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Albert’s guest is Chris Mayer, author of 100 Baggers.

[youtube https://www.youtube.com/watch?v=nF1mMPHXRxI?version=3&rel=1&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&wmode=transparent&w=640&h=390]

Interview Highlights

  • Walmart has a tough road ahead
  • CEO Doug McMillon is vastly overpaid at $25 M per year
  • The market tends to overreact to bad news
  • It’s a disaster trying to compete with Amazon in online sales
  • Amazon is a better business than most people give it credit for
  • People who held Amazon from 1998 made 300x their money
  • Common characteristics of 100 baggers:
    • large markets to grow into,
    • a visionary leader,
    • high returns on capital which are reinvested
  • Markets tend to do OK in the long run even through tough times
  • The economy is not the stock market
  • Bernanke book title “The Courage to Act” is absurd
  • Saving the existing system took no courage
  • Government money and mass unemployment

References & Links We Talked About

Sponsor
WB Wealth Management: An independent registered investment adviser

Disclaimer

This program is for informational purposes only and is not an offer or recommendation to buy or sell securities or alternative investments.

Not a substitute for professional financial advice.

Thanks for Listening

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Thanks again to Chris Mayer for joining us on the show!

About Albert K. Lu

_MG_3141_2_framedWhether you’ve been in the investing game for decades or are just starting to plot out your financial strategy, you’ll find host Albert’s insights and big-picture awareness of breaking news essential to sound investing. Albert gathers big guns at the top of their games around his virtual roundtable for a refreshing talk about financial success and investing acumen. Whether they are professional athletes, economists, restaurateurs, or top doers from another walk of life, guests engage with Albert, who provides the perfect sounding board for an intelligent discussion about entrepreneurship and real-life application of economic principles to current events and market forces.

Albert’s money-management approach focuses on wealth preservation under the umbrella of Austrian economics principles. In addition to The Power & Market Report, he is the host of The Economy, a podcast featuring weekly news and opinion. If you want to learn about the true foundation to sound investing and successful entrepreneurship, Albert’s podcasts are a good place to start.

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