⛸️ “$200K per Olympian” — Billionaires philanthropy splurge. Tesla’s young avocado tree. Phia’s $100M fashion butler. +Cursing Promotion Hack

Summary

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Podcast Summary: The Best One Yet

Episode: ⛸️ “$200K per Olympian” — Billionaires philanthropy splurge. Tesla’s young avocado tree. Phia’s $100M fashion butler. +Cursing Promotion Hack

Hosts: Nick Martell & Jack Crivici-Kramer

Date: January 29, 2026

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Episode Overview

In this energetic episode, Nick and Jack serve up their signature take on three of the day's hottest business stories: the splashy new era of billionaire philanthropy (including a breakthrough for Team USA Olympians), Tesla's paradoxical sky-high valuation amidst dismal earnings (and a snappy avocado tree analogy), and the rise of "butler AI" as seen in Bill Gates' daughter's buzzy new startup. The hosts also throw in memorable side notes, quirky analogies, actionable insights, and some hilarious, relatable banter that keeps things moving.

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Key Discussion Points & Insights

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1. The Golden Age of Flashy Billionaire Philanthropy

[04:21–09:12]

• News: Billionaire Ross Stevens donates $100M so every Team USA Olympian gets $200,000—transforming athlete compensation.
• Why it matters: Most US Olympic athletes live on meager stipends, often working side gigs (e.g., teaching curling to bachelor parties) to survive.
• How the donation works:
  • $100,000 is distributed 20 years after competing or at age 45.
  • Another $100,000 becomes available after an athlete's death, supporting their families.
• Wider trend: Nick and Jack note a recent spree of targeted philanthropy by US billionaires—railroad magnate Timothy Mellon, Michael Dell ($6B to kids’ accounts), Ray Dalio, big banks, and even Nicki Minaj (funding “Trump accounts” for fans).
• Thematic pattern: Focus on causes like kids’ savings, the Olympic team, and the military—stuff that screams "Americana."
• Broader context:
  • Post-pandemic market gains = more billionaire wealth
  • Consensus that AI-era prosperity must be shared
  • Trend toward “red, white, and blue” meritocratic, competition-based charity

Notable Quotes:

• “Athletes do get paid by the US Olympic Committee if they win medals; most don’t get that medal bonus.” (Jack, [05:35])
• “Philanthropy’s never been hotter among the billionaire class than right now.” (Jack, [08:10])
• “These billionaire donations smell like hot dogs and Budweiser…but they also smell like Wall Street and capitalism.” (Nick, [09:05])

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2. Tesla’s Young Avocado Tree: Why Wall Street Still Believes

[09:18–13:52]

• News: Tesla reports its worst-ever earnings—revenue and profits both fell (profits down 75% in 2025).
• Paradox: Despite this, Tesla stock nearly hit an all-time high.
• Why?
  • For Tesla, financials barely matter; the stock trades more on “faith”—much like it did in the late 2010s.
  • The big Wall Street narrative: Tesla is shifting from being a car company to an autonomy/robotics company (e.g., converting a car factory just to make Optimus robots; ending Model S and X production).
• Core Analogy: Tesla is a young avocado tree.
  • Toyota = old, fruitful tree (10x the profits of Tesla).
  • Tesla = young tree, bearing little fruit now, but with the potential to become gigantic.
  • Investors value growth potential over current profitability.
• Implication: Investors betting on the "next wave"—autonomous vehicles, robots.

Notable Quotes:

• “If Tesla is an avocado tree and avocados are profits, then Tesla is not very fruitful. Toyota produces a 10 times bigger profit harvest…But Toyota is an old tree. Tesla’s a young tree.” (Nick & Jack, [12:42–13:04])
• “Wall Street seems to agree. Because someday you won't need to own a Tesla car. You’ll just hail a cyber cab.” (Nick, [12:03])
• “The car business does not matter anymore. That’s what Elon wants Wall Street to think.” (Jack, [11:55])

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3. AI “Butlerfication” & the Rise of Fia, the Shopping Wingwoman

[15:45–20:05]

