WEBVTT - Study Hall: THE NEW BULLET PROOF STOCK PORTFOLIO? 0:00:00.360 --> 0:00:04.040 Behind every VP Phillip. Thousands of people across America go 0:00:04.120 --> 0:00:07.800 to work every day. People producing energy off shore, people 0:00:07.840 --> 0:00:11.159 turning it into products at our refineries, people doing R 0:00:11.240 --> 0:00:14.040 and D to make products that are better for your engine, 0:00:14.160 --> 0:00:17.479 people trading and shipping fuels to their destinations. And the 0:00:17.480 --> 0:00:20.040 people who help you at one of VP's growing family 0:00:20.120 --> 0:00:23.480 of retail stations. They're part of almost three hundred thousand 0:00:23.600 --> 0:00:27.200 jobs VP supports across the country. Learn more at VP 0:00:27.360 --> 0:00:29.840 dot com slash Investing in America. 0:00:30.280 --> 0:00:32.720 Let's talk about the fang stocks. So I want to 0:00:32.840 --> 0:00:35.559 educate people on what thing actually is because they might 0:00:35.600 --> 0:00:39.040 have heard this term and not really sure. So Fang, 0:00:39.400 --> 0:00:44.199 FAA ng is. It used to be called Facebook, but 0:00:44.280 --> 0:00:50.320 it's now meta, Amazon, Apple, Netflix, and Google. So big 0:00:50.360 --> 0:00:54.400 tech when you have big tech companies, you know, the 0:00:54.480 --> 0:00:57.080 largest tech companies and to gain the most important tech 0:00:57.080 --> 0:01:00.680 companies in the world. They may have the acronym of thing. 0:01:01.280 --> 0:01:06.000 And these are companies that stock had a tremendous rise 0:01:06.040 --> 0:01:10.440 over the last decade. Not this year, but the last decade. 0:01:10.560 --> 0:01:13.440 All these all of these companies stocks did tremendously well, 0:01:13.880 --> 0:01:17.120 and there was you know, they did so well that 0:01:17.280 --> 0:01:21.880 you know people really thought that those were the primary 0:01:21.880 --> 0:01:24.040 companies that you should invest in and focus your energy 0:01:24.040 --> 0:01:30.720 in those companies. But obviously times have changed, Meta struggling. 0:01:32.560 --> 0:01:36.160 Apple is still doing well. Amazon is going to be 0:01:36.160 --> 0:01:38.360 in good shape. Amazon and Google, but it hasn't done 0:01:38.360 --> 0:01:40.600 well in the last eighteen months when you look at 0:01:40.600 --> 0:01:45.959 his chart, and Netflix has done terrible. So you ian 0:01:46.319 --> 0:01:50.840 have proposed a new acronym called no. 0:01:51.160 --> 0:01:55.080 This was proposed by analysts, yeah, earlier this week. 0:01:55.240 --> 0:01:56.520 I have a theory, though. 0:01:56.760 --> 0:01:58.080 I thought it was you I wanted. I wanted to 0:01:58.080 --> 0:01:58.559 give you credit. 0:01:58.640 --> 0:02:01.800 I didn't know you know, I appreciate a lot, but 0:02:01.960 --> 0:02:05.880 I want them to think that I'm jacking their their phrase. 0:02:06.680 --> 0:02:08.200 The one that we have, I think it is a 0:02:08.200 --> 0:02:10.080 lot better. But I think it's really interesting. I have 0:02:10.120 --> 0:02:12.040 a theory though, that people have been watching the show 0:02:12.680 --> 0:02:15.880 quietly and wait till we produce and release the show 0:02:16.320 --> 0:02:18.560 and then talk about the things we've been talking about after. 