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Speaker 2: My graduates from my school being force backdrop drop drop
Speaker 2: b drop. This is how I kind of explain stocks
Speaker 2: when I teach it to my students that it's kind
Speaker 2: of like a giant pizza pie, right, with like a
Speaker 2: million different slices, and then each slice represents a share
Speaker 2: of a company, right. And then if you buy one
Speaker 2: slice of Nike, now you're part owner of Nike.
Speaker 4: Right.
Speaker 2: And then obviously the more slices that you buy in
Speaker 2: the pie, you have a larger ownership of that pie.
Speaker 4: Right.
Speaker 2: But all publicly traded companies that's on you know, the
Speaker 2: stock market, anybody can become an owner, and by buying ownership,
Speaker 2: whether it's in Snapchat or Facebook or Google, now you're
Speaker 2: a part owner of that company. And if the company
Speaker 2: does well, then the stock price goes up. If it
Speaker 2: doesn't do well, stock price goes down. And that's kind
Speaker 2: of like a real easy way to understand it. But
Speaker 2: that's kind of my take on it.
Speaker 5: I think that's like the baseline and premise of it. Like, right,
Speaker 5: like we want to own shares, like we know what
Speaker 5: shares are, then we want to delve into Okay.
Speaker 4: What are we owning? Why are we owning? Right?
Speaker 5: We got the have right we can go to different places,
Speaker 5: be it e trade and share, a builder and schwab.
Speaker 2: And can we just talk about that because a lot
Speaker 2: of people might not know. I'm glad you brought that
Speaker 2: up because I get that course to sometlfs too, like
Speaker 2: how do you buy stock? So it's relatively easy to
Speaker 2: do now, right, Like they have apps like Robinhood, like
Speaker 2: you said, scot Trade.
Speaker 3: E Trade stuff like that.
Speaker 2: We you can just go online and create a user name,
Speaker 2: password and you know, the link it to your bank
Speaker 2: account and you can just buy stock. That part is
Speaker 2: relatively easy to do. But the next part is what
Speaker 2: people stumble because the thing that I think people have
Speaker 2: problems stock is that, Okay, they know how to do it.
Speaker 3: But with Stocked, I buy, right, it's kind of like
Speaker 3: just throwing darts at the board blind.
Speaker 2: So what you end up just randomly picking Netflix hoping
Speaker 2: it goes up. Right, you have something interested in, you
Speaker 2: said to us as far as like when looking at stock,
Speaker 2: it's good to mo like what you're interested in?
Speaker 3: Can you just talk about that?
Speaker 5: I think the biggest thing for me to help me
Speaker 5: learn was picking areas of interest because the knowledge sticks.
Speaker 4: Right. We all had classes in school.
Speaker 5: That we didn't like, Like, we didn't like I didn't
Speaker 5: like earth science and related like, it didn't stick even
Speaker 5: though like you know, you passed a class, get a
Speaker 5: B or whatever, you ain't get in the class, right,
Speaker 5: but the information didn't stick with me because it wasn't
Speaker 5: an interesting topic.
Speaker 4: And you, yeah, you kind of want to.
Speaker 5: Get through it in this forum, right, I want to
Speaker 5: pick something that I'm interested in because when I read it,
Speaker 5: I'm going to retain it.
Speaker 4: I'm gonna hold on to it, I'm gonna build on
Speaker 4: top of it.
Speaker 5: So you're kind of an architect, right, I say my
Speaker 5: model for myself every day is that I'm the architect
Speaker 5: of my legacy, right, and every day I'm putting a
Speaker 5: brick down from my legacy because you don't get to
Speaker 5: tell people to say we're not here. So the same
Speaker 5: thing goes forward every other place of life, where it's like,
Speaker 5: all right, I'm the architect of my portfolio, I'm the
Speaker 5: architect of my knowledge base. I'm the architect of whatever
Speaker 5: is I'm doing. I'm building and it's never going to
Speaker 5: be finished. Right, It's like a skyscraper. You're just going
Speaker 5: to keep on building. On top of building, your interest
Speaker 5: is what's going to lead you to adding more bricks,
Speaker 5: Because if you're interested in tech, well, somehow you'll probably
Speaker 5: end up in media, right, And if you're interested in that,
Speaker 5: you might end up in telecom and all so on
Speaker 5: and so forth right, And all of a sudden you
Speaker 5: have this wide knowledge base because you started here, but
Speaker 5: your interests help you build more bricks to kind of
Speaker 5: build your mental skyscraper, if that makes sense. So I
Speaker 5: always said start there because you want to own the
Speaker 5: sexy stuff, right, Facebook, Amazon, Netflix, Google. You want the
Speaker 5: sexy Thing'll go to your friends and say, hey, yeah,
Speaker 5: you know, I own Facebook, own ample, right, and sexy
Speaker 5: everybody wants to own that. But the most important thing
Speaker 5: is starting off with interest so that you can build
Speaker 5: a knowledge base and you can start to build your
Speaker 5: own mental skyscraper that's going to hopefully take you places
Speaker 5: financial and mentally where you're growing in both spaces.
Speaker 2: So that's like like Warren Buffett like his approaches. He
Speaker 2: he invests in companies that he understands. Yes, right, So
Speaker 2: I always tell kids, like once again in the class,
Speaker 2: like Okay, what do you have on your feet? Everybody
Speaker 2: that has Nike Adidas, right, So it's like, Okay, you
Speaker 2: understand the brand because you spend all your money on it, right,
Speaker 2: So it's not like it's not foreign to you. Like
Speaker 2: you don't have to be a rocket scientist to figure out, Okay,
Speaker 2: Kanye just did a deal with a Didas, or Beyonce
Speaker 2: just did a deal with a Didas. Didas is hot
Speaker 2: right now? Or Nike lebron signed he got the shortage
Speaker 2: coming out. So these are things that we understand and
Speaker 2: we don't have to be a stock market analyst to
Speaker 2: know that I'm already investing money in these companies by
Speaker 2: buying why not in the actual company.
Speaker 6: In the sense you're you're making the trending, right, So
Speaker 6: there's a reason why that company went up, whether it
Speaker 6: be like the iPhone, right, he'll raise Apple sotoc or
Speaker 6: if Nike's putting on a new product or Dida's put out.
Speaker 4: On their product.
Speaker 6: We are the trend nakers, you know what I mean. So,
Speaker 6: like that was one of that's one of the key
Speaker 6: things we say. So after we tell them, hey, this
Speaker 6: is what a share is, the next thing is like
Speaker 6: invest in put money in what you already are invested in.
