บทถอดความฉบับเต็มของ Was Buffet Insider Trading, Meta AI Takes Over, and No More Bears

insane. 00:04:18.079 --> 00:04:19.040 They stormed the field. 00:04:19.120 --> 00:04:21.120 They got the goalpost in the lake. 00:04:21.360 --> 00:04:23.920 It was it was insane, bro. 00:04:24.079 --> 00:04:29.839 One of the fucking best sports events I've ever watched in my genuinely in my entire life. 00:04:30.000 --> 00:04:31.199 In my entire life. 00:04:31.360 --> 00:04:38.639 Okay, we had sort of a generational lineup this weekend of late stage capitalism top signals. 00:04:39.199 --> 00:04:44.000 I actually don't have that many takes on these moments other than just playing it. 00:04:44.160 --> 00:04:48.800 The first is John Summit DJ'd a rave in the New York Stock Exchange. 00:04:48.959 --> 00:04:49.839 Okay, I'm gonna be honest. 00:04:49.920 --> 00:04:51.279 On this one, this is kind of tough. 00:04:51.439 --> 00:04:52.639 This one's kind of tough. 00:04:52.800 --> 00:04:58.879 But this is the type of shit you see that the the morning before spy wicks down 40%, but this is tough. 00:04:59.040 --> 00:05:01.199 I I'm low-key, I was hating at first. 00:05:01.360 --> 00:05:06.000 I kind of was just salty, I wasn't there, but this is the type of shit you see on Friday night before Black Monday. 00:05:06.240 --> 00:05:07.519 Okay, that's number one. 00:05:07.600 --> 00:05:09.519 This one I don't think is that bad. 00:05:09.920 --> 00:05:15.519 Second is our beloved Treasury secretary, Scott Bessent. 00:05:15.600 --> 00:05:16.720 Scott, I am the house. 00:05:16.959 --> 00:05:17.439 Bessent. 00:05:17.839 --> 00:05:19.759 Scott, you listen to me. 00:05:20.399 --> 00:05:27.279 Bessent proudly welcomed Jake Paul to the Treasury Department today. 00:05:27.600 --> 00:05:34.480 Jake's path from content creator to entrepreneur and professional boxer is distinctly an American story. 00:05:34.720 --> 00:05:37.120 Honestly, Jake Paul, you gotta get the guy. 00:05:37.360 --> 00:05:40.000 Jake Paul's like one of the best venture capitalists in the last decade. 00:05:40.160 --> 00:05:46.079 I don't know if everyone's aware of this, but he might be the best venture capitalist of the last decade, Jake Paul, just for the record. 00:05:46.240 --> 00:05:53.120 So it's a little bit akin to having Mark Andreessen visit the Treasury, and from that perspective, it's not that big of a deal. 00:05:53.360 --> 00:05:59.040 However, it being Jake Paul makes you think maybe yields are or too are too low. 00:05:59.360 --> 00:06:01.360 Okay, that's the second one that we saw. 00:06:01.519 --> 00:06:07.439 The third one, and this okay, so we went uh 10.7 million views, 9.9 million views. 00:06:07.680 --> 00:06:13.360 This one has 46.8 million views, also came out this weekend. 00:06:13.680 --> 00:06:19.360 We just got the pleasure and the privilege of getting a tour of the Pentagon, and uh what a what a cool experience. 00:06:19.600 --> 00:06:22.800 We see all the men and women here who are serving this great nation. 00:06:22.959 --> 00:06:29.519 I don't think there is any greater commitment to sacrifice than those who are willing to live, die, and fight for their country. 00:06:29.680 --> 00:06:44.480 So I think it's you guys who etch your names in history as you fight for and allow us in this country to have that freedom where we can as a guy who maybe needs to let the hair go, he needs to let it go. 00:06:44.560 --> 00:06:45.360 I'm not gonna lie. 00:06:46.079 --> 00:06:49.519 Prosper and be happy and be the great nation that we are. 00:06:49.680 --> 00:06:57.199 So a deep personal thank you from myself, my brother, and uh all of our fellow Americans. 00:06:57.439 --> 00:06:58.800 Each one of you matters. 00:06:58.959 --> 00:07:02.720 Take this moment and be proud of yourselves for what you do. 00:07:03.120 --> 00:07:05.519 This is the greatest country in the world. 00:07:05.839 --> 00:07:07.040 They do live in PR. 00:07:07.439 --> 00:07:13.920 Truly, we are blessed to be born here or come here, and we should never take that for granted. 00:07:14.079 --> 00:07:24.639 That's what God created us for is to lift each other up in the hard moments, to be there for each other in the hard moments, and to come together as a This is 47 million views. 00:07:25.040 --> 00:07:27.040 Collective and fight for good. 00:07:27.279 --> 00:07:29.439 That's why this country was formed. 00:07:29.600 --> 00:07:30.639 We should never forget that. 00:07:30.879 --> 00:07:35.199 Jake Paul, Logan Paul, and Pete Heggseth is a unbelievable link. 00:07:35.519 --> 00:07:37.279 Um, yeah. 00:07:37.600 --> 00:07:40.959 So that is what was all over my timeline this weekend. 00:07:41.199 --> 00:07:42.800 I'm gonna be honest, I don't have any takes on it. 00:07:42.879 --> 00:07:49.040 The one thing I'll say though about Jake Paul is I fuck with the return of the like patriotic influencer. 00:07:49.120 --> 00:07:49.680 I like it. 00:07:49.759 --> 00:07:56.639 He's like a real like I'm now he doesn't even live, he lives in in PR, but he's a real like Erican influencer. 00:07:56.800 --> 00:08:01.279 Okay, he is, he's a real like rock the flag influencer, you know? 00:08:01.519 --> 00:08:06.160 Like come out to the boxing match with a flag around his shoulders and lose to Anthony Joshua. 00:08:06.319 --> 00:08:32.720 But here's what I will say is you watch this, Besson and Jake Paul linking with Logan Paul in the Department of War, linking with John's summit in the New York Stock Exchange, followed by the committee hearing with Scott Bessent with five hecklers, and every senator is like 87 years old, and not a single one of them knows what Bitcoin is and has no idea what is going on. 00:08:32.879 --> 00:08:36.480 They can't speak, they are not articulate, and they are ancient humans. 00:08:36.720 --> 00:08:38.080 Nothing against the elderly. 00:08:38.159 --> 00:08:40.399 I just I don't have any problem with the elderly. 00:08:40.480 --> 00:08:41.200 I love the elderly. 00:08:41.279 --> 00:08:44.879 I just have a problem with our country being run by the

elderly. 00:08:45.039 --> 00:08:54.159 And you see the culmination of these things all over the last week, and then you look at the Bitcoin chart, and it's up 5% on the daily, and you say to yourself, yeah, that makes sense. 00:08:54.320 --> 00:08:54.799 I get it. 00:08:54.960 --> 00:08:55.440 I get it. 00:08:55.600 --> 00:08:58.320 I get why you would want to own Bitcoin. 00:08:58.559 --> 00:09:01.440 I get why you would want to own book, why you would own Bitcoin. 00:09:01.600 --> 00:09:09.120 Why you would why you would look around at the at the board with fresh eyes, and you would say to yourself, 5% of my portfolio belongs in in Bitcoin. 00:09:09.360 --> 00:09:09.919 It does. 00:09:10.159 --> 00:09:18.159 You just I just you look at the board, you look at what's what's going on, you look at yield prices, you look at who's in charge, you look at who's popular, and you say, Yeah, you know what? 00:09:18.399 --> 00:09:19.360 I get it. 00:09:20.080 --> 00:09:32.320 So as a guy who has no Bitcoin, I understand why you have it, and you should understand why I hold Zcash as leverage Bitcoin as a hedge against capitalism in America. 00:09:32.639 --> 00:09:35.120 So, anyways, those are my top signal segments. 00:09:35.200 --> 00:09:42.879 Okay, one other thing that happened this weekend that was super viral until we talk about the market, which I have a lot to talk about. 