Why Wealthy Investors Refuse to Sell Their Tech Stocks

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2:03Default terms at mintmobile.com. What is stocks? Is it time to sell? I know that after that, right? So is it time to sell stocks? Because they say something like sell in May, walk away. Sell in May and go away. Yeah. So being that stocks are currently right now at its all-time high across the board for the most part. is it time to walk away, exit stage left? No, I know Gary Shillings said, amazing economists, that the market could fall 30 % per year. When I was watching the conversation at Milken Institute, right? The one thing I noticed is that when, and you guys have been to Davos and the conversations that I've had and ascertained, they only, most people only tell you about selling when it's media time.

2:57privately has robert smith like when he tried to sell you the agent did he ever say man i'm about to get rid of vista equity it doesn't happen put this in chat the only people who tell you to sell are those who want you to be broke no wealthy investor or any investor who's any good is telling you to get rid of the entire landscape of investing you have agentic that is still untapped Anthropic is doing 30 billion a year. For those who don't know, that is a gigantic number. They haven't even went public yet. Samsung's on a tear. NVIDIA's on a tear. Lilly is about to go on a tear. Meta is on the verge of having a turnaround.

3:42So all the people who are the wealthiest people on the planet, even we could talk about Greg Abel and Warren Buffett in a little, they have billions of dollars of cash waiting for the right time to buy no i know the axiom of selling may and go away this is a great accumulation time so should the market tick down in may yes but we just left one of the greatest months in the history of investing like this this past month was comparable for everybody's like yo we missed 2020 last month was your version of 2020. And for those of you who took advantage of it, like even for the screenshot, 400 ,000 of that 1.6 was right up last month.

4:26So no, all for the long term, May, June, August will be tough. That is time to accumulate whole for the long term. Yeah, I think I don't sell here. I think if you look at the story and maybe that may sound confusing, like, well, what's the story? Well, when I say the story, has the AI story changed? And again, it hasn't. Well, how do we know? We saw the biggest companies in the world report last week. And there's a couple of things you got to listen for. Has the CapEx spend gone down? No. Okay. That means they're still investing into the technology. That means they're spending it. And if they're spending the money, that means they're spending with companies.

5:10Right? I know it sounds like, oh, it's just bypassing. hey, they're going to spend$72 billion. Well, that$72 billion is being allocated somewhere. That means there's companies that are going to take in that revenue. That's why I said the story hasn't changed, right? So memory obviously is at the forefront of that. And we'll talk about some other infrastructure plays inside of AI that you should be having on your radar. But that hasn't changed. Has the earnings from these huge mega cap companies, has that changed? Have they beat earnings? Quarter after quarter, we keep seeing the same thing. They beat earnings, but they pulled back because of the cap expand.

5:43Okay. That's the same thing. But what about the consumer? Has consumer spending gone down? Well, if you look at Visa's report last week, no. If you talk to JP's report, not really. If you look at TJ Maxx, if you look at Hilton and the hotels, you're still seeing spending. And so that tells you that, I'll put in quotations, the resiliency is there. Now, something is happening in May. Obviously, we're going to get a new Fed chair. If you look historically, when a new Fed chair steps in, to his seat or her seat hasn't happened that usually is a triple down inside the market and that hasn't happened yet but it will at some point in may and so will it be a pullback yeah for sure but i think after that and i heard tom lee saying it as well nvidia off the races bro video reports on the 20th that'll be a key and then let's see what that momentum does um going into june july has i mean if you look at historically july has been a pretty good month August September is when we start saying okay let's make sure we have reserves we're gonna start see some profit taking we're gonna see some some downturn those three months are always in that space August September October and then it's it's back to the cycle of November to April again Tom Lee he says anything though that's not true we're not gonna no no no no no no no Tom Lee's He's intelligent.

7:12He's intelligent. No, he's intelligent. We're not doing that. Now, someone we could argue. Some of the takes are grand. He does have grand takes. But if you look at the past, definitely the past five years, he's been on point, man. Like him and Dan Ives, I know that, and they're super bulls. Tom Lee, I like Tom Lee. He says anything about crypto, Bitcoin. He's been all over the place. He has a habit. He has a habit. Prior crypto fund, though, before that. All right, let's focus on crypto because that's what he's focused on. That's what he says a lot. He talks a lot about crypto. He says Bitcoin is going to be$180 ,000 by the end of the year last year.

7:50Okay. Bitcoin, I may give you that. Can we be honest? All of them make those rounds and make those dumbass proclamations because they're trying to raise funds. Market movers. Chathy did it. He did it. Sailor, allegedly. they're doing it to drum up interest to sell a narrative that isn't going to come true in the time frame that they're talking about but being a permable and tech is the right position to be in back to you that part yeah i would say that part because the tech piece where he's seen the s &p a lot of it i agree with yes some of it is very grand and that's been the continuous theme it's almost like i'm gonna overshoot so that even if it falls a little bit under that hey i told you right so what what don't you like about us takes your shot i like him i think he's extremely intelligent person but you is it overshooting or you're just saying anything like it's just bitcoin's gonna be 200 000 by july and it turns into it's 90 000 oh i overshot it that's that's that's gross s p is gonna be 10 000 like he's just saying just numbers like but the number they're not even close he's done this with crypto quite some time he's done he's The numbers in crypto.

9:00He's done this with crypto. Specifically, because he's been pretty spot on with the S &P. Now, his next thing is that after we go through some turmoil here in the next few months, we're going to go on the greatest run that we've ever seen in human history. Like, he literally has said that. Will that happen? We shall see. That's an overshoot, too. That's an overshoot. We shall see. Okay. That's an overshoot. Yeah. Yeah. I like time a lot, though. All right. He's a good guy. I think he's intelligent. I think he's extremely intelligent person. I just think, like I said, he just has very outlandish numbers.

9:37Yeah, he's just putting these numbers out there. And to everybody, I'm not shooting at anybody in particular, but to everybody who had the.eth in your Twitter bios and IG a couple years ago, what the fuck is going on with Ethereum? And where's Vitalik? Quiet. Stay in love. Mm-hmm. Sam, just a question.

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