Cathie Wood says AI could lead to 50% GDP growth within a decade
SpaceX set to become world's second largest private company
Stock Market Trouble - Time to sell or buy the dip?
Does Tesla have a "key man risk" problem with Elon? / Buy the TSLA shares dip?
SpaceX set to become world's second largest private company
Stock Market Trouble - Time to sell or buy the dip?
Does Tesla have a "key man risk" problem with Elon? / Buy the TSLA shares dip?
Welcome back money talks where today we are live discussing issue if you should buy the dip or a boy packing the falling knives, and hopefully we give you a fresh start to your day to allow you to thrive. I'm your unofficial host amit always trying to be legit here with justino and tom nash, and today we discuss a myriad of topics, including the tesla stock crash. We've got a really fun show for you today and it's going to be live. We're going to be going over kathy wood, agreeing with meet kevin and also saying you pee by over 50 in the next decade.
Second spacex raising 1.7 billion dollars to now be the second most private, largest, privately valued company in the world at 127 billion dollars. Three. Should you be selling or buying this crazy dip we're? Having and fourth does, tesla have a risk with elon being the key figure for this company. Don't go anywhere, we'll be right back.
There's no intro, because, usually that's hilarious. We don't have any intro music reason. Why we're live is because grace is out sick uh. Everyone wish her well and she really is the the behind the scenes.
Person that makes this all possible makes the experience really good for both us and you all. So it's going to be unfiltered. We haven't even had as much time to prep. Given you know, tom has done a ton of work trying to trying to get the stream yard set up.
So i hope grace is back soon and uh yeah yeah one of the things. Let us know if the audio is okay, because we have no producers today, so you guys are responsible to. Let us know if you can hear us. Okay, if the video is okay, if a mid hair is as horrible as always.
Let us know in the comments below the chat is the uh the producer today, one of the cool things to shout out. There's 470 people in the chat before we get started. Uh you guys are seeing you guys are witnessing live the the trajectory of a show. Being produced and trying to become a really really big show and there's some days where you've got to adjust, the show must go on and uh.
We still have to push through so super excited to be live with everybody. Today, uh we're going to get into our first topic of the day, which is a very interesting topic, and it is. It revolves around kathy wood and meet kevin, so meet kevin, tweeted elon musk on why we have inflation. He was at the olin summit, where elon was talking.
The obvious reason for inflation. Is the government printed a zillion more dollars than it has velocity of money held constant? This is not like super complicated kathy wood quote tweeted. Her first tweet was important debate in the last two days. Walmart and target reported that nominal sales increased three to four percent.
On a year-over-year basis during the quarter ended in april translating to a three to four percent year-over-year declining unit sales, adjusted for inflation. Their inventories are exploding. We can go through a lot of the other tweets, but the core point kathy was making. Is that if inventories are increasing and consumer sentiment is decreasing, that means inflation will start to go away because there's more supply less demand as a result, prices go down, so the question is: let's start off with justin. Uh was kathy wood right from the past five months, about inventories being the key reason for why we have inflation um, i would say uh. No, because uh, we also have inflationary pressures that aren't just target inventories. We have uh a very high wage growth of like eight percent plus we have a war in ukraine. If you in case you forgot about that, has nothing to do with target uh.
We have oil prices through the roof uh, and you know like, in terms of does this moderate uh inflation. I think this is a good sign, because the whole point is in the face of inflation: do you have a wage spending price uh vicious cycle, and what we're seeing from the data is with target is that you have a wage spike, a price spike and a Spending moderation, i guess on basket size, so that's that is encouraging. So i agree with that and then in terms of did they build a bunch of inventory and do they have to like? Is that just going to be kind of a glut that comes on the market in terms of supply, maybe maybe sure, but i also don't think that prices are going to crash and come down which would reverse the inflationary pressures we've seen thus far. Yeah i mean this i like ari, actually in the live chat.
