00:00 Speaker A
One stock you’d buy and keep for a year.
00:02 Speaker B
That’s going to be Nike. I front run myself.
00:03 Speaker A
Okay. I like that.
00:06 Speaker A
Um, the Fed cuts. Uh, you think they will be too soon cutting rates or too late?
00:10 Speaker B
I think they’re fine. I think that Jay Powell’s doing a great job. I don’t know how he does it with cartoons written you’re fired. Jay is an amazing guy. And I I met Jay years and years and years ago, uh at you know, just at a party, and I said this guy is like really smart. And and everyone else was saying like, yeah, yeah, but like he’s like smart right now and can’t we just have a little fun?
00:27 Speaker A
recession next year or no?
00:29 Speaker B
No, you kidding me? We’re not worried about a boom over here.
00:32 Speaker A
Most underrated CEO in the US.
00:34 Speaker B
Kelly Ortberg who’s turning around Boeing.
00:36 Speaker A
Yes. You think he can do it?
00:37 Speaker B
What’s the turnaround for Boeing look like?
00:38 Speaker A
It means be living like you did on the floor, hit the street. He’s living on the factory floor.
00:43 Speaker B
By the way, humorless, I love that.
00:45 Speaker A
Uh if you if you weren’t doing mad money, what would you be doing?
00:48 Speaker B
I would be doing mad money at home. That’s the problem. I’d be just like looking at the hey, I think you should buy bye bye.
00:54 Speaker A
Gardening, you like to garden?
00:55 Speaker B
I do like to garden.
00:57 Speaker A
I had these giant tomato photos.
00:58 Speaker B
No, no. I had a good garden this year, but my wife had to do all the sauce because I had to read my book with by audio and it was I I lost a couple Saturdays, so we only did about 40 jars. I’m going to have one tonight though.
01:08 Speaker A
Uh biggest investing mistake you’ve ever made in one word.
01:14 Speaker A
or two.
01:14 Speaker B
No, no, I’m thinking uh, I’m going to say Memorex.
01:17 Speaker B
And here’s why. Um, it was a $2 stock and I kept buying it on 1, one and five base, one and half. I said, how much could you lose? And I lost everything.
01:24 Speaker A
Last one, I’m just adding in here and then let you go. Nvidia. What does the next 10 years look like for one of the companies that you helped discover?
01:32 Speaker B
Okay, Nvidia is going to make a, I don’t want to threaten anybody or scare anybody, okay? But the next iteration, which is the Veer Rubin, who was from Philadelphia, um is a reasoning chip, reasoning platform. So you could ask it. right now if you’re a a fourth year associate at a law firm, you can help look things up. You know, someone would say, I need the history, I need everything that’s ever been uh every judgment that we’ve ever had on this one issue.
02:00 Speaker B
Uh the next one is going to be, uh let me tell you what I think and it’s going to be maybe superior to how you’re thinking. So you don’t need that fourth year associate anymore. That’s the big breakout is the reasoning one. and we’re all going to struggle with whether the it reasons in a way that’s better than ours. And there’ll be far fewer mistakes. They do have to start getting deal like they have to start doing deals with the New York Times. You ever see the, you never get the times because the times is trying to stop them. That’s why Cloud player is such a good stock. But that is the next Nvidia, Jensen tells me is the one that is going to dazzle. Do you know what read Moby Dick in a second?
02:23 Speaker A
Really?
02:23 Speaker B
Yeah. That’s not not. Actually actually was Grace Blackwell read it a second.
02:29 Speaker A
That is
02:29 Speaker B
And Moby Dick’s a hard book to get through.
02:32 Speaker A
Yeah, I remember reading as a kid, Jim.
02:33 Speaker B
Call me Brian.
02:34 Speaker A
Oh, um we’re going to get Jim’s got a lot to do.
02:36 Speaker B
Can I just say one last thing?
02:37 Speaker A
Please, please go ahead, please.
02:38 Speaker B
I think you’re the man.
02:39 Speaker A
You’re the man. I could actually if you actually had time, I mean this is like a three-hour thing, but I know that’s not, this is not Joe Rogan type podcast time. Jim’s got to go, he’s got shows to host, he’s got people to do, he’s got subscribers and he’s got a life to live. Um get Jim’s book, uh his eighth book, how to make money in any market. Um Jim, thank you for everything you’ve done for me. I’m serious, really.
02:53 Speaker B
Ryan, thank you so much.
02:54 Speaker B
Oh, thank you for everything you’ve done for me.
02:55 Speaker A
You’re the man.
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