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Hiring Indeed is 16 00:00:57,440 --> 00:00:58,040 Speaker 1: all you need. 17 00:00:58,680 --> 00:01:01,640 Speaker 2: COVID cases are spiking and this is going to be 18 00:01:01,640 --> 00:01:05,399 Speaker 2: a little repeat of twenty twenty, and I need you 19 00:01:05,440 --> 00:01:07,760 Speaker 2: to get prepared. So for those of you that are 20 00:01:07,800 --> 00:01:11,759 Speaker 2: conspiracy theorists, they listen to Alex Jones all day. Sorry. 21 00:01:12,319 --> 00:01:15,080 Speaker 2: Almost four hundred thousand people have died. This thing is 22 00:01:15,120 --> 00:01:17,679 Speaker 2: real and it's getting worse now. This is the scary part. 23 00:01:17,959 --> 00:01:21,680 Speaker 2: The second version or the second iteration of COVID spreads 24 00:01:21,920 --> 00:01:25,759 Speaker 2: faster than the original. So I want you to write 25 00:01:25,800 --> 00:01:29,000 Speaker 2: these golden rules down because we are in a new normal. 26 00:01:30,040 --> 00:01:32,080 Speaker 2: We will never go back to the old model. So 27 00:01:32,120 --> 00:01:34,200 Speaker 2: for those of you who are in the workforce before 28 00:01:34,240 --> 00:01:37,039 Speaker 2: two thousand and seven, when the Great Recession hit, it 29 00:01:37,200 --> 00:01:40,600 Speaker 2: changed how business was done forever. I remember even going 30 00:01:40,640 --> 00:01:42,280 Speaker 2: to college in two thousand and it was like, man, 31 00:01:42,280 --> 00:01:44,920 Speaker 2: if you graduate, you're guarantee the job. And then the 32 00:01:44,959 --> 00:01:50,560 Speaker 2: Great Recession hit and that got wiped away. Twenty twenty 33 00:01:50,720 --> 00:01:54,160 Speaker 2: is come and we'll talk about it later. The era 34 00:01:54,240 --> 00:01:57,160 Speaker 2: that we're entering in now so before is the information age. 35 00:01:57,160 --> 00:02:00,760 Speaker 2: Where we are in a new age now. But here's 36 00:02:00,800 --> 00:02:02,400 Speaker 2: the thing that I want you to do. If you 37 00:02:02,480 --> 00:02:06,240 Speaker 2: are working, please write this down right now. For every 38 00:02:06,320 --> 00:02:09,440 Speaker 2: dollar that your company pays you, you need to know 39 00:02:09,880 --> 00:02:13,200 Speaker 2: how much of a return you are giving them, because 40 00:02:13,200 --> 00:02:15,080 Speaker 2: it's the only thing that it's going to give you 41 00:02:15,120 --> 00:02:17,760 Speaker 2: any security with that company or when it's time to 42 00:02:17,800 --> 00:02:22,000 Speaker 2: apply for another job. Secondarily, I want to focus on this. 43 00:02:23,200 --> 00:02:26,600 Speaker 2: You have to break up your time into quadrants of 44 00:02:26,639 --> 00:02:28,760 Speaker 2: four and you have to have a time for work 45 00:02:28,800 --> 00:02:31,920 Speaker 2: a time for play. I'll tell you like this, never 46 00:02:31,960 --> 00:02:34,000 Speaker 2: have I been to the funeral and once thought about 47 00:02:34,000 --> 00:02:37,799 Speaker 2: business when I was there. And companies will not care 48 00:02:37,840 --> 00:02:40,120 Speaker 2: about you as much. And everyone has seen the meme. 49 00:02:40,120 --> 00:02:44,000 Speaker 2: If you die today tomorrow you know your job will 50 00:02:44,040 --> 00:02:45,800 Speaker 2: be on a job board. And that is very true. 51 00:02:46,200 --> 00:02:48,920 Speaker 2: So as we enter this new normal and things are 52 00:02:48,960 --> 00:02:51,000 Speaker 2: not going back to how they were before, I want 53 00:02:51,040 --> 00:02:53,800 Speaker 2: you to pick your own balance for how things are 54 00:02:53,800 --> 00:02:55,960 Speaker 2: going to be governed and then in this era for 55 00:02:56,040 --> 00:02:59,520 Speaker 2: you and your family. One of the biggest trading lessons 56 00:02:59,520 --> 00:03:01,280 Speaker 2: of the week. So all my traders, get your pans out, 57 00:03:01,480 --> 00:03:04,560 Speaker 2: We'll get your phone out and screenshot this. Once you 58 00:03:04,600 --> 00:03:06,960 Speaker 2: have a major loss, you have to cut your losses 59 00:03:06,960 --> 00:03:10,000 Speaker 2: and stop. So number one, I want you to take 60 00:03:10,040 --> 00:03:13,640 Speaker 2: a break for a week, and after two days, I 61 00:03:13,680 --> 00:03:15,280 Speaker 2: need you to look at the recording and see what 62 00:03:15,320 --> 00:03:18,280 Speaker 2: went wrong. So if you go through the book Market Wizards, 63 00:03:18,280 --> 00:03:21,919 Speaker 2: which is probably my favorite book on trading, one of 64 00:03:21,960 --> 00:03:23,800 Speaker 2: the biggest things that people talk about is when they 65 00:03:23,840 --> 00:03:26,000 Speaker 2: have a big loss, you almost feel like you're in 66 00:03:26,000 --> 00:03:28,480 Speaker 2: a tornado and you don't know what happened and emotions 67 00:03:28,560 --> 00:03:32,160 Speaker 2: kick in. But like a player would postgame, you need 68 00:03:32,200 --> 00:03:34,160 Speaker 2: to go through and look at the footage to see 69 00:03:34,160 --> 00:03:36,760 Speaker 2: what went wrong, what happened wrong on what you can 70 00:03:36,800 --> 00:03:40,320 Speaker 2: do differently so that does not happen again. And number one, 71 00:03:40,440 --> 00:03:44,440 Speaker 2: Number two, if you are a trader and you are 72 00:03:44,440 --> 00:03:47,400 Speaker 2: winning less than fifty percent of your trades, please write 73 00:03:47,440 --> 00:03:50,160 Speaker 2: this risk to reward ratio down. I want you to 74 00:03:50,240 --> 00:03:55,040 Speaker 2: risk one to make twenty two. Please type in chat 75 00:03:55,080 --> 00:03:57,600 Speaker 2: what percentage do you need to be at in order 76 00:03:57,640 --> 00:03:59,920 Speaker 2: to be profitable? If that is your risk of reward. Now, 77 00:04:00,160 --> 00:04:02,360 Speaker 2: not all products are going to allow you to do that, 78 00:04:02,960 --> 00:04:05,960 Speaker 2: but now as that dal Russell on the future side 79 00:04:06,000 --> 00:04:08,120 Speaker 2: will allow you to do so, you need to risk 80 00:04:08,200 --> 00:04:10,280 Speaker 2: one to make twenty two. So even if you are 81 00:04:10,320 --> 00:04:13,360 Speaker 2: a bad trader from