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So I'm let you 0:01:09.160 --> 0:01:13.319 on a secret on the easiest, most productive way to 0:01:13.440 --> 0:01:15.840 start a podcast and get it up and running, and 0:01:15.880 --> 0:01:19.360 that is the app called anchor is free. They have 0:01:19.440 --> 0:01:21.600 all kinds of cool creation tools that allow you to 0:01:21.680 --> 0:01:24.520 record and edit your podcast right from your phone a computer. 0:01:24.959 --> 0:01:27.319 They will distribute your podcast for you to all of 0:01:27.319 --> 0:01:31.520 the major outlets including Spotify, Apple, Google, manymore, and you 0:01:31.520 --> 0:01:34.640 can make money from your podcast with no minimum listenership. 0:01:34.880 --> 0:01:37.760 It's everything you need to make a podcast in one simple, 0:01:37.880 --> 0:01:41.600 easy place. So if you're interested in starting a podcast, 0:01:42.000 --> 0:01:45.959 go download the free Anchor app or go to anchor 0:01:46.160 --> 0:01:48.000 dot fm to get started. 0:01:48.120 --> 0:01:48.640 Let's do it. 0:01:54.160 --> 0:02:00.520 My graduates from my school being force backdrop drop drop 0:02:01.040 --> 0:02:14.040 b drop. This is how I kind of explain stocks 0:02:14.080 --> 0:02:18.240 when I teach it to my students that it's kind 0:02:18.240 --> 0:02:21.680 of like a giant pizza pie, right, with like a 0:02:21.760 --> 0:02:25.640 million different slices, and then each slice represents a share 0:02:25.680 --> 0:02:27.919 of a company, right. And then if you buy one 0:02:27.960 --> 0:02:31.320 slice of Nike, now you're part owner of Nike. 0:02:31.520 --> 0:02:31.720 Right. 0:02:31.919 --> 0:02:34.320 And then obviously the more slices that you buy in 0:02:34.400 --> 0:02:37.160 the pie, you have a larger ownership of that pie. 0:02:37.280 --> 0:02:37.520 Right. 0:02:38.320 --> 0:02:41.200 But all publicly traded companies that's on you know, the 0:02:41.240 --> 0:02:45.760 stock market, anybody can become an owner, and by buying ownership, 0:02:45.800 --> 0:02:49.239 whether it's in Snapchat or Facebook or Google, now you're 0:02:49.240 --> 0:02:51.320 a part owner of that company. And if the company 0:02:51.360 --> 0:02:53.480 does well, then the stock price goes up. If it 0:02:53.520 --> 0:02:55.920 doesn't do well, stock price goes down. And that's kind 0:02:55.919 --> 0:02:58.080 of like a real easy way to understand it. But 0:02:59.000 --> 0:02:59.960 that's kind of my take on it. 0:03:00.120 --> 0:03:02.600 I think that's like the baseline and premise of it. Like, right, 0:03:02.639 --> 0:03:04.960 like we want to own shares, like we know what 0:03:05.080 --> 0:03:08.720 shares are, then we want to delve into Okay. 0:03:08.560 --> 0:03:11.320 What are we owning? Why are we owning? Right? 0:03:11.400 --> 0:03:14.840 We got the have right we can go to different places, 0:03:15.000 --> 0:03:19.720 be it e trade and share, a builder and schwab. 0:03:19.040 --> 0:03:22.320 And can we just talk about that because a lot 0:03:22.360 --> 0:03:25.000 of people might not know. I'm glad you brought that 0:03:25.080 --> 0:03:26.760 up because I get that course to sometlfs too, like 0:03:26.760 --> 0:03:29.720 how do you buy stock? So it's relatively easy to 0:03:29.720 --> 0:03:32.520 do now, right, Like they have apps like Robinhood, like 0:03:32.520 --> 0:03:34.480 you said, scot Trade. 