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recent history relatively, in the past couple of years, you were caught in the middle between bill ackmandan loeb, and they were all not really caring about the actual fundamentals of the company -- [laughter] they just were trying to squeeze it. >> yeah, liz, you're absolutely right. and by the way, fundamentals, that was the key to getting through those times when they were doing their thing. we were focused on growing our business around the world. 94 different countries. by the way, healthy nutrition has never been more important than it is today. our customers and our distributers, they recognize during those days and during 2020 that this was the time to step up our performance and to deliver on what our customers wanted. it's why we had the best year ever, it's why we're looking to the future with a lot of excitement. 2021 is going to be one of our impressive years. i can feel it. our strategy is working. we had growth in 2018, we had growth in 2019, as we stated 2020 was a record year, and i'm looking forward to 2021. liz: all right. folks, the far-left part of it, that's where jo

you have how ackman is now positioning himself because of a fear of rates getting a little away from us, perhaps, in the second half of the year. is that the best strategy right now? >> i just have to agree with rick, and he knows i've agreed with him quite a bit over the years. he's one of the best to ever do it when i think about positioning we're not thinking about inflation and it's an outside risk, but when you think about the powerful deflationary forces of technology that still exists in productivity i'm a little less worried about inflation and i think the fed's of the mindset that we can tolerate a little inflation. again, when you have companies that are growing so rapidly and you raise the discount rate 25 basis points, 50 basis points, it's almost meaningless in the valuation. yes, i understand what everybody is talking about when i think about pockets of excess and what steve talked about, sure, there are you have companies trading at 370 times earnings, that's a concern, right there has to be some level or margin of safety, but when you look at big tech, facebook, amazo

a 40,000% gain that, not ackman, that guy, the greatest trade of all times. that guy that you found, i don't know how, but that's what you do best, greg zuckerman is there any correlation between -- because this was always like about let's get the hedge funds right? take down the hedge funds. first off looking at the trade size in gamestop the last few days there are big players in gamestop big hedge funds doing huge bloc trades i want to throw that out there do you feel like there is any similarity at all between the worlds or is this literally, let's go get them? >> i mean, to the extent that the redditers are sharing ideas it is not unlike the idea dinners we're all ware of wher hedge funds get together and give ideas to each other and to the extent a small investor is sharing thoughts and maybe their research i think it is all really great stuff. you start getting worried when you hear people say hold on don't sell almost like a moral obligation we're in this together and you almost feel -- i know my investor felt bad he was getting out, he was letting do

day they can create because they have so much capital but you've seen them also step down as bill ackman did trying to lay out there are a life when he felt it was our value our other companies like that so there's no or sherm's or guarantees but they are and special situations and certainly they go with what meg said earlier they do get the advantage of what janet yellen has done and created a lot of this crap that happens in these markets and hopefully somebody will step in here because i want to know myself was there true front running in these markets because certainly if you have enough power behind you know is a floor trader on the floor in general or 25 out of my 43 years of trading and i've seen how the big banks and others can manipulate in front run these markets by creating a false narrative to begin with and then letting the markets ron and the direction they're trying to get him or saying a little investor they get stuck up their ass versus a drawing and having a profitable try. because they're trying to follow along with the big lie that has much more power that will actual

forest this is the 2nd mass abduction of school age children in the country's north in the past week ackman address has travelled to the school itself when the gunman broke into the school there were more than $550.00 students $317.00 of them were herded together and groove into the night by these gunmen 3 days after there is no story about their safety or when they're coming home as a result the government owes them for a state has shut down all public schools and this is having an effect on public education in my geria minutes calls are being shot especially speeds for fear of the repeat of this institution a candidate for the champion presidency says security forces have killed his mother son and 3 of his cousins yeah yet the u.s. says a unit of presidential guard raided his home at dawn the government has confirmed the raid but says its forces had no choice but to shoot when they were fired on. thousands of people have been injured in bangladesh on the 3rd day of protests after a government critic died in jail police fired rubber bullets and used bastions on a group of more than 500 fre

