MM #274: Stocks That Benefit From Trump, Nvidia’s Top Risk, Ozempic $2B Lawsuits, & September Market Strategy

Summary

Market Mondays #274: Stocks That Benefit From Trump, Nvidia’s Top Risk, Ozempic Lawsuits, & September Market Strategy

Date: September 2, 2025
Hosts: Troy Millings, Rashad Bilal (EYL Network), & Ian Dunlap ("The Master Investor")

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Overview

Episode 274 of Market Mondays delivers sharp strategies for investing in any market environment, with September positioning, political impacts on stocks, Nvidia’s current vulnerabilities, major lawsuits against weight loss drugs, and a vibrant Q&A. Hosts Rashad, Troy, and Ian combine actionable financial insights with candid, culturally relevant commentary—perfect for both new and seasoned investors.

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Key Discussions & Insights

1. September Market Playbook & Volatility

[10:35] Strategy for September and Beyond

• Buy Every Month: Ian advocates consistent monthly investing rather than “timing” entries; focus on execution instead of information overload.
• Reserve Funds: Troy stresses keeping reserves to buy during market pullbacks, especially with volatility expected around "quadruple witching" (options/futures expiry on Sept 19).
• Quadruple Witching: Mark your calendar for potential market swings around September 19, coinciding with possible Fed rate moves.
• Time Horizons: Pullbacks in August and September historically create five-year wealth-building opportunities.

Notable Quote:

"The biggest lesson is to be able to buy a certain amount of shares every month regardless of what the market is doing. That includes crypto." — Ian [11:31]

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2. Why Positive Black Entrepreneurship Gets Underreported

[16:53] Invest Fest Media Coverage

• Negativity Sells: Rashad and Troy discuss the lack of major media coverage for Invest Fest, despite success and positive impact, attributing it to media preference for negative or dramatic stories.
• Control Your Narrative: Black-led platforms and direct content creation are vital—don’t rely solely on legacy media for recognition or support.
• Companies like Complex are described as “black-leaning” for advertising dollars, despite lacking true ownership or diverse coverage.
• Owning powerful business assets is stressed as a counter to selective cultural gatekeeping.

Notable Quote:

"If it was a dude, they'd be promoting the sh*t out of it… It's too liberating." — Troy [17:25–18:00]
"If you’re going to do something positive, you have to be four to five times better to get the same traction as something negative." — Ian [19:53]

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3. Renting vs. Buying: The Wealth Equation

[27:19] “Bad Bunny” Real Estate Math Clip

• Redefining “Wasted Rent”: Renting can be financially savvy if you invest what would have gone into a down payment or high taxes/maintenance.
• Opportunity Cost: Don’t become “house rich, pocket poor.” Only tie up money in a home if it won’t restrict your ability to invest.
• Mental Models: You should never put more into a mortgage than you’re willing to put into appreciating assets.

Notable Quotes:

"It looks glamorous… but when I get to move around… [that’s] from good decision making." — Ian [33:15]
"You’re not going to be able to work your way to wealth… you have to invest." — Troy [34:56]

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4. Stocks Best-Positioned Under a Trump Administration

[41:48] MAG 7 Alternatives

• MAG 7 Reminder: Apple, Amazon, Alphabet, Microsoft, Nvidia, Meta, Tesla.
• Top Picks (besides MAG 7):
  • Palantir (PLTR)
  • Geo Group (private prisons, discussed for context but not endorsed)
  • Broadcom (AVGO)
  • Netflix (NFLX)
  • Visa (V)
  • Uber (UBER)
  • Oracle (ORCL)
  • AMD (AMD)
• Emphasis on relationships, political donations, and government contracts as selection criteria.
• Be agnostic about “who’s in office”; world-class companies will fund both sides.

Notable Quote:

"If you’re dependent on a presidential candidate to move your portfolio, you’ve already lost." — Ian [46:35]

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5. Nvidia’s Revenue Concentration: Top Risk?

[49:03] Tech Monopolies and Moats

• Concentration Issue: Yes, Nvidia’s top 2 clients (likely Microsoft and Meta) = 39% of revenue, but those are robust, sticky relationships.
• Nvidia’s “moat”:
  • American + global demand (including fast-growing China/AI).
  • High barriers to entry (chip manufacturing, mastery, and global licensing).
  • Product excellence and future roadmap (chips, automotive, AI, retail hardware).
• Comparison: Other great companies (e.g., Microsoft, Google in search, Amazon in retail) also had revenue taps from few customers/lines before further expansion.
• Investor Lessons: Stick to world-class sector leaders, understand where diversification is a plus or a distraction.

Notable Quotes:

"Even the most… Even Gates did it—monopoly. But to have the biggest corporations in the world as your clients, that doesn’t hurt." — Troy [55:03]
"This company is too big to fail and too excellent… to put down." — Ian [55:49]

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6. Ozempic Lawsuits & Pharma Investing Lessons

[70:04] Multi-Billion Dollar Legal Fallout

• Ozempic Litigation: Both Novo Nordisk and Eli Lilly face over $2B in lawsuits (stomach paralysis, gallbladder issues, rare blindness, etc.)
• Big Pharma’s Historic Pattern: Weight loss “miracle drugs” spike, then crash due to lawsuits and side effects, e.g., Fen-Phen.
• US vs. International Companies: Being American-owned (Lilly) gives an edge in regulatory challenges and market support.
• Opportunism vs. Responsibility: Rashad draws on the “Charlie Wilson’s War” analogy—quick wins often bring long-term costs.

Notable Quotes:

"This category [rapid weight-loss products] normally has been a disaster." — Ian [77:04]
"The money means more when you have less of it… you can’t afford to make the wrong decision." — Rashad [32:02]

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7. Audience Q&A: Practical Investment Guidance

[65:49 or later] "I Have $1,000 – Where Should I Invest?"

• Microsoft (MSFT): The single best choice for limited budgets—exposure to OpenAI, diversified revenue, low drawdown risk.
• Discouraging Penny Stocks: Focus on quality and accumulation, not chasing high share counts at cheap prices.

"Start there. Find one amazing stock… that's going to do well for a long period of time." — Ian [66:18]

Employee Stock Plans (RSU/ESPP):

• Evaluate your company's fundamentals—margin, market share, sector positioning.
• Buying employer stock at a discount is often a solid move—but know your company’s actual health.

Financial Freedom Numbers:

• "Get to $10 million, live off 3% interest… that was the blueprint." — Troy [104:26]
• Personal discipline and sustainable investing (in tech leaders) trumps all-in on entrepreneurship for most.

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8. Sector “Love, Marry, Kill” & Company Snapshots

• Media & Consumer: Meta tops all for communications; traditional broadcasters are struggling.
• Dividend stocks like Hormel Foods and Keurig Dr Pepper are left behind by tech-sector returns.
• Chinese tech (Alibaba): Too much regulatory risk vs. US companies.
• YouTube (by Google) & Instagram (by Meta/Facebook): Most impactful MAG7 acquisitions.

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Memorable Quotes & Moments

• Stress on Consistency: “The ratio of execution of buying is more important than the ratio of information that you take in.” — Ian [11:40]
• Cultural Commentary: “Negativity sells… If it were a disaster, the coverage would be everywhere.” — Rashad [17:25]
• On Investing For All: “For the first time in history…the greatest entrepreneurs on earth are saying, ‘You have to invest.’” — Ian [36:26]
• On Market Monopolies: “Tie your money to companies that are moving the GDP of the country.” — Ian [51:45]
• Financial Mindset: “You have to pick your struggle: sacrifice now or be wealthy later. All the ballers end up losing.” — Ian [34:28]
• Nvidia Employees: “80% of Nvidia’s employees are millionaires… That’s impressive.” — Troy [92:09]

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Timestamps for Major Segments

• [10:35] September’s Historical Market Moves & Buy Strategy
• [16:53] Invest Fest Coverage & Cultural Gatekeeping
• [27:19] Bad Bunny Real Estate Math—Rent vs Buy
• [41:48] Stocks That Benefit Under Trump (Outside MAG 7)
• [49:03] Nvidia’s Revenue Concentration—Is it a Risk?
• [70:04] $2B+ Ozempic Lawsuits: Pharma Investing Risks
• [65:49+] Listener Q&A: $1,000 Investment, Financial Freedom, MSFT Praise
• [108:04] "Love, Marry, Kill" Stock Round
• [114:05] Greatest MAG 7 Acquisitions Debated

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Key Takeaways

• Consistency and Resiliency: Buy top-tier stocks monthly, regardless of news/noise.
• Positive Ownership: Build independent business/media platforms; representation at the table matters.
• Financial Mindset: Prioritize quality, opportunity cost, and future freedom, not social pressure.
• Policy & Politics: Strategic government relationships shape winners—know who funds/favors whom.
• Market Leadership: Nvidia, Microsoft, and their supply chains are multi-year investments.
• Sector Rotation: Non-tech industries struggle to compete with AI and chip-driven returns.
• Education & Purpose: Investing is a tool for generational security. Money alone isn’t the goal—freedom and purpose matter.

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For More:
VIP webinars, replays, join the Red Panda Stock Club, and follow EYL for continued education.

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“The starting pitcher is still on the mound—and that’s Nvidia.” — Troy [61:45]

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If you’re starting out:

• Start with Microsoft or similar blue-chip leaders
• Invest periodically, buy on dips, and focus on education as much as returns
• Don’t chase trends—pick “the 10 companies that move the economy”
• Keep building, keep learning, and keep your vision for freedom clear

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Next Episodes:
Look forward to Blackout (with Joey Bada$$), VIP classes, and updates on the September market, artificial intelligence shifts, and more actionable investment discussions!

Transcript

[Troy]

Earners. What's up? You ever walk into a small business and everything just works like the checkout is fast, the receipts are digital, tipping is a breeze, and you're out the door before the line even builds. Odds are they're using Square. We love supporting businesses that run on Square because it just feels seamless. Whether it's a local coffee shop, a vendor at a pop up market, or even one of our merch partners, Square makes it easier easy for them to take payments, manage inventory, and run their business with confidence, all from one simple system. If you're a business owner or even just thinking about launching something soon, Square is hands down one of the best tools out there to help you start, run and grow. It's not just about payments, it's about giving you time back so you can focus on what matters most. Ready to see how Square can transform your business? Visit square.comgoeyl to learn more. That's square.comgoeyl don't wait, don't hesitate. Let Square handle the backend so you can keep pushing your vision forward. This episode is brought to you by PNC Bank. A lot of people think podcasts about work are boring. And sure, they definitely can be. But understanding a professional's routine shows us how they achieve their success little by little, day after day. It's like banking with PNC Bank. It might seem boring to save, plan and make calculated decisions with your bank, but keeping your money boring is what helps you live a more happily fulfilled life. PNC bank, Brilliantly boring since 1865 Brilliantly boring since 1865 is a service mark of the PNC Financial Service Group, Inc. PNC Bank national association member, fdic. Yeah, yeah, we back. Yeah, you know that market closed, but you know, you know, it was open market Monday is always open another Monday. September's here. Happy September 1st, y' all blessed. Happy to be here with y'.

[Ian]

All.

[Troy]

It was crazy. The whole weekend I'm thinking about, damn, man, just a week ago we was touching that stage. I know you get them, the Invest Fest withdrawals, man, for sure.

[Ian]

Not the stress of the prep, but the actual being there.

[Troy]

Oh, yeah, man, it's like, damn, we was just there. The reunion was just last week. So blessed to be here. Beautiful in New York, man. Weather's been beautiful. I know you said you got some rain out in Houston, man. Anything good out there?

[Ian]

Yeah, I know. I'm crying because I'm still not New York. It's gonna expire. You know me. I'm like, damn, I have to come Back. Xander start to go to bed. I know you watching.

[Troy]

Ian has started the new season with the Drip. He back. He backball.

[Ian]

Season's return. Hope he's home. All of it back.

[Troy]

He back, man.

[Ian]

Elevated taste.

[Troy]

That's a fact. That's a fact.

[Rashad]

Yes, sir. So, yeah, we back. We alive this. This episode. So we could probably answer some questions. Labor Day. Happy Labor Day. If you observe it. Yeah. Every day is a Labor Day.

[Troy]

Always respect.

[Rashad]

You know that.

[Troy]

Shout out to my West Indian family representing out on the parkway today. Shout out to all y'. All. Went there peacefully enjoyed themselves represented. They did.

[Rashad]

Yes.

[Troy]

Damn, I thought we was gonna have one. Just one. That was late revelation that was on the news. Damn.

[Ian]

Well, I'll take it back.

[Rashad]

Damn.

[Troy]

We can't get one. All right, well, happy Labor Day.

[Rashad]

It's unfortunate.

[Troy]

It is. It really is. It really is. They said two people. Oh, my God.

[Ian]

Damn.

[Troy]

I ain't watching news at 4:00'. Clock. We was good. Now we're not. All right.

[Rashad]

Yeah. So blessing and prayers.

[Ian]

For real.

[Troy]

Yeah.

[Rashad]

Well, okay.

[Troy]

All right.

[Rashad]

Okay.

[Ian]

It's lightning Move, guys.

[Troy]

Great. Yo, shout out to the whole JP podcast. Joe Button, 45th birthday. Happy birthday, my guy. Restaurant was amazing. Food was amazing. Vibes was there. R B was playing, hip hop was playing. The guys were there. Bearded debates, spirited debates all night.

[Ian]

Come on, bro. He like, you only had me on the show 30 minutes. I'm like, bro, you gotta stop.

[Troy]

You gotta stop this. We love you, bro. You gotta stop.

[Rashad]

That's a fact. Okay, so this week we have blackout at 10 o' clock Eastern Standard Time. Joey Badass will be only supposed to be on last week, but you know, scheduling conflict, so. But he will be on this week, God willing. So we got Joey Badass on Blackout on Wednesday, and then we got a pink, pink print firm on Earn your leisure on Thursday at 6 o'. Clock. So, you know, we. We back, man. You know, I've been seeing on Tick Tock that they got this new thing called the Great Hibernation. You seen that?

[Ian]

Yeah.

[Rashad]

From September 1st back in that mode to December 31st, some people say to February 28th or the great lock in. Yeah.

[Troy]

Oh, I did see something.

[Rashad]

So, you know, it's one of those things you got to focus. You gotta. You gotta, you know, get your bread right. Focused. This is, this is the time so to lock in.

[Troy]

I see my man. I saw somebody put up a post like, when weren't we locked in this year? Man's been grinding since January.