0:03:34.840 --> 0:03:35.840 E Trade stuff like that. 0:03:35.880 --> 0:03:38.119 We you can just go online and create a user name, 0:03:38.160 --> 0:03:40.880 password and you know, the link it to your bank 0:03:40.920 --> 0:03:43.000 account and you can just buy stock. That part is 0:03:43.040 --> 0:03:46.000 relatively easy to do. But the next part is what 0:03:46.080 --> 0:03:47.920 people stumble because the thing that I think people have 0:03:48.040 --> 0:03:50.920 problems stock is that, Okay, they know how to do it. 0:03:51.280 --> 0:03:53.400 But with Stocked, I buy, right, it's kind of like 0:03:54.040 --> 0:03:55.520 just throwing darts at the board blind. 0:03:55.600 --> 0:03:58.760 So what you end up just randomly picking Netflix hoping 0:03:58.800 --> 0:04:01.560 it goes up. Right, you have something interested in, you 0:04:01.600 --> 0:04:03.920 said to us as far as like when looking at stock, 0:04:04.640 --> 0:04:06.680 it's good to mo like what you're interested in? 0:04:07.080 --> 0:04:07.920 Can you just talk about that? 0:04:08.000 --> 0:04:10.440 I think the biggest thing for me to help me 0:04:10.560 --> 0:04:13.920 learn was picking areas of interest because the knowledge sticks. 0:04:14.280 --> 0:04:16.560 Right. We all had classes in school. 0:04:16.240 --> 0:04:18.320 That we didn't like, Like, we didn't like I didn't 0:04:18.360 --> 0:04:21.680 like earth science and related like, it didn't stick even 0:04:21.720 --> 0:04:23.680 though like you know, you passed a class, get a 0:04:23.720 --> 0:04:25.440 B or whatever, you ain't get in the class, right, 0:04:25.480 --> 0:04:28.240 but the information didn't stick with me because it wasn't 0:04:28.240 --> 0:04:29.160 an interesting topic. 0:04:29.200 --> 0:04:31.200 And you, yeah, you kind of want to. 0:04:31.200 --> 0:04:33.880 Get through it in this forum, right, I want to 0:04:33.880 --> 0:04:36.440 pick something that I'm interested in because when I read it, 0:04:36.440 --> 0:04:37.400 I'm going to retain it. 0:04:37.560 --> 0:04:39.400 I'm gonna hold on to it, I'm gonna build on 0:04:39.440 --> 0:04:39.880 top of it. 0:04:39.960 --> 0:04:42.120 So you're kind of an architect, right, I say my 0:04:42.440 --> 0:04:45.080 model for myself every day is that I'm the architect 0:04:45.120 --> 0:04:47.760 of my legacy, right, and every day I'm putting a 0:04:47.839 --> 0:04:51.000 brick down from my legacy because you don't get to 0:04:51.040 --> 0:04:53.440 tell people to say we're not here. So the same 0:04:53.480 --> 0:04:56.040 thing goes forward every other place of life, where it's like, 0:04:56.040 --> 0:04:58.520 all right, I'm the architect of my portfolio, I'm the 0:04:58.600 --> 0:05:01.839 architect of my knowledge base. I'm the architect of whatever 0:05:01.960 --> 0:05:04.320 is I'm doing. I'm building and it's never going to 0:05:04.400 --> 0:05:06.359 be finished. Right, It's like a skyscraper. You're just going 0:05:06.400 --> 0:05:09.400 to keep on building. On top of building, your interest 0:05:09.760 --> 0:05:11.680 is what's going to lead you to adding more bricks, 0:05:11.720 --> 0:05:14.920 Because if you're interested in tech, well, somehow you'll probably 0:05:14.960 --> 0:05:17.719 end up in media, right, And if you're interested in that, 0:05:17.839 --> 0:05:20.279 you might end up in telecom and all so on 0:05:20.320 --> 0:05:22.039 and so forth right, And all of a sudden you 0:05:22.120 --> 0:05:26.040 have this wide knowledge base because you started here, but 0:05:26.120 --> 0:05:28.479 your interests help you build more bricks to kind of 0:05:28.480 --> 0:05:31.640 build your mental skyscraper, if that makes sense. So I 0:05:31.640 --> 0:05:34.159 always said start there because you want to own the 0:05:34.160 --> 0:05:38.280 sexy stuff, right, Facebook, Amazon, Netflix, Google. You want the 0:05:38.279 --> 0:05:41.200 sexy Thing'll go to your friends and say, hey, yeah, 0:05:41.240 --> 0:05:44.919 you know, I own Facebook, own ample, right, and sexy 0:05:44.920 --> 0:05:48.720 everybody wants to own that. But the most important thing 0:05:48.839 --> 0:05:52.040 is starting off with interest so that you can build 0:05:52.080 --> 0:05:54.800 a knowledge base and you can start to build your 0:05:54.839 --> 0:05:58.800 own mental skyscraper that's going to hopefully take you places 0:05:59.560 --> 0:06:02.800 financial and mentally where you're growing in both spaces. 