Graham Wills

[Graham Wills @gtwills__]

@jam_croissant @DonMiami3 What’s next?

[Patrick OShaughnessy @patrick_oshag]

My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time.

He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100% of his returns are alpha.

He says today's market has so many similarities to 2000, "the easiest bear market I've ever seen in my whole life."

He makes the case for going long dollar-yen, why Bitcoin beats gold as an inflation hedge, and why he was wrong about Warren Buffett.

But what I'll remember most from this conversation is Paul's zest for life. He's 71 and still wakes at 2:30 every morning to trade the London open. He works out for two hours a day. He walks with his wife every evening. He travels the country chasing peak spring and peak fall. He's so excited about the songs picked for his funeral that he wishes he could be there to hear them.

Paul has lived five lifetimes in one. He's one of the most entertaining and interesting people I've met, and the conversation will leave you searching to be as passionate about what you do as he is about what he does.

Enjoy!

Timestamps:
0:00 Intro
1:00 The Kindest Thing
13:19 Trading vs. Investing
17:33 Lessons from Warren Buffet
22:24 The Existential Risks of AI
29:54 The Nature of Trading
31:46 Bitcoin
35:55 Bubbles
42:08 A Day in the Life of PTJ
46:00 Information Overload
47:07 Passion for Markets
50:49 The Robin Hood Foundation
54:18 The Workless World
56:03 Journalism
1:00:00 Principal Components of a Great Life
1:05:06 Kill Them With Kindness

[Bill Ackman @BillAckman]

This is incredible. Worth two minutes.

[Camus @newstart_2024]

Roger Federer broke the internet with one statistic that will change how you see every setback in your life.
1,526 singles matches.
Won almost 80% of them.
20 Grand Slams. 103 titles.

Now answer honestly:
What percentage of total points do you think he won across his entire career?
70%? 65%? 60%?

Try … 54%.
He lost literally almost EVERY SECOND POINT he ever played for 24 years.

And still became one of the greatest of all time.

Watch him explain it himself (2:07 of pure life-changing wisdom):
“In tennis, perfection is impossible… When you lose every second point on average, you teach yourself to say:
‘Okay, I double-faulted — it’s only one point.’
‘Okay I got passed at the net — it’s only one point.’
Even a screaming overhead smash that ends up on SportsCenter Top 10… still just one point.

So when you’re playing your point, it has to be the most important thing in the world.
The moment it’s over — it’s behind you.

That mindset frees you to attack the next point, and the next, and the next with absolute intensity and clarity.”

Then he looked at the crowd and said the line that hit a billion people in the soul:
“The real sign of a champion is not that they win every point.
It’s that they lose again and again and again… and have learned how to deal with it.
Negative energy is wasted energy.
Cry it out if you have to. Then force a smile.
Move on. Be relentless. Adapt. Grow.
Work harder — and work smarter.”

Save this post.

The next time you lose a deal, bomb a presentation, get ghosted, miss a deadline, or just have “one of those days” — come back here and read it again.

You’re not falling behind.
You’re just in the 46%.
And the 46% is exactly where every single legend has spent most of their career.

Keep playing the next point.
(full 2:07 clip — sound on)

[Chevrolet @chevrolet]

This holiday season, make the kind of memories you'll never forget. Happy Holidays from Chevy.

[TheBronxViking @TheBronxViking]

After seeing $NVDA Q3 earnings and listening to the call we can now definitely say what we’ve already seen playing out for most of 2025:

The AI Data Center Bottleneck Is Real—and Bitcoin Miners like $CIFR & $IREN Hold the Keys 🔑💰💰💰

Nvidia’s latest earnings call made it crystal clear: AI demand is exploding, and power is the new gold. ⛏️⛏️⛏️
Training and running large AI models needs mind-bending amounts of electricity—100–500 MW per hyperscale data center, and giants like OpenAI, xAI, Meta, Google need dozens right now.

The catch?
Standing up a new 300 MW data center takes 3–7 years⏳ (permits, transformers, transmission upgrades, etc.).
Power is THE bottleneck throttling AI’s growth.🔌

Here’s where Bitcoin miners like #CIFR and #IREN come in 👇

🔸They’ve spent years securing cheap, large-scale energy and building the exact ultra-high-power campuses AI companies now desperately need, and have the blueprint to repeat the process.

🔸Instead of only mining Bitcoin, they’re pivoting—renting out power and facilities to AI/HPC customers at 5–20× higher margins.

🔸Some are converting mining operations into AI/HPC data centers or even selling power back to the grid, cashing in from both ends.

$NVDA just reported off-the-charts demand for its AI chips, with CEO Jensen Huang calling today’s data centers
“AI factories generating work like electricity,”
and projecting $3–4 TRILLION in AI infrastructure spend by 2030. 🤯
But none of this can happen unless there’s enough power to run it.🔌🪫

Bottom line: Bitcoin mining stocks with energy and land (like $CIFR, $IREN) are ground zero for the AI boom.
They’re sitting on the scarce resource (electricity⚡️ + infrastructure🏭) the whole AI sector needs next.

