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Elon Musk’s Stock Picks · Earn Your Leisure

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  Speaker 1: This episode is brought to you by P and C Bank.
• 0:03
  Speaker 1: A lot of people think podcasts about work are boring,
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  Speaker 2: Let's talk about Elon Musk. He would asked recently, you know,
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  Speaker 2: like with stocks he's into and he was like, you know,
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  Speaker 2: he doesn't really invest in stocks too much. I mean,
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  Speaker 2: it would make sense. I love the richest person in
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  Speaker 2: the world. He was like, you know, he's just focused.
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  Speaker 2: I'm building his companies. Then when his companies become public,
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  Speaker 2: then he owns a lot of stocks in that company,
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  Speaker 2: which is Tesla, which will soon be SpaceX, which will
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  Speaker 2: soon be you know, a variety of different companies that
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  Speaker 2: he has involvement with, but he said if he did,
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  Speaker 2: if he did, you know, if he were looking at
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  Speaker 2: the landscape and he were to pick two stocks, he
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  Speaker 2: said it would be Google. He said, Google's done a
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  Speaker 2: tremendous job as far as where they're going to be
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  Speaker 2: in the in the AI race, and then he said,
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  Speaker 2: in videos is inevitable, Like you can't get around in video.
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  Speaker 3: That's just like a no brainer. Yep.
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  Speaker 2: So he spoke about Google, and he spoke about in
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  Speaker 2: video as far as like if he was to actually
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  Speaker 2: be in the in the stock world, those would be
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  Speaker 2: the two companies that he would he would have confidence
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  Speaker 2: in investing in. What are your thoughts on that.
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  Speaker 4: It's the other side of wealth building that people don't
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  Speaker 4: talk about publicly. But I love that we have the
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  Speaker 4: show so we can. If you can build something that
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  Speaker 4: goes up one hundred and fifty thousand percent of return
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  Speaker 4: or seven hundred thousand percent, it's better to put all
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  Speaker 4: of your tangible time into build an asset. There are
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  Speaker 4: certain people who are asset drivers and GDP drivers, regardless
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  Speaker 4: of political dispersion. He is one of them. So if
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  Speaker 4: I can build a SpaceX. Starlink I think is the
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  Speaker 4: darling of the portfolio, probably best company there Teslo. We
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  Speaker 4: already know story tradition at PayPal Mafia. If I can
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  Speaker 4: build things that go up fifteen thousand x, it's much
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  Speaker 4: better to build a thing and then get the value.
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  Speaker 4: If you can't do that, then you have to invest
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  Speaker 4: in Because I always say, if you're entrepreneur, are you
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  Speaker 4: better than Tim Cook?
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  Speaker 3: Elon Musk?
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  Speaker 4: Now we gotta throw Sam Altman, even though he's having
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  Speaker 4: some issues, right, are you better than the top ten CEOs?
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  Speaker 3: He's better than a lot of the top ten.
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  Speaker 4: Therefore he should focus on wealth building by building a company.
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  Speaker 4: And even if you're not, you have to build a
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  Speaker 4: business in combination. I've been telling this the podcasters. Fred
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  Speaker 4: We're talking about a Wednesday. A lot of streamers and
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  Speaker 4: podcasters are going.
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  Speaker 3: Out of business. A lot of rappers too.
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  Speaker 4: They wouldn't have though. I've told two hundred people the
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  Speaker 4: strategy for executed. You have to invest in the media
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  Speaker 4: companies that you're uploading and using your services through.
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  Speaker 3: Most don't do it.
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  Speaker 4: And as a tell of two media broadcasters, one that
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  Speaker 4: does and one that doesn't, there's not as much there's
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  Speaker 4: too much saturation in some of these markets, so people
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  Speaker 4: are going out of business. But you have to build
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  Speaker 4: a business and then invest. It's the only blueprint. It's
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  Speaker 4: the only blueprint. And I love the honesty of the answer,
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  Speaker 4: because one of the things that most wealth builders don't tell.
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  Speaker 3: You is how they build that rocket ship.
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  Speaker 4: No pun intended to generate wealth for themselves regardless of
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  Speaker 4: what the market is doing.
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  Speaker 1: Yeah, I always tell people, listen, you gotta study the movements,
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  Speaker 1: all the money, even movements fill the money. Last week
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  Speaker 1: when I talked about Jensen and him sitting down and
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  Speaker 1: having this conversation.
