The Trade Nobody Sees Coming

[music]

Flip flops are having a moment this

summer. It's uh not sneakers. It's not

sports slides. We're talking about the

$20 rubber thong sandal that you used to

wear in third grade. Suddenly they're on

runways on Haley Bieber, on Zoe Kravitz.

It's a city shoe now. And yeah, you

already know where this is going because

somehow someway it always comes back to

a shoe trade on this show. I don't make

the rules, I just report the news. So,

so is this a two-week fashion fad or is

an earning surprise hiding in plain

sight? Wall Street hasn't heard about it

yet because the obvious stock here isn't

the trade. The real trade is a company

that uh most of you have never heard of.

Trading in a currency that most of you

don't own, pulling 99% of its revenue

from one brand. Today on Dumb Money, the

trade that nobody sees coming.

>> This [music] is Dumb Money Live.

Hey there, Dave here along with Chris

and Jordan. We are Dumb Money. Welcome

to Dumb Money Live. Before you get your

flip-flopped beach uh sand, Chris is

literally at the beach right now. I

don't know why we we are not seeing a a

sandy view, but uh go ahead and smash

the like button for us this morning. Uh

Chris Chris found this company. Uh it

could be the flip-flop trade of the

summer. If you saw that Google trend

chart that's on our YouTube thumbnail,

you'll see why we needed to do this

emergency Friday show. Uh but but guys,

do you want to talk about the trend

before we reveal the stock?

>> Yeah, I'm glad you found the company

because my favorite sandal company is

private. So,

>> dude, dude, the lore of this trade, man.

The fact that the hottest shoe this

summer barely qualifies as a shoe is

insane. Um, basically, we're talking

about a $20 flipflop. Uh, that's a way

better trade than the $900 shoe that

started the trend.

>> And we're not even talking like designer

flip flops. These are just the cheap

rubber nasty ones that that you buy and

throw away at the beach.

>> All right, but you ha you have to

understand the history of this trade. It

is so

fascinating. I have seen a lot in the

shoe world over the last 20 years

trading shoe companies. This is just a

wild story, guys. So, basically in the

spring of last year, 2025, Mary Kate and

Ashley Olsen, remember the Full House

girls?

>> Yes.

>> By the way,

>> and and fashionistas,

>> dude, these girls are business icons.

They just might be the smartest

entrepreneurs to ever be born out of the

entertainment industry. I have so much

respect for these two women. And also,

by the way, like their sister Elizabeth

Olsen is one of my all-time favorite

actresses. I will literally watch

anything that that woman is in. She is

the greatest. Anyway, so they, you know,

they they've been running this company

called The Row, right? It's it's it's

their fashion company. They come out

with a flipflop in the spring of 25

called the Row Dune. It cost $750.

And let me tell you guys, Google it.

It's a $2 flip-flop. I think they spend

$2 to make this flip-flop and they sell

it for $750.

It becomes

the hottest celebrity

shoe of 2025 summer. Jennifer Lawrence

is wearing it. Kendall Jenner is wearing

it. So Kravitz is wearing it. Jonathan

Bailey, the wicked actor, is wearing it.

My favorite actress, Elizabeth Olsen,

their sister, is wearing it. I mean,

dude, this thing catches fire. So what

happens after that? what we always see

it basically migrates downstream. And

here we are in the summer of 26.

And every single normie is now chasing

that same fashion trend

with a $20 flip-flop. Why? It literally

looks identical. It's essentially the

same thing. Now, to be very clear, guys,

the trend is about fashion flip-flops

because [laughter] even though it's a

very simple flip-flop, the Road Dune is

technically a fashion flip-flop. And so,

everyone's chasing the same look. You

even see guys that are like wearing

jeans out at night to clubs wearing

these like rubber flip-flops, which is

honestly insane. Um this is a major

trend. Uh if you look at the search

patterns, the trend has deepened

meaningfully from 2025 to 2006 as it's

become more approachable uh and scalable

for the general public. And there's one

company benefiting more than any other

company in the world because they have

the flip-flop that is most similar to

the row and they have the most

meaningful amount of global distribution

and the company is Javiana's. Okay. I

wish it were any other company in the

world besides Javiana's

because the only way to trade Javiana's

is through its parent company. Okay? And

the parent company is called Alperatus.

Alpatus

trades on the Brazilian stock exchange.

It does not have any active ADRs trading

in the United States. So even when you

do your search and you see that there's

ADRs, those are not active, do not

invest in those ATRs in my opinion.

Okay. Now to trade Alpraatus,

which is the Brazilian company where

Dave you mentioned 99% of their revenue

comes from Javianis. This is about as

pure of a pure trade as it gets.

>> Yes. 90 98.9% for those keeping track at

home,

>> which is for us the dream social arb

trade.

>> And in Q1 of 26, their sales were up

12%, their volume was up 8%, their US

sales up 22%. Uh volume up 161%. This

this is a very hot company that is that

just happened to be at the right place

selling the right product at the right

time,

>> dude. But the majority of the benefit

that has hit this company appears to

have been in the last 60 days. Okay.

Since this trend went mega viral at

scale with Genpop globally. Yeah.

>> The problem is the way that I normally

trade these, you know, foreign stocks is

through my Schwab Global account.

>> And I contact Schwab Global. They don't

trade Brazil local market. And this

ticker only exists in the local

Brazilian exchange. There is only one

way for an American retail trader to

trade this stock

and it's through Interactive Brokers.

Well, guess

>> which seems to come up from time to

time. Every time there's a international

stock, even even with Schwab, you've had

to do this before. They they may not

trade it, but you ask for it and then a

week later they will have it added to

their platform. But it seems like

Interactive Brokers is always on top of

this.

>> Well, we we we had So, guess who does

not have an Interactive Brokers account?

Me.

>> You You don't have one?

>> I don't have one right now.

>> I I still have the old one. Uh I don't

have any money in it, but I still have

the old one. We traded some Canadian

stuff.

>> I've been I I'm sorry. Like I know I'm

probably like if we ever want to get

take a sponsor in the future, I'm

probably screwing myself right now with

Interactive Brokers. I cannot handle

anything about that company. Their UI I

have been trying to log into my old

account for the last day. I can't figure

it out, guys. I I I just it won't send

me the It won't send me the validation

text, the alert. Like

>> even even when I had money in my

account, I could never figure out how to

get into it. Dude,

>> it took me it took me like a week and a

half to get my money out of Interactive

Broker and I I've never gone back. So, I

hope I hope they're never going to want

to sponsor uh a future iteration of

this. But

>> yeah,

>> either I am the most incompetent human

in the world or there is something very

wrong with Interactive Brokers and just

trying to use it as a combination of

both

>> freak. It's probably a good combination

of both. But here's the thing. We had

two options today at Dumb Money. We

could one delay this episode until early

next week when I'm able to open up an

interactive broker account and actually

place a trade before we tell the entire

world about it. Or we can say screw it.