0:02:18.720 --> 0:02:22.080 So this list shout out to Montana looks a lot 0:02:22.360 --> 0:02:24.920 like the stocks that we've talked about here before. So 0:02:25.280 --> 0:02:28.680 Microsoft one of my babies. I love you, dearly, Apple, 0:02:29.200 --> 0:02:34.680 absolutely amazing, Tesla, Alphabet or Google and Video. We'll talk 0:02:34.720 --> 0:02:39.079 about that in few and Amazon. So is Montana the 0:02:39.200 --> 0:02:39.919 new fing. 0:02:40.600 --> 0:02:47.000 We're gonna call it Montana. 0:02:44.600 --> 0:02:46.440 Shout out the French child. So let's all right, let's 0:02:46.440 --> 0:02:47.919 go through this. Let's go through this one by one. 0:02:49.040 --> 0:02:54.000 Microsoft amazing. Let's let's do this. Let's do this. Let's 0:02:54.040 --> 0:02:56.160 let's talk about like, let's spend like one minute on 0:02:56.200 --> 0:02:59.000 each company and explain why it's a good company. Watch 0:02:59.040 --> 0:03:01.760 it back our thoughts on it. Microsoft. I know it's 0:03:01.800 --> 0:03:03.680 something that you obviously have been bullish on for a 0:03:03.680 --> 0:03:06.120 long period of time. Why why why are you so 0:03:06.280 --> 0:03:08.600 bullish on Microsoft? You could you want me to go? 0:03:08.600 --> 0:03:11.000 All right, I'll start eating and if I miss something 0:03:11.040 --> 0:03:13.079 you can pick it up, all right? So Microsoft, it 0:03:13.080 --> 0:03:14.680 should I don't mean when they had the fame thing, 0:03:14.680 --> 0:03:16.520 I don't even know why if Microsoft wouldn't have been 0:03:16.560 --> 0:03:18.120 part of it. But it's perfect that this is in 0:03:18.320 --> 0:03:22.600 the Montana Microsoft core business business to business. They kill 0:03:23.000 --> 0:03:27.920 cloud service, they kill gaming, they kill what else? 0:03:29.639 --> 0:03:33.840 They have software on eighty five percent of the computers 0:03:34.200 --> 0:03:35.839 in all of the world. 0:03:36.640 --> 0:03:38.160 That alone is enough for me. 0:03:38.320 --> 0:03:40.560 This four reasons why that should have I mean it 0:03:40.600 --> 0:03:42.320 should have been on it already. 0:03:42.000 --> 0:03:46.160 All right. So there's that for Microsoft Apple, I mean 0:03:46.280 --> 0:03:52.640 preteen this point to thread. This company ever control Tesla. 0:03:52.960 --> 0:03:56.920 This is something that is a very volatile situation, very 0:03:57.800 --> 0:04:03.520 very volatile. CEO, what about Tesla? 0:04:03.560 --> 0:04:03.760 Why? 0:04:03.920 --> 0:04:07.080 Why is Tesla a good company to invest in? Or 0:04:07.160 --> 0:04:08.440 is it a good company to invest in? 0:04:08.520 --> 0:04:12.240 Definitely a good company to invest in. I like well leadership. 0:04:12.320 --> 0:04:15.720 So for me, when evaluating what to invest in on 0:04:15.840 --> 0:04:17.719 terms of the fundamentals, the first thing I'm looking at 0:04:17.760 --> 0:04:20.040 as the founder, because the company is going to have 0:04:20.080 --> 0:04:22.560 the DNA or the habits or traits of the founder 0:04:22.560 --> 0:04:26.239 in it. Even though Elon is volatile in some areas, 0:04:26.320 --> 0:04:29.080 you cannot deny that he is a genius for sure. 0:04:30.120 --> 0:04:34.279 Probably a hybrid of Einstein and see Jobs rolled into one. 0:04:34.839 --> 0:04:37.240 And he's the only person that's been able to make 0:04:39.120 --> 0:04:42.240 electronic vehicle sexy, like we were the only black men 0:04:42.400 --> 0:04:45.920 that made invest in sexy for our community. So when 0:04:45.960 --> 0:04:50.719 you're able to move a market, be a visionary leader, 0:04:51.160 --> 0:04:53.960 