1 00:00:00,200 --> 00:00:03,240 Speaker 1: The investing black hole is growing fast. It's sucking in 2 00:00:03,320 --> 00:00:07,680 Speaker 1: nearby funds, killing portfolios that are using old investment strategies 3 00:00:07,720 --> 00:00:12,320 Speaker 1: like Ray Dalios funds, which have lost over seventy billion dollars. 4 00:00:12,480 --> 00:00:15,320 Speaker 1: And you have a choice to either use this black 5 00:00:15,320 --> 00:00:18,919 Speaker 1: hole's energy to grow your portfolio or risk getting sucked 6 00:00:19,040 --> 00:00:23,279 Speaker 1: inside and never escaping to the portfolio, the retirement or 7 00:00:23,280 --> 00:00:25,960 Speaker 1: the life that you dreamed of. And warning this might 8 00:00:26,000 --> 00:00:28,200 Speaker 1: be hard for you to understand because you're going to 9 00:00:28,240 --> 00:00:30,680 Speaker 1: have to throw out a lot of what you've learned 10 00:00:30,680 --> 00:00:33,440 Speaker 1: from your financial advisor. So in this video, I'm going 11 00:00:33,520 --> 00:00:36,880 Speaker 1: to break down what this investing black hole is, why 12 00:00:37,000 --> 00:00:40,520 Speaker 1: Ray Dalios and your financial advisor strategies they're all at risk, 13 00:00:40,800 --> 00:00:43,479 Speaker 1: and how you can invest in this black hole to 14 00:00:43,560 --> 00:00:45,880 Speaker 1: stay ahead now real quick. If you're new the channel, 15 00:00:45,880 --> 00:00:47,920 Speaker 1: my name is Mark Moss. I've been investing my own 16 00:00:47,960 --> 00:00:51,280 Speaker 1: money and writing investment research reports and advising others now 17 00:00:51,320 --> 00:00:54,400 Speaker 1: for about two decades. I'm a partner of a Bitcoin 18 00:00:54,480 --> 00:00:58,160 Speaker 1: AI focused VC hedge fund, Moscow strategic advisor to a 19 00:00:58,200 --> 00:01:01,480 Speaker 1: brand new publicly traded company. It's focusing on the intersection 20 00:01:01,520 --> 00:01:04,360 Speaker 1: of bitcoin and AI. So when it comes to these topics, 21 00:01:04,400 --> 00:01:06,199 Speaker 1: you could say that I have a front row seat, 22 00:01:06,400 --> 00:01:09,880 Speaker 1: and more importantly, my time and my money is exactly 23 00:01:09,920 --> 00:01:14,039 Speaker 1: where my mouth is. So let's go all right, So 24 00:01:14,040 --> 00:01:15,880 Speaker 1: we're going to just jump right in and get right 25 00:01:15,920 --> 00:01:18,039 Speaker 1: into it. The first thing we're talking about is what 26 00:01:18,120 --> 00:01:20,880 Speaker 1: the heck is this black hole that I'm even talking about? Okay, 27 00:01:21,040 --> 00:01:23,440 Speaker 1: So you know a black hole is like in space 28 00:01:23,480 --> 00:01:26,119 Speaker 1: and it sucks in all matter and energy, and that's 29 00:01:26,120 --> 00:01:28,800 Speaker 1: exactly what we're talking about here. So what happens is 30 00:01:29,080 --> 00:01:32,760 Speaker 1: we have these quantum waves, these quantum leaps forward, and 31 00:01:32,920 --> 00:01:35,800 Speaker 1: they are basically like this black hole. Now you might 32 00:01:35,800 --> 00:01:38,280 Speaker 1: have seen this chart. I've been using this chart since 33 00:01:38,319 --> 00:01:40,480 Speaker 1: I think twenty twenty one something about like the last 34 00:01:40,480 --> 00:01:42,600 Speaker 1: four years, so you've probably seen me use this. But 35 00:01:42,640 --> 00:01:45,000 Speaker 1: these are the quantum waves, and so basically what happens 36 00:01:45,040 --> 00:01:50,160 Speaker 1: is these are technological revolutions, not technologies, technological revolution cycles 37 00:01:50,320 --> 00:01:52,760 Speaker 1: K waves. They happen about on a forty to sixty 38 00:01:52,840 --> 00:01:56,480 Speaker 1: year timeframe. I've charted them out as fifty years. Okay, 39 00:01:56,520 --> 00:02:00,000 Speaker 1: so every fifty years we get one of the cycles. 40 00:02:00,080 --> 00:02:01,520 Speaker 1: Now you've seen me use this chart. I'm going to 41 00:02:01,560 --> 00:02:03,400 Speaker 1: break it down for you and you've probably also seen 42 00:02:03,440 --> 00:02:05,760 Speaker 1: me use this chart because there's not just one, but 43 00:02:05,800 --> 00:02:08,680 Speaker 1: there's three cycles that are all happening in a two 44 00:02:08,760 --> 00:02:11,639 Speaker 1: hundred and fifty year political revolution cycle, an eighty year 45 00:02:11,720 --> 00:02:16,680 Speaker 1: financial revolution cycle, and a fifty quantum wave cycle. And 46 00:02:16,720 --> 00:02:20,520 Speaker 1: they're all three converging right here right now. But that's 47 00:02:20,520 --> 00:02:22,440 Speaker 1: a topic for a whole another video. If you want 48 00:02:22,480 --> 00:02:24,440 Speaker 1: me to make a new video about that, let me 49 00:02:24,480 --> 00:02:27,000 Speaker 1: know in the commons down below. But we are talking 50 00:02:27,000 --> 00:02:31,680 Speaker 1: about these quantum wave leaps that happen about every fifty years, 51 00:02:31,919 --> 00:02:34,519 Speaker 1: and we're witnessing one right now. Now. There's a couple 52 00:02:34,600 --> 00:02:36,160 Speaker 1: things to know about this. Well, there's a lot of 53 00:02:36,200 --> 00:02:37,760 Speaker 1: things to know. I could do a whole video just 54 00:02:37,840 --> 00:02:40,280 Speaker 1: on this. Maybe I should drop me a comment if 55 00:02:40,280 --> 00:02:42,120 Speaker 1: you want that, But there's a couple things to know. 56 00:02:42,639 --> 00:02:46,799 Speaker 1: There's two main things that make these quantum waves different. Again, 57 00:02:46,800 --> 00:02:50,360 Speaker 1: they're not technologies, they're technological revolutions, and it's a cluster 58 00:02:50,440 --> 00:02:53,480 Speaker 1: of technologies. But there's two main things that matter. One, 59 00:02:54,280 --> 00:02:56,680 Speaker 1: they change the course of humanity. So when we had 60 00:02:57,080 --> 00:02:58,960 Speaker 