5 episodes

From China, global trade, and the definition of value to inflation, commodities, and much more — Join Austin Willson and Michael O'Connor as they discuss long-term topics and trends, how they can affect your portfolio, and what you can do about it!

The Long Run Show Benzinga

    • Business
    • 5.0 • 2 Ratings

From China, global trade, and the definition of value to inflation, commodities, and much more — Join Austin Willson and Michael O'Connor as they discuss long-term topics and trends, how they can affect your portfolio, and what you can do about it!

    How To Measure The Value of NFTs

    How To Measure The Value of NFTs

    The Elevator Pitch For Value
    Welcome back to The Long Run Show. Today we are going to talk about how to value your investments.
    Starting with a rather philosophical definition of value, hosts Austin and Mike go through techniques to value the new retail investment tools such as NFTs, and MEMEs.
    #META,#NFT,#MEME,#VALUE
    Hosted By:
    Austin Willson
    Michael O'Connor
    NOT FINANCIAL ADVICE
    The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice

    Unedited Transcript:
    Welcome back to the long run show. This is Austin Wilson coming to you with Michael O'Connor. Hello, today, we are going to talk about value. What is value? Why do you buy it? How do we quantify it is qualitative all of the above to do with value. Uh, this is going to be a little bit more of a philosophical episode, uh, but I think it's important to understand.

    Kind of the, the philosophical, the mindset, the theory, if you will, around the wiring. Not quite, but that too. We can talk about that. So we're going, gonna dive into everything from crypto alternative investments to stocks, bonds, all of it. And how. Do we value it? Why do we value it? Why invest almost. So it's going to be a bit of a meta episode here, but I hope you'll hope you like it.

    So to get things kicked off here, Mike, um, I'm just going to ask you, what is. Ooh, that's a, quite the opening salvo there, Austin. Uh, well, let's see, ready go. The elevator pitch of what is value, sell me on value. Sell me on value, not value investing, which again, that's something we can, we can talk about it here too.

    Like value investing, growth investing. I've never really understood the difference to be honest, but, but initially value. What, what is value when we say value? Y what are we, what do we mean? Yeah. At the end of the day, value is a, it's hard to pin down because it it's, it describes so many things in so many different ways.

    I think the best way to do it is something like you said, take almost a philosophical approach and step back and try and try and look at what the first principles of value could be. Um, I think that value is a way of. Quantifying what something means in relation to either, you know, uh, the economist of me would say, you know, a utility or a perceived value is kind of also floating around there of, you know, there's this, the element that it is a, a construct of the mind in one way or another, because different people can assign different values to different things.

    But at the same time there, I think there is an objectiveness to value that something that has a use or a, some sort of actionable, actionable ability to it that improves either quality of life or survivability. I mean, if you want to get down to the very deep level of, you know, what is the value of food or water or shelter.

    And this the, the classic, you know, would you rather have diamonds or water in a desert if you're going to die? So it's a, you know, value depends on the environment that you're in. It depends on the situation that you're in. Depends on how you perceive the things that you're trying to value, but. I mean, without going too far down the rabbit hole there, I think in the average day-to-day life of both of us and in people who are listening and investors all over the globe and especially in United States, I think value is pretty out of our hands in a lot of ways.

    I think it's, it seems to be assigned in a lot of ways. And I think that's how a lot of people perceive things. Like if a shirt is. $30 at the clothing store, but it's suddenly, it's 50% off you say, wow, I've got a great deal. Like that's great value, even though maybe the, to make it, it was only a dollar, you know?

    So there's, I think there is a, an ideology that value is in some ways assigned in some ways out of the hands of any individual player, um, So there's that kind of value that exterior value that is almost imposed on us and our experiences by exteri

    • 43 min
    How Tesla Dominated The EV Market

    How Tesla Dominated The EV Market

    The EV Phenomenon
    Tesla Stock Hits $1K even after split How did they get to this level?
    Hertz Orders 100k Teslas for ental fleet
    EV Mindset Change- Will Americans get used to the Idea of plugging your car in?
    Magnetic Highways That Charge Your Car
    Tesla Wannabes
    Welcome back to The Long Run Show. Today we are going to talk about The EV Industry.
    #TSLA #ELONMUSK
    Hosted By:
    Austin Willson
    Michael O'Connor
    NOT FINANCIAL ADVICE
    The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice

    Unedited Transcript:


    Support this podcast at — https://redcircle.com/the-long-run-show/donations

    • 38 min
    Crypto Assets - What Percentage Should They Take Up In Your Investment Portfolio?

    Crypto Assets - What Percentage Should They Take Up In Your Investment Portfolio?

