This Time Is Different

Seven states now allow full online casinos on your phone, such as slots and blackjack. But, two states, Virginia and Massachusetts, just shelved iGaming bills. Is the tide turning on mobile gambling? Ricky and Malcolm also dig into why gold is falling even as the Iran war drags on, and break down the short report targeting SoFi. In this episode, they discuss: (4:40) Why retail investors are pulling back from gold — and what that signals (15:11) Who economically benefits from a war in Iran? (22:15) SoFi's short report and whether Anthony Noto's response was good enough. (35:30) Why states that said yes to sports betting are saying no to the next step of online gambling. (43:30) Why gambling addiction is more dangerous than other vices. Contact us: [email protected] Advertising: [email protected]  Hosts: Malcolm Ethridge, Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

The Great Wealth Transfer is such a big conversation that we're dedicating two shows to the topic. Hanna Horvath, CFP®, writes Your Brain on Money. She joins Ricky and Malcolm for the second part of their conversation about the Great Wealth Transfer. In this episode, they discuss:  - The effect of inheritances on romantic relationships. - Family wealth and the creation of bad art. - How the tax system punishes work and rewards investment income. - If there are any solutions for the "inheritocracy." Check out Hanna’s Substack: https://yourbrainonmoney.substack.com/  Contact us: [email protected] We are proud to be in the Airwave Media network! Please contact [email protected] if you would like to advertise on our podcast. Hosts: Malcolm Ethridge, Ricky Mulvey Guest: Hanna Horvath Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Ricky Mulvey and Malcolm Ethridge take a breath and explain why right now is a bad time to make big money decisions. They discuss: - The economics of the Iran War, and Ricky breaks down some of his reporting on the cost of the conflict.  - Robinhood’s new investment vehicle for retail investors to buy private companies, and why Malcolm won’t pick up shares. - Live Nation’s $300 million proposed settlement, and why it’s a “speeding ticket” for the company. - Chamath Palhapatiya telling a retail investor to be grateful for capital losses.  Contact us: [email protected] We are proud to be in the Airwave Media network! Please contact [email protected] if you would like to advertise on our podcast. Hosts: Malcolm Ethridge, Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Tens of trillions of dollars are expected to change hands between generations in the coming decades. What does this mean for our society, for the families passing down money, or for the kids who have to pull themselves up by the bootstraps?  Hanna Horvath, CFP®, writes Your Brain on Money. She joins Ricky and Malcolm for a two-part conversation about the Great Wealth Transfer. In this episode, they discuss:  - If the promise that hard work + education = success has been broken. - Why people with “family money” hide their support. - How their relationships with their family and money shaped their attitudes towards their own finances. - Why the word “inheritance” has a branding problem.  - Malcolm’s issue with people jogging in Manhattan at 11:00 am on weekdays. Check out Hanna’s Substack: https://yourbrainonmoney.substack.com/  Contact us: [email protected] We are proud to be in the Airwave Media network! Please contact [email protected] if you would like to advertise on our podcast. Hosts: Malcolm Ethridge, Ricky MulveyGuest: Hanna Horvath Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

**NOTE: We recorded this before the Iran War started.** Sure, we’ve got earnings coverage, but we are also taking a step back to discuss our personal rules for investing and how to stay disciplined in any market. Malcolm Ethridge and Ricky Mulvey discuss: - How Ricky won $2,600 back from an airline by using AI. - Netflix walking away from Warner Bros. Discovery. - How CAVA’s story is changing, and Ricky - The difference between speculating and investing. - Position sizing, “sleep numbers,” and building an investment policy statement before the storm hits. Contact us: [email protected] We are proud to be in the Airwave Media network! Please contact [email protected] if you would like to advertise on our podcast. Hosts: Malcolm Ethridge, Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices