September 7, 2025 • 39 mins
Chris Markowski shares insights from his extensive career in finance, discussing the evolution of his show, the importance of ethical investing, and the challenges faced by the next generation in a rapidly changing financial landscape. He emphasizes the significance of family values in business, the necessity of finding the right financial advisor, and the impact of technology on the finance industry. Markowski also reflects on his proudest moments and offers advice for young entrepreneurs navigating their careers.
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Episode Transcript
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Speaker 1 (00:07):
Well, no one altered.
Speaker 2 (00:08):
Investment banker, consumer advocate, analyst, trader. Chris Markowski is the
watchdog on Wall Street?
Speaker 1 (00:16):
Do you want to answer?
Speaker 2 (00:17):
You're exposing the lines and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.
Speaker 3 (00:28):
You can't handle the true proof.
Speaker 2 (00:30):
Bringing America the truth about what really happens in the
financial world. Ladies and gentlemen.
Speaker 4 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the Watchdog on Wall Streets.
Speaker 5 (00:43):
All right, I told you a big surprise third hour.
Speaker 4 (00:46):
I warn you big surprise third hour of the program.
I'm taking probably the greatest risk in the history of
the Watchdog on Wall Street show, go away.
Speaker 1 (00:56):
Out of it.
Speaker 5 (00:56):
We've been only on twenty five years. I've never done this.
Speaker 4 (01:00):
I'm bringing on some of my people, some of my
people here to interview me. Yep, yep, completely different format
here today.
Speaker 5 (01:10):
I don't know.
Speaker 4 (01:11):
I don't know what came over me this past week,
but I said, you know what, I got these three
amigos here working for me over the summer.
Speaker 5 (01:18):
Here, our interns, and.
Speaker 4 (01:21):
They've been doing they've been doing a good job. They've
got a job that they're helping. Uh, you know, I
guess kind of show me the light when it comes
to bloody TikTok and other nonsense out there and getting
my social media exposure up there, because you guys know
how much I love social media.
Speaker 5 (01:35):
They've been doing a great job.
Speaker 4 (01:36):
I said, you know, I know what's going to be
there till last week before they have to, you know,
head off to school and other endeavors. I said, you know,
why don't I have them come on and actually, in
essence guest host the program by interviewing me. I'm gonna
introduce you to the three amigos here. We're going to
start here. On my left, we got Connor Terrio. He
just you just graduated graduate degree from University of Tampa.
(01:59):
He did his under at Brown. Right, you just finished.
Speaker 6 (02:02):
I have a week and a half until I finished.
Speaker 5 (02:04):
Week and a half until he's gonna get his graduating Here.
Speaker 4 (02:06):
I got Patrick macliff just graduated from Providence and he's
going on, you're gonna go do your master's in finance
at Babson. Correct, Gret, that's coming up. We got Matt
Vera he's gonna be a junior at the University of Tampa.
Speaker 7 (02:19):
Yeah, make me feel young out here.
Speaker 4 (02:23):
All right, guys, I appreciate you coming in here today.
We're gonna have a little bit of fun. Don't worry guys,
you know, just so you know, people aware out there.
We don't have human resources at Markowski Investments, so I
can bust as much stones as I want at any
point in time.
Speaker 5 (02:36):
It's a wonderful. It's a beautiful thing. We're old school.
So what's up. You guys are taking over the program.
I'm here, bring it. What are we talking about?
Speaker 6 (02:43):
Yeah, first off, thanks for having us.
Speaker 5 (02:45):
Please, no, no, no, no, You've got me your show.
You're taking the reins, all right.
Speaker 6 (02:49):
Yeah, we kind of just wanted to hear the backstory
behind the Watchdog and how that came.
Speaker 5 (02:53):
To be The Watchdog and Wall Street Show. Good question.
Speaker 4 (02:57):
Okay, back back in the nineteen nineties, prior to me
having this radio show, I had the newsletter. You guys
have actually were helping me, you know, revamp the newsletter.
We're going to be doing that a little bit more.
And I made a lot of really interesting calls back
in the nineteen nineties and obviously it was a two
decades younger at that point in time, and I had
(03:19):
a lot of people basically calling me crazy. So I
would be going on I'd get invited on radio shows,
television programs, and I was warning people. I said, these
dot coms are overvalued. Many of them are going to
collapse again. You know, at that point in time, you
guys weren't even alive at that point in time. Everyone
was saying, oh, no, earnings don't matter. It's a new paradigm.
(03:41):
Everything can keep going up and up and up and
goes into the roof. And I said, no, earnings do matter.
These companies have little to know earnings.
Speaker 5 (03:47):
And it was a.
Speaker 4 (03:47):
Different environment for investment banking at that point in time.
You didn't have the setup today where they would ladder
companies up via private equity over a period of time.
Companies just go public like that. And I'd get a
person on my desk and I look at this business
plan and I'd be like, this is going to fail.
Speaker 5 (04:04):
You could almost set a date by it.
Speaker 4 (04:06):
The amount of cash that they raised and what their
burn rate was, what they were spending when they were
going to go under. There was it was an actual
company This was in New York City and it got
a lot of fanfare. The company's idea was it was
going to deliver I kid you not Ben and Jerry's
ice cream and videotapes to people's homes. I mean that
was that was their business plan. It was called Kozimo
(04:28):
and you'd returned them out of Starbucks. It was one
of the dumbest ideas ever. The valuation went through the roof.
It was just stupid. And I'm warning against these things.
And then I also warned, this has kind of really
got me some notariety. I warned against Enron. You guys
familiar with the nam Nron a little bit, I know
it's predates you. It was a big, huge company for
I was five years straight. Fortune magazine named it the
(04:50):
uh most innovative company in the country. You know, all
these big players, energy trades, all this stuff. And I
didn't get it, and I said, this country, something's wrong here.
I don't understand. Wrote a column on it, and I
turned out to be right. And after doing all of
these appearances and whatnot, then I got an offer. They said, hey, Chris,
why don't you do your own show now. At that
(05:12):
point in time, Jim Kramer, which on CNBC. He had
his own program, and they wanted me to do a
show like that, like a buy selling whole program, and
I said, I won't do that. I said, you know,
I'm a financial advisor. You know it's not right. I
think shows like that are nonsensical. You're going on air
telling people with the buy you don't know that person,
you don't know that individual clients.
Speaker 5 (05:31):
It's insane. You can't throw out information like that.
Speaker 4 (05:34):
So I did the Watchdog on Wall Street show because
I said, you know what, I'm going to go after
scams and frauds and helping people out. At that point
in time, I showed the kids the movie Boiler Room,
but everybody's familiar with the Wolf on Wall Street. We
went after those people who got ripped off and helped
them rebuild their accounts. So we started this program at
Markowski Investments called the Account Repair Program, where we basically
(05:57):
help people rebuild.
Speaker 5 (05:58):
Their accounts over time.
Speaker 4 (05:59):
I don't because again, everything in life that is meeting
wagon worth involves work, time and effort, and that's how
I got started.
Speaker 5 (06:05):
So I started out with two.
Speaker 4 (06:06):
Stations in two thousand and it took off from there.
Speaker 5 (06:11):
Awesome. Thank you.
Speaker 6 (06:16):
Yeah, that's really cool.
Speaker 7 (06:16):
I think how you started that and how you know
you kept your morals and you didn't do what you
know they wanted you to do, but you did it
in a different way. I think is really cool. But
you know, starting in Markowski Investments with your brothers seems
like a really cool business model, you know, family oriented.
How do you think working with your brothers and making
it family oriented has separated you guys from you know
the rest of your competitors.
Speaker 4 (06:38):
Actually, the last the last fistfight I got into it
my brother Mike was it was actually a kid you
not was over a jockstrap during Babe Ruth baseball back
when we were kids. No, we do argue, okay, there's
no doubt about it, you know, but that's that's okay,
It's okay. The best thing about being in this business
(06:59):
with our job is we to put our clients interests
above our own.
Speaker 5 (07:03):
And I say it all the time. I said, too
many people on Wall Street have had.
Speaker 4 (07:06):
An ethical bypass at birth and they have no problem.
They can just people end up finding ways they have
a People say that was it.
Speaker 5 (07:16):
Money is the root of all evil.
Speaker 4 (07:18):
Money is not the root of all evil, love of money,
worshiping money and doing anything to obtain it, and justifying
it in your mind. And that happens all the time
on Wall Street. Almost of the way that they set
up the entire training programs for kids is that they
crush you to such a degree. You know, your work
in you know, one and ten hundred and twenty hours
a week, and after you go through that, they almost
(07:40):
wear you down. You're like, you know, and they present
you with something that might be immoral, and you say, well,
I've worked this hard. I don't want to quit or
anything like that. Again, I don't have to deal with
that with my brothers. Okay, I know who I'm doing
business with. And again we only started out there's the
three of us, but now we've brought on people that
(08:00):
are like minded, and now we have twenty five offices
around the country and we're could continuing to add, but
we're very, very tough on who we bring in and
they've got to follow our rules.
Speaker 3 (08:10):
Yeah, I mean, the foundation, like you said, of your
business does kind of bounce off of those morals and
being ethical and like you're very family oriented.
Speaker 6 (08:19):
But where do those morals come from?
Speaker 3 (08:20):
Like, who could you credit that to, Like, how do
you have three brothers that like come together just share
a same mindset? Like?
Speaker 5 (08:26):
What instilled that into you guys?
Speaker 3 (08:27):
What do you think made you guys want to make
a difference and kind of branch out from something that was.
Speaker 4 (08:32):
More Well, Patrick, you've got a sister. You and your
sister that far off, you got the same mom and dad, right, Yes,
we do. Okay, it's just a similar type of thing.
It's it's your upbringing and how you know what you're
taught and how you're brought up and you know, having
that instilled in your kids at a very young age.
Speaker 5 (08:50):
You know, that's just set I've got.
