Latest / Earn Your Leisure / Top 4 Lessons from Warren Buffett + The Future of Crypto in Gaming

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Top 4 Lessons from Warren Buffett + The Future of Crypto in Gaming · Earn Your Leisure

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  Speaker 1: Earners. What's up.
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  Speaker 2: You ever walk into a small business and everything just
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  Speaker 2: pushing your vision forward. This episode is brought to you
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  Speaker 2: by P and C Bank, a lot of people think
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  Speaker 2: P and C Bank National Association Member FDIIC.
• 1:51
  Speaker 3: What are the top four lessons we should learn from
• 1:54
  Speaker 3: Warren Buffet, dominant in the market this year.
• 1:58
  Speaker 4: Number one, not to dba from your plan.
• 2:01
  Speaker 5: I know a lesson that gets talked about a lot,
• 2:04
  Speaker 5: but it's probably one of the most important ones. Number two,
• 2:08
  Speaker 5: build your portfolio of regardless of what's going on, that
• 2:11
  Speaker 5: you won't have the ko destruction in it. A lot
• 2:14
  Speaker 5: of times, remember, like in twenty twenty and twenty twenty one,
• 2:17
  Speaker 5: you have people criticizing the Buffett as if he's not
• 2:20
  Speaker 5: the greatest to ever do this. There's a reason he's
• 2:23
  Speaker 5: been able to sustain for all of these years, and
• 2:25
  Speaker 5: even after losing Charlie, they haven't lost a step. I
• 2:31
  Speaker 5: think number three that lesson around him, just taking it
• 2:35
  Speaker 5: in data and leading five or six hours a day
• 2:38
  Speaker 5: is really important because I feel like Tom, they investors
• 2:41
  Speaker 5: are emotional in their decisions and not fact based. And
• 2:45
  Speaker 5: then lastly, just to focus on the companies that are
• 2:48
  Speaker 5: going to give you the host return and block all
• 2:51
  Speaker 5: the noise up. I think a lot, especially in our community.
• 2:55
  Speaker 5: I can only imagine how many people have lost out
• 2:58
  Speaker 5: on money just by solely listening to the track to
• 3:01
  Speaker 5: be paid to try and typhon away audience and.
• 3:04
  Speaker 1: Viewership the loss.
• 3:05
  Speaker 4: It didn't work. But I just go back to twenty
• 3:09
  Speaker 4: twenty one, we had the little war we with uh
• 3:13
  Speaker 4: Bull's challenge.
• 3:15
  Speaker 5: All the people that lost out on money just not
• 3:17
  Speaker 5: listening to Microsoft Video or btr so blocking out the
• 3:22
  Speaker 5: noise the most importantly building building that portfolio and its
• 3:26
  Speaker 5: destruction free regardless of what happens.
• 3:27
  Speaker 1: In the rock.
• 3:29
  Speaker 6: Yeah, old boy, you killed the generation of investors.
• 3:35
  Speaker 2: It to Santo, I would just like to say, based.
• 3:40
  Speaker 1: On here, curse this my buffet.
• 3:44
  Speaker 2: I think one of the most valuable lessons is that
• 3:48
  Speaker 2: trimming at your highs.
• 3:50
  Speaker 1: Trimming at the high that's a great yes, right.
• 3:53
  Speaker 2: Like I remember in November in October when he was
• 3:57
  Speaker 2: trimming at Apple and it was climbing to his all
• 3:59
  Speaker 2: time highs, and he was taking profits and he sold off,
• 4:02
  Speaker 2: and people were like, well, why is he doing that?
• 4:04
  Speaker 2: And we were kind of saying, like, you know what,
• 4:06
  Speaker 2: this guy's too smart. He's doing this for a reason.
• 4:08
  Speaker 2: He knows something we know we kind of couldn't figure
• 4:10
  Speaker 2: it out. And then you see what happens here in
• 4:12
  Speaker 2: early January with the deep jam inside the semiconductor space.
• 4:18
  Speaker 2: Then we see what happens with the tariffs. And basically,
• 4:21
  Speaker 2: I mean they had information for sure of kind of
• 4:25
  Speaker 2: where this thing was headed. And so a lot of
• 4:27
  Speaker 2: times people will say, oh my gosh, the stocks falling,
• 4:30
  Speaker 2: stocks falling, I need to take profit now before I
• 4:32
  Speaker 2: lose it all or it goes back to my buying point.
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  Speaker 1: But he didn't do that, right, Like, he.
