Description

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

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

Gambling:

Chauncey Billips arrested!! 

Markets

Fed Rate Cut

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

Apple

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

Meta 

• Earning Results
• Revenue $50b. Record! 
• UCAN 43% (Side note…S&P 500 is international).
• CapEx $50b YTD vs $24b last year. Double!!!
• Stock down 11%

Amazon

• Up 10% plus in after-hours. 
• $180b in the quarter
• I’ll never sell: 
  • Package everyday. 
  • Andy Jasse 
  • Memo culture

Tesla

Tesla Earnings. 

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

Elon Remarks. Play at 11.00 Play thur 15.00

• Leader in Realworld AI. Shockwave

Dan Ives:

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

Nvidia & Palantir

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

Alex and Jensen speaking together. 

Autonomous Driving

NVIDIA Drive Software

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

Netflix

Earnings Letter

Earnings Call

Highlights:

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

Revenue and YoY % growth by Region:

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

~43-45% of Revenue is US