welcome to the cash flow Academy podcast I'm your host Andy Tanner this is where we make investing simple I'm here with my good good friends my trading buddies Noah Davids and Corey holiday great uh discussion ready we've decided to speak a little bit about the biggest Trends what are the two or three big trends that might keep pushing through even if uh if we have a General market Trend where are those safe havens where are those Oasis even if the market starts to to pop a little bit so uh we're we're pretty much in agreement
on this as we talked before the show so we thought well let's share it with with everybody else and see what they have to say go to your invvy there like subscribe notification Bell tell your friends if you like this type of content uh let's begin with Corey this time little introduction briefly yeah so I got my start in the markets a couple of decades ago and I've traded about every Market imaginable stocks options bonds Forex what have you and uh went the traditional route of Licensing worked my way up to latter became a series
4 option principal which is the head of option trading uh managed hundreds of Traders at a time and I've been in the education space for over the last decade since I retired and love it love everything to do with the markets fantastic stuff Noah I'm a recovering technical analyst um now I got my start really Trading like that's kind of what got me excited about the markets was not so much the idea of investing it was the idea of I can trade and make money quickly fast now and over the years I mean I've had
success I've had great successes with trading and I've had big misses with trading but over the over time spending time with people like Andy and Corey has helped me and getting older probably has helped temper me and and and kind of oriented me more into a an investor who likes to read charts temper you temper Noah they helped temper me okay those were all lies he you're not recovering you are a hopeless technical an I am a hopess well In fairness he is recovering because he's got so many injuries from it my good slows you
down a bit but I I do love my technical analysis I love my chart reading I love my option strategies uh it's just best trade adjuster I've ever seen so you know I read charts and I and I try to adjust trades to reduce risk to mitigate down you lock in gains and it's that's kind of the way I think about is a technical analyst's ability to forecast the market is like a week maybe beyond that you got to get back into your fundamentals and Trends so talking about big trends I think is a big
important thing big trends are important um so we've we've talked a lot about the change in the tamber of the market might be a good word for that um we're much we've we're always cautiously bullish by Nature all investors are um but we're more extra cautiously bullish and uh and yet there are a couple of things that uh I think are not only helping support the market now but there's opportunities and I was on uh you know I do two podcasts we do the Casual Academy podcast I also do the stock cast where uh the
the folks at richad will interview me and get my opinion and I thought I'd I'd take one of the topics um that we spoke about and interjected it because it happened to be one of the trends um I think there's a great remedy for the the anxiety around Ai and job loss um I think if you're a white collar guy it's an interesting thing I I drove around in my dad's Volkswagen bus as a kid you know beat up Volkswagen bus and I grew up in the in the 70s and 80s mostly the 70s where
there was this it was almost an assault in fact you can find public service announcements and propaganda is really what it is in terms of uh propaganda in terms of working with your hands yeah I remember there were little brochures that would come through in grade school that said you know the ditch digging we look down on it we drive in my dad's van and we look out we see a ditch dig Digger and my dad would say look you know that's a ditch digger you don't want to do that son well you know I
I remodeled uh our home in 2020 and let me tell you those guys made Bank yeah I was like man that guy digging that ditch and that guy putting in the floor and that guy doing the you know all that type of stuff I couldn't believe how much they were making it's like that South Park episode where the plumber drives up and he's wearing a Louis Vuitton baseball cap that's not that's not fiction faret that's that's real so so anyway now we're we're changing all the blue collar guys we're looking at each other and like
man AI it's hard to build a robot to pick a strawberry right they've done it it's hard to build a robot to assemble an automobile they've done it it just doesn't seem that hard to replace thinking anymore especially um menial type of thinking where you just got to build a spreadsheet or you just got to you know do some word processing or you just got to write a blog or you have to collect a brief or find case law or you know any of the other searchable logical tasks um so if you have some anxiety
about AI replacing you your remedy is to own it yeah I think I think you got to buy more stocks now than ever before and and and I usually stay away from comparing asset classes because I love all I love business and real estate stocks I love all of it but I got to tell you the upside in stocks right now where where are you going to have an explosion like we're about to have in business with the technology that's going on I mean I I'm I'm still going to invest in real estate because it's