[Ian]

Big facts everywhere.

[Rashad]

Know that. So you Know, we. We back at it. Salute to all the kids that's going back to school.

[Troy]

Yeah, man.

[Rashad]

This week in New York and all over the Northeast.

[Troy]

Shout out to all the teachers, all the administrators, all the faculty, paraprofessionals, food staff, bus drivers. All y', all, man. Y' all are some of the most important people in this world.

[Ian]

So all the parents and Carline. Well, I said I need a VIP Express lane. What? What I gotta donate? Let me get right to the front.

[Troy]

Shout out to the parents. Shout out to the parents too, man. It's. It's definitely a time something. I mean, it's here. School. School's back, man. Yeah. So shout out to everybody. Ninth grade for Nas Jordan starting ninth grade. They both in high school this year, which is crazy.

[Ian]

Crying, bro.

[Troy]

It is. It is. My little guy starting sixth grade, so that's crazy. Happy birthday to my nephew. He's officially a teenager this week. Cam. What's up, my boy? Happy birthday.

[Ian]

Happy belated. To MG the mortgage guy.

[Troy]

Love you. Dealing. Yeah. MG shares a birthday with his daughters. Shout out to MG and. And his whole crew. His daughter's birthday is on the same day as his, and I think Brooks is the day after.

[Rashad]

No, same day.

[Troy]

No, he got both his daughters. He got.

[Rashad]

So I think both his daughters on the same day.

[Troy]

The same day.

[Rashad]

Yeah. So he has his birthday and his. His oldest and youngest daughter have the same. They all have the same birthday.

[Troy]

Crazy.

[Rashad]

That's.

[Troy]

You know, have a party.

[Rashad]

I don't even know how that happens. How does that happen?

[Ian]

Crystal ball. Magical timing.

[Troy]

Timing, timing. It's all in the time, all the.

[Ian]

Time in the market.

[Troy]

It's all of the timing. It's all the time.

[Rashad]

That's crazy.

[Ian]

For real.

[Rashad]

Having the same birthday as two of your kids and they're not. And they're not twins.

[Ian]

That's different.

[Troy]

No, Some years apart. Like 10 years apart.

[Ian]

Yeah.

[Rashad]

That's. That's ridiculous.

[Troy]

Shout out to MG that's crazy.

[Ian]

That's played the lotto. My guy.

[Troy]

Shout out to Tone. Tony. Shout out to you for sure. Yeah. Yeah.

[Rashad]

All right. Ian. Any. Any announcements?

[Ian]

Prayers to fat man. School and his family's been one year since he passed. My brother. Love you dearly to the family. Love you dearly. Had a great time with y' all this weekend. Power and collaboration. Power and friendship. Last of the Mohicans. And to everyone who joined. Stock club sale. Amazing call today at 3pm Central. The replay will be out tomorrow at 3pm Central on Tuesday. If I've made you money, please Put yes in chat. If you love the call today, please put yes in chat. Love y' all dearly. No more sales this year. So if you want to be a part of the family and make money on demand, regardless of who's in office or what's going on with interest rates or the Fed people getting fired, go to Ian invest.com and be a part of the Red Panda stock club. And the slides from Invest Fest, which you guys wanted, are in Telegram. Next week, I'll start breaking down the slides individually and add more content there so I can show some more secrets and tips to how to navigate the market. And I love you. I'll see all that blackout this Wednesday. They got an amazing episode. Thursday, we outside. Friday, hibernation mode. We're back in that mode.

[Rashad]

Somebody said, how come Cameron has never been on? You know, I never met Cam. I don't. I don't know Cam. I ran into Mace the other day.

[Ian]

In Atlanta, but I never.

[Rashad]

I never met Cameron before. One of the few people from New York City that we have not met.

[Ian]

Nope.

[Rashad]

He's one of the very few, actually.

[Ian]

Somebody messaged killer there and.

[Troy]

Yeah. Set it up.

[Rashad]

Never met.

[Troy]

Yeah, we. We tried. We tried to. Just the scheduling. We never met him, but we had some people working on it and scheduling just didn't work out. But, yeah, we've been rocking since. Yeah, we met 96 in entertainment.

[Rashad]

Somebody said, what about Jay? Yeah, we definitely met Jay. That was the whole story within itself. We told that story before.

[Troy]

Yes. Well documented.

[Rashad]

Okay, let's get into this.

[Troy]

Let's do this firsthand. Let's do this first. You know how this works, man. Do your own research. This is our disclaimer. Y', all. All y' all out there. Our content is intended to be used. It must be used for informational purposes only. It's very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise. This is a message brought to you by the good brothers at Earning Leisure and the good brother Ian Dunlap, the master investor himself, Red Panda family aficionado. Yeah. Continue to share the research, man. When it's good. Give credit to the people you heard it from. Let's build wealth. Let's build community. Let's build our bank accounts. Let's do it.

[Rashad]

So. So let's talk about. Okay. What is the market advice for September? Based off of historical data, by September.

[Ian]

We'Re gonna make everything real simple. We'll need all the complicated answers when the market moves three and a half standard deviations. No, if the market drops in August and September, we're going to buy in August and September. Rashad, guess what? On the months when it's up in April and January, what we're going to do, we're going to buy in April and January, put in chat. We're going to buy every month. We are going to buy every single month. Now, if we have a dip, which we had a little bit of pullback, some people were worried about bitcoin. You shouldn't be. But the biggest lesson is to be able to buy a certain amount of shares every month regardless of what the market is doing. That includes crypto. We're hovering at like 109 or some change. We should hit 107 or 106 on Bitcoin. But the key is to buy every month. And also the ratio of execution of buying is more important than the ratio of information that you take in. It's great to know all the information in the world, but some of the people I've seen have the biggest returns and the most amount of shares. They just buy and don't look at all the information and say, okay, I know these are the four I'm going to invest in. Like I was talking earlier, if you're media, Microsoft, Nvidia, Netflix, Google are the only four you need in media. Well, what about Paramount, Extra Plus? Not an equation. Disney, Love Disney, the corporation. Shout out to everybody on the executive board, yada, yada. But those are the big four. Make it simple. Buy every month. And if we have a great pullback in September, it's your time to execute.

[Troy]

Yeah, I, I figured you was gonna go that route. I had buys, but I switched mines up. I put have reserves. Right. So make sure. I know people invest in every month, but make sure you have money to invest. And so having reserves is important. We talked about the interest rates and we'll know about that in the next couple weeks.

[Ian]

Yeah, in this month.

[Troy]

But I think something that gets looked over, especially in the futures market, definitely in the options market, is quadruple witching, which is going to happen this month. So it happens in the third month of each quarter, the third quarter week. So September 19, circle that on your calendar. Circle on your calendars. That is an expiration date where all simultaneously will expire. So the options markets will have expiration dates. On that date. Futures markets, ETF indexes, they all have it around that time. And what you'll see is people will sell to take profits. All right? So you're going to see sometimes a downtrend or a nice correction or a pullback around that time. But that's all part of the game, right, in this to make money. And so when people make money and they take profits, this is what happens. And so circle that day, September 19th, around that week, you might see some volatility. And that will happen at the same time, presumably when we'll know about the interest rate hike or, you know, maybe not a hike. So it should be an interesting time. There will be some volatility here, but have some reserves in the event either way, because like you said, this is. You want to make sure that you're getting at the right price, which is why you're inside a stock club. But you want to make sure that you're getting it for the long term so you can get some really generational prices and keep them for the long term. So have reserves. That would be my Two words.

[Ian]

Yeah. Spy gets back to 6, 38, 45. That's the area I would like to potentially enter. And then also with quiet witching coming up, you want to be out three or four days before the expiration. You don't want to hold them into that actual date. And I know sometimes it can be fearful to hold for a long period of time, but when everyone says, I want to buy the dip. From a mathematical standpoint, September and August will give you those entries. If you're looking to hold for a long term, five years, like, you won't even remember any drawdowns or pullbacks that you have. But September is a. Definitely a great time, especially going into the fourth quarter and into the Christmas rally.

[Troy]

Yeah.

[Ian]

And into January. You're going to be okay. Hope for the long term.

[Troy]

Yeah. So anybody that's been with us and watching some of these contracts tomorrow, I would have did it today if the market was open. But tomorrow I'm gonna have to, you know, exercise some of these contracts. I'm probably not gonna exercise them to. To add more shares. We'll probably take capital and reinvest. So either we're gonna do that. I know we're doing something special for our VIPs. I'm actually gonna probably show that during the class so people can see what it looks like to sell an options contract.

[Ian]

Oh, can we announce that?

[Rashad]

Yeah. Is it too late to add a video to this?

[Troy]

No, I can do It.

[Rashad]

Can you add the video please? I just wanted, I wanted to show that as part of the segment. Okay, so for Invest Fest everybody that had a VIP ticket, one of the things that we talked about is that post Invest Fest we're going to do four webinars on four different topics. The first topic is investing stocks. So myself, Troy and Ian will be doing a stock webinar for the invest fest VIP people. And that is 7:30 on Wednesday. Check your emails if you, if you haven't, if you had an Invest Fest VIP ticket, check your emails. This Wednesday at 7:30 we're going to be doing a zoom call and like I said, that's post Invest Fest benefits of, of having a VIP ticket and man, Invest Fest, so legendary. Speaking of Invest Fest, I think we definitely got to talk about this young thug situation on Blackout because there's some, there's some teachable moments in there. But my question is, you know, obviously that made a lot of news and that's trending and you know, every time Chris Brown does a show that that trends on, on all of our cultural blogs and sites. Why do you think Invest Fest, which you know had 25,000 people there and for all accounts, you know, hit hit it out the park on every angle. Why do you think the. The coverage of that has been lackluster to say the least from blogs?

[Ian]

Two reasons, negativity, sales and media, especially when the entrepreneurs are black facing. And two, the other part that the audience may not see. Some people don't want to promote the brand of Invest Fest or us because they can't find a way to get a royalty and perpetuity out of it. So they'll gatekeep from the culture because they can't financially profit from it. If it was a dude they'd be promoting the out of it.

[Rashad]

If somebody got hurt. If something crazy happened, it would be front page on every single situation. Yeah, 25000 people come. There's no incident at all. Not one. And 250000 was given away to, to two business owners. Thousands of people made a bunch of money inside of in the marketplace. And Magic Johnson gave a legendary performance on stage and prayer after 19 keys and Issa Rae and Charlemagne and Steve Harvey. It's just. It's not, it's not. That's not a normal thing. That's not. That doesn't happen every day.

[Troy]

Somebody said that it's too positive. It's bigger than being too positive. I think it's too liberating. Right. Like anything that's liberating. It almost feels like it's a threat to the establishment. And so it's the same reason why you ask the question, why didn't we learn financial literacy in school? Well, you weren't supposed to, because that's too liberating. Right. So the same way that Invest Fest is liberating thousands of people, if not millions at this point, from watching this show and all the things that we've done, obviously Market Mondays, Burning Legion, that entire umbrella is liberating. You know, when people used to say, yo, y' all are a threat to, to the establishment, it was like, hey, hold on, we just doing what God has called us to do. But when you start to see, like, the people who look like you are uncovering it, they're caught in the matrix too. Right. So they, they're complicit in it. So the only thing is to continue to do what you're supposed to do.

[Ian]

Maybe they had a tight deadline for reporting. They had to take advantage of the weekend that was available before Labor Day.

[Troy]

Continue walking to the light, man.

[Rashad]

Like this happened before with New York Times. Hollywood Reporter comes, they interview Charlemagne, and the headline is Charlemagne talks about Democrats. That has nothing to do with Invest Fest at all. So why would you even come? Why would you even come if you had. You had an event with 25, 000 people, Jack Dorsey, and you write a report about Charlemagne's opinion on the Democrats.

[Troy]

Yeah.

[Ian]

Which the Democrats kind of need to listen to.

[Troy]

Yeah. Well, I mean, it's the same blueprint that they ran last, last year with the Wall Street Journal when they came and covered and asked.

[Rashad]

New York Times.

[Troy]

New York Times, and my apologies. New York Times came and talked about the election. Nothing to do about the thousands of people who were actually attending the, the 400 businesses that were in the marketplace, the Food Truck Village, the entrepreneurs that got ideas and got funding and network throughout the course of three days. No violence. Right. None of that was covered, but they wanted to understand who was the voting population inside of the convention center.

[Ian]

It's a great study for entrepreneurs, though. If you're going to do something positive leaning, you have to be four to five times better to get the same kind of traction you would if it was a negative event or correspondence at the event. Reminds me of the Steve Martin quote of Be so good they can't ignore you.

[Rashad]

But then also it's good to have your own platform, you can control your own narrative. So for sure, you know, we, fortunately for us, we're not reliant because you know, there's a lot of events. Let's take an event like let's say Curl Fest, right? And they had to shut their event down because they didn't get the corporate sponsorship. But they don't have an ongoing platform. So they can't create their own narrative if they don't get, if they don't get positive press, they don't get press at all. So you know, fortunately for us, even if nobody covers it, we can cover it ourselves and it can still reach millions of people. But like I said, there's a lot of events. You have Broccoli City, you got Curl Fest, you got even Essence. On a certain level, you know, their media is not as strong as it used to be. There's a lot of events. So when you see things like Complex and they cover everything that Kasana does, I'm proud of him, I really am. But what does that tell you? They're selective in what they're covering as far as cultural relevance is concerned. Because if Coachella happens then they gonna cover it non stop before happens. They're gonna cover it non stop but they're gonna never go and miss what I show speed is doing. They never gonna miss what Kai Sonata is doing. So if this is a, is this, this is a media company that is categorized as, as a black company even though that they're not a black company. Black leaning. So this is when this goes back to the Kamala Harris thing. When the Democrats had all this money complex was the number one person that they number one company that they paid for. Black media complex got the most money for Black media complex. Not owned by a black person. But what does that tell you? They said that they, they're black leaning. What does that mean?

[Ian]

They own black assets.

[Rashad]

But what, what are they covering that's black? What type of black content are they covering?

[Ian]

Non inspirational or aspirational content that no it's deployed to black audiences.

[Troy]

Nice. Sports and entertainment. We could just say that it is, it's sports and entertainment because that's what we over indexing.

[Ian]

But for entrepreneurs, it's a case study. Gotta factor in be being four to five times greater to get the same return if he was doing something negative. So we'll start planning for next year. I'll come in on a velociraptor next year. Well, I shall speak barking on the other side of the stage. Hey, you know.