Speaker 4: So if it's Horizon as your phone.
Speaker 6: Company, then maybe you should have stock in that, or
Speaker 6: if it's Sprint or whoever it is, right, invest in yourself.
Speaker 5: Yeah, And that's the biggest thing, right, Like we want
Speaker 5: to understand what we invest in. Like, no one likes
Speaker 5: an investment where you kind of don't understand what's going on,
Speaker 5: and it's kind of like gambling. Now it's not an investment.
Speaker 5: Now you're just gambling. And for all that you can
Speaker 5: go put their money on black and a see hope
Speaker 5: for the best. But we look at these companies. It's
Speaker 5: very key to understand why a company goes up or
Speaker 5: why a company goes down. The stock market is very
Speaker 5: similar to fashion. Right, I'm willing to pay the extra
Speaker 5: twenty dollars for Nike as opposed to undom or why
Speaker 5: because it's Nike is a little bit cooler, right, and
Speaker 5: that's the thing you're paying for. I call it social equity.
Speaker 5: What I have on and when I'm dressed in Nike
Speaker 5: adeeda is I have the Gucci I have on product?
Speaker 5: There's a reason why those items are priced in those spaces.
Speaker 5: They know people are buying, right, and we all know
Speaker 5: it's the same factory that makes them, and it is
Speaker 5: put a tag going on. But you're willing to spend
Speaker 5: one hundred dollars more for this tag, right than the
Speaker 5: other tag because you want the social equity of somebody saying, Okay,
Speaker 5: it looks good. Okay, I see him, and that's what
Speaker 5: you're buying. So you have to also know why this
Speaker 5: company's going up, why it's going down.
Speaker 4: And that goes back to interest, right, it's what equity
Speaker 4: I need to now.
Speaker 2: Read you said that you have to learn how to
Speaker 2: read and know the interest. Okay, you're interested in one thing,
Speaker 2: but now how do you actually examine to see if
Speaker 2: this is actually worth.
Speaker 3: Buying or not?
Speaker 4: Right?
Speaker 3: So you can read, but like what do you read?
Speaker 3: Like what's good?
Speaker 2: How do you know if something is actually worth buying
Speaker 2: or not? Social equity so.
Speaker 5: Social it's kind of a term I coined myself because
Speaker 5: I always look shopping.
Speaker 4: Yeah, that's not sure? Is it something I look at
Speaker 4: go shopping or just in life? Right?
Speaker 5: What kind of car you drive? And what kind of
Speaker 5: house do you live in? What town do you live in?
Speaker 5: What do you have in your house? People are very
Speaker 5: much into the social aspect, right, like social media. You
Speaker 5: don't even really see the highlights. So it's like ESPN
Speaker 5: Top ten over again. Right, No one ever sks the
Speaker 5: grind and the failure and the ups and the downs
Speaker 5: and the ebbs and the flows. Right, we just see
Speaker 5: somebody pop up and they have all this stuff. How'd
Speaker 5: you get it?
Speaker 4: Right?
Speaker 5: But we don't care what the social equity says. I
Speaker 5: want that now, But you don't understand what that person
Speaker 5: went through to get or how they got or they
Speaker 5: could be lying whatever. It is the ideas that people
Speaker 5: want to feel accepted. No one ever wants to be
Speaker 5: the dumbest person in the room. People are okay with
Speaker 5: being the second dumbest person in the room because they said,
Speaker 5: well you dumber, so you know what, Okay, with him
Speaker 5: being dumb. I'm not the numbest person in the room, right,
Speaker 5: but no one ever thinks past that. And so the
Speaker 5: idea is to get people to critically think because a
Speaker 5: lot of things that we do habitually on their day basis,
Speaker 5: these are our habits, right. We don't ask any questions.
Speaker 5: Your mom says, when you grow up, brush teeth in
Speaker 5: the morning, why not the afternoon. We were never not
Speaker 5: programming the question things for a program, just to accept
Speaker 5: them the way they are. That's not that that stock
Speaker 5: market works. A stock could be a goodbye and could
Speaker 5: be going down right for other reasons that have nothing
Speaker 5: to do with why you think it.
Speaker 4: Should go down or why I think it should go down.
Speaker 2: So that's the part that I'm getting at. So what
Speaker 2: could make it? You know, port range? What can make
Speaker 2: a stock go up? What can make a stock go down?
Speaker 2: Other than what's obvious to the naked.
Speaker 4: Eye, right, something like that.
Speaker 5: No, it's just perception, Like think about the market, right,
Speaker 5: This all for GAZI Right, So as a CEO will
Speaker 5: get certain bonuses if a stock has certain peaks, right
Speaker 5: this Okay, you're the CEO of ABC company and they'll
Speaker 5: say you listen if you can get the shares up
Speaker 5: to thirty dollars a share and hold it around this
Speaker 5: range for four months, we'll give you ten million dollars
Speaker 5: and then so on and so forth with getting the
Speaker 5: share price up. But it's all kind of like a figazi,
Speaker 5: why is it that price?
Speaker 4: Why is up? WHI is it down? Right?
Speaker 5: Forgets supply and demanding volume. A lot of it's just
Speaker 5: perception of the market. It's what the market perceives, what
Speaker 5: big money perceives, what somebody thinks right, we get information. Now,
Speaker 5: if you own three shares at Apple and you like
Speaker 5: their third quarter earnings call, he owns one hundred million
Speaker 5: dollars Apple and he hates it. Who has more effect
Speaker 5: on how the stock goes? He does because he has
Speaker 5: more equity in the stock, so he has more say
Speaker 5: so in terms of how it moves. Even though you
Speaker 5: might be right with your three shares, he might be
Speaker 5: wrong in his perception.
Speaker 4: Right. So all this stuff is perception based.
Speaker 5: And that's why the sweat equity of actually reading and
Speaker 5: engulfing yourself in the subject matter of interest is going
Speaker 5: to help you understand the company. And if you understand Apple,
Speaker 5: it's going to be easy to understand Google. It's going
Speaker 5: to be easier to understand Amazon, It's going to be
Speaker 5: easier to understand any other kind of tech brand because
Speaker 5: the model of how they distribute their products, their ideas,
Speaker 5: and their messages. They're not like the same saying, but
Speaker 5: they're similar similar, and it's going to help you pick
Speaker 5: up on ideas. Facebook used and tactic called a little bighorn, right,
Speaker 5: And they went into Texas. They went to the University
Speaker 5: of Texas and said, hey, we want to give y'alls Facebook.
