Andrew Schulz's Flagrant with Akaash Singh - Mark Cuban Exposes Donald Trump, Diddy Parties, & Big Pharma
Episode Date: October 2, 2024YERRRR, we had to get the Big B Billionaire Mark Cuban on the pod to help break down what's the beef between him and Trump, was he at any of the Diddy parties, why he HAD to leave the NBA, & much much... more. INDULGE 00:00 Intro 1:10 Cuban never went to a Diddy Party + dodging Epstein bullet 3:14 Cuban’s Trump criticism + helping those around him 8:12 Cuban is still anti-establishment 10:15 Mark doesn’t want to be President 12:47 Why did Cuban sell the Mavs? 17:52 Getting out before the bubble burst? 19:26 Shark Tank, Best deals & Biggest loss 22:23 The new Tech age 23:36 Cost Plus Drugs ethos 28:45 Old man health segment 31:20 Cuban could have got Giannis 32:52 Luka is a better player than Dirk 34:30 How did Cuban impact the Mavs? 39:00 NBA resisted + Cuban was the disruptor 40:24 Republicans Cuban Respects + Gov. bloat 46:02 Bill Clinton is that guy + Trump’s is biggest F U 51:00 Trump’s actual track record 54:57 Trump’s Tariffs policy are DUMB 1:04:31 AI creates jobs + Nuclear Island 1:06:24 Americans are p-ed off + no leadership, no trust 1:09:07 Kamala’s character will lead to a better place 1:11:10 Don’t expand Supreme Court + need term limits 1:14:53 Rebuilding American confidence 1:19:26 AI, Musk can be GREAT + Access to anybody 1:28:11 Vision + Execution separates the greats 1:30:35 Trump’s successes are from his Dad 1:34:42 What’s Cuban’s Super Power? 1:36:11 Disrupting the Health Insurance Industry 1:40:28 Shorting companies + you can’t just cut 1:42:50 Cuban University incoming? 1:47:08 How to fix inflation? 1:55:22 You NEED to increase wages 1:57:52 Biden = awful at selling + Kamala growing into role 2:04:16 Biden failed on the border + How do you deport properly? 2:13:43 Climate around politics, Legacy + Sports team 2:18:18 What brought Cuban to Dallas? Lifetime pass 2:22:34 Andy Beal, BE a learner + Dana White is a BEAST 2:33:31 Advice for entrepreneurs + LUCK 2:37:40 Yahoo deal, Stocks + Business is a sport 2:43:10 Cuban been nominated for Oscars + Sharknado 3 2:45:35 NBA Championship + SUPERSTITIOUS 2:49:55 Coolest moment + Real chance this year 2:53:57 New CBA incoming + Travelling is fun
Transcript
Discussion (0)
Do you want to be president?
No, I just don't want to put my kids through that shit.
You don't think Barron Trump and NYU are just mopping up strange?
That's what his forum room sounds like.
I'm just saying your kids are going to be good.
I hear you, no, but we don't want to have secret service around them all the time.
So Barron made me kid, but there's some dude back there going,
fuck!
I'm not saying Kamala is the strongest leader.
So there's a lot of things I disagree with her on, but I think her heart's in the right
place.
To young entrepreneurs or business owners, what advice would you give them to either
scale or look for investors?
Don't.
What do you think the general feeling of Americans is?
Pissed off.
About?
Everything, because everything's a fight.
There's no facts we agree on.
How do we fix inflation?
Inflation is fixed.
The problem is the prices that are already up are already up.
Donald Trump's going to put himself first.
You talk about what happened before.
Every single thing he's done.
Those 44 cabinet members who came out against him,
they didn't say we disagreed.
They said he was unfit for office
because he did shit for himself.
Luca or Dirk?
Well, what's up, everybody?
Welcome to Flay Grant.
Today, we are joined by an incredibly illustrious guest.
I'm very excited. I know the boys are very excited.
Dreambusters.
We got Big B Billionaire.
Big B Billionaire.
NBA champion.
Created the internet.
Okay?
Created streaming.
Created messages that go away,
created the baby oil at the ditty party.
It's Mark Cuban here!
Okay, Mark, okay, okay, okay.
So first question is, have you been to any ditty parties?
We need to ask all our billionaire friends.
Absolutely not.
Epstein's Allen?
No.
That was a hesitation.
No, because I didn't put Epstein, no, absolutely not.
Yes, yes, yes. So it's so funny when all that shit happened with Epstein, like, because, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, he didn't email me. But some dude that was kind of sketchy said, hey, I got this guy I want to introduce you to,
Jeffrey Epstein, he does all this money management and stuff.
I'm like, nah, you know.
Smart move.
Thank God.
But if he sent you,
I've got a 17 year old Eastern European,
you'd be like, is his name Luca?
Oh yeah, no, I'm like,
I know what direction you were going.
Nail or feed? Nail or feed? Play with balls, don't know what direction you were going. Nail or finger?
Nail or finger.
Play with balls.
Yeah, right.
Yeah, so but Diddy did, I did do business with him in 2002,
I think it was, where somebody that knew him connected him
to me and said, hey, would you be interested in having him
design a Mads jersey?
I remember the Shon-Don jersey.
And so I was like, cool.
And he didn't do the actual work,
but we had the jersey and that was it.
This is when we all loved Diddy, though.
Everybody loved Diddy until about two months ago.
Yeah.
And like, this is Sean John.
This is Sean John.
Yeah, silver jersey or something, right?
No, it was green.
It was like straight up green, but they were bad ass.
The shiny, shiny jersey.
But I've met him twice.
So you're clean.
I'm clean, right?
I never saw him on the illegal baby oil market.
Nothing.
It's the illegal baby oil market.
Nothing.
Here's the thing that I'm so interested about you, right?
Is because I feel like, and I don't know what
it's like in your position, but I feel like up until election
time, you are everybody's favorite billionaire, successful.
I don't want to say rags to riches, but like really self-made.
Like, you know, and you are smart enough to know that if you
get political, half the country goes, you know what?
Fuck that guy.
Yeah.
Right.
Yeah, for sure.
Why put yourself through it?
You made all the money.
Yeah.
You did everything.
Everybody is basically, up until a few months ago.
I don't want to say everybody, but a lot of people are like,
conservatives are like, he's a businessman. He's smart. He'd be a good president.
Liberals are like, he seems to care about people.
All his employees tend to be like fucking millionaires and shit. Like,
I think he, I think he'd be a good president.
And then you go in on Trump and Elon. Why?
I mean, because I care what happens to this country.
I've known Donald Trump for 25 years.
And if he were sitting here, I'd cut it up with him.
I don't care, right?
I wouldn't want to do business with him again.
But I don't have a problem with him as a guy,
but I know how he does business.
He did piss you off many years ago.
I watched you on Letterman.
Yeah, well, I like to fuck with him, right?
It's just like Elon.
It's not like I have anything personal against him. But if somebody's at a certain level, if they're gonna fuck with me, because he would tweet with them, right? It's just like it's like Elon It's not like I have anything personal against them
Yeah, but if somebody's at a certain level if they're gonna fuck with me because he would tweet at me do it
I'm gonna fuck with him right back, right? Why would I not and so and it's the same with Elon it but like but the bigger
Picture is I just don't think he was a very good president then
I don't think he'll be a very good president again
And that's it in a nutshell like if he didn't run it like okay so backstory right like I did this movie sharknado 3 yeah and I played the president in
sharknado 3 but they offered it to Donald Trump first and he couldn't
schedule it if he had scheduled that the world would be a different place
because it would be able to be it would be doing all that shit right and see
what he played because we filmed it we know we already we filmed it right
around the same time that he was doing all the stuff that come
down the stairs and everything.
And so who knows what would happen.
But I just, to me, character matters, right?
The type of person they are.
And I know people he's ripped off.
I mean, Trump University, Trump Soho, that shit matters to me.
And you know, it's not just about policies, it's about who the person is.
And so again, like if he was here and we were just shooting the shit, telling stories, yeah,
you know, we'd cut it up, but not as president.
And can you break it down for some people who might not know Trump Soho, maybe?
Yeah.
Just one of the scandals.
Yeah, I mean, so like Trump University.
It's a Dominic O'Toole.
Can you let him do it?
I don't understand what you're doing.
I don't even know what they changed it to. Right. The Dominic. Yeah. Yeah.
And so I know I love that place.
So he was, he lied about the value of condos in that building and people
bought them. And so he does that.
Trump university said, give me these thousands of dollars and come and show up to these,
not even classes, but seminars or whatever.
And you'll learn all about real estate and you'll meet Donald Trump.
Well, the Donald Trump you met was a big cutout.
Right.
You know, and so.
What's more valuable, that or like a feminism major at Berkeley?
Barnard.
I might go for the Trump University.
There might be some information that we can learn from that.
So to his point, the real estate thing, that seems like we are told that's just something
rich people kind of do.
Fuck no.
Inflate the value.
Can you explain why you have an issue with that?
Why there might be a problem?
Look, like, if I have to, if I'm doing a deal, I'm telling you the truth.
What do I have to gain by lying?
You could be so much more wealthy, dude.
It sucks you only worth a few billion.
You're so ethical.
No, that was back in the day.
It's more than that.
Oh, you got it now?
Okay, Mark!
Okay!
You'll prove it.
Give him 50 million.
I don't care if you're shit that small.
Okay, you can give me more.
Fuck it. That's a million. I don't care if you're shit that small. Okay, you can give me more.
Fuck it, that's all right.
No, you get it, right?
Do you ever wanna do that though?
Isn't that kind of funny?
Like you ever see like a guy on the street
like pushing a stroller and you're like,
man, you need to be a millionaire.
I'm like, yeah, so.
But do you ever do that?
And you're like, all right, I'm gonna give that guy
a million dollars to change his life.
No, I mean, I've done shit for people.
And like, yeah, there's like a couple of my guys that I grew
up with or that I got to be close with that are down and out looking.
You do it as a loan, right?
Just to set it up.
They pay me back a hundred bucks a month or whatever, but yeah, over a million dollars
to some of them because those are my guys.
Yeah.
Wow.
Yeah. You didn't just give them the money,
you still gotta pay you back.
Yeah, I said you gotta pay me back.
What the fuck?
You don't get rich, you're giving away money, bro.
That's a good point.
You know what happens, I said, just this one time.
Right, just this one time.
Because I think they're gonna pay you back,
and then it gets uncomfortable, then it's like fuck it.
No, really, 50 million, just this one time.
Just this one time, right? I'm never gonna do that. Just the tip, like, fuck it. Really? 50 million? Just this one time. Just this one time. I'm never gonna ask you for another fucking penny again.
Just the TAPI, I know.
You haven't been a dick-butt.
Okay, all right, so this is something I think I was caught up in narrative.
I think a lot of times when you're just looking at headlines on the internet, you're just
looking at Twitter, right?
When things got political around the election,
especially with you,
and you started going at Trump and Elon,
my interpretation, I'll be honest with you,
I was like, did he become some democratic operative?
What, because I always knew you as the rebellious guy,
like disruptor, you're the most fined owner in NBA history,
you come in, you're gonna do whatever you want, it's gonna end up working out, you're the most fine owner in NBA history. You come in, you're going to do whatever you want. It's going to end up working out.
You create these companies that disrupt. You start streaming. Literally.
I don't even think people realize that. I know it's still, I researched this.
And then I see you going after Trump and Elon and I interpret it like,
ah, I guess he kind of folded. I guess he became like the traditional billionaire.
It's the exact opposite. Right?
You got a former president who lies his ass off and talks shit.
Like someone said gangster, right? He's just gonna do his thing. Then you got the richest
motherfucker in the world. I mean, what's more anti-establishment than fucking with those two?
That's interesting. So when you're a billionaire, the only other people you can be more powerful
or more rich. Who else am I going to fuck with? More powerful or more rich?
Who else am I going to fuck with?
I'm not going to pick on other people just because.
What's the point of picking on people just to pick on them?
Oh, you're just bored.
No, it's not that. It's the right thing.
On Trump, I just don't think he's
a good president.
If he didn't run for president, I wouldn't fuck with him.
I wouldn't care.
We did have this back and forth with him. I wouldn't care. Right? Now, we did have this back and forth, like on Twitter, like I don't golf, right? I've golfed once
in my entire life. It was customer golf and I was like throwing clubs, all the bullshit,
right? I'm like, that's a bad idea. And so he like tweets, he's shit like, I saw him
golf. He hits like a girl. I'm like, I don't fucking golf, right? You know, it just, he
does bullshit stuff and just lies his ass off. And so it's just easy to fuck with them. And it's just fun to fuck with them. And the fact that he's
running for president doesn't change any of that. I mean, that's just who he is. He lies his ass off
all the time. Do you want to be president? No, I'm dying for you to be president. No, man. 2028,
your kids are grown. Let's do it. Never. Never. Never. Never. Okay, question. Do you have too
many skeletons in your closet to be president? No, I just don't want to put my kids through that shit.
You know, I just, I mean they're 15, 18 and 21 now. Yeah. And you see all the shit that people get. Yeah. Yeah.
They're grown but you still don't want to put your kids through all that. You don't think
Barron Trump and NYU is just mopping up strange? He probably is. He's closing deals. He's like, we had a family vote. That's what his form room sounds like.
You know, just your kids are going to be fine.
I'm just saying, your kids are going to be good.
I hear you.
No, but we had a family vote for real.
Really?
What was the number?
They all said no, it was four to one.
I was the one.
They said, you know, I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one.
I'm going to be the one. I'm going to be the one. I'm going to be the one. I'm going to be the one. I'm going to your kids are gonna be good. I hear you, no, but we had a family vote for real.
Really?
What was the number?
They all said no, it was four to one, I was the one.
Yeah.
Wait, they said yes and you said no.
They said no.
They got one vote.
Okay, so you did have aspirations at one point.
I was curious, right?
We had the conversation at the dinner table, like they don't want to have Secret Service
around them all the time and all that stuff, right?
That's not a life.
Yeah.
They don't want to have to deal with having somebody there all the time. So Barrett made me get stuff, right? That's not a life. You know, they don't want to have to deal with, you know, having somebody there all the time. So Barrett made me get there, right? But there's
some dude back there going, I only got to listen to Barrett because I'm pissed. He's reporting back,
he goes, now he's still going. Oh, that's okay. That's fair. I do think that that is,
Oh, that's okay. That's fair. I do think that that is
That is the selfless decision, of course
Like I just wouldn't be good at that shit, right? Just like all the ceremonial stuff you have to go through. Yeah, and just I just that's just not me
I'd be just like fuck it. We're doing it this way. No, you gotta go through Congress
Yeah, it's just that's the thing where I feel like's difficult for business owners, because it is a different skill.
Totally different, totally different.
Now, your goal is to handle to eliminate bureaucracy,
and government is nothing but bureaucracy.
Yeah, I mean, look, you can say, OK, I'm
going to cut back like Elon's done, right?
Talks about, and that's cool, right?
I'm all for that, but you still got to follow all the rules.
You can talk all you want about, oh, we're just going
to cut this and cut that.
But it don't work that way.
Once you own a team, though, and then once you're in real estate, aren't you like a pseudo
politician?
Like in order to get things done, don't you have to do the schmooze a little?
Don't you?
I never did that shit.
That's why I got fined all the time.
I didn't give a fuck.
But what about from the city or when you're trying to get a new stadium built?
When you're trying to...
They built it before and I sold to a guy who will do it.
Right.
That's one of the reasons I sold most of the team because I'm just not good at that.
To compete now with the new collective bargaining agreement, you see all these teams building
real estate and casinos and all these big real estate empires.
That's not me.
I'm not into real estate.
Like when it was tech and media, golden.
That's my competency.
Yeah.
But to go build shit and put up, you know, a billion dollars or two billion or have to
borrow.
No, man, that's not me.
And that just doesn't fit me.
And then, then going back to my kids, like, imagine you're 15, 18 and 21 now.
And like in 10 years, it's like, okay, do I have to take over the family business?
It's a lot of pressure.
It's a lot of pressure. And you see different, you know, okay, do I have to take over the family business? It's a lot of pressure. It's a lot of pressure.
And you see different teams where the kids just take over.
It don't always work out.
And those kids aren't always real happy.
And particularly like when you're my kid, I mean, you know what it's like, right?
People know who you are and they know your kids and they just have certain expectations.
I want them to be themselves and do their own thing.
And it's not like if I don't do it, I'm not gonna have fun or do shit I like to do.
I get to do more of it.
Yeah.
Yeah.
Yeah, that makes sense.
You said something interesting about the teams are building casinos.
I didn't know that.
I understood that that was part of the idea behind the sale to, what is it, the Adelson's?
Yeah, the Adelson's, yeah.
And they own the Sands in those buildings?
Yeah, they run Bally's, thenands. They own sands run sands corporations
Okay, so but is that other teams are doing and this is just like a way to monetize the team in different
Yeah, I mean, you know, you've got Boston who's building a whole real estate thing Sacramento did
See if Golden State did you know the idea is you buy the area you buy all the land around it
Yeah, you build all the real estate up around it
and you make more money off the real estate
than you do off the team.
Ah.
Because now.
McDonald's model.
Yeah.
But what's interesting is you can really develop an area,
like any place where.
Yeah, because you know there's going
to be a ton of people going all the time.
So you put stuff all around.
You have restaurants around there.
You have bars around there.
That's OK. And is that because, is that just because they're trying to squeeze more money or is that because with the new CBA you have to?
The owners have to pay out some yeah, it's just cost more right there
There's the new TV deal that pay a bunch of it
Yeah, right, but in order to get it's like an arms race right because there's always new technology
There's always new stuff contracts are going up
You don't know what's going to happen to ticket prices.
If something happens to media, right, because media is all ups and up and down.
So even with the new TV deal, 10 years from now, five years from now, whatever, things
could be upside down.
And so if you build all this shit, you got to cover it.
Guys, life tour.
Here are the remaining dates for the tour.
We got Minneapolis and we got Milwaukee.
Then we got Denver, we had a third show. Cincinnati. We had a second show. Rama, Ontario, Salt Lake City. We had a second show. Reno. We had a second show. San Jose. We had a second show. Portland. And then we are wrapping it up. December 21st. Honolulu, Hawaii.
announcements very soon about special filming.
So very excited to share that with you guys. That should be maybe even as soon as next week.
Anyway, I appreciate you guys so much, man.
It's been a crazy tour of my life.
Love y'all, The Andrew Show's.com for tickets.
Let's get back to the show.
All right guys, let's talk some shows.
First of all, everybody in India Junior,
by which I mean New Jersey,
I told you all these shows would sell out in advance,
October 17th through 19th.
We sold out all five shows a month in advance, but we're adding, we decided to add another show.
Thursday late show, I believe as of now. Double check the website. Probably gonna be 9.15, but get those tickets. Also October 10th, Poughkeepsie.
I'm doing a little one-night gig trying to work some shit out. That should be fun.
October 25th and 26th, Richmond, Virginia. November 1st and 2nd, Lexington. And also, quick announcement.
I am going to be joining FanBasis. Richmond, Virginia, November 1st and 2nd, Lexington. And also, quick announcement,
I am going to be joining FanBasis.
It is a website where I'm gonna get picks from betters.
Like professional gamblers are gonna give me picks
that you could use on stake,
but you're gonna get the picks from me
who got them from somebody who knows way more than me.
And more importantly, we're gonna talk sports.
So if you miss Sports Talk, like I do,
let's just come chat a little bit.
We'll do some live streams, we'll have some fun,
we'll talk some shit, we'll form a little community.
I think Akash Betts is the Instagram,
but either way, I'm very excited about this.
Hopefully we make y'all money.
We'll definitely help you lose less.
You can't gamble for shit on your own.
But check that out if you can.
Either way, I love you guys.
Let's get back to the show.
New York City, Stanford, Connecticut, Pottstown, PA.
That's right, I am coming to all of those cities.
I got shows coming up in the next couple months.
New York City tonight, October 2nd, Mary Lou.
I'm doing a monthly show that'll become a weekly show.
It's the hottest show in New York City.
Amazing food, amazing drinks, the best comics in New York.
A lot of times guests that come on the show,
they'll probably end up there on the Wednesday night.
Check it out in my Instagram description. You can get links right there.
Stanford, Connecticut on November 13th and then Pottstown, PA on November 8th.
I'm sure you're wondering, Mark, why are you talking right now? You're not on this episode. You're not even here.
That's right. I'm not here. I'm in the woods, all right? I'm deep in the woods, in my tent.
But I have really exciting news to tell you guys. That's why I'm not the woods, all right? I'm deep in the woods, in my tent. But I have really exciting news to tell you guys
that's why I'm not on this episode.
I'm so excited to tell everyone what's going on.
It's gonna be really, really cool.
But we'll talk about it in a couple of weeks.
Let's get back to the show.
So to that point, you got out of Yahoo,
you made your money getting out of Yahoo
before the bubble burst.
Is that part of the rationale behind selling the team now
for the bubble burst team?
No, man, no.