a stat's perspective, you still need 82 00:04:13,400 --> 00:04:14,960 Speaker 2: to be able to make money and know what the 83 00:04:14,960 --> 00:04:19,600 Speaker 2: probability is of your trading. I don't know, some of 84 00:04:19,600 --> 00:04:21,960 Speaker 2: you are gonna kill me, but look, if UFOs are real, 85 00:04:22,760 --> 00:04:26,120 Speaker 2: then a space exploration will be the next frontier. So 86 00:04:26,440 --> 00:04:28,240 Speaker 2: a couple of weeks ago, on ig I was posting 87 00:04:28,240 --> 00:04:33,560 Speaker 2: all these conspiracy videos about UFOs, right and then behind 88 00:04:33,560 --> 00:04:35,520 Speaker 2: the scenes you can see there are a couple of 89 00:04:35,560 --> 00:04:39,919 Speaker 2: tickers up here. Go look at the ticker UFO, the 90 00:04:39,960 --> 00:04:43,719 Speaker 2: ticker are okay t Rocket. And then of course the 91 00:04:43,760 --> 00:04:47,360 Speaker 2: amazing Kathy Woods has her own which is going to 92 00:04:47,400 --> 00:04:49,760 Speaker 2: focus on space expiration. I think over the next ten 93 00:04:49,839 --> 00:04:53,440 Speaker 2: years there'll be some incredible revelations. But of course Amazon 94 00:04:53,480 --> 00:04:57,880 Speaker 2: and Tesla are already there. Whenever SpaceX goes public, I'm 95 00:04:57,920 --> 00:04:59,880 Speaker 2: gonna be biased towards them because Elon is a great 96 00:05:01,200 --> 00:05:06,320 Speaker 2: But look at these two ticker symbols. Tonight question for you, 97 00:05:07,080 --> 00:05:09,000 Speaker 2: I need you to write this in chat. Have you 98 00:05:09,040 --> 00:05:12,600 Speaker 2: made more money from long term holding or from trading? 99 00:05:12,920 --> 00:05:15,920 Speaker 2: Kirk put up a great comment last week. I was 100 00:05:15,960 --> 00:05:18,240 Speaker 2: told by my uncle, an investor worth a high eight figures, 101 00:05:18,279 --> 00:05:21,080 Speaker 2: what to do with my money. Only buy grown companies 102 00:05:21,160 --> 00:05:24,920 Speaker 2: and hold them. Do not trade. You will regret doing that. Now. 103 00:05:25,400 --> 00:05:28,279 Speaker 2: Twenty percent of people that begin trading stick around for 104 00:05:28,320 --> 00:05:30,640 Speaker 2: more than a year. Out of that twenty only ten 105 00:05:30,680 --> 00:05:34,240 Speaker 2: percent stay around for five years. Here's a great thing, though, 106 00:05:34,279 --> 00:05:37,160 Speaker 2: Even if you never learn how to trade, keep your 107 00:05:37,400 --> 00:05:39,400 Speaker 2: money in the market for a long enough period. A 108 00:05:39,480 --> 00:05:42,080 Speaker 2: ten year old is ideal. You'll beat most people that 109 00:05:42,120 --> 00:05:45,200 Speaker 2: are actually trading, because most traders blow up their account 110 00:05:45,520 --> 00:05:48,800 Speaker 2: and give all their money back. So I know there's 111 00:05:48,839 --> 00:05:51,080 Speaker 2: a lot of other things that are sexy, but the 112 00:05:51,120 --> 00:05:54,680 Speaker 2: tried and true formula here is to hold for ten years, 113 00:05:55,120 --> 00:05:57,000 Speaker 2: and if you can hold for thirty that would be 114 00:05:57,040 --> 00:06:03,280 Speaker 2: absolutely incredible in terms of selectivity in terms of your allocation. 115 00:06:05,279 --> 00:06:08,360 Speaker 2: For every twenty investments you see, you have to say 116 00:06:08,400 --> 00:06:11,360 Speaker 2: no to nineteen of them. So for weeks we've talked 117 00:06:11,360 --> 00:06:14,280 Speaker 2: about fundamentally what I look at when I assess the company, 118 00:06:14,320 --> 00:06:17,560 Speaker 2: and we'll talk about another one tonight. But when I'm 119 00:06:17,600 --> 00:06:20,640 Speaker 2: going through and comparing companies to the primary ones that 120 00:06:20,680 --> 00:06:23,919 Speaker 2: I like, they have to trump the ones that I 121 00:06:24,120 --> 00:06:26,719 Speaker 2: have already, and if they don't, you have to let 122 00:06:26,800 --> 00:06:30,680 Speaker 2: it go. Sometimes because of the amount of media we're 123 00:06:30,680 --> 00:06:32,800 Speaker 2: taking in, we're like, hey, let me just jump in 124 00:06:32,800 --> 00:06:35,760 Speaker 2: this one and let's see how it pans out. But 125 00:06:35,800 --> 00:06:38,080 Speaker 2: remember the number of shares that we own is more 126 00:06:38,080 --> 00:06:41,960 Speaker 2: important than the price we particularly got in, and we 127 00:06:42,000 --> 00:06:45,960 Speaker 2: want to focus on a few concentrated quality companies opposed 128 00:06:45,960 --> 00:06:51,680 Speaker 2: to having thirty five in a portfolio trading lesson number three. 129 00:06:52,080 --> 00:06:56,640 Speaker 2: And for traders, our point of reflection and insights usually 130 00:06:56,680 --> 00:06:59,320 Speaker 2: happen on the days that we have off, So the 131 00:06:59,360 --> 00:07:00,960 Speaker 2: future is mark. It was open for a half a day. 132 00:07:01,000 --> 00:07:03,960 Speaker 2: The volume wasn't that high. But the secret is cutting 133 00:07:03,960 --> 00:07:05,480 Speaker 2: down the number of trades you take for the year, 134 00:07:06,880 --> 00:07:09,880 Speaker 2: so you can follow this simple matrix. First quarter, want 135 00:07:09,920 --> 00:07:13,120 Speaker 2: you to take twelve. Second quarter, I want you to 136 00:07:13,160 --> 00:07:19,520 Speaker 2: take twelve trades. Third quarter, twelve, fourth quarter. You already 137 00:07:19,560 --> 00:07:21,640 Speaker 2: have an assessment for how the year went. Either we're 138 00:07:21,680 --> 00:07:25,040 Speaker 2: super bulish, super barish, or we were ranging fourth quarter. 139 00:07:25,040 --> 00:07:27,840 Speaker 2: You can double the amount of trades and do twenty four. 140 00:07:28,280 --> 00:07:32,520 Speaker 2: But too many people trade like they're gambling in Vegas, 141 00:07:32,920 --> 00:07:36,200 Speaker 2: opposed to running it like a business. You want to 142 00:07:36,240 --> 00:07:39,360 Speaker 2: treat tradeing like a business year in and year out. 143 00:07:39,400 --> 00:07:45,520 Speaker 2: Please put trade like it's a business in chat. The 144 00:07:45,560 --> 00:07:47,720 Speaker 2: top ten apps to twenty twenty, now look at these. 