We care more about our community and

sharing knowledge with them than we care

about ourselves making money. And we

chose to go down path number two because

that's how much we love you guys. So no,

I don't have any money invested in this

company. I desperately want to. I will

probably open up an interactive broker

account at some point next week and if

the stock doesn't move too much, I might

or might not invest. I don't even know

at this point. I just wanted to share it

with you guys. I listen, this is I love

this trade. We're not financial

advisors. Do not go out and go buy this

based on what we're telling you. We

wanted to air this episode quickly and

early because we wanted to share the

knowledge and have you guys do your own

damn homework for once. Okay. Literally

the uh the thumbnail for this episode is

a text that Chris sent to our group

chat. That is not like a mockup made for

thumbnail purposes. That is the real

thing. And uh we you you figured out

what the ticker symbol is in Brazil.

It's I'll just Here it is. It's AL P A4.

And you can see their stock chart. Maybe

if I can get this to work. Dave, this is

the first time in our history where the

thumbnail actually made itself. Our

thumbnail is the text message that I

sent to Dave and Jordan yesterday.

That's the actual text message when I

extracted a Google uh trends chart for

the word flip-flop. Yeah. Now,

>> and those trends charts, flip-flop,

square toe flip-flop, wedge flip-flop,

all of them hitting record highs. And

it's it it's just one of those trends

that's too strong not to pay attention.

>> Okay, Chris, so we know it's hard to

trade this. Uh you pretty much need an

interactive broker account. Do you think

it's worth a sympathy trade for other

US-based uh companies that have sandals

>> and and there's one that we've we kind

of talked about before we went on the

air,

>> right? There's a handful, right? Um

here's the problem.

I feel like VFC Corp and uh and Deckers

totally ruined themselves for this for

this trend because they sold off their

best um sandal assets. You had Sonuk and

you had Reef, right? Um they of course

had Reef, Deckers had Sanuk, great

sandal companies, but they're, you know,

both those companies are not private or

owned by private companies. Um so really

you've got what I think who owns Chacos?

Is that Decker's

>> dude? Dude, Jordan Decker at this point

basically has TA.

>> They got teas, but tea's that's not the

right vibe for this trade.

>> It's like one I think Sandals is like

1.3% of their rep now. So, it's not I

will say this. I The first thing I got

excited about was trying to trade Reef

because Reef has massive distribution.

They are now private as you mentioned.

So, it's a tough trade. I think the way

for investors to think about this sandal

trend is like this. Okay. There are are

are are basically different levels of

conviction here. Hold on. I I actually

have this I have this written down like

give me give me a second because I think

this is this is really in

uh Hold on. Sorry. You can talk for a

minute while I try to Oh, here here we

go. Okay. So,

you have to think about the quality of

the signal and your conviction. What we

have high confidence in as it relates to

this sandal trade is that fashion

attention and search momentum are

[snorts] super strong right now,

exceptionally strong. That we have high

conviction in. What we have moderate

conviction in is that the actual retail

sell through is definitely above normal

from all of our data checks for any type

of fashion flip-flop or fashion sandal

subsegment. What we have less conviction

in is that the entire broad sandal

market is trending as a result of this.

So, you really have to zone in on

companies that make either fashion

sandals or sandals that are very simple

that kind of look like that rose sandal

that went hyper viral last year. And

that that's why we come back to the

Havana. But there are other companies

and you're right that that seem to be

benefiting. and the chat is is bringing

up a couple Crocs and uh Birkenstock.

>> Okay, so

if it one thing one exercise I like to

go through here is I like to I like to

type in the actual trend itself and then

I look at related queries and when I

looked at the trend that was hitting

hard the number one related query of

course was Havana. So like like havanas

or however the hell you say it um that

like dominated the related queries.

Crops did technically show up in there

as well but not high enough that I'm

super interested in it. But I will say

this guys, kind of unrelated, but over

the course of my research on this trade,

I did a bit of a deep dive, which I

hadn't done in a while on one of my

favorite companies, Birkenstock. And all

the trends on Birkenstock

do tend to be up this summer. I think

part of that is related to this and part

of it is just completely independent.

Now, the big reason why the Javianas are

trending along with this is because they

make a square toe sandal. Okay? And a

big part of that rose sandal, part of it

was square toe. Um they have the Arizona

sandal at uh Birkenstock, which unlike

the um the Javiana's and the Rose

Sandal, which is the one that's truly

trending, it has like two straps, right?

We all know what Birkenstocks looks

like. technically is not uh the lead

trend here, but

>> very different looking.

>> It seems to be going doing really well

independent from this trend. So, I'm

just going to come out and say it. I

took a long position in Birkenstock

kind of somewhat independent, but if you

do a Google search uh uh uh if you do a

Google search check on Birkenstock

sandal, you will see a meaningful lift.

In fact, it is about double the search

index this June to last June. Double

year-over-year. And it's a it's more

than double for each going back the last

five years. The last four years before

this year it was just a very slow march

up every summer. Doing slightly better

every summer than the summer before.

This summer we're getting a full double.

That was basically all I needed to see

unless the uh AI query searches are

again um kind of like messing up Google

search which I I can't say isn't

happening. So there there's some there's

still some risk there.

>> But I I do I do really like what's

happening at Birkenstock right now

enough that I took a long position in

them. Well, in the research you sent

over to us earlier, uh you also pulled

similar web for Birkenstock and their

site traffic is up uh month over month.

>> It is in June.

>> No, not not month no year over year.

>> Year over year,

>> yearover-year going into June, uh

Birkenstock is showing a meaningful lift

in web traffic year overyear. Also, one

thing that I love about Birkenstock,

it's probably not a needle mover in

terms of revenue this summer. Yeah. But

Birkenstock has You're gonna laugh at me

on this one, guys, because like

>> I know way too much about women's shoes.

It's kind of

>> It's one It's one of your uh weird

fetishes that we we've always known that

about you.

>> It's not It's It's just I've made so

much money over the years trading

women's shoe brands that it's just

become my thing. But Birkenstock has a

huge collab coming up on July 16th with

Rapetto Ballet Shoes. And guys, again, I

know way too much about women's shoe

trends, but women's ballet shoes have

been so hot the last couple of years.

Like fire. Like like that trend has just

been fire. So

>> Dave, can you find the ballet shoes?

