Wall Street Wildlife Investing Podcast

What if the secret edge in investing isn't a spreadsheet — it's a story? This week Luke and Krzysztof sit down with Daniel Joshua Rubin, screenwriter, author of *27 Essential Principles of Story*, and a self-described "narrative investor" who's been quietly compounding by asking one question: is this a hero worth backing? The conversation gets spicy fast, with all three disagreeing on where narrative ends and delusion begins.

🎓 Daniel breaks down why ALL investing is storytelling
🧠 The Reese's Peanut Butter Cup theory of investing: why numbers alone and narrative alone both fail, and what happens when you combine them
💀 Survivorship bias hits hard — for every Netflix, there are 99 narratives that died quietly on the side of the road. How do you tell the difference *before* the crash?
📊 Luke pulls up the $ZM chart live and shows exactly when the narrative AND the numbers broke down simultaneously — and why one without the other got investors wrecked
🎯 The "drunken pilot" test: Daniel's framework for spotting a bad CEO before the numbers catch up — and why the math guys always miss it
🌐 From Blockbuster's villain arc to CrowdStrike's redemption story to Trade Desk's gathering storm — real companies dissected as hero's journeys
🤖 Nebius vs. the field, Reddit's narrative moat, and why Daniel thinks consumer-facing brands are where narrative investing has the sharpest edge
🎴 The pop quiz that stumped everyone: what do you do when a terrible narrative produces a 12X return? (Aehr Test Systems says hello) $AEHR

Sources:
Daniel Joshua Rubin: https://storyprinciples.com/

Segments:
00:00:00 What Is Narrative Investing? The Core Idea
00:10:20 Story Structure Meets Stock Analysis: Hero, Villain, Object of Desire
00:18:44 Survivorship Bias: The Dark Side of Narrative Investing
00:23:28 $ZM Zoom Case Study: When Narrative and Numbers Both Break
00:30:27 What Great CEOs Look Like — Grit, Humility, and Quiet Intensity
00:38:43 The Drunken Pilot Test: Spotting Bad Leadership Before the Numbers Do
00:51:33 $CRWD CrowdStrike, Trade Desk, and Branding as a Signal
00:59:48 Numbers vs. Narrative: Do You Actually Need Both?
01:09:09 Aehr Test Systems and the Limits of Narrative Investing
01:17:52 Final Verdicts: Where Narrative Has an Edge (and Where It Doesn't)

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If you want to see our furry faces, this podcast is also available on YouTube at ⁠youtube.com/@WallStreetWildlife?sub_confirmation=1⁠
**********
SUPPORT THE SHOW AND BECOME A PATREON:
wallstreetwildlife.com
**********
Follow us at:
⁠⁠x.com/7LukeHallard
⁠x.com/7FlyingPlatypus
**********
Fiscal.AI is the Complete Stock Research Platform for fundamental investors. With its beautiful design and institutional-quality data, Fiscal AI is incredibly powerful and easy to use.
Get 15% off any premium plan with:
fiscal.ai/wildlife
**********
Monkey’s “Zen, Nietzsche, How to Live” Substack:
firephilosophy.substack.com
**********
To use the same portfolio tracking tool as Luke, check-out:
portseido.com/?fpr=lukehallard
**********
Disclosure: Wall Street Wildlife hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation
**********
Fed up with the stock market giving you a hard time?
- Invest like seasoned pros with over 40 years in the game
- Discover the world's leading companies
- Sharpen your best investing practices and ditch the worst
- Learn how to start investing
- Essential investing principles to boost your returns

Two companies making the world genuinely better — one a glowing eyeball printing money in the desert, the other a century-old drug giant that invented the obesity revolution. So why are both kind of terrible investments right now? Luke and Krzysztof go head-to-head on $SPHR (Sphere Entertainment) and $NVO (Novo Nordisk) in this week's King of the Jungle bull-bear debate — and the tension is real.

