Oct. 5, 2025

Money Matters: Riding the Market Highs and Managing Risk

Money Matters: Riding the Market Highs and Managing Risk
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Money Matters: Riding the Market Highs and Managing Risk
Money Matters: Riding the Market Highs and Managing Risk
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In this episode of Money Matters, brought to you by Greenberg Financial Group, the full team breaks down the latest moves in the financial markets. With stocks on impressive runs, we explore why trimming back high-flyers can be a smart play and outline strategies to re-gauge your risk tolerance. We also connect the dots on how financial planning ties everything together helping determine the right portfolios for each client. From geopolitics to standout companies, join us for a focused, information-packed discussion designed to keep you informed and prepared.

If you would like to contact us to learn more about our firm, our seminars, and our process - call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com

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Good morning, everybody. This is the Money Matter Show right here,

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seven ninety K and s T. It's eight o'clock in

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the morning, and are you ready to rock and roll?

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Because I'm telling you right now you better listen up closely.

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The markets are in what I call a very scary situation.

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Why I say scary, uncomfortable it's probably a better word,

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because the money that's being made right now in those

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AI stocks very difficult to believe.

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And you want to and you're smart enough to know

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that we're.

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Supposed to take money off the table, and then they

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go up another ten percent, and then the ten percent

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and another ten percent. What I'm telling you right now,

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if you have those stocks and you don't pay it

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back coming up in the next week or so, it

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could be a problem. If you don't have big positions,

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if you haven't made like if it hasn't overtaken the

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portion of your portfolio. Okay, that's fine. I know a

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lot of people that have a lot of those stocks.

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And I'm not just talking those mega companies. Oh those

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are probably safer than some of the other ones. But

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I'm talking with these quantum computers. If you're watching anything

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on TV, these stocks have gone up two hundred percent

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more than that in the last month and a half.

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A week ago, some of these stocks that are forty

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were fifteen, some of them that were eleven or thirty eight,

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twenty eight. You know why, because everybody's putting money into

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these small cap stocks because they're going to lower interest rates.

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When they're lower interest rates, that's good for small companies.

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And what are in these funds, the quantum computing, the AI,

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all the small companies, and they are exploding way beyond

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any type of evaluation that they should have. But greed

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is setting in, But stupidity and piggishness cannot. I'm okay

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being greedy, I'm not okay being piggish, and I'm not

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okay being stupid. So I think it's getting to the

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stupid stage and way over piggish already that we need

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to pair back. I'm not saying you sell it all.

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If you got two hundred shares, sell fifty, or sell

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one hundred. If you got five hundred, sell two hundred,

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If you got one thousand, sell four hundred, three hundred,

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pair back if you're in those stocks. If you're not

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in those stocks, it doesn't matter. But you're also not

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making the money you think you're going to be making.

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The S and P five hundred, the equal weighted S

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and P five hundred is only up for the month

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point eight percent. Okay, it's trailing the S and P

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five hundred by almost double or the Nasdaq by almost

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double for the year, because it's the technology stocks that

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are moving it. Not everybody needs to be aggressive, Not

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everybody wants to be aggressive, but I'll tell you what.

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Everybody wants to know that the part is something that's

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being good. So we'll either do it in the ETF

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but if you want a bigger portfolio, you do it

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the other way. But there is risk, and I'm telling

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you sk RSK. Risk is an important, important, important thing

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to understand. And risk doesn't mean oh I can handle

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making all this money and then cry and sell at

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the bottom when it turns. Understand how to mitigate the

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risk there, and then you'll be much better off.

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The S and P is getting high? Are you kidding me?

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Almost touch sixty eight hundred, guys. Back in March we

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were at forty eight hundred. Uncomfortably bullish for the future,

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uncomfortably bullish right now until we have a place that

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we have a little bit of a pullback, and I

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don't know when that's happened. I don't even know what's

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gonna happen. I just am giving you strategies on how

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we get through this. Sitting there going I wish I

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got out. You don't get out of everything. You get

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out of some. And I'm just telling you that because

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that's what we have to do. Or you hedge your accounts,

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but you have here's the thing. You can hedge against

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the S and P five hundred. But if these these

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these stocks that have been flying come down, they're not

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coming down like the S and P five. They're gonna

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come down a lot more.

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All right.

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If something goes from fifteen to forty forty five, that's

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up thirty points, right, You're gonna see you come down

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fifteen to twenty points and there's still in an up trend.

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You have a thousand shares, you just made yourself twenty

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five grand. You get better, and then you come back

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and you're gonna give you you know, you made thirty grand,

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You're gonna give back twenty grand.

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You know. Think about that.

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So if you take off some, that gives you the

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money to buy in as it comes down lower.

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That's all I'm saying.

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So this week for the market, say were all up

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over one percent, but the big one was Rustled two thousand.

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The small company they were up almost two percent. The

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S and P was only up one point one percent.

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That was only up one point one percent. The Knives

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that was only on one point three So the money

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flowing in to the small caps is what making these

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small cap AI stocks fly. So if you understand that,

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then you understand why I'm harping on the fact that

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depending on how money you got, you got to get

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some cash into the accounts. So where do we go

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on the overall markets? I think that's gonna still out

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a little bit. We are in October. There are a

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lot of things still on the table that we got

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to worry about. Remember the Supreme Court still going and

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we have to rule on tarifs and whether or not

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we have to give back those billions and billions of

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dollars that we've collected plus more. Okay, I'm hoping that

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we don't go that route. Okay, it bothers me more

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than anything in the world when something's working, just because

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it's not your party, the other party wants to bring

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us down. I thought these people were here to work

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for us, kind of supposed to be working for us,

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whether you're a Democratic Republican, they're supposed to be working

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for us. How could they switch every single time just

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because the other party's in there, just.

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To make it hard.

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Everything that was in this thing to go ahead and

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keep the bill going, the government open, okay, was the

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same thing we voted on, the same exact thing that

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was voted on when Biden was in. But they won't

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vote on it because Trump is in. I get it.

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The Democrats want to discuss the healthcare cuts as they

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put them, and the Republicans are saying, no, we're not

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spending all that wasteful money on giving Medicare Medicaid to

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able body people.

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And to illegal immigrants.

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What you and I don't know is how many are there,

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how many of the cuts, how many people in those

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cuts when they cut it as a Democrats say, we're

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hurting all these certain tens of millions of Americans. How

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many of those tens of millions of Americans or able

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body that can work so that I would say that's

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fraudulent or legal immigrants that are going ahead and collecting

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when they shouldn't be doing it.

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And I know the other story is, well, some of.

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Them have been paying in for a long period time,

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they've got jobs, they pay taxes.

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Well, how did that happen?

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You know, to pay taxes and do that stuff, you

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need to have a social Security number. So who's social

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Security number are they using? And if they are using

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their own, how did that slip through the system and

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allowed No one's asking the common sense questions about people

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getting things that they're not supposed to get. It's illegal

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to give people that are not American citizens healthcare benefits,

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medicaid from our taxes, but somehow, some way they.

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Continue to get it.

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And right now the Republicans are saying, we're cutting that out. Okay,

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what percentage of that ten million?

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Tell us what it is. Why wasn't anybody break it down?

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Why do they just use these big general things to

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try to get their side of the party on the thing.

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But we got they should have kept the government open,

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just like they did with Biden and then have these

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discussions that they go forward. I'm not sure you want

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to spend a trillion and a half dollars on healthcare

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that we don't want to spend right now. I don't

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think you, or me, or most people in America want

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to pay for people that are not paying their taxes,

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that are fraudently taking money from us. Today's technology and

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AI and all this stuff, we can figure out pretty close,

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probably within one to two percent of margin mistake margins,

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who's actually supposed to get and who's not.

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So why don't we do that?

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Why does in Congress get together and start doing some

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things that make sense. I'm sure most of the people

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in the country cannot stand what's happening with ICE when

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they go to these blue cities, these sanctuary cities. I can't,

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other people can't. It doesn't make sense to us. Why

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are you allowing people to go ahead and try to

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hurt people that are doing their jobs just because they

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think that illegal should be able to stay where they are. Well,

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it's illegal. And there's the problem we have. We can't

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cross over to what's real and what's not real anymore.

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What should be happening, what shouldn't be happening. Because it's

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been a mess for a long period of time, and

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if people that can fix this is Congress. Congress needs

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to step up and say this is what's going to happen.

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We are going to clean out the criminals, the bad people,

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the people.

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That shouldn't be here.

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And this was created, by the way, by the open

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borders as we all know it, from Biden, and for

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some reason he couldn't close those borders for all these

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different reasons. But we know that you could have closed

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it if that's what you want. We don't even hear

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about it anymore. But now we got to clean it

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out because that's job number two. Now, job number three

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of the plan needs to be angry is working on

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a total immigration reform, a total one, a whole new one. Okay,

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who should be here? Who's not here? How the students

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come here? Who and the students come here? What do

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they need to do to stay here? I don't want

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people coming to my country and taking our benefits and

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all protection and then tearing us down. Could you imagine

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inviting somebody over to your house for dinner and all

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they do is tell you how bad the food is

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and how ugly your wife is and how bad your

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kids are while you're feeding them and protecting them. Come on,

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we don't want that in America. This is what's happened.

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You can criticize America. As an American, you might not

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like it, you might not like stuff. You want to protest.

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That is your right, but being violent is not your right.

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Hurting other people is not your right. Hating others is

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not your right. Whether you're a Republican, far right or

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a liberal or or far left, it is not your

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right to have hate speech or to be violent against

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anybody on your side or the other side.

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It just isn't What is the right, you're stating your point.

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What is not right is someone that doesn't is not

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an American to be here on our vices or whatever

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and try to hurt America. I was talking to somebody

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the other day. Their family came over from my Iraq.

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I said, why are you over here? I said, do

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you like it? Sort of Well, what do you like?

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He says, well, we feel safer. I said, expound, Well,

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you know where they were living. Obviously they didn't feel comfortable.

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They didn't feel comfortable in the streets of Iraq. So

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they've come here to America and they happen to be

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living in Tucson.

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I said, what don't you like?

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They go, well, you know, I don't like the way

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people look at us sometimes and you know, and they're

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very racist. I said, do they say racist things? They said, no,

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it's just the way they look at you. I said, okay,

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I get that, and I'm sorry that pig that you

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feel that way. But how about maybe they're not racist,

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and maybe there's just curious.

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I get it.

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When somebody's wearing a burker and stuff like that, it

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looks different, right, But it doesn't mean the racist.

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They're looking at the difference no different than.

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If I was in Iraq wearing my jeans and a

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T shirt or Tommy Bahamas shirt not fitting in. People

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will look at me and go, hmm, what's he doing here? Okay,

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doesn't mean the racist, means the curious. Now people are

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saying stuff or being violent against you. That's absolutely wrong,

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and that is racist. And I said, so you know,

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you think you're the only ones. I said, I've been

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hearing nothing but a hard time now for the last

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couple of years.

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Because I'm Jewish. He goes, you're Jewish. I go, yeah,

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I'm Jewish.

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He thought, He said, I thought you were a white

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Christian And the way he said it was like, what

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is wrong with the white Christian? But then when I

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told him I was Jewish. He goes, well, nobody really

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knows that. I said, that's my point. But once they

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know it, they are racist towards me too if they

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do not like Jewish because where we are today, and

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nobody should be racist A bounced anyone. But how you

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deal with it and how you feel about it, and

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how you go about your life with it. But if

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somebody's like that, just like with that, your protectionism goes up.

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You're a little bit more aware of your surroundings because

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you don't want someone to blindside you.

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And I get that that's wrong. We don't want to

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live that way.

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But we have to understand and be confident in who

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we are and understand why we're where we are and

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deal with it and make it better. I said, well

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you you, and I said, you and I are talking

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Iraq Jewish. Well, right, I'm not. Didn't live in the

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Middle East. I know what's going on. Obviously it didn't

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come from Israel. But I understand as a Jewish heritage

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what's going on. I said, But we didn't go down

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the road, and I didn't really want to see where

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he was going with that. Being Jewish and being Iraqi

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and being in the Middle East and what's happening. I

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just let it go. But it's interesting. It's an interesting

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state of where we are right now and what's going on.

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But Congress needs to fix it. Because if we have

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a good immigration system and it starts that way, and

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people are pretty confident that probably most of the people

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that are here illegal and most of the people here

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working hard, most of the people here respect America, guess

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what happens that racism, that feeling of that bad field

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goes away, because we become that melting pot. There's still

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going to be pride to who you are. I mean,

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think about growing up in Boston or New York. You

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had all your little divisions. You had Chinatown, you had

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the little Italy. Yeah, you had the hesthetic Jews on

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one's side. They all had their blocks. The Irish Catholics

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are somewhere in Boston. Then you had the Christians at

283
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another place. Then you had the Jewish people someplace else,

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and you had the Asians someplace else. Everyone congregates to

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their own because it's comfortable in the big cities. But

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if we all felt that we're all here to support America,

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we're all here to do the right things and make

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America the strongest nation in the world.

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Then we all pulled together no matter what you are.

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I know, I always bring this up about the locker

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room in sports, especially football. You don't care what color

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someone age, You don't care what religion they are, You

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don't even care what their sexual preferences. All you care

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is will they do the job with you and pull

295
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together with you and to do the things they're supposed

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to do to receive the outcome that you want, which

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is the win. That's what people care about. That's what

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people do. This whole country should be one big locker

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room where we all are pulling in the same direction.

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But we're all individuals and how we get there, but

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we've pumem together as a team. We become such a

302
00:16:15.320 --> 00:16:22.759
narcissistic society ever since we came out with iPhones and

303
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personal computers and everything for the individual to plug in

304
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and plug out of society. Everybody cares about themselves and

305
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very few people care about other people. That's the problem

306
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we have, and we got to resolve that for us

307
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to move forward. So I see this government shut down,

308
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Is it going to affect the markets that haven't so far?

309
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If it continues for a long time. It probably could.

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If we go ahead and we don't pay our bills,

311
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then that's a problem. But we're not going to do that.

312
00:16:55.320 --> 00:16:59.120
But it is interesting what's happening. And I am happy

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to see that Trump put a deadline at six o'clock

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on Sunday night that Hamas either agrees to the cease

315
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not the cease fire, cease fire peace agreement, and not

316
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just for now, but for their future. And I like

317
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the fact that he brings her. I ran into it too,

318
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and everybody else in the Middle East. So for everyone

319
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that thinks that he is a war mangra, when is

320
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someone going to give him credit for trying to resolve

321
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these conflicts, actually sitting down with people and resolving stuff.

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That's what's missing, and that's what was missing from the

323
00:17:38.279 --> 00:17:43.839
last administration. Whoever was running the country certainly didn't want

324
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to communicate it and didn't want it showed up in non.

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Communication everywhere else.

326
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But you could see on such a short period how

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we can fall off the cliff and get back on

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top of the mountain.

329
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Now. I know everyone doesn't agree with it.

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I know a lot of people hate Trump, and I

331
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get that, Okay, they don't like them, that's fine, but

332
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respect the fact that he's trying to make peace in

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the Middle East. Respect the fact that you thought that

334
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he was Putin's puppet and that he will not put

335
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up with this. That he is grabbing NATO to get

336
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together to show strength as one big unit. All right,

337
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That's what's been going on since he's been in the presidency,

338
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is the first time trying to get people together as

339
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a big team. Together, we are stronger, and as a world,

340
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we have to do that. There is so much stuff

341
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that has to be done together, especially with all the

342
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cyber criminal activity going on, all these scams going on.

343
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That's what happens when you increase technology. If these people

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that are so smart to be able to come up

345
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with these criminal cyber and tax and all, could you

346
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imagine that they.

347
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Put it together for good use.

348
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They really put it in the real world on how

349
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much more money they can probably make because they're brilliant

350
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to be able to.

351
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Do that stuff.

352
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But they're evil, and there is a lot of evil,

353
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and they don't think they're evil because it's become normal.

354
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It's the norm to be able to be violent. But

355
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for some reason, there's always the left that is so

356
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much more violent. And I know when I say that

357
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everyone brings up January sixth, I get it. I hate

358
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January sixth. I wish that never happened. It happened, and

359
00:19:25.480 --> 00:19:27.480
I'm not proud of it, and they should never be

360
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proud of it.

361
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Okay, but it doesn't continue to move on.

362
00:19:34.480 --> 00:19:37.359
When a very right person got killed like Charlie Kirk,

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you didn't see violence, You've saw unity. But as soon

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as the ice goes in to do their job, what

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do you see. You see violence and you see the

366
00:19:48.440 --> 00:19:51.480
same people being brought there, paid there to create this

367
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violence and do the things they're doing. Of course, there

368
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are going to be some people that get rolled up

369
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that probably shouldn't be rolled up in leaving here because

370
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they've been here a long time. But if they hear

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00:20:05.359 --> 00:20:08.680
so long, why didn't they get legalized? Why didn't they

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go through the process. That's what I ask people when

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they know, why don't you go through the process. And

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then when I meet people that have come from other

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countries all around the world and they did go through

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00:20:19.640 --> 00:20:23.920
the process and they are Americans, I ask them about

377
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how do they feel about the ones that have just

378
00:20:26.160 --> 00:20:26.519
come here?

379
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Regularly? They don't think it's fair. They don't.

380
00:20:31.279 --> 00:20:33.400
They don't think it's fair that they have to pay

381
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for them out of their own taxes when they've done

382
00:20:36.119 --> 00:20:39.319
everything they were supposed to do and gone through the hardships.

383
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So we got to get back to.

384
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Instead of the schools teaching the curriculum that this Teachers

385
00:20:47.160 --> 00:20:51.119
Association union has been wanting them to moving so far

386
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to the progressive left.

387
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At least let's get in the middle.

388
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Let's make colleges at least allow conservatives and liberals to

389
00:20:58.759 --> 00:21:02.759
have conversation on both sides. Let's cut out the hate,

390
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Let's cut out the demonstrations that actually destroy buildings and

391
00:21:07.799 --> 00:21:13.680
hurt people. Let's get back to communication of both sides

392
00:21:13.680 --> 00:21:16.480
so you really learn on what's going on.

393
00:21:16.759 --> 00:21:17.920
I remember going to college.

394
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We talked about everything, everything, both sides. And you know what,

395
00:21:23.720 --> 00:21:26.279
most people are always in the middle. Most people are

396
00:21:26.279 --> 00:21:27.799
in the middle. I remember when I went to school.

397
00:21:27.920 --> 00:21:32.920
It was a small school in the South. We had

398
00:21:32.960 --> 00:21:38.680
sixteen African Americans and six Jews. And if you don't think,

399
00:21:38.720 --> 00:21:42.799
we were the minority, and people looked at us like

400
00:21:42.799 --> 00:21:47.240
what is that is? Like, Okay, guess what you're gonna

401
00:21:47.240 --> 00:21:50.319
find out? What it is, and there was hatred trust me.

402
00:21:51.119 --> 00:21:53.519
I was called di a little different names when people

403
00:21:53.640 --> 00:21:56.000
Some people got drunk because they didn't know the difference.

404
00:21:56.240 --> 00:21:57.799
My son had to go through the same thing a

405
00:21:57.799 --> 00:22:00.000
couple of times when he was at Kentucky.

406
00:22:00.039 --> 00:22:00.319
Yess what.

407
00:22:01.079 --> 00:22:07.359
Instead of going ahead and becoming violent and physical, I communicated,

408
00:22:07.400 --> 00:22:09.119
why do you hate me? Why do you hate me

409
00:22:09.119 --> 00:22:12.079
just because I'm Jewish? Why are you saying those things?

410
00:22:12.440 --> 00:22:14.119
And then I never went away and went away for

411
00:22:14.559 --> 00:22:17.960
I don't twenty thirty years and now it's back. It's like,

412
00:22:18.279 --> 00:22:20.680
why do people hate someone for someone else? It's something

413
00:22:20.799 --> 00:22:25.160
underneath that And I can't wait to see this all stop.