Speaker 4 (08:52):
I've got three kids, and you know, it's the most
important job that I have I'm going to ever have
in life is making sure that my kids are going
to do the right thing. I don't care what they do,
I don't It doesn't make any difference, but that they're
gonna be good people and they're going to buy buy
a certain you know, ethics and morals and have that
type of integrity. Uh, it's the integrity over reputation, any
(09:14):
any any, not any everything that has to be first
and foremost in everything you do and even if it
says you know again, you're you're gonna be tempted. You
guys are gonna be tempted throughout life to take shortcuts
and don't.
Speaker 5 (09:26):
That's what I just said.
Speaker 4 (09:27):
Everything in life that has meaning, value and worth involves
work time. And if you start taking shortcuts in life
again and you start justifying things in your mind, it's
a slippery slope. Slippery slope you start heading in that direction.
Speaker 6 (09:41):
No good, Yeah, that makes a ton of sense.
Speaker 8 (09:47):
I was kind of wondering, just for the general audience,
how would you as a financial advisor looking to people
start making money, How would you advise someone or what
would you tell someone to look to when trying to
find specific financial advisor to work with.
Speaker 5 (10:02):
Oh, someone was looking for one. Okay, it's the same.
Speaker 4 (10:07):
Way, and you guys are going to experience this later
on down the road. It's an important thing. There's certain
jobs that out there that are I believe our professions.
Your doctor supposed to be a profession, even though we're
heading in the wrong direction with that because the money
the doctors are actually owned by corporations now, and how
we're doing things with hospitals, and I don't like it.
(10:28):
Nobody is happy with the direction of healthcare in this country. Accountants, lawyers,
and most certainly your financial advisor.
Speaker 5 (10:35):
You have to take a look and you have to.
Speaker 4 (10:36):
Understand who you're doing business with and what motivates them
and what their true motivation is and everything in life.
Speaker 5 (10:44):
And you've got to do your homework. There's lots of
ways you can do that.
Speaker 4 (10:48):
I try, my darness, Like I said, I have been
doing it now for thirty years, to put ourselves out
there and explain who we.
Speaker 5 (10:54):
Are and what we believe in.
Speaker 4 (10:55):
And again every day, every day, I'm giving my opinion,
you know, through our podcast, through this show, television appearances,
so you know who you are dealing with or we're
not hiding from anyone. This is who we are. It's
as plain as day. And we don't we don't deviate.
This is our way of doing things. We're not going
to change. We we reject clients. And if there's been
(11:20):
situations out there where no, we need you to do
this for us, and we need you to make sure
that you know the electricity is on on our second home,
third home, and gas and by said no, no, no, no, no, no, no,
that's not us Okay, that's not what we do. We're
gonna manage your money. We're gonna do it the right way.
We're gonna have the best accountants, we're gonna have the
best lawyers. We're gonna provide all of these services to you.
Make sure that you're working with somebody that's able to
(11:43):
do that. Okay.
Speaker 5 (11:45):
Also, you know, I don't know everything. Okay.
Speaker 4 (11:47):
Another big key is too you may ask a question.
It's the good sign if somebody tells you that they
don't know what they're gonna find out.
Speaker 5 (11:54):
People who start trying to make themselves out.
Speaker 4 (11:57):
To be smarter than they actually are by coming up
with answer the things that are gonna end up being wrong,
don't do that, you know, look out for that as well.
Speaker 5 (12:05):
But again, it's.
Speaker 4 (12:07):
Especially in what we do with ma feel handling your
money again, that's what we call it. We're like they're
Famili's personal CFO, chief financial officer for the for your
family for life. Make sure that you know you have
the same same values as they do.
Speaker 5 (12:23):
Want to put it that way, who's up?
Speaker 7 (12:27):
Sure, I'll go yeah. I love that response. You know,
making sure you have the same values as your clients.
I think that's really important, especially if you're going to
be that personal CFO. You know you're gonna be working
with them and the rest of their family and you
want to you know, set them up for their generations
to come. But uh uh, like interacting with your clients.
I know you do a lot of the outreach and
(12:47):
the social media part of it, but when sitting down
and meeting with your clients, like, how do you set
that up? How do you make sure that when you come,
they feel, you know, welcomed and you're prepared and you
can you know, because that face to face conversation, actually
sitting down with the clients very important. So how do
you make you like you and your brothers? How do
you guys make yourself feel that way?
Speaker 4 (13:07):
Well, again, based on how we put ourselves out there
and everything, it's not easy for us to Again, we've
got so many clients. Most of the most of the
interactions that we have in our clients are over the phone,
via zoom the other ways. I've got clients in North Polo, Alaska.
I've got got clients, you know, all over the world Europe.
(13:28):
I can't go there all the time, and this is
one of the things I try to explain, and unfortunately
people get wrapped up and the bs with their financial advisors.
What chotch keys they can give them, or how many
times they're taking them out to golf, are going out
to dinner. We do that, We do that when we can.
But the reality is, again there's not enough. There's not
enough days in the year for me to be able
(13:50):
to do that. And also the reality is is that
I don't have time. You know, I'm better served doing
my job. You know, you don't go more.
Speaker 5 (13:59):
You're not going. That was the last time you went
golfing with your doctor? Okay?
Speaker 4 (14:04):
You know, unless he's an actual friend of yours, he's busy, Okay,
he's doing things. He's got other patients, Okay, and that's
what they should be doing.
Speaker 5 (14:11):
I know, I don't.
Speaker 4 (14:11):
You know, my golf game sucks. People ask me a
whole time. Oh you guys, you must be great at golf,
your financial advisor.
Speaker 5 (14:16):
Now I'm not. I suck. I don't play. I don't
have time.
Speaker 4 (14:20):
You know, the amount of time I have to spend
at work and doing our job and.
Speaker 5 (14:25):
Feelfilling needs some clients. I don't have time for that stuff.
Speaker 7 (14:27):
You know.
Speaker 5 (14:28):
Not to mention facts my clients know that.
Speaker 4 (14:30):
You know that free time that I am I'm going
to have more than that is going to be spent
with my kids and my wife.
Speaker 3 (14:35):
Yeah, great response there.
Speaker 4 (14:39):
So you don't have to you don't have to kiss
my ass for the response there.
Speaker 6 (14:42):
Patricks, I don't care about you know that.
Speaker 3 (14:49):
Come on, come on, no, I mean I want to
ask a question that's a little bit more like personal
to like your experience, and I mean, we know you're
a very successful guy.
Speaker 5 (14:58):
I've been doing this for twenty five hours.
Speaker 4 (15:00):
I'm gonna tell what I'm gonna Yeah, we gotta do something.
I gotta pay some bills. Okay, hold that thought, Hold
that thought. I would forgot to even look at the clock.
We're gonna take a quick break right here. You listen
to the Watchdog on Wall Street show not hosted by me,
right now, hosted by the Three Amigos. Three Amigo Don't
go anywhere, but you've got to go somewhere and get
to our website, Watchdog on Wallstreet dot com. Sign up
for our personal CFO program, podcast, newsletter, all sorts of
(15:22):
great stuff Watchdog on Wall Street dot com, or give
us a call eight hundred four seven one fifty.
Speaker 1 (15:27):
Nine eighty four. You should believe in math, not magic.
Speaker 2 (15:49):
You're listening to The Watchdog in Wall Street with Chris Markowski.
Speaker 5 (15:54):
Welcome back, what a mack.
Speaker 4 (15:56):
It is the Watchdog on Wall Street Show, very special
hour here in the program doing something that we have
never done in twenty five years. I am handing over
the reins, handing over the rains to the three amigos
my interns today. But they sound a lot like Eddie
Haskell from Leave It to Beaver? Don't they a j
just a little bit genius?
Speaker 5 (16:16):
Is Cleaver? You look really nice today?
Speaker 4 (16:18):
But if you haven't even commented on my shirt yet today,
what's the matter with you?
Speaker 5 (16:21):
Man? For crying out loud? I think it looks great
on you. Thank you, thank you? All right? All right,
so okay, what's up? What's the next question? Back to it?
Speaker 3 (16:30):
So I'm curious about, you know, just want to get
a little bit more personal and sort of touching on
your book, like your your work, Time and Effort book.
You talk a lot about you know, entrepreneurs, business owners,
and you know the hardships they face, failure and how
they're able to you know, navigate that and triumph those
and and be successful in business. I kind of want
to hear about maybe some of those you know, trials
(16:51):
and tribulations, some of those hardships that you face maybe
a time you fail at a time or you know,
there are struggles that you face and how you overcame
those and how that helped like shape you and.
Speaker 5 (16:59):
Your Oh, I'll give you a share with you a
great story. This one's fun.
Speaker 4 (17:05):
This is when I was first first starting on Wall
Street and again I naive.
Speaker 5 (17:11):
You know, I'm from upstate New York, Syracuse University.
Speaker 4 (17:14):
Went down there working at one of the up and
coming top firms at the time, and it's got all
ivy league guys that are running this place. But I
started noticing that something was something was missed, something was wrong,
and you know, it was basically how they were treating
clients and how I didn't agree with, you know, what
(17:35):
they wanted.
Speaker 5 (17:36):
Us to do. It's a true story that we did.
Speaker 4 (17:38):
This is back in the day there would be a
Our office was Midtown Manhattan, the entire floor, it's almost
like an entire block of a building in New York City.
Speaker 5 (17:48):
And back then it was again it was different.
Speaker 4 (17:50):
This is back in the days where we actually wrote
out paper tickets and whatnot nineteen nineties. And you know,
they get a call, they'd be on a microphone and
like Markowski brothers, it was just my brother, My and
I at that time report to report to Jeff's office.
Speaker 5 (18:03):
And Jeff was our sales manager and at.
Speaker 4 (18:05):
The time we were leading the firm as far as
bringing in new business, new accounts.
Speaker 5 (18:11):
Great job with our clients. Calls us in and he basically,
you know, to bring your book with you. Okay, that's
another thing.
Speaker 4 (18:18):
We actually had physical, actual books with holding pages of
your clients and they wrote all the positions down and
he starts thumbing through our books. And this is a big,
hulking guy. He's like about six three six y four
two twenty two thirty. But he always always grossed me out.