145 00:07:47,840 --> 00:07:51,000 Speaker 2: Zoom number one, which we're on now, and they're gradually improving. 146 00:07:51,440 --> 00:07:55,720 Speaker 2: TikTok right, Third is Disney Plus, fourth is YouTube owned 147 00:07:55,720 --> 00:07:59,840 Speaker 2: by Google. Then Instagram and Facebook. But the thing I 148 00:08:00,080 --> 00:08:03,880 Speaker 2: want you to notice how Instagram and Facebook are falling 149 00:08:03,880 --> 00:08:07,040 Speaker 2: out of favor. Josh last week talked about how Facebook 150 00:08:07,120 --> 00:08:09,720 Speaker 2: is a communication company and also for those of you 151 00:08:09,760 --> 00:08:13,440 Speaker 2: that are insiders on in the industry, you know that 152 00:08:13,560 --> 00:08:16,320 Speaker 2: Zuckerberg is not the most favorable CEO for whatever reason. 153 00:08:16,880 --> 00:08:19,160 Speaker 2: I don't know if because he blew off Wall Street 154 00:08:19,160 --> 00:08:22,320 Speaker 2: week they haven't liked him since then. He isn't the 155 00:08:22,400 --> 00:08:27,400 Speaker 2: darling entrepreneur and CEO that some of his peers are 156 00:08:27,440 --> 00:08:31,920 Speaker 2: held out to be. So Facebook is sliding down Snapchat, 157 00:08:32,120 --> 00:08:34,400 Speaker 2: even though it's lost popularity, it still was downloaded or 158 00:08:34,440 --> 00:08:38,959 Speaker 2: not a lot messengers underneath Snapchat once again a Facebook product. 159 00:08:39,200 --> 00:08:42,600 Speaker 2: It's towards the end of the chain. Gmail. And then 160 00:08:42,640 --> 00:08:44,760 Speaker 2: of course cash App, owned by Square. Square is an 161 00:08:44,760 --> 00:08:47,199 Speaker 2: amazing company. So these are the top ten. But when 162 00:08:47,240 --> 00:08:49,959 Speaker 2: you see these kind of lists, pay attention to who 163 00:08:50,000 --> 00:08:53,240 Speaker 2: is up top and who is sliding down. And if 164 00:08:53,240 --> 00:08:56,400 Speaker 2: you compare twenty twenty to twenty nineteen and go through 165 00:08:56,400 --> 00:08:59,760 Speaker 2: twenty seventeen and twenty sixteen, you will see that there's 166 00:08:59,760 --> 00:09:01,720 Speaker 2: a great gradual change to the downside. And then of 167 00:09:01,760 --> 00:09:05,880 Speaker 2: course TikTok came out of nowhere and crushed the market. 168 00:09:06,240 --> 00:09:09,559 Speaker 2: And I posted this earlier, but I need to have 169 00:09:09,600 --> 00:09:11,800 Speaker 2: a very honest conversation with you about For those of 170 00:09:11,840 --> 00:09:14,680 Speaker 2: you that are trading. If you're not studying every day, 171 00:09:14,920 --> 00:09:18,559 Speaker 2: it's only because deep down you don't want to win. 172 00:09:19,280 --> 00:09:22,559 Speaker 2: And if you're overtrading, it's because you don't want to win, 173 00:09:22,640 --> 00:09:25,880 Speaker 2: because you are self sabotaging. I'll tell you like this, 174 00:09:26,160 --> 00:09:29,800 Speaker 2: if you truly, truly love trading, the act up. And 175 00:09:29,800 --> 00:09:32,160 Speaker 2: we have some athletes on here, like the guys that 176 00:09:32,200 --> 00:09:33,719 Speaker 2: you have to beat into the gym. They don't want 177 00:09:33,760 --> 00:09:37,640 Speaker 2: to play ball. And it's okay, you don't have to trade. 178 00:09:37,679 --> 00:09:40,120 Speaker 2: You can make way more money doing something else. I 179 00:09:40,160 --> 00:09:42,280 Speaker 2: want you to follow what your passion. I know trading 180 00:09:42,360 --> 00:09:44,600 Speaker 2: right now sexy as hell, and it's in vogue and 181 00:09:44,640 --> 00:09:46,800 Speaker 2: I can't wait till it goes not to being sexy 182 00:09:46,800 --> 00:09:49,120 Speaker 2: anymore how it used to be three or four years ago. 183 00:09:49,520 --> 00:09:52,120 Speaker 2: But when you want it, you will lust after the 184 00:09:52,160 --> 00:09:55,560 Speaker 2: work that comes with it in order to win. So 185 00:09:55,720 --> 00:09:59,440 Speaker 2: if you are not studying every day, or you feel 186 00:09:59,440 --> 00:10:02,320 Speaker 2: like it's a or that you hate, I want you 187 00:10:02,400 --> 00:10:04,760 Speaker 2: to make the decision either to walk away and be 188 00:10:04,800 --> 00:10:07,400 Speaker 2: a long term investor or go all in. But I 189 00:10:07,400 --> 00:10:08,880 Speaker 2: want you to put in chat. Are you going to 190 00:10:08,920 --> 00:10:13,000 Speaker 2: go all in or long term invest And like I 191 00:10:13,040 --> 00:10:15,920 Speaker 2: said before, even if you just long term invest you're 192 00:10:15,920 --> 00:10:18,720 Speaker 2: going to do better than most people who solely trade. 193 00:10:19,920 --> 00:10:22,679 Speaker 2: Last week, Josh talked to us about why pee ratio 194 00:10:22,760 --> 00:10:25,000 Speaker 2: doesn't matter as much, and I want to take you 195 00:10:25,040 --> 00:10:28,360 Speaker 2: down a quick trip down memory lane. So in two 196 00:10:28,400 --> 00:10:30,800 Speaker 2: thousand and eight, because it's same. So when you guys 197 00:10:30,840 --> 00:10:33,600 Speaker 2: are like, hey, Apple's going to fall apart, this story 198 00:10:33,600 --> 00:10:37,080 Speaker 2: gets printed every damn year. So in two thousand and eight, 199 00:10:38,240 --> 00:10:40,400 Speaker 2: this is the day, like the market lost faith in Apple. 