1 00:00:28,430 --> 00:00:32,790 Suze: June 8, 2025. Welcome everybody to the Women and Money 2 00:00:32,790 --> 00:00:37,388 Suze: podcast as well as everybody smart enough to listen. All right, 3 00:00:37,529 --> 00:00:40,129 Suze: we have a surprise for you today, but before I 4 00:00:40,130 --> 00:00:43,549 Suze: tell you about that surprise, I just want to remind 5 00:00:43,549 --> 00:00:47,810 Suze: you that you have a few days left till June 12th, 6 00:00:47,990 --> 00:00:54,509 Suze: the end of June 12, to go to musthadocs.com/birthday to 7 00:00:54,509 --> 00:00:55,509 Suze: get the must-have docs 8 00:00:55,959 --> 00:01:01,240 Suze: for $74. It's an honor my 74th birthday, so you 9 00:01:01,240 --> 00:01:04,518 Suze: should take advantage of it. Remember, a will, a living 10 00:01:04,519 --> 00:01:07,610 Suze: revocable trust, an advanced directive, a durable power of attorney 11 00:01:07,610 --> 00:01:11,239 Suze: for healthcare. For $74 you go to an attorney, they 12 00:01:11,239 --> 00:01:16,080 Suze: would be $2500 or more. And with this, they're good 13 00:01:16,080 --> 00:01:18,518 Suze: in all 50 states. You can make as many changes 14 00:01:18,519 --> 00:01:21,199 Suze: as you want. You can always come back and update 15 00:01:21,199 --> 00:01:25,040 Suze: it for nothing. You should take advantage of it. All right. 16 00:01:25,580 --> 00:01:31,250 Suze: Let's go to Suze school. You know, obviously, over the 17 00:01:31,250 --> 00:01:32,620 Suze: past year or two. 18 00:01:33,400 --> 00:01:37,309 Suze: I have been recommending a stock by the name of Palantir, 19 00:01:37,919 --> 00:01:42,518 Suze: and that recommendation came from Keith Fitz-Gerald. Many of you 20 00:01:42,519 --> 00:01:45,559 Suze: are part of his One Bar ahead group, and you 21 00:01:45,559 --> 00:01:48,430 Suze: all love it. You're all smart enough to do that, 22 00:01:48,639 --> 00:01:52,559 Suze: but many of you are also part of 5 with Fitz, 23 00:01:52,680 --> 00:01:57,199 Suze: which is his absolutely free 5 days a week update 24 00:01:57,199 --> 00:01:59,910 Suze: on what he thinks you should and should not be 25 00:02:00,129 --> 00:02:01,529 Suze: doing just that simple. 26 00:02:02,230 --> 00:02:04,910 Suze: Many of you have been mad at me. You've been 27 00:02:04,910 --> 00:02:08,830 Suze: so mad at me because how could I recommend a 28 00:02:08,830 --> 00:02:13,830 Suze: stock like Palantir, Suze Orman, don't you understand the destruction 29 00:02:13,830 --> 00:02:16,910 Suze: that they're doing to the United States of America and 30 00:02:16,910 --> 00:02:21,258 Suze: on and on and on. And so I thought, especially 31 00:02:21,258 --> 00:02:24,269 Suze: with the news, if you've been watching the news lately. 32 00:02:25,529 --> 00:02:30,109 Suze: It's been like, oh my God, Trump has tapped Palantir 33 00:02:30,110 --> 00:02:34,520 Suze: for possibly three projects, and immediately the stock goes down 34 00:02:34,520 --> 00:02:37,839 Suze: from like 130 all the way down to 119. Then 35 00:02:37,839 --> 00:02:41,029 Suze: the very next day it opens up at 124, 125. 36 00:02:41,199 --> 00:02:45,079 Suze: Here's the thing you've got to understand what is Palantir? 37 00:02:45,949 --> 00:02:48,740 Suze: Should you be mad at me that I recommended it? 38 00:02:49,229 --> 00:02:53,990 Suze: What should you understand about investing in stocks? When should 39 00:02:53,990 --> 00:02:57,070 Suze: you hold? When should you sell? What should you do, 40 00:02:57,470 --> 00:03:02,190 Suze: especially with a stock like Palantir, that truthfully everybody has made 41 00:03:02,190 --> 00:03:03,259 Suze: us more money. 42 00:03:03,899 --> 00:03:06,899 Suze: Than any stock that I'm sure you have ever had 43 00:03:07,100 --> 00:03:11,619 Suze: in your portfolio, 'cause remember Keith started to recommend to 44 00:03:11,619 --> 00:03:15,910 Suze: buy it when it was $7 a share, OK? 45 00:03:16,630 --> 00:03:20,289 Suze: So I thought rather than me trying to explain it 46 00:03:20,288 --> 00:03:24,389 Suze: to you, that I would have the maestro himself, Mr. 47 00:03:24,600 --> 00:03:29,059 Suze: Keith Fitz-Gerald, on the podcast today, so that I could 48 00:03:29,059 --> 00:03:32,800 Suze: ask him questions on your behalf, and maybe you could 49 00:03:32,800 --> 00:03:36,600 Suze: get an understanding of why we recommended it, or I 50 00:03:36,600 --> 00:03:39,919 Suze: should say Keith recommended it, and why I believed in 51 00:03:39,919 --> 00:03:44,190 Suze: that recommendation so that I then started to recommend it 52 00:03:44,190 --> 00:03:44,910 Suze: to you. 53 00:03:45,320 --> 00:03:49,550 Suze: And how should you feel about things. So Keith, welcome 54 00:03:49,550 --> 00:03:53,139 Suze: to the Women and Money podcast once again. 55 00:03:53,539 --> 00:03:56,339 Keith: Thank you so much for having me and to everybody 56 00:03:56,339 --> 00:03:58,649 Keith: who's spending a few minutes of their time with us today. 