The Trillionaire Mindset - 32: Assaulted at Home Depot

Episode Date: May 6, 2022

THE NEW WEBSITE: https://tmgstudios.tv A dangerous trip to The Home Depot, stock market in a plunge, and a recession looms. Plus, Ben and Emil make a return to Crypto Corner. All that this week on ...The Trillionaire Mindset! If you listen on Apple Podcasts, go to: https://apple.co/trillionaire Sign up at ButcherBox.com/TRILL and get 2 lbs of ground beef free in every order for the life of your membership. Visit https://smith.ai to read 5-star reviews, and be sure to use our code TRILL to save $100 at signup. Go to http://public.com/TRILL and you’ll receive a free stock once you open an account. *This is not investment advice. Offer valid for U.S. residents 18+ and subject to account approval. See http://public.com/disclosures/ Go to https://www.bambee.com/trill right now for your FREE HR audit. SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/trillionairemindset Trillionaire Highlights Channel: https://www.youtube.com/TrillionaireMindsetHighlights Trillionaire IG: https://www.instagram.com/trillionairepod Trillionaire Twitter: https://twitter.com/trillionairepod TMG Studios YouTube: https://www.youtube.com/tinymeatgang TMG Studios IG: https://www.instagram.com/realtmgstudios TMG Studios Twitter: https://twitter.com/realtmgstudios BEN https://www.instagram.com/bencahn/ https://twitter.com/Buncahn EMIL https://www.instagram.com/emilderosa/ https://twitter.com/emilderosa *DISCLOSURE: THE OPINIONS EXPRESSED IN THIS VIDEO ARE SOLELY THOSE OF THE PARTICIPANTS INVOLVED. THESE OPINIONS DO NOT REFLECT THE OPINIONS OF ANYONE ELSE. THIS IS NOT INVESTMENT ADVICE. THE VIEWER OF THE VIDEO IS RESPONSIBLE FOR CONSIDERING ANY INFORMATION CAREFULLY AND MAKING THEIR OWN DECISIONS TO BUY OR SELL OR HOLD ANY INVESTMENT. SOME OF THE CONTENT OF THIS VIDEO IS CONSIDERED TO BE SATIRE AND MAY NOT BE CONSIDERED FACTUAL AND SHOULD BE TAKEN IN SUCH LIGHT. THE COMMENTS MADE IN THIS VIDEO ARE FOR ENTERTAINMENT PURPOSES ONLY AND ARE NOT MEANT TO BE TAKEN LITERALLY.*

Transcript
Discussion (0)
Starting point is 00:00:00 Do I look younger? I started moisturizing. You didn't moisturize before? You knew this, everyone's been yelling at me. I didn't know that you didn't moisturize. I knew that you didn't wash your hair or your body. I washed my body, don't, that's not true. I do, not true.
Starting point is 00:00:17 I washed my body. Okay, yeah, you were there and your friend freaked out because I said I didn't do anything after that. Yeah, that's insane to me. But you gotta get serovied. Do you even know about serovied? Yeah, that made me. It is the best lotion ever made.
Starting point is 00:00:30 I don't know what they did. I don't know if they're using stem cells or something, but that's what I look younger. Yeah, yeah. And then I also started wearing, apparently you're supposed to sunscreen every day. That's what they say. So I got super-goop,
Starting point is 00:00:46 wait, goop like Gwyneth Paltrow. No, it's just like fancy um, sunscreen company. Sarah, they also make sunscreen. Okay. What do you work for them? No. I should. I should get a referral code. I'm trying to partner with American Express because so many people are hitting me up. What a Jerry Seinfeld. What are you Tina Fey? I wish man they must be swimming in miles. I'm sure they are. No I I kinda Tina flies for free. I'm sure she does. Yeah absolutely. I don't know. No I'm sure she does. She's probably got so many fucking miles in points. It must be miserable flying for her because people are probably constantly being like hi Tina Fey.
Starting point is 00:01:26 Remember in 30 Rock when you said that thing to Tracy? What did that mean? No, I, American Express only gives you so many referral links, like the window is closed right now. When I try to go get referral links, it just doesn't have to. And American Express closes a window. God opens a door. Yeah and then Chase makes a little rat hole or something. But no it's frustrating because you're only I'm only
Starting point is 00:01:55 limited to like 10 even when they're on so when I get like 30 people asking for referral links I got nothing for them especially right now. Excuse me. So I tried calling them, and it is such a pain in the ass to try to set something up. I have a very popular YouTube show. I essentially had to say that I'm like, listen, I'm not trying to sound like a douchebag here, but I've got a lot of people. I'm not trying to sound like a douchebag.
Starting point is 00:02:19 I've basically said, I got a lot of people who are interested in American Express cards, and I got nothing to give them. So it's in both of our best interests to Come together and make something happen. They were like sir. We work with Jerry Seinfeld who the fuck are you have you heard of TFA? They don't I haven't seen any amics commercials for them in a while Acting like you watch television, but you don't even watch your hair. That's why my that's why my reference point is whoever reference point is whoever their sponsors were 10 years ago yeah well they got to get with the program they got to get with the times who well now it would be like fucking me I can't even think of someone Casey nice that or something cuz he's all the traveling and shit no it would be like me
Starting point is 00:03:03 just say me it would be you yes you are you say me. It would be you. Yes. You are. You are today's Jerry Soundfeller Tina Fey. But only in the sense that I love American Express and I will shield for them. Sure. Ah man. American Express, if you're listening, Mr or Mrs American Express, please.
Starting point is 00:03:17 Mr. Mrs Express. Yeah. Please call me American. My father's Mr. Express. Ha ha ha ha! Well, shares are just getting hammered this morning. Every day they're pounding it! I'm not fucking late! Oh Hey Glenn shout out to all the Glenn heads out there
Starting point is 00:04:08 We got a disclaimer that you got to check out in the description box. You got to click see more. It doesn't even say see more. What does it say? It says see more. Oh, well click see more see more butts, but if you're an audio listener, I said that weird because I was yawning. That's not how I talk. Yeah sure, buddy. Man, Emile, I got to tell you I'm in a great mood. Are you? Yeah. Nothing can stop me now except you accept my enemies, but Are you yeah nothing can stop me now except except my enemies, but they can't not even they can stop. I'm happy to hear it God could stop. Yeah the devil not so much the devil be tomzing me left and right and I'd be like not today devil That's good. I'm happy for you. Thank you. I mean look at I just this morning. I woke up 6 a.m. Yes eyes open and I was like man I'm so lucky. Wow. Truly. Like, to be able to do this for free.
Starting point is 00:04:54 Okay, well, maybe keep that. Oh, yeah, no, I would. I truly would. Like, to have a captive audience, having to listen to me, they don't have to. Dig around and do. They don't have to. Dic around. Dic around. Dic around.
Starting point is 00:05:06 Dic around. Dic around. It's just really special. Ever since I was a kid, the thing that I wanted to do more than trade stocks was be a broadcaster. And here you are, broadcasting. Yeah. Here we are.
Starting point is 00:05:18 So it's really a special thing. So a heartfelt thank you to each and every person watching and listening and to everyone who helps make this show happen Thank you. It is really amazing. It's the most fun thing in the world. Yes. It's truly I it's like It's so fucking fun and I love doing it because you know what I love to talk Hey, don't shut up. Yeah It's just fun. I get to dick around with my buddy here wait, can I tell you a quick story? I don't think I told you that's just I just remember it happened to me what I went insane um
Starting point is 00:05:56 I was at home depot I wanted to get cam straps from my roof rack cam straps from my roof rack Why'd you say that? I think I said it just the one time and track. Why do you say that to me? I think I said it just the one time. And going. So I'm walking down the aisles. Okay, and this will make sense later. But I got thank you to Warry Parker. They gave us some free stuff. And I for the first time got prescription sunglasses, which is great. Change my life. Game changer. But what happens is I forget to switch. I forget to put my regular glasses on and sometimes I end up going into storage with my sunglasses on.