be a part of PayPal mafia. The secrets that he 0:04:54.040 --> 0:04:57.560 holds are like unlike any other. And of course California, 0:04:58.600 --> 0:05:02.200 of course declared in twenty thirty five all gas vehicles 0:05:02.240 --> 0:05:05.599 will be banned. They will go to EV. Therefore California 0:05:05.640 --> 0:05:07.559 will be first. I think New York will be second, 0:05:07.560 --> 0:05:10.480 Texas will be third. Now he's looking at a thirty 0:05:10.520 --> 0:05:14.040 or forty year window where if you think electronic vehicle, 0:05:14.080 --> 0:05:17.159 you automatically he is the Mercedes Bands of the EV market. 0:05:18.520 --> 0:05:22.080 You don't want a prius. I want the fantom to 0:05:22.120 --> 0:05:25.280 look like a phantom shot to Diddy. Right, So, if 0:05:25.279 --> 0:05:28.880 you're thinking electronic vehicle, if you're going to brand or 0:05:28.920 --> 0:05:31.880 market share recognition, they are never one in that space 0:05:31.920 --> 0:05:33.400 and they have no close competitors. 0:05:34.360 --> 0:05:37.560 Amazing company. I agree with everything you just said. I 0:05:37.640 --> 0:05:40.680 probably would put Texas number two only because they're rarely 0:05:40.680 --> 0:05:43.480 building the facilities there. So like when you take you 0:05:43.520 --> 0:05:47.880 take the right exactly. The largest population by state is California. 0:05:47.960 --> 0:05:50.359 So you make a move like that in California, twenty 0:05:50.400 --> 0:05:52.800 thirty five sounds like a long way away, but it's 0:05:52.839 --> 0:05:56.320 not really when you talk about technology and they're prepared 0:05:56.320 --> 0:05:56.560 for it. 0:05:56.680 --> 0:05:56.760 Right. 0:05:56.839 --> 0:05:58.359 If they're the leader of the space and this is 0:05:58.560 --> 0:06:03.360 the most populated state in the country, that's that's a 0:06:03.360 --> 0:06:05.440 big market and that will set the trend for the 0:06:05.520 --> 0:06:07.679 rest of the state. So yeah, I think first California, 0:06:08.360 --> 0:06:10.320 then Texas and then New York will adopted, and then 0:06:10.400 --> 0:06:12.520 once those three states have it, forget about it. 0:06:12.600 --> 0:06:13.640 Everyone else fall place. 0:06:13.720 --> 0:06:17.680 Yeah. And from a technology standpoint too, what they're doing 0:06:17.760 --> 0:06:20.640 from a solar standpoint, from the batteries being able to 0:06:20.680 --> 0:06:24.360 lease that out, I'm sure at some point to other companies. Yeah, 0:06:24.440 --> 0:06:25.599 Tessa's one of them. You gotta have. 0:06:25.839 --> 0:06:28.160 It's currently at two seventy dollars. 0:06:28.200 --> 0:06:29.640 It's split, yeah, one to three. 0:06:29.720 --> 0:06:34.760 It's split a few weeks ago. Yeah, So long term, 0:06:34.880 --> 0:06:37.919 Tesla is something that you believe in because they're going 0:06:38.000 --> 0:06:41.479 to have competition. They're gonna have competition from Apple, They're 0:06:41.480 --> 0:06:44.040 gonna have competition from a variety of different people. 0:06:44.440 --> 0:06:46.839 Apple's gonna be the biggest competitor if they ever released 0:06:46.839 --> 0:06:49.200 that car or that truck. That's the only one I'm 0:06:49.200 --> 0:06:51.680 worried about. GM A Ford, I'm not worried about. There'll 0:06:51.720 --> 0:06:56.720 be laggerts behind, but Apple is the one that they 0:06:56.720 --> 0:06:57.839 should be most worried about. 