Full Livestream-ANSS Stock, Gaming, Investing Lesson (August 22, 2022)

okay so whenever i look at a publicly traded company i just go to their sec filings i think it's the first thing everybody should do some people look at a chart or something that doesn't make a lot of sense to me you actually kind of don't want to know the stock price necessarily [Music] and um go to the 10q where's these guys based um cannonsburg pennsylvania i don't even know where that is see if if you worked for me and you had all this in console.log you're fired it's the final countdown so have i fired so i've hired like i fired like over 100 200 people in my life maybe more [Music] all right so we can start with uh just mapping out what kind of business is this let's take a look it looks like half a billion in revenue per quarter so that is roughly 2 billion right of course all right so we got let's do license maintenance and revenue one is higher margin than the other i'll let you guess all right license 208 981 down year over year that's not good but if they're going to sort of software as a service that might be normal it's not cash judgment just yet but in general looks like revenue is not growing like a weed no it's not bad what's that like eight percent would you say six percent definitely not a weed leave my slack alone stop asking questions yeah well of course we're going to try to break down um we're going to try to break down revenue as much as we can all right let's look at cogs so cox's cost of goods sold um we're gonna not include amortization there and so gross margins around ninety percent okay we'll do some crypto at some point right now i'm focused on ansys a-n-s-s is the stock ticker a and s-y-s is the company all right so two operating costs they have sg a and r d [Music] real simple so sg a so salesforce and all that and management professional services r d is the guys that make the software uh that also goes in cogs by the way the actual people making the actual software that gets sold but r d is it's weird you know what counts as research and what counts as cost of goods is something a lot of software companies have to contend with i'll let the accountant sort that out margins what we care about right all right all this makes sense again not including amortization they have some interest payments let's factor those in they have this other line i'm probably going to exclude that line they have taxes 24094 and now you've net income which is around 100 million so what would you pay for a 100 million quarterly net income that's the question that's what 400 million a year right what would you pay for 400 million a year of cash flow would you pay 8 billion right that would be 20 times felix what's up man terry terry the greatest programmer who ever lived i'll use temple os it wasn't terry a little bit racist all right so company didn't grow last quarter really very much um we still have a lot more to do so just bear with me i'm going to try to fill out the balance sheet real quick all right cash are maybe i'll put this over over here you guys can't see it it'll go a little faster [Music] looks like a growth by acquisition given all this goodwill they have all right these are the assets of the company that goodwill is not tangible so really two billion in assets anybody everybody understand how goodwill works i hope good because i don't i'm just kidding i kind of understand it made an operating system from scratch [Music] so deferred revenue is very important does everybody know what deferred revenue is it's very important for software companies it's not so important for anybody else but deferred revenue is sort of the opposite of accounts receivable it's help me out here accounts receivable is sales you've booked but they haven't collected yet deferred revenue is sales you've made but you haven't booked yet well not sales you've made money you've collected but sales you haven't recognized yet so you deferred recognition of that revenue but you've received cash for it so you will book revenue in a future future time and for software that that's very common so you need to sort of um watch that line for software company all right is it normal for companies to have debt on their balance sheet yes it's not like personal debt which you'd never want companies get into debt positions strategically to acquire other companies to do whatever of course debt is a liability there's no doubt about that but you generally um shouldn't look at debt and say oh this company has debt doesn't make any sense you know it's uh companies that have a bigger strong balance sheet with no debt of course that's that's fine but even the strongest biggest companies will get into debt to do various things like buy other companies do a share buyback et cetera it all depends on your so-called cost of capital coc cost of capital yeah you can have large amounts of cash in case of a bad you know in case of a rainy day so to speak and that's not a bad thing but um it's not unusual for most of the s p 500 to actually have a debt net debt position buffett is smart in the sense that you know he wants to save for a rainy day but if you if you have um targets to acquire i don't think buffett would have a problem getting into uh net debt um i think he generally doesn't like it because of the