Avsnitt 555 - Why always me?

0:00Just what is it that you want to do? We want to be free. We want to be free to do what we want to do. And we want to get loaded. And we want to have a good time. And that's what we're going to do. But wait baby, let's go! We're going to have a good time. We're going to have a party.

0:28This is becoming a losses

0:43Intelgo墓了 I hope that... Exactly so is it. Yeah, it's a dark day for the index. It's a dark day for all index-makers. It's not many more companies that are pluses today. No, we're back to the level where we were for the last week. The end point is that you've staked your short. Annars it would have been a solid podcast to listen to this. Yeah, exactly. It was on these levels. We're back to the level now. So It's good to have a lot of cash It's probably what you can say But it could have been worse So we're going to talk a little Intelligo I'm going to talk a little EG7 I'm going to talk a little How do you think?

1:28How do you think? I'm going to talk a little I'm going to talk a little Rally It's not a rally today No It's what you're going to position for It's going to go in in a season There are many people here who can be, who can be strong on the market in any case. Nvidia-rapport, you always want to talk about these things before, and show how you feel you can have. You can have it. Yes, but you must go out on the plank. Yes, it's a lot of people who do it. It's a lot of people who do it. I don't know how many people do it. I think we call it. We stick out the handle right much. It was the dumbest I heard.

2:01We're going to go.

2:06We are sponsored by Saver. They have always new features and companies. They have launched new AI-funktioners that will make it easier to do it. You can see when you go in on a company what they like this. If you want to look at the competitors, look at how peers have gone. It comes up very easily. which companies like this, for example Tesla or like that, so you can see all the other peers in this company. You can click on there. You can also see when you look at the nyckel-tall, so you can see which companies like this. This goes to scan very easily with Savers AI-funktion, which is very smooth.

2:54Yes, exactly. They have AI-generated tags for all the company. So if we continue with Tesla As an example Then it's a bit of a But it's very tricky to describe what Tesla does At the end of the day They don't think that it's a bit of a It's a bad way So then you can use other peers And then Tesla has Elfordon, autonoma photon Energilagring, solenergi Vertical integration Which is probably more of it Tesla does a lot of different things And then you can find a similar company As you mentioned Yeah, for it feels like you find a interesting company. And for me, I am a tiger, I am a photo, another pair to them.

3:37It's often easy to look at what bad or bad this one has gone. Quantum computing. Now it has been very clear that many people have been in a sector group. And then it can be good to find a little like pairs if you find a interesting company in the USA. Yeah, and then it can be good to see how the sector handles. Is it dyrt or billy in comparison with peers? Peer-to-beer can always be far, but it can also be a good way to learn. As a sector, what does this sector have for P-to? It's a different sector. You can't just look at P-to as P-to on any sector. Oftest you can say, is it just me who has found the best company or is it just my company that is bad?

4:21And then you see it on Pearson and you notice that all are alike. So this is a very good function of Saver so that you understand a little bit of breadth of what you invest. Precis. So if you're not a customer, it's absolutely time to sign up. They have a lot of other functions, markets, extremely low-willed, where you want to go. And so they have a very good amount of money. It's easy to follow a company via app, I think. Yeah. So thank you, Saver. But remember, investering in your risk and it's not sure that you'll get back your capital

4:58If we start with Intel then it was a burst of in the morning then you didn't know much the time they were burst of for from China it was it unfortunately not this time for the actual I can't say that that I, in a few days, have been long. Intelli got a night. I feel like a ball of tele here. Why always me? I'm going to buy my trödy. I'm going to buy the phone. I bought it a little ago. They sent out a Kina-news there. So it was a lot of cash. So it was, as a tur, not a big position. But depending on whether it opens or what it opens, it will be so-called to be able to win. But, yeah. Grattis to Sven Nordenstam, who has followed this case.

