Motley Fool Hidden Gems Investing - OpenAI’s Magic Number? $100B

Episode Date: January 3, 2025

Money is the major milestone for how OpenAI and Microsoft are thinking about the holy grail of artificial intelligence – AGI. (00:45) Asit Sharma and Bill Mann discuss: - Microsoft and OpenAI’s odd definition of artificial general intelligence (AGI) and Meta’s push into AI Influencers for Instagram. - One of the tastier parts of President Jimmy Carter’s legacy, and the potential ripple effects of surgeon general’s warning about alcohol consumption. - A few words of caution for fintech and investing in the U.S. in 2025. (19:03) New year, new gameplan? Motley Fool CEO Tom Gardner walks Motley Fool members through his 2025 Investing Playbook, what his favorite indicator is saying about the state of the market right now, and how he feels about Bitcoin as it hovers around $100k. TMF Premium members can get the full December Stock Advisor Roundtable episode Here on Fool.com: https://www.fool.com/premium/4056/coverage/2024/12/20/your-2025-investing-playbook Here on Spotify: https://open.spotify.com/episode/6phJxPB7VaGx5dOCMkeKNO?si=ab749bf726b4479c You can become a member of Stock Advisor at Fool.com/signup (34:11) Asit and Bill break down two stocks on their radar: Darden Restaurants and IMAX. Stocks discussed: MSFT, META, SAM, DRI, IMAX, Host: Dylan Lewis Guests: Asit Sharma, Bill Mann, Tom Gardner, Loren Horst Engineers: Rick Engdahl, Austin Morgan Learn more about your ad choices. Visit megaphone.fm/adchoices

What's AGI? We'll know when we see dollar signs. This week's Motley Fool Money radio show starts now. Everybody needs money. That's why they call it money. From Fool Global Headquarters, this is Motley Fool Money. It's the Motley Fool Money Radio Show. I'm Dylan Lewis. Joining me over the airwaves, Motley Fool Senior Analysts Bill Mann and Asit Sharma. Fools, great to have you both with me here to welcome in 2025. How you doing, Dylan? Happy New Year.

Happy New Year to both of you guys. I'm excited. It's nice to be back. Feel a little restored, feel a little refreshed after the holiday break. And, you know, we're going to pick up exactly where we left off in 2024. AI was in focus last year. We're focusing on it in 2025. It's not going anywhere. Two incredibly interesting stories that I wanted to dive into right away with you guys to kick off the year. First up, Microsoft and chat GPT maker OpenAI have a very well-documented partnership. There are reports out this week detailing some of the more finer elements of their agreement, including how they've defined the holy grail of AI.

Borrowing from Supreme Court Justice Potter, Stuart Bill, I know it when I see it hit $100 billion in profits. I feel like this is not the highly technical definition we were expecting. You know, in the Terminator, Skynet became self-aware on August 29, 2024, and that's a pretty exciting definition of AGI. This one is so much more boring, but it does, in fact, fall from the fact that Microsoft has invested in OpenAI when OpenAI was and is a nonprofit. And so you have to put some definition that is a little bit different than what you would have with a for-profit company investing in a for-profit company. And so they apparently did like a little Yalta conference to decide that it's $100 billion in profits, which sounds like a long way away because OpenAI is expected to accumulate losses of about $44 billion between 2023 and 2028. But it could change very quickly. And so they are simply putting a bounds around what happens when it changes.

Asit, I feel like so much of the conversation with AI has focused on development and whether it can pass the Turing test, and all of these more noble technical ideas. How do you feel about money being the milestone marker here? I think it's entirely appropriate in one sense. I think Satya Nadella is saying, to get to $100 billion in profits annually, we're going to need AGI to be able to turn that much money. no one else has been able to figure it out except for monopoly-like operations like Saudi Aramco or big conglomerates like Berkshire Hathaway. In some ways, this makes sense.

