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First Republic’s rescue, Charlie Munger’s warning, and Brad Gerstner’s harsh words 5/1/23

The Exchange

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The Financial Euphoria Episode

There's 180 million people below 40 the future is very bright therefore the necessities that they're going to spend money on. We've got our portfolio pointed home builders oiling gas target total depot that the name of the game is think like you're owning a business rather than owning a stock. The Fed Titan credit more than they've ever tightened credit and uh despite that they're highly profitable and they're building market share to get in the way of those 180 million people so have you done the work on every one i know who's had to buy a house at what they feel are uncomfortably high prices is going am i going to be underwater on this thing? Well first of all millennials are

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