Bloomberg Audio Studios, Podcasts, radio news, single, best idea and thank you for listening. We try to keep this short six minutes Longer podcast twenty minutes, Good Girls, Girls Podcast, The Big Take, it's like three hours long. I'm kidding. It's a wonderful produced twenty minutes and David Gurra there with this important discussion of his conversation with Janet Yellen over the weekend in Texas. We do a shorter thing
you can slip in among your other podcasts listening. We try to find it's always difficult any given three hours of Bloomberg Surveillance on YouTube, Apple car Play, Android Auto on our terrestrial radio, Good Morning Boston ninety two nine FM, Washington ninety nine one FM. It's just all the different we're on Bloomberg originals. I didn't know this until the other day, all the distribution opportunities. There's a lot of good conversations. One of them today was William Speed. You
probably don't know the name. Bill Smead is iconic out of Washington State, Seattle, now in Phoenix, and when you look it is three year and five year track record of investing, it gives pause. He's a value investor. He buys straw hats in winter. As mister Baruch said, in the last year, he's been buried. But he struggled with growthiness because he doesn't own Apple, he doesn't own Nvidia. He owns stuff out of favor. Bill smeaed on patience in investing.
We were arguing that interest rates would normalize at some point in time, and people would say, Bill, when's that going to happen? And I'd say, well, you can't hold your breath till then. Well, the same thing happens on the euphoric side in common stocks. It might be six months, it might be a year, but when it hits it's so quick. I mean, remember how fast the Fed raised rates. They went from a quarter to five and a quarter in a year. It was the biggest interest rate increase
in a year. And if you weren't ready for it, you know, you got caught by it. Well, the same thing will happen in the equity market. In other words, Buffett used to talk about it being like Cinderella at the ball. You've been told that at midnight the clock of strategy.
Well, Bill Smeede with us, there a smed capital in Phoenix value investor very much in energy stocks right now. Every once in a while, someone dereks the door. I think a Betsy Stevens said at ann Arbor, who absolutely owns the thinking carefully about the economics and finance and policy of divorce. Betsy's last conversation with us was absolutely riveting about childcare. Someone else that owns a high ground
here is Jennifer Lawless. She's at the University of Virginia, and she's made an absolute cottage industry out of studying women in American politics. And you know, you ask her the usual question why we had a female president like in other countries, sort of just understood and her core theme, this is really important. Her core theme is the ambition
to get into politics to begin with. She's focused much more not a way I should say, she's focused much more away from presidential decision making and much more to state and local community politics. Jennifer Lawless, University of Virginia.
The real answer is that there just haven't been enough female candidates to do it. So, first of all, it is important to remember that Hillary Clinton received more popular votes than Donald Trump did, so it's not that Americans aren't willing to vote for a woman. Now, obviously we left our president through the electoral college, so winning the popular vote didn't, but public opinion was on her side.
But that's really been the only opportunity that the American people have had until heading into election day this year to cast a ballot for a female president. When it comes to Congress, when it comes to state legislatures, gubernatorial elections, women do just as well as men. The key is that they need to run in the first place.
Course of debate tonight, Balance of Power, Joe Matthew, Katie Lyones, David Girl are really focused on Philadelphia. You'll see that over the next twenty four or even forty eight hours. Is well, we're out on ample CarPlay and Android auto and YouTube. The best thing you can do for me subscribe to Bloomberg podcasts out on YouTube and just as in aside, I can't say enough about YouTube premium. You have to pay for that, I pay for it, but YouTube premium is really clean and simple as well on
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