00:00
Like, they used a thumbnail that I looked stupid or a title that made me sound like an idiot. And I was like, Ben, I don't like that. He goes, oh,
00:07
You thought that selling out to the algorithm was gonna feel good?
00:22
Alright.
00:23
We're live. Let's do this.
00:25
Wanna get right into Twitter or no?
00:27
Yeah. Let's get into Twitter. Wait. Let me tell you something really quick.
00:31
I just remembered I was gonna tell you about this. I did a body fat scan the other day yesterday.
00:36
Okay.
00:38
Bad news for all of us, man.
00:40
Why? What happened? I was fifteen percent.
00:45
Why is that for all of us? Because if you're fifteen If I'm fifteen percent, like, if yeah.
00:49
Fifteen percent. Like, that sucks for everyone else. I felt like I was like eleven. That's just because people bullshit. Like, people who are like, oh, I'm six percent body fat. And then, like, doctors are like, no. You you are not six percent body fat. You would be, like, you know, sick if you were sixty six percent body fat. That's just not the case. So I think like what people say is six to eight percent body fat is actually twelve to fifteen or like twelve to fourteen or something like that. And, so I think fifteen is great. I I was twenty six last time we'd I did a DXA scan, twenty six, twenty seven, something like that. And my goal was
01:21
actually, I don't even remember what it was. I think maybe my goal was to get under twenty five. Was twenty eight or something like that. I was amazed at how high mine was. That's good. I I was amazed at how how high mine was. It, because, like, I don't feel, like, completely ripped, but I feel, like,
01:36
fit. Like, I don't have a stomach anymore, and I and it was still fifteen. I was shocked. We've all seen the picture. If you go to my Twitter, we've all seen the picture. You're ripped. You're actually the perfect amount of ripped,
01:47
because, you know, there's a obnoxious ripped where
01:50
if you look like, and this guy just he's just it's like a girl who's, like,
01:55
got, like, hair extensions, eyelash extensions,
01:58
nail extensions, like tons of makeup caked on. It's like, oh, they're sort of trying too hard and it's like a high maintenance person that I don't really want. Like, I don't really wanna go out to dinner with you because you're just gonna order like broccoli and and, you know, like, raw chicken or whatever. So, you know, you're like the right amount where it's like, oh, man, he might live an active lifestyle.
02:16
Like, maybe he surfs. And, like, maybe that's why.
02:19
It doesn't look like someone who is, like, you know, Jim Bro, who just lives in the gym four hours a everything centers around that in their life. Well, the point is is that it just shocked me at fifteen percent, but I just wanted to to to let you know that that happened you know, let's talk about alright. So we're gonna talk about You're officially canceled as a fitness influencer. You can't be a fitness influence at fifteen percent. I know. Twelve is okay. Anything above twelve. I gotta get my shit together. Let's Well, you could do you could just do it as the start of your fitness journey. Is this this am I'm still up before? I feel like now you're up before. I feel like I've been up before a picture for the last five years, I'm still a before. Fuck.
02:55
Damn. No. We we already said. There's before before. I'm a before before. And then there's a before. You're a before now. No. I'm just kidding. You're you're more like an after.
03:04
I'm now a before, but I was a before before. You just gotta know your system. You just gotta know the ranking system. It's not about body fat percentage. Alright. Let's get into it. Alright. So we're gonna what's the what's the topic of what's the the title of this segment?
03:17
The title of the segment is
03:19
Sam and Sean cross one million downloads a month for the podcast. They get intoxicated
03:23
by the growth. We're on pace for one point three right now. Smashing old record highs of nine hundred thousand.