414
00:22:25.480 --> 00:22:30.119
But it's going to start in schools of teaching in

415
00:22:30.160 --> 00:22:35.240
the middle, not left in the middle, not right in

416
00:22:35.279 --> 00:22:40.000
the middle, both sides. Let kids grow and understand. Now

417
00:22:40.000 --> 00:22:43.319
we know we got to change education in Arizona. I

418
00:22:43.319 --> 00:22:45.200
mean I heard we just dropped the number fifty. You

419
00:22:45.240 --> 00:22:48.559
know how many states there are fifty? How can we

420
00:22:48.599 --> 00:22:50.799
be at the bottom? How can we be pride? How

421
00:22:50.799 --> 00:22:55.640
can we allow the governor to stay in another session

422
00:22:56.279 --> 00:22:57.720
when we're number fifty in education?

423
00:22:57.799 --> 00:23:00.839
You got to put education at the top. You want

424
00:23:00.839 --> 00:23:01.759
to bring companies here.

425
00:23:01.799 --> 00:23:05.920
You want to bring labor here, you want to grow Arizona,

426
00:23:06.279 --> 00:23:10.359
you want to get a tax credit bill down. We

427
00:23:10.440 --> 00:23:15.480
need to go ahead and educate our children in the

428
00:23:15.480 --> 00:23:20.240
state of Arizona. I'm understanding that the third grade A

429
00:23:20.279 --> 00:23:23.559
reading level is so poor, so poor. I'm starting to

430
00:23:23.599 --> 00:23:26.319
investigate this a lot more to make sure that I

431
00:23:26.359 --> 00:23:27.160
got my numbers right.

432
00:23:27.240 --> 00:23:29.559
But it's unbelievable.

433
00:23:29.359 --> 00:23:32.720
How many illiterate people we have as they're trying to

434
00:23:32.720 --> 00:23:33.920
get through high school and stuff.

435
00:23:34.519 --> 00:23:35.319
It's just not right.

436
00:23:35.799 --> 00:23:37.279
These are the things we got to put a foot

437
00:23:37.319 --> 00:23:39.599
down in the state that we live in. This is

438
00:23:39.640 --> 00:23:42.799
where it really matters. We can't do stuff that much

439
00:23:42.799 --> 00:23:45.960
on a federal basis, and a thing we can do

440
00:23:46.000 --> 00:23:48.200
is support. We got to have our opinions, but we

441
00:23:48.319 --> 00:23:50.759
need to do stuff on a local and state basis,

442
00:23:50.880 --> 00:23:53.279
and we've got to get better. When we get all

443
00:23:53.279 --> 00:23:56.079
this together, Imagine where the markets are now. If we

444
00:23:56.119 --> 00:23:58.359
can do this and this economy grows and does the

445
00:23:58.400 --> 00:23:59.160
things that needs.

446
00:23:59.000 --> 00:24:01.720
To do that twists are actually working.

447
00:24:02.880 --> 00:24:09.279
Wow, your retirement plans are just gonna blow through the sky. Okay,

448
00:24:09.400 --> 00:24:11.599
so let's let's hop that happen. And you know it's funny.

449
00:24:11.640 --> 00:24:14.000
Nobody talks about that now, but boy did they talk

450
00:24:14.039 --> 00:24:16.240
about it when the markets went down at the beginning,

451
00:24:16.240 --> 00:24:17.359
when he started this terror thing.

452
00:24:17.400 --> 00:24:19.319
We'll be back. We got a lot more to talk about.

453
00:24:19.839 --> 00:24:22.720
I'm so happy you guys listen to The Money Matters

454
00:24:22.799 --> 00:24:23.559
with Dean Greenberg.

455
00:24:24.279 --> 00:24:26.559
Good morning, and welcome back to the Money Matters Show.

456
00:24:26.559 --> 00:24:29.799
We appreciate Dean dropping off and giving us his monologue.

457
00:24:29.839 --> 00:24:32.240
We all love that and a lot of common sense.

458
00:24:32.440 --> 00:24:35.079
It's the I've always I called him the Tucson Trump,

459
00:24:35.160 --> 00:24:38.039
except he's I think he's smarter than Trump, and he's

460
00:24:38.039 --> 00:24:40.839
got a bigger heart than Trump, and he's better spoken

461
00:24:40.880 --> 00:24:42.839
than Trump despite the New York accent. Right.

462
00:24:43.200 --> 00:24:46.359
Yeah, and uh, what he was largely talking about, you know,

463
00:24:46.359 --> 00:24:49.079
in the first part of his monologue was how stretched

464
00:24:49.119 --> 00:24:52.200
this market has become, so stretched, so many parts of

465
00:24:52.240 --> 00:24:55.359
different industries have just taken off one hundred, two hundred,

466
00:24:55.400 --> 00:24:59.200
three hundred percent. Games gains seem to be normal around

467
00:24:59.319 --> 00:25:03.200
each and every week. Whether it's nuclear, whether it's quantic computing,

468
00:25:03.440 --> 00:25:08.640
whether it's AI data centers, rare earth materials, name your industry,

469
00:25:08.839 --> 00:25:10.559
every single one of those seem to have a name

470
00:25:10.599 --> 00:25:13.039
in there that has double triples, quadruples.

471
00:25:13.240 --> 00:25:16.400
Hearkens back to the irrational exuberance from green Span back

472
00:25:16.440 --> 00:25:19.559
in ninety six and Paul of course a week ago

473
00:25:19.640 --> 00:25:22.000
saying that the market was stretched and we know that.

474
00:25:22.519 --> 00:25:26.079
And when green Span has gave his irrational exuberance speech

475
00:25:26.079 --> 00:25:29.039
in ninety six, that was right before the market just

476
00:25:29.200 --> 00:25:34.559
exploded upwards. So don't fight the tape. That's something that

477
00:25:34.599 --> 00:25:37.720
I've learned from many decades in this business. Just don't

478
00:25:37.720 --> 00:25:40.759
fight the tape. The market wants to go higher. Will

479
00:25:40.799 --> 00:25:43.359
there be pullbacks along the way, Yes, there has to

480
00:25:43.400 --> 00:25:45.559
be pullbacks along the way or you end up with

481
00:25:45.599 --> 00:25:48.039
a crash. I mean, if it just gets too much.

482
00:25:48.359 --> 00:25:50.480
And right now we're out fourteen percent on the ear,

483
00:25:50.559 --> 00:25:54.400
that's not extraordinary. It feels extraordinary, Todd, because we came

484
00:25:54.440 --> 00:25:57.759
off that April bowl. You know, we're thirty nine percent

485
00:25:57.880 --> 00:26:01.000
higherly we're in April. But you could argue, if we

486
00:26:01.119 --> 00:26:03.839
knew now, excuse me, if we knew then what we

487
00:26:03.880 --> 00:26:07.640
know now, April would have never happened. Yeah, you wouldn't

488
00:26:07.680 --> 00:26:09.680
have had that big sell off in April. What you

489
00:26:09.720 --> 00:26:13.240
had is something that we did not dealt with before.

490
00:26:13.480 --> 00:26:16.640
And when investors are presented with something they haven't dealt

491
00:26:16.640 --> 00:26:20.160
with before, hitting the cell button is often the answer. Yeah.

492
00:26:20.200 --> 00:26:22.480
And the only reason that we had a moment in

493
00:26:22.559 --> 00:26:26.319
this earlier part of the decade of slow economic growth

494
00:26:26.319 --> 00:26:28.720
in terms of stock market was because we had a

495
00:26:28.799 --> 00:26:32.000
rising interest rate regime. And that's something we hadn't seen

496
00:26:32.200 --> 00:26:35.160
in almost forty years, and there's been times where they'd

497
00:26:35.319 --> 00:26:37.880
risen interest rates, but it wasn't for any prolonged period

498
00:26:38.400 --> 00:26:40.960
like we saw in twenty twenty two. That really was

499
00:26:41.039 --> 00:26:44.599
a response to the inflation we saw, which slowed economic

500
00:26:44.640 --> 00:26:47.880
activity down by itself, but then higher interest rates also

501
00:26:47.960 --> 00:26:50.839
slowed economic activity down. So pretty much the low that

502
00:26:50.880 --> 00:26:53.720
we saw in that October twenty two range and ever

503
00:26:53.759 --> 00:26:55.680
since then, if you pull up a chart of the

504
00:26:55.759 --> 00:26:58.440
S and P it's really just bottom left to top right.

505
00:26:58.720 --> 00:27:01.880
And i'd largely do to be more liquidity in the system.

506
00:27:01.960 --> 00:27:05.359
Right as the Fed lowers rates, as there's expectations of

507
00:27:05.440 --> 00:27:08.319
lower interest rates, there's going to be more liquidity in there.

508
00:27:08.599 --> 00:27:11.640
But also what's happened a lot is the dollar. Right

509
00:27:11.839 --> 00:27:15.240
the dollar has come down quite significantly from where it

510
00:27:15.400 --> 00:27:17.759
was as a very high level. So when you have

511
00:27:17.839 --> 00:27:20.319
high interest rates, the currency of the dollar is going

512
00:27:20.359 --> 00:27:23.039
to be relatively high in value compared to where it's

513
00:27:23.079 --> 00:27:26.079
going to be now. So lower dollar helps everyone in

514
00:27:26.160 --> 00:27:29.200
terms of asset picture because the liquidity in the system

515
00:27:29.200 --> 00:27:33.160
can increase, and that means all asset prices can increase.

516
00:27:33.519 --> 00:27:35.359
Right if you have a lower dollar, then are goods

517
00:27:35.440 --> 00:27:37.960
or cheaper overseas, and so it's extremely good for a

518
00:27:38.079 --> 00:27:41.759
multinational company. The three ms in the Johnson and Johnson's

519
00:27:41.759 --> 00:27:44.359
of the world. Johnson Johnson hit a new all time

520
00:27:44.440 --> 00:27:48.000
high on Friday. Is Quaer quietly hitting a new all

521
00:27:48.039 --> 00:27:51.400
time speaking of quietly the world's most valuable company, and

522
00:27:51.559 --> 00:27:55.400
Vidia became more valuable last week. Is it also quietly

523
00:27:55.880 --> 00:27:57.799
hit a new all time high. I think it one

524
00:27:57.839 --> 00:28:01.119
of for six consecutive days. And then on Friday there

525
00:28:01.160 --> 00:28:03.680
was a little bit of selling because of the some

526
00:28:03.720 --> 00:28:07.640
concern about Trump and China and delaying the shipment of

527
00:28:07.680 --> 00:28:10.960
ships to China. But I kind of remind people the

528
00:28:11.480 --> 00:28:16.599
quarterly report from Nvidia last quarter had zero for Chinese sales,

529
00:28:17.799 --> 00:28:20.680
and it was a really good, solid report with good guidance,

530
00:28:20.720 --> 00:28:21.960
and it had zero.

531
00:28:22.160 --> 00:28:24.880
And it's now at forty percent for the year. And

532
00:28:24.920 --> 00:28:30.200
that's after I think A three twenty four. I mean,

533
00:28:30.240 --> 00:28:33.640
it's it's been quite spectacular run. Now over four point

534
00:28:33.640 --> 00:28:37.359
five trillion dollars, largest company that this earth has ever seen,

535
00:28:37.880 --> 00:28:40.440
and now we have an other company's coming right behind it.

536
00:28:40.480 --> 00:28:43.200
There's been a couple other Max seven's that we've been

537
00:28:43.200 --> 00:28:46.720
talking about. Tesla got really close to its all time high,

538
00:28:47.319 --> 00:28:49.920
then it bounced off of it in the in this week.

539
00:28:50.000 --> 00:28:52.279
I mean, I think it was around Tuesday Wednesday when

540
00:28:52.319 --> 00:28:53.319
it got close to it got.

541
00:28:53.319 --> 00:28:55.400
Very close to its all time high, and then sold

542
00:28:55.400 --> 00:28:59.200
off hard Thursday and Friday. Yes, remember the seventy five

543
00:28:59.279 --> 00:29:03.480
hundred dollars CACK credit is now gone and it will

544
00:29:03.599 --> 00:29:07.480
impact EV sales now. They reported third quarter sales. All

545
00:29:07.480 --> 00:29:11.000
of the electric vehicle companies reported third quarter sales were

546
00:29:11.039 --> 00:29:13.519
just off the sharks. Well, of course they were. That's

547
00:29:13.559 --> 00:29:16.160
the end of the seventy five hundred dollars tax credits

548
00:29:16.160 --> 00:29:19.400
of tever thirtieth, So of course the third quarter sales

549
00:29:19.400 --> 00:29:26.039
were strong. The CEO of Ford believes that EV sales

550
00:29:26.079 --> 00:29:29.400
will decline by fifty percent. It's going to be interesting

551
00:29:29.440 --> 00:29:32.319
to watch by fifty percent again, Todd, you mentioned Tesla

552
00:29:32.440 --> 00:29:34.880
was pushing towards its all time high. And then I

553
00:29:34.880 --> 00:29:36.920
guess somebody must have woken up late in the week

554
00:29:36.960 --> 00:29:40.279
away think if the tax credits have expired. Their robots

555
00:29:40.279 --> 00:29:43.440
are not exactly rolling out of the factory yet it's

556
00:29:43.480 --> 00:29:47.559
two hundred times earnings. Maybe we ought to take a

557
00:29:47.599 --> 00:29:48.519
deep breath here.

558
00:29:48.480 --> 00:29:51.200
Another company getting close to its all time high as Apple.

559
00:29:52.039 --> 00:29:52.920
Unbelievable. Yeah.

560
00:29:52.920 --> 00:29:55.519
And finally, I mean year to date still only I

561
00:29:55.519 --> 00:29:56.559
think about five percent.

562
00:29:56.640 --> 00:29:58.000
Yeah, it's not as much at all. It's one of

563
00:29:58.000 --> 00:29:59.960
the worst performing dovestocks.

564
00:30:00.279 --> 00:30:03.319
And I think probably the worst MAG seven now the

565
00:30:03.359 --> 00:30:06.599
Tesla has come back so ferociously Amazon.

566
00:30:07.119 --> 00:30:09.640
Amazon is the worst perform in MAG seven. Wow.

567
00:30:09.799 --> 00:30:12.079
Yeah, Yeah, came down this week.

568
00:30:12.079 --> 00:30:14.039
That's another one, like flat on the year.

569
00:30:14.200 --> 00:30:15.759
Yeah, sold off pretty hard this week.

570
00:30:16.400 --> 00:30:19.359
Yeah, it's really really interesting. I think we talked about

571
00:30:19.359 --> 00:30:21.640
that last week. Is Amazon being the last one?

572
00:30:21.759 --> 00:30:21.920
You know.

573
00:30:21.960 --> 00:30:24.559
The government shutdown didn't seem to have much of an impact.

574
00:30:25.119 --> 00:30:28.039
One of the good things is that no government reports,

575
00:30:28.079 --> 00:30:31.839
which are typically market moving. The employment report due on

576
00:30:31.880 --> 00:30:34.200
Friday was probably not going to be a great one.

577
00:30:34.359 --> 00:30:36.279
We guessed last week if we had we're gonna have

578
00:30:36.279 --> 00:30:37.400
a government shutdown or not.

579
00:30:37.680 --> 00:30:40.240
Do you remember I tell me about it.

580
00:30:40.559 --> 00:30:43.000
Yeah, you got to listen back. You said we weren't

581
00:30:43.000 --> 00:30:44.160
gonna have a government shutdown.

582
00:30:44.400 --> 00:30:46.680
I said we weren't going to Yeah, well we've only

583
00:30:46.720 --> 00:30:48.880
done it ten times in fifty years, so the odds

584
00:30:48.880 --> 00:30:51.519
were with me. I always like to play the odds, right, So.

585
00:30:51.720 --> 00:30:54.640
Yeah, But these Democrats, though, they were so stubborn. It's

586
00:30:54.720 --> 00:30:56.720
kind of I'll tell.

587
00:30:56.559 --> 00:30:58.440
You one thing I do, one thing I would not

588
00:30:58.519 --> 00:31:00.640
want to do. Todd, maybe you do it. I would

589
00:31:00.680 --> 00:31:04.240
not want to play chicken with Trump. I don't know.

590
00:31:04.279 --> 00:31:06.960
The man likes to relish, has been playing chicken with people.

591
00:31:07.160 --> 00:31:09.440
He's been doing it his whole life, and he's pretty

592
00:31:09.519 --> 00:31:11.880
darn good at it. And I don't want to play

593
00:31:11.920 --> 00:31:12.640
chicken with Trump.

594
00:31:12.839 --> 00:31:15.000
In terms of the market, it usually doesn't have a

595
00:31:15.039 --> 00:31:18.599
huge effect on stocks, though historically speaking that stocks end

596
00:31:18.720 --> 00:31:19.200
up going up.

597
00:31:19.559 --> 00:31:19.640
No.

598
00:31:19.759 --> 00:31:22.519
I mean Trump is working with world leaders and working

599
00:31:22.559 --> 00:31:25.440
on budget issues and trying to run the country, and

600
00:31:25.480 --> 00:31:30.160
the Democrats are running around complaining abroad. Tom Burrows, it's

601
00:31:30.200 --> 00:31:33.319
the craziest thing. It's like, there's no It's the most

602
00:31:33.400 --> 00:31:36.519
unpopular political party in the history of political parties, and

603
00:31:37.119 --> 00:31:38.279
it just keeps getting worse.

604
00:31:38.480 --> 00:31:40.759
But the more government shutdown we have, the more likelihood

605
00:31:40.759 --> 00:31:43.400
we're going to have another rate cut, And pretty much

606
00:31:43.400 --> 00:31:46.839
everywhere I read that helps the raate cut scenario even more.

607
00:31:48.319 --> 00:31:51.359
More spending needing, then they're not going to spend less

608
00:31:51.400 --> 00:31:52.640
because of this government shut down.

609
00:31:52.799 --> 00:31:56.160
The average government shutdown of those ten government shutdowns over

610
00:31:56.160 --> 00:31:58.839
the last fifty years, the average has been in four days.

611
00:31:59.640 --> 00:32:03.160
That's been the average now there, and it's only skewed

612
00:32:03.200 --> 00:32:05.720
because there was one time when it was I think

613
00:32:05.839 --> 00:32:12.039
thirty five days. Interestingly, Trump was president when eighteen twenty eighteen,

614
00:32:12.480 --> 00:32:15.400
twenty eighteen, it was thirty five days something like that. Yeah,

615
00:32:16.480 --> 00:32:19.000
most of them are one or two days. That thirty

616
00:32:19.039 --> 00:32:24.079
five days really skewed the average. Yeah, but it full disclosure,

617
00:32:24.160 --> 00:32:25.640
Trump was president, right.

618
00:32:26.480 --> 00:32:28.599
That's gonna be interesting. But again, I think the biggest

619
00:32:28.640 --> 00:32:31.000
thing for the market is just not having labor market

620
00:32:31.079 --> 00:32:34.279
data this week, maybe not having some of that economic data.

621
00:32:34.440 --> 00:32:36.240
A lot of that can be seen through some of

622
00:32:36.240 --> 00:32:39.200
the corporate reports, so that's where it's where it's going

623
00:32:39.240 --> 00:32:41.519
to have to come from for now. And then just

624
00:32:41.559 --> 00:32:44.400
some economic modeling from different firms as they release their

625
00:32:44.720 --> 00:32:47.599
you know, Goldman Sachs, they have their own sentiment indexes

626
00:32:47.599 --> 00:32:49.920
and different things like that. So that's what the market

627
00:32:49.920 --> 00:32:52.799
will rely on. So it's not completely in the dark,

628
00:32:52.880 --> 00:32:55.000
but it doesn't love not having the data it's used to.

