Transcript
Speaker: Hello everyone, my name is Bobby. I'm here to let you know Lance is a dipshit. He's decided to use the intro music he wrote for last week's episode right now.
Speaker: You might be wondering why he's doing this, since the song is completely unrelated to the content you're about to listen to. Lance says he's releasing it now because he didn't finish it in time.
Speaker: I just think he's a dipshit. It's not like I'm a P.O.S. is on a production schedule. He could have waited to release the High School Reunion episode after he finished his dumb intro song.
Speaker: The song itself is useless. It basically repeats the word trim over and over again. It's like trim, trim, trim, trim. It sucks, but here it is anyway.
Speaker: Chubbin' buck trim
Speaker: Here's the deal, Matt. Here is the effing deal. If you are not 100% invested in ticker TQQQ, you're a pussy.
Speaker: Isn't that a Vanguard tech fund? No, it's a triple levered NASDAQ fund. Oh, NASDAQ fund. But it's Vanguard, right?
Speaker: No. it'ss it's I don't know who ah know who manages that fund. But if you're not invested in that and you're not willing to accept three times the volatility, you're a pussy because this thing is only going up as far as I can tell.
Speaker: Look these banana plants behind me, dude. Dude, this couldn't be this couldn't be a better better timing because I just... ah I opened some E-Trade accounts for my kids, like and I'm looking at what what to do.
Speaker: So just make it rain on me, dude. I'm i'm i'm interested in SpaceX because I think whether we like it or not, that's one of the five people that will control the world. Seems like it seems like it's good to be in his corner.
Speaker: Elon, but ah what's your what's your take right now, dude, with tech? You think it's like it's there's a bubble created or you think that ah it's false, what is it, like false false valuations?
Speaker: Is that your issue? No, I actually think it's going to keep going straight up forever. that sarcastic? I kind of agree with you because it's so aligned with the power the power brokers and stuff. like it like if you It's like they control the narrative, so why would it ever go down?
Speaker: Yeah, no, I think it's perhaps the most ah risky capital expenditure experiment in the history of capital expenditure. But this is a long ass experiment, though. Like we talked a little bit offline. Like it's like we haven't had ah a huge market dip besides COVID, maybe, what'd you say, 22, like in a long time, right?
Speaker: Right, right. It's just, ah it appears to be unsustainable. Because if so many different companies are pursuing it, as hot as they are, it's hard to see how they all win.
Speaker: So then you're right, the narrative is, I mean, they own the narrative, the narrative is in the populace. I think retail investors are piling in. as we speak, you know, as it gets more top heavy.
Speaker: Obviously some things have pulled back or whatever recently, but tech is where it's at and you need to be triple levered. I don't even know what to do with this. thing I'm so afraid that I'm giving the, giving the crack at addict, the crack, even having this conversation, dudes.
Speaker: What you what's your, not to reroute this, but you're just, what what are you doing here? What are we doing? You're not making moves on your portfolio of this. You're just kind of reading, drinking your coffee, reading what's going on and going, Boy, this just keeps getting worse.
Speaker: I just go, wow. I just go, wow. Like every day I feel like one of these major companies is ah raising more cash. And so like, I think I read today, Meta was raising another 85 billion or something. And then Anthropic had good growth. So their projected IPO is off the charts. And so there's all of these...
Speaker: really obscene valuations that I think the people would be called Luddites or just old boys, perma bears or whatever by looking at this with some skepticism. And yet it's a similar dynamic that's happened you know prior to all financial crises. There's just like a setup that's like ah really overblown and you know things typically will happen out of that.
Speaker: um Unless you truly believe the number will go up no matter what, always get the triple levered QQQ, which is the NASDAQ, all the tech companies and get it triple levered so that you can, and you know, if it goes up another 50%, you get 150%.
Speaker: Why not? Let's fucking roll, bro. Let's roll, bitch. The, the, I did read ah about the Amthropic file for their, uh, for their IPO and,
Speaker: The numbers are like... It's crazy how I'm reading these numbers and it doesn't it doesn't seem... The numbers are insane, but I'm reading it it just seems normal now. you know I know.
Speaker: Like 30% earnings growth, 40% earnings growth is normal or whatever it is. I don't know theirs is. Theirs might be like 100 something. I didn't read it. Well, just if you're like... Yeah, the the the amount the revenue generation, the loss generation, the investment generations are like... you know Especially if you look at... a If you look at like what's the GMP of a country where I am in Costa Rica, these companies are like way, way bigger, more powerful, like a lot of them. Like they're they're these companies are basically like sovereign nations now.
