Avsnitt 559 - Bättre sent än aldrig

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. We're going to have a good time. We're going to have a party.

0:29In the end In the end I satляются I Sz ihren dinosaurium, we played in a great episode of the show with a great voice. What happened then? We had a teknic-stry. You had not been able to your usual clown-try as you were there on your front. Yes, and you were a little for sure, so we could not do it. But I think it's better today. It's more energy today. It was near a Bushpodden moment there. It was like I was going to do with my wife. We never heard it. Yeah, exactly. It was a general repetition. Yeah, exactly. We have laid out a few other things. It has happened a little bit over the night. It feels so good to play in on a Wednesday.

1:25Our day is just a Tuesday. But we will talk a little about True Caller. We will talk about Coffee Stain. We will talk about Yubico. We will talk about AI-spanings. You have been in me at Elzat. We will talk a little about what's happening there. It's a little bit of a jull rally. You have a little bit of your raw material. Yes, now silver is on high. Platinum is on high. The raw material is on high. So you see the rotation from AI in the hård channels. They are silver and farbror. Exactly. We'll go on.

2:09We are sponsored by Saver. We were going to talk about automatic and return to spare. You can do it both week and month-to-week. It's perfect. You can maybe get a month-to-week. Here is a month-to-week to the barn. It's very smooth to make a month-to-week or month-to-week. Hos Saver, antingen kan man göra det i en fond, så kan man välja om man vill göra det en gång i veckan eller varannan vecka eller en gång i månaden. Eller så kan man välja en automatisk överföring, att man bara sätter in pengar så att de dras från lönekontot där man väldigt enkelt gör av med pengarna på roliga grejer. Och sen så kan man fördela det på Savers enorma utbud.

2:54Och ja, det är ju perfekt att månadsspara för då snittar man in sig både när börsen är hög och när den är låg.

3:27Yes, exactly. It's an easier in step than to have to make the big decision that you should go in on the market. You can start so, p-p-p. Yes, and something I notice, we still have a lot of time with this when you have put up a depot for your children and you think, I'll put in some money. But if you haven't put on this auto-sparation, it's very easy to forget it. And then it's gone two months, and then you have more children. Yes, then you have to get up and then it will cost more. Yes, it will be a bit more. It's really good to get a structure on this. And above all, you'll get a better structure on the price.

4:02So you'll get under a medium curve and get a price. For a good price, either your own own or your own own own. Or who you want to spend. It's easy to do with your saver. You can just land on the app or go to the website and set up a automatic or a week or month. And then you can just choose. Many of these are very much ETFs where it's a gratis quarter to example. And they're talking about every day. So there's a lot of money to go to a week and spend. Yeah, but really. And it's never a bad time to start. It's just about starting. Yes, so be a kund if you don't know what it is. And set up a automatized spar.

4:50Stort tack! But remember, investing in your risk is not sure that you will get back your investment capital. Thank you.

5:26market. The market is not the case. The market crash and has been since it has been a bit since then. The first thing is that many companies are based on Google's algorithm. You can see affiliate and like that and you can see how big the power Google is on. It doesn't feel like they are a big or small or small, but they are the same for all. Now we have a little here and then it's very hard to get it. It's all very hard. This was already in the past quarter and now it's still in the past quarter. Now it's been stabilized. But it's been a really hard year for True Caller. I saw that Carnegie was out and said that it's almost no more than a side.

6:12They'll hope for the aktie-gold. Yes, really. The aktie-gold must be quite sargated now. It's the third time they do a so-called in the year. Yes, something like that. So, yeah, it's It's a lot I don't know I don't know If you look at the numbers So it's a billy But Yeah, it's It's not a fun Now we're talking about That Now maybe the annons Smällen Like I'm doing I'm doing And now Kumbharknader I'm going to look at What are the Premium All right All right All right All right All right All right All right All right All right All right All right All right All right Yeah, exactly. I've been looking at it many users.

