Kind: captions
Language: en
money printing has turned the entire
world into gamblers forced to risk it
all in the stock market just to escape
the crushing effects of inflation now
today's guest is showing that even that
game is rigged Chris Joseph's
accidentally became one of the most
important whistleblowers in finance his
app autopilot started as a joke with a
tagline invest like a politician but
ended up exposing just How Deeply
corrupt Congress has become his online
trackers show how lawmakers like Nancy
Pelosi appear to be profiting from from
Insider knowledge while everyone else is
left to try their luck if you've ever
felt like the system is broken here's
your proof and here's your road map for
how to win even when the game is rigged
against
you has Congress just become a corrupt
hedge fund because looking at some of
the data that you guys are putting out
it seems self-evident that they are
trading on Insider information I mean I
wouldn't go so far as to say that they
are blatantly outright wanting to trade
on Insider information very generous
yeah I know right I'm covering my bases
but what I would say is they do a lot of
sketchy stuff that align with things
that could be portrayed and seen as
inside of trading for the everyday
individual you know examples like buying
a stock having a law come out to benefit
that stock the stock goes up 30% they
then happen to be sitting on the
committee that oversaw the law that
passed so now they're profiting from
things like that that is happening on a
day-to-day basis are they calling up
their financial adviser or going right
to their Robin Hood app doing it right
while they're in those committees I
don't know it's hard to prove but there
is sketchy stuff going on they are
outperforming the market and I think the
public is kind of pissed and fascinated
with it at the same time yeah so the
whole idea of uh invest like a
politician which is the the slogan of
what you guys are doing why was the
response to go okay well if we can't
beat him let's invest just like him the
story on how the Pelosi tracker started
that culminated into autopilot which is
you know again our app slogan invest
like a politician shouldn't be that
popular it's pretty popular and I think
it kind of captures what you were kind
of getting at they if you can't beat him
join them movement but it started back
in 2020 2021 uh where anyone on social
media would see these things going on
unusual Wales is an account on X they
deserve a ton of credit quiver
quantitative they're an account on X
they call out these politician stuff too
and they deserve a ton of credit as well
but back in 2020 when everyone and their
mom was investing in stocks because Co
happened and the government gave you two
grand to gamble with uh people started
trading stocks and people started being
paying a lot more attention to it we
were one of those people kind of
building our app at the time which was
called Iris it was a social investing
app to follow your friend stock
portfolios when I'm I'm the co-founder
of it and when I was thinking about how
do we grow the thing I turned to social
media and I saw that unusual whales were
starting to call out some of these
politician trades and it initially
caught my eye and I was surprised at it
because I the time time I didn't
necessarily know it was legal like I'm
29 now I didn't grow up studying
politicians trading in 2018 when I was
in college I noticed it in 2020 and it
surprised me that how can that kind of
be a thing how is that even legal to
begin with why would it be illegal what
is the mechanism that you think is going
on behind the scenes what's crazy is it
was they didn't even have to publish
their trades before 2012 politicians the
entire time that we've been tracking
them and I honestly I think the entire
history of the stock market they've been
allowed to actively trade in whatever
they want there has never been any guard
guard rail saying hey you as a
politician you cannot trade that certain
individual stock or that industry the
only things that have happened that have
actually kind of capped this uh blatant
hypocrisy has been the stock act in 2012
which forced them to publicly disclose
those filings and there's a story on how
that all happened because they were
trading on the uh the housing crisis
which is insane why me through that
though cuz for I think that the average
person does not understand how money
works full stop they don't understand
the stock market or even necessarily the
fundamental idea behind assets so what
is it that triggers somebody like
unusual whales to say hold on a second
this is bad versus this is a thing
that's happening I think it's two things
one is the corruption where kind of we
just hinted it at the beginning like
what caught unusual whales eyes what
caught my eyes I think it was just the
blatant Corruption of how are are these
politicians allowed to trade in in I
came from the finance background but how
are these politicians allowed to trade
in individual stocks while me you know
my friends we're all working in New York
City we can't do it so that I think was
like the first part because uh so I have
buddies that worked in Investment
Banking they would be covering you know
a certain sector like healthcare they
have Insider information on Deals they
have Insider information on the broader
spectrum of the healthcare industry they
per the SEC and per their their
employers are not allowed to trade
individual stocks in healthcare it makes
sense you know it's like if you're
working on a deal of a merger with this
one healthare company and that one
healthare company and if you know about
the information the Stock's going to go
up you would want to buy that stock the
SEC though is like no you are not
allowed to do that because that would be
called that would be Insider information
the politicians are allowed to do that
exact scenario exact same thing they sit
on the Committees though and their
employers is the US government but they
can know things and they can go trade
stocks and they can do things to set
themselves up to benefit the news that
is going to come out and you know Co the
co is where a lot of this stuff started
with Richard bur and I I can get into
that story but to answer your question
too on like why what is the average
American not truly understand about it
is 60% of Americans right now are
investing in the stock market they know
they have to do it they don't
necessarily really know why they have to
do it but you know things like inflation
the stock market is the only really way
to grow wealth everyone's got a 401k for
for the most part they should be
investing in the stock market once you
get into it though and you realize that
the game is not rigged for the everyday
retail investor it's actually rigged
against you you then start realizing and
your your eyes are opening up to more
and more kind of truths about how the
stock market works and you got to be
careful because it's a doggy dog world
there's sharks out there politicians
however though are living in this whole
another world in the stock market where
they are allowed to kind of do anything
they want meanwhile everyone is out here
trying to kind of hold their own
investing in individual stocks that
they're trying to do and it it turned
into like a
hypocritical um opposition and that I
think is where social media kind of
captured it all so what do you what do
you think is worse the fact that they
have potential Insider information or
that they can influence something so
like the chips act which is going to
essentially pick winners and
losers uh which of those two is more
problematic I think the first one I
think the trading on inside information
because there's a really simple solution
to it all it's these politicians don't
trade individual stocks put it in ETFs
put it in the broader Market the reason
why I answer that is it's hard to limit
the politician from picking winners with
some of these acts you know there was a
bill that passed this morning for the
sports betting industry that obviously
is going to be beneficial for the sports
betting companies the politicians should
not be limited on how they approach and
kind of run jurisdiction over that bill
because they own individual stocks I
think the individual stocks is the
problem part and you got to cut that
piece out and the solution is pretty
simple it's just put them in ETFs put it
in the S&P 500 or just don't own
individual stocks to begin with go about
your job being a
politician setting up regulations making
sure the American people are safe which
whole other conversation if they're
doing that uh give us some receipts so
what are the the big sort of things that
an account like unusual whales or your
trackers are picking up so my morning
routine and unusual whales does this too
is we have been studying this stuff for
so long that we know the majority of the
politicians which ones are doing it we
know what committees they're sitting on
and we know the stocks that would kind
of
um what we call you know notable
politician trade alert it would flag it
uh an example this morning actually so
it's insane yeah it's at 11:00 here I
woke up at 700 went through my kind of
morning routine studying the politicians
studying the trades and I realized that
uh there was a new politician named
Ashley Moody republican from Florida she
is the politician that actually replaced
Marco Rubio senate seat she used to be
the Attorney General in Florida uh back
in from 2021 to essentially 2024 during
that time while she was doing it she was
very much Pro getting Sports legal
sports betting legalized she would go on
the record saying you know hey this will
bring $3.5 billion of annual revenue to
Florida we should do this we should get
this done she filed the trade a week ago
but the stock was originally bought on
February 24th uh 2025 that stock was a
company called genius Sports small2
billion Sports spending company wouldn't
really kind of raise too many eyebrows
unless you knew necessarily about this
stuff turns out two weeks after that on
March 13th there was a a Democrat named
Richard Blumenthal he prop proposed the
new bill that essentially is creating
legalized Federal limits for sports
betting it is a path towards getting
sports betting legalized for the entire
country on a federal level on that news
the stock started popping 15 16% then
turns out that that bill is now got
reviewed twice and got pushed to the
next stage of this which is being
reviewed by the Senate Judiciary
Committee guess who sits on that
committee oh God it's Ashley Moody the
Republican that just bought the stock a
mon ago fast forward to today it's up
25% and when you we then went back and
we studied is like does she have any
kind of relationships and anything with
that genius Sports when she was the
Attorney General partnered with uh a
company called um rock um Hard Rock
sports betting and hard rock sports
betting is the only legal entity in
Florida that is allowed to sports bet to
some degree so now you then kind of come
full circle and you're like holy crap
the politicians been pushing for this
the entire time in her State of Florida
just bought a stock that will benefit
from this J the legislation if it does
get passed and now she's going to be
sitting on the committee that is going
to oversee and kind of pass the bill
that's the example of rules for thee not
for me how are they allowed to do that
when you go back to the example that we
were talking about with a healthc care
investment banker you know a lowlevel
guy that isn't going to do anything he
can't do that meanwhile the politicians
are blatantly doing it right in front of
us that's what irks me that's what makes
me angry and that's what inusual whales
us and quiver Quant the other guys in
the in the space are trying to stop do
you see it as problem solved though if
the guy in the health care industry can
also place the bets or is this a bigger
problem than that I think it's a bigger
problem than that I don't think the
solution is uh allowing these
politicians to trade the stocks and I
think it is for one reason and one
reason only it's trust I think that
there's a lot more of distrust that
comes out of politicians being able to
do this whether it's Shady whether it's
not shady whether it's allowed whether
it's not allowed them just having that
Optics I think creates a lot of problems
that should not be allowed and we should
cut it from the root right there that's
my solution okay so I here feel a lot of
push back on this idea of
oligarchy uh part of my drum beat is
oligarchy just means rule by the few uh
it doesn't mean rule by the wealthy it's
a different word but I think
ultimately there's two things at play
there is rule by the wealthy which
probably would really freak people out
yep uh but this feels more like a hot
button issue to me of rule by the few
that have Insider connections Insider
information and they're using that to
get wealthy um why do you think that
strikes people as so grotesque yeah I
got a good example to hit uh to set the
stage for that conversation and it's our
it's the queen of it and Pelosi um cuz I
think like what you're describing is
exactly right and it's becoming a bigger
and bigger thing now that Elon Musk is
involved with the government you know
this and that but like let's not forget
like Nancy Pelos you know we're talking
about rule by the few rued by the
wealthy Nancy Pelosi is worth 280
million she's been the speaker of the
house for you know 10 years the Biden
family they're worth millions Cala has
just signed a book deal for 20 million
you know and Trump and them they're not
making it any better but it's always
kind of necessarily it's always been
like that uh Nancy Pelos the timeline on
her wealth is she got married to uh a
tech investor Paul Pelosi back in like I
think 1994 1995 they were not wealthy at
that time maybe they had a couple
million you know justif fored they
probably were wealthy but not not you
know big whatever she has been a
lifelong politician fast forward to the
time when she became the speaker of the
house which was the first time I think
it was around 2008 2009 which
coincidentally was when the stock act
happened um her wealth stop trading on
Congressional knowledge isn't that
insane it's literally called stop
trading on Congressional knowledge that
if that wasn't a sign to begin with yeah
uh her net worth when she became the
speaker was around 20 2021 22 million
still a lot but the time of her becoming
the speaker to now she's 10x that she's
gone from 22 million to now 250 260
million it's not like she's getting paid