200 00:10:40,720 --> 00:10:44,680 Speaker 2: Steve was still running it right, so you can see 201 00:10:44,720 --> 00:10:48,400 Speaker 2: here had about an eighteen cash trailing and ten x 202 00:10:48,520 --> 00:10:51,720 Speaker 2: four it while maintaining seventy percent earnings growth for over 203 00:10:51,760 --> 00:10:55,199 Speaker 2: a year. And it was the same thing. Not enough products, 204 00:10:55,320 --> 00:10:58,120 Speaker 2: MacBooks are dying, the CEO isn't good? Is boring? We 205 00:10:58,160 --> 00:11:01,880 Speaker 2: want something new, right, But look at the price of 206 00:11:01,960 --> 00:11:05,319 Speaker 2: Apple then, and if you would have held from two 207 00:11:05,360 --> 00:11:08,480 Speaker 2: thousand and eight through now. So when we're looking at 208 00:11:08,520 --> 00:11:11,600 Speaker 2: these ratios, and even if you're looking at Benjamin Graham's 209 00:11:11,600 --> 00:11:14,520 Speaker 2: model or another indicator that you guys can rut rite 210 00:11:14,520 --> 00:11:19,760 Speaker 2: down is buffets measurement of the market. They're great ways 211 00:11:19,800 --> 00:11:23,160 Speaker 2: to calculate, but sometimes they misstep. So if you go 212 00:11:23,200 --> 00:11:28,080 Speaker 2: and look at this article. You can see Apple's potential 213 00:11:28,080 --> 00:11:31,680 Speaker 2: was discounted for six months before the recession, and then 214 00:11:31,720 --> 00:11:35,120 Speaker 2: the market bottomed out and their earning was great and 215 00:11:35,160 --> 00:11:37,840 Speaker 2: they continue to innovate and continue to make sales like crazy, 216 00:11:38,320 --> 00:11:40,920 Speaker 2: and they went to the upside. So even if something 217 00:11:40,960 --> 00:11:44,320 Speaker 2: has a high PE ratio, it's just the cost that 218 00:11:44,360 --> 00:11:47,240 Speaker 2: you're paying for those earnings. But what if they're earning 219 00:11:47,320 --> 00:11:50,720 Speaker 2: that company is printing earnings like shit and they are 220 00:11:50,880 --> 00:11:54,800 Speaker 2: non their company that's a NonStop printing machine. You should 221 00:11:54,800 --> 00:11:56,920 Speaker 2: not get out of them because of that reason. So 222 00:11:56,960 --> 00:12:01,120 Speaker 2: sometimes PE ratio and these ratios can be misleading. I 223 00:12:01,200 --> 00:12:04,320 Speaker 2: think they are good measurement for the overall index, but 224 00:12:04,360 --> 00:12:06,280 Speaker 2: there has to be an exception for when a company 225 00:12:06,600 --> 00:12:10,240 Speaker 2: it's top one or two in it's field. And this 226 00:12:10,320 --> 00:12:12,199 Speaker 2: is the point that I need to drive home again 227 00:12:12,840 --> 00:12:15,600 Speaker 2: for my fundamental and technical traders, there has to be 228 00:12:15,600 --> 00:12:18,440 Speaker 2: a catalyst for while the market falls. The market isn't 229 00:12:18,480 --> 00:12:20,800 Speaker 2: going to slide down just because we hit a technical level. 230 00:12:21,720 --> 00:12:23,720 Speaker 2: That's why you can see we constantly have been hitting 231 00:12:23,760 --> 00:12:26,000 Speaker 2: all time highs and everyone's like, well, I'm a short here, 232 00:12:26,040 --> 00:12:28,360 Speaker 2: and I'm like why so they hit a high? It 233 00:12:28,360 --> 00:12:33,720 Speaker 2: can go fifteen percent higher before it eventually slides down. 234 00:12:34,640 --> 00:12:37,640 Speaker 2: So you need an interest rate increase, which we may 235 00:12:37,679 --> 00:12:40,559 Speaker 2: have soon. A bubble, a weak market, we need something 236 00:12:40,600 --> 00:12:42,880 Speaker 2: to push it down. And here's a good trick to know. 237 00:12:43,200 --> 00:12:46,680 Speaker 2: Whatever that catalyst is, it will be on the news 238 00:12:46,720 --> 00:12:49,120 Speaker 2: as soon as you get off work soon and then 239 00:12:49,160 --> 00:12:52,160 Speaker 2: it'll be all over social. So with COVID is if 240 00:12:52,160 --> 00:12:55,160 Speaker 2: we hit a certain benchmark, we cross three or four 241 00:12:55,160 --> 00:12:57,480 Speaker 2: million deaths, that will push the market down the lot. 242 00:12:57,520 --> 00:13:02,080 Speaker 2: But until then, don't worry. I don't know if you 243 00:13:02,080 --> 00:13:06,040 Speaker 2: guys know, but Market Monday is a idea and a 244 00:13:06,400 --> 00:13:09,600 Speaker 2: real time course that should be a hell of a 245 00:13:09,640 --> 00:13:12,280 Speaker 2: lot in real time. But I want you to remember 246 00:13:12,280 --> 00:13:15,760 Speaker 2: to execute. Kudos to good brother here who's up Unplug 247 00:13:15,840 --> 00:13:18,520 Speaker 2: and NEO. What I don't want to do is solely 248 00:13:18,640 --> 00:13:20,720 Speaker 2: entertain you. What I want you to do is for 249 00:13:20,760 --> 00:13:24,520 Speaker 2: you to be entertained, inspired and then you execute. So 250 00:13:24,640 --> 00:13:27,120 Speaker 2: I know some of you are like, hey, you hear 251 00:13:27,240 --> 00:13:30,080 Speaker 2: one thing, but when you go back and listen, another 252 00:13:30,120 --> 00:13:31,520 Speaker 2: thing has been said. For So for those of you 253 00:13:31,720 --> 00:13:34,760 Speaker 2: that have wondered if NEO is solid, Plug is solid, Yes, 254 00:13:34,920 --> 00:13:36,480 Speaker 2: I don't think they're the leader in that space, and 255 00:13:36,520 --> 00:13:39,640 Speaker 2: I don't think that they will be at least ernest. 256 00:13:39,679 --> 00:13:40,080 Speaker 2: What's up. 257 00:13:40,160 --> 00:13:42,640 Speaker 3: You ever walk into a small business and everything just 258 00:13:42,800 --> 00:13:45,960 Speaker 3: works like the checkout is fast, the receipts are digital, 259 00:13:46,480 --> 00:13:49,480 Speaker 3: tipping is a breeze, and you're out the door before 260 00:13:49,480 --> 00:13:53,640 Speaker 3: the line even builds odds are they're using Square. We 261 00:13:53,800 --> 00:13:56,360 Speaker 3: love supporting businesses that run on Square because it just 262 00:13:56,360 --> 00:13:59,600 Speaker 3: feels seamless. Whether it's a local coffee shop, a vendor 263 00:13:59,640 --> 00:14:01,920 Speaker 3: at a plap up market, or even one of our 264 00:14:01,960 --> 00:14:05,640 Speaker 3: merch partners, Square makes it easy for them to take payments, 265 00:14:05,840 --> 00:14:09,520 Speaker 3: manage inventory, and run their business with confidence, all from 266 00:14:09,679 --> 00:14:13,079 Speaker 3: one simple system. If you're a business owner or even 267 00:14:13,160 --> 00:14:16,680 Speaker 3: just thinking about launching something soon, Square is hands down 268 00:14:16,720 --> 00:14:19,760 Speaker 3: one of the best tools out there to help you start, run, 269 00:14:19,960 --> 00:14:23,320 Speaker 3: and grow. It's not just about payments, it's about giving 270 00:14:23,320 --> 00:14:26,000 Speaker 3: you time back so you can focus on what matters 271 00:14:26,040 --> 00:14:29,280 Speaker 3: most ready. To see how Square can transform your business, 272 00:14:29,560 --> 00:14:34,200 Speaker 3: visit Square dot com backslash go backslash eyl to learn 273 00:14:34,240 --> 00:14:39,440 Speaker 3: more that Square dot com backslash, go backslash eyl. Don't wait, 274 00:14:39,720 --> 00:14:42,560 Speaker 3: don't hesitate, let's Square handle the back end so you 275 00:14:42,560 --> 00:14:48,920 Speaker 3: can keep pushing your vision forward. This episode is brought 276 00:14:48,920 --> 00:14:50,840 Speaker 3: to you by P and C Bank. A lot of 277 00:14:50,840 --> 00:14:54,440 Speaker 3: people think podcasts about work are boring, and sure they 278 00:14:54,520 --> 00:14:58,400 Speaker 3: definitely can be, But understanding a professional's routine shows us 279 00:14:58,400 --> 00:15:02,040 Speaker 3: how they achieve their success little by little, day after day. 280 00:15:03,040 --> 00:15:05,520 Speaker 2: It's like banking with P and C Bank. It might 281 00:15:05,640 --> 00:15:06,520 Speaker 2: seem boring. 