a necessity of life and and there can certainly be swells in it and the leverage you have helps and all that but as far as pure explosion of value that you can give somebody and value can give the world the masses and the chance to have an investment that just explodes uh Tech is on the precipice I say it that right that time I got it right that time precipice uh of two Frontiers um so we're going to talk about Ai and I think we all talk a little B about Quant Computing and it's kind
of weird I like Joe Rogan yeah remember when Joe Rogan was interviewing Bill Burr and they started talking about covid and billberg goes whoa whoa whoa no stop stop I'm not GNA have it you're not a doctor I'm not a doctor we're not talking about Co we don't know anything about this why are we going to act like we know about it so for me to act like I know about AI in Quantum Computing might be a huge misstep but we're going to we studied as studying as much as I can on it because I
think it's a big deal well and and to your point I mean when you're talking about if you're worried about Job losses go invest in the AI That's What corporations do if Google finds that they have a competitor they go and Gobble them up right if they're like oh this this company and and of course you know they create monopolies of sorts because if Google controls search and nobody else can really compete with them well they got a nice little business opportunity and Facebook did the same thing Facebook saw the writing on the wall that
Instagram was trending that way and they said well we're going to buy them up and so that would be kind of the idea is figure out where you're most vulnerable and why is it that this other company has the potential to replace you what is it that they're doing and so on and then figure out how to purchase them and I I think to your point I mean AI when you look at the way that it can transform the world I mean just the ability to do so many things for you um it's I mean
it's revolutionary at the same time when you look at investing I worry that a you're probably going to see huge losses in corporations first building out Ai and investing in that and I mean because Google and apple and Amazon and all these companies want to be first and biggest and so they're investing billions it's going to hit corporate profits initially for hopefully the big payoff down the road and so there is a little bit of nuance I think in terms of how we might be able to pick up some of these Investments some of the
strategies that we teach are you know how can I buy them on the cheap when maybe in the next year or two they're actually seeing a little bit of a hit because they're spending so much I mean these companies nuclear we'll talk about nuclear energy because that's a piece of AI but they're they're going to spend they've already signed up contracts to spend billions of dollars to build out these new nuclear plants well that's going to hurt them initially but it's going to take care of their AI energy needs down the road and so that's
how investment works is putting some money to work now for the bigger benefit and part of me feels like this the current AI race it's an arms race really at the end of the day and it feels a little bit doomish in the fact that the enthusiasm preceded the big profits yeah the enthusiasm for these companies that were you know venturing out into this new internet thing I that was such a Nuance that was such a new thing and the survivors of that initial correction where again the investment dollars came in and those that actually
produced the you know built and invested in the infrastructure and grew the companies out and those that you know they talked about how much money they had raised and all the Venture Capital going into it after the after the initial enthusiasm then you had the the companies that emerged that are really the biggest companies in the world right now they are and so I think that's kind of where we are right now with the a is the the hype is there the enthusiasm is there and because it's an arms race like I don't know who's
going to end up dominating AI but I know they're probably going to be using Nvidia chips I know they're going to have to build out the infrastructure to support the energy needs for it like I can't again I can't predict who the winners are but I can see the general trend of that and the winners will probably be TW it's a 2040 story it's like yeah you know we're in 2024 when we're talking about the massive profits that they're making from AI it's probably 2040 you know and and will it be some of these biggest
companies they've got the advantage because micros I mean they have the billions to spend they have the apple and Microsoft andon they have so much so they've got the lead by far I mean so I said this I I want to throw this out to you guys I said this in the podcast in the stock cast that I did earlier and you mentioned an arms race and this is so much different Ai and Quantum Computing and nuclear energy those three ideas are different than the internet was the internet. Boom felt more like those winners and
losers it felt like uh crypto and nfts we hired these people that haven't done anything here but they did stuff over there and we've raised a lot of money but we haven't made money here it's a little different I think in that you mentioned an arms race I think it's both I think it could be described as a gold rush and I think the internet was more of a Gold Rush Oh there's opportunity there's gold ises where you mentioned it's an arms race and I call it a space race yeah is you have Sputnik go