00:09:43.200 --> 00:09:54.159 Is there was a post that came out from the Corgi Cafe, which by the way, I don't exactly know what's going on there, but I usually have a decent radar for something is fucking off. 00:09:54.799 --> 00:09:58.879 And I was pretty early to this one for the record on the Corgi Cafe. 00:09:59.039 --> 00:10:01.039 But by the way, 80 85 4. 00:10:01.200 --> 00:10:02.799 This postman's super viral. 00:10:03.039 --> 00:10:05.120 Okay, wrote out a list of who I'm looking for. 00:10:05.279 --> 00:10:25.039 X, work your magic, non-negotiable 35 to 42, healthy, masculine, smart, funny, lighthearted, provider/slash protector mentality, post economic parentheses, still hardworking, must be kind, generous, thoughtful, no kids yet, decidedly wants kids on the healing path. 00:10:25.200 --> 00:10:29.600 Serious history of serious commitment, ex-therapists, books, and retreats. 00:10:29.759 --> 00:10:34.000 Um, can meet anywhere, but will not date unless live in the same city, fit and sober because you care about your health. 00:10:34.080 --> 00:10:38.240 Strongly preferred, no previous marriages, no engagements, works in tech. 00:10:38.960 --> 00:10:43.759 Okay, this was the important topic of the day on this topic right here, post-economic. 00:10:44.000 --> 00:10:46.960 Because by the way, this is me except for the 35. 00:10:47.200 --> 00:10:49.840 I brought up this debate of post-economic. 00:10:49.919 --> 00:10:53.440 Okay, somebody asked, somebody quoted and said, What does post-economic mean? 00:10:53.759 --> 00:11:00.720 And it was followed by a flurry of commentary

on what it means to be post-economic. 00:11:01.600 --> 00:11:05.120 And it was led by one city adjacent tweet. 00:11:05.279 --> 00:11:06.960 City Sweeting launches an OnlyFans competitor. 00:11:07.039 --> 00:11:08.159 She's instantly the world's richest woman. 00:11:08.240 --> 00:11:08.320 J. 00:11:08.480 --> 00:11:10.080 Cal, what the fuck are you doing? 00:11:10.320 --> 00:11:21.759 Followed by a bunch of discussions about Drake Steak, LeBron Polymarket, Tom Brady fan duel, and this base 16Z tweet. 00:11:21.840 --> 00:11:24.559 By the way, shout out Polymarket, that I think sums it up pretty well. 00:11:24.799 --> 00:11:26.960 Post economic is jumbo shrimp. 00:11:27.120 --> 00:11:30.879 Billionaires are taking money for gambling ads or spending on EA propaganda. 00:11:31.039 --> 00:11:34.399 The foundational ethic is now economic at any scale. 00:11:34.960 --> 00:11:36.639 I don't know if it's always been the case. 00:11:36.799 --> 00:11:38.000 This is what I've been trying to figure out. 00:11:38.080 --> 00:11:47.519 If this has always been a societal case where it no matter how much money you have, like if you're a billionaire, you are still taking the deal, like no matter what. 00:11:47.600 --> 00:11:51.519 Like you are you're still going for it no matter what. 00:11:51.919 --> 00:11:59.679 But I am totally on board with this take that in 2026, post-economic is just like not a thing. 00:12:00.000 --> 00:12:03.919 And the only way to be post-economic is to just stop and opt out. 00:12:04.240 --> 00:12:14.000 Because you look at Drake, you look at Drake streaming slots on kick, and then you think to yourself, like, yeah, there is no, there's no, there's no number for any for any of these people. 00:12:14.080 --> 00:12:15.840 They're actually there, there's just no number. 00:12:16.000 --> 00:12:17.200 And so I I don't know. 00:12:17.279 --> 00:12:20.639 I I have I I've been unable to find any cultural commentary on this. 00:12:20.799 --> 00:12:26.080 Either way, you say actually today has got to be historically lower number than the past. 00:12:26.799 --> 00:12:35.120 I was unable to find any cultural commentary on this, but it feels like right now it is the most in your face it has ever been. 00:12:35.840 --> 00:12:39.840 And there is just no, there's no, there's no end, there's no stop. 00:12:40.000 --> 00:12:47.200 So, anyways, expect a basic scene Z article on post-economic, and I guess you gotta get there now to get married. 00:12:47.279 --> 00:12:48.480 You gotta show down OF. 00:12:48.639 --> 00:12:52.399 OF is vehemently topped in the US, by the way. 00:12:52.639 --> 00:12:55.039 100,000 OF is done. 00:12:55.120 --> 00:12:55.679 It's topped. 00:12:55.840 --> 00:13:02.159 Get for I think I think turbo perma top on gambling streams and OF. 00:13:02.320 --> 00:13:03.120 It's topped. 00:13:03.279 --> 00:13:06.720 Gambling streams are super topped slot streams. 00:13:06.799 --> 00:13:14.559 It's not gonna be this rapid crash downfall, but they are super, super, super, super, super, super topped. 00:13:14.720 --> 00:13:17.679 So stock market open opens in 15 seconds. 00:13:17.759 --> 00:13:20.000 As always, stock market open is powered by Phantom Wall. 00:13:20.080 --> 00:13:21.600 It's powered by 50% you see during this segment. 00:13:21.679 --> 00:13:24.399 Anything you want to trade, buy, sell, make money, and lose money on. 00:13:24.480 --> 00:13:28.320 If you can trade it, you can trade it on Phantom. 00:13:28.399 --> 00:13:30.879 It is Monday 9 30 a.m. 00:13:31.200 --> 00:13:34.399 and the stock market is official. 00:13:35.519 --> 00:13:41.600 Oh let's go, let's go, let's have a good day. 00:13:41.679 --> 00:13:42.320 Let's have a good day. 00:13:42.399 --> 00:13:44.240 Let's have a good fucking day. 00:13:44.399 --> 00:13:51.360 First and foremost, SPX opens up 0.6 percentage points. 00:13:51.440 --> 00:13:52.480 What's good, big lefty? 00:13:52.639 --> 00:13:56.000 NASDAQ 100 opens up 0.72%. 00:13:56.879 --> 00:13:58.000 Oh my god, where's hood? 00:13:58.080 --> 00:14:01.679 Oh my god, oh my god, oh my god, oh my god, oh my god, oh my god, oh my god, hood, hood, hood. 00:14:01.759 --> 00:14:03.200 Wow, five percent for hood. 00:14:03.440 --> 00:14:22.960 Um, photonic CTF up two, neo clouds are up one, spy point six five, Q's up one, soxel up seven, IGV up one, mag's up one, DRM up three, and the IBB up 0.45, Bitcoin in the open 85, putting in the green candle, Zek 1544. 00:14:23.200 --> 00:14:27.519 I'm very curious about Bitcoin ETF inflows today. 00:14:27.679 --> 00:14:28.960 Should be pretty good, pretty good. 00:14:29.039 --> 00:14:40.639 VVD almost 33, ETH 27, lighter's up five, pumps up four, per data is up two, silver up 0.37, yields are all down, led by the 10 year down 0.74. 00:14:41.039 --> 00:14:42.559 ETF inflows like end of day. 00:14:42.720 --> 00:14:44.559 Gold is down on the daily 0.4. 00:14:44.879 --> 00:14:45.840 That's nuts. 00:14:46.240 --> 00:14:55.120 Crypto stocks, circle's up eight, bmnr is up seven, coinbase is up five, hood is up four, ibkr two, crypto, crypto, crypto, crypto. 00:14:55.200 --> 00:14:56.159 There's one more crypto stock. 00:14:56.240 --> 00:14:56.559 What is it? 00:14:56.639 --> 00:14:57.039 What is it? 00:14:57.279 --> 00:14:57.600 Is there? 00:14:57.759 --> 00:15:00.320 Oh, MSTR is where's MSTR? 00:15:00.480 --> 00:15:00.799 Fuck. 00:15:00.960 --> 00:15:01.360 Wow. 00:15:01.600 --> 00:15:03.440 Nine percent. 00:15:04.159 --> 00:15:06.240 Nine percent for MSTR. 00:15:06.720 --> 00:15:07.519 Look at this chart. 00:15:07.679 --> 00:15:08.639 How is the chart actually? 00:15:08.799 --> 00:15:09.039 Ugh. 00:15:13.519 --> 00:15:17.120 You know, MSTR above 194 and it starts to get pretty nasty. 00:15:17.200 --> 00:15:17.919 All right, where's meta? 00:15:18.240 --> 00:15:19.440 Oh my god, is meta ripping? 00:15:19.519 --> 00:15:21.600 I want I've been saying I want to buy meta so bad. 00:15:21.759 --> 00:15:22.320 Oh my god.