Now, cynically, you could also say this has some bit of sunk cost fallacy in it, perhaps. Microsoft is waking up to these losses and trying to up the ante to recoup their investment. Some could chalk this up to in for a penny, in for a pound. We have billions, tens of billions to invest. Let's take a moonshot here. I think what we will find with OpenAI is they'll probably revise this agreement or definition in a few years to something that's more tenable, but it does spur both parties to try to make some progress. You know, putting the number around it, if you think what $100 billion is on their website, OpenAI defines AGI as a highly autonomous system that outperforms humans at most economically

viable work, which in some ways is way more scary to me than $100 billion in profit. I think we have to also note here, $100 billion is not some arbitrary number, or AGI is not some arbitrary milestone, I should say. When Microsoft and OpenAI originally contracted their relationship, part of the deal was OpenAI will be free of Microsoft if they hit AGI. That was a term in the contract that they had set up. And so if you're a Microsoft shareholder, Bill, are you rooting for AGI here or are you rooting for this very prolonged development process where Microsoft continues to be very closely knit with OpenAI? Well, I mean, Microsoft is a $3 trillion company. And so in some ways, these numbers are sort of shockingly small for them. But Microsoft has a $13 billion investment in OpenAI in their for-profit subsidiary. So, yes, they would like to be able to recoup, and a $44 billion cumulative loss over a five-year period is not – for an investor, I would describe maybe the technical term is not great.

A lot of red. It's a lot of red. That's right. You would like, at some point, for an investment to pay off. That's the goal. That's what we try to do here. All right. Sticking with the futuristic, Meta is bringing a suite of AI products to users on the platform,

building out its AI studio offering to help users create online personas or also AI influencers. Meta's VP of generative AI telling the Financial Times, we expect these AIs to actually exist on our platform in the same way that accounts do, like human accounts. Asit, did you think we would be here this fast? no but i've always been surprised at the rapidity with which certain social platforms grow and explode and i guess this is no different when you throw ai into the mix what's important here to note from meta's perspective is that humans have such a narcissistic bent in some ways and we want to share so much about our lives, they're putting their finger on just an amazing pulse of human

tendency, which is to say, hey, look at this. Now, being able to have AI avatars or AI influencers just completely made up things that you or I could direct or create makes so much sense for meta on an economic level, because this requires an amazing amount of compute. So if they get hundreds of thousands of kids, millions of kids using this system, that's a lot of money that will accrue to Meta. So they have every reason to want to promote this, although the societal effects, do we want to even go there? I mean, in some ways, this is a blend of Meta saying, okay, we think this is where the world is going, but also where we have seen people already go. Independently, there are agencies that have built AI influencers. They are receiving

money from fans. They are also inking brand deals. Bill, if you're an advertiser, are you hopping into the AI influencer economy? I think that you have to play there. Whenever I hear these kinds of conversations, I'm always mindful of Bill Gates saying in the 70s that he did not believe that every home would need a personal computer. We have an idea of social media now because it is how we have used it. What these types of devices will do will alter it and will create experiences that we really can't conceive of now.

Even the creators and the advertisers who look to benefit from this can't really conceive of where this is going. But yeah, they've got to play in it. They have to be in that sandbox. Asit, you offered a cynical take earlier when we were talking about that OpenAI story. I'm going to put one up here

and I want you to react to it about this meta story. At the end of the day, advertisers and social media companies want eyeballs, they want time, they want attention, and anything in service of that will work as long as it converts. What do you think of that? Yeah, I think that's the way the advertising world works. And let me be non-cynical for a moment. I think there is a way that all of this evolves because we inevitably will have a reaction at some point in time after this peaks

where people want to go back to more human experiences. We're seeing this in smaller variations all over the AI experience. And that will force advertisers to come up with maybe something less homogenous, less pure, 100% all-on AI. And a hybrid mix is what I'm indicating of a human and an AI experience.

So maybe, I don't know, you're picturing a car where a human influencer is driving down the street with their AI in the passenger seat. I'm heading back to the cynical part here. Let me stop while I'm behind. It does feel like our robot overlords are setting up for a pretty good 2025. You opened the 2025 radio show

talking about Skynet, Bill. I mean, where do you think we were going to go with today's show? No more Skynet ahead, but plenty more Motley Fool money. We'll be back in just a minute to raise a glass to President Jimmy Carter and how he opened up

one of my favorite industries. That'll be coming up after the break. Stay right here. You're listening to Motley Fool Money. Welcome back to Motley Fool Money. I'm Dylan Lewis, here on air with Bill Mann and Asit Sharma. Before the end of 2024, we lost President Jimmy Carter after a long and impressive life as a public servant and humanitarian. Bill, Carter is known for so many things, but this week you wanted to zoom in on a very specific part of his legacy. it's funny because jimmy carter was a teetotaler his entire life and yet he can single-handedly be credited with changing the entire tenor of the of the american craft brewing industry

