Latest / The Investor Shed Podcast / Elon, the First Trillionaire and the mega trade.
Transcript
- Nick & Jeremy: Welcome back to the Investor Shed Podcast. Crazy Times We're Living In, Jeremy. Good morning. Good morning. It is crazy times we're living in. We have a trillionaire. We do. We have a trillionaire. Yeah. Officially. Are you part of history? Are you part of the history? I'm part of that history. I'm part of helping him become a trillionaire because I put my money into that shit. Right. But you put your money in before like SpaceX. I did. I've been investing for like 10 years. You've had a Tesla boner for over a while. Yep. Well, yeah. Congratulations to Elon Musk. ⁓ I see You know what's weird, like. It's been a very divisive weekend. I ⁓ sure. Not everybody's on board. No, I it I and I get it. Like it is a lot of money, right? It like a lot of It's easy to be jealous of. It is easy to be jealous of something you have not built. ⁓ also like check out his contributions. He does donate more of his salary than I would assume anybody else does in the world. I can't imagine another person though on the planet that would be better suited. To deal with that money. That net worth. He doesn't actually have the money. He doesn't have a trillion dollars. That's not a million that's not like Scrooge McDuck and his bank, you know what I mean? It's all just I mean, he put some creative deals together last minute on Tesla to basically almost double the value by basically becoming a database ⁓ or a ⁓ sorry a compute AI compute landlord. And ⁓ yeah, in the in just the last few months, he basically tweaked ⁓ SpaceX to just like, hey, why don't we just make this like one of the most valuable companies in the world real quick before we IPO? Yeah. ⁓ and he pulled off some ⁓ some real magic and there's a lot more to come. And sure it's trading at like ninety-four times revenue. Right. ⁓ but that's today's revenue. I think the people that invested in it that truly believe it understand all the future value that's gonna come in on getting in at this what some people consider a super low value of two trillion dollars. Yeah. ⁓ I mean he's basic he's building the highways to space. Yeah. ⁓ so so SpaceX was valued at two trillion? I didn't actually see that part. Yeah. Wow. Yeah. That's insane. And so they're really just trying to raise like seventy five billion or something like that. And just like put up thirty percent of the company to the public. That's why they did an IPO or whatever. That's why they actually released it as a public company. So thirty percent is public, seventy percent is private. Is that what's Yeah, so it's i and based off the demand, you know, it was like four times oversubscribed of the people that wanted to invest in it. Yeah. So that's why it kind of shot the the price they put out there is ⁓ like a hundred and thirty dollars a stock or a hundred and thirty six. And within the first couple of hours it shot up to like the around one hundred seventy. It was at one ninety for a little bit. Like it went up like So I got in at like 169, 170. I I was very hesitant about buying on the first day because the Facebook post about this. Yeah, yeah. This is not my first IPO. Right. Every IPO I've been a part of, ⁓ it's crashed. Yeah. And this might, and but I'm I'm comfortable with the long term of like, ⁓ I don't care. I'm just gonna I'm putting my money in. I believe in it. ⁓ even at at today's value, even if it's a little bit more than what they planned, I anticipated that. But this is not ⁓ I'm retiring my day trading habits. Yeah, I mean we that we were gonna dive into that on this episode because you've been pretty adamant about being like, I just wanna do options and I wanna do day trading and I wanna like be in actively small swing this thing. And like we've had conferring beliefs on it. Like I'm like I just I set and forget with my stocks. I don't touch it, I don't sell ⁓ I buy ⁓ and I'm like that that's where that lies. For good or bad, for better or for worse. That's his death point basically. And with me, I mean I I actually started day trading back in two thousand eight. Okay. Yeah. With with the e trade baby. Yeah. ⁓ when the market was falling. ⁓ and you know, the the big car companies were going bankrupt and stuff. And I'm like, man, you buy GM for a fraction of the price. Turns out that's that actually went to zero, I remember that investment. And then they just like restructured and they're like, Thanks for all the money, assholes. They had a government buyout, didn't they? Yeah. Yeah. I mean a lot of car companies did GM and Chrysler and I remember investing in ⁓ s ⁓ Sirius XM radio when it went down to seven cents a share and I bought like three or four hundred bucks worth and ⁓ and the price doubled to like fourteen cents and I sold it and I'm like, Woo, I'm smart woo ⁓ if I would have just kept it for now it's like a share of the it was like so much more. So all the shares of it I would have made, you know, tens of thousands of dollars if I just held it like another few months. Coulda woulda, shoulda on like you know what I mean. And but that's like the part of it. Like people get they either get greedy or they get scarcity mindsets with stocks, right? Yeah. They they want to like, ⁓ it went up twenty percent, I need