629
00:32:55.920 --> 00:32:57.759
No, we like to be fed data. We like to

630
00:32:57.799 --> 00:33:00.240
react to data. And the government jobs are for it

631
00:33:00.400 --> 00:33:03.599
is let's say that, let's do that next segment.

632
00:33:03.359 --> 00:33:05.839
Yeah, real quick, discimer, I'm going to do discomer, real quick.

633
00:33:05.920 --> 00:33:07.759
The show is sponsored by Greenberg Financial Group and you

634
00:33:07.759 --> 00:33:09.599
can listen on seven to ninety canis cee r iHeart

635
00:33:09.680 --> 00:33:13.079
radio show discusses different investment products and strategies. Every product

636
00:33:13.119 --> 00:33:15.119
and strategy has some type of an inherent risk, and

637
00:33:15.160 --> 00:33:17.880
we strongly encourage our listeners to properly understand the risk

638
00:33:17.960 --> 00:33:20.599
to determine whether to buy, sell, or hold. The show

639
00:33:20.599 --> 00:33:21.960
has been on there for over thirty years and the

640
00:33:21.960 --> 00:33:24.640
Greenbrig Financial Group is registered with the SEC. Visit our

641
00:33:24.680 --> 00:33:27.599
website at Greenberg financial dot com for some more information.

642
00:33:27.960 --> 00:33:29.759
You could always give us a call. Five two zero

643
00:33:29.839 --> 00:33:31.759
five four four four nine zero nine.

644
00:33:32.119 --> 00:33:36.559
Economy continues to show signs of slowing IM services. It's

645
00:33:36.599 --> 00:33:39.640
an important number because it makes up seventy percent of

646
00:33:39.720 --> 00:33:45.240
GDP went to fifty from fifty two now fifty is

647
00:33:45.240 --> 00:33:49.680
is equilibrium between contraction and expansion. So it's just come

648
00:33:49.720 --> 00:33:53.200
all the way down to neutral now and looks like

649
00:33:53.279 --> 00:33:56.880
it's going to maybe slide into contraction. That doesn't mean recession,

650
00:33:56.960 --> 00:34:02.039
means contraction. And yet I see a Caterpillar hit a

651
00:34:02.039 --> 00:34:03.559
new all time high to day. Well, you if we

652
00:34:03.599 --> 00:34:06.759
can need economy, Caterpillar is not going to do great

653
00:34:07.160 --> 00:34:09.159
and need it hit an all time high today. On

654
00:34:09.239 --> 00:34:12.079
the other side of that, coin oil dropped four fifty

655
00:34:12.119 --> 00:34:16.519
this week down to sixty buck oil. If the economy

656
00:34:16.599 --> 00:34:19.280
is going to be strong, oil demand will be strong

657
00:34:19.400 --> 00:34:23.480
and prices will ride. So that's, you know, such mixed signals.

658
00:34:23.639 --> 00:34:27.039
Contrary, the only thing definitely about oil is so interesting,

659
00:34:27.039 --> 00:34:28.800
like you said, the mixed signals, is it, because there's

660
00:34:28.800 --> 00:34:32.480
just so much more supply. You don't see reports about

661
00:34:32.480 --> 00:34:34.400
that or anything, and not necessarily that we would keep

662
00:34:34.480 --> 00:34:38.360
up on that anyways, But as technology improves, maybe it's

663
00:34:38.400 --> 00:34:41.199
just cheaper and cheaper for them to get the oil

664
00:34:41.239 --> 00:34:43.239
out of the ground. That's something we would have to

665
00:34:43.280 --> 00:34:45.679
look up. But it seems maybe that's the only thing

666
00:34:45.719 --> 00:34:48.760
that could just keep oil down so low, because how

667
00:34:48.800 --> 00:34:51.679
can you have all this economic activity elsewhere and not

668
00:34:51.800 --> 00:34:53.840
have like you said, oil somewhat increase.

669
00:34:54.000 --> 00:34:59.199
Yeah, it's yeah, somebody's wrong, either the oil market's wrong

670
00:34:59.480 --> 00:35:00.840
or the market wrong.

671
00:35:01.320 --> 00:35:04.199
Somebody's wrong, or there's just a new imbalance in the

672
00:35:04.199 --> 00:35:06.360
supply and demand. Right, it could be.

673
00:35:06.559 --> 00:35:09.639
But I mean, could that be rooted from more evs

674
00:35:09.679 --> 00:35:10.519
on the road.

675
00:35:11.119 --> 00:35:13.039
Well, there's not less demand of oil. I don't think

676
00:35:13.079 --> 00:35:14.920
that it'd be. The only thing that could change is

677
00:35:14.920 --> 00:35:17.679
the supply. I think, if anything, the demand has increased

678
00:35:17.880 --> 00:35:18.599
for energy.

679
00:35:18.679 --> 00:35:21.760
I agree, So no attention to increase, just over time

680
00:35:21.840 --> 00:35:24.079
as a number of people. And even if you have

681
00:35:24.440 --> 00:35:28.280
more vehicles that are evs, there are more vehicles overall. Yes,

682
00:35:28.360 --> 00:35:29.480
you're still more evs.

683
00:35:29.800 --> 00:35:32.000
He definitely could be like supply right, maybe they're just

684
00:35:32.119 --> 00:35:35.320
more people have oil now that's selling it. That would

685
00:35:35.800 --> 00:35:38.320
Russia can get their oil out there, right.

686
00:35:38.159 --> 00:35:40.920
And gasoline is not the only thing that we use

687
00:35:40.960 --> 00:35:43.199
oil for. So we'll be back with the rest of

688
00:35:43.239 --> 00:35:45.639
the show right after this message. Thanks for joining this.

689
00:35:46.159 --> 00:35:48.000
Welcome back to the Money Matter Show. My name is

690
00:35:48.039 --> 00:35:51.000
Todd Glick. I'm here with David Shirtwood, Sebastian Borsini, and

691
00:35:51.079 --> 00:35:54.159
Dylan Greenberg. It was another high flying week. The one

692
00:35:54.199 --> 00:35:57.039
of the interesting sectors this week was the quantum stocks.

693
00:35:57.079 --> 00:36:02.199
They again took off quite significantly. Some of the tickers RGTI, Righetti,

694
00:36:02.800 --> 00:36:09.320
qubt qbts ion Q, island Q that these stocks have

695
00:36:09.440 --> 00:36:12.920
had incredible runs and they continued that run this week.

696
00:36:12.960 --> 00:36:14.880
I mean almost every single one of those was up

697
00:36:14.920 --> 00:36:18.320
at least twenty percent on the week. Quantum seems to

698
00:36:18.400 --> 00:36:21.639
really be years away, but there's a lot of hype

699
00:36:22.039 --> 00:36:24.239
in these stocks. And then really, I mean, if you

700
00:36:24.239 --> 00:36:27.679
look at IBM, IBM returned this month. If you look

701
00:36:27.679 --> 00:36:30.119
at the doll stocks as one of the highest performers,

702
00:36:30.400 --> 00:36:33.159
it's now back up to the best performers of the Dow.

703
00:36:33.679 --> 00:36:37.920
And again because IBM has a very strong quantic computing division.

704
00:36:38.159 --> 00:36:40.840
They had a report last week that said that I

705
00:36:40.840 --> 00:36:44.199
think it was HSBC used them for bond trading and

706
00:36:44.199 --> 00:36:47.440
then improved their bond profits by over forty three percent.

707
00:36:47.519 --> 00:36:51.320
Oh wow, So quantic computing having a practical source of

708
00:36:51.400 --> 00:36:55.199
application this early in the game would really change what

709
00:36:55.320 --> 00:36:58.639
potential valuation you would put on these companies. Well, IBM

710
00:36:58.760 --> 00:37:00.920
is really the one that you've seen ext have practical use,

711
00:37:01.000 --> 00:37:03.000
though none of these other companies I know anything about

712
00:37:03.039 --> 00:37:06.679
have issued any type of product similar to IBM. But

713
00:37:07.159 --> 00:37:09.320
what I know is IBM and Google definitely seem like

714
00:37:09.400 --> 00:37:12.719
they have the highest quantic computing at this time.

715
00:37:12.840 --> 00:37:15.119
And to your points from the last segments, you know,

716
00:37:15.159 --> 00:37:17.960
with the government shutdown, that's increases the likelihood of a

717
00:37:18.079 --> 00:37:20.320
rate cuts. Obviously all these small caps are going to

718
00:37:20.360 --> 00:37:21.599
get the bid. And that's what we saw in the

719
00:37:21.599 --> 00:37:25.000
indexes this week. I WM Russell two thousands, one point

720
00:37:25.119 --> 00:37:27.679
percent was the top performer this week. You start to

721
00:37:27.679 --> 00:37:31.519
see all this money flooding into these small cap companies

722
00:37:31.519 --> 00:37:34.519
that haven't actually proved themselves yet because the cost of

723
00:37:34.559 --> 00:37:35.840
borrow is going to be cheaper for them.

724
00:37:36.039 --> 00:37:39.039
And you do a report every month about the Dow stocks.

725
00:37:39.280 --> 00:37:42.159
Sebastian and we don't follow the Dow as an index,

726
00:37:42.360 --> 00:37:45.119
but it's interesting to look at the thirty Dow stocks.

727
00:37:45.159 --> 00:37:47.800
Absolutely and we noticed it. Like Todd said, IBM was

728
00:37:47.840 --> 00:37:51.880
the number one performer. Number two was Caterpillar, Number three

729
00:37:52.199 --> 00:37:56.039
United Healthcare the worst performing stock in the Dow. United

730
00:37:56.079 --> 00:38:01.039
Healthcare with up eleven point four percent in September and

731
00:38:01.119 --> 00:38:04.239
had a real strong Friday. I thought it was up

732
00:38:04.559 --> 00:38:08.800
another six percent on Friday, Caterpillar, all the number two

733
00:38:08.800 --> 00:38:11.519
performers also a strong Friday, up about ten points. The

734
00:38:11.599 --> 00:38:15.519
number one performing dowstock Goldman Sachs. Not surprising. They are

735
00:38:15.639 --> 00:38:18.280
really really busy with all of these IPOs being brought

736
00:38:18.280 --> 00:38:20.599
to market and they're making money handle or fists. And

737
00:38:20.679 --> 00:38:24.199
of course Nvidia, who everybody loves, is number two. At

738
00:38:24.199 --> 00:38:26.159
the bottom of the list still United Healthcare, but it

739
00:38:26.159 --> 00:38:29.880
looks like it's going to pass Salesforce dot Com and

740
00:38:30.039 --> 00:38:31.559
move out of that bottom spot.

741
00:38:31.760 --> 00:38:34.360
Yeah, I'm waiting for Salesforce to probably move out of

742
00:38:34.360 --> 00:38:38.599
there at some point. Nike on you know, they're part

743
00:38:38.639 --> 00:38:40.639
of the Dow. They reported pretty good earnings. It's been

744
00:38:40.639 --> 00:38:43.199
a tough year for them. They'red down on the year

745
00:38:43.239 --> 00:38:45.639
about eight percent. They did report, Like I said, they

746
00:38:45.639 --> 00:38:47.639
did report better earnings this week, and I think they

747
00:38:47.719 --> 00:38:48.960
rose about three to four percent.

748
00:38:49.440 --> 00:38:51.480
A story I want to tell on both sides of

749
00:38:51.599 --> 00:38:54.519
the hour. So let me let me talk about We

750
00:38:54.960 --> 00:38:57.920
all think about AI. We talk about AI a lot,

751
00:38:58.039 --> 00:39:02.519
we worry about AI. Some were concerned about AI. We're

752
00:39:02.559 --> 00:39:05.440
excited about AI. All of the things that will do.

753
00:39:05.480 --> 00:39:08.039
It's kind of like the internet. The Internet was the

754
00:39:08.079 --> 00:39:10.960
worst thing and the best thing that happened right in

755
00:39:12.280 --> 00:39:15.559
the twentieth century, the worst and the best. So now

756
00:39:15.559 --> 00:39:18.840
in the twenty first century, maybe it's going to be AI.

757
00:39:19.719 --> 00:39:23.320
Had a real life story about AI. And we've been

758
00:39:23.360 --> 00:39:27.360
saying all along that we thought the biggest beneficiary of

759
00:39:27.440 --> 00:39:30.599
AI was going to be medical. And we have a

760
00:39:30.639 --> 00:39:34.960
client who had a son, who has a son who

761
00:39:35.000 --> 00:39:38.199
had a horrific car accident thirty three years ago that

762
00:39:38.320 --> 00:39:42.880
left him a quadriplegic. He's currently in TMC intensive care,

763
00:39:43.119 --> 00:39:46.719
literally fighting for his life with problems that are associated

764
00:39:46.760 --> 00:39:50.559
with being a quadriplegic. For thirty three years, our client

765
00:39:50.800 --> 00:39:56.320
used chat GPT every single day to moderate monitor vital signs.

766
00:39:56.480 --> 00:39:59.440
He could come in. He typed his son's vital signs

767
00:39:59.480 --> 00:40:02.679
into chat GPT and it would tell him how his

768
00:40:02.760 --> 00:40:07.599
son was doing. Any new medication that was presented for

769
00:40:07.719 --> 00:40:11.880
his son, chat GPT would tell him yes, no, the

770
00:40:11.960 --> 00:40:17.519
dosage is high loo whatever. Most important thing he had

771
00:40:17.559 --> 00:40:21.119
a ball obstruction, and a ball obstruction is a very

772
00:40:21.199 --> 00:40:24.039
very serious thing because if you can't vacate, that's the

773
00:40:24.119 --> 00:40:27.960
term doctor. If you can't vacate, you're essentially going to

774
00:40:28.039 --> 00:40:31.199
pop an organ and then the waste will be inside

775
00:40:31.280 --> 00:40:34.119
your body cavity and you're dead. I mean, it's not

776
00:40:34.159 --> 00:40:37.320
a good thing. So the hospital tried plan A, and

777
00:40:37.360 --> 00:40:40.320
I honestly don't know what plan A was, but their

778
00:40:40.440 --> 00:40:45.000
plan B was a colostomy. And eclostomy is where you

779
00:40:45.119 --> 00:40:46.880
end up wearing a bag for the rest of your

780
00:40:46.880 --> 00:40:50.159
life and your ball goes into the bag and you

781
00:40:50.199 --> 00:40:53.079
empty the bag periodically, but you're lugging the bag around

782
00:40:53.119 --> 00:40:54.719
for the rest of your life. So that was plan B.

783
00:40:55.440 --> 00:40:59.320
He went to chat GPT and asked chat GPT about

784
00:40:59.320 --> 00:41:02.480
this and chat g says, no, no, the colostomy is

785
00:41:02.880 --> 00:41:06.920
plan C. Plan B is this. He went to the

786
00:41:06.920 --> 00:41:09.880
hospital staff and in all fairness, you don't deal with

787
00:41:09.920 --> 00:41:14.440
a lot of quadriplegics, even in a hospital, not especially

788
00:41:14.880 --> 00:41:17.119
people that have been at quadripleg for thirty three years.

789
00:41:17.760 --> 00:41:20.599
So he goes to chat GPT Patrick said, here's no,

790
00:41:20.679 --> 00:41:22.679
this Plan B is what you should be doing. He

791
00:41:22.719 --> 00:41:24.960
goes to the hospital staff said this is what you

792
00:41:25.000 --> 00:41:28.199
should be doing instead of the colostomy. They did that

793
00:41:28.639 --> 00:41:29.239
and it worked.

794
00:41:29.480 --> 00:41:29.719
Wow.

795
00:41:30.159 --> 00:41:32.199
And I said to him, I said, so you're telling

796
00:41:32.239 --> 00:41:38.039
me that you believe that chat GPT saved your son's life.

797
00:41:38.079 --> 00:41:40.199
He goes, absolutely, there's no question about it.

798
00:41:42.239 --> 00:41:43.000
That's amazing story.

799
00:41:43.000 --> 00:41:44.320
I realize AI story.

800
00:41:44.079 --> 00:41:47.480
And totally not you know, it's it doesn't compare.

801
00:41:47.559 --> 00:41:49.480
But I do remember about a couple of months ago

802
00:41:49.559 --> 00:41:51.360
going to the doctor and getting a blood test and

803
00:41:51.679 --> 00:41:54.039
kind of just waiting for my results back for my doctor.

804
00:41:54.639 --> 00:41:56.960
I'm not too worried about my health. I'm pretty young, right.

805
00:41:57.840 --> 00:42:00.320
I just ended up putting my blood results into chat

806
00:42:00.440 --> 00:42:02.079
and I said, tell me what I need to know,

807
00:42:02.280 --> 00:42:05.039
and it gave me a much of information I was

808
00:42:05.079 --> 00:42:07.639
healthy and told me what I should be increasing vitamin

809
00:42:07.679 --> 00:42:12.760
wise vice versa pretty remarkable tool, phenomenal.

810
00:42:13.880 --> 00:42:17.519
I was surprised to learn this week that Reddit stock

811
00:42:17.559 --> 00:42:20.840
because and Sebastian you pointed out at where we were

812
00:42:20.880 --> 00:42:23.880
talking about this, about two weeks ago Reddit hit a

813
00:42:23.920 --> 00:42:26.840
new all time high, and you pointed out that their

814
00:42:26.960 --> 00:42:30.400
user active daily users have been declining for quite a

815
00:42:30.400 --> 00:42:32.880
period of time, right right, and yet two weeks ago

816
00:42:32.880 --> 00:42:35.920
they hit an all time high. This past week we

817
00:42:36.039 --> 00:42:41.199
learned that chat GPT is no longer using redbit Reddit sorry,

818
00:42:41.239 --> 00:42:44.719
Reddit as a source of information, which made me think, really,

819
00:42:44.800 --> 00:42:49.519
you've been using chat Chat GPT has actually been using Reddit, obviously,

820
00:42:49.519 --> 00:42:54.599
amongst dozens of other websites. But Reddit is essentially random

821
00:42:54.679 --> 00:42:58.639
people's opinion. I don't know that that's truly a trusted source.

822
00:42:58.639 --> 00:42:59.880
I wonder if they should stop wikild.

823
00:43:01.039 --> 00:43:02.360
I don't know. I don't know.

824
00:43:02.800 --> 00:43:04.960
So there's a lot of things like with Reddit, though,

825
00:43:05.079 --> 00:43:10.320
you can sometimes get information that is not necessarily the

826
00:43:10.360 --> 00:43:13.599
public opinion of something, but an alternate opinion.

827
00:43:13.719 --> 00:43:14.719
No, I get it, I get it.

828
00:43:14.760 --> 00:43:17.239
Yeah, And I think you definitely it's probably better to

829
00:43:17.280 --> 00:43:20.480
take Reddit out because of the overall benefit of not

830
00:43:20.519 --> 00:43:23.679
having bad information. But it kind of limits the scope.

831
00:43:23.760 --> 00:43:25.840
The more you limit the scope of data, then it's like,

832
00:43:26.800 --> 00:43:29.519
are they making it a certain way phenomenal?

833
00:43:29.559 --> 00:43:32.760
I mean, it's phenomenal. That the computer can go through

834
00:43:33.519 --> 00:43:37.320
umpteen websites in a matter of seconds and then lean

835
00:43:37.480 --> 00:43:40.719
the information for you is just mind boggling.

836
00:43:41.119 --> 00:43:44.159
Yeah, I mean, and just imagine if the healthcare professionals

837
00:43:44.679 --> 00:43:47.719
kind of in any kind of professional sense. I think

838
00:43:47.719 --> 00:43:50.199
you're a little stubborn to use new technology. But if

839
00:43:50.199 --> 00:43:53.599
those healthcare professionals use AI the same way that that

840
00:43:53.639 --> 00:43:56.800
patient's father did, right, they probably would have known that

841
00:43:56.920 --> 00:44:01.880
quicker known what questions to ask more. Right. So it's

842
00:44:01.880 --> 00:44:04.960
like I I talk about this with financial advisors, people

843
00:44:04.960 --> 00:44:06.559
are like, are they going to be replaced by AI?

