The Trillionaire Mindset - 18: WE'RE GOING TO WAR

Starting point is 00:00:00 I'll tell you what I sold everything I had in Pinterest. I'm buying. I'm buying Lockheed Martin. I'm buying Raytheon Northrop. I'm Northrop Grumman Boeing. I'm buying it all, baby. I think Northrop was actually near all time highs the other day because yeah, the war sucks. Because they can feel it. They can feel the war machine wretching up. They got their legs strapped on a rocket and they're gonna ride it By the way, it meals kidding obviously. He doesn't own or recommend I thought you can follow my ETF. It's it's just called war WAR. I've got the short war one. So it's war you all right No, no peace

Starting point is 00:00:40 PIC. Oh, yeah, and you're just buying into like Pinterest the peaceful stocks the peaceful ones that aren't going to war P-I-C. Oh yeah, and you're just buying into like, uh, Pinterest. The Peaceful stocks. The Peaceful stocks. The ones that aren't going to war. Ha ha ha ha ha ha! Apple shares are just getting hammered this morning. Every day they're barely a dick. I'm fucking late! It's a problem. NOOOOO! I wish I could do that like vibrato

Starting point is 00:01:37 Remember in what Cable guy when he does the What yeah, not that one. Okay, what do you sing? Oh, don't you run some, yeah. That's pretty good. Don't you need. It's fun to do that with a dog. I was playing tug-a-war with voodoo and she was going, and I just go, I tap on her, no, I tap on her chin so she goes,

Starting point is 00:02:05 ah, it gives a funny speech before it. Terry talks about. Altamont, I think. Oh, yeah, this is the charity. You did it. Don't run. Okay. You know what I was thinking about in the bathroom?

Starting point is 00:02:20 The miracle of soap. Did you know that people would. They used to not wash their hands before the doctors wouldn't wash their hands before. Oh, yeah. And they started washing their hands and then, uh, infant mortality rate like planted. Oh my God.

Starting point is 00:02:38 You know, it really is. What a doctor's really were a bunch of dumb, dumb spank. It's really, yeah. Oh, yeah. You got, uh, you got some going on. Eh, let's smack some leeches on it. Right, and we'll call it a day. And also here have some heroin and some leeches.

Starting point is 00:02:53 Different times, man. If I were, if I were, this is a bit more of a stretch, but I frequently think about, if I were a caveman, how fucked I would be. Oh, yeah, the glasses. Yeah. I wouldn't be able to see. Just the general. I'd be dead at 18. Not me. I wear contacts which is problematic for me. Okay so you would also be dead.

Starting point is 00:03:12 Hmm. I would be able to see enough. You think so? I definitely wouldn't. I'd be a gatherer. I'd be a gatherer and I'd be fucking another people's wives while they're all away hungry. I'd be like, hey, you know, Gormax is out there hunting. You don't know if he's coming back. I'll take you. Check out these berries. I don't care. Someone's got to watch their wives. Hey, you know, I can see up close, just fine.

Starting point is 00:03:37 And I can see that you're lonely. What would cave ladies be named back then? Gormax is the guy. Sheila. Sheila. Sheila. You know, Sheila, look, Gore Max isn't coming back. I wouldn't, I'm not a good hunter, but baby I can gather. And then Gore Max does come back and he kicked your ass.

Starting point is 00:03:57 No, he wouldn't know because me and Sheila would keep it quiet. Yeah, would keep it down though. That's just how they did it back then. Different time. Polyamorous. You know what I've been thinking about speaking of different times. What? I keep, have you been seeing the trailer for Death on the Nile? No.

Starting point is 00:04:11 You know what it is? No. Remember like the words on the Orient Express? Yes. So it's the same thing. It's the same, uh, same famous detective. But in the trailer, same thing with the murder on the Orient Express. He like, he walks, like, there's been a murder,

Starting point is 00:04:31 and then they're like, what are we gonna do? And then he walks in and he's like, I am acuporra! What? That's his name. Acuporra? No. Sounds like a car.

Starting point is 00:04:44 He says it all fucked up. Uh-huh. Cause he's like, wrench or something. Haha. Uh-huh. I only know it because I read one of the books. It's Agatha Christie.

Starting point is 00:04:53 And I'm like, that's how you fucking say it. He says, Accu-Wawro. Wow. That reminds me, Accu-Wawro, but back in the day,

Starting point is 00:05:01 I'm like, but they all go, holy shit. That's the fucking detective we like. That's funny Oh, yeah, before we get started check the disclaimer in the description box. Hey, you know speaking of mispronouncing names One of my favorite books sirens of Titan by Carbone, dude great. This happened to me. What do you know this story? No, but this little I went up I'll go first. I'll go first.

Starting point is 00:05:25 So the main character's name is spelled M-A-L-A-C-H-I. And you call them Malachi? I call them Malachi. And I was playing Halo a couple of years after that, playing Halo 3 online with the little plug nose, 12 year old kid in the South. And I kept, I actually didn't know what he sounded like until we were in the lobby together,

Starting point is 00:05:43 but we were playing team doubles and we were getting our asses kicked. I was getting my ass kicked. He was whipping ass, but his name was Malachi, and I just was going, Malachi, Malachi, grenade, grenade, and then I get blown up. Malachi, Malachi, help me. I get killed. I'm just getting my ass whipped and dragging him down.

Starting point is 00:06:01 Malachi, Malachi, this, that, this, that. And then we lost horribly. And he turns on his microphone in the, in the lobby. And he goes, you fucking suck. And by the, he's pronounced Malachi, dub I S. And then he, and then he left. And I was like, oh my fucking god. Malachi, of course!

Starting point is 00:06:21 This whole time, years, I was, I thought it was Malachi. Mine's way worse, because I was older. Well, I was in my 20s. Oh, okay, yeah, yeah. I was I thought it was Milachi mine's way worse because I was older Well, I was in my 20s. Oh, okay. Yeah. Yeah, I was in my 20s and I was you know Adate to a wedding and I was like connecting with this guy He was like super smart and we started talking about books and Kervana get came up and he brought up tires of Titanness and I was like oh dude fucking Milachi and he was like Malachi and I was like fuck

Starting point is 00:06:53 Yeah, you need both well, so that's why yeah, it looks like fucking Milachi It looks like Milachi. I've read the book like four or five times before I played it Xbox with this kid Who who called me a dumbass and said it's Malachi. God damn it. Yeah Malachi constant. Malachi. Malachi constant. Fuck, it's a great book you guys. I wish Kervani it was still alive so he could come out and be like, it's actually Malachi.

Starting point is 00:07:18 I didn't want to spoil it for anybody. Okay, so let's get into it. First of all, I wanted to give a shout out to Ryan, the Australian ass doctor. Hey, Ryan, he heard a lot of people were talking about the ass pain, and they identified with it. But then here comes Ryan. He's a proctologist or an ass doctor,

Starting point is 00:07:41 whatever you want to call it, in Australian. He DMmed me on Instagram, and we had a cool conversation. Also, shout want to call it, in Australia. And he DMed me on Instagram, and we had a cool conversation. Also shout out to our friend Beth. Wait, that reminds me. What? I've been getting people DMing me about pre-cordial catch. Oh yeah, I saw a few comments about that.

Starting point is 00:07:56 Yes. We're saving lives. Yeah, or this could be like a, you know how kids on TikTok think, like they develop ticks and like disorders that they don't have? It could be that. Yeah, where we're just giving everybody, what is that called?

Starting point is 00:08:10 Where you can't, where you think that you've got something. Oh, Munchhausen by proxy. Munchhausen by proxy? Talking about like a hypocondria. Munchhausen is a thing though. It's like when you convince someone. It sounds like a great cereal, doesn't it? It does.

Starting point is 00:08:30 Munchausen. With some almond milk. So we should make up a disease and see if people tell us they have it. Homey's disease. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Oh, I sent it to you. What? The girl to two souls won, Bob. Oh, yeah. I get that's a whole topic for another time. All these people who think that they've got

Starting point is 00:08:50 all sorts of disorders, but they're really, I mean, they do have a disorder. They're nuts. Well, she's like got outed and they shut down her account. Ah, yeah. Outed is what? Being a joke, making it all up. Yeah, yeah.