across the sky and now there's a fear that the Soviets get to the moon first well the stakes to get to AI first like true AI like General AI general intelligence AI the Space Race the fear element is as big as the greed element in other words there's a greed and a a gold Russian AI but there's a fear that someone else might get there someone else might get their first so the investment the amount of money and the amount of of energy to get their first manow woman power to get their first it's massive
and I'm not sure I don't know enough about the technology you know do you have a father son Duo a couple of PhD nerds working in their basement like Steve Jobs was building circuit boards there's a million of those guys and they come up with a big AI billion company maybe but not as likely I think as as Corey says uh IBM Microsoft meta Google Nvidia and not just those when I talk about Job elimination and the fear of job elimination these these technologies will will spread out and solve problems that that are in McDonald's
that are that are in you know regular you know Dupont uh regular companies financial companies so when I say own technology you're not just owning the the people who are creating it you want to own the people implementing and benefiting from it as well because whatever job you're in if it got placed by replaced by AI you want to own the company that replaced your job yeah true yeah I mean I look at it from my own needs and what I might be interested in using AI for in the future every time tax time comes
around I always feel like I do all the work and compile all this stuff and then they just know how to put the numbers together or whatnot I mean imagine being able to just import that information into Ai and it spits it out in a matter of a minute or whatever it takes and maybe less than that and here's all your numbers and the documents are done to the IRS and this and that it can read that 5,000 pages of task code better than any human can yeah and it I mean one of those things
where that's just a a small sample anything I don't ever work with lawyers really but anything associated with them in terms of you know if you could just plug that into Ai and get all this feedback and here's how you set up this Corporation and here's how you do this and that I mean it's it's revolutionary the thinking the the white callar thinking stuff is tough it's only a matter of time till I am replaced by a robot here like it's just like you're going to come into the podcast one day should we tell him
should we tell him in wait all three of us are avatars none of us are real actually these are just our avatars we're really on the beach somewhere yeah exactly um so Quantum Computing has been some that's been a rabbit hole I've been going down a little bit and the idea of quantum Computing you know you have you you have the old non uh you have the mechanical calculators you know that that worked on mechanical things then you went digital where you could have a bit that's on or off positive or negative charged not however
you want to talk about that bit and just the ability to transduce sight sounds video logic math computations everything into that language a bit is phenomenal you get these chips that are incredibly small that allow them to go faster great Quantum Computing is a little above my pay grade intellectually in that you have these Cube bits where you have every Quantum you have everything that exists between that zero and one and the there they from what I've read and studied you're not going to have Quantum Computing doing better video games that's not what they're for
but their ability to uh Crypt or decrypt uh in crypto in cryptography and their ability to analyze uh biological challenges and and really complex problems with lots of variables to try to find solution those problems the potential of this is just and the speed at which they can do this that's why they wouldn't be investing this much money in it if it were well this is where not making progress It's it's happening and this is where AI imagine I mean to use a healthcare analogy with that imagine they're able to find these solutions to complex
health issues I mean Cancer as an example save diabetes you might it might be a situation where basically let's say that Microsoft wins in that space and they solve a big problem with cancer well Microsoft just became a biotech company it's crazy you know so now they're making profits and they partner with whoever whatnot and now they're making profits off of healthcare and you're looking at IBM and you're going well how is IBM IBM has nothing to do with you know solutions to healthcare well they just did because it's their AI system that that figured
it out you know so the possibilities I mean are mindblowing when you start thinking about the companies that have ai if they can solve Solutions bring utility to it oh yeah and then you're looking at it from the standpoint of us as human beings I mean I look around this room we've got cancer survivors all over the place I had it twice I mean imagine the ability of AI to sort of predict and and say okay here's here's things that you have to be doing and here's the probability you know I mean it it can
