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Panic with Friends - Downtown Josh Brown on the Past, Present, and Future of Finance Media

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Howard Lindzon
March 02, 2023

Panic with Friends – Investing for Profit and Joy

I couldn’t be more excited to have my good friend Josh Brown back on the show! Josh and I go way back to the early, early days of Stocktwits. He’s built what’s probably the biggest financial media brand outside of CNBCq and with his partner Barry Ritholtz built a thriving, fast growing Wealth Management business. We go way back to how Josh got started in the business and how he took advantage of some breaks and built his network. We dig a bit into AI, crypto, web2 survivors, and where we’re at with web3. You’re going to really enjoy our conversation. 

You can listen to the podcast here on Spotify or Apple podcast and now all the episodes are on my YouTube channel as well. You can click subscribe on any of these channels and get the podcast alert each week.

You can also listen right here on the blog:

Howard Lindzon - Errors of Omission and other I... by Panic with Friends - Howard Lindzon

In this episode, I’m back in the hot seat again while my producer Knut grills me on what I’m calling my ‘errors of omission’. It’s part of my plan this year to cover various points in my career. Previously I've discussed details on Wallstrip and Stocktwits. Both of those episodes answered a lot of the questions I've been asked over the years.  But one of the questions I’m asked most often as an investor and entrepreneur is, “Howard, what’s your biggest mistake, your biggest miss?” I’ve been in this game for a while now – so it’s a splendid idea to finally share them in a format where everyone can learn from my mistakes.  I lay out my biggest errors, or what I would call errors of omission versus errors of commission, in the spirit of Bessemer Ventures “anti-portfolio” – that is some of the biggest ones they missed, like AirBnb, Coinbase, and eBay to name a few. I cover three of my biggest whiffs. It's part of the joy of investing, the irreverence, having the cojones to create a whole anti-portfolio and share it. You may have even heard of one or two of mine.

https://cms.megaphone.fm/channel/STKT8917579627

For more details on today’s conversation read on below…

Guest: Josh Brown

Profile: CEO and co-founder of Ritholtz Wealth Management

Where to Find Him: Instagram | LinkedIn | Twitter

What is Josh Panicked About? All sorts of panicked about the stock market as usual.

Show Notes:

  • Introduction. (00:37)

  • Welcome Josh (03:30)

  • Comparing T scores (03:48)

  • Early days nostalgia (08:33)

  • Building the tribe (09:47)

  • Social Media wild west (13:16)

  • Picking the right social platform (18:19)

  • LinkedIn - the next generation (21:17)

  • Building Finance/Media culture (28:30)

  • Josh makes a comeback (29:34)

  • Birth of Ritholtz Wealth Management (31:40)

  • Opportunity in Wealth Management (34:02)

  • web2 survivors (36:32)

  • Evolution of web 3 (36:51)

  • DeFi not working as intended (38:00)

  • Josh’s thoughts on Oculus (39:13)

  • Diving deeper into web 3 (39:26)

  • ChatGPT changing everything (41:01)

  • The promise of crypto (42:33)

  • AI tools cut advisor workloads (44:27)

  • Days of arbing algo’s are over (45:63

  • Wrapping it up. (47:11)

  • Closing thoughts. (50:17)

Related:

© Panic with Friends, 2022. All rights reserved.

Host: Howard Lindzon | Producer: Knut Jensen | Researcher: Pete Weishaupt            Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For full disclosures: https://howardlindzon.com/c/disclaimer/

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