Nick and Jessica’s 3 Big Lessons From 2025, Sam Altman Orders a Code Red at OpenAI, Adam Parker on Broken Compounders, the Case for Adobe

The Compound and Friends podcast episode features two segments: The first segment includes a discussion with Nick Colas and Jessica Rabe of DataTrek Research, who share three key investing lessons from 2025 and their implications for 2026, emphasizing the importance of policymakers prioritizing economic growth and understanding long-term valuation contexts. The second segment, "What Are Your Thoughts," features Josh Brown and Michael Batnick, joined by Adam Parker of Trivector Research, who analyzes "broken compounders"—stocks that significantly decline after a period of high growth—advising caution against chasing them. They also discuss OpenAI's "Code Red," Apple's new highs, and Adobe's current situation, followed by a discussion on market trends, sector performance, and individual stock analyses, including a debate on energy stocks and a mystery chart segment.