| five times more trust in business than | 4.88 | Jump to 66.32 |  |  | 
              
                
                  | government on a matter of competence 50 | 5.52 | Jump to 71.2 |  |  | 
              
                
                  | um so on the positive side um by five to | 6.241 | Jump to 115.439 |  |  | 
              
                
                  | one people say i want more business | 5.439 | Jump to 118.96 |  |  | 
              
                
                  | but at the same time for the first time | 4.8 | Jump to 127.28 |  |  | 
              
                
                  | 12-point drop | 3.441 | Jump to 136.319 |  |  | 
              
                
                  | first time we've ever seen republicans | 4.48 | Jump to 138.08 |  |  | 
              
                
                  | controversy and so these two | 4.4 | Jump to 198.08 |  |  | 
              
                
                  | stabilizer in the next year or two | 6.319 | Jump to 210.48 |  |  | 
              
                
                  | the government was 65 trusted the only | 4.56 | Jump to 234.08 |  |  | 
              
                
                  | in five years | 3.52 | Jump to 275.44 |  |  | 
              
                
                  | uh actually had over 40 percent belief | 4.56 | Jump to 282.56 |  |  | 
              
                
                  | that they would be better off in five | 4.72 | Jump to 285.44 |  |  | 
              
                
                  | years and similarly um 80 plus percent | 4.24 | Jump to 287.12 |  |  | 
              
                
                  | class 25 percent bottom 25 | 6.321 | Jump to 307.199 |  |  | 
              
                
                  | lowest 25 percent doesn't have access to | 4.399 | Jump to 318.24 |  |  | 
              
                
                  | a rocky year right and that's one of the | 4.4 | Jump to 394.639 |  |  | 
              
                
                  | be really since the summer of 2020 but | 4.319 | Jump to 404.72 |  |  | 
              
                
                  | likely you'll probably get two to three | 4.0 | Jump to 417.199 |  |  | 
              
                
                  | it 10 to 15 percent earnings growth and | 3.521 | Jump to 421.199 |  |  | 
              
                
                  | of course one of the rosier areas that | 4.72 | Jump to 430.16 |  |  | 
              
                
                  | standpoint obviously you want to fade 60 | 4.639 | Jump to 456.4 |  |  | 
              
                
                  | 40 in favor of alternatives whether it's | 4.4 | Jump to 458.56 |  |  | 
              
                
                  | and one at least on the margin fade tech | 4.481 | Jump to 477.039 |  |  | 
              
                
                  | of 2020 which is you know in many cases | 5.119 | Jump to 481.52 |  |  | 
              
                
                  | are down 30 40 50 already | 5.2 | Jump to 484.08 |  |  | 
              
                
                  | and that's one of the areas that we're | 3.601 | Jump to 511.599 |  |  | 
              
                
                  | economy that's one of the sectors that | 4.0 | Jump to 526.24 |  |  | 
              
                
                  | calls for a hundred dollars a barrel | 3.601 | Jump to 536.399 |  |  | 
              
                
                  | ore it's been going for six seven years | 3.44 | Jump to 560.72 |  |  | 
              
                
                  | no one's talking about 150 uh barrel oil | 4.0 | Jump to 573.76 |  |  | 
              
                
                  | 100 over the next three to six months | 4.32 | Jump to 577.76 | 
                      
                        
                      
                        DATE
                      
                      
                        the next three to six months
                      
                     |  | 
              
                
                  | growth that was one of the principal | 5.76 | Jump to 621.12 |  |  | 
              
                
                  | starting in 2020 and so as that slows | 4.56 | Jump to 626.88 |  |  | 
              
                
                  | or crypto for the next month three | 3.84 | Jump to 646.8 |  |  | 
              
                
                  | months or six months you should own it | 4.32 | Jump to 648.48 |  |  | 
              
                
                  | because it's one of the principal ways | 4.319 | Jump to 650.64 |  |  | 
              
                
                  | proficiency meaning over the next three | 5.041 | Jump to 654.959 |  |  | 
              
                
                  | five seven ten years do you continue to | 4.639 | Jump to 657.76 | 
                      
                        
                      
