Inside Public’s AI Revolution with Co-CEO Jannick Malling

20:31Austin Hankwitz:I want to linger on the mindset part because I think it's a very important feature of what you talked about moving forward. because as people, and I deal with this every single day in my DMs and private calls that I do with people all the time, everyone is so fearful of investing because they feel like they don't have the knowledge and they don't have any control. They're working with a broker or they're in their 401k. And I really think you hit something that's really important and that is what you've built gives them more mindset, comfort, and control because as they learn through these prompts, it's going to make them feel more confident and that's going to make them do better, but also invest more because they're going to feel like they actually know what they're doing with their money.

21:16Austin Hankwitz:It's remarkable. I do one-on-one calls all the time with people and they'll say, I'll be like, well, what's in here? What's in there? What are your fees? What do you charge at your broker? They have no idea. They have no idea. They're like, this is the list of things we're invested in. I'm like, well, do you understand it? They don't. And I believe this tool is really going to help because the mindset part is so important to get rid of the fear and the anxiety that people deal with when working to build wealth and create financial freedom. Exactly. Like I'll give you an example that happened recently in my account.

21:46All the stuff with Iran started heating up. And I ask it like, hey, how am I looking here? Which positions are like to be the most affected by this? You know, any ideas for steps I can take to just like hitch myself a little bit in the short term. And it does give you that full breakdown and that analysis. and then ultimately I can just be like, okay, great, let's buy these protective puts that are one month out. And then I got a little bit of a hedge for 10 % of my portfolio. Great, sounds lovely. And so we see it as a user interface shift because I think it is a different user interface and it changes how you interact ultimately with your brokerage account, potentially in a much bigger way than the shift from phone to web or web to mobile even, because like I said, it's less about entering the orders and it's more about keeping that high-level view and then expressing the intent.

22:43And then this thing will do all the nitty-gritty groundwork for you.

22:47Robert Croak:So when I reflect upon my relationship with my OpenClaw, I went out and I bought the Mac Mini so it wasn't on all my files and stuff. I took my own sort of personal security and I did things that way. You're running the public OpenClaw scale, I'm hoping. I certainly am. But my question now here is like, okay, public has my social security number. You guys have my bank account information. You guys are doing all this stuff. How can I trust you? What safeguards are in place? Like the person listening right now that's in their fifties, that's like, wait, I'm still kind of just weirded out by logging into Plaid to begin with.

23:18Robert Croak:What safeguards are in place to ensure that all of that information is completely safe? So you're hitting on an excellent point. And we kind of learned this. I think we were the first, still only, I think, brokerage to actually have an official OpenClaw skill. And that business has been great for us. It's really taking off. You've probably seen a bunch of viral examples of people building stuff. But the OpenClaw founder even himself said, was like, hey, I did not build this for non-technical people when he was addressed about security vulnerabilities. I don't think he even had a couple of questions around finance and health and things where you don't want it to kind of go wrong.

23:54I built this, like, it'll get there maybe one day. But right now I built this for technical people who are comfortable with full autonomy, having zero control, knows how to mitigate the security risks and knows how to get this thing up and running in the first place. And so what we've heard is we saw a lot of people looking a little bit inviously from the sidelines of the technical people like you, like Steven's CEO, like sets this thing up and it runs and it does all the cool stuff and they post it on social media. But they look at that and be like, I'm not comfortable with that level of kind of risk and not having the control.

24:28I'm not sure I'll know how to really actually set one up. Give it my password. I've never done a command line in terminal before. Like, what about the security stuff? And so AI agents on public are built for them, right? Because it runs within the same environment from a security standpoint that your entire brokerage accounts runs on, right? And, you know, I'm not going to knock on the wood here, but public, I think we have a stellar security rail We've never been hacked. We've never had any of these things that you've seen other companies step into where they leak passwords of this, that, and the other.

25:04And so I think that gives people a lot of comfort that like, okay, I would like to benefit from using these AI agents to run a more sophisticated investment strategy, a more disciplined one, whatever the case may be. But I don't want to deal with all security stuff. I don't want to deal with setting it up, et cetera. That's exactly who these folks are designed for. It's the same bank level security that you have kind of protecting all your assets on public already.