Starting point is 00:06:30 Yeah, asshole move. I know, you look like a jerk, but I can't see without them so I'm walking around home depot with my sunglasses on and I can't see anything if I take them off. So it's already like, it's kind of dark in home depot. So I'm walking down the aisle and I'm looking at the Stuff on the rack and all of a sudden I hear like a dog bark and I see it it lunges at me
Starting point is 00:06:52 And then all the next day I know I can feel the like pinch on my leg and it scared the shit at me Because I didn't even know there's dog there and I said, oh, what the fuck it bit me and And the woman just calmly looks at me and goes, no, she didn't. And I said, what? Yeah, she did. It bit me. And I was like, look, I don't fucking care. I just, just like, I, all I need is like an apology of like, I'm sorry, that shouldn't
Starting point is 00:07:18 have happened to you. And she was like, all apologize for it, charging at you, but she didn't bite you. And I was like, this is psycho, come on, don't do this. I just, and she was like, show me the bite mark. And I looked down and I was like, I can't fucking see. And I was like, there might be a mark, but I was also like, it doesn't matter if there's a mark. Like, it was like a nip.
Starting point is 00:07:43 Yeah. I'm not worried about what happened to my leg. I just want you to be like, holy shit, that was fucked like, it doesn't matter if there's a mark. Like, it was like a nip. Yeah. I'm not worried about what happened to my leg. I just want you to be like, holy shit, that was fucked up, sorry. Yeah. So I was like, it doesn't even matter, but in my head I was like, I can't look, because I don't even know.
Starting point is 00:07:54 Yeah. And then her husband was there. Oh god. And I was like, and so I was huge. No, I was like, I could be both of you up. And we were in like the hammers aisle at the end. I was like, I gotta get out of here because I was so fuck, I was like screaming at them. But I was like, I was like, I could be both of you up. And we were in the hammers aisle at the end. I was like, I gotta get out of here because I was so fuck, I was screaming at them. But I was like, I was like, I was like,
Starting point is 00:08:09 Wait, you're so glasses on. Yeah. And I was like, I was like, come on, man, you won't even do the right thing. You won't just look at me and say, like, sorry, my dog bit you. And he was like, about to do it. And he looked at his wife.
Starting point is 00:08:20 And then he looked back at me and he was just like, just show us the bite, man. And I was like, my fucking god. And I was like, you're a fucking bitch. And then we just like, I started screaming at them. And then I was like, I gotta get out of here. And then I got to the car and I looked and they were fucking bite marks.
Starting point is 00:08:37 And I was like, God damn it, I couldn't fucking see in there. And they would have accused you of doing it yourself. I know if I could, I was like, you beat your own life. I was gonna go back and then I was like no they're never gonna I couldn't explain like I couldn't take my sunglasses off You wouldn't be able to see your own leg. I could see my leg, but it was like dark Home Depot is famously a very dark. Can we turn the fucking lights on? Not very well lit No, it's really well lit by the way
Starting point is 00:09:04 You just hit some glasses Not very well lit. No, it's really well lit by the way. You just hit some glasses on it. It's lit enough, but it's not. I'm not saying Home Depot is lit. I feel like a victim blaming. No, no, no, no, no. I'm on your side. What kind of dog was it?
Starting point is 00:09:17 It was like a little 20 pound mud. Okay, you've, oh well, that's a pretty, that's a decent sized dog. It was, even if it was like a five pound dog. Yeah. A pie, I think they were just terrified that they were gonna get sued. Yeah, and I was like,
Starting point is 00:09:28 You should have said that. Look, I'm not gonna sue you. I just want an apology. I don't even care. Like, yeah, I told like some friends and they were like, you should have called the cops and it was like, call the cops. And be like, yeah, that's not an emergency.
Starting point is 00:09:40 Yeah, a dog kind of nipped me. Yeah, our dog make, I need you to come make them apologize Our dog Meg one time. Sorry. We're already getting so off topic Meg is the family dog. She's a chalab husky mix and Child lab husky mix chalab husky mix a few years ago She started doing this worrisome thing, which was biting people in the ass. Like nipping them in the butt.
Starting point is 00:10:10 Your dog be on bed mode. Truly. At the time, she's gonna be 14 or 15 this month. I can't remember. She's an old girl. But when she was like seven or eight, it was the night before 4th of July. And I was trying to reserve a spot on the beach
Starting point is 00:10:26 in Long Beach, because people set up all their tents, and there was this older man there. He was like in his 60s, and he was just chilling in a chair reading the newspaper by himself. I struck up a conversation with him as I'm setting up the tent. I'm there with Meg, and then we're both getting ready to leave. The guy bends over to like fold up his chair and Meg bites him in the ass and he turns around and goes ah Your dog just bit me and I just I was I was thinking oh shit We're they're gonna make us put her down like we're gonna get sued and I just thought oh I'm just gonna like laugh it off and I went whoa. Hey, sorry about that. Oh you bleeding. Oh, you're not bleeding
Starting point is 00:11:04 And just like very cuz, because he wasn't, he was still just so shocked. I was just like, well, it was nice talking to you. Have a good night and I just got the fuck out of there. She has since bit like four other people in the butt. Yeah. Wow, Nate, my little brother where she lives, uh, bit the, his landlord and like the time Warner cable guy
Starting point is 00:11:26 installing cable. It's just a, is she the funny dog? Meg, don't do that. Meg, you're good. Hey, I wanted to shout out cat and... Nope, we're not doing it. I already did, I already did it, you can't stop me. Fine, those are the rules, if he gets it.
Starting point is 00:11:41 I was dropping some stuff off at Erica's place and I'm I hear these people these people drive by in a car and go Ben and point at me and keep on driving and then like two minutes later They pull around and they excitedly got out of the car and they were like we love the show And they were very very very sweet and very cool and We took pictures of each other Yeah, don't do that to me you shout at me from a car. I'm gonna ice you out man We had a great week and very cool. And we took pictures of each other. Yeah, don't do that to me. You showed it to me from a car.
Starting point is 00:12:06 I'm gonna ice you out, man. If he's got his sunglasses on, his game over. Anyway, be sure to, you guys, if you're not already subscribed to the channel, go ahead and smash that subscribe button. You got to, because we are over halfway to Funky Town by the time. Oh, my lips are, when, just as as a reminder we get to 50,000 subs
Starting point is 00:12:26 I'm smooching. I'm like Tom Brady's son watching watching the clock cat and I'm getting that massage and I'm like Aren't you forgetting something you called out a kiss? Yeah, and I'm gonna smooch this man But when we hit 50k a nude calendar. Can I tell you? Hmm. I'm gonna tell you dude. I don't know about that A nude calendar. Can I tell you? Hmm. I'm gonna tell you. Dude, I don't know about that. Because what if I like it?
Starting point is 00:12:47 Then you like it. And you get the kiss boys. Yeah, that's true. Anyway. What a treat for you. Wow, I found this new thing I like. That's true. That's very true.
Starting point is 00:12:55 At 100K. And I'll be that for you. Yeah. Yeah, yeah, yeah. You do got soft looking lip for my friend. Thanks, pal. You should see these things, folks. And then at 100K, we're doing anewed calendar. Yep. Yes, just my penis
Starting point is 00:13:11 What is just bottom bottom bottom? It's just my penis. That's everything else is covered. Jesus It's semi-newed. Oh, yeah, right. That's true. And I'm just I'm just sitting there next to you and I'm fully clothed And then hey, we got a new show Oh, right them and out on Monday. It's called eight ball special It's gonna be once a month with Cody and O'L. The first episode comes out Monday It's called TMG Everyone was getting stoked whenever we were on the TMG pod. Yeah. And we said, you know what? We got to give the people what they want.
Starting point is 00:13:47 Right. So we're doing a fun little monthly special. Yeah. And what? If you want the full thing, you got to be subscribed to the TMG Studio's tier. Because that's where all the bonus stuff will be. We're going to do about 60 minutes for YouTube. And then there will be the full 90 minute fun special on
Starting point is 00:14:06 Correct TMG Studios Studios tier. Yeah, so you got to go make sure you're signed up for the $10 studios Tears and that is a TMG studios dot TV while we're doing um oh Well nice mug. Oh, right. You guys great Trillionaire mindset mugs if you want some merch. I got T in mind. He's got some coffee and his. It'd be really funny if I just fucking smashed it and we broke him and got- You ever play that fucking game? No.
