E100: Celebrating 100 Episodes with a Livestream Party! 🎉

⚠️ WARNING: This episode has strong language from the very first minute!

It’s our 100th episode, and we’re celebrating live on stream with our community! We’re breaking down world-class portfolio returns, a 1000% stock vindication, and debating which companies are headed for the graveyard. Thank you for being on this wild ride with us!

In this episode, we cover:

💯 The Century Mark! We hit 100 episodes and celebrate this incredible milestone live with our amazing Patreon community.
🏆 Contest Winner! We announce the winner of the $750 Fiscal AI Pro membership.
🤯 69% Per Year & STILL Losing? We reveal the shocking numbers behind Badger’s world-class portfolio and how the Monkey is still managing to beat him.
🚀 1000% Vindication! From $0.70 to over $10, we break down Monkey’s massive win on EOS Energy and debate if it can 10x again from here.
📉 The Party Ends. The good times don’t last forever. We get real about surviving the inevitable downturns and mastering your emotions when your portfolio is bleeding red.
❤️ The 36 Questions. We get personal and explore the friendship that powers the podcast and why community is your greatest asset in investing.
🎯 Resolutions Revisited! Monkey admits to breaking his own rules (and selling EOS!), while Badger’s life changes have his wife seeing red.
🦕 Dinosaur Watch. We debate which companies are going extinct. Is TransMedics ($TMDX) safe from sci-fi tech? Why should most SaaS companies be terrified of AI?
🛡️ Your Ultimate Safety Net. “Position sizing is my safeguard against my own stupidity.” Learn how to protect your portfolio from yourself and random asteroid strikes.

Segments:
01:05 Welcome to Episode 100!
03:05 Live Patreon Celebration
05:20 Falling in Love: 36 Questions
12:27 Dancing Superpowers & Dream Dinner Guests
19:21 Courage in Investing & Fire Philosophy
24:37 Behind the Scenes: Podcast Work
28:12 EOS Vindication Story 37:06 Monkey’s Chart Pop Quiz
42:16 Monkey Business Hat Reveal
46:33 Market Waves & Institutional Games
48:19 Q&A: Biggest Investing Mistakes
53:46 Investment Ideas: X Strategy & Saul’s Board
56:22 The Long Haul: Why We’ll Keep Podcasting
01:04:14 Dinosaurs in the Portfolio
01:15:49 New Year’s Resolution Check-In
01:27:00 Fiscal AI Contest Top 3
01:37:15 The Winner Revealed!
01:40:15 100th Patreon Joins Live!
01:41:55 The Wall Street Wildlife Rap

EP100 – WSW – No Ads

[00:00:00] Luke: they would give a fuck enough to actually do something, but they would also be capable and competent of getting me out of a tight spot.

[00:00:06] Krys: And then you have a major crisis and all of a sudden the bank wants its money and you’re completely fucked. And, it’s, just the most heartbreaking thing in the world.

[00:00:19] Luke: if you’re listening to this and if you’re like a massive EOS fan, just approach stuff like this with caution. ’cause we talk about these stocks and we, and Christophe really does his due diligence. Like you’ve said many times, this is like the company you have spent more time on than almost any other endeavor in your life

[00:00:36] Krys: unless something broke, I’m not gonna be panicked because I understand more deeply.

And so that’s not a small, point

​

[00:00:48] Luke: Welcome to the Deep Investing Jungle with your hosts Luke the Badger Hallard and Christophe the Monkey. Karski. This is episode 100 and we are live streaming to our Patreons. You are on your banana phone.

[00:01:05] Krys: Ow. ring, ding, ding. Call him Badger Monkey. Call him Badger.

[00:01:12] Luke: I hear you laugh and clear monkey. I got my beer phone here.

[00:01:16] Krys: So look at that. hundred, a hundred episodes. we saw the Made It 

[00:01:22] Luke: So we made it, we have almost made it like the podcast is going through an inflection. We’ve now got 3000 subscribers on the YouTube, more than a thousand on the Spotifys, and like a couple of hundred Patreons and 99 of whom are actual paying Patreons supporting the show. And we might get number 100 like in the next hour, literally live while we’re chatting.

So I’ll be watching the numbers creeping up. 

[00:01:56] Krys: Know This is the, you know why That’s great. one, it’s magic. a hundred episodes and potentially number 100, supporting us. That’s just, if that’s not the universe telling us, something, then, I don’t know what, but I do wanna make a point that we legitimately wanted to build a community, and you have to go slow, I think, to make it proper and to build it with the right foundations.

And when we were talking about this a long time ago, I thought, a thousand true fans is the, mark of a, a real legitimate like thing. And so to get to 100, one 10th of the way there, I think is a really amazing milestone and it feels, happen and legitimate and, I couldn’t be more proud.

So huge shout out to, all of the Patreons, whether you’re sloth these or cap bars or where whatever jungle critter you are. Thank you so much,

[00:03:05] Luke: And, but a special thank you. I think if you are here with us live on the live stream due to the eccentricities of our platform, I can’t see everyone is here unless you give us like a wave or a, or drop something to say hello. But a definite big hello to Barry, Eric and Paolo, who have all given us a wave already on the live stream.

And we’re expecting a bunch of jungle animals to join us live today. 

[00:03:28] Krys: iso.

[00:03:33] Luke: Christophe, we have been podcasting together since October, 2022. Did you know that?

[00:03:41] Krys: October 22. All right. Seven investing days.

[00:03:45] Luke: Yeah. Yeah. that’s three years. Be like three year podcast buddies. 

[00:03:50] Krys: that’s right, man. yeah, and we recorded quite regularly for four seven investing. That’s where we figured stuff out. You told me what to do and I, tried to do it like 20% of the time.

[00:04:03] Luke: I had like my badges sneaking into your office and then figuring out what company you’re gonna recommend and then I could recommend it first so I could get in there and steal your recommendation.

[00:04:15] Krys: If we knew how, if I only knew how awfully that would have turned out for the scorecard purposes, I might have hung it up right then and there. 

[00:04:24] Luke: there you go. Yes. yeah. and that Nvidia rec we both fought over is like seven Investings. Big time. Best wreck ever. I think two wrecks from me, Excellent. We did our bit. I know you were there in spirit, even if you weren’t, didn’t have the chance to recommend it yourself. we, I don’t know if you remember the very first episode, one of No Limit with Christophe and Luke.

Do you remember the first time we got on camera together? 

[00:04:50] Krys: I most certainly do not.

[00:04:54] Luke: let me give you all a little reminder with an extract from the very first Luke and Christophe episode one. 

​

[00:05:20] Krys: Oh my goodness. Love it for sight.

[00:05:25] Luke: The romance from the very beginning. Look at you. I’m trying to melt my heart with your moon and sun comments. And look how young we

[00:05:34] Krys: We were, we were so such babes. We were, such babes. Oh my God. 

[00:05:41] Luke: like I, I and my mom are both pleased that you’re now a youth again. ’cause you definitely had, you went into a dark period, it was like you, you were writing like your black album or Soic where you had the big fricking beard and you like, you were living in a cave. yeah. I’m glad you’ve come back out and you’ve, you’ve molted that like winter hibernation fur.

My mom says he’s so handsome. Why has he got that beard? 

[00:06:06] Krys: Mrs. Badger’s, mom or Badger’s mom? The answer is a monkey needs to. Walk down the street without getting assaulted by all of the female baboons, doesn’t he? So sometimes the beard, keeps him at a distance. It’s, a hard life being this handsome, 

[00:06:27] Luke: Hey, there we go. Christophe, to get today’s episode started. I don’t know if you’re familiar with quite a famous book, and I think it was like then a New York Times article and it was called 36 Questions to Fall In Love. You’re familiar with that bit of, journalism. 

[00:06:45] Krys: yes. in my side gig as a, therapist. I don’t know how many people know that, but, I have a couple, I’ve over the years, have a couple of consistent clients that I do therapy slash coaching slash spiritual mentorship, because of my zen practice. yeah, I came across this, book.

It’s great. 

[00:07:08] Luke: I’ve got, I’m gonna ask you one or two of those 36 questions and maybe you wanna ask me a couple in return. Maybe we can deepen our moon and Stars love live on the Patreon, live on the show.

[00:07:21] Krys: man, this is great. This is great. actually, yes, I wanna ask you something, but it’s so true. I have this thing, a side project of mine is think about toxic masculinity and how men don’t have proper role models and friendships between. Are complicated because of our cultural assumptions and problems, and obviously that depends on where you’re living, but I think we’re doing the world a lot of good too, by making this, bromance live and unfiltered.

So why not? Why not go with, to me, like straight to the heart of the man badge? What do you value most about friendship or in a friendship? 

[00:08:04] Luke: I, so I was on ski season two years ago and a bunch of my friends, some of the girls introduced me to the Five Love languages. And it’s I’m an old guy. I’d never that, I’d never heard of that stuff. So I read about the Five Love languages. and I think my love language is acts of service out of the five.

I love doing stuff for other people and being like productive and helpful, and that’s my love language. So yeah. What do I value most in a friendship? Probably people who reciprocate in kind, like who go out of their way to do stuff and they show up for me. That’s what I value most. If you’re listening to this, Tom.

You’re one of my greatest friends, but you fucking never show up.

[00:08:59] Krys: oh, Somebody’s in the hot water. I have a kind of similar answer to you. I always think being living the monkey lifestyle that I do, that I’m only yay close to ending up, homeless and living under a bridge some, somewhere. It’s just, I’m always one decision, one poor decision away.

And I always like to think of my, think if I actually called somebody at three in the morning saying, monkey’s done it again, would they actually pick me up, and give me a couch to sleep on? And, there’s a couple of friends that in my life that I know would know questions asked, rescue me from, whatever, bad situation.

