00:22:00 · Jordi Hays, John Coogan, Praveer Melwani
[00:22:00] S2: They wanted explosive growth and they exploded. [00:22:03] S1: They got the exploded part, but that's it. Has any... Have any of them actually blown up fully? Like had to sell order books or sell sell holdings in blocks or do any of that? [00:22:18] S2: Think that was certainly happening yesterday. [00:22:20] S1: It might be happening like over the course of the next couple days. Because a lot of these are running leverage. And so at the very least, if their book is in semis... [00:22:31] S2: This was in this was in Bloomberg. So hedge fund Vara plunges 33% in brutal October for AI stocks. [00:22:38] S1: That's so much. [00:22:41] S2: Coffee's hedge fund, Kirkswald, had worst ever month in October. Mhmm. Wallach to return some capital following brutal October. [00:22:49] S4: Mhmm. [00:22:50] S2: Ex Moore money manager to return cash from his hedge fund, Millennium, ex Citigroup banker. That's something else. [00:23:00] S1: One of them hired a Citigroup banker to lead India operations. [00:23:02] S2: There you go. [00:23:03] S1: They're just expanding. They're like, do nothing. Win. I guess they're doing fine. Yeah. A hedge fund trading... [00:23:10] S2: Oh, interesting. So there's a hedge fund coach Yeah. Denise Scholl had multiple clients just cancel their appointment yesterday. It's like one of those things like you're... If you're in the middle of chaos Yeah. You often don't necessarily need to just talk it out for an hour. You need to solve your [00:23:27] S1: problem real time and you can
00:23:27 · John Coogan, Jordi Hays
[00:23:27] S1: problem real time and you can [00:23:28] S2: you can figure out what happened later. Sure. So For sure. I think that makes sense. Ad[00:23:32] S1: Well, let me tell you about Shopify. Shopify is the commerce platform that grows with your business and lets you sell in seconds online, in store, on mobile, on social, on marketplaces, and now with AI agents. [00:23:42] S2: Dowman Eddie said, do wellness checks with your public equity TMT friends today. They need you, but not Lead Edge Capital. Hearing public fund is up 32% gross year to date What? And down only 1.2% yesterday. [00:23:57] S1: That's sick. [00:23:58] S2: Owning tech that trades at single digit ARR and low double digit CF multiples works after all. Yeah. Yeah. Contrarian. Yeah. Some of the last contrarians. [00:24:09] S1: It's great. [00:24:10] S2: Great. We have some big stories that we we need to [00:24:13] S1: Let's rip rope. We need [00:24:14] S2: to get into. Take me over. [00:24:15] S1: Where you want to go?
00:24:15 · John Coogan, Jordi Hays
[00:24:15] S1: Where you want to go? [00:24:16] S2: Wildlife at our new LA Wildlife Bridge. Couldn't wait for the ribbon cutting. Really? A coyote has become the first documented animal to use the Wallis Annenberg wildlife crossing over the 101 Freeway. So again, we were once This guy. Minorly cancelled over over talking about this bridge, which we're very much in favor of. But effectively a mega project. Yeah. You know? This thing has been in the works for years and years and years and years and it seems... I mean, I'm kind of... It it feels a little feels a little cyberpunk, you know? You have this like massive structure and then they just try to trick the animals into thinking like this is just a normal hillside Yeah. Crossover. But really really fantastic news. I think it's, you know, coming in well north of a $100,000,000 for this bridge. [00:25:10] S1: Well, that's not bad. I I I... For some reason, had earmarked it like 10,000,000,000. So like if you're telling me it's a 100 mil, I'm I'm 100% Yeah. [00:25:20] S2: The crazy thing is I don't know how you actually get down because there's like a two story drop. [00:25:25] S1: Well, they're gonna build more of the bridge to like smooth it out. [00:25:28] S2: I... Crazy because it's like you you would Yeah. You would think that the right thing to do would be able to build like a bunch of small bridges, you know? But maybe animals... $1,000,000 [00:25:39] S1: bridges.