[Rashad]

So okay, invest fest VIP people, 7:30 on Wednesday. We're going to do a zoom for you guys and then we're going to Do a couple other zooms following, a couple weeks following. So watch out for your email. Tune into that if you can make it and get your tickets to Invest Fest 2026 that 50 off generation for the week.

[Troy]

Yeah.

[Rashad]

Okay.

[Ian]

And if we get the praise from the people, Charlemagne said this. You can either be of the people of the industry if we get the price.

[Rashad]

And thank you to everybody that did cover it, because ESSENCE did cover it.

[Troy]

Forbes is there.

[Rashad]

Forbes is there. Yep, there's a few people that covered it. So, you know, we do appreciate everybody that did come. And most importantly, a lot of content creators were there for sure.

[Troy]

I was gonna say independent people. Revolt. Shout out to revolt.

[Ian]

Revolt.

[Troy]

Our revolt team and family over there.

[Rashad]

Yeah, you gotta, you gotta be thankful for the allies that you have, but you can never be complacent. This is a money conversation because like I said, when they, when they start, when they decide to divvy up dollars, this is not $500 million. That's, that's the budgets for the Democrats last year. We didn't get him money. So you give him. So that's what I'm saying. It's not. The DEI conversation is just, it's real nuanced like you, you give him money to. You can't be a black. You can't be stamped black if it's not black owned. Can't have a. It's not a black event if it's not black owned. Equity is very important. So that's what they tell you. It doesn't matter. I remember 19 Keys act, the CEO of BET, and he said, it doesn't matter if it's black owned or not. How, how, how, how is that possible? How is Black Entertainment Television doesn't matter if it's owned by black people. It doesn't matter. But nobody else will tell you that. Al Jazeera, they're not going to tell you. Oh, it doesn't matter that it's not owned by Arrow. They're not going to tell you that.

[Ian]

And that's why I said on stage, what asset are we going to invest in collectively where our numbers are so strong that none of those games can be played? It matters. That's strength in numbers for sure.

[Troy]

Yeah, I mean, the BET thing is crazy, right? So like we talked about it last week, well, maybe a couple of weeks ago. And in terms of ownership, right, so like that's owned by Viacom. And then it was up for sale and it was trying to figure out there was rumors that Tyler Perry might do it. I know Puff at the time was trying to figure out how he could do it. And they were trying to figure out, how do we get it back? Well, three weeks ago, Dave Ellison said, ah, we got it. Look, look, you guys can figure it out. I'll take it from here.

[Rashad]

Puff was trying. Diddy was trying to buy bt.

[Troy]

That's what I said. He was part of that group. And they couldn't figure out how to do it right. I want to do it my way. You do it your way. Maybe we can come together and do it. And now they said, no, we're good. We have it. David Ellison, multi billionaire, son of Larry Ellison, the second richest man in the world. They said, all right, well, we'll control it. We got it from here. Thanks.

[Ian]

Politics as usual.

[Troy]

Politics as usual. Y' all can't figure out we got it. Nobody owns us, though.

[Ian]

Okay.

[Rashad]

Can we play this clip, please?

[Troy]

Do it. Let's do it. Let me get the file, because I knew it was gonna open once I said it was ready.

[Ad Host]

Bunny rent an apartment like he is, worth over $50 million. Shouldn't he have just bought the place? Well, I'm Mrs. Dow Jones is millennial finance expertise. And let's run the numbers on why hot guys with millions of dollars still choose to rent. So Bad Bunny's rental cost a very casual $150,000 a month, aka $1.8 million a year. Which is so bad, right? Because real estate is such a good investment, and he should be building equity in a property instead of just throwing that money away. Well, not exactly. If Bad Buddy did want to buy this 15 million dollar apartment, he'd need to put 20% down. So 3. $3 million just to start, then added 1.4 million a year in taxes and common charges. But if he invested that $3 million down payment instead and put that $1.4 million to the market, too, and got an 8% return, which is average, in 30 years, that money could grow to $188 billion. Is that apartment going to grow to $180 million in 30 years? There is no way. So, yeah, from a strictly financial standpoint, renting and investing, the difference makes you come out ahead, which is why rich people rent, too. And it should just be destigmatized. Like, they're not throwing money away. They're just putting their money to work somewhere else where they can get a higher return. And if you're wondering if you should rent or buy, comment. Rent for my free rent first by calculator, so you can run the numbers instead of just following this outdated advice. Follow for more and stay rich.

[Troy]

Okay, Rich, my friends shout out to.

[Rashad]

Her name is Miss, Miss Miss Dow Jones. Yeah, I thought that was interesting because it talks about obviously the real estate aspect, but it talks about investing alternative, what it will potentially grow to and 8%. I mean that's what historically has been standard, but for the last 20 years or so it's been higher than 8% as far as like what you could probably expect. Controversial in many regards, but I do think that that was something that was articulated very well and it's not talked about enough. Yes, yes, yes.

[Ian]

Doesn't mean that investing in a home is a bad thing. We're not saying that. But if it's not an area, which he does have properties in Puerto Rico and has another one in LA and some other places, if you're not going to stay there for a long period of time, renting is not a bad idea. And that's the game inside of the game where how you layer which places to stay or invest in rent versus own. No different than which stocks you're going to hold long term versus have options on. So it's not one or another. I know Grant Cardone got a lot of flack about this a couple years ago, but it's not always a bad thing to rent, especially if you don't see yourself being there for a long period of time.

[Troy]

And if you have assets, right? If you're talking about having alternative assets, then it makes sense, right? You're having your capital, your money is making money, right? Or you're turning what you're bringing in to make additional money. And so that's the part that gets left out, right? Like she said, if he takes that and invested in whatever asset it is and it appreciates, then that's going to grow into a number that is going to be astronomical. And so yeah, having the assets is important. But yeah, there's stigma obviously when people think, oh, I gotta buy, I gotta buy or I should read, I should have read. Nah, you should figure out what works best for you. But you should have investment tools at your disposal.

[Ian]

Sure.

[Troy]

We talked about that clip last weekend. It was on Blackout. I think it's one of the most important clips when Vlad was talking about the only way to combat the job market in the next 10 years is to invest. It's the only thing.

[Ian]

There's no other way around.

[Troy]

There's no other option, bro. There's no other option. Market monies couldn't happen at a better time. Earning leisure couldn't happen at a better time. There's no excuse why you're not doing it. It couldn't happen at a better time. Like this is sometime how God works. You have to invest straight up, man.

[Ian]

I was just telling them on Stock Club a couple hours ago, same thing. Like even Coinbase not adding futures. The writings on the wall, like if you do not know how to invest in trade. And also even like let's take Bad Bunny. The multiple that he's going to get on a residency is his Nvidia. So he's fine if he has one place where he rents. But you have to find out how your business is going to end up being an anomaly for you or you're going to get left behind. And all the great entrepreneurs know how to. We talked about Tristan at Bevel. Tristan was a futures trader. Like you have to know how to invest some money into the market and have it work for you.

[Troy]

Yeah. When I listen to the clip, it just dawned on me how brilliant the idea of him making it something that was friendly and user friendly and almost again he got criticized for making it gamified, which there is some, some cons to that. But it brought in larger audience for.

[Ian]

This moment and that's why they hated him. It's an easy onboard for us and our grandparents and opposed to other platforms who we all love dearly. And you guys are the greatest thing to walk earth.

[Rashad]

Somebody, somebody said you talk to people that don't have Bad Bunny money. Everybody needs a home. So, all right, so a few things because I know that there's going to be a YouTuber somewhere that's going to say we're irresponsible for telling people to buy homes. Never told anybody not to buy a home. I said that you should be intelligent before buying a home. You should have a high level of education before buying a home.

[Ian]

So.

[Rashad]

So a talk to your tax advisor. Everybody's personal situation is different. Da da da da. Okay, we. The disclaimer. Everybody's intelligent to understand that. But there's a thing called opportunity cost. So they said, okay, Bad Bunny would have to put $5 million down and pay a million dollars a year. So you can do that for any level. You can say, okay, I gotta put $200,000 down and I gotta pay $10,000 a year. Now what's your opportunity cost if you invested $200,000 and you invested the $10,000 a year that you would have paid in taxes? Because also keep in mind if you do into your business name, it can be a write Off. So when you're saying, okay, well that only, that only applies to rich people. That's not true.

[Ian]

That's not true.

[Rashad]

But, but if you, if you're going to just rent an apartment and then just go to starlets with that money, then yeah, you, you're up, you, you're wasting your opportunity cost because you're not investing what the theory is that with the money that you would have put down on the house, the money that you would have put for maintenance on the house, the money that you would have put for taxes, that's going to investments. That's not saying that just live in an apartment, rent an apartment and then you have money and then you just want to just, you know, do whatever, go to Vegas and just, you know, put it on, on your favorite money line for the Rams. No, that's not responsible. So it is very much so is a conversation. It's actually even probably more relevant to people that's not extremely rich because the money means more. The money, a hundred thousand dollars to the average person is going to mean more than $5 million to Bad Bunny, right? That's just a fact. So it's gonna. So every, every dollar that you make, you got to make sure that you're making the right decision. Because you can't afford to make the wrong decision sometimes in life you can afford to make the wrong decision. Be like, yo, damn, I die a million dollars, whatever, I'm gonna get that back. But no, you make the wrong decision sometimes in life. Ain't no, there's no coming back.

[Ian]

There's no coming back. It's not coming back and controversial take, but in terms of reward ratio and back to opportunity cost, you should not be putting more into a mortgage for a property that you don't fully own than you do into the market. When people give pushback on it, I'm, I'm a prime example of it. Regardless of whatever wealth. I stayed in a two bedroom condo six, seven years. I know people that have seven and eight thousand dollar mortgages and will put three hundred dollars into the market and they always tell me, damn, I should have did it your way. It does not make sense to be house rich and pocket poor. Makes no sense at all. It looks glamorous. But when I get to move it around and you see me, Troy and Rashad, we just look stressed free and all that. That's from good decision making. Even my friends like, yo, you could have done. Yes, I could have went and bought that. But it's shot to Xander, I love you Dealing. It feels better to have his college paid for at six years old and he's 10 now. And if I would want to take off three years of work, I can do so because I put the money into the market to work for me.

[Troy]

That's a fact.

[Ian]

Pass that money away. If my family needs anything, it ain't a question, go ahead. I don't care what it is. My dad won a pterodactyl for next Invest Fest. What is attached to whatever you got, you got. You pick your struggle though. You have to pick your. You have to either sacrifice being wealthy later or balling now. All the ballers are spending money. They end up losing that it's not worth it.

[Troy]

That's a guarantee. That's why I said you're not going to be able to. And this is coming from a person that was nine to five. You're not going to be able to work way to wealth. It's just not, it's just not can't do possible. Don't matter how many jobs you got, you're not going to be able to work your way to wealth. You have to invest. It's, I mean that is the, the message that I'm sending to every student, every young adult, every adult. Listen to this man speak about how important investing is to now and the future, especially in the, in the terms of AI and the job replacement and the efficiency that is about to happen. Right. There was just a study, a Harvard study that said 13 of of college graduates can't find a job because it's been replaced wider. That's 20, 25. That number is only going to increase. You have to figure out alternative ways to make money legally and investing is at the paramount of that. So you have to have your money make money. I don't care how much money you have.

[Ian]

It has to make money.

[Rashad]

And, and here's, and this is. Okay, let's, let's, let's cause some Internet nonsense reaction videos. Vesting in stocks is a better investment. Investing in real estate.

[Ian]

Well, a thousand percent combination if you can do both. Great. Warren Buffett said it and, and lived it.

[Rashad]

If you have a million dollars you invested in stocks, 95 of the time you're going, you're going to make more money than if you, if you invested it in real estate.

[Ian]

Especially if you listen to me. If I made you money, please put yes in chat for what. Listen and think about this. If you black and brown. Listen up. Turn, turn the speakers up real loud. For the first time in history you have the greatest Entrepreneurs on the face of the earth who are white telling black and brown people yo, you got to invest. Before they didn't even want us to have a seat at the table. Now it's like no, pull up here. Have some, have some water. Vlad, Sam Altman, Jeff Bezos, everybody at Scale is on TV every week saying if you don't invest I don't know what the economy is going to look like. They're saying AI right now is responsible for 13 of layoffs and could be 26 by 2027. That's not the magic. Just told you you got three years.

[Troy]

You got three.

[Ian]

We've been telling years, bro. So if he's telling you three, that's to adjust for the median. The real 17 months.

[Troy]

Yeah. And here's the reality. The things that we see and we have privy to get information about. We can't say it all but like yo, I'm telling you like the United.

[Ian]

States government bought a percentage into intel and said last week they may do it with Palantir. Yeah.

[Troy]

Amongst other companies. Amongst other companies as well, bro. Like, and you only that's the crazy part. Like you are the people that they talk about in that 10 like that's your money. So if they doing it hello so.

[Ian]

And not hiding it.

[Rashad]

So just, just be mindful. Like I said, investing in real estate definitely can be helpful and beneficial. I personally have invested in real estate. I believe in real estate. I just think that a lot of times people make bad decision when it comes to real estate. Buy homes that you can afford. Don't overextend yourself. Understand that a mortgage benefits the bank more than anybody else. Understand opportunity cost can't come back once it's gone. And you know, just think that's the point. The matrix try to make you not think everybody just want to do the same thing. If you're a free thinker then you're. You're labeled as somebody that's a misfit or a destructionist. Just think you don't have to Every, every shoe doesn't fit every single foot right. What never failed it. Never feel ashamed because of society's standard is telling you to do something. Your goal is to get to what your number is. If your number's a million, that's your number. 5,000,010. However you do it, I don't care how you do it. You can live in a one bedroom apartment if you, if you get to 10 million, you won.

[Ian]

Hello. Hello. And then for those of you who have money, the battle between should I get a Large house to celebrate or a modest house, which everyone allows you the most. Freedom where your money is not stretched too thin.

[Troy]

Yeah. Be strategic. Be organized at all times. At all times.