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  Speaker 3: To its right was Elon Musk.
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  Speaker 1: No surprise when Elon asked, you ask him what two
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  Speaker 1: companies are going to be prominent, It's going to be
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  Speaker 1: those two. We obviously know what nvideo is going to
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  Speaker 1: mean to the economy. Well, we already know what it means.
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  Speaker 1: We can see where it's headed. We can see that
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  Speaker 1: Google has made an imprint here. But when you listen
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  Speaker 1: to Sundar Speed, the CEO of Google said something very
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  Speaker 1: interesting last week, and he was talking about power right
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  Speaker 1: XAI uses what uses the GPUs they're thinking about maybe
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  Speaker 1: their partner to u TPUs from Google. But that wasn't
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  Speaker 1: the thing that really caught my attention. It was they
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  Speaker 1: weren't talking about data centers here on Earth. They're talking
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  Speaker 1: about putting data centers in space or sundar. So now,
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  Speaker 1: when I'm listening to Google and I'm thinking to myself,
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  Speaker 1: they're putting they're going to do data centers in space
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  Speaker 1: because they can use the solar power, I'm like, oh man,
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  Speaker 1: this is different. When I'm thinking like, well, how would
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  Speaker 1: they get space exploration? That's not really a division that
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  Speaker 1: they've really focusing on. And then I'm starting to hear partnership. Right,
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  Speaker 1: you start putting these te leaves together, right, who has
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  Speaker 1: master space exploration? Who has that division? Who has a company? Well,
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  Speaker 1: isn't that what space is doing? When we talk about
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  Speaker 1: the satellites that are already orbiting the Earth, we covered
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  Speaker 1: that in very greatest stent, and I'm like, oh, this
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  Speaker 1: is this is where they're going.
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  Speaker 3: So start watching those tea leaves start.
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  Speaker 1: When these CEOs start talking about each other and they're
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  Speaker 1: starting to praise each other, it's for a great reason.
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  Speaker 1: Partnerships are happening, whether we know about them or not.
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  Speaker 1: They're already looking toward the future. When I'm looking at
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  Speaker 1: we're just trying to figure outw they're going to power
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  Speaker 1: the data sets here on Earth. Right, Like we've talked
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  Speaker 1: about Meta in Louisiana, We've talked about all these these
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  Speaker 1: data centers in the Midwest. We've talked about the fabs
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  Speaker 1: that TSM is put in Arizona now and like, hey,
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  Speaker 1: we we we got this covered. Where's the next space
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  Speaker 1: and that's going to be that's going to be orbiting
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  Speaker 1: the planet. So interesting that he says those two companies.
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  Speaker 2: And then somebody said, well, which because Ian said what
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  Speaker 2: content created? To invest in the companies that they upload
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  Speaker 2: content to? And then somebody in chat said which, which
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  Speaker 2: would be a question mark? So Google, Google, because Google
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  Speaker 2: owns YouTube, Meta because Meta owns Instagram and Facebook.
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  Speaker 4: And Apple created the iPod. It literally created podcasting from
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  Speaker 4: the term iPod. Yeah, sometimes it's just hidden plain sight.
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  Speaker 4: The investing those three, I mean, it's solid mm hmm.
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  Speaker 1: This this has been always been the Google case is
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  Speaker 1: like we have to have Google in the portfolio since
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  Speaker 1: it was we have I remember we had these comments
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  Speaker 1: sticks these in depth conversations, and the money have got
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  Speaker 1: to be you got YouTube. Yes, it leads it, but
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  Speaker 1: you know they still have the cloud business and now
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  Speaker 1: you can see what they've done it with inside the
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  Speaker 1: AI bit and they're not done.
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  Speaker 3: They're not done, They're just getting started.
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  Speaker 1: There are the partnerships are going to start increase, which
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  Speaker 1: is why we said, like, hey, TPU Gpu I, it
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  Speaker 1: don't matter.
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  Speaker 3: They're going to Google five, Google A five, I.
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  Speaker 1: Owe you, it don't matter, It don't matter. Right, it's
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  Speaker 1: going to need power and the other thing that is
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  Speaker 1: going to need the storage. So that's why we always
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  Speaker 1: talk about memory memory, memory, because it still needs to
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  Speaker 1: bring to the operations which is going to store all
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  Speaker 1: that data.
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  Speaker 2: And it also speaks to the importance of investing in ets.
