TONY HINCHCLIFFE: "The combined net worth of the four hosts (of the All-In Podcast) is over $3B. You guys realize you don't have to do a podcast right?"
DAVID SACKS: "JCal does."
OHHHHHHH 😂😂😂🔥🔥🔥
Stock market all-time highs and rate cuts, with AI accounting for a big chunk of GDP growth, along with increasing layoffs and college graduate unemployment, with the looming prospect of AGI upending the world as we know it.
This is the future - binary.
99% of people (and their descendants) will be in the permanent underclass, while core asset values continue to rise and first class cabins and 5-star resorts are busier than ever.
It's never been better to be at the top...
Hermes ↑ 5% YTD
LVMH ↑ 9% YTD
Cartier/VCA ↑ 29%
Wynn ↑ 40% YTD
Ultra high-end real estate ↑ 10% YTD
The mid market is getting battered...
Nike ↓ 13% YTD
Lululemon ↓54% YTD
Chipotle ↓48% YTD
Caesars ↓39% YTD
Median real estate ↓0-10% YTD
The future will be Patek Philippe at one end, and Walmart at the other... and nothing in between.
This is partially why real estate in 2nd tier, aspirational cities like Austin, Nashville, and Sarasota have gotten smoked this year.
Oops!
I can only imagine what that land is worth today!
Lesson: if you get an absurdly low offer to buy beautiful land in a beautiful part of the world, scratch and claw the money together, could change the trajectory of your family!
cc: @CarolWalshReal1
Get ready for disinflation in Australia and NZ as China, Vietnam, Europe and everyone else blocked by US tariffs dump their goods at cheap prices on our markets! Rates will come down!
Luck =
High energy
In the right place
Around the right people
Producing more than consuming
Avoiding any and all distractions
Able to manage multiple interests
High agency and self-educated
Doesn't quit after one mistake
Luck is a lifestyle