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Welcome back, everyone. 
Thanks for joining today on the 

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Joseph Carlson Show. 
Donald Trump once again wins the

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presidency, and we're going to 
talk about it. 

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Now that we know who the winner 
is, we can actually look at the 

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policies that might determine 
some impact on the stock market 

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over the upcoming four years. 
Each of these candidates had 

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some similarities, but they also
have some striking differences. 

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The market is already 
celebrating a Donald Trump win 

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and I think overall celebrating 
having the elections, having 

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this ordeal finally behind us 
and looking forward now, the Dow

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Jones is up 3.2%, the S&P 500 is
up two point 1% and the NASDAQ 

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is up 2.4%. 
Even the Russell 2K is up 4.83%.

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This is across the board a 
massive day in the market. 

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My portfolios likewise are at 
all time highs. 

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They've reached a point that 
they've never reached before and

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each one of them has, with the 
passive income portfolio gaining

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$290,000 in gains. 
Just today it's up $15,000, 

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around 3% in the green. 
If we look at the story fund 

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here, this is now up to $90,000 
in the green. 

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Many of the companies in My 
Portfolio are like a rocket 

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today. 
They're just taking off. 

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But the impact is different from
company to company, and there 

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are some that are doing a little
bit better than others. 

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For example, if we look at one 
company, this one's not in My 

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Portfolio. 
Tesla is having a very good day.

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Obviously, this is following 
Donald Trump's win. 

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Elon Musk has aligned himself 
with Donald Trump. 

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He kind of hitched himself to 
that wagon. 

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That turned out to be a good 
move for Elon Musk. 

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Tesla is now up 14% on the day. 
We have other stocks like Texas 

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Roadhouse up huge today, 6% on 
the day, crossing $200 per 

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share. 
Why is Texas Roadhouse above 6% 

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on the day? 
We're going to be discussing. 

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We have other companies like 
Salesforce up 3%. 

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Visa and MasterCard both are up 
3 and 4%. 

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Huge days for these companies. 
We'll be discussing why they're 

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going up so much. 
Google, a company that's been 

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struggling with any bullish 
sentiment, is now up 3% on the 

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day. 
And this impact is from the 

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elections. 
There are specific things that 

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may be happening to Google. 
We also look at companies like 

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Intuit, up 6% on the day. 
We have Amazon up 3%. 

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We have S&P Global as an 
outlier. 

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Both S&P Global and Moody's are 
both in the red today by a 

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decent margin. 
Why are these companies trading 

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down while so many companies are
trading up? 

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We're going to be discussing the
reasons why. 

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And then we have other companies
continuing their trend upwards, 

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like Booking Holdings. 
Many stocks are being impacted 

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more than others in various 
ways, and that has to do with 

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the policy that investors are 
reading into these stocks, the 

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policies that investors believe 
will happen over the next four 

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years. 
So we're going to be going over 

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all of it. 
We'll be looking at the impacts 

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this will have on companies like
Tesla and other big tech 

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companies from Dan Ives and Gene
Munster. 

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We'll be looking at what David 
Rubenstein says about a Trump 

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presidency in terms of 
regulation and how it will 

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impact these type of 
investments. 

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So we have a lot to get into in 
this episode. 

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Let's go ahead and jump in now. 
We start off today with the 

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headline news. 
Of course, Donald Trump won 

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presidency again. 
And going into the selection, I 

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had a thought in my mind that it
was going to be a close 1A nail 

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biter, a really bitter election 
where when we were voting and 

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counting the votes, it was going
to come in real close for each 

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state. 
It was going to drag on for the 

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next day, maybe even a couple 
days, and be one of those 

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situations that's really tense 
and really close. 

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And that's not really what we 
got. 

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This was a convincing win by 
Donald Trump. 

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When we look at the election 
results reported from the Wall 

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Street Journal, the take away 
here is that this wasn't quite 

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as close as some of us thought 
it would be. 

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For example, we look at the 
Electoral College. 