Starting point is 00:14:31 You cheer super hard whoever smashes there. I don't like breaking shit. Buddy, I love it. I live for it. Breaking things? No. I had the idea for those anger rooms. I know, you already told us on this show.
Starting point is 00:14:43 Yeah, I had that fucking idea. This is like that meme where you know, she's with the it's like the the younger woman helping the older woman. Oh yeah. Yeah, I know grandpa or grandma. Yeah. We both shouldn't have taken the same time. I know, because we're broadcast professionals, maybe. I do want to tell, we've already talked for too long. Yeah, okay, let's get into it. Shall we, we got earning, the earning season, the best season of all for the stock inclined.
Starting point is 00:15:17 At the top of the, the docket we hear, here we got the telodock. Telodock is an interesting one. It was one of the hit at home, stay at home stocks that just fucking relentlessly rallied. It was a Kathy Wood name. I mean, it makes sense in a pandemic, right? And then they, I remember they made an acquisition of some, I wanna say a diabetes.
Starting point is 00:15:41 What are you fucking with me? We literally talked about this last week. We did? Are you okay? Oh, that's right, because we talked about the, the, the good will. Do they make diabetes or do they help stop it? Fuck.
Starting point is 00:15:55 No, that was Dexcom. Dexcom is a different company. Are you sure? I'm pretty sure. I didn't mention the telodocid purchase. I'm almost positive, you did. Fuck. Well, Kathy Wood did say some crazy shit afterward and we can pull it up here. She basically said, she
Starting point is 00:16:11 calls Teladoc a 10-bagger, meaning if you ever hear the term, you know, two-bagger, five-bagger, you know what that means, right? I thought it was related to someone with what? No, 10 balls. No, it was actually really good. It wasn't. It was really good outside. Check out the bonus content if you want to. It means like 10x. So she's saying that Teladoc is a 10X stock in the same league as Amazon. And she said that she backed it up by stating
Starting point is 00:16:51 that one of Wall Street's most brilliant analysts is extremely bullish on it. That analyst works at her fund, joined the fund three and a half years ago from college and is 25 years old. Yeah, she reminds me of Trump kinda.. Yeah, a little bit of that. Like, just so whatever you're wrong, just like, well, a lot of brilliant people are saying it. I'm not going to say who? Yeah. Just trust me. She has been saying that these stocks that she just buys hand over fist, no matter what
Starting point is 00:17:19 the price are undervalued. And since she's been saying that the majority of her holdings have dropped 40, 50, 60, 70 percent, including her funds, arc funds have just plummeted. It's really interesting. The, the, is it denial or is it, I don't know what it is. Well, I mean, she's not really in a position where she can just be like, sorry, I fucked up. Yeah. But she kind of has to keep up the charade. It's sort of, but like at this point, I would try to salvage what remaining credibility I might have by saying, look, yeah, maybe we were a little early in a moment. Bill Acman just kind of owned up to the Netflix thing.
Starting point is 00:17:57 It was just like, immediate. Yeah, I fucked it. We lost 400 million a day, get over it. Yeah, man. What is with all these guys and having just white hair? Is it the stress? Like Bill Ackman, Jamie Dodd and their- Oh, he's quite old.
Starting point is 00:18:10 Bill Ackman? No, have you seen his complexion? He probably moisturizes. He probably uses collagen peptides. He probably gets tons of fucking Botox and shit too. Yeah, true. Would you ever get Botox? No way.
Starting point is 00:18:23 Yeah, me neither. I'm gonna age gracefully, it's gonna be sick. Yeah. It's gonna be sickox? No way. Yeah, me neither. I'm going to age gracefully. It's going to be sick. Yeah. It's going to be sick. I'm serious. Me too. I got super bummed out.
Starting point is 00:18:31 I was dating this girl and she was like, she was like, oh, you're getting gray. And I was like, no, fuck. And then we were out to dinner like a couple of weeks later. And there was this older guy with longer hair. And he was like, going much gray. Yeah. She was like, your hair is going to look like that. And it was so sick. I was like, fuck yeah.
Starting point is 00:18:47 Yeah, my friend Xavier has a lot of grays and he looks so good with it. Oh yeah, yeah. And I want to keep my body tight. It's gonna be insane. Yeah. High five, dude. Amazon, after last week, we didn't get to talk about it
Starting point is 00:19:00 because it was after we recorded, but it got fucking murked. It was down 15% because they lowered guidance. So it just speaks to that theme that I kind of been talking about where it's like, if all of this growth had been, can you, can you, can you, because I didn't do it on purpose. Emil keeps accidentally breaking his microphone stand and I keep having to pull the mic away to swallow because I don't want you good people to have to hear that gross Who swallows that loudly? Let me hear it. I can't even do it right now. You're like a scared character in a movie. Gulp
Starting point is 00:19:33 I do be gulping it is true You know what I do? I fucking choke all the time I'm constantly accidentally inhaling liquids in solids and I'm just coughing the rest of the day. It's terrible anyway accidentally inhaling liquids in solids, and I'm just coughing the rest of the day. It's terrible. Anyway, all of this growth has been pulled forward, so now where's the growth gonna come from? As they were saying in 2020 and 2021, oh, the reason the stocks are up is because five years of growth has been pulled forward
Starting point is 00:19:56 by all of these people staying at home and people who were otherwise skittish about using e-commerce are now trying Amazon for the first time. Right. Or, you know. And I mean, all those, so many retail businesses went out of, just went out of business. Yeah. And I mean, a lot of them are just going to become Amazon fulfillment centers. Sure, probably.
Starting point is 00:20:16 What's wild is Amazon, if you look at like a pie chart of their revenue breakdown, I think only like half of it comes from retail now. A lot of it is like Amazon Web Services and... Amazon Web Services is huge. And Prime is like $35 billion a year or something. Isn't the CEO now the guy who created... He was like the head of... Amazon Web Services?
Starting point is 00:20:36 Yeah. Which is wild because like 10 years ago it was making nothing. It wasn't even a thing. Yeah. And then just out of thin air they pull this... It's like what was the internet running on before if not Amazon web service Java dude Oracle
Starting point is 00:20:52 Warped Oracle Oracle owns Java. Yeah, and before that I think it was Sun Microsystems or something they did some and then Oracle bought Sun Do you remember that was one of the first companies my dad had stock in Sun, Sun Microsystems. SUNW was a single. Are you still holding? No, it got bought out by Oracle. Oh. What were you gonna ask?
Starting point is 00:21:12 Do you think Jeff coming on the show had any effect on the, no, dip. Yeah. If anything, I think it probably solidified people's belief in Amazon, the Amazon story. Yeah. And Jeff Bezos as a Titan of industry.
Starting point is 00:21:29 Yeah. Yeah. I mean, say what you want about him, but I will. The man's got some. I think he's a pompous asshole. No, I'm joking. You said, say what you want about. Well, yeah, continue.
Starting point is 00:21:39 I mean, he's got a vision for the future of humanity. I'll tell you, it's weird when you meet someone R.A. who, because you expect most people are just like, yeah, whatever. He's a fucking rich jerk off. But our friend works for Amazon and he's kind of high up. And he just, we were all kind of like, I know. No, we were all kind of like, come on.
Starting point is 00:22:01 It's and he was like, he's just fully bought into Amazon. Sure. He's like fully into like, he's going to change the world with space exploration, blah, blah, blah. Oh, wow. You're fucking straight up Amazon Pilled. Yeah. Well, he's probably got millions of others in stock up, right? Which has got to be so fucking sweet. Well, I forgot what I was going to say about the gross story there in Amazon Web Services, but either way. Oh, you know, here's what I was going to say about e-commerce. Did you know that only like 15% of retail comes from online? You just said...