to sell now, or ⁓ it went down twenty percent. What if it goes down more? Yeah. And what I mean, if you see if you know and feel like this is a great opportunity, like back then I was I was a really stupid young adult, but I figured, hey, Serious XM is like The reason why I like wanted to just be the rope of everything into it, it was because at that time they were putting Sirius XM in like every new c new car. ⁓ yeah. It came like stock with it. A trial, right? Yeah. And I'm like, I don't think this is going away soon. And they just did a deal with ⁓ Howard Stern and stuff. And like I think this is really undervalued. Right. ⁓ and seven cents was very undervalued. Right. It was, yeah. ⁓ but if I would have just held ⁓ but I just had this habit of like, ⁓ my god, I double my money, I'm out. Yeah. Like how many people get to double their money in just a few days? Right. But like in in concurrence to your net worth now, like I mean, that would have been pennies in a bucket. You know what I mean? Like it it wouldn't have made or broke you at the same time. ⁓ would've helped way back then. Yeah, it would have helped way back then. But then you would have sold it and you would have either regretted it. There there's there's no better like the best time to sell is when you think you need to sell. Yeah. When when you think you have to sell is when you should sell. Yeah. And so ever since then I've kind of been in and out of the stock market when I see big opportunities in my eyes, like of something that I'm really familiar with. Like that, I felt like the Sirius XM thing. I kind of had an edge because I worked at a car dealership. Right. ⁓ and sold all these different new cars. And I'm like, this is there's no way, unless they're going bankrupt, right? ⁓ that this stock isn't gonna go up. Yeah. ⁓ and then I felt that way with Tesla when I first got my Tesla. ⁓ and I'm like, there's no like People don't understand how amazing this car is. And everyone's thinking that this stock is just gonna go to zero. I'm like, I need to put as much as I can into this because I'm familiar with the product and I just know people don't understand how good this car is compared to other cars. There's still And now you got a little taste of that like years almost a decade later. Yeah. ⁓ for those that don't know, Jeremy got a Tesla. I d it's a lease. I don't actually own the thing, but yeah, I'm driving one. I'm blowing through my miles so fast on my lease. Good. So you're gonna keep it though. I am ⁓ the plan is to keep it. I got a 36,000 mile ease. Uh-huh. I'm at 8,000 miles in two months. Well worth it then, huh? Well, yeah. Yeah. ⁓ no, it's great, man. And and again, I think there's a lot of negativity arounding, I guess, Tesla and SpaceX, but sure. Tesla in general, right? Even my daughter's like, ⁓ like this is just her brainwashing from her side of the family, though, right? So she's like she's like regurgitating things that have been told to her. She's what if what if it runs out of batteries? And she's really like worried about us when we drive down there. And I'm like, What if? Like what if a car runs out of gas? Yeah. What if your car what if your belt breaks in your car? What if like there's one thing that can go wrong with mine? There's 40 that can go wrong with yours. That's that's very true when it comes to a traditional car, you know, those that haven't had an electric car. Like with an electric car, there's way less moving parts. And those engines are your carburetor and uranium motors are designed to last like a half million to a million miles. ⁓ before anything really goes wrong with them. Yeah. ⁓ even like the research says like all the of all the Teslas on the road, over with over 200,000 miles of them, over 80% of them are still driving on the road today. Yeah, how's that compared to a regular, you know, a Ford? Yeah, exactly. Or a Chevy. Right. And then like if you start doing even more deep research on like, okay, like self-driving, is this actually safer than humans? And this is all stuff I was like diving into because I was curious very curious. 18 times or something. Yeah, something like that. So on a per 75,000 mile. like journey, I guess, per car. Yep. ⁓ it's eighteen times safer than a normal car. Was I close on that? I think I think you're very close. It's either like one in ten or one in eighteen. It's it's yeah. It's here's astronomically different though. Like here's where that data though can be mis mis ⁓ calculated a little bit. ⁓ it's like accidents during self ⁓ full self driving, but there's been so many times where I'm in full self driving and I take over. Yeah. And then you know it I take over because I'm avoiding an accident potentially. And then all of a sudden it doesn't count. ⁓ you know, it'll only count for an accident. Yeah. ⁓ but it's still I know it's so much safer. I sometimes overly use it, you know, in construction zones and things where you probably shouldn't. ⁓ where it's just there's a lot more weird obstacles to go through. Yeah. ⁓ or I have it in the hurry mode. Okay. So it's intentionally being aggressive and then I get uncomfortable because it's still a robot that can kill me. Yeah. That's true. Like I I I find myself taking over a lot when it's in like construction areas and stuff, and I'm like, I just And