Investing Unscripted

In this June 2026 Mailbag, Jason and Jeff dive into OZEM, the world’s first actively managed GLP-1 weight-loss drug ETF, debating whether its steep fees are worth outsourcing your portfolio research. They also explore how generative AI is shifting white-collar labor, detail exactly how they would allocate a surprise $250,000 windfall, and answer a critical valuation question on why pre-revenue player QuantumScape still commands a multi-billion dollar market cap. 

03:36 Baseball Trash Talk

04:21 Mailbag GLP-1 ETF OZEM

08:04 Active ETF Pros and Cons

15:39 AI Disruption Question

16:37 SaaS and AI Native Future

20:58 AI in Construction and Trades

22:33 AI Productivity vs Disruption

24:07 AI Makes Us Dumber

27:19 Solid Power Overview

29:20 Battery Tech Commoditization

33:43 Windfall Money Plan

39:22 Spending vs Investing Choices

42:07 QuantumScape Market Cap

Companies mentioned: ABNB, BMW, DAVA, F, GOOG, GOOGL, HIMS, KNSL, LEN, LLY, MELI, META, NOW, NVDA, NVO, PFE, PYPL, QS, RKLB, SLDP, TTD 

Find where to listen & subscribe,  portfolio contests, and contact information at https://investingunscripted.com

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To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscripted

Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube

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Subscribe to our portfolio on Savvy Trader. Use code Unscripted2026 for 30% off a one-year subscription!

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What if AI plateaus and remains structurally mediocre?  Jason and Jeff challenge Wall Street's unstoppable narrative, talk portfolio rebalancing, and dissect the line between investing skill and pure luck. 

00:29 Mailbag Callout

01:57 Episode Setup AI Doubts

04:25 Will AI Stay Mid

08:43 LLMs Limits Learning

12:36 AI In Investing Workflow

16:08 Spending Hype Reality

19:17 Deck Building First Principles

22:55 AI Adoption And Growth Math

26:34 Rebalancing In AI Mania

27:23 Trimming Winners Hedging

33:53 Allocation Decisions Retirement

38:08 Have We Just Been Lucky

45:22 Gemini Concentration Fail

Companies mentioned: ADBE, AVGO, CRM, DDOG, KNSL, MELI, NVDA

Find where to listen & subscribe,  portfolio contests, and contact information at https://investingunscripted.com

*****************************************

To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscripted

Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube

*****************************************

Join our Patreon

Subscribe to our portfolio on Savvy Trader. Use code Unscripted2026 for 30% off a one-year subscription!
Learn more about your ad choices. Visit megaphone.fm/adchoices

Did the SpaceX IPO live up to the hype? We’re breaking down why Elon Musk's space venture might be a trap for retail investors, plus deep dives into The Trade Desk's struggles, QuantumScape's data center pivot, and the AI threat to Intuit.

00:41 Show Intro And Agenda

04:20 Market Vibes Check In

05:35 Dividend Portfolio Surprise

10:09 Chat Soccer Detour

12:37 Extra Time Debate

18:34 SpaceX IPO Reactions

20:52 Valuation And Competition Risks

26:53 One Year Price Bet Setup

27:32 SpaceX Valuation Debate

28:04 Livestream Banter Fixes

30:04 Portfolio Contest Update

33:40 Lessons From Bad Picks

39:55 Trade Desk Reality Check

47:50 Intuit Versus Adobe

51:15 Oracle AI Risk Talk

54:33 QuantumScape Milestones

58:17 SpaceX IPO Trap Wrap

Companies mentioned: ADBE, GLW, GOOG, INTU, KNSL, LEN, MELI, META, MSFT, NOW, NVDA, ORCL, PYPL, QS, RKLB, TSLA, TSM, TTD

Find where to listen & subscribe,  portfolio contests, and contact information at https://investingunscripted.com

*****************************************

To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscripted

Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube

*****************************************

Join our Patreon

Subscribe to our portfolio on Savvy Trader. Use code Unscripted2026 for 30% off a one-year subscription!

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Jason and Jeff open up their "Savvy Trader" portfolio to reveal their four most recent stock purchases. They break down the evolving credit risks and e-commerce dominance of MercadoLibre, explain why ServiceNow's early AI integration makes it largely insulated from software disruption, and debate the merits of buying entry-level homebuilders like Meritage Homes during a cyclical lull. Plus, Jeff pitches point-of-sale platform Toast as it impressively flips into profitability, and the duo speed-runs through a few recent personal portfolio additions, including Procore, Kinsale Capital, and QXO.

01:56 Savvy Trader Pricing Code

03:27 Episode Format Explained

05:47 Jason Picks MercadoLibre

11:07 MELI Risks And Evolution

18:56 Jeff Picks ServiceNow

23:59 AI Disruption Debate

27:00 Key Metrics To Watch

28:56 Meritage Bull Case

30:15 Post-Crisis Housing Shift

33:44 Cycle Risks And Timing

37:27 Long-Term Time Horizon

39:15 Cyclical Trading Approach

40:17 Toast Investment Thesis

43:03 Toast Growth And Margins

46:43 Personal Picks Procore

49:46 Jason Adds Kinsale ISRG QXO

Companies mentioned: BATRA, ISRG, KNSL, MELI, MTH, NOW, PCOR, QXO, TOST 

Find where to listen & subscribe,  portfolio contests, and contact information at https://investingunscripted.com

*****************************************

To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscripted

Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube

*****************************************

Join our PatreonSubscribe to our portfolio on Savvy Trader. Use code Unscripted2026 for 30% off a one-year subscription!
Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason and Jeff break down 15 essential investing terms that are constantly thrown around in the financial world. The duo translates Wall Street jargon into plain English, explaining the difference between GAAP and non-GAAP metrics, why enterprise value is often more important than market cap, and how to efficiently navigate SEC filings such as 10-Ks and S-1s. Whether you're trying to figure out if your portfolio is properly allocated, want to understand where you sit in the capital stack during a bankruptcy, or just need to know what Charlie Munger really thought about adjusted EBITDA, this episode serves as the perfect reference guide for new and experienced investors alike.

03:24 GAAP vs Non GAAP Basics

05:26 Adjusted Metrics and Context

09:14 Dividends Distributions and Taxes

14:02 SEC Filings Overview

17:06 10-K 10-Q and Using AI

21:29 Proxy Statements and Incentives

22:48 S-1 IPO Filings Explained

25:29 Asset Allocation and Position Sizing

28:31 Bull Bear and Market Corrections

32:08 Board of Directors Role

33:27 Board Fiduciary Duties

35:03 Capital Basics Explained

37:33 Debt vs Equity Stack

41:33 Bond Market Signals

42:15 Dollar Cost Averaging

44:05 Earnings and EPS

48:31 FFO for REITs

51:08 Market Cap vs EV

54:18 Cash Flow vs Free Cash

57:25 Funds Indexes and ETFs

59:37 Sectors vs Industries

01:00:44 Valuation Metrics Overview

Companies mentioned: AAPL, BN, BRK.B, COST, MA, SAVE, TSLA, TXN, V

Find where to listen & subscribe,  portfolio contests, and contact information at https://investingunscripted.com

*****************************************

To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscripted

Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube

*****************************************

Join our PatreonSubscribe to our portfolio on Savvy Trader
Learn more about your ad choices. Visit megaphone.fm/adchoices