🎯 Krzysztof bought $SPHR at ~$50. It's now $150. Is it a 3-bagger worth holding — or time to squeeze the last drop from the lemon?
📊 $NVO is trading at 10x earnings while $LLY trades at 40x. Screaming value trap or generational discount? Luke makes the case — then almost talks himself out of it live on air.
🌐 SpaceX IPO day sparks a bigger debate: why a company losing $10B still justifies a $2.2T valuation — and what most investors get wrong about forward-looking markets.
🧠 "You can love a company and hate the stock." The uncomfortable investing truth both hosts keep circling back to — and what it means for YOUR portfolio.
🚀 SpaceX vs Meta: Krzysztof breaks down why comparing current financials is almost meaningless — and the one bias both hosts admit they share about Zuckerberg's empire.
💊 Novo Nordisk's Cagrisema failed its head-to-head vs Lilly. The stock dropped 45% in a year. Luke owns it anyway. Krzysztof has zero desire to touch it. Who's right?
🎯 The Sphere's real constraint isn't content — it's geography. Luke makes the bear case: how many cities on Earth can actually host one of these things profitably?
🤖 When good stories get too well-known, the edge disappears. Krzysztof shares why he's increasingly hunting investments he doesn't even *like* — purely on the investment case.

Segments:
00:00:00 Cold Open: Loving a Company vs Loving the Stock
00:00:49 Intro + SpaceX IPO Day — Options Strategy & What Comes Next
00:04:31 SpaceX vs Meta: Why Comparing Current Financials Misses the Point
00:11:17 $SPHR Bull Case: How the Giant Glowing Eyeball Learned to Print Money
00:15:33 $SPHR Bear Case: How Many Cities Can Actually Host a Sphere?
00:22:39 $SPHR Verdict: Would You Buy at $150? (Krzysztof Answers Honestly)
00:30:23 $NVO Deep Dive: Novo Nordisk — Cheap for a Reason or Generational Value?
00:36:32 $NVO vs $LLY: 10x Earnings vs 40x — Is the Gap Justified?
00:40:28 Why Luke Hasn't Sold $NVO Yet (And Why That Might Be a Mistake)
00:46:51 The Meta-Lesson: When Knowing the Story Kills Your Edge

**********
If you want to see our furry faces, this podcast is also available on YouTube at ⁠youtube.com/@WallStreetWildlife?sub_confirmation=1⁠
**********
SUPPORT THE SHOW AND BECOME A PATREON:
wallstreetwildlife.com
**********
Follow us at:
⁠⁠x.com/7LukeHallard
⁠x.com/7FlyingPlatypus
**********
Fiscal.AI is the Complete Stock Research Platform for fundamental investors. With its beautiful design and institutional-quality data, Fiscal AI is incredibly powerful and easy to use.
Get 15% off any premium plan with:
fiscal.ai/wildlife
**********
Monkey’s “Zen, Nietzsche, How to Live” Substack:
firephilosophy.substack.com
**********
To use the same portfolio tracking tool as Luke, check-out:
portseido.com/?fpr=lukehallard
**********
Disclosure: Wall Street Wildlife hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation
**********
- Invest like seasoned pros with over 40 years in the game
- Discover the world's leading companies
- Sharpen your best investing practices and ditch the worst
- Learn how to start investing
- Essential investing principles to boost your returns

Keywords:
$SPHR, $NVO, Novo Nordisk, Sphere Entertainment, $LLY, Eli Lilly, SpaceX IPO, Ozempic, Wegovy, semaglutide, weight loss stocks, value trap, growth investing, forward-looking valuation, position sizing, dividend investing, options strategy, implied volatility, biotech investing, love the company hate the stock, Meta vs SpaceX valuation, Las Vegas Sphere, compounding stocks

Two years ago, Badger called EOS Energy garbage. Monkey wouldn't shut up about it. Today, the stock is up 1,000% and the story is just getting stronger. This week on Wall Street Wildlife, we settle the $EOSE vs $AXON bet, dissect a rights offering that could make or break $EOSE shareholders, and go live on SpaceX IPO day to watch history happen in real time.

