In this episode of The Khanversation with Imran Khan, Imransits down with Tom Lee, founder of Fundstrat and a veteran strategist with decades of experience across market cycles. Tom shares his top five learnings from 30+ years in finance, from understanding the collective intelligence of markets to avoiding overreliance on P/E ratios. He discusses how execution, asset turnover, and structural themes drive stock performance, and why emotional discipline matters in investing. The conversation then dives into Tom’s early conviction in Bitcoin, its rise as a digital store of value, andwhere it could go in the next decade. Tom also breaks down today’s macroeconomic environment and explains why he believes the market has largely priced in risk.