5:44It has been a long time. This shows the risk of buying a company where it is stoking. That when it can be a burst stop. Yeah, for like... Now I have a mini-poss here. But you know that it should open, that it will be a trade. It depends on what they come to. I am completely wrong to say what status is here. Police took in all the EBM. They took 100 million in per year. for some form of a company. I saw some of them spekularing in that they had 104 million in a skatteskull that should be paid. So I got to say that it was maybe because they were able to save money. It would be interesting if the Cisco and Ana-gain, HCM, has their money come in.

6:29They didn't know how they were so happy with the new emission. No, they didn't know. I wonder what they did for it, if they did anything, or how it works. It was a interview with the government The were not done all the way. They said that the company went well. The story lars to continue. This is film material, so can you say? I up-to-to-one. Absolutely. It has been many red flags. We have linked them in the pod. And others, Sven Nordenstam, have done a test job to be able to peca on the red flag. Kassaflödet never ljuger. No. I've said that in this pod is that it's a lot of affairs to do. It's never easy on the market, but it's very difficult.

7:27And when it comes to these things like the red flag, and it's Sven Nordestand that can actually find something else. And another thing you can take from the saga It wasn't just New England Thatkapner That Nokia It was Vietnamese Darling and bullshit And it seems to be one We have some new Varnings Signals The The Turner The On Does it speak Forget to

8:02Yeah Well Bye We've got one It's been a bit of a challenge. It's been a challenge. It's been a challenge. It's been a challenge. It's hard to guard it. It's hard to guard it if someone has done anything criminal. Now we don't know if it's so. But he's on the wall. It's not like a blick from a cloud of him. All the things have been up for discussion. Yes, and if they open it, it's more about he is anklagd for a swindler here and it's not that you have said things that don't happen but is it something that I press - and like that, is it a function of business or has anything been done? And that's not just now it's not what they're going to do No, exactly, so you might not have to have with this The order that came after the quarter was finished and you had to book it as an intäkt and like that Yeah, and the book for grosses.

9:04That they have bought in and they will pay when they have sold it. Then you can find out which sum it is. Yeah. And a little bit of this with that they had one of the four big reviews. It was not in Y-card, it was not in Enron, it was not in anything.

9:25Uppenbarligen is not in any guarantee for anything. So, it is well that. As usual, if it's a red flag, how can you act? You should ask yourself if this is investable. I listened to a interview with Mantle-based. They had been with me on a swing there. Where someone in the company had done a lot of money and had gone off. It was also a good-to-book, but if someone had done something for a döl, then missed it. I think that it is a... ...on market there is a... ...on avertro on what it is for ...regelwork and above all ...how regelwork is being. Alltså how much knowledge it is. So I think that investors actually ...waggar in in a false form of ...trygghet.

10:12It's a bit of what we have talked about before ... with the course manipulation and ...and so that. And then you can see ...like more versioner av kursmanipulation och det bivras inte alls så gemene man antar att det är regelhållning och sånt när man går efter någon privatperson som har gjort en empetare medan det finns större flöden som gör det på ett storskaligt sätt och då sker det inte och det menar jag att det är en falsk form av trygghet som investerare vackrar in i det här är ju ett annat case men jag tror att gemene man tror i alla fall att Yeah, that it's much more checkups and control than what it maybe is.

10:58We'll hop on to go. I have a little EG7. I had the long-term position for several years and gave up it. Most of the time because of all interest and conflict. You have a VD-ordinated who is a part of a company. They produce and do that play. They have a play where they have I've had an opportunity where the VD and the head are the owners which has created a huge conflict. But now it's going to happen some things there. So I followed this from the side. I was going to talk about the report. Then it was going to stop more money in this Alien-spel that they were going to slay. They've been able to do it from year to next year.

