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Whitney Tilson: “I own a bunch of S&P 500 index fund. Even though I'm a…”

Featuring: Whitney Tilson, Democratic | Former Hedge Fund Manager, Candidate for New York City Mayor

WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons

Published September 10, 2024 | Video Starts at 22:09

That's a pretty important investment lesson. Final question, the one investment for a long term diversified portfolio. Again, at the end of every show, we ask our Wealth Truck guests that question. I own a bunch of S&P 500 index fund. Even though I'm a professional stock picker. Part of that is because in my newsletter, I can't own the stocks we recommend for conflict of interest reasons, we always put our subscribers first at Stansberry Research. (22:09–22:15)

CLAIM

Asserts that Whitney Tilson owns S&P 500 index funds despite being a professional stock picker.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Whitney Tilson

“One of the reasons that the Facebook Stock declined by 80% and earnings declined by 40%, which drove an 80% decline in the stock.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 06:40-06:50
“Mark Zuckerberg had gone all in on the Metaverse and was pouring, I don't know, $15 billion a year of Facebook's prodigious profits into…”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 07:28-07:45
“That took $10 billion off of Facebook's revenues the year after Apple implemented that.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 09:23-09:30
“8 out of 10 years. Historically the market goes up. The natural state of affairs is a bull market.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 14:43-14:51
“There have been, I would say once every 10 years a big obvious bubble that can really shake the market and knock the S And P down 50% come…”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 14:50-15:00
“The markets have just gotten massively more competitive because you're now competing against supercomputers programmed by armies of PhDs…”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 04:06-04:19
“Traditional things like a spinoff used to be, you know, looking at companies that spun off subsidiaries used to be just shooting fish in a…”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 04:20-04:40
“Apple put in privacy mechanisms for all iPhone users which made it much more difficult for, for example, most importantly Google and…”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 08:45-09:04
“It is quite rare to see one of the 10 largest stocks in the world by market capitalization decline by 80%.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 10:17-10:26
“There is definitely a slowdown, I wouldn't say a recession, but a slowdown among low and moderate income American families and households.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 11:47-11:57
“Five Below is taking a few percentage points hits on their same store sales this year because the squishmallows have gone away and are no…”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 13:14-13:25
“Our economy, by and large, is doing well. We brought inflation under control without triggering a recession.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 15:48-15:55
“The unemployment rate has ticked up a little bit, but it's still low by historical standards.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 15:54-16:00
“In my newsletter, I can't own the stocks we recommend for conflict of interest reasons.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 22:16-22:21
“The stocks traded down to well below a market multiple about 15 times earnings.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 23:05-23:11
“The stock might have one more leg down. It's already taken a number of legs down to be down 65% this year.”
WealthTrack Interview with Whitney Tilson on Investment Strategies and Market Lessons | Uploaded September 10, 2024 | 23:48-23:56