03:29
And with this intoxicating
03:30
growth, they say we're gonna whore out double down, and we're gonna make a list. And so we're gonna do list episodes. That's what's actually happening here. Now what list did we decide to start with? Well,
03:41
We didn't go ultra tantalizing ultra drama filled list to begin with. We're going with our favorite Twitter follows. So I think we're gonna have twelve
03:52
is a twelve total. So our twelve Twitter follows that we recommend. Now these are gonna be, I think, in most cases,
03:58
not the obvious people. So you're not gonna
04:01
My goal is even there's a lot of people that aren't even on Twitter. So if you're not on Twitter, maybe start
04:06
or not. You know, just subscribe to my five week Tuesday newsletter. If you're not doing that, if you're on Twitter, I bet at least half of these are gonna be people you don't already follow. That's my guess. That's my goal if we do this right. So they should be kinda under the radar rising stars, and we're gonna talk about why we like these people's feeds and some stuff that we've seen from them. That's pretty cool. So we'll go back and forth
04:26
let's start with,
04:28
candidate number one. Are we going in order of, like, best? No. Okay. So mine are a little bit more popular than yours. So Okay. Are you gonna go how many do you have? You have five? No. I only have three.
04:39
Okay. I was, like, researched. Well, no. Here's the problem. I was bonus from Sam. I was searching. I was trying to find ones that people the the ones I love are people that everyone knows,
04:49
but and so I was trying to Well, you might have to bring up a few. Or I think I bet I say some, you're gonna think of some others just based off that. Okay. So we're just gonna name twelve ish of them. And we're gonna go back and forth. Let's trade off until Sam runs out. So, I'll go first because you're gonna run out faster otherwise. So Okay. The first person on my lists of Twitter Twitter people I think you should follow
05:13
is post market. Do you follow post market? It's post underscore market. No. I by the way, you follow thousands of people. I follow up until recently. I was following zero people.
05:22
Literally zero. Now it's like forty. Just to be cool? I just I was getting addicted.
05:28
Okay. So I have a list and this person's on my list. So as a post market is an anonymous account,
05:33
and,
05:34
or like a pseudonymous account, I should say, it's not like a this is not their real name or whatever. Post underscore market. And we're we're gonna put the full list in the description of this podcast. So if you wanna find them, you could do that. Or maybe what we'll do is we create a a Twitter list that you can just subscribe to. That that might be easier. So,
05:51
who's this person? I don't know what they do by day, but there's something in the financial world. Stock, you know, a trader hedge fund person.
05:57
I don't know what it says exactly in their bio, but Basically, what they do is
06:02
they have, like, hot takes
06:04
on the
06:05
market,
06:06
and it's not like hot takes, like, CNBC where it's like, oh,
06:10
You know,
06:11
the Dow is up five point six. It's like, basically, they'll take a stock
06:15
and they'll just rip it to shreds if it doesn't make any sense. So, like, for example, the, like, one of their,
06:22
one of their ones that they were killing right now is something called the called Grove Collaborative. I don't know if you saw this. It's like It was like a DDC brand. It was like one of the winning DDC brands. There's a unicorn.
06:31
It goes public.
06:33
And then, here's the tweet. It says, please make it stop. Here is a mostly DTC organic cleaning products business. It's doing six percent revenue growth at two billion valuation. Has no plan to make profits anytime soon. And a greater than five percent, five x sales multiple.
06:47
Grove collaborative not gonna make it.
06:50
And then it basically pulls out things from their, like, investor presentation
06:54
that show, like, a fairly so slow growth, low margin business, that is overvalued. What does growth and leberative make? I've never even heard that. They're kind of like a subscription, almost like a Whole Foods, Costco type of model where you can go by product
07:09
from them, I believe. And what are what valuation are they trying to get?
07:12
I was not trying to get there. They're publicly traded at, you know, two two billion or whatever? Yikes. Okay. That's this is what they find.
07:21
And so and so this person, because they're pseudonymous, they can just kind of,
07:25
talk about whatever they want. They're not really they don't pull any punches. And so, like, they'll go after,
07:32
they'll go after, like, Shamath for you know, most most people are kind of afraid to, like, poke the bear in a way. But Shamoff, in reality, had a bunch of really shitty specs where he made a bunch of money and people who invested in his specs on the whole, like, just got ripped to shreds this year.
07:47
And,
07:48
and so this post market account will, like, call out basically bad stocked, bad behavior,
07:54
across the board in the stock market. So I like that. For example,
07:58
our buddy Moises tweeted something. He goes, honest company went public in twenty twenty one.
