Anthony Pompliano on Bitcoin's Rally, Measuring AI Success & U.S. Debt Crisis

[music] Welcome to Market Overtime. [music] I'm Sam Bardis. Anthony Pompiano has built his career across investing, Bitcoin, entrepreneurship, and financial media. the founder and CEO of Professional Capital Management joins us to discuss the macro environment, the next stage of crypto adoption, and how technology is changing the way people invest. Anthony, thank you so much for joining me today. >> Absolutely. Thanks for having me. >> Look, I have to start with the story of the moment, and that is obviously the global bond sell-off that we're seeing. I mean, we're seeing rising yields from Asia to Europe, you know, levels we haven't seen since the 1990s. As for the drivers of all of this repricing, I mean obviously it's a confluence of factors. You've got oil, you've got inflation expectations, you've got rising concerns about corporate bond issuance and this fiscal spending. Is there any factor that you see as the biggest risk right now? Well, >> I think there's just one big theme, right? It's distortion of financial markets or free markets. And Stanley Duck Miller did a great job of calling this out in his recent op-ed where he said, "You got to let the bond market speak. It is a signal and it is telling you that something is breaking or is broken and as you see these bond yields continue to rise. Uh ultimately it puts pressure on people in Washington DC or governments around the world. Are you going to continue to print money and distort the market and destroy the purchasing power of these currencies or are you going to do the hard difficult thing and go to people and say we are not going to do that anymore and if we've made promises in the past we're going to have to address them. if we're going to continue to make promises in the future, we're either going to have to do it with a balanced budget or we're not going to be able to fulfill those promises either. And I think it's just very hard for politicians to do that. And so my guess is although that is the thing for them to do, the politicians won't do it. They'll keep printing money. Asset prices will keep growing and bond yields will keep sounding the alarm. >> Yeah. I mean, he's not the only person that says, "Let the market do their job." It's interesting that you raised that piece and I've got to ask you of all people, Anthony. I mean, just as a sidebar, what did you make of the fact that he admitted he wrote that with AI? >> I don't think that really matters at all. I mean, half of the op-eds that are written every single day are written by somebody other than whoever uh, you know, on the by line, right? Um, and so I I don't really put that much weight on that. I think the more interesting thing was at the time I called out, uh, I would put a very high probability on the fact that Stanley Ducker Miller did not publish that piece without talking to Scott Besson. And it wouldn't surprise me if Scott Besson told him to publish it because it makes Scott Besson's job easier inside the administration when he can point to someone external who is well respected, who's got great financial returns and says, "Well, my buddy Stanley Duck and Miller are saying, "You guys are spending too much money. Stop spending so much damn money." And so I think that that's probably much more likely is that they were kind of in cahoots with each other rather than uh you know, Duck is uh is trying to trick everyone with AI. >> Huh. Interesting. Look, some economists would argue that yields are elevated for the right reason and that is of course because of the resilience and the strength of the economy. I mean, I spoke to Joe Leava a couple of weeks back. Uh, you know, I know that Ed Yard Denny has been also saying this. Um, and it'll be time to worry when the 10-year rises rapidly in a short amount of time, but also when we start to reach levels of nom nominal GDP, which is at what 6.6% right now. I mean, when would it be time for you to have some concern, do you think? >> I've been concerned for a decade. I I don't need any of these metrics. Um, it's been pretty obvious to me that they're going to keep printing money. And I think that's why I've been, you know, so loudly talking about Bitcoin or or hard assets. And look, if you go and you look at a portfolio of, let's say, uh, the S&P 500 versus hard assets, let's say, Bitcoin, gold, and land as an example, a portfolio of Bitcoin, gold, and land is up something like 150 to 175% over the last 5 years. The S&P is up about 70%. So, it's very obvious that there is this inflationary pressure for hard assets to continue to do well when they continue printing money. And so, all of the metrics that you're talking about, I don't disagree with these folks. I think that they are metrics that are important that are sounding alarms that are kind of you know in the short term going to uh to raise concerns and frankly I think a lot of the academic or very intelligent people that's the stuff they look at. I don't have a brain big enough for uh that type of analysis. Instead I just look at it from a very large macro basis is is the government going to keep printing