Speaker: Yeah, yeah, yeah. And at least valuation-wise. But even revenue, it's like crazy. Right, right. Yeah, and these old boys these old boys keep talking about small cap and reversion to the mean, and which means like eventually those smaller companies will have better returns. And it's just hard to see that that's possible in this environment where small companies...
Speaker: will outpace these monopolies. And it's like, ah you just there's no way to know how to invest right now. And there's those people, a lot of them I associate with that are like, never market time.
Speaker: You just let you ride it up, you ride it down, you ride it back up, it always goes up. And, you know, sometimes when I see all this madness, I just think back to Japan and the in the 80s when that motherfucker crashed so hard it took, I don't know, 20 years for it to break even. Yeah.
Speaker: They're still kind of in it if you talk to a Japanese person, like wage, stagnant wages. but for Sure. Sure. So I don't know what will happen. I just think it's interesting to watch. so But for a kid, like if you want to make a big bet, I think it for your kid, it's basically a it's a bet on a single company.
Speaker: I mean, that to hit a home run, that's fine. But also get them like some sort of broad-based exposure if you're going to actually invest for them. And I would not just do the U.S. I would add some... some global exposure, bro.
Speaker: So there's no way that you you don't feel like there's a way that, what is it? The Magnificent Seven or some of these these bigger companies, Meta, Google, ah was it Amazon? i don't know who they all are, but like they found the, they felt like after what, the market's been around for a hundred years or whatever, the the way it works. And you you don't think they found the magic bullet of like,
Speaker: they're sort of market uh recession tragedy proof because they're so intertwined in our lives and like i mean i kind of wonder are any of these going the way a blockbuster like is there something that comes out and we just go oh that's not relevant anymore oh ah almost certainly so some of them will become irrelevant i don't know how long it'll take 40 years 50 years five years or merge or whatever Yeah, yeah. I think you're the dynamics.
Speaker: I think what the experts say is the dynamics of what they call quantitative easing or um you know bringing the interest rate to zero and providing liquidity to the market, which props up equities.
Speaker: that' That's gonna be harder to do, you know given well given where the risks are in terms of the size of our our debt. And so that's propped up. risk taking for decades since after the financial crisis.
Speaker: ah And that's interesting to figure out what happens here. Like if the government comes in and starts cutting interest rates, I think bondholders, Lance's opinion, don't take this financial advice, but bondholders might get very skeptical of that type of action and actually demand a higher interest rate because the US is getting so bloated debt wise. So then the old boys, all the old boys are like, better get you some gold.
Speaker: And then all the young bucks are like Bitcoin, motherfucker. It's a strange environment. I think it's fun to watch. i was going to say, do you like it? You think it's, there's always a play, which is what we've learned no matter what. There's always a play, right? Like, is and you think it's a fun environment or you think it's like risking mankind and all its, all its value of mental health and social stability?
Speaker: Well, the the financial markets are fun to watch, but that's a different question. Yeah, the AI thing, like it still remains. like Who really wants this and who really wants to hear executives say, this could kill us all? I mean, who who really ah goes, oh, sweet, I guess I'll put my hard-earned money into this shit. it's a That's a strange dynamic for sure.
Speaker: It's fucked up that you almost... you're goingnna You're going to feel like you missed out if you don't have some investment in this thing that supposedly could kill us all. like You're like, oh, fuck, i i I kind of have to go along for the ride.
Speaker: ah or And this might might be my demise at the same time. That's a crazy position, but that's kind of where the whole market is pretty soon as these IPOs start to happen.
Speaker: Yeah, but who do the benefits accrue to is the question. And so is are the people building it, are they going to continue to have a number go up situation? That's hard to see. Or is it going to be the the companies with trusted brands that implement AI that are actually going to see the benefit? But at the same time, you have a dynamic where 25% to 40% of the white-collar workforce is is going to get obliterated likely. Yeah.
Speaker: Because the that that intellectual work is is going to be offloaded to AI. It's obvious. So how do the this does that take shape? Because that's essentially deflationary if people aren't working.
Speaker: They're not going to buy as much. Yeah, there's, I don't know. I mean, I do, I do, I go back and forth as, as I mentioned too many times, I'm kind of a believer now of some of the the AI fears as I, as I keep taking in podcasts and documentaries.
Speaker: But then, you know, my son likes watching some of these documentaries about war and and learning about the U S since their education is more about Costa Rica and France. And so he's been watching a lot of stuff about the cold war and I'm sure,
Speaker: how we feel right now about AI, the whole everyone thought that nuclear you know nuclear capabilities were going to be the end of mankind. And they still could. now if you mix the two things together, it's it's even scarier. but like we did come through some pretty big stuff. we we've we We've created the ability to annihilate ourselves a while ago.