kind of flexibility you forgo but i also think that if he had the deal of a century he would take it and you go into net debt even though he sort of said that he wouldn't i think he would what warren says and what warren does are two different things and he's sort of retired now anyway [Music] all right reported net income this is for six months so i'm going to do 169 788 minus this in fact i'm going to wait for this you know i'm going to go to q1 so let's go to the q1 10q and again you go on scc.gov to go see this stuff and i've got this second 10-q open all right so growth here was a little better it looks like um yeah for 425 in revenue last quarter was 132 604 236 22 363 so what do you think that is like 15 17 nice so yeah the company if you blend those two right that's still pretty good growth at 10 10 12 right let's look at cost of goods so this is sort of a competitor to the startup i'm building called drug like drug like has bigger designs than just making simulation software for small molecules it also one day wants to make simulation software for everything if you can simulate it we're going to help you yeah biologics are just large molecules right it's harder to simulate but you can simulate different things with antibodies and things like that like i said if it's physical system i'm interested basic design is definitely the the you know dave the that's the the granddaddy right that's how cadence and all those companies are worth so much it's kind of remarkable how much they're worth all right these guys have some gap non-gaap adjustments but let's leave those alone for now quantum computers don't really exist yet frank how are you doing though uh one day quantum computers will exist um for now they're kind of very weak they don't compete with uh transistor based computers but i'm watching the quantum computing space pretty closely i have some friends in that space it definitely is one day gonna do different things and for simulation especially it's gonna be quite important sometimes it's a good idea shorting drug stocks sometimes it doesn't depends on the stock like look at uh what's that company i know the ceo actually cassava that was pretty good short all right uh so in america almost all financial statements on school are um consolidated so there's not like other countries where you have a parent and then uh parent reporting and then subsidiary reporting and consolidated reporting in america you just have consolidated reporting so ansys this company here must have a hundred subsidy areas but they only report the consolidated numbers that's a feature of the american financials i know in other countries sometimes you'll get subsidiary accounting which doesn't make too much sense if you ask me but that's how other countries do it all right four three six three nine fifty one all right so we got a balance sheet that balances here we've got net cash all right so now we're gonna do the all-important cash flow statement zoetis is an interesting company i don't have too much strong of an opinion probably more expensive for my taste but the animal healthcare market is big and i'll just make a shout out to my cat trashy love you trashy i love you i love you very much all right enough of that if josh were here she'd jump on the keyboard and stop me from trying to work you say you don't need to work you just need to pet me but trashy so i see you moving your fingers just move them right here remove them right here right here too she gets jealous of the keyboard are you petting that keyboard so much i'm the cat here one day i'll have a dog too and the dog will feel the same way i'll tell the dog shut up that's what i used to tell trashy she used to start meowing and meowing and mounting and say shout out kitty all right there's the cash flow from operations much higher than end income which is interesting depreciation of intangible assets or memorization i'll just say dna lease deferred taxes bad debt stock based comp other working capital all right i should probably do the rest of the cash flow statement acquisitions yeah cadence is a big one man and then uh don't forget about uh their competitor synopsis and then of course hexagon and um there's others you know the ic design space simulation space is so big it's like shocking you know but it doesn't in some ways it doesn't shock me because if you go back to von neumann and univac and edevac and all that stuff um like the man even manchester like the first use cases for computers were what simulations now we've the world's changed quite a bit but um people scientists still need you know we still need the stuff for simulations he knows neumann yes von neumann he was my uncle um he was not my uncle uh nikola tesla might have been my uncle but that's about it yeah so is is uh alibaba not getting de-listed something is that what's happening it would be good uh we can beef with whoever you want me to beef is the screen black i hope not of course i play roblox who doesn't play ball box all right buy backs um restricted stock withholding taxes that's usually um related to proceedings of esop [Music] all right interesting these guys don't do much cash management on the balance sheet i kind of like that to be honest this company is doing all these complex treasury operations all right now we