0:06:03.120 --> 0:06:05.760 So that's like like Warren Buffett like his approaches. He 0:06:05.760 --> 0:06:08.719 he invests in companies that he understands. Yes, right, So 0:06:09.960 --> 0:06:12.440 I always tell kids, like once again in the class, 0:06:12.440 --> 0:06:14.800 like Okay, what do you have on your feet? Everybody 0:06:14.920 --> 0:06:17.920 that has Nike Adidas, right, So it's like, Okay, you 0:06:18.000 --> 0:06:21.120 understand the brand because you spend all your money on it, right, 0:06:21.279 --> 0:06:23.320 So it's not like it's not foreign to you. Like 0:06:23.360 --> 0:06:25.880 you don't have to be a rocket scientist to figure out, Okay, 0:06:25.960 --> 0:06:28.160 Kanye just did a deal with a Didas, or Beyonce 0:06:28.320 --> 0:06:30.000 just did a deal with a Didas. Didas is hot 0:06:30.080 --> 0:06:34.279 right now? Or Nike lebron signed he got the shortage 0:06:34.400 --> 0:06:37.479 coming out. So these are things that we understand and 0:06:37.600 --> 0:06:40.279 we don't have to be a stock market analyst to 0:06:40.360 --> 0:06:43.080 know that I'm already investing money in these companies by 0:06:43.120 --> 0:06:46.080 buying why not in the actual company. 0:06:45.839 --> 0:06:47.800 In the sense you're you're making the trending, right, So 0:06:47.839 --> 0:06:50.159 there's a reason why that company went up, whether it 0:06:50.240 --> 0:06:52.920 be like the iPhone, right, he'll raise Apple sotoc or 0:06:53.080 --> 0:06:55.240 if Nike's putting on a new product or Dida's put out. 0:06:55.040 --> 0:06:55.520 On their product. 0:06:55.720 --> 0:06:57.560 We are the trend nakers, you know what I mean. So, 0:06:57.680 --> 0:06:58.920 like that was one of that's one of the key 0:06:58.920 --> 0:07:01.760 things we say. So after we tell them, hey, this 0:07:01.800 --> 0:07:03.520 is what a share is, the next thing is like 0:07:03.680 --> 0:07:07.400 invest in put money in what you already are invested in. 0:07:07.440 --> 0:07:09.400 So if it's Horizon as your phone. 0:07:09.240 --> 0:07:11.040 Company, then maybe you should have stock in that, or 0:07:11.040 --> 0:07:13.640 if it's Sprint or whoever it is, right, invest in yourself. 0:07:13.880 --> 0:07:15.880 Yeah, And that's the biggest thing, right, Like we want 0:07:15.920 --> 0:07:18.360 to understand what we invest in. Like, no one likes 0:07:18.400 --> 0:07:20.880 an investment where you kind of don't understand what's going on, 0:07:21.360 --> 0:07:24.080 and it's kind of like gambling. Now it's not an investment. 0:07:24.080 --> 0:07:26.320 Now you're just gambling. And for all that you can 0:07:26.360 --> 0:07:30.320 go put their money on black and a see hope 0:07:30.320 --> 0:07:33.120 for the best. But we look at these companies. It's 0:07:33.560 --> 0:07:37.120 very key to understand why a company goes up or 0:07:37.120 --> 0:07:40.480 why a company goes down. The stock market is very 0:07:40.480 --> 0:07:43.160 similar to fashion. Right, I'm willing to pay the extra 0:07:43.200 --> 0:07:45.440 twenty dollars for Nike as opposed to undom or why 0:07:45.440 --> 0:07:48.360 because it's Nike is a little bit cooler, right, and 0:07:48.560 --> 0:07:51.280 that's the thing you're paying for. I call it social equity. 