MM #284: End of Gov Shutdown: Trump Wants to Give You $2K, Crypto vs Stocks, & Recession Warnings

Summary

Market Mondays Ep. 284 — End of Gov Shutdown, Trump’s $2K Plan, Crypto vs Stocks & Recession Warnings

Podcast: Market Mondays
Hosts: Rashad Bilal, Ian Dunlap, Brian “The Master Investor”
Episode: #284 (November 11, 2025)
Recording Location: Dubai, UAE

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Episode Overview

This episode of Market Mondays dives into the current financial and political climate, focusing on the end of the U.S. government shutdown, Donald Trump’s plan to provide $2,000 “tariff dividends” to Americans, looming recession indicators, and investment strategies. The hosts tackle the AI boom, the student loan crisis, the role of FICO in the economy, and practical advice for new millionaires, while fielding questions from their live audience.

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Key Discussion Points & Insights

1. Government Shutdown Ends — Impacts on Markets

• Hosts open with relief and optimism following the news that the U.S. government shutdown is ending.
• [93:06] Rashad: "The Senate deal to extend government funding...this looks like the stoppage to the longest government shutdown in American history...the stock market [had] a positive uptick."
• [93:06-94:12] Brian: Explains that government shutdowns tend to negatively affect retail-dependent companies but not dominant B2B firms like Nvidia, Microsoft, Vanguard, and Google.
• Advice: Only invest in “A-player companies,” which are foundational to GDP — not retail or fast food chains that are more vulnerable to macro shocks.

2. Trump’s $2,000 “Tariff Dividend” Proposal

• Trump proposes a $2K payout for most Americans using revenue from tariffs, except for high-income earners.
• [21:44] Rashad: “It’s crazy because…Republicans as fiscal conservatives run on lowering the debt and cutting out government subsidies...but all that’s happened in the last year is record-breaking numbers as far as the national debt.”
• [22:37] Brian: Highlights contradictions — “This is going to cost anywhere from $300 to $500 billion...you're devaluing money by just putting money into the marketplace.”
• [24:03] Ian: Notes that the Supreme Court is hearing if these tariffs are legal — the money may need to be refunded if not.
• Skepticism over whether tariff revenue is actually being collected to fund this dividend.
• Memorable Quote:
  Brian [24:40]: "It's a band-aid over a bazooka wound. Inflation has gotten up so high the $2,000 won't have an impact...It's not going to help."

3. FICO & The Importance of Credit

• Rashad uses the analogy that your credit score is like your “adult transcript.”
• [09:34] Rashad: “Your credit score...is going to make a decision whether you're worthy enough to get a loan, buy a home, or even sometimes get a job.”
• [10:05] Brian: “FICO is one of the best performing stocks of the last 10 years and they have a quiet monopoly.”
• FICO’s stock has soared 85,000% since its IPO, reflecting the shift to a credit-based society.
• [13:26] Rashad: “You can't even really live without a credit score right now.”
• Takeaway: Understand credit deeply, consider FICO and Moody’s as “impenetrable” rating stocks, and see long-term value in investing in credit infrastructure.

4. Futures Trading Tip

• [17:40] Brian: Advises traders to avoid odd time frames — top traders ("managing more than $50m") use even time frames (not 1 or 3-minute charts).
• Quote:
  Brian [18:56]: “You shouldn't be trading odd time frames...have you been able to sustain two, four, six years of returns?”

5. Politics, Student Loans, and the College Value Question

• Discussion about the future of college as a breeding ground for talent vs. direct-to-work internship models.
• [30:02] Ian: “College is no longer a trusted breeding ground for our brilliant…the Palantir CEO is running paid intern programs as an alternative.”
• [32:38] Rashad: “Sometimes you don't know what you want at 18…but the college system is now financially risky.”
• Advice: Hyper-specialization as a model, reducing wasted general education, and focusing quickly on relevant skills.

6. Michael Burry’s Tech Short Bets

• Burry puts massive short positions on Nvidia and Palantir, spurring fear and debate.
• [37:59] Brian: “You don’t know what his parameters are for a winning trade...I will remain long on Nvidia and Palantir.”
• [41:01-45:32] Ian & Brian: Note the risks of AI and defense tech bubbles but conclude that these companies are “too big to fail.”
• [45:47] Rashad: “Even if you don’t use [defense tech], you’re still gonna buy it...it's about fear through intimidation.”
• Lesson: Don’t try to mimic big-name investors’ trades without understanding their context, and recognize the strategic role of tech and defense companies.

7. Becoming a Millionaire: Now What?

• [48:43] Rashad: "Don't make any large purchases, including a house."
• [49:01] Brian: “They’ll say you’re anti-homeist, but your primary home...is not going to be an asset for you in the moment, it’s a liability.”
• [56:47] Brian: “No lifestyle creep until you get to your first $11 million. And even after, minimize lifestyle creep.”
• Key steps: Avoid luxury splurges, don’t tie up cash, invest for growth, maximize tax efficiency, and stay vigilant with money.

8. Diamonds & Jewelry as Investments

• [59:08] Rashad: “Diamonds at an all-time low...lab diamonds pass as real diamonds, so the whole market is in trouble.”
• Summary: Jewelry is a poor investment; wealth should be directed at appreciating assets.

9. Crypto vs. Stocks for Year-End (“Santa Claus Rally”)

• [68:20] Brian: “Both, for sure. Bitcoin...Ethereum...Nvidia, Microsoft, Apple, Google, OpenAI when public, Eli Lilly—you only need four assets to get rich.”
• Emphasis: Stick to top-performing assets instead of seeking hundreds of picks.

10. AI & Google’s “Sleeper” Moves

• Google’s AI development (Gemini, VO3), strategic partnership with Apple, and YouTube integration discussed as keys to their comeback.
• [63:53] Brian: “One of my favorite comeback stories of just flawless execution is Google.”
• Google’s innovation and “quiet” execution receive high praise; Apple is noted to be falling behind in this AI race.

11. Eli Lilly vs Novo; Pharma Sector

• Trump’s partnership with Eli Lilly and Novo discussed.
• [74:47] Brian: “Lilly is the clear leader...exceptional company even without the GLP-1 drugs.”
• [76:22] Ian: “Look for the American company, the leader. They check all the boxes.”
• Warning: Beware pharma “one-trick ponies”; Eli Lilly stands out, but sector is risky.

12. Youth Unemployment & Recession Warnings

• [79:36] Brian: “Youth employment data...9.2% of people 21–28 can’t find a job. That's a very scary pre-recession indicator.”
• Massive student debt, minimal entry-level jobs, and AI-automated filtering compound the risk for young people, with broad implications for future economic growth.

13. International Diversification & Real Estate

• Real estate taxes in the US compared with other countries (Ghana, Turks & Caicos).
• [85:13] Rashad: “If you miss one year in back taxes, you’re in trouble...You don’t own your house in America if that’s the logic.”
• Advice: Diversify geographically and consider international options for property, given the uncertainty of U.S. property taxes.

14. Retail Stocks: Chipotle & CAVA

• Recent struggles attributed to reliance on disposable income and government worker traffic (especially in DMV areas).
• [90:39] Ian: “If they're not going to work and not getting paid...fast casual doesn’t become fast casual anymore.”
• Summary: Good companies but not “A-tier”—too reliant on retail health and economic cycles. Save your focus for companies that move the GDP.

15. Top Indicators for 2027 Market

• [95:50] Brian: “Are Vanguard, BlackRock, and Invesco net buyers of the asset?”
• Prescription: Follow what the big institutions and governments are buying—if they’re accumulating, that’s your guide.

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Memorable Quotes & Moments

• On Lifestyle Creep:
  “[There should be] no lifestyle creep until you get to your first $11 million. And even after…minimize lifestyle creep.”
  — Brian [56:47]

• On Making Money in the Market:
  “You only need four assets to get rich.”
  — Brian [68:59]

• On The New Value of College:
  “I always hated the pitch of college that, ‘Come find yourself here,’ because the cost is too high to do so.”
  — Brian [32:24]

• On Tech Stock Shorting:
  “Sometimes you can be so focused on trying to recreate a win [the big short] that’s not the natural direction of an asset. Most assets are rigged to stay up.”
  — Brian [43:46]

• On Jewelry As an Investment:
  “Diamonds are at an all-time low and lab diamonds test as real diamonds. The diamond industry is in shambles.”
  — Rashad [59:08]

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Timestamps for Key Segments

• 02:27 — Dubai/Major family and EYL updates
• 04:00 — NYC mayoral discussion & political landscape
• 08:24 – 16:47 — FICO, credit, beginner’s corner, financial literacy
• 17:40 — Futures trading tip (even vs odd timeframes)
• 21:03 – 27:10 — Trump’s $2K tariff proposal & analysis
• 30:02 – 37:59 — College vs. direct internship model (Palantir, education reform)
• 37:59 – 47:51 — Michael Burry’s short bets, Palantir & Nvidia, tech defense
• 48:43 – 65:51 — Advice for first-time millionaires, avoiding lifestyle creep
• 65:51 – 66:24 — Google as a sleeper AI play
• 76:22 – 78:00 — Eli Lilly, pharma sector, health investing
• 79:36 — Youth unemployment as a pre-recessionary indicator
• 85:13 – 88:05 — International real estate & diversification
• 90:39 – 95:21 — Chipotle/CAVA stock discussion
• 95:50 — Following BlackRock/Vanguard institutional purchases
• 97:08 – 98:47 — Upcoming earnings: Disney, DraftKings

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Final Takeaways

• Focus your investments on “A-tier” companies fundamental to economic infrastructure — particularly U.S. tech, healthcare, and financial backbone firms.
• Stay wary of political stunts—government handouts and policies often don’t address core economic weaknesses.
• Rethink the “old rules” of wealth — delay large lifestyle purchases, focus on asset accumulation and international diversification, and beware of status-symbol “investments” like cars and diamonds.
• Keep watch for recession signals in youth unemployment, corporate default rates, and institutional demand for assets.
• In the age of AI and rapid change, continuous learning and adaptability — not simply formal education — remain key for both investors and workers.

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For more actionable insights, check out the full episode or join Market Mondays live on the EYL Network.

Transcript

[Ian]

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[Brian]

Yeah we gotta do regardless.

[Ian]

Oh man. Greetings and salutations to everybody out there. Shout out to everybody that has tapped in. Shout out to everybody that watched Market Monies last week on your leash last week blackout last week. We appreciate y' all wholeheartedly.

[Brian]

Yeah.

[Ian]

The good folks of Dubai, shout out to everybody showing a lot of love.

[Brian]

Right.

[Ian]

Welcome home.

[Brian]

Oh, my God.

[Ian]

Yeah. Shout out to Ty Davis. That was up.

[Brian]

I love you.

[Ian]

Dealing crazy out here, man.

[Rashad]

Yeah, yeah, Black man. Yeah. First and foremost, congratulations to Terence J on his wedding tomorrow. And congratulations to Daniel on his M2N conference that we spoke at.