have fx and then we should add all these up and you'll get something called kind of change in cash so this is 10 million so these they swept kind of all the cash flow into buybacks if you add up these three numbers cash flow from operations cash flow from investing and cash flow from financing you kind of get a um you get a sense for what um where the cash is going so they made money in their business but they spend it um buying back their stock and that's why the cash didn't go up from last quarter now we don't have that here and here you'll actually see the cash went down even though they made cash flow from operations i am going to be on the adam friedland podcast thank you so much for mentioning that um i've been in touch with them um i hope you guys are fans of that podcast i don't know what that well but i've been recommended to go on it and i will be joining it so thank you for for mentioning it john von neumann was probably one of the smartest people who ever lived um at least everyone seems to think so i don't think any programming language can be learned in a day i think you can learn and look at all the keywords in that language the restricted words um the restricted identifiers even and if you study computer programming languages carefully which i'd recommend this book for what it's worth what is it so called wizard book sometimes it's and it's free actually if you want to just go here you really want to study computer programming this is what i would do structure and interpretation of computer programs what are you doing to me adobe um you can get the paperback edition but it's free on mit's website and this has been the same introduction of programming book in for mit for many years python there's a free python book as well one positive dude good question so each filing has a quarter so to put them together you have to sort of make a sheet and this is what professional investors do it's called modeling financial modeling um this is what hedge funds private equity funds mutual funds any professional investor tends to do to study how the financials move over time kind of longitudinally um so anyway and the sec filings don't make it easy like for example the cash flow statement is always in these presented in this very weird way which makes you disaggregate the court quarterly which is a real pain thankfully over time you kind of get used to it but all right okay and so you can see cash flow from operations for q2 was positive 119 million so over these two quarters the company made 330. so if i take 330 let's see that's that's over one-half so i multiply by two and i would say i'd multiply by thirty percent since they're growing revenue by ten percent and probably all that drip drops to the bottom line let me do that and multiply that all by say 30 times earnings i get 25 billion valuation let's keep that number in mind as we look at what the stock price is as a matter of fact let's look what the stock price is now let's go to and says stock to 63.27 263 27 and we multiply that by the amount of shares so the price per share times all the shares gives you the value of the company and look at that it's 23 billion almost exactly the same price that i predicted so it's good to cover up the stock price and see well based on your own estimate what would you pay i would pay 26 billion that's trading at 23 billion that doesn't make it a bargain now i've only been working on this for 15 minutes so that doesn't give me a final answer but it's an interesting um back to the envelope right oh we can we can do programming my dude we can do programming we can do react later i got what you need come to shkreli for all your needs all right so let's see acquisitions looks like they bought a company in this quarter really big 247 million wonder who they bought maybe they'll buy me out someday or maybe i'll write them out it's a really good um shortcut is ctrl r you can see it as i'm right in here if i press ctrl r it'll copy the formula from this cell into the empty cell so ctrl r boom equal sum of the three cells above me let me show you one more time ctrl r and now that's copied right there so i can go here and control r so when these numbers are set they're they'll the formulas will be set same thing here same thing here really fast um fast uh system poor ape ape's gonna have additional information that's a different kind of halt news pending huh news pending help please not short yeah so control c takes more time so if you did control c you can do control c you do control c then control v and control v it's extra keystrokes you just do control r it's faster saves you a couple of keys it's not a big deal but all right buy back minus 155 571. notice this they didn't do any buybacks in that quarter because they presumably they're buying the the company the company they bought whatever that acquisition was minus one two ninety what was this okay that makes sense everything adds up minus 21039 and again press ctrl r so did this all add up why did the change in cash if you take these three numbers not equal our kind of let's see what our changing change in net cash this is our own homebrew formula our change in net cash was should it should be roughly they should they should be similar so yeah they were pretty similar the the cashflow statement had cash