Dave Lee on Investing

I discuss why Tesla needs Dojo supercomputer, why labeling is so important, and how Tesla is rapidly improving their full-self driving system. View Full Recording of this 11/9/20 Interview with James Douma, https://youtu.be/1IHyEvJr_ww .

Here are the timestamps:

00:45 - Who is James Douma

1:30 - What is Dojo?

4:05 - How Tesla makes the system better

4:30 - Labeling data

5:15 - How to leverage labeling

6:00 - What is 3D structure through motion

8:55 - Dojo bringing down computational costs

10:20 - GPUs for Neural Nets

11:50 - Custom silicon for neural nets

12:20 - Dojo’s current progress

13:50 - What is labeling

18:55 - Training neural nets

21:24 - How neural nets work with human labelers

23:30 - Supervised training

24:00 - Misperception of what Tesla is doing

25:20 - What data the fleet sends to Tesla

29:50 - Embedding

34:00 - Compounding improvement to system

35:20 - Detecting edge cases

36:25 - Driver interventions

41:35 - What can be send to cars without a big firmware update?

44:05 - Perception engine for FSD vs planning system

James Douma on Twitter: https://twitter.com/jamesdouma

James Douma on TMC: https://teslamotorsclub.com/tmc/members/jimmy_d.42749/#postings

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I discuss why Tesla needs Dojo supercomputer, why labeling is so important, and how Tesla is rapidly improving their full-self driving system. View Full Recording of this 11/9/20 Interview with James Douma, https://youtu.be/1IHyEvJr_ww .

James Douma on Twitter: https://twitter.com/jamesdouma

James Douma on TMC: https://teslamotorsclub.com/tmc/members/jimmy_d.42749/#postings

TIMESTAMPS:

0:00 - Intro

0:45 - Who is James Douma

1:30 - What is Dojo?

4:05 - How Tesla makes the system better

4:30 - Labeling data

5:15 - How to leverage labeling

6:00 - What is 3D structure through motion

8:55 - Dojo bringing down computational costs

10:20 - GPUs for Neural Nets

11:50 - Custom silicon for neural nets

12:20 - Dojo’s current progress

13:50 - What is labeling

18:55 - Training neural nets

21:24 - How neural nets work with human labelers

23:30 - Supervised training

24:00 - Misperception of what Tesla is doing

25:20 - What data the fleet sends to Tesla

29:50 - Embedding

34:00 - Compounding improvement to system

35:20 - Detecting edge cases

36:25 - Driver interventions

41:35 - What can be send to cars without a big firmware update?

44:05 - Perception engine for FSD vs planning system

🐦 Dave Lee on Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date.

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Subscribe to Dave Lee on Investing on Soundwise

In this video I make a case of why Starlink could be worth over $1 trillion by 2030. To volunteer for research (at least 5 hrs/week), contact me at davelee.tv or via Twitter @heydave7. Watch my previous Deep Dive on Starlink video, https://youtu.be/mbfeI4bxwxE .

Social

🐦 Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

📚 Investment and Business Books

Common Stocks and Uncommon Profits - Philip A. Fisher https://amzn.to/34sM3mJ

One Up On Wallstreet - Peter Lynch https://amzn.to/3ktbKZY

Crossing the Chasm - Geoffrey A Moore https://amzn.to/31CHODq

The 4-Hour Workweek - Timothy Ferris https://amzn.to/3dXule0

Zero to One - Peter Thiel https://amzn.to/37DMyfH

Superforecasting, The Art and Science of Prediction - Philip E. Tetlock https://amzn.to/31FovcF

The Laptop Millionaire: How Anyone Can Escape the 9 to 5 and Make Money Online - Mark Anastasi https://amzn.to/3mkiB8t

Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers - Alexander Osterwalder https://amzn.to/2Tng3tN

(amazon affiliate links added to links above)

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

💁🏻‍♂️ Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA, SQ, LMND and other stocks at time of original video publish date.