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Donald Trump officially passed 
the 270 mark to officially 

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become president. 
The Electoral College is what 

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counts. 
That's what determines who wins 

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presidency. 
But even though he crossed the 

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line at 277, there's still a 
number of swing states still 

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tallying votes that the official
vote count will be counted 

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eventually. 
And all of those are leaning 

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towards Trump. 
So it's likely that he's going 

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to win by a larger margin than 
he has right now. 

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Now, in the case of Republicans 
winning, in many cases, they 

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lose the popular vote. 
In this case, it looks like 

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Trump is actually going to win 
the popular vote. 

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He has a 4 million vote lead on 
the popular vote. 

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Republicans also took control of
the Senate, and it looks like 

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there's a good chance they'll 
take control of the House as 

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well. 
So this wasn't as close as I 

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thought it was going to be. 
It was overall a decisive 

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victory for Donald Trump and the
Republicans. 

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Now, in these cases, I always 
understand that there's people 

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that don't agree with this. 
Of course, nearly half the 

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country doesn't. 
It's never fun to be on the side

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when you're you're losing. 
Every one of us have been there.

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If you've been an adult a long 
enough, you're going to feel 

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what it feels like to lose. 
And that's never fun. 

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And in this case, it's going to 
give time for the Democrat Party

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to figure out what went wrong, 
to recoup, to re strategize and 

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come to 2028 with a much 
stronger ticket. 

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But until then, this was a 
decisive victory. 

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So now that we finally know 
who's going to become president,

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we can all get the elections 
behind us and move on with life.

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And that's a relief for many 
investors. 

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Uncertainty is never something 
that people look forward to. 

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So knowing who's going to be 
president and having that 

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uncertainty behind us is 1 
positive thing for the markets. 

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But in this case, with a Trump 
victory, the capital markets are

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clearly reacting with a lot of 
extra positivity. 

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And that is because of many of 
the policies Trump has signaled 

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with lower taxes and lowered 
regulations. 

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David Rubenstein outlines 
Trump's legislative agenda and 

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how it will impact the markets. 
Clearly, the stock market today 

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will be up very strongly. 
I think many people in the 

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financial markets were pushing 
for and wanted a Trump victory, 

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and they got that. 
But also what you got out of the

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election appears to be a very 
strong, united government in the

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sense that the president is 
likely to have the House and the

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Senate. 
Not just the majority, but many 

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people in the House and Senate 
will feel they got elected 

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because of him and not since 
1964 when the Lyndon Johnson won

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overwhelmingly and he had big 
majorities in the House and the 

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Senate, many of which those 
seats came about because of 

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Johnson's strong coattails. 
Did you have a president with 

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this kind of power? 
So a Donald Trump has the power 

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as president to do get a lot 
done through Congress. 

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And I think members of Congress 
will go along a lot with what 

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what he wants. 
Even when President Obama had 

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majority of the House in the 
Senate initially, he didn't have

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quite the coattail effects that 
I think Donald Trump has had in 

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this election. 
So I think you're going to see a

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united government. 
I think the country seems to 

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want a united government. 
I think you're also likely to 

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see the markets go up for a 
while for sure. 

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He believes that not only is a 
stock market going up big time 

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today, but he believes that's 
going to carry forward into the 

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future because this wasn't just 
a Trump victory by narrow 

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margins with the divided House 
and Senate. 

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This was a mandate. 
Trump won a big landslide here. 

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And it looks like he's going to 
win a united House and Senate, 

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meaning that many of the things 
he's wanting to get done, his 

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principal policies of lowering 
taxes and deregulation, have a 

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better chance of getting passed.
Now, if we get those things that

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investors look for, 
deregulation, lower taxes, speed

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up GDP growth, that, of course, 
would be a positive for the 

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market. 
So investors are already pricing

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in some of this happening 
because the path of actually 

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implementing it seems more clear
now in terms of policies that 

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are likely to be implemented. 
One of them is, of course, 

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tariffs. 
Donald Trump has repeatedly 

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talked about tariff in China, 
and that is something that does 

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not require approval from 
Congress. 