go down by 147 million again mostly due to the acquisition our change in net cash was minus 40. so what what counts for that seven million in difference well a lot of little things could account for it so it's not that important um but if they were massively different that'd be interesting right okay so we now should look at q4 the problem with q4 is the 10k has a lot of like it's it's really not as as same as the 10q in fact at this point i think we should probably go to their investor relations website and actually start looking at how they look how they report earnings so i just i just googled ansys investor relations i'm just going to go here and every big company and every small company has kind of like a investor relations section and here's the quarterly results let's see if we can find q forest results so there's a quarterly accordion whatever that is um so here's 2021 q4 press release i like how they laid this all out uh maybe we listen to this webcast while we rock and roll this is such a pain ladies and gentlemen thank you for standing by and welcome to the answer all right let's take a look at conference call the q4 today are aj go call president and chief executive officer nicole cena chief financial officer and kelsey de bryant vice president of investor relations all participants should be enlisted out in those should you need a system please signal a conference specialist by pressing the star key followed by xero after today's presentation there will be an opportunity to ask questions to ask the question you may shrink this a little bit to withdraw your questions please this event is being recorded at this time i would like to turn the conference over to mr bryan for opening remarks please go ahead good morning everyone our earnings release the related prepared remarks document and the link to our second quarter 2022 form 10q have all been posted on the home page of our investor relations website they contain the key financial information i love it when you have gap and non-gaap revenue that are different to me that's crazy quarter financial results and business updates as well as our two three and updated fiscal year in albania outlook underlying quantitative and qualification assumptions today's presentation contains forward-looking information important factors that may affect our future results are discussed in our public filings forward-looking statements are based upon our view of the business as of today and ansys undertakes no obligation no obligation update any such information during this call we will be referring to non-gaap financials unless otherwise stated a discussion of the various items that are excluded and reconciliations of gap to the comparable non-gaap financial measures are included in our earnings release materials i would now like to turn the call over to our president and ceo aj gopal for his opening remarks ajay good morning everyone and thank you for joining us q2 was yet another excellent quarter for answers where we once again beat across our key metrics including revenue acv operating margin and earnings per share that coupled with our healthy pipeline gives us further confidence in the business and has enabled us to raise our full year guidance on acd and revenue and content currency nicole will have the details in a few minutes our largest contract of the quarter was a three-year nearly 25 million dollar agreement with an international electronics brand this new contract includes answer solutions for semiconductors electronics fluids as well as a learning hub to make users more familiar and productive look at the big q4 seasonality solutions this customer expects to increase its products yield while decreasing verification time for signal and power integrity another multi-million dollar agreement in q2 enabled an international automotive oem to expand its usage to include answer solutions for enterprise level materials intelligence electromagnetic interference growth is a little autonomous driving this customer has already realized up to 5x improvements in aerodynamics and thermal engineering productivity a reduction of more than 40 in material properties acquisition costs and a 10 improvement in hydrogen storage for its fuel cells from a geographical perspective we've seen strong revenue growth from asia pacific digits and the americas came in as expected our 36 percent constant currency growth in revenue in asia pacific was thanks to several large contracts including one with maratha manufacturing a japanese company that specializes in electronic components with murata the multi-year agreement spans a multi-physics portfolio and provides the company with an important thermal aware system simulation flow for radio frequency modules this solution is expected to provide faster thermal sign-off by reducing the number of redesigns and by improving the ease of use of ansys products through a single interface from an industry perspective the high-tech and semiconductor aerospace and defense and automotive and ground transportation sectors were again our largest contributors we also saw continued strength in the energy space reflecting a mix of traditional and renewable use cases as well as in the industrial equipment sector where we recorded a number of multi-year agreements from companies around