Investing Beliefs We Changed Our Minds On

18 Jan 2026 · 10 min · 3 chapters

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Earn Your Leisure Podcast: Episode Summary

Episode Title

Investing Beliefs We Changed Our Minds On

Hosts

  • Rashad Bilal
  • Troy Millings
  • Ian Dunlap

Episode Overview In this episode, the hosts engage in a candid discussion about how their investing beliefs have evolved over time. They share personal anecdotes and insights that reveal how shifting market conditions can alter perspectives on investment strategies.

Key Discussion Points

  1. Change in Perspective on Sub-$25 Stocks
  2. Troy Millings shares his revised outlook on stocks priced under $25.
  3. Previously cautious about these stocks, he now recognizes their potential for significant short-term gains.
  4. Asserts that under certain political and economic climates, these stocks can yield returns of 400-500%.
  5. Emphasizes a strategy of swing trading rather than long-term holding for these investments.
  1. Reevaluation of Disney’s Position in Streaming
  2. Ian Dunlap discusses his past belief that Disney could challenge Netflix in the streaming arena.
  3. Cites disappointing performance in Disney's streaming services and the failure of ESPN’s strategy.
  4. Compares Disney's performance against the S&P 500 over the past 30 years and emphasizes that Disney has not outperformed.
  5. Questions the wisdom of Disney entering the streaming wars, suggesting they should have focused on their licensing business instead.
  1. Investing in Necessity vs. Personal Preference
  2. Rashad Bilal challenges the conventional wisdom of investing in brands one knows and loves.
  3. Advocates instead for a focus on companies that the world needs.
  4. Highlights that companies like Apple and those in healthcare offer indispensable services that could significantly impact society.
  5. Provides examples of companies essential to various economic systems, contrasting them with consumer goods brands that may not be as critical.

Key Takeaways

  • Reconsidering Undervalued Stocks: Investors should remain open to the potential of lower-priced stocks in dynamic market environments.
  • Reality Check on Streaming Giants: The competition in streaming is tougher than expected, and assumptions should be re-evaluated based on performance data.
  • Shifting the Investment Mindset: Emphasizing the importance of necessity in investment choices can lead to more resilient portfolios.
  • Humor and Honesty: The hosts maintain a light-hearted yet insightful tone throughout the discussion, making complex financial concepts more accessible.

Conclusion The episode illustrates the importance of flexibility in investment strategies and encourages listeners to reflect on their own beliefs about investing. The hosts’ willingness to adapt and reassess their views serves as a reminder of the ever-changing landscape in finance and investing.

If you appreciate these discussions about money, mindsets, and markets, consider subscribing to the podcast and engaging in the conversation about your own evolving investment beliefs!

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

Tap a time to open that second in VO

Changing Beliefs on Stock Prices

2:24 to 3:41

Discussion about reevaluating investments in stocks below $25.

“I will look at them as a swing trade, not a five to 10 year hold, but the notion of sub$25 stocks being of no value is something that I've changed my mind on for when Trump is in office.”

Disney's Streaming Strategy Reevaluation

3:41 to 5:26

Reflection on Disney's performance in streaming versus traditional licensing.

“I'm going to be very specific with this one.”

Investing in Necessary Companies

5:26 to 9:00

Advice on investing in companies that fulfill essential societal needs.

“More Americans listen to podcasts than ad-supported streaming music from Spotify and Pandora.”
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Transcript

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0:00This is an iHeart Podcast. Guaranteed Human. Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ad-supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. Learn how podcasting can help your business. Call 844-844-iHeart. Talking to your kids about the dangers of vaping can be hard. Getting them to listen to hot gossip is easy. So here's some drama you could share with your kid. Dude, did you hear about Cassie and Jake? No, but did you hear that vaping can cause irreversible lung damage and nicotine affects brain development?

0:37Nuh-uh. You don't need to gossip if you want to have an open conversation about vaping. So if you want to get tips on when and how to talk to your kids, visit talkaboutvaping.org. Brought to you by the American Lung Association and the Ad Council. This show contains information subject to, but not limited to personal takes, rumors, not so accurate stats, and plenty more. What's up, man? This your boy, Nell Green, from the Broken Play Podcast. Look, it's the end of the season. The playoffs are here. But guess what? It ain't the end of your season. You can always tune in with Broken Play Podcast with Nav Green on the Black Effect Podcast Network.

1:10Not a team who ain't going to the playoffs. They're chief. It's time to rebuild. Listen to Broken Play with Nav Green from the Black Effect Podcast Network on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. You know Roald Dahl. He thought up Willy Wonka and the BFG. But did you know he was a spy? In the new podcast, The Secret World of Roald Dahl, I'll tell you that story and much, much more. What? You probably won't believe it either. Was this before he wrote his stories? It must have been. Okay, I don't think that's true. I'm telling you. I was a spy. Listen to The Secret World of Roald Dahl on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

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2:40That we shouldn't Look more at Stocks that are sub 25 bucks Because given this interest rate and this is only for the Trump administration they're going to give you a scenario with interest rates and because now it's crazy like even if you take saying disc and micron right the big companies have found a way to get meme like gains out of the market so the meme stocks don't even matter um so with that being said i used to have a notion that i wouldn't look at a stock below a certain price threshold that still applies if it's under 10 bucks, but some sub$25 stock we should look at because they can probably give us a four or 500 % return.

