The Trillionaire Mindset - 7: Stanford Showdown

Episode Date: November 15, 2021

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My godfather is Chuck Schumer. My aunt is Nazi Pelosi. My cousin is Monica Lewinsky, Domegame Crazy. She's got that three stooge's Domegame. Yuck, yuck, yuck, yuck. Okay, let's get into crypto corner. We have to get started here.

Did you hear about the mayor of New York City? I got some crypto corner up so quick like a quick Like no, let me say it let me say it Well, sirs are just getting hammered this morning. Every day they're filming me. I'm gonna be in the water. Promise. Let's go. I know I keep doing that. Do you know where that's from? Nope. It's from TikTok

Dude, you know what time I've had stuck in my head for truly a week. What is a vibe? I haven't heard that one I literally played it for you last week before the show really how did it go? It's a vibe. It's the fucking Will Smith song. Oh, yeah, yeah Well, I don't listen to Willow Smith. But I believe it for you. Yeah, well, I remember a lot of things. Because I got a lot of brain worms. Yeah, you do. I spend, I didn't want to download TikTok

and I finally did months ago, but I didn't use it. And then I finally, over the last like couple weeks, I've been using it. I fully understand the addiction that people have. Oh, it's like flipping channel. Oh man. And the fact that everybody has like an HD camera, everything looks good.

And the algorithm sure knows how to show you the real freaks out there. Yeah, I find I get way more attracted to stuff I hate than that I like. So like mine just, it's just me going, fuck this person, I fucking hate this. What are these people doing that you hate? It's just so annoying. There's this, I'm not gonna trash any good job

about everyone, I don't wanna trash anyone. Good job everyone, take a look. Yeah, this is what episode seven? Wait, but you're a TikTok blue guy now, aren't you? I, no, Twitter blue. Twitter blue. I downloaded, I signed up for Twitter blue, yeah. Twitter blue just came out and it's three whole dollars a month.

And it's pretty killer. I like it so far. Why? Because I actually haven't got, I'm able to change it from blue to icon. Yeah, you can change it from whatever color you want to whatever color you want. You're paying to change the icon.

$3. Yeah. It's worth $3. I changed mine to purple and the icon. $3. Yeah. It's worth $3. That's not. I changed mine to purple. And the scheme is purple too. But you can edit tweets. You can make 10 minute videos. You can edit them after you send them. It's kind of a it's a weird workaround. It's like you post the tweet and then it shows it like pending. And there's a little like a little

clock bar thing that it's like when you send it email on Gmail. Yeah Yeah, you sure about this. Do you really want to call your boss? Bag of balls. I don't know if that's worth $3 either. I don't know if any it's worth three bucks It's cool. Sometimes I'm too quick. You just delete the tweet and re-send it. Yeah, but that's that's a fool's errand Why because you're not getting a premium? Can you change the icon when you do that? Who can change this a purple? The only thing I thought was a good idea was the Why? Because you're not getting a premium, can you change the icon when you do that? Okay. You change it to purple? The only thing I thought was a good idea was the,

that I thought was worth it was that they said the, the subscription thing. The media subscriptions. Yeah, to the publications. It's a great idea. But it's not. Do you know what it, okay, well what I thought it was was,

I thought all those publications were now gonna not be pay-walled, but they're still paywalled. They are? Yeah, it doesn't help you get past any paywall. All it does is give you ad free articles. Oh, that sucks. Yeah, I might have to consider.

That's the only, I was like, oh shit, you get to read all these things. Like three bucks a month is pretty good. Yeah, I wish they would let me do a piecemeal. I don't want to go through the paywall, just give me this at the let me read this article, I'll pay one dollar. So I will pay one whole dollar. Yeah, that's a fair price. How many articles are you reading? I don't know, 20 and 20 years time. Leave it, leave us a comment. Oh yeah, we check the disclaimer in the description box where we get started. You're definitely going definitely gonna wanna read that disclaimer because we don't know what we're talking about, but we do, but also don't sue us, but you can.

Follow us on TikTok at Trillion AirPod, we're gonna start posting there more often. I'm gonna try to, we are going to try to start doing a daily thing. Oh yeah, we got some fun things planned. We're not gonna be one of those creators, you hate when you scroll by. No, we're not gonna be one of the ones.

We might be. There's no, absolutely despises. Yeah, but what she's like. What's going on here? Hey, can you guys be quiet? We have, what is this guy? No way. What is this?

I feel like you're raw. We were gonna have. What the fuck are you kidding me? Okay. And he didn't even know her. And he bust, he fucking just busted it, dude. He would do it. That is fucking insane, dude. All rights the dinner dude. Dude, wow. That is fucking insane.

Dude, dude. All right, well I'm here right now. Give me a eight ball, some cat. What do you, do you want anything? He's got fint, too, if you like that. If you fuck with that shit. All right, probably not. They don't seem like they want anything.

All right, dad, okay, love you, bye. That was your dad. Well, if it is it? Two of the stinkiest is Squirmy Don't touch the worms I've ever seen Hello, it's me William. I called you. Oh, will you that's I know we were gonna have a special guest today But I didn't think it would be you well the thing is with the Stanford man We're not all at the code of contact contact means you can't rescind an invitation

somewhere. So the school sent me here to sort of see how the sausage is made. Stanford sent you. Stanford sent me here and I got to admit, uh, between the Guinea and the Jiu, the sausage stinks. You know what I mean? You need some Protestant sausage up in this building. I thought they were, I thought they were breeding gentleman up in Stanford. You're quite the... They are! You got quite the power mouth on you. What's your name, buddy? Ben. Like the clock? Yeah. Like the clock.

Ben? Like the clock? What's your name? I'm a meal. That's a guy. Hey, thanks, pal. Come on, William. Take it easy. Oh, you're the guy who sent the the threatening voicemail It wasn't threatened listen you worms you keep all the work. Yeah, because you're coming at us Stanford's been doing this for years It's been seven episodes and you're coming at us. It's a little joke. We're having fun. Yeah, but you're here now I'm taking this too far. Keep in mind. You're a guest Yeah, but you're here now taking this too far keep in mind. You're a guest

You are okay, oh not so yeah, you again, you invited me like a vampire. I'm here I have to cut I have to be invited to come in okay My name is William Stan my William praise home and I go to Stanford University 2007 dash 2000 question mark question I started there in 2007. Yeah, in there 14 years. Well, usually I think it's a two year program. Yeah, usually two to four. Yeah, but I'm just rocking up credits, do you? Oh, okay, you're getting the Super MBA.

