WEBVTT - Cliff Notes: How to Evaluate a Company Before Investing with Troy & Ian

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<v Speaker 1>Let Square handle the back end so you can keep

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<v Speaker 1>pushing your vision forward. When we evaluate a company, these

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<v Speaker 1>are the things that we're looking at. Number one, the

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<v Speaker 1>current price. I mean, that seems pretty obvious, but I'm

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<v Speaker 1>just gonna say it.

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<v Speaker 2>You want to know where.

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<v Speaker 1>The current price is because you want to know where

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<v Speaker 1>it falls in its range. And its range means it's

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<v Speaker 1>fifty two week high versus fifty two week low, right,

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<v Speaker 1>So that range is where it's at for its peak

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<v Speaker 1>for the year and where it's for it's low for

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<v Speaker 1>the year. Now, if that current price is near the peak,

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<v Speaker 1>and this is what we always tell people, but nobody listens.

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<v Speaker 3>You have to wait, God'll wait. If you buy the High,

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<v Speaker 3>you will die. I'm sorry, I'm so sorry. Please write

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<v Speaker 3>it down. If you buy the High, you will die.

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<v Speaker 3>You are going to be upset and you're gonna text

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<v Speaker 3>me and Troy. Hey, I need to talk to him. Hey,

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<v Speaker 3>don't do it. Everyone who bought it at Apple water High,

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<v Speaker 3>they are shipping their pants right now.

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<v Speaker 2>I'm like, I told you to wait.

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<v Speaker 3>Even the greatest companies have pullbacks, which is a sign

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<v Speaker 3>of the overall economy.

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<v Speaker 1>Right, So this is important, right, You want to make

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<v Speaker 1>sure that you're in a range. Like I would say

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<v Speaker 1>a ten to fifteen percent pulled back from it's high.

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<v Speaker 1>Some people might go further twenty percent, which was equal

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<v Speaker 1>of correction. So anytime a company pulls back any between

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<v Speaker 1>ten to twenty percent, that is considered a correction. So

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<v Speaker 1>if we look at Apple, which was at one hundred

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<v Speaker 1>and ninety dollars now going down to one sixty seven.

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<v Speaker 1>But these are the times when you want to look

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<v Speaker 1>at so when you start seeing red, and that's why

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<v Speaker 1>we always tell people never, never, never be fearful. When

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<v Speaker 1>you see red, this is the time you should be greedy.

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<v Speaker 1>This is the time, you should be like, all right,

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<v Speaker 1>I was patient. Now my patient is going to pay off.

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<v Speaker 1>It's pulled back to a point where I cannot get

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<v Speaker 1>into the investment and see the benefits on the appreciation

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<v Speaker 1>all the way up. So the fifty two week and

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<v Speaker 1>fifty two week high and low are important. Profitability is important.

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<v Speaker 1>Is the company making money?

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<v Speaker 3>That's so key. I know it seems like a basic thing.

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<v Speaker 3>But some companies people ask about they are negative. So

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<v Speaker 3>if the company is not making money, how do you

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<v Speaker 3>think that the company is going to grow. It may

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<v Speaker 3>grow off speculation and may grow if it was an aspect,

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<v Speaker 3>but a lot of those companies end up dying.

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<v Speaker 2>So please like, make sure that the company at least

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<v Speaker 2>is in profit.

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<v Speaker 1>Ability is important, right, profit margin and this is something

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<v Speaker 1>and we'll do two together. Right, We'll do profit margin

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<v Speaker 1>operating margin, because I know when I'm listening sometimes and

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<v Speaker 1>I'm like, we'll use Disney for example, like we did

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<v Speaker 1>the other day, and we're like, wait, what's the profit margin?

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<v Speaker 1>The profit margin means what?

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<v Speaker 3>How for every one hundred dollars, Well, how much are

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<v Speaker 3>they're keeping? So for Apple to be a multi trillion

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<v Speaker 3>dollar company, they keep twenty five dollars out of every

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<v Speaker 3>one hundred that comes in phenomenal business model, especially at scale.

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<v Speaker 3>So if they're keeping between fifteen percent to thirty percent,

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<v Speaker 3>I'm in love with it. If it's single digit profit margin,

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<v Speaker 3>it's a business I don't want to invest in. And

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<v Speaker 3>I think it's one of the purest ways you can

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<v Speaker 3>evaluate a company to see if it's worth investing in. Like,

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<v Speaker 3>I want to pick on Disney again, but if you

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<v Speaker 3>do look, Disney profit margin is two point sixty five percent.