And, that does a lot to, to, a man’s nervous system knowing that, won’t starve, and there’ll always be a roof under, under her head no matter what. 

[00:09:59] Luke: I got my version of that. I had this conversation with a couple of friends a few years ago, and it was like if you were in a bad spot, and something’s gone seriously wrong. And you get like one phone call. I’m not even talking like the phone call from the police station. Like something is really seriously effed up.

who would you call? And it’s gotta be like a combination of they give a fuck. I’m gonna forget with the F-ed up, we’re now bleeping all the swear words out so we can say fuck as much as we like. they would, give a fuck enough to actually do something, but they would also be capable and competent of getting me out of a tight spot.

So I gave it deep thought to it and I’m gonna shout out one of my, she’s the only remaining person in my investing WhatsApp, a very close friends who is not a Patreon, but nonetheless, Dunya is my close friend. Duns is who I would call to get me out of a tight spot ’cause she’s one capable MF lady. 

[00:10:58] Krys: Yeah. And, sorry to maybe overplay this hand a little bit, but in the, I, think in the investing world, it is a kind of, at least many people think of it as a zero sum game because, someone’s buying, someone selling and only one person is right kind of attitude. But, investing in a group like we’re trying to cultivate.

And having a sense deeper down somewhere that these people are not out to get you, but they’re, we’re here to, pull resources. And when we say something, we’re doing it with transparency and, for the better, for the, as friends would, And I think that’s what’s mi that’s I think what’s generally missing, when you’re an investor in stocks or whatever.

And that’s, I hope, a gap that we’re, starting to close at least a little bit. But it takes time, of course. you shouldn’t be naive either. Like some of our new Patreons, might have found us through YouTube, only listened to a two minute short, they might not know, baboon’s ass from, whatever other, and anatomical feature.

And, so it takes time to establish that rapport and trust. But, we’re doing it. 

[00:12:27] Luke: Good stuff. let me hit you up with a, another one of the 36 questions to fall in love. I’m intrigued about this answer. If you could wake up tomorrow having gained any one quality or ability, what would it be? 

[00:12:42] Krys: This is so hard ’cause yeah, flying would be cool and so forth. But, with the most instinctive answer I have, it would be. It will be to be world class. absolutely world class in every single last dancing style. So that no matter where I would go, whether it’s at a concert or, like nightclub or just walking down the street, I could like one minute ballet through, waft my way into a room and then another, do some crazy fucking hip hop thing and then pick, go, walk up to a, unsuspected lady and just tango her across the coffee shop before she knew what was happening.

that would be like,

[00:13:34] Luke: Is it gonna be like Bill Murray? Is it like Bill Murray Groundhog Day style, though? And you’ve had literally like a thousand years of torture, but then you get to, nail that day, or you just need to be, you’re just like oh seven everywhere you go. 

[00:13:47] Krys: yeah, no, this would be a superpower, right? yeah. it’d just be, it’d just be amazing. but I don’t know if you remember this was, no, of course you remember, but I think it was during seven investing days where you, you prepped for your, really close friend’s wedding and you, choreographed the, Dan the, what’s it called, the dance performance.

And that, and it’s, when I saw that, I’m like, oh man, this is, my man. This is because it took, it took what, like hundreds of hours or whatever,

like 

[00:14:28] Luke: yeah, It’s my love language, Christophe, I, I make an effort for people. It was a, it was a five man performance of the Backstreet Boys at my closest friend Albert, an ex podcast Buddy Albert wedding in Hong Kong a couple of years ago. Yeah, that was pretty spectacular.

[00:14:48] Krys: Yeah, it really was, it showed, ’cause that shows heart and dedication and all the love you wanna

[00:14:56] Luke: I know. 

[00:14:59] Krys: you wanna do one more question?

[00:15:01] Luke: sure? Yeah. If you like, why not?

[00:15:03] Krys: Alright. given the choice of anyone in the world, whom would you want as a dinner guest?

[00:15:11] Luke: I wondered if you’d asked me this one, I gave it some thought. I, it took me a, it took me a moment to make my decision about where I would go with this. ’cause, honestly not a trite answer. My genuine answer right now in this exact moment is we’re gonna go to Vegas, hopefully March and record some shit for the podcast.

and I would like to have dinner with you ’cause it’s been like, what, like a year and a half since we had dinner. But in the spirit of the question, Hey, we just got a heart from somebody. Yeah. Yeah. Do some emoticons. That’s cool. in the spirit of the question, Des has is who I would like to have dinner with the CEO of DeepMind.

such an interesting guy. I’d be entertained by Musk and, it’d be interesting to have dinner with a whole bunch of super public figures. Dem just seems like such a kind, thoughtful, incredibly smart individual. And I’d, yeah, I’d love to spend, have dinner with him.

And actually, funnily enough, I was at a poker game a few months ago and one of my good friends, John, who’s a bit of an intellectual, he’s a good poker player. He actually went to Cambridge and he went to Cambridge at the same time as Demis and another one of the, the sort of core members of DeepMind.

they got together apparently like last year, and he was showing me this photo. I said, oh, that like deep mind, we was chat about it when we were there, and he showed me a picture of him playing like F Foosball. With Demis against two other guys, so like their buddies. So I’m jealous of John.

yeah, hook me up with a dinner day. John. 

[00:16:52] Krys: Oh, that’s so cool. Yeah.

[00:16:54] Luke: Let me, let me hit you back with this question before we move on from falling in love. ’cause I’m intrigued. Who would you do dinner with?

[00:16:59] Krys: Yeah. I realized that I interpreted it very loosely somehow in my mind. I added like anyone at all rather than living.

[00:17:08] Luke: No, It’s cool. Yeah. Yeah.

[00:17:09] Krys: but I’ll give you my answer. I don’t know if, I don’t know if all our patreons know, but I have, I write a f philosophy substack called fire philosophy.substack.com.

But, an inspiration for that was the philosophy of Frederick Nietzche. Which, if you haven’t read, or maybe you’ve only heard about what he’s about, you’re boy, are you in for a treat. And I don’t, know of too many people that I think had such extraordinary intelligence and focused it all on how to live the most like beautiful, intense life one could possibly live.

And he walked the fucking walk in his own life. So like g and he was funny, and he would just, like s like he had the courage of a, of a, I don’t know, bull or something. Like he was just unafraid to look at himself as deeply as one could possibly look at. And and yet in his real life, he was actually shy, might not be the right word, but, he certainly was not a bull at the dinner table.

He was very kind and respectful. it was in his writing that he was an absolute, genius and madman. and so having dinner with him, maybe after loosening him up a little bit with a few beers, I think, my God, especially if he lived now and could comment on the, the madness that he foretold only 150 years ago, that would be my, treat.

So anyway, I write about, Nietzsche and, how to live over on fire philosophy. So check out monkey’s, other shadowy life when he’s not picking stocks. If, you have any interest. 

[00:18:55] Luke: we stick a link to your fire philosophy, substack in every episode. So go check out, the, the show notes and you find a link to that. I’m gonna say a quick hello to Andrew and

[00:19:09] Krys: What’s up, Andrew?

[00:19:10] Luke: just joined us. Excellent. Good to have you here, buddy. so you were chatting about your fire philosophy Substack, and I think you wanted to chat about a particular, aspect of that on today’s. 

[00:19:21] Krys: Yeah, Cool. so I write that Substack with a retired professor of religious studies, Dale Wright, who’s my idol when I was working on my dissertation. He’s a Zen scholar. so I’m really fortunate to have that in my life or him in my life. And he just wrote a five part series on courage and we just, so we’re sending it out in five, five segments.

And this morning, just this morning, we, we published courage in terms of moral, courage and the intellectual courage, like what it means to do something that requires a sacrifice on your end, but for the good of something, let’s say, bigger than you. And also what it takes to sometimes say the one thing that everybody else is too afraid to say.

and so we included this morning, when I was editing it, a picture of, I don’t know if it’s a world famous picture of Tianmen Square of that one guy standing in front of the tanks by himself, which captures just like what some people are capable of doing, and how rare that is.

and, connection to investing, I think if you’re in this kind of game where, losing happens all the time and you have to often defend a position that seems indefensible, that takes, brass balls of steel. And I would love it if any of our members or listeners to this podcast checked out.

Not just the Substack, but this particular series about courage. I think you would, I hope you would find it as meaningful, impactful as I do. And it was written, this one, this piece was written by Dale, not me. 

[00:21:23] Luke: Great stuff. I’ll give it a read. I do read your Substack, but I’m a little bit behind the, like courage has like a big translation into the world of investing, right? Particularly, you’ve gotta have courage. If you are, let me just consult the live poll. we have six members of Team Badger and eight members of Team Monkey currently who’ve submitted.

So if you’re one of those eight Team Monkey members, you need courage as an investor, right? Because you invested in some fricking wild stuff.

[00:21:58] Krys: yes. yes. Some wild stuff that is, that, maybe is no longer as wild as it was when I first invested it in it. but what, yeah, I, would agree with that. The, monkey path is not, a path for everyone.

[00:22:23] Luke: Yep. Yep.

[00:22:25] Krys: What were the sorry, badge. What were the numbers again? Right now? How many diluted souls do we have,

opting for Team badger?

[00:22:33] Luke: we got, six Badgers and eight team monkeys. And let me actually, lemme give you, lemme give a bit more of a breakdown ’cause we had a couple of questions in there. And so we had so Christophe is, he bitches and moans often about what we’re now calling Badger bureaucracy. ’cause I like, like we should talk later in the show about like our process and how the podcast happens.

But basically I do all the work and then he does like a little bit of like glamorous shit and he tarts up the language and makes it sound interesting and puts a couple of emojis and that’s like him done for the week. Badger bureaucracy, that’s me, like nagging him about shit every day. 

