I Tried Outsmarting The Woman Who Beat The S&P 500

Summary

Sam and Sean discuss various business and investing topics, including Nancy Pelosi's profitable stock trades, Google's issues with its AI chatbot Bard, and Penske Media Company's acquisition of major media properties. They debate the merits of individual stock picking versus index funds. Sam shares his thoughts on startups like Harbor that offer AI-powered baby monitoring services and MyBodyTutor that provides personalized nutrition coaching. The conversation spans a range of industries from media conglomerates to digital health companies, analyzing both emerging trends and timeless principles around wealth creation and personal development.

Takeaways

• 😀 Pelosi's stock trades often lead to jumps in stock prices as other investors try to mimic her trades
• 😎 Google's AI product Bard provided inaccurate and biased responses which led to a lot of negative PR and falling stock price
• 📈 Sean sees the negative reaction to Bard as overblown so he decided to buy Google stock at the temporary dip
• 📉 Bad stock tips from friends have led to some of Sean's losses when trading individual stocks
• 📊 Looking back, Sean would have made more money just investing in index funds rather than individual stocks
• 👨‍👩‍👧‍👦 Sleep training involves letting babies cry for certain periods to help them learn to self-soothe
• 😕 A new baby monitor service called Harbor contacts parents when babies cry for too long, but Sean thinks it could create anxiety rather than reduce it
• 🏋️‍♂️ Having a health coach call Sean daily improves his diet awareness and accountability
• 👔 Jay Penske has quietly built a media empire called Penske Media Corporation by buying publications like Rolling Stone, Variety and South by Southwest
• 🤩 Despite his privileged upbringing, Jay Penske is known as a very savvy, driven and kind operator

Q & A

What stocks did Sam recently buy?

Sam bought stock in Google/Alphabet after the negative sentiment around their new AI product Bard/Gemini. He felt the stock dip was an overreaction and Google still owns valuable assets like YouTube, Google Cloud, etc.

What big trade did Nancy Pelosi recently make?

Nancy Pelosi bought $1.25 million worth of stock in Palo Alto Networks, a cybersecurity company. This caused the stock price to jump 10% as people followed her trade.

What is Harbor, the new baby monitoring startup?

Harbor is a service that monitors baby monitors and will notify parents when their baby has been crying for an extended period, to aid with sleep training.

Who is Jay Penske and what does his company Penske Media own?

Jay Penske is the son of billionaire Roger Penske. His company Penske Media owns major media properties like Rolling Stone, Variety, Billboard, Vox Media, and more.

What is the concept behind MyBodyTutor?

MyBodyTutor is a service that provides accountability and coaching around your diet and fitness goals. A personal coach calls you each day to discuss your eating plan and progress.

Why does awareness matter for achieving goals?

Awareness is key for achieving goals because you can't focus on something or take action towards it if you lack awareness. Bringing regular awareness to your goals keeps you focused on making progress.

How did Jay Penske start building his media company?

Jay Penske first bought the domain Mail.com. He later started an ad network in the 2000s and slowly acquired media publications over 20 years to build Penske Media.

Would Sam want to run a large media company like Penske Media?

No. Sam says running a media company with thousands of employees and operating events like the Golden Globes seems extremely difficult. He would not want to take that on.

What was Sam's recent profitable stock trade?

The transcript does not mention any recent profitable trades Sam made. It only references times he has sold stocks too early and lost potential gains.

What surprising fact did Sam learn from analyzing his past stock trades?

Sam realized that most of his losses came not from bad stock picks but from selling too early. His buy decisions did about as well as an index fund.