3:25I will look at them as a swing trade, not a five to 10 year hold, but the notion of sub$25 stocks being of no value is something that I've changed my mind on for when Trump is in office.

3:40All right. I'm going to be very specific with this one. okay yeah so this is a belief that i changed my mind on if you've been a market mondays day one put some fires in the chat please no you're not going to do this no you're not yeah i'm coming yeah yeah i'm stepping to the front of the conversation listen for years don't do this i mean we got to do it for years when we talked about this streaming situation maybe a few years not that many but I said there was a company that could potentially challenge the number one spot of Netflix and that company was Disney I no longer believe that Disney yeah Disney and not all of Disney the parks have rebounded licensing has rebounded your license is on fire the streaming has not worked out the way that we thought it would um the espn fiasco didn't work out the way that we thought it would i looked at a chart i was watching this clip on instagram and it put out the 30-year history of the s &p and the 30-year history of disney and there was no metric 30 year 20 year 15 10 year that disney has outperformed the s &p that's insane bro um so it begs the question should disney have gone into streaming or should it have just stuck with licensing their ip out to streamers and run a business and not thinking about podcasting Think again.

5:27More Americans listen to podcasts than ad-supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. So whatever your customers listen to, they'll hear your message. Plus, only iHeart can extend your message to audiences across broadcast radio. Think podcasting can help your business? Think iHeart. Streaming, radio, and podcasting. Call 844-844-iHeart to get started. That's 844-844-iHeart. What if mind control is real? If you could control the behavior of anybody around you, what kind of life would you have? Can you hypnotically persuade someone to buy a car?

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6:42He stood trial for murder and got acquitted. The biggest mind game of all? NLP might actually work. This is wild. Listen to Mind Games on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. New year, new goals, and in this economy, a better money plan is more necessary than ever. I am Matt. And I'm Joel. We are from the How to Money podcast, and every week we help you to spend smarter, save more, and make sense of what's going on out there. If you want 2026 to be the year you finally feel in control of your money, we're here to give you the tools and advice to help you make it happen.

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7:49Damn, that **** got swag. Rocky offers a window into not only a boundary-breaking artist, but as a man committed to fusing creative ideas, community, and remaining unapologetically himself. Have you ever gotten roasted for any of your outfits? For sure. Some people don't be getting the vision. Look, they can roast me, they can cook me, they can deep-fry me, they can saute whatever they want. It's nobody who can **** with my fashion sense and my taste is impeccable. I'm just like I impress myself a lot It's an amazing conversation One you definitely don't want to miss So listen to the Questlove show On the iHeartRadio app Apple Podcasts Or wherever you get your podcasts Just taking that revenue And perhaps expanding in other areas It's a good question I understand why they went into it Because of the content that they had And seeing where it was headed but I don't think that it will be the number two.

8:50It is now in terms of subscribership but that hasn't grown over the past couple of quarters. So I've changed my mind on thinking that it could potentially be number one. I no longer think that. I think it'll settle in here and they'll try to figure out who the next CEO is going to be. I took it out the portfolio maybe two years ago but the idea of it becoming number one in this near future, I don't see it. So I've changed my mind on that. Rest in peace, Bob Arger. Not literally, but... No, not literally. Rest in peace, Bob Arger. Rashad, what about you? I think it's a situation of not necessarily like changed my mind, but a lot of times, especially when you first teach people about stocks, a common thing is to say invest in companies that you know and use that's even that's even warren buffett's strategy and obviously you know he's a legend but um it's not always necessarily the best way to go about it because one of the common things is nike and um that hasn't worked out so i think instead of saying i think you can still keep it simple for people but instead of saying invest in the companies that you use every day i think invest in the companies that you think the world needs so that's different because i could wear nikes every single day but the world doesn't need nike if nike disappeared today that means more people just going by adidas or rebut it's not like they haven't they're not providing a service that could potentially collapse the financial system or could potentially collapse the agricultural system or could potentially collapse the political system or could potentially could potentially collapse the environmental system they're not they're not right and that's why i love qqq invest with invesco because all of those tech companies is not just investing in tech for the sake of it like the vast majority of those companies are providing services that if they went away today the world the world would would be in a very We talk about Apple a lot, but if we take every Apple product away from today, it's going to have a major impact on the world.

11:11Of course, the chips, when you talk about NVIDIA and TSM and, you know, Eli Lilly, when you talk about the health care industry, and that's the biggest, you know, industry in the world. As far as America, we spend more money on health care than any other industry. So I think looking at it from that standpoint, it's easier to kind of relay to talk to anybody, but especially people that have never invested before. It may not be as simple as just telling somebody, you know, if you brush your teeth for Colgate, look, you know, buy Colgate. Like it's not as simple as that, but it's still relatively easy to understand.