57 00:03:58,820 --> 00:04:00,130 Keith: What an honor. Appreciate it. 58 00:04:00,339 --> 00:04:02,850 Suze: You know, it is an honor, Keith, because as many 59 00:04:02,850 --> 00:04:06,380 Suze: of the listeners know, I don't have guests 60 00:04:06,464 --> 00:04:09,574 Suze: on this show. I get people who write into me 61 00:04:09,574 --> 00:04:12,214 Suze: all the time and say, Suze, I have this expert 62 00:04:12,214 --> 00:04:15,095 Suze: on so and so. Can they be a guest on 63 00:04:15,095 --> 00:04:17,415 Suze: your show? And on and on, and I always write 64 00:04:17,415 --> 00:04:19,933 Suze: them back and say, Don't you listen to the Women 65 00:04:19,934 --> 00:04:23,815 Suze: and Money podcast? We don't have guests. It's just me 66 00:04:23,815 --> 00:04:27,605 Suze: and KT. That's it. But every once in a while, 67 00:04:28,255 --> 00:04:31,894 Suze: I really believe there has to be an exception to 68 00:04:31,894 --> 00:04:32,683 Suze: the rule. 69 00:04:33,279 --> 00:04:37,250 Suze: Especially with somebody like you, Keith. Keith, just tell people 70 00:04:37,250 --> 00:04:41,130 Suze: a little bit about you and why I go to 71 00:04:41,130 --> 00:04:47,470 Suze: you when I really wanna know deep inside information, not insider, 72 00:04:47,880 --> 00:04:53,459 Suze: but inside your head about what's going on, not only 73 00:04:53,459 --> 00:04:56,480 Suze: in the stock market, but in the economy. So let 74 00:04:56,480 --> 00:04:58,789 Suze: everybody know just a little bit about you. 75 00:04:59,160 --> 00:05:01,720 Keith: Oh my goodness, you are most kind, so. 76 00:05:02,040 --> 00:05:04,558 Keith: So for right or for wrong, for better or for worse, 77 00:05:04,678 --> 00:05:07,269 Keith: I've been doing this since I was 15 years old, 78 00:05:07,440 --> 00:05:12,359 Keith: so 45+ years in global markets right now, and I 79 00:05:12,359 --> 00:05:15,519 Keith: love what I do. This is a big puzzle unfortunately 80 00:05:15,519 --> 00:05:17,880 Keith: we've gotten a lot of stuff right over the years. 81 00:05:17,959 --> 00:05:20,839 Keith: Now we made some mistakes, but that comes with the territory, right? 82 00:05:21,260 --> 00:05:23,149 Keith: But I'm what you see is what you get. I 83 00:05:23,149 --> 00:05:25,299 Keith: put my shoes on just like everybody else, and what 84 00:05:25,299 --> 00:05:27,829 Keith: people tell me, including yourself, is that I'm good at 85 00:05:27,829 --> 00:05:31,600 Keith: common sense, breaking it down, no $5 words needed because 86 00:05:31,600 --> 00:05:34,510 Keith: you know what, if you invest in optimism, the profits 87 00:05:34,510 --> 00:05:37,829 Keith: eventually follow. And if you can do that consistently, you 88 00:05:37,829 --> 00:05:40,269 Keith: have a framework, you can keep your emotions out of 89 00:05:40,269 --> 00:05:42,510 Keith: the equation, and we're all guilty of letting them in 90 00:05:42,510 --> 00:05:44,100 Keith: once in a while. But if you can do that, 91 00:05:44,428 --> 00:05:46,428 Keith: then you know what, you got a pretty darn bright 92 00:05:46,428 --> 00:05:49,549 Keith: future in front of yourself. I'm married, got two grown boys. 93 00:05:49,635 --> 00:05:52,255 Keith: Live in the Pacific Northwest and travel the world because 94 00:05:52,255 --> 00:05:53,734 Keith: I love what I do and I love the people 95 00:05:53,734 --> 00:05:57,614 Keith: I meet, and I love the fact that innovation always 96 00:05:57,613 --> 00:05:58,494 Keith: produces profits. 97 00:05:58,695 --> 00:06:01,214 Suze: And just tell people a little bit about how many 98 00:06:01,214 --> 00:06:04,404 Suze: firms you've worked for and how long you've been doing this. 99 00:06:04,695 --> 00:06:06,974 Keith: Oh my goodness, sure. So I made my first trades 100 00:06:06,975 --> 00:06:10,164 Keith: when I was 15 years old, learning at the feet 101 00:06:10,165 --> 00:06:14,294 Keith: of my grandmother Virginia Mimi Gruner, who was widowed at 102 00:06:14,295 --> 00:06:16,934 Keith: a very young age and left with a tiny little 103 00:06:16,934 --> 00:06:17,975 Keith: life insurance settlement. 104 00:06:18,459 --> 00:06:21,910 Keith: And she turned that because she became a global investor 105 00:06:21,910 --> 00:06:24,500 Keith: before the term even existed, and she got so good 106 00:06:24,500 --> 00:06:26,920 Keith: at what she did that she turned that little tiny 107 00:06:26,920 --> 00:06:29,320 Keith: settlement into everything she needed to live for the rest 108 00:06:29,320 --> 00:06:31,440 Keith: of her life and then some. She made sure I 109 00:06:31,440 --> 00:06:33,760 Keith: understood how money worked. She made sure I knew that 110 00:06:33,760 --> 00:06:36,558 Keith: the world was bigger than my garage. So I started 111 00:06:36,559 --> 00:06:38,760 Keith: making my first trades. I was fortunate to get quite 112 00:06:38,760 --> 00:06:40,679 Keith: a few right that helped pay for college, for my 113 00:06:40,678 --> 00:06:43,320 Keith: living expenses, all sorts of things. I never looked back 114 00:06:43,320 --> 00:06:45,519 Keith: and I started in the late 80s at a firm 115 00:06:45,519 --> 00:06:48,040 Keith: called Wilshire Associates, which today is one of the 116 00:06:48,345 --> 00:06:52,493 Keith: pre-eminent worldwide consulting firms, uh, trillions of dollars under advisement 117 00:06:52,494 --> 00:06:55,695 Keith: and consultation. I learned what worked on Wall Street. More importantly, 118 00:06:55,803 --> 00:07:00,174 Keith: I learned early on what really works for individual investors 119 00:07:00,174 --> 00:07:02,695 Keith: and importantly what doesn't work. And so I began to 120 00:07:02,695 --> 00:07:05,005 Keith: put two and two together and ever since, you know, I've, 121 00:07:05,095 --> 00:07:07,515 Keith: I've just been around the world, the global financial centers 122 00:07:07,515 --> 00:07:09,855 Keith: worked with lots of big funds, small funds, big firms, 123 00:07:10,015 --> 00:07:13,295 Keith: small firms today advise a number of advisors. 