Ep 57 | What 30 Years on Wall Street Taught Him ft. Dr. Ryan Lemand

<p><strong>Are we in an AI bubble? </strong></p><p>Dr. Ryan Lemand, a finance PhD, 30-year investment professional, and the #1 stock market voice on LinkedIn, breaks down Nvidia's 5-customer revenue risk, circular AI financing, and why gold could hit $10,000.Dr. Ryan Lemand has spent his career inside investment banks as a prop trader before moving into fund management and stock market analysis. Part of his PhD research focused on the mechanics of financial bubbles, and in this episode he applies that framework directly to Nvidia and the AI sector in 2026.In this episode:Why 70% of Nvidia's revenue comes from just 5 clients, and why that risk is buried on page 724 of its financial reportThe "circular capital" model: how Nvidia is effectively lending AI companies the money to buy its own chipsWhy Nvidia's growth rate doesn't match the actual user growth of ChatGPT and ClaudeThe real cost behind a $200 AI subscription, and who is covering the gapWhy 20% of US data centres are sitting turned off with no electricity to run themThe historical bubbles this all echoes: US railroads, fiber optics, and the dot-com crashWhy Dr. Ryan holds 80% of his personal stock portfolio in Switzerland, not the USThe 3-bucket portfolio structure he uses for short, medium, and long-term investingWhy he buys physical gold every single month, and predicts it could hit $10,000How gold, oil, and interest rates actually move together, and why that link just brokeWhether you are an employee, business owner, or entrepreneur, this conversation is a masterclass in separating hype from fundamentals before you invest a single dollar.🔥 More Ways to Grow:📢 Subscribe for More: <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUZZTVljRzBvU3ZDb0JJeXNQR0UtT0VvdGNMTHxBTl9pYzRkSm40SXZWRmptNHp6LXY0Rm53TW9NU0hqN3dUVHdUUnZ2U292QTZ1OWJsZGthTlQ3UG9LSmpNS0hhcjhyb29sellCaFV6Mm9XcW41d0xfR2JWUFpVVFVjU1lwSHNo&amp;q=https%3A%2F%2Fbit.ly%2FThinkandgrow10X&amp;v=2EgDOKNubJc" target="_blank" rel="ugc noopener noreferrer">https://bit.ly/Thinkandgrow10X</a>🎥 Watch Next: • Diary Of A Founder📢 Follow Us for Daily Insights:📸 Instagram: <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUZZTVljSFV3anJnM3hHdjVRcXRDRDJBUzZRQnxBTl9pYzRmZTVDYlI0S0RDdlM5cWpwMEZvRTNwa2N0MzgtUFdIQzBUN3JTMFFzS2IyMmcwOEVRaXZvaWdwZnducmwtclR2N1YyRk1xVG16WkNtdVNhSE1UWXJTa0JaRXJvSUJE&amp;q=https%3A%2F%2Fwww.instagram.com%2Fthinkandgrow10x%2F&amp;v=2EgDOKNubJc" target="_blank" re