6:57I've gone on a lot of time. If they had 500 million users, market cap was on 5-6 billion. So 10 kronor per användare, it's probably what you could have to pay per year or something like that. But they get less than anything and less than anything. They have business and premiums, they post them still well. But some are well aware of that they've been able to pay for 0. to 0 so if they can go back to this so there is still a lot of potential or so it continues to be it seems like you have to get to the deep I saw that Visroy was out and weaved this took off his blanking from 2020-20 I have to see how much of it they talk about, so they have played out or not blanking has been upenbarligen found this, they have been in the summer it's interesting if they They were able to snap up that Google would change traffic.

7:51I don't know what it is they don't like. I don't know why they didn't want to go forward. There must be some Google expert. But it doesn't seem like it should be a lot of other things. It's like chat-GPT and AI-based. That you don't have to do it. But it can be more than that. But it's not a search. It doesn't feel like it's related here. No. I don't know what it is. But the end I want to say is that the foreign bankers should have respect for Yes They have gotten very much right on the svensk Yeah, but this feels like a perfect new year's case If you like the case, it will definitely be a little flöden, it was a nice to open the lock on the wind, go up it will come a little positive analysis it has continued up after it I think it was below 16 kronor here and so well in 19 So now he's rep heartbeat quite well here but he dropped for 70 done some

8:55worth侶 check out Yeah, exactly. And after a such a role So it will be a little bit of a hand Vissa will be able to get out and it will come new And then maybe Some fanbärare So they can explain the case And this is a part of that you never Should look at the course development Or that it was 60, then it must have been Billig then, now it's 30, now it's billig here And then it goes to 16 But You need to look at what happened now Why did it go down And to get to what it stood before For that it can have been a print, it can have been a value of a value, it can have been a completely different world or something like that.

9:33Precis. And I have not bought the true caller, it would have been open to me, but I have been left here so there have been I have been. It's almost like the same place in Yubico. I saw that they sparked the VD, it's maybe the new start they need. It's also one of the sjuka grafers that I've seen. coupon säger Okay

10:09I think Well Being It's a lot of fonder who takes it for it's hard to find a safe safe with liquidity on the svensk market. So many svensk fonder köper the market for the expo for the sector. I think it's a lot of so that it's been in index and so on. And then when it's been there, it's a relentless flow out instead. Exactly. Exactly. They have missed more reports in a row. It has been a bad price. It has been a more expensive price in the USA. It has been a different reason to this. So you'll see if it's a form of back to basic. Or what it will be. It feels like a quarter to quarter. It feels very difficult to spore.

10:59Then you'll get a higher price. If you don't know how many of the besties you will get in the coming year. I'm not sure I'm too bad at cyber-säkerhetssäkning for understanding if it's been a konkurrent that has come out of it, but it's not what I've read about it. I've actually talked about a cyber-säkerhetskonsult who works with all the big companies. He said that the product is really good, the first he recommended. and so that so that it's still not in the co-pays there it's a question and it's a question and it's a question and then we'll see what the future is it's clear it's a competition yes so that can also be a interesting new year's case if you want to buy the dogs and that it's a lot of the flow of the year at the end of the year that's just about that it's just about that it's not to be that we don't care about trend and price and like then we had Coffee Stain, ofknopped from Embracer I started to buy a little before we played in it I've missed it I'm going to have a little bit of this All of them have been bought a little bit I think this is a perfect spin-off This is one of the parts of the Embracer they're up here and this is a little more niche with Valheim and they have the Roblox-tell and a little bit it's the same part of the part Some have been very long-term, some have taken a little bit on the end.

12:31But then they came on First North and it was very passive. Vanguard had 5 million dollars in the stock. They were going out of SPX, I think. There could be some last thing here. In fact, I was going to get a little bit of close. They got a little bit of a price. They are up to 30 kronor. The stock is 21 ,50. So it would be on a month's sicht be a good buy and can get some krona, two, three, four up here with a begränsat nedsida. So I have bought in and waiting for maybe some last sculling here before you take full position. But it feels like a good league over the year. Maybe you'll have a great deal on the sale.

