PNC Bank / Square Advertiser (2:42)

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Financial Analyst (3:24)

Let'S talk about Elon Musk. He was asked recently, you know, if he, if like what stocks he's into and he was like, you know, he doesn't really invest in stocks too much. I mean it would make sense.

Investment Expert (3:38)

I love these answer.

Financial Analyst (3:38)

The richest person in the world, he was like, you know, he just focused on building his companies. Then when his companies become public then he owns a lot of stocks in that company, which is Tesla, which will soon be SpaceX, which will soon be, you know, a variety of different companies that he has involvement with. But he said if he did, if he did, you know, if, if he were looking at the landscape and he were to pick two stocks, he said it would be Google, my baby. He said Google's done a tremendous job as far as where they're going to be in the, in the AI race. And then he said Nvidia is you, is inevitable. Like you can't get around Nvidia. That's just like a no brainer.

Investment Expert (4:15)

Yep.

Financial Analyst (4:16)

So he spoke about Google and he spoke about Nvidia as far as like if he was to actually be in the, in the stock world, those would be the two companies that he would, he would have confidence in investing in. What are your thoughts on that?

Investment Expert (4:31)

It's the other side of wealth building that people don't talk about publicly. But I love that we have the show so we can, if you can build something that goes up 150,000% of return or 700,000%, it's better to put all of your tangible time into building asset. There are certain people who are asset drivers and GDP drivers regardless of political dispersion. He is one of them. So if I can build a SpaceX Starlink I think is the darling of the portfolio. Probably best company there. Tesla we already know story tradition at PayPal Mafia. If I can build things that go up 15 000x, it's much better to build the thing and then get the value. If you can't do that, then you have to invest in. Because I always say if you're an entrepreneur, are you better than Tim Cook Elon Musk? Now we got to throw Sam Altman even though he's having some issues. Right. Are you better than the top 10 CEOs? He's better than a lot of the top 10. Therefore he should focus on wealth building by building a company. And even if you, you're not, you have to build A business in combination. Now, I've been telling this to podcasters. We'll talk about it Wednesday. A lot of streamers and podcasters are going out of business. A lot of rappers, too. They wouldn't have though. I've told 200 people the strategy four executed. You have to invest in the media companies that you're uploading and using your services through. Most don't do it. And there's a tell of two, two media broadcasters, one that does and one that doesn't. There's not as much. There's too much saturation in some of these markets. So people are going out of business, but you have to build a business and then invest. It's the only blueprint. It's the only blueprint. And I love the honesty of the answer because one of the things that most wealth builders don't tell you is how they build that rocket ship, no pun intended, to generate wealth for themselves regardless of what the market is doing.

Tech Industry Commentator (6:35)

Yeah, I always tell people, listen, you gotta study the movements, follow the money. Study the movements, follow the money. Last week when we, I talked about Jensen and him sitting down and having this conversation. To his right was Elon Musk. No surprise when Elon asked you ask him what two companies are going to be prominent. It's going to be those two. We obviously know what Nvidia is going to mean to the economy. Well, we already know what it means. Now, you know, we can see where it's headed. We can see that Google has made an imprint here. But when you listen to Sundar Speed, the CEO of Google said something very interesting last week and he was talking about power. Right. Xai uses the GPUs. They're thinking about maybe they'll partner to use CPUs from Google. But that wasn't the thing that really caught my attention. They weren't talking about data centers here on Earth. They're talking about putting data centers in space.

Investment Expert (7:35)

Elon or Sundar?

Tech Industry Commentator (7:36)

Sundar.

Commercial Narrator (7:37)

Yeah.

Tech Industry Commentator (7:38)

So now when I'm listening to Google and I'm thinking to myself, they're putting, they're going to do data centers in space because they can use the solar power. I'm like, oh man, this is different. Well, I'm thinking like, well, how would they get space exploration? That's not really a division that they've really focusing on. Then I'm starting to hear partnership, right? You start putting these tea leaves together, right? Who has mastered space exploration? Who has that division? Who has a company?

Tech Industry Commentator (8:01)

Well, isn't that what space is doing? When we talk about the satellites that are already orbiting the Earth, we, we covered that in very great extent. And I'm like, oh, this is, this is where they're going. So start watching those tea leaves start. When these CEOs start talking about each other and they're starting to praise each other, it's for a great reason. Partnerships are happening whether we know about them or not. They're already looking toward the future. When I'm looking at we're just trying to figure out how they're going to power the data set is here on, on Earth, right? Like we've talked about Meta in Louisiana.

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PNC Bank / Square Advertiser (9:36)

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Malcolm Gladwell (10:36)

Hello, I'm Malcolm Gladwell, host of the podcast smart talks with IBM. I recently sat down with IBM's chairman and CEO Arvind Krishna and I asked him how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example, if anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today with the goal of being 70% more productive.

Financial Analyst (11:23)

Yeah.

Malcolm Gladwell (11:25)

So we are not asking our clients to be the first experiment on it. We say you can leverage what we did. We are happy to bring out all our learnings, including what needs to change in the process. Because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com smarttalks.

Commercial Narrator (11:53)

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Podcast Host (12:44)

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Tech Industry Commentator (12:52)

See mintmobile.com all these, these, these data centers in the Midwest. We've talked about the fabs that TSM has put in Arizona. Now they're thinking like, hey we, we got this covered. Where's the next space? And that's going to be, that's going to be orbiting the planet. So interesting that he says those two Companies.

Financial Analyst (13:10)

And then somebody said, well what. Which Because Ian said but content creators to invest in the companies that they upload content to. And then somebody in chat said which. Which would be with a question mark. So Google, Google, because Google owns YouTube.

