Breakaway - Investing & Finance
Breakaway from the haters and mainstream thought. Learn about Investing, Finance and the Economy in a plain english and entertaining way. Understand the business environment and make money investing. Uncertainty in the markets driven by crisis, anarchy, politics and craziness is simply opportunity. Facts and truth here.
Breakaway - Investing & Finance
Markets, Netflix, Tesla, AI, California, Fraud
Opening
Reformer Machine Workout at YogaSource in Los Gatos.
Indiana. Fernando Mendoza is a truly special.
Markets
1 Year: VGT/QQQ 17%. S&P 500 17%.
2025: 1 yr and 10 yr
QQQ: 20.8% and 19.4% = $100k > 620
VOO 17.8% and 14.8% = $100k > 400
VXUS: 32% and 8.5%
Gold and Silver. Great year. 77% and 200%. That’s 3x.
IBIT and Etha: Down 14% and 10%.
Netflix
- Great earnings call.
- 17.6% YoY revenue growth, better than Q4 2024 of 16%.
- Warner Brothers Acquistion is huge overhang. It will help them:
- IP. Harry Potter, DC Comics, Game of Thrones, Matrix, Sopranos, Succession, Lord of the Rings. Barbie
- HBO!
Lemonade
HIMS.
Tesla
- Autonomous. Finally pulling the driver out in Austin.
- No longer able to buy FSD outright. Needs to be subscription
- Lemonade cutting premiums by 50% if you drive a Tesla with FSD. Important implications for all car insurers.
Humanoid Robots
- Yes Boston Dynamics and many others particularly in China are great, but…
- Manufacturing, Software, Hardware, ….
XAI
Will have more AI compute than all others combined in < 5years! From Elon
The Colossus 2 supercomputer for @Grok is now operational.
First Gigawatt training cluster in the world. Upgrades to 1.5GW in April.
I’m using Gemini and Grok. Perfect combo.
SpaceX
SpaceX will be ~99% of all Earth payload mass to orbit
- I think there will be an allocation to Tesla LT shareholders.
- Could be $1.5T, but could go to $10T.
Politics
Wealth Tax
- Wealth Tax. 1 time 5% on Billionairs.
- No limitations on quantity or $ limit.
- Play Ben Horowitz on wealth tax.
- More taxes is not the answer. Eliminate Fraud, waste and abuse!
- Billionaires ~$8T, everyone else $170t.
- The two Google founders per Gemini represented 23 percent of the aggregate billionaire wealth in CA. Throw in Peter Thiel and well over 30 percent is gone
Video here. https://x.com/bennyjohnson/status/2014785916083020062
$23m
- $125k Rover seized
- Home in Greece
- Mansion in LA
Balance the Budget State Audit Report here
Budget Summary
.05% of Californian’s or ~8500 people making over $10m per year pay 25% of the personal income tax liability.
1% of Californian’s pay 49% of Personal Income Tax. $54 billion
Companies moving out of California
Recommendations:
- Rogan
- Bradley Cooper
- Ben Affleck and Matt Damon
- Ethan Hawke
- Tim Ferris and Bill Gurley