I watched that same interview at davos this morning with uh brian moynihan, the ceo of bank of america and he's saying like spend. Savings are still through the roof. Uh earnings are still through the roof, and people are still spending and spending is up year over year, so we're seeing bad data at a walmart and target uh. But you know, but but overall spending isn't seeing it in the in the banks and the credit card data.
Yet so it's confusing time, i think we're just at a 50 50 time like what's going to happen, i think that the data from walmart and target isn't necessarily bad. I think it just misunderstood a little bit. So if you look at what happened right, target dropped 25 on bad earnings, walmart dropped 20 on bad earnings because they both missed earnings per share - and you know market is currently very tough on misses. However, what actually happened is that both walmart and target actually beat on revenues.
In fact, target beat on 500 million more revenues than expected, but it delivered less eps. In fact, walmart just missed slightly, but target really missed instead of three dollars per share to 20 per share. The reason is, as you mentioned, sales are up, but the company is not as profitable as before, despite higher revenues. Why? Well? Because energy is up, wages are up, cost of goods are up supply chain shortages are crazier than ever.
So the question is right now, looking at this, basically more spending less profitability, we're starting to see inflation, cutting into the margins of discretionary spending, and the question is: is home depot which actually had great earnings? Is the outlier here or is this the beginning of a new trend, and this is just the beginning of the downturn of the recessionary period, because if this keeps happening, if these margins get beaten up by inflation, despite higher revenues, that means people will lose jobs because Businesses will have to be more efficient. Those people will less be spending money eventually causing the snowball effect. So what i'm watching this week - and i tweeted about this - i'm going to be watching really closely costco dick's sporting goods best buy, which all report this week to see if home depot is the outlier here or is this a phenomena that's beginning to show how inflation Is basically starting the recession yeah and just to catch us? Oh hey! You cut out um, oh wait just to catch us up on. I saw i'm watching a delayed feed now just to catch us up on what kathy followed up on the thread is like. I guess what's her point here or how did you take her point? If inventories are exploding, is she's still standing by the prediction that inflation is transitory and will go away soon? Well, it sounds like it, but i don't think it's an inventory. I don't think it's a transitory problem, because what she's referring to is essentially well it's the same theories. It's been pushing for the past six to eight months was basically hoarding caused this inflationary spy because of shortages, but the reality is that we are short everything, because either china is locked down. Russia and ukraine is in the turmoil, or energy prices and wages are so high that the cost of production are so high that these things that are needed, these costs of goods are so expensive that it it just cuts deep into the profit.
So i think that she's wrong. To be honest about this, i don't think it's it's voluntary hoarding! That's causing this. I think it's a really dangerous juncture in our economy, because i think it's real and the companies will have to make a decision. It's a tough decision.
They haven't made so far. Are we rolling these costs on this on the consumers, or are we keeping taking hits on on the margins? They can't keep this up for long, i mean they can do it for a quarter or two at some point. This has to roll over and this there's gon na be blood on the streets, and let me just add here that she said uh. Basically, if the velocity of money does decline, then we'll be facing the risk of price deflation, which i think that's really i'm yeah.
So it sounds like tom, you don't you're, not calling for price deflation. Are you no not in the next 18 months? It's just too much shortages, i mean. Where does it come where's? The relief coming from unless energy prices go down, which is unlikely or geopolitics, seems to be only heating up. We have now biden claiming that u.s will militarily intervene in case china does something in taiwan, so it seems that geopolitics is getting worse. China is not opening up, and in general, to give some context and tom. I just texted this to you uh. You can pull it up on the screen. There is a catalyst for deflation, it's just a catalyst, that's a little bit more abstract, which is artificial intelligence, which is kind of the second part of this topic.
Uh. That kathy wood has also tweeted that i'm gon na destroy this argument in a second that, based on their research, ai, is going to increase the gdp of the united states by 50 over the next decade. Um. You know they have a lot of research.
