Memory Is a Bubble, Nvidia’s Blow-Out Quarter, SpaceX Is Coming With Jan Van Eck

Jan Van Eck (0:00)

Here's our annual tie.

Josh Brown (0:01)

I love it. Wait, what's the theme this year?

Jan Van Eck (0:02)

See if you can figure it out.

Michael Batnick (0:04)

It's gotta be Warsh, no?

Jan Van Eck (0:05)

No.

Michael Batnick (0:06)

Hamilton?

Jan Van Eck (0:07)

Hold on, hold on. Look at the eagle. What's CCL?

Michael Batnick (0:12)

Carnival Cruise lines?

SPEAKER_4 (0:17)

Carnival Cruise lines is a good one. Oh, I love pink!

Michael Batnick (0:20)

Jan, no, who is this?

Jan Van Eck (0:21)

What is CCL?

Michael Batnick (0:24)

Is that?

Jan Van Eck (0:25)

Dude, I'm walking out of here. You have it back up.

Is that, um, what's the C in Latin? What is the C state for?

Michael Batnick (0:33)

Cerebris.

Josh Brown (0:34)

250

Jan Van Eck (0:35)

Oh my God!

Michael Batnick (0:37)

Is that George Washington?

Josh Brown (0:38)

Cerebris?

Michael Batnick (0:39)

Cerebris.

Who's the other guy? Celebrex. Who is it? Is it Celebrex?

Jan Van Eck (0:45)

Three most important things in financial history.

Hamilton, the founding of the system. FDR, bailed out the banks.

Josh Brown (0:53)

Stablecoin.

Jan Van Eck (0:55)

First time that financial company can compete against banks.

Michael Batnick (1:00)

Is this Kissinger?

Who is it? It looks like him.

Jan Van Eck (1:04)

It's Hamilton, FDR and stablecoins.

Michael Batnick (1:07)

That's FDR.

Josh Brown (1:09)

I missed the stablecoin.

Michael Batnick (1:11)

That does not...

SPEAKER_4 (1:11)

Next to mine.

Michael Batnick (1:12)

Where?

SPEAKER_4 (1:13)

Over here, next to mine.

Josh Brown (1:14)

I thought that was like...

Jan Van Eck (1:16)

You know, it's USDC. That's a symbol. I couldn't put tether because of course tether is like...

Michael Batnick (1:22)

So thanks to Jan, I wear blazers now because Jan invited me to an event and he said... I said, yeah, right? Yeah, of course, I'd love to come. Thank you. And he goes... He emailed me back and goes, not to be a dick, but please don't wear...

Jan Van Eck (1:31)

Everyone else is wearing suits.

Michael Batnick (1:32)

Don't wear a t-shirt.

Jan Van Eck (1:33)

He wore a t-shirt and a blazer.

Michael Batnick (1:35)

I wore a t-shirt and a blazer.

Josh Brown (1:37)

Wait, Nick, put this on my desk. I'm going to wear that on TV.

Michael Batnick (1:41)

So the first time I met Josh was in 2011

I was in a dark place in my life. My mother was about to pass away. I had just gotten the last, like, quasi-legitimate job opportunity. I'm sitting down for game three in Madison Square Garden. Nick's here. We were down 2-0 because, you know, LeBron.

And as I sit down, I remember, it's like a flash-balled memory for me. Because as I sit down, like, my body, my soul left my body. I was, like, prepared to go home and, like...

Josh Brown (2:18)

Get the email at the game.

Michael Batnick (2:19)

Literally, as I'm sitting down from the CFO of a company.

Josh Brown (2:21)

You think you're gonna get this job?

Michael Batnick (2:23)

It was just, it was the last hope in the planet. And I was already unemployed for, like, a year. Like, I was such, it was such a rock bottom time in my life. So, it was game three, Mario Chalmers, who I would kiss him if I saw him for this. He hit a corner three, put the next down, like, 21 At the end of the third, I said, I'm leaving.

And my friend goes, where are you going? I said, I gotta go home. I was, like, not in the mood.

Josh Brown (2:47)

I can't enjoy a basketball game. So I was unemployed for a year.

Michael Batnick (2:51)

It was not great.

So that was the first time I left the playoff game early. And I met this guy that night. And if-

Josh Brown (3:00)

We met on the train platform back in-

Michael Batnick (3:02)

I had like 11.45. And literally, if Chalmers missed that shot, I probably would have stayed. All right, fast forward.

Josh Brown (3:08)

Now, what was I doing that night? Was I at St. Venus?

Michael Batnick (3:10)

You were drinking.

Josh Brown (3:11)

Well, definitely. But why was I getting off a train at 11.45 that night?

Michael Batnick (3:16)

It was a Friday night.

Jan Van Eck (3:17)

It was a different era. It was a different era. You were a young man.

Michael Batnick (3:20)

Hold on.

Josh Brown (3:20)

I was married, though. What was I doing?

Michael Batnick (3:23)

You were a young man.

Josh Brown (3:24)

I would never come home at quarter to 12 now.