0:06:58.880 --> 0:07:00.920 Yeah, that makes sense, all right. 0:07:01.800 --> 0:07:05.640 Alphabet, which, for anybody that doesn't know, Alphabet is the 0:07:05.839 --> 0:07:11.640 parent company of Google. So Google, Google is a very 0:07:11.720 --> 0:07:16.400 impressive company. They own the company that we're on right now, 0:07:16.440 --> 0:07:22.920 which is YouTube very very big part of their portfolio. Yes, 0:07:23.800 --> 0:07:25.520 you know, you have the number one and number two 0:07:25.520 --> 0:07:28.480 search engines because Google is the number one search engine. 0:07:28.560 --> 0:07:31.360 YouTube numbers number two search engine, so they pretty much 0:07:31.360 --> 0:07:32.160 control the Internet. 0:07:33.440 --> 0:07:36.120 I could argue they have the number one entertainment model 0:07:36.280 --> 0:07:37.760 for content ever. 0:07:37.640 --> 0:07:40.480 Created the number one entertainment model. 0:07:41.120 --> 0:07:44.680 Yes, we as in like, puts your content on here 0:07:44.680 --> 0:07:46.480 for free. We'll figure out what's hot. 0:07:46.640 --> 0:07:48.160 And I'll pay you after their producers. 0:07:48.240 --> 0:07:53.000 I'll pay you after. It's the opposite of Netflix. Yeah, 0:07:53.000 --> 0:07:54.760 we'll pay you after this. We'll paid and we'll take 0:07:54.800 --> 0:07:56.120 thirty percent of what we're gonna pay. 0:07:56.880 --> 0:08:00.960 No, well, their frame it is that Well, we'll allow 0:08:01.080 --> 0:08:04.560 us to keep thirty percent and you have seventy, which 0:08:04.600 --> 0:08:07.240 even if you look for most entertainers, that's a pretty 0:08:07.240 --> 0:08:12.040 good split. You've never heard any issues with YouTube keeping 0:08:12.080 --> 0:08:14.840 their publishing forever all rights to the show or even 0:08:14.880 --> 0:08:17.560 in some cases like with Amazon, which we'll talk about. 0:08:17.760 --> 0:08:21.480 You don't see Google remixing shows. They didn't make their 0:08:21.520 --> 0:08:24.160 own version of Mister Beast. They let misster Bees coexistent 0:08:24.280 --> 0:08:28.080 just live. So also, they are a non competitors to 0:08:28.120 --> 0:08:31.560 the creatives that are on that platform. Which is amazing. 0:08:31.640 --> 0:08:34.280 So I think they have the best business model ever 0:08:34.840 --> 0:08:35.640 for entertainment. 0:08:37.400 --> 0:08:40.440 Yeah. I just realized something. And we'll talk about this 0:08:40.520 --> 0:08:49.760 later on. But Tesla, Google and Video and Amazon and 0:08:49.840 --> 0:08:53.080 Apple for that matter, what do they all have in common? 0:08:55.880 --> 0:09:00.680 Just a good shirt? Question up me and go ahead, 0:09:01.040 --> 0:09:02.880 let me phone the frame, Let me phone you. What 0:09:02.960 --> 0:09:03.880 are it ever coming. 0:09:04.240 --> 0:09:07.960 Within within the last I want to say eighteen, but 0:09:08.000 --> 0:09:10.160 definitely in the last twenty four just to be safe. 0:09:10.160 --> 0:09:13.160 But with Alston, maybe in the last eighteen they all 0:09:13.240 --> 0:09:14.200 split their stops. 0:09:14.440 --> 0:09:16.560 Yeahh oh yeah, yeah, yeah. 0:09:16.240 --> 0:09:18.959 What is that? All right? Let's let's have this conversation 0:09:20.360 --> 0:09:25.560 because they all split their stock. Why why is it 0:09:25.600 --> 0:09:27.880 beneficial for a company to split their stock? 