anymore she's been getting paid the $180
the $200,000 salary consistently for the
past you know x amount of years how do
you 12 13x your wealth kind of over that
time
period a lot of it did come from the
stock market and from her private
Investments and kind of things like that
and you know a good example of it is uh
she made like 20,000% on Visa who she
was able to get she was one of the
politicians if you know about the stage
of uh if uh there's a famous 60 minutes
interview where a politician is asking
Nancy Pelosi like do you think
politicians should trade stocks do you
think it's a conflict of interest that
you and your husband are allowed to get
into kind of these individual stocks and
um the thing went viral because she
essentially was like no yeah we should
be allowed to do it it's not that big of
an issue when she was the speaker her
and her husband her well her husband she
won't take credit for it but her husband
was given um special privilege to invest
in the Visa IPO before it went public so
how the IPOs work and Visa so you know
this is the largest IPO at the time back
in 2008 2009 the bankers they take these
baskets of stocks they CU you know
they're about to issue new shares and
they go shop it around they go to the
banks they go to the the wealthy
individuals the private off offices to
sell those shares before they bring them
public I don't know how Nancy Pelosi got
access to that but she and her husband
did and they were able to get into the
IPO before the actual before the shares
were available to the broad public and
since that time the stock is up 20
20,000% so she Pro she made probably 10
to 15 million 20 million on that trade
Alone um so how do these politicians get
rich a lot of it is that and it's weird
because they are only get paid $175,000
salary but there are countless examples
of them entering office being career
loong politicians and then leaving
office wealthier whether that's from
speaking engagements whether that's from
book deals whether that's from insider
trading you can't deny that these
people's wealth does go up while they
are in office and I think that's a big
problem that is gotten to the point now
where we're questioning everything and
we're getting annoyed at Elon we're
getting annoyed at you know Elon and
Trump they have their own problems you
know here and there but I think it's a
broader picture that uh has to be talked
about more and more how are these
politicians getting wealthy while they
are in office okay so let me ask do you
make a distinction between them getting
wealthy off of the stock market them
getting wealthy off a book deal a
Netflix deal any of that or is that all
the same to you I think it's all the
same to me um a little bit of a
difference is the individual stock
trading the hard part is a lot of these
politicians their husbands and Wives
come are working in kind
of good jobs you know the some of these
politicians there's a politician from um
Illinois Iowa he his his wife sits on
the board of a bank and they're getting
stock from that from that deal and he
the Stock's up like 70 or 80% it's
called Farmers Bank Insurance small
little micro cap Bank stock they're
making money on that he's a politician
she's sitting on the board of the bank
is that a conflict of interest ins is
that insider trading not necessarily
maybe but they are clearly getting
wealthy from that while he's in office
and maybe there are things that are
going on we haven't seen any laws that
have been passed to benefit that stock
and benefit that bank but they the
Optics again they still are getting rich
from that
um insider trading they've never been
proven multiple politicians have been
investigated Richard Burr Kelly laugher
uh that trade this morning from uh
Ashley Moody honestly should get
investigated uh they've just never been
proven and I think that's also the
frustration around you know is it a
problem yes is anything going to happen
to it not necessarily walk us through
the timeline on Richard Burr so this is
the trade that I think started the whole
um microscope on them because it was so
blatant it was actually unbelievable and
also it was insane of what he did and it
was investigated it was fully
investigated by the and doj both of them
and then nothing happened so the
storyline goes on and I may kind of get
the dates wrong a bit here but this is I
can back you up I have most of this
stuff written down so okay perfect yeah
so this is 20 late 2019 early 20120 this
is before the co scare
happened early
2020 the public is starting to hear a
little bit about covid what's going on
how bad is this how kind of severe is
this Richard Burr said as the head of
the Senate intelligence committee so he
was receiving kind of information he was
understanding kind of what was going on
probably more than the general public
that's a pretty big position head of the
Senate and intelligence committee oh I
think it was on March or uh February 7th
or something around that timeline he
wrote an oped to the American public
literally telling everyone hey don't
worry things are going to be okay we
have our in this you guys should all go
about your daily business day-to-day
Pretty much telling the public not to
don't worry you know it's fine a week
later he is briefed as the Senate
intelligence committee he probably hears
something that again the average
everyday American doesn't know he's now
realizing like holy crap the severity of
Co is way worse than I originally
thought he calls up his financial
adviser and him and his financial
adviser liquidate his entire retirement
account how long after the briefing was
this uh
the same day yo they all know this
because of what you just said they were
got investigated by the doj and the SEC
so they had to publicly talk about these
uh these phone calls that happened he
liquidated his entire retirement account
which like you're not going off and
you're not selling off your retirement
account for anything you're doing that
because there's clearly something
happening to make matters worse he then
called his brother in-law and his
brother-in-law called his financial
advisor that first in financial adviser
didn't answer so what did he do he
called his other financial adviser they
had a two-minute conversation and then
on the record after that conversation
the brother-in-law and that financial
adviser liquidated their $280 $300,000
portfolio all in that same timeline so
now you got the sen head of the Senate
intelligence committee calling up his
financial advisor selling out of his
retirement that guy then calls his
brother-in-law his brother-in-law C his
financial adviser they sell out of their
retirement account a week later
Co kind of hits the broader public
stocks fall 30% and they saved all that
then and there they then get
investigated the SEC comes in they're
like what the heck was going on doj was
there actually Insider information I
don't know how that's not Insider
information yeah that seems like the
most obvious blueprint code of they give
any sort of public statement the SEC or
the doj they said they investigated and
they couldn't find any actual
wrongdoings and you know Richard Burr he
stepped down from the head of the senent
intelligence committee he's like you
know while I'm getting investigated I
think it's a conflict of interest the
irony it's a conflict of interest to be
on this Senate intelligence committee
while getting investigated he steps down
they don't find out any problems he
retires the next election cycle and he
goes off into the sunset no problems no
harm no foul what do you make of that is
it that these people just have too much
power and so meaning that uh somebody
that's chairing the head of the
intelligence committee he's not the guy
that you want to make an enemy of the
state is he's going to know a lot of
things and he could go blab about it or
is it well maybe if I looked at all the
same details I would walk away going no
no no it's just fine yeah I think it's a
big club that we're all not in I think
Republican Democrat it doesn't matter
they all have they all are the ones
making the rules and they all don't want
to change it so the the accountability
side of you know why does nothing ever
happened I think it's cuz they're the
ones making the laws
on mitigating and um having jurisdiction
over the people doing this and they
don't want to change it for themselves
so they kind of turn a blind eye and
they don't necessarily look an example
of this is like
um the aside from obviously going to
jail so per the stock act they have up
to 45 days to file those trades if they
violate that stock act they are in
violation of the law they get penalized
for it these politicians going to be
trading hundreds of millions of dollars
tens of millions of dollars and if they
don't have if they can't file trade into
45 days like what are you essentially
doing why is it taking so long the fine
if they don't if they break the law on
that is
$250 it's it's a parking ticket you know
and why is it the fine so low it's
because they're the ones that are
overseeing and they're the ones that are
making the rules for the club that
they're in why would they make it any
bigger what are the incentives that they
have to change anything and I think that
is the problem and that's like why we're
trying to harp on this autopilot the
reason why we're essentially doing a lot
of this stuff is we're trying to get
them banned from Trading we're trying to
bring change back into it to bring trust
back into the institutions and it does
start with them making the rules for
themselves they should not be allowed to
trade stocks and they should also should
not be the ones making the laws on them
being allowed to trade stocks to begin
with too so I think it's a big rules for
thee and not for me and it's a rich
people club that we're just not in we'll
get back to the show in a moment but
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okay so you guys are banging the drum
you're posting about this on social
media certainly during Co I mean this is
Ando this is Catching Fire people are
going
crazy how is it possible that in 2025
this is still going on what where is all
of this breaking down because I would
think that we the people could make
enough noise that this would get changed
but it's not happening y you would think
and I mean on top of that like this is
why kind of the cool thing about
autopilot is uh it's one thing to call
out the politicians and like it's
another thing to then kind of some put
some money behind it you know saying you
know [ __ ] it if you guys aren't going to
change it we're going to start investing
alongside it we built an app that
literally does that and so now we have
an app that lets you go and invest
alongside the politicians it's then a
whole another thing to have it become
such a problem that there's $500 million
copying Nancy Pelosi Dan Crenshaw um
Margery Taylor green Mark Wayne Mullen
Republican Democrat doesn't matter and
that has turned into such like a rally
and cry and that's our biggest hope of
why we think that we can kind of get
something past because it's again one
thing to call them out it's another
thing to follow them it's another thing
to actually get some money and invest
alongside them because it perfectly
portrays like the corruption and the
blatant problem with it 2025 has coming
around we've been doing it four or five
years there are bills now that are being
pushed to try and get them banned from
Trading but nothing has ever happened no
politician has ever necessarily really
reached out to us to try and actually
get a ban across the across the uh the
Finish Line they haven't or because you
said they haven't really has somebody or
the only politician that we've had
constant contact with is rahana uh and
he credit to him and also credit to AOC
um they've been pushing for it Matt
Gates did a little bit um rahana is the
politician that has been pushing for
four things one ban on Congressional
stock trading two term limits three ban
um special lobbyists and interests and
then four you are not allowed to be a
politician have that job and then be
hired by you know a locked Martin and
Aon a mega Healthcare company to consult
them of how to get a get away from the
laws now he's just flirting yeah I know
right like can you imagine is he popular
I've heard the name but I know liter
the funny uh irony of that is his um
district is San Francisco so he comes
from the tech world and Nancy Pelosi
also San Francisco so I wonder what
different choices I know right um he is
popular with that 100% uh he still
though he's not one of the more powerful
Democrats I think this is just me I
don't fully understand the power laws of
these different politicians and who's
more powerful than the other but that
message that we post on our social media
accounts on Instagram and Tik Tok or
Twitter definitely gets a lot of
attention and people do 1,000% support
that there's 86% of Americans support
the politicians getting banned from
stock trading I don't know who the other
14% are but they're related to
politicians yeah and if there's one
thing that I think all Americans can
agree on right now you know we're such a
polarized Nation it's sad but everyone
agrees that these politicians should not
be allowed to trade stocks and rahana is
one of those politicians that has been
pushing for these bills and blatantly
calling it out trying to get a ban
pasted he hasn't really succeeded with
it but we do chat with him all right
let's talk about directionality here so
I love what you guys are doing to me it
seems very wise to say okay if you guys
aren't going to change it then we're
just going to ride along uh but do you
think Trump is a sign that we're moving
in the right direction or the wrong
direction yeah Trump is a tricky one
because there's never been some someone
that is so big so popular you know he's
got his whole following with him and
there's also never been someone that has
been kind of so vocally and so open
about what he wants he's very black or
white he's I want tariffs I'm going to
push for tariffs I want crypto I'm going
to push for crypto before Trump even
started we created the JD Vance stock
portfolio and JD Vance because he was a
Senator uh we were able to kind of see
and his Holdings were roughly ETFs but
he also owned Bitcoin and he owned
Rumble and a couple other salt M stocks
so we've been tracking kind of the
Trump party you know for the past year
and a half um since JD Vance was um
announced as the VP Trump though again
does make it more complicated because of
the conflicts of interests and the clear
