The BIGGEST Investment Idea I’m Betting Will OUTPERFORM For Decades

0:28Hello, everyone. We've got a lot to discuss today. All right, so every great investor that I've studied comes up with one important big idea in their career. The investor spends decades trying to express this big idea over and over again in a variety of ways. Warren Buffett's big idea was to buy companies and assets for less than they were worth. It's a pretty simple idea, but one that allowed Buffett to create an insane investing track record. In fact, this one big idea may have made Buffett the best investor of our lifetime. Now, Carl Icahn and his corporate raider peers, their big idea was to use activism to influence company operations with an eye on improving financial performance.

1:06That single idea helped Icahn create four plus billion dollars of value for himself and his family. Masayoshi Son's big idea? Bet big and bet early on transformative technologies. That strategy proved highly lucrative as he made massive investments in companies that pioneered different sectors of technology. Masa even was the richest person on earth for a period of time because of that one big idea. Now, Steve Cohen's big idea was to build a multi-strategy, research-driven hedge fund that combines multiple teams of traders in diverse analytical approaches. Now Cohen owns the New York Mets, and he's built a multi-billion dollar net worth for himself.

1:41The list goes on and on, but you get the point. Every great investor gets one big idea they can continue to implement in various ways throughout their career. So I've been thinking about this concept for a while now, and it recently hit me that I had a single big idea that I've been chasing for years now. Without realizing it, I've been trying to take one conclusion about the world and find as many ways to express that idea as possible. So what is my one big idea? Well, the government is never, ever going to stop printing money. That's it. It really is that simple. The value in this idea is that it can be described in a single sentence.

2:16It is applicability anywhere in the world, and the investment universe related to this big idea can handle infinite capital demand. Everyone, including you, can participate in the trade at whatever scale that they want. If the government never stops printing money, Bitcoin's going to millions of dollars. Gold will keep accelerating towards$10 ,000 an ounce. Stocks will fly higher and higher and cash and bonds will be a losing trade for long-term holders. And any dollar-denominated asset class from real estate to art to sports cards, they're all going to be worth more in the future. The key is to find the assets that are most sensitive to global liquidity and or the assets that benefit most from currency debasement.

2:55There are different applications of this idea in different geographies, different asset classes, and different industries. I'm sure there are plenty of other people who have their own big idea to pursue, but this one, this one's mine. The government will never stop printing money. So get long and get loud. Hold the assets that will benefit from currency debasement rather than take the debasement on the chin. At the age of 37, I hope I have another 40 years, four decades, to spend every waking moment of my professional life trying to find different ways to express this single big idea over and over again.

3:27Now, hopefully my conclusion is right, and I hope that each of you finds your big idea to focus on as well. Oh boy, here we go. The United States of America is about to fully accelerate, and now we have some of our smartest people tackling our hardest problems. But before we talk about the latest announcement, we've got to understand an alarming issue that is facing America today. Mike Solana, the GOAT, wrote in Pirate Wires, At its peak during the Cold War, the United States enriched over 90 % of the world's uranium. Today we produce less than 0.1 % of global enrichment with no domestic capability to enrich uranium beyond 5%.

4:04That means we are actually incapable of fueling our most cutting-edge reactors without the help of foreign governments, most problematically including Russia. And Russia is where folks typically credit the shift away from American enrichment. That doesn't sound good. It's a big problem. But thankfully, General Matter, a new company founded by Founders Fund partner and former SpaceX engineer Scott Nolan, agrees with Mike Solana's analysis. The company claims that American progress requires nuclear power, and they plan to create U.S. Pioneer Nuclear, which is the safest form of baseload power and the only emissions-free geography-agnostic source of energy.

4:40But they say that self-imposed limitations slowed our progress, which reduced our prosperity. Today's world requires us to once again lead in nuclear energy. And that's what General Matter is going to do. Now, in order to pursue this mission, General Matter has signed a lease with the Department of Energy to establish the nation's first U.S.-owned, privately developed uranium enrichment facility. And it's at the former Paducah Gaseous Diffusion Plant. In their announcement, they say that we will produce the fuel needed for the next generation of nuclear energy, central to America's aspirations in AI, manufacturing, and other critical industries.