20 credits a semester, 14 years? That's five, 60, we're looking at one K. We're gonna go all the way to the top of the pop. So I basically know everything there is to know about business. I got it in and out and I'm not happy to be here, but I'm here. Okay. What do you want to give us a quick primer on what you know about business? So gross, gross refers to the total amount of quantity before deductibles or expenses and also Ben okay, I'm gross. Yeah, okay that works What else do we got

Supply in demand more like a meals demand of my dreams wow, okay, where's this coming from? I'm gonna supplies me with the nightmares Man is it the mustache bull market? Uh-huh more like I can't believe this guys body you guys saw this Okay, unbelievable and I can't bear the sight of your face GME stocks more like G I M M E E M I L give me a real okay What else is there? Oh, just around it all out.

I wish Emil and I would have some SEC. You know what I'm saying? And we could make some, yeah, we would have. Yeah, it makes some gross domestic product. Together we could make some gross domestic product. And as for pink sheet stocks, I have some pink sheets after he sh**t baby. Yeah, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no I cannot share my knowledge Williams centuries of knowledge William

First not that kind of show. This is insane. Well, we're glad you're here. Thank you for having me Do you have anything else? Well, I don't know. I just you know, I'm for it So you said you had to read some notes from Stanford Stanford wanted you to say that I'm pretty conjunctual with me. We worked together on it. I gave it a pass I give you a bunch of pass for sure I'm having a heart. I'm taking off my mic cuz it I'm getting out Pretty good. Pretty good. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on.

Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on.

Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on.

Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. Come on, come on. So you want to what do you want to get we got a show to do here? Yeah, we have a whole show sure for sure Stanford secrets not telling you those yet We'll hold on to that said your last name was pre-song. Oh, pre-song PRISOM Pre-song that's an interesting name. Yeah. Well, basically it's sort of a family name Um, I work with my father. Uh-huh. I don't work for him. There's a difference. Okay, don't come in here thinking I'm a stan Stanford guy. I got all these connections on all that sort of stuff. I don't work for him. There's a difference, okay? Don't come in here thinking, I'm a Stanford guy.

I got all these connections on all that sort of stuff. I don't. Okay, so what does the Prisone family do? Do you know private prisons? Yeah. Yeah. Oh God. Oh, do you guys do private prisons?

Oh, your last name is Prisone. Oh yeah. But it's Prisone. Oh, Prisone. Oh, it's Prisone. It's Prisone. What is wrong with you guys? Stand for prison private prison.

Are you okay? I'm in a new echelon where I'm very excited about this because I'm taking private prisons and I'm pivoting to tech. You're pivoting, like some kind of minority report situation where you're gonna like, wait, like the prisoners are gonna make a microchip. What would you like about tech?

It's light, right? It's your portable. There's light, right? It's affordable. There's a world of imagination at your fingertips. And it's got, now it's even got an nostalgic factor. Mm. You know? Is it kind of like a, you're gonna be like reporting stuff on citizen

and getting people to know? I was imagining that he's gonna be having prisoners making microchip, oh, with the supply chain. My children. He is talking tech. You get pivoting prisoners. We're taking private prisons and the product is gonna be tech.

They're making tech, tech, world of imagination at your fingertips. Cell phones, I think. Yeah, so, no, not cell phones. A-air. Tch. Oh my gosh, it's going on. Oh.

You guys are dirty little lib cards. You know about the freaking techs. The little skateboard tarp. Do you know about the freaking tax? The little skateboard's tech. Tech, tech, tech? Yeah, we're making the prisoners are gonna make tech tax. Jesus, William. A little bit of a long walk.

How was that? A little bit of a long walk. Little bit of a long walk. We got a non-fungible token at our school. His name's long walk. I'm just gonna, you know, remember when you were in middle school and the teacher would be teaching class. Yeah. And then all of a sudden the principal would come in

and he'd be like, I'm just gonna be a fly on the wall. Don't worry about me. And then he sits in the back of the class and you have a totally normal class after that. No, that sucked. Well, that's what we're gonna do today. I'm just gonna be the little principal. Oh, I won't even be here.

I just wanna see how the sausage is made. How you two little worms crawled out of your little holes and made this little shot. Uh, okay. I'm okay with that. All right, good enough. I think you'll just sit here. You'll just sit here.

I'll sit here, I'll be quiet. Because I think we've learned everything that we need to know. Yeah. Why does a Protestant church have that? I think our listeners would appreciate that too. Yeah boy. Oh boy My godfather is Chuck Schumer with my aunt is Nazi Pelosi my cousin is Monica Lewinsky dome game crazy She's got that three stooge's dome game

Okay, let's get into crypto corner. We have to get started here. Did you hear about the mayor of New York City? I got something from crypto corner. It's like a quick. No, let me say it. Let me say it. What just happened? You need a private key to use Bitcoin? I wish I had a private key to his bedroom.

You wouldn't know why, so I could unplug his carbon monoxide detector. William, back up! I hate him! Back up! Oh, okay, fuck. That was a great joke. So he could come into my room to unplug my private my my carbon monoxide The worst part is everyone who's watching

Put that away The worst part is what what is the worst part that he wrote these down on his little notes? Yes, yes it is. Okay, let's compose ourselves. Eric Adams, the mayor elective New York city is going to take his first few pay-tacks in big coin. We got a video of it. It's pretty, uh, it's something.

Yeah, he clearly knows what he's talking about oh yeah you can tell in the video he knows exactly what he's doing this is not going to be a mistake i have to ask you about a tweet that you sent out this week that you're going to take your first three paychecks in bit coin would you encourage businesses in new york city to accept bitcoin or other cryptocurrency are we gonna look at it and we're going to try carefully we're going to get it right businesses in New York City to accept Bitcoin or other cryptocurrency?

We're going to look at it and we're going to tread carefully. We're going to get it right. But there's something else that I wanted to send a signal. This city was the Empire State. We made empires. Now we are destroying empires every day. This is the center of innovation, self-driving cars, drone development, cyber security, life sciences.

And so when I talked about blockchain and big coins, young people on the street stopped and asked me, what is that? What is it about? Can you explain in 30 seconds what it is for people who don't know? Can you tell viewers who aren't really sure what Bitcoin is? Even experts will have a challenge doing that.