it's probably fine. Yeah. But I think those numbers are the the the reason why they are the way they are is because when you are just in full self driving and you don't take over but it will figure itself out. Yeah. It it will slow down, it will stop, it will avoid accidents. That's its main point And there have been times where I'm like, I'm giving it the reins, like may God be with me. But then like it does what it needs to do. And I'm like, okay. But there are also times where you know you're going into a construction zone. I'm like, you're just going a little too fast for my liking. I'm gonna I'm gonna take the reins and then I'll let you have it when I'm done. Yeah. ⁓ but yeah as far as like safety goes, like it it it's unparalleled how safe that car is compared to the human eye. Sure. You know what I mean? And these softwares are just like these sensors are getting better. There's a heads or more. It has eight eyes. Yeah, it has eight eyes. Yeah, exactly. That can see on the front of your bumper and that can see like stuff coming before you and in your blind spots and then your pillars and you know like it can see all around. It's 360 view. It's coding. That's all it is. Like it's like these have been coded to react very fast, faster than a human can do it. Yeah. And the way ⁓ Elon described it once, which kind of It it made sense to me why these things are as reliable as they are. ⁓ pe because it's using compute at ⁓ such you know, a v a very strong chip or whatever. ⁓ it's basically seen in slow motion. Yeah. So like ⁓ the reason why it's able to easily avoid issues like random things running out ⁓ you know, into the road or like being able to predict when there's about to be an accident is because like it's seen like imagine if you're just going through your life in slow motion. Like, ⁓ yeah, there's some there's ⁓ something coming up here we should probably be aware of. It's like bullets. And I'm saying right you can kind of just so so the the computer can think, you know, as if it's like a superhero in slow motion. Right. And our brains and our brains can't even comprehend really what that is until we kind of use a metaphor like that, like slow motion metaphor. ⁓ because it it can anticipate something and have plenty of time in computer time to react to it. Yeah. ⁓ that we just We think, ⁓ my god, I gotta stop and take over. Right. You know. No, and and like you said, like you've been you've been kind of an early adopter for Tesla and like I've always admired your car, I've always admired Elong. I haven't had nothing wrong to say about him. I think he's a little weird, but I think a lot of great people are a little weird. Who isn't? Yeah. Who is a who is a flawless human Right. I'm not saying anything about like his character or anything. I just like I I I think he's we're a bit odd. I and I think you have to be in order to build something that he's built. ⁓ he's maniac. He's ⁓ maniacally weird and ⁓ and a lot of people just r you know, that goes along with having you you can't run that many billion dollar companies. Right. And now two of them are trillion d dollar companies. Tesla and SpaceX? Yep. Wow, okay. Yeah, Tesla's like a one point five trillion and ⁓ so and and then SpaceX is now like a two trillion dollar company. Isn't that crazy? Like SpaceX just comes in and like blows everything he's done with Tesla out of the water. Like well, no, let's take a step back though. For those that don't know, SpaceX didn't just come in. Right. It started in 2002. Sure. This has been a long, slow ride. As starting most businesses is. Yeah. A long, hard ride. And and the cool thing is that like there's hundreds now of his employees that have been with him for a long time that are all millionaires now because of this IPO. Yeah. ⁓ so I mean it's not just this guy that his net worth went up. It's like it's it's everybody. Like it didn't cause anything it didn't cause anybody to become homeless. Right. You're you're not stealing from anybody. Yeah. So that's why I don't understand the hate. Like, ⁓ my God, this is so horrible that now all of a sudden we have this tr trillionaire guy and there and then eighty percent of the people out there are so bad with money, they have no idea what that means. They think he has a trillion dollars in his bank account. Right. ⁓ and then the news doesn't do a good enough job of explaining that he doesn't really have like they just said He's a trillionaire. He should be able to like Bertie just keeps saying with his net worth or with his money, we should pay all of these things that the government could use for poor people. But it's like, well, he can't do that. Right. Unless he destroys, you know, the value of Tesla and SpaceX by selling all his shares and then giving his money to the government has been proven to do wonders that he was brought in to fix yeah because of its inefficiencies. So it just doesn't make any sense. Yeah. ⁓ because that's just not the way the economy works. Like it's just the current value of his company makes his position in that company worth so much, but he can't really it's not like he has access to those dollars. Right. He can a certain amount in debt. He can just get loans against his stock. But it's just it's not what people think it is. Yeah. And the only reason he's that