25:28Robert Croak:Let's now talk about the person who turned it on and they pour their cup of coffee in the morning. And they, to your point, look at all the things that happened. And they're like, whoa, I didn't know. I don't want that. So, I mean, you're essentially like giving the keys to your broker to something, right? It's like you're now in the passenger seat. How did you guys build it so people still kind of feel like they're driving the car? That's an excellent question. And this gets really to the heart of probably the single most important design decision that we made, which is to say that we separated reasoning from execution.

26:06And so we actually found a way to have it be that whatever you're conversing with it about, you know, you're discussing what you want to do. It ultimately proposes that workflow that's spelled out in plain English. this is exactly what I'm going to do. Like every day at market open, 930, I'm going to check the oil price. And if it's too high, I'm going to put in a little short-term hedge against your portfolio. That's what I did myself because I was annoyed about my portfolio being in the red all the time, doing this oil stuff. So now I have that thing running. So once you have accept and activate on that, it runs deterministically in your account.

26:45And so it is not making any independent decisions from there. Got it. which is how you get to know hallucinations. Yes. Which has always been the key for us. And obviously in 2023, when we launched research, I can't exactly say that that's where we were. There were a lot of hallucinations, maybe 20, 30 % were hallucinations. Then it got better and better and better on the research. But we always thought once we get into actions, execution, it just has to work in a structure where there are zero hallucinations for people to actually adopt the stuff. And so that's what we built.

27:19Robert Croak:Maybe you can talk about real quick, just to define deterministic versus probabilistic. Yeah, basically probabilistic is if the AI were to itself think about probabilities of how you define things. Deterministic is basically like if A happens or B happens, then C will always happen. And so that's why with a probabilistic model, you have an AI doing more of this kind of inference, as they call it, and therefore having to think more on your behalf again and again and again. And so that's why all that reasoning happens in the beginning when you're conversing with it, obviously, because that's what the intelligence is.

28:06But once you've executed a workflow, it will run in a deterministic fashion, meaning if A happens and B happens, C will always happen.

28:15Robert Croak:So you'll never be surprised. You'll never wake up and say, I didn't sign up on that. That doesn't make any sense. Why did you do that? Exactly. You'll never wake up and have it be like, oh, I know we said to buy gold if this happens, but now I decided to buy silver because I liked it a little bit better on the day. Like that is, but like that could happen with like an open claw thing, for example, right? Or a broker. Or a drunk broker. Yeah. I was just going to mention whiskey. So I think, like I said, that was the single most crucial design choice for us based on all the feedback and all the people that we kind of talked to, all the customers, of like how we basically wanted to architect this at the root level to ensure that that can happen.

29:01Austin Hankwitz:For me, it's all about education. And I hate to keep going back to this, but I think back to when you guys were really taking the forefront for people to buy crypto. You know, four or five, six years ago, even buying cryptocurrency, people would hit me up constantly like, I want to get into the crypto game, but how do I do it? I'm like, go to public.com. It's that simple. And I think this is the next phase of that where you're really opening the doors to make it easier and less fearful for people. So my next question is, with AI, it's starting to really impact decision making and execution like you guys just talked about.

29:34Austin Hankwitz:How do you think AI agents will change the investing experience over the next three to five years because it's happening so fast? And I want to know and have you click on, do you predict that these AI agents will one day even substitute investment advisors as a whole or something of a hybrid of that? That is an excellent question, and it's not the first time I'm thinking about this.

30:02I think it will go step by step. And I think this thing is not evolving linearly. It's like a staircase. Right now, we're at one of those jump moments. Generated assets was one of those jump moments. And so I think research starting in 23, but really in 24, it got quite good. and then 25, it got excellent, already reduced some areas of responsibility for, you know, a broker, a wealth manager, a financial wiser, whatever you sort of have. And they all have different sort of diagram overlap of what they do, depending on who you talk to. Now you're seeing it with actions as well. And so I think that takes another sort of chunk out of the market, you know, and it's not happening tomorrow, but like once you've seen this thing, you cannot unsee it.

30:58And so then you already know a little bit where it's going.