money? Yes. Then these assets are going to do really well. And I think that that's what you're seeing. Look at what gold investors they got mocked for a decade when gold kind of went sideways and then it exploded higher. Bitcoin obviously has done very well. I think you see real estate prices. Everyone's complaining about, you know, real estate prices are too high. Well, the people who are holding the real estate, they're not complaining. They're saying, "Well, actually, I've done very well." And so, I think that it all comes back to this idea of if you are trading, if you are trying to make short-term decisions, a lot of those metrics are important. You should pay attention to them. But on a macro basis, we have a massive problem. We got a $40 trillion national debt. Our interest expense is now over a trillion dollars and accelerating. And on top of that, we have made promises to people that we're going to pay them money that we do not have. And so, we have to figure out what we're going to do there. And for a decade or so, I've been yelling and screaming that the only thing that they can do is debase the currency. And so, you better protect yourself. >> What about if you run the economy hot to grow yourself out of the $4 trillion of debt as Besson has suggested? >> Well, if you think about kind of how the administration approached this, that wasn't their plan initially. Their initial plan was to cut expenses because we don't have a revenue problem. We have a spending problem. And the best way to address this problem would definitely be to cut expenses. The problem is we sent in, you know, the absolute single best cost cutter that we have in the human uh race and he was literally inside of buildings and politicians were showing up banging on the door demanding that he not cut cost. I mean, it was it was crazy. It was insane. And so we kind of gave it the best shot that we got and we were not able to cut cost. I think that there's a lot of people who point to the Doge effort and they're like, "Well, it wasn't successful." Okay. Well, if you're not going to be able to cut cost, which pretty much we learned in the first year of this administration, then the only other option you have is to try to run it hot. You got to try to grow it out. Now, it happens to be that we're very fortunate that we have AI, robotics, you know, some of these technologies that are coming to market right now, which give us a shot to be able to do that, but I don't think running it hot and growing yourself out of the hole is the ideal scenario. That's kind of a second option because the first option was pretty much stonewalled by a bunch of politicians who were yelling and screaming because they realize both Republicans and Democrats understand one key component of politics. And every single person who pays attention learns it when they're in high school or middle school. The key to winning a political race is to give things to people for free. So when you're in high school and you want to be the class president, you give out lollipops. You tell them that they're going to get free, you know, lunch or something. Well, guess what's happening in national and state politics now? People are just giving away free stuff. And so ultimately, the politicians are incentivized not to solve the problem. And so if you're sitting at the Treasury, the Fed, or one of these roles, your only option you have is to tell entrepreneurs, hey, we got to rely on you. You've got to solve this thing. And entrepreneurs are doing the best they can. But if you take the insanity of politicians and their spending versus the innovation of entrepreneurs, this is like a heavyweight fight. and we're going to see who ends up actually winning it. >> Are you concerned at all about the potential for another yen carry trade unwind in these markets? >> I think that there's a lot of um maybe risk that is hidden uh all throughout um financial markets, right? There's things around, you know, currency carry trades. There's things around uh financing. Obviously, people are worried about the capex uh investments that are being made. I think that there is an incredible amount of uh like a national crisis level amount of gambling going on in the United States of America and people are kind of ignoring that but um that is replacing a lot of investing that's going on especially in young people uh their financial life and so wherever you look you're always going to find risk the question is just what is the contagion risk associated with that and what I mean is it's one thing for a young person to go and say hey you know I've got x amount of dollars I'm going to take half of it and put in stock market and I'm going to try to go build a life of financial security there and the other half I'm going to go and do sports gambling. Well, there's not really a lot of contagion risk financially, right? If that person blows themsel up gambling, it's kind of contained to just them. But what we've seen in the past is whenever you get a lot of correlated leverage in a specific industry, you can then start to see that contagion take hold. And you know, private credit earlier this year, I think had some cracks