blatant you know benefits that he would
get if some of these things do get
passed an example is the Trump coin um
that probably shouldn't have happened I
don't think that that did him any good
not sure or that yeah let me that should
not have happened yeah that one I'm as
Pro crypto as you're going to get I
think people should be able to bet on
mem coins all day long but good Lord the
president launching a meme coin is
pretty horrific yep and I don't know if
this is just bad consultation I don't
know if there's people in his party or
people in his group that didn't see the
the downside of that especially like if
you come from the crypto Community you
would know like Brian Armstrong these
CEOs are they're calling it out they're
like probably shouldn't have been
allowed um that should not have happened
and that I think set the standard and
set the the landscape for bigger kind of
problems that could kind of come down
the path from that uh he has kind of
backed away from the chump coin a little
bit really he hasn't well actually
he he so the timeline was he released it
right before the inauguration and then
the thing went up to like 3540 billion
he didn't speak about anything until
probably a week to two weeks later when
uh a reporter asked him in the White
House in the Oval Office like what do
you think about the trumpcoin and they
were like what do you think about how
your net worth went up you know however
many 10 five billion and he kind of
brushed it off he's like oh I didn't I
don't really know too much about that
you know playing the classic kind of
keep your hands clean of it if you
studied the uh unit economics of how the
trumpcoin was launched these insiders do
have a lockup period and they have I
think it was 3 months 6 months 12 months
where
after Trump launched that coin he can't
just sell it the day after because of
this lockup
period where it gets interesting though
is uh a week ago he tweeted I love
trumpcoin or something like that and
then the the coin went up again a little
bit after that yeah exactly here we go
and on Twitter people started calling it
out saying like are we getting closer to
that lockup period is he trying to pump
the coin right before we'll have to see
cuz the the beauty of crypto is you can
track it all you know the wallets he's
got you can call it out right then and
there but again the problem with it that
I run in the Pelosi tracker kind of run
into is we are very bipartisan we call
out everybody like even earlier today we
were talking about Ashley Moody we
haven't even really necessarily got into
the the stuff that Pelosi is doing
because like we are very bipartisan
Trump being so open and blatant about
that coin has to be called out by the
Pelosi tracker and we're trying to do
our best to call out what is and what
isn't but with him it's hard because
there's just so much you don't want to
tweet about it every single day um that
we are trying to balance the the calling
it out but not getting too political
with him because he is the most
polarizing dude probably out there now
him and Elon um and that's kind of the
landscape the Avenue that we're working
on but the public doesn't like that he
did it either I couldn't really find too
many people supporting the president of
the United States launching a meme coin
um but he did the same thing with djt
you know what's give people information
djt is the uh Donald Trump spack you
know it's essentially like it's the
company that oversees truth social and
you know I think per their uh earnings
reports they have around2 or3 million in
Revenue but they're worth eight or n
billion yeah and I think that that's
crazy yeah the multiples are insane on
it but impact theory is bigger than I
know right yeah you could be uh yeah you
could probably go off and like buy um I
don't think we're going to value out at
9 billion exactly exactly but what
what's fascinating about the djt stuff
is
uh the and kind of follow my path here
I'd be curious to hear your thoughts on
it is like um the djt is a
representation of the support for Trump
he launched that everyone it's so public
that this this company truth social like
yes it might have promise you know it
could be doing stuff that's great could
not be doing stuff that's great but at
least like you know you have the unit
economics they're making $2
million the people are still buying it
though you know margorie Taylor green
the politician she bought Donald Trump's
stock and I see it as like a support
mechanism for the stock market where
when he was getting um investigated by
New York for the mara Lago things like
that support him or hate him you know he
used the Donald Trump uh the djt stock
as like a rallying cry to be like
they're trying to take all my money you
can support me with this um with this
asset the world's biggest uh gofund me
exactly and what is fascinating though
about that and this is why like maybe he
was in on the trumpcoin a little bit
more than I would necessarily think this
is where I put my tin foil hat on is the
djt stock is the same kind
of GoFundMe style thing for Wall Street
As Trump coin is for the crypto industry
there's not millions and millions of
people in the crypto World lining up to
buy and support djt stock so what do you
do you launch an asset in that world
trumpcoin and now you can kind of sell
your support to the crypto community and
the C crypto Community can come in and
invest alongside and support that
politician with the money with their own
money and let me be clear I I think
there's something to that where your
dollar should support the people that
you want you know we were chatting off
air a little bit about like the whole
Alibaba and uh what we talked about in
the Tucker Carlson podcast invest your
values invest your values yeah is there
anything necessarily wrong with Trump
being open and blatant about doing these
things yes with the do you think with
the stock yes the stock is a little bit
trickier though because of that Tru
social aspect of it where there's an
actually an underlying business to it
Jesus man I when h when he's not
president I love it yay hey we have this
uh former civil former civil servant who
we believe is being prosecuted and we
want to like do a GoFundMe where um we
can show support in a way for an actual
business Endeavor there is what I call a
cover story but I think you can paint
the same picture for the whole stock
market anyway uh there's a cover story
for why we want to do this uh which is
we believe in true social and we want to
see this thing do well but the you you
started this by saying look there's just
uh there's no trust because even if they
aren't doing insider trading the Optics
give it such a look of that's what's
happening the growing wealth divide
makes that untenable where you just
cannot be playing that game yeah so when
I think about I need to lay down in my
own life I need to lay down principles
so I don't want to look at uh Trump and
say oh this is how Trump should be
treated I don't want to look at Pelosi
and go this is how Pelosi should be
treated I want to step back and go this
is how politicians should be treated and
whatever that uh whatever effect that
ends up having across the board I
actually want to be blind to all the
potential things that could come in the
future Trump Biden doesn't matter yeah
literally doesn't matter this is the
policy I think about this a lot as a CEO
you put in policies you do not go this
person can go do this this person can go
do that you just go here's our policy
and then whatever comes of it comes of
it and if I don't like the way that it's
treating somebody I'm going to adjust
the policy and now it will create a an
equal playing field for everybody else
if I'm trying to solve that one-off
thing so either and this is something
that um I we'll we'll certainly get to
today is there are two choices before us
in terms of how we solve this problem
Choice number one is you just start
outlawing all this stuff and you say no
no no if you're going to be the
president hey sorry but you are going to
have to sell out of that company so Elon
Musk if you uh pass a constitutional
amendment and one day you want to run
for president you're going to have to
sell out of all your companies and
either don't run forid or sell those are
your choices or we say yo I would I want
the best and the brightest I want the
most successful people in the world to
want to be president this is amazing uh
therefore I'm going to do maximum
transparency and I'm going to say dear
Elon dear Trump dear Pelosi dear anybody
anybody uh this is going to be real time
when you make a trade in real time
that's broadcast and now anybody uh a
Chinese um foreign national uh an
American anybody that goes oh I bet you
know something that I don't now I'm
going to be able to trade with you
instantaneously and you
effectively through technology eradicate
the idea of Insider information because
the second you move everybody can make
that same Tey in transparency of real
time right I have not thought through
this well enough to know which of those
is going to be better but that to me
feels like the play and what I hear you
guys saying is we're doing the
transparency thing because we can't get
you to stop doing things that we view as
at least optically so grotesque that
something has to change and possibly
this is just outright corruption uh and
if that's the case then I say well okay
then that applies to Trump and you can't
no matter how much once you're president
no matter how much you want people to be
able to support you no matter how good
that was when we felt like you were
being persecuted and having the justice
system turned against you now that
you're president like you just can't
[ __ ] yeah yeah it's a good point
that's a good point in the contradiction
of uh cuz like maybe even like on the on
the policy side maybe there's an
argument to be made that that the
president is just the next level of like
that is a whole another world that is
like the the ruler of the Free World him
launching meme coins him even having to
your point the Donald Trump stock which
is him even having interest in true
social which is a public company
probably kind of can raise a ton of
conflicts of interest so I hear you on
the um the hypocrisy or the the
contradiction of it I guess the the
thing that I maybe I'm kind of
downplaying a little bit is my biggest
belief is you're right these politicians
should not be allowed to trade maybe
kind of Truth full transparency around
that kind of should come into play here
with Trump being the president that
again maybe that's a whole another world
is there an argument where just full
transparency into the whole thing and it
turns into kind of the wild wild west of
these politicians
if they're all going to do it let's get
rid of the guard rails for lack of a way
to describe it and make it all
transparent all open and let the public
decide on whatever they want to do right
now we're at this this I think this
problem and now that I'm thinking about
it it's good that you're bringing it up
because it's like on the one side you
got all the politicians playing this one
game where they are behind the veil of
the stock act they still can trade but
they have 45 STS to do it they're still
allowed to essentially kind of trade
whatever they want but they can hide
behind a lot of those rules and they
don't have to be so open and so
transparent about it on the other side
though you got the most powerful person
in the world blatantly doing it to a
point where he is so overly transparent
about it that you know exactly his
entire game plan you know how much money
he's making you know how much money his
net worth is going up and he's on the
whole other spectrum of transparency
with it it turns into just this whole
crapshoot of like which way is right cuz
he he shouldn't be allowed to do what
he's doing but his transparency in his
way he's doing it or his transparency in
the way that he is kind of outlying how
the whole things work is the way that
these people should be doing and if
they're going to do it anyway so do you
do you understand where it's like the
line of the president is in a whole
another world he is being probably
openly transparent about it meanwhile
the Congress they are not being
transparent about it and they are using
the stock act and stuff to be able to
kind of hide and do things that the
American public aren't able to see
that's I think like we we see that on
social media a lot and Trump I think to
your point it's so tricky when your
initial question was like is it right
should he be allowed to do it no but
he's being so overly obviously
transparent about it that it's so easy
to call him out for it to the point
where it's like do we even call him out
because he's telling the whole world
what he's doing you can't call him out
if he's telling everybody to begin with
you know I do I think it it comes down
to a fundamental question of what do we
believe is the purpose of the
presidency um I've never had to
articulate this out loud so forgive me
if a week from now I say this is
actually not what I think anymore but my
initial reaction is the sole purpose of
the president of the United States is to
make America better for the average
American just to put a simple way to
talk about it Y and I have a feeling
that given the truth of the statement
show me the incentives and I'll show you
the outcome the last thing in the world
you want the president to do is play a
short-term game and even if you did
something because as you were talking my
initial Instinct was oh this is create
the Sovereign wealth fund the president
whoever they are gets some piece of The
Sovereign wealth fund some tiny tiny
tiny piece uh of The Sovereign wealth
fund personally and it's like cool if
you make things better for all of us
then you get something and then I just
thought oh my God that will drive them
to think so short term yeah so then uh
my thinking was okay we'll make it play
out over the next 10 years and they get
10 years after they've left office
whatever the average return is over the
10-year period that they get some
ridiculously small percentage of that
and that's their payment uh and I can
just see too many distortions coming
even over a period of time like that
that you're probably better off going
back to the system that we had with
George Washington which was effectively
Alexander Hamilton going you're the only
person I trust not to be corrupt that I
can put in this position and I know
desperately wants to not be the
president and the only reason you're
doing it is for the good of the country
