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Want Elon Money? Stop Falling for This · Triple Da Money

• 0:00
  SPEAKER_00: Guys, guess what?
• 0:02
  SPEAKER_00: Time machine.
• 0:03
  SPEAKER_00: I got one.
• 0:04
  SPEAKER_02: That's a TV remote.
• 0:06
  SPEAKER_00: It's hypothetical.
• 0:07
  SPEAKER_00: The point is.
• 0:08
  SPEAKER_02: Can I use it first?
• 0:09
  SPEAKER_02: I want to see what dad looked like in high school.
• 0:12
  SPEAKER_00: No.
• 0:13
  SPEAKER_00: We're going back in time to make financial decisions and approve a point.
• 0:17
  SPEAKER_02: What's the point?
• 0:18
  SPEAKER_00: That you would have made the wrong call every single time.
• 0:23
  SPEAKER_01: I would not have made the wrong call.
• 0:25
  SPEAKER_00: Today, we're going back in time.
• 0:27
  SPEAKER_00: Fake money, real decisions, real consequences.
• 0:31
  SPEAKER_02: Welcome to Triple the Money.
• 0:32
  SPEAKER_00: I'm Emily.
• 0:33
  SPEAKER_02: I'm Austin.
• 0:34
  SPEAKER_02: I make good calls.
• 0:35
  SPEAKER_02: I'm Brandon, and I still want to see Dad in high school.
• 0:39
  SPEAKER_00: First up, the year is 2000 and we're going to the NFL draft.
• 0:42
  SPEAKER_00: Your first option is Courtney Brown.
• 0:44
  SPEAKER_00: He was a decorated college athlete and he was the first pick of the year.
• 0:48
  SPEAKER_01: Courtney Brown, obviously.
• 0:50
  SPEAKER_00: Okay.
• 0:50
  SPEAKER_00: Option two is a quarterback who was somehow too fat and too skinny at the same time.
• 0:55
  SPEAKER_00: He couldn't throw deep and he was too slow.
• 0:57
  SPEAKER_00: Who do you pick?
• 0:58
  SPEAKER_02: How are you skinny and fat?
• 1:00
  SPEAKER_00: He just was.
• 1:02
  SPEAKER_00: Who do you pick?
• 1:03
  SPEAKER_02: Courtney Brown.
• 1:04
  SPEAKER_02: It's not even close.
• 1:05
  SPEAKER_02: Yeah, Courtney Brown.
• 1:06
  SPEAKER_02: The skinny fat one sounds bad.
• 1:09
  SPEAKER_00: Your second option?
• 1:10
  SPEAKER_00: That's Tom Brady.
• 1:11
  SPEAKER_00: 199th in the draft pick.
• 1:14
  SPEAKER_00: 198 teams skipped out on him.
• 1:18
  SPEAKER_00: Courtney Brown played seven seasons, no Pro Bowl, and his career was mostly just derailed by injuries.
• 1:25
  SPEAKER_00: Tom Brady?
• 1:26
  SPEAKER_00: He won seven Super Bowls.
• 1:28
  SPEAKER_01: You pick Courtney Brown.
• 1:29
  SPEAKER_01: I picked Courtney Brown.
• 1:32
  SPEAKER_00: Okay, now we're going back in time.
• 1:34
  SPEAKER_00: The year is 1984.
• 1:36
  SPEAKER_00: We're going back to the NBA draft pick.
• 1:38
  SPEAKER_00: Pick number two is Michael Bowie.
• 1:42
  SPEAKER_01: That's not a person.
• 1:44
  SPEAKER_00: Michael.
• 1:46
  SPEAKER_00: David Bowie?
• 1:47
  SPEAKER_00: Plays basketball, right?
• 1:48
  SPEAKER_02: David Bowie's a singer, Emily.
• 1:51
  SPEAKER_00: Sam.
• 1:52
  SPEAKER_00: Sam Bowie.
• 1:53
  SPEAKER_00: Portland passed him up because they already had a guard and they just needed a big man.
• 1:57
  SPEAKER_01: Okay.
• 1:58
  SPEAKER_01: Who's picked three?
• 1:59
  SPEAKER_00: Michael Jackson.