124 00:07:13,829 --> 00:07:17,869 Keith: Uh, on security selection, market strategy, and in addition, we 125 00:07:17,869 --> 00:07:21,540 Keith: write One Bar Ahead for individual investors around the world. 126 00:07:22,070 --> 00:07:25,869 Suze: Everybody, that's Keith's brief history to tell you the truth. 127 00:07:25,970 --> 00:07:28,820 Suze: It's far more extensive than that, but I'll let him 128 00:07:28,820 --> 00:07:33,869 Suze: be modest for right now. We have a stock, Palantir. 129 00:07:34,429 --> 00:07:39,380 Suze: Most people don't even have a clue what Palantir does. 130 00:07:39,589 --> 00:07:42,149 Suze: So first of all, let's explain that to them. They 131 00:07:42,149 --> 00:07:45,869 Suze: just hear me say buy Palantir, and they do. They 132 00:07:45,869 --> 00:07:48,559 Suze: look at the symbol, they go, OK, and they don't 133 00:07:48,559 --> 00:07:52,829 Suze: know what they have purchased. Tell everybody what they should 134 00:07:52,829 --> 00:07:54,670 Suze: know about Palantir. 135 00:07:55,239 --> 00:07:58,940 Keith: Absolutely let's keep it really simple. So in the old 136 00:07:58,940 --> 00:08:02,380 Keith: days when you put together databases stuff in spreadsheets and 137 00:08:02,380 --> 00:08:06,260 Keith: nice orderly linear columns, you got what was called big 138 00:08:06,260 --> 00:08:09,739 Keith: data and firms like SAP and Oracle, the legacy names 139 00:08:09,739 --> 00:08:13,700 Keith: of the past were great at organizing that stuff, but 140 00:08:13,700 --> 00:08:14,820 Keith: the problem that we've got 141 00:08:14,954 --> 00:08:17,665 Keith: in today's world is that the data has become chaotic. 142 00:08:17,704 --> 00:08:22,095 Keith: It's become multifaceted. It's become multidimensional and so we've got 143 00:08:22,095 --> 00:08:24,125 Keith: so much data, not many people know this, Suze, but 144 00:08:24,125 --> 00:08:29,065 Keith: we've created something like 98% of all the data that 145 00:08:29,065 --> 00:08:33,784 Keith: has ever been created in recorded human history within the 146 00:08:33,784 --> 00:08:36,145 Keith: last five years. Now think about that for, I mean 147 00:08:36,145 --> 00:08:40,824 Keith: that is a staggering figure. The average person today encounters 148 00:08:40,825 --> 00:08:43,864 Keith: more information in a single issue of a newspaper. 149 00:08:44,130 --> 00:08:46,750 Keith: That a person living in the 1700s would have seen 150 00:08:46,750 --> 00:08:50,200 Keith: in their lifetime, so this has continued to accelerate and 151 00:08:50,200 --> 00:08:52,869 Keith: the data continues to get more complex. The problem is, 152 00:08:53,119 --> 00:08:55,599 Keith: as the data gets more complex it becomes harder to 153 00:08:55,599 --> 00:08:59,030 Keith: work with. Now that's where Palantir comes in. They take 154 00:08:59,030 --> 00:09:03,159 Keith: this chaotic data and they take all these nice neat 155 00:09:03,159 --> 00:09:08,119 Keith: stacks of information that you can't otherwise access, organize, or 156 00:09:08,119 --> 00:09:09,159 Keith: even make decisions with. 157 00:09:09,450 --> 00:09:11,478 Keith: And they allow it to talk to each other and 158 00:09:11,479 --> 00:09:14,900 Keith: the byproduct of that is that clients who use it, 159 00:09:14,919 --> 00:09:18,880 Keith: whether it's commercial, whether it's corporate, whether it's government, no 160 00:09:18,880 --> 00:09:22,799 Keith: matter what the application is, suddenly you can make decisions 161 00:09:22,799 --> 00:09:25,559 Keith: using data you couldn't see before you can become more efficient, 162 00:09:25,640 --> 00:09:28,450 Keith: you can increase your sales, you can increase the hospital beds, 163 00:09:28,599 --> 00:09:33,478 Keith: medical treatments, specialized care. There's thousands of use cases for 164 00:09:33,479 --> 00:09:34,960 Keith: what you can do with data. 165 00:09:36,059 --> 00:09:39,859 Keith: Now using Palantir's products that you couldn't do even a 166 00:09:39,859 --> 00:09:40,569 Keith: few years ago. 167 00:09:41,320 --> 00:09:45,559 Suze: And why is it that people write me and tell 168 00:09:45,559 --> 00:09:49,090 Suze: me and yell at me for putting people's money and 169 00:09:49,090 --> 00:09:54,010 Suze: recommending Palantir? What are they misunderstanding or what are they 170 00:09:54,010 --> 00:09:58,609 Suze: understanding about the company that could be very dangerous to 171 00:09:58,609 --> 00:10:01,010 Suze: the safety of everybody in America? 172 00:10:01,919 --> 00:10:04,000 Keith: Well, I would flip that around. There's a lot of 173 00:10:04,000 --> 00:10:08,000 Keith: misinformation out there, right? And Palantir had begun, it has 174 00:10:08,000 --> 00:10:11,559 Keith: its roots in helping make sense of complicated data for 175 00:10:11,559 --> 00:10:14,719 Keith: the military and the intelligence community. So for a lot 176 00:10:14,719 --> 00:10:16,919 Keith: of folks that is a tough pill to swallow because 177 00:10:16,919 --> 00:10:19,960 Keith: they don't want to associate necessarily with the military or 178 00:10:19,960 --> 00:10:22,080 Keith: with the thought that there's an intelligence group out there. 