get a little out of control but they might be able to basically predict cancer even before it happens type of thing and and so on and so forth so there might be remedies predict that just by your consumer habits yeah and that's what I'm saying is like they might had McDonald's that's your odds of this just went up so when we come back we talk about Ai and financial education because someday AI is going to be able to do a lot of this for us will it replace Financial education it could yeah it's not going
to happen anytime soon but we're going to talk about really how does a person position themselves to take advantage of this stuff and we'll do that when we when we come back uh from this break I am learning a lot and it's easy to understand Andy is fun Andy's very enthusiastic to watch he makes it a lot simpler to understand I'm really benefiting from everything that he's teaching I think the most valuable thing I've learned from Andy so far is the fact that it's not scary and it's easy to do anybody can do this with
the right amount of Education effort and willingness to learn you can learn it too Andy thanks for making this um simple thanks for making this fun thanks for pouring your heart into this thank you very much welcome back to the cash flow Academy podcast I'm Andy Tanner this is where we do our very best to make investing simple I'm joined by Corey holiday and Noah Davidson my two best investing buddies and we teach together we learn together like subscribe notification Bell and most importantly go to yourin docomond learn and speaking of your investing class I
usually I'm going to repeat myself learn to trade stocks I would applore everyone to learn or learn invest in stocks learn the four pillars here's why I just don't see the explosion available like someone I'm going to start my own business okay great um oh I'm going to go buy a piece of stke great go do it go buy some gold but the the explosion in business as a result of nuclear energy Quantum Computing and Ai and that little trifect and how those May intertwine with one another there it's it's just you got to own
stocks and you got to learn how to own them there are principles like AI is certainly like you say this is a 2040 deal like people say hey man I'm like try this type in chat GDP and say give me the best stocks to buy so I can be a billionaire it's not there I've done that it's giv me a pretty good list of stocks but it probably to work with it probably gives you the stocks that have been the best recently and it says oh here's the one and they're almost well let me say
they're basically never the ones that are the next best for the next 20 years chat GDP is awesome for menial tasks and you know build this spreadsheet for me but if you ever really have a conversation with it it's it's incredibly inaccurate the problem with AI chat GDP is that it's sourced from humans so what I found is a it has a lot of the human flaws built in mostly rhetorical context flaws of lying um it lies just incessantly um books that don't exist uh reports that aren't there uh players on a roster that are
not accurate and true it it's not accurate um that's why there's a disclaimer at the bottom hey when it's important you better double check yourself so it's it's really really really important that we still as human beings learn because while they can do minial tasks it doesn't learn as well as we do yet so learning is still the premier skill it's still is and it'll be for a while oh yeah uh who knows what it comes up with by 20 240 but if a person doesn't own this stuff because you can only own it you
know I mean it not going to get cheaper I don't think you'll have a you and you'll have some Cycles where you can buy some bottoms for 40 years from now uh you're going to you're going to you're going to absolutely Google ComEd out at what came out at what uh like 80 bucks a share or something was that no well it's been split adjusted so many times8 to $100 a sh it was like 80 but it's split adjusted it's probably like $4 or whatever it is you know I mean if you were buying Google
of four you're never going to to get a chance to do that again never and what's crazy is is that's a rebirth for Google it's a rebirth for IBM it's a rebirth for NVIDIA it's a rebirth for Apple it's a rebirth for meta to where even at these pees they they might be value stocks especially if they pull back a bit I mean you know you think about the financial markets and Ai and the ability to replace some of what we do the problem with that is I think a lot of what what we do
and what we teach is behavioral much more than it is cuz anyone can learn you know re a bull put spread or whatever the strategy is and Warren Buffett didn't make his money because he had this system that nobody else could learn that he was the only one that's smart enough to no no no he made his money because his temperament is so much better than everyone else's cuz he has a calm about him where he doesn't get caught up in the fear and he doesn't get caught up in the greed and he's learned certainly
some principles of you want to own for the long term and you want to do this and that and buy when they're cheap and buy on people's fear but it's behavioral that that's what he emphasizes much more and so the behavioral aspect of it is I think something that you need constant education like I I look at people and they can't just learn the behavioral once and go oh I'll be good when a bare Market comes you know I'll be prepared for it seven years from now because I learn that well you should buy when