Speaker: And so i so a little bit it's like, oh, well, we didn't fuck ourselves too hard yet with nuclear energy. maybe Maybe AI will just be this thing that comes and we figure out. um But it's it is a weird, like it's pretty weird. I don't know, like, you know, I don't know if it's, what is something like the internet, for example, the internet, a lot of ah a lot of things changed when the internet became relevant.
Speaker: And its it might just be something to figure out, like, right, AI is going to change the workforce, change workload, change the world. you have to be scared of it or embrace it Yeah, yeah, yeah. For sure. all All good points. You probably have no option but to embrace it or build the compound.
Speaker: But you need money to do that, and you might need to invest in AI to get there. I'm more talking to myself. but ah Yeah, yeah, yeah, yeah, yeah. ah Well, one one thing you said about ah destroying the human race, there's some knuckleheads. I don't know who they are. They're like experts that have some sort of annihilation clock or...
Speaker: apocalypse clock. It's like expert scientists all across the world or something. And they come to some conclusion. And I guess it's like they they moved the dial to extremely close to 12 o'clock, 12 o'clock indicating our, our annihilation. And just like,
Speaker: There's too much shit that you can access as a human being to create fear. Now it's like all the information is there instantaneously and then you can cross connect all these dots and sort of build your own narrative about how everything's gonna go to shit. I do personally think AI presents some ah unique risks, if for nothing else, to rapidly destroy people's means of making a living. And and maybe they figure something new out, but whatever, it just comes too quick than from previous ah innovations. But yeah, it's a strange ass time to absorb all this information.
Speaker: And it makes, some days it makes me mentally ill, quite quite honestly. And so, yeah, wow. ah What's kind of funny is things like this this ah this world that I've heard about that for a while, and a lot of it it was usually tied to like global warming and and how we're going to... but like Even before AI, that clock was kind of sinister.
Speaker: But it's funny how something like that is almost like a fun thing to talk about in the office before you get to work. It's like, you heard that? I mean, even even the AI stuff, it's almost like kind of laughing about it. But it's insane yeah what we're doing.
Speaker: Right. Right. Like if you start, if you go down, if you look at, if you know, if you, are you a history buff? Would you say you do you look at history a lot? I dabble. I dabble, bro.
Speaker: I think about history now because my kids are in school and, and they talk about it. And so, but there's no Like history can give you some strength where you're like, well, we've been trying to screw ourselves for for a million years and we're still here, but it could also, that same thought is why I believe that we might kill ourselves with AI. Cause like, we we can't stop fucking ourselves. Like, you like how many, like, we just can't stop putting people in in a place of power that have, that are just not mentally stable.
Speaker: i mean, it's like it's almost a requirement for for some sort of political power is is mental instability. And so I don't know. We've survived, but it's like at some point we'll find a way. We're like, all right, all the things that we've we've been we've been bad at for thousands of years is going to will catch up to us.
Speaker: Maybe. i Might, might. Yeah. I mean, the same personality characteristics that allow you to believe that you should be leading the free world or leading some major kind country are also counter pressures for being healthy.
Speaker: You know, means you're probably a little psycho. Now, Trump's a unique example, like of total bad shitness. But every politician, even like an Obama, has sort of of a high ego, borderline narcissism.
Speaker: Or extreme purpose is just hard to say. And extreme purpose is also potentially dysfunctional, in my opinion. You wouldn't need extreme purpose if we weren't constantly doing stupid shit to each other.
Speaker: That's like the only reason you need extreme purpose. Which again is why you buy TQQQ because Utopia is coming and it's gonna be important in Utopia that you stockpile mass cash.
Speaker: Do you ever think about that? How incongruent it is that invest in this so you so you've so you're okay but also realize there'll be a Utopia where you won't need money anymore? That doesn't make any sense.
Speaker: Yeah, maybe ah you won't have access to your money anyways, you know? Right. Yeah. I don't know. I don't know how to play it. You mentioned this a while ago, though, when you were talking about your kids, you were like, yeah, I think the only thing I can, the only thing I can do is encourage them to save and invest because the job market's going to be so weird and you probably still feel that way. Although like you're almost saying as well, though, that investments might be at risk because the the market's completely inflated and that might, that might be just as risky. Right.
Speaker: Well, long not long not long term, yeah. and this In the near term, it just does feel like a time where you might wanna hedge a little bit. if you're Depending on your age, you might wanna have different investment vehicles. And we can talk about a balanced portfolio, Matt, if you want, but but you might wanna do that as opposed to do my original recommendation, which is go all in on TQQQ.
Speaker: But for the kids, what do you tell them? What do you tell them? Like go into the trades? How quit how many years before that it's a saturated idea? Like how many fucking plumbers do we need? How many electricians and all that? And do you really want to do that work? It might be lot farther out, but that might be at risk too with robotic innovation and stuff like that.