Speaker 5: The University of Texas said, now, we're University of Texas.
Speaker 4: We're good.
Speaker 5: So they went to Texas A and M Texas State.
Speaker 5: I smu every school in Texas around and gave them Facebook,
Speaker 5: to the point where students at Texas said, Yo, why
Speaker 5: we have Facebook? And the Texas was forced to do
Speaker 5: business with Facebook. That happens in business all the time, right,
Speaker 5: It's something we don't pay attention to. But these triggers
Speaker 5: and levers that happened. You'll start to notice as you read.
Speaker 5: And I said, you build the brick, right, you're building.
Speaker 5: When you get to the second floor, you go, I
Speaker 5: get that. Now I can now read the tea leaves.
Speaker 5: I've seen this coming, right, I see what possibly can happen.
Speaker 5: I don't know what's going to happen, but I can
Speaker 5: have an idea based on how well I know it.
Speaker 5: You play ball, If I come down, I go in
Speaker 5: and out. I'm either going to cross or I'm going
Speaker 5: to go straight. So as a defender, you know what
Speaker 5: I'm going to do, or have an idea so you
Speaker 5: can react.
Speaker 4: A little faster. Right, it's the same thing that we
Speaker 4: use every day.
Speaker 6: I'm going to go backward just a little bit because
Speaker 6: you said reading and that's important. On the last episode,
Speaker 6: on episode fourteen, we talked about the importance of reading
Speaker 6: and a lot of times we get discounted because we're
Speaker 6: not reading The Catcher and a Rye. Right, what publications
Speaker 6: should we be reading if we're trying to invest in
Speaker 6: the South market?
Speaker 5: I think the Wall Street Journal is good to read.
Speaker 5: Barns is a little bit of advanced, but Barons is
Speaker 5: a good place to start to read. I think Financial
Speaker 5: Time is a good place to read. I think the Economists,
Speaker 5: even though it's not solely financed dock base, it gives
Speaker 5: you a premise of outside the scope of how we
Speaker 5: think because We think domestically, right, we think about what
Speaker 5: affects America and when you're dealing with stocks and companies,
Speaker 5: these are global companies, right, So how does Europe affect
Speaker 5: this company?
Speaker 4: How does China affect this company? How does India affect
Speaker 4: this company? We don't think like that.
Speaker 5: We think, Okay, well you have a Horizon service, so
Speaker 5: you figure I'm gonna invest my money in Verizon, right,
Speaker 5: because but Verizon's a global brand. So what's going on
Speaker 5: in Australia? What's going on here? We look at the
Speaker 5: country like India. They have a billion people, right, how
Speaker 5: many people in an India do you think have a
Speaker 5: cell phone?
Speaker 4: I'm gonna say fifty million? Yeah, something small number, ten million,
Speaker 4: one hundred, like eight million, hundred and nine million people.
Speaker 4: I have a billion.
Speaker 5: So it's an arms race between Walmart and Apple. The
Speaker 5: boyst country gets to India because they're building the middle class.
Speaker 4: Right that The same thing was happening in China.
Speaker 6: Imber we spoke up off again about China Moverien and
Speaker 6: it was like they're trying to build so much infrastructure
Speaker 6: because they would they almost have two billion people, right, But.
Speaker 4: It's a race to the middle class. Right.
Speaker 5: And but when you look at the company on a
Speaker 5: broad scale, and I look at it like a company
Speaker 5: and I have like Netflix, and I said, okay, do
Speaker 5: really well.
Speaker 4: They have a lot of subcribirds.
Speaker 5: We understand how it works, but they haven't really touched
Speaker 5: Europe or other country.
Speaker 4: So there's growth there that we get you interested.
Speaker 5: Right, And those are the kind of things when you
Speaker 5: start to read about companies, you go count interested now
Speaker 5: now mentioned because I know if they're doing well here,
Speaker 5: there's an opportunity here, right. All we want in life
Speaker 5: is options, the same thing everywhere else.
Speaker 4: Right. I want the option to go out to eat.
Speaker 5: I want to have options, but I want to eat
Speaker 5: here here here, I want to have that option or
Speaker 5: I want to option.
Speaker 4: What kind of call on jobs I want to out eat?
Speaker 4: Do I want to bend? Do I want? Right? I
Speaker 4: want that option. If we work for we work to
Speaker 4: have options. Right.
Speaker 5: So the same thing in the market is that understand
Speaker 5: these companies now pull levers and the more you understand
Speaker 5: what you're digesting and investing in, the more options you'll have.
Speaker 4: Now, it's a slow reward.
Speaker 5: This thing is in a I'm going to put money
Speaker 5: in on Monday and be rich on Wednesday. This is
Speaker 5: a character choice when you're talking about starting from scratch,
Speaker 5: right in terms of a BILLITINGR portfolio. So now you
Speaker 5: might not see the siege of labor, right. It might
Speaker 5: go to your kids but right, Or it might be
Speaker 5: something that is a passion project and you can only
Speaker 5: fund so much. We'll be realistic, like everybody doesn't have
Speaker 5: one hundred thousand throwing to the market or a million.
Speaker 5: You start winning thousand here, one thousand and there. So
Speaker 5: you have to be patient with it and be patient
Speaker 5: with your own growth, the same way that we're patient
Speaker 5: in life with different things.
Speaker 4: That's gonna lead us into a very interesting yeah.
Speaker 3: All right, So yeah, so now you got the you know,
Speaker 3: the groundwork.
Speaker 2: That was a lot we're going Now we're gonna go
Speaker 2: into the hot topics of the day.
Speaker 4: All right.
Speaker 2: So now we're going to go into some hot topics
Speaker 2: because everybody's been talking about the stock market recently for
Speaker 2: a couple of different companies.
Speaker 3: Lifting Google specifically, a couple others.
Speaker 2: Pinterest is another one, Pinterest, But everybody's interested in lifting Google.
Speaker 2: They just well lift ipo and Uber is about the
Speaker 2: i po. Right, So everybody's been hitting us up, like,
Speaker 2: can you talk about Lyft? Can you talk about what
Speaker 2: with OPO? Should we buych you?
Speaker 3: You're not so.
Speaker 2: First of all, we're not here to give you stock advice.