They have a lot of young people in their research justin. You run an entire company based on investment research. Do you think it would be appropriate to kind of put out these statements? I think it's uh. I think we all i mean if we haven't learned that her her investing strategy is based on uh, very, very, very high optimism for the future dreaming dreamer tech being discountable in the next three to five years.
It's been three years bro. Where is it? I mean when we when she started getting when she started getting popular. She started. She was spewing out, you know genomics and all that stuff that was that was two years ago.
I don't, i don't see anything happening. I don't see prices being priced in because they're making profits, so i mean like look like i think ai will happen. You two are invested behind a company that does a lot behind that right. Pound tier and i know a lot of people in the comments are invest in pound tier, so i don't think it's unreasonable, but like do i is it actionable now today in 2022, on my birthday by the way, the answer is no, let me explain: what's going On here she is absolutely misunderstanding: the timeline of this, so i've spoken about this when i was preaching against one of my only predictions that was correct is that we're heading not to transit or inflation? I was saying this, like you remember when when pal was on tv - and i was saying is full of so she was making that argument.
Then, and even then i said she's right. If we're looking at it in the next 10 years, are we going to have deflationary impact caused by disruptionary technology? Yes, is this fast enough to alleviate current supply chain pressures, energy prices and inflation hell? No. This is a 10 year cycle at best, so i don't think she understands how long it takes, which is kind of weird to say right because she's, like so deep into technology, but i think she's off on the timing, which makes this not applicable to this current Inflationary crisis yeah: these are many many many more trillions of dollars going into the economy as a result of this innovation. So, by the way, there's a comment in the chat. I we we're not supposed to do comments, but this is the gtp3 over the weekend. I was on vacation and some guy on vacation showed me what gtp3 is and i was blown away. I've never seen anything like this. There was a guy having a discussion with the with this ai, whether a cat can fly a plane and the eye was kidding with him and joking and like it was insane.
I've never seen anything like that. Yeah! That's what you are tom. Yes, that's true! Maybe you know what his answer was like the guy asked him can, can can a can a cat fly a plane and then he says well if it evolves fast enough, yes, and would a housecat be able to find a plane that would be highly inefficient um If we're going to interact with the chat, i guess today rob and ray saying: agi's coming, which is uh artificial, general intelligence i think is coming is a very vague term. If it comes in 50 years, it's not discountable to stocks today.
So the question is uh. Do you think like agi is coming before self-driving or you know before all these other things you know i just i don't i don't underwrite it yeah all right. Moving on to the next topic, uh, which is spacex, we're going to talk a little bit more about elon in a couple minutes, but first we want to focus on spacex. They just raised 100 uh or they just raised 1.75 billion dollars at a 127 billion valuation.
Uh making them the second largest, most private, uh, second, most largest valuable private company in the world. Obviously, elon musk is trying to get his rocket ship company to the moon, and in order to do that, you need a lot of funds, lots of billions of dollars and it looks like they're going to be able to raise it uh the question for you: can I just stop you there, because it sounds like a business insider article elon musk is trying to get his rocket to the moon. Is this there? There were some articles that get us rocket weekend. Uh.
Let's start with you justin here's, the unique question for you: uh, given what we're seeing with with tesla stock falling is, is, are investors, should they be having fomo to put money to spacex as soon as they can and the problem really like? Why do you care you can't get an allocation anyway, so why should you feel fomo? That's like um! That's like saying that uh, oh man, i'm really upset. I can't like marry some supermodel, that's already married to tom brady, like you had no chance anyway, so um until spacex becomes public. I probably won't ever cover it. Also.
I think the valuation is probably uh, probably very speculative and would do very poorly in the public markets, probably more poorly in the public markets in the private markets, but i actually don't know how much money they make 127 billion dollars is based on what financials. I don't know i mean, does anybody know, have you seen the financials? I think there have been leaks. I just haven't really covered the company that closely they. They were the only company to get a rocket back to the moon and back with no problem right. Like does that not value them at like a decent premium, i mean no other company can do that. Uh i mean nasa. Can oh wait, you're saying and bring yeah, i mean, but what's the profits from that like who's? Well, that's my question about promo is: is that why private investors are just looking to get as much money as they can, because they trust in elon and this vision of going to mars like if it goes to mars, it's probably a trillion dollar company? If it goes to mars how much money does that make them? That's a good question. I would assume a lot.