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So as soon as he takes over 
presidency, he can slap tariffs 

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on China or raise the tariffs or
do what he wants in regard to 

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that. 
The other thing that does 

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require approval from Congress 
is taxes. 

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The Trump tax cuts that have 
been in effect for the past four

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years are set to expire 
relatively soon. 

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I think his main legislative 
initiative, though I obviously 

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can't speak for him, would 
probably be things in the tax 

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area. 
His tax cuts for five years ago 

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are expiring, and so if he wants
to have them extended or 

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enhanced, he'll have to get that
done relatively quickly. 

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I suspect if he controls the 
House Ways and Means Committee, 

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the Senate Finance Committee, 
and looks like he will, he 

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shouldn't have as much 
difficulty getting that done. 

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Many of the policies that Donald
Trump will be working on have 

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already been in play for the 
past four years. 

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We've already had some level of 
tariffs on China and we've 

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already had the Donald Trump tax
cuts. 

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The difference is instead of 
changing them or taking them 

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away, he's likely going to work 
to extend them. 

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Now, if we look forward to at 
least the next two years of 

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passing lower taxes and less 
regulation, obviously the 

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markets going to look at that 
positively. 

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But the response here is 
incredible. 

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It's crazy. 
My portfolios are going up just 

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like a rocket ship today. 
This one is up $15,000. 

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It's really incredible to see. 
This is an all time high for the

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passive income portfolio. 
We have gains of $290,000, which

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is just incredible to see and a 
total portfolio value of 

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780,000. 
If we switch over to the story 

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fund, we see the same thing 
here. 

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We're reaching all new all time 
gains up to $90,000 total in 

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games with a total portfolio 
value of $254,000. 

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So it's incredible to see the 
gains here. 

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But Even so, there are some 
companies that are winning more 

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than other companies. 
There are some winners and 

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losers here. 
The first one that we can look 

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at is actually one that's not in
My Portfolio, but it's a company

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having a particularly good day, 
which is Tesla. 

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Tesla's up almost 15% on the 
day. 

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And obviously this is a response
Elon Musk aligning himself with 

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Donald Trump. 
I believe a lot of this comes 

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down to regulation. 
If we look at Elon Musk's 

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businesses, of course, a lot of 
them require a ton of government

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regulation, government 
approvals, working in line with 

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government. 
For example, he owns Tesla, 

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SpaceX, Neuralink, and X. 
All of these companies that Elon

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Musk owns are intertwined with 
the government in terms of 

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regulation. 
You can see all these regulatory

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bodies here that are already 
investigating and looking into 

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these companies. 
They have oversight over them 

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and some level of influence. 
So if you're friendly with the 

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president and someone that has 
influence over all these 

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regulatory bodies, that's going 
to be a good thing for your 

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companies. 
Gene Munster explains why part 

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of this move is driven by the 
emotion of this change. 

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I believe Tesla is up today 
because of emotion. 

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And I think the emotion of Tesla
investors, their leader of 

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course, is Elon. 
He just had a big bet that paid 

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off. 
And then we quickly look to 

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what's the next big bet and the 
probabilities. 

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And the next big bet for Tesla 
is around autonomy. 

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And he's been very clear that 
this is the future of the 

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company. 
And forget about what's going to

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happen with EVs and tax credit. 
What matters when it comes to 

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Trump and Elon Musk is Trump's 
ability to make it easier for 

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Musk to advance. 
What they're doing around 

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autonomy, around their their 
tech stack, to use less Lidar, 

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for example, That is going to be
the the regulatory piece around 

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FSD autonomy is going to be more
challenging than the technology 

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piece. 
And that took a big step forward

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today. 
With Tesla being a company so 

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reliant on regulatory hurdles, 
having yourself aligned with the

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00:10:46,040 --> 00:10:49,560
person in charge is certainly a 
benefit to the Tesla investor. 