Speaker 2: We're just here to give you information. And then from
Speaker 2: the information you can you know, do whatever you want. Right,
Speaker 2: So cut all right? The first question is that IPO. Right,
Speaker 2: A lot of people will hit this term, but they're not.
Speaker 2: They don't fully even understand what's.
Speaker 4: Happening itself, gotcha.
Speaker 5: So it's an initial public offering a lot of times
Speaker 5: we see the evaluation for a company and like, is
Speaker 5: that how the product they get? The numbers hold evaluation
Speaker 5: and come from a multiue of things.
Speaker 4: The valuation.
Speaker 5: You can look at a company and think that the
Speaker 5: company's worth thirty billion. You can look at a company
Speaker 5: and thinks the company's worth ten billion.
Speaker 4: Right.
Speaker 5: Everybody has a different metrics on what they value stuff.
Speaker 5: And again the evaluation is from without looking inside, right,
Speaker 5: This is just on the outside of your house, like
Speaker 5: the appraisal, right, So it's appraising you. So the evaluation
Speaker 5: could be correct, could not be?
Speaker 2: Because I was gonna say, because right now, Uber is
Speaker 2: possibly they look at a hundred billion.
Speaker 5: Somewhere in the realm, they're gonna come up with the
Speaker 5: high value might be one of the higher ones, right.
Speaker 2: Hundred let's say one hundred billion dollar valuation. That's what
Speaker 2: they're looking at. And they've never made a proper so
Speaker 2: that's another thing, right lift, it's never made a profit.
Speaker 5: So that part of it is like basically, once you
Speaker 5: go an IPO and you haven't made a profit, that
Speaker 5: clock starts taking. Now you got to make a really
Speaker 5: good right, and they'll give you some quarters to kind
Speaker 5: of get your feet wet and stuff together, right, But eventually,
Speaker 5: now you're open to investors and public investors and other
Speaker 5: institutions and hedge funds.
Speaker 4: Who all have different motives. You might be a long
Speaker 4: term investor, he.
Speaker 5: Might be a hedge from looking to make a quick
Speaker 5: buck or making look make a power play, right, and
Speaker 5: that kind of gets into the market if you awys
Speaker 5: want to think about it. It's like the ocean, right,
Speaker 5: you got sharks, and you have fish, and you have whales,
Speaker 5: and you have eels and you have seals. You have
Speaker 5: all these different creatures. They all have different purposes, right
Speaker 5: the octopus, and they all just want to live their
Speaker 5: life in the ocean.
Speaker 4: They want what they want, right.
Speaker 5: The eel's not worried about what the shark's doing, and
Speaker 5: the shark's not worried about what the coyfish is doing.
Speaker 4: They're all just.
Speaker 5: Living in the same atmosphere. But they have different purposes.
Speaker 5: And that's a stock market. When you start to get
Speaker 5: into the exchange and all these different investors, right, that's
Speaker 5: a deeper dive when you get into this IPO market.
Speaker 5: The company's doing it because they feel like with the
Speaker 5: extra cash, they'll be able to take their company to
Speaker 5: the next level, the same way that you might take
Speaker 5: a home equity loan out because you feel like you
Speaker 5: can take your house to the next level and it'll
Speaker 5: raise the evaluation in your house by adding the bathroom
Speaker 5: or adding the kitchen, or adding something to your home,
Speaker 5: right and eventually going to pay that money back, because
Speaker 5: that's a debt.
Speaker 4: Right, they're offering equity, that's debt. They owes money money.
Speaker 5: They use other people's money to take themselves to the
Speaker 5: next level, the same way as people. We take loans
Speaker 5: and credit cards to take ourselves to the next level.
Speaker 4: Companies to do right, we're all owns.
Speaker 5: We're the CEOs or our own companies every day, right,
Speaker 5: so your balance sheet of what you do on a
Speaker 5: daily basis, you're the CEO. You are Rashad as a
Speaker 5: CEO or Rashard co. So decisions you make on a
Speaker 5: daily basis the same way as CEO made decisions for
Speaker 5: his company. So you start to look at it like that,
Speaker 5: it's all kind of connect together. You know, you're like, Okay,
Speaker 5: I understand why they would do this now because he's
Speaker 5: moving in the best interest the same way that you
Speaker 5: would do that, right.
Speaker 2: Like so then also all right, but so Snapchat, right,
Speaker 2: can we talk? They still haven't made a profit, okay,
Speaker 2: and they say that they might never make a profit,
Speaker 2: right yep. So okay, So these companies come into the
Speaker 2: stock market like Uber and Lifting they never made a profit.
Speaker 2: But from my perspective and the easiest way to explain,
Speaker 2: people will still give them a benefit of the doubt
Speaker 2: because they believe in the business model anything. One day
Speaker 2: they will turn a profit, right, But sometimes they don't
Speaker 2: turn a profit like Snapchat.
Speaker 4: So now what it.
Speaker 5: Comes down to potential, Right, at some point in time,
Speaker 5: you get too old to have potential. Right, It's like basketball,
Speaker 5: It's about life, right, Like if I don't get it
Speaker 5: right at seventeen years old, it's like, well, you have
Speaker 5: your whole life ahead of year, and then I don't
Speaker 5: get it right at twenty four, where you're still young.
Speaker 5: I don't get it right at twenty six. Hey you
Speaker 5: kind of on your last legs. I don't get it
Speaker 5: right a thirty five. I like, fam just didn't figure
Speaker 5: it out.
Speaker 6: That's that's what I say, right, Like you have a dude,
Speaker 6: don't make it out there at a certain point in time,
Speaker 6: the potential is going right.
Speaker 5: I can't use that as a as an excuse as
Speaker 5: to why I'm not accomplishing something, And so accept all
Speaker 5: these things in the stock marketing, all these things in
Speaker 5: life kind of tying together. So yeah, on potential, I'm
Speaker 5: going to invest in this company because it can be
Speaker 5: fruitful if I was investing.
Speaker 4: That's what the person's thinking, rather earners. What's up.
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Speaker 8: An illegal alien from Guatemala charged with raping a child
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Speaker 5: Sponsored by the United States Department of Homeland Security, saying Okay,
Speaker 5: I get the premise.
Speaker 4: I understand the business concept.
Speaker 5: I understand how they make money, how they plan to
Speaker 5: make money, what they're gonna do. First part. Second part
Speaker 5: is are they gonna execute?
Speaker 4: Right?
Speaker 5: We understand now, but I believe in the execution. And
Speaker 5: then if they don't execute, what's my next move? Everybody never,
Speaker 5: nobody ever plans a fail. Like people always plan for
Speaker 5: everything to go right. And that's not how life works.
