The Trillionaire Mindset - 5: The Greatest Trade Ever w/ Cody Ko

Episode Date: November 1, 2021

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Was bringt früh aufsteher? Lange schläfer. Morgen Mensch! Und echte Träumeleins in der Frühjahr zusammen. Der flaumige Elzbutazopf. Meisterhaft von Hand geflochten, mit saerte Alpenbutters Österreich. So ist jeder Morgen mit Liebe gemacht. Mit Freiland Ei ist noch mehr Liebe dabei.

Darum verwenden die Elzmeisterbecker Eier aus Freilandaltung. Jeder schmeckt, das Eltsmitliebebekt. I'm not fucking late! Problems! Hi! Welcome to the Trillionaire Mindset! Episode 5! We did it! It's a special number, it's half a ten. It's 5% of a It's 5% of 100. 1% of 500.

Anything else? Ah, that's all I got. Okay. It's an odd number. But this is an even episode. Let me tell you. We got a lot coming. We got a special guest who you probably already know because it's in the damn title

of this. Yeah, but you're going to want to, he's coming up real soon. Before we get started, we need some help from you guys because Stan for Business School, our known rival. They finally did it, they passed us. They passed us on the Spotify. I'll tell you what, it was just a fun joke. We were just having a good time goofing around.

Yeah, they took it too far. They took it way too far. You guys won, you beat us, all right? We've been getting a hate mail from this one guy. Yeah, he's like, I'll tell you what, I'm paranoid. I'm scared, I'm paranoid. I'm scared. I'm always looking over my shoulder. People scream at me on the street, mud person.

Yeah, it's horrible. These Stanford Business School jocks, I mean, they've just been spoon fed from the silver spoon their whole dang lives. And it's about time someone put them in their place. So we need you to listen to us on Spotify too. Yeah, Spotify listeners need to step to us on Spotify too. Yeah. Spotify listeners need to step up. I've taken some precautions. I you know, you know, I'm close personal friends with Dennis Rodman. I've asked him. I've asked him if he could connect me with

those. Have you seen that video of those North Korean? The mercenaries. The army they were thinking about hiring for. Yeah. Let's let's play. I might see if I can get them as a personal security. Yeah, they're serious. We're watching a video. Look at these green soldiers. Look at that. Just going flying kick like six feet near. That guy just ran his head straight through bricks.

Kim Jong-un is like, well, this is tight. I hope they don't turn on me. Look at these guys. Wow. Oh, shit. Because that's what battle is like these days. There's no problem. They should be a bit of all weapons

and it should just be this kind of battle. Should be shirtless guys attacking you with yes he pipe are those two by boards ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah You're gonna be sureless and you're gonna be if he's impressed he's he's definitely got a look on his Oh, I'm going as a look on his face. They fucking hate bricks in North Korea Absolutely hate them He's definitely like what the hell are we doing this is what's coming for you Stanford? Yeah, so good following home Yeah, quit quit following him home Quit sending hate mail because we got these guys coming because we're friends with Dennis Rodman and by proxy friends with Kim Jong-un. It's good.

You know me. I'm usually deep on the Pentagon, but if we're spending our money on that, fun, the octagon, wherever they are. So yeah, we're going to what, what, what, what, oh, where am I going with this? We had, oh, we had a, we had a special little Twitter account that got made, which is fun. We just wanted to give a shout out to this guy who made a Twitter account called Trillioner Mindset Takeaways.

He put himself as the, no, that's not him, do you know who that is? Who is that? Oh, that's Cody. Oh, I thought it was him. No, it's Cody. Oh. Cody is the unofficial mascot of Triliener mindset

for some reason. I saw it, I just saw it and I was like, I don't recognize who that is. It's not out of the bus. It must be the guy. Some young upstart has made the Twitter Triliener mindset take away. TNT take away.

So give him a follow if you care. No, TNT take away. Yeah, T mindset take away TNT takeaways. So give him a follow if you if you care no, TM takeaways Yeah, TM takeaways and he breaks down the he breaks down the episodes in fun ways. Yeah, he sure does But don't follow and then not listen. Yeah, you get lost. Yeah, you'll get lost You won't know what he's talking about look We've got episode four takeaways women love airpods through face books. New name is penis It stands for people entering new internet spaces. That's true. No one will spend the wedding budget on go cards.

That's absolutely true. So give him a follow if you want. So let's get right down to the meat of this episode because we know that you're all yearning and burning for our second guest of all time. Second guest. If you can guess who he is, his name is Cody. Cody.

Cody. Cody, Cody. Cody, Cody, Cody, everybody. The worst introduction ever. Geez, Louise. Yeah, sorry, but I'm sorry, pal. I really, I don't know. I know you guys said we're business cash. But, who I see you got the Jewish shine cat, do you?

Yeah. This is horrible. What the fuck is this? This is a show? We've been asking you guys for a chair. Yeah, are you guys on these two? Yeah, we're basically on the same kind of old yours. Or doesn't do that. You know what? No, well, we're sitting there last week. You might have been goofing around. I think it's a little core exercise actually. Yeah, does that feel good? I feel no, it doesn't it actually burns By the way, um, thank you for having me first of all.

Thank you for being on. Thanks for coming on. Second of all, I listened to the last episode with Noelle yesterday and I have to say this upfront. You are a simp. Baby, I know. Let me know if you need anything. I'm here.

I'm fine airbots. I was a rat. I was, it was in the moment. Screaming at my phone. Yeah, what? Yeah, well, what are you doing? She never got him. She never got him. I canceled the order. He came to his Simp who came to his senses and it was the first and only Thing that happened of its kind. I have not done that since and never will I again unless it's my wife Hey future wife out there. Baby. I got you you you want some airpods? Ben is a provider

I am a provider also so if you listen, do you might know that no I'll brought gifts, but I'm looking around I'm not The presence is present and did you forget it in the okay? I must have I My car yeah, no, it's fine my uncle used to do that to me and my brothers on Hanukkah He's like I my gifts are in the car. It's like, we'll go get them. And then you wouldn't. Well, Hanukkah's a tough one to do. I work because there's eight crazy nights. Yeah, that's when you end up just getting socks. It's BS. Right. I hate it. But now as an adult, I need socks. Give me some more socks. Yeah. Mom, hey, did Noel actually go make those hats? Yeah. No, he made the hats

himself. No, he went to lids. Yeah. Made the hats. I. No, he made the hats himself. No. He went to Lids. Yeah, made the hats. I thought our producers made those. And so I thought that I would show up and maybe like, okay, here, give them these hats. It'd be really funny. And then I got here in no hats. Oh, wow.

Well, it's okay. What's up with that? Well, someone's getting in trouble. Anyway, we got a lot to dive into. It's earnings season, boys. Earning season, isn't it? I'm excited. Yeah, for what?

Pumped. What stocks are you guys excited about? Pinterest, maybe. Pinterest? Always. Oh, I don't think they reported yet. Shit. Well, you know, there's a lot to watch out for.

Robinhood reported. They got beat down. They were down like 10% after they reported. Cause yeah, they missed. They had a big miss. So I guess there were some questions both externally from the audience and internally about earnings

and all the fanfare around it. So, God, I guess we'll just jump right into it. Yeah, explain what happens. What are these earnings? What are our earnings? Yeah, earnings are, when Yeah earnings are when your public company you required to post earnings per quarter every quarter Right every come revenue. Sorry. It's everything. It's revenues. It's profits operating costs operating costs everything and who your way hair Look at that. Yeah fresh out of the ocean boy. Yeah Excuse me.

I just had to clear my throat, man. Yeah, earnings are required for public companies. You have to post them quarterly. It varies from company to company. Like, you know, they're not all everybody is reporting on the same day. It's like, because it goes on their fiscal year, right? Yeah, everybody's got a different kind of setup

and different fiscal year. But every company is obviously different. Every company is measured got a different kind of set up in different fiscal year. But every company is obviously different. Every company is measured to a different standard. So something like Robinhood, which is a growth stock, it's a little forgivable if you miss certain benchmarks, like revenue or profits, as long as you're still growing. But Robinhood, I mean, they IPO'd at a really high valuation and there was a lot of hype around it and they fell short of everything

I think they like fell short of revenues. They fell short of profits earnings per share and Crypto their crypto trading was actually kind of like fell way below expectations, so the market adjusted accordingly. Why do you think all that is? Do you think it's because Robin Hood's not the only game in town anymore? I think it's probably because yeah, they's not the only game in town anymore? I think it's probably because yeah, they're not the only game in town. You got competition. I mean public public for example. Yeah, no seriously That's a that's a big one and what was it?

Trill Trill. Okay, okay cool. Yeah, just make sure Yeah, it also isn't their entire business models selling order float to sit at all like one place. Yes. That's how they got away with doing the commission free thing. Yeah. But now every other brokerage house followed suit. They all offer commission free trading. So that ratcheted up the competition. Robinhood. And I think also after the GameStop craze kind of died down, people weren't trading. God dang, you good? Yeah, keep joking on myself.

Yeah, trading kind of dwindled in popularity because the hype wasn't there. People probably lost on GameStop. People famously like lose their shirts all the time on options trades, which is really frustrating to see, but also very entertaining. When you see someone post that screenshot of negative $200,000. Oh, it's porn. Lost porn on Wall Street Bets is just,

mm, that's a special thing. I feel so bad for these people, but also at the same time, I really don't. You can't be that stupid and greedy and not expect it to catch up with you at some point. I just lack empathy as a human. Yeah. Yeah.

So I look at that and I just call it. Yes. Fuck you. Yeah. How do you feel when you see a gain porn? Nothing. Nothing. I feel like a small tinge of jealousy, especially when they're like,

I just opened my account last week. Should I start trading options? And I'm like, okay. All right, I guess I'm just an idiot. I, yeah, I'm the worst type of person. I feel joy when someone fails. And I feel envy when someone succeeds. Oh yeah, I think that's how she miniature.