It is a crypto currency. It's a new way of paying for goods and services throughout the entire globe. Politician pandering just nonsense. Yeah, not that I disagree with what he's saying, but he clearly doesn't know anything about. Oh, every time someone asks me something, I don't know, I'm just gonna laugh and go,

ahaha, you know, the experts would have trouble explaining that one. I like how he says that young people come up to him on the street and ask him what's Bitcoin. Yeah. Like, A, they know who he is and B, why would he be the experts? Excuse me, sir, you know what Bitcoin is?

The blonde look. No. Didn't she? Bung up. She looked like she had a... Bung up. Bung up. Did he sound like Louis Armstrong too She looked like she had a... Bang up. Bang up. Did he sound like Louis Armstrong too though?

He's got a nice voice. Okay. Sure. It's kind of a recipe like that. It's kind of... We're gonna bleep everything Williams. We have to bleep it. Matt Damon did a crypto ad for crypto.com.

Yeah, it's just crazy how much... It's crazy how much they're trying to get people in on this. We've been talking about them making it more mainstream and getting more regular people to buy in and then see what happens, pump it up as much as we can. It's getting 60 second commercial that they aired. And there's play the whole thing. It's play some of it. History is filled with almost. With those who almost adventured, who almost achieved, but ultimately, for them it proved

to be too much. Failure of an explorer. The ones who embrace the moment, they've got and immersed, climbing Everest. And in these moments of truth, the right brothers, these men and women, inventing flight, these mere mortals, to people kissing like you and me,

as they peer over the edge. Astronauts going to the moon, they calm their minds And steal their nerves and the name is Satoshi on the astronauts thing was a really simple words that have been whispered by the Intrepid since the time of the Romans Fortune favors the brave fortune favors the brave What's funny is to me about this is I never and I'm pretty plugged in with all the crypto nerds on Twitter and whatnot, nobody ever, ever mentions crypto.com. Nobody cares about it, I don't know what it does,

because I don't care to check it out. I just like that you have, Matt Damon basically calling you a pussy if you don't buy crypto. Yeah, well, I mean, that's what a lot of the crypto bros do, right? Is there like, you just got to stack sets, stack satoshis, and just buy dollar cost average no matter what price.

And I mean, they're the ones laughing all the way to the bank, because they were right, they won, and I feel stupid, because I could have been, you know, multi-millionaire, many times over at this point, but with what you sold? No, not even, not even really, but like if I had paid attention

when I famously, when I first read about Bitcoin I was like, yeah, this is stupid. What do you think? Will he? Do you like Bitcoin? Just try to try to keep it cracked your head open. It would look like a smooth pink peanut That's why you don't make any money because you have no wrinkles on your brain. That's probably true He said you were gonna be quiet. Yeah, he just asked me I got invited again. Finn Pirate. I He's right. He is right The Asian chick looked hot in the in the thing the astronaut in the thing we were watching. Yes, so Toshi Stop it stop it be nice. What else do we got?

We had the Infrastructure Bill. Oh, I know I People in jazz is very happy about this one road that's getting a lot of funding. You know what? Don't do it. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, which is just before we get there, this is a big deal. There's a lot back up. We'll let you know when we want you to talk. There's a lot here. There's, and, you know, we've actually talked about it on the show. It was initially coupled with the, you know, build back better plan.

They progressive Democrats tried to say they wouldn't pass one without the other. Using it as leverage. That is dead. That leverage is dead now. Do we do not know what will happen with Build Back Better Plan? And so, you know, some people are touting this as a huge victory, monumental, historical.

Yeah, I can hear them crinkling the fucking stuff too. We're just gonna use our hearts. He's opening a cliff bar. Let's just let him eat it. It'll be something to put in his mouth. But it's dry. They are. they're very dry you want some water you have water oh you're gonna spit it in the cup you

know okay your water's empty cheese the wheeze okay go on he's spitted what's up there's you know they're gonna be fixing you know, they're gonna be fixing, you know, roads and bridges, expanding broadband access, there's climate stuff in here. Because a lot of the country doesn't have broadband, which is wild, because with all the stuff that they post on Facebook, you would think that the people in Middle America have like T3 connections.

You remember T3 connections? That was like cable internet before there was cable internet. You know, I don't know I'm talking about these. It sounds familiar, but it was like. That was like cable internet before there was cable internet. You know, I'm talking about the sounds familiar, but it was like stupid stuff. He's a little older than me. Yeah, I am. The build back better thing is different from the infrastructure plan. I thought I was all the same thing. Two different bills. Everyone, they wanted to be one bill. They wouldn't get it. And then they tried to say we're going to we have to pass both of them at the same time if you want I mean it was a mess though the buildback better started at like 10 trillion They got it down to six and then they initially were like okay three and a half trillion is the compromise not moving on that Now it's down to like 1.75 and that was when they had leverage now

I don't know if it'll ever pass or but it is it is all communism right and so I don't know if it'll ever pass or... But it is all communism. Right. And so, they're separate bills, but they both have climate policies in them. And so like, you know... Charging infrastructure, things like that. Yeah. But it's odd. I actually think Bill back better goes much for it. Like they said with, you know, the infrastructure bill,

it's only going to amount to like a 1% decrease in carbon emissions or something like that. And a fart in the wind. But coupled with build back better, it'll make a much larger dent. Depending on how pessimistic you are, none of it's gonna make a dent. Well, I'll probably burn, but you could take consolation

in the fact that we'll probably all kill each other before climate changes a fucking problem. And that- Marjorie Taylor Greene famously thinks that switching to EVs is a bad idea because it somehow gives China power over us. Right. It's because she thinks that all the batteries

are produced in China, even though that's not true. I don't, we had a link to it, but I don't know where it is. China's doing smarter things than us though. Like our economy, since we shipped out all manufacturing in the 80s and the 70s, whenever, which you would love because it does better for Daddy's margins and his portfolio. Shareholder value. But eventually it comes to bite us back in the butt, and that's what's happening now, right? Because like our economy is based on attention and shopping and entertain. Like, that's it. Don't forget speculation. And it's back in rampant speculation. Whereas

like China's now, they've played the long game. They're like, okay, outsource all your manufacturing to us on the cheap. Now who holds all the cards? Yeah, it seems like the narrative used to be that like the only problem was that we shipped out all these jobs. And so now there's, a you know all the good manufacturing jobs are gone. They've been shipped out to China, Mexico, wherever there's cheap labor. Tap you in. I don't know if we want to do that with talking about China and Mexico right now. Yeah, you say some wild.