5:14We will end reliance on foreign adversaries for the nuclear power, which powers 20 % of our grid. Now, just think about this for a second. Zoom out. We have American entrepreneurs who are taking on the impossible. Enriching uranium is something that America used to do. It's in the rear view mirror. We don't do it today. And actually, the rest of the world supplies it to us. But we are putting together private capital. we're taking bold risk and we have smart people and you put those three ingredients together and they're gonna get cooking. And the beauty of this is this is how America was built is that our risk takers took risk to do what people thought was impossible.

5:54I'm cheering for these guys. It's awesome to see them doing this. And I hope that their big bold bet will inspire an entire generation of entrepreneurs to go and do things like this. And the beauty of it is that historically people would have waited on the government to go and enrich the uranium. But instead, now what we have is private sector entrepreneurs saying, I will take up the mantle. I will take on this task and I will solve this problem. That's what American entrepreneurship is all about. Scott Nolan and the General Matters team, Godspeed to you. I can't wait to see you guys succeed. Now, we all got a friend who says, if I had bought Bitcoin early, I'd have billions of dollars.

6:35No, you wouldn't. TechDev52 on X says, if I put$100 in Bitcoin in 2010, I'd have$2.8 billion now. No, you wouldn't. If you bought$100 of Bitcoin in 2010, you would have watched it go to a 1K, 100K, and then 1.7 million. You would have done nothing. Then that 1.7 would have went down to 170K. Still would have done nothing. Then you would have watched 170K go to$110 million and still did nothing. Then you would have watched$110 million wither away to 18 million. Did nothing. Then you would have watched$18 million surge to$390 million, and you still would have had to do nothing. Then watch$390 become$85 million.

7:11Then$85 million would have went to$1.6 billion. Still, you would do nothing. Then you would have watched$1.6 billion go to$390 million, do nothing, and then watch$390 million surge to$2.8 billion. And then for some reason, you finally would say enough is enough. Yes,$100 in 2010, according to TechDev52, would be worth$2.8 billion today. But let's be serious. How many people could actually handle that volatility? How many people actually have diamond hands? I don't know, man. Seeing something go from$100 to hundreds of millions of dollars and not selling, and then watch it all fall and still not sell, and eventually it recovers all the way back to billions of dollars.

7:50Any one of you guys who did that, kudos to you. You got strong diamond hands that most people could only dream of. All right, I got a special little treat for you guys today. As you guys know, I constantly am searching all over the internet to find different voices with different perspectives. I'm a firm believer that the only way that you can get smarter and better understand the world is to seek out perspectives that are different than what you currently believe. If you simply just read, watch, or listen to people who all agree with you, you're not actually stretching your imagination. You're not actually testing your ideas.

8:22You're not expanding your perspective. And so in this pursuit of always finding people who think differently, you come across all kinds of different characters. Some of them are amazing. Some of them are a little shady. Some of them are really smart. And some of them turn out to be pretty stupid. Now, in my pursuit of trying to find these different people with different perspectives, I recently came across a clip that was going pretty viral online. And I sat down and I watched it and it blew my mind. Now, this clip comes from world-renowned economist, Richard Werner. Richard is known for coining the term quantitative easing, pretty important theme in today's financial world.

8:56Now, Richard is also known for his critical views on central banking in the financial system. So Richard has his whole theory on credit creation. Some people agree with him, some people don't. He's also been criticized by Austrian economic minds for his views on banking. Now, as many of you already know, Bitcoiners tend to be very sympathetic to the Austrian economic view. So this guy has some thoughts that I agree with. He's got some thoughts I don't agree with. He's got a whole perspective of the world that I think is worth being exposed to and learning from. But it's also important that you don't discredit who he is or what his views are simply because of who he's talking to.

9:29Now, who's he talking to? He's talking to Tucker Carlson. Some of you guys like Tucker. Some of you guys don't like Tucker. Sometimes Tucker says things that are smart. Sometimes he says things that a lot of people disagree with. I don't care who the host is. What I'm focused on is who the guest is. And Richard Warner is somebody that you've got to pay attention to. And so here is what Richard had to say about the role of central banks in relationship to geopolitics and war. And given how much war has been going on, geopolitical conflict, I thought it was important for you guys to see this. So take a look at what economist Richard Werner had to say about the role of central banks when it comes to all these geopolitical conflicts.