1: steam engines, all of a sudden, we could now move 61 00:02:59,000 --> 00:03:01,960 Speaker 1: stuff across continents. When we had electricity, obviously, I don't 62 00:03:01,960 --> 00:03:03,080 Speaker 1: have to tell you what that's done. When we had 63 00:03:03,080 --> 00:03:06,440 Speaker 1: an automobile, humans had walked for all of eternity, and 64 00:03:06,480 --> 00:03:09,160 Speaker 1: now we had transportation. So these are these change course 65 00:03:09,160 --> 00:03:11,120 Speaker 1: of humanity. But more importantly, what I want to talk 66 00:03:11,160 --> 00:03:14,560 Speaker 1: about is that during these quantum waves or I call 67 00:03:14,639 --> 00:03:18,200 Speaker 1: them Q waves for shorts, not only do they change humanity, 68 00:03:18,240 --> 00:03:22,520 Speaker 1: but they drive all financial markets. So what's driven the 69 00:03:22,520 --> 00:03:26,760 Speaker 1: markets for the last fifty years telecom, personal computers, and 70 00:03:26,840 --> 00:03:31,760 Speaker 1: Internet represented by Jeff Bezos. What drove the markets for 71 00:03:31,800 --> 00:03:35,880 Speaker 1: the fifty years before that, Well, it was Ford gm ge. 72 00:03:36,480 --> 00:03:38,920 Speaker 1: What drove the markets for fifty years before that, it 73 00:03:39,000 --> 00:03:42,320 Speaker 1: was steel, it was railways, it was oil, and you 74 00:03:42,360 --> 00:03:44,560 Speaker 1: start to get the drift. Now. Of course, you could 75 00:03:44,560 --> 00:03:46,240 Speaker 1: put your money wherever you want. You can put into bonds, 76 00:03:46,240 --> 00:03:48,640 Speaker 1: you can put it into whatever real estate. But the 77 00:03:48,720 --> 00:03:50,960 Speaker 1: majority of the wealth was made here for the last 78 00:03:51,000 --> 00:03:52,680 Speaker 1: fifty years, just like the majority of the wealth was 79 00:03:52,720 --> 00:03:56,240 Speaker 1: made there for the last fifty years. That represents the 80 00:03:56,240 --> 00:03:57,640 Speaker 1: black hole. I'm going to break it down for you 81 00:03:57,680 --> 00:03:59,760 Speaker 1: in numbers that you can understand, but just to kind 82 00:03:59,760 --> 00:04:02,640 Speaker 1: of put this into perspective. In the fifth wave, we're 83 00:04:02,640 --> 00:04:04,600 Speaker 1: now entering the sixth wave. But if we go back 84 00:04:04,640 --> 00:04:05,960 Speaker 1: to the fifth wave to take a look at this, 85 00:04:06,280 --> 00:04:08,400 Speaker 1: Like I said, all the money, the big money was 86 00:04:08,440 --> 00:04:12,920 Speaker 1: really made in that tech cycle. Again, it was represented 87 00:04:12,920 --> 00:04:16,719 Speaker 1: by the microprocessor, which brought telecommunications, personal computers, and the Internet. 88 00:04:17,040 --> 00:04:19,159 Speaker 1: And so we look at this now. Of course, you 89 00:04:19,160 --> 00:04:21,359 Speaker 1: could be in your diversified fund and you could be 90 00:04:21,360 --> 00:04:23,480 Speaker 1: making your six or seven percent per year, but if 91 00:04:23,480 --> 00:04:25,039 Speaker 1: you want to make the big money, you would be 92 00:04:25,160 --> 00:04:28,599 Speaker 1: in that sector. So here, for example, is Intel. Intel 93 00:04:28,680 --> 00:04:31,960 Speaker 1: started the microprocess or revolution which led to this cluster 94 00:04:32,040 --> 00:04:34,400 Speaker 1: of technologies. And you can see in the first part 95 00:04:34,440 --> 00:04:37,320 Speaker 1: of the cycle. So there's four different parts of this cycle. 96 00:04:37,520 --> 00:04:39,760 Speaker 1: That's a whole separate topic for a whole another video. Again, 97 00:04:39,800 --> 00:04:42,719 Speaker 1: leave mea comments if you want that, But there's four cycles. 98 00:04:42,760 --> 00:04:45,520 Speaker 1: In the first part of the cycle, Intel went up 99 00:04:45,560 --> 00:04:49,560 Speaker 1: by twenty three thousand percent. In the second part of 100 00:04:49,600 --> 00:04:51,800 Speaker 1: the cycle, which we're going into now, i'll show you 101 00:04:51,839 --> 00:04:54,560 Speaker 1: that in a second it went up by another twenty 102 00:04:54,600 --> 00:04:58,560 Speaker 1: six thousand percent twenty three thousand percent gain twenty six 103 00:04:58,600 --> 00:05:01,040 Speaker 1: thousand percent game, which is much better than the six 104 00:05:01,080 --> 00:05:02,880 Speaker 1: or eight percent you were making the SP five hundred. 105 00:05:03,080 --> 00:05:05,080 Speaker 1: So these are the investing black holes. Let me give 106 00:05:05,080 --> 00:05:09,479 Speaker 1: you another couple examples. Here's Apple. So then the microprocessor 107 00:05:09,800 --> 00:05:13,120 Speaker 1: led to the personal computer boom, which Apple got to 108 00:05:13,160 --> 00:05:16,240 Speaker 1: participate in. And Apple during this part of the cycle, 109 00:05:16,320 --> 00:05:18,120 Speaker 1: the second part of the cycle. Again, i'll show you 110 00:05:18,200 --> 00:05:21,520 Speaker 1: that in a second went up by one point five 111 00:05:21,920 --> 00:05:25,120 Speaker 1: million percent. So cool, make your seven eight percent in 112 00:05:25,120 --> 00:05:27,520 Speaker 1: the stock market, that's cool, the SMP five hundred index. 