0:07:51.720 --> 0:07:55.320 What I have on and when I'm dressed in Nike 0:07:55.400 --> 0:07:57.640 adeeda is I have the Gucci I have on product? 0:07:57.640 --> 0:07:59.960 There's a reason why those items are priced in those spaces. 0:08:00.440 --> 0:08:02.960 They know people are buying, right, and we all know 0:08:03.000 --> 0:08:05.000 it's the same factory that makes them, and it is 0:08:05.040 --> 0:08:06.760 put a tag going on. But you're willing to spend 0:08:06.800 --> 0:08:10.200 one hundred dollars more for this tag, right than the 0:08:10.240 --> 0:08:13.720 other tag because you want the social equity of somebody saying, Okay, 0:08:13.960 --> 0:08:16.720 it looks good. Okay, I see him, and that's what 0:08:16.760 --> 0:08:18.720 you're buying. So you have to also know why this 0:08:18.840 --> 0:08:21.080 company's going up, why it's going down. 0:08:21.120 --> 0:08:24.560 And that goes back to interest, right, it's what equity 0:08:24.640 --> 0:08:25.560 I need to now. 0:08:25.480 --> 0:08:27.840 Read you said that you have to learn how to 0:08:27.880 --> 0:08:30.760 read and know the interest. Okay, you're interested in one thing, 0:08:30.800 --> 0:08:33.400 but now how do you actually examine to see if 0:08:33.400 --> 0:08:34.680 this is actually worth. 0:08:34.440 --> 0:08:34.960 Buying or not? 0:08:35.040 --> 0:08:35.199 Right? 0:08:35.440 --> 0:08:37.760 So you can read, but like what do you read? 0:08:37.840 --> 0:08:38.600 Like what's good? 0:08:38.640 --> 0:08:41.240 How do you know if something is actually worth buying 0:08:41.320 --> 0:08:43.000 or not? Social equity so. 0:08:43.160 --> 0:08:47.520 Social it's kind of a term I coined myself because 0:08:47.520 --> 0:08:49.120 I always look shopping. 0:08:49.440 --> 0:08:53.640 Yeah, that's not sure? Is it something I look at 0:08:53.720 --> 0:08:55.400 go shopping or just in life? Right? 0:08:55.440 --> 0:08:57.200 What kind of car you drive? And what kind of 0:08:57.200 --> 0:08:58.959 house do you live in? What town do you live in? 0:08:59.080 --> 0:09:01.480 What do you have in your house? People are very 0:09:01.600 --> 0:09:04.760 much into the social aspect, right, like social media. You 0:09:04.800 --> 0:09:07.079 don't even really see the highlights. So it's like ESPN 0:09:07.160 --> 0:09:12.400 Top ten over again. Right, No one ever sks the 0:09:12.400 --> 0:09:14.760 grind and the failure and the ups and the downs 0:09:14.760 --> 0:09:16.840 and the ebbs and the flows. Right, we just see 0:09:17.160 --> 0:09:20.400 somebody pop up and they have all this stuff. How'd 0:09:20.400 --> 0:09:20.880 you get it? 0:09:21.040 --> 0:09:21.240 Right? 0:09:21.280 --> 0:09:24.240 But we don't care what the social equity says. I 0:09:24.280 --> 0:09:26.400 want that now, But you don't understand what that person 0:09:26.440 --> 0:09:28.600 went through to get or how they got or they 0:09:28.640 --> 0:09:31.800 could be lying whatever. It is the ideas that people 0:09:31.760 --> 0:09:34.679 want to feel accepted. No one ever wants to be 0:09:35.440 --> 0:09:38.160 the dumbest person in the room. People are okay with 0:09:38.280 --> 0:09:40.120 being the second dumbest person in the room because they said, 0:09:40.120 --> 0:09:42.280 well you dumber, so you know what, Okay, with him 0:09:42.280 --> 0:09:44.600 being dumb. I'm not the numbest person in the room, right, 0:09:44.640 --> 0:09:47.880 but no one ever thinks past that. And so the 0:09:47.920 --> 0:09:50.240 idea is to get people to critically think because a 0:09:50.280 --> 0:09:53.360 lot of things that we do habitually on their day basis, 0:09:53.360 --> 0:09:55.760 these are our habits, right. We don't ask any questions. 