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<v Speaker 3>So if I had a business that for every one

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<v Speaker 3>hundred dollars I came and I kept two bucks, what

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<v Speaker 3>you want to invest in me? I don't care about

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<v Speaker 3>the I ain't King three that they got in the vault,

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<v Speaker 3>Simba died. Sorry, Until you get that pret well in theory,

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<v Speaker 3>until that profit margin is higher, I'm scar.

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<v Speaker 2>I hate all of Disney right now. Now.

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<v Speaker 3>I wanted to win for Troy as an investor, I'm like,

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<v Speaker 3>I can't.

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<v Speaker 2>There's no way on.

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<v Speaker 3>Earth I can touch that investment right now. So profit

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<v Speaker 3>margin matters a hell of a lot.

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<v Speaker 1>It's a it's a huge indicator, and it's the reason

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<v Speaker 1>why we love in videos so much. When we talk

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<v Speaker 1>about profit margins Like we brought up Apple and when

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<v Speaker 1>you hear twenty five percent thirty six percent, I think

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<v Speaker 1>for Microsoft, when you're hearing videos at forty eight percent,

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<v Speaker 1>nearly fifty percent profit margins every hundred dollars, they're keeping

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<v Speaker 1>fifty of it.

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<v Speaker 3>Yes, And if they pick up one hundred and twenty

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<v Speaker 3>million from UH from Meta for the metaglasses, like not

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<v Speaker 3>knowing billion, they're keeping forty eight percent of that. Like

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<v Speaker 3>you see why Jenson's so happy on stage. Jenson looked

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<v Speaker 3>like a rock star at that last conference. I would

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<v Speaker 3>too if for every billion came in I was.

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<v Speaker 2>Keeping for Yes.

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<v Speaker 1>I think Zuckerberg said they're buying three hundred was it

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<v Speaker 1>three hundred thousand, three hundred thousand GPUs from the video

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<v Speaker 1>at an average price, let's say the price, and they

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<v Speaker 1>said that the prices could range from twenty thousand to

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<v Speaker 1>forty thousand per chip. You're talking about a six to

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<v Speaker 1>ten billion dollar transaction. If they're keeping a fifty percent

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<v Speaker 1>profit margin on that transaction, keeping.

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<v Speaker 2>Three billion off of one company from.

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<v Speaker 1>One company, they've they've they've made three to five billion.

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<v Speaker 2>Come on, man, which is like unstoppable, I.

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<v Speaker 1>Mean pretty, that's pretty remarkable operating margin.

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<v Speaker 2>Yeah, operate margin. Just think of it as like gross

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<v Speaker 2>and how much we'll a room they have.

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<v Speaker 3>So if you go to Nvidia, they have fifty four

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<v Speaker 3>percent operate margin, which is amazing. So I'm looking at

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<v Speaker 3>the differential between how much operating margin and how much

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<v Speaker 3>margin they're keeping inside of the profit margin, and it's

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<v Speaker 3>really a good range. All that really means is like,

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<v Speaker 3>for they're managing the money that comes in incredibly well.

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<v Speaker 3>Like if they had let's say fifty five percent operate

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<v Speaker 3>margin fifteen percent profit margin, I would be like, what are.

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<v Speaker 2>You doing with the money?

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<v Speaker 3>You're doing some music industry accounting with the money that's

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<v Speaker 3>coming in, right, But they're doing a great job. For

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<v Speaker 3>most of the money that is coming in for operating expenses,

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<v Speaker 3>they are converting that into profit, which I absolutely love.

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<v Speaker 1>Perfect revenue sounds self explanatory, but this is the money

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<v Speaker 1>that is being brought into the company, right, So when

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<v Speaker 1>we talk about revenue, that's important, But the next line

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<v Speaker 1>is equally is important.

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<v Speaker 2>Right.

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<v Speaker 1>You could be bringing in money, but what is the debt?

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<v Speaker 2>Right, So when we.

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<v Speaker 1>Talk about revenue, we talk about debt. What we're really

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<v Speaker 1>encumbassing is the balance sheet. So you might hear people

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<v Speaker 1>talk about what's the balance sheet, what's the balance sheet,

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<v Speaker 1>what are they bringing in? How much is it costing

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<v Speaker 1>them to bring that in, and what is the overall

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<v Speaker 1>debt that s left over after that that revenue is

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<v Speaker 1>brought in. So those when we talk about balance sheets,

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<v Speaker 1>that's the encumbass in the last one I think is

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<v Speaker 1>I mean when we talk about importance when we're looking

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<v Speaker 1>at a company. Now we're telling you these things, but

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<v Speaker 1>in a set we're going to show you exactly how

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<v Speaker 1>to find these things, so that when you try to

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<v Speaker 1>evaluate the company, you can know exactly where they are

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<v Speaker 1>and then you could say, all right, this is a

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<v Speaker 1>good investment. This may not be a good investment, like

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<v Speaker 1>you might hear all the news in the world, right,

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<v Speaker 1>Like Uber would be like two years ago, if we

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<v Speaker 1>put Uber to this test, yeah, we would look at

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<v Speaker 1>it and say, I'm not sure if this is a

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<v Speaker 1>sound investment right now.