Financial Analyst (13:26)

Meta because meta owns Instagram and Facebook.

Investment Expert (13:31)

And Apple created the ipod. It literally created podcasting from the term ipod.

PNC Bank / Square Advertiser (13:39)

Yeah.

Investment Expert (13:40)

Sometimes it's just hidden in plain sight. Best in those three.

Tech Industry Commentator (13:44)

I mean they're solid.

Tech Industry Commentator (13:47)

This, this has been always been the Google case. Which is why we have to have Google in the portfolio since it was. We have. I remember we had these conversations in depth. Conversations. Yeah, it's got to be. You got. YouTube is. Yes, it leads it. But you know, they still have the cloud business. And now you can see what they've done it with inside the AI.

Financial Analyst (14:05)

But.

Tech Industry Commentator (14:05)

And they're not done. They're not done. They're just getting started.

Investment Expert (14:08)

They are.

Tech Industry Commentator (14:09)

The partnerships are going to start increase, which is why we said like, hey, tpu, gpu, IO, it don't matter.

Investment Expert (14:17)

They're gonna Google and five. Google and five.

Tech Industry Commentator (14:21)

I owe you. It don't matter. It don't matter.

Investment Expert (14:24)

Right.

Tech Industry Commentator (14:24)

It's going to need power. And the other thing that is going to need is storage. So that's why we always talk about memory, memory, memory, because it still needs the brains to the operations which is going to store all that data.

Financial Analyst (14:33)

And it also speaks to the importance of investing in.

Financial Analyst (14:38)

ETFs. So I mean Google as an individual stock, but invest with Invesco. Qqq, we talked about that. Put a tweet out last week where it's $10,000 in Nvidia. If you would have invested $10,000 in Nvidia 10 years ago, right now it'll be worth $10 million, $10.3 million. So the first thing that people will say was like, well, who knew Nvidia 10 years ago was going to be what it is now? But okay with that, is with that said, if you would have put $10,000 in QQQ 10 years ago, it'd be 43 000.

Investment Expert (15:08)

That's a good.

Financial Analyst (15:08)

Now if you put $10,000 in XLY 10 years ago, it'd be 31,000. If you put $10,000 in Spy, it'll be 28, 000. So even with quote unquote safe investments over the last 10 years, you would have quadrupled, tripled, or at the very least doubled your money by investing it. So yeah, I mean the individual. But if you don't think that technology is Going to continue to move the economy forward.

Tech Industry Commentator (15:33)

Where have you been?

Financial Analyst (15:34)

You're out of your mind.

Investment Expert (15:36)

Economy forward?

Tech Industry Commentator (15:38)

Yeah. Where have you been?

Investment Expert (15:39)

And 94 of those are flat or slightly underwater if you look at inflation. Another thing you have to look at is net margin. Google, Microsoft, Apple, Meta, all have amazing margins.

Investment Expert (15:54)

So. And I saw the comment earlier with a brother, said you have to be a nerd to want to tune in. No, they trick us to thinking that you need to be a nerd to know how money moves when we move the market for a bunch of companies.

Financial Analyst (16:06)

You don't have to be a nerd, just. You just have to want to hear elevated conversations, quarter zips.

Tech Industry Commentator (16:13)

Why wouldn't you?

Financial Analyst (16:15)

I too used to debate rap for endless hours on it.

Investment Expert (16:18)

It doesn't matter.

Financial Analyst (16:19)

But at some point in time I realized that I needed to make money to support myself and my family because.

Investment Expert (16:23)

Kaiser and all them put their money right. Even, even the music, conversations, all those benefit Spotify, Apple and the social media platforms. Meta, those are tech businesses, but they're not valuated like tech businesses. So they can rob the artists and inflate the value of the tech companies.

Tech Industry Commentator (16:43)

But I feel like they are though. I mean, they are.

Investment Expert (16:47)

They're just not valuable as such. Right, right.

Tech Industry Commentator (16:50)

Because all of them have the tech component, which is when we talk about valuation and we have this conversation in private, but like that valuable. I'm like, well, what are the, the ingredients? Like what are the things to get the highest multiple? And everybody that we talked is like, you. What's the tech component that you have in the business?

Financial Analyst (17:06)

Right.

Tech Industry Commentator (17:06)

Do you have an app? Do you have. What's the user base, what's the retention? Like all those numbers coming to matter so much. And we don't think, we just think like, hey, we're going to use the app, we're going to listen to music.

Investment Expert (17:16)

No watch time. You think future doesn't have a longer watch time than 15th best AI company? I would debate that, but they value it as a certain thing. Same thing with the classification of stocks. Everyone doesn't get tech classification. Some go into communications. I'm going consumer discretionary because it lowers what the valuation could be.

Tech Industry Commentator (17:40)

Yeah, that, that's what you said. When we think Google, we're thinking, oh, that, that's a tech stock. Right. But if you look at Spider's fund, it's not inside of xlk.

Investment Expert (17:47)

Yep.

Tech Industry Commentator (17:49)

Amazon's not inside of xlk.

Investment Expert (17:51)

It's crazy earners.

PNC Bank / Square Advertiser (17:53)

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Tech Industry Commentator (18:25)

Is seeing neighborhood businesses level up.

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PNC Bank / Square Advertiser (20:12)

What a matchup we got y'.

Financial Analyst (20:13)

All.

PNC Bank / Square Advertiser (20:14)

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Commercial Narrator (20:24)

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PNC Bank / Square Advertiser (20:25)

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Tech Industry Commentator (20:34)

Mmm.

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Commercial Narrator (20:49)

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PNC Bank / Square Advertiser (20:51)

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Podcast Host (20:58)

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Tech Industry Commentator (22:21)

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