“I said construction workers related to the data center boom. They're seeing their wages go up 25 to 30%.”
AI data-center boom is a physical buildout: trades wages up 25-30%, not just chip names
“Warner Brothers Discovery. I think the fact that the M&A deals being done at three times the value that this thing's been trading out for the last couple…”
M&A is pricing WBD content at 3x recent trading: undermanaged library finally getting valued
“My biggest business loser was Apple. This company has unlimited distribution and unlimited capital and the most impressive thing they've done in the last 10…”
Jason stakes Apple as the year's biggest business loser: unlimited capital and distribution wasted on a thinner iPhone, the company innovating itself into a corner while rivals run the AI race. He extends the dig to its best recent output being a streaming show.
“I'm going to say crypto. A year ago, there was a war on crypto. They were worried about going to jail. Now we've passed legislation. We're getting a fair…”
From war on crypto to passed legislation and a fair shake; total regulatory regime flip
“My biggest political loser is Europe. It's a civilization that's in decline. They're losing economically, geopolitically, socially, culturally, and they can't…”
Europe in structural decline economically, geopolitically and culturally with no reversal in sight
“my breakthrough of the year is um, three or four. Humanoid robots. I think uh we're just underestimating the the progress these will have. Um, everybody's…”
Humanoid robots are wildly underestimated; everyone gets their own C3PO
“The only one I ever recommended for him, I heard about this Nvidia three years ago from my guy, whatever, but the only one I ever told him about was TKO…”
Tony stakes the one stock he has ever personally recommended: TKO, the UFC plus WWE parent, on the simple thesis that Dana White and WWE keep putting on bigger shows and the business is 'always growing.' He confirms he held it for 'wild, wild, wild success.'
“Netflix and Ted Sarandos literally is like, do whatever you want, go as hard as you want, push it to the limit, let's go. And meanwhile, YouTube every week,…”
Netflix lets creators push limits while YouTube tightens; landing the top creators with no-restriction deals
“YouTube every week, something's different... the rules change all the time. And you don't find out that the rules at YouTube have changed until your producer…”
Erratic demonetization and age-gating drive top creators off YouTube toward Netflix