282 00:15:06,240 --> 00:15:09,080 Speaker 3: To safe plan and make calculated decisions with your bank, 283 00:15:09,520 --> 00:15:12,000 Speaker 3: but keeping your money boring is what helps you live 284 00:15:12,160 --> 00:15:16,160 Speaker 3: or more happily fulfilled life. P and C Bank Brilliantly 285 00:15:16,240 --> 00:15:20,800 Speaker 3: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty 286 00:15:20,800 --> 00:15:24,080 Speaker 3: five is a service mark of the PNC Financial Service Group, Inc. 287 00:15:24,560 --> 00:15:27,960 Speaker 3: P and C Bank National Association Member FDIIC. 288 00:15:30,120 --> 00:15:34,040 Speaker 1: You just realized your business needed to hire someone yesterday. 289 00:15:34,520 --> 00:15:38,720 Speaker 1: How can you find amazing candidates fast? Easy? 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Don't 296 00:15:59,560 --> 00:16:03,240 Speaker 1: wait any longer speed up your hiring right now with Indeed, 297 00:16:03,680 --> 00:16:05,920 Speaker 1: and listeners of this show will get a seventy five 298 00:16:06,000 --> 00:16:09,200 Speaker 1: dollars sponsored job credit to get your jobs more visibility 299 00:16:09,320 --> 00:16:15,040 Speaker 1: at indeed dot com slash pod Katz thirteen. Just go 300 00:16:15,080 --> 00:16:19,880 Speaker 1: to Indeed dot com slash pod Katz thirteen right now 301 00:16:20,200 --> 00:16:22,760 Speaker 1: and support our show by saying you heard about Indeed 302 00:16:22,800 --> 00:16:27,120 Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is 303 00:16:27,160 --> 00:16:28,560 Speaker 1: all you need for. 304 00:16:28,520 --> 00:16:31,520 Speaker 2: Five or ten years. But they are solid investments, but 305 00:16:31,560 --> 00:16:35,200 Speaker 2: they're too high at the moment. And same thing with Boeing. 306 00:16:35,680 --> 00:16:37,760 Speaker 2: Boeing is not one of the best companies. There's a 307 00:16:37,800 --> 00:16:41,240 Speaker 2: great lesson here. Sometimes certain assets will come down so 308 00:16:41,360 --> 00:16:44,080 Speaker 2: much that they are just a steel. So if you 309 00:16:44,080 --> 00:16:46,120 Speaker 2: can get a house that's worth two hundred grand on 310 00:16:46,160 --> 00:16:49,160 Speaker 2: sale for twenty five grand, that's what Boeing look like 311 00:16:49,200 --> 00:16:52,120 Speaker 2: when we crash. I don't love Boeing, but out of 312 00:16:52,120 --> 00:16:53,840 Speaker 2: the airline sector, it was the only one that I 313 00:16:53,920 --> 00:16:56,400 Speaker 2: really liked, and then it one up to two maenty 314 00:16:56,520 --> 00:16:58,720 Speaker 2: nine and sold off and it's been slotting back. So 315 00:16:58,920 --> 00:17:01,840 Speaker 2: once again I want to remind you guys to listen, 316 00:17:02,280 --> 00:17:04,840 Speaker 2: take notes, and even after the episode is over, watch 317 00:17:04,920 --> 00:17:06,560 Speaker 2: the replay because there's some gems in there that you 318 00:17:06,680 --> 00:17:11,120 Speaker 2: probably missed on to fundamentals that matter. Please write write 319 00:17:11,119 --> 00:17:15,000 Speaker 2: this down. Rotation is not for you. I've never seen 320 00:17:15,040 --> 00:17:17,240 Speaker 2: so many retail traders in my life here about rotation 321 00:17:18,440 --> 00:17:21,760 Speaker 2: for long term investment. If you're trading, okay, different, But 322 00:17:21,800 --> 00:17:24,880 Speaker 2: if you're holding for a long period of time, it's 323 00:17:24,960 --> 00:17:27,960 Speaker 2: not for you. Hedge funds have to spend money every quarter. 324 00:17:28,960 --> 00:17:31,520 Speaker 2: You don't. And then the second one is mind share. 325 00:17:31,600 --> 00:17:34,840 Speaker 2: So mind share is when you say a category or 326 00:17:34,920 --> 00:17:36,879 Speaker 2: brand is the first thing that you think about. So 327 00:17:36,920 --> 00:17:39,439 Speaker 2: let's play a little game. So if I mention a 328 00:17:39,560 --> 00:17:42,000 Speaker 2: car company, what's the first car company that comes to 329 00:17:42,040 --> 00:17:48,080 Speaker 2: your mind? Please type and chat? Okay. Now, if I 330 00:17:48,119 --> 00:17:51,280 Speaker 2: mention a sneaker company, what's the first one that comes 331 00:17:51,320 --> 00:17:59,239 Speaker 2: to mind? Okay? If I mentioned an electronics company, well, 332 00:17:59,320 --> 00:18:02,120 Speaker 2: let's say computer company. To be more specific, which one 333 00:18:02,240 --> 00:18:08,720 Speaker 2: comes to mind? I love Michael Dell, but nobody's saying Dell. 334 00:18:09,720 --> 00:18:11,960 Speaker 2: So mind chair is the one. If you interview ten 335 00:18:12,000 --> 00:18:14,560 Speaker 2: people on the street, eight out of ten would say 336 00:18:15,080 --> 00:18:18,960 Speaker 2: that particular brand. Mind chair is an equation and fundamental 337 00:18:19,720 --> 00:18:23,200 Speaker 2: analysis that I think is over excuse me, underrated. Very underrated, 338 00:18:23,840 --> 00:18:26,800 Speaker 2: and I want to clear this up. So I know 339 00:18:26,840 --> 00:18:28,360 Speaker 2: some of you have been hitting up about twenty four 340 00:18:28,359 --> 00:18:30,600 Speaker 2: strings of revenue. I want to be very clear. I'm 341 00:18:30,600 --> 00:18:32,800 Speaker 2: not saying that I want you to make twenty four 342 00:18:32,800 --> 00:18:36,560 Speaker 2: different businesses or have twenty four jobs, because that's impossible. 