How to Play the Money Game with Michael Santoli artwork

How to Play the Money Game with Michael Santoli

The Compound and Friends

August 21, 2026

On episode 256 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and Michael Batnick are joined by⁠ Michael Santoli ⁠ to discuss: the surprising strength of the stock market, what’s keeping the bull...
Speakers: Michael Santoli, Josh Brown, Michael Batnick

Topics: Investing, Business, News, Business News

**Michael Santoli** (0:00)
Yankees won a few in a row.

**Michael Santoli** (0:02)
They did, they're squeaking them out.

**Josh Brown** (0:04)
You go to the stadium a lot?

**Michael Santoli** (0:05)
I don't go a lot. I used to go, I used to have a little mini plan. I'm so old, I can't warm up to the new stadium. I know it's been there 17 years or whatever, but it's not the place I walked into when I was five years old.

**Josh Brown** (0:19)
Oh, you should have come with me to Jay-Z. You would have loved it that night.

**Michael Santoli** (0:22)
Oh yeah?

**Josh Brown** (0:22)
Oh my God. So they didn't have Yankee security there. They had an outsourced security, and I think there's like 50,000 tickets sold, and then maybe another 50,000 people who thought either somehow they'd get in or...

**Michael Santoli** (0:38)
I'm on the list, yeah.

**Josh Brown** (0:39)
Or if you're right outside the stadium, you can listen.

**Michael Santoli** (0:41)
Oh, right.

**Josh Brown** (0:42)
And just hang out. And it's in one of the most population-dense neighborhoods maybe in the world.

**Michael Santoli** (0:47)
Yeah.

**Josh Brown** (0:48)
And it was just like, it was impossible. And I went Saturday night, so it wasn't quite as bad as the next night, Sunday night, where he didn't go on stage until 1230

**Michael Santoli** (0:58)
Oh my God.

**Josh Brown** (0:59)
But it took us two hours to get in. We planned for that. And then it took us two hours to leave. No kidding. Which is the worst.

**Michael Santoli** (1:06)
Yes.

**Josh Brown** (1:07)
And everybody's like standing shoulder to shoulder. They just, they had two, it's six gates, Yankee Stadium. They had two gates open, which I don't understand.

**Michael Santoli** (1:16)
It's a nightmare. I know.

**Josh Brown** (1:17)
I think what they thought is that they'd be able to better control the flow out of the street.

**Michael Santoli** (1:23)
The checkpoints, yeah.

**Josh Brown** (1:24)
But it didn't.

**Michael Santoli** (1:25)
So this is the thing where they like cut it into a dock or something, the four nights or whatever it was?

**Josh Brown** (1:30)
They're going to have to make a movie.

**Michael Santoli** (1:31)
I think they did, yeah.

**Josh Brown** (1:32)
They're going to have to because it was a true like milestone event.

**Michael Batnick** (1:38)
Alas, this is coming out of IMAX, their tour.

**Michael Santoli** (1:41)
There you go. Probably the Sphere.
Who knows?

**Michael Batnick** (1:44)
That'd be sick. I saw them at the Rose Bowl last year before Future Proof. Oh yeah. Amazing.

**Josh Brown** (1:49)
You know who's at Yankee Stadium a lot? Terranova's there.

**Michael Santoli** (1:52)
I know it.

**Josh Brown** (1:52)
Like almost every game.

**Michael Batnick** (1:53)
I know.

**Josh Brown** (1:53)
He just loves it so much.

**Michael Batnick** (1:55)
He has a plan.

**Michael Santoli** (1:55)
I'm going with him.

**Josh Brown** (1:56)
You're going to go to the 9-11?

**Michael Santoli** (1:58)
Oh, with you, yeah.

**Josh Brown** (1:59)
I was going to go. Yeah.

**Michael Batnick** (2:00)
Oh, you're not going?

**Josh Brown** (2:00)
It's Jewish holiday.

**Michael Santoli** (2:02)
Oh, what does it fall on?

**Michael Batnick** (2:03)
I don't know.

**Josh Brown** (2:04)
What's 9-11? September 11th.

**Michael Batnick** (2:05)
Probably Rosh Hashanah. Rosh. Rosh. Do you consider yourself the greatest financial journalist of all time?

**Michael Santoli** (2:12)
Oh my God. No, I don't.

**Michael Batnick** (2:14)
I try not to consider myself at all. You start the interview just asking.

**Josh Brown** (2:18)
Why are you so awesome?

**Michael Santoli** (2:19)
I mean, come on.

**Michael Batnick** (2:20)
We are gonna make you blush.

**Michael Santoli** (2:22)
I've aged into it.

**Michael Batnick** (2:23)
No, but you know what?
I feel this way and I think I speak for the fans. You feel as much like a practitioner as anybody in modern times that has reported on the financial markets.

**Michael Santoli** (2:35)
I guess I'll take that as a compliment.

**Josh Brown** (2:38)
You're saying you feel that way about him or he feels that way?

**Michael Batnick** (2:41)
That's how I feel.

**Josh Brown** (2:43)
Oh, because you said you.

**Michael Batnick** (2:45)
Whatever I said, I said how I feel. I know what you meant. I was there. That's how I feel.

**Josh Brown** (2:50)
You'll take it or you take that as a compliment.

**Michael Santoli** (2:52)
I will take that, although.

**Michael Batnick** (2:53)
You feel like you're more than just an observer. I'm saying I feel that. I just said it again.

**Josh Brown** (2:57)
Right.

**Michael Batnick** (2:58)
Go ahead.

**Michael Santoli** (2:58)
I feel like I always view it as like kind of color commentator, but maybe sounding a little more like the color commentator who has a good feel for how the game is played as opposed to just like covering it in a neutral way. But the funny thing about it is, I have zero interest and never have had an interest in actually doing this stuff.

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