The Guesties
TL
Thomas Laffont
Guest on the All-In podcast · 5 scored calls
-11.5%
vs S&P +25.1% · -36.6pp
Each call below is scored as if you'd followed it— long a bull, an inverse-sized stake on a bear (capped at −100%) — from the day it aired to today, versus simply buying the S&P over the same window.
Scored calls
| Company | Call | Date | Return | vs S&P |
|---|---|---|---|---|
| MetaMETA | Bullish | Jun 21, 2025 | -18.3% | -43.3pp |
| NVIDIANVDA | Bullish | Jun 21, 2025 | +34.3% | +9.3pp |
| TeslaTSLA | Bullish | Jun 21, 2025 | +27.8% | +2.8pp |
| IntelINTC | Bearish | Jan 25, 2025 | -100.0% | -125.2pp |
| Constellation EnergyCEG | Bullish | Jan 25, 2025 | -1.3% | -26.4pp |
In their words
Meta→Bullish
“Meta's market cap is rough math $1.7 trillion. If you're the CEO and you ultimately believe that maybe 50% of your market cap is at risk because of AI, $850 billion, why would you not spend maybe 4 or 5% of that if you think it increases”
E232· Jun 21, 2025
Apple→Mixed
“They're the opposite, right? They don't control the silicon, they don't control the underlying models... But I think the good news for them is they still have a monopoly on users. They have $3 trillion of market cap to kind of play with.”
E232· Jun 21, 2025
NVIDIA→Bullish
“I still think NVIDIA, right? I don't see the GPU kind of getting displaced. I see additional architectures kind of coming on board, right? And growing the market. But at the end of the day, all roads still lead to the GPU for all of these”
E232· Jun 21, 2025
Tesla→Bullish
“My number 2, more of a dark horse, but I would pick Tesla. I do think it has the most potential for vertical integration, right? From all the way, the silicon to the model to actually the hardware, right? That might become super important,”
E232· Jun 21, 2025
OpenAI→Bullish
“I am bullish on OpenAI... it is maintaining 80% plus market share... if this was ridesharing, we would say, wow, this company is the winner. So to me, I think the quality of the ChatGPT franchise... is one of the great most successful,”
E212· Jan 25, 2025
Intel→Bearish
“Intel really missed. It's a complete abdication of corporate governance at the board level and the CEO level.”
E212· Jan 25, 2025
Uranium→Neutral
“Why we buy uranium? I think you can speak to that better... we expect, and we think just the trend generally towards nuclear energy is going to continue... I think it's pretty clear what the answer is. I think China is leading the way in”
E212· Jan 25, 2025
TikTok / ByteDance→Bullish
“Is $100 billion a reasonable scenario? You know, I think the math proves it. And then could it be a trillion-dollar asset the way Trump has mentioned? I mean, in a world where Facebook's $1.5 trillion... I don't think it's unrealistic.”
E212· Jan 25, 2025
Constellation Energy→Bullish
“we expect, and we think just the trend generally towards nuclear energy is going to continue. It's been proven in China, it's been proven in Europe. I think it will show to be a part of the AI kind of arms race, you know, over the next 10,”
E212· Jan 25, 2025