                        DATE
                      
                      
                        five seven ten years
                      
                     |  | 
              
                
                  | one percent exposure five percent i mean | 4.639 | Jump to 698.32 |  |  | 
              
                
                  | out numbers like one percent maybe it's | 4.08 | Jump to 729.68 |  |  | 
              
                
                  | 50 basis points if you have a higher | 4.081 | Jump to 731.519 |  |  | 
              
                
                  | five if you're a younger person you know | 4.479 | Jump to 735.6 |  |  | 
              
                
                  | and be down 20 to 30 percent | 4.4 | Jump to 743.6 |  |  | 
              
                
                  | the last 20 years plus starting with the | 3.839 | Jump to 763.44 |  |  | 
              
                
                  | you step back even further it's one of | 3.279 | Jump to 797.68 |  |  | 
              
                
                  | uh in 2024 or 2025. | 4.4 | Jump to 822.16 |  |  | 
              
                
                  | going out to 2025. troy we're going to | 3.6 | Jump to 830.32 |  |  | 
              
                
                  | zoom is hosting its first work | 3.28 | Jump to 845.76 |  |  | 
              
                
                  | be three work styles that we're going to | 2.719 | Jump to 908.8 |  |  | 
              
                
                  | the first and the largest population | 4.481 | Jump to 911.519 |  |  | 
              
                
                  | commutable distance to one of our | 2.799 | Jump to 928.48 |  |  | 
              
                
                  | last two years have moved beyond a | 4.48 | Jump to 941.68 |  |  | 
              
                
                  | and then the third and really smallest | 5.2 | Jump to 950.16 |  |  | 
              
                
                  | rooms one of those is smart gallery so | 4.0 | Jump to 1008.48 |  |  | 
              
                
                  | their faces and that's one of the | 3.601 | Jump to 1047.679 |  |  | 
              
                
                  | i think there's three things i think | 3.52 | Jump to 1101.039 |  |  | 
              
                
                  | first of all | 2.8 | Jump to 1103.28 |  |  | 
              
                
                  | 85 | 3.201 | Jump to 1104.559 |  |  | 
              
                
                  | 85 | 2.88 | Jump to 1109.12 |  |  | 
              
                
                  | only one percent of our zoom employees | 3.68 | Jump to 1126.48 |  |  | 
              
                
                  | two percent but that's based on the | 3.08 | Jump to 1131.76 |  |  | 
              
                
                  | three reasons people wanted to be in the | 4.0 | Jump to 1144.64 |  |  | 
              
                
                  | first of all | 3.681 | Jump to 1186.799 |  |  | 
              
                
                  | so we are doing a couple of things first | 5.199 | Jump to 1203.84 |  |  | 
              
                
                  | delighted to have this nfl star and five | 4.719 | Jump to 1289.84 |  |  | 
              
                
                  | pandemic for close to almost two years | 4.56 | Jump to 1322.96 |  |  | 
              
                
                  | hospitality space since i first got out | 3.199 | Jump to 1343.6 |  |  | 
              
                
                  | do is start first starting their | 2.88 | Jump to 1404.24 |  |  | 
              
                
                  | that is one big place that we uh we | 4.719 | Jump to 1426.96 |  |  | 
              
                
                  | probably coming to an end me being 35 | 4.319 | Jump to 1486.48 |  |  | 
              
                
                  | and one of your aspirational people that | 4.48 | Jump to 1495.6 |  |  | 
              
                
                  | it's all about being patient that's one | 3.201 | Jump to 1527.039 |  |  | 
              
                
                  | yeah the korean nfl is on average three | 4.0 | Jump to 1563.44 |  |  | 
              
                
                  | understood that and so that's one of the | 3.52 | Jump to 1567.44 |  |  | 
              
                
                  | instilled that education is one of the | 3.6 | Jump to 1577.76 |  |  | 
              
                
                  | a second super bowl ring mean to you | 4.319 | Jump to 1630.48 |  |  | 
              
                
                  | underdogs last year and we came in fifth | 4.4 | Jump to 1636.96 |  |  | 
              
                
                  | i think that's one of the things that | 2.721 | Jump to 1708.159 |  |  | 
              
                