31:04Now, I do think that when you take these chunks out of the market, and that will happen every time there's like a staircase leap, you're taking out from the bottom of those markets, meaning the people that, you know, have the highest price and the lowest quality of financial advisors, for example, they're the ones that are going to go first. And I think generally speaking, the people who are the best in the world will always be able to do what they do. I even think the people who are the best chauffeurs in the world will keep being chauffeurs for the entirety of their lifetime. Because there's always going to be a market that feels that it's a little romantic or like the idea of somebody opening the door for you or whatever the case may be.

31:43Some of the best financial advisors in the world, they do a lot more than just financial advice, right? that they do a lot more than what touches your investing account. But I think last time I checked, there's 375 ,000 of them in America, and they certainly do not all do that. And I think what's interesting is our generation was already what we call self-directed first, meaning the first time you're interfaced with the stock market, you did it yourself. Whereas maybe for the baby boomer generation, the first time you're interfaced with the stock market was in that branch, in that meeting with that financial advisor.

32:18So that was already a big change. And I think we were already on this path of financial advisors becoming a little bit more of a dying breed. This just accelerates that, this being obviously AI agents.

32:32Austin Hankwitz:Well, they just don't offer enough. And that's the hard part is I see all these people out there where they talk to their clients once a year. That's not active management. That's set it and forget it and go play golf. You're going to be talking to your AI agent several times a day. Yeah, and I think people, as they continue to learn these tools, and thank you for building them, because I think as they learn these tools, that confidence is going to go up and it's really just going to help them be better. And they're not going to need all of that because they're going to have that AI agent right there with them all along the way and hopefully keep us around for a couple more decades as well.

33:05No, totally. I mean, at the end of the day, the value proposition is just not there, right? Agents in public are free of charge. They don't charge you.

33:17Robert Croak:So it's really free for me to go to public, do my agent. I get to prompt it with a goal and share it. The great thing is we've already bought a pretty great business model and how we make money that we feel is very aligned with our users. As you know, we put a lot of time and effort into that and thinking about that over the years, making sure that our senses are the most aligned with our customers. We take actually a lot of pride in that. And so we just thought like, hey, gating this behind a subscription thing isn't really the right move for us because this is something that we just very quickly could see will make everyone a better investor.

33:56And if everyone is a better investor, public will reap the benefits in the long run. And so it's a pretty simple business framework decision. This is never to say that we're not going to put up one of these like Facebook style, it's free and it always will be kind of thing. Maybe there'll be another tier at some point. We'll see where all this goes. It's still very, very early with the first brokerage in the world to do this. The general AI cycle is still, I believe, pretty early. But that's at least where we're kind of starting. And so again, I think if you're free of charge, if you proactively have unlimited, you know, sort of share a mind and like power to analyze your clients' portfolios all the time, which an AI does, a financial advisor typically would not be able to, you can ride, you can help solve your financial advisor client's problem by even like writing some code that runs on your account and automating things, et cetera.

34:50It's just a couple order magnitudes, better value proposition. And then I agree, unless you really like playing golf with your financial advisor, it becomes really, really tricky for some of them to keep staying in business the way that they do it today, at least.

35:06Robert Croak:Yeah. Do you think that there is a future, and again, who can predict the future with how fast things are moving? But does this translate outside of just portfolio management? Could this also perhaps, I mean, you guys are doing direct indexing. There's tax loss harvesting. Perhaps there's some sort of tax planning component here, maybe estate planning. I feel like the ceiling is endless. I mean, I would actually inverse that question and say most people's financial lives revolves around their checking account. it should revolve around their portfolio. Like that is actually a great measure of whether you have made it or not, right?

35:46And so even for all of your listeners, I think to have that mindset, that is what ultimately starts, like that's ultimately helps you start developing these rich habits, basically, right? And so, yeah, pun. I like it. And so we often try to have our product team think through that lens, your portfolio really should touch, your whole financial life should center out your portfolio. Now, tax-level harvesting, I mean, I already asked it to help me free up 50 grand for a withdrawal I needed to make the other day. But I only wanted to sell things with long-term capital gains that were trading close to all-time highs with a P-E ratio of 50.

36:30Don't touch NVIDIA Bitcoin.