Starting point is 00:09:04 But the worst thing for that for me was when my friend sent it to me, I looked at it and I said, holy shit, is this real? And he was like, no, what do you mean real? Like, do you think magic exists? And these people have two souls trapped in their body? And I was like, oh. Yeah, for those of you in Not in the Know,

Starting point is 00:09:23 it's an emerging TikTok trend among young people who claim that they have like, essentially multiple personalities, multiple souls living in one body. She was saying she had two souls trapped in her body. One was Jesse, one was James, real original. Yeah. And they would like talk to each other.

Starting point is 00:09:41 Yeah. Yeah, it's a really weird time. Oh yeah. So Beth is training for the LA marathon and she's been listening to us while she runs. So hey, Beth, good job. Keep, keep, keep, keep, keep puffing it.

Starting point is 00:09:53 Yeah, keep puffing it, those sub 10 minute miles. The burp jar is on eBay. So go bid on it. Wow, the current bid is $207.50. Hell yeah. Jesus Louise is got. Oh, we got eight watchers too. Wow, how many bids?

Starting point is 00:10:07 Eight watchers, how many bids? Where does it save it? Four bids. Yeah, so. Oh, not included, call it not included. Call it not included. It'll be up until four days left. Monday.

Starting point is 00:10:18 It'll be up until Monday, so get your bids in. All proceeds go to the Australian wildlife conservancy. We are gonna save some koalas. Yeah, if we save one, it'll be worth it. If we save none, it'll, it'll, it won't be worth it. So, you know, they got Climidia those koalas. And they're all always high or something. Yeah, they're crazy.

Starting point is 00:10:37 They're also dumb as rocks. Me and Ben share a lot with koalas. Yeah, oh, we do. Dumb as shit. Dumb as shit. Just to, super Climidia. Yeah. It just riddled with Climidia constantly high.

Starting point is 00:10:50 No, no, I haven't been high in a while. There's a lot to get to this week. Man, I guess we just got to get right into it. Huh? Tesla had earnings. We could do whatever we want. Tesla had earnings and at first,

Starting point is 00:11:02 it was up and then now it's down big today. Microsoft had earnings, it was down and then up. And that's just, we're gonna want you to get into a little bit of some lessons here in a moment. But the big thing, the big headlines this week, a lot of people are freaking out because stocks are nearing what's called correction territory. A correction is when the market drops 10%,

Starting point is 00:11:25 and then 20% would be like a bear market, but it's scary, you know? And this is really big because a lot of these retail traders who have gotten in in the past year have never experienced things like this. Right, so I wanted to share this guy who I follow on Twitter, Ryan Dietrich is a really smart dude in his tweet

Starting point is 00:11:47 reads stocks are nearing a correction. This isn't fun, but it is part of the process sometimes, which is certainly true. And so he goes on to list. This is why he's such a valuable follow for me. Here's a list of all the other corrections since 1980. Each felt really bad as well. A year later, there were up 25% on average and higher 90% of the time, two years out gets even better.

Starting point is 00:12:09 So basically what this means is that even every correction since 1980, and he lists them all right here, there's 1980, 81, 82, 83, 87, 89, and so on and so forth, all the way up to 2020. A year later, on average, the S&P is up 25% and two years later, on average, the S&P is up 37%. So like he says, it feels bad, it's not fun,

Starting point is 00:12:38 but it's a healthy thing for markets because they can get a bit frothy and then you got to kind of reset so to speak but Jesus H. I keep f and I'm clear my It's COVID-19 with lime I hope not Man, yeah, whatever happened to seven up the fuck happened to seven up what do you mean where to go? I don't fucking know.

Starting point is 00:13:05 You don't have any ads for it. You don't hear about it anymore. Make seven up yours. Yeah, remember that? I used to have an uncle who would tell me as a kid and I believed him, he would say, eh, because he didn't have much money and he'd be like, yeah, it sucks.

Starting point is 00:13:18 I was hard at work and I made one up, two up, three up, four up, five up, and six up. And I gave up and I said, you know what these It's never gonna go anywhere and then some guy comes along and makes seven up God that's such a shitty uncle joke God damn That's not that's so bad. That's worse than what I would come up with Oh Tell your uncle. I said fuck you. He's dead. Okay. And then oh, he is.

Starting point is 00:13:45 All right. Well, rest in peace. So then also we've got some big shit happening this week, unless you've been living under a rock. And if you are, how's the rent? Oh, that's not bad. But that good. Anyway, this country called Russia

Starting point is 00:14:05 is maybe thinking about invading Ukraine. And again, And this country called USA is thinking about maybe going war. Yeah, so I don't mean to sound callous and like calculated, but to quote the Stoics, you should only focus on what you can control. And obviously we can't control any of this stuff, but what we can do is control our reaction to it.

Starting point is 00:14:27 And it's gonna potentially suck for a lot of people in certain parts of the world, but how might that, you know, people are inevitably gonna ask, well, how's that gonna affect my money and how's that gonna affect the stock market? So another thing from Ryan, I believe, is what could happen and what historically

Starting point is 00:14:47 does happen with conflicts. So yeah, we've got this article here. And he says it to quote him, as devastating as a major conflict could be between Russia and Ukraine, the truth is stocks likely will be able to withstand the geopolitical struggle. In fact, looking back at the other major geopolitical events throughout history reveals stocks, usually take them as a non-event. So, he goes back and he lists several geopolitical events to try to, you know, quell our collective kind of fears. There's, uh, the...

Starting point is 00:15:22 Jesus, this is like the darkest... I know. God. Oh my God. So, hello, uh, uh, the, Jesus, this is like, there's darkest. I know. This the God. Oh my God. So, hello, should we start at the top? Just, just so you guys know, the market doesn't care if there's a Boston marathon bombing. Oh yeah.

Starting point is 00:15:36 The market doesn't care. And there's a London subway bombing. The market doesn't care about the Munich Olympics. They don't care if Reagan got shot. Honey, I forgot to duck. The Ted Offensive, a mere blip. So the Saudi Aramco drone strike. That's an interesting thing.

Starting point is 00:15:55 Kick rocks. The one that I see US terrorist attacks, and I'm like, what one is that? Yeah, what happened? 9-11. What happened 9-11? But he doesn't see, he doesn't call it, he doesn't call it 9-11, that's interesting.

Starting point is 00:16:07 Maybe he's British, he knows it doesn't. No, this guy's not British. But it is, you know, well, 9-11 was different because they shut down the entire market for a whole week. They just said, all right, you know, I believe the SEC has the authority, they are the only ones who have the authority to shut down the entire market.

Starting point is 00:16:23 For like, I think they can shut it down up to 90 days who have the authority to shut down the entire market for like I think they can shut it down up to 90 days They have the authority to with like notice to the president. They were like just shut it down, man Well, yeah, and that's the that's the right thing to do because you got to give everybody time to kind of process and Damn Pearl Harbor took a big fucking well, yeah, that was ww2, but anyway the point is That was WWE too. But anyway, the point is, I know one of them. GF, GF. We went in Para.

Starting point is 00:16:46 We're Lord too. It was Japan going, you know what? We're bringing the Americans into the fight, because we're... Quit fucking around FDR. Get in here, we're all having fun. They were, they're all splashing around in the bathtub. Yeah.

Starting point is 00:16:58 Hey, did you ever speak in the splash around in the bathtub? Did I ever take a bath with my brother? I was gonna say, did you ever pee next to your brother and make the streams cross over the toilet? Yeah, I did that too with my brothers. Really weird to look back at because I'm like, how did it not get pee everywhere, absolutely everywhere?

Starting point is 00:17:16 But I guess we probably crossed it further into the toilet. Your parents probably had to clean up the toilet bowl. Yeah, probably. Anyway, mom, if you're watching this, let me know if you had to clean up our pee. So like Emil said, lots of new traders are now facing quite the different market. They're used to the meme stocks, buying the dip. Everything goes up. Sox only go up, cryptos.

