Go to the 20:00 mark to hear the brother preach...
Prognistication #1: 2015 will be the year of the recognition of the power of the blockchain. Instead of focusing ad nauseum on the price of bitcoins, payment systems and other "red herrings". The Bitcoin protocol is analogous to the coming of Internet 2.0
#2: An equity correciton is in the cards, likely to be followed by a real estate correction. increasing prices without increasing revenues, earnings and economic activity is bad for fundamental equity performance.
#3: Those companies that have taken advantage of cheap money for stock buybacks will give their investors a negative surprise as the markets correct when interest rates rise, reality rears its ugly head and those monies spent appear to have evaporated vs being spent on something truly contructive.
#4: Imagine how valuable IBM would be if they spent $108B on R&D vs. stock buybacks! Imagine real value creation vs expensive prestidigitation through financial engineering and 3 card monte. Tell me, could this man be the CEO of IBM? The share buyback game is not much different, my freind. Not much at all.. For those who don't know how the share buyback/monte game works, the real con man is in the audience allegedely winning, the dude shuffling the shells is the distraction. Keep that in mind when you think you're making money by investing in a company that spends more money buying its stock than investing in its own business.