transcript

Speaker 1:
[00:04] Investing is important because it's the only way you are gonna be a bit rich and wealthy for your family. We can, close the wealth gap, by working together.

Speaker 2:
[00:16] Market Mondays, the biggest investment show ever.

Speaker 3:
[00:18] My life has literally changed since watching EYL. When you can make people money, you can add value. They're going to be forever indebted to you. Disclaimer, do your own research. Our content is intended to be used and must be used for informational purposes only. It's very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify any information that you find on our show, and wish to rely upon whether for the purpose of making an investment decision or otherwise. Let's build our knowledge, our community and our brokerage accounts. Love is love. Love is love.

Speaker 1:
[01:03] Love is love. Happy Monday. How y'all feeling?

Speaker 3:
[01:05] Happy Monday. Ian Dunlap, the master investor himself is in the building.

Speaker 1:
[01:13] Y'all know what I came with you today. Tell your mama, tell your cousins.

Speaker 3:
[01:17] You know why he's here.

Speaker 1:
[01:18] You know why I'm here today. I'm a bad cop.

Speaker 3:
[01:22] I'm called ISO. My people was going on. Happy Monday. It is the 20th of April. It still feels like it is February here in New York. I don't know what's going on. Last week was 90 degrees. We are in about 30 degrees currently or going there tonight. Tonight, tonight, tonight, we're going to 30. Tonight we're going to 30.

Speaker 1:
[01:45] What's the temperature? Weather report.

Speaker 2:
[01:46] Jim, shout out to you.

Speaker 3:
[01:48] Today was 50, but we're dropping, we're dropping. But we're blessed to be here, man. I would never complain because we are blessed to be here. How you feeling, Ian?

Speaker 1:
[01:58] Honored to be here, happy to be here. Blessed, highly favored, all the things. Red Panda, love y'all. Earners, love y'all. Tim Cook, love you as well. Your technology brother has a lot to talk about tonight.

Speaker 3:
[02:12] So, somebody said you forecasted that. Shadi, how you feeling?

Speaker 2:
[02:17] Feel good, feel good, man. Back at it. We got Blackout on Wednesday. We got a lot to talk about on Blackout. Tune in Blackout, nine o'clock Eastern Standard Time on Wednesday. We got NVIDIA coming up on Wednesday also. So that's going to be dope. And then Thursday, Earn Your Leisure episode versus formal. Thank you to everybody that checked out the Julian Brown episode.

Speaker 3:
[02:40] Appreciate that, bro.

Speaker 1:
[02:41] I'm going to cut you off. Classic, though.

Speaker 3:
[02:43] Appreciate it.

Speaker 1:
[02:44] Don't get the patent.

Speaker 3:
[02:46] Protect them at all costs.

Speaker 1:
[02:48] For sure.

Speaker 2:
[02:49] Millions of social media impressions. That episode has just gone crazy. So we got one of our favorite people on Thursday. They went to Atlanta and shot a bunch of content. Jada Waiter, Jada Sheeves. We got her on Thursday at 12 o'clock. Oh, man. Millennial that's really got the young world in the palm of her hand, especially when it comes to women. Somebody that's really intelligent. A lot of people might not really know. They might just see her on social media or whatever. But this is like a third time that we really got a chance to really, really chop it up, whatever we had on our show. I saw a lot of Billy like four years ago, and then she came to invest for us VIP night. But to see her grow from the last four years as far as her brand is killing, her use of AI, navigating parenthood, buying real estate, she's doing a thing. She's doing a thing. So that's the one thing about Earn Your Leisure, we highlight all levels of entrepreneurship and all levels of success, so-

Speaker 1:
[03:45] Different CPMs, too, Robin.

Speaker 3:
[03:48] Different CPM, yeah. I think-

Speaker 1:
[03:50] Cult's pollination of audience.

Speaker 3:
[03:53] I mean, you got to skew younger, right? The idea that we've been doing the show long enough that it's been four years since we last sat with her to see her develop, like Shadi was saying, as a woman, number one, in business and motherhood, making mistakes, learning from those mistakes, being vulnerable and honest and transparent about those mistakes so others can learn. I think she's a dope one and somebody you definitely, if you haven't paid attention to what she's doing on the business side, get your notepads ready. She's going to drop some stuff.

Speaker 1:
[04:22] And for you naysayers, don't say, well, it's because of her baby father. Some of y'all have rich baby daddies in fun with them. Keeping them in the family and keeping the family together so you can't elevate like she did is a core lesson for you about Ian Dunlap, the master investor. Put it in the track, put fumbling the rich baby daddies.

Speaker 3:
[04:45] You know what's interesting? We, in two interviews that we've done, we've never really even brought that up. It's really been focused on her business, and she's very astute about it. And so like the early stages was who she was in the first interview to see where she's at now.

Speaker 1:
[05:00] Yeah.

Speaker 3:
[05:01] I mean, we always pleasantly surprised, but to see her actually coming out with product, partnerships, she says she's still turned and lit, but she's a business woman at the same time, which is dope.

Speaker 1:
[05:11] And it's a great lesson too, even if this isn't, let's say she's in your target market, the best advice you can always get, word of the week, Chimera, to be a hybrid of many things. To learn what she did in her industry, and be able to apply it to yours. There's a true thing such as like marketing incest, right? Well, like everybody in the category would do the same thing. The best ideas come from looking at other people who don't do that thing, apply it to your industry and get a multiple on it. Back to you, Tron Rashad.

Speaker 3:
[05:40] Wait, you gotta get on the word of the week again so they can go write it down, look it up.

Speaker 1:
[05:45] Yes, Chimera. It was actually the first name for Red Panda, C-H-I-M-E-R-A, Chimera. I'm on the floor today.

Speaker 2:
[05:56] Get your finger through it fast, man. We got a lot brewing. We got the black top VIP night. We got, man, we got the pitch competition, which ends on the 20th. Is it tomorrow?

Speaker 3:
[06:09] That's today. Today?

Speaker 2:
[06:11] Today? It ends at midnight. Get your applications in. Pitch competition ends at midnight. We got the singles room with Ken JaGee, and we got a bunch of other things that we cannot announce yet. We got a bunch of other people that we cannot announce yet, but just know you see us doing a lot of these interviews. Just know, just know, just know.

Speaker 3:
[06:32] We're traveling all over the world.

Speaker 1:
[06:35] I see. Got to get the job done.

Speaker 2:
[06:38] That's a fact. Any announcements?

Speaker 1:
[06:42] I will see you guys in Atlanta Saturday and Pullman Yards for Black Effect Podcast Festival. Kudos to Dali, kudos to Charlamagne. Love you both dearly. Stock Club Call, Sunday at 9 p.m. Central. If I made you money, please put yes in chat. Presentation will be back in rare form. I got some surprises. It's going to be a good two-hour conversation about the state of the market. Tim Cook's departure as CEO, what I think of the new CEO and the aggregation plan for the next four or five years for Apple. So the link is in Telegram. Link is in Kajabi. Register. Get there early. It's going to be a good one.

Speaker 3:
[07:19] Yeah. And shout out to everybody that pulled up to the class on Thursday. Greatly appreciated. We was in there for about an hour and a half. Spent some real stuff. Had an outlook on the market. So shout out to everybody that pulled up. Shout out to EYLU. We got a few birthday shout out to Austin. I know he just had a birthday. Part of our investment club. I know Shanti's birthday. Shout out to Pierre, man. He had his birthday last week. Shout out to Pierre.

Speaker 2:
[07:42] Yeah. Yeah.

Speaker 3:
[07:43] And I brought with Terrence J, man. Happy birthday, my brother. Happy birthday, man. That's a fact.

Speaker 2:
[07:49] Let's talk about the trading tip of the week.

Speaker 3:
[07:51] Let's do it.

Speaker 1:
[07:52] It's a continuation of last week. All gaps fill with the direction of the market. Did any of you take advantage this past Sunday? So the interesting part, sometimes when you get information, and I learned this from like watching y'all run around and go to Africa and come back to New York and go to LA, then you go back to Africa, right? Sometimes when you get the information, you have to execute it right away. This past Sunday, the ES, the S&P future fell again. So if you get another, I think we'll have one more of these where we gap down. Now this one gap down because of futures expiration. Put in chat, futures expiration is when all the contracts have to be liquidated. So if you're in a position for 20 days, you didn't have to clear. Sunday we fell down to 7085. We're currently at 7155. So some of the moves like I've been talking about on Sunday are there, but the gaps fill with the predominant direction. Take advantage of each one because I think probably by July or August, we won't have any more for the year. So take advantage of the move while it's there.

Speaker 3:
[09:02] I think that's amazing. I'll add to it. And I told everybody to circle the date of March 19th, right? That would be 30 days from when the S&P had lost its 200 day. My tip would be when an equity or an index reclaims its 200 day, allow it to hold before you start making moves. What does that mean, right? It might touch the 200 day and fall back under. It might touch the 200 day, go up and then fall back. Let it reclaim. And reclaim is the important word here. Reclaim means that it has gone above the 200 day and it has stayed there. How do you know that it's going to move in a momentum upwards? This is where volume comes into play, right? So you want to see how much volume is in that move, right? And you usually see by candles, right? They will indicate strong green candles that will be going up. Let it reclaim, let it hold. And let's check the volume before we start making moves. We saw the S&P go under its 200. We watched it reclaim it within those 30 days. We told you what that meant. Usually, right? This is 100% of the time. I shouldn't say usually, 100% of the time that it's done that within the first 30 days of losing it. The S&P is going positive for the year. It's a home run. So that indicates that we're going to have some upward momentum. Doesn't mean that we won't have a pullback every now and then throughout the course of the rest of the year. But it shows the signs that the S&P is going to end in a positive for the year. So that would be my tip. Let it reclaim, let it hold.

Speaker 1:
[10:26] Yep, and for anyone who's asking, what should your target be on the gap fill? So for example, towards the end of the day, that low was $71.50. Then Sunday it dropped. Whatever the previous candle is, the bottom of that candle, that's where you want to start to look to take your profit. And if you see right at 8 o'clock, it went to $71.59.96, even though it won't fill there, and it immediately went down. So take the previous candle from where it gapped, draw a line at the bottom of the candle, not the top, and then that should be your exit price when we go back to the upside. This is a classic strategy, but you have to get the direction right. Like if a stock or future is in the wrong direction, you're gonna have a lot of trouble. Always go with the predominant trend that is there in the market.

Speaker 3:
[11:19] Caroline, you're drawing is that the new support? That's what you're saying?

Speaker 1:
[11:23] Yep.

Speaker 3:
[11:24] Yep. Perfect, yeah.

Speaker 2:
[11:27] Let's talk about the investing fact of the week.

Speaker 1:
[11:31] Rashad, did you know if you invested $10,000 when Cook took over Apple, you're sitting well over $150,000 today. And if you'd invested $100,000 into the stock, you would be up 150,000.

Speaker 2:
[11:46] 100,000, you'd be up a million.

Speaker 1:
[11:48] 1.5, excuse me. And Apple stock performance since August 24, 2011 is up 1,932 percent. Job well done. It shows the power of a long-term hold when you have one of the greatest operators in history at the helm after a time when the stock was incredibly volatile. The lesson here is to hold for a 10-year period for the biggest tech companies on Earth. For those of you who are saying, what's the next Apple? There's no new Apple, but I am looking to Anthropix IPO. You can look forward to Databricks, SpaceX, Starlink, OpenAI. Those are the four of the future that you can look forward to. Have long-term holds in those.

Speaker 3:
[12:38] Yeah. I got my fact. There it is. I'm going to say that we can say this in as many ways as possible. I wrote it down. Wealth isn't built by avoiding bad days, it's built by surviving them long enough to catch the great ones. I'm going to say it again. Wealth isn't built by avoiding bad days, it's built by surviving them long enough to catch the great ones. So everybody's trying to time the market. They're trying to figure out, you have to be in the game. Right? You're not, yes. Nobody wants to lose money. Nobody wants to see their account go red for the day. But are you in the position, a strong company long enough to say, okay, I've done it. I'm here. This is part of it. Here comes the upside. We've seen that happen with, I don't know how many companies over the past four weeks. This is a small microcosm of what the market can do. And so when we see pullbacks, we're not running away from them, right? We understand that these days happen. This is where repositioning happens. This is why having your resistance levels and having your support levels are important. But are you in these long enough, some of these positions long enough to actually see the outcome? It seemed to now happen with Microsoft, some of our software companies, I just watched Synoptics and Cadence do the same thing. And now it's, oh my gosh, I can't believe. But we were in strong companies. Was there a pullback? Yes. But we were in them long enough to see the gains on them. We're going to continue to see gains, in my opinion.

Speaker 2:
[13:55] Another one is, a substantial amount in an investment can be greater than a minimal amount in the trade.

Speaker 1:
[14:06] Listen, oh my God. You and I are thinking the same thing. Go ahead.

Speaker 2:
[14:10] It's true.

Speaker 1:
[14:10] Go ahead, Cook.