[00:23:15] Krys: And for full transparency, do you know how hard it is to look this pretty, you think? You think I could just show up on camera and I wasn’t slaving for three hours off camera, putting on the blush and the, and combing the eyebrows, or what is it that Dolly Parton said?

[00:23:40] Luke: it worked. It’s 

[00:23:41] Krys: takes a lot of money to look this cheap.

[00:23:43] Luke: There you go. It’s paid off. It’s paid off. so anyway, in our, poll that I created just before the show, Baja Bureaucracy we’re asking questions like, do you record your rationale for every trade? Do you do your own due diligence? Got some, got some twos and threes and fours in there.

So maybe some, like some Team Monkey people bringing down the Badger bureaucracy scores. and then we also have the Monkey Madness questions. Not many of our respondents are using options yet. good. don’t like tread carefully into that world. Some folk are using technical indicators, but looks like out of all the questions in the Monkey Madness poll, legit Crypto is my friend.

Like a lot of people are down with legit crypto and we just got another team Badger. We’re now seven and eight. We’ll come back to that 

[00:24:37] Krys: seven oh. That’s close. That’s close. Damn. Okay.

Wow. 

[00:24:44] Luke: asked, Paolo has just asked us how much work goes into the podcast behind the scenes. Like I’ve asked you that Christophe, how much work do I do behind the scenes?

[00:24:53] Krys: How much? Badger does a fair amount of work. This is true. I would never deny, I would never deny that one of your absolutely astounding best qualities, and this ties in with the friendship thing, is that you might be truly one of the most like effective or efficient, what’s it called? Director of puppets. you just get shit done. It’s a amazing, I’ve been an academic all my life or, and so what I’ve learned to do is read a lot of books and then try to synthesize information. But in my mind, I got seven years, right? To get the PhD or it’s this long and winding process.

You worked in the corporate world, right? Where like people are like, what? you got 20 minutes to whatever, respond to an email. But your level of professionalism is just absolutely exquisite. And you, go above and beyond, delegating stuff and sending off messages to people and. 

[00:26:09] Luke: I think it’s a good combination. It’s a good combination of like your inspiration and you know your ideas and then me like executing them. And I’m, I took the piss a bit there about, you doing nothing. You like, you, you do a crap ton and you are kicking my ass in the king of the jungle.

and you are an I ideas guy and we’ve got a few ideas we’re gonna share at the back of this call on how we could make the Patreon better for everybody. And like a lot of this stuff is Christophe chasing me and saying We gotta do this. And I’m being like, bureaucracy badger and saying It’s too early.

It’s too early. But, we’ll come to that a bit later. But we, do want your guys’ opinion. 

[00:26:50] Krys: Yeah. and to that point actually, what makes a relationship work, it’s not that we’re opposites because we’re very bizarrely similar in terms of many of our interests and history and poker playing. And, but I would say the quality that links the, call it the bureaucratic versus the wild creative or, whatever the opposite side of, orderly, let’s say is that I would go on record and happily say that both of us have very flexible and open minds to, ideas that might not at first feel right or be right.

Like it’s to your great credit that despite me. screeching at you, Hey, this, there’s this Patreon thing we, it’s something we should look into that didn’t take you that long to eventually say, oh no. Okay, let’s try. What’s the worst that could happen? 

[00:27:50] Luke: I didn’t, I don’t wanna look like a fool, and I thought we’re gonna kick off the Patreon and there’s gonna be like, it’s gonna be like you and me, and maybe like my mom, like a few other family members and that will be it. but no, like it actually turned into something, hey, you are absolutely right.

Let me just crack on with it. Do you wanna know about something else? You are absolutely right about.

[00:28:12] Krys: I always wanna know what I’m right about.

[00:28:16] Luke: I’m gonna, I got a little bit of video to tee this one up. 

 

[00:28:33] Luke: So there you go. Eos energy, I ripped you one hard for years and I even said to you like, stop talking about this fricking company because it’s an embarrassment. you did that at seven Investing, don’t, please don’t turn, our Wall Street Wildlife into the EOS show, but fuck me. He pulled it off.

and I, pulled that extract. I pulled was from our predictions episode, for the whole of 2024. And I’m just gonna remind us of your, predict our predictions and what happened. So in January, 2024, one of our many predictions questions. I love the predictions episode. We should do those regularly.

Eos at the time was a $218 million market cap. And I predicted it would halve to like a hundred million dollars. And I laughed at you when you said you it was gonna three x to $750 million. you kicked my ass. ’cause at the end of the year last year, it was getting on for like a billion dollar market cap.

So you clearly won that bet. And I think I had to drink like a shot on the Christmas episode. but we give it another nine months. What are we now? Like the back end of September. And now your prediction is like a 10 x. So like this, begs the question that we all, the most critical question for all of our wallets and my option that you forced me to buy.

Like where is he os going next? Why is monkey. 

[00:30:06] Krys: All right, badge. I have a long, winding answer for this actually. I will, I’ll answer that. But first, can I give some context for those who might not be familiar with my story here? This is without a doubt, the single one company that I became obsessed with to the point of kind of bizarre, I don’t know how, to say it, de delusion or no, obsession might be the word.

And what allowed that to be possible is, I think one of the greatest inventions of modern times, which is the, what I would call the live community that ha, that can happen through X, the platform X. Because all of a sudden, a few investors got together and started seeing what was possible, and then the whole spaces thing would happen.

And then I would join the spaces and, end up talking to people for hours for, my God, I, hours and hours every single day live thinking through is this what we think it is? Blah, blah, blah, blah, blah. I got to know people. I would talk to them on the phone. bizarre, almost out of this world, communication, open up, back to the EOS thing. Anyway, I became absolutely obsessed with this thing, and, I, I, just ended up knowing the stupid amount and then I lost a lot of money because I got too excited. Because things take longer than you think. And then I lost a, whole plantation worth on, call options that even though I picked long dated ones, that still wasn’t early enough.

So let that be a lesson to you kids. But to get back to your question, to reason I was so excited about this is because this first thousand percent from when I bought at some shares at 70 cents to it’s now $10 and 15 cents, that first thousand percent is actually, the hard part because they had to survive all kinds of financial, values of death.

It’s much easier to go from 10 to 20 than it is from 70 cents to 10. So given everything that’s happening in the context of AI demand and energy demand, if we’re talking three years from now, I would just absolutely not. I would be surprised if it’s not a, 10 X from here. 

[00:32:42] Luke: Great. Yeah. 10 x from here you’re saying.

[00:32:46] Krys: wait, 10 x from, sorry, 10 x from 10 would be a hundred. So that might take five years. But I, would not be surprised. 

[00:32:54] Luke: Very good. Alright. 

[00:32:55] Krys: and that’s important because some people of course might have been thinking, yeah, I’m too late. I missed the first a thousand percent. No, you’re not too late.

There might be obvious, like retraces and, but three to five years from now, you’re still way, way early. If it, does what I think it will. 

[00:33:12] Luke: Awesome. Awesome. Yeah, I wanna, I heard a really good quote on, our friends the Dividend Talk podcast in their most recent episode. And if you caught like maybe five or six episodes, we interviewed, we were interviewed, by EDGY and Derek on their podcast, and then Edgy came onto our podcast. So I listen to them regularly now.

I’m in their discord, their, their smart guys. and Edgy said something in his recent podcast, I’m very strict on position saving. It’s my safeguard against my own stupidity. And I’ve always thought that way myself. ’cause I, I chat about how I get into a position and, get to 1%, 2%.

My full position is like 6% and then the really big allocations in my portfolio, they got there by themselves by growing. and I’ve got my maximum like 20% no matter what hell or high water. I don’t wanna have more than 20% essentially of like my net worth. ’cause like my portfolio dominates everything I own on this planet, apart from my cat is invaluable.

and, yeah, so like position sizing is the safeguard against my own stupidity. I definitely lean into that idea. Like we said on last week’s episode 99, right? An asteroid could literally hit EOS HQ and wipe out the leadership team. Like random ass stuff can happen. So that’s why you probably don’t want like a life impacting massive exposure, but you are running that massive exposure with your no longer albatross eos and you’re making it work.

But, if you’re listening to this and if you’re like a massive EOS fan, just approach stuff like this with caution. ’cause we talk about these stocks and we, and Christophe really does his due diligence. Like you’ve said many times, this is like the company you have spent more time on than almost any other endeavor in your life, right?

But he spent all that time so he’s gonna be like, exposed to it. ’cause he’s put all that, sunk cost of the time into it. You don’t wanna do all that research and then not own the fricking stock. but if you guys are listening to him, you can’t buy conviction. So do your own homework and size your position appropriately.

’cause I’m g I’m afraid I’m gonna do the badger, Badger like warnings once again, even though this is like a party episode, who knows when this merry around stops, but when it does, it’s gonna be ugly. 

[00:35:41] Krys: Yeah. And, you can’t, right? You can’t borrow conviction. that’s so important because, the moment something starts dropping, panic takes over. And if you don’t truly understand what I think, I understand you’re, it’s gonna be tempting to sell, but I’m not gonna, I’m, I’m not gonna, unless something broke, I’m not gonna be panicked because I understand more deeply.

And so that’s not a small, point. I think, same kind of thing is happening over with, A STS is that it? It’s a similar sort of dynamic, which I absolutely love. props to Steven for, poking us. about a STS, though I had, I myself had already done a bunch of research on it.

I just wasn’t, I just wasn’t as like aggressive about adding to it yet. But that’s another one of these. Companies that you could research the hell out of it, in part because there’s this amazing community on X made of engineers and in professional investors and this little conglomerate that you can’t, you just can’t get enough of the, info.

And so that if you wanna spend hundreds of hours gaining, building this conviction, that I would highly recommend looking into that stock if for that reason. 