Starting point is 00:17:38 I buy and then it goes up. Yeah. And I sell. It is funny. I was reading a Bloomberg article and they were talking about like, yeah, they just don't, these new retailers don't know exactly what to do with themselves in the situation and even the ones who are like, oh, I'm going to be smart. I'm going to move my money out of the stock market and into crypto because that's not going to do anything. Double way me

Starting point is 00:17:59 of it. Yeah. And then they move it out of there, put it into crypto, and then that goes down. Yeah. My biggest fear is for those of you who sold stocks before December 31st of 2021 and booked profit, you are now going to be taxed on those profits no matter what happens to your money. Now, so if you made, let's say, $50,000 in the stock market last year and you sold before the end of the year, that is a booked gain for tax year 2021. And let's say January 1st, your money takes a $30,000 hit. Uncle Sam doesn't care. The IRS doesn't care. You still owe him on that. The Graham Stephens said the IRS is a good guy. He came on here and he said he's a good guy. The RS? Yeah. Well, no, he lied. Fuck.

Starting point is 00:18:45 Yeah, I know. Imagine that. Someone lying. So I wanted to give a little bit of like, okay, because it's not advice, but it's like how I trade personally in corrections. When? No one else do this.

Starting point is 00:19:04 Well, because, okay, there's two types of people out there. There are the aspiring and experienced traders, the people who trading, who are trading in the short term to make money like trading. And then there's the people, the smarter people who are just investing and are not worried about, you know, you can worry a little bit, but you're still sticking to, just,

Starting point is 00:19:25 if you're old, if you're, you probably won't even remember this. Exactly. You probably won't, and that's not, you know, we're not saying to do anything, but it's not something where you're gonna get in and try to actively time the market. But for someone like me who's a trader,

Starting point is 00:19:40 I made a little list of the things that I try to do when volatility is higher. And if for those of you who don't remember, the volatility index is something called the VIX, the VIX. You can pull it up, you can look at it. I think currently it's just under 30, if not back above 30. That's pretty high. Okay, that's high. That's a high volatility. above 30. That's pretty high. Okay, that's high. That's a high. Well, it's not you. Yeah, it's at 31 84. Wow, it's about to go green on the day. And it just what's it been at? It's a, a, a, a, not a complacent market, but a calm market has the VIX in the teens or the low 20s. And for most of 2021, it was below 20 with occasional spikes above 20 into 25.

Starting point is 00:20:30 But then, you know, usually it comes back down. So when the, and it just went green on the day, ah crap, and I hope that all my positions at home are doing okay. Ha ha ha. Ah, anyway. So when the VIX is high, it means to be nimble. Like, or it doesn't mean that, but I, my general rule is when the VIX, when volatility's high, I'm nimble. I'm trying not to hold positions overnight because you could be, you could buy something

Starting point is 00:21:00 and it's going, it closes at the high of the day and only to open, you know, down 10% the next day. So when volatility is high, I'm nimble, I'm taking profits. I'm ringing the register constantly. Okay, I bought this and I, you know, it bounced like I played, I played square a couple times this week, a K a block. It's now called block, but I bought it at the low of the day and it jumped up a couple points and boom

Starting point is 00:21:26 I rang the register 500 bucks 600 bucks boom I'm not holding it overnight because volatility's high, right? It's just like green it's 32 you don't know what you're gonna get so that that The other thing is things can go in like out in a bull market, things can go a lot higher than you think. When things start to turn south, they can go a lot lower than you think and they can stay low and cause a lot of pain. So with that, don't be a hero. Don't try to catch a falling knife, as they say. You can wait, wait for everybody else to kind of figure out the price discovery that's going on. Wait for everybody. If wait for the market to kind of pick a direction

Starting point is 00:22:06 because volatility means it's volatile. There's no defined direction. It's still very, very hectic. And if you look at what's been going on, it's like up today, down tomorrow, up today, down tomorrow. Big amounts, like two, three percent. Those are big moves. So you got to be careful.

Starting point is 00:22:23 So the other thing is, 23% those are big moves. So you got to be careful. So the other thing is in high volatility markets, I'm paying attention to macro events, bigger events like what's going on with Russia, like the Fed, because the Fed has been a big part of what has turned the market on its side, because the Fed is basically saying, hey, the easy money part of what we've been doing is coming to an end and we are raising interest rates. All wants to raise interest rates, bringing into the quantitative, quantitative eases. Yes.

Starting point is 00:22:55 And it's annoying because I personally think the dude should have done it way many, many months ago, because now he's in a rocket, in between a rocket and a hard place where it's like, he raises interest rates, you spook the market, which could, could, maybe down the line trigger a recession, but if he does nothing, you've got inflation running rampant. Well, I find it weird how many people have been calling for this to happen for so long,

Starting point is 00:23:20 and now it's happening, and I feel like a lot of those seeing people are like, oh my God, everything's going to implode. Yeah, it's like this way you've been calling for it to happen. Yeah, and it's frustrating because it takes a while. Like, when they first hinted that they were going to slow down and raise interest rates, the market kind of, you know, said, okay, whatever. Will is going to happen later.

Starting point is 00:23:40 For now, it's still easy money. And then before you know what, it starts to roll over and it actually starts to signal, okay, shit, things are getting real. And rising interest rates means that, yeah, the easy rising interest rates will affect growth stocks the most. Aka stocks that are priced for future growth that they don't yet necessarily have. So these are stocks that are valued a lot higher than maybe they deserve to be because it's a speculative market and it's at a bull market. So you give these growth stocks a little bit more of the benefit of the doubt.

Starting point is 00:24:23 Those are typically the first ones to get whacked, and that's what's been happening. A lot of the growth stocks have been getting whacked, which will bring, I will touch on that in a second, but another thing, so just back to the volatility thing, pay attention to whether institutions are stepping into buy, especially with like options. And two of the accounts that I like to follow is one called Unusual Whales, and then there's Wall Street Jesus. Both of these accounts track unusual options purchases, which can be vague.

Starting point is 00:24:51 You don't really know, like, okay, they may be a big call option purchase, which seems bullish, but it might be a hedge on a short. You don't really know, but typically, I look for big options purchases in some of the leaders like Amazon, Apple, Microsoft, etc. Google for a signal that okay, like some of the big money is stepping in again to take advantage of these lower prices and maybe things are starting to turn around and then you keep

Starting point is 00:25:20 it in eye on the VIX. I know there's a lot of shit going on here and there's a lot. Last thing. Look at your charts. Look at your charts. So I look at, I have man, this is so discombobulated, I feel like. Why? I don't know, I just feel like I'm all over the place.

Starting point is 00:25:37 I feel like this is good info. I'm pretty excited about this. So when I'm looking at a chart, there's this one indicator that's pretty much a default on any chart. If you look at trading view, it's called the RSI, which is the relative strength index, which just, or indicator, indicator, excuse me, the relative strength indicator. It's not an index. But it shows exactly what the name implies, relative strength. And I think 30 is the level of like oversold 70 is approaching overbought and a lot of these stocks lately are in the oversold

Starting point is 00:26:12 territory. But like I said, it can stay that way for a lot longer, but that can kind of help inform a good risk reward profile. So using square again is an example. I was looking at square. It's been just absolutely clobbered. And I think as of today, it's down like, it's down like it's 10th or 11th day in a row. But the RSI on it is like nine, which is so low. But that doesn't mean it's guaranteed to bounce. So what I do then is I look at the volume.

Starting point is 00:26:43 The volume can tell you a lot about whether you're near a near term bottom and you're looking for capitulation. The pain of just like, okay, so many people are just getting absolutely fucked and there's a big transfer from buyers to sellers and vice versa. So just like, you want to look for a big rush of volume toward a low. And if you look at the square daily chart, there's been a lot of that. There's been a lot of that

Starting point is 00:27:09 and a lot of these stocks that have gotten their assets whooped. The other thing, yeah, like I said, things can go lower than you think. But so then what I do is I look at the weekly charts too. I take that 30,000 foot view that I've talked about. So like square, I look at the weekly chart and you can see, I'm not going to pull it up because we're trying to stay friendly to our audio listeners. But if you look at the weekly chart on square, it bounced almost perfectly to a level that

Starting point is 00:27:38 hadn't been seen since like 2018. I think it was about a hundred dollars a share and it bounced perfectly on Monday, on heavy volume with the RSI pretty oversold. So what that does for me as a trader is it gives me a very well defined risk reward profile. So I'm like, okay, that's a good area to watch as my stop loss. Like $100 a share is a nice general area. Maybe a couple bucks below, because it could creep below

Starting point is 00:28:07 and trigger a bunch of people's stop losses who are thinking the same thing. But sure enough, it bounced from $100 to $120. I didn't get it exactly, but I got it like one away. I sold it like $118. It's $10 to share. That's great.