the world for example long-time customer wag a global leader in electrical engineering power and automation technology signed a multi-year contract in q2 to standardize on answer simulation this new agreement will help the brazilian company rethink its product development process by creating and implementing right gapped non-gas motors this agreement will drive the electrification adjustments we've made ourselves now i'd like to briefly mention a different kind of customer success story i would like to congratulate nasa and author grumman on the success of the james webb space telescope yeah we have all seen the stunning images that have come from this largest and most precise optical instrument ever developed and we are proud here at answers for the role that we played in its creation that's pretty cool naturally it was impossible to physically test the entire mission before launch and given the unforgiving environment of space the mission had to run as expected the first time any error would have cost billions of dollars in expenses with perhaps an even greater scientific want that is why the team developed the rocket the telescope and the entire mission in part using anti-simulation very cool with ansys engineers overcame a number of unique challenges including folding a structure the size of a tennis court into a rocket and then unfolding it and then understanding how perpetual solar radiation would affect its operations engineers use ansys mechanical to identify solutions to ensure the satellites connected segmented mirror would behave the same way a monolithic mirror would all optical solutions were used to design and test each step in the mirror alignment process from the initial segment search to the final phasing in addition mission planners used our digital mission engineering solutions to test variables that impact how the satellite is launched and to determine how to keep the satellite there the growth is pretty good so it looks pretty lumpy turning to our leadership and solutions for multi-physics simulation did you get what he said results are out of this world 2022 release two a comprehensive set of solutions and capabilities that cross physics engineering disciplines and industries included in this release are machine learning techniques in our core products which are automatically optimizing repetitive processes predicting workflows and enhancing user productivity we have also delivered artificial intelligence technology that enables customers to perform massive design optimization studies to arrive at an optimal design in a fraction of the time once required this release also provides new high-performance computing capabilities and custom workflows for industry-specific applications which will help more users address computationally complex problems by examining the impact of multiple physics at the same time this added functionality is extending our multiphysics leadership while enabling customers to make their next generation products a reality i am also excited that tsmc recently certified anthony's power integrity software for its industry-leading n4p and n3e process technology the certification for ansys redhawk sc and ansys totem enables next generation silicon designs for machine learning connectivity and high performance computing applications i'm also pleased to announce that ansys has joined the intel foundry services cloud alliance our electronics and semiconductor suite which includes ansys redhawk sc and hfss and ansys raptor x are available as part of the design flow that will help enable intel customers to enhance their productivity rounding out our partner updates samsung foundry has announced that it is using ansys's industry-leading multi-physics solutions to develop design on the most advanced ships nodes and process technologies using ansys samsung foundry will deliver a comprehensive design flow with greater capacity speed and integration capabilities for the company's most advanced semiconductor technology to boost high-speed connectivity while helping to reduce design error and risk on our last call i discussed the role that ansys solutions are playing in our customers sustainability initiative including for increase increasing fuel efficiency in driving electrification and in decreasing the rates of emissions we have recently created a cross-functional center of excellence composed of members of our development and consulting teams to advance sustainability initiatives for our customers and partners our subject matter experts are focused on how answer simulation can help accelerate the creation of new more efficient and lower impact products beginning at the design and development phase as part of our own sustainability endeavors ansys is committed to reducing our environmental footprint to that end we have announced that we have set a 15 reduction of scope 1 and scope 2 emissions by 2027. to hit that target we are implementing projects identified in energy audits including lighting enhancements and on-site renewable energy we recently submitted to the carbon disclosure project for the third year in a row and continue to enhance our task force on climate-related financial disclosures i am also excited to announce that fast company has recognized several ns employees with its world-changing ideas