11:39But now we have a Swedish gäng with Alexander Albadjev in Spetsen, who was with and founded Toadman EG7 who has been very long after that. He has created a safe line which has been sold to Bridgepoint for several billion dollars. He has been on 10 % and has been able to do this. He says that the interest conflict will be done with this so now it's extra stifling in the end of November. It's interesting. He has been on a company in the company and the company is very low because of these conflicts so it will be very interesting what happens here in the future they have a business with more games that are playing and ticked and low risk and then they have the pen with Alien-spel where they are for the next studio where the president and the president and then they're all in the company which creates very weird conflict but it's very interesting what Alexander should do here and what the Swedish government should do they're a group of 30-40 % of the company it looks like a hug-sexual I've been following the company and I've been following the company and it comes in a sweep that just takes more than a hundred thousand and they just buy everything and it looks like if someone's going to sell it on then they sell it on then they buy it more Then he's a more snurr.

13:11It's a volume-sner. Yeah, exactly. It's a volume-sner. So it looks like a hug-sex if it's the ganker against the svenskans. Who will take the most of the most of the akties? Yeah. And the akties had come up from 11 in all low trust for the company. It came up to 18 when it came up that he had to buy the post. It felt like he had to buy around 15-18. And then came the report The report was pretty bad, plus that they stopped more money in the game and had to do it. Then it came down to 11 % on the report. It went down to 25%. So I bought it. And then it started to continue to continue. So the action came up to 13 % and then I sold out.

13:52But it was almost like it was going to go to the stream and hear what the plan is about. And what happens both with the VD, the VD, the VD and the VD. so if you're looking at a little action then you should look at this company and see what's happening then we had Embrace, they were going to spin out their game there were a little no one who looked super-tugged and the smart data-spelskills you follow Paradox came with a for a while-to-one so it feels like it's a little bit but it's still very very good in the data-spelsbranching It's going to be a lot of studios all the time. If you come with a bad game, then you can be a good game.

14:38It's not glory days in the gaming sector. If we talk about the power of the Saab, the new flyer to Colombia, the action went up a lot. If you look at the sector, it's just Saab and Rheinmetall that goes well, while rest of the Mildef, Kebni, Kog, Allt annat går superdåligt. Vad gör du för tankar över det? Att det bara är Saab och Rheinmetall? De ska till Kanada va? Jag såg att Kungen ska dit och såna saker. Eller såna saker. Kungen och Ebba Bush. Dusa ska väl med. Exakt, det var några fler. Tanken är väl att det är en gripen order på gång kanske. De ska sälja in gripen i alla fall. Man har ju svårt att ta till sig alla de här siffrorna.

15:27That it's a 20 plan for 50 billion And so it's going to go up Now it's going to go up 6 % But some times it's not going to go up all It was a company that thought it was going to go up 3 It was going to go up 30 But ETFs are the big big That's my feeling And Kebney, Mildef Mildef is super blanked So it's very interesting how it plays out Mid and small cap sentiment I forsvar If it's not hanging with there or if it's totally over-dating in the big companies? Yes, I don't know. Size matters. The big companies have where they can get liquid and volume. It's hard to get them in the middle. They don't have any index.

16:16So when you do big companies, it's like Raymetall and Saab. If Raymetall had a form of update today, then it was their 20-30 this is one of the few branches where you can talk about what you want to do for the long lead to the order and then they were from 40 to 50 so it was 50 billion euro now so they were 25 % and then it got very much here in the morning so it it was on that order has not begun, it is like 2030 that you come to go it is not first quarter 2026. Man kommer se anstormning i order. Saab har haft ett fantastiskt Q4 här med olika order hela tiden. Känns som att det bara sprutar i nåddar varje dag.

