Welcome to the Deep Investing Jungle! This week, the Badger is furious, the Monkey is pivoting, and the robots are taking over our research workflow. Here is what we’re covering under the jungle canopy:
🎰 The Gamification of Debt: Luke unleashes his claws on a new Silicon Valley startup backed by a16z that turns credit card debt into a sweepstakes. Is this the most morally bankrupt business model we’ve seen yet?
📉 The PayPal Pivot: Krzysztof admits defeat on his PayPal thesis. We break down the psychology of selling at a loss to buy a high-conviction winner, and why he moved his bananas into UiPath. $PATH $PYPL
🤖 Alpha Alert: Stop drowning in tabs. The Monkey reveals his new “NotebookLM” workflow that uses AI to synthesize hours of earnings calls and reports into instant insights. This is a game-changer for retail investors.
🚀 Rocket Rumors: Is SpaceX about to IPO? We discuss the latest whispers, plus a critical update on the AST SpaceMobile vs. Starlink duopoly and the upcoming launch. $ASTS
🥂 Holiday Hijinks: Mark your calendars for the Wall Street Wildlife Holiday Live Stream, plus our first-ever real-world meetup in Vegas!
Segments:
00:00 Introduction – Covered App Controversy
03:20 The Predatory Business Model Exposed
12:46 Gambling Ethics & PolyMarket
19:10 Monkey’s PayPal Trade: Avoiding Sunk Cost Fallacy
32:00 AI Research Workflow Revolution with Notebook LM
47:10 SpaceX IPO Rumors Analyzed
54:18 AST SpaceMobile Duopoly Developments
55:50 How to Make a New Investor at Christmas
01:00:20 Holiday Livestream Plans
01:03:27 Vegas Meetup Announcement
WSW – EP10 – Video –
We’re in this golden era of investing where what would’ve taken, you know, professional level analysts working for some, private equity firm, we could now do this ourselves
this credit card thing, uh, just seems pure predatory, business model to me, like morally bankrupt.
living paycheck to paycheck is actually a reality. That way more people are under, even though it’s, uh. I, I imagine most people try to hide that fact
don’t be ashamed or embarrassed to use the tools that are available to you. You, if you are using ai, you still have to sort of distrust it to some extent, and look for like multiple sources and do your own research
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Welcome to the Deep Investing Jungle, your hosts, Luke the Badger Hallard, and Christophe the Monkey pki this week. Why am I furious at this Silicon Valley startup Plus PayPal to UiPath? Why is Christophe changing horses and he’s also got an improvement to his investing workflow that might help you.
Two are SpaceX about to IPO. We’ll chat about that. Plus, Christoph’s got an A STS update for us, and if we get time, we’re gonna field a Patreon question about Nintendo and maybe put my reverse DCF spreadsheet to good use.
That’s right. Badge, top of the mourn or afternoon to you. I’ve been hearing about, uh, the ways you are so mad. I can’t wait to, to see your clause coming out with this, with this, uh, gamification of debt thing you’re gonna tell us about. But before that, before you start ranting and raving, I feel like you, you sometimes underappreciate the outfits I wear for you.
Oh, So first, first of all, I put on, maybe this isn’t so much for you, but this is my slothy shirt in, in, uh, honor of, of our resident sloths. I want to, I think we both acknowledge how nice it is just to get, just to get supported, you know, with no, no whistles, no strings attached. Just a couple slothy saying, we like what you do over our Patreon.
So slot these. This is for you. And I wanna point out that I’m wearing a new hat, which you could see there’s a beaver here. And it says, rise and grind.
Ride and groin. Yeah.
nothing like a little morning wood to get your day started, right? Badge.
Okay. Is this a crossover from the OnlyFans that you’re doing now? That’s what Katrina calls our Patreon, by the way. She’s like, oh yeah, Lucas just chatting to his people on OnlyFans. Right. Awesome.
That’s right. Monkey has many branches from which he swings.
alright, well, do you wanna hear about my Morning wood, uh, that I want to take to this fricking Silicon Valley startup?
Yeah. You let me know about this, uh, a couple days ago, and, uh, I looked it over very generally, and I couldn’t wait for, for you to really lay your claws into this. And I’m curious to what extent I’m, I’m completely on your side or whether I see some nuance. So let it rip.
Yeah, yeah. I mean, bring
getting you so pissed off?
Yeah. I, it hasn’t, and I’m just trying to avoid like the expletives, ’cause like YouTube really doesn’t like that, but. There would be a lot of f words in this if I was chatting to you, uh, with a beer like I Am, it’s my hot button. Any company that like exploits people in financial difficulty, like the classic was, you know, 10, 15 years ago, these like predatory loan companies in the uk.
There’s one called Wonga that thankfully went bankrupt. Um, and they, you know, they extend like payday loans, essentially like short term unsecured loans at punitive interest rates you never get up from under. Or here’s the latest innovation backed by Andreessen Horowitz, like a 16 z like their fund. It’s one of their kind of startups out of their incubator.
I think. I don’t wanna give these guys too much like coverage, I would just say they’re called covered. Um, and essentially. It’s like gamification of debt on your credit card. So you have like a bunch of credit card transactions and if you want to gamble for one of your credit transactions, you like sign up, I guess you link your credit card bill.
I haven’t signed up ’cause I don’t wanna help their like daily active user stats. Um, and uh, and then you can gamble a transaction so, you know, you know, I just bought like, uh, like I dunno something from the butchers that I’m cooking for my friend Mike and Monica this weekend. And I could gamble that transaction and maybe I win back the cost of that beautiful piece of meat or maybe I lose the gamble and I end up with extra debt.
And this is so horrible and so dangerous in a couple of ways. Like if you are a responsible credit card user, you pay off your bill in full and you don’t get buried. And actually credit cards can be a useful tool, but unfortunately a lot of people are not responsible credit card users and they like roll debt from one thing to the next and they’re paying down like interest.
And it builds up and it just turn, you know, it’s like the, it’s one of the key legs of the stall that just destroy your financial future a bit like, like this idea of 50 plus year mortgages, but let’s not go there this week. Um, like you wanna get compounding working on your side and compounding is working against you when you have debt, particularly credit card debt.
’cause that’s, you know, like directionally 30 odd percent a PR, which is, you know, that’s punitive. You don’t wanna be paying that if you don’t have to.
Yeah. Hey Patrick, real quick, real quick. Uh, are you lumping buy now, pay later stuff into this kind of same category of predatory
I’ve got my problems with that, but let’s not go there this week. I don’t level, yeah, a lesser less of a problem with that, but I do have a problem with that. Um, but I just wanna, I wanna go after these guys covered particularly ’cause I think they’re doing something, not just they’re offering like a horrible financial product.