343 00:18:36,960 --> 00:18:38,399 Speaker 2: But I do want to walk through some of the 344 00:18:38,400 --> 00:18:40,840 Speaker 2: biggest finance lessons from some of the biggest companies in 345 00:18:40,840 --> 00:18:44,600 Speaker 2: the world. So if you look at Microsoft, Microsoft has 346 00:18:44,680 --> 00:18:49,320 Speaker 2: over one hundred and one products. If they only needed 347 00:18:49,359 --> 00:18:52,679 Speaker 2: seven for world domination with all the data that they have, 348 00:18:53,200 --> 00:18:59,000 Speaker 2: don't you think they would do seven? Apple has thirty, 349 00:18:59,160 --> 00:19:02,159 Speaker 2: Pepsi has over one hundred. Let's go to all my 350 00:19:02,200 --> 00:19:07,160 Speaker 2: folks in atl Coca Cola you can google this has 351 00:19:07,280 --> 00:19:11,760 Speaker 2: five hundred brands underneath their umbrella and thirty nine hundred 352 00:19:11,800 --> 00:19:17,240 Speaker 2: beverage choices thirty nine hundred. So if the magical number 353 00:19:17,320 --> 00:19:21,879 Speaker 2: was seven, with all the research and brand development that 354 00:19:21,920 --> 00:19:24,560 Speaker 2: Coca Cola's done, don't you think seven will be more 355 00:19:24,600 --> 00:19:27,160 Speaker 2: than enough. So if you're just starting, I don't want 356 00:19:27,200 --> 00:19:31,760 Speaker 2: you to be upset by hearing this number. But our 357 00:19:31,880 --> 00:19:34,880 Speaker 2: job is delivered to deliver the truth to the community 358 00:19:34,920 --> 00:19:39,000 Speaker 2: and not bullshit advice that's been shoveled down Instagram until 359 00:19:39,000 --> 00:19:41,480 Speaker 2: you by people who are not doing that. But they're 360 00:19:41,480 --> 00:19:45,440 Speaker 2: on clubhouse nine hours a day drinking all the kid's 361 00:19:45,520 --> 00:19:48,480 Speaker 2: juicy juice. Like, we're not here for that. But thirty 362 00:19:48,560 --> 00:19:50,920 Speaker 2: nine hundred choices is a lot of excus But there's 363 00:19:50,960 --> 00:19:56,280 Speaker 2: a reason for that. I'll walk you through a book 364 00:19:56,320 --> 00:19:58,200 Speaker 2: that I think is probably going to be the next 365 00:19:58,200 --> 00:20:00,359 Speaker 2: money master of the game from a macro level tonight. 366 00:20:01,080 --> 00:20:06,040 Speaker 2: But a very interesting insight that Chamult gave to Josh 367 00:20:06,640 --> 00:20:08,960 Speaker 2: when they are at a conference was they stopped learning 368 00:20:08,960 --> 00:20:12,040 Speaker 2: twenty years ago. What I don't want you guys to 369 00:20:12,080 --> 00:20:14,159 Speaker 2: do is even hear the information that we give you 370 00:20:14,200 --> 00:20:16,760 Speaker 2: and just take face value. I want you to go 371 00:20:17,040 --> 00:20:19,840 Speaker 2: review it, read it, and make sure that it's true, 372 00:20:20,359 --> 00:20:26,720 Speaker 2: because most people in investing stop learning after year one, 373 00:20:26,840 --> 00:20:29,959 Speaker 2: and that's how most people end up giving up their edge. Okay, 374 00:20:31,480 --> 00:20:33,480 Speaker 2: and you guys did an amazing job with the interview 375 00:20:33,480 --> 00:20:36,200 Speaker 2: with Mark Cuban. I want you guys to go back 376 00:20:36,200 --> 00:20:39,119 Speaker 2: and look and listen to the interview. But the minimization 377 00:20:39,200 --> 00:20:42,879 Speaker 2: of risk for how he was protecting his capital and 378 00:20:42,920 --> 00:20:46,000 Speaker 2: his newfound wealth is the most important lesson in that 379 00:20:46,119 --> 00:20:50,000 Speaker 2: college strategy that he executed. Could he have made more? Yes, 380 00:20:50,160 --> 00:20:53,040 Speaker 2: he's done pretty damn well for himself. Since kudos to 381 00:20:53,000 --> 00:20:56,960 Speaker 2: everybody at I you. But even if you don't have 382 00:20:57,359 --> 00:20:59,760 Speaker 2: a lot of money, I know the idea is you 383 00:20:59,800 --> 00:21:03,119 Speaker 2: want to grow fast. But if you grow fast and 384 00:21:03,200 --> 00:21:05,440 Speaker 2: you lose fast, what ends up happening for us to 385 00:21:05,480 --> 00:21:08,360 Speaker 2: the African American It breaks your spirit and you leave 386 00:21:08,400 --> 00:21:13,000 Speaker 2: the market and never come back. It's a unique experience. 387 00:21:13,680 --> 00:21:16,720 Speaker 2: So the reason why I'm saying defense, defense, defense, why 388 00:21:16,800 --> 00:21:19,600 Speaker 2: it's not the sexiest thing. It doesn't matter if you 389 00:21:20,200 --> 00:21:22,119 Speaker 2: have a two hundred percent gainer and then on your 390 00:21:22,160 --> 00:21:24,480 Speaker 2: next trade you give back one hundred and fifty percent 391 00:21:24,480 --> 00:21:27,320 Speaker 2: of it or two hundred percent of it, or you 392 00:21:27,359 --> 00:21:30,600 Speaker 2: get margin called and lose more. So go right down 393 00:21:30,640 --> 00:21:33,840 Speaker 2: and go look up that strategy that he executed, and 394 00:21:33,920 --> 00:21:36,320 Speaker 2: I think it will have a tremendous impact on how 395 00:21:36,359 --> 00:21:41,159 Speaker 2: you invest going forward. This is for the dads. I 396 00:21:41,200 --> 00:21:44,360 Speaker 2: want you to stop thinking about investing over a short 397 00:21:44,400 --> 00:21:46,800 Speaker 2: period of time, and I want you to make some 398 00:21:46,920 --> 00:21:50,160 Speaker 2: funds available for your family for the next hundred years. 399 00:21:52,000 --> 00:21:54,520 Speaker 2: I think we're thinking about this on too short of 400 00:21:54,560 --> 00:21:59,760 Speaker 2: a timeframe. Is it worth the sacrifice? I think if 401 00:21:59,760 --> 00:22:02,840 Speaker 2: you your child, yes, It's my job personally for me 402 00:22:03,119 --> 00:22:05,480 Speaker 2: and my family to provide for the next two hundred years. 