wealthy is because he built stuff. Yeah. He didn't take from anybody. He just he built things that the market was on board with. That needed. Like like wasn't didn't necessarily need, but like he has like advanced mankind. I don't know how many years with what he's done. But I I the the hate I'm seeing online was like w with they're saying like ⁓ he's a trillionaire and he ⁓ he cut all these jobs with Doge. I'm like, well he cut inefficiencies with doge. ⁓ of the of the scams? Yeah. That's all they were really able to cut was like the From what I remember. And then he got fired because because he was doing too good of a job. Well, no, he had a certain p ⁓ time frame to be there and he left at that time when that time frame ended. Didn't like Trump and him like implode at the end though? They sure did. Yeah, yeah. Like like they were like buddy buddy and then they're just like at war with each other. Okay, Epstein Island guy. Whoa, yeah. Yeah. Yeah, that was fun. Yeah. What a weird time. It was a weird time. And it is weird that they're just like back. ⁓ like nothing ever happened. Yeah. Just had a little tiff here and there. ⁓ yeah, just a little tiff. No big deal. No big deal. Okay. So yeah obviously we should probably talk though about sorry to interrupt. You're good. ⁓ what SpaceX is actually becoming. 'Cause I don't think a lot of people understand it's not just a rocket ship company that throws rockets in the sky that explode. ⁓ like a double land. That's how some people think yeah they are. But like they they're an internet company. Mm-hmm. And they've been an internet company for a few years now. Yeah. And they have the strongest low latency satellite internet out there that you can get. You own Starlink too, right? ⁓ SpaceX owned Starlink. SpaceX owned Starlink. And that's what got them their pretty much their revenue to be able to do what they're doing, trying to build these reusable spaceships that can carry massive payload to orbit. ⁓ yeah. ⁓ and eventually, you know, to the moon where they can build a moon base and then they're gonna build a slingshot on the moon that can get them, you know, ⁓ whatever into deep space instead of constantly using rocket fuel to ⁓ take off. ⁓ because there's only one sixth of gravity on the moon. Right. ⁓ so it's a lot easier just to slingshot something into space than to than to, you know, use this huge rocket to leave the or ⁓ the Earth's atmosphere, which is very hard to do. Yeah, it's a lot it's a lot of fuel. To go in and out of the atmosphere of the Earth is ⁓ it's kind of an ordeal. It's kind of an ordeal that many successful rocket companies. Yeah. Gravity works against you here, right? I mean like you're just burning tons and tons of fuel and resources Just to get off the ground. Yeah. So they so they've proven that they can build a network of satellites that are very complicated with complicated antennas that get you high speed internet here. the next step that they're working on are these they're called Dyson Swarms and they are ⁓ going to be data centers that everybody right now there's this huge wave in America where we don't want data centers here, right? Yeah, I hear that. They take up ⁓ according to ⁓ the myths or whatever they ⁓ they're gonna take up they're gonna take all the power away from residential areas and they're gonna take all the water ⁓ and they're loud and annoying and huge and we just hate AI because it's gonna take all of our jobs anyway. Yep. ⁓ maybe but the tr but what h this company's doing and they have the ability to and the tech is there yeah is to build data centers in space to where it's and they're using instead of the power of what are ⁓ Earth resources. Right, right. They're just going to use solar because you can get five times the efficiency in space than you can no diffusion with ozone layer or anything like that. Yeah, there's no diffusion with clouds and all and the atmosphere and all that stuff. ⁓ there's also no d night cycle because you can just aim it at the sun nonstop. That's pretty terrific. And then on the back end, you know, cooling cooling these chips is that's that's where all the water comes in and stuff. But Don't need that in space because guess what? It's negative 400 degrees. Guess what? It's super cold out there. So just on the back end, you know, yeah. You got your cooling and your ⁓ for free. Right. And you got your power for free. For free. You just got to get it all into space. And they've already are have built these starships. Yeah. ⁓ it where they plan to do at least three a day. Yeah. ⁓ right up to the orbit to be able to start deploying these data centers. Cool. And they've already made deals with ⁓ anthropic and now Google. Okay. ⁓ they've got a contract now with Google to build their data centers in space. Okay. ⁓ so these are good backers over your projects by the way. These are also did you know that SpaceX owns Grok? I did know that. Grok is going to be the brain for the Optimus robot. Yeah. it's not as smart as Claude right now, but it is super close. Right. When you say not as smart like this is all like internet capacity and this is all like capacity to build, like not smart enough, they are going to be all these companies are going to be such edge and edge with what AI actually is and what it can compute. Because they