No.
No.
No, I promise you, no. No. The deal is done. No. The deal is done. Sell, man. What a bubble burst. No, I'm telling you. No, no, no. No, I'm telling you. No, no, no.
No, no, no.
No, no, no.
The deal is done, the deal is done.
Sell, sell.
No.
No.
I mean, how much higher can the TV money go?
That's like a question I have.
That's, there's that, I'm sure this is a fabricated story,
but the, was it JP Morgan or something?
People have described it to a bunch of different people,
but like the guy who was shining his shoes
was telling him what stocks he was buying.
And then this is in like 1929,
and he went back to the office, he's like,
sell everything, there's nobody left to buy.
Right, because the shoe shiners, yeah.
So the second you started selling?
That was in 2000, that was the thing, right?
But no, not now, no, no.
It's just like, if I was 20 years younger,
it'd be a different story,
because then I'd have time to learn,
and I didn't have the kids and all that stuff.
It's just, I wanna spend time with my fucking kids
yeah right they're at that age now where it's why I left Shark Tank because we
shoot Shark Tank in June and September and that's right when they're getting
out of school and going back to school I you know two of my kids birthdays are in
September and so I was missing that shit yeah and so I you know now it's just
like leave us alone dad we know we know, we know. My son, 15, he goes, I need to breathe, dad.
I need to breathe, you know?
You know what's fascinating?
No matter how cool or rich you are,
your kids are still going to be like, oh, go on.
Fuck you, dad.
Yeah, fuck you, dad.
So that's just like, you can't get that back.
You cannot get that back.
Yeah.
The rejection.
Yeah, it is.
Yeah, the rejection.
Yeah.
It's insane.
What about the, this is a random question, but like, how many of the deals on Shark Tank
do you guys actually like end up going in business with?
Probably for me, for the first 12 years, for me it was like 70%.
Oh wow.
So after they present, you offer them?
Whatever, and they say yes, then we do due diligence,
right?
So you get to go through to make sure that they're telling the truth.
Right.
So like 30, 40% give or take are full of shit.
We don't have any debt.
You have 200,000 on your credit card.
Oh, it's credit card.
It's not real debt, right?
Just bullshit stuff.
It can get past those guys.
It costs us a buck to make this widget.
Then you go in and look, wait, it cost you five bucks.
Well, if we make a million of them,
because we think, you know, it's just bullshit, you know?
And so they don't close for that reason.
But now the show's gotten so big,
people have like watched all the episodes
and figured it all out.
So they figured the game out.
And so now they go in and say all the right things.
And then they don't even do to due diligence, right?
They're like, fuck it, I don't care.
You know, I don't need the investment.
They're going on for the promo of the show. It. Yes. There's multiple products. I've looked up
people in, but no, but none of you guys invested, but that looks good. I'm going to look that up.
Yeah, for sure. Yeah, for sure. Is there anything that you made insane money on from Shark Tank?
Yeah. Have you all heard of Dude Wipes? Yeah, we have them here. Yeah. Yeah. Dude Wipes killed it.
That was your biggest. No. Have you heard of Beatbox Beverages? Yeah. That was big. Yeah. Yeah. Dude Wipes killed it. That was your biggest?
No.
Have you heard of Beatbox Beverages?
That one has not.
That's big.
Yeah.
No, it's big on college campuses and killing it.
Right?
So I gave them a million dollars for 33% of the company and I've been diluted now, but
they just did a fundraising at $200 million.
Wow.
Beatbox Beverages, I mean, Dude Wipes will do 150 million in revenue this year.
I think I gave them 250 grand for 20% of the company
and they're worth a couple hundred million now. So no, I'm good. I'm straight. Now I
haven't turned that into cash, but yeah, on an evaluation basis, I'm good.
What is the most money you've lost on something?
That's a great question. I think I lost like I had this company motion loft and the guy like stole money from it and ended up going to jail.
I think I lost 15 mil on that till.
Wow, you put 15 mil cash.
Yeah, it was over a period of time.
Yeah, 15 and that's the most you've ever lost.
Yeah, pretty much.
Yeah.
Why am I like that's not that much?
It's a lot.
No, but like I'm saying for me, someone's dying.
Yeah, right. No, but for you. No, it's a lot. But, but like I'm saying for you, for me, someone's dying. Yeah, right? No.
But for you.
No, it's a lot, but that's probably the most.
No, it's probably like, I had one for eight million.
The ones where I've really gotten killed,
somebody fucked up bad somewhere.
Someone stole?
Yeah, someone stole.
There was corruption within the company.
Yeah, yeah, yeah.
Was there ever something where you,
because I think you've been good in terms of like,
there's two, I have time periods of tech, I feel.
Maybe there's multiple and I'm not being nuanced enough, but there's two time periods of tech, I feel maybe
there's multiple and I'm not being nuanced enough. But
there's the initial one, right, which you cashed in on right
before the bubble. Yeah, yeah. And then there is the app. Yeah,
then internet apps. AI. Oh, and maybe as a third. Yeah. Your
first wave. Are you and your other
cohorts that are first wave, do you look at these next
people as like the young rugrats trying to make it?
Yeah, kinda.
Do they see you as like the OGs?
Yeah, all the time.
You know, but to me that's motivation.
So, you know, the businesses I'm in
is like CosplusDrugs.com, whatever.
I'm like, okay, used to be the young dude walking in the room.
Now I'm the old dude walking in the room.
I'm going to prove to you I'm going to kick your ass.
Is there anything about this young group of Silicon Valley people that you're frustrated with?
There was a guy on Sharting. I've read the name.
No, because I never really cared about Silicon Valley.
A lot of shit got done there, don't get me wrong, but that was never where I liked to work.
To me, the tech bros and everything, they had their own draw.
I like Silicon Alley, right?
Here in New York, that was better.
What was going on in Dallas was better.
Chicago, just because there's normal people.
The people in the Valley just have this, like we're the shit.
But you didn't need the developers?
You didn't need the brains?
No, no, there's plenty of brains elsewhere and it was cheaper and easier and better. Like we did, you know, cost, every company I've done has been out of Dallas.
Really?
This is the pharmaceutical one.
From broadcast.com to HD net to, you know, cost plus drugs.com.
The cost plus drugs thing is interesting because like you'd figure that like they, you would
have been like, suicided by now.
Yeah. For trying to go out to pharmaceutical companies.
Why is that not happening?
Don't give them my deal.
Profile, right? I'm not some dude that just high.
Kill you then it's obvious.
Everybody knows what's going on, right? You know,
and they'll talk shit about me and that's cool. But you know,
if a company that does a hundred billion dollars in sales is shit about me, and that's cool. But if a company that does $100 billion in sales is talking about me and my little company
that just started two years ago, basically, you know you're fucking with them, and you
know they're fucked up.
And that's what's been happening.
So what's the idea of the company?
It's really simple.
If you ever got a prescription, the doctor says, OK, you need X. What pharmacy do you use?
They don't say, can you afford it?
Here's the cost.
No, nothing, right? You find out at the pharmacy or through your
insurance company or whoever pays your copay or whatever. And so, we said, look, it's an
opaque market. There's no transparency whatsoever. And because of that, people get ripped off.
Patients get ripped off. Insurance companies rip off companies. I mean, it's just really fucked up.
So we said, okay, we're going to create this website, costplusdrugs.com. You go in there and
you put in the name of the drug to Dillifil, right? I wanted I know, now I know. Now I know, now I know.
You gotta put that out there. So now I know what we're talking about.
Wait, which one is the one that it pops up whenever?
That's sildenafil?
No, sildenafil, right.
One is the boner like whenever you need it,
and the other is boner now.
One is Cialis and one is Viagra.
Yes, which one is Cialis?
Cialis is Tadilafil.
Tadilafil.
Right, and yes.
That's your thing.
Cause you don't know when you're gonna fuck,
but you want to.
Let me just tell you this, right?
Let me just tell you this.
If you go to costplusdrugs.com,
costplusdrugs.com, C-O-S-T-E-L-O,
and you put in Tadilafil, right?
T-A-D whatever, and it comes up.
It does come up, doesn't it?
You can get 90 of them, 90 of them for about $9.90.
Wow. Ten cents a boner.
Less than M&M's, right?
That is crazy.
Crazy, crazy. So you have a choice.
You could put a little jar of M&M's next to your bed,
or you could put a little jar of Tadilafil,
Slodentafil, whatever it is next to your bed too, right?
The dudabides.
It seems like a no-brainer.
I guess you can only do this with drugs that are, what is it called when they're now in
the open market?
Generics.
Generics.
So we've got a bunch of generics.
We've got brands too, but more generics, right? But we can get the price really low on the open market. Generics, yeah. Generics, yeah. So we've got a bunch of generics. We've got brands, too, but more generics, right?
But we can get the price really low on the generics.
Because drugs have a time...
Yeah, you get them for 20 years.
OK, so that 20 years includes all the research, too, right?
Right, yeah.
So you research and develop the drug.
Maybe you have a five-year window where you can really make your money, and then after
that, generics pop up.
Opens up, right?
So it goes from $40 a pill down to $0.10 a pill or whatever now. Wow. Yeah and so it's great. Oh y'all are going to clean
up when I pick time windows up. Oh yeah for sure for sure for sure. But even like we have like 10%
of the market we've only been shipping for two and a half years. Wow. And for the boner bills.
10% is massive. Yeah yeah. I feel like it's not as big as it should be. Oh no because that's why I'm out
there talking about it because remember we've only been around two and a half years, and you get hems and all
that stuff promoting, but they're just expensive compared to ours.
So you just go to the doctor and you say, send the prescription to Mark Cuban Cost Plus
Drugs and it shows up in his little system.
And he says, 30, 60, 90, 360, whatever you need.
And then you see the price and we, you know, we put
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Are you on a statin?
Um, yeah, I don't have one, but yeah.
Do you take statin?
No, I don't need to.
Nothing?
No.
You didn't tell me you don't need to.
I got statin.
I got statin.
My heart half works.
Same.
What do you mean?
I got statin.
Synthroid.
Synthroid for thyroid.
OK, you got a thyroid thing.
All right, let's talk about that on the stuff.
Yeah, yeah, yeah.
But wait, what else are you on?
You got to be on some longevity shit. You're always billionaires want to live forever. No, man. There's what else are you on? You gotta be on some longevity shit.
All these billionaires want to live forever.
There's no longevity things you do?
Cap.
Come on.
No bullshit.
So, like, I take the Synthroid and I take a baby aspirin in the morning, drink some
water with it.
You know, when you get up to pee, that's when I take it.
And then...
We didn't mean all that.
You want to know.
You want to know.
You want to know. You want to know. You want to know. You want to know. Yeah. And then I'll take this cardio fitness class, right? And then, you know, I'll drink
this element tea that's got some sodium in it and I put a little honey in that. And that
gives me, you know, you're not on the peptides. You're not doing any of this good stuff that
all these
Studies that said they worked. What about a Tia that guy? Yeah, I subscribe to his stuff and he like but at the end of the day
He just busts his ass and works out a lot of watches what he eats and yeah, you know
So like I use this app called my fitness pal. So I write down everything I eat
Yeah, you know
So I had some caramel popcorn because I was starving on the way over.
And so I'll say 120 calories,
caramel popcorn, put it in there.
So as long as I just like watch what I eat
and just work out, then I'm cool.
You work out a lot though, right?
You're like an hour a day.
Yeah, I try to get my hour in.
Damn, man.
I thought you were gonna have like some cool
Iron Man shit that I had to learn about.
I did. I tried creatine, but then I looked like a Pillsbury dough boy.
Oh, it really changed your head?
Yeah, because you just hold water, right?
And then you just get bigger.
I get stronger, right?
But you just blows up.
Like everything blows up.
And so I was just...
What else have I tried?
You on a test?
What about testosterone?
No, no, no.
Like I would do HGH if there was something that said it was legal and it worked. I tried. You're not going to be on a test? What about testosterone? You got a little low teeth? No, no, no.
I would do HGH if there was something that said it was legal and it worked, but...
I would do that shit in a heartbeat.
Yeah, yeah, yeah.
Because it seems really good when you look at the fighters that use it.
At the Mavs, I did a test.
I probably needed it at 13.
I'd be fine.
I'd be fine at least.
You still need it now.
No, I need it now more than ever.
You're 5'6".
He really did.
They put him on that. Yeah, yeah. They created more than ever. That's what Messi used when he was here.
He really did. They put him on that.
They created like a super athlete.
Right?
Is that why you got the Euros?
Because you can start pumping them full of it.
Shoot them up. Dude.
Oh, here's a good one.
You guys could have got,
and there's so many of these Kodas with the NBA teams,
but you could have got Yann there's so many of these Kodas with the NBA teams, but you could have got young.
Don't bring that up.
Is that a hard one?
Yeah, yes and no.
This was 2013, I think, when he came out.
What was it?
12 or 13?
Yeah, 2012 or 13.
Okay, yeah.
Okay, so you had the what?
What pick was it?
No, we had like number 13, like right outside the lottery, but we also had Caproom.
And we had Dirk, and Dirk was 34, give or take.
And we're like, okay, this is like Dirk's end games, right?
And so I wanted to try to get a free agent so that we could cook.
Give him one more shot.
Yeah, at least, right?
And so I remember looking at the tapes of Giannis, and all we had were two VHS tapes of him playing
in the shitty little Greek league.
He got drafted what?
13, 14, 15?
But the GM at the time was high on him, right?
No, very much so.
Carlisle was a Virginia boy, so he liked Larkin and there was something there.
No, it wasn't even that.
It was just Shane was cool and we all liked him, but we would just trade it down just to save money for cap room.
Yeah, if Giannis Lasset did that pick, they'd have picked him.
Yeah, we would have picked him.
Oh, I thought Giannis went 15, then we had 18.
They had 13 trade backs to save money.
Trade it down. So there's 14 other teams that passed on him too.
Of course, but they're not sitting right here.
Yeah, that's true.
But I mean, listen, you guys did, you got to, did okay.
It turned out all right.
But if we had gotten Giannis, we wouldn to, did okay. It turned out all right. Yeah, everything kind of worked out.
But if we had gotten Janis, we wouldn't have gotten Luka.
Luka's now younger.
Yeah.
He's a beast.
Okay, yeah.
Let's rile up NBA Twitter.
Luka or Dirk?
Well, Luka's a better player.
Yeah.
Damn, bro.
Dirk said that like rookie year.
Dirk was like, this kid's better than I'll ever be.
Dirk is amazing.
He's the all-time best MAV. Yeahav just because we've won a championship with him and
who he is and what he did for the organization. But Luca can bring the ball up.
Dirk, you needed to get him the ball. You know,
and then he could go and do what he needed to do with Luca.
You just inbound the ball to him and he just does the rest. He's insane.
Yeah, he is insane. But if you had to pick one,
like if I had to start a team, I'd start with Luca. Then my second pick would be Dirk, of course.
But damn. Yeah.
And I've said that to Dirk.
What does he say?
He punched me.
Dirk is just...
Dirk is a badass dude.
He is such a good guy. Such a good guy.
But I am 1-0 against him in one-on-one.
Wait, how did you beat him in one-on-one?
It was contract year.
No, it was at Till Daniford.
My first year when I first bought the team.
You popped a couple of Till Danifords.
He said, Garney!
He got right into the wall.
Post up on this.
I'm like, okay.
Literally, so we were like, I just bought the team and I was out there shooting with the guys
and I was like, let's play one on one. And so I get the ball out first and he's not really guarding
me, but he's just, you know, and like hit a jumper. Okay. And you like fake layup. Next one blocks
the shit out of it. His ball. I'm up two. Oh, yeah. Goes by me. Bam on my head. I'm like, I quit. So two on my way.
I have a, I can ask you so many questions about basketball.
I remember being in Dallas when you bought the team.
We didn't really know who you were.
This billionaires buying the team.
There weren't that many billionaires back then.
And the Mavs were historically bad in the 90s.
As soon as you buy them, within a month,
they almost made the playoffs.
Next year they made the playoffs,
made the playoffs what, 12, 15 straight years,
whatever it was.
Did you do anything right when you got there?
What was it about your arrival?
I just walked in the door and I said,
shit's gonna change.
We're gonna try to win or you're gone.
If you're not into just working your ass off and winning,
you're not gonna stick around, so tell me now.
And I upgraded stuff like,
the first meeting I had with the team, there's a guy on the team named Gary Trent and Gary Trent Jr. is his son. And he goes, Mark, we go to places like Oakland,
California. We get there at two in the morning and we stay at these shitty hotels that don't have
room service. So now we're walking through Oakland, California, looking for a 7-Eleven
to get something. I'm like, no, that's not right. So we upgraded the four seasons,
upgraded the plane, did all this shit. I remember you upgraded the locker room.
Yeah. And so it was, okay, I'm doing my part. So you guys better step up. Yeah. And so we brought in
like coaches, player development coaches. Like back then there were four coaches. There
was a head coach, few assistant coaches. And when the guys wanted to work on their skills,
you brought in one of the assistant coaches. And I'm like, this is ridiculous. We literally
spent more money on training on PCs than we did for player development. So I'm like, I
told our coach Nelly, I'm like, go find some former Mavs, get 15 of them, one for everybody.
And literally that's what we did.
And so now every team has got player development coaches
out the ass.
And that was all because back then, we sucked so bad,
and I had to send the message, we're going to play to win.
Speaking of the NBA, obviously, you know this NBA season,
Nick's guaranteed to win a championship
with the new addition. Big purr.
No, you actually look good. Yeah, I think that's a good trade. I hate to say it.
Shout out A-Rod, still working for us. Yeah, yeah, yeah.
Once a Yankee, always a Yankee. So A-Rod owns the Timberwolves.
And he made sure that trade went through. I know.
Shout out the Timberwolves for being broke. We appreciate y'all,
for not having enough money to keep your players.
And no, we got a nice little situation going.
You do, you do, I hate to admit it.
I like it, I like it a lot.
Anyway, if you're gambling, obviously,
you're gonna do it with Stake.
Stake has got your back, they are the sponsor
of this podcast, so that's the one that we're rocking with.
And we know we're putting the house on the Knicks.
We are putting the house on the, I don't even believe that.
I don't even believe that as I'm saying it.
I am not betting shit on the Knicks.
I gotta see this chemistry first.
I'll put a rent controlled apartment on the Knicks maybe,
at best.
Shit, like a month.
Yeah, yeah, yeah. A month of rent.
Okay, yeah, yeah, yeah, yeah, yeah, yeah.
Rent controlled apartment in New York. So it's value of the last set right there. Anyway, what are you thinking? Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, probably the Knicks. I don't know if the Knicks could win at all. I don't think the Celtics could win with
What's it called? Jalen Brown's new sneakers?
Like he started his own sneaker company. Oh, yeah, that's never a good move. Which is never a good move. No, it's never a winning move.
Yeah, and you know shout out to Jalen Brown. He's an incredibly talented player. I hate this.
I think y'all could make it out of the East very easily. Yeah, I think we're definitely making out of the East.
Chris Middleton is hurt, so the Bucks are done. Yeah.
I wasn't even worried about the Bucks in the first place.
Boston, that's the only real threat.
Miami's not gonna do it.
You can't start your own sneaker company.
It's never... Can we gamble on that?
How do we gamble on that if the sneaker company is gonna win?
Sneaker gonna blow up like one of Zion's? Like a hair Zion's?
Exactly, exactly.
Doug, I hate this. I think y'all might make it to the finals.
I think Zion sneakers were made by the Israeli defense force.
The air has blowed.
I think they got them sneakers at the same place they got those pagers.
I think that's what happens.
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Now we gotta get back to the show.
Is there like ever a PR machine behind what you do
or do you just try to make the splash as big as possible
and then the conversation begins?
I just try to do what's right
because like back then particularly,
there was a bunch of old
motherfuckers that owned teams, you know, they inherited them or won them in a poker game and
anytime I spent money they would be pissed at me. I remember one time I was in a board of
governors meeting and the owner of one of the teams, I won't name drop him.
I'll guess.
Yeah, he's dead now.
Yeah, Dallas Charlie.
We want to hear about that comeback. But anyway, this guy said, you let them take pictures with your wife? Shelly.
But anyways, this dude says to me, you motherfucker, sit down and shut the fuck up.
We're sick of hearing about you.
Until you do something in the NBA, just sit down and shut the fuck up. We're sick of hearing about you until you do something in the NBA.
Just sit down and shut the fuck up.
And then I'm like, okay, Abe, his name wasn't Abe.
I got the name wrong, but you know, um, yeah.
So, I mean, they just fucked with me the whole time, but David Stern to his credit,
even though he would find me all the time, it was okay.
You're helping the league.
You're doing stuff.
You're getting things rolling.
I was kind of like the tech guy.
