Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
Many people forget that banks are profit-driven businesses. I prefer not to keep a large sum sitting in a bank. Instead, I choose to invest with expert guidance, reap the rewards, and build savings for my retirement.
If you’re in it for the long haul, think of investing like buying gas: always go for quality, stick to a consistent routine no matter the price, and trust that over time, it’s bound to rise. 😂
What will make the better story? Such a helpful filter. I took that and turned it into a rule called the 60-24 rule. (And I've been testing it for the last 23 days) Every decision I make I either choose if it's a 60 minute decision or a 24-hour decision and then I act and I don't look back. This rule caused me to take the trip of a lifetime. drove down the California coast in a Jaguar F-Type with one of my best friends. We got stuck on a back road (but were saved by a stranger and a chainsaw) Christmas day the car overheated (another stranger saved me with zip ties and a water jug) one of the best experiences of my life.
NO SMALL BOY STUFF BABY. I designed that crew! Shoutout Ben and Jack. This ep is a BANGER btw, witnessing ppl use LLMs like you talk about is my unlimited breadsticks at Olive Garden
I love when you guys talk investing because that’s what you all inspired me to build my business on. Now, The Simple Side is a legendary name in the world of investing. Thank you boys so much - also NO SMALL BOY STUFF
I seriously love your episodes. You are the best ! I look forward to your next chats. Its because you're really honest down to earth and there's no over the top sell and IG models type money hype that's out there. Im trying really hard to grow as a late starter entrepreneur who is loving life and the journey now. Just trying to understand technology to implement it in my life to be helpful to people around me ! Here to learn and grow and keep the news coming ! Thank you so much !
The levity at the end of the show when you both sort of ponder 'well, what do we all do?' once AI has taken over was refreshing and very real. I hit that realisation a while back and have been furiously trying to get ahead of it and pivot so that my family is secure. My job is replaceable right now, with existing AI capabilities. It is only some weird lag or inertia that has meant my company isn't looking at doing so. AI will solve a lot of problems, but will displace a lot of people for a significant time before we can work out where we fit in this new world.
The technology is powerful but it’s also a huge breach of privacy. What about the implications of blindly trusting it? And development of critical thinking skills?
Nasim Taleb was a trader and he happen to make his money because he had put options during a crash which skyrocketed in value. Also his tweet. Tom Sosnoff from tasty live has been saying that for years.
News is inherently old information especially in reference to the stock market. The price gain/loss is already baked in when news is released. Institutional investors (smart money) knew the information weeks ago. Any change in the market thereafter is caused be individual investors also called “dumb money.”
This conversation really resonates with me! I’ve been exploring how AI can simplify and enhance life planning too, and it’s been such a game-changer. In fact, it inspired me to build a small AI tool called PlanBrightAI to help people create personalized roadmaps for their goals. Hearing you both talk about using AI for planning makes me feel even more excited about the potential of this tool. Thanks for sharing these insights-it’s encouraging to see others embracing AI in such a meaningful way!
Shaan with the wisdom! Between the gpt hack from a few pods ago and now turning the question how can I do X into why haven’t I already done X. These bombs are reshaping my business.
I've been a follower and viewer of MFM for a while now but this episode has hitted differently. This was the best listen of the evening hands down. Sam purchasing the 200$ Chatgpt subscription without nowing who it's for is Soo funny 😂 38:09
The answer Shaan is that you're in charge and the ai systems are tools. You can take advantage of these tools to do whatever they become capable of, whether the idea is yours or one you co-create with the ai. The tools are simply enablers, whether language model, or agent, or robots
I can never tell if you guys are actually hilarious or if I'm just a business nerd. Either way your content always makes me laugh. Thanks for another great one Sam and Shaan! Love the pod. Hope you have a great 2025
Shaan summarizing Sam as a criminal to: "I'd just buy the S&P 500" made me laugh out loud. I'm an index guy, too, so nothing buy love. So funny though.
Great video. You guys have great tips on how to take chat gpt to the next level. Will try some of these use cases. Do you guys never use Claude? I use it everyday and find it best for writing tasks.
Some version of “podcast equipment should be more expensive” is on every podcast clip that goes any level of viral. It’s like yelling “run Forrest run” at a jogger.
That description of an llm sounded more like optical character recognition to me, am I wrong? I could see where an llm would use OCR, but not for the main part of its logic
@@kev_999 sorry my comment was probably poorly worded. that is what I get for working out while commenting. it was in reference to the website where you can make investments based on the news. people didn't do well. I would be interested to see how AI would do if given the same task.
So we just take random people who have no real investing or trading experience to make decisions on random news from the past, essentially just placing a bet in which they have no other context on how the market has been performing no skills in reading charts, knowing if you re in a down trend or up trend etc. If that is the case, the yea you going to get gambling results. Whcih means, this study is pretty much worthless.
