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The GameStop Guy Has Returned… (And Has A New $210M Bet)

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The GameStop Guy Has Returned… (And Has A New $210M Bet)

Roaring Kitty's $200M GameStop holding (00:00:00)

  • Keith Gill, also known as Deep [ __ ] Value and Roaring Kitty, gained attention in 2020 for his successful investment in GameStop, initially investing around $56,000 and making a significant profit of approximately $30 million during the subsequent stock surge.
  • After maintaining silence for about 18 months to two years, Gill recently returned to social media with cryptic posts, including a meme known as the "gamer lean," which sparked renewed interest in GameStop.
  • Despite Robinhood and others halting the stock's trading due to its rapid rise, GameStop's stock has tripled in value in the past month.
  • Gill has been buying $2 million worth of GameStop call options daily for the past three weeks, resulting in a new $210 million bet on GameStop.
  • The hedge funds that were shorting GameStop are now facing massive losses due to the short squeeze caused by Gill and other Redditors.
  • Robinhood, a popular trading platform, is accused of colluding with hedge funds to halt buying of GameStop stock while allowing selling, which benefited the hedge funds. Gill believes that Robin Hood's actions were unethical and has since withdrawn his money from the platform.

Is Keith Gill the most genius creator behind a brand? (00:08:41)

  • Keith Gill, also known as Roaring Kitty, has created a billion-dollar company by monetizing his audience through his unique approach to investing.
  • Unlike other influencers who sell physical products, Gill focuses on picking stocks and analyzing them, leading to increased interest and potential profits for his followers.
  • Gill's approach is not explicitly manipulative or pump-and-dump, and he seems genuinely interested in the companies he promotes.
  • Gill's actions have come under scrutiny, with speculation that they may eventually become illegal due to undisclosed activities.
  • One of Gill's tweets about GameStop led to an 80% increase in the stock's value, highlighting his significant influence.
  • Gill's recent tweets suggest he is aware of the attention and controversy surrounding him.
  • Gill's friend Nikita pointed out that he made close to a billion dollars in 12 hours, showcasing the potential rewards of social media influence.
  • Gill's actions are comparable to those of established hedge fund managers who build personal brands to add value to their companies.
  • As of the recording, GameStop's stock is at $28, and if it reaches $70, Gill will become a billionaire.

Where did the $65M come from? (00:14:53)

  • Keith Gill, also known as Roaring Kitty, purchased an average of $2-2.5 million worth of options per day for the past 11 days.
  • Gill made a significant profit during the GameStop short squeeze and currently owns $5 million worth of GameStop shares.
  • There are theories suggesting that Gill sold most of his GameStop equity in late April/early May, bought calls, and then repurchased equity after selling the calls near the top.
  • This strategy allowed him to leverage his gains and repeat the process, accumulating a substantial amount of wealth.
  • Gill's current net worth is estimated to be around $210 million, potentially surpassing that of renowned stock trader Nancy Pelosi.
  • His remarkable success has garnered significant attention and praise on social media, with many users expressing admiration and humor.

The 7 Stages of GameStop FOMO (00:17:44)

  • The author went through 7 stages of FOMO during the first GameStop runup:
    • Ignored it.
    • Dismissive.
    • Jealous.
    • Chased FOMO and bought $100,000 worth of GameStop.
    • Confused.
    • Ignored it again.
  • The author is currently at the "ignoring" stage of the cycle.
  • The author predicts they will enter the "jealousy" stage soon.
  • The author plans to do nothing and advises others to do the same.
  • The author believes that making money from GameStop last time was not a good decision and that it was a waste of time and attention.
  • The author of the video is known as the "GameStop Guy" because he made a lot of money during the first GameStop short squeeze.
  • The author is now back with a new $210 million bet on GameStop.
  • The author believes that GameStop is still a good investment and that it is undervalued.
  • The author is confident that GameStop will eventually reach a market capitalization of $1 trillion.

Ryan Cohen's activist investments in GameStop, Bed Bath and Beyond (00:20:00)

  • Ryan Cohen, the founder of Chewy.com, is an activist investor who has made successful investments in companies like Apple and GameStop.
  • Cohen's investment strategy involves buying large stakes in companies and using his influence to improve their performance.
  • Keith Gill, known as Roaring Kitty, is a popular GameStop investor who has been absent from social media for the past few years.
  • Wander is a company that offers luxurious properties designed for remote workers and high-end travelers, featuring amenities like gyms, workspaces, and fast internet.
  • Wander's properties are meticulously designed and equipped with everything a remote worker needs, including standing desks, large monitors, and high-speed internet.
  • Wander has grown rapidly, reaching 200 locations in just 18 months.

Shaan's honest take on paternity leave (00:26:34)

  • The "GameStop Guy" speaker found paternity leave more challenging than working and shifted his focus to creative activities during this time.
  • He attended a stand-up show with his mom and saw a play about the Lehman Brothers, which inspired him to consider creating business-related entertainment content.
  • The Lehman Brothers play, "The Lehman Brothers Trilogy," tells the story of the investment bank's rise and fall, ending on the first day of the 2008 financial crisis.
  • The speaker wants to create business-related entertainment content in a more creative and fulfilling way, potentially beyond traditional formats like tweets, newsletters, podcasts, and YouTube.
  • Despite attending a sold-out play in San Francisco with many empty seats, the speaker feels intimidated by the prospect of creating something similar due to his lack of experience.
  • Inspired by a quote about learning, the speaker plans to approach the task by gradually gaining knowledge and expertise.

