Saw this video today. Sucky was, without a doubt, one of the most entertaining members. He definitely had some great threads.
Too bad I don't understand spoken Portuguese. The automatic subtitles kinda help (they're not perfect thou) and I have a grasp of what's going on.
- SMM introduces himself as a chess player with a Guinness record for playing blind against a bunch of other players.
- He mentions he's the autor of several papers in finances, education, technology, etc.
- He introduces an AI for automated investment called Saturno V.
- He claims a annual ROI of 46% on average.
- He asks for 500k reais (USD 124k) for 10% of the "company".
- The sharks don't understand how his system works.
- The 2 women seem to think he's a bullshitter and ask a lot of questions.
- One of the sharks calls him out because
the CMV (Exchange and Securities Commission of Brazil) banned SMM from managing other people's money in 2013.- SMM reponds by saying that he's just selling part of his investment software, therefore he's not violating the CMV norms.
- One shark offers the 500k reais for 25% of the "company". SMM counter offer is 10.09%. The shark says there's no deal.
- No one else is interested. They seem to think he's a cheat.