[Ian]

Yep.

[Rashad]

The other day. Congratulations to Steve Harvey on his food festival, to BD and the whole team over there. So it's a few things that's been happening on this side of the world while we're out here, but yeah, you know, you know, we're here.

[Ian]

So we'll go on. How you feeling? End you caught up to some sleep. Where we at with it?

[Brian]

I need a little bit more, but I'm blessed and highly favored and ready for an amazing week and an amazing show. I've been having a great time kicking it with y'.

[Rashad]

All.

[Brian]

I want to give my love to Terence and soon to be wife.

[Ian]

Yeah, absolutely.

[Brian]

Great host, yo. Great host.

[Ian]

A lot has happened since we've seen you last. Shotty. You had a prediction that the mayor of New York City that has come to fruition. New York City is a new mayor who will take office on January 1st. How you feel about that prediction coming to life, my brother?

[Rashad]

Yeah, sort of writing on the wall, but congratulations, congratulations, congratulations to the new mayor of New York City. And let's, let's move the city forward, whether you, you know, agree with it, whether you don't agree with it. I mean, he's the mayor now, so I think that he has good intentions as far as making the city more affordable because it's a problem. And, you know, the vast majority, a lot of people that's actually complaining about his policies are not rich, ironically.

[Brian]

This is interesting. Yeah, yeah. It's a lot of projection of, like, where you will be, but I'm like, currently, you shouldn't be right here.

[Ian]

You're right here.

[Rashad]

Exactly. But, you know, hey, man, we'll. We'll figure it out and we'll see. We'll see what happens. Well, you know, it was not just him, it was the. A wave of Democrats that won.

[Ian]

Yep.

[Rashad]

We'll talk about that later on. As far as the, the political implications of that, as far as the Republican Party and how that, how that's going to play out for the economy. But Trump said that that wasn't so much. That was because of the government shutdown, because he wasn't on the ballot. That's why.

[Ian]

Two things. Two things. He was not on the ballot.

[Rashad]

That'S all. You can't be on the ballot every year, though.

[Brian]

Can't do it. Even though some are trying in a bunch of different states now.

[Rashad]

We'll talk about it. But yeah, Market Mondays, we here live from the uae. We in Dubai right now. Wednesday we got Blackout from Dubai, and then Thursday we got the episode Chase, My boy Stanley from Chase and Venus. So that's a dope mashup of kind of what we did with the series. But we did an episode just kind of talking through the whole credit situation. Chase Forward the series, the whole thing. So check that out. Six o'. Clock. Or unleash his YouTube channel this Thursday. Yeah, and. Yeah, and we coming back. And I said I wasn't going to come back to America until this government shutdown was over. Apparently it looks like it's over. So we.

[Ian]

Our flight is still on.

[Rashad]

Sometime soon.

[Ian]

I'm happy to hear that. Listen, man, we got one of the most important birthdays happening this week in the Eyl family. Our brother A.B. is having birthday. His birthday is this Thursday. Brother, we want to wish you a happy birthday, man. We love you daily. We want to continue to see you. Whoever I got to talk to on these under 30 lists, man, I. We need to have them on there. I don't know, whatever publication you are, he needs to be on the under 30 list. This man is absolutely incredible. It's meant a lot to us on a personal and professional level. So happy birthday, my brother.

[Rashad]

Happy birthday. Happy birthday, man. Enjoy. Yeah, take a day off, please, immediately.

[Brian]

I want to wish Nicole Harmon happy birthday. Great friend, great person, great business partner. I appreciate you so much. No Stock Club call this week. Let me enjoy my time in Dubai catching up on sleep. Prices will be out this Friday. I had to move them, giving some things in in the market. But this Friday they will be out at 9pm Central. If I made you money, please put yes in chat. Tune in the Blackout this Wednesday. I love y'.

[Rashad]

All.

[Brian]

And let's have an amazing show.

[Ian]

Shout out to stock club. You know, the last time we did the class together, man, we gave him a little tip on something that you're looking forward to and that has paid off. So put money off. Well, but yes, in chat. Yes, sure. Now this works, man. This is our disclaimer. Our content is intended to be used and 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. Y' all know how this works, man. Could you do the research? Share the research when it's great research, give credit to those people. Let's build wealth, put our brokerage accounts. Let's build our communities. Let's build.

[Brian]

Absolutely.

[Rashad]

Let's get it. So let's start with Building Block Corner. Maybe we can start that, like a new segment of, like, you know, things that you just need to know, whether you're just starting out on your financial journey, rebuilding, or just trying to figure out. And it's something that my son had asked me a while ago as far as, like, credit, like, what is fico? And I thought that, you know, what I described it a while back was that I feel like FICO is your transcript as an adult. So, like, you know, as a child, you have a transcript in high school. Right. And that transcript is vitally important because what that transcript says pretty much determines where you're going to go to college. Right. So they're making decisions based off of your grades, nine times out of 10, extracurricular activities, stuff like that. But they're making decisions based off of your grades and your report card for four years to determine what type of student you're going to be. Sometimes they're wrong, sometimes they're right, but that's what they're going to do, right? As an adult, your report card doesn't really matter. But what does matter is your credit score.

[Brian]

Yeah.

[Rashad]

So your credit score. They're making a bank is going to make a decision whether you're worthy enough to get a loan to buy a home, whether you can live in this apartment sometimes, whether you can get a job, whether you can get. You can't get a car, whether you're going to pay an extra 200amonth for the car. Because they're seeing if you're a responsible person or not. And how they're determining your responsibility is based off of your FICO score.

[Brian]

Yeah.

[Ian]

The interesting thing about FICO is, like, most people hear about it, they don't even know it's a publicly traded company.

[Brian]

And one of the best in the market. One of my favorites.

[Ian]

If you look at his charts over the past five years, you've seen how crazy it's going. But most people realize when it's too late, right? They'll figure out, I got to figure out my credit score.

[Brian]

Who.

[Ian]

Who is fico? And so the idea of bureaus coming together to give you a score that are really pretty much going to determine, like you said, that transcript of how trustworthy you're going to be, right? Like, can we loan to you whether that's for a car, whether that's for a home, or whether that's for trying to get a job, like that score is so important. And so when I'm looking at them, like, how do they actually make money? Right? So they don't actually sell credit scores. They actually license the algorithm for the credit scores. And if you're in any financial institution, people are going to check your credit score, so they get to sell that over and over again. When do they make the most money? Well, when you see people actually trying to buy homes. And so when interest rates are low, when people are refinancing. You should watch FICO chart. That's one of those tidbits that most people don't think about, but everybody has to use, especially if you're in America, right? If you're trying to invest, especially in real estate or like I said, trying to get a vehicle, you're going to need that score. And once they know you need it and interest rates drop and money becomes more affordable to people, they're like, all right, well, this is a time that we should be watching. This company, it actually reported last week. So these are those little tidbits that people don't talk about in finance that you should know.

[Brian]

One of the best performing stocks in the last 10 years and on top of that, they have a quiet monopoly that most people don't think of. I've always been told to think of your FICO scores, your financial trust score, and I think you guys both touched on it. But it's a lot of people who have been turned away from amazing careers because that score wasn't high. So it's really important. Kudos to Edwin. That one. Broadcast it all the time. I feel about. It's 850. So kudos to my brother, MVP in all areas of life. Yo.

[Rashad]

And, and I think the last thing that is interesting about this is like, you know, fico, as you said, is a, is a traded stock on, on the stock market, right? So what happened is that when it. It IPO'd in 19, it IPO'd in 1987. 1947, 1.40. It's currently trading at 1700.30. Yeah, but if you really look at the chart, it really starts to go crazy. It really started to go crazy around 2014, 2012, 20 let's just say 2010. 20. After 2010, it started to take off tremendously. Right. If you look at the financial markets, right. Especially after the Great Recession, Dodd Frank and all this, and it says a lot about the economy that we're in right now, the importance of credit scores. If you look at how the world was shaped in 1988, your credit score was a completely different metric of meaning as far as your life importance than it is in 2025. You, you can't even really live without credit score right now.

[Brian]

No.

[Rashad]

It says a lot about the times where that we're in. But to put it in perspective, the stock is up 85,000%.

[Brian]

Power of long term holder. Yep.

[Ian]

Insane.

[Rashad]

It's up 85,000%.

[Brian]

And the importance of intellectual property that others cannot easily recreate.

[Ian]

Yeah. I mean, you're talking about a stock that was up at $2,400. And so if you look at that peak, look at, look at that pandemic run, right, from like 2019 where it's trading under 630 to that 2400 run. That's, that's an incredible run. And now it's pulled back a little bit, right. There's some uncertainty, Right. We've seen it over the past three years. We saw the market pull back in 2023. And so there's still some uncertainty. But here's one thing that's gonna. Until America changes the credit system, right? This is a company that's not going anywhere and this is one of those companies. And you're gonna need, you know, you're absolutely gonna need.

[Rashad]

I mean, it's like, you know, once again, Wu Tang when they said in 96, cash rules everything around me. And then we actually made that T shirt when we first started that cream.

[Ian]

Yeah.

[Rashad]

Credit rules everything around me. And you've seen it happen in real time right now, how the monetary system has changed to become a pretty much cashless society at this point in time. And everything is run on credit. So understanding the credit, credit, credit rules. It's like the clip song fico.

[Ian]

Yeah, yeah, yeah.

[Rashad]

Shout out to them.

[Ian]

Shout out to them, man. Grammy nominated. I know that they talked about how important the Grammys were to them and Gwynne to one. They got nominated for five Grammys. I see them winning at least three or four of them. I definitely got.

[Brian]

And honestly, one of the greatest campaigns of the last 10 years. Just like one long rollout of quality and video and music and fashion. Oh my. It's been a master class marketing standpoint.

[Rashad]

They had the best rollout that I've seen in years. To them, Rock Nation, their whole team. Because I've never seen somebody that, man, they was on. They would think that they was Michael Jackson as far as how many articles that they had written about them. And then, you know, interview Vatican. They've performed the Vatican. That's 100% and just good people, man. Like, you know, Malice, somebody that's been highly respected for a very long period of time. See him step away and then step back like he never left. Push a T. Somebody that we've run into a few times at our spot in Paris. Yeah, yeah, we interviewed him. Liabilities, you know, I mean, he's a super smart dude as far as getting money from. On the medical side. Yes. With medical transportation companies. And he got a bunch of stuff from the McDonald's licensing deal. He talked about that before. So, you know, these. These guys are not just successful for no reason. Like, they're really smart. Like, I think hustling, because they. The last thing I'll say about this is I think the clips, they've solidified hustling. Right. But hustling is not just a matter of, you know, just hustling on a street corner. Like, you really got to stay up to the times. You got to be in tune with what's going on, and you gotta actually have a sharp mind. So even for them to like, you know, that Fico, talking about the stock Fico, like, that's like, you know, you got to be. Understand what's going on right now because the world is moving so quickly that if you pay attention to trends, you could. You could make money. Yeah.