113 00:05:27,560 --> 00:05:29,960 Speaker 1: But if you want to make one point five million percent, 114 00:05:30,240 --> 00:05:33,840 Speaker 1: you have to be invested into the qwave. And again 115 00:05:33,960 --> 00:05:40,599 Speaker 1: personal computers, Microsoft fifty seven thousand percent in the first phase, 116 00:05:40,720 --> 00:05:44,000 Speaker 1: fifty seven thousand percent in the second phase. It went 117 00:05:44,120 --> 00:05:47,680 Speaker 1: up by almost one point five million. So that is 118 00:05:47,720 --> 00:05:50,600 Speaker 1: the power of this. This was the last the fifth wave. 119 00:05:50,920 --> 00:05:54,360 Speaker 1: Now we're going into the six qwave or quantum wave 120 00:05:54,400 --> 00:05:57,040 Speaker 1: as I call them. That's causing this black hole. Now 121 00:05:57,040 --> 00:05:59,080 Speaker 1: why is it a black hole? Well, it's a black 122 00:05:59,080 --> 00:06:01,400 Speaker 1: hole becausember one, that's the place to invest, and two 123 00:06:01,440 --> 00:06:03,279 Speaker 1: that's where you make a lot of money. But more importantly, 124 00:06:03,920 --> 00:06:07,440 Speaker 1: there's really nowhere else to invest, like really, and what 125 00:06:07,480 --> 00:06:10,159 Speaker 1: do I mean by that? Well, if we look at investing, 126 00:06:10,400 --> 00:06:13,360 Speaker 1: we're trying to make money obviously, and the whole purpose 127 00:06:13,360 --> 00:06:15,400 Speaker 1: that we have to invest is because they debase our money. 128 00:06:15,760 --> 00:06:17,800 Speaker 1: If our money was able to buy more goods and 129 00:06:17,839 --> 00:06:21,080 Speaker 1: service in the future, we could just save our stored 130 00:06:21,160 --> 00:06:23,760 Speaker 1: energy in our money. But because they continue to debase 131 00:06:23,800 --> 00:06:27,480 Speaker 1: that money by inflation, we're losing our value. We're forced 132 00:06:27,520 --> 00:06:30,520 Speaker 1: to now become investors to beat that rate, beat the 133 00:06:30,600 --> 00:06:33,840 Speaker 1: rate at which they're stealing, which is the real rate. Now. 134 00:06:33,880 --> 00:06:35,960 Speaker 1: The problem or why I call it the real rate, 135 00:06:36,320 --> 00:06:38,960 Speaker 1: is because they change the definition in about the nineteen 136 00:06:39,000 --> 00:06:41,520 Speaker 1: fifties of what inflation is. It used to be like 137 00:06:42,000 --> 00:06:44,440 Speaker 1: the rate of debasement. Now it's like consumer price inflation, 138 00:06:44,520 --> 00:06:46,839 Speaker 1: so the price of consumer goods. And the reason why 139 00:06:46,839 --> 00:06:49,560 Speaker 1: that's the problem is that right now CPI is somewhere 140 00:06:49,600 --> 00:06:51,920 Speaker 1: in the three to three and a half percent range. 141 00:06:52,040 --> 00:06:53,800 Speaker 1: So you're like, cool, well, the S and P five 142 00:06:53,880 --> 00:06:58,159 Speaker 1: hundred is making me seven percent inflation's three percent. I'm 143 00:06:58,240 --> 00:07:02,159 Speaker 1: doing pretty dang good. But that could be wrong. So 144 00:07:02,200 --> 00:07:04,040 Speaker 1: what am I talking about? We have something called a 145 00:07:04,120 --> 00:07:05,840 Speaker 1: hurdle rate. A hurdle rate is the rate to be 146 00:07:06,080 --> 00:07:08,760 Speaker 1: has illustrated here now. In business, the hurdle rate would 147 00:07:08,760 --> 00:07:11,320 Speaker 1: be when I have to borrow capital for my business. 148 00:07:11,360 --> 00:07:13,160 Speaker 1: So I have to buy some new equipment, a new truck, 149 00:07:13,160 --> 00:07:15,800 Speaker 1: a new building, whatever, and I have to borrow that money, 150 00:07:15,800 --> 00:07:19,000 Speaker 1: and I'm paying six eight ten percent interest on that money. 151 00:07:19,240 --> 00:07:21,920 Speaker 1: When I was doing fixing and flipping homes and building, 152 00:07:22,200 --> 00:07:24,960 Speaker 1: for example, I did over one hundred properties fixed and flip. 153 00:07:25,160 --> 00:07:27,200 Speaker 1: I built this building we're in here now, I would 154 00:07:27,200 --> 00:07:30,480 Speaker 1: borrow hard money. So the cost of me borrowing that 155 00:07:30,560 --> 00:07:33,800 Speaker 1: money was ten percent for one year. I had to 156 00:07:33,880 --> 00:07:36,760 Speaker 1: make more than that just to cover the cost of 157 00:07:36,800 --> 00:07:38,440 Speaker 1: the capital, and then I had profit on top of that. 158 00:07:38,440 --> 00:07:40,640 Speaker 1: That's the hurdle rate. And so what we really have 159 00:07:41,080 --> 00:07:44,320 Speaker 1: the hurdle rate is not CPI, the three, four or five, 160 00:07:44,360 --> 00:07:46,520 Speaker 1: whatever the government tells you it is. The real rate 161 00:07:46,560 --> 00:07:49,960 Speaker 1: of a hurdle rate is the actual rate of debasement. 162 00:07:50,240 --> 00:07:52,440 Speaker 1: So let me show you what that looks like. Now, 163 00:07:52,560 --> 00:07:56,360 Speaker 1: this is the US I think a global liquidity is. 164 00:07:56,360 --> 00:07:57,440 Speaker 1: I'm going to show you that in a second. I 165 00:07:57,440 --> 00:07:59,520 Speaker 1: think the global liquity is a better number to look at. 166 00:07:59,640 --> 00:08:03,520 Speaker 1: But here's fed. It's a pretty good representation. Since twenty nineteen, 167 00:08:05,000 --> 00:08:08,360 Speaker 1: the rate of debasement or monetary expansion, however you want 168 00:08:08,400 --> 00:08:11,920 Speaker 1: to call it, has been averaging ten percent per year, 169 00:08:12,600 --> 00:08:14,880 Speaker 1: So that is the start of the hurdle rate. I 170 00:08:14,920 --> 00:08:17,040 Speaker 1: need to make at least ten percent because that's how 171 00:08:17,120 --> 00:08:20,040 Speaker 1: much I'm losing every single year. On top of it, 172 00:08:20,320 --> 00:08:23,040 Speaker 1: I have my ten percent plus now I have the 173 00:08:23,080 --> 00:08:25,760 Speaker 1: cost of goods going up, so let's call that three percent. 