Like it’s really insidious the, the mental trap that they create. Because if you’ve got credit card debt, they’re like gamifying it and you know, maybe you sort of win and essentially you start to like mentally assign you, you, you know, like sort of fun with purchasing something, purchasing some household good.
And you’re probably gonna end up spending more on your credit cards ’cause you’re like, oh, I can just like spin the roulette wheel or you know, whatever it is, pull the handle on the the Jack Jackpot machine and maybe win this thing back, get it for free. And you probably tell your friends about it when you win and it’s just gonna create this like cascading horrible situation
ba So, yeah, badge, uh, you know, for the, the link you sent me, here’s what I saw. Just tell me if this checks out. You know, in part of their marketing, they showed somebody buying a relatively decent sized item, uh, let’s call it a new laptop, right? Call it a $2,000 purchase, right? Uh, you, you then do this product or whatever, you sign up for it, and then you, you take a chance at the roulette wheel and what they show you is all of a sudden you winning and that big item product gets paid for. Right. And so to, to your point, if you have an issue or you’re already in debt and you think, oh, I don’t need this thing, but I, but I’m gonna buy it because I’ll get lucky and it’ll, it’ll be paid off. Then all of a sudden you’re in, like you’re saying, right, you’re incentivizing buying something you don’t have money for because you could potentially win gambling.
Is that right?
Yes. Yeah, that is, that’s one of the many problems I have with this, but yes, that’s a very important one. Yeah, exactly. And you know, there are regulations in like functioning democracies, which includes the US still, uh. To prevent crap like this, but these guys sidestep it. ’cause they, it’s not like legally, it’s not gambling, it’s legally classified as a sweepstake because of the mechanism.
I’m not gonna try and explain it. The mechanism by which they do it. Like you don’t use gamble money. You buy like tokens covered cash and then you use the cash to gamble, which you can redeem back into something. It’s all just like bs like sidestepping the regulations and hopefully the regulations come and slam these guys pretty quickly and they get shut down.
Who knows. Um, but the other thing that’s horrible, like I, I actually did dig through all the terms and conditions. I, I read as much as I could on their own website that they don’t even dis there is a house edge here. They imply there’s a house edge on every bet. ’cause of course there is, right? ’cause it’s a business model.
Um, they don’t even disclose what the house edge is. They just say, oh, they give you like a really sort of hand wavy formula and they say, you know, each transaction, the house edge might be slightly different. Um. So even if you were going into this as a sort of air quotes, responsible gambler and you wanted to have a little bit of fun and you know, find other places to have fun, but if you wanted to do it, have a bit of fun.
You don’t even know like what the house edge is and you know what your return’s gonna be.
Right. Tell me if this sounds right. When I go up to the roulette wheel, at least I know whatever I could mathematically calculate the odds, right? There’s a green zero, so I know it’s not 50 50 if I choose white, uh, black or red, but then when compared to going up to a slot machine, I don’t know what the hell that I’m basically, I know I’m just burning money and it’s calculated to pay out with enough frequency to keep you coming back.
Right? This seems obviously closer to the slot machine model.
and even actually even a slot machine though, there’s regulations that apply to them. It might be something like a, I’m making this up a little bit. I think in Nevada it’s like a 15% house age, something like that, across slot machines, depending on how they’re designed. So. Even, even if, even then, you know, like your worst case if you went and read, you know, whatever the Nevada state gambling regulations, whatever applies to your state with these guys though, it’s a sweep state.
I think they can kind of do whatever they want and they don’t disclose it. I think you see it at the time of the transaction if you’re excited. Do you read all the small print every time you spin the wheel anyway? Like it’s horrible. IF word, F word A 16 Z and Andreesen Horowitz, they shouldn’t have gone anywhere near this.
Um, but whatever. Um, like, I mean, if you wanna, if you wanna sort of attack my attack, if now’s your chance, but otherwise, let’s talk a little bit about like what’s going wrong in Silicon Valley that things like this are coming to market.
Yeah. Okay. I have a whole bunch of stuff to say to that. I don’t think I, I legitimately don’t think I have a, anything to attack on your end badge. Uh, you know, I do a lot of philosophical work and a lot of work around ethics and morality. It’s really important to me, and usually investing and those kinds of things, you know, you keep ’em separate because money is money, capitalism markets, right?
You don’t want to interfere and all that. But you bring in this to light here, to me is such a obvious, uh, evil. I mean, really evil. I mean, biblically speaking, you know, lending out money usury is considered one of the worst things you could do because you take people who are out of luck and then you take advantage of them and make their lives even worse under the auspices that you’re somehow helping them.
So it’s got this like insidiousness to it, right? So I feel your, i i I fully support your, your view here. Um, I think that’s correlated to two levels, uh, that feel similar to me. One, the larger, broad thing is what happened with social media in general. And I think why you and I both, I think had a, had a bitter taste with a company like Meta over all these years because they did whatever they had to do to get people onto the platform and addicted, and then they start selling your data and then the algorithms are set up.
So you’re cons. Constantly checking the Instagram, turning us into right addicted hamsters more or less, right? That whole slot machine in your pocket thing, I could see it in my students, right? They’re all addicted to the phones. I mean, most adults are addicted to their phones. It’s not just the younger generation thing, right?
That’s on that high plane of like, this is not good for humans in general. But then the thing I want to, uh, float your way, which I think is more nuanced than complicated. I’m seeing in the us I imagine you are too. In the uk the gamification of kind of everything. I’m seeing it first up in sports, right?
The way you can now bet on sports in every last way and it’s becoming legalized and there’s parlay apps and like there’s nothing you can’t bet on. Uh, but that’s kind of always been, you know, sports betting has always been a thing. Now it’s just easier to gain access. But all of a sudden, to me, this gets even more complicated with the advent of an app like Poly Market.
Uh, and there’ve been apps kind of like it, right? But now it’s really starting to gain momentum and it’s starting to go live. And on our patons, I just, uh, I signed up for it, you know, I’m on a wait list and, uh, blah, blah, blah. But it’s becoming official. That stuff though, has an actual function. Um, like, because for example, for example, to tell you what I mean, in politics, you take polls and polls are legitimate way to figure out what people want, what they don’t want, who to get elected, who doesn’t have a chance, right?