Speaker 5: Right when I was a kid, Okay, I'm gonna get
Speaker 5: my degree at twenty two, I'd be married at twenty five,
Speaker 5: make six figures at twenty six, I'm gonna have a
Speaker 5: kid at thirty. Like that never happens. But life that
Speaker 5: punches you in the mouth, and you know, everybody's journey
Speaker 5: is different. So that's why I said this stuff is
Speaker 5: all kind of like life based, because at the end
Speaker 5: of the day, these journeys these companies are on are
Speaker 5: independent their own. Like the CEO's job is to do
Speaker 5: a certain job with the company and raise capital or
Speaker 5: to take the shares to a certain price, and Adidas
Speaker 5: and a Nike, though they are competitors, they might have
Speaker 5: different you know, operating procedures or different goals of what
Speaker 5: they want to do. And that comes down to like
Speaker 5: looking actually in the company at what they're doing well,
Speaker 5: what they're not doing well, and how their success or
Speaker 5: failure basically affects the ecosystem with which they live in,
Speaker 5: which is the stock market. For example, foot Locker derives
Speaker 5: a lot of the success from Nike, right Nike's a big,
Speaker 5: biggest shoe retailer in terms of sneakers. Twenty seventeen, Nike
Speaker 5: had a very bad fashion year. They didn't hit on
Speaker 5: a lot of different things, right, So they had a
Speaker 5: down year that took Footlocker stock from like seventy to
Speaker 5: thirty bucks to drop like sixty five percent because they're.
Speaker 4: Tied to that.
Speaker 5: And then on top of Nike not having a good
Speaker 5: year and an affecting foot Locker, Nike said We're now
Speaker 5: going to directly distribute shoes from Amazon.
Speaker 4: So the market said, oh, you guys are definitely in.
Speaker 5: Trouble now, right, And now you look at Footblocker and
Speaker 5: they've kind of built themselves back. And Nike had a
Speaker 5: better year the two seventies hit and the whole They
Speaker 5: have a bunch of different shoe lines and clothing lines
Speaker 5: that hit that did well, and that ecosystem, right, they're
Speaker 5: doing well affected foot Blocker. So the same I said,
Speaker 5: It's like an ocean, right, the ecosystem and how we
Speaker 5: do things affects everybody. It's important to understand Nike because
Speaker 5: I'm going to understand the DTIs. It's going to help
Speaker 5: me understand under Armour, It's going to help me understand
Speaker 5: foot Locker, it's going to help me understand Sketchers, and
Speaker 5: help me understand all these other companies that are in
Speaker 5: the same ecosystem on a daily basis, and that will
Speaker 5: now affect what I want to invest in if that's
Speaker 5: what I want to invest in.
Speaker 2: So would you recommend like specialty? All right, So if
Speaker 2: I wanted to get started in a stock market, right,
Speaker 2: should I just focus my own here and say, okay,
Speaker 2: I remember ready interested in tech. Let me just focus
Speaker 2: on tech so I can learn everything about tech that
Speaker 2: I need to know Google, Amazon, Facebook, all of these companies,
Speaker 2: or focus my energy on fashion or because then it's
Speaker 2: like okay, once I'm master that, Like you said, now
Speaker 2: one tech company is kind of related to the next
Speaker 2: tech company, and I'll be able to read those publications.
Speaker 3: I'll kind of have my niche.
Speaker 2: Or would you just recommend like broad range learning much
Speaker 2: about as much things as possible.
Speaker 5: Like I said before, I'm a big proponent of read
Speaker 5: what you're interested in. That's the best way, because you're
Speaker 5: gonna get excited to read. Like I don't think people
Speaker 5: get excited to read. Like you're not excited to read
Speaker 5: certain stuff, Like we don't have to read the Apple
Speaker 5: contracts when they pops up and it's like.
Speaker 4: You don't see what you're saying.
Speaker 5: Yes, they're like saying, yo, we're gonna take information, We're
Speaker 5: gonna stop here, and like okay, whatever, agree, agree, agree, Right.
Speaker 4: No one likes to read.
Speaker 5: So the biggest thing is is to do the things
Speaker 5: that you don't like to do it you're not comfortable.
Speaker 4: That's when you know you're growing.
Speaker 5: Like if I'm doing stuff and I'm not comfortable doing
Speaker 5: it because I don't have a comfortability, I don't do
Speaker 5: it all the time.
Speaker 4: I need to do it because I'm grown.
Speaker 5: I don't need to keep on doing the same things
Speaker 5: that I'm comfortable with, Right, but the comfortability isn't the
Speaker 5: interest just from.
Speaker 4: The teaching standpoint that comes with endurance.
Speaker 6: Like reading, endurance is a thing, right like the first
Speaker 6: time you read an article, maybe you do it for
Speaker 6: five minutes, and then that's time, you do it for
Speaker 6: ten minutes, and then by you.
Speaker 4: Know, a month or six months, now you're reading for
Speaker 4: an hour. Right. You got to build that thing up.
Speaker 4: You got to train yourself to do it, all.
Speaker 2: Right, So now we yeah, we gave you some backgron
Speaker 2: on it. So now we're going to go into the
Speaker 2: next level of how you guys can actually get your
Speaker 2: foot in the game and start to make some money
Speaker 2: because it's one thing to learn about it, but it's
Speaker 2: another thing to actually profit from it, all right, gos So,
Speaker 2: now we gave you some background info on the stock markets,
Speaker 2: how stocks work. But now you know, it's one thing,
Speaker 2: as I said before, to provide information, it's another thing
Speaker 2: that actually use the information. So now we want to
Speaker 2: give you some tools that you can use yourself as
Speaker 2: far as you know, to get your feet wet and investing.
Speaker 2: So all right, we talked about platforms, right, So there's
Speaker 2: there's a there's a there's a lot of different platforms
Speaker 2: how somebody can invest. Right, one of the apps is Robinhood, right,
Speaker 2: what what's what? What's your favorite? Like what's your what?
Speaker 5: So it depends right, like do you want to do
Speaker 5: do you bank with Chase and then you can do
Speaker 5: it through JP Morgan Chase if you wanted to do it, right,
Speaker 5: do you bank through Bank of America? You do, AMERI
Speaker 5: Lynch If you bank through as Far you do. So
Speaker 5: there's platforms there. There's there's scott Trade, there's e Trade,
Speaker 5: there's t D, there's Robinhood, there's Acorn, there are glutt
Speaker 5: in your places.