17:03Q4 är ju en försvarskvartal och december är ju ett... Det är väl då alla statliga myndigheter och liknande FNV och i andra länder har sina budgetar. Budgeten är slut. Då lägger man sina order på det man har kvar i december. Så det brukar ju vara en bra likadant. Ofson, det var alltid att de fick all of their rymdkontrakt in December for that budget is and and and I don't know I don't know if Sabi is or not on long time I don't know if it is so but just now just now it's I have to do with it it goes trend in this if it it is a apen in Ukraine so it

17:48will go down it it will not like akut with exponeringen. So then you'll get a set of things. But on a long way it's a sector that will grow. I think it's really small and small and small companies here that are under-exponerated so that you can look at. I saw it was some that wrote about 4SEE, which they have gone very bad on. They noted it in the UK and now they would be going to try to buy their private and just sit on the back of the back of the back. It's interesting to follow that. It can be that this point that you talked about att man kanske inte ska krångla till det. Att det är en bolag som har lite problem.

18:26Är det där det finns stora chanser eller ska man bara köpa Saab eller någon försvars-ETF? Ja, mild är förblankad och det är mjukvara och sådana saker. Och kodvara. Ja, det är både och. Men vissa saker kommer ju de här stora göra in-house. Det får inte bli för många chockar på vissa saker. Nej. Om vi ska prata nedgångsmarknad. Det är väl 5 % ner minst här på typ 3-4 dagar which is very interesting for the time. I've been on a little bit. I've talked about it before. I've been on Snapchat, Tiger, Bone Support. Then you're just like, how do I do with these? Do I want to get them? It's just a little bit.

19:04Get out of the way. This is not a big conviction. I've never been on the post yet. So I'm not going to go 5 % off. It's probably when you're going to get to the right. But a good rule can be to look at how relatively strong the market is. and they get very much I can see the American companies Snapchat and so the ones have held pretty well but it's still going to 1 % and it's many companies that go down to 5 % so just because AI is going to all the USA is like a gung and then they probably maybe not have been up but it's a lot of bad things that happen in the USA because they have many winters not just in Snapchat but all the way over the company so it can be a good way to look at how they handle versus the market it's a good way to look at when the market goes up som den förhoppningsvis kommer göra någon gång då är det oftast de bolagen som studsar bra de som har handlat starkt i nedgången Sen är det ju liksom Hur gör du med dina posar?

19:57Du kanske inte har några swings utan du har bara dina långsiktiga skitpossar Jag har ju Snapchat som du har Jag sitter på den Vi kommer in i en säsong här där det Där det kommer snappas rejält runt jul, tänker du Exakt Nej men vi har fängt Skiving nästa vecka och det har ju gått till att what it was, igår var det ju typ sannolikheten för en räntesänkning i december under 50 % helt plötsligt från att den var helt inprisad för ett tag sedan. Så det verkar ju vara en coin flip. Jag tror ändå att de sänker. Men det har ju, där har ju någon, har det ju hänt med förväntningarna på räntesänkningen. Ja.

20:36Vi får jobbdata på torsdag och så har vi en viddjerapport imorgon kväll. Så det händer en del. Och jobbdata, varför den blir extra viktig för vi har inte fått någon på ett tag. Nej, exakt. Men, But, yeah, it's seasonally it's not optimal to bash. It's been a year where it's not going to be a strong slutted year. But AI also skakar. Blue Owl, Wealth Management in the USA that has gone down how much as possible. They have a private credit fund for rica and institutions. They have gone really bad. They should go together with with a credit fund that they have. And problem there is that their private, which is on-notated, the ones have been put on to NAV, while the public one is under NAV, and so they will put in all of them on NAV both.

21:31Financial engineering, when it's best. It's like that the ones who sit in private private fund will take a direct torsk on what it looks like 20-30%. and when it blows private credit so it's directly on AI for AI and data centers have used so much of private credit so when it's there in the sector that it blows, then it goes to the two down and then we can add on that we mentioned it in the previous episode Sam Altman was in a interview and answered like a 12-year-old on the question how he should finance a trillion dollar of order and he answered I don't want to have your own actions, I can buy them and sell them to another it's just a 12-year-old so it started well, Osa, a little cut it for the Palantins' it's a synd that the not is he was notated, he had to be able to he said today, he said he was a tweet that he wanted to buy so that he could buy all the haters so blanked and when you hear so many times from Palantins' VD and OpenAI that's a warning I think you can see that you can see that Klana was well done well but the 10 % has not all gone well and much on the market it doesn't matter about your own it's about sentiment it's about expectations it's about I think it's lest to be out of the way and scream very much yes but then when you're onoterated it also matters very much sentiment I mean I mean, the value of the market is onoterized.

