Interactive Brokers

@IBKR

Sep 30

Wilfred Frost

@WilfredFrost

Sep 16

🚨NEW EPISODE🚨 with Chairman of @IBKR Thomas Peterffy:

Worth over $100bn, he reveals the asset he is buying as the ultimate hedge - LAND.

"If these things happen that I'm worried about, then I think land is the logical asset."

AI RACE: "Slowing down? I mean, it's a very China is not going to slow down. So this is basically a competition between the two hemispheres and I'm not in favour of slowing down. I would like us to win."

AI OPTIMISM: "Even if the frontier models would stop progressing at this moment, there are so many open source models all over the place and adapting them by all the other companies will result in huge increases in earnings and productivity. So I'm basically very optimistic."

FED AND YIELDS: "Well, I think the Fed will probably raise rates, although as I said, I would not be in favour of that, but they will have to do it just to demonstrate that they are independent."

HUGE PREDICTION MARKETS OPPORTUNITY: "These markets are going to become huge in my view. In the fullness of time, the majority of our earnings will be derived from prediction markets."

OWN LAND: Revealing more of is thinking around buying land, he reflects on his upbringing in communist Hungary, when everyone's assets were seized. "So I think that the same thing may happen in America. And that is the reason that I am buying land so that after the democratic socialists take everything over and they ruin all the stuff, they will eventually find out that it doesn't work and they will have to go back to protecting people's private property and return the assets they can return. And the only assets they will be able to return will be rural land."

Timestamps:
0:00 Intro
2:45 IBKR recent earnings
6:35 Interest rate exposure
9:10 Fed will hike…sadly
11:00 Optimistic about AI
13:10 But some AI overinvestment
14:45 US can’t slow down
17:10 Long path to prediction markets
22:30 HUGE opportunity of prediction markets
28:41 The risk from leverage
32:26 AI boosts IBKR
36:10 New bank trust charter
40:35 Buy Land – ultimate protection
45:08 Conclusion – have a plan