[Rashad]

Okay. Oh, September 21st, we're doing and I'm hosting an NIL panel in conjunction with African American men of Westchester. So this is in Westchester County, New York. This is for elite level athletes. High school. It's, it's free. It's a free event. And it's September 21st. So if you are a coach or you have a son or a daughter that is in high school, getting ready to go to college is nil. You know, potentially Nils in their future. I put together the whole panel. I have a, a NFL agent, I have the head of NIL of Boston College, and I have one of the top entertainment lawyers in America and we have a financial advisor as well. Refreshments will be provided in Westchester County, Westchester Community College on September 21st. That's a Sunday. Go to the link in my bio. You can rsvp. Like I said, it's free, but it's really designed for people that's high level or, you know, on that trajectory to potentially get nil deals in the future.

[Ian]

I love that.

[Rashad]

So tri state area, New Jersey, Connecticut, New York, Pennsylvania. I mean, I don't care where you come from, but you know, tri state area, obviously that's, that's, that's, that's, that's.

[Troy]

What it's on team. That's home cooking. What time? Time to start?

[Rashad]

2 o'? Clock. 2 to 5. Okay, aside from the Mag 7, which five companies do you believe are best positioned to thrive under a Trump administration, given his pro America stance?

[Troy]

All right, let me just. Before you start, Ian, let me give for the people who are not in the know the Mag 7 because they might forget a few of them. Let's start with the A's. You got Apple, you got Amazon, you got Alphabet, you got Microsoft, you got Nvidia, you got Meta and Tesla. Those are your seven. Outside of those, where we going? I'm gonna, I'm trying to name five different ones than you name. So go.

[Ian]

Well, I talked about this on stage last week at Invest Fest. I'll give you guys a prompt act as a world class investor based on political donation, ties to the family and acceptance in the Republican Party, which companies have the highest probability of thriving underneath the Trump administration? That's for game. So I'll go through the list though. We talked about them already. Top of Rashad went off for two hours. When we on blackout about this but Palantir Geo Group who I will not invest in as a black person. Tesla was in there. Nvidia gotta. It's not talked about enough but Saudi Aramo is definitely in favor. And then the other list that is not talked about is the companies you should stay away from or should potentially short. And that's. That's pretty much all the pharma that is getting attacked. We'll talk about the 2 billion dollar lawsuit with no novo but all the health and food companies that Robert F. Kennedy is going to attack and because they have a tight affinity. Those are not ones you should look to invest in. Palantir Tesla was one.

[Troy]

No, we can't put no Tesla. No Tesla's in the seven.

[Ian]

Okay. Palantir Geo Group.

[Troy]

Yep.

[Ian]

Is blackrock and it was technically not. Even though they're the owners of BlackRock. It's not Rocket science of the ones that he's already. Because the ones that he likes. You can add AMD to that list now because there are back in fashion with the administration. Those are the ones I would invest in but as I talked about last Sunday 10 stocks are responsible since 1989 through 2025 for 82% of the returns in the market. It's really none to invest. I know we always want to find a diamond in the rough. Pick up the VVS8 karat diamond that's right here. You don't need to hunt I think for anything else outside of the ones that are going to do good because regardless of who was in office they're going to fund both sides. And that's the other part of business that's not talked about as funding both sides of the war is the ultimate hedge. Regardless of who in office Nvidia is going to be in favor with. Microsoft is going to be in favor with a Palantir Geo Group who I want to invest in. No are the main ones. What about you Troy?

[Troy]

I'm not gonna put any of the Max 7. I'm gonna start off with Broadcom for.

[Ian]

Sure because that's your pick. That's why I didn't say it.

[Troy]

Yeah. Yeah. So I mean obviously it's adjacent. I've been talking about broke on for probably three or four years now. Shot 30 by this main investment in it. They got their earnings call this. This Thursday I believe so that should be interesting. A lot of us and some. Some deep calls in them. Netflix which we've been talking about for the past two years for sure or more. It doesn't even matter whose administration in Terms of what they got going on, they got a big month ahead of them in terms of user growth. In terms of that Crawford Canelo fight. I know they're doing the Tank Paul fight. So just in live sports they're expanding. I'm. I added Visa as in my, in.

[Ian]

My five we talked about the even one funding both sides of the war.

[Troy]

Exactly. And when you talk about the growth of Bitcoin, we talk about stable coins. When you look at the position from a global processor, Visa is at the forefront of it. We travel a lot of countries and I'll tell you what is accepted everywhere and that is Visa. So that's three I got, I have Palantir, but I'll replace it because you said it. I'll put Uber there.

[Ian]

Uber is definitely a relationship and they're.

[Troy]

Doing a great job and they got some stuff that, that will be happening in the future. And this is my dark horse, but it really shouldn't be. I talked about the second wealthiest man in the world, Larry Ellison. I have Oracle. When we talk about make America great and we talk about American companies, what they are doing inside of the AI space in terms of cloud compute quietly, they haven't taken a lion's share, but they've cracked a dent inside of that big three. When we're talking about aws, when we're talking about Microsoft Azure and when we're talking about Google Cloud. Number four now in America is Oracle. They, they are doing a lot of stuff in terms of cloud compute for open AI. We already talked about Stargate and that tick tock thing is still there. I know at some point that conversation will be addressed. It will be addressed and they are at the forefront because they already are doing the cloud service for TikTok. So I like Oracle as one of these ones that their their moment. It's been happening. If you look at how they've been reporting over the past three years, 30% growth in 2023 or 2022, 60% growth in 2023, 30% growth in 2024. They're off to another great start this year. American made, American company, great friends with the administration. Larry Elson is. I got Oracle as my number five.

[Ian]

And just as a quick reminder, we've talked about these for the last two years. Hot take, but very true. If you're dependent on a presidential candidate to move, you're before you begin, your portfolio has to be agnostic and fun who's ever in office, right?

[Troy]

That's true. And that's so like if we were asking indexes we could have done indexes. If we were asking ETFs, we could have did ETFs. If we're just talking about single equities, those would be the five outside of the max seven.

[Ian]

Yep.

[Rashad]

Oh, for everybody. Invest fest. The replay will be, will be towards the end of the week some technical difficulties on download. So just have patience but you will be able to get the replay. As far as audience, do you guys.

[Ian]

Think this investor was the best one? And what would you like to see next year? Even more important.

[Rashad]

Or who. Or who would you like to see?

[Troy]

Yeah. Can I just say something really quickly?

[Ian]

Of course.

[Troy]

We talked about another American company and I told people inside of University. Dell reported last week the Stock felt like 11% and I wasn't even mad at it. Obviously we're out long term on it, but if you look at where the key parts of where the revenue was going from is exactly what we was looking at and exactly. We were saying their AI data center infrastructure has grown by 13 to 14%. That is only going to continue. Right. So when you look at future guidance, that's why I said sometimes, yeah, you could ignore the earnings report but pay attention to the future guidance. You look at what they're doing inside of AI. I know when people think Dell, they think, oh my God, that's one of those dinosaur companies. No, man, they're switching the business model. They're going into AI. They're doing a lot of the racking for Nvidia. Keep an eye on them. Keep an eye on note. And if you, if you weren't in and you were like, hey, they fell 12%, that might be a good sign for you. Just want to put that out there.

[Ian]

And speaking of dinosaur companies, I don't care if Donald Trump and The American government takes 90 interest in intel, it's never going to be in video. I don't care how many times you will. Trump's in it now. What do you think? It's still not in video. Unless Jensen, go over there with that leather jacket. I don't. It's over with. Sorry. They may have. They're gonna have a bounce for sure. But is it Nvidia or amd? No. Is it Broadcom? No, no.

[Troy]

Not gonna be.

[Ian]

Nope.

[Troy]

Not gonna be. That's okay. It's not gonna be. That's okay. Yeah, yeah. Sorry. Yeah, yeah. You live with that. Okay.

[Ian]

A lot of.

[Rashad]

A lot of people.

[Ian]

Yeah, it's a lot of. It's a lot of chameleon shots.

[Rashad]

Chameleon is heavy. Dion Sanders Chameleonaire. A lot of Chameleonaires.

[Ian]

A lot of Chameleon. There a hell of a story.

[Troy]

Great story. I had a great phone. Was that like last year we had a phone call with him.

[Rashad]

Was it two years, two years ago?

[Troy]

Yeah, yeah.

[Rashad]

Shout out to Chameleonaire. Does Nvidia have a revenue concentration problem?

[Troy]

This is a great question.

[Ian]

It's a great question.

[Troy]

I got a great answer.

[Ian]

Short answer is yes from outside looking in. But I, I talked about this on stage, not it was. So I got to mention that even in companies, great companies have hyper concentration and how the revenue is driven. It goes back to the 8020 rule. Like sometimes a lever is going to cause 80% of the growth in your sector, business or life and it's really important to focus on that basket of that's giving you the highest return. The part that's not being mentioned in the hyper concentration of that revenue driver is how long their relationship is going to be. Now we got the conversation, we was there. So it's a lot that I cannot say. But that driver of revenue and inventory isn't going anywhere and lo and behold they got to remix chip for China. So whatever. If that relationship goes a little awry. Jensen already told you how much money they're going to make from China and the legal Chinese chip that he's able to move. So now you have two big mega corporations and continents that are driving revenue into Nvidia. I know everyone keeps wanting to make an analogy of Cisco and Nvidia. The market and timing was different and Nvidia business is probably one of the best businesses we've seen in tech in the last 50 years. So the comparison is not even fair and asinine at best. But if they get this chip over to China, which I think they will even they're using countries as a hedge. Like this is the greatest investment lesson in real time I've seen. He's find a way to make an American company so valuable that they can't ignore them. Then you come to an agreement with Saudi Arabia and the chip is so damn good that people have found a black market to get them to China and you get the president to clear you to do a deal with China while they are enemy. Yeah, that's a moat. I don't know if you know but like if China is buying all your and the US is too and then Saudi put an investment into it. From a business standpoint, what other customers do you need? What you gonna sell to Switzerland could help but you have the biggest Players on earth already invested for a six or seven year period with no competition in sight. That is comparable. Stay locked in. Jensen. When we went to Nvidia I didn't see a one person playing fools, but they didn't even want to eat down there. They ain't fast as hell down in the cafeteria. Tie your money and your portfolio to the companies that are moving the GDP of the country. But if they're going to have a positive impact on China. You really are investing in two countries and he's allowed illegally to have a hedge against each other.

[Troy]

Yeah. So the, the China situation is interesting because if you looked at the earnings report that wasn't part of the revenue model. They didn't include the H20 just because there's been problems with it. Kind of looking at it as a potential security risk. Right. You're having a country make chips for you that you're going to run high powered AI. They thought it was a conflict of interest. Nvidia turned around and said they're going to make the B30 a chip which is kind of architected after Blackwell. Blackwell Ultra is about to, to hit the, hit the, the airways at this point. The concentration thing is interesting because I think the short answer is yes, but I think the midterm answer is yes as well. When you look at the numbers and this is from the report, two customers represent 39 of total revenue. Company A, which I would love to see who. I mean I'm, I'm pretty sure I think I know who company A is. You tell me they represent 23 and company B represents 16. My hypothetical guess. And like I said, this is undisclosed. They don't even put this in report. I think company A would be Microsoft and company B is Meta.

[Ian]

You don't say.

[Troy]

I think I just hyper. I mean I'm from what the tea leaves I've looked at, I believe those are the companies that's just from the total revenue of the chip sales, their data sale, data center sales. Right. Three customers make up over half of the total revenue for the company. Right. And so now you're talking to data centers, the expansion inside of that you got pretty much three companies that are bringing half of your revenue. So is that a concentration problem? Yes. But when you're talking about hyperscalers as the concentration, not as much of a problem. When you're talking about potentially three of the wealthiest companies in the history of the world as your as, as your clients, that doesn't hurt. I think the other part is that they're diversifying too so it's not just the GPUs. They're going into automotives, they're going into enterprise AI. I think the next thing, and I've seen some hints of it, of the products, is they're going to try to ramp up the retail space. Right. So yeah, we're killing you in the gpus. But like, yeah, we're not done with CPUs yet. Which is why, man, they could really kick AMD's door in when it comes to that. And so like the retail product becomes something. And so concentration can be a problem for businesses. I just don't think it's a problem for this business at this point.

[Ian]

This era is called a revenue concentration issue. When Gates did it, it was called a monopoly. Even the most. And having Meta and Microsoft, I know Sam is trying. Allegedly, Allegedly, allegedly. Lord, forgive me, strike that from the record. But to even have the biggest corporations in the world which act as governments, they have a super moat of protection around them in Microsoft, Meta and other companies that are investing into them. Like we talking about too big to fail. This company is too big to fail and too excellent in terms of the product to put down. Wow.

[Troy]

Until nothing. Until companies decide to make their own for sure.

[Ian]

A long time to.

[Troy]

Exactly. That's true. Yeah.

[Ian]

So that's a time moat and how long it would take to build a fabrication plant or if they want to build their own data center. I see that talk popping up. Well, why don't this, doesn't this company just directly build a data center? Well, it's a five to seven year Runway.

[Troy]

Exactly.

[Ian]

And they're not masters at that thing. And that's why I always say like you have to double down on mastery. He didn't get here just because of that leather jacket. That was the, the like icing on top of the cake. The mastery part from 99 through 2016, 2017. And I was telling stock clubs they had 80 market share in 2016. 2017.

[Troy]

Yeah.

[Ian]

While everyone thought AMD was better like back then, Nvidia was already best of class. And the company that's going to take over the world is one that's dominating the niche right now. And it's your job to go find it.

[Troy]

Yeah. Amazon's currently trying to develop theirs. I know Google's working on it. That mastery piece is very important. I'm glad you said that because even now there was some reports today, obviously Alibaba has designed their own chip to manufacture. And that's great. Right. There's a company that we always talk about and it Just kind of been just coasting along asml, they still when we talk and you use the word monopoly so I use it again when we talk about monopolies. If you want to have advanced BPUs you still need to use that company at some point for sure. And as of now if you look at who China has gone to to manufacture the, the high lithographic EUVs. Yeah, it hasn't been them. And so they have the monopoly which is why TSM is working with them, which is why Nvidia has TSM manufacturer which is why AMD has tsm. All these companies know that we have to go to the source. And so that's that monopoly's still there and China's not using that, then they're going to be behind until they figure out how to create that machine and that like I said, that's a 340 million dollar machine and there's like 12 of them and it 10 takes almost two years to build until they figure that part out. I don't care what chip they say that they have, if that company's not manufacturing it, it's not going to be as fast as the what Nvidia is doing.