• 2:07
  SPEAKER_02: Emily.
• 2:08
  SPEAKER_00: Jordan.
• 2:09
  SPEAKER_00: Michael Jordan.
• 2:10
  SPEAKER_00: Pick three for the Chicago Bulls.
• 2:12
  SPEAKER_01: Portland passed on Michael Jordan.
• 2:14
  SPEAKER_00: To take Sam Bowie because they needed a center and they already had a guard.
• 2:18
  SPEAKER_00: It seemed reasonable.
• 2:19
  SPEAKER_01: Okay, that is reasonable.
• 2:21
  SPEAKER_00: Sam Bowie suffered stress fractures.
• 2:24
  SPEAKER_00: He played 139 games in his career, and his career was basically ended by injury.
• 2:29
  SPEAKER_00: Jordan won six championships, five MVPs, and was basically the greatest player who ever lived.
• 2:36
  SPEAKER_02: They passed on Michael Jordan because they already had a guard.
• 2:40
  SPEAKER_02: Calm down.
• 2:41
  SPEAKER_02: Portland said that they already had that position covered.
• 2:44
  SPEAKER_02: They don't need the go.
• 2:45
  SPEAKER_00: And investors do this every day.
• 2:47
  SPEAKER_00: We already have exposure in this sector.
• 2:49
  SPEAKER_00: We don't need another one.
• 2:51
  SPEAKER_00: And that's how you pass on Michael Jordan and end up with a Sam Bowie.
• 2:55
  SPEAKER_00: Okay, so now the year is 2007.
• 2:58
  SPEAKER_00: You have money to invest.
• 3:00
  SPEAKER_00: Option one is the greatest smartphone on the planet.
• 3:03
  SPEAKER_00: Every doctor, celebrity, and CEO has one.
• 3:06
  SPEAKER_00: The company is worth over 60 billion dollars.
• 3:09
  SPEAKER_02: If every cool person has one, I'll take that.
• 3:12
  SPEAKER_02: Yeah, that's the obvious pick.
• 3:14
  SPEAKER_00: Option two, a computer company came out with a new phone.
• 3:17
  SPEAKER_00: It didn't have a keyboard, and everyone laughed at it.
• 3:20
  SPEAKER_00: Okay, so both of you, pick a company.
• 3:22
  SPEAKER_00: Who do you choose?
• 3:23
  SPEAKER_02: I'll choose option one.
• 3:24
  SPEAKER_02: That's what all the millionaires use.
• 3:26
  SPEAKER_02: Option one, that seems legit.
• 3:28
  SPEAKER_01: I'm not gonna choose a company that everyone laughs at.
• 3:30
  SPEAKER_00: And those companies were Blackberry and Apple.
• 3:35
  SPEAKER_01: Wait, I'm switching to Apple.
• 3:37
  SPEAKER_01: Same.
• 3:38
  SPEAKER_01: Apple, obviously.
• 3:39
  SPEAKER_01: What even is a Blackberry?
• 3:41
  SPEAKER_00: You guys both just said that Blackberry was easy and obvious.
• 3:45
  SPEAKER_02: Well, that was before you said the other company was Apple.
• 3:48
  SPEAKER_00: This is the problem.
• 3:49
  SPEAKER_00: Everyone switches after the information.
• 3:51
  SPEAKER_00: In 2007, Blackberry looked like the safe option, and Apple looked like the gamble.
• 3:55
  SPEAKER_00: That is exactly how every wrong call feels in the moment.
• 3:58
  SPEAKER_01: What even happened to Blackberry?
• 4:00
  SPEAKER_00: Worth basically zero today.
• 4:02
  SPEAKER_00: Apple, on the other hand, became the most valuable company, worth$3 trillion.
• 4:07
  SPEAKER_02: Whoa, three trillion dollars?
• 4:10
  SPEAKER_00: These next two aren't about missing the winner.
• 4:13
  SPEAKER_00: They're about picking something that's completely fake.
• 4:15
  SPEAKER_01: Oh no.
• 4:17
  SPEAKER_00: Okay, we're going back to 2013.
• 4:19
  SPEAKER_00: Elizabeth Holmes was on the cover of Forbes.
