About this episode
Wall Street meets real talk in this week’s In the Money with Amber Kanwar, featuring none other than Downtown Josh Brown — the CEO of Ritholtz Wealth Management, CNBC regular, and host of the hit podcast The Compound and Friends. From surviving the chaos of the 2008 financial crisis to building a wealth management firm with billions under management, Josh shares how storytelling, not spreadsheets, shaped his investing journey.Amber and Josh dig into today’s market vibes — from AI-fueled rallies to why valuations “don’t have to rhyme with 2000.” Josh tells us how he thinks about managing risk, and what he really thinks about gold, tariffs, and America’s new brand of “mercantilism.” Importantly he tells our listeners to stay invested, diversify and offers his most important rule: shut the f**k up! In Pro Picks, Josh opens up his own portfolio and explains why his biggest bet is on Uber (UBER) — the “cheapest large-cap tech stock,” and his play on the future of autonomous delivery and driverless mobility. He’s also adding to Amazon (AMZN), confident that its partnership with Anthropic and growing cloud presence will make it a bigger AI winner than investors realize. Then there’s Rocket Companies (RKT), which he calls a top way to play a housing rebound and the refi boom he expects once rates fall. And finally, Toast (TOST) — his pick for the restaurant tech revolution, building a sticky ecosystem from payments to payroll that could make it the “Amazon of hospitality.”Timestamps00:00 Show intro02:00 Downtown Josh Brown tells us how he he fell in love with the stock market05:30 Why Josh started the blog The Reformed Broker, and how it changed his life 08:30 It’s hard to remind yourself that history doesn’t repeat10:30 Is Josh worried right now?13:00 Where does the market go from here? The mean reversion you’re waiting for isn’t going to happen17:00 Stay invested, respect trend and shut the f**k up20:40 Why Josh & Ritholtz make tailored, bespoke portfolios for clients23:40 What is the gold rally telling Josh?33:15 Cross-Border investing with Raymond James35:35 What does Josh think about Canada? He loves it37:55 Why Josh thinks the most dangerous place to be is a shareholder in the biggest company in Canada40:05 Risk is to the upside when it comes to tariffs42:10 Josh says Trump is not a capitalist, he’s a mercantilist45:15 Josh’s Pro Picks (UBER, AMZN, RKT, TOST) SponsorsFor over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more information
