PBD Podcast - Tom Ellsworth (Biz Doc) | PBD Podcast | EP 68

Episode Date: June 18, 2021

In Episode 68 of the PBD Podcast Patrick Bet-David, Adam Sosnick, and Tom Ellsworth sit down to talk about topics such as Donald Trump set to visit boarder before Kamala Harris, ‘Big Short’ investor Michael Burry, eBay banning adult-only items and much more! Watch the full episode on the PBD Podcast YouTube channel: https://youtu.be/6ixJXhMmZjA --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

He's got the mango he got the mango Tiffany, right Tiffany. Yeah, so I got a gift today. This is it this is a mango, right? Yeah, this is what it is. Yeah, not a mangrove a mangrove is a plant. You can't cut David. Do we need to do a mic check? We are a time to do a mic check my check. Yes, Tom's very loud unless you were just yelling out. He was just cool I was your home. Okay. No whispering Tom. No whispering He was just cool. I was your hon. Okay. No whispering time.

No whispering. This is the time elsewhere at the end of the day. Energy up. Energy up. I'm here to tell you. Energy up. And argue a little bit. You know what I mean?

Let's impose your argument. Don't just be... Tom, I know we're friends in real life. We can pretend we're not friends on the show. It's fine. you I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that.

I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. You fight you oh Fist fight you you're not city. We are live. Are we live or not? Are we allowed to tell people that you're in New York City? Oh We officially I'm allowed to tell people you're in New York City. No, you're not allowed to tell me

Don't tell anybody. It was a New York City. Nobody needed to know that you're in Italy or in South Florida Which only feels like New York City everything they have to do with this mango have you ever had somebody walk up to you Tiffany Just walk some yes. Here's a mango. Yeah, like had somebody walk up to you Tiffany just walk some yes Here's a mango. Yeah, like what do I'm gonna do for you? So Tiffany if you're listening to this Thank you Tiffany. I appreciate the mango to start off the mangoes. Yes, we got by you know what they say about mangoes though Here we go. Oh, if you're man ain't treating you right you gotta let that mango. Oh really? All these jokes I'm gonna tell you I'm gonna tell the Mrs. Bisdoch, what do you call your wife again? The Bisdoch babe.

Yeah, let that man go. The Bisdoch game, Trin, you're right. By the way, somebody said they're running late. I gotta give shout out to FACE comments. FACE said, Pat forgot to fill his tank and is waiting on Triple A to fill it up. There we go. The other day I'm going to, what do you call it?

Global what? Global what? Global what do you, global entry? That's what's called global entry. Yes. Yes, I'm going to global entry in for Lauderdale. And I'm driving down. You got it now.

First of all, the traffic is insane going over there. And the bridge at Boca when it goes up, at least it's like two minutes. The bridge by the port that went up was 20 minutes. It was a massive bridge. Oh, but poor night. Whatever it is. Yes, whatever it is right by the massive FLO.

I'm waiting for this thing to go. Finally, I make it about my cars at zero at this point. I have no, for about 15 minutes, I've been at zero miles and I post the picture and I'm like, it's over. This is gonna be like my 50 time I'm running out of gas. And I'm optimistic. It's the attitude of an optimist. I think we're gonna make it.

I think we got 10 more miles on empty. I think we can pull this off and do the impossible. And you know what, the Shelby set? The Shelby set, you're right. The moment I found this gas station, thank God for the Chevron right off the bridge. I pulled up, the truck turns off. Turned off.

Turn off. So that's what happens when you run out of gas. and about it. No, I mean, I know what happens when it goes like this. It's kind of like joke it. I'm like, joke a little bit more. Boom, made it to the to the what he call it the pump and I drove up to it with the cars off filled up the tank. It would only let me fill up the tank as it's the big Shelby. I was only able to put $100. Got back in and took up. And I went to the TSA pre.

Watch this. I pull up. I'm 25 minutes late. Caroline calls to tell him he's late. The lady gives her the biggest attitude, right? And I go in, I don't have a mascot. I'm late. I'm already like, you know, I'm like, oh my gosh.

Strike two. Strike two and then I'm all, you know, cause I was with them for 10 years. I miss one appointment and I haven't had it for the last year. So I've just been using clear, but again, clear and TSA is better than just having clear. Pull up. Are you bed David?

Yes, follow me. Like yes, ma'am, nope, I said, ma'am, I'm so sorry. I said, sorry, you know how late you are? I told the lady that called me. Don't even bother showing up. You're lucky we're meeting with you. I'm like, I totally apologize. I was, and you know, all the stories,

it's like a sales instructor. What do you say? My cat, my homework, you know, I'm telling those stories, but it's the real stories, I'm like, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you,

I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you, I'm telling you. I'm like, God fair enough. So I sit down then the next lady comes up. She gives me another attitude. I'm like, okay, how are you? Where are you from? I'm from everywhere. Oh yeah, me too.

I've been everywhere too. So tell me where everywhere is to you. And it's like zero personality, right? Finally gets done. And I say, man, again, I apologize about being late. Do not be late five years from now when you have your appointment. I said, I will see you in five years. Five years.

You will never see me in five years. Because when you're coming, I will never be here. I'm like, okay, I don't know what the... Sounds like she's happy to be there. Sounds like she's happy to be there. I get in the car I'm leaving. The next day I'm interviewing Michael Malis. Michael Malis is what he call it.

He's the guy that is the anarchist. I don't know if you heard of Michael Malice, the anarchist. So we sit down, we're debating. He is a full on believes in anarchism. The America is a better place without a government and we're going through. He says, have you ever seen how the government treats you when it comes on the customer service?

I said, absolutely. It hasn't happened. It hasn't matter if it's back to an hour ago. So you were going just for a TSA appointment, not for your flight. No, no, no, I was just going for, yesterday I went for my flight. Two days ago, I was just going for yesterday I went for my flight. Days ago I went for, you know, for, to getting.

So we'll see what's gonna happen. Hopefully we'll get to the whole point. No, no, no, he was going in the second most valuable number you have. Outside of your Social Security number is the number on the back of that global entry card, which is your TSA pre-number. It's, it is ridiculously valuable. All right, so let's get into it. Gang, a super chat, you already know the deal when it comes on to super chat. It's good is ridiculously valuable. All right. So let's get into it. Geng, uh, uh, uh, super chat. You already know the deal when it comes on to

super chat. It's good to be with you. We got a lot of different topics to go through apparently renal the cost Coca-Cola, four billion dollars by simply saying Coca-Cola is not good to drink. You got to drink water. And he simply moved it. Just really just said, we'll talk about that. Hunter Biden is starting a career, full-time career as an artist in his sell-in hardware. I've already purchased multiple paintings. I can see it. I can see there's a picture of a hunter.

Half a million of pieces. Oh, this says artists. This should say lobbyists. I mean, just write that. Buy Hunter Biden. Tosh. Artists to be, he's gonna be an artist selling his pieces to $500,000,

which if you speak to the mob, the mob will tell you that's a business model. That is a business model, which we'll get into here in a minute. That's exactly right. That's when a small local dry cleaner does $2 million a year. Yeah. And the mob is like, they bring the clothes, we take the clothes. I asked all of you, I asked all of you what your favorite story was of the day.

And we all obviously know what Adam's favorite story was. If you haven't heard folks, catastrophic announcement was made yesterday by eBay. eBay bans the sales of adult-only items moving forward. It's a catastrophic, it's a catastrophic, it's a catastrophic, a lot of control. I'm not sure I can get all my stuff. I know, I know.

I walked in today. I actually was gonna buy you a gift. I was gonna get you a nice deal though. But, you can. Wow. You can, I'm sorry. But have you seen that? I owe you one now.

Adam, have you seen that guy that goes around representing like he's the media and he's interviewing guys and he puts the deal down there. I mean, so tell me, what do you think about what Trump said today? It's not in the very good way. I think he's like,

I'm dead. I'm dead. I'm dead. It's no, you know, I've fought a world star ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Sometimes like going through just to see what's gonna something pops up. Hey, what do you watch? I'm like babe I promise you I'm watching world star. This is oh you're watching world star watching I know she's not yeah, no, it's it's still though interviews. That's right. It's epic So the apparently they're not gonna be able to buy it on eBay anymore So it's gonna be a challenge. So Morgan Stanley chief to bankers if you want New York City salary You need to be in New York City. That's gonna be a good one to get into Spotify clinch a $60 million deal with Alex Cooper for her a color daddy podcast,

yanking it away from bar stool. And then Dave Porton, oh yesterday, gave a shout out to Barkley. If you ever wanna be here, we would love to have you here, you can say whatever the hell you wanna say. Because Barkley yesterday announced the fact that he's sick and tired of his job

because it's getting so uncomfortable. All they ever talk about off-cameras, what you can't say and what you can't say. And he says, you can't have fun with this anymore. He says, I can't wait to retire in two years. Barkley's words. We'll cover that here in a minute as well. There you go.

Big short investor Michael Burriev is back on Twitter and warning of the biggest market bubble in history. Wanna raise your kids with high self-esteem? We're gonna talk about that because of experts got something to say about that. We'll see what that is. And then Putin and Biden say progress made in Geneva but white golfs on issues remain. And Donald Trump visits the border before Kamala Harris.

And maybe we'll cover LeBron James's tweets about injuries. Kai, do we have the Nancy to make the different logos? Have we had that create? Okay, good to go. So let's get right into Michael Burry. How about that? I think Michael Burry's always got a good thing to say that makes people think Michael Burry from Big Short. What pages are on page six? Let's get right into it. Michael Burry, Big Short. Kai, let's pull up a picture

of the infamous Michael Burry. Let's up his picture of the guy I love this guy a freak is a regular looking guy big short investor Michael Burry is back on twitter and warning of the biggest market bubble in history this is a market insider story suggesting that is concerns about rampant speculation only grew during this ten week hiatus from twitter people always ask me what is going on in the markets the the investor tweeted. It is simple. Greatest speculative bubble of all time in all things by two orders of magnitude. Flying pigs 360. The hashtag was likely referenced to a famous saying in investing bulls make money, bears make

money, but pigs get slaughtered. Barry has repeatedly told investors and they're being too greedy, speculative greedy, speculating wildly, speculating wildly, shouldering too much risk and chasing unrealistic return, returns the Sion Asset Management Chief, the leaders to it or Proof Raleigh in April, after signing a alarm to Tesla stock, which is short, as well as GameStop, Bitcoin, Dogecoin, Robinhood Spacks, inflation and border stock market,

broader stock market. So having said that, Tom, do you agree with what Michael Burry is saying? I mean, this is not a guy that just throws comments like that out there. Right, you know, I think he's correct on a couple of access. And the question's gonna be, is which sectors pop? Right, which sectors, I don't mean pop up,

which are the classic pop of the bubble? Because there are three factors right now. Inflation is low, but everybody's talking about it going up. You look at the number of times it's mentioned in the media, you see all those charts, people are talking about inflation. Interest rates are continued to be at historic, multi-year lows, and which makes debt cheap. So you've got three problems. One, I can get all the capital I want.

Asset prices get inflated. Speculation is there. We've already talked about people taking the millennials and the Z's, taking their checks and open a Robinhood account, rather than using it for anything or paying their parents rent. And so I think he's right.

You've got all these things that are driving up speculation in the market because there's so much capital out there. Debt is ridiculously cheap. And I think he's right, the question's gonna be, where does a correction happen? Does a correction happen in real estate? Does a correction happen in energy? Where does a correction happen?

And I run right now, my eyes are on real estate because what's happening in real estate, there's a really bad side of it, it's happening on rents. And so I think the government's got to step up, but I think he's right. And so what will be the pin that pops the bubble? I don't know, but I'll tell you, I think he's right. What do you mean by rents?

It's off, by the way, if you got, what do you mean by rents? Well, what's happening right now is you take, you know, you and me, maybe we buy a small house and we're gonna have it as a rental, right. Right now if we pay 50-60% cash you know we probably keep the rent at some current market moderate but right even at low interest rates with debt we look back and we do the math on it and the rent needs to be 5, 6, 7% higher than it was a year ago because the underlying asset cost us more to buy. And there's a payback model.