844
00:44:07.039 --> 00:44:09.199
I don't necessarily think. I think you could. More people

845
00:44:09.239 --> 00:44:12.079
could probably do their own financial planning with AI, right,

846
00:44:12.480 --> 00:44:16.199
But still it will the financial advisor will be able

847
00:44:16.199 --> 00:44:18.599
to ask the questions that need to be asked to

848
00:44:18.719 --> 00:44:20.639
the AI. I think it's going to help our planning.

849
00:44:20.719 --> 00:44:23.519
I think it will help our asset allocation over time

850
00:44:23.559 --> 00:44:25.920
as it gets better and gets more data into it.

851
00:44:26.760 --> 00:44:29.440
But still, you got to know what an asset allocation means, right,

852
00:44:29.440 --> 00:44:32.719
there's certain levels of barriers that still. I think more

853
00:44:32.760 --> 00:44:34.559
people will be able to cut their own hair, but

854
00:44:35.360 --> 00:44:37.199
still there will be quite a few people that won't

855
00:44:37.199 --> 00:44:38.679
be able to or don't wan't want to.

856
00:44:38.880 --> 00:44:42.039
Gold continues to stream to new all time highs, up

857
00:44:42.039 --> 00:44:43.920
another one hundred bucks thirty eight to eighty two.

858
00:44:44.719 --> 00:44:48.880
Silver was up like three, got over thirty nine hundred gold.

859
00:44:49.039 --> 00:44:51.400
Yeah you said, Todd, you said, it's up fifty the year,

860
00:44:51.440 --> 00:44:54.400
forty the year and mind boggling.

861
00:44:54.519 --> 00:44:58.039
Yeah, just incredible run. Four thousand dollars seems right around

862
00:44:58.039 --> 00:44:58.960
the corner for that thing.

863
00:44:59.039 --> 00:45:02.000
Oh yeah, another explosion this week was bitcoin. You're bitcoin

864
00:45:02.360 --> 00:45:05.559
all most all time highs. Might see it this weekend, right,

865
00:45:05.599 --> 00:45:05.920
I think it.

866
00:45:06.000 --> 00:45:07.239
Just touched one twenty four.

867
00:45:07.760 --> 00:45:09.480
Yeah, yeah, my all time high.

868
00:45:11.039 --> 00:45:13.480
Four. I think so of it. But yeah, I mean

869
00:45:13.480 --> 00:45:16.119
that thing looks prime as well. A lot of things

870
00:45:16.119 --> 00:45:18.199
look ready to pop. I think the one thing to

871
00:45:18.239 --> 00:45:20.039
me is the S and P. I see a real

872
00:45:20.079 --> 00:45:23.519
big FIBONACI level of like sixty seven seventy as a

873
00:45:23.599 --> 00:45:27.159
real big resistance. It's gone up so fast. We talk

874
00:45:27.199 --> 00:45:29.679
about October being home to some of the biggest crashes,

875
00:45:30.119 --> 00:45:33.480
historically one of the better months, but still with I

876
00:45:33.559 --> 00:45:37.000
think we're up like five straight months something like that. Eventually,

877
00:45:37.239 --> 00:45:39.320
maybe not, we even end the month down, but at

878
00:45:39.320 --> 00:45:41.159
some point during this month we have a week or

879
00:45:41.159 --> 00:45:42.719
two that's maybe negative.

880
00:45:43.199 --> 00:45:45.199
I would think the net I would think next week

881
00:45:45.320 --> 00:45:47.679
is going to be negative. It just feels like it. Uh.

882
00:45:47.760 --> 00:45:50.199
The SNP hit a new all time high on Monday,

883
00:45:50.360 --> 00:45:52.280
and every one of the major in deceies hit an

884
00:45:52.280 --> 00:45:54.599
all time high, from the S and P to the DOW,

885
00:45:54.760 --> 00:45:57.639
to the Russell two thousand to the equal weighted all

886
00:45:57.679 --> 00:46:03.039
of them all time highs. So but on Wednesday, the

887
00:46:03.079 --> 00:46:06.280
first of October, s and P, and Dean said that

888
00:46:06.480 --> 00:46:08.920
as once the quarter ends, he thought there might be

889
00:46:08.920 --> 00:46:14.360
some selling coming into October. We didn't see it. On Wednesday,

890
00:46:14.920 --> 00:46:16.599
s and P was up about twenty points to an

891
00:46:16.599 --> 00:46:19.920
all time high. But then Thursday SMP was flat. Friday

892
00:46:20.079 --> 00:46:23.360
SMP was flat. Now Friday was very weird because the

893
00:46:23.400 --> 00:46:27.119
doll was up five hundred points thanks to Caterpillar, IBM,

894
00:46:27.320 --> 00:46:30.159
and United Healthcare. That's why we don't follow with the

895
00:46:30.199 --> 00:46:33.679
Dow because three stocks have the have an index up

896
00:46:33.719 --> 00:46:35.920
five hundred points, where a third of the stocks in

897
00:46:35.960 --> 00:46:38.320
the index were actually down on the day. And it

898
00:46:38.400 --> 00:46:41.800
was the Nasdaq was down on Friday, the SMP was flat,

899
00:46:42.239 --> 00:46:45.199
and the Dow finished what two fifty up, But it's

900
00:46:45.280 --> 00:46:46.079
not representative.

901
00:46:46.159 --> 00:46:47.840
Yeah, but then you on the other side, you had

902
00:46:47.840 --> 00:46:51.440
IWM up about a percent then on Friday.

903
00:46:52.000 --> 00:46:55.119
I didn't look at it on Friday the Russell two thousand.

904
00:46:55.280 --> 00:46:59.199
Yes, right, Yes, IWM is an ETF verchion events.

905
00:46:59.280 --> 00:47:01.320
You know, I think we were all agree that most

906
00:47:01.320 --> 00:47:04.760
of the metrics started screaming caution. I don't think there's

907
00:47:05.480 --> 00:47:09.079
a crashing on the horizon, but you never know. When

908
00:47:09.119 --> 00:47:11.039
those things happened. They come out of the blue. They're

909
00:47:11.039 --> 00:47:14.119
typically black swan event, and I think it would take

910
00:47:14.159 --> 00:47:18.119
some type of a headline making event for that to happen.

911
00:47:18.480 --> 00:47:20.840
We'll be back with the rest of the Money Matter

912
00:47:20.920 --> 00:47:23.800
Show coming up on the top of the hour, and

913
00:47:24.079 --> 00:47:27.760
we'll be back with more right after this message.

914
00:47:27.360 --> 00:47:29.280
Back to the second hour of the Money Matter Show.

915
00:47:29.320 --> 00:47:31.199
Thank you everybody for tuning in and for those of

916
00:47:31.199 --> 00:47:32.920
you just tuning in. The Dow was up one point

917
00:47:32.920 --> 00:47:35.239
one percent last week. The S and P five hundred

918
00:47:35.320 --> 00:47:37.559
was up one point one percent, the NAZAC was up

919
00:47:37.559 --> 00:47:40.320
one point three percent, and the Rustle two thousand was

920
00:47:40.400 --> 00:47:42.760
up one point eight percent. The equal weighted SMP five

921
00:47:42.840 --> 00:47:45.679
hundred was up one point four percent. Everything up over

922
00:47:45.840 --> 00:47:49.199
one percent last week, which means the investors were just

923
00:47:49.239 --> 00:47:52.800
shaking off the government shutdown, which usually would happen because

924
00:47:52.880 --> 00:47:55.519
again the markets are about a six month leading indicator.

925
00:47:56.320 --> 00:47:58.079
I highly doubt that this government is going to be

926
00:47:58.119 --> 00:48:01.400
shut down for six months. They just move on. Investors

927
00:48:01.440 --> 00:48:04.599
just move on. And what investors piled a lot of

928
00:48:04.639 --> 00:48:07.599
money into last week was small caps. It's the reason

929
00:48:07.599 --> 00:48:09.760
why Russell two thousand was up the most at one

930
00:48:09.760 --> 00:48:12.280
point eight percent, and it's really making a screaming comeback

931
00:48:12.320 --> 00:48:14.760
on the year to date as well, up more than

932
00:48:14.800 --> 00:48:16.760
equal weighted now, which he was lagging behind for the

933
00:48:16.760 --> 00:48:18.320
first half of the year. And a big reason is

934
00:48:18.320 --> 00:48:21.440
because the FED is dropping rates. They lowered rates by

935
00:48:21.480 --> 00:48:24.239
twenty five basis points in September. The thought is you're

936
00:48:24.239 --> 00:48:26.320
gonna either get one or two more cuts for this year,

937
00:48:26.639 --> 00:48:28.599
and moving forward in the next year, you're gonna get

938
00:48:28.599 --> 00:48:31.480
more cuts, which makes it cheaper for small companies to borrow,

939
00:48:31.679 --> 00:48:34.639
which makes them start innovating more, which makes them start

940
00:48:34.679 --> 00:48:37.599
projects faster. And that's why a lot of people started

941
00:48:37.880 --> 00:48:42.519
pouring money into the small cap companies, especially quantum and

942
00:48:42.679 --> 00:48:45.599
especially rare earth minerals, because that is seeming to be

943
00:48:45.679 --> 00:48:48.360
the next wave of technologies.

944
00:48:48.360 --> 00:48:49.880
You have the AI craze, which are.

945
00:48:49.880 --> 00:48:51.960
In the midst of in the beginning stages of it still,

946
00:48:52.480 --> 00:48:54.599
but quantum computing and all of that stuff is just

947
00:48:54.639 --> 00:48:58.119
a whole other level, which you read some articles on

948
00:48:58.199 --> 00:49:03.119
the different stages and different where everybody's at with like Google's.

949
00:49:02.480 --> 00:49:03.639
One of the leaders IBM.

950
00:49:04.079 --> 00:49:07.719
They're saying it's about a five year idea until quantum

951
00:49:07.800 --> 00:49:11.159
is where AI is right now. But also Google found

952
00:49:11.920 --> 00:49:14.440
something faster. I forgot what it was with quantum. They

953
00:49:14.480 --> 00:49:17.159
hit a milestone faster, about two years faster than they

954
00:49:17.199 --> 00:49:19.320
thought earlier this year, so who.

955
00:49:19.159 --> 00:49:20.159
Knows where that's going.

956
00:49:20.199 --> 00:49:21.440
But that's why a lot of money is going to

957
00:49:21.480 --> 00:49:23.599
quantum because they're thinking that's the next step in this

958
00:49:23.719 --> 00:49:27.000
AI revolution. And then rare earth minerals is a whole

959
00:49:27.079 --> 00:49:31.159
other industry that's been getting a lot of attention lately

960
00:49:31.239 --> 00:49:34.119
because China is the world leader and they've been the

961
00:49:34.159 --> 00:49:37.159
world leader for mining rare earth minerals through the last

962
00:49:37.199 --> 00:49:37.639
twenty years.

963
00:49:37.679 --> 00:49:38.880
In the US is wanting to catch up.

964
00:49:38.920 --> 00:49:40.679
The US is wanting to do it domestically, and they're

965
00:49:40.719 --> 00:49:43.000
trying to catch.

966
00:49:42.840 --> 00:49:43.400
Up in a sense.

967
00:49:43.440 --> 00:49:46.800
And right now we have a depository in California, just

968
00:49:46.800 --> 00:49:47.960
a mountain pass that's MP.

969
00:49:48.239 --> 00:49:48.800
They're the leaders.

970
00:49:48.840 --> 00:49:52.840
They're the only ones in the US that's actually producing minerals.

971
00:49:52.880 --> 00:49:54.920
The other ones are in the discovery stage and showing

972
00:49:54.960 --> 00:49:58.199
how they would mine it. You have NB which is

973
00:49:58.199 --> 00:50:00.639
Neo Corporate Nebraska that's in developed in stage to show

974
00:50:00.639 --> 00:50:03.320
how they would mine it. So that's middle stages. You

975
00:50:03.360 --> 00:50:07.119
have Rare Earth USA in Texas, which is I forgot

976
00:50:07.119 --> 00:50:09.920
the USA R is the tick or yeah, I forgot

977
00:50:09.920 --> 00:50:11.280
the name of the basin in there.

978
00:50:11.360 --> 00:50:13.599
I can't Texas Basin.

979
00:50:14.440 --> 00:50:15.119
West Texas.

980
00:50:15.119 --> 00:50:17.639
They control that, Yeah, round Top deposit, that's what.

981
00:50:19.320 --> 00:50:22.000
And they just they went up on last week a

982
00:50:22.039 --> 00:50:24.599
lot and because the government's talking to them, they're in

983
00:50:24.639 --> 00:50:28.320
close talks with the White House about getting deals and

984
00:50:28.480 --> 00:50:31.119
having the White House invest in Rare Earth and then

985
00:50:31.840 --> 00:50:34.480
Rare Earth Elements, which is a r E m F.

986
00:50:35.039 --> 00:50:39.119
That is the beginning stages. That's the most infant rare

987
00:50:39.159 --> 00:50:43.000
earth company that's out there. They're in the the development

988
00:50:43.039 --> 00:50:44.800
stage of the very beginning of showing you how they

989
00:50:44.800 --> 00:50:48.559
would even get into the big deposit in Wyoming.

990
00:50:48.679 --> 00:50:49.679
So there's a lot going on.

991
00:50:50.159 --> 00:50:53.159
I think one of the big beneficiaries of this earth stuff,

992
00:50:53.199 --> 00:50:56.480
especially if we could bring production here in the United States,

993
00:50:56.840 --> 00:50:59.239
is going to be those companies like Lockheed Martin, Wraith Young.

994
00:50:59.599 --> 00:51:02.159
A lot of these rare Earth minerals are actually used

995
00:51:02.280 --> 00:51:05.559
in the missiles the F thirty five fighter jets. I

996
00:51:05.559 --> 00:51:07.719
was actually reading a report about how many of these

997
00:51:07.760 --> 00:51:11.119
minerals are used. These are huge inputs in again.

998
00:51:11.079 --> 00:51:17.119
Electric carves, yeahco morphones, chips, everything like R E m

999
00:51:17.280 --> 00:51:20.960
F and MP are companies that they're mining rare earth

1000
00:51:21.199 --> 00:51:23.519
minerals that go for magnets and all that.

1001
00:51:23.599 --> 00:51:25.079
And then they also and then the other ones like

1002
00:51:25.159 --> 00:51:29.519
USA are focuses on heavy rare earth minerals plus lithium

1003
00:51:29.519 --> 00:51:32.440
and other critical minerals. And then Neo Corporup and Nebraska

1004
00:51:32.719 --> 00:51:37.920
they're focusing on niobium, scandium, and titanium with rare earth

1005
00:51:37.960 --> 00:51:41.159
as a secondary product. So they're all different in a sense,

1006
00:51:41.320 --> 00:51:45.039
not necessarily directly competing with each other, they're just at

1007
00:51:45.079 --> 00:51:47.320
different stages in how far along are they in the

1008
00:51:47.320 --> 00:51:48.079
mining process.

1009
00:51:48.440 --> 00:51:50.320
Well, in US rare earth del and you mentioned the

1010
00:51:50.360 --> 00:51:53.559
Texas company, they actually have a plant that they're building

1011
00:51:53.639 --> 00:51:56.800
in Stillwater that will build batteries. They will make batteries.

1012
00:51:56.960 --> 00:51:58.840
You'll remember we used to have to ship all of

1013
00:51:58.880 --> 00:52:01.639
the rare earth minerals to know they would fabricate them.

1014
00:52:01.719 --> 00:52:03.679
Yeah, and that means that makes sense what they're the

1015
00:52:03.719 --> 00:52:06.599
company doing that because they're focused on lithium. Yes, so

1016
00:52:06.639 --> 00:52:10.639
they got that mine operation right. It's a it's been

1017
00:52:10.679 --> 00:52:13.880
a quiet industry for years, but it's really been wrapping

1018
00:52:13.960 --> 00:52:15.039
up in the last couple of years.

1019
00:52:15.159 --> 00:52:18.599
I went, how about an educational segment, because I was

1020
00:52:18.760 --> 00:52:21.639
educated last week is something I had no idea about.

1021
00:52:22.000 --> 00:52:27.079
Do you know the difference between nuclear fusion and nuclear fission?

1022
00:52:28.039 --> 00:52:29.639
Seas you're shaking your head like you do.

1023
00:52:29.840 --> 00:52:30.800
I've heard about it.

1024
00:52:31.280 --> 00:52:34.440
I know that we have I think fusion, and we're

1025
00:52:34.519 --> 00:52:35.840
still trying to get fission.

1026
00:52:36.519 --> 00:52:37.440
I might have it flips.

1027
00:52:37.519 --> 00:52:39.480
That's right, you know, you got it right, You got right.

1028
00:52:39.519 --> 00:52:43.679
That's very good. Nuclear fusion is when you split atoms

1029
00:52:44.000 --> 00:52:47.159
and it generates heat, and that's how we run nuclear

1030
00:52:47.159 --> 00:52:54.239
power plants. Now. A much much more desirable thing would

1031
00:52:54.280 --> 00:52:59.360
be nuclear fission. Nuclear fission is where you combine atoms,

1032
00:52:59.719 --> 00:53:02.679
which generates heat. It's what the sun does. It's what

1033
00:53:02.719 --> 00:53:06.239
the sun does. You generate heat. The beauty of nuclear

1034
00:53:06.360 --> 00:53:08.559
fission if they can ever figure it out, and it

1035
00:53:08.679 --> 00:53:12.159
has to be at millions of the tests are run

1036
00:53:12.199 --> 00:53:18.159
at millions of degrees centigrade, millions of degrees so I'm

1037
00:53:18.159 --> 00:53:19.840
not sure I want to be in the same town

1038
00:53:19.920 --> 00:53:23.800
when that's going on, you know, where they're getting something

1039
00:53:23.840 --> 00:53:26.039
to a million degrees centigrade. But if they can figure

1040
00:53:26.039 --> 00:53:30.000
out nuclear fission, it would provide the same it would

1041
00:53:30.000 --> 00:53:35.079
provide multiple amounts of energy over and above nuclear fusion,

1042
00:53:35.559 --> 00:53:37.679
and do it with no waste, no waste at all.

1043
00:53:37.800 --> 00:53:39.800
That's what a lot of these companies are trying to do,

1044
00:53:39.920 --> 00:53:41.119
like Oaklow for example.

1045
00:53:41.119 --> 00:53:41.920
I'm pretty sure.

1046
00:53:41.760 --> 00:53:45.119
There's no public company involved in nuclear fission.

1047
00:53:45.039 --> 00:53:47.360
Right, but they're not. They're trying to get that technology.

1048
00:53:47.400 --> 00:53:52.239
No, they're not involved. Nobody's involved in it. I tell you,

1049
00:53:52.320 --> 00:53:55.119
I want to chat GPT and ask, and it said none.

1050
00:53:55.440 --> 00:53:56.280
Then nobody might.

1051
00:53:57.440 --> 00:54:00.440
It says nuclear fission is an operational technology twoty and

1052
00:54:00.480 --> 00:54:04.639
companies have run fission reactors for decades to generate electricity,

1053
00:54:04.840 --> 00:54:09.880
power naval vessels and produce isotopes. Reactor vendors and advanced

1054
00:54:09.880 --> 00:54:16.400
developers includes Westinghouse, ge Hastaja, Rolls, Royce, SMR, nuclear nuclear fusion,

1055
00:54:16.519 --> 00:54:17.639
nuclear fission.

1056
00:54:17.360 --> 00:54:22.039
Nuclear fission. According to GPT, there's no public company that's

1057
00:54:22.119 --> 00:54:23.719
involved in it. It's experimental.