36:32Robert Croak:That's genius. That's so... Okay, let's just one more time go a little bit deeper here because I think like even these examples, I would have never thought about that. And I think I'm pretty good at this stuff, right? So like, how do you envision people using these AI agents on public? How do you want people to use them? How can you encourage them to think outside the box? Literally, I would have never thought about that, but it's genius because, you know, low taxes and you're selling at all time highs. You're probably not, you know, selling for, you know, it's just, I love it. I mean, actually, people sometimes ask me, it's like, is this a product people have been asking for?

37:09Or is this more like a Steve Jobs-esque moment where we're trying to come up with something nobody ever asked for? And I would say it's a little bit of both because if I go into our customer service chats right now, a lot of people are asking like, hey, I need to free up 20K for a down payment. What's the most tax efficient way that I do that? So in a way, they're asking for it. They're just not realizing that this will be the solve. they're asking our customer service or representatives. Exactly. And we're like, well, our CX guys is like, that's not really our job, right? Yeah. Now our CX folks will just be like, absolutely, I just spun up this agent, just run it in our account.

37:46You're good to go. And so I think even from that perspective, it changes how you service customers. I think it comes back to education. This is a great example of it. We've made sure that every agent has a unique code so that you can share it with friends, which is another way that you can inspire folks. So if you send me the code, I can hit import, put in that code, and that thing, I can hit activate, and that thing will run in my account exactly as it did in yours. Sometimes it might ask you, like, hey, this person was running it for$10 ,000. You know, if you have less than that, it'll be like, I see you only have$5 ,000.

38:23Like, do you want to lower the amount and, like, customize it a little bit very quickly? But for all intents and purposes, these things also have the opportunity to go pretty viral. And I think that would be a big part of, you know, educating and helping people sort of get inspired of what, just how much they can automate in their portfolios with agents.

38:45Robert Croak:Just think about leveling the playing field. I mean, this is unbelievable. I mean, you kind of reflect upon, I would imagine, you know, hedge funds and quant funds and things like that. They've got their own algorithms, their own strategies, their own rules-based things going on that print money for them. but it's you know it's theirs don't look it's my stuff right it's making me money but now some guy on x or some girl on instagram is going to find the perfect thing for this specific situation and share it and everyone's going to see it and then start implementing it themselves exactly and i think it goes back to this argument which i figured really exciting is like i promise you like the people at the banks like they're all just using cloth now they're not i mean like this of the bloomberg terminal but like by and large they are losing the same 20 subscription you might be using for Cloud, but Cloud can't execute trades.

39:31It can't read your account balance. So it can only go so far. You need to prompt it pretty heavily. Also, it can never actually be proactive in reaching out to it, but being like, hey, this morning the market moved like this and this. Do you want to consider free options here? Because it doesn't have access to run your account like that. And so I think, and there might be some things that'll get there with connectors and MCP servers and all this stuff. But at the end of the day, I think when you run a model like the one that we've designed, which also is using Anthropic, by the way, right? Like under the hood.

40:02You know, the harness, which is this technical term for how you basically give it context, context engineering, like we've really made sure that it understands financial markets, like it knows how to read an option chain so that if you want to sell covered calls and you say, hey, can you help me find ways to make five grand this month selling covered calls across some of my top positions, it won't just like dump you into an options trainer and be like, here's the Apple options chain, pick whatever you want. It'll actually ask you a few questions. How much risk do you want to take? And then it'll send you a couple of sort of like, okay, here are three that you could do at three different risk levels.

40:38Which one do you want? You hit the button, it spins it up and actually goes and executes it for you as well. And I think that final step is the really cool thing because if you just use AI in isolation over here and you got to go and implement all this stuff, There's a big gap there. And that's where I think public can quite uniquely play a role in this AI space.

40:58Austin Hankwitz:I feel like all the fake gurus are going to be cooked now moving forward. Good. But the best part really, though, for me, the biggest takeaway is that it's going to allow people to build these systems inside a public without having to be glued to their screen while still actively managing their money, which is going to give them better returns overall with better tools. that is the number one best thing it gives me goosebumps to even think about what I can do with my own money even using this new tool but also what other people will be able to do and being able to share that is such a cool thing that you could put something together that's awesome share it with all of us I implement it into my strategies and all of a sudden boom you're making that extra and this is kind of like a side hustle built into what you're already doing because if someone says, hey, help me figure out how to make$3 ,000 more a month, and it gives you these plans.

