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#752: Why AI Stocks Are Cheap with John Tinsman

TFTC: A Bitcoin Podcast

# Full Transcript

**Podcast:** TFTC: A Bitcoin Podcast

## Participants

- **Marty Bent** (TFTC: A Bitcoin Podcast)
- **John Tinsman** (AOT Invest / Twin State Inc.)

## Transcript

[SPEAKER_01] You've had a dynamic where money has become freer than free. If you talk about a Fed just gone nuts, all the central banks going nuts. So it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. I mean, that's part of the bull case for Bitcoin. If you're not paying attention, you probably should be.

[SPEAKER_00] John Tinsman, welcome to the show.

[SPEAKER_03] John Tinsman It's a pleasure to be here, Marty. Thank you.

[SPEAKER_00] John Tinsman It's a pleasure to have you on such short notice too. I think we threw this together less than 12 hours ago. I'm excited to have this conversation because we've had analysts covering the AI space on quite a few times over the last year. Jordy Visser, probably the most prominent. I've really liked his coverage and was telling you before we hit record, I found some clips of you talking about your thesis and what you're doing. And I said, I had to reach out to John, get him on the show. And for anybody who's

[SPEAKER_00] unaware, John is the founder and portfolio manager of AOT Invest, which trades on NASDAQ. He's also the director of procurement and investments at Twin State Inc. Family fertilizer business, which is maybe a topic we can get to later. But I think really respecting your time and jumping into it. I think first laying out your framework, and I believe your thesis is low marginal cost,

[SPEAKER_00] high growth businesses, trying to find who can outlay the least capital and get the highest multiple on that capital for your ETFs. And I think just walking us through that, because most people hear AI investing, they think NVIDIA, but your framework filters for something more

[SPEAKER_03] specific from what I understand. Yeah. So my first ETF I launched in 2022 is AOTG. That's the ticker, the AOT Growth and Innovation ETF. So I came from the world of market making, which was all about high speed and algorithmic trading and statistical probability. So I tried to take that statistical probability to long-term investing. And so when you invest 10 years from now, you can almost guarantee

[SPEAKER_03] that the stocks that have gone up the most have had the best earnings growth. So like in 10 years, if there's a company that's earning 30X more, that is probably have gone up quite a bit. And so I think like when you invest for the future, you think, well, what companies give me the best probability of earning the most in the future? And so the first thing I came back to was the companies that are earning the most today, like growing the fastest earnings today. So like companies that have really high earnings growth statistically are the most likely to be

[SPEAKER...

#752: Why AI Stocks Are Cheap with John Tinsman

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

#752: Why AI Stocks Are Cheap with John Tinsman

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.