Becker Private Equity & Business Podcast
SoundHound & I’m Sick of Hearing My Friend Brag 2-13-25
Thu, 13 Feb 2025
In this lighthearted episode, Scott Becker discusses his friend’s success with SoundHound’s 500% stock surge and the unexpected pleasure he feels watching the stock drop 30% this year.
Chapter 1: What is the main topic of this episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. Thrilled today to come to you ranked number two in the country under Apple Business News Rankings for Business News Podcast, right behind the Wall Street Journal podcast, but right in front of a lot of other Wall Street Journal and Bloomberg podcasts, so God bless that.
Chapter 2: What recent success did SoundHound experience?
Today's discussion is SoundTown, and I'm sick of hearing my friend brag.
Chapter 3: How much has SoundHound's stock increased?
so so here's the discussion soundtown over the last couple years it's an ai company that does does talk and so forth has really skyrocketed it has just been a home run and and one of my friends who will remain nameless cannot help but constantly telling me how much his stock that he invested in soundtown has hit it out of the park over the last year
Chapter 4: What are Scott's feelings about his friend's success?
It's literally up 500% over the last year, 496%. And I can assure you, I got nothing that's up anywhere near like that over the last year, at least since I've invested in it. So SoundTown up 500% in the last year. Now, here is the great pleasure today. And I don't want to cheer against my friend's investments.
Chapter 5: What is the current status of SoundHound's stock?
I want to make sure he does great and he's successful and his family's well taken care of, you know, and all those things. But the only plea I take is that SoundTown, after it's been up 500% since he invested in it, is down 30% year-to-date. Now, I know that's so childish of me. It's like praying for one of my friends to miss a putt when he's playing golf with me.
It's absolutely horrendous manners, and it hurts me that I'm that low a person And I'm sort of pleased to see my friend's stock go down a little bit, but he's made so much money that I don't feel that bad. And I'm also pleased once in a while to see some of my friends miss their putts. And I know that's childish as well, and it makes me a bad person.
The other thing I will say in defense, in defense to all this schadenfreude type view of this world, this joy in seeing them take a little bit of it on the chin, is two things. Astero Labs has been one of my best performing stocks. And of course, as I look at SoundHound down 30% year to date, Astero Labs is down 33% year to date. So even my winners was more than his winners lose.
So that's no good. Second is, I've been missing putts like I get paid to miss putts. You would think somebody's giving me $100 a putt by how much I'm missing close putts. So my stock picking is bad. My putting is bad. But I'm just glad to see some sort of like misery-loving company to see SoundHound fall just a little bit after it's been up 500%.
And remind you, this is the same friend who invested heavily in Tempest AI before it went on a huge run. And I forget the third stock that he invested that went on a huge run. So I don't feel so bad for him. He's cleaning up. He's cleaning up. We're trying to get by and he's cleaning up. And in terms of the missing parts, well, it is what it is.
Some of my buddies aren't missing parts at nearly the pace that I am. And that does irritate me. But what am I going to do? Thank you so much for listening to this podcast and sound hound and my buddy bragging. Thank you for listening to the Becker Private Equity and Business Podcast. Let's hope it recovers. Let's hope my friend makes some putts.
But more importantly than his stock recovering and my other friend making some putts is me making some putts and having some of my stocks go up too. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very much.
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