It, it serves a function. And we know at from at least we think, we know that from these gamified stat collection things, that as soon as money enters the picture, uh, the stats become more reliable. That’s kind of the basic thesis, right? So something like poly market will actually tell you the truth more quickly and directly. Do you think, this is, I guess the, the gray area, do you think there’s this gray line between gambling on, on the one hand, the way you’re talking about this covered stuff versus something like poly market? Or are they all categorically problematic?
I think there’s a pretty clear distinction in my mind between like ga explicit gambling, um, which can, you know, I’m a gambler. I play, you and I both play poker, and if I’ve had a few beers, you know, I, I like rolling the dice when I’m in the us You can’t play craps in the uk, but it’s kind of fun and I know my limits and I know when I walk into the casino, you know, I’m walking into this environment that is designed to exploit me and I, you know, I wanna be entertained inverted comm for my investment of, you know, running the risk.
And so I kind of know what I’m getting into. Um, I don’t think this credit card thing is in that space that, sure, there will be some users who. We will treat it like entertainment, which is what the, how the business model is in intended. Um, but because it’s credit card debt, there’s just too many people who have credit card debt and they’re probably, you know, they’ve exhausted all their other sources of credit and now you’re giving them like one more tap they can turn on just to have like a, a final, you know, shot at getting even, are you getting out from under this debt burden?
And it ain’t gonna happen, right? It’s just like it’s gonna bury them even deeper.
Right, so, so it feels like the distinction is if you’re using something like poly market. You’re, you’re sure you’re gambling now on everything, on, on who wins the senatorial race or, uh, what’s gonna happen with the latest fed cut rate or any sports team. But in some sense, your position from which you’re betting is more neutral, whereas this, this particular thing is set up structurally to be most appealing to those who could least afford it. And that’s why I don’t think I’m, I’m too ashamed or I’m not equivocating and calling it a kind of evil, taking advantage of those that actually need help so that you profit
Yeah. Or it’s just, it’s, yeah. Agree, agree. Like, you know, betting on differences in opinion is one thing, and I, I can see how you people could have a problem with that. I personally don’t have a problem with that, but this credit card thing, uh, just seems pure predatory, uh, business model to me, like morally bankrupt.
Yeah. Um, thanks for bringing this to our attention. I, I think the only investment related thing I could add here is I’ve been fo, you know, I’ve been using Robinhood as my main platform now for several years. I think they’ve completely pivoted to a whole different kind of entity from before, but it’s also obvious to me that they’re now going heavy into exactly in, into more of this predictions market stuff.
So they’re starting to evolve into more conglomerate, you know, there’s the brokerage, there’s the credit cards, and now the prediction markets. And it’s actually quite, you know, if I’m, if I’m looking to invest in some sort of FinTech. Like modern version of the JP Morgans and the Wells Fargos of the world.
I’m not sure why I would buy a classic bank when I could see these guys starting to get their hands into so many of these. I don’t know if they’re not derivative products exactly, but they, it’s this ecosystem where gambling is kind of, I hate to say it, right, it’s like the gambling instinct is kind of embedded in it, but how you use it depends on your own discipline and your own capacity to make wise decisions.
I mean, I’m not sure it’s, it’s a great product and it comes with a lot of risk. Uh, so anyway, buyer beware. But, um, I guess that’s a kind of indirect, uh, bullish case for Robinhood, ticker, HOOD. Just know what you’re doing when you get involved with that kind of thing. It is very slick and it is very, you know, they make it as easy as possible for you to engage with it as much as possible, which is the gambler’s dilemma.
Yeah. And even they got slammed for being too game gamification e in their early days. You know, we had like, I don’t if you used it, but I saw like the news reports of, you know, when you place a trade or an like, like an options bet, you’d see, you know, some like streamers go off and like some cool little sound effects.
It’s like, woo-hoo. Like, you’ve just done something. So, and they got in trouble for that. Anyway. Dig me out of my phone. Christophe, let’s talk about something different and kind of cheer me up. Um, although I’m not sure this next topic is gonna cheer me up, but.
So, um, I, uh, made a big trade recently. Uh, how long ago? Last week, right? It was last week where I got very, very, uh, excited about PayPal maybe a couple months ago. And I did immense amount of work and I’m, I was very confident in that thesis and so I bought shares and I bought some calls and then I ended up selling them at a decent loss to monkey’s portfolio. So that’s the setup. But I’ve realized I want to talk this process through, because what I heard, uh, what everything I heard on the last earnings call, by the way, Badger was incredibly positive. So the fact that it was down after the earnings call, I didn’t care one bit, right? It was just, you know, that inefficiency that you get to exploit sometimes.
And because my call option was, I thought dated far enough, I was like, it’s gonna be fine. But what happened recently is that at, not one, but two investor conferences, basically the top suite, both the CEO and the, call it the vice CEO, I don’t know if she was CFO or COO, one of those top brass people went on a record, I thought, think very, very honestly, and said they are seeing some serious slowdown in consumer spending on the lower and middle tiers of their platform. So obviously they’re talking about the economy in general, right? And some of it is, I’m sure companies specific, but when PayPal, with all its massive numbers of accounts, I think 450 million accounts, that’s a lot, right? And so on one hand, good for them for being honest, but two that completely, um, in a sense. It doesn’t wreck, but it seriously throws a monkey wrench into my thesis that the turnaround is now just around the corner based on Q3 report. The stock, it’s well known in the investing community, has been on a massive downward tr trajectory and kind of stabilize that very undervalued prices. And so this turnaround would need, you know, legit fuel under in, in its belly.
And when the, the top brass is telling you something quite opposite of that. My conclusion, I think legitimately is that turnaround will happen, but it ain’t gonna be next quarter, and it’s probably not gonna be the quarter after that, and it might not even be the quarter after that. Right. So now we’re all of a sudden we’re sort of like nine months out.
Right. Which to my mind, given the fundamental understanding that I’ve built up in this company. The moment I do see what I’m going to, you know, be looking for, then I get to go get back in. But why keep my bananas in this investment simply because I had already bought it. That’s kind of thought number one, right?
It’s the, it’s sort of the sunk cost fallacy
I’ve got a, I’ve got a rise, smile. ’cause like if you wind back about 10 episodes when you pitched PayPal, I got my claws into it and we had a bit of a debate and like I, I seem to recall the foundation of my pushback was. Um, but if, if we go into like a difficult economy, you know, like a near recession, like the kind of transactions on PayPal are the ones that are gonna get smashed much more than like a Visa or a MasterCard or like a regular bank transaction.
So you should listen to me buddy. Didn’t listen to like an earnings call for that.
