How To Grow A $1 Million Portfolio - part 5/6
December 22, 2025 • 26m 53s
Joseph Carlson (Founder)
00:00.330
you
can
try
to
blame
this
on
of
course
the
power
company
but
that
kind
of
misses
the
point
waymos
should
be
able
to
operate
even
when
the
power
goes
down
otherwise
they're
just
going
to
cause
massive
traffic
jams
and
they
they
kind
of
outline
that
they're
intended
to
they're
Joseph Carlson (Founder)
00:14.890
designed
to
but
they
say
this
is
a
much
bigger
event
than
they've
ever
planned
before
Joseph Carlson (Founder)
00:18.890
while
the
waymo
driver
is
designed
to
treat
nonfunctioning
signals
as
a
four
way
stop
the
sheer
scale
of
the
outage
led
to
instances
where
the
vehicles
remain
stationary
longer
than
usual
to
confirm
the
state
of
the
affected
intersection
Joseph Carlson (Founder)
00:32.360
so
basically
the
waymos
are
being
way
too
cautious
they
were
sitting
there
trying
to
figure
out
what's
going
on
trying
to
confirm
the
state
of
things
and
they
need
some
extra
work
some
extra
programming
for
these
type
of
edge
cases
Joseph Carlson (Founder)
00:43.440
they
highlight
that
the
majority
of
active
trips
were
successfully
completed
before
vehicles
were
safely
returned
to
depots
or
pulled
over
but
ultimately
they
ended
up
shutting
down
the
way
most
service
until
the
power
was
back
on
now
Joseph Carlson (Founder)
00:55.160
as
this
was
going
on
elon
musk
posted
this
he
posted
this
ex
post
that
says
quote
tesla
robotaxis
were
unaffected
by
the
san
francisco
power
outage
Joseph Carlson (Founder)
01:05.560
and
i
thought
this
was
an
interesting
post
he's
pointing
out
that
tesla
robotaxis
worked
perfectly
but
tesla
robotaxis
don't
really
exist
in
california
unless
you're
Joseph Carlson (Founder)
01:17.080
talking
about
the
ones
that
are
driver
assisted
in
which
case
for
every
single
tesla
there
is
a
human
in
the
driver
's
seat
that
is
required
by
law
to
be
at
the
ready
to
take
over
the
vehicle
at
any
time
should
anything
unordinary
happen
Joseph Carlson (Founder)
01:32.280
so
you're
kind
of
comparing
apples
to
oranges
here
a
bit
i
don't
think
it's
really
a
fair
comparison
to
compare
elon
musk
's
robo
taxi
in
san
francisco
to
waymo
's
where
waymo
does
not
have
drivers
in
the
driver
's
seat
they
Joseph Carlson (Founder)
01:45.120
say
quote
tesla
has
not
obtained
permits
to
conduct
driverless
testing
or
services
in
the
state
without
a
human
safety
supervisor
behind
the
wheel
ready
to
steer
or
break
at
any
time
Joseph Carlson (Founder)
01:56.320
now
fuego
also
had
a
driver
assistant
in
the
driver
's
seat
ready
to
take
over
at
any
time
they
likely
wouldn't
have
had
any
issues
as
well
they
could
have
jumped
in
anytime
away
MO
had
any
trouble
with
an
intersection
Joseph Carlson (Founder)
02:08.520
so
it
makes
sense
that
tesla
's
robo
taxi
was
unaffected
because
elon
's
definition
apparently
of
a
robotaxi
is
any
vehicle
that
has
a
driver
assistant
sitting
in
the
front
seat
able
to
monitor
it
at
any
point
in
time
that's
not
the
same
definition
of
a
robotaxi
that
i
have
or
Joseph Carlson (Founder)
02:25.720
that
waymo
has
now
Joseph Carlson (Founder)
02:26.920
i've
had
a
lot
of
people
interested
in
my
take
on
this
as
i'm
invested
in
google
i'm
bullish
on
waymo
i
think
it's
a
great
story
for
the
company
and
this