229
00:10:49,680 --> 00:10:51,840
So there's a reason for Tesla 
investors to be a bit more 

230
00:10:51,840 --> 00:10:54,120
optimistic about the future. 
Another person that has been 

231
00:10:54,120 --> 00:10:57,160
consistently bullish on Tesla's,
Dan Ives, and he reiterates the 

232
00:10:57,160 --> 00:11:00,440
same thing, the same sentiment 
that this is going to be a 

233
00:11:00,560 --> 00:11:03,840
positive impact on the future of
Tesla, mostly because of the 

234
00:11:03,840 --> 00:11:06,320
regulatory hurdles. 
So I think there's three things.

235
00:11:06,440 --> 00:11:11,000
One is that the EV tax credits 
get taken away and I think that 

236
00:11:11,000 --> 00:11:15,040
even though negative for EV 
sector, foolish for Tesla 

237
00:11:15,240 --> 00:11:17,040
because they're scale and scope 
surveilling firms. 

238
00:11:17,240 --> 00:11:21,280
Bad for Detroit, though. 
Bad for Detroit, Bad for, of 

239
00:11:21,280 --> 00:11:23,480
course. 
Bad for GM, Bad for. 

240
00:11:23,480 --> 00:11:25,840
As well. 
Which I and and my view going 

241
00:11:25,840 --> 00:11:27,880
into this was like that was a 
potential risk now he. 

242
00:11:27,880 --> 00:11:30,680
Says that the EV credits being 
taken away is a good thing for 

243
00:11:30,680 --> 00:11:34,360
Tesla and the logic here is that
even though it will directly 

244
00:11:34,360 --> 00:11:38,200
impact Tesla negatively, it'll 
hurt Tesla's competitors even 

245
00:11:38,200 --> 00:11:39,840
more. 
So in the case the EV credits 

246
00:11:39,840 --> 00:11:42,720
get taken away, it actually 
increases the mode of Tesla. 

247
00:11:42,960 --> 00:11:45,800
It distances Tesla further from 
their nearest competitors. 

248
00:11:45,880 --> 00:11:48,080
Now outside of Tesla, there's a 
number of companies that are 

249
00:11:48,080 --> 00:11:51,600
also having big surge upwards 
today, Google being one of them.

250
00:11:51,960 --> 00:11:54,960
Google's a company that I own 
and I've owned it for some time.

251
00:11:54,960 --> 00:11:57,440
It's a company that I've been 
bullish on for actually quite 

252
00:11:57,440 --> 00:11:59,800
some time. 
I've owned it in the story fund.

253
00:11:59,800 --> 00:12:01,200
It's been one of my core 
holdings. 

254
00:12:01,640 --> 00:12:04,840
I'm currently around $16,000 in 
the green position size, 

255
00:12:04,840 --> 00:12:07,960
currently at $44,000. 
This is where I've owned it for 

256
00:12:07,960 --> 00:12:11,200
the longest, but I started 
buying into Google just recently

257
00:12:11,200 --> 00:12:13,200
in the passive income portfolio 
as well. 

258
00:12:13,520 --> 00:12:16,120
I traded out of Canadian 
Pacific, bought more into 

259
00:12:16,120 --> 00:12:18,480
Google, and I'm bullish on this 
company. 

260
00:12:18,480 --> 00:12:20,960
I'm buying it right now. 
In fact, I'm actually buying 

261
00:12:20,960 --> 00:12:24,880
more Google today. 
I currently bought $33,000 more.

262
00:12:24,960 --> 00:12:27,080
This new position is up around 
$1100. 

263
00:12:27,120 --> 00:12:29,320
I've gone over the various 
reasons why I'm bullish on 

264
00:12:29,320 --> 00:12:32,320
Google because of the low 
valuation, the low expectations,

265
00:12:32,520 --> 00:12:35,640
the resilience of their search 
business, the growth of YouTube,

266
00:12:35,640 --> 00:12:37,720
especially the growth of their 
cloud business, and revenue and 

267
00:12:37,720 --> 00:12:40,480
margin. 
Overall, I really like the story

268
00:12:40,480 --> 00:12:43,840
and evaluation of Google, which 
is difficult to find in a market

269
00:12:43,840 --> 00:12:46,440
like this. 
But Google has been struggling 

270
00:12:46,440 --> 00:12:49,120
to gain traction. 
A lot of investors are concerned

271
00:12:49,120 --> 00:12:53,120
about this company, and today we
see it up 3 1/2 percent. 