Yeah. Well, but hold on, hold on. I’m gonna push back a little bit. You’re right. You’re obviously right because what you were warning about, right? The c the, the people, you know, they were like, yes, this is true. But at that moment, that was a conditional ’cause you don’t know, and nobody knows, right? I mean, it could have sort of swung the other way and we could have been like, oh yeah, uh, resilience is coming back, customer spending is coming back.
I think the, the, the, I. The larger point I’m making here, uh, it’s a little different than who’s right about PayPal, right? That it’s a different, different, um, point I’m making. I wanted to acknowledge what I think to my credit, that despite being very convinced about my position, just a month ago, new data came to light and I’m not waiting to act because I’m not, um, I’m not stuck in the sunk cost fallacy.
That’s the first
half. And I think, correct me if I’m wrong badge, I think many investors have a very hard time doing what I just did.
Yeah, it’s like you have to admit that you were wrong in some aspect, and some people find that hard to swallow.
Right? That’s 0.1. And then part two is, oh, but I already lost this much. And I’m gonna wait for it to get back even is the other mindset you see quite often, right? I took no pride in, you know, selling my calls, whatever they were. June calls at whatever, you know, I lost like 300 or 400 bananas on that trade because it was an aggressive trade to begin with.
And you know, when I post on the Patreon account, you know, monkey had to, is closing his calls and it’s at a 40% loss. You know, that don’t make me feel good, but it’s still the correct decision, right from my new perspective. So that’s what I do. But here’s the second half to this, which is, takes us in a very different direction, two different directions.
Sorry for talking your ear off. Uh, jump in, you know, anytime. The other piece of it is I had a much better place for my money
just on that, that is the key, like. That helps. If you know as an investor, if you are struggling with something in your portfolio, you feel stuck with it and you’re like, you’re waiting to get even, well take the emotions out of it. Try and get rid of that. Like anchoring on, you know, I paid a hundred bucks and now it’s only worth 50 bucks.
The market don’t care what you paid. It’s worth $50 today. If you think it’s gonna be like two years to get, even if you don’t have a better place for your money, then maybe it makes sense to keep it invested. But if at that point you have like better ideas and better ideas might just be like putting it in cash or putting it in treasury bills, right?
If you think the thing’s gonna go down even more, if you’ve got a better place to put the money, then you know, make that transaction. And even though you may, after two years, you look back and go, oh, I should have held onto PayPal ’cause I got my money back. Well, you actually need to look at what you did in the round and go, well, where did I put that money?
I released, you know, the losses, but I got some money back out. Where did I put that and how did that grow? Like that’s the true comparison.
Right, exactly. Um, I’m afraid this is, I mean, I think right now, if I step back and look at our two investing styles, I would legitimately say you are practicing long-term investing through and through in part because of where you are in your, your life and you know, how you, you, um, the fact that you live off of your portfolio and doing the sort of.
Anything outside of long-term investing just doesn’t match your profile. Whereas I think I’m now, uh, I self-assess as kind of long invest, long-term investor in theory, but in practice, I’m a little closer to the swish. Like I’m, I’m willing to sell earlier than I thought in order to take advantage of something.
So call a medium-ish, long-term ish, um, profile Anyway, point being that, um, outside of PayPal, being able to buy back a bunch more shares cheaper, which is potentially the one catalyst that Wall Street will be watching very, very closely. It became very, very clear that after I had done a stupid amount of due diligence on this new company, UiPath, uh, stock ticker, P-A-T-H-I absolutely.
Was like jaw dropped at it. It, the opportunities I see in that company that when I had that moment of insight I was like, why would I, you know, if I, it, it’s the mind, it’s the, what’s it called? Mental model of, if in this moment I had to buy one of these two companies, which would I buy? There was zero.
It was like zero question that I would not buy more PayPal, I would buy Path. Then you just, I just took that extra step and say, well, but I already have PayPal and I don’t have path. So that needs to be, that’s the wrong way around. Ergo, I sold PayPal and I bought Path and lo and behold, I mean, I wouldn’t say I got lucky, but the, the earnings results for Path were absolutely, you know.
Terrific. It shot up 30%. My call on that is now up 110% in a week’s time, you know, so it was like, it was very, very well executed on my end. Um, but it’s the principle that I want to, to address and there’s a follow up to that. So, um, I’ll pause. You got any, any other feedback on that kind of switcheroo?
It is good like you. ’cause the other aspect of um, sunk cost fallacy is like your time. ’cause when you do a crap ton of research on something. You don’t wanna make a decision not to buy it. ’cause then essentially all that work was kind of for nothing. You know, you avoided something as opposed to making something.
So, uh, so you did a bunch of work on PayPal, but now you’ve had to set that aside and, you know, maybe you’ll come back to that one day in the future when something turns around, you’ve, you know, you’ve got the foundational knowledge. But that’s the other, the other win I think.
Right? Absolutely. Absolutely. Oh my God, that’s, that’s so as important, I think is what I was talking about before. Anytime you invest in, in knowledge, I guess we would call, right? That is not waste of time. One, there’s, now I, you know, I caught myself up. I think about a lot of fintechy stuff. You, you, you are a resident FinTech expert.
I don’t think I’m anywhere near your, your overall, um, base of understanding, but. Having understood PayPal quite well, I think I’m more conversant now, and that knowledge will absolutely come in handy as soon as you know, the next whatever PayPal Investment Day is, or earnings call, now I’m hearing what they have to say, brand new ears and I’m going to be primed and eagle eye and ready to pounce as soon as, you know, the thing I’m looking for shows up.
So now it’s just a question of being patient and keeping it, you know, on the radar, like top of the top of the watch chart.
Cool. Alright. Alright. You want, tell, tell us, tell us about, tell us about UiPath then, because like, I know about this company from years ago and it seemed like a pretty horrible business model. But why, what’s like, what is it now? Maybe it’s totally different to what it used to be.
well, badge, uh, I think I wanna do a really deep dive on path. Uh, I wanna save that for a future episode, if you don’t mind. But to your point, what’s interesting is when I start going down a. UiPath, uh, the research hole, you know, where I started? Uh, I reread Steve’s seven investment pitches from, uh, what was it, 20, 21, 22, uh, including some of your, your questions.
You know, it was like the, the, you know, it was revisiting some old times, right? And it’s fascinating because, uh, he was wrong. Steve was wrong in terms of the timing, and it was the bubble, the AI bubble and the robotic process automation segment, the RPA stuff was, that’s what Youi path used to be. But now it’s making this massive pivot into what I call like an emergent new paradigm, which I’ll talk about at a future, future episode, because there’s a lot to say about this company.