Subscribe to Dave Lee on Investing on Soundwise

In this video I make a case of why Starlink could be worth over $1 trillion by 2030. To volunteer for research (at least 5 hrs/week), contact me at davelee.tv or via Twitter @heydave7. Watch my previous Deep Dive on Starlink video, https://youtu.be/mbfeI4bxwxE .

Social

🐦 Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

📚 Investment and Business Books

Common Stocks and Uncommon Profits - Philip A. Fisher https://amzn.to/34sM3mJ

One Up On Wallstreet - Peter Lynch https://amzn.to/3ktbKZY

Crossing the Chasm - Geoffrey A Moore https://amzn.to/31CHODq

The 4-Hour Workweek - Timothy Ferris https://amzn.to/3dXule0

Zero to One - Peter Thiel https://amzn.to/37DMyfH

Superforecasting, The Art and Science of Prediction - Philip E. Tetlock https://amzn.to/31FovcF

The Laptop Millionaire: How Anyone Can Escape the 9 to 5 and Make Money Online - Mark Anastasi https://amzn.to/3mkiB8t

Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers - Alexander Osterwalder https://amzn.to/2Tng3tN

(amazon affiliate links added to links above)

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

💁🏻‍♂️ Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA, SQ, LMND and other stocks at time of original video publish date.

Subscribe to Dave Lee on Investing on Soundwise

In this video I share a tour of my RV where my family and I have spent several months this year traveling in.

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In this video I enlist the help of Anthony Pompliano (aka Pomp) to help me think through some of the long-term concerns and risks I see for Bitcoin.

Pomp on Twitter: https://twitter.com/APompliano

The Investment Case For Bitcoin by Pomp, https://pomp.substack.com/p/the-investment-case-for-bitcoin

0:18 - Intro

0:37 - Start of Interview

0:56 - Background of my Bitcoin thoughts

1:45 - Short-term appeal of Bitcoin

2:28 - Government overreach and personal liberties

3:57 - Government crackdown on Bitcoin and Crypto

4:48 - Elimination of cash, loaded with government debt, need to raise taxes

6:16 - Where Bitcoin is today

6:55 - Bitcoin as transparent ledger

9:17 - Bitcoin taxed

10:00 - U.S. backed digital USD, every currency will be digitized

11:15 - Global game theory and accessibility

13:00 - Digital wall adoption

13:50 - Flow of capital from soft to hard currencies

15:34 - Why U.S. won’t ban Bitcoin

18:00 - Bitcoin wallet holders identities

19:20 - Why governments can enforce a ban of Bitcoin if poses existential threat

21:15 - If government requires reporting of assets

22:30 - The more success Bitcoin has, the more motivation government has to ban it

24:18 - Government already taxing Bitcoin transactions

26:00 - Bitcoin bulls in government

27:55 - Bitcoin held by millions of people

28:38 - U.S. dollar will fail, Bitcoin as Internet currency

33:22 - Reasons on how governments can ban Bitcoin

36:40 - Survival of governments at stake

37:15 - Why Bitcoin won’t become global reserve currency

40:50 - Federal Reserve’s role in devaluing money, inflation

44:45 - Bitcoin as deflationary monetary system

47:40 - Bitcoin not pegged to actual people’s income/revenue

49:13 - Bitcoin pegged to commodity of computing power53:50 - Value of computing power based on resulting products and services

56:00 - Bitcoin compared to centralized digital ledger

58:28 - Decentralized financial system even trading stocks

59:55 - Bitcoin lack of intrinsic value 10-20 years out

1:03:10 - Probabilities of Bitcoin becoming global reserve currency

1:05:22 - Store of Value: comparing Bitcoin vs real estate

1:11:40 - Thinking in probabilities

1:12:45 - Store of value argument for Bitcoin lacks stability

1:18:10 - Can Bitcoin save the world

1:21:05 - Concluding thoughts

Social

In this video I enlist the help of Anthony Pompliano (aka Pomp) to help me think through some of the long-term concerns and risks I see for Bitcoin.