I don't want it to feel as long. Yeah, true. Yeah, I feel, yeah. I did, I actually feel for people though that lose money doing options, because I did, I actually feel for people though that lose money Doing options because I did the same thing. Yeah, like when quarantine started I download a robinode just like I think everyone did Yeah, let's try this options thing. Well, all you have to do is press a button. Yeah, I promise I won't You know, I was like, what did screw up? Yeah, that's basically what it is like you they're like you sure how long you've been trading

Yeah, the the process is basically you fill out one page and you sure? How long have you been trading? Come on, let me do it. Yeah, the process is basically, you fill out one page, and it just asks, how long have you been trading? Oh, in five years. Do you know what options are? Yes. And then they're like, okay, go get it! I saw the Triliener mindset Instagram,

I'm ready to go. I get it. Oh. Was bringt früh aufsteh'er? Langschlefer. Morgen Mensch! Und echte Träumeleins in der Früh näher zusammen. Der flaumige Elzbutterzopf. Meisterhaft von Hand geflochten, mit sahte Altenbutters Österreich.

So ist jeder Morgen mit Liebe gemacht. Mit Freiland ein ist noch mehr Liebe dabei. Darum verwenden die Elzmeisterbecker Eier aus Freilandhaltung. Jeder schmeckt das Elz mit Liebe beckt. Was bringt früh aufsteher? Lange Schleffer. Morgen Mensch und ächste Träumeleins in der Frühjahr. Freilandhaltung. Jeder schmeckt das Elz mit Liebebeckt. Was bringt früh aufsteher? Langschläfer. Morgen Mensch und echte Träumeleins in der Früh näher zusammen.

Der flaumige Elz Butterzopf. Meisterhaft von Hand geflochten mit sahte Altenbutters Österreich. So ist jeder Morgen mit Liebe gemacht. Mit Freiland Eih ist noch mehr Liebe dabei. Darum verwenden die Elz Meisterwecke Eier aus Freilandhaltung. Jeder schmeckt das Ölz mit Liebebeckt. man, but Google reported and of course as always they like beat everything and the stock, you know, it went up huge. And what else what else reported? We had Shopify just today this morning reported and a similar thing where they were down similar to Google. They were down in the pre-market and then just got bid to high heaven. Just like I think Google was up like 6% yesterday. Shopify at one point today was up, I don't know, 8% or something, which on a $4,400 stock is tremendous.

Can I interrupt real quick? Yeah. So the way that I lost money, the big chunk of money I lost, I think I lost like 12 grand or something like that. Was trade? And one trade. I was trading Amazon earnings. Trading options, I think I shorted Amazon

on their earnings call and they beat earnings or something that's during quarantine. And I've since learned, it's kind of advised not to trade earnings. Earnings are a crapshoot, yes, famously. So I'm glad you brought that up because earnings can be just like They'll beat on every metric and yet the stock is down and you'll be going what the hell happened or You know they'll beat or they'll miss whatever it is and the stock will do nothing It'll just kind of trade flat and that's called God. I know this I know this phrase. It's called

Maximum pain. It's called max pain. It's where it causes the stock, makes a move or lack thereof, that causes the maximum amount of pain for all call holders and all put holders. And the big winners are the market makers and the option writers. That happens way more often than you think.

And you see it online all the time where people are like, I don't get it. Like Apple reported record earnings, but the stock is down like 2%. Well, you you see it online all the time where people are like, I don't get it. Like Apple reported record earnings, but the stock is down like 2%. Well, you could chalk it up to anything. The famous one is by the rumor cell the news. Stock goes up into the rumor, news comes out, what else is there at this point?

Twitter reported, and they kinda had it by the rumor cell the news, this type of thing. The stock was like really going into a nice little channel and they reported kind of inline with everything in line with expectations. But Twitter kind of gets, they kind of get the rough, the shit end of the stick. Yeah, with truth coming. Oh man, with Trump's truth thing coming. Enjoy it while you can.

You got hit when that news came out. I posted a fire truth this morning. Did you guys retort that? I'll do it, I retruthed it. Okay, okay, and I truthed it. Okay. Is that, is that when you like it? What are likes gonna be called on it?

Truth, truth, truth, and false. It's gonna be called hates, because we hate the truth. No, we like the truth. We like the truth. Yeah. We like the truth. Yeah, the truth. Truths and retruths on truth when you truth.

But you can false stuff too. False? That's like this, like. Oh, the truth. Truths and retruths on truth when you truth. But you can false stuff too. False? That's like this bike. Oh yeah, yeah. Yeah, that was cool dude. Fake news. Yeah. Hello.

Hello Mark. Is that Mark? Shut up. It's Mark. Mark Emil says hi. Hello Emil. What's going on man? I have the name.

He wants to run the new name of Facebook's new name by... Is it Venus? Oh, it's Mark Zuckerberg. Yeah, it's Mark Zuckerberg. Oh, it's Zuckerberg. The new name is Mark, you're breaking up a little bit buddy. You corny guy. Oh, it's meta?

It's meta? That's the best you could come up with. Just meta? You're telling me that the name for the metaverse that you guys are building supposedly is just meta? It is meta. Cool. Okay. I asked him if we're still on for Tahoe.

Are we still on for Tahoe? Yes. Yes. Yeah, we are. Okay. Can you send us each a million dollars to? What for? Just for like weekend fund money.

And Cody. Cody wants a million dollars to. What? Cody's here. Cody's here. He says hey. Okay. Alright Mark. Okay. Cool right mark. Okay cool love you

No, man, he was fine. He's a little busy. Okay anyway, Facebook Chains their ticker symbol did you see the meta I posted this morning? Dude, I met it and remented it. Yeah, thank you man I hope you can bully Mark Zuckerberg in meta like like someone should make a game where you can bully him. Wait, did you guys see that clip? I saw it on TikTok. It was like him wearing VR and he's like, look at this cool thing you can do in the metaverse. And I think someone edited it.

So it shows his avatar sitting next to this woman who's also on a VR headset. And they're sitting like at this board table. And all of a sudden, he just grows these giant boobs. And she's like, wow, that's really cool. like wow that's really cool I didn't see that can you try and find that oh yeah we got to fill that up at some point oh man just stacked Mark Zuckerberg oh yeah big bolt-ons you know that does something to your brain in this day and age where you're just like okay I guess that's kind of, hmm, okay, yeah, there he is.

It's on a CBS. Check this out. Wow, that's pretty neat. This is so freaking cool. Do you have a favorite feature? This is so freaking cool. Yeah, you think it's very cool. Check this out.

Wow, so that's pretty neat. This is so freaking cool. Do you have a favorite? Oh God. Oh, there's some smoke. Oh, me, it's right there. Yeah, some sweet baby rays. Some love sweater hands.

Oh my God. Oh. Boys, I'm really mad this week. Oh, wait, but before we get too far away from it, should we have you talk about earnings a little bit more and what that could mean practically for? Yeah, I guess. Just earnings are a crap shoot. If you're a trader mean practically for? Yeah, I guess. Just earnings are a crapshoot.

If you're a trader out there, don't try to guess. I mean, have fun with it and play with something that you're not gonna miss, a couple hundred bucks or something, but for the most part, earnings are a total, they're just a gamble. It's a role of the dice. And unless you really know the company, like Shopify reported today, and they missed on everything.

But because they're a growth company and they're like they recently announced deals with Alibaba and Facebook and what else just a bunch of other stuff like they they're given some wiggle room because everybody still wants to own Shopify. So like any little dip you you're probably gonna get, it's gonna get bought up. So today, and I'm so pissed off. Oh shit. Oh fuck. Somebody.

Boys, I gotta tell you. Somebody's straightening. It's just, it's hard sometimes. It's hard out here for a pimpe. In the last week, you could have made more than like a surgeon. Just a couple thousand bucks, just from options, between Tesla, Google, and Shopify alone,

and guess what I did. What'd you do? I didn't. You made less than 30. I made a tiny little bit, but I slept in. I slept in the last couple days. This is the, that's why? Because just because I slept in the last couple days. This is this is the that's that's why because yeah, cuz I slept till 7 a.m

Instead of waking up at 5.30 my alarm goes off at 5.30, but this week I was just like I just got sleep man. I got to sleep in damn and I miss the east coast man and Tesla I mean there's there's lessons to be learned from each of these so like Google they reported it was a solid earnings report, they were down after hours, and I remember seeing that, and I was like, okay, there's probably gonna be a trade here, but maybe since it's just been up for the last year,

just in a solid uptrend. Okay, so there's a big lesson here. Can we pull up the chart on Google? I'm gonna show you guys. Do you guys know what you're looking at here? For the listener, you're gonna have to watch it on YouTube because we got a chart, a stock chart. Beautiful candles. Beautiful candles. These are called candle sticks for those of you who don't know. And I'm not going to get into the, you know, red is down,

white or black is up. Those little bars along the bottom, that's the volume, that's how many shares were traded that day. So you can see the big spikes were each of the, you know, at the end of April, you had a big spike and a gap up. That was an earnings report. Again, in July, another earnings report, and then this week for October, was that slack? It's Mark again. Oh, God. He's hitting us up on. Hey, he's woofing us. He wants us to bring some sweet baby rays. He's asking for sweet on. Hey guys, he's bluffing us. He wants us to bring some sweet baby rays. That's what he's asking for sweet baby rays for Tahoe. So you had Google in this relentless uptrend.

This is only for the last, this chart only goes back to April, but if you were to zoom out even further, you would see that it just, I think it's over 100% in the last 52 weeks last year. And so they reported in that blue line going up is the 50 day moving average. That is like one of the standard metrics that most traders and investors use for like short to mid-medium term momentum.

It's clearly going up, the trend is up. And when you have something like Google that everybody clearly wants to own no matter what price, because the market cap now is at like 1.96 trillion, which is insane. When you have... That's the trillion or mindset. That is. I mean, that's Sundar really. Pishai, I think that's the name of the CEO.

He's got that trillion or mindset. He truly does. Dude, he came from multi-trillionaire mindset. They did a split, I think a few months ago, and it just, everybody just needs to own Google, I guess, just at any price, which makes sense, because they are everything. Hey, what are you used?