[00:37:06] Luke: Great stuff. Very good. All right, what’s up next on our docket Christophe

Monkey’s Owl pop quiz,

[00:37:16] Krys: yeah, that segues that segue. That, that, segment actually segues very nicely into a pop quiz I have for our listeners and for you. but if you’re listening, you can, answer in the chat box. So pop

[00:37:37] Luke: and I’m stealing myself. I’ve got my favorite beer, which is Sierra Nevada Palle. I know it’s like a cheap ass American beer, but I really like this stuff. So I’m opening one of these for the pop quiz.

[00:37:48] Krys: Excellent. Alright, so I got a question for you. In the Wall Street Wildlife, king of the Jungle Portfolio competition, we have one portfolio. That has a return on equity right now of close to 300%. It also has, a hundred, I’m sorry if I do it properly. There’s, and by the way, this just started two years ago, not even we’re, not even two years into this contest.

So have a portfolio that has returns of 69% on one of the positions, 300%, 100% on one of the positions. Another is up a shocking 670% in the same portfolio. And as though that’s not enough, there’s another position that’s up over 1000% all within two years in the same portfolio. And the other portfolio is winning by $3,000 

[00:38:51] Luke: Exactly.

[00:38:58] Krys: pop quiz, which is which and how in God’s name, how in God’s name did, this obscenity happen? 

[00:39:16] Luke: our, our Patreons are weighing in. Barry says, that’s ridiculous and mind blowing. And, Chris tells us That’s insanity. What a setup from slow and slopy. you’re right, like this has been, I think I always like to be like a little bit of a humble badger. even though I may have made comments to the contrary in the past, like this has been a market where it’s been hard not to make money, but I, if I’m like my real life, my retirement portfolio, you lectured me on what I should call it.

I’m doing like a 22% compound annual growth over a long time, like the over many decades. but here in the king of the jungle, we are investing live. And if you’re on our trades channel, then we’re sh we’re telling you like in real time, usually ahead of the trade, what we’re about to do. And you can follow along.

And if you’re not on the Patreon, that’s cool, right? Just, you’ll see we talk about this stuff on the podcast every week. So just subscribe and we’re telling you what we’re buying and what we’re selling and why. and yeah, like I’m in the king of the jungle. I’m doing a 68, 60 9% compound annual growth, which is in insane.

And you are doing 98% compound annual growth. this is just off the charts. 

[00:40:34] Krys: Yes, and just, I really wanna be on the record to say this, these kinds of good times will not last, for forever. And this is precisely, this morning, actually, just this morning I woke up and iron is down 15%. And like when you start seeing big red numbers. It really can get scary. Not can, it gets scary for everybody.

But, I think it’s important to note that how we handle the downturn and how we handle when the market turns to not get scared out, to not panic sell, to think of alternative strategies to actually take advantage of the downturn that is as much an important part of the game, if not more important actually than enjoying the, the ride up.

So public service announcement to you all, you will be, become discouraged when you see some of these astronomical gains go away. But do not leave the game. It’s as they always say, time in the market is what time. It’s time in the market. Something not market timing, but time in the market, right? I 

[00:41:48] Luke: It is time. It is time in the market, not timing the

market. 

[00:41:53] Krys: Yeah. exactly. Thank you Eric. 

[00:41:55] Luke: Thank you supporting on that, Eric. Yeah. 

[00:41:56] Krys: Amen. But anyway, surprise. So actually, in honor of this particular moment in time, I went out, monkey Dun, went out and got himself a new cap. ’cause this was just too perfect. So I think this is, the time to show it off. here it is 

[00:42:16] Luke: What we got there. A bus business monkey. Yeah.

[00:42:21] Krys: Monkey business.

Monkey business and check it out. it even has little stock tickers at the front of the room in a little, stock ticker thingy in the back. But I was like, damn, if I, don’t get this thing right. It’s, so anyway, I’m, I’m putting this bad boy on. Look at this.

[00:42:44] Luke: that hat. Look 

at that hat that it’s pinstripe, it’s pin stripe. What are the tickers? There’s some tickers on the brim. You told us We can’t quite

[00:42:51] Krys: Oh yeah, it’s, it says Eos a STS iron over here. You know what? It does not say, you know what, it does not say Greg Sausages

[00:43:08] Luke: Let me, if you’re, if you’re not in the Patreon, let me give you like a bit of an inside joke today. yeah, Greg’s sausage rolls, which Christophe loves to rip me about, I’m a, I’ll take it, I’ll take it. They pay a nice dividend and, Barry was kind enough to share a picture of his Greg’s sausage roll like order he got for today’s show to, in readiness, to steal his iron, arteries and deal with our shit for an hour or two of live streaming chaos.

And then Christophe replies with, like the strictest thing I’ve ever seen. It was like, it came from like the, like the chief administrator of his, university. And he was like, I’m really sorry. We’ve had to ban someone from the community. And he was trying to be funny about the sausage rolls, but me and Barry were like, shit, what’s happened?

Something’s gone down.

[00:43:59] Krys: one. I was not trying to be funny. I was funny. and two, it is serious. You post that kind of, you post that kind of vulgarity again and you see what happens. Friends, fa fo as the young, kids say these days. 

[00:44:20] Luke: Hey, let me share a, let me just in case you’re not on the YouTubes, we had a message from Slow and Slothy in the live stream that I really like In many ways, the last few years have been great. Luckily my portfolio was smaller at the time, but didn’t feel as painful as it would now. But suffering through negative positions for almost two years and now being rewarded with crazy growth has been a lesson for me.

So yeah, absolutely slow and sloppy. Like we celebrate when it’s the good times, but also this is when we have to be aware. ’cause we gotta, you wanna steal yourself ’cause we’re gonna get the bad times again at some point. 

[00:44:55] Krys: they always, they have, they, that’s the thing about waves, right? that’s really how I think about it. It’s not bad or good, it’s just how the world works. everything in physics is made of waves. it’s weird to think about that. And the stock market is no different.

So yeah, you go up, it’s gonna go down, but then hopefully the higher, the highs are higher and the lows are higher and you just keep going up and to the right over time. But I, sorry, I need to say this just one more time. It breaks my heart badge, honestly, from all the years doing this, as better than anyone, how many people in terms of like percentage actually drop out of the market because they consistently enter during one of these peaks, and then as soon as it crashes.

They give up and they can’t tolerate it. And and then, the institutions just make money hand over fist because some of this stuff is orchestrated, the institutions can make the price go wherever the fuck they want in the short term. And so they scare people out. And then, and if there’s one message, I, wish everybody would really spread to your friends and family members or people you just shoot the shit with.

It’s come into the water, the market’s fine. you’re gonna lose. It’s things are gonna drop. But we promise five years, seven years from now, you’re gonna have much more than you have now. so spread that gospel out animals, please. 

[00:46:33] Luke: Hey, you know something else that is going, up and down, it turns out, so one of our Patreons is a pilot and, Barry I think has got Steven, or he’s got his plane right now on like flight tracker. Barry’s just given us an update that Steven is over Frankfurt and landing in 36 minutes. I was playing tennis a couple of days ago with my buddy Adrian, who’s also a pilot for BA and Adrian’s yeah, Like you can’t, be joining like live streams when you’re flying, mate. yeah. 

[00:47:04] Krys: is one of our most active members. Often offering a lot of excellent pointers and due diligence. And I think that’s really, a, another strength of doing things in the community like that. bless your heart, Stephen. I can’t wait for you to join us on the stream. 

[00:47:26] Luke: Don’t crash that plane. ’cause we want some more like a STS recommendations from, you over the next 10 years, buddy. Yeah. should we turn to a bit of a, was there any more to the 

[00:47:36] Krys: I was just, 

[00:47:36] Luke: Was it like that was 

it? It was like pop quiz. Who’s winning? Yeah. You are a what on. 

[00:47:44] Krys: I just have to squeeze your shoes a 

little 

bit, that’s all.

[00:47:46] Luke: Let’s turn to some q and a Christophe. Let’s turn to some q and a. So we’ve got a bunch of questions, by email. Thank you so much to you guys who submitted some questions. Also, we’ve got a couple from Steven here, so we can answer his questions while he’s flying. We’ve also had a bunch of questions, live on our poll and we’ve got, them coming in thick and fast on the live chat.

Let me hit you with a couple of these though as well. actually, so questions and like comments really. Christophe, what is the biggest mistake you’ve made in your investing career? 

[00:48:19] Krys: you might think it was going in with all those call options on eos, but you would be wrong. I. Earlier in my career made a devastating margin move in that. and one, one of the things we talk about very openly on this show is the reason we feel we’re qualified to help people and guide them by principles is because combined, you and I have probably made all of the mistakes and, I used margin when I didn’t know.

I knew, but it was theoretical until it happens. And then you have a major crisis and all of a sudden the bank wants its money and you’re completely fucked. And, it’s just the most heartbreaking thing in the world. So I would say that lesson, just and why we have the principle do not use margin basically ever.

And if you do use margin, because sometimes, I even hesitate to say if you ever do it, it needs to be a tiny smidgen of your account where you’re just weaving in and out, but you would never have difficulty paying it off or anything like that.

But, so that’s my. 

[00:49:48] Luke: Good one. Good one. And I’ve got a, more techie question for you as well. and I dunno who these questions are from, ’cause these are from the poll. But anyway, anonymous submitter, it’s a good question. Where does monkey get his initial ideas for companies to research? 

[00:50:01] Krys: I would say combined from the fact that I read a lot. So I try to just keep my mind open from across different disciplines and stuff. maybe that’s not a very fun answer, but this is interesting, how you were schooling people about using X as a really sophisticated tool. I’m totally with you on that.

But we have a divergent strategy for, I think, correct me where I’m, if I’m wrong, for how we use it because I deliberately follow like 2000 accounts, like something way more than I would ever, methodically do. And I do that specifically so that when I click on that feed, I actually won’t know what I’m gonna get.