Starting point is 00:22:37 No, no, no. I didn't say that figure. Oh, oh. That only like, you would think that think that like oh yeah e-commerce is fully right right realized it is very much not there are still so many people who have yet to like even try it I don't use it that do you like get yeah here and there when I need stuff I you know I'll order it off of Amazon or target sometimes target I think is like I've never ordered groceries, but all I see is this it's basically this like meme on Twitter where people are like when you're fucking Instacart, it sounds like they just get the wrong groceries constantly. Yeah, I'm like trust in Instacart person to buy me banana
Starting point is 00:23:16 horrible Yeah, banana selection also I kind of like going to the groceries. Yeah, same It's great the other day. I was there, I'm walking around. I see this, there was this woman, she was very attractive and I was like, wow, look at that. And then I go and I put some, I go to get something for my, for my cart and when I come back, the cart is gone and I was like, this is insane.
Starting point is 00:23:40 What the, I'm true, I walk around the entire trade of juice and I'm like, where the fuck did the cart go? Mm-hmm. I was so freaked out. She took it and then I noticed she's got my cart now. It's like oh this is perfect We're in a movie. Hey pardon me bitch. You took my card He said hey, excuse me. No, I went up to her and I was like I think that might be my cart And she like laughed for a second and then just like bolted. And I was like, ah, she was high. She was so high. Just so scared.
Starting point is 00:24:09 She was on an edible and was like, fuck. Twilio also reported yesterday. They had a beat in the stock. If you, okay, if you guys, if you zoom out on a chart of Twilio, it seriously went like this. So here's like COVID, it went like this and has completely completed the rainbow. It is like all the way back to where it was.
Starting point is 00:24:31 And that's what I think is still, I mean, that's just one of many that are probably doing the same thing. Yeah, let's look, yeah, look at that. Boom, full arc, we got a chart pulled up here. Full arc, 2020, all the way back. It's just, it's insane. Wow, look at that, March 2020.
Starting point is 00:24:49 Yeah, wow. Shopify reported this morning and got hit to Shopify's down to back down to like 400, um, Narlie. Uber, here's an interesting one. Uber said that they're close to finally becoming profitable, which to me is just like because it's been fucking over a decade, probably longer. And they haven't turned to profit. I'm pretty sure in their filings, they've disclosed that like we don't think we're ever gonna turn to profit because they just, yeah. But now they're, they say that they're getting there. So
Starting point is 00:25:22 Well, because I think the goal was always to squeeze out every other option to create a monopoly and then just be the only game in town. Yeah. And I don't think it's gonna work. They've got competitors. I think in New York, they've been forced to work with the taxi companies and everything. Oh, right.
Starting point is 00:25:42 I started using curb when I was in New York. I like it better. curb is, yeah, it's cool. Uber, you can't get an Uber these days, even with lift. Even in the heart of Los Angeles, I can't get a fucking lift. It's gotten better recently. Yeah. Mm-hmm.
Starting point is 00:25:54 And the amount of expensive is, remember there was that period where Uber's and lifts were like four times, five times expensive. Yeah. It doesn't seem to be like that anymore. Starbucks was one that reported better than expected revenues. Same store sales were up 7%, and the stock was up 9%. Okay, so I got a confession to make.
Starting point is 00:26:14 What's the confession? I love Starbucks. Do you really? Yeah. I love, their food is good. No, it's not. Their food is good. It's not.
Starting point is 00:26:23 The food is good. The spinach, feta, and egg white wrap is good. No, it's not. Their food is good. It's not. The food is good. The spinach, feta, and egg white wrap is delicious. The little bacon, the egg and cheese thing, delicious, the little impossible sandwich on the sourdough muffin, English muffin, delicious. I disagree. And here's how they get you. And I'm just a little slut for the Starbucks app. Oh, there you go. I'm a dirty little, I'm a, For audio listeners, listeners bend his heart.
Starting point is 00:26:50 Mm, I'm a dirty little baby for the Starbucks app. I see that little icon. I'm like, oh yeah, you know I'm clicking on that. And here's how they get me. And they fucking, You're on the app? Yes, I got the app because I had a gift card. My mom gave me for Hanukkah or something, 25 bucks. was like I'm not gonna carry around this card like a fucking moron
Starting point is 00:27:09 I'm gonna go digital So I went digital and I put the code in and it's now you're swiping right on impossible sausage I can Jesus Oh, you know it baby. It is so convenient. So here's the thing. It's it's like multifaceted here So you've got say $25 on the gift card. Okay. Oh, you wanna make a purchase? Okay, here you go, fuckface. You wanna use your gift card and funds? You little dipshit.
Starting point is 00:27:29 Why did I talk to you like that? Yes, they're just really mean. They kind of neg you and it keeps you wanting more. But they're like, okay, fucker. You wanna buy some? Here's your $2.50 coffee. It's, cause that's all I got. I just get a basic coffee, you know?
Starting point is 00:27:44 Let's black. It sounds like you also order one of every menu item. No, no, I only do that sometimes if I'm extra hungry or if I deserve a treat, which is daily, but sometimes, you know, you can't have that. It's too much sodium to have every day, it's a house.
Starting point is 00:27:56 But get the little coffee and when your funds dip down to like let's say a dollar, it'll automatically say, do you want to add funds to your Starbucks card? Do you want to reload it? And I'm like, oh, I already have a dollar remaining on the card. I'm not just going to leave it there. Dude, you were getting worked by Starbucks. So I reloaded the card.
Starting point is 00:28:18 25 bucks? Yeah. This isn't real money. I just double-click the sign on my phone, scans my face, and it goes, okay, it's just shithead. We just took 27. This is like a case study, and like... Oh, and I know it, and I don't even care. Some fucking kids in Harvard Business School figured out that like...
Starting point is 00:28:34 If you have them actually, rather than connect their credit card, if you have them load up money pre-made, they're much more likely to spend. Because if I have one or two dollars left on the gift card I am not going to Combine it with a credit card because I don't even know how that's gonna work. That's just too much Yeah, I you can't have your credit card and mix and card scissoring. No, no I can't have them mixing that's let's keep them segregate
Starting point is 00:29:04 so then That's let's keep them segregate. Okay. Yeah. Okay, sure. So then, so I'm much more inclined to just reload the card. And then what happens is two days later, I look at the card and I'm like, oh, there's 20 bucks on here. Free money. You're a sucker. I am a big time sucker. That's why I said I'm a slut for the Starbucks app.
Starting point is 00:29:21 I'm just a slut and I don't even care. And I go and the breeze to guy knows my name, his name is Chris, he's really sweet. Hi, man, hi, Chris, gives him my coffee and I get the fuck out of there. Drink local, bud. It is local, it's right down the street. It's the closest coffee shop to me.
Starting point is 00:29:39 Oh, surely there's one close enough. There is, although, so I got the little feta wrap. Is it good coffee? It's fine. Yeah, okay. It's not bad. You got the feta wrap. I don't know.
Starting point is 00:29:52 Cut a wrap. And I'm walking on the street. I mean, it's such a good mood. I'm chipper. There's construction going on on my street. So there's a line of cars there. And this is never happening to me before. The little, it's like a little burrito.
Starting point is 00:30:03 It just, I feel it just pop slide right out of the thing. And it just landed with an emphatic little thud on the cement. And I just stopped and I looked down at it. I looked up and I made eye contact with a woman in a car and I looked at it and I just went, well fuck. And I just, I'm not gonna bend over and pick it up. You should have taken it back and been like kind of a new one Have you ever been to aeroan? You know the fancy. Yeah, it's extremely good. Yeah
Starting point is 00:30:34 One time I was like I'm gonna splurge and I'm gonna get a big dinner at aeroan. Oh and I had two trays and I'm just kind of carrying it like this and I'm waiting for like another I think I got like a piece of cake and I'm waiting for it to come out and I just like, I could feel it slip and I wanted to go catch it and then and the top tray just like fucking face down splatters all over the ground and I was like, fuck I'm so sorry. And they all are coming out and I was like, and I tried to help and I, I had the other one in my hand so I only had one hand and I kind of shimmyed my hand under it and I could feel it Starting to slip out and I didn't want to drop it so I pushed it against the counter And then just I just slid and I was like I'm so sorry. I'm just made a bigger mess
Starting point is 00:31:16 But they gave me a new tray food you little cutie boy. It's okay Pat pat pat they gave me a new tray. It's great. Yeah. Well, I should have done that with Starbucks And I ended up going home and making oatmeal or something instead. But I swear to God that app is like, I'm sure that I contributed to their revenues being up. Just a little, I contributed a little bit. I'm sure you did, you know?