• 4:22
  SPEAKER_00: She was being called the next Steve Jobs.
• 4:24
  SPEAKER_00: Her company, Theranos, claims it can run over 200 medical tests from a single drop of blood.
• 4:30
  SPEAKER_00: Okay, so the company is valued at$9 billion.
• 4:33
  SPEAKER_00: Do you invest?
• 4:35
  SPEAKER_01: The next Steve Jobs, one drop of blood?
• 4:37
  SPEAKER_01: That's revolutionary.
• 4:39
  SPEAKER_01: I'm in.
• 4:40
  SPEAKER_02: Same.
• 4:40
  SPEAKER_02: Forbes doesn't put frauds on the cover.
• 4:43
  SPEAKER_00: The technology didn't work.
• 4:44
  SPEAKER_00: It was all a fraud.
• 4:46
  SPEAKER_00: It was revealed in 2015 by a journalist, and she went to prison, and the company collapsed.
• 4:51
  SPEAKER_02: Forbes put a fraud on the cover?
• 4:53
  SPEAKER_00: Yep.
• 4:54
  SPEAKER_00: Forbes put a fraud on the cover.
• 4:56
  SPEAKER_00: And now your money is zero.
• 4:58
  SPEAKER_00: Let's move on.
• 4:59
  SPEAKER_00: Okay, let's fast forward to 2020.
• 5:01
  SPEAKER_00: An electric truck company goes public.
• 5:03
  SPEAKER_00: Within weeks, it's worth$30 billion.
• 5:06
  SPEAKER_00: More than Ford, who've been making trucks for a hundred years.
• 5:09
  SPEAKER_00: All they did was release a video of their truck driving down the road.
• 5:13
  SPEAKER_01: Okay, this one seems more legit.
• 5:15
  SPEAKER_00: Well, actually, they just pushed the truck to a top of a hill, pushed it down, and filmed it.
• 5:21
  SPEAKER_00: No engine, just gravity.
• 5:23
  SPEAKER_02: The truck was just rolling?
• 5:24
  SPEAKER_00: Yep.
• 5:25
  SPEAKER_00: The founder was convicted of fraud, filed for bankruptcy in 2025, and its stock lost over 99% of its value.
• 5:32
  SPEAKER_02: $30 billion on one rolling truck.
• 5:36
  SPEAKER_02: And we were about to say it seemed legit.
• 5:38
  SPEAKER_02: Well, they had a video, Austin.
• 5:40
  SPEAKER_00: One more.
• 5:41
  SPEAKER_00: This one's different.
• 5:42
  SPEAKER_00: We're going back to the year 1997.
• 5:45
  SPEAKER_00: This is an online bookstore, and you can invest$5,000.
• 5:49
  SPEAKER_02: I love books.
• 5:50
  SPEAKER_00: Okay, so you both put in$5,000, and by 1999, it was looking good.
• 5:55
  SPEAKER_00: Your stocks were valued at$113 a share.
• 5:58
  SPEAKER_01: Okay, nice.
• 6:00
  SPEAKER_00: Then the dot com bubble bursts.
• 6:02
  SPEAKER_00: By 2001, your stocks dropped from$113 to$5.51.
• 6:09
  SPEAKER_00: That's a 94% crash.
• 6:11
  SPEAKER_01: I'm out.
• 6:12
  SPEAKER_01: I'm absolutely out.
• 6:14
  SPEAKER_01: That bookstore lost me$90 a share.
• 6:17
  SPEAKER_00: Okay, Austin's out.
• 6:18
  SPEAKER_00: Brandon, are you still in?
• 6:20
  SPEAKER_02: I'm staying in.
• 6:21
  SPEAKER_02: I love books.
• 6:22
  SPEAKER_00: Now we're in 2006 and the company's been recovering, but then it drops another 56%.
• 6:28
  SPEAKER_00: Investors are skeptical about whether the bookstore will ever be profitable.
• 6:32
  SPEAKER_02: Still in.
• 6:33
  SPEAKER_00: Okay, it's 2008 and the global financial crisis happens.
• 6:37
  SPEAKER_00: Your stock drops another 60%.
• 6:39
  SPEAKER_00: It falls over 25% in a single month.