Starting point is 00:28:20 It's lunch money, milk money. So, we're going out to lunch, baby. So take profits. You out to lunch, baby. So take profits, you gotta manage your risk if you're trading in these high volatility environments. And last but not least, don't be afraid to do nothing. Sometimes no trade is a trade in itself. That's what they say. That is what they say.

Starting point is 00:28:39 Sit on those hands, make them numb. Make them numb and then, you know, hold on till you can't hold on no more. Oh Oh God I fucking hate that. So what is going on buddy tell us what's going on with Russia? Well I'll tell you what I sold everything I had in Pinterest. I'm buying I'm buying fucking Lockheed Martin. I'm buying Raytheon. North Rob grum and fucking Boeing. I'm buying it all baby. I think Northrop. Northrop, Crummon, fucking Boeing. I'm buying it all, baby. I think Northrop was actually near all time highs the other day because, yeah, the war

Starting point is 00:29:11 stocks. Because they can feel it. They can feel the war machine wrenching up. They got their legs strapped on a rocket and they're going to ride it. By the way, Amie's kidding, obviously, he doesn't own or recommend buying. You can follow my ETF. It's, it's just called he doesn't own or recommend buying you can follow my ETF It's it's just called war Warr. I've got the short war one. So it's war you Some of them are like that's what they do with the inverse ETFs is they just smack at you on there all right

Starting point is 00:29:38 No, no peace PIC. Oh, yeah, and you're just buying into like Pinterest and and like, you know, yeah, Pinterest. And the peaceful stocks. The peaceful stocks. The ones that aren't going to war. So yeah, there. So Russia is amassing troops at the Ukrainian border.

Starting point is 00:30:00 Yeah. USA is not doing anything to help. They seem to be ramping up the tensions there Joe Byron Joe Byron big boop. What is it big bang bang there? They're saying they got eighty five hundred troops at the ready. Yeah a coalition of the willing. They're sending lethal aid Which is oh yeah? In sane way to say it guns Yeah, like we're sending hundreds of pounds of lethal aid. It's gonna be a mess.

Starting point is 00:30:30 Lethal aid. You know who's got lethal aid? Cops. Yeah. Stop or I will. But not lethal aid. It is fucking scary. I don't know what's gonna happen.

Starting point is 00:30:41 I really don't want there to be a war. I also, it feels a little ridiculous. I think it's a lot of chest puffing and dick measuring. I think all over what? Like us wanting fucking Ukraine to become a part of NATO, why? Like just get, like, to keep Russian. To keep Russian, check.

Starting point is 00:30:59 Diplomatic way to go in and be like, yeah, we just won't have Ukraine become a member of NATO. And let's fucking be done with this. They should do it though. We should settle the problem, the way Russians know how with chess, Russians famously love chess. Do they?

Starting point is 00:31:16 Yeah, they love chess, potatoes and vodka. Then we're gonna have to. That's all you can do in Siberia. We're gonna have to go around to public parks all across the city and find men who just sit at chessboards all day and send them to Russia to play chess. I guess that's the worst one's ever wrong. That's better than fucking having two nuclear powers. Yeah. Well, the reason the reason Russia wants that part of Ukraine is I read because it's, they need, they, I don't know why they waited this long,

Starting point is 00:31:47 but they need a good port city, because all their ports are like frozen, because they're all in the frozen hundreds. Oh, they just need a port, give it to them. Yeah, this is what, this is about Ukraine. Ukraine. Give them the port.

Starting point is 00:32:01 Give them the ports. Give them the ports. Just, just, what but then they they just took Crimea yeah, yeah, Crimea river Because uh russia ain't got no port Crimea is right on the sea Yeah, so you would think that they'd be happy with that rush is never happy that's that's one thing I know about the rush you can give all the potatoes and vodka and chess in the world

Starting point is 00:32:21 They would kill just more more more now we want parogi. Anyway, I don't I don't want 85 also it's not like the 8500 Trump troops would go to Ukraine. I think they would go to other NATO countries and bases and probably but also that's just a recipe for disaster man. Like Europe can hit any of those bases from where they are. Then it's just like, what the fuck? It's weird to think about there being conventional war

Starting point is 00:32:49 anymore in the age of... Nuclear bombs. Yeah, because it's like, why would you even think about having people shooting at each other when you've got airplanes, drones, nukes? Right. It's a weird thing. If you're gonna send troops, if you vote to send troops,

Starting point is 00:33:07 you have to have your kid be a part of those troops. That's interesting. What if you don't have kids? Then you gotta go. Damn, damn. Yeah, so that's what's going on in Ukraine. But the virus doesn't care. Yeah, I, you know, I was reading on Twitter,

Starting point is 00:33:24 which is famously a very reliable source of information for all things geopolitical uh... problems but some some of the shared that you crane leaders were saying that an invasion is not imminent and that they're just they're kind of used to it this is a normal thing which but which makes me think like man you know america probably just wants war joe bron probably wants war. We were talking about this and I was trying to look more into it.

Starting point is 00:33:48 So the US was getting very aggressive in being like all diplomatic officials need to leave Ukraine now. It's getting bad. It's about coming. It's about coming. And so them in the UK, I think are in the process of moving out all their diplomatic officials. But the rest of the EU has been like...

Starting point is 00:34:08 EU. But apparently the EU was like nah, and Ukrainian officials were like, yeah, it's not great that they're massing all these troops, but there's no imminent threat. I don't fucking know, man. You know, I just don't want to live through another war. I don't think we're going to go to war. And for that matter, we need to stop doing war, because in my opinion, war bad.

Starting point is 00:34:33 War bad. And we should have the leaders just duke it out, either via arm wrestling or some kind of... It's got to be cooler than arm wrestling. It's got to be like an academic to Catholic, like in Billy Madison, some kind of contest than arm. It's got to be like an academic to Catholic and in Billy Madison. Some kind of contest of wits strength. Yeah, there's got to be a physical element.

Starting point is 00:34:50 The problem is Joe Biden is gonna get so high. Yeah, I know. We need a good, you know what we need? We need to elect a good grappler, a smart, a well-read grappler in his 30s. Are you talking about me? You're not, do you know how to do jujitsu? I could figure it out. Jujitsu. There's a juju. There's a juju. Can there somewhere? Don't make it. Don't make it.

Starting point is 00:35:14 Jujitsu consists of. Oh, it's great. Cause you can't catch me. You did a clumsily knocked off something. Yeah, it is. As a jujitsu involves going, Hey, look over there. You turn around and I'm gone. Oh, that's, that's good. That's jujitsu. Ben is Jewish. Yeah. Anyway, to clarify, uh, we, uh, we, we could talk about the other stuff.

Starting point is 00:35:39 What, what, what, what, the other big thing this week, speaking. So this is to tie around it. But, yeah, to tie it in a knot, just, to tie it or not, just war is bad, but don't be a sucker, buy it. You know, check out my war ETF. I mean, if we're going, you might as well make a little money. Yeah, it is interesting to look at, let's see Boeing BA Northrop, NOC,

Starting point is 00:36:04 is that Northrop? Northrop's ticker symbol is N.O.C.? You would know. I don't know. I don't know. But also, oh god, it's gross. Oh, it's fucking terrible. Yeah.

Starting point is 00:36:15 Honestly, that might be why we're so excited to go. Yeah, because they got powerful, the war machine is a very powerful thing and it's a big lobby. And they're like, Joe, you left Afghanistan. Yeah. What are we doing? Hey, buddy, we got we got dividend payments to make to our shareholders. Also, fuck everyone being like, we got to go save Ukraine.

Starting point is 00:36:36 It's like, do we? Just thinking about Afghanistan and like that fucking video they just released of the drone strike we did after the whole airport debacle, and they were like, Joe Biden was like, we need to let them know that this will not stand. And then someone was like, so Joe, we actually killed, he was a guy who worked for a US organization, and then we killed seven of his kids.

Starting point is 00:37:00 And he's like, it's okay, we sent them a clear lesson. You know, I will say this, a war in Europe would be so romantic. Oh, yeah. Like World War II was so romantic. Right, just like the Eiffel Tower, but also the Royal All Around. All the white girls in America who adopt pit bulls and are into pinup culture would freak.

