The Pomp Podcast
00:46:09 · Jordi Visser
[00:46:09] S2: This has to do with if they didn't have Mounjaro and the whole Ozempic cash cow business. Like, you like to see a business that... Like, when... If you go through Apple, people have to remember, like, before the iPhone, yeah, they were turning the biz... I mean, Steve Jobs had turned it around, but how much did the iPhone change everything? And look at their hardware numbers to go from what it was to what it is today. When you get a cash cow, you can get into other things like services, and they've turned themselves into a service business. For Eli Lilly, this cash cow side is enormous. All pharmaceuticals do not have this cash cow, and this cash cow is growing every single year right now. What are they doing with the cash? I made the joke, but Novo Nordisk had the same thing, and they used the cash to go pay dividends. And this is... I mean, this was a... They didn't wanna make a bet. Eli Lilly has made significant AI bets. If I try to describe to people the importance of TuneLab, the importance of the data center that they did for themselves, the setting up a location outside Stanford out in Silicon Valley to basically work with NVIDIA. When you see NVIDIA and the CEO Dave Ricks on stage together and you listen, I mean, I spent a lot of time to just hear the plan, make sure that this was smart, but if you have all that cash, I have believed for the last three years that unfinished IP was incredibly valuable. And what I mean by that is when a biotech company goes public, which was a massive part of, I mean, the the COVID years and even before that, when they would go public, you have to have science behind that to raise the money that was necessary. So it's not like these were harebrained schemes or scams that would eventually go... These were IP. Now maybe they weren't able to finish them, but if all of a sudden they're getting closer and closer and Eli Lilly goes, okay. We'll we'll we'll buy you guys. And they're doing these m and a's to buy these IPs that they think are worthwhile. Now when you add in the benefits that came from Ozempic, they don't know why dementia's better. They don't know why, you know, the chronic inflammation, why all of a sudden people have less knee pains, why addiction went down.
00:48:24 · Jordi Visser, Anthony Pompliano
There's a lot of science in this that Eli Lilly has data from all of these millions of people and what they've gone through coming out that, should help them from the data collection. So when you go through everything and you really think what this is, I think this is a very unique part of AI. So when I say this will be the biggest AI company, compared to NVIDIA, there is a risk of an overbuilt. You have to build that in. This is a cyclical thing, and I do think at some point, we're seeing that with Intel today. Why is Intel down so much? It's not because the demand's not there. Their PC sales are suffering. Why is that? Because memory costs have gone higher, and you can't even get the memory. The bottleneck issue keeps these companies from actually being able to accelerate as much as they would, and so that's why you see these multiples compressing. For Eli Lilly, [00:49:17] S3: I don't... They don't have this issue. Mhmm. [00:49:19] S2: They don't they don't have to worry about this. This is a very different thing. So this gets into the application is the the major story here. [00:49:26] S3: Because of the AI and cybersecurity concerns, do you have any cybersecurity stocks that you are buying or interested in?
00:49:26 · Anthony Pompliano, Jordi Visser
[00:49:26] S3: Because of the AI and cybersecurity concerns, do you have any cybersecurity stocks that you are buying or interested in? [00:49:33] S2: So I do not spend a ton of time on single companies with inside the space. If I wanted to say the only software company that I own is Palantir, and Palantir is becoming a much bigger position for me relative to the semi names because Palantir has outperformed so much. I've talked about Palantir in here, but this got into the sovereign AI thing. And if you go back from the day that Alex Karp spoke about the importance of sovereignty, AI sovereignty, and you go look at what Palantir has done since that day, you made a lot of money if you went out and bought Palantir. So I... That is kind of my theme on this. These names trade at such high multiples, and that means I really have to drill down and I have to get a sense. I think all the demand side is gonna be there, but if you ask me, do I believe that a lot of that demand is already built into the stock? There is no doubt that those names could go sideways for a year and a half, just like we've seen in the semiconductor names for the last four months while their earnings have grown. It can just be stuck in the mud.
00:50:34 · Anthony Pompliano, Jordi Visser
[00:50:34] S3: Alright. Before I let you go, I want you to think of, is there anything that you did with AI this week that is a little tip for everybody? While you're thinking, I'm gonna tell them one that, that I figured out. I used Grok bot, and I set up a bot, genealogist. And I basically sat then maybe fifteen minutes telling it, hey, here's my parents' names, my grandparents' names, here's family lore. I think that there's somebody named this that did this, blah blah blah. Go find as far back in my family lineage as possible. And I knew some detail. Like, I knew the town that my great grandfather comes from in Italy. I know this or that. But actually, you'd be surprised some stuff I don't know. [00:51:18] S2: Mhmm.
00:51:18 · Jordi Visser, Anthony Pompliano
[00:51:18] S2: Mhmm. [00:51:19] S3: Right? This thing was incredible. Marriage certificates, birth certificates, voter rolls, all all the, like, public stuff that you you almost expected to able to It started to identify where certain records were. So my family, one one part of my family comes from a place called Sulmona, Italy, which is... I don't know if you ever seen, like, a confetti candy, you know, like, alright. That's where I was invented. That's the only thing that the town is known for. But the records only go to, like, 1865 or something on the Internet. Past that, it is all, you know, written in books and stuff. It was crafting emails in Italian to email to the people in this town saying, can you go into the books and get this info? I said, dude, this thing is incredible. I would pay any amount of money Yep. For this tool. And then when you focus it on genealogy, I was like, you could do this for anything. So my one thing is if you're interested in your family's lineage, your genealogy, don't worry about all these websites. Just hook up a Grok, tell it you're a genealogist, go, and just tell as much information as you can, and, it's a nice little, weekend activity. Your turn. [00:52:28] S2: Only thing I'll I'll add, that was new this week, and this actually was from a direct thing that Matt said, your your producer. [00:52:39] S3: The boss.
00:52:39 · Anthony Pompliano, Jordi Visser
[00:52:39] S3: The boss. [00:52:41] S2: Yeah, so I started to, I have a lot of people that want shorter versions of my video, they wanted me to do YouTube shorts, they wanted me to do other types of videos, my family did as well. So I literally took my video from the weekend, and asked it to create shorts. I also uploaded a bunch of old videos that I'd done of my son skiing, and had it create a new video with all the little clips as The one video editing Incredible. It's incredible because I didn't have to do anything. I literally just uploaded the first video and said, can you find the most interesting clips? I wanna do these as YouTube shorts for the YouTube channel. That's the way it started, and that was from the suggestion of Matt, and it did it in a matter of minutes, like it was maybe six or seven minutes. I couldn't believe how good the selections were. But with my other videos and doing it from, like, family related things, this is where it became more interesting to me because the creativity that it has with, hey, here are six videos. Why don't you put these together in a way that makes it more interesting? If you wanna put some music into it, go... Like, anything along those lines, you'd be shocked at the ability to do it. [00:53:59] S3: What did you use to do it? Which platform? [00:54:02] S2: No, this is Grokbot. [00:54:03] S3: Grokbot, oh yeah. Yeah. [00:54:04] S2: Grokbot. That's what I mean is that historically, to do video editing, there were AI tools, but it was kind of a... Still a little bit of a hassle. With Grok, it was shocking how fast it was.