You used Bing? No. And Duck Duck Go, baby. Yeah, you do? You do? Actually, no. I think more people should. They're growing a lot.

Now that, I don't know, we're like entering this new age of people wanting to own their own data. Which I know has been a thing forever, but now that Apple actually implemented the privacy stuff. And you know, you can see that in snap stock. They're down like 20%. Oh yeah, you heard a lot of people's earnings. Oh my God, snap is down like crazy because they've finally come out and been like, this is complete fucked our business. Same with Facebook, yes. I didn't even know that. Yeah, it's crazy.

But you've seen on your phone now, you have to accept that Apple, yeah, that the app can track your data. I did see that recently. So now a lot of apps are getting locked out. Whoa. You have to opt in. Right.

So they, yeah. So is Apple doing that to screw other companies or to like protect people or both? Both. They're saying, they're selling it as like, we care about your data. Yeah. They're like, we want it. So is Apple doing that to screw other companies or to like protect people or both? Well, they're saying they're selling it as like, we care about your data. Yeah. We want it. It's a big part of their brand now, but it's also a complete fuck you to Mark Zuckerberg.

Yeah. And I think that's, I mean, that paired with all the shit that they're going through, with you know, extremist content and everything, they're fucked. That's why he's doing this, because he wants to make someone else's CEO of Facebook. And then he can work on his passion project with just the metaverse. But Facebook is still gonna exist. It's just like this is like an alphabet type.

Yeah, interesting. How Google changed the name that. So those guys can just wipe their clean hands. Sergey, Brian, and Larry Page just don't even, and now former CEO, Eric Schmidt, that guy, oh man, he was a sicko. He had like a sex yacht, a sought. I call it a 900 footer, dude. Remember what's his name? Yeah, the 800 footer. Yeah, the 800 footer. Well, so anyway, these guys just, and by the way, on the way up, insiders from Google were just dumping tens of millions

of dollars worth of stock which doesn't necessarily mean anything because when you're worth 30 billion dollars it's a drop in the bucket. But so the lesson here sort of I mean if there is a lesson it's more just for me relenting about how effing annoyed I am you could have bought the 2850 call options The the morning after earnings on Google for like five bucks 2850. Yeah, the 2850 strike meaning You want Google to go to at least 2850. Yes, that's the strike price at which you hope to at least that's where you want the puck to go per share 2850 And intraday meaning the same day, Google shot as high as, went to all time highs above 2950.

So those options were like five bucks in the morning and shot to $100 in the middle of the day. So you could have bought, you could have bought one of them for 500 bucks. And at the end of the day, or not the end of the day, but at some point during the day, you could have sold them for 10 grand. Just the one.

Jesus. I know. I know. And where were you? I was asleep. And by the time I woke up, it had already shot up to like 28.50, so I thought, oh, the move was over. But part of it was, all right,

it was right around that 50 day moving average. So it's like, all right, it's either going to get rejected again and start like maybe going to have an midterm downtrend or it's gonna swipe right above and that's what it did. It shot right back above that 50 day moving average. So that tells you that the strength is still just, I mean, it's insane and the volume

that coincides with it. So that's what you can do with options. And the last thing I'll say here is with a stock like this, where the prevailing trend has been up, the odds are in your favor. It's gonna keep going. You know, another TikTok that I saw. Sorry, I keep bringing up TikTok.

No, TikTok's cool. It is cool. It's still gonna happen. We like social media. Yeah, there's some good videos on there. Yeah, there's some sick videos. Yeah, follow the Twitter in your mindset on TikTok. Like, behind on there.

100%. Get us to like a thousand and I'll do a dance or something. But I think it would like what kind of dance. I don't know, the people can pick. A hockey dance. No, like don't they do dances on TikTok. I'll do one. Oh yeah, get us to that.

Squat! But I'll actually try. It won't be like an iron. That is one of them. Squat, the Squat Shoot Dance, es rauf. Das ist ein der anderen. Das ist eine Schuhe, das Schuhe-Schupe-Dance, das ist alles. Geh mal an, wo wir? Was bringt früh aufstehen? Langschleffer.

Morgenmensch! Und echte Träumeland in der Früh näher zusammen. Der flaumige Elz-Butazopf. Meisterhaft von Hand geflochten, mit saerte Alpenbutters Österreich. So ist jeder Morgen mit Liebe gemacht. Mit Freiland ein, there is even more love. That's why the old masterbecker used to use a Freiland I. Everyone would like that the old masterbecker used to be.

I think it was another kind of finance stock podcast, which by the way, fuck that. It sounds much better. But they had some guy on, he was talking about how he worked for a billionaire. And I guess he was doing analysis. Yeah. Doing an analysis on some trade, he was gonna pitch

to the billionaire. And the billionaire was like, what are you doing? He's like, well, I'm doing an analysis. I want to pitch you something. And he was like, deep in charts and shit like that. And the guy was like, fuck all that. This is my principle. Like if it's moving up and to the right,

most likely it's gonna keep going that way. If it's moving up and to the right, most likely it's gonna keep going that way. If it's moving down and to the right, most likely it's gonna keep going that way. That's so true. When there's tend to keep winning, losers tend to keep losing. So, doesn't that mean, now I don't mean to like offend day trading at all.

No, but it kind of seems like options and derivatives of stuff. It's just gambling. It's totally gambling. There's nothing there that you're not trading on the fundamentals of the business. You're also not supporting the business at all. Like if you want to support a business

and you believe in a business, just buy the stock and hold it. Absolutely. There are merits to buying options. There are billionaires who buy options genuinely to position themselves long. Okay. There are, I mean, there are merits to buying options. There are billionaires who buy options genuinely to position themselves long. Right. I mean, but for traders, yeah, it's a tool

to capitalize on moves like that. Cause yeah, you could have bought the stock outright, but if you only had a thousand dollars in your account, A, you shouldn't be trading options. And B, just save your money, man. I don't know. But there is, like just how there are gamblers who make a living at it

because they can kind of play the odds and count cards and stuff. You can, I mean, you can make informed trades and informed decisions totally, where you define your risk and you see, like, all right, Google just reported their earnings. You've got this 50 day moving average right here.

It's near support, whatever. And you can kind of gauge the risk reward there. So it's just, it is still gambling, but it's a lot more informed. And yeah, there's potential there. Yeah, I think it, yeah, it seems like, when it's your job and you know what you're doing and you spend all day actually doing research and making informed decisions. Yes.

Then it probably makes sense, but for someone like me who like I was, you know, I was looking at Robinhood and I was trying to give it the time that you need to, but I just couldn't really dedicate the right amount of time to making money on options. So I only lost money and the only money I've made in the stock market, it's just because I was like, listen, Shopify is the backbone of e-commerce. I need to own this stock because it's only gonna go up. Yeah. And it has. Like that one has made a bunch of money for me.

I mean, not a bunch of money, but I mean, I had like $2,000 in it or something like that. But it percentage wise, it's gone up a lot since I bought it. Yeah. I had it at 300 bucks from the COVID lows and I sold it at like 350 for a trade. Yeah. And I deeply regret it because I should have just held on. I owned so many things at the COVID lows that I sold because I'm a stupid idiot. And Shopify was another one this morning. Shopify, when they, you could have bought the, what was it, the 1450 strike calls. They were like 75 cents.

You could have bought 10 of them for $750. And they went up to like 50 bucks or something like that. So that's $750 into 50 grand. Damn, the amount of money I'm gonna buy. And I didn't wake up. Yeah, I know. We're gonna have to do a rewatch of Wall Street too. So Tesla was the big thing

that I really wanted to talk about because Tesla last week, so this is where trading and charting kind of does make sense and can inform, and can help you make informed trades that are well defined within your risk parameters and your risk appetite. So,

I just, this one's painful just because for so many reasons, Tesla's just like, it just doesn't stop. It's just such a cult stock and has been for so long. And it's like, there was a point where no matter what news came out, it just, it only helped the stock because everybody kind of seemed to collectively know that there were so many haters and so many people shorting it,

that it's like, well screw those people, we can just squeeze them. And then it just... But now it's riding high on good news. Yeah, they announced what on Monday? Yeah, a deal with Hertz. Yeah. Hertz is buying what 100,000 electric vehicles from Tesla

Yeah. To restock their rental car fleet. And the stock, it was worth $4.2 billion. That deal. So now their market cap is over a trillion. Yeah. Hit over a trillion dollars. And we got a chart here to show you what the trade could have been.

So on this chart, and again, for those listening, you gotta just go to YouTube. That red line that I drew horizontally is the previous all time high reached in January of this year. And then it took all year for the price to kind of come back up. It was just about $900 to share. And on Friday it broke above that and I wasn't paying attention. And if you were a savvy trader and you're paying attention

and you're watching Tesla and you had this chart up on Friday of last week, you could have easily picked up the 950 strike calls which were like five bucks. You could have bought, say you bought ten of them, five grand, and the way pricing with options works for those of you who don't know, even though it's like say the option is $1 because it controls 100 shares of stock, just move the decimal over two places to the right and that's how much one contract costs. So $5 option costs $500. You buy 10 of them $5,000.

Simple enough, right? Yeah. So anyway, you had, it was more likely than not just knowing Tesla stock and how when it comes to like a resistance like that, that's almost a year old, that it's probably just gonna plow right through it. That's what I'm gonna do. Like that, just gonna break right above it because looking what happened, and I put my note there, wow, okay, no, that's fine.

Because like, that's a big old candle. Yeah, that's a huge, that's a huge, huge move. And it just, because there were probably people who were short going into that thinking, oh man, it's going to hit this people who bought, like if you were short, you were thinking, oh, people who bought the top in January are going to finally want to get out because it's been all year and they're finally break even, right? You would think that, but no. So you could have bought the 900. Oh, does, do you see that happen? Yeah, that happens all the time.

Like if, you know, resistance becomes support and support becomes resistance. So everyone, you expected everyone right there to be like, all right, finally I'm back even, I'm dumping all my stock. Yeah, you would think so, but I mean, leading up to that, leading up to that, you see that kind of surge just the last couple weeks.