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  Speaker 2: So I mean Google has an individual stock, but invest
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  Speaker 2: with Investo QQQ.
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  Speaker 3: We talked about that.
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  Speaker 2: Put a tweet out last week where it's ten thousand
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  Speaker 2: dollars in the video. If you would to invested ten
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  Speaker 2: thousand dollars in video ten years ago right now, will
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  Speaker 2: be worth ten million dollars ten point three million dollars.
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  Speaker 2: So the first thing that people will say was like, well,
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  Speaker 2: who knew in video ten years ago was going to
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  Speaker 2: be what it is now? But Okay, what that is.
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  Speaker 2: With that said, if you would have put ten thousand
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  Speaker 2: dollars in QQQ ten years ago, be forty three thousand.
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  Speaker 3: That's a good.
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  Speaker 2: Now, if you put ten thousand dollars in xl Y
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  Speaker 2: ten years ago, be thirty one thousand. If you put
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  Speaker 2: ten thousand dollars in SBY, it'll be twenty eight thousand.
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  Speaker 2: So even with quote unquote safe investments over the last
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  Speaker 2: ten years, you would have quadruple tripled or at the
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  Speaker 2: very least doubled your money by investing in So yeah,
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  Speaker 2: I mean the individual. But if you don't think that
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  Speaker 2: technology is going to continue to move the economy forward,
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  Speaker 2: you out of your mind.
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  Speaker 3: Economy forward, dude, where have you been?
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  Speaker 4: And ninety four percent of those are flat or slightly
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  Speaker 4: underwater if you look at inflation. Another thing you have
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  Speaker 4: to look at is net margin. Google, Microsoft, Apple, Matter
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  Speaker 4: all have amazing margins. So and I saw the comment
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  Speaker 4: earlier with a brother said you have to be a
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  Speaker 4: nerd to want to tune in. No, they trick us
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  Speaker 4: to thinking that you need to be a nerd to know.
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  Speaker 3: How money moves. When we move the market for a
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  Speaker 3: bunch of companies, you.
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  Speaker 2: Don't have to be a nerd just you just have
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  Speaker 2: to want to hit elevated conversations quarter zips.
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  Speaker 3: Match, Well, weren't you. I too used to.
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  Speaker 2: Debate rap for endless hours on it.
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  Speaker 3: It doesn't matter.
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  Speaker 2: But at some point in time I realized that I
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  Speaker 2: needed to make money to support myself and my family because.
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  Speaker 4: Kai's are all in putting their money right, even the
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  Speaker 4: music conversations, all those benefits Spotify, Apple and the social
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  Speaker 4: media platforms matter. Those are tech businesses, but they're not
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  Speaker 4: valuated like tech businesses, so they can rob the artists
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  Speaker 4: and inflate the value of the tech companies.
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  Speaker 1: But I feel like they are though, I mean there are,
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  Speaker 1: they're just that valua as such, right right, because all
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  Speaker 1: of them have the tech component, which is when we
• 9:51
  Speaker 1: talk about valuation. And we got this conversation in private,
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  Speaker 1: but like that valuate, I'm like, well, what are the ingredients?
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  Speaker 3: Like, what are the things get the highest multiple?
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  Speaker 1: And everybody that we talked is like, you, what's the
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  Speaker 1: tech component that you have in the business, right, do
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  Speaker 1: you have an app? Do you have what's the user base?
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  Speaker 1: What's the retention? Like all those numbers coming to that
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  Speaker 1: or so much, And we don't think. We just think like, hey,
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  Speaker 1: we're gonna use the app, We're gonna listen to music. Now,
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  Speaker 1: watch time.
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  Speaker 4: Do you think Future doesn't have a longer watch time
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  Speaker 4: than a fifteenth best AI company? I'll debate that, but
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  Speaker 4: they value it as a certain thing. Same thing with
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  Speaker 4: the classifistication of stocks. Everyone doesn't get tech classification. Some
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  Speaker 4: going to communications, some going consumer discretionary because it lowers
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  Speaker 4: what the evaluation could be.
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  Speaker 3: Yeah, that's what you said.
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  Speaker 1: When we think Google, we're thinking, oh, that's a tech stop, right,
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  Speaker 1: But if you look at Spider's Fun, it's not inside
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  Speaker 1: of XLK.
• 10:46
  Speaker 3: Yep, Amazon's not inside of XLK. It's crazy, earners, what's up?
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