Well, well, well, kathy what about another 600 000 shares of volunteer. A lot of you are wondering like what the hell is going on here. Why is she buying right now when it's the most despicable stock in the entire market? Right kathy is like a commuter. That's basically figured how to hack life, how everybody commutes from the suburbs to the city.

You know they stuck for an hour and a half in traffic, then an hour and a half back home she's. Basically, well, i'm gon na work in the suburbs and i'm gon na live in the city. So every time i'm going to work, it's a 15-minute drive and every time i'm coming back from work, it's another 15 minute drive basically going against the traffic. The one thing you need to understand with kathy is: she is scratching a lottery ticket, so she doesn't need every single stock in her portfolio to succeed like warren buffett, for example, a berkshire hathaway needs a high percentage of their stocks to succeed in order for the Fund to make sense this a little bit different, she's crashing a lot of lottery tickets in the hopes that maybe you know, 10 of them go big, go tesla! That's enough for her she's, like a vc like a venture capitalist.

She is not looking for 80 of these companies to explode, but if any of them explode, she wants to be in on the action so that alone, the fact that kathy is buying arkans or what kathy's arc investors buying volunteer. It's not really an indicator of how great palantira is it's a nice confirmation bias if you need one but she's buying a lot of companies when she knows most of them will fail because she wants the disruptors that eventually will hit it. Big, i think volunteer is definitely within that group, but just on the standalone basis, the fact that she's buying isn't in itself some indication of greatness. You know just a little confirmation bias.

I do want to show you this. This is quite interesting. Bitcoin could rise to 75 000 this year, top record high bank ceo predicts. Now.

This is something new, because this is coming from a bank ceo, not some dude, on reddit, a bank ceo. Now, that's actually a positive sign, so this bank, ceo, his name, is guido buehler, i'm assuming no relationship to paris and said his firm's models, see bitcoin rising between 50 and 75 000 in 2022. Well, first of all, we know he's full of because what kind of models do you have for bitcoin pricing? I mean this thing literally has no bitcoin models and, while i agree with this conclusion that bitcoin might and will probably go to anywhere between 50 and 75. This year, i'm in fact convinced of that um.

There's no model show me that it's just common sense like if you say you have a model for this. It's a gg, my guy i mean this is like very dodgy. What i will tell you here is that um he is right and i think, what's important here. The key takeaway here isn't his model, which i think he doesn't have, or at least not a good one is the fact that now we have bankers talking about bitcoin.

That's actually a good sign. We have bankers talking about how bitcoin is the next wave and even though some of them may over exaggerate the importance of it. It's not going to replace you know, standard currency. I think that bank adoption of cryptocurrency is right around the corner and that's going to be huge and i think that's the key takeaway here uh.

I do want to show you this. This is quite hysterical, kim kardashian and floyd mayweather sued by investors over a legit crypto scam. Finally, we have a class action, lawsuit against celebrity pump and dumpers, who pumped cryptocurrencies like there's no tomorrow, and it is kim kardashian floyd mayweather. Now why would you buy a cryptocurrency based on the kim kardashian or floyd mayweather recommendation? I don't know, maybe the onus is on you, but they are getting sued, which is an important precedent.

Essentially, you know to create a kind of a fear factor and not to do it ever again, so kim kardashian. Basically, according to this, article is getting sued because she went on ig and she said, and i'm quoting - and this is not financial advice, but sharing what my friend just told me about the ethereum max token. Well, this is a whole new low for the whole. This is not financial advice narrative, but i guess here's the thing we have this culture that has been developing for the past three years and i've been vocal against it or basically the celebrities using their clout to pump and dump these and the only ones who are Actually, making money are either the celebrities or the people who are you know, dumping at the end, the the whales or whatever.

I think this is a good development, because basically, now there's a punitive side to this. If you take part in this well you're going to get sued, i don't know exactly what floyd did. I know it was something with the promotional aspect. I don't know if he actually posted or it was.

You know something that they had to do with the logan paul fight. They, i think they might have accepted it as a form of payment. I don't know, but i think it's a really good development. Finally, they're getting sued and not them specifically, but i mean you know, people that promote pump and dumps.

This is quite interesting. This is an article from seeking alpha inflation, nation traders brace for cpi core price inflation to hit another 40-year high. So basically, what they're saying here they're expecting to see a seven percent now i personally think and remember this. I think it's gon na be higher than seven percent and i don't think it's going to take the market with the storm.

I think the mark. That thing is already priced in we all know inflation is going to be seven and up so anything. You know unless it's going to be like a 12 inflation, the market is gon na. You know it's gon na be like the pittsburgh steelers 1975.

bend, but not break. So nothing really spectacular. We did have powell go and and speak yesterday, and it was comical because he basically said well um yeah rate hikes. Tighter policy will be needed to control inflation, but then he went on this whole rampage basically saying well.

The economy is both checked this out both healthy enough and in need of a tighter money policy. So basically, it's like a doctor telling you well you're, both healthy enough and you're in need of cancer therapy. I mean it's a little bit of holding the stick from both sides both ends. I guess i mean he's literally trying to say something without saying anything: i've never seen a guy speak more without saying less, which is basically the best policy when you're trying to get.

You know your job back and i think he'll get it, but he basically went on there had a written, pre-prepared speech basically said nothing didn't want to annoy anybody and basically said well. The economy is right. Also, the economy is not great. Everybody was happy and he's going to get me nominated.

I do want to show you this facebook drops 36 spots on glassdoor's annual best places to work, so they dropped from number 11 to number 47 check this out. This is really important because it just goes to show you the trend. Now jason calacanis actually talked about this and he talked about how facebook is now. You know nobody wants to work there now.

The importance of this is, i don't know if nobody wants to work there, but if you're having trouble attracting top one percent talent, your company is basically going to the toilet if you're in tech, so not a good sign for facebook. If they're number 47 on that list, they're going to have a very tough time competing and with the guys who are number one and so forth, so we obviously nvidia not a lot of surprises number one. We all know exactly why that's happening, but basically that's the whole narrative. I was telling you about palantir why palette is giving out so much sbc, because there's a small company trying to compete with the nvidia's and the big boys the only way they can do it.

If they create an advantage, an edge - and you know, stock based comp large amounts can create that. So you know not a lot of surprises there again, don't know if you know facebook will be gone tomorrow or next year, but i'm saying like in a 10 year perspective unless they figure it out number 47, not such a good place. As always. Thank you for watching.

I hope this was a quick recap of today that kind of helps you figure out where things are going see you tomorrow.