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Nvidia, taken apart
Nvidia sells the machines the AI boom runs on. Here's what it makes, who builds it, who pays for it, and what it earns.
Who pays for the AI buildout (and why the bond scare could be the opening)
CoreWeave's bonds just cratered, and people are saying the AI buildout is maxed out. I think the scare misses who's holding the checkbook.
Where AI takes the economy
When a computer can do anything a person does on a computer, work stops being limited by how many people you can hire. That's the part I don't think is priced in.
What Nvidia could be worth
Nvidia's stock price comes down to three numbers: how much it sells, how much of that it keeps as profit, and how many years of that profit people will pay for. Here's the math to $1,000 a share.
What money really is
Most money isn't printed. It's typed into existence when someone takes out a loan.
Who runs it (the Fed, banks and government)
The Fed isn't a private company. It's weirder than that.
Why cash loses
A dollar from 1913 buys about 3 cents of stuff today.
Who profits from your money
Your advisor's 1% fee could cost you almost $2 million.
How companies make money
A stock isn't a ticker. It's a slice of a business. Learn to read the business.
Build your own portfolio
Diversification protects wealth. Concentration builds it. Sizing keeps you alive.
Crashes are part of the deal
Nvidia has dropped more than 50% twice since 2018. Holders still won. Here's how.
What's next (AI, robotics and productivity)
The way out of the debt problem isn't austerity. It's productivity, and AI just turned it on.
You're all caught up.
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