174 00:08:26,160 --> 00:08:29,400 Speaker 1: So now I'm at about thirteen percent hurdle rate. I 175 00:08:29,440 --> 00:08:31,760 Speaker 1: probably want to put a risk premium in there, two 176 00:08:31,840 --> 00:08:34,800 Speaker 1: to three percent risk premium. So now I'm at fifteen 177 00:08:35,040 --> 00:08:38,440 Speaker 1: sixteen percent. That's the number I have to beat. And 178 00:08:38,480 --> 00:08:42,160 Speaker 1: the reason why that's important to understand is because what 179 00:08:42,200 --> 00:08:45,560 Speaker 1: you see is your index funds. You see your four 180 00:08:45,600 --> 00:08:48,040 Speaker 1: oh one K, your mutual funds going up in value 181 00:08:48,200 --> 00:08:50,720 Speaker 1: in what we call nominal value, but you don't feel 182 00:08:50,760 --> 00:08:53,520 Speaker 1: more rich. You're not getting ahead. And that is why. 183 00:08:54,240 --> 00:08:56,240 Speaker 1: This is a tweet that I just replied to from 184 00:08:56,280 --> 00:08:58,560 Speaker 1: my friend Joe Klasari, and he's saying, if you use 185 00:08:58,600 --> 00:09:01,680 Speaker 1: CPI inflation just at all time, Hi, he's talking about bitcoin, 186 00:09:02,000 --> 00:09:05,560 Speaker 1: And he said, or if you use the actual inflation 187 00:09:05,640 --> 00:09:09,240 Speaker 1: that's double the official government CPI data, And I said, 188 00:09:09,480 --> 00:09:12,800 Speaker 1: I claim that the actual inflation is the rate of debasement, 189 00:09:13,320 --> 00:09:15,920 Speaker 1: not CPI and not double CPI. It's the rate of debasement, 190 00:09:16,160 --> 00:09:18,880 Speaker 1: which I just showed you. Now, the reason why this 191 00:09:18,960 --> 00:09:21,120 Speaker 1: is a hurdle rate and where this becomes a problem 192 00:09:21,440 --> 00:09:23,760 Speaker 1: is when we look at all of the different places 193 00:09:23,800 --> 00:09:25,840 Speaker 1: that we can invest into. So this is where we 194 00:09:25,920 --> 00:09:28,400 Speaker 1: get into the investing black hole. So if we look 195 00:09:28,440 --> 00:09:31,760 Speaker 1: at all the different asset classes, these are classes. Now 196 00:09:31,800 --> 00:09:34,880 Speaker 1: within these classes, like for example, the NASDAC is the 197 00:09:34,960 --> 00:09:38,120 Speaker 1: number two asset class. The NASDAK represents tech stocks and 198 00:09:38,160 --> 00:09:40,680 Speaker 1: of course there's you know, hundreds and hundreds of tech 199 00:09:40,720 --> 00:09:43,000 Speaker 1: stocks in there, but it's an asset class. If we 200 00:09:43,040 --> 00:09:45,679 Speaker 1: look at the asset classes, this is since twenty eleven 201 00:09:46,120 --> 00:09:50,040 Speaker 1: until twenty twenty four, and this represences every single year. 202 00:09:50,200 --> 00:09:53,160 Speaker 1: The return based off of these asset classes and what 203 00:09:53,240 --> 00:09:55,600 Speaker 1: we have and this is ranked highest to lowest. So 204 00:09:55,640 --> 00:09:58,640 Speaker 1: at the very top asset class, the best performing is Bitcoin. 205 00:09:59,080 --> 00:10:01,840 Speaker 1: Bitcoin has returned earned a one hundred and forty four 206 00:10:01,920 --> 00:10:06,040 Speaker 1: percent annualized return. Is that better than the fourteen percent 207 00:10:06,120 --> 00:10:08,560 Speaker 1: hurdle rate? Fifteen percent hurdle rate? Is it better or worse? 208 00:10:08,760 --> 00:10:11,680 Speaker 1: It's better. So if you bought bitcoin, you are getting ahead. 209 00:10:12,200 --> 00:10:15,320 Speaker 1: Now we have the next performing asset class, which is 210 00:10:15,400 --> 00:10:18,240 Speaker 1: number two, which is the Nasdaq, and the Nasdaq has 211 00:10:18,360 --> 00:10:22,560 Speaker 1: returned seventeen and a half percent. Now is that better 212 00:10:22,600 --> 00:10:25,079 Speaker 1: than the hurdle rate of fourteen fifteen percent? Yes, by 213 00:10:25,080 --> 00:10:28,280 Speaker 1: about two or three percent. So good buying the Nasdaq. 214 00:10:28,440 --> 00:10:31,560 Speaker 1: I've done better. But then we have down here in 215 00:10:31,679 --> 00:10:34,680 Speaker 1: fourth place, the S and P five hundred, and this 216 00:10:34,760 --> 00:10:37,600 Speaker 1: is where most of you are buying into your index funds, 217 00:10:37,640 --> 00:10:40,720 Speaker 1: your four gage mutual funds, if your financial advisors advising you, 218 00:10:40,920 --> 00:10:43,000 Speaker 1: and we have that in fourth place, and that has 219 00:10:43,080 --> 00:10:46,760 Speaker 1: averaged twelve and a half percent. So is that beating 220 00:10:46,880 --> 00:10:50,320 Speaker 1: the real hurdle rate? And the answer is no. Now 221 00:10:50,440 --> 00:10:53,640 Speaker 1: everything else is below that. Here we have gold way 222 00:10:53,679 --> 00:10:57,360 Speaker 1: down here, which has averaged two to four percent return. 223 00:10:57,360 --> 00:10:59,000 Speaker 1: It's a little bunffair because gold sort of had to 224 00:10:59,000 --> 00:11:01,000 Speaker 1: pop over the last year. So Maoby pushes up to 225 00:11:01,000 --> 00:11:04,160 Speaker 1: six seven percent. I haven't recalculated the last fourteen years, 226 00:11:04,240 --> 00:11:07,240 Speaker 1: so six seven percent. It's still way below the hurdle rates. 227 00:11:07,280 --> 00:11:09,240 Speaker 1: So that's the problem. That's why this is a black hole. 228 00:11:09,480 --> 00:11:13,120 Speaker 1: So if none of this, if basically from here down, 229 00:11:13,240 --> 00:11:15,640 Speaker 1: if none of this is beating the hurdle rate, why 230 00:11:15,640 --> 00:11:18,520 Speaker 1: would you invest into it. This would make it clear 231 00:11:18,559 --> 00:11:21,280 Speaker 1: there's really only two different asset classes you should be 232 00:11:21,320 --> 00:11:26,600 Speaker 1: considering to investing into. And therein lies the problem that 233 00:11:26,800 --> 00:11:29,679 Speaker 1: assets they all have different performance and they all kind 234 00:11:29,679 --> 00:11:32,160 Speaker 1: of compete against each other. Now, as I said, it's 235 00:11:32,200 --> 00:11:34,360 Speaker 1: not just the US liquidity that we want to be 236 00:11:34,360 --> 00:11:36,760 Speaker 1: looking at. We want to be looking at global liquity. 237 00:11:36,840 --> 00:11:40,200 Speaker 1: So this is a chart from twenty ten till currently. 