0:09:29.240 --> 0:09:31.920 I mean, especially now if you are in a recession 0:09:31.960 --> 0:09:34.680 or money is getting tight. So if you have a company, 0:09:34.760 --> 0:09:39.280 let's say like Neo and the current prece in Neo 0:09:39.400 --> 0:09:41.800 is at seventeen dollars and seventy three cent. 0:09:42.280 --> 0:09:44.400 Even if you wanted to invest in Apple, let's say, if. 0:09:44.320 --> 0:09:47.679 It was like five to ninety per hare, historically, you're 0:09:47.679 --> 0:09:49.280 gonna be like, let me get the one as seventeen 0:09:49.320 --> 0:09:51.560 and even if it goes up to twenty one I 0:09:51.600 --> 0:09:53.839 have a chance to make it some money. So it's 0:09:53.960 --> 0:09:59.080 very smart for companies that have major market share like 0:09:59.160 --> 0:10:01.760 a true a loyal fan base and high volume to 0:10:01.800 --> 0:10:04.680 split so the cost basis will be lower, so pension 0:10:04.679 --> 0:10:07.360 funds can invest in them, hedge funds, and also retail 0:10:07.400 --> 0:10:10.480 investors and international investors as well, because at one point 0:10:10.559 --> 0:10:13.280 Amazon was so expensive you wouldn't even think it was 0:10:13.320 --> 0:10:15.240 like the cost of a mortgage for one share. 0:10:15.960 --> 0:10:18.559 Now that it's down, I think people are going to 0:10:18.640 --> 0:10:21.280 pile into it more. Same for Apple, same for Tesla. 0:10:21.360 --> 0:10:23.600 I think it's really smart that Elon has done three 0:10:23.679 --> 0:10:26.400 splits in the last what two years to keep that 0:10:26.480 --> 0:10:28.640 price down. So that's the number one competitive reason is 0:10:28.679 --> 0:10:31.880 to make the price affordable so more people can pile 0:10:31.920 --> 0:10:32.319 into it. 0:10:32.880 --> 0:10:38.240 Yeah, morefordability, more profitability, more retail investors can involve. It's 0:10:38.280 --> 0:10:39.120 the number one reason. 0:10:39.400 --> 0:10:39.559 Right. 0:10:39.720 --> 0:10:43.120 It looks more attractive when Amazon is one hundred and 0:10:43.120 --> 0:10:46.760 thirty one dollars compared to thirty seven hundred dollars. Right, 0:10:46.760 --> 0:10:49.959 even if you're buying fractional ships. Now you literally can 0:10:49.960 --> 0:10:50.640 buy a share. 0:10:51.400 --> 0:10:53.920 Yeah, and we've seen this for Berkshire Hathaway. If we 0:10:53.960 --> 0:10:59.440 look at Berkshire Hathaway Class airshase plus air plus A shares. 0:10:59.480 --> 0:11:03.319 Excuse me, it's four hundred and seventeen thousand, nine hundred 0:11:03.320 --> 0:11:09.600 and forty dollars for one share. Berkshire Hathaway B shares 0:11:10.679 --> 0:11:13.560 cheaper version it's two hundred and seventy seven dollars. So 0:11:13.600 --> 0:11:18.199 we've seen this before. I think it's a great adjustment 0:11:18.240 --> 0:11:20.760 for sure. And Apple, if people don't remember, during their 0:11:20.840 --> 0:11:22.319 last recession, was not a fan favorite. 0:11:22.360 --> 0:11:23.679 It was volatile like Tesla. 0:11:24.280 --> 0:11:27.040 So to now have a leadership position, you want to 0:11:27.080 --> 0:11:30.440 keep that base of investors and people can say that 0:11:30.440 --> 0:11:31.840 it doesn't matter when the price is and to go 0:11:31.880 --> 0:11:34.600 down to the company. We know people are publicly traded companies. 