>> I'll look for them. So if so, Rapetto is

a French ballet brand. Okay. Now they

are coming out with ballet inspired

shoes at Birkenstock for their Arizona

line, which is like their biggest line,

their ribbon, their scallow line, and

their opera line. Okay, they're going to

be featuring bows, ribbons, and Mary

chain details. I can't even believe

these words are coming out of my mouth.

[clears throat] And patent leather.

Okay, now understand something. This is

hitting at a time when fashion

flip-flops are peaking. Okay, so I'm

telling you right now, this is going to

be one of the hottest collaborations of

the summer. Now, will it move the needle

for Birkenstock? No. Will it lift the

brand attention and foot traffic of

women thinking about Birkenstock and

going to the Birkenstock website?

Absolutely. Is there a chance that all

that lift in attention and foot traffic

to a soldout ballet ballet collaboration

ends up resulting in sales of other

Birkenstock shoes? I think maybe. Yes.

And so that's another tailwind for

Birkenstock that I really really like

this summer and that's ahead of us guys.

That's not going to hit for another

week. So that's, you know, you're

getting ahead of that of that moment

here.

>> So we also saw that in their most recent

quarter,

>> especially when you compare it to just

like the tra the traditional ugly

Birkenstock. I mean, for women to

actually have like real colors and good

designs, I I think it's great.

>> The problem, Jordan, is that this collab

is going to sell out, I think, almost

instantaneously.

Um, now maybe they'll make more of them

uh than usual, but I'm I'm just

concerned it's not going to be a needle

mover because it's a limited

>> run and you just the limited runs always

sell out. The fact that it sells out

quicker isn't going to really help

revenue. Yeah, but they're they're uh in

their most recent quarter, they did have

revenue up, but that quarter ended

before this spike in search and that

ended before the spike in similar web.

>> Yeah.

>> So, I there is there is some like I

think that the the reason you took the

position makes sense. I haven't taken a

position. I'm I I need to do a little

more research. I need to read the 90page

report you sent me. [laughter]

>> So, I I'll give you a little summary

here. There's six forces that are

reinforcing this flipflop trend cycle.

One, we already talked about that luxury

legitimization with the Rove flip-flop

from last year that is crushing it. And

now you have all these other designer

brands like Maxra, Balenciaga,

all extending that silhouette within

their own kind of brand lines. You have

this huge 90s and Y2K revival happening

right now with rubber thongs, the jelly

materials, all the square toes, the

wedges, the kitten heels that's popping.

Okay, you have this really wide price

ladder which is at the top end you have

the rose at $750. At the bottom end of

it, you have the Javiana at $20. So,

everybody can participate in this which

is really cool. Like I mentioned

earlier, you have all these celebrities

endorsing the trend. So Kravitz, Haley

Bieber, now Jennifer Lawrence, Sadell,

even Anne Hathaway is wearing these

things. So like there's just so much

going on and there's so many occasions

where you can wear this now. like

they're honestly like people are wearing

these flip-flops with dresses, styling

them for the city, obviously pool and

beach, that's always going to be there.

But it's just it's hitting across every

part of like the summer culture and it's

a really this is this one I love, guys.

This is like the last piece of why why

this cycle could be massive is because

there's so much product iteration

bandwidth. If you think about it, the

colors, the materials, the co the toe

shape, the sole height, uh the degree of

embellishment, the heel type, there's so

much novelty that you can spin off of

this trend. It's a trend that can

continue season after season. Is it

going to last for five years? I don't

know. Could it definitely last beyond

this summer into the spring and summer

of 27? I think it actually can. So,

there could be like a meaningful runway

for the brands that are actually

benefiting from this whole flip-flop

trend. It's actually a really exciting

social arc trade to deep research. I'm

just so pissed off that I can't trade

the number one option here, which is

that Brazilian company, because I don't

have an Interactive Brokers account.

Like, Schwab needs to get more

aggressive. In fact, forget about

Schwab. Felad, if you're watching this

right now, Robin Hood has got to open up

international markets for US investors.

>> The same way they're opening up the US

market for international investors by

tokenizing US stocks. What if we had a

tokenized version of uh Havanias?

>> Dude, yes. I'm telling you right now, I

really hope can can people can we please

do a short take of this and complete

people please tag Vlad. We are begging

you as US investors to allow us to

invest in international stocks through

Robin Hood, through tokens or any other

means. We are desperate for it as retail

investors. It is so unbelievably

difficult for a US investor to trade.

>> It seems weird that in 2026 like these

online brokerages, you can't trade

international stocks. What is the

limitation? I know in United States we

have like clearing houses and there's

regulations. I'm sure it's the same for

international.

>> I am so pissed off, Jordan. I don't

know. No. So, here's the way.

>> Do you think they would just like

partner with um with companies that are

already doing business there and then

you could just reroute the trade

through? I

>> Yeah. So, so, so when I talked to Schwab

about this, the answer they gave me is

they said they don't have a partner, a

local partner in Brazil. So if there is

any

>> you though you didn't get one, you know.

>> Yeah. Okay. But Jordan, if there is

anyone in the world, if there's anyone

in the financial sector that can figure

out a way to pull this off, it has to be

Vlad at Robot. And I just do not

understand why he hasn't done it yet.

>> I agree. But I think the reason they

haven't done it yet is this is the first

time in your 50 years of trading that

you've ever wanted to touch the Brazil

market. So it's like there's a lot that

has to happen for this one trade that

happens to be an opportunistic trade.

Honestly, Dave, there have been so many

international trades that I've wanted to

make and I just like h I I only really

care about them because it's so

difficult. It has to be a high

conviction trade and I have made a

multitude of high conviction trades

through Schwab Global in um Japan as you

know um you know across the world. I I I

trade European markets. It's just a pain

in the butt because you have to transfer

the local US currency into the local

currency overseas. And with Brazil,

you're taking a currency risk, too. So

there's there's that.

>> But by the way, also Dave, you you pay

like one up to 1% to make that currency

transaction. Then you pay terrible

>> another 1% trans, you know, exchanging

it back into US currency. So that's

that's 2% just on the currency hit. So

like, hey, hey, Robin Hood, it's a lot.

There's a lot of money to be made here

if if you can allow us to trade these

international stocks. We're we're

actually begging you. This could be a

massive segment for Robin Hood and I

really hope it gets prioritized on the

new product um list because I'm I'm

dying for it. It I'm gonna have to open

an Interactive Brokers account and then

I got to move money into Interactive

Brokers which sucks because like I don't

want my money sitting

>> and then how long does it take for the

Here's the nice thing about Schwab is

the second you move money in um even

before it's cleared you can start

trading with that money they like they

front you the money. Do interactive

brokers do the same thing?