He always had that corner spit on the corner of
his mouth and he started yelling and he'd be like, whoa,
(18:39):
I gotta dodge it. Oh, it's going to be coming
at me in a second, because you knew he was
going to come flying out of his mouth. But anyway,
this guy was a real jerk, and he basically said,
I'll tell you guys how you can make all this money.
He starts going through our book. He's like, sell this,
move this here, do this. Basically churn and burn. Make
a long story short, basically churn and burn our clients.
Speaker 5 (18:57):
And I'm like, we're not going to do that.
Speaker 4 (19:00):
And again, we were not even into business for that long,
and he was our boss, and you know, it went
on a screaming tirade at us, screaming tirade at us, saying, hey,
you know what, you know, you guys are gonna never
gonna make it in this business. You guys are a
bunch of lose all this stuff. And then at that
point I was like, all right, we've got to leave.
We've got to get out of here. I can't do that.
(19:21):
And a lot of these firms operate where it's almost
a hotel California. You can check in any time you want,
you can never leave. So we started telling our clients
we're going to leave these you know they're gonna got
bad people here. What happened was we left pofully Legal
firms suit us for leaving. Basically every took me for
(19:42):
every dime that I had. Okay, but again they eventually
get ended up getting in trouble. I ended up having
to testify some of the stuff that they did against them.
But I had to rebuild everything from square one, and
you had to take you know, sometimes in life you
got to take it out of fifty sixty steps back
to maybe take all the steps forward. But it's difficult
at the time because you think about all the work
(20:02):
that you put in and everything that you built into.
Speaker 5 (20:04):
But that's part of thing. I wasn't going to adjust,
you know, my belief system and.
Speaker 4 (20:10):
My morals to fit these jerks that wanted to ruin
people that put their faith in me, which is not
gonna happen. Finny Stretch good question, Good question, Eddie. I
mean Patrick got to take a quick break.
Speaker 5 (20:23):
Watchdog on Wallstreet dot Com. Watch Dog on Wallstreet dot
Com is our site. Don't go anywhere. We got the
three of Meg's. They're gonna be back with us. Don't
go anywhere.
Speaker 6 (20:34):
This shade.
Speaker 2 (20:37):
Chris Markowski is the Watchdog on Wall Street bringing America
(21:00):
financial freedom. One listener at a time. You're listening to
The Watchdog on Wall Street with Chris Morkowski.
Speaker 5 (21:12):
Where welcome back.
Speaker 4 (21:16):
It is the Watchdog on Wall Stretcher, Welcome Back, Special
Special Hour of the watch Dog on Wall Street program.
I've got got the summer interns interviewing me.
Speaker 5 (21:28):
Who's up?
Speaker 4 (21:29):
I'm all that some Okay, Here a short story about
Matt here real quick, I've known Matt.
Speaker 5 (21:34):
No, Matt for a long time since when when did
you move here? Ten years old?
Speaker 4 (21:37):
So he mat he was ten, ten years old and
coached him lacrosse. That's how we met, way way back when. Quick,
little bugger, you.
Speaker 7 (21:49):
Are about the fundamentally, how many points did you.
Speaker 5 (21:52):
End up having your your at Saint Stephen's Day when
you were done?
Speaker 6 (21:56):
I finished with.
Speaker 7 (21:56):
Three hundred and twenty something points? Yeah, school record. Hopefully
nobody takes that time.
Speaker 5 (22:02):
So is that the state record?
Speaker 7 (22:04):
No, not the state but the state record. I don't know,
but it's over four hundred points, so really now, yeah there, Yeah,
it's impressive, crazy, I know, but all right, yes, But
speaking about the past, you've done the show for twenty
five plus years, which is which is awesome. Congratulations on that.
But where do you see this this show your Watchdog
(22:25):
page Smarkowski investments in the future ten years down the line,
where do you think? I know that's a hard question
to answer, but where do you see the future of
this going.
Speaker 4 (22:32):
Yeah, there's gonna be some Ai Markowski taking up at
some point after the idea how I'm gonna end up
being replaced. It's it's changed a lot, and it's again
it's been it's hard, I tell you. When it was
just radio, it was a hell of a lot easier
for me and this whole everybody listen to talk radio
was was king and it obviously it's changed and the
(22:56):
atention span of people have changed. Now we're still on
over two hundre something radio stations around the country and
that's great, but you know, now I've got to figure
out algorithms, and I got to figure out you know,
hashtags and all this stuff and pumping stuff out on
YouTube and the podcasts I do really well, the ones
(23:16):
the Apple and Spotify and those are the people will
actually sit there and pay attention. But it's interesting. It's again,
it's what you're going to have to kind of you
have to move. You know, it's just said you can't.
You can't battle the train. The train is what it is.
Speaker 5 (23:30):
I have to adjust to it.
Speaker 4 (23:31):
You know, my videos that I put out every day,
the little short ones, they're the ones that get the
most attention. So anything that's even longer form, I don't know,
whatever it may be. You know, people will listen to
a part of it. But again that's those are the
ones that you're getting the hits. I have to kind
of adapt to the times. But I'm going to kind
of keep working and trying to figure out what works
and continue to try to get our message out as
(23:52):
best we possibly can.
Speaker 7 (23:54):
Yeah, and as times change and technology changes, you obviously
have to adapt with that. You know. That's tough part
about being in a business like this, you you always
changing and adapting. But I think that's something that you
can credit towards, you know, you know, working hard your
whole life and uh, you know, just being a part
of a really cool company that you get to do
something like this.
Speaker 4 (24:13):
The only thing that really bought about the new technology
stuff which which changed, which was a difference in radio
where I got hit. We really was a setback for
us with the Watchdog on Wall Street Show, with our
stuff on podcasts and Facebook and all that jazz was
COVID was because I questioned what was going on. Yeah,
I you know, and I was living on Long Island
at the time, and I'm watching this Derek Conian nonsense
(24:35):
going on.
Speaker 5 (24:35):
And I'm saying, wait a sect, what you mean to tell.
Speaker 4 (24:38):
Me you're going to shut down all the stores except
Walmart and Target, and you're going to send everybody to
those stores.
Speaker 5 (24:45):
How does this make any sense?
Speaker 4 (24:47):
Whatso? I mean the nonsense that they were coming up with.
And I, you know, I started doing a tunnel like
I do, I delve into a topic. I do so
much homework and reading and you know, and what's going
on speaking with people, and I said, this is nonsense.
I said this, none of this is going to work.
This is the dumbest thing that we've ever done. This
is against the law. They're shutting down the country. And
I'm talking about this on the air, and you want
(25:09):
to get deplatformed, but quick, that's how you do.
Speaker 5 (25:11):
It happened.
Speaker 4 (25:12):
I mean, there was no doubt about it that all
of these you know, big media companies, Google, whatnot, they
they censored people who were going against whatever the government
was saying at that point in time.
Speaker 5 (25:22):
That that hurt, that was That's frightening if you actually
think about it.
Speaker 4 (25:26):
I've always said on air, you know, on the radio,
I've always said whatever I wanted to, and you know,
from time to time, what a radio station maybe get
upset because I might have been ripping on one of
their posts or whatever it may be. Yeah, but I
wouldn't be deplatformed or anything like that. And it's again
the power of this stuff. It's kind of creepy if
(25:46):
you think about it.
Speaker 7 (25:47):
Yeah, like big media companies, like the news stations, they
can kind of control the narrative that they want to
push out. And if you kind of sell yourself into that,
people like to hear what they you know, what they
want to hear, so they're going to listen to that.
Do you think you know, being somewhere in the middle
and challenging a lot of both sides of politics and
stuff has helped you. Do you think it's hurt you?
Speaker 3 (26:05):
I know you've just hurt.
Speaker 4 (26:07):
Without without a doubt. It would be so much better
if I just came on this program and I just
picked a side, okay, and as it's oh yeah there was,
if you just picked the party and just targeted these
types of people. I'm not going to do that, I said,
you know your job again, I'm lucky enough, okay that
I can get in front and I can communicate with
(26:28):
this amount of people. I take it as a as
a big responsibility, a big responsibility to get it right
and to be truthful with people as best I possibly can.
If I get something that's the slightest bit wrong or inaccurate,
whatever it may be, I'm going to make sure it's corrected,
but quick. Yeah, you know, it's always been the case.
(26:48):
It's always been the case with media in regards to
if you send enough money there that you can kind
of buy them off.
Speaker 5 (26:56):
Actually, it's just a true story.
Speaker 4 (26:57):
I got a hold of an advertising contract from Morgan
Stanley this there was like two thousand, maybe twousand and six,
two thousand and seven, and I'm making fun of the
advertisements that they were running on air. And they actually
said in their advertising contract from the major media networkers
that if you're planning any negative coverage of our company,
pull all our ads. So you know, your Fox or NBC,
(27:21):
whatever it may be, you want that ad revenue, So
are you going to run that nasty story? An example
is this There was actually there was a great television
showing you guys ever saw it. It's called mad Men.
It was about the advertising agencies in the nineteen sixties.
There was a line in that movie the guy was
bragging saying, we spend so much money at the New
York Times and advertising. I could get them to print,
mind comprom the front pages and they would do it.
Speaker 5 (27:43):
And a lot of times.
Speaker 4 (27:44):
That's how things work in this world, is that a
lot of news can be bought and sold. But in
the case around COVID, that was that was the government.
That was government putting pressure on these media companies. You
better get in line, you better do this. And without
a doubt, there was a lot of money at stake.
There was a lot of money at steak with the
vaccines and running that out, and the amount of money
(28:04):
that was made. It was again I get PTSD thinking
back at that point in time, because that's how frustrated
I was.
Speaker 5 (28:11):
Gotta take quick break.
Speaker 4 (28:11):
You're listening to the Watchdog on Wall Street show, Watchdog
on Wall Street dot com.
Speaker 5 (28:16):
Don't know anywhere? Well, be that.
Speaker 2 (28:34):
Teaking Wall streets, liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.