Speaker: Right. So there's no real answer. there's And nobody knows exactly what field to go into. It's just... you know Follow your heart, Matthew, follow your heart. But like, I think, don't you think, and I want to get to this as the meat of the conversation, don't you think all this chaos, these huge factors, global warming is still a major worry and it played out a lot this year.
Speaker: AI, the wars, bat shit politics across the the world effectively, got to be contributing to people's weirdness and pathologies and mental illness. i because i And here's why I came up with idea for today, because I was volunteering and just was around some people who were also volunteering, and I just walked away going, damn, some weird motherfuckers. Some weird motherfuckers in there.
Speaker: Just weird. So is this new or is this just mankind? I, my ah hypothesis is that the access to these narratives and strong cases to support the narrative, especially if you use AI, yeah, yeah you can, and and then there this was always here for the last decade, right, of going down rabbit holes with Facebook or whatever, YouTube.
Speaker: But these are these are strong narratives that you can make a strong case for and you can spiral and it can feed your your pathology, your your whatever your underlying issues are. If you're anxious about death.
Speaker: Yeah. I mean, I don't know. It's the same thing where you look at like history versus what's going on for today. But like when you're in a you're in your soup kitchen, Or I think that's what you're talking about. You're volunteering.
Speaker: You think those people are a product of the AI fear and social media and everything? Or that's just, or is it because society? I don't know. Because we just like, we don't take care of our mentally ill and elderly more than like something like that. and I'm not talking about the people that eat the food. I'm talking about the people that volunteer. out Behind the desk.
Speaker: yeah I'm just saying that people seem a little more off. How do you compare those people to like your, you know, when you're in the work, because when when you're in the workforce, if you're in an office and you're like, man, the people are crazy, but I also didn't want to be there. So it's like skewed. mike I'd be like, everyone sucks. But like, I mean, how do these people in 2026 compared to the people that you had to interact with every day in 2006 or 2010? thought the people back in the day were i thought the people back in the day were Well, as long as we're not talking about 2008 or nine, but yeah, I thought people were generally fairly balanced about their perspective about how to go about the world.
Speaker: It was just like, yeah. 0809 you're saying was the crash that yeah people were freaking out about. Yeah. Yeah, that was pretty disruptive, obviously. But like, I think there are these almost tumors in our brains regarding global warming, AI, geopolitics, and they're fixated in there.
Speaker: and growing, I feel like, is what I see when I, is what I hear when I talk to people. And like, they're just different fears and they're persistent. And like, I don't remember that at all. Now, partly I was younger.
Speaker: And so, and partly I was, I wasn't retired. So I didn't i had time to sort of, i didn't have time to explore these ideas. And I'm sure people who were my age back then had a little more, I don't know, they had a higher degree to detect dysfunction.
Speaker: um But I don't know, bro, but I just don't, I don't remember these types of problems being so heavy, being so many of them all at once. What about with your, you know, your kids and their, and their classmates and, and just in general, like not specifically how your kid's doing, but like you're, you're pretty close to people that are in their late teens, early twenties. Do you feel like that sort of mental ill, mentally ill?
Speaker: is Is like that generation is is bearing the brunt or you feel like there' there's a rebound? Like ah in it, like a, cause feel like my kids are, I'll let you answer, but I almost feel like their generation might be turning the corner a little bit where they're like, they grew up with this stuff and they realize maybe it's not like the be all end all.
Speaker: Maybe. Like, what what do you what do you think? Like, like yeah it was it's so shocking to our generation. Like, anyone from like our, even shit, look at your parents. i don't know if your parents are like always looking at their phone as well, but it's affected everyone, right?
Speaker: Yeah, I think adults are equally ill. What do you think about that that sort of generation, people in their teens and 20s now? Fucked? I kind of look at it based on this observation is how many dyed haired people do I see?
Speaker: And I see a lot more. People are just like, i i have to um I have to go on the fringe because society is insane. i I think you're making a joke, but I think it's true.
Speaker: know. It's potentially true. Yeah, I think there's more of it, but I just think there's more worry. And it just sounds not even like a new thing. ah It's obvious there's more worry. um When I say like when you think about AI and you think about its potential, right, you're probably thinking about, well, how do I protect this wood business?
Speaker: That's just a nebulous worry that you have to now incorporate, incorporate having no idea which way it's gonna go. Whereas in the past, you might you know might have global conflict or something like that. Boy, we need to get out of that war so that my import prices ah go down or whatever.
Speaker: Which we still have. Yeah, there's just, when you do global warming and you do ah AI, those two things are so weird and so hard to predict the outcome. It just makes it challenging, I think, for people. So I have a lot of empathy and I also i also think we need to just take an all or nothing perspective, which is why TQQ, no, I'm kidding. Don't do that.