I am super curious about AI mass adoption. I’m in my 30s and like 1 out of 10 of my friends use AI so I’m just really curious what widespread adoption will look like outside of tech bro scene
Sam Parr and Shaan Puri discuss using ChatGPT as a life coach, investing wisdom from Nassim Taleb, and how large language models work. They explore practical applications of AI in daily life and business, and ponder the future implications of AI advancement.
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
Many people forget that banks are profit-driven businesses. I prefer not to keep a large sum sitting in a bank. Instead, I choose to invest with expert guidance, reap the rewards, and build savings for my retirement.
If you’re in it for the long haul, think of investing like buying gas: always go for quality, stick to a consistent routine no matter the price, and trust that over time, it’s bound to rise. 😂
You guys are getting better and better.
Usually I don't comment but this the best episode hands down
Their secret juice is back!!!
Me neither, but we should start comment more. This pod deserves more attention, they are providing such amazing value and interesting topics.
What will make the better story?
Such a helpful filter.
I took that and turned it into a rule called the 60-24 rule. (And I've been testing it for the last 23 days)
Every decision I make I either choose if it's a 60 minute decision or a 24-hour decision and then I act and I don't look back.
This rule caused me to take the trip of a lifetime.
drove down the California coast in a Jaguar F-Type with one of my best friends. We got stuck on a back road (but were saved by a stranger and a chainsaw) Christmas day the car overheated (another stranger saved me with zip ties and a water jug)
one of the best experiences of my life.
NO SMALL BOY STUFF BABY. I designed that crew! Shoutout Ben and Jack.
This ep is a BANGER btw, witnessing ppl use LLMs like you talk about is my unlimited breadsticks at Olive Garden
I love when you guys talk investing because that’s what you all inspired me to build my business on. Now, The Simple Side is a legendary name in the world of investing. Thank you boys so much - also NO SMALL BOY STUFF
Hi simple side. I listen to your podcast 😊
@ THATS AWESOME! Hope you’re enjoying it! What would you like me to do better?!
@@The.Simple.Side.Substack I think just keep doing what you’re doing 🙂
I seriously love your episodes. You are the best ! I look forward to your next chats. Its because you're really honest down to earth and there's no over the top sell and IG models type money hype that's out there. Im trying really hard to grow as a late starter entrepreneur who is loving life and the journey now. Just trying to understand technology to implement it in my life to be helpful to people around me ! Here to learn and grow and keep the news coming ! Thank you so much !
Great episode ,glad to watch this!!!
Your podcast is my favorite podcast, but that song is a banger!
The question section was the best. Thanks for the wisdom
The levity at the end of the show when you both sort of ponder 'well, what do we all do?' once AI has taken over was refreshing and very real. I hit that realisation a while back and have been furiously trying to get ahead of it and pivot so that my family is secure. My job is replaceable right now, with existing AI capabilities. It is only some weird lag or inertia that has meant my company isn't looking at doing so.
AI will solve a lot of problems, but will displace a lot of people for a significant time before we can work out where we fit in this new world.
The technology is powerful but it’s also a huge breach of privacy. What about the implications of blindly trusting it? And development of critical thinking skills?
I would love to get a list of those questions that you asked it. I use it regularly but never thought to link it to my life like that.
Great show. Outro is 🔥 😂
Love this pod! Can you do a video focused on ChatGPT prompts and share your stories about the experiments please?
Nasim Taleb was a trader and he happen to make his money because he had put options during a crash which skyrocketed in value.
Also his tweet. Tom Sosnoff from tasty live has been saying that for years.
AI after 5 years - "No small LLM stuff"
News is inherently old information especially in reference to the stock market.
The price gain/loss is already baked in when news is released. Institutional investors (smart money) knew the information weeks ago. Any change in the market thereafter is caused be individual investors also called “dumb money.”
This conversation really resonates with me! I’ve been exploring how AI can simplify and enhance life planning too, and it’s been such a game-changer. In fact, it inspired me to build a small AI tool called PlanBrightAI to help people create personalized roadmaps for their goals. Hearing you both talk about using AI for planning makes me feel even more excited about the potential of this tool. Thanks for sharing these insights-it’s encouraging to see others embracing AI in such a meaningful way!
Shaan with the wisdom! Between the gpt hack from a few pods ago and now turning the question how can I do X into why haven’t I already done X. These bombs are reshaping my business.
Thanks for showcasing screenpipe :)
I've been a follower and viewer of MFM for a while now but this episode has hitted differently.
This was the best listen of the evening hands down.