                  | real quick that big games just in three | 3.681 | Jump to 1800.399 |  |  | 
              
                
                  | ready at three o'clock this is my former | 4.081 | Jump to 1843.039 |  |  | 
              
                
                  | 2014 | 4.32 | Jump to 1868.88 |  |  | 
              
                
                  | stock down you know over 20 percent | 4.561 | Jump to 1905.919 |  |  | 
              
                
                  | worth 700 or whatnot it's now only worth | 3.921 | Jump to 1914.799 |  |  | 
              
                
                  | 400 and | 3.041 | Jump to 1917.279 |  |  | 
              
                
                  | with 220 odd million subscribers that | 3.921 | Jump to 1927.679 |  |  | 
              
                
                  | or that 250 million is the ceiling | 5.439 | Jump to 1931.6 |  |  | 
              
                
                  | broadband is in you know 100 you know | 3.76 | Jump to 1934.399 |  |  | 
              
                
                  | six seven 800 million homes with high | 3.441 | Jump to 1938.159 |  |  | 
              
                
                  | in the last quarter they added 8.3 | 3.28 | Jump to 1946.96 |  |  | 
              
                
                  | million subscribers and they're telling | 3.28 | Jump to 1948.96 |  |  | 
              
                
                  | to add another two and a half this | 4.0 | Jump to 1954.48 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        another two and a half
                      
                     |  | 
              
                
                  | added you know essentially 11 million | 3.28 | Jump to 1958.48 |  |  | 
              
                
                  | course of the next 11 months that's | 4.32 | Jump to 2012.32 |  |  | 
              
                
                  | no one's giving them credit for that | 3.12 | Jump to 2019.2 |  |  | 
              
                
                  | towel trying to extrapolate out of one | 4.56 | Jump to 2022.32 |  |  | 
              
                
                  | and going they have 33 million subs in | 4.96 | Jump to 2028.64 |  |  | 
              
                
                  | can be 300 million over time | 4.319 | Jump to 2033.6 |  |  | 
              
                
                  | rich is one of the reads off of this | 3.039 | Jump to 2044.48 |  |  | 
              
                
                  | wars ceiling of like 220 or 250 million | 5.92 | Jump to 2113.04 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        220 or 250 million
                      
                     |  | 
              
                
                  | um to sort of pick up on one small thing | 4.319 | Jump to 2153.28 |  |  | 
              
                
                  | enormous market that's a different one | 4.08 | Jump to 2170.88 |  |  | 
              
                
                  | take two and zynga right there is | 5.52 | Jump to 2181.92 |  |  | 
              
                
                  | looking at okay we have a base of 220 | 4.159 | Jump to 2227.68 |  |  | 
              
                
                  | million subscribers | 4.08 | Jump to 2230.16 |  |  | 
              
                
                  | they're able to drive price up 11 in the | 5.12 | Jump to 2240.4 |  |  | 
              
                
                  | no one else is there i think it's a | 3.679 | Jump to 2280.16 |  |  | 
              
                
                  | the first for their video game strategy | 5.441 | Jump to 2330.079 |  |  | 
              
                
                  | when you're spending 18 when you're | 4.08 | Jump to 2378.88 |  |  | 
              
                
                  | spending 18 billion dollars on content | 4.879 | Jump to 2380.48 |  |  | 
              
                
                  | to put you know five percent of that | 4.96 | Jump to 2382.96 |  |  | 
              
                
                  | office was still you know down almost 30 | 5.52 | Jump to 2436.24 |  |  | 
              
                
                  | office is down over 50 | 7.52 | Jump to 2446.24 |  |  | 
              
                
                  | from 2020 from 2019 2018 uh the the | 6.8 | Jump to 2448.64 |  |  | 
              
                
                  | at it in our top 20 for 22 we talked | 3.92 | Jump to 2496.0 |  |  | 
              
                
                  | office this year is eight and a half to | 4.24 | Jump to 2499.92 |  |  | 
              
                
                  | nine billion dollars compared to 11.3 | 5.839 | Jump to 2501.28 | 
                      
                        
                      
