Markets, Netflix, Tesla, AI, California, Fraud

OpeningReformer Machine Workout at YogaSource in Los Gatos. Indiana. Fernando Mendoza is a truly special. Markets1 Year: VGT/QQQ 17%. S&P 500 17%. 2025: 1 yr and 10 yrQQQ: 20.8% and 19.4% = $100k > 620VOO 17.8% and 14.8% = $100k > 400VXUS: 32% and 8.5% Gold and Silver. Great year. 77% and 200%. That’s 3x. IBIT and Etha: Down 14% and 10%. NetflixGreat earnings call. 17.6% YoY revenue growth, better than Q4 2024 of 16%. Warner Brothers Acquistion is huge overhang. It will help them: IP. Harry Potter, DC Comics, Game of Thrones, Matrix, Sopranos, Succession, Lord of the Rings. BarbieHBO!LemonadeHIMS. TeslaAutonomous. Finally pulling the driver out in Austin. No longer able to buy FSD outright. Needs to be subscriptionLemonade cutting premiums by 50% if you drive a Tesla with FSD. Important implications for all car insurers.Humanoid RobotsYes Boston Dynamics and many others particularly in China are great, but… Manufacturing, Software, Hardware, ….XAI Will have more AI compute than all others combined in < 5years! From ElonThe Colossus 2 supercomputer for @Grok is now operational. First Gigawatt training cluster in the world. Upgrades to 1.5GW in April.I’m using Gemini and Grok. Perfect combo.  SpaceXSpaceX will be ~99% of all Earth payload mass to orbitI think there will be an allocation to Tesla LT shareholders. Could be $1.5T, but could go to $10T.  PoliticsWealth Tax Wealth Tax. 1 time 5% on Billionairs. No limitations on quantity or $ limit. Play Ben Horowitz on wealth tax. More taxes is not the answer. Eliminate Fraud, waste and abuse!Billionaires ~$8T, everyone else $170t.The two Google founders per Gemini represented 23 percent of the aggregate billionaire wealth in CA. Throw in Peter Thiel and well over 30 percent is goneVideo here. https://x.com/bennyjohnson/status/2014785916083020062$23m$125k Rover seizedHome in GreeceMansion in LABalance the Budget State Audit Report hereBudget Summary.05% of Californian’s or ~8500 people making over $10m per year pay 25% of the personal income tax liability. 1% of Californian’s pay 49% of Personal Income Tax. $54 billion Uhaul Growth Index: Companies moving out of CaliforniaRecommendations:RoganBradley CooperBen Affleck and Matt DamonEthan HawkeTim Ferris and Bill Gurley