[Ian]

High barrier to entry and high cost of entry are two other MOEs that Nvidia has that I don't think people are factoring in. Once again tsm. Even when I started to go back and like post invest and like do my downloads, even the threat of the conflict between China and Taiwan, I think that was done to suppress TSM as well because we both know. Go ahead.

[Rashad]

Speaking of tsm, somebody in the audience had a question. They said I'm up 48 on TSM. Should I sell it and put the money in the video?

[Troy]

Is it they own shares? That would be important to know. Are they talking about options?

[Rashad]

Would it just set up 48 on TSM?

[Troy]

I think I'll let you give your your answer for anybody holding shares.

[Ian]

If you're holding shares I think the maximum you should liquidate is probably 15 because both are getting towards the apex of the asymmetric risk to reward ratio. But the good thing like okay, it's always like if you have a Ferrari, you see a Rolls Royce, you may want to switch out for the C. But a free and clear TSM is worth its weight in gold as well. Like TSM was at 142 back in April. It's at 2:30 now. Why would you get out of a vehicle that's producing that kind of return for you?

[Troy]

It's okay, you don't leave it because like we've talked about the ecosystem and how this thing is going to work. They're one of the ones, they are the vital piece, right? Like has the monopoly. TSM is producing and every time we talk about the percentage it just keeps going up of the world's chips, right? They're producing over 90% of the world's chips. The biggest companies are going to them to manufacture the fact that their foundries are coming online next year. Why would you, if anything, figure out how you're going to get more shares? Because that's not going to change, right? The foundries in Arizona are going to be online. They added another foundry, right? Soon they stop be put. Texas might be another place that they're going to have it. What they learned from COVID is like we're not going to rely on Taiwan specifically as the region. We're going to have their company here, give them tax 7 incentives to build here. They're going to manufacture here and we're going to make this thing work. I saw somebody put Micron in the chat. I'm still talking about Micron. Why? If you look, if you watch what Jensen was talking about in terms of memory and storage and who they're using, the high bandwidth, they're talking about that company and guess what, that company is an American company and they manufacture here in Idaho. If you're not on your watch list, if you're new, go put it on your watch list.

[Ian]

And to put in hoop terms, having TSM is like having prime Tim Duncan. And then you're like, well, should I trade Duncan for Shaq? It's gonna wash even. It's gonna wash even. Don't even worry about it. Sometimes it's better to stay pat. Especially if you're up 25, 40, 50%. Especially when NB now if this was April, I may give you a different answer. But there isn't a asymmetric risk reward scenario to buy in where you would get 60% return on the video and where it's worth selling out. It's better to double down and hold the investments that are working for you. And when it's time for a price, I'll give you one. Or you can join stock club and I can tell you what to get in.

[Troy]

Yeah, I don't think this is the story of we've seen all the growth that we're going to see in these companies.

[Ian]

Hell no.

[Troy]

That that's not the case with tsm. That's not the case with Nvidia. That won't be the case with Broadcom. These companies are going to lead the way. They're leading now and every time we talk to somebody in the space they're telling you, yeah, we're in the early stages. We're in the early stages. This is the second inning.

[Ian]

Yeah.

[Troy]

Well, the starting picture is still on the mount and that's Nvidia. But tsm, they, they like the. They didn't catch you tough. They didn't catch.

[Ian]

If it wasn't for the conflict and they didn't talk about the kill switch, TSM would be further ahead too.

[Troy]

Hey, easy. Easy.

[Ian]

Sorry. Easy. Sorry.

[Troy]

I don't think we've ever talked about that. Easy.

[Rashad]

So okay, hit the like button and share.

[Ian]

Yeah share with people.

[Rashad]

Last Monday we did the stock club sale 50 off for three years. We ended it on Thursday. Tons of emails dms about Friday payday. So being as this is a holiday we did open it back up for Labor Day for one day closing at the end of the program tonight. Ian invest.com three years access to stock club for 50% of one year.

[Ian]

Okay we know Black Friday sale. No Christmas sale, no roster.

[Troy]

Shauna Chris Chris Mayo said is Google done? Absolutely not.

[Ian]

Not absolutely. And I can argue out of the big tech if I may. Google has probably done the best innovating to catch up that Nana banana and that VO3 and Gemini. I wish Apple had a nano banana pause.

[Troy]

I think yo it yo it's crazy because it but the Nettle Vanhenna tough. Google is underpriced I'll say that and.

[Ian]

Underappreciate if they would they need to liquidate all the non performing businesses focus on Google, Gemini, YouTube and the rest of this. Let it go. Well the Pixel is doing well too after that curved flip phone.

[Troy]

Yeah I thought G03 was incredible Dennis Nano banana thing I'm like this is what we were talking about when we were talking about they had all the talent right. But the talent kept. They couldn't keep the talent. Yeah it couldn't keep them in this moment.

[Ian]

They got the right team yo the.

[Troy]

Team and the the product release is just I mean every month or something in terms of AI and it each product is better than the one before.

[Rashad]

They are Putting in that JGV6139 what's your question bro?

[Ian]

Bro?

[Troy]

Yeah what's your question? Why as you type it jiggy pause the iPhone it said they well Apple said they're going to put a new iPhone now you're about to see how much of a Lead Google have when it terms of smart devices. When the new iPhone comes out. I saw some ramifications. I said oh man. Wow. This is. This is what? This is the offering.

[Ian]

You can only play follow the leader for so long. My boy Drew been saying this forever. Oh it's shout out to Drew. Happy anniversary in one year of Black Dragon being open to Philly.

[Troy]

Love you D. Oh yeah, go support that y'. All Go support that.

[Rashad]

Congratulations.

[Ian]

But you've been telling me forever like yo, Apple been lagging for the last nine years. It's true. Like you can't play copy and paste forever. Especially in when we get more tech innovation than ever. Google is putting on a playbook for what I wish Apple was would do.

[Troy]

And quietly not putting out a press release. The product is just dropping. They just dropping the product dropping fire and and let the people tell talk about the product. So shout. I know people in the past were like. And all the Google people. How you doing? We're critical of them for listen, you.

[Ian]

Put me on the cross. I'm sorry like tzo sorry I was wrong. Y' all just came back and. But that's what a great company entrepreneur should do. Any criticism, meet it with improvements and enhanced productivity. And for the last what, probably nine months, nothing but fire. Nothing but fire.

[Troy]

Yes. Hold on real quick. Because he said should he sell his leap options before 919? If they expire on 919 and they're in profit but we're not holding them.

[Rashad]

To the expiration date JV6139 says what should I invest in? I have $1,000 max right now to invest Microsoft, the whole thing. A thousand dollars Microsoft.

[Ian]

Microsoft is a combination of based on all the companies that they own and the talent they have. There is an index fund and tech weighted into one. Start there. Let me see if any price. I'll give you price. So what I'm not.

[Troy]

I'm not arguing with you on this one, bro.

[Ian]

I'm with you. If you can get in at 481.49 it would not be a bad place to enter because what you need to see is gains and it'll work for you. A lot of times when we only have a small dollar amount, we don't think it's going to work. But once you see you're up 10 15% you'll find more money to put in. And sometimes it's better to find one amazing stock to pile into that is going to do well for a long period of time.

[Troy]

Can we can we do each other a favor. The people in the chat that are saying, that's only two shares, we gotta stop doing it.

[Ian]

You gotta stop that. You want a 13 cent stock that's not gonna go. You guys asked me, not this audience, but in front, clip this up. Who asked me about marijuana. That has not moved. What happens is once he see those two shares work, he's going to go find and put.

[Troy]

Exactly.

[Ian]

And not go outside as much. Or not go on dates with the girl he met in DM who really don't look like that in real life. And CBO trash. You will find the money once you find the investment that works.

[Troy]

That's. Yeah, we got to be encouraging that one.

[Rashad]

Shit.

[Troy]

The first step is the most important one. So like if you could afford to get one share, great, you got one share next month, let's try to get another one. That. That's how you build wealth. Right. Let that money work for you rather than doing frivolous things with it. Be encouraging of that.

[Ian]

And back to the conversation we had at the table. But to really hear. You can't name me 15 assets in the war. That's better than Microsoft. Quick question for you. What is the five year drawdown of Microsoft since Satya has been in the lead chair position? Because drawdown matters a lot. Matters a hell of a lot. So GBT or perplexity. But what's the drawdown? Meaning how much has the stock come down?

[Troy]

15 is a kind number.

[Ian]

I'll.

[Troy]

I'll say five.

[Ian]

It's tough. Wow. So if you. Okay. Yo, can we invest in OpenAI? Not directly, unless you have a private equity or VC connection, but through proxy. Microsoft is the entryway into OpenAI for.

[Troy]

The next six years at least.

[Ian]

Well, five years, I can divide one of two.

[Troy]

It's yours now. Right. So this is a company headed to 4 trillion, y'. All, like with. With no slowdown in sight.

[Ian]

I've never woke up in the middle of the night like, damn, I wonder if Satya gonna ruin the company today.

[Troy]

That.

[Ian]

That matters.

[Troy]

Yeah. So go get your two shares, man. Go do that. Appreciate you. That's love.

[Ian]

Cause y' all gonna make me mad. And I'll just minty him and turn them two shares in the 2000. See, and that's that stage. Matter of fact, let's do a case study. Let's put them in stock club for free. And then let's see next year let's put them on stage and see what our account is. All right?

[Troy]

Yeah, yeah. As a matter of fact, let's get his email. He could join the joint. Yeah, Wednesday. We're gonna give him some, some options too. Just, let's see.

[Rashad]

So Jiggy, Jiggy, what's up? Shoot me a dm. Shoot me a DM. With your full name and email. You have been entered into stock club.

[Troy]

All right, let's make some money. You never know.

[Rashad]

You never know what's going to happen on market.

[Ian]

Never know not on the live joint. I'm refreshed too.

[Troy]

Oh, baby Seuss is back. Maybe that roof is back.

[Ian]

Hello, we happy glowing, friendship shining. Hey.

[Troy]

Shout out to the kale salad of the world for sure it's helping the skin.

[Ian]

Shout out to Mecca. Great conversation.

[Rashad]

Shout out to Mac. All right, Novo. Novo Nordic and Eli Lilly are both facing a growing federal multi district litigation over 2, 000 lawsuits so far which are estimated to be, you know, valued at over $2 billion as far as like how much they're actually asking for over Ozempic and similar drugs. Some cases allege rare vision problems, among other issues. So, okay, we'll talk about both companies, but let's talk about Novo first. And you know, Ozempic conversation is interesting because I hate to say that I told you so, but I did. You did. Last year I was like, you know, as far as seeing this movie happen before, we don't know what's going to happen next. But whenever something good happens, there's a Chinese parable. And if you watch the movie, Charlie Wilson's War, right at the end of the movie, they, they tell that the parable because Charlie Wilson's War is about Afghanistan history. Let's, let's go into a history rabbit hole. Okay? Afghanistan in the 80s was fighting the Soviet Union. At the time, the Soviet Union was America's biggest enemy. Right? So what did America do? America backed the rebels in Afghanistan and Afghanistan pulled off a very unlikely defeat. Who was, who, who was one of the leaders of the rebels in Afghanistan that America funded? Put in chat. Put in chat. This is like, what's that show?

[Troy]

Jeopardy.

[Ian]

Yeah, Jeopardy.

[Troy]

Couldn't break up the court. Tom Donovich, who was one of the.

[Rashad]

Leaders, who was one of the leaders in Afghanistan in their fight against the Soviet Union that the United States of America funded?

[Troy]

Get it right, young scrap.

[Rashad]

You guessed.

[Troy]

Try it, boy.

[Rashad]

Osama bin Laden.

[Ian]

Is that a YouTube privacy?

[Rashad]

No, no, that's a historical fact. That's, that's not controversial. That's historical.

[Troy]

No, that's, that's documented. That's a 60 minute special.

[Rashad]

That's documented, like for sure.

[Ian]

But you know.

[Troy]

Jesus, that might not.

[Ian]

Be in the global.

[Troy]

That should be in the global studies curriculum. I should know that.

[Rashad]

Okay, so at the end. So at the end, everybody's happy that they won the war, right? And Charlie Wilson. And not the Charlie Wilson that we know. Charlie Wilson was a. A senator.

[Troy]

Not OG Not OG but he was.

[Rashad]

Telling, he was lobbying the Congress that, look, we need to. We need to support Afghanistan, help them rebuild their country. Because if not, it's a vacuum and it's going to go into chaos and they're going to end up hating us. Nobody took them serious. They never gave any money. They didn't rebuild the country. They just left them alone and just said, yeah, you're on your own. Now. The rise of the Taliban comes directly from that say that. To say, you never know in life. You got to be patient. You gotta be patient. What looks like a blessing could be a curse. What looks like. What looks like a curse can be a blessing. When this whole Ozempic thing started to go crazy, I said, listen, most good things have some level of negative side effect. Let's see what happens. I just had a strong suspicion that if people are losing weight this quickly, there's a negative trade off. And that negative trade off would lead to billions of dollars in lawsuits down the line. Lo and behold, one year later, that's exactly what happened. Stock went from $142 to $54. Currently fell off a cliff going blind. That's crazy.

[Troy]

Yeah.

[Ian]

Probably we've ever seen for a publicly traded company, too.

[Troy]

In that space inside the lawsuit, here are the side effects that are actually going to be in part of litigation. Stomach paralysis, intestinal blockages, persistent vomiting, gallbladder issues, pancreatis, kidney damage, and sudden vision loss linked to a condition called naion.

[Rashad]

The vision loss is. That's crazy. Yeah, that's crazy vision. You take in medicine to lose weight and then you just can't see one day.

[Troy]

Well, you're taking it for diabetes first.

[Rashad]

Well, most people, then they figured out, oh, wait, start taking it just to lose weight.

[Troy]

Yeah, yeah.

[Rashad]

Now I'm very sensitive that obesity is an epidemic in our nation, in our community. So I don't want to be insensitive to anybody that has taken ozempic.

[Troy]

Yeah.

[Rashad]

But nine times out of 10, when you're doing things and you. And you're. You're cutting corners, it's going to come back. It's gonna come back.

[Troy]

So their defense, and I'm not here to defend them, but inside the. The litigation says they're saying that yes, all drugs do come with side effects, but they're act they're actively suing pharmacies for producing unapproved versions of the the GLP1s. So people were getting the off brand is what they're saying. Right? Like you weren't getting Wegovy got cut twice. You can't get stepped on.