award for the ansys minerva template this template is built in our minerva solution for simulation process and data management and provides an fda-guided approval process for medical devices to speed potentially life-saving products all right patients more quickly we could take a break from ansys i'm also proud that ansys has been certified as a most loved workplace by the best practice i think they get a rough understanding of this minnesota answers because of a collaboration our corporate values and practices as well as the outcomes we drive and demonstrate why we are an employer of choice next week we'll have an opportunity to discuss ansys's longer term business and financial goals okay well let's see what's up tommy tommy pass i always want to learn hindi mark cuban not the smartest guy my opinion just like one of these intense dudes that's not just not that smart really intense but paul jake paul who claims he turned down 40 million dollars in sports betting endorsements it doesn't count if it's from steak to start better thinks he's the best person to bet on this company is himself he thinks the best reason to bet on the company is himself i fully believe i'll be the jay-z of this generation and this will be a billion dollar company my first billion dollar company this is what i love i'm a capricorn what i was built to work man this guy will be broke i'm a capricorn the come on jay paul you're a capricorn that's why you're gonna be a billionaire because you're a capricorn come on dog come on dog uh i'm not gonna play video games during working hours okay all right i actually have to do some legal thing i have to send some emails to some people i don't like for a legal case so just doing some busy work real quick i got a new xbox uh if you want to add me on xbox my name is martin shk so feel free to add me on there and i don't know i'm trying to play call of duty but it won't even let me log in that's very weird it's give me another minute while i finish some of this sorry for waiting do you want me to play roblox [Music] league of legends [Music] roblox roblox let's see if i got that windows store how do i play roblox do i use the epic games launcher is that look at this crap roblox roblox bull blocks whoa walks [Music] roblox [Music] sign up mama won't play roblox mama i want to play minecraft mom [Music] mama play well quack [Music] oh i definitely need to play the straight cat game tell me more about that trashy cat is my gonna be my username of course the username is taken okay cat 15 how about that [Music] [Music] gender only two only two options for gender this is a disgrace look at that male female that's it [Music] what's going on here short roblox this isn't woke [Music] username already taken trashycat15 oh my god trashycat2022 how many people play roblox [Music] wanna play roblox i want to play roblox welcome to bloxburg we're going to play world vlogs don't have permission to join this experience i wanna play whoa blocks the hood i wanna play roblox [Music] i wanna play roblox i want to play roblox oh untamed animals [Music] let's play [Music] i want to play and play roblox [Music] armor bro [Music] i want to play roblox [Music] hey let's go whoa we have animals into the wild first select the rescue animal well what are these animals that looks like a rabbit what is that a hyena no i want the rabbit wallaby gray wolf or hyena i don't get the wallaby robux what bug is this look at this bug trash programmer huh sir sir i'm stuck sir sorry appear to be stuck [Music] okay thank you for rendering me again sir [Music] oh wow cool a wolf hey [Music] what's up that's my pet [Music] okay so [Music] uh yeah so this game sucks gotta solve my roblox now [Music] out of here that [Music] we go short [Music] i think we got to go short i mean it's good games for kids i guess but i don't know [Music] roblox wall blocks roblox roblox hey i play roblox you play roblox amc man what a joke ape is gonna go to zero how do i play the stray cat game yeah play roblox all day get me sandwich mom and play my roblox i'm a roblox hustler me and my homies we play roblox [Music] so so buzzfeed is public man i totally forgot so [Music] i think i'm coming out with a book isn't that exciting but it's not going to be any normal book oh no it's going to be really unique [Music] never going to give you up never anybody else like that song i do all right so how can i entertain you my loyal followers and fans it doesn't make any sense because you neglect leverage i don't use multiples at all volume two two two two two there is a new secret twitter you'll be able to find it play chasse i do need to get my rating up on this one jess.com [Music] that's on that email email i gotta just focus and not be distracted by anything or anyone so never gonna give you up you've gotta run around [Music] is an american company delaware america america america did i say murica i am human why are you asking me if i'm human don't you know already this is so frustrating i have an account i'm logging in log in with you know i think i might have to log in with facebook oh my god enter your six digit code did you just log in from new york no login from new york all right let's play the feud should i play 10 minutes why not is that chinese right no turkey all right so let's see he