Pomp on Twitter: https://twitter.com/APompliano

The Investment Case For Bitcoin by Pomp, https://pomp.substack.com/p/the-investment-case-for-bitcoin

0:00 - Intro

0:37 - Start of Interview

0:56 - Background of my Bitcoin thoughts

1:45 - Short-term appeal of Bitcoin

2:28 - Government overreach and personal liberties

3:57 - Government crackdown on Bitcoin and Crypto

4:48 - Elimination of cash, loaded with government debt, need to raise taxes

6:16 - Where Bitcoin is today

6:55 - Bitcoin as transparent ledger

9:17 - Bitcoin taxed

10:00 - U.S. backed digital USD, every currency will be digitized

11:15 - Global game theory and accessibility

13:00 - Digital wall adoption

13:50 - Flow of capital from soft to hard currencies

15:34 - Why U.S. won’t ban Bitcoin

18:00 - Bitcoin wallet holders identities

19:20 - Why governments can enforce a ban of Bitcoin if poses existential threat

21:15 - If government requires reporting of assets

22:30 - The more success Bitcoin has, the more motivation government has to ban it

24:18 - Government already taxing Bitcoin transactions

26:00 - Bitcoin bulls in government

27:55 - Bitcoin held by millions of people

28:38 - U.S. dollar will fail, Bitcoin as Internet currency

33:22 - Reasons on how governments can ban Bitcoin

36:40 - Survival of governments at stake

37:15 - Why Bitcoin won’t become global reserve currency

40:50 - Federal Reserve’s role in devaluing money, inflation

44:45 - Bitcoin as deflationary monetary system

47:40 - Bitcoin not pegged to actual people’s income/revenue

49:13 - Bitcoin pegged to commodity of computing power53:50 - Value of computing power based on resulting products and services

56:00 - Bitcoin compared to centralized digital ledger

58:28 - Decentralized financial system even trading stocks

59:55 - Bitcoin lack of intrinsic value 10-20 years out

1:03:10 - Probabilities of Bitcoin becoming global reserve currency

1:05:22 - Store of Value: comparing Bitcoin vs real estate

1:11:40 - Thinking in probabilities

1:12:45 - Store of value argument for Bitcoin lacks stability

1:18:10 - Can Bitcoin save the world

1:21:05 - Concluding thoughts

Social

In this video I interview Emmet Peppers and find out how he grew his portfolio from roughly $1 million to over $30 million in a year.

Emmet's Twitter: https://twitter.com/emmetpeppers

Emmet's website: https://goodsoilinvestment.com/

Original 2014 interview with Emmet: https://www.youtube.com/watch?v=SfYqwv37bP4

1:28 - History of when Emmet and Dave began speaking

(Dave Lee interviews Emmet AKA ‘TSLAopt’ in 2014)

2:45 - Discovering Tesla for first time

3:50 - First Model S test drive

4:30 - Using long dated options

6:15 - Recapping 2013 TSLA short squeeze

8:15 - Recapping 2014-2019 TSLA range-bound trading

10:00 - Misinformation and FUD on Tesla

12:30 - Early Adopter stories

14:30 - Cool Elon Story

19:00 - Model X

21:45 - Tesla Solar Roof

26:30 - Bitcoin

29:50 - Emmet’s education background

32:00 - Gambling

33:30 - Short term trading

36:30 - QQQ put trade

41:00 - Citizen Journalism

44:30 - SQ and PTON trades

46:00 - NKLA failed trade

47:30 - TSLA LEAPs

57:00 - Emmet’s different perspective

59:20 - SpaceX investment

1:01:00 - 1mm - 30mm+ net worth

1:02:00 - Starting a hedge fund

1:04:10 - Adapting to 30mm+ net worth

1:06:08 - Real estate diversification pros and cons

1:11:11 - Taxes

1:13:12 - Other Elon Musk businesses

1:16:40 - What price to get out of TSLA

1:20:48 - Media treatment of TSLA

1:24:15 - S&P inclusion as next catalyst?

