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Emmet

๐Ÿ‘ค Speaker
864 total appearances

Appearances Over Time

Podcast Appearances

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

Well, it certainly has an outgoing, well, a former CEO and chair who's 93.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

I'm talking about Warren Buffett.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And obviously, I'm going to be talking about Berkshire, whereas you're going a little more high tech.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And you're going to talk about Intel, which in my mind, when I hear the word Intel, I think...

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

the inventor of the mass market processing chip, I think of when in the 90s, computers and laptops were taking off, there was a badge, a tiny little hologram sticker in the bottom right hand corner of the computer or laptop.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

which had the words Intel inside.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And even though 99.9% of people hadn't a clue what a processor was or what it did, it was a badge of reassurance and it was the highest quality thing inside this high-tech machine that was now part of our lives.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

and lo and behold a lot of time has passed between then and now and the story has gone through a lot of iterations so you said you'd have a little chat about it because there's another interesting chap chapter so what's going on over at intel mike

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

It was Goliath and then NVIDIA was David.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And there was a time when they were so dominant, they were the only chipset manufacturer at the table, really.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

AMD were there.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And as you said, Taiwan Semiconductor were also in the background, but they were the giant.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

I was offered a job in Intel when I graduated, Mike, because I used to in college make etch as it's known as preamps, preamplifiers, tiny little matchbox size pot knots that you could plug your electric guitar into before it went into the signal.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

As soon as the signal came out of the innards of your electric guitar and basically cranked up the sound.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And that was enough to get a job in Intel.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

I mean, this thing was by circuit standards, pretty low tech, and I didn't sell too many of them, but it was enough to get a job offer.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And I went out to Leakslip and in my interview, I think I was asked to draw a Zener diode or something like that.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

It was dead easy.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

The guy who interviewed me, I don't know if I can say, oh, what the heck, I can't say it.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

It's 30 years later.