23:11I wish they could meet the value of market. Mark to market. It would be very interesting next time they should do a round. But what I react to is, it can look like a question on a question from a funder and a VP that it becomes anti-hela sektorn. Men sådana svar som de har gett på de senaste intervjuerna Tycker jag avslöjar dels en arrogans Men också att de innerst inne vet om Att de är ute på djup vatten Klar, när han sebbe var ute i går Eller förr i går Och sa väl att han ville hedga sina AI-postar i flätt För att snacket i korridorerna var helt annorlunda Jag vet inte riktigt Nej men det är det jag menar De aggressiva svaren När man får faktiskt helt normala frågor a little tough than what they've got when all the people have got more than the people have on the way up, but when it starts to blow a little then it comes more difficult to get more questions and then the answers are like Enrons VD's skilling who called an analyst for asshole on a conf call, like the last conf call before everything was done it's just like it's just like when it happens Fingerprints VD was also tough on top in conf calls I think that it's a lot of all the time They know how much they have nested in In the venture Financing It's a stokish There you go Have you been to buy some of your own How do you think about your SPACs How do you think about it I think it will come From antony Trump or Fed Fed has hinted at them That they will end QT or they have done it in principle next step is for QI so now when it's here I staked my shorts on these for two weeks so that I should put on these here it feels like it you have gone around in two and a half years and thought that the world is going to go under now you are like clear I was long in May on the tullkrig when it goes down so I'm more hapsed and when it goes up so I'm more bassed But then it's season also You can take a government chat And so as it opens up So it's going to crash And then it's going to be And then it's going to be Thanksgiving, Black Friday And July So, no I don't think that I don't think that Hans ammonium should Borde ju ta slut He can't just Just try the first time It's hard to get the president That's going to be It's going to be a massive Uppgång all the time Because he thinks Börsen is going to And then Man can also think Man can also Havda på For a few months So was Powell the biggest asshole that went on the score in the administration.

26:02It was very soft from Besant and Trump against Fed and Powell the last months. So they might have aligned... But if they were so that they didn't get any data, it might be there they were. Exactly. But they might have some alignment there. How they should... That it will come with a lot of things. I don't know if I... Saisons-messely... Now I have a little of the worst H in AI I have lost it We'll see if it has already Topped or if it comes after I'll be able to do it I'll be able to do it But with that We don't need to take new high I don't want to show this But I'll look after it I'll buy value Råvarubolag Not Adelmetall The gold, crypto and AI-actier are the same trade.

27:01It has been in the last few months. Crypto is very bad, so it's very interesting if it's a form of leading. It was first to go down when it took 20 billion dollars. Then, some weeks after, went gold from 4 ,500 to under 4 ,000. and now which market is. Crypto is a form of liquidity. How is risk sentiment? How much liquidity is there? Vissa say that it's a risk off. It's not so many. I don't see risk off either in gold or crypto just now. It's just a temperature-mated on risk. Följa crypto can be something to do. Eftersom that the one is first. So we'll see if it's going to go down first. If it's going to go down first.