272
00:12:53,600 --> 00:12:56,960
Now, the reason that Google is 
likely to move up in a Trump 

273
00:12:56,960 --> 00:13:00,320
presidency is specifically 
because of deregulation. 

274
00:13:00,640 --> 00:13:04,400
Right now, Big tech is under 
attack by every regulatory body.

275
00:13:04,440 --> 00:13:07,960
Right now, the FTC director is 
Lena Khan, who is outwardly 

276
00:13:07,960 --> 00:13:11,480
antagonistic against companies 
like Google and Amazon. 

277
00:13:11,840 --> 00:13:15,400
In fact, she wrote her entire 
thesis in college on breaking up

278
00:13:15,400 --> 00:13:17,800
and breaking down Amazon. 
Now, we don't know for sure if 

279
00:13:17,800 --> 00:13:20,720
Donald Trump will replace Lena 
Khan with a new FTC director. 

280
00:13:20,960 --> 00:13:24,240
So far, JD Vance has mentioned 
that he actually views her 

281
00:13:24,240 --> 00:13:27,080
positively in some aspects, that
he likes some of the things 

282
00:13:27,080 --> 00:13:28,840
she's doing. 
So there's some positive 

283
00:13:28,840 --> 00:13:31,080
sentiment there as well. 
But I think there's a good 

284
00:13:31,080 --> 00:13:33,640
chance that this is a role that 
will likely be changed. 

285
00:13:33,960 --> 00:13:36,720
Don't know for sure, but there 
is some speculation on that. 

286
00:13:37,280 --> 00:13:40,160
If Lina Khan is taken out of 
this role and there's someone 

287
00:13:40,160 --> 00:13:42,720
that's a bit more friendly 
towards larger companies like 

288
00:13:42,720 --> 00:13:45,840
Alphabet, like Amazon, if 
they're not constantly under 

289
00:13:45,840 --> 00:13:49,000
threat of being broken up, being
fined, having acquisitions 

290
00:13:49,000 --> 00:13:51,120
blocked, that's going to be a 
positive thing for these 

291
00:13:51,120 --> 00:13:53,120
companies. 
Reuters has reported that Donald

292
00:13:53,120 --> 00:13:56,520
Trump is likely to shift the 
course on these antitrust cases 

293
00:13:56,800 --> 00:14:00,440
and not seek for breakup. 
He's mentioned before, quote, if

294
00:14:00,440 --> 00:14:02,480
you do that, you are going to 
destroy the company. 

295
00:14:02,480 --> 00:14:04,560
What you can do without breaking
it up is more fair. 

296
00:14:04,560 --> 00:14:07,200
So he's already shown some 
sentiment against breaking up. 

297
00:14:07,360 --> 00:14:09,520
So we can see that this tone 
change with a regulatory 

298
00:14:09,520 --> 00:14:12,200
environment does have an impact 
on companies like Amazon and 

299
00:14:12,200 --> 00:14:14,080
Google. 
Both of them are up today. 

300
00:14:14,320 --> 00:14:16,640
I also believe that part of the 
reason these companies are going

301
00:14:16,640 --> 00:14:18,560
up is simply because they're 
just undervalued. 

302
00:14:18,840 --> 00:14:22,320
I think both Google and Amazon 
are worth a bit more than they 

303
00:14:22,320 --> 00:14:24,480
are today. 
I have both of their estimates 

304
00:14:24,480 --> 00:14:27,280
around $220. 
Another company that was 

305
00:14:27,280 --> 00:14:31,560
somewhat more surprising is the 
monumental rise in Texas 

306
00:14:31,560 --> 00:14:33,640
Roadhouse. 
This, of course, is one of my 

307
00:14:33,640 --> 00:14:34,840
key holdings. 
Now. 