13:15Exactly. It feels like it's probably many of them have gotten this who doesn't have it. Then it's just a try to wait. So there it's just to wait. When the flow is finished. The flow can probably go extra fast because it's soon to be a year's shift if you want to have it out of the way if you don't have it next year. So it's just to wait and see. And maybe when you want to get it. I think that the biggest problem now is that we have so many... Small business goes so bad, small business goes so bad, so you have no inflöden in the fonder. So for the time there was always a lot of money. Now it's almost a little bit of a tin of money.

13:55You see that they sell everything. You see that other funds sell. And now maybe if they want to buy these things, then they sell something else. So I think it's been a different dynamic in that it's not a good thing. It's just no one who clicks in. Here we have a spin-off. And it has been very much in many cases. when a company becomes more specialised and you get lost a little bit. So we'll see if it's going to be some of them to find this. But just now, I love this when it's like a technical stuff like Millicom, annotering and like that that drives a lot of money. And we've had an odd-run mandatum.

14:31I've done some trades that almost all have gone plus. We'll see if we can write this in the same as well as. Exactly. Then we can hop over to EUTELSAT. Emissionen are ready. Actions are inbooked per day for the ones who could take it. And then it came 20 million dollars in over to deal with that you could take it without and those the most you have the most you have a direct winst so that is a little overhang. Yeah they have got an account on 1 ,35 and could have been able to get out on 1 ,90. Yeah, exactly. So they should work bort and then I think it will come orders etc. now when they have a different balance I bought this one when the right started to handle it when the over-to-date came out it's like, you can never have a problem, coffee stain here, all things you always have a different chance it will always be something extra you always have a chance now how do you go but the trough of things when the things are going around it will always be a new chance It's like...

15:44Yeah, but exactly. I'm talking about SpaceX's IPOs in 2026. I think that the more we come from it, the more we'll look at at the U-Telsa, for example, and to compare with Starlink. And the value of the value of it is that it's not a day. Yeah, so we'll see on the next one. We'll see if I'll congratulate you or say to you in the beginning of next year when we're going to get out of this the whole round rocket. Yeah, but exactly. Then we've had a little, as of course, action in AI-world. Oracle with more. What says AI-experten? You're well AI-BASS-experten. What says you? I think that Oracle is interesting to follow, because it's the svag link in AI-space.

16:31It's a weird thing to say that Oracle is a weak link, but of these who are hyperscalers, so are they with the worst balance, by far. They have taken on very much loan They have negative cash flow They are looking to be a a product or a SaaS-based company and then they will be able to 8x sales but how will it be when a SaaS or a product will be on paper while they invest in data centers and buy chip so to the degree that they blir kassaflödesnegativa och belåningen går rakt upp i taket då börjar de helt plötsligt likna ett infrastrukturbolag och då är ju price sales multiplarna runt 2-3 istället.

17:21Och jag tror att det där kan vara lite riskabelt för Oracle -ägarna. För de har ju dragit på sig väldigt mycket. Nu är det snack om att de ska börja partner på datacenter och sånt så de har väl fattat lite galoppen. Men sen de här stora All the intäkter they booked in the summer when the acties were 30-40 % on the report. The 500 billionaires, you can see that it's Stargate-summan that it's been talked about. Now it's just been a quarter since they said that these are the intäkter that the company will be. But it's very low-order all this time and back. I think if you start to think about this, then the order can be gone and disappear.

18:07So they booked all of it for a quarter and just hit 500 billion dollars. It's just a sense of sense. It's not even on the ground. Now it's just been a quarter, but you saw no of the intäkter yet. And the Aktien has rekylered more than the summer. I saw the CDSs, credit defaults, which was up to 15%, which is very high, higher than under 2008. It felt like this has been a bit of a bit of a spook for the whole branch. CoreWeave was down 50 % from top. CoreWeave and Oracle are the svagare länk, because they're very much belated. and people talk about the CDS in Oracle that it's crazy that it's higher than 2008 but Oracle has much more risk now than 2008 because they have a completely different belated they have completely different marginals for they are not just a SaaS-like market with these investments in data centers so if they are a infrastructure company then the default is higher And it's clear that it's higher when they've been taking on 100 billion dollars and they estimate 50 billion dollars, all right, 100 billion dollars in loan and 50 billion dollars in capex next year.