11:49But I think that that's a little misleading when you say invest in companies that you know and you love because you could love a bad company. For sure. Yeah. Just like you can be in love with a bad person and not let it go. You got to let this shit go. Target, another example. Tim Cook bought a million shares. Yeah, exactly. You got to Target every day. Yeah. Even though y 'all shouldn't be. But some of y 'all be in Target still. Don't let your more Brian. Palantir. Oh, no, no. Peloton. Peloton. We're not even going to bring up the Peloton. Peloton. We're just going to let that go. And we're going to continue to use the device.

12:28Peloton. Yo, Tim Cook bought a million shares at Nike, man. he on the board i know yeah yeah i'm with you on that um i think the idea of doing the things you like um investing things you like is the idea of somebody who has never heard of stocks what are the things and introducing them to companies but the necessity is is the most important thing earners what's up you ever walk into a small business and everything just works like the The checkout is fast, the receipts are digital, tipping is a breeze, and you're out the door before the line even builds. Odds are, they're using Square. We love supporting businesses that run on Square because it just feels seamless, whether it's a local coffee shop, a vendor at a pop-up market, or even one of our merch partners.

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14:36So here's some drama you could share with your kid. Dude, did you hear about Cassie and Jake? No, but did you hear that vaping can cause irreversible lung damage and nicotine affects brain development? Nuh-uh. You don't need to gossip if you want to have an open conversation about vaping. So if you want to get tips on when and how to talk to your kids, visit talkaboutvaping.org. Brought to you by the American Lung Association and the Ad Council. This show contains information subject to, but not limited to personal takes, rumors, not so accurate stats, and plenty more. What's up, man? This your boy Nav Green from the Broken Play Podcast.

15:11Look, it's the end of the season. The playoffs are here. But guess what? It ain't the end of your season. You can always tune in with Broken Play Podcast with Nav Green on the Black Effect Podcast Network. Not a team who ain't going to the playoffs. It's time to rebuild. Listen to Broken Play with Nav Green from the Black Effect Podcast Network on the iHeartRadio app, Apple Podcasts, or whatever you get your podcast. You know Roald Dahl. He thought up Willy Wonka and the BFG. But did you know he was a spy? In the new podcast, The Secret World of Roald Dahl, I'll tell you that story and much, much more.

15:45What? You probably won't believe it either. Was this before he wrote his stories? It must have been. Okay, I don't think that's true. I'm telling you. I was a spy. Listen to The Secret World of Roald Dahl on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. I didn't really have an interest in being on air. I kind of was up there to just try and infiltrate the building. From the underground clubs that shaped global music to the pastors and creators who built the cultural empire, The Atlanta Is podcast uncovers the stories behind one of the most influential cities in the world.

16:19The thing I love about Atlanta is that it's a city of hustlers, man. Each episode explores a different chapter of Atlanta's rise, featuring conversations with Ludacris, Will Packer, Pastor Jamal Bryant, DJ Drama, and more. The full series is available to listen to now. Listen to Atlanta Is on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. This is an iHeart Podcast. Guaranteed Human.

From the publisher

In this candid Market Mondays clip, Rashad Bilal, Troy Millings, and Ian Dunlap dive into how their investing beliefs have evolved, sharing real-life shifts in perspective that can help every investor sharpen their game. Troy Millings kicks off by explaining why he’s had a change of heart about stocks priced under $25—especially in changing political and economic environments. While he was once wary of these "cheaper" stocks, Troy now sees their potential for major short-term gains, emphasizing that swing trades (rather than long holds) may be the best strategy in certain market climates. Ian Dunlap gets honest about his long-held conviction that Disney could dethrone Netflix as the top streaming giant. Drawing on years of data, updates on Disney’s streaming and ESPN efforts, and a comparison to the S&P’s performance, Ian reveals why he no longer sees Disney as a challenger to Netflix’s crown and questions whether Disney should have even entered the streaming wars. Rashad Bilal provides a valuable lesson for new and experienced investors alike, unpacking the popular advice to "invest in what you use and know." Instead, Rashad suggests going a step further: invest in companies the world *needs*—not just the ones you personally love. Whether it's Apple, semiconductor giants, or companies essential to healthcare, Rashad highlights why focusing on necessity over personal preference can lead to stronger investing outcomes. Together, Rashad, Troy, and Ian bring humor, honesty, and practical wisdom—showing that the best strategies often come from re-examining old beliefs and staying open to new ideas. *Don’t miss out on these key insights:*

  • Reconsidering undervalued stocks in unique market conditions
  • The realities behind Disney’s streaming business and legacy
  • Why loving a company isn’t enough—and what to look for instead
  • A practical approach to building a resilient, smart portfolio

If you appreciate real talk about money, mindsets, and markets, hit like, subscribe, and let us know in the comments: What investing belief have you changed your mind on? #MarketMondays #Investing #StockMarket #Disney #Netflix #PersonalFinance #InvestmentStrategy #Stocks #FinancialFreedom #TechStocks #MarketTrends #MoneyTalks #FinanceClip --- *Stay tuned for more discussions, unfiltered opinions, and the tools to grow your wealth with Rashad, Troy, and Ian.*

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