You were very much a disruptor. Oh, for sure. I just didn't rolling. I was kind of like the tech guy very much a disruptor
No for sure. I just didn't care. I just wanted to do what I thought was right like now. Yeah
Democratic shill dude, I knew it
Democrat I don't know what people say that shit
You say this I think I like to think I'm independent I believe you're truly independent
Yeah, you said if there was a non-magic Republican in 2020 you would have voted for them
Yeah, who do you see on that side that you're like I would like for them to be president. Um, I like Nikki Haley
I voted for her in the primary
I like Chris Christie
Because he talks shit and doesn't give a shit
I wasn't into DeSantis and I know Vivek now, but I think he's great.
Yeah.
I think he's just a Trump with a better vocabulary.
He's got a great vocabulary.
He's got a great vocabulary.
He's really smart.
He hates bureaucracy.
He's very smart.
And what I appreciate about Vivek is that he knows what he's suggesting is radical.
And he's like, this is a government of the people we deserve. So like I did a podcast with him and I saw it and when
he suggested it's one thing to suggest it but it's not problem-solving. You can
say I'm gonna cut out the Department of Education. Yeah. That sounds really good.
Well we didn't have a Department of Education in 1817 and though you know it
wasn't meant to be this big,
but we are where we are.
And if you're going to fix something, if you want it better, you have to be able to go
from where you are to where you want to get to.
And so if you want to change education, where you are, okay, let's talk about how you're
going to get there.
You want to cut the size of government?
Great, I want to cut the size of government and make it more efficient.
Let's talk about AI as a service.
How can we use AI to speed up different functions
that the government does now
so it's not just a bunch of people sitting at desk?
There's a million ways to do it
and that's the shit I can talk to the Harris campaign
about when I talk to Vivek or whoever, Republicans,
they're not talking about that shit.
So can you explain to just a regular person like myself, when people talk about how bloated
government is, how does that happen?
And then what would you do to, you know, contract it?
So it's a great question.
So it happens a couple different ways.
Congress passes different programs and they put together these programs and then you have
they assign money to it and then they get implemented.
Well intentioned programs?
Yeah, well intentioned.
Or are they being lobbied to?
All the above.
Okay.
So maybe not all, you know, some might be a bridge to nowhere type thing.
Got it.
But for the most part, they're well intentioned.
They had a program in mind.
They had somebody they were a constituency they were trying to help and then they implement
them.
And then that's one program. And then there's another program over here, and then there's
another program over there.
They're defined by how many of these things they have.
Well, it's not even that.
It's just they all had good intentions, but over 40 years, they don't go away.
There's 40 different programs.
And so then you have to have people who manage the people that interconnect them, that deal
with the output of them
and then and so
so rather there's just you can't just say cut them all because
The programs you have the more people it takes to make sure that they all work together
Track all the money and do all the stuff and get the money there get the money out pay for it
Talk about it do the budget for it
But you can't just say you're gone because there are contracts and shit. And there's companies that
literally are run by hardworking American entrepreneurs that
have contracts with those organizations, those projects.
And so when you're just saying, okay, I'm just cutting the
entire Department of Education. Yeah, it's, but if you say,
okay, as the we're going to walk in, and we're going to use
technology, and we're going to say this program here as we're gonna walk in and we're gonna use technology and we're gonna say this program here,
we're gonna make you more efficient so when someone retires or dies, you don't have to replace that
position. But if the goal is to help kids, it's a school lunch program and to help kids, we don't
want the kids to get less because this whole thing gets cut because what Vivek would say is,
we're just going to cut it and send the money to the states.
But then the states do the same shit.
They also have their program.
Yeah, they do the exact same thing.
And they're gonna have the same bloating.
The same problem, the same...
But then it's on them.
What I say is, okay, the goal is to get the kids fed.
If we can find a better way to sunset this program, but make sure those kids are in a better position? Because it may even
be better just to write them all checks or get the bad check and make it cheaper. You
don't know. But the goal is find a solution, fix a problem.
It seems like what you're describing could be like a 10 or 20 year turnaround for a lot
of these programs. How do you make sure that five administrations potentially
continue?
You don't. That's the problem. That's part of the issue. The Democrats have their programs,
the Republicans have their program. And that's where you hope like an independent who's not
part of that. Like if it were up to me, I would love both parties to just get the fuck
out. What the fuck do we need them for? They're there to raise money and to create problems.
And now Trump, there is no real Republican party. That's like the family business.
Trump runs it.
And Kamala is doing the same thing on the Democratic side.
It's not like you hear anything from Bernie Sanders or Elizabeth Warren anymore.
They're on the shitter, you know?
And Kamala learned from Trump.
Literally, she learned from Trump.
She's like, Donald took over this program.
I'm going to do the same thing with the Democrats.
And this is what I care about.
This is what I'm going to do. It doesn't matter what Bernie or Elizabeth or those guys wanted so you're not seeing her
There's not just sending voices even within the party. No, it's just like you don't on trial, right?
You don't yeah, everybody falls in line on both sides because that's what it takes now
It's more about the personality and who's going out there getting votes than it is about the programs
Yeah that popularity contest we fall in love with these like demigods and we're voting for their, yeah, yeah, yeah.
We're not voting for the substance of their platform, right?
We're just voting for a last name.
You talked to Donald Trump.
What substance have you ever heard from him?
I mean, he's fun.
He's fun.
That's what everybody thinks.
Yes.
But tell me like, what is one thing?
But Clinton was fun too.
He played saxophone. He played saxophone? That's cool. And you know how to use one thing? But Clinton was fun too. He played saxophone.
He played saxophone?
That's cool.
You know how to use his office.
Abraham Lincoln was fun?
He knew how to make room under his desk.
No one did it better than him.
It's a totality.
Have you met Bill?
Great guy, right?
Oh, I had a great time.
Great guy.
You get why they were sucking on him.
Yo, I got to tell you.
I watched a basketball game.
I watched an NBA finals game.
Me, my buddy, and Bill Clinton
and some of his friends.
And the dude, like a man's game, I'll yell at the TV, other games, I don't care.
I'll just watch and enjoy.
He was smoking a cigar, yelling at the TV the entire game.
I'm like, let's go.
Imagine if it was Hillary, right?
Oh, yeah.
Anyway. But a good guy, right? Oh, yeah. Oh, I can't. I'm like.
Anyway.
He's a good guy, right?
Yeah, he's a good guy.
He's a really good guy.
See, who am I to love is Bill?
Bill's a beast, yeah.
He's smart as fuck, too, right?
When you talk to him about any topic,
he knows what he's talking about.
Yeah, great communicator.
I've noticed a lot of times he communicates through story.
He's just chill.
It's effortless. What do you think about the environment? And one time in Arkansas, I've noticed like a lot of times he communicates their story, you know, like
What do you think about the environment? One time in Arkansas and all of a sudden you're kind of caught up in this thing that that at the end of the story kind
Of proves his point about yeah
Yeah, and you know for better or worse. Yeah, I mean even Kamala doesn't do a good job of that
Yeah, she needs a yeah, she needs a wind-up to get into our stories Trump just you know talks
Whatever is whatever right? He has he has into our stories. Trump just, you know, talks, whatever's whatever, right?
He has he has his go-to sayings, you know, I was the biggest the best the this this is the best ever whatever
He just always goes and that's kind of his
Protected place. Yeah, so he goes into his catchphrases. Yeah, and that's where he just builds off
Do you want to catch phrase be honest? Do you want one from him from him? Yeah. Yeah. Yeah
Like what? I don't know. But would it be like a flattering thing that you got a
catchphrase from Trump? He's fucked with me. Yeah, but no, what did he say?
Oh, he did say like, oh my God, we did this MMA thing and I couldn't find it.
Someone had sent it to me and I couldn't find it. We did this MMA thing back in
2007 where I had a TV network,
HD net and we put on MMA fights and he did something with the Russians, this guy named
Fedor.
Emily Menko?
Yeah, Emily Menko. At the time it was like, no, badass, right? Oh, and I did vodka shots
with the dude, man. He could put it away. And then Josh, not Lambert, what the fuck was it, Barrett.
But in any event, so the fight, for a lot of reasons,
didn't ever happen, but he said,
I'm doing this with Mark Cuban
because everything he touches turns to gold.
And so he gave it to me, and I said nice things about him
because there was no, why not, right?
But shit changes over time.
As you got to know him, you felt he was...
I don't have a problem with him as a person.
You were just talking about Bill Clinton.
Telling a story, get to the point, and you knew what the point was.
Have you ever seen that happen with Donald Trump?
When he starts a story, he gets the end of it?
Where you understand he said, that was nuanced.
That really, he had some in-depth understanding. But like, there are some people that are funny
when they're not trying to be funny, and he is one of them.
And that's exactly what we want for president, right?
No, no, no, no, here's the thing, here's the thing.
That is, you're assuming that we make,
we're assuming we make the best decisions
when it comes to electing people, right?
And I think we elect people emotionally.
And I know it's absurd to be like, this guy's funny.
I'm not disagreeing with you at all.
But it was absurd that we saw Bill Clinton play saxophone
shitty on Arsenio Hall, and we were like, this guy's cool.
Right?
That's also an absurd thing.
But it worked.
And so I think that most Americans really kind of know
nothing about the laws that are being passed.
They're worried about obviously their communities.
And they want to vote for someone who makes them feel like their, you know,
concerns are going to be considered.
Or that it's just a fuck you.
Dude.
Yeah.
I think the majority of people might vote as a fuck you to the other party.
Yeah, for sure.
Like if you just sit right here and you go, I'm a Democrat,
half of the country goes, that guy's fucking on it.
And the other half goes, fuck them. Yeah, yeah, you're out. And which is interesting, because I
imagine it's kind of vulnerable as a politician, when you want to speak the truth, but you know
that people don't really like you. They like you as a representative of the party. You're almost
like an actor who plays a popular character on a show. They don't really like the man. I had
someone say that to me yesterday. Look, he's an idiot, but I'm a Republican. Wait, meaning Trump is an idiot, but I'm a Republican. So I gotta vote for the guy.
And to your earlier point, I think there were people in 2016 that was like, I don't care about him, but
I love how much Democrats hate him. Yeah, yeah, for sure. Like you'd spoken about this before,
they had felt so like maligned for years. Yeah, like, you know, they felt made fun of and teased
that like finally somebody is punching back to them
Fuck and I get that I get that for sure. Yeah for sure, right?
But you know and I can see how you picked Donald Trump to be that but oh my god
He's talking about the presidency. Yeah. Yeah, so giving you an opportunity to speak on some stuff you mentioned
What would you say to a Trump supporter?
Who's like the country was better off under Trump than it was under Biden?
Those four years with Biden, everything got worse, four years Trump had, it stayed the
same or got better, even if he inherited something good from Obama.
It's not the truth, but I understand why they say that.
I'm going to you to dispel these things.
I can tell you, no wars.
There was a war in Yemen where hundreds of thousands of people died, or at least 100,000
plus people died, and he had a chance to say, no, we're going to get out.
He said, yes, we're going to keep on selling weapons to Saudi Arabia.
So when he says no wars, that's bullshit.
When he says he's pro-military, there were 200 soldiers that got bombed to shit, and
I forget if it was Iraq or Syria,
and a bunch of them had traumatic brain injuries.
He came out and said there were headaches.
When Puerto Rico got hit with a hurricane, he held back.
That was funny with the toilet paper.
Oh no, no, it was funny when he finally got down there.
But still he held back money. He withheld aid. When the hurricane was sweeping through the southeast,
he redrew a fucking map to make it look like it was going to go through Alabama. So, and
inflation. So there was a point in time, because I'm just reading about this, in 2020, right
as the pandemic was starting. And because there was a lot of the demand
for oil and gas was falling, Russia and Saudi Arabia got into a price war on oil and the
price of gas just plummeted.
And a bunch of the people in the oil industry went to Donald Trump and said, you know MBS
at Saudi Arabia, you know Putin, for better or worse, get them
together and let's make this and let's reduce production.
Yeah.
So the price of oil goes up.
Now here's the bargain.
Do you save the oil companies or do you motherfucking save all the people who are suffering from
the pandemic and want to pay less for gas?
Yeah.
And so when you, and if you track it, the reduction in production of oil, to pay less for gas. And so when you- You save the people. And if you track it, the reduction in production of oil, they pulled back so much so that the
price went up.
And then over time, over the following two years, so that was from early 2020 to late
2022, they increased production.
And when you increase production, the price of gas goes back down.
So when they were reducing production, the price of gas went like this.
And that was the start of inflation.
Because just like he says all the time, drill, drill, drill, because that'll reduce the prices
of everything else.
Well, he literally caused the prices of everything else to start going up.
So by the time he left, going.
Because the price of oil is expensive.
The shipping is more expensive. Everything is
more. It's a trickle down effect from oil.
Right. And so it went from, he made the choice. I pay my boys that run these oil companies,
or I keep the price of oil and gas low, so our gas price is for everybody else.
Now question about. I keep on going.
No, no, no. This is why I'm asking you for specifics,
because I'm listening to all these,
we're doing research, I'm listening to all these things,
and you just keep having great answers for everything.
But then I start to go, is he right
or is he just really fucking good at debating?
And that's why I'm asking you for specifics
because I think a lot of people might be like,
yeah, he sounds right, but he's just so smart.
I don't know if he's actually right.
Who, Trump?
You. Oh, me?
When you're talking about anti-Trump this, anti-Trump that.
Oh, no, I'm just giving you,
look, I'm not giving you, look,
I'm not the expert in all this shit,
and somebody can tell me I'm wrong,
and that's fine, I'll learn from it,
but you don't see Donald Trump admitting to anything.
Nothing.
When was the one time he ever said I'm wrong?
When was the one time he said,
okay, let me figure this out, let me give you some details.
Maybe that's why I like him,
because he's like my wife.
Yeah. Bingo, there you some details. Maybe that's why I like him, because he's like my wife. Yeah.
Bingo! There you go.
He's like...
What?
He's like, he's like my wife.
Why are you still on her on the bus?
Well, because he loves me.
Right?
Break down tariffs, because from his side, he says,
I'm just hard on China.
The dumbest shit ever!
Okay, all right. So let's talk tariffs, right? He says, I'm just hard on China. The dumbest shit ever. Okay.
All right.
So let's talk tariffs, right?
There's two types of tariffs.
There's strategic tariffs and there's across the board tariffs.
Strategic tariffs are your Japan or your China and you own part of the steel company in your country.
China is a nationalized company. It's a nationalized company.
So they can say, we're gonna undercut the price
of steel made by US Steel in Pittsburgh, Pennsylvania.
So we're gonna ship it in at a really reduced price
so that we could take business away from US Steel.
Their business shrinks.
And now if the United States of America-
Oh, at a loss to the company that's in China,
but because it's nationalized,
it's at a loss to the government. They don't care. They take away our market share.
You put a tariff on them so that they don't attack. That's like a, that's, that's warfare.
Right. So it's that way. You put a tariff on them, then U S companies will be able to go,
it's still more expensive. It has to be a strategic because you are still, if we can't make
steel in this country, if something happens with the military
Yeah, then we're fucked. So it makes perfect sense. Those are the tariffs that Biden kept in place
Those types of strategic they protect us geopolitically
They also protect the businesses, but they don't allow another country to get a some sort of advantages on us in an incredibly important
Marketplace for our protection.
Bingo.
Got it.
Okay.
Now the other version.
Now the other are across the board tariffs, where Trump says, fuck you, China, I'm adding
10% or 20% or 60% tariffs.
He never says which is which, right?
He just says, I'm adding tariffs.
So Walmart, Walmart imports 80% of their products. And so Walmart is buying from China, paying in dollars, and saying, I'm paying a dollar
for that widget.
And that dollar comes in and it's a dollar right now and that's it.
Walmart marks it up and sells the widget at Walmart.
Tariffs comes in, it gets to the United States when it comes across the border, there's a
10% tariffs.
The border patrol says, ah, there's a 10% tariff on it.
Walmart, you have to pay 10% of that dollar.
You have to pay me a dime for every one of these widgets that come in.
Walmart has a choice.
They can either eat that dime or pass it on.
Now imagine, then he goes to John Deere and he says, if you're thinking about moving any of your manufacturing
to Mexico, even though he signed this thing called the USMCA, which allows you to move
some of your manufacturing to Mexico, he signed it, he created it, but put that aside.
He says to them, okay, we're going to give you a 200% tariff for anything that you make
that you then import, tractors, let's say.
So think about it.
That's if John Deere moved their factories to another country.
Even just a portion of them.
So he's basically saying don't leave.
Don't leave.
Don't leave.
But it's not that easy because now if, so his luck.
Can I ask you a real quick question about that?
So when, when let's say China tried to undercut our market, they would sell the steel here.
Who would buy the steel here.
Who would buy that steel?
Like a Home Depot or something?
Yeah, someone who's building a building.
Someone who's building whatever.
So that company would have to pay that increased price.
They would have to pay the tariff.
And basically the tariff would be in place so the company goes, well, I'd just rather
buy the American steel because it's the same price.
Correct.
100%.
OK.
So that's on the strategic side.
So it's always on the consumer of the business that's consuming the foreign goods here to
pay the tariff.
They will then...
Directly or indirectly, right?
So whoever imports it has to write the check.
Got it.
Got it.
So when Trump says China is paying for it, no.
He's not paying for it.
Got it. No, he's not. He's not paying for it. Got it.
Ah, well, China could in an effort to undercut the US steel market, make it so low on strategic
stuff.
Yes.
But but they're still they're not the ones paying for whoever does the import.
We do pay for it.
But essentially they would their government would be subsidized.
But if it's just like a Walmart product, so if it's strategic, that's one thing. Yeah.
Because you want to protect US Steel and other steel companies because you need that to protect
for military reasons and other reasons. If it's, you know, what's, if it's a shoe. Real quick,
starting from, I'm just trying to think of a, man argument for this, or steel man argument.
If a tariff was placed and China still wanted to gain market share in steel in America,
but if the tariff was significant enough that we could buy up all their steel while still
manufacturing steel here, then we might even have a strategic advantage on China, this
is a hypothetical, where they would not be producing
enough steel to support their own army.
And we would-
By all means.
Do you know like-
Yeah, but then they would just say,
we don't need to send it to America.
Yeah, that'd be very bad.
And then they would stop the send.
They would stop the send.
But there is a number that you could adjust dials to that.
So the real question is, what does it take,
why can't American manufacturers make it cheap enough that you don't import it from China?
Why is it that John Deere is considering moving manufacturing to Mexico rather than just doing
it?
Cheaper labor, I assume.
Well, it's not just cheaper labor.
There's technology and there's other things.
So Trump says, well, if we have these tariffs, then those companies will just manufacture
here. But think that through.
If you could today manufacture it cheap enough so that you didn't have to import anything,
wouldn't you do it?
You'd be doing it already.
The problem is that even if you said, you know what, it's made in America, and would
Americans pay a little bit of a premium to be able to buy American made?
No.
They don't.
They don't.
It's unfortunate, but they don't.
They don't.
I have a company, Cultivate.us, and that's all they do is help you look up.
It's a browser extension, and it tells you if something was made in America or not.
I have two companies.
I got Guardian Bikes and Cost Plus, where we have a manufacturing.
Guardian Bikes, we literally move their manufacturing from China here. Costplus Drugs, instead of doing anything overseas, we built our manufacturing
plant in Dallas. And the reason we were able to do that is because we used robotics. The
only way that we're going to beat them is because we're smarter than the motherfuckers
and we've got better technology. But when Trump says tariffs, he doesn't say, look,
let me help you invest
in more robotics so we can kick their ass. He says that I would agree with. Yeah, that
I would agree with. Yeah. That's what Harris is saying. That's why she said the other day
when in Pittsburgh, we are going to invest in new technologies. AI is critical for us
being able to compete militarily and otherwise. But Donald says, if you move anything at all,
even if it's best for your business, there'll be punitive managers. But Donald says, if you move anything at all, even if it's best for your business,
there'll be punitive managers. But I understand the concern and why that is an effective strategy
for American voters. Because if you're somebody from Detroit and you watch the audio industry
leave Detroit, you probably heard of those stories if you work at the John Deere factory.
And you're like, whether it's logical or not, you start going, well, he's the guy who's going to
keep my job here. Even if it's not the case.
But they already know,
because they've already lost those jobs.
That's already happened, right?
There's been plants that left.
Like, he said the same thing to a carrier plant
in Indianapolis in 2017.
I remember this.
2018, whatever it was,
where they were gonna move to Mexico.
Yeah.
And fucking Carrier just played them like a fucking fiddle.
And so he got Mike Pence to go to the state of Indiana to
give Carrier money in order to keep those jobs there. But what Carrier did was, okay, we won't
send those jobs to Mexico. We'll cut other jobs, but the jobs that you wanted us not to send to
Mexico, cool. And when it was all said and done, they ended up moving to Mexico anyways. There was
a plant in Wisconsin that was going
to be built by this company called Foxconn. And it was going to be this big manufacturing of,
I don't even remember what. They got all this money from Paul Ryan or whoever the governor was
back then in Wisconsin. They didn't build shit. So the theory would be, because I'm listening to
Trump talk about it, I'm like, oh, theoretically, if tariffs are high enough, manufacturing will
build back up in America because there's a
demand and we need manufacturing in America. What you're saying is people aren't just going
to buy the cheaper product always. They don't give a fuck where it's made.