00:15:22.559 --> 00:15:23.360 700. 00:15:23.519 --> 00:15:23.919 Ow. 00:15:24.000 --> 00:15:25.840 I've been fucking screaming about meta. 00:15:26.080 --> 00:15:27.919 I didn't buy any, I bought Venice instead. 00:15:28.080 --> 00:15:29.200 It just traded well. 00:15:29.279 --> 00:15:29.919 Look at this. 00:15:30.080 --> 00:15:30.559 Look at this. 00:15:30.720 --> 00:15:31.279 Oh my lord. 00:15:31.440 --> 00:15:31.919 D nap. 00:15:32.320 --> 00:15:34.080 Oh, I love meta so much. 00:15:34.159 --> 00:15:35.200 I've been screaming it. 00:15:35.440 --> 00:15:36.720 I've been screaming it. 00:15:36.879 --> 00:15:37.840 I've been screaming it. 00:15:37.919 --> 00:15:38.720 I've been screaming it. 00:15:38.799 --> 00:15:42.240 Arms up eight, Intel's up eight, red wire's up eight. 00:15:42.639 --> 00:15:43.600 Hype 95. 00:15:43.679 --> 00:15:44.799 Is this real life lol? 00:15:45.039 --> 00:15:46.879 Flood, my bye. 00:15:48.399 --> 00:15:50.799 Meta 697. 00:15:51.120 --> 00:15:51.679 Why meta? 00:15:52.000 --> 00:15:55.360 Because they just released Muse and it is fucking incredible, bro. 00:15:55.440 --> 00:15:56.240 It is so good. 00:15:56.480 --> 00:15:58.399 Flood, race you to eight figs, by the way. 00:15:58.559 --> 00:16:00.159 Race you to eight figs, my boy. 00:16:00.240 --> 00:16:02.000 On the public perps account, dude. 00:16:02.080 --> 00:16:02.879 It's so good. 00:16:03.120 --> 00:16:03.919 It's just so good. 00:16:04.240 --> 00:16:05.120 Did he gift, by the way? 00:16:05.200 --> 00:16:06.240 I can't see anymore. 00:16:06.399 --> 00:16:07.120 No, he didn't. 00:16:07.279 --> 00:16:07.759 Sorry. 00:16:07.919 --> 00:16:08.960 Um, it's so good. 00:16:09.120 --> 00:16:10.399 Meta's up, wow, look at that. 00:16:10.480 --> 00:16:11.679 It's about to hit 700. 00:16:11.840 --> 00:16:14.320 Highest it's been since February. 00:16:14.480 --> 00:16:15.440 Have you used Moose? 00:16:15.679 --> 00:16:20.080 I used Instinct, and I just took a guess that they're basically the same. 00:16:20.240 --> 00:16:22.000 I'll talk about it in a couple minutes. 00:16:22.159 --> 00:16:23.360 Um, let's keep going though. 00:16:23.519 --> 00:16:26.080 Meta officially hit$700. 00:16:26.639 --> 00:16:40.320 AMD's up five, Rocket Line's up six, ASH is up five, Dell's two, Bloom two, Micron back above a thousand, BlackBerry up three, Tesla's up three, Cerebras is up four, SpaceX 155, IBM's up 1.5, Amazon's up one. 00:16:40.720 --> 00:16:41.679 What's red even? 00:16:41.759 --> 00:16:46.240 Apple's down 0.5, Broadcom is down one, Nvidia's up 0.2. 00:16:46.639 --> 00:16:50.159 I am so excited for the new iPhone, by the way. 00:16:50.240 --> 00:16:51.279 I don't even know what to say. 00:16:51.440 --> 00:16:52.960 I'm so excited for the new iPhone. 00:16:53.120 --> 00:16:54.159 Checking back in. 00:16:54.399 --> 00:16:56.720 Zach is 1545. 00:16:57.440 --> 00:17:00.480 Bitcoin holding 85 on the open. 00:17:00.559 --> 00:17:02.000 No, uh, the duo, brother. 00:17:02.080 --> 00:17:03.200 I'm not buying the regular iPhone. 00:17:03.360 --> 00:17:05.680 MS TR 10.10. 00:17:05.759 --> 00:17:07.359 Circle losing it a little bit. 00:17:07.519 --> 00:17:09.200 Let's check in on altcoin. 00:17:09.279 --> 00:17:10.640 Oh, oh, I forgot Warren Oil. 00:17:10.720 --> 00:17:11.039 My bad. 00:17:11.119 --> 00:17:12.400 Brent is 101. 00:17:12.640 --> 00:17:13.519 Never a long. 00:17:13.759 --> 00:17:14.640 Down 2.5. 00:17:14.720 --> 00:17:17.680 Crude's down 3.5. 00:17:18.319 --> 00:17:19.680 Um defense. 00:17:19.759 --> 00:17:21.680 Pounders up 0.3, Raytheon's up 0.25. 00:17:21.839 --> 00:17:22.559 Northrop down. 00:17:22.720 --> 00:17:24.000 Lockheed down. 00:17:24.240 --> 00:17:24.880 Beautiful. 00:17:25.039 --> 00:17:25.440 Beautiful. 00:17:25.680 --> 00:17:27.119 Spy now up 0.63. 00:17:27.359 --> 00:17:28.480 NASDAQ up 0.72. 00:17:28.640 --> 00:17:29.440 Q's still up one. 00:17:29.599 --> 00:17:30.799 Socks will 5.5. 00:17:31.200 --> 00:17:33.519 Losing it a little bit, but pretty good open. 00:17:33.680 --> 00:17:34.640 Pretty strong open. 00:17:34.720 --> 00:17:35.759 Led by really meta. 00:17:36.319 --> 00:17:37.039 All coins. 00:17:37.279 --> 00:17:38.400 This is a problem. 00:17:38.640 --> 00:17:43.599 Uh the biggest gainer is kinetic, followed by suey, plasma, and say. 00:17:44.160 --> 00:17:44.799 Please stop. 00:17:45.519 --> 00:17:46.799 Please, please, please stop. 00:17:46.960 --> 00:17:47.519 Please stop. 00:17:47.680 --> 00:17:48.240 Wait, this. 00:17:48.799 --> 00:17:50.880 Please close your suey longs, brother. 00:17:51.119 --> 00:17:52.240 Please close. 00:17:52.480 --> 00:17:54.240 Please close plasma longs. 00:17:54.400 --> 00:17:54.880 Please. 00:17:55.039 --> 00:17:56.720 Please close say longs. 00:17:57.200 --> 00:17:58.720 Close your towel longs. 00:17:59.359 --> 00:18:00.079 Please. 00:18:00.559 --> 00:18:01.839 Uh's up 12. 00:18:02.000 --> 00:18:02.480 So beautiful. 00:18:02.640 --> 00:18:03.519 Farcoin's up eight. 00:18:03.599 --> 00:18:04.400 Doge is up seven. 00:18:04.480 --> 00:18:05.359 Ave's up seven. 00:18:05.599 --> 00:18:06.880 Air chain's up seven. 00:18:07.119 --> 00:18:08.160 Share your wall again. 00:18:08.240 --> 00:18:08.880 Can't, brother. 00:18:08.960 --> 00:18:09.440 That was it. 00:18:09.599 --> 00:18:10.559 Penguin's up five. 00:18:10.640 --> 00:18:11.359 Grass up four. 00:18:11.440 --> 00:18:12.000 Pump up four. 00:18:12.079 --> 00:18:13.440 Monet up 3.5. 00:18:13.920 --> 00:18:16.000 Uh Gito's up two. 00:18:16.240 --> 00:18:17.359 Jupiter's up 1.8. 00:18:17.519 --> 00:18:18.720 Nier is flat. 00:18:18.960 --> 00:18:21.599 And Pancake is red. 00:18:21.920 --> 00:18:23.279 I have to add Avax. 00:18:23.359 --> 00:18:23.839 My bad. 00:18:24.079 --> 00:18:26.160 Avax isn't even on the fucking list, bro. 00:18:26.240 --> 00:18:26.960 It's red. 00:18:27.119 --> 00:18:27.519 Classic. 00:18:27.680 --> 00:18:28.720 Publicly flaunting your wallet. 00:18:29.279 --> 00:18:29.440 Karma.

