The Roaring 20s! Why are we optimistic and why we might be wrong

ABOUT THIS EPISODE

Financial expert and Amazon best-selling author John Browning talks about The 5 Pillars of Innovation and how these support one another. Learn more when you Connect with John by texting "LIFE" to 21000 or GuardianRockWealth.com.

Welcome to the build your life podcast with John Browning. Build your life as a relaxed and unedited conversation with financial expert and number one Amazon bestselling author, John Browning Jones, the founder of Guardian Rock Wealth and serves clients across the United States. John's the author of the book build a life, not a portfolio, a guide to your financial future based on your personal values, which you can purchase on Amazon, or stay around to the end of today's show and I'll tell you how to get a free copy mailed right to your door. I'm Michael The lawn, your host for the next few minutes as we chat with financial expert and business owner John Brownie. Well, hello, John Browning. How are you doing today, my friend? All right, am doing fantastic, almost unbelievably. Well, well, that's good. You got a little bit more work to do, but that's okay. I love answers like that. You know, we the weather around here. I've be in...

...a little rock has been up and down and cold and we got some snow finally. But I always told people I carry the weather inside of me and didn't matter what it's doing outside, I'm going to be fantastic or unbelievable every day then matter. So I'm glad you're doing the same way. Hey, I want to talk today as we as we launch out here, is talking about the roaring twenties. Remember the roaring s? I don't think you were around, but that's not around. Yeah, older than I need to be. Well, there the roaring S. really it was a period of time that was a characterized by a period of like rapid economic growth and a lot of social change. A lot of things were happening back in the S, as I know. You know, we find ourselves there again really, now that we're in two thousand and twenty two. We're in another roaring S, right, and I know you've got some ideas around that. So how do you what would you have to say about the roaring s that we're in now and and the the economic growth potential that we have? Well, Michael, I think you're absolutely right. I think there is a lot of parallels comparisons...

...that we could draw us to the roaring s that, you know, we already experienced in our history, American history. Yeah, the automobile, the radio, the discovery of insulin, all in the S, all of that allowed us to move things quicker, move people faster and again made us able to conquer some of our health challenges. Today, what we're seeing is, I kind of call it the sort of the five pillars of innovation, and I think today, in the roaring t and S, which will call the roaring s too, maybe two point out. How about that? I like it. Roaring s two could potentially be even more powerful than the earlier two thousand two. The Earth here roaring thousands right, and the reason for that...

...is there is more happening now than happen back then and it ties together in such a way that the different innovations are supporting one another and building one another up. And so when I talked about this, I talked about things like in the healthcare feel you've got DNA sequencing. That used to cost a million dollars to sequence you DNA. Now it's closer to a hundred bucks. I mean real it has really calm down. You've got adaptive robotics, so not just a robot in a factory that can take one part and put it in there and screw it down and that's all that one robot can do. With these robots today can adapt and learn because of the one of the one of the other five pillars off state. Number three is artificial intelligence, AI. Yep, it's all over the place now. And Yeah, I always thought that this was a super complicated thing that, you know, it took like...

...a doctor degree to do. They are now like right around junior high, the middle school and high school, they're training kids to do basic AI programming. Wow, that's crazy. Think about that. Ai is much further along than I think most people realize and it ties into everything for me and you facturing to even the vaccines, love them or hate them, the vaccine means and the ability to test and get those out to the market much faster. That was because of AI. HMM, that's interesting. And then you look at energy storage. Yeah, another really big innovation that is happening at an increasing rate, I'll say. And then, of course, in the finance field you got blotching. Now I'm not talking about bitcoin necessarily, but bitcoin...

...is built on top of what they call blockchain technology. I've heard of that. So blotching technology is supporting a lot of things in finance, but also a lot of things in say, smart contracts. I don't know if have you recently like bought a house or maybe even a car, something where you signed electronically. We financed our house two years ago and signed everything and I don't know what my mortgage guy looks like. Never had you have to show up right and they have ways of verifying things to make sure that everybody on that contract performs and if they don't perform there's a penalty for it. Could be much, much better than even the paper contracts that we've had in the past. Yeah, so we've got all of these innovations. You can see there's there's a lot more innovations now than there was back in the roaring two thousands. Rapid Yeah, and you think about Ai, ties into, obviously, robotics, and it ties into the Internet of things. I heard a...

...statistic this morning that more data has been collected over the past two years than as ever two years and it's ever been collected before period. Okay, so the big problem about I still remember talking about this. The big problem was, okay, great, we have all this data, nobody has any idea how to crunch it and make anything useful out of it. Yeah, well, now things to companies that we have in Guardian rock portfolios. By the way, there are companies and businesses that and just because their innovative doesn't mean they're not profitable. These are very profitable companies right now, yes, that are learning through ai how to crunch that Beata and make useful things for, say, the the Darpa, the Department of Defense, the the General Mills,...

General Motors as a whatever it might be, manufacturers. So they can use that to get better at what they are and what do they do with that data once it's created and something useful? They plug it into their AI. Yeah, I end that fascinating. It's fascinating. Wow, that's got to be. That's got to be as earth shattering as the car when it came out to go. What in the world right? I mean just it's a it's a it's a different world, it really is. And and the cool thing is you don't have to understand at all, but you need to understand what's going on and see some of the connections. And that's why I love your five what you call him the five pillars of something? Yeah, I call him a five pillars and I stole that, by the way. I should that's okay, you credit. You know, I saw young Cathy would and I did a lot of work together. Many, many years ago, before she was like a famous investor, people were comparing her to Warren Buffett. Now I that was a the ultimate compliment, but that's that's that's...