Starting point is 00:31:37 So they owe me. I'm sure that program is. Here's the thing, you get stars. I know, I forgot to mention. So you build every purchase you make. If you just pay with your credit card, you only get one star per dollar. Right.
Starting point is 00:31:53 But if you do it with the Starbucks gift card, if you load the gift card, you get two stars per dollar. And what does the stars get you? I get you a free coffee. I get you a free coffee or free food. Yeah. A food is like 200 stars. A coffee is 50 stars. I've gotten so much free shit from there.
Starting point is 00:32:06 Right. It all worked out. So that's where some kid from Harvard Business School was like, well, why wouldn't they just connect their card? What's the difference? And then he was like, Professor was like, you fucking idiot. You think you know everything. You were the stars?
Starting point is 00:32:20 We're gonna give them stars, you moron. Yeah. Get the fuck out of here. Use, that's a Stanford business school. People love stars. This is Harvard. You get enough stars and you get a free coffee. Yeah.
Starting point is 00:32:31 Sure they're spending way more than they ought to, but they're getting stars. Yeah. What is this Starbucks 101, this class? Starbucks app class? That's, everyone has to take Starbucks 101 at Harvard Business School. Yeah.
Starting point is 00:32:45 Baboo. Well, and then the other thing that kind of supports what I was saying is the Fang so bang for those of you who don't know if you ever see out there the word fang FAA ng You know what that stands for right fucking all Absolute nice guys fucking all absolute nice guys fucking all absolute nice guys that's exactly right of you know come on guess if you had to guess what fangs stands for yeah oh come on Facebook Amazon Apple Amazon, Apple, Netflix, Google. Although Netflix shouldn't be included anymore, it should be something like a video.
Starting point is 00:33:29 But anyway, their real revenue growth is down for the first time in 20 years. It was also the lowest nominal growth rate in over two decades. So that's interesting. That's what happens when you're growing, growing, growing. Eventually, you got a plateau, you got a... Eventually you got a stop.
Starting point is 00:33:46 So... Do you already can only last so long? Yeah, I don't know, look at me, Ben. I'm still going. Did you call me Ben? I said, man. Look at me, Ben. Look at me, Ben.
Starting point is 00:33:57 A meal? But look at me. Well, so you got to... I wonder now if these companies are going to get started... going to start getting valued as like like value companies instead of growth. How much more can you fucking grow, man? You've been growing for a year. Well, how long have they been labeled as growth companies for that long? Yeah, I mean, well, not...
Starting point is 00:34:17 Yeah, pretty much. That's pretty wild. Yeah, because you look at their revenue, they just keep fucking growing. Right, and with some of them, I think we talked about it on one, but like, it was like Facebook's worried because they lost users for the first time in two decades or what. Yeah. And it's like, yeah, but they still have a billion of them. Right. And, you know, at some point how many people are going to be like, yeah, I still want to join Facebook. If they, if you haven't joined by now, I don't think,
Starting point is 00:34:42 yeah, I don't think Facebook's for you. Well, you got sent in a island. You know sent in a island? It's the one, uh... Oh, is it the one where there's like, it's just tribal people? Yeah. And that one guy tried to go and they just...
Starting point is 00:34:54 Like, he fucking lit him up in eras. Yeah. That's what you're doing Facebook. I want a little island where like, it's like, no, don't come here. Yeah. Send a island, man, and I think People want to them to do something and be like there needs to be punishment for this and everyone's like no
Starting point is 00:35:11 What do you think yeah, they can do that. I really wonder what they must think of airplanes They probably have some kind of word for it or just like religious explanation. Yeah It's God just cruising by checking on us. It's God, just cruising by, checking on us. God, I love just the fucking... Tribe. Huberistic dude, like... I can go over there and make first contact with these. That'd be me.
Starting point is 00:35:37 It's gonna be good. That'd be me. And everyone's like, no, it's really dangerous. And he's like, trust me. I got, I'm pretty personable. Trust me. I have some Coca-Cola and Oreos. It's gonna blow their mind.
Starting point is 00:35:49 This is gonna go crazy. Yeah. My favorite meme on TikTok is like going back in time and showing a pilgrim like Netflix or something or giving a pilgrim sour skittles. Explain it to me, cause I don't know. It's just a sound clip that everybody uses of just going, someone going, AAH! AAH! AAH! It's just PO sound clip that everybody uses of just go someone going
Starting point is 00:36:11 It's just POV you're showing a pilgrim porn or something That helped pry fuck with their heads. Yeah, I guess yeah, okay. What else we got? We got the fed minutes. That was the big big big big big Massive news this week it happened yesterday for us two days ago for you. I got a lot to say on this. I dropped the, I screwed the pooch on this. I really dropped the ball. I should have made it up. But you still did okay.
Starting point is 00:36:40 I still did okay. Ben, I just fucking hate Jerome Powell. I just fucking hate him. Why? Why? Because he's done differently. He for the last- it's just been bullshit after bullshit just the last two years. He's been like, oh, we're not- first it was- I never rancid about this before. First of all, we're not gonna have any inflation. And then was oh well Whatever inflation we have is gonna be within our targets of like 2% and then when it started to hit that upper Threshold oh well whatever right outer but it's gonna be transitory transitory transitory Over and over and over he kept saying this and then it was
Starting point is 00:37:23 What the fuck was it after that? Then it was real, but it's only gonna be temporary. Yeah, and then now it's like, well now, so now we are gonna raise rates. And now we're gonna live with it and try to fix it. Yeah. So everybody this week knew that the Fed was going to raise rates. It was a question of how much?
Starting point is 00:37:43 Was it gonna be 25 basis points, 50 or worst case scenario, 75. And when I say basis points, I mean like 25 being 0.25%. Right. A quarter of a percentage point. Yeah. And they came out yesterday. And also the market had gone down significantly going up to this. So what does that tell you? People were kind of already pricing it in yet. Yeah, exactly. So yesterday they come out and they raised, they said they're going to raise by 50 basis points. So it's kind of like the market just literally went, hey, hey, hey, hey, whoa, and just what that, whoa! Is that because everything going fucking rocketing. Yeah, why would it rocket at that point though?
Starting point is 00:38:29 You have shorts covering. Right. And then you had the presser afterward, the press conference where people get to ask him questions and the big question that really sent stocks going was, or not the question, but the answer that Paul gave was, I don't see us raising by 75 basis points at all at any time. So that tells us that, okay, they are going to raise rates, but they're going to try to
Starting point is 00:38:56 go for a soft landing. He's being somewhat measured, which I applaud him for. Yeah, but I do worried, I do worry with these incremental, he might get more trigger happy. Yeah, that's and and there was a question someone asking this one drove me nuts is, do you think that the feds credibility has been damaged? And he said no. It's like, I mean, naturally he's, I guess, not gonna shoot himself in the foot and say, yes, but Dude, you guys are so not credible. Then you, you and remember when we had the Fed governors who retired and disgraced, right? See, I find all of that much more Troubling than any of this inflation stuff. I don't think that the inflation problems are
Starting point is 00:39:46 stuff. I don't think that the inflation problems are, I don't think the Fed is equipped to deal with these specific inflation problems. I've, like, said that a bunch. But I do think those corruption issues are way more troubling and way more harmful to their reputation and credibility. Yeah. And those guys just pieced out. They sold like at the top and now they're fucking gone. And good job, guys. Thank you so much. Thanks for playing everybody. I'm not a crook. Yeah. Yeah. But so just purely from a trading technical perspective, I noticed something over the weekend, which was that the S&P hadn't closed. So last week was a red week, and it was the fourth straight red week for the S&P, right? So I'm looking at the charts, and I'm
Starting point is 00:40:33 like, when was the last time we closed, five weeks straight in the red? It wasn't since 2011 that the S&P had closed five straight red weeks. So I'm thinking okay. Do you know what was going on at that point? Back in 2011. Yeah. I mean, we were still recovering from but was anything specific. Not that I remember. No, I'm sure the Fed was starting to raise rates from their lows back then too, but that to me kind of gave me a much clearer defined risk reward, especially with the Fed thing yesterday. And I just kind of fucking screwed the pooch, like I said, because I set a trade, it's called a, I had a plan and I had a straddle on the SPY, which is the, the, basically the stock for the S&P. And I bought the 415 strike calls and puts. So it's like, basically all I needed, I needed the spy to either skyrocket or fucking plummet and one would offset
Starting point is 00:41:43 the other position, right? Okay. And like I said, it went like this and in that, I sold both of these and I thought, oh hot diggity, but then it just fucking, it went all the way to like 427 or 428. I left like 20 grand on the table yesterday. If you just waited, if I had just followed my plan, because I knew that there was gonna be a big move either way because that's leading, like I said,
Starting point is 00:42:11 leading up to this, you had all these factors. You had four straight red weeks. So it stands to reason that this week is either gonna continue that trend or continue the trend of no more than four straight red weeks or it's gonna buck the trend, and this is gonna be the first time in 11 years that we have more than four straight down weeks.