in the armor and people were very worried about contagion risk. Now, that seems to have kind of quelled down a little bit, not been as bad as people thought it was going to be. But ultimately, I think that's really where you've got to pay attention is like what are the consensus trades that hedge funds or professional investors are all allocating capital to that if they prove not to be what people thought they were, then there could be a fallout that has that contagion risk. And right now, I think that probably the number one place people would point to is there's some currency stuff, but more importantly, it's around the AI. Thankfully, I think that the AI trade is drastically underestimated. I think that people quite do not yet understand how big this is going to be, how impactful it's going to be, how much revenue and profit it is going to drive. And the number one data point I show is that even though stock prices have been going up, PE ratios have been falling. And so, literally, companies are cheaper today than when they started the year. And so, if that's the case, then we're actually in a very healthy bull market. And I think that it's going to continue for the foreseeable future. >> You said you're most bullish on Bitcoin, gold, and land. Why those assets in this environment? >> I like holding assets that benefit from the stupidity of politicians. And those three assets are going to benefit significantly from politicians being stupid. Politicians are incentivized to keep printing money and giving away free stuff. And they're not going to stop doing that. No matter what anyone says, no matter what anyone does, politicians are going to keep doing it. They are quite literally spending other people's money. And so they want to spend as much of it as possible. Well, when they do that, they destroy the purchasing power of the US dollar. And you have to be an investor. Stocks will do well, real estate will do well, Bitcoin, gold, land will do well. All of this stuff is going to do well that's denominated in dollars. I just happen to think that Bitcoin, gold, and land is going to do better than the stock market. And we see that over the last 5 years and I think we're going to continue to see that in the foreseeable future. >> What about the most recent recovery? I mean, has that been the narrative and the thesis behind what we've seen as far as stabilization in Bitcoin, do you think? >> Well, for Bitcoin specifically, I mean, Bitcoin pretty much was uh forgotten. You know, it it was uh left for dead. But uh all of a sudden, Scott Besson came out, said he was going to double the purchases of longdated uh you know, products. And people kind of got like shaken awake and they oh my god I forgot the government was going to keep printing money. I forgot that this is going to be an insane ride. Uh maybe I need some Bitcoin. And so what you saw was kind of a combination of the words and the articulation of the strategy waking people back up, but also back in June, I think it was, I tweeted out and I said, you know, the rotation of AI profits back into Bitcoin is going to be glorious. And it was somewhat of a kind of play on Jason Calcanis' tweet a couple years ago where he said if you're in crypto pivot to AI, but that's how capital works is it basically just oscillates. It goes from industry to industry. And people have made a lot of money in AI. And I think a lot of that money is going to come back into things like Bitcoin. And when that happens, it will drive Bitcoin's price significantly higher. And we're starting to see the early days of that, I think. >> So, does Bitcoin need the Clarity Act then, if that's the case? Well, Bitcoin doesn't need uh the Clarity Act because Bitcoin's already got clarity. There's no question about Bitcoin. Bitcoin is not a security. Bitcoin has no regulatory concerns. Bitcoin is not going to get shut down by the US government. All of the concerns people previously had have already been solved. And so, the Clarity Act is not so much about Bitcoin. It's about a lot of the other aspects of the industry. And more importantly is I actually don't think the Clarity Act is so much about the individual assets themselves. Instead, what it is is the Clarity Act is trying to get clarity on who is going to be allowed to make money in the crypto market. And so, obviously, there's a big battle between, you know, who can offer rewards or interest on stable coins. There's a big battle between crypto companies and banks. There's all these kind of nuances, but all of that stuff is basically how extensive or elaborate is the regulatory capture going to be. And obviously, if you're a traditional player, you want to kind of pull the ladder up behind you. If you're a crypto company, you're going to say you're advocating for the individual crypto user. But at the end of the day, these are corporations that are all going after their own corporate interest. And that's fine. That's how capitalism should work. That's how the free market should work. But the Clarity Act has nothing to do with Bitcoin. It's got nothing to do with the individual assets. It's got everything to do with the players. And the players