If you want pure exposure to the AI+energy narrative, look beyond $NVDA to the best in class miners like $CIFR & $IREN who are flipping their switch from Bitcoin → AI.

The new gold rush is megawatts.🤑

[Stock Talk @stocktalkweekly]

Nvidia CEO Jensen Huang was just asked if we're in an AI bubble.

This was his full, 3-minute response:

[Graham Wills @gtwills__]

@thekookreport .618 on the weekly

[Shay Boloor @StockSavvyShay]

The next round of names rumored to get equity stakes or direct funding from the Trump administration.

Current exposure sits in $INTC for chip manufacturing, $MP for rare earth refining, $LAC for lithium mining & $TMQ for mineral exploration.

Next wave lining up:
• Battery metals | $NMG, $NVX, $MTRN, $ELBM
• Copper | $SCCO, $HBM, $FCX, $IE, $ERO, $TGB
• Lithium | $ALB, $SQM, $SGML, $RIO, $IONR, $ATLX
• Rare earths | $USAR, $IDR, $CRML, $TMRC, $UAMY, $NB, $AREC, $PPTA, $TMC, $UUUU, $IPX
• Uranium | $CCJ, $LEU, $UUUU, $UEC, $AEC, $UROY, $URG, $DNN, $ISOU, $NXE, $EU

This is the playbook for America’s resource rebuild.

[Shay Boloor @StockSavvyShay]

WATCH THESE KEY FIB LEVELS ON THIS PULLBACK

AI Utility
• $IREN -- $42
• $CIFR -- $12
• $GLXY -- $33
• $WULF -- $9
• $CRWV -- $128

AI Hardware
• $NVDA -- $154
• $TSM -- $241
• $ASML -- $875
• $ARM -- $144
• $AMD -- $178

AI Connectivity
• $AVGO -- $284
• $ALAB -- $180
• $CRDO -- $120
• $MRVL -- $78
• $ANET -- $122

Space Economy
• $RKLB -- $46
• $ASTS -- $63
• $RDW -- $7
• $LUNR -- $10
• $PL -- $11

Nuclear Energy
• $OKLO -- $94
• $CCJ -- $69
• $BWXT -- $156
• $CEG -- $301
• $VRT -- $126

AI Infrastructure
• $MSFT -- $475
• $AMZN -- $211
• $GOOGL -- $212
• $DOCN -- $34
• $NBIS -- $89

Cybersecurity
• $CRWD -- $433
• $PANW -- $190
• $ZS -- $260
• $NET -- $175
• $RBRK -- $77

AI Applications
• $SNOW -- $200
• $PLTR -- $133
• $MDB -- $282
• $DDOG -- $136
• $NOW -- $1000

Quantum Computing
• $IONQ -- $55
• $RGTI -- $30
• $QBTS -- $25
• $CCCX -- $17
• $ARQQ -- $39

Robotics
• $TSLA -- $383
• $ISRG -- $425
• $SYM -- $50
• $PRCT -- $33
• $RR -- $5

[AST SpaceMobile @AST_SpaceMobile]

BlueBird 6 has completed final assembly and testing and is ready for flight! 🚀🚀🚀🚀🚀🚀 On October 12, it will head to India aboard an Antonov large cargo plane ✈️

We are officially kicking off our next-gen launch campaign:
• BlueBird 7 is expected to ship to the Cape Canaveral launch site in October
• BlueBirds 8-16 are in various stages of production, with launches planned every 1-2 months on average during 2025 and 2026
• On track to complete 40 phased arrays by early 2026, bringing us to BlueBird 46
• Expecting 45-60 satellites in orbit by year-end 2026

We have partnered with 50+ mobile network operators serving nearly 3 billion subscribers, supported by a flexible spectrum strategy blending our own licensed spectrum with partner spectrum. These BlueBirds will be the largest commercial satellites ever deployed in LEO – each featuring a 2,400 sq ft phased array with true direct-to-cell broadband, capable of up to 10,000 MHz of processing bandwidth and peak speeds of 120 Mbps per cell 🌎📶#5G

#ASTSpaceMobile #BlueBird6 #NextGenBlueBird #BroadbandFromSpace #ConnectingtheUnconnected

[Graham Wills @gtwills__]

@colin_gladman Trade it, 1000x it and pay it forward

[Daily Wire @realDailyWire]

Erika Kirk forgives the man who murdered her husband:

"My husband Charlie...he wanted to save young men just like the one who took his life...that young man...

I forgive him.

I forgive him because it was what Christ did and is what Charlie would do."

[ASTS Investors 🅰️ @ASTS_Investors]

It's almost time 🚀

$ASTS

[Graham Wills @gtwills__]

@thekookreport This is probably a dumb question but could we see Apple/AST partnership & X (create phone)/starlink where the MNOs become obsolete?

