The hosts of Dumb Money discuss the viral toy trend, Labubu, and the company behind it, PopMart. Chris shares his bullish investment thesis, highlighting PopMart's potential as the next big toy trend, drawing parallels to Pokemon and Lego, and emphasizing the company's high profit margins and appeal to a female demographic. Dave expresses skepticism about the company's valuation and the sustainability of the trend, while Jordan is intrigued and has invested a small amount. The conversation also touches on potential risks, such as Chinese government regulation and the impact of influencers. Additionally, they briefly discuss the potential for a world war and how Trump's actions could affect the market, with Chris revealing he has bought war puts as a hedge. They conclude by discussing strategies for managing risk and the potential for flipping Labubu during the holiday season.
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