I don't think that it makes them any money unless it's stimulated by the government as a human race and kind, i think, for the world. We should right, that's why we have nasa and eventually we're going to deplete the growth out of this planet and we're going to need to be interplanetary to have two percent growth forever in gdp. So maybe we need to settle mars. Maybe we need to settle alpha.
Centauri, i don't know so i agree, but things that that don't return like capitalism works for high roi projects like when you when you study finance 101. The first thing is like project finance, it's like an roi, so but if some, if the r on your eye doesn't pay off for like 100 years 50 years plus uh, the discounting doesn't work because you could just invest in the s p, 500.. So the capital markets break down. So what do you have to do? You have to subsidize it either through charity, which is essentially or government right.
So how is spacex making revenue right now? It's government, so i mean i don't know how much money the taxpayer is going to pay and at what profit margin they're going to let spacex have for settling mars and so here's a good example, something like on the opposite end of the spectrum on the public Sector cms center for medicare and medicaid services they if they want a service provided for their elderly or medicaid or whatever they, they basically incentivize. All these small mom and pops to to start these businesses like home healthcare or something i used to be in the industry and they uh they'll like pay a lot of money per visit and then when, when you have all these companies that started that are doing The service it's it's kind of like publicly funded they'll, start ratcheting down the profit margins and squeezing the profit margins once the the the industry gets mature. So that i mean that's neither here or there. I think like there's a lot here.
I think what people don't uh, fundamentally they don't appreciate, is that us going to mars will require taxpayer money. If you follow the money tom, if you have the ability to invest, would you just give your money and just trust elon, to take you to the moon with spacex, my god, i give you 25 000. You think i'm not going to invest in spacex. I mean come on uh, so, let's be honest, let's be honest: uh nobody, who's, investing right now in spacex is doing it because of a balance sheet analysis due diligence, free cash flows or any sort of traditional conservative uh due diligence procedures. Good point: everybody who's, investing right now in spacex, are trying to catch the next tesla at ground level. It's it's that simple. Now, there's definitely a cult like symptom here, but i would gladly jump on board because of the track record of the founder and the ceo. I think that the world is heading into privatization of these formerly governmental functions.
Space exploration, even cia, is getting privatized right now, look at palantir according to russ gerber right, so everything is getting privatized and i think that the question isn't really whether spacex can justify this valuation from a traditional valuation perspective because it probably wouldn't be able to do It the question is: do you want a piece of that um of that new venture inland is all excited about now. Obviously um, it's like justin said it's irrelevant. It's like trying to figure out. If you know you can get a date with a with a girl.
You can't, but there are ways by the way you can get exposure to spacex and we maybe we'll do like a coverage about that. There are ways there are certain companies that hold spacex in their portfolios, which you can invest in um in. In fact, i think even google owns a part of spacex, but there's a few other companies, so there there are ways indirectly to do it, but all i'm saying is like look. People who invest in spacex are not people who are trying to get.
You know. Eight percent a year over the past five or the next five years, they're buying a piece of the fantasy piece of the dream. Justin should be, should people be buying a piece of the fantasy has elon justified enough that it's okay to take that risk. For you know for the capital you have in your life or i think for the next 10 to 20 years.
If you own a piece of spacex, the only return you're getting like and i'm talking about, like cash return, is, is or maybe 10 years is the ability to brag about and feel good about it. That is a hot. Take. You think elon's not going to give a return to investors.
No, no! No. I didn't say that i'm going to keep this banner to hide them for the rest of the show. I said for the next 10 years, like i i don't. He does not want to ipo it, but then again with the twitter stuff.