08:03
It raised four hundred million that day. The shares closed at a valuation of two point seven billion. Since that day, it's lost two billion in value and is now worth less than eight hundred million. And then he says public markets are brutal. Be careful if you IPO. And post market replied and said, Public markets are not brutal. Private markets are a facade. And it's like, I I like the I like the, the hot takes. I like the intelligence
08:26
and I like, that they don't pull punches. Alright. I like this one. Yeah. I'm gonna subscribe. I'm gonna follow.
08:32
Alright. I'm gonna give you one.
08:34
See, some of mine are popular, but I'm gonna give you three examples of why I like them.
08:39
Ramit Safety. Do you follow Ramit on Twitter?
08:41
I don't follow actually, I do follow him on Twitter. Yeah. So there's resend on the Pottos phone. There's two reasons why he's amazing.
08:47
The first is when people criticize him, he'll sometimes say that's a good that's a good criticism. Other times they'll be like, no, you're an idiot for these following reasons. Right. And he also that's reason number one. So he's an entertaining follow. And reason number two is he tweets out loads of personal finance stuff and he'll find an article that's going viral. And if he disagrees with it, which oftentimes he does, he'll explain why it's bullshit. For example,
09:12
a lot of people, particularly people who aren't necessarily wealthy, have financial advisors who charge one percent. And he'll tweet out a whole thread about why that's total bullshit and you shouldn't pay one percent advisor. The second thing, everyone talks about buying a home and how it's a wonderful investment, and he'll tweet out awesome math thing. No. Buying a home is not an investment. Buying a home is like buying a car or something like that where you should just use it and not do it for financial reasons because more often than not, it's not a good investment at all.
09:39
And finally, he's got this really cool tweet on how to automate money. So I actually linked to it in that sheet, and I actually set up my my accounts
09:47
based off that tweet. So what do you mean by how to automate money? What does that mean? So click, so click, I believe it was this one where it says, how he, like, like, where the money goes? Like, for example, where do do you have your bank account set up? So, like, a percentage goes here, percentage goes there?
10:03
Or, like, your, your paycheck?
10:06
No. Really? So where does your money go to? Well, I don't get a paycheck.
10:10
But
10:10
your, you get paid for the HubSpot podcast. You get paid for your business.
10:15
So where does your income go to? Straight to a checking account?
10:18
Straight to a account, then your boy moves it into whatever investments I wanna make. Really?
10:23
Yeah.
10:24
I think you need to read some ruby set these up because, like, It should the way it should work is like all your money should go or not you could do however you want. Well, the way oftentimes I think it's easier is your money should go to a checking account And then it takes money out and, like, let's say that you have a really simple setup. Put this much in wealthfront. Put this much in a mutual fund. Put this much And what do you even use to do that? To I don't even know. That's possibility that you automate the, like, clawing out of your checking into various other services? Yeah. You could do it with coinbase if you wanted to. You could do an automatic thing for coin based. Oh, you go okay. So what you do is you go in those surfaces. You go into Wealthfront. You say, I'd like to do a auto saver plan and you just ACH connect. Yeah. Exactly. And you just set it up so it's all automated. So it's just, like, basically, like, you know based off of your monthly income, roughly, that you want this much cash in your checking account at all times, and it automatically and you kinda know roughly the intervals of when you're gonna get cash and just funnel it into the account. So so one of the reasons I didn't do that was when I was getting last I had last job I had when I was at Twitch, one of the major sources of of income was just stock RSUs that were going into Amazon stock, like, automatically. So that was already That was already there and I wasn't selling because my basis
11:31
for when I when we got acquired was lower than
11:35
the amount at the RSU grant, I didn't wanna sell and rebalance because it was gonna trigger taxes,
11:40
on the on those gains.
11:43
As as the price cap. Have you sold any of those shares?
11:47
Have I sold yeah. I sold a small amount, maybe fifteen percent. Are you ever gonna sell any of them?
11:53
I hope not. Yeah, I'm on that big borrowed die shit now. So, you know, that's the, that's the, that's that new game plan. It's awesome. Right?