others are fearful just doesn't work that way when people are caught in that period of time if it hasn't been reinforced and reinforced that's kind of what I meant when I was talking about the.com era like it wasn't not the actual money and the and the you know technology and that no the behavioral aspect of people being all excited about it and getting ahead of it and and seeing that it paid off 20 years down the road so it's the timing and the temperament just coming back to that and saying yeah I mean you can
buy those things right now I have a game plan to control the risk on the downside because I don't think I'm going to time it perfectly by any wild stretch or that I'm going to pick the very best horses to win that race it's one of those things where I can I can say okay these are the top contenders right now I can own these stocks I can protect them on the downside and lower my cost base in the event of volatility picking up in the market correcting and then you know the big profits coming
in 2040 exactly so and and if you have that mindset I mean think about the difference in temperament where you're like man this is going to pay off for me big in 2040 people don't think that way like most people the public as soon as we say that our listenership drops they're like no I want make these guys are Daddy I want an Oompa Loompa today exactly it's now yeah I want it's get rich quick mentality but that's the world we live in but if you have the proper temperament you're going to be killing it
in 2040 when these people are still trying to get rich quick and they've made nothing job they have no assets and yeah I mean it's never been a more important time for sure the further you long you go so three Trends two or three Trends first Trend AI that Tech second trend Quantum Computing that is so interesting to me um IBM I mean you know you have you have Google making strides with their little chandelier you know stuff and keeping it cool and all this crazy Tech but the idea to stabilize the the problem with
with Quantum Computing the biggest problem they have is is keeping it stable long enough for it to work over long periods of time yeah because you have you know you have this every that is existing between a bit of on and off of one and zero and everything in between and trying to stabilize this in a way where they can use it effectively is quite an intellectual stretch to understand it but to stabilize it and IBM they've made some big strides yeah you know in in being able to stabilize and keep it keep it in
a state where they can use it longer before it kind of doesn't fly for anymore yeah and that's one of the things that I've Loved about IBM is you're getting AI Quantum Computing exposure at a relatively cheap valuation compared to so many other things it's been in in the 10 to 20ish range I'm not sure where it is exactly today but you're looking at all the other companies that are in the 40s 50s 60s heavy investment but you know and so even if it doesn't pan out quite as well you could still make money in
that investment and if it does like if they strike it big in some of these areas then it's a home run it's a grand slam it's a new one but I think AI I mean I'm so excited about some of the stuff so I was watching Thursday night football and it's on Prime and it's powered by AWS Amazon web services so if Amazon broke apart I wonder if their web services their technology divisions probably bigger than their retail if they were to spin off you know Amazon's almost a two trillion I wonder if the web
portions 1.2 and their real EST or their retail might be you know 800 whatever but it was cool watching this so I went into I hadn't done this before but they had a mode of the game that was basically using technology and so when the runner would run it would show his Trail and it would highlight the players that were most likely to Blitz and it would give you a notification whether the defense is in a Zone or a man and so as you're watching this entertainment if you know more about sports it made it
awesome because you're and it would show this these statistics of the probability of this catch percentage was 1.4% and you know and so you're having this experience where you're watching the game but you're getting all of this data now some people might hate that but for me I love the numbers of it like oh man that's man you bet your sports betting is going yeah exactly and I'm sure I'm sure the sports betters are just loving that stuff but it it made the viewing experience actually that much cool because like when you watch basketball you
see stuff other people don't see exactly but it's kind of cool to have all of this information some people just want to sit down and not think and watch the game I get that too but it was pretty cool to watch this option anyway and have that option of man seeing a lot of the statistics and hey this is a third and 12 and the odds of picking up a first down in the NFL at that yardage is low percentage and so that'll change education too because the castal academy we'll be able to use this
to find someday to find people's out like we do a pretty good job of helping people where they're at yeah but when you can design programs and tutors for people I mean I can't wait to implement some of this stuff in the here's here's your goal and here's your probability of hitting that here's your age here's how you think and how you learn here things you need to do to increase that ucation already leaves schools in the dust for uh because of the utility of it U most of the stuff people learn in school is