🚀 SpaceX opens at $160+ on IPO day — Badger and Monkey called it live, almost to the dollar, and neither can quite believe it
📊 $EOSE is up 1,000% since the bet was made — but was it 3,000% at the peak, did Monkey leave serious money on the table?
💀 The rights offering explained: dilution is coming for $EOSE shareholders — but is it actually a gift in disguise, or a warning sign?
🎯 Badger bought back into $AXON after cutting it — what changed, what still bothers him, and why Motorola just became a threat worth watching
🧠 Why can't two investors who trust each other actually pull the trigger on each other's best ideas? The psychology of the "stock tip problem"
🦫 Monkey's Samantha Rabbit vs. Monkey daily stock-picking experiment: week three update, early surprises, and a new options data module for Patreons
🌴 The show identity question: are WSW just two animals shooting the sh*t, or is there a responsibility to say more when a stock goes up 450%?

Segments:
00:00:00 Introduction & SpaceX IPO Day Live
00:02:05 SpaceX Price Bet: Badger vs. Monkey (Live)
00:05:30 What Is Wall Street Wildlife Actually For?
00:11:35 Samantha Rabbit vs. Monkey: Week 3 Update
00:19:26 How to Start Investing (Badger's On-Ramp Principles)
00:21:00 The EOS Energy vs. Axon Bet: Two-Year Results Revealed
00:27:01 $EOSE Deep Dive: Rights Offering, Cerberus & Frontier Power USA
00:49:31 $AXON Deep Dive: Why Badger Sold, And Why He Bought Back
01:01:38 Motorola vs. Axon: The Counter-Drone War Begins
01:03:25 SpaceX IPO Price Confirmed Live — $2 Trillion Valuation $SPCX
01:05:07 SpaceX: Top 5 Company in 8 Years? Badger vs. Monkey

**********
If you want to see our furry faces, this podcast is also available on YouTube at ⁠youtube.com/@WallStreetWildlife?sub_confirmation=1⁠
**********
SUPPORT THE SHOW AND BECOME A PATREON:
wallstreetwildlife.com
**********
Follow us at:
⁠⁠x.com/7LukeHallard
⁠x.com/7FlyingPlatypus
**********
Fiscal.AI is the Complete Stock Research Platform for fundamental investors. With its beautiful design and institutional-quality data, Fiscal AI is incredibly powerful and easy to use.
Get 15% off any premium plan with:
fiscal.ai/wildlife
**********
Monkey’s “Zen, Nietzsche, How to Live” Substack:
firephilosophy.substack.com
**********
To use the same portfolio tracking tool as Luke, check-out:
portseido.com/?fpr=lukehallard
**********
Disclosure: Wall Street Wildlife hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation
**********
Fed up with the stock market giving you a hard time?
- Invest like seasoned pros with over 40 years in the game
- Discover the world's leading companies
- Sharpen your best investing practices and ditch the worst
- Learn how to start investing
- Essential investing principles to boost your returns
Keywords:
$EOSE, $AXON, SpaceX IPO, rights offering, long-duration energy storage, zinc batteries, Cerberus Capital, Frontier Power USA, counter-drone investing, Dedrone, Motorola Solutions, reverse DCF, stock-based compensation, position sizing, dilution explained, investing psychology, stock tip problem, $ASTS, Kelly Criterion, retail investor on-ramp, options strategy, King of the Jungle portfolio, Wall Street Wildlife, WSW, growth investing, contrarian investing, $SPCX

SpaceX is finally going public and it might be the most hyped IPO in a generation. But does that make it a buy, a trade, or a trap? Luke and Krzysztof have completely different plans, and neither one is obvious. This week also covers a tiny autonomous aviation startup that jumped 30% on a massive red day, why Luke dumped $WISE and owns $NU instead, and why the easy money on big IPOs is almost never made by the people watching from home.

