00:32:51 · Ron Biscardi
[00:32:51] S0: Yep. Yeah. A 100%. Yeah. You know, these are these are organizations that have... You know, like for you and I as individuals, we're thinking in terms of maybe decades. Right? Like, I know I'm gonna be in an earning period in my life, you know, from my early twenties to, I don't know, God willing, maybe my late seventies. But somewhere in there, I need to start shifting my investment strategy to be more risk averse, to be focused more on providing cash flow in my retirement years. These big organizations have a time horizon of infinity. If you're an endowment or a foundation or sovereign wealth fund, you're really thinking in terms of I need to provide a certain amount of cash flow and as long as I can build my fixed income side of my book to provide that cash flow, All the other stuff I'm looking at, I can take a very, very long term view. And I think that leads you to be... You you just don't experience the same volatility in your decision making. You know? When when you have a long term view, you can ride out bad markets. You know? You can hang on to things a lot longer and wait till they come back if you believe the core investment thesis hasn't changed and we're just in a moment of market panic for whatever reason. So for sure, they're much more slow moving than family offices and than individual investors for sure. You know, individual investors are the ones who probably are the worst at panicking and, you know, they buy at the top and they sell at the bottom. You know, they're they're definitely much more subject to, like, the emotional swings of the business.
00:34:46 · Anthony Pompliano
[00:34:46] S1: But they have more fun, Ron. They have more fun. Speaking of individual investors, you've got this conference going on in Austin, Texas called TomorrowX. And, when I first saw you guys, talking about this, I was like, ah, it's a idea. I looked at the lineup. This thing is a plus plus. I mean, you guys crushed it in terms of who is speaking. Just give us an overview who the speakers are, why are you doing it, you and for the individuals who who wanna manage their own money and go learn from some of these folks why they should go.
00:35:15 · Ron Biscardi
[00:35:15] S0: Yeah. So I I have to say, you are right. The lineup is incredibly good. I think it is literally the best AI conference in the country as it lineup as stands right now. And I have to give my partners Gavin Baker and Antonio Gracias all the credit. These are two of the best tech investors in the world, and they have built incredible networks and an incredible amount of goodwill. They are just great humans that lots of people have done business with. It was really fascinating to be on the email chains as they're inviting people to the event. Basically, everyone loves these guys and everyone said yes. The the hit rate was, you know, was like 90% on this one. We have just an epic lineup of speakers, Jensen Huang, David Solomon, Jon Gray, Marc Rowan. I mean, the... We actually have had to shrink a lot of the sessions down to twenty minute time frames just to give more of these amazing CEOs a chance to come and speak. But yeah, if you go to tomorrowxsummit.com, you can check out the speaker lineup. It's November seventeenth and eighteenth in Austin at the Moody Center. We'll probably have somewhere between five and six thousand people by the time it's done. But it is an incredible lineup. And I'll also say the thing that I love about this event and the reason we actually put it in an arena like the size of the Moody Center was we wanted to democratize access to these banking conferences that are incredibly valuable if you're an investor but are largely unavailable to retail investors. Right? If you're... Even if you're like a small fund, a retail investor, you're... Generally speaking, you're not gonna get invited to a JPMorgan, Goldman Sachs, Morgan Stanley banking conference. You know, those those spots are reserved for, generally speaking, the biggest funds in the space. Well, we thought, you know, x has been an incredible platform for smaller investors to do their analysis and express their opinion and engage in dialogue about whatever whatever stock it is they're focused on. And it's incredibly useful. Right? It's like that that kind of... That access wasn't available before the dawn of platforms like x and Substack. Well, now what we're seeing is analysts who post primarily to platforms like this are getting just as much attention from public company CEOs as the bank analysts have gotten historically, and and in some cases, maybe even more so.
00:38:06 · Ron Biscardi
So we thought, why don't we do an event that gives retail investors and these contributors on x in particular a banking experience that you could really only get at one of the major banks? So Gavin and Antonio reached out to the best CEOs in the world. They agreed to speak. And now what we'll have is actually a main stage. So if you're a retail investor, you'll get to be in the room and hear firsthand some of the best CEOs in the AI ecosystem answer hard questions delivered by buy side analysts about the future of the space, the future of their business, and also a theme... The theme of the event and something that we will talk to every CEO on that stage about is how AI can and should revitalize the American dream. This is an incredible technology which can create capabilities. I mean, it's it's in essence democratizing intelligence. You know? It gives every every person who has access to it the ability to get answers to questions that you'd have to be a PhD in physics or finance or whatever area to be able to answer these things. Now that kind of intelligence is available to anyone, it can go in so many amazing directions for the world. We wanted the event to focus on what do all of these brilliant CEOs who are creating these amazing businesses, how do they see whatever it is they do being applied for the American people and for the American workers to help make their lives better and to make the country a better place? You know, obviously, there's been, it's very sad to me how there's been just such a negative tone to so much of what's written about AI as it's doing such incredible things for the world already. We thought, okay. There's plenty of that. Why don't we create a conference to tell the other side of the story? Because the other side of the story, I believe, is the side that's gonna win, And and we're gonna give all these CEOs a chance to talk about what they can do to really create a positive impact for the world and the country.
00:40:27 · Anthony Pompliano
[00:40:27] S1: I mean, it makes sense to me. And the lineup is very high quality, but my guess is that the ins... Insights, the information that is shared during the conversations is going to be, an even bigger deal. And and, you know, the other part of these conferences that I've always found valuable, which no one ever really kinda hangs their hat on, but it's like the people who go to them are high quality. It's not just people on stage, but then, like, the other attendees. And you end up, you know, meeting folks that, maybe you only have a Twitter relationship with, for a long time or, or you end up, you know, finding folks who are experts in certain fields or interested from an investment standpoint. And so generally, these events are, you know, very, very valuable and it's pretty cool to see you guys putting this together.
00:41:07 · Ron Biscardi, Anthony Pompliano
[00:41:07] S0: Yeah. No. We're we're so excited about it. I think I think the market really... Well, obviously the market's embracing it because we did this event, I mean, really last minute. We we secured the facility in q two and then we didn't even announce it until close to July 4 weekend. You know? And when you're doing events of this scale, generally speaking, you start eighteen months before the event date, and then you give yourself at least a full year to really market it and spread the word. So I very much appreciate you bringing me on your show to talk about this because that's exactly what we're trying to do right now is just give people a chance to see the lineup and it's definitely working. Our sign ups on a day to day basis now are off the charts. It's like people are coming in in droves as we get closer to the dates. So [00:42:00] S1: Can you sell out? Like like, is there not an... Like, at some point, is there, like, a cap that you can't take more people?