06/30/2026
My question around table is this, and I think it's a serious one. What should the average investor do with a stock when a prominent person buys or sells? In the case of Axon, that prominent person is the President of the United States. Lee, over to you.
Lee
You know, I think it's an idea generator. Do not confuse uh this purchase with conviction. You don't know why he bought it. Uh the optics look bad, right? They say it's a blind trust. They say they don't know, but it's a week before there's a big government contract. Um when I see people get in trades like this, the first thing I do is I talk to my analyst, Jesus, and I said, listen, this is just an idea. pretend it came from some imaginary, you know, rich uncle with a hot stock. And then you want to investigate, you get into it. Or you could be like Stanley Druckenmiller who's one of my heroes, and you, you know, you buy a little bit of it, you know, put a few grand into it, follow it a little bit. If you love the story, you pile up. Um but then, you know, you find things like this. I mean, Rick Smith, I mean, the guy's a Wall Street baller. Come on. But this is not a new story. Um, I would say just investigate, use it as an idea generator and remember, you never know when they're going to sell that stock. Uh and so you have to do your own research because you can't coattail, you know, maybe on the entry you can, but you never know about the exit.
Speaker A
Peter, you agree?
Peter
Well, I think you'll certainly make money if you buy the sort of stocks that Trump recommends, but you'll make even more money if you buy them before he recommends them. So there are certain industries, whether they be uh defense, whether they be uh energy, whether they be AI, that clearly are national security priorities for the Trump administration. I would be targeting my purchases in those industries because they're going to do well regardless of whether a particular company gets bought by Trump or not.
