Back to episode — Episode 3016 CWSA 11/12/25
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e thinking is from the smart people that Apple might have been the most clever player in the entire tech industry. And by clever I mean they never bought the hype. Everyone else has gone trillions of dollars of risk into something that looks like it doesn't work nearly as well as they told us it might. Apple looks like the only one who is seeing things clearly. Too early to say, but I've had two…
← Previous segment →r who knows what, maybe loss of confidence that AI is the thing, and Apple might be the smartest player in the space. So Apple's stock did not go down when some of the other AI ones did. Very interesting.
I sold my Apple stock as I said, but you have to say that Apple does hire smart people. So every time you tell yourself you're smarter than Apple, maybe check that. Maybe check that. You're probably not smarter than Apple. At least I'm not.
And then things are getting even weirder. There's somebody named Mahoney who is some kind of expert. What kind of expert is he? He's a Wall Streety guy. Ken Mahoney, CEO of Mahoney Asset Management. And what he says is that Walmart might be one of the big beneficiaries of AI. So now people are saying hey, we should instead of putting our money in the AI companies maybe now the smart money will go into the businesses that are just normal businesses like Walmart but they could lower their costs with AI. And there is some thought that's already happening at Walmart. I don't know if that's already happening.
But remember, all of the Dilberty big companies are going to claim, especially if they put billions of dollars into AI, they're going to claim that that's why they can lower costs even if all they're doing is firing people. So it'll be a long time before we know it's real. But we can tell what the claims will be. The claims will be that it saved the money and it's a good thing they put a hundred billion dollars into it.
And so what they're saying, this is in Axios, that 2026, this coming year, may be the year of investing in companies benefiting from all this AI or putting your money into companies like Apple that knew they shouldn't waste their money, at least too much of it, on AI. We'll see.
Do you know the No Kings group, the ones that organized the No Kings protests around the country? Well apparently that group, Indivisible is what they're called, Indivisible, said they're only going to support Democratic Senate candidates that call to cancel Chuck Schumer. So Chuck Schumer is going to have the worst week anybody ever had. Obviously the activist group Indivisible is pretty baked into the power structure of the Democrats. So having them come against Schumer is probably a big deal.
But there's something about Schumer that bothers me whenever I see him. And I'm wondering if you've ever noticed, which is that no matter what the topic is, he seems too happy about it. Like he looks like somebody who's putting on a play for the neighbors, but his part is maybe sometimes the bad guy or the bearer of bad news or death or something. But because he's just doing a play for his neighbors, he can't get the smile off his face.
So this is my impression of Chuck Schumer telling you he found a mass grave in his own backyard and there was a mass grave. "We were putting in a septic tank and I tell you it's all leg and we kept digging and digging. It was a mass grave. A mass grave there. Must have been hundreds of people in the mass grave." And am I wrong that he looks too happy when he says stuff like, "Oh, we have the advantage now. You know, children are starving. It's exactly what we'd hope for. I'm Chuck Schumer."
All right. According to Harry Anton, Chuck Schumer is now the most unpopular Senate Democratic leader on record going back to I guess going back to 1985. Anyway, so he's even underwater with Democrats. Even Democrats dislike him more than they like him.
So let me break this down. I hate to
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give the Democrats advice, you know, be it accidental, but I'm going to give you some persuasion lessons here, and if any of them are listening, maybe they'll learn something, but I doubt it. So a lot of people on the Democrat side are saying that what the Democrats need is a fighter. You've heard that, right? Every time they talk, it's like, no, we need a fighter. A fighter. We got to fight. Do…
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