Josh Kale

I think we kind of talked about all of them.

If you had to place your bets, I feel like Google's a very strong contender.

Very strong.

I really like the synergy between Tesla, SpaceX, and XAI.

I don't know about anyone else.

Yeah, I see.

And there's also has to be the benefit of, you know, I know he's a very controversial figure, but the one thing that you can say confidently about Elon Musk is that he is an incredible operator.

He is potentially the best operator that we have ever seen walk this walk this earth.

He's just got the track record to prove it.

Josh, I think this helps answer my question.

I don't want to say that Tesla is the answer because with one corollary, maybe Tesla wins the race and so it is the answer there.

But the original question is how do I allocate capital in my portfolio to have exposure to the future?

And the market is currently pricing Tesla at a specific valuation.

The market is currently pricing Google at a specific valuation.

I think the idea of the framework of like, which of these companies can access capital, energy, labor, and intelligence for free is a good framework.

And the market is pricing these companies against that framework because it seems to be in 2026, that end game of like the event horizon of having all four of those

gauntlet jewels the intelligence energy capital labor that's i think that's the benchmark that's how i'm going to like look at the market going forward and the market is pricing tesla at like 1.3 trillion dollars on this race and it's pricing google four point something trillion dollars along this race and so maybe maybe i don't want listeners to listen to this and walk away saying like

dump it all in Tesla because the market's already priced that in.

But I think this is the framework that I think is useful to me to understand how to invest to get exposure to the right outcome of the future.

Well, Josh, I feel like this question is answered.