...her. You know, she has the five pillars of innovation. Yeah, and making the connections off of those five pillars of just builds very, very quickly up. Yeah, yeah, and that and that's something that John. That why people, you know, I encourage people reach out to you and talk to you and listen to your podcast and read what you do and go to your facebook pages and all that, because you you think at a different level. You understand, you learn and you understand how these things work together like a I would call it a spider web, right. They all connect together and it helps you what you do, what you do, which is do analysis of businesses and all kinds of things to help people build a portfolio. And, as we always say, you know, this is not investment advice, my this is a conversation. But when somebody reaches out to you and you walk them through your process of building relationships asking questions, it's all that knowledge that you having your breath in your brain, that you've done to say okay, what are you trying to make happen and how do we help you? Right? A, right, that's right, because you know people...

...do so. The downside, the flip side, right, is that people get excited about all this new innovation and they started just piling all the stuff into their portfolio. Well, the other side of this is it's extremely volatile. MM In the last, you know, for five months, some of these innovation companies, businesses have declined by fifty percent, some more than that. So can you really sleep at night having that is just your entire portfolio? That's that's really tough for anybody, I don't care who you are. That's tough to see your port folio go down to that. But if you mix, have the right mix for you, you can still participate in the long term growth of innovation while still being able to sleep at night. It's all in the way that you put it together. One of the really interesting things that I saw, I think past couple weeks, is they did a...

...comparison against in. This is where Warren Buffin Cathew water compared together of Cathy Wood's portfolio. You know, it's going straight up right the past year or so and Warren Buffets is kind of down here and it's you know, it's done well but not amazing. And then suddenly over the last couple, you know, say three or four months, Cathy's is come down. They're almost touching down. They're like all see, Cathy was wrong, warrens right. How about this idea if you use really good portfolio management techniques and your disciplined, you have somebody who's watching this as Cathew, you know, the Cathy would stocks will call the innovation stocks. Go like this. You start not eliminating them from your portfolio but trimming them and maybe you put those into some of the businesses that maybe Warren Buffet likes, and what do you know, you've got something that comes right in the middle and you've done better, maybe...

...than Warren Buffett. Maybe not quite as good as cathy would, but then again you don't experience that big downside fallatil like yeah, and that's something that somebody like John can help you with, because that's that's far too complex with the average Joe. Right, I tracked with what you were saying there, John. That's great, but to actually implement that, to do it, to know when to pull out window shift things that takes somebody who's an expert, which is what you are in doing that, and somebody who just really loves digging into all this stuff and learning all those details. That's I'm glad God made people like you done, because that's what you do and that's why you can, you know, somebody can reach out to you and and connect with you and talk and say, well, here's what I'm trying to do and, as you always have told me on the podcast and everything is, it's not about building a portfolio as much as it is building your life and of portfolio that that will support that life. Whatever. That is different for every person. Right, exactly, and some people love this idea and some...

...people, you know, we talked episode or two ago about Bitcoin and all those different things, and some people love that. Other people are like, matter. They're just those are like tactics. Right. What do you want to do with your life? Are you going to build something that supports that life through a portfolio? That's where John Comes in to have conversations with you, and I know John, I mean John, you've written an Amazon best selling book, you've got this. They can reach out to you. I love this texting thing you have, texting the word life to twenty one thousand on your self. So pull out your cell phone and text the word life to twenty Onezero and see what happens. You'll get John's contact. In Frank's really cool. So I love that. And obviously your website, Guardian Rock wealthcom is I get a hold of John and have a conversation and I know he's doing some facebook things. He's always, you know, talking on different podcast so he's all over the place. Tap into his brain and see how...

...he can help you make the roaring twenties fuel your portfolio, your life, give you the life that you really after. It's conversation, but that's where it starts, right John, great, that's where it starts. It's always a conversation and if John can't help you, he'll definitely tell you. So he's not a strong arm sales person by any stretch of the imagination. He's just a guy who knows a lot of stuff about building a portfolio. So reach out to him, John. This was this was showing I love. I've never heard about the US being in the roaring s again. I always thought it was in the past, but, Ashley, we're living it and our great grandchildren are going to be reading about the roaring twenties that we're living in right now, and we should be. I think we should be optimistic, and I'm very optimistic. Yeah, it's easy when you have these big down, down days and down months, it's easy to get a little depressed. I am anything, but I see this. You know, hey, it's an opportunity to buy some things on sale, and these things just happen.

The market goes up, the market goes down. We've just filmed bit spoiled by how long it's been going out. That's right, that's right. So reach out to John Browning, Guardian Rock wealthcom or text life to twenty one thousand and you guys will have a great conversation. He'll help you build a life, not just a portfolio. John Browning, thanks so much for another great episode, Buddy. All right, thank you. We'll see you next week. Money really is a big part of our lives and John Browning can help you and your family learn how to keep money in the proper perspective. It's important, but it's only a tool that could help you build the life that you want. If you like, John Emilie a free copy of his book build a life, not a portfolio. Go to John's website, Guardian Rock wealthcom, and click the contact US link and send your request. John Will Mell a copy of his book right to your door absolutely free. Thanks for listening to building your life podcast with John Browning. Be Sure to subscribe to this podcast so each new episode will be sent to you automagically when...

...it's released. Have a terrific day. Nothing in this podcast should be construed as personal investment advice and past performance is no guarantee of future results. Investing is not appropriate for everyone. There is a risk of loss associated with investing in the markets. No representation or implication is being made that using any methodology or system will generate profits or insure freedom from losses. Please remember that investing carries risk. Guardian Rock Wealth LLC and its affiliates are fiduciary investment advisors. Please consult with US or another experienced qualified investment advisor before making any investment decisions and or trying to implement any of the strategies and tactics we may discuss in any of our publications or podcasts.

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