Wealth Management can be a scam. Spoke to a 35-year old paying XX 1.5% a year to manage his $5.5M. If he keeps going until retirement, he'll end up paying $6M in fees and end with ~$14M less than using a Vanguard ETF

AI: I was completely honest. I said I just typed it into AI. if you're not using AI now you're stupid.

Gambling:

Markets

Fed Rate Cut

The latest quarter-point cut will reduce the Fed’s benchmark short-term interest rate to between 3.75% and 4%
Effects Money Market almost immediately. VMFXX's 7-day yield 4.05% and SPAXX.
Juices economy. Less expensive to borrow, so can invest, build etc..

Apple

Slow to AI. But will figure it out. iPhone 17 awesome.

Tesla

Tesla Earnings.

Record Revenue. $28b.
Energy up 44% !!!!
- Revenue $3.4b and $2.3 cost. $1b in profit
- US grid is only 50% productive. Can double with batteries.
Other Services up 25%.

Elon Remarks. Play at 11.00 Play thur 15.00

Leader in Realworld AI. Shockwave

Dan Ives:

No Drivers in Austin prior to year end. Taking a VERY conservative strategy!

Nvidia & Palantir

PLAY Jensen Huang on the importance of of Palantir and their ontology stack

Alex and Jensen speaking together.

Autonomous Driving

NVIDIA Drive Software

NEWS: Nvidia today announced it is partnering with Uber to help build the "world’s largest Level 4 autonomous fleet, targeting 100,000 Robotaxis starting in 2027.

Netflix

Earnings Letter

Earnings Call

Highlights:

Talked about personalized ad targeting. THIS IS HUGE!
KPop Demon Hunters, which is now our most popular film ever (325M views)
- Top 10 movies here.
Sharing view % growing
Why Netflix?
Grown organically. WB and other mergers/acquisitions are a mess: Cultural and bureaucratic. Same core execs: Ted, Greg and David!
Perfect mix of creative and Tech. No-one even close in tech. This helps ad money!

Revenue and YoY % growth by Region:

UCAN: $5.1b17%
EMEA:$3.7b18%
LatAm: $1.4b10%
APAC $1.4b21%

~43-45% of Revenue is US