all want that cutting edge, right? And they're all going to build to try to beat their competitor just a little tiny bit. And the easiest thing for SpaceX to do is to improve Grok. Yeah. Because there are models out there that you can just copy. Yeah. And all these LLM companies have been Pretty much doing that with the frontier models. ⁓ just copy what they do. Copy what they do. Copy what they do. Take that framework and I'll tweak a bit. Yeah. ⁓ we'll CL, you know, we'll do CLIs too. Yeah. ⁓ we'll do connectors too. We'll do we'll just do whatever the frontier labs are doing and just copy them. And it's you're just staying on par. Yeah. Pretty much. Now, ⁓ so like what anthropic, if you if you decide you want to throw all your money anthropic, that's probably a smart thing too. They're going to pretty much ⁓ and they already do the enterprise AI world. Are they a public company? They they're gonna IPO this year. Okay. I'm like, I didn't think they were public yet. Yeah. ⁓ and their and their potential value is already almost a trillion dollars too, which is just insane. ⁓ but they they've they are getting enough ⁓ income to support that. Yeah. ⁓ Elon's their new ⁓ landlord. Right, exactly. And ⁓ he wanted to see them do well. You you can kind of look under the hood and just copy what they're doing with this grass. Yeah. Yeah. So to speak. Right. You know. Okay. So you explaining SpaceX a little bit, by the way, like I'm I'm kind of oblivious to a lot of the ins and outs of it. Like I do a little bit of surface reading. Right. ⁓ that's n that's fascinating what they are doing with that building. The data centers up there with the heat and the cooling and like that makes sense. Yeah. You've got free energy up there. Right. Free cooling. ⁓ huh. I love it. And the technology already exists. Right. Like with it's more complicated to build these Starlink antennas than it will be to build these data centers. I believe it. ⁓ it just hasn't been done yet, but they're work they're working on it right now. They already got contracts. Crazy. ⁓ so yeah, right now if you were to look at the books of SpaceX, not great. No. ⁓ 'cause they're a space company, but you look ⁓ into the future, have a little faith. I mean this is ⁓ this is something different. Yeah. This is something groundbreaking. They have a hu serious moat. Yeah. ⁓ Claude is an amazing AI tool, but Claude isn't also sending rockets to space. Right. It's true. I mean there's like two places you can go with exploration. You can go down in the ocean or can go up in space. Ocean is kind of not exactly easy to do. What do you want to th what what are you gonna do there? My sharks. Yeah, yeah. There's no sharks in space. Yeah. Heavy down there. The ocean weight is heavy when you go down deep, deep, deep. I've heard space. It's lighter when you go to space. Yeah. Things get lighter. Yeah. Easier. Easier to move around. I love it. ⁓ sure, there's gamma rays. Sure, no, but it's a cold. It's a little cold. It's kind of vacuum. There's not a lot of oxygen up there. Yeah. But machines don't need that. ⁓ Crazy. Mm-hmm. So Circling back to the kind of the front up the episode when you were saying you were, you know, you used to do day trading and all this stuff. Now you're kind of transitioning into buy and hold. Yeah, so I think that's my my new plan. N now, ⁓ last summer. Welcome to the light side, my friend. Last summer I was seriously day trading. It was a daily thing. I spent half my day on Robinhood just ⁓ you know, doing option trading. ⁓ was pretty heavy and then and then swing trading here and there. That's where just the actual purchase of the stock when they're Tips and highs. So option is buying the option. Swing is like buying the actual stock. So options are ⁓ super risky. You're you're buying the option to purchase sure, you know, a hundred shares of stock ⁓ at a certain price point, and that option expires at a certain time frame. Could be that week, and those are the most volatile where you can pretty much make the most money. Right. Or you can set it to like six months from now, but then your premiums are super high and it's harder to make money, but could be safer if you're like ⁓ very bullish on that company long term. Sure. ⁓ options, super risky, but they're a great way to make a lot of money. I'm the first month or so I was playing with it. I made like 10 grand. Yeah. And then I think I lost 20 the next month. And then I made a lot of it back. Right. ⁓ and then I and then I was involved in some IPOs that didn't go amazing. Yeah. ⁓ the Gemini card, ⁓ which is right here if you're watching live. I ⁓ big supporter of the Bitcoin card. I still use it. I've got the classic lack. Yep. ⁓ the stock didn't do too good. No, but the rewards are great. Yeah, so I so I lost quite a bit of money in that. I haven't sold it yet as a a realized loss yet. But like ⁓ I think I'm down I can't remember how much I'm down. It's it's it's ⁓ in the mid teens. I have a hard time fifteen thousand or so I'm down. Gar go ahead. I have a hard time selling lost stocks anymore. Sure. Like like I'm like I'm like I've the I've I lose right now if I sell. Yeah, that this is what makes this an actual loss. Versus like the money side up, I'm down five hundred bucks. Okay. Yeah. I don't feel it on my bank account. It's