Unfortunately, because I've tried, other people have tried, but if you just look, just think
of it from common as an entrepreneur, as an entrepreneur, if I know that Walmart's buying widgets
for a dollar each and I can put something together
to make them for 98 cents each.
People will buy for 98, yeah.
Fuck yeah, I'm gonna put it together.
And so is every other entrepreneur
in the United States of America.
Trying to say, don't import it.
Like if you could do it cheaper, you would be doing it.
So here's the question, like we have to invest
in robotics, you said, right?
But isn't that on the business?
Like, is it on the government to develop these robotics
and then go, by the way, businesses,
don't you want to use them?
Well, that's part of those programs
we talked about before, you know,
because you have to do robotics for the military.
And so the Department of Defense and does a lot of-
It's like duct tape was invented by NASA.
All that stuff.
It trickles out.
So it's developed at the highest level.
Boston Dynamics is first going to develop something for the military and eventually
it's going to be in some kid's iPad.
Yeah.
And just some projects are just too big.
And so it just takes too much money.
Like AI right now.
That's the AI shit.
Yeah.
Do you see Microsoft bought the island?
Yeah. Three-mile island. Yeah. For over a billion dollars. That's the AI shit. Yeah, it's so fucking exciting. Did you see Microsoft bought the island? Yeah, three mile island.
Yeah.
For over a billion dollars.
This is kind of crazy.
Maybe explain to them this.
Yeah, explain to them.
So AI uses a shit ton of electricity.
Shit ton.
And by the way, just a little aside,
when people talk about AI taking jobs,
because it uses so much electricity,
fucking plumbers, electricians, power engineers,
all these people, the jobs are going to skyrocket.
Oh, and they're blue collar jobs too.
Those are all blue collar apprentices.
Because the facility to generate all of this electricity.
That's interesting.
And so they require so much power and that's why, you know, solar farms and everything.
I mean, there's programs now where if you have solar energy on your home and you have
excess time of day, you could sell it to the local
utility plan and so
There's gonna be all these ways to generate power that we need and so Microsoft did a deal and bought three mile
I so it's give a little background to what three mile islands three mile
I mean, I don't know the whole strip but nuclear it's like a nuclear nuclear plant that burned down basically
One of them I think they had multiple plants. I think one of them one of the reactors strip, but it's like a nuclear plant that burned down basically.
One of them, I think they had multiple plants, I think one of them had a problem.
One of the reactors, yeah, one of the reactors had something happen and it had a nuclear
meltdown.
But it's still functioning.
The others are still functioning and they basically bought it because they needed nuclear
energy.
It just requires so much electricity to run all the simulations, right?
Because you're synthesizing data sets.
Yeah, they're just training all these models.
It just takes so much more.
And the power of the chance.
It's called a nuclear reactor island.
Like that's something out of like a Bond movie.
No, it's insane.
It's insane.
But it comes down to, do you want to give incentives
to companies to work with the government
and do these projects?
Or do you want to take a hammer and just say,
fuck you, bitch, you will do it this way?
That's the difference, and I think that's what
people don't get, but to your point, Andrew,
he's a great salesperson.
He sells it and he says it the way people want to hear it,
and if you're not looking to get into the details
like I might, then it's just like, fuck, that makes sense.
Well, I think people are emotional, right?
And I think we make decisions off of emotion.
What I will say is like, the first term that he ran,
I think he was spot on to what people were feeling
that wasn't being spoken about.
He was like, it was a laser point.
100%.
And I think every election since he's been a few
like standard deviations away from that mean.
And I don't think Kamala's on it either.
I don't think either one are hitting the zeitgeist.
I agree.
What do you think the zeitgeist is right now?
What do you think the general feeling of Americans is?
Pissed off.
About?
Everything, because everything's a fight.
Everything's a battle.
There's nothing that's easy anymore.
Everybody is just fucking with everybody,
yelling at everybody, worried about everything.
And it's like, and nobody, there's no facts we agree on.
Dude, it is, for all the amazing things that the internet has given us, it has also eroded
our confidence in everything. Everything.
Yeah. There is just as much proof that vaccines are good, that they are bad. I don't know
if it's just as much, but there's a doctor out there who will tell you these
vaccines are horrible.
There's a doctor that will say that.
There's like six of them.
But when you talk, there's 1 million doctors, because I did this project, right, where we
talked about making going to med school for free so that we have more doctors to get them
into different places.
Like 95% of doctors have been fully vaccinated.
So the five doctors that are like,
but we don't need to get into that vaccine.
The point is more like if there's one that is a doctor
that says, hey, I don't know.
It makes you at least 100%.
As a person who just went to college, you're like,
well, I don't fucking know.
That guy's got the outfit on.
He must be right about it.
And he validates what I'm feeling.
So I'm good.
Exactly.
So I agree with that all the way through.
It's hard. There's no institution that I think we feel so I'm good. Exactly. I agree with that all the way through.
It's hard.
There's no institution that I think we feel confident in right now.
Because there's no leadership and there's no trust.
When there's no leadership, there's no trust.
And there's no control of information.
I'm not saying the government should control information.
I love the freedom of it.
But when they did control the information, they could curate narratives that we all kind
of fell in line with.
Fell in line with and we started to believe it.
And these narratives had like built in confidence.
Like the idea of America was this like,
this like romanticized version of it.
And then you get open source information.
You start learning like, wow,
there's some kind of fucked up things.
And you see there's other people believe the same thing.
So it used to be you were the only one, you know,
at the gym that would talk about this shit.
And now you can find a million people, especially like you go from 150 million people 30 years
ago, whatever in the country to 330 million now.
It's an insane growth, huh?
Yeah.
We're just like 1% of 1% of people are really fucked up.
That's a whole lot of fucked up people.
3.3 million fucked up people.
Wow.
So that shit like just grows.
But it just, if we had a strong leader, I'm not saying Kamala is the strongest leader.
There's things I don't agree with her at all.
I think she doesn't, she winds up when she answers questions.
I'm not a fan of ending the filibuster, which I think is a huge mistake.
So there's a lot of things I disagree with her on, but I think her heart's in the right place. You know, if you believe like I do that we want people to trust,
that we want someone who tries to bring people together, that isn't negative towards people,
you've heard her pick on Trump and JD Vance, but she hasn't said anything about Trump supporters.
She said she's, she'll talk to Republicans, she'll talk to independents, she'll get ideas from
anybody and she truly will.
And to me, that's important because the one certainty you have about the presidency and
life in general, you don't know what the fuck's going to happen tomorrow.
You just don't.
And you want somebody, you know, there's this old, old, old saying that says character is
destiny.
The type of person that you are guides how you make decisions. And while she's
far from perfect, I just think her character will guide her in the right direction to put American
people first. And I just think Donald Trump's gonna put himself first. I just don't think he's
gonna put anybody else in front of him. And you talk about what happened before, every single thing he's done. Those 40 out of 44 cabinet members who came out against him,
they didn't say we disagreed.
They said he was unfit for office
because he did shit for himself first.
Literally, like during 2020,
when we had the Black Lives Matter riots and protests,
the motherfucker didn't say, calm down,
let's bring people together.
He goes, when the looting starts, the shooting starts.
That's not bars.
It's this guy.
It's his bars though.
If you were going to loot that day, you'd be like, maybe not today.
Unless it was Washington DC and the Capitol.
Then it's like, we don't need those magnetometers, the things to check for guns and everything.
We don't care.
Right?
Let them in.
It was just a vacation.
Yeah.
How do you feel about the lopsided Supreme Court?
I mean, I'm not happy about it, but I'm not surprised about it, but I'm not a fan of trying
to expand the Supreme Court at all.
Now I'm all for term limits.
So that instead of doing it for life-
It's insane that you just get to die.
No matter how senile you are, you just can't hold on.
So I think that's wrong, but I don't think you expand it to 70.
Because then the next president who disagrees with you just does the same thing and it's
just a clusterfuck.
So I think when the Democrats talk about that, they're full of shit.
Why are you against the total buster?
Because I think that requiring 60 votes to get something changed means you have to convince
people who disagree with you.
And I think that's important.
And I think to get, if we're going to have any chance of bringing people together, you've
got to have incentives to bring people together.
Politicians, parties, citizens, voters, non-voters.
You've got to go through that process and having the filibuster protects that.
And so I think she's wrong in saying no filibuster, but I'm pro-choice, right?
So I understand why she wants to do it.
I got two daughters.
I don't want anybody making a decision for them.
But I don't think changing the filibuster is the way to do it at all.
It is unfortunate to state the Supreme Court because in its inception, you're like, okay,
these are the greatest constitutional minds that the country has.
They are not partisan. They look at the document and this is how they feel, and they look at the voting records and they're absolutely partisan.
So it's almost like elected officials that just have this.
If you're gonna be an elected official,
okay, let's get you out of here every six years.
It could be 10 years, whatever it is,
if we feel like you are too biased.
But I like the idea behind it.
The idea behind it is like, hey listen,
everybody's biased except this person we think
is really smart and really fair.
Get him in there for life and let's keep him around.
Yeah, this person that gets appointed by the president
who has his own biases.
But yeah, exactly.
Can we realistically get term limits or is it,
there's some things where you're like,
I just don't know how you get that done.
I don't know. It'd be very difficult.
I don't know.
Because this is a branch of government
that has existed from the inception of the nation.
And you have to convince the people who have the power
to let go of the power.
They're not gonna do that. They probably won't do it. I guess you just hope that they uphold the power to let go of the power. They're not going to do that.
They probably won't do it.
I guess you just hope that they uphold the law.
Like they have some integrity.
And now it's just, you just don't know.
Again, that's just, you don't trust.
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Let's get back to the show.
I know you said strong leadership,
but I do think that there is a,
for a country like America that thrives off self-esteem,
American excellence is really important to us. right? It's part of our DNA.
It's baked into our identity.
Every movie that we watch exemplifies it.
Yep, 100%.
And I feel like our confidence is at an all-time low.
I agree.
And how do you build the confidence of a nation
that feels like it's eroding a little bit?
You go door to door.
You know, you really have got to go where
people don't expect you to be seen and talk to people. And let them know. What do you give them
to believe? And like the Olympics came around and I felt like for a few weeks we cared about the
sports we don't give a fuck about and we're winning and we're like, ah, we're back. American
excellence is great. And then it stops and everybody goes back to the government is corrupt,
the pharmaceutical industries are corrupt, the military industrial complex is corrupt.
What is the thing that we get to sit down and go, you know what, I'm proud to be an American because of this?
I mean, I'd like to think the American dream. The one thing that makes us different than every other country is everybody in this room, everybody watching, they either have had
or think they'll have some idea
that they can start a business around,
or somebody will invest in them
for who they are and what they believe in.
And that's what makes this country different.
I go talk to kids all the time and I'll say,
look around, see that light, see that picture,
see that screen, see that camera, see that.
One day it didn't exist. And somebody could look like you, could be like you, said,
I have this idea, and followed through. And now that table, that drink, that light,
that was because somebody came up with this idea. And I say to these kids, why not you?
Why can't you be that one to come up with this idea? And there's nobody that can stop you
but you, but you got to do the work. And I think when we give people a reason to believe in
themselves and show them that there's a future for themselves, that they can come up with that idea,
they can get that job, they can learn, that learning is actually a skill that can take you places,
then I think we'll start to respect each other.
Because if I think you were gonna do something
that you believe in, okay, I respect you for that.
If I think you're gonna do it, or anybody's gonna do it.
So entrepreneurship and education are still.
I think core, that's who we've been our entire history.
And that's, I would still, education I think
has taken a little bit of a hit,
if you look in the traditional sense.
I agree.
But education in terms of there's information out there that can help me achieve my dream,
I think still exists.
And entrepreneurship absolutely does.
And then if you add to it like Chachi PT or Gemini or any of the AI, now you see kids
that are, we're all using it, right?
And just because it's a shortcut.
And so you can teach yourself anything.
Even before the large language models from AI,
even if you went online and started searching, you had to decide what was good content or bad
content. And I'm not saying these AI large language models are all right, but between three or four of
them, you can set up a syllabus, you can set up a program to teach yourself anything. It's pretty
amazing. Anything. And so I think you nailed it when you said the internet went from this beautiful thing back in
the day where we were going to have access to information to it being a, you know, a shithole
in a lot of respects, particularly with social media. But now I'm hoping with AI and the chat
GPT and the Geminis, et cetera,
that can give everybody a chance to learn.
The analogy I use is,
you remember when those Nigerian credit card scams popped up,
right?
In early internet days, you get an email and they're like,
"'Hey, if you give me $50,000,
"'you're gonna be a millionaire.'"
People fell for that shit.
Oh, shit. Because you were so excited,
and you didn't believe that somebody
could dupe you on the internet.
And I feel like that's what we're going through with information.
And I think in like maybe five years or 10 years, these large language models,
I agree. Something will change, right? It's not going to be like,
I remember back in the day when we were starting broadcast audio net before
broadcast.com people talking about,
you cannot give your credit card to anybody on the internet.
people talking about you cannot give your credit card to anybody on the internet.
Amazon will not succeed.
Amazon will fail because no one's gonna give them
a fucking credit card.
Amazon will fail because no one's gonna give them
a fucking credit card.
I remember being skeptical of PayPal.
Like, well, they're just gonna have to.
I felt the same way.
I felt the same way, yeah.
That's interesting.
And now it's, yeah, it's nothing. AI felt the same way. I felt the same way. Yeah. It's interesting.
And now it's, yeah, it's nothing.
Now it's nothing.
AI question, what do you think is the ultimate destiny of AI?
How it.
Everything.
Do you think it.
Everything.
Destroys humanity or do you think it saves humanity?
No, no, I don't think so.
Here's kind of the reference point that I think protects us.
Like I have a mini Australian shepherd.
Yep.
Do you guys have dogs at all?
Yeah.
They're smart dogs and dumb dogs, right? Yep. You take a smart dog, you can put it almost anywhere. If you put a smart dog in the middle
of the street, in the middle of nowhere where they've never been before, they're going to figure
out where the danger is and all that. They're going to get across the street and take you across the
street. And so if you had a choice of going in a full service, and I'm not trying to rip on Tesla
and just using this as an example, full
self-service driving car.
If it hasn't seen something in front of it before, because it hasn't been trained on
it, it's going to fuck up.
It's going to run into that.
So if there's like a blob that's just sitting there that's never seen before, it's not going
to know what to do and it can run into a pedestrian or whatever.
You put my mini Australian Shepherd there and it sees a blob, it's not going to know what to do. And it can run into a pedestrian or whatever. You put my mini Australian Shepherd there
and it sees a blob, it's going to bark a few times,
but then go around it and realize there's no other risk.
Until AI is as smart as a puppy,
it's not going to be all that great a risk.
I don't think, now it doesn't mean like,
I can give you tons of scary shit too.
Like I can tell you about little, you know,
fly size or maybe
bigger drones that are all controlled by AI that, you know, you're going to see these drone attacks
of a million little insect drones and they're all controlled by AI and self-thinking and da da da
da da. That's just going to be scary as fuck. When that happens, I don't know, but it's going to happen. But in terms of, you know, like the movie AI and, you know, robotics taking over and
robots taking over.
No, not for a long, long time.
Life will get better before it gets worse.
Yeah.
Because if it's not going to be as smart as a puppy or even a cat, like cats are dumb
as fuck and they figure out, you know, how to fall and land on their feet.
So then do you not subscribe to, and I'm not trying to say this so that you like beat up
on Elon, but like, are you, you wouldn't trust the Tesla auto drive?
Not with my eyes closed the whole time.
Interesting.
No.
He sleeps in it.
Yeah. Guy goes to bed.
Oh, while you're driving?
I was an early adopter. I love that.
Yeah. Look, I have it too. And I play with it, but it still scares the shit out of me.
Would I want my family to just close their eyes and let it drive itself?
No, no.
But do I see the value?
Absolutely.
Now, if it were up to me, and I said this to the city of Dallas, you know, like when
you go to Vegas, you can't cross the strip.
You have to go up over the strip.
You got to walk over.
I would be pushing.
If I'm Milan,
I'm pushing to put those in every downtown
that you possibly can, even working on deals.
So there's no pedestrians to hit.
And then-
Unsightly.
Yeah, but put that aside.
Like now you can, yeah, okay.
It's like I was in the Hamptons.
Look at this.
It's like what a fucking,
what a fucking hazy thing you're saying.
That little crosswalk.
So we'll let you decorate it.
I'm trying to look at some lady turn to jelly
every once in a while, then a bridge
over everything. Well you get to look up, right?
Yeah. Well I get ya.
You know, opens the window.
What a simple idea to just make no more
accidents. And I'm just like,
oh, but the bridge! You have to look at the bridge.
You see what I'm saying though, right?
You just put those crosswalks over top.
Could you put them underground?
You could put them underground.
A lot of cities have them underground.
And you know, Elon could use the boring company and just, you know, but you put it underground.
But you would never do that in New York City.
Like imagine a bridge on every single street.
That's crazy.
If you get the 18 wheelers in.
If it looks nice, it'll be fun.
Yeah. Really? Yeah. Yeah. Because
think of the value proposition. Yeah. You got to walk up and walk over. But still, like
every car can be self-driving. Every delivery can be self-driving. Start building buildings
where Elon has one of his trucks and they just back in and there's no human involved.
And it's just you Costco. I think it was, is building a new Costco.
But it's going to be in the middle of all these apartments and you can automate
all that shit. You know, you put your freezer, so it just backs up.
Just so everybody understands what just happened. So the unit,
your refrigerator backs up to a Costco potentially that's on the inside.
So it's got like a little delivery door.
It just refills you with ice cream.
Like a convenience store, you know,
the fridges they load up in the back.
Yeah, yeah, exactly right, exactly right.
I think Diddy has that for the baby oil.
That's the thing.
Cosy can, my man, cosy can.
Thousands of bottles, great. Yeah, that is, what me. Like, whoa. I mean, give us your designs for city, for business, for whatever these are. I didn't give it away.
It's IP for free.
No, man.
Are you trying to develop some of this stuff?
No, no, no.
My mission is to fuck up the healthcare industry.
So that's, that's my focus.
Okay.
So then fuck up the other industries while you focus on this.
Give us, give us the details for that.
No, I mean, but seriously, that's just something I always thought about when I was a kid.
I mean, I was a kid.
I was a kid.
I was a kid.
I was a kid.
I was a kid.
I was a kid.
I was a kid.
I was a kid.
I was a kid.
I was a kid. I was a kid. I was a kid. I was is to fuck up the healthcare industry. So that's, that's my focus. Okay. So then fuck up the other industries while you focus on this. Give us, give us
the details for that.
No, I mean, but seriously, that's just something I always thought about when it came to self
driving cars, because I want them to work. I wanted to work for Elon. I think that's
important for the country, you know, for civilization. I think he's doing an amazing, look, I fuck
with Elon on Twitter because he fucks with everybody on Twitter. But he's the best entrepreneur of our generation by far.
It's not even close.
The shit he does is just insanely...
It's wild.
Yeah, it's wild.
I mean, the dude is...
Elon before Twitter was the man.
I loved him.
Exactly right.
Elon posts Twitter.
But then he became politicized and I knew it.
The second it happened...
Please don't.
It fucked it up.
Don't go off the deep end like that.
But that is the thing that you should be concerned about too. I knew it at the second it happened. Please don't
Like that you should be concerned about too like I understand that you're doing this because once the election is over it's over You're back. I also give you credit for Elon is very
Transparently pro-republican and pretends he cares about it for the sake of the country and it's very obvious
You don't really give a fuck about the country. You have some ulterior motive. You never say Democrat Republican
You don't really give a fuck about the country. You have some ulterior motive.
You never say Democrat, Republican, conservative.
No, I don't give a fuck about it.
Take a vote for that.
He's rescuing astronauts.
I think Elon cares about the...
He's sending Starling and so on.
No, don't get me wrong.
Elon does amazing shit.
America.
I think he does.
I don't think he drives his politics.
But I think he does it the wrong way.
That's not why he's Republican all of a sudden.
It's not about the welfare of America.
He didn't buy Twitter because he's concerned about free speech.
He bought Twitter because he wants to sway the election in a way.
He wants to control it.
Oh, I disagree.
I don't think that it's...
I don't know the level of altruism, but I do think that he believes that this will be
the most beneficial form of government representation for America.
I don't.
What do you think it is? No, I think he wants to be... Twitter is impactful in a lot of countries, a lot of big countries.
And when you have control of the algorithm and what people see effectively, the influence you
have to, you know, carry, carry favor from every head of state.
So it's power.
It's power.
It's a hundred percent power.
Can you elaborate on that a little bit more?
I think that's an argument that I haven't heard.
You can curry favor from heads of state because you can control the narrative.
Look at Brazil.
Look at the fight.
