Bridge over ocean
12 December 2016 Multimedia

Josh Brown, The Reformation

  1. Josh Brown
  2. Patrick O’Shaughnessy

Welcome to Patrick O’Shaughnessy's podcast series, Invest Like the Best.

This week's guest is one of the reasons that this podcast exists. Josh Brown is a financial advisor and the CEO of Ritholtz Wealth Management. He is also the creator of, a blog about markets, politics, economics, media, culture, and finance that has become one of the most widely-read sites on the financial web. He is the author of Backstage Wall Street and Clash of the Financial Pundits. Josh was instrumental in finding me an audience years ago when he shared one of my research pieces with his rapid base of fans. This conversation includes a look at his journey, what he’s learned along the way, and most importantly, his top five, dead or alive.

Books Mentioned

Simple Wealth, Inevitable Wealth: How You and Your Financial Advisor Can Grow Your Fortune in Stock Mutual Funds

Links Referenced

Show Notes

2:02 – (First Question) – Top 5 dead or alive hip-hop rap artists per Josh Brown

2:48 – Listening to right now

3:30 – Why it’s tough for newer artists to crack the all-time lists

5:23 – What appears most in Patrick’s playlists

6:04 – What was the moment that he transitioned away from bad investment practices and what are some of the things he can’t stand to see

9:05 – A look at how Josh’s portfolio has changed as his perspective on investing has transformed

11:47 – The Big Picture – Barry Ritholtz Blog

12:13 – What kind of investments does Josh use personally

13:15 – How Josh uses individual stock investments to teach his kids about how the markets work

14:31 – Has the role of the financial advisor changed? And what can advisors offer that are future-proof?

17:45 – What does Josh screen for when looking for people to work with both as employees and as clients

23:22 – What are some things that don’t feel like work but appear to be hard work from the outside

25:07 – How do both Josh and Patrick characterize themselves and each other as a company.

26:19 – Exploring Josh’s success on Twitter…@reformedbroker

28:30 – Why you shouldn’t fight on twitter

28:39 – Cliff Asness  @cimmerian999

28:45 – Doug Kass   @dougkass

30:21 – What services, technologies, platforms are we in the early days of that Josh could be excited about

32:53 – Why Josh and his team loves Slack

35:38 – Most memorable individual day in Josh’s career

37:32 – Who are people that Josh is learning from right now

Ben Carlson and Michael Batnick

Jim Chanos

Cliff Asness

Robert Arnott

Mohammed El-Erian

Nick Murray (His Book mentioned – Simple Wealth, Inevitable Wealth: How You and Your Financial Advisor Can Grow Your Fortune in Stock Mutual Funds

39:33 – What does Josh like most about doing the show Halftime Report on CNBC

42:18 – If Josh had to give his money to someone, who would it be.

45:20 – Are investors doing a disservice by glorifying some of the big name investors like David Tepper?

49:37 – What is the kindest thing anyone has ever done for Josh?

52:24 – What are Josh’s daily habits

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