41:52Austin Hankwitz:I mean, it's just amazing. No, totally. And I think one of the key words for me is discipline. I think that's, as an investor, honestly, one of the hardest things. You might have a plan. Everyone has these unstructured strategies in their minds, I call them. If you quiz a customer right now, most of them are like, would you always, an NVIDIA investor, would you always buy NVIDIA is down 5 % intraweek. Yeah, absolutely. But then maybe when it happens, they're like, oh, I don't really know. And like, yada, yada, yada. And then the next week it's back up and they're like, oh, darn, I missed it, right?

42:25And so codifying the stuff will lead to you executing your investment strategies with way greater discipline, which is what any institutional trader have been doing by writing code for the last 20 years. There's a reason they're doing that. But now you can do it too, even if you don't know how to code, right? And I think that's one of the key things. And then one of the other, I'll give you just like this other example because I think it's kind of cool because right now we're talking a lot about like the old way and the new way of doing this. There is a little bit of a hybrid thing that I've seen as well among some customers where they create an agent with the instruction of every time I start a new position or I make a trade, just always add a 20 % stop loss.

43:11Just like immediately after so that I never have to think about that. and then the agent would go like, okay, that's fine. Do you want to be trailing stop loss? Yeah, actually, that sounds like a great idea so that it keeps following it out, right? Do you want it to be a limit order with a little color? That sounds like a great idea. Okay, done. And so now this person is just trading the same way they have been on public with clicks, but every time they started to make a trade, there's an automatic stop loss with a trailing stop loss or attitude. And so that's a little bit of like augmented click trader AI agent hybrid model that a lot of people are really excited about right now.

43:48And I think that that's another step, right? And so I think, yeah, 10 years from now, will we still be doing that? I don't know. But right here and now, that is actually a use case that folks are quite excited about.

44:00Austin Hankwitz:It's just so crazy for me because thinking back to when I used to want to have to make a trade back in the day, I had to get on the phone. Hey, Bill, give me 35 shares of this, blah, blah, blah. OK, cool. What's the price? Boom. Click and you get a ticket and you get your thing. It's crazy. But Yannick, before we wrap up, what is one thing you want all of our listeners to understand about this shift towards AI driven investing that they might not fully appreciate the magnitude yet of what you guys have built and where this is headed? Specifically those who are still using chat GPT or have never used a Claude co-work or they can fully comprehend the power of an agentic AI.

44:38Austin Hankwitz:Let's call it the middle-aged investor who still says, hey Siri, on their phone, talk to that person for a second because a lot of our audience is in their 40s, 50s, and 60s. And again, it gets back to education and wanting them to feel comfortable. So talk to them about this. yeah i think whenever there is a massive leap in these new tools it is like a superpower and you don't want to be in a market where some people have a superpower that you don't up until this point i can fully understand people not having played with this because of all the security risks that you hear about every day there's a new leak from open claw and this that and the other.

45:22And so that's why we've designed public securely, transparently, safely running your account. So you have nothing to worry about there. So I think that's number one. I think there's now no reason not to at least start trying this out. By the way, the first ones you can set up can just be monitoring markets. You don't have to dive straight into trade execution. You can just be like, hey, every morning at the market open, send me push notifications or inbox notifications the public if this or that happens or whatever the case may be. And so I think that's number one. You have to force yourself to be curious and you have to dip your toe in the water.

46:03And then I'm quite confident that once you've done that, you'll want to dive in the water. And I was going to say you'll learn how to swim, but the truth is you don't even have to because we've built this thing with all the guardrails, et cetera. So really you're jumping in there with floaters and a live vest and everything. Right. And a lifeguard. And a margarita. 20 lifeguards monitoring all at once. And so I think there's no excuse not to start getting into this. And I think we will see, I said this with Generated Assets 2, every investor in the world is different. They have different risk tolerance.