I think for our listeners, it’s enough to suggest. Go out and start researching Path on your own now and then I’ll help you along with what I discovered in the future episode. That is a segue, though badge for me to drop a little alpha on Monkey’s New Workflow. And I’m curious to see how it compares to yours. I probably should have talked about this sooner, but right now I’m so comfortable with it and there was a mass, something happened that made it a lot easier for me. What I’m talking about is I now use, um, what’s it called? Uh, um, I said Google Lab Notebook, but it’s not, what’s it
called?
only ’cause we briefly talked about it pre-show. It’s, uh, notebook. Lm is it
all
That’s right, that’s right. I don’t even know what the thing’s called Notebook. Lm. It’s a Google tool or it’s based on the Google platform. And when you first pointed out to me, what was it? Over a year ago now.
Sure.
Yeah, I mean, you were one of the, I think I heard it, heard about it from you. I’m pretty sure I heard it about it from you. Uh, there was a bug in my system where, actually, let me take a step back. All it is really is it’s kind of your own mini LLM where you get to decide what sources you upload to it. And once you do that, it does the LLM magic where it basically synthesizes whatever you fed it. So you control the narrative basically.
Now, the bug I ran into in the, in the last months is often when I would upload a source, it would reject it for some silly reason, PDFs or JPEGs, or I would like drag the thing and I would get a warning and, you know, and then I just got frustrated and put it away. I’m like, this thing’s not ready. Well, lo and behold, maybe two months ago that bug went away. Maybe it was user error. My who knows. But bug’s gone away and now I uploaded, I can upload sources with ease and I don’t get any of the, the monkey wrenches. So here’s the, here’s the alpha badge. I’ve now trained myself, and this is about habit making that anytime I’m in stock research mode, anytime I find something that I feel is credible, I don’t just read it and forget about it. I copy paste it or I download it and I immediately shuffle it off into the, the notebook on, on Google. And it allows you basically to create new notebooks. So brand new ticker. So my workflow now is I’m researching something, let’s call it UiPath, right? I create a, a lab notebook. I title it path. There it is.
Now I’m researching stuff, right? Company presentations, and. People on X and some, um, YouTube videos that, that I found, analyze it in the sense of is this legit or is this garbage? If it’s legit, I copy it, I pasted it, I pasted it into the lab notebook and before I know it, and I continue this process like over and over again.
So by the time I got the path, I had something like 35 sources. ’cause it keeps adding, right? Like unlike your memory, which, or no, you know, sticky notes or writing things on paper, or even using Google, knock Google Docs, it kind of gets overwhelming and it’s like too much information and then you forgot, you forget this thing, you forget that thing with this, with this tool all of a sudden.
Right? Um, I had my job was basically finding the good stuff, the human element. And then trusting that the LLM would do the work that LLMs are now good for. And then once I clicked the, basically the ability to synthesize and it does it in really cool magical ways, which is for another episode, what came out on the other end to me was, uh, I don’t know, I don’t wanna overstate it, but I, it feels like magic.
It feels like stunning. Like what came out on the other end was I thought legitimately incredible synthesis of all these documents and YouTube channels and tweets and so on and so forth. So, TLDR badge, from my perspective, if you are an investor today, you are doing yourself a disservice if you are legitimately not leveraging your, your work in this particular way. And I wanna say last thing, that in our own Patreon community, right, we have people bringing forth a bunch of good ideas, right? This ticker, that ticker, if you are listening to this and you are not, uh, yet organizing your research in this way that I’m suggesting you begin experimenting with, you are than you need to be, basically. Right? You are, you are, you’re not taking advantage of this new revolutionary thing. And I’m, I’m, I’m, I’m gonna say it very clear, very point blank because I felt it in myself. It’s, it’s, sorry, I, I realize this is a little bit of a soap soapbox, uh, rant. I’m going off on, there’s still this, I think quasi feeling of shame. Like, like, um, if I’m, if I’m like. Uh, collecting all these resources, but then I’m, I’m letting the LLM do this work for me. You know, is that ethical or is like, am I cheating somehow?
Right. You know, or is this like, you know, like, ’cause it’s the LLM that’s spitting out the kind of like, condensed version of all of those sources. And I think that’s just, and I’ll turn it over to you. I think that’s just the remnant of the old paradigm and now I’m noticing the discomfort of what it means to evolve into the new thing.
So I’ll shut up there and, and ask for your
feedback.
yeah, like I think we’re going through this transition where it might feel like you’re cheating to use come of these tools, but it’s like, you know, in the days of Abacuses and however people used to do math with the, like, you know, tables to work out modification and stuff, when calculators came along, people probably felt like the cheating to use the calculator, not the abacus.
But you know, calculators became, spreadsheets, became other tools, right? And they just accelerate our ability to get work done efficiently and do more work. And so these LLMs agree are an incredible learning tool. Have you of interest, have you tried generating like a podcast discussion from any of your notebook, LM contexts?
Yeah, exactly. So that’s, I did, I alluded that, uh, one of the, there’s three things or four things that they, you know, the, the lab notebook can do. They could generate a conversation that sounds like a podcast. It generates slide decks. And I uploaded one of these slide decks when one of our patons talked about T one Energy.
Because I had also been researching it on the, you know, on the side. And I didn’t wanna say anything yet, but it made this amazing slide deck. So I’m like, here, this is what AI helped me make. It also makes mind maps and it makes slide decks. I mean, it’s kind of mind blowing, right? And that’s why, um, so yes, I, I did that. I
think this
so, okay, good. Like, good you’re using these tools. Like, let me give you like, ’cause you asked am I, what am I using? I haven’t started using it yet, but I’ve literally just used it for the first time. So literally I’ll show notes live. I’ve just dropped two pretty pictures. like what you can do with these tools. Now this is Gemini three with like Gemini nano banana. Like this is kind of dumb. I know nothing about UiPath. I literally just said to nano banana like, give me like a, a fun diagram that just helps me understand what UiPath does.
And I got this pretty picture of like a, a chef trying to make a cake and deliver it to like the, the lady in the restaurant and like the steps that the robot goes through. And sure that’s, you know, it seems a bit kind of kitchen cartoony. But then I also asked it to create like a whiteboard professor level detail and you know, that version has much more detail. Like, and this isn’t gonna teach me about UI paths, but if I’m just coming at a topic totally cold and I want to understand something. Like some of these pretty pictures, they just engage the brain in a different way than just reading words.
And you know, you are a great fan of drawing like mind maps. I’ve seen some of your incredibly complicated mind maps as you go. You know, you read a book or you’re trying to assimilate information and you know, you can get these tools to create like this very beautiful mind map for you now. And it makes sense.