That says that there's a lot of buying interest still. And it wouldn't surprise me if there were savvy people who knew that this hurts news was coming because someone always knows. Yeah, like there were people, because right after the news came out, there were commercials on Instagram. Right, crux. My buddy on the hurts commercial was like, you gotta buy big. There were people, because right after the news came out, there were commercials on Instagram or in the court. Crooks.

My buddy on the Hertz commercial was like, you got to buy big. No, I'm joking. I was like, don't, I'm just like, on the fucking tom Brady. Now, I wish. You were like working on that commercial and you knew that this news is coming and you saw this chart set up, you could have just go to jail. Do you think it's worth explaining the, like, I don't know if you guys have seen the meme of like, people have been like, whoa, you know,'s worth explaining the, like, I don't know if you guys have seen the meme of like,

people have been like, well, you know, just a year ago, Hertz is bankrupt and now they're, they're shilling out 4.2 billion for, well, they raised a lot of money because, yeah, but also they went through chapter 11 bankrupt, so you're allowing them to like, restructure it, doesn't mean, you know, it's, it allows them to, the court will be like,

there's still a good business plan here. They hit a problem, which was the COVID pandemic, but they can still be profitable. What does that mean? What does chapter 11 bankruptcy? You don't have to pay your debts? They got a lot of debt discharged. There's different types.

I forget all of them, like chapter seven, the law and liquidation. Yeah, so you're selling everything off to pay your debts. And then once you've sold everything off, your debts can be forgiven. Chapter 11 is usually with businesses. Chapter 13 is I think a similar thing for individuals, but chapter 11, you're saying like,

look, don't shut this business down. There's a good business model here. Let us reorganize and- Oh, we need a few times. Let's move on. That's all we need. Because I mean, it is a profitable bit. Like no one could have forced out of the pandemic

coming and just travel coming to a complete halt. Yeah. So, I saw it coming. You don't need to, my friend told me, I'm not like Marshall. So they were, yeah, and they were allowed to, uh, have some debt forgiven. They got a lot of, they got new travel investments. Yeah, you all kinds of stuff. I mean, I think this is, I don't know anything about this, but I think it's a pretty smart move. Like just on surface level, I looked at that

and I was like, that's kind of genius. Everyone wants to drive a Tesla. Yes. So when they go to a new city, if it's cheap enough, people will just rent a Tesla. Well, which ones do they buy? The lowest model? Yeah, I think so.

Yeah, so they're gonna be cheap as fuck. Are they? That's, I'm just, because they don't get any price break. It's just, they pay the same price, Elon Musk tweeted that, yeah, cause it was basically $42,000 per, yeah, but I meant, that's like, in terms of what they're gonna,

like charge people to rent them. It'll probably be the same as like a Jeep. Yeah, the NAMX, cause literally, I don't know about you, but when I rent a car, literally just like, give me the cheapest one. I don't need to roll around and like, I fucking, oh, you can drive that thing like,

race car. No, well Miller style. Ripping corners, making your girlfriend's wheel in the front seat, going 25 and a Hyundai. I also think they're going to be installing, it's going to help the network of chargers and everything because they're going to be installing charging stations at every Hertz.

I'm probably going gonna help their AI thing too, the more people out there driving, the more, yeah, it teaches the robot. It definitely won't hurt it. Nope. I got it, it hurts it. It's not pretty good, really good. Well, so that news really pushed Tesla

and yeah, those 950 strike options went from like five bucks to God, I think, I want to say $138. So $5,000 into $138,000 you could have done. Jesus Christ. Yeah, or $2,500 into whatever half of $138,000. I can't do that math in my head. 70,000? Just under $70,000.

And that's why you should trade options. Well, that's why you can. There are, there are, the biggest thing with trading options is be patient, wait for the fat pitch, wait for the meatball, man. There you go, the meatball. The meatball's come, don't, don't, just when you're feeling like, oh man, I gotta get in there, that's when you know that you shouldn't because.

The meatball's come, but you still miss. it. Meatballs come and baby you whiff my bad is like a wet noodle and I'm just Sucks god so like between yeah between Google Tesla and Shopify With my trading style. I should have easily cleared like a hundred and something thousand dollars and I You were sleeping. I was sleeping but you were getting a good sleep Was it good was it good no it was terrible. I wake up every morning at like four to pee Oh, yeah, ever since I turned like 25 I can't sleep to the night. I can't when I sleep on my back It's there's something in my body that's like we got a manufacturer piss now and I have to pee if I pee He's on his back quick.

And that was our chance. That's what happens, my dumb body. For what? Just like, yes. Push the piss. And then I gotta go within 20 minutes. Yeah. So if I were ever in a situation,

gotta hope I end up in some life or death situation where they're like, we can't get out of this room and there's someone pee's. It's gonna be like, hold on. Let me take a nap real quick. We just lay on my back. I can go hours without drinking any liquid, but if you put me on my back, my body will find it.

It's just thing. It'll pull it out of the ground. I don't know. It sucks. Anywho. Here's the thing. Does Tesla keep going up? Like, it kind of seems at some point and people,

I feel like people have just been waiting for it to crash eventually. That's the thing. So, just back on the bankruptcy stock thing, when a stock goes bankrupt in chapter 11, a queue is put, the letter queue is put on the end of the, I mean, the ticker symbol will change to something, but there's always a queue at the end of it. So, when you see a ticker out there with a queue at the end of the, I mean, the ticker symbol will change to something, but there's always a queue at the end of it.

So when you see a ticker out there with a queue at the end of it, they're in bankruptcy proceedings. And there is this whole subculture of people out there who are like the Tesla queue people, not like QAnon or anything. Okay. But they've just been haters of Tesla since Elon took over. And they've rightfully so, they've got a lot of good points, but it's like the market is always right.

Like price action rules above what you think and even what facts may be out there. Cause they do all, I mean, we'll do our deep dive one of these days, but like, they do all sorts of things to juice their numbers. Like, I mean, famously, a few months ago when you bought Bitcoin, like without that Bitcoin profit,

Tesla would have reported a loss. Right, well, I mean, that's just an interesting question because a lot of people are saying on the internet, like how, like, like I'm wondering if you can explain Tesla's valuation, because I think I saw something online where it was like, it was a chart where Tesla is now at a trillion dollars and it was like the next nine car manufacturers

combined didn't have a market cap, but trillion dollars. And actually I'll add to that. I have a question about like a company's market cap or what they're trading at in relation to their profits or their revenue. E-Ratio? Yeah, profit earnings. yeah, profit earnings. Yes, it's like remarkably high.

Oh, it's like 400 and something. Yeah, which is just... And it goes back to what you were talking, like, you know, you were saying, like, isn't this all just gambling? And I mean, it seems like a running threat of the show is that like, our economy is just based on speculation and not people actually creating products or, you know, it's just all speculation.

It's all consumerism and rampant speculation. Yeah. And gambling. But like you guys bring up really interesting questions and points. A lot of the metrics that the old school used to use like PE ratio is like market cap, just doesn't seem to matter anymore like they do it's kind of like confirmation bias like oh if something drops from great heights and it's like well it was sporting a two trillion dollar valuation it was bound to come down it's like is that really what did it who knows

valuations it just sort of it's it's all crowd It's just sort of, it's all crowd and heard thinking these days. It's just like, do you like the company? Do you want to own it? Yes or no? And it, like, PE ratios and market caps be damned.

We're in like this new, and who knows if it's temporary or it's permanent, where it's just, it doesn't matter. You wanna own Shopify? You gotta own Shopify. You wanna buy Amazon? You've gotta own Amazon. It just doesn't matter what their, what valuation metrics you use. Because for every one where it's like, oh, their PCE ratio is 400 and something, it's like, yeah, well, you

could just as well say that the potential market for automated taxis is in the trillions. So by that metric, it's actually undervalued, which is a lot of what the like Tesla permeables I see but also like Elon Musk's brand is factoring into that absolutely To some extent like he has a shit ton of fans. Yeah, and part of it is buying into his cult Yes, and people feel like by proxy you're kind of buying into like SpaceX and Starlink Yeah, because who knows how he's gonna maybe meld those companies one day to be totally under one big. The paper loop. Yeah.

It's all, I mean. Boring. The boring company. The flame thrower guy company. How is he gonna tie all those together? Uh, I don't know. It's gonna be under some stupid acronym. Like, it's gonna be called like 69 or something.

So he can giggle. 69? Oh, oh, oh, oh. It's gonna be called um 69 or something. So he can giggle 69. Oh, it's going to be called Sheba Koen Tesla 420. Oh, that was terrible joke. That was pretty good. Honestly, he was a good impression. I just he, man, well, is this a good time to? Oh, yes.

So his net worth, the news, his net worth went up 36 billion dollars. The most in a single day. He did it. This is what his net worth the news. His net worth went up $36 billion. The most in a single day. He did it. This is what he tweeted on the day. Well, he tweeted wild times with the emphasis on the $1 trillion market cap. Oh, I thought I kind of, I mean, I guess it still kind of is a flex, but I thought he was talking about his net worth.

No, he is. I guess he kind of is. Oh, yeah. Michael Saler, Michael Saler, the CEO of MicroStrategy who pivoted to Bitcoin, tweeted, congratulations. The first trillion is always the hardest, which is a play on who was it? I think Charlie Munger or something said that to some rapper, like the first billion, the first billion is the hardest.

I don't know, man. First cut is the deepest charlie munger do you guys know who charlie mungers all the old jazz drummer he no charlie munger is um... he's uh... warren buffets like right hand man business partner but i saw an interview with him he's like he all he does now is go on speaking tours because everybody considers him and warren buffet to be the best. He married two Nancy's. Oh, that's awkward. That's weird.