46:41They have different investment goals. So if you really think about it, it makes very little sense that By and large, we've all been buying the same financial product. Everyone's buying S &P 500, et cetera. By the way, I'm doing it too. But I think a big reason for that is just like it's been easy. It's been something everyone does. It has created potentially some issues about now it's very top heavy with the Max 7 and so forth. And I just think that that's what we did because that was what we could easily do at the time. It was the most frictionless way to get into the market. now there are so many ways to get into the market in a way that is more tailored to what you want out of your money, right?

47:24If you're younger, you're likely to want to take a little bit more risk. You maybe want to go a little bit deeper into tech stocks, right? Like you guys talk about this all the time. Totally. And so you shouldn't just buy necessarily the same product as somebody who's 30, 40 years older than you. The way you think about risk tolerance, like how much money you've got stashed away, how much money you think you'll make in the future, like all these things play a role. I think what's been difficult for people is because we've reduced the role of broker to just be trade execution, they're sort of sitting there and be like, well, my broker doesn't even know who I am.

47:57Like they know my social security, but like if I call them up right now, they have no idea who I am. And AI agents change that too, because the more you use them, the more they will learn about you and the better they will be for you over time. Which goes back to my tip number one, you've got to dip your toe in the water and you've got to start using this. Because if you start using it to a year from now, you're starting a little bit behind the eight ball relative to other folks that have been using this. Not just in terms of your knowledge of how this works, but its knowledge of what you want to achieve.

48:31Austin Hankwitz:But I also think it helps them learn more about themselves. Because one of the things we talk about in the Rich Habits Network all the time is getting people to understand their risk tolerance. Personal finance is personal. We say it a thousand times a month. But a lot of people don't know what the risk tolerance. They say, well, I just want to get rich. Well, but you have to understand where your levers are within that parameter to know how to build wealth, but do it the right way. And it can be through the S &P 500 and the NASDAQ and stuff like that. But now with all these other tools, we can be better investors overall.

49:04Austin Hankwitz:And I think that's one of the cool parts. And I hope everyone listening gets in there and dips their toe in the water because this is phenomenal. Absolutely. It's a little bit like knowing what you want as an investor is actually a big deal. And I often say, like, you know, nobody does therapy for their investing. You've seen Billions, right, the TV show? So they have Wendy, right? Nobody has a Wendy that I know of a retailer. Well, our followers have us. Exactly. We're the Wendy's for them. Yeah, we're the Wendy's for them because they'll call me on a Sunday night and be like, is there any way you could talk?

49:35Austin Hankwitz:Exactly. What's going on? But I think that's such a key thing to understand who you want to be as a investor, what you actually want to do, what are your goals, et cetera. Yeah, everyone answers those sort of KYC questions, as we call them, like moderate, aggressive, risk tolerance, whatever the case is. But again, I think by conversing more with an AI agent, you will also just like on a daily basis, you will start to build more of an understanding of that yourself. And so I totally agree with that take.

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51:24Robert Croak:Back to our interview with Yannick Molling. How do you think that this product is going to change the trajectory of public as a company? Because I think in the beginning, you know, public was very much like social investing. Yep. And then we realized, okay, public is much more than that, right? Now you guys, to me, are completely flipping way toward that technical, deep, quantitative, like you guys are going all in on this. Yeah, what's interesting though is that we are going all in on it because we don't see them as being two different worlds anymore, right? Because now with a simple natural English prompt, I mean, you can write this like a 12-year-old and you can end up building essentially a quant strategy that runs on your account.

52:10You don't have to worry about it. It just like happens like magic, right? And so I think that's why we've leaned a little bit more in that direction because I think it's like, You could see it as us going from one side of the spectrum to the other, but you can also just see it as the spectrum gets compressed, stretched out. It's now four-dimensional. It's a little bit like one big thing, right? And that's very much how we see it. I think we are now the world's first agentic brokerage. I think that's a really, really cool opportunity for us to pursue. I think it's going to be quite drastic in terms of what it means for the company.