Speaker 3: Acorn, because somebody asks about Acorn has a unique platform.
Speaker 5: So Acorn is the company if I'm not misinform is
Speaker 5: a company that I think ash Cusher is a part
Speaker 5: of where I take the change when you use it
Speaker 5: and they buy shares with your change, and it's a
Speaker 5: way to get exposure to the market.
Speaker 4: Right.
Speaker 5: So like the game that we're playing is all about exposure.
Speaker 5: You don't know what you don't know? Right, So then
Speaker 5: reading exposure these sites exposure. Now you're exposed to all
Speaker 5: these sites we're mentioning, go on there, read their platform,
Speaker 5: read the offers, read call them. They have customer service
Speaker 5: people ask questions, say, hey, if I choose you as
Speaker 5: opposed to them, what benefit do I have. That's the thing.
Speaker 5: We're in a bubble right now. The ideas that get
Speaker 5: out that bubble, and so what we want to preach is, yeah,
Speaker 5: there are a lot of platforms, and now the onus
Speaker 5: is on the person that do due diligence. I don't
Speaker 5: know what works best for you because I don't know
Speaker 5: your financial circumstances. I don't know where you bank, I
Speaker 5: don't know what you're comfortable with. There are companies that
Speaker 5: have customer service reaps you can call before you make
Speaker 5: a trade, that will help walk you through stuff. They'll
Speaker 5: help find research with you. They have platforms. It's extensive stuff.
Speaker 5: It's very labor intensive, right, All this stuff is labor intensive.
Speaker 5: So now this comes down to how passionate are you
Speaker 5: about things? So we read the fine press. So I
Speaker 5: want to let people know too.
Speaker 2: A lot of time people have the misconception that you
Speaker 2: have to be wealthy or rich to invest in stock market.
Speaker 5: Right, which is it's not true because the end game
Speaker 5: to the difference on how people think and not everybody
Speaker 5: looks like this, right, money is temporary and it comes
Speaker 5: and goes ebbs and flows. Knowledge is what we're mining here,
Speaker 5: Like we're crafting knowledge, right. I can't take that from you.
Speaker 5: I can't go in your brain and take the knowledge.
Speaker 5: What makes the knowledge powerful is that you can build
Speaker 5: on it or you can share it, and you can
Speaker 5: make other people knowledgeable. And if me and you both
Speaker 5: have to be knowledgeable, well then you have iron and
Speaker 5: shop and iron, right, and that's where it gets powerful.
Speaker 5: And then when I do have the actual capital to
Speaker 5: do things significantly, I'm ready mentally, right, So you can
Speaker 5: have a million dollars and not be sufficiently educated to move,
Speaker 5: so that you can have one thousand dollars and be educated,
Speaker 5: and all you're doing is building your knowledge based until
Speaker 5: that moment comes where you have that money to make
Speaker 5: significant move for yourself. So the ideas we're preaching exposure,
Speaker 5: we're preaching knowledge. Right, we'll keetch your hands in the dirt.
Speaker 5: But it comes down to the individual person. How bad
Speaker 5: do you want to learn the market? How bad do
Speaker 5: you want to be a resource for your friends and family?
Speaker 5: How bad do you want to see your goals happen.
Speaker 5: I don't control that you don't control that. We're all
Speaker 5: CEOs our own companies. So again, bunch of platforms. Right,
Speaker 5: we can give you the names, we can list them
Speaker 5: out by the end of the day, you have to
Speaker 5: do it's best for you. Because I don't wear a
Speaker 5: side small, so I can't try a side small. Surely
Speaker 5: want to tell you if it's not, I'm going to
Speaker 5: excel the same thing for people. These platforms are good
Speaker 5: if you have this amount of money to invest and
Speaker 5: you're looking for this kind of customer service. If you
Speaker 5: don't want any customer service, you want to do it yourself,
Speaker 5: this platform is good if you want to be able
Speaker 5: to walk into a bank brand and have a conversation
Speaker 5: with somebody about different things in the face of it, well,
Speaker 5: this is good.
Speaker 4: Free.
Speaker 5: These things are all quite essential to what it is
Speaker 5: you're looking for.
Speaker 2: Yeah, now I like what you said as far as
Speaker 2: you can't take the knowledge. Because I had one friend
Speaker 2: who he he made he made a million dollars let's
Speaker 2: say roughly like he made a million dollars young, right,
Speaker 2: then he fell on some hard times and he lost
Speaker 2: pretty much all of it. And but another one of
Speaker 2: my friends was talking to him and he was like
Speaker 2: you're going to make a million dollars again easy. And
Speaker 2: when he said that, it was kind of like I
Speaker 2: asked him later, I'm like, why would you say that,
Speaker 2: you don't even know, like it's not easy to make
Speaker 2: a million dollars? Said because he already made it before,
Speaker 2: so he got the information. He understands how to do it.
Speaker 2: Now you just got to do it again. That's like,
Speaker 2: that's the first million. You can't, like you said, you
Speaker 2: can't take somebody's knowledge. Once you have the knowledge to
Speaker 2: do it, you're gonna do it again.
Speaker 5: Well, what makes them dangerous, right, like in terms of
Speaker 5: being able to get that back, is that he has
Speaker 5: knowledge and experience. It's one thing to be a coach
Speaker 5: and coach a sport, but there's another thing to play
Speaker 5: and be in that moment because I can now coach
Speaker 5: from a different angle because I've been in that moment.
Speaker 5: So we watch coaches in the NBA and there's certain
Speaker 5: guys we look at and it's like that dude really
Speaker 5: was never in that moment, So it's hard for him
Speaker 5: to get across this player the significance of the moment
Speaker 5: because he didn't do it or certain guys are not
Speaker 5: able to basically talk and communicate like Michael Jordan's with
Speaker 5: respect is a terrible owner, Like he's not good at
Speaker 5: putting a team together or gym and stuff because he
Speaker 5: was so great, so he can't compute how everybody's not great.
Speaker 5: But Larry Bird is able to get the most out
Speaker 5: of Indiana Pacers all the time. And they might not
Speaker 5: be the most talented players, but Larry Bird was the
Speaker 5: most athletic guy.
Speaker 4: He was just super smart and very skills.
