#2340 - Charley Crockett

Bullish:

• $COMEDY - The comedy industry, particularly in Austin, Texas, is experiencing significant growth and success, with sold-out shows and a thriving scene that has potential for expansion to other cities.

  • “We have two nights of open mic nights and, you know, we've got kill Tony on Monday nights. All the amateurs get a chance to to be seen in front of the whole world and the biggest live comedy show in the world on YouTube. And it just became this hub, man. And now it's just fucking every night. It's sold out. It's crazy. It's just it's a vibrant wild scene.”

    Joe·1:57:32

  • “We're talking about doing it in other places now. That's cool. We just don't wanna water it down. You know, we've talked about doing it in some other city and trying to figure out what the next one would be.”

    Joe·1:58:28

  • “And now, it's like this is the hub of comedy in the country, which makes it the hub of comedy in the known universe. It's all here in Texas. It's all at that club.”

    Charley·1:56:16
• $AUTHENTIC - There is a strong belief in the enduring value of authentic, human-created art and music, which cannot be replicated by AI.

  • “There's something about certain dude's voices and songs. They're like, alright. That guy's done some living. You know? You can't create that with AI.”

    Charley·1:19
• $TEXASENT - The Texas entertainment industry, including music and live venues, has shown resilience and continued success, even during challenging times like the pandemic.

  • “Country is everything. Country is nothing. You know? Because if you're in if you're in Texas, all that shit over there on the other side of Mississippi, like, it goes away for us.”

    Joe·43:16

  • “I was on I was still working the red dirt circuit when the pandemic hit. So to be honest with you, those those boys was like, it never closed. Wow. It didn't not those all those all those old dance halls and beer joints”

    Charley·2:00:20
• $LIVESTRM - Live streaming and in-person live entertainment experiences offer unique value that cannot be replicated, suggesting potential for growth in this sector.

  • “There's something about seeing someone live, you know, like I was talking about when I saw Gary play Midnight Rider. There's something live.”

    Charley·37:28
• $OUTDOOR - Outdoor advertising, particularly billboards, may present opportunities for value as the economy recovers from pandemic-related downturns.

  • “We bought a billboard in Silver Lake and in Times Square. Right? Static traditional static billboards for, like, 80% off because nobody was buying shit. Not a single other billboard over the course of, like, a nine months or a year in those neighborhoods changed.”

    Joe·2:28:35
• $AI - There is cautious optimism about AI's potential to advance civilization and its transformative capabilities across various sectors.

  • “AI, in best case scenario, helps us achieve that. And we're we're close. We're probably a lot closer to that than we think.”

    Charley·2:47:13

Bearish:

• $MAJORLBL - Major labels and mainstream pop artists are perceived as lacking authenticity, potentially leading to a decline in their market value as consumers prioritize genuine artistic expression.

  • “Those pop artists just wanna take a picture standing next to authenticity.”

    Joe·1:34:11