We're not trying to gouge renters. It's just the payback on it. So I'm looking at rents that are being driven by housing prices. It's interesting that you bring up rents in real estate because if you actually look at essentially what is named here, he's talking about Tesla stock, GameStop, which was we all experienced at the beginning of this year. And I interviewed the founder of Wall Street Beds who had very strong opinions on everything that was going on with GameStop. He names Bitcoin, he names obviously Dogecoin, Elon Musk, a little friend right there, Robinhoods,

SPACs, which we cover a lot, inflation, which the Fed just came out and DronePell had some some words to share on inflation. Yeah, maybe I will, maybe I won't, but I'm thinking about it. And the broader stock market. So he names all these asset classes, like you said, could pop, pop, you know, pop the bubble. I think it's just interesting that you, he didn't name real estate, but you instinctively said, well, you know, maybe the real estate here, because when was, where did Michael

Burry make his name for himself, was when he basically called the subprime mortgage meltdown in 2008 He basically bet against America and if you ever saw the movie with the big short with right Brad Pitt and uh, yeah, well hollywood glamorist it But what he was pointing out is there are bad mortgages in bonds and there is insurance on those bonds and that combination How is there bad mortgages in bonds and there is insurance on those bonds and that combination was the classic line that was in the big short and says if this the bond was the what was it if the bond was the you know was the match then the insurance that was on the bond that was twenty to one insurance was the nuclear warhead and it was um it was right no it was right you said there were crap more but if you're watching this right now I'm curious if you're watching this

right now how many of you your rent has increased I just looked at an article right now rents for single-family homes just out of largest gains in 15 years this is a June 15 story which is two days ago and when they say gain like a stock what they're really saying is the rent when I increase yeah so single-family rents were up 5.3% euro over year in April rising from a 2.4% increase in April 5.3% rent one of them is if I'm paying two thousand dollars a month now it's $2,100, right? If I'm paying three thousand that's 21 3150 which you may say policy that's that big That's a single family that's another two thirds of a month

That's that's that's that's that maybe a not a lot to you. Remember the guy that's making 50 K is going to see this. Yeah, that is a large. A hundred and you gain in nearly 15 years regionally by top 20 metropolitan markets rent gains were highest in Phoenix. And then a lower price of 70 parts. I was going to let's do super fast math on your example, Pat. You said for people listening, $2,000 goes up,

5% is $100.00. That's 1,200 a year. So now you're on your way to adding almost a 13 month to that rent. See that to the average person. So here's how that looks. If you go, let's just say they increase $2,000, $50, that's $1,200 a year.

If a person's making $50,000 a year, what's 1,200 to them? Is that 2%, that's 2%, right? 2.5% of their income just went down. That's pre-tax, obviously, right? That's pre-tax. So even if I go post-tax, let's just say that's a 4% decrease. You need a 4% raise to get up and down. Imagine you go to your company, and you go to your company, and they say, this year we're decreasing everybody's salary by 4%. You may not feel it, but you're going to feel it, right? Because for that middle-america low-income family, so, and then it's not only this, gas goes up.

Everything is pretty much going up. So you're only seeing one aspect of expense. People are going to see it in other places. But if you're, again, if you're watching this and you're went, went up, I'm curious. Has anybody felt it anywhere? UK one person said they're rent went up 5% in UK. Mark Sesh just says, my buddies rent went from 1360 to 1700 in Mesa, Arizona.

Yeah, anyway, they're gonna see what's gonna happen. They're gonna see the 1760. That's a big number. That's time to find a new apartment. Well, he's also in Mesa say Arizona where there's high demand back to Michael Burry Is this someone you would want to get his perspective on value-taming? Is this someone that you we've spoken to Michael Burry Michael Burry doesn't want to do an interview But if Michael Burry wants to do an interview and we'll just do audio we will all day have them on here

I would love to have them on no problem Because I think the guys, the guys council and the way he sees stuff, you're not necessarily a hundred percent right, but you have to get perspective. And to me, I think eventually, if you've been in this game for a while, like, let me give you an example. Okay, sports. Can you see when it when a when a tights turn in, when the teams about to make a comeback? Yeah, literally last night Philadelphia versus Atlanta. That was ridiculous. What just happened was a night was up 20 Then they lose by seven there up 20 and 26 on the third quarter with three minutes left to the meltdown better The better is in Las Vegas said there's a 99.7% chance meltdown that Philly's winning and they lose it right?

But you know, she's there notice them people are playing sloppy people are getting nervous they're missing free throws Michael Burry is that guy in investments you have to listen to what he has to say that's simple when he says that he's got a point and I think if it does happen it is not gonna be pretty here's the only thing to be thinking about this is just my thoughts on this on what to be thinking about is effort to say every 10 years we have a crash correct is it fair to say every 10 years we have a crash it's part of the cycle Let's go back last 10 years. What was the biggest crash in the last 10 years from 2011 to 2021 biggest crash obviously the COVID COVID you're right. Okay, perfect go from 2001 to 2011 the biggest crash

2008 the great 2008 session 2007. Yes, go more go 1990 one to 2001 the dot com bubble right 99 go go 90 81 to 91 87 88 87 88 recession if we go every decade there is a crash here's the only differentiator here's the only differentiator so The only differentiators if you makeyear runs, you're not affected by it. It's correct. If you're making 20-year investments, you're not affected by it. You're only affected by it. If your volatile game stops going to make me a billionaire and I'm going to make my money off Dogecoin,

I'm only, if you're playing that speculative game, you many are gonna get their tails handed to them. But if you're playing the long game, you may lose 30% of your portfolio. You may lose 20% of your portfolio. Long game, you make money. This is the difference between day trading and decade trading. Right, I mean, day traders, this literally goes back to his quote where, you know, bulls make money,

bears make money, pigs get slaughtered. So if you're just all in on Bitcoin, all in on Dogecoin, you think it's going to the quote where you know bulls make money bears make money pigs get slaughtered. So if you're just all in on Bitcoin all in on Dogecoin you think it's going to the moon you know there could be a crash landing sometimes soon. Yeah you know you like you like you say sorry to cut you off biz dog but you say about about your payment I'm on a 20 year run here I'm doing this for 20 years. So a video you do today might pop it might get a million views or a video you do next week might crash, but you're in this for 20 years, who gives a shit, like things will happen. Yeah, you know, you look at it this way. So 529s are out there, which is a college college

distribution. Correct. Exactly right. So when Bailey was younger, I left it in what's called age and it was TA CREF that was managing it. And Because they were the sponsor for the California. Every state's got a different financial provider that does their 529. So when Baylor's are, I had on age age synchronized risk, which means when she's in kindergarten, the risk that they're allowing to be in the investment that are in there automatically. I don't make the decisions. I just say, I'll take the age. It's kind of like a target date fund. Correct, that's exactly right.

Right, fine, I'll tell you. So what happened was, you know, she lost 30% of her poor little 529, when she was four years old, probably a whole, four years old. Okay, yeah, now it's bounce back. And that's right, now it's back and it's tripled since then. Bailey's a millionaire. No, no, she's not a millionaire,

but she's not gonna have student loans for a bachelor's, I'll tell you that. It's great, it's a millionaire. No, no, she's not a millionaire, but she's not going to have student loans for a bachelor's and I'll tell you that. Great. So, great dad right there. No, no, no, no, no. But grades are insane. Go ahead, Tom. And then what I did was I flipped the switch on age synchronized risk when she was a

freshman because I was thinking about the traders that maybe the synchronized risk with their look in at the current market. And I moved it to market index funds, and that, which is another choice. The age synchronized risk has been more volatile, and I'm like, wow, their age synchronized risk. These are people who are supposed to be professionally managed target date funds.

And even them, PBD, you know what I'm saying? They're a little too crazy, but Brooks Fund, I don't worry about it it because if it pops right now It's like 2008 for Bailey and then it's gonna be back, but I think that even I'm seeing so I'm seeing in Wall Street Just in the 529s. I think there's more You know optimism and riskiness even at a time where they're supposed to be managing it according to a target date fund And what's your advice to the young people out there or just starting to have kids and they're basically setting up these 529 plans?

Look, the taxes are going up. And so if income taxes are going up, there's more reason to live moderately and to get 529 protection for some dollars for your kid. And take the long view, take the long view. Yeah, I mean, listen, here's the point. You're working day to day, you're going to get crushed. You're working long term, you're going to be all right. If you're going to be constantly emotional, buying selling, buying selling, buying selling, you're going to take a hit.

But the reality part of it is, take a look at King Golden, from Golden Auctions. This is a collectible cards, auctions, he just raised some money last year. Do you know how much he sold last month in cards? Just last month, Bloomberg contacted him to do a story. You know how much he sold last month in collectible cards? What do you think he sold just last month? Did I tell you the number one? What do you think he sold last month, total collectible cards just last month auctions? I'm going to make a wild wow guess. Just remember, like this guy was doing a couple million dollars a month. They't want to five million then he had a record break your month he did ten million what do you think he did last month i'm gonna say with all the capital that's out there and everything has happened did he touch a billion dollars

billion dollars a month no that's aggressive hearts i would say a max 50 million a hundred million a hundred million a hundred million last miles but you know what 50 million is up from a million though guys. You know what 50 million is 50 million is 51 million dollar cards. It's 100 500 thousand dollar cards. It's a thousand hundred thousand dollar cards. I don't think people read like the 50 million you've got half a thousand times 10 is a million times another 10 is 10 million. So 100 you're talking about the guy selling so much right now because people are willing to buy cards today. They're not going away, right? But is that gonna be the case if the market tanks? I don't know about that.

Long term are they still gonna be great investments? Non-duplicatable assets will always keep their value. We need to add non-duplicatable assets. No, what's your point? Non-duplicatable assets. That's it. Non-duplicatable assets. Now, what's it like to No, what's your point? No, that's it. No, what's your point? Now, what's it like to have a calculator in your brain?

To like to have a calculator. You're literally like, you know, you're... I miss one of them up when I said 50 million times 100,000. But you do have a calculator up here. I'm like, let me bust out my calculator, and get it, you know. You've got something going on up there. 500 times 100,000 on a card.

That's what I was gonna say. It's 500,000, 100,000 on a card. Those days to drive your nets, but you're on the big run. Yeah was gonna say. It's 500,000, 100,000 on a car. Those days to drive your nuts, but you're on the big run. Yeah, if you're on the long, yeah, listen, you're building the business. You have a bad day, you had a bad sale day, but you busted your till, don't worry about it.

Now here's the thing, if you had a bad sales day, but you didn't bust your till, worry about it because habits are what gets you destroyed long term. Because you're living easy and living assuming. I don't. Isn't there a bigger story here, a bigger metaphor for whether it's investing, whether it's relationships, whether it's health,

whether it's trading cards, whatever it is that you're gonna have good days and bad days, but overall, if your perspective is positive and you're here for the long run, things are gonna work out well. Obviously, if you work hard and you're all right, business docs, knees in on the street, there's no- If you do your part, yes.

If you get emotional, no. If you're constantly getting rattled, no. If you're constantly, what would you say? What happened? What would you say? If you're constantly, what did it mark you do? Oh my gosh. Take it out.

It's re, re, re, re, re, re, re, re, re, this goes back to your stoicism that you talked about last time. Well you know, no. And also what you talked about a minute ago about what asset class are you playing in? If you're in a very risky sandbox, it doesn't have natural scarcity for what's in there, non-duplicatable assets with natural scarcity. Real estate on the beach, scarcity, right?

So it may crash and everything, but that's the part, the scare stuff that will be in demand is gonna come back first. And so, but if you're out there, I give you an example, if you're out there on GameStop and you're just living with the guys on Reddit, on one stock there talking about retail purchase of games at a time when games are on the cloud,

I think that is foolishly risky because there's nothing to come back when the party's over. You know what I will say? If you're under 25. Gold cards, if you're under 25 and you're doing it, if you go at it, if you're under 25 and you're doing it, go at it.

You're gonna learn something. You're gonna learn something. Listen, I was 25 and 49,000 dollars in debt. You know what I did one time? Let me tell you when the dumbest things I ever did in my life. You ready? This is the Vegas gambling store.

This is the dumbest thing I did in my life. I'm 25 years old. 20, I'm 20 Freddie Chacones. So this is what? I'm 23 years old, okay. I got a Las Vegas. 200 times I'm charging. I said, when I get my Morgan Stanley job,

I got a 9-11, so it's a week before I'm at Morgan Stanley, 9-10, so this is 9-301, how old am I, 9-301? 22 years old, okay. I got an MBNA credit card. I got a Las Vegas, I said screw this, I wanna make some money. So my MBNA card allowed me to take out $5,000 cash, so I take the whole $5,000.

Uh-oh. I go at the table, paying cash. 20 something percent. whole $5,000. I go at the table, paying money, something, and this is at a time where I'm sitting there, I'm wearing this tank top, I'm just like chiseled, I'm in great shape. And the, this is the Greek Godday.

And the cashier says, cashier mistaken me for somebody else saying, are you here for the, what is it? Vivit convention, I don't know what it was. Are you here for the for the what is it vivid convention? I don't know what it was. Are you here? Oh, the avn avn convention. Yeah, I said what do you mean? It says are you here to because you want the Enteres are you yeah, that's it nominated actually here So he brings the other guy. I know you've finished second. So so they're doing all this stuff

I'm gonna have a lot of fun together and then then I said, guys, I'm gonna make 30 grand today. Period. I take the $5,000. Ask me how long it took me to lose the $5,000. Yeah, what? 30 minutes. Yeah, gone. By the way, $5,000 may not be a big deal too right now.

No, I'd take deal if you'd like. But when you're 22, you got $1,000 in your bank account saving stuff. You have nothing else. You don't have a 401k and you put 5,000 K. It's insane. And you leave and you're like, at this point in the game, I got nothing left.

I got an age 22. 22 years old and I'm going back, I'm not going back into the army. This is a screw, I'm going back to the army. On the drive back, I get the call saying Dave Kirby has offered you a job at Morgan Stanley Deanwooder. I said, you gotta be kidding me. I started on a week after I lost fiveer. I said, you gotta be kidding me.

I started on a week after I lost five thousand. I'm not guessing and lucky is. Let me tell you it was a weirdo. Well, thank you for the call. I kind of need a job. Well, yeah, it's like, listen, I honestly have many options right now, but you know what, I will take your job

because I want it. And then back in here, you're like, no, I desperately need a job right now to make up. So the point is this, look, when you're younger, if you want to do some stuff great, don't make the big stupid mistakes that you're going to pay a price for 20 years. You're going to make a mistake, you're going to pay a price for next three to six months, whatever, not the 20-year type of mistakes.