238 00:11:40,200 --> 00:11:42,200 Speaker 1: So this is the globally. This is the amount of 239 00:11:42,320 --> 00:11:45,480 Speaker 1: money or currency and credit that's available in the globe 240 00:11:45,480 --> 00:11:48,600 Speaker 1: in the world, so China, Bank of Japan, European Central Make, 241 00:11:48,640 --> 00:11:51,680 Speaker 1: et cetera. And you can see this goes up. Now, 242 00:11:51,800 --> 00:11:53,480 Speaker 1: nothing goes up and down the straight lines. So we 243 00:11:53,559 --> 00:11:55,920 Speaker 1: had some down here, we had some down here, et cetera. 244 00:11:57,440 --> 00:12:00,200 Speaker 1: These move on cycles. That's a whole nother video. There's 245 00:12:00,200 --> 00:12:02,040 Speaker 1: about four year cycles. If you want that video, let 246 00:12:02,040 --> 00:12:04,200 Speaker 1: me know in the commons down below. But the reason 247 00:12:04,240 --> 00:12:05,679 Speaker 1: why I want to show you this is then if 248 00:12:05,720 --> 00:12:08,760 Speaker 1: we take the global liquidity and we map it, or 249 00:12:08,760 --> 00:12:11,319 Speaker 1: we overlay it with assets like the S and P 250 00:12:11,480 --> 00:12:14,120 Speaker 1: five hundred, we start to see some very interesting things. 251 00:12:14,160 --> 00:12:17,520 Speaker 1: For example, the black is the S and P five 252 00:12:17,640 --> 00:12:20,840 Speaker 1: hundred and the gold or the orange is the global liquidity. 253 00:12:20,920 --> 00:12:24,640 Speaker 1: And you can see that they move in almost perfect lockstep. 254 00:12:25,280 --> 00:12:29,360 Speaker 1: Now not perfect, about almost perfect, but somewhere between ninety 255 00:12:29,440 --> 00:12:32,840 Speaker 1: and ninety five percent correlated. And so that means that 256 00:12:32,960 --> 00:12:34,920 Speaker 1: if you buy the S and P five hundred, as 257 00:12:34,920 --> 00:12:37,000 Speaker 1: I already showed you, you're averaging twelve and a half percent. 258 00:12:37,320 --> 00:12:39,800 Speaker 1: You're just keeping your nose above water, but you're not 259 00:12:39,840 --> 00:12:43,040 Speaker 1: actually getting ahead. Now, the same is true with US 260 00:12:43,120 --> 00:12:45,520 Speaker 1: real estate. So if we look at the US median 261 00:12:45,640 --> 00:12:49,920 Speaker 1: real estate, since here we have about twenty fourteen, here's 262 00:12:49,920 --> 00:12:52,440 Speaker 1: twenty twenty, what we can see is that the US 263 00:12:52,520 --> 00:12:55,160 Speaker 1: median real estate, the prices are going up, and what 264 00:12:55,240 --> 00:12:58,160 Speaker 1: we have on the blue line is the debasement the 265 00:12:58,280 --> 00:13:01,200 Speaker 1: amount of monetary expansion, and you can see they move 266 00:13:01,440 --> 00:13:06,680 Speaker 1: almost perfectly. Now, the monetary expansion moved faster here, and 267 00:13:06,720 --> 00:13:09,160 Speaker 1: now the homes are starting to catch up. And here 268 00:13:09,160 --> 00:13:12,600 Speaker 1: we are the homes are a perfect proxy for the 269 00:13:12,679 --> 00:13:14,559 Speaker 1: rate of inflation. Now homes do a little bit better 270 00:13:14,640 --> 00:13:17,079 Speaker 1: because there's other ways to make money with homes. For example, 271 00:13:17,080 --> 00:13:19,240 Speaker 1: you use leverage, right, you use a loan, you have 272 00:13:19,320 --> 00:13:22,480 Speaker 1: tax efficiency write offs, things like that. But on a 273 00:13:22,559 --> 00:13:25,079 Speaker 1: straight monetary basis, you can see it's a perfect proxy. 274 00:13:25,120 --> 00:13:27,560 Speaker 1: But then we have other assets and this is where 275 00:13:27,559 --> 00:13:30,400 Speaker 1: the black hole starts kicking in. So now we have 276 00:13:30,440 --> 00:13:33,679 Speaker 1: a chart. The blue line is again global liquidy, and 277 00:13:33,720 --> 00:13:35,959 Speaker 1: now what we have is white is what we call 278 00:13:36,040 --> 00:13:39,640 Speaker 1: inflation hedges as a basket of gold and bitcoin, and 279 00:13:39,679 --> 00:13:42,280 Speaker 1: what we can see is that now the correlation is 280 00:13:42,320 --> 00:13:45,520 Speaker 1: down to about eighty percent. Now what that means is, yes, 281 00:13:45,600 --> 00:13:49,840 Speaker 1: sometimes it moves in lockstep, but then it greatly overperforms. 282 00:13:50,120 --> 00:13:51,720 Speaker 1: And what we can see is that these different assets 283 00:13:51,720 --> 00:13:54,320 Speaker 1: have what we call different sensitivities. So gold has a 284 00:13:54,360 --> 00:13:58,480 Speaker 1: sensitivity ratio of about one point four to nine. Bitcoin 285 00:13:58,559 --> 00:14:01,440 Speaker 1: has a sensitivity ratio of eight point ninety five. So 286 00:14:01,520 --> 00:14:05,240 Speaker 1: what that means is for every ten percent increase in liquidy, 287 00:14:05,520 --> 00:14:08,360 Speaker 1: which is happening about every year, gold goes up by 288 00:14:08,480 --> 00:14:14,600 Speaker 1: about fourteen percent and bitcoin goes up by about ninety percent. 289 00:14:16,160 --> 00:14:18,360 Speaker 1: The reason why you have to understand this is because 290 00:14:18,440 --> 00:14:20,640 Speaker 1: if you're going to be investing your money, you should 291 00:14:20,680 --> 00:14:23,600 Speaker 1: know what asset classes you're going into. For the black hole, 292 00:14:23,880 --> 00:14:26,200 Speaker 1: and that brings us to ray Alio, one of the 293 00:14:26,200 --> 00:14:28,840 Speaker 1: most famous investors in the world and how he's losing 294 00:14:28,960 --> 00:14:31,360 Speaker 1: billions of dollars. Now, I just want to say here, 295 00:14:31,440 --> 00:14:34,880 Speaker 1: Rayalary is absolutely brilliant. I've read several of his books. 