So it’s been two weeks since our most recent YLYT Event and we’re still in a slight stage of recovery over here.
We’re not an “events company”, so to host 1,000 people on a Saturday morning isn’t really our bread and butter.
And behind the scenes this latest event was a bit more chaotic than most.
We had multiple key people out of the office, one new person left us entirely with no notice, the hall threw us some curveballs, some of the sponsors had flights cancelled, there was lost luggage, the A/V crew had a faulty “clicker” for the presentations that required emergency workarounds and delayed the start time, etc.
It’s all par for the course.
We expect curve balls and also expect to overcome each of them.
And one thing doesn’t change, the amount of people on the team that go above and beyond is incredible.
Here’s just one of many examples…
That picture above with two shadowy figures is Anthony Molinaro (driver’s seat) returning the “claw machine” to Tim Hong’s (hanging off the back) Card n’ Party store in Oakville.
Quick Aside: Tim has a Canada Post location in that store, if you’re close to QEW and Dorval in Oakville track his store down and go by to say hello!
That machine was the source of a lot of fun for the adults and the kids. Money was won, Bitcoin was won, t-shirts were won…good times.
Even though the event ended at 2pm, Anthony and Tim were still going at 7pm that night sorting through the aftermath.
Enough with the past, let’s talk about the future.
Here are the big trends we are planning to ride to live life on our terms over the next several years:
1. Debasement. Massive debasement.
Many didn’t believe interest rates were coming down much this year and now there’s talk of two half point cuts by the Bank of Canada in the next 2 months.
In September alone, there were 21 central bank policy cuts globally.
The money printer is warming back up and your income is about to get debased, yet again.
2. Energy abundance for everyone.
Sounds insane. But with A.I. (Artificial Intelligence) comes big tech buying and building nuclear plants. Long distance phone calls used to cost a fortune. Tech dropped the price to almost zero. Will they do the same with energy? Yes, we think so.
It will take some time, no doubt, but you can extrapolate the path.
3. Computing Power & Artificial Intelligence
I grew up in the emergence of Information Technologies in the late 1990s. It was wild. Entire industries were upended with almost free information suddenly everywhere.
Post office buildings in major cities were once massive hubs of activity. Today, they’re tourist attractions. Heck, I used to get stock market options information via a newspaper from New York delivered to me “next day”. Imagine, I was using day old data to trade! This was in 2001!!
What comes over the next few years will catch many by surprise.
More industries will be upended than during the initial phase of this. We’re approaching something brand new.
I mean have you tried the new ChatGPT with voice? Insane.
We basically have a professor of every topic in the world immediately available to us. It’s wild. I’m blown away by it.
The economic distortions ahead will be unprecedented. Few are ready.
Here’s how we are planning to ride this over the next few years:
Buy assets.
Single family income properties are still the unicorn. They benefit from debasement and shelter is a need, not a want. Population in this area of the world is continuing to absolutely explode. The structural mismatch between supply and demand is not going away anytime soon in our option.
Bitcoin. Our favourite way to play the technology, energy and debasement trends all wrapped up in the most beautiful, finite, digital money we have ever seen.
Quick Aside: We love the team at Bull Bitcoin and you can use RockStarBTC.ca to access their site and get $20 in free Bitcoin when you sign up with them.
These are just our opinions, of course. Do your own homework please.
But we can tell you we’re acting with urgency right now. You may want to do the same.
And yes, don’t worry, the claw machine will be back at the next event!! How can’t we have it? It was a blast!!
Tom & Nick