[Graham Wills @gtwills__]

@thisisorlando 1000000000000%

[Ozzy @ozzy_livin]

🥐 fresh crumbs

This is a bubble 🫧 ... but this bubble will not end here

In the face of record valuations, the Government can essentially provide unlimited liquidity, especially with the centralization of power in the executive branch

What I'm saying is ... UP and UP fast!

FAT right tail ⛪️ FAT left tail

@jam_croissant with @adamtaggart

Full Interview https://t.co/f96cEYQK3e

[Shay Boloor @StockSavvyShay]

WHY I KEEP THINKING I DON’T OWN ENOUGH $ASTS

So what does AST SpaceMobile actually do?

When you hear “space-based internet,” the default comparison is Starlink. But while both beam data from orbit, they’re building entirely different businesses at different layers of the telecom stack.

AST SpaceMobile is building the first space-based cellular broadband network designed to connect directly to unmodified smartphones. Every major telecom has spent decades pouring billions into towers, fiber, and spectrum, and yet half the world still lives with patchy or nonexistent service. ASTS cuts around that model altogether, launching satellites with massive phased-array antennas that act like orbiting cell towers, delivering broadband straight to the device in your pocket. No dishes. No satellite phones. No new hardware at all.

For carriers, this means coverage expansion without more capex. And after this quarter, it’s clear the company is moving from narrative to execution: manufacturing cadence is real, satellite capacity has leapt forward, and spectrum rights -- including global S-band -- are shaping into one of the most defensible moats in telecom. With $1.5B in liquidity, the buildout of 45–60 satellites by 2026 now looks funded.

That’s what makes ASTS more of a telecom company disguised as a space startup. It’s not about selling satellites. It’s about embedding itself directly into the revenue streams of $T, $VZ, Vodafone, Rakuten, and over 50 other MNO partners -- a base that already represents ~3 billion subscribers. Every deal compounds the network effect, turning dead zones into revenue overnight. Once ASTS is integrated, churn disappears. Because it’s not an add-on. It is the network.

Now contrast that with Starlink. Its model is hardware-first, customer-direct, and capital-heavy: every new user requires a dish, a router, a supply chain solution. Starlink climbs the mountain of customer acquisition one install at a time. ASTS flips the economics entirely. It defines the edge as the smartphone itself -- a device already in the hands of five billion people. One carrier contract inherits tens of millions of users. It’s not retail. It’s scale. It’s routing, not sales. And in telecom, that distinction is everything.

We’ve seen this dynamic before. $BB built the device. $T owned the pipe. But it was $AAPL that rewrote the economics, not by out-engineering the networks, but by embedding itself into them. That’s what ASTS is doing. It doesn’t need to out-SpaceX Starlink. It just needs to become the universal, carrier-native orbital layer.

ASTS is now entering stage two: commercial scale. The physics are proven. The path is about locking in distribution, deploying satellites, and monetizing spectrum across billions of subscribers. Vertical integration, spectrum control, commercial adoption, and now government demand are reinforcing each other.

And that’s why the market is re-rating $ASTS so aggressively this year. It’s no longer being valued as a speculative satellite launch story. It’s being recognized for what it is -- a telecom infra layer with inevitability building quarter by quarter. The shift from “if” to “when” is already underway, and the stock is finally starting to price that in.

[Graham Wills @gtwills__]

@princetongb W/ very little cash burn

[Shay Boloor @StockSavvyShay]

WATCH THESE KEY FIB LEVELS FOR PULLBACK ENTRIES IF YOU MISSED THE GROWTH RALLY

AI Hardware
• $NVDA -- $120
• $ARM -- $119
• $TSM -- $177
• $AVGO -- $190
• $AMD -- $114

Space Economy
• $RKLB -- $35
• $ASTS -- $40
• $RDW -- $13
• $LUNR -- $11
• $PL -- $4

AI Infrastructure
• $MSFT -- $410
• $AMZN -- $186
• $GOOGL -- $166
• $CRWV -- $92
• $NBIS -- $30

Nuclear Energy
• $OKLO -- $48
• $CCJ -- $52
• $BWXT -- $122
• $CEG -- $277
• $VRT -- $93

Cybersecurity
• $CRWD -- $322
• $PANW -- $167
• $ZS -- $216
• $NET -- $118
• $RBRK -- $57

AI Applications
• $SNOW -- $152
• $PLTR -- $104
• $MDB -- $228
• $DDOG -- $115
• $NOW -- $877

Robotics
• $TSLA -- $299
• $ISRG -- $498
• $SYM -- $31
• $SERV -- $12
• $RR -- $2

Quantum Computing
• $IONQ -- $36
• $RGTI -- $13
• $QBTS -- $12
• $IBM -- $226
• $ARQQ -- $34