Yeah.
Look what happened to Brazil.
Explain that a little bit.
Please break that down.
Yeah.
So again, I'm not an expert on this, but Brazil said that you keep... Even folding, yeah.
There was a judge in Brazil that said Twitter is putting out misinformation in the country
of Brazil.
And they told him that he has to shut down or get fined.
And he said, fuck you, I'm not going to do it.
And then they shut him down.
And then time went on where he wasn't there and users started going elsewhere and so he
Equi asked and paid his fine and now they're back
But he got to talk to the head of state of Brazil
He had dinner with the Prime Minister of Italy. There's not anybody who's not gonna take his fucking call
I thought it was brilliant right for you know
From a net worth perspective
to spend 44, and it wasn't all his money.
I think he put in 11 or 20 or whatever you put in, right?
Still a fuck ton of money.
But he bought access to everybody and anybody.
He also brought up a point on another podcast.
If you have, if you reply to someone on Twitter,
everybody who follows you sees the tweet that you replied to.
Elon's the most followed person on Twitter. It's not a coincidence that he always
responds to random Republican tweets. Oh, it's very clear.
So everybody sees it. Yeah.
Repost every Republican thing. I agree with you, his politics are very clear.
And I think a lot of people are kind of let down by it. I'm not like in love with his online
personality, but I do, I really respect him as an entrepreneur.
Oh yeah. You separate the online personality from the entrepreneur.
There's no way you can't just think, Elon's amazing, he's a genius.
Every which way, there's no way he's the world.
What do you think, like, because you're someone who's had successes at the highest level,
what do you think separates him?
Like is it his ability to hire, his ability to like organize?
Like, what are the things that you look at?
I think it's vision.
I think it's vision and execution.
Lots of people can have a vision.
I can talk about putting things over the streets,
but I ain't gonna do shit.
So it's the idea.
Idea and follow through.
And then what is follow through?
Is it specifically coming up with the plan?
Is it hiring the right people to do it?
It's willing to put it all on the line.
That's it.
Because he went into debt, he didn't care.
He put up the money.
He's like, I'm all in.
I don't give a fuck about the rest.
The way I grew up, I'm still cheap to a certain extent because that's the way I was raised.
My dad did upholstery on cars.
His dad was a waiter.
My mom did odd jobs. Her dad just sold clothing door to door, literally,
from car shop to car shop. And they grew up in the depression and all that. And so it was, my mom
still, till the day she died, bought the cheapest dress from TJ Maxx. I couldn't get her to buy
anything nice. It was TJ Maxx. That was the way I was born. So I'm always like, safe, safe, safe, safe, safe.
Elon's like, fuck it, go for it. That's a skill. And that mentality allows you to take those big
swings. Big swings. And so like when I had nothing to lose, I could take a big swing because I had
nothing to fucking lose, right? I'm sleeping on the floor. I'm starving, didn't matter. And now I can
take bigger swings. But you're still thinking about it. Yeah, I'm still thinking about it. Yeah. I'm
still like, how am I going to protect myself in case of shit hits the fan? Yeah.
You know, so when I started cost plus cost a lot of money,
but Elon blight puts it all out.
Last piece of budget for the rocket launch for space X Tesla was his PayPal
money. Like, yeah, put it all on.
So that's an interesting way of looking at it. It's that it's,
it's not like you're, it's not like you're trying to avoid risk,
but it's almost like he has zero concern about risk.
Don't worry where that next hamburger is coming from.
At all. Interesting. And what do you think that is?
I don't think, you know, he never, I mean...
He also had some money growing up, but there might be a little bit more comfort with it.
Yeah, I don't know.
I don't want to discredit him. I hate when people do that.
Don't want to discredit him at I hate when people do that. Yeah, I don't want to discredit him all.
Online, Elon is a prick.
Yeah, but in the business world, he's the best.
He's going to change the future.
So is that, like when you're speaking amongst your peers, the conversations you're having,
I'm sure you guys have your version of Mount Rushmore, whatever it is, and the people that
you probably think are like overrated.
And I'm actually curious what that is.
We can even cut them out if you don't feel comfortable.
I don't really pay attention enough.
Like my boys are my boys, right?
But are there any people that are in the entrepreneurship world that you look at and you're like, he
gets all his credit, but he's fine?
No, because if you get to where you, if you get to where people know who you are, you
did something right.
You got to be good.
I'm not going to nail on somebody that, you know, except for Donald Trump.
Yeah.
Literally, that's the example.
Interesting.
Why?
I mean, go through his list of where he got his money and tell me where he actually made
it.
Did he not earn it through real estate?
I think his dad built all those buildings for him until he died.
Like after 1999, his biggest hit came from these three buildings that he defaulted on.
He did a deal that turns out to be right, but he said, if the value goes over a billion
dollars, I'm losing these buildings, but to keep me from suing you and just making a big
stink in the media, if you sell them for more than a billion dollars, I want 30%.
And the buildings were like worth like 200 million, and they were like, fuck it, whatever.
We never thought they would be.
They went over.
Real estate in New York goes nuts.
They went over.
That's where he got his next tranche of money.
And then the other thing he did that was smart, and I'll give him credit for, is, you know,
in a golf club, like I said, I'm not a golfer, you put down a deposit to join the club.
Yeah.
And that deposit is supposed to be there so that when somebody leaves the club, you get
your money back.
Yeah.
Do you belong to any golf club?
No, but I'm familiar with this.
Yeah.
So what he did that was-
Well, it's not a payment.
A lot of people think that it's a payment, but they essentially are holding that money.
It's a deposit.
Yeah.
It's a deposit you're supposed to get back when you leave the club.
Yeah.
Well, what he did was a little janky, but he did it and they got sued and it got approved
in the courts. He said, I'm just going to use that money for whatever I want.
So he operated like a bank?
Well, he didn't lend it out. He used it for himself.
Oh, okay.
So he said, I'm taking the, which was smart in so many respects, janky, but smart. He
said, I want to buy this golf course.
It has a hundred million in deposits.
If I could just get control of the golf course
for whatever amount, even if I have to borrow,
then I take the deposits and I make use of it.
Now that's my money to use for whatever I want.
And if Andrew leaves the golf course,
I'll just give him the 250 grand from his deposit
and it don't matter.
So he got his loan. Because, oh, fuck me, it's not everybody's going to leave If Andrew leaves the golf course, I'll just give him the 250 grand from his deposit and it don't matter.
So he's actually his loan.
Because, oh, fuck me, it's not everybody's going to leave at the same time.
And as long as I make the golf course amazing.
Look that shit up and see.
So if he invests at 500%.
That's a smart idea.
It's smart, it's shaky, but it's smart.
If he puts it in the fucking money market, he's making money on a hundred million and
he's paying out every day.
Did he not pay somebody out?
No, it's not that he got caught.
It's just the members of the club he did it to first said, I want that deposit there.
I don't want to trust you to find the money to give me my deposit back.
Did they even know that he was investing it?
Well, he was taking over the club.
So when he took over the club, he didn't say, by the way, I'm going to take over all your
deposits.
But he had to, right?
Because the money, the people, you know, there's a board.
So they found out, one end it was smart as fuck, like I said, settle suit from former
members sinking refunds.
What year was that?
I can't see that.
2018.
Okay, that's when the suit settled.
So if you buy a golf course, and I'm not saying you can, but if you bought a golf course for
$50 million, but it had a hundred million that are just sitting there, you got paid
$50 million to buy the golf course million that are just sitting there. Hello.
You got paid 50 million to buy the golf course.
That's a smart fucking move.
He found a little delinquent.
That's what I just say, right?
Yeah, yeah, yeah.
Janky, but smart.
Yeah.
But you said, where's he getting his money?
Yeah.
Any other entrepreneurs coming up that you're looking at?
You're like, I think this guy's really got it.
There's, I mean, there's a lot of them.
It's just like with AI right
now, everybody's-
Kevin O'Leary, maybe?
No. I love Kevin O'Leary. No, I'm not going to him for entrepreneur. I mean, Sam Altman
is doing some interesting things, but he's like getting into like all kinds of bullshit,
which you don't want to necessarily get into.
Can you break that down? How they're getting-
I don't know all the details.
Oh, okay.
Here's a question. What's your superpower?
Why is it you come from modest means, not poor, but modest,
and then you're a billionaire multiple times over.
How? What do you think your greatest strength is?
So, I love to learn.
So when it comes to business, I'll read, learn, anybody.
Like, I'll read everything, everything.
And then I'm good at saying, okay, here's what I
know. Steve Jobs said everything is a remix. And I take that to heart. You just said, here's where
we are. Here's everything I know. What's next? So it's like the overpass on the roads. Okay,
what's a way to solve this problem? It's like costplusdrugs.com. It's an opaque industry.
Everybody says you can't fix drug pricing.
I'm like, what's missing? No transparency. So I'm going to make all of our prices transparent.
I'm going to publish our price list so everybody can see it. And it's been the easiest industry
to disrupt I've ever been involved with. And so my superpower is being able to look at
something and say, here's what I know. Here's what I think we can do. Can we do it? Yes or no.
And then just going for it.
And I think other than that, I can sell like a motherfucker.
I work my ass off.
And I'm not afraid to fail.
That's great.
I mean, it scares me.
But I work my ass off so that, I mean, you guys.
You guys started this.
It takes balls to do this
Everybody says no it can't work and then yeah, it's scary as fuck. Yeah, but that makes you work harder
Yeah, 100% sorry follow about the calls plus drugs health insurance. Do you have any ideas on how you could disrupt that industry?
Oh, yeah, we're just stay tuned. Okay. I love that. I'm very excited
Why haven't you made deals with the insurance companies so they just start buying through you?
Because they're fucked.
They're fucked.
Oh.
Insurance companies, most people who have health insurance have it through an employer
who self-insures.
Yeah.
And so you know what self-insurance is, right?
Where the employer pays the bills.
Yeah.
But that's not traditional insurance.
The idea of insurance, like your car insurance, right?
If you get in a wreck, your car insurance gives you money.
But with health insurance, for most people,
their employer self-insures.
And so that means, what the fuck does an insurance company
do if they're not insuring?
It sounds like they're not taking any risk at all.
None whatsoever.
It's a pretty sweet business to be in, huh?
Yes, and so all they do is they process the paperwork.
And they take nickels and dimes here
and there's some from the hospital,
some from the employer, some from the patient with a deductible or
a copay, and that all adds up to a fuck ton of money.
We're saying, just like we did with drugs, we'll get to this point where we're going
to publish all of our contracts so everybody knows what to do and we're going to cut out
the insurance company completely and just go to the provider, whoever provides the healthcare.
And I'll just do a contract with you
because the providers hate the fucking insurance companies
as much as we do.
You know what's funny?
The insurance company is almost like a money manager
in that like they're just taking a scrape.
They're not taking the risk.
Commissioned sales is all they are.
They're commissioned sales.
We're gonna go sign up this company, this company,
this company, and hospital if you want access
to their employees for their shit, right?
Here's what you, we're gonna pay you
and we're gonna be a sales funnel. They're just commission sales
Isn't that fucked? It is totally
I still don't get why wouldn't they be incentivized to buy meds from you if they can commit from you for you think because
They make more money
Buying the cheapest isn't not how they make their most money
They make their most money by saying that we're saving you money and
we're doing all these things but we're not showing you the actual information.
So if you think that like if they came to cost plus drugs and something cost a
hundred bucks but you don't know what the price of it really is and they charge
you 300 because you don't know what the price is they make more money. In other
words like they're getting the drug for the same price he is. Well, they may even be paying more. They may
even pay more than what we pay, but they don't care. But their Delta is crazy.
Because what they care about is that... Because the people don't know the real price of the drugs.
That's all they care about. They care about money. They could still even make a
little bit more by the same amount. The Sprint could be a little bit more, but they don't want
anybody to know what they're doing. So they'll let the drug companies take a little bit higher amount.
That's actually brilliant. Hey, none of these people know it's 10 cents.
I'll give you a dollar.
What's actually this place is called PBMs pharmacy benefit managers who act as
the middleman who do that. So they say, okay, manufacturer,
I'm going to give you, um, 200 bucks,
but you're going to give me a rebate of 150. And then I'm going to tell everybody I paid 200 bucks, but you're gonna give me a rebate of 150.
And then I'm gonna tell everybody I paid 200 bucks.
And then, this is so, there's like four different middle men
that are eating off the same thing.
Oh, we're so fucked up.
It is so fucked up.
But that's opportunity.
That's like where Elon is going on.
You really need security, bro.
Yeah, you really need security.
That's a honey pot.
That's a giant honey pot that's a
But but that is
What an absolute mind scan it's scan
But now let me people do you think actually knows Americans understand how the insurance industry the medical more more now because just recently
the FTC
Started going after the motherfuckers. Who inspired that?
I think we did, because we put out the first price list where there's researchers that
are saying, look, if Medicare insurance companies that work with Medicare bought through Cost
Plus, these nine drugs would save taxpayers $3.6 billion.
And then they just did a report from the FTC where they used our pricing to say, these
PBMs, the middlemen, they used our pricing to say these PBMs the middlemen
They're ripping off people left and right and so I mean we fucking no doubt
Absolutely, no doubt that we were right there because it all started when we started releasing our price list
So what happens when all those companies just adjust their prices to yours?
They're toast why because then all of a sudden these public companies
that have $100 billion in sales have a fourth of those.
And so should we be shorting those companies right now?
It's worth taking a look.
Now I'm not saying you're doing this.
I'm not.
But.
You are.
You are.
This is brilliant.
Now I'm not saying you're doing this,
but you know how the NBA teams, they want to build
a new arena, but they'll own all the real estate around it so that they could benefit
from developing that area, right?
It would be genius if there was a person that saw a white space or saw a super inflated
or bureaucratic market like, you know, the insurance business and shorted card, the credit card, the credit card, the
credit card, the credit card, the credit card, the credit card, the credit card, the credit
card, the credit card, the credit card, the credit card, the credit card, the credit card,
the credit card, the credit card, the credit card, the credit card, the credit card, the
credit card, the credit card, the credit card, the credit card, the credit card, the credit And it's still in business today, but it's a lot smaller. And I hired this guy to just go out and find public information, only public information
about bullshit companies, because there's all these bullshit companies, not the ones
that have $100, $200, $500 million market caps.
And he would find companies that were putting out press releases about this new warehouse
they opened, and so he would send somebody to the warehouse, no utility, nobody there,
all that shit.
And so, and I just, oh my God, I just killed it.
Just killed it.
And I would tell them, like, I'm sure they would publish
the article and it would say, this is Mark Cuban's
short position and yeah, just killed it.
Because they were fraudulent companies.
Frauds, 100% fraud.
Yeah, they were just cooking the books
and he just called it out and just waited.
Now with this insurance thing, you'd have to make sure you can take down
the insurance companies.
Well, because they're big and they're not stupid.
And so they're gonna react and come up with different ideas.
Fuck.
Are there any other sectors that you'd like to get?
Actually, let me ask you about a question.
What else do you think that you could be instrumental
in fixing on a government level?
Oh, I mean, just like Trump was talking about with Elon,
it's just common sense to fix a
lot of that shit.
But I think what's being missed is you don't just cut, like we talked about Vivek.
Yeah.
Vivek says you just cut out the Department of Education, give it to the states.
You can't do that for all the reasons I mentioned.
You got to say, I look at it and say, what's the problem we're trying to solve?
We're trying to get more results to the people who need them.
But like, give me another one.
Like, do you look at education and go, okay, I could fix
that.
Yeah, okay. So education, I would love to start a fucking college. I just don't have
the time to do it. Where you set it up like colleges today, they're paying administrators
$200,000 and up, and they're paying professors less than that and they're paying the TAs
that actually teach the class of the teaching assistants minimum wage.
And they fucking have, they spend more money on sports, they spend more money on the fucking
cafeterias and all this other shit.
The amenities.
Yeah.
And kids pick schools because the tailgating and the football games are better.
I'm like, how cool would it be if I had the time to start a business school
where I set all the curriculum and all this, but the problem, the challenge is,
you have to go through this accreditation process.
And that's all the old school fuck you type guys that are just gonna say, we ain't gonna do that for you because I checked.
And so there's like a boys club you're saying.
Getting accreditation is a beast.
And you don't like to schmooze with the politicians.
No, I'm not going to do that shit.
No.
Now the question then becomes you just start it and go to companies and say, it's not accredited,
but it's a degree.
It's not Trump University, but it's a real degree, real thought, real smarts.
And you make it so that kids really learn and are prepared to go out and do stuff.
But most importantly, you price it at a cost plus basis.
I think this is happening already organically on the internet, not as an education system.
Right, because you get all the videos and the...
People are doing DIY projects and people are like developing homes.
Oh, YouTube University is a thing.
Yeah, it really is.
So I think the next step of that would be an organized version of it.
Pull it all together.
But make it so they cover all the bases and you have a curriculum and they have to graduate,
but it's a thousand dollars a year.
And then I literally thought about, and I even talked to people in Dallas.
I'm like, okay, what if I took over a community college?
Made it free, did all the curriculum and made it two years, but it'd be a bad ass two years.
Okay, you could change shit like that.
You could take Brookhaven.
That's not the right way.
That's what I'm saying, right?
Yeah, yeah, yeah.
I talked to, you know.
Just school up.
Yeah.
And so you could do that.
And then the other thing is like, how do you reduce the cost of colleges?
And so they're like, you know, the Democrats are like, we're going to make college free.
Fuck, you don't do that.
Because then it's just like when people can borrow all the money they want to pay for
school because they'll give you all you want because you can't bankruptcy your way out
of it.
So when you have all that money coming in, tuition goes up.
Yeah.
You're incentivizing schools to charge more in a lot of ways.
Right, because there's no downside to them.
They don't have to deal with it if someone goes broke or can't pay for it.
But if you said, okay, I'm all for having free college for people who can't afford it.
But what I would say is you put out to bid in every city area, right?
Every like DFW, the New York tri-state area,
and you say one college is going to be free, just one.
The rest of you, you know, you all can bid,
but I'm gonna pick one that's free
and we're gonna do a 10-year or 20-year contract
and it's free.
And there's gonna be limited number of students
because of the size.
Now the people who really need to go to the free school
can go to it and get free college.
But the more important thing is by having a free college, it limits what everybody else
is going to charge in the tri-state area because they know they're competing for free.
So they have to be better and they can't be too expensive.
But if there's a limit amount of people can go to that school and we want everybody to
go to college.
You can always add a second one or third one.
But at least to start. So you have something to keep costs down. You can always add a second one or third one. Got it, got it, got it.
But at least to start.
So you have something to keep costs down.
You have a competitor essentially that's affordable,
which is the idea of the city or state college system.
Yeah.
And it's not bad, like New York and LA are not bad as states.
Yeah, California has a good state school
and New York has a good state school system.
Yeah, that is, that is an, but not every,
you're basically saying not every state has that. No. So you end up going to one of these behemoth universities that's
got 40 different pools for you to go swim at. You're spending 50 grand a year. You're
not really getting education. You know, I'm going to Alabama because the football is great.
I'm going to Georgia because of football. Maybe the education is great there. I don't
know, but it's still expensive and you're still paying for all those amenities. And
the prices keeps inflating because they know you'll pay it.
You can get loans and stuff.
Yeah, that's a good question.
How do we fix inflation?
There's so much conversation about inflation right now.
Inflation is fixed.
The problem is the prices that are already up are already up.
And so what you have to do, there's only a couple of things you can do.
What do you mean by it's fixed?
In other words, the inflation rate is like 2. whatever percent.
So it's readjusted. So it popped up to 12% or whatever. 9% and it's fixed? In other words, the inflation rate is like 2.9%. So it's readjusted.
So it popped up to 12% or whatever.
9% and it's come right back down.
And how do we tell that?
What is the indicator?
By the consumer price index.
And so the increase from one year in the consumer price index,
if it goes up 9% year over year, inflation is 9%.
If it goes up 2.3% year over year, inflation is 2.3%.
But going back to what I talked about when the decision on the pricing of oil and gas,
remember when I said Trump convinced them to reduce production?
That pushed up the price of gas, which made everything else expensive,
which then pushed up the prices of things. But now we are where we are.
So it's not about what happened before. And in order to overcome
that, you can't all of a sudden say, okay, sell those tomatoes for less. You can't say,
all right, I'm going to reduce the cost of energy or gas. And it's going down because
people aren't, you know, Trump says drill, drill, drill. Well, we've already been through
that before, where if there's too much drilling, the price craters, and if the price craters,
they're going gonna stop drilling.
Now question.
So let me go back, okay, before I lose this train of thought.
No, please go.
So you're not gonna all of a sudden say,
here's how we're gonna reduce the price of tomatoes,
eggs, or whatever.
So what you have to do is say,
how are people gonna make more money?
Because if, when it was like this, everybody's in pain.
Because prices went up too fast,
and you go to the grocery store, and you're freaked out by what you see.
And then you look and you look at your paycheck and you're like, fuck, it's not keeping up.