12:01
Yes. It's awesome till it's not awesome. It's probably probably the right answer, like most things. Okay. I'm just gonna read these Remits money rules. Alright. Have one year of emergency fund cash. Okay. Fair enough. I don't. But, yeah, you can.
12:13
Save ten ten percent and invest twenty percent of your gross income.
12:17
You do that?
12:18
Or you do a higher?
12:21
Much higher. Yeah.
12:23
Pay cash for large expenses, twenty percent down minimum on a house. Okay? Fair enough. Yes. I do that. Never question about spending money on books, appetizers,
12:31
health, or donate to a friend's charity razor. Agree completely.
12:35
Business class for flights over four hours agree completely.
12:39
No limit for spending on health or education agree completely,
12:42
buy the best and keep it for as long as possible. I disagree with that. Really? I I either buy the best or I buy extremely
12:50
cheap disposable
12:51
where I don't have any stress about it because
12:53
I didn't invest hoping it was gonna be the best. Like a razor. Right? Like, it's like a barbell. Like, I'll give you an example.
13:00
For Black Friday, there's this brand thirty two degrees. Do you know them? No. What is the Costco? They're like the Costco brand of Under Armour
13:07
or like Nike?
13:10
Is it awesome? They make like they make like athletic wear. And, it's actually, like, pretty good, but I don't think it lasts as long as lululemon. It doesn't last as long as
13:19
Yeah. Like, it's it's just not gonna have that same durability, but I like their stuff. Like, I like it when I wear it, and it fits well, on my whatever. It fits well for me. So I you know, for Black Friday, they have this insane deal where, like, everything
13:31
goes down, like, eighty five percent. They just, like, wanna move all their inventory. So you'll go buy, like, whatever, like athletics, you know, like a hoodie or like a fitted, you know, athlete long sleeve shirt or whatever, and it'll be like four ninety nine. And so I just load up. So I buy, like, almost a thousand dollars worth of thirty two degrees stuff that day. You could just see in my floor here. There's just pile the boxes came and there's piles come out. Like, it's as if I'm a wholesaler for them. And so I'll buy like fifteen of the pants I like. I'll buy like twenty five of the shirt I like.
14:01
And Because of that, I don't worry about, like, a, losing anything, getting a stain on anything, something wearing out. It's like, no, I I bought this. It's so much laundry you have to do, though.
14:12
Got a cleaner for the laundry, bro.
14:14
Alright. Alright. You're good. Alright. Good turn. I know it's bad for the the the real argument is it's terrible for the environment and, like, you know, for enough, but,
14:22
you know, birds gotta fly. So here we go.
14:26
He was on his last two his last three rules. Earn enough to work only with the people I respect and like. I think that's a great rule.
14:32
Mary the right person. Okay. Fair enough. Doesn't seem like a money rule, but I get it.
14:37
Prioritize time outside the spreadsheet.
14:39
What does that mean?
14:41
So, like, when you're I do that. I have a problem with this all the time. I have a spreadsheet with all my net worth and my finances and I'm constantly optimizing it and I'll, like, do different scenarios. Like, oh, in five here, if in five years, if this happens, then we're gonna be here. If it goes worst case scenario, we're gonna be here. Therefore, we should do this, this, and this. So I'm like constantly tinkering with it and doing I'm like, oh, three percent if you only spend three percent of your net worth over this many years, but it grows by this, that means by the time we're fifty, we're gonna have this. Right.
15:10
And Gotcha. That takes, like, that's it takes up so much time. It's so fun, though.
15:16
I see. And also this wealth advisor thing. So we both have same adviser, but he doesn't charge us any fee. Right? Correct? No. We he only gets paid if we buy, some of the funds that he's gonna sell us. Right. Okay. Fair enough. It's pretty sick. Right? I think that's kind of a hack. I think that's that's a pretty good hack. I think it's a great deal.
15:32
Okay. So let's do, let's do another person. Okay. So you got we have post market, we have Remit.
15:37
I'm gonna do another one. Let me do
15:40
okay. I'm gonna give you a a double a double dose because they're kind of the same same type of account.