Speaker 2:
[14:11] It's really true. So it's like, what do I mean by that? It's like, okay, if you have $100,000 in investment and it gets 10%, you made $10,000. If you have $10,000 in a trade and it gets 100%, you made $10,000. So you should do both. You could do both for sure. But what also could happen is you could lose everything in the trade and that 10,000 goes to zero. So the name of the game, when you're playing with larger sums of money, you don't necessarily have to have the most spectacular rates of return. You just got to be consistent. And that's really the game at the highest level possible as far as like, now, obviously, you have to have a lump sum of money. But it's a mindset to think about. Because if you get good returns on large sums of money, that's actually the same as getting spectacular returns on smaller amounts of money.

Speaker 3:
[15:17] Yeah, it's a risk mitigation. Right, it's one of those things. I had this conversation with Mike all the time. He's like, look, you did 1000%, you did 2000%. Why don't you put 500,000? Why don't you put, I'm like, Mike, it's a risk mitigation. Right? Yeah, we can get 1000%. We're going to put this amount of money in and watch it grow. Now, we're not just doing that one time. We're going to do that in a bunch of strong companies and watch it grow. This is how you build a portfolio. But I understand it's like, you see some of these astronomical gains and like two things happen. Oh, I shouldn't have invested more or damn, why did I invest? You can't pay both sides of it. So you have to have risk mitigation, especially when you're trading options and trading futures and you can see some of these astronomical gains. It looks great until it doesn't go in the direction you want. And then you're like, why did I do that?

Speaker 1:
[16:09] In addition to your bet sizes need to be the same because the trade-off is like you got to have conviction in the trades and investments you're making. One of the worst feelings is to put $100 on something that goes 2200%. Like one way to stop from having FOMO on either way is trade in the futures market the same amount of contracts or dollar-wise put the same amount in every single trade. It's an easy way to prevent you from blowing up your account, but when you have conviction, you got to put some size on. But the same bet every single time, it takes away a lot of that stress and fear, for real.

Speaker 3:
[16:51] Yeah, you spot on, I'm going to keep it real. I did this with Apple maybe a year ago, two years ago. It was like $4,000 that was just in the account. I was like, I'm going to put in an Apple call. That $4,000, I think it gained like 900% and I'm thinking to myself, oh my gosh.

Speaker 1:
[17:09] Wow, yeah, what did I do?

Speaker 3:
[17:11] But you know, you live and you learn.

Speaker 1:
[17:13] You live and you learn. And the great part is from these mistakes, this is where you get all of your lessons. A lot of times people ask me like, how did you get this insight? I'm like, it's from being active and writing down the mistakes. Like once you have a system in place, the system really comes from the F-ups you had early on and wish you could redo them over. Write down every mistake that you make, you'll have your own blueprint, your own playbook for how to navigate this market.

Speaker 3:
[17:38] And it's objective. In the back of my mind, I'm like, you can't lose by making a profit, but you know that there was something greater there.

Speaker 1:
[17:46] Yeah, on the table.

Speaker 3:
[17:47] Yeah, yeah, yeah.

Speaker 1:
[17:49] Yeah.

Speaker 2:
[17:51] Okay. I want to talk about relationships too, just to kind of detour, because we definitely got to give a congratulations to Nas for opening a new restaurant. And at some point in time, we probably will be actually fully explaining our whole, because there is a strategy to relationship building. It's not random. And if you do it consistently enough, it's like anything, you can get lucky once or twice, but you can't get lucky for seven years straight. So there is a very specific set of people that have a very specific strategy.

Speaker 1:
[18:32] Audience, I got you. What's the strategy for it?

Speaker 3:
[18:34] Funny you should ask.

Speaker 2:
[18:36] I wish I had more time, but one day we're going to tell this story in full detail. But I will say this, man. One thing that I will say about Nas is that he, we met a lot of great people, like as far as, we haven't really met anybody else like an asshole that was like famous or somebody that we looked up to growing up. For the most part, everybody's been cool. But I think he has the lightest heart.

Speaker 1:
[19:00] You can see that.

Speaker 2:
[19:02] It's hard to explain. But he's very lighthearted person. Every time you see him, he's just laughing. It's just like he's like a teenager. He's a very lighthearted, telling stories, joking. He's in a very good space in his life. That's important because the energy that you project is the energy that you get back. So it's not a coincidence that he's getting involved in all these deals, the casino, the restaurant, venture capital. I think that within itself is a very valuable lesson. He's projecting a very warm, lighthearted energy and he's being rewarded for it, and congratulations to him. But that's a key component to building relationships. I'll say that's one part of building a relationship is actually just projecting energy that would be welcoming to other people as opposed to a very aggressive.

Speaker 3:
[20:03] You can see it in the partners that he's selecting. We have an opportunity to meet some of the partners in Coq, in Coquidot, which is his restaurants, which are going to do incredible, by the way. There's one in Vegas and the one just opened in New York. But seeing him navigate the relationships that he has, and then having his day one people still with him, is dope, because that's something very common and very familiar with our story. We still are the same guys. We're around a lot of the same guys that we grew up with. We're forced in relationships. People have seen that happen in real time. Then when we see him, it's just like, damn, this is really a blueprint. This is really a blueprint. Even the rooms that he's cultivating, it's phenomenal and he fits in in every setting, which is kudos to him.

Speaker 2:
[20:48] It's good to see, because a lot of times, especially, shout out to Dane, that's the brother, Dane, that's the brother.

Speaker 1:
[20:55] Always.

Speaker 2:
[20:56] That's the other side of it as far as a very aggressive CEO type person. A lot of times people think that that's how you have to be to be successful. It's very aggressive, very loud, very... And that does work for some people, but it's good to see when the other side wins too. Somebody that's very humble, very, you know, mal-mannered, very warm-hearted.

Speaker 1:
[21:23] Kind.

Speaker 2:
[21:24] There's people like that win a lot in business. And the people that's loud, they get highlighted a lot, but most of the really, really successful people, there's more people like that than like the Donald Trump. And like, the Trump, yeah, yeah. And like, the loud and obnoxious. There are people that's like that, that are successful, but when you're chasing your dreams, don't try to be somebody that you're not. It's okay to be a good human being.

Speaker 1:
[21:54] It's better to be the way it is.

Speaker 2:
[21:55] So try not to nod.

Speaker 1:
[21:57] Yeah, better to be the way. Troy, Rashad gave one tip. What's the second tip you would give to building relationships worth more than money? Back to you.

Speaker 3:
[22:07] I think treating everybody with the same amount of respect as the leader of the company or the leader of the business. We're just as cool with Jeff and Peter and the entire team as we are with Nas. Now, obviously, we looked up to Nas our entire lives. I mean, on record, I said this is the first guy I wanted to be like in my entire life. But it's important to show the other people around him how much you care about them, how much you value them, because they're in contact with that person more than you are. And we learned that, Fat Joe said the same thing, shout out to Rich. He was like, look, anybody that treats Rich any differently than they treat me, I can't keep them around because they only want that to be around me. And so you learn that very early. You respect and give value and show, you know, commonality in those people. And then they'll say, look, those are guys, those are genuine guys. I love being around these guys. And everybody says the same thing when we come around, like, I love those guys. We got to protect those guys. It's because we treat everybody with the same amount of respect.

Speaker 2:
[23:06] Yeah.

Speaker 3:
[23:06] I love it. Yeah.

Speaker 2:
[23:08] There you have it, ladies and gentlemen.

Speaker 3:
[23:10] Yeah, shout out to them. You can see those opening, February. No, no, April 28th, April 28th. I think they opened in the fifth.

Speaker 1:
[23:17] All started around the corner, okay.

Speaker 3:
[23:18] Yeah, so like two weeks. So shout out to them again.

Speaker 2:
[23:20] Sir, okay. What is the oil surge strategy?

Speaker 1:
[23:27] I'm not gonna say you should stop trading oil, but I think a lot of people are looking to make an amazing move on, especially in the futures market. And I think even though they keep flip-flopping, I think the world is getting adjusted to Donald Trump's manipulation of the market. So I think we may have another two months of this oil trade, but I really want you to focus on the ES, NASDAQ and Dow. Even though consumer confidence is probably at one of the lowest levels since probably 08, 09, 10, the market has been on a tear. We're hitting all time highs and I don't want you... I know someone who personally took their money out of the S&P and out of tech and moved it into a crude. I get the concern. It's like, well, if I can time this right. I'm like, because of the big short, I think everyone's looking for an amazing short, opposed to realizing you're going to make a lot more money trading, looking for a bull market and being invested long term as well. So the crude surge strategy is I would not rotate your money out of tech, out of the S&P 500, whether you're trading, whether you're swing trading, you're doing options. Look for the ES long term. And if you just compare it on volume, even though we've had a considerable incline in talk about the crude market, the volume doesn't match the S&P 500 at all. So stay focused on what's thriving and what's doing well. And this is one thing I love about the futures market. You can trade the same asset over and over again and get the same return out of it. But a lot of people are making a mistake and going so hard into energy at the wrong time. So stay focused on the ES, NASDAQ, Dow for long term. Because I think we may only have two or three more months of this crude trade anyway.

Speaker 2:
[25:26] And I'll say this too, another... Oh, shout out to the brother Busta Rhymes too. That's the bro in AZ. My contractor, he went like two weeks ago when all of this was happening, he was telling me, he was like, sell all your stocks and just buy real estate. He's like, yo, the world is about to crash. It's not going to happen. He's like, real estate is the only thing that can really... The real estate people, that's the same argument. It's tangible. If all else fails, you're always going to need stock market.

Speaker 1:
[25:59] Not to cut you off. Every major company, you can drive past the fucking building and see the shit in there.

Speaker 2:
[26:07] Yeah.

Speaker 1:
[26:08] Sorry, Troy. I get tired of that though.

Speaker 2:
[26:11] He was telling me, his son, he told his son the same thing, like, look, take your money out of the stock market, buy real estate. He was heavy. He was like, yo, this is prophecy. Prophecy will be fulfilled. It's kind of hard to time prophecy. That's the only thing about it.

Speaker 1:
[26:25] Unless you mean, but this market not falling no time soon.

Speaker 2:
[26:30] Oh, you got the prophecy time or two?

Speaker 3:
[26:34] It's the crystal ball.

Speaker 1:
[26:35] You got the prophecy. You got my first join and y'all all aimed out.

Speaker 2:
[26:38] No, I'm talking about religious prophecy, in the world times.

Speaker 1:
[26:45] If we're going to be very honest, that crystal ball is powered by God. That's the part that's not talked about enough.

Speaker 2:
[26:50] But do you have the time? Do you have the in the world calculator?

Speaker 3:
[26:57] Powered by God.

Speaker 2:
[26:58] Polymarket.

Speaker 1:
[27:00] Are we talking about our universe or the parallel ones?

Speaker 3:
[27:03] You're not as guy as different.

Speaker 2:
[27:04] Multi-verse.

Speaker 3:
[27:06] The spider-verse.

Speaker 1:
[27:09] Might tell you a joke, but I'll never lie to you.

Speaker 2:
[27:12] That's a fact.

Speaker 3:
[27:12] Fact, fact.

Speaker 2:
[27:13] So I'll say that to say a lot of times, this isn't the first time that somebody has said something like that, long-term investing, you have to be able to weather the storm because every, put it like this, at some point in time, this whole thing is going to fall. But if you own real estate, that's not going to help either. If the stock market goes to zero, real estate is going to be screwed anyway.

Speaker 1:
[27:45] For sure.

Speaker 2:
[27:45] So we all in this boat together, if it burns down, we all getting burnt together. So I don't necessarily think that just jumping ship at every crisis is the best way to go about it.

Speaker 3:
[28:02] That was my investing fact. Stay in the positions long enough so that you can see the great return. That's how wealth is built. So running when you see a downturn is not the solution. In fact, that's the exact opposite of what people with wealth do. When we see a pullback, when the NASDAQ goes down 10%, I might hear that they're about to flood. They're about to flood. Here comes the volume, here it go. And you see, two weeks later, here we are. All right, so you gotta have that long-term mindset. I'll tell everybody, put your seat belts on, right? The market isn't going anywhere. The stock market is going to stay here. It will have its ups, it will have its downs. It will have a pullback. At some point, we will have a correction, a deep correction, right? Not more than 10%, but that's not happening right now. So we got to take advantage of it.

Speaker 1:
[28:54] A couple thoughts, if I may. For the people in class, it says that that's an old way of thinking when you had decoupling of asset classes and all the assets in the world were not muddled together. Two, any stock that's publicly traded, you can drive by the offices and then be able to see them. Lastly, because of quantitative easing, which is the lever that rigs the market to stay up. If you look at median home value increases since 2010 versus the returns of the stock market, the returns in the stock market are higher because of how much money they printed, how much tech companies were able to borrow at 0% interest, in some cases negative. And finally, I need you to know, no asset manager or hedge fund divides the asset classes. Please put that in chat. When you guys went to BlackRock, you never heard them say, we're getting rid of commercial real estate even though it's collapsing, part residential or equities. You just figure out the correct allocation based on a return. Put it in chat. It's not one or the other. It is both. It's an old mindset that is antiquated when there wasn't as much quantitative easing. And for my real estate investors, I would argue since you understand comps and comp structure a lot better, you probably will be a better investor in the market because you understand how BlackRock and Vanguard will aggregate and make a fund because you're doing the same thing in a residential neighborhood. But the answer is both, not one or the other. Please.

