Now, are you ready to brave this week's scary fairy tale from Scotland? Are you sitting uncomfortably? Well, snuggle up with your dog, cat, or grownup, and let's give a very warm welcome to Jason Buck.

Hello, everybody.

It's Jason Buck, storyteller here.

You might have heard me tell other stories like The Luck Child or The Old Woman and the Pig.

And I like to make noises and sound effects and accents.

And today's story, well, it doesn't come from England, where I come from.

It comes from Scotland, the northernmost country in the United Kingdom, and it is called Molly Whuppie.

Tell us a little bit about what law you needed to lay down when you entered that NFL locker room.

I'll tell you what.

The NFL is another level of meme.

They don't, maybe not as fight as much now as we did then.

They take it a little easier to practice when I'm around NFL practices.

But we, I'll tell you, it was a whole nother level.

And I go into the Bengals and for whatever reason, Dick LeBeau loved me, Hall of Fame, great coach.

Do you have a favorite memory or play or even a favorite game that you played at BYU?

Tell us a little bit about what law you needed to lay down when you entered that NFL locker room.

I'll tell you what.

The NFL is another level of mean.

They don't maybe not as fight as much now as we did then.

They take it a little easier to practice when I'm around NFL practices.

I'll tell you, it was a whole other level.

And I go into the Bengals, and for whatever reason, Dick LeBeau loved me, Hall of Fame, great coach.

Do you have a favorite memory or play or even a favorite game that you played at BYU?

buyer behaviors.

So contextually, it's important to understand the overarching shift in buyer behavior from right around the pandemic until now that was existing before AI.

And that shift in behavior was that they were self-navigating the educational component of the buying process without the benefit of salespeople in ways that they hadn't before through online learning and through social communities, etc, etc.

So not only were the buyers more educated before that first sales conversation, they were also using online research to add to the list of potential partners in ways that they hadn't in the past.

So that was existing prior to AI's emergence.

Now fast forward a couple of years where it's worked its way into our everyday lives and the quality of distilled or synthesized information enables that trend even more.

The idea of self-educating and self-navigating as well as selecting would-be partners enabled by AI is a huge trend.

you're going to be behind and you're

How many of you have seen the unbelievable documentary, The Last Dance, about the Chicago Bulls and their historic run? I assume most of the room, it's one of the best sports documentaries ever made.

So I'm actually here to talk to you about the greatest basketball player of all time.

That's right, Dennis Rodman.

Now, we'll get into why Dennis Rodman is actually the greatest basketball player of all time, but I want you to think about that cognitive dissonance you had when you saw the man in the wedding dress.

You know, you were thinking about Michael Jordan, the free throw dunk, the logo, those six rings.

But sometimes the greatest of all time might be hidden and you're not realizing it.

Mm.

There are, um, edges or alpha in-Arbitrage hunting, right? But you have to persistently arbitrage hunt because they appear and disappear so quickly, and it'll be in a different marketplace.

That's a true edge, but those are extremely rare.

And so you go back to, like, kind of efficient markets.

But like you're saying, what mine came from too is, like you said, people, I find when they're young, they either start with, like, Buffett, and then that just locks in from a young age, right? That's part of it.

Or like I did, they start with Market Wizards.

I, I kinda started both at the same time, but I loved Market Wizards 'cause you find from reading the Market Wizards books is, like, there's a million ways to make money in the markets.

[laughs]

Mm-hmm.

But as a standalone, it's like you said, it's always been a hard sell, right? Uh, and I wanna come back into why it's a hard sell and like if it die, if, if trend's dead, why do people not hold it? I wanna come back to that in a minute.

But like, so like you're saying, if, if this is what you truly wanted, you'd have trend as a standalone.

But then as we know, it's so hard to sell trend as a standalone.

So historically, especially a lot of the European trend followers have added what's called a carry to their portfolios, like where trend following is very convex, so that's why you want it, 'cause the convexity of trend.

Well, they're like, "Well, what do I do when convexity is not really, uh, you know, pervasive in the market? So I wanna add a bit of carry there." And so inside their funds, they'll create a, a, some sort of carry, you know, whether it's term structure carry, but it's usually all across the same commodity, so it's really idiosyncratically similar to a lot of the strategies they're trading.

So could-- Do you think almost tangentially that adding global stocks to the convexity of trend, that's your carry is through the global stocks program and that nice uncorrelation you get? Is that-- Am I stretching it too far thinking of stocks as carry versus what some of the trend following managers do with adding carry to their portfolio?

So, um, yeah, it's a, it's a strategy to target what peop- what it is people actually want and need from the marketplace, um, that also happens to be, you know, consistent with what I think is a good way to compound wealth over the long term.

Mouth open and let the magic begin.

Hello.

It's me.

It's Jason Buck, storyteller.

Hello, everybody.

I'm sure some of you may have heard some of my stories already, but tonight I've got a new story for you, and it comes from a country called Sweden, which is up in the north in part of the world known as Scandinavia.

It has magic, and it has a witch and...

Are you sitting comfortably? Then let's give a warm welcome to Jason Buck.

Hello, everybody.

My name's Jason Buck, and I'm a storyteller.

You might have heard me tell stories before on Super Great Kids Stories, and today I've got another one for you, Puss in Boots.

Now, just in case you've seen Puss in Boots on the TV or in films, the story is very, very old and was written down about three hundred years ago by a Frenchman called Charles Perrault.

Of course, he's not quite the same cat as he is in the films and the TVs, but this is the one from the time of stories long ago.

Once upon a time, there was a farmer who had three sons, and when the farmer eventually died, his sons inherited all of his land and everything that he owned.