15:45
So,
15:47
my buddy, George Mac, and then,
15:50
there's this account called marketing examples. Do you follow these? No. What is this one? Marketing examples?
15:56
So marketing examples, this guy
15:59
I would say is one of the best content creators.
16:04
On the internet. What's the handle?
16:06
I think it's just marketing examples. Is it good? Is it Harry's marketing example? So there's this guy Harry dry. Harry dry. He works with us sometimes. I think we we we I discovered him a long time ago, and we tried hiring him. And,
16:18
it didn't work out, but we're we love him.
16:21
Yeah. I, I really, really respect. I don't know this person. I don't I don't know him well. I've DMmed him just kind of showing respect.
16:28
I don't think most people know him. He's not like, widely
16:32
He's young. Respected him. You know, you know, there's, like, the circle jerk of, like, we all kinda, like, the same things in the same the same circles. I think he's, like, eighteen or nineteen.
16:40
Yeah. I think it's probably a little older than that, but if he whatever he is, he's amazing. His content is so good. I,
16:47
I think most people when I see their content, I'm sort cocky where I'm like, I could do better. If I, like, if I wanted to, I could do better. I see his shit, and I say, oh, I should be copying things. He's doing. So that's like a very, very high compliment in my book. Where I want to copy your shit because I think you're doing such a good job. So,
17:03
so I think he's his account's really great.
17:05
And,
17:06
and then George George Mac is similar, and that George Mac basically tweets out kind of like
17:12
cool marketing hacks, mental models,
17:15
just interesting stories,
17:17
and,
17:18
and so George is really, really good as well. And he's also kind of like outside the scene Meaning, like, he wasn't a he's not a Silicon Valley person. He's not a founder or VC that, like, isn't super well connected in this area, but I think has
17:31
earned a lot of people's Twitter respect. You know, he's probably got, I don't know what, like, seventy thousand followers, maybe a hundred thousand. I don't I don't know what it is.
17:38
So George is really good also. So they're they're the ones I would say to follow. If you want
17:43
examples of what good content marketing is, as well as kinda like,
17:47
marketing slash psychology hacks is what I would call them. Yeah. This guy Harry dry has some of the best stuff. He's like, she just basically takes landing pages and he goes, this is why this is good. And he just very simply Have you seen his his Kanye West thing?
18:02
What did he do? I remember something like that. Ben pull this up. Go to go to the kanye west story dot com. I think that's what it's called.
18:09
So, basically, this is like a blog post that he just, like, tricked out. It's like exhibit knocked on the door and was there to pimp his blog.
18:17
And, maybe I got the domain wrong. Maybe it's not the It's the kanye story dot com. Yeah. The kanye story dot com. And,
18:25
it's basically this epic website
18:27
blog post
18:28
That's just like a scrolling story about the day he got in touch with Kanye West and how it all with them. And so it's like it starts with it starts with this like epic photo of Kanye that you scroll and it's like a live. It's like from lying in bed with with zero ideas to negotiating with the biggest superstar on planet earth. And then it's got this little, like, outline on the left. It's like the idea going viral, coding it, launching it, reborn, billboards, Yeezy. And then it says that was those are the chapters of this story. And he just tells a great, a very simple,
18:56
you know, hustler story.
18:58
But I just love this, like, domain, the way he designed this blog. Again,
19:02
this guy's an artist, and I'm, like, I really respect him. And when I come up with it, I think I like use him as one of my mood boards of inspiration of, like, something that I'll I'll copy or I'll I'll steal, inspiration from at the at the This kid's amazing. Yeah. He's he's twenty five years old. That was way off. I think when we I wanna do something. I wanna, like, launch something with this guy. I don't know. I I my new thing is, like, I find people
19:23
who are just awesome, and I find an excuse to collab with them. And I would put both George and Harry in that bucket. Alright. Your turn. Alright. We're gonna go with, the pessimistic
19:31
What's this called? The pessimist? What's the full one? The pessimist archive. That's what it's called. The handle is, like, just pessimistic,
19:38
pessimist's arc.