Yeah, you say some really. Should we just be just please. But are you gonna be good? Like please be good. Please be good. Like he's just he's not in. Yes. Tap tap turn it down You're it like okay. I bought a used pair of Marjorie Taylor greens Lulu lemons on eBay for

Perfect woman should be twice as strong as a man and have a face that looks like a Halloween mask of a regular face have a face that looks like a Halloween mask of a regular face. Let me see what you're packing down there. Let me see. All right, you're tapped out, man. Okay, we're tapping it back out. You'll be back in a minute. Well, I like this. I like this.

We've now figured out a structure here where he sits in silence. It'd be good. I know you can't. That was horrible. You said, oh, dirty Lulu. This is what you get when you subscribe to the soot, the Stanford Business School podcast. We're no great.

We're no great. We're no great Back up. Okay, you're tapped out. Yeah, okay, just sleep rest. Is there a cold word we can use? Don't You already spit a piece in my water. Okay, okay, Rivi and IPO this week It opened in a hundred and eight what guys throw us in the kit. Did we have any? No, we had nothing else on China. China's, you know, China's China. Marjorie Taylor Green is chaos.

You're throwing this whole thing off the rails. You know that. That's okay, this is entertaining. Don't, don't, yeah, put it on the ground. No, oh God, okay, spit. You spitting is Jesus. I don't know. He's spitting his Jesus. I don't know. He's better now.

He gets the sugar through his gums. We'll tap him in water. Oh, and he has water. Yeah, actually has water. He doesn't need mine. Oh, okay. Rivian, IPO this week, $108. It opened up like 30 something 40% higher than that.

What did it open up? It opened at a hundred and eight. But the IPO price was price at like 75 share. But because the demand was so high, you know, everybody bit it up to a hundred and eight. It hit a high of 120. I think today as of this taping, it's like a 110, but it was sporting a hundred and six billion dollar evaluation on Almost no revenues like a million dollars worth of revenues. Oh, yeah Well, and this is so I think it was the CEO of GM. She's talking about I Think her point was that there

Sorry, William show me something on his phone. He's trying to get us to break. It's not going to work. But so the CEO of GM was talking about how these electrical companies are overvalued. No, he was saying that they... No, no, no, no, right. She was throwing me all kinds of stuff. Yeah.

She was saying that these high valuations of electric vehicle companies, because it's not just Rivian, I think Lucid is valued extremely high too. Tesla is famously a true $1 company. Which we've been talking about for weeks now, but she's saying this means that GM... I can't get it on your valued.

He's, I'm close get it undervalued. I'm close to peeing my pants. You're driving me crazy, no. This is chaos. Don't stop. I don't wanna look. I don't want, no, I can't. So yeah, she thinks that it means that GM is undervalued

to which I would retort. Hey, maybe that means that Rivian is overvalued. You ever think of that? You would stop and think of that? They are admitting that they're gonna have trouble getting the shipments out that they've already committed to. Yeah. No, Rivian. Oh, yeah.

Rivian is like, right, they've pushed it back for, I think it's quality control issues. So a $106 billion company because Amazon ordered a hundred thousand vans Right, but also I think people are like oh this could be the next Tesla. Yeah, this is the future Meanwhile All of these other car like traditional car companies are making the move away from the internal combustion engine Yeah, two electric vehicles personally. I love that internal combustion

Feel it start up my my Volvo that just leaked out all the oil. Did it leak out all the way? All of my oil leaked out. And I had to take it back to the guy in Glendale, who you're gonna take me to after this, to get my car back. One of you seals, yeah. Yeah, you know what, won't leak oil?

You're electric vehicle. Yeah, it'll leak water, or the battery will catch fire. That was a big problem Tesla had. Oh yeah, they're getting locked in there. I think it's still happening. Those guys got locked in there, Tesla. And the fucking things set on fire. Wow, I think they died.

Scary, spooky scary stuff. I don't know if we want to tap you in. This is nothing to do with any. It's not gonna be like misogynistic. No, vaguely racist. No, okay. I was just gonna say, two, one word and four numbers.

Is that okay? One word. Okay, let's try to guess how what this could be that's bad. No, Bitcoin 69 420. I was just gonna say Trump 2024. No Why not just back off the bill started the coronavirus Yale started the coronavirus Yale started the coronavirus. Yeah, what are you guys doing? Jan 6th? You want to hang I can't I'm pretty sick. I'm busy. Yeah, I'm busy, too

I'm pretty sick. I'm busy. Yeah, I'm busy too. I got some stuff on. All right, let's tap him back up. We're tapping you back up. We'd love to have you back on him. Maybe we could talk about some of these things at some point. It sounds like you're an interesting guy. You got a lot. Yeah, that's definitely going on. Also, his opinions are obviously not ours. What's it? Whatever. I barely didn't believe this stuff. I broke most of it. I'm a proxy. Okay. You know, of it. I'm a proxy.

Okay. You know, so Rivian IPO yesterday, while the market was looking a little shaky. Right, but they still fucking killed it. They did. And there was Jim Kramer speculated that it was money coming out of other names, other speculative names, and going into Rivian.

Jim Kramer. Yeah, Jim Kramer. I see the sunglasses there. I don't know if I'm ready to tap that guy in yet. Is he messing with me? No, no, not at all. Because before I did, I wanted to talk about how the market is a little, some people are starting to think

that it's looking a little shaky. And one of the things, one of the tail tail signs is looking at stocks, the riskier growth names, and I have some charts pulled up. And for the Spotify listeners, don't worry, you're not missing much. These are just stocks that have gone up, like just unrelentingly, but recently had some pretty big pullbacks, sell-offs, like people were selling stocks. Tesla was one big time. I mean, well, that isn't part because of Elon's tweet,

but like, what else did I have in here? Trade desk was a big one. It had a huge rally on earnings, and then the other day it dropped like over 10%. Did you have like a new video too? In video was one that we can see that here in a set. AMD, well, there's Nvidia. Nvidia dropped from an all time high of 320 down to below 290, which is what, over 30 points. That's huge.