296 00:14:35,120 --> 00:14:38,160 Speaker 1: I admire his work. He's obviously made billions of dollars, 297 00:14:38,280 --> 00:14:40,760 Speaker 1: so I'm not trying to discredit him. What I'm trying 298 00:14:40,760 --> 00:14:42,600 Speaker 1: to say is that something I learned a long time 299 00:14:42,600 --> 00:14:44,880 Speaker 1: ago during the Great Financial Crash is that there's no 300 00:14:44,920 --> 00:14:48,080 Speaker 1: such thing as good and bad timing. There's good and 301 00:14:48,160 --> 00:14:51,400 Speaker 1: bad strategies. So that means no matter what the timing 302 00:14:51,440 --> 00:14:54,040 Speaker 1: is going on, if you change your strategy, it could work. 303 00:14:54,280 --> 00:14:57,640 Speaker 1: And the point is is that his strategy worked as 304 00:14:57,640 --> 00:15:00,000 Speaker 1: in past tense, but today it's not. And this is 305 00:15:00,000 --> 00:15:01,560 Speaker 1: it's just factual, not taking anything away from him, and 306 00:15:01,560 --> 00:15:03,440 Speaker 1: he's way richer than I have ever could ever be. 307 00:15:03,720 --> 00:15:05,920 Speaker 1: But let's take a look at this. So he founded 308 00:15:05,960 --> 00:15:08,880 Speaker 1: the largest hedge fund in the world, Bridgewater Capital. Again 309 00:15:09,600 --> 00:15:12,200 Speaker 1: made a lot of money. Now he's famous for basically 310 00:15:12,240 --> 00:15:15,560 Speaker 1: two portfolios. One's called an all weather portfolio and one's 311 00:15:15,560 --> 00:15:18,040 Speaker 1: called like a risk parody. They're both both basically the same, 312 00:15:18,280 --> 00:15:20,800 Speaker 1: and the goal is to buy a whole bunch of 313 00:15:20,800 --> 00:15:24,760 Speaker 1: different assets that are all supposedly uncorrelated and that way, 314 00:15:24,880 --> 00:15:26,960 Speaker 1: no matter what happens, this goes down a little bit, 315 00:15:27,000 --> 00:15:28,440 Speaker 1: these go up a little bit over here, this goes down, 316 00:15:28,520 --> 00:15:29,800 Speaker 1: This goes over here. It's sort of like if I 317 00:15:29,800 --> 00:15:32,600 Speaker 1: went to Vegas and I wanted to play I don't 318 00:15:32,640 --> 00:15:34,960 Speaker 1: know roulette, and I can bet on red or black, 319 00:15:35,240 --> 00:15:38,120 Speaker 1: so I'm just gonna bet on both. Well, I went 320 00:15:38,200 --> 00:15:39,680 Speaker 1: on one, but then I lose on the other, so 321 00:15:39,720 --> 00:15:42,960 Speaker 1: I'm basically even except for the green that once in 322 00:15:43,000 --> 00:15:45,400 Speaker 1: a while happens, I lose everything. And that's sort of 323 00:15:45,400 --> 00:15:48,040 Speaker 1: what this does. It bets across the board to sort 324 00:15:48,080 --> 00:15:51,200 Speaker 1: of be this risk parody. Now, this is his investment 325 00:15:51,240 --> 00:15:54,600 Speaker 1: strategy designed to perform across all economic conditions, and it's 326 00:15:54,600 --> 00:15:57,240 Speaker 1: basically thirty percent stocks, a whole bunch of different equities, 327 00:15:57,400 --> 00:16:01,280 Speaker 1: a bunch of equities, forty long turn bonds, fifteen percent 328 00:16:01,320 --> 00:16:04,240 Speaker 1: short term bonds, seven point five percent gold, and seven 329 00:16:04,280 --> 00:16:07,960 Speaker 1: point five percent commodities. Now that's the allocations to each 330 00:16:08,080 --> 00:16:11,120 Speaker 1: asset category. But again there's lots of assets within that, 331 00:16:11,200 --> 00:16:13,640 Speaker 1: so it gets very complex. But let's just see how 332 00:16:13,680 --> 00:16:16,400 Speaker 1: this did. So this is just factual. So here's what 333 00:16:16,440 --> 00:16:19,840 Speaker 1: we have. Remember what the hurdle rate is right, fourteen 334 00:16:19,920 --> 00:16:24,040 Speaker 1: fifteen percent, so during this period as of August twentieth, 335 00:16:24,080 --> 00:16:27,680 Speaker 1: of twenty twenty four, so pretty current here. It returned 336 00:16:27,840 --> 00:16:31,400 Speaker 1: seven point sixty five percent year to date so this year, 337 00:16:31,920 --> 00:16:36,120 Speaker 1: and five point twenty nine percent over the last ten years. 338 00:16:36,520 --> 00:16:38,600 Speaker 1: So in the last ten years, what was the real 339 00:16:38,640 --> 00:16:43,440 Speaker 1: hurdle rate fourteen percent? What did this make five percent? 340 00:16:43,520 --> 00:16:46,360 Speaker 1: It means you're losing massively now, Mark, you're cherry picking, 341 00:16:46,360 --> 00:16:48,920 Speaker 1: Well not really, that's ten years returns. We can look 342 00:16:48,920 --> 00:16:51,000 Speaker 1: at this compared to now just the S and P 343 00:16:51,160 --> 00:16:55,040 Speaker 1: five hundred, forget Bitcoin, forget the Nasdaq. Let's just look 344 00:16:55,040 --> 00:16:57,200 Speaker 1: at the SMP five hundred, which is already losing to 345 00:16:57,320 --> 00:17:00,360 Speaker 1: the to the hurdle rate. So year to date, S 346 00:17:00,360 --> 00:17:02,800 Speaker 1: and P five hundred's done seventeen and a half and 347 00:17:02,840 --> 00:17:06,200 Speaker 1: that portfolio has done seven point six Over a five 348 00:17:06,280 --> 00:17:09,560 Speaker 1: year return s and P five hundred's done thirteen point nine, 349 00:17:09,880 --> 00:17:12,399 Speaker 1: and his portfolio did four point three and over a 350 00:17:12,480 --> 00:17:15,800 Speaker 1: ten year period ten point nine versus five point two nine, 351 00:17:15,840 --> 00:17:18,480 Speaker 1: so pretty much over any timeframe. Compared to the S 352 00:17:18,520 --> 00:17:21,520 Speaker 1: and P five hundred, which is already losing, it's losing big. 353 00:17:22,560 --> 00:17:26,040 Speaker 1: We can see over thirty years, it's averaged about seven 354 00:17:26,119 --> 00:17:30,480 Speaker 1: point four to three and it also had massive, massive drawdowns, 355 00:17:30,480 --> 00:17:32,760 Speaker 1: so it's not just perfectly stable all the time. As 356 00:17:32,800 --> 00:17:34,359 Speaker 1: a matter of fact, it had a draw down of 357 00:17:34,480 --> 00:17:39,520 Speaker 1: over twenty percent that took almost three years to be recovered. 