because after prohibition was repealed they forgot to i'll say forgot to we'll give them that sort of credit they didn't really contemplate creating rules around home brewing they just sort of it just went without being converse so it was technically illegal up until 1978 in which time jimmy carter signed a bill that ended the prohibition on home brewing which then you know the jim cooks of the world from from boston beer will tell you that's where the fantastic craft broke industry came from and got its start. I'll put some numbers to that. Back when Carter signed that bill, there were 90 breweries in the United States. That is the fewest in U.S. history aside from Prohibition, which, let's be real, there were breweries. They just weren't being

reported back then. Officially. You go to 1998, 20 years after the bill was passed, there were 1,500. Today, there are 10,000 breweries in the United States. And I mention all of this, Asit, because there's a point here in the way that regulations and markets can work together. If you eliminate the barrier to entry, some smaller players can hop in and maybe do some tasty things for consumers out in the marketplace. I think that's very true. Innovation sometimes gets stifled by regulation. This is a great case study for how coming together for a common cause that is to bring flavor into the light can be good. Now, I want to get off this soapbox I'm starting to stand on and bring some numbers

to it, or one number, about a year. That is the length of time that a beer called Billy Beer lasted in the marketplace. How can we not talk about the unsung hero of this story? an informal advisor to the president. Jimmy Carter's beloved brother, Billy, had his own beer. It was outsourced to a local brewery out in the Midwest, I think. But I'm sure that played a role. I think some conversations between the two, because Billy Carter was not a teetotaler, may have helped change Jimmy Carter's thinking, or at least influence it to support the passage of that bill. Well, we're in an era of revivals and franchise extensions. So I would not be surprised if there was some brewer out there saying you know what it's time to bring back

billy beer it's it's just this actually has happened it has dylan yes it actually has happened in 2018 the uptown brewing company in snow hill north carolina began brewing billy beer again if you're a billy beer fan or a boston beer shareholder you owe a glass to jimmy carter this weekend we'll be honoring carter's lifetime here in washington dc with his state funeral on January 9th. And just a heads up for investors, the stock market will be closed Thursday of next week. If you want to celebrate them, maybe raise a glass this weekend, but try to keep it to just one or two. News out Friday, the U.S. Surgeon General Vivek Murthy is issuing guidance that alcoholic drinks should have warnings about alcohol's ties to preventable cancer. Asit,

this is affecting shares of AB InBev and Diageo on the news. What do you make of it? Well, first, I think it's not a bad thing personally, because many of us don't realize that alcohol does carry cancer risk. So getting that personal take out of the way, I'm not so sure it's a big hit to major brewers and major purveyors of spirits. The reason is that during the pandemic, we saw a marked decline in heavy consumption of alcohol among younger age groups, simply because they couldn't get together and go out for those long bar nights. And Some of those habits have continued post-pandemic. Many brewers around the world and many spirits makers had to adapt with a whole class of people that just want to drink a little less. We've seen

them innovate. I think it's Anheuser-Busch, which is going to have 20% of its sales that will come from non-alcoholic drinks this year in 2025. That's just one indication of where this industry is moving. Here's one more small challenge for the industry as a whole to innovate. You'll see more energy drinks. You'll see more tasty non-alcoholic drinks. I think overall, it's not a deal breaker. This is the other side of the coin. We were just talking about how deregulation can reduce the barriers to entry. Regulation can also force creativity too, Bill. yeah i mean without commenting on the merits of the surgeon general warning on alcohol i will say this is anybody surprised that alcohol is bad for you on certain

levels so it is another obstacle for alcohol suppliers and it's also an obstacle for the restaurant industry which is facing a number of headwinds i mean there's a slowdown in restaurant traffic, lower consumer spending, a fair amount of inflation in their cost structure. And, you know, as Asit mentioned, the younger consumers just aren't drinking as much as we did, I guess, or do. This segment will double as some added encouragement for those doing dry January. You've got this and you're doing yourself a favor here, according to the Surgeon General. All right, before we head out to break, I do want to get each of your takes on an investing

story that you are watching for 2025. Asit, I'm going to start with you. What is something that you have on your radar and maybe want more people to be paying attention to? Well, Dylan, over the last year, we've seen a number of fintech companies, companies that combine technology with finances, suddenly collapse. The most notable one was a company called Synapse, which I think still has maybe 100 million bucks of customer money unaccounted for even here we are in the beginning of 2025. Some smaller companies as well, one by the name of Tally. The Information, which is a great resource for learning about Silicon Valley, just reported two more fintech closures, abrupt closures in the past two weeks. What