AMD dropped as well. These are like the, they're like not speculative, but they're definitely growth stocks where there's a lot of, it's called risk on, it's a risk on environment where people are putting on risk, risk meaning money. Like they're just buying these things at any firm as another one that went from, you know, this is just a three month chart, but it went from 70 bucks to 180 over the last three months. And then over the last few days, it dropped 40 points. I know I see him in my peripheral. It's so hard to believe what you're saying. It really, I know, I understand. But like, so when you're near a kind of top in the market, you look at some of the evidence, some of the evidence for risk now coming off

is some of these growth stocks starting to see some selling pressure, because before, the dips get bought relentlessly. But when you start to see selling coming into these more speculative names, that's when you want to kind of be cautious. And Jim Kramer even said so on his show the other day, not like he's, you know, Mr. He knows what he's talking about. Because who knows? Nobody knows. But he sometimes what he says can hold weight. And he said that, you know, you might want to start

thinking about selling some stocks to free up cash, one in it for, winning if the market pulls back, you got some ammunition ready to go buy it. So. And you can start playing with that. What? I want a meal to. Okay. I want him to.

We're gonna cut. I don't know how much of this is gonna make it into the final. We're gonna be left with. It's nice. It's gonna be, it's gonna be cut. It's gonna be cut. It's gonna be 15 minutes worth're gonna be left with... It's nice! It's gonna be... It's gonna be hot. 15 minutes worth of stuff we could use. It's nice stuff.

It's complimentary stuff. I think we just have different views about... About what's nice? So many things. I like to keep certain things between 320 and 290. You know what? Don't say like women or something. It was women, wasn't it?

Tesla dropped. Tesla dropped. Dropped $199 billion dollars in value this week, which was $140 per share. $199 billion in valuation, which is how much they were worth entirely just a few years ago. So like they, it's crazy, it's too much. It's chaos. People think that, you know, it was because of Elon Musk, but I will say the Uncle Rule that I mentioned last week continues to hold true. My Uncle, top ticked.

But there's a lot going on here. No, that's not in a new window. A top tick is... Listen last episode, I like the Uncle Ruad. A tick, a tick is for those who don't know, a tick is, you know, a movement and price. You tick up, tick down, tipped up. And if you top tick something, that's the very top tick

and then boom, and he kind of top ticked it. And yeah, so there was a quick lesson in gaps on charts. If we want to pull up the Tesla chart real fast. A gap is just where the price opens at a significantly higher or significantly lower point than the previous day. So like that big gap from a month ago, and Spotify listeners, it's just a chart of Tesla going up.

And like a month ago, there was this big's just a chart of Tesla going up. And like a month ago, there was this big. But can you explain how that gap happens? There's just a surge of buying and there's so much buying that people don't even want to wait till the market opens because you can bid for, you can trade stocks before and after regular hours. The before hours are 4 a.m. It technically the entire market hours are 4 a.m. Eastern to 8 p.m. Eastern with the actual like the normal trading hours

9.30 a.m. Eastern to 4 p.m. Eastern And yeah, people were bidding up Tesla before the market even opened to the point where when it did actually opened before the market even opened to the point where when it did actually open, open, the price was significantly higher, but that creates what's called a gap. It's a gap in the chart. Like there's a space and a lot of charts, it's people who like purely believe in this stuff, think that eventually, am I boring you? Look at you.

No, I keep getting nervous about it. You keep getting nervous about it. Will you mean? Yeah. Yeah. The long and short of it is the gap might fill. So like, I got some gap. No.

No. I did that. I accidentally did that. That's my fault. Elon Musk more like a meal, Musk. Fill your gap. Show me. Show me.

Show me it. Show me that big ol' honky talk you got down there. Oh, I give it And pick her up Pattle out that's how I would be nice weekend in power out the weapons happens He loves you He loves you take your glasses Stanford didn't send you here. There's a solo mission Really I saw you guys talking smack I'm assuming you look at me here. Stanford didn't send you here. There's a solo mission. Really?

I saw you guys talking smack. And I fell in love. I fell in love with you. Do you go to Stanford? Yeah, I've been going there for 14 years. All right, it's just, I've never heard someone call it Stanford. You wanna hear some Stanford secrets? Can we finish this in the next game?

Every Tuesday the rugby team beats the shit out of me. Let me pull up my list. No, can we finish this? Can we finish this? Yeah, we're gonna, we're gonna, we're gonna, we're gonna go in sculpture garden. It's that that's 20 statues in it and it does because I know because that's where they beat the shit out of me. Okay, can we get back?

That was, I'm've got a traumatic experience. It sounds like a lot. 14 years. They've been eating the shit out of you? I wonder why. And after all this time, you never thought, hey, maybe I reflect a little bit and try to understand why I'm getting my ass kicked.

I'm not a victim blamers. Yeah, I don't want a victim blamers. Stay for guys, we don't even have thoughts inside of our heads or anything like that. Not to victim blamers. Yeah, I don't want to victim blamers. Stanford guys, we don't even have thoughts inside of our heads or anything like that. It's mostly just like existing and that money. I'm starting to empathize with the rugby team a little bit, I think. You'd be perfect fit.

You'd be at perfect fit. So, okay, we'll unpack all that. Yeah, we'll get to that. I want you to unpack something else. No, just back on tap them out again. Elon it's sleep That's a lawyer He's not he invented private prison. Oh, that's right. We'll all work up the Presence is the private prison system is basically the hospitality industry, but just a little bit less hospitable Is that what is that your guy's tagline?

Okay. Yep. Hey, does life give you too many choices? Come into a private prison. That, you're encouraging people to get locked up? Yeah, it's like, it's like hungry hungry hippos. I got a couple as many people up as I can. And also banging a big old booty hippo.

Big old booty hippo to get it going all right back up Okay, take a break. Oh Margie Taylor greens the girl of my dreams. All right, so I Don't even know where we are anymore. We're Okay, yeah. There's a lot going on. And also, me and Ben said after the last episode, we're not, we're not, no matter what happens, we're not going to talk about Elon Musk. Yeah. But this guy's killing us. We can't not.

He's killing us. He tweeted last week, should I, should I sell every one of my own? I'm sure everyone's seen it. Much has made lately, this is his tweet. Much has made lately of unrealized gains being a means of tax avoidance. So I propose selling 10% of my Tesla stock. Do you support this? And 57.9% of Twitter users voted yes.