Who knows these days, what he's going to do uh? But if he doesn't ipo it, you can't sell it and maybe you sell in the private market. Maybe i think again, like i agree with tom. This is a if you invest in spacex. It's not just about your roi right.
If you're going to be a dreamer, why don't you buy palantir buddy? Okay, all right! We don't need to have slander on the show. No, i know i you guys know i like volunteer, i'm just saying you're, not even buying it at six dollars. You don't like valentine's day. Look it's like it's people want to say. They're invested in spacex, it's a it's! It's a club! It's a club yeah! It's like four days club exactly, however, unlike board apes, which is just i never understood, this actually might make serious money, so there's also the option of that right all right. Well, let's move on to our third topic of the day very simple question: uh jeremy grantham saying you should sell this dip. It's gon na be worse than two thousand and uh the other guy um outside of jeremy grantham dan ives fear me not them. Preparation.
Dan is from wed. Bush is calling to say a buying opportunity sued by dennis bro. I will i get sued by dana knives, justin celery. We love you ben.
We love you dan, starting off this monday morning, uh for the this week of may 23rd. Should people be selling or buying the dip um? You can start, i think, selectively. You can start your dca, i don't think start the dca. It's time.
I think some stocks are getting to be at their uh. What i've coined like they're, starting to hit the mattress of valuation at a certain point, uh, like we roi club, had invested in a company called cnr uh, cornerstone research and we bought in the teens, because the valuation was so low and it wasn't like it's not A particularly great company, it's cobbled together blah blah blah building products and eventually it got bought out by their parent, because because the parent was a private equity firm that was like okay well, i would just rather own the whole thing, because it's cheap enough, so valuation Acts as kind of a floor and as a mattress, it can always go lower, but the lower it goes. There's like a spring board that fights you harder and harder. The lower you go.
So, if something something of worth trades at three times, cash flows like you'll, have someone buy it, buy it out for a higher price, so that so i think that you're, you get a lot of you're. Getting selective small to mid caps hit those valuations start to hit those valuations, but that doesn't mean they can't go lower. Now large caps still have a way to come down. So i think it's it's a a reasonable time to start dca to start the dca, but to make sure you're positioned that so that you can survive for two years interesting through two years plus and justin you and roi club members.
You guys uh bought the stock and you guys sold when it got bought out right yeah. We we sold yeah and then there was an arbitrage place, so they they were getting bought out for like 24.50 or 25 bucks a share and it popped up to like 22 23.. It's now trading close to deal value. I just want to ask you a quick question, because i never had a stock when it got about it.
How did it feel for the members and for you to wake up knowing, like you got this hefty premium, because your stock gets bought out like? Is that a unique feeling is that a different type of w in the stock market? I mean you can ask the twitter shareholders up until recently right, like yeah, the stock pops and you're like wow? This is really great and the biggest question is is: do you sell now or wait for the additional premium right? Uh and that's that's the whole thing with like twitter right, uh a lot of times a private equity firm if they buy the company like in that situation, the the the pe fund had already owned 14, like 49 or 51 of the company, so they knew everything. So you kind of knew that they were gon na go through with a deal because they already had all the inside information uh and you could probably count on a private equity deal going through better than you can some eccentric person who's doing it for ego. I guess now that we've learned honestly i if i'm gon na, be honest. I think i i agreed with tom at the time i thought the twitter deal was a no-brainer, so like i, i don't think that you necessarily called it wrong with what we knew back. Then i think we discovered something very, very uh. We are discovering something new about elon right tom uh buy the dip or dca. What do you think so? Really good question uh. I want to talk about a little bit to link it to the previous topic.
We talked about so in the beginning of the show. We talked about target and walmart right. If you look at target in walmart they're, currently trading at about one quarter of what home depot is trading. If you look at price to sales, they're trading about point 55.65 home depot is trading at two times sales, so one way to potentially mitigate a recession risk is to buy these low valuation companies with free cash flow that are extremely low priced and have a dividend Component right and now, if it's a, if you here's here's the tough question, if you think that this is a short to medium recession cycle, you definitely want to buy cheap value stocks right now with this little dividend extra extra.
