Given everything we've discussed about Macro in this conversation what would You say is the Best Buy in markets Today I mean longterm probably Bitcoin I Think it's I think that anyone in Traditional finance that has no Bitcoin Position should have a Bitcoin position Um obviously doesn't have to be like Allin like d gen you know leverage long But it but like not having any Bitcoin I Think is is the easiest lwh hanging Fruit to fix um even if the thesis Doesn't work out if you if you got 3% And it's fine uh but if it does do some Of those really bullish outcomes uh it's It's good to be on the right side of That even with a small position um and Aside from that I think Um you know there there's like other Assets out there that I think could do Very well um but they all have Counterparty risk so for example I think That Chinese equities are super cheap Right now um nobody wants them um and I I' say there's a high probability that 5 Years from now they've done very well From these low levels but then there's Some minority position where you L just Get zeroed out from owning them kind of Like if if Americans owned Russian Stocks you know a little over two years Ago uh those companies are still there But your claim on those assets is Basically to sanctioned away um so any
Investor has to take that into account Um so I think that there are a lot of Opportunities and Equity around um but I Would say that Bitcoin and Bitcoin Venture uh are are it's certainly where I'm I'm focusing a lot of my time on Would you name any of the Bitcoin Venture that you're invested in well so At ego death Capital we have a we have a A public portfolio so it's it's Lightning infrastructure it's Bitcoin Brokers uh around the world um it's you Know we we basically look into into Multiple different things um so anything That involves helping people buy it um Helping people trade it um helping Helping uh infrastructure uh for Spending and things like that so we have Exposure to Fetti uh which which you Know has a wallet that is more private And more distributed than we see uh from Many other wallets um so there's a lot Of opportunities out there we tend to Focus on the less speculative use cases So less about like trading and Leveraging for the most part although You know trading is still relevant and It's more instead about kind of like Long-term utility uh and long-term you Know kind of like the still basically The basics of the Ecosystem given everything we've talked About in macro thus far what would you Say is the worst Buy in
Markets I mean for example I I'm not Bullish on Costco at 55 times earnings Um it actually reminds me of so in the Late 90s everyone of course is is knows The doc bubble um but what they're less Familiar with in many cases is if you Look at like Coca-Cola stock they were Trading like 50 times earnings and Walmart was Trading like 50 50 times Earnings um so a lot of these kind of Blue Chip consumer staples or consumer Retail that kind of thing they were also Trading at very high valuations and over The next 10 15 years both Walmart and And Coca-Cola continue to grow their Earnings their revenue and all that but Their stock prices went like sideways For like 10 years um because even as Their earnings doubled their their Earnings multiple their price to Earnings ratio got cut in half they went From you know 50 to like 25 times Earning which is back down to like Reality uh at some points they even went Lower like like Walmart went into the Teens for a period of time um and so I You know there's there's stocks like Costco where it's just really hard to Justify how this is going to perform Long term doesn't mean it has to do bad Next year or even the year after it's Already stayed this High longer than I Would have guessed um but I would just Say that there's investors have to be
Cautious about um overpaying for Something that's very good something can Be great and you can you can turn it Into a bad investment if you buy it for Like twice of of what it's worth be sure To click subscribe we drop a video every Single day keeping you informed about Crypto
