Episode 982: Martin Shkreli Sits Down With The Team： AI, Memory, SaaS, Palantir & Trading

**Martin Shkreli** (0:00)
I'm going to point the camera at Fat Cat, if that's okay.
All right, FC. What's up, man? How are you?

**SPEAKER_2** (0:09)
Dude, I'm up.

**Martin Shkreli** (0:10)
You're up? Why are you up?

**SPEAKER_2** (0:13)
Well, I went long and midi a short Sandisk.

**Martin Shkreli** (0:16)
Long and midi a short Sandisk, okay.

**SPEAKER_3** (0:18)
I'm cozy.

**SPEAKER_2** (0:20)
I'm giga cozy.

**Martin Shkreli** (0:22)
Sandisk is rallying a little bit, he shorted too.

**SPEAKER_2** (0:24)
I don't know if, well, I might get blown out if they put like crazy earnings up.

**Martin Shkreli** (0:30)
They are going to put crazy earnings up, to be clear.

**SPEAKER_4** (0:33)
What time do they announce it, though?

**Martin Shkreli** (0:36)
4.30, like usually, at least. 4.30-ish.

**SPEAKER_2** (0:41)
Yeah, I hit a new all-time high this morning.

**Martin Shkreli** (0:44)
New all-time high for your count?

**SPEAKER_2** (0:45)
Yeah.

**Martin Shkreli** (0:46)
Let's go. Let's go.

**SPEAKER_2** (0:49)
I've never beaten the Spy and the NavVac.

**Martin Shkreli** (0:54)
I played the air horn. I played the air horn.

**SPEAKER_2** (0:57)
Oh, you have the, like, streaming console now?

**SPEAKER_3** (1:00)
Yeah, I've got it for a while.

**Martin Shkreli** (1:01)
We can see the intern, great hair.

**SPEAKER_2** (1:05)
I'm getting hair-mogged by the intern.

**Martin Shkreli** (1:07)
Hair-mogged. There's also got 20 years on you.

**SPEAKER_2** (1:09)
That's true. That's true.

**SPEAKER_4** (1:12)
I'm losing my hair, so it's not going to last for too long.

**Martin Shkreli** (1:15)
Okay, Clav.
So you got... Do you have any advice for him? Since you kind of... You haven't been trading that long, yourself.

**SPEAKER_2** (1:26)
Nine months.

**Martin Shkreli** (1:26)
Yeah. So you have any advice for another?

**SPEAKER_3** (1:28)
Ouch.

**SPEAKER_4** (1:30)
Yeah, I need some advice.

**SPEAKER_2** (1:33)
How long have you been trading?

**SPEAKER_4** (1:36)
Maybe three hours of experience.

**SPEAKER_2** (1:39)
Okay. Let me tell you the worst mistake I ever made. And you'll probably make the same mistake. Revenge trading is really bad.
I was extremely bullish on Figma, because no matter who I talked to, they always showed me everything in Figma. I literally like...

**Martin Shkreli** (1:58)
That's his expertise. Yeah.

**SPEAKER_2** (2:00)
I used to consult and like I was consulting, you know.

**Martin Shkreli** (2:03)
You're Gucci, bro. Sandus will come back down. Okay.
Let's try to get an intel.

**SPEAKER_2** (2:09)
So I was 15% Figma.
And I was in at like 30 when it dipped. And then it went back up and I was like, oh my god, I'm up like, you know, 10%, 20%, whatever. And then it fucking crashed. It crashed hard.

**SPEAKER_4** (2:21)
What's Figma?

**SPEAKER_3** (2:22)
Figma is the...

**SPEAKER_2** (2:23)
We use it. It's like... It's Adobe Illustrator, but on your browser. And their mode is everything is in WASM. So you can't reverse compile the code because it's not JavaScript. So they write it in C++.
You can't reverse engineer it from the browser.

**Martin Shkreli** (2:38)
I don't know if I can call that a mode, but okay.

**SPEAKER_2** (2:39)
Well, you definitely can't reverse engineer it. And then Figma crashed to 25, and I doubled down.
And then it crashed more, and I said, there's no fucking way. And I went 40% fucking Figma.

**SPEAKER_4** (2:52)
40% of your whole portfolio?

**SPEAKER_2** (2:53)
40%.
I went 40% because I was like, there's no fucking way. There's no fucking way. And I lost. I put a stop loss, and I ended up losing the most amount of money I've ever lost.

**SPEAKER_4** (3:05)
Yeah. Something like that happened to me on Cicetree Crypto.
It was the first time Trump was announcing tariffs. And I remember Solano went down to 70s.

**SPEAKER_2** (3:18)
And what did you do?

**SPEAKER_4** (3:19)
Well, I opened a short.

**SPEAKER_2** (3:21)
What did you do?

**SPEAKER_4** (3:22)
I opened a short, like 90 It was going down. I was making a lot of money. I put maybe, again, like 50% of my portfolio. Then it was going down. It went down to 70 And then all these pages on Twitter were like, Trump has reversed the tariffs. They're gonna cancel it.
And then it went all the way up, and I got liquidated.

**SPEAKER_2** (3:44)
It was just some hyperliquid?

**SPEAKER_4** (3:45)
No, no. I was trading on Solano, shorting Solano.

**Martin Shkreli** (3:49)
But what platform?

**SPEAKER_4** (3:50)
Probably some dumb shit like Jupiter.
Okay. And that was a lie. It didn't reverse the tariffs. It still happened. So that's why I dropped back down again.

**SPEAKER_2** (4:03)
Oh, I remember that shit.

**SPEAKER_4** (4:04)
It went just right up, just enough to liquidate me, and then it went right back down.