But long term, if you're investing, you don't have a lot to worry about. Morgan Stanley, Chief to Bankers. Well, now speaking of Morgan Stanley, Morgan Stanley, Chief to Bankers. If you want New York City salary, you need to be in New York City. This is a New York Post story. James Gorman issued a stern warning to a staff Monday, come back to the office by Labor Day, or face a pay cut.

Since the pandemic, pandemic first started, the banking giant permitted its 70,000 employees to work from home, but with 70% of big apple adults vaccinated and an infection rate that's not even half a percent. Gorman said it's time for workers to get off their couches and back to their desks. The chief executive also sent a sobering message to workers who escaped too far off local locales to write out the pandemic. If you want a New York City salary, you'll have to be in the five boroughs to earn it.

If you want to get paid, New York rates, you work in New York City salary, you'll have to be in the five boroughs to earn it. If you want to get paid, New York rates, you work in New York. None of this am in Colorado and work in New York and I'm getting paid like I'm sitting in New York City. Gorman barked, the similar move has been adopted by Facebook which told employees if they want to keep working outside of San Francisco, New York, they'll have to take a pay card. What do you think about this? Adam, what do you think about this? I mean, I don't know why he said if you're, why you're living in Colorado

because they're all in Miami. I have no idea how many New York, you know, finance, I think, are down in Miami, living the time of their life. But you'd be amazed how many are in Colorado. I'm sure there are, but I'm saying the people that I know, because they're skiing, they're, they're, they're, they're,

they're all the Bergs. They might be there for a week, they're going to ask and they're going to go to the, but they're, I can't tell you how many people I know from New York, especially in the finance world You haven't you're okay there? I'm good. You keep going I got mango But they're all in Miami and they're having the time of their life there are the gold Bergs There are no there are no Bergs from exactly there. They're in an open state New York

Son been on lockdown. I think they just opened up earlier this week, so to California. I was there. You were there. Yeah, I want to hear about New York. They're just having a great time. They're making however many hundred grand a year, and they're paying a fraction of what they were paying in New York, and they're living their best lives. And you got this guy, James Gorman, no relation to James Corden, who's basically saying

enough of this BS. Get your ass back into the office you have until September, Labor Day. So enjoy your vacations, enjoy your trip to Aspen, enjoy Colorado, enjoy South Florida. By the time school starts right after Labor Day, your ass needs to be back in the office. The media doesn't get this, and no offense, I even think you don't get it. The reason... The reason... Come at me, bro.

Hang on, hang on. Here comes a fast case study. The reason Facebook was mentioned to recruit engineers to leave the university, to leave MIT or the University of Missouri or wherever you graduated from and come to those ridiculous back to this again, housing and rent prizes in the Bay Area

to compete, they had to pay certain salaries. So and rent prices in the Bay Area to compete, they had to pay certain salaries. So if you're in the Bay Area and the larger companies will tell you, hey, your salary baseline and this sounded like a big number to people who are listening is $100,000. But here in the Bay Area, you're going to get $117,500 because it's a $17,000 cost-illiving adjustment that we give you for the Bay Area. And they tell you. Now if you go to work in Atlanta at our regional office serving UPS and Delta Airlines and

Coca-Cola on behalf of Google, you're back down to your baseline of 100. They will tell you that. And all they're saying here, he's saying, look, if you want to New York's salary, that we have to pay to to recruit the best bankers because we're competing with goldman we're competing with everybody else how greedy of you the media says that just right that how greedy of you so greedy how greedy of you to take this no one on you what he saying is he didn't say you're gonna get fired he said

if you want to go back and live and work in Colorado that's fine but i'm gonna baseline you for Colorado cost the living Because to get you to come to New York and work in New York is it fair? I had to compete it's damn fair. You think it's fair Adam what they're doing. Yeah, I do I do as well I think it's very fair and it's being spun like Gorman's this ogre that's taking I didn't even read it I didn't read it like he's being an asshole or an ogre I just said look if you're gonna want to get, look, you get paid higher in New York City or San Francisco, because the cost of living is higher.

The taxes are higher. They get it. The salaries are higher. And you're gonna be working longer hours, especially if you're working in finance in New York City and Wall Street, what? And by the way, the Facebook, Facebook, do you know how many people that work for Facebook

that are saying, so okay, so if I want to stay here in Atlanta, I want to stay here in Orlando, I want to stay here in Atlanta I want to stay here in Orlando I want to stay here in Dallas I don't get my San Francisco wage no you don't this well that's fine to me because the cost of living is okay here but I love I like working for Facebook and I got my job people get it let me let me let me take what just happened here I was in San Francisco a few days ago, okay And we go for a walk we go to the fishermen's Fisherman's work. Yeah, why you's never been to Alcatraz before so we went it's an awesome area

That's a beautiful place. It's a beautiful place. I knew you was there. You were there last time you was there You were there with your I was there you was there you told the story the rock and we go and have the the clam chowder Which is delicious? You know you have that the clam chowder, which is delicious. You know, you have that whole clam chowder. Did they put it in a bread bread for you? Oh my, I told them, I said, you got, have you ever had this? They said, no, I said, you Caroline, Sam and Mario,

you need to try it. So they tried. So we walk up, we go across the bridge, we go to the sushi, but not the best customer service, but we go up and we, I saw that in there. So sprinkle of customers. And we walk up all the way to the end, this one place by the

water. And I go up and there's a homeless man sitting there. And I say, let me ask you, are there great white sharks out there? Oh, absolutely. Everywhere. I said, do people swim here? Everywhere. I said, so what do you think about the city of San Francisco?

Was not the same city it was before, but I still love this place. But keep in mind, he's homeless. He's homeless. He's homeless. Box everything next to him. But I still love this place but keep in mind he's homeless He's homeless. Okay. He's homeless box everything next to him. Yeah, I still love this place What do you love about this place? They still take care of their people. Oh, interesting. Okay, great So he got my images every Monday this guy is standing to my right and he's listening to my 10 minute conversation with this homeless man He's in a beautiful bicycle, but he's not saying anything with this homeless man. He's in a beautiful bicycle, but he's not saying anything. So I walked this way and I said, I said, what's your, this is, I listened to the whole conversation you had with him. I said, what's your story? He says, I'm on the complete opposite spectrum.

I said, really? What's the spectrum? He said, I own the biggest condo right here on the water. I said, really? By the way, just so you know how much that is, you know how much that is. You're talking about $30, $40 million number It's not like a biggest condo on the water and fishermen. 20 to 40 million bucks is what you're paying. Just go look at realtor.com. Right. His bike is a $10,000 bike. Everything he's got the leather jacket on. And he starts saying he says, well, this is not the same city was two years ago. Yeah. Let alone 10 years. I said, why? He says things have changed a lot. It's changed a lot during COVID. What they did is they, they, they got, I said why he says things have changed a lot. It's changed a lot during COVID what they did is they

They they got I said you know, I came over here from Oregon Stanley training To and I stayed at the mark Hopkins hotel. He says well, you wouldn't stay there today I said why is that it's because the mayor decided to allow homeless people to stay at the mark Hopkins hotel and They negotiated a rate of $250 and they got free parking that they gave to the homeless people and the local people living here, the taxpayers paid for. I said, you're kidding me, says no. I said, so how do people respond to it?

He said, well, first of all, mark up in the hotel. They're gonna take the business because it's homeless. No one's staying out there who tells, so they wanna take some of the money, he says, but it's not the same thing. That was their COVID relief plan. I said, so how do you feel about the policies? He says, well, I understand what they're trying to, I said, so how do you feel about the policies? You're saying, well, you know, I understand what they're trying to,

I said, he says, you know what else is the problem? Everybody that's getting out of college has come in here for a job. They want 180 to 200. You're starting salary. I said, 180 to 200. College grad. He says, yes, because if you're not making 180 to 200, you can't survive in the city.

So they're asking checks like that, numbers like that, right? And they're getting paid because Facebook and Google are competing for engineers. I said, so tell me about stores. He says, what stores? Everything's shut down. We don't have stores. I said, why is it so dead? I don't see anybody here.

He says, there is no stores. Everything's on lockdown. Stores are on lockdown. He's going through the whole thing. I said, I got a question for you. He said, yes. I said, you got a $10,000 bike. You got an expensive jacket.

You live on the condo, on the water. I know how much that thing goes for. You look like your $100 million guy. Politically, do you lean left or right? Pointed question to him. Yeah. He says, well, you know, it's a little bit. I'm probably, I used to be a Republican.

Then I became a Democrat, and I'm an independent living over here. I said, how do you think the policies have done to the city? And he tried to defend the policies. For he tried it so hard. I said, all of this is not the people, is not the president, is not anything but local policies that are no longer working for people like you, it's not working for you anymore. I said, how much longer until you leave this place? I don't know, but I can tell you, it's not working for you anymore.

I said, how much longer until you leave this place? I don't know, but I can tell you it's not the city I fell in love with. It's my favorite city in the world. And I came here with the dream of being a bit of a living for the rest of my life, but it's not the same. It says, okay, all right, good talking to you. It's great. We walked off. They walked off.

Two different people. One is loving the policies. The other one is not loving the policies. Here's a reality of it. One's homeless, one's worth 100 million. Which one? It's so crazy. He said, homeless people are coming here by the drug left and right. Homeless people are coming to San Francisco because what do you mean you're putting me at the markup in Sootel for free? What other homeless person wouldn't come here? People would volunteer to be homeless to stay at the markup in Sootel. That's exactly by the way markup in Sootel was this person wouldn't come here. People would volunteer to be homeless just to stay at the Marcopian Hotel.

On the other side. That's exactly, by the way, Marcopian Sotel is where Clinton stayed. It's where my wife stayed. It's not a regular stay. It's a beautiful hotel you stay there, right? So this is the hotel for the homeless. This is a great,

we saw a wedding up at the top floor. It's called top of the mark. This is the story of what's going on to a city like that. And people who are running that Morgan Standy Dean would are there starting to realize to realize listen you don't want to be here working with me no proud buddy but I'm not paying you the same and I 100% support the decision and I'm not firing you I'm just gonna pay you to well

he can't fire them no but I can't fight them I mean if they fired them right now you know what kind of a publicity story they would have if they fired their people would you would you would you put a you know a bow on this story because we talked about Morgan Stanley we talked about San Francisco we talked about the homeless what's the overarching theme here where you get where you go with all this as you would say what's your point yeah the point is policies hurt great cities that's right so your policies push people out of a great state I'm on a flight yesterday to New York. Two days go to New York. I got my class night at midnight.

Guy sitting next to me is the insurance guy of Ernst & Young. And I said, so what do you do for a living? He says, I work at Ernst & Young. I said, what do you do at Ernst & Young? I'm their insurance guy. I said, okay, cool. Which office? New York.

I said, really, you're still in New York. He says, oh, now I'm Florida. And he's watching CNN. It's so funny. He's watching CNN. And I got my ESPN on watching with the Gaussian and on. You go CNN MSNBC. CNN MSNBC. CNN MSNBC. That tells you which way he leads politically. So it's very easy to read people now. They CNN MSNBC, right? So I'm watching them and I said, so what are you gonna do with New York? You're gonna stay there?

He says, Oh, no. I said, why not? He says, Look, I have COVID forced me out and I've been a Florida and I'm staying on Florida It's gonna be very hard to get me to go back to New York I says how do you feel about the policies in New York? What do you think about the policies? Well, you know, I know what they're trying to do, you know, it's great I think it's they have to be taking care of their people and all this stuff I said, but why don't you support those policies and go live there and pay the taxes? I don't know. Do you think he to support what they're doing for people? Well, you know if I can find a way to pay less taxes

Why wouldn't I to take care of my family? I said, well you support those policies, don't you? Well, I do a sister want to go fund those policies and stay up there instead of funding no policies on Florida Because you're not paying any taxes. I see where you're going with this, but look I don't know what I'm gonna do I'm probably gonna stay put in Florida again bad policies drive out talent That's not a lightweight guy probably gonna stay put in Florida. Again, bad policies, drive out talent. That's not a lightweight guy. That's a heavy weight guy that's working at first guys. It's also the biggest.

Ernst thing, young. One of the big, exactly. He's also being careful talking to somebody that he doesn't know. And he's looking at a house on his computer that's a $5 million house he's shopping for. He's shopping for $5 million houses on his computer. This is not a lightweight guy you're talking about right on what he's doing policies push out good talent

You cannot keep bad policies that detract top talent and you know right now Winds up looking bad right now a guy who's running Morgan stenny He's looking like the guy that's the bad guy. You don't come back here. Is that how you interpret that story? I didn't necessarily think. And by the way, I'm not kidding. I'm not kidding. Not you. I'm not telling you. The market is telling the story. The media is telling the story. Why would you want your people to come back? Let them be where they're at and get paid and give them the same salary. It's not fair. Well, I'm sorry. It is very fair.

But every major company in America has an HR regional pay standard. And they're not slum lords because they're competing for talent. And if you don't pay what you need to pay for the talent in the various city, the other guy's gonna get that talent. So people think, all they're just gonna do this to this.