Speaker 5 (28:44):
You guys are familiar.
Speaker 4 (28:44):
It's called rock music where they actually play instruments and
they don't use auto tune and stuff like that. You guys,
what everybody it is the Watchdog on Wall Street show.
I always honored to have you tuned into the program.
Who's up, Connor, That's me?
Speaker 5 (29:01):
Yeah.
Speaker 8 (29:01):
I also wanted to kind of set a story straight. Obviously,
Matt had a great high school across career, putting up
three hundred plus points, but Pat and I watch an
iconic four goal performance in his mensley yesterday.
Speaker 6 (29:12):
So I thought the viewers should see that.
Speaker 8 (29:16):
I kind of wanted to piggyback off of Matt's question
and going off of the twenty five year anniversary of
Watchogg going to Wall Street, what has been the proudest
moment coming from you?
Speaker 5 (29:27):
Wow?
Speaker 4 (29:30):
You know, I think it's probably just the longevity and
the fact that I'm still here. Over the years, I've
had the opportunity to do a lot of really neat
stuff with the show. I broadcast at Republican Convention, Democratic
Convention inaugurations, been able to do a lot of things.
(29:53):
But we've helped so many people over the years. It's
just we've done countless shows. Just talking about last week
here on the program, you know, up in our attic,
I've got books and books, CD books because before it
was all digital CDs of this program. We've warned so
many people about ripoffs and scams. I actually got a
hold of a Bernie made off account statement. This is
(30:17):
you know, before everything collapsed, and we warned people about
him helping people to avoid getting ripped off and scammed
and losing money and bringing people on. And one of
the greatest things about the show and Markowski Investments and
what differentiates as well, is that we're not just managing
people that have ten million dollars coming in. Yeah, you
(30:38):
gotta have ten million dollars to work with Markowski Investments.
We've watched people build wealth over time. That's that's one
of the most rewarding things ever, is having a client
for thirty years and knowing when they started and you know,
you could, I can take a look at it.
Speaker 5 (30:52):
This is where you started thirty look at where you're at.
Speaker 4 (30:55):
Now, you know, and it's just like pow if you
actually think about it, and to see the type of
growth scene over these.
Speaker 5 (31:00):
And that's that's fun. You know, it's funny.
Speaker 1 (31:03):
I have no produet.
Speaker 4 (31:05):
Great, I'll manage people's you know, massive accounts, which we're
gonna do, okay, and that's rewarding, But honestly, building people's
wealth and being able to do that to the show
and reaching people that by far and away takes the cake.
I'd have to say, good question, good question. Con gotta
take a break.
Speaker 5 (31:21):
Watch Dog on Wallstreet dot Com one segment up with
the three of me go's.
Speaker 4 (31:25):
Okay, we got one, we got seven minutes. You guys
got to pick them. Pick a good one. Don't go anywhere,
We'll be back.
Speaker 2 (31:38):
You're listening to the watch Dog on Wall Street. This
(31:59):
is the Watchdog on Wall Street.
Speaker 4 (32:03):
Yes, it is Welcome back everybody. Yep, Special Hour of
the Programs fun. Never done this before on the program.
I just gonna let you guys know, Okay, I you know,
I gotta you guys got a.
Speaker 5 (32:15):
Lot to live up to. The the interns that I've had.
Speaker 4 (32:20):
That's going back to what I've going back for two
thousand and two we first started taking interns.
Speaker 5 (32:26):
I've got orthopedic surgeon.
Speaker 4 (32:28):
I got all these things that all these kids in
Brooking at Big Ball, We've get kids have worked done
very very well.
Speaker 5 (32:35):
Just so you know, so I expect you guys to
do the same. Right, all right, it's gonna happen. Okay, good,
So who's up?
Speaker 6 (32:43):
I have a good question for you, I mean me personally.
Speaker 3 (32:45):
I know if I'm gonna give a piece of advice
it would be for Matt Vera over here to get
a new barber. But I'm curious to hear about if
you can give any piece of advice to the future generation,
something that can you know they can look out for,
change the way they think, anything like that. Just what
would that be?
Speaker 1 (33:03):
Wow?
Speaker 5 (33:04):
Act, it's a good question.
Speaker 4 (33:05):
Actually did a little bit on the podcast yesterday on this,
and again I'm blatantly honest. I think quite frankly, you know,
I think it's tough for you guys right now. The
average rent in the country back in two thousands around
six hundred and fifty bucks. Average rent right now is
about seventeen hundred bucks. Medium price home in this country
(33:28):
is over four hundred and fifty five thousand dollars.
Speaker 5 (33:33):
Things have gotten out of control.
Speaker 4 (33:35):
You guys have all worked hard, You've all busted your
button everything you do. You're all top level athletes, top
students and all this stuff, and you're now facing a
world where you know what field am I going to
go into? Yeah, I speak with some people today they're
expecting over the next couple of years in the world
of finance, three hundred thousand layoffs over the next couple
of years, three hundred thousand.
Speaker 5 (33:56):
And it's daunting.
Speaker 4 (33:57):
And I'm not doing this to scare you, because every
generation is going to have to fight their own battle.
Speaker 5 (34:05):
You know, you can talk about the greatest generation.
Speaker 4 (34:07):
Kids were, you know, sixteen seventeen, eighteen years old and
they were being shipped off the storm of Beach in Normandy.
And in some respects, you know that almost somewhat if
you think about it easier as far as your mindset,
at least you had you know, you knew what you
were going to do and what you had to do
moving forward. It's a confusing time for you guys. But
(34:27):
what you need to get on is you need to
get on that time of a wartime footing. And what
I mean by that is you really have to be motivated.
You have to do everything you can to differentiate yourself
from somebody else. You can't be a follower all everybody's
doing it this way. I always try to tell people,
conventional wisdom is poison. You got to get yourself a
(34:51):
good group. You don't need a massive group of people
that are like minded that you can lean on again,
not letting, not letting your more slip.
Speaker 5 (35:00):
Integrity is everything. Put the damn phone down and pick
up a book. That's another big one with me. You know,
I see it.
Speaker 4 (35:08):
You know, you walk into a coffee shop or something
like that, and I see everybody's heads down in the phone.
Rather have your head in a book than being, you know,
wasting your time on these things and doing everything and
anything that you can do the same way I think.
You know, you guys are working me, helping me market
and utilize social media.
Speaker 5 (35:26):
You know what do we try to do.
Speaker 4 (35:27):
We try to show that Markowski Investments is different than
everybody else. We're better than every everybody else. And why
And when you get that job, you get that career, okay,
whatever it may be. All you need is you're gonna
stay there forever, okay if you want to. As long
as that you can prove your worth and you can
show your boss and you're putting money into their pockets
every single day.
Speaker 5 (35:48):
And that's just the way that the thing is. You
have to do that.
Speaker 4 (35:52):
I hope I love people that go out there and
start their own thing in the world. Hopefully you take
whatever talent you have. Okay, if you're given abilities. Say,
I'm a big believer in that God has given each
and every one of you a talent. It's you know,
you have to you have to figure out what that is, okay,
and what you're going to use it for, and ultimately
what you're going to use it for is the greater
(36:13):
good for everyone here. And if you follow that path
and that mentality, don't care how difficult it is out there,
You're going to be okay.
Speaker 5 (36:21):
All right, yeah, okay.
Speaker 3 (36:24):
So to expand on on sort of those three hundred
thousand layoffs that you're projecting.
Speaker 4 (36:29):
Say, I scared the crap out of you, guys, definitely
touch Would you attribute I'm hiring guys, so I just
you know, I'm interested.
Speaker 3 (36:38):
Would you attribute those layoffs to like is that artificial intelligence?
Speaker 7 (36:42):
Like?
Speaker 5 (36:42):
Is that part of it? A big part of that
big part. But again this this is again it's not new.
Speaker 4 (36:48):
When I was in the industry, again, you had sales
assistance that had to mark do all of your books
and mark everything. And you had massive back offices. Like
I said, you had paper ticket there was a lot more.
There was massive trading floors downtown New York. Wall Street
was tons of firms and all sorts of that that
went away. I mean that went away, you know, come
(37:10):
two thousand two, two thousand and three. It's never come back.
Most of these the office buildings in downtown Manhattan, that
whole area down there I've turned into they're turning into apartments,
you know, because certain areas will downsize, things will change
to some degree, and it's it's going to change again.
But you're also after they figure out what to do next,
jobs will be created.
Speaker 5 (37:30):
You know that that's always the case.
Speaker 4 (37:31):
Let's see again, it's, you know, economist Joseph Schumper creative destruction.
Speaker 5 (37:36):
Something is going to be destroyed, but something else is
going to be created.
Speaker 7 (37:40):
All right, So I know we're probably the best guests
you've ever had on the show. But moving forward, if
you can just rapid fire, pick three people that you
would love to have on the show that just to
have conversations with.
Speaker 1 (37:50):
Who would be.
Speaker 4 (37:52):
Easy first and foremost Nassam Nicholas Talub. I've talked about
him all the time, and I highly recommend everybody read
his books Black Swan, Anti Fragile, Fooled by Randomness, Skin
in the Game. He's one of the best in my opinion,
risk management guys and philosophers out there is an absolute genius.
(38:12):
Would love to speak to him. I would love to
have love to have the new Pope on the program.
I think it's really kind of, you know, neat to
have first American pope. I now again get the Big
East over here with Patrick of Providence. Even though he's
a villanova guy. UH love to have him on the program.
It would be great to have that on him. Ye
go Friars, There's no doubt about that.
Speaker 5 (38:33):
But I definitely definitely is those two a third? Hmmm,
that's a tough one. It really is.
Speaker 4 (38:41):
I'm trying to think again, because there's not many people
as far as politics that impressed me.
Speaker 5 (38:46):
You stumped me for crying out. I never get stuck.
Speaker 1 (38:50):
We can come back.
Speaker 5 (38:53):
Guys, thank you so much. Thank you so much for
coming in and doing this today. I think there's a
lot of fun. I agreeciate it. Now get your ass
out of here, get back to work, Yes, sir, thank you,
all right, thank you. Watchdog on Wall Street dot Com.