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  Speaker 2: Sold at highs, got max profit, kept it on the sideline,
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  Speaker 2: and he just lived by his age old adage. Right,
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  Speaker 2: when everybody is fearful, really and when people would reed
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  Speaker 2: be fearful and see when you start seeing things run
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  Speaker 2: to us all time high, and especially after the election,
• 4:54
  Speaker 2: we saw that run up and a bunch of companies
• 4:56
  Speaker 2: in an SMP as well and in bitcoin, people got
• 5:00
  Speaker 2: greedy to profit.
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  Speaker 1: Now, if you look at fair and greedy indext, it
• 5:06
  Speaker 1: was in a single digits a couple of weeks ago.
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  Speaker 2: Yeah, people are extremely fearful and he's sitting with a
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  Speaker 2: treasure chest. And so that's a valuable lesson that when
• 5:15
  Speaker 2: you hit some of your marks, whatever your benchmark is, whether.
• 5:18
  Speaker 1: It's twenty percent, thirty percent.
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  Speaker 2: Sometimes I know people looking for one hundred percent return,
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  Speaker 2: especially in the options. You know they didn't want to
• 5:24
  Speaker 2: get one hundred percent or they want to get to
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  Speaker 2: one thousand percent. Make sure that you trim some profits
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  Speaker 2: to have reserves because there is going to be another pullback.
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  Speaker 2: It's just part of the life cycle of the market
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  Speaker 2: and you can make some really really good decisions that
• 5:37
  Speaker 2: can change your your portfolio and your life.
• 5:40
  Speaker 3: Yeah, Pokemon is importantly looking at release of crympton back
• 5:46
  Speaker 3: on salonas blockchain NFT component to it is that something
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  Speaker 3: that you know you're interested in.
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  Speaker 4: I thought it was fascinated that they brand like this
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  Speaker 4: will do it.
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  Speaker 5: I'm only one other black pising about web three maybe
• 6:01
  Speaker 5: two n T community.
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  Speaker 4: I need y'all compute with my flops, but not Pokemon.
• 6:08
  Speaker 5: But if Call of Duty and Great does something they
• 6:11
  Speaker 5: employ your n f T, I would be interesting give
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  Speaker 5: it validity because we haven't seen a company of still
• 6:18
  Speaker 5: playing that market. There's been some offshoot brands and off
• 6:21
  Speaker 5: sheet players that have been in that space.
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  Speaker 4: But if there is real value there, I wonder if
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  Speaker 4: there's a way that.
• 6:27
  Speaker 6: They can.
• 6:29
  Speaker 5: Include that into their own ecosystem and make a bible.
• 6:32
  Speaker 5: I don't want to be very but it did get
• 6:38
  Speaker 5: my brain turning on if Call of Duty or far
• 6:42
  Speaker 5: Crome you know.
• 6:43
  Speaker 6: M No, I think it's interesting. I mean I think, well,
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  Speaker 6: first of all, a lot of y'all.
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  Speaker 4: Okay, let's wake it up.
• 6:49
  Speaker 6: I'm you're trying to find Pokemon.
• 6:52
  Speaker 3: You need to find your girl fact because it's like
• 6:57
  Speaker 3: pokey pokey already.
• 7:01
  Speaker 6: So all messed up and apart for Pika trying to
• 7:06
  Speaker 6: look through the bench. Meanwhile, now for west Side.
• 7:12
  Speaker 1: Moments ago, like how was supposed to tell you where
• 7:19
  Speaker 1: she's been at? No?
• 7:20
  Speaker 2: I think so shout out to Aaron. Wait what you
• 7:26
  Speaker 2: know what happened to son? Now that calls me, he
• 7:29
  Speaker 2: calls me Aaron Plummer when when.
• 7:32
  Speaker 7: He Wednesday Wednesday, not to get confused with Brian, where
• 7:42
  Speaker 7: is it you, Brian Pump?
• 7:44
  Speaker 4: Oh my god.
• 7:46
  Speaker 1: Now they disrespected him. They disrespected because I was gonna
• 7:50
  Speaker 1: go to Troy.
• 7:53
  Speaker 3: Justin's son was the CEO of the CEO of trom.
• 7:57
  Speaker 3: He was a dude that was beating baselone. Oh he was.