However, if you think there's much much much more paying ahead and that we're headed to this massive recession, then there is no there's no way you should be dca into this market. If you see huge pain ahead, there's not going to be any safe havens, everything will be crushed, equities, bitcoin, crypto everything will be destroyed. It's going to be a complete scorched earth kind of scenario, so the question whether you should dcn to the market or not. Right now depends on how bad you think this recession is going to be so if it's anywhere from soft landing to medium lending, you definitely wouldn't start looking for these 0.5 price to sales dividend companies and if you think, there's much more pain ahead, you you.
You definitely sit on the sidelines for this all right last topic for the day shout out to 1800 people watching this live. We appreciate all of you spending your morning with us uh, as as we try to take money talks to the moon as they show look by the way i want to tease something before we continue. We have four months left at the end of this topic. We're going to reveal the comment i have it prepared that won the 25 from a previous show about who loves elon moore and it's a banger of a comment. It's so good, very, very good comment: uh tesla stock crashed another ten percent down to six thirties uh. As a friday, elon has a lot of controversy going on tom floor. Is yours what's going on with tesla and elon, and is this time to to buy tesla because there's just more fun in the market? Oh that's a great question. So, as i'm prepping this little slide, so the question is: does tesla have a massive key man risk now? A key man risk for those who are not familiar with the terminology of the corporate world is essentially a company where it's a one-man show, and something happens that one man, the entire program, jeopardizes the future of the company.
Now i just want to remind people that tesla is much much more than elon musk and they tweeted about it, and this is not the first time we had this debate. I think that a case could be made that steve jobs, which i think was much more of a key man. Risk for apple did not collapse apple, because the company was good enough and even tim tim cook, who is pretty much a chief operating officer who kept on as the chief operating officer with a better title for the entire duration. Ever since steve jobs passed away, managed to get apple to, you know one of the best biggest companies in the world, including getting warren buffett to invest in technology.
So for me i look at tesla nsc much more than just elon. I think elon is not even involved in test anymore, that much he's all about spacex right now he's not really into day-to-day operations. The company is getting great margins, great cash flow. There there's firing on all cylinders if he goes right now and just checks out completely and gets like herbert d's from vw to manage tesla.
Nothing is going to change. In fact, i think the company is going to be as good, so i think any key man risk for tesla, with what's going on with elon right now, is either temporary, exaggerated and irrelevant. However, there might be more pain ahead for for tesla, because this seems like this flood is there's a cycle. You know every few years the fat gets that comes back for tests.
It seems like the thought is eating up, so you might be able to get it. Even for cheaper justin is uh. Is the fud going to catch up to tesla? Are we going to see more pain and should people really take advantage of it trading at five six hundred dollars a stock? Let's share uh yeah i mean i think they should start. I think tesla is one of those like palantir, where you can start uh dca and if you believe in the long term story at 660 bucks a share uh. I think that yeah i mean i i disagree with tom. I think there is a lot of key man risk, i think, but in a different way, it's a little nuanced. So if you kind of look at uh, steve jobs, i think what happens as a ceo, especially of a company of that stage, and that innovation is there's a once in a generational generation ceo. That uh is the vanguard.
That is the trailblazer in creating new products and making sure those products are stood up enough to like to be really good products. So what you saw after steve jobs is uh, he started the iphone and then the ipad and then died, and those were so underpenetrated that apple all they had to do was just execute on that vision and fully penetrate well now, they're fully penetrated. They did one rabbit out of the hat, which was air, pods and and watches, but after now like who's going to get them their next s-curve. So what i think of of elon and steve jobs, they're like the next s-curve hunters, and so when, if elon, somehow something happened to elon, god forbid.