Starting point is 00:42:32 So why not just wait once you make that plan? Kazama. Fucking idiot. Make the plan and then go, I'm not looking at you. The same thing happened in 2018. 2018, right when I quit my job, and I was trading full time, it was the market was at a key inflection point
Starting point is 00:42:49 and it was just hanging on what the Fed was gonna do. And I did the same thing. I put a straddle on and it went, it went started to go down so I sold the calls and then it fucking spiked in that day that day. I should have made like 120 grand and I was like walking into the gym and I was on the phone with my friend Tom and I was just yelling at him. Like just he was just listening to me and I was like the fucking Jerome power fuck cuz he opened his stupid fucking mouth and it ruined my day and then I you know I just was like stupid stupid
Starting point is 00:43:30 damn Jerome Powell's been fucking you up all while he has that's not the first time then there was another time in 2019 where it's same thing happened and and a 2019 and I was just fucking I just fucking made his face, he's got no lips He called my wife a bitch on Facebook once He did? Mm-hmm See? Fuck him
Starting point is 00:43:51 Not a good guy Double time, yeah And he's always got his glasses hanging over on the tip of his nose That's just old guy shit, we can't hold that against him No, that's cocky son of a bitch shit You know the old guy looking at their phone? Yeah Yeah They do be having their font really huge.
Starting point is 00:44:07 Oh, I gotta start doing that though. It seems really smart. Why? I turned mine a little smaller. Really? Just good. I got nothing to hide. Yeah, I just want young kids to be like,
Starting point is 00:44:17 damn, look how small this font is. No, I just, I can read it and I like when there's more on the screen. Yeah, it is pleasing to the eye. Uh, so they did say they were quoting, quoted as saying nothing in the economy suggests that we are close to a recession, but it's also how do you even take anything that they say seriously right now? Because of, I think that their credibility is in the shitter because now, you know, but yesterday
Starting point is 00:44:45 I mean there were so many good things you could have bought you could have bought Google calls Amazon Shopify. They all fucking bounced I mean I Had much rather you know the Biden administration have some sort of Hand in this do, take action. Yeah, give us a fucking gas tax holiday. Do something. You know, use that excess taxes thing we were talking about to do anything. And it's just, they just keep going, well, the federal, the federal work it out.
Starting point is 00:45:21 We've given the Fed too much power and control over the stock market. It's like, it's just become this thing now. We've just been on this collision course with them and now they're just, we're attached at the hip. Everyone is kind of attached at the hip. And that was kind of the point when we were talking about retirement. You know, it's this, we, they're, oh shit, I can't remember who it was. It was in, he used the work at the
Starting point is 00:45:45 SEC. And he was talking about how, you know, the job of the SEC has no, it's no longer to properly regulate the market and make sure it's a fair market. It's, it's, it's like, it's political. It's, you know, status quo. You don't want to leave the president with a, a worse market, a down market. So your policies are reflective of that, not what's going to be fair for Americans, traders, everybody. True. Right. Yeah.
Starting point is 00:46:14 So it's this political thing where you're like, sure, this is the right thing to do, but we would take the fucking market. Right. And everyone is attached to the hip to it. Everyone is so wrapped up in it. All the boomers who are retiring or retired. Right. I mean, you would fuck a lot of people if you yeah. And then you would be the the pariah. Right. Yeah. That'd be no fun. She got to get some young blood in there. Get me in there. I'll shape things up. No way. You would fall to the pressure
Starting point is 00:46:42 too. You're not going to fucking tank it. Means. No, I to the pressure too. You're not gonna fucking tank it means now. I'm like a diamond You're just out there with a rump old suit every day like look it's not But we think it's the right thing to do Have you seen my suit? It's so repulsive you would be you would just get fired and and disgraced so quickly Yeah, no no president would stand for it. That's true Actually, I'd like to retract my statement. I'm, I wouldn't be like a diamond. I would be like coal because under the pressure, I would turn into a diamond.
Starting point is 00:47:14 Just ignore it. Come on, just think of it. I know what you said. It makes you sometimes you sound like a drunk guy. I'm like a diamond. Cause under the pressure. No, no, I'm like cold. Yeah, no, no, no, no, I'm like cold. Yeah, yeah, no, I think you could do it.
Starting point is 00:47:32 Yeah, you could take over for Gary Gensler. Gary G. Hey, Gary, you're out. I'm in. I sit in the seat. This thing's warm, gross. Me and the boys are gonna thank the economy. Uh, I am also a dumbass because I, I have these two stocks that I really like and I hope
Starting point is 00:47:50 Glenn is okay with me saying this because I can never remember what I can and can't say. I'm pretty sure I just can't talk about prices and I can't talk about well, we can always just glencer it if we have. Yeah, again, but they're these two tickers that I really like, cause, and I teased this before, we got time. I teased this before, but I wanna share something that I did a year ago for how I found these two stocks in particular. The ticker symbols are TWI and GTLS.
Starting point is 00:48:19 TWI does like farm and agriculture, equipment, tires, and heavy machinery and stuff, tighten international. They just reported earnings like this week. Their revenues for the first quarter, $550 million. Their best quarter in over nine years. Okay. Guess what the company's valued at? A billion dollars.
Starting point is 00:48:41 Damn. So half of the company's value can revenue and their cash flow positive and the stock just broke Nine I think nine or ten year highs. I just fucking I feel like Glenn's gonna make you censor this I don't I don't know well if he does he does but then the other one GTLS. It's chart chart International chart industries. Yeah chart industries. Oh, I get all my charts from them. It's a really interesting one Not only is the CEO. I've listened to a couple of Oh, Jillian, Vanco Jillian, Jill Ivanko very very very smart knowledgeable CEO and this company does so much shit With like carbon capture. They're like a clean energy place. So I also it feels good, but they're
Starting point is 00:49:22 They just reported a another blowout quarter, but how I found these was a little over a year ago. I'm sitting I'm sitting and I'm looking at a chart for solar edge I think it was which is a solar play that went over the last like five years It went from like $15 a share to like $300 a share. And I went all the way back to when it was at 15 and I was like, what the fuck could you have gleaned from quarterly reports back then that would have given any indication
Starting point is 00:49:53 that they had all this huge growth ahead of them. Right? This is all solar edge. This is all just solar edge. Yeah, there's that fight. So I went all the way back to when it first had its first breakout. All the way back in like it first had its first breakout, all the way back in like 20, go even further. It was, no, even, it was like 2015, I think, somewhere around there.
Starting point is 00:50:16 In the first paragraph of whatever quarterly report I looked at, a key phrase stood out to me, which was the term record growth. And I was like, Oh, that makes sense. Record growth. Cause yeah, naturally that's why the stock started to break out. I mean, I could be, but can, can I just look at the timeline here? Is it not, uh, one of those 2020 rallies just like everybody else? I mean, it did have a 2020 rally, but I mean, even leading up to that, it went up like 10 fold. True. Um, but either way, record growth, right? Record demand. So what I did was I spent three days, I went on to the SEC website,
Starting point is 00:50:56 where you can scour the filings of every single publicly traded company. There's thousands of them. It's like 10,000 or something. And I went in and I searched for the phrase record growth. And I applied the parameters to just the last six months, so the last, like, basically the previous two quarters. And it gave me hundreds of companies that had said the phrase record growth. And then I also searched for ones that said record demand and a few other variations on basically just like we are hitting like blue sky territory. And it was very interesting because you would find companies that I just I would look at the context in
Starting point is 00:51:38 the filing for why they were saying that and what it was, you know, was it just a fluke, was it just what was it. Then Ike, was it just, what was it? Then I would look at like their balance sheet, then I would look at their market cap, then I would look at their chart, and I narrowed it down to like 20 different stocks, including and especially, T-W-I-G-T-L-S. There was another one, TTI, which I ended up doing really well too.