308
00:14:35,280 --> 00:14:38,040
It sounds a little silly because
it's just a small restaurant. 

309
00:14:38,040 --> 00:14:41,840
It's a $13 billion market cap. 
They have like 800 locations. 

310
00:14:42,200 --> 00:14:43,600
And this isn't some big tech 
company. 

311
00:14:43,600 --> 00:14:46,400
It's not NVIDIA. 
It's not some worldclass AI 

312
00:14:46,400 --> 00:14:49,760
company. 
They sell tasty rolls in steaks,

313
00:14:50,040 --> 00:14:52,320
rice, mashed potatoes, you name 
it. 

314
00:14:52,640 --> 00:14:54,240
Texas Roadhouse is just a 
restaurant. 

315
00:14:54,520 --> 00:14:57,080
But it's been one of the best 
performing stocks over the past 

316
00:14:57,080 --> 00:14:59,320
five years, beating out many 
companies this year. 

317
00:14:59,640 --> 00:15:01,840
So far this year, when you 
factor in the hefty dividend 

318
00:15:01,840 --> 00:15:05,800
they pay, it's up over 70% on 
the year and with it rising 

319
00:15:05,800 --> 00:15:11,040
another nearly 6% on the day, 
we've surpassed $200 per share, 

320
00:15:11,080 --> 00:15:13,880
making Texas Roadhouse the most 
profitable company I've invested

321
00:15:13,880 --> 00:15:16,440
in since the beginning of My 
Portfolio with current gains of 

322
00:15:16,440 --> 00:15:20,560
$53,000 and a total position 
size of $87,000. 

323
00:15:20,600 --> 00:15:23,680
And right now, this company has 
moved my third largest position 

324
00:15:23,680 --> 00:15:25,840
in My Portfolio. 
This is one that I had to think 

325
00:15:25,840 --> 00:15:29,040
about more because they didn't 
face any type of regulations. 

326
00:15:29,040 --> 00:15:31,080
They didn't face any type of 
disruption risk. 

327
00:15:31,400 --> 00:15:34,440
I believe the primary reason 
that Texas Roadhouse is doing a 

328
00:15:34,440 --> 00:15:37,120
little bit better today is 
simply the projection of lowered

329
00:15:37,120 --> 00:15:40,080
and maintained tax levels. 
Companies like Texas Roadhouse 

330
00:15:40,080 --> 00:15:43,720
have very small margins. 
Restaurants are not high margin 

331
00:15:43,720 --> 00:15:47,080
businesses, they're low margin, 
high volume businesses. 

332
00:15:47,320 --> 00:15:51,480
So any fluctuation in effective 
tax rate has a huge impact on 

333
00:15:51,480 --> 00:15:54,000
their overall profitability. 
So if Texas Roadhouse was to 

334
00:15:54,000 --> 00:15:57,600
hypothetically have their taxes 
raised another 3 or 4% from a 

335
00:15:57,600 --> 00:16:01,240
hypothetical Kamala victory, 
then this would eat into the 

336
00:16:01,240 --> 00:16:03,680
earnings of the company. 
It wouldn't destroy it, it 

337
00:16:03,680 --> 00:16:06,240
wouldn't cause destruction to 
it, but it would eat into the 

338
00:16:06,240 --> 00:16:09,040
earnings a little bit for the 
company. 2 business that are 

339
00:16:09,040 --> 00:16:11,880
likewise in the green a lot 
today are Visa, MasterCard. 

340
00:16:12,240 --> 00:16:15,120
Again, these are two companies 
that are dominant monopolistic 

341
00:16:15,120 --> 00:16:18,440
companies that will benefit from
a less regulatory burden 

342
00:16:18,480 --> 00:16:20,800
environment. 
Another one of My Portfolio that

343
00:16:20,800 --> 00:16:25,400
popped a lot today is into it. 
This one's up almost 6% on the 

344
00:16:25,400 --> 00:16:26,760
day. 
Now, there's a couple reasons 

345
00:16:26,760 --> 00:16:29,320
why this one could be surging 
today, but I believe the biggest

346
00:16:29,320 --> 00:16:32,160
one is because under the Biden 
administration, there was a 

347
00:16:32,160 --> 00:16:35,520
strong effort to create a free 
government tax solution. 