403 00:22:05,640 --> 00:22:09,879 Speaker 2: So the seeds that I lay, I hope Xander or 404 00:22:09,920 --> 00:22:11,800 Speaker 2: his child does not mess it up. But for the 405 00:22:11,840 --> 00:22:14,919 Speaker 2: next two hundred years, I'll be able to provide a 406 00:22:14,960 --> 00:22:17,040 Speaker 2: solid foundation for him and then for the dads to 407 00:22:17,119 --> 00:22:19,040 Speaker 2: love your children. I think that should be a goal. 408 00:22:19,080 --> 00:22:21,000 Speaker 2: And next week I'll walk you through some of the 409 00:22:21,000 --> 00:22:25,359 Speaker 2: steps we can do to make that a reality. And 410 00:22:25,400 --> 00:22:27,159 Speaker 2: for those of you who are just starting and you 411 00:22:27,200 --> 00:22:30,399 Speaker 2: feel intimidated, let's look at this. Here's how much you 412 00:22:30,400 --> 00:22:31,880 Speaker 2: would have made if you would have just invested five 413 00:22:31,960 --> 00:22:34,240 Speaker 2: hundred a month type yes and chat if you spent 414 00:22:34,320 --> 00:22:37,080 Speaker 2: five hundred a month partying or on other things that 415 00:22:37,200 --> 00:22:41,320 Speaker 2: brought you less value. Four percent ready to return, which 416 00:22:41,480 --> 00:22:45,160 Speaker 2: I mean invest in ask considerable risk. Nothing is guaranteed. 417 00:22:45,240 --> 00:22:48,760 Speaker 2: We cannot project future gains based on past performance, and 418 00:22:48,800 --> 00:22:50,960 Speaker 2: you can reshot at Troy, but I think I can 419 00:22:51,000 --> 00:22:52,520 Speaker 2: comfortably say that we may be able to get you 420 00:22:52,560 --> 00:22:58,080 Speaker 2: four percent easily, perhaps five hundred a month for ten years. 421 00:22:58,160 --> 00:23:02,840 Speaker 2: You have seventy three grand at six percent return eighty 422 00:23:02,880 --> 00:23:05,159 Speaker 2: one thousand, five hundred a month. Of ten years of 423 00:23:05,160 --> 00:23:07,440 Speaker 2: an eighty percent return, you have ninety one thousand. Now 424 00:23:07,440 --> 00:23:10,600 Speaker 2: I want you to calculate if you got eighteen percent 425 00:23:11,200 --> 00:23:13,679 Speaker 2: year of a year for ten years, how much that 426 00:23:13,720 --> 00:23:17,199 Speaker 2: would be. It's not the dollar amount that you start with, 427 00:23:17,320 --> 00:23:21,000 Speaker 2: it's the consistency and the action. And some of you 428 00:23:21,080 --> 00:23:22,919 Speaker 2: figured this out in March. It's like you got in 429 00:23:22,960 --> 00:23:25,400 Speaker 2: at a great price on some companies, but you only 430 00:23:25,400 --> 00:23:27,480 Speaker 2: got ten shares of it. And it's like, damn. If 431 00:23:27,680 --> 00:23:31,880 Speaker 2: you knew back then what you know now, you probably 432 00:23:31,880 --> 00:23:36,080 Speaker 2: would have furnished or liquidated everything to furnish those investments 433 00:23:36,080 --> 00:23:39,480 Speaker 2: going forward. So even if you're starting small, it's okay. 434 00:23:39,600 --> 00:23:42,840 Speaker 2: It's going to give you confidence to bill later. And 435 00:23:42,880 --> 00:23:44,920 Speaker 2: as we get close to wrapping up, I want to 436 00:23:44,920 --> 00:23:47,240 Speaker 2: show you how to identify the best companies in a 437 00:23:47,320 --> 00:23:51,120 Speaker 2: sector in less than ninety seconds. So if we take 438 00:23:54,240 --> 00:23:57,639 Speaker 2: this site is called guru Focus. So let's go to 439 00:23:57,720 --> 00:24:00,760 Speaker 2: my favorite. Let's go to technology. I want you to 440 00:24:00,760 --> 00:24:04,680 Speaker 2: click on the sector. It's my screen still showing to 441 00:24:04,760 --> 00:24:09,080 Speaker 2: no y yes, okay, hold on, let me show them 442 00:24:09,119 --> 00:24:12,160 Speaker 2: turn the screen. Okay, yeah, there we go. Now, this 443 00:24:12,200 --> 00:24:15,000 Speaker 2: is a guru focus. I'm not a paid affiliated to anything. 444 00:24:15,040 --> 00:24:17,800 Speaker 2: Step one, I want you to click on the sector. 445 00:24:19,119 --> 00:24:22,080 Speaker 2: Great Now. After that, I want you to pick on 446 00:24:22,119 --> 00:24:24,960 Speaker 2: the biggest portion of that pie. So in this case 447 00:24:24,960 --> 00:24:27,320 Speaker 2: it will be software. It's fifty point eight percent of 448 00:24:27,320 --> 00:24:30,280 Speaker 2: the market. So we'll click here. Great Now, we'll go 449 00:24:30,320 --> 00:24:35,520 Speaker 2: to software and let's see who runs that space. And 450 00:24:35,560 --> 00:24:41,159 Speaker 2: you can see clearly by industry waiting, Microsoft is first, 451 00:24:42,560 --> 00:24:45,600 Speaker 2: and then you have the other smaller players. Notice nobody's 452 00:24:45,640 --> 00:24:48,680 Speaker 2: ever screaming damn, I should buy IBM, even though they 453 00:24:48,720 --> 00:24:50,920 Speaker 2: may have a chance in the next couple of years 454 00:24:50,920 --> 00:24:53,160 Speaker 2: to go up a little bit higher. Right. And then 455 00:24:53,160 --> 00:24:54,960 Speaker 2: you can do the same thing with hardware. So let's 456 00:24:55,000 --> 00:24:57,040 Speaker 2: go look at hardware. We can look at the waiting. 457 00:24:57,720 --> 00:25:01,919 Speaker 2: Who runs the waiting for hardware by a landslide is Apple. 458 00:25:02,920 --> 00:25:05,720 Speaker 2: So I'm literally looking at who is the biggest player 459 00:25:05,760 --> 00:25:10,200 Speaker 2: in the market, selecting those and then inside of that category, 460 00:25:10,680 --> 00:25:13,080 Speaker 2: I'm picking the top two. I don't want the ninth 461 00:25:13,160 --> 00:25:17,280 Speaker 2: best semiconductor in a space, so let's click on semiconductor. 