“CPI over the next 2 months will get above 4% year over year. You don't want to be long the S&P 500 when CPI is that high.”
Short the S&P over the next 6 weeks as CPI runs above 4% and margins crack under AI disruption
“Bitcoin is the endgame for growth assets … Bitcoin needs to not be valued or not be talked about from a discounted cash flow, because it doesn't have any.”
Bitcoin is the endgame growth asset, funded by wealth fleeing software equities as AI breaks DCF
“there is a negative argument with the government being so attached to the private sector when eventually this gets to the point where they want to make sure…”
Government moving to control private-sector AI prices in nationalization risk, de-rating the highest-multiple government-AI names.
“Gold is only up 20% over the last, last 6 months. Silver is up 60%. I'll take silver every day over gold for the rest of time because it is a necessity in…”
Silver beats gold for the rest of time because it is a necessity in every piece of AI and military tech
“I hate the software companies. … Microsoft to me is a disaster”
Software Mag 7 names like Microsoft are disrupted losers as AI breaks their seat-based, ad-based models
“You have Tesla, you have Apple, and you have NVIDIA. These are hardware companies. They have a different scenario.”
Tesla is a hardware AI winner, set apart from the doomed Mag 7 software names
“Micron is the biggest position in my own personal portfolio. It's trading now at a 4 PE off next year's earnings, somewhere below a 4 at this point.”
Micron is mispriced at a sub-4 PE while DRAM demand explodes from the agentic compute boom
“Jensen Huang said … he basically said we'll have $1 trillion of revenues”
NVIDIA leads the next leg up as Jensen guides to $1T revenue, far above the $600B the market prices