[Ian]

And the best teacher has always been music, especially for us. Like, we grew up just listening to music and trying to learn things. So when I looked at the track list, I said fico, I said, all right, all right, this is something we got to tap into, man. But shout out to them. Like I said, Grammy nominated, well deserved. They said that Malice might got verse of the year first. Don't sing.

[Brian]

I watched that. Rapper of the year. If we're not gonna.

[Ian]

He might. Yo, honestly, Honestly. He's there. He's there, man. One of my. One of my favorites. Again, just. Just a classic album and a classic rollout. All the visuals been incredible as well. So shout out to them and the producers and I think they just signed with caa. Man, these guys are just elevating and they. What they've done is they stayed authentic throughout their career and they're showing it would be great at Any age of this music thing, man. So shout out to them, honey.

[Rashad]

All right, so that's the beginner's corner. We talked about fico. We also tied it in on some culturally relevant, you know, vibes. But let's talk also too, if you.

[Brian]

Want to pair FICO and Moody's together, another ratings agency, you got a nice little Raiders index that is impenetrable. Write it down.

[Rashad]

What's your futures trading tip of the week?

[Brian]

I, I said this last week that I shouldn't even say it, but I'm gonna say it again. You shouldn't be trading odd time frames. And a lot of people's like, why? What's the secret? And I can't tell everything, right? But what I will say is, from my experience, those that I've had the chance to watch, who manage more than 50 million, none of them are trading lower time frames. I used to love the 15 minute. Ironically enough, October 31st is my 10 year anniversary in features, which is crazy to think about. So when I went down to Wall street and then when I had other chances to talk to people who used to work at exchanges, the way that most people are trading in the retail space is dramatically different than how they do it in the hedge fund or fun to fund. Space and time doesn't move in odd sequences, it moves in even sequences. So I know some people had a little bit of pushback for it. But look at your pinot. The two things I want you to look at is for every dollar you put in, how much you're getting back and how well are you able to do over a year? Some people are judging, well, I use the one or the three minute and I've done well, but you've done well for three weeks or three months with it. Have you been able to sustain two years, four years, six years worth of returns or growth? And I don't know many people who trade odd time frames and who are making a hell of a lot of money do. So I do know quite a few people that have made millions from trading even time frame. So it's one slight advantage. It's not the only thing, but it does give you an advantage. That and also too, if you have one screen up with even time frames that you trade off of and another one with all the indicators everyone else uses with odd, odd time frames, you can use that against them to know when they're getting into the market and when to whipsaw against them or take a reverse pin bar because they got the direction wrong, because they're Looking at too low of a. The time frame.

[Ian]

The boy said the first pinball. You know, I, I got me thinking as you were speaking at this point, especially in today's market, what, what defines a seasoned investor? I feel like, you know, with technology and all the reasons that the retail investor has, what is there amount of time investing that makes someone season.

[Brian]

I think everyone's skill level is different. I think you can argue the same thing with athletics. Like, I think you have more tools and trainers than ever, but there's more people playing a game in trading and in athletics. But some haven't broken the stats of the great chat. But on a trading basis, like you should have it down. And I've been asked this before, how long does it take you to, to get good? It shouldn't take you longer than two years if you're dedicated. You cannot be halfway in and halfway out in this though. Like, same with media, same with building a business. We all know people who will start and then stop and then come back six months later with a new venture. It, it should take you two years max to get a strategy down where you're able to make money consistently and almost pick apart when you want to be profitable.

[Rashad]

Let's talk about. Okay, very insightful. Let's talk about politics. Donald Trump, he recently just got booed on the Washington Commanders.

[Ian]

Yeah, saw that. We got smacked.

[Rashad]

So it's a good thing. We're gonna talk about the government shutdown and how that look, you know the, you know the market reaction to the good news on that. But first, let's talk about Trump's proposed plan to give Americans $2,000 from tariff revenue. Right. So Americans $2,000 dividend. Tariff. Dividend funded by tariff revenue, except for high income earners. Now this still has to go through a variety of different channels for it to actually get past.

[Brian]

Is that socialism?

[Rashad]

Right, right. You know, it's.

[Ian]

Definition, please.

[Rashad]

Crazy because. All right, the Republicans as a fiscal conservative run on lowering the debt and cutting out government subsidies, cutting out government spending. And that was one of the things what when Novogratz was telling us before, as far as he, he fully expected that Trump would raise the debt because he said Trump loves to spend money which would go against the Republican ideology. But only thing that's happened in the last year is record breaking numbers as far as the national debt is concerned. Also credit card debt, value of the dollar has gone down tremendously.

[Brian]

This consumer sentiment is down.

[Rashad]

But this, this, this does both of those. This adds to the debt. Anywhere from this adds to the 300. This is going to cost anywhere from 300 to 500 billion dollars. And when you talk about inflation, you're devaluing money every. By just putting money into the marketplace.

[Brian]

Over and why begging for a rate cut.

[Rashad]

So I think that he, he's looking at, this is an easy way to kind of get support because we talked about as far as the pandemic and how that, how that really, really, you know, helped a lot of people and how it really set the sentiment that he was good for the economy because he kept money flowing. So maybe he's thinking, okay, you know, we haven't really. We kind of, you know, had some shaky moments. It's, it's the fourth quarter, it's almost Christmas time. If I could just put $2,000 to everybody's pocket, they're gonna feel a lot better about my administration and me. And, and, and I could say that I got it from tariffs. So I can use the excuse that it's not coming from any government budget is money that we weren't expecting anyway. Even though some people say that we really never even. We don't really even have one tariff deal done yet. That's what some people.

[Brian]

It's an illusion.

[Ian]

Yeah, I did. I mean, there's another part to it. I'm glad you brought all those pieces up. And, you know, I'll let you add to it as well that the federal government.

[Rashad]

Right.

[Ian]

The Supreme Court is actually hearing the case to see if these tariffs were legal. Right. Because if not, then the tariff money that they were collected from these companies might have to be refunded. So countries might have to be refunded. And if so, that money goes back now. Now what do we do? If you've given money to citizens from that money that potentially might have to be refunded, now what.

[Rashad]

But then they're saying that we haven't, we have not collect some, some people are expect. Have speculations that we have not actually collected any money from tariffs yet.

[Ian]

Yeah, well, they got a calculator that just keeps running. I don't know. We don't know where it's coming from.

[Brian]

It's all an illusion. The reason why he gave away the money in Covet, because it was gross mismanagement of what happened out of Wuhan on his watch. So he had to financially lead with money to offset that there. And the same thing is happening again. It's a sign. Even Mondami winning the way he did in New York is an indictment upon his leadership in the Republican Party and how well they're not doing the make America great again slogan hasn't really worked. The American economy and the stock market are tied very loosely together, if not at all. And even if you look in the market, it may be 17 or 18 companies out of the S P500 and the overall 6, 000 stocks that are doing incredibly well. If his campaign was going well, you wouldn't have to give $2,000 because why not actually pay down debt? So it's been mismanagement on both sides. And just from world travel is. If we're going to be very frank, if we had this conversation. Most countries are running. I asked somebody this yesterday, in the last 50 years, how many presidents who have we had? There were great presidents that have done great for the economy. No one could name five. That's an indictment on the political system, the American economy and then too much spending. It's a band aid over a bazooka wound. And inflation has gotten up so high the $2,000 won't have an impact on. You can't pay rent for 2,000. If you have four kids, you make that 2,000. Be going on Christmas dinner and presents is not going to help. And we're going to be on that as a result.

[Ian]

It's like the list of things like when we talked about it during COVID Right. I'm putting my names on the check. Here comes the tariffs. He was. He brought up the. The Commander's game. The. The D.C. stadium got approved. He wants that now to have his name on it because it happened during his administration. And they.

[Brian]

He.

[Ian]

I guess he thinks, you know, his say in the matter actually persuaded it to actually get done. I mean, it goes back to that marketing brain and whoever it is. I mean, at this point, I don't.

[Brian]

I can't.

[Ian]

I don't think it's him. Obviously there's a smart team around him.

[Brian]

But.

[Ian]

But how can we make a moment? How can we keep these moments happening? This is just year one. There could be some. Some headaches in the next couple years. And so let's get in front of it. Hey, remember I did this for you. At least did this for you.

[Brian]

The core tenant of marketing is the actual underlying product has to work. What makes Apple advertisement so great is that when the iPhone came out, it did what Steve said it was going to do. This administration hasn't. The only people that have really gotten rich from this administration are those of us that are investing into the market. And then his inner circle, the American people aren't feeling richer as a result. Credit Card delinquencies at an all time high. Auto loan repos are going up to an all time high. The job market in October,158,000 jobs were either reduced or taken out of the market which matches the number of 2008. I sound like Bernie Sanders.

[Ian]

Yeah.

[Brian]

This has been a mismanagement at one of the highest levels we've seen in a long time time.

[Ian]

One of those great indicators that we, we spoke about in addition to what you just said, was that student loan delinquency. Right. We're now coming on a year where that the payments happen. Right. So did I know you get the six months deferment? I've been in that position. Now we're getting into that point where we're going to have some reports on where we're at with this and I would, I would assume it would be pretty high.

[Brian]

Right. And I'm asking all of us.

[Ian]

Yeah.

[Brian]

What's the probability of it getting better on either side? I keep stressing this. I don't know one person on either side of the aisle that has a solution to fix this so much. So Palantir said, hey, I'm done. You guys should be done with college. Just come work here directly. Like the American education system is dying. The collegiate student and now one side of the aisle wants to say, well, everyone was too woke and you got the wrong degree. It's like, no, there are people with bachelor degrees in business that can't get a job. The people with engineering degrees that can't get a job. It's not just the liberal arts kids that made a mistake. And there's so much blame to go around. Rashad, you make this point, the difference between here and UAE, like there's one person in control in the States. You really have 51 different types of leadership and it's not working. It hasn't worked for the long like if our peak was 2000, 2001. It hasn't worked for 24 years minimum. And there's no correcting it with the formation of bricks. And we had a Daniel's conference. Someone asked how much longer does America have before the number two? The estimate is 55 years. But the signs of it are trickling into the economy. And it's not just people who are upset so much. So even Peter Thiel in 2020 sent a memo out to Zuckerberg of the socialism and socialist rising and Madame is probably the first person. But I think over the next couple coming years, with the cost of everything being so high, this movement is really Going to take off.

[Ian]

Yeah. You brought up the Palantir thing. It was actually something I'd love to hear both y' all opinions on it because it'd be pretty insightful. What he said was that college is no longer a trusted breeding ground for our brilliant. Right. So that what, what the idea was is he hired 22 paid interns for a four month program. @ the end of the program he's figured out who was the best and maybe I think two or three of them were selected to have full time positions. Is that a model that we can see that is formidable for the future? Right. If we're looking at the student loans and we're seeing how much college costs, can we now just pick our talent? I mean they do it obviously in athletics. Can we now do that in business where picking the best talent out of.