are trying to figure out who's allowed to play in the game and who isn't. And that's why they want clarity because literally their business depends on what the government says. And and I guess if you're looking to invest in Bitcoin, um you're looking for, I guess, some short-term correlation. I mean, I know this is fundamentally a low correlated asset, but we have seen it sort of moving in tandem with other things in the past. I mean, I've been looking at the correlation between Bitcoin and and yen more recently, which hit those 40-year lows. I mean, obviously, it has been closely tethered to tech stocks. Uh that kind of broke down. I mean, just when you thought you'd figured Bitcoin out, um it changes. I I'm just wondering what you would say right now is the most correlated to or you pay attention to uh the most when it comes to short-term signals in the market. >> Well, you know, I've been uh in the Bitcoin industry now for I don't know 10 12 years, and I would tell you that every time I think I've got Bitcoin figured out, I get quickly reminded I do not. So, uh you are not alone in that. Um I think that many of my friends who have been around even longer than I have uh feel the exact same way. And so, Bitcoin kind of does what Bitcoin does. Um, and you've got to be humble. You've got to really understand that it is very difficult to figure out this asset. It's a new thing that the entire world is trying to price. The entire world is trying to figure out how does it fit into the global financial system. And so studying the market is much more important than being arrogant enough to believe you can predict what is going to happen. Um, and Bitcoin will remind you of that whenever you think you've figured it out. Now, in terms of correlations, uh, Will Clemente recently pointed out that Bitcoin and gold are more correlated today than they've ever been in history. And so that again kind of feeds back into this narrative that if the government's going to print money, both of those assets are going to do really well. There's very high correlation. You're correct in that the has been high correlation between Bitcoin and tech stocks or Bitcoin and other currencies over time. The question is always just like how persistent is that correlation and and as you point out, you know, those things have broken down from time to time. And so I just tend to think that, you know, Bitcoin and gold are probably over the longest period of time the most correlated and then everything else is, you know, less and less correlated depending on the asset class. >> But what's changed, Anthony? Because at the start of the year, I mean, you had gold rallying and Bitcoin obviously getting pretty much cut in half coming into 2026. I mean, what has changed in say the last 6 months? >> I think there was different buyers, right? What you saw was uh a lot of the individual holders of Bitcoin were selling. They have been trained that this four-year cycle uh will lead to a decrease in price. And so what you saw was a peak in Bitcoin's price in October of last year and then all of a sudden the price turns over and you get individuals selling. That's not surprising when you look at that four-year cycle. Now, gold and Bitcoin were both doing very well leading up to that October time frame. And if you go and you look at, well, who was buying gold that wasn't buying Bitcoin? Because essentially if Bitcoin's going down and gold's going up, you need some net new buyer of gold that isn't touching Bitcoin. And I think the answer was central banks, right? If you look at China or other central banks around the world, they were buying a lot of gold and they were explicitly saying they were buying gold. And I don't see those large central banks today touching Bitcoin. Maybe they will in the future. Hopefully they will, but but as of right now, they have not yet come out and said that they actually hold Bitcoin. And so I think that's probably the biggest difference is you had a very large liquid buyer of gold that does not yet touch Bitcoin as an asset. >> Is there anything that would change your bullish view on Bitcoin? >> There's a lot of things that could change my bullish view, right? I think that if you look at um let's say for example the fundamentals of the actual asset itself if all of a sudden you saw a mass abandoning of uh mining hash rate and the security of Bitcoin came into question if there became some huge issue when it came to the actual ability for people to secure Bitcoin from a self-custody standpoint. I think that there's a very big question about, you know, well, if the US government all of a sudden decided they weren't going to print money anymore, then what is the role of Bitcoin in the global financial system, right? I mean, there's a lot of stuff that I'm constantly looking at. It's just that I think that these macro themes are not going to change and kind of things in motion stay in motion and that likely leads to Bitcoin being much higher in the coming years. >> I want to talk about AI u particularly because you have your own AI agent, Sylvia, which manages finance with artificial intelligence. Are you $60 billion in assets in less than 