                        MONEY
                      
                      
                        nine billion dollars
                      
                     |  | 
              
                
                  | billion in 2019 so that's a pretty dire | 6.0 | Jump to 2504.16 |  |  | 
              
                
                  | you about that one rich greenfield | 5.281 | Jump to 2515.599 |  |  | 
              
                
                  | further with our first guest for the | 3.92 | Jump to 2534.0 |  |  | 
              
                
                  | momentum over the last two years was | 3.84 | Jump to 2549.2 |  |  | 
              
                
                  | the the three things that are driving | 5.12 | Jump to 2567.52 |  |  | 
              
                
                  | the share price down one is that netflix | 4.72 | Jump to 2569.52 |  |  | 
              
                
                  | last 12 years and they're approaching | 4.24 | Jump to 2574.24 |  |  | 
              
                
                  | second is the competition from hulu and | 5.2 | Jump to 2580.48 |  |  | 
              
                
                  | amazon prime was maybe 50 million | 4.72 | Jump to 2583.599 |  |  | 
              
                
                  | subscribers you know five years ago it's | 5.28 | Jump to 2585.68 |  |  | 
              
                
                  | over 200 million now between hbo max and | 5.841 | Jump to 2588.319 |  |  | 
              
                
                  | off and then the third thing which | 4.399 | Jump to 2597.44 |  |  | 
              
                
                  | growing i've been wrong for 10 years i'm | 4.72 | Jump to 2633.359 |  |  | 
              
                
                  | right finally after 10 years of | 3.601 | Jump to 2638.079 |  |  | 
              
                
                  | originals ozark not being one of them | 3.92 | Jump to 2678.8 |  |  | 
              
                
                  | like 300 million dollars to produce that | 3.68 | Jump to 2687.28 | 
                      
                        
                      
                        MONEY
                      
                      
                        300 million dollars
                      
                     |  | 
              
                
                  | they're probably 75 licensed still | 5.2 | Jump to 2703.28 |  |  | 
              
                
                  | renewed every year so ozark season four | 5.28 | Jump to 2708.48 |  |  | 
              
                
                  | seasons one two and three again and hbo | 4.161 | Jump to 2715.599 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        one two and three
                      
                     |  | 
              
                
                  | getting closer to that 12-month price | 4.16 | Jump to 2755.04 |  |  | 
              
                
                  | target you have of 342 dollars a share | 4.48 | Jump to 2756.48 |  |  | 
              
                
                  | our rule our rules here are within 10 so | 4.64 | Jump to 2767.92 |  |  | 
              
                
                  | it literally could drop another 10 bucks | 4.719 | Jump to 2770.88 |  |  | 
              
                
                  | i actually want to see probably one more | 3.681 | Jump to 2775.599 |  |  | 
              
                
                  | goes to 250 of course of course i would | 4.0 | Jump to 2779.28 |  |  | 
              
                
                  | green uh probably go back to 450 and i'm | 5.279 | Jump to 2795.04 |  |  | 
              
                
                  | does this set up for one of the other | 4.639 | Jump to 2812.48 |  |  | 
              
                
                  | disney tried to do gaming three | 4.24 | Jump to 2839.76 |  |  | 
              
                
                  | different times in the last 20 years and | 4.32 | Jump to 2841.92 |  |  | 
              
                
                  | shut it down three times | 4.079 | Jump to 2844.0 |  |  | 
              
                
                  | game guy but he last produced a game 20 | 4.641 | Jump to 2863.839 |  |  | 
              
                
                  | you just mentioned two names that | 3.359 | Jump to 2894.96 |  |  | 
              
                
                  | price eighty one dollars that's the risk | 4.561 | Jump to 2911.839 |  |  | 
              
                
                  | approved by regulators at 95 | 5.28 | Jump to 2918.079 |  |  | 
              
                
                  | so you're getting a 15 discount on a | 4.481 | Jump to 2920.559 |  |  | 
              
                
                  | takes one of my my favorite stocks out | 4.4 | Jump to 2972.4 |  |  |