179 00:10:22,510 --> 00:10:25,750 Keith: But they got so good at moving this data around 180 00:10:25,750 --> 00:10:28,799 Keith: and anticipating things and making decisions that they begin to 181 00:10:28,799 --> 00:10:32,400 Keith: expand in their commercial environment so you know this idea 182 00:10:32,400 --> 00:10:36,719 Keith: that the company is suddenly miraculously surfacing out of nowhere 183 00:10:36,719 --> 00:10:40,039 Keith: it's just patently false and incorrect. It's been around a 184 00:10:40,039 --> 00:10:42,599 Keith: very long time and it's very, very good at what 185 00:10:42,599 --> 00:10:46,510 Keith: it does. And the other misconception that's out there right now, Suze, 186 00:10:46,520 --> 00:10:49,200 Keith: and why people are very, very upset is because there 187 00:10:49,200 --> 00:10:51,320 Keith: was an article recently in The New York Times, 188 00:10:51,710 --> 00:10:55,599 Keith: that is filled with erroneous information. I mean dozens of 189 00:10:55,599 --> 00:10:59,030 Keith: technical errors in terms of how the process works, what 190 00:10:59,030 --> 00:11:02,150 Keith: their software does, where they go, the role they play. 191 00:11:02,229 --> 00:11:04,669 Keith: I mean it's just, it's amazing. CEO Alex Karp was 192 00:11:04,669 --> 00:11:08,909 Keith: on CNBC earlier Friday I believe it was, and he said, look, 193 00:11:08,989 --> 00:11:11,830 Keith: he said, 'I'm dyslexic. The New York Times has so 194 00:11:11,830 --> 00:11:13,949 Keith: many errors in their article they may as well hire 195 00:11:13,950 --> 00:11:16,030 Keith: me to do a spelling beat.' You know, I mean, 196 00:11:16,070 --> 00:11:17,549 Keith: it's just, it's astonishing. 197 00:11:17,940 --> 00:11:20,459 Keith: So if you take a few minutes and you understand 198 00:11:20,460 --> 00:11:22,729 Keith: how the product actually works. 199 00:11:23,690 --> 00:11:27,309 Keith: This notion of fear and suddenly surveilling Americans and it's 200 00:11:27,309 --> 00:11:31,510 Keith: doing all these other things is not only patently false 201 00:11:31,950 --> 00:11:34,270 Keith: but that's not what the software does it's not even 202 00:11:34,270 --> 00:11:38,108 Keith: built into the software's capabilities. Palantir, and this will be 203 00:11:38,109 --> 00:11:42,099 Keith: a very controversial statement for a lot of people, but Palantir, 204 00:11:42,669 --> 00:11:45,989 Keith: if you wanted to surveil Americans or other people around 205 00:11:45,989 --> 00:11:49,909 Keith: the world, is absolutely the wrong choice. 206 00:11:50,309 --> 00:11:53,209 Keith: In fact, it's probably the worst choice you could make 207 00:11:53,210 --> 00:11:56,330 Keith: if you're a bad actor because all of the safeguards 208 00:11:56,330 --> 00:12:00,289 Keith: determining who accesses information, how they use it, what they 209 00:12:00,289 --> 00:12:03,210 Keith: do with it exactly to the data point what they 210 00:12:03,210 --> 00:12:08,169 Keith: touch is auditable, it's transparent, it is built into the 211 00:12:08,169 --> 00:12:12,608 Keith: software platform, not as an add-on, which is how all 212 00:12:12,609 --> 00:12:15,330 Keith: the legacy guys did it. So you're talking about 213 00:12:15,330 --> 00:12:17,320 Suze: a software here we are. 214 00:12:17,809 --> 00:12:21,169 Suze: You say the legacy guys how they did it so. 215 00:12:22,460 --> 00:12:27,179 Suze: Explain to people why, and they should understand this, why 216 00:12:27,179 --> 00:12:32,419 Suze: Palantir also protects us here in the United States of America. 217 00:12:32,460 --> 00:12:35,890 Suze: It's not, listen, Palantir, I don't have to know much, 218 00:12:36,090 --> 00:12:39,900 Suze: but I do know that Palantir isn't built so that 219 00:12:39,900 --> 00:12:42,059 Suze: they can spy on all of us and they can 220 00:12:42,059 --> 00:12:44,819 Suze: know what we do. I mean, there are already companies 221 00:12:44,820 --> 00:12:46,979 Suze: out there that know everything that we do. 222 00:12:47,590 --> 00:12:51,750 Keith: Well, the funny, the funny thing is people have voluntarily 223 00:12:51,750 --> 00:12:54,710 Keith: contributed to Meta and Instagram and you know all of 224 00:12:54,710 --> 00:12:57,669 Keith: these other things, TikTok, you know, people worry about the 225 00:12:57,669 --> 00:13:00,229 Keith: Chinese or they worry about Palantir yet in the same 226 00:13:00,229 --> 00:13:02,159 Keith: breath they go onto their Facebook account or they go 227 00:13:02,159 --> 00:13:04,789 Keith: on their Instagram or they dial into their credit bureau 228 00:13:04,789 --> 00:13:07,710 Keith: or they get a mortgage, they have a credit card. It's, 229 00:13:07,750 --> 00:13:11,830 Keith: it's such a contradiction. The irony is extreme because people 230 00:13:11,830 --> 00:13:13,909 Keith: are suddenly like, wait a minute, everybody's 231 00:13:13,984 --> 00:13:17,054 Keith: watching when that cat got out of the bag 40 232 00:13:17,054 --> 00:13:20,655 Keith: years ago and we are living in a digital world 233 00:13:20,655 --> 00:13:22,564 Keith: where if you use a credit card, if you go 234 00:13:22,565 --> 00:13:25,335 Keith: into a store, if you, you get on the Facebook, 235 00:13:25,344 --> 00:13:28,255 Keith: social media, and even the people who are writing to you, 236 00:13:28,265 --> 00:13:30,015 Keith: the irony, the people who are writing to you and 237 00:13:30,015 --> 00:13:32,093 Keith: me and sometimes saying, well, you know, what about Palantir? 