And so the only way to change that is when you look at that paycheck and say, yeah.
And so are you giving those raises?
So if you were making a thousand bucks a week and your grocery bill went from
500 to 600, that's paying. If you're making a thousand dollars a week and it goes to 1200
and your grocery bill goes from 500 to 600 a month or whatever, right?
Now you're good.
You're good. So you've got to get those earnings up.
So basically what we have to do is accept that this is where the dollar is. In other words, we're not going to bring down the buying power
of the dollar, bring up the buying power of the dollar.
It's not so much to buy power the dollar because it's domestic. In inflation, yes. It's not
100% sure. I'm wrong a little bit. With inflation, when inflation goes up, your buying power
relative to the past has declined. You're not going to really change that dynamic, but you get more dollars.
So it's basically easier to adjust wages than it is to bring down the price of tomatoes.
Because if you're a manufacturer of widgets or whatever.
I'm not going to start charging less.
Everybody accepted it's eight bucks now.
Right.
Now maybe if no one's buying it, when's these reduced to price?
McDonald's came out.
But that, so this is an interesting, This is why you know, you got to talk to like economists
about this, because the fact that people are not buying as many widgets or whatever it
is, because they're not making as much money is going to force them to reduce those prices
again on certain things. You can't grocery, you got to have eggs.
Well, well, to what he was saying is that now basically there basically, there's a delta that has happened since inflation.
Now that that inflation has been reduced, we haven't reduced those prices.
Therefore, they're just making more money.
Well, it's not that they're...
So, assume they're...
Their costs probably went up, too.
And so, their cost to do everything probably went up.
And so, when there's inflation, it's not just the things that consumers buy, it's the inputs
that go into making those...
Of course, everything's more.
...wishers.
It all goes up. So, some companies, like I've been in these conversations, hey, inflation's up.
We can charge more even if our costs didn't go up.
And that's the gouging.
It's not so much just what companies do.
What's the dance with the Fed interest rate that affects...
When Fed interest rates go up high enough, then it's harder to borrow money to invest in things.
Less liquidity, less investment.
Right, and then like, but when investment,
when interest rates are really low,
like they were for one or 2%,
then anybody can say,
fuck, I can make more than one or 2%.
Yeah.
And so I'll borrow, borrow, borrow,
bill, bill, bill, bill.
Essentially money was free.
Money was free.
So why do they, if inflation was so high, why did they wait so long to bring that?
Because they had to wait till things slowed down.
Because the reason inflation went down is because it was harder for people to get money,
for people to borrow money in that case, and banks were less likely to lend money, then
less money got down to the consumers.
And when less money got down to the consumers, And when less money got down to the consumers,
they spent less, so people had less ability to raise prices.
Companies had less ability to raise.
When there's less spending, they're buying less,
then all of a sudden the stores start going,
we gotta reduce prices, because nobody's buying.
So no one's buying our stuff.
What causes essentially inflation is,
not this isn't the cause, but there's more money
than there are things to buy.
And that's when the currency just.
Supply and demand.
Supply and demand.
But that's an interesting way to do it.
When you make money essentially free,
I'm too economically illiterate to realize it,
but in that time when it was free,
you could get it for 1%, what was it,
like 1.5% there was a time where you could get it.
That's when Bitcoin, a lot of crypto went up,
because fuck, I'll buy Bitcoin.
Take out the 1.5%, I'll buy Bitcoin,
and I'm gonna make what, 30% when everyone's going crazy?
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Question about increasing wages.
It seems like a very easy solution.
Is that something you can just do?
You can just increase wages?
Yeah.
To your point though, if it costs these guys more
to make the goods because of inflation,
then you're asking them to also pay extra wages.
Does it not put strain on them as the employer?
Depends if you're selling enough, right?
But it comes down to like anybody here,
if they're good and you wanna keep them
and they wanna stay ahead of inflation, they're coming in and saying, but like Tacoma Harris's credit,
she's saying we're going to increase minimum wage because if you're on the national minimum
wage, it's different here in New York, national minimum wage, $7.15.
There ain't nobody.
They can live on $7.15. Yeah. Now, if you're just a kid, maybe whatever, but if you're 16 and working in fast food,
okay. But like that's how you do it. And if you index the minimum wage to inflation, then
everybody has a chance to keep up. And so you can't, I think she's made a mistake by
talking about gouging. Price gouging is the thing. Like right now with Hurricane Helene, somebody's price gouging somewhere.
And that's what it was all about.
Where there's a crisis, you want to stop price gouging.
And 37 states have laws against price gouging.
So she's just saying, we'll make it national.
But it's not really a counter to that.
The real counter, and I think they'll end up talking about this, the real counter is
we're going to help increase wages.
And the reality is, they call it real wages when the amount of money that you're earning
is higher than the amount of inflation.
The real wages are significantly up over the last year, because inflation has gone down,
but people have kept on getting their increases.
So they're catching up on that inflation already. So, that's been critically important. And then, you increase the minimum wage. The other way is to
increase productivity. So, she's talked about using AI to improve the military, invest in AI as a
country. That's how you improve productivity. And actually, productivity has started to go up.
And if you look at manufacturing, there there's twice as, all this shit
that I've been just geeking out on, right?
I guarantee you, once the election's over,
I'm not remembering this shit,
but like there are 500, 5,000 unfilled manufacturing jobs.
And so when you talk about how do you improve productivity,
you gotta first have the people,
and when there's demand for people,
that also pushes up wages,
because when there's more jobs than there are people, you got to pay more.
You got to pay more to get. So we're on the right track. The bigger problem,
honestly talk politics, Joe Biden can't sell shit. He's the worst salesman.
Just going to say that. I'm like,
if things have gotten better during this administration,
why does everybody still say the economy is so bad?
Cause you know,
it's interesting how you've been positioned online and I think I felt guilty to it.
Like, you come out here, you're kind of like,
you're saying, come on, Kalma wants to do some good stuff,
but you're also saying that she's not
good at communicating this.
Obviously, you shitting on Trump.
You're saying Elon is the greatest on Petrubin or whatever,
but you know, I think you're actually quite fair.
I'm glad that you're sitting here,
because I think the positioning of you,
and I'm sure that there is money maybe behind this, but the positioning of you is that you're sitting here because I think the positioning of you, and I'm sure that
there is, you know, money maybe behind this, but the positioning of you is that you're
a critic.
I'm sure there's political benefit in positioning you as a radioactive operative of the left.
Oh, by somebody else, they're at me.
Yeah, yeah.
No, no, I think it basically-
Is he benefiting?
No, to your detriment.
Like the right wing, you know.
I can get shit out of you.
No, no, you're just getting hated online.
Yeah. I guess what I'm saying is like, if you have legitimate criticisms of the opposition, they No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, go, oh, he hates me. Right. That's the easiest way to say it. Exactly. I don't know. I'm just trying to say, I think it was helpful to hear you out.
But I interrupted you.
Go.
What was I talking about?
Oh, sales.
Sales, right?
Yeah, Biden.
So he's swinging.
Oh my god, it drove me crazy.
So put aside him kind of losing it.
By the way, having talked to him multiple times,
I think it really just accelerated over that period of time.
But put that aside.
That's already in the past.
But you know how they say, sell the sizzle, not the steak?
I've never heard that term.
You never have?
That's great.
Yeah, you sell the sizzle, you don't sell the steak.
Fucking Biden sells the steak.
He's going to tell you where the cow was born, what the fucking cow's name was, you know,
how many, you know, whatever.
And he's going to talk about everything but the sizzle.
He just couldn't sell.
And they were pissed because I've said that one time before.
And they were pissed at me, just somebody I knew.
But that's the truth.
He can't sell shit.
And if they could sell, then we'd be having completely different conversations.
Now Kamala has been doing this 50 days now, when she stepped in.
There's a process where she's got to learn to do it.
It's just, when you went to working for yourself, a podcast is different than a comedy. Absolutely. You have different things you have to learn
Yeah, it was just peculiar to see I still this yep
That's your water
The it's just just peculiar to see this immense support for her out of nowhere like when she hadn't even said anything
I think a lot of people like finally she's here
She's our hero and I think the knee-jerk reaction to anybody
who at least tries to be like unbiased
when it comes to the election is,
why the fuck are you excited?
She doesn't even say anything.
She isn't Biden.
And I think there was some relief with that.
100%. Yeah.
And I think if I viewed it as relief
and not she's the one true savior for us all,
I think I could have accepted it way more.
Yeah, I was bothered that there was no platforms
on her website for what, a month, two months, whatever,
no like beliefs, nothing on it,
just hey, donate by merch.
Well, okay, so two things there, okay.
So one, she did come out and she was the anti-Trump,
not in terms of what she said about him,
but just as opposed to I hate Taylor Swift, joy, right? You know,
positivity, which I think is important. If you're going to try to bring people together,
that's what you have to do. You know? And I forgot the second part I was going to say, but-
DNC, maybe the speed.
Oh, no, no, no, no. Okay. You're right. You're right. So, the second part of that is
if you all of a sudden just take over a company. Yeah. Well, first of all, let me take one step
back. Everybody who's ever worked for a company thinks they're smarter than the boss and would
do it differently than the boss. So when people say, well, why isn't she the same as Biden?
Like everybody else, you know, you're going to do things different than your boss if you take over.
But like now you take over and you can't just have everything in place
It wasn't like she was planning on running for president all of a sudden
It was just like damn you're the one you got to go out there and she you know fell back on what she does best
She gives the speeches. She gets everybody happy. She gets everybody fired up and then she start putting the pieces together
Which makes sense. It's interesting about like taking over over a company or even getting a new player on your team.
I'm an ex-fan my whole life, right?
Any new guy we get, the whole city is,
nah, he's the truth.
He's actually underrated.
He's gonna take us to a champion.
For sure, everybody's about their team.
And here comes Kat, right?
Exactly, exactly.
Shout out, Kat.
We love you, you're the greatest.
I think that was a good move, by the way.
Great move, great way. Great move.
But there is that excitement when you've already committed to the team.
I guess because I haven't committed to a team.
I don't consider myself either one, so there's no reason for me to be excited.
But if you are someone who's like, I identify as a Democrat, I'm a voting Democrat, everything.
That's a huge plus.
She's cat.
She's cat. She's cat.
Not cat, cat.
Cat, cat.
She had this person that was,
we had this person that was not inspiring at all,
and all of a sudden there's new leadership.
Bam.
Our team is gonna be successful again.
Right, 100%.
And now she's starting to talk, and they're like,
it's gonna be great, I'm gonna come in,
and we're gonna do things right,
we're gonna figure it out, I'm gonna learn the playbook.
Yeah.
And so she's the new coach coming in.
So it was like low expectations, and she over-delivered.
She did great in that first debate. And now all of a sudden people are like, wait a minute,
I was excited and now I'm not let down. Oh, wow. This could work out. And then look,
she's still got more things to do. Before Biden had that bad debate, like she did not know she
was running. So I think if she would have just like jumped out there with policy and doing a
whole bunch of interviews, she would have had way more missteps than if she would probably would have taken it from Biden. And the one thing she should not have been and isn't is fucking Biden.
Yeah, but she has a tough time going I disagree with him on that. Because it's your boss. Yeah, and he's still the boss in office. Oh, that is another thing. She can't say yeah, he's fucking up because you're there cosigning it. So've got to cosign the boss even though we you're about to come in and kind of flip it
So that is a delicate right? She's fucking changing everything on the border. Really?
You're right there you're letting them in He's like, Lucas Brothers to do that shit.
Can you play?
Can you play?
Oh my Lord.
Now why is she being harder on the border?
Yeah, because like Biden fucked up there again.
He went, I think a lot of this had to do with Bernie and Elizabeth Warren, where they were kind of like the trifecta together, and they fucked up opening up the
borders. They were just too open. And I actually, here's my take on Elon Musk on this. I think Elon
Musk comes across online as an immigration troll, but I think what he really thinks, I'm guessing,
is that because he's an immigrant, he thinks
when just people are flooding across the border and people hate those people, it brings on
hate to all immigrants.
That really is what is underneath his hate for them, that he doesn't really hate them.
But it's like, you're bringing on hate.
All this shit is bringing on hate for me and my family and who I am.
So there are people who worked hard to legally immigrate here and they're getting a lot of this hate.
It may look bad. Yeah. And I think that's part of why, you know, some Latinos and, you know, other
foreign nationalities, right, that are here legally are looking-
Oh, they're supportive of it because they're like, I'm getting all this backlash.
Backlash, right.
And I think that's kind of Elon's way.
And I think Kamala recognized that.
I really, really do.
Now, I haven't had this conversation with her team on it, but I think, you know, and
I think Biden was late to the party to figure it out.
And so he let, he opened the gates too much and she had to play along because that's the
boss and that's supposed to do it.
Why would they open the gates?
And I understand there are some certain like...
They didn't open them, right?
But they, you know...
They were looking the other way.
Yeah, yeah.
Just didn't do as good a job as they could.
And I really...
Nobody thinks they did a great job.
But you hear all these conspiracies about, and this could be like absolute nonsense,
but you hear these conspiracies like, oh, they want to let in all these people so they
can eventually vote.
I've looked it up.
They cannot vote.
They cannot vote. That's the alliance trolling.
So that is obviously trolling.
But is it that like one day their children will have more empathy
with the party that allowed them to be here and maybe they would have voted?
Well, I mean, it didn't work for Obama if all these people now are not voting for her.
Right. You know, it's just so what would be the justification for it?
Is it just so think about why somebody leaves their country
Yeah, they don't leave because every day is a holiday. Yeah fucking paradise. Yeah
Yeah, they leave because something's fucked up for some reason. Yeah, and I don't care who you are
There's got to be a part in your heart that says if you know
You're in Haiti and there are gang wars and people you know are getting machete the fucking death
Yeah, I'm okay. If you figure out how to get over here.
And so I think that was the sentiment,
but then it went too far.
There's a point of diminishing returns
where you have to say, yes, I feel for them
and I wanna help them,
but this is not the right approach to do that.
And there may have also been some people
taking advantage of that empathy.
People who are not in dire situations,
who are like, hey, I'm going to catch a lick right here.
Yeah, yeah, for sure.
It's easier to get a job in America than it would be here.
Or yeah, whatever it is. Yeah, of course. People are going to game the system one way
or the other.
Yes.
Always going to happen no matter what.
So then this is a perfect example of what we were talking about earlier, where like
the bureaucracy just gets kind of, what was it, it's like runaway bureaucracy where you don't
want to be the center that comes out and closes it because you're where your constituents
would be upset.
So you don't say anything.
It just continues to grow.
And now you have a problem.
All these people are heard.
Nobody's speaking for them.
It just blew up and now it's blowing up in your face.
Okay.
So we can all at least recognize that there is an issue at a border because some people
act like there isn't.
I think Kamala a little bit has been like, what are you talking about?
We've deported the most people.
Well, yeah, she's like doing protection for Biden. When you almost want her to
be like, we need it to be stronger. Pay attention to what she's doing. And so she said she'd sign
that bipartisan bill that Trump said don't do it, that would add 1500 border patrol agents and add
all these other features. And Biden actually did this executive
order that said, basically, we're going to get the number of people crossing the border
down to 1500. And said that just because you step foot on American soil, which used to
be the rule, doesn't give you the right to apply for asylum, which is the 180 degrees
from where it used to be. And to me, that's making a successful move. That's
doing the right thing. And now when you look at the actual numbers, and you guys can actually
look up the numbers, the number of border encounters is what they call it, now is the same
as when Trump left office pre pandemic. So it's not like what he was doing had had better impact. But the question,
and here's the zillion dollar question, what do you do with the people who are already in here?
So you saw some of these numbers that Fox News put out that came from 13,000 murderers and 16,000
rapists. True, factual information. What they didn't say though was they didn't just come across the last couple years.
Some of those people that are in the country are in prison, are
under indictment, and have been here ten, five, ten, fifteen, twenty, thirty, forty years.
They're trying to make it sound like this all happened under Biden.
It didn't. It didn't. You know, that's part of the bullshit that comes from,
like you said, you know, if somebody disagrees with you, they're going to find something to
throw at you. It's easier to make you radioactive than to have like a discussion about your ideas.
They are great. Both sides are great at that. Like the Democrats just call you racist or
sexist or whatever it is. And then the Republicans call you a cuck. You're a pussy.
One comes from the candidate, right?
And that's the difference.
Yeah.
Yeah.
But now we are where we are.
So the question is, whether it is 11 million, 13 million, Trump says 21 million people who
are not American citizens and aren't supposed to be here, what do you do?
Trump says you just deport them, but he doesn't say how.
And how he does it is everything. Because, you know,
can you imagine? It's so and so here. Walk in. Yeah. Remember that probably before your
time there was a little kid. Elion Gonzalez. Gonzalez. Yeah. Yeah. Yeah. The guns in his face was one. Yes, Elion Gonzalez.
Do you want every Hispanic neighborhood, every Haitian neighborhood to have 10 Elion
Gonzalez's?
He went back, right?
Yeah, he ended up going back.
Because he couldn't throw.
I think they tested his arm.
He said he was 12 and he was 22.
We're like, the kid is throwing 74 at 12 years old with location.
We're like, we got to keep him.
We find out he's 32 year old.
He's not even from Cuba.
He's committed to Cuba. We're like, the kid is throwing 74 at 12 years old with location. We're like, we got to keep him.
We find out he's 32 year old Dominican guy.
He's not even from Cuba.
He's Dominican.
He's great.
It doesn't matter.
If they find you on a boat off the coast of Florida, just say, I am Cuban.
Marks my uncle.
But think about it.
Okay, Elion Gazelle.
That's a bad look to be knocking on every door
and sending them back.
So they're basically looking at is there a tasteful way
to do it or do you find a way to not repatriate
but do you find a way to give these people
some form of citizenship?
So what Harris is saying is if they're a criminal,
you gone, you gone.
All these, you out.
If you're not a criminal, that asylum process,
you have to go through the paperwork and fill out,
and we're gonna track you on it to make sure it works.
Now, she gets a little vague from there,
at least as far as what I know.
But Trump, on the other hand, just says, you gone.
And I think that taps into the emotional reaction
a lot of people have.
Maybe they don't have a job,
they've seen their job get passed on to somebody who's not legally here, they have a lot of people have. Maybe they don't have a job, they've seen their job get passed on
to somebody who's not legally here,
they have a lot of issues with it.
So they're like, you know what, fuck you,
they're not gonna take my job, get the fuck out of here.
I'm not arguing with the sentiment, not at all.
But you have to think through,
if you're an informed voter, you have to think through.
What if Elion Gonzalez is everybody?
If that's your family, what the fuck are you doing?
What's Trump's approach, how is everybody? If that's your family, what the fuck are you doing?
What's Trump's approach,
how is it different from Obama's approach?
Obama was the deporter in chief, yeah, he was.
And I remember hearing some of those stories.
Yeah, no, he didn't just yank him out,
but he sent you the paperwork first.
You know, and there was a process.
Obama didn't even let his dad come.
You don't want him to send his dad back.
Go back to Kenya, bro.
You can't whoop, go.
But no, that is, yeah, I don't think that we should necessarily like,
ascribe the term like racist or xenophobic to people who want there to be a strong border.
I think we got to get away from that. A hundred percent. So there are Democrats that do that,
particularly online. Yeah. Right. They're going to call you names online, just like they call me
names, you names, all that shit.
But from the presidential candidate, you're only hearing that shit from one side.
You're not hearing it from both sides.
You don't hear her talking shit about anything, about anybody not named JD or Donald.
Yeah.
But I do think it is up to her to not let those extreme constituents sway her messaging.
No, agree, agree.
Most Americans want, I think, a strong border.
100%.
And I think-
Don't?
It's kind of peculiar.
You're like, well, why wouldn't you want a strong border?
You know, again, if you think that you're fucking going to get macheted if you don't
come, but-
We're all immigrant kids here.
We believe in immigration.
I'm second generation.
We wouldn't be here if it wasn't for immigration.
But you're allowed to have...
There's rules.
Only white people do it.
Yeah.
Only white people jobs, right?
No, no, no.
I think that's good.
Okay, okay, okay.
Listen, I know that you're a busy guy and we don't have a ton of time.
No, I'm loving this shit, man.
I'm loving it.
We just have a lot of questions for you.
No, I'm loving it.
Keep rolling.
I got nowhere to go. How do you feel about the climate of this election?
Trump, two assassination attempts.
Do you feel it's the fault of the media?
That's fucked up.
Nobody's fault.
Like I said, there's 330 million people in this country.
You're not going to be shocked if it's two idiots that do something.
Now, it would have been crazy if it was Haitian dude that did something.
Then you can maybe point a direct line,
but how can you account that dude,
the second one, who fortunately didn't get a shot off,
like, he was insane.
But it's still different.
It's not like this is happening every time.
No, it's happened.
Did you read that story about someone walked up
to Obama's car and had a gun?
Oh, I did hear that.
I think that there's assassination attempts
on every president.
