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Taking Investment Advice From a Magic 8 Ball - YouTube
Channel: Max Maher
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robots they're everywhere and supposedly
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they're smarter than us but does that
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mean they can pick better investments
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than us
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alexa what's a good stock to buy sorry i
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can't give advice on that topic okay
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alexa what's your favorite company i'm a
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big fan of amazon okay all right alexa
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well you heard the lady
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and i lost four percent
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in 2020 gbt3 was introduced to the world
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it can have human-like conversations
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generate images out of thin air and even
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code better than most humans i mean
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check this out if you ask gbt3 to come
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up with an idea that doesn't even exist
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like a chair in the style of an avocado
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it can generate this out of thin air and
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what's even more crazy a woman uploaded
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facebook messages between her and her
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late boyfriend to see if she could kind
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of recreate him as an ai chatbot and it
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totally worked naturally this led me to
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wonder if one of the most powerful
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all-knowing ais in the world could give
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me winning stock tips see around 15
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years ago warren buffett started to have
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a lunch every single year with anyone
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willing to pay the hefty price he
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basically auctioned himself off in the
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name of charity the first time it was
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going for like 25 000 but in recent
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years that's gone as high as four
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million dollars just to have lunch with
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the big guy but there's a catch
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you can bring six or seven friends
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and
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warren himself will absolutely have
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lunch with you and you can ask him
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anything you want
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unless it had to be changed to the stock
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market he's not interested in giving you
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hints on the stock market so you're
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telling me i'm paying four million
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dollars to have the lunch with the
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oracle of omaha but he won't give me
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stock tips i guess we're gonna have to
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do this the hard way warren he left me
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no choice here i need to create a warren
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buffett bot that way i can simulate
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using ai having lunch with warren
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buffett and sweet talking him in to give
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me some stock advice all without
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spending a single dime first i need to
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build robot warren and give this bot
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some context
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after some chit chat and a few questions
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about his dietary habits to ensure you
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know that this is the real warren we
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appear to have a fully functional
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buffett bot
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[Music]
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so
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[Music]
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now let's get to the good stuff here
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okay tell me which stock is going to go
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up way in price before the end of
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february we're going for a shorter term
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bet here
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is that because of the recent dip in the
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nasdaq
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all right thanks warren that's all i
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needed to hear you heard it for himself
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well kind of i'm going to purchase 1 000
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of apple and 1 000 of google and
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supposedly i should be seeing some nice
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juicy gains within the next month and by
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the way i'll have this app linked in the
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description they give you three free
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stocks for signing up four to six weeks
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later
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google
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down five percent but apple
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down 10
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but i didn't want to be done there i
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found a website that claims it can
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predict stock prices anywhere from daily
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to three months out what caught my eye
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is on their front page it shows their
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top picks and they're occasionally dead
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on but is this luck or an all-knowing
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robot if this app can make any kind of
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predictions with accuracy it could be a
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huge unknown money maker am i going to
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bet the house on it no of course not am
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i going to give it a shot so you don't
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have to yes of course i am so i paid
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them 49 clams to sign up for a week the
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ai showed me that tesla could actually
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go above
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hundred 1700 within about a month this
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would be absolutely insane if it
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happened an 82 percent increase but hey
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you know robots they know best at least
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that's the thesis of this video so i'm
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gonna give it a shot and buy some now i
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wanted to try something shorter term as
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well these bots are of course using
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today's data so the further out we go
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the higher the risk that they're wrong
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according to the ai amc stock we'll hit
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22.57
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in about a week that would be a 19
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increase in a single week so of course i
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had to buy some
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one week later and the results are in
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amc after one week
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didn't do so hot and things just got
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worse from there tesla
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also lost 10 you know one thing i didn't
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consider when beginning this experiment
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is that a war would start here i'd like
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to thank today's sponsor i trust capital
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means is you can buy sell and trade
[294]
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your wins this is amazing for traders
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with a roth you pay your tax up front
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when putting money into the account and
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at retirement you pay no tax once you
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start pulling out at age 59 and a half
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years old this is probably the most
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simple way to save on all capital gains
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i trust will be linked in the
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description of this video if you use
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that link to open an account you'll
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receive 100 in free bitcoin just for
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joining now in order to test the
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hypothesis that robots make better bets
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than humans i need to find a baseline
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and then set aside some money to see if
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i can get financial advice from the
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internet you want to guess how much i
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paid for this financial advice
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i wanted to see what one abraham lincoln
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could buy me in financial advice i was
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browsing fiverr and there's no shortage
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of highly qualified people to send you
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stock tips so i decided to take a little
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bit of a different route here and buy
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the worst stock tip i could find this
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guy's description it reads i am a
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professional at losing money and i
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provide professional financial advice on
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how you can do the same he figured out
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how to work the system here selling you
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losing investments if you lose he wins
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if you win you win and with that i
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bought the gig i wanted to know what's
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the worst possible stock he could think
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of not even like sarcastically actually
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the worst investment this man could
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think of and see how it performed
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compared to our other investments and
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here's what he got back to me he
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recommended that i take all the money i
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can from my friends and family take out
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margin max out all my credit cards and
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purchase as much evergrand stock as
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possible and if you are familiar
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evergrand is that company that uh is in
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china and they own more land than some
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entire countries and they have so much
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debt that it would actually hurt the
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world economy if they were to fail or
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some say when they fail he said he came
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to this conclusion from a crowdsourced
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analysis which just means he posted the
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question on reddit charged me for it and
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then bragged to me about it this man
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he's an absolute wolf now unfortunately
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i don't have access to buy evergrand so
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we'll just have to track that one but
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thankfully he gave me a second way to
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also lose some money blackberry that old
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cell phone company it turns out that
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they're selling their patents to patent
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trolls and it just may be a terrible
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time to purchase the stock and with that
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i guess we're gonna purchase the stock
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by the way the guy running this ad told
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me that his plan was to take the five
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dollars that i gave him and put it into
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evergrand stock himself and that we are
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his very first customer on fiverr and
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how do they do
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blackberry lost 10
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and evergrand lost 10 so it turns out it
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didn't matter what i invested in because
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everything basically lost 10
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as we can see robots like humans can
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guess this stuff perfectly
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and this isn't an exception
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whoa whoa whoa hold on cuz it's been a
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couple weeks longer and we have major
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news there's been a reversal i am now up
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on six out of the seven stocks from down
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ten percent to up four percent five
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percent 17
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even 44
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so i got to say maybe the robots are
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smarter than i gave them credit for
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they're just bad at telling time
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alexa what time is it
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i don't know that one
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[Music]
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