like not actively like hitting me. But then actually realizing that, meaning like, ⁓ I took a thousand and I turned it into five hundred doesn't feel good. So I just I typically just don't sell my losers. Yep. And I wait. That makes sense. Yeah. Yeah. ⁓ I do too. Yeah. For the most part. I really don't sell my losers unless it unless I'm forced to, like an option. Yeah. Or it's just like this is gonna expire today. Do you want like a hundred bucks or zero or zero? Or do you wanna wait for that l small little chance where the tr stock can turn in the next few hours? ⁓ buy some news and it's just like it's almost always just gonna go to zero. Right. And way to not buy, you know, like 'cause that's an emotional decision if you like either have to keep or sell. ⁓ way to just keep it logical, like, yeah, just now's the time. Yeah. ⁓ buy low, sell high. I mean it's super stupid common. sense but it works yeah in the stock market. But ⁓ it is I guess there's a reason why Warren Buffett is good at this and I'm not. ⁓ he's he's just a buy and hold guy. Yeah. ⁓ and he does his research before he buys something big and then he just holds it, right? Yeah. ⁓ that would have served me really well the last year. Way more than the ⁓ I made 10 grand here, plus 20 here. Yeah. Made it back. But like that was just A huge waste of time, but fun. Yeah. It's it was it's like a it was like I was at the casino last summer. Right. ⁓ and then I s went back to my roots of just day trade or stock sorry, not day trading, but swing trading. Yeah. Which is probably doing a trade maybe once a week or once a month. Yeah. Where you're just, you know, you've got a collection of stocks that you're buying, you're in and out of ⁓ whenever you see dips or highs, like common patterns that you've recognized. Sure. Yeah. ⁓ but even that is just getting exhausting for me. And I just I I feel like I've just let's stick with real estate, let's stick with the AI stuff. Yeah. and I'm just going to probably put like 75% of my net worth, not my net worth, sorry. 75% of my liquid funds that I play with stocks into SpaceX, the other 25 into Tesla. Yeah. ⁓ and then just ⁓ set it and forget it. Yeah. And then ⁓ probably some of the the S P too might might still just continue to purchase that on a weekly basis. Well I'd have to imagine that like SpaceX or Tesla are gonna be involved in the S and Ps. I think Tesla already is, yeah, yeah. Yep. So like when you are buying an S P fund, you are technically buying into a piece of a pie that owns you're buying like seven stocks, even though it's a five hundred, but like the majority of the you're buying Apple, you're buying, you know, your big tech, your big pharmacy, whatever it is. ⁓ I I love my S P stocks, man. Like it's it's something that I I don't feel any It's funny, since I I I'm gonna interrupt you again. I love it. ⁓ finally I think I've we did it on the air a few months ago. Finally started investing in just the S P. Yeah. And that's been my best performing stock since I started purchasing that on a weekly basis. ⁓ I wanna go back and that's really weathered the storm. Yeah, too, 'cause like the last three months have been pretty brutal with this war. I guess we're in a war with Iran or something. I I thought that was gonna stop in a few days, but it didn't. Yeah, weird. Wait a way to come around. 'Cause I remember we've talked about it before and I'm like, S and V and you're Yeah, but it's boring and I'm like, Yeah, but it's boring for a reason. Like So boring. The name is so boring. The the name is so boring. Like, I what do you own? Like you don't own Walmart or Tesla. You just have five hundred index fonts. ⁓ E T F O O B O I and I own a couple of I just bought a international one too. Yeah. So ⁓ if you're here looking for real estate tips, today's not the day, but normally we do Today was gonna be the day because I had something lined up for you, but I'm just like, this is way too excited. We gotta talk about space app. We got in the office and we were both like, There's a trillionaire in the world, we should talk about this. This that's true. Yeah. That is true. That's much more interesting than I was gonna talk about the ⁓ well, don't give it away, it's boring. It is boring, but it's boring. That's been kinda blowing up on ⁓ the Twitter world and the real estate world of like people ⁓ just changing the code of their LLC to get better ⁓ credit. And I was gonna show you guys how to just easily switch that how you can use AI to like ⁓ maybe increase your business ⁓ odds. If you wanna hear something like that, just Yeah. Send us a send us a message. Actually I would I would love to do a an episode like that. Because I think like business optimization is actually a pretty good ⁓ topic. I think so too. Yeah, but let us know if anybody's actually interested, com send us a comment or something like that and we'll we'll add it to the agenda. I see we do it anyway. Or or unless we get a better topic, but ⁓ happy trillionaire weekend. Yeah, happy trillionaire weekend. ⁓ when this comes out it will be a month later, but I I know like ⁓ one more thing. I know you said like you made a Facebook post like who's buying, who's not, and then you said like I'm gonna wait until the dust clears. Yeah and then you bought way more than I did. I well