Starting point is 00:37:23 They would love another year. And they studied abroad and Praha. Praha, you mean Prague? Yeah. Is that what Prague is? Something like that. That would be cool. Bring back the green fatigues.

Starting point is 00:37:35 None of this desert stuff. Yeah, we'll have to dust off all the stuff. Yeah, think I would, I would sign up because then I could go fall in love with a French wife. Yeah, go go to the countryside, be like, I'm fighting for your country girl. That's what they invented the blowjob. French? The blowjob didn't exist. No way.

Starting point is 00:37:53 Yeah, everyone's like, this is so bad. We got to figure out a new sex and American soldiers were in France. Whoa, whoa, whoa. And French girls were like, yeah, you have heard of French kissing. And that's how that happened. No way. Look at me.

Starting point is 00:38:13 You're telling me in the roaring 20s, they weren't sucking each other up? No one was sucking. No one was sucking. Just fucking. No person ever thought, hey, baby, won't you? Yeah.

Starting point is 00:38:23 No one. I tried something else here. It happened. I think it was right after they stormed Normandy. And American soldier was like, if I don't get my death. He came back to the front line, sir, I've got news from the French country side. It was all worth it. Oh, God. That's pretty cool though.

Starting point is 00:38:41 I made that up. Oh, you did? You did? Because I really believed it. I really am gullible. Okay. Now, they've been sucking since honestly, probably cave times. Yeah.

Starting point is 00:38:52 Cave times? Gormax. Gormax was getting sucked on the reg. Well, Gormax came back and was like, you know what? Your punishment for banging my wife? You know, you got to suck me up. Now you go like, God damn it. I wish I had better eyesight. No, you're like worth it up. Now you go like, God damn it. I wish I had better eyesight. Now you're like worth it.

Starting point is 00:39:07 Yeah, I'm like worth it. Hey, for Sheila, this is worth it. Because I got news for you, Goremex. She sucked me. And he's like, what the hell is sucking? Well, I'm about to show you, pal. I guess. And you go, have you ever heard of World War II, my man?

Starting point is 00:39:24 Well, this is where it's going to be from in the future. Yes. And you have you ever heard of World War II, my man? Well, this is where it's going to be from in the future. Anyway, anyway, we're looking forward to a European war. It would be very romantic though. So romantic. Anyway, we got ARC. ARC had their big ideas, 2022. What is ARC, you might ask? ARC has become the sort of proxy for all growth stocks. We've talked a lot about ARC. Yeah, Kathy Wood. Kathy Wood is probably the most optimistic,

Starting point is 00:40:01 optimistic, future, forward- looking bullish bull out there. And arc is her flagship ETF. Well, there's many arc ETFs. There's ARKK. There's ARKF ARKQ. I think. RFK junior JFK. There is no JFK. He's dead. He got shot in the head. JFK Jr. Oh, do you see his son? Yeah. That's JFK Jr.

Starting point is 00:40:31 Yeah. Big like anti-vax guy. She had to come out and be like, you know, crazy times. We actually differ on a lot of things. Imagine you had to do that with your spouse. Oh, man. I can't imagine. Boy Hitler's wife must have had a hell of a time with that. I don't know if he was married. Hit a girlfriend, Eva Braun. Oh yeah, yeah. He was actually really nice to her. She struggled with a lot of depression and he

Starting point is 00:40:58 seemed to quite... We gotta cut that out. No, we can leave it. Okay, we gotta stay on focus here. Okay, so ARC every year does what's called their big ideas thing where they put out this like 120 page PDF all about the industries that they think are gonna be disruptive and blah, blah, blah, all that shit. And they've done it. I believe the first year they did it was 2018 because I searched for 2017 and there was nothing.

Starting point is 00:41:27 So there was no big idea. There was no big idea. But it was just like a note from Cathy Wood saying, you know, some shit about whatever. But so some guy opening, it was like, it's just a note from Cathy. It's like some shit about whatever. So I, the first thing, we got some images here to pull up.

Starting point is 00:41:47 These are the major innovation industries where Kathy thinks, Kathy and her cohort thinks is going to see the most growth. We've got mobile connected devices, digital wallets, blockchain, battery technology. I know battery technology, autonomous mobility, reusable rockets, internet of things, cloud computing, genome editing, genome sequencing, living therapies, AI, robotics, 3D printing, and it's this like connected mishmash of how they're all like, AI is connected to cloud computing, connected to autonomous mobility. But some of them go nowhere. Look at that one coming out of internet of things, right? And it goes right to the line from AI to mobile connected devices. And it doesn't go anywhere.

Starting point is 00:42:31 Well, yeah, I mean, it's all hogwash. What's not hogwash? But anyway, then the next, what was the next image? 1.1 that I had up here? Oh, yeah, we believe that five innovation platforms will generate significant equity market returns over the long term. So they've got one, two, three, four, five, six.

Starting point is 00:42:49 What they said, five. Oh, wait. Oh, well, because the one is the non-innovation equity. Oh, right, right, right, right, right. But yeah, the main ones are AI, battery technology, blockchain, robotics, and gene sequencing. By the way, they believe that by 2030, so in eight years, all of these industries together will be worth a cumulative,

Starting point is 00:43:12 what is it, 250 trillion? No, 200, so they forecast that these disruptive innovation technologies will be worth $210 trillion, 210 trillion dollars by 2030, whereas the current US market for the entire stock market is only valued at 45 trillion currently. So those are some ambitious numbers that I am like, yeah, you know, I definitely agree that all of these things are going to be very disruptive. Will they be disruptive to the tune of $210 trillion? Right.

Starting point is 00:43:48 I don't know about that. And the thing is, most of their forecasts, they like to cite rights law. So much so that when you Google rights law, ARC pops up. It's the first thing that pops up. It's not even like a Wikipedia page on rights law. ARC pops up. And rights law with the W says that for every doubling of units produced, costs will fall by a constant percentage.

Starting point is 00:44:11 So it's just, yeah, it's pretty much every slide is like according to rights law. This is where we get all of our shit. But so I went back into there. I did a little fun exercise and I went back to their 2018 big ideas to see if their forecasts from then had played out at all. And the first one was very striking. It was their air taxis.

Starting point is 00:44:36 By the early 20, this is from 2018. By the early 2020s, ARC believes air taxis should be able to transport a passenger to the airport for the same price as a taxi, but in a fraction of the time. Oh, wow, they were dead on. They were so dead on in the early 20s. Taking a favorite way to go to the airport.

Starting point is 00:44:55 Air taxis. It was with an air taxi. Oh, it's so fun. It's so nice. It's so nice. And obviously that did not pan out. So they still have like this same kind of slide in their current big ideas thing.

Starting point is 00:45:08 But yeah, I mean, they do have Uber copter, they have blade. I actually flew on a blade once. And let me tell you, I don't know if this whole autonomous air taxi, because that's the thing is that she's, they're talking about them being like autonomous drone taxis. Yeah, it was scary enough for me to take a helicopter. By the way, the only reason I did it was because I got like a hundred dollars off. It normally costs like 200 bucks and I got it for

Starting point is 00:45:35 like 95 bucks, which was almost the price of an offer. You could an Uber to JFK costs like 80, 85 bucks. 15 more dollars. I had to go all the way from Brooklyn to the other side of Manhattan. Oh, so you just put it up there? No, I had to take the train and then a bus. But it was worth it for a five minute helicopter ride. Let me tell you, it was just me and the pilot. And it was, you know, it was cool, but it was scary

Starting point is 00:45:59 because yeah, it was my first time in a helicopter and I would not trust a fucking autonomous drone. I don't know what like what Would you trust that would you just hop in a drone and no way? Yeah, no way right no way why why I Don't trust it. I think I'd miss it too. You know, I like having my driver I feel like I'd miss having a every 45 seconds just go. Oh, that's crazy I feel like I'd miss having every 45 seconds just go, oh, that's crazy. Oh. Yeah.