I want to point out here and maybe cue folks into is that when you place your money with a fintech app and it says that it's FDIC insured because it has a relationship with the bank. That's not always the case. Many of these companies are simply intermediaries and it's being really dragged out in court in some cases, who has the responsibility for your account? Just something that I'm following as a news story, as an investing story, but also a cautionary tale. If your bank is one that offers you maybe 4% on your money, that's not a bad place to park it. So, I do embrace the spirit of innovation, as we've been talking about. I have some fintech apps that I use myself. But buyer beware, do your due diligence before you

place your funds anywhere. All right, Bill, what about you? Do you have a cautionary note for investors as well? Cautionary, I guess I would say in one way. So, the U.S. stock market has outperformed every other global market for really good reason over the last, call it decade. So if you're holding U.S. equities today as a starting point, we're at a cyclically adjusted P.E. of the market in the high 30s. And so you just have to recognize that historically you are expecting an awful lot of the market, especially by one that's dominated by so few companies, especially, especially by one that's added several trillion dollars of market capitalization to those companies. i want to talk about that but really that's kind of boring what i really want to talk about is i want to know at the end of 2025 how much fart coin is going to be worth we will check back in at the end of 2025 and see i think it's going to be worth less if i had to

take a guess bill osset we'll see you guys a little bit later in the show up next we've got motley fool ceo tom gardner talking through his favorite metric and what it's saying about the state of the market for 2025 stay right here you're listening to motley fool money it's a game big boss man welcome back to motley fool money i'm dylan lewis new year new financial plan this time of year a lot of people start revisiting their portfolios and household finances as part of the big resolution swing. Ahead of the new year, Motley Fool CEO Tom Gardner walked our Motley Fool members through his 2025 investing playbook in a bonus episode of our premium podcast, Stock Advisor Roundtable. Tom and one of my colleagues, Lauren Horst, talked through the

tried and true principles that govern how they look at any year as investors, what one of their favorite indicators is saying about the state of the market right now, and what to make of Bitcoin as it hovers around $100,000. Tom, welcome. Great to be here, Lorne. Let's begin with a big-picture playbook question. For an investor who wants to have more success in the stock market, what's the play here? Mostly, the playbook is a timeless playbook. In Hidden Gems, we have some things that are particular to our style and approach, which I will share a little bit in this answer and during our conversation. But there's a larger classic rulebook at The Fool, which is that we're

long-term oriented, so we don't really think about an individual year as being very consequential. There are big impact years in the stock market. There are years where the market falls 27%, and years where the market rises 41%. These things happen. They may be about to happen in 2025. I don't have a particular prediction about that because they're very hard to foresee. I would guess, if I had to, that it will be more of a middling year in the market, maybe slightly below average returns? Maybe, but I'm not banking any of my approach on what will happen in the next year. So some of the core questions that I would have members ask themselves is, you know, how long do you have to hold your investments? You know, how low can you go before you start feeling sick

and how high are your hopes? You know, so if I were to answer those questions and say, okay, I have 10 plus years. I start to feel a little sick when my portfolio is down 40% and I have high hopes. That is a particular strategy that can be assigned to that set of answers. For somebody who also says, I have exactly five years, then I'm retiring. I'm going to feel really bad if my portfolio is down 20%. I have moderate hopes. I'm not looking to run away with it and have a high volatility market crushing portfolio. The wear and tear is difficult, but I'm willing to handle it. That's a different strategy. You have exactly five years. You don't want to see your portfolio fall more than 20%, 25%. And you have moderate hopes. You would be starting to

look towards dividend payers. You'd be looking for lower volatility companies to invest in larger caps. So my playbook for 2025, as it is for every year, is know thyself and continue to explore your situation because it does change. Uh, what, what you thought three years ago about your financial life is not the same as today. Those fools who have children, they make their way through life. There are different expenditures, uh, that you have to prepare for. And then there are scenarios you weren't expecting. Like, uh, there's an illness in the family and that's going to take some additional money to solve. So we have to be prepared for the unknown. And the only way to do that that I know of is to continually examine your situation, your temperament, your

time horizon, what you enjoy doing in life, and answer those questions and build your approach accordingly. I would just say that I think we've had quite a run here, and a lot of growth stocks have really moved up rapidly. I would be tilting a little bit towards caution, at least for the average Fool member, but I think it's even more important than what I have to say there is getting to know yourself and your situation better and better. That leads in quite nicely to the potential growth indicator. We talk about it often, but it's the sort of data point that we can revisit all the time. In short, it compares the ratio of cash in taxable money market accounts to the total value of U.S. stocks. The higher the PGA, the more bullish investors should be.