27:52We'll see. And crypto feels like a such instrument. No one wants to buy when it goes down and everyone says that it's completely worth. And everyone just wants to buy on top when it goes up. If you're crypto-intentioned, it's now that you should buy. Not on 126 thousand. But so it's in the market over the way. All's running out when it's in the area. Now I say not I'm in the area. Far from it. I'm not a house. I don't want to take any AI-bolag I have very much cash And I want to look at Value-bolag Låga multiplar So that has forgotten It's something I look at That I think can hold on Or get rid of it For at the beginning of a nedgång I don't think people leave the market They rotate In the trough of a company Take Novo as an example Alla tjatar om deras tillväxt Men nu när det inte finns någon tillväxt i AI Då är det plötsligt P12 på Novo Det kanske blir intressant Jag tittar på lite oljebolag Det känns som att det verkligen har fått effekt Med low oil och liknande Och nu fick Trump nya mandat att köra in nya Tullar där Så det känns som att han fortsatt ska trycka till Ryssland och då borde oljepriset Kunna få sig en liten spike uppåt It's also like that they don't have a high value.

29:17If you don't just want to go out Maduro and Venezuela, then it's not going to be lost. Now they don't have their production in the way, because it's so after salt. I think it's not going to go fast. No, it's not. But just sentimentally, it should be possible to do something in the oil. Yeah. Kortsiktigt, yeah. Yeah. Is there anything else you look at? Or how do you think about these SPACs? There can be some back, so there should not be a big deal. It's 10 dollars. Yeah. Plutally, now You are really excited for them I think it's the best strategy Yeah Are it taxing we have talked about What is it, 10 ,70?

29:54Got it from 11 I think it's interesting With CoinShares, they were up to buy The SPAC, the one is 10 ,70 So it's 7 % over Budet, and CoinShares Budet was around 172 If I was right, so it's over 180 kronor and CoinTrade goes down now when crypto goes down which is right for their asset and management so they have in their fonder goes down but it's going to be very interesting how the SPAC-fusion goes through how it works when people get their own, what will they handle after because they handle to very low value compared to the USA or it's going to be a total crypto-stuck here and then it's a bad trade but the one has come down from 150-160 to 140 here and you have a much higher up.

30:43So, the one is also from the side. Yeah, and then we can talk a little more about AI. What I look at, if I look at Google, Alphabet. Not 50 % more, now it's double. Now it's you and Warren, but he flagged 30 September. Yeah, he has been in the summer. So, I don't want to have him here, but if it continues to blow up on the market, so I will have AI-exponering so I will probably buy Google instead. For that people say that their search will be slated out of ChatGBT and so on. And so it's a little bit of a half year. Yeah, Gemini is very good. It's not so far from ChatGBT. Then they follow the Google blog, their tech blog.

31:31Now they're new features so that you can book a restaurant and restaurant via AI-assistenten. They will be partnered with Booking and Expedia And then comes the assistant that you don't have to go in yourself But you don't want to go in What you want to have So just AI mot consumer So I think they can win And then We mentioned a little quant Innan All right It's the company that has the most Fremstant research And has the biggest budget It's Google. And they come with the Willow chip 2019, which was the biggest breakthrough in Qwant once. Would they come with a breakthrough where they can use it on a left-hand?

32:20Maybe it's a long way or not. It's a bit of a black box. But in theory, if they sit with a monopoly on a chip, they could drive their AI to a break-up of cost than what all the others do. and then they win. I think it can be interesting to look at Microsoft if it could start to blow up on OpenAI. It's like they are still a company. OpenAI is well in all of these assistants Office and like that. If it could blow up on OpenAI, because they lose so much money. What happened with Microsoft then? It could be a lot of games on OpenAI. I'm looking at the value of Google on P27 It's not It's not billy But with the other over 30 But if it's coming to the next I'll see if I want to see it If I want to have AIX Yeah Man is not so suging on Cloudflare in all the way The brandweck that has been The internet that has been It's a example On a Boomer variant Of that go long at expoing to AI it's like to buy Alphabet if you want to say is there anything else you want to say before we start a midday report tomorrow maybe the most important report ever what can come there that will go up not much I think they learn to make up we have seen CapEx on all rest of Magnificent Seven