0:11:34.920 --> 0:11:37.480 It does have a negative effect on the employee base 0:11:38.080 --> 0:11:40.280 and company morale when your stock is getting beat up. 0:11:42.800 --> 0:11:46.640 I agree. In video, let's talk about that. 0:11:47.120 --> 0:11:49.600 Yeah, if it took a hit, it's taking a hit, 0:11:50.520 --> 0:11:52.800 but it's still a great company. So I'm glad that 0:11:52.800 --> 0:11:54.400 it's on the list because it's just a great company. 0:11:54.520 --> 0:11:56.959 So I'll just give you, like the thirty second version 0:11:57.000 --> 0:12:00.000 of it. Why in video we're talking about a company 0:12:00.200 --> 0:12:02.600 that is ahead of the game when it comes to 0:12:02.679 --> 0:12:04.920 AI when it comes to the metaverse, when it comes 0:12:04.960 --> 0:12:07.800 to pretty much the future of computing. You talk about 0:12:07.840 --> 0:12:10.360 in video what they're being able to do with the 0:12:10.640 --> 0:12:13.920 graphic processes. I mean, they're ahead of the game. And 0:12:13.960 --> 0:12:16.920 so obviously computing is something that's not going anywhere, and 0:12:16.960 --> 0:12:19.800 it's only going to become more of a thing. You 0:12:19.880 --> 0:12:22.200 have to find the company that is leading the space 0:12:22.240 --> 0:12:26.000 in that area, and they're definitely that company, even so 0:12:26.080 --> 0:12:28.000 much so, and maybe we'll talk about it later that 0:12:28.040 --> 0:12:30.719 the US has decided to say, hey, we don't want 0:12:30.760 --> 0:12:34.000 you selling any of these things to our competitors. So, 0:12:34.679 --> 0:12:37.160 I mean that's my thirty second on the video. Love 0:12:37.240 --> 0:12:39.840 the company. In fact, I like where it's at right now. 0:12:40.679 --> 0:12:42.480 And I'm gonna add it this is breaking new. I'm 0:12:42.480 --> 0:12:44.160 gonna add this is going to be another one of 0:12:44.160 --> 0:12:48.240 my one thousand shares companies. Yeah, so I'm gonna I'm 0:12:48.240 --> 0:12:50.360 adding this to my thousand shared companies with A M, D, 0:12:51.960 --> 0:12:54.640 Apple and Microsoft and video is gonna be my next one. 0:12:55.080 --> 0:12:57.640 Bam, Jamal Troy Just in case. 0:12:57.640 --> 0:12:59.920 So I want to get some prices because I wanted 0:12:59.920 --> 0:13:01.160 to be in a group chat, like why didn't you 0:13:01.200 --> 0:13:03.920 say nothing low the boat price for sure will be 0:13:03.960 --> 0:13:08.080 sixty one dollars and seventy three cent. That's like if 0:13:08.120 --> 0:13:09.720 you have to sell the house, and that's the price 0:13:09.720 --> 0:13:12.480 I will get in for a price that will probably 0:13:12.520 --> 0:13:16.040 come closer in the next two months. Uh, seventy five 0:13:16.200 --> 0:13:19.160 fifty three to in Vidia seventy five to fifty three. 0:13:19.440 --> 0:13:21.320 That's where I will look to put some capital in. 0:13:21.480 --> 0:13:24.200 And Video is another company I love. If you want 0:13:24.200 --> 0:13:26.160 to make your own index, you can put in Nvidia 0:13:26.200 --> 0:13:30.280 and AMD together. Their market cap is like three hundred 0:13:30.280 --> 0:13:33.320 and forty billion. They have twenty one percent of market 0:13:33.320 --> 0:13:37.200 share currently. I think that will only grow over time. 0:13:37.679 --> 0:13:39.080 I know they're getting beat up right now, and yeah, 0:13:39.080 --> 0:13:40.880 we'll talk about it later, but they've had a hell 0:13:40.920 --> 0:13:42.360 of a run. If you go back and this will 0:13:42.400 --> 0:13:44.280 I always say, and that's for the long term. In 0:13:44.320 --> 0:13:47.839 twenty fifteen, even towards the highs, the stock was like 0:13:47.880 --> 0:13:51.000 at ten bucks. It grew from twenty fifteen to twenty 0:13:51.040 --> 0:13:54.120 twenty two excuse me, twenty one to three hundred and 0:13:54.120 --> 0:13:57.880 forty six dollars. So when you look at Monster Domino's 0:13:57.920 --> 0:13:59.760 Pizza t mobile. 