No, no, these guys will say, if Morgan says, hey, we're cutting a 20% doing this, Morgan's gonna lose the great traders. Morgan's gonna lose the great people. They're gonna go across the street. Regional based cost the living is real and you have to pay that to get the great talent.

And what Pat's talking about, and I completely agree, is the local policies have such unintended consequences because what is the congressional re-election term, right? Two years, every two years you're running, and it's always a short term, short term policy, short term policies, give me the votes, give me the votes, and the unintended consequences are huge.

Willie Brown, when they had the council of mayors in San Francisco, come on, Willie Brown? Yeah, two decades ago. He was putting homeless on buses and sending them to Sacramento, because it would take them three days to hitchhike back because they wanted all the stuff they were getting

from the city for free, but he wanted them out of the visibility when all America's mayors were there because he was polishing the image for the short term. And so when you do this with the Mark Hopkins, you're probably reducing homelessness in Sacramento because they're up there, you know, it gets like 104 degrees here in the summer. Yeah, I know, I'm going to the degrees here in the summer. Yeah, I know.

I'm going to Mark Hoppins in San Francisco. The homeless people know what's going on, and they're just moving to where the policy they think is going to help them. Well, I mean, listen, Elon Musk just sold his last house in California for $37.6 million at the San Francisco. It's a compound. It's like, it's a lot to life. It's 50 acres.

It's 50 acres. It's 16,000 square feet. It's a beautiful place yet. It's the last property here to sell. People are leaving. They have to just rely on that. They have to just rely on that. They's 16,000 square feet. It's a beautiful place yet. It's the last property here to sell people are leaving They have to just read that make it a boutique hotel. They could huge proper people are leaving. It's that simple That's exactly right leaving not because of culture not because of bad industries not because of any of that We got to tell him he's screaming and hollering not because of any of that They're leaving because of bad policies

Very simple when my kids ask me a question they say hey daddy who we voting for what do you think about this president? What do you think about that president? You know somebody in school? You know they're going to school and some somebody in school told me that Trump is for rich people and Biden's for poor people who should we be for right? He's explained he's asking this goes so I'm having these types of conversations with my kids. It's interesting because you see the teacher saying certain things and these kids are coming home and they're sharing you with you, right?

I said, look, kids, it's not never the individual. Forget about the individual. I don't look at the individual. I don't care if the individual does whatever they want to do. I don't. You don't care if they drink alcohol. That's not my business daddy. That's their business if they want to drink But if you produce policies that produce negative results

That's when I become concerned. I said it's a policy war. It's nothing more than policies So when people ask which president do you like they'll say I disagree with Biden's policies Six-year-old Dylan seven-year-old Dylan says I don't agree with his policy. What percentage of America do you actually think thinks that way? No, man, what are you talking about? What percent? Less than 20%. I would say less. Yeah, I remember.

That's my time. The only reason I see 5% is because 1 in 5 makes six figures on America today. So I would say 20%. I think it's a 20% number who's actually sitting there thinking about it Who's actually sitting there saying here's what we have to be thinking about anyways? Let's go into the next story we have since we're talking about parenting why don't we read this parenting story page seven Kai I can't hear you Kai. I cannot hear you turn on Kai Donations take a quick look at your donate what happen to have a super chat super chat certain people here

what's that the point uh... super jamming this such a little whoo whoo whoo bring them down guys bring them down bring them down bring them down how go ahead

uh... no the super chat he says the real issue uh... is people coming from the places like text florida texas and will bring the same mindset that brought the policies that ruined their state The one they're running to the mindset needs to change sergeant will key your 100% right I'm giving you 10 times what you just gave right now in the super chat. He gave 20 bucks Let's give him $200. Let's give $200 to sergeant will kiss sergeant will kiss send us a text at 310-340-1132. 310-340-1132 so we can send you your $200. I 100% agree with Sergeant Wilkie.

Yes, this is why states change. This is why states change. The biggest thing I say is the following. Just look at policies, man. I had a conversation yesterday with a couple of my guys and here's what I said. This was Tuesday, our weekly dream team call that we do right after the podcast that we did. And here's what I said. This was Tuesday or weekly dream team call that we do right after the podcast that we did.

And here's what I said to them. I said, how do you judge people? Actually think about it. We can hear you guys. How do you judge people? How do you judge people? Actually think about how you judge somebody. If you were to say, how you judge me?

How I judge you? How do you judge Tom? How do you judge? Hi. How do you judge David? How do you judge? Harsh. Hi. How do you judge David? How do you judge? He's wearing a sick denim jacket.

I'm a David. Sam doesn't wear his vest anymore. I don't know what the effect is. How do you judge people? He used to be a vest guy. It's summer. Good looking. How do you judge people?

I think, you know, the old fashioned saying don't judge a book by its cover, but I think a lot of people will, you know, first impression is a big deal. Well, you're asking a rhetorical question. I hope you realize that judging people favors you. Oh, thanks. Because people look at you and they say,

you know what, it's got a cool vibe. He's getting his bike, he's taking ubers, he's riding his sister's bike. I think, I think, you know, they say, if you go on a date with somebody, he likes cats. He likes cats for sure too. If you're going to date with somebody, how do they treat if you're, if you go on a date with somebody, he likes cats, he likes cats for sure too. If you're going to date with somebody,

how do they treat the servers? How do they treat the... Perfect. How you treat others. That's actually make a list. By the way, Kai Sam, David, I'm gonna ask all of you guys, how do you judge people folks? I want you to also participate in this.

I want you to answer the question, how do you judge people? Okay, your boss, your cousin, you know, a stranger, a new person, so number one is how you treat a stranger. Is that fair? Is that what you just said? Okay, you go to a restaurant with a girl and you see how you talk to the waiter.

How you treat people in the following. The court unquote below you or serving you. How you treat people below you. My mother would always say, I treat the janitor the same way. I treat the president of the company and everyone. I love you mom for it. That's like that's like her whole thing. What else? How do you judge people? How do you judge people? How do you judge people? Guys, this is time. Let's judge people. How do you judge people?

By the way, they dress. By the way, they dress. Okay. You can look dress. Not someone by the shoes they wear. Okay, by the way, they dress, we all have to check our shoes. Yeah, I had to tell Eric, our friend, Sergeant Galera, to throw away his boat shoes that he's gonna knock.

I saw that. What else? What other ways? How do you judge people? This is similar to what Adam said, but when people can't do anything for you, I think that's an easy way to, like, judge people who can't do it.

But what else? How do you judge people? Another one is people, how you judge someone that might not like you, but does that necessarily people how you judge someone that might not like you But does that necessarily affect how you judge them? Okay little technical, but what else like how do you look at somebody and say that person successful? How do you know I think? Their language the words that they use language the way that the way that they speak are they are they talking you know eloquently I listen well speak up biz dog. I don't do you judge me. No, I listen. i listen to what's big up is that i don't know you judge me no i listen i listen to the language and i don't know how they say

what they say because you'll see a billionaire sit next to you that is not wearing the big watch a little apple watch is got things and he is not trying to flash it what they say but i like to hear how they talk what else what else the words who they hang out with what else i'm just looking let me look at some of the people i mean speaking of kai what acts of the use of the use of the reaction to the american somebody said when you find out where they live okay everybody think i can speak up please i co-character k1 set skin color and race do you actually judge people based on skin color and race do you think people judge

people based based on skin color and race that's what would be called president uh prejudice okay it's it's no it's it's it's and it's sort of baked in bias that people have from how you grow up that our good friend you would probably appreciate this one Pat and the biotic smell big deal for you I I'm a big like the other day David ordered a sandwich with an onions pat Pat came out who ordered the onions you look Oh, you know you know Robert ordered onions the other day. He was low. He didn't want to say anything I'm like what do you do in order? I don't know your audience if you like onions you cannot work here advice Julia said character

Muhammad as har said how they talk by actions the way they look the words they use etc etc. How about the way that their kids behave? Okay, now we're talking the direction I'm going with it. Here's how I judge people. Okay. It's very easy for somebody to sell you on how amazing they are. We're all pros at it. Everybody's great at selling you their way of thinking.

Everybody. It's so great at selling you their way of thinking. They're fantastic at it. They can sell you their lifestyle. They can sell you their lifestyle, they can sell you their decisions. Words are beautiful. For example, let me give you a stop. See, the reason why I don't work that hard,

because money doesn't drive me. I'm not driven by money. The reason why I don't like to work past five o'clock is because family matters a lot to me. And I've balanced me. It's better. So I want to come home and I have balance, it's better. So I want to come home and I want to spend time with my family

and then they sit home for four hours and watch TV and they're on their phones for two hours and they call that quality time, right? We're selling ourselves on whatever thing that we're doing, right? We're selling, we're selling. Okay. I judge you.

It's self-justification wrapped in selling. I judge you based on your relationship with your mom When that day she dropped you off with the BMW and we wanted to come one to win would I Judge you based on your relationship with Adrian on how you guys are at that solo house on how much that guy loves you And you guys have traveled together my best friend guys best friend no no like well, I mean I think both of you guys are single I don't know the whole story. That guy is doing all right for himself. Yeah. So then I judge you based on Keith. Yeah. I judge you based on all of that. My network, my son. Your network who you are, right?

And then I judge you based on how you treat people. Okay. I judge a successful person based on how many people around them are winning. If people around you are winning, I judge you and I say, check this guy's a winner here. Because if you work with this guy, guess what? You're gonna win. Winning could be a lot of different things. Winning could be advancing,

winning could be lifestyle, winning could be monetary, winning could be the way the person improves as an individual, winning could be the way the person communicates before they came here how they talk now winning could be How that person processes issues winning could be how that person leads winning could be many different ways if I watch the people around you winning I Say you're somebody worth following right, okay. How do you judge policies? The soul thing is about policies right how do you judge a good policy based on the results? How many people are winning? It's not about, so if you think about how many politicians sell how amazing

their policy is, I don't give a shit how great you are at selling how amazing your policy is. What I care about is the results of your policies and the policies of New York and California are catastrophic. The results of the policies of whatever the mayor of San Francisco did, it's catastrophic. The results, I mean, New York walking, driving my drivers taking me places, Boris. I had a chance to meet Boris. Good guy, by the way, very good conversation we had with Boris until I realized who Boris was we're driving around Boris is taking me places and we spent a good the entire day he was with us right and I said so tell me what he what's happened with New York he says not the same anymore so what do you mean it's not the same this is yesterday so what

do you mean it's not the same anymore he says people have left I said do you feel it he says do I feel it what do you mean do's not the same anymore? He says people have left. I said, do you feel it? He says, do I feel it? What do you mean do I feel it? 500,000 people left. Yes, I feel it. How do you feel it? Business, customers, traffic is less. I feel everything that people have left.

He said, I said, so what are you gonna do long term? I don't know. Guys, I got three kids. I think I got three kids, right? I don't know what I'm gonna be doing, right? Smart intelligent guy when I'm talking to him. So what do you think? So why do you think some of the people who sell their policies?

He's telling me this. He says, I watch Jorge Ramuz, I watch you in the vision, I watch all this stuff. We feel like the policies are good. I said, no, it's not the policies that are good, man. If they were so good, the results will be so good. So the way you judge a politician is not by how they talk. Unfortunately, the lower level stuff is that

because the lower level of judge and somebody, I'll never forget Fernando Lazo, it's one of my groomsmen and my wedding. First day I started working at Hollywood, Bally's, El Centro. I walk in, I'm like, you know, I walk in and I'm this guy, you know, he's like, hey, what's up? How you guys doing?

How's everybody doing? I'm just talking to everybody. He, you know, he's like, hey, what's up? How you guys doing? How's everybody doing? I'm just talking to everybody. He says, Pat, when you first walked in, I said, this is gotta be the cockiest guy I've ever met in my life. He says, I didn't like you. I didn't like the way you looked. I didn't like the way you walked around like you own this place.

Something about, I'm like, I, he says, six months later, you're my best friend in my life. We became best friends for Nando Lawson. The stuff we did together was a different story. Sometimes people look at somebody and they say, this guy looks like he's rough around the edges. This guy looks like he's this. They judge. But sometimes the other way around, you look at somebody and say, why is he so presentable?

He's so, you know, he looks like he's got a stuff together. But then deep down inside, there is no substance. Substance to me is results. And results to me is policies. And policies that produce the right kind of results, checkmark, good for you keep at it. So we can say all we want about how amazing and how noble some of these politicians are, just go look at their cities. That's the best way to judge them to see how great of a job they did for their, what did they call it? Constituents, is that what they call it?

Yep, that's exactly the thing. I work for my constituents. Why don't you clean up place up? Because your constituents are kind of not too happy with you right now. But the ones that are voting for you is the programs you keep giving them for free. And people are paying a price for it. Those who are creating jobs for you to be able to have tax money to come up with the social programs, you're pissing them off.