Speaker 5: He's able to understand that and put teams together that
Speaker 5: are not juggernauts, but they're team that you don't well
Speaker 5: can't walk over. It's the same thing, right, like a
Speaker 5: person that has experience plus the knowledge base is always
Speaker 5: going to double up faster. So if I lost that
Speaker 5: million or whatever it is, I can get it back fast.
Speaker 5: But not only do I have the life experience of
Speaker 5: what I went through. So I'm gonna just basically skip
Speaker 5: these hurdles. Right, these mistakes I've made that those are
Speaker 5: out the way. So if I skip these hurdles that
Speaker 5: might have cost me six months in mistakes, that's going
Speaker 5: six months to a million wherever the number is right.
Speaker 5: And that's the power We have to first learn. So
Speaker 5: we're knowledgeable and we're armed. Right, I've armed myself to
Speaker 5: go into battle. I didn't go and I didn't run
Speaker 5: into the battle with nothing in my hands.
Speaker 6: To like, I'm gonna get smarter, and that's I mean,
Speaker 6: that's what we do, right. Nobody teaches us like, especially stocks.
Speaker 6: It's not something that is learned in school. And if
Speaker 6: your parents have never invested in stocks, like, we have
Speaker 6: no armor when we go out.
Speaker 2: So what happens with most of the time most middle
Speaker 2: class people and in our community especially is that people
Speaker 2: are intimidated with things they don't understand, they don't know right,
Speaker 2: So what ends up happening is that if you just
Speaker 2: stay away from it and you say it's over my head,
Speaker 2: I don't want anything to do with it, because, especially
Speaker 2: when it comes to money, people is not gonna invest
Speaker 2: in something or that they don't understand.
Speaker 3: So this is what the podcast is about to fully
Speaker 3: equip you.
Speaker 2: But before we leave, I wanted to talk about a
Speaker 2: couple of different ways where people can invest in stock
Speaker 2: market even if okay, even if you don't want to
Speaker 2: fully dive in and do the research and it may
Speaker 2: not be your forte you can still invest in stock market, right,
Speaker 2: there's other ways to invest.
Speaker 3: So there's like mutual funds.
Speaker 2: Why would allows you to invest in stock market without
Speaker 2: actually investing yourself?
Speaker 3: Right, it is being done for you.
Speaker 2: And a mutual fund is a company like a Franklin,
Speaker 2: Simpleton or Oppenheim, And what they do is they pull
Speaker 2: together let's say one hundred and fifty different stocks and
Speaker 2: one mutual fund, and you pay a fee for that.
Speaker 3: But you're paying a fee because they're doing the work
Speaker 3: for you. Right.
Speaker 2: So it's like a four one K, it's a job
Speaker 2: where nobody really knows the money in a four one
Speaker 2: K where it's invested, it's invested in stock market, but
Speaker 2: nobody knows which stock is actually invested in.
Speaker 4: Right.
Speaker 2: The same thing with a mutual fund kind is like
Speaker 2: you're investing in a mutual fund, like it could be
Speaker 2: a tech fund, but that tech funm I have one
Speaker 2: hundred and fifty different stocks inside of it.
Speaker 4: Right.
Speaker 2: So the benefit with that is that a it allows
Speaker 2: you to invest in a low amount. It's like a
Speaker 2: lot of times, like fifty dollars a month minimum or
Speaker 2: like a thousand dollars a month longth sum. So you're
Speaker 2: investing at a pretty low entry point, and you don't
Speaker 2: have to do the work yourself, like you don't have
Speaker 2: to research.
Speaker 3: You know, it's being done for you.
Speaker 2: And another way to invest is an index fund, right,
Speaker 2: So an indexed fund, you know, attracts an index. So
Speaker 2: we have like the S and P five hundred or
Speaker 2: dal Jones and that's pretty much like a microcosm of
Speaker 2: the stock market. And so instead of you trying to
Speaker 2: pick stocks yourself, you're just investing in a broader stock
Speaker 2: market as a whole. And that's another way where it's
Speaker 2: it's passive, right, because you're not actually doing the work,
Speaker 2: it's just mirroring the actual market. So I say those
Speaker 2: those two ways in particular because we want everybody to
Speaker 2: get involved in investing, and we encourage you to learn
Speaker 2: and to do it yourself if you would like to.
Speaker 2: But if not, that's still not an excuse to not invest,
Speaker 2: because you can still invest in the stock market without
Speaker 2: actually having to pick the stocks or do the work yourself.
Speaker 5: I think the idea really is on a daily basis,
Speaker 5: are you challenging yourself?
Speaker 4: Right? Are you? Today?
Speaker 5: I go to sleep and then I'll wake up tomorrow
Speaker 5: and my better version of myself and all I askts
Speaker 5: of life, right, like forget finance, just aspects of challenging yourself.
Speaker 5: And when you start to challenge yourself, the reward comes
Speaker 5: right slowly, but show you. It's like if I want
Speaker 5: to lose weight. Sometimes I look in the mirror and
Speaker 5: it's like, well, I'm not losing weight, and somebody sees you, going,
Speaker 5: hey man, you losing weight, and it's like I didn't notice,
Speaker 5: because I see myself every day, so I will never
Speaker 5: notice the micro changes in myself.
Speaker 4: But in this kind of forum, the ideas that get
Speaker 4: better every day.
Speaker 5: And the great thing about the stock market, and the
Speaker 5: great thing about all the things you're speaking about, is
Speaker 5: that it's tangible.
Speaker 4: We can feel it, we can read it, we can
Speaker 4: touch it. Right.
Speaker 5: I can go to a Verizon store, I can walk
Speaker 5: into a Nike store. I can tangim, I can feel it.
Speaker 5: If I also can put up an article from the
Speaker 5: Wall Street Journal, or I can donate my money, right,
Speaker 5: I consider a donation.
Speaker 4: Right, So when I say donate money, you have to
Speaker 4: pay for the wallsh Journal.
Speaker 5: But I'm donating to my knowledge, right, I'm donating money
Speaker 5: to my knowledge fund paid for banterers. I'm donating money
Speaker 5: to mine, I'm donating time to my knowledge. I'm investing
Speaker 5: in myself to make myself better because the better I am,
Speaker 5: the more I can do for other people. Right, So
Speaker 5: part of my journey was that I understood when I
Speaker 5: got into the game was the better I do, the
Speaker 5: more I can do for people who don't know, because
Speaker 5: they're gonna trust me because they figure, well, you work
Speaker 5: in this field, so I'm gonna trust you the serain way.
