00:01:21 · Jordi Hays, John Coogan, Will Manidis, Tyler
[00:01:21] S0: costume. [00:01:21] S1: No. No. He has a costume. It's a perfect Brandon Guerrelle costume. It's amazing. He must have gotten up at 2AM to start putting on the Brandon Guerrelle makeup from scratch. [00:01:30] S3: Oh, well. [00:01:30] S1: He's locked in. [00:01:32] S0: I got something I want to know. What? How many days till Christmas? [00:01:35] S1: How many days till Christmas? That is important. No? Do we not have it? Team's working on it. While we do that, can I tell everybody at route ramp dot com? Please do. Say both. Easy easy to use corporate cards, bill pay accounting, and a whole lot more all in one place. You wanna hear about another wonderful business? I can tell you about MongoDB. What's the only faster than the AI market? Your business on MongoDB. Don't build AI. Own the data platform that... [00:02:02] S0: That is [00:02:02] S1: right. Yes. So we got a couple days till Christmas. We're counting it down here in the TBPN UltraDome. [00:02:10] S0: Can't come soon enough. [00:02:11] S1: Can't come soon enough. [00:02:12] S0: Can't come soon enough. And the best part about Halloween Yeah. Christmas is right around the corner. [00:02:16] S1: Exactly. Exactly. [00:02:17] S3: Exactly. [00:02:18] S1: Same number of days Here we go. Between Halloween and Christmas. [00:02:23] S0: Are Here [00:02:23] S1: we fifty five days until Christmas. Mark, he said he's maybe five years old. Our guest from last year, of course. Fantastic. Well [00:02:33] S0: Oh, boy. [00:02:34] S2: Absolutely. We got [00:02:35] S0: a fun show today.
00:02:35 · Jordi Hays, John Coogan
[00:02:35] S0: a fun show today. [00:02:36] S1: Yep. Chaos in the markets. [00:02:38] S0: Yeah. I mean [00:02:39] S1: Blood bath. [00:02:40] S0: Blood bath out there. [00:02:41] S1: Some people are being fearful. [00:02:42] S0: Most people, I would say, are fearful. [00:02:44] S1: It seems like that. [00:02:45] S0: That made me start feeling a little greedy. [00:02:47] S1: I think so. [00:02:48] S0: I don't know about you. [00:02:48] S1: It might be time. [00:02:49] S0: But we have a fun lineup today. We have Darren Rovell who I believe has the largest collection of collectibles Yeah. In the Berkshire universe. Yep. And of course, we have David Senra coming on to talk about a few of his favorite things about Buffett and Munger. Yep. And we're gonna close it out with none other than Will Manidis Yeah. Who's been tearing up the timeline. [00:03:15] S1: Might be looking at the next Warren Buffett right there. Yeah. Yeah. Potentially. [00:03:19] S0: Yeah. Yeah. Hopefully he doesn't tell the world that he's building the next Berkshire Hathaway Oh yeah. Or like the the curse. [00:03:27] S1: Yeah. A lot of people have done that. [00:03:29] S0: Curse yourself... [00:03:29] S1: Done that but... [00:03:31] S0: Never claim that. Don't. Sort of... Don't even try. Let's let's leave it on this... Let let's take a look at let's take a look at John here. I mean, John John, lean back. Yeah. [00:03:41] S1: When I lean back, it's really... Oh. [00:03:46] S0: Just incredible. Incredible work. And this is only possible in Hollywood. [00:03:50] S1: I know. [00:03:51] S0: AI could never do this.