You may want to be careful with that part right there. Anyways, okay, all right, so let's continue. This has nothing to do with how to raise your kids. And we still haven't gone to it on page seven. Let me go to page seven a raise no I was going there and I You were gonna work it here and I changed subjects. I think it was well worth it Okay, so one to raise kids with a high self-esteem. You just point me in the eruption thing Of course I did I'm judging you the entire time out if I you know what this is yours go ahead

I'm supposed to eat the mango Tiffany I just gave it to Tom. It's we're passing it now pass pass you know just a mango Special mango yeah, everybody got a mango around here know everybody got a man. I don't like that I want to be the only person. No, no, no, no No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, Maybe, maybe she saved the big piece of chicken. You saved the big piece of chicken for daddy when he gets high. CMBC story. CMBC story. Want to raise the kids with high self-esteem. A parent and expert on the power of teaching your kids repetition and ritual.

The first few years of parent to it as a huge adjustment, especially if you're a working parent, all of a sudden your baby is walking and talking. They turn, then they turn three and demanding to know why you have to leave them to go to work. Whatever you work schedule, these mornings, those mornings, evenings, weekends can feel very short and you'll want to make them enjoyable and high impact and building your kids' confidence and self-esteem. The key technique to getting there is through teaching repetition and ritual. If your son knows you'll pick him up and hug him in the same way when you came through

the door each evening, he'll look forward to it and he'll be thrilled when it happens. Sing that favorite song together each day on the way home from daycare. Begin each Saturday morning with breakfast at the same time. Talk him into bed in a consistent way each night. For you repetition is dull before children, especially toddlers. It's wonderful and reassuring. The world is a brand new and complex place and when they see patterns in it or accurately spot what's coming next, it gives them a sense

of security, mastery and delight. Tom? I think there's some truth in this but I think it was a puff piece by CNBC, but I will say this. You know what you do, when you bring consistency to a two-year-old, they sleep through the night and everybody's happy. So when you put them to bed at the same time and put them through a ritual, they, yeah, the kid has a more consistent pattern. You don't have to kid waking up at night, crawling into bed with a toy saying it's time to play.

That's, no, it's not, it's 4 a.m. Leave as long. The, obviously that's never happened to you. Oh, it's happened to everybody where your kid's had a sink, you're at a, you know, you go out. It's 4 a.m. Leave as long. Obviously, that's never happened to you. Oh, it's happened to everybody where your kids had a sink, you go out of town to a wedding. And so, you're up late till 10 o'clock, and then the kids had a sink. And then the next two days, the kids literally had a sink.

They're tired, they're grumpy, it's hard to get them up. And so, when you take the routine out of that, I think routine for kids is good. It gets sleep patterns and activity patterns. Is that an inspired you to have kids? Big time. Big time. But I routine for kids is good. It gets sleep patterns and activity patterns. It's good. Big time. But I'll tell you something else. There is something here in consistency and trust because the kids want to trust in something, right? It is a tough world out there and kids feel

stressed in certain ways too. But when they know that you're going to be there and they can count on that, that is a huge part of the parental child love. I can count on you. It also gives you permission and it gives you the opening to put the disciplines around them, the disciplines of structure, behavior of time and things like that.

I'd say if you travel with Tom, here's what happens. Tom, every morning calls his daughters, no matter where he is in the world, okay? And every night before he goes to sleep, Tom calls his daughters and they pray together no matter where he is in the world. And every night before he goes to sleep, Tom calls his daughters and they pray together no matter when it is. By the way, I've never seen Tom forget those two things. When I tell you, never, I mean,

I've never, ever, ever, we could be at a party. Tom will step out, make the call, talk to his girls, and he come back into the party. No one knows what happened, but I'll see Tom on the fundamental account of what Tom's doing. Leave him alone, he'll be back in 20 minutes. Does this thing comes back?

When I tell you consistently, I mean consistently. His daughter is probably going to end up going to Penn, if not Michigan, but she's going to get to choose where she wants to go, her oldest Bailey who responded the other day to Scott Galloway's article in a way that adults wouldn't respond to what Bailey said. And then Brooke is probably going to be an MIT student if she wanted to. She can go anywhere. A lot of it is how he and Kim raised their kids with the rituals Adam yourself. You're here just comment Yeah, you have any thoughts about this makes me think a couple things you brought up, you know the whole work-life balance And I know you were kind of mocking that a little bit

But essentially what I would take from that is Rather than you having to get home at 5.30 and then we kind of Rather than you having to get home at 5.30 and then we kind of Mockingly said yeah, you're spending two hours on the phone and you're BSing it seems like it's more important to have one hour of quality time where you guys can You know throw the baseball or you know Do you know whatever you do with your daughter played dress up? Whatever the hell it is that is special Yeah, I know you've put on some pink outfits and you put on a crown. I know you put on a lot of outfits here. I've seen you do that with Santa,

but the point is it comes down to quality time and repetition and just being there for your kid. Like I gotta tell you, every time I get out of here at eight o'clock, I'm home, right? I'm home by 8.15, my cats are getting that good quality time, y'all. All right, they get a good hour of, what a good day.

What a great day. It's a repetition, you know. And every weekend, they know that he's gone for the weekend. He's in Miami, he's doing what he's doing, but it'll be back Sunday night. Cat with, they'll be back. Yeah. Do you speak to them?

No, no, it's okay. Do you do affirmations with them? Affirmation is my own thing, but. Who loves you, kiddie cat? Who love, do you say stuff to them or no? Do you talk to them at all or no? I talk to Jimbo. I see you have a great relationship like as much as you we make fun of my cats You got two dogs that are your everything. Oh my gosh. I'm not listen I'm like if I can't my way out of 10 cats at the house. I love cats. I'm not a I'm part of the community of cat lovers

I'm a guy who will say for those who are dog guys, cat guys, I've seen some cats before that suck. I would never raise my cats to be sucky like this. Based on the parents or based on the cat. 100% based on the parent. And if you're going to get a cat, get two cats because they're playing all day, joking around. Should we left our fighting? We left out. You tend to economics. How do you judge these to raising cats? Yes. Nothing's worse than one solo whack cat. So we have to go back twenty minutes now we have to add to it how do you judge

people by the behavior of their cats yeah that's a very good point that's philosophic to the good cats that's something like Frederick or they are they arrogant i don't care about you and i'm just gonna sit over here no i would never raise cat like that you know i'm talking about that i'm with slap on maran oh yeah snap out of it don't be cocky with me. No exactly Hey, can you pull up that story would bark? Let's leave can you pull up that story would bark? There we go. I just love bark Lee saying this by the way love

Here in what bark Lee a Charles bark Lee to leave the inside the NBA blames cancel culture We can't even have fun anymore go up a little bit to read what he says Baseball legend charge bucks and decade long tnms and seven and he blames cancel code. And appearance on Washington, radio sports radio station, WJFK, 106.7, the fan Mr. Barkley slammed as jackasses, the social justice warriors who are launched online attacks and even criticizes bosses and co-hosts on TNT.

It's gotten so out of hand right now. I couldn't imagine having to watch myself. You can't even have fun nowadays without these jackasses trying to get you canceled and things like that. He continues to say, 58 years old, right? And he says, I'm just having fun talking about sports. I'm trying to hang on for another couple of years

until I'm 60 and then they can kiss my ass. I'm only working until 60. I already told them that we can't even have fun anymore We have had fun all these years and all of a sudden in the last year and a half everybody is trying to get everybody fired It really sucks. Can you imagine? Barkley talking about this and then we're gonna talk about the scenes yo man be careful going in that direction All we ever talk about behind the scenes as yo man be careful going in that direction We can't have fun anymore. We've had fun all these years and all of a sudden the last year now same thing here so it's

barkley I don't know how many ms is one I think it's eight I don't know the number how many ms has barkly one can you pull it up I think he's one eight nine he's one a bunch of ms right here's a guy that's one a bunch of ms he's loved admired probably the best guy to listen to entertaining his hell he keeps that show together if you think about it and one for him is the glue guy he's the glue guy even shak says the shak says the face of this show is Charles Barkley shak he said the face of the rules together is Charles Barkley right to say some like this how much credence do you give to what he says right there top i give a lot of credence i'll say why um

i of love barkley you and I had the privilege of in Dallas going to seem to speak one time. You got, yes. Yep, at a college function that was there. And what's really interesting is, I think it was about six weeks ago, Barkley on camera, on stage, during the show, said, you know what, I'm getting tired of what these politicians are telling people to believe because I think black

most black people most white people most Hispanic people are all good people are all good folks and they're getting tied up into the thing remember that he gave that little speech and I thought that was so pure and so necessary for him to say you know what the people I see I think everybody of all colors is basically good and they're getting revved up by outside forces. Do we have things in America that need to be addressed? Yes. Do we have things that need to be changed? Yes.

Do we have historical things that have kind of followed us around that we have a chance to get a new generation thinking differently? Yes. But right now, the majority of people are good people as we work through all those things, but they're getting revved up by the government that wants power and pitted against each other. And he's talking here, these jackasses are just trying to get you fired.

It's a technique of lobbying now to get someone fired for having anything other than no opinion. I think it's terrible. What's going on with charles but i think he uh... to times point i do agree with him here look charles barkley is a personality uh... even when he was playing in the mba he had a larger than life personality he went against the grain he said i'm not a role model member that famous commercial tell your kids not to listen to me who says that what adults says that

so this guy's been cancelable before cancel culture was a thing but he's maintained it for the last thirty plus years i think something that is resonating and i mean what's i mean what's side politically do you think child's barkley leans center center what he's probably center period center yeah i think he's more center left i mean he supported dog Jones in alabama

if he supports more democrats then he does republican sure that's for sure okay what what way do you think bill marley's politically as an example center left center left okay left so you have it i'm i'm there's a theme here going on here even me for example charles barclay center left uh... bill marl left, but it seems like he's coming center. Me, a little more left, especially socially, physically a little more right, coming a little more center. And what's the common theme?

We're all basically seeing what's happening with this wokeness and this cancel culture and we're like, this is ridiculous. Being woke, you know, a few years ago, actually was a good thing. Meaning, I'm aware of what the hell's going on. I see what's going on. I have an opinion. I'm not just sleepwalking through life. Now woke has it gone as done a complete 180 and if you're woke that just means you're part of this. You're canceled your cancel culture. Antjamaima you're done. Redskins you're done. You did this 20 years ago. You're done. did this 20 years ago, you're done, canceled, fired, you're done. And that's a very slippery slope.

And I think that's exactly what Charles Berkeley is talking about here, is that if anything you say or anything you do is automatically cancelable and a cancelable offense, that's not America anymore. You know, you know what Eisenhower said in his farewell speech when he was coming out. Do you know what he said? Do you know what direction I'm going with the sky or no? Was this the... He said in his farewell speech when he was coming out. Do you know what he said? Do you know what direction I'm going with the sky or no? What's this thing? Okay, he said in his farewell speech.

He says beware of the military industrial complex. Okay, and what he said about this is the following. He says, if you use the word communism to try to cancel anybody, be very careful with that. Just because somebody uses the word communism, you don't cancel them. This started off with McCarthyism, right? Which was, hey, I have 200 and something,

people kind of like Adam Schiff saying, I have proof here that the Trump was colluding with Russia, I have proof here, right? And then there's been no proof that he ever brought up. And so this cancel culture thing is something you have to be very, very careful with. You know, Lincoln has a quote, I'll look for it to read it to you. And he said the same exact thing. It is a like he was talking about prohibition where people are using prohibition

to be able to arrest anybody. I mean, if you go back and you think about these laws that we came up with, right, you go back and think about the McCarthyism was what? If you're communist, anybody that's your friend, I can come after them as well and tape them, right? Very dirty. Then that goes to Rico. What did Rico allow you to do in 1970? Rico.

Racketeering. But what Rico allowed you to do is, if you're even hanging out with you, I can record his house without even getting permission. Slippery slope. And then Rico led to Omni bus. and Omni bus led to Patriot Act. It's more control control control control control, right? Okay, today, if you think about who's doing most of the silencing,

which side of the aisle is it today? Yeah, it's not gonna be the left at this point. It's the left, it's not actually a university, is that's like the big knockout when you're in your mouth. Number one is universities. Number two two social media Number three is you know, I mean I can go on and on you can't people people don't feel

Everybody who said anything about the virus being man-made got canceled until John Stewart said it on Stephen Colbert Yeah, there's just a sweet said it on Stephen Colbert that video went viral Why does he go viral and Stephen Cobbett doesn't get canceled, but everybody else that talked about it the last 12 months, they got canceled. You know how many videos have been canceled? Because just because we had a person that said, so what they said, so the reason for that, which is what?

I think a lot of people are willing to listen to people that are on their team, before they're willing to listen to someone on the other team telling them what's right or wrong. So if John Stewart who is traditionally a liberal, no one on the right is going to listen to him as an example, right? It's a lot of echo chapters. John Stewart. I disagree. I think he's always listen to John Stewart. You're one of the few. No, many many people, the point that I'm getting here is a macro perspective here. I have a chicken.

It's reasonable. It's a lot easier. I think you smart. If you're, I'll just be very clear here. It's a lot easier if you're a Democrat. To convince other Democrats, hey guys, your way of thinking is a little wrong, you need to figure this out. Versus a Ted Cruz trying to convince Democrats to think a certain way.

Versus a Democrat, an Adam shift character or a Stephen Colbert speaking to Republicans trying to convince them versus Donald Trump saying, Hey, guys, you got to change up how you're thinking. I think the point that I'm getting at is that you're willing to listen to someone that's on your team before someone that's not on your team. So it takes someone like a John Stewart to wake up the, the left, if you will, as to maybe the virus. I agree with that.