238 00:13:32,294 --> 00:13:35,164 Keith: They're using technology that came from the military to begin with. 239 00:13:35,974 --> 00:13:38,375 Keith: So you know, the, the irony is, is really something 240 00:13:38,375 --> 00:13:40,534 Keith: every company has its own set of gremlins. 241 00:13:40,820 --> 00:13:43,130 Keith: And as an investor, you gotta come to terms with 242 00:13:43,130 --> 00:13:46,080 Keith: that because are you looking for the future, or are 243 00:13:46,080 --> 00:13:48,280 Keith: you looking to build upon the past? If you're looking 244 00:13:48,280 --> 00:13:50,200 Keith: for the future, profits are where you wanna be. If 245 00:13:50,200 --> 00:13:52,159 Keith: you're looking for the past, then you know what? 246 00:13:53,520 --> 00:13:56,109 Keith: Move 500 miles from the nearest military installation, go off 247 00:13:56,109 --> 00:13:58,452 Keith: the grid, start turning your own butter, get some sticks 248 00:13:58,452 --> 00:14:01,380 Keith: you can whittle at midnight, you know, there's gonna be 249 00:14:01,380 --> 00:14:05,030 Keith: a very different world. You can't go off the grid anymore. 250 00:14:05,239 --> 00:14:07,400 Keith: But a company like Palantir, here's the real part, and 251 00:14:07,400 --> 00:14:10,039 Keith: this is the part that most people don't understand, particularly 252 00:14:10,039 --> 00:14:12,679 Keith: in light of this New York Times article, is that 253 00:14:12,679 --> 00:14:18,159 Keith: the fear is that, oh my gosh, suddenly everybody's watching this. Well, personally, 254 00:14:18,950 --> 00:14:20,950 Keith: looking at this from a much bigger perspective, which is 255 00:14:20,950 --> 00:14:23,539 Keith: what I do because I do investing, I don't do politics, 256 00:14:23,630 --> 00:14:25,630 Keith: I don't do personalities. I gotta figure out where the 257 00:14:25,630 --> 00:14:27,469 Keith: money is going. That's my job as a money strategist, 258 00:14:27,520 --> 00:14:28,950 Keith: you know, a market strategist. 259 00:14:29,349 --> 00:14:32,809 Keith: And what I know is that there are bad actors 260 00:14:32,809 --> 00:14:34,809 Keith: out there. There are terrorists, there are the Chinese, there 261 00:14:34,809 --> 00:14:37,799 Keith: are the Russians, there are a dozen other folks who, 262 00:14:37,809 --> 00:14:40,090 Keith: if they could, would push a button and eliminate the 263 00:14:40,090 --> 00:14:43,369 Keith: United States of America and consider it a good day's work, OK? 264 00:14:43,479 --> 00:14:51,000 Keith: Palantir is helmed by an unabashedly patriotic CEO who is firmly, 265 00:14:51,250 --> 00:14:58,010 Keith: unequivocally in defense of America and Americans. So I would 266 00:14:58,010 --> 00:14:58,650 Keith: rather 267 00:14:59,239 --> 00:15:04,719 Keith: have him out there with Palantir protecting this country knowing 268 00:15:04,719 --> 00:15:08,640 Keith: full well that the Chinese and Russians and others are 269 00:15:08,640 --> 00:15:13,059 Keith: desperately trying to develop their own versions of Palantir to 270 00:15:13,059 --> 00:15:14,710 Keith: be used against us. 271 00:15:15,359 --> 00:15:17,989 Suze: Just to make it very simple for all of you, 272 00:15:18,099 --> 00:15:20,690 Suze: you want to know what freaks me out, everybody, that 273 00:15:20,690 --> 00:15:25,070 Suze: KT and I are having a conversation, and we're talking about, 274 00:15:25,239 --> 00:15:28,239 Suze: let's just say surfboards. Let's just say that's true. 275 00:15:28,739 --> 00:15:31,739 Suze: And all of a sudden we look on our phone 276 00:15:31,739 --> 00:15:34,109 Suze: and we look at Instagram or we look at Facebook 277 00:15:34,109 --> 00:15:39,309 Suze: or whatever, and there are all these ads about surfboards 278 00:15:39,309 --> 00:15:43,719 Suze: all of a sudden up there advertising to us. So 279 00:15:43,719 --> 00:15:46,429 Suze: you have to realize if you're using Siri, if you're 280 00:15:46,429 --> 00:15:48,289 Suze: using Alexa, if you're using 281 00:15:48,739 --> 00:15:52,969 Suze: this little phone. It is listening to you all the 282 00:15:52,969 --> 00:15:56,859 Suze: time and everything that you are saying. You walk by 283 00:15:56,859 --> 00:15:59,380 Suze: a store on the street and all of a sudden 284 00:15:59,380 --> 00:16:02,570 Suze: you get an ad that says, oh, wanna come in? 285 00:16:02,780 --> 00:16:04,780 Suze: We have a sale. It's like, how did they know 286 00:16:04,780 --> 00:16:07,950 Suze: that I'm even walking by that particular store. 287 00:16:08,409 --> 00:16:12,570 Suze: So you have to not be so freaked out when 288 00:16:12,570 --> 00:16:16,650 Suze: all of a sudden a major company now is doing 289 00:16:16,650 --> 00:16:20,969 Suze: contracts possibly with the government. They've been doing contracts with 290 00:16:20,969 --> 00:16:24,090 Suze: the government for a long time, but when all of 291 00:16:24,090 --> 00:16:29,640 Suze: you see the name Trump is targeting Palantir to do something, 292 00:16:29,890 --> 00:16:33,849 Suze: you automatically think, oh my God, that's it, it's gonna 293 00:16:33,849 --> 00:16:35,609 Suze: be the worst thing. 