Speaker 2:
[30:34] Yeah. Okay. Let's talk about the strength of the market. And a few interesting things I saw on Instagram put in the group chat. So S&P 500 relative to M2 money supply is almost exactly where it was at the.com bubble. And then also the S&P, the.com bubble overall chart laid over the current S&P 500 chart is almost exactly the same. So a lot of people are starting to say, this looks a lot like the.com bubble and a market crash is coming.

Speaker 1:
[31:24] With all the kindness and love in my heart, from me to you, from Sandra to you, if you think a crash is coming this year, you're misinformed. Will it come next year? Yes. The great part about my thesis about, people say, why invest in two index funds if they hold the same companies? Tim clipped this up. I've always said for mitigation of risk. Notice when software stocks were down 20 to 35 percent to 55 percent, the S&P was only down 3 percent and everyone was panicking like it was 1999 or 2001. I will say despite the difference between 99 and now, is that companies, okay, think about it this way. I criticize Apple while being at 4 trillion. In 99, you couldn't put six companies together that was half as good as Apple's fifth competitor. The strength of the market is better because the companies are better. Look at Anthropic and despite all the stuff I've said about Sam Altman, that's been revealed in the book that's come out and all the investigative journalism, that company's worth a trillion. Anthropic's worth a trillion. SpaceX, worth it pre IPO.

Speaker 3:
[32:45] Maybe two, maybe two trillion.

Speaker 1:
[32:48] Arguably, right? So the strength of the companies are better than we've seen, and you can't leave out Google, you can't leave out Lilly, you can't leave out. There's a bunch of companies if you go down the list of Dow, the S&P, the NASDAQ that are just are like some of the highest grade of company that we've ever seen. So the comparison would be false, and wishing for a crash does work for you. It does nothing. Even if we, let's say we drop 50%. You know, like if I can be very honest tonight, you know who doesn't give a damn about a crash? The people who've been invested the last 10 years. A 50% drop means shit if you're up 2,500%, 3,000%. Like the people who got an Expedia, an 09, 22, they don't care about a drop. That's why length of hold. Like for you guys, it's already been what, seven years? I don't think y'all selling it in the next three. Why? Because you've extrapolated what the IP is going to be worth in 22 years. So I think everyone who wishes for a crash are only the people who've been sitting on the sidelines.

Speaker 3:
[33:54] I think I'll say this. I'll say that they do care if there is a crash from the standpoint of, great, here comes a new entry point for us to bring in. It's going to be another. Yeah, I think the.com era is hugely different. And I think you kind of touch on it. But when you look at the revenue that these companies are bringing in, that changes it. When you're talking about Apple, NVIDIA, Broadcom, Amazon, Google, you're talking about Metta, trillion dollar companies.

Speaker 1:
[34:24] Sandisk, Micron.

Speaker 3:
[34:27] I mean, Micron is not even a trillion dollar company yet, but we've been in this company since it was 100 billion. It's probably sitting at about 500 billion now. Sandisk is not even at 200 billion yet. There's so much more growth for these companies. The demand has not changed. And we're still at the start of a revolution. I think that's what makes it very different from the.com bubble. And we're going to see every...

Speaker 2:
[34:48] But that was the start of a revolution too.

Speaker 3:
[34:50] True. That was the thing. We had to start at this revolution. But the demand is there. And we're starting to see now companies that are about to IPO that are going to have some of the answers of how we now monetize it. Right. Like I personally just upgrade. Like Claude, the run that they've been on, right? I started out as a $19 subscriber to Claude Pro. I've recently upgraded to a $200 subscriber to it monthly. Why? Because of how I'm using it on a functionality basis. So that starts to tell like, here's a story of how we can now monetize on some of the AI that we're using. Mistral is doing it in Europe. There are more stories coming out. We already talked about Manus and what Meta is doing. The use case is slowly starting to creep into the story. Quarter after quarter, we keep thinking, okay, well, the demand is going to change. The demand is going to change. In every quarter that we've seen, and we're going to see big companies coming up next week, the mega cap companies will be reporting. I know there's some that's going to be reporting this week as well. That hasn't changed, right? We just saw TSM. Demand has actually tripled.

Speaker 2:
[35:56] Well, would you say some of the best companies in human history came out of the.com era?

Speaker 3:
[36:01] A few.

Speaker 2:
[36:02] A lot of them.

Speaker 3:
[36:03] A few. I think and there's more.

Speaker 2:
[36:05] Google, Amazon.

Speaker 1:
[36:07] Google, Amazon.

Speaker 3:
[36:08] Tail end. Amazon for sure.

Speaker 2:
[36:11] Part of the.com era.

Speaker 3:
[36:12] I'm just saying Google.

Speaker 2:
[36:13] It changed the world. It's comparable. It birthed some of the strongest companies ever. It revolutionized the world, started a revolution. A lot of the same talking points you could say about the brand ..com wasn't like NFTs.

Speaker 1:
[36:29] There were a lot of companies that bust the AOL-Time Warner merger.

Speaker 3:
[36:35] But the key is why did they bust? Why? Because of the revenue, right? Were they bringing in revenue quarter to quarter to quarter to quarter? Was there demand for their services? There might have been a demand and it might have been an influx of companies in the.com.

Speaker 1:
[36:49] They were trying to create the demand.

Speaker 3:
[36:51] Exactly. That's the difference, right? So when we're looking at demand, we can clearly see it. How do we see it? Because we're watching it being spent with a lot of these AI companies. There's a reason why Broadcom is now almost a $2 trillion company. There's a reason why TSM is having this triple increase in demand. It's the reason why ASML is shipping out machines to a point where they can't even meet demand at this point. And that's just from the AI infrastructure. If we start talking about energy, if we start looking at the GE, Venova's, I know we're going to talk about a few other energy companies. There's demand there. There's demand for infrastructure. There's a huge revolutionary demand that's happening that makes it a little bit different because of the revenue that's being brought into these companies.

Speaker 1:
[37:32] The question is, why do they bust, though?

Speaker 3:
[37:35] Hey, yo.

Speaker 1:
[37:37] Pause.

Speaker 3:
[37:40] You ready?

Speaker 1:
[37:41] But Rashad, to your point, though, I would argue even in this AI world.

Speaker 2:
[37:47] American pie.

Speaker 1:
[37:52] Yo, I love the show.

Speaker 3:
[37:53] Yo, powered by.

Speaker 1:
[37:58] Mado, we need you. But in this AI era, there's a few companies, I think, that will suffer the same fate as some of the ones in the.com era. If you look, Worldcom was a part of that. Excite, Webvan, Etoys, pets.com, GeoCities, Netscape, who was acquired by AOL. The prominent players that came out of it was Amazon, Google, Nvidia, Intel, Dell, Compaq went under. So you're going to have attrition, like the premise of. That's a lot.

Speaker 2:
[38:33] Look at what you just said. You said Nvidia, Amazon, Google.

Speaker 3:
[38:37] Put an asterisk.

Speaker 2:
[38:38] Intel.

Speaker 1:
[38:39] More death in that.com era and a bunch of money wasted, though.

Speaker 2:
[38:44] There's going to be a lot of death in this era, too. Destroy companies. The cream always going to rise. There was a lot of great rappers of New York in the 90s, but there was 10,000 rappers in New York that never made, that was a bust.

Speaker 3:
[38:57] Is it, is, are you putting it in NVIDIA because it IPO'd during that era?

Speaker 1:
[39:02] Because NVIDIA was not a darling in the 2000s. Right.

Speaker 3:
[39:06] It's not, it's not.

Speaker 2:
[39:06] It came, but it came out of that era.

Speaker 1:
[39:08] It came out of that. You can argue, there were probably four to five great companies versus, I don't know, my math maybe, I think it was 122 companies in that era.

Speaker 3:
[39:19] What are we saying the years are for the.com era? 99, well, 96.

Speaker 1:
[39:23] Let's go 96 to 2000, well, pre-World Trade Center, so 2001.

Speaker 3:
[39:29] Yeah. So then Google doesn't IPL to 2006.

Speaker 2:
[39:34] Right.

Speaker 3:
[39:34] So we don't, Meta is 2012.

Speaker 1:
[39:37] Yeah.

Speaker 2:
[39:37] We didn't say Meta. Meta is a social media company. Google is a.com company.

Speaker 3:
[39:42] But Google is 2006, so it would be IPL after.

Speaker 1:
[39:44] Yeah, because the.com era technically is 95 to 2000. It was like when we were in high school.

Speaker 3:
[39:49] 2001 is like, all right, we're out of here.

Speaker 1:
[39:52] Microsoft benefited, but Microsoft IPO.

Speaker 3:
[39:57] And here's the other argument too. This revolution has helped those dot coms. So a company like Dell. Dell has completely changed their business strategy. Right. And we were talking about this company a year ago. And I said, look, this is not the Dell computers that you thought. This is an AI story now. Right. They're doing the racks. They're figuring out how they're going to manage and utilize AI to the point. Now they hit a 52 week high today. This is that was a company that you wouldn't even think of when you were talking. And now there is a craze. So that some companies will not make it right. We saw all birds saying, hey, we're going AI.

Speaker 1:
[40:37] Must be the bubble recession indicator.

Speaker 3:
[40:42] That doesn't help our argument. Right. When you talk about a company that didn't really move when they were selling their own product, now going into AI. Okay. There's a case there for that.

Speaker 2:
[40:52] And then there's also geopolitical risk that we can't account for. Because Trump is liable, I mean-

Speaker 3:
[40:57] He's liable to do anything.

Speaker 2:
[40:58] The Iran thing is still not settled. They just confiscated the ship today, allegedly. And Iran is about to hold it straight again. And Israel broke the ceasefire. And FBI directors suing for 200 million. And so the world is still crazy.

Speaker 3:
[41:16] Geopolitical, we can't account for. But you can see the maneuvers that are happening to, not offset, but kind to-

Speaker 1:
[41:24] To mitigate a lot of that risk.

Speaker 3:
[41:25] Mitigate it a little bit, right? When you start seeing supply chains getting moved, when you're starting to see infrastructure getting moved, those things are happening. But yeah, I mean, some things are out of our control.

Speaker 1:
[41:34] And really quick, because Rashad, I know you do it. A good tip for everyone here is to ask Chad GPT or Claude, what are the top 100 geopolitical risks that face us until 2030? A lot of people are getting ran into a buzzsaw because you're not researching. Go research. Spend your time doing the work. There's not that many black swan scenarios. There may be 12 or 13 black swan scenarios that can fall in your lap. But the other part is, as the gap between the have and have nots wider, the greatest beneficiaries are the people who own the public equities and the stocks. The gap is getting wider than ever. S&P is at 7,100. I remember when S&P was in the 2,000 range. It's at 7,100.

Speaker 3:
[42:21] Right. Maybe four weeks ago, people were thinking, hey, will this get under 6,000? How have we bottomed? Three weeks later, we've hit an all-time high. NASDAQ is at an all-time high. Longest win streak since, I don't know, what was it?

Speaker 1:
[42:37] 92.

Speaker 3:
[42:38] Yeah, some crazy numbers.

Speaker 1:
[42:39] 1992.

Speaker 3:
[42:40] Yeah, 13th win streak.

Speaker 1:
[42:42] Jordan was in Barcelona, getting buckets last time we had a run this long. Hold for the long term. A lot of you are going to trade your way to poverty, and I'm begging you, if you don't, I'm being serious, because everyone's playing, okay, even, like I know somebody who's like, yo, I'm playing weeklies. I won't say the asset, it went, they lost 150 grand. I'm like, if you gave yourself time, five months, that same trade could have played out in your favor, but the compression of time not being on your side is a terrible thing. And I know it's fun to see the high returns on the trading side, but the foundation has to be the long term, then you go to the swing trading, and then you go to intraday.

Speaker 3:
[43:25] Yeah, I actually went over that a month ago, when I was talking about time decay and how that erodes an options contract, right? When you think about time decay, that's the amount that is going to depreciate on a daily basis. If the stock moves up, it's still decaying. If it moves down, if it consolidates, right? Like we had some Nvidia calls that the time decay just grew and grew and grew because Nvidia just consolidated, consolidated. That short time. Now, like we don't have enough time to get back positive in this call. So you got to take that into account when you're doing a lot of these weeklies or one month, two months out. That time decay is a real thing. So make sure you check that number before you do any calls.

Speaker 2:
[44:06] Yes, sir. How you say, is it Iran? Is it Iran? How do you pronounce? How do you pronounce Iran?

Speaker 1:
[44:15] Iran.

Speaker 3:
[44:16] I think it's Iran.

Speaker 2:
[44:17] Iran? Yeah. Iran?

Speaker 3:
[44:19] I think you rolled the R a little bit.

Speaker 2:
[44:22] Iran. There you go. There you have it. To the Persian community. Talk about the ETF that you talked about on EYL University last week.