19:40
So basically what it is is it's incredibly fascinating because it's a Twitter handle that looks back at history and brings up topics that people complain about today. So, for example,
19:52
there's a,
19:54
a tweet from November sixteenth nineteen eighteen. Or, a news article, and it says, I would rather spend the rest of my life in jail than wear one. And it's talking about a guy who doesn't wanna wear a flu mask. And then there's another example of of someone saying like,
20:09
oh, here's a quote from Martin Luther King saying, like, you know, there's too many books out there. People are trying to write too much and become famous. And it's basically, he's talking about, like, influencers,
20:19
and it's kinda funny. And then there's This is There'll be another one where it's like technology is just gonna kill our brains and they're, like, referring to, like, a telephone.
20:27
And so it
20:28
then it's real. And so if you read just the tweet part, you would think that they're talking about now, but then they show you a different ear and then they show you a picture of the article. And it's from a newspaper from the eighteen hundreds. And so it's kinda cool because people complain about the same shit all the time and so you'll think like Oh, our country is more divided
20:50
divided than ever or, like, the wealth gap is, like, crazy or Right. Same problem. It's like, man. That it's like, yeah. All those things could be true, but, like, I'll oftentimes people think it's worse than ever before. And maybe that's not the case because people have been complaining about the same shit forever. Like, Okay. There's one with school shooters, and it's like,
21:09
the, you know, these guys were addicted to books, and they were reading these these gory books and that's why they shot up their, like, their local town. Instead of video games, they're blaming, like, this, the novel, the dime novels, whatever those are. And it really And my takeaway here is two two things. The first thing is that
21:28
we react this oftentimes human beings react the same through for for centuries. And if you study why people react the way they do, you can begin to predict to predict this. And so if I can if I figure out in history what have been some of the common reactions to action x y and z, I can kind of look into the future and or at the present time being like, okay, I think people gonna react by doing blank, blank, any blank because that's just how we're wired. The second thing that it does is it, like, brings you to, like, senses a we're like, okay.
21:57
I need to be calm. People have complained about this literally for a hundred and fifty years and we're doing okay. And, so that's interesting. And I was reading this book Human Nature by Robert Green. Ben, I don't know if you've read this enough. Maybe you could tell me, but I'm almost positive
22:11
somewhere in this book, I that they said that one of the very first bits of written language that they found was of people complaining about the younger generation and how they aren't gonna keep the cultures that the old or keep the traditions that the older generation has created. You know what I mean? So this idea of like old people complaining about young people being lazy Like, one of the very first ever pieces of evidence of of of written language, it was a story of complaining about that.
22:37
So, anyway, I like seeing those patterns. So that's mine. Yeah. That's, you know, what's what's the phrase? History doesn't repeat itself, but it rhymes. Yes. And, that's that's like what this account is you know, into that shell. There's some really great ones on this. I have a similar
22:51
stash,
22:52
in my swipe file that I've been teeping for for years. I I kinda forgot to update it recently, but it was called smart people saying dumb things.
23:00
And I would store anytime
23:02
somebody who is clearly smart and successful
23:04
said something that was very wrong. So for example,
23:07
you know, Warren Buffett,
23:09
was very, very dismissive of, like, you know, certain technologies, what, you know, Bitcoin today, but before that, you know, internet and technology stocks,
23:16
that he just didn't understand that. He didn't understand them and so, therefore, made some disparaging comments or,
23:23
Like Ray Dalio predicting, like, a crisis in the eighties.
23:27
Yeah. Or,
23:28
you know, Steve Balmer laughing and say, you know, and he's cackling and saying, nobody will ever buy a thousand dollar phone. Like, they just don't get a Apple, you know, Apple will fail or whatever. So I did that partly because there's, like,
23:41
in the moment there's, like, a junk food fun of it, which is, like,
23:45
Yes. Wrong.
23:46
You know, there's there's a joy when when somebody successful is pointed out to be very wrong about something. But there's more than that. The real reason I did it was to remind myself that, like,
23:56
it's very easy to kind of go into hero worship mode.