0:13:59.480 --> 0:14:00.240 We can talk out. 0:14:00.880 --> 0:14:03.360 The real secret is the only advantage that we have 0:14:03.520 --> 0:14:05.560 over hedge funds is that we have to hold for 0:14:05.559 --> 0:14:07.840 a longer period of time, and if we hold the 0:14:07.880 --> 0:14:09.800 right ones, we can have explosive growth. 0:14:10.160 --> 0:14:10.920 I love and Video. 0:14:10.960 --> 0:14:13.080 Even though they're having a setback with this issue with 0:14:13.120 --> 0:14:17.319 the United States and the conflict in China, they're. 0:14:16.960 --> 0:14:17.640 Going to be okay. 0:14:17.920 --> 0:14:22.960 And let's be honest, every recession, if you missed it, 0:14:23.200 --> 0:14:25.920 you always say, man, I wish I could have went 0:14:25.960 --> 0:14:30.560 back in time and invested in Apple, Microsoft, anything right 0:14:30.960 --> 0:14:33.640 and held it. And now we're here, back in the 0:14:33.640 --> 0:14:35.880 middle of the storm, and everyone's like, I don't know 0:14:35.880 --> 0:14:37.600 if I should get it this time, because this time 0:14:37.640 --> 0:14:41.240 may be different. What are the alternatives? Usha just told you, Yes, 0:14:41.280 --> 0:14:44.040 you can rent a house, but would it be wiser 0:14:44.040 --> 0:14:48.080 for him to have put money into eyl University? The 0:14:48.120 --> 0:14:52.160 development immersed the quality of the merchandise to grow, or 0:14:52.840 --> 0:14:54.800 give your money to a bank so they can profit 0:14:54.880 --> 0:14:57.480 off of it. Please write this down. Every dollar that 0:14:57.560 --> 0:15:00.560 you spend is either going to make your family wealthy 0:15:00.600 --> 0:15:05.960 and free or someone else's. There's no in between. So 0:15:06.120 --> 0:15:09.400 even when you pay bills, like even the mission of 0:15:09.440 --> 0:15:14.080 running errands on a Saturday was created by Edward Brenet's 0:15:14.200 --> 0:15:17.240 is a propaganda program to get people to go out 0:15:17.360 --> 0:15:19.920 in real time every week to buy more when they 0:15:19.960 --> 0:15:22.800 were not at that time, to increase the. 0:15:22.800 --> 0:15:24.360 Sales for retail stores. 0:15:25.960 --> 0:15:28.400 So everyone running errands on Saturdays, and I'm like, the 0:15:28.440 --> 0:15:31.240 traffic is crazy, But look at how much of a 0:15:31.240 --> 0:15:33.680 brilliant campaign that was to get us to actually spend 0:15:33.720 --> 0:15:39.240 our money. Because spending is actually throwing away the day 0:15:39.280 --> 0:15:41.680 in which you can retire early and giving it to 0:15:41.720 --> 0:15:45.520 someone else's family in advance. So I want us to 0:15:45.520 --> 0:15:48.080 reframe and reshift the way we look at these companies. 0:15:48.080 --> 0:15:52.120 But in this recession, a company like in video amd TSM, 0:15:52.120 --> 0:15:53.600 which we talked about, which is going to be a 0:15:53.680 --> 0:15:58.000 key like political chess move that we have to protect. 0:15:58.520 --> 0:16:01.760 Be mindful of how you're spending on but appreciate the 0:16:01.800 --> 0:16:07.400 blessing that we have to have this knowledge to have earners. 