1:29:50 - Starting a hedge fund and hedge fund specifics

1:31:30 - How to find Emmet

1:32:27 - High risk hedge fund strategy

1:36:02 - Emmet’s long term plan

1:38:00 - Dave’s Conclusion

Social

In this video I interview Emmet Peppers and find out how he grew his portfolio from roughly $1 million to over $30 million in a year.

Emmet's Twitter: https://twitter.com/emmetpeppers

Emmet's website: https://goodsoilinvestment.com/

Original 2014 interview with Emmet: https://www.youtube.com/watch?v=SfYqwv37bP4

0:00 - Intro

1:28 - History of when Emmet and Dave began speaking

2:45 - Discovering Tesla for first time

3:50 - First Model S test drive

4:30 - Using long dated options

6:15 - Recapping 2013 TSLA short squeeze

8:15 - Recapping 2014-2019 TSLA range-bound trading

10:00 - Misinformation and FUD on Tesla

12:30 - Early Adopter stories

14:30 - Cool Elon Story

19:00 - Model X

21:45 - Tesla Solar Roof

26:30 - Bitcoin

29:50 - Emmet’s education background

32:00 - Gambling

33:30 - Short term trading

36:30 - QQQ put trade

41:00 - Citizen Journalism

44:30 - SQ and PTON trades

46:00 - NKLA failed trade

47:30 - TSLA LEAPs

57:00 - Emmet’s different perspective

59:20 - SpaceX investment

1:01:00 - 1mm - 30mm+ net worth

1:02:00 - Starting a hedge fund

1:04:10 - Adapting to 30mm+ net worth

1:06:08 - Real estate diversification pros and cons

1:11:11 - Taxes

1:13:12 - Other Elon Musk businesses

1:16:40 - What price to get out of TSLA

1:20:48 - Media treatment of TSLA

1:24:15 - S&P inclusion as next catalyst?

1:29:50 - Starting a hedge fund and hedge fund specifics

1:31:30 - How to find Emmet

1:32:27 - High risk hedge fund strategy

1:36:02 - Emmet’s long term plan

1:38:00 - Dave’s Conclusion

Social

Starlink just might be one of the most important companies in this decade. In this video, I’m doing a deep dive into what Starlink is doing, the challenges they face, and what options exist to invest into Starlink.

Timestamps:

0:00 - Intro

0:48 - What is Starlink?

6:50 - Turning point for Starlink

10:50 - Current status of satellites

11:20 - What is phased array?

12:20 - Low earth orbit vs geosynchronous

13:05 - Current demand

13:45 - Satellite launches cheaper over time

14:20 - Starlink competitors

14:30 - OneWeb

17:30 - Amazon Project Kuiper

18:15 - Jeff Bezos and Blue Origin

20:30 - Environmental challenges

20:40 - Space debris

21:30 - Light pollution

23:00 - Pricing

24:35 - When can I get Starlink?

24:57 - Can Starlink replace my home internet?

25:30 - Can I make video calls with Starlink?

25:55 - Will Starlink throttle data?

26:35 - Will Starlink be global?

26:57 - Will Elon be CEO of Starlink?

27:35 - Who are current investors of Starlink?

28:06 - Starlink valuation model 1

31:18 - Starlink valuation model 2

33:10- Is Starlink a generational company?

34:33 - How to invest in Starlink

36:00 - Elon’s promise to retail investors

38:25 - How will Elon prioritize retail investors?

40:05 - When will Starlink IPO?

40:40 - How to invest in Starlink now?

41:09 - What’s SpaceX’s current valuation?

42:00 - What can I do now?

Links:

Jan 2015 SpaceX Event Where Elon Announces Satellite Efforts, https://www.youtube.com/watch?v=AHeZHyOnsm4

Another valuation model for Starlink, https://www.forbes.com/sites/greatspeculations/2019/10/11/spacexs-satellite-internet-service-could-warrant-a-30-billion-valuation/

Starlink Reorganization, https://www.reuters.com/article/us-spacex-starlink-insight/musk-shakes-up-spacex-in-race-to-make-satellite-launch-window-sources-idUSKCN1N50FC

Social