Not great.

No, you know what, here's the thing.

The oil is rattling the market.

You already said that.

September's a difficult month.

You know, we've got to think about this.

Oil's up 39% off the July lows.

That's kind of hearkening back to the old days, right, where Apple would bring out something new and it would move the stock.

Yeah.

And she was just so gracious.

You know, she's some tickled pink about being here.

And she just was so gracious to all of us.

I mean, there was just mainly our family and friends there.

And she just was so just stood there and we're all just just she's like family.

That's all I can say.

So how did you come about to write that? No,

What's your take on NVIDIA right now? What do you

think? Yeah, I'll tell you what.

It is hard to knock this company.

First of all, they posted a hefty revenue beat.

It was $96 billion versus $91 billion, which is the estimate.

That's kind of a big beat.

There you go, like $5 billion in a revenue beat.

Is it safe to maybe look at Salesforce again?

And I wonder if you could say a little bit about that since you brought that to the table because I did not know anything about it and I learned about it from you.

Okay, so I suppose if I go back a little bit in history to when I started teaching, which is about 10 years ago, for the last 10 years or so, we've had what's described in England as being a knowledge-rich curriculum.

I'm saying in English specifically because that's where I teach.

I know that that phrase is used in other parts of the world as well.

And there was a big drive to kind of develop students' factual knowledge and their ability to write at length and so on.

And I think...

One of the things that was lost in that was students' ability to articulate themselves independently, verbally and really confidently and with nuance as well.

Is there any scene that you have come to love as a result of our deep dive into it? Or indeed, any that you never want to see again?

What's your take on WMT?

Yeah, you know, isn't it a shame? Two big box retailers.

Now, Target has a new CEO.

So that's part of, you know, what they're trying to turn around there.

You know, there's a lot of things happened with Walmart.

So they had disappointing comparable sales growth.

They had a hit to their drug prices caused by changes to Medicare, their regulations on prescriptions.

What do you think about HD here?

Um, and, uh, the, the overarching theme of what we're gonna be talking about here, as you go down through the nuances of different things, it is pretty amazing that when we talk about just generally from sort of an eagle eye view or a, or a galaxy brain view of the, quote-unquote, "The market," through all of the, the turmoil of sector rotations and headline news and wars and everything else, the market has been remarkably consistent.

Well, it has.

And, you know, the big story, I, I, I kind of always emphasize this in my book and of course I've talked to, with you guys a whole bunch, really it's earnings, earnings and earnings, and that's really what the market looks for.

So you're right, despite the fact that we've had tariffs, inflation, Fed policy, geopolitical risks, Iran, the, you know, oil, the Strait of Hormuz, it goes on and on and on.

Really, the climb in forward earnings estimates.

So what does that com- what do the companies think they're gonna be doing, not only today, not only what did they do, you know, in, in the past quarter, but, you know, forward-looking.

And so far these have been pretty strong.

Eh, what do you know, the experts were kinda right about that.

So often people come to us and they're asking things like, well, what are other companies doing? And is that the question they should be asking? Sometimes that.

I think when they ask what are other companies doing, I think that's kind of a normal springboard into the conversation.

I think when you're looking at it from a consultative lens, the question then becomes why I always joke that in our department, we're like toddlers because we're, we ask why, why, why, why? And I think this is, this is the perfect example.

Why do you want to know that? What is the goal? What are you trying to get to? Because I think ultimately you don't really want to do what other companies are doing.

You want to take it to the next level.

You want to take it beyond that.

Like we were talking about the home sale.

I feel like Amy's favorite book is, like, Start With Why by Simon Smith.

I've got to ask you, what's your take on SpaceX here? What do you think?

Well, you know, it's funny.

They had what we call a lock-up expiration day.

So to keep this really simple, it just means that more shares were available.

People that had owned them were able to now have a lock-up period expired as of today.

So 911 million shares, 20% of the restricted holdings.

of the early investors became eligible for sale.

What are your thoughts on Disney after they reported this week?

What would you say has been one of the most challenging seasons you've faced?

I think it would have to be COVID.

We were only sort of two years old when COVID hit, and there was just so much uncertainty during that period.

Working with a big company like that, everyone's got their roles, and I knew what my role was, and I was able to do it.

I was very confident in it.

But when you go into owning your own business, and I say this to anyone o- looking to open a business, you might be really good at a thing, so styling and the customer relationships and sales and those sorts of things was my area of expertise.

But when you open your own business, all of a sudden you need to do accounts and forecasting and social media and marketing and team management, and there's this whole other part of running a business which is so important, but not necessarily where your skills lie.

So what shifted that launch for you from working with Navari into Huntley & Co.?

on the map

that we're supposed to be talking about.

Yeah.

So I tutored.

And then pretty soon after that, you know, community started multiplying in our area.

So the next year, my husband and I opened a new community.

And so I directed foundations that year.

