The Case for Cable+ Streaming Service, 2024 Outlook and A Recap Of The Q4 Stock Rally

Listen in podcast app and follow below for the podcast topic arc.

1. Netflix is Cable and Cable is Netlfix

2. Amazon will bundle sports and news

3. Market update

4. 2024 outlook

5. Plans for the holidays

6. Recommendations and Links

Listen on Apple, Spotify, or Google Podcasts.

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Market Update📈📉

Merry Chrysler Everyone!

After one of the biggest rallys in stock market history, we think its fair for the podcast to take a break.

In doing that, we want to provide everyone with all the reading and listening we’ll be tackling as we head into the Christmas break.

Twitter links from the pod:

• Lego thread

• Trevor Tombe talking about Canadian Inflation

• Trevor Scott and the opportunity in Fairfax

Best 2024 Outlooks from across the finance industry:

• BlackRock: 2024 Global Outlook

• PIMCO: Prime Time for Bonds

• Robeco: 2024 Outlook: Goldilocks: Exit stage right

• Charles Schwab: U.S. Outlook: One Thing Leads to Another

• Charles Schwab: 2024 Global Outlook: The Big Picture

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Summary Reports

• Vanguard: Economic and Market Outlook for 2024

• Morgan Stanley: 2024 Global Macroeconomic Outlook: Central Banks Look for ‘Just Right’ on Rates

• Morgan Stanley: 2024 Investment Outlook: Threading the Needle

• Goldman Sachs: Macro Outlook 2024: The Hard Part is Over

• Goldman Sachs: 2024 U.S. Equity Outlook: “All You Had To Do Was Stay”

• Bank of America: 2024 Outlook

Real Estate

• Nareit: 2024 REIT Market Outlook

• Realtor.com: 2024 Housing Market Forecast and Predictions

Miscellaneous

• Cambridge Associates: 2024 Outlook: Private Equity & Venture Capital

• Deloitte: 2024 Investment Management Outlook

• McKinsey: The State of Fashion 2024

Podcast & YouTube Recommendations🎙

• Bezos Interview With Lex Friedman and 5 takeaways from the Bezos interview:

1) Deep self-awareness & stacking the deck in your favor is a good formula for career success.

2) Many people self-identify as entrepreneurs because it's cool vs. what's actually true.

3) Great entrepreneurs are able to telescope flawlessly. They drift from cloud to mud discussions in seconds.

4) Irrational optimism lets you start a business. Emotionless pragmatism lets you succeed in business.

5) Powerpoints are terrible meeting tools. They are meant for persuasion & selling vs. problem-solving & truth-finding.

• My Favorite Two Boomer Influencers Talk Health and Longevity:

• What Happened To AI in 2023!?:

Best Links of The Week🔮

• Trading for a Living (Jared Dillian)

Ex-trader turned fantastic writer, Jared Dillian publishes one of my favorite blogs on the internet. Not only does he educate and entertain with everything he writes, but he does so in a style all his own. I particularly enjoyed this piece on trading because it’s filled with insights that are completely foreign to me. Though I have no interest in day trading, Jared is able to make this topic come alive in a way that is both beautiful and intriguing. There is this level of depth of that makes you want to keep reading. Don’t just take my word for it though, see for yourself.

• The Levers That Money Can’t Pull (Lawrence Yeo)

Lawrence Yeo doesn’t usually write about money, but, when he does, I listen. In this post he does a deep dive on the things that money can and can’t do for your life. While we all know that money by itself can’t buy you love or purpose, Lawrence has a unique way of approaching this problem that makes his writing so compelling and memorable. If you ever need a reminder on the importance (and non-importance) of money, this post is for you.

• The Problem with Being House Rich (Ben Carlson)

In this piece, he provides a friendly reminder of the fact that most Americans have most of their wealth in their home. He goes on to explain how this can be problematic for some who look rich on paper, but can’t access their wealth when it is needed most. For those of you that want to better understand the tradeoffs associated with being “house rich,” look no further.

• The Myth of the Broke Millennial (Jean M. Twenge)

I love it when a writer busts a commonly held (yet mistaken). Jean takes her analysis to the next level by demonstrating how Millennials (my generation) aren’t as far behind as previously believed. Her analysis examines changes in income, wealth, and why Millennials still might feel poor despite these improvements (hint: it’s the media). Though the myth of the broke Millennial persists today, I’m hoping this article will change your mind.

• Seven Deadly Stocks (Michael Batnick)

Michael hasn’t written much this year, but this piece shows that he’s still got it. Of all the beliefs that have been endlessly repeated in 2023, the most common one I’ve heard is that the market is being carried by a small number of large stocks (i.e. “The Magnificent 7”). Michael does a great job of providing context to illustrate that the Magnificent 7 weren’t always so magnificent. If you need a short, but sweet post to understand why the rise of the Magnificent 7 isn’t necessarily a problem, then this post is for you.

• Charlie Munger’s Life Was About Way More Than Money (Jason Zweig)

Following the death of Charlie Munger a few weeks ago, the internet was flooded with articles and Twitter threads of Munger’s wit and wisdom. As I read through these I saw the same stories, quotes, and ideas repeated again and again. But then, I read Jason Zweig’s piece about Munger and was truly in awe. Even when you think everything has been said on a topic, Jason finds a way to write something truly original. As I’ve said before, “When information is cheap, wisdom is expensive.” Thankfully, Jason continues to share his wisdom with us year after year.

• "Next year is poised to be a pivotal year, where SpaceX’s performance will act as the barometer for the entire space investment landscape. 

The spotlight will shine particularly bright on the much-anticipated Starship launch, with its success being a potential catalyst to galvanize and elevate investor optimism to new heights. Adding another layer of intrigue to the financial landscape is the prospect of Starlink, SpaceX’s satellite internet venture, going public. The mere contemplation of an initial public offering for Starlink has the potential to be nothing short of transformational for the space sector." Source: TechCrunch

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