1058
00:54:25.280 --> 00:54:27.480
We've talked about. Are these small modular.

1059
00:54:27.119 --> 00:54:30.400
Is not used on a commercial basis at all? Nuclear fission.

1060
00:54:30.880 --> 00:54:33.360
Look, I'm not a scientist, so I'm not gonna sit here,

1061
00:54:33.440 --> 00:54:35.920
but I do know that those that's what the state

1062
00:54:36.159 --> 00:54:39.639
of OClO and SMR and these small module reactors. That

1063
00:54:39.800 --> 00:54:42.239
is why the hype is so big. It's because of

1064
00:54:42.320 --> 00:54:45.079
the vast amount of energy it can be produced for

1065
00:54:45.239 --> 00:54:47.360
the low amount of waste and low amount of energy

1066
00:54:47.360 --> 00:54:48.360
required to put into it.

1067
00:54:48.440 --> 00:54:52.920
Well, if these companies are using nuclear fission, you're onto something.

1068
00:54:53.000 --> 00:54:57.840
Because it's supposedly experimental. There is no public company involved

1069
00:54:57.880 --> 00:55:00.400
in it at all. So I'm not saying you're but

1070
00:55:00.880 --> 00:55:03.599
the information I gleaned was anyway. I thought it was

1071
00:55:03.639 --> 00:55:05.599
interesting the difference between fusion and fission.

1072
00:55:05.920 --> 00:55:10.320
I know, they're modular reactors. Exactly how a modular reactor works.

1073
00:55:10.480 --> 00:55:13.239
They want a scientist like you said, that's kind of interesting,

1074
00:55:13.280 --> 00:55:13.719
that is.

1075
00:55:13.840 --> 00:55:15.599
I mean, if you look at OKLA and SMR, they're

1076
00:55:15.639 --> 00:55:18.599
going up with that type of hype that they are

1077
00:55:18.639 --> 00:55:21.400
going to supply that type of energy, right, I.

1078
00:55:21.320 --> 00:55:22.880
Think just that that nuclear power.

1079
00:55:22.960 --> 00:55:24.760
I'm sorry, we got to go back a little bit.

1080
00:55:24.800 --> 00:55:27.239
Are you saying that fission is what the technology that

1081
00:55:27.280 --> 00:55:28.199
we have fusion?

1082
00:55:29.000 --> 00:55:29.360
Fusion?

1083
00:55:29.559 --> 00:55:31.480
Yeah, I think you have it, foliot flop flip, you

1084
00:55:31.519 --> 00:55:33.840
have it, flip flop. Fission is what we currently have

1085
00:55:34.000 --> 00:55:37.199
right now. Fusion fuses light atoms hydrogen isotopes.

1086
00:55:37.280 --> 00:55:39.559
Like, I'm sorry, it's absolutely right, you got a flip flop.

1087
00:55:39.639 --> 00:55:43.480
Yeah, that's why we're having you know, really careful.

1088
00:55:43.239 --> 00:55:44.960
When I put this piece together, because I was going

1089
00:55:45.000 --> 00:55:48.599
back blah blah blah. You know, but yeah, that's fusion.

1090
00:55:48.840 --> 00:55:52.239
Fission is absolutely common, is how nuclear reactors are run.

1091
00:55:52.559 --> 00:55:57.840
Fusion, and that's that's the technology that new scale all

1092
00:55:57.880 --> 00:55:59.480
these companies are trying to get.

1093
00:55:59.320 --> 00:56:03.039
After nuclear fusion. My apologies, I haven't put That's why

1094
00:56:03.039 --> 00:56:06.519
I was shaking. Thanks no, thanks for clarifying it. Vision

1095
00:56:06.559 --> 00:56:09.880
and fusion kind of interesting, So Mike, thank you. I

1096
00:56:09.880 --> 00:56:14.199
felt smarter even though I messed up the report. I

1097
00:56:14.199 --> 00:56:16.599
feel like I learned something right.

1098
00:56:17.760 --> 00:56:20.760
Yeah, but I do think that's like when you talk

1099
00:56:20.760 --> 00:56:24.920
about energy that NLR, the nuclear ETF it's up seventy

1100
00:56:24.960 --> 00:56:28.800
one actually almost eighty percent for the year. That's why, right,

1101
00:56:28.840 --> 00:56:32.800
I mean, even if it's just fission, that itself is

1102
00:56:32.800 --> 00:56:36.360
a lot more efficient than what the current fossil fuel

1103
00:56:36.400 --> 00:56:38.840
system is kind of set up to be. It's pretty

1104
00:56:38.880 --> 00:56:42.320
much more efficient than most solar panels, and it's much

1105
00:56:42.320 --> 00:56:43.360
more efficient than wind.

1106
00:56:43.760 --> 00:56:46.719
And I never believed, I never believed in my lifetime

1107
00:56:46.960 --> 00:56:53.039
I would ever see our country reacting positively towards nuclear

1108
00:56:53.119 --> 00:56:56.800
energy ever again. And I'm thrilled. I'm thrilled because it

1109
00:56:56.880 --> 00:56:59.280
is the way we should be going. It's the way

1110
00:56:59.320 --> 00:57:01.639
a lot of country are going, and it's it's the future.

1111
00:57:02.320 --> 00:57:06.239
We need massive amounts of power, massive amounts of power.

1112
00:57:06.280 --> 00:57:11.440
There's a utility company in Virginia aees, and it's just

1113
00:57:11.519 --> 00:57:18.079
been a complete dog. Stock has done nothing to climb

1114
00:57:18.119 --> 00:57:22.000
fourteen percent on Wednesday on news that black Rocks Global

1115
00:57:22.159 --> 00:57:26.719
Infrastructure Partners is in late stage talks to acquire the

1116
00:57:26.840 --> 00:57:29.960
Virginia based utility. Again, this stock is the same price

1117
00:57:30.000 --> 00:57:33.920
it was seven years ago. It has done absolutely nothing

1118
00:57:34.599 --> 00:57:37.920
in a market where utilities have really done well. Right,

1119
00:57:38.360 --> 00:57:42.519
this is just a piece of junk stock, right, and

1120
00:57:42.639 --> 00:57:45.800
look at this fourteen percent because you know what, everybody

1121
00:57:45.840 --> 00:57:50.760
wants power. Everybody needs power. Hungry for power. We're seeing

1122
00:57:50.800 --> 00:57:51.440
it everywhere.

1123
00:57:51.480 --> 00:57:55.079
I saw a very interesting video this weekend on YouTube

1124
00:57:55.280 --> 00:57:57.840
and it was from the Financial Times, and they did

1125
00:57:57.880 --> 00:58:01.760
one about data centers and the the real cost of

1126
00:58:01.840 --> 00:58:04.360
data centers that are unknown is kind of their way

1127
00:58:04.360 --> 00:58:06.920
of putting about it. Obviously, their spin seems to be

1128
00:58:06.960 --> 00:58:09.599
a little more to the liberal side of saying, hey,

1129
00:58:09.639 --> 00:58:12.519
these data centers are gonna be very costly on energy.

1130
00:58:12.559 --> 00:58:15.519
They're gonna mess up the ecosystem and increase climate change.

1131
00:58:15.760 --> 00:58:18.599
Water is obviously one of those big deals. It's funny though,

1132
00:58:18.599 --> 00:58:20.519
because when they even mentioned that, like some of these

1133
00:58:20.840 --> 00:58:22.920
data centers are gonna have closed loop systems and not

1134
00:58:23.000 --> 00:58:24.679
use some of the water, they're like, it's kind of

1135
00:58:24.679 --> 00:58:26.519
a double edged sword because then they're just gonna have

1136
00:58:26.559 --> 00:58:29.000
to use more power to offset. And it's like, well, yeah,

1137
00:58:29.000 --> 00:58:30.960
we know there's a power problem, and that's what the

1138
00:58:31.079 --> 00:58:34.440
nuclear solves, right. If we can have more power generated,

1139
00:58:34.639 --> 00:58:37.119
then the data centers aren't as costly. But something that

1140
00:58:37.159 --> 00:58:39.480
I'd never really thought about was the noise that the

1141
00:58:39.559 --> 00:58:42.000
data centers make. And apparently a lot of these data

1142
00:58:42.000 --> 00:58:46.559
centers are being made around residential complexes, especially in Virginia

1143
00:58:46.599 --> 00:58:49.840
that's kind of the data center alley, and they're expanding.

1144
00:58:50.079 --> 00:58:51.639
And the reason that there are in some of these

1145
00:58:51.800 --> 00:58:56.480
residential areas is because these metas and oracles and huge

1146
00:58:56.519 --> 00:59:00.480
companies apples get tax breaks when they put these data

1147
00:59:00.480 --> 00:59:03.760
centers in certain areas, right, and they get cheap electricity.

1148
00:59:03.960 --> 00:59:06.880
It's all about making it and most efficient. But they

1149
00:59:06.920 --> 00:59:10.000
actually have some studies now that says that this extra

1150
00:59:10.119 --> 00:59:13.880
noise that really comes from things like the fans it

1151
00:59:13.920 --> 00:59:16.199
requires a massive amount of coolingk for all these chips

1152
00:59:16.239 --> 00:59:18.400
in the building to stay at the certain temperature to

1153
00:59:18.440 --> 00:59:20.280
not overheat, right, So you have to have a lot

1154
00:59:20.320 --> 00:59:22.880
of fans. VRT is one of the companies that try

1155
00:59:22.920 --> 00:59:26.119
to help cool these chips through a water mechanism, but

1156
00:59:26.119 --> 00:59:28.719
there's also a lot of fans that is required. Those

1157
00:59:28.760 --> 00:59:31.800
fans make a lot of noise, and so even Amazon

1158
00:59:31.880 --> 00:59:33.679
had they talked about this in the video that Amazon

1159
00:59:33.719 --> 00:59:36.239
had to raise the vents around their fans to reduce

1160
00:59:36.280 --> 00:59:39.440
the noise to be to a suitable level. And people

1161
00:59:39.480 --> 00:59:42.599
around the data centers say they can't sleep, they're not

1162
00:59:42.639 --> 00:59:45.679
they have migrains and headaches all day. Whether it's true,

1163
00:59:45.760 --> 00:59:48.000
you know, you have to ask them. But they seem

1164
00:59:48.039 --> 00:59:50.559
like they really believe it. And there's a lot of

1165
00:59:51.119 --> 00:59:54.840
lawsuits that they try to bring about potentially that might

1166
00:59:54.880 --> 00:59:57.800
be in the long run issue where they're saying, hey,

1167
00:59:57.800 --> 01:00:01.239
we can't have data centers right by residentials. But that's

1168
01:00:01.280 --> 01:00:03.840
the only thing I've heard negative about data centers that

1169
01:00:03.880 --> 01:00:06.599
I'd never really thought about was the sheer noise of them.

1170
01:00:07.000 --> 01:00:09.679
They have a lot of radio frequency too. Some people

1171
01:00:09.719 --> 01:00:12.760
believe that radio frequencies have a very negative effect. There

1172
01:00:12.800 --> 01:00:14.760
are some studies that can prove that, right. I mean,

1173
01:00:14.760 --> 01:00:16.719
if you sleep with the phone next to you all

1174
01:00:16.760 --> 01:00:19.440
the time, there is some evidence there that it can

1175
01:00:19.599 --> 01:00:22.159
cause issues. So living right next to a data center

1176
01:00:22.480 --> 01:00:24.679
might end up being equivalent to living right next to

1177
01:00:24.719 --> 01:00:27.920
a terminal at airport. Right. Having that level of busyness

1178
01:00:27.920 --> 01:00:30.360
all around you is not we know, is not great

1179
01:00:30.400 --> 01:00:33.280
for health. It does lower health overall being that close

1180
01:00:33.320 --> 01:00:36.440
to a loud, noisy thing or that largely polluted of

1181
01:00:36.480 --> 01:00:38.880
the area. So that's probably one of the things that

1182
01:00:38.920 --> 01:00:40.880
I had never thought about with the data center side

1183
01:00:40.960 --> 01:00:43.039
of this huge data center boom that we're going through.

1184
01:00:43.159 --> 01:00:45.480
I think I think there was a report and I

1185
01:00:45.519 --> 01:00:48.000
want to say it's on sixty minutes or one of those,

1186
01:00:48.760 --> 01:00:51.639
probably by six seven years ago about that very thing

1187
01:00:52.440 --> 01:00:55.000
about the noise that these data centers were making and

1188
01:00:55.000 --> 01:00:57.840
when they were in their infancy. Now hopefully they've come

1189
01:00:57.880 --> 01:01:01.559
a long way in terms of mitigating the noise, but yeah,

1190
01:01:01.639 --> 01:01:04.119
they're noisy. They need to be in the middle of nowhere.

1191
01:01:03.920 --> 01:01:06.079
And think about how much more they're building now, right,

1192
01:01:06.199 --> 01:01:08.239
So it's potentially an issue you're gonna hear more of.

1193
01:01:08.360 --> 01:01:09.840
Big I don't know why.

1194
01:01:09.840 --> 01:01:12.119
I thought that you were gonna bring up the Sam

1195
01:01:12.119 --> 01:01:14.119
Altman video. I thought that's the video that you were

1196
01:01:14.159 --> 01:01:17.480
talking about. Did you see that, Dave No So. Open

1197
01:01:17.519 --> 01:01:20.280
ai recently launched Sora too, which is a new video

1198
01:01:20.400 --> 01:01:22.760
generation AI so you can make you can tell it

1199
01:01:22.760 --> 01:01:26.480
to make you videos. Almost immediately after, there's a video

1200
01:01:26.480 --> 01:01:30.199
of Altman. Sam Altman, the creator of open Ai. He's

1201
01:01:30.239 --> 01:01:32.119
being caught trying to walk out of a store with

1202
01:01:32.119 --> 01:01:34.199
a GPU and then pleading I need this for a

1203
01:01:34.280 --> 01:01:37.559
Sora inference. It's kind of a funny video and it

1204
01:01:37.679 --> 01:01:42.039
looks very very real. He's in this like a Walgreens

1205
01:01:42.119 --> 01:01:44.400
or a Target. He's he's stealing a mic chip and

1206
01:01:44.400 --> 01:01:45.519
he's like, I need it, I need it.

1207
01:01:46.679 --> 01:01:46.880
There.

1208
01:01:47.440 --> 01:01:50.599
I couldn't figure out a way to truly tell, okay,

1209
01:01:50.719 --> 01:01:52.960
is that video real or it's fake? I assumed it's fake.

1210
01:01:53.480 --> 01:01:56.440
It just makes you wonder what's to come in the future.

1211
01:01:56.559 --> 01:01:59.199
The cybersecurity companies are gonna have their hands full.

1212
01:01:59.360 --> 01:02:02.840
Yeah, the videos myself and they were very realistic. One

1213
01:02:02.840 --> 01:02:05.960
of the most realistic versions of AI videos be seen

1214
01:02:06.039 --> 01:02:09.360
so far right there with Google's version. We talked about

1215
01:02:09.320 --> 01:02:11.480
who Google had the kind of the best video generator

1216
01:02:11.519 --> 01:02:14.239
for a while. Seems like Open Eyes catching up a

1217
01:02:14.239 --> 01:02:16.079
little bit. Grock has a very good one as well.

1218
01:02:16.199 --> 01:02:19.360
So there's the I mean, the video generation just one

1219
01:02:19.360 --> 01:02:21.119
to two years from now. I mean you're seriously going

1220
01:02:21.199 --> 01:02:24.079
to be maybe three years away from time Netflix to

1221
01:02:24.119 --> 01:02:25.400
create your own movie for We were.

1222
01:02:25.280 --> 01:02:27.639
Talking about that too with the security footage that Sam

1223
01:02:27.639 --> 01:02:29.559
Alemans showed and it was all AI generated. There's going

1224
01:02:29.639 --> 01:02:31.239
to be a company that just blows up out of

1225
01:02:31.400 --> 01:02:34.400
security against this. How do you show then, Like we

1226
01:02:34.440 --> 01:02:37.039
were saying, the watermarks on these videos is how you

1227
01:02:37.079 --> 01:02:38.920
prove it. But obviously we can't see that with our

1228
01:02:39.079 --> 01:02:41.320
naked eye. So you gotta have companies that are just

1229
01:02:41.320 --> 01:02:44.519
gonna start focusing on that type of security only so

1230
01:02:44.599 --> 01:02:47.440
they could show that it's either AI generated video or

1231
01:02:47.559 --> 01:02:49.719
real because it's pretty hard to see.

1232
01:02:49.760 --> 01:02:51.639
It's pretty hard to tell with that. And that was

1233
01:02:51.639 --> 01:02:52.679
the first video out.

1234
01:02:53.079 --> 01:02:55.360
If there's an insane If there's any listeners out there

1235
01:02:55.360 --> 01:02:57.280
that haven't played with this or just you know, are

1236
01:02:57.360 --> 01:02:58.519
curious about it, go try it.

1237
01:02:58.519 --> 01:02:59.639
It's called Sora too.

1238
01:03:00.519 --> 01:03:01.199
R A two.

1239
01:03:01.519 --> 01:03:03.880
I'm pretty sure you could go making accounts and do

1240
01:03:03.920 --> 01:03:05.880
a free subscription or something. Just tell it to make

1241
01:03:05.920 --> 01:03:08.159
you a video whatever you want. It's it's a cool

1242
01:03:08.239 --> 01:03:09.840
little task.

1243
01:03:09.679 --> 01:03:12.559
Real and that that's that's from open Ai.

1244
01:03:12.840 --> 01:03:13.599
That's open Ai.

1245
01:03:14.599 --> 01:03:16.760
Cad GPT people, right, I forget what the.

1246
01:03:16.679 --> 01:03:17.559
Google one is called.

1247
01:03:17.840 --> 01:03:21.280
It's well, it's technically deep mind that makes it.

1248
01:03:21.320 --> 01:03:23.960
But no, but the ractual system Gemini, that's what it was.

1249
01:03:24.400 --> 01:03:26.880
But there's an open ai, the company behind chrad GPTs.

1250
01:03:27.000 --> 01:03:29.840
Yes, yes, open Ai was valued at five hundred billion

1251
01:03:29.880 --> 01:03:32.760
dollars this week. And you think about that, right, five

1252
01:03:32.840 --> 01:03:35.800
hundred million dollars. How much is Apple worth? How much

1253
01:03:35.840 --> 01:03:38.119
is amaz I'm worth? Open Ai should be worth just

1254
01:03:38.159 --> 01:03:38.679
as much as that.

1255
01:03:38.800 --> 01:03:41.960
So that company is worth what Elon Musk is worth. Yeah,

1256
01:03:42.119 --> 01:03:44.559
oh my god, yeah, five hundred billion, five hundred billion

1257
01:03:44.599 --> 01:03:44.880
net worth.

1258
01:03:44.920 --> 01:03:46.639
Larry took over for about a week.

1259
01:03:46.840 --> 01:03:49.559
Yeah yeah, Larry Allison is one hundred billion behind him.

1260
01:03:50.480 --> 01:03:54.079
You're thinking that like after the fourth quarter, that's gonna

1261
01:03:54.159 --> 01:03:57.159
drop because there's no way the EV's my belief, at

1262
01:03:57.239 --> 01:03:59.000
least EV sales are going to go up in this

1263
01:03:59.039 --> 01:03:59.559
fourth quarter.

1264
01:03:59.719 --> 01:04:01.239
No, no, no, no no.

1265
01:04:01.360 --> 01:04:03.000
I'd already started a job, right, Oh.

1266
01:04:03.039 --> 01:04:05.079
The only question is how much they drop? And like

1267
01:04:05.119 --> 01:04:08.440
I said, the Ford CEOs is fifty percent, I don't

1268
01:04:08.480 --> 01:04:10.400
know that it goes that far because there are a

1269
01:04:10.400 --> 01:04:13.400
lot of people buying these evs that don't qualify for

1270
01:04:13.440 --> 01:04:17.280
the tax credit. Obviously obviously a tax credit, but it's still.

