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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Single best idea, I don't have a podcast. Thank you

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Speaker 2: for your attention. We can see it on Chartable. I

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Speaker 2: mean it's really I'm really gratified by your ability to

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Speaker 2: take six minutes of what we do usually two thoughts

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Speaker 2: from some of our guests. When we put it together,

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Speaker 2: we've got four or five six thoughts, have to figure

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Speaker 2: out which ones to play. It's usually it's pretty random,

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Speaker 2: and it's it's just around the good conversation. We have

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Speaker 2: an economics, finance, investment, and international relations. An intense conversation

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Speaker 2: today with James Strevetas he's a admiral of the United

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Speaker 2: States Navy. His Leader's Bookshelf is one of my top

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Speaker 2: top recommendations. It is an outstanding book to get you

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Speaker 2: in front of thirty, forty and fifty the other books

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Speaker 2: that are required reads, just as comments on Lee at

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Speaker 2: Gettysburg and that book are extraordinary. Can't say enough about

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Speaker 2: Leader's Bookshelf, and of course my Book of the Summer,

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Speaker 2: I believe last summer, that summer before twenty and thirty

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Speaker 2: four speaks to the projection of the United States and

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Speaker 2: Navy around the world and in the mood now, and

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Speaker 2: particularly in the mood in Milwaukee is isolationism. Admiral Stravetas

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Speaker 2: on America's new isolationism.

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Speaker 3: Let's look at history late twenties. We tried this. We

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Speaker 3: walked away from the League of Nations. We built enormous

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Speaker 3: tariff barriers, the hally smooth tariffs. We isolated from the world.

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Speaker 3: How did that work out? We cracked the global economy.

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Speaker 3: You can drop a plumb line to fascism. So history

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Speaker 3: is instructive.

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Speaker 2: Number two.

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Speaker 3: We're so globally interconnected economically that trying to simply walk

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Speaker 3: away from the world in a geopolitical sense will crack

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Speaker 3: those relationships and leave Russia free to operate and do

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Speaker 3: what it wants to quote somebody in Europe or China

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Speaker 3: to do the same in Asia. So the trade, the economics,

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Speaker 3: and third, and maybe most important, it's the values. If

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Speaker 3: we isolate ourselves, the jungle will grow back, and democracy, liberty, freedom,

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Speaker 3: all of the things we cherish will be at risk.

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Speaker 3: I think those are the three key arguments.

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Speaker 2: James Travitas and to get some fiction around this, nonfiction

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Speaker 2: two books two thousand and thirty four of my Book

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Speaker 2: of the Summer recently extremely good on China, on the

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Speaker 2: US and on India, and also a twenty year sequel

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Speaker 2: from two thousand and thirty four to two thousand and

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Speaker 2: fifty four that's just coming out recently. Stravitas and Ackerman

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Speaker 2: and the two of them together are just outside standing

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Speaker 2: perspective perhaps on where we are heading. A good conversation

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Speaker 2: with a gentleman from Brown Brothers Harreman, Scott Clemmens, besides

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Speaker 2: his incredible philanthropic work, particularly in literature at the University

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Speaker 2: of Virginia, really original work holds court at Brown Brothers

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Speaker 2: Harriman on the equity markets and of course around earning

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Speaker 2: season coming into late July, that is about technology. And

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Speaker 2: of course Johnson and Johnson today not doing all that well.

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Speaker 2: Don't know where the stock is, but you know it's

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Speaker 2: like a non tech company doing new and interesting things

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Speaker 2: to the other four hundred and eighty three SMP stocks.

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Speaker 2: Do they need to be more like in Vidia?

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Speaker 1: In video is great? Don't get me wrong. You don't

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Speaker 1: want to be like in Vidia. You want to benefit

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Speaker 1: from in video. So technology in a portfolio isn't necessarily

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Speaker 1: only technology company. This technology enabled companies, the companies that

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Speaker 1: benefit from that, I think are every bit is important

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Speaker 1: going forward as the companies that actually ate the benefit

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Speaker 1: that was the lesson of nineteen ninety nine in the

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Speaker 1: dot com boom. The companies that were the forefront of

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Speaker 1: that wound up being at the bleeding edge of that.

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Speaker 1: The companies that benefited from that to the own benefit

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Speaker 1: of their own profit margins and their own competitive positioning,

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Speaker 1: those are the ones that had stag power.

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Speaker 2: Scott Clements, Brown Brothers Harriman can't say enough back to

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Speaker 2: back Bloomberg BusinessWeek Wow. In addition with mister Arnauld of

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Speaker 2: LVMH and now an addition with the former President of

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Speaker 2: the United States Donald Trump, Bradstroone. Bradstone and his team

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Speaker 2: have pieced together a superb effort on the business, the economics.

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Speaker 2: The Joe Rome Powell of where President Trump is heading

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Speaker 2: if he's elected in November must reading from Bloomberg BusinessWeek

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Speaker 2: on Apple Podcasts. This is single best idea They remain

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Speaker 2: with the manage