and so you'd be willing to make all of
these sacrifices um I think that that
just is the right PL now we're not in
that world right now and so my thing is
deal with the world the way that it is
not the way you wish it would be and so
we have a rats nness that we have to
untangle um but just to linger on the
point of a George Washington like
character for a
minute if we can create that kind of
ethos in the culture which I think the
culture is probably closer to right now
they are so infuriated by rule by the
few they are so convinced that the few
are either already rich and got rich
through corruption or if they weren't
Rich coming in they're getting rich via
corruption while they are in this as you
said club that we don't belong to
because that's where America is at right
now it's like you really have to find a
way to create a scenario where to your
point you're reintroducing trust in the
government and I think the only way you
get there is by somebody who is saying
listen um I'm just going to isue all of
this stuff for now which sounds like
what JD Vance did uh David Sachs did
where it's like these guys made choices
that were worse for them like I love the
idea that JD Vance holds ETFs so now
it's like well if the American economy
is winning he's winning in the exact
same way that anybody else would win
it's the same companies uh he doesn't
have any specific influence because it's
such a large group of companies um so
now it's just like yeah you're
incentivized to make America better one
simple proxy would be the performance I
mean GDP might be a better way to look
at it but you can't trade on that so the
thing that we can all trade on becomes
the S&P 500 again just to oversimplify
so something like that I like um and
feels like it probably just has to be
that and if you want to be president
then you're going to have to accept I
can't have my JDT I can't have a meme
coin and
um we somehow and this is way harder
than I'm going to make it sound we
somehow get everybody to re-embrace that
sense of I become the president as a
tremendous Act of sacrifice yeah not as
a I expect to get wealthy now I will
plant one seed which is I love that
these guys then make a ton of money on
the backside by writing their story or
whatever um if they're out of office and
at that point it's as an American person
like I want to know these things I
suppose it can still be manipulated a
bit in terms of um like the speaking
circuit where it's like hey once you
leave I'm GNA take care of you Netflix
we're here you know there there would
have to be guard rails around that but
um I don't like the idea of a president
dying broke you know what I mean like so
anyway there have to be some no I mean I
I think like um because when we think
about what are the different solutions
to it you know we can again this is why
I love what we're building with
autopilot it's like we are trying to
create a rally and cry saying hey
politicians you aren't doing anything so
we are going to build an app to
literally invest alongside you because
you are not doing anything and oh by the
way we now have half a billion following
you and we're crushing it we're making
millions maybe you guys should take this
kind of more seriously and like Stop
This and like that's our way to get more
and more people eyeballs more and more
people to see it and it's worked you
know we got a million followers on
Instagram a million followers on Twitter
the Pelosi tracker we're on shows like
this people wouldn't know about this
stuff unless I think like the app is a
great way to capture that emotion
because your money is actually involved
in it when we think about Solutions
though it's like we are trying to get
them banned from Trading and the ban is
much more complicated because of the
different nuances and uh I'll get into
that in a second with the with what
bills have been passed or what bills are
getting potentially down the line but
the three kind of main Solutions and
again po president's a whole another
world you are completely right
uh one get rid of the delay allow them
to trade individual stocks but open up
that transparent layer where it's like
look if you guys are going to trade
we'll let you trade this is just one
solution but get rid of the delay so now
if you're trading the whole American
public knows that you're trading and
they can copy you not copy you do what
they want but the American people at
least could be like we're making
progress on this they are at least being
open and more transparent about what
they're doing downside of that is you
still have the terrible Optics people
don't trust them they still could be
quote unquote inside of trading but at
least you have the ability to um uh see
what they're doing second option is this
blind trust idea where you take your
individual assets and you give it to a
third party fincial adviser quote
unquote a blind trust they could do
whatever they want you don't have any
access to them and to be fair some of
these politicians do have blind trust
set up where they are not trading but
it's the financial adviser making trades
for them the problem with that solution
in my opinion is I don't think that
solves the Optics issue whatsoever I
still think there's going to be American
people being like okay cool you got a
blind shot you're still calling up
you're guy you're still talking to him
at dinner you know you're not just going
third party with this that I don't think
is the solution the third solution that
I like and I think is in agreement with
you is get everyone into the market
where it's like you sell out of your
individual assets and you just put it in
the S&P 500 where you don't you still
partake in the upside of America you
still partake in the growth the GDP you
are still incentivized to grow us as a
nation but you are not doing it picking
winners and losers in individual stocks
when the whole Market goes up you go up
so does everyone else's retirement
account you know all these people's
retirements accounts the majority of
them are in these ETFs when the markets
go down you feel the pain the same way
that every every other individual
American feels the pain but we're all in
this patriotic kind of group together
because the politicians incentives is to
grow as a country and that I think is
the best solution the problem where it
gets complicated is the kids and the
spouses so there was a bill that was
passed by John ooff and um
um what's his name um Josh Howley they
got a bill the farthest that's ever been
p uh gotten to in the Senate the first
bill that's ever made it to the senate
in that bill they propos three things
one no politicians are allowed to trade
individual stocks great we get that
argument that makes sense two um the
spouses in the children can't trade by
2027 start getting a little bit more
complex where it's like okay I'm a
politician but can my kid who works at
JP Morgan is he allowed to trade is my
spouse that's you know working at Amazon
are they allowed to trade like that is
it Con constitutionally allowed to tell
a spouse what to do little bit gray area
but still I could see the argument there
the third thing though that this new
bill introduced and I don't know if the
majority of the American public know
this is and this is again where it get
so complicated is in that bill they
would require all politicians to divest
from private individual assets MH so if
I wanted to run for Congress you know
I'm 29 I got a good little Community
Behind Me Maybe I do you know maybe
something changes when I'm 35 and I want
to run if I were to do that I would have
to sell out of autopilot which is
financial investment platform not
necessarily really anything to do with
politics but it's still a private
investment in my personal kind of wealth
and with that new bill I would be forced
to sell out of that you if you ever were
to want want to run for politics with
that bill you would have to sell out of
all your individual assets you know
impact Theory this and that is that
allowed and should that be a thing
because that opens up a whole new C can
of worms because you are now forcing
individual private Americans to sell out
of private Investments that is how do
you get liquidity for you know an impact
Theory how do you get liquidity for a
family business is it constitutionally
allowed to get people to kind of do that
and my worry with that path is you then
kind of divide up this whole quote
unquote career-long politician angle and
the people that you get into office even
where even on a greater scale scale that
bill was being introduced in July of
2024 at the time if you kind of remember
you had uh Cala Harris and Tim Walls
Kamala Harris Tim Walls both relatively
kind of career-long politicians Cala was
uh I think governor of California not
Governor but attorney general or
something like that um but she she never
really necessarily had any she wasn't
working at a you know a Facebook or
anything like that no kind of private
experience um Tim Walls ex teacher the
only thing he owned on a private asset
side was a pension fund he didn't even
own a house didn't own any individual
stocks and on the other side you got you
know the Trump campaign and that team
with a whole another world they were all
business people Trump you know we
already talked about what he has he's
got a million businesses JD Vance ex
venture capitalist he has his own
private inv M you know things like and
he was a partner at Founders fund to
some degree um going down the line you
had V you know coming from the
healthcare kind of angle if that bill is
passed at that time there would be no
you know there would be no Donald Trump
there would be no vivac there would be
no JD Vance there would be no
conversation around these there would be
no Elon you know for better for worse
but you would be turning off kind of
vast large part of society to run for
politics is that a better America where
you know you like I I think you probably
could do a lot of things if you were to
be a politician you understand the
people you understand how social media
works you understand kind of where the
direction and the the public outcry is
going a lot of people that are
politicians though for 70 or 40 50 years
have no idea about the experience that
you have however though if you were to
ever want to run against one of those
people you would theoretically have to
sell out of your individual assets is it
worth that you know maybe not maybe is
but you are turning on off a massive
amount of Americans from running for
politics that uh has been there's been
an argument being said that that's a
kill pill where it's like oh these
politicians again were not in the room
they put that piece in because they know
there's Americans that won't support
that and that will never get passed so
like Mitt Romney he was ex CEO of Bane
he voted against that bill but the
problem is you read the headline it's
like Mitt Romney votes against the bill
to ban Congressional stock trading like
no he supported the ban of it but he
didn't support that piece
so this whole topic is much more kind of
complex and harder because when you deal
with the kids going back to what we were
talking about with Trump trump can put
his whole thing into the S&P 500 he
should all these politicians should
that's like what my personal belief is I
think they should have known individual
stocks but I think they should have an
incentive to drive growth in America
Donald Trump's kid though you know Eric
Trump for example he's the one behind
all these ETFs so even this morning he's
talking about launching ETFs with TR
social TR social stock is up 10 % Donald
Trump's individual net worth goes up
however much percent because he owns it
but how is it constitutionally right to
tell Eric Trump you can't do this
because your dad's the president I think
because he's the president it's a much
much different level there's clearly
things that he probably shouldn't do but
if you're a politician from Washington
and your kid is trying to do something
should you tell your kid that you can't
do that individual thing cuz your dad is
a representative from from small
District in Washington State you know
that doesn't miles and miles away from
DC not the most important you know
you're not the ones moving the needle
for the the federal government but you
still are you know a person in Congress
that's where it gets much more complex
and harder to kind of parse through and
why this entire topic is so nuanced and
also why with autopilot and with the
Pelosi tracker we are trying to bring
more eyeballs and transparency into it
so people understand it and they can at
least have a more informed way of making
the decision around what they want and
what they don't want we'll get back to
the show in a moment but first TCH
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and now let's get back to the show given
what you guys do I have to imagine that
a big part of your audience customer
base are uh Millennials gen Z do you
feel like you have your ear to the
street in terms of what their Vibe is
like because from where I'm sitting it
feels like there is a lot of we're past
frustration now and we're into outrage
territory we're into
hopelessness uh we're into burn it all
down
territory what do they want to see with
all of this
yeah so J we do we we see a lot so on
the Pelosi tracker that that account has
1.1 million followers on Twitter x a
little bit probably more conservative
leaning on Instagram we have an account
called the politician trade tracker
900,000 followers probably a little bit
more left leaning in that so we see you
know we post the same thing on Twitter
we post the same thing on Instagram we
see the two different uh arguments same
here yeah yeah the underlying truth the
first principle kind of commonality
between them all is I think people are
kind of just sick of the blatant
corruption in front of their own very
eyes where people are struggling with
inflation they're struggling with the
day-to-day stuff they can't buy a house
they can't do this they can't do that
and they are feeling left
out because they are not part of this
system meanwhile the politicians are
blatantly doing these things right in
front of everyone's face and I think
that's where the frustration starts
boiling up and they all kind of call out
the uh the corruption and them just kind
of not necessarily doing it they do it
in different ways so like we still
obviously do see you know the Gen Z
Millennials saying hey why aren't you
calling out Nancy Pelosi she's the one
doing it the most and then on the other
side you get like hey why you only