0:09:55.760 --> 0:09:58.160 Your mom says, when you grow up, brush teeth in 0:09:58.200 --> 0:10:01.080 the morning, why not the afternoon. We were never not 0:10:01.240 --> 0:10:03.319 programming the question things for a program, just to accept 0:10:03.360 --> 0:10:05.240 them the way they are. That's not that that stock 0:10:05.280 --> 0:10:08.080 market works. A stock could be a goodbye and could 0:10:08.080 --> 0:10:11.920 be going down right for other reasons that have nothing 0:10:11.920 --> 0:10:14.800 to do with why you think it. 0:10:14.760 --> 0:10:16.840 Should go down or why I think it should go down. 0:10:16.960 --> 0:10:19.640 So that's the part that I'm getting at. So what 0:10:20.080 --> 0:10:22.400 could make it? You know, port range? What can make 0:10:22.400 --> 0:10:24.000 a stock go up? What can make a stock go down? 0:10:24.120 --> 0:10:27.720 Other than what's obvious to the naked. 0:10:27.400 --> 0:10:29.560 Eye, right, something like that. 0:10:29.679 --> 0:10:31.920 No, it's just perception, Like think about the market, right, 0:10:32.000 --> 0:10:35.520 This all for GAZI Right, So as a CEO will 0:10:35.559 --> 0:10:39.800 get certain bonuses if a stock has certain peaks, right 0:10:39.840 --> 0:10:42.880 this Okay, you're the CEO of ABC company and they'll 0:10:42.880 --> 0:10:45.240 say you listen if you can get the shares up 0:10:45.240 --> 0:10:48.120 to thirty dollars a share and hold it around this 0:10:48.320 --> 0:10:51.240 range for four months, we'll give you ten million dollars 0:10:51.480 --> 0:10:53.880 and then so on and so forth with getting the 0:10:53.920 --> 0:10:56.680 share price up. But it's all kind of like a figazi, 0:10:56.720 --> 0:10:57.760 why is it that price? 0:10:57.840 --> 0:10:59.200 Why is up? WHI is it down? Right? 0:10:59.280 --> 0:11:02.480 Forgets supply and demanding volume. A lot of it's just 0:11:02.520 --> 0:11:05.320 perception of the market. It's what the market perceives, what 0:11:05.400 --> 0:11:10.080 big money perceives, what somebody thinks right, we get information. Now, 0:11:10.120 --> 0:11:13.360 if you own three shares at Apple and you like 0:11:13.920 --> 0:11:17.320 their third quarter earnings call, he owns one hundred million 0:11:17.360 --> 0:11:19.280 dollars Apple and he hates it. Who has more effect 0:11:19.320 --> 0:11:23.000 on how the stock goes? He does because he has 0:11:23.080 --> 0:11:25.520 more equity in the stock, so he has more say 0:11:25.600 --> 0:11:28.040 so in terms of how it moves. Even though you 0:11:28.120 --> 0:11:29.960 might be right with your three shares, he might be 0:11:29.960 --> 0:11:30.840 wrong in his perception. 0:11:31.360 --> 0:11:33.120 Right. So all this stuff is perception based. 0:11:33.120 --> 0:11:36.760 And that's why the sweat equity of actually reading and 0:11:36.800 --> 0:11:40.720 engulfing yourself in the subject matter of interest is going 0:11:40.800 --> 0:11:44.760 to help you understand the company. And if you understand Apple, 0:11:45.160 --> 0:11:47.160 it's going to be easy to understand Google. It's going 0:11:47.200 --> 0:11:49.600 to be easier to understand Amazon, It's going to be 0:11:49.600 --> 0:11:53.320 easier to understand any other kind of tech brand because 0:11:53.720 --> 0:11:56.760 the model of how they distribute their products, their ideas, 0:11:56.760 --> 0:11:59.480 and their messages. They're not like the same saying, but 0:11:59.520 --> 0:12:01.959 they're similar similar, and it's going to help you pick 0:12:02.040 --> 0:12:07.280 up on ideas. Facebook used and tactic called a little bighorn, right, 0:12:07.400 --> 0:12:10.520 And they went into Texas. They went to the University 0:12:10.559 --> 0:12:13.720 of Texas and said, hey, we want to give y'alls Facebook. 