24:00
And to idolize certain people or put them on a pedestal and just because you're smart in one thing doesn't mean you're smart in another, or just because you're right a lot doesn't mean you're right all the time. It's a very important lesson because I made big mistakes. Like, for example,
24:13
I think I've missed out.
24:14
I bought Tesla stock very early on. Think I bought it up under a hundred dollars a share. And I think if you, if you adjust for the splits, I think it's now over, like, five thousand dollars share, So I think I've I would have made about a five million dollars on a stock buy that I had, really, if I had just held. And,
24:33
through and the reason I didn't hold wasn't because I wanted to take profits. It was because I got spooked by first, there was, like, a lot of people at a given time that were called Tesla q. Do you know about that?
24:43
Was that the thing where they said that, like, the it's fake, like, the factories are fake. But it's not that the factories are fake, but that there's sort of, like, fraud deception that fundamentals don't make sense and that Tesla's gonna go to zero. Tesla
24:54
Wolf, the guy, like, spreading those. Yes. Exactly. So Josh so the there was mostly anonymous accounts on Twitter and read it. And so I'd read it and I was like, okay. I I always wanna learn. What is the other side? I was so bullish on Tesla. I did this, at this point, Tesla wasn't even anywhere near where it is today. Right?
25:11
And so it was like, okay. You know, Tesla's gone from ninety dollars a share where I bought it to three hundred eighty dollars a share. Great. But, like, You know, I still think it's got a lot of room to run. And and I was reading I I always wanna know what is the what do people who disagree with me saying? What's their argument? Do I do I believe it? And so I read it and I was like, oh, there is some weird stuff. Like, wow, they've gone through twenty five CFOs. Like, that sounds strange. Like, why does the CFO keep leaving? And, like,
25:36
that people would have this, like, drone footage of, like, parking lots just full of Tesla's that they're taking, like, why are they stashing Tesla in these parking garages? Look at this. Every car in this six door car garage is a Tesla. Why is it here? Why are they are they faking deliveries and sales? Like,
25:52
what is this? So there was a lot of, like, if there's fire. Was there any truth in any of us? Honestly,
25:58
here's my honest take. I actually think that there was a lot of truth to what what was going on. I think that and and the reason why I say this is I don't think it's as bad as they said. But I also did don't think it's as good as Tesla portrayed it. Meaning, I think there actually was a period of time where Tesla almost died where it actually almost did go bankrupt.
26:15
Because,
26:16
of, like, the the combination of the production ramp up was going too slow. They had the production line was not moving fast enough.
26:23
The subsidies were there, but they could have gone away and, like, all this stuff. And I think there was, like, a lot of,
26:29
kind of like, you know, fake it till you make it going on there. And Elon has even come out and said. In the past, he goes, he was talking about
26:37
when, when CleanTech was big, And the government was giving money to this thing is called Silinda or something like that. And he came out and he said, same thing happened with Enron, where it was like, five weeks before it went under,
26:50
they were, like, not just saying everything's gonna be okay. They were saying everything's better than ever.
26:55
And he and Elon came out and was sort of, like, What do you want people to say? He's like, you know, it is in the incentive of somebody of the captain of that ship to go down with the ship and the whole time be saying, oh, we're so close to our destination, basically. He was like, they're never gonna come out and say, yeah.
27:11
We don't know. We might not make it. Because then that will guarantee you don't make it because people will sell the stock. It'll put so much negative pressure in the company. It'll hurt the morale inside the company. And so you can't ever come out and say, I don't know. We might not make it. So you always have to say,
27:25
make it. Of course, we're gonna make it. We're thriving. And, like, you just hope it actually comes true. He said something to that effect in an interview once I read, and I was like, I feel like he's describing
27:34
what actually was going inside Tesla. That's amazing. And so anyways, the long story short was I didn't believe it. Didn't believe it. Didn't believe it. I was sort of like reading it, but I didn't pull the trigger. And then Josh Wolf, this guy is a very, very smart guy, successful VC, not an anonymous Twitter egg account who's, like, just shorting the stock and trying to, like, spread fear
27:53
He was really shitting on it consistently for the course of a year. And at some point, I was like, you know, What will I regret more? Selling the stock now and taking my profit if I'm wrong or
28:05
seeing all these signals and not, like, going with what seems to be a mounting amount of evidence. How much did you buy? Guess what? I was wrong. Tesla becomes Elon becomes a richest man in the world. Tesla becomes six hundred billion dollar company. I bought it at a six billion dollar valuation or something crazy like that. And so, you know, I missed out on a fifty to a hundred x you know, somewhere along the way. And,
28:27
and so, yeah, I do regret. I actually turned out to be wrong. I'd I would have regretted more this scenario happening, but it seemed improbable Wait. So you bought a hundred grand worth of Tesla stock?
