Hey, order up!Small Business Saturday is right around the corner, and so is that shop you've been meaning to check out.On November 30th, support your local community by shopping small on Small Business Saturday, founded by American Express.
You made it through all the starts and stops of your tech business. And when you're with Amex Business Platinum, you can count on a network of benefits to keep going, including access to over $1,000 in business and travel value annually.
And thanks to five times membership rewards points on flights and prepaid hotels booked on amextravel.com, you and your plugged in engineers can get rewarded for working in the cloud.That's the powerful backing of American Express.Terms apply.
Learn more at americanexpress.com slash amexbusiness.
But Mike Novogratz gave some interesting commentary.So from a investing standpoint.If you don't know, Mike Novogratz says he's a billionaire.He spoke at InvestFest.He's been on Market Mondays.He said that his biggest concern was the US debt.
That was the biggest concern.He said his top investments would be hedges for inflation.If somebody had money to invest right now, he said that he was leery of the stock market long-term.He said,
crypto particularly Bitcoin coin and Solana Mm-hmm on the all coin side.Nope, and he said gold.I'm assuming old.Mm-hmm He'd said go he thinks gold can get to 10,000.Yeah There was another one.He's up Tech.
He said tech stocks for sure, but he said tech stocks is going to have a crash at some point.
And then he referenced, he was talking about, um, like all the different crashes.And he was like, he's like, there's always, he's like, there's a spike before the party's over.
And he was like in year 2000, they have fireworks that went from Japan all the way to Australia and everybody.And then the next day, the stock market crashed.
He said every great party has a hangover.
So he was saying that tech still has... He said tech still has a ride up.But he said he didn't know if it was going to be two months, two years, five years, but he said eventually the tech wave is going to fall off a cliff.
Yeah, him and Dave, I mean, these are just brilliant guys.Just brilliant dudes, man.And shout out to Mel too.Mel's a brilliant dude in his own right.But every great party has a hangover.And so the question is, well, what hour are we in in this party?
Right?Like, is it after midnight yet?And they were kind of like, I think as far as AI, we still might be in the early innings.But eventually, right?It's going to come to an end.It's going to come to an end.We just got to be prepared.
But I mean, there's always opportunities.I mean, there's so many ways you can look at it.Every crisis has an opportunity.
Well, let's take this one by one and have a group discussion.Gold's hitting $10,000 at some point.Impossibly. It's impossible.
So I would say, yeah, 10 years.Let's go for, if we go in four years, no possible.
Could it get to, that's a hell of a return to 10 years.It's 2,700 now.
I can see it getting to 5,000.That's almost three X. Yeah.Well, we have a pullback, a deep one. Absolutely in gold.
Oh, yeah in tech So, so, all right, so gold we got gold at least doubling.
Oh and What this point to tell people how to invest in gold if that's right.He said to do ETFs You could buy physical gold, but then you know, the ETF is GLD is spider We talked about that for market Monday's but gold I
tech stocks, because tech is what's driving the US economy.That's why they put that report out.I forgot what bank, I think it was Goldman Sachs that they expected 3% on the S&P over the next 10 years.
I mean, because really, if you look at it, The S&P is not performing well outside of a few stocks, right?So it's 500 companies and it's like 10 stocks that's driving it.All of those 10 stocks, for the most part, are all technology companies.
So how long, you know, it's like one of these things, right?Like you can't carry dead weight for but so long.We got some time.So a tech stock, the tech stock craze, how long is this going to
What's the deal with this?
It's gonna do incredibly well until 20 late 2026 I've been saying this for a few years in stock club 2027 is when we're gonna see hell on earth And a lot of companies that are not doing a old boy who kept talking to me about Intel Nvidia replaced it.