And then give us, like, what was it about that that drew you into thinking about the importance of exploring the Iliad for Challenger for students, but also as an adult? What are some of the things that really sparked your interest? interests or your curiosity about that.

What do you think?

Oh, it was fantastic.

I'm not going to give anything away because they asked us not to at the screening.

I will tell you that, you know, we've switched to a girls' soccer team instead of the boys.

And I won't tell you how that happens.

There's a lot of family details and issues that come.

The first episode, Dave, is drop-dead hilarious.

But are you surprised at the way the markets reacted to Apple?

What about the people who are holding SpaceX here?

Well, I think at this point you've become a long-term holder, I'm afraid, because, you know, we had it opened.

The high, you know, a couple, three days into it was, you know, all the way up here at 200.

You know, right now we're way down here, closed today, you know, 112.

So there's a little bit of hurt going on.

If you bought that one in the beginning, this is the reason I really don't like to buy IPOs anymore.

I let them settle probably for a couple of months.

I guess we might as well pile on Elon Musk here because the news isn't great on Tesla either.

I mean,

so firstly, I want to say that I've written a lot of toolkits.

There are loads of toolkits that you can download and you can look at.

But I think what I really want to do here is just kind of strip it away to the things that I have in my toolkit that I use the most and lean on the most.

And I think...

The first one is really about accountability.

And so in your toolkit, it's, well, what does inclusive leadership look like or successful leadership look like? And how am I going to measure that? So how am I going to know that I'm on track and that I'm doing better than I did last year or that those kind of key metrics matter? already speaking to the kind of experience that people are having of my leadership.

So how do you help leaders get more comfortable with that distinction?

What's your take on the market?

We are.

Well, we had a little bit of a divided market.

We did have the NASDAQ that was down just a bit, but we have those semiconductor stocks reversed from their earlier gains.

It's a rotation out of some of the chip sector that's been this red hot for the last couple of months.

And so that was good news.

We also got the June employment situation, which showed softer payroll pressures, and that should temper concerns about a rate hike from the Fed.

Tesla finished the day at $393 a share, down 7.5%.

How are you feeling about the market right here?

Sí, creo que es el momento de tener un poco de cuidado.

Teníamos a Apple vendiendo.

La razón para eso fue que bajó 5%.

Anunciaron aumentos en el precio en el MacBook y el iPad y están surgiendo componentes en sus chips.

Y creo que esa es una cosa que, sí, el mercado está mirando eso.

En general, tus nombres de tecnología, tus nombres de AI, hay un poco de preguntar si hemos subido demasiado, demasiado rápido, aunque Micron lo volvió a sacar del agua ayer y ese mercado estaba surgiendo.

Chevron, Exxon, Occidental, all of them.

There can be some self-creation and self-expression.

Well, I was lucky enough to go to college.

And once there, I mean, of course, me and everyone that knew me thought that I was going to go and then become, let's say, an illustrator or become, I don't know, a painter, let's say.

And I ended up falling in love with ceramics.

So I took a ceramics course and I just... was so enamored with this idea that I could be making art, but it was useful, functional, utilitarian at the same time.

And decided to take the next class and then decided to apply to be a major, was accepted and then finished that degree.

So I came out of Ohio University making pottery and then had an apprenticeship in Massachusetts to understand the business side of ceramics.

think you should

What's your take on the action in SpaceX?

Well, this is kind of what we see happen with a lot of these big – I mean, you can name go on and on.

Go Facebook, which became Meta.

You know, that ran up and then it fell precipitously.

You know, we had to see SpaceX was down 5% yesterday also.

So it had two days here of a pullback.

Yes, if someone has a really long time horizon and they want to buy it, a good friend of mine just bought it for 10 years.

I mean, when you think that all the easy money has been made, you have a day like today.

It, well, it's gonna be interesting to see the action tomorrow when we finally get the, the SpaceX IPO up and running.

Well, it sure will be.

And you know, I, I sent you something.

We've talked about this before.

I think what people need to keep in mind is, you know, everybody said, "Buy Facebook.

Buy Facebook." But in the beginning, you know, the, Facebook did not do too well.

It had a great decline, uh, right off the start, and the stock, it, it came down, it was down 32% the first year of trading.

So take a look at that chart and, uh, what do you, what do you think about the Vanguard Growth Index Fund, the ETF? It traded up, uh, almost one and, uh, three-quarters percent today.

Where is this money going to be coming from? Is this money going to be coming off the sidelines or from other tech stocks? Where is this money going to be flowing into these highly anticipated IPOs?

Well, I think that might be, that's a very interesting question.

Are we going to see some pullback in some of the big tech names? And is some of the money going to go over to that? Because you're right, the Anthropic, that's going to be huge.

SpaceX is going to be huge.

But that's an awful lot of money.

We're going to have to see where they siphon money off of.

You know, some of the energy stocks will definitely, they'll pull money out of those for sure.

What's your take on Snowflake at this level?