Speaker 3:
[44:32] Yeah, man. Shout out to everybody in EYLU again. So memory has been the story. We've been in a number of these companies, Seagate. We've been in Western Digital. Well, I haven't been in Western Digital, but I know a lot of people in the community have definitely have been in Micron since it was, I don't know, a hundred dollars, maybe below that, 87. And definitely Sandis, which is going up, I think, now 1900 percent. So a lot of people are trying to get contracts and they're seeing, well, these contracts are really expensive. Some of them are big boy heavyweights, which means in our community, that means that the contract is over $10,000 for one contract. So it becomes a situation where I can't afford the contracts, even from a short-dated standpoint, right? Because if you look at some of the Sandis contracts out to June, it's $8,000, $9,000. And so we always talk about, OK, well, what can we do and have exposure to some of these stories, these memory stories? And so luckily enough, there was an ETF that was created probably maybe three weeks ago now, DRAM. And it's interesting because it gives you exposure to Micron at 23 percent. But the reason I really like it is because March 24th, there was a story that came out that SK. Hynix, which was the leader in memory. So there's three leaders, right? There's SK. Hynix, there's Samsung and there's Micron. Two of them are from South Korea, ones from the United States. I always said that they're going to make sure that they make American memory great. And that's happened. We see Micron appreciate. We don't have exposure to SK. Hynix just yet, but they're planning to IPO here in the United States. And I think mid-June, maybe late, late May, mid-June. But at some point in the second quarter, they're going to IPO, which gives us exposure to it. Well, if we're thinking that the memory story isn't going anywhere, and all signs are showing that, the demand is still there. In fact, Micron has sold out to 2027. SK. Hynix is building a new foundry in addition to what they already have to try to meet some of the demand. How do we get exposure to it now? We get an ETF, right? So the three allocations, the three leading allocations in DRAM, the ETF, it's a round hill ETF. SK. Hynix, number one, Samsung, number two, Micron, number three, and then it does have exposure for Seagate, Western Digital and SanDisk as well. And so if we can't afford those contracts long term, which they're very expensive, and even the short term, there's some expensive, we can have some exposure inside the ETF. And so this becomes another one of those ways to invest in a company or have exposure to a company without directly taking on the volatility of how those moves. Because if you've been in SanDisk, trust me, you've dealt with some volatility, but if you've watched how it moved over the past six months, you know what, volatility comes from some really high upticks. And we saw that happen over the last six weeks. So drama is one of those that is now in the portfolio because the memory story is still very prominent. We still believe in it. I don't think this will be cyclical. It was what everybody has been saying in that.com era. This was a cyclical sector. Very different now, very different now because of demand and need. Once I see TSM say that demand is going up, that means that entire sector of GPUs, TPUs, XPUs, whatever processing units you can think of, they're going to need memory, all of them. And so, yeah, that's what we covered. And it's relatively affordable. And so, like I said, the ETF just came to the market maybe three weeks ago. So we're watching the volume on it, but we do have some exposure to it.

Speaker 1:
[47:58] All right, don't buy them thirties. That's the only thing I will say. The perk thirties, leave the price alone. Let it settle in both instances. Leave the perk thirties in drama alone, the perk thirties in real life. Wait for the price to settle. Cause some of y'all gonna chase it at 35 and get smacked. I don't want that to happen to you. Wait for the price to fall back and you'll be good.

Speaker 3:
[48:19] So that's, and that's another thing with ETFs. The volatility isn't as great as it is when you invest in some of these individual companies. The reason I really like it, obviously Micron's in it at 23%, is the fact that we have exposure to SK Hynex and Samsung. And we couldn't have that otherwise because it's a company that trades in South Korea and we don't have access to that. So this is the way that we can get access to it before it IPO's here.

Speaker 2:
[48:50] There you have it. Shout out to Cordae. You know, EYL University, we got a thing where if you get 1000% rate of return, you get a green jacket. That's like the master's green jacket. So in the EYL University app, people have been putting their screenshots of the 1000% return that they've gotten. And we're creating a green jacket community. And Cordae, he's an avid watcher of the show. Salute to him. And Joey Badass is an avid watcher of the show.

Speaker 1:
[49:19] Salute to Joey. Joey tap in every week, yo.

Speaker 3:
[49:23] For sure.

Speaker 2:
[49:23] So the green jacket is becoming a thing. And he was like, I might not have got the green jacket on. He did get a green jacket.

Speaker 3:
[49:31] He did get his green jacket.

Speaker 2:
[49:32] But he was like, on another one, he's like, I might not have got a green jacket, but I got a jean jacket. So the jean jacket is 500%, that's 500%. So if you get 500% of the jean jacket.

Speaker 3:
[49:44] It was the rapper, yeah, that was the rapper. I know they're gonna kill me. He said, Drum, DRAM, if you're in that community, yes, but for the people who are watching, Drum. This is Drum, D-R-A-M. Yes, it's DRAM. Yes, I know. Thank you.

Speaker 2:
[49:58] So salute to all the green jacket holders out there.

Speaker 3:
[50:00] That's a fact.

Speaker 2:
[50:02] Congratulations.

Speaker 3:
[50:03] Yeah. And if you didn't put your green jacket percentage, go to the app, screenshot it, show us it, so we can send you the green jacket. Approval and stay tuned.

Speaker 2:
[50:14] We got something special.

Speaker 3:
[50:15] Stay tuned.

Speaker 2:
[50:16] We got something special playing for the green jacket.

Speaker 3:
[50:18] Stay tuned. Numbers on the board. I put my numbers on the board. Stay there. Go look at them. I ain't running from them.

Speaker 2:
[50:25] Tim Cook has stepped down as CEO of Apple. So that's something that I know you've been talking about a long time, Ian, as far as you advocated for him to leave as CEO. So the day has come, he has stepped down. And obviously that's a big, you know, that's big. He's one of the most iconic CEOs of our generation. Apple, one of the most successful companies in human history. It's a new day. It's a new day. A lot of people complained about the innovation, the lack of innovation from Apple. So what does Tim Cook leaving mean?

Speaker 1:
[51:06] I mean, he's a new era for Apple. And I know a lot of you thought from the headlines, I was going to come in and gloat, but at first I want to highlight some of the things that he's done, because if you remember the day that Steve Jobs died, I remember my dad calling me. He's like, yo, Steve Jobs died. How you feel? He knew I was an avid fan. The stock was on a volatile tear. So he brought structure to a Steve jobless company. You got to give him his credit. The first company to hit a trillion dollar valuation, two trillion, three trillion, made that a four trillion dollar economy, 1900 percent return in 15 years, largest buybacks, partner with ICON to kind of get some of those things and order Apple watch services, air pods, and brought legitimacy to a company that was not well respected upon Wall Street before his tenure. As to the innovation part, shout out to everybody that I've had a chance to talk to at HQ today. One of the greatest parts that's tough about being the leader, and you guys talked about it at the top of the show, is the power of relationships. So if somebody dropped me a little anecdote, I know you were on him about not investing in OpenAI and missing out on Anthropic, but what if hypothetically he was blocked from both? Telling he made some enemies along the way that may have prevented him from getting into some of these investments. So greatest operator in our era, for sure, one of the greatest tech executives ever, built one of the best supply chains ever. I think he's leaving Apple in great hands. He's still gonna be executive chairman, which I'll say he should be. And there's even some rumblings. He's positioned very well to maybe even take over as CEO of Nike in a couple of years. Talk about a hell of a turnaround story. That would be if he can leave the legacy and build that infrastructure and take the infrastructure over to a dying American brand. So before I get to my I told you sos, I wanna give him credit, not only for making Apple a legitimate company, but he was partially responsible for a lot of my wealth creation from when I invested in Apple very early. And I think he faced some headwinds and challenges that he could not get over. Now that that's out of the way. From the bottom of my heart, a lot of times people ask me, how did you come up? Even Todd, Todd was like, yo, you work for an agency? I was like, no, bro, like a lot of this stuff is just comes from reading and understanding their life cycle. Like even when I ask you guys media questions, you know something is a hit or not as soon as it's posted. I know I got a hit post when Rashad gets a tap and like early. That's a metric. That's like, oh shit, this is tracking, right? The secret to understanding how these things are going to happen in advance is literally just reading all day. I said it earlier, the other part is prayer and discernment. You guys have it, right? We've met a lot of people that have it who can see things. But some of you are asking, how do you get the secret? You have to do the things that you need to do every day to be able to get an edge in this market and a great part with all this information, with Claude, OpenAI agents. The crazy part is we have more agents available than ever to help you do all the research and I still see people not doing the research. Not those, Red Panda, not to the earners, but I see a lot of people who are not doing it. I think it was time for him to step down. I think there were a lot of challenges that he faced, especially with this administration that were weighing on him. I think he's leaving that seat to a very responsible person who's going to take Apple to another level and who will be able to get some deals done that he wouldn't be able to. So kudos and salute to Tim Cook for leading Apple and stepping down.

Speaker 2:
[55:35] No, but you was also very critical of his leadership. You were very critical of his leadership and the lack of innovation, and you were very vocal.

Speaker 1:
[55:49] And that was the first one on Earth to say he should step down. Absolutely.

Speaker 2:
[55:53] No, no, I got that.

Speaker 3:
[55:54] Kudos to you.

Speaker 2:
[55:55] But let's talk. You gave the respectful eulogy, but let's talk about- That's not eulogy.

Speaker 1:
[56:00] He's going to an elevator stage, chairman.

Speaker 2:
[56:04] No, no, I got it. I got it. But let's get to that.

Speaker 3:
[56:08] They want that same energy.

Speaker 2:
[56:09] Let's get to that part of it.

Speaker 1:
[56:12] What's the question? I'm learning. I'm an expert, but what's the question? Hey, team, before you start the clip.

Speaker 2:
[56:26] What were you unhappy about with Tim Cook's leadership? Why did you think that he should have stepped down?

Speaker 1:
[56:34] If you're the number one, I think this is a common trait that we all share. All of great leaders share this. I think you have to have an endless amount of paranoia for losing your number one spot. Tim got comfortable. Where was he blocked? So let me go to some of the achievements. Apple Watch, AirPods, amazing. Apple Vision Pro failure, Apple Pay Great, Apple Music, Apple TV, iPhone X, iPad Pro, acquisition of Beats from Dr. Dre. Siri. Yep, Siri, amazing innovation.

Speaker 2:
[57:05] But y'all said Siri was the worst AI. No, no, no, no, no. Both of you said that Siri was the worst AI shit.

Speaker 1:
[57:12] You asked me a question and you're going to let me finish?

Speaker 3:
[57:13] That's why you said he's not happy with him.

Speaker 2:
[57:15] I'm going to do this, I'm going to do this. The way that you said it was in an enduring manner of like, that was an achievement.

Speaker 3:
[57:21] No, no, it was on his jacket. That's on his resume, right? But it's also the reason why you're not, the real reason, listen, they didn't.

Speaker 1:
[57:31] No, no, no, no, no, no, no. Let me have my little circle. Okay, now I'm gonna give you the shit that you want. He didn't fucking innovate and get 59% of open AI and 30% of anthropic like Google did. Okay, you want me to be like, that's another jacket, all that. Okay, cool, I got you. He fucking failed to do whatever he needed to do at HQ to get significant investment. He missed out on SpaceX, anthropic and open AI. That's a huge mistake in addition to while being one of the greatest operators in the history of Silicon Valley. You thought Steve was toxic. How many people do we know that worked at Apple that have left because they're not happy with the current condition of the company, the innovation, work-life balance or the migration of growth in the stock alone? For those you don't know, a lot of senior people at Apple have left to go to fucking Netflix and Meadow and Anthropic. They're all over Silicon Valley. Open AI. Open AI. They're losing some of their luster. Now, of course, they had roadblocks from this administration. But some of it, like when people kept saying, well, Apple isn't the first to market, that's not always true. They are selective in which they're first to market in. I also think, shout out to my guy Drew, we've had this conversation endlessly in Red Panda. We're doing the trading calls every day. The innovation behind Samsung, even when I said Open AI is going to be the iPhone, that's panning to be true because Samsung is one in smartphones. Apple smartphone is losing its luster and market share. So when you miss the biggest investment opportunity that will integrate seamlessly into your operating system, whether it's your phone operating system or Mac OS, if you look at ChatGPT and Johnny Ive leaving, even that, you notice that there is almost no mention or reverence of Steve Jobs except that fucking theater they got over there. That's telling, that's telling that Johnny, who was right hand to Steve, went right to Sam to make the next product because him and Tim were not getting along. It's a fucking mistake. Empires are falling, General Electric fell apart, World Commerce fall, I'm old enough to remember when AOL was the biggest thing on the market when it went public and it fell apart in a Time Warner merger. In all of these scenarios, they took their foot off the gas and got comfortable and stopped innovating. And then here comes the video, empty. Got a whole laundry list of companies. When I see these market caps and valuations change quickly, I'm like, how did you miss on drafting them? At one point, Apple had enough cash to buy the majority of the Fortune 500. You put it into bonds. That's why I'm mad. And it's cost me greatly. Cost me some relationships there. Got my fucking account locked, but I'm gonna tell the truth above anything else. To the audience, I'm gonna say, listen the first fucking time.