294 00:16:35,929 --> 00:16:39,219 Suze: And what you also have to understand and Keith tell 295 00:16:39,219 --> 00:16:42,849 Suze: them that doesn't mean just because Trump is targeting them 296 00:16:42,849 --> 00:16:45,340 Suze: to do something that they're going to do it, isn't 297 00:16:45,340 --> 00:16:46,070 Suze: that true? 298 00:16:46,619 --> 00:16:46,940 Keith: Well, that's 299 00:16:46,940 --> 00:16:50,099 Keith: very true. And so we have the 1974 Privacy Protection 300 00:16:50,099 --> 00:16:52,460 Keith: Act which is in play and it's very robust and 301 00:16:52,460 --> 00:16:54,820 Keith: you know our, our the architects of that law did 302 00:16:54,820 --> 00:16:57,739 Keith: a very good job. So you know it's not a 303 00:16:57,739 --> 00:17:01,049 Keith: matter of the President is out there to target you. 304 00:17:01,099 --> 00:17:03,940 Keith: What he actually said and and and this is important. 305 00:17:04,339 --> 00:17:07,219 Keith: Because a lot of folks either can't get past Trump 306 00:17:07,219 --> 00:17:09,939 Keith: or they just can't get past Palantir take Trump out 307 00:17:09,939 --> 00:17:13,209 Keith: of it. Take Palantir out of it. Imagine you're sitting 308 00:17:13,209 --> 00:17:16,130 Keith: in that office, right? And if you know that all 309 00:17:16,130 --> 00:17:18,979 Keith: of these threats are out there, right, there is not 310 00:17:18,979 --> 00:17:22,699 Keith: a leader in the world who would not employ the 311 00:17:22,699 --> 00:17:25,739 Keith: best software he or she could buy to protect his 312 00:17:25,739 --> 00:17:29,300 Keith: or her citizens. That's the crux of the argument. 313 00:17:29,630 --> 00:17:32,729 Keith: And so if we look at this again, take Trump 314 00:17:32,729 --> 00:17:34,890 Keith: out of it, you know, like him, dislike him, I 315 00:17:34,890 --> 00:17:37,079 Keith: don't take sides, I do money, not politics. So if 316 00:17:37,079 --> 00:17:38,369 Keith: you take him out of it. 317 00:17:39,030 --> 00:17:41,859 Keith: The question to ask is, would a sitting president, would 318 00:17:41,859 --> 00:17:45,300 Keith: a leader in any country around the world not take 319 00:17:45,300 --> 00:17:47,969 Keith: steps to buy the very best software they could find 320 00:17:48,180 --> 00:17:51,180 Keith: to help protect their citizens and their nation? And the 321 00:17:51,180 --> 00:17:55,380 Keith: answer is unequivocally yes, they would absolutely try to protect 322 00:17:55,380 --> 00:17:57,899 Keith: their citizens and their nation because that's what they were 323 00:17:57,900 --> 00:17:58,698 Keith: elected to do that. 324 00:17:58,839 --> 00:18:01,790 Keith: Part of the job, so you know my piece when 325 00:18:01,790 --> 00:18:05,709 Keith: you look at it coldly, clinically, OK, fine, it is Trump, 326 00:18:05,750 --> 00:18:08,790 Keith: it is Palantir, but if you look at the framework 327 00:18:08,790 --> 00:18:11,430 Keith: of the 1974 Protection Act, you look at what the 328 00:18:11,430 --> 00:18:16,430 Keith: Palantir software stack actually does, how it works, who controls 329 00:18:16,430 --> 00:18:18,510 Keith: it in the audit trail involved. 330 00:18:18,829 --> 00:18:21,579 Keith: Then the question becomes where is this actually fit within 331 00:18:21,579 --> 00:18:24,660 Keith: our government? What the President actually said was I want 332 00:18:24,660 --> 00:18:29,180 Keith: to build a commonly accessible, more efficient, more cost effective 333 00:18:29,180 --> 00:18:33,810 Keith: database instead of relying on antiquated, outdated systems that cost 334 00:18:33,810 --> 00:18:38,419 Keith: taxpayers billions of dollars, result in hopeless inaccuracies, you know, 335 00:18:38,500 --> 00:18:42,229 Keith: from agencies A to Z in our government. Everybody knows 336 00:18:42,229 --> 00:18:42,979 Keith: they're inefficient. 337 00:18:43,349 --> 00:18:46,349 Keith: So this is an attempt to protect Americans make our 338 00:18:46,349 --> 00:18:49,459 Keith: government more efficient, potentially move us into the next century, 339 00:18:49,630 --> 00:18:52,109 Keith: and again take Trump out of it. What does this 340 00:18:52,109 --> 00:18:55,829 Keith: software actually do? What could we get? What would go right? 341 00:18:56,099 --> 00:18:59,739 Keith: Imagine calling the IRS and actually getting an answer. Imagine 342 00:18:59,739 --> 00:19:02,069 Keith: having Amtrak work the way it was supposed to. Imagine 343 00:19:02,069 --> 00:19:04,670 Keith: the post office being more efficient. Imagine your medical records, 344 00:19:04,709 --> 00:19:07,989 Keith: your tax records, the HIPAA Act, privacy, all of these things. 