plays that really um now knight comes here maybe okay any pressure i have to worry about i don't think so i can castle because this pawn was hanging because of the pin the bishop's pinned was pinned to the king now i'm good knight's going to come to d7 maybe c6 okay so i have two attackers on d5 and i have b7 being attacked c6 and i sort of throw away no how about well knight d7 and if he wants to take the poison pawn he can usually a bad idea right this is the poison pawn almost never a good idea to take rook comes to b8 he takes a7 i take here and i would say black is better even though pound pound down never gonna give you up never gonna run around hurt you okay uh now look at his position i don't know what he's doing i mean c4 could be coming but he's got to get this guy out of the way i should probably protect this i can probably get my queen out of this pin too which doesn't hurt not sure why he'd want to do that keeping up a strong bishop for pretty meaningless night of course that's just my two cents he's behind the development too c6 is probably too passive okay that's a little bit bizarre i can probably just target c2 here which she's going to have to defend i don't see what that knight can really do i now think i have a big advantage okay that's interesting doesn't that just lose them yeah that just loses outright loses right is lauren here hey learn love you miss you okay bye bye bye buddy i mean whatever it's all good all good in my hood oh lauren i want to introduce you to of all people childish gambino i don't know if you still like him i don't know ray well enough i i hear he's a good guy from people know who know him are you ready to know him oh okay sorry my friend is working with him so all right what do i do here let's not get distracted although if i'm going to get distracted lauren is the best possible distraction okay we'll make sure that we all hang out all right i'm up a a bishop for two pawns i guess or i'm up a bishop down a pawn i should say way to put it i know that i want to keep harassing this queen maybe it's just time to yes yes i'm a connoisseur of beautiful women i can't be stopped although i will get married someday i want to make sure i make my parents proud and all parents just want you know grandkids i don't think his queen's yeah his queen's got hey you're right although now you're giving me hints which isn't good i don't need hints i have to stop looking at chat and focus 100 of the game i'm not going to marry an albanian no probably not okay yeah he's basically trapped now right he'll be able to go here oh whoa mouse slip what the oh give me a take back oh you son of a gun now i play see i have to have that killer instinct you guys are distracting me you're stupid now i play with you now i play with your butt you'll see now i'm going to play with your butt this is what happened and look he still has not developed this rook what a scumbag yeah i used to go to chess tournaments and be like just mentally prepare and be like i'm going to win this tournament i'm going to go 4-0 i'm going to win nobody can beat me nobody here is any good i'm the best and like just like psychically manifested oh he's i don't even see a way for him to get out of this he's thinking he's like what do i do that's what happens that's what happens when you don't prioritize your king safety all right one does not simply quell the scroll i mouse slipped a free bishop and still won how about that how about that yeah i got a video of me playing chess in washington square park never gonna run around go ahead take all five minutes buddy not sure it's a good idea to get married for your parents yeah that's true that's why i might just pump out some babies this is matin 2. there's no way around it buddy mate in two best you can do is bishop takes b5 and just go yolo other idea no that's it you're for character you could try bishop to d3 that might save you as weird as that move is it might save you it's still not going to save the game but it'll save checkmate he did it the madman did it bishop d3 has been played uh this still is going to lose a rook right takes takes check yeah perhaps he doesn't have to take but i assume he is to take watch i do another mouse slip and throw my queen away see what are you doing stupid okay he didn't have to take well then i just got a free bishop which i think i'm okay with so take with rook or take with queen probably take with rook oh yeah no problem buddy wanted to back rank mate but i'm not at risk of that okay yes uh botez the botez sisters aren't they babes uh yeah i'll take that this is the easiest one ever you gotta resign buddy uh is this going to be zigzag this might be zookazoing these crazy german words all right thank you stupid piece of crap carol khan time i don't even know how to play this losing the queen so i don't want to lose that bishop but that's life uh i don't know that is good for him i don't kind of don't want these pawns so uh white is better extra pawn this pawns hanging palm mass in the center white is better for sure okay you lose you lose uh yeah are you stop mid now my friend you cannot stop yes you can stop like this but you still cannot stop check okay this 19 seconds what the how am i doing so check no this is matin too unless i do that i guess [Music] [Music] so oh