These guys are so cute. Nancy Huggins and Nancy Berry. That's a skit girl. Yeah. Anyway, so Charlie was asked what he thinks about Elon Musk and he said something like people who think highly of themselves tend to like actually live up to that kind of something like that. I'm paraphrasing. It was something like that. But then he said he doesn't own Tesslestock, wouldn't buy it, but he also wouldn't sell it short, which is kind of what a lot of people think. It's just like you don't know

as let it be. It could because before it, before it became this prolific like got to own it thing it was It was pretty volatile like there were days when it would drop 20% on because it was all hanging on like How many cars are they going to be able to produce and all the all the permabairs the guys who hate Tesla would point out like they're making cars Intense in parking rights, right and they love to point out how they have making cars intense in parking rights. And they love to point out how they have like the craftsmanship on these things. The build quality is just garbage, like gaps in the, oh my god, I see TickTock's about that all the time.

Yeah, me too. But it was also kind of because like, it wasn't for sure that the EV market was like here to stay. Wasn't it like, even five years ago, people were still like, oh, I don't know if this is gonna catch on. Yeah, I mean, I'm everywhere. I'll obviously it's the future, but. Yeah, I'm looking for a new car and I was like,

I basically paused because all the supply chain issues, I was like, I don't wanna pay more for a fucking car. It's just thoughtful. I'll come back down. But then I was like, I was just looking at a regular gas car and I was like, this feels fucking stupid to get a gas car. I should just get an electric vehicle.

You want to buy my old Volvo? Is it electric? No. No. I mean, it's got electric parts to it. It's got a radio. It's got a cassette tape radio. I want that new Subaru electric. Come on, 2022. Yeah. Well, so do you guys like Elon? No, not a fan. I think I think Elon these nuts in your mouth I could have gotten you there with something. Elon, Elon, that's nothing but I just, I was perfectly set up. He's nuts in your mouth. He's something it could have been.

Elon, it's not. It's not. It's not. Oh man, you got me. Dang it, I walked right into that. Well, I'm gonna get somebody one day. Feline, I bet he would crack up at that. He would love that.

He would love that. Oh, oh, oh. Very good. He made a, he's nuts joke with my name. Huh. Are you an Elon fan? Not really, I mean, I don't know. I think he's definitely changed the world. Yeah, you're not one of the kind that really are. You're an Elon fan? Not really, I mean, I don't know. I think he's definitely changed the world.

Yeah, you're not one of the weird Elon stands. No. Okay, you guys all know the meme where it's like the, it's the Simpson's thing and it's like Homer jumping in front of a poo and it's like Elon Musk, weird nerds on the internet. Oh yeah, they would basically take a bullet for him.

Yeah. And it's just inexplicable. It's just the richest guy in the world, and you guys are like, no, he's actually good. He's Tony Stark. No, he's not. Yeah, I think he's worth now almost $300 billion. Good for him.

It's just good for him. Oh my God. No, he did it. So we have, he tweeted something about the wealth tax. He said, according to their own estimates, So we have he tweeted something about the wealth tax. He said according to their own estimates this. So just a little background, there's a reconciliation package that's been, I mean, it's been going on for months. It's a fucking joke at this point.

But they are talking about ways they're gonna raise the money to do this. And one of them they floated was a billionaire tax. It would be a tax on like, like, unrealized gains. It's the wealthiest people. And, uh, but yeah, it's unrealized gains, right? Which is just kind of ridiculous, but I for billionaires, that definitely makes sense because they don't pay taxes because they just hold stock and then they take out loans

Right against the stock against the stock. What do you learn does yes? So then they paid zero stock because they don't make a salary right, but they're still richest fuck So this kind of makes sense I think it does but it has tweet no no not not as sweet I'm talking about the unrealized gains tax. Oh, yeah, don't know. The unrealized gains tax is like, yeah, I don't really know, cause yeah, someone like Elon Musk, if he's got a $50 billion tax bill, and then he has to liquidate the only thing that he has, which is Tesla stock,

it could hurt the stock price, which could then have, you know, there's a slippery slope, I guess, some people think, cause it could have cascading effects, and like Mitt romney was like all the billionaires are gonna want to participate in the stock market anymore they're gonna want to buy valuable art instead which is famously liquid yeah they already got that we can play the clip uh... but yeah that's it's just great he went up thirty six billion a day

and he's already complaining about yeah he on the on said and... And he's trying to pin it on, so he says, according to their own estimates, this tax only covers 10% of three and a half trillion dollar spending bill, which is fine. It does, it's not like there are other ways to make money. There are other ways to raise money. It doesn't mean that it's not gonna cover it. And then he says, where will the other 90% come from?

The answer is you. And he's saying like that's gonna come from ordinary people. And it's like, that's a tax on hundred of the wealthiest people in the fucking country. There are other ways to raise revenue. It's like this is and he's just trying to make it like just every get everybody to be like yeah, the richest man in the world. Yeah, which is yeah, it's insane. And then he says uh... u.s. national debt is roughly twenty eight point nine trillion or roughly two hundred and thirty thousand per taxpayer even taxing all billionaires he puts in quotes at a hundred percent

would make only a small dent in that number so obviously the rest must come from the general public this is basic math spending is the real problem he's not ronks to you he links to us debt clock dot org and we've covered what the dead is it's the issue and so of bonds that the government then has to pay interest on it's not necessarily the same thing as you were i racking up credit card debt right because we can't we're not buying and spending with Ben bucks, where I can just print as many as I want. It's like, right. He's doing like a crazy, weird right wing

talking point of like, it's not even right. Like many people use this like, they, they, use the debt as a reason why we can't spend any money. And don't get me wrong. The government shouldn't, the government does have spending problems like we shouldn't be We do waste money left and right, but come on son. I bet he'd be he'd be singing a different tune if the government bought some Teslas Well, I mean I think he gets paid out a hurts book. I think he has a different tune I mean you can look it up. He's he's been saved and bailed out by by government subsidies to the tune of like he's been saved and bailed out by government subsidies to the tune of like 5.9 billion dollars. Oh man. Tesla has survived by the skin of their teeth because of government subsidies. He used to fucking, I think he used to

dog on Obama for like saving Tesla. He was like, it's a failure. That's part of why I think Elon Musk is untouchable because of SpaceX. Because he knows that's, I'm convinced that part of the reason why he just openly mocked the SEC, this is here, he's an exchange commission, and he's untouchable because the government needs SpaceX, and they need him to stay solvent. They need they need Elon Musk, man. So is this a good time to buy Tesla stock? No, touch on the other news of, you know, the top 1% now have more wealth than the entire middle class, which is 60% of Americans.

That's Christ. They did it, guys. I can grasp. Can I have my jar? Do we have the jar of pennies? This was a woo. That's what it looks like to be in the top 1%. Yeah, that's a true bar.

We're flusies behind you. And you're playing, what is that? Croquet? Yep. They give you a bow tie, actually. As soon as you crack the top 1%, they give you a bow tie. But this was a funny, funny like it's your honorable. I thought it was going to be stupid to even cover it because I was like,

oh, everyone's going to talk. I haven't seen it really anywhere. And I think it's kind of a bummer to me. I like it makes me feel like these new stories will just keep coming out and being like the rich have dunked on the poor once again and own more and more. And no one will care. They'll just go. Yeah, that's just how Here here's got a question So so there's like now there's like a record number of wealth in

Like the boomer generation that has yet to trickle down, right? How is that eventually going to happen when they die? Yeah, because they are taking it with them. They might, I mean, it might not happen. A lot of boomers might just say screw it. I'm gonna buy an RV, I'm gonna buy a jet ski, I'm gonna buy a second home. But their arteries are so clogged with McDonald's

that I don't know if that's gonna happen. The government's putting, what's that stuff in the water, fluoride in the water, to poison them. They need to kill boomers because social security is not gonna be funded for, by the time we reach 20, 30 or something. I don't know what I'm saying. We can fund it.

We can fund it. Yeah, we can fund it. But that wealth does eventually go somewhere when they pass away and when they have to start taking it out of their iris, if they've got traditional IRAs, they have to take out the required minimal minimum withdrawal is like, I don't know, $6,000 or something like that or some percentage when you're 72 and a half, I think. But it eventually does start to come out, but doesn't it also happen like, you know, when the economy suffers and stock market goes down,

so people are able to get in because other people are selling their wealth, yeah, or that should be something that happens, but it has not happened because, well, it happens so much faster these days, because everybody now, all millennials, we are now older and a lot of us have money in our pockets that we are ready to like swoop in and buy the dip. There's also the passive investment

boom where people just, you know, they max out their 401k. So at the start of every month, there's this massive inflow of money coming into the stock market from people contributing to their 401k's. Their IRA's, their pension funds, everything, just, there's this, there's so much cash out there just sitting on the sidelines. It's insane. I think it's over like $2 trillion in cash that people have. Yeah, it'd be tight. You should do a heist of some sort. Steal something from somebody, I don't know. But what's infuriating for a lot of people

myself included is the wealth disparity, especially over the last two years, has largely been created by the Federal Reserve and by Jerome Powell, who was in such an impossible position because they had to step in and do something to like stem the bleeding and stop the bleeding. And it worked, but at what cost? It's like it.

So when you see all these headlines about people, the rich becoming richer, it's because they did the only thing that they could do and they stopped the stock market from going down and they implemented easy money policies that made it so that stocks would just rock it right back up to all time highs and beyond, which helps the rich people who own the stock. Do you guys want me to explain why that happens? It's very simple.

Yes, yes. Okay. Because if he said no, I was just gonna take a second. No, let's talk about some okay Why this is here so yeah, this is the visualization that I'm gonna get to in a moment this handy Bucket of pennies. This isn't a bucket. This is a I don't know what this is. What do you call these things pitchers? Pitcher. Thank you very much. So the Federal Reserve

How do I explain this? The Federal Reserve wanted to inject money into the system because liquidity is everything and liquidity is good and when there is a lack of liquidity that's when prices tend to just plummet. Or you know it can skyrocket too, but generally it's in the other direction, an undesirable direction. And the way that they inject money into the system is, and what they did was, they buy bonds every day,

tens of billions of dollars worth of bonds, and they buy it from institutions, banks. And so if you're a bank, and the Fed is buying bonds from you that you hold, they're buying them back, suddenly you've got cash, right? Or if you're an individual who's got, suddenly you've got cash, right? Or if you're an individual who's got bonds, you've got cash. What are you going to do with that cash?