calling out Nancy Pelosi there's other
politicians doing it as well so if you
comb all that stuff out I think the
unified thing of the Gen Z and the
Millennials is they are feeling left
behind they are frustrated with that and
they rightly so are calling out and
saying why are these politicians getting
rich in front of us meanwhile I'm
struggling to buy my eggs because you
know inflation things like that
shouldn't you politicians be focused on
that as opposed to trading you know your
stock your stocks every two weeks that
is what we kind of see a lot of and it
probably comes more from the Millennials
to be honest than the Gen Z gen Z I
think grew up with it uh and they just
have accepted that this is the way it is
and they are just like helplessness yeah
that's terrifying it is yeah how are
they responding to it is it with an
aggression with an apathy uh I'm going
to work around it like what do they
think so the Millennials they go with
aggression and apathy and uh they use
our product more so um I I I could look
at the numbers but I think like the
average person using autopilot is
actually people with money that want to
invest in you know the corruption and be
like look if you guys are going to do it
I want to get in with invest in the
corruption wow said like that I hate
that yeah I mean it's no again you know
it it's whatever represents there's no
better way to highlight the hypocrisy
than to literally follow along and
invest alongside with it cuz if they're
going to do it I might as well join them
that's exactly that's how autopilot has
two million downloads and half a billion
dollars invested because of that kind of
problem gen Z though I think it's more
of like the doggy dog world and For
Better or For Worse I this is like what
I see and this is I think just my I have
two brothers who are jenzy they see this
too there's a lot of ways to
uh make money and I think they are kind
of seeing like oh these politicians make
money that way it's clearly not right
it's clearly corrupt it's clearly kind
of problems I'm going to go and I'm
going to try and launch a meme coin and
kind of rug pull you know yo this other
guy I'm going to try and do this these
AI apps on social media and kind of grow
them like that it's more of a doggy dog
world and you know there's still a lot I
think that the beauty of what gen Z has
is uh they don't take themselves too
seriously and they don't get necessarily
frustrated I think like they live a
little bit of a uh less anxious maybe
the data is wrong on this but the way
that I'm seeing it around the politics
is they live a little bit of a less
anxious life because
they like are accepting of a lot of
these kind of things and just how it is
and it's like I have to just figure it
out on my own and I think part of that
is being shown with how they uh treat
our account but also how they go about
trying to make money on their own man
say more so how are they
I don't know if I'm you're making me
fall in love with j z or if I'm not
understanding what you're saying because
I love the I have to figure it out on my
own no one's coming to save you that's
my message my producer Drew who's just
off camera hates when I talk like that
uh because it is so it's certainly out
of step with Millennials that is for
sure y uh who want to be seen they want
to be recognized for how bad they've had
it uh and my thing is I just want to
help you
navigate this well it you can no matter
what
um am I hearing you right about gen Z or
am I misinterpreting the idea of um I've
got to figure this out on my own yeah I
think you're hearing me right and I
maybe I could find probably AIT way to
articulate it better where it's not like
keeping money aside I think what gen Z
accepts and probably is in the right is
uh not necessarily it's a you are on
your own you have to figure it out on
your by yourself it's they have grown up
with you know covid they grew up with um
they weren't during the housing crisis
but they they they were probably I don't
know seven or eight six or seven around
that time so they grew up with the
Fallout of that uh the Millennials had a
whole different experience with that
because they were probably a little bit
older but I think what gen Z is kind of
seeing and what they're realizing is
there's a lot of way like you just have
to you can either complain about it or
you can just accept it have a little bit
more of a Carefree lifestyle saying [ __ ]
it you know I'm never going to be able
to buy a house anyway let me not stress
about it when I'm 20 and it's also
coupled with social media seeing you
know how it
works you know the best way to say it I
feel like gen Z feels like no one has
been looking out for them and that is a
little bit of the the difference between
the Millennials I'm a millennial and
like the jenzy younger brothers that I
have me as a millennial I know that
there were things going on in know that
I'm getting the bad end of the stick but
I still don't want it to be like that
that's why I'm complaining saying like
what the [ __ ] politicians you know why
are you able that's why I'm building an
app that literally lets me copy them you
know I don't want you guys doing this I
want to provide change I want to kind of
get this to stop so that we can kind of
keep moving forward we can bring trust
transparency back in meanwhile the
millennial in that same scenario is like
why are you even complaining to are yeah
excuse me the Gen Z in that same
scenario is like they have the mindset
of like why you even complaining to
begin with you know accept it stop
stressing about it nothing's going to
change anyway these politicians are not
your friend they're in the club you're
not stop trying to change it figure it
out and kind of live your life that way
that's I think like a little bit the
difference for the Gen Z kids they're I
think really experiencing that now with
um we've talked about college loans
student loans for how long like 15 years
they've grown up with it their entire
life has been hearing about how college
is expensive how people are complaining
about college uh college student student
loans when they're 35 40 and they can't
pay the things off you would think that
okay if you guys have been complaining
about it for 15 years you would have
done something about it nothing has
happened to it and now in these my
younger brother is about to become a
freshman in college his tuition is 90
grand a year whoa and it's like when I
started I went to Villanova in 2014
great school my tuition I think was like
55 60 maybe so he saw me going to school
my older two brothers went to school and
now it's his turn and he's seeing 90k
it's like what do you do in that
situation especially when you didn't
necessarily really have the power to do
anything about it you feel a little bit
not necessarily hopeless but like you
are on your own a little bit is he still
going to go to school I don't I don't I
think he's going to go to a different
school where he gets more uh loans and
it's public yeah but that was a private
school I mean it was Villanova like
Villanova is a great school he wants to
go to the same school that I went to um
and I think he said after rooman boarded
anything was around like 87 or 88,000
that is yeah what do you do you want a
real answer yeah you don't [ __ ] go to
school so uh my punchline is if you can
go to college if you want to go to
college and can do so without taking on
obscene amounts of debt cool I uh I have
not deployed the things that I learned
in college so I won't say that it set me
up like that but it forced me to get get
disciplined cuz nobody was watching over
me so it was a great
exercise um but at the end of the day
looking back on it I walked out I can't
remember if it was 25 or $35,000 in debt
I had between uh loans um grants etc etc
that that's what I walked away it was
manageable it was enough that it was
stressful for the first call it 10 years
outside of college but it was manageable
um but now 90k a year like that that's
insanity so what percentage of that
becomes debt I'm going to guess he's
going to be six figures in debt by the
time that he graduates uh given how much
you can learn from AI given how much you
can learn from the internet given how
much you can learn from working with
somebody else uh you were just way
better off going pursuing the thing that
you love most in the world that you can
monetize doing it right out of the gate
and stacking those skills um this goes
back to what would I tell myself if I
could go speak to me when I was 13 or
whatever I'd be like okay the thing that
you most want to do in the world don't
do some like around it try because my
thing was I'm going to get rich and then
go back and do the thing that I wanted
to do that was a mistake uh now that I
know what I know about acquiring skills
I would have just gone into that thing
and acquired those skills I didn't have
the internet so there's nobody to tell
me all this stuff um but that's what I
would do if I were him skill acquisition
make sure that you keep your costs very
low do not take on uh inordinate amounts
of debt it's just you're making it
impossible for yourself to get ahead uh
and given how powerful AI is between
that and Real Life Connections that's
the game I that's I think what I told
him when he told me the 90 cam like dude
like you who knows what the job market
is even going to be like four to five
years from now especially cuz he he's a
go-getter he likes to do things on his
own but he likes to do things with his
hands where he you know he's the one
starting the um the landscaping
companies you know he's the one going
door too grew up in Boston shoveling the
snow for the Neighbors things like that
uh he is on social media so what's
what's he's what 1819 yeah and he's not
on social media social media is that
like a thing for Gen Z were they're
actively rejecting I think that was a
thing for my high school my high school
we went to a small uh private school
that's interesting and yeah he's not on
social media so like he may not even
necessarily see all the things that are
coming with AI and I don't know exactly
how it's a good point I'll bring this up
to him be like do you know what's kind
of going on but yeah so he has an
Instagram account with him like 20
followers he's not on Tik Tok not on
Twitter just lives his life with his
friends and that's probably the better
way to do it but the downside is
essentially like what you're talking
about the the AI stuff how do you learn
about that how do you get how do you
stay up to date with where the whole
world is going college does play a part
in that because you are surrounding
yourself with people that have social
media people that don't people that come
from you know they they got the side
hustles you you get exposed to a broader
range a bigger kind of pool of people in
college to be able to do that is that
worth $90,000 absolutely not is that the
skill set that you're going to learn in
college worth $90,000 absolutely not
like me personally I was a finance major
went to school for finance and i' work
in a finance app now autopilot but I do
all the growth I do all the Social Media
stuff I have come become like a nerd
quote unquote expert of like how do the
algorithms work how do you dissect this
one algor on Tik Tok and how do you
reverse engineer it to make content to
work on that verse headlines on Twitter
verse the organic authenticity on
Instagram so I know how all that stuff
plays and I can kind of make content
that will work on that my younger
brother would have no idea and I don't
think he cares I don't think he has any
kind of interest in it fascinating I
don't know if that's a big gen Z thing
or if that's just a him thing that's
just a him thing man do I want an answer
to that question yeah uh another thing
I'd like to know so given your Interac
with Millennials gen Z what do you see
is the future of crypto you made passing
reference to it as like I'm going to rug
the next guy uh doggy dog what what's
the vibe what does crypto mean to
them crypto means the way to get rich I
think for the easiest way to think about
it the atttention spans the the
expectations I think of younger people
I'm on the cuso genzi millennial I still
am Millennial but I grew up watching
people get rich with crypto I think
crypto is the ticket to get out of uh
ticket to get rich where if you were to
give people an option you know you got a
25-year-old sitting in front of you you
give them option to buy Bitcoin or you
give them option to buy the S&P 500 I
think nine times out of 10 if they're if
they know the space and they know what
Bitcoin is I think nine times out of 10
they buy Bitcoin as opposed to the S&P
500 why because I think they see Bitcoin
as the higher risk higher reward and the
only way to live the life that you want
to live at 3540 it's not to go slave
away and make you know however X money
at a corporate cubicle it's you got to
do something else is it uh side hustles
maybe is it buying Bitcoin and then
Bitcoin 100 X's like it's been doing for
the past 10 years maybe but that is what
they're choosing and I think crypto
represents the getrich quick not
necessarily getrich quick might be a
little bit extreme the crypto represents
the way to get out of your socioeconomic
path much faster and at a higher chance
than stocks in S&P 500 things like
that wow okay yes that makes sense so do
you guys have any sort of data on how
younger Millennials and gen Z are
investing their investable dollars is it
like some massive amount is going to
crypto so I on autopilot we don't have
any crypto portfolios um you have crypto
trackers we so here let me uh take it
back we do have portfolios but we have
portfolios in crypto of like um you know
like unusual whales has a portfolio on
autopilot called the um the companies
that own crypto on their balance sheet
portfolio lack of a better way micro
strategy micro strategy um
Tesla um G GameStop didn't do this but
there were rumors that GameStop was
going to add um Bitcoin to their balance
sheet and we have portfolios like that
another portfolio is a guy by wolf
Financial he's a big guy on Twitter he's
awesome he has a portfolio called the
crypto bull portfolio and he created a
basket of stocks that he like will
benefit from crypto uh
coinbase Robin Hood um Michael strategy
again some of these mining companies so
we have access to those and those are
pretty popular to be honest but on the
actual kind of numbers of however much
percentage are investing in cryptos
Bitcoin salana ethereum verse stocks S&B
00 Tesla Apple um I don't have the
numbers on that but I mean I I would