52:45we were some mix of skilled and fortunate to start this really early back in 2023 like we've been doing this stuff for three years we're only a six and a half year old company so basically for half our time we've already been a company that's been developing actively in AI and so I think when we look back at this those first three years where we were something else might just be a blip. Now, in addition to that, I'll say what's interesting is we couldn't just build an agentic brokerage in a month kind of thing because it's a layer that sits on top of everything else that we've built. Fractional stocks, fractional treasuries and corporate bonds, options, crypto, all the cash management things, even things like all the risk checks and all the fraud checks and like all that stuff that you need to build the brokerage we've had to build that first and then build this new user interface on top with which is authentic ai um and so in a way this is the culmination of everything that i think that we sort of worked on even if we maybe didn't realize that back in 2019 when we launched right wow yeah no yeah you're totally right it's

54:10Robert Croak:kind of like the culmination of all those things. Like I remember when T-bills came out and I remember cryptocurrency and options trading, all these different things. And essentially it was just tools in the AI agents tool belt to take advantage of in the future before we even knew that AI agents were going to be the future. Exactly. And we've always had these product ideas from customers, like I said, or even internally in the product team, it was like, oh, could we make this more dynamic? Could you do this? How cool would it be if you can do this and that? And then we were like, yeah, that sounds great.

54:37The technology isn't really there. I don't know how you'd actually kind of built that in a way that people could just use it in a frictionless way and in an easy way. And so we scrapped a lot of those ideas over the years. And now they've all come roaring back. And it's like suddenly you have every feature in the world that you ever want, but deployed only for the customers that want them. And so as a product builder, it's been a complete euphoria, I would say.

55:03Robert Croak:Yannick, thank you so much for joining us today, my friend. It has been a long time coming. We cannot wait to have you back. And every time y 'all do something cool at public, I love that you think about us and you want to share it with our audience. We're so grateful for that. And I hope our audience appreciates it as much as we do. Everybody, thanks so much for tuning in to this week's episode of the Rich Habits Podcast. Go check out these AI agents, public.com, the first agentic brokerage in the world. Thank you. Robert, it's the next day. We're back here in our own studios reflecting upon how incredible of a conversation we just had with Yannick Maling.

55:37Robert Croak:And a major shout out to public as well for inviting us to this demo day dinner type extravaganza. Shout out Life for being there as well. It was a great conversation. A lot was learned during this. And my biggest takeaway for this product, Robert, that I hope everyone understands is that you no longer have to have a rigid strategy around your specific investing style and how you want to implement and build wealth that's personal to you. For example, it was funny. I was talking with Stephen Sykes, their chief operating officer, and he was telling me that he built a dividend reinvestment plan for the dividends he receives in his portfolio.

56:17Robert Croak:And for example, he's like, yeah, my Apple dividends, what I did was with my agentic brokerage now, half of my Apple dividends get reinvested back into Apple, but the other half get like proportionally invested into specific mag seven names only if they're trading below their specific price to earnings ratios. like it is some unbelievable stuff you can do now inside of public with these ai agents and i'm i've never been more excited to one play with it myself and really get my hands on it uh but also two to see what all of you can come up with there will be strategies that you listening right now will come up with and your public account i'm sure of it that will outperform and will do all these things and if you do come up with it you better share it with me because i want to use too.

57:05Robert Croak:I just can't wait to see because all of this software and automation and all this stuff has been around for hedge funds in institutions for decades, but it's never been given to the retail investor. It's never been this sophisticated for us. And I could not be more proud to be partners with public and to be supporting them in this endeavor.

57:28Austin Hankwitz:I will say that that was the takeaway for me is as much as I learned in the last 48 hours, I just feel this is the tool that levels the playing field. The rich people with their Bloomberg terminals and their big fancy software always had an edge on the everyday person. And that ends Tuesday, March 31st, because this tool, if people put the work into it and really play around and test things because they can have multiple agents, they don't have to do any software coding. They don't have to do anything. They just go in. It's free, which is crazy to me with your public account. It is going to change the confidence in the way people think about investing forever.

58:10Austin Hankwitz:And I just can't wait for Tuesday to dig in and really start playing with it. So public.com, Tuesday, March 31st. Please, please watch the episode. Take what you learned from the episode and go there and play around. I promise it's game changing and you're going to love it.

58:26Robert Croak:Everybody, thanks so much for tuning into this week's episode of the rich habits radar a friday episode of the rich habits podcast where every friday we talk about the biggest headlines impacting you and your money and this is absolutely going to impact you and your money we will see you on monday