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Why Wealthy Investors Refuse to Sell Their Tech Stocks · Earn Your Leisure

• 0:00
  Speaker 1: What is stocks? Is it time to sell? I know
• 0:04
  Speaker 1: that after that? Right, so is it time to sell
• 0:09
  Speaker 1: the stocks? Because they say something like selling may walk away?
• 0:15
  Speaker 2: Spelling man go away?
• 0:16
  Speaker 1: So being at stocks are currently right now at its
• 0:19
  Speaker 1: all time high across the board for the most part,
• 0:24
  Speaker 1: is it time to walk away? Exit stage left?
• 0:28
  Speaker 3: No? I know. Gary Shillen said amazing economents that the
• 0:32
  Speaker 3: market could fall thirty percent per year. When I was
• 0:35
  Speaker 3: watching the conversation that Milking Institute, right, the one thing
• 0:38
  Speaker 3: I noticed is that when and you guys have been
• 0:41
  Speaker 3: too DeVos and the conversations that I've had and ascertained
• 0:46
  Speaker 3: they only most people only tell you about selling when
• 0:50
  Speaker 3: it's media time. Privately, has Robert Smith like when he
• 0:54
  Speaker 3: tried to sell you the agent, did he ever say, Man,
• 0:57
  Speaker 3: I'm about to get rid of this equity.
• 1:00
  Speaker 2: It doesn't happen. Put this in chat.
• 1:02
  Speaker 3: The only people who tell you to sell are those
• 1:05
  Speaker 3: who want you to be broke. No wealthy investor or
• 1:10
  Speaker 3: any investor who's any good is telling you to get
• 1:12
  Speaker 3: rid of the entire landscape of investing. You have a
• 1:16
  Speaker 3: gentic that is still untapped. Anthropic is doing thirty billion
• 1:21
  Speaker 3: a year for those who don't know. That is a
• 1:22
  Speaker 3: gigantic number. They haven't even went public yet. Samsung's on
• 1:27
  Speaker 3: a tear and Nvidia is on a tear. Lily is
• 1:31
  Speaker 3: about to go on a tear. Matas is on the
• 1:34
  Speaker 3: verge of having a turnaround. So all the people who
• 1:39
  Speaker 3: are the wealthiest people on the planet, even when we
• 1:41
  Speaker 3: could talk about greg Abel and warm Buffet in a
• 1:44
  Speaker 3: little they have billions of dollars of cash waiting for
• 1:47
  Speaker 3: the right time to buy. No, I know the axiom
• 1:51
  Speaker 3: of selling May and go away. This is a great
• 1:54
  Speaker 3: accumulation time. So shit, the market took down in May, yes,
• 2:00
  Speaker 3: but we just left one of the greatest months in
• 2:03
  Speaker 3: the history of investing.
• 2:04
  Speaker 2: Like this, this past.
• 2:05
  Speaker 3: Month was comparable. If everybody's like, yo, we missed twenty twenty.
• 2:09
  Speaker 3: Last month was your version.
• 2:11
  Speaker 2: Of twenty twenty.
• 2:12
  Speaker 3: And for those of you who took advantage of it,
• 2:17
  Speaker 3: like even for the screenshot, four hundred thousand of that
• 2:19
  Speaker 3: one point six is riting up last month.
• 2:22
  Speaker 2: So no, all for the.
• 2:23
  Speaker 3: Long term, May, June August would be tough. That it's
• 2:28
  Speaker 3: time to accumulate whole for the long term.
• 2:32
  Speaker 2: Yeah, I think I don't sell here.
• 2:35
  Speaker 4: I think if if you look at the story, and
• 2:37
  Speaker 4: maybe that may sound confusing, like, well, what's the story? Well,
• 2:41
  Speaker 4: when I say the story, has the AI story changed?
• 2:44
  Speaker 4: And again it has? Well, how do we know? We
• 2:47
  Speaker 4: saw the biggest companies in the world report last week
• 2:51
  Speaker 4: and there's a couple of things you got to listen for.