the same as the 1800s you know you got a classroom and someone talking about General stuff yeah and you've already built a program that kind of talks about well what you know what are you what are you striving for and how much percentage return will you need but it'll just get better so you got you got AI you got Quant and then you got energy let's talk about energy for a minute so in our last podcast we talked about how it's a little bit difficult to buy things now so I bought some I I sold
some uh some puts to get it put to me missed the train got paid nice premium you were in you made more than I did not freaking surprising um if you just join the Illuminati already I you know if I could just get I don't know how to join I don't know what kind of you know sacri well it involves sacrificing animals and things so I hope you're okay with that I know you got chickens and stuff a Osborne yeah exactly so anyway Noah Noah went out and got Ducks so that's why he wasn't invited
in he's been eating duck eggs but you ate a duck egg didn't you they're delicious oh my goodness he's eating duck egg if I had served it to you on a plate with some bacon you wouldn't know the difference I know that was bigger isn't it a little bit bigger a little bit bigger so anyway uh Quant Compu in uh uh AI energy I don't think it's just um fision or Fusion you know whichever one they try to do the Fusion's really hard to do but they're going to figure it out um these guys they're
it for someone who doesn't know a lot about Computing the fact these guys want to build their own plants to get wholesale electricity means they must their electric bills must be astronomical already um I think they're already at a bottleneck for energy needs and looking out into the future and going we're we need our own nuclear power plant we need our own nuclear power plant and so now Microsoft Amazon and Google have all entered into multi-billion dollar contracts for nuclear plants um and those are the three that I know of just in the last week
or two they need wholesale electricity so what that tells me is energy across the board is it a premium yeah and I I love this idea because now you've got your Tech play you've got your Bitcoin play you've got every kind of play you can imagine uh I bought some utility you know I don't really care how they make the stuff but I don't mind owning utility to to have it and uh I I just think there's a huge need for all kinds of energy whether it's utility basic materials you can just look at the
the mining stocks the uranium miners there's there's a handful of plays out there they're making ETFs right now specifically for Uranium because they think that the demand for that is going to go up so and I think I don't know I I still think owning companies is better than ETFs there there's trade offs I mean there's pros and cons to both and I prefer I prefer owning companies for me it always comes back to do I have options can I can I hedge my bet it because the ETFs have that but they get really really
lean and and ETFs let me tell you how ETFs work um it's a lot different than a company works and well you tell me if I'm wrong you guys tell me if I'm wrong if I'm going to if I'm going to be a a a uranium company then I'm into that business I'm going to get some uranium and we're going to sell it to somebody we're going to mine it and you know enrich it or whatever we have to do to to to sell it ETF start this way bunch of guys come together say hey
let's make a lot of money yeah let's go make a lot of money from people and and and build an ETF because we want to make a lot of money and I remember years and years ago uh Robert kosaki called me he says Andy these guys uh want to do a they've approached me and they want to do an a rich dad ETF talk to them right just just talk to these guys and it was so funny because these guys had no idea about anything uh other than they wanted to make money I said so
what's this ETF going to be on they go we'll just use your strategies Andy you show us what your strategies are you know you we'll put them in the computer and then we'll have this ETF and all this stuff and and it's just I I said how are you going to know that my strategies work they said well we'll back test them I says oh okay you're going to back test all my strategies all right wonderful um that's like that's like saying no one will ever break a 4minute mile yeah all of those strategies work
until until they don't and you can't really program it based on principles you can only program it based on strategies it's hard for these guys to understand yeah but these guys wouldn't know how to invest their way out of a wet paper bag and I said Robert don't my you do what you want but my opinion is don't walk run uh because they just were there to make money they they weren't there there was no value in what they were doing they they knew there's there's a big brand it'll get attention and people throw cash
at it we'll make money you know we create a little shell company that'll hold the stocks then we charge a little service fee and it's all about the that little it's the middleman they're middleman and it's it's like REITs just a lot like a Reit right you're going to get paid this fat dividend but they're a casino that tries to bring in buyers and sellers and have no risk and make the little spread you know and that's what ETF companies are and you know when you're buying an an ETF you're basically suggesting that you're ignorant