00:18:29.599 --> 00:18:30.079 No, no, no. 00:18:30.319 --> 00:18:33.039 Publicly updating my positions, brother, which I've done since day one. 00:18:33.119 --> 00:18:35.920 I was doing it when it was minus 250k in my purpose account. 00:18:36.079 --> 00:18:37.519 Publicly updating my positions. 00:18:37.680 --> 00:18:38.480 Is what I'm doing. 00:18:38.559 --> 00:18:39.440 On that bullshit. 00:18:39.599 --> 00:18:40.559 The run is coming. 00:18:40.799 --> 00:18:41.519 Let me long. 00:18:42.000 --> 00:18:44.240 Sue say injective and sonic. 00:18:44.319 --> 00:18:44.880 Oh my god. 00:18:45.039 --> 00:18:46.000 I forgot about Sonic. 00:18:46.079 --> 00:18:47.440 I don't even have injective either. 00:18:47.519 --> 00:18:48.240 He must be new here. 00:18:48.319 --> 00:18:48.799 I know. 00:18:49.039 --> 00:18:52.240 I posted every trade I've done publicly for the last like two years. 00:18:52.559 --> 00:18:53.599 Injective, bro. 00:18:53.759 --> 00:18:55.119 Let's ease off the poor cope. 00:18:55.279 --> 00:18:56.640 It's fucking nuts. 00:18:56.880 --> 00:18:57.920 Alright, on-chain. 00:18:58.000 --> 00:18:58.640 What do we got? 00:18:58.799 --> 00:19:00.079 Poor cope is insane. 00:19:00.240 --> 00:19:02.319 Alright, FWA, by the way, looks nuts. 00:19:02.480 --> 00:19:03.119 Big lefty. 00:19:03.279 --> 00:19:04.240 We run in the back. 00:19:04.480 --> 00:19:07.039 18 mil neat 35. 00:19:07.519 --> 00:19:09.680 Marscoin 104. 00:19:10.000 --> 00:19:12.160 Zcat 115. 00:19:12.319 --> 00:19:13.200 Like this is the problem. 00:19:13.279 --> 00:19:14.000 It should just flatten. 00:19:14.160 --> 00:19:16.079 Zcash is just like ripping out. 00:19:16.480 --> 00:19:18.160 Where does Thrego get his suits from? 00:19:18.319 --> 00:19:20.880 Wouldn't you like whatn't you like to know, huh? 00:19:20.960 --> 00:19:22.160 My hyperliquid green. 00:19:22.240 --> 00:19:24.640 Wouldn't you like to know where I get my suits from? 00:19:26.240 --> 00:19:27.920 Wouldn't you like to know? 00:19:28.559 --> 00:19:30.799 Stonk is ATH. 00:19:30.880 --> 00:19:32.480 I sold it, but looks sick. 00:19:32.960 --> 00:19:34.559 Um, it actually does look sick. 00:19:34.640 --> 00:19:36.000 Uh I can't lie. 00:19:36.160 --> 00:19:37.839 Shout out to Asian shout out, shout out to Razmer. 00:19:38.160 --> 00:19:39.200 Big Raz on this one. 00:19:39.359 --> 00:19:40.880 AI coin 260. 00:19:41.359 --> 00:19:43.680 Lao is 110. 00:19:44.240 --> 00:19:44.960 Handsome. 00:19:45.680 --> 00:19:47.759 The fabled bull pattern is playing out pretty well. 00:19:48.400 --> 00:19:48.799 By the way. 00:19:49.279 --> 00:19:50.400 Why did you close your hype long? 00:19:50.480 --> 00:19:50.880 Who's that to? 00:19:50.960 --> 00:19:51.279 Look at this. 00:19:51.359 --> 00:19:51.759 The fabled bull. 00:19:52.240 --> 00:19:53.200 Bull pattern looks decent. 00:19:53.519 --> 00:19:54.160 Cash cat. 00:19:54.559 --> 00:19:56.079 Check Chris Camilla tweet. 00:20:06.319 --> 00:20:07.440 Oh, it's so good. 00:20:07.680 --> 00:20:08.480 Am I late? 00:20:08.799 --> 00:20:09.519 Oh my god. 00:20:09.680 --> 00:20:10.240 Am I late? 00:20:10.319 --> 00:20:11.519 I can't believe I didn't long it. 00:20:11.599 --> 00:20:14.160 I actually can this is gonna drive me fucking nuts. 00:20:14.400 --> 00:20:15.279 Am I late? 00:20:15.519 --> 00:20:16.319 Oh my god. 00:20:16.400 --> 00:20:17.359 This is gonna drive me in. 00:20:17.759 --> 00:20:19.279 This is just gonna drive me nuts. 00:20:19.519 --> 00:20:22.000 This is going to drive me fucking nuts. 00:20:22.240 --> 00:20:23.039 This coin. 00:20:23.200 --> 00:20:24.079 Oh my god. 00:20:24.240 --> 00:20:26.000 This is going to drive me insane. 00:20:26.079 --> 00:20:28.160 And I have to just like rage by it. 00:20:28.559 --> 00:20:30.079 This is gonna drive me nuts. 00:20:30.400 --> 00:20:32.000 Oh my god, dude. 00:20:32.160 --> 00:20:33.440 It's gonna drive me nuts. 00:20:33.599 --> 00:20:35.279 Cash count 184. 00:20:35.440 --> 00:20:36.480 What else matters? 00:20:36.559 --> 00:20:39.920 Do we care about boner 51? 00:20:40.240 --> 00:20:41.359 Not bad. 00:20:41.839 --> 00:20:44.480 Index is 32. 00:20:44.799 --> 00:20:45.279 What else? 00:20:45.359 --> 00:20:46.319 Anything else we care about? 00:20:46.559 --> 00:20:47.119 Useless. 00:20:47.599 --> 00:20:48.559 280. 00:20:48.720 --> 00:20:51.039 Uh I am was it I'm I'm B. 00:20:51.200 --> 00:20:51.920 I am D. 00:20:52.000 --> 00:20:52.559 What's the coin? 00:20:52.640 --> 00:20:53.359 I don't even know. 00:20:53.519 --> 00:20:54.480 Oh, this? 00:20:54.880 --> 00:20:55.200 Oh. 00:20:55.519 --> 00:20:58.240 Is this the uh Adam coin or no? 00:20:58.400 --> 00:20:59.200 That's nuts. 00:20:59.359 --> 00:21:05.440 All right, like a week ago, I heard about um like a week ago, I heard about instinct for the first time. 00:21:05.680 --> 00:21:06.720 Okay, I'm gonna be honest. 00:21:06.799 --> 00:21:13.279 I heard about instinct for the first time, and I haven't been like I had an open claw, I still use open claw, I was pretty fired up about it. 00:21:13.519 --> 00:21:19.759 And I haven't really been on top of the ball of these like agent harness type of things because I don't know. 00:21:19.839 --> 00:21:23.440 Uh Bible claw is like good, but it's not that to be fair, it's not that useful. 00:21:23.519 --> 00:21:24.400 It's good at a couple things. 00:21:24.480 --> 00:21:26.000 I don't really use it that much, not that useful. 00:21:26.079 --> 00:21:30.000 And so somebody was telling me about instinct a couple days ago, uh, maybe a week and a half ago. 00:21:30.160 --> 00:21:39.599 Sent me invite code, I downloaded it, and it's basically your agent that you can connect to anything natively through your phone and you talk to it via text. 00:21:39.839 --> 00:21:46.000 And so I did one thing with it that was just like I don't know, I ordered this like product online two weeks ago or something. 00:21:46.079 --> 00:21:47.279 I ordered some product, right? 00:21:47.440 --> 00:21:48.240