Speaker 5: I go to my dentists and they say, well, you
Speaker 5: need this, and I always tell them you are professional.
Speaker 5: I'm gonna do what I'm told, but I also want
Speaker 5: to learn. Come not trying to just have dental work
Speaker 5: done for no reason. So I'm gonna ask questions as
Speaker 5: to why that's happening, and you can now tell me.
Speaker 4: I'm gonna learn.
Speaker 5: So the same thing premises holds true for this is
Speaker 5: any money or time you're donating to investing yourself. So
Speaker 5: these platforms also cost money. Let's not forget that this
Speaker 5: stuff isn't free. It's not free to be knowledgeable, and
Speaker 5: it's not free to just become an expert in something.
Speaker 5: It takes sweat, equity and time, right, years, months, days,
Speaker 5: whatever you want to do, and it takes a financial investment.
Speaker 5: And I'm gonna waste twenty bucks thirty bucks on stuff
Speaker 5: I don't need, right, No, we could do. We always
Speaker 5: waste money, so we always find a reason. We can
Speaker 5: always find the reason why we should buy something. Oh man,
Speaker 5: them drugs is on sale. You know they there three hundred.
Speaker 5: I put them for one fifty. You found the reason
Speaker 5: didn't need them. The difference between the need and the want.
Speaker 5: Same thing with this. These platforms cost money, well lots
Speaker 5: you journally costs money. Barrens cost money financial terms for
Speaker 5: financial times, excuse me, costs money. The economists costs money
Speaker 5: to subscribe on their yearly basis. This isn't like a chore,
Speaker 5: and if it is, it's not for you, right because
Speaker 5: you got to invest in yourself the same way you
Speaker 5: invest in your clothes and stuff that you might not
Speaker 5: have in five years. Right, you might not have those
Speaker 5: pairs of sneakers in five years, but that knowledgement, the
Speaker 5: article or you got that, you got that for a
Speaker 5: long time.
Speaker 4: Justally quickly.
Speaker 3: The knowledge on the podcast too, which is free.
Speaker 6: I just want to touch because like you said, like
Speaker 6: not having the armor is one thing, and investing yourself
Speaker 6: as far as literature and reading.
Speaker 4: Like in two thousand and seven, Rashad.
Speaker 6: And a good friend about his Jama and my brother
Speaker 6: Gred we started a company called Money Through invest In
Speaker 6: and so you know, we were.
Speaker 4: Into business, right. We didn't have no tools. We were
Speaker 4: just trying to learn on our own. And I subscribed
Speaker 4: to all these magazines.
Speaker 6: I read BusinessWeek and I got this great article and
Speaker 6: it was like, you know, things you should look into,
Speaker 6: So like that was the first thing I did to.
Speaker 4: Look at it. It's like, what are my interests? Right?
Speaker 6: So I saw Apple and this is prior to the
Speaker 6: iPhone that hadn't come out yet. And I saw this
Speaker 6: company called Badu, which was like the Chinese version of Google.
Speaker 4: I'm like, all right, Google's been China this this is
Speaker 4: gonna be next, and then that's on China Mobile. I'm
Speaker 4: not great, I'm gonna invest in these all right, boom.
Speaker 4: So I did it. I was like, the iPhone is going.
Speaker 6: To be huge prior to it being released, and it
Speaker 6: was great the first six months, and then two thousand
Speaker 6: and eight market crash and I got scared and I
Speaker 6: took all money out, but.
Speaker 4: I still watched.
Speaker 6: I'll still watch it for the sideline and I saw
Speaker 6: like companies go up sevenfold and I'm like, oh my gosh.
Speaker 4: And then they did something call to split. You want
Speaker 4: to play what the split is? Well, so stock split?
Speaker 4: Could they either they can do a reverse stock split
Speaker 4: or they can stock split.
Speaker 5: Right, So if you have one share unless say the
Speaker 5: shares one hundred dollars and the companies say we're doing
Speaker 5: a four to one stock split, now you have four
Speaker 5: shares at twenty five dollars, right, and the reverse dosplat
Speaker 5: is like, we're going to make those four shares one
Speaker 5: hundred dollars, right, So you have four twenty five dollars shares.
Speaker 5: Now you have one share of one hundred dollars. Companies
Speaker 5: do it for a multitude of reasons. Whether it is
Speaker 5: to create volume, right because the stock market dealsn't supply
Speaker 5: and demand. Why is the stock call so much, Whether
Speaker 5: there's not a lot of volume where there's not a
Speaker 5: lot of shares that are out there that you can
Speaker 5: obtain so the price goes up the same way that
Speaker 5: if like a sneaker comes out and then it gets
Speaker 5: sold out and it's two hundred dollars at Nike, but
Speaker 5: then you go on stock X and it's five hundred beans.
Speaker 5: You're like, yo, but that's the value because there's only
Speaker 5: so many shoes. Literally knows that, and they're going to
Speaker 5: raise the price. That's the same thing in the stock market.
Speaker 5: Sometimes the companies right will buy back shares of their
Speaker 5: stock to take them off of the market. By buying
Speaker 5: back the shares of their stock and taking them off
Speaker 5: the market, it creates, right, it creates more demand for
Speaker 5: the stock because there's less of supply out there for
Speaker 5: me to get my hands on. So intrinsically, it will
Speaker 5: raise the price to the stock, or hopefully raise the
Speaker 5: price to the stock. Right, and raising the price the
Speaker 5: stock gives it a different profile. If a stock is
Speaker 5: trading at one hundred and fifty dollars a share, it
Speaker 5: has a different profile than the stock that's trading at
Speaker 5: five dollars a share. Right, we're not even discussing the company.
Speaker 5: It's to have looks from the inside from the outside in.
Speaker 5: And so sometimes companies want to go from being Nike
Speaker 5: to Louis Right, or from Louis to Nike right accessibility
Speaker 5: in terms of their demographic the customers will say. Some
Speaker 5: companies might say, hey, we're trading at seven hundred dollars
Speaker 5: a year, and we want to make our stock more
Speaker 5: accessible to people who can afford this range, say from
Speaker 5: one to fifty to two hundred, right, And by doing
Speaker 5: the stock split or buying back these shares or different
Speaker 5: ideas they have, they're acting on what they think is
Speaker 5: best for their company. And again it kind of all
Speaker 5: ties into the ecosystem and everybody's going to do what's
Speaker 5: best for what for them and who makes all decisions CEOs, CFOs,
Speaker 5: coos right, and the perception of the stock on the market.
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