# Why Wealthy Investors Refuse to Sell Their Tech Stocks

An episode of [Earn Your Leisure](https://invisiblenetwork.ai/podcast/1450211392), 9 May 2026, 7:57.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/8dbc4f54-a337-4481-9ef2-b355012b0a3d/4c6014f7-5cbc-44da-b72e-b4450129555c/audio.mp3?utm_source=Podcast&in_playlist=eac4c628-29cb-469a-b5c8-b355012b0a48

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## Transcript

[0:00] Speaker 1: What is stocks? Is it time to sell? I know
[0:04] Speaker 1: that after that? Right, so is it time to sell
[0:09] Speaker 1: the stocks? Because they say something like selling may walk away?
[0:15] Speaker 2: Spelling man go away?
[0:16] Speaker 1: So being at stocks are currently right now at its
[0:19] Speaker 1: all time high across the board for the most part,
[0:24] Speaker 1: is it time to walk away? Exit stage left?
[0:28] Speaker 3: No? I know. Gary Shillen said amazing economents that the
[0:32] Speaker 3: market could fall thirty percent per year. When I was
[0:35] Speaker 3: watching the conversation that Milking Institute, right, the one thing
[0:38] Speaker 3: I noticed is that when and you guys have been
[0:41] Speaker 3: too DeVos and the conversations that I've had and ascertained
[0:46] Speaker 3: they only most people only tell you about selling when
[0:50] Speaker 3: it's media time. Privately, has Robert Smith like when he
[0:54] Speaker 3: tried to sell you the agent, did he ever say, Man,
[0:57] Speaker 3: I'm about to get rid of this equity.
[1:00] Speaker 2: It doesn't happen. Put this in chat.
[1:02] Speaker 3: The only people who tell you to sell are those
[1:05] Speaker 3: who want you to be broke. No wealthy investor or
[1:10] Speaker 3: any investor who's any good is telling you to get
[1:12] Speaker 3: rid of the entire landscape of investing. You have a
[1:16] Speaker 3: gentic that is still untapped. Anthropic is doing thirty billion
[1:21] Speaker 3: a year for those who don't know. That is a
[1:22] Speaker 3: gigantic number. They haven't even went public yet. Samsung's on
[1:27] Speaker 3: a tear and Nvidia is on a tear. Lily is
[1:31] Speaker 3: about to go on a tear. Matas is on the
[1:34] Speaker 3: verge of having a turnaround. So all the people who
[1:39] Speaker 3: are the wealthiest people on the planet, even when we
[1:41] Speaker 3: could talk about greg Abel and warm Buffet in a
[1:44] Speaker 3: little they have billions of dollars of cash waiting for
[1:47] Speaker 3: the right time to buy. No, I know the axiom
[1:51] Speaker 3: of selling May and go away. This is a great
[1:54] Speaker 3: accumulation time. So shit, the market took down in May, yes,
[2:00] Speaker 3: but we just left one of the greatest months in
[2:03] Speaker 3: the history of investing.
[2:04] Speaker 2: Like this, this past.
[2:05] Speaker 3: Month was comparable. If everybody's like, yo, we missed twenty twenty.
[2:09] Speaker 3: Last month was your version.
[2:11] Speaker 2: Of twenty twenty.
[2:12] Speaker 3: And for those of you who took advantage of it,
[2:17] Speaker 3: like even for the screenshot, four hundred thousand of that
[2:19] Speaker 3: one point six is riting up last month.
[2:22] Speaker 2: So no, all for the.
[2:23] Speaker 3: Long term, May, June August would be tough. That it's
[2:28] Speaker 3: time to accumulate whole for the long term.
[2:32] Speaker 2: Yeah, I think I don't sell here.
[2:35] Speaker 4: I think if if you look at the story, and
[2:37] Speaker 4: maybe that may sound confusing, like, well, what's the story? Well,
[2:41] Speaker 4: when I say the story, has the AI story changed?