Where else is it going to go? But the stock market. And part of it also is because the Fed lowers interest rates so that it's not smart to hold bonds because the yield on them is so low, it's like, why am I going to hold a billion dollars with the bonds that are yielding 1.1% when I can park that money in the stock market and make more yield. So it's like this feedback loop and that's why you see the COVID drop just went like this and then absolutely just rocketed well beyond and into all time highs because the only place to put your money is the stock market Makes sense and it's like that works and that's good and that helps a

Lot of people especially if you're middle class and you got a 401k and IRA But at the same time it's like it does serve to expand that wealth gap Which begs the question that we wanted to get into is it does serve to expand that wealth gap, which begs the question that we wanted to get into is how much is enough? How much is there and should there be a wealth gap? But I also think it goes along with something else we were talking about, which I mean,

so there's more to it, there's policy decisions and there's corporate greed that goes into this. I mean, I don't know. I'm sure people have heard the term strike tober. There's a lot of, I mean, not that many there, but the biggest one is probably John Deere with the United Auto Workers. I mean, that's a huge strike. That's 10,000 workers on strike.

Right. And why are they going on strike? Well, number one, I think they're pissed off after the pandemic. A lot of workers are feeling this where they were called essential and now all of a sudden they're like, okay, business is back to normal and they're not seeing the wage increases they should have. I think their wage increase didn't even match inflation.

They also did this thing, which is becoming pretty common now of their tearing off Employees so they're saying like tier one employees can still get all these benefits if you're in after a certain amount of time If you get hired now your tier two you don't have access to the same healthcare benefits You don't have access to the same pensions and luckily you're seeing solidarity like tier one people are saying like no We're going on strike with them like we don't want these tears anymore um And like and you you'll have a lot of there'll be intergenerational workers

So I mean there may be people who are like I want you know my sons and daughters to have access to the same benefits and wages that I have But I mean there's also I don't think they've got on strike yet Kaiser nurses. They're at like I think most recently It's at like 40,000 nurses out of like 200,000 are ready to strike. Ayati, everyone I'm sure has heard about the film production and TV production people. They have averted a strike, but they still have to vote on it. So they could still strike.

There's nurses and Massachusetts on strike. It's, I mean, people are sick of it. Yeah, and people went up. And I mean, people are sick of it. Yeah, and people... And I mean, there was a, like, someone did a nice little tweet thread of like, what, you know, these companies' profits and how much they could be making if they just gave everyone pretty sizeable raises. Like, we're talking about like $20 an hour. So yeah, people are pissed and, you know, there's a tight labor market, meaning that like,

if someone walks off the job, it's not very easy for them to just replace them. So they have a little bit of power, but I mean, it's still, it's not great. I mean, because they're seeing like for John Deere's example, they're seeing, oh, this company that I work for now is posting record profits. Right. CEOs getting huge bonus. Dividance are being increased. They're paying the shareholders,

they're sharing it with the shareholders, where's our cut? Which is like, that's totally valid. Is the maximum wage for executives? I think the maximum wage, I mean, would, would, yes, the maximum wage, that was an old article that we had pulled up. Switzerland, there was a, the maximum wage, that was an old article that we had pulled up. Switzerland, there was a push for a maximum wage, uh, for, but I mean, yeah, I imagine it would, I mean, it could be anyone, but I imagine it would mostly hit the like executives.

Um, they were pushing for a maximum wage. There was going to be a ratio from a multiple of, I think they're pushing a like, which wouldn't encourage them to raise wages if they want to make more to. Yes. Yeah. Exactly. Like, hey, CEO man, you want to make more money? Bump up the pay for the janitor guy scribbling the poop off the toilets. Right. So yeah, there's a lot going on. I mean, but I think it's like 10% of the labor force in America is unionized right now, which is not much. And I'm sure everyone's seen that meme of like, as union membership goes up,

wealth inequality goes down. They're like two X's, like they just cross. Interesting. So yeah, I mean, it's interesting to watch, if you guys do have any interest in this, there's a guy Jonah Firm and he runs Labor Notes. He's got all the updates on labor across the country. Oh yeah, sure, Jonah.

But I mean, this is, it's like important stuff. I mean, I don't think people really pay attention to this stuff and like, talking to just people, they were like, oh, that's great. Like, they're gonna fight for the rights of stuff and it's like, it sucks, man. Like John Deere said they wouldn't cut off their healthcare and now they're going and workers are finding out

that their healthcare has been cut off. One guy died in Illinois, he got hit by a truck. Well, he was picketing. They get like, egged, people fucking swerve it as they're driving by. It's no joke. You know, people should not have to rest their lives to get a fair wage.

Yeah. Someone should write John Deere. Deere John. Nice. Nice. I stole that from some movie, I don't remember. I dear John is a letter that you would write someone, I guess, back when people wrote letters. Boys, I wanted to visualize something for you.

Oh yeah, right. Okay, so what is it? You see all these pennies? Yep. Should I pour them out to illustrate my point? Because this pisses me off, man. Hey, Emile. Hey, yeah.

Whoa, what are you doing? God that's annoying as hell, isn't it? Isn't that so annoying? Who's gonna fucking clean this up? I'll clean them up, but that's really annoying, isn't it? Why why is that annoying? There's so many there's so many pennies right there. So they're like you know how many pennies are there? They're everywhere. There are exactly 10,000 pennies there You just put 10,000 pennies on yeah You just poured 10,000 pennies on it. Yeah, that's 10, or wait, is it a thousand? A thousand bucks? No, it's 10 dollars worth of pennies.

So that's a thousand pennies, sucker. Yeah, now it's your problem. That's so many pennies that you would have to pick up. So this is my visualization for how much just a billion dollars is, a billion to who to who what Okay, okay wait in compared to what every penny is worth a million dollars every penny is a million dollars, okay That's so much millions of dollars Right there. That's just one billion and MFers like Jeff Bezos and Elon Musk have like hundreds of those,

what are they called, pictures full of those pennies? Can they dump one of them on me? Exactly, man. Don't put them on us. Pour them down my shirt and into my pants. Yeah, I'll do that. I'm man-scaped, okay? I use man-scaped promo code trill and no more bush.

No more bush, so I can fit a lot more pennies down there. But I wanted to drive this point home at just because we talk about it so much and people defend, oh yeah, you should be able to make as much as you want, your heart's content, but. Well, that's been the absolute weirdest thing to me is like the people coming out of the woodwork, like defending Billy and Harris.

Like they're gonna have a shot. And they love to say, you know, oh, they worked hard for that. It's like, sure, maybe. But like a lot of have a shot. And they love to say, you know, oh, they worked hard for that. It's like, sure, maybe. But like a lot of people work hard. There's like, eventually takes other people to like, you know, to make it happen. But here's my whole thing. We adjust, or we should at least,

adjust the minimum wage as society goes on and as the culture shifts and as economics change. And we adjust, we're supposed to adjust the minimum wage accordingly. And it's like we don't do that for the top. It, and okay, so like that's fine, sure. Maybe you should leave it, but let's just say theoretically, what if Tesla triples from here?

And what if Elon Musk becomes worth $750 billion? Then we have to vote for the Emperor of the World. Like seriously, but like, are we cool with that? With one guy having that much, what if he becomes a trillionaire? He will. He becomes the first, are we collectively as a society not going to stop

and say, hey, maybe we should reevaluate the rules? No, well, is this still pedaling like shitty ass memes on Twitter? Yeah, well, that's exactly what I was gonna say. Well, oh, sweet about that. Oh, God, I am not looking forward to when he hits 420 billion. He just buys every country. Oh, 420 billion.

Yeah. Yeah, this is gonna be like, oh, oh, oh, for 20. Well, oh, God, that dork, that massive dork. What? There's a foreign coin in here. You should probably get COVID tested now. Oh, yeah, I see. After touching a hundred, a thousand pennies.

But that's just one bit like if you were to take 200 of those pennies and buy a mega mansion and then another 100 pennies and buy a yacht and like, I don't know, 50 to do whatever, you would still have 600 pennies left, $600 million to do whatever with. So like, I'm not even saying cap it at a billion, cap it at 20, that's more than enough for 100 lifetimes. Yeah, why do we need, but then that begs the question, okay, who is going to, what do you trust the government with it? I mean, not sitting in that like I'm a, you know,

anarchist. No, sure, not like I'm like, I don't trust the government with it? I mean, not sitting in that, like I'm a, you know, anarchist? No, you sure. Not like I'm like, I don't trust a government. I don't, for the most part, but like, what are they gonna do it to fund a war? I don't want that either, but I'm just saying we gotta have a conversation. We gotta talk about it.

Yeah, I mean, I don't see you. More podcasts. I don't see you. Any way out of this at all. I mean, the way they, like Elon Musk's response to be like completely against more taxes is just like, it's psychotic. I mean, and they're such fucking cry babies.

I had like a clip of Stephanie Rural from MSNBC when she, Joe Biden had just said like, you know, it's, it's Scranton versus Park Avenue. And she's like, I live close to Park Avenue. And yeah. And you take offense to that, sir. And because I worked very hard to get here. Right.

We're not saying that. And he's saying that. Number one, it's just a fucking campaign thing. They always go like, I'm looking out for you. It's mainstream versus Wall Street. And they never do it, Stephanie. It's just a lie. They say they're gonna help poor people,

and they don't do it. And like Joe Biden, I mean, this is the guy who went to donors and said, look, nothing's gonna fundamentally change. And so like, they are just such fucking cry babies. Big time cry baby. As soon as you wanna make like the slightest change to make someone's life a little bit better, they're like, well, I worked for this,

I worked so hard for it. Cody, what do you think? Should there be a limit to how many pennies you can get? Yeah, probably. And like, so yeah, what should I think Elon Musk, having $700 billion would be way too much? Yeah, because one one should have the much power. Yeah, because it's willing to do this everything.