• 6:43
  SPEAKER_02: Ooh, okay.
• 6:45
  SPEAKER_02: I'm still in though.
• 6:46
  SPEAKER_02: I love books.
• 6:47
  SPEAKER_00: Austin sold at the 94% crash, and Brandon survived all three crashes.
• 6:52
  SPEAKER_00: Fast forward to today, that company is Amazon.
• 6:56
  SPEAKER_01: Oh no.
• 6:57
  SPEAKER_00: Your$5,000 from 1997, if you held through every single crash, would be worth$11 million today.
• 7:05
  SPEAKER_02: Wow, Austin, you sold Amazon for$5.51.
• 7:10
  SPEAKER_02: It's time to pick up a book like me.
• 7:12
  SPEAKER_02: I didn't know it was.
• 7:14
  SPEAKER_02: You sold Amazon.
• 7:15
  SPEAKER_02: The bookstore lost 95%.
• 7:18
  SPEAKER_02: I thought it was doomed.
• 7:19
  SPEAKER_02: It was Amazon, Austin.
• 7:21
  SPEAKER_00: And this is why picking is almost impossible.
• 7:24
  SPEAKER_00: Even if you pick right, the crashes are real and most people sell.
• 7:28
  SPEAKER_00: Okay, so here's the pattern.
• 7:30
  SPEAKER_00: A professor named Bessenbinder studied nearly a hundred years of US stock data.
• 7:34
  SPEAKER_00: Only 4% of companies have driven every single dollar of wealth the market has created.
• 7:39
  SPEAKER_00: The other 96% basically break even with a savings account.
• 7:43
  SPEAKER_02: So most stocks are just Sam Bowie?
• 7:45
  SPEAKER_00: Yep, most stocks are just Sam Bowie.
• 7:47
  SPEAKER_00: And even professional fund managers, Harvard grads, MIT grads, people who do this full time, 95% of them fail to beat a simple index fund over 20 years.
• 7:56
  SPEAKER_01: So even if you find the right company, you might sell when it drops down to 94%?
• 8:01
  SPEAKER_00: And that's the real problem.
• 8:02
  SPEAKER_00: It's not just picking, right?
• 8:04
  SPEAKER_00: It's holding through every crash, every article saying it's over, and every moment your brain tells you to sell.
• 8:09
  SPEAKER_00: Almost nobody does it.
• 8:11
  SPEAKER_02: So what should we actually do?
• 8:13
  SPEAKER_00: Index fund, you buy one thing and you own a tiny piece of every single company in America.
• 8:17
  SPEAKER_00: Apple, Amazon, Nvidia, all of them.
• 8:20
  SPEAKER_00: When the next Amazon crashes, you barely feel any of it.
• 8:23
  SPEAKER_00: When it comes back and turns 5,000 into 11 million, you get all the upside.
• 8:28
  SPEAKER_01: So you can't miss the next Amazon because you already own it?
• 8:31
  SPEAKER_00: And you don't have to white knuckle through every single crash alone.
• 8:34
  SPEAKER_00: The index holds for you.
• 8:35
  SPEAKER_02: We own the whole draft class.
• 8:37
  SPEAKER_02: We get Jordan and Amazon automatically.
• 8:41
  SPEAKER_01: We don't need to decide to sell when the bookstore drops 94%.
• 8:45
  SPEAKER_00: Exactly.
• 8:46
  SPEAKER_01: That's genuinely a relief.
• 8:48
  SPEAKER_00: Here's the thing: 200 scouts passed on Tom Brady, and Portland passed on Michael Jordan because they already had a guard.
• 8:54
  SPEAKER_00: BlackBerry laughed at the iPhone, Theranos was on Forbes, Nicola was rolling a truck, and Amazon looked like a dead bookstore before it turned 5,000 into 11 million.
• 9:04
  SPEAKER_01: Only 4% of stocks have driven all gains since 1926.
• 9:08
  SPEAKER_01: Even professionals with Harvard MBAs failed to beat the market 95% of the time.
• 9:14
  SPEAKER_02: The cheat code, index fund, own everything.
• 9:17
  SPEAKER_02: Get Jordan automatically.