Home Depot ($HD) podcast mentions
Labor Day savings are happening now at The Home Depot with select appliances starting at $399. Plus, save up to an extra $1,000 and get free delivery on appliance purchases of $998 or more. Get a Whirlpool Laundry Tower featuring industry-first UV Clean technology designed to reduce bacteria in the wash without fading fabrics. Plus, with great prices at The Home Depot, you can save on select appliances designed to make long make laundry day easier. Shop Labor Day savings at The Home Depot today. Offer valid August 27th through September 16th, US only. See store online for details.
Speaker A · Thoughtful Money with Adam Taggart · The Truth About China: Collapsing & Conquering? | Peter Alexander · 2026-09-15Labor Day savings are happening now at the Home Depot with select appliances starting at $399. Plus, save up to an extra $1,000 and get free delivery on appliance purchases of $998 or more. Get a Whirlpool Laundry Tower featuring industry-first UV Clean technology designed to reduce bacteria in the wash without fading fabrics. Plus, with great prices at The Home Depot, you can save on select appliances designed to make laundry day easier. Shop Labor Day savings at The Home Depot today. Offer valid August 27th through September 16th. US only. See store online for details.
Speaker A · Thoughtful Money with Adam Taggart · The Truth About China: Collapsing & Conquering? | Peter Alexander · 2026-09-15Labor Day savings are happening now at The Home Depot with select appliances starting at $399. Plus, save up to an extra $1,000 and get free delivery on appliance purchases purchases of $998 or more. Get a Whirlpool Laundry Tower featuring industry-first UV Clean technology, designed to reduce bacteria in the wash without fading fabrics. Plus, with great prices at The Home Depot, you can save on select appliances designed to make laundry day easier. Shop Labor Day savings at The Home Depot today. Offer valid August 27th through September 16th. US only. See store online for details.
Speaker A · Thoughtful Money with Adam Taggart · The Truth About China: Collapsing & Conquering? | Peter Alexander · 2026-09-15You knew, you knew what was going to be viral this weekend and you were like, everyone's going to want to get away from AI psychosis. Touch grass and go to Home Depot.
John Coogan · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14Well, the most curious thing is how large it is. Yeah. I mean, every giant retailer does everything. Walmart, Costco, Amazon. These are general retailers. Home Depot is a specialty retailer. But somehow is worth, you know, fluctuating between $300 billion and $350 billion because home improvement is just an absolutely enormous category. And they own, depending on how you sort of frame the market, like 50% of the market. Yeah. And so they sort of, um, uh, they, they picked the most interesting category to be in and then they built a business that had scale economies so they could negotiate the best prices, do the most volume. And so they're this giant business in a giant category. Is the— yeah, yeah.
Ben Gilbert · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14Okay. No, brand has been very important. Lots of things. I mean, the— come back to that in a sec, but we picked it for the reasons Ben said. Yeah. But then when we got into researching, we realized Home Depot is actually the greatest total returning stock, public US public stock since the day it went public. So like you could have bought any other stock, Apple, Nvidia, Microsoft, whatever, on any other day since 1981, since 1981 when Home Depot went public, you would not make as much money as you would have if you had bought Home Depot beat Home Depot on the day of its IPO. They beat Domino's.
David Rosenthal · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14Monster's number 2. Even if you bought Nvidia on IPO day in '98, nothing will exceed your total return with dividends reinvested. Oh, compared against buying Home Depot on IPO day in 1981.
Ben Gilbert · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14So there were people that put in $1,000 and what do they have now? $17 million. $17 million for a $1,000 investment. And it feels like— is Home Depot, because it has a consumer-ish brand, does it actually attract a different cohort of investors? Like, is it— is the actual investor base more diversified? Are there more employees who participated in that?
John Coogan · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14Yeah, I mean, Home Depot is crazy because Bernie Marcus was the CEO and sort of the primary person, but it was this team and they all had different superpowers. So it was Bernie Marcus, Arthur Blank, who owns the Atlanta Falcons today, a guy named Pat Farrah, who was the merchandise advisor. And then Ken Langone— some folks listening might know who Ken Langone is. Yeah, he was an investment banker, but he was one of the co-founders. And like, it was all part of this strategy, right? So like, Ken took the company public when it was basically a year old, 2 years old, at this tiny valuation because he could.
David Rosenthal · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14Because they didn't— because the founders, including Ken, they weren't home improvement guys. They were retail guys who saw the opportunity in this category, had gotten into it in another company in the past, and then started Home Depot. Home Depot was basically their prior company matched up with Costco. They knew Sol Price, who had started Costco. They saw what Sol was doing with Costco in San Diego, and they were like, oh, we can do the same thing with Home Improvement and it'll crush.
David Rosenthal · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14They pulled a lot from Walmart, interestingly. I mean, the, the obvious stuff they pulled from Costco— so it's going to be a giant warehouse, we're not going to face the labels out, you're going to have to go up to the pallet and, you know, just grab it off yourself however it shows up in the pallet. Yeah, um, there's those obvious parallels. Interestingly, they got a lot from Walmart, uh, the employee compensation stuff. Sure, they got from Walmart. And then the, um, uh, what was the other thing they Oh, everyday low prices. Okay. Walmart sort of invented that idea of like, things don't go on sale. Sure. It's just everyday low prices. And obviously they've moved away from that now, but that was Home Depot's ethos for a while too.
Ben Gilbert · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14Wow. What was COVID like for Home Depot?
John Coogan · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14How, how do you square the fact that Home Depot has been on this tear? America seems to be very into these DIY projects, into building things. There's been this, you know, centuries-long build-out of the American home. And yet there's so many talking points about we can't build things in America. There's a housing crisis. There's not enough housing. How can these two things coexist at the same time? What's actually going on here?
John Coogan · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14Home Depot is the perfect end around this, at least in the early days, because it's, it's DIY. Okay. You don't need permits when you're just doing this yourself. You don't need permission. That was the whole ethos of the company. Contractors and pros now are half the business. Yeah, even still, it's mostly residential. Yeah. And a lot of that just skirts around all this bureaucracy. Got it.
David Rosenthal · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14And I completely agree with you that America is not building enough housing, especially single-family homes. We're building a lot of condos and townhomes, but people want to live not necessarily in cities, but near cities and in single-family homes. And we aren't building many of those. Home Depot is experiencing like the most ridiculously awesome secular tailwind from that ever. Because America has a giant housing base that gets older every year. Oh yeah, the median age of a home is up like 15 to 20 years versus when they were getting founded. And so for them, it's just this like almost an annuity that people need to be working on these old houses.
Ben Gilbert · TBPN · The "Pacing AI" Debate | Nico Wittenborn, Scott Keogh, Mitchell Green, David Rosenthal & Ben Gilbert, Faraj Aalaei · 2026-09-14