Speaker 3:
[61:01] Listen the first time.

Speaker 1:
[61:02] Listen the first time. You don't have to.

Speaker 3:
[61:05] This was, the writing was on the wall. I'm glad you said it early. Because after a certain point, the AI lag story, it was so overwhelming that I almost felt it was intentional. Well, I remember being on here saying, you know what, maybe they're smarter than we think. And maybe they're just doing this intentionally because they're watching everybody spend and they have this boatload of money and they're just waiting to figure out what to do with it. And the longer that that story played on, I realized that maybe that wasn't the strategy and they should not execute, which speaks to what history, and this is important in relationships too, understanding your strong points and understanding your weaknesses. Right. So for all the innovation that jobs add, yes, there were some innovation breakthroughs.

Speaker 1:
[61:51] There was a ton of innovation.

Speaker 3:
[61:52] The OS is great. And services is his thing. And so when I look at him, I think two things. I look scale and I look operations, right? Because you did take it from a $350 billion company to a $4 trillion company. That talks about scale, operations. Yes, the hardware was created, iPhone, the iPad, all those things. And now how do we make money inside of those devices? You get the App Store, you get iCloud. So he's put those things in place. What he lacked, and this is, I mean, it's interesting that John Turner is replacing him, is innovation engineering.

Speaker 1:
[62:29] And hardware. And hardware.

Speaker 3:
[62:30] So he couldn't figure out how you're going to integrate AI into hardware, right? Siri's... We saw Siri, and this is...

Speaker 1:
[62:40] It's the worst AI product probably in the history of value.

Speaker 3:
[62:43] It is. And the fact that they couldn't figure it out, they tried with the Vision Pro, it didn't work. There was rumors of the glasses. They never came to fruition. Then we started to see them replicate what was already being put out. That now wouldn't see innovation happen before they were created. And so it just became, you're following, y'all following. We saw Samsung put out the devices and it's like, oh wait, we've already seen this. The innovation has stopped. And so this is more of a succession and I appreciate him stepping down because he's realizing that this is not my strong point. Well, let's put somebody who's in there. So where does John Turno's come in? He is the Senior Vice President of Hardware Engineering for Apple. Straight up, right? What did he do? He did one of the most important things in the history of the company. He said, you know, that that that CPU, that company that we used to use Intel, we're getting rid of them. We're going to create our own chips. Yeah, right. The M1 comes under his watch. Products and services become more operational, more functional under his watch. So he understands innovation. He understands integration. He understands hardware, meeting AI. That's where he missed the mark. And did he take his foot off the wheel? Probably. Right. But he brought the company to where it is now. And now somebody else's turn. And so the moment that we're at now, and what does this mean for the stock? I think Apple is still going to be Apple. Right. You got to have a new leader. But they have an opportunity here now to say, okay, this guy has brought us to this point with his strengths. Let's bring somebody in who now can take the next torch of the revolution of what Apple will be. How do we integrate AI, which is going to lead us and is leading now, and integrate it with hardware that can be beneficial, that can be innovative, and that can lead us into the future, rather than seeing Google continuously do it, Samsung continuously do it, right? Huawei, continuously do it. When are we going to have our story? I think this is the moment where they start that story.

Speaker 1:
[64:48] Rashad, you satisfied?

Speaker 2:
[64:51] Appreciate it.

Speaker 1:
[64:52] Good cop, bad cop. And I will say this, I think he's going to do a great job in handing off tenure and having an amazing succession plan to Apple. And I think Apple is going to see some of its brighter days. And the great, great part is outside of maybe his leadership style, there's a bunch of incredibly talented world-class people who are at HQ that have some amazing ideas. I hope they get to get off the ground.

Speaker 3:
[65:20] That's what this is really called. It's like, what is the next-gen innovation that Apple will bring to us? It's the most trusted brand that we have. We still trust it. People, I mean, the products that are sitting on this table, the majority of them come from that company. We trust the brand. But what does innovation look like? How do you skew younger? How do you get more people? They put out that MacBook, the new MacBook. I mean, it was cool.

Speaker 1:
[65:46] It's cool. But I remember when having an Apple, I remember 2001, Indiana University. I remember when Ty and Kel Spencer from Jersey had the iPod with the touch of some shit. And it was like a luxury item. It was like Cartier's on college campus. Having an Apple was a status, I think they could have even think about this. The greatest opportunity for Apple right now still is agents. It's a lot of talk about open claw, perplexity. The average person doesn't know how to set that shit up. Keys had an amazing episode. The main thing, hey, how can I get the prompt? I don't know what he's talking. I set this up. It's like, damn, he's operating at a different level. There isn't one operating system you can plug in now where you can just enter, hey, do all my work for me for the day. That's the innovation they were missing. With all those good, go ahead.

Speaker 2:
[66:44] Well, I think that they have a clear advantage on that because they have all of the information, all the data already. They have the calendar. They have your email, iCloud. They have your, how many steps you walk a day with...

Speaker 1:
[67:00] It was a huge opportunity.

Speaker 2:
[67:03] They got the map, the GPS map. So they're in prime position, but I mean, they're up 100% over the last five years, the stock. So all you guys do is just, it's Brock Perti. This is what we call Brock Perti.

Speaker 3:
[67:17] You think it's Brock Perti?

Speaker 2:
[67:19] Game management.

Speaker 1:
[67:20] No, we need game exceptionalism.

Speaker 3:
[67:22] No, no, no. They can't do game management. They're gonna get left behind doing game management. Game management don't win chips.

Speaker 2:
[67:29] No. Game management.

Speaker 3:
[67:30] It's never won chips.

Speaker 1:
[67:31] No.

Speaker 3:
[67:32] Unless you're trying to deal with it.

Speaker 1:
[67:33] We need exceptionalism. That's what they're looking for.

Speaker 3:
[67:37] That's what you expect. That's what you expect.

Speaker 2:
[67:42] In order to have exceptionalism, you gotta be exceptional. No disrespect to this brother. This new CEO.

Speaker 3:
[67:48] Oh, okay.

Speaker 2:
[67:49] But there's only a few, there's only a few exceptional people in the world, and that's why they're exceptional. There's only a few Mark Zuckerbergs. There's only a few Jensen Wines. There's only a few Steve Jobs.

Speaker 1:
[68:01] There's only a few Taro Stambergs. The right, what made, also what made Steve Jobs incredibly great was when things started to bounce, was having Tim at the right side. Tim was a master of operations. You need a master counsel around you. It's not a...

Speaker 3:
[68:21] No, I was gonna say, here's the cycle, repeating itself, right? We had the innovation that led us. Operations came behind it. We need new innovation. They teased the new products. We didn't even talk about it. I sent it in the chat. There wasn't even a word. Nobody was impressed. That's a problem.

Speaker 2:
[68:39] The AI agent should be their primary focus.

Speaker 1:
[68:42] That's the first thing I would let on.

Speaker 2:
[68:45] It shouldn't be relatively too difficult because they could probably have the best one on the market in a relatively short period of time.

Speaker 3:
[68:52] But the cost, the cost that goes into that, can they produce? They're going to have to spend.

Speaker 1:
[68:59] They have the capital.

Speaker 3:
[69:01] So, but then they got to deploy it, right? And if they deploy it, they've watched the reaction to cap expense from all their competitors. Look what it's done to Metta. Look what it did to Microsoft. Think about that. Think about what it did to Google. Yeah, every look at what it did to Invit. Every time a mega cap company says, hey, we're Amazon. Same thing. I know they're rebounding now. We're spending more because we see the demand. We can see where the future is headed. Apple has never participated. They're not even part of the CapEx story.

Speaker 1:
[69:32] Yep. Listen, Apple could spend 10% of the cash that they have in the coffers, spend 6.9 billion and not blink. They got 66.9 billion in securities, bonds and cash sitting. You're not Buffett. Deploy that shit.

Speaker 3:
[69:53] So that's, maybe that's what he come, maybe that's what he's coming to do now. We're like, well, look, we have ideas. We've got innovation. I've saved the company a lot of money, right? By getting rid of Intel. We're going to do this ourselves. But the problem is that method has worked for Google because they have other pieces of the puzzle.

Speaker 1:
[70:12] And play that they developed and yup.

Speaker 3:
[70:15] Right. We're going to partner with Broadcom to get these TPUs out. Apple hasn't participated in any of that. So who's using M1 chips? Apple is. Anybody else? Who have they partnered with?

Speaker 1:
[70:28] I get keeping it in the house. And also too, I'll say, I won't speak much on it because I think Tim should have did a better job in managing their relationship with Jensen and Zuckerberg. There's a lot of talk about beef and drama. We don't talk enough about the tech CEO beef. Tim had too many kerfuffles with too many prominent CEOs. And also they're going to get their revenge back when they sat at the table with the president. His political leanings were not favorable to Trump, but Trump knew he was needed. But it also cost Apple a lot as well, not playing well with the other tech bros. Fell behind.

Speaker 3:
[71:08] Fell behind new markets. We'll see.

Speaker 1:
[71:12] And if y'all don't be in the uproar the next time somebody go take my talking points to CNBC, man, I was mad as hell seeing a little dude talking about Tim Cook needs to be fired a year after I said it.

Speaker 3:
[71:23] There's a pattern happening here.

Speaker 1:
[71:25] For sure.

Speaker 3:
[71:26] We still bullish on Apple?

Speaker 1:
[71:27] Huh?

Speaker 3:
[71:28] We still bullish on Apple?

Speaker 1:
[71:30] Yeah, listen to 2034.

Speaker 3:
[71:33] Yeah, I'm with you. I'm still bullish on Apple. Shout out to my man, Dan Oz. He said, new price target, 370.

Speaker 1:
[71:42] For sure. And the great part is he doesn't have as much press to worry about in the interim. He isn't a global icon like how Tim is. He'll be able to focus on the operation internationally and get an Apple back to his lore.

Speaker 3:
[71:59] Or he could be a Jassy and just kind of...

Speaker 1:
[72:03] But it's different because Jassy has margin constructions and the story on the lovability of Amazon is slowly changing due to work conditions. Apple has incredible margins, so they'll be able to...

Speaker 3:
[72:16] Yeah, the margins are completely different. That's fair.

Speaker 1:
[72:17] Completely different.

Speaker 2:
[72:20] Let's talk about market manipulation.

Speaker 3:
[72:22] Alleged.

Speaker 2:
[72:23] Has the market become immune to the manipulation?

Speaker 1:
[72:31] Absolutely. I think even when people say you don't know what Trump is going to do, if you act as a world-class investor, tell me the list of business kerfuffles Trump has had since 1972, and how would they approximate to how he's leading in office today? Claude will tell you every scenario for how this war, China, North Korea, South Korea, breaks can go. It goes back to doing the work. I know it seems like I'm kind of pulling things out of air at times, but it comes from a lot of preparation. So, and the other part is, people only care about the manipulation if they're not benefiting from it. A lot of people are saying, okay, there's market manipulation, because they want to find how to get in on the manipulation themselves, going back to capitalism that I talked to them last week. So, it's priced in. I keep saying, the market is permanently rigged to stay up due to quantitative easing, automated investing, BlackRock, Vanguard, and then people want to fight the trend. Don't fight the trend, you just have to be a part of it. But they priced it in. These moves are so predictable now. And Crude, ES, Nasdaq, they almost are matching and rhyming each other week by week now. So, I think the market is falling and they priced it in.

Speaker 2:
[74:04] I do think that at some point, Tom, when he's no longer... We've never seen market manipulation this obvious and this blatant before. And it's going to change the market. Because when the Democrats get back in power, they're going to implement new rules, regulations on stock trading, on government... It is going to be a whole list of new regulation and rules for stock market trading because we've never seen the blatant disregard. Like, Poo Shastie was disrespectful in his probation. He was very disrespectful to his probation officer about the things that he did. Trump is blatantly disrespectful. It's one thing to manipulate and do these things, allegedly. There's another thing to just be blatantly disrespectful and have no regard for any SEC law, anything. We've never seen this before, ever. Never, never.

Speaker 1:
[75:05] No one has. He could argue 1929 was worse. I'm not doing it for the first time.

Speaker 2:
[75:10] Modern history. There's going to be repercussions, and there will be changes to stock trading and investing when the Democrats take office.

Speaker 1:
[75:24] But they front-run it, they're 25, real quick Troy, they front-run it, they're patent, they're trading the rule as a result. And truth be told, if we're going to be honest, they may change the margin required. They're not going to change the structure that is the NASDAQ or the New York Stock Exchange because a lot of their networks and liquidity are tied into it.

Speaker 2:
[75:46] Well, here's the thing, here's what, they're going after prediction markets. Yeah, for sure. They're going to go after prediction markets. That's true. Prediction markets, they definitely 100, that's the first thing they're going to go after is prediction markets. Because that's the easiest thing to manipulate. Because you don't even have to have a company tied to it. You could just literally make a bet on something. I 100 percent, prediction markets, I don't think in four years is going to be anywhere close to what it looks like right now.

