She BEAT The S&P 500 By 41%?! artwork

She BEAT The S&P 500 By 41%?!

My First Million

February 28, 2024

Episode 556: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) try to outsmart ruthless investor, 83-year old Nancy Pelosi. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.
Speakers: Sam Parr, Shaan Puri
**Sam Parr** (0:00)
All right, you ready to do this?

**Shaan Puri** (0:02)
Yeah, hold on.
I'm just executing a stock trade right now. I am the wolf of Wall Street right now, Sam. I'm real live on this podcast, but I'm not here. I'm not here talking to you. I'm in Wall Street right now, on the stock market floor, shaking my money, saying, take my money, because I'm buying a stock.

**Sam Parr** (0:19)
I don't think the wolf of Wall Street used Robin Hood, but that's okay.

**Shaan Puri** (0:22)
Here's what we're gonna do.
If you wanna find out how to lose money like I do, you should stick around. First, I'm gonna tell you the sponsor of today's show, and then I'm gonna tell you about my latest money losing move.

**Sam Parr** (0:33)
All right, everyone, we have a quick ad for HubSpot, but I wanna let you know, I actually use HubSpot and I use their sales tool, which is what this ad is for. HubSpot sales platform, it makes it just easier to sell stuff, to do it faster, to look at your pipeline, to see what sales are gonna happen. Just prospect to cold outreach and get more customers faster and easier. Plus, it's easy to learn and free to start. So you guys can check it out, hubspot.com.
It's hubspot.com.
All right, so what is it? You've been on a stock kick. You're really on a stock kick.

**Shaan Puri** (1:15)
Which is just bad news for me. Anytime I get on a stock kick, bad things happen. I just don't realize it till three years later. So let me just show you these two charts. So take a look at this chart.
The first, it's about this stock called Palo Alto Networks.
I don't think you're following too much of Palo Alto Networks. Am I right in assuming that?

**Sam Parr** (1:33)
I'm not following right now, but I know it's one of the Silicon Valley OGs that's been around for a long time and yeah.

**Shaan Puri** (1:40)
Yeah, okay. That's pretty good. All right, so look at the stock. First, I know a bullshitter when I hear one and you don't know a shit about the stock.

**Sam Parr** (1:51)
I know whatever you can learn reading the Wikipedia. I've read it in the Wikipedia.

**Shaan Puri** (1:54)
Tell me this, what do they sell? What's the product? No, no, no, why are you looking at your screen? Look at me, look me in the eyes and tell me what they sell.

**Sam Parr** (2:00)
Networking and data solutions, I believe. So some type of something like they used to be like one of the OGs that had servers, didn't they?

**Shaan Puri** (2:07)
Dude, here's the reality. I don't know what they sell either. It doesn't matter what they sell. Look at this chart for a second. So this chart shows last five days, they have down 14%, 15% basically. That's pretty bad.
And actually it would be worse than that, except for there's this little uptake. So look at the second chart. This is today up 10%. You might ask yourself, did they just have like an earnings call?
Did they announce a new product? Did they announce a big AI breakthrough? What is causing the stock in the first two hours of trading today to be up 10%?
The answer is our girl, friend of the pod, Nancy Pelosi just made a trade. She just bought a million dollars of Palo Alto Networks of stock and immediately people start following her action and start buying this thing blind because they don't know what she knows, but they know that she knows something. Isn't that so funny that that's what's happening nowadays? I follow this account, I don't know if you follow, the Pelosi Tracker, and they're like, it says, breaking, the queen is back at it again. She just bought 1.25 million dollars of Palo Alto Networks calls.
And then it says, and then there's a sub in line, Palo Alto Networks is one of the leading cybersecurity companies in the nation. In case you need to know, but here's the reality, you don't need to know, you just need to know that Nancy Pelosi, who has one of the greatest stock trading track records of our time, just bought this. And she-

**Sam Parr** (3:27)
Are you actually buying this?

**Shaan Puri** (3:29)
No, I'm not buying the Palo Alto.

**Sam Parr** (3:30)
I was gonna say, we just did this amazing whole thing on Buffett a couple episodes ago, two months ago when Munger died, we did a whole episode on that. And I was gonna say, you did a great job of remembering what he said, which is like, invest blindly in things you don't understand, right?

39 more minutes of transcript below

Feed this to your agent

Try it now — copy, paste, done:

curl -H "x-api-key: pt_demo" \
  https://spoken.md/transcripts/1000651996090

Works with Claude, ChatGPT, Cursor, and any agent that makes HTTP calls.

From $0.10 per transcript. No subscription. Credits never expire.

Using your own key:

curl -H "x-api-key: YOUR_KEY" \
  https://spoken.md/transcripts/1000647386682