🚀 Luke owns SpaceX *already* — but he's locked out, taxed, and has zero control over what happens next. His plan is more complicated than you'd think. $SPCX
🎴 Krzysztof refuses to be a long-term SpaceX holder — and instead wants to swing trade the IPO hype with options. Is he right to ignore the Rocket Lab lesson?
🎯 The musical chairs problem: why retail investors almost always arrive after the easy money is gone — and what to do about it.
🤖 A tiny pre-revenue company called $MRLN (Merlin) jumped 30% on one of the worst market days in months after a US Special Operations milestone. Krzysztof bought it impulsively. Was it genius or madness?
🎓 Is autonomous flying actually *easier* to solve than self-driving cars? Krzysztof makes the contrarian case and braces for pushback from a pilot in the Patreon community.
💰 Luke sold every share of $WISE after the AML scandal deepened and explains exactly why a 2-3 year regulatory headache makes it uninvestable right now, even if the business model is sound.
📊 $NU (Nubank) serves over 135 million customers, more than half of all adults in Brazil. Luke breaks down why it's trading at just 13x forward earnings despite 40% loan book growth, and what the real bear case actually is.
🌴 Krzysztof offers to document his live SpaceX options trades in real time for Patreon Dolphins. Tune in if you want to watch a philosopher-investor try to outsmart the hype machine.

Segments:
00:00:00 The Musical Chairs Problem With IPOs
00:01:06 SpaceX IPO Week — What's Actually Happening
00:05:45 Luke's SpaceX Position: Locked Up, Taxable & Out of Control
00:09:24 Luke's Plan to Build a Real $SPCX Position
00:12:26 Krzysztof's Contrarian Take: Swing Trade the Hype, Don't Own It
00:20:21 $MRLN Merlin Inc — Autonomous Flight for the US Military
00:24:00 Is Autonomous Flying Easier Than Self-Driving Cars?
00:33:39 The Bear Case for Merlin: No Revenue, 200x Sales
00:39:53 Why Luke Sold All His $WISE Stock
00:45:07 $NU Nubank — Banking Half of Brazil at 13x Earnings
00:53:14 The Nubank Bear Case: Loan Book Risk in a Developing Market

**********
If you want to see our furry faces, this podcast is also available on YouTube at ⁠youtube.com/@WallStreetWildlife?sub_confirmation=1⁠
**********
SUPPORT THE SHOW AND BECOME A PATREON:
wallstreetwildlife.com
**********
Follow us at:
⁠⁠x.com/7LukeHallard
⁠x.com/7FlyingPlatypus
**********
Fiscal.AI is the Complete Stock Research Platform for fundamental investors. With its beautiful design and institutional-quality data, Fiscal AI is incredibly powerful and easy to use.
Get 15% off any premium plan with:
fiscal.ai/wildlife
**********
Monkey’s “Zen, Nietzsche, How to Live” Substack:
firephilosophy.substack.com
**********
To use the same portfolio tracking tool as Luke, check-out:
portseido.com/?fpr=lukehallard
**********
Disclosure: Wall Street Wildlife hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation
**********

Keywords:
SpaceX IPO, $SPCX, IPO investing, retail investor traps, IPO hype cycle, Merlin Inc, $MRLN, autonomous aviation, autonomous flight, military tech stocks, Wise AML scandal, $WISE, Nubank, $NU, Brazil fintech, neobank investing, options trading IPO, swing trading, pre-revenue stocks

Where the worlds of technology, business, finance, stock markets, and animal spirits collide.
Perfect for those who know there’s an intelligent and principled way to become wealthy but haven’t yet had a good jungle guide, Luke ‘The Badger 🦡’ Hallard and Krzysztof ‘Monkey 🍌’ Piekarski bring you investing insights and principles to help you better understand how to make $$ money in the stock market.
Wall Street Wildlife is a gateway to deep, quality investing research and principles.
Are you ready to become a beast of an investor? 🦁