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<v Speaker 2>Yeah, it would have been a failed two years ago.

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<v Speaker 1>It would have been a fail right because they weren't

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<v Speaker 1>even profitable. That has changed over the past couple of years.

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<v Speaker 1>But operating cash flow in encompassed.

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<v Speaker 2>That for us, well, I took the last two. I'll

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<v Speaker 2>let you take this.

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<v Speaker 1>Yeah, I always talk about operating clash flow. It's like

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<v Speaker 1>one of my favorite things to talk about. It's the

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<v Speaker 1>last line budget on on the statistics for financial the

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<v Speaker 1>fundamentals for a company, because it talks about how much

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<v Speaker 1>money they have left over? Right when they have their assets, Yep,

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<v Speaker 1>their liability is are weighed? What is left over?

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<v Speaker 2>What's left over?

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<v Speaker 1>A thing we've heard before, right, Yeah, I ass of

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<v Speaker 1>a liabilities great slogan. Right, that's what's left over? And

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<v Speaker 1>why is that important? Because when companies have operating cash

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<v Speaker 1>flow or we could say free cash flow, that means

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<v Speaker 1>that they have money for innovation. That means they have

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<v Speaker 1>money for maybe the best hiring. That means they have

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<v Speaker 1>money for murders and acquisitions.

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<v Speaker 2>Acquisitions are key. Yeah. Look, we talked about it on Monday.

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<v Speaker 3>Without Instagram, Facebook will probably be dead in the water.

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<v Speaker 2>I mean, I put the clip.

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<v Speaker 3>Microsoft made a big Bomber made a bid for twenty billion,

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<v Speaker 3>got it turned down. Great move by Zuckerberg, and Zuckerberg

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<v Speaker 3>then goes and buys Instagram. And at the time you

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<v Speaker 3>can argue Zuckerberg was a better CEO than Bomber, But

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<v Speaker 3>they had to operate in cash flow to be able

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<v Speaker 3>to make that acquisition for a billion, which has been

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<v Speaker 3>like one hundred and fifty extra turn for pH risiculous.

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<v Speaker 2>And shout off to black Belt that.

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<v Speaker 1>When you guys are talking about the biggest or the

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<v Speaker 1>greatest investments of all time, you spoke about Meta acquiring Instagram,

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<v Speaker 1>but you talked about Google acquiring YouTube for one point

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<v Speaker 1>six billion of all time.

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<v Speaker 2>Yeah, I mean think about that.

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<v Speaker 1>That was twenty years ago. What has that returned then?

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<v Speaker 2>Right?

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<v Speaker 1>We talked about YouTube by itself is a multi billion

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<v Speaker 1>dollar company.

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<v Speaker 3>Mustily and if they were in public, YouTube were probably

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<v Speaker 3>number one in that communications list.

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<v Speaker 2>Definitely on the ATV. Absolutely.

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<v Speaker 1>Yeah, It's bigger than any communications network you can think of.

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<v Speaker 1>It's far to pass for Rizon or any other service

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<v Speaker 1>Charter Disney for sure. YouTube is that Netflix.

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<v Speaker 2>I would say YouTube is TV for this generation.

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<v Speaker 1>It is.

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<v Speaker 3>It is like if I said to you twenty years ago,

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<v Speaker 3>Google is going to go buy all the TV networks

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<v Speaker 3>in America, You're like, there's no way, And then they

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<v Speaker 3>got YouTube.

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<v Speaker 4>An illegal alien from Guatemala charged with raping a child

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<v Speaker 4>in Massachusetts. An MS thirteen gang member from El Salvador

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<v Speaker 4>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 4>filming and selling child pornography in Michigan. These are just

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<v Speaker 4>some of the heinous migrant criminals caught because of President

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<v Speaker 4>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 4>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 4>crossings are at the lowest levels ever recorded, and over

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<v Speaker 4>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 4>are here illegally, your next you will be fine nearly

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<v Speaker 4>one thousand dollars a day, imprisoned and deported. You will

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<v Speaker 4>never return. But if you register using our CBP home

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<v Speaker 4>app and leave now, you could be allowed to return legally.

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<v Speaker 4>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 4>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.