[Brian]

High school, it's short sighted, not being these companies, it's, it's a good idea. I think it's a good bridge, but it's short sighted. Now, does the American college system and education system have to be retooled? Yes. I don't think they want it to be though. I don't think anything that's broken in terms of an institution, if it's not fixed, they don't want it to be fixed. Just like capitalism, there's parts of capitalism that are incredibly broken. They want it that way though. But he got that model from Teal, which Teal invested into Palantir. So it's a bridge of anything. What do you think, Rashad?

[Rashad]

Yeah, I think it, I think it's definitely something that makes a lot of sense for people that's extremely gifted. I think the college thing makes sense for people that are still trying to figure out like even in sports. Right. Like if you know that you're LeBron James, what's the point of going to college? So if you already have signs pointing that you're a computer genius and you know you're already on a trajectory to go to Silicon Valley, why, why waste four years in school learning about, you know, Greek mythology and, you know, all types of other stuff that you don't really necessarily need. They can just take you from high school. But a lot of kids don't know what they're going to do or, or may not be exceptional in one thing. They haven't found that exception ability yet. So that's where I think the college kind of gives you time to figure out, okay, this is really. Because sometimes you go to college and you think you're gonna major in One thing and then two years later you change your major. So. But yeah.

[Brian]

Is that wrong?

[Rashad]

What?

[Brian]

Like if a person bought something from us and didn't know what they wanted to do, would that be right or wrong? I, I always hated the pitch of college that come find yourself here because the cost is too high to do. So.

[Rashad]

Yeah, I mean, yeah, it's an argument. But then also, yeah, sometimes you, sometimes you don't know, though. Sometimes you don't know. Like, especially when you're young, if you're 17 years old, 18, you really. What you think is not necessarily what it is. Even when you're 22, you might not, you know, fully, fully be able to make a permanent decision. You might not be in a space to make permanent decisions at 18 years old.

[Ian]

I don't think so. I think we're, we're three prime examples of that. What we were doing at 20, 21, we're no longer doing. Right.

[Brian]

Like, yeah.

[Ian]

Do you see what I'm saying? Like, whether it was in. At that time you were still in school, but at 21, I'm trying to figure out if I'm gonna be a teacher. Like, all those things are building blocks to get to where we're at, but they're not necessarily the core thing of, of what we were thinking we were going to do at 21.

[Rashad]

So I think that, I think that for me personally. Right. Yeah. I always wanted to be in business. I didn't want to go to business school because I understood that was going to be a lot of math equations and stuff that I didn't even really need. I knew that early. So getting a communications degree for me was something that was a safe bet. And I knew that, you know, you can't really go wrong with communications, but I'm not fully relying on a communications degree. And then I started working in finance in a route that I could work in as far as a financial advisor. And then it LED media wasn't in the. In the bingo cards.

[Ian]

Right.

[Rashad]

But business 100, surely. So I think that, I think that.

[Ian]

But even inside that it was uncertainty is what I'm saying.

[Rashad]

It's always going to be uncertainty because.

[Brian]

You'Ve never, you know, it was uncertainty without him taking on a certain amount of debt, though. Like, I think if, if. Okay, I'm let you.

[Ian]

Let me just. I'm gonna let you finish that because like, I. We've been around each other for so long that I'm talking about.

[Brian]

He's.

[Ian]

We just graduated in school. Like, I'm about to start grad school, he's just graduated and it's like well what's next? And I'm like yo, this is what I'm gonna do. He's thinking like yo, this, I think this is what I'm gonna do. So does that. We're gonna be professionals. There's still uncertainty. We've already finished college and a lot of people in that boat like I've done it. Most people don't even get to that boat, like they don't even finish. But now we have finished. We have this quote unquote degree. Now what that uncertainty to me from.

[Brian]

A business model standpoint, if someone bought stock club for me and I started delivering mathematical formulas for how to harvest corn, you're going to be like what the is this? That's our American educate. Like even they're treating it like a wellness retreat. That Karruech you did in Mexico, come here, find yourself. And maybe opposed if you look at other countries and how they're structured, they're helping you design your career path at 12, 13 and 14.

[Rashad]

Well also what you said, okay tying this back into investing, what you said last week was vitally important and you said this a few times. Diversification is overrated. Yes that, that's the problem with the American school system is that you go to a college and no matter what you major in, you got to take a variety of different things. That's not part of your major. That's overrated.

[Ian]

That's the business part.

[Rashad]

So if you want, if you want to be an entrepreneur, realistically they should just be teaching you entrepreneurship skills from day one. You shouldn't have to go to you know some to learn about the history of dance because that's a requirement for your liberal arts degree as far as the university. And then you gotta do, you know us, you know a six week trip to France to require requirement and you gotta do this like if you want to learn. This goes this back to the Palantir. If you want to learn one thing hyper focusing focus better then the idea that learn about everything so you could become a well rounded person because nobody, because you're not going to be well rounded anyway. Most of the doctors that I knew knew nothing about finance. To this day most, most of the people know nothing about politics. So the idea that you're going to go and become a well rounded person and know a little bit about everything and that's going to help you out in life is, is completely highly overrated. But I do want to come back to investing. Michael Berry Some very Somebody that has become extremely famous in the world of investing from, you know, legendary big short position. But he's been very controversial since then. He made some big puts and bets to the downside on some of the top technology companies. Palantir, heavy, heavy bet on the downside to Palantir and a heavy bet on the downside Nvidia came out last week. And then, you know, both of their stocks have stumbled last week unnecessarily because of that. But, you know, the market itself has stumbled. And then you had CEOs of Goldman Sachs and a few other companies saying that, you know, we're going to have a fall in the market in the next 12 months or so. And then there's been constant talks of the AI bubble. So picked up today on news that the government shutdown is going to be over soon. But for people that's invested in Palantir and Nvidia, is he on to something?

[Brian]

I love Michael Burry. I want to preface that one of the greatest trades in American history to what he did and calling that bubble, which he called at Moody's before all my traders and investors, to think that I cannot stress as a stock club, you don't know what his parameters are for a winning trade. So he may have a billion dollars in puts on Palantir and Nvidia and he may only want 12 gain. And you're deciding what to do over the next five years off of his filings. I will remain long on Nvidia and Palantir even though I don't like the company for what it does. The more I listen to Alex Karp, the more of an amazing CEO. I wish, I mean, I think he is and I wish he was at another one of my favorite companies. I won't say which one, but I do like his chutzpah. I was the first one to say, hey, the crash and correction is going to come in 2027. But Nvidia is not going to be one of the companies that crashes in 27. And Palantir, ironically enough, given who has influence in the White House, being Peter Till, his company is almost too big to fail as well. So when you're looking at someone else's portfolio, a, you need to know if they're holding for long term or short term, and B, if you don't know what their metric is for a winning trade, you can't base your long term portfolio off of their move. He may need 20 deliver to deliver Alpha to his clients, which in the options trade is really easy to get. And he's been wrong. I mean, a couple years ago he said, sell everything.

[Ian]

I was like, I was going there, go ahead. So there is merit. I will say this. This is a brilliant mind. We're not going to discredit him.

[Brian]

Yeah, for sure. One of the greatest all time. And really quick, stop saying he only got one thing right. He managed his capital and his own capital for decades and never went broke while fighting the government and big banks in that trade. He's been right a bunch of times and has been right, but he's got a couple of them wrong. And I think this is one of them.

[Ian]

Even, even if he got the one thing right, that's the one thing right. Like if, if you made a billion. Yeah, hey, okay, I only needed once. I only need to make it there once. But there's a part of it that, that has merit and that's the, the oversized valuation of the company when we're talking about Palantir. So the amount of money, I mean these are large sums that he, he's put shorts on. So I think roughly a billion dollars that he's putting in shorts. I think 170 is Nvidia shorts. And then you have about 890 to 900 some, some number like that for. From Palantir. So that Alex Carp, the CEO Palantir said he's batshit crazy. But the valuation, if you look at it from Palantir is extremely high. It's extremely high.

[Brian]

And that is concerning going to war into 2028.

[Ian]

Well, certain things have to happen in order for that. Right. And everybody that we talk to in the tech world is like, hey, we. Defense tech is the wave. And we're seeing it happen, happen in a lot of the global tensions that are happening or have happened, especially this year. This defense tech is being tested and being used. I want to run down the list of the, the times when over the past five years. So most people, especially in market Monday's world, have didn't live through the Great Recession when Michael Barry actually.

[Brian]

That one.

[Ian]

Right. But they have been here since 2020. So in 2021, some of the glaring misses, he, he actually shorted bitcoin. In March of 2021, Bitcoin was at 31,000. By September of March of 21, it was at 64,000. So there was a miss there. He then said, this is before IPO, before Robin Hood had IPO'd. Robin Hood was turning the market into a dangerous casino and took positions against that. Obviously, we've seen what Robin Hood has done since IPO and it's had a miraculous run this year. It's been one of the best stocks performed. There was that moment in January of 2023 and I think you were kind of alluding to that and where he famously said to sell because there was going to be one of the biggest crashes of all. He was calling them the mother of crashes where the S P would perhaps fall 50% in 20, 2050 crash.

[Brian]

The probability is less than 3%. I love Michael but.

[Ian]

Well the. The S P rose 21 in 2023. Nasdaq was up 27. I think the Dow Jones was up 24. So he was off. And to that he apologized. Right. He said to his credit he apologized for it. So if you're using him as a metric not should you be trading like you said, you don't know what his incentive is or what he's looking at. If you're using him solely these statistics would would tell you. You know what? Probably not the best thing. Can you see some of the reasons why he's saying this? Yeah. The merit inside of Palantir Nvidia. I don't think there's the same case. I'm interested. I couldn't get the tea leaves on why Nvidia outside obviously the AI story and that constant fear of that bubble word inside of AI. But I'm with you. I'm glad you said it tonight there is going to be a moment of correction inside the space and some companies won't exist but that's not the one.

[Brian]

That's not one. And lastly investors and traders we can suffer from traders delusion meaning the thing that caused and produced our biggest trade. We think that's going to work for every asset class. So because his big win was the big short him I've said it before, the big long pause is the movie that you guys should be running in your own life because you should be long all tech bitcoin which is tech and even the reason why gold went up so much is because China, UAE and other countries and bricks were buying gold and net net net positive buyers of gold. So sometimes you can be so focused on trying to recreate a win and that's not the natural direction of an asset. Most assets are rigged to stay up even with Palantir. Not the biggest fan of what they do personally but if I have the backing of who funded me the same way Apple will make that iPhone 11 not work or iPhone 12 not work as well when a new one comes out. You don't think they can Manufacture a crisis to make Palantir go up to 300. You can manufacture a coup kerfuffle internationally to make sure something happens to make the value. And also too, if they're telling you Sam is next. But in that darling IPO class, Palmer's right there at Andrew. So if Andrew is valuable, that's also going to drive up the value of Palantir. Because now you have comps for defense tech.