[Rashad]

It got stepped on. You know what's so crazy too like shout out to my guy chocolate. He's a designer from Ghana. So he came to America for invest fest and I saw him the first day that he came and he had a headache. He was with him and and his other guy and I'm like yo, you need an Advil. I got Advil. And he was like, he's like we're gonna take Advil. He's like from Africa. Like we're gonna take a natural route. Then he gave me a whole 10 minute education on a natural route and how you, how you can cure headaches and naturally. But the way he said Advil you would think I offered him crack cocaine. But that goes back to our western we have so much medicine that we don't even think about think about it. We don't think about what's natural. We don't think about how can we do this organically. We just think yo, all right, I'm just gonna go to CVS and I'm get right until, until you, until you have these side effects. So be, be careful to anybody that's taking these drugs because obviously it has a lot of negative side effects. Now as far as a business is concerned, Novo was a stock that was flying high and it's come down dramatically. Is it over?

[Ian]

No, it's not over because I don't want to do the dead or alive thing. Are they in critical condition? Yes. Like going back to best in class. At one point I had people telling me Novo was a better company than Lily. How also too write this down. You have to study the history of the category. Any company that is has a product that is publicly traded that is guaranteed to have you lose weight. Going back to fin fan of the 1980s and 1990s, this category normally has been a disaster. Novohack back in the day like this entire class of rapid result weight loss. The issue is always heart or stomach issues or liver issues. So it may have a blockbuster rise for a little bit, but it's not sustainable. The things that makes Lily different, they have a bunch of other drugs, world class executive leadership and different moats that Novo does not have. But if you go to look at the history of these going back to the 19, not going back to 1964. Within seven years, there's lawsuits or collapse in the stock tied to weight loss products. It's not natural. Like. And then even GLP ones, the venom from Agila lizard being distracted.

[Troy]

I saw that.

[Ian]

It's not probably so you're putting. But that was for my Christians. You're putting lizard and snake venom in your body to get the weight of the world off for you. Yeah, that makes no sense. Yo, I don't even want to go into the nefarious reptilian lord world view, but that's not what I want to do. Knowing the source of the thing is really important. So this space as a whole is not one that I like to even look to invest in long term.

[Troy]

The. The snake thing is a little bit exaggerated. A little bit. A little bit. I did the deep dive into that. I was. Because I was interested. I'm like, wait, hold on. This is crazy, but is Novo dead? No, they're not dead. Five years ago, they were trading at $30. Think about that.

[Ian]

I'm gonna say they may get back now.

[Troy]

Can I land the plane? I land the plane. They were at $30 right before the weight loss craze happened. Right? They. Ozempic was the name. It almost became like Band Aid. And obviously Lily has come in the problem. And I think you laid it out pretty nicely. The one thing that they don't have is they're not an American company. And in this economy, when we talked about the American companies, they're going to make sure that the American, American company is going to thrive. And if Lily is producing that drug zeppelin or Majorna, they're going to make sure that that's at the forefront. Right? Novo is. Is a Danish company. And if you watch the 60 minute special, they covered it really well about what that company means to the GDP of the country.

[Ian]

Right.

[Troy]

Let alone just to. To the. The founders, what it means to the company. They're in trouble in terms of that. Right? So like, when we think about, okay, hey, how is America going to make sure that they are thriving? That's how you get behind America. Company that produces. The other part is this. The company is valued at 250 billion in a capitalist world, right. Do you take the. I mean, we've seen this happen plenty of times, especially in the tech world where the fine is 10 million. Well, we made 600 billion, right? The fine is 2 billion. Well, they've made 200 billion in three years at a certain point, are they looking at it like, yo, we'll take, we'll take these fines, we'll sell these lawsuits and we'll keep business as usual.

[Ian]

They don't. I think this is a bad business model for a company. It's always been other drugs.

[Troy]

How many businesses have done that?

[Ian]

They weren't relying upon one drug though, or one product or one skew for the majority of their revenue though.

[Troy]

True, I'm with you on that. I'm just saying in terms of business in a capitalistic world. Oh, for sure.

[Ian]

It happens a lot. I think they're too new of a player in the publicly traded space to even. That's usually more of a legacy play. When Bayer did it back in the day with these companies were rooted 30 and 60 years in who had cash reserves. Even Apple. I think one of the biggest risks that no one talks about as Apple is the radiation risk from the Bluetooth and the phone.

[Troy]

Settled.

[Ian]

Cash reserves are deep enough though. If they hit that pocket in 29, they'll be okay. Novo can't afford.

[Troy]

They can't afford it at this point.

[Rashad]

What about Eli Lilly?

[Ian]

You know, they'd be fine. I think they have one of the greatest management teams of all time and I think they over concentrated on this space trying to catch this wave. But I think they're going to make some adjustments in it where they have lawsuits too, probably.

[Troy]

But they're part of this lawsuit.

[Ian]

Yeah, but the cash reserves are much deeper, have a much bigger war chest. And then the development of other drugs, Alzheimer's and the like. They have other drugs that are rockstar drugs and they're just not dependent on this one thing. Yeah, I think they think that's the main difference.

[Troy]

I see people typing hymns. So HIMS partnered with Novo and that partnership is now over. Where people can get the subscription through the site that that partnership did not work. Well, that happened about two months ago when they ended the partnership and we saw Noble stock drop even further. So yeah, him, that's that partnership talking.

[Ian]

About a brilliant way to get to all the upside and none of the downside risk.

[Troy]

Yeah, we out of here.

[Ian]

Oh, brilliant. What? Sorry. Upon further review.

[Troy]

Yeah, it's not gonna work. Two words. I'm going.

[Ian]

Revenue for Lily, 52.2 billion gross margin 82% net margin, 25.9% for Eli Lilly, they haven't drawn back as much. But any weight loss invention, with the exception of like diet and exercise for prolonged period of time has always been a disaster for the stock market or that particular Stock.

[Rashad]

If somebody in the comments said, if I'm up on Apple stock, should I sell after the iPhone event next week.

[Ian]

How much you up? But short answer is no. But if you're up more than 15%, no. Does it mean you had a newer position? If you got in April, it's not talked about enough. Despite the drops in decision making for what they should have done with AI since April, the stock been on a tear. So it depends on where you got in.

[Troy]

I think since he, he made that visit, we've seen a change in. Yeah, but I think the, the, the. I guess the kind of the answer from my standpoint would be you should know before you enter the position where you're going to exit.

[Ian]

That's a. Yeah, that's probably right.

[Troy]

So like if it's, if it's a 10 appreciation that you want to see, if you get this at 10, then that's your exit. If it's 50, if it's 100, you should know like before you make that investment. Like I, like I do that a lot. I'll look at the level of potential catalyst. Right? So if I know earnings is this day and I know I got at least a cycle, I got 4 earnings cycle before this contract expires. I know that there's going to be an innovation announcement in September. Like the iPhone that's going to be inside of this, this cycle. I know I'm gonna count the fourth quarter, which is huge for a lot of these tech companies, a lot of e commerce companies, because that's going to be part of my cycle. So everything is calculated before you enter the position. So you know, like, all right, if I get to this, I already know what to do. I know once I get, I know September's happening. We're going to. Usually historically we've seen a rise in the anticipation of the next iPhone. Those sales get counted into the fourth quarter. Those things are all part of the plan. So you should have that already mapped out before you enter the position.

[Ian]

That's why I just got a text from Xander. He said he wants to see Jordan and LeBron at InvestFest next year.

[Troy]

No problem. Easy, easy. Know some people. Math shout out to Mav. Shout out to Math, shout out to Rich. I see them boys on the golf course. I think they, they got the golf ball. They addicted now.

[Ian]

Yeah.

[Troy]

Dover. I think it's Ernie's birthday today. Happy birthday to the bro.

[Ian]

Shout out to bro Justin in 513Acts. Do I hate Apple? No, I'm just highlighting as an investor, what should Be done. Not making a mistake about it. Since April, they had a hell of a turnaround. And I'm really not worried about Apple unless they get into the 16712 range. I'm just highlighting I don't want them to be a company that gives up their lead. And as we transition out of this Fang era into the AI era, I don't want them to get left behind. No, Apple's been great to me. The Apple position has been great. Thank God. I just want them to continue to be a great company. So, no, hey, what.

[Rashad]

Okay, what's the best advice for those making between fifty and a hundred thousand dollars a year? How much in stocks, bonds, real estate? Like what's the blueprint?

[Ian]

I don't think you should have any bond exposure. 55 and up. Question for the audience. Will the stable coin market save the bot market? They just want to throw that out there. Real estate versus stocks. I don't want to have a debate about that. I do think you do need some real estate exposure, but I would probably do. At least 75% of the capital to be deployed into publicly traded equities, also known as stocks, because they're going to give you a higher return on investment.

[Troy]

Invest in stocks. Invest in stocks.

[Ian]

Bond market's dead, Joe. Well, not like dead, but like there's a contagion event that's happening in the bond market that no one wants to talk about. We're going to live through the big short and somebody's going to make an announcement at some point. But the bond market, I will not touch it all.

[Rashad]

Okay, super chat question. What indicators should I monitor regarding my company's performance, performance and overall market before making any decisions about selling?

[Ian]

Which company is it?

[Rashad]

RSU and espp.

[Troy]

Go on. The RSU is an etl.

[Ian]

Yeah. And what was the second one?

[Rashad]

Espp, I think. Was it.

[Ian]

Let me see.

[Troy]

Nothing for that.

[Ian]

Why am I company performance, overall market. What you should look at for sure is profit margin. Market share is very important. Do they own the majority of the market share? Are they a mover of the GDP for the American gdp? Because we are the the biggest continent that focuses on stocks. Other continents do as well. But it has a more impact on our GDP and overall economy. And then also to what are the potential threats to that business that are seen and unseen employ.

[Rashad]

Okay, she's not talking about stock. She's not talking about a stock. She's talking about employee stock purchase plan and restricted stock unit. So she. Her company is offering. Okay, question makes more sense now. So she has option in, in her contract, I'm assuming.

[Ian]

Okay.

[Rashad]

She has an employee stock purchase plan. So she wants to know about that. Fundamentals, I guess for her, for her company actually. So I, I guess she was like.

[Ian]

For her company, the same advice is still apply. I mean if she can't tell the company, if she can send a bad signal to one of us and let us know what company it is and I'll just flat out tell you if you should or you shouldn't. But same thing. Profit margin. Are the fundamentals great of the company? Do they have a lead that no one else has? That they have a product or service with a moat that will not decay over 11 to 14 year period? Are they in favor with BlackRock and Vanguard as a primary investment in their sector drawdown over the last 10 years? What is the fair value price of it and intrinsic value price versus where it is deployed now? Like, but also if you just give me the company, I'll tell you if it's trash or not.

[Troy]

Yeah. I mean hopefully you're working at a strong company.

[Ian]

Yeah.

[Troy]

But the stop buying. I mean usually you get the stock at a, at a pretty discounted price.

[Ian]

Yeah.

[Troy]

So there might not be opportunity again when we talk about you can't even.

[Ian]

In pricing, even at intel at the right price. If you work at Intel.

[Troy]

Yeah.

[Ian]

You still making a killer.

[Troy]

It might be advantageous to grab some shares.

[Rashad]

But then also it's a lot of times where it's just settlement gut feeling. Kenny Burns, he, when he got into that invest fest for Revolt, they asked him the best investment that he's ever made. And when he first started working with Uncle Nearest, they gave him stock in the company. Stock options. Think it was valued at like 57 cents. And he sold it last year and at the time it was valued at like $30. Obviously uncle nearest is going through some problems right now. So I don't know why he sold it, but I'm assuming that he just felt that he just felt it was a good time to sell it.

[Ian]

Instinct or see. And y' all gotta watch the tastemakers, people like Kenny Terrence who have their eye on the pulse of a lot of things. That gut instinct is real. Or Kenny could have just got to a place where the return was good enough. Ebro is another one. Those tastemakers who have an idea about something based on the meetings and conversations that they're having. They know entry and exit points very well.

[Troy]

You drew the exit strategy before you entered it? Yes. I mean if it's at 30, you got 57 cents. That's what I'm saying. A lot of times people don't even know that that's an option for them while they're working. And that's another way. That's when we're talking about you can't work your way to wealth. Well, that's the type of investment.

[Ian]

Yes you can.

[Troy]

Well, no, no, you can't work your way to. Well. Well, you got to invest. Right. And so if you can do it through your company right. Then that becomes even more advantageous for you because you're going to get out of this product price as opposed to the public. And so if you can build shares through that and have it with you, I mean that helps your portfolio for sure.

[Ian]

I would make a hot take. That shouldn't be a hot take. I think more people that have worked the companies and invested into the companies that they're working in have become financially free or millionaires opposed to taking an entrepreneurship route to that path.

[Troy]

Yo, did you see that report? Nvidia they recently put out the report that 80% of the employees are millionaires. 80%.

[Ian]

You gotta attach yourself to the right.

[Troy]

Rocket ship that I made more millionaires than a lotto there. That's really like a lifestyle. 80, bro. That's. That's pretty impressive.

[Rashad]

Another super chat question is Terra Wolf thoughts on terrible.

[Ian]

That's not my area of expertise. No one upon is important. I think it may have promised to your research but that's not my area of expertise.

[Troy]

Sarah Wolf. Okay, we'll put that in the database. I appreciate that.

[Rashad]

Well the chart is. The chart doesn't look promising.

[Troy]

What's the ticker?

[Rashad]

W. U. N. L. Oh, okay.

[Ian]

See y' all gonna give me no more. Yeah, I'm supportive of all financial assets. I just specialize in a few.

[Troy]

I'm looking from inception in 1993. This doesn't.

[Ian]

Yeah. And it's gonna have a pullback and probably get back to that 6.85 range. But at this moment I have no further thoughts.

[Troy]

Yeah, this.

[Ian]

There's a Google investment.

[Troy]

I'll do some research on it. It looks like Google is investing in it. 3.2 billion into the company. So we'll see what it's about.

[Ian]

Remember what I said? They should let go all the bad liabilities and just focus on the three that's working.

[Troy]

Perplexity step in the chat yet? Did we get an answer for them.

[Rashad]

About having Chrome still waiting on that Bitcoin and Ethereum. They've been hovering. I saw. I saw an Instagram post saying that bitcoin was going to bounce back around and then dive back into bear market territory. Not surpassing his previous high of 124,000 based off technical analysis. But on technical analysis level, Bitcoin, Ethereum, what's the outlook in September?