God bless everyone. We'll see the same time, same place
next week.
Speaker 1 (39:16):
Chris Markowski is the watch dog on Wall Streets
Well, no one altered.
Speaker 2 (00:08):
Investment banker, consumer advocate, analyst, trader. Chris Markowski is the
watchdog on Wall Street?
Speaker 1 (00:16):
Do you want to answer?
Speaker 2 (00:17):
You're exposing the lines and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.
Speaker 3 (00:28):
You can't handle the true proof.
Speaker 2 (00:30):
Bringing America the truth about what really happens in the
financial world. Ladies and gentlemen.
Speaker 4 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the Watchdog on Wall Streets.
Speaker 5 (00:43):
All right, I told you a big surprise third hour.
Speaker 4 (00:46):
I warn you big surprise third hour of the program.
I'm taking probably the greatest risk in the history of
the Watchdog on Wall Street show, go away.
Speaker 1 (00:56):
Out of it.
Speaker 5 (00:56):
We've been only on twenty five years. I've never done this.
Speaker 4 (01:00):
I'm bringing on some of my people, some of my
people here to interview me. Yep, yep, completely different format
here today.
Speaker 5 (01:10):
I don't know.
Speaker 4 (01:11):
I don't know what came over me this past week,
but I said, you know what, I got these three
amigos here working for me over the summer.
Speaker 5 (01:18):
Here, our interns, and.
Speaker 4 (01:21):
They've been doing they've been doing a good job. They've
got a job that they're helping. Uh, you know, I
guess kind of show me the light when it comes
to bloody TikTok and other nonsense out there and getting
my social media exposure up there, because you guys know
how much I love social media.
Speaker 5 (01:35):
They've been doing a great job.
Speaker 4 (01:36):
I said, you know, I know what's going to be
there till last week before they have to, you know,
head off to school and other endeavors. I said, you know,
why don't I have them come on and actually, in
essence guest host the program by interviewing me. I'm gonna
introduce you to the three amigos here. We're going to
start here. On my left, we got Connor Terrio. He
just you just graduated graduate degree from University of Tampa.
(01:59):
He did his under at Brown. Right, you just finished.
Speaker 6 (02:02):
I have a week and a half until I finished.
Speaker 5 (02:04):
Week and a half until he's gonna get his graduating Here.
Speaker 4 (02:06):
I got Patrick macliff just graduated from Providence and he's
going on, you're gonna go do your master's in finance
at Babson. Correct, Gret, that's coming up. We got Matt
Vera he's gonna be a junior at the University of Tampa.
Speaker 7 (02:19):
Yeah, make me feel young out here.
Speaker 4 (02:23):
All right, guys, I appreciate you coming in here today.
We're gonna have a little bit of fun. Don't worry guys,
you know, just so you know, people aware out there.
We don't have human resources at Markowski Investments, so I
can bust as much stones as I want at any
point in time.
Speaker 5 (02:36):
It's a wonderful. It's a beautiful thing. We're old school.
So what's up. You guys are taking over the program.
I'm here, bring it. What are we talking about?
Speaker 6 (02:43):
Yeah, first off, thanks for having us.
Speaker 5 (02:45):
Please, no, no, no, no, You've got me your show.
You're taking the reins, all right.
Speaker 6 (02:49):
Yeah, we kind of just wanted to hear the backstory
behind the Watchdog and how that came.
Speaker 5 (02:53):
To be The Watchdog and Wall Street Show. Good question.
Speaker 4 (02:57):
Okay, back back in the nineteen nineties, prior to me
having this radio show, I had the newsletter. You guys
have actually were helping me, you know, revamp the newsletter.
We're going to be doing that a little bit more.
And I made a lot of really interesting calls back
in the nineteen nineties and obviously it was a two
decades younger at that point in time, and I had
(03:19):
a lot of people basically calling me crazy. So I
would be going on I'd get invited on radio shows,
television programs, and I was warning people. I said, these
dot coms are overvalued. Many of them are going to
collapse again. You know, at that point in time, you
guys weren't even alive at that point in time. Everyone
was saying, oh, no, earnings don't matter. It's a new paradigm.
(03:41):
Everything can keep going up and up and up and
goes into the roof. And I said, no, earnings do matter.
These companies have little to know earnings.
Speaker 5 (03:47):
And it was a.
Speaker 4 (03:47):
Different environment for investment banking at that point in time.
You didn't have the setup today where they would ladder
companies up via private equity over a period of time.
Companies just go public like that. And I'd get a
person on my desk and I look at this business
plan and I'd be like, this is going to fail.
Speaker 5 (04:04):
You could almost set a date by it.
Speaker 4 (04:06):
The amount of cash that they raised and what their
burn rate was, what they were spending when they were
going to go under. There was it was an actual
company This was in New York City and it got
a lot of fanfare. The company's idea was it was
going to deliver I kid you not Ben and Jerry's
ice cream and videotapes to people's homes. I mean that
was that was their business plan. It was called Kozimo
(04:28):
and you'd returned them out of Starbucks. It was one
of the dumbest ideas ever. The valuation went through the roof.
It was just stupid. And I'm warning against these things.
And then I also warned, this has kind of really
got me some notariety. I warned against Enron. You guys
familiar with the nam Nron a little bit, I know
it's predates you. It was a big, huge company for
I was five years straight. Fortune magazine named it the
(04:50):
uh most innovative company in the country. You know, all
these big players, energy trades, all this stuff. And I
didn't get it, and I said, this country, something's wrong here.
I don't understand. Wrote a column on it, and I
turned out to be right. And after doing all of
these appearances and whatnot, then I got an offer. They said, hey, Chris,
why don't you do your own show now. At that
(05:12):
point in time, Jim Kramer, which on CNBC. He had
his own program, and they wanted me to do a
show like that, like a buy selling whole program, and
I said, I won't do that. I said, you know,
I'm a financial advisor. You know it's not right. I
think shows like that are nonsensical. You're going on air
telling people with the buy you don't know that person,
you don't know that individual clients.
Speaker 5 (05:31):
It's insane. You can't throw out information like that.
Speaker 4 (05:34):
So I did the Watchdog on Wall Street show because
I said, you know what, I'm going to go after
scams and frauds and helping people out. At that point
in time, I showed the kids the movie Boiler Room,
but everybody's familiar with the Wolf on Wall Street. We
went after those people who got ripped off and helped
them rebuild their accounts. So we started this program at
Markowski Investments called the Account Repair Program, where we basically
(05:57):
help people rebuild.
Speaker 5 (05:58):
Their accounts over time.
Speaker 4 (05:59):
I don't because again, everything in life that is meeting
wagon worth involves work, time and effort, and that's how
I got started.
Speaker 5 (06:05):
So I started out with two.
Speaker 4 (06:06):
Stations in two thousand and it took off from there.
Speaker 5 (06:11):
Awesome. Thank you.
Speaker 6 (06:16):
Yeah, that's really cool.
Speaker 7 (06:16):
I think how you started that and how you know
you kept your morals and you didn't do what you
know they wanted you to do, but you did it
in a different way. I think is really cool. But
you know, starting in Markowski Investments with your brothers seems
like a really cool business model, you know, family oriented.
How do you think working with your brothers and making
it family oriented has separated you guys from you know
the rest of your competitors.
Speaker 4 (06:38):
Actually, the last the last fistfight I got into it
my brother Mike was it was actually a kid you
not was over a jockstrap during Babe Ruth baseball back
when we were kids. No, we do argue, okay, there's
no doubt about it, you know, but that's that's okay,
It's okay. The best thing about being in this business
(06:59):
with our job is we to put our clients interests
above our own.
Speaker 5 (07:03):
And I say it all the time. I said, too
many people on Wall Street have had.
Speaker 4 (07:06):
An ethical bypass at birth and they have no problem.
They can just people end up finding ways they have
a People say that was it.
Speaker 5 (07:16):
Money is the root of all evil.
Speaker 4 (07:18):
Money is not the root of all evil, love of money,
worshiping money and doing anything to obtain it, and justifying
it in your mind. And that happens all the time
on Wall Street. Almost of the way that they set
up the entire training programs for kids is that they
crush you to such a degree. You know, your work
in you know, one and ten hundred and twenty hours
a week, and after you go through that, they almost
(07:40):
wear you down. You're like, you know, and they present
you with something that might be immoral, and you say, well,
I've worked this hard. I don't want to quit or
anything like that. Again, I don't have to deal with
that with my brothers. Okay, I know who I'm doing
business with. And again we only started out there's the
three of us, but now we've brought on people that
(08:00):
are like minded, and now we have twenty five offices
around the country and we're could continuing to add, but
we're very, very tough on who we bring in and
they've got to follow our rules.
Speaker 3 (08:10):
Yeah, I mean, the foundation, like you said, of your
business does kind of bounce off of those morals and
being ethical and like you're very family oriented.
Speaker 6 (08:19):
But where do those morals come from?
Speaker 3 (08:20):
Like, who could you credit that to, Like, how do
you have three brothers that like come together just share
a same mindset? Like?
Speaker 5 (08:26):
What instilled that into you guys?
Speaker 3 (08:27):
What do you think made you guys want to make
a difference and kind of branch out from something that was.
Speaker 4 (08:32):
More Well, Patrick, you've got a sister. You and your
sister that far off, you got the same mom and dad, right, Yes,
we do. Okay, it's just a similar type of thing.
It's it's your upbringing and how you know what you're
taught and how you're brought up and you know, having
that instilled in your kids at a very young age.
Speaker 5 (08:50):
You know, that's just set I've got.
Speaker 4 (08:52):
I've got three kids, and you know, it's the most
important job that I have I'm going to ever have
in life is making sure that my kids are going
to do the right thing. I don't care what they do,
I don't It doesn't make any difference, but that they're
gonna be good people and they're going to buy buy
a certain you know, ethics and morals and have that
type of integrity. Uh, it's the integrity over reputation, any
(09:14):
any any, not any everything that has to be first
and foremost in everything you do and even if it
says you know again, you're you're gonna be tempted. You
guys are gonna be tempted throughout life to take shortcuts
and don't.