Speaker: I can't, I think it's, I think it might be 209, yeah, minimum $290 $300 investment to get into that.
Speaker: Oh, yeah. I looked at it. Triple Qs, baby. Yeah, but to get the put the T in front of it so you can be triple levered. Oh, what does T like? ah What's the T do?
Speaker: trip it it It levers it up three times so that... What's that mean? you know Is it just you're essentially 3Xing your investment? Yeah, and your downside risk as well. so But why why? Isn't that just like if I if i planned on... a You ever seen Spinal Tap?
Speaker: By the way, where the- I don't remember it though. Nigel, the guitarist, has he had a special amp made that goes up to 11. Oh, yeah, yeah. And the narrator's like, why didn't they just why don't these make the regular one that goes up to 10 louder at 10?
Speaker: And he's like, Nigel's an idiot, so he's confused. But like, why wouldn't not why can't I just buy three times? the amount of QQQ I was going to buy. Why I have to get into the Q? They're like bigger bigger blocks of of index fund like you're grabbing or what? You mean how do they do it? i don't I think they just lever the fund up.
Speaker: I don't know how they do it using derivatives or futures or some shit or options. But the T you're saying is actually a different investment than q key than triple Q's. Yeah, it's essentially using leverage, borrowing money in order to triple the size of your investment.
Speaker: So some people might use it as an efficient way to deploy capital so that they, you maybe they hedge it with other things, but now they're only, let's say you wanted to put 10% of your money into the NASDAQ. Maybe you only need to put 3.5% in this triple QQ.
Speaker: Then you can use the the remaining 7.5% or 6.5% to invest in hedges or something. I mean, so it could be useful. I just think there's random retail investors who are out there in TQQQ just gonna potentially fuck themselves if this thing goes south.
Speaker: well Maybe they're already multi-millionaires, but i don't know. We shifted gears into the mental health, but but i what I was going to say earlier, i kind of lost my train of thought, believe it or not, Lance. but ah So what I was saying, like I think that QQQ Fund might be have invest in some of this magnificent magnificent magnificent seven, meta, all these guys.
Speaker: So what I was asking, like are they bulletproof? like and Let's just say theyre they're one of them become Blockbuster. They have enough money and reach like where they can just be like, all right, Netflix pops us and ruin us. We'll just either become Netflix or swallow it. And so that's why I'm wondering, like they're almost market-proof. It's just like you see what's happening with a i like you have um You have a Sam Altman's company and you have... ah whatever, Gronk and Gentic or, ah you know, well you have these new companies that are like standalone AI companies and now you have these big companies ah are and making investments into their own AI products.
Speaker: So I'm like, did they actually get so big that they become bulletproof because they they can just either create their own technology or adopt or or or purchase a new one?
Speaker: So I'm like, maybe maybe these are actually safe investments. um yeah the top 10 holdings of qqq are are all the major mega i mean am i just describing too big to fail but that we might have actually got there when you're talking about they like they could go out and buy 20 or 30 countries absorb it on their balance sheet and and be like all right now not only do we not only do we have our technology and our company and our revenue we have we're actually a country I think it depends on whether you believe that they've achieved monopoly power and that it can't you can't back out of that.
Speaker: And some people believe that so that they basically have eliminated competition. And they've done a good job at that, that nobody can come in and compete at their core services.
Speaker: But what's interesting is that they're investing so heavily in AI, which for many of them is not what their core business is, that they're they're adding some interesting risk. So History would say that these big companies that have risen will eventually revert back to the mean and that smaller companies will have more profitable cycles.
Speaker: I don't know if that's going to happen, dude. So I couldn't tell you. But you're not. Yeah, the top 10 of the QQQ are... They're household names. They're the best companies in the entire world. Yes. They're the literally the best companies in entire world with the exception of Tesla.
Speaker: I think that company is a little weird in terms of its ah projections based upon what it's it's doing. I have a feeling tesla Tesla's real value is not in the cars, but like in whatever they're trying to do as far as energy.
Speaker: Yeah, what his vision is. It's his vision. yeah um But anyway, i at all this stuff... Is Tesla in there by the way? Like, I don't know their valuation or what, are they in a, like considered a top 10 or 15 company?
Speaker: Oh yeah. They're up there, buddy. Just on valuation. yeah. It can't be on revenue, is it? Like their revenue can't be bigger than like Ford or like when just look at the automobile side. I know they do other things. I have no idea about their revenue, dude. I just know that their growth projections are off the charts. I don't follow the stocks like that individually.