What does the current PGI level tell a typical stock advisor member right now? Well, it's at about 10.9%. And that's essentially how much money is sitting on the sidelines, as you explained. So 10.9%, it means that about 11% of the total value of stocks is sitting in cash. If that number goes down, the available capital to invest in the market goes down to 8%, that would be a big danger sign. There's not new money to come into the market to push the prices of companies higher. So at 10.9%, that's pretty much in the normal range, a little bit lower than we would like. If it goes up to 15%, it means there's a lot of cash sitting on the sidelines. So when you get a spike of selling, as happened in March of 2020 with the pandemic,

and people's getting very fearful, it jumped to about 19% to 20% cash on the sidelines. That's a really good time to invest for long-term investors. It doesn't mean the market can't go down more, it doesn't mean there can't be even more cash on the sidelines. In the financial crisis, it got to 50%, but that's a once-in-a-lifetime occurrence to have that. So now we're at 10.9%. And I would say that there is another factor to consider because the PGI only measures cash in the U.S. There's a lot of money coming in from outside the U.S. right now. And just illustrative is Masayoshi Son meeting with President Trump and committing to $100 billion investment in U.S. companies to build AI infrastructure. And then President Trump said,

how about $200 billion? And Masayoshi-san did his best to give a little bit of wiggle room, but say, we will try. We will try. And that's representative of what's already happening here with what will be one of the most business-friendly, most deregulating administrations in American history. And there are some wonderful things about that. And there obviously can be some problems with that, sometimes some very serious problems with that. But there's no question, it's a massively business-friendly environment. And that, given the strength of the U.S. market regulatory structure and the history of innovation in the U.S., the most innovative companies, the best tech companies in the world, they're all in the U.S., they're

virtually all in the U.S., and we have a funding mechanism for them. And now we're saying it's to be even more beneficial for people starting companies, growing companies, hiring, making investments, and that's drawing in money from around the world. I think 10.9% may even be a little bit misleading. There's so much international, foreign, worldwide cash in that I actually think the market may be even more overvalued than the PGI would indicate. I'm particularly saying that to anyone that has a low threshold for pain in terms of stock market volatility, or has a shorter time period where they're going to need that capital three years from now or five years from now instead of eight to 15 to 20 years from now. I think if you're getting down to that five-year

range and you really need things to go reasonably well, I think you need to be looking at the distinctions on the Motley Fool site of companies that are classified as cautious and moderate versus companies that are aggressive. And it doesn't mean sell those aggressive holdings necessarily, although maybe it's a good idea to sell a few percentage points here and there to reduce large positions in high-growth, high-value, aggressive stocks in your portfolio, again, depending on your situation. But what I would say is, at least you could start adding new money towards, again, large caps, dividend payers, low-beta stocks. Boring, sleepy. It's when you sit there and you say, gosh, I've run all the numbers on this. I think I might only

get 11.1% a year from this investment. That's not that exciting. Once you start saying that, when an 11% return, 0.1% return is quite satisfactory. Once people start saying that more and more, you know that's another sign, uh-oh, uh-oh, hubris, animal spirits, as everyone's saying, and over high expectations, this could get people out over their skis. Again, the shorter your time horizon and the less tolerance for pain you have, I think the PGI and what's happening in the marketplace is saying, start thinking about moderate, cautious investments. In the hidden gems methodology, we love having a cash position on the sidelines. So maybe think about a 10% cash position. Consider those options. That's what the PGI is telling me and other

factors today. Well, one important thing to remember is that stocks aren't the only place that cash on the sideline can go. And 2024 was a big year for Bitcoin. The first decentralized cryptocurrency crossed the $100,000 mark. And it can be pretty polarizing, but it's worked out so far for longtime bulls like you, Tom. What do you make of Bitcoin's latest run up? Well, Bitcoin is above $100,000. That puts its market cap at $2 trillion. On the one hand, something that is nothing is worth $2 trillion. That's speaking to those who really don't believe in this at all. Something that is absolutely nothing is now worth $2 trillion. I hope you're happy. We've seen it before. Read the book Famous Financial Fiascos. I believe it was written by