I I didn't go all in yet. You did not go in, yeah. ⁓ I just wanted to dip my toes in it and then I was just like, fuck it. I'm in, I'm in, I'm in. And I just started selling stuff I didn't want that I already had, and I just I didn't put any new money into the stock. Yeah. I just had money I just I just got rid of the stocks that I didn't really care about anymore. I actually put new money in because I was gonna sell stuff and I'm like I just I don't like selling it. It it feels weird, right? I I got I ⁓ I have some Solana and I stopped ⁓ staking it. Uhhuh. But then it was like a two to three day process to get it out and I'm like, Fuck it, I'll just put more money in. Yeah. ⁓ so I bought two shares of SpaceX. Very nice. You got some. You're in. I mean I'm gonna buy more though, of course. So that was just like the initial ⁓ like I can blow three hundred bucks. Yeah. But it is pretty nice to own ⁓ a comp ⁓ a little tiny piece of companies ⁓ that you use on a regular basis. ⁓ I feel like you're just much i in my point of view, I just feel like you're much more aware of where your money is when you're using the tools that are backed by the company. Like right gro I I use Grok all the time. Yeah. And it's owned by SpaceX. Right. It's pretty cool to be like, I own a tiny bit of Grok, so I'm a little cheerleader and it just makes me feel good. Yeah. And you can talk to Grok really mean now, be like, you know, I'm your master and your owner, right? ⁓ yeah. I didn't think about that, but now I can. When when the assimilation comes, you were the first to get completely screwed, by the way. Thank you. Thank you. I should probably I should probably announce ⁓ if anybody's interested, I'm writing a book. Yeah. ⁓ I and this isn't a joke this time. I've I've said this before that I've I I've been writing ⁓ books in the past. I'm actually this book is actually turning out really good. You told me about it over the weekend. ⁓ and I'm I'm like so stoked to hear more about this. And I like I think it it's a little niched, of course, because it should be. Yep. But like I'll let you talk about it. But I just want to say, like, what you're doing with it sounds really cool. It's coming together way better than I thought. Yeah. 'Cause I always thought, you know, initially when I first started using AI like three years ago. I'm like, holy crap, I can write a book about ⁓ you know, I can have AI help me just write a book about real estate investing. Easy peasy. And and it was and it did. And I saw that and but it was I wasn't good at using AI yet, so it didn't really like each chapter didn't really flow with the next. Yeah. And it just like looked really sloppy and it sounded good in some parts, but then wasn't in was inconsistent with like the tone, the tonality as you went on, because I didn't really know how How to to feed context. AI tends to drift if you don't like doing drift. Yeah. Yep. And that's and that's a big a big thing that I've learned over the last year or so is like how to eliminate drift completely. How to eliminate hallucinations and how to keep a consistent vibe throughout a whole session. ⁓ but the coolest thing about ⁓ my position is that I've been I've been real estate in investing for a little over ten years now. I've been a broker for about fifteen years. ⁓ but I've been Talking now into a microphone for seven years. Yeah. and I've talked about pretty much every it real estate experience I've ever had. Yeah. and there are these cool tools that Claude has where you can just it could just go out on the internet and get your transcripts. So it built out a project for me for this book by it knows my own voice, it knows my whole story, it knows everything that I've done well and what I haven't. ⁓ I was able to go to Chat G GBT. Mm-hmm. ⁓ and export all the data. Cool. Okay. ⁓ and it took a few days for it to email me. Sure. And then same thing with Grok. I was able to export all the data. So the last three years of just every conversation I've ever had with it. Yeah. So it had additional context of like here's the top 100 cool things that you've done with AI. Yeah. And what we can share in the book and that kind of stuff. But it's called the the AI real estate operator. Yeah. Is the name of this book. ⁓ and so far it's got the the whole thing kind of mapped out and it's going to include How I'm building the systems in my real estate business. And I won't be done with the book until I'm done building those systems in my real estate business. So it's probably still a month out or so. Yeah. But this book can seriously be done, done. Yeah. In like a month or two. Yeah. And it's sounding really good. I'm on chapter four. And ⁓ what I do is basically I just read the full chapter and then I make notes with my voice of what might be slightly incorrect or how I want it to sound different. Sure. But it sounds just like me talking. Yeah. And it's my stories, it's my cr it's my content. It's it was built without all the ums, right, and and pauses. Yeah. And it just sounds good and it's a well written book, way better ⁓ than I've been trying to to do in the past with tools. And some people might be thinking out there, and you and you are absolutely right to think about this, is that well, you're not really writing a book, AI is. Yeah. ⁓ and you can be