19:33It's just like a lot of money for Oracle. And they're not Google or Amazon or Meta. They're not the balance-requing or the muscle. So Man kan ju titta på Coreweave Och Oracle För att ta temperaturen på AI-spacet Ja men verkligen Jag såg att Chiquelli la upp Det var någon data om hur många minuter Det var ju fortfarande upp i AI Störst, Google ökade mycket där under Och Grock och sådär Jag tror det var 55 miljoner Minuter i november månad Man har svårt att relatera de här siffrorna. Men det känns ju som att det har slagit igenom superstort. Sen är det frågan hur mycket nytta folk gör. Jag lyssnade på en podd med duktiga tech-människor som pratade om att trafiken från erhandlare har försvunnit väldigt mycket.

20:27De ska ju bara inte re-reagreras i LLM och i OpenAI. Så att liksom, ge det här 12-24 månader så kommer det ju att kristalliseras ut. Men det gäller nog ändå att vara på hugget. Man har pratat om att affiliates kommer helt förändrats. Det kommer nog garanterat to shape om många branscher väldigt snabbt. Sen finns det väldigt många galna värderingar och småbolag med galna värderingar och sådär. Men ja, det här kommer ju hända väl. Det här känns ju verkligen, det är så enkelt genom man att ta till sig. Någon som bara... Jag såg att Storbritanniens gamla finansminister Osborn i Cameron-regeringen fick jobba på OpenAI igår.

21:08Det ser väl jag som a red flag. When the politicians start to hop in, then they say, no, then it's probably the company. It's a little like a institution on a way. It's not going to be the most snabblytable thing. No, and then you wonder how it will be. It's not, I mean, the government in Europe from 2010 to 2016 are even the ones are the ones that are in the government. Or so it's the good all way lobbying. AI will be able to get over all of them. Yes, so it is. But then it's very nice to take Storbritannien. Yes, he might have been able to lobby Europe, but he saw still that Storbritannien left it.

21:56We'll see.

22:00It feels like it's for bureaucrat for me. So, my bet is still on that Google will take over the staff. Do you buy a dip in Google or do you buy a 2026? Yes, it doesn't go to open AI. But I think that you see it. We saw Meta go over to Alibaba's QN. That's where they can use their AI. It looks like you have found a obscure site that they can use a Chinese AI. It's open source models. I saw some new ones. But I mean that that's the konkurrensen is very hard. This we saw earlier in years that AI came with the giant leap that came from the chat GBT moment that came when they started their first model.

22:54And then the following updates. Now, updates that come are not so big enough so it goes long so it goes long so And that's the euphoric that has been. And it's probably positive on a way. Then maybe the company will think about it more and less. All right, in the economic terms. But it always comes to a back side. And it takes longer than I believe. So we've done a lot of great hop forward. Now I think it will be more implementations - job and maybe not like a revolution in the future. It's my best. Take the sector of the råvarusektorn, a company that lets the market for or let for the market, then the market goes up and it will be for you.

23:54then comes the long to when you actually start producing a gruva from that you've found something it takes several years and it costs a lot of money and you need to build infrastructure and you need to build a gruva etc etc and it's a little there I think that AI is I saw it in the summer that spadforsaljare blir råvarubolag, powerbolag Elbolag, infrastrukturbolag Som ska vara med och bygga allt där I datacenters etc Ja, men jag såg också Någon smartspaning på Twitter om powergrid Och liknande, det kommer ju Dras väldigt mycket el, nu såg jag att Det skulle byggas massa i Norrland och liknande Men ja, det går ju garanterat Att hitta massa underleverantörer Som kommer gynnas av det här, man ser ju att Munters får ordra hela tiden, så plötsligt They have been from an anti-AI to become a super-AI company.

24:57I thought that the part of the part of the company would buy out. So it's fast in this branch, like Google.

25:09And as I mentioned in the last week, I've been Ethereum and Bitcoin. It's been a bit scary since then. But I see that we don't have all-time highs in all. I saw that Sailor köpte more. It's you and he now. By the dip. It's not so much. He bought it. It's not so much. But it's not. It's still a little bit. But I think it will be a retail-styrd rally over the year and in the Q-A next year. So we'll see. It's just a little bit. But it has come down quite a lot. It's a little bad shit. I like it. I like it. I like it. Sentiment. On that way. so it's good you need to be able to be fin or what are you saying?