I think that tesla's set up to go execute on this dream of electrifying the world through automobiles and batteries. But then, whenever they fully penetrate there, they won't have the elon to go, find tunnels or you know, going to mars or like all these different things right. So uh yeah, i mean that's my opinion, but that's so far from here to there there's a lot of profits to be had from here to there so rebuttal, because we're running out of time shout out to the two thousand people in the stream right now. We wish we could stay here longer, quick rebuttal.
We got ta go in a few minutes, uh number one uh. I think that elon is not really that much involved in tesla anymore and i think it's a little bit he's more of a pr kind of role. He's representing the policies, i don't think he's involved in the day-to-day stuff of tesla, so much anymore. He has reliable lieutenants who basically carry out the business.
The truth is that they're about to have the best selling sedan in the world period, not just ev, which is the model y or three doesn't matter, it's the same car pretty much and look at the numbers. This way tesla currently holds about 66 percent of the u.s electric vehicle market. That market in itself is only about three percent of the us auto market. In general.
They don't need elon to grab a major chunk of that market, so without elon they can definitely get to two three and two to maybe two and a half three trillion dollar evaluation and completely explode out of the stratosphere, whether they have the new. I don't think they can do it without elon. If you talk about the next dave lee kind of money, explosion like the agi stuff and everything like when that's probably not going to happen without elon, but they don't need that to be the world's biggest company. For the next 10 years, with or without elon, okay, there, it is money. Talks live, wait, wait. We have a super chat. I i we forgot about that element. I completely forgot.
We do have this option enabled and dollars just big money, tom yeah and it's it's saying: qt starts in one and a half weeks, we've only seen point 75 in central banks fund interest rates haven't started the pain. So the the thesis here for don is that it's going to get worse, tesla re-entry will be 420 very random number tall tom, my price at 1 000, but he said lol, we'll see. I guess we will see then don. Thank you for the donation, we'll split it three ways and when i mean i would say three, i mean two and he's not getting any bye, um uh.
Thank you don for that we didn't. We forgot. We have super chats here. I wonder before we sign off.
I met uh. I want you to present this little gem that we got i'm gon na pull it up on the screen and can i make it bigger? So this is the winning comment. Can you set it up a little bit, so we explain what we're giving away 25 for yeah? We, we basically asked the audience uh. How can you come up with the most innovative way to show that tom really does love elon musk and they decided that uh? The passwords for our logo, no, it was who loves, elon moore, you you, oh, he loves even more you're justin jesus me or tom yeah, and so so justin his password is elon tom's password is, i love, elon moore and then admit his password is tom, so That was the that was the best part.
To be honest, because the last part, the last part, wins the comment. Yes, definitely 25 to steve steve reach out to us uh on any of our social media, dm with proof that you are the guy and i'll. Send you 25 and we're going gon na have a lot of steve newman's in the comments you have to have proof that you posted this comment and there's an easy way to prove it. So that's a great comment.
Thank you for the steve you win 25. For tomorrow's show, i'll do another 25 dollars and what would be your most creative haircut for a mit, a mullet bald head? Like the funniest comment about amit's new haircut, i can go emo i'll, give you another five. Oh man shut the stream down before he messes with this off play us out less off whatever i don't know all right. Thank you.
2 000 people for being here in the chat money talks is a show, that's trying to really grow, and sometimes we have technical difficulties, but we have to keep going and show that's trying to grow a show. That's trying to grow and we're here with justin. Oh and um, dr seuss, so the fact that 2000 people showed up uh. It really does mean a lot for everyone to show up and we hope you guys subscribe to the channel.
I don't think tom linked it in the description, because you know tom is tom. Um, he probably forgot because i'll link it i'll link it in the for the replay. So if you haven't subscribed yet go over to senseinvest and subscribe to the show, but i'm going to link it in the description of the show for the replay um. I have to get over to the train depot. My grandpa got in trouble for trying to do something with the train. I'm not! I cannot repeat it. Are you serious yeah man, all right? Good luck! Good luck! Tom! All right! I just hit my mic.