Starting point is 00:46:28 So how long you've been driving, you know, having the conversation? No way, that's crazy. Yeah. My favorite type of Uber driver is the guy who's got his Bluetooth in and he's having a conversation with a relative back home. And every so often, he's just like whisper talking. Yeah. Maybe that's just you, because he's just like whisper talking. Maybe that's just you because he's saying

Starting point is 00:46:47 shit about you. Yeah, I got this fucking kid in my car. He fucking smells and he's ugly. He won't stop staring at me. He won't stop asking to change the temperature. I do miss taxi drivers. Yeah, I'm like I still take a cab if I'm in New York. Yeah, you can still do it, but Ubers have taken over so much. Yeah. It's like I hate getting in and like the guys like, is this the way you want to go? It's like, I don't fucking know. Yeah. You used to get in a cab and it's just like,

Starting point is 00:47:13 it's quite. Yeah, they know where to go. Those medallion things, I did not even know that you had to like have a medallion and it costs like a million dollars just to have. Oh yeah, that was a crazy story with it, because the cabbies were drowning in debt. And the Uber was just pushing them out.

Starting point is 00:47:29 Yeah, a lot of them went on hunger strike in the fall. And to get either debt forgiven or to restructure the way the debt is paid. And they won. They won a lot of concessions. It's great. They won some free food. I hope they were hungry. Yeah, they were hungry. Hungry boys. I'm sure they were. I would never last on a hunger strike. Let me tell you.

Starting point is 00:47:52 No, that would, I mean, we were talking about cavemen. That's my big. I get so hungry. You know, I like who's verifying that you're be doing the hunger strike anyway? You're home. You're, you're, you're like out on the steps of the, of the, of the staying out there of city hall. Yeah. Where do they piss and shit? Uh, in the mayor's office. He has to let you, man, got a toilet in there. The mayor, you told me, you told me that the mayor got a toilet. Eric Adams put the first one in, huh, build the Blasio was shit in pissing in bottles.

Starting point is 00:48:23 Bill DeBlasio was shitting in pissing in bottles. When I used to abuse Adderall in my early 20s and I was working as a driver in Los Angeles, I would have to pee so often. I did have to pull over a few times. It does make me feel low. Yeah, well, because I would drink so much water. Right. Yeah.

Starting point is 00:48:43 Anyway, she also predicted in 2018 that electric vehicle sales would eclipse 17 million units, 17 million cars sold in 2022. Kathy Wood had a way different vision for the early 20s. Yeah. Well, I mean, she's close because, well, last year, just about four and a half million electric vehicles got sold. So that would have to triple this year. It is said it was going to be like 17. Yeah, they're very ambitious, but yeah, they still think that air taxis are going to be a thing

Starting point is 00:49:13 at scale by 2030 will be like, will cost $74 in air taxi versus a $65 taxi. And even cheaper, an autonomous taxi would cost only $10 and still the cheapest the subway would be $8 in New York City. It's just I don't know. Why do they all overlook? Give us the fucking bullet trains. I know. Give us the bullet trains.

Starting point is 00:49:38 Look, what I need all you to do, you all need to start buying Kathy Woods underwear. Her use of underwear. Oh, to get us closer to the bullet train if we want a bullet train We have to start. No, I'm doing it. I got a pile of her undies in my Jesus Christ Because this is this is how we get closer to the Tokyo infrastructure We got to start small with buying the underwear from vending machines. It's the only way to get to bullet trains.

Starting point is 00:50:08 Also in 2018, they predicted that the 3D printing market could grow to $65 billion a year by 2022. That fell way short. Damn, McKinsey really thought it was going to fucking explode. Yeah, well, that's by 2025. But yeah, ARC predicted 65 billion by 2022. And I last year it was only I actually don't know I think it was only like 12 They also predicted you don't need to pull up the image for this, but they predicted oh, yeah 3d printing and robotics Is about 70 billion today. Well, that includes robotics

Starting point is 00:50:40 But so Gino mapping was the other one. They predicted that by 20, 20, or 20, yeah, 2021, I think would be $100. It would cost $100 to get a whole genome. But as of last year, it was still like 430. So I know. So my favorite thing is the ride hailing. So the current global GDP is $81 trillion, right? And they're projecting that autonomous taxis could have more economic impact

Starting point is 00:51:14 than any innovation in history by adding about $26 trillion. So about what is that, two, four, four, six, uh, like a third, if I'm doing the math, right? About a third of the current global GDP will be added. Autonomous ride hill could have more economic impact than any innovation in history, adding roughly 26 trillion to global GDP by 2030. That's because I don't know where the fuck they get this, but they're saying that it would be a $16 trillion productivity uplift.

Starting point is 00:51:51 It would add $10 trillion in service revenue, $3 trillion economic gain from preservation of life that makes sense, I guess. $1 trillion incremental autonomous car sales for a net gain of 26 trillion That's all these losses Medical revenue is that because people are getting yeah, I guess I can kill property repair maintenance fuel insurance and personal car sales so

Starting point is 00:52:27 They really really really really really are banking on the robot taxis and I mean I would love to see it happen because as much as we like to see and talk shit on autonomous vehicles failing at driving down a tough street, they do excel in a lot of other areas. And it's imperfect, but I think that within five years it wouldn't be out of the question to have at least some part of the current highways and streets having a good... Bullet trains. Bullet trains.

Starting point is 00:52:56 Being autonomous, like trucks especially. I mean... Yeah, I still wish. I still like to drive, so you're not gonna take that away from me ever. I'm going to drive I like I never realized you know who's really into it who older people at Thanksgiving no they were talking about autonomous cars Really and they were like I get nervous driving now And if I could just get in an autonomous car and get taken right to my daughter's house That would be amazing could be cool if you could upload your personality to the autonomous car.

Starting point is 00:53:28 So just if you want to maintain your personality of your driving, you can train the AI to drive like you. So you don't want to let go of all your personal flaws. Yeah. You can upload it right into the cloud and the robot will drive your car just like you. I hope that they actually put like a robot behind the wheel though. That'd be fun. Oh yeah.

Starting point is 00:53:49 So you could still have someone to talk to. Oh, wait, that's crazy. Yeah, so you're a robot? Wait. Wow, yeah, no, that's crazy. That's cool. So you go, you've been driving for like a year, huh? Oh, do you get road rage?

Starting point is 00:54:04 No, but I do get carsick if I'm in the passenger seat. I need to drive. That's why I drive us every time, because I get carsick. I know. Yeah, I don't like, I can't read while I drive. Also, the worst back seat driver. Me?

Starting point is 00:54:17 Yeah. Hey, watch this up here. Yeah, I got it, but. Yeah, also, I'm hot. I know I'm too cold. Yeah. To round it out, Kathy, Arks, Bitcoin target,

Starting point is 00:54:28 because they're also very, very, they're bullish on a lot of things. AI. Wait, do we have that chart of what? Of Ark getting just fucking absolutely hammered, because they're so,

Starting point is 00:54:37 well, I mean, we can just say Ark went from a high, their flagship fund, Ark, I think Ark K, went from 180 down to like 55 bucks or something. Cause they're really tied up in girls. Yeah, cause they just, she will buy things right when the IPO at full valuation. She was loading up on coin base in the 400s and into the 300s.

Starting point is 00:54:57 She, she, she'll, she'll buy Robinhood in the, in the 40s and now it's at like 12. She just, she'll just buy everything because she'll say that all these stocks are actually undervalued based on her five to 10 year projections of these things, which is like, okay, I get that, but they might come down a lot more than what you think. So why not just be patient and wait? Because she's got a vision for the future, my man.

Starting point is 00:55:20 She truly does. I mean, there, so there's believing also in AI, gene editing, 3D printing and robotics. And I'm on board with that stuff. Then her crypto targets, she thinks Bitcoin's gonna hit a million per Bitcoin by 2030. A million per Bitcoin? Per Bitcoin.

Starting point is 00:55:39 And then Ethereum she thinks is gonna be worth 20 trillion in the next 10 years. That's not per Ethereum. That's their market cap. And I had a fun story for you actually, because I was seeing that people are getting their dot ETH, their eth domains, and probably 10 years ago, dot triple X domains came out. They were going to be for porn websites. It was gonna be designated for porn. I was pissed because they overlooked the dot com that was staring at the face.