• News: Phoebe Gates (Bill Gates’ daughter) and Sophia Kianni co-found Fia, an AI-powered shopping app, recently raising $30M at a $180M valuation (not from family money).
• What FIA does:
  • Pulls prices on clothing items from 6,000 retailers and resale sites; finds the best deal for “the exact same dress.”
  • Raised $8M in seed (Kleiner Perkins, Hailey Bieber, Kris Jenner…), over 1M downloads, massive social following.
  • Added a browser extension (“Should I Buy This?”) that calculates resale value and helps you “girl math” your way into purchases.
• Business approach: Uses arbitrage: finds price gaps for the same product across platforms to save consumers money.
  • E.g., $200 Anthropologie dress found for $75 on The RealReal.
• Risks: Big AI platforms (ChatGPT etc.) could eat specialized apps’ lunch. Does automated “treasure hunting” kill the fun of shopping?
• Conceptual trend: “Butlerification” of AI—using AI to optimize low-stakes personal life decisions (shopping, finding good deals), not just productivity at work.

Notable Quotes:

• “Basically, a cap table with the rare combination of Hollywood, Silicon Valley, and Bravo TV.” (Nick, [16:47])
• “It’s like Queer Eye for the Straight Guy meets the Eye of Sauron.” (Nick, [18:08])
• “FIA represents the butlerfication of AI…using AI to make you feel like Bruce Wayne.” (Jack, [19:15], [20:05])

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4. Mini-Segment: Cursing Boosts Performance (And Maybe Your Career)

[01:42–02:49]

• Study: Participants held a plank longer when allowed to curse; “real” curse words, not euphemisms, yielded the effect.
• Takeaway: Profanity can boost effort and stamina—perhaps it has a place in crunching spreadsheets or acing a big meeting.

Notable Quotes:

• “Because profanity can be profitable.” (Jack, [02:49])
• “The secret to getting ahead in business…fifteen years before this song, two boys from the northeast…” (Nick, [02:52])

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5. Speed Round: Other Headlines & Fun Facts

[20:50–24:05]

• Allbirds (trendiest “comfy” shoe startup) closing all physical stores; stock down 99% from IPO [21:19].
• US Interest Rates: Fed leaves rates unchanged. [20:54]
• Meta and Microsoft: Meta beats earnings, Microsoft misses; markets at highs, consumer confidence at lows. [20:59]
• Indian Cricket Teams: US private equity buying cricket franchises in India for $1B+ deals—a new asset class. [21:47]
• Fun Fact: Olive oil is in green glass for UV protection; beer in brown glass because it’s even more sensitive—brown glass is the “SPF 50” of bottles. [22:15–23:10]

Notable Quote:

• “Colored glass: Like sunscreen for luxury liquids. Brown colored glass, that's the SPF 50 yetis.” (Jack, [23:03–23:10])

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Notable Quotes & Moments (with timestamps)

• “Philanthropy’s never been hotter among the billionaire class than right now.” — Jack, [08:10]
• “These billionaire donations smell like hot dogs and Budweiser…but they also smell like Wall Street and capitalism.” — Nick, [09:05]
• “Tesla’s not producing many avocados yet, but just wait until this young avocado tree grows up.” — Nick, [20:29]
• “FIA represents the butlerfication of AI…using AI to make you feel like Bruce Wayne.” — Jack, [19:15], [20:05]
• “Profanity can be profitable.” — Jack, [02:49]
• “Colored glass…like sunscreen for luxury liquids. Brown glass, that's the SPF 50 yetis.” — Jack, [23:03–23:10]

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Timestamps for Major Segments

• Billionaire Philanthropy & Team USA — [04:21–09:12]
• Tesla’s Earnings & Avocado Analogy — [09:18–13:52]
• AI Butlerfication & Fia Startup — [15:45–20:05]
• Cursing Performance Hack — [01:42–02:49]
• Quick Headlines & Fun Fact — [20:50–23:10]

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Tone & Style

• Friendly, fast-paced, and witty—Nick & Jack riff with rapid, punchy banter and signature analogies, breaking down complex business ideas with humor and highly relatable metaphors.
• Pop-culture references, direct advice ("buddies," "besties"), and playful tangents keep the episode engaging and accessible even to non-business listeners.
• Focused on what's actionable, fun, and counterfeit-proof for watercooler conversation.

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Bottom Line: Why Listen?

This episode exemplifies TBOY’s ability to make business news fresh, funny, and insightful—connecting market trends, quirky studies, investment logic, and cultural shifts in a style that’s both smart and highly entertaining.

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Transcript

[A]

This is Nick, this is Jack. It's Thursday, the new Friday, January 29, and today's spot is the best one yet. This is a T Boy.