I mean, you know, you know UiPath, we’re looking at this professor graphic, like, does this tell the story of kind of how UiPath works?
Yeah, I mean, as an initial, yeah, as an initial step. Absolutely. Though, here’s the caveat, looking at the more professional one, there’s a lot of jargon in there, right? And there’s a lot of ways that, um, I think it still might make you think you understand without really understanding it. So here’s the caveat.
Here’s the caveat. Let me TLDR this maybe for, this’ll make a good YouTube short. Here’s, I think the workflow I’m encouraging our investors to undergo. You find the sources you wanna understand, so you’re researching UiPath. There’s a YouTube interview with the CEO. You actually need to listen to that. You need to take the time and put in the, call it hour and a half to listen to what the guy says.
So you could generally understand the message, but instead of then leaving it at that, I’m gonna take that link, I’m gonna copy it and I’m gonna paste it into the lab notebook. Then I’m gonna repeat this process, call it times 10. I’m gonna do that work 10 more times. So now I’ve actually like reading the book, like analog.
I’m, I’m downloading things on my own. I’m thinking I’m processing, I’m learning. But at the same time, I’m trust. I’m collecting that information and the way that thing’s gonna synthesize it for me is gonna help me gain all these new insights. That I could not have had before, but I’ve done the work on, on my own first.
So it’s like a simul. So it’s like a synchronous, like it’s a do the work, collect it, and then have the magic AI synthesize it, and then it’s gonna spit out these fancy slide decks and pictures. And when you look at them, you’ll be like, oh yeah, shit. Oops. I mean, oh yeah, poop that is correct, or no, that’s off.
And that’s going to get you to deep, deep understanding so much faster than ever before. And I think we, as individual investors, this is what it feels like to me. Badge. We’re in this golden era of investing where what would’ve taken, you know, professional level analysts working for some, you know, a private equity firm, we could now do this ourselves so much faster than ever before.
We have no excuses left. For underperforming the market, especially when then magic, when we, when we make one of these things and we share it with our own investment community, right? We’re, we’re exponentially quickening the pace of how quickly we could find the next great investment. So I couldn’t be more excited about this, and I hope this was useful.
Uh, sorry for the rain,
no, it’s good. Yeah. Um, like my TLDR is. Like, don’t be ashamed or embarrassed to use the tools that are available to you. You, if you are using ai, you still have to sort of distrust it to some extent, um, and look for like multiple sources and do your own research. But these tools will help you do that research so much faster.
right? Yeah. Yeah. And, you know, uh, maybe, maybe one more editorial, uh, you know, coming from the academia, you don’t wanna plagiarize. Plagiarism is, I think, a cardinal sin because you’re passing off work. That’s not your own as though it were. And now when I go on next, I see all these brilliant takes, you know, brilliant analyses of companies that just, you know, was something during our seven investment days, you know, when we would make a pitch that would take us, you know, weeks of work.
Now people are doing, you know, it’s all over the place. And obviously most people are not given credit. They’re just saying, you know, look, here’s, here’s this brilliant analysis of this company that I just did over the weekend. Bs you know, they obviously, obviously used AI to do it. I, I, I dunno, for in etiquette terms for now, I still like saying, monkey use the ai, use the help of AI to make this slide deck and then I upload the slide deck.
To me that feels like, sort of like, you know, the, like, I don’t know if that’s needed or will be needed in the future, but I don’t.
probably won’t, like we, as you say, like we assume that if you’re smart and you are using the tools available to you, everyone’s using, everybody’s using like these AI tools today, such as kind of a standing assumption. But, you know, don’t, don’t like, don’t let the tools make your decisions for you and don’t find yourself like parroting what the LLM said.
You might use them to distill your opinion or maybe, you know, like if you have a bull case, get the AI to give you the bear case and then, you know, try and pick it apart. Like, it’s gonna be like a, it’s gonna be like a super powered mentor and researcher and consultant. It’s gonna help you get to your thinking, but you have to have your own thinking.
Like if you, if you’re outsourcing your thinking to the tools, like you’re gonna be in big trouble.
Exactly. And I guess, uh, we could end this segment with a kind of challenge to our new. Uh, Patreons or our Patreon community in their new Wall Street Wildlife portfolio, we now have a slide deck where we’re asking you to update, you know, upload your own pitches. So what monkey’s saying to you is there’s a way to make your pitches even stronger, and it takes following these steps that I’m suggesting.
But don’t be afraid to, you know, get out of the mental habit. That at best you could write a couple of sentences At this point, I don’t think it’s out of anyone’s league to put in some, a couple hours of, of research into a stock ticker that you’re interested in. But then what comes out on the other end if you follow this process, will be just so much more sophisticated than you thought possible.
And then, you know, you could upload that with whatever caveats you wanna offer us that, you know, so. I can’t wait to see your pitches based based off of this rain. Okay. That was too much yapping. Too much screeching and howling badge. Can you update us, uh, on some new, new, uh, rocketry that’s happening over at SpaceX?
What are those, what’s what’s happening with, with the latest hub Hubba?
Well, like maybe, maybe it’s like a nothing burger. Like the, so there has been some unsubstantiated news in the last week that. SpaceX are talking about an IPO in the back half of next year, like towards the end of 2026. And actually shout out to our Patreon, Andrea, who you had cocktails with a month ago, and who I’m having lunch with next week.
Um, because, uh, she drew this to our attention. Apparently Andrea and I are both SpaceX shareholders, so she’s got her eye on this one. Um, I don’t think it’s gonna happen personally. Like let’s just, let’s just, it might be interesting just to wax lyrical a little bit about why a company IPOs or where a company goes public.
Um, mostly there’s a bunch of reasons, but mostly it’s about raising money. Um, and going, going public like has a lot of costs and complications and like headache around it. You suddenly have to have like a different level of financial reporting. You, um, you open yourself to the kind of problems that Tesla had.
A decade ago where Musk basically went to war against like the Tesla shorts and even had like, you know, short shorts, like a, like a little skimpy pair of shorts for ladies to take the, like the p out of the shorts. Um, and you, it’s, it’s, you know, you can, when a stock is public market, like shenanigans can happen when a stock is private, it’s a bit more controlled.
You have much more control over, like the cap table, the ownership, not complete control, but more control as a private company. So like, there’s a lot of downsides to SpaceX, IPOing. Um, and the main upside would be around fundraising. And that just doesn’t seem relevant to me for them because like investors are throwing money at SpaceX probably more than any other company.