And it’s from a much it’s a very diverse field of new info coming at me. And then over time, I curate, what I begin to sense is that they’re there and like somebody, a smart person talking about this. Thing that I never would have found on my own. And then I curate and develop a, study, and then I filter and then I say, okay, this is a good place to look.

So that would be my main answer before today. Today, back in the day, it used to be on the Motley Fool discussion boards. 

[00:51:26] Luke: there’s one board in particular, I feel like I’ve really outgrown the Motley four, but I started and the Motley four, like I used to read your stuff. You were writing as CMF monkey, like you were quite an influential figure on the boards, like way back to the nineties, and I really enjoyed reading your stuff for the 20 years before I met you.

but one board I’ve really gravitated to now subsequently, ’cause I’ve, definitely feel like I’ve outgrown the Moley four seriously. But Saul’s board has always just been a collection of very smart folk doing really, good quality due diligence. And it’s free. Like I highly recommend checking out Souls Board on the Motley 

four community.

It’s 

[00:52:08] Krys: absolutely. And that’s, it’s the same point again, but I think it’s really worth making. It’s astonishing. Human beings got to where we are, right? Flying airplanes and submarines and rocket ships because we work together. No one human could possibly build all this stuff in this day and age. I think this is the real strength is finding the group of people that are doing legitimate work in a particular area.

And you will benefit together like magnitudes than you could ever do something completely alone. And this is why actually, when I read some Wall Street analyst stuff, like on a company like, I don’t know, any company that you could tell, it’s just like one analyst like banging on his keyboard versus what the community intel provided.

it’s night and day like no one human could do with a larger community is capable of. So finding, those little niches is so key. And I would say what you and I do combined on this pod is we filter through a massive amount of information that otherwise it would just be way too much. slow and sloppy asks. I’m sure by now investing will be something you both do until the end of days. How long do you think you will both continue with the podcast and Luke specifically, do you find the podcast the strain on your semi-retired lifestyle at all?

How hard is it to be? How hard is it to put up with Monkey on a weekly consistent basis badge. 

[00:53:46] Luke: It is a delight. It’s a joy, right? this is just the most fun thing I do. All the time now, like when I, so I say this to close personal friends often ’cause I’m trying to encourage everybody else to a bit like, just follow the same path if they can. And I’m investing for their kids ’cause I want their kids to have the same kind of freedom.

But I, I retired when I was 49, and I was lucky I had a good job that allowed me to put a lot of money into my ISA over a long period of time. And then, 22 years and 22% cagr like the money got there. but you don’t just need money to have a successful retirement. You need a purpose in life.

And I’ve always been one of these guys who goes out and finds their own purpose. But I just discovered podcasting, I suppose with my buddy Albert in 2020. And and then I joined seven investing and we had to close down that podcast and Albert got obsessed with other stuff.

and then you and I started podcasting and now we’ve got Wall Street Wildlife. Like this is my purpose in life right now. and I don’t see it changing. I think about this topic all the time and I love trying to study the world and understand the world through the like investing eyes. We used to call it like we, our old podcast was telescope investing and it’s a bit hokey, but we said like the telescope lenses, all the different lenses, you look at a company through to analyze it.

This is such an interesting way to think about the world and think about the trajectory of society. I will always do this until my brain rots and I can no longer think straight and just peeing my pants and stuff. and, the fact that I get to do it on a podcast with someone like you is incredible.

’cause it means I’m not just like trying to talk, persuade friends who are like the investing curious or they just, they’re just like, humor me and then have a beer and then go back and do whatever they’re doing. get back into the rat race. Someone who’s also interested in this thing is interested in the same kind of companies as me.

yeah, like this could not be better for me. So I to answer slow and slow his question, I intend to do this for as long as Christophe will have me. and if he dies or bug us off or does something else, I’ll have to find myself a new podcasting buddy and will carry on. it won’t be Wall Street Wildlife, it’ll be something else, but we’ll grandfather you in if you’re a Patreon.

I’m gonna be doing this until I can, 

[00:56:22] Krys: that’s an inspiring answer badge. and I know it’s true, right? I know it’s true and it’s really good, right? your reasons are multi-layered. It’s good for your portfolio, but it’s also a kind of, you have a mission on top of that. That you do through this. And I think that’s, that would be my answer, is that second part, I have a, very strong interest in philosophy and I have a very strong interest in what I would call personal cultivation and spiritual growth.

this might sound a little goody or squishy, but basically helping the world be a better place. And I’m beginning to be more and more convinced that, we have to find our individual talents and then do things the right way through mediums that present themselves to us. So instead of becoming, I’m not gonna be a mother Theresa, I’m not going to run a say food kitchen as a kind of very, maybe caricature version of what doing good in the world is.

But if I can make a big difference in somebody’s life because they were able to make more money in order to live a better life for themselves or their kids, that is through the right kind of principles and through the right kind of attitude and through the right kind of call it, human touch, then I think it’s in a sense, doing the Lord’s work in this way.

And that’s why I, intend to be in this for the long haul well. 

[00:58:02] Luke: Excellent, excellent. Good. Just now we just both need to not die and then we’re great. We’ll carry on Compounding and King of the 

[00:58:10] Krys: you have a motorcycle habit and you have a down skill skiing habit, and what do I do? I just go and fight grown men who try to kill me every day. like

[00:58:24] Luke: There we go. And you are, you’re married to an Italian and they’re fiery, right? So she

might, yeah. 

[00:58:30] Krys: Yes. One day I could say something very, wrong. 

[00:58:34] Luke: we, you guys asked us some questions and keep firing away with questions in the, live chat if you want us to answer. If we missed one, hit us with it again. but we asked our Patreons a bunch of questions as well, and I thought I’ll just reflect on a couple of those.

we asked what was the, over the last hundred episodes, what was the best stock p stock pick or piece of wisdom that we shared. Steven, who’s probably probably taxiing the plane right now, told us, the best piece of advice wasn’t one particular thing just, but just being constantly reminded of solid investing practices.

I think he’s talking about me there. Telling him about all the solid stuff. get the crazy ideas from the monkey and then the discipline from the badger. Barry who’s here, but Barry I’m gonna out you as well ’cause you emailed us. he fessed up to, buying Novo nor disk just ’cause the stock had gone down.

And I gave him a bit of a badger claw to our Patreon and said, Barry, you, but you might be, that might be the right thing, but you’re doing it for the wrong reason. Do your due diligence. So yeah, Barry, you got in, trouble with the badger. But that’s a good lesson learned there. Hopefully

we we also asked what are the most dangerous dinosaurs in either of our portfolios that might go extinct in the next five or 10 years? So Steven thinks that, Tesla is strongly overvalued and Musk going completely nu nuts with his extreme right wing conspiracy theories. yeah, that could get ugly essentially.

I dunno if he’s saying it’s like a dinosaur, but he’s I believe there’s better opportunities out there than Tesla and 

it’s strongly overvalued. 

[01:00:26] Krys: I’d like to counter Steven. I just disagree with that sentiment, and I’m trying to not confuse my political leanings or, whether I like him or not, by stating clearly, I think he might be the world’s most talented, entrepreneurial genius, maybe of all time. And he has more access to capital than anybody.

And he’s living in this moment of AI transition where he’s developing these robots. I, and that’s why Tesla is still on my potential 10 x even from these levels list. overvalued is a tricky thing because maybe in this moment, with car sales kind of dipping, but if you think 10 years out, today’s share prices might be peanuts to what it becomes.

sorry Steven, that’s what makes a market. I know Steven really does. Fucking 81. he has good

reasons, 

[01:01:32] Luke: Barry says, Barry said, Steven fucking hates Elon. Full fucking stop. ’cause that’s ’cause Steven is Mr. I’ve got everything I own in a STS. 

Like fuck off starlink. That’s why 

[01:01:45] Krys: Yeah. There’s some, There’s

a bit of motivation there. Yeah. 

[01:01:48] Luke: there’s a lot of bleeping there. 

Sorry, editors. Yeah.

[01:01:52] Krys: Palo, Palo said, Coherus is not long for this world. It either folds or is bought out. Interesting you say that because recently there’s been more data coming in about one of their targets. CCRA, it’s starting to really light up across the industry. It’s a cancer target. and yeah, coherence has a very promising.

Drug in line of sight. So I don’t think it’s gonna fold because it has lots of, it just has plenty of cash and it already has money coming in from another approved drug. But I absolutely think it might be bought out, for hopefully a huge premium from here. ’cause it’s a tiny little baby, so it could 10 x just if somebody buys it for a billion and but yeah.

Good call Paolo. We’ll see. I doubt it ex I think you’re right. I doubt it exists as a standalone company like

in a few years, 

[01:02:50] Luke: just tell me one last time. ’cause I’ve got my January twenty, twenty six call options on coherence, two of them. And the deep one is just in the money now, and one is deeply outta the money. 

What do I do? 

[01:03:02] Krys: your best bet honestly will be to roll them into the future, into future 

dates. 

[01:03:07] Luke: no. That’s not on my, it’s not my radar. I’m not gonna own coherence again, electively. I bought it like an idiot. No, that’s unfair. I bought entertainment positions in a bunch of your companies. Like upstart did really well. I made like a ton of cash outta that. It is in my entertainment portfolio did pretty well and that, that’s covered the losses on all of the others by some margin.

But yeah, like I’m sitting on a loss of a coherence, so keep, I’m not gonna buy more coherence. Keep the option or keep it closer to 

[01:03:38] Krys: Yeah, it’s just that the data that we’re looking for is not gonna happen until probably first half 26. And so your options, unless markets sniff something out about this particular cancer target and, bids up the shares in advance, then I think you might expire 

[01:03:55] Luke: What? Alright, me and looks like me and Paolo are still holding coherence in our fund money allocations. So we’ll see how that plays out. Christoph, we had a couple of entries on, we asked our Patreons, which company do we think in five years will change the world more than any other? 

of entries did we get on 

that? 