[Ian]

It's not surprising it hit high. Surprisingly enough, in normal markets after an asset hits and high, they usually have a pullback. I don't know why so many people who love crypto are surprised by this pullback. A good entry price I like would be a hundred and four thousand nine hundred seventy seven. All the thoughts of it drawing back down to eighty two thousand. I don't know what in the hellfennie you're worried about. So 104, 977 is where I would like to enter. Give it maybe two months. We should be back in that 120, 125 range and surpassing that all time high. Going back to times when it's opportunity to enter that price is one. But all this fear, what they call it? Fudge. There's, there's nothing to be worried about at this point. And if there was, I would be the first to tell you. Even my own personal loath of boat price. It's going to take a combination of Fed interest rates, decaying banks and like a political or financial event to draw the entire market down. That's not happening in the next two months, not all three. You may have a little Fed fight about interest rates, but the, the financial calamity that could or tumult that could come, it's not, it's not on the horizon. You'll be fine. Stop worrying. A lot of times is when people have these concerns, it's because they didn't invest in it and they hate seeing all the upside. So they want the markets to draw down to get to a point where they can get that kind of gain again. There's nothing to worry about right now.

[Rashad]

How do you calculate intrinsic value? Is it Ben Graham's method or is it Warren Buffett's method? Or have you cooked up your own? And what is intrinsic value for people?

[Ian]

That great question. Intrinsic value is just where the fair value of a stock should be. I love Ben Graham dearly. I think the book is amazing. But that formula may be a little bit outdated. Best way to understand intrinsic value is to listen to me. I'm done. Y' all gave you every indicator. Some of this comes down to are you gonna listen if I drop the play and I say your run slant the middle of the field Open, it's right there. But fair value, I gave it away at Invest Fest in my presentation. And if you join Stock Club, I will give you the site that I go to as well as part of my formula to determine intrinsic value. If I made you money, please put yes in chat. Short answer is just listen to me because the prices that I'm giving you are at or below the intrinsic value levels for where you should invest. You have a guaranteed return on investment.

[Troy]

The intrinsic value is that number in between. Right. So where the price is right now versus where you're saying to buy it at, there's a formula. But like you said, it could get complicated. Operating classroom versus expenditures and time. So there's a whole bunch of things but basically is like what is the actual value when you take those things.

[Ian]

Operating, catch the fluff and the multiples.

[Troy]

Out of it divided by outstanding shares, which I know people don't even know where to find that at that would give you the intrinsic value. But this Stock Club, man, because even.

[Ian]

With that, if we look at what real intrinsic versus fair value versus what PE ratios used to be versus what they are now, we're in a different ball game like price to book sales. Like everything's been skewed because everyone has thrown out fundamentals for exceptional gain.

[Troy]

Yeah. It's like what's the most. It's tough, right? Like if you look at the multiples of some of these companies, Nvidia and amd, like for example, like yeah, they're not in the same class, but the multiples might be the same because of that.

[Ian]

Interesting. Yeah.

[Troy]

So yeah.

[Rashad]

Okay, let's talk about so 5 to 10 year hold. If somebody actually followed that, what do they do after 10 years? Just sell everything.

[Ian]

Sell 25 or 50 and then let the rest run. I think unless you have a like a reason to sell every position. Because the number one rule is you want the money working for you and you not working for your money. You don't want to have to go back to hustling in the business or side hustle or whatever. You have to have some capital working for you. Like to not have that is a mistake. Given if you look at business cycle 27 to 28, something should happen. Magic Johnson told you have three years with the evolution of AI being so great. Like if I was running a Russell 2000 company, I would be terrified. I've always said that every entrepreneur, your best bet in any company you run is to put the money in the market and have it. The best companies and best CEOs working for you. So you got to keep a position of it because like, okay, is the return better running Novo or what? Novo would have been better off putting money into Nvidia. You can say it's crazy, but MicroStrategy stopped working on tech and put all the money into Bitcoin. The investment actually became the hedge. So I don't think you should ever have all of your money out of the market. You need at least 25, worst case, 50% working. And then let it run. Because if you look at the cycles of tech, if you pick a good tech company, you usually have 21 years in order for that company to do incredibly well.

[Troy]

Yeah. And if you've invested since we started the show, you've seen kind of where I was going with it is, is that percentage threshold, which is is vital. Right. So if I can get my initial investment back, I'm good. Right. So once I see 100, then I know I can do something like that. I'm actually doing something now which is pretty, pretty cool, I think. Last year, people watched me turn an option call into 2,000 shares of Nvidia. I turned to 2, 000 shares in Nvidia. I put 500 in up my account for my son, 500 in another account for my daughter. Let that run. I had another with the rest of the profit, I bought another call Nvidia and I'm exercise those two. I'm about to add another share, thousand shares. And so now we're talking about 3, 000 shares of a company. I put that in and they're up account another 500. So now each of them has a thousand shares of Nvidia. That'll run until they turn 18 or 21.

[Ian]

Much easier, bro.

[Troy]

It's way easier. We're just gonna let that run. I obviously keep my thousand. They each have a thousand. And now you're talking about the college savings plan. It's already there.

[Ian]

I was gonna say that. The 529 on it. That's great.

[Troy]

Yeah, that's cool.

[Ian]

Money into Microsoft and Nvidia.

[Troy]

Yeah, we put it there, let it run. They're gonna have more than enough for the college. And even, you know, if they decide.

[Ian]

School and house and is.

[Troy]

Is there. So there's. There's so many different ways that you can make the money work for you. Like I said, Nvidia is a great company. I'm gonna let it do the work. We already know where this thing is headed. So let it go. Do his work. Eight years from now when he's 19 or six years from now when she's 20, it's going to look a lot different. Right. We're talking about a company that's on pace to be a 6 trillion dollar company. So there's plenty of growth there. And they're not the only company I want to just harp on. Nvidia, Microsoft is another strong company. There's a couple ones, the ones we said here tonight. But these are just strategies that you could be using and we're gonna show you. So I'm gonna show y' all exactly what it looks like.

[Ian]

Three years from now, Nvidia should be at 292.35. It just tells you how much more room we have to run. And that's why sometimes we'd be so short sighted and selling early and we will miss the majority of the line like lion's share of the upside activity and just hold it. One of the hardest things to do as an investor is just to pick a good company, put money into it and after that do nothing. Because we want excitement. You got to find your purpose elsewhere. But if you want to find a multiplier man, this is the way to go about it.

[Troy]

You said, somebody said the only re issue is that it's not going to go viral. We don't. I'm not doing it to go viral. Y'.

[Ian]

All.

[Troy]

You know the model is stay low.

[Ian]

What's not going viral?

[Troy]

Me showing that I did it.

[Rashad]

They're proposing that Troy has a show. Like you know me and you have a show. Like if Troy had a show.

[Troy]

Stay low key. Firing. That's the name of the show.

[Ian]

Your show.

[Troy]

That's the name of it. Yeah, that's it.

[Ian]

Yeah.

[Rashad]

Special guest Whack100.

[Ian]

He spoke some truth in that little statement about the fifth grade. That was.

[Troy]

I saw that this afternoon. That, that. I respect that.

[Ian]

Wax spoke some truth.

[Troy]

I respect that message.

[Rashad]

That's a fact. That is 100 true. Oh yeah, Troy. They said Troy has a show. It's at ey University.

[Troy]

Every month tune in and we're going to show you exactly what this looks like.

[Ian]

And there's a difference between free media backed by advertising and paid media that does not need advertising.

[Troy]

Yeah. You know why? Because people will see it and like, oh my gosh, I don't understand that. But the people who've been here for the past three years get five years on, they understand it. So I can speak the language because they're like oh wow, all right, let me implement that. And so that's what that's for, man. Don't worry. We're gonna stay low key. Firing.

[Ian]

Yo. Go drop a new project. Stock club, bro. Working. We talking 99 net margin.

[Troy]

Yo. The average price. The average price for those shares is $23, by the way. So you do the math, you get it later.

[Rashad]

How much do you need to be financially free?

[Ian]

Everyone's number's different.

[Troy]

I'm going with my. My financial advisor told me at 26, he said, Troy, get to 10 million. You might know him. He's sitting next to me. He said, get to get to 10 million. Live off 3% interest. If you could do that, you'd be good.

[Ian]

That I know.

[Troy]

At 26, I was like, all right, cool, cool. That number may have changed a little bit slightly, but I could. I still feel like the financial discipline that I have now, that number really doesn't have to change. Right. If. If it was crazy. I looked at my retirement plan as a teacher and my last year's salary was 117, 000. And I had two kids and a wife, and I was living pretty comfortable off that. If I can't. I mean, obviously, you know, as you accumulate more things and your family grows a little bit more in terms of. Obviously, my kids are. Are teenagers now. You need more money and obviously inflation. So, like, for sure, 4% and that's super conservative was the number. But yeah, man, that was. He said that. And I didn't really understand it then. As I got older, I understood even more standing now.

[Ian]

Yeah.

[Troy]

And even when Cedric Nash spoke, that's kind of what he was saying. He was like, if I get to 15 million, I can make 5%.

[Ian]

I'm good. Lay up. And apple, Michael. Apple is the new bond.

[Troy]

Cool.

[Ian]

Everyone's number is different, but you have to calibrate what your kid. Because people always kill me. That's unrealistic. To get to 27 to 28 million, calculate the number that your child needs to the time they're 18 to build a sustainable life for them. A sustainable life for you. If you're free and clear and multiply it by three and you're good.

[Rashad]

I saw somebody today say 3.5 million was. It was a freedom number.

[Ian]

If you have no kids. Yes.

[Rashad]

Somebody on Instagram said that today.

[Troy]

Yeah.

[Ian]

If you got no kids. Yes.

[Troy]

Not my 3% ain't gonna work.

[Ian]

It's just math and reverse engineering at that point.

[Troy]

But every year is not going to be 3%. Right. You put an index fund.

[Ian]

If you listen to me, that's what the edge is. But. And I even say, even after you get to your freedom number, this is the part that other people won't tell you. You still have to have things in purpose to give you joy. Some of them like, oh, why you still do the show? I love this. That's why I love it. And hopefully on the stage, y' all can feel my love for you and the love I felt from y'.

[Rashad]

All.

[Ian]

But the idea of just. I'm gonna get 10 million and put it into an index fund or into a tech and get 15 return. There's only so much time on the beach and sex on the beach, you're gonna have until you're like, damn, there's more to life than just wasting away.

[Troy]

Yeah.

[Ian]

You don't know until you get there. But once you get that freedom number, you can't just float away in the Atlantic or Pacific or Indian. Not fun. Trust me. You still need purpose. After you get to that number, you.

[Troy]

Want to do it with the people you love.

[Ian]

Absolutely. And that's what it's all about. That's what we had the time keeping. Just about Jada kissing Mac and you tripping. Oh, you tripping. I love you. You my brother, from you tripping. We're not gonna do it today. Maybe blackout. But to Kiki with your friends. That's what life's about.

[Troy]

He's not here to defend himself. We forgive him. 9, 1 4. We forgive you. Let's not forget.

[Rashad]

Okay. All right.

[Troy]

Shout out to everybody.

[Ian]

Reach out to everybody.

[Troy]

Yeah.

[Rashad]

Do remember. Do remember. Okay. Love. Marry.

[Troy]

Killer.

[Rashad]

Communications.

[Ian]

Yeah, yeah, yeah. No kill. And here's the reason why. If we're going to look at communications by sector, no one's beating Meta.

[Troy]

No. Where. Where are they, though? Are they in the. Are they in the five? The top five, or like they sitting right outside?

[Ian]

I would say outside.

[Troy]

Okay. Yeah. Outside. Okay.

[Ian]

Yeah.

[Rashad]

Hormel Foods.

[Ian]

I get it. From a dividend standpoint, this company gets brought up a lot. But if you look at the 5 year or like a 10 year chart, it's disastrous. How is 55 in 20? 22. Stock is currently at 23. I know it pays a dividend, but no. So don't love. Stop. But no. The stock is terrible.

[Troy]

Yeah, it's. It. I don't know. It. It's just becoming overwhelmingly tougher to invest in companies that are not in the tech sector for me.

[Ian]

Or they'll make a quality product.

[Troy]

Yeah. I mean, the next company does make a quality product, right? Keurig, Dr. Pepper, they make a quality product that people Enjoy and use. But it's just. I don't know.

[Ian]

Also, they're not Pepsi to bring to the last one. Well, I wouldn't marry any of these, so.

[Troy]

Yeah, I wouldn't.

[Ian]

It's Love Island. All y' all getting kicked off. What's my man name who ran across the island because the girl's getting pounded out. Maybe if I have to marry one PepsiCo, even though it's not in the list. But Keurig. All of them get kicked off the island. Sorry. Get beat up at the reunion.

[Troy]

Yeah, yeah. I don't. Out of those three, I mean. No, no, man. None of them.

[Ian]

Maybe a great lesson in life. Only pick exceptional if you don't want to live in hell on earth. A lot of you end up in purgatory picking non exceptional exceptional people and non exceptional assets to be in your life. Something got this whole pack out of that list. All trash. Yeah, sorry.

[Troy]

Yeah, I just think. Yeah. Try to. I was gonna say that would probably be the only one you even think about, but the way that. That streaming has been disruptive, even like for traditional broadcast tv. Comcast, like Paramount, all of them are just trying to figure this thing out. Espn, I don't even know what they just did. They. They launched the app and I already have the app and I'm trying to figure out what. What happened there on the 20th on arrival.

[Ian]

I don't know. Even HBO Max. They want HBO Max, Max, Max. Plus back to the rebrand HBO Max. It's like, what are you doing? Yo? Is Netflix wiping? But this is why historically, for the last 40 years, 10 companies have always adjusted and being elitist, you can go back to the IBM days. You can go back to Standard Oil when Rockefeller was running all the games come out of 10 to 12amazing companies that have a moat for 20 to 30 years.

[Troy]

Bigger than Netflix though.

[Ian]

For sure. Now if YouTube spun out as its own entity traded. Oh my God.

[Troy]

Yeah. What? Yeah.

[Rashad]

What about Alibaba?

[Ian]

I know that they're investing in AI and the death story is cute. I haven't. China's fighting a different war and China is a country which, you know, you've been able to speak on this. They don't let the tech bros and business run the government. The government runs the government in America. We let the oligarchs and the technocrats run the country. They don't do that in China. So I love that they're investing in AI. I'm glad that Jack is okay and he's reading to the kids in elementary school, but no. Anytime GGP get upset, we can reimagine what that board and CEO position looks like. That's the big U for real.