0:12:14.240 --> 0:12:17.640 The University of Texas said, now, we're University of Texas. 0:12:17.640 --> 0:12:18.319 We're good. 0:12:18.679 --> 0:12:22.640 So they went to Texas A and M Texas State. 0:12:23.200 --> 0:12:26.320 I smu every school in Texas around and gave them Facebook, 0:12:26.360 --> 0:12:28.440 to the point where students at Texas said, Yo, why 0:12:28.559 --> 0:12:31.079 we have Facebook? And the Texas was forced to do 0:12:31.120 --> 0:12:34.560 business with Facebook. That happens in business all the time, right, 0:12:34.600 --> 0:12:37.320 It's something we don't pay attention to. But these triggers 0:12:37.320 --> 0:12:40.400 and levers that happened. You'll start to notice as you read. 0:12:40.520 --> 0:12:42.800 And I said, you build the brick, right, you're building. 0:12:42.920 --> 0:12:44.520 When you get to the second floor, you go, I 0:12:44.520 --> 0:12:46.480 get that. Now I can now read the tea leaves. 0:12:46.480 --> 0:12:49.400 I've seen this coming, right, I see what possibly can happen. 0:12:49.760 --> 0:12:52.400 I don't know what's going to happen, but I can 0:12:52.440 --> 0:12:54.920 have an idea based on how well I know it. 0:12:55.120 --> 0:12:57.160 You play ball, If I come down, I go in 0:12:57.240 --> 0:12:59.600 and out. I'm either going to cross or I'm going 0:12:59.679 --> 0:13:01.520 to go straight. So as a defender, you know what 0:13:01.559 --> 0:13:03.200 I'm going to do, or have an idea so you 0:13:03.200 --> 0:13:04.040 can react. 0:13:03.720 --> 0:13:06.400 A little faster. Right, it's the same thing that we 0:13:06.559 --> 0:13:07.079 use every day. 0:13:07.080 --> 0:13:09.240 I'm going to go backward just a little bit because 0:13:09.240 --> 0:13:11.959 you said reading and that's important. On the last episode, 0:13:11.960 --> 0:13:14.079 on episode fourteen, we talked about the importance of reading 0:13:14.120 --> 0:13:16.319 and a lot of times we get discounted because we're 0:13:16.360 --> 0:13:20.200 not reading The Catcher and a Rye. Right, what publications 0:13:20.200 --> 0:13:22.240 should we be reading if we're trying to invest in 0:13:22.280 --> 0:13:22.960 the South market? 0:13:23.160 --> 0:13:25.640 I think the Wall Street Journal is good to read. 0:13:26.880 --> 0:13:28.880 Barns is a little bit of advanced, but Barons is 0:13:28.880 --> 0:13:32.840 a good place to start to read. I think Financial 0:13:32.880 --> 0:13:35.880 Time is a good place to read. I think the Economists, 0:13:35.920 --> 0:13:39.280 even though it's not solely financed dock base, it gives 0:13:39.320 --> 0:13:43.000 you a premise of outside the scope of how we 0:13:43.040 --> 0:13:45.000 think because We think domestically, right, we think about what 0:13:45.040 --> 0:13:48.600 affects America and when you're dealing with stocks and companies, 0:13:48.640 --> 0:13:51.560 these are global companies, right, So how does Europe affect 0:13:51.600 --> 0:13:52.040 this company? 0:13:52.040 --> 0:13:54.800 How does China affect this company? How does India affect 0:13:54.840 --> 0:13:56.520 this company? We don't think like that. 0:13:56.600 --> 0:13:59.600 We think, Okay, well you have a Horizon service, so 0:13:59.640 --> 0:14:02.240 you figure I'm gonna invest my money in Verizon, right, 0:14:02.320 --> 0:14:06.080 because but Verizon's a global brand. So what's going on 0:14:06.120 --> 0:14:09.360 in Australia? What's going on here? We look at the 0:14:09.400 --> 0:14:14.120 country like India. They have a billion people, right, how 0:14:14.120 --> 0:14:15.560 many people in an India do you think have a 0:14:15.600 --> 0:14:16.040 cell phone? 