Speaker: Are you happy about, would would you be happy at, you know, Elon Musk and aside, would you be happy if a, if a sort of a green energy company like Tesla prevailed or do you think it's bullshit?
Speaker: No, i I don't like the guy, but I think if he's into batteries and getting rid of a gas-powered cars and all that, of course. Fossil fuels. I like that idea.
Speaker: I like that idea. But like I think these types of things where a couple of lay dorks like us are talking about it, is interesting to me. It just kind of feeds sort of that, I don't know, that overall mental illness that I'm talking about.
Speaker: it's It's one thing for you, you're tuned in, but now you got me looking and talking about this stuff. That's what's really sad. I think you were looking at it all along a little bit. the a i I id look at, I mean, I had some stocks. so I look at them. I look at the market for sure, but I'm not like tuned into like, you'll throw out some terms of, of, uh, like,
Speaker: I don't know, like some modern terms that I don't know what the hell you're talking about when you're referring to Yeah, no, i get that. Yeah. I get that, but like- This is on the other side, sort of the mental health side, or or just, like you still say something like code switching, and I'm like, what what's he talking about?
Speaker: I'm plugged in, baby. But the don't you think it's concerning? And this is, again, this is just mental illness on my part. Why would I track this, and why would I care? But don't you think it's concerning now that- so many more Americans own stocks and stocks used to be or are still considered one of the more volatile asset classes.
Speaker: They're where you go and get growth for the long term to protect your wealth, but they're also highly volatile. But that's so many more Americans have it. And so many more Americans, even dipshits like us are are talking about the stock market constantly.
Speaker: Isn't that, isn't that bode some sort of crisis for you? Like in your mind, don't you think, oh, well that can't be good. Well, I think there's a, there's, I think a lot of people would say it is good because it's in this DIY sort of framework of like, you don't need some idiot who doesn't, who's not really, he's just taking fees and doing your shit to like, people think I can just do it myself better. And now I have the tools to do it.
Speaker: I think like the the basis of it was like, take the power back more than more than like, let's get the let's just get retail money, like dumb money into the market. That's kind of what I think you're saying, right?
Speaker: I'm just saying everybody's talking about it. Everybody's talking about it, which it's sort of like everybody was talking about housing in 08. It just worries me a little bit. It's just something that to worry about. It's just another thing. It's a spectacle, dude. It's kind of fun to go go on Yahoo Finance and just look at the market cap of these companies. It's insane.
Speaker: it's It's fun for when I explain it to my son, who's like a stats guy like me, and then we'll compare it to like the GNP of Costa Rica or Panama, and you go, oh. Or, you know, the state of California whatever is bigger than most countries in the world. Like, I think it's now the numbers are, that's what I trying to say earlier. The numbers are now so insane where you're like, like, what are we talking? I read an article about the, maybe you did too, about, um, what's the, the, we're, we've been talking about all morning, but the AI, the company that's going to have an IPO. Yeah. Anthropic. Anthropic. Yeah.
Speaker: anthropic and they're like whatever revenue their quarterly and their loss and their investments are are 450 billion dollars or so and it's like it means nothing to me it's it's like an insane amount of money and it's just like oh that's fine and this is a company that hasn't you know it's like hasn't even started yet like you said and they're getting these insane valuations but so i just think it's like it's pretty it's pretty interesting That's why a lot of people are talking about it and we can access it. It's not like it doesn't come in the in the newspaper tomorrow morning. It's can go look at all this right now.
Speaker: Too much information is, is what's going on. Yeah. So pretty soon you're going have your hair dyed like purple or some shit. It'll be funny. Dude, the last time I was in Denver, I was like, what's going on here? Like I, I met a friend on Colfax, which has always been, you know, I used to live down there, but I was like, there was not one, what I would say normal person for miles or how, how society would define a normal person. I think a lot of people be like yeah, that's why that city is so awesome.
Speaker: Really? know? Yeah. I mean, why why is dyed hair and like ah extreme number of piercings indicative of an awesome city? I just think people would consider it as a freedom of expression. I mean, there was women I like that. I don't even know if they're women or men, but like super hairy legs, wearing a wearing a dress like that it was everywhere. And I think for a lot of people, they would say that's what we've been fighting for for decades, like the freedom to be yourself.
Speaker: But I was like, yeah, I don't know. I mean, you could take it both ways. Is is society and mental health crumbling or is it like we're finally achieved like people can be themselves? Yeah, well, I would love to walk down that corridor with Pete Hegseth and just look at his facial expressions.
Speaker: But that's what's fucked up. That's somebody that you completely, probably 100% disagree with. But even you were going like, things might getting a little out of hand mentally. or Well, i i don't I was making a joke. I don't truly associate. It's true, though, don't you think?