Speaker 5 (09:26):
That's what I just said.
Speaker 4 (09:27):
Everything in life that has meaning, value and worth involves
work time. And if you start taking shortcuts in life
again and you start justifying things in your mind, it's
a slippery slope. Slippery slope you start heading in that direction.
Speaker 6 (09:41):
No good, Yeah, that makes a ton of sense.
Speaker 8 (09:47):
I was kind of wondering, just for the general audience,
how would you as a financial advisor looking to people
start making money, How would you advise someone or what
would you tell someone to look to when trying to
find specific financial advisor to work with.
Speaker 5 (10:02):
Oh, someone was looking for one. Okay, it's the same.
Speaker 4 (10:07):
Way, and you guys are going to experience this later
on down the road. It's an important thing. There's certain
jobs that out there that are I believe our professions.
Your doctor supposed to be a profession, even though we're
heading in the wrong direction with that because the money
the doctors are actually owned by corporations now, and how
we're doing things with hospitals, and I don't like it.
(10:28):
Nobody is happy with the direction of healthcare in this country. Accountants, lawyers,
and most certainly your financial advisor.
Speaker 5 (10:35):
You have to take a look and you have to.
Speaker 4 (10:36):
Understand who you're doing business with and what motivates them
and what their true motivation is and everything in life.
Speaker 5 (10:44):
And you've got to do your homework. There's lots of
ways you can do that.
Speaker 4 (10:48):
I try, my darness, Like I said, I have been
doing it now for thirty years, to put ourselves out
there and explain who we.
Speaker 5 (10:54):
Are and what we believe in.
Speaker 4 (10:55):
And again every day, every day, I'm giving my opinion,
you know, through our podcast, through this show, television appearances,
so you know who you are dealing with or we're
not hiding from anyone. This is who we are. It's
as plain as day. And we don't we don't deviate.
This is our way of doing things. We're not going
to change. We we reject clients. And if there's been
(11:20):
situations out there where no, we need you to do
this for us, and we need you to make sure
that you know the electricity is on on our second home,
third home, and gas and by said no, no, no, no, no, no, no,
that's not us Okay, that's not what we do. We're
gonna manage your money. We're gonna do it the right way.
We're gonna have the best accountants, we're gonna have the
best lawyers. We're gonna provide all of these services to you.
Make sure that you're working with somebody that's able to
(11:43):
do that. Okay.
Speaker 5 (11:45):
Also, you know, I don't know everything. Okay.
Speaker 4 (11:47):
Another big key is too you may ask a question.
It's the good sign if somebody tells you that they
don't know what they're gonna find out.
Speaker 5 (11:54):
People who start trying to make themselves out.
Speaker 4 (11:57):
To be smarter than they actually are by coming up
with answer the things that are gonna end up being wrong,
don't do that, you know, look out for that as well.
Speaker 5 (12:05):
But again, it's.
Speaker 4 (12:07):
Especially in what we do with ma feel handling your
money again, that's what we call it. We're like they're
Famili's personal CFO, chief financial officer for the for your
family for life. Make sure that you know you have
the same same values as they do.
Speaker 5 (12:23):
Want to put it that way, who's up?
Speaker 7 (12:27):
Sure, I'll go yeah. I love that response. You know,
making sure you have the same values as your clients.
I think that's really important, especially if you're going to
be that personal CFO. You know you're gonna be working
with them and the rest of their family and you
want to you know, set them up for their generations
to come. But uh uh, like interacting with your clients.
I know you do a lot of the outreach and
(12:47):
the social media part of it, but when sitting down
and meeting with your clients, like, how do you set
that up? How do you make sure that when you come,
they feel, you know, welcomed and you're prepared and you
can you know, because that face to face conversation, actually
sitting down with the clients very important. So how do
you make you like you and your brothers? How do
you guys make yourself feel that way?
Speaker 4 (13:07):
Well, again, based on how we put ourselves out there
and everything, it's not easy for us to Again, we've
got so many clients. Most of the most of the
interactions that we have in our clients are over the phone,
via zoom the other ways. I've got clients in North Polo, Alaska.
I've got got clients, you know, all over the world Europe.
(13:28):
I can't go there all the time, and this is
one of the things I try to explain, and unfortunately
people get wrapped up and the bs with their financial advisors.
What chotch keys they can give them, or how many
times they're taking them out to golf, are going out
to dinner. We do that, We do that when we can.
But the reality is, again there's not enough. There's not
enough days in the year for me to be able
(13:50):
to do that. And also the reality is is that
I don't have time. You know, I'm better served doing
my job. You know, you don't go more.
Speaker 5 (13:59):
You're not going. That was the last time you went
golfing with your doctor? Okay?
Speaker 4 (14:04):
You know, unless he's an actual friend of yours, he's busy, Okay,
he's doing things. He's got other patients, Okay, and that's
what they should be doing.
Speaker 5 (14:11):
I know, I don't.
Speaker 4 (14:11):
You know, my golf game sucks. People ask me a
whole time. Oh you guys, you must be great at golf,
your financial advisor.
Speaker 5 (14:16):
Now I'm not. I suck. I don't play. I don't
have time.
Speaker 4 (14:20):
You know, the amount of time I have to spend
at work and doing our job and.
Speaker 5 (14:25):
Feelfilling needs some clients. I don't have time for that stuff.
Speaker 7 (14:27):
You know.
Speaker 5 (14:28):
Not to mention facts my clients know that.
Speaker 4 (14:30):
You know that free time that I am I'm going
to have more than that is going to be spent
with my kids and my wife.
Speaker 3 (14:35):
Yeah, great response there.
Speaker 4 (14:39):
So you don't have to you don't have to kiss
my ass for the response there.
Speaker 6 (14:42):
Patricks, I don't care about you know that.
Speaker 3 (14:49):
Come on, come on, no, I mean I want to
ask a question that's a little bit more like personal
to like your experience, and I mean, we know you're
a very successful guy.
Speaker 5 (14:58):
I've been doing this for twenty five hours.
Speaker 4 (15:00):
I'm gonna tell what I'm gonna Yeah, we gotta do something.
I gotta pay some bills. Okay, hold that thought, Hold
that thought. I would forgot to even look at the clock.
We're gonna take a quick break right here. You listen
to the Watchdog on Wall Street show not hosted by me,
right now, hosted by the Three Amigos. Three Amigo Don't
go anywhere, but you've got to go somewhere and get
to our website, Watchdog on Wallstreet dot com. Sign up
for our personal CFO program, podcast, newsletter, all sorts of
(15:22):
great stuff Watchdog on Wall Street dot com, or give
us a call eight hundred four seven one fifty.
Speaker 1 (15:27):
Nine eighty four. You should believe in math, not magic.
Speaker 2 (15:49):
You're listening to The Watchdog in Wall Street with Chris Markowski.
Speaker 5 (15:54):
Welcome back, what a mack.
Speaker 4 (15:56):
It is the Watchdog on Wall Street Show, very special
hour here in the program doing something that we have
never done in twenty five years. I am handing over
the reins, handing over the rains to the three amigos
my interns today. But they sound a lot like Eddie
Haskell from Leave It to Beaver? Don't they a j
just a little bit genius?
Speaker 5 (16:16):
Is Cleaver? You look really nice today?
Speaker 4 (16:18):
But if you haven't even commented on my shirt yet today,
what's the matter with you?
Speaker 5 (16:21):
Man? For crying out loud? I think it looks great
on you. Thank you, thank you? All right? All right,
so okay, what's up? What's the next question? Back to it?
Speaker 3 (16:30):
So I'm curious about, you know, just want to get
a little bit more personal and sort of touching on
your book, like your your work, Time and Effort book.
You talk a lot about you know, entrepreneurs, business owners,
and you know the hardships they face, failure and how
they're able to you know, navigate that and triumph those
and and be successful in business. I kind of want
to hear about maybe some of those you know, trials
(16:51):
and tribulations, some of those hardships that you face maybe
a time you fail at a time or you know,
there are struggles that you face and how you overcame
those and how that helped like shape you and.
Speaker 5 (16:59):
Your Oh, I'll give you a share with you a
great story. This one's fun.
Speaker 4 (17:05):
This is when I was first first starting on Wall
Street and again I naive.
Speaker 5 (17:11):
You know, I'm from upstate New York, Syracuse University.
Speaker 4 (17:14):
Went down there working at one of the up and
coming top firms at the time, and it's got all
ivy league guys that are running this place. But I
started noticing that something was something was missed, something was wrong,
and you know, it was basically how they were treating
clients and how I didn't agree with, you know, what
(17:35):
they wanted.
Speaker 5 (17:36):
Us to do. It's a true story that we did.
Speaker 4 (17:38):
This is back in the day there would be a
Our office was Midtown Manhattan, the entire floor, it's almost
like an entire block of a building in New York City.
Speaker 5 (17:48):
And back then it was again it was different.
Speaker 4 (17:50):
This is back in the days where we actually wrote
out paper tickets and whatnot nineteen nineties. And you know,
they get a call, they'd be on a microphone and
like Markowski brothers, it was just my brother, My and
I at that time report to report to Jeff's office.
Speaker 5 (18:03):
And Jeff was our sales manager and at.
Speaker 4 (18:05):
The time we were leading the firm as far as
bringing in new business, new accounts.
Speaker 5 (18:11):
Great job with our clients. Calls us in and he basically,
you know, to bring your book with you. Okay, that's
another thing.
Speaker 4 (18:18):
We actually had physical, actual books with holding pages of
your clients and they wrote all the positions down and
he starts thumbing through our books. And this is a big,
hulking guy. He's like about six three six y four
two twenty two thirty. But he always always grossed me out.
He always had that corner spit on the corner of
his mouth and he started yelling and he'd be like, whoa,
(18:39):
I gotta dodge it. Oh, it's going to be coming
at me in a second, because you knew he was
going to come flying out of his mouth. But anyway,
this guy was a real jerk, and he basically said,
I'll tell you guys how you can make all this money.
