weekend Reads https://www.fjellcapital.com/weekend-reads?utm_campaign=ep36&utm_medium=social&utm_source=fjellcorporate

Become a client of Fjell Capital https://www.fjellcapital.com/start-here?utm_campaign=ep36&utm_medium=social&utm_source=fjellcorporate

Suggestion

https://www.fjellcapital.com/posts/enough-whats-enough?utm_campaign=ep36&utm_medium=social&utm_source=fjellcorporate

What Went On

The 5 stocks killing it (https://www.fjellcapital.com/posts/the-stock-market-year-to-date-has-defied-expectations-what-could-change?utm_campaign=ep36&utm_medium=social&utm_source=fjellcorporate)

State Farm is out of CA (https://grist.org/housing/state-farm-california-insurance-wildfire/)

The debt limit deal got done (https://www.wsj.com/articles/debt-ceiling-limit-winners-losers-a212028d?mod=hp_lead_pos3)

We haven’t spoke about the Fed in awhile (https://www.wsj.com/articles/fed-official-says-rate-pause-doesnt-signal-end-to-hikes-758041e5?mod=economy_lead_pos1)

Why down and sideways markets are bullish (https://ofdollarsanddata.com/why-down-sideways-markets-are-bullish/)

There simply aren’t enough semiconductors (https://www.wsj.com/articles/the-ai-boom-runs-on-chips-but-it-cant-get-enough-9f76f554)

Quote of the Week

The best way to predict the future is to create it." - Peter Drucker

Nvidia climbed 26% post earnings, the tech sector is over 30% higher on the year, tech companies and building their own chips with US chipmakers, and AI is being talked about as a platform shift. It is clear the game is changing, but how?

On this week’s episode Tom, Jacob, and Dan talk about the change in AI, Microsoft’s Build conference, Nvidia’s stellar day, Apple’s lag and chip deal with Broadcom, Q1 earnings by the numbers, and how the rule of 72 needs to be understood by investors.

Email us at [email protected] for questions or suggestions for future topics.

Subscribe the weekend reads here https://www.fjellcapital.com/weekend-reads?utm_campaign=weekendreads&utm_medium=social&utm_source=fjellcorporate

Become a client here https://www.fjellcapital.com/start-here?utm_campaign=weekendreads&utm_medium=social&utm_source=fjellcorporate

Suggestion

https://www.fjellcapital.com/posts/the-rule-of-72?utm_campaign=ep35&utm_medium=social&utm_source=fjellcorporate

What Went On

Earnings by the numbers (https://insight.factset.com/earnings-insight-infographic-q1-2023-by-the-numbers)

Nvidia spikes 26% after stellar earnings guidance (https://www.cnbc.com/2023/05/24/nvidia-nvda-earnings-report-q1-2024.html); can big tech continue this rally (https://www.capitalgroup.com/advisor/insights/articles/big-tech-turnaround-can-it-continue.html)

The AI platform shift (https://stratechery.com/2023/windows-and-the-ai-platform-shift/)

Apple strikes a multibillion dollar deal (https://www.wsj.com/articles/apple-strikes-multibillion-dollar-supply-deal-with-broadcom-58c0c7e7) with Broadcom, seems like semi deals are happening left and right

Share buybacks are booming (https://www.wsj.com/articles/share-buybacks-continue-at-torrid-pace-while-investors-sit-on-sidelines-4c1b4e59?st=ordjvqf4gqnuu1g&reflink=desktopwebshare_permalink) as investors have been trimmed stocks

Don’t underestimate the US consumer (https://www.tker.co/p/consumer-spending-resilient-finances-strong)

Quote of the Week

“We say ‘no’ to almost everything” - Eddy Cue of Apple on their success.

Influence is a precursor to success. If you want to earn more money, save more money, start a business, or raise kind kids, you need influence. In this video, we share seven ways you can win more influence as you seek to build an above average balance sheet.

Tom, Jacob, and Noah on this episode also talk about Tom’s time in New York, Stan Druckenmiller’s quote about free money, the 16 levels of wealth according to Morgan Housel, the “civil war” in Silicon Valley, the three outcomes in housing, the genius of Bob Iger, and one of the wildest pieces of click bait I have seen.

Email us at [email protected] for questions or suggestions for future topics.

Subscribe to the Weekend Reads www.fjellcapital.com/weekend-reads

Show Notes

Suggestion

https://www.fjellcapital.com/posts/how-to-increase-your-influence-and-achieve-success

What Went On

16 levels of wealth (https://collabfund.com/blog/the-spectrum-of-financial-dependence-and-independence/)

Civil war in Silicon Valley (https://www.tabletmag.com/sections/news/articles/silicon-valley-civil-war)

The 3 options for housing (https://awealthofcommonsense.com/2023/05/the-housing-market-lottery/)

Genius of Disney (https://www.wsj.com/articles/netflix-pitches-advertisers-as-ad-tier-trails-smaller-rivals-dd394ffb?mod=hp_lead_pos3)

The craziest headline I have seen in a while - “Home Prices Posted Largest Annual Drop in More Than 11 Years in April” (https://www.wsj.com/articles/home-prices-posted-largest-annual-drop-in-more-than-11-years-in-april-613f2d58)

Quote of the week

“If you give people free money, they will do stupid things.” - Stan Druckenmiller

There is no silver bullet when it comes to investing. What works well in one economic cycle may not work well in another. That's why it's important to be flexible and adaptable. In this video, we'll share some tips on how to find the investment opportunities in any economic cycle.

What Went On

Quote of the Week

On this week’s episode Tom, Jacob, and Noah talk about how to fix financial mistakes, what impact interest rates have on stock market valuations, money and happiness, the debt ceiling and how it’s politicized, regional banking crises, ChatGPT’s first victim, large tax revenue losses in pandemic exodus states, and Apple found strength in India and the Middle East.

Email us at [email protected] for questions or suggestions for future topics.

Subscribe to the Weekend Reads

Suggestion

Fixing financial mistakes

How Interest Rates & Inflation Impact Stock Market Valuations

Money Can’t Buy Happiness…Or Can It?

Political debt ceiling chicken

JPMorgan acquires First Republic Bank, PacWest is looking for a buyer, and regionals feel the pain

ChatGPT and AI maybe just claimed it’s first victim

New York and Cali lost over $90 billion in income over the pandemic

Apple found strength in India

“It's always a sad day when you see a bank fail but we are all very pleased to get the major source of uncertainty that was remaining from the recent bank turmoil addressed… This is a case of a small handful of banks that were poorly managed and getting this addressed is very important.” CEO of JPMorgan Chase, Jamie Dimon, on the First Republic acquisition

On this week’s show Tom, Jacob, and Noah talk about how much margin impacts your personal financial life, the problem with being house rich, free money’s demise, phenomenal earnings, European luxury, and the debt ceiling.

Email us at [email protected] for questions or suggestions for future topics.

Subscribe to the Weekend Reads 👉 https://www.fjellcapital.com/weekend-reads

Become a client of Fjell Capital 👉 https://www.fjellcapital.com/start-here

The problem with being house rich

The unbearable heaviness of being positioned

The Free Money Feels (And May Be) Gone

Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers. - WSJ

SPACs Delivered Easy Money, but Now Companies Are Running Out - WSJ

Earnings season is going phenomenal, just look at these companies that are able to pass higher prices (easily)

Price over volume

Cleary luxury has a place in the world, LVMH is Europe’s first $500 billion company

“Apple was not that hard to understand. I mean, how dumb was I.” Legendary investor Peter Lynch on missing Apple.