And it, like, they’re, I don’t even know that they’re issuing new securities in this rumor, like this most recent announce. But they’re about, there’s be like gonna be a secondary sale of stock at a $800 billion valuation, which makes me happy. ’cause I bought stock at a $225 billion valuation. So on paper I’m like a two and a half XI guess now if that happens.
Um, so yeah, I dunno, I just, it doesn’t seem that credible to me. I dunno why they would.
Yeah. And you know, what’s interesting is that Musk himself denied it though at this point. At this point, I really, it’s so weird. I really don’t trust anything Musk says, uh, because it could all, it could be very, very true and he’s seeing further ahead than anybody else, or he could be legitimately.
Manipulating things for whatever business, you know, uh, and minded reasons he needs to manipulate things for. But he did categorically deny these, uh, these reports. So, eh,
Would it be, it’d be nice, right? Because like, let’s say a bunch of investors in our Patreon community that I’m sure would love to be SpaceX shareholders. It’s kind of hard to do that. You know, you can buy it today by buying certain ETFs, but then you get SpaceX along with a whole bunch of other stuff you may or may not want to own.
So, um, so there are like, there’s benefits to investors. But is there a benefit to the company itself? Probably limited. Maybe if there’s any benefit, I dunno, maybe it would maybe help them in negotiations with like the US government, because as a public company, um, you know, the, the, the US might have a bit more confidence around their ability to influence their direction.
Um, and you know, I know that, uh, for good, for very sensible reasons, like the US are trying to find other launch partners like Blue Origin, like Rocket Lab, um, because they don’t wanna be dependent on just one company that’s kind of a, you know, you’re creating a monopoly where you are the sort of victim of that monopoly.
That’s not great.
Yeah, I think it would be good in general for those reasons, uh, especially when you get government defense in mind and, and, um, I, I would be for it, but somewhere with adjacent, we mentioned at the top of the hour that I have a little bit of a STA little bit of an a ST update. And this is this regards SpaceX in a, in, in a way.
Uh, the way I see a badge at this moment is that these two will be, it’s gonna be a duopoly in terms of, uh, space-based communication, but it’s become, I think, more concrete than ever
So just for clarity, we’re saying that what we’re there, what you’re oping There is a STS Space, mobile and starlink, which is owned by SpaceX.
Correct. Uh, it’s becoming more and more concretely clear based on some digging that did this weekend that Musk very much is intending to create his own, uh, communication network. I, I mean, it’s just part of his DNA, I mean, he’s a disruptor through and through. He has the capital, he has the world’s leading rocket ship company.
And so how does
and they just bought $17 billion worth of spectrum. Right. So you don’t, you don’t buy that
unless you
No, there’s no doubt. Yeah, there’s no doubt. But you know what was somewhat implied even a couple months ago now to me is, is clear as day that a company like T-Mobile, which is uh, which partnered with starlink. Is, I don’t know how else to say it. They, they, I don’t know. I would love to be a fly on wall in their boardroom meetings right now because it, it could not be more clear that Musk does not have their best interest in mind.
And so where or how or how soon will T-Mobile have to jump, jump, ship and join a ST? Is, is now, I think a question of, of when, not if, which means that I think this case that I’m making between this is gonna be a duopoly between, you know, Musk and, and SpaceX and a ST and on an absolutely ginormous market, I think bodes fairly well for both competitors.
Uh, my money is obviously on a ST because fundamentally I think they have the technological advantage, which will last them for many years. And then, then it becomes a sci-fi story, you know, execution and risk and so forth. By the way, the first launch is happening, uh, I believe is scheduled in one week from today, December 15th from India. So that’s gonna be exciting for a ST shareholders. But regardless, uh, this is a fun race. Why, you know, that we’re seeing play out, but the, the, the in the moment dominoes in terms of on the ground operations are starting to really, really stack up in ASTs favor. Uh, and it’s just a fascinating, fascinating soap opera to watch.
So,
Yeah,
I, I, yeah, I’m a, I’m a shareholder of both, you know, and I know I defend starlink heavily when we have these conversations, but like that, that will be quite important moment for a STS, I think they’re now putting up for the first time, like a bit, the bigger version of one of their satellites. So like, if they can successfully put that into orbit, unfold it and get it like operating.
And they’ve actually de-risked the, like the technology, the sci-fi bit very substantially. But you know, don’t go betting the house on this. ’cause there’s a whole bunch of stuff they need to get right for that to be successful.
Yeah, I think that’s a very sober, sober take. I’ve, uh, monkey has resisted adding to his a ST position repeatedly for that very fact that, you know, there’s still going to be massive gains to be made, but you want at least a couple more of these satellites actually floating out there in orbit. And then, you know, then. Monkey mighty, even do something like once they’re in orbit, buy some, some long dated calls to try to leverage that, uh, upcoming launch cadence once we have more proof that the big guys can float. But until then, it’s, it’s still a risky proposition. So,
alright. Christoph, now you know it, we are recording on the 8th of December and it ain’t long until it’s Christmas. Um, oh, and by the way, actually, I do wanna say this. Check out last week’s episode, it episode 1 0 9. I think we’re gonna make this like a regular fixture every year now.
So we just recorded an episode with our latest thoughts on how to get started investing for your kids. And so, you know, I know you, if you’re listening to this, you guys probably know this stuff, you know how to open a, like a brokerage account and you know how to buy like passive index trackers and do stock picking.
But take that episode 1 0 9, we’ve given you some links on our Patreon. You can just go like, just go pull it off YouTube or Spotify or Apple Podcasts. Like send it to a friend or a family member who has young kids and then try and help them on that journey to get started and let you be their investing buddy.
And you know, we, we use our material to help you do that. Um, because you know, it’s just such an incredibly important thing. And the big me and last, the big message last week’s episode was like. You know, try and avoid spending so much money on landfill toys. You know, maybe balance it by, as Christoph said last week by like a Nintendo game, and buy them a share in Nintendo.
Get their investing journey started. But anyway,
That is such a brilliant idea. Badge though, when you hear it said back to me, I’m like, man, monkey’s a genius. Like, am I really that, that effing smart? Hey, you know what? I gotta say, uh, I try not to proselytize about our YouTube channel and our Patreon, you know? ’cause it’s kind of, I mean, I mean, you are a Brit, you’re, you’re naturally humble and you know, you, you don’t, uh, for the most part, you know, you don’t self aggrandize.