[2:44] Speaker 4: And again it has? Well, how do we know? We
[2:47] Speaker 4: saw the biggest companies in the world report last week
[2:51] Speaker 4: and there's a couple of things you got to listen for.
[2:54] Speaker 4: Has the cap X spend going down? No, that means
[2:59] Speaker 4: they're still about into the technology. That means they're spending it.
[3:02] Speaker 4: And if they're spending the money, that means they're spending
[3:05] Speaker 4: with companies.
[3:06] Speaker 2: Right.
[3:07] Speaker 4: I know it sounds like, oh, it's just bypassing. Hey,
[3:09] Speaker 4: they're going to spend seventy two billion, Well that's seventy
[3:12] Speaker 4: two billion is being allocated somewhere. That means there's companies
[3:15] Speaker 4: that are going to take in that revenue. That's why
[3:17] Speaker 4: I said the story hasn't changed. Right, So memory obviously
[3:19] Speaker 4: is at the forefront of that. And we'll talk about
[3:21] Speaker 4: some other infrastructure plays inside of the AI that you
[3:23] Speaker 4: should be having on your radar. But that hasn't changed.
[3:27] Speaker 4: Has the earnings from these huge megacap companies? Has that change?
[3:32] Speaker 4: Have they beat earnings quarter after the quarter? We keep
[3:35] Speaker 4: seeing the same thing learning, but they pull back because
[3:37] Speaker 4: of the cap back spend. Okay, that's the same theme. Well,
[3:40] Speaker 4: what about the consumer. Has consumer spending gone down? Well,
[3:44] Speaker 4: if you look at Visa's report last week, no, if
[3:47] Speaker 4: you talked to JP's report, not really. If you look
[3:51] Speaker 4: at TJ Max, if you look at Hilton and the hotels,
[3:54] Speaker 4: you're still seeing spending. And so that tells you that
[3:58] Speaker 4: I'll put them quotations. The resiliency is there.
[4:03] Speaker 2: Now. Something is happening in May. Obviously, we're gonna get
[4:06] Speaker 2: a new feed chair.
[4:06] Speaker 4: If you look historically, when a new feed chair steps
[4:08] Speaker 4: in to his seat or her seat hasn't happened, that
[4:13] Speaker 4: usually is a down inside the market that hasn't happened yet,
[4:17] Speaker 4: but it will at some point in May, and so
[4:19] Speaker 4: it will be a pullback, yeah, for sure. But I
[4:21] Speaker 4: think after that, and I heard time Lee saying it
[4:24] Speaker 4: as well, and video in video reports on the twentieth,
[4:29] Speaker 4: that'll be a key. And then let's see what that
[4:31] Speaker 4: momentum does going into June July has I mean, if
[4:36] Speaker 4: you look at historically, July has been a pretty good month.
[4:39] Speaker 4: August September is when we start saying, okay, let's make
[4:42] Speaker 4: sure we have reserves. We're going to start a seat
[4:45] Speaker 4: profit taking. We're gonna see some downturn. Those three months
[4:48] Speaker 4: are always in that space. August, September, October, and then
[4:53] Speaker 4: it's it's back to the cycle of November to April again.
[5:00] Speaker 2: I'm shot ahead. He says. Anything that's not true, you're
[5:05] Speaker 2: not going to no, no, no, no, no, no. No's pretty intelligent.
[5:07] Speaker 2: He's intelligent.
[5:09] Speaker 4: He's intelligent doing that now, someone we could argue some
[5:13] Speaker 4: of some of the takes are grand.
[5:16] Speaker 2: He does have grand takes.
[5:17] Speaker 4: But if you look at the past, definitely the past
[5:21] Speaker 4: five years, he's.
[5:22] Speaker 2: Been on point.
[5:23] Speaker 4: Man like him and Dan oves I know that, and
[5:24] Speaker 4: their Super Bowl.