[B]

The top three pop business news stories you need to know today.

[A]

I'm sorry, I made a mistake. It's not the best one yet. It's the best one yet because Jack's inflatable vest from yesterday has grown into today's podcast too, hasn't it, Jack?

[B]

Dude, I did another talk today and again I wanted to signal. I used to work in finance, but now I ski all the time.

[A]

Actually, besties. The reason Jack's wearing a vest is T Boy is going to the Starbucks Investor day today. We're seeing the CEO in person.

[B]

True, Nick. When I had to register, they asked me, what's your favorite Starbucks drink? I went super, like basic and frugal. I said, a venti pikes roast with room for cream.

[A]

Did you say drip coffee?

[B]

Yeah, I did. I said drip coffee.

[A]

Just give me the decaf wrap, Jack. Three stories for today's team. Boy, what do we got on the pod?

[B]

For our first story, some rich dude announced he's paying the USA Olympic athletes $200,000 each.

[A]

Oh, and JP Morgan, bank of America and Nicki Minaj are don to the Trump investment accounts for kids.

[B]

What we're noticing, billionaires are donating more than ever, but in a very particular way.

[A]

Yes, they are.

[B]

For our second story, Tesla just reported their worst earnings ever by far. And yet the stock rose close to.

[A]

An all time high because investors think Tesla's like a young avocado tree again.

[B]

And our third and final story, Bill Gates daughter just raised money at a $180 million valuation for a self driving shopping app.

[A]

Because a dress that's $200 at one store is 80 bucks.

[B]

But besties, before we hit that wonderful mix of stories.

[A]

Oh my. Your vest hit my eye. I'm very excited for Starbucks Investor Day.

[B]

By the way, the best thing you can do for your career. Apparently it's to your and over that we repeat. If you're trying to maximize your income or close that deal or snag a.

[A]

Promotion, then drop a big old fat.

[B]

This story is brought to us by Yeti Lloyd Brotman, who sent us a study from American Psychologist on the big benefits of of cursing.

[A]

Jack, let's jump in T boy style. What was the wild Cursin experiment, man?

[B]

Scientists asked 300 people to hold a plank as long as they possibly could.

[A]

But it turns out those who cursed held the plank the longest.

[B]

And no yelling Euphemisms like ah, sugar, or fudge. That did not count.

[A]

Jack, you had to say the real offensive four letter curse word.

[B]

And we've all been there. We know that swearing is a sign that you're not holding anything back.

[A]

Yeah, the ultimate expression of maximum effort is dropping that word.

[B]

So we're gonna make the leap that if cursing gets you to hold a.

[A]

Plank longer, then it probably gets you to do more crunches.

[B]

Then it probably works for crunching spreadsheets, too.

[A]

So Basties, in your next performance review or one on one with that boss, suggests a change to the employee handbook.

[B]

Because profanity can be profitable.

[A]

Because the secret to getting ahead in business. What is it, Jack? That's in our three stories. Fifteen years before this song, two boys from the northeast met in the dorm. They had an idea to cause a cultural storm. It's the best one yet, but the best is the norm. Jack. That's it. I don't even think they need to practice. 50%. That's a fat tip. T boy city on your at Liz. If you know, you know. Cause we read to go. We can't wait no more.

[B]

So just start the show.

[A]

Start the show. First, a quick word from our sponsor.

[C]

Hey, it's Raj and Noah. And we're back with a new season of Am I Doing It Wrong? The show that explores the all too human anxieties we have about trying to get our lives right.

[D]

Because we're still doing a lot of stuff wrong.

[C]

But who isn't? That's why each week, we're talking about the topics that we could all use a little helping hit with. Whether it's making new friends as an adult, managing our emotions, or even dreaming.

[D]

We'Ll be talking to experts in their fields who are definitely doing things right. So the rest of us can be a bit wiser and a lot better equipped to handle whatever life throws at us.

[C]

Subscribe now and listen to new episodes of Am I Doing It Wrong? Dropping every Thursday starting January 1st, wherever you get your podcasts.

[D]

And for the first time ever, we're going to have full video episodes on YouTube. Because as long as there are things to get wrong, we're going to be right here to help you do them better.

[B]

Love y'.

[A]

All. For our first story, Team USA Olympians are getting 200,000 bucks each, thanks to a huge donation from a rich guy.