462 00:25:17,560 --> 00:25:21,880 Speaker 2: So you can see in video Solid love a lot 463 00:25:22,000 --> 00:25:27,280 Speaker 2: Intel that market share is dying. Great, and you can 464 00:25:27,359 --> 00:25:30,400 Speaker 2: use this site to see who are the market share 465 00:25:30,560 --> 00:25:32,480 Speaker 2: leaders and in particular space. And I got a couple 466 00:25:32,520 --> 00:25:37,399 Speaker 2: more slizes and then we'll wrap up. So if you 467 00:25:37,400 --> 00:25:41,160 Speaker 2: look at the five things the market cares about the most, 468 00:25:41,240 --> 00:25:45,520 Speaker 2: please screenshot this. There's so much talk about what matters 469 00:25:45,560 --> 00:25:48,400 Speaker 2: and what moves the market. These are a core five. 470 00:25:49,119 --> 00:25:51,720 Speaker 2: Number one, the stability of the economy. Is the economy 471 00:25:51,760 --> 00:25:53,639 Speaker 2: doing good or bad. If the economy is doing good, 472 00:25:53,680 --> 00:25:56,000 Speaker 2: people going to spend more, and even companies that are 473 00:25:56,040 --> 00:25:59,040 Speaker 2: not that talented or that great have great management, will 474 00:25:59,080 --> 00:26:02,040 Speaker 2: do well. Number two interest rates. Interest rates have been 475 00:26:02,119 --> 00:26:03,720 Speaker 2: low for a long time, and when they finally bump 476 00:26:03,800 --> 00:26:05,840 Speaker 2: this up, man, the market is going to slide back some. 477 00:26:06,359 --> 00:26:08,760 Speaker 2: And all this free cash that we've been getting out 478 00:26:08,800 --> 00:26:11,280 Speaker 2: the market and all these easy eighteen and twenty five 479 00:26:11,320 --> 00:26:15,000 Speaker 2: percent games, they're going to go away. They're going to 480 00:26:15,040 --> 00:26:18,960 Speaker 2: go away. Number Three earnings of a particular company. So 481 00:26:19,000 --> 00:26:20,560 Speaker 2: I want you to look at the top two leaders 482 00:26:20,600 --> 00:26:22,960 Speaker 2: of the top three leaders in the space and see what 483 00:26:23,000 --> 00:26:25,920 Speaker 2: the earnings are. Number four does not get talked about 484 00:26:26,000 --> 00:26:28,480 Speaker 2: enough enough, but it's really the number of buyers and sellers. 485 00:26:29,640 --> 00:26:32,600 Speaker 2: There are more buyers in Tesla than there are short sellers. 486 00:26:33,200 --> 00:26:34,960 Speaker 2: For all the short sellers, may you rest in peace, 487 00:26:35,160 --> 00:26:38,440 Speaker 2: stop short in Tesla and number five who is best 488 00:26:38,520 --> 00:26:42,919 Speaker 2: in a category investment? Is not that Even when we 489 00:26:42,960 --> 00:26:45,000 Speaker 2: did the mind share exercise, no one is named of 490 00:26:45,040 --> 00:26:48,399 Speaker 2: the fifteenth best player in the space. And we are 491 00:26:48,440 --> 00:26:50,760 Speaker 2: in an efficiency era and this will not go away. 492 00:26:51,119 --> 00:26:53,720 Speaker 2: So before it was the information age, but the companies 493 00:26:53,720 --> 00:26:56,080 Speaker 2: that will dominate now are the ones that will make 494 00:26:56,080 --> 00:26:59,200 Speaker 2: our lives easier, get things for us faster, and save 495 00:26:59,280 --> 00:27:03,400 Speaker 2: us money like Roku, Netflix, Zillo. So if you guys 496 00:27:03,440 --> 00:27:06,480 Speaker 2: have not looked, Zillo is now make an offer on houses. 497 00:27:07,480 --> 00:27:09,760 Speaker 2: So for my real estate agents, you're gonna have to 498 00:27:09,800 --> 00:27:13,600 Speaker 2: find a way to take care of your customers and 499 00:27:13,600 --> 00:27:17,480 Speaker 2: clients more and also sell them houses faster because the 500 00:27:17,520 --> 00:27:19,480 Speaker 2: biggest player in the space is now starting to look 501 00:27:19,480 --> 00:27:22,040 Speaker 2: to eat your lunch and all technology companies usually aim 502 00:27:22,119 --> 00:27:27,240 Speaker 2: to do this. Domino's match so match owns everything except bumble. 503 00:27:28,359 --> 00:27:30,359 Speaker 2: They are a huge conglimber and when I did the interview, 504 00:27:30,680 --> 00:27:32,119 Speaker 2: we talked about that a few months ago. They've been 505 00:27:32,160 --> 00:27:35,439 Speaker 2: on the tear and of course Amazon the company that 506 00:27:35,560 --> 00:27:38,720 Speaker 2: makes life easier for us so we don't have to 507 00:27:38,800 --> 00:27:40,919 Speaker 2: drive and drop off tapes at Blockbuster and get a 508 00:27:40,960 --> 00:27:44,000 Speaker 2: fine Netflix is a better pick. Roku is a better pick. 509 00:27:44,240 --> 00:27:47,359 Speaker 2: In comparison. We have now switched to an efficiency era, 510 00:27:47,800 --> 00:27:50,119 Speaker 2: and for my business owners, you need to find a 511 00:27:50,119 --> 00:27:51,760 Speaker 2: way to get things delivered to you in a much 512 00:27:51,760 --> 00:27:54,359 Speaker 2: faster way. Ten years ago, you would have to drive 513 00:27:54,440 --> 00:27:57,399 Speaker 2: to downtown to meet with Reshid right, maybe do lunch 514 00:27:57,720 --> 00:28:02,720 Speaker 2: now zoom. We have to streamline everything that we're doing. 515 00:28:03,280 --> 00:28:04,879 Speaker 2: And then the final thing I want to cover for 516 00:28:04,920 --> 00:28:10,480 Speaker 2: you is the worst companies of this past decade had 517 00:28:10,480 --> 00:28:16,080 Speaker 2: a central thing. They were energy focused. The big energy company. 518 00:28:16,160 --> 00:28:18,479 Speaker 2: We companies we are watching die in front of us, 519 00:28:18,520 --> 00:28:20,679 Speaker 2: and some will make the adjustment and some will go 520 00:28:20,680 --> 00:28:23,120 Speaker 2: to clean energy and some will not, and they will 521 00:28:23,200 --> 00:28:26,240 Speaker 2: die a slow death before a company to draw down 522 00:28:26,280 --> 00:28:29,800 Speaker 2: seventy or eighty percent in a year is unfathomable. But 523 00:28:30,080 --> 00:28:33,280 Speaker 2: we are here at a change right before eyes. So 524 00:28:33,800 --> 00:28:36,280 Speaker 2: I appreciate you guys so much. I thank you Deally. 525 00:28:36,840 --> 00:28:38,880 Speaker 2: I want to remind you to please invest in the 526 00:28:38,920 --> 00:28:41,560 Speaker 2: market every single month, and if you are going to trade, 527 00:28:41,600 --> 00:28:44,680 Speaker 2: be dedicated. Practice your ass off because it's not easy. 528 00:28:45,000 --> 00:28:49,120 Speaker 2: I love you guys. Thank you, My graduates from my 529 00:28:49,200 --> 00:28:56,240 Speaker 2: school being forced back drop drop mic drop Bag drop d. 530 00:29:08,200 --> 00:29:12,080 Speaker 1: You just realized your business needed to hire someone yesterday. 531 00:29:12,560 --> 00:29:17,320 Speaker 1: How can you find amazing candidates fast? Easy? Just use Indeed. 532 00:29:17,720 --> 00:29:20,440 Speaker 1: Stop struggling to get your job posts seen on other 533 00:29:20,560 --> 00:29:24,240 Speaker 1: job sites. 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