Oregon Ducks, 529s, Nvidia, XAI, RoboTaxi, NFLX, Crypto

Bettina's Fall/Winter 2024 Fall Fashion Show

Oregon wins 32-31 over Ohio State

Exploiting loophole in rules. NCAA to close loophole. 

• In the National Football League, the clock reverts back to the original time on a 12-man penalty — that is not the case in college football.
• 10 seconds to go. 3rd and 25. 
• Put an extra defender on field. Then either:
  • (a) Buckeyes make a play and decline penalty. Or 
  • (b) Penalty accepted, and 4 seconds off clock. Only 5 yds gained. 
• Now only 6 seconds on clock and need 10-12 yds to make field goal more realistic. 
• Time more important than yards. 

529 Plans and Markets

• Fidelity or Vanguard. Done. 
  • Wealthfront: couldn’t find the underlying portfolio holdings? 
  • Holdings are WAY too conservative. 
• 6000/month &6% or 7&7. Gets you between $200-$250k. 
• 529 Rollovers? 
  • Can’t roll it all to a Roth. $35,000 lifetime. 

RoboTaxi - We-Robot Event

• Elon key note. 
• Stayed in LA at Burbank Hotel. Nice. 
• Elevator operator analogy. 
• Cyber Cab unveil. Below $30k. No wheels or pedals. Production in 2026 (optimistic). 
  • Inductive charging. No plug. 
• Fully autonomous unsupervised FSD in CA and Texas in 2025. Model 3
• Van that can carry up to 20 people or packaging. 
• Optimus
  • Serving drinks and interacting with everyone there. Rumor is some human involvement. 
  • My interaction with Optimus. Sub-optimal
  • Should cost $20-30k. 
  • Still thinks it will be biggest product ever of any kind. Everyone will want an optimus “buddy”. 

Nvidia and XAI:

• Jensen Juang on Brad Gerstner Podcast. 
• 100m AI assistants to aid his workforce. 
• Jensen talking to Brad: https://x.com/ajtourville/status/1845481395625304331?s=51&t=YUkdoBz4yNifBaQlQUp3-g
  • “Never been done before – xAI did in 19 days what everyone else needs one year to accomplish. 
  • “Easily the fastest super computer on the planet”. 
  • Normally 3 years to plan and 1 year to set up. 
  • That is superhuman – There's only one person in the world who could do that – Elon Musk is singular in his understanding of engineering.” 
• From Pierre Ferragu

Hiive

• Can buy SpaceX and XaI there. 
• Sometimes with major conditions, like annual fee and “carry” of 10-20%. 

Netflix Earnings: Strong. 

Crypto

Best asset class returns in 5 and 10 years…not fair to go back further? 

• How much to own? 
• Why? 
• And where to hold it/ how to invest in it? 
• IBIT and ETHA.
• Tight correlation to underlying assets. 
• Managed by iShares/ Blackrock, so probably good controls in place. 
• Fees are reasonable.

Recommendations:

• Wife: Citadel Diana on Amazon