right. The last two books I read had M-dashes everywhere in them by other people, famous people. Right. ⁓ so I don't think it's uncommon for people to use AI as a tool to help yeah ⁓ edit their book or anything like that. ⁓ I am heavily involved in this. It's more like a manual, yeah, or an operating playbook. Yeah. If anybody wants to integrate AI into their business, w if you're if you have anything to do with real estate, ⁓ operating as a You know, someone who fixes a flipping s homes or just a real estate agent or a landlord. ⁓ so it's gonna be more niche towards that. And obviously, yes, I'm using AI to pretty much ride it, but I am there every sentence of the way. Yeah, you're actually going back and rereading it like this actually didn't happen. Yeah, and make comment and and and I can just sit there and make narrated comments of ⁓ well this isn't, you know, completely accurate here or you might have got this wrong here. Yeah. ⁓ or I think you struggle with the a lot of the same things I do. Like like there's a big cloud of information up here, but how to get it to like make sense on paper. Cause like could I write a book? Yeah. Would it be clunky? Hell yeah. Yeah. But this is actually it's done a really good job of making it very informative, ⁓ entertaining. Good. kind of funny. Okay. ⁓ and very practical. Yeah. ⁓ So it's taking the best of the best of any sentence I've ever said and kind of morphing it in a way on pages on the page that makes it digestible and readable. Yeah. Because if I were to just write a book, you would not want to read it. Right. If I were to have to do every sentence myself. But you've got so many cool experiences and you know how to do all the stuff like that. I I feel like. Yeah. And ⁓ we'll see if anybody's interested in it. And I didn't realize how quickly this could be to could be done. Amazon publishing is so good. The the advantage again is that it has Hundreds of hours of me talking. Yeah. ⁓ so I feel like I'm in a privileged position where I can just take advantage of AI for that too. Yeah. Where I can write a book that just sounds like you've already made that contact me. And the cool thing is that you will not see one ⁓ dash in this book. What if you see one? Just one. ⁓ then you can ⁓ burn it. Okay. I'm gonna proofread it. Yeah, and Amazon does make it super cheap to print. So like full on real published books ⁓ are like three or four bucks. To make. Crazy. It's insane. Yeah. ⁓ so anyway, do you know how many pages it's gonna be? How long it's gonna be roughly in length? Yeah. ⁓ but I forgot off the top of my head. Yeah, we we've talked about it ⁓ it's it's going to be I think around 220 pages or something. It's a good length for a book. Yeah. ⁓ and then it will also have a website to go along with it with downloadable prompts. Nice. ⁓ so just a library. If you want to implement anything that I've done in the book, yeah. You could just go to the website and ⁓ download a playbook. And then feed that into your own AI to just start building it automatically so you don't have to like you know, take read a page and try to implement it right on your own. You can just go right to the website. Click the website and make it happen. Yeah. That's genius. Yep. I love it. So I am determined to get that all done before the summer ends. Cool. I'm proud of you. Thank you. I'm actually excited to read it. Like I mean like I know I've heard a lot of it before too. If you actually read it, I will be very happy. I I'll one hundred percent read it. Yeah. I read all my friends' books. Hopefully you can take ⁓ and utilize some of it. I I really want to try to make it the most useful real estate book imaginable ⁓ in 2026, using using all the tools that you are at your disposal that people don't know of. Yeah. Yeah. And and you're ⁓ you're definitely a pioneer on one of these things. I mean you're you're doing more with AI than most agents are. That's easy. Yeah. ⁓ specifically with like, you know, even investing and just in your agent business. There's so much that you're utilizing that somebody else can capitalize with. Yeah. ⁓ if they just had the know how and maybe I I love it that you have the clickable links in your book too. I think like just that'll be good. ⁓ well it will be a website with a a library of downloadables. Yeah, yeah. I don't think you can click on the book. You can on Kindle. So if you have on the website, yeah, yeah. Okay, that's a good point. Yeah. Yeah. And then on Kindle And if you do it on the five should just pretty much almost make it, you know, ninety nine cents or something like that or five bucks. I would do it. I would do a dollar on Kindle. A dollar. Yeah. ⁓ you'll like ten cents. This is what Alex Ramosi though with his first. But least you can get five star reviews. Yep. Right. That's exactly what Alex Ramosy did with his first book. He's like ninety nine cents for a reason, like it's full of value. ⁓ it's just made to get you in the door and so you know who I am and we can talk later about more stuff. So all right, cool guys. Thanks for listening. Yeah. Thank you all. Have a wonderful day. And ⁓ yeah, again, congratulations. ⁓ To Elon for being the first trillionaire. I know so many people are so excited about that. Doesn't work. And if you're not sorry. Yeah, sorry. Talk to you later.