We just haven't seen them this close since.
And actually getting the chat on.
The one to Trump was, I mean, Ronald Reagan, Gerald Ford got shot at and then they missed.
I think a quarter of all presidents, there's an assassination attempt.
That's what he said.
Trump said that.
They're like gas station attendants.
Yeah.
It's a dangerous fucking jet line.
Yeah, it's like GTA.
Did you think about that shit?
When you're considering running, you got to go, there's a 25% chance I take a bullet.
Yeah, yeah, that doesn't make me happy, no.
Yes, like I get the vote in your family.
Yeah.
Yeah, it's an insane endeavor.
Are you going to ask your family every four years
to see if they change their vote?
No, I'm done with that.
Oh, really?
Yeah, I'm done with that idea.
I mean, yeah.
But it does seem like you can make a lot of change
without having to. Like if you can change the way health insurance is done, that idea. I mean, yeah. But it does seem like you can make a lot of change without having to.
Like if you can change the way health insurance is done, that's no president has ever done.
Exactly right.
And that's been part of the conversation with myself.
And you know, that's my ego, right?
That's my arrogance.
It's just like, fuck.
Like when I'm said and done and I'm six feet under, that they put, he fucked up, healthcare.
People are like, done. Yeah.
Yeah, that's not, yep, sign me up for that shit,
as opposed to, he was president
and fucking unemployment was 4.7%.
Yeah.
Yeah, I assume, great.
You're like a guy who's accomplished a lot of great things.
You've probably think about legacy a lot.
Is this the thing that you're like,
this would be the hallmark? Not a lot, no,
just until this, just until this.
So this, you want to be the hallmark of your legacy is, I disrupted the entire healthcare industry.
Yeah, because if I cared about legacy,
I like put my name on buildings and dumb shit like that.
Or, you know, buy a sports team.
Yeah, buy a sports team.
But I saw it, yeah, saw it.
Yeah, yeah.
Sports team doesn't give you a legacy.
Generally not like a good legacy, like we're in New York.
And so, and I like,
And I like Jimmy Dolan.
I was one of the owners that really liked Jimmy.
He's a good dude.
Shout out Jimmy.
Great job with the sphere.
The sphere's fucking remarkable.
You guys might need one in Dallas, man.
I mean that sincerely.
For real.
It was breathtaking.
No, I remember going there,
when it was just being built in time.
No, Jerry Dolan's assassination attempt.
That's what we need in Dallas.
That's what he did.
Don't even say that.
That's his boy.
Don't even.
I like Jerry. I actually like Jerry a lot.
Yeah, because you can never look bad with Jerry.
Fuck that, come on.
Best owner in the world.
Fucking guy.
You're the salvation to everybody in Dallas.
You weren't a cowboy fan born, you moved to Dallas, you were born Dallas cowboy fan.
You would know.
No, I know, I grew up in Pittsburgh, and we got the Pirates.
And every time I went to Pittsburgh last week and saw some of my guys,
I can't go five feet without saying,
buy the Pirates, come on, yens guys, buy the Pirates.
Come on, yens guys.
Buy the Pirates.
And would you?
No.
You're done with sports teams?
Yeah, no more sports.
I mean, if my kids get older
and decide that that's really something they want to do, then I can
see doing it together.
What about, um, there's a thing with buying a sports team, right?
Where you get to depreciate the value.
I don't know if it's still the case.
When I first bought it, can you break down that tax loophole?
So it was you get to appreciate the value of your player contracts.
I thought it was the value of the entire team.
No, I think it was just a player. I don't remember. It's been 20-some years.
But I think it was just the player contracts that you could have.
Yeah, you can look that up. I don't remember.
But now that it's just so fucking expensive to buy a team,
you've got to be richer than me to be able to buy an NFL team or you know, even an NBA team by yourself
Yeah, those days are like long gone. I walked in it was funny as fuck
Like this is right when we sold broadcast calm and I was just getting paid and I still had Yahoo stock and literally
One day someone said how could you pay 285 million? Which is that time was the highest for an NBA
I remember they were like you're an idiot
You're fucking but that very day the stock price of Yahoo went up like a hundred
bucks which paid for the whole team. It's funny money it's all good. Now you
moved to Dallas in like 82 yeah what brought you to Dallas and then was that
the team you always wanted to buy? No so first of all I went to Indiana
University and I had a bunch of buddies that were
down in Dallas and they're like, you got to come down here. You got to come down here. What was the
reasoning? They said it's fun. Weather's a whole lot better than Pittsburgh or Indiana. And the
economy is good and the women are hot as fuck. I'm like, let's go. So I had a Fiat 77 Fiat X1-9
and it had a hole in the floorboard.
It was just a junker.
And you know, one of these had to put oil in.
And I got there, and there were five guys
living in a three-bedroom apartment,
and I'm like, let me just stay for a couple days
till I find a place to work.
Stayed there eight months, nine months.
Got a job first working as a bartender slash bar back
in a place called Alonzo on Greenville Avenue in Dallas.
Then got a job working in software, and that was my first real tech job.
And that's what kind of set me off.
And then, at nine months in, I got fired.
And I said, fuck it, I'm a lousy employee and started a company called MicroSolutions.
And that was my first real business.
Built that up to like $30 million plus in sales.
Sold it for $6 million.
I got two.
Another guy brought in, got two, another guy brought in got two
and then all the employees, we had eight employees, split a million and sold that.
I was 29, 30, bought a lifetime pass in American Airlines.
Oh you're one of those? Oh, partied like a motherfucking rock star.
So wait a minute, you still have the lifetime pass. I gave it to a friend. I gave it to my dad, my dad passed and then I gave it to a guy that I work with, saves me money on and all that.
You can gift the patch.
They let you do it one time.
One time. Yeah. One time.
They gave me a second time because I stopped using it because I got a plane.
So they cut me some slack and let me give it to somebody.
You got a problem with that?
We're an asshole.
I'm hyped that he gets free snacks.
There's unlimited pretzels on the American Airlines flight.
Wait, so what is the pat?
Anywhere you want it.
$125,000 one time.
Look at Junior Oliver.
Yeah, yeah.
You and a friend.
What's that?
You and a companion.
Yeah, me and a companion.
Oh yeah, you and a friend.
I forgot, yeah.
It feels worth it.
I sold my company.
Got the check.
Yeah, that's Alan.
I don't know if you'd like, they have them here, the old time steak houses where they have
the plugs for the phones and you can like call.
I'm fucked up.
I'm just fucked up out of my mind.
And my buddies were going, I mean like, like for barely speaking, and I'll be banging my
head on the cable.
And my buddies were like, what are you going to get?
Like another car, I'm going to get a car.
Another house, I got a house.
You know what I want?
I want to see if they have a lifetime pass in American Airlines. And you know how like when you travel enough you remember the number?
So it's like 1-800-433-6464. Bam! Do you guys sell lifetime passes? And they were like,
let me put you in touch with the Air Pass Department. I'm like, hello! Here we go! And so they sent me an
application, 125 grand for me and anybody else for the rest of my life. To be fair, it's 125 grand in the early 90s, so it's more than it is now.
Okay, so whatever the fuck it was.
But also, American is the hub in Dallas.
That's their fucking hub.
So, I figured out.
American Airlines Arena, too?
Yeah, yeah, yeah.
The hub is in Dallas.
Wow, you were...
I figured out, 12 cents a mile.
12 cents a mile.
Like, and so I moved to LA, because I broke up my girlfriend my girlfriend moved to LA and I was living in Manhattan Beach
And no lie like I'd go out to a club Wow
You've been to Vegas
Let's go to Vegas. Let's go to Vegas. My buddies are in dreams. Let's let's go to
Madrid, okay. Let's let's go to Madrid first class. What do you go to Moscow? Okay, let's go to Moscow
Oh, it was insane. It was insane, it was insane, insane.
You don't have to pay the taxes, nothing.
You just, it's done.
If I did, the statute of limitations is long gone.
Did American Airlines not think
they were gonna be around for a while?
No, no, no, they, like, most people just-
Well, was it like a million dollars today?
Yeah, it's probably like a million dollars today.
Okay, that's a lot of fucking money.
But they stopped them because there were some dudes
that were just like, fly, fly, fly, fly, fly. Because I also got my
air miles. You stopped it. No, no, no. I was just like, they're literally like a guy, I
remember reading about it when they talked about, they closed it and I remember reading
why. Because like a dude would fly from Dallas to Oklahoma City and back, Dallas to Arkansas
and back and back and back and back and back, do the double miles, triple miles. And so
he just had like a zillion miles he was giving out
and that was costing him a fortune.
Oh, he would fly and then give his miles to homies.
To other people.
What a guy, dude, what a mensch.
Yeah, mensch, yeah.
Yo, do you know the guy Andy Beal?
Yeah.
The banker?
Yeah.
Okay, there's a book that I read randomly about him.
About poker?
Yeah.
Yeah, I didn't read the book, but I know the story.
Okay, and. He's actually a good dude, I like him. About poker? Yeah. Yeah, I didn't read the book, but I know the story. Okay, and.
He's actually a good dude, I like him,
his kids are really cool.
So there's this banker in Dallas, if I'm not mistaken,
and he got into poker, and he really got obsessed with it,
and he thought that he could take on
the best poker players in the world
if he raised the stakes enough to make them uncomfortable.
Right.
So the idea was if they're just playing
for like lower stakes, then he's going to get
washed.
But once you get those professional guys thinking about a million dollars a hand, they'll start
freaking out and they'll freeze up and he can handle the losses.
Yeah, because he's really good at math.
Math genius.
Math genius.
But there's another thing that impressed me about him.
He tried to basically start SpaceX before SpaceX.
It wasn't SpaceX, but it was a private satellite
positioning company.
He was sending-
That I didn't really know much about.
So he was sending rockets into the sky,
and the idea was he could do it for cheaper than NASA.
And the US government undercut him.
And they started doing it at a loss.
Just to fuck him up.
Just to fuck him up, because,
and I understand you want to control information.
It's still fucked up.
This is a different time.
But it just goes to show like no one really talks about this guy.
He likes it that way.
He likes it that way.
Yeah, he seems to be private.
But like Elon figured out a way to do it.
And now it seems like the government works seamlessly with Elon.
Not so much.
Yeah, they still fuck with him, but still.
But it's a better relationship.
But Andy's a trip.
They're just straight up undercut.
He found a way to do it cheaper.
He could get the things up in the sky.
And NASA just came in and was like, ah, well, we'll do it.
Yeah, he's not a fan of the government.
That I know.
Yeah, he's definitely not.
But he's a good dude, man.
I like him.
He's just like loud and just like not real social, but social.
Like somebody you can't just sit and chit chat normally, but he's just loud and fun.
Let's go, you know, type guys.
I like him.
He comes to Mav's games to chill with him.
His kids come, good dude.
Interesting disposition to go after something like that.
Like you interface, and you are one of these people,
you interface with a lot of these guys
that I guess are big dreamers,
and they can execute these big things.
Do you find that there's a similar trait
that you all have?
Oh, good question.
Yeah, you know, that is a good question.
I think there is.
I think like Andy's a good example.
You just gotta be a learner
because you can't just fucking wing it.
If you're trying to build something,
either you can build it or you can't
and you gotta learn the shit required to build it.
If you're gonna run a business,
you gotta, you had to learn the podcast business. You had to learn the tour business. You had to learn the shit required to build it. If you're going to run a business, you got to, you had to learn the podcast business. You had to learn the tour business. You had to
learn the comedy business. And if you didn't, people are going to fuck with you. And if
you can't do it, then you're not going to build anything.
Yeah. Information is the gap really. A lot of people don't want to put in that intellectual
time. Don't want to put in the time. And it's just, you got to do the work. Like I can't
even tell you how many hours a day, like some of the numbers,
I would like, I don't even know how I remember that shit, but why the fuck was I even reading
that shit in the first place? Because I just read and learn. Because to me, like before the internet,
I used to walk through bookstores and just like sit on the floor and read books I couldn't afford.
And I'll be like, one idea, just give me that one idea that propels me.
And one piece here, one piece there, one piece there.
So I learned a lot about business.
And now like on Shark Tank, any type of business
can walk in and before the other sharks
even figure what the fuck's going on,
I know what their business is.
I know exactly what's going on and how it's gonna work.
Sometimes you tell them,
what kind of business you are.
Yeah, and you don't even know, right?
They don't even know.
You gotta know what business you're in, but you gotta learn. Like, what kind of business you are. Yeah, and you don't even know, right? They don't even know. You gotta know what business you're in,
but you gotta learn.
Like, what are the skills?
You gotta be curious, you gotta be agile
because shit changes, and you gotta be able to sell.
You gotta be able to sell your tour,
you gotta be able to sell your sponsors,
you gotta be agile because shit's changing every day,
technology's changing, sponsor's changing.
How much do you attribute to your killer instinct as the CEO
when you're looking at other people that are running companies? Like, are you comparing them
to yourself? No, not really at all. I mean, honestly, like there's investments I've made
where I still haven't met the people. Really? Yeah. Yeah. Cause I, like I do a lot by email
and I'll just barrage you with
questions via email and I can tell by how you answer whether you know your shit or not.
Oh, so you are assessing their personality. Yeah, but not necessarily the personality,
but their knowledge. Got it. Because if you don't have the knowledge, your personality
don't mean shit. There's, I just asked that cause like we had Dana on the podcast, Dana
White runs UFC. And he is so relentless.
Yeah.
And it was one of those things where obviously I'm nowhere close to the position to hire
Dana, but I would understand why somebody would invest in him.
Oh, for sure.
He's a beast.
He's a motherfucking beast.
Yeah.
And I respect the shit out of him.
We disagree in some shit.
We almost got into a fight one time.
No way.
In a fucking bar.
Dana tells a story because I was too fucked up to remember. He used to box back in the day too. He would've
kicked my ass. For real. I would've got my chops in, but he would've kicked my ass.
We were at a club in Vegas and just started talking shit to each other for whatever reason.
Because remember, like I told you with Trump, I was doing the MMA stuff and it kind of competed.
And so there were a lot of fighters like Fador who didn't fight for Dana because he didn't think
that he paid enough and this and that. So they were coming to me and we were starting to put
together some fights. And for whatever reason we got into it. Again, I don't remember all the
details. And Dana told me more than I remember. I kind of remember it. And it was just like, you know, more drunk shit.
But yeah, he said it almost happened.
We, it's funny because we did an interview together where we both got interviewed at
the same time and he was talking about it and I was like, what?
Oh yeah.
Oh yeah.
Yeah.
But he's one of those guys.
He's like, he is just going to walk through the wall.
He's just going to be a motherfucking beast.
And I imagine when you're, I thought at least,
when you're looking at people that are running businesses,
and I wonder if that's also how he thinks about it,
you have a certain personality, a certain disposition
that you're looking for to lead a company.
There are certain people you know will just,
they're gonna let him in.
That kind of personality, like me or Dana,
or even Elon, you're not working for somebody else.
So that's the other thing, it's like,
do you see that in some people and go,
this is gonna be a problem?
Ah!
For sure.
Like, you know.
You wouldn't just blindly write them a check though
and be like, you, you've got to do that.
Well, no, even like the higher up guys.
No, I've written checks to people I've never met before.
Like millions of dollars of people I've met
and I've done really well on it.
But in terms of hiring people,
and I really suck at hiring, I just,
I admit it, I know it, so I always try to get,
but if somebody's like that,
you're not gonna be an employee for long.
But what if you make him the head of the company,
you give him a piece of the company?
Still, he's not, like, it's still my company,
and if it's what I want, then he'll be telling me, fuck you.
So with that type of personality,
you need to just invest in them.
Like it's okay to get a job to learn
and get your shit together,
because you can be 21, 22 out of college
and you might have that personality.
But you don't have the information,
you don't have the experience.
Exactly, you don't have the knowledge.
And then sometimes not having the knowledge
is to your benefit,
because you don't know what you don't know
and you're not afraid of anything.
And that's the way I was when I first got started.
I was the youngest guy in the room.
I was like, oh, you're an idiot.
I'm like, okay, right?
Whatever, right?
But you ain't going to stop me.
And so if somebody has that type of attitude, they just got to figure it out on their own.
And it may not even be you want to give them an investment because they might zigzag and
pivot 50 times.
Was that you though?
No, I never had to pivot a lot.
Was it hard for you to work for people?
Oh yeah, to work for people?
Oh, I was the worst.
You need to do it your way.
Yes.
I mean, I got a job at Mellon Bank right out of college.
Pittsburgh, I assume.
Pittsburgh, yeah.
And so I wasn't there a long time.
And so I got this job and I'm reading this stuff and I see this thing.
I thought, oh yeah, the CEO of Mellon Bank who had tens of thousands of employees, one
of the biggest top 20 bank at the time.
And I just sent him a note to the CEO saying, hey, this could help you.
And he sent me a thank you note back.
And I'm thinking, okay, you know,
I just want to help my company make money.
And so then I did this thing called the rookie club
where I got a bunch of people who started right around me
and I went and found some VPs to go out to a bar,
have a drink with us and talk to us about the company.
My fucking boss went nuts, just nuts.
Because he was like, you didn't do this through me and you didn't, you know, work it all out.
Your direct report boss?
Yeah, the guy I reported directly to.
Not the big boss of the company.
No, no, no, no.
My direct report just went nuts on me.
And I literally started to cry.
I was such a, oh, it was bad.
I was like, I mean, I was just so emotional because I just thought I was doing the same
thing.
When I say cry, I wasn't sobbing, but I'm like, oh, my contacts hurt.
You know how sometimes you're just there, you're emotional and that
tear comes and it's like, you're not sobbing, but I'm like, Trump's next video is that he's
a cryer. He cried like a girl. But yeah, so like I get the little tear go off my fucking contacts, you know.
But yeah, I was not a good employee.
And then like I told you, the software job I got, your business software got fired there.
Interesting.
Yeah, I just wasn't.
But at that point, you know, when I started that company, Micro Solutions, after I got
fired from your business software, I'm sleeping six guys in a three-bedroom apartment.
I'm sleeping on the floor. I was the last one in, so I didn't even have a drawer. I had
nothing. So I had fucking nothing to lose. Literally, my car had broken down. That Fiat
had dusted. And the way I got a car, with my buddies, we're driving up by Richling College.
Oh, yeah, yeah, yeah. My mom went there.
We're driving by Richling College, and there's a fucking old school Trans Am on the side
of the road.
And it's just sitting there, it's not wrecked.
I'm like, I know for a fact, because my experience is somebody didn't pay to note on that car.
It's just sitting there.
So I opened the door and right there was the pink slip and all the loan information right
there on the seat of the car.
I call it the bag.
I said, my credit's for shit, right?
But I found this car for you.
Would you let me take over the payments?
Wow. That's how I got a car.
Now, I don't make these arguments a lot,
but like if a black guy did that,
he would be shot immediately.
I'm not gonna say, that was a joke, man.
I was like, you just opened up somebody's car.
What the fuck?
Well, there's nobody around.
It wasn't like there were people there.
It wasn't like it was in a lot.
It was literally on the side of the road with nothing around.
Nothing wrong.
No, I'm not going to just like...
Think of me, right?
I'm not going to do that.
No.
It was on the side of the road.
There was nobody around.
Just be honest.
You were about to steal the car and then you got lucky.
That's what really happened. You saw a nice Trans Am on the side of the road. Nobody around you were about to steal the car and then you got lucky
You saw a nice trans am on the side of the road my hot wiring skills were pretty good now
I'm curious to our young
Entrepreneurs or business owners. What advice would you give them to either scale or look for investors? Don't
Don't we don't know don't scale or don't look for investors Don Don't worry about... You grow your business at the rate your business grows.
Everybody wants their business to grow bigger, and you want to make more money. One of the biggest
mistakes entrepreneurs make is they worry about the top line more than the bottom line.
If I can get to a million dollars, that feels good.
But if you're spending a million.
Or if you're losing money or if you're hardly making any money, would you rather hit a million dollars, that feels good. But if you're spending a million. Or yeah, if you're losing money,
or if you're hardly making any money,
would you rather hit a million, and five million,
and 10 million, and then be losing money
because you're spending it on growth?
Or would you rather do 800,000
and put 200,000 in your pocket,
and then use that money to figure out
how to grow more profitably?
And so the biggest mistake they make
is focusing on sales over profits.
And they also, in terms of raising money, man,
unless you are absolutely positive,
you don't want to borrow money to start a business because it goes from being
your business to the bank's business. And the bank wants that payment back.
And if you don't pay it back, you're done and it's over.
And in terms of raising money, like if,
if you've invested in any of your friends' companies
or invested in any companies, no, okay.
I just have my own, but I'm asking you.
But if somebody gives you money,
or if you give somebody money, the expectation changes.
I would rather tell somebody, get a second job
and save your money until you've got enough.
Now, if it's too expensive and it's too much,
start smaller.