And it never came. 00:21:48.400 --> 00:21:52.000 And I couldn't find the email because I forgot the name of the company. 00:21:52.079 --> 00:21:54.799 So I couldn't find the email to even see if I had ordered it. 00:21:54.960 --> 00:21:58.720 And so I messaged my instinct and I was like, yo, can you I order this thing? 00:21:58.799 --> 00:21:59.839 I forgot I don't even know what it's called. 00:22:00.240 --> 00:22:01.359 I forget the company name. 00:22:01.599 --> 00:22:03.759 Can you go find it and like deal with it? 00:22:03.839 --> 00:22:04.640 And it goes, okay. 00:22:04.799 --> 00:22:07.599 So in 30 seconds it comes back to me and it's like, okay, found it. 00:22:07.759 --> 00:22:08.720 They printed the label. 00:22:08.880 --> 00:22:09.519 You did buy it. 00:22:09.599 --> 00:22:10.240 You did pay for it. 00:22:10.319 --> 00:22:11.039 Here's your order number. 00:22:11.119 --> 00:22:15.119 They printed the label, they sent it to the to the U USPS, but it never got picked up. 00:22:15.200 --> 00:22:17.200 It's like stuck at USPS in this location. 00:22:17.279 --> 00:22:18.240 And it's been like two weeks. 00:22:18.319 --> 00:22:19.119 It's been too long. 00:22:19.359 --> 00:22:23.839 Would you like me to draft a complaint email to get you a refund and remind them to send it? 00:22:24.000 --> 00:22:24.880 And I'm like, yes. 00:22:25.039 --> 00:22:31.039 So in 30 seconds it comes back and it's like, um, subject order number 1797666. 00:22:31.119 --> 00:22:32.480 And then it wrote the whole message. 00:22:32.640 --> 00:22:33.599 Like, here's the problem. 00:22:33.680 --> 00:22:34.880 I ordered this product on this date. 00:22:34.960 --> 00:22:36.400 It's stuck here at this location. 00:22:36.640 --> 00:22:41.519 Your refund policy since it takes this many days, please ship it and give me a refund. 00:22:42.799 --> 00:22:43.519 Like send it back. 00:22:43.759 --> 00:22:45.519 Would you like me to send the email? 00:22:45.839 --> 00:22:47.680 And I was like, yes, send the email. 00:22:47.759 --> 00:22:49.920 And it sent the email and then the product came. 00:22:50.079 --> 00:22:54.000 And this might, I don't know, you might disagree with me, but it it felt magical. 00:22:54.160 --> 00:23:03.680 The reason it felt magical is that responding to messages, filtering emails, and calendar sorting is maybe one of the more friction parts of my life. 00:23:03.920 --> 00:23:05.759 And email is really hard. 00:23:05.920 --> 00:23:16.960 And I was just thinking about it that that whole interaction, then that email to complain, to get the order number, to complain, to ask for a refund and to ask for them to resend it. 00:23:20.240 --> 00:23:23.200 That email would have taken me like 10 minutes to write, 15 minutes to write. 00:23:23.279 --> 00:23:25.039 That is not an easy email to write. 00:23:25.200 --> 00:23:26.000 It's just not. 00:23:26.079 --> 00:23:28.960 Like a lot of people look at this and you your brain kind of freezes. 00:23:29.039 --> 00:23:31.200 You're like, this is this is a hard email to write. 00:23:31.279 --> 00:23:31.680 I'm sorry. 00:23:31.759 --> 00:23:33.119 This is a difficult email to write. 00:23:33.279 --> 00:23:35.680 And it's just like it just one-shotted it. 00:23:35.920 --> 00:23:39.920 And immediately after using that, I was like, okay, I get it. 00:23:42.160 --> 00:23:43.920 I obviously get it. 00:23:44.079 --> 00:23:44.960 Obviously get it. 00:23:45.039 --> 00:23:51.359 It's like capability of whatever open claw we've had before, but native to your phone and to your life. 00:23:51.519 --> 00:23:58.079 Like it on it, connect to Google, connect to calendar, connect to my email, connect to my Instagram, connect to my Twitter. 00:23:58.240 --> 00:24:01.119 Just connect to everything with the same capabilities you had before. 00:24:01.200 --> 00:24:02.720 And it's just like it's GG. 00:24:02.880 --> 00:24:04.400 If I use it, I'm like, I get it. 00:24:04.640 --> 00:24:08.480 Zuck has actually launched a new app store for agents today, and meta's perfectly placed to crush it. 00:24:08.559 --> 00:24:10.720 You're looking at a multi-trillion dollar opportunity if they pull it off. 00:24:10.799 --> 00:24:16.160 Instead of apps, agents get a quick with connectors, i.e., plugins to any app, service, or software tool. 00:24:16.240 --> 00:24:17.039 This is what I want. 00:24:17.200 --> 00:24:28.799 Like plug into my notion, plug into my notion, plug into my Google Calendar, plug into my Instagram, plug into my eBay, plug into my Xbox Live or whatever, plug into my Steam, plug into everything. 00:24:29.039 --> 00:24:33.200 Suddenly your agent goes from a useless chatbot to an action-oriented helper that gets shit done for you. 00:24:33.279 --> 00:24:36.240 But here's even better Meta's collected all the data about you. 00:24:36.319 --> 00:24:43.440 They know what you want, when you want it, which means they know exactly which connectors to listen to marketplace, how much to charge because they know what customers will pay. 00:24:43.519 --> 00:24:44.799 It's a master class. 00:24:45.359 --> 00:24:54.640 Muse isn't just some generic agent, it's sitting on a treasured trove of data, and meta can build a trillion dollar business opportunity on top of it. 00:24:54.880 --> 00:25:02.799 Plug in everything, plug everything in, plug in everything to connect to my Notion trove mentioned, connect to my Twitter, connect to my group chats. 00:25:02.960 --> 00:25:03.359 It's funny. 00:25:03.519 --> 00:25:09.279 Meta went from having my Instagram and WhatsApp data to now having access to my email, calendar, DoorDash, Amazon, and pretty much everything. 00:25:09.440 --> 00:25:14.720 The last 24 hours it bought me socks, ordered my Whole Foods groceries, booked a cleaning service, and got me a burger for dinner. 00:25:14.960 --> 00:25:20.400 Meta's last disclosed North American Facebook ARPU is around$227 a year, largely from ads. 00:25:20.559 --> 00:25:26.319 I expect it can push that

number significantly higher now that it understands not only what I look at, but what I need, what I buy, what I'm planning to do. 00:25:26.480 --> 00:25:30.960 Also, the much bigger opportunity might be becoming the aggregation layer between me and the entire internet. 00:25:31.279 --> 00:25:38.400 If meta can take even a tiny percentage of the commerce it facilitates, or the money it saves me, this can become enormous. 00:25:38.559 --> 00:25:41.839 It already saved me$200 by canceling subscriptions and services I no longer need it. 00:25:41.920 --> 00:25:44.079 This feels much bigger than better ad targeting. 00:25:44.160 --> 00:25:46.400 Ads are useful, but giving me money back is even better. 00:25:46.640 --> 00:25:50.559 One additional thought the agent is increasingly making the decisions for me. 00:25:50.720 --> 00:25:52.319 I knew nothing about that burger place. 00:25:52.559 --> 00:25:56.880 The agent researched it, told me which burger I should order, and just said okay, without giving it much more thought. 00:25:57.119 --> 00:26:01.200 Agents are becoming decision makers for both business to consumer, business to business, increasingly. 00:26:01.279 --> 00:26:04.079 Every business will be selling not just to humans but to their agents. 00:26:04.240 --> 00:26:04.559 Okay. 00:26:04.799 --> 00:26:14.720 The thing about it is like most people are beyond willing to just give Meta and your agent whatever access to everything because they're gonna make your life significantly easier. 00:26:14.960 --> 00:26:19.920 Like, I am willing to give it everything, it can connect to everything, it can connect to emails. 00:26:20.240 --> 00:26:22.240 I would like to let it connect to my telegram. 00:26:22.400 --> 00:26:24.960 I would like to let it connect to my phone, iMessage. 00:26:25.039 --> 00:26:26.960 I would like to let I would like to let it connect to everything. 00:26:27.119 --> 00:26:28.880 My hyperliquid API. 00:26:29.119 --> 00:26:30.880 Now there's a good side and a bad side of this. 00:26:31.039 --> 00:26:36.799 The good side for them is meta ads might become the most profitable business in the history of the world. 