• 2:54
  Speaker 4: Has the cap X spend going down? No, that means
• 2:59
  Speaker 4: they're still about into the technology. That means they're spending it.
• 3:02
  Speaker 4: And if they're spending the money, that means they're spending
• 3:05
  Speaker 4: with companies.
• 3:06
  Speaker 2: Right.
• 3:07
  Speaker 4: I know it sounds like, oh, it's just bypassing. Hey,
• 3:09
  Speaker 4: they're going to spend seventy two billion, Well that's seventy
• 3:12
  Speaker 4: two billion is being allocated somewhere. That means there's companies
• 3:15
  Speaker 4: that are going to take in that revenue. That's why
• 3:17
  Speaker 4: I said the story hasn't changed. Right, So memory obviously
• 3:19
  Speaker 4: is at the forefront of that. And we'll talk about
• 3:21
  Speaker 4: some other infrastructure plays inside of the AI that you
• 3:23
  Speaker 4: should be having on your radar. But that hasn't changed.
• 3:27
  Speaker 4: Has the earnings from these huge megacap companies? Has that change?
• 3:32
  Speaker 4: Have they beat earnings quarter after the quarter? We keep
• 3:35
  Speaker 4: seeing the same thing learning, but they pull back because
• 3:37
  Speaker 4: of the cap back spend. Okay, that's the same theme. Well,
• 3:40
  Speaker 4: what about the consumer. Has consumer spending gone down? Well,
• 3:44
  Speaker 4: if you look at Visa's report last week, no, if
• 3:47
  Speaker 4: you talked to JP's report, not really. If you look
• 3:51
  Speaker 4: at TJ Max, if you look at Hilton and the hotels,
• 3:54
  Speaker 4: you're still seeing spending. And so that tells you that
• 3:58
  Speaker 4: I'll put them quotations. The resiliency is there.
• 4:03
  Speaker 2: Now. Something is happening in May. Obviously, we're gonna get
• 4:06
  Speaker 2: a new feed chair.
• 4:06
  Speaker 4: If you look historically, when a new feed chair steps
• 4:08
  Speaker 4: in to his seat or her seat hasn't happened, that
• 4:13
  Speaker 4: usually is a down inside the market that hasn't happened yet,
• 4:17
  Speaker 4: but it will at some point in May, and so
• 4:19
  Speaker 4: it will be a pullback, yeah, for sure. But I
• 4:21
  Speaker 4: think after that, and I heard time Lee saying it
• 4:24
  Speaker 4: as well, and video in video reports on the twentieth,
• 4:29
  Speaker 4: that'll be a key. And then let's see what that
• 4:31
  Speaker 4: momentum does going into June July has I mean, if
• 4:36
  Speaker 4: you look at historically, July has been a pretty good month.
• 4:39
  Speaker 4: August September is when we start saying, okay, let's make
• 4:42
  Speaker 4: sure we have reserves. We're going to start a seat
• 4:45
  Speaker 4: profit taking. We're gonna see some downturn. Those three months
• 4:48
  Speaker 4: are always in that space. August, September, October, and then
• 4:53
  Speaker 4: it's it's back to the cycle of November to April again.
• 5:00
  Speaker 2: I'm shot ahead. He says. Anything that's not true, you're
• 5:05
  Speaker 2: not going to no, no, no, no, no, no. No's pretty intelligent.
• 5:07
  Speaker 2: He's intelligent.
• 5:09
  Speaker 4: He's intelligent doing that now, someone we could argue some
• 5:13
  Speaker 4: of some of the takes are grand.
• 5:16
  Speaker 2: He does have grand takes.
• 5:17
  Speaker 4: But if you look at the past, definitely the past
• 5:21
  Speaker 4: five years, he's.
• 5:22
  Speaker 2: Been on point.
• 5:23
  Speaker 4: Man like him and Dan oves I know that, and
• 5:24
  Speaker 4: their Super Bowl.
• 5:26
  Speaker 2: I like Tom.