Painting the windows black (00:31:53)

  • Sylvester Stallone, despite facing rejection as an actor due to his unique voice and mannerisms, decided to write and star in his own movie, Rocky.
  • To force himself to write the screenplay, he locked himself in his house, painted the windows black to eliminate distractions, and worked tirelessly for three days until he completed the first draft.
  • Stallone faced challenges in getting Rocky made, as producers liked the script but wanted him to play a different role.
  • He refused and eventually sold the script for a significantly lower amount than initially offered, securing the lead role for himself.
  • After the success of Rocky, Stallone bought back the dog he had sold earlier due to financial difficulties.
  • He won an Oscar for his performance and gave an inspiring speech at the ceremony, reflecting on his journey from being a valet driver to achieving success in Hollywood.

Zach Pogrob's The Year of Obsession (00:35:42)

  • Zach Pogrob, also known as Zach Prod, is a large, muscular individual who has a passion for running.
  • Despite his appearance, he has managed to run a marathon in under three hours, which is an impressive feat for someone of his size.
  • Zach has a unique approach to life and fitness, which he calls "The Year of Obsession."
  • He tweets frequently about his desire to run and lift weights 24/7 and expresses his disappointment at having to sleep.
  • While some may find his tweets cringeworthy, they are also inspiring and demonstrate his dedication and passion.
  • Zach leads a running club in New York City every Monday at 7:00 a.m., where participants must wear black and follow specific rules.
  • Members of the running club and those who follow Zach's philosophy often use a black emoji next to their names to show their affiliation.
  • Zach encourages people to embrace their passions fully and make the necessary changes to their lives, such as painting their windows black, to achieve their goals.
  • He highlights the story of Sylvester Stallone as an example of someone who overcame obstacles to achieve success.

What's the deal with run clubs right now? (00:37:03)

  • The speaker noticed an increase in the popularity of run clubs and questions the reason behind it.
  • A TikTok video mentioned the sudden surge in running enthusiasts during the pandemic.
  • The speaker suggests that Nick Bare, a fitness influencer who promotes a hybrid athlete lifestyle combining weightlifting and running, may have contributed to the trend.
  • Run clubs have become popular among young men who lift weights and want to incorporate running into their fitness routine.
  • Run clubs offer a social aspect and are gaining popularity in various cities.
  • Nick Bare, known for his muscular physique, owns a supplement company called Be Nutrition.
  • He popularized the concept of the "hybrid athlete," someone who combines weightlifting and running.
  • Bare's approach challenges the stereotype of skinny runners and encourages weightlifting alongside running.
  • His large social media following on YouTube has helped spread the hybrid athlete concept.

Sexy faces and sexy paces (00:39:19)

  • The Raw Dog Run Club is a running club with a unique and fun branding strategy.
  • They host weekly runs in Austin, Texas, where participants dress up and have a great time.
  • The club has a strong community and a large following on social media platforms like Instagram and TikTok.
  • Influencers like Cody Co should consider creating similar national run clubs to deepen their connection with their audience and build a grassroots movement.
  • Getting people together in real life for real-life experiences can be a smart move for online creators to strengthen their relationship with their audience and create a sense of community.

Endurance event businesses (00:42:04)

  • Endurance event businesses can be very successful.
  • Some examples of successful endurance event businesses include:
    • Raw Dog: An Austin-based club that hosts endurance events rooted in bodybuilding.
    • The Height of Mount Everest: A company that organizes events where participants climb a tall hill or mountain multiple times to reach the height of Mount Everest.
    • Iron Man: A triathlon event that was acquired by a Chinese billionaire and has since expanded significantly.
    • Rock 'n' Roll Marathon: A marathon event in Nashville that features live bands playing every mile of the 26-mile course.
    • The Speed Project: An invite-only race that starts at the Santa Monica Pier and ends in Las Vegas, with participants required to run the entire distance and take any route they choose.

Opportunity: The suburban Iron Man (00:45:06)

  • The speaker is seeking help from capable individuals to organize running events that are more accessible and inclusive, similar to how pickleball simplified tennis.
  • These events should be shorter and more enjoyable, focusing on fun and community rather than marathons or Iron Man competitions.
  • Running events offer various benefits such as fitness, social interaction, dating opportunities, photo-sharing, and a sense of accomplishment.
  • A new event called "High Rocks" involves a series of five exercises in a row, with the winner being the first person to complete them all.
  • The Spartan Race, an Equinox version of CrossFit, is gaining popularity among former college athletes.
  • This obstacle race is completed within an hour to three hours, and participants are typically physically fit and stylishly dressed in all black.
  • The Spartan Race provides an outlet for former college athletes to continue training and potentially make money, catering to the growing demand for physical activity and social interaction, especially among remote workers.

Scott Harrison gives Shaan unsolicited feedback (00:51:19)

  • Scott Harrison, the founder of Charity Water, gave constructive feedback to a podcast host about his excessive use of the word "like."
  • The host appreciated the honest feedback and realized the importance of providing such criticism to others.
  • The speaker values constructive criticism and finds it helpful, especially from his friend Neville.
  • The speaker suggests collaborating with Neville on a charity event, similar to their successful past collaboration.
  • Charity Water, an innovative charity, provides clean water and wells to people in India, offering donors real-time updates and transparency about their donations' impact.

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