[01:04:14] Krys: guess who says, biggest world changer will be hands-on? No doubt. A STS and, currently only 10% of the world has internet coverage. This will open whole new markets of Internet of Things and other tames, which fit perfectly in that. AI revolution. There are plenty of ser served locations with bad connectivity around the world and on top there are all the defense applications to assist with tracking missiles amongst others.

I think, I think Steven is really onto something. It’s why it’s such a huge position for me. communicate, revolutionizing communication in a way that is like a whole leap forward. And they built this thing from first principle techno technological principles. making the whole planet always on, so to speak, I think could have repercussions that are absolutely mind boggling and for the better.

talking about those areas in the world that just, are still in the third world, so to speak, or maybe second world, it’s gonna make a huge difference to many, people. 

[01:05:23] Luke: I’m gonna call out Barry’s answer ’cause I own all three of his nominated companies. Barry says the company that’s gonna change the world the most in the next five years, he’s got three alphabet, Nvidia, and Tesla. He likes those three. I agree. I agree, Barry. 

[01:05:38] Krys: Yeah. unlike another company in your portfolio, which. I’m glad. You know what I realize? I’m so glad you gave me this gift that we’ll keep on giving because for all this shit that I had to put up with over, basically half my portfolio over the first three years, the fact that out of thousands, of companies that are doing the most incredible things on this planet, you chose to invest in fucking disgusting sausages is just like this will be a gift that just keeps on giving.

So bless your heart, 

Greg. Greg’s 

the 

world changer. 

[01:06:23] Luke: had to throw you a bone. I had to throw your bone. It’s my barbell. It’s the barbell I’ve got 

[01:06:31] Krys: Yeah, it’s a strategy. All right. and then let me get on my reign just, for another second. Then we have innocent babes in the wood, like Barry, who see. This thing in your portfolio, and they show up to our community with a goddamn Greg sausage roll display. Oh my God. The, oh, the horror.

The horror, Barry, this is how you make up for that, slip in, in what I could only call consciousness. Get that, that lovely wife of yours to make you, a fantastic cannoli. And then you take a photo of that and you upload that to our community chat, and then all your sins will be forgiven. 

[01:07:22] Luke: Great stuff. Are you, do you guys both have Italian wives? That’s, wow. Very good.

[01:07:28] Krys: Even the

homeless person would want it.

[01:07:30] Luke: Shall we, shall we, should we move the conversation forward, Christophe? ’cause we did also ask our Patreons what’s been the funniest moment in the last a hundred episodes. And there was one very consistent, nomination from many people. And if you didn’t catch it, it was a bit of an excerpt from, one of our episodes about 50 episodes ago.

But anyway, here it comes. 

 

[01:08:44] Luke: Yeah, so if you call 50 episodes ago, we were just chilling out shooting shit. and we were prepping for the next segment and suddenly like the heat, you’ve seen Christophe’s office and I’ve been there.

It’s beautiful. It’s like whiskey and it’s whiskey and like erudite tones from incredible writers and like I can guarantee like he’s read every book multiple times. I flick through a couple and all the corners are bent over and there’s all sorts of like notes everywhere. This guy, is a reader as he likes to tell me.

I don’t read. Anyway, the sun was sitting on these books and I guess they must have heated up ’cause we were, we were having a spicy conversation and there’s huge stack just collapses and there’s a bearded monkey going, oh my God. that’s, this is more admin 

[01:09:30] Krys: Yeah. Yeah. That is the bane of my existence. And I don’t wanna go into details, but I have several libraries across in my life, at the office, at the university, and then here, my home office. and you can’t quite tell, but those books are like three stacks deep. And my god, like when I have to pull one out from, it’s of course it’s always on the bottom.

So the rebalancing act gets tricky. Hey, Cole. Oh, actually one other thing. It was so funny. You were trying to contain yourself. You were like, holy fuck. And then you, catch yourself and you’re like, holy fuck the bloody hell. We’re, still trying to figure out like, how can we cuss on our own show?

Or do we have to be polite? yeah, you were, anyway, coal also makes a good point. Trans medics as a company that can really change the world for the better. One of monkey’s, king of the Jungle Holdings absolutely love this company. Good point. Cole. if you haven’t done some research on this, please go ahead.

It’s really inspiring what, these guys are doing. 

[01:10:38] Luke: I totally agree and I wasn’t gonna go there ’cause we went past that segment. But you, we raised, Cole raised it. So I’m gonna go there. I’m gonna go there. ’cause I wondered if you were gonna. ask me about the dinosaur, which is the dinosaur and the portfolio, the one that could be extinct in five years.

And I love Eds. I’ve got a decent, we’ve both got a 1.2% position in it. ’cause we talked about that in episode 99 and we both want to add to it. And I looked down my portfolio thinking maybe Christoph is gonna ask me this. And I’m like, actually of everything in the portfolio, that’s probably the one that’s most likely, it might be like a 1% chance, but it’s still most likely to actually not be here in five or 10 years time.

’cause there are alternative technologies to transplanting, like taking essentially like your company is taking organs from dead, from corpses, transplanting them in a really incredible way and putting those organs in live people. It’s a bit fucking medieval, isn’t it? Let’s be honest. There must be more star trekky ways of doing, keeping people alive than literally like taking dead organs and putting ’em in you and trying to, trying to keep them alive desperately while the corpse rots around them.

xeno transplantation, like taking organs from animals or just growing stuff. there’s a bunch of sci-fi technologies that might knock these guys outta the water. Nonetheless, I’m, I own it. I’m gonna add to it like I’m not knocking your recommendation coal, I always try and think about 

[01:12:13] Krys: Yeah, in this case you’re wrong badge. And that’s because we’re so biological creatures and these guys, it’s like manufacturing. Some problems. You still need physical things and, these guys are innovating in the transportation network itself by buying the planes. And I’m not gonna go over the thesis itself, but I think because they make physical things and physical things require immense, infrastructure buildup, that they’ll be perfectly safe and fine.

what won’t be

in five 

[01:12:46] Luke: yeah. 

[01:12:47] Krys: I’m calling it right now, that most of the companies that were the best sellers in the SaaS world of 20 of the 2020s are gonna be gone

one way or another. lawyers are going to, so many people are gonna be out of not only jobs, but the way that companies are going to integrate ai. if I’m now holding any pure software company, I’ll be shitting my pants. it’s seriously because like for example, this is an interesting, test case. Like a company like Monday. we’ve talked about it. I used to own a huge slug of it all software, right? Really great product. now it’s selling for a little bit of, what we would call like a discount to, it’s cheaper.

It’s one of the cheaper sassy companies. I think that’s for a good reason. Because it’s in, the kind of soon to be discovered existential crisis. and that’s why, right now, CrowdStrike is another one where I, know, like I get the other side that a cybersecurity can’t be, done without, but I’m still, putting like three asterisk next to even a company like CrowdStrike. 

[01:14:10] Luke: Yeah, that’s fair. That’s fair. I think my, rationale for why CrowdStrike will be immune much more so than everything else that SaaS ’cause I totally agree with what you’re saying, is that CrowdStrike is the excuse for the CTO or like the senior tech guy when an organization gets breached and if if they built their own cybersecurity with an LLM or something, or did something non-industry standard that wasn’t like a Gartner like quadrant leader, that guy gets fired when shit goes up, like when the shit hits the fan.

And Probably for that, poker player reason than any other, you are a dummy if you don’t buy industry leading solutions in this 

[01:14:53] Krys: Don’t be a dummy

bat. What’s, what’s up with the Batman, picture in your office? 

[01:15:00] Luke: Nice. Oh yeah, that was a question from Steven. you can’t, you guys can’t quite see it on the stream, but our editors will like, fix the layout. Yeah, I got this picture behind me. it’s an artist called Craig Davison, and if you Google him, he’s got like a, he does a whole bunch of stuff. He’s pretty cool, like urban artist and he, like a lot of his shtick is kids casting a shadow of like their hero or something.

And one I really liked was this Batman one that’s just over my shoulder. So it’s like a kid in a moody, like, a raincoat or like a dark alley kind of thing. And he’s casting like the Cape crusader behind him. But yeah, check out Craig Davidson. It’s pretty cool. 

[01:15:42] Krys: shall we What? Check in, on investing resolutions from episode 61. 

[01:15:49] Luke: Yeah, let’s do that. Christophe’s reading out of my docket. But if you remember in our new year, January 1st episode of January, 2025, we made a couple of investing resolutions each. So that might be quite fun to revisit our resolutions and see if we’re on track. Because we’ve still got what, like another quarter, three months to shape up before the year is out.

let me take you through, we’ll do one each. I’ll take you through your resolution and then me mine. So your first resolution was do not 

sell eos. 

[01:16:26] Krys: for those dolphins who get to witness the trading channel, you now know that I sold 50 shares of eos. And that’s because for ING’s sake, it just was too big in a portfolio. And it just got completely outsized and I wasn’t going to let that stop me. But then it gets so big, and I had this at the time, fantastic place for the money, which was my Harmony Biosciences bet, which did not work out.

and so I was like, I have to, but I should have kept to it. I should have kept to my resolution. I still have 400 shares though,

[01:17:11] Luke: no. You were good. You were good. You, you are right. Like it was a bad resolution and I get the spirit of it, hold your winners, don’t sell your winners. you have such massive area exposure. Maybe some of this badger bureaucracy and 

off on you ’cause you’re starting 

[01:17:32] Krys: yeah, Maybe 

badge. You said, you resolve to earmark an allocation of funds, emergency money, lifestyle expenses that will never be reinvested and segregate out from portfolio 

[01:17:48] Luke: It’s a, I stuck it. Yeah, it’s a boring resolution. Mine are all like really tedious administrative things, but essentially,

essentially mine was, like I’ve got in, so realistically in my retirement portfolio, there is like probably, I’m 15% cash at the moment, one 5% cash. and I’ll probably never, ever go below 5% cash. ’cause then if I’m at 0% cash and I gotta pay a credit card bill or the, the mortgage or whatever, or a vacation, like where does the money come from?

