The simple investing strategy I used to turn $20K to $80M

Chris: You basically initiate an observational social orb trade at the point of information imbalance when you find some information that is impactful that the world doesn't know about yet and you exit that investment as the world starts to appreciate that information. And that's not always a binary event either. Sometimes you exit it over time as more and more investors start to appreciate the information. Now you try to ignore stock price. The assumption is that if that piece of information is meaningfully positive to that company as other people start to surface that information that it will positively impact the stock, but that's out of your control. The bottom line is you're trading a thesis. Your thesis revolves around one piece of information. And when that information gets widely disseminated to other investors, then you no longer have an information advantage. Therefore, you should be exiting that trade.

Chris: And a perfect example of that is Tesla. Okay, I actually wasn't early into Tesla, but do you know how many terrible investors otherwise? I mean, these are people that hadn't done anything in their entire life in the investing world and probably haven't done much since are 1% investors because they were behind the wheel of a Tesla in early days and they realized this is a gamechanger and they put some meaningful not even that meaningful just some reasonable amount of money into Tesla stock and that one investment made them a top 1% global investor for like a 10 or 15 year period or 20-year period and changed the trajectory of their entire life. They're not hyper intelligent. They're probably like any regular person. They're probably like most of the people that watch this show or any other show. And it's all about just understanding that that's all it takes because most people never even try this because they think I can't compete with pedigreed investors from Wall Street. I can't spend 6 hours a day doing technical trading. They don't realize you don't need to. You can just go on with your life. Live your life. Just keep your mind open to potentially early discovering the next big thing. That's it. That's literally it.

Chris: Amazon is betting the entire company on AI. End of story. As is some of the other big tech companies, right? They are leveraging all of their profits. They're leveraging their balance sheet. They are building out massive infrastructure unlike they ever had in the history of the company. They are making the biggest capex investment of any company in the world by a big margin in AI. And the world is still unsure about how this is going to play out. I'm not unsure. I'm willing to bet it all. They they think that the infrastructure layer of AI which is Amazon. Because Amazon understand this. They are a chip company, right? Their tranium, their chips alone, their tranium AI chips are generating like $50 billion of revenue this next year. They are the one of the largest infrastructure data center companies in the entire world. and their AWS platform and everything that they've constructed in cloud computing over the past 15 plus years sits at the center of this architecture infrastructure for AI. On top of that, Amazon is the third largest digital advertising company in the world. So as AI makes advertising meaningfully more efficient and targeted and effective and personal and rich for consumers. Amazon is at the center of that wave. Additionally, Amazon has spent 20 years building out the world's largest logistical infrastructure for the delivery of physical product to humans.

Chris: I think that ultra high net worth wealth class is probably miserable because of all these factors. And it's really hard to stay grounded. It's exceptionally difficult to like stay connected. And you guys know there's nothing more important in life than being deeply connected with other humans. Nothing. And this thing makes it very hard to stay deeply connected. So, it's almost like a hack not letting yourself get to that point. Like, I know it sounds crazy. There is there is a sweet spot. I think there is a sweet spot for wealth and it's different for every person and you can kind of sense when you kind of get out of the range of that sweet spot cuz you can kind of sense these things starting to happen. And there are a lot of ways to knock yourself back down. One of them is starting a foundation and just giving money into the foundation, right? It's not yours anymore.