348
00:16:35,560 --> 00:16:37,880
And that's something that's not 
likely to get as much priority 

349
00:16:37,880 --> 00:16:40,240
under a Trump administration. 
Now, two companies that are 

350
00:16:40,240 --> 00:16:43,920
breaking the mold, ones that are
either flat or in the red on 

351
00:16:43,920 --> 00:16:47,880
this enormous Green Day, are and
Global and Moodys. 

352
00:16:48,000 --> 00:16:50,040
O What gives? 
Why are Moodys and Global 

353
00:16:50,040 --> 00:16:52,480
trading down while the rest of 
the market is surging? 

354
00:16:52,920 --> 00:16:55,560
Well, the primary reason I 
believe is because of a term 

355
00:16:55,600 --> 00:16:57,920
called ESG. 
Both Moody's and S&P Global have

356
00:16:57,920 --> 00:17:01,560
aspects of their business where 
they sell ESG ratings, which is 

357
00:17:01,800 --> 00:17:04,240
environmental, social and 
governance ratings for 

358
00:17:04,240 --> 00:17:06,280
companies. 
It's basically a rating given to

359
00:17:06,280 --> 00:17:08,520
assess the non financial risks 
of a company. 

360
00:17:09,000 --> 00:17:12,480
Now this term ESG has become 
heavily politicized. 

361
00:17:12,480 --> 00:17:15,400
Over the past eight years it's 
been something that Republicans 

362
00:17:15,400 --> 00:17:17,440
have fought against. 
Republicans believe it's a bit 

363
00:17:17,440 --> 00:17:19,960
of a Trojan horse in controlling
these different companies. 

364
00:17:20,400 --> 00:17:24,359
So with Trump winning, there's 
one small portion of S&P 

365
00:17:24,359 --> 00:17:27,720
Global's business that could be 
impacted negatively if they were

366
00:17:27,720 --> 00:17:31,560
to take a big stance against ESG
ratings or to try to regulate 

367
00:17:31,560 --> 00:17:33,200
them or do something negative to
them. 

368
00:17:33,560 --> 00:17:36,520
That's the only reason that I 
can think of the S&P Global and 

369
00:17:36,520 --> 00:17:38,920
Moody's would be in the red on 
this day. 

370
00:17:38,920 --> 00:17:41,160
From a long term perspective, as
someone that's invested in both 

371
00:17:41,160 --> 00:17:43,320
of these stocks, I don't think 
it's going to have a long term 

372
00:17:43,320 --> 00:17:45,440
negative impact. 
They're going to continue 

373
00:17:45,440 --> 00:17:48,760
selling this data and analytics 
to companies, and if they have 

374
00:17:48,760 --> 00:17:51,880
to rebrand it from ESG to 
something different and pivot 

375
00:17:51,880 --> 00:17:53,880
what they're selling a little 
bit, I don't think that's going 

376
00:17:53,880 --> 00:17:56,200
to be too much of a problem. 
Now finally we get to another 

377
00:17:56,200 --> 00:17:59,360
holding, which this has been the
best investment I've made over 

378
00:17:59,360 --> 00:18:01,600
the past six months. 
Booking holdings. 

379
00:18:01,960 --> 00:18:06,520
It surpassed $5000 per share, up
2.3% on the day. 

380
00:18:07,320 --> 00:18:10,400
This is incredible. 
When I invested in this one, it 

381
00:18:10,400 --> 00:18:14,040
was a bit of lucky timing. 
I came out with a video and the 

382
00:18:14,040 --> 00:18:17,320
stock dropped when I already had
done research on it. 