00:25:39 · John Coogan, Jordi Hays
[00:25:39] S1: bridges. [00:25:39] S2: Yeah. Maybe animals talk amongst themselves and they're like, yeah, there's an amazing bridge down the 101 over here. You gotta check... It's a little bit out of the way, but like it's just so scenic, you know. [00:25:48] S1: I wonder if the bridge is too narrow, the animals won't think that it's for them and it needs to kind of blend in and feel like a continuation of the the hillside there. But I mean, I... That they're... [00:25:59] S2: What if we built... What if we built... If built... Or more.... Thousands of animal bridges and and... But but had data centers inside them. Secret data centers. [00:26:08] S1: I would be very much in favor of building a bridge every mile at this size and scale or build build... Just cover the cover the freeways entirely. Just put them... I mean, you... If you can't build them underground You wanna be... Build them... Just build a... [00:26:23] S2: Constantly in tunnels. You don't want to... [00:26:26] S1: I don't care. I'll turn on the lights in my car. It's fine. I drive in the night all the time. It's no big deal. Like that does not matter to me at all. I don't I don't need... I'll I'll have... [00:26:34] S2: You want you want California [00:26:35] S1: to Turn earmark the entire one zero one [00:26:37] S2: You want giant... California to earmark a few $100,000,000,000? [00:26:41] S1: Yeah. Why not? We got the money. We got the people. We'll just build it.
00:26:41 · John Coogan, Jordi Hays
[00:26:41] S1: Yeah. Why not? We got the money. We got the people. We'll just build it. [00:26:45] S2: We don't. We don't have the money. The state is Unlimited. The state is broke. We're doing fine. We're doing fine. This is big. This is big. The Cybertruck is being scrapped. I It's crazy. Came in at the perfect time. I now have a one of 17,000. [00:27:05] S1: Wait. They only ship seven... Is that the actual number? How many did they actually ship with these? Because 17,000 is not a lot. I mean, that's... That that is actually somewhat limited. Where... [00:27:15] S2: They sold 20,000 in the last year. It's not limited at all. [00:27:19] S1: 73,000 since delivery started in late twenty twenty three. So you have one of 73,000. [00:27:24] S2: Yeah. Are you thinking what I'm thinking? It's going into... Going into 500.... In pristine condition for the next hundred years. Yeah. Hundred years. Yeah. Pull it out. [00:27:35] S1: Pull it out. [00:27:37] S2: Like a low mileage example, only one of 73,000. [00:27:41] S1: Yeah. It's really it's really disappointing. It's really disappointing because I was hoping that this would have enough... [00:27:48] S2: Chad is saying, CMC is saying, ah, so Jordi is a collector of sorts. Yeah. I... In favor of collecting things that you can have like a a wonderful experience with. [00:28:01] S1: Was really hoping that they would take this and be successful enough to do the Cybertruck do the three row like the Excursion Yeah. Built on the truck platform.
00:28:01 · John Coogan, Jordi Hays
[00:28:01] S1: Was really hoping that they would take this and be successful enough to do the Cybertruck do the three row like the Excursion Yeah. Built on the truck platform. [00:28:09] S2: At the end of the day, I love the car overall. Yeah. It is really like horrible in so many ways. And should... Like, what I actually love about it is it should never have shipped. Yes. It really should never have shipped. The build quality is is really bad. It's like very dangerous. Like I'm I'm constantly kind of on edge when I'm around it, you know? I'm trying to tell other people that might be around the car like, hey, that's like effectively a knife's edge, like keep your fingers away from here or there. You can... And again, you can see issues with the car from like 20 feet away. Mhmm. And that's just like how the car came. So it really never should have shipped but I'm glad it did because it like looks completely insane. [00:28:52] S1: Yeah. [00:28:53] S2: It actually drives... Again, doesn't feel nice to drive it yourself. Yep. But when the computer's driving, it's it's it's really fantastic. Yeah. So I will cherish mine. And yeah, your options are just getting more and more limited. I know. If you if you wanna be in the... [00:29:11] S1: Gonna sell one car in a few years. Mean, I I guess they're just... I [00:29:16] S2: don't think it's I don't think it's ugly. I think it's like very unique looking and it's not for everyone and it's completely insane.