wonder what Chach BT and them would say
but um my my intuition my instinct is
that the younger people are investing
more and more in crypto and I think
Robin Hood's data on that shows it their
product road map shows it coinbase is
one of the most popular apps cash app
has a crypto at angle they're not these
companies are not marketing come in and
buy apple and hold it for a 100 years
they're coming in and marketing you can
buy any crypto you want on our platform
and Trump you know the Trump coin that
doesn't help you know but that narrative
I think is becoming more and more
relevant especially in the Gen Z era
yeah that is watching people grapple
with the fundamental structure of the
money system not knowing why it feels so
broken but reaching for the things that
they see be successful around them so
you watch a guy get rich in crypto like
overnight by betting on dog whff hat Y
and which I hear is way down uh but you
see enough of that and you not only
speak to the Gambler that is inside the
vast majority of humanity but you show
them an opportunity where it feels like
the house doesn't always win and in fact
this thing got created because the house
was always winning and we wanted a
system
where we could have a shot where it's
outside of the clutches of the people in
the club um what do you make of the meme
coin phenomenon this to me is like the
like Bitcoin has great cover Story meme
coins do not in my opinion no and they
do get a lot of hate on social media but
I think the thing about them is um it's
a lottery ticket they're the easiest way
to think about is I can go to the gas
station I can buy a
$100 uh I could buy a $20 scratch ticket
and hope to make a hundred or I can go
to pump. fun moonshot any of these apps
and find a trend in coin put that same
$20 in and make $1,000 I think that's
what meme coins represent and yes you
know they can be are they Securities are
they not Securities it doesn't matter I
think they are pure gambling to the nth
degree and they are a lottery ticket for
people to try and get rich and I I've
experienced it like I I was in early on
um um the uh jail stool the the Dave
poroi coin jail stool so meme coins
become representations of culture so if
you're early on in culture if you're C
chronically online you can make a lot of
money in meme coins you just have to be
early and you have to be in at a certain
market cap if with without getting kind
of too nerdy but I like the nerdy let's
go yeah
so my take on this is uh if if you get
into a market if you get into a
cryptocoin a meme coin before like a
million dollar market cap you have the
chances to ride that thing from a
million dollars to 10 million to 15
million and then you sell out of it and
you kind of get out of it the stages of
how you kind of do this and people do
this on Twitter all the time you got to
be very very careful because it's a
doggy dog world in that there are group
chats that you have no idea about that
are plotting how to launch this cultural
meme coin pump it up and then sell out
of it while they are kind of talking to
their their community on Twitter that's
so horrible the the the and I might mess
up the timeline a little bit of this
with the jail stool but Dave poroy
they've all wanted him to launch his own
coin he did salana is the new network
that allows him to do that he had he
talked about one coin I can't remember
what it was he tweeted about it the coin
went up you know 30 to 40% something
like that maybe even 100% he then went
on Twitter and he said like hey everyone
I tweeted about this coin cuz I bought
it and it's up 100% I am now going to
sell it and he sold it and then the
thing Falls and it kind of gets killed
so what did everyone on Twitter do they
call it start calling them out they say
hey you're going to jail that you just
rug pulled like you are being so open
obvious about it you're going on
Instagram filming yourself saying that
you were doing a rug pull you going to
jail so again culturally relevant people
started capturing on then guess what
happens someone made a coin called jail
stool and it represented Dave poroi rug
pulling his crypto community and they
gifted it to him and they said Dave this
is your jail stool coin this is going to
be the coin for you to go to jail the
whole like bar stool community and
everyone on Twitter caught notice it
started getting big on um Tik Tok as
well and he started pumping that coin so
it became like a ironic kind of thing of
hey you guys are telling me I'm going to
go to jail via this jail stool coin well
I'm just going to pump this coin up and
I'm going to have this one try and go to
a billion dollar market cap that's kind
of the game he wasn't in he that coin
went from a million dollar market cap up
to 20 million market cap in like two or
three weeks he couldn't get it over
though the $20 million market cap
because in the meme world you know you
cannot hold these things forever you got
buy it and you got to sell it after two
hours buy it sell it after two hours
that whole little kind of game so it was
just funny and it caught the culture uh
just people are fascinated with it
because it would keep going up and down
and he would be publicly talking about
it and he's the first kind of crypto
person that has ever been so openly
talking about trying to pump in trying
to pump specific coins um and again
going back to what we were talking about
being culturally
transparent it's like what Trump was
doing with all of his stuff is clearly
pumping it poroi then sees what Trump is
doing he like well if the president of
the United States is doing it why can't
I do it me actually going to jail Z yeah
and then he starts doing it um and now
you know the coin is worth zero but that
is how the kind of heever sell or he up
and down he's still holding that one y
and he then started tweeting about a com
like jail stool 2 or something like that
he made a second jail stool coin where
people were uh kind of sending stuff but
again going back to what meme coins
represent it's culture and it is um
lottery tickets get rqu schemes yeah man
this this one is um Beyond fascinating
to me the way that I view this is
that what people are doing is
essentially saying okay there's a
mechanism here that I know works that I
can get people excited about something
and in getting them excited about it the
comes out of nowhere and it's it is
literally just enthusiasm now I believe
people should be able to spend their
money on whatever they want so if people
want to gamble I think they should be
able to gamble people want to gamble on
um I think I can time the excitement of
this better than you I think I can read
how excited people will get about this
better than you when meme coins first
came out I thought oh maybe people don't
understand that there's like no utility
here and then over time I realize oh no
no no they just all think that they're
going to be the ones that understand
this better than the next person
and so it's a bunch of people playing
like this
um perverted version of the GameStop
thing where it was like okay we're all
gonna hold right yeah we're all gonna
hold we're all gonna hold yeah yeah yeah
like we're pure of heart knowing that
some massive percentage of them were not
pure of heart and of course they all
start selling in the end and it crashes
down it's like a St don't stabbing your
neighbor in the back kind of thing yeah
exactly it's like one of those games
where it's like okay how long can I get
people to believe that that I'm really
in this that I really believe in it and
get this thing going but everybody
ultimately is there to make money so
everybody knows at some point I'm
actually going to sell this thing uh and
can I play that game well it it is
utterly fascinating it triggers the
gambling video game playing like all the
things getrich quick to your point about
that this is one that we are really
going to have to Grapple with because
this is the you're encountering the
architecture of the human mind and this
is just the way the mind works and
people people want to gamble and people
want a chance and people love getting
caught up in it it's the same reason
that people gamble on a basketball game
because now it makes a game more
interesting because there are Stakes
it's like your everyday life you have
this little thing that you can do that
you can check on your phone every now
and then that gives you this tremendous
dopamine rush
and yeah we're going to have to contend
with this culturally because you're
going to see wealth come and go it will
get accumulated into the hands at last
checking admittedly this was probably a
couple years ago the last time I looked
at this but it was if these numbers
aren't literally correct they are
directionally correct 5% of wallets
capture 95% of the economics so you're
going to get the same thing again we're
a small group of people who maybe are in
Telegram and WhatsApp groups that are
pumping these things more intelligently
than you so they know when they're going
to go up or go down those guys get out
it becomes the cascading effect of uh oh
the real influence here is gone then
everybody scramble cells and the people
that you know had the audacity to go
take a shower and didn't see that this
started to collapse uh don't get out
they're left holding the bag and on a
long enough timeline across Enough meme
coins they they end up losing Y and so
at some point people are not going to
feel good about this anymore and there's
going to be some kind of backlash I
don't know yeah and I mean the broader
question too kind of going back to what
you first were talking about is like is
that the reality is people are doing
that more than investing in stocks now
to and you know you get say you get your
paycheck every week you get $1,000 to
play around with you got two options do
I put it in the stock market or do I try
and turn it into 20 grand 50 Grand 100
Grand in meme coins uh we saw this
probably like five like three or four
years ago with sports betting and now
sports betting has become like we we've
been going towards a more
degenerate world like it's so clearly
obvious you know Sports spending now
becoming legal you now can kind of bet
on anything with these prediction
markets which is a whole another world
that that got big because you could bet
on the election last year um that's only
going to get bigger and that's going to
become more and more widespread because
it's going to uh be democratized through
the brokerage accounts and you know you
can make you can agree with it or not
but it is going to be happening this
idea of going towards a more and more
degenerate world is fascinating and what
we are trying to do with autopilot and I
think like I get personal about this is
because I think that path is wrong I do
I firmly do not believe fine wrong why
wrong because I don't think that it sets
that individual up for like the
long-term success of what they actually
want to do and whether it's education
that solves that whether it's regulation
I i' probably don't want it to be
regulation education May kind of help
with that my solution to it is
technology but when I say kind of what's
wrong with it is I firmly believe 10
times out of 10 an individual should be
taking that pay check and putting it in
the active stock market and investing in
something that has a tangible ability to
grow with you as opposed to kind of
gambling it and trying to make a lottery
ticket and more chances than not you're
going to lose money on it okay let me
run a thought experiment with
you if you knew that um people would
make the exact same money for themselves
by yoloing and meme coins that they
would make in the stock market over a
20year period would you care anymore
about which path they
chose if the end result is the same well
one end result is the same they will
make the same amount of money but that's
the only variable I'm going to allow you
to check and then you have to make your
decis kind of yeah so I mean in that
scenario I don't think this is an issue
between the investing in the stocks I
think they're the same if you're ending
up at the same end goal 20 years from
now you end up with the same amount of
money or maybe not even well at the end
at the at the end if you're making the
same amount of money I think that is
fine I think the the problem with that
is the people don't make money in these
meme coins to the same degree that they
can make money in the other alternative
which is the stocks the active investing
yeah yeah no I get that I just wanted to
see if you have any other reason why
you'd want to see people migrate away
from meme coins into the stock market so
I do so I am I am more and more
convinced as I spend time live streaming
that I I am the old man tilting at
windmills uh but I really want people to
understand how money works here is why
meme coins should be legal people should
be able to do whatever they want with
their money because I have just an
overriding thing that that is your
[ __ ] money and if you want to sit in
a circle and light it on fire that is
your business and nobody should get to
tell you
otherwise uh having said that I would
still want to see people invest in the
stock market not that they should be
forced but I would still want to see
people invest in the stock market
because h of how money actually works so
I don't think people understand why the
public markets exist the reason the
public markets exist is companies are
making a tradeoff with potential
investors they're saying look I want to
build this company but I don't have the
capital to do it oftentimes just cash
flow in and of itself like you might be
profitable but the amount of time do you
have to outlay the cash into the
ingredients in my case making a protein
bar or somebody else the car parts
whatever it's just the lead time is so
long even though you're wildly
profitable you still have to borrow
money in order to cash flow out the
length of time you need to so hey dear
Public Market I'm going to let you own a
piece of my company which is going to
let me actually go build this thing and
that's going to Advantage us both I'm
going to be able to create the
self-sustaining economic engine and
you're going to be able to make money
off the back of that if if I'm able to
pull this off now I may not be able to
and that's why I call it gambling but if
I'm able to pull this off then you're
going to get money and I build the thing
now the reason I really care about that
is I think people lose sight that when a
company is able to aggregate Capital
they are able to make something that
makes the world better and you need to