So I’ll never go below 5%. ’cause that gives me like a bit of wiggle room in my lifestyle. so my thinking was maybe I should take that out and to stop counting that as part of my cgo. And, but I thought nocr like this is, the reality of how I manage my money. I’m trying to be transparent. So I’ve actually decided probably not to do that.

I’ll just be transparent. I know my CGO is worse because of it. ’cause I got this money, which I’ll never invest, but so be it.

Yeah. Christophe, yours was, ah, yeah, they go, yours was an adminy one as well. Your second one was, you should have fewer tabs open at once 

while 

[01:19:03] Krys: fail. I have all the tabs open on now. Multiple monitors. Next question.

[01:19:12] Luke: How many tabs you got open right 

[01:19:14] Krys: Do you think I could count that high? 50 on this screen, 40 on this screen. It’s a disaster. Next question.

[01:19:26] Luke: Okay. I, don’t even wanna show you what my, I curate my bookmarks, everything is just beautiful. It’s all so organized. My inbox 

[01:19:34] Krys: Yeah, maybe, although I will, add the point. I don’t think we talked about this previous episode. I resuscitated in the old iMac 27 inch screen, and I, hacked a fancy software solution that allows it to be used as a second monitor. So I now, and on this monitor are giant trading charts like the, the stuff that Badger squeezes my shoes about.

And so anytime, you walk into my office, I look like that guy. I am now officially that guy. I’m that guy that has all the monitors, all the tabs, all the squiggly lines and bar charts and fucking things bleeping at me and, so I don’t know you sometimes you gotta do what you gotta do, but I’m that guy now. 

[01:20:23] Luke: So you 

[01:20:24] Krys: I just brought more 

[01:20:25] Luke: you just bought 

[01:20:25] Krys: exact opposite. I could not have, oh, I feel this is bad, but it is what it is. Next year, I’ll clean the, I’ll clean up my act. Whereas you said you would ramp up your VC allocation and start tracking more publicly. How’s that going? 

[01:20:45] Luke: yeah. Going on, actually going pretty well. I’ve invested in, whoop, I talked about that a few weeks ago. Invested in something called vibranium, like a sort of, AI in software engineering. I’ve invested in SpaceX in the last year. Invested in a bunch of other, a British FinTech startup. I’ve still got my investment in a lingerie company.

So yeah. I’m ramping up the VC stuff, like we call it vc, like some of it’s crowd investing. Some of it is through like an investing syndicate, like last episode or the whoop episode I think I talked about like how to be a private investor. And actually if you are in the uk, anyone can do that. It’s actually quite straightforward.

I don’t recommend it. It’s if you’ve got like the badger safe stocks, there’s some fun in there. And then on this like thing, you’ve got like the other end of the thing, you’ve got like the monkey wild stocks. like the private equity stuff is way past monkey and now the other side, like that’s 

[01:21:46] Krys: yeah. Don’t do this at home kids. 

[01:21:50] Luke: Yeah. you got a recomme, you got another resolution. How are you doing with this one? Because I don’t want you to get, bust your ass. You said you would do more jujitsu, less 

[01:22:02] Krys: it’s, it’s actually, I’m not proud of this one, but I got old, like I somehow got old like in the last four months where everything always hurts and I was running up. Really steep hills in Sicily and doing all kinds of strength training. But when I was in Sicily in Europe this summer, there is no Jiujitsu studio there.

So I was just torturing myself in all the other ways. there was no option. But since I came home back to Austin, I have not yet gone back to the Jiujitsu studio and just kept working out in the other ways, in part because I was, scared. I’m scared like a little, I’m scared like a little girl to go back because that’s the honest reason, because, these are monsters I’m fighting and you, take three months off, And, so shamefully, my juujitsu in this moment is, lackluster. 

[01:23:03] Luke: you worried me ’cause like ages ago you said like you describe your class as you, like you wrestle or wrangle or whatever with these like big guys who have no skill and then, like you, you are the skillful one, but they got the strength and like the mass and it’s like still quite hard against a big beginner.

[01:23:23] Krys: Oh, absolutely. if you really, if you are, you’re, yeah, you’re, a big giant human is attacking you. Even if you’re skilled. It’s not like you’re not gonna have a twisted elbow and, I’ll, survive and I’ll be fine in the end. that night on the couch, like the bruises and the, everything just hurts so bad.

it’s, so yeah. Anyway, it’s not for the faint heart, but I will get my, I will get my jiujitsu ass back in gear. You meanwhile said, say no even more. No. And declutter your life from admin and minutiae, even though you love admin and minutiae. 

[01:24:12] Luke: Yeah, I do love minutia, but no, I’m ruthless now. This year I’m really being ruthless. Like I definitely, I say half seriously and half jokingly. I wanna live to a thousand just ’cause I wanna, see what happens with a 22% CAGR for a thousand years. that’d be quite amusing. but, like I value my time ’cause obviously I’m not gonna live to a thousand.

I’ll probably be lucky if I live past like my mid eighties, maybe not even like past January ski season. so I’m ruthless with every hour now. and so that’s, that objective is achieved. But Katrina, my wife is a bit unhappy ’cause I have deprioritized certain like household chores that no longer warrant, badger a minute of my time on.

So yeah, we’re negotiating the cooking at the moment. I’m like, stop sending me these fucking look. Christoph, the world has changed. I’m actually reasonably good in the kitchen. I enjoy cooking, but I want like a recipe or I want, here are some ingredients. Use your initiative and make something outta it.

I do not want this stupid fucking video on Facebook, but I can’t pause it. And then someone’s just throwing stuff in a pot from like an overhead view. And I’ve got no idea what ingredient and how, what quantity and what they’re trying to achieve. And then I have, there’s no instructions. I should rewind, ugh, gimme a recipe.

You want me to cook Katrina, gimme a fucking recipe. And I’ll cook or gimme the ingredients 

[01:25:47] Krys: Oh, in the non-related item though, to go back, you thought you would, you thought you would sneak this bias, but this private investment in the lingerie company, I’m just picturing, see-through leopard skin tidies or thongs or whatever, send the link over. Let’s, investigate the good.

There must be a reason why you, invested in, this company. don’t, 

[01:26:13] Luke: it’s, yeah, they’re called Blue Bella that they’re struggling a little bit. ’cause actually tariffs have smashed them. But they were looking really good and I, no, not just looking good, like they look good. I met the founder, this lady Emily, just super smart young fairy go-getting, and then, yeah, I just, I was really, I just fell in love with her vision for the company and her ability to execute this vision.

yeah. and I think they’re gonna get out of like tariff hell. but it hasn’t helped. Anyway, I was, I’ve definitely, I was sitting on a th I did a mark to market. I was like, I’m sitting on like a three x. But now 

[01:26:54] Krys: oh, okay.

Alright, send the link. Don’t, forget, 

[01:27:00] Luke: if you win, if to win this contest, you had to submit, your a, graphic that tells a story, like a chart, an export from fiscal AI that tells a story about a company and gives some investing insight.

And you were like, we had a good conversation last episode. It was like, first prize is you win a pro subscription, 750 bucks, thanks to our partners at fiscal ai second prize, everybody 

[01:27:28] Krys: is this, squishy banana.

[01:27:34] Luke: you get squishy banana and you get the experience of playing with the damn tool and figuring the stuff out. So everybody’s a winner. Everybody’s a winner, but there can only actually be one winner. Now, 

[01:27:45] Krys: one winner. 

[01:27:47] Luke: we’re gonna go. We, Hey, Steven just landed.

[01:27:51] Krys: Oh, nothing. Steven, he nothing but Barry tries to get himself kicked out of the community. 

[01:28:04] Luke: Barry’s been, tracking you. He’s been live tracking your 

[01:28:07] Krys: Yeah, you have a right. Yeah, you have a new stalker. Plus there’s talk about, see-through lingerie, leopard skin lingerie. just your run of the middle episode. Glad you’re, back on. glad you’re back Safely on the ground. Steven made it just in time for 

the big prize Reveal

[01:28:30] Luke: the final segment. we had a bunch of entries for our fiscal AI contest. we have a top three we’re gonna share, and then we’re gonna tell you which our winner was. So before we get into the top three though, I did pick as naughty and I picked one out that I think is like honorable mention.

We’re not gonna, we’re not gonna say who all of these came from, but if you see your graphic, you know you made it. Yes. so honorable mention, let me just do a screen share. I’m hoping this works. Share. Okay, good. Alright. Editors, we’re back. Sorry. It didn’t make the top three. I’m sorry, but I did want to give honorable mention to our submitter for Duolingo. I, there is one data point in this chart I really, which is, our submitter for this one did a custom metric of 

Thumbnail of overlay – logo for small bottom left.png

Thumbnail of overlay – logo for small bottom left.png

daily active users o divided by monthly active users.

And that is a kind of well known but really good metric for understanding the stickiness of an app like Duolingo. Like I’m on a 1,015 days, I think right now. and I’ve got the owl shouting right now ’cause I’ve gotta do my Spanish homework in a minute. like it’s a sticky app and if you are, like, if you get in there and you’re like a monthly active user and you like your streak, you become a daily active user.

So this chart actually shows that picture quite nicely. there’s the orange line in the middle of, I guess that point too is 20% of monthly active users are also daily active users since 2021, climbing up to I guess 35, 30 8%. So that shows like the increasing stickiness of Duolingo. That’s a really good story.