I think, meaning it takes somebody from your own side to wake you up. To call you, to call you out. But I also think the reason why a lot of people were silenced the last 12 months is not because it's an opposing idea. It just doesn't fit the narrative. So if you're trying to drive a narrative, narrative, narrative, narrative, narrative, you have to silence anybody that doesn't fit the narrative and that's what happened the

last 12 months. And now they're sitting there saying, well, you know, yeah, you're right, it could be man-made. Well, we don't know who says it can't be man-made. So it's a very, very slippery slope to go in a direction like that and I applaud listen. I said this yesterday. I said Walking on eggshells and cancel culture. It always eliminates the most talented entertaining people Barkley's the most talented and entertaining person he steps away. I agree Kevin Hart was supposed to host a damn Oscars He's the most entertaining funniest funniest guy at the time.

The guys were getting box office, he was making records after records after record. To the point where he tweeted something, the other day I sent him a message, he says, much love and I appreciate you. You know, it's just congrats on how we're going back and forth texting each other. There are certain people that you lose,

like we want the Ricky Jervais, we want to bill birds, we want the Chappelle's, we want to Kevin Hart'sais we want to bill birds we want to ship else we want to Kevin Hartz We want the Barclays, but no they offended somebody they offended somebody you got to be very careful because you can't say that God forbid You offend somebody and in the col- in the colodeon the other day post a Video on the left Nickelodeon post a video the other day trying to please the transgender community You saw the numbers when the colodeon did you see what happened when the colodian's number after that? Add that one up?

Sure. Plummed it. Oh, it's not even plummeted. It's catastrophic. Catastrophic because transgender is not a democratic thing. Democrats, some Democrats are sitting behind closed doors like, listen, I'm not, I'm not like, why are you putting that in my kids face? If you supported, supported, but this is Nickelodeon,

and what are we doing here? Oh, to try to please a small percent, what percentage of America's transgender? Like 1% of that. It's not even 1%. No, no, it's probably 1% of 1%. So to try to please the 1% of 1%, but you throw the other 44% under the bus,

and you lose that audience. It's not only it just doesn't make sense. It's not even a good business model to do that. There's nothing about it that makes any sense. Did you see that video of it was a family asking, hey, would you take a picture of us and they give the camera to just a random guy and it's like a family of five. And he goes, okay, say cheese. And they, excuse me, I'm actually a vegan.

I don't do cheese. Okay, so we won't say cheese. All right, everybody smile. Well, you know, I'm actually depressed right now. So I'm not willing to smile. And basically every family member has an excuse as to why they couldn't take the picture. And it just started with say cheese. And this poor guy is like, yeah, it's like, dude, I why they couldn't take the picture and

it just started with say she and this poor guy is like yeah it's like do that you want me to take exactly I'm out so I'm sorry here's your camera back yeah yeah I mean it's listen more power to a barkley in two years we're gonna lose him enjoy the guy for two years well I think it's

fair to say Chuck I know you're a big fan of the the podcast you have a seat here to my right. Tom will have to sit Turn out but anytime the Charles Berkeley wants to come on Bring on. I'm a guest here, and I appreciate it, but I would love to sit back and watch suit Charles on this program All right, hey, I think it's good. We go a little bit more of a creative site on the stories. Let's talk about Hunter Biden Is starting a full-time career as an artist and his selling has worked for up to $500,000. Please go to page 33, Mr. L's worth.

Well, I would have to say his life is something like modern art. Yep. Hunter Biden has embarked on a full-time career as an artist and some of his paintings can cost six figures. In a statement, his dealer, George Berghese, told inside, it is an honor that I'm able to represent Hunter Biden. He's a wonderfully gifted talent and fine artist he has garnered a follow-on of collector's appreciate and see the interest intrinsic value of his work Biden 51 years old has been painting since he was a young child and he told our net that he's never had any formal training in his new Los Angeles home Biden reportedly converted a three-car

garage into an art studio that includes a brick floor and skylight prices for its artwork range from $75,000 for work on paper to $500,000 for large-scale paintings. Who actually fully believes this? Adam, what do you think about this story here? Well, I've already bought three pieces. I think he's a talented artist. I think Hunter Biden is the next Picasso, clearly. It's, that's what's going on.

Well, you know, I think something for the first thing that came to mind when I heard that he's becoming an artist, it's that he's getting in on this NFT craze. Is that everyone out there is an artist and they're doing NFTs now and have to people are like, what the hell is an NFT? And other half of the people are basically saying it's the next big thing.

But the next thing that I'm thinking about that other than the NFT is I actually think that Hunter Biden deserves to be on a list that we have a running list going on right now. And that list that we've been talking about for a few weeks now is who are the biggest trolls out there. We put Takashi 69, we put Jake Paul up there. I think Hunter Biden smoking crack, doing whatever business he's doing, whether it's shady or undisclosed,

whatever this artwork is going on, I think he's actually just a troll. And the media's obsessed with him. And I think he's doing a good job of trolling. However, I don't know where this artwork's going. I'm sure you have a very different perspective on his artwork. Look, there's narratives have purposes, right?

And there is a media narrative that is trying to clean up the Hunter Biden image in time for the midterm elections. And that's the narrative. The narrative around Hunter Biden is the liberal side of the media, the mainstream media, are trying to adjust the image of Hunter Biden in time for the midterms.

That's all that's going on here. That's the narrative. So little things like this, somebody's sitting around and says, okay, this will wait the story will be. I love this sentence here. He has garnered a following of collectors who appreciate and see the value of his work. I change it from China, if I'm Brazil.

I'll change it this way. From Mexico. He's garnered a following of... Saviouraibia. Hang on, he's garnered a following of donors who appreciate the value of getting close to his father. Yeah. I changed two words in the sense.

I mean, come on. I think this is is a narrative this is a puff piece that's been put together to help adjust his image in the face of the facts that he himself is just dumped in the lab i remember i remember gerry tarcanian being interviewed and say the shark he says your players get paid you and i'll be you know the whole area johnson stacey augment uh, who was the man, Anthony and all those guys. Stacey Augment, yeah, Stacey, that's right. Left-handed guy Greg Anthony. Greg Anthony, who was a great team, you know, he run around. Greg Anthony once went on a went up against, it was a Jordan, he tried a fight or

Kobe. He went up against one of those two guys, Greg Anthony. They went into it. They got into it. I think it was, uh, anyways. So Jerry Tarkin is being interviewed and they said, listen, you're paying your players I'm not paying my play says we follow the guidelines of the NCAA very strictly They said please says what do you mean? He says how do your guys have big jewelry else? Well, listen, we follow the guidelines very strictly period and The report keeps going so but you keep paying your places. I'm not paying the players. So then I'm obviously I have a lot of friends in Vegas and I've been a lot of random people who know a lot of people in Vegas who bet and you know and you know, and he was known for losing

the what he called it the Spread was okay. They're favored by six. Somehow they lose by five Turn over at the end of the game. They were great at dealing with the spread. They controlled all of it, right? So he said, look, it was a very simple business model. He says they would go and have a job as a valley for 30 minutes or whatever it was. And they would say, stand over there, work valley. And when the red car comes, you only get to valley

that red car. So they would go valley, the red car, and it would park it. The tip would be $100,000. He followed the guy's life strictly. You're allowed to get 10. You're allowed to get 10. You're allowed to get 10.

Tip, yeah, I'm just doing, I make five bucks an hour, but I make a hundred thousand tips, right? I get to keep the car. Yeah, so. You seem like a nice young man. Took good care of my car. That's it. How I took it to my business.

People, people tip like that every day. Go ahead, cut. Imagine the one day somebody else goes and gets the car by accident. Oh my but they can I know who's LJ Because you would know grandma mom if you see LJ you would know this guy's a monster right is who he was Anyways one of the players on that team is a barber now and he's at the barber at the same place I go to and he's got some crazy on the UNL He's a barber now and he has some he's got some crazy. It was on the UNLB. He run a level and he run a level. He runs the 12 team.

Yeah, he's a barber now and he has, he says, listen, as crazy as you think it was, it was a hundred times worse. Wow. He says, he says, the kind of stuff that we were doing was ridiculous. He says, I've never party like that in my life. He says, it was crazy to think things were being done to us. We were doing stuff that shouldn't be legal.

You're the best basketball team in the country in college. You're in Vegas. You're the best NBA team in the country in college. You're in Vegas. You're the best NBA team. And you're the best NBA team in your college, right? So what's the moral disorder? Yeah, exactly. I was a moral disorder. The moral disorder is he's not breaking any laws, okay?

Which means if let's go both ways. Let's go both right brain and left brain, okay? Right brain says what? What an incredible artist, good for him. Leave him alone. Let him be creative. You know, his mind goes places and he wants to put art. He's creative, you know, creative people.

When you smoke crack your mind, I go to different places. That's the point, you can get real creative. I had a friend of mine that would do shrooms all the time and I used to love having dinner with them because I would say, did you see that unicorn and he would say, no, I would walk him outside, I was a look up, there's a unicorn.

And I would sing in a background, never in the store. You remember the movie, I don't remember great part, right? It's just, man, I missed the unicorn. I said, no, you gotta see the other one, the flying dog, the flying dog right there and he would buy naive guy in a scene. He would add a blast.

I think that you're actually seeing it because he tricked that many mushrooms. He was that in it, we would go to. He was on acid, maybe not mushrooms. He was that and we would go to his on acid Maybe not much. He was both of them He would be the one that would discriminate out of some mushrooms of the melas It was called the shakers shakers We would go there with him and my friend Armin who's no longer with us anyways

So look if hunter wants to be creative more power to be wants to be creative, you know You know sometimes when you age president boy started doing artwork what he's doing laundering, come on man, he's just doing artwork, right? Right. But on the other side is, let's just say this is a play to play top of a model, okay. Let's say he is doing art where people from other countries who are, you know, powerful people from Saudi Arabia, all of a sudden buys one of his art pieces for $7 million.

If that happens, and you don't speculate, you are the most 90% in total agree with you. But I tell you, if it's selling for 50 grand, $75,000, if they're money laundering at that price, that's nothing. No one's doing $75,000 of money laundering at that point. I mean, that's not the end. I knew this, Joe, when I selected it,

I knew this was gonna be a problem. I'll just find it amazing that we got through, eight years of this before it blew up. And you know how hard it was to keep a lid on this? I should've got another Nobel Prize for just keeping a lid on this one. Is that Obama? Clinton?

Or Obama? You know it's a problem if you don't know. No, that's Clinton. Clinton would be, I don't really understand this. I think this art is always a bomb that you do a way better clinton that obama you want to give it another crack or you're good uh... i didn't let my brother get anywhere near stuff like this

you're good on clinton roger clinton i don't know about it can you do a bomb or no change does anyone have change for a dollar no you sound like jerryner. Yeah, okay, I can't. What's the deal? Okay, I'm kidding. Okay. What's the deal with all these house?

Okay, you bring up a good point here with your friend, Roger Clinton, that was Clinton's brother. By the way, A plus under Clinton, C minus on Obama. But you keep practicing. BizDoc don't stop. I guess my bigger question here is, how much sway good or bad do the president's kids or family members actually have on the polls or votes?

Meaning the first lady, Melania, Dr. Jill Biden, Michelle, they've got some sway. That's the first lady, Melania, Dr. Jill Biden, Michelle, they've got some sway. That's the first lady. But I don't know how much pole the Trump kids had. I don't know how much pole Hunter Biden has or Sasha and Malia or Roger Clinton. I feel like, where are we going? What's that opinion?

I feel like every, how much, how much pull do you have when you go to bodega? Ha ha ha. I don't mean pull. I mean like in terms of voting. You're talking about good, I'm good. If you go to bodega, what happens? Things are good.

You're treating him, you're not even keeps son, you're a friend. You're not anything in that, it's not like you own a part of it, right? This is their son. Wait, he's not anything in that it's not like you own a part of it, right? This is their son Wait, yeah, he's like I'm a hunter Biden, bro. You want to get to my dad? I'm a contact the way I don't mean it like that I clearly I mean in in terms of votes 10% for the big guy in terms of oh, yeah Yeah, no, no, no, that's my point in terms of you're right now like Roger Clinton did pull votes. Yeah, I didn't know

I didn't say I said polls, not pull. I got it. Clearly you have pull. I'm Chelsea Clinton. I'm a Clinton son, like a Clinton daughter. I'm Donald Trump Jr. Yeah, you want to get to the press? Yeah, I don't think I have that.

I'm terms in the actual votes. People say, I was a Clinton guy, but I'm really not a fan. I think America rolls their eyes. The America rolls their eyes at this stuff. I remember. That's my point. I remember a Jimmy Carter hit a brother, Billy.