383
00:18:17,400 --> 00:18:20,240
And that is the best situation 
when you've already done a lot 

384
00:18:20,240 --> 00:18:22,920
of research on a company, you're
thoroughly convinced it's a 

385
00:18:22,920 --> 00:18:25,880
great company, it's a great bet.
The risk and reward is already 

386
00:18:25,880 --> 00:18:28,800
good and then the price goes 
down for reasons that don't make

387
00:18:28,800 --> 00:18:30,680
sense. 
During this earnings report that

388
00:18:30,680 --> 00:18:33,360
the stock dropped, they raised 
guidance, they beat on their 

389
00:18:33,360 --> 00:18:35,920
earnings and on their revenue. 
Everything looked great. 

390
00:18:36,160 --> 00:18:38,440
Even the CEO said this is a 
great report. 

391
00:18:38,680 --> 00:18:40,280
We don't know what Wall Street 
thinks. 

392
00:18:40,280 --> 00:18:42,640
We don't really care what they 
think, but our business is doing

393
00:18:42,640 --> 00:18:44,000
well. 
That's what the CEO said about 

394
00:18:44,000 --> 00:18:46,840
the company when the stock 
dropped 10 or 15%. 

395
00:18:47,200 --> 00:18:49,720
So I was able to pick up a lot 
of shares during this time. 

396
00:18:49,720 --> 00:18:53,080
That was a low point for it, and
it's just surged upwards since 

397
00:18:53,080 --> 00:18:57,400
then, going from $3300 per share
now to $5000 per share. 

398
00:18:57,480 --> 00:18:59,840
When I look at Booking holdings 
today and the future of this 

399
00:18:59,840 --> 00:19:01,880
company, I still believe it's 
very bright. 

400
00:19:02,160 --> 00:19:05,640
They offer travel and vacation 
experiences. 

401
00:19:05,920 --> 00:19:08,600
This is an area that I think is 
good to invest in right now. 

402
00:19:08,920 --> 00:19:11,400
GDP per capita is growing rather
quickly. 

403
00:19:11,520 --> 00:19:14,320
People are inheriting lots of 
money from their parents. 

404
00:19:14,520 --> 00:19:17,280
They have money to spend. 
Not everybody wants to spend it 

405
00:19:17,280 --> 00:19:19,360
on things. 
Most people want to spend it on 

406
00:19:19,360 --> 00:19:22,680
experiences and booking holdings
is a bridge you have to pass to 

407
00:19:22,680 --> 00:19:25,520
go on those experiences. 
So this company maintains a very

408
00:19:25,520 --> 00:19:28,480
advantageous position to be in. 
So like I said before the 

409
00:19:28,480 --> 00:19:31,600
elections, like I would say 
after every election, including 

410
00:19:31,600 --> 00:19:34,960
the one four years ago where 
Biden won, I made a video after 

411
00:19:34,960 --> 00:19:38,680
that election as well saying 
that I'm bullish on America and 

412
00:19:38,680 --> 00:19:41,240
I remain the exact same today. 
I'm still bullish on this 

413
00:19:41,240 --> 00:19:43,040
country. 
I think it's going to do great. 

414
00:19:43,040 --> 00:19:44,640
We have so many smart people 
here. 

415
00:19:44,640 --> 00:19:47,840
We have so many great companies.
There's so many opportunities. 

416
00:19:47,840 --> 00:19:50,280
Now that the election is over 
and earning season is winding 

417
00:19:50,280 --> 00:19:53,480
down, I'll be coming out with 
more news oriented content as 

418
00:19:53,480 --> 00:19:55,520
well as deep dives in the 
different companies. 

419
00:19:55,800 --> 00:19:58,280
I have a deep dive into a 
company that I've not talked 

420
00:19:58,280 --> 00:20:00,520
much about that I think is very 
compelling. 

421
00:20:00,600 --> 00:20:02,760
I'll be releasing that one 
relatively soon. 

422
00:20:02,760 --> 00:20:04,880
If you want to see it, just make
sure you subscribe to the 

423
00:20:04,880 --> 00:20:06,640
channel. 
Other than that, see you next 

424
00:20:06,640 --> 00:20:06,760
time.