All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live
In a high-stakes live pitch competition, four elite investors presented their most compelling investment theses to a panel of All-In hosts and a live audience. The winner? Aaron Cowan’s bet on MGM, a company poised to capitalize on Japan’s upcoming casino market and Dubai’s potential legalization of gambling, backed by Barry Diller’s $48 bid and a 26% stake. Cowan argued that MGM’s true value lies not in Vegas, but in its hidden assets—especially a 2030 Osaka casino license that could be worth more than double the stock. Dan Dreyfus’s pitch on Talon Energy, a power producer with nuclear and gas assets positioned to supply AI-driven data centers, came in second, praised for its macroeconomic urgency and alignment with America’s need to rebuild energy infrastructure. Oleg Nodelman’s biotech pick, Actis Oncology, leveraged precision radiotherapy to target solid tumors with minimal collateral damage, while Kyle Simani’s GeoNet pitch showcased a decentralized, crypto-backed RTK network that’s already powering drones, tractors, and autonomous vehicles. Despite strong presentations, the audience and hosts ultimately favored MGM for its asymmetric risk-reward, clear catalysts, and downside protection from the Diller bid. The event underscored a growing theme: the most powerful investments are not just about technology, but about structural shifts in regulation, geopolitics, and infrastructure. The key insight?
MGM’s value is not in Vegas—it’s in its 2030 Osaka casino license, which could be worth more than double the stock and is backed by Barry Diller’s $48 bid.
Talon Energy is positioned to benefit from a 106-gigawatt power build-out in the PJM region over the next decade, with a 15x multiple on contracted cash flow.
Actis Oncology’s radiotherapeutics use mini-proteins to deliver targeted, precise cancer treatments with minimal collateral damage, de-risked by imaging verification and known targets.
GeoNet’s decentralized RTK network is growing 3x year-over-year, with 11,000+ base stations in 150 countries, powered by a token economy that returns 80% of revenue to token holders.
AI demand will turbocharge power shortages, but the real bottleneck is not AI—it’s the supply chain for critical minerals and the ability to build infrastructure at scale.
…and 3 more takeaways available in PodZeus
The Origin of the Best Ideas Pitch
The episode opens with a tribute to Ira Soane and the legacy of the Soane Foundation, which inspired the live pitch competition. The hosts explain their vision: to spotlight top-performing investors with proven track records who don’t get mainstream attention, creating a platform for bold, contrarian ideas.
Aaron Cowan: The MGM Bet on Japan and Dubai
“If you look at their presentations, which is really cool, they are not, they barely mention it. So one of the things we happen besides, we were hoping in one of the, so look, I worked at SAC and one of the things we focus on is Catalyst Path. So what was the Catalyst Path? The Catalyst Path was they would have an investor day, blah, blah, blah. Barry just showed his cards.”
Dan Dreyfus: Talon Energy’s Power Play for AI
“We do not need AI demand to keep the power markets incredibly tight for the next 20 years. AI demand just turbocharges. That's all it does, and it creates shortages.”
Oleg Nodelman: Actis Oncology and the Future of Cancer Therapy
“The company has designed a platform that can carry any radioactive payload, is complex enough to go after a variety of targets and small enough to clear your body with minimal side effects.”
Kyle Simani: GeoNet’s Decentralized Geolocation Network
“The GeoNet network started about four years ago doing this. Today, it's now the largest, fastest growing in the world by a pretty wide margin.”
“This is an Asian casino play that if you look at their presentations, which is really cool, they are not, they barely mention it. So one of the things we happen besides, we were hoping in one of the, so look, I worked at SAC and one of the things we focus on is Catalyst Path. So what was the Catalyst Path? The Catalyst Path was they would have an investor day, blah, blah, blah. Barry just showed his cards.”
“We do not need AI demand to keep the power markets incredibly tight for the next 20 years. AI demand just turbocharges. That's all it does, and it creates shortages.”
“I feel about crypto exactly the way I do about snowboarding, okay? I'm not a very good athlete. I've spent a lifetime learning how to ski, and I'm okay. And just the idea of getting on a snowboard, having thousands of hours of ski instruction. You don't want the pain for the gain.”
Hosts
Guests
MGM
organization
Talon Energy
organization
Actis Oncology
organization
Oleg Nodelman
person
GeoNet
organization
Aaron Cowan
person
Dan Dreyfus
person
Kyle Simani
person
Barry Diller
person
EcoR1 Capital
organization
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