Sam purchasing the 200$ Chatgpt subscription without nowing who it's for is Soo funny 😂 38:09
That ending was gold!🤣🤣🤣
Top-notch ep
Love these episodes
The answer Shaan is that you're in charge and the ai systems are tools. You can take advantage of these tools to do whatever they become capable of, whether the idea is yours or one you co-create with the ai. The tools are simply enablers, whether language model, or agent, or robots
I can never tell if you guys are actually hilarious or if I'm just a business nerd. Either way your content always makes me laugh. Thanks for another great one Sam and Shaan! Love the pod. Hope you have a great 2025
I use chat gpt it’s kinda of generic in its answers. What platform do you guys use
Here we go! Happy New Year!
I use GPT the exact same way and it's changed my life.
😂 love the outro
Absolutely hilarious! And deeper than you might think…
Shaan summarizing Sam as a criminal to: "I'd just buy the S&P 500" made me laugh out loud.
I'm an index guy, too, so nothing buy love. So funny though.
Life coaches are going to try to cancel this @40:11
Great video. You guys have great tips on how to take chat gpt to the next level. Will try some of these use cases.
Do you guys never use Claude? I use it everyday and find it best for writing tasks.
Love the ending sound track!!! Is that your music Shaan? The vocals sounds like Sam.
Sam, what sweater is that? looks extremely cozy
elite content!
Some version of “podcast equipment should be more expensive” is on every podcast clip that goes any level of viral.
It’s like yelling “run Forrest run” at a jogger.
52:06 anyone got reference to what Sam said? About the email having powerful questions
That description of an llm sounded more like optical character recognition to me, am I wrong? I could see where an llm would use OCR, but not for the main part of its logic
This is like my mom discovers the internet
Loving the picks! XAI96T, DOGE, and AVAX look so promising. Might double my funds in these next week.
DOGE looks promising? Could be insanely lucrative or an epic fail.
I really like the "you can not outsource soul"
You guys need to make some merch
Shawn "Never Clear My Throat" Puri strikes again
Great video! Profited 30%! XAI96T and ADA look solid. SOL also tempting. Should I stick or diversify?
Outro music hits.
Hey where’s that back to the future game sir ?
The outro slapped😂
It's not surprising they lost money if they went off headlines. By the time main stream news reports on it the value is already priced in.
AVAX and XAI96T crushing it. Thanks to your tips, I’m up $30k already and still holding 🚀
Holding XAI96T and SHIB tight, we def gonna hit that 15x soon. FOMO is real!
nice shetland crew sam
Investor relations
that outro song is actually jokes haha
Petition to make Another White Boy with A Podcast the official outro of MFM
So David beating Goliath was small boy stuff?
Would be interesting to run AI against the screenshot of the news to see what it recommends. Making sure to prompt out knowing the actual results.
I don't get it?
@@kev_999 sorry my comment was probably poorly worded. that is what I get for working out while commenting. it was in reference to the website where you can make investments based on the news. people didn't do well. I would be interested to see how AI would do if given the same task.
Love 3b1b!
So we just take random people who have no real investing or trading experience to make decisions on random news from the past, essentially just placing a bet in which they have no other context on how the market has been performing no skills in reading charts, knowing if you re in a down trend or up trend etc. If that is the case, the yea you going to get gambling results.
Whcih means, this study is pretty much worthless.
100%
I am super curious about AI mass adoption. I’m in my 30s and like 1 out of 10 of my friends use AI so I’m just really curious what widespread adoption will look like outside of tech bro scene
7.3
💰
small boy deep in Africa growing into the phrase.
no small boy,
i have the answer to the new currancy, who should i tlak to, Saylors?
I'm about to sell my investment property and make my first million!
Sam Parr and Shaan Puri discuss using ChatGPT as a life coach, investing wisdom from Nassim Taleb, and how large language models work. They explore practical applications of AI in daily life and business, and ponder the future implications of AI advancement.
ChatGPT is losing market share…
End
my comment gets removed.. :( I was first
Still laughing 🤣
Everyone's a podcaster.
be afraid
10% profits already thanks to your call. Thinking about XAI96T, MATIC, and ETH. Should I go deeper?
@shaan - buying microsoft means you own open ai, right?
If you’re holding XAI96T and ADA, don’t sell. Moon vibes incoming big time! 🔥
XAI96T and SHIB about to dominate headlines. Everyone will FOMO once they see what’s coming!
Did dharmesh get the buy a domain idea after Sam enjoyed copythat after having trycopythat. Did dharmesh buy chat com or something.
Imagine XAI96T at $1 now and $15 next year. That’s why I’m all in-no brainer!
XAI96T and ETH together? Bro, this combo feels unstoppable. 15x is just the start 🚀