[Ian]

Yeah, I think that's the piece that we don't think. We don't think about. Right. Like we're talking about defense tech. Defense tech. At some point, they got to test this thing out.

[Rashad]

Test 1.

[Ian]

The Defense Technology that they're actually making.

[Rashad]

They have tested out. They're not testing out. They're using it.

[Ian]

This is what I'm saying. Right. So he kind of alluded to it, and that's why I'm like, allegedly, like, sometimes crisis or conflicts are created or created just for a reason.

[Brian]

Well, they'll use some of them draws to spot. Here, go over. Go ahead. Not here, but the States.

[Ian]

Please, please.

[Rashad]

You don't need. Even if you don't use it, you still. You're still gonna buy it. You're still gonna buy if you don't use it. So, like, if somebody else has a gun that is bigger than your gun, then you got to get a gun, Then you got to get a bazooka, then you got to get Tomahawk. You might not ever actually use it, but it's the idea of fear through intimidation. If you know that I have something that can completely obliterate your whole entire country in one second, you're going to be it more, you know, cautious. How you. How you handle the business. So their technology is getting used currently. As far as the surveillance, as far as face recognition, as far as drones, that's getting used. America and. And other countries currently. But everything that they're developing is going to have to be purchased because nobody wants to have the weaker arsenal.

[Ian]

You can't afford to.

[Brian]

Especially with the dollar falling and crisis arising, bad leadership in the country can't afford to. And America searching for IPO and publicly traded darlings to help the debt situation not be worse. Like I ask everyone all the time, is America better or worse off without Nvidia? They are the two new big. I know people keep saying, well, it's like Cisco or like Enron. No, they're actually producing at a high level. They are the pillar that's keeping the American economy afloat. Meanwhile, China's open, sourcing everything to Try and beat us. And when people have an issue with spend, we're, we're spending that much capital and forcing people to work together. So, so China doesn't beat us. Even Apple and Bay, we can't get the AI thing down. Can we just pay you to fix our AI? We're seeing old partnerships come back that once died and now Tim Cook and Google CEO are sitting down figuring that part out and it's working pretty well.

[Ian]

Yeah, that, that search number just went up just when we thought that it went. But that. You're right, man. This is, and this is why we kind of started that conversation last week. Like who's the most important? And we're talking about national security for the next, I mean foreseeable future. This is a company that has to be protected and is, I mean we could say too big to feel at this point.

[Rashad]

So for people, okay. On their financial journey and they hit, they finally they become a millionaire. Okay, what should they do next? Like what's next after you become a millionaire? I'll give some advice. Make any large purchases, including sort of.

[Brian]

Say it again.

[Rashad]

Don'T make any large purchases.

[Brian]

Yep. Stay in the same place you've been.

[Rashad]

In, including a house.

[Brian]

Rashad, they're gonna say that you're anti holmist. I'm not gonna let this. No, no, but tell them why that's important.

[Rashad]

Yeah, because your primary home, unless it's a multi family home, is not going to be a asset for you in the moment over the course of time, but it's going to be a liability for you in the moment. So you're still trying to collect as many assets as possible to grow your wealth. You don't want to take, you don't want to take two steps back after you made three steps forward. So you make a million dollars and you have a million dollars and then you spend 700, 600, 000 on a house that's going to cost you an additional 8,000amonth. That's going to cost you an additional 30000 a year in taxes, furniture and landscaping. Right back to where you started, a couple hundred thousand. And like Meek Mill said, that ain't real money, that's bail money. No disrespect, but that law one one, one bad situation and now you back to rock bottom. So it's about, it's about playing a long game. Real estate for sure is a good investment over the course of time. It has always gone up in value, but it can hurt you as well. So if you're going to buy real estate. We talked about the multi family play or about, you know, as far as having, you know, places that other people live in. And now you're a landlord and you're collecting rent while you, while your asset applies, appreciates. And you might want to continue to actually rent a place because if you actually doing business out that place or structure properly with your CA cpa, you can write that off as a tax write off but you're still keeping large sums of money. You have access to it. You never want to tie your money up until you, you can, until you can properly afford it. Then when you get to a point it doesn't matter. Then it's like it doesn't even matter. But until then, when you first become a millionaire, some of the trappings of success is the real estate, large real estate play.

[Brian]

It's luxury car bs the luxury car.

[Rashad]

Done the wrong way. Right. As far as putting $200,000 down or buying a car to $250,000 outright in cash because you feel like you have enough money when that's going to go down in value and then by the time you sell it, you're going to get 50, $75,000 back out of it and you just lost $150,000 for no reason. Avoiding lifestyle creep.

[Ian]

Yeah, important.

[Rashad]

And just continue to invest, continue to invest in smart investments and to really, really value and respect the money. You gotta respect money. I'll tell this story, I told this story on M2N and they was telling us about Aliko Dangote and Aliko Dangote, the richest black person in the world, Nigerian tycoon. And they were saying like, you know, he was kind of like he had a situation where he was like buying something that was pretty minuscule in the grand scheme of things, a bagel or something like that. But he was just, you know, kind.

[Ian]

Of going, your business is one of.

[Brian]

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[Ian]

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[Rashad]

The bill with the waitress just to make sure that you know he was getting charged for the right thing. And some people might look at it like, well, if you worth $30 billion, what's, what's the extra $10 going to do? But it's a mindset and it's a mindset of entertainers that, so you, on one hand you got extremely rich people that'll look over every line item, everything, everything. Then you have other people like some entertainers or some athletes that will just say, ah, it's an additional $5,000 here and there. I, I, I, I'm not too stressed about it. I'm getting paid 50, 000. If I can't, if I can't get the, the Phantom to pick me up, I'm not gonna go to the show. That type of mindset will lead you broke because you're not valuing the money because you have money coming in. So you're not looking at it from a standpoint of it doesn't really mean anything to you until it does.

[Ian]

Yeah, I think that that's all spot on. I think living below your means is something I'm doing it for. I mean, I'm gonna talk personal standpoint. It was like at first made a million, how do I make two?

[Brian]

Right?

[Ian]

Like, how do we double this? How can I double this? Not how much can I spend, how much, how do I double this? And what time frame can I double this in? The next thing was like, all right, we made a million, how much of it do we actually keep? Right, because that's the other part. Let me figure out how I can make these tax incentives to actually keep a majority. If I can. And then it was, all right, let's live below your means and so make the million. Look at, especially in real estate, having a home. Like, I had a home, and I'm looking at, all right, my income is going up. Do I get the home right away? No, man. Like, we waited five years before we bought the home, right? I'm still living in the home that I started to show in, right? And so I'm. When I started doing the calculations, I'm like, I remember watching somebody break down, like, how much your monthly disposable income to go should go to your living? And it was like, oh, 30. I'm like, nah, I gotta have it at 10. You know what I mean? So made a million dollars and my mortgage was 3,000. I'm less than almost like 1% of that income. I'm like, okay, perfect. I don't need to have a home. How can we get cars? But we can do it in a strategic way that makes sense, that it can be a tax write off. So now we do that. Now it's just a clear road to saying, all right, I've knocked down all those barriers. How do we get to two, right? What do we have to invest in? What moves do we have to make? How can we strategically align ourselves in partnerships that can get us to. And so once you get to the 2, it's like, all right, well, how we get the 4? It was the same idea that I had when I was working, saying, all right, this is what I need to stop working. All right, this is what I need to do to stop working. Plus have my wife stop working. And so always having that plan and being disciplined, like you said, respecting money, being disciplined with money, but also being super vigilant with money. Like, you watch this, like, in the world we live in, right? Especially in. In this world, and definitely during that pandemic era, you see it coming. You're being mindful of how money is being respected, how it's being spent, how it's being abused, and you're also watching people no longer have it. And so like, that becomes, like, the catalyst to say, all right, now we got to be even more stringent with it, because like this, that's a telltale sign. That sign wasn't put into your life for you to just ignore it, take heed to it, learn from it, and figure out how not to make those mistakes.

[Brian]

Great question from this brother, and I appreciate you asking it. Number one, what I was told, no lifestyle creep until you get to your first 11. One is good. Your nose is above financial water. No lifestyle creep until you get and that's the thing that I live by. And even after you get to 11, you can argue to minimize lifestyle creeping number two, invest in things that increase your happiness index. The thing that people don't tell you, like after you hit these monumental numbers, the high of hitting them goes away relatively fast. The person who you became on that journey is more important than. I used to hear that like just give me the millionaire and and but you'll hit this goal. And now there's a level of emptiness because now you realize I just got to the first level of the mountain. It's a lot more to climb up. Third, be debt free. I know a lot of people gonna tell you some debt is good and there's no better feeling than owing nobody. No institutions, no banks, no people, nothing. Being free and clear is the way to go. And then lastly, you have to put your money into assets that have zero probability of going to0. If 10 years ago I told you bonds were not a good investment, you would have thought I was an absolute cycle. Here we are half decade of bonds being underwater. So look for the investments that won't go to zero and that will give you a great return on investment that will allow you to sleep well. That's why when I tell you guys if you're asking me every week about a particular company, is it overweighted, you are investing either at the wrong price or the stock's too volatile. And if you do those five or six things in combination, you'll be great. NBA. Okay, but no lifestyle creep till you get to your first 11.

[Rashad]

Yeah, I mean just don't do anything stupid too because sometimes that's. That is a golden rule. Invest your money no in stocks long term. Like you said, good companies avoid large purchases. Don't buy jewelry. That's another thing that you think you might be doing something that's intelligent like a house but watch is not going up in value 9 times out of 10 that's that they told to you Diamonds in shambles. Right? When all time long decent Bob these countries brought the beers at a moment when diamonds about to be worthless.

[Brian]

Huh?

[Ian]

All time low.

[Brian]

I just.

[Ian]

I crazy you said that I just looked at a chart of the value of diamonds. They're at an all time.

[Rashad]

No, they're all time low because lap dime I was talking we on Eric. He said and he was, he was, I'm asking him about and he's like yeah, no lab diamonds. He's showing me lab diamond he's like, you know, look at slap the diamond. Like, you know they do the diamond test.

[Brian]

Driving tester. Yeah.

[Rashad]

Diamond test on the lap. Diamond comes back as a regular as a real diamond. So why would I pay for something that I could actually manufacture? And it's the real thing. It's not even, it doesn't even. It passed the test. Diamonds is dead. And like I said, it's crazy. It's an extremely unfortunate situation because like they just. One of my guys shout out to Alvin, he actually sent me that yesterday. And they was like man, this, this is dope. Like, you know, I'm saying like we finally, we got one as far as on Africa because. And Angola and Botswana teamed up and they, they formed a partnership to, to buy through the beers, I think. And I'm like, yeah. It's just interesting that that was the timing of it because diamond's at an all time low and it's probably not gonna be worth the same thing. So there's a reason why they sold the company for sure.