only look back in time and go oh wow we
used to die really young even if you
just grant me that that we've figured
out ways to for instance deal with
microbes cool very advantageous what is
the mechanism by which you get that
level of innovation and the answer is
the aggregation of capital you make
enough money that somebody doesn't have
to go work on a farm they can instead be
a scientist in a lab looking at a thing
or maybe you just like air conditioning
and now you can actually live in Florida
and not hate your life so uh or you can
survive a winter in Germany because you
have a heater these are all
technological advances that were born
out of people innovating with companies
take coal mining if you look at the
graph of the reduction in deaths of coal
mining it drops by it drops from let's
say 100% all the way down to like 10% of
what it was before the first safety
regulation okay so what dropped it all
the way down it was just commercial
Innovation it was like oh man replacing
all these coal miners that keep dying
sucks and so businesses spring up
creating these innovations that are then
able to keep people safer has a kind of
selfish act towards just building this
economic engine and
so if people understood that they would
understand the thing that I'm worried
about which is because we are inflating
the money supply and that is an
oversimplification but it is so
directionally correct if I could just
get people to understand okay that whole
thing that I just laid out this this is
how you have modern society and why moms
don't die in child birth okay and a
whole host of other things but modern
society is brought to you by the
aggregation of capital leading to
Innovation when you start inflating
money what you end up doing is you
derange the system and now people are
forced to gamble in some way now if you
were only forcing them into the stock
market okay you still have wealth
inequality that's going to Rampage out
of control uh which is what's happening
so wealth inequality brought to you by
inflation people think it's something
else it's inflation uh but now what
we're seeing with these these younger
kids Is MeMe coins brought to you by
inflation because they're forced to
gamble but they see all the corruption
that you've been pointing out in the
stock market so they're like well that's
a little slow anyway and it's corrupt
don't love that so let me do this other
thing which is effectively sports
betting with no sport or it's the blood
sport of culture Y and I'm just like man
now there's not that secondary effect of
oh you're also leading to Innovation U
mcoin is not going to lead to Innovation
so so that makes me not just sad that
makes me extremely worried I will be
dead I'm already rich and yet I'm the
one banging the drum trying to get
people to understand I get why you're
mad but just being mad is not going to
make your future better and so now at
some point and um Dear Community of
mine they they need and want to be seen
for the emotional distress that they are
in I see you I hear you I feel it I get
it but you can do a thing now that will
allow you to get out of that dark place
but to do that thing you have to piece
together how does the world actually
work if they can build that up and go oh
okay cool I get how this game is played
then they can lo Lobby for the right
changes to uh how we handle politics
then they can put their money in
something it's slower it's maybe not as
cool uh but it will build their wealth
while allowing them to invest their
values but to invest your values you
have to know your
values okay one I'll put a period there
and see if you any if you can tear any
of that down please I want to get
smarter yeah so I think there's two kind
of pieces of that where uh I guess I'm
on the other I'm not only on the other
side of the fence with it but um the
idea the uh investing is purely gambling
if you're going off of um like if I have
if I have $100,000 and like I think the
meme coins is kind of what I'm getting
at with the difference of them if I have
$100,000 and I can invest in meme coins
or maybe not 100,000 that's a lot
$10,000 invest in meme coins or invest
in stocks as the the markets um the end
goal is still the same you could still
end up with same amount of money I think
like the real the reality of these meme
coins coming in as a new form of
gambling is so blatantly obvious there's
no utility to it there's it's all just
scamming and it's all just doggy dog
world get in get out as fast as you can
but the upside of it is it represents
your ticket it represents your your your
Willy Wonka ticket you know you can get
out of wherever you are and you can go
and buy you know a house if you make
because you see people making hundreds
of thousands of dollars with luck
on the the stock market side like I
don't the idea of it being purely
gambling I think there are a lot of
elements of it that are gambling with
especially you know some of these
options contracts things like that that
becomes more and more of a a gambling in
my opinion but investing in you know the
future that you want kind of going off
of your argument of you know I want to
invest in this AI genetic company
because I think it's going to cure
cancer if I got $10,000 and I'm not
investing in that
company and investing in the future cash
flows this and that I don't necessarily
see it as gambling and I don't think it
is the same kind of psychological uh
framing of it as the meme coins because
I am investing and I supporting and I
want that company to win but I also am
going to reap the benefits I'm going to
uh protect myself against inflation I'm
going to kind of do this and that how um
why do you think that the pure kind of
investing landscape is gambling are you
saying it's gambling against inflation
and you know maybe this one AI genetic
company is going to crush it while the
other one doesn't that's kind of the
gambling between the two like how do you
how do you differentiate the gambling
with meme coins and the gambling with
the market if it's not investing in
companies that you kind of believe in
gambling has a definition and the
definition is roughly uh to take risky
behavior for a desired expected outcome
so the stock market by that definition
is just simply gambling it doesn't meet
any other definition you are saying I
think this company might make it uh
there's no guarantee that that's true so
it is risky Behavior Uh for a desired
expected outcome which is that it goes
up in price and I will be able to sell
it to somebody else this is why you're
not actually rewarded financially unless
it's a stock that pays dividends you're
not rewarded financially for holding it
uh you are only rewarded financially for
selling it and the sales price is not
based on fundamentals it is based
entirely on sentiment so now this isn't
even does this thing continue to make uh
the amount of money that it was making
when I first bought into it it's what do
people believe will be the future state
of it even if that wasn't true it's
still gambling that the price is going
to go up I I'm I have learned my lesson
that uh getting people to accept the
notion that it's
gambling probably doesn't matter the
reason that I bring up the gambling is
because I think it is immoral to print
money precisely because it forces people
into asset purchases because you have to
be in an ass protect yourself against
the inflation corre comes the bad news
is that there's risk the place where
there's effectively no risk it's not you
can never get to zero because somebody
could rob you but the ability to save
money to me I believe the government has
a moral obligation to create a system in
which the the average person can simply
not spend their money and they will be
able to retire and right now you're not
in that position inflation even if you
save every dollar Beyond just the
absolute things you need to
survive uh the value of those dollars
will be inflated away such that you'd
never be able to stop working that's
immoral to me um I am so desperate to
reorient the world to that immorality
that they
will understand that assets are just
confusing enough that if you're right
40% of people don't do it Y and so once
you say 40% of people are just [ __ ] um
that that is not a world I'm comfortable
living in so I'll continue to beat the
drum I don't need people to get on board
if people want to say Tom is not
gambling fine I'm not going to spend my
time arguing there I just want to say
can we agree that to keep up with
inflation you have to own assets 1,000%
yeah as long as people agree with me
there then I'm just like okay well now
can agree that that's immoral if they
won't agree that it's immoral then I
have to press the angle on okay but this
is risk and so all of those people could
end up in a really terrible position
anyway but that that's I'm just trying
to get people that far yeah and I think
like so going back to kind of what I get
passionate about is like I see like what
we're doing kind of even thinking about
the gambling because set the meme uh
coins aside um your argument is actually
valid too also in the fin fincial world
and this is the argument of passive
versus active investing should I take my
money and gamble on these individual
stocks or should I take my money and do
the least amount of quote unquote
gambling and put it just in the broader
S&P 500 what we're trying to do and this
is again like the cultural shift that
we're seeing is the majority of
Americans human psychology they will not
go off and just put all their Mark money
in a S&P 500 passive just say hey guys
this is going to to turn into $2 million
in 30 years
if if you know we keep the same averages
of growth we've had in America for the
last 30 years and we grow 6% on average
every year you know there's a big kind
of like everyone's just assuming that
America is just going to continue
growing at this pace and then in 30
years when I'm 60 and it's 20
65 Apple's going to be worth $2 trillion
as opposed to what it is now and yes the
argument of inflation will come in and
inflation will naturally drive up the
the market as well um the good kind of
tidbit and maybe you know the
information on this is um if you take
out uh uh inflation adjusted Returns the
market is roughly flat over the past
like 15 years so your argument of like
even if you're investing in these
companies they are not providing and
they are not creating any extra value on
an asset based price besides just the
natural inflation that is happening with
the broader um uh monetary Supply so you
have to be invest in something you have
to be invested in the stock market with
what we're trying to do kind of even
with autopilot it's trying to capture
this like cultural phenomenon of okay
you have to invest in individual you
have to invest in the stock market and
you personally are going to try and
invest in individual stocks you are
going to try and buy the companies you
like you're going to try and gamble on
you know this company versus that
company the majority of it though again
it's a doggy dog world it's not
necessarily rigged for your emotion to
buy and hold forever because the
majority of people don't do that you end
up buying high at the top cuz you read
about it on Instagram and you end up
selling low because you think the world
is ending and then you end up buying
high and selling low and the hedge funds
and the whole monetary the whole Wall
Street knows this about you and they are
rigging the systems to make these
volatile fluctuation swings to play with
your emotions to make you buy high and
sell low what we're trying to do in
again this is why the meme world is just
so much harder to kind of get people to
partake in it but do it more responsibly
and more uh less pure YOLO lotto ticket
is with our app you can go in and you'll
be able to this is where the future of
where I think active management goes is
you can go in and say you got 10 grand
instead of you having to go and make the
decision of I have to buy individual
stocks because I still need that upside
I still need to find the nvidias of the
world I still need to find Apple when it
was a billion dollars and it turned into
a trillion I need to find paler when it
was $19 and now 80 I have to buy these
stocks but I don't know how to do it my
emotion drives me nuts it makes me sad
and I just am so kind of sick of it I'm
not going to try it I'm just going to go
and play the YOLO meme game I know I
should be playing that game but I'm
going to play this game because it's
easier I understand if you're in early
you win if you're not you lose much
easier to understand than watching paler
go from 20 to 60 to 40 to 80 to 70 it's
just too hard to play that game with
what we're doing with autopilot is
you're trying to build out a Marketplace
of high quality active investment
strategies where instead of you making
the decisions on your own you can come
in and you can find a high quality guy
you can find someone that you trust you
can find this proven active investor and
say hey I'm going to take the entire
burden of stock picking and I'm going to
give it to you you deal with those
day-to-day swings I will just passively
watch and you tell me the commentary of
what's going on but if we're winning
together let's go love it we're up if
we're losing together oh we all lost
money but at least it wasn't me having
to deal with the mental decision of [ __ ]
I lost myself money instead of like oh I
was following someone I trusted more and
they lost me money I can kind of live
with that and I think that is one of the
early Solutions where we're still early
with this we aren't there yet this is a
brand new market this is a brand new
category but I think it's the next step
of where we are going as a society and
how to get people to do what they want
in the meme cing world but do it in a
much more responsible way where they are
not losing 99% of their money and they
are still partaking in the system but
doing it with a uh with protection
against it and I think like so this is
where again I get passionate about it so
I'm rambling here but uh the Pelosi
tracker I think represents that well
where when people were going in yes you
can follow her the corruption it's
ridiculous it's horrible but if you take
a kind of step back it's you as a user
as a investor you know you have to
invest in the stock market Market it
sounds pretty reasonable to go in and
just do whatever that person does she
just happens to be the third most
powerful person in America and
absolutely crushes it and passes laws
that benefit her stocks that's awesome
sounds pretty reasonable to invest and