[B]

But hang on, JP Morgan, bank of America, and Nicki Minaj also announced yesterday they're donating money to America's kids.

[A]

Jack, what's going on, man?

[B]

It's a golden era of billion dollar donations.

[A]

And we're exploring why besties whip out the calendars. You got one week and one day to the Olympic Games opening ceremony, right, Jack?

[B]

One of the rare moments when all Americans can root for the same thing.

[A]

Rangers fans, Devils fans, united for Team usa. And yet, despite receiving the most medals every year, our government does not pay Team USA a d. Some Swede is.

[B]

Gonna comment that they won more medals than Team USA one time.

[A]

78.

[B]

But still big names like Lindsey Vaughn and Mikaela Schifrin, they get big sponsorship money, but no namers who are doing luge. They have to live off one to $5,000 a month stipends.

[A]

I mean Jack, remember the pro curler taught us how to curl during my bachelor party. He was teaching bachelor parties how to curl when he wasn't at the Olympics.

[B]

Because he got paid so little on Team usa.

[A]

You see besties, athletes do get paid by the US Olympic Committee if they win med most don't get that medal bonus.

[B]

So for most athletes, health insurance is the most valuable compensation they receive for being on Team usa.

[A]

The result? Most Team USA athletes have part time day jobs totally unrelated to their sport. Unless it's side hustling with bachelor parties for a crew.

[B]

Home Depot and Dick's Sporting Goods apparently hire a lot of Team Olympics people.

[A]

But here's the all of that is changing thanks to a $100 million donation from billionaire financier Ross Stevens.

[B]

Ross Stevens, not to be mistaken with Stephen Ross, who is another billionaire financ.

[A]

Side note, if you work in finance like we used to, your life goal is not managing director, it is financier. If you are named a financier, it means you have won a capitalism.

[B]

That's true. But starting with these Olympics and these Paralympics, all Team USA athletes will get $200,000 for each Olympic Games that they compete in.

[A]

But Jack, can you sprinkle on some fine print context for us please?

[B]

Yeah. Nick, you won the game of capitalism for reasons like this. The first $100,000 comes 20 years after the games they plan or when they turn 45.

[A]

The other comes upon death to take care of the athletes families.

[B]

So it's really more of a safety net than a salary.

[A]

But besties Jack and I gotta pause.

[B]

The pot for a sec.

[A]

Have you noticed more billionaires are announcing giant donations than ever before?

[B]

We've noticed it.

[A]

Mm.

[B]

First it was the railroad billionaire Timothy Mellon who donated $130 million to pay troops during the shutdown.

[A]

Uh, then it was Michael Dell who donated over 6 billion bucks to America's children via the new Trump accounts.

[B]

And then it was Ray Dalio who donated to all Connecticut children via the new Trump accounts.

[A]

And now Steven Ross. I mean, Ross, Steven, donating to America's Olympic athletes.

[B]

And that's not all, folks. J.P. morgan and bank of America announced yesterday they're matching the $1,000 government contribution to their employees children's Trump accounts.

[A]

And a dozen other CEOs have announced the same thing. Matching contributions to those kids Trump accounts as well.

[B]

And guess what, Nicki Minaj. What, Jack? She announced yesterday she's donating up to 300 grand to fund the Trump accounts of her music fans.

[A]

Pause the pod. Her Minaj has dropped her anaconda ca on kids investing accounts. Jack.

[B]

Every day I'm seeing a new very rich person announce a flashy targeted donation to something. This is why Jack and I are.

[A]

Flashing our Venmo QR codes on the screen. So Jack, what's the takeaway for our buddies over in America's financier billionaires?

[B]

This is red, white and blue philanthropy. That's pro market and pro competition.

[A]

Besties Philanthropy Never been hotter among the billionaire class than right now.

[B]

Remember the proposed ballot initiative in California to tax billionaires that faced hot resistance from the private jet crowd.

[A]

But interestingly, if allowed to do so freely to causes they love, billionaires seem to be giving away more money than ever before.

[B]

And Nick and I have a few reasons why. First, there's been unbelievable wealth creation in the stock market the last few years.

[A]

Second, there's consensus that in the AI era, riches must be shared. They can't be concentrated among a few individuals.

[B]

There's also probably a feeling among billionaires in the Trump era that they're more appreciated, so they're feeling more generous and opening up their wallets.