>> Oh, do they?

>> Or is it gonna be like three days before

it clears and then

>> I doubt they'll do the Nobody does. It's

like a Robin Hood thing, I think,

mostly. I don't

>> I don't uh Yeah, I I I doubt I doubt

that's going to happen.

>> I've never used it. So,

>> yeah, I doubt that's going to happen. Um

Yeah, man. So, so this is this is this

is a trade that I I want to give some

credit because I've been so busy this

you guys know this like I've been taking

a lot of uh personal time uh family time

uh which I love. I've been telling

everyone like this is the summer to do

your research, place your trades and go

on vacation and just do not get lost in

the noise of this market because none of

it actually matters. There's actually

not th that many things that are

changing on a week-to-eek basis. You do

not have to be glued to your brokerage

app and to financial news every hour of

every day this summer. Actually,

>> I say I say it every year. Sell in May

and go away. Like, yeah, literally, I'm

I'm still here, but I I'm not going to

be sitting in this studio next on our

next show,

>> dude.

>> I'm gonna be on the beach.

>> Dave, I completely agree with you, guys.

Go live your life. Don't get consumed by

all this noise. it's going to end up

losing you money and then you're going

to like miss out on your whole summer.

I'm not missing out on my summer. I just

don't care. Um, all this market noise is

mostly complete BS, quite honestly. And

I look, here's here's the tweet I sent

out. Like, there's never been a better

summer to deep research, place your

trades, and disappear. The noise is

louder than ever. Most of it's not going

to matter. I promise you guys, it's not

going to matter. Um, but what was I

gonna say? Um,

and there's something really important

here. Hold on, guys. I'm I'm looking for

Oh, we have to touch on Bloom Energy.

This is actually insane, guys. The same

rumor has been circulating

for years by short sellers that Bloom

Energy does not have enough scandium to

power their fuel cell technology and

that the entire company is a huge scam

and is going to be you see the video

that was put out. Um,

>> dude, dude, this guy

>> the partner of uh who was this guy?

>> Dude, Jordan, this guy went on CNBC

yesterday and inferred that Bloom Energy

could be the Theronos of the AI cycle.

And the stock is down 20% in the last

few days. And it's the same rumor that

the company has debunked over and over

and over again. It's quite honestly,

>> right, the CEO is literally on mic

talking about that it's a non-issue.

>> Yeah.

>> Several times.

>> So, so is this what is this a buying

opportunity? Are are we doubling down?

Are we cautiously optimistic?

>> Guys, here's my statement on this

because this is just this has to stop at

some point. Is it theoretically possible

that Bloom is lying about Scandium and

that Brookfield, Oracle, Nebius, they

all failed, okay, uh, to uncover this

crazy fatal supply constraint before

committing to multibillion dollar deals

to Bloom? Yeah, I mean, it's

theoretically possible, but it's

extraordinarily

unlikely. So, Bloom came out and they

basically stated in an SEC filing

yesterday that it does have sufficient

non-China scandium supply for its

current demand and its backlog. And they

are saying that they have visibility

into 25 gigawatts of annual production,

which is absolutely insane. Um, I'm

going to assume it's true. Okay. Now,

Brookfield expanded its partnership with

Balloon, okay, to $25 billion. Nebas

committed up to$2.6 billion dollars.

Oracle who contracted for an initial 1.2

gigawatts uh for bloom uh just uh I

think they they they have their

agreement going up to 2.8 gigawatts. So

something that you have to understand

about scandium the estimates are not

precision exercises. Okay. So blooms

material intensity, their manufacturing

yields, their inventory, their supplier

contracts and their future efficiency

gains which are the most important piece

of this puzzle are not publicly known.

Okay? So you either think that they are

boldfaced lying to you and all these

companies did not do their due diligence

or that this random investment company

and the couple short sellers that came

out before them last year and the year

before know more than all these

companies and maybe they do read the

read the short report. I would say read

it. Okay, read Bloom's response. Go on

X, read all the analysis. There are so

many people, engineers that are doing

excellent analysis on Scandium. And I

think the smartest ones ultimately tell

you, hey, this is a really complex

computation. And we can't even do it

without the proprietary information that

Bloom has. So, it's I think impossible

for a short seller to come out with

conviction and say that they don't have

access to the scandium that they need to

produce because they do not know the

efficiency levels that Bloom has reached

and that they're using in their math for

their fuel cell technology. But

honestly, guys, do your own homework.

Make your own decision. I'm not selling

Bloom. That's my own personal decision.

So, don't blame it on me if they do turn

out to be the next Theronos. I just

don't think that they are based on my

research. But guys, you got to do your

own research on this. Um, I might buy

more Bloom.

>> This it's not new news. It's just

repeat. It's rehashing old rumors.

>> It's the same It's the same rumor from

what last year.

>> Okay. But but

>> this has been swirling around this

company for for decades, right? They

they have they've always been thought of

as like, well, there's something going

on with Bloom. It it seems too good to

be true, so it has to be a scam. And

>> they Oh, no, no, no. Hold on. They they

do have a history to to give the short

sellers some credit. This company does

have a history going back before the AI

age in making um you know basically

saying things that didn't come to

fruition or got delayed meaningfully as

most the companies in the world do right

uh like that just happens when you're

working on bleeding edge technology. But

I don't think that's where we are in the

cycle. Also, what they're coming out and

saying is that the data centers that

they're connected to are getting

delayed. Now, what the short seller did

not say is that all data centers are

getting delayed. It's not like the ones

attached to Bloom only are getting

delayed. We all know that every data

center project is going to get delayed.

That's like kind of a known thing

amongst everybody in the AI sector. So

to pinpoint the ones that they're

working on with like Brookfield or with

Oracle are getting delayed and being

like that's a red flag. No, that's the

entire sector guys. So just stop it.

Just stop it. Okay, I it's I'm willing

to to to the riskreward here. I'm fine

with it. When I look at all the

companies in the sector and I look at

Bloom, I do believe in their fuel cell

technology. I've done a tremendous

amount of work on it. I'm comfortable

with it. Uh, will it get delayed?

Everything gets delayed in AI. I just

don't care. I don't care. I'm in.

H, man. I know I'm ranting today, but

there's just these these short guys.

I appreciate them honestly because

sometimes they're right. But I I didn't

like I didn't like this guy's appearance

on CNBC yesterday. He was he was just

really cocky and it was the same.

>> Is it the um what's his name?