358 00:17:39,760 --> 00:17:43,399 Speaker 1: So it's just because it's has low returns doesn't mean 359 00:17:43,400 --> 00:17:45,919 Speaker 1: it's necessarily safe. And that's why investors are losing faith 360 00:17:46,359 --> 00:17:49,520 Speaker 1: in his strategy. Right, it's not in him. He's brilliant, 361 00:17:49,560 --> 00:17:53,359 Speaker 1: but his strategy is wrong for this time, lackluster five years, 362 00:17:53,400 --> 00:17:55,679 Speaker 1: they're pulling all their cash out. It's been disappointing for 363 00:17:55,720 --> 00:17:58,679 Speaker 1: a long time, and we can see this in this 364 00:17:58,800 --> 00:18:01,399 Speaker 1: article right here. It says that after five years of 365 00:18:01,480 --> 00:18:06,520 Speaker 1: subpar returns, they're yanking out their cash. Seventy billion from 366 00:18:06,560 --> 00:18:09,840 Speaker 1: the peak three years ago has been taken out in orange. 367 00:18:09,880 --> 00:18:13,960 Speaker 1: I put here it's unlikely that the next decade in markets, 368 00:18:14,200 --> 00:18:17,480 Speaker 1: or it says the next decading markets is unlikely to 369 00:18:17,640 --> 00:18:21,879 Speaker 1: resemble the last. Right, So it worked really good in 370 00:18:21,920 --> 00:18:25,480 Speaker 1: the last decade, but it's unlikely that the next decade 371 00:18:25,520 --> 00:18:28,000 Speaker 1: is going to resemble this. It says down here. The 372 00:18:28,040 --> 00:18:31,199 Speaker 1: only time the risk parody was really successful was in 373 00:18:31,240 --> 00:18:33,920 Speaker 1: the time of the great financial crash, so it worked great. 374 00:18:34,119 --> 00:18:36,600 Speaker 1: I'm not saying it didn't work. It worked amazing. But 375 00:18:36,640 --> 00:18:39,760 Speaker 1: what these people are saying pulling seventy billion dollars out 376 00:18:39,840 --> 00:18:44,240 Speaker 1: is that the next decade is unlikely to resemble the last. Okay, now, 377 00:18:44,240 --> 00:18:45,960 Speaker 1: why is it important for you to understand that you 378 00:18:45,960 --> 00:18:48,560 Speaker 1: probably don't have any money in Bridgewater Capital or with 379 00:18:48,640 --> 00:18:52,400 Speaker 1: Ray Dalio. But that's because your financial advisor is also 380 00:18:52,480 --> 00:18:55,600 Speaker 1: telling you the exact same thing. So they're probably advising 381 00:18:55,640 --> 00:18:57,919 Speaker 1: you to go into a well rounded portfolio of sixty 382 00:18:58,000 --> 00:19:01,120 Speaker 1: forty portfolio sixty percent stocks, twy percent bonds. Okay, well 383 00:19:01,119 --> 00:19:03,639 Speaker 1: that's been absolutely horrible. You're buying a whole bunch of 384 00:19:03,680 --> 00:19:07,439 Speaker 1: stocks that are all in asset classes that are underperforming 385 00:19:07,920 --> 00:19:10,359 Speaker 1: the real hurdle rate. Bonds have been even worse. So 386 00:19:10,400 --> 00:19:14,640 Speaker 1: you're well diversified. You've bought twenty thirty, forty to fifty positions. 387 00:19:15,560 --> 00:19:18,400 Speaker 1: What do you even own? Right? I deal with investors 388 00:19:18,440 --> 00:19:20,440 Speaker 1: all the time. I have coaching and I have a 389 00:19:20,840 --> 00:19:24,040 Speaker 1: consulting that I do. Hit me up if you want 390 00:19:24,040 --> 00:19:26,199 Speaker 1: some of that information down below in the description. But 391 00:19:26,680 --> 00:19:28,520 Speaker 1: most people I talk to, they say, well, I have 392 00:19:28,520 --> 00:19:29,960 Speaker 1: it in a four one K or have it in 393 00:19:30,000 --> 00:19:32,359 Speaker 1: mutual funds? Okay, well the four one K, the IRA, 394 00:19:32,560 --> 00:19:35,880 Speaker 1: the mutual fund. That's just a vehicle that you have 395 00:19:36,000 --> 00:19:39,160 Speaker 1: assets inside of. What do you even own? And most 396 00:19:39,160 --> 00:19:41,480 Speaker 1: people have no idea? And part of the reason why 397 00:19:41,600 --> 00:19:44,240 Speaker 1: you're so diversified I own I don't even know all 398 00:19:44,280 --> 00:19:45,880 Speaker 1: these different stocks. I'm not even sure what they are, 399 00:19:45,880 --> 00:19:49,040 Speaker 1: some biotech fund whatever, Like, what do you know about biotech? 400 00:19:50,520 --> 00:19:53,480 Speaker 1: The answer is probably nothing, Probably not a good place 401 00:19:53,600 --> 00:19:55,280 Speaker 1: to have your money. And then the second question is 402 00:19:55,280 --> 00:19:57,760 Speaker 1: do you even have any interest in biotech or whatever 403 00:19:57,800 --> 00:19:59,920 Speaker 1: it is? So you should only be investing in the 404 00:20:00,000 --> 00:20:01,960 Speaker 1: things that you know and understand and at least have 405 00:20:02,080 --> 00:20:04,240 Speaker 1: some interest in that you'd want to learn more about. 406 00:20:04,359 --> 00:20:05,399 Speaker 1: So maybe you don't know a lot, a whole lot 407 00:20:05,400 --> 00:20:07,200 Speaker 1: about real estate, put your interest in real estate. Maybe 408 00:20:07,240 --> 00:20:08,680 Speaker 1: you don't know a whole lot about bitcoin or AI, 409 00:20:08,760 --> 00:20:10,600 Speaker 1: but you want to, so at least you can put 410 00:20:10,600 --> 00:20:12,480 Speaker 1: time in there. But what do you even own and 411 00:20:12,520 --> 00:20:14,280 Speaker 1: do you even have any interest? Now? The reason why 412 00:20:14,280 --> 00:20:17,600 Speaker 1: I have this picture right here is because your financial 413 00:20:17,600 --> 00:20:21,480 Speaker 1: advisor is driving your yacht, the yacht that you don't have, 414 00:20:21,720 --> 00:20:23,720 Speaker 1: and what do I mean by that, we know that 415 00:20:24,040 --> 00:20:26,600 Speaker 1: based off of what I've broken down, seventy six percent 416 00:20:26,600 --> 00:20:30,640 Speaker 1: of equity mutual funds are underperforming. Now it's actually worse 417 00:20:30,720 --> 00:20:33,640 Speaker 1: than that. Ninety to ninety five percent are underperforming when 418 00:20:33,640 --> 00:20:36,359 Speaker 1: we look at MidCap and large cap, so it's even worse. 