John train, famous financial fiascos. You can read that book during lunch. It's about 120 page book with sort of 40 different three page chapters on financial calamities throughout history. It's a, it's a wonderful, wonderful book. Read it because anti-Bitcoin is saying this is the next chapter. And it's only, it's not three page chapter yet. We're only a page and a quarter into this chapter. Wait to see what happens next. Cause this is all going to zero. I've seen this before, right? That is one view. And to dismiss that out of hand, I think that is to blind yourself from history and from our human instincts, our untrained minds, our big hopes and our delusions. So that's at least a big part of the Bitcoin story. The other side of it is what's so

great about gold again? Why do I want to own gold? Why is gold a hedge? Why does gold a hedge against inflation or diminishment of fiat currency. Why is gold? Because 90% of the value of gold has nothing to do with its use or even jewelry. It's just speculative. So if gold is worth, let's just say 18 trillion and Bitcoin's worth 2 trillion and 90% of the value of gold is just speculation about it as an asset, a hedge in the marketplace. Why exactly do we assign that value to gold? And if we're willing to do that, why wouldn't we assign it to a digital system that has proven to be secure with a worldwide brand name that has the promise of a limited supply, a supply cap? And not just why would I assign value to gold, but why do you think future

generations would and why do we not think that people change where they assign where they choose to assign value what would what would cause somebody to really say that the average 23 year old today is thinking you know when i get my whole portfolio i'm definitely going to have a slice for gold but bitcoin is a joke when they see so much of their life is digital they're taking online courses right they have an instagram they see people making millions of dollars taking photos on Instagram. Like so much money is about their digital presence in this world, not their physical presence. So why do we think a 23 year old is going to say, give me, give me gold bars. Any, I want Kruger ants for my holiday gift. Like don't like Bitcoin is a joke. So, so that's the other

side of the story. And I don't think that there's a automatically correct answer. I asked on our Twitter feed, what are the percentage chances you are willing to change your opinion on Bitcoin? and 52% of everyone said zero. And what that means to me is if you choose to talk about Bitcoin these holidays, you're going to be choosing to talk about politics, religion, and any other third rail issue that's just divisive. Because there are a lot of people who've made their mind up about Bitcoin. I happen to be in the other 48%. I have invested in Bitcoin. I have made dozens of recommendations, over 40 recommendations in real money portfolios with cost bases as low was $20,000. My highest purchase price for Bitcoin is $72,000. It's now at $104,000. I would not be

surprised to see it go back to $72,000. I mean, Bitcoin's been volatile. It's fallen 70% multiple times. Same thing with Netflix and same thing with other great companies throughout history. See their stock price that volatile. So I would say I would not be at all surprised. If Bitcoin goes to $72,000, I'm not changing my thesis or approach on it at all. I think that could easily happen. Conversely, this administration is very favorable towards cryptocurrency, and the appointments are indicating that there will be a new regulatory structure and regime to cryptocurrency. Furthermore, Bitcoin is rising now, not because individuals are speculating in their digital wallets or even just buying ETFs. It's institutions now that are moving

into BTC. It's institutional money. This is worth $2 trillion. The companies in this world that are worth $2 trillion, they aren't 94% owned by individuals. So, what's happening is institutions are buying in. They're saying, okay, we need to put 1%. This asset has some role to play in our portfolio. And that's how I started my investments in Bitcoin, with 2% and 3% positions, 1%. I think one portfolio I put 5% in. But it was never, hey, fold on every other investment and just Bitcoin maximalists across all investment opportunities. Definitely not. But I have always said, I think it's a good idea to have 1% to 3% of your portfolio. It's the leading digital asset brand in the world. It has proven secure. So I think having 2% to 3% of your 1%

to 3% of your portfolio in Bitcoin, to me, it was pretty much automatic to do it. I don't want to overstate that because I know many people don't and haven't made that investment and are now thinking, what should I do with it at $100,000? But I would say what I said when it was at $20,000 or at $40,000 or at $60,000, which is put 1% in. Put 1%, 2%. It's the number one brand for digital assets in a world that is transforming digitally at a pace that our mind cannot process. Listeners, if you're a Motley Fool premium member, you can catch the full episode where Tom Gardner breaks down investing in 2025 and offers up three of his favorite Stock Advisor recs right now. We'll be sure to drop links to where you can find those in the podcast