0:14:17.240 --> 0:14:22.440 I'm gonna say fifty million? Yeah, something small number, ten million, 0:14:23.080 --> 0:14:25.560 one hundred, like eight million, hundred and nine million people. 0:14:25.760 --> 0:14:26.360 I have a billion. 0:14:27.080 --> 0:14:31.040 So it's an arms race between Walmart and Apple. The 0:14:31.040 --> 0:14:33.720 boyst country gets to India because they're building the middle class. 0:14:33.800 --> 0:14:35.360 Right that The same thing was happening in China. 0:14:35.520 --> 0:14:38.280 Imber we spoke up off again about China Moverien and 0:14:38.320 --> 0:14:40.600 it was like they're trying to build so much infrastructure 0:14:40.640 --> 0:14:43.320 because they would they almost have two billion people, right, But. 0:14:43.280 --> 0:14:45.080 It's a race to the middle class. Right. 0:14:45.160 --> 0:14:47.520 And but when you look at the company on a 0:14:47.640 --> 0:14:49.480 broad scale, and I look at it like a company 0:14:49.480 --> 0:14:51.680 and I have like Netflix, and I said, okay, do 0:14:51.840 --> 0:14:52.320 really well. 0:14:52.400 --> 0:14:53.520 They have a lot of subcribirds. 0:14:53.560 --> 0:14:56.560 We understand how it works, but they haven't really touched 0:14:56.600 --> 0:14:57.640 Europe or other country. 0:14:57.840 --> 0:15:01.400 So there's growth there that we get you interested. 0:15:01.200 --> 0:15:03.320 Right, And those are the kind of things when you 0:15:03.360 --> 0:15:06.640 start to read about companies, you go count interested now 0:15:06.800 --> 0:15:08.840 now mentioned because I know if they're doing well here, 0:15:09.040 --> 0:15:12.560 there's an opportunity here, right. All we want in life 0:15:12.760 --> 0:15:14.920 is options, the same thing everywhere else. 0:15:15.000 --> 0:15:17.920 Right. I want the option to go out to eat. 0:15:17.960 --> 0:15:19.720 I want to have options, but I want to eat 0:15:19.760 --> 0:15:21.720 here here here, I want to have that option or 0:15:21.720 --> 0:15:22.360 I want to option. 0:15:22.440 --> 0:15:24.000 What kind of call on jobs I want to out eat? 0:15:24.000 --> 0:15:25.760 Do I want to bend? Do I want? Right? I 0:15:25.920 --> 0:15:28.200 want that option. If we work for we work to 0:15:28.280 --> 0:15:29.600 have options. Right. 0:15:29.640 --> 0:15:31.600 So the same thing in the market is that understand 0:15:31.680 --> 0:15:35.320 these companies now pull levers and the more you understand 0:15:35.360 --> 0:15:38.560 what you're digesting and investing in, the more options you'll have. 0:15:38.920 --> 0:15:40.240 Now, it's a slow reward. 0:15:40.720 --> 0:15:43.120 This thing is in a I'm going to put money 0:15:43.120 --> 0:15:46.320 in on Monday and be rich on Wednesday. This is 0:15:46.680 --> 0:15:50.000 a character choice when you're talking about starting from scratch, 0:15:50.440 --> 0:15:53.360 right in terms of a BILLITINGR portfolio. So now you 0:15:53.440 --> 0:15:55.400 might not see the siege of labor, right. It might 0:15:55.440 --> 0:15:58.000 go to your kids but right, Or it might be 0:15:58.120 --> 0:16:00.760 something that is a passion project and you can only 0:16:00.800 --> 0:16:03.160 fund so much. We'll be realistic, like everybody doesn't have 0:16:03.400 --> 0:16:05.840 one hundred thousand throwing to the market or a million. 