I do this for a living before y'all knew who I was humbly respectfully I'm in a good place for a shot But I need y'all to stop criticizing because y'all don't read and because you don't actively invest in the market 2027 we're gonna have a dramatic
Could I see a 25 to 40% drop then?For sure.Dropbox just laid off 20% of its workforce.If you are not ALH, you're having a dramatic issue.The Russell 2000 is still struggling.
I've been talking about the debt to GDP ratio forever, which has been a major issue.Trillions of dollars of losses are sitting inside of banks and nobody's talking about it.
Free Thug, we talked about Young Thug getting free more than that the last six weeks.And no one's talking about this at scale, which is a student loan crisis is really big, but what's driving our value and what is our main export?
Technology so in video will get bigger as some Apple.
I think by 2027 will be third in terms of market cap Well, let me let me just run down these these numbers right because if we're talking about that How far can we go and start in terms of growth?
Do you think in video be a four trillion dollar company in the next three years?Absolutely, right.Do you think Apple will?I'll say yeah.Yes.Yeah Microsoft
Right.They're all right.And so then at least you'd say, well, if those are going to afford, does Alphabet look like it can get to three trillion?Yeah.
Alphabet's fucked.I'm going to be real.
I think it can.I think Amazon will get there first.Yes.But then our matters right there at that one. TSM is about to be a trillion dollar company.Do I see that slowing down?
So like that can now jump a few places and so if we're talking about this technology lead for the next two three years for sure is the next decade but like we're trying to say it though the other okay company 15 through 498 We still got some ones in their reserve player but why why 2027 I
Let's just say, because I'm tired of people stealing.So my mom told me, so they couldn't steal.Don't tell everything.But 2027 is going to be a changing of the guard for a lot of companies.
Like Apple's apex will be in 2034, just like we had a shift from 2019 to 2021 and what companies led.2027 is a very pivotal year.
on a decade level when a lot of hedge funds are going to offload certain investments, and then people are going to start to walk away.
Here's a follow-up question to that, right?Because this is important, because this happened over the weekend as well.Berkshire Hathaway, $300 billion in reserves.I don't think Buffett, there's a chance he doesn't make it to 2027.
There's a chance he doesn't make it to... why the cash pile and the selling of tech, if that's the case.
Because when you have that amount of shares, you can't liquidate all at one time.You have to eventually leg out.And also too, I think he knows something.Okay.If I'm looking at America as a puzzle, the commercial real estate is messed up.
No one wants to talk about it.There's maybe 15 companies in tech that are driving all the valuations.Startup scene is in shambles.Private equity is in shambles.Banks are in shambles.
If I told you that that was my business model, would you invest in me?Yes or no?The answer is going to be no.So at some point, the house of cards has to correct.And I think he's jumping.Now, I think it's a mistake to liquidate this early, but
There's a reason he has that cash on hand and going back to why he sold off in bank of America.I want to say this again.There are trillions.Okay.Imagine if you were a trader and your P and L said negative 3 trillion, there's 10 banks that are.
And for those of you don't know, uh, the level of losses that are sitting on the books is worse than 2008. And I'm gonna declare this too, by 2027, that Mag 7 is gonna be a fantastic 4.Where have I heard that analogy before?
Hey, come on in.Small Business Saturday is right around the corner.And so is that shop you've been meaning to check out.On November 30th, support your local community by shopping small on Small Business Saturday, founded by American Express.
Pick up a new outfit, a handmade gift, some vintage vinyl, maybe even some local tea.
Thanks so much.See you soon.
Shop on Small Business Saturday, November 30th.That's the powerful packing of American Express.
My dad works in B2B marketing.He came by my school for career day and said he was a big ROAS man.Then he told everyone how much he loved calculating his return on ad spend.My friend's still laughing me to this day.
Not everyone gets B2B, but with LinkedIn, you'll be able to reach people who do.Get $100 credit on your next ad campaign.Go to linkedin.com slash results to claim your credit.That's linkedin.com slash results.Terms and conditions apply.
LinkedIn, the place to be, to be.
Sign in