Starting point is 00:56:09 Oh man, they sure did. It's like guys.com.com.com. That's right there. Yeah. Well, I was thinking, I was thinking way ahead and I was like, oh, you know what would be a great idea? Is to buy some Disney properties

Starting point is 00:56:24 with the dot triple X domain and then make just like a basic landing page that makes it look like, you know, coming soon, CU MMI and G. And force Disney to be like, listen, all right, we'll just buy this from you. So just don't, okay? So I was already, Alice in Wonderland was taken and like, you know, Snow White, that they were all taken and I was like, what else is there? and like, you know, snow white that they were all taking I was like, what else is there? Who's the sexiest after those? Yeah, who's the sexiest and Pinocchio? Pinocchio.xxx was available and I bought it for like a hundred bucks. There's a little bit of sex appeal there

Starting point is 00:56:58 Of course there is like the no key blind to me. Yeah, and it's made a wood So I had this whole game plan. I was at a friend who worked at Disney and I was like, but it's not. It's just blind to me. Yeah. And it's made of wood. So I had this whole game plan. I was, and I had a friend who worked at Disney and I was like, listen, I'm gonna make a landing pay, I'm gonna hire a graphic designer to make something look gross and have it say coming soon. Pinocchio.tripleX.

Starting point is 00:57:16 Disney will not want this to exist. They'll pay me $5,000 to take this down. Can you guess what happened? They were like, we don't fucking care. Our founder was a Nazi. Close. Nothing happened. I didn't hire a graphic designer.

Starting point is 00:57:32 I owned Pinocchio.Triplex for like two years and yeah. So went my ambitions. So went Pinocchio.com. Yeah. Did you hear they're changing the the seven dwarves? No. The seven little people. I don't know. Peter Dinkler. Peter Dinklage came out and don't. It's funny. Peter Dinkler. What did Peter Dinklage say? He was pissed because I guess they're rebooting

Starting point is 00:58:05 He was pissed because I guess they're rebooting snow white and they left him out. No, he was like I Don't know pissed about their portrayal and they were like we're gonna update it or whatever, but I'm I'm quite looking forward to Tucker Carlson being like Oh, yeah, this is where I can't fuck any of these Yeah, fuck any put him back. I Used to want a fuck dopey. Now look at him. Now he's lecturing me and telling me his pronouns.

Starting point is 00:58:33 That's a reference to the green Eminem. Yeah. Just him screaming about. I would still fuck the green Eminem and her Chessie. What? Her Chessie? Chess? No, chocolate.

Starting point is 00:58:48 Chocolate? Yeah, yeah, Chessie. Anyway. So, that uptails nicely into crypto-corner, doesn't it? Crypto-corner. So, Kevin O'Leary, the guy from the guy from... Mr, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, from, sharks. Wait, wait, wait, wait. Well, look, by all Disney properties, dot xxx. I'm listening. And then we, we extort Disney. And I get a graphic designer and he's getting real nasty with it, right? We got the Disney logo and it's just dripping with gum. And they're like, sir, please, we put

Starting point is 00:59:41 balls on the D on the Disney D Yeah Just what okay, so love when he's got the guitar. He's got a shitty blue guitar with his own face on it. He's wearing his net scape Pat Ball Lotility Okay Okay. Jesus, that's all he is. What is the amp? What is this guy's worth, what, like a billion dollars and he can't get a better amp than whatever.

Starting point is 01:00:18 It's true. Five watt thing. Truly the amp they give you with like a kid's guitar set where it's like just a shitty guitar and like, will tone amping And like wow Well in the rippy place Ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba ba He's serving up a tasty lick. You got it. This is this thing. He makes these tiktoks and then just captions just like thoughts on the market. So that's just, I thought would be a fun little intro

Starting point is 01:00:53 on this. VALO TILITY. PURLAR TILITY. TIR. Then we got this great clip of Michael Saylor, the CEO, the like permable guy. Here we go. There's only one useful thing that any of us can do every day when we get up. One thing that matters above all, that one thing is convince someone to convert some other

Starting point is 01:01:20 form of property into Bitcoin. That's the only need to get him on the show. He would do it. All these people scare me. Yeah, but he seems really fun and crazy and entertaining. I want to talk to Michael Saylor. I think he'd be a great guest. Because he'd probably educate us.

Starting point is 01:01:37 What a bit. Because I mean, he's spent, I think they own his company, MicroStrategy, owns over like 90,000 bitcoins. Oh, before we get too far, what, I wanted to shout out that the problem with NFTs by Dan Olsen, the, Oh yeah, the YouTube video.

Starting point is 01:01:55 Yeah, I'm sure a lot of people have seen it. It's getting quite popular. But it's, and it's very long. It's probably close to two and a half hours, but it's so good. it's very long. It's probably close to two and a half hours, but it's so good. He's very informed. It's really just, it's so, it's really well researched. It is, he just takes kind of the whole crypto market to task and it's, yeah.

Starting point is 01:02:15 Speaking of NFTs. Really compelling. Did you know that Paris Hilton got a board of ape? I heard. Yeah, and then went on Jimmy Fallon. And it is probably the cringiest thing I've seen so far this year is Paris Hilton on let's watch it on on here. She is she looks great. I didn't know it was her. Yeah, she looks Tan different I'd say she what yeah, but hey celebrities reinvent themselves all the time sure do and I say yes, okay

Starting point is 01:03:06 I always read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and read and This is your, this is your ape. Just absolute silence. Like the hat, the shade. Wow. Wow. Because you can pick your ape. Yes, I was going through a lot of them, and I was like, I want something that kind of reminds me of me. But this one, it does. I think we made another version of it where he takes the hat off and blonde hair comes out.

Starting point is 01:03:25 Oh yeah, because... You could do it in whatever you want. They're gonna animate them soon. We're part of the same community. We're both apes. Yeah, wow, part of the same community. You're my apes. You're the soul who I love the red heart sunglasses.

Starting point is 01:03:38 I love the Captain Hat. And it sure it's got stripes. And it sure it's got stripes. And it sure it's got stripes. Because I wear striped shirts. I've worn these heart sunglasses because my daughters just as a joke, they have them, and as a joke, I put them on. So I've done this.

Starting point is 01:03:47 And I love Yacht Rock and being breezy. So I'm like, yeah. That's perfect. And then I like the blue. All right. So when you got a monkey doodle? I got my monkey doodle right here. I don't want a shit on Jimmy Fallon because you know

Starting point is 01:04:00 I love seeing an absolute drunk succeed. Good for him. I'm not a drunk. I'm not a drunk. I'm not a drunk. I don't want a shit on Jimmy Fallon because you know I love seeing an absolute drunk succeed and good for him. He's got the money to pay 216,000 dollars. Is that how much his was? That's what people did a little research and deduced it would be. But the best thing is what? No, no, no, I'm just this whole thing. It's just monkey doodles, man. Well, the best thing is he probably won't, but he could get into a little bit of trouble

Starting point is 01:04:31 with NBC and Comcast for a conflict of interest. And if he were to make money on that, it would be a conflict of interest, which I'm sure that they would punish him very, very heavily for. Oh, yeah. I'm sure that they would. The head of Comcast is gonna come down,

Starting point is 01:04:48 pulse pants down, and spank his little heiny in front of a live audience. It's dirty, a little monkey butt. Yeah. He's gonna be fine. He's gonna be fine. Hey, you know, you know what's a fun story? Mark Cuban started a drug company.

Starting point is 01:05:03 This is kind of a fun story. I like it. I mean, I would buy my drugs from Mark Cuban. If they're all buying from wherever they're the cheapest, right? I mean, so he's gonna, it's like cost plus. He's gonna sell them for the cost. It is to make them, I think, plus 15% to make it prosper.

Starting point is 01:05:23 That's reasonable. That sounds reasonable. 15% is still a little high for life saving drugs, but, you know, yeah, I wish there was a, you know, I wish the US government could do anything to make sure that that drug prices weren't sure. Unaffordable for Americans, but if Mark Cuban is the one who has to do it, I'll take it, I guess. He's actually, I'm pretty sure he's building a factory in Dallas to make their own generics. Emil, what's the name of this drug company? You know, we'd have to pull it up. It's, you know, you know, Mark Cuban. He's a brand.