Starting point is 00:52:02 There were a few that didn't, but I wanna do that again. I wanna see what companies have been saying the last two quarters that they are still, like TWI, still. I mean, in their latest press release, they're talking about record quarter, record growth. So I feel like it's an interesting way
Starting point is 00:52:20 to find companies that are on the up and up and maybe under the radar. I think you're gonna have a lot of people doing that now. It's good. Let's all pull our resources. Let's all pull our resources. I need to do it again. It's just so cool.
Starting point is 00:52:33 Send us if you got any record growths for us. Dude, it is so time consuming. I'm not kidding. I was on my computer for three days, just like pouring out. Yeah, but now we could have a bunch of people doing it for us. It's true. Epe together.
Starting point is 00:52:44 Epe together strong. Well, I am gonna be starting a chat of people doing it for us. It's true. Ape together. If together strong. Well, I am going to be starting a chat room soon that I would like to do. And I would like to get it would be cool to coordinate with people where like, all right, you take pages one through five, you take pages six through 10, so on and so forth. But it just, it was interesting because it gave, it made me feel like I had a viable edge. Oh, wait, that's what the chat is for? I thought it was like a weird online sex thing. I was like, when you were like, do you want to do that one?
Starting point is 00:53:08 Well, there's that one. Okay, but that's separate. Because when you asked me to join, I was like, I don't want to, no, well, of course. I mean, it's not for everybody, but it's fine. It's fine. Anyway, so I sold some of the TWA and GTLS because I want to get back in at a lower price
Starting point is 00:53:23 because if the market is still going to drop, like I've said for the last two weeks I think it will I Want to buy some of those at a discount Crypto corner I'm sorry man. I got to apologize. Why I feel like I'm talking. Hey, don't worry about it pal Oh, don't worry about it. It's a big week for you. You got the earnings, you got the FOMC drone, pal was kicking your ass. I'm going to sleep like a baby bitch this weekend because of this show.
Starting point is 00:53:53 No, just because it's been a long week. Okay. Yeah. And that's crypto corner. Thanks, everybody. No, we got a, this is from the Wall Street Journal. It's actually pretty interesting because there's a lot of pushback from the NFT community, but the Wall Street Journal did a big story. NFT sales are flat lining. And they're looking at the number of total sales,
Starting point is 00:54:21 not the dollar amount. I think that's kind of important and you'll see why in a second. So they say the sale of non-fundable tokens or NFTs fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website, non-fundable. The number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November. Interesting.
Starting point is 00:54:49 So, this is all from the data website, non-fundable. And so, they're just talking about, and they talk about the guy who bought the first tweet, Estavi. He's great. He has no regrets. He says, I will never regret buying it because this NFT is my capital. More power to you, pal. Jesus.
Starting point is 00:55:06 But the NFT guys on Twitter have been like, oh, these people are so stupid. And they're saying there's another, there's another data website. But the fucked up thing is they didn't link to it. They put some screenshots up. And in their screenshot, they're going based off dollar amounts. So I think the Wall Street Journal is going off of total sales. A amount of sales, not a amount of dollars in sales. And so they're talking about, and so apparently the amount of dollars in sales is still quite high,
Starting point is 00:55:35 and maybe even higher. I wonder if it's because it's all been consolidated into the top NFT projects. That's exactly what I think it is. And I think it's now just become a more exclusive space where rich people are putting money in and it's just very centralized into these things. I think a lot of average, oh, here we go, yeah, oh, do analytics. So they say do analytics data is the way... And look, he even says, did no one buy their check primary resources? Also, why not dollar amount volume? Yeah, dollar volume.
Starting point is 00:56:10 But I still think, you know, both are relevant. Right, say to points. And right, and I think that is the full story. They are still selling a lot in dollar amount, but that is a very different market. When you, when the amount of sellers dropped 92%. Yeah. That's crazy.
Starting point is 00:56:28 I mean, I'm one of those data points. I joined the NFT craze and I bought two and they fucking tanked immediately and I was like, okay, cool, I'm out. I'm not doing this anymore. Right. I don't understand it. There's too many projects going on at once for me to,
Starting point is 00:56:41 I don't have the time or the wherewithal to sift through all this shit right and I think we'll see more Information come out, but I think it has become What everyone said it wasn't gonna become a centralized thing where it's just fucking rich people trading yeah high value Because I saw that the board apioclub floor price is that it hit an all-time high. Oh did it really yeah got club floor price is that it hit an all time high. This did it really. Yeah. So yes, exactly.
Starting point is 00:57:06 So the fucking prices of those are probably way up, but they're like the amount of average Joe NFT dudes, it's like they've probably been burned enough. They've probably been rug pulled enough. Yeah, like, and who's to say that all the, I mean, this is totally conspiratorial on my part, or not even conspiratorial gossipy. Who's to say that all these board ape yacht club holders
Starting point is 00:57:29 aren't in a discord collectively saying, hey, let's all just raise the price, like on our, because that's what the floor is. It's just all the people who hold it saying, I'm not gonna sell it for any less than X amount. It doesn't mean that it's worth that. It's only worth what someone's gonna pay for it. And even then, I mean, I still don't understand.
Starting point is 00:57:48 Right, and you really won't find out until you put it on the market. Like Mr. Astavi found out that his $42 million NFT was actually worth about $240 on the open market. But didn't it end up selling for more than that? I think it was like 14. No, I don't think he actually sold it. I think someone put it in a bid for 14 grand.
Starting point is 00:58:04 Gotcha. Which is, buddy, you're gonna wanna take that. You're gonna wanna take that bid. Yeah. Did you see that Elon trolled the, man, that piece is really good. Yeah, no, I'll fix it. It's okay. It's just leave it off.
Starting point is 00:58:18 No, cause they'd mine off too, out of solid there. Okay, yes. Wait, shit, do we have the tweet? Have you seen the tweet going around of the people being like, you can actually put on three sodas, so like sodasplirts at the same time? Sodasplirts, what are you talking about?
Starting point is 00:58:33 Luke, do you know what I'm talking about? You talking about mutant naps? Yeah. You can like give them more than one serum at a time. Yeah, I'm gonna, I'm gonna, I'm gonna, I'm gonna soda splurge. I'm gonna put it in the slack real quick Everyone's everyone's dunking on this tweet and it's um well while you're doing that Elon Musk
Starting point is 00:58:53 scored points with me and I'm sure he did it on purpose. I'm sure it was calculated to win over the people who are Uh, who roll their eyes at NFTs because there are a lot of us. Elon Musk tweeted, he changed his profile picture temporarily to, you saw that, a montage of all the, or like, what do you call that? Not a montage. A mosaic. Mosaic. Thank you of all the board apes. And he said, I don't know, seems pretty fungible to me. That's pretty funny He really has become trump anytime he does or says anything. It's it's a snooze
Starting point is 00:59:30 It's yeah, it really is and Gary V had a response, but wait let's let's yeah, yeah So we have the three so everyone's dying because he's so serious and he's like a lot of y'all still don't get it a Polars can A pollers can use multiple Slurp juices on a single ape. So if you have one astro ape and three Slurp juices, you can create three new, three new apes. Tonight Slurp Juice Mint event is essentially a minting event for both lab monkeys and special forces. And then you've got a Slurp Juice doubt ape here. And everyone's, everyone's like retweeting it like you just
Starting point is 01:00:03 don't get it you can use three Slurp juices on one eight if you have one eight and look at that one Gets them juice to an ape Instead of they did surgery on a grape we love that oh You just don't get it do you just don't get it you can give This is what your parents here when you try to explain me your games God I Don't understand what that one anyway. I know it is now cuz I could go let people talk people DMed me that
Starting point is 01:00:41 They said you touch grass too much Does that mean you go outside too much? Yeah. That's very funny. Um, so I was like, what the fuck? I thought they were saying like I smoked pot or something. Yeah. Well, we do smoke pot.