1271
01:04:17.440 --> 01:04:19.440
Like you said, they were focused on buying it before

1272
01:04:19.480 --> 01:04:21.719
so they could get the tax credit. This is that's

1273
01:04:21.760 --> 01:04:22.960
not going to happen in the fourth quarter.

1274
01:04:23.159 --> 01:04:24.760
I don't know. I don't know how long people are

1275
01:04:24.800 --> 01:04:29.039
willing to patiently wait for Tesla to become the robot

1276
01:04:29.159 --> 01:04:31.320
leader that they think is going to become.

1277
01:04:31.880 --> 01:04:34.719
Well, if you're full on investing in the company, they'll

1278
01:04:34.760 --> 01:04:37.440
wait five ten years. Because you're thinking long term investment.

1279
01:04:37.760 --> 01:04:41.079
You're thinking Tesla will become the robotics company of the.

1280
01:04:41.000 --> 01:04:43.519
World of the future. So you are willing to wait

1281
01:04:43.519 --> 01:04:45.039
five ten years for that to happen.

1282
01:04:45.360 --> 01:04:47.800
Yeah, I mean people invested in Tesla in twenty ten,

1283
01:04:48.599 --> 01:04:52.199
they don't really do anything until the last few years. Good,

1284
01:04:52.480 --> 01:04:56.159
But if you're trying to trade it, it's dig it's crazy.

1285
01:04:57.000 --> 01:04:59.239
We did see interest rates come down this past week

1286
01:05:00.079 --> 01:05:03.119
when the FED cut rates. Right before the FED cut rates,

1287
01:05:03.199 --> 01:05:07.159
the ten year treasury was just under four percent and

1288
01:05:07.280 --> 01:05:09.679
since they cut rates, it's been round four and a quarter.

1289
01:05:09.960 --> 01:05:13.639
It actually dipped down to four point one two. Mortgage

1290
01:05:13.719 --> 01:05:16.239
rate didn't move stage right at six point three five,

1291
01:05:17.159 --> 01:05:21.199
so we're not seeing any huge drop in in that.

1292
01:05:21.559 --> 01:05:23.960
The cannabis stocks got quite a jump during the week

1293
01:05:24.000 --> 01:05:28.239
after Trump posted a video on social truth social touting

1294
01:05:28.280 --> 01:05:36.079
the benefits of cannabis for seniors. Kind of irrelevant unless

1295
01:05:36.079 --> 01:05:38.960
he can make it legal on the federal level, and

1296
01:05:39.039 --> 01:05:42.639
I don't know that that. Can he do an executive

1297
01:05:42.920 --> 01:05:45.760
Trump's very persuasive, right, can he find If he can

1298
01:05:45.840 --> 01:05:50.400
find a way to get cannabis legalized on a federal level,

1299
01:05:50.679 --> 01:05:52.280
those stocks are going to explode.

1300
01:05:52.440 --> 01:05:55.199
Doesn't it seem like it's just an FDA thing. I'm

1301
01:05:55.239 --> 01:05:59.079
not FDA, a Food Drug and Administration. Well, yeah, so

1302
01:05:59.239 --> 01:06:00.840
my wife he control of that.

1303
01:06:01.239 --> 01:06:03.199
I think it's Congress. Congress would have to legalize it

1304
01:06:03.239 --> 01:06:06.960
because it's illegal. Yeah, so the FDA can't make something

1305
01:06:07.039 --> 01:06:08.119
illegal legal.

1306
01:06:08.239 --> 01:06:11.800
How did they like they would regulate the But.

1307
01:06:11.840 --> 01:06:14.920
When they made alcoholic that was an amendment? Was that

1308
01:06:14.960 --> 01:06:15.559
how they did that?

1309
01:06:15.679 --> 01:06:18.239
Yeah? The constitution?

1310
01:06:18.400 --> 01:06:21.440
Actually, so did they have amendment that made weed illegal?

1311
01:06:22.000 --> 01:06:22.199
No?

1312
01:06:22.400 --> 01:06:26.360
But they there's a law a federal law that marijuana

1313
01:06:26.559 --> 01:06:29.719
is illegal, so they would need to Uh.

1314
01:06:29.639 --> 01:06:32.639
See, that's what because when I read the history books,

1315
01:06:32.880 --> 01:06:36.440
when alcohol was illegal, weed was legal. And then when

1316
01:06:36.440 --> 01:06:38.440
alcohol became legal again.

1317
01:06:38.320 --> 01:06:41.039
They made co Cola just have cocaine. And you know

1318
01:06:41.079 --> 01:06:45.639
I was born too late, right, The Roaring twenties probably

1319
01:06:45.639 --> 01:06:50.519
were fun anyway, Hey, the caunter flipped October, and what

1320
01:06:50.559 --> 01:06:56.360
do we start thinking about in October? Required minimum distributions? Right? Huh?

1321
01:06:56.400 --> 01:07:01.000
What are a reminder? If you're seventy three or older

1322
01:07:01.960 --> 01:07:05.400
anytime this year? You could turn seventy three on twelve

1323
01:07:05.480 --> 01:07:09.440
thirty one of twenty five still counts. If you're seventy

1324
01:07:09.480 --> 01:07:13.159
three any day this year, you are required to start

1325
01:07:13.239 --> 01:07:17.159
taking money from your retirement accounts. And that doesn't whether

1326
01:07:17.239 --> 01:07:21.159
the IRA is at a bank, a brokerage firm, an

1327
01:07:21.199 --> 01:07:24.280
insurance company. And it doesn't matter whether it's an IRA,

1328
01:07:24.400 --> 01:07:26.719
it doesn't matter what it's a sep IRA, doesn't matter

1329
01:07:26.719 --> 01:07:30.639
whether it's a simple IRA. There's one exception, if you

1330
01:07:30.719 --> 01:07:33.960
have a four h one K that's still active. In

1331
01:07:34.000 --> 01:07:36.000
other words, you're still working, and a lot of more

1332
01:07:36.039 --> 01:07:38.960
people are working over seventy three now. If you're over

1333
01:07:39.039 --> 01:07:41.559
seventy three have a four oh one K, you're still

1334
01:07:41.599 --> 01:07:44.000
contributing to the four to one K. You do not

1335
01:07:44.960 --> 01:07:48.079
need to take a requirementium distribution from that four to

1336
01:07:48.119 --> 01:07:51.480
one K. I found this out for the first time,

1337
01:07:51.559 --> 01:07:54.519
probably about five years ago, when I ran into this

1338
01:07:54.599 --> 01:07:58.840
pharmacist working in Green Valley, eighty five years old. Eighty

1339
01:07:58.880 --> 01:08:01.920
five year old pharmacist working full time, and I said,

1340
01:08:01.920 --> 01:08:03.840
by the way, have you taken any money from your

1341
01:08:03.880 --> 01:08:05.280
four oh one K? He goes no. I said, well,

1342
01:08:05.360 --> 01:08:07.159
you're required to take distribution. He goes no, you're not.

1343
01:08:08.079 --> 01:08:10.119
So I talked to a couple of tax people and

1344
01:08:10.159 --> 01:08:12.000
go a little and sure enough, you don't have to

1345
01:08:12.400 --> 01:08:14.360
as long as you're working, and it doesn't matter how

1346
01:08:14.360 --> 01:08:14.840
old you are.

1347
01:08:16.079 --> 01:08:18.760
There's another thing too, is if you turn seventy three

1348
01:08:18.800 --> 01:08:20.880
this year and you forget to take it by twelve

1349
01:08:20.880 --> 01:08:23.319
thirty one, you get a break because you can take

1350
01:08:23.359 --> 01:08:25.680
it all the way up until April first of twenty

1351
01:08:25.720 --> 01:08:28.840
twenty six. But if you do take it, say February

1352
01:08:28.840 --> 01:08:31.319
of twenty six, you will have to take another one

1353
01:08:31.880 --> 01:08:33.920
next year as well, so you'll end up taking two

1354
01:08:34.079 --> 01:08:36.079
in one year. But you're not going to get penalized

1355
01:08:36.119 --> 01:08:38.199
for not taking it during your first year of seventy three.

1356
01:08:38.319 --> 01:08:42.039
Now, I have a doctor client who turns seventy three

1357
01:08:42.159 --> 01:08:45.520
this year. She is going to retire on twelve thirty

1358
01:08:45.520 --> 01:08:50.079
one of this year. She's gonna wait until January to

1359
01:08:50.159 --> 01:08:53.640
take her twenty twenty five because it doesn't matter that

1360
01:08:53.720 --> 01:08:57.720
she has two distributions. Next year she won't have her salary. Yeah,

1361
01:08:57.760 --> 01:09:00.600
and that makes all the sense in the world, marsher.

1362
01:09:00.960 --> 01:09:03.720
Yeah, a taxable income picture. And that's what comes back

1363
01:09:03.760 --> 01:09:06.319
to the financial plan. In order to know what's the

1364
01:09:06.319 --> 01:09:11.159
best efficient thing from maybe retiring or selling a business

1365
01:09:11.239 --> 01:09:14.399
or even wroth conversions, you have to have a plan

1366
01:09:14.479 --> 01:09:17.239
of saying does income fall off a cliff, does it not?

1367
01:09:17.399 --> 01:09:20.199
How's this going to impact healthcare premiums? All that can

1368
01:09:20.239 --> 01:09:22.560
be done with the financial plan. Were just doing a

1369
01:09:22.600 --> 01:09:25.159
couple this week. We had our seminar last week. We

1370
01:09:25.199 --> 01:09:27.800
have a lot more planned for the week following. So

1371
01:09:27.880 --> 01:09:30.079
make sure you give us a call and take advantage

1372
01:09:30.119 --> 01:09:31.840
of especially when we're at all time hides. You can

1373
01:09:31.840 --> 01:09:33.920
revisit your risk tolerance, make sure you have a sound

1374
01:09:34.000 --> 01:09:37.159
financial plan. Update your financial plan. It probably is much

1375
01:09:37.159 --> 01:09:40.239
better as the accounts grow, the success rate usually grows

1376
01:09:40.279 --> 01:09:41.800
as well, so you can come in see if you're

1377
01:09:41.800 --> 01:09:44.560
able to spend more if you stay at the current level,

1378
01:09:44.600 --> 01:09:46.600
if your success rate has now increased, you can sleep

1379
01:09:46.880 --> 01:09:49.119
more comfortably at nights. We can always rerun the plan.

1380
01:09:49.520 --> 01:09:51.439
We can also do your free financial plan. If you

1381
01:09:51.439 --> 01:09:53.680
haven't ever done one, just give us a call five

1382
01:09:53.760 --> 01:09:55.840
to two oh five four four four nine zero nine.

1383
01:09:55.920 --> 01:09:58.199
I have ah And these are not just cookie cutter

1384
01:09:58.279 --> 01:10:01.960
financial plans. There's some very very sophisticated strategies that I

1385
01:10:02.000 --> 01:10:04.479
hear you guys talking about. I have a friend that

1386
01:10:05.479 --> 01:10:08.119
I Haike Tuma mauk with who has a mid seven

1387
01:10:08.199 --> 01:10:12.439
figure net worth and does it all himself, very comfortable.

1388
01:10:12.439 --> 01:10:13.960
He knows how to cut his own hair so he

1389
01:10:14.000 --> 01:10:16.399
doesn't need a barber right and came in did the

1390
01:10:16.399 --> 01:10:19.359
financial plan. There were some things todd that you discovered

1391
01:10:19.840 --> 01:10:21.960
that told and told him about. He goes, wow, I

1392
01:10:22.000 --> 01:10:26.359
had no idea. So it doesn't matter your level of sophistication.

1393
01:10:26.520 --> 01:10:29.880
It doesn't matter whether you do it with Fidelity or Vanguard.

1394
01:10:30.600 --> 01:10:33.319
It doesn't matter how long you've been doing it, how

1395
01:10:33.319 --> 01:10:37.319
old you are. There are a lot of strategies I

1396
01:10:37.640 --> 01:10:41.439
learned things from the young guys in this office every week.

1397
01:10:41.840 --> 01:10:43.439
Versus well, I mean, you know, funny today I had

1398
01:10:43.479 --> 01:10:46.800
a financial plan with an all state It used to

1399
01:10:46.800 --> 01:10:48.560
be an all state agent, you know, and that had

1400
01:10:48.640 --> 01:10:51.359
series six, had to understand had great Roth account. You

1401
01:10:51.560 --> 01:10:54.319
knew it all you know to be dangerous, but still,

1402
01:10:54.359 --> 01:10:56.600
you know, wanted to see the financial plan make sure

1403
01:10:56.800 --> 01:10:58.800
does rocket version makes sense? Already? Kind of did your

1404
01:10:58.800 --> 01:11:02.199
own social security optimism herself? Well, also wanted to see,

1405
01:11:02.439 --> 01:11:04.399
you know what does the plan say? It was able

1406
01:11:04.439 --> 01:11:07.119
to take away some few things that she was didn't

1407
01:11:07.159 --> 01:11:09.920
think about herself. So, like you said, on my level sophistication,

1408
01:11:10.000 --> 01:11:12.039
even getting a second eyes on it. That's why we

1409
01:11:12.079 --> 01:11:15.279
bounce the ideas off each other, because more perspectives are

1410
01:11:15.319 --> 01:11:16.119
better than just one.

1411
01:11:16.399 --> 01:11:20.439
Yeah, and again, you will benefit from this no matter

1412
01:11:20.479 --> 01:11:23.239
who you are, no matter how long you've been doing it,

1413
01:11:23.359 --> 01:11:27.800
no matter how sophisticated you are, no matter your financial situation.

1414
01:11:28.680 --> 01:11:33.479
I can comfortably say that you will get some benefit

1415
01:11:33.560 --> 01:11:35.920
from spending an hour with these guys, just an hour

1416
01:11:35.960 --> 01:11:38.319
of your time total in your life. Give us a

1417
01:11:38.319 --> 01:11:40.960
call five two oh five four four four nine know nine,

1418
01:11:41.199 --> 01:11:43.640
Come in for your free financial plan if you haven't

1419
01:11:43.680 --> 01:11:45.479
done it already, you need to do it, and you

1420
01:11:45.520 --> 01:11:47.359
need to do it now. We'll be back right after

1421
01:11:47.439 --> 01:11:47.920
this break.

1422
01:11:48.159 --> 01:11:50.520
Welcome back to the Money Matter Show. My name is Toddlick.

1423
01:11:50.560 --> 01:11:54.439
I'm here with Dylan Greenberg, Sebastian Boorsini, and Dave Surewood.

1424
01:11:54.560 --> 01:11:56.800
This week we had the rates actually moved down a

1425
01:11:56.800 --> 01:11:59.560
little bit that thirty year Freddy mag mortgage REI I

1426
01:11:59.600 --> 01:12:02.680
saw six point three percent. That means good bar where

1427
01:12:02.680 --> 01:12:05.439
should probably get down to six percent, maybe even the

1428
01:12:05.479 --> 01:12:06.000
high five.

1429
01:12:06.119 --> 01:12:08.239
So, yeah, it depends you say good barrow's out. It's

1430
01:12:08.319 --> 01:12:10.159
credit and it's amount of down payment.

1431
01:12:09.920 --> 01:12:12.600
Right, right, there's two things that dictate that for sure.

1432
01:12:13.199 --> 01:12:15.640
Also now income, right, it's not even just credit. If

1433
01:12:15.680 --> 01:12:17.199
you have a lot of income coming in the door,

1434
01:12:17.399 --> 01:12:21.479
they're really friendly to you. Right, So it's probably a

1435
01:12:21.520 --> 01:12:24.920
three pronged approach now, But it's so hard to qualify.

1436
01:12:24.960 --> 01:12:28.239
That's why there's such a housing crisis. It's not just

1437
01:12:28.319 --> 01:12:32.119
credit anymore, right, I mean these people, if you're you're

1438
01:12:32.399 --> 01:12:34.359
self employed, you have to have three years worth of

1439
01:12:34.359 --> 01:12:37.159
income to even qualify. If you're a W two you

1440
01:12:37.199 --> 01:12:39.079
get a little better of a break, but still the

1441
01:12:39.199 --> 01:12:41.800
W two the loan to value at these certain valuations.

1442
01:12:41.840 --> 01:12:43.840
Just you got to be making more, right.

1443
01:12:44.600 --> 01:12:47.039
I spent nine years as a real estate lender before

1444
01:12:47.079 --> 01:12:50.520
I started into this business, and we always had a

1445
01:12:50.760 --> 01:12:53.880
entra there and that wash. If someone needs the money,

1446
01:12:53.960 --> 01:12:55.920
don't give it to them. You know, you want to

1447
01:12:55.960 --> 01:12:58.600
give it to people that did not necessarily need you know,

1448
01:12:58.600 --> 01:13:01.359
they got high income. Big down. I'd like to have

1449
01:13:01.439 --> 01:13:04.079
a mortgage, you know, if you really need the loan.

1450
01:13:04.239 --> 01:13:05.640
It's really not that we're looking for.

1451
01:13:06.039 --> 01:13:09.640
Yeah, but I just think again, the reason we have

1452
01:13:09.720 --> 01:13:12.159
this housing crisis is because people can't qualify with the

1453
01:13:12.199 --> 01:13:15.279
loan to value. That LTV that was really put at

1454
01:13:15.279 --> 01:13:17.800
a stringent mark after two thousand and eight for good reason,

1455
01:13:18.159 --> 01:13:21.239
has made it very difficult on people because inflation makes

1456
01:13:21.239 --> 01:13:22.840
these home prices just unattainable.

1457
01:13:22.960 --> 01:13:25.000
Well, if we hadn't misbehaved the last time where we

1458
01:13:25.079 --> 01:13:27.479
were left alone, we wouldn't need a babysitter, right.

1459
01:13:27.359 --> 01:13:29.439
Well, it was the It was the bankers that were

1460
01:13:29.439 --> 01:13:32.439
supposed to make sure we didn't be misbehaving themselves.

1461
01:13:32.560 --> 01:13:37.159
Actually, Wall Street trying to satisfy investor greed.

1462
01:13:37.319 --> 01:13:40.479
Well, you're buying cmos, you're buying crap and saying it's good.

1463
01:13:40.840 --> 01:13:43.279
And that was the problem. And the crap that was

1464
01:13:43.319 --> 01:13:45.159
made into those bond in the first place were issued

1465
01:13:45.199 --> 01:13:47.039
by bankers, and this should have never been approved in

1466
01:13:47.079 --> 01:13:49.439
the first place. This loan should have never been issued.

1467
01:13:49.520 --> 01:13:55.000
Right. But it's just a sationable, satiable appetite for mortgage securities.

1468
01:13:55.199 --> 01:13:57.600
It doesn't mean you walked the Wall Street could not

1469
01:13:58.119 --> 01:14:01.359
satisfy that appetite. Right. I'm going to talk a little bit.

1470
01:14:01.560 --> 01:14:04.079
In the first segment first hour, I talked about my

1471
01:14:04.159 --> 01:14:06.199
AI story. I want to say it again because some

1472
01:14:06.239 --> 01:14:08.319
people listen to the first hour, some to the second hour.

1473
01:14:08.520 --> 01:14:12.279
A lot of people don't. We talk about AI a lot.

1474
01:14:12.319 --> 01:14:14.720
We think about AI, we worry about AI. We think

1475
01:14:14.760 --> 01:14:16.920
about the good things that'll do, the bad things that'll do.