>> No. No. Jordan, this is this is a firm

that actually doesn't do a lot of short

selling. So, you got to give them a

little more credit. They're like they're

generally like a um an asymmetric long

uh company. They do have this media

division. If you have a media division,

it makes me think that you're getting

more into short selling because that's

what all the short sellers do. I don't

>> It's a Hunter Brookke.

>> Yeah. I don't

>> media.

>> I don't necessarily think he's being

disingenuous

with his research.

>> I think he believes 100% in his thesis.

>> Yeah. Which is fine. But again, this

opens up an opportunity for investors to

take a side. So So this is what you

want, guys. you you want to understand

the other side of your trade, which in

this case, this week with Bloom being

down 20% is a short thesis that says

these guys are lying to you. They're

lying to you. Um, so now it's your job

to go out and make an assessment. Is

Bloom lying to us? Is Brookfield

incapable of doing any due diligence? Is

Oracle incapable of doing due diligence?

Do you think they sign these

multibillion dollar deals and basically

stake their future on this energy cell

technology without having confidence

around the scandium that would be

required to power these fuel cells? I'm

going to make a decision that they

wouldn't do that. But it's always

possible. This guy could be right. You

you gota you got to be open to the

scenario of that possibility. I'm

willing to take that risk. I don't I

don't know how else to say it. I'm

willing to take the risk.

Um, back to sandals. [laughter]

>> Oh, by the way,

>> what do we think about uh how about this

one? Um, and I haven't I've done zero

research into this, so I have no idea,

but like the Gap um because it's a jean

sandals combo, right? So, you get you

get both.

>> You know, you know what, Jordan? What's

>> you get you get Old Navy and Gap selling

both sandals and jeans.

>> It's a twofer.

>> So, in my research, Jordan, I was able

to surface the fact that one of the one

of the most uh appreciated

>> flipflop brands that people love is Old

Navy. And Old Navy did come up in the uh

related search queries, but again, not

high enough. And I don't think it's a I

don't think it's a needle mover for the

Gap. Jordan, I'm not going.

>> It's just a Well, I mean, their their

sandals are cheap and they tend to just

be like a, you know, a point of sale.

Um, you know, you just grab a set on the

way out.

>> I don't think anybody's going there for

the sandals. They're buying some jeans

and they're like, "Oh, you grab a $7

pair of sandals or whatever."

>> Can I give credit to one of our

community members that surfaced this

trade? And by the way, I have not been

the Discord. So for all I know, there

could be so many community members that

were on this trade a month ago. And I'm

sorry, I've just been too distracted to

get in the Discord recently. But there's

a guy on X. His name is Bordai. B O A R

D Y AI. Uh, and he was the one that kind

of pinged me yesterday on the flip-flop.

And I'm like, flip-flops, they're

trending. Like I'm just guys, I am not

at the top of my game. I I I'll just I

gota I gotta tell I'm not spending four

hours a night reading Tik Tok comments

like I used to probably doing an hour

hour and a half these days quite

honestly and I'm missing uh I've been

focused on AI. You guys know this. I'm

missing a lot of these consumer trades

that are happening right now. So, I've

always said like there are so there's so

much opportunity to social this market

because even guys like me that

historically have been on top of every

shift in consumer behavior, every shift

in culture, even guys like me are

focused on the AI trade, which means

that we're missing a lot of the other

opportunities in the market. So, you

know, if I was a trader and I did want

to spend 8, nine, 10 hours a day

researching instead of at the beach or

in a pool this summer, I would spend at

least some of that time looking at

consumer trades. Oh, by the way, one

thing on Birkenstock I think we have to

acknowledge is that Birkenstock got hit

some this year due to tariff issues.

their margins kind of got crushed with

these tariffs and they came out last

earnings and said that they would have

an even worse margin impact going

forward than they did this last quarter.

Now that information is known by

investors

so it should be baked into the stock.

They did say that they would address

that with price increases and it looks

like because of the consumer demand on

their product that the price increases

are not putting any dement in dent in

demand. So

I am I don't have an issue with the

tariff situation in Birkenstock. I feel

like the bad news is baked in and I feel

like some of the good news of this

summer of flip-flop that tangentally

will I think positively impact Burke is

not fully baked into the stock yet. So

that's kind of my thesis. I wouldn't

call it a high conviction trade on

Birkenstock by any means. This would be

a medium conviction trade for me. And

quite honestly, I'm just pissed off that

I can't trade Javiana's through that

Brazilian company. Maybe I will next

week. I got I got to open up it. Dave,

did you open up a new Did you get into

your Interactive Brokers account?

>> I I gave up on trying uh years ago and

it it may have closed because there's no

money in it. I I feel like I kept like a

few dollars in it just so it wouldn't

autoc close because I've had that happen

to brokerages before. Uh but no, I'm I I

don't think it's even This is the

summer. I'm I'm about to go vacation for

the rest of summer, so I don't I don't

think I'm going to even mess with this.

I was not thinking of making a trade on

this, Javianas, but I was uh about to

buy a pair of flip-flops. I'm I'm just

browsing here while you're while you're

talking. Do you like these blue ones or

or see these ones? These are the Mexico

ones,

>> dude. I feel like the Mexico ones are

100%

you.

>> I mean, I don't really like that color

way as much. I kind of like the lighter

ones better. If they had a palm tree on

them, I would like it, but maybe these.

That looks like you too, man. It kind of

It kind of does.

>> I don't see I don't I don't wear these.

>> Do Do you want to see something so

funny, Dave? I don't know if you can

throw this up for me.

>> Hit share screen and I'll be able to do

it. You can do it from uh from within

Streamyard.

>> Well, dude, I'm It's on my phone. I just

texted you a pic. There's any way you

can do it?

>> Are you on your laptop right now?

>> No. So, so I want to tell you within

five minutes of me finding out about

this trade, I walked into this beach

house, Center Hall, and I'm I'm here

with like I'm about to go home. The

vacation's over, but I'm here with uh

fatherson trip with my son and six of

his high school buddies. By the way,

it's like living in a frat house. I've

never seen dirtier, more disgusting. Um,

just

horrible like in comes when it comes to

keeping the house. I walked in the house

yesterday and I don't know what the

probability of this, but these kids and

it's like 100 degrees here. They left

the front door open and the refrigerator

door wide open at the same time.

>> Are my kids there?

>> I walk to get I walk to get a protein

shake like 40 minutes. I come back to my

house. Front doors open. The

refrigerator doors open. The entire

refrigerator is baking. No baking. I'm

like, dude, how does that even happen?