If you need some equipment, like you need a mold
that you have to pay for, and it's 60 grand
to make the product that you wanna make and send it out,
then maybe, but the richest, richest, richest motherfuckers
are the ones that own a big percentage of their companies.
Yeah.
Yeah, that makes sense.
And at the end of the day, all that blood, sweat
and tears that goes into it, you don't want to be coughing up 80% of it because other
people gave you some money. Keep it. Because to be a billionaire, there's one thing every
billionaire has in common. Luck. There's something that happened that made them lucky. For me,
like when we started the streaming business as audio net, like
we had no idea where it was going. And then all of a sudden the internet stock market
just blew up. If the internet stock market hadn't blown up, I wouldn't be sitting here.
It'd be like one of those sliding door movies, right? And I wouldn't be there.
So you're saying it was the timing of the idea.
Yeah. Yeah. Timing in the fact that the internet stock market blew up.
Oh, because that purchase from Yahoo.
Right, because we went public.
We went public and we had the largest first day jump in stock price of any company in
the history of the stock market when we went public.
And all of a sudden, I was worth $350 million and then the stock market just kept on going
up and up and up and up and up. And we're
like, oh, fuck me and my partner, Todd, we could be billionaires. Like for real. And I'll never
forget. Never, ever, ever forget. So back in the day on a PC, like you use Yahoo Finance and you
know how you hit the F5 key to refresh? I'm getting up, I'm naked, I'm sitting in front of standing in
front of my PC because I know I'm close.
Hit a billion, did my little naked billionaire dance, went back to work.
It takes a little luck.
And I'll never forget that moment.
What was the expectation going into it?
Did anybody say you guys could get the B?
Okay, okay.
We knew that was possible because I remember having a meeting with our employees and saying,
look, either this thing is going to be worth five billion or more dollars or we fucked
it up.
Because the idea of taking audio and video and putting it on the internet, nobody was
doing it at the time.
And it wasn't like no one was going to think of it, but nobody was doing it.
And we just went full bore, just balls to the wall.
And I mean, we were YouTube before long
before YouTube, like 10 years before YouTube, 11 years before YouTube even started. And
like we dominated, literally dominated all things multimedia on the internet. The first
anything that's ever streamed, we did it. No doubt about it. Yeah. It was insane. So
we knew we were killing it. And, um, But then when Yahoo comes along and offers us $5.7 billion in stock.
So they offered you $5.7 billion in Yahoo stock.
You get the Yahoo stock.
Do you liquidate?
I couldn't.
For how long?
Six months.
And so what I did was I took every penny that I had and I checked with my lawyers and I
shorted the internet
index.
As a protection for your five points?
Every penny I had.
So it's like taking insurance out on your NBA contract.
Yeah, exactly.
Oh boy.
So just in case the internet bubble pops, you're protected on the opposite side.
Did it pop in that time?
Well, not that time.
Right? So I not that time. Right.
So I lost that money.
But what I did immediately when I was allowed to sell it, because I couldn't sell it all
at once, it was just crater of the market, whatever, I did something called a hedge.
And what the hedge is, you can sell options.
So I sold call options, which gives somebody else, somebody paid me for the right to buy
my shares of stock
at a higher price at some point in the future. And I took that money and I used it to buy puts,
which protected me in case the price of my stock went down. And so this is like, yeah, and it was
called. So when it popped, when it popped, I actually made more money. It was called one of
the top 10 trades on Wall Street in Wall Street history. Okay, so you made the 5.7 billion. Yeah, 5.7 wasn't all mine. So I made like a
third of it. Okay, so you're at 1.9 minus taxes and bullshit. But it's you're not being
taxed yet, right? Because I hadn't sold it. But yeah, so of that 1.9, how much do you
make when you short it? So when I when it, I lost the 20-some million dollars.
When I shorted the index, which was the first protection, I lost all that money.
That's fine.
Doesn't matter.
I was happy about that.
It's good.
You'd rather keep the stock.
And then, because then, like the next day, I could put on the hedge, which the sell the
calls and buy the puts.
And that worked out over three years because I don't want it all coming in.
So it was all planned out over three years.
And pre-tax, I probably made an extra 30, $40 million just because of that.
So you got your 1.9 out plus another 30 or 40.
Yeah, plus a little big.
And then it wasn't all at once.
It was like over three years.
And then I had to pay the taxes and all that stuff, which I was glad to do, you know?
So you pay the taxes, let's say you leave.
But let me just tell you, right in a,
whatever it was, $250 million check.
Yeah.
Oh no, because it's what, 20% the corporate tax rate?
Well, back then it was even more.
It was back then it was even more.
Which is, I didn't care.
I didn't fuck it, yeah.
I was like, you got the fuck you money.
Hey, I got the fuck you money.
Yeah.
Do you, and I know we gotta wrap this up too, but do you, when you make all the money
that you ever needed, did you go through a time where like you were concerned about motivation,
where you were concerned about like what you want to do with the rest of your life?
Like was there ever like a sadness that came over you?
No, not really, because I mean, I'm just, I'm competitive.
I like to compete.
So you knew that you had to channel that into something else.
You weren't like, I'm going to retire until I'm on the going to retire. If anything, like, like everybody gets imposter syndrome at
some level, you know, and including me. And so it was like, okay, can I do it again?
So interesting. Even doing it once, you're like, did I just get lucky? Can I do it again?
You win the NBA championship. That's still not enough. You gotta keep going. So at a certain
point, when you have fucking money, your family's good. Everyone around you is good
You still have to keep on getting back on the bike if to be a human being meaning like you can't just sit back relax
Because that's not me. Anyways, not me different people are different
I guess some people could write a book or do other bullshit
Yeah, but to me business is a sport you enjoy the act
I love like I tell people if you're gonna compete with compete with me, I'm going to fuck you up.
You know, that's just, you know, it's like, I'll still go out there and pretend to play basketball.
Yeah.
Can't do what I used to, but at the same time, I still want to compete.
And if someone wants to bang with me in the pan, I'll bang.
I don't care if you're 20 years old.
Let's get after it.
Let's compete, you know.
That's interesting.
And I think that's a good mentality because I think there are people that reach certain levels of success
and then they retire.
I think they're kind of miserable.
I don't get that at all.
Have you experienced that with some people?
Yeah, I've talked to other people that I'm retired.
Like some of my friends that I grew up with,
it's not that they made a lot of money,
but they worked a job the whole time
and now they're retiring.
I'm like, what the fuck is that?
What are you gonna do?
They didn't love the job.
You love what you're doing.
Yeah, I love what I do. What are you gonna do, They didn't love the job. You love what you're gonna do. Yeah, I love what I do.
You know, what are you gonna do, jerk off all day?
Here's my Tadilifil for, you know, 90 minutes.
Yeah, check, check.
You know?
That is, yeah, that is interesting.
Falling in love with the process
and then just transferring that process to a new role.
It's like sports.
You guys play sports and you just get into it.
You know, why do you go and play pickup all the time?
You know, couple reasons.
That sound and that feel, the ball going through the hoop, right?
And then just the competition.
Like, talk trash, you're out there.
That's the beauty of pickup.
You can go anywhere in the world and hoop and play, and people all know the same rules.
And you talk some trash, but not too much, and bullshit, but if you win, it feels good.
The weekend is made.
Yeah, and it's just like business is the same way to me.
Yeah, that's good advice, that's good advice.
I think a lot of us, especially in entertainment,
you're like, okay, I'm gonna get to this point,
and then once I do that, I don't have to do anything else.
And it's like, no, the joy has always been the craft.
Yeah, and plus, as you get older,
it's harder in entertainment, right?
Because it's harder to connect and relate.
The audience changes, your audience matures, and everybody goes through that.
Do you know I've been nominated for six Oscars and won an Emmy?
Smartest guy in the room?
Yeah.
For what?
First movie ever greenlit.
So I got an email from this dude named Alex Gibney, a director.
He goes, I have this video from this company called Enron.
I know who Enron is.
And he's like, yeah, show some shady shit.
And I'm like, you own the video?
He's like, yeah.
And I'm like, what's the budget for this documentary?
He goes, 770,000.
I'm like, I'll do that.
And so I literally green lit it in 12 minutes
and he creates this documentary called Enron,
the Smartest Guys in the Room, which is insanely good.
It's great.
It's great.
Actually great.
Yeah.
And back then it was a top 10 documentary in revenues.
It's not close now, but got nominated for an Academy Award.
Then the next fucking year, right, my partner Todd says, we're going to invest in this movie.
Are you in?
I'm like, sure.
It's about the McCarthy trials and it's in black and
white and it's got George Clooney and all these other folks and it's called Good Night
and Good Luck. Good Night and Good Luck gets nominated for six Academy Awards. We didn't
fucking win any of them, but we had an Academy Awards party at Dan Tanna's and I swear I
was doing body shots on Cindy Crawford, sitting next to Madonna, trying to get her to do shots.
It means she wouldn't do it.
It was, and my pregnant wife is sitting right there.
Trooper, trooper.
Yeah, it was insane.
I remember that time.
I remember just, you had like a real Midas touch.
Everything was just boom, boom, boom, boom.
It was boom, boom, boom, boom, boom.
Yeah, but then you haven't heard of any of the other movies
we've done since then. Sharknado 3. The best thing about that movie right I told him you couldn't
kill me you cannot kill me because if there's going to be another one I want to be able to come back.
You want to be in Sharknado 4. You can't not be in Sharknado 4. Watching them kill everybody else so like Lou
Farigno the Hulk right he's like a security guard in it and he died for protection for the president and he dies. And so you have to, they have
to go through this whole thing to die before they put the special effects. And so there's
fucking Lou Ferrigno and Rick Fox and all these other, and they're laying on the floor
going, that's the funniest shit ever. So yeah, Sharknado 3 was a moment in history.
The happiest moment outside of family, kids, et cetera, is it the NBA championship?
Yeah. Yeah.
No, I'd say-
The picture of you at the urinal holding the Larry O'Brien trophy is funny and iconic.
No, you know what? I would say getting the money from broadcast.com was number one.
The NBA was number two.
Yeah.
Because that's opened the door to everybody else, everything else.
But yeah, and I remember, so I had to piss.
We were just drinking beer, da da da da da.
And I walk in to take a piss and I have the trophy.
And I'm thinking, and there's cameras behind me and I'm thinking, if someone gets a picture
of this, it's going to be iconic.
The best picture ever. And there's literally a picture of me like yep.
Can you get it up?
Oh he got it.
Okay so that's so the first big sale is the best feeling but the championship
was amazing because there's so many variables.
Let me just tell you it was also anti-climatic.
Why?
Because you know it was like it happens and oh you guys
did it in Miami. Yeah. Oh that's right. It wasn't at all. Dude I watched that game with you at a
friend's house. Yeah yeah and Dirk was just unbelievable. Unreal. And he just carried all it was.
By far the best player ever. But that yeah there we go now he's talking. But he started what one of 11 in game six. Yes.
And I'm so used to heartbreak as a Dallas sports fan.
We just thought for sure.
I'm like, are we fucking what's going on?
But then.
Then he came back the second half.
But I'll never forget.
So the worst part of it, I'm super stupidstitious,
beyond belief.
And so if you ever watched any highlights,
and they show me from that series,
I'm sitting there like this.
I've got a dyed Coke right here.
And every time we have the ball, I
have to take a sip of the diet coke and
Put it down and straighten out the straw because if I don't we won't make the hoop
So we get there and I'm gonna have to piss at these people. For sure, for sure. For sure.
But, but, but, so we get there, and we make a bucket, there we go.
That is a fucking fire picture, dude.
And so we get this bucket to go up ten by like, with like 31 seconds to go.
And I'm like, oh my god.
It was a lean in, I think, yeah, a dirt shot over this bush.
And I'm like, oh my god.
We're to win. And Brendan Heywood was here, Brian Grant, a guy who works,
was there. Deshaun Stevenson was right there. And I've got my arms around him and they're just
holding me up and I'm just screaming at the top of my lungs because the best part about it was
the stress release. Because the uncertainty of whether or not you're going to win, like we had fucked up in 2006, and you just don't know.
And just that release, that moment of screaming at the top of my lungs was the best part.
You screamed before the game was over?
It was over.
30 seconds.
I'm a Knicks fan.
30 seconds is a lifetime.
That's Reggie Miller, right?
Not only did they lose 2006, 2007, I don't know if y'all remember, you remember, there
were 67-15, best team in the league, everybody thought, okay, this is the year they got it.
First round, I'm watching the whole thing, dude.
I'm a Mavs fan.
We're losing to Golden State, just getting dominated.
And that's when I was like, it was a foregone conclusion to me we were going to win this
year.
What the fuck is happening?
What do you think happened?
Dirk won the MVP.
Because the team we played was our former coach.
Yeah, Don knows.
So he had all the ins and outs every week.
Yeah.
Yeah.
But when you win, like I remember going on the court, hugging everybody and just screaming.
And then it was like, let's party.
But and the party was good.
But you know, but it wasn't like, it wasn't like world change.
It wasn't like the clouds opened up.
It was the stress.
The angels, yeah, more stress than anything else.
It was almost anti-climatic once we won.
Once it happened.
Yeah.
That was the happiest I've been as a sports fan my entire life.
Because when the Cowboys won Super Bowls, I was too young to know.
Yeah.
I was like, oh, that's what you do.
This is adulthood.
The Cowboys go to the Super Bowl. I've seen every heartache.
I've seen them be shitty in the 90s before he bought them.
So I remember being like, oh, this is this could never happen again.
I'd be happy.
Was there was there like a player on the team you were really happy for?
Was there someone who you felt?
Yeah. Yeah. And Dirk. Yeah.
Those two guys, because they J.
Kid was 38 and Dirk was 32.
And so, like, come so close, come so close, come so close.
And so for both of them, I was really happy.
That's why we built a fucking statue for Dirk.
Yeah, that was awesome.
Is there a really, like, behind the scenes story
that nobody knows from that championship run,
or maybe just even the craziest thing you've seen as an owner
that you feel comfortable talking about?
Shit.
There's so many things.
But just from that run, one of the things,
it wasn't crazy, but it was just cool
that everybody got together and said,
we're wearing black on game six.
Oh, before game six, yeah.
Yeah, before game six,
because you wear black to a funeral.
And I was like,
oh, yeah. Okay. Let me get that. That's a confidence thing. Yeah. Like, because that
backfires. It really, because I've seen it since then. I don't know if we were the first,
but we were one of the first. And since then, I've seen it backfired. Yeah. Yeah. And if
that backfires, it could break you for game seven even. Right. There's this public embarrassment.
Yeah. Whose idea was the? I don't even know.
I don't even know.
I would assume Tyson Chandler.
Yeah.
Shout out to TC.
Because I was doing interviews and walking by their locker room,
and they had just started the champagne and everything.
And I didn't know what I didn't want to miss, but I had no idea.
So Tyson saw me and he goes, cube, get your ass in.
It drags me, drags me in there.
That was also one of the best moments
when you're doing what you see on TV everywhere.
The champagne, the screaming, and the goggles or whatever.
Everybody getting soaking wet.
I remember I knew how euphoric it was for you
at a post-game interview.
You just go, shout out to the Dallas fans.
We pumped the shit out of Miami fans.
I can't believe it.
On ESPN, I was like, this guy's, this guy. It was live on TV. I watch every minute of the post-. And I can't believe it. I can't believe you remember. I was like, this guy, this guy.
I watch every minute of the post game.
I'm out of Dallas.
I was drunk as fuck.
I was drunk as fuck.
And caffeinated.
No.
I was drunk as fuck because we had the champagne and the beer and I was just pouring it.
Hanna Storm was so confused, dude.
She was like, all right.
And I told her, I even said it.
I might curse because I'm a little bit...
And she's like, whatever is life.
You gotta let that rip. NBA champion, man.
Okay, follow up.
What do you need to do that again
for this team with Luca?
Clay Thompson.
I think that's a big difference.
The West is so tough.
But we'll be better than we were last year. Derek Lively had an incredible rookie season. He's going to be better. P.J. Washington and Gaff,
we got mid-season. They'll have more time with us. They'll be better. Kyrie and Luca will be
Kyrie and Luca. And then, you know, Jane Hardy will be better. But you had Clay Thompson. And,
you know, in Golden State, they had to have him on the run, right?
He had to be motion all the time with us because Luke and Kai can create for other people.
You just need to stay in the corner.
You just stand in the corner, just stay in an open spot where you're most comfortable.
It's not like Steph couldn't do it, but you know.
It's just not their offense.
Yeah, it's just not.
Yeah, yeah.
And so I think that's really going to be.
And also Luke and Kai just demand so much attention.
So much. And then defensively, like where our season really turned around last year is when we
made the decision to always have either Gaff or Derek Lively on the court. So we always had a
shot. That changed everything, everything. Cause we went from 26 and 23 to like get into the
playoffs and doing some damage. And so that was, I think when you bring that back,
we get a little bit more cohesion
because like even though it was the playoffs,
you don't have a lot of time to practice.
So we'll be better.
The problem is the entire Western Conference
is going to be bad.
They're fucking good.
I'm really astonished you all recovered
from the Jalen Brunson departure.
Yeah, I mean, Jalen, to his credit, just got a lot better.
You know, I did hit their podcast just because Jalen asked me.
And he wasn't as good, nearly as good.
If he was the same player he is today, we would have maxed him out.
I mean, we saw a little glimpse, I think, in that playoff run.
He dropped like 41 games.
He had a good game against Phoenix. And then we lost to Golden State,
but I remember thinking, I didn't think it'd be this,
but it seemed like he just wanted to go to Phoenix.
He wanted his own team, for sure.
He wanted his own team.
He was always gonna be second to Luca.
Just give us something.
We'll take something.
I don't know why you took that paint cut, though,
for y'all.
No, I'm telling you what, we would've paid him more,
but that's, you know.
Explain this, because my understanding is, one, it's amazing that he's even willing to do it,
but is he also basically holding out for the new CBA where he'll be able to get like max half a billion dollars?
I mean, he hasn't told me this, I'm just guessing, but he's like 28 now.
And so he did a three year deal, I think.
Two or three.
Two and an option. So, so we'll probably opt out
So he's 30 which is he's young enough the new CBA kicks in and then the daughter's gonna be insane
You don't want to have the five-year deal where now you're 33 and ask him for another five years. You're
Exactly, and I'm sure you could buy that insurance thing
I don't know if players always did this but the idea idea that you could insure against. No, you can and you do. That's so smart. Like the teams pretty much have to insure their top four
players. Well, the teams insure for themselves, but the players are starting to insure. No,
and they know that. Yeah, they get that. What a smart thing, especially if you're going,
you know what? I'm going to take a one-year deal because I'm waiting to see what else is in the
market. You can insure against a future max contract.
Yeah, whatever you want.
Yeah.
But it costs you more.
But yeah, it costs more.
But still like, comedians should do that.
Nobody wants us next year.
We don't have that supply and demand.
For a tour, the weather, the, you know, actually, you do the weather for sure.
For weather, for cancellations like that, 100%.
No, even for like getting sick or anything,
we have a tour, like, in our parents.
What is it called, like outside factor
that could stop the show?
Yeah.
But you can't insure for,
I don't wanna go on tour next year.
Yeah, right?
I'm tired of that shit.
Yeah, that's gonna be a grind.
How much of a grind going around the world like that?
It's, we're the luckiest people on the planet.
No, but I know, okay, but how much of a grind?
Honestly, it's not that crazy, like.
Cause I couldn't imagine, like all that travel,
all those things. I get tired.
I do, my body breaking down.
But you, you, you, the elements fuck with you a little bit.
You get sick easier and shit.
Yeah, I can't sleep, I got insomnia.
Yeah. You can't sleep fucks with you.
Nah, he's, I don't know, I don't mind it.
It's more...
This is what it is.
If you were just traveling the weekends and then during the week we got to hang out, that'd
be fine.
Of course.
I got an eight month old baby.
There's a lot of...
We're doing pods all week.
You come back.
That's when it gets crazy.
That's brutal.
But if you just weekend warrior comedian like I was early in my career, you're playing pickup
all week and then you go on the road and tell jokes. It's like... What's wrong with that was early in my career. Like that's fun. You're just playing pickup all week
and then you go on the road and tell jokes.
It's like, what's wrong with that?
You and the nose.
Exactly.
Now they all think you're talking about me,
but we're talking about Brian DeMaris.
Never when I've been spoken about with someone else
have they referred to the other person as a nose.
We've been calling nose, nose for 20 years.
Yeah, shout out to Maris, man.
So there's a guy who, he works for you, you said. He worked for me, yeah. And now he's an onis man. He works for you, you said, and now he's in On Air for the mouse.
He's the guy that cooked James Harden. Anyway, he would open for me randomly when I would perform
in hyenas when I was in Dallas. He actually took me to the practice facility once. Oh yeah? Yeah,
it was sick. Great practice. You guys had ice baths and shit yeah we got it was popular got it done early yeah it was
it was cool stuff anyway dude thank you so much we can talk
about this is amazing thank you so much this is great man best podcast I've ever
done it was