And he replied to that saying that he would follow the results. He would adhere to the results of that poll no matter what the result was. Which is just such a joke because everybody then comes to find out that he owed, he's gonna owe taxes anyway on the stock options that he received from like August 2012. Right. He was awarded, he's awarded stock, in the way stock options work in this regard is kind

of similar to the way that the ones you and I can trade is as part of his compensation package, he's given the opportunity to buy Tesla stock at a significantly lower price. In this case, like $6 million. I think it was like $6.24 or something. Yeah, split it down. It's got to be split adjusted. And now he can sell them for $1,200 bucks a share. But the form, it's called a form four when you sell your stock.

You got to file it and it came out this week that he's already dumped what? Over a million over a million a Million shares. Yeah, yeah, yeah, but so but Those are those are gonna expire in August of next year, and so if he doesn't exercise them If he doesn't buy the stock and then sell it they expire, so he has to I mean he doesn't have to but if he wants to make because He stands if he was to sell them all he he'd make what $28 billion something like that. And the way it gets taxed, it gets taxed as income, I guess, because of the, because, yeah. Yeah.

So he's got to pay upwards of 40% federally and then 13% California. Yeah. So it's like 54%. Yeah. Poor guy. But he's looking at a $15, $15 billion tax bill. Yeah. So he's got to sell some stock,

but it was just funny that that poll came out right when his brother Kimball, like kind of top ticked Tesla as well, sold $100 million worth of his own stock. He's musk boys, man. Did you ever see the story about him during the pandemic? Because you know how he owns those restaurants? Kimball?

Yeah. No. Oh, he owns restaurants.. Kimball? Yeah. No. Oh, he owns restaurants. How about it? And they have this. I'm going to get it wrong. I wish I had a video. Who cares?

Yeah. I really wish I could drink my water by the way, but I can't because there's chewed up pieces of cliff bar in it from William over here. Go on, Emil. Emil finished his thought. But so Kimball owns these restaurants and basically, he, you know, he does the thing, we're all family and they started this like fund called like the family fund, I think, and you could basically put in a little bit

of your paycheck every month. And they're saying like if you end up, if you're a worker at the restaurant and if you end up on hard times, you can access the fund. Huh. And then during the pandemic, I guess they fired everyone and everyone was like, well, can we at least access the fun? They were like, now you guys aren't employees anymore and the funds for employees?

Get the hell out of here. I'll have to find it. That's like, I'm not even putting that out because I... Elon Musk's, yeah, we got an article here. Oh, perfect. Elon Musk's billionaire brother told his workers they were family until COVID-19 hit. Kimmel Musk, next door restaurant chain, cut off access to an emergency phone

right before putting about 100 employees at work. And he looks, by the way, he looks like if Elon Musk gave himself plastic surgery to look more like Elon Musk. Right? He does. Or he looks like a, I don't know, a face app filter done on Elon Musk. And the cowboy, and he wears cowboy hats he loves

but the craziest thing is you're all like you hear so many of these stories about these restaurants closing and like a you know a lot of restaurants are small small businesses steeds a fucking billionaire yeah can how about as employees yeah next door employees on March 16th were told that it would temporarily shut down operations for two weeks managers would have to take pay cuts. What happens next was pretty shady said Reggie Moore, the former head chef in the enapolis next door. What a dumb name for a restaurant door. We don't have to read the whole thing. I just it's an interesting story talking about this Kimber creep. So speaking of a lot of my- Couple of tool jewels.

Michael Burry, the- I wanna burry my face in a meal's butt. I'm actually getting kinda sweet now. Yeah, I wouldn't mind if you turned up the charm and brought it down to PG-13 or something. I wouldn't mind. Yeah, can we lower it? Yeah.

Are there a knob on the back there? No, I don't know. I'll try. Yeah. I can for sure try. Sit and think about it. No, I'll give a shot. Okay.

We're gonna talk about Michael Burry. I, you know who Michael Burry is? Don't make a joke. Ugh. Michael Burry is what I did when I killed that freshman kid. No, he saw it burn him. That's not bad. You just saw me doing something and then, what, you know,

two for one, six feet under. All right, we're gonna have, how's that for some numbers? It was that for some numbers. All right, we're gonna have to move on because he's not. Michael Burry is who Christian Bale played famously in the big short.

He's the guy, he's one of the guys who saw the housing market bubble and shorted it. But, I mean, it took him like three years to be right. And until he was, he got, he was down like, you know, 40% at one point. But he has been a very outspoken critic of Tesla and just the whole market in general. And after, after what's his name,

Elon Musk tweeted this stuff, this crap, Michael Burry took to Twitter himself. He made his new background on Twitter some to- Michael Burry did? Yeah, how would you know? You're not even allowed to look at it. Well, yeah, he has me blocked. He blocked me on Twitter because I made fun of him. Because while the market was just making all-time highs, he was tweeting like, this is, everybody's

actually wrong and I'm right. And I tweeted him and I was like, so when are you just gonna say like, hey, I'm actually wrong. And then the next thing, something like that, I was just being, you know. I wanted so loose with the block button. Yeah, I don't know.

I, I, you know, have heard of me instead. Have you heard that new, it's like a water company that's like free? No, it looks, it's black. And it's like, it's called black water. And I quote free. No, it looks, it's black and it's like, it's called black water. And I- I quote with Kardashians anyway.

I don't even know, but- The water itself is like dyed black? Yeah, it's, and but it's called black water, which is like the famous private military company that like- Murdered people in Iraq. What does that have to do with Twitter? Well, so I retweeted one of their tweets about black water

and I said, some Steve is like, why did this company name their water after the private mercenary company that slotted Iraqis when they blocked me? Some people don't like it when you speak truth to them. It was just a dumb joke. Like I tweeted at AOC. No, I said, what? So I would go down on you for a 45 hours. And then I blocked you. I got kicked off Twitter. I'm sorry that that happened.

Well, I think you'll be thriving on truth soon. Don't, we're not gonna go there. We don't know what truth is. It's something, I don't know. But Michael Berry changed his background on Twitter to the famous Dutch tulip chart because like there was that, you know, the tulip bulb mania back

in the 17th century. They basically became like currency. Yeah, and it's like, it's the go to model of what permabairs who are people who are permanently bearish who think everything is a bubble all the time, refer to when they point out bubbles in hysteria. They refer to the tulip mania where everybody was like buying tulip bulbs. You can't compare anything to the 1700s but either way Michael Burry went to a bad art show in Brooklyn and girl had taken a bunch of dollars and painted tulips onto them. Wow that's so artsy, that's so deep. Yes pretty. Michael Burry thinks that Tesla

is grossly overvalued and I don't disagree with him. And he is currently short. I believe as of like June, his public filings that are available for anyone to view, he short Tesla via put options and he short put options in Cathy Woods ETFs. Cathy Woods, we've talked briefly about who Cathy would. The Arc Lady. Yeah, Cathy Wood is a fund we've talked briefly about who Kathy would. The Arculating. Yeah, Kathy Wood is a fund manager who has been around a long time, but she only rose to fame and prominence over the last few years because partly because she's been a really big outspoken Tesla bull.

