The Money Runner - David Nelson

So you want to be a talking head on TV. You're smart, you're talented, and you want to make the next step. There is a dark side to being a TV Talking Head. Let's talk about it.
00:00 So you want to be on TV
00:38 Anchors & hosts need you
00:55 Politics, sports, markets & the economy
01:28 The problem is you start to fall in love...
01:47 Fox news anchor told me this
02:11 Payback
02:43 The best interview
03:08 It hurts
03:24 Broadcast news
03:37 Your own podcast
03:57 It's a gut punch
04:24 Listen to the anchor
04:35 Producers will do anything
04:51 Not as smart as you

Stock buybacks are sold as an efficient way to return capital to shareholders. That's the problem with a lie. A good lie has just enough truth in it to sell the fantasy. A stock buyback is CEO code that they have run out of ideas on how to grow the company. The easiest way to hit a performance target and make their bonus, is to buyback stock.

00:00 President Biden's comments
00:22 Bill Clinton
01:00 Performance based pay
01:16 Inside joke
02:11 It sounds great
02:28 Cold hard cash
02:43 Regulating income isn't the goal
02:56 Sky is the limit
03:28 The Lie
03:42 ESG
04:32 Companies that paid the price
04:49 Warren Buffett buys IBM
06:32 Hall of Shame
07:23 The Truth
07:52 Energy
08:49 The President's plan
09:05 The road to hell
09:39 Do something about it

This episode explores what the defense department doesn't want you to know. The real cost of shooting down a Chinese Spy balloon, The threats we face are a clear and present danger and if we don't get some religion on how we fund the military we may not be able to deal with these threats in the future.

When I started the Money Runner I said it would be a show about money. Sometimes that takes us into the belly of the beast, Washington. - David Nelson
00:00 Introduction
01:30 Rising threat from China
01:59 Why did we take so long to shoot it down?
02:20 Clear and present danger
02:39 Government Waste
02:54 Benjamins and Political Survival
03:15 Strong National Defense
03:26 Flawed from the start
03:58 F22 history
05:10 Military tries to save money
05:41 Term Limits
06:02 Time to get religionn
06:33 $640 Toilet Seat
07:07 F35 Program
07:31 China, Russia, North Korea & Iran

David gives his State of the Market speech to the nation and reveals the day he believes this bear market ends.