[5:26] Speaker 2: I like Tom.
[5:27] Speaker 1: He says anything about crypto, bigcoin, He's been all over
[5:30] Speaker 1: the place.
[5:31] Speaker 2: He has been, right, he has a habit. He has
[5:33] Speaker 2: a higher crypto fund. Though.
[5:35] Speaker 1: Before that, all right, let's focus on crypto, because that's
[5:38] Speaker 1: what he's focused on. That's what he says a lot.
[5:39] Speaker 1: He talks a lot about crypto. He says, bigcoin gonna
[5:42] Speaker 1: be one hundred and eighty thousand by the end of
[5:44] Speaker 1: the year last year.
[5:46] Speaker 4: Okay, bigcoin, I may give you that, and the with
[5:49] Speaker 4: the estimation, can we be honest all of them make
[5:52] Speaker 4: those rounds and make those dumb ass proclamations because they're trying.
[5:55] Speaker 2: To raise funds market movies.
[5:58] Speaker 3: He did it sailor crypto Allectionedly, they're doing it to
[6:04] Speaker 3: drump up interest, to sell a narrative that isn't going
[6:07] Speaker 3: to come true and the time frame that they're talking about.
[6:09] Speaker 3: But being a permeable in tech is the right position
[6:12] Speaker 3: to be in that part.
[6:14] Speaker 4: Yeah, I would say that part because the tech piece
[6:17] Speaker 4: where he's seeing the S and P. A lot of
[6:19] Speaker 4: it I agree with, Yes, some of it is very
[6:20] Speaker 4: grand and that's been the continuous theme. It's almost like
[6:24] Speaker 4: I'm going to overshoot, so that even if it falls
[6:26] Speaker 4: a little bit under that, Hey.
[6:28] Speaker 2: I told you right, what don't you like about his
[6:31] Speaker 2: textra shot?
[6:33] Speaker 1: I like him.
[6:33] Speaker 2: I think he's extremely intelligent person.
[6:35] Speaker 1: But is it overshooting or you're just saying it's just
[6:38] Speaker 1: bitcoys going to be two hundred thousand by July and
[6:42] Speaker 1: it turns into it's ninety thousand.
[6:43] Speaker 2: Oh, I overshot it. That's that's that's gross. S and
[6:47] Speaker 2: P is going to be.
[6:47] Speaker 1: Ten out Like he's just saying just numbers, like but
[6:51] Speaker 1: the number they're not even close he's done this with
[6:53] Speaker 1: Crypto quite some time.
[6:54] Speaker 4: He's done he's done the numbers Encrypto specifically, because he's
[6:58] Speaker 4: been pretty spot on with s now.
[7:01] Speaker 2: His next his next thing is.
[7:02] Speaker 4: That after we go through some turmoil here in the
[7:05] Speaker 4: next few months, we're gonna go on the greatest run
[7:07] Speaker 4: that we've ever seen in human history. Like he literally
[7:09] Speaker 4: has said that, Well that happened.
[7:12] Speaker 2: That's overshoot too, that's overshoot.
[7:14] Speaker 4: Well, see, that's an overshoot. Yeah. I like Tom a
[7:20] Speaker 4: lot though.
[7:24] Speaker 1: I think he's intelligent. I think he's extremely intelligent person.
[7:27] Speaker 1: I just think, like I said, he just has very
[7:31] Speaker 1: out Yeah, he's just putting these numbers out there.
[7:35] Speaker 2: And to everybody.
[7:36] Speaker 3: I'm not shooting at anybody in particular, but to everybody
[7:38] Speaker 3: who had to dop eth in your Twitter bios and
[7:41] Speaker 3: I g a couple of years ago, what the fuck is.
[7:43] Speaker 2: Going on with the theory and where's the talent? Quiet?
[7:50] Speaker 2: Staying lowe mm hmmm, stand low. Just a question

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