to what the best company is you're saying you sound like Warren Buffett yeah I mean you're basically saying I don't know which one's the best but I want to play this trend in X you know so I to where do you use an ETF I think let me tell you some ETFs I love not to dry grass too far from our Trend topic but but if you want to if you want to play around with gold that's a great the GLD speak of gold it's been on a tear yeah that's a great that's another interesting
hedge concern for me it's like the fact that I'm seeing gold and silver hitting these alltime highs the same time the market is hitting these alltime highs and even though the US dollar is on an absolute tear to the upside cuz historically it's crazy US dollar straight up normally NE doesn't make sense they're usually inversely correlated and then for Hedges if you want to buy some puts and you want to buy some puts on the spy and get Edge you know if you want to using ETFs for hedging so there's some I'm not saying ETFs
are all bad there's there's some good to them but you know go buy the Bitcoin ETF to get exposure well just go buy Bitcoin then yeah you know just go buy the coin yeah and the only reason I would I would say that Bitcoin ETF might be superior to bitcoin is well you can cash flow it now you can cash flow Bitcoin spr as well but the spreads are wide ETF the spreads are tighter yeah and so there are some from thehow better spreads on the derivative than the underlying yeah that's a little weird it
is but it speaks to it speaks to the difference in the markets like people have traded options on the ETFs for so long that ETF just naturally have better liquidity for whatever reason you go from cash to ETF easier than you go cuz now you got to go stable coin you got to go t all that stuff anyway you have to to worry about someone stealing your hacking in you know the AI that you're trying to program actually steals your Bitcoin and takes it from you and then you're like oh so now you can't write
any calls because they just took your Bitcoin away well at least if you had the ETF you don't have that risk so anyway energy back to energy that's that's uh adits this feeling that there's there's surface tension it's so weird because there's this surface tension in in a what we might call a bubble uh unbridled greed pushing it higher Schiller PE pushing at higher inverted yield curve suggesting proximate fear as opposed to distant fear uh all this stuff in a surface tension and yet underneath it inside that bubble there's that AI there's that energy play
and there's that Quant play that technology play I I think it's both I think it's a bubble that's going to first and I think there's real companies that are going to make massive amounts right in the middle AI emerge from in 2040 or whatever and so we're living into different dynamics of is you know are we too far too fast Etc you know are these companies going to lose money initially on AI are there a lot of frauds in AI you know the the quantity of companies mentioning AI in their earnings reports in the last
earnings results I think it was something like 60 some odd percent of companies mentioned AI in their reports you know so when everybody the whole world is focused on this one thing that's typically how Bubbles form right the same thing happened with and so I think you're going to find there's going to be a lot of companies that will change their name and their symbol to something related to a and these companies won't have anything to do with AI and they'll never succeed and they're just frauds that are trying to pretend to be AI companies
and those are the zombie companies that'll never have a chance but you are going to find when you go to 2040 and it's hard to know who it's going to be but there are going to be a couple of companies a few companies that like the same way with www.t there's going to be the Googles there's going to be the apples there's going to be companies that somehow someway they figured it out and you know there's probably other companies that would have been but YouTube would have been massive but Google bought them out smartly you
know so they became part of and so there's going to be other companies that are outside of Microsoft and Google and they'll they'll see the writing on the wall and Microsoft will go that company is doing things in Ai and they'll buy them out even buy the bad ones like Yahoo bought Mark Cuban's company for 5.7 billion there'll be some swing swinging misses for sure just in case but they're big enough to do that and handle that stuff all right last one healthc care um I think that's a rough one because there's so much Co
fatigue that anyone that creates a new vaccine is just like no yeah you know no um you know the there was such a breach of trust uh in that and so much misinformation such a poit you know was politicized to agree where stuff like that is just really really scary on the other side you got OIC OIC yep you know you got OIC which is yeah and and Nova nordis is on sale right now I mean off the highs anyway it's down is it um I think it's a I think the easy solution is is
very very tempting um you know as far as drug companies go like they got a large portfolio like the Johnson and johon of the world you probably got some stability there but for the you know for that Trend in the fat of the weight loss drug that's human nature I think is kind of the thing that you're that you're betting on there is is not so much that who's got the best pill it's that people are going to buy the pill yeah and the two big companies in that space are Novo who you mention nvo
