02:00:00 · John Coogan, Jordi Hays, Gavin Baker
[02:00:00] S1: Yeah. Yeah. [02:00:01] S0: Yeah. I'm I'm I'm very interested to see how Anthropic and OpenAI OpenAI becoming public companies, like, impacts, like, overall sentiment, specifically on x. Because right now, you have such a small number of people that actually hold shares in these companies. Right? And so like, maybe there's 50,000 people that have some incentive to be relatively optimistic. One, you know, or you know, you should be able to see both the bull case and the bear case for for any company. But when that changes and you have millions of people globally that suddenly can have exposure, how does sentiment change? Right? And I think people are gonna be... I think it will be less... Much less extreme once you have the sort of middle of the road investor has some exposure. Right? And it's not like totally binary where like very very small number of people have exposure like... And and and it's direct exposure. Right? Because if you happen to own shares through some retirement fund or through a hyperscaler or things like that, it... [02:01:05] S2: It's not... Maybe and maybe some of them will do what Elon did, you know. Every child in America is gonna have a share of SpaceX. Sure. That's awesome. I think that's way better for America than setting up some foundation [02:01:15] S1: Yeah. [02:01:15] S2: That, you know, a board or a bunch of bureaucrats are gonna decide how to allocate the money. Yeah. You know, just give people the money. Yeah. Like I hope, like... [02:01:26] S1: That's simple. Yeah. [02:01:27] S2: Let people make individual decisions.
02:01:27 · Gavin Baker, John Coogan, Miles Arnone, Jordi Hays
[02:01:27] S2: Let people make individual decisions. [02:01:29] S1: Yeah. [02:01:29] S7: And you [02:01:30] S2: know, I would, you know, I would encourage more company and more, you know, more wealthy people in America to do what Elon and Michael Dell and and of course, you know, my friend Brad Kirchner [02:01:40] S1: Yeah. [02:01:41] S2: Have done. [02:01:42] S1: That's great. [02:01:42] S2: That's awesome for America and great for capitalism. [02:01:45] S1: Yeah. And it's... It feels so important that that infrastructure got built before the big liquidity wave, before SpaceX goes public so that it's there and it's been tested and it's been implemented and rolled out so that anyone who wants to participate in that can actually go and, like, take advantage of it without needing to, you know, say, oh, it'd be nice if the government had a program that would let let me give shares directly to the American populace. Like, nope. It's there. It works. It's up to date. Like, it's in the App Store. You can go download it. Yeah. [02:02:14] S2: Just give give people the money. Yeah. Everybody stake in capitalism. [02:02:18] S1: Yeah. No. I completely agree. It's great. Well, thank you so [02:02:21] S0: We'll see you very soon. [02:02:22] S1: We'll see you. [02:02:23] S0: Yeah. Tomorrowxsummit.com. [02:02:25] S1: Tomorrowxsummit, November seventeenth, eighteenth, Austin, Texas. We'll see you there. Have a great rest of your day. Cheers, guys. [02:02:31] S0: Good to
02:02:31 · Jordi Hays, John Coogan
[02:02:31] S0: Good to [02:02:32] S1: see you. Goodbye. Let me tell you about Codex. Codex is a powerful workspace for getting work done with AI agents. Whether you're writing code, analyzing data, creating content, or automating business workflows, Codex helps you move projects forward from start to finish. Here's a project you could do with Codex. Find a T Rex skeleton because if you do, you might be the lucky owner of of $47,000,000 in cash. Do we have a next guest? [02:02:58] S0: I thought we did. [02:02:59] S1: No. I I I think we're done with our guests. So Sotheby's just sold Jody. I re... I almost read this as Jordy. You were almost read this as Jordy, and I was like, that's nice of them to name a skeleton after Jordy Hayes. After all, he didn't major in dinosaurs over here. [02:03:15] S0: I studied the blade. [02:03:16] S1: He studied the blade. He didn't major in dinosaurs. You took a class, right, in college. But you have a you have a collegiate level understanding of dinosaurs, which I think is extremely impressive. I took that [02:03:27] S0: class with some of my buddies, and we had multiple people that had to retake the class because they failed. [02:03:32] S1: No. That's amazing. It was like... It was [02:03:35] S0: it was such a trick Yeah. In school because it was... It like, checked off some requirement. Yeah. Yeah. And and it's like... It it was kind of a meme. [02:03:43] S1: Yeah. Yeah. Oh, it's easy. But then if you don't take it seriously a little bit. [02:03:46] S0: The inside joke is that it's, like, it's very, very hard.