She's like, when it was a $200 billion company, she was saying, oh, this is like a $3 trillion company, actually. And she would go on like TV and say, Tesla should be worth $7,000 a share. Just crazy stuff that makes people pissed off and go, what the hell are you talking about, lady? Right. But she would say, like, oh, if they do everything right in like the battery tech, if they do everything right

in robotaxies and all that stuff, driving, you were just, you're just, you're just checked out. It feels like over here. It's like when you're just looking down like this. I got a big short. Period.

Cathy. But it's, oh, oh no. Yeah, it was a dick joke. A Kathy in February of last year really took it to the next level because she had maxed out the funds. I think the fund was only, I don't know, for whatever reason. The fund was only able to buy 10% worth of their money in Tesla stock and she thought that it was about to absolutely rally.

So she bought options, call options of her own money and made 6,000% on it. I think she made like $400 million. Just recently, like February of last year, when Tesla had its first huge short squeeze. Fun fact. Could you give me a short squeeze? So fun fact, do you know why her fund is called ARC?

ARK? Because she's Noah and she's going to be saving us all. Kind of. She's very religious, which was something that I didn't know. And the reason that the fund is called ARC is because it's a wink and a nod to Noah's arc. But she's got multiple funds. There's ARKK, which is the one that Michael Burry is short, because it's

like their flagship fund that holds a ton of Tesla and holds a ton of, you know, Roku and all sorts of more speculative growth stocks. There's like ARC, Q, there's ARC, F, there's all sorts of different ones. But this is my impression of Scooby Doo seeing a meal's penis. Roku. And now one was just off the dome too. You don't have that one. No, Stanford didn't feed me that one. Although I do have a little earpiece in that they've been telling me stuff to say. Go ahead, continue.

It's sued by Stanford. No, Williams being here. And if they do bring it on, they brought me here. They told me to come here. Another story keeps changing. It's almost done. I want to say one last thing about Michael Burry, because he and his cohorts and his followers and people who really think that he's God basically and can do no wrong and is actually right as the market keeps going up. They believe that there's an impending bear market.

And a bear market is when stocks go down and they call it a bear market because bears swipe with their paw down and they call it a bear market because bears swipe with their paw down and bull markets go up because a bull bucks up with his horns just as a fun little I'm just gonna say after that anecdote I'm getting some hyperinflation So so what is the deal your horny your your Problematic your maybe drunk maybe drunk so You're problematic. You're maybe drunk. Maybe drunk. So I

Just want to say this about bear markets. I really don't know if we will ever see one again And here's why we had the most bearish situation You could possibly dream up last year. You had a worldwide pandemic You had like everything literally shutting down. Oh, but this was like artificial. We propped it up. Well, and the market did tank, but how long did that last? It lasted like maybe a month tops. And then within six months, we were already right back to all time highs and then some. And now everybody's so much more involved. It is better reserved turn out. It is, but. Yes, it is. It's due to a lot of things, which is part of why we're with the inflation now because of all this demand that has been pent up and now everybody's got there.

They still have stimulus money and stuff. Sorry. William just showed us something on it. Just a regular, regular chart thing for him. He's showing us naughty things on his phone to try. He'll be with us. I thought I had to do with the... So, I actually don't know if there's gonna be

more bear markets going forward. It feels like, any, it's like kind of like Bitcoin. As soon as it dips, everybody's in there getting ready to buy and boom, it just gets bought right back up. So my, my thought is that, my just uneducated thought is that bear markets will be very, very, very short lived. They'll be more like blips.

They'll just be, boom, quick dip, everybody get back in and then it's right on the way back up. I'm sure we can look back in history and there are probably a lot of people saying the stuff that you're saying. Right before huge cash. Because once if and when things do start to really unwind and people start to sell and that be gets more selling

and then you really start to get panic and manipulation. You know, who knows? I would rejoice that because then it gives us the chance to participate and get in and buy. And that's what we want. We're almost out of time. We would rejoice if it, yeah, if things went down. Yeah.

It would let, it would let you give us the chance to participate again and get in at lower prices And that's when yeah, that's when you want to buy you want to buy when there's fear Which is really really hard to do but Everything eventually goes but I mean look at like I said the pandemic. It's like the worst situation possible and yet we came out of it What what can be worse than that? I? out of it. What can be worse than that? That's an idea.

I'm sure you do. Let's do the cookies real week. We got a new little segment here called quickies. I don't know if that's going to be regret. Yeah. Also, I don't think we should take cookies in front of William. Yeah, that's a high primflation, maybe. We just wanted to cover some of the other news items from this week. Roblox reported earnings in the stock took off. And I'm pissed off,

because I almost bought call options on it, the 80 strike. And what does that mean, Emil? The 80 strike? Think of the strike as a target. I want, you need to hit 80 before you can start with your money. The strike price is your target price.

So I want it to hit 80 bucks, and they were going for $3. And then it shot up to like 110 after earnings. Roblox, this is my impression of Scooby-Doo after Ben slides into his DMs. Roblox. Okay, that's a good one. That was actually good. That was very good.

Like keep doing that kind of thing. I wish you had been doing this the entire time GE general electric is breaking up into three different companies the roadblocks thing though Is that oh you want to go back? Are they rocketing at all because they're like kind of metaversey? Yeah. Yeah. I mean, you got metaverse, there's a metaverse ETF.

So if you're, and this isn't an endorsement or anything, but if you are wanting to invest in like the metaverse, there is an ETF for that. So it takes all the guess. They got like this whole, it's this ticker symbol of meta. Infrastructure all set up and they've got all these like You got men of developers when making their own World's in there. It's crazy. Doorks. Have you ever played it Roblox? No, I played one time with like a family friend's kid And it was like I quit because he just kept yelling at me for doing it wrong and I was like

It was just so frustrating. Yeah, well, it's a cute. It's a confusing game kids suck Kids are very rude these days. No, they, it's a confusing game. Kids suck. Kids are very rude these days. No, they're nice. We like, I don't know about that. GE's breaking up into three companies, healthcare, energy, and aviation. Did you know that GE was once the most valuable company in the world in the early 2000s?