28:36
I didn't buy a hundred grand. I think I bought, like,
28:39
I don't know. I don't even know what it wasn't a hundred. I don't think that's that's not what I was buying back then because this was like I
28:45
I was like twenty three years old or something at the time. It it it was a long time ago.
28:49
Basically, I think I bought, like, thirty or forty grand of the stock at a certain price. And I re because I remember doing the math and thinking, okay, they're valued at, like, five or six billion now What is Ford and GM valued at? Okay. They're valued at twenty five billion. Okay. On one hand, that seems crazy that they're only five times less when they deliver like two hundred times less cars, but I was like, I really think, like, the cars are gonna go electric that these old fucks are never gonna switch.
29:12
And he's got this, like, vertically integrated. It's, like, actually, a battery and energy company. It's not even a car company, and this was before self driving.
29:21
It was a good yeah. But, you know, if you get it wrong, you get it wrong. So egg on my face. And by the way, on this note of the the pessimist archive,
29:29
I saw this YouTube video
29:31
that was, I don't know if you heard about this. Few years ago Elon Musk negotiated a very unique compensation package. Do you know about this?
29:39
Yeah. Basically, he gets some crazy bonuses if some crazy goals happened.
29:44
Yeah. So he had
29:45
he had set up this thing where he gets absolutely
29:48
his entire compensation was tied to
29:51
the, the market cap of Tesla.
29:54
And, like, It was at fifty billion, I think, at the time when he had done it. And,
29:58
it was, like, every fifty billion dollars increments, he was gonna get more. And so I was, like, at I get us to a hundred billion,
30:05
then I get x. I get I I think he would get,
30:09
like, one percent or two percent more of the company each time. I I should've I should've I didn't know we're gonna talk about this. I could've mapped it out. But basically, he was gonna get a percentage more of the company for every fifty billion. They go up in market cap. As they also have to hit certain,
30:22
like, revenue and earnings,
30:25
at that time. And he had no guaranteed income. So basically, if Tesla just went from fifty to ninety nine billion, he would get zero
30:33
during that time.
30:34
And he had five years to do it. And the top of the compensation plan was if they became a six hundred billion dollar company that he was gonna become, like, he was gonna get this, like, he would own, like, ten percent of whoever. He would own some ridiculous amount that would get unlocked for him. And he would be essentially the richest man in the world. And there's all these there's this clip of air what's his name? Andrew sorkin or whatever his name is, the guy on CNBC, fast money or whatever,
31:00
of them to they're outlining the plan, and they're laughing. They're just laughing at him. They're like, I don't even know why they included these tiers. Like, for Tessa to get that would be, I mean, there's no way, and they're all laughing there. Like, there's no chance. And they're like, this is such a weird thing. Why did he do this? And they're like, basically laughing at him and saying how outrageous the top end of it was where it just made no sense well, to do that, Tessa would need to become, like, the fifth most valuable company in the world, the third most valuable company in the world. And they're like, that's ridiculous. But I guess, yo, aim high, I guess.
31:31
SEVE NO GUARANTED COMPENSATION
31:33
OF ANY TIME AT ANYCONS AT ALL. HE GUESSED A salary, CATCHbonUS, EQITY.
31:37
HE ONLY GET TO EQUITY THAT VESS over time, but only if he reaches,
31:42
these hurdle rates, which are dare I say crazy. So right now, the company's worth fