Bettina's Fall/Winter 2024 Fall Fashion Show

Oregon wins 32-31 over Ohio State

Exploiting loophole in rules. NCAA to close loophole.

• In the National Football League, the clock reverts back to the original time on a 12-man penalty — that is not the case in college football.
• 10 seconds to go. 3rd and 25.
• Put an extra defender on field. Then either:
  • (a) Buckeyes make a play and decline penalty. Or
  • (b) Penalty accepted, and 4 seconds off clock. Only 5 yds gained.
• Now only 6 seconds on clock and need 10-12 yds to make field goal more realistic.
• Time more important than yards.

529 Plans and Markets

• Fidelity or Vanguard. Done.
  • Wealthfront: couldn’t find the underlying portfolio holdings?
  • Holdings are WAY too conservative.
• 6000/month &6% or 7&7. Gets you between $200-$250k.
• 529 Rollovers?
  • Can’t roll it all to a Roth. $35,000 lifetime.

RoboTaxi - We-Robot Event

• Elon key note.
• Stayed in LA at Burbank Hotel. Nice.
• Elevator operator analogy.
• Cyber Cab unveil. Below $30k. No wheels or pedals. Production in 2026 (optimistic).
  • Inductive charging. No plug.
• Fully autonomous unsupervised FSD in CA and Texas in 2025. Model 3
• Van that can carry up to 20 people or packaging.
• Optimus
  • Serving drinks and interacting with everyone there. Rumor is some human involvement.
  • My interaction with Optimus. Sub-optimal
  • Should cost $20-30k.
  • Still thinks it will be biggest product ever of any kind. Everyone will want an optimus “buddy”.

Nvidia and XAI:

• Jensen Juang on Brad Gerstner Podcast.
• 100m AI assistants to aid his workforce.
• Jensen talking to Brad: https://x.com/ajtourville/status/1845481395625304331?s=51&t=YUkdoBz4yNifBaQlQUp3-g
  • “Never been done before – xAI did in 19 days what everyone else needs one year to accomplish.
  • “Easily the fastest super computer on the planet”.
  • Normally 3 years to plan and 1 year to set up.
  • That is superhuman – There's only one person in the world who could do that – Elon Musk is singular in his understanding of engineering.”
• From Pierre Ferragu

Hiive

• Can buy SpaceX and XaI there.
• Sometimes with major conditions, like annual fee and “carry” of 10-20%.

Netflix Earnings: Strong.

Crypto

Best asset class returns in 5 and 10 years…not fair to go back further?

• How much to own?
• Why?
• And where to hold it/ how to invest in it?
• IBIT and ETHA.
• Tight correlation to underlying assets.
• Managed by iShares/ Blackrock, so probably good controls in place.
• Fees are reasonable.

Recommendations:

• Wife: Citadel Diana on Amazon