Speaker: Well, tattoos, piercings, dyed hair, I don't think that automatically means that you have mental health challenges. No, not at all. But right maybe a teenager's with dyed hair and stuff like that is actually a strong link.
Speaker: Yeah, but I think the right is getting equally mentally ill. So for you to come out and say, as the director of war, the secretary of war to say, you know, no weirdos, no trannies, no whatever. I mean, this is like his his specific language about what the military can and can't have as far as employees.
Speaker: Like that's that's mentally ill too. Everybody's so extreme. But you think a lot of people are like, damn right. Oh, for sure. For sure. And then the the insanity around your faith. And it's just, it's, everything is off, like, off.
Speaker: Too much. Too much. it It is amusing to me, though. Like, like who like there's that, you there's the you have this extreme on the whatever, like, the more socially liberal side, they should be able to do anything that that anybody else should. And you have someone like pet Pete Hegseth saying, like, no trainees in the military.
Speaker: And the most... I'm using the point to me that's insane. Not insane. I shouldn't say it. The point to me that's like the most intriguing is that 0%, 0.0001% who's a tranny, as you said, who's like, I want to join the military. Like they're fighting for that. But like the battle lines are for ah narco helicopter above me. Narco.
Speaker: Gone. The next chapel. um Like like how many how many trans people are like, I want to join the Navy SEALs and I want to be able to do it like anyone else. Probably not that many.
Speaker: I mean, I get the point. It's like they should be able to or not. or it's not It's a non-issue, but I just think it's kind of funny. Like all these people I'm talking about walking around Coltax, they're like, we should be able to fight for our country just like anyone else.
Speaker: They probably don't align with Pete Hegseth and his initiatives anyways. Yeah. Yeah, no, no, no. Yeah, I think that's interesting. But I just think that the how hooked we are on fear and chaos. We're just hooked. It's like, you know, somebody who's addicted to caffeine in the morning. We just can't escape. i can't escape it. Every morning I go right back to it. I said, i'm not going to do this. But every morning, my routine as a early retired dipshit is to ingest news and information about markets and economics and go wow and go wow every morning without fail i think it's not that unique though no i know i know like i need like is anyone in your family like i remember my father-in-law don't know my parents a little bit but like people that that go read the paper for the last 50 years page you know cover to cover isn't that kind of what you're doing
Speaker: I think so, I do. For me, i think other people might be hitting sort of a conspiracy theory type stuff too frequently. And d TMZ on Instagram or something. Constantly, yeah. So, but I just, I would say that that there's no friction to accessing information and intense information all the time that I think it it is, there is a mental health issue in America because of it. I'm not saying it's just the media.
Speaker: It's all, a lot of things we've talked about throughout this piece of shit podcast about comparison culture and so forth. ah maybe the reason the markets came up in this, I don't know, in parallel to this conversation, but I think they're quite linked, is that fear of missing out.
Speaker: And maybe I'll ask this question of you, like the fact that you didn't like dump a bunch of money into that or or or whatever, does that like doesn't that piss you off? And it's like all these other dipshits are making money and in these tech stocks. I mean, that's too another thing that makes people feel basically like shit.
Speaker: they're not on They're not on the train to success. Right. Well, I did it. I mean, when I made a little bit of money and my company got acquired, I was like, oh, shit, I better get on board. And it didn't really... It spanned out a little bit, but I ended up needing some of the money. But, yeah, I definitely have fear of... But, you know, what I have is, like...
Speaker: why why am i maybe you have this too actually like you probably have as much as me it's like so we're watching this shit and we know we probably should be investing in shit why wouldn't we why wouldn't i be have the balls to take any money that i have and and completely invest it in something out of the market off the grid and in a self-sustainable way of life which i mean in a way i'm kind of trying to do ah my business but like i should have no money in the market I should have all debts paid off and then be investing in my own piece of the earth that that I could I can control myself when all this shit hits the fan. and And, you know, and I might miss out on the booms, but I'll but I'll just be completely in into my, you know, i'll be completely control my life.
Speaker: It's going to require some work and some survival survivalist type stuff. But why wouldn't we do that? And people do do that. That's exactly what they do. They make some money, then they go off the grid.
Speaker: I think that's a whole new set of problems. You're outside the world, you're isolated, potentially. Obviously, I think you're talking about a utopian design of a Yeah, you bring in some friends, you bring in some trim, you start gardening, you know.
Speaker: Yeah, cake stands are back, everything's fucking rolling. Yeah, I think that that's just a whole different way of life. and And maybe that leads to its own downsides mentally, but I don't know.
Speaker: Yeah. I mean, and people that done that are considered fringe lunatics, people that are like making their own communes and stuff like that. Yeah. My problem with that but in particular is where does the optimization stop?