02:03:46 · Jordi Hays, John Coogan, Gavin Baker
[02:03:46] S0: The inside joke is that it's, like, it's very, very hard. [02:03:50] S1: Oh, it's actually hard. [02:03:51] S0: Require... But but not not in an interesting way. Just, like, hardcore memorization. Memorization. Whatever the different, you know, trees. [02:03:58] S1: But that is incredibly practical wisdom. I mean, if you think about people complaining, oh, why don't they teach you how to do your taxes in school? It's like knowing dinosaurs is such a critical piece of being a good father. Totally. Like, this is what they should be teaching all... I mean, they they do teach it in lower school, middle school, high school, but it should be in general requirements. No matter... You go to middle school, law school [02:04:22] S2: Well, I think it's... I don't care if you [02:04:23] S1: go to PhD. I want a couple dinosaur classes. [02:04:26] S0: It's sort of... It's important, like, for your own, like, financial health. Right? Because dinosaurs, obviously, emerging asset class. Yes. I think a lot of people Yeah. [02:04:36] S1: You don't wanna get taken to the cleaners buying a T Rex for 60,000,000 when it's trading at 47. Yeah. You just lose $13,000,000 overnight if you don't know this stuff. [02:04:43] S0: I'm surprised. Has anyone fractionalized one of these big guys yet? [02:04:47] S1: Oh, yeah. [02:04:47] S0: Yeah? Oh, yeah.
02:04:47 · Jordi Hays, John Coogan, Gavin Baker, Tyler
[02:04:47] S0: Yeah? Oh, yeah. [02:04:48] S1: In the comments to this post, there's someone boasting about a fractionalized dinosaur that they're trading. You can gamble on them. Sotheby's just sold Jody a Nanotyrannus, a smallish friend of the T Rex for $47,000,000. The high estimate was $9,000,000. It went for five times what they were predicting. Incredible. [02:05:09] S0: Somebody actually sent this to me over the weekend Independently. And I was looking at it being like, that feels low Nine? For something that [02:05:17] S1: At nine, it felt low to [02:05:18] S2: you. Or at [02:05:20] S1: 47. [02:05:20] S0: It's because whenever I hear about anything [02:05:22] S1: Yeah. [02:05:23] S0: Like any any apex predator dinosaur, it's always like, you know [02:05:26] S1: I mean, I think I I think we agree it's a steal at 47,000,000. They were giving it away at nine, but, you know, the the... They're they're leaving room for price appreciation for the next buyer. So the buyer that bought this at 47, they're looking to get out of it in the 9 figures. Right? [02:05:43] S0: Yeah. I mean, they may have already sold it. [02:05:44] S1: They might have. They might have. So, Tyler, you have something on the joke? [02:05:48] S4: Yeah. I mean, this one is, like, a bit smaller than Nano Tyrannus. So this is only, like, 20 feet long. But... If you think about Gus, if you remember in July Yeah. Yeah. That was the... That that was 50,000,000. [02:05:57] S1: Griffin picked that one up?
02:05:57 · John Coogan, Tyler, Jordi Hays
[02:05:57] S1: Griffin picked that one up? [02:05:58] S4: No. That was Mystery Body. You're thinking of Apex. Okay. That was $20.24. 24,000,000. Okay. So... No. $20.24. It was 44,000,000. [02:06:05] S1: 44,000,000 for a 24 foot dinosaur? [02:06:08] S4: No. No. No. That was in 2024. [02:06:09] S1: Okay. In 2024. Yeah. So Rob Petrozzo has a breakdown of why this particular dinosaur, despite being the Nanotyrannus, sold for $47,000,000. He says it's because the low estimate was very inviting. It got a lot of butts and seats at the auction. A lot of people are oh, I'm gonna pick up... I'm gonna pick this guy up for 9. This is the steal of the century. They sit down. They get excited. They can't stop bidding. Next thing you know, they're looking at a $47... $47,000,000 bill from Sotheby's, and they were going home with that dinosaur. Second, this is interesting because he says it's the perfect size at 20 feet. And I love that he has opinions about the right size of of Tyrannosaurus rex skeletons or Nanotyrannus skeletons because [02:06:57] S0: Clearly is a replacement for the statue in the entryway of a dramatic, you know Yeah. Dramatic entryway of a of a of a [02:07:07] S1: Yes. A larger So even even in a modern mansion, going brontosaurus, 60 feet tall, that's on... That's not dual. [02:07:14] S0: Yeah. You don't wanna have a... You you need to use the, like... [02:07:18] S1: Yeah. It's a... You don't [02:07:18] S0: wanna have to pop it out the top.