Yeah. And it's wielding undue, unfair power over countless billions of other people, politics, culture, economics, everything that matters. Having that much money, I mean, you're more than several countries combined. Like that's that's profound. And that's something that I think is on a scale that most of us can't really comprehend how much money that is. Oh, yeah. I mean, we're at their whim. I mean, we were joking around about the Elon Musk tweet. We will coup whoever we want. We're talking about the climate crisis, and we need to electrify.

But I mean, you would hope that we would do that in a ethical, dignified way. And we have Elon Musk, the richest man in the world, talking about cooling countries with lithium mines that have nationalized them so that they can make sure that their country can properly profit off those materials. They're wealthy in. Damn. Yeah. That's intense.

Like, that is a in. Damn. Yeah. That's intense. Like, that is a dark fucking tweet. Yeah. There was a guy in 1934, the governor of Louisiana, started this movement called Share Our Wealth, because he thought that the Great Depression was partly caused by wealth disparity, which sure it was. But it was interesting. I was looking this up. The proposed bill was to cap personal fortunes at a hundred million dollars which in 2021 money is two billion in

limit annual income to twenty million dollars in twenty twenty one in today's income and cap inheritances at just about ninety nine million. Some of the rest would go to the government. Well they said that the resulting funds would be used to guarantee every family a basic household Grant of $5,000 and minimum annual income of two to $3,000 Supplemented with free college education with an IQ test You get to go back when that was the thing Vocational training

34 was kind of a tough time public works projects and a months vacation for every worker that sounds cool Like that sounds doable, but again, it comes down to whether or not the government is responsible and good enough to get that kind of thing done. Which I don't know. You don't think that would stifle innovation. Yeah, I think it could be, well, that depends. Cause like, would someone like Elon Musk or Jeff Bezos

just starting out be like, well, it's not worth doing because they're gonna cap me into billion. I think if you were capped at billions of dollars, these guys would just be like, well, what's the point? I can't take over the world. Yeah. You do. Probably partly like if they get to a point, let's say they reach that, they would just be like, all right, we'll screw it.

Like, I made my cap and why I'm just gonna retire, something. I don't know. There obviously has to be some sort of, it's gotta be thought out more where it's like, all right, maybe it gets distributed and- I don't know if I buy it though. I mean, we've just let, it doesn't all have to be based on that, right? Like, we've let privatization and corporate greed and everything take over to a point where

we've become accustomed to the public sector being unable to do these things. And it was like, in the early 1960s JFK, he said, we're going to the moon. He said, we're not going because it's easy, we're going because it's hard. Because it's hard. We had no fucking space program. And then in 1969, we went to the fucking moon You know we did and the government did it right NASA it wasn't But now we pretend like we're just completely Incapable without yeah, well in part of that is because they strip Government programs of all the funding and then they say see look how look how ineffective this is. And no, you know, I don't know.

It's crazy that people like space tourism is like, people give a fuck about that. Oh my God, William Shatter went to space. It's like, we fucking did this. So long we did. Yeah, we went way further. Yeah, way further. What the fuck?

And now we can't, why can't we bring people up and bring them back down? Oh, fucking crazy. It's like, no one gives a fuck. Yeah, I don't find it inspirational. No, would you ever do it? I would never fucking do it. Would I go to space?

No, hell yeah. No. Yeah, why would you want to go to space? Because we got enough here. Let's let's work on this shit. You got met him in. You can go in there. Exactly, exactly.

You can see. And you can go with a sweet rack too. Dude, you can float in there. Exactly. You can see and you can go with a sweet rack too. You can float in space with Mark Zuckerberg with a rock and set of boobies. He's just up there. I, man, can you imagine like the movie, uh, her, like a Joaquin Phoenix, he's married to his phone or whatever, but it's you married to Mark Zuckerberg in VR with mega boobies. Just giant hen-type boobs. Different movie altogether. You put them on that surfboard that he rides

so that they wiggle a little bit. Sorry. Last thing real fast, one of that. Yeah, she was just up decrying wealth inequality long enough to ask Cody some questions about her. Cody investments. Every special guest here. I guess my off the top of the dome.

Yeah, it is off the dome, please. What's your favorite investment here in the man? I wanna say June Shine, that's my guess, cause you like to drink it. I do like June Shine and it's also a really cool company. Just genuinely, I don't know, everyone involved is super dope. The other investors are really cool when he comes in,

so one of them dip blows one of them and then a whole bunch of other pro servers and athletes and stuff. So it's just like fun. It's a great company, you know? It's just like, it makes me feel cooler being involved with the company like that that they even like, you know, we're like, yeah, you can, you can come sit at the table with us. I bet. I, I definitely like that. I make my own at home, so if you guys ever wanna do a special edition brew from me. You make spiked kombucha at home? Oh, mine's not spiked.

Oh, okay. Shit. So it's like the boring kombucha. Yeah. Healthy stuff. It's from my gut health. I'm gonna have to pass. Hey, I had to take my shot.

Yeah. If you could invest in any company currently, public or private. Actually, no private, because way way my favorite one though, the favorite is like death, I think. Yeah. You like to look at this.

I think it is. Well, it's just blowing the fuck up. It's everywhere. Really? Yeah, and when we put, the reason why we invested is I just cold emailed the CEO. And I said, dude, I drink your shit all the time. Wow. I want to drink it on the podcast

and it makes sense for me to put money in if you'll have it. And he was like, we just are actually raising our series A Now, Live Nation is leading it. But we'd love to have you on board because it makes sense. So we'll make some room for you. And I was like, fantastic. And since then, they're at every music venue,

every festival, everyone is holding liquid death. It's huge. I think it's like probably one of the most fastest growing non-alcoholic beverages of all time. Interesting. And it's very interesting. Yeah, I have seen sober people really like it

because it makes them look like they're holding something at a party. And they're just drinking sparkling or flat water. And when you say we, we you and you're investing partner. Yes My friend Devon. Yeah Dev is the co-founder of cameo. So you guys set up what like an LLC or something? Yeah, is it an LLC? Yeah cool. And what do you call it? dumb money capital dumb money It was like a it was like a and you know like a, and you know, like a, we wanted to invest in private companies.

And so this is kind of like the first step in doing that is just angel investing, but we do it together because he, he gets great deal flow just because he's like super involved in the tech world. Oh, yeah. For me, it's because creator economy space is heating up so much, everyone seems to want a creator on their cap table. So I made so much sense for us to do it together and learn together. I like this way more than investing in the stock market.

Obviously it's way riskier. It's way more unknowns. It's a gamble too, right? Probably way more fulfilling though. It is, and it's like I came from the tech world. I worked in startups as a software engineer out of college and so I was always obsessed with Silicon Valley culture and you know,

what's the road in Palo Alto? Silk Valley? Silk, no, no. Rose, what the fuck? The Rosewood Hotel is on the silk, what the fuck is it? Like Sequoia has their offices on there. God damn it. Anyways, obsessed with like VC culture

and I would read like tech crunch religiously about which companies are raising and all that stuff. It's like you have to be, you know, this is 2012, 2013 in Silicon Valley. It's like apps are at their peak. Everyone's talking about who's raising how much money, especially in the Bay. And so like I used to just envy

and just wanna be part of that whole world. And so now that I can and I can be involved with startups without having to like, you know, sweat and grind every day because we're grinding on this stuff instead, it's really fulfilling. It's cool that I can still be a part of it and I can offer whatever help I can give, like getting other creators on the cap table.

How hands on do you get? I mean, like, I mean, with someone like Mom and House, which is another one of our investments, like that's pretty hands on because we're using the platform and we're helping them. They're helping us make money, but we're also helping them make money. And so that totally makes sense. That's like symbiotic. Is that the right word? Yeah, sure.

Fuck it. Totally. Would you say that you call people out for wrong words on the show? Yeah, no. You could use a wrong word all day and we'll be like, yes, sir. Good word. Would you say that all your investments are kind of, you kind of similar to Noel, you kind of buy what you know, right? Like you like, you like the product, you buy it straight forward, you know, you know, you like the product, you buy it straight forward, you know, you're not necessarily going for like a biotech

or something. I think that, not that you wouldn't. I think that makes the most sense for someone like me who doesn't have a team behind them, doing analysis and research, and every VC firm has a group of analysts that spend all day analyzing the market where this company sits, who their competitors are,

what the upside is, I don't. So it's like, I drink June Shine. It's a cool company. They want me involved. Fuck yeah, let's do it. Liquid does the same thing. And then with stuff like crypto, like with Lollie, which is the Bitcoin rewards company,

and then we also invested in autograph, which is an NFT company. That's just because I want exposure to that without having to trade NFTs myself. Because I've tried that, I've lost a bunch of money doing that too. I made money, but then I lost it all again, so. What did you buy?

I got really lucky, I minted this NFT, and it turns out it was rare, so I sold it, I made Dine Grand, and then I put that all back into NFTs and now they're just sitting there as Pictures. Yeah, I'm like I don't These are probably worth nothing. No, you're gonna display them in meta in your meta. Oh, yeah, yeah next to the No one's gonna see them because they're gonna be looking at my rack I really hope that someone hacks meta eventually to make everyone's avatar everybody is just big rack big boot just milkers. I would I would fucking spend the milker

time. Oh everybody would spend the what the milker verse. Oh geez Louise. Yeah, yeah, I don't know. I like this, and stuff with stocks and, I guess with options and with crypto, it's like, I have a really addictive personality. And so, when I'm primarily trying to, when that's my primary vehicle of investment, it's just me checking this shit all day. And becoming obsessed with it, and it's just like so unhealthy,

if it's not your main thing. It's like I have to be creative and make content, and it's like I can't be thinking about what shit coins are popping at the moment. Like I bought fucking $1,500 and shebe yesterday. Like a dumbass, like you said, at the peak, I'm gonna talk to everybody, I'm like, I want to end. So, wait, did you buy it at 0.0008? I don't know what the fuck I bought it. I thought to talk about it. I'm like, I want to end. So wait, did you buy it at point zero, zero, zero, zero, zero, eight? I don't know what the fuck I bought it. I thought

that tweet about that guy that invested five grand like in January, was it? I think. And now it's worth 5.2 billion dollars. Oh, no, it was eight grand. This person bought it three hundred and seventy days ago. And now it's, uh, it's, um, yeah, it's worth like four and a half billion dollars. Can we pull up that tweet? I'm betting that whoever bought it, I think it's either the creator of the coin or it's some poor idiot who's locked out of their wallet. Yes, I think that's the case. Oh, those are the saddest, the guys who just have like

millions sitting in a wall if they can't get into. But I think it's actually, I think this guy, like lives in blissful ignorance. This is the scenario I've developed in my head. He signed up for Binance or like, you know, Sushi Swap or one of these ones where you can buy like shit coins, right? And he like, you know, got to the point

where he could buy like a thousand dollars or a five thousand dollars worth of something. He's like, she, but you know that one sounds funny and he buys it. And then the website's like, oh, you have to verify your identity before you can buy anymore. And he the website's like, oh, you have to verify your identity before you can buy anymore. And he was like, ah, I don't wanna do that.