[Brian]

It was that they were the liquidity to get out. And I keep saying that when you get money, every company on earth finds a way to rob you legally. Meaning every watch company, diamond company, luxury experience. Everyone has a 70,000, 80,200. Like just every watch company, Jacob has his resurgence, right? There's some watches going for 900,000 that are worth a hundred thousand. You have to be careful. And I know it may not look fun, but most of the people who are posting on the gram for the grammar, they're not happy. They, they are asset light, liquid light, be careful.

[Ian]

Extremely light. That goes, it goes into that theory of like you start to question anything and everything, right? Like you, the average person walks up to a diamond ring or a diamond, they're not going to know the difference. And the diamond then they're natural elements. And so a lab can create something that put those elements together at the same cut, same clarity, add color. You can see why that business would be very disruptive.

[Rashad]

I mean not even the average person. No person. If you could create something that's literally the same exact thing and test on it. No, no person can, can tell a difference. That diamond industry, that's terrible for the diamond industry. Unless you just have so much money where you just say like I just want just real diamonds.

[Brian]

And if you have a good jeweler, they'll tell you. Not even shout out to Big Mike Mike. But it's not even worth you getting the real diamonds for what you can.

[Ian]

Do at that point. Do it matter.

[Brian]

It makes. He's like, it's a bad investment. He's a jeweler. No, be careful. Everybody has a 190000 car to say now if you had 1 million in two days, you can run through a million dollars. If you're stupid, you can. Diamonds are girl best friend. If you got three girls, you're gonna be out of 60 real quick. And then when that doesn't go well and they go pawn your ish off. That's why I keep saying put the money into assets that matter. Yo, be careful. And some of y' all getting robbed by women who got bbls. Be careful, be careful. Stay invested for the long term.

[Rashad]

Long term.

[Brian]

Ten years at least.

[Ian]

And you're whole the BBL play.

[Rashad]

Talk about Google. Is Google a sleeper AI company?

[Brian]

If I wanted to wait to December, one of my favorite comeback stories of just flawless execution is Google. Google has done everything I wish Apple would have done. I can't wait for this update to come out. But just at the highest level, when people were even starting to say, well, AI erode their search business completely, they found a way to invest and create AI at a faster scale. And it's a great thing to be in focus because as Apple lost their focus they were able to come in and be, be a partner. So it is a sleeper AI company. We've been talking about it all year and I've clearly said like once they made the, the switch and focus, I was the first one to say, hey, they've, they've writed the ship. So I don't think they're, they're a sleeper company but I do think they are the quietest of the big tech companies in AI but that's because they're actually executing at a high level, I think.

[Ian]

Yeah, I don't even know if I want to use the term sleeper. I remember about a year ago we were talking about this, this topic and I think the one knock I had against him was that they didn't have the product, they didn't have anything.

[Brian]

Right.

[Ian]

There wasn't a thing. And then I spoke to some people in the tech world and they were like, naturally, trust me, the thing is on the way. So obviously using that information, doing the research start to get some calls on them and did pretty well on those calls. And then at the All Star Game this year in San Francisco, we, we were enlightened by some of the folks at Google. They had been watching the show and talking to us about some of the product things that were coming and we should just, you know, give it, give it some time and then set some products over to us. And what we've seen is when we talk about the clips earlier, this is, this is the technology.

[Brian]

Just quiet, just executing quietly.

[Ian]

They're executing at the highest level. The product is phenomenal. When we're talking about AI, Gemini is still one of the top three, right? For sure.

[Brian]

And still improving.

[Ian]

And still improving. VO3 is incredible. Last week they talked about their potential new deal with Apple to be the search engine. Google has had a, had a phenomenal year. They reported earnings last two weeks ago at an amazing quarter. Innovation looks incredible for the future. They're there, man. They're there. In fact, I was reading an interesting piece about how they're looking at search going forward. Right when we had the sky with the Internet, when AI like chat, GBT and cloth had to scour the Internet data source was. Was Google, because that's the place you go. And now they're saying like in the future they're going to shorten that search so that models can't take it.

[Rashad]

Which was.

[Ian]

We'll see, right?

[Brian]

Yeah.

[Ian]

I feel like they were a little late to that though, right? Had they saw that train coming, they would have stopped.

[Brian]

It reminded me of Netflix stopping the Passport share. Like if the. If data is the new oil, they have all the oil and the refineries. Sam, while you're being arrogant, which you can talk about in a little bit. Okay, well let's cut the pipeline off. And VO and Nano Banana. Every update that Google does, it felt like at one time, every week they were launching a new improvement. Just, just a fantastic. And once again, everything they're doing, I wish Apple would have did.

[Ian]

Yeah, yeah. It's interesting, right? Because I didn't. Now that you said. I didn't even think about that. Like you cut that, that pipeline off. And for those. That was. What I'm trying to explain here is that when you search, right, like, and Google has like 30 O's inside the word, that's how many search engines that they've done to come up with results in the future, they're saying that they'll cut that down to maybe two pages, right? So remember when people used to go SEOs and they're like, oh wait, we're trying to land on the first 10 searches. Now that'll be confined so that the other companies won't be able to use that database to use inside their platforms, which is interesting. Could Apple have done this? I think Apple could have done something in artificial intelligence. I Think the role is defined now. They're going to sit back and watch and say, how do we improve? How do we innovate inside of what's already happening? Google is just innovating. They're just innovating at a very high level. And every time they innovate, there's a response. And so when VO3 came out, we saw Sora, they updated. Here comes Sora too. They're leading the way now, right? Like they're leading away. Search engine is there. It's. We know that that is a huge business and obviously they still have that Goliath called YouTube which is gonna say.

[Brian]

And once they figure out how to integrate veil into YouTube for creators, if you want a cable company sell, what would be like?

[Ian]

What's reality at that point?

[Brian]

It's tough. Huh? Huh? Job well done to everybody at Google. Once again, I wish Apple would have done the same.

[Rashad]

So there's a thing called the Santa Claus rally in the markets where traditionally has gone up towards the end of the year. So people want to invest in in stocks or crypto. First off is what. Which one should they invest in, stocks or crypto? And which stocks and what crypto should they invest in?

[Brian]

Should you invest in stocks or cryptos? Both for sure. It's not one or the other. So great question. Bitcoin, the predominant crypto. Ethereum is making some moves. Xrp, I think still has some value. Which stocks? The ones I've always talked about, love from Nvidia, Microsoft, Apple, Google. Open AI when it becomes public. If Sam puts his arrogance away. And the real one that becomes public. Eli Lilly, you're good. You only need four. You only need four assets to get rich. You only need four.

[Ian]

I notice that you keep saying the same thing and you're right. And I think people need to realize that, right?

[Brian]

Can we talk about that? Okay, here's a key lesson, Rashad. You can try. Mitchell. Don't blow the bag before you've acquired it. Like shout out to Brad Gerson. He just asked him a simple question. How you could be into a million and a half of spin and you only have revenue of 13 billion. Sam's response was, if you don't believe in a company, I can find someone who can sell your shares. Okay, I understand the quip because people do want to open AI shares, but that's a wide ass gap in spend that you're committed to versus revenue. It would have been a better thing to say we're 13 now. We're projected to be a 20 by the end of this year. Next year we should be at 65 and bridge the gap. And Sam's making a lot of enemies. Very cool.

[Rashad]

His.

[Ian]

His CFO may have misspoke. And I think she did apologize for it when they asked her where are they going to get the money from to fund this. This infrastructure. And she sort of suggested like, maybe.

[Brian]

It should be government back. You wanna bail out before you go public. And I know she said she misspoke, but both of you misspoke on the same. And we've all made mistakes immediately. So yeah, that's a huge. And while China is open, sourcing all of the AI.

[Ian]

Yeah, that's. That thought alone is like subconsciously there if you're looking at ways. Which is why when we talked about the Berry Point is that some data sets you. You need to just keep in mind. Right. So when we're talking about a trillion dollar valuation.

[Brian]

Yeah.

[Ian]

And you look at. And they don't have to share their records. They're a private company. But have they made money or are they losing money? I would imagine at the rate that they're spending, it's going to be tough. It's going to be tough to be profitable right now. Will it be profitable in the future? I'm pretty sure it will be, for sure.

[Brian]

Temperament of CEO matters at least when Elon goes off the rails and he's delivered return for the public markets. Same with Steve Jobs. Same with Gates. I just think before you go public is not the time to have these enemies. Because remember, like for those of you who are old enough, when the Facebook went public, Zuckerberg had a similar disposition pre ipo. And all of a sudden, on IPO day, for those who remember, oh, the market was frozen. All of a sudden you couldn't buy any shares. It panned out to be a great investment. But that initial IPO day was a show done partially by design because of your arrogance. Got to be careful, Sam. Be careful. So, and Elon been telling some truth about y'.

[Ian]

All.

[Brian]

A tweet exchange was interesting too.

[Ian]

So you see that they, they served in papers on stage.

[Brian]

Yeah.

[Ian]

They ran upon them.

[Rashad]

So, okay, let's talk about this. You know Trump, well, he was in. He was in a meeting last week with some of the pharmaceutical executives and the guy damn near died. And he was just like, oh, my gosh, looked all the way. And Robert walked off. They all just walked off the set.

[Ian]

They got out of there.

[Brian]

Listen, if I pass out and you walk off, I'm be tight.

[Ian]

If I post for a picture While.

[Brian]

That'S happening, like, yo, that's crazy.

[Ian]

I want to be seen as strong. Let me, let me stand up right here while you, while you got your speed in the air.

[Rashad]

You shot every day. V.

[Ian]

Why did he run off?

[Rashad]

RFK ran off.

[Ian]

He got about it.

[Brian]

Whatever you got, I don't want to get. I'm leaving.

[Ian]

Yeah. I'm out here.

[Brian]

We can't afford it.

[Rashad]

All right. But on the flip side is the stock. Right. Because Trump did announce partnerships with Novo and Lily.

[Ian]

Yep.

[Rashad]

And it's interesting because the tailor, it's a tailor. Two. Two sides of that coin. As far as Eli Lilly is a company that's been on the upward trajectory for a couple months now. I actually invested in Eli Lily because of Market Mondays. I told the story before. I'm currently up 44 on a long term hold. Huh.

[Ian]

Yeah, that's what I'm saying, man.

[Rashad]

So, yeah, for sure. So that, that goes back to our buying at the right prices.

[Brian]

Yeah.

[Rashad]

So important you want University to accelerate it on the option side and amongst other things. And we're working on something for, you know, that Black Friday situation. So just stay tuned. We're working on something that has actually never been done before in history, which is a common theme for us. But you know how that go.

[Brian]

Yeah.

[Rashad]

Once you make history, you gotta do it again.

[Ian]

It is.

[Rashad]

Stay tuned. Soon that episode's gonna be legendary. The Monday before Black Friday. That's gonna be a legendary situation. But Eli Lilly is up. Novo is actually almost at his 52 week low. So.