1476
01:14:17.279 --> 01:14:20.279
And I had a real life example last week that

1477
01:14:20.319 --> 01:14:23.039
I want to share with you. A client who has

1478
01:14:23.039 --> 01:14:26.760
a son who had a horrific car accident thirty three

1479
01:14:26.880 --> 01:14:30.199
years ago that left him a quadriplegic. He's currently in

1480
01:14:30.279 --> 01:14:34.760
TMC in intensive care fighting life threatening problems that frankly

1481
01:14:34.840 --> 01:14:37.680
are associated with someone who's been a quadriplegic for thirty

1482
01:14:37.720 --> 01:14:41.920
three years. TMC is a great hospital I've had two

1483
01:14:41.960 --> 01:14:45.720
open heart surgeries there. I've had all kinds of wonderful things, wonderful,

1484
01:14:45.720 --> 01:14:48.880
I had all kinds of good results. Yeah, how's that, Dylan,

1485
01:14:49.199 --> 01:14:51.600
I've got all kinds of good results there. So I'm

1486
01:14:51.600 --> 01:14:54.680
a big fan of TMC, regardless of what you think

1487
01:14:54.680 --> 01:14:59.439
about him. But the hospital staff, they don't run into

1488
01:14:59.479 --> 01:15:02.439
a lot of quadriplegics who have been quadriplegic for thirty

1489
01:15:02.479 --> 01:15:04.840
three years because frankly, they don't live that long typically.

1490
01:15:05.239 --> 01:15:09.600
So this young man, young wife's not young anymore. This son,

1491
01:15:09.960 --> 01:15:13.039
our client's son was in the intensive care fighting for

1492
01:15:13.079 --> 01:15:15.760
his life, and every day he would come in and

1493
01:15:15.800 --> 01:15:19.600
he would type his son's vital signs into his chat

1494
01:15:19.720 --> 01:15:22.520
GPT and they would tell him how his son's doing.

1495
01:15:22.840 --> 01:15:25.720
If the hospital would present him with a new medication,

1496
01:15:26.119 --> 01:15:28.199
he would look at the dosage, he would look at

1497
01:15:28.199 --> 01:15:29.880
the type of medication. He would put it in the

1498
01:15:30.000 --> 01:15:32.399
chat GPT and it would tell him what is used

1499
01:15:32.479 --> 01:15:36.840
for what the typical dosation. It was very helpful. At

1500
01:15:36.880 --> 01:15:40.720
one point, his son had a bowel obstruction, and bowel instructions,

1501
01:15:40.760 --> 01:15:43.079
of course, can be life threatening if they're not treated,

1502
01:15:43.520 --> 01:15:46.439
and treatment a I can't remember what treatment A was,

1503
01:15:46.520 --> 01:15:49.600
you know, actutive who knows what what treatment A was.

1504
01:15:49.880 --> 01:15:53.479
But then the hospital went straight to cost to me

1505
01:15:53.920 --> 01:15:58.319
as plan B. Well, cost to me is essentially you

1506
01:15:58.800 --> 01:16:02.960
are stuck with the bag and you uh go into

1507
01:16:02.960 --> 01:16:05.600
the you vacate into the bag, and then the bag

1508
01:16:05.680 --> 01:16:07.039
has to be empty and you're stuck with that for

1509
01:16:07.079 --> 01:16:09.680
the rest of your life. Our client went to chat

1510
01:16:09.720 --> 01:16:13.960
GPT and he told put in the circumstances and chat

1511
01:16:14.000 --> 01:16:17.239
GPT says, plan A is whatever the hospital did use

1512
01:16:17.359 --> 01:16:24.880
was correct. Plan B is and Plan C was the colostomy. Colostomy,

1513
01:16:24.960 --> 01:16:27.680
sorry about that. So that was planned C, not Plan B,

1514
01:16:27.800 --> 01:16:30.399
per chat GPT. So he went to the hospital staff

1515
01:16:30.399 --> 01:16:33.199
and he said, try this. This is plan B. They

1516
01:16:33.239 --> 01:16:35.800
tried it. It worked. A son did not have a

1517
01:16:35.920 --> 01:16:37.640
cost to me does not have to walk around the

1518
01:16:37.680 --> 01:16:39.560
bag for the rest of his life. I said to him,

1519
01:16:39.600 --> 01:16:44.000
I said, so chat GPT in your mind, chat GPT

1520
01:16:44.199 --> 01:16:46.279
saved your son's life. And he said, it's absolutely not

1521
01:16:46.439 --> 01:16:51.680
about it. He said, anyone that has a family member

1522
01:16:52.039 --> 01:16:56.520
that's undergoing medical issues, if you don't use chat GPT,

1523
01:16:57.279 --> 01:17:00.000
you're not using all the resources available to you.

1524
01:17:00.119 --> 01:17:03.760
AI has another crazy capability that really started this whole

1525
01:17:03.800 --> 01:17:07.560
thing with the deep mind of Google. That team is

1526
01:17:07.560 --> 01:17:09.720
a very smart team. They beat the best go player

1527
01:17:09.720 --> 01:17:13.199
in the world a very complex chess like game, and

1528
01:17:13.239 --> 01:17:16.000
they did something else with that same algorithm, and they

1529
01:17:16.039 --> 01:17:19.039
were able to fold a protein. And folding proteins was

1530
01:17:19.119 --> 01:17:23.119
an ancient, long scientific problem that nobody was able to solve,

1531
01:17:23.560 --> 01:17:27.039
and this algorithm was able to do it, and that

1532
01:17:27.079 --> 01:17:31.439
the creator of algorithm won the Nobel Peace Prize whatever

1533
01:17:31.479 --> 01:17:34.560
the scientific prize is right, because it's such a breakthrough,

1534
01:17:34.880 --> 01:17:38.000
and I just saw this week that there's new capabilities

1535
01:17:38.000 --> 01:17:42.520
with those protein folding synthesizers, and the level of new

1536
01:17:42.600 --> 01:17:45.039
medicine that can be made, the new simulations that can

1537
01:17:45.079 --> 01:17:49.560
actually be modeled, the new breakthroughs in healthcare because of

1538
01:17:49.600 --> 01:17:54.840
AI is vastly under imagined. Because it's very hard to

1539
01:17:55.680 --> 01:17:59.399
even comprehend it. There's going to be a lot longer

1540
01:17:59.439 --> 01:18:02.239
life expect can see that most people realize, because there's

1541
01:18:02.319 --> 01:18:05.359
drugs that we've never even heard of. Even the smartest

1542
01:18:05.359 --> 01:18:07.920
scientists don't even know how to create right now, because

1543
01:18:07.960 --> 01:18:10.680
like you said, the greatest ideas will probably come from

1544
01:18:10.680 --> 01:18:14.000
AI himself telling humans to try it and then that

1545
01:18:14.079 --> 01:18:15.000
try leads to a.

1546
01:18:14.920 --> 01:18:18.600
Breakthrough I have every I think medicine probably will be

1547
01:18:18.640 --> 01:18:21.760
the big winner in AI, above almost anything.

1548
01:18:21.800 --> 01:18:25.479
I think potentially also energy though you know, energy has

1549
01:18:25.560 --> 01:18:28.119
just as well a level of impact on society as

1550
01:18:28.159 --> 01:18:31.800
healthcare because energy feeds into healthcare, right, and if we

1551
01:18:31.840 --> 01:18:36.520
could solve a nuclear fission like problem with AI, I mean, boom,

1552
01:18:36.640 --> 01:18:39.520
we got We're off to the races. Yeah, so there's

1553
01:18:39.800 --> 01:18:42.920
I think, if not healthcare, energy, for me, those are

1554
01:18:42.920 --> 01:18:44.039
the definitely top two.

1555
01:18:44.760 --> 01:18:47.359
I think the point of this is there's an awfully

1556
01:18:47.319 --> 01:18:50.279
a lot of positive things that can come out of

1557
01:18:50.319 --> 01:18:54.000
this along with some negative thing that there's not a

1558
01:18:54.000 --> 01:18:56.399
week goes by that my wife doesn't send me something

1559
01:18:56.479 --> 01:19:00.960
off of the Internet that she saw that is just shocking. Well,

1560
01:19:01.000 --> 01:19:03.720
you want one of the night I get that's just shocking,

1561
01:19:03.760 --> 01:19:06.680
and I always go to Chad GPC and find out, no,

1562
01:19:06.720 --> 01:19:07.720
it's not true.

1563
01:19:08.079 --> 01:19:10.039
Oh, I'll tell you one of the shocking crazy things

1564
01:19:10.039 --> 01:19:12.720
that AI can do. There's this company. I read this

1565
01:19:12.840 --> 01:19:16.560
article that this girl realized that her ex husband had

1566
01:19:16.720 --> 01:19:21.399
forty people that she knew, including herself, of fake generated

1567
01:19:21.560 --> 01:19:25.399
pornography by AI with her face and her friend's faces

1568
01:19:25.439 --> 01:19:29.760
on it, and there's Chinese based AI companies that don't

1569
01:19:29.800 --> 01:19:33.239
care about regulations that'll allow you to do this, and

1570
01:19:33.399 --> 01:19:38.560
it's a very under understood area. Just like in any technology,

1571
01:19:38.560 --> 01:19:40.119
there's good and there's a lot of bad, and a

1572
01:19:40.159 --> 01:19:41.640
lot of people don't like to talk about the bad.

1573
01:19:42.079 --> 01:19:45.439
But the AI level of stuff that they can do

1574
01:19:45.680 --> 01:19:49.560
with bad things like pornography is very scary. You can

1575
01:19:49.600 --> 01:19:53.079
make at this point, very realistic videos that you will

1576
01:19:53.079 --> 01:19:55.079
not be able to tell whether they're real or not.

1577
01:19:55.640 --> 01:19:59.520
And so for those bad actors in the world, that's

1578
01:19:59.520 --> 01:20:03.439
what's scary, right, the fake generation, the scams that can

1579
01:20:03.479 --> 01:20:07.359
be created. There's a lot of scary things along that line.

1580
01:20:07.079 --> 01:20:10.840
No question, and I think having some software to police

1581
01:20:10.880 --> 01:20:12.840
Dad is going to be important. Jalen talked about that

1582
01:20:12.880 --> 01:20:13.720
in the first segment.

1583
01:20:13.920 --> 01:20:15.640
I just realized this too about the article. This was

1584
01:20:15.680 --> 01:20:17.960
a very interesting point that the lady said, there's no

1585
01:20:18.159 --> 01:20:21.800
law that says that he broke any law by doing that,

1586
01:20:22.600 --> 01:20:25.439
because he didn't disseminate it, he didn't like spread it.

1587
01:20:26.159 --> 01:20:30.399
So the laws aren't made for this, right, the regulators

1588
01:20:30.439 --> 01:20:32.560
are behind You need a law that says you're not

1589
01:20:32.600 --> 01:20:35.279
allowed to do that, But there's really nothing says that

1590
01:20:35.359 --> 01:20:38.800
you can't. Right, the photoshop isn't a crime, right, that's

1591
01:20:38.880 --> 01:20:40.560
kind of what it is right now, until you say

1592
01:20:41.079 --> 01:20:44.000
you can't use someone's likeness on your own computer. Right now,

1593
01:20:44.039 --> 01:20:46.800
you know you can't disseminate someone's on likeness without their approval.

1594
01:20:47.119 --> 01:20:49.520
But what if you don't disseminate it? Is that even

1595
01:20:49.600 --> 01:20:51.279
breaking a law? And that's what she said. They're trying

1596
01:20:51.279 --> 01:20:52.720
to bring it to law, but they can't. There's no

1597
01:20:52.840 --> 01:20:56.800
law they broke. So AI is so far advanced beyond

1598
01:20:56.800 --> 01:20:59.920
even the judicial system, and regulators are so far behind

1599
01:21:00.520 --> 01:21:03.159
and AI still advancing. So it's just that gap is

1600
01:21:03.199 --> 01:21:05.279
going to expand more and more and more and we're

1601
01:21:05.279 --> 01:21:07.119
not going to have the laws we're really going to need.

1602
01:21:07.920 --> 01:21:10.960
Well, they were think an awfully a lot of Warren

1603
01:21:11.000 --> 01:21:16.319
Buffett and his investment expertise, and we talk about his

1604
01:21:16.439 --> 01:21:19.359
performance over a long period of time has been as

1605
01:21:19.359 --> 01:21:22.479
good as anyone ever in history. And then we look

1606
01:21:22.479 --> 01:21:26.439
at Occidental Petroleum and we scratch our head. Warren has

1607
01:21:26.880 --> 01:21:30.760
been a long time holder of Occidental Petroleum, even though

1608
01:21:30.800 --> 01:21:34.079
the stock is thirty five percent below where it was

1609
01:21:34.159 --> 01:21:37.760
ten years ago. On Thursday, he has company Berkshire Hathaway

1610
01:21:37.760 --> 01:21:43.079
announced it was buying the petrochemical division for ten billion

1611
01:21:43.359 --> 01:21:46.720
dollars in cash, and the stock responded by dropping another

1612
01:21:46.720 --> 01:21:50.680
four percent. So it's forty percent below where it was

1613
01:21:50.960 --> 01:21:53.800
ten years ago. And Warren just keeps buying now. In

1614
01:21:53.880 --> 01:21:56.760
fairness to him, it's not one of his top five holdings,

1615
01:21:57.079 --> 01:21:59.680
but they've got a pretty good stake in Occidental Petroleum.

1616
01:22:00.079 --> 01:22:01.720
Wonder why he keeps buying it though.

1617
01:22:02.159 --> 01:22:05.840
And again, for years we've been wondering, Dylan. Yeah, and

1618
01:22:05.920 --> 01:22:07.399
for years it has done nothing well.

1619
01:22:07.439 --> 01:22:08.880
It seems like they're just going more and more into

1620
01:22:08.920 --> 01:22:11.039
They might eventually try and buy it all, but just

1621
01:22:11.119 --> 01:22:12.520
keep going more and more into.

1622
01:22:12.359 --> 01:22:14.359
It, even if they don't anybody cares.

1623
01:22:14.479 --> 01:22:16.760
That's what I'm saying. I don't really, I don't understand it.

1624
01:22:16.840 --> 01:22:19.600
But or they sell it for a loss at one point,

1625
01:22:19.960 --> 01:22:21.119
and maybe you like to give it.

1626
01:22:22.600 --> 01:22:28.119
I'm not even sure what the dibod end is on three. Yeah,

1627
01:22:28.279 --> 01:22:30.560
it's not gonna be a big dividend. A little a

1628
01:22:30.600 --> 01:22:33.479
little shout out to a Sebastian I'm Alwaist picking on him.

1629
01:22:33.640 --> 01:22:37.159
Uh Celsius holding the energy drink makers more than doubled

1630
01:22:37.239 --> 01:22:39.720
this year, and and the reason for that is because

1631
01:22:39.760 --> 01:22:42.439
they bought that Alta New and he and when they

1632
01:22:42.439 --> 01:22:45.479
did that, Alani knew. When they bought that Alani New

1633
01:22:45.479 --> 01:22:49.119
power drink, Sebastian said, this is a game changer, and

1634
01:22:49.159 --> 01:22:51.359
we all kind of rolled our eyes and whatever. Uh,

1635
01:22:52.079 --> 01:22:55.399
it's been amazing. What's happened to that stock? Morgan Stanley

1636
01:22:55.479 --> 01:22:58.640
finally cided that now it's time to buy the stock

1637
01:22:59.399 --> 01:23:02.239
they raised. Yeah, they it's doubled. They raised it from

1638
01:23:02.279 --> 01:23:05.960
a whole to a buy. Uh. So they sat out

1639
01:23:06.000 --> 01:23:08.760
the first hundred percent and now they're going to get

1640
01:23:08.760 --> 01:23:10.840
in there and and load up on it at the

1641
01:23:10.840 --> 01:23:14.319
investment banks. At Celsius is revenue is due to accelerate

1642
01:23:14.399 --> 01:23:18.640
more than the street expects. And that stock was dropping

1643
01:23:18.800 --> 01:23:21.920
like a rock until they bought that Alani New and

1644
01:23:21.960 --> 01:23:25.159
I remember Sebastian saying, this is the big deal, and

1645
01:23:25.439 --> 01:23:27.680
we all kind of rolled our eyes. Yeah, whatever, Speccion,

1646
01:23:28.199 --> 01:23:29.239
go back to whatever you're doing.

1647
01:23:30.720 --> 01:23:31.560
That's what you said.

1648
01:23:31.760 --> 01:23:34.399
Yeah, occidentals dividend yield is.

1649
01:23:40.800 --> 01:23:44.800
Have a good dividend war. What do you know? No

1650
01:23:45.399 --> 01:23:48.319
one did well? Because they're about to Trump's about to

1651
01:23:48.359 --> 01:23:51.279
back off on the g L p one stuff. Right. Uh,

1652
01:23:52.079 --> 01:23:57.880
it's uh he seems to anyway, that's what it was about. Uh. Anyway,

1653
01:23:57.920 --> 01:23:59.960
we'll be back after this break. We'll talk more about

1654
01:23:59.960 --> 01:24:02.560
the next SECD because I got a little stuff on it.

1655
01:24:02.640 --> 01:24:04.800
We'll be back. Thanks again for listening to us.

1656
01:24:05.239 --> 01:24:07.159
Welcome back to the Money Matter Show. My name is

1657
01:24:07.199 --> 01:24:10.520
Todd Lick. I'm here with Dylan Greenberg, Sebastian Boorsini, and

1658
01:24:10.680 --> 01:24:12.880
Dave sure Would. This week we have the rates that

1659
01:24:12.920 --> 01:24:15.880
actually moved down a little bit. The thirty year Freddy

1660
01:24:15.960 --> 01:24:17.720
mag mortgage rey I saw is now at six point

1661
01:24:17.800 --> 01:24:20.279
three percent. That means good bar where you could probably

1662
01:24:20.279 --> 01:24:23.079
get down to six percent, maybe even the high five.

1663
01:24:23.199 --> 01:24:25.880
So yeah, the dependents you say, goodbarrow, we're it's credit and.

1664
01:24:26.520 --> 01:24:29.079
Down payment r right, there's two things that dictate that

1665
01:24:29.199 --> 01:24:32.479
for sure. Also now income, right, it's not even just credit.

1666
01:24:32.600 --> 01:24:34.279
If you have a lot of income coming in the door,

1667
01:24:34.479 --> 01:24:38.560
they're really friendly to you, right, So it's probably a

1668
01:24:38.600 --> 01:24:42.000
three pronged approach now, but it's so hard to qualify.

1669
01:24:42.039 --> 01:24:45.319
That's why there's such a housing crisis. It's not just

1670
01:24:45.399 --> 01:24:49.199
credit anymore, right, I mean these people, if you're you're

1671
01:24:49.479 --> 01:24:51.439
self employed, you have to have three years worth of

1672
01:24:51.439 --> 01:24:54.279
income to even qualify. If you're a W two, you

1673
01:24:54.279 --> 01:24:56.199
get a little better of a break, but still the

1674
01:24:56.279 --> 01:24:58.880
W two, the loan to value at these certain valuations

1675
01:24:58.960 --> 01:25:00.600
just you gotta be it more.

1676
01:25:00.960 --> 01:25:04.119
I spent nine years as a real estate lender before

1677
01:25:04.159 --> 01:25:07.600
I started into this business, and we always had a

1678
01:25:07.720 --> 01:25:11.039
maentra there, and that was, if someone needs the money,

1679
01:25:11.039 --> 01:25:13.000
don't give it to them. You know, you want to

1680
01:25:13.039 --> 01:25:15.520
give it to people that did not necessarily need it.

1681
01:25:15.520 --> 01:25:18.119
You know, they got high income, big down payment. I'd

1682
01:25:18.199 --> 01:25:20.239
like to have a mortgage, you know, if you really

1683
01:25:20.319 --> 01:25:22.760
need the loan. It's really not that we're looking for.