as the symbol and then Eli Lily um which has is it monjaro l l y is is Eli Lily stock symbol and those two have been I mean you can see it in their stock charts they've been the two big Winners to this point and other companies I mean are trying to get into that space that that is a it's a fad but it's not going away either I wonder if it's a fad and that it's maybe not the ideal way like you know got big guy like me I think gee I can eat less
or move more or eat that pill that's tempting but you know I I had some dear friends and and even family members who you know that that type of stuff kind of runs in my family a little bit yeah and I remember um some friends and relatives that were talking about getting a bypass Sur say you out of your mind you know you're doing that you're young what are you doing save their life yeah you know and and if you're not going to eat less and move more maybe I you know maybe I need to
go under the knife and join him cuz long term in other words is OIC worth the side effects I guess we'll find out if it is yeah but that's certainly a trend that's always the scary part is obviously the best thing is to not take anything because then you I mean the body is built in an incredible way but anytime you take a pill I mean there's a reason that they run the commercials and they say yeah you may experience this this this and this well those are real symptoms right that somebody somewhere has experienced
so it's one of those things where of course the the risk to reward is always what people are weighing and some people get to the point where they're like I'm not going to diet and exercise so this might be the better solution Healthcare is a tough Trend to call because I like why do you like real estate because it's a necessity of life people going to pay for Real Estate they're going to pay for food clothing shelter right but they'll also pay for health care I mean they want to be they want long life long
life and looks people care about how they look and maybe not enough to maybe not enough how we say people care as if like we're not part of that group that was a total third person uh cuz we don't care come on you're so B you probably think this podcast's about you I mean my wife can barely get me to comb my hair for this podcast you kidding me right I mean I you know what do I I say people because you know we probably don't care as much as most people we don't care as
much I mean I haven't bought my own clothing in a in a long dang time my poor wife you know she there's the the BBD is out there she's just too tired to look I think you know the BBB you know what the BBB BBD is bigger better option bigger better deal yeah but uh the other thing that's hard about healthc care is our health care system's broken and when that breaks what does that do does it help it or hurt it I think it probably hurts it um it's really really easy if you subsidize
education the cost of Education will go up if you subsidize healthc care theal goes up if you stop subsidizing those things the cost will fall because the demand will fall because people can't don't have the money to demand it so I think that's kind of a scary one I think I like Tech better I think I like energy better I have not ridden the OIC wave haven't bought have you bought any of that no I've got um butterfly spreads on it where just limited Expos you're trading it for stuff that I don't have a ton
of confidence in I will use a limited leverage type setup where again I'm not going to tipe a bunch of capital in something that I just don't have like you know it's it's easier for me to tie capital in like a in a tech stock like Microsoft that's not hard you're trading it you're not owning it yeah okay that's but I position trade it like longer term like I I'll give it out till March and set it up with lowrisk you know High reward stuff like that I've done some of it I've actually had more
um in did you buy it or trade it I've I've bought some but I've owned more in ABV and ABV is kind of famous for having bought out Allergan which I think is the biggest company in plastic surgery so apparently I have more money in the idea that people care about their their looks than than uh just the the mju and you know Novo plays but I think at the end of the day that those are Trends in healthc care that you can see it in the charts that I mean the the earnings the revenues
all of that that it's been it's been trending in the right direction for the OIC face could you put like Botox and fillers in to kind of P it back up my here we go here we go oh boy see here's what you do you go by Novo so that you lose weight and then you buy ABV so that you get the breast implants or whatever put it right in the back put all stuff right in the back place but yeah exactly I I'm all for it man to each their own I don't care well
you know we're going to live this transhumanist world where it's all going to be altered okay now we got our tin foil hat on this has been the cash FL Academy podcast and I'll bet the I'll bet you think this podcast is about you cuz it is it is that's what it's for we do it for you hit like hit subscribe hit notification Bell hopefully that gives you an idea of of where we're positioning I I think there's a lot of tension in the bubble but I think underneath that there's opportunities in energy I think
there's opportunities in I Ai and I've uh I've invested in some of that stuff and even the nuclear play we' bought a little we bought a tiny bit of that even this morning so uh with that we hope you enjoyed our conversation about different trends that might survive the the the bubble and do well in it um we'll see you next time