He starts going through our book. He's like, sell this,
move this here, do this. Basically churn and burn. Make
a long story short, basically churn and burn our clients.
Speaker 5 (18:57):
And I'm like, we're not going to do that.
Speaker 4 (19:00):
And again, we were not even into business for that long,
and he was our boss, and you know, it went
on a screaming tirade at us, screaming tirade at us, saying, hey,
you know what, you know, you guys are gonna never
gonna make it in this business. You guys are a
bunch of lose all this stuff. And then at that
point I was like, all right, we've got to leave.
We've got to get out of here. I can't do that.
(19:21):
And a lot of these firms operate where it's almost
a hotel California. You can check in any time you want,
you can never leave. So we started telling our clients
we're going to leave these you know they're gonna got
bad people here. What happened was we left pofully Legal
firms suit us for leaving. Basically every took me for
(19:42):
every dime that I had. Okay, but again they eventually
get ended up getting in trouble. I ended up having
to testify some of the stuff that they did against them.
But I had to rebuild everything from square one, and
you had to take you know, sometimes in life you
got to take it out of fifty sixty steps back
to maybe take all the steps forward. But it's difficult
at the time because you think about all the work
(20:02):
that you put in and everything that you built into.
Speaker 5 (20:04):
But that's part of thing. I wasn't going to adjust,
you know, my belief system and.
Speaker 4 (20:10):
My morals to fit these jerks that wanted to ruin
people that put their faith in me, which is not
gonna happen. Finny Stretch good question, Good question, Eddie. I
mean Patrick got to take a quick break.
Speaker 5 (20:23):
Watchdog on Wallstreet dot Com. Watch Dog on Wallstreet dot
Com is our site. Don't go anywhere. We got the
three of Meg's. They're gonna be back with us. Don't
go anywhere.
Speaker 6 (20:34):
This shade.
Speaker 2 (20:37):
Chris Markowski is the Watchdog on Wall Street bringing America
(21:00):
financial freedom. One listener at a time. You're listening to
The Watchdog on Wall Street with Chris Morkowski.
Speaker 5 (21:12):
Where welcome back.
Speaker 4 (21:16):
It is the Watchdog on Wall Stretcher, Welcome Back, Special
Special Hour of the watch Dog on Wall Street program.
I've got got the summer interns interviewing me.
Speaker 5 (21:28):
Who's up?
Speaker 4 (21:29):
I'm all that some Okay, Here a short story about
Matt here real quick, I've known Matt.
Speaker 5 (21:34):
No, Matt for a long time since when when did
you move here? Ten years old?
Speaker 4 (21:37):
So he mat he was ten, ten years old and
coached him lacrosse. That's how we met, way way back when. Quick,
little bugger, you.
Speaker 7 (21:49):
Are about the fundamentally, how many points did you.
Speaker 5 (21:52):
End up having your your at Saint Stephen's Day when
you were done?
Speaker 6 (21:56):
I finished with.
Speaker 7 (21:56):
Three hundred and twenty something points? Yeah, school record. Hopefully
nobody takes that time.
Speaker 5 (22:02):
So is that the state record?
Speaker 7 (22:04):
No, not the state but the state record. I don't know,
but it's over four hundred points, so really now, yeah there, Yeah,
it's impressive, crazy, I know, but all right, yes, But
speaking about the past, you've done the show for twenty
five plus years, which is which is awesome. Congratulations on that.
But where do you see this this show your Watchdog
(22:25):
page Smarkowski investments in the future ten years down the line,
where do you think? I know that's a hard question
to answer, but where do you see the future of
this going.
Speaker 4 (22:32):
Yeah, there's gonna be some Ai Markowski taking up at
some point after the idea how I'm gonna end up
being replaced. It's it's changed a lot, and it's again
it's been it's hard, I tell you. When it was
just radio, it was a hell of a lot easier
for me and this whole everybody listen to talk radio
was was king and it obviously it's changed and the
(22:56):
atention span of people have changed. Now we're still on
over two hundre something radio stations around the country and
that's great, but you know, now I've got to figure
out algorithms, and I got to figure out you know,
hashtags and all this stuff and pumping stuff out on
YouTube and the podcasts I do really well, the ones
(23:16):
the Apple and Spotify and those are the people will
actually sit there and pay attention. But it's interesting. It's again,
it's what you're going to have to kind of you
have to move. You know, it's just said you can't.
You can't battle the train. The train is what it is.
Speaker 5 (23:30):
I have to adjust to it.
Speaker 4 (23:31):
You know, my videos that I put out every day,
the little short ones, they're the ones that get the
most attention. So anything that's even longer form, I don't know,
whatever it may be. You know, people will listen to
a part of it. But again that's those are the
ones that you're getting the hits. I have to kind
of adapt to the times. But I'm going to kind
of keep working and trying to figure out what works
and continue to try to get our message out as
(23:52):
best we possibly can.
Speaker 7 (23:54):
Yeah, and as times change and technology changes, you obviously
have to adapt with that. You know. That's tough part
about being in a business like this, you you always
changing and adapting. But I think that's something that you
can credit towards, you know, you know, working hard your
whole life and uh, you know, just being a part
of a really cool company that you get to do
something like this.
Speaker 4 (24:13):
The only thing that really bought about the new technology
stuff which which changed, which was a difference in radio
where I got hit. We really was a setback for
us with the Watchdog on Wall Street Show, with our
stuff on podcasts and Facebook and all that jazz was
COVID was because I questioned what was going on. Yeah,
I you know, and I was living on Long Island
at the time, and I'm watching this Derek Conian nonsense
(24:35):
going on.
Speaker 5 (24:35):
And I'm saying, wait a sect, what you mean to tell.
Speaker 4 (24:38):
Me you're going to shut down all the stores except
Walmart and Target, and you're going to send everybody to
those stores.
Speaker 5 (24:45):
How does this make any sense?
Speaker 4 (24:47):
Whatso? I mean the nonsense that they were coming up with.
And I, you know, I started doing a tunnel like
I do, I delve into a topic. I do so
much homework and reading and you know, and what's going
on speaking with people, and I said, this is nonsense.
I said this, none of this is going to work.
This is the dumbest thing that we've ever done. This
is against the law. They're shutting down the country. And
I'm talking about this on the air, and you want
(25:09):
to get deplatformed, but quick, that's how you do.
Speaker 5 (25:11):
It happened.
Speaker 4 (25:12):
I mean, there was no doubt about it that all
of these you know, big media companies, Google, whatnot, they
they censored people who were going against whatever the government
was saying at that point in time.
Speaker 5 (25:22):
That that hurt, that was That's frightening if you actually
think about it.
Speaker 4 (25:26):
I've always said on air, you know, on the radio,
I've always said whatever I wanted to, and you know,
from time to time, what a radio station maybe get
upset because I might have been ripping on one of
their posts or whatever it may be. Yeah, but I
wouldn't be deplatformed or anything like that. And it's again
the power of this stuff. It's kind of creepy if
(25:46):
you think about it.
Speaker 7 (25:47):
Yeah, like big media companies, like the news stations, they
can kind of control the narrative that they want to
push out. And if you kind of sell yourself into that,
people like to hear what they you know, what they
want to hear, so they're going to listen to that.
Do you think you know, being somewhere in the middle
and challenging a lot of both sides of politics and
stuff has helped you. Do you think it's hurt you?
Speaker 3 (26:05):
I know you've just hurt.
Speaker 4 (26:07):
Without without a doubt. It would be so much better
if I just came on this program and I just
picked a side, okay, and as it's oh yeah there was,
if you just picked the party and just targeted these
types of people. I'm not going to do that, I said,
you know your job again, I'm lucky enough, okay that
I can get in front and I can communicate with
(26:28):
this amount of people. I take it as a as
a big responsibility, a big responsibility to get it right
and to be truthful with people as best I possibly can.
If I get something that's the slightest bit wrong or inaccurate,
whatever it may be, I'm going to make sure it's corrected,
but quick. Yeah, you know, it's always been the case.
(26:48):
It's always been the case with media in regards to
if you send enough money there that you can kind
of buy them off.
Speaker 5 (26:56):
Actually, it's just a true story.
Speaker 4 (26:57):
I got a hold of an advertising contract from Morgan
Stanley this there was like two thousand, maybe twousand and six,
two thousand and seven, and I'm making fun of the
advertisements that they were running on air. And they actually
said in their advertising contract from the major media networkers
that if you're planning any negative coverage of our company,
pull all our ads. So you know, your Fox or NBC,
(27:21):
whatever it may be, you want that ad revenue, So
are you going to run that nasty story? An example
is this There was actually there was a great television
showing you guys ever saw it. It's called mad Men.
It was about the advertising agencies in the nineteen sixties.
There was a line in that movie the guy was
bragging saying, we spend so much money at the New
York Times and advertising. I could get them to print,
mind comprom the front pages and they would do it.
Speaker 5 (27:43):
And a lot of times.
Speaker 4 (27:44):
That's how things work in this world, is that a
lot of news can be bought and sold. But in
the case around COVID, that was that was the government.
That was government putting pressure on these media companies. You
better get in line, you better do this. And without
a doubt, there was a lot of money at stake.
There was a lot of money at steak with the
vaccines and running that out, and the amount of money
(28:04):
that was made. It was again I get PTSD thinking
back at that point in time, because that's how frustrated
I was.
Speaker 5 (28:11):
Gotta take quick break.
Speaker 4 (28:11):
You're listening to the Watchdog on Wall Street show, Watchdog
on Wall Street dot com.
Speaker 5 (28:16):
Don't know anywhere? Well, be that.
Speaker 2 (28:34):
Teaking Wall streets, liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.
Speaker 5 (28:44):
You guys are familiar.
Speaker 4 (28:44):
It's called rock music where they actually play instruments and
they don't use auto tune and stuff like that. You guys,
what everybody it is the Watchdog on Wall Street show.
I always honored to have you tuned into the program.