18 months? Is that correct? >> That is correct. Yeah. So, S Soia is a pretty interesting product. Um, really came out of personal necessity. I wanted to use AI or superhuman intelligence to manage my own personal finances. I was screenshotting a bunch of accounts and uploading them into, you know, various products and it was just a pain in the butt. And so, eventually we built a product. Sylvia, you come in, you attach your financial accounts. So, your bank account brokerage crypto credit cards. You can also upload private investments, real estate, cars, collectibles. And then you begin talking to Sylvia. And Sylvia is very, very good. Has expertise in personal finance. And so people ask questions like, "How do I get my tax rate down? Should I refinance my mortgage? You know, how do I pass my assets onto my children? Or maybe identify hidden risks in my portfolio?" And give me suggestions on how I can mitigate those risks. But those types of questions, if you were to ask Google or one of the generic AI products, they can't answer them because they don't have the context of your personal finances. And what Sylvia is very good at is it takes your context of your personal portfolio and your exact assets combined with the power of AI and it's able to give you a lot of these answers. And probably most importantly is we're now have been able to show people that Sylvia is actually superior to these generic AI products when it comes to important topics like tax, etc. And we think we'll continue to kind of dominate in these personal finance verticals. >> Okay, but what about the incumbents within wealth management and financial services and advisory? I mean, why can't they do it when they have the proprietary data or they have the customer loyalty? I mean, what makes your product better? >> Well, I think there's really two things, right? There's a lot of uh large financial institutions andor uh raas etc who've reached out to us and said hey we we actually think the future of our business is augmenting our human adviserss or professionals with artificial intelligence and their goal is to make those humans more productive and so take the financial advisor community the average advisor has about 100 110 clients well what if all of a sudden they could serve 250 or 300 people obviously the businesses would become more productive they'd become more profitable but more importantly is that advisor probably could better serve those customers or those clients as well. So, we've got a lot of interest there and we're kind of having those conversations seeing if it makes sense for us to do something or not. But also, I think that people forget it's not just about what do those businesses think. It's what does the end user want? And we have over 20,000 independent self-directed investors who are using the platform. And many of them tell us things like I tell Sylvia things I wouldn't tell my adviser, my accountant, my lawyer, my tax expert. I ask questions that they may judge me for or think are stupid or more importantly is I actually think the AI is smarter than any human including themselves and so why wouldn't I give the context to the smartest product I could find and then get answers that way and so I think that people want to make it this black and white like you know is technology going to automate away uh a certain job or certain occupation but instead it's you know both is going to happen if you're bad at your job and you're in some of these sectors your job is probably at risk but if you're good at your job and you embrace new technology, then you're actually going to be able to build a bigger business and serve more people and actually accomplish your mission faster. And so I think that's what's happening is it people want it to be black and white, but it's not. And this technology is going to come to the market whether we build it or somebody else. Our goal is to just build the most accurate, valuable, and powerful AI product for personal finance. And then we want to get it in as many people's hands as possible. And if that is going direct to investors, great. If that is partnering with people, that's great as well. We're, you know, kind of open to any and all avenues. Our mission is to help independent investors make money and using Sylvia has been a great way for us to do that. >> But if this bull market is now in its fourth year, has this AI technology, has this model been put to the ultimate test, would you argue? >> Well, we objectively know that the more people use Sylvia, the faster their net worth grows. So we basically went and looked at all the people using Sylvia and we categorized them in five different categories and people who regularly or heavily used Sylvia saw their net worth grow faster than people who did not use the product that much. And that was true not only based on different net worths, but it also was true based on different income levels as well. And the reason why that becomes important is because whether you're already wealthy or you're just starting out, the ability to use a product like this to grow your investments, grow your net worth, can really change your financial position. You know, one