playing out over the last 20 years, a cycle they've been involved in this whole time you think about ackmanand short squeezes happening at that level this is, again, a tale as old as time the second largest investor on the market, which is retail, 20% of market activity, is now figuring out how to do it, too we used to think of retail as the tag-along or as simply dumb money. retail has figured how to self-organize. as it figures how to self-organize each time it will figure out how to do it better until it becomes -- and i say it but one of the interesting things it's become an entity the market needs to grapple with i think it's totally here to stay >> yeah. it's not computer learning it's crowd learning. >> absolutely. >> fascinating to watch. they say live in interesting times, this is really getting interesting. kanyi, good to see you >> always a pleasure >> kanyi maqubela. >> kevin mayer is coming up as his new spac makes its first acquisition, beach body. that's at the bottom of the hour stay with us (sam) gamers! he who is good for making excuses is seldom good for anything else. ta

the british momentum to what is a drug that it's political ackman sort of the bill why then was the trump administration opposed to her candidates. that's the 1000000 the $1000000.00 question and we saw what was released as an official statement indicating these supports out for you. but i didn't realize didn't this could also be explained by the absence of. that time but many stations are honestly and the absence of multiplexes in general and does quite exciting to. president biden talking about. whiteness it's that he may just as the stick me seem to live in the no mystic bat in us foreign policy and aggravated has been really at the bottom of the list a proud useful at the time administration recently that it's now out in the not reading up when in fact it going well at. the appointment right so 6 she says that this is a critical moment for world trade what does she mean by that. and that's a great statement because if you're going to look at it and package itself actually saying well it's an opportunity to go back to the whole purpose the founding christmas for that. there's a lot of

jaredize ackman and i are good -- jared isaacman and i are friends, and when jared put these judges together. we're not only raising $200 million for st. jude's children's hospital, but the way this has been put together, it's really inspiring. one seat is dedicated to leadership, which is jared's. the second seat is st. jude's seat, and that's dedicated to hope. the third seat is dedicated to generosity, giving and a spirit of giving, and the fourth seat is designated to prosperity. and that forty seat is -- fourth seat is the seat that we're all judging to put that civilian in space. anybody can participate in it, neil, which is very exciting. anybody who's excited about being a entrepreneur or going to space should take advantage of this. neil: did you think about it for yourself, jon? [laughter] it's tempting. >> i must say, when jared called me and asked me to do this, for a couple of seconds in that conversation i thought possibly he was going to say are you going to come with me, jon. but, no, i was concern. [laughter] what an honor, neil, to be able to do this -- neil: absolutely. >>

i've been critical of many shorts, tesla, the way bill ackman went after herbalife, but i cover the marketsone other thing that's very interesting. why was amc, why was gamestop as pen gnu stocks still risked on the new york stock exchange? if you were worried about speculation in penny stocks, which they're problematic companies, how does a penny stock which is defined by the ces as a stock trading at $5 or below, listed on a major exchange? the sec identifies a penny stock is $5 and below, yet on the new york stock exchange and i believe on the nasdaq you can trade dollar stocks. if they're not listed, by the way, they don't trade on robinhood. and that's a question someone should be asking. neil: very good. you know, charlie, you don't have to worry about these comments triggering an avalanche of massive e-mails -- >> just looking at my twitter page right now. neil: there we go. charlie -- [inaudible conversations] [laughter] neil: that rings a bell. thank you, my friend. he'll be back with us a little later. chad pergram is following these developments on capitol hill right now. some on

even billionaire bill ackman, increased stake in texas-based hower hughes corporation which builds multifamilyryan, tell me about the trend and what are you seeing and do you think this continues? >> absolutely. i personally have been on a plane two or three times a month going down to south florida with clients from new york who want to take their new york guys to look for property. it's in part fueled by work from home opportunities, the fact that most people thought for a very long time they had to be in new york city and now they get to have the beach, there's great schools and then there's the tax savings, no income tax, capital gains tax, no estate tax, there's great opportunities in states like florida. maria: yeah, it's interesting people have figured out that they can have a life and also work and not be in new york city. ryan, what does it all that up to? you just listed a whole litany of taxes that are not happening in florida. what kind of a cost are we talking about for somebody living in new york? tell us the real attractive incentive? ryan: the most attractive incentive is the l