Like, how do you leave the front door

and the fridge door wide

wide open? But

>> how much sand is in that living room

right now,

>> dude? They actually have mounds of food

on the floor. It's like they eat and

just throw it on the floor. Just throw

it on the floor. Like I don't even this

is where like a lot of the um mom like

now I start you start to a little bit

appreciate some of the mom frustration,

right? But like yeah that that's that's

what I walk into. Flip-flop city. I'm

like this has to be a sign, right? That

has to be a sign to trade flip flops.

Now, none of those are the fashion

flip-flops that are trending that are

the core of this thesis, but Oh. Oh,

there there is a pair of Hey dudes in

the middle there, right?

>> Probably some Reeves and some Samuks in

there.

>> Yeah. Now, which which of those do you

think would be mine? Which of those are

mine? The ones that are mine are

actually the

>> Are yours not the Hey dudes?

>> No, no, no, no. I don't wear I haven't

worn those in years. The ones that are

mine are the ones that are way off trend

right now. Are they the leather ones?

>> No, the research shows are down 20%

year-over-year.

The the the Nike sport ones in the at

next to the wall that like the beige

>> uh

>> Oh, yeah. Oh, that's an old man sandal.

>> Is it? I don't think so, dude. I think

they were super cool like a year ago.

Last year they were big.

>> Old people wear Nike, Chris. Come on.

>> No, no, it's nothing to do with Nike.

You just they they just h they just

happen to make the best most comfortable

version of that style. I you know I

don't really like Nike at all anymore.

Um well this is a random uh random uh

summer episode. I feel like what else

should we There's so much to talk about

right now. There's actually so much

going on. Um,

>> okay. So, the other tangential trade to

this, um,

>> yeah,

>> which I don't think really the sandals

thing is gonna move the needle for,

somebody else mentioned it. I forgot

who. I'd have to scroll up forever to

find it. Marcato Libre. So, um, we're

talking Brazilian companies. Uh,

e-commerce in South America. I'm long.

Marcato Libre has nothing to do with

sandals, though.

>> But why why just Brazil?

>> Uh, yeah. it's growth of online uh

marketplace in Brazil and well South

America, Latin America.

>> But like do you have like a general long

thesis on Brazil? Because the only

reason I would do that is if you are

hyped on Brazil and I'm not saying you

shouldn't be. I just don't haven't spent

any time focused on Brazil, but it is is

a

>> grow it's a growing market. Yeah.

>> Is is Micardo Libre exclusively Brazil?

Because I feel like

>> No, no, they're south I think it's

mostly South America.

>> Okay.

But Brazil is obviously your largest

most popular country.

>> That's interesting. I feel like I've

made more trades this week I want to

talk about. Let me let me I'm just

opening up my brokerage account to see

what's going on.

Um, by the way,

>> Marcado Libre is Argentinian is what

somebody's saying. Um,

>> hold on here, guys.

Just take a look here.

I have not had any mindset change on

Amazon. I am aggressively

hyped

and levered

and pumped

about my Amazon long position more so

than I ever have. And [snorts]

I just don't see that changing anytime

soon. Uh because people continue to ask

me about Amazon. I'm just sorry guys.

I'm just looking through because I feel

like I did make some additional trades.

Or maybe maybe it's just living in my

head. Maybe it's just the Birkenstock

trade.

>> You thought about some trades.

>> Yeah. Yeah. I don't know. I have all

these ideas, but then when we get on the

episode, I forget about all of them. I

need to start taking more notes.

rolling. I I wasn't really prepared to

do an episode today until I sent that

text to you. I was like,

>> this is very last minute.

>> We just got to do it. Uh where do you

get that money shirt from? Dave, where's

that?

>> Uh this is a dumb money. This is

actually a misprint from some new Dumb

Money merch. Our back to school line.

>> Wait, we have a back to school line.

>> We will.

>> It's actually It's on the It's on the

store now. But uh

>> you can tell us. [laughter]

>> I don't care about selling merch. It's

like literally uh if you want it, you

you'll you'll see it. But this is a

misprint because it doesn't have the uh

the weathering and also it's crooked.

You'll you'll notice that it uh is like

slanting this way, but that's fixed. But

I liked this shirt so much. This is just

a uh a Bella Canva that I switched all

of the back to school line to Bella

Canva in colors that make sense for the

thin. I'm doing some shopping. I love

Bellacan though.

>> It's not the super thin. It's their

slightly heavier weight. It's like 3.4

ounce. It's It's not the 4 oz

heavyweight, but it's it's nice.

>> Why can't we do the heavywe?

>> Well, we have we have the heavyweight in

the store already trend.

>> These have these have the side seams

that are cut so that so that it's like

uh sewn on the sides. It's called the

retail uh it's their higherend retail

line. and I saw that they had it and I

this misprint was done in it and I've

I've worn this like five times since

since I got the misprint delivered.

>> I I just don't love the way that the

thinner material kind of drapes and just

like stick you know like it's just

>> try Okay, buy this shirt. It's like I

don't even know 20 bucks or something.

>> Okay, I'll buy it. I'll buy it.

>> If you uh are looking for a merch store,

we'll it will link you to it. This is

now a commercial. This This is This is

Chris's favorite picture of himself.

>> Why won't you change it? How many times

have I asked you to please Why won't you

do it, Dave?

>> I will tell you. You know why I won't do

it? Because I don't have a good picture

of you.

>> I don't have one that works.

>> I sent you so many.

>> Okay. So, look. This is This is the new

money line. Okay. Look at this.

It's done in like collegiate font with

leathering and the dumb money live like

a university style logo.

>> Dude, I kind of like that.

>> And you can get it in like Dartmouth

green or what? Many different schools

have a a red

>> that baby blue. My name

>> like

>> dude, I like that white. Wait, what was

that last one? That is that blue?

>> This is light blue and then there's uh

off-white.

What kind of do is st is that when dumb

money live uh kicked off was in 2020?

>> Yeah. Yeah.

>> Oh, that's live. That's great.

>> Oh, yeah. Somebody made a suggestion.

What if it just said dumb across the

top?

>> Well, the the original version said dumb

money and then I tried a dumb version,

but money

>> I like I just think money is good. Money

is good, dude. I like it.

>> Oh, but I did I did an old money and a

new money version, too. [laughter]

Dude, new money is great, dude. Oh, I am

so we'll see which one sells more.

>> And just the money hat. I thought the

money hat was nice.

>> No. No. It must be new. Can we put do a

do a new money hat?

>> You want a new money hat?

>> Yes. I cuz people are so obsessed with

old money and it makes me sick. I The

obsession with old money.

>> The phrase new money. I prefer the

phrase young money.

Young Money is good, too. I don't know.