version of today's radio show. If you're not a premium Motley Fool member and you're ready to take your investing chops to the next level, head over to fool.com slash sign up. There you can join Stock Advisor, our flagship investing service. As a Stock Advisor member, you'll get two new stock picks each month, rankings on the whole scorecard of companies in the Stock Advisor universe, and access to all episodes of our premium podcast, the Stock Advisor Roundtable, including these monthly bonus episodes with Tom G. Again, fool.com slash sign up is where you can learn more and get started. We're going to hop out for a quick break, but don't you go anywhere. Asit Sharma and Bill Mann are going to be back with me in just a minute to talk through tips

for those with money on their mind this resolution season, and offer up a few stocks on their radar, too. Stay right here. You're listening to Motley Fool Money. As always, people on the program may have interests in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell anything based solely on what you hear. All personal finance content follows Motley Fool editorial standards and is not approved by advertisers. Motley Fool only picks products it'd personally recommend to friends like you. I'm Dylan Lewis, joined again by Asit Sharma and Bill Mann. What would our first show of the new year be without a little Resolution Talk, guys?

Survey out on top resolutions for 2025. No surprise, the top of the list, save more money. Asit, any quick tips for people with that on their list? Sure. For this and any other financial resolutions, we should all resolve to do a monthly resolution. So, on the first of each month, go and check on what you did in the past month towards that resolution. In finance, I think this is important. There are other New Year's resolutions you can let fall by the wayside. But folks, in the age of AI, in the age of the Google calendar, there's no reason you can't put a reminder for yourself on the first of each month to check in on that resolution and see if you

can do even better in the current month. I love that. That is essentially the The January 1st is a construct, man, response to the Resolution Industrial Complex. It doesn't have to start on January 1st. It can start whenever you want. Just improve yourself. Be better. The Resolution Industrial Complex will not be pleased. It'll be checked in on monthly.

All right, let's get over to stocks on our radar. Our man behind the glass, Rick Engdahl, is going to hit you with a question. Bill, you're up first. What are you looking at this week? The company that I'm looking at is Darden Restaurants, which is the owner of Olive Garden, Eddie V's, Ruth's Chris Steakhouse, the Capitol Grill, and a number of others. Restaurants have had a tough couple of years by virtue of the fact that their labor costs and cost of goods have gone up in a fairly uncontrolled fashion. A lot of people are calling for a slower growth in both. But there are these things that are that may be coming down the pike in the form of tariffs, which would impact the restaurant industry really, really sharply in terms of a rise in cost. These tend to be very thin margin companies, Darden amongst them. And so I'm interested to see what happens macroeconomically and how it impacts endless breadsticks.

Rick, a question about Darden Restaurants, ticker DRI, or Endless Breadsticks? Do you have a favorite Darden restaurant? Because I'm looking at the webpage here and none of them are jumping out to me. I wouldn't choose any of them for dinner tonight. I do actually love Ruth's Chris. I think it's actually a good, unique place to go. I learned to cook over the pandemic years, and sorry, I just don't buy steak at restaurants anymore. We'll be getting our recipes from Rick for the rest of 2025. Asit, what's on your radar

this week? Dylan, I want to read a headline from NBC News, recent headline, Film Fans Flock to Interstellar IMAX 70mm Rerelease. If you saw this headline, you probably saw that it was almost impossible to get tickets to this IMAX release. That reminded me that my investing colleague, Meilin Quinn, had been talking about IMAX last year as maybe an interesting play. This is a company that had a slowdown, it over-indexed in China and is a little bit of a turnaround play, although it's had a good 2024. Looking for a promising slate of about $1.2 billion in global box office receipts that will be tied to the platform in 2025. Their system installs are up, they make money installing iMac systems and also through licensing. Just a really popular slate of

movies coming out. This company is now cash flow positive. I think it's going to increase its cash flow in the coming years. A little bit of a risky stock, but hey, this is where the movie industry is trending towards bigger and better films. I am looking forward to following iMac some more in in 2025. Rick, are you a bigger fan of IMAX than the Darden restaurant chain portfolio? I think so. I either watch movies at home or may as well go to IMAX. All right. That's the one going on your watch list this week. Bill, Asit, thanks for bringing your radar stocks. Rick, thanks for weighing in. That's going to do it for this week's Motley Fool Money radio show. The show

is mixed by Rick Engdahl. I'm Dylan Lewis. Thanks for listening. We'll see you next time.