00:26:36.960 --> 00:26:42.799 Like in the history of the world, it's going to give you the most targeted ad campaigns ever. 00:26:42.960 --> 00:26:45.839 Like it knows exactly what you want, dude. 00:26:46.319 --> 00:26:49.599 It knows exactly what you want before you even know you want it. 00:26:49.680 --> 00:26:54.000 Like it is gonna it will know you are gonna buy your whole life off of meta ads. 00:26:54.079 --> 00:26:54.799 Is it right? 00:26:54.880 --> 00:27:04.400 If everyone's using this and it's connected to everything, it's going to be like it's going to be the most profitable business ever. 00:27:04.720 --> 00:27:13.440 The problem is it is purely dystopian and it knows everything about you, and it's like a huge risk factor, especially if it has everything. 00:27:13.519 --> 00:27:26.880 Like this sets up a very uncomfortable, weird precedent where they have all everything, everything you've ever done, said, liked, clicked on, aged with how long you stared at that post. 00:27:26.960 --> 00:27:36.640 Like they know they will know fucking everything about you, and it sets up this pretty brutal privacy vector situation. 00:27:36.960 --> 00:27:44.160 Now, my thought process obviously is that it means Zek is gonna go really high. 00:27:47.359 --> 00:27:48.960 It means Zek is gonna go really high. 00:27:49.119 --> 00:27:50.799 This privacy stuff is gonna go really high. 00:27:51.039 --> 00:28:00.079 But at the same time, I think to myself, like, I'm a Zek buyer and I'm also willing to give Meta my entire life without much restraint. 00:28:00.240 --> 00:28:01.759 Like, I'm kind of just like, take it. 00:28:01.920 --> 00:28:05.680 I'm sort of like thankful that I'm giving it to Meta. 00:28:05.920 --> 00:28:06.960 Like, thank you for taking it. 00:28:07.039 --> 00:28:10.319 I'm saying thank you for stealing my data because I I want the product to be better. 00:28:10.400 --> 00:28:13.119 Like, I'm willing to basically give everything if the product is better. 00:28:13.440 --> 00:28:20.880 So I don't know what's gonna happen, but I would highly recommend everybody go try one of these personal systems out and tell me what you think. 00:28:20.960 --> 00:28:22.640 Tell me if I'm completely off size and wrong. 00:28:22.720 --> 00:28:23.680 Because I don't think I am. 00:28:23.839 --> 00:28:24.799 I don't think I am. 00:28:25.039 --> 00:28:28.000 All right, quick market crypto update. 00:28:28.240 --> 00:28:34.720 Um, first of all, JCal, everybody wants to be a trader, even if they are legendary angel investors. 00:28:35.119 --> 00:28:38.559 The dead cat bounce continues to bounce. 00:28:38.799 --> 00:28:41.759 What is Bitcoin 17 years later? 00:28:42.079 --> 00:28:44.400 It's not great for transactions or smart contracts. 00:28:44.480 --> 00:28:49.119 The user experience is still intimidating for most, and it's no longer capturing the public's imagination. 00:28:49.279 --> 00:28:59.839 Nothing about this user experience is intimidating, but if it comes up at a dinner party, it's followed by a hearty remember that it's a boring store of value, trusting, trusted is that which is its biggest value. 00:28:59.920 --> 00:29:00.640 It's boring. 00:29:00.799 --> 00:29:05.119 Folks expect Bitcoin to be stable, but it's and that it's no longer a way to get rich quick. 00:29:05.440 --> 00:29:10.240 Institutions of bracing and accumulating, it took Bitcoin from punk rock to muzok. 00:29:10.480 --> 00:29:11.359 What is that? 00:29:11.920 --> 00:29:13.119 What does that even mean? 00:29:13.920 --> 00:29:22.240 It's a brand name for recorded background music playing in public spaces like elevators, offices, and stores to create a soothing, unobstructive atmosphere. 00:29:22.480 --> 00:29:23.839 I did not know that had a name. 00:29:23.920 --> 00:29:25.440 I thought it was just like

elevator music. 00:29:25.680 --> 00:29:26.960 Punk rock to muzok. 00:29:27.279 --> 00:29:33.920 Advocates went from pirates to suits and orange ties, awkwardly sharing cringe memes, just like the cool kids do. 00:29:34.240 --> 00:29:38.640 If Bitcoin were going to reach mass adoption in an important use case, it does better than anyone else. 00:29:38.720 --> 00:29:39.759 It would have by now. 00:29:40.000 --> 00:29:49.920 Bitcoin feels like the CD in the age of Shopify or in the age of Spotify, the DVD in the age of Netflix, a bridge technology that folks who invested in their collection keep saying is the better experience. 00:29:50.160 --> 00:29:59.279 Perhaps Bitcoin is vinyl, cool memories and fun to drag out and put on display, but a technology that served us to get us to where we are at now. 00:29:59.680 --> 00:30:06.720 Fun fact, which I also read this, is that Jason's wife bought Bitcoin at$300 and outperformed his Uber investment. 00:30:06.799 --> 00:30:07.359 I did hear that. 00:30:07.440 --> 00:30:10.960 I don't know if that's how true that is, but all right, I have a take for you. 00:30:11.119 --> 00:30:13.039 I have a take, I have a couple takes for you on this. 00:30:13.200 --> 00:30:20.319 Number one is I just like people's expectations short term are way too high and long term are way too low. 00:30:20.480 --> 00:30:22.960 And Bitcoin's worth more than meta, bro. 00:30:23.440 --> 00:30:28.480 It's a 17, it's a 17-year-old asset and vented an asset class. 00:30:29.279 --> 00:30:32.559 And it's it's it's worth like one and a half trillion dollars. 00:30:32.799 --> 00:30:43.759 Like I think people I think people deeply underestimate and underappreciate just how massive Bitcoin has become, how big it is, how massive it's become, right? 00:30:43.839 --> 00:30:46.400 Like a couple X's from here, and it's the most valuable asset. 00:30:46.640 --> 00:30:51.920 Like it's it's more valuable than the most valuable uh public company, has a long way to go to catch gold. 00:30:52.160 --> 00:31:02.799 But I think people again, this is part of my thesis on buying alts right now, is people are deeply underappreciating how reflexive these assets can become. 00:31:03.039 --> 00:31:12.960 Um, and I also think it does serve a very clear purpose in the market right now, which is that the entire US stock market is correlated and betting on AI. 00:31:13.119 --> 00:31:18.160 Everything like the like the GDP of America is like bet on AI succeeding. 00:31:18.319 --> 00:31:19.599 Everything is bet on AI. 00:31:19.759 --> 00:31:24.240 This is what this is one of my thesis theses for Bitcoin a while back. 00:31:24.319 --> 00:31:30.079 It kind of didn't feel like a great one, but it was like it's the the stock market is like a correlation of one right now. 00:31:30.240 --> 00:31:32.160 Everything is a bet on AI, all of it. 00:31:32.480 --> 00:31:37.440 All the mags are, all the memory stuff is, all the neo cloud stuff is the photonic stuff. 00:31:37.599 --> 00:31:39.440 Um, everything has become an AI trade. 00:31:39.519 --> 00:31:41.279 All birds shoes became an AI trade. 