345 00:19:08,204 --> 00:19:10,925 Keith: Suddenly working the way that they were intended in a 346 00:19:10,925 --> 00:19:13,964 Keith: pre-digital age, but in a digital age, how cool would 347 00:19:13,964 --> 00:19:14,165 Keith: that 348 00:19:14,165 --> 00:19:14,504 Keith: be? 349 00:19:14,844 --> 00:19:17,764 Suze: You know, the truth of the matter is, is that Palantir, 350 00:19:17,925 --> 00:19:20,005 Suze: correct me if I'm wrong, Keith, had a lot to 351 00:19:20,005 --> 00:19:23,604 Suze: do with helping us during COVID and the pandemic and 352 00:19:23,604 --> 00:19:26,484 Suze: all of these things. So all of you take out, 353 00:19:26,564 --> 00:19:28,125 Suze: not all of you, but those of you who have 354 00:19:28,125 --> 00:19:31,194 Suze: been so angry at me, you take out one thing 355 00:19:31,194 --> 00:19:35,405 Suze: and you blow it up and you're mad at me. 356 00:19:35,689 --> 00:19:40,030 Suze: But all right, let's say you're like KT, OK? Sure. 357 00:19:40,239 --> 00:19:45,280 Suze: And Keith experienced this the other day. KT hears the 358 00:19:45,280 --> 00:19:49,319 Suze: news or watching CNN. Immediately she looks at me, she says, 359 00:19:49,520 --> 00:19:50,000 Suze: 'sell it.' 360 00:19:51,069 --> 00:19:53,979 Suze: Now, as all of you know, KT and I have 361 00:19:53,979 --> 00:19:58,020 Suze: a whole lot of Palantir, tens of thousands of shares. OK. 362 00:19:58,469 --> 00:20:03,500 Suze: Now KT has half and I have half, and I said, 363 00:20:03,550 --> 00:20:05,699 Suze: I'm not selling my half. She says, 'oh, you're, I'm, 364 00:20:05,829 --> 00:20:09,420 Suze: I want to sell my half.' So she doesn't ask me, 365 00:20:09,589 --> 00:20:11,800 Suze: and she sends on her email, 366 00:20:12,489 --> 00:20:15,889 Suze: an email to Keith saying what should I do? All 367 00:20:15,890 --> 00:20:19,199 Suze: of a sudden Keith calls. First of all, Not quite 368 00:20:19,199 --> 00:20:21,810 Suze: believing that it's KT cause I don't think KT Keith 369 00:20:21,810 --> 00:20:24,060 Suze: has ever called you before, has she? 370 00:20:24,729 --> 00:20:26,489 Keith: Well, I wanted to make sure it was really her 371 00:20:26,489 --> 00:20:29,010 Keith: because to our point about digital fraud, it could have 372 00:20:29,010 --> 00:20:30,448 Keith: been an imposter, right? 373 00:20:30,569 --> 00:20:34,770 Suze: And so KT now is convinced. She doesn't care. She 374 00:20:34,770 --> 00:20:37,449 Suze: wants to sell. She doesn't want to have anything to 375 00:20:37,449 --> 00:20:41,089 Suze: do with this stock. She is dead set against it. 376 00:20:41,449 --> 00:20:46,010 Suze: And so Keith is explaining all this to her. So 377 00:20:46,010 --> 00:20:48,609 Suze: I want you to imagine that maybe one of you 378 00:20:48,609 --> 00:20:52,560 Suze: out there listened to us when we started to say 379 00:20:52,849 --> 00:20:57,410 Suze: buy it at 7, buy it at 10, buy it 380 00:20:57,410 --> 00:21:02,300 Suze: at 15, cause my average cost base in it is 22. 381 00:21:03,069 --> 00:21:07,579 Suze: So I said to KT, now imagine you're KT. I said, KT, 382 00:21:07,920 --> 00:21:13,079 Suze: if you sell just let's say 5000 shares, do you 383 00:21:13,079 --> 00:21:17,109 Suze: realize the capital gain that you're going to pay here? 384 00:21:17,560 --> 00:21:21,329 Suze: Because the difference between it's a 100% gain for you, 385 00:21:21,339 --> 00:21:27,609 Suze: KT on 5000 shares. You're going to lose 20 or 30% 386 00:21:27,609 --> 00:21:30,449 Suze: of that to capital gains tax anyway. 387 00:21:30,890 --> 00:21:33,670 Suze: So are you aware of that? And she just kind 388 00:21:33,670 --> 00:21:36,829 Suze: of looked at me. Now by this point, Keith is 389 00:21:36,829 --> 00:21:40,629 Suze: on FaceTime with us. So, of course, I handed her 390 00:21:40,630 --> 00:21:44,109 Suze: over to him, and at first she was right, dead 391 00:21:44,109 --> 00:21:46,989 Suze: set against listening to either of us. Don't you agree? 392 00:21:47,859 --> 00:21:50,849 Suze: Right, she was, yeah, she was like, 'no, I'm selling,' 393 00:21:50,939 --> 00:21:53,660 Suze: and I'm like, you are not selling. And now we're 394 00:21:53,660 --> 00:21:58,020 Suze: arguing about it, but here was the bottom line, and 395 00:21:58,020 --> 00:22:02,099 Suze: I'll have Keith tell you what he told KT. Take 396 00:22:02,099 --> 00:22:05,660 Suze: out the fact of the capital gains and all of that. 397 00:22:05,939 --> 00:22:10,219 Suze: But the question becomes, when do you hold the stock? 398 00:22:10,979 --> 00:22:15,849 Suze: That you are vehemently against. You believe in fact, you 399 00:22:15,849 --> 00:22:17,969 Suze: don't believe a thing that we've just said to you 400 00:22:17,969 --> 00:22:22,170 Suze: here on the podcast. You think Palantir is evil, you 401 00:22:22,170 --> 00:22:25,810 Suze: don't like what they're doing, and what should you do 402 00:22:25,810 --> 00:22:28,250 Suze: at that point in time? And Keith, what would you 403 00:22:28,250 --> 00:22:28,920 Suze: tell them? 404 00:22:30,229 --> 00:22:33,500 Keith: Boom, if you are absolutely dead set and you wanna 405 00:22:33,500 --> 00:22:35,550 Keith: sleep and this is driving you bananas and you know 406 00:22:35,550 --> 00:22:38,040 Keith: what sell it and don't look back but make peace 407 00:22:38,040 --> 00:22:40,069 Keith: with the fact that this company is gonna go on 408 00:22:40,069 --> 00:22:42,300 Keith: without you, the future is gonna arrive whether you like 409 00:22:42,300 --> 00:22:44,510 Keith: it or not, and that you're gonna miss out on 410 00:22:44,510 --> 00:22:47,739 Keith: tremendous profit potential going forward. 