Emil

It's just such a bad idea.

In the past, I said I bought some S&P 500 and people got mad at me.

And it was like, I did it once as a bid for a guest that I just joked about it with.

I live in cash for many reasons that I won't go into.

It's mostly to do with just how I grew up.

Like when I first got to America in 2008, I remember there were like investor newsletters.

There were like 70 of them.

Oh yeah.

That was a big one too.

Some crusty old man would send you his thoughts every week and you pay him $1,500 a month for some reason.

And I assume you did well.

2008 wasn't really a great year for stocks for some reason.

And now it's just however many anonymous or pseudonymous insane people you follow and which one of them successfully cons enough people into being insane too.

Yeah, and they used to have a strategy back then where they would say you had 1,000 subscribers to your newsletter.

You would send one pic to 100 people, one to another 100 people, one, and you would divvy them up.

And then the people who got the losers were obviously like, well, fuck this guy.

The people who got the winners were like, damn, this guy's awesome.

And I'm butchering this, but basically they would...

keep focusing on their winner subscribers and build their trust and build their rapport with that group.

And they just kind of repeated that multiple times until they had, you know, 5,000 people who just trust them and will blindly follow them into any.