#302 Whitney Tilson: The Hedge Fund Manager Who Ran Against Mamdani on the "Trojan Horse" Mayor, Why NYC Will Thrive Anyway, Riding This Bull Market & His Top Stock Picks and "Stinky Six" to Avoid

Value investor and former New York City mayoral candidate Whitney Tilson returns to The Julia La Roche Show following the election of Zohran Mamdani, a Democratic socialist, as NYC's new mayor. Tilson reflects on the election results, expressing concern about the candidate he called a "Trojan horse for the DSA" with dangerous ideas about defunding police and seizing private property—yet remains bullish on New York City's future. He also shares his market outlook, favorite long ideas including Berkshire Hathaway and Amazon, and the "stinky six" stocks he's avoiding right now. This episode is brought to you by VanEck.  Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: https://stansberryresearch.com/ https://stansberryresearch.com/whitney-tilsons-daily Timestamps: 0:00 - Introduction and welcome Whitney Tilson, day after NYC mayoral election 1:04 - Mixed feelings about election night 2:00 - Warnings about Zohran Mamdani and democratic socialist concerns 2:45 - Still bullish on New York despite election outcome 3:10 - What Mamdani's election says about the city 3:22 - Democratic Party dynamics and Trump reaction 4:37 - Why Mamdani won: identifying affordability as key issue 4:54 - Mamdani's effective messaging: free buses, freeze the rent, universal childcare 5:45 - Economics don't work: the promises can't be funded 6:30 - Mamdani as a gifted politician and brilliant public speaker 7:10 - The "Trojan horse for the DSA" warning 7:43 - Whitney's concerns about Mamdani: hostility to Israel, defund police rhetoric 8:30 - Mamdani tacking to center: keeping Police Commissioner Jessica Tisch 9:27 - NYC's vibe is back post-pandemic 9:38 - Big employers making long-term commitments to NYC 10:25 - Risk of turning into San Francisco 10:52 - Wait and see mode: wealthy residents considering leaving 14:30 - Why Mamdani is still dangerous 16:06 - Running for mayor: what surprised Whitney 20:00 - Hope that Mamdani learns from cautionary tales 36:56 - Investment ideas: favorite longs 44:00 - Stocks to avoid: the "stinky six" 47:04 - Berkshire's massive cash pile: $382 billion 51:47 - What's keeping Whitney up at night 56:30 - What makes Whitney optimistic: America's economic recovery 59:38 - Closing remarks