00:31:41.359 --> 00:31:47.920 It has like a correlation of one in stocks, and Bitcoin is like the one thing that's not, it's just not, it's not correlated. 00:31:48.400 --> 00:31:51.759 AI went up only, and Bitcoin was just completely chutting it out. 00:31:52.079 --> 00:32:00.880 And so I think the best case scenario for a BTC from here is that 20 like the last couple years were like the lost half decade for Bitcoin. 00:32:00.960 --> 00:32:10.799 Two of King talks about the lost decade, it was like the lost half decade for BTC, and it's over or it's close to over, and the upside becomes really stupid again. 00:32:10.960 --> 00:32:19.200 Because even now it's like you think about people's targets for Bitcoin are like 100k, maybe, maybe 126, new ATH. 00:32:19.440 --> 00:32:23.519 There's no one doing a million, a million BTC again. 00:32:23.680 --> 00:32:26.880 There's no one doing like a couple million BTC like they used to. 00:32:27.039 --> 00:32:34.319 What's the what's the is it Cal lost uh lost decade from Cal XYZ underscore whose thesis is this? 00:32:34.480 --> 00:32:35.200 Yeah, here it is. 00:32:35.359 --> 00:32:39.200 If price sustain is much lower from here, then we are staring at the potential lost decade for crypto. 00:32:39.359 --> 00:32:40.720 Not the most unreasonable thing to imagine. 00:32:40.799 --> 00:32:48.000 AI had multiple lost decades on its road to the present day, and it's an advantage for long-term oriented holders for everyone else. 00:32:48.240 --> 00:32:49.359 Dot dot dot. 00:32:50.160 --> 00:32:51.440 It's a classic tweet. 00:32:51.519 --> 00:32:55.039 Um, because I remember like reading this and feeling fucking scared for my life. 00:32:55.279 --> 00:32:56.240 Pico bottom. 00:32:56.400 --> 00:32:58.000 Basically pico bottom. 00:32:58.319 --> 00:32:59.839 Lost decade is nuts. 00:33:00.079 --> 00:33:04.880 One of the funniest interactions I've seen in a long time is Togi bought MSTR. 00:33:04.960 --> 00:33:06.160 Everyone knows who Toge is, right? 00:33:06.480 --> 00:33:07.920 He's one honestly one of my favorite influencers. 00:33:08.000 --> 00:33:08.559 I think he's hilarious. 00:33:08.799 --> 00:33:17.440 Togi bought MSTR and he started tweeting and was asking, can somebody explain to me why I should own MSTR over Bitcoin? 00:33:17.599 --> 00:33:18.160 Like, why? 00:33:18.319 --> 00:33:22.000 And everyone's like, well, because if Bitcoin goes up, MSTR will go up more. 00:33:22.079 --> 00:33:23.759 And he's like, okay, I know that, but why? 00:33:24.000 --> 00:33:27.200 And like, because you can outperform Bitcoin by by holding MSTR. 00:33:27.279 --> 00:33:28.960 And he's like, okay, I know that, but why? 00:33:29.119 --> 00:33:30.720 Can somebody explain why? 00:33:30.960 --> 00:33:33.920 Explain to me why I should hold it over BTC. 00:33:34.160 --> 00:33:40.960 And after like three days of

interactions, he just had like a full-blown crash out, started cussing everybody out, calling MSTR holders slurs, slurs. 00:33:41.119 --> 00:33:41.759 It was nuts. 00:33:41.920 --> 00:33:46.480 It's like average MSTR holder after one hour of trying to understand why you should hold this. 00:33:46.640 --> 00:33:48.319 And to this day, I don't get it. 00:33:48.480 --> 00:33:49.599 To this day, I don't get it. 00:33:49.759 --> 00:33:50.160 I don't. 00:33:50.319 --> 00:33:54.000 Why does Sailor Bitcoin have a premium over Thread Guy Bitcoin? 00:33:54.079 --> 00:33:54.480 Why? 00:33:54.640 --> 00:33:55.519 Well, I don't get it. 00:33:55.599 --> 00:33:56.079 Why? 00:33:56.240 --> 00:33:59.599 I still to this day do not understand the MSTR thesis. 00:33:59.759 --> 00:34:04.319 And the dad thing is just like to this day, I just don't know why you would hold it. 00:34:04.480 --> 00:34:05.119 Really, I don't. 00:34:05.359 --> 00:34:10.079 Meta to build a new undersea cable connector in the United States and France, capable of carrying one meta bit per second. 00:34:10.159 --> 00:34:13.519 Dude, this meta thing is going to drive me off the fucking wall. 00:34:13.679 --> 00:34:13.920 Wow. 00:34:14.079 --> 00:34:14.719 Look at it go. 00:34:14.880 --> 00:34:15.360 Oh, dude. 00:34:15.519 --> 00:34:16.079 Look at it go. 00:34:16.400 --> 00:34:17.360 Meta 112. 00:34:17.440 --> 00:34:19.360 The GOAT, one of the greatest to ever do it. 00:34:19.599 --> 00:34:21.679 Warren Buffett retired on Friday. 00:34:21.920 --> 00:34:24.800 Warren Buffett, one of one of the greatest to ever do it. 00:34:25.440 --> 00:34:33.599 And I have a sheet in front of me of Berkshire Hathaway return every year versus the SP. 00:34:33.679 --> 00:34:35.280 And it's pretty nuts. 00:34:35.599 --> 00:34:36.719 It's pretty fucking nuts. 00:34:36.880 --> 00:34:37.920 Shout out to the GOAT, man. 00:34:38.000 --> 00:34:43.199 1965, Berkshire, 49.5% versus 10% SP. 00:34:43.360 --> 00:34:44.239 1996. 00:34:44.320 --> 00:34:47.440 He he did underperform 96 and 97 underperformed. 00:34:47.599 --> 00:34:53.760 Back to back.7. 00:34:53.920 --> 00:34:58.239 He was up 13.3 versus 30.9, which is insane. 00:34:58.400 --> 00:35:02.559 What the fuck happened in what happened in 1967, by the way? 00:35:02.800 --> 00:35:10.800 Stock market because the Federal Reserve ease monetary policy to enter a soft landing after mild economic slowdown, triggering a massive speculative wave during the go go years. 00:35:10.960 --> 00:35:12.239 The great 67. 00:35:12.400 --> 00:35:15.760 Biggest stock gainers of 1967 was what? 00:35:16.079 --> 00:35:19.599 McDonald's returned 194%. 00:35:20.800 --> 00:35:25.760 IBM, Johnson Johnson, Xerox, Coca-Cola, Walt Disney, and HP. 00:35:25.920 --> 00:35:27.360 That is fucking nuts. 00:35:27.599 --> 00:35:33.360 68, he returned 77% against 11. 00:35:33.599 --> 00:35:35.760 19 and 90 in 69. 00:35:35.920 --> 00:35:42.159 He beat it in 70, crushed it in 71, 80.5, underperformed 72, 8.1 versus 19. 00:35:42.400 --> 00:35:45.679 73 again, underperformed 2.5 versus 15. 00:35:45.920 --> 00:35:47.599 That's a couple misses back to back. 00:35:47.760 --> 00:35:51.280 In 74, he returned to 50% against 26. 00:35:51.440 --> 00:35:52.880 75, he also got crushed. 00:35:52.960 --> 00:35:54.559 2.5 versus 37.2. 00:35:54.639 --> 00:35:55.840 What happened in 75? 00:35:56.239 --> 00:35:59.679 Biggest stock gainer in 1975. 00:36:00.320 --> 00:36:00.960 Target. 00:36:01.280 --> 00:36:02.960 Target lazy boy. 00:36:03.119 --> 00:36:04.960 Trinity Industries Coca-Cola. 00:36:05.119 --> 00:36:06.639 Yes, and Walmart. 00:36:06.880 --> 00:36:11.599 Imagine giving these brothers the A AI and oh, those are those are red. 00:36:11.679 --> 00:36:12.639 Am I fucked that up? 00:36:12.719 --> 00:36:13.840 Parthes is red. 00:36:14.239 --> 00:36:15.199 Oh, you're right. 00:36:15.440 --> 00:36:18.639 Wait, he lost 48% in 74? 00:36:18.800 --> 00:36:19.599 You're right, actually. 00:36:19.760 --> 00:36:22.480 He lost 48% of the entire company fund. 00:36:22.800 --> 00:36:24.719 He lost oh, I didn't really realize that actually. 