[A]

But mostly, we've noticed that all these donations have an Americana theme. Have we not, Jack?

[B]

Yeah, think about it.

[A]

Billionaires love the stock market, hence the Trump accounts. They love competition, hence the Olympic donation. And they love troops, hence the military donation. These billionaire donations smell like hot dogs and Budweiser.

[B]

But they also smell like Wall street and capitalism.

[A]

Yeah, they do, Jack. And that's why we're calling this the golden era of billionaire philanthropy.

[B]

It's red, white and blue. Pro market and pro competition.

[A]

For our second story, Tesla just announced huge profit declines in their first full year of revenue shrinkage ever.

[B]

But the stock rose almost to an all time high. They're all time highing because Tesla stock isn't a stock Anymore. If you want to understand what's happening with Tesla, you got to realize it's a young avocado tree.

[A]

But besties first mark thy calendars.

[B]

Because according to Financial Times reporting, Elon Musk has chosen the date of SpaceX's future IPO.

[A]

What is it going to be, Jack?

[B]

June 28th. Because that's Elon's birthday.

[A]

June 20th, Elon's birthday, my dad's birthday and my mother in law's birthday. Jack. I should point that out.

[B]

Really?

[A]

Yeah.

[B]

It's also right around the time Jupiter aligns with Venus, according to Elon.

[A]

Yeah, no joke. SpaceX is actually planning their IPO around the Zodiac when Jupiter aligns with Venus.

[B]

I'm not sure that's technically Zodiac, but I'm picking up what you're putting down.

[A]

You know what?

[B]

That's classic Pisces.

[A]

If you.

[B]

Jack classic Pisces.

[A]

And you know what? Besties make sense. But Jack, how about Elon's first company that already ipoed Tesla?

[B]

I'm still finishing that Pisces, that is. Yesterday, Tesla announced what was on paper their worst earnings ever by far.

[A]

Let's hit the numbers. Revenue, profits, cash flow, all fell big.

[B]

Other vehicles, the category that includes the Cybertruck, fell 48% in the fourth quarter.

[A]

Besties let this sink in. Revenue for Tesla peaked more than two years ago, their profits down 75% in 2025.

[B]

But guess what? Despite their worst quarter ever, Tesla stock rose after announcing earnings yesterday.

[A]

Tesla stock hit an all time high earlier this month.

[B]

So you gotta ask the question, why is Tesla all time highing when sales and profits have been shrinking for two straight years?

[A]

Well, here's the answer, Jack. Because revenue, profits, they don't matter. For Tesla, the rules of Econ 101 do not apply.

[B]

And we've actually been here before with Tesla.

[A]

We have.

[B]

You see, in the late 2010s, Tesla was way more valuable on Wall street than its core business. Justified.

[A]

Back then, when Jack and I were covering Tesla's earnings like we still do today, you own Tesla stock not because of the financials, but because of faith.

[B]

Faith that Elon Musk would execute his master plan to scale electric cars and become way more profitable than any other car company.

[A]

Well, you know what? He did it. Those who had faith in Elon's electric vehicle bet were rewarded. And now we're in that same scenario yet again.

[B]

Except this time the faith is that Tesla will transform from a car company into the leader of Autonomy and robotics.

[A]

Besties sit down, stand up and buckle up. Because what Jack and I are saying is, Tesla's car business does not matter anymore.

[B]

That's what Elon wants Wall street to think. And Wall street seems to agree. Because someday you won't need to own a Tesla car. You'll just hail a cyber cab.

[A]

And you know what, Jack? You won't even clean your dishes at home when you're there. You can just summon your Tesla Optimus prime robot to do that for you instead.

[B]

In fact, Elon announced yesterday that Tesla is ending their Model S and Model X luxury car program and converting that factory in California to just produce optimus robots.

[A]

This is like Netflix ending their DVD business. Tesla will not be making a major SUV anymore.

[B]

But if you're still not understanding how it could be at all time high stock prices when profits are down 75%. You gotta hear our takeaway, because it's.

[A]

Like our favorite analogy. Jack, what's the takeaway for our buddies over at Tesla?

[B]

Tesla stock is a young avocado tree.

[A]

You see? Yetis. If Tesla is an avocado tree and avocados are profits, then Tesla is not very fruitful.

[B]

Right now, Toyota produces a 10 times bigger profit harvest than Tesla does. Toyota is way more fruitful than Tesla.