Um, I just like New Money because people

are so like [ __ ] ridiculously

just overly hyped on the old money thing

now. And it just I hate it. Like I I I I

think it's the dumbest thing in the

world.

>> I think I think new money is funny just

because

>> Yeah,

>> because of old money.

>> Yeah, I agree.

>> But I don't know that I'd wear a hat

that says new money. I just think the

money hat is the one to have.

>> Maybe, maybe, maybe.

>> And it has the Dumb Money Live like

collegiate logo on the back.

>> All right. I I like it. Um

All right, guys. I Dude, this is I have

like another like hour to get in the the

ocean, then I got to go home. So, like

I'm I'm the vacation's over, so I got to

enjoy my last little tiny bit of beach

here.

>> Yeah, get out there.

>> Put some flip-flops on.

>> Yeah, because I'm flying home today.

>> All right. Well, I'm uh flying out

Tuesday, so maybe we can have uh lunch

before you go.

>> Oh, 100%. Uh this weekend.

>> Yeah.

>> And then I I had uh I'm really kind of

psyched. I have a a a bed

um what do you call the thing that goes

over the top of your pickup truck bed,

Jordan? What's that called?

>> Bed cover.

>> Bed cover. I'm having a bed I had a bed

cover installed this week on my new on

my old

>> I feel like I don't know. Um, I feel

like you're trying to like pose as a

truck guy. I've been thinking

>> Look, Chris, my look my culture is not

your costume. Okay, let's just say that,

>> dude. Jordan, I

>> He's appropriating uh truck culture.

>> I am I am hardcore pickup truck guy now,

dude.

>> Yeah, because because he test drove

three of them and you had to have one.

You didn't get rid of your old car, did

you?

>> Yeah, I traded. I'm I'm done with Lexi.

have just

>> people hate people want to see the

truck. Do you have you have a picture?

>> I am so dude I am so done with with

anything other than my pickup truck. My

American pickup truck.

>> Do you have a Do you have a photo of

this?

>> I did enhance the stereo system and I

can't wait to see what it sounds like.

Um, and I got a camera thing installed

on it like so I'm always recording

camera.

Uh, and I got the I want to say bed

liner but it's not a bed liner. like I'm

not going that fufu. I just got the

cover because I do feel Jordan that

there's times like when I bring my kids

to camp I got to like put their luggage

and stuff in a protected area and like

>> Yeah, you have to have something to

protect from rain when you do that

>> trunk. Does that does that make me does

that make the truck like less legitimate

that I have the cover on in terms of

pickup culture?

>> I have taken a stance on this. Um I'm

not against bed covers. I choose,

however, to leave mine open and then

when we go on vacation, I use a bed bag,

like a waterproof bed bag.

>> Wait, what is that?

>> It's like a bag you put in the back and

it's zip, waterproof, and you shove your

>> Yeah, but somebody can still steal

what's in there. That's the problem.

>> No, you take them out when you when you

go wherever you're going.

>> No, but I don't want to have to take

like the camp uh you know to trunk and

stuff. Yeah. Look, I'm not against the

bed cover. I think it's great. Um,

>> so you don't think it like reduces the

the country pickup aura of the truck

like like

>> anybody puts covers or does something?

>> Why don't Why don't you just stop trying

to pretend that you're a country bumpkin

Ford driver and get a Cyber Truck where

you just push a button and you have a

cover when you want it and it goes away

when you don't want it?

>> Because I because it's in my soul, Dave.

and and and and I'm telling you, I've

never felt more at home than when

driving this truck. And I and

>> Do you listen to country music while

driving the truck?

>> Exclusively

>> with a with a cowboy hat and like a

>> uh and I have my Sam Barber on. And

yeah, dude, it is exclusively,

you know, I love country music, dude.

>> I don't know. I don't know if we can

hang out anymore, actually.

>> Dude, trust me, when I'm gonna take you

to lunch,

>> I will take

>> I exclusive listen to rap in my uh

pickup truck. I will take you to lunches

>> and weird podcast

>> in my F-150 and you are going to be

blown away. It is an awesome

>> I haven't seen a picture yet so I don't

pick or it didn't happen.

>> Speaking of weird podcasts, this podcast

has fallen into the zone of do we even

realize that you're recording right now?

Did you know that people that that more

than almost 6,000 people are watching

this live?

>> This is the genre, by the way, of

podcasts that I listen to are just

random people. So, if you think

>> Why don't we just do more of this? I

don't need to talk about stocks,

>> dude. If you think this is weird and

we're not going to say any names right

now because it's all under NDA and

stuff, but like, you know, outside of

the Dumb Money spin-off show, which I'm

ridiculously hyped about and I cannot

wait to share with the community that's

launching later this year. Um, as part

of that, uh, I'm basically spending the

next five years of my life,

uh,

developing

Gen Z, we'll just call it Gen Z, the

hopefully the next big Gen Z women's

podcast show, right? And like so many

crazy ideas. We have landed who I

believe is the number one talent solo

content creator, 20some year old woman

content creator in the world to develop

her podcast and I could not be more

excited about it. And as you guys know

what I spent 20 years studying

youth culture and studying

>> know more about women's shoes than

anyone I know. I know way too much about

this world. Like, no one else is

watching, no middle-aged guy is watching

Love Island for like to for culture

alpha than [laughter]

I really need.

>> I look I had the talk with my daughters

yesterday

>> that if they see something that's like

new and up and coming, if there's like a

makeup trend, if there's this or that,

they need to tell me,

>> especially if it's something you have to

buy.

>> You you know the way I feel about this.

I think in this AI world, there is going

to be such a thirst for actual raw

human, like the most human of human

personalities and voices. Those rare

personalities that are just so um

relatable and human that you just like

it's the opposite of AI, right? It's

like the one thing that AI can't yet

fully deliver. And I think there's going

to be a meaningful push for that

connectivity to those humans that are

truly special. And I think over the next

few years, we're going to see some of

these podcasts with great personalities

blow up. And

>> no, absolutely.

>> I I think the biggest

>> the biggest opportunity for this is

going to be uh in women's podcasting

because here's the deal, guys. Women

hate friction. So, you know, making that

transition to being a solo Tik Tocker to

a podcaster, there's cameras, there's

equipment, there's there's crews,

there's editing, there's clipping,

there's like so much to be intimidated

by. And women historically, because

we've worked with so many women

entrepreneurs over the years, they are

more riskadverse than guys. So, do you

know 70% of podcasts are men's podcasts?

And I think there's just a massive

opportunity in the market and I think we

found the number one talent in the world

and I just can't wait. Like we'll we'll

talk about this later this year too. Um

>> we can talk about it but I think it's

probably uh to her benefit that

>> there's not much crossover between this

show and her show. I'm pretty sure that

us talking about the show would make her

audience hate us.