Speaker 3:
[76:15] I think it's worse. I think it's worse. But I agree with you. I had this conversation today. I think somebody is going to, or a bunch of people are going to be, this is going to be a criminal charge at some point. Because like you said, it's beyond blatantly disrespectful. It's obviously disrespectful when you have people that are making bets that are investing or trying to invest in things prior to them happening in the market because of the knowledge that they have. I mean, we spoke about this when we were talking about Congress to have an insider trading because they're passing bills for some of these companies. And that felt really, really like unfair. And now you have the president saying, like, the Dow is going to $50,000. Oh, the market is going to have a great day today. Things like you just it's unprecedented and it feels criminal because it is allegedly. But I think it gets worse. I think it's worse because I think the point that you're making, the rules will change. And I think that retail investors, we've adjusted to it. We've adjusted to the pattern of ridiculousness to us. In a sense, we've adjusted to it. The rules change, we learn the rules, we figure out how to play. The rules change, we learn the rules, we figure out how to play. They won't interrupt it because they're making money.

Speaker 1:
[77:36] They're making so much money off of it.

Speaker 3:
[77:37] They're making so much money that they'll try to change the rules, but they won't jeopardize themselves making money. I think greed is always at the root of it. So I think it gets worse.

Speaker 2:
[77:48] I think they will definitely interrupt it because it's going to be one of the key things that they run on as far as anti-corruption. And just think about it. They were making money off cigarettes at one point. Everybody smoked cigarettes. They had commercial. They used to have commercials with doctors.

Speaker 1:
[78:02] Or doctors on cigarettes.

Speaker 2:
[78:05] And then it just got to a point where they was like, look, we can't, you know, just, I'm sorry, but it got to go. And they killed the cigarette industry.

Speaker 1:
[78:12] And what if those cigarette companies turn into, they turn into food companies?

Speaker 2:
[78:15] No, no, you're always going to rebrand, 100%. There's always going to be a rebrand. I'm not saying that. You can't stop the money.

Speaker 3:
[78:22] Yeah, they're going.

Speaker 2:
[78:22] You can't stop the money. But they are going to target prediction markets.

Speaker 1:
[78:27] For sure. They can't mess with the urgency of Dow.

Speaker 2:
[78:32] When they come into power, because they are going to come into power. For sure.

Speaker 3:
[78:35] They'll try it by state by state. And that started to happen already. I know Utah senators are trying to figure out a way to curb it because they said there's no gambling in the state and technically it's not gambling, but I mean, it has some similarities to it. So state by state, they'll try to do it and it'll be a state that says, you know, we're not going for that. We're not going for that. Then it'll be somebody saying, hey, I'm going to turn my VPN on, I'm being that state. It's like what they did with sports betting. I remember when DraftKings and Fandu came out and New York would not allow it, but New Jersey did.

Speaker 1:
[79:09] All right.

Speaker 3:
[79:10] Well, let's get the VPN. We in Jersey. And you know, too much money to not be part of it.

Speaker 1:
[79:16] We got to make it legal and here comes Robin Hood to save the day. But there we go. To stabilize the prediction. They'll probably be the vanguard of the prediction markets.

Speaker 3:
[79:25] We need to have a company that we can say that we trust, a company that has been vetted, a company that has been here. Okay. We'll let them do it on that.

Speaker 2:
[79:35] Okay. Well, we'll see. We'll see when Mondani becomes president. We'll talk about it on Blackout. We'll talk about it on Blackout.

Speaker 1:
[79:44] Great prediction. Great prediction.

Speaker 3:
[79:47] I got to go to Polymog and see the odds on that.

Speaker 2:
[79:49] Speaking of Robinhood, talk about Robinhood's recent stock rise.

Speaker 3:
[79:54] Yeah. Robinhood was a company that was, when we did our top 10 companies of the year, it was, I think it was number 10 for me. Because of, number one, relationships. We actually sat down with the CEO on a few occasions, but the most recent one, we had had a conversation prior to the interview. And he didn't say things, but he implied things that made me say, let me go and do some research on what he's talking about, the technology that they're coming out with, some of the things that they have in the future. So I went and did my own research. And so you've seen Robinhood have an uptick here. There's a couple of reasons. Number one, they were announced as a company that's gonna lead the technology for the quote unquote Trump accounts, which means that every kid that is born in 2026, going forward, has access to $1,000 inside of a brokerage account. Now that can be added to throughout the year. So you figure you have an embedded customer base for the next 10 to 15 years, however long they allow Robinhood to do it. I know BK Mellon is underwriting it as the bank. So that's number one, right? That new customer base that's been there. Then you think about the existing customer base that they already have. When you talked about young retail investors, what brokerage are they using? Overwhelmingly, when I talked to people who had just started, they're the common theme. I'll be honest with you. Most people, like I use E-Trade, I use TD, right? I have Fidelity. I don't even have a Robinhood, but I see that most people that have just begun or under 30 are using Robinhood. So you have the existing corp audience, you have the options trading audience, but if you haven't watched, Bitcoin slowly coming out of that 67 to 72 range, got up to 72,000. A large part of how Robinhood actually grows in its revenue is from that Bitcoin trading. And so Bitcoin takes up, you'll start to see Robinhood take up. You add into it its number one revenue source, which is options trading. You see the market take up, Nasdaq hit its all-time high, S&P hit its all-time high. You're watching Robinhood grow. The other part is predictive markets. They had a 300 percent increase in predictive markets in the first quarter. They're going to be reporting their second quarter results. I think in the next couple, probably next week. So we'll see how predictive markets performed. Obviously, you had a lot of things going on in the second quarter. So you're starting to see Robinhood, which was trailing on a downhill trend down to 67. Like, all right, I'm watching it and I'm watching it. Here's this 400 day at 70. It went over, it's 400 day, not 200, it's 400 day. It reclaimed it.

Speaker 1:
[82:30] Perfect.

Speaker 3:
[82:30] This is the time we got to get it, so we bought some calls on it. And again, this is why, going into the year, I'm looking at it saying Robinhood is prime to do something here, and it looks like it's on a nice rebound here.

Speaker 1:
[82:42] Yeah, I love it. I love it. I've never changed my stance or position. Once again, hold for 10 years, you'll be good. I think they are at a prime position over the next few years to do incredibly well as a result. So even though they've had a deep dip, I think they'll be A-okay. I do want to address something too really quick that was said in the comments about Martha Stewart. She went to jail for inside of trade. The Trump will suffer the same fate. Martha Stewart went to jail for lying about the information that she was given. That's why she was charged. Also, we're inside of trade and if you file the information in a confidentiality reports, you can escape some of these things as well. So will they change the landscape of it? Yes, but I think over a certain dollar amount. Like even if you look at the private credit issue, you don't know who's currently trading that because the volume or the dollar amount needed to trade that asset on the short is a lot. So I think maybe a few people in the administration probably will be charged, but the majority of people who made the line share the money, they're not going anywhere. That's the part about capitalism that sucks, is that capitalism protects the capitalists through lobbying.

Speaker 2:
[83:56] I think they're going to go out to his family for sure. I forgot Mondani wasn't born in America. Yeah, I guess he can't run for president then. Maybe that's why he said he wasn't going to run for president. Well, there goes that. But Democrats are in trouble.

Speaker 1:
[84:11] You're in trouble.

Speaker 2:
[84:15] I think they're going to go out to his family. Charlemagne made a good point as far as at one point in time, Germany had a denazification. So after, they went extra hard to really purge themselves of all Nazi remnants, people, sympathizers, all that. I think you're going to see a demagification of America, and everybody's going to be on the other side of this thing. And they're going to go after Trump. It depends. If they get Gavin Newsom, I think he's going to do it. I think Gavin Newsom is going to run a hard line. Huh? No? Not again.

Speaker 1:
[85:01] It's not that I'm a fan, but it's really hard to run a country when you can't answer while the homes that burned down a year ago still not up. It's a tough answer to give. And if you're leaving...

Speaker 2:
[85:16] A bar of entry of running countries have dropped drastically.

Speaker 3:
[85:20] That's true.

Speaker 2:
[85:22] It's a pretty low bar these days.

Speaker 1:
[85:24] On one side, not both sides.

Speaker 3:
[85:26] He's going to get charged and he's going to claim dementia. And I mean, he's going to be 81 this year, 82 this year, whatever holiday he's going to be. He's got to, he's made enough money. I mean, this is the thing with making so much capital, is you can fight. You got capital to fight it. Made nine, 10 billion. You're going to fight this. But who won't be safe is some of the younger offspring. For sure.

Speaker 2:
[85:55] I mean, when the government, it's hard to fight the government no matter who you are.

Speaker 1:
[85:58] I mean, that put all the cronies in position.

Speaker 2:
[86:02] And that's why they get erased. And now they, and that's what you call said that. Who won't we said that? He's like, damn it, if Democrats win, I'm going to jail. Who said that? They said it at the convention. One of his top guys. He was like, if the, put it in chat, who said that? He was like, if the Democrats win, we're screwed. We're going to jail. He said it. They said it. People will laugh.

Speaker 1:
[86:28] And this New America Party, that would be the deathblow. I'm looking to see, people really don't understand how big that Turner Point USA movement was. They're like the angel investors of that political side of MAGA conservative nation. If Tucker and a few of them get together and start fundraising, it's going to be bad for MAGA. I think a lot of the infighting is going to be what brings that down.

Speaker 2:
[87:00] Yeah. Steve Bannon, that's who said it.

Speaker 3:
[87:02] Steve Bannon, wow.

Speaker 2:
[87:02] You know what Steve Bannon said it? He was like, if the Democrats take over, we're going to jail. He said it. He said, we're going to jail.

Speaker 3:
[87:11] But then he won and he dropped all the investigations on him, right?

Speaker 2:
[87:15] No, no. He said this recently.

Speaker 3:
[87:16] Oh, I thought he was already facing charges before.

Speaker 2:
[87:18] I know, but that's why he said it because he got off. So he's like, look, if we can't let the Dimms win, like if they take the house, if they do this, that's why he's like, no, like if they win, we're going to jail.

Speaker 1:
[87:32] You know what one of Steve Bannon's biggest investments was in history?

Speaker 2:
[87:37] What?

Speaker 1:
[87:38] The TV show Seinfeld.

Speaker 3:
[87:45] Imparabilities on that? Symmetrications, crazy.

Speaker 1:
[87:52] Just read, the most fascinating thing are, just go down the rabbit hole, and a bunch of different, you'll see cross-pollination of audiences.

Speaker 3:
[88:00] The cross-pollination. That show ended in 97, and it made, I think, an average of $70 million a year for 20 years, 30 years.

Speaker 1:
[88:08] 27 years.

Speaker 3:
[88:09] It was ridiculous.

Speaker 2:
[88:10] Jerry Sarfo?

Speaker 3:
[88:11] Yeah. He was the highest pay. His show had been off for 20 years, and he was the highest paid person on TV.

Speaker 2:
[88:17] Was he dating his daughter?

Speaker 3:
[88:18] Nah, nah, nah, nah, nah, nah, nah. We can put that on the jacket. Nah, nah, nah, nah. Yeah. That's too up. Yeah, that was Woody.

Speaker 2:
[88:29] He did something. Starfo did something.

Speaker 1:
[88:31] Allegedly. Allegedly.

Speaker 3:
[88:34] I don't, yeah, I'm not sure. I'm not sure on him.

Speaker 1:
[88:36] Allegedly.

Speaker 2:
[88:39] What's the S&P 500 entry level?

Speaker 1:
[88:46] Y'all want to entry to the Spire or no? Put it in chat. Yes, if in chat. If not, we can skip and go to the next subject. Let me see what the response is first.

Speaker 3:
[88:56] I was going to say we we told you it already.

Speaker 1:
[89:01] I can't be so demonstrative every time. I got to balance out the the good cop, bad cop. My next entry I would like would be 658.80. If you're looking for a quicker entry and then if we get a significant pullback in a couple of months, I want to get in a 620.84. That'll probably land, could land around the summertime. So those are the two levels I'm looking to get in. For everyone who kept saying, I'm looking for crash, I'm looking for crash. We had one in the last two months. The market pulls back every week. If you look at your weekly chart for your entry, you can use the 72, 200 day, 400 day, as I've talked about and given away before. So if you want to be able to do it on your own. But the most important thing that you can do for your account and your portfolio is just to automate your investment for when the market drops 10%, 8%, 7%, just to automatically invest in the market so you don't have to think about it. So, the shit is easy if you listen the first time. From the bottom of my heart with love. Investing is easier than ever. This isn't, this ain't 1990s, where it was gatekeeping. We didn't know what to invest in. It's easier than ever to invest. It's up to you to deploy the capital. Automate it. Automate it, please.

Speaker 2:
[90:19] Please. Yes, sir. Allegedly. Okay. Let's talk about war, recession, risk. Is there a war, recession, risk?