419 00:20:36,400 --> 00:20:38,919 Speaker 1: But why are they driving your yacht? And the reason 420 00:20:38,960 --> 00:20:41,639 Speaker 1: why is the fees. So the average investor, you put 421 00:20:41,640 --> 00:20:44,040 Speaker 1: about forty five thousand dollars into your fund. Over the 422 00:20:44,040 --> 00:20:45,760 Speaker 1: next thirty years, it turns into about one hundred and 423 00:20:45,800 --> 00:20:49,080 Speaker 1: forty thousand, which is great, except for they take about 424 00:20:49,119 --> 00:20:51,880 Speaker 1: one hundred of it and you get about forty five. Now, 425 00:20:51,880 --> 00:20:54,359 Speaker 1: turning ten into forty five is pretty good, but not 426 00:20:54,440 --> 00:20:58,439 Speaker 1: when they take one hundred k. Okay, So now that 427 00:20:58,520 --> 00:21:00,880 Speaker 1: we know all this, beefully this makes sense. I went 428 00:21:00,920 --> 00:21:03,200 Speaker 1: really fast, probably to make a whole bunch of videos 429 00:21:03,200 --> 00:21:04,720 Speaker 1: off of this. Like I said, drop me comments, let 430 00:21:04,720 --> 00:21:06,880 Speaker 1: me know what I should expand on to. But now 431 00:21:06,920 --> 00:21:08,879 Speaker 1: that we know this, we understand that there is an 432 00:21:08,880 --> 00:21:12,600 Speaker 1: investing black hole. Every fifty years, a quantum wave window 433 00:21:12,640 --> 00:21:14,960 Speaker 1: opens up, a qave, and the only place to invest 434 00:21:15,000 --> 00:21:16,520 Speaker 1: is in that. If we want big returns. Of course 435 00:21:16,560 --> 00:21:18,320 Speaker 1: we can make the seven eight percent over here, but 436 00:21:18,320 --> 00:21:21,160 Speaker 1: if we want to make the twenty thousand, fifty thousand turns, 437 00:21:21,200 --> 00:21:23,320 Speaker 1: that's where you have to be number two. We know 438 00:21:23,400 --> 00:21:26,879 Speaker 1: that all the other types of investments, everything below the 439 00:21:26,880 --> 00:21:30,080 Speaker 1: Bitcoin and the Nasdaq, is not keeping up with the 440 00:21:30,160 --> 00:21:32,680 Speaker 1: rate of debasement, So why would I diversify into that. 441 00:21:33,040 --> 00:21:35,520 Speaker 1: We can see how radialios funds are losing, So how 442 00:21:35,560 --> 00:21:38,040 Speaker 1: do we win with the black hole? Okay, the first 443 00:21:38,080 --> 00:21:41,840 Speaker 1: thing to understand is it's not a single technology. It's 444 00:21:41,880 --> 00:21:46,159 Speaker 1: a cluster of technologies. It's where they converge. It's how 445 00:21:46,600 --> 00:21:50,240 Speaker 1: all the sudden Bitcoin and having a decentralized wallet that 446 00:21:50,320 --> 00:21:53,440 Speaker 1: can be personless, all of sudden opens up a whole 447 00:21:53,480 --> 00:21:57,040 Speaker 1: new world with AI and robotics and autonomous vehicles. So 448 00:21:57,040 --> 00:22:00,399 Speaker 1: it's this combination that wasn't available before. It's the cluster. 449 00:22:00,800 --> 00:22:03,960 Speaker 1: It's what I'm also calling Bitcoin two point zero, and 450 00:22:04,040 --> 00:22:06,600 Speaker 1: I don't mean alt coins. What I mean is now 451 00:22:06,640 --> 00:22:11,879 Speaker 1: there's a whole slewth of publicly traded vehicles around Bitcoin. 452 00:22:11,880 --> 00:22:13,679 Speaker 1: There's all types of companies. That's what my fund, my 453 00:22:13,720 --> 00:22:16,680 Speaker 1: hedge fund invests into, my new public company invests into 454 00:22:17,000 --> 00:22:19,720 Speaker 1: is companies that are building on and around this in 455 00:22:19,760 --> 00:22:23,480 Speaker 1: this intersection, this cluster, and with AI. So it's these 456 00:22:23,560 --> 00:22:27,920 Speaker 1: things and decentralization. So it's the combination of all these 457 00:22:27,960 --> 00:22:30,720 Speaker 1: that are building new technologies we never had the building 458 00:22:30,760 --> 00:22:34,280 Speaker 1: blocks to build before. And also what I call hidden 459 00:22:34,320 --> 00:22:37,520 Speaker 1: back doors. Hidden back doors are for example, in order 460 00:22:37,560 --> 00:22:40,200 Speaker 1: for AI and all this to work, we need massive 461 00:22:40,240 --> 00:22:42,440 Speaker 1: amount of data centers to be built. And in order 462 00:22:42,440 --> 00:22:44,440 Speaker 1: to get massive amount of data centers to be built, 463 00:22:44,440 --> 00:22:47,600 Speaker 1: we need a lot of copper. We're way short on copper. 464 00:22:47,800 --> 00:22:49,600 Speaker 1: And so those are some of the hidden back doors 465 00:22:49,600 --> 00:22:51,680 Speaker 1: that we have here as well. But this is where 466 00:22:51,720 --> 00:22:53,720 Speaker 1: you want to invest right here. Now, if you want 467 00:22:53,720 --> 00:22:57,320 Speaker 1: to know six or eight different specific names I'm buying, 468 00:22:57,560 --> 00:23:00,000 Speaker 1: you might want to watch the full presentation of breakdown 469 00:23:00,040 --> 00:23:01,119 Speaker 1: of this. I'm gonna go ahead and just link it 470 00:23:01,160 --> 00:23:03,080 Speaker 1: right here. It's a private video. It's not listed, but 471 00:23:03,119 --> 00:23:05,600 Speaker 1: you can watch it by clicking right here. Otherwise, let 472 00:23:05,640 --> 00:23:07,280 Speaker 1: me know what you think about the black hole. Are 473 00:23:07,280 --> 00:23:10,239 Speaker 1: you following your advisors through a diversified account or are 474 00:23:10,240 --> 00:23:12,680 Speaker 1: you going to concentrate for maximum growth? Leave me a 475 00:23:12,680 --> 00:23:14,119 Speaker 1: comment down below, let me know what you think. Of course, 476 00:23:14,160 --> 00:23:15,520 Speaker 1: that's always give me thumbs up if you like it, 477 00:23:15,520 --> 00:23:18,120 Speaker 1: if you don't thumbs down, that's okay. That's what I got, 478 00:23:18,119 --> 00:23:20,240 Speaker 1: all right to your success, I'm out.