• 5:27
  Speaker 1: He says anything about crypto, bigcoin, He's been all over
• 5:30
  Speaker 1: the place.
• 5:31
  Speaker 2: He has been, right, he has a habit. He has
• 5:33
  Speaker 2: a higher crypto fund. Though.
• 5:35
  Speaker 1: Before that, all right, let's focus on crypto, because that's
• 5:38
  Speaker 1: what he's focused on. That's what he says a lot.
• 5:39
  Speaker 1: He talks a lot about crypto. He says, bigcoin gonna
• 5:42
  Speaker 1: be one hundred and eighty thousand by the end of
• 5:44
  Speaker 1: the year last year.
• 5:46
  Speaker 4: Okay, bigcoin, I may give you that, and the with
• 5:49
  Speaker 4: the estimation, can we be honest all of them make
• 5:52
  Speaker 4: those rounds and make those dumb ass proclamations because they're trying.
• 5:55
  Speaker 2: To raise funds market movies.
• 5:58
  Speaker 3: He did it sailor crypto Allectionedly, they're doing it to
• 6:04
  Speaker 3: drump up interest, to sell a narrative that isn't going
• 6:07
  Speaker 3: to come true and the time frame that they're talking about.
• 6:09
  Speaker 3: But being a permeable in tech is the right position
• 6:12
  Speaker 3: to be in that part.
• 6:14
  Speaker 4: Yeah, I would say that part because the tech piece
• 6:17
  Speaker 4: where he's seeing the S and P. A lot of
• 6:19
  Speaker 4: it I agree with, Yes, some of it is very
• 6:20
  Speaker 4: grand and that's been the continuous theme. It's almost like
• 6:24
  Speaker 4: I'm going to overshoot, so that even if it falls
• 6:26
  Speaker 4: a little bit under that, Hey.
• 6:28
  Speaker 2: I told you right, what don't you like about his
• 6:31
  Speaker 2: textra shot?
• 6:33
  Speaker 1: I like him.
• 6:33
  Speaker 2: I think he's extremely intelligent person.
• 6:35
  Speaker 1: But is it overshooting or you're just saying it's just
• 6:38
  Speaker 1: bitcoys going to be two hundred thousand by July and
• 6:42
  Speaker 1: it turns into it's ninety thousand.
• 6:43
  Speaker 2: Oh, I overshot it. That's that's that's gross. S and
• 6:47
  Speaker 2: P is going to be.
• 6:47
  Speaker 1: Ten out Like he's just saying just numbers, like but
• 6:51
  Speaker 1: the number they're not even close he's done this with
• 6:53
  Speaker 1: Crypto quite some time.
• 6:54
  Speaker 4: He's done he's done the numbers Encrypto specifically, because he's
• 6:58
  Speaker 4: been pretty spot on with s now.
• 7:01
  Speaker 2: His next his next thing is.
• 7:02
  Speaker 4: That after we go through some turmoil here in the
• 7:05
  Speaker 4: next few months, we're gonna go on the greatest run
• 7:07
  Speaker 4: that we've ever seen in human history. Like he literally
• 7:09
  Speaker 4: has said that, Well that happened.
• 7:12
  Speaker 2: That's overshoot too, that's overshoot.
• 7:14
  Speaker 4: Well, see, that's an overshoot. Yeah. I like Tom a
• 7:20
  Speaker 4: lot though.
• 7:24
  Speaker 1: I think he's intelligent. I think he's extremely intelligent person.
• 7:27
  Speaker 1: I just think, like I said, he just has very
• 7:31
  Speaker 1: out Yeah, he's just putting these numbers out there.
• 7:35
  Speaker 2: And to everybody.
• 7:36
  Speaker 3: I'm not shooting at anybody in particular, but to everybody
• 7:38
  Speaker 3: who had to dop eth in your Twitter bios and
• 7:41
  Speaker 3: I g a couple of years ago, what the fuck is.
• 7:43
  Speaker 2: Going on with the theory and where's the talent? Quiet?
• 7:50
  Speaker 2: Staying lowe mm hmmm, stand low. Just a question