doesn't
really
change
my
viewpoint
at
all
on
waymo
i
view
Joseph Carlson (Founder)
02:37.290
this
more
similar
to
how
aws
went
out
for
a
full
day
that
caused
enormous
amounts
of
headaches
as
one
of
the
biggest
events
that
happened
was
aws
going
down
we
also
have
time
periods
where
youtube
went
down
for
a
number
of
hours
Joseph Carlson (Founder)
02:50.880
the
biggest
video
website
in
the
world
went
down
for
hours
caused
a
lot
of
headaches
for
people
you
have
instances
where
netflix
had
a
live
streaming
event
and
they
had
a
lot
of
lagging
and
people
getting
disconnected
anytime
these
companies
are
doing
big
things
at
scale
there's
Joseph Carlson (Founder)
03:04.600
going
to
be
some
hiccups
Joseph Carlson (Founder)
03:06.240
this
one
resulted
in
no
deaths
or
accidents
there's
no
big
tragedy
caused
by
it
they
simply
caused
some
roadblocks
for
a
short
amount
of
time
to
me
it
doesn't
change
the
story
of
waymo
at
all
Joseph Carlson (Founder)
03:15.960
now
moving
on
we
get
to
the
fail
of
the
week
this
is
a
person
that
had
at
one
point
just
recently
even
this
year
a
million
dollars
now
their
portfolio
size
is
three
thousand
dollars
and
they
owe
over
two
hundred
fifty
thousand
dollars
to
the
creditors
and
the
IRS
so
Joseph Carlson (Founder)
03:29.840
how
did
this
person
dig
themselves
in
this
terrible
situation
we'll
take
a
look
at
the
story
he
says
firstly
i
already
know
what
most
of
you
are
thinking
how
could
you
do
this
trust
me
i
know
Joseph Carlson (Founder)
03:39.880
i'm
in
an
absolute
low
right
now
and
i
pray
that
one
day
i
can
pull
back
i
managed
to
get
a
temporary
extension
for
what
is
owed
but
i
lost
everything
because
i
got
lucky
with
liberation
day
Joseph Carlson (Founder)
03:49.920
i
made
a
lot
because
i
had
plans
to
start
my
life
with
my
girlfriend
she
doesn't
know
yet
but
each
day
i
don't
tell
her
is
killing
me
i
sold
the
house
i
grew
up
in
a
burden
i
never
wanted
to
deal
with
and
i
explicitly
said
i
don't
want
to
worry
about
what
is
owed
Joseph Carlson (Founder)
04:06.360
i
was
naive
enough
to
not
do
my
taxes
on
my
own
which
came
around
liberation
day
and
i
genuinely
did
not
expect
to
end
the
year
this
way
Joseph Carlson (Founder)
04:14.400
so
this
guy
inherited
the
home
that
he
grew
up
in
he
wasn't
living
in
it
he
sold
the
home
got
a
bunch
of
money
from
selling
it
and
then
he
did
not
pay
the
sales
tax
on
the
home
so
now
he's
stuck
owing
the
IRS
one
hundred
and
seventy
nine
thousand
dollars
now
Joseph Carlson (Founder)
04:30.840
he
says
that
i
made
plans
on
paying
my
taxes
several
times
and
let
it
slip
by
and
here
i
am
i
have
ADHD
and
struggle
with
it
daily
i
chase
the
dopamine
and
panicked
fumble
hard
if
anything
i
wish
to
say
please
don't
do
what
i
did
Joseph Carlson (Founder)
04:47.040
do
not
chase
the
dream
because
you'll
be
left
with
a
nightmare
it's
so
bad
at
the
beginning
of
the
year
he
had
five
hundred
and
fifteen
thousand
dollars
that's
from
the
home
sale
then
he
gambled
with
options
Joseph Carlson (Founder)
04:57.800
that's
how
you
have
those
type
of
massive
spikes
where
it
goes
from
five
hundred
thousand
dollars
to
a
million
at
the
highest
point
he
had
one
million
seventy
thousand
dollars
the
second
peak
he
got
back
up
to
five
hundred
and
eighty
thousand
dollars
but
he
stayed
in
Autoscroll