Jun 7, 2024 · 59m · my-first-million
The GameStop Guy Has Returned… (And Has A New $210M Bet)
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In this episode of My First Million, Shaan Puri and Sam Parr analyze Keith Gill's multi-million dollar return to GameStop and Ryan Cohen's activist leadership, exploring how attention moves modern equity markets. They also reflect on creative obsession, the commercial explosion of social run clubs, and the transformative value of radical constructive criticism.
Statements from this episode (10)
Puri: Pulled All Money From Robinhood Because CEO Lied About Halts
“I took all my money off of Robinhood after that happened. I just fundamentally, morally was against what had happened. I believe that the CEO lied and is continues to lie basically about what happened during, during that period of time.”
Parr: Roaring Kitty's GameStop Trades Are A Creator Economy Monetization Play
“The some of the cool stories are some of these creators like Logan Paul, they now have a billion dollar company with prime roaring kitty is the exact same thing, but instead of selling prime energy drinks or whatever, He's selling not financial advice, but he'…”
Puri: Keith Gill becomes a billionaire if GameStop hits $70
“GameStop stock currently 28 dollars as of recording this. If the stock hits 70 dollars a share, he's a billionaire.”
Puri: Keith Gill holds $115M in GameStop shares and $65M in calls
“He owns five million dollars of five million shares of GameStop, which is worth one hundred and fifteen million. And then he has sixty five million dollars worth of call options.”
Parr: Ryan Cohen Placed Entire $500M Chewy Payout Into Two Stocks
“He sold it for three and a half billion dollars. Well, when he made his money, I think he made roughly five hundred million dollars. He put virtually 100% of it into two stocks, Apple and Wells Fargo.”
Puri: Ryan Cohen's $250M Apple stake from 2017 is worth over $1B
“He put two hundred fifty million into Apple in 2017. That stake is now worth over a billion.”
Puri: Cohen Invested $76M Into GameStop At $4 To $5 Per Share
“He put seventy six million Into GameStop back when it was like four or five dollars a share. So he owns 13% of the company 10%, 10 and a half percent now.”
Parr: Monetizing run clubs directly is a stupid business idea
“I think that's a stupid idea because I think it's incredibly challenging to make money off that, but it's a cool idea that they exist.”
Parr: Jesse Itzler's endurance event company 29029 does eight figures in revenue
“They do eight figures a year in revenue, and what they do is they have got these events all over the country, and they pick a really tall hill or mountain, and you climb up that short mountain as many times as it takes to equal Mount Everest, and so it's like,…”
Puri: Charity: Water Used Real-Time IoT Flow Meters To Drive Fundraising
“He literally installed like little Google donated these like IOT devices, these flow meters so that you can see that the well you helped build, you can go in the app, and you can literally see how much water is flowing through that well right now, and so he di…”