Why are AI billionaires buying sports teams?
Amazon founder Jeff Bezos and his consortium just bought a 38% minority stake in Liverpool Football Club worth around $1.65 billion.
Billionaires Josh Kushner, and former Disney CEO Bob Iger, just agreed to buy the L.A. Lakers for $12.5 billion.
Maybe they just like sports teams…
Or maybe they’re preparing for something you don’t know about.
I mean, obviously I have no way of knowing for sure why they’re buying these sports teams…
But if I was a billionaire in this volatile AI stock market, I would probably look at how much AI risk I have, and how to reduce my exposure.
I would probably look at investing in stocks and assets that can survive if AI implodes.
Think about it…
We saw 20 of the world’s most valuable AI chip stocks lose $1.3 trillion last month… in two business days.
We just saw Nvidia fall more than 2% Monday – a 7-day decline.
That hasn’t happened since 2022.
And AI hedge fund Situational Awareness, dropped nearly 70% in July, leading to a record $35 billion in losses.
If these latest losses have you a little rattled…
You’re not alone.
You may not have $12.5 billion to buy the L.A. Lakers…
But here is a move you can make to reduce your risk and protect your money by August 31st.
I’ve spent $17 million on AI tools and research, work with a dedicated team of data scientists, and built a platform that 180,000 people worldwide now use in the stock market.
I wouldn’t steer them wrong, and I won’t steer you wrong either.
Go here to find out what to do next.
Best,
Keith Kaplan
CEO, TradeSmith