• 8:01
  Speaker 3: He was trying was supposed to be the coin for gamers. Yeah,
• 8:05
  Speaker 3: because gamification, that was the whole thing of Like there's
• 8:08
  Speaker 3: a lot of money. Like if my son asked me
• 8:10
  Speaker 3: for money one more time for in app purchases inside
• 8:14
  Speaker 3: of two k.
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  Speaker 6: Yeah, I'm like, you're spending more money.
• 8:18
  Speaker 3: On this than close, Like like you're spending more money
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  Speaker 3: to enhance your players profile that you are like on
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  Speaker 3: actually real life items for your like daily use.
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  Speaker 6: So this millions billions of dollars being spent in a games.
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  Speaker 6: So if they have their.
• 8:36
  Speaker 3: Native currency, I think that's actually something that makes a
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  Speaker 3: lot of sense.
• 8:41
  Speaker 2: So I spent a lot of hours studying trying, so
• 8:45
  Speaker 2: that was that was part of that story.
• 8:47
  Speaker 1: Like I remember calling him and like Yo, you need
• 8:50
  Speaker 1: to come back home.
• 8:51
  Speaker 2: I found something and a lot of hours are spent
• 8:54
  Speaker 2: doing that because of that. I think Pokemon specifically, it's
• 8:58
  Speaker 2: it's passed the time Pokemon. Right, this happened ten years ago,
• 9:03
  Speaker 2: and it's like semi peak right when it came out
• 9:07
  Speaker 2: and you had the Game Boy games and a couple
• 9:10
  Speaker 2: of years ago when they were actually using technology, like
• 9:12
  Speaker 2: you said to try to catch the Pokemon, or even
• 9:14
  Speaker 2: when the trading cards I know in the late nineties
• 9:17
  Speaker 2: that became a thing, but then it had a resurgence
• 9:19
  Speaker 2: and you kind of see like even loew and Paul
• 9:24
  Speaker 2: who who was wearing the Pokemon, there was a moment
• 9:26
  Speaker 2: you could see how like the NFT thing would have
• 9:29
  Speaker 2: been crazy for Pokemon, Like we're talking about ridiculous evaluations
• 9:35
  Speaker 2: for those.
• 9:37
  Speaker 1: I think you nailed it though in with your projection for.
• 9:42
  Speaker 5: GTA six though, yeah, that's the game they get Rockstar involved.
• 9:48
  Speaker 1: So Call of.
• 9:49
  Speaker 2: Duty more so from a standpoint where yes, you can
• 9:52
  Speaker 2: upgrade eat your XP to get more weapons and things
• 9:56
  Speaker 2: of that nature. Maybe gear g T A six is
• 10:01
  Speaker 2: an entire world, like a lifestyle like that is a
• 10:06
  Speaker 2: whole world. You can see, like if something is on
• 10:09
  Speaker 2: the blockchain and there that's gonna that's just blocks market,
• 10:15
  Speaker 2: but they have that population is a little younger, right,
• 10:18
  Speaker 2: so like, well maybe not. But the g TA thing
• 10:22
  Speaker 2: is like I'm I want to see that game, like
• 10:26
  Speaker 2: like real, like people who grew up on those games,
• 10:27
  Speaker 2: like you want to see because this is the first
• 10:30
  Speaker 2: general uh, the version that's going to be on the
• 10:33
  Speaker 2: new generation. Symptoms and anticipation has been incredible for it,
• 10:38
  Speaker 2: so this is final the year for it.
• 10:39
  Speaker 1: And we talked to T Grizzly about how.
• 10:44
  Speaker 2: People are monetizing inside that space and how they have
• 10:46
  Speaker 2: to get new service and things of that nature. So
• 10:48
  Speaker 2: imagine if that was actually a considered effort to make
• 10:51
  Speaker 2: it under a blockchain and whoever, I mean, they're probably
• 10:53
  Speaker 2: working on it now. That's going to be something that'd
• 10:56
  Speaker 2: be very interesting to look at and investment.
• 11:00
  Speaker 5: Yeah, it's the only ecosystem that has a fanatic fan
• 11:03
  Speaker 5: base and it's the.
• 11:08
  Speaker 1: Never ends, yeah, never end.
• 11:10
  Speaker 4: So that's the one.
• 11:11
  Speaker 5: If they have an NFT outlet, I'm interested bullesh on it.
• 11:17
  Speaker 1: But Pokemon GTA.
• 11:19
  Speaker 2: Six, well GTA six is GTA six is the real metaverse, gentlemen.
• 11:27
  Speaker 1: That's a fact.
• 11:28
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