Starting point is 01:05:59 He's a big businessman. He's a brander. And so he came up with a snappy, a snappy name for the company, right? And that is something that abbreviates will the mark Cuban cost plus drug company, right? So everyone can remember it right? And I don't even have to look at the TV to remember that it's the MCC PDC, right? So and That's when you're just like a king of branding, you want to make sure people remember the people remember the MCC PC or the mark Cuban cost plus drug company. So

Starting point is 01:06:35 that inspired us to start our own competitor drug company, which is the trillionaire mindset Ben and Amieels wonderful discount drug import or the C M E B E W D E C C So we should do a corrosion for it. How would that look? Well, why did he put all these fucking letters? Who's it? Yeah, the the come on down to the T. M. B Just give me one more time try to get try to get try to get it It's the T. M and that's why we're asking you guys to buy your drugs from the TMBE.

Starting point is 01:07:28 God. Shit. Line. TMBE. I don't remember. I don't remember his. Yeah, we still got a ways to go. We still need funding.

Starting point is 01:07:42 So if anyone wants to see us, hey, you know, I think he's making a push to run for president. Probably, I would vote for him. I would vote for him. It's so bleak that it's just gonna be probably billionaire presidents from here on that. I give us the rock, give us a leb presidents,

Starting point is 01:08:00 more of those. No, yes. Come on, the rock. I don't want it. He would go, he would just sing that song that he made, that rap song to the other. He would go to NATO and be like, it's about drive, it's about power.

Starting point is 01:08:12 Ha ha ha. I don't want Mark Cuban, I don't want the rock. I don't want Oprah. Okay, who would you want besides Bernie Sanders if you had to pick a president, who would it be? Oh God, I don't even know. Come on, I'm standing right here, pal. No. I gave you my plan.

Starting point is 01:08:29 I don't want any fucking joke presidents. That's a thing, did you see, although, people need a humor. Biden's taken a little, did you see him call the reporter or son of a bitch? Yeah, he's great. And it's funny, because I think people were like, oh no, people loved it. Yeah, it's like

Starting point is 01:08:45 It's fun. If you're gonna be a bad bad president at least do funny things, right? That's why we all love that's why we all love Trump Yeah, did you see that? The thing the re the rain's previous story, but I forgot that name. I hate him so much But sometimes who was he reans previous? I don't even know. That sounds like a name that you'd make up to lie to a cop. What's your name, son? Reince Privis. Okay, here it is. Can I read it to you? You can read it to me, pal. When Reince Privis was the White House Chief of Staff, President Donald Trump often subjected him to questioning about badgers, the state animal of Pribus' home state of Wisconsin.

Starting point is 01:09:32 According to sinking in the swamp by Bayley Dees reporter's Lockland Marke in Asuin, Super Singh, Trump asked Pribus if badgers are mean to people. How they work and what they eat. How do they work? Trump would raise these questions while Priebus was trying to brief him on domestic and foreign policy. At one point, Trump reportedly also asked Priebus whether badgers have a personality. Or, it's curious about him.

Starting point is 01:10:01 Or if they are boring and he wanted to Prba's could show him pictures of badgers? What the fuck? Oh, that's so endearing. I know, I kind of love just this big baby like, what a badger's like. Are they mean to people? How do they work? Show me a photo of a badger. Do badgers have personalities or are they boring?

Starting point is 01:10:23 Is that him asking reeks? He would call him Ween's Puebos. Do you have pictures of badges on your phone? He's up games on your phone. Yeah, wow. That's fun. Hey, okay, so should we do this last story? NURL-Link is starting human trials.

Starting point is 01:10:40 They're putting chips in people's heads. Are we talking about cooler wins? Are we talking about Golden Salsa? Derebo's sun chips. Wait, can I, can I ask you to say what you, uh, what you said when I asked you if we should cover this story? Yeah, I said, I don't care. Let's just talk about it. If they put it in someone, let's just wait until someone's head explodes.

Starting point is 01:10:59 We'll talk about it. It's probably, I mean, knowing Elon Musk being the trickster that he is, I'm sure he made it so that he can talk to the person via the chip in their head, the implant. It's me. Can you him? Can you him? So, yeah, I can hear you, Elon. It seems to be working. Great. Great. Uh, uh, what? What now? What else can I do with this thing? Well, we're going, he just updates them on what they're going through with Tesla. Is this just basically a microphone? Is that all it is?

Starting point is 01:11:31 Yes, so we're working on the cyber truck. Cyber truck is now, you can purchase Dogecoin, you can mine Dogecoin from your cyber truck. Yeah, but what else can this thing do? Well, you can him, you can him, me, correct? Yeah. Well, that's it. Okay.

Starting point is 01:11:46 You guys cut a pretty big hole in this. I want to run by you. You're a normal person. You're a normal person. Sure. I want to run by a tweet by you. Okay, let's hear it. I was born 69 days after 420.

Starting point is 01:11:56 Isn't that funny? I don't know if I get it. Well, I'm going to tweet it anyway. Are you guys going to be able to remove this microphone? Hey, what do you think about? What do you think about, uh, Dogecoin? Okay, I fucking hate doing this. Stupid.

Starting point is 01:12:11 Oh, right, you know, we're, you know, I didn't get very much sleep last night. Why? I just, I woke up to pee and then I just couldn't fall down. Dude, that happened to me too. You woke up to pee? No, no. No? I woke up just like feeling kind of bad.

Starting point is 01:12:26 Mm. And I thought it was like, I thought I woke up before my alarm. And I was like, ah, this sucks. And I have a, I have a Google home next to my bed. For the solver. I got it for free. For the sole purpose of, because when I look at my phone to check the time, it just wakes me up, right?

Starting point is 01:12:51 So you say, hey Google, what time is it? I say, okay, Google, what time is it? And she tells me. And so I asked her, I said, okay, Google, what time is it? And she was like, it's three, three a.m. And I was like, holy shit, sucks. My brother played a great prank on my mom with her Amazon Echo, like three Halloween's ago.

Starting point is 01:13:07 He said to the echo, hey, Alexa, set a reminder for 3am. And it said, okay, what do you want me to remind you? And then he said, Vicki, there's blood everywhere. Oh my God, there's blood. Why is there so much blood? So at 3 a.m. The thing went off and he had turned the volume all the way up at 3 a.m. The thing goes off and goes Vicki There's so much blood blood everywhere. What and she was

Starting point is 01:13:37 terrified that is terrifying. It's a good prank. That is a good prank. Yeah, I think I'll do it to her again this year Well, National now. Yeah, but it'll be nicer. It'll be like, happy Halloween, mom. Oh, you'll do it on October 31st. Yeah. Two days after my birthday. A nice little birthday surprise. Yeah. So you woke up to piss, couldn't get back to sleep.

Starting point is 01:13:55 I woke up to piss, couldn't get back to sleep. Woke up to piss, couldn't get back to sleep. Yeah. So, and I had a dream that I was grocery shopping. So it sucked. I didn't want to go back to sleep. I was like, and I had a dream that I was grocery shopping. So, it sucked. I didn't want to go back to sleep. I was like, I don't want to go back to the store. Anyway, leave a comment, like the video.

Starting point is 01:14:13 We got to start saying this earlier. I know. Yeah, I know. Do us a favor. Kill your parents. That comes later. Before you kill your parents, don't do that. Don't do that.

Starting point is 01:14:28 It's a joke. Cyber-verily. Smash the like button. Not only smash it, tell all your friends to do it. Send it to them and say, hey, even if you don't watch it, at least hit the like button. So get everyone you know to hit the like button. Play it on as many devices as you have. Jesus Christ.

Starting point is 01:14:46 Leave a comment. Hey, what's up? Nice ones only. Yeah, nice comments only. Nice comments only. Then move over to Spotify. Play it on Spotify as well. Damn, you are asking a lot.

Starting point is 01:14:58 Review. Oh yeah, review is good. Five stars only. Five stars only, because that's good when we like that. And follow us on socials. Follow us on socials. Socials. Kill your parents, quit your job, shit your pants. Thanks for thanks for tuning in and keep your keep your chin up. We got some fun stuff coming up. Yeah,

Starting point is 01:15:17 we got some fun stuff coming up and you'll find out about it. You'll find out what we're talking about. Oh, and go a bit on the jar. Go a bit on the jar. Thanks. Thanks. Love you. Bye. I know what we're talking about. Oh, and go a bit on the jar. Go a bit on the jar. Thanks. Thanks. Love you. Bye.

The Trillionaire Mindset - 18: WE'RE GOING TO WAR

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