>> Yeah. Yeah. We we might never talk about

it because I I I I agree like like

there's literally no association between

the two worlds. But I think in terms

like I just like to I just like to talk

about as a social orb investor,

our minds are always focused on where

the opportunity is, right? Like where is

the and that's why I'm sharing this with

you guys because it doesn't always have

to be

in public equity markets. You might

identify opportunities in life and be

like, "Hey, this is a massive

opportunity." This like the same way

that I started Collecticon what, six,

five and a half years ago, five years

ago. There was no publicly traded

company that I could, you know, trade

off that off that thesis that I had on

nerd culture and Pokemon. I had to start

>> Yeah.

>> a Pokemon trade show. And it became this

insane thing, like insane global show in

20 cities. And like I want everyone

watching the show to realize, yeah,

sometimes what you see will result in a

trade. Other times it might result in

you starting a business. Other times it

might result in you actually like

changing your career trajectory because

you're like, hey, that's where all the

opportunity is right now. And I think as

you start to train your mind to be a

social arb investor, it has implications

for more than just trades you'll make in

the stock market. So, and by the way,

the Dumb Money spin-off show is is a

direct result of this. Like, it's where

we see culture headed to. Uh, it's where

we see the opportunity the next five

years. It's where we see the bulk of

younger investors spending their time

and like where what they're thinking

about even more than just trading public

equities. That's all I'll say. Uh

we're excited about it.

Dave, are you working on the studio by

the way? Are you working on like our

studio thing? Like actually figure out

how to pull that together. I mean I I

have chatgpbt doing its very best

mockups.

>> No, but but can do like should I put it

into codeex and say okay now that if

this is the the best mockup once you get

done with it can you tell us step by

step how to actually make this happen

based on the dimensions of the studio

and like how we

>> basically I I haven't I don't know the

exact dimensions and so we we need that

first

>> we do

>> figure out if it even works in that

space. It has to.

>> I know. I know it'll work, but like is

there enough is there enough space in

the W? Like I know it's a long space.

This is this is not uh for the show, but

um I think it'll I think it will work.

>> Okay. I I just

>> I just need to see the floor plan again.

>> I I'll share the dimensions. What I want

to do is take it and put it into codeex

and say now actually build it for us.

Like literally exa tell us exactly what

to buy. tell us exactly how to do this.

Like like the the walls that you have

like those crazy walls like

>> Yeah, glass walls.

>> I don't think they need to be glass. I

think they filmed.

>> No, it Yeah, it doesn't. It's not glass,

but it looks like glass.

>> Yeah.

So, oh, by the way, I saw a there was a

tweet today that I thought was really

prolific as it relates to AI. Like we've

been preaching over and over again,

guys, you have to pay attention to what

people are actually uh doing with AI.

Um, hold on. I saved it. How do I go to

the to the ones that I bookmark on here?

Damn it. Like

>> you click on the thing that looks like a

bookmark,

but they

>> history, I think, is what I

Wait, hold on. Hold on.

Oh, here it goes. Okay, there's this guy

Gail

Sherro, G- A L S H I R A R T, and his

tweet was, "It's over. This is a big

designer. It's over. I'm quitting

design. Uh, a client of mine, or I guess

he has a design firm, a client of mine

just created a logo with Fable 5, and

the result left me speechless. It

understood the brand story, values,

audience, strategy, and turned all of it

into a smart, minimal symbol. A

genuinely brilliant concept. The kind of

idea that captures everything at once.

Something I honestly don't think I would

have come up with myself. And it didn't

just nail the idea, it executed the

design pixel perfectly. So, I raised the

white flag. My skepticism about AI's

ability to do great design is officially

gone. There I said it. AI beat me at

design. Now that AI finally took my job,

I can peacefully quit and dedicate my

life to studying the only thing it may

never achieve, human consciousness and

the pathways to God. Good luck everyone.

And people thought that he said this

like as a joke and he kind of reaffirmed

multitude of times in the comments of

this thread that is not a joke. He's

being dead serious. He has 111,000

followers on X. He's a retired designer

uh and he's now making art and studying

human consciousness. These are the types

of post that as an investor you need to

pay attention to. Okay? These are the

gamechanging moments that you look at

this and you start to realize, not that

we don't believe it's real, how

prolifically real AI is. Okay? Because

again, there are two sides to this story

of how AI is going to play out, what

it's actually capable of, the

efficiencies and the productivity that

it's actually capable of bringing and

how far off that actually is. This is

what I'm talking about, guys. Like, you

have to be in tune with this. This is a

really big deal. like that. That post to

me is a really big deal because the one

thing that so many people have been

saying is that AI does not understand

nuance. It doesn't understand taste.

Okay? And what this guy is saying is no,

no, no, no, no. He's a lifelong

designer. It just replaced me. It's one

guy's opinion, but you have to pay

attention to this stuff if you want to

be if you're investing aggressively in

the AI sector, you have to have

conviction. And the only way that you're

going to truly have conviction is by

understanding the people that are using

AI and how it's evolving like week over

week. And this Fable deal, guys, it's

kind of crazy. Like the stories I've

been seeing on Fable.

>> Yeah, it's it's wild.

>> It's crazy that we need we need to get

Fable on our uh new podcast so we can

figure out the format of the show

>> and the nuance that that we're we're not

smart enough to figure out.

>> I know. I know. All right, guys. Uh

Enjoy your summer, guys. Like I said,

don't get caught up in the noise.

>> You're saying it as if we're done for

the summer. No, we will still have

shows. We're just uh and probably won't

have one next week.

>> Yeah, we'll probably have one next week

for sure.

>> But we'll be doing it from our summer.

>> Yeah,

>> you will definitely see waves behind me

in our next episode.

>> Dude, can I do can I show you how nice

this be? Wait, wait, before you tune

off, I just got to show you guys the

beach here is at Rosemary. And yeah,

this the sandals are still happening

here. Uh

>> oh, that's a live picture from outside

of your room.

>> Hold on. Hold on.

>> Dude, I think my kids might still be in

bed at like noon. Look, look at how nice

of a day it is. This is Rosemary Beach.

>> First of all, I cannot believe you did

the entire show from a generic like

prison looking room when you had that.

That is a perfect ocean right there,

guys. That is a perfect ocean that I

will be swimming in in about five

minutes from shutting this show off,

[laughter] dude.

>> And that's our cue. You hit you hit the

beach. Wear your flipflops. Uh we are

done, Money. We will see you very soon.

[music]

Yeah. [music]