And he was. Can you do a Jimmy Carter? No. And he was a raging, raging alcoholic with issues. Billy was. Yeah, and Jimmy Carter made no apologies for him. He says, look, he needs to get his life together like anybody else does. He gets off the airplane. I think it was Air Force One. He gets off

the airplane on the tarmac. And you know there's a bathroom on the plane, but apparently he just walked around behind a couple of those enormous wheels and took a leak on the tarmac. And you can go look at it. That's some gangster shit right there. Yeah. And you know, and the president of the United States is, but his name was Billy. And so some company played into his alcoholism and he had a brand of beer. It's called Billy Beer. I have, you know, back in the day, I had a friend that used to collect beer cans, you

know, like trading cards, like rare beer cans and things like this. But it was, anyway, you know, like trading cards, like rare beer cans and things like this. But it was, anyway, it had Billy Beer, man. So I think, I think Binelards the American population rolls their eyes at it until it crosses over and Jared, Jerecutioner, crossed over. He's doing things in politics. So now this really matters and we get big opinions on it. Hunter Biden was doing things on international stage

now we wake up and we don't let him get by with it so but i think he's right let's billy brother billy beer yeah billy beer yeah and take a look at him close you see the family resemblance from a younger Jimmy car or say see it and it's just like and you can also look on their urinates urinates you know underneath your first one i saw that I see it and it's just like and you can also look on their Uranates Uranates, you know underneath there for one I saw that I think I think it's a good talking point especially for your own Team yeah, Hunter did this. Why did you look that I

Can you do this right here? There it is. It's a walk-in talk. Look at media. All right. Let's I just don't think it moves the needle Okay, Coca-Cola lost four billion billion in a market value after soccer star, Cristiano Ronaldo suggested people drink water is what he said. Okay, so the soccer superstar, Cristiano Ritalo Gestures at Euro 2020, press conference on Monday, wiped $4 billion off of Coca-Cola's market value

in all those ahead of his team's match. By the way, this is all he did. He literally just won like this. No, no Coca-Cola, drink water. That's all he did. He didn't do enough. He did not think. It's like this. No. No Coca-Cola. Drink water. That's all he did. Yeah. He didn't do 10 seconds.

He did. He did. He did. Just moved it. Right? Okay. Renaldo ahead of his team's match against Hungary, irritably set aside two balls of Coke then picked up a bottle of water and said, Agua, the Portuguese word for water Coca-Cola

shares had fallen 1.6% by the end of the press conference, its market value dropped 4 billion to 238 from 242 Coca-Cola on official sponsor, the UEFA Euro 2020 Tournament reportedly set in a statement that everyone is entitled to drink their preferences and as the Frank Tase ennies. Ronaldo has previously expressed disapproved of Coca-Cola and other unhealthy foods and beverages. His fitness routine is set to involve eating six meals and taking five naps in a typical day. What a day.

Awesome. Five naps a day. That's a great schedule. So, the power of Ronaldo. Yeah. How powerful is he in market? Well, I think it just talks about the power of the personal brand, the Ronaldo's of the world, or the Messes of the world, or the Lebrons of the world or the messes of the world or the lebrons of the world

or even the jake pauls of the world all eyes are on them and if they do something it could move markets and in this case runaldum move the market by four billion dollars in ten seconds basically saying he's not a coke guy so you know who would be very proud of him adam sanler in the water boy would be very proud but bobby bouch who would be very proud of him? Adam Sandler in the water boy would be very proud. Bobby Boucher would be very proud of Ronaldo right now. I think this is a little overplayed. You know, basically...

You think four billion dollars is overplayed? Okay. What is Coke worth? 242. Now 238. Correct. That's exactly right. And their high for the year was 257.

The stocks at 54 right now give or take, the low for the year is 43. The high for the year is 56.57. Basically, you have a little blip that could have been any given day could have moved $4 billion. Just with market factors, the price of sugar, things like this. But I think what's interesting,

we're pointing out is how markets can move with influencers. And I think that's a story. The story isn't co-class four billion, and they're gonna get it back. And Coke is not just all about soda. They've been buying into other drinks. They own Minimade, you know, they have Dessani.

They've been going not full-bore on soda for a while. And they've been taking caffeine out of sodas. They've been taking sugar out of sodas. They've been trying not full bore on soda for a while. Maybe taking caffeine out of sodas, they've been taking sugar out of sodas. They've been trying to follow that. I mean, they caught more heat for vending machines on campuses with economically priced. You and I go down to a vending machine, a lobby of a building, it's a dollar dollar fifty for a Coke,

but they're vending machines at 50 cents so the kids could get coaks with their lunches and they're pointing out there's a lot of sugar in that. There's probably something else you want, you know, adolescent developing kids to be having before they go back in the classroom. And so the story here is that influencers now really move markets. That's the headline, not that coke lost 4 billion in one day that they're gonna get back in the next 10 minutes. Another side bar here. It's the power of the influencer now. I agree. I think something just,

this might be a good little case study on inflation and like a can of Coke used to be 50 cents. Now it's a dollar 50. And now they're keeping the price the same size, but the same price, but they're basically making the cans smaller. Have you noticed these smaller Coke cans? It's just interesting that they're all sort of around

the same price, but the sizes are getting smaller. Now the greater headline, if I was at Forbes or some place, my headline, you know what my headline would have been on this? What's that? And it says, you know, influencer marketing confirmed as Coke stock moves when Christiana Ronaldo, you know, touches two bottles in a certain way.

And it's for everyone that says, gosh, why do you pay the Kardashians for a tweet, you know, $50,000 for a tweet and then a backup tweet and a retweet, it's 50,000, here's your package, here's your rate card. Why do they pay Instagram influencers this? I mean, why is all this happening? The reason is happening because influencers move markets and make products move.

That's the story here. I think the story here is that he takes five maps a day. That's pretty gangster. I think everybody would want that, but I mean. He's killing, by the way, simplest out. He's killing. He does one ad, gets nine million views. I mean, people are paying him left and right to just do ads.

This guy's making so much money, it's not even fun. I mean, look, is there, this guy said, I, the tiger on your list of like just the, the most alpha males out there, studs, soccer player, best of all time. He's a total, good looking, I have, where is he on the list? How many balloon doors is he on the, in world, in world in world in world? He's up there. Sam. Sam. How many ballooned ors has Christiana Ronaldo won? I don't know the answer. I don't think it's 9 or 10.

I think it was 3 or 4. I thought he and Messi won like eight of the last 10 or something. Was that like a trick question? What were you trying to do right there? No, no, no, that's five. He's got five just so he's alive. That's like the MVP of the world of soccer. It's five. And so he's not just an alpha male.

This guy's a tiger with soccer. We can't hear you, just so you know, you're muted. We can't hear you. Yeah, go ahead. He has his own museum, he has his own hotels. It's beautiful, but he has also in business besides it. But the question is does he have the statue that James Corden made for Beckham?

Because the statue, I mean, Beckham has the greatest statue of all time. I don't know if you guys have seen that with the chin. Have you seen the, Paul the Staten guy guy the ugly statue where yeah You see that pull up pull up the statue with David Beckham statue James Gordon You guys never seen this before it's hilarious. He pulled the trick on him He says so the day the opening of the statue

Gordon brings them out to say you guys have to see the spoof just go to images because you can't play the video He doesn't because you can't play the video. He makes this statue. And he says, Brinxamad, he says, look, we're so excited about it. Look at his arms, how long it is, the fake one. Hilary's fake statue, look at that. Arms are long, he says.

And the artist who is, the comedian who is acting like the artist is Mazji Brani. And he's going talking to him, say, we spent some because your arms are long. We wanted to to give you with because you have so much power in your chin you have such a powerful chin he said I don't have a chin that big that go on the butt side go on the back go in the back go butt type in butt type in butt Tiki let's just see if they showed or not there's he says I don't have a about that. He says you have a perfect butt. So we wanted to really highlight how big you think.

He THS CC see I don't think Renaldo has a statue like that, but Renaldo is a legend and when he does sponsorships, people make a quick quick shout out to a quick shout out to Clay Smith, who's a great grandma just passed away. She had 17 grand, great grandkids and you know, want to give a shout out to Clay Smith's great grandma who just passed away. She had 17 grand, great grandkids and you know, want to give a shout out to Clay Smith's great grandma who just passed away. That's his statue. And by the way, that is gotta be, that is gotta be, that's gotta be the worst statue I've

ever seen in my life. I would be so offended if I was in the gut. Ronaldo before and after. It looks like the two sides have been put together. Before and after, what do you tell my braces or which one? Yeah, if you put your hand over, it's out of the statue. Like, just click on the first one. You're saying he wasn't good looking at one point? I'm just saying, you know, everyone has to go through an ugly phase. Even Ronaldo was kind of, go down, Kai, go down, the red shirt right there, boom.

Yeah, I mean, you know, clearly he's looking better these days. Can we see your before and after? There's a picture of you. I'm not trying to compete with Ronaldo, but homies done well for himself. I'm gonna picture you. Being a professional athlete. Be sure to shot, by the way, all of your 19 female that were

following you, the ladies that were following they left out It's got so offended you offended the Ronaldo right okay, Trump. Let's talk about Trump. Let's talk about Trump here. Donald Trump Set to visit border before Kamala Harris news week story Donald Trump has increased pressure on vice president Kamala Harris as he announces he will visit the US Mexico border before late June Trump Who made building a wall to combat immigration One of his key presidential campaign promises said he would visit our nations now Decimated a southern border with Texas governor Greg Abbott on June 30th Biden is also for facing criticism For the record levels of my immigrant migraines

Attempting to enter the country illegally since this time in office after walking back some of trumps more ha hard line immigration policies in an attempt to provide a more humane approach in april nearly a hundred seventy nine thousand people were detained trying to enter the border the highest level since april of last year abid sent a letter to biden in late march demanding answers to the humanitarian crisis at the border abid said he plans to build his own wall along the state's border with Mexico, although it is unclear if he has the resources funds

or authority to do so. Adam, I'm going to go to you first. What do you think about the story here? I got to tell you, everything with the border is so politicized and I don't have the answers here. I don't think anyone does. That's the biggest problem here. I will say that, you know, I'm a big fan of pop culture. Did you see the trending video that was going on with Kamala Harris and Donald Trump this weekend? No. All right, well, if you've got kids in the room,

user earmuffs, it was real, actually hilarious. So I've never been to Europe either. Yeah. The Kamala Harris came out, this was the video. So I've never been to Europe either. Yeah, the com La Harris Came out this was the video com La Harris being say basically saying If you're in Mexico Don't come I know that yeah, I saw that don't come and then it cuts it down on drum goes I'm gonna come

And actually doesn't go like that it doesn't say Mexico. You're right. He just says she just says don't come exactly don't come exactly He says oh, I'm gonna come. It's just It's a genius market and a genius mark so clearly you have strong opinions about this Trump's coming Kamala Encouraging not to come he's coming anyway. That's a that's a brash man right there all right right right Kamala, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, Kama, the narrative, right? What was the narrative? They wanted to get him out of office, they wanted him defeated the re-election. So the whole narrative on immigration was you're putting kids in cages, you're not letting people come here, they just want freedom here and keep the borders open. So whatever Trump was trying to do, they were trying to do the opposite and they were spinning it

for the purpose of voting blocks. Okay, that's what, that was the narrative. Now it goes the other way. The other way is now Biden's in office, Trump is gone, and you've got Arizona and Texas and the city of Austin. And remember, there's a lot of Californians that are in Austin, and there's a big thing down there, and all these billboards and t-shirts, you can get keep Austin weird,

mean weirder than arrest the Texas, meaning more lavender than blue or red. The narrative is now, hey, we have some very real problems here, it need to be cleaned up. We got problems here. San Francisco does not like national news stories talking about feces, urine, syringes, and homelessness. They don't like it.

And there are people there that one see it fixed. And now it's a different side of the narrative the narrative when you're getting trump out is is the whole problem at the border is about trump and give these people freedom now the vice president is going down there saying do not come here don't stop I'm gonna do the whole thing she's saying don't come across this is a bigger problem we want to why they're leaving their country and what a trouble is it stop the point yeah they're flipping the narrative and it is so cruel to the american voter it is so cruel to the people that you're supposed to be serving that are living in these communities where these secondary problems are happening

gosh because there's no where for these folks to go if they were joining up with relatives they were finding a job they had things going then give us retired to report your huddle message You're ending to brief three come across. So what's your solution be solution oriented? You're identifying the problem with my absolute My solution is that there are America is not a race America is a melting pot and experiment of people that came from somewhere And have a door at the border, welcome people that are refugees, but there's a process to do it. You can't have them streaming across.

And on a beautiful door. And one moment, you've got people just all over the border issue and just ignoring all the secondary issues because you just want to get Trump out of office. And now they're willing to look at some of these problems and it's like they're going the other way. It's the hypocrisy of this is just stifling. Let me ask you, you ever lived in a gated community?

Well, would a high rise be considered a gated community? Where you lived with millionaires and deka millionaires, where you lived, there was a lot of rich people in our building. That's true. That's called a gated community, right? There was a lot of security when people a building that's true that's that's called the gated community yeah right there was a lot of security when people can hear how do you like that is nice is nice right okay I do as well I think America's got to become a gated community because where do people typically want to go to the fanciest places what's the fanciest country in

the world still today it's where you lived is a pretty fancy place. It's a beautiful place, right? It was gated. I think it's nothing wrong with America being gated as well to protect itself, especially people who are living down there. Here's the other part I'll tell you about this. Do you think you need to go? Go ahead. No, do you think we need a gate on both sides? Not on Canada side. You know why?

Because Canadian government is actually doing a decent job keeping their people there. And Canadian are not trying to break the law to come down here. We don't have a Canadian border problem. We have a South and Central America problem. It's not just Mexico, Salvadorans are going through Guatemala to make it a South and Central America problem.

