350: Ross Gerber on Tesla and Bitcoin

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 31 July 2020

⏱️ 98 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ross is the Co-Founder, President and CEO of Gerber Kawasaki Wealth and Investment Management. Ross has become one of the most influential investors on social and in traditional media. In this conversation, we discuss the 2008 financial crisis, how he leveraged social media early, what his Tesla thesis entails, what the Tesla bears got wrong, his lack of belief in cash, bitcoin as a global reserve currency, government corruption, and negative yielding bonds. =============================== Crypto.com is the only all-in-one platform that allows you to BUY / SELL / STORE / EARN / LOAN / INVEST crypto all from one place. Join over 1 million users currently using the Crypto.com app. Download and earn $50 USD using my code ‘pomp2020’, or use the link https://platinum.crypto.com/r/pomp2020 when you sign up for one of their metal cards today. =============================== Did you know only 1% of day traders actually turn a profit? So why are so many of us mistaking picking stocks for serious investing? You can’t control the markets, but you can control your risks. So how do billionaire investors control their risk? They invest in blue-chip art. If that sounds unusual to you, you’re not alone. But the ultra-wealthy have been investing in art for centuries. And since 2000, art has outperformed the S&P by an incredible 180%. Just a few years ago, a single work sold for $450 million! Imagine...Being able to invest in the very same paintings as millionaires and billionaires, at a fraction of the cost. Masterworks.io is an exclusive platform that makes it as easy as trading stocks online. And the best part is: you don’t need to know anything about art. Their experts will create a custom portfolio to meet your investment needs. With Masterworks.io you don’t have to choose between big risks and big returns. Sign up today, select PODCAST and you can skip the 70,000 waitlist to get first dibs. Just go to www.masterworks.io and select PODCAST. Hurry, this offer expires =============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:05.3	podcast, simply the best podcast out there. Let's kick this thing off. Ross Gerber is the co-founder,
0:12.6	president, and CEO of Gerber Kawasaki Wealth and Investment Management. Ross has become one of the
0:18.6	most influential investors on social and in traditional
0:21.4	media over the years. In this conversation, we discussed the 2008 financial crisis, how
0:27.7	he leveraged social media early, what his Tesla thesis entails, what the Tesla bears got
0:33.4	wrong, his lack of belief in cash, Bitcoin as a global reserve currency, government corruption,
0:40.4	and negative yielding bonds. I really enjoyed this conversation with Ross, and I hope you do as well.
0:46.3	Before we get into this episode, though, I want to quickly talk about our sponsors. The first one
0:50.9	is Masterworks. You got to go check these guys out. Did you know that only 1% of
0:55.9	day traders actually turn a profit? So why are so many of us mistaking, picking stocks for serious
1:00.5	investing? You can't control the markets, but you can control your risk. So how do billionaire
1:05.0	investors control their risk? They invest in blue chip art. That's right. It may sound unusual
1:09.8	to you, but you're not alone.
1:11.6	The ultra wealthy have been investing in art for centuries.
1:14.6	And since 2000, the private art market has outperformed the S&P by an incredible 180%.
1:20.7	Just a few years ago, a single piece of art sold for $450 million.
1:25.8	Imagine being able to invest in the very same paintings at millionaires
1:28.9	and billionaires at a fraction of the cost. Well, that is what Masterworks does. Masterworks.
1:34.8	It's an exclusive platform that makes it as easy as trading stocks online. And the best part is
1:40.9	you don't need to know very much about art. They have experts standing by that will help you create a customized portfolio to meet your investment needs.
1:49.9	With masterworks.io, you don't have to choose between big risks and big returns.
	...

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