do whatever that person does because
when they go up you love it you love it
you're happy with it but if they lose
you money you are not panic selling
you're not going out selling on the
bottom saying oh my God the world is
ending because you're sleeping at night
saying like Okay I'm down 10% but
the third most powerful person in
America the one passing all the laws is
also down 10% that sounds much better
I'm going to hold I'm going to keep
going and that I think is how you get to
the end goal of having a less degenerate
Society having more people actively
invested in the stock market and
protecting against you know this whole
world of the inflation to come because
the first principle of what you're
talking about is 1,00% correct if you
have your money in your bank account you
are going to lose and you can even put
it in your five high yield savings
accounts you're still going to get taxed
on that stuff you probably don't even
know you're getting taxed on those
monthly uh interest payments you're
still going to lose you need to have
some sort of money in asset
inflating
Securities that is the stock market
that's the best thing we got right now
and everyone should be doing it that's I
think like where I want us to go and
that's where I'm trying to push us as a
society to say get everyone get involved
in the stock market oh you don't want to
make the decisions on your own perfect
we have an app let you connect your
personal broker and then you just follow
the person that you want to invest
alongside and you let them do the
picking for you it's no there's no
simpler easier way to do this why are
you not doing it because oh by the way
if you don't do it inflation is going to
eat at your buying power and you are not
going to be able to buy your Chipotle
Bowl because in 10 years it's going to
be worth $18 instead of 12 yeah so no
that that part of what you guys are
doing I think is utterly fascinating we
live in such a socially connected world
where it's like hey I'm following
someone like unusual whale
and if that guy is able to get a vig off
the people that follow him it's
basically taking the model that has
historically only been available to
people that have a lot of money and can
get the attention of people like this
and it's like this whole new crypto
class of like almost cyber Punk type
guys who are like hey I'm going to be
doing this thing anyway if you're on a
ride of my coils I'll be very curious to
see how people respond though when their
money's down and it's just one guy that
you can like look at and be like yo uh
we'll see about that um I want to talk
more about investing based on your
values so one of my hobby horses is we
are in a cold war with China uh Lord
knows I hope that this never becomes a
hot War but we need to be at least
prepared for that um when you say invest
based on your values what value set do
you mean exactly I firmly believe and I
think you were saying it earlier uh your
money builds the future that you want
whether you're like it or not if you
have $10,000 and you're putting your
money in
Apple your $10,000 is helping Apple
build out the future that Apple wants if
you want the world to kind of if you
align with what Apple believes in you
should be happy because it's like my
money is supporting Apple my money is
building out the future of what Apple
wants taking a step back say I got
$100,000 and I got my retirement account
I want to invest in Pro America I think
everyone in this room everyone probably
listening for the most part if you are
American you benefit your incentives
align with a better America means
probably a better life for you you know
we got autonomous vehicles coming soon
we got Robots coming soon we got AI
coming soon this is a great future if we
do it right and whether you agree with
that future or not you might want to
take some of your money and invest
alongside some of those companies that
are building out the future that you do
want where this gets
tricky is kind of the the broader point
that you're talking about with with
China with our adversaries with even
like whether it's kind of political
powers or even just socioeconomic things
it's if I have a $100,000 with the
financial adviser or I'm investing on my
own I can invest in Amazon which is you
know the American e-commerce giant or I
can invest in Alibaba which is the
Chinese e-commerce giant which one do I
want to follow which one kind of aligns
with the future that I want a better
Amazon probably leads to a better
American future a better Alibaba
probably leads to a better Chinese
future and if you are in the agree
of a better a more stronger like a
stronger China creates harder problems
for America theoretically you should not
be investing in supporting that Chinese
company because your dollars are helping
build China or your your dollars are
helping build Alibaba which is making
China stronger that is like what we are
trying to do and where I also get
passionate about is like I firmly
believe that your money should build the
future that you want and you should have
those investment decisions and you
should make sure that every dollar that
you have invested in the stock market
aligns with the values in the future
that you want if you are anti-oil you
should not have you know some of your
money investing in um Exxon and mobile
and some of these gas companies if you
are
anti- I don't know if you're like anti
uh topic conversation now if you're
anti- Elon you don't like what elon's
doing you know you could be saying all
these things but like at the end of the
day if you are having money invested in
Tesla
you are going you are helping build
Tesla it is in it's not aligned with the
the values that you personally have and
I think a future where you can make sure
that your money builds the future that
you want is a future that gets more
aligned with the individual and is
probably better for the society as a
whole and I the thing that people don't
understand is like a lot of people do
have money with probably companies that
they don't believe in I don't know how
you if you manage your own money if you
have financial advisors but my aunt for
example she has has money with her
financial adviser her financial adviser
was investing in Alibaba they had x
amount of money in the Chinese company
because they believed that you know
alibaba's undervalued let me go make
money let me go do let me do this with
it which is his job I guess but if you
were to tell my aunt that I bet you she
would not want that I bet you she
personally would be like look invest my
money manage it but don't put it in XYZ
companies because I don't want my money
to support them I would rather have
those same dollars and go support
something else you know yes you know
swing trading you know maybe you think
there's a technical analysis on the
Alibaba chart you put $1,000 in you try
and swing it up to $1,500 you make 50%
you get out of it like that I think is
fine like I I don't see any problem with
that but the long-term idea of taking
your 401k and having it support
companies that you don't believe in and
align with your values I think is a
problem and I don't think there's any
product out there that is really solving
that just yet yeah it'll be very
interesting to see how popular that is
and then what what that does to the
landscape of whether it's American
companies or global companies it'll be
very interesting uh I have a feeling
ultimately people are probably more
motivated by where can I make money uh
and so they're going to look for the hot
thing and I hate Elon but boy you know
he makes a nice car and so I expect that
stock price to keep going up we will see
what do you think is going to be the
effect of AI in the way that people
invest I think that AI is going to have
a lot of kind of aspects in the
individual trading kind of like me
managing my own money uh I can talk to
an AI I can have it give me insights I
can have it give me feedback into my
portfolio I can be like if I'm about to
sell you know for example um there's a
short-term capital gains and long-term
capital gains if you own a stock for
over a year you get taxed 20% if you
sell it if you own a stock under a year
you get tax 40% so if you're about to
sell Apple in your mail to make $1,000
but if you hold it in another four days
you're about to you could sell it after
those four days and you're get to get
save 20% on taxes maybe AI there's an
experience where AI can tell you and
just be like hey by the way if you hold
it for four days you will save 20% on
taxes and me as an individual like I
love that like oh I had no idea I didn't
I wasn't I'm not deep in this enough to
know those nuances be on top of this to
that degree I think AI will drastically
improve the education around around how
to not lose in the stock market for the
individual investor on the actual kind
of like broader range with you know deep
research things like that I think that
is going to drastically help it as well
but that is more in like the equity
research the people that are doing the
active um uh studying of the companies
that's going to change their industry
probably drastically but for the
everyday individual investor I think
it's going to make investing easier I
think it's going to make it more um
educational and probably better because
they the AI will be able to help you in
situations where you would not have
known if you didn't have them yeah I
think AI is going to absolutely change
the game from uh the way in which AI can
recognize all the patterns the changes
you talk about a swing trade like that
kind of stuff being able to alert you
based on either an algorithm that
somebody like I imagine a world in which
unusual whale is publishing his
algorithm and so it's like okay there's
there's my base but can tweak it as you
see fit uh yeah that's going to be so
and we we have this now um we have we so
with autop pilot we have the Pelosi
stuff the politicians where you can go
and invest alongside them but we are a
Marketplace of active investment
strategy so you can go in and you can
follow in usual wh strategies we have
other strategies but one strategy we
have is by a pilot um named Dr Lopez
he's an AI expert PhD from [ __ ] wrote a
book on how to use chat gbd to pick
stocks we worked with him to create an
stock picking prompt where we use uh GPT
4 4.0 and we have it every month pars
through 200 plus um stock um
fundamentals you know the reports the
reports things of that nature couple
that with macroeconomic data couple that
with um the the month uh the prior
month's uh stock news headlines use chat
gpt's API and then have it create a
scoring system where it picks 15 stocks
and then we take those stocks we publish
it on our app and then people can go in
and invest alongside those strategies
year to date that thing is actually
outperforming the market by around like
six or 7% I think it's up 3% while the
broader Market is down 6% I think I
checked that yesterday that strategy has
$40 million following it and it's great
it's popular because people are like can
this thing do it it's so much easier to
just let an AI algorithm do it for you
we then took it a step further and we
were like chat GPT is cool how did the
other strategies how did the other uh uh
platforms do so we now have a deep
search we did the same prompting right
using the same apis but we are now using
the the AI platform of deep search which
is the China one the one from Alibaba I
think and they that that we created a
deep search portfolio so now we're going
to see which one of of the the platforms
are smarter we then two weeks ago
launched the grock portfolio so now we
got a portfolio with grock grock is
picking stocks and each of them choose
different stocks so it's really really
fascinating to see and I think to your
point the broader question is it's like
can it pick stocks better than hedge
funds you know we'll have to see um on a
long enough timeline I guarantee it yeah
and this is I get very excited with the
AI stuff uh just based on that and I
mean you could take it a step further
like we can create algorithms
where you can have it pick do everything
that we just talked about but say go
find the diamond and the rough companies
go find the companies that no one's ever
really talking about go find the
companies that you know based on what
Trump is talking about with tariffs and
talk and working with zalinsky on some
mineral D deal is there a stock out
there that will benefit from this and it
does its research and then it spits out
five or six random companies you never
heard of and it's like you know there's
a company called ALB why is ALB
interesting why does that have some um
insights into what is going on with uh
Trump and zalinsky and all them oh it's
because like 60% of their uh
construction and their them taking the
utilities out of the ground is happening
in Ukraine so if Trump signs a deal a
mineral deal with Ukraine that stock
clearly obviously will benefit and you
know the stock goes up 5% once that deal
is signed I think that's also where AI
will drastically help it will find
diamond and the rough companies at the
average everyday person person just
can't find and won't have the time to do
the research on their own this is a wild
future man you guys really have your
finger on something this is extremely
interesting uh Chris if people want to
follow along with you where would they
go so on Twitter it's probably where the
biggest my personal Twitter is Chris J
Joseph's uh the Pelosi tracker Pelosi
tracker just at that I think that is
probably the best spot to see us where
we exposing the corruption we're trying
to get them banned from Trading again
that so any support on that is great on
uh our main socials for our autopilot
it's all join autopilot that's on
Instagram Tik Tok and Twitter so you can
go follow us all there and then if you
want to support the cause if you want to
kind of check out the app you can do it
it's all free the only payment part of
uh our app is paying for the
subscription to get the automated
trading but you can go check it out all
the performance numbers are there it's
just autopilot on the App Store I love
it all right everybody speaking of
things I love if you have not already be
sure to subscribe and until next time my
friends be later legendary take care
peace if you like this conversation
check out this episode to learn more
Trump has just come into office do we
think or I should say do you think as we
may see this differently do you think
that Trump is um somebody who has the
elite view of like hey the right people
are in power let's make