But good god, this chart so much data. This is chart crime. Three different y axes. Oh my god. I’m, sorry to this one. It could not make the top three, but I really like that if you only had just that data point. 

[01:30:39] Krys: Yeah. too much makeup on this pretty pig. 

[01:30:46] Luke: See much makeup. Alright, just come to our top three in alphabetical order and then we’ll announce the winner. So first alphabetical stock, Google Alphabet, Google’s engine room, how search funds the future. This is a really nice submission. I like this. the, interesting data point you have to squint a little bit to see it because we’ve got what we’ve got on this and you’ve gotta see this segment on YouTube to appreciate like, the beauty of some of these charts and submissions from using fiscal ai.

But the really interesting data point is that cloud operating income as it inflects around 2023 from negative to positive, and then cloud like GCP, Google, Google Cloud platform starts generating like real operating income. and so yeah, that’s a, that’s like a nice story, but, that the chart is dominated by this huge bar, which is Google Services, which is, like search, YouTube, Android.

So it squishes that other stuff down. But I like this chart. It’s made 

[01:32:04] Krys: Yeah, and when I was looking for, looking at it, I got this, it had an impact on me where I could see Google as almost multiple businesses. And I could see like the extent to which the purple bars represent their moonshots and how small they are compared to the, the more public and, established business.

So proportions were very clear and I just felt like, oh, I understand Google better by just looking at the size of the bars. So thumbs up. For, that reason.

[01:32:41] Luke: alright. Our second entry that made it into the top three is Nike’s retail nightmare. Great chart. what’s this 

one it’s showing us the comparison between operating margin in the blue and total revenues with, with percentage points. So to me, this is a chart that shows two important metrics in relation to one another. And the main idea here is that while revenue is basically, I would call it flat, or it’s, not even, but it’s certainly not going straight to the right, so I would call it flat in general, but next to operating margin, you could see that operating margin is going down and to the right.

[01:33:31] Krys: And so any company that has revenue but dropping margins is in trouble. And you could see it so clearly with these numbers and with this visualization.

[01:33:46] Luke: It is good. It’s a good, clear story on the pain, the retail nightmare that Nike is experiencing, not has experienced, is experiencing. Alright. And the third member of our top three is Uber. And we’ve got a couple of data points here, but the one that’s really interesting is the gross margin compression.

’cause usually as you get bigger and you grow and you become more efficient as a company, like your gross margin normally goes up. Like you make, you get more efficiencies and then you figure out, you renegotiate deals with suppliers, but Ubers gross margin has gone down and that’s because they’re working in this highly commoditized industry.

But the submitter of this one, had an interesting story, like the post pandemic surge in demand for ride hailing services, like really helped the business and they’ve focused on their core operations, strong cost discipline. They’ve converted top line growth into operating profit, but even while that margins coming down, ’cause ultimately now, share is commoditized.

[01:35:00] Krys: Yeah. if I may, 

may I offer the, one critique I have because I, really wanted to love this chart, and I think it’s very good for the reasons you said, but it committed, I think the same, I call it design error as Duolingo, which is sometimes less. Data is more, and here for my purposes, I, didn’t need to see all three of the lines that were basically going up into the right.

They made, they just cluttered, the chart. So had the, entrant basically given me two lines, I would say, oh, that tells the story clearly, indirectly, and that might’ve been the winner.

[01:35:51] Luke: But, of our top three, who is the winner? Christoph and I most liked Nike’s retail nightmare. Good, clear graphic, clear story on that. Operating margin compression and the struggles and the tough challenges that Nike is facing.

good. Clear story. Congratulations to everybody. Thank you for all the entries we could. We only had time to show a couple. I really liked the Duolingo one. I’m sorry, but there was just too much data, so much chart crime. It made my eyes bleed, but you definitely had an incredible insight there with DAU over MAU.

but yeah, Nike’s the winner. And, we didn’t name any of the, the submitters and the protagonists of all of our entries, but we will name the winner. Nike was submitted by our Patreon amped, A MT one amped. We do know his real name, but we won’t dox him on the show, but he goes by amped in the community.

AMT one, congratulations. You have just won $750 worth of fiscal AI pro membership for the next year. And then get active with it. Use it in the community, share even more graphs with your super pro data and educate us all, give us some more really clear, nice stories 

[01:37:15] Krys: Yeah. And one, one point about this graphic world and this stuff, if you ever look at one of the most famous graphic depictions of all time, it’s the map of Napoleon’s march into Russia. And it’s genius because you see, it’s just the size of the initial army is represented by thickness of soldiers. And then as the graph proceeds from left to you see that line just getting smaller and smaller in proportion to soldiers dying.

So one, almost like one data point, but it’s seen so clearly. And then today’s age of overload, load of information, just too much. I, it’s why I especially love the retail nightmare one. It’s just, it was to the point, great title tells you what you’re looking for in the chart and just the banger of, clarity.

[01:38:15] Luke: as a community, we are clearly barely scratching the sides of what you can do with fiscal ai. So I think you and I, this is probably a good prompt for us to go a bit deeper on that topic over the next couple of episodes and show everybody how we use it.

Alright, Christophe, I have a special announcement for you. In fact, I have two. I have two special announcements for you.

Katrina brought in a drink just now. I dunno if you saw that coming in live on the 

[01:38:43] Krys: that looks to me like a rum, bass, Negroni.

[01:38:50] Luke: You, my friend, are exactly right. This is a rum based negroni. I sent another recipe while we were chatting live. I said, can you whip me up one of these baby? 

me a rum Negroni 

[01:39:02] Krys: do you, but, rum.

I’m a little confused, but do you not remember how badly you squeezed monkey’s shoes? In our earlier episodes when I dared suggest that you, substitute gin with, rum. you almost, you tried kicking me off my own show.

[01:39:24] Luke: Yeah. This is the first time I’m trying it live and I can now say without any qualm, a gin based Negroni is better. This is still a nice drink. I like all drinks. I like all, I’m friends with all alcohol, but the original is better. The original is better. Maybe I needed 

[01:39:40] Krys: Here. here, Yeah. Bananas are good in everything. Badge. Cheers to you, my friend. congrats on making it through a hundred episodes. With me. Putting up with me. 

[01:39:51] Luke: Thank you fella. Which. we do have another small announcement, so literally, I’m not joking. I’m not joking. Literally while we were recording episode 100 live with our Patreons, 

we got our 100th Patreon.

That is that’s pretty fucking weird. No.

[01:40:15] Krys: That is so cool. That is so cool. A hundred episodes, a hundred Patreons. That’s pretty wild. that, that couldn’t have scripted any better.

[01:40:24] Luke: yeah, there were many ways this could have fallen down if anybody like, canceled their membership over this two hour period. But we could see this one coming ’cause someone so let’s call out and I think we should send a special surprise merch gift to our 100th Patreon. So thank you so much for becoming a dolphin, Matt.

K excellent. Matt will be messaging you directly. We’ll be DMing you, in the community and let us know what kind of merch you’d like. You could have one of these fine Wall Street Wildlife t-shirts if you like. You could have yourself a team Badger or a team monkey mug. Let us know what kind of merch.

Thank you so much for joining us, the show and 

[01:41:09] Krys: Yeah. wow. Just to, just really exciting. Can’t believe we’ve been doing this for two years. Here’s to many, more. yeah, just it’s amazing that this has taken on a life of its own. And, we’re both really, grateful to all you guys and all the ways you show up and tell us that what we’re doing is making a difference.

And, it’s lovely to make money and it’s also really lovely to. make these kinds of relationships that, otherwise could not have been possible. It’s wild, but, thank you.

[01:41:45] Luke: there is one more thing, Christophe, I didn’t tell 

you 

[01:41:48] Krys: is, this, but are you, pulling, are you, tapping into your inner Steve Jobs?

[01:41:55] Luke: There you go. There you go. Yeah. It’s not a product announcement, it’s just a bit of fun. It, do you remember way back the fir very first bit of badger bureaucracy around episode one and I said, we need to create like an advert. We need to create like some viral marketing. And so you and I put on some stupid t-shirts and hats and we made like a couple of really bad YouTube shorts, that we use for and we put a bit of like couple of hundred bucks behind them as a marketing campaign.

did you know there is a Wall Street wildlife wrap? I dunno if you guys have seen this here comes dropping live for you, Luke and Christoff, giving you the Wall Street wildlife wrap.

[01:43:02] Krys: Oh my God. Oh, that is on, that is public record. Oh,

no, we lost Paul. 

[01:43:22] Luke: Oh, no. Paul. is unsubscribing. 

Don’t unsubscribe. Matt, we’re canceling your mug. Yeah. Yeah.

[01:43:33] Krys: That’s great. 

[01:43:34] Luke: Awesome. Yeah. Yeah. the things like a humble YouTuber will do, like Christophe played ball with me. I dunno if that helped. I think the, books 

helped. I 

[01:43:44] Krys: need to put, our massive Google ad revenue from YouTube behind that short and, get, it further out in the world.

[01:43:56] Luke: Yeah. Yeah. we are, we’re now in the YouTube partner program. Thanks to you guys, we’re earning a whole $1 a day. So this is it. Like monkey’s gonna retire and join me 

[01:44:07] Krys: All right, kids, thanks for joining us Badger. Are you ready to become a beast of an investor

[01:44:18] Luke: your journey, my friend. Start here.

[01:44:22] Krys: flip? 

[01:44:26] Luke: That’s it fellas. That’s the live stream. I hope you enjoyed it. Thank you so much to you guys who stuck around to the bitter end. I hope we are entertaining on 

[01:44:34] Krys: Enjoy your weekends. Get, your heads outta your asses. Stop looking at the screens and go do something fun.

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