Not a Canada problem that we have, a border problem. I mean, nobody from Europe is swimming out here. It's a long swim, so it's gonna be, we don't need to put a border between there because the sharks are gonna handle that themselves. We don't need to worry about that. We got great security in the Atlanta Ocean. Canadians are some of the greatest people in the world.

They are, except for any one of them in this room, they got some issues. Everybody else, I would say yes. Now, let's talk about this. Now, as Canadians are very good and they know how to drink a lot of beer by the way. Cocany. So here's a part about this here.

So for me, it's very simple. When we started our YouTube channel and then we changed the channel to value-tamen and we started doing a couple interviews and I started liking doing interviews because I enjoyed people's stories. I like talking to people. A lot of the people that were doing interviews at the time

they would only interview people that came to their show. It's like, no, you don't come to me. I'm not doing the interview. I told my guys, here's what we're gonna be doing. We will go to them, okay? And here's what I want you to do. When I go to cities to do an interview, I want you to set me up with three. If there's three interviews in a city, I'll go. So my booker had one job. They're gonna put three interviews in a city. I'm going. So I'd go to New York. Time remembers my schedule. Let me tell you, it's not easy because you have to remember to know it's the facts, all that stuff, any questions.

So you're sitting on one minute from, a general, who was a general that we interviewed in New York, Macrystal, and then I'm sitting with this scary moochie, then I'm sitting with Bernard Kerrick, then I'm sitting with, it was Ariana Huffington, then I'm sitting with a back to back to back to back to back to back to back to back to you. You got to get ready for the questions you're asking, right? Okay.

But we went to the guest because we were a small YouTube channel. We only had 50,000 subs, 80,000 subs, 100,000 subs. So we went to them. What happened eventually? Eventually we got a half million subs, a million subs, a couple million subs, three million subs. Now people are willing to come over here. Why? Because we now earn the right, but even today, yesterday, I flew out to do an interview with one of the most powerful attorneys in the world that many know, but I'll, you know, very soon I'll talk about who I was with yesterday. A two-hour interview ended up being six hours at his place that we were with and talking about stories and seeing stuff that it's just

private stuff that we talked about, which we'll share with the world here soon, who the person was that I interviewed. Moral, the story is this, anybody that I ever met who kept crushing it, they always went to the problem. They always went to the source. They always went to the customer. Goldman Sachs, they're having a conversation with the other investment bankers. You know what the biggest complaint was? Here's what the biggest complaint was, why some investment bankers were losing business

to Goldman Sachs. I can't believe I'm playing with a man right now. He says, the reason why we're losing business to Goldman Sachs is because Goldman Sachs investment bankers still get on the plane and go meet with the client to be their money backers. They still are willing to go me with them while everybody else is just doing zoom zoom zoom zoom zoom. Goldman said we're gonna come at me with you.

Guess what happened during COVID? They got the big money. The other guys are like don't leave your office, sit right there, God forbid something were to happen. Goldman got the business. Very simple. That's why gold weren't- And they weren't careful. They weren't careless. They were careful. But they got the business. By the way, they're my guys.

So they want to get the business. They want to recover that a couple of months ago. Yeah. They go to you is what they do. Okay. My sales guys, I have a guy in the company. Shina Matsupalo, you've met them before. We paid him nearly 300 last month.

Okay, is what they made. Okay. Month. You know what they're very good I have many guys that were bigger than them when we were coming up and I would tell them go meet the clients and we'd say no Why would I go they need to come to me? I don't drive two hours. I don't drive three hours What is she in a mess of Paladu? They'll they'll fly to Memphis The fly to Seattle the fly to New York the fly to Baltimore

The fly to Orlando the fly to San Diego the fly to New York, the fly to Baltimore, the fly to Orlando, the fly to San Diego, the fly to Arizona, they go to people. They didn't make the money last month by luck. They made it because they went to the source, to the customer. They went there, right? Okay. Um, Trump is doing what they should be doing. He's going where the problem is. And by the way, here's what's a very bad look for them right now. Everybody in America, Lester Holt is asking Kamala Harris, why are you not going to the border? The former president whom you kicked out, whom you silenced on all of social media platforms said, don't worry, I'm gonna go over there, and I'm gonna go with Greg Abbott, and we're gonna go see what's going on.

And try to help and influence and give support to the people that are working on the border, because you're not gonna ever know what they do at the border until you go see what they're gonna do at the border. There's a big difference between you seeing it on a video. There's a big difference between you reading an article about it.

There's a big difference between me sending you to go to the border versus I go to the border. There's a very, very big difference between you reading an article about it. There's a big difference between me sending you to go to the border versus I go to the border. There's a very, very big difference for you to see it. You gain loyalty that way. You're as a go on the best leadership books I ever read. Was by Donald T. Phillips called Lincoln on Leadership. You know what Lincoln on Leadership said? He said, circulate amongst your troops.

It's what made Lincoln so admired by the people that work with them. He went and circulate amongst your troops. It's what made Lincoln so admired by the people that work with them. He went and circulated amongst his troops. He would say, how you doing private? How you doing specialists? How you doing corporal? How are things? Everything good? How are we looking?

Circulate amongst your troops. If you've ever seen a movie Lincoln play by Daniel DeLuce, you'll see him where he's sitting. He's sitting amongst the troops. It's why they call him the greatest president of all time because he went and circulated amongst the troops. He didn't sit back and order others what to do. He went and circulated amongst the troops.

And that's all 45 is doing right now. Something 46 can learn something from and take some notes and say, you know what? Maybe we ought to go out there because we're looking at fools right now that the former president needs to go out and we're not even going there. And the number one is one of the biggest issues we're facing right now in America is what? Immigration because we made people in South and Central America think it's open borders. Come on down. It's not a good look for the current administration and all I can tell you is Trump capitalized

on an opportunity and it looks very good for him for 2024. Not saying he's going to run or not. It's a very good look for him because it shows Republicans care more about the border than Democrats do. Historically Democrats have always been known what? They care more about those coming across the border more than anybody else's does, but they're not going there. If Republicans win that statement, which is what? Republicans

care more about the boarder than others. Is that a small percentage? Could that be a half a point? Could that be one point? Could that be a quarter of a point? Could that be a point and a half? It could be, does a point and a half mean anything in midterms? Does a point mean anything in midterms? I mean, Trump just announced he's going on a tour across the country with what Bill O'Reilly to go and do what, to talk and address issues and answer questions and he's going out there working as a president that's just not sitting there and I'm gonna go out there circulate amongst the troops.

Look, anybody, whether it's your competitors, anybody in politics and business and sports, anybody that does that, you bet a tip your head off to the MSL's and I got respect for this guy because he wants to play ball. And that percent and a half, that percent, takes a lot of work and energy to do wants to play ball. And that percent and a half, it's a percent and a half takes a lot of work and energy to do that.

A lot of work and energy to do that. That's why many don't want to do it. It's fine. You just said percent and a half. And just remember, a percent and a half is a three point swing, right? The net difference is three. That's the whole ball game on the last four presidential

elections. That's the ball game. So you move the populist something like that? Yep. On a lightning rod issue like this, it's defining. And then the other guy is now making the policies. It's so funny.

People look at, you're so right about things you're saying today. You know, people, if, let me put it this way, if you're watching a weather man By the way, this is not a left or right thing George. We senior had become so much above like I'm above everybody else I'm the former director of CIA have more experience in politics than anybody else and the lady from art It the lady asked her quote asking the question about that How does the national debt affect your family? It says what you don't think I'm affected by the debt and then Bill Clinton comes and says Ma'am, can you please tell me how to affect in your life

and a lady answer to this you know what into state of arkansas here's what i do what we've done in our state is we understand what it is to go through this and i understand your feelings and if you vote me as your president i will be able to help that out of that uh... it's the economy stupid bill clinton equals donald trump in this situation circulating amongst troops have to be related average but why do you think uh... do you think, this has to be a strategy of some, like I'm not a big fan of Trump.

Negative attention, it's, negative attention she doesn't go, if she goes. So that's the reason that they're saying, look, Kamala don't go, because if you do go, it's gonna be a lot of negative attention. How is it the border with the board of the mess? It's like bad PR. They don't, they're making a conscious decision. I'm gonna step back because her her response was I've never been to Europe, which was I think was ridiculous, but okay, let's just say there must be a reason

she's not to say you got your you always hide your brother away from your girl for whatever reason. Okay, and then you go in your your girl meets your brother and all she talks about on the drive back from dinner is your brother And you're like dude you're with me why are you talking about my brother? And she says you know what I like your brother. He's so funny. I like him so much that story He said oh my gosh, and you're just like ah Can't believe he's talking about this. I don't want to bring attention to it right. This is the level of insecurity Everybody has a level of insecurity. This is purely an insecurity think if they go to the border It's going to show that Trump's policies did better on the border than theirs

That is not going to help them for the next two years so you cannot bring attention in an area where Trump won So that is a strategic move brilliant. It is a strategic move, but it's not a brilliant strategic move It backfires it gives an opening to Trump. What they have to do is the following, this would have been a better move on them. My suggestion could be wrong. I'm just an entrepreneur. They could have gone there together and they could have said, here's what's happening.

Here's the issue, here's what we have to do about it. We're working on it right now. We have our team over there, and I went for myself to see it. This is what we're doing right. This is what we're not doing right. This is what we're gonna get to the bottom of. Give us 90 days.

That's the better approach. And the American people, you know what they would've said? Oh, okay, cool. All right, let's move on. You know the whole thing about the, I'm sorry where you got there and you say sorry and then people move on, okay, cool. Let's go and appreciate, no problem.

And just kind of move on. People forget. Sometimes people just wanna know that you're putting the, putting the right attention to the issue that matters to them. They're not doing it with this. You know what have been a boss move? What? If you do a bipartisan group that goes down together. That's my point is that they're so both sides are so concerned. The most divisive presidents both sides.

Like at the end of the day, do you want to fix the issues or do you want to play politics? If you actually want to fix the issue, you bring a Kamala who goes with Greg Abbott, you bring a better or a roar, can you bring representatives from Arizona, Texas, from both sides and you actually figured out, but no, they want to play politics. Both sides are guilty. Both Obama and Trump did this. They both did it. Where it was, getting away from the center.

We win when we go more to the center. I love what Bill bill Mars doing right now I love what Stewart is doing right now. I love what Russell Brand is doing right now I love what Tucker is doing right now. I love what a lot of these guys are doing right now Where they're calling out both sides? You need more of that little bit of hand at the is hand at the Trump can't do nothing wrong And hand at these eyes, but Trump can do a lot of wrong in Tucker's eyes You need some of that today and it's bringing us more to the center center sign less dividing center We can have different different opinions, but we got to be more in the center to understand by the way somebody commented here and they said

Career ships Said completely agree with pbd. It's easy to get up and go to where the top people are That's why I'm flying out to from UK to Florida to see pbd Tom Adam and the vault in September. See, Richard, we're looking forward to seeing you. I do a conference twice a once a year, and it's called the vault conference. The last one we did was 2019,

and people from 40 plus countries showed up. It was only 500 people. This one we're doing this year at the diplomat, we're expecting 3,000 people to show up from 100 plus different countries. And the speakers were about to announce their very strategic speakers that we're going to at this event and it's gonna be investors founders Entrepreneurs see sweet executive sales people employees who want to grow their business and those that are trying to raise their money

This is not an event. I would miss if I were you especially after us going through COVID You're gonna want to find out strategies that are working for people post COVID. There's gonna be a lot There's a lot of money being made right now because people simply have better strategies than you. And if you're not yet registered and you want to go with us, go to, I think the website is what? TheVol.comference.com. Can you put that up?

Can you put that up? Put the, a matter of fact, go to the website, thevol.comference.com to show it. We want to see all of you. If you're not registered yet. And this is going down what? Early September, where did the date take exactly? September 1st. September 1 going down what early September. Where did the week of September? September first after the diplomat and then we're doing some unique things at the end. We're gonna get a yacht and we're gonna

Go out the diplomat as a beautiful property. It'd be two and a half days of training. You'll get that manual that we have there and ticket tickets go to the bottom. They'll be general seating General seats platinum executive founder seal. I think seals fully sold out. It says CEO, I think CEO's fully sold out. It says five, I think it's one or two left. One or two left. That's about to be sold out, so you can't buy that ticket. Founders about to be sold out, you can only buy the general platinum and executive tickets. And I definitely look forward to seeing many of you guys.

By the way, the people that want to come visit the South Florida, it's actually a cheaper time of year to come. A, you can fly into Fort Lauderdale or Miami to get to this location. And I got, I guess, right now we gotta give a quick shout out to the team that's putting this together. Sales guys, Leo, the VT team, Eric, my guy Don, Donnie Brasco, they're doing a great job. I gotta give him respect.

They're doing a great job. They're all this well. Okay, having said that, Gank, I, Darryl, I think we're doing podcasts next week Monday Instead of Tuesday, so we're gonna be doing podcasts on Monday next week not on Tuesday So put it in your calendar Monday nine o'clock Samville or is it same time now? I'm gonna. Okay Monday nine o'clock not Tuesday We will do it again next Monday nine o'clock have a wonderful weekend

Everybody go box take care bye bye bye you you