10:03Well, central banking and warfare are very closely linked. the as i said i mean the the modern um major bank the first modern major bank and central bank was the bank of england of course and in the very um act law act of parliament the law founding it it says this um institution and mechanism because they they didn't want resistance they don't mention bank of england what we're doing here is establishing the bank they kept that secret So we're doing a mechanism, a new mechanism by these investors to raise and lend a lot of money to the government, namely by establishing a company, we'll be allowed to establish a company, that's the Bank of England, in order for what?

10:49In order to wage war. It was in order to make war. So they're closely linked. And of course, if you look at the founding documents, it says that. In exactly the Act of Parliament establishing the Bank of England, it said the purpose is to make war. Do you know why the Federal Reserve was established there? And there was a rush to establish it for 1914. The year the First World War started. Exactly. Destroyed Europe. And again, it was done with subterfuge. I mean, you know, gathering everyone on the 23rd of December 1913 when nobody was there. And then also introducing income tax. That's also the Bank of England.

11:27It was established together in the same act calling for establishing new taxes. Why? Because when you have these central banks, privately owned central banks established, it's basically this trick where these entrepreneurs persuade the government, oh, you don't want to make, you know, you don't want to issue money. We'll issue money for you. What? That's what they're essentially saying without being so direct about it. But that's what they want to persuade governments to give up the power to create money themselves. We'll do it for you. And we'll lend you the money. And henceforth, well, how do we get our money back?

12:03Well, we love to lend to the government because you can raise taxes. And that's why taxes were introduced. The federal income tax didn't exist before the creation of the Fed. It was also created in 1914. So you couldn't have one without the other? Well, whenever central banks created, they introduced new taxes. One way or another, yes.

12:24The central bank of the United States, the Fed, was created right before the war. I mean, right before the war, three months before the war. What was the role of the central banks during that war, the most important war in the last thousand years? Yeah, well, it was really at the pinnacle of the war economy. There's no doubt about that. It's very clear. And the same is true, of course, for the other side. Now, from 1917, the US and Germany were at war, which is very sad. A lot of Americans of German descent, and Germans didn't really want to be at war with Germany, but that's what happened. So we've got these two countries at war, sad, the soldiers dying in the trenches, and their economies organized as war economies at the pinnacle of the war economies are the central banks.

13:16So who were the key players in the German central bank, the Reichsbank, which is 100 % privately owned, was somebody called Max Warburg, or Max Warburg, you might say in English, And who was at the pinnacle, in fact, was a founder of the Federal Reserve, and who was the key person there? It was somebody called Paul Warburg, his brother. But of course, the soldiers have to kill each other, and these two countries are at war. Wait, wait, wait. The head of the German Central Bank and the head of the American Central Bank were run by brothers during a war between the U.S. and Germany? Yes. Now, I have to qualify.

13:57They weren't the formal governors, but they were the key people. Did anyone notice this? Well, some people did. I mean, probably encouraged not to notice that. With Paul Warburg, it was obvious because until 1911, he was a German citizen. He'd only just come over for that purpose to set up the Fed. And he was speaking, I mean, half German, basically, when he spoke English. So, you know, it wasn't. I mean, if you were looking for some details, you'd quickly find this. How did the brothers do during the war? Were they destroyed? Were their fortunes taken away? Oh, no, no, no. Of course, Max Warburg stayed in power at the Reichsbank.

14:37He was the one who signed off on Hitler's proposed head of the central bank, even in the 1930s. It was also Max Warburg still. Now, like I told you, it's a pretty interesting perspective that you're not going to hear many other places. That, to me, is the beauty of the internet. Sometimes you're going to agree with it, sometimes you're not. But ultimately, any time that someone can provide one of these perspectives, they can back it up with data, facts, and historical analysis, and also have been right in the past, I always think it's worth at least being exposed to the idea and paying attention to it.

15:08Richard Werner is a serious person. He's somebody that a lot of people turn to to better understand how the economic system, the banking system, and credit creation happens. So whether you agree with it or not, let me know in the comments because I'm trying to learn more and this perspective is pretty interesting. That's it for today's show. I hope you guys enjoying it. Thanks so much for always tuning in. Please make sure that you're following us on X and please, please, please make sure you subscribe on YouTube. We're trying to grow the channel here as well. And I'll see you guys tomorrow live from the desk of Anthony Pompliano.