00:03:51 · Jordi Hays, John Coogan, Tyler
[00:03:51] S0: AI could never do this. [00:03:52] S1: No. No. It is Never. It feels like next year the AI will be so good, more people will be skeptical, but we started in the pre AI era, so you know it's real. Know we're sticking [00:04:03] S0: with We showed up at [00:04:04] S1: We're sticking with it. [00:04:05] S0: We were we were here at the studio at 6AM this It took just under four hours to get suited up. [00:04:12] S1: But let's give it up for the team that helped us [00:04:14] S0: with this. [00:04:14] S1: It was really incredible. Look at that, Greg. Is looking great. [00:04:20] S0: Looking good. [00:04:21] S1: Really white teeth too. Did they give you veneers or those are your natural teeth? Looking... That's just... All natural. [00:04:27] S0: All natural. All natural. [00:04:28] S1: All natural. [00:04:28] S0: Serious. Greg, you look fantastic. [00:04:31] S1: And you've been working on your Greg Abel impression. Can you give us a little bit? A little taste? [00:04:35] S2: Hey, guys. It's it's me, Greg. [00:04:40] S0: That's a [00:04:40] S1: matter of luck. [00:04:41] S2: That's That's a [00:04:41] S1: of luck. Nailed it. You nailed it. Yeah. Yeah. So these are gonna clean clean up and trick or treating later. You go around in these. Well, the market's all over the place. [00:04:53] S0: I FaceTimed Yeah. A friend of the show Yeah. And he said don't wear that out later. Gonna scare people. [00:04:59] S1: Yeah. Yeah. You look so much as Warren Buffett. It's just Crazy. [00:05:03] S0: It's it's unnerving.
00:05:03 · Jordi Hays, John Coogan
[00:05:03] S0: It's it's unnerving. [00:05:07] S1: Really is so so funny especially when you get the moves going. [00:05:11] S0: Should we see how I can hit the gong? [00:05:13] S1: When you start moving like a young guy in there. It's good. Oh, your stock... Oh. His back's going out. It was an older guy, older gentleman on the on the set. Let's see let's see a gong hit for old Berkshire. The stock is up by the way. Everything's everything's down, but Berkshire's doing great. It's a $1,170,000,000,000 company. To everyone over in the Berkshire Hathaway universe Absolutely. These young whippersnappers in the market today. Market, but Berkshire doing well. [00:05:45] S0: Only company that I've found Yeah. That's looking green. Is this [00:05:49] S1: gong ringing longer than usual? Does it always ring [00:05:51] S0: I think it was just a strong hit.
00:05:51 · Jordi Hays, John Coogan
[00:05:51] S0: I think it was just a strong hit. [00:05:53] S1: Strong hit. Strong hit for mister Buffett. Well, The US economy is up, interestingly. The The US economy grew 3.4% this summer. Consumer spending, business investment powered the fastest expansion in a year. 3.4% annual rate. The the the latest reading of gross domestic product, the value of all goods and services produced across the economy beat analyst expectations. They were expecting 3.1, came in at 3.4. The report from the commerce department is the last major accounting of The US economy before the midterms election... Midterm elections on Tuesday. So a big referendum on do you vote GDP numbers or do you vote stock market numbers? A lot of a lot of voters have their wealth in the stock market and they're they're seeing a lot of red today. [00:06:39] S0: Well, of course, I think voters care more about vibes than anything else.
00:06:39 · Jordi Hays, John Coogan
[00:06:39] S0: Well, of course, I think voters care more about vibes than anything else. [00:06:44] S1: Yeah. True. And the vibes are down. Nasdaq is down something like 3% today. Let's see. 3.34%, but the Dow is also down 1.13%. There... A a lot of it has to do with earnings. We talked about it yesterday, but Google search struggles reignite AI anxiety. They suffered the worst day on record Thursday as investors confronted the reality that a company that has long been a dynamo of growth and profits faces painful trade offs in the artificial intelligence transition. A headline that could have been written three years ago but is now being digested in reality in a data backed way. Because the first three years, everything's continued to look like business is normal. And that's the nature of these these technology trends. It takes a while for it to actually show up in earnings. There's a lot of there's a lot of inertia in every business in the economy even if you're high growing tech high high growth tech company. The slide erased... [00:07:46] S0: Still got a bit painful. Obviously, Berkshire Yeah. Recently [00:07:50] S1: Backed up the truck. [00:07:51] S0: Backed up the truck. [00:07:52] S1: Yeah. [00:07:53] S0: For Alphabet but for good reason. There's a lot of ways that they can be an AI winner. Yeah. They sell great chips. They have, you know, an incredible cloud business. [00:08:03] S1: That's also They