1684
01:25:23.119 --> 01:25:26.720
Yeah, but I just think again, the reason we have

1685
01:25:26.800 --> 01:25:29.279
this housing crisis is because people can't qualify with the

1686
01:25:29.279 --> 01:25:32.319
loan to value. That LTV that was really put at

1687
01:25:32.359 --> 01:25:34.319
a string at mark after two thousand and eight for

1688
01:25:34.359 --> 01:25:37.600
good reason, has made it very difficult on people because

1689
01:25:37.600 --> 01:25:39.920
inflation makes these home prices just unattainable.

1690
01:25:40.039 --> 01:25:42.239
Well, if we hadn't misbehaved the last time where we're

1691
01:25:42.319 --> 01:25:45.039
left alone, we wouldn't need a babysitter, right, Well.

1692
01:25:44.840 --> 01:25:46.880
It was the it was the bakers that were supposed

1693
01:25:46.880 --> 01:25:49.520
to make sure we didn't be misbehaving themselves.

1694
01:25:49.640 --> 01:25:54.239
Actually, Wall Street to trying to satisfy investor greed.

1695
01:25:54.399 --> 01:25:57.560
Well, you're buying cmos, you're buying crap and saying it's good.

1696
01:25:57.920 --> 01:26:00.399
And that was the problem. And the crap that was

1697
01:26:00.399 --> 01:26:02.279
made into those bond in the first place were issued

1698
01:26:02.279 --> 01:26:04.159
by bankers, and this should have never been approved in

1699
01:26:04.159 --> 01:26:06.520
the first place. Loan should have never been issued.

1700
01:26:06.600 --> 01:26:12.039
Right, So it's just a sationable, satiable appetite for mortgage securities.

1701
01:26:12.399 --> 01:26:16.840
Doesn't mean Waree Wall Street could not satisfy that appetite. Right.

1702
01:26:17.199 --> 01:26:19.079
I'm going to talk a little bit. In the first

1703
01:26:19.079 --> 01:26:21.880
segment first hour, I talked about my AI story. I

1704
01:26:21.920 --> 01:26:23.960
want to say it again because some people listen to

1705
01:26:24.000 --> 01:26:25.800
the first hour, some to the second hour. A lot

1706
01:26:25.840 --> 01:26:29.520
of people don't. We talk about AI a lot. We

1707
01:26:29.520 --> 01:26:32.079
think about AI, we worry about AI. We think about

1708
01:26:32.079 --> 01:26:34.000
the good things that'll do, the bad things that'll do.

1709
01:26:34.359 --> 01:26:37.359
And I had a real life example last week that

1710
01:26:37.399 --> 01:26:40.119
I want to share with you. A client who has

1711
01:26:40.119 --> 01:26:43.800
a son who had a horrific car accident thirty three

1712
01:26:43.960 --> 01:26:47.279
years ago that left him a quadriplegic. He's currently in

1713
01:26:47.399 --> 01:26:51.880
TMC in intensive care, fighting life threatening problems that frankly,

1714
01:26:51.920 --> 01:26:54.760
are associated with someone who's been a quadriplegic for thirty

1715
01:26:54.800 --> 01:26:59.000
three years. TMC is a great hospital. I've had two

1716
01:26:59.039 --> 01:27:02.800
open heart surgeries, I've had all kinds of wonderful things, wonderful.

1717
01:27:02.840 --> 01:27:05.960
I've had all kinds of good results. How's that, dyling,

1718
01:27:06.319 --> 01:27:08.680
I've had all kinds of good results there. So I'm

1719
01:27:08.720 --> 01:27:11.760
a big fan of TMC, regardless of what you think

1720
01:27:11.800 --> 01:27:16.479
about him. But the hospital staff, they don't run into

1721
01:27:16.560 --> 01:27:19.520
a lot of quadriplegics who have been quadriplegic for thirty

1722
01:27:19.560 --> 01:27:21.920
three years because, frankly, they don't live that long typically.

1723
01:27:22.319 --> 01:27:25.279
So this young man young will he's not young anymore.

1724
01:27:25.319 --> 01:27:29.319
This son, our client's son was in the intensive care

1725
01:27:29.640 --> 01:27:32.600
fighting for his life, and every day he would come

1726
01:27:32.600 --> 01:27:35.239
in and he would type his son's vital signs into

1727
01:27:35.319 --> 01:27:38.920
his chat GPT and they would tell him how his

1728
01:27:39.000 --> 01:27:41.960
son's doing. If the hospital would present him with a

1729
01:27:42.039 --> 01:27:45.000
new medication, he would look at the dosage, he would

1730
01:27:45.039 --> 01:27:46.800
look at the type of medication. He would put it

1731
01:27:46.840 --> 01:27:49.000
in the chat GPT and it would tell him what

1732
01:27:49.079 --> 01:27:53.319
is used for what the typical dosation. It was very helpful.

1733
01:27:53.760 --> 01:27:56.960
At one point his son had a bowel obstruction and

1734
01:27:57.000 --> 01:27:59.479
battle instructions of course can be life threatening if they're

1735
01:27:59.520 --> 01:28:03.079
not treating and treatment A. I can't remember what treatment

1736
01:28:03.119 --> 01:28:06.239
A was, you know, actutive who knows what what treatment

1737
01:28:06.239 --> 01:28:10.319
A was. But then the hospital went straight to cost

1738
01:28:10.319 --> 01:28:15.079
toys as plan B. Well, cost to me is essentially

1739
01:28:15.319 --> 01:28:19.720
you are stuck with the bag and you uh go

1740
01:28:19.800 --> 01:28:22.399
into the you vacate into the bag, and then the

1741
01:28:22.439 --> 01:28:24.000
bag has to be empty and you're stuck with that

1742
01:28:24.079 --> 01:28:26.359
for the rest of your life. Our client went to

1743
01:28:26.479 --> 01:28:30.640
chat GPT and he told put in the circumstances and

1744
01:28:30.760 --> 01:28:34.079
chat GPT says, plan A is. Whatever the hospital did

1745
01:28:34.199 --> 01:28:38.359
use was correct. Plan B is and Plan C was

1746
01:28:38.399 --> 01:28:43.520
the call colostomy colostomy. Sorry about that. So that was

1747
01:28:43.560 --> 01:28:46.439
planned C, not Plan B, per chat GPT. So he

1748
01:28:46.479 --> 01:28:48.720
went to the hospital staff and he said, try this.

1749
01:28:48.720 --> 01:28:50.960
This is plan B. They tried it.

1750
01:28:50.960 --> 01:28:51.479
It worked.

1751
01:28:51.800 --> 01:28:53.720
The son did not have a cost to me, does

1752
01:28:53.720 --> 01:28:55.359
not have to walk around the bag for the rest

1753
01:28:55.399 --> 01:28:57.319
of his life. I said to him, I said, so

1754
01:28:58.199 --> 01:29:02.239
chat GPT in your mind, chat GPT shaped your son's life,

1755
01:29:02.279 --> 01:29:05.239
And he said, I absolutely thought about it. He said,

1756
01:29:06.079 --> 01:29:11.359
anyone that has a family member that's undergoing medical issues.

1757
01:29:11.720 --> 01:29:15.359
If you don't use chat GPT, you're not using all

1758
01:29:15.399 --> 01:29:16.760
the resources available to you.

1759
01:29:17.159 --> 01:29:20.840
AI has another crazy capability that really started this whole

1760
01:29:20.880 --> 01:29:24.640
thing with the deep mind of Google. That team is

1761
01:29:24.640 --> 01:29:26.800
a very smart team. They beat the best go player

1762
01:29:26.800 --> 01:29:30.279
in the world a very complex chess like game, and

1763
01:29:30.359 --> 01:29:33.119
they did something else with that same algorithm, and they

1764
01:29:33.119 --> 01:29:36.119
were able to fold a protein. And folding proteins was

1765
01:29:36.199 --> 01:29:40.239
an ancient, long scientific problem that nobody was able to solve,

1766
01:29:40.640 --> 01:29:44.119
and this algorithm was able to do it, and that

1767
01:29:44.159 --> 01:29:48.560
the creator of algorithm won the Nobel Peace Prize whatever

1768
01:29:48.560 --> 01:29:51.680
the scientific prize is right because it's such a breakthrough.

1769
01:29:51.960 --> 01:29:55.079
And I just saw this week that there's new capabilities

1770
01:29:55.079 --> 01:29:59.560
with those protein folding synthesizers and the level of new

1771
01:29:59.640 --> 01:30:01.960
medicine and that can be made, the new simulations that

1772
01:30:02.000 --> 01:30:06.560
can actually be modeled, the new breakthroughs in healthcare because

1773
01:30:06.600 --> 01:30:11.520
of AI is vastly under it imagined, because it's very

1774
01:30:11.520 --> 01:30:15.840
hard to even comprehend it. There's going to be a

1775
01:30:15.880 --> 01:30:19.319
lot longer life expectancy than most people realize because there's

1776
01:30:19.399 --> 01:30:22.439
drugs that we've never even heard of. Even the smartest

1777
01:30:22.439 --> 01:30:25.000
scientists don't even know how to create right now, because

1778
01:30:25.079 --> 01:30:27.720
like you said, the greatest ideas will probably come from

1779
01:30:27.760 --> 01:30:31.079
AI himself telling humans to try it, and then that

1780
01:30:31.159 --> 01:30:32.520
try leads to a breakthrough.

1781
01:30:32.840 --> 01:30:35.800
I have every I think medicine probably will be the

1782
01:30:35.800 --> 01:30:38.840
big winner in AI, above almost anything.

1783
01:30:38.920 --> 01:30:42.560
I think potentially also energy, though you know energy has

1784
01:30:42.640 --> 01:30:45.239
just as well a level of impact on society. It's

1785
01:30:45.239 --> 01:30:48.880
healthcare because energy feeds into healthcare, right, and if we

1786
01:30:48.920 --> 01:30:53.640
could solve a nuclear fission like problem with AI, I mean, boom,

1787
01:30:53.720 --> 01:30:56.600
we got, We're off to the races. Yeah, so there's

1788
01:30:56.880 --> 01:30:59.840
I think, if not health care, energy, for me, those

1789
01:30:59.840 --> 01:31:01.159
are the definitely top two.

1790
01:31:01.840 --> 01:31:04.439
I think the point of this is there's an awfully

1791
01:31:04.439 --> 01:31:07.359
a lot of positive things that can come out of

1792
01:31:07.399 --> 01:31:11.079
this along with some negative thing that there's not a

1793
01:31:11.079 --> 01:31:13.479
week goes by that my wife doesn't send me something

1794
01:31:13.560 --> 01:31:16.640
off of the internet that she saw that he is

1795
01:31:16.840 --> 01:31:18.960
just shocking. Well, you want one of the night I

1796
01:31:18.960 --> 01:31:22.640
get that's just shocking, and I always go to chat

1797
01:31:22.720 --> 01:31:24.800
GPC and find out, no, it's not true.

1798
01:31:25.159 --> 01:31:27.079
Oh, I'll tell you one of the shocking crazy things

1799
01:31:27.119 --> 01:31:29.840
that AI can do. There's this company. I've read this

1800
01:31:29.920 --> 01:31:33.640
article that this girl realized that her ex husband had

1801
01:31:33.800 --> 01:31:38.479
forty people that she knew, including herself, of fake generated

1802
01:31:38.640 --> 01:31:42.479
pornography by AI with her face and her friend's faces

1803
01:31:42.520 --> 01:31:46.880
on it. And there's Chinese based AI companies that don't

1804
01:31:46.880 --> 01:31:50.359
care about regulations that'll allow you to do this, and

1805
01:31:50.479 --> 01:31:55.640
it's a very under understood area. Just like in any technology,

1806
01:31:55.640 --> 01:31:57.199
there's good and there's a lot of bad, and a

1807
01:31:57.239 --> 01:31:58.720
lot of people don't like to talk about the bad.

1808
01:31:59.159 --> 01:32:02.520
But the AI level of stuff that that can do

1809
01:32:02.760 --> 01:32:06.680
with bad things like pornography is very scary. You can

1810
01:32:06.680 --> 01:32:10.159
make at this point, very realistic videos that you will

1811
01:32:10.199 --> 01:32:12.159
not be able to tell whether they're real or not.

1812
01:32:12.720 --> 01:32:16.640
And so for those bad actors in the world, that's

1813
01:32:16.680 --> 01:32:20.560
what's scary, right, the fake generation, the scams that can

1814
01:32:20.600 --> 01:32:24.359
be created. There's a lot of scary things along that line.

1815
01:32:24.159 --> 01:32:27.920
No question, and I think having some software to police

1816
01:32:27.960 --> 01:32:29.840
Dad is going to be important. Jal And talked about

1817
01:32:29.840 --> 01:32:30.760
that in the first segment.

1818
01:32:31.000 --> 01:32:32.760
I just realized this too about the article. This was

1819
01:32:32.760 --> 01:32:35.039
a very interesting point that the lady said, there's no

1820
01:32:35.239 --> 01:32:38.640
law that says that he broke any law by doing

1821
01:32:38.680 --> 01:32:42.520
that because he didn't disseminate it. He didn't like spread it.

1822
01:32:43.279 --> 01:32:47.520
So the laws aren't made for this, right, the regulators

1823
01:32:47.520 --> 01:32:49.640
are behind. You need a law that says you're not

1824
01:32:49.680 --> 01:32:52.399
allowed to do that, but there's really nothing says that

1825
01:32:52.439 --> 01:32:55.680
you can't, right, like the photoshop isn't a crime, right,

1826
01:32:55.720 --> 01:32:57.399
that's kind of what it is right now, until you

1827
01:32:57.439 --> 01:33:01.079
say you can't use someone's likeness on your own. Right now,

1828
01:33:01.119 --> 01:33:03.920
you know you can't disseminate someone's on likeness without the approval,

1829
01:33:04.199 --> 01:33:06.560
But what if you don't disseminate it? Is that even

1830
01:33:06.680 --> 01:33:08.359
breaking a law? And that's what she said. They're trying

1831
01:33:08.399 --> 01:33:09.840
to bring it to law, but they can't. There's no

1832
01:33:09.920 --> 01:33:13.880
law they broke. So AI is so far advanced beyond

1833
01:33:13.920 --> 01:33:17.039
even the judicial system, and regulators are so far behind,

1834
01:33:17.600 --> 01:33:20.279
and AI is still advancing. So it's just that gap is

1835
01:33:20.279 --> 01:33:22.359
going to expand more and more and more, and we're

1836
01:33:22.359 --> 01:33:24.199
not going to have the laws we're really going to need.

1837
01:33:25.000 --> 01:33:28.039
Well, they were think an awfully a lot of Warren

1838
01:33:28.119 --> 01:33:32.960
Buffett and his investment to expertise, and we talk about

1839
01:33:33.279 --> 01:33:36.239
his performance over a long period of time has been

1840
01:33:36.279 --> 01:33:39.319
as good as anyone ever in history. And then we

1841
01:33:39.359 --> 01:33:43.199
look at Occidental Petroleum and we scratch our head. Warren

1842
01:33:43.319 --> 01:33:47.640
has been a long time holder of Occidental Petroleum, even

1843
01:33:47.640 --> 01:33:50.920
though the stock is thirty five percent below where it

1844
01:33:51.079 --> 01:33:54.399
was ten years ago. On Thursday, he has company Berkshire

1845
01:33:54.399 --> 01:33:59.279
Hathaway announced it was buying the petrochemical division for ten

1846
01:33:59.640 --> 01:34:03.319
billion dollars in cash, and the stock responded by dropping

1847
01:34:03.479 --> 01:34:07.640
another four percent. So it's forty percent below where it

1848
01:34:07.680 --> 01:34:10.720
was ten years ago, and Warren just keeps buying now.

1849
01:34:10.760 --> 01:34:13.079
In fairness to him, it's not one of his top

1850
01:34:13.079 --> 01:34:15.640
five holdings, but they've got a pretty good stake in

1851
01:34:15.720 --> 01:34:16.760
Occidental Petroleum.

1852
01:34:16.840 --> 01:34:18.760
It makes you wonder why he keeps buying it though.

1853
01:34:19.239 --> 01:34:22.920
And again for years we've been wondering, Dylan. Yeah, and

1854
01:34:23.000 --> 01:34:24.479
for years it has done nothing well.

1855
01:34:24.520 --> 01:34:25.960
It seems like they're just going more and more into

1856
01:34:26.000 --> 01:34:28.119
They might eventually try and buy it all, but just

1857
01:34:28.199 --> 01:34:29.680
keep going more and more into.

1858
01:34:29.479 --> 01:34:31.920
It, even if they do. Anybody care, That's.

1859
01:34:31.760 --> 01:34:33.840
What I'm saying. I don't really, I don't understand it.

1860
01:34:33.920 --> 01:34:36.600
But or they sell it for a loss at one point,

1861
01:34:37.239 --> 01:34:38.359
maybe you like to give it then.

1862
01:34:39.680 --> 01:34:45.199
I'm not even sure what the dividend is on three three. Yeah,

1863
01:34:45.359 --> 01:34:47.960
it's not gonna be a big dividend. A little little

1864
01:34:47.960 --> 01:34:50.560
shout out to a Sebastian, I'm alwaist picking on him.

1865
01:34:51.199 --> 01:34:54.319
Celsius Holdings, the energy drink maker, is more than doubled

1866
01:34:54.319 --> 01:34:56.960
this year, and the reason for that is because they

1867
01:34:57.000 --> 01:34:59.319
bought that a lot a New and he and when

1868
01:34:59.319 --> 01:35:02.319
they did that, Alani knew. When they bought that Alani

1869
01:35:02.399 --> 01:35:05.680
New power drink, Sebastian said, this is a game changer,

1870
01:35:06.079 --> 01:35:09.000
and we all kind of rolled our eyes and whatever. Uh,

1871
01:35:09.159 --> 01:35:12.479
it's been amazing what's happened to that stock. Morgan Stanley

1872
01:35:12.560 --> 01:35:15.439
finally cited that that's now it's time to buy the

1873
01:35:15.439 --> 01:35:19.079
stock they raised. Yeah, they RAI it's doubled. They raised

1874
01:35:19.119 --> 01:35:21.880
it from a hole to a buy. Uh. So they

1875
01:35:22.600 --> 01:35:25.520
sat out their first hundred percent and now they're going

1876
01:35:25.600 --> 01:35:27.760
to get in there and and load up on it.

1877
01:35:27.760 --> 01:35:30.600
At the investment Bank said Celsius is revenue is due

1878
01:35:30.640 --> 01:35:34.920
to accelerate more than the street expects, and that stock

1879
01:35:35.119 --> 01:35:37.840
was dropping like a rock until they bought that Elani

1880
01:35:37.960 --> 01:35:41.119
New and I remember Sebastian saying this is the big deal,

1881
01:35:41.800 --> 01:35:44.760
and we all kind of rolled our eyes. Yeah, whatever, spashion,

1882
01:35:45.319 --> 01:35:46.199
go back to whatever.

1883
01:35:46.000 --> 01:35:48.640
You're doingccidentals, that's what you said.

1884
01:35:48.840 --> 01:35:51.600
Yeah, occidentals dividend yield is two.

1885
01:35:57.520 --> 01:35:58.640
Doesn't have a good dividend.

1886
01:35:59.039 --> 01:35:59.920
I don't know more.

1887
01:36:00.119 --> 01:36:03.439
What do you know, No, no one did well because

1888
01:36:03.439 --> 01:36:06.039
they're about to Trump's about to back off on the

1889
01:36:06.079 --> 01:36:10.439
g l P one stuff. Right. Uh, it's a he

1890
01:36:10.520 --> 01:36:14.000
seems anyway where That's what it was about.

1891
01:36:14.239 --> 01:36:14.399
Uh.

1892
01:36:14.600 --> 01:36:16.920
Anyway, we'll be back after this break. We'll talk more

1893
01:36:16.920 --> 01:36:19.439
about the next segment because I got a little stuff

1894
01:36:19.439 --> 01:36:21.640
on it. We'll be back. Thanks again for listening to us.