25:55yes, so it's always and then you have to be JP Morgan they've been doing it for crypto they have now made it to be able to launch a tokenized fund on Ethereum's blockblogged they presented even in an analysis at the end of November that they were thinking about a long-term goal of$240 ,000 for Bitcoin so it's happening a lot I saw Visa were out and told that they have 3 ,5 billion dollars on Solana in settlements. Two big banks that have settled in the USA that have tried to settle over-saving and so on. And then it goes in the time. You can do it when you want to do it on the day. And they do it on the helges.

26:33So it's a lot that can do it much more smooth. To skill from how Swiss-system works. Yes, exactly. For the last week it was that Harvard sat on Bitcoin. Bitcoin, they have made a investment on 443 dollars so it feels like the more long-term institutions start to wake up and exponents against Bitcoin. So, it will be a skakable as you said. My focus is on Sailor's focus so it feels like you will see if he bought it. It is difficult to understand how you do it, it is the end he does. but I think it's important to hold a call there hold a call on sentiment and directly after we played in for the week so it went 5-6 % so it can go very fast both sides of both ways without any help I'm a little bit surprised on tokenization I think it's very spain we see that Nasdaq now should have had 24 hours 24 hours it's because they see Cryptomarknaden has it so that you can handle it around.

27:45And even on helges. It feels like the future. That's what the market can be tokenized. And that you can handle it around the whole world. Yes, exactly. And we invest in our partner Vertune. You bought their products Vertune Staked Ethereum. And Vertune Bitcoin Prime ETP. and in Stake Detrum so you can get extra oil-avkastning via staking and Bitcoin-products so they have very low income endast 0 ,25%. Exactly, and it is a long-term portfolio and you have a long-term portfolio. And why we choose Virtune and have chosen them as sponsor and we choose to do them because they are svensk-reglerade they are transparent they are börsnoterade on Nasdaq, their products they are its current company they are 100 % fysiskt backade och där de underliggande kryptotillgångarna förvaras offline hos Coinbase som är världens största aktör inom krypto.

28:45Och så är det enkelt och bekvämt att kunna ha det på sin ISK hos Avanza Saver eller Mount Rose och Nordnet. Och det är väldigt enkelt att ha det på ISK istället för på en wallet. Det gör också att skatterapporterings fördelar medkommer att man behöver inte deklarera the ISK is in the schablon-beskattning so it's it's a lot easier and then you can fix the staking the fixer them it's in the product's and it becomes an extra or so you can see it as if it's a gift that costs per year and then they have a flexible product they have other products for example crypto index they have index products that give you exponering for different crypto-to-go and that you can get via a product Till exempel en som de har lanserat med Coinbase.

29:36Den ger dig exponering mot upp till 50 olika kryptotillgångar. Staking-produkter ger dig exponering mot en kryptotillgång med förbättrad avkastning genom staking. Det är till exempel Ethereum och Solana. Och sen har de vissa enskilda produkter som är direkt mot enskilda kryptotillgångar. Till exempel Bitcoin, XRP, Ethereum, Solana och flera andra. And if you are interested in the products, just as if you're looking after the most popular market market, for example, Avanza, Nordnet, Saver and Montero. Yes, and if you're interested in any of the products you want to go to Virtune.com, they have a big deal, so it's just to let you there or write in Virtune at your network, so all their ETFs are up.

30:21Stort tack!

30:27You talked a little bit of a råvaro. Do you sit and blingar in your smycken and in your house? How do you work? Exactly. You can't have them on the stage. No, but exactly. Råvaro goes super stark. Allt takes all time high-nivå. I read that goldpris has hit Thailand's value. I think I should go to the next year and be king with the second. But the bat is on the four-year-old, so they have a correlation with gold. You can spend very much gold in Thailand. There are no gold sellers everywhere. I don't really get up the equation, but it would be that when you have to go back to the bat, so you have got a big win.