Speaker: How do you prevent yourself from being addicted things? ah all of these potential safeguards and hedges and things of things that could go wrong. Like how how long before it is youre before you're building an underground silo and I don't know, doing weird shit.
Speaker: Right. Well, it may be not the maybe not the extreme. I mean, I actually look at the way Costa Ricans handle their money and people outside of the US where it's not, most of it's not tied to the market. it'll A lot of the thing here is like build apartments, like start creating rent, rent revenue, you know, things like that.
Speaker: So it might be more like that. Maybe not necessarily build the compound in the middle of nowhere, but build stuff that you think is sustainable and not tied to some tech geek's vision or a politician's vision. I mean, even that, there's nothing that's like completely bulletproof.
Speaker: But like mean my brother, for example, is like working with some other people who actually who have a lot of money, but they're building like storage facilities. And like that seems like something that's...
Speaker: you know that that might be a rich man's way to say that as things get worse we get better but like that's uh or when things get better then people have more shit and people have a hard time parting ways with their shit ideas like that instead of putting all the money in the market might be like things that that people need to think about yeah yeah the storage thing i gosh is that coming back around i mean that was so played out Six, seven years ago. It's like so saturated.
Speaker: It's coming. It is coming back around. Well, I don't think it ever goes away. It's just like building rental apartments. like i what I think there's some link there. There's some link to storage and the economy.
Speaker: it's like when i I don't room have to look it up, but I think it's like when people start building the storage places, it's the precursor to crash. Get your money out of the market. yeah He was saying like ah what what you see a lot of people are... So it's all... I don't know. I don't know if I have the knowledge or time to explain it, but like if you think about you know some small business construction guy,
Speaker: he's He's not, he doesn't want office space. He's using AI to do like what I'm doing to help him do his marketing. AI is taking some of the some of the stuff over. So he's just setting up a desk in his storage place, which is air conditioning, a little nicer in the old school storage place. So you have people like that, like small businesses are just using these places for like a little bit of everything to keep their materials, to keep their equipment. And they're just like, all right, this is my place.
Speaker: And i think there's probably a, you know, that might be a play of, of, of the, in a, in a, in, in, in place of office space or. I see. my be So, cause I like, you don't need, you might, yeahke you're probably not going to need office space pretty soon. Cause you're going to be using some assisted AI tools to do a lot of your, a lot of your work, your bill keeping, you know.
Speaker: It's an interesting play, actually, because then you're you're using that to store your goods or whatever, the storage space, and then yeah and your your office work is all automated. Huh. Yeah, I heard on, and I thought this was a good idea, is I heard... Are you going to maybe Don did something you if you approved?
Speaker: Yeah, he finally, not quite. But I thought this idea was of a shared kitchen because so many people who want to do food service have, oh yeah it's impossible to and invest in the equipment.
Speaker: and they just want to do temper or they want to do it like occasionally or whatever, that's like you rent that out, you you make your pizzas if you're Matt. They got there they have all this all the licensing certification, the quality. but yeah Yeah, we looked into that because Andrea and I were, this was years ago, but like she was trying to sell some food and stuff, and it was always like,
Speaker: You can't really do it in your home legally if you want it to be a legit business, but who's got the money to invest in a hood and all the that you don't think of when you invest in a restaurant or even a food truck? You probably need 30, 40 grand at least to put a kitchen in a food truck.
Speaker: Right. Maybe a ah shared OnlyFans studio. That's already happening, I think. Yeah. I mean, I'm not an expert on that, but.
Speaker: It's like you see all these different porn actresses, but they're all in the same room. You're like, yeah, that's important to me. and It's important to have that consistency. I want to make sure that that particular green curtain is there every time.
Speaker: Dude, there's it's definitely happening, but it's probably more like, i don't know if you want to call it exploitation, but like people that are like, I'll give you the stuff. I get a piece. And there's there was a, that I don't know if we've talked about, but there's ah there's a podcast I listen to, The Soft Underbelly or something like that. This guy just interviews like all sorts of different people like People have had crazy, terrible shit happen to them when they're young. Sexual abuse all the way up to like mafia guys.
Speaker: And I don't know the full story, but there was a girl that was like, who answered an ad online basically and then got there and it was like, all right, here's your room. Start filming. And, uh, and it was like, yeah, this guy just had a bunch of rooms with like high HD cameras and like people, like people could go in there and make only fan videos and shit like that for a fee.
Speaker: Shared space, bro. It's the future. Sick, bro. Sick. Well, let's ah wrap it up guy. Cause you're on the plantation and I got to make my special. I got to make my special.
Speaker: My special is my salad. I'm just trying to call me.
Speaker: Chugging my trim High school trim Chugging my trim