Starting point is 01:00:55 We love pot. So Gary Vee in response to the Elon Musk troll tweet was on some morning news. Sure. All right. I think it was on CNBC to provide commentary on Elon Musk. And you know, to give Gary V. Credit, he wasn't his normal, super animated self. He looked a little defeated probably because if I had to guess,
Starting point is 01:01:15 he's fucking exhausted from talking about this shit. All the time. Yeah, but I think he looked, I think he sounds stupid in this clip. I kind of understand what he says, but let's, let's hear a disc part. Not great, but it. Just this morning, Elon Musk has changed his Twitter profile picture to a montage of board ape, board ape's NFT images. I love it.
Starting point is 01:01:42 And then he tweeted, seems kind of fungible. I don't know. Seems kind of fungible to me Fungible. Yeah It's not a big believer in it. He's very v-minchet founder and creator of V friends Because stupid fucking face V friends all right. Sorry That to me looks like he's saying yeah, you may own one of these apes, but they're out there and I can easily just put it up on my profile picture. So why pay for something like that?
Starting point is 01:02:13 Is that what he's saying, Gary? How do you view what Elon Musk's point is here? He's got his V friends hat. I'm not sure. I think Elon's got his, you know, finger on the pulse and obviously board vapes, one of the great projects in the NFT space. I mean, I can take a picture in front of a Lamborghini outside. Doesn't mean that I own it. Can you pause it for a while? I can take a picture outside of a building.
Starting point is 01:02:33 But the whole thing... That's a fucking bad argument. Yeah, because they're pictures. Right. They're pictures. Motherfucker, you just get a receipt that says you own the fucking thing, but everyone else can still enjoy it in the same way. I don't get to take a picture of a Lamborghini and then drive it the fuck around.
Starting point is 01:02:46 Yeah, exactly. Stop with this shit. Yeah, and you just... Everyone tries to do this. Like, rich people have always loved collecting things. You guys don't get it. Rich people collect watches. Yes, it's a thing that fucking does something and it's like made out of gold and fucking not this one.
Starting point is 01:02:58 This one's $35, but it tells me the fucking time. Yeah. It does stuff. Well, the picture got... Picture got colors. I guess. Think about that? I just hate the fucking time. It does stuff. Well, the picture got colors. I guess. Think about that? I just hate that fucking argument.
Starting point is 01:03:09 It doesn't work. Well, you know what? I'm gonna play Devil's Advocate here. You know what you can do? You can go to a cool party. You're pretty good about that. Yeah, but just the worst dude. No, they're cool guys.
Starting point is 01:03:19 They're smart. Sweaty guys. No, they're not sweaty. They smell good. And just the strokes like, you know, middling their way. The strokes are tight. They are, but they don sweaty, they smell good. And just the strokes, like, you know, middling their way. The strokes are tight. They are, but they don't wanna be there.
Starting point is 01:03:29 They're taking a paycheck and they're like, no. Listen, listen, I don't think you understand. If you combine three Slurpjuices. Yeah. If you go to this party with Slurpjuices, you're gonna be, you're gonna get so laid, dude. Julian Kosoppankus is like,
Starting point is 01:03:45 this one's for all my Slurp Jesus boy. Yeah, and I'm gonna be like, he's talking about me. And I show you on my phone. Yeah, can you do that? Also, I wish I pulled it, but there's a, it turns out this guy like has a weird race, sism history thing. Really?
Starting point is 01:04:02 Yeah. No. What? No, what? No way yeah Katie Nautopoulos had a story on it. She's a she's a Buzzfeed writer. She's great. She's still a Buzzfeed Yeah, damn she's she's a really good tech reporter. I know it So yeah, let's let's hear what more Gary V has to say man and say I own it Most people are bringing their internet brain to the blockchain. So they say silly things like that.
Starting point is 01:04:27 The blockchain is a ledger that shows ownership. What other brain did you bring? This is what always happens when there's technology changes. So I meant pathetic to the point of view. But just by a bit of clicking or putting a picture doesn't mean you own it just like in real life. Right. Right.
Starting point is 01:04:42 Right. like right right look he goes on to say that it's he likenes it to the first the the dot com bubble right where you had companies sporting sky high valuations on on on future growth that had yet to be proven had yet to even hit balance sheets had yet to or income statements had yet to actually happen. And he says, you know, it wouldn't take another 15, 20 years before we started to see who the winners were and how they would actually make money from the internet. Because it's true back then, nobody really knew how are you going to make money from the internet. And so, so I do think that there's something to that like, hey, yeah, I'm not going to act like
Starting point is 01:05:25 I know the utility of NFTs in 10 years. It is amusing though. I mean, that would also insinuate though that the value of these things are going to drop just like the dot com happened. I mean, Amazon lost 90% of its value after the bubble burst. Sure, but... Picture of monkey not gonna be worth? I'm not saying it's not, and I'm not thinking... Monkey picture is some kind of use, but do that.
Starting point is 01:05:53 Amazon may have lost its value, but there was something there, right? Yeah, there were some books on lines, and books on lines, and it's like... He was very smart. I think the reason he picked books was he realized they had the there was the most amount of skew numbers or something. That's exactly what he did. And so whatever it. There was nothing to point to with that. Do the show me the utility you're going to that I'm going to see in a couple of years. A monkey picture gets you other things.
Starting point is 01:06:22 Three. Listen, you find monkey picture. You come to my, you come to me on my daughter's three-slurped juices. You come to me, oh my daughter's three-slurped juices. Try to sell me a monkey picture, but it's a screenshot of a monkey picture. You don't even own it.
Starting point is 01:06:43 All right, we're going to go into after hours. And we're gonna have a blast. We're gonna take off our shirts. We're gonna practice for Funky Town. Ooh, wait, Funky Town. Is that the song today? Us kissing.
Starting point is 01:07:02 Oh, yeah, yeah, yeah, yeah, yeah. So if you guys wanna see Funky Town tryouts, yeah, you can get in there. Yeah, we're going to be talking about, let's see, what are we going to be talking about? We got good news. We're going to be talking about Lena Khan and the FTC and all the fun stuff she's doing.
Starting point is 01:07:18 I know it's so fucking so riveting. We're going to be talking political. We're going to be getting political with it because we like politics right and it continues to suck shit in the greatest country in the world it's not the greatest country in the world Ben's got some freaking tiktok's he's because everyone's everyone loved these tiktoks this arranged man likes and I got the best, I have the best TikTok algorithm. It's nice because I don't have to go on there.
Starting point is 01:07:47 I hate that fucking app, but you show me these absolute psycho shit. Yeah. There's a lot of, there's some treasured things on there. When I, again this morning when I was feeling joy about how lucky I am, I was going through TikTok and I took such pleasure in sending, oh here's a funny one, I know exactly who I'm gonna send this to, right in the app. I'm gonna send it to my friend, Gugs. I'm gonna send it to Kendall.
Starting point is 01:08:09 I'm gonna send this one to John. I'm gonna send this one to Adam. All right, we'll talk about all that in after hours. Yeah, I gotta take a P.P. Like and subscribe, I was commenting nice things. Check out the merch if you want some sweet mugs or anything else, shirts, whatever. And don't forget to check out fucking eight ball on Monday.
Starting point is 01:08:27 Yeah, also you're gonna wanna go ahead and quit your job, shoot your pants, kill your parents, but not in that order. What is it, kill your parents, quit your job, shoot your pants. I could do whatever order we want. Yeah, whatever's on the t-shirt.
Starting point is 01:08:39 Yeah, what is it on the t-shirt? That's canon, whatever's on the t-shirt. Yeah, that is canon. Yeah, okay, I was gonna make a stupid joke. Anywho, do one after hours. Okay. I love you. I love you too.
Starting point is 01:08:53 Bye. Bye.

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