    How To Approach Crypto Assets
    Welcome back to The Long Run Show. We are going to talk about hot topic cryptocurrencies, or as I sometimes refer to them as crypto assets.
    Hosted By:
    Austin Willson
    Michael O'Connor
    NOT FINANCIAL ADVICE
    The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice

    Unedited Transcript:
    Welcome back to the long run show. We are back here this week. We are going to talk about hot topic cryptocurrencies, or as I sometimes refer to them as crypto assets. Ah, yes, this is, uh, quite the topic quite.
    I'm very interested to hear. What your opinions are you a little behind the scenes? Austin here has said that his opinions have changed regarding crypto in the last few weeks, three months, or it has been modified. I would say they've been, they've gone from being decently. Uh, sure. Two more fluid at this point.

    So we can flush that out a little bit, but, um, I will say right off the bat here, as we just kinda introduce the topic of cryptocurrencies, Mike was, uh, was my. True introduction to cryptocurrencies. I would say, um, he actually was, was the first one to kind of get me into actually buying cryptocurrencies and, and trading and all that stuff.

    Um, so that that's, I, I gotta give you some props there, Mike, but, uh, I thank you. You're welcome. Um, but I had obviously heard of cryptocurrencies before. Didn't really think much of them, again, probably like most people until early 2021 and was like, what is going on with these? I probably should look into this a little more seriously.

    Um, so that was kind of my personal introduction to them, but cryptocurrencies in the long run, I don't, this is where my opinion is becoming more fluid. Um, and I'm interested to see, um, you as the. Expert out of the two of us, what your thoughts are. Um, as far as the long term outlook for cryptocurrencies, it seems like.

    If we had had this conversation six months ago would be very different than the conversation we're going to have today, especially in light of just recent news. I mean, you've got China completely banning cryptocurrencies entirely from their country. Uh, you've got the U S who said we're not going to ban.

    But we're probably going to regulate them and, or at least stable coins in the very near, near, near future. And they're also exploring, sounds like, um, some plans to create their own U S D um, so that could get old coin Powell coins. Um, so that could get, that could get kind of interesting. So, um, really, I just want to ask, actually ask you to kind of get.

    Uh, maybe just a brief overview, which is good luck, even a brief of just cryptocurrencies or crypto assets. Do you prefer one term in the other? You can, you can answer that question in there too, but, um, just so everyone is aware, like the innovation that, that brings to the table. Why is, why is this, why is this a thing in 2021?

    Sure that that's a great question. And to tackle the first thing that you said right off the bat, I find it interesting that you use the word crypto assets. Um, and I think that that is a very, a very financial industry kind of term to use for it. Whereas I think most of the people who are on the development side of actually developing on blockchains and stuff say either cryptocurrencies are just crypto or something.

    Um, cause I think a lot, most, I think a lot of people who. Deep in the trenches of the, of the actual, like the blockchain industry, don't considering it don't consider it the law, um, an asset as much as a project. And I think that's one of the defining points of cryptocurrency. So diverges, it does divert.

    So I mean the whole thing with the whole thing with Bitcoin, you have a distributed ledger. You have, um, you know, instantly verifiable, very, very secure, uh, easily. Pretty pretty darn, uh, impossible to know who's doing what it's a very, it's a very, I mean the whole word decentralized it's it's not, yeah, it's no

    • 41 min
    How To Position Chinese Stocks In Your Investment Portfolio

    How To Position Chinese Stocks In Your Investment Portfolio

    Understanding China
    Today in the Long Run Show, Austin and Mike talk about how the Chinese Government plays its role as an economic powerhouse in markets and how retail investors should approach Chinese
    China is slated to surpass the US in terms of GDP worldwide in between 2026 and 2030. Austin and Mike discuss whether the regulation risks posed by the Chinese Government is overstated by the Western media and look at institutional investors sentiment towards Chinese stocks.
    Hosted By:
    Austin Willson
    Michael O'Connor
    NOT FINANCIAL ADVICE
    The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice
    Unedited Transcript:
    Here we are from Detroit, Michigan. This is Michael O'Connor and my co-host Austin Wilson with the long run show. How are you doing?
    I'm doing great. I'm doing great. I'm excited to, uh, to talk about China today. Ooh. Yes. Interesting, interesting episode, big topic, big country. Everything's bigger in Texas, but everything's even bigger than that in China. Don't take techs. Don't tell them any Texans who are listening. It's a joke. Don't worry about it.

    Just laugh. Yeah. Yeah. So yeah, a big topic today, China, I it's so talked about for very good reason. They've experienced just incredible growth in the last decade. Um, Even the last few years have been pretty incredible. There's definitely been some mixed signals, especially in, let's say in the last year, uh, with the government cracking down on individual companies, there was kind of that whole anti-corruption campaign a few years back that cut headlines, but it didn't seem to, you know, provide the.

    Funky stuff as, uh, everything that's been going on recently, at least that's my perspective, but I can't wait to hear your perspective, Austin. Yeah. So China's interesting. China's one of those countries where, um, you didn't, I don't know. I always thought of China and I didn't see it coming, but I have the bias of being very young, relatively speaking.