of the things that I always tell people is I think a lot of folks when they hear about AI personal finance products, they think people are using this to like day trade or something. That's not really what we see. What we see a lot of is frankly, you know, kind of a a quintessential user would be a father who's got a couple of children, is married, is working his tail off every single day, trying to build a better life for himself, his family, his children, and he's making money, but now he's trying to figure out what do I do with it? How do I protect it? How do I pay lower taxes? How do I get these assets into my kids' hands, you know, when I die? How do I actually build financial security for my family? And so when you look at it from that perspective, these are people who very much think of themselves as self-made. Nothing's been handed to them and they've had to go figure out everything in their life, whether it's a job, a business they own, or or you know, whatever. And so now they're saying, if there's a tool out there that can help me figure out how to manage my finances and do it in a lowcost powerful way, I'm interested. And so I think that whether it's a bull market, a bare market, there's always going to be demand for people like that who are saying, I'm trying to navigate it all. I'm trying to figure out how do I build financial security for my family and what we see on a daily basis is messages coming in from people who say this thing is helping me do that and it's pretty inspiring and and it gets us pumped up to keep working hard to improve the product. >> Interesting. And you also recently launched Pro Cap Insights. That's the first agentic research offering that's in finance. I'm just taking this from Phil Rosen, a good friend of the network here as well. The chief market strategist you have there who's saying you build, deploy, and oversee an army of AI agents which basically generate and publish the investment research reports. You analyze financial markets with speed and scale that far outpaces a traditional team. What are you doing exactly that a human cannot? And are you disrupting Wall Street? >> Well, if you think about humans can do all of this stuff, right? If you look at Sylvia, Sylvia is giving personalized insights. And you know, one of the key components on Sylvia that we really uh feel strongly about is that the investor is smart. We do not believe that we should tell people what to do. So instead, when you ask a question to Sylvia, we give you the pro and the con. If you say, "Hey, what do you think about this stock?" It's here's the bull argument. Here's the bare argument. Here's what it could mean for your portfolio. Here's the risks associated with that. You make the decisions. We do the exact same thing in the research. And so humans write great research. Many of my friends write great research on Wall Street, but also we believe that this agentic product that we've built can also produce great research as well. And so whenever agents are involved in creating content, one of the big things people worry about is does it have the wrong perspective. So again, we kind of mitigate that by presenting a bull and a bear case, a pro and con. Let the reader decide what they think about this information. But the second thing is accuracy. And I think that a lot of media companies, a lot of research firms, they're very worried about using artificial intelligence because they think it's inaccurate. It hallucinates. What we do is we actually have a fact-checking agent that before the report goes out, checks every single fact and then actually cites. So if you see a piece of data in one of the reports, we include the citation so you know exactly where it came from as well. And we're not perfect, but we think that again there's going to be human examples of whether it's in insights about your portfolio, research, etc. But there's also going to be agentic and what we want to do is we want to pioneer the agentic side and likely we'll end up partnering with the humans and so the end consumer will get humans plus technology and I think that'll be the best solution. >> So if you're partnering um obviously with the humans but you're using a lot of AI then Anthony I mean what would you say to a young person looking to get into finance today? I wish I would give almost anything in my life to go back to being 22 years old right now. [laughter] It would be incredible coming out of school and having [clears throat] all this technology. But not only the technology, I think people kind of don't for remember this, but when I was coming out of school, there wasn't a million podcasts. There wasn't Substacks, you know, Twitter was just kind of getting started, right? And so to have this access to information, to be able to reach out and get meetings with people, be able to do everything that you're able to with the internet, plus have superhuman intelligence at your fingertips. This is an incredible time. And I think what young people should know is I wake up every single day knowing that there's a 23-year-old somewhere in the world who is coming for me. And I've got to figure out how am I not going to let them