[A]

Aha. But Toyota is an old tree. They're not going to get any bigger. While Tesla is a young tree, they got a lot of growth ahead.

[B]

So would you rather own an old fruitful tree like Toyota or a young tree with the potential to grow 10 times bigger like Tesla?

[A]

That is the analogy that explains why Tesla is worth five times as much as Toyota, despite being a fraction as profitable.

[B]

All the conventional car companies, they're at their peak post peak or has beens.

[A]

Jack, we might want to call an arborist. Like, I think that limb is dead. Do you see some rot over there?

[B]

But if you believe Elon's story about autonomy and robots, then Tesla today is a sapling on the verge of blossoming into a mighty tree that will produce avocados like no tree ever has before.

[A]

Like always, ripe avocados. Besties. Investors say Tesla stock is valuable because of its growth potential.

[B]

But we'd say Tesla stock is valuable because it's like a young avocado tree.

[A]

Now, a quick word from our sponsor.

[B]

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[A]

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[B]

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[A]

I see you in that transaction tab. Jack, what's going on in that transaction tab?

[B]

All of my spending is in that transactions tab, including the way too much I spent on the hotel room with the water view.

[A]

Honey, what's going on with my mini bars?

[B]

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[A]

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[C]

Hey, it's Raj and Noah and we're back with a new season of Am I Doing It Wrong? The show that explores the all too human anxieties we have about trying to get our lives right.

[D]

Because we're still doing a lot of stuff wrong.

[C]

But who isn't? That's why each week we're talking about the topics that we could all use a little helping hit with. Whether it's making new friends as an adult, managing our emotions, or even dreaming.

[D]

We'Ll be talking to experts in their fields who are definitely doing things right so the rest of us can be a bit wiser and a lot better equipped to handle whatever life throws at us.

[C]

Subscribe now and listen to new episodes of Am I Doing It Wrong? Dropping every Thursday starting January 1st, wherever you get your podcasts.

[D]

And for the first time ever, we're going to have full video episodes on YouTube. Because as long as there are things to get wrong, we're going to be right here to help you do them better.

[B]

Love y'.

[A]

All. For our third and final story, Bill Gates daughter co founded an AI self shopping fashion app that just hit a $180 million.

[B]

Can AI find you any outfit for the lowest price in the world? If it can, this is butlerfication.

[A]

Now, Basties, we know what you're thinking. Before we jump into the story. This is about nepopreneurship, right? Like Bill Gates daughter, her worst startup's worth millions of dollars.

[B]

Well, let's give this idea a chance. It's a pretty great idea.

[A]

It is, because Phoebe Gates and Sophia Keani were roommates over at Stanford University and they had a love hate relationship with their closet.

[B]

So last year, they launched an app called fia.

[A]

The first two letters of one of their names, the last two letters of the other's name.

[B]

FIA is an AI Sh. Basically a self shopping wingman.

[A]

Yeah, it's like a digital version of that friend who would actually go into all the changing rooms with you unlike anyone else.

[B]

And they raised an $8 million seed round from Kleiner Perkins, Hailey Bieber, Sheryl Sandberg, and Kris Jenner, among others.

[A]

Basically, a cap table with the rare combination of Hollywood, Silicon Valley, and Bravo TV.

[B]

Well, with that momentum, they just raised another $30 million to reach a $180 million valuation.

[A]

And impressively, none of it from her.

[B]

Dad, Bill Gates, or her mom, Melinda gates.

[A]

And already, FIA has 1 million downloads and 6,000 retail partners on their e commerce platform.

[B]

They even launched a podcast to promote their business and have 2 million followers on social media.

[A]

So they don't even have to pay for marketing. This is a business that Miranda Priestley would actually be interested in.

[B]

And they're using the fashion world to pioneer a new concept that we call AI Shopping Arbitrage.

[A]

Jack, could you sprinkle on some financial context for arbitrage, please?

[B]

Arbitrage is a financial situation where you can profit off of a different price in different markets on the same product.

[A]

For example, you could buy something for 50 bucks over here because you know you can sell it for 100 bucks over there.

[B]

And the same opportunity exists for clothing if you're willing to do resale or secondhand.

[A]

And if you have access to all the clothing apps out there, like a maxi floral print dress over at Anthropologie. Right now, that's going to cost you 200 bucks.