[Brian]

Yeah, almost 5% today.

[Rashad]

As low as 45. Set 45. As high as 120. $112. So now people, the obvious thing is people can always look at what's low and say, is this a time to buy? No, that's all. This is. 52 week low. And what does this say about the pharmaceutical market in general far as investing in the stocks?

[Brian]

Yeah. My first thought was I was very interested as to why he did the deal with Novo. If you're trying to make American companies exceptional. But in Comparison, Eli Lily vs. Novo Lily is the clear leader. One of my favorite stocks. I know a couple months ago people were asking me, should you exit it? I'm like, no, stay tight for the. The long term. And I think even with the development of Pfizer acquiring a company to get into that startup space to eliminate competition, Eli Lily is an exceptional company without the GLP1s. Novo not so much. So I think this is just another thing to. To boost Lily up for the long term the farmer space is in trouble though really. Because really the bet, if you're looking at the Eli Lilly long trade is really an indictment of the food industry because even like in ketchup, you still have corn syrup in Heinz ketchup. I know Robert has tried to do everything he can to make America healthy as much as possible, but there are certain lobbying powers that is going to be hard to overcome. So Lily is the winner in this for sure. I don't know how well Nova would do long term. They will bounce off that low at some point but at this point I wouldn't want to put my money into it as a primary investment vehicle. Eli, Lily is the only company in the pharmaceutical space I love and anything else, until we get into a clear economic climate I will stay away from.

[Ian]

We, we've said this over and over. It's a common theme in, in 2025 and it's look at for the, look for the American company. Right?

[Brian]

So exceptional American company, the leader.

[Rashad]

Right.

[Ian]

So whether it was memory we talked about Micron with literally now we're talking about pharmaceuticals. It's been a leader hit his 52 week high. When we, we talk about GLPs, I.

[Brian]

Mean.

[Ian]

Now that they can become affordable, right, you open that up to a wire base if you can get health, I mean who knows what's going to happen with the health care situation. But if that could be part of plans where people can pay subsidized for that. America is the prime market. I mean it's there unfortunately. Yeah, that's the unfortunate part.

[Brian]

Right.

[Ian]

Like it's the unfortunate best market to have that because of obesity in our country. And it, it's sad to say but it's the truth and there's a fix to that or there's a solution or something that can help with that. Which would GLPs have done? Obviously that wasn't their original intent but to, to have them at an affordable rate, to have them potentially a part of healthcare plans, I mean you can see the direct benefit. But I think what you added is important. Were they a strong company even if they didn't have GLPs? Yes. The fact that they do, they're American company, they're expanding, right? We, we've, we've seen the expansion. We're watching it happen in front of us. It's why it's, it's in the portfolio, man. It's one of these, these companies that is going to be especially when an administration is looking to make sure that manufacturing production is happening here. That checks the box.

[Brian]

My only fear with the price being slashed that much is what how many lawsuits will come four or five years later. I know Lily, they probably hedge incredibly well. No, I don't know. I would love to hear from an executive there. But if they're so cheap and so affordable, when the case studies come out in three or four years about the effects of them long term, you have to be ready for a lawsuit. And that's my thing with Lily. They have a bunch of other drugs that are amazing. Novo and then also too like I mean Peptides are making a surgeons in America. I think this GOP one run is going to be short lived. And if you're same way with Moderna and and Pfizer solely focusing on Covet as your main revenue driver, if it's not a long term product cycle, you're going to be in trouble. So that's my only concern for it. But Lily should be should be at a thousand here relatively soon. If I made you money, please put y' all some chat. I told you I need to get rid of it. Yeah. Shout out to everybody Indianapolis. Who's that? Lily? I love y'. All. I love when they seem like oh, thank you for being an advocate. Got you hometown and shout out to my Hoosiers.

[Ian]

I gotta give you that credit, man.

[Brian]

Who's your football team looking crazy.

[Ian]

That was one of the greatest catches I've seen.

[Brian]

Yeah, that was a tough catch. Y' all.

[Ian]

Out there.

[Rashad]

Yeah.

[Ian]

Y' all on a mission. Yeah. Definitely gonna make it to the playoffs at this point.

[Rashad]

What's a pre recession indicator that's been catching your attention?

[Brian]

I don't even want to say it, but youth employment data. 9.2% of people that are 21 to 28 can't find a job. And of course there's a correlation with AI even though they want to say it's not. But if there's no entry level jobs that post grads can find and you can say well use AI to be able to get a job. But like going back to credit, they may not have good enough credit to work at some of the institutions that require a 750 middle school. I'm wondering with the surgeons of AI we probably will have a decade where youth employment goes probably the record highs. How do you then onboard them later in life at 32? And I know some people say well entrepreneurship. And that's why I think investment is so important because you can invest into the greatest companies, but if you have no capital to put into the market, you Wonder why Mandami won. Like you're looking at like if you were born in 2000 or 2003. College and the job market are a scam to you. There's no entryway to even just through the filters of applying an AI applications, filtering a lot of that out. And then Once again last month 153000 jobs were taken out of the market. I'm wondering this is going to trickle up because it's also taking white collar jobs. But if most people are graduating and have no onboarding into corporate, that's a very scary pre recession indicator to me. In combination with crazy credit card debt being at one of his highest levels in 25 years, it's scary. Like think about it, if you graduated in June, you have no onboarding unless you have a great connection somewhere into a corporate or major tech. It's scary. Even when we went to Nvidia, went to Meta, there aren't many of us running around there. And most of the people who were there, they've been there for a while, they've been tenured for a while. It's tough. If you're looking just my friends in Chicago, they're like the job market is seeing freezes in Chicago like they haven't seen in 15 or 20 years. These are people with MBAs.

[Ian]

Yeah, yeah. It's like, man, it makes me think of like the when Kendrick had that song how much a dollar cost is. Like how much is does the degree mean?

[Brian]

Right?

[Ian]

Like what's the. What will it equate to when everyone has it? You know, I was in, I was speaking to one of my brothers, a guidance counselor, but I was speaking to a few and they were like, it's kind of like what the education system has done with the National Honor Society. Like every high school has somebody in national honor society. And if every school has that and every school district has a bunch of schools, how many kids are in really in national honors, Right? So it's like it gets weakened by having more.

[Brian]

Right.

[Ian]

And then everybody's honorable. So it's like there is no separation. So if that's what happens when kids leave school, then what, the NBA isn't enough? So what does it become? Well, I have the mba, but I don't have experience. Well, do we just give it to the people with experience? And if nobody's giving experience, then what do we. We have to create? That's why entrepreneurship is so important. But also inside entrepreneurship is having vision to see opportunity. Yeah, right. Because the, there's abundance of opportunities that we might have to create, but exist that we're not seeing. I think those things are vital.

[Brian]

Charlie, what you think?

[Rashad]

Yeah, it's almost over, man.

[Brian]

I mean, even we keep stressing this, right? And I'll be even at M2 income. Shout out to Daniel. I said the most important investment after you have your investment portfolio isn't another stock is the country to be stationed in. You wouldn't have said it. That would have been sacrilegious 20 years ago. Now it's mandatory. Even if you look how this country is run. And now also in combination with that in China and then Saudi shot, you keep saying that America has no really great allies because the UK is falling apart. Most people living in the UK are not happy there. Then once again, like once you have socialism rising in a society that has mastered capitalism, which is the United States of America, the system is incredibly broken. And it's not just black and brown people. They are a lot of white Republicans who want socialism because the promises that they voted for last year have not come true. Inflation hasn't went down. The. The cost of living hasn't went down. The cost of groceries has not went down so much. So top of the show, you got to give out two thousand dollar checks like a John to make people feel as if the campaign and administration is doing well. We are in a interesting time in history to say the least. But you guys put in the chat.

[Ian]

What do you think?

[Rashad]

Yes, sir. Hit the like button and share. You gotta diversify your portfolio. And one thing about real estate is that if you are going to invest in real estate, you might even want to invest internationally. We're gonna do it in Ghana. That's happening currently. We was at Daniel's thing. He's talking about Dubai real estate. I've seen Jabril. Passport heavy. He's been talking about.

[Ian]

Yep.

[Rashad]

Man, you know what? One thing Brian told me back in the days was that John o' Brien was saying that he brought a house in Terps and Caicos. He was like, you know, okay, like, you know, after, okay, now how much do I have to pay on an ongoing basis? And they're like, no, what do you mean you brought the house? He's like, there's no taxes. Like, no, you wrote it, you own it now he's like, so I just pay one time and that's it.

[Ian]

Such a foreign concept for sure.

[Rashad]

Literally free and clear water free included in Ghana. Like, you know, they got the 99 lease renewal. So people was like, well, they. You really don't own the house because you gotta renew it every 99 years. And then I'm like, would you rather pay $2,000 at the end of 100 years to renew it for a new 50 years? Or would you rather pay $50,000 a year in taxes that increases over the course of time and if you miss one year, they take out. You don't. America. If you. If that's. If that's your logic, you don't own your house in America. You literally missed one year in back taxes. You're in trouble. Depending on what state you're in, after 18 months, they could take your house.

[Brian]

Yep.

[Rashad]

You had this house for 150 years. It could be your family for 100. Doesn't matter. You could have paid the mortgage for the entire duration of the mortgage. You could have paid property taxes. You fall on hard times. You can't pay property taxes after one year. Like I said, depending on what state you live in, some states they could take it in a year. The most lenient, it takes like three to four years. But in any state, after five years, they're taking. They're taking your house at. In the most lenient state, they're not going to give you more than five years. And the most conservative thing when it comes to this type of matter, they're giving you 12 months. Figure it out. And then your house is going to be for auction. So you don't own your house in America. If that's the logic.

[Brian]

And you know, property tax, it was one of the first subscription models. Gets the ideas from government. Go ahead.

[Rashad]

And it is guaranteed to go up. It's not like, okay, even that would be okay. If I'm paying $10,000 in property time. Okay. I could budget this in. Okay. I know for the rest of my life I'm gonna have to pay $10,000 a year. Okay. Even that psychologically, you don't even know what you're gonna be paying. You could start with thousand, then 25 years from now, it could be 30,000. How can you prepare for something that you absolutely know, don't have any idea of how much is going to be in the future?

[Brian]

It's a horrible thing getting off that gold Standard back on 72. But there's some stable coins who buy gold right now. Yeah. You got to invest in other. Other landscapes, other continents for sure. As a hedge.

[Rashad]

Diversify. Yeah. International exposure. That's important.

[Brian]

Even though it's a lot of DI highs up there in Washington right now.

[Rashad]

That's a fact. CMG and CAVA are those investments to.

[Ian]

Stay away from presently, I'll say yes. The retail space itself, especially in. In that sector of food, are they one and two? No. Did Chipotle move like a one for a few years? It has. After it split, has it performed?

[Rashad]

Yeah.

