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Speaker 1: Bloomberg Audio Studios, podcasts, radio news a single best idea

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Speaker 1: and we could have done five single best ideas today.

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Speaker 1: Just a brilliant day, particularly for discussion of the stock market.

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Speaker 1: To use a phrase, it's antiquated. Amy wu Silverman was

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Speaker 1: brilliant on derivative strategy. Joe Mazzola Charles Schwab maybe the

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Speaker 1: best interview we've ever done with them. He was just

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Speaker 1: outstanding on the flows that are going on out there

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Speaker 1: right now in this whole battle between the unknown unknowns,

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Speaker 1: much of it coming out of our politics and the

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Speaker 1: idea of retail versus institutional. Just a great, great day

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Speaker 1: for equity study. We started strong with Edward Yardenny in

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Speaker 1: October of I believe it was twenty twenty two. Ed

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Speaker 1: Jardanny and separately Ral fancomepad get on board. It is

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Speaker 1: a new bull market, and your Denny reaffirm that today.

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Speaker 2: I have been recommending overweighting the US since twenty ten,

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Speaker 2: and it's worked out extremely well. But I could overstay

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Speaker 2: my welcome here. Certainly during the first quarter it made

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Speaker 2: more sense to overweight Europe than it made sense to

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Speaker 2: overweight the United States. But I kind of view that

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Speaker 2: as just a temporary situation. I think the US will

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Speaker 2: continue to outperform, though it is it's that perform for

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Speaker 2: so long that it's about seventy five percent of the

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Speaker 2: market cap of the global stock market. So I mean

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Speaker 2: there is a limit to how much better it can get,

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Speaker 2: I suppose, but it's been quite a run.

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Speaker 1: And your Denny of your Denny research, and then we

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Speaker 1: looked at real estate, Brad Case, we don't have ound enough.

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Speaker 1: He's with Middleburg Communities, which is in the Greater Virginia area,

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Speaker 1: and they're doing multifamily and they're thinking about housing. He

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Speaker 1: gets away with this because of his heritage of Fannie

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Speaker 1: May economics and also working with the great Robert Schiller

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Speaker 1: at Yale University. What a privilege that is. Brad Case

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Speaker 1: was incendiary today over rent versus buy.

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Speaker 3: Let's listen, Well, that is usually the case, and the

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Speaker 3: reason is that people don't realize when they buy a

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Speaker 3: house they have to give up a huge chunk of

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Speaker 3: money the down payment, and if instead they put that

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Speaker 3: money into productive investments, especially in the stock market, then

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Speaker 3: in the long run they would probably build more wealth.

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Speaker 3: So there is this myth that the way to build

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Speaker 3: wealth is to buy a house, and the reality is

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Speaker 3: that usually that's not the case. If you're able to

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Speaker 3: buy a house when houses are cheap and the stock

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Speaker 3: market is overvalued, then great, take your money out of

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Speaker 3: the stock market and buy a house. That's not our

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Speaker 3: situation right now. Right now, houses are very expensive and

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Speaker 3: if houses crashed, then you'll probably see the stock market

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Speaker 3: crash at the same time. So generally speaking, to build wealth,

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Speaker 3: you're better off renting.

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Speaker 2: Now.

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Speaker 3: There are other reasons to buy, and some people want

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Speaker 3: to buy just so they can say they're homeowners. That's

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Speaker 3: not the same as building wealth.

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Speaker 1: What a response we got from those comments. Thank you

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Speaker 1: for the heated emails and a huge response out on YouTube.

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Speaker 1: We have a live chat on YouTube and sometimes it

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Speaker 1: really gets going. Braad Case Today on our podcast on Apple,

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Speaker 1: on Spotify across the nation, but mostly on YouTube podcasts.

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Speaker 1: This is a single best idea