[B]

But the FIA app will tell you that the same dress is available on Poshmark for 80 bucks or on the RealReal for 75 bucks.

[A]

You see, AI finds the cheaper version of the same dress. It's basically like Queer Eye for the Straight Guy meets the eye of Sauron.

[B]

Or as they say, style meets sustainability, which Bill Gates would be proud of.

[A]

But what Jack and I find fascinating is that it turns shopping into investing. Right, Jack?

[B]

Because FIA also launched a product called Should I Buy this? Which is an AI browser extension that can help you girl, math your way into buying that item.

[A]

Because you see the resale value of the clothes. Like, yeah, this Coach handbag cost 1,000 bucks, but it says you can sell it for 800 bucks on resale markets and the secondary values going up.

[B]

That helps you justify the purchase because it kind of only Feels like you're spending 200 bucks.

[A]

I mean, Jack, I didn't buy the handbag. The data made me do it.

[B]

So that's FIA's business model. One challenge, however, is behavioral, right? Using an AI agent to find you the best item is efficient. But does it kill the joy of the treasure hunt and shopping in person?

[A]

Another risk to the business. Sam Altman. Like Jack, you could ask FI is AI to help find you the lowest price, or will you ask ChatGPT to do that?

[B]

That's actually a risk for all these special AI apps. The big general AI apps do it too.

[A]

What would Miranda Priestley do? So, Jack, what's the takeaway for our buddies over at fia?

[B]

FIA represents the butler fication of AI Yetis.

[A]

Everyone is trying to find ways to use AI to optimize their lives, but you know what? It's actually kind of hard.

[B]

The most common way by far is using it at work. You want to boost your productivity, save the company money so you can get promoted, or at least not fired.

[A]

But in our personal lives, without the pressure of work productivity, you might be slower to adopt AI, but FIA represents.

[B]

What we call the butler segment of artificial intelligence.

[A]

Ah, the butler segment, where AI saves time and money on the activities that you already do.

[B]

Like finding the same Rolex you've always dreamed of owning someday, but for 60% lower price at that random e commerce.

[A]

Website in Belgium that you otherwise never would have found. Butler fication of the economy. It'll start with activities like this, like shopping, and then we think it'll trickle down butlerfication.

[B]

Using AI to make you feel like Bruce Wayne.

[A]

Yes, yes, yes, yes, Jack. And you and that vest whip up the takeaways for us for the new Friday.

[B]

Three more billionaires announced huge donations yesterday to baby stock accounts and to Olympic athletes.

[A]

It's red, white and blue philanthropy, pro market and pro competition donations.

[B]

For our second story, Tesla is ending its Model S and Model X production.

[A]

To focus on robots after its worst quarter ever. Tesla, they're not producing many avocados yet, but just wait until the this young avocado tree grows up.

[B]

And our third and final story is fia, the shopping wing woman app that uses AI to find the lowest price on resale markets.

[A]

They hit 180 million buck valuation. Part of the Butler fication of AI. But besties.

[B]

This pod's not over yet. Here's what else you need to know today.

[A]

First, as expected, our central bank announced no change to interest rates.

[B]

Meanwhile, Meta announced earnings that beat and Microsoft announced earnings that missed and on.

[A]

Top of it all, the stock market's at a record high while consumer confidence just hit a 12 year low.

[B]

Wild economy Eddies started selling.

[A]

A country music song is up. This is Down Jack. And second, Sad day for comfy feet. Allbirds is officially closing all their brick and mortar shoe stores.

[B]

Silicon Valley's favorite shoe was once worth $4 billion. But since the IPO, the stock has fallen by over 99%.

[A]

They're now worth about $30 million. Never forget that first shoe store of theirs in Soho. By the way, Jack, they had a human sized hamster wheel so you could test the shoes out on it. Remember that?

[B]

Brilliant, yes, but also a warning. Never forget the three Fs of fads. Food, fitness and fashion.

[A]

And finally, the hot new acquisition of 2026. It's Indian cricket teams.

[B]

Blackstone and Carlisle, two USPE firms, are about to acquire two cricket teams over in India.

[A]

The Royal Challengers of Bengaluru and the Rajasthan Royals. Each could go for over a billion bucks.

[B]

Pro sports teams, they're one of the few truly finite things in this world. Valuations from the NFL to the WNBA to cricket are at all time highs.

[A]

Now time for the best fact yet. This one sent in by Austin Johnson, a legendary Eddy from Seattle.