this is you get three seconds back i up i didn't see that i thought i had 19 oh man these these you're lucky that's what i'll say you're lucky i didn't know it was three two time controls i thought i had five seconds left or whatever all right i've had enough of this pissed me off y'all piss me off never gonna run around and hurt so make sure you subscribe hey chaucey son thanks for subscribing man hurricane bob um yeah this ape thing didn't work out huh it's a shame can't really rig the stock markets it's kind of hard to hard to do twitter will only let me like follow one person at a time it's really weird they probably don't like my follow ratio or something so yeah i was up pretty late um i got some sleep early this morning though no biggie [Music] i wear size 10. i like turtles lauren showed me that a long time ago i like turtles so [Music] seeds in your seedless watermelon what's up far bud i am not a big fan of technical analysis whatever that means it's kind of a meme if you ask me [Music] so uh thanks chris that's what i think of myself as um how can i entertain you people it's almost market clothes i must entertain anthony fauci to step down as nation's top id official but he's not retiring maybe he'll work at gilead i'm still not using a hardware wallet but we are gonna get them set up um my holdings are in a hardware wallet but i'm not actually in possession of that wallet if that makes sense the rise and fall of homomorphic encryption sweet sweet how sweet fresh meat have i heard of illumina come on bro come on bro all right let's play straight game just for trashy what what's this this looks cool oh [Music] spooky demons no oh that's awesome josh he's excited already killer mice this is the greatest game of all time this is my bush yeah that's good mush moist it's on ps5 i gotta get it on steam i have to send out some emails dogs hold on i have to send an invitation i'm so bad at this compose formatting options attach files insert link insert files i've never done this on google insert photo insert signature more options i have no idea how to do this anybody know compose okay chat spaces meet new meeting no trashy video game would cost a lot of money i love trashy but i don't know that that's worth it how do i send a google calendar invite i go to google calendar maybe forebod leave me alone forbod not my friend are you packy farmbot i think you are trashy definitely needs sponsors i totally agree i was just talking to my dad about this trashy cat trashy cat where are you chest your cat dress your cat i love you josh hmm i don't like cigars yes i'm involved in many business ventures um amc and ape are really dumping they're really dumping right now ideal brand partner for a cat is definitely temptations if you get that temptations if you got that temptations uh [Laughter] endorsement your your money good sheldon is funny he says trashy's gonna slap the out of me probably she's gonna smack me right in the mouth i agree i have it coming to me i'm short amc my man i'm short he's going to slap me right in the mouth where you been how come how come you've not been around for years she's gonna say i don't even know who you are anymore i would never retire for any amount of money that's not what shkreli does uh bar stool i think i'm gonna do a bar stool podcast at some point oh i might take a nap since i was up all night i might just tough it out i don't know i don't even know i don't think the stock market's undervalued or overvalued i don't follow energy sorry never gonna run around oh you guys still here if my cat was here she'd start purring she'd start nudging me like hey go to sleep come on let's go to sleep come on no trashy we can't go to sleep should start curling up time to sleep all right so pretty good day up two percent rarely that good uh let's see where the account is at i always try to keep this on top but keep window on top there we go 20 52 000 so it's up around 2000 from where we started which was about a month ago not bad not great but um better than nothing are there chinese people in durham well are there asian people in jail and they generally are not interestingly a questive yeah there's still a massive discord sure and yeah you definitely want interactive brokers over robin hood you can short stocks without options you just short common stock there was an inventing anna yeah yeah ben ben's a man discord dot gg forward slash martin scrolling bill wang's definitely going to jail i feel bad for him so so you can give your verb your conclusion [Music] so so almond nuts is a good point i will collab with geohot why not uh i'm not too smart for lex lex has some really really great um guests i'm friends with lex on linkedin so anyway thanks for coming guys i'll probably should be streaming a little later i just want to get a little rest i've been out here for a little while i really appreciate you watching make sure you subscribe and follow me and do all that um it's great to be back i love each and every one of you even you haters i love you too thanks for coming i love you trashy most of all see you bye

Channel: Martin Shkreli

Views: 6,471

Keywords: Investing, Investing lesson, celebrity, funny, Martin shkreli, livestream. Authentic

Id: TddYlACk9yk

Length: 111min 33sec (6693 seconds)

Published: Mon Aug 22 2022