Episode 975: Martin Shkreli： Software Stocks Are Going To Get DESTROYED BY AI In The Next Few Years

**Martin Shkreli** (0:00)
I'm sure Micron, but the strength in memory and semis is pretty good, and the weakness in software is going to continue. Like, I think software is so cooked, not actually in real life, in the market. The perception that software is cooked is going to overwhelm investors for the next like three or four years.

**SPEAKER_2** (0:20)
I think it might have some truth to it. Do you know who Caleb Hammer is?
He's this really great guy on YouTube.

**Martin Shkreli** (0:26)
I only follow Goats.

**SPEAKER_2** (0:27)
Go ahead. He's the GOAT of personal finance.

**Martin Shkreli** (0:31)
I'm the GOAT of personal finance. But please continue.

**SPEAKER_2** (0:34)
I'm not investing.

**Martin Shkreli** (0:35)
I'm the GOAT of anything related to the word finance.

**SPEAKER_2** (0:38)
Okay. I'm talking budgeting.
Okay.

**Martin Shkreli** (0:40)
I'm not to go to that.

**SPEAKER_2** (0:41)
Yeah. I'm talking you as an individual budgeting your household and saving money. I don't do that. I'm not a brokeie. I'm not a brokeie. You don't know anything about this. I'm not a brokeie.

**Martin Shkreli** (0:51)
I don't need to budget.

**SPEAKER_2** (0:51)
Once you get a couple of millions, this is not relevant. But for basic brokeies like me, he's very good at personal budgets, and he had an app that cost $15 a month, and I tried to use the app. I downloaded it, I did a trial, and then within five minutes, I knew.

**Martin Shkreli** (1:08)
Did you buy a code in it?

**SPEAKER_2** (1:09)
No. It did not meet my requirements, so I shit you not. I made my own in a day.
I haven't shown you this, but this is, I registered a domain.

**Martin Shkreli** (1:22)
Brokia?

**SPEAKER_2** (1:24)
Well, I registered a domain, and it's literally-

**Martin Shkreli** (1:28)
Interactive Brokies?

**SPEAKER_2** (1:29)
Well, it's my budget. It's like all of my spending. It's hooked up to my bank account, so I'm meeting my budget.

**Martin Shkreli** (1:35)
Yeah.

**SPEAKER_2** (1:35)
And then-

**Martin Shkreli** (1:36)
ChatUPD does this now.
What the- They let you hook up your bank account and shit. We could ask questions about it itself.

**SPEAKER_2** (1:42)
So the one connector that none of these had was Apple Card.

**Martin Shkreli** (1:46)
Oh, interesting.

**SPEAKER_2** (1:46)
So no, Apple will not let you pull out the transactions. So I coded a thing that like, here's a CSV, now reconcile my transactions. And basically, I made his app in two days. But for my specific- Okay.

**Martin Shkreli** (1:59)
But you're not going to make Palantir today.

**SPEAKER_2** (2:00)
No.

**Martin Shkreli** (2:00)
You're not going to make SAP in two days.

**SPEAKER_2** (2:02)
No.

**Martin Shkreli** (2:02)
You're probably not even going to make Photoshop in two days, right?
But do we know that as the software developers? And does the average growth investor, trader, or retail user, retail trader know that or care? It's basically like software is going zero, right? Like there's no reason to own any software.

**SPEAKER_2** (2:24)
I think personal software definitely is going to zero.

**Martin Shkreli** (2:27)
Yeah. And then enterprise, what do you think Palantir is doing? If I'm a Palantir engineer or FDE, you think I'm not using Claude?

**SPEAKER_2** (2:35)
I think Palantir is riding the wave. They're not going to get crushed by it.

**Martin Shkreli** (2:38)
Well, wait, how? Because if I'm Palantir, and I'm writing code, and I go meet JP Morgan, and JP Morgan says, how do you guys do your magic? Why are we paying you guys so many millions?
Using Claude to write that? You see, of course we use Claude to write that. So why the fuck do we need you?

**SPEAKER_2** (2:57)
Because we know Claude better than you, and we know when it's wrong, and you don't.

**Martin Shkreli** (3:04)
So we're not retarded? Is that the answer?

**SPEAKER_2** (3:06)
No, we know, like, I think, like, there's a cutoff here, whereas, like, there's engineers who know more than Claude.

**Martin Shkreli** (3:11)
There is, of course, but I think that you're kind of, like, if you have a plane of complexity, not a plane, maybe, but just a line of complexity, and there's some level where you need software, right?

**SPEAKER_2** (3:26)
Yeah.

**Martin Shkreli** (3:26)
And if you run a small business, Excel might be good enough. If you're in a really big business, you need SAP.
That plane of complexity, that bar starts to drop with this type of software. So companies like, big companies that use SAP, look, they're not going to, it's not that they're going to get off SAP. It's that other guys, maybe like you and me, could make an SAP competitor, whereas previously, it wouldn't be in our wildest dreams that we could make an SAP competitor. And then, like you said, every, so it's not just personal, it goes from, I might buy an app to I don't need to.