00:36:24.800 --> 00:36:25.119 My bad. 00:36:25.199 --> 00:36:25.840 There's a couple of these. 00:36:25.920 --> 00:36:27.920 Okay, so he giga outperformed some of these years. 00:36:28.000 --> 00:36:29.280 He underperformed this in 70. 00:36:29.519 --> 00:36:31.360 He was on 48.7%. 00:36:32.719 --> 00:36:35.119 Buffett fund in what the hell? 00:36:35.280 --> 00:36:36.320 In 74. 00:36:36.559 --> 00:36:38.239 Brothers, if you're down, don't worry. 00:36:38.480 --> 00:36:39.599 Severe bear market. 00:36:39.760 --> 00:36:40.480 Holy shit. 00:36:40.639 --> 00:36:42.480 His own net worth fell 50%. 00:36:42.960 --> 00:36:43.599 Famous quote. 00:36:43.679 --> 00:36:48.480 He told Forbes he felt like an oversexed guy in a whorehouse regarding cheap stock valuations. 00:36:48.559 --> 00:36:51.440 He actively bought shares of undervalued companies like the Washington Post. 00:36:51.599 --> 00:36:51.920 Wow. 00:36:52.079 --> 00:36:55.119 Okay, he was he lost 50% of watch this, watch this. 00:36:55.360 --> 00:36:55.920 Okay, watch this. 00:36:56.239 --> 00:36:57.519 Here's a comeback story for you. 00:36:57.679 --> 00:37:01.679 He loses 58% of his fund, 48% of his fund versus 26. 00:37:02.079 --> 00:37:07.440 The next year, he returns 2.5% against 37% of the SP. 00:37:07.599 --> 00:37:10.880 And he's like, they're probably like, this is the worst trader of all time. 00:37:11.280 --> 00:37:24.960 And then the next year, he returns 130% against 23, then 47% against minus 7.4, then 15 against 6.4, then 102 versus 18. 00:37:25.199 --> 00:37:25.840 Jenny. 00:37:26.000 --> 00:37:27.920 Then he goes 32 against 32. 00:37:28.000 --> 00:37:35.199 And then he goes 31.8 against minus 5, 38 versus 21, 69 versus 22. 00:37:35.440 --> 00:37:36.239 Sun run. 00:37:36.639 --> 00:37:37.440 Sun run. 00:37:37.760 --> 00:37:38.239 84. 00:37:38.320 --> 00:37:39.039 He had a

rough year. 00:37:39.119 --> 00:37:40.639 Minus 2.7 against 6.1. 00:37:40.719 --> 00:37:43.920 Then he goes 93.7 against 31. 00:37:44.079 --> 00:37:48.480 And 87, the Black Monday, 4.6 against 5. 00:37:48.639 --> 00:37:52.719 Then he goes 59 versus 16, 84 versus 31. 00:37:52.800 --> 00:37:55.280 Then he loses 23% of the entire fund against 3%. 00:37:55.760 --> 00:38:03.280 Next year, Binks 35.6 against 30, 30 versus 7, 39 versus 10, and 25 versus 1. 00:38:03.519 --> 00:38:07.360 1977, dude he did 47 against minus 7. 00:38:07.519 --> 00:38:09.679 Wait, 1997 is when he left his wife. 00:38:09.840 --> 00:38:11.440 Warren Buffett leaves. 00:38:11.840 --> 00:38:22.719 Wow, his brother, his wife left him in 1977, and he returned 47% while the SP did minus 7.4. 00:38:22.800 --> 00:38:27.679 Is the best year of his career when his bitch wife stopped looking over his fun trades? 00:38:27.920 --> 00:38:28.400 Wow. 00:38:28.639 --> 00:38:31.360 He got a divorce and had the best year of his career. 00:38:31.519 --> 00:38:33.039 Lesson in there somewhere. 00:38:33.199 --> 00:38:37.280 Okay, then he does 57 against 37, 6 against 23. 00:38:37.440 --> 00:38:37.920 Bad year. 00:38:38.079 --> 00:38:42.079 Followed up by 35 against 35, 52 versus 28. 00:38:42.239 --> 00:38:44.400 He was not much of a dot-com trader, by the way. 00:38:44.639 --> 00:38:45.599 Minus 20. 00:38:45.920 --> 00:38:46.400 This is rough. 00:38:46.480 --> 00:38:47.199 99. 00:38:47.760 --> 00:38:50.800 He went minus 20 while the SP did 21%. 00:38:51.440 --> 00:38:53.119 That's a rough year. 00:38:53.440 --> 00:38:54.719 Now he's kind of cooked. 00:38:54.880 --> 00:38:57.039 He did 20, but then he bounced back the next year. 00:38:57.199 --> 00:38:59.280 Plus 27 against minus 9. 00:38:59.440 --> 00:39:01.440 Plus 6 against minus 12. 00:39:01.679 --> 00:39:03.920 Minus 3.8 against minus 22. 00:39:04.159 --> 00:39:05.760 Plus 16 against plus 29. 00:39:05.920 --> 00:39:07.039 Plus 4 against plus 10. 00:39:07.280 --> 00:39:09.119 Last versus plus 5. 00:39:09.760 --> 00:39:14.079 He lost 31 in 228 in 2008 against minus 37. 00:39:14.159 --> 00:39:15.599 Well, that's P went down to 37%. 00:39:16.159 --> 00:39:19.440 Next year, he bounced back plus 2.7 while SP to 27. 00:39:19.679 --> 00:39:20.719 Anything else crazy? 00:39:21.360 --> 00:39:24.400 2015 he was minus 13 while the SP was plus one. 00:39:24.800 --> 00:39:27.119 2022, he was plus four against minus 18. 00:39:27.440 --> 00:39:30.400 25, he was plus 11 versus plus 18. 00:39:31.119 --> 00:39:31.519 Damn it. 00:39:31.599 --> 00:39:33.360 He's kind of been ass the last decade. 00:39:33.519 --> 00:39:36.000 He kind of had an ass closure here. 00:39:36.159 --> 00:39:36.880 Not gonna lie. 00:39:37.039 --> 00:39:38.159 Like pretty underwhelming. 00:39:38.400 --> 00:39:39.760 Fell off the 2000s bad. 00:39:40.000 --> 00:39:43.119 Pretty much the Buffett Heyday was like these years. 00:39:43.440 --> 00:39:54.639 He had one, two, three, four, five, six, seven, eight of like from from 76 to 83, he was like the greatest of all time. 00:39:54.800 --> 00:39:59.440 And then he did it again in like yeah, 70s and 80s, he was that dude. 00:39:59.679 --> 00:40:03.280 When was insider trading made illegal? 00:40:03.599 --> 00:40:04.320 Can't find it. 00:40:04.559 --> 00:40:06.000 Oh, yeah, in the year 2000. 00:40:06.239 --> 00:40:10.719 Established strict ethical boundaries regarding insider and trading, how corn corporate information is shared with the public. 00:40:10.960 --> 00:40:12.559 And he like never had a green year again. 00:40:13.039 --> 00:40:13.599 2000. 00:40:13.840 --> 00:40:34.000 Red, red, red, red, red, green, green, red, red, green, red, red, barely green, barely green, green, red, green, red, red, green, red, super red, barely green, red, red, barely green, red. 00:40:34.400 --> 00:40:34.960 Damn. 00:40:35.119 --> 00:40:37.599 It's like John Jones before steroids were banned. 00:40:37.840 --> 00:40:38.320 Fuck. 00:40:38.559 --> 00:40:40.960 You told me my GOAT was just inside our trading. 00:40:41.199 --> 00:40:41.679 Sheesh. 00:40:42.400 --> 00:40:47.679 And if you are new here and you liked what you saw because you should, I'm live every morning at 8:30 a.m. 00:40:48.000 --> 00:40:49.360 S Monday through Friday. 00:40:49.440 --> 00:40:51.920 No skips, no misses, no nothing, bro. 00:40:52.079 --> 00:40:52.800 No nothing. 00:40:53.039 --> 00:40:55.760 No nothing but fucking three hour streams every day. 00:40:55.840 --> 00:40:56.559 I love you. 00:40:56.719 --> 00:40:57.519 I appreciate you. 00:40:57.679 --> 00:40:58.239 I'm leaving. 00:40:58.320 --> 00:40:59.280 I got a lot to do today. 00:40:59.360 --> 00:41:00.639 I'm gonna go hit legs at the gym. 00:41:00.719 --> 00:41:04.239 I'm gonna read my book and we are going to make some fucking money. 00:41:04.400 --> 00:41:05.039 I appreciate you so much. 00:41:05.199 --> 00:41:06.239 8 30 AM EST. 00:41:06.320 --> 00:41:07.119 I'll be here tomorrow. 00:41:07.199 --> 00:41:08.159 I'll see you tomorrow. 00:41:08.320 --> 00:41:09.119 All platforms. 00:41:09.199 --> 00:41:09.679 I love you. 00:41:09.840 --> 00:41:10.480 I'm out.