But I think this is one of these exceptions where. Where I was. Okay. Copying our YouTube channel link and our Patreon link and I actually sent it to a bunch of my friends, you know, literally just kind of cold sent it. Said, listen to this. Because even if one or two of them listen to it and actually act on it, lives will be changed.
So you might as well, right. You might as well try to be a good human or a good jungle cat or dolphin or cap bar or whatever creature you are. And take the shot. Right. Just copy the link, send it to your friends list and it’ll be the best gift, you know, best service you, you’ve done for a bunch of young people.
Uh, you, you could. So don’t be shy.
And do you, I mean, I’m, do you mind if I, I won’t, I won’t quote it directly, but do you mind if I mention the WhatsApp you forwarded to me just before we started recording?
Yeah, please, please. ’cause I got that this morning. Yeah.
Yeah, so like anonymous WhatsApp from someone in Christophe’s, like close circle. Um, like he starts off with, golly, I am so proud of you.
Um, uh, like this person says they’ve gone from living paycheck to paycheck, and now they’re still kind of doing that. They’re early in their journey, but they have a growing stock portfolio. Now clearly they have a different outlook on money and they see like a route out of, you know, literally just paying the bills and getting by.
Um, this is what episode 1 0 9 can do for you or for your friends.
Right. And you know what’s implied there? Badge, just to spell it out, is living paycheck to paycheck is actually a reality. That way more people are under, even though it’s, uh. I, I imagine most people try to hide that fact. But when you have something like what we’re talking about and you actually take that first step, what you get is a little bit of hope because it might not be tomorrow, it might not be next month, it might not even be a year until you could get out from the paycheck to paycheck model. But with hope, knowing there is a way out, you could walk those days in between with head high and heart, you know, and heart with more confidence, and that will eventually get you out. And so we could not be more sincere in asking all of you legitimately, copy our YouTube channel or copy those, the Spotify link and send it to whatever a hundred of your people
Yeah, just that one episode. Just tell them that one episode. Tell em to listen to this and like, if it makes sense, you know, ask ’em to talk to you and you’ll help ’em on that journey. Like you could be making a big difference to somebody. yeah, so that was the, that was the like last week thing, but we’re looking ahead and so the, you know, what else do you do at Christmas apart from buying gifts?
You get drunk and you have a party or most
Uh,
what we do. Yeah.
that’s, that’s right. Badge. Uh, I see many, many more banana pants cocktails, uh, in monkey’s future. And so we were chatting before the show what would make for a reasonable potential date, which to do our next live stream holiday special Bonanza episode. And we’ve isolated December, Friday, December 19th, as probably the best bet because it’s a weekend ish.
It’s the beginning of a weekend. Now we just have to coordinate what time slot would work best since we have fans all over the world, the UK and the us and there’s, you know, conflicting schedules and all that. But, uh, I think we’re gonna what, put a poll, put, put a poll on our Patreon site, uh, what would work best for most people, and we’re what aiming for maybe somewhere around like 3:00 PM ish, Austin, which is Central Time, which would make it nine ish UK time as the initial,
Yeah, well let’s, like, let’s, let’s, um, let’s frame this like what this thing is. ’cause you may not have caught our, like, chaotic Christmas party episode this time last year. so we do predictions every year and we, we both made some pretty wild predictions for 2025. So I dunno if we’ll do it exactly the same way.
We, we might try and introduce some more fun and games as well. But we basically went shot for shot and we on a live stream with our Patreons. Um, we reviewed our performance in the predictions episode and whoever was furthest from the pin had to take a shot. Uh. The monkey took quite a few shots, but I think I, I don’t recall.
Was it a dead heat or did you just win? I think you may have brought it back at the end and just won. Um, I haven’t looked ahead. I glanced at it. I saw at least one prediction where I kicked your ass, but I haven’t looked at all of them, so I think there might be a lot of shot drinking for both of us.
indeed. And, and some of our Patreons, maybe we could play a new game called Pin the Tail on the, on the badger.
So anyway, fun and games directionally Friday the 19th of December. If you’re a Patreon of the, of the show, including our glorious sloths, we’re gonna send you a link so you can join us live and be part of the fun. Don’t even, you don’t have to show your face if you don’t want to. Just like be there in the chat.
But if you wanna come on stage and like raise a glass with us, that’ll be delightful also.
Right. I, I, this is saying the obvious too, but man investing is just so much more fun when you, when you have a group of friends that you’re doing it with, you know? I mean, it is about making money. Yeah, yeah, yeah. Right. But, but you know, having how they shots with people you’ve never met because they’ve.
Followed you on this journey, you know, and the trust has been built and it’s just so much better. It’s so much better doing it this way. So thank you all. Oh, hey, you know what, speaking of, I think it’s fair, it’s okay to to mention again that we’re planning our first ever Wall Street Wildlife in person get together.
And I think some of our Patreons asked, uh, whether we could, what the rough dates are, and correct me if I’m wrong, but we’re aiming at the moment to make it kind of late March, mid to late March-ish. Is that where we’re at with, with that
well better than that. We have a definite, we have a definite date ’cause I’ve booked my international flight, so, uh, so, uh, it’s gonna be like a surrounding Saturday the 28th of March. Christophe and I are gonna be in Vegas. We haven’t worked out the itinerary, you know, like we’ll be there at, at least a day before and day after.
But we’re gonna have some hijinks and shenanigans. There will definitely be a, uh, private poker tournament for anyone who joins. See if you can beat. Well, he’s certainly gonna be Christophe ’cause I’ve played him in his diabol. But you can beat me at the poker table. Let’s see.
Small sample size of two hours. Come on buddy. But you did. You did. Hey, hey. Uh, um, uh, this is why I need, need a badger in my life as a project manager here I am thinking we’re still shopping around for dates and you’re like, and you’re like, no, I have my plane ticket and it’s on this date. And get your, get your act together, monkey.
Oh my god.
Yeah, yeah. More de more details to come. But if you think you’re gonna be in the vicinity of like Nevada, somewhere within a couple of hours flight, like stick it in the diary Saturday, the 28th of March, 2026 and more details will follow.
Right. That’s so funny. If you happen to be wandering through the Nevada desert at the
Ooh.
end of March, you could possibly find this at a poker table in the city of sin,
Yeah. It’s. It was not far off. What’s that? Festival in the desert?
burning Man. But that’s in August. That’s like advanced. That’s for the later. That’s the, uh, advanced Wall Street Wildlife community for, for, for probably unicorn tier only. Uh, we’re, we’re not quite there yet.
Awesome. Are y’all ready to become Beasties of investors?
If you don’t shape up, listen to episode 1 0 9. ’cause your journey starts here.
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