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A couple of MSTR trades
Sold the MSTR 29 Nov 2024 380 Put for premium of 15.51 Sold the MSTR 17 Jan-25 400/390 Bull Put spread for premium of 5.01 Note: MSTR is a very volatile stock.
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New comment 3h ago
NVIDIA Q3 FY25 EARNINGS
NVIDIA Q3 FY25 EARNINGS ARE OUT: Adj. EPS: $0.81 vs. $0.75 Est Revenue: $35.08B vs. $33.16B Est Q4 revenue outlook: $37.5B
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New comment 5h ago
NVIDIA Q3 FY25 EARNINGS
We are in the 'banana zone'
Justin Sun is a Chinese-born cryptocurrency entrepreneur and business executive. He is the founder of TRON, a cryptocurrency. He has a net worth of approx $1.5 billion. On the X platform, in his words, "he was excited to share that at a Sothebys auction, he successfully acquired Maurizio Cattelan’s iconic work, Comedian for $6.2 million (see attached). For him, this is not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community. I believe this piece will inspire more thought and discussion in the future and will become a part of history. I am honored to be the proud owner of the banana and look forward to it sparking further inspiration and impact for art enthusiasts around the world" This is truly the 'banana zone'.
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We are in the 'banana zone'
You need to make passive income before AGI comes in "2026​"
You need to make passive income before AGI comes in "2026​" AGI is Artificial General Intelligence. It is the super intelligence that everyone loves or fears. The western world is built on capitalistic ideals. This means money (aka capital) is the key driver of the economy. It is not about ​​​​​​how many hours you work, how hard you work but rather how much capital you have and how you deploy it. (Don't get me wrong - I value hard work and I work on my business every day. But a capitalistic society is about investing capital correctly) AI agents - basically robots that can perform a series of tasks and analyze it with AI will be phasing out "labour" in the economy. Repetitive tasks get automated. Manual tasks are done by robots (cost $15,000 each)​​​​​​​​​​​​​​​. Customer service is now done by AI chatbot (I love interacting with them but this means there are less customer services jobs) ​So if AGI arrives in 2026, this means there will be mass unemployment as society takes time to adjust. In case you get laid off (touch wood), you need to learn how to make passive income now. Computer programmers already know the number of job posting decline signiifcantly. 25% of Google's new code is writtern by AI. Nvida uses AI to design new chips Accountants already know 80% of their work are offshored to delivery center and more will be automated Doctors are now using AI to identify cancers and lawyers are using AI to draft agreements / summarize them. My friend who is using AI to write code save hours in coding. I personally use AI to code (even though I have a basic coding background). I use AI to do video editing even though I am not trained in film school. I use AI to write emails / draft legal agreements and more.​​ In other words, the "mass labour" component is being phased out. We are frantically searching for new work, new ways to do things and searching for more innovation.​ Before we figure out how society will adjust to this change, it is important that you develop multiple streams of income.
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New comment 12h ago
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