    So I didn't see China really coming until the last. Four or five years as, as a superpower and an economic powerhouse, they obviously have, they have been planning this economic boom for decades. Now, the, uh, Chinese communist party, the CCP comes out with a, uh, basically an economic plan, every, I believe it's every five years.

    Um, so they, they come out with. Periodic economic plans of how they're going to grow, what they're doing. They, they definitely forecast things through that. Um, but some of their, some of the bumps along the way have been, I think, a product of them trying to basically take, um, take two different, different views of.

    Economics and, and smash them together, kind of the capitalistic Western view of using the capital markets to grow businesses and grow wealth for their citizens, uh, throughout the country. And then combining that with some sort of, um, well, obviously it's in their name, you know, Chinese communist party that some, some, some sort of, you know, then the name communism, socialism in some regard, um, to have more of a planned economy.

    And so. Interesting to see how that's played out. Um, they obviously have had, like you mentioned, the, the corruption anti-corruption crackdowns a few years ago, and then this year we've had the, um, the breakups of their education companies and then just general regulation scares throughout the year.

    What's what's interesting is even though they've had these sort of, um, regulatory risk scares for investors in the past, they seem to rebound, uh, which is, which is interesting. And it speaks to, even though they're trying to plan their economy, it speaks to their long-term belief in the capital markets and an understanding and an appreciation of the value of.

    Uh, capitalism and, and, uh, competition, which they want competition, but in their own way. So it's, it's a interesting to, to see China's growth. And I was just, uh, looking at some statistics, um, before

    • 36 min
    Is Inflation Here To Stay?

    Is Inflation Here To Stay?

    The Long Term Inflation Trend
    In the first episode of The Long Run Show, Mike and Austin discuss inflation, what causes it, how it's measured and what tools the FED uses to control it.
    Austin and Mike also look at long term inflation and how hourly wages, job numbers and tapering will affect it. They discuss methods of investing that help hedge against inflation.
    They also share some tips on how to get rich quickly by "pulling a Rockefeller".
    Hosted By:
    Austin Willson
    Michael O'Connor
    NOT FINANCIAL ADVICE
    The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice

    Unedited Transcript:
    Welcome to to the inaugural episode of the long run show with Michael O'Connor and Austin Wilson. I'm Austin. And he is Michael O'Connor.

    Yes, that is correct. Today. We are going to be talking about inflation and kind of taking a zooming out and taking a macro look at it. What we are our opinions on, on the future of inflation and what we might do to position our portfolios, um, in accordance with that, uh, we, we may have different opinions.

    We may have similar opinions, but we're going to flush that all out and we'll also do a little. Kind of a deep dive on, on inflation itself, how it's measured. Um, and then some of the levers that Mr. Jerome Powell and the federal reserve are pulling to kind of, uh, either dampen, inflation or respond to what we're seeing, I guess, is a better way to put it.

    Um, what we're seeing with the CPI reports, we just got one out today. As of the recording of this podcast, uh, new, new report. Uh, CPI for August and that measured, um, a little bit of a slight decrease. I believe it was 0.3%, uh, decrease. Um, so basically you could say a softening or a flattening in the uptake and inflation we've seen over the period of, uh, of a few months here last six months or so of 2021.

    Um, we knew some of this was coming. Based on last year since no one in the beginning of 2020, if you forgot what happened, there was a little pandemic lockdown thing. Um, no one back then was going out at all and buying things. So obviously there was a lot less money floating around Jason. Hardly any goods or services.

    Um, so that, that makes sense that we didn't see a whole lot at the beginning of this year, as far as inflation goes. But, um, now that we are into the latter part of 2021, and we're seeing a little bit of an uptick in a lot, a bit of an uptick in, in, uh, economic demand and consumer spending, um, we're going to see more inflation.

    That seemed to be the narrative of, oh, it's transitory. Um, We had had a conversation Mike, about August, September, October, November, that timeframe that we're in right now and looking to those, those time periods, um, to see what's going to happen with inflation and how that might indicate the longer term trend we're looking at here.

    And, and just to kind of go high level for a hot second here as well that, uh, Kind of inspired this whole podcast. Cause you know, we're, we, this is the first episode of the long run show. So our goal is to kind of provide a expanded view and just a top-down view, try and step back a bit from a lot of the short-term stuff, fluctuations whatever's going on.

    Um, and to be able to take a real bird's eye view. What our thoughts, our opinions are for things that are happening and, you know, not just a intra month or intern month period, you know, I would say let's not give ourselves a minimum time span for the long run show, but we're not gonna, we're not gonna put ourselves in a box.

    Um, It is for the long run. So the long run. Exactly. So with the, with that in mind, inflation, I'm interested to just kind of hear your take on the long run, uh, trend of inflation and, and where you think it's headed from here. Obviously we've got the CPI data, um, inflation rate of over 5% for a couple of months in a row here.

    We saw a huge uptick, you know, obviously end of spring, beginning of summer. Wh

    • 42 min

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