And so he just forgot about the account, hasn't checked it since, because he doesn't wanna go through that last step of like verifying it. And there's $5 billion sitting in there. And he has no idea. And there's enough volume to be able to liquidate all of that. I mean, you would still make a pretty big dent,

but like the other day, it traded $30 billion worth. And if he's holding $5 billion, he could liquidate all that. It wouldn't be worth $5 billion anymore. I would probably only be able to get one or two after he hits the cell button. Yeah, this wallet, this tweet here reads, this wallet bought roughly $8,000 worth of Shiba,

Shiba last August. It's now worth $5.7 billion. From $8,000 to $5iba Shiba last August. It's now worth $5.7 billion. From $8,000 to $5.7 billion in roughly 400 days, we may actually be looking at the greatest individual trade all the time. See, this is how you know for sure that we are in a bubble. And I'm not saying crypto is not the future. I think blockchain, I think everything's gonna be

on the blockchain in 10 to 15 years, right? I think we're in like the dial up, phase of Web 3, right? But this, just like the dot com bubble, this is gonna end badly. Like every month there's a new scenario where someone can become a billionaire off of hundreds of dollars. It just shouldn't happen.

Does that make sense? People like to older guys like to compare it to pets.com, pets.com was like one of the biggest bubble stocks in the 2000, you know, dot com era bubble. It's also just to all the crypto nerds out there who leave comments saying like you guys are ignorant. Yeah, I'm ignorant. I don't know enough about this stuff that doesn't mean that I hate it. I don't like this kind of crap that happens because it makes me feel bad.

I own some crypto, son, I own some, I own tasos and matik, polygun. Yeah, I love tasos. Do you know anything about tasos? No. Tasos, are you gonna get it? Tasos, tasos, not, tas, tasos, nuts in your mouth. Oh, dude. You said I was gonna get you with that.

Oh, what? I think, uh, I think, uh, what? I'm gonna do it again. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind.

I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind.

I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop in your mind. I'm gonna pop no, no, I'm not gonna do it again. But, pipe is a company that's like creating a new asset class basically by allowing companies that do monthly subscriptions to sell their, like, a year's worth of their monthly subscriptions to raise money so that they don't have to sell

their equity. What? Wait, yeah, wait, what? So, like, wait, what? Like, for us, on Patreon, for example, right? We could sell a year's worth of our monthly partnership, or monthly subscriptions. Well, I think if they go up, then that company

probably keeps the difference, right? But if we want to raise money right now without having to go to investors and give up some of our company, we basically just say, okay, well, now you get a year's worth, here's how much it costs. We take that money, we use it to grow our company, and they own that asset, basically. And so if we generate more monthly subscriptions, then they probably keep that difference or something.

Interesting. Okay. And it's called pipe. Yeah. Oh, you're like selling the right to the Patreon subscriptions. Yes, basically. Paid by the year, charge by, oh, interesting. Pipetransforms recurring revenue

into upfront capital for growth without debt or dilution. I see, yeah. Ah, interesting. Or it would be like FTX, have you seen that company? Oh, yes, it's raised like 270 million or something. God. And they came out of nowhere, do you know? And one of the founders is worth like $22 billion or something like that.

Yeah, I mean, it would have to probably be something. He also created Solana, which is Solana is one. Solana is one that started out where you could only get it on a swap, on like uniswap. And for those of you who didn't, do you know anything about that? Basically, there are cryptos where you can buy them on exchanges like Binance or Coinbase, but then there are ones that are so obscure. You can only get them by means of using these swap apps, where they exist, the crypto exists, but you have to buy Bitcoin or by Ethereum, and then log on and just tell it like,

all right, I want to exchange it for like Sheba was one where you could only do that. Yeah, crypto for crypto. Oh, yeah. Can we watch these TikToks real fast? But I wanted to watch, just real quick. There's the one that Mr. Wonderful, this is the corneous thing I've seen in a long time. Hell yeah, you know. It's Mr. Wonderful from Shark Tank.

Oh, shit. Look, you love crypto. You gotta talk about Shiba, you know, I can't believe what's going on. Up 40% just today 86% this month Mass of 27 billion market cap 11th largest in the entire crypto space come on Is that investing or is that just speculating? Oh?

He's saying he's saying Oh He's saying he's saying I'm just playing my guitar man. Hey, you see the sheba coin. It's up 40 per se He's like Joe Biden. I'm not rake. I'm not like regular investors. I'm a cool investor. I'm a cool look at his guitar He's got his own face on that guitar and what is best thing or is that speculated? I don't know It's just funny that he's clearly trying to participate in the conversation. What is the caption? What is going on?

Why is it rallying like this? Comment your thoughts. Comment your thoughts. It doesn't even have that much interaction. He's only got like 5,700 likes. Sad, that's pathetic. It puts a spit on that. Look at this comment.

This person says get a hat that fits bro. Oh, dude. User 5178, though, for God. Leave a comment and roast me. Why does he need to be in on this conversation? He's worth so much fucking money. What are you doing talking about, sheeb? If I were him, I would just be rocking that guitar and mining my own damn business

I hate when I found that rich people have a hard time minding their own Yeah, what are you gonna do with all those pennies man spend them $10 worth of spending them put in sucks about all those pennies I'm gonna wrap them up again. All right, and then there was this other poor slub this uh this British guy We want to play the first one I think I just got a message from a couple of mates and they told me that this token called Shibir Inu, it's cryptocurrency has gone up 67 million percent since. has gone up 67 million percent since. He's gonna cry. Oh wow, this is-

Since January last year. That's real? Yeah, I don't like this. Now, in January last year, I was browsing Reddit and I came across a subreddit that recommended buying these meme tokens and one of them was ship ship it in you now at the time I put two thousand dollars into it and I left it for a couple of

weeks and I lost three hundred pounds. I sold it a loss. Anyway it turns out that would now be worth one billion dollars if I hadn't sold it. Yeah but he would have never hung on to it. He would never hung on. But he asks a very poignant question, how do you live with that? This is so, this is gonna become so much more common and there are probably people out there

who we don't even know about who are locked out of their wallets, who sold, you know. Oh, that's what sucks in the heartbreak. Just so widespread. You gotta see this other video of him. Oh my God, I know there's tons of comments that are like paper hands pussy. Yeah.

Should've held paper hands. But look at this other quick tick duck. So I choose to allow my kids to read this. Oh, I've seen this. Oh, sleep with other men. No, that doesn't give you the right to call me a cuck. And this is a message for all the people out there using that hateful language.

Hateful. Why don't you try going a day in my shoes And this is a message for all the people out there using that hateful language. Hateful. Why don't you try going to day in my shoes, where you are with someone you love very much, and you want them to be able to express themselves physically, spiritually, in a way that perhaps they can't do with just you. Now personally, I would rather sleep with another woman, a love and a girlfriend very much, but I choose to buy a girl AirPods. All right. That does not make me a simp.

Is that, won't you try walking a day in my shoes? I'm walking a day in my shoes. I get horny's hell, I buy AirPods. I get the points for the credit card. I'm not losing in this transaction. I am not a cook. The worst part about that video is he said, do I sleep with our people?

No, I don't. Doesn't he? Oh yeah, no, he says that he doesn't do it because he doesn't want to or something. But that poor guy, double whammy of just embarrassing yourself online. It just doesn't end. This poor guy, anyway.

Are we gonna end it on a bummer? Yeah, it's a sad one. That guy's girlfriend, he's crying about not having a billion dollars and his girlfriend's out there getting wheelbarrowed. Bye, son. You like getting wheelbarrowed. Bye, sir. You like that wheelbarrowed? It's getting wheelbarrowed by,

I'm just sad for this man. I didn't even think of that. They're crying about how he could have had a billion dollars and meanwhile his girlfriends just getting plowed. Yeah. Well, that's the trillionaire mindset, baby. Yeah. Sometimes you lose big. Yeah, guys buy sheep Please I need to go back up please

I'm not even chilling it. I'm not even gonna be like it's the next thing. I need it to go back up because I am losing money They're please buy it 30 billion dollars out there circulating in this thing I hope that you can make a dent with that plea It'll probably it'll probably go up another 50 it wouldn't surprise me because now it's so mainstream everybody's on it so it probably gets one last surge before the rug gets pulled. Yeah, but who knows? Follow us on Spotify. Follow us on Spotify. Subscribe, subscribe, subscribe, subscribe, subscribe. Do it all. And if you're watching on YouTube, please make sure to hit the like button.

Hit that like button, smash. Thanks for Cody for coming on. Yeah, thanks Cody. Thank you, I hope this was fun for you guys. Sorry, no, I just come on and I just make penis jokes. We talked so much and I feel like we were just tugging in you. No. But I love this podcast.

I swear to God, I'm a fan. I listen to it every week. So just to listen to it in person was a lot of fun for me. So I love that. I also feel like I'm yelling in your ear, but okay. No, I love that. Seriously, thanks for having me. I appreciate it.

So long. Bye.