win? How am I going to learn what the new technology is? How am I going to go figure out who the new people are? how am I going to go figure out what the new investment opportunities are? And that young person's got a massive advantage over me because they have time on their side. I got a lot of responsibilities. I've got a lot of things going on. And so I'm constantly trying to carve out time in my day to be able to go focus on what's new, what's coming, what's coming down the uh down the road. Young people, they have almost too much free time. And so if they can use it wisely and use this new technology and and use their young age to their advantage as well, then I think that they actually have a competitive advantage in the market. It just comes down to what has always been true in history. Are you actually a self-starter? Are you intellectually curious? And are you willing to work hard? If you can do those three things and use all this technology and all this opportunity, you're going to crush it. You are going to do an excellent job. And uh frankly, I'm I'm jealous. I wish I could go back and be 22 all over again. and uh you know use all this stuff >> wouldn't we all and for several reasons Anthony so then in that case give us a window into the pump's life I mean how are you using AI in your sort of everyday routine >> yeah I recently wrote this piece where I basically talked about I use AI in three buckets right I use it professionally I use it personally I use it financially on the professional side I've been using Grockbot um you know some key things there are I've got a chief of staff bot and then I've got a bunch of specialized bots so I've got you know a product designer I've got a a podcast researcher. We've got a growth analytics. We've got uh somebody that is a recruiter, etc. And what I do is every single day they hold a standup or an executive meeting. All the bots come together and they talk about what they did yesterday, what are they going to do today, what am I blocking them on, what do they need approvals for, etc. And then we essentially operate as if that is the brain of the company. And my job as a human is to feed context to that system. And so a great example is recently the recruiting bot went and found a bunch of candidates for an open role we have. I started reaching out to those candidates and setting up meetings and calls and then I would come back after each meeting or call and I would update the bot on hey this went well. I like this person for XYZ reason or this didn't go so well. Here's what I'm concerned about etc. And so I'm managing that entire process. But my job as the human is I'm kind of like the real life end uh kind of consumption point for the bot. I'm just acting and I am feeding it context. And what we found is it not only saves cost, but we're much more productive and frankly we have much better thinking or or decision- making because of this system. So that's on the professional side. You know, we're kind of uh going allin on the AI stuff there. On the financial side, I use Sylvia and and you know, I'm biased, right? We built the system, but we built it for me. And what I wanted was I just wanted to be able to use the AI product with the context of my personal finances. And that's obviously been, you know, very valuable to me. And then on the personal side, I've been using a product called Instinct AI. And it's frankly the most powerful personal assistant AI that I found so far. And you know when I signed up for instinct I I had given the example where I attached my calendar and it immediately without me telling it a single thing went and started to find conflicts uh that are on the schedule and then it started making suggestions as to how to move the schedule around and who to email and drafting the emails and it was just able to kind of think two and three steps ahead without me saying anything. And so look these products are going to continuously get better over time. But I do think that we are headed to a world where you are going to be able to use this technology to not only save yourself time, but you're actually going to get the productivity gains and you're going to get the efficiency gains that have been promised. And so as I use this stuff, what I start to realize is that if I can get value out of it and I'm able to figure this stuff out given the limited amount of time I have, again, young people, people who have a lot of time, they are going to get immense value. And it's not going to surprise me if all of a sudden we turn around and there's a bunch of 22, 23 year olds running around building really big businesses with very small teams and they have an army of bots that are at their fingertips. >> Anthony, it's been an absolute pleasure. Thank you so much for your time today. Really useful insights, fascinating conversation. Anthony Pompiano there, founder and CEO of Professional Capital Management. Thank you so much for joining us here on Schwab Network. Remember to watch new episodes of Market Overtime on your YouTube channel and watch market news 247 on schwarapnetwork.com. I'm Sam Bartis. Thank you so much for tuning in and joining us today. [music]