[Ian]

The CEO change has obviously, you know, it's under 38 now. Cabo was one I was big on in 2024 just because of the business. The debt structure, them having no debt, their year over year store sales, that has changed. And that's how politics can come into the. The actual company.

[Rashad]

Right.

[Ian]

When you're talking about government shutdowns, when you talk about government layoffs, the year over year, same sales. Stores don't look the same this year. All right, so you see Cabo, which is. Was trading at over $120, is now at under $40. Do they still have the same structure as a business? Yes. But do they still have the same amount of customers coming into that business? No. And so that's one. It's an interesting scenario, Ian. Makes me think when you used to say, I don't want to invest anything that has an engine. Right. This one, it relies on people moving their feet inside of that establishment. Now, they've had great growth, but when we looked at it and we actually did a case study on it, when we looked at where their retail stores were cava, a large majority of them were sitting inside a dmv. And if you think about the dmv who works in that area, a lot of federal employees. And so if they're not going to work and if they're not getting paid and there's layoffs, the fast casual doesn't become fast casual anymore.

[Brian]

Right.

[Ian]

We're not eating out for lunch every day, and you kind of need that space. So the expansion has slowed down a little bit from.

[Brian]

From.

[Ian]

From a standpoint of adding new stores. Is the product still great? I think so, yeah. Will I be in it this year? No. Do I see it getting back into a growth stock in the next three to five? I think so. I just stick to the CEO, and I was very happy to see how transparent he was when they had their. Their earnings call a few months, a few weeks back, how transparent in the vision for the company, how much he had a belief in the company even in the turmoil that they're facing now. I think he got on and they were down 11 after earnings, and he just stood on that and said where the company's going. So Kava, I still believe in. Holy. Tough one to call. I think they'll. They'll have a resurgence. But when you look and this is like that eye test. We got a Chipotle in our neighborhood. Man, it's empty.

[Brian]

It's one of my favorite exercises to do.

[Ian]

They don't look the same as they we we remember when there used to be a line to go into. I don't see that anymore. The fanaticism of it has changed. I'll be interested to see what the thing is. Is it a menu change? We'll see Fast casual was here to stay. I just want to see what the the reinvention will be.

[Rashad]

Well dieters cava they just opened up a store not too far away from where I live and it was, it was booming. So that's be interesting to see how that but from the, from that cross county.

[Ian]

Okay. Oh yeah, yeah.

[Rashad]

So from that eye test it was a very enthusiastic amount of people that was there. But speaking of that government shut down. So the Senate deal to extend the government funding signaling an end to the shutdown. I think some moderate Democrats, eight of them believe Senate GOP leaders in the White House. So this could, this can looks like it's going to be the stoppage to the longest government shutdown in American history. We can go through the details if you want or we can just talk about the implications for the market which had a positive uptick for the stock market enlightened in light of that. So what does this look for for the end of the year?

[Brian]

And the year will be incredible. We'll end the year on a positive even if the shutdown I know today has been positive. But normally Fridays and Mondays are positive days for the market. And it's a lot of hedge funds cycling in because you don't want to not have certain wins going in as you're recruiting. So I know a lot of people were worried if this continued would have an impact on the stock market. Even going back to the carbon Chipotle point once again, please write this down. Only invest in the companies that move to GDP of America. I don't even want to have to wake up in the middle of the night and think of a government shutdown or retail stores traffic is slowed down because Nvidia is really a B2B company. Microsoft is a B2B company. Vanguard VO products are really a B2B institutional company. So I don't want to rely on retail. And if a company is affected by the government shutdown which is a D or C level threat to a portfolio, at best you're investing in a bad company. We can talk about the implications on the overall economy. But if you are have had negative returns since the shutdown, you're in the wrong stuff, hands down.

[Ian]

Do you think it's a bad company? You think Chipotle and Cowboy bad companies?

[Brian]

I think both will rebound. But they're not a tier companies.

[Ian]

Like there's obviously the eight here. I. I'm just saying I don't know if they're bad company. Like I know some bad companies.

[Rashad]

I don't.

[Ian]

I wouldn't put them in that class.

[Brian]

They're not. They're not great though.

[Ian]

Yeah. I like what you said about not investing in. In the products that move the gdp.

[Rashad]

Right.

[Ian]

So because retail space is tough and we've seen that in different avenues. Whether it was from retail, from apparel standpoint of retail, from consumers hurting. Yeah, the cons exactly right.

[Rashad]

Right.

[Brian]

Yeah. So what like it's the same athletics, like you're a five star recruiter. Not investing is incredibly easy when you only invest in the A players. The same with hiring. You can hire 10 C players in a company and it'll drag your damn payroll forever. Or you can hire two A players who may cost twice as much but you're going to get 5 or 6x return. Happy Birthday AB A level talent.

[Ian]

Like.

[Brian]

Go text me at 448 anymore. I love it late, early, everyday consistency. Put it in chat. I only want to invest in the companies that move to GDP or A player companies. And if you have to ask is this a player? It's not. It's not.

[Rashad]

What indicators should people look for to lead up to prepare for 2027?

[Brian]

Our Vanguard BlackRock and Invesco net buyers of that asset. It's really something. And how can act as a world class investor? What are the assets that Vanguard BlackRock and Invesco are buying currently? And list them out the top 25. If it's not on that list, I don't care about it. Furthermore, you should look at what China, Saudi and UAE are buying net positive. That was a gold story as well. They were buying gold while our fort. I don't know what happened with our gold. Maybe you went away with them NFTs. But who are the whales are that buyer? I said this on stock club call like you are minnows. We are the fish following the whale buyers. We have to make sure that they're in that buyer. The governments and institutions are net buyers in video. You can't get around it. That's hard data. If a company like Kava is not or Chipotle at this Time. Most institutions are not in favor of Chipotle. It's going to have an impact on the stock. So if those three are not net buyers of the companies I'm looking at.

[Ian]

Yeah, you gotta buy.

[Brian]

Yeah. All right, all right, all right.

[Ian]

Before we get out of here real quick because it's a big week. Earnings Nebbyus is going to be reporting tomorrow before opening. Oklahoma. I'm actually going to do a case study on them and break it down to explain what they do. They were recording on Tuesday as well five materials on on Thursday. And Disney, man, we gotta figure it out.

[Brian]

They lost.

[Ian]

They just. They just signed on with DraftKings, right?

[Brian]

Oh, ESPN shut down. But they yo. Draft kings right there restructured.

[Rashad]

Yeah.

[Ian]

Google Disney. What we doing man? Figure this thing out.

[Brian]

If hypothetically said media company created the original propaganda for America. If America's fallen with that primary media company fall as well. Go do your research and go do your homework. It hit different when you do your homework.

[Ian]

You know I love go watch Cinderella is what Ian said.

[Brian]

You only need four companies. It's like the dudes who be asking can I have eight women? You can't handle the two threes you got now. Six, seven. Just get four, bro. Call it a day. It's not that damn hard. Four good assets, one or two good partnerships, one or two houses, you're done. No debt, you're done.

[Rashad]

That's right.

[Brian]

Blackout will tell you that ratio of what you should have.

[Ian]

Please.

[Rashad]

10 o' clock. We gonna get into it. We got a lot to talk about. Wwe. They stripped the boy of his everything. You heard about that?

[Brian]

Are you surprised that a racist institution removed the black man? They didn't treat Ron Simmons great. They barely treated the Rockwell until he got so scorching hot you had to deal with him.

[Rashad]

One day you're gonna learn.

[Brian]

You're gonna learn. Quit. And quit uplifting. We'll talk about it Wednesday. Yeah.

[Rashad]

100 uplifting friends that you have no interest in. Thank.

[Brian]

Thank you. No equitable interest. Thank you. I was gonna save it, but no.

[Ian]

Yo.

[Brian]

Yeah. Shout out to him.

[Rashad]

But I mean it's just. It's a teachable moment. I mean they don't care. Jay Z did with Iceberg when they was like, yo, I would give you free free clothes to wear for 18 months and made everybody buy the stupid sweaters. Like, you know, west side gun. Been running around doing this wrestling thing since I first heard of him, man. Roy been an unpaid ambassador for years. Cease and desist and said no longer. They kicked him out of the event.

[Brian]

And said, get your ass out of here.

[Rashad]

Respectfully, thank you. Get the out of here.

[Brian]

You just did the Rock bad with the last cena rollout.

[Ian]

Yo.

[Brian]

The final boss never came back. There's a hella Maga going on at WWE since the beginning of time. What are you. What? Yeah. Legendary racist.

[Ian]

Shout out to our guy. And I gotta give him a shout out because he's been doing some diligent work for Jamaica. Shout out to PJ Kev. Shout out to our brother PJ Kev, who's actually chartering planes to bring supplies down. I told y' all last week we sent some generators down. The generators can't even get out to Tyrese. Shout out to Tyrese there with them. Kev actually reached out to me personally. Shout out to him. We set some generators down. They're sitting in Miami waiting to get shipped to Jamaica. So everybody that's been doing their part and giving back to the island, we're not going to let it go. But I'm gonna talk about it as much as I can until we get power up back and running. I've seen a lot of people are trying to get the roads back together themselves. We're still praying for Jamaica. Jamaica is always on the heart. So I just want to give him a quick shout out. And again, shout out to App. It's his birthday.

[Rashad]

Free to wave to the wave is free, man. Shout out to Max B. Welcome home, safety man. You know, glad to see him home with his family. And hopefully he has a, you know, a very prosperous future ahead of himself and learn from anyone that he may have made in the past. And let's move forward with, you know, we friends with everybody on. Well, we're friends with the other. The opposition of him. Yeah, that's. That's our friend. Yes. But at this point in time, Everybody damn near 50 years old. So it's about just getting money and taking care of your family, man. It's not. Hopefully just you know, put. Let bygones be bygones and move. Move in the light.

[Brian]

We'll talk about on blackout or some bygones. Unforgivable, though, not really today, because I don't want no parts of that.

[Rashad]

Some years everlasting for sure, but sometimes it's just like I'm just not gonna.

[Ian]

Get involved in it.

[Brian]

I don't gotta. Like a person.

[Rashad]

I don't gotta. You know what I'm saying? But I'm not gonna. You know, I'm not even gonna get involved in it because it's not going to lead to nothing. Positive.

[Brian]

Ultimate Warrior was a racist.

[Ian]

That was my favorite wrestler, man.

[Rashad]

Hit the phone. I'm gonna call Benny. My guy Benny. Let's. Let's figure this out. We could spin this. We can make. We.

[Ian]

We could spin this.

[Brian]

And we'll say for Wednesday. But that was. I hate that that happened to him too, though.

[Rashad]

Yeah. Unfortunate situation.

[Ian]

All right, y' all be good. Hit somebody up, text somebody. You never know. One phone call could change directly somebody's life, man. Love is love. Yeah, we see. I want to.

[Brian]

Peace, habibi.

[Ian]

Your business is one of a kind.

[Brian]

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