0:16:06.520 --> 0:16:09.320 You start winning thousand here, one thousand and there. So 0:16:09.360 --> 0:16:11.120 you have to be patient with it and be patient 0:16:11.120 --> 0:16:13.160 with your own growth, the same way that we're patient 0:16:13.200 --> 0:16:14.920 in life with different things. 0:16:14.760 --> 0:16:16.960 That's gonna lead us into a very interesting yeah. 0:16:17.000 --> 0:16:18.960 All right, So yeah, so now you got the you know, 0:16:19.160 --> 0:16:19.960 the groundwork. 0:16:20.120 --> 0:16:22.120 That was a lot we're going Now we're gonna go 0:16:22.160 --> 0:16:24.120 into the hot topics of the day. 0:16:24.840 --> 0:16:25.280 All right. 0:16:25.400 --> 0:16:27.520 So now we're going to go into some hot topics 0:16:27.560 --> 0:16:30.680 because everybody's been talking about the stock market recently for 0:16:30.720 --> 0:16:32.520 a couple of different companies. 0:16:32.920 --> 0:16:35.000 Lifting Google specifically, a couple others. 0:16:35.360 --> 0:16:38.720 Pinterest is another one, Pinterest, But everybody's interested in lifting Google. 0:16:38.720 --> 0:16:43.160 They just well lift ipo and Uber is about the 0:16:43.200 --> 0:16:47.160 i po. Right, So everybody's been hitting us up, like, 0:16:47.400 --> 0:16:48.920 can you talk about Lyft? Can you talk about what 0:16:49.000 --> 0:16:50.440 with OPO? Should we buych you? 0:16:50.400 --> 0:16:50.760 You're not so. 0:16:50.880 --> 0:16:52.600 First of all, we're not here to give you stock advice. 0:16:53.000 --> 0:16:56.040 We're just here to give you information. And then from 0:16:56.080 --> 0:16:58.560 the information you can you know, do whatever you want. Right, 0:16:58.960 --> 0:17:02.960 So cut all right? The first question is that IPO. Right, 0:17:05.119 --> 0:17:07.159 A lot of people will hit this term, but they're not. 0:17:07.359 --> 0:17:09.520 They don't fully even understand what's. 0:17:09.480 --> 0:17:10.920 Happening itself, gotcha. 0:17:11.040 --> 0:17:13.440 So it's an initial public offering a lot of times 0:17:13.520 --> 0:17:16.800 we see the evaluation for a company and like, is 0:17:16.800 --> 0:17:19.119 that how the product they get? The numbers hold evaluation 0:17:19.320 --> 0:17:22.160 and come from a multiue of things. 0:17:22.200 --> 0:17:22.840 The valuation. 0:17:23.359 --> 0:17:25.119 You can look at a company and think that the 0:17:25.160 --> 0:17:27.359 company's worth thirty billion. You can look at a company 0:17:27.359 --> 0:17:28.720 and thinks the company's worth ten billion. 0:17:28.760 --> 0:17:28.879 Right. 0:17:28.920 --> 0:17:33.119 Everybody has a different metrics on what they value stuff. 0:17:33.119 --> 0:17:37.040 And again the evaluation is from without looking inside, right, 0:17:37.080 --> 0:17:40.320 This is just on the outside of your house, like 0:17:40.400 --> 0:17:43.720 the appraisal, right, So it's appraising you. So the evaluation 0:17:43.840 --> 0:17:45.280 could be correct, could not be? 0:17:45.280 --> 0:17:47.359 Because I was gonna say, because right now, Uber is 0:17:47.800 --> 0:17:51.119 possibly they look at a hundred billion. 0:17:51.880 --> 0:17:54.200 Somewhere in the realm, they're gonna come up with the 0:17:54.240 --> 0:17:55.800 high value might be one of the higher ones, right. 0:17:55.800 --> 0:17:58.000 Hundred let's say one hundred billion dollar valuation. That's what 0:17:58.000 --> 0:18:01.760 they're looking at. And they've never made a proper so 0:18:02.040 --> 0:18:04.479 that's another thing, right lift, it's never made a profit. 0:18:04.800 --> 0:18:08.720 So that part of it is like basically, once you 0:18:08.800 --> 0:18:11.879