[Troy]

They're getting into the AI space. They're making their chips and it's, it's, it's something that you have to watch because it's important to watch because we've seen in a different sector where there was a product and they didn't take over the Chinese market and then China created a company that actually took over their market. Right when we're talking about Tesla and byd. So we got to be mindful of it. We got to just pay attention to the moves that they're making because it's important. And Nvidia, and this is why they want to make a chip specifically for this market.

[Ian]

Yeah.

[Troy]

So they can say like, hey, yes, we need you as a client. You are a leader in e commerce. The chip thing. They would be comparable to like Amazon making their own chip. Right. Where we can provide you with the chip right now so you can get ahead. We just gotta be mindful. We'll see what the ruling is here on the, the B38 chip that Nvidia has specifically for China. It's better than that.

[Ian]

Could change the course.

[Troy]

Let's see what happens with that. Because the H20 was right. That was old work. They said, now we got new work that's specifically for you. Let's see how the Chinese market receives that, that chip.

[Ian]

And at this point, if you're a major technology company, investing into AI or chips is a fundamental need for you to not get left behind. It doesn't mean you're going to be a leader. Now. If they invested in Quantum, my whole stance on Baba will be different. They hadn't done that yet.

[Rashad]

Somebody in the chat say, greatest acquisition from a Mag 7, I'm assuming that's saying what's the greatest acquisition that a Mag 7 company ever made to me would be what we're watching right now, company called YouTube, which was purchased by Google. That would be number one. Number two would be Instagram. Instagram purchased by a company at the time called Facebook, which is now meta.

[Troy]

I'm going to challenge both of you. Just for argument's sake, let's just.

[Ian]

Okay.

[Troy]

I thought you, when you said what we're watching right now, I thought you meant like in the time.

[Ian]

The AI era. Okay. Yeah.

[Troy]

I thought she was going to say Microsoft acquiring open AI.

[Rashad]

They haven't acquired open AI.

[Troy]

That's why 49.

[Rashad]

They purchased ownership inside of the company. That's not AC acquisition you own.

[Troy]

Yeah, they acquire that.

[Ian]

Greatest partnership investment into. You could argue that. But, yeah, full acquisition.

[Troy]

Full acquisition.

[Ian]

I think YouTube. We can have a conversation. If YouTube was not there to deploy that AdSense model, I don't know where Google would be. It may have been just like if Katie. When Katie went to the warriors and stayed at him and Draymond got along. Probably change the trajectory of the company when they failed at so many other things. And social media, it changed our life.

[Troy]

Like, we're sitting here right now because.

[Ian]

You always have to look at who could have else acquired it. If Facebook would have acquired YouTube, Google would be dead in this AI era.

[Troy]

Glass Valley said Broadcom acquiring. So Broadcom didn't acquire Avgo. Broadcom is Avgo. Avgo was actually a. A branch of Hewlett Packard. That. I think that's what you meant to say. And they branched off. He look must be like, what the.

[Ian]

Hell are we thinking now if we do that? One of the biggest fumbles in the history of America, that one. And Microsoft letting that Expedia team go. Ballmer did that. You know, the internal team that made Expedia was a Microsoft project and they didn't want it. And they scot free, no investment.

[Rashad]

Blockbuster Netflix.

[Ian]

Oh, yeah.

[Troy]

That wasn't in house, though. But, yeah, that's another.

[Rashad]

They brought it to their door. Brought it to the door and they said, no, thank you.

[Troy]

They would. No, I'm with you on that. I'm just saying those companies were inside the company and they let it go.

[Ian]

Like Expedia was spun out of Microsoft in the bomb era.

[Troy]

Is Expedia ever gonna split?

[Ian]

I hope that if I owned it, I wouldn't. And given the last couple years, there's a qualitative reason to keep the share price high. Because it doesn't always work in your favor. I think when we look back, I think that splitting is great when the ability to borrow money for cheap is great, but we're in a different kind of climate.

[Troy]

I was thinking bookings. Dot com. Nice PD bookings.

[Ian]

Got you. Oh, yeah.

[Troy]

Same. Same.

[Ian]

Yeah.

[Troy]

Sector. But yeah.

[Ian]

Yeah.

[Troy]

They out of control with the price.

[Ian]

Yeah.

[Troy]

Broadcom this Thursday, y'.

[Ian]

All.

[Troy]

I'll be reading. I'll be reading. In fact, I have my cloth. My cloth is ready. Shout out to Claude. Shout out to them.

[Ian]

Xander, I'll be home soon. You go to bed or you can stay up, but you're gonna be tired in the morning. Your choice.

[Troy]

Yeah. It's time. It's been real, man. Yo, Greenberg. School Tomorrow. That's crazy. Shout out to all my Greenberg Central 7 babies. Shout out to Central 7. Shout out to Woodlands. Good luck next year. This is. It's a critical time. It's a critical time. So everybody starting college. Who's in college? I know some people. Fall semesters in full effect. It's about to start some in here in New York State, so. Man, blessings to everybody that's trying to educate themselves.

[Rashad]

Yeah. On once again, September 21, doing an nil panel in conjunction with African American men of Westchester for all nil eligible athletes, parents, coaches, register. The link is in the bio of my Instagram page. My personal Instagram page, 2 to 5. Bringing an agent, bringing an nil director at a Power 7 school, and bring in the top entertainment lawyer. And bringing a financial advisor. Free. All free for the kids.

[Ian]

PJ Washington. Just know if one situation doesn't work out, they want to get you in the tornado. Navigate carefully. I love you, my brother.

[Troy]

He got another drink.

[Rashad]

Hold your head. Hold your head.

[Ian]

Gotta hear you. I do the same thing in the driveway, my boy. We'd all been there. I feel you. Life going good.

[Troy]

He did it again.

[Ian]

No, but, you know, look her fuffle at the. At this exchange.

[Troy]

Oh, okay, okay.

[Ian]

Yeah, yeah.

[Rashad]

Jiggy, Jiggy. DM me. My DM to my personal page, which is Rashad Bilal. R A, S H, a D, B I, L, A L. And that's only.

[Ian]

Good for 24 hours. So if you do a Friday.

[Troy]

Jay, we're gonna see you on Wednesday, too, man. I want to see you there. Make sure you get in the chat on Wednesday. Let us know you showed up. And we're gonna tell people that you showed up, too.

[Ian]

For sure. Yeah.

[Rashad]

Pj, hold your head. We got a lot. We got a lot to talk about on Blackout. Not much.

[Ian]

Atlanta, maybe 25 topics. Oh, my God. Atlanta.

[Rashad]

What is going on? Good thing we did invest fest before all this stuff happened in Atlanta. Atlanta's in a state of emergency right now.

[Ian]

Russ been telling you about them bots for a bunch of years. And y' all act like he was hating. He was telling the truth.

[Rashad]

That boy, Thugger, he said, yo, how much we need to. You hear that phone call about the bots? He said, yo, just pay it. He said, it's a lot of. It's a lot of business conversations.

[Ian]

Business conversations.

[Troy]

That was nasty, bro. I don't hate nobody on this planet except him.

[Rashad]

I'm talking about the little baby.

[Troy]

And P. I'm saying what he was saying about the bots. He said, Put. Put my album out the same day as him. Like, I don't hate. Like, I'm like, yo, it's a lot.

[Ian]

Of great business lessons.

[Rashad]

But then he also said, yo, let's sign him to another four year deal. He said, all right. Because 21 Savage was like, yo, yum, you might as well. He's like, you know what? You're right. Let's see if he could track another four year old, another four albums.

[Troy]

And what the judge say, the only person you can work with is who?

[Ian]

That's a lot of great business.

[Troy]

I'll leave that to y', all, man.

[Rashad]

It's a lot of business.

[Troy]

I'm gonna leave that.

[Ian]

Oh, yeah, I'm out of letters. I'm only talking about the business, man. I do not care about that. I am not in the streets.

[Troy]

Yeah, I'm just here to listen to Snow. Allegra Tiana Taylor's new album. I've been listening to that. Shout out to her.

[Rashad]

No, but it's a lot of good business lessons in that. Like I said, from the P situation with Lil Baby. From the let's sign to another four years deal on the spot. To the bots, he verified, like the bot thing is not a myth. He literally said like, yo, I. Let's. Let's buy the box. Let's, let's, whatever. We got to make this album number.

[Ian]

One, which Williams did a whole episode on the bottom.

[Rashad]

So. Okay, from a business standpoint, why is that important? Perception. You always have to lead with strength. Perception is very important in any type of business. So when you're running your business.

[Troy]

Always.

[Rashad]

That's why PR people are. That's a whole nother conversation.

[Ian]

Also, investing into somebody who may not be with you long term is a mistake.

[Rashad]

Winners, people like to associate them. All right, it's the pretty girl theory. I was watching Zoo. What's the. That movie with the zoo. The guy, he ran a zoo. Chubby dude, Zookeeper. It's not Zoolander, but he's a long story short.

[Troy]

Paul Blart.

[Rashad]

No, no, no.

[Ian]

It was a small cop.

[Rashad]

Nah, it was a dude with attorney. The. The Puerto Rican girl was in it. Ross Dawson. Anyway, you lost me. He used to run a zoo. The dude was running a zoo. But long story short, he had to get her to go to the wedding with him because he like a pretty girl. When they see you with another pretty girl, the girls is gonna want you.

[Ian]

Oh, for sure.

[Rashad]

Perception is vitally important. When somebody sees that you sold 300, 000 in the first week, whether the music is good or not. They're interested in booking you for shows. They're interested in streaming your music. Zookeeper. Yeah, they're interested. Whereas, like, we talked about Tyler when they. When they see you sell 5,000 the first week.

[Ian]

And her album was tough. Yeah.

[Rashad]

So now people is paying money to make their album go higher on the charts for the perception that they're a successful artist. And in that phone conversation, he literally said that.

[Ian]

Somebody told me, like, half time you even be arguing with people online. Like, it's bots anyway. It's not.

[Rashad]

Oh, yeah.

[Ian]

It's not even real souls.

[Rashad]

That's a fact.

[Troy]

Pitless souls.

[Rashad]

And they doing that. They doing that with YouTube, all that.

[Ian]

So for sure. Podcasting view. For sure.

[Rashad]

100 all goody. 100.

[Ian]

What you say, Troy, Stay low key. Fire. Troy. Joy. I feel you.

[Troy]

That's it, man.

[Ian]

Gotcha.

[Rashad]

But Blackout's gonna be a good one.

[Ian]

Mega episode. I'm not feeling.

[Troy]

I'm out the way, man. Trying to get better at Madden, to be honest. Yeah. Playing Mario Kart with the kids, man.

[Ian]

Yes.

[Troy]

That's it.

[Ian]

I will be on with Caleb at Investopedia. Kudos to my brother Caleb. Tune into Blackout.

[Troy]

Yo, I sort of. I saw the footage. Well, for Caleb footage. They. They.

[Ian]

Oh, did you.

[Troy]

They sent it to me. Yeah. I'm gonna send it to y'. All. They interviewed him in the parking lot. Yo, remember when you said I. I was turned. I seen in his face. He was turned. I was like, oh, this really happened. Yes. I actually know the dudes. I've seen them in a party. Yeah, yeah, that was. That was cr. Oh, man. Yeah, yeah, yeah, yeah, yeah, yeah, man. Well, we appreciate y'. All be good to each other again. To all staff, to all students, man. Prayers on an amazing year. Hopefully it's transformative. But realize that education doesn't stop in the four walls of a school building. You got to educate yourself at home and in your community. We're going to do our part. Y' all. Do y' all part. Love is love. Let's continue to invest. Let's continue to build. Happy birthday again to all. It's Virgo season, right?

[Ian]

Yep.

[Troy]

Happy birthday to all the Virgos out there. Yeah, man. And take care of yourselves. We gotta see y' all here next Monday. Love is love.

[Ian]

What y' all got, fellas? If y' all weren't acting right, after she make that drop off at car line, she gonna get a revenge.

[Rashad]

And then, and then, and then also.

[Troy]

It's never gonna stop.

[Rashad]

Keep in mind Paying for views. Ain't nothing new, though. Facts in 90 and 97. That's when Redman said, are you dope when you pay for your Billboard spot? That was 95. So that was. So this is nothing new. They've been cooking the books for a long time.

[Troy]

That's a fact.

[Rashad]

In the music business. They've been cooking the books for a long time. So all you independent artists out there that think that you're just going to spit 16 bars and become a multi millionaire, you fighting against the machine. Fight it. Like, you're literally fighting against the machine. And now AI is going to make it even harder.

[Troy]

I saw the Russell talk about that.

[Rashad]

Facts.

[Troy]

He's like, I spent a hundred thousand every month on marketing, and I'm independent. Like, you got to spend. You're fighting a machine. I got to spend like the machine.

[Ian]

And labels was buying albums back in the day to knock up the numbers and all that.

[Troy]

That's a strong.

[Rashad]

That's a fact, I think.

[Troy]

Who's talking about Red, man? Oh, Joe and Jada. They were. So he don't get enough respect. But that. That's one of them classic lines. Yeah, how you dope? How. How you dope when you pay for that Billboard?

[Rashad]

I mean, they still. When Jay. When Jay. They gave Funk Flex the brown paper bag to play Ain't no. But then he was like, no, I don't. I don't. I'm not gonna take the money. I'm gonna play the record because it's a dope record. Yeah, but that's how. That's. Then Dane was like, damn. Like, yo, you a dj? Yeah, here's. Here's a bag of money. Play the record.

[Troy]

We was praising Billboard, but we was young. Now I look at Billboard like, are you dumb?

[Rashad]

Everything is a business.

[Ian]

Everything.

[Rashad]

Business is business.

[Troy]

That's what they said. What's the name? Got Candover. Talk about that on maybe on Wednesday. Who? This whole Hot 97 thing with Flex.

[Rashad]

And taking the bag.

[Troy]

Yeah, they said, allegedly. Allegedly.

[Ian]

Allegedly.

[Troy]

Yeah. Hold your head, though. Those guys are legends, especially here in the city.

[Rashad]

All right, guys been real, y'.

[Ian]

All. But if you put the money into a video, it ain't a bad mov.

[Troy]

Yo, y' all be good, man. Y' all be good. Love is love. We out. Peace.

[Ian]

Peace.

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