Who's up, Connor, That's me?
Speaker 5 (29:01):
Yeah.
Speaker 8 (29:01):
I also wanted to kind of set a story straight. Obviously,
Matt had a great high school across career, putting up
three hundred plus points, but Pat and I watch an
iconic four goal performance in his mensley yesterday.
Speaker 6 (29:12):
So I thought the viewers should see that.
Speaker 8 (29:16):
I kind of wanted to piggyback off of Matt's question
and going off of the twenty five year anniversary of
Watchogg going to Wall Street, what has been the proudest
moment coming from you?
Speaker 5 (29:27):
Wow?
Speaker 4 (29:30):
You know, I think it's probably just the longevity and
the fact that I'm still here. Over the years, I've
had the opportunity to do a lot of really neat
stuff with the show. I broadcast at Republican Convention, Democratic
Convention inaugurations, been able to do a lot of things.
(29:53):
But we've helped so many people over the years. It's
just we've done countless shows. Just talking about last week
here on the program, you know, up in our attic,
I've got books and books, CD books because before it
was all digital CDs of this program. We've warned so
many people about ripoffs and scams. I actually got a
hold of a Bernie made off account statement. This is
(30:17):
you know, before everything collapsed, and we warned people about
him helping people to avoid getting ripped off and scammed
and losing money and bringing people on. And one of
the greatest things about the show and Markowski Investments and
what differentiates as well, is that we're not just managing
people that have ten million dollars coming in. Yeah, you
(30:38):
gotta have ten million dollars to work with Markowski Investments.
We've watched people build wealth over time. That's that's one
of the most rewarding things ever, is having a client
for thirty years and knowing when they started and you know,
you could, I can take a look at it.
Speaker 5 (30:52):
This is where you started thirty look at where you're at.
Speaker 4 (30:55):
Now, you know, and it's just like pow if you
actually think about it, and to see the type of
growth scene over these.
Speaker 5 (31:00):
And that's that's fun. You know, it's funny.
Speaker 1 (31:03):
I have no produet.
Speaker 4 (31:05):
Great, I'll manage people's you know, massive accounts, which we're
gonna do, okay, and that's rewarding, But honestly, building people's
wealth and being able to do that to the show
and reaching people that by far and away takes the cake.
I'd have to say, good question, good question. Con gotta
take a break.
Speaker 5 (31:21):
Watch Dog on Wallstreet dot Com one segment up with
the three of me go's.
Speaker 4 (31:25):
Okay, we got one, we got seven minutes. You guys
got to pick them. Pick a good one. Don't go anywhere,
We'll be back.
Speaker 2 (31:38):
You're listening to the watch Dog on Wall Street. This
(31:59):
is the Watchdog on Wall Street.
Speaker 4 (32:03):
Yes, it is Welcome back everybody. Yep, Special Hour of
the Programs fun. Never done this before on the program.
I just gonna let you guys know, Okay, I you know,
I gotta you guys got a.
Speaker 5 (32:15):
Lot to live up to. The the interns that I've had.
Speaker 4 (32:20):
That's going back to what I've going back for two
thousand and two we first started taking interns.
Speaker 5 (32:26):
I've got orthopedic surgeon.
Speaker 4 (32:28):
I got all these things that all these kids in
Brooking at Big Ball, We've get kids have worked done
very very well.
Speaker 5 (32:35):
Just so you know, so I expect you guys to
do the same. Right, all right, it's gonna happen. Okay, good,
So who's up?
Speaker 6 (32:43):
I have a good question for you, I mean me personally.
Speaker 3 (32:45):
I know if I'm gonna give a piece of advice
it would be for Matt Vera over here to get
a new barber. But I'm curious to hear about if
you can give any piece of advice to the future generation,
something that can you know they can look out for,
change the way they think, anything like that. Just what
would that be?
Speaker 1 (33:03):
Wow?
Speaker 5 (33:04):
Act, it's a good question.
Speaker 4 (33:05):
Actually did a little bit on the podcast yesterday on this,
and again I'm blatantly honest. I think quite frankly, you know,
I think it's tough for you guys right now. The
average rent in the country back in two thousands around
six hundred and fifty bucks. Average rent right now is
about seventeen hundred bucks. Medium price home in this country
(33:28):
is over four hundred and fifty five thousand dollars.
Speaker 5 (33:33):
Things have gotten out of control.
Speaker 4 (33:35):
You guys have all worked hard, You've all busted your
button everything you do. You're all top level athletes, top
students and all this stuff, and you're now facing a
world where you know what field am I going to
go into? Yeah, I speak with some people today they're
expecting over the next couple of years in the world
of finance, three hundred thousand layoffs over the next couple
of years, three hundred thousand.
Speaker 5 (33:56):
And it's daunting.
Speaker 4 (33:57):
And I'm not doing this to scare you, because every
generation is going to have to fight their own battle.
Speaker 5 (34:05):
You know, you can talk about the greatest generation.
Speaker 4 (34:07):
Kids were, you know, sixteen seventeen, eighteen years old and
they were being shipped off the storm of Beach in Normandy.
And in some respects, you know that almost somewhat if
you think about it easier as far as your mindset,
at least you had you know, you knew what you
were going to do and what you had to do
moving forward. It's a confusing time for you guys. But
(34:27):
what you need to get on is you need to
get on that time of a wartime footing. And what
I mean by that is you really have to be motivated.
You have to do everything you can to differentiate yourself
from somebody else. You can't be a follower all everybody's
doing it this way. I always try to tell people,
conventional wisdom is poison. You got to get yourself a
(34:51):
good group. You don't need a massive group of people
that are like minded that you can lean on again,
not letting, not letting your more slip.
Speaker 5 (35:00):
Integrity is everything. Put the damn phone down and pick
up a book. That's another big one with me. You know,
I see it.
Speaker 4 (35:08):
You know, you walk into a coffee shop or something
like that, and I see everybody's heads down in the phone.
Rather have your head in a book than being, you know,
wasting your time on these things and doing everything and
anything that you can do the same way I think.
You know, you guys are working me, helping me market
and utilize social media.
Speaker 5 (35:26):
You know what do we try to do.
Speaker 4 (35:27):
We try to show that Markowski Investments is different than
everybody else. We're better than every everybody else. And why
And when you get that job, you get that career, okay,
whatever it may be. All you need is you're gonna
stay there forever, okay if you want to. As long
as that you can prove your worth and you can
show your boss and you're putting money into their pockets
every single day.
Speaker 5 (35:48):
And that's just the way that the thing is. You
have to do that.
Speaker 4 (35:52):
I hope I love people that go out there and
start their own thing in the world. Hopefully you take
whatever talent you have. Okay, if you're given abilities. Say,
I'm a big believer in that God has given each
and every one of you a talent. It's you know,
you have to you have to figure out what that is, okay,
and what you're going to use it for, and ultimately
what you're going to use it for is the greater
(36:13):
good for everyone here. And if you follow that path
and that mentality, don't care how difficult it is out there,
You're going to be okay.
Speaker 5 (36:21):
All right, yeah, okay.
Speaker 3 (36:24):
So to expand on on sort of those three hundred
thousand layoffs that you're projecting.
Speaker 4 (36:29):
Say, I scared the crap out of you, guys, definitely
touch Would you attribute I'm hiring guys, so I just
you know, I'm interested.
Speaker 3 (36:38):
Would you attribute those layoffs to like is that artificial intelligence?
Speaker 7 (36:42):
Like?
Speaker 5 (36:42):
Is that part of it? A big part of that
big part. But again this this is again it's not new.
Speaker 4 (36:48):
When I was in the industry, again, you had sales
assistance that had to mark do all of your books
and mark everything. And you had massive back offices. Like
I said, you had paper ticket there was a lot more.
There was massive trading floors downtown New York. Wall Street
was tons of firms and all sorts of that that
went away. I mean that went away, you know, come
(37:10):
two thousand two, two thousand and three. It's never come back.
Most of these the office buildings in downtown Manhattan, that
whole area down there I've turned into they're turning into apartments,
you know, because certain areas will downsize, things will change
to some degree, and it's it's going to change again.
But you're also after they figure out what to do next,
jobs will be created.
Speaker 5 (37:30):
You know that that's always the case.
Speaker 4 (37:31):
Let's see again, it's, you know, economist Joseph Schumper creative destruction.
Speaker 5 (37:36):
Something is going to be destroyed, but something else is
going to be created.
Speaker 7 (37:40):
All right, So I know we're probably the best guests
you've ever had on the show. But moving forward, if
you can just rapid fire, pick three people that you
would love to have on the show that just to
have conversations with.
Speaker 1 (37:50):
Who would be.
Speaker 4 (37:52):
Easy first and foremost Nassam Nicholas Talub. I've talked about
him all the time, and I highly recommend everybody read
his books Black Swan, Anti Fragile, Fooled by Randomness, Skin
in the Game. He's one of the best in my opinion,
risk management guys and philosophers out there is an absolute genius.
(38:12):
Would love to speak to him. I would love to
have love to have the new Pope on the program.
I think it's really kind of, you know, neat to
have first American pope. I now again get the Big
East over here with Patrick of Providence. Even though he's
a villanova guy. UH love to have him on the program.
It would be great to have that on him. Ye
go Friars, There's no doubt about that.
Speaker 5 (38:33):
But I definitely definitely is those two a third? Hmmm,
that's a tough one. It really is.
Speaker 4 (38:41):
I'm trying to think again, because there's not many people
as far as politics that impressed me.
Speaker 5 (38:46):
You stumped me for crying out. I never get stuck.
Speaker 1 (38:50):
We can come back.
Speaker 5 (38:53):
Guys, thank you so much. Thank you so much for
coming in and doing this today. I think there's a
lot of fun. I agreeciate it. Now get your ass
out of here, get back to work, Yes, sir, thank you,
all right, thank you. Watchdog on Wall Street dot Com.
God bless everyone. We'll see the same time, same place
next week.
Speaker 1 (39:16):
Chris Markowski is the watch dog on Wall Streets
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