Speaker 1:
[90:38] I don't think, the 2027 crash is real, but I don't think this war is going to be the reason why we get pushed over the edge. A lot of people keep saying this is similar to 2008 and 29, and the circumstances are different. And then also there isn't as much money. Like in 2008, there wasn't this much money automatically flowing into the market. So I don't think that the war alone is going to be it. There's more people looking to profiteer from the war and from the market being down than there ever was before. That's not going to be it. If this AI trade in that bubble pops and they begin to reveal some truth, like I'm looking at the datacenters being slowed down, which they should for the environment. And if we start to see some of these companies go from 55% down to 80% and then some truth starts to get revealed, I think we can have a fragile moment where we have a real crash. But the war alone won't cause the recession. It's going to be a combination of factors or a combination of swans that hit at one time.

Speaker 3:
[91:49] Yeah, this is, you have to remember that the market is always forward thinking and forward guidance. And so the conflicts, the wars, yes, short term pain, but not sustainable throughout the history of the market. In fact, CNBC put a great article out today about the past 30 years of conflicts and what they've meant to the market. On average, this is on average, the S&P has netted a 1% return on average. 30 years of conflicts from the Gulf War, Desert Storm, Coastal War, Afghanistan, Iraq, ISIS, Ukraine, now Middle East, 1% return. On average, the market is forward thinking.

Speaker 1:
[92:41] I keep telling you, selling fear around a big collapse is to sell books and to give you a ship. That's not what the real money is made. The real money is made is buying, doing those deep trenches and the times when the market has fallen apart and hold them for long periods of time after that five to 10 years. That is the literal cheat code. So, even a 27 crash, it will probably be a short lived crash. It may be six months, three and a half months, if that they're going to pump the money back into the market to rise up the valuation of these companies.

Speaker 3:
[93:21] What do you think the impact of the new Fed chair has on the chances of recession? I think he just starts his interview and process, I think starts this week or next week. And everybody is assuming that rates are going to drop. What do you think there?

Speaker 1:
[93:42] If he has Cajones and Hutzba to stand up towards who has appointed him, I think it won't be as bad. If he doesn't, I think it's going to be a bloodbath for the time that we do hit it. But that private credit market hit, and people keep forgetting this. I keep bringing up the private credit market. Most people don't know that the private market asset is hidden into your 401k, up to 20% of your allocation depending on which 401k you're in. So it can be that. Treasury market issues, like you said, the Fed leader, AI thing popping, and that ends that cycle of spin. That's the only place where Apple may be able to benefit, is just wait and see and let every asset burn down and buy it at a cheap price. But it's gonna have to be three or four of these things that hit at the same time. It's not gonna be number one, it's not gonna just be one thing. There's too many levers in place by the Fed and international banks to stop these things from causing a global recession. Are we right for one? Yeah, but even with the commercial real estate, commercial real estate is in freefall. It hasn't, like remember when Silicon Valley Bank went under, there are a bunch of smaller banks that are on the brink of collapse, but they're printing money into those. So, and also to my last point, stop begging for people to die for you to get rich because you too fucking undisciplined to invest now. You want a collapse to happen so that the value of the dollar in other countries goes to half of what the notional value is so you can get 25% return. You just get the return now. Too many of you are waiting for like a end of the world scenario to take advantage of the market when it's like you can get 25% return now in a great company. Today, we're not fucking 2002. It's not 1991. This market is easy and it's more assets than ever. You don't have to be a value investor. There's a bunch of like this probably if you want to beat the market and get 12% return, there's probably 150 companies you can easily put your money into and get 13% return. It's been a long time since that kind of market has been there. One of the best in history. Start waiting for global collapse to invest. And the truth is, if the market goes to shit and 27 happens, you're not gonna put 100 grand into the market. You can lie. No, you're not. No, you're not. No, you're not. It sounds good. No, you're not.

Speaker 3:
[96:26] It does sound good. Most people think they would and they're not going to.

Speaker 1:
[96:30] Y'all gonna freeze up the same way y'all do when y'all see a bad bitch in Miami. You're not gonna deploy the capital. I'm not playing with y'all, y'all.

Speaker 3:
[96:41] Yeah, it is a unique time. Like I said, Round Hill, and we talked about it earlier, they literally created a new-

Speaker 2:
[96:46] Shawty, you see her over there?

Speaker 1:
[96:47] Shawty, Troy, you see it over there? I see y'all doing it at InvestFest every year. Same shit. Yo, when the market gonna crash, the shit crashing, why I'm on stage, buy now. Oh, I don't know, I don't know. What if it don't go up? Okay.

Speaker 3:
[97:01] 500 on the line.

Speaker 1:
[97:02] Then you be like, yo, I need a loan. I loaned you the stocks to buy. Respect back hop, media trainer. You don't want to do it.

Speaker 3:
[97:14] When you said there's no time like this, you're talking about RoundHut, they literally created an ETF because they watched this memory sector go insane and said, look, we gotta have in on this and created an ETF for you to now invest in. Like that, it's like, hello.

Speaker 1:
[97:32] I gave you all the prices. Yo, I don't know about the assessment of NVIDIA last year, but okay, you deserve to be broke. This is non-compassion inside of me, because when I started, you had to search high and low for this information. You get the shit, like, dog, I'm beating most fund managers in returns. For free. They be like, oh, I can't believe it. You charge $2,000 off a stock club, I can't believe it. The motherfucking show free. Listen the first time, I don't need no brand deals. Listen the first time. When you go get a payment plan for Redbond, I do this shit for free. And that's it. Back to you, Troy and Rashad.

Speaker 3:
[98:16] To freedom.

Speaker 1:
[98:20] I can't believe you are charge of the contract for information you can easily find on Investopedia. Shout out to Caleb. That's my guy. Y'all ain't gonna do that. Go ahead, we'll go on Investopedia. Caleb will be on the show too.

Speaker 3:
[98:32] Shout out to my dog.

Speaker 1:
[98:34] Cedric Nash, we got all the heavy hitters coming. Are you going to Investo? And go in a Balenciaga or one of them stores and pay $7,000 for some garbage that cost them $7 to make? The choice is yours.

Speaker 2:
[98:52] You deserve to be free. Nobody ever complains about concerts.

Speaker 1:
[98:55] At all.

Speaker 2:
[98:57] Y'all paying $8,000 to see Chris Brown, $10,000 to see Jay-Z, $6,000.

Speaker 1:
[99:03] Try to tie it away with you.

Speaker 3:
[99:05] Not gonna happen.

Speaker 1:
[99:06] Hands up and wave, wave.

Speaker 2:
[99:09] Nobody ever complains about concert tickets. And those concert tickets are not cheap.

Speaker 3:
[99:15] I'm there. Everything earned, though. I'm there. But just know I'm investing. And I'll see you there, hopefully, if you invest in.

Speaker 2:
[99:25] Get your tickets to invest.

Speaker 3:
[99:27] That's a fact. Definitely gonna see me there.

Speaker 2:
[99:30] Palantir's long term outlook.

Speaker 1:
[99:37] I think it's funny. All the Palantir Power Rangers last year who were pro Palantir are all of a sudden getting concerned. My question to you is, what are you so worried about? If you loved Alex Carp and the technology last year and the year before, you should still love it now. It means it tells me that you're just looking for the short term win and you may not believe in a company. And I've had my thoughts and I've expressed that I think a certain companies I would not invest in because of moral compass and ethics, right? But if you're looking at return basis, even from, let's say hypothetically, if they fell back to, let's say 1,1938, that would be a great entry. Even if they got to the median of where they were this year, 156.29, it's a great return. My question is, do you believe in a company or are you just trading for short gains? This is not a trading show. You may get some trading gems here and there. Put in chat, long term is the wave. Can I tell you all a secret? I've only had conflict with people who didn't listen to the long term. The review videos came because you didn't buy the stocks because I told you to buy long term. I don't have enough capital. Quit f-ing off your money. Put into the market. So, if you believe in a company last year and you loved it so much, and Alex Carp is that, okay, well, you should still be invested into the company now and love it. But they are going through what most technology companies have gone through, and software or AI-adjacent companies have gone through. They have seen a reduction in the price and the rate of return that they're given, but they were at $5.84 in 2023. They went to $2,0752. What more do you want from Alex? Yeah.

Speaker 3:
[101:31] It's been an incredible run. Here's the issue. And I think this might be, I think this will answer the next one as well. When you look at the valuation of Palantir, It's always been a deal.

Speaker 1:
[101:46] Always been lofty.

Speaker 3:
[101:49] It's tough. It's tough to explain how it gets there, or it's not there already, right? So it almost feels like it might be price perfection. When it had that run, it was okay. Well, you can understand, you know, the technology. You can see, understand the case use. You can understand, oh, the government contracting. But I don't know, man. It's pretty high-valued. Even at $150, it's high-valued. $210 was just astronomical. You knew that a pullback was coming. I'm not investing in it. I understand why people are very enthusiastic about it from a technology standpoint. It's just, I don't know, man. Shout out to Alex. But I'm not sold. I'm just not sold on Palantir. And I could be wrong. And I'm okay with being wrong with this one.

Speaker 1:
[102:40] I'm not a big P-E ratio guy, but the P-E ratio of Palantir is 212x to 231 in comparison to Tesla's 283 to 311. That should tell you something as well. But if you were pro-killing innocent people last year, be pro-innocent killing people now because your portfolio being killed.

Speaker 3:
[103:00] You got your computer to pull up a comparable in that sector like RTX or something like that. It's just so there's a drastic difference in the valuation of these companies that are in the same sector.

Speaker 1:
[103:22] Give me one second.

Speaker 3:
[103:24] Yeah, I don't touch it. If you made money off that trade, great. If you're a long term investor, I guess you can hold it. I'm just not sold on Palantir for a number of reasons.

Speaker 1:
[103:38] But do what you want. At some point, you got to have a compass. For PE for Raytheon is 28X, Palantir is 116X. Current PE ratio for Raytheon is 39X, Palantir is 231. You're paying for a multiple because of the tech. And also, Stock Club, y'all know I've been saying this, Anderil the one. This is Apple versus Anthropic all over again. Anderil's the one.

Speaker 3:
[104:07] On the way.

Speaker 2:
[104:09] Hello.

Speaker 1:
[104:14] But what do we know? Rashad, what you think? You cook it up. What you got in your brain? You got a money making scheme in your brain. And when y'all do the reboot of Power of Nas and AZ, I need to be on episode, please.

Speaker 2:
[104:31] So, so, so you noticed.

Speaker 1:
[104:35] Real quick.

Speaker 3:
[104:37] One day we'll tell the story.

Speaker 2:
[104:42] How you feel about, well, what's a popular stock trap?

Speaker 1:
[104:49] I think we just had a great illustration or example of it is investing in companies that you're only focused on the short-term gain of them and not the long-term ramifications of what they can have and the viability of the long-term. Regardless of like whatever companies I've talked about, when I go to bed, I know I don't have to check them for two years. I don't have to worry about Striker, Lily, NVIDIA, AMD, Amgen, Microsoft. So if I go to Lake Como and my laptop get dropped in the water because the driver a little bit erratic, I don't have to check Charles Swapp endlessly to see how the performance is. So I think, and now, of course, because of the crash that's coming, I keep saying there's a lot of companies that are publicly traded now that are going to get you your returns in one year, but they're going to average out to be 12 to 20%. You may just have gotten 100% in the year to make you hold it for five years. It's going to average out to be the same thing. But everyone could, and these are lessons that you had to learn the hard way. I just don't want you to learn in the hard way because I want you guys to be able to multiply your wealth and get rich a lot faster. But focusing too much on hype versus the company. Even if you look now, remember when we started the show? If we got 20% you're a rock star. Now it seems as if people feel as if you're getting 50% return in a year, you failed.

Speaker 2:
[106:23] How?

Speaker 3:
[106:25] How? You're two years away from a double.

Speaker 2:
[106:30] Also just investing, like you said, investing in stocks that you don't even know or investment that you don't even know anything about. Like that was the XRP craze. Like I knew that it was crazy. I seen a bartender salute to all the bottom service girls. You guys make the world go round. But when I seen a bartender post XRP, that's when I knew that it was going to fall apart. And shortly after, it did. So when you just invest in things because you just hear about it on social media, and you don't even know exactly what it actually is, it's just like the board ape childhood. Justin Bieber and them, but I don't think they fully understood what they were doing. It was just so popular. Everybody was doing it. It was like, shit, I got to get in on this. Then shortly after that, it usually falls apart.

Speaker 1:
[107:27] Then y'all say I'm crazy for a fall apart.

Speaker 2:
[107:29] No, you don't know.

Speaker 1:
[107:31] Maybe I do. I proved enough. It's like if you don't know the CEO, the founder, what the baseline profit margin is, what the mission of the company is, and most importantly, do you buy the fucking product? A lot of people are investing in things and it's like, you don't believe in a product because you don't use it. I know the quality of Google, because I'm on YouTube every day, and the suite of products that I've been using with them since 2011. That's why I kept saying Google has executed perfectly what I wish Apple would have done. I did the calculation. If Apple would have been able to invest in OpenAI, have some of this AI stuff, they would be worth probably $8.9 trillion right now. Google's smoking on the Apple pack in terms of innovation. Almost flawlessly.

Speaker 3:
[108:27] Microsoft was at, I mean, for the most part, the history of our show, those have been the number one and two in terms of market cap until Nvidia came through and knocked it out and then Google came up there and now Apple's back at number two, but they got 49%, 49% of OpenAI. They did it, right? We're talking about those treasure chests, that 152 billion that they had in operating cashflow, that has dwindled down a little bit here. Well, you know why Microsoft has, they've talked about capex spending. Apple's up to bat, but I think that the idea of at least knowing what the company does should be bare minimum.

Speaker 1:
[109:07] You have to know. Bare minimum.

Speaker 3:
[109:09] There's people who are investing in companies and have no idea what the company does. Forget who the CEO is, at least what the company does. They just saw that the stock went up and it's like, okay, well, I can catch this thing. Maybe I can get 10 percent on this. Maybe I get 20 percent. I get an option call. I may get 100 percent. No clue what the company does. Forget fundamentals, technicals. Just saying, okay, well, I saw it went up 10 percent. Maybe it go up 10 percent tomorrow.

Speaker 1:
[109:37] And everybody in real estate, you know lows. You know lows. Don't let them box you out of certain returns. Because even with that, let's take the money that you get from the stock market long term and invest into more properties if you want to do it. But also too, I'm seeing a lot of people who were heavy in the real estate. They see that the gains are better in stocks. It's not once again to do either or, it's to do both. Let's do both. Buffett has not got rid of all the properties that he's chairman over at Berkshire.

Speaker 2:
[110:14] What's the million dollar investment portfolio?

Speaker 1:
[110:18] You tell me. I'm going to do how you did me earlier. Pause. No, you tell me. No, no, no, no, no, no. Give me the real answer.

Speaker 2:
[110:28] Strictly equities?

Speaker 1:
[110:30] Oh, no, no, no, no. It doesn't have to be. Let's do 25% equities. What's the other 75%?

Speaker 2:
[110:37] Only 25%? Well, first out, I would definitely advise if you have an eye. Let's say you get a life insurance policy to my, or hit the lottery or whatever you, and you just have a million dollars liquid. All right. Pay off debt for sure. Assuming that you have no debt and you get to actually invest a million dollars, right? I definitely think that you should have at least half in equities. At least half. $5,500,000 for sure. 10% big, 10% big, 10% big, 10% big, 10% big, index fund for sure. S&P 500. I'm a big proponent of QQQ. You got a lot of great individual stocks if you want to have some, whether it's Microsoft, Apple, NVIDIA, TSM, those come to mind, top of mind. Top 10 companies, something like that. I think the other $500,000, you got to put $100,000 away for emergencies, anything can happen. Maybe $50,000 if you want to be a little bit more aggressive. Real estate, you should be able to buy some level of property with $500,000 in most parts of America. Should be more than enough for a substantial down payment. Whether that's a condo, but multifamily investing, something that we championed early on, Rashad, the MG, the mortgage guy, talked about that early as far as having that cash flow. That's important, especially if your income is not, sometimes you can get a lump sum of money, but you're not making a lot of money per se. So you want to keep your income down. So multifamily real estate is a great way, because most of the time your number one expense is your housing. So with the multifamily strategy, you actually solve that because not only do you not have any expenses because you're getting rent, if done correctly, you can actually have a surplus where you're actually making money while still living in a property as well. So you kind of kill two birds with one stone in regards to that. And I would, after that, after that, after that, you know, I was watching the podcast clip with TD Jakes and, and I asked my brother, what's his name? Oh, damn. Mr. Bro, he was actually what, oh, man, what is-

Speaker 1:
[113:30] I wish I knew what he was talking about.

Speaker 2:
[113:32] He was, he used to be with, what's the guy that always talks about paying off debt?

Speaker 1:
[113:39] Anthony O'Neil?

Speaker 2:
[113:40] Anthony O'Neil. Oh, okay. He used to be with Dave Ramsey. Shout out to Anthony O'Neil, that's my brother. Anthony O'Neil was saying that you should only buy a car if you could pay it off in cash. I don't necessarily subscribe to that ideology. I don't subscribe to the ideology, but it is good in that type of situation. In that type of situation where you do have a lump sum, because the reason why I don't subscribe to that is most people don't have enough money to buy off a car. It goes back to the paying off the loan or actually investing. If you got $50,000 to your name, you can spend that on paying off a car, but now you got no money to invest. Me personally, I would rather just lease a car for $800 a month, and then put that other money to work in the market. But if you have a lump sum, that might be something you need to think about, because that's another expense as far as. So yeah, that would be just some things that come to the top of my mind. That's not including any family as far as like putting money aside for your kids' college or life insurance. This is just purely just you. Like if you're just single yourself, that would be, you got your housing taken care of, you got your long-term investment, and you got a car that's paid off, you got no debt. I think that's a recipe for success.

Speaker 1:
[114:54] Do you know if they got their first million, what they should do? Go to eninvest.com. And if you want to know two years ahead of time, what is going to emerge in the market? Because no one actually knows when Tim Cook's going to retire, but I told you two years ago, or all these geopolitical issues, or which stocks are going to fall 30 to 40%? And if you want to know exactly and precisely where to get in so you can be wealthy and free like me, go to eninvest.com. Join the Red Panda Stock Club and put yes in chat if I've made you money.

Speaker 3:
[115:26] Shout out to everybody that has made money. I'm watching this show for sure.

Speaker 1:
[115:30] Easy, easy.

Speaker 3:
[115:32] We don't met too many people that started with zero. I'm up 100,000.

Speaker 1:
[115:37] 1.5, 2,000,000, 3,000,000.

Speaker 3:
[115:39] I'm up a million. I mean, that's the everyday person that is a teacher, that is in sanitation, that's making that type of money. It's no, I mean, if everybody else is doing that, I'm doing that. It's not even a question. I'm doing it.

Speaker 1:
[115:55] When we end the show for good, are we gonna do a retirement tour or are we gonna do a how I wanna do it and just be abrupt as hell? One of my A's is the last one. I love y'all. Thank y'all for coming out.

Speaker 3:
[116:04] Yo, join us tonight, last one.

Speaker 1:
[116:07] I love y'all so much. I love y'all with my heart. Which one?

Speaker 3:
[116:14] Go out like Brian, no victory to it.

Speaker 1:
[116:20] Red Panda, I'm never leaving you, but listen, I'm feeling like Iceman. He may need to freeze the market up and see what the, cause I know what the GDP of me is. But let's just take a little break.

Speaker 3:
[116:33] Iceman on the way.

Speaker 1:
[116:34] On the way, shout out to the boy.

Speaker 3:
[116:36] Iceman on the way, yo.

Speaker 2:
[116:38] Iceman on the way, man.

Speaker 3:
[116:39] Yo, the six, we back. Iceman on the way.

Speaker 2:
[116:43] Man, tap in. We got Jada tomorrow, EYL University.

Speaker 3:
[116:47] Thursday, Thursday, Thursday.

Speaker 2:
[116:48] Thursday, Thursday, we got Jada. We got Blackout on Wednesday, nine o'clock. EYL University, I got a financial planning call, I think.

Speaker 3:
[116:55] Yeah, Friday, Friday, yep.

Speaker 2:
[116:56] Friday, I got a financial planning call. Shout out to EYL University, like I said, man. The numbers speak for themselves. The amount of people that put a green jacket, screenshots, this isn't no, I ain't even gonna say that. Shout out to her, man. I don't want that.

Speaker 1:
[117:11] Keep your calm out.

Speaker 2:
[117:14] Damn.

Speaker 3:
[117:15] Nah, nah, nah. Nah, nah, we can't do that, man. Let's keep the main thing, the main thing. Shout out to everybody that got their green jacket. Well deserved, well earned. And I'm sure there's plenty others of you that have not put the screenshot up yet, but send it so we can acknowledge you. And please, please, just know, stay tuned. We got something for y'all. Stay tuned.

Speaker 2:
[117:36] But the proof is in the screenshot.

Speaker 1:
[117:38] The screenshot.

Speaker 3:
[117:42] Yo, shout out to everybody that was in AMD. Hit an all time high. I text y'all. Somebody text on Dave Shands, man.

Speaker 2:
[117:49] Shout out to Dave Shands.

Speaker 3:
[117:50] Shout out to the portfolios doing, man.

Speaker 1:
[117:51] Shout out to y'all who try and re-write history, like I said, that shit on the first episode of Market Mondays too, I see you clipped at my boy.

Speaker 3:
[117:59] Y'all was fighting me though. Y'all was fighting. But that's what I think. That's the best part, because even if we don't agree, somebody's going to take something from it and say, you know what? I like that viewpoint. Oh, that perspective was good. But at the end of the day, did you invest?

Speaker 1:
[118:14] Yeah, invest. It would be too much chatter back and forth until we get to that conversation.

Speaker 2:
[118:22] Yeah, Jada Waiter, Jada Waiter.

Speaker 3:
[118:24] Prudent Mom, she said, my kid's invested in AMD.

Speaker 2:
[118:26] Jada Waiter.

Speaker 3:
[118:27] Prudent Mom, been here day one. She's been here since day one. Shout out to you.

Speaker 2:
[118:33] OK.

Speaker 1:
[118:35] We were talking about direction of what Lisa should do, but y'all are going to quit rewriting history.

Speaker 3:
[118:41] Yeah, Lisa, she's doing an incredible job. Shout out to everybody that's in AMD. Shout out to everybody that's in Broadcom. Shout out to everybody that's in Caterpillar. GE Renoval reports tomorrow. Looking forward to that. Yeah, it's a big week. It's a big week. Did you see the numbers on Tesla?

Speaker 1:
[119:00] I definitely did.

Speaker 3:
[119:02] So they were saying about 33% of the cars that were purchased were actually bought by Elon. For robotics, I mean, for the robot taxi. So if you take those numbers out of the actual, I mean, well.

Speaker 1:
[119:17] Well, if technically, I keep telling y'all, there's three, talk about Black Swans. There are three or four Ponzi's that will be revealed. But if the companies are exchanging assets to create the valuation, by the time the valuation is there, it's too late. Rockefeller did this. If you study history, Rockefeller had a number of entities, one being the American education system, that he inter-traded assets amongst the companies to create an empire. Yeah. And it's not SAS in the comments, it's intelligence.

Speaker 2:
[119:56] It would be who of you to, you know, just ascertaining some of the things I'm putting down so I can make you friend, meet you all. I appreciate you so much.

Speaker 1:
[120:03] Pick up what I'm playing down. Can you please give us the word of the day again? For those who are joining us a little late.

Speaker 2:
[120:11] Chimera. I like the kind definition, not the, you know, the evil version of it, but it's a combination of many things.

Speaker 1:
[120:21] The combination of many things. Oh, man.

Speaker 2:
[120:25] Yep.

Speaker 1:
[120:26] All right. Zaid, happy birthday to Zaid. Shout out to Zaid. It's her birthday today. 420. Shout out to all my 420 people who are enjoying this in a different spirit right now. And hopefully you've taken your notes with diligence, but I feel you. Shout out to 420.

Speaker 2:
[120:44] Yes, sir. All right.

Speaker 1:
[120:46] Yeah.

Speaker 2:
[120:46] Make sure you tap in. We got Blackout on Wednesday. We got EYL on Thursday. I got my financial planning call for EYL University on Friday.

Speaker 1:
[120:54] We got Nvidia on Wednesday.

Speaker 2:
[120:58] It's a pretty jam-packed week.

Speaker 1:
[121:00] They said the boss man is in town. Who? Jensen? Yeah. He's in town.

Speaker 2:
[121:08] Set it up.

Speaker 1:
[121:10] Like the Jack of Memorials.

Speaker 2:
[121:12] Never know.

Speaker 1:
[121:13] Yeah, who knows?

Speaker 2:
[121:15] And then one day, we got to talk about some of these answers my guy's given. Once ago.

Speaker 1:
[121:22] Yeah. We should talk about that. That interview was very telling about where we're at.

Speaker 2:
[121:29] I won't talk about it this year, but. 29 or something like that. And to the person in the comments, no, it's not a hit dog holler. I just like to engage with the audience in the end, play good cop, bad cop. If you see top of the show, like, or like last week, Rashad was bad cop. The school shook, Shadi, and he's nice this week. And then I was nice last week, and I'm an asshole this week. It's the ebbs and flows of the market. Media training. Back to you, Troy and Rashad. Cross pollination of audiences, though. Key business lesson I learned. Cross pollination of audiences.

Speaker 1:
[122:05] Hey, there's a business, and there's money being made everywhere, so we gotta. Sure. You know? You know? Y'all be good. Y'all be blessed. Reach out, text somebody, check on your loved ones. Pray for everybody's health and success and wealth, man. It's been real. We'll catch y'all on Wednesday. Love is love.

Speaker 2:
[122:31] Y'all want to tell y'all the next CEO who gonna get fired or no? Save it for next week? Gotcha. Thank y'all for coming out. God bless. Good night. Peace. Love.