Yeah, I knew it. I did not know that. In the early 2000s, I had my finger on the pulse. So like, I had my finger in some things in the early 2000s. We thought you on the pulse so like I had my finger in some things in the early 2000s We thought you found it we thought you found the equilibrium sorry But it was before I was having sex and I was just being being being being stop it. Don't do that. Get your fucking hands off of me So they're breaking up into three companies. It's actually a pretty smart move and it's gonna take place over the next few years

And it'll it remains to be seen how it's gonna shake out with like how they're gonna do it if you're a shareholder You get you know this much of each one, but it's funny because yeah GE makes everything they make MRI machines they make light bulbs and make a jet engines How do you value a company like that? It's really hard. So breaking them up into these main things that they do makes it easier. Yeah, it could make them more valuable in the long run broken up. CPI numbers came out. That's the consumer price index that's basically inflation.

And it's out big, baby. 6.2% year over year. That's huge. Yeah, which is important because a lot of the headlines are saying it's up 6.2% in October. It makes it seem like in October we jumped 6.2% that was a year. Yeah, it's but that's a huge sense. That's like the highest it gives the highest inflation numbers ever. It is. But they're pushing the panic button a little bit. Kind of. I mean, because the Fed might raise rates that you think is a bad idea, which is really

interesting to me. I don't know why you were kind of telling me on the car ride over here, why you think it's a bad idea. I'm just curious how it's going to shake out because I think a lot of people agree that this is a supply chain issue. We're coming out of like massive shocks of the pandemic. And why is it a supply chain issue? Because it depends.

Right? Well, yeah, but there's, but why is there so much demand? Because of the, we can't, there's breakdown in all these things. People wanna buy cars, the price is way up because of, you know, one breakdown in the supply chain of like, there's chips. Now everything is slowed down. And

yeah, this might last like another 18 months. So I don't know what the answer is, but I don't know if raising rates, slowing... Well, because for those who don't know, raising interest rates is a tool that the Fed has to kind of slow down the economy if it's overheating like this, where inflation is getting out of hand and demand is getting too high to out-does supply, that's why prices go up. One thing that they can do is raise rates, it makes it harder to borrow,

it makes it more costly to borrow, and therefore people cut back on their spending, it makes stock prices ease off cool off a bit. Right, and then it can have an effect on industry, and I don't know if that's gonna be a big solve to some of these problems. makes stock prices kind of ease off, cool off a bit. And then it kind of- Right, and then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of-

And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of-

And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of- And then it kind of-

And then it kind of- And then it kind- And then it kind- And then it kind of- And then it kind of- And then it kind of- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- And then it kind- and- And then it I wonder, I think rather that doing that and putting the tap in the brakes on it, it least gives us a chance to catch up.

Because like we have, I read today that there's a record number of ships off the coast of California, there's like 111 ships out there, just waiting to get unloaded. And that's because there's so much truckers to take them away. Right. Right. But like, I don't think anyone knows the answer. I don't think we do either. I'm just, I think seeing the panicky headlines makes me. Yeah. worried. What pisses me off is how the Fed kind of lied about the

whole thing from the start when they dropped interest rates low over a year ago, which was the right response, because it helped, you know, stem the bleeding in the market and in the economy. But you're being a good boy, William, we appreciate it. We're almost done. When the Fed did that, people started to already sound the alarm about, okay, this might actually cause some inflation.

And the Fed at first said, it's not gonna do anything, it's not gonna cause inflation. And if it does, it'll be very minor and it'll be transitory. That's the word that Jerome Powell used, the Fed chair. Right. Well, because it's like transitory, meaning it's temporary. It'll come up, but then it'll go down. The Fed said at first, there's going to be no inflation. Then they said, there's going to be very little. Then they said, if there is going to be some, it's going

to be temporary. And then when inflation started to really pick up, they said, don't worry, it's just transitory. It's transitory. They kept saying that over and over. And then as it persisted in kept rising, they said, actually, a little bit of inflation is good. And we like this. And then as it got even higher, they're still saying like, no, inflation is actually good

now. And it also is still very permanent or temporary. Well, we're just about out of time. William, do you have any last words? I just wanna say, a Stanford man is three things. He's bisexual. Okay. Every Stanford man is, but he's five foot nine maximum.

Is that true? Mm-hmm. Okay. It's a bunch. A bunch of little kind of short guys who run around sucking each other off in Palo Alto and number three He's a good judge of character and I just want to say for a couple non vertebrae worms

You guys showed a lot of backbone invited me here today and I Appreciate the time we spent together and I say you know the rocky world of podcasting all boats rise with the tide. So I think if we work together and we look at this as a, we're just spreading information. You guys are talking to like, whoa, like, no, no, no, no, no, no, no, no, no, no, no, no, we're gonna bleep that or cut it. And we're gonna bleep just that. But okay, I just, I just also wanted to say, I know I was picking on you this whole time bend, but I would suck you off like a sock in a washing machine.

You're gonna be a rug pull. You're gonna be a rug pull. Thank you for having me. I gotta go. Oh, yeah. You're here? Well, yeah, no, just coming out now. I really thought that there was gonna be a rug pull

and he was gonna say, like, just kidding and slap me in the face or something. That was the most stressful, that was chaos. I don't know if we can use any of it. Well, we have the... This might be the first episode where we use the bleep feature. Right. We're no...

We're no angels, but... That was... William's got quite the mouth on him. He's got... A potty mouth. I don't know if I... Boy that mouth. I don't know if I believe that he went to Stanford? I don't know. Yeah, I don't know if I believe that he went to Stanford.

I don't know. We don't know. Yeah. He might just be some guy who followed us here. I'm a little nervous. He might kill us in the parking lot after this. Certainly possible. Well, we're in this together, aren't we?

Yeah, I think we can fight about it. He did say he's only five-nine. Maybe we can hold him off. We've both got the reach out of him. We certainly did. But I might imagine he's a bit scrappier than us. Yeah, oh, yes. He's got nothing to lose.

Actually, he has a lot to lose, but he's got that Stanford something. Oh, bud. Thanks for tuning in, everybody. We promise a more professional episode next week. Yeah. We're sorry to all of our viewers and listeners. If you made it this far, please, please like,

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