Name: Giving it up (I don't think Hank done it this way) by CodyWillard
Duration: 3 min 10 s
Description: The Muddy Souls "Giving it up (I don't think Hank done it this way)"

Cody: Howdy folks, let's rock n roll. 

Q. As you know, I'm in technology sales, Cody. The mood out here is Silicon Valley is getting a little more somber. Don't know if you've heard that or not. The VC's are starting to be stingier with next rounds of funding, company spending, profitability...there are starting to be some reductions in force (layoffs) as well. I see you are moving a little more to the safe side. Any thought on this phenomenon and might this be the canary in the coalmine for high beta, low revenue growth stocks?

A. "Mood" is a tough thing to gauge, but as bubbled up as we've been in the tech world, a little bit of somber and worry in Silicon Valley would probably be a good thing. I do think the bubble in tech is far from over and that there might be much more upside in social networking and Twitter and Facebook, but I do think you want to be more selective now and less aggressive now than we were back in 2010-2013 or so.

Cody: This just came through on Scutify from a very successful VC dude about Silicon Valley's mood: '@CodyWillard We definitely felt it a month ago.... Just a general "check yo self before u wreck yo self" consensus moment.... *Not however about valuation but about burn rates...anecdotes of competitive spending reminding some of 2000. Overall though the startup/app market is robust. We just raised a bunch for an app coming next month, and our first Angel almost has too much money.... Early innings still and the "somberness" is healthy. No one, founders and angels alike wants to be an idiot.'

Comment: That's what I'm seeing too, Cody. Wanted to flag that for you. Burn rates are under scrutiny, manpower buildouts are being pulled back, travel policies being revised...

Q. Are you putting money into non-tech investments or are you keeping cash to invest at the bottom? If there is a serious downturn in the future does it make sense to stay in cash waiting for a good entry point or to try high quality bonds?

A. I've no idea if and when the "serious downturn in the future" will happen, and I'm not going to try to time it perfectly. Just ebb and flow. Scale in with tranches. Raise cash levels slowly when markets are at all-time highs. Same as usual stuff. I might get outright bearish again like I was in 2008, but for now, just being a bit more defensive. Remember that you're not in the same risk profile as I am and you don't have a http://Scutify.com Social Network company that is accounting for a growing part of your assets as it grows. As the largest shareholder of Scutify's parent company, I'm much more exposed to tech right now than I've ever been in my life no matter what I do with my stock portfolio and more levered to tech than probably anybody here reading this.

Comment: Thank you very much for your help. I do have my non-home assets in tech however. I need for it to grow steadily but not explosively over the next 20 years as I need to leave money behind for a child who won't be able to care for herself.

Q. What new direction out of Technology, Cody?

A. Cash for now, just ebbing as the markets flow. Added some Whole Foods recently too. No rush into anything new.

Is Tech about to crash? And why you can't listen to anybody about investing

I sit down for an extended one-on-one interview with investor, guru, pundit, trader, money manager, blogger, etc extraordinaire, Barry Ritholtz from Bloomberg, Ritholtz.com, the Washington Post and Ritholtz Wealth Management. We talk about topics ranging from where we met 15 years ago (hint: Lenny Dykstra?!) to how to build a long-term career path on Wall Street if you didn't go to Harvard/Goldman to the state of the economy and why you shouldn't pigeonhole your analysis. Here's the article Barry references: My Unusual Career Path in Finance http://www.ritholtz.com/blog/2014/05/my-unusual-career-path-in-finance/ 
Follow Cody on Scutify at http://www.scutify.com/profiles/leader.aspx?q=codywillard

One-on-one with Barry Ritholtz

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Communist vs Socialist vs Capitalist vs Anarchist -- what are we in the US today?
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Cody Willard 1on1 with John Authers

The Muddy Souls "Giving it up (I don't think Hank done it this way)" 

Giving it up (I don't think Hank done it this way)

Cody Willard interviews Wall Street legend, Robert Marcin, about: How much to invest in stocks vs cash vs bonds, How to avoid the next market crash, How the government impacts the markets, What stocks he would be buying or shorting right now and much more. 

Cody Willard interviews Wall Street legend Robert Marcin

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The IAm Show is now on. We were honored to have Carl Reiner join Ross Mark, Mike Alexander and me as our first guest on our new show. Carl talks about The IAm Carl Reiner App, his new book called "Too Busy to Die" (available for purchase inside his app) and tells us some great stories including why he's most proud of Dick Van Dyke Show over anything else he's ever done, getting his first review (at 6 years old), how he uses technology to work these days vs the old days, and much more. Each week we interview one of the hundreds of celebrities who have their The IAm App (next week's guest is Jay Leno). Let us know what you think!

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Immigration, Family Separations, Zero Tolerance, Stocks, Economy and more

Cody Willard's Cody Underground Podcast. Irreverent, straight-forward and sometimes funny. Stocks, investing, politics, economy, pop culture, sports, music and more.

Giving it up (I don't think Hank done it this way)

CodyWillard

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