0:16:07.400 --> 0:16:09.520 What's up? You ever walk into a small business and 0:16:09.560 --> 0:16:13.080 everything just works like, the checkout is fast, the receipts 0:16:13.080 --> 0:16:16.640 are digital, tipping is a breeze, and you're out the 0:16:16.680 --> 0:16:20.760 door before the line even builds. Odds are they're using Square? 0:16:21.240 --> 0:16:23.840 We love supporting businesses that run on square because it 0:16:23.960 --> 0:16:26.920 just feels seamless. 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If I've 0:19:04.520 --> 0:19:07.439 made you money, please put yes, sure, get your tickets 0:19:07.480 --> 0:19:07.840 to market. 0:19:07.880 --> 0:19:08.840 Money's live in New York. 0:19:09.160 --> 0:19:11.600 And uh, we didn't do that announcement, but maybe we'll 0:19:11.640 --> 0:19:13.160 talk about it towards the close of the show. 0:19:13.640 --> 0:19:15.200 Got a couple of surprises. 0:19:16.440 --> 0:19:19.560 Few and I said computing, and I actually left out 0:19:19.640 --> 0:19:22.359 the EV space, right, So in video is big en 0:19:22.359 --> 0:19:24.760 that and especially when we talk about China, A lot 0:19:24.760 --> 0:19:27.280 of EV companies that they that are there are using 0:19:27.280 --> 0:19:30.760 in videos seven conductions to actually function, to use functions 0:19:30.800 --> 0:19:34.120 inside of the cars. So yeah, video is one of them. Companies. Man, 0:19:34.200 --> 0:19:35.480 put it on your list. If it's not. 0:19:36.359 --> 0:19:37.760 Amazon, time. 0:19:39.760 --> 0:19:40.600 You go this time? 0:19:42.400 --> 0:19:43.080 Do you want me to go? 0:19:43.840 --> 0:19:45.560 I already said it's still my stock of the year. 0:19:45.640 --> 0:19:50.199 I'm standing on it. I'm standing on that Amazon. I 0:19:50.240 --> 0:19:53.840 think it's no more when it comes to the retail 0:19:53.920 --> 0:19:56.399 space and buying. One of my favorite tests to always 0:19:56.400 --> 0:19:59.000 ask people okay, if you have to buy something right now, 0:19:59.560 --> 0:20:02.840 what CO you're going to go to? So for my entrepreneurs, 0:20:02.880 --> 0:20:05.240 we talked about media and how to grow media a 0:20:05.240 --> 0:20:08.120 lot last week. This week, I want you to learn 0:20:08.160 --> 0:20:11.040 how to identify a problem. So for those of you 0:20:11.080 --> 0:20:12.960 that are a little bit older, like how we are now, 0:20:13.000 --> 0:20:15.680 at one point, the internet was not reliable to buy 0:20:15.680 --> 0:20:17.919 things and then going to a store is really inconvenient. 0:20:19.560 --> 0:20:23.439 They have created a system and processes where you are 0:20:23.480 --> 0:20:25.679 able to get your stuff so fast that even if 0:20:25.680 --> 0:20:28.320 I'm traveling across country, I'll be like, Hey, I need 0:20:28.359 --> 0:20:29.560 to order lights for a book. 0:20:29.760 --> 0:20:31.000 I know I ought to be at the hotel for 0:20:31.080 --> 0:20:34.000 me by the time I get there. The reliability of 0:20:34.040 --> 0:20:35.919 the brand is one of the things that makes them 0:20:35.920 --> 0:20:41.440 absolutely special. Then Amazon Web Services then on top of that, 0:20:41.920 --> 0:20:43.480 even though they're not one of the top players in 0:20:43.480 --> 0:20:46.560 this space, they do have a media component to their business. 0:20:47.000 --> 0:20:50.040 Jeff Bezos is one of the greatest executives to Grace 0:20:50.760 --> 0:20:54.480