411 00:22:48,130 --> 00:22:51,819 Keith: Because investing is not about looking backwards in one of 412 00:22:51,819 --> 00:22:54,119 Keith: our cardinal rules is you keep your emotions out of 413 00:22:54,119 --> 00:22:57,050 Keith: the equation. So if you can come to terms with 414 00:22:57,310 --> 00:23:00,079 Keith: the facts, with the potential with the way this is moving, 415 00:23:00,290 --> 00:23:03,438 Keith: then by all means hang on to it. Stocks like Palantir, 416 00:23:03,689 --> 00:23:08,229 Keith: are truly unique. They are only ones in the world 417 00:23:08,560 --> 00:23:12,420 Keith: doing what they do are going to change our future, 418 00:23:12,560 --> 00:23:16,520 Keith: change the trajectory of humanity. And what we know from 419 00:23:16,520 --> 00:23:20,599 Keith: history is that every company has gremlins, but those companies 420 00:23:20,599 --> 00:23:25,000 Keith: like Palantir that truly change our future are worth hanging 421 00:23:25,000 --> 00:23:27,229 Keith: on to if you can stomach doing so. 422 00:23:27,800 --> 00:23:29,800 Suze: So, all of you, I just want you to know 423 00:23:29,800 --> 00:23:32,520 Suze: I have trouble with Musk. I just do. 424 00:23:33,260 --> 00:23:36,579 Suze: And I know that Tesla is one of these stocks 425 00:23:36,579 --> 00:23:38,969 Suze: that Keith loves. You love this stock. 426 00:23:39,449 --> 00:23:41,540 Keith: Oh, I do. He drives me bananas, but I love 427 00:23:41,540 --> 00:23:42,000 Keith: the stock. 428 00:23:42,189 --> 00:23:44,619 Suze: Yeah, but I just want to tell all of you 429 00:23:44,910 --> 00:23:49,390 Suze: I had a very big position in Tesla, but I 430 00:23:49,390 --> 00:23:53,310 Suze: sold it all, Keith. Now I understand very well that 431 00:23:53,310 --> 00:23:56,910 Suze: I probably will miss out on a whole lot of 432 00:23:56,910 --> 00:24:00,379 Suze: money being made in that one stock, however, 433 00:24:00,780 --> 00:24:06,469 Suze: There are other stocks that I can equally buy and 434 00:24:06,469 --> 00:24:10,530 Suze: make money, maybe not as much money, maybe possibly more money, 435 00:24:10,660 --> 00:24:14,579 Suze: but for me, I couldn't stomach owning that stock. If 436 00:24:14,579 --> 00:24:15,469 Suze: that's you, 437 00:24:16,119 --> 00:24:19,640 Suze: When it comes to Palantir, what I would tell you 438 00:24:19,640 --> 00:24:24,520 Suze: is sell it and don't look back, but don't have 439 00:24:24,520 --> 00:24:27,599 Suze: regrets when you look at it and you see it 440 00:24:27,599 --> 00:24:31,438 Suze: skyrocketing as Tesla has done since I sold it. 441 00:24:32,239 --> 00:24:36,119 Suze: You can't have regrets. You have to be firm in 442 00:24:36,119 --> 00:24:39,839 Suze: your conviction as to why you are selling it, and 443 00:24:39,839 --> 00:24:42,750 Suze: if you value yourself more than money. 444 00:24:43,459 --> 00:24:46,589 Suze: Then sell it if that is your feeling. If it's 445 00:24:46,589 --> 00:24:51,000 Suze: not your feeling, don't let somebody make you feel guilty 446 00:24:51,000 --> 00:24:55,260 Suze: about it. This podcast really is about you getting in 447 00:24:55,260 --> 00:24:58,739 Suze: touch with your emotions, cause remember I've said to you 448 00:24:58,739 --> 00:25:03,579 Suze: over all these years that fear, shame, and anger are 449 00:25:03,579 --> 00:25:07,060 Suze: the three internal obstacles to wealth. Keith, what else, as 450 00:25:07,060 --> 00:25:09,569 Suze: we're bringing this to an end, do you want to say? 451 00:25:10,489 --> 00:25:12,180 Keith: Investing in optimism, 452 00:25:12,500 --> 00:25:17,609 Keith: is always more profitable and confidence inspiring than cowering in 453 00:25:17,609 --> 00:25:21,449 Keith: fear and how you define that is uniquely up to 454 00:25:21,449 --> 00:25:26,010 Keith: every listener on this today and what's right for one 455 00:25:26,010 --> 00:25:30,250 Keith: person is different for another, but that's how you share 456 00:25:30,250 --> 00:25:33,169 Keith: information that's how you learn that's how you adjust your 457 00:25:33,170 --> 00:25:37,359 Keith: opinion because companies like Palantir force you to have a 458 00:25:37,359 --> 00:25:39,770 Keith: conversation with somebody in the mirror and as long as 459 00:25:39,770 --> 00:25:40,530 Keith: you're listening. 460 00:25:41,329 --> 00:25:44,149 Keith: There's an opportunity there. If you shut it off reflexively, 461 00:25:44,209 --> 00:25:45,020 Keith: then you know what? 462 00:25:45,920 --> 00:25:48,829 Keith: That's bench level thinking, third level stuff, don't even mess 463 00:25:48,829 --> 00:25:49,150 Keith: with it. 464 00:25:49,989 --> 00:25:52,140 Suze: The main thing I want to say first of all, 465 00:25:52,219 --> 00:25:55,949 Suze: thank you, Mr. Keith Fitz-Gerald. Thank you. Remember all of you, 466 00:25:55,979 --> 00:25:58,660 Suze: you only have a few days left to go to 467 00:25:58,660 --> 00:26:06,699 Suze: musthavedocs.com/birthday to get the must-have documents, $2500 worth of the 468 00:26:06,699 --> 00:26:11,819 Suze: documents you must have. Just go there and check it out. $74. 469 00:26:12,435 --> 00:26:17,675 Suze: And until Thursday, when Ms. Travis joins us again for 470 00:26:17,675 --> 00:26:21,834 Suze: an Ask KT and Suze Anything podcast. Remember, there's only 471 00:26:21,834 --> 00:26:23,625 Suze: one thing I want you to remember when it comes 472 00:26:23,625 --> 00:26:28,074 Suze: to your money, and it's this people first, then money, 473 00:26:28,275 --> 00:26:32,744 Suze: then things. Now you stay safe. Bye-bye.