[B]

Earlier this week we told you about Graza, the olive oil company that started putting olive oil in plastic bottles instead of green glass bottles.

[A]

Okay, but here's the question we're all wondering. Why is olive oil always in green glass bottles?

[B]

And why is most wine in a green bottle?

[A]

But why is beer always in a brown glass bottle?

[B]

It's not right. There's a reason for this, and the reason is sunlight.

[A]

Because clear glass lets in all the sun's harmful UV rays. It doesn't protect those liquid ingredients.

[B]

But green glass blocks more of the UV rays, so it protects the olive oil and the wine.

[A]

And brown glass blocks even more of the UV rays. And beer is the most sensitive of those liquids, which is why it's always in brown glass.

[B]

So the thing you've seen for years and decades and thought was random, it actually has a perfect rationale behind it.

[A]

Totally colored glass, like sunscreen for luxury liquids.

[B]

And the brown colored glass, that's the SPF 50 yetis.

[A]

You look fantastic over there. And Jack, you are looking sharp for the Starbucks investor day today.

[B]

Thank you. It's not my first investor day. Back when I was a banker, I used to attend these things.

[A]

My first investor day.

[B]

I've been one in like 10 years though.

[A]

You're going to the Homager Schlemmer annual conference. Yeah, but Starbucks is big. I mean we're going to see the exact execs man, besties. If you've got a question for the executive team of Starbucks, drop it in the comments. We'll add it to the list.

[B]

Yeah, I'm gonna pull a Dwight Schrute and stand in line and ask the executive team some hard hitting question.

[A]

Why is pumpkin spice Pumpkin spice flavor or lifestyle?

[B]

I should ask that?

[A]

It's a trick question. If you know, you know. And before we go, I have happy 5 month birthday to our daughter Selena Rose Martell. You are glowing right now. Hope you enjoyed that first bite of oatmeal yesterday.

[B]

Hang on a second. You guys celebrate five twelfths birthdays? Aw, Jack, I thought quarterly birthdays was already a stretch.

[A]

This was in the S1 man. This was in the IBO S1 man.

[B]

And happy birthday to Emily B in Orland, Illinois which is the future home of that mega ultra super max Amazon store.

[A]

And Brooklyn Parco is celebrating her third birthday with a K pop Demon Hunters theme down in Phoenix.

[B]

Happy birthday to Joe Gonzale in Chicago.

[A]

Illinois and Philip Scallett. Happy birthday over in St. Louis.

[B]

Happy birthday to Amanda Balzy in Vancouver.

[A]

Canada and Ole Miss. The tupelo honey colored black lab hound mix is turning 10 years old with their adoptiversary in Rye, New Hampshire.

[B]

I think it's a gotchaversary.

[A]

Bark, bark, bark, bark. Jack and Matthew Torres is going to our live show in lovely Los Angeles and just won his first pickleball tournament.

[B]

And a big shout out to Kevin Erickson, who we love for listening to.

[A]

The show and Andrew Counter and the whole Standard Metrics team. Congrats on the coolest office in San Francisco and the new video launch.

[B]

Big shout out to Mike Pek for Fireside chatting with me at the Vermont Economic Conference yesterday.

[A]

Now, good call not wearing the tie, Mike.

[B]

Yeah, good call because I was wearing my vest and that would have been a weird look.

[A]

And Kyle Yoon, the legendary yeti I met at the art show. Apologies. Your son Hugh is the best one yet.

[B]

This is Jack Nick on stock of the Real Real.

[C]

Hey, it's Raj and Noah. And we're back with a new season of Am I Doing It Wrong? The show that explores the all too human anxieties we have about trying to get our lives right.

[D]

Because we're still doing a lot of stuff wrong.

[C]

But who isn't? That's why each week we're talking about the topics that we could all use a little helping hit with whether it's making new friends as an adult, managing our emotions, or even dreaming.

[D]

We'll be talking to experts in their fields who are definitely doing things right, so the rest of us can be a bit wiser and a lot better equipped to handle whatever life throws us at us.

[C]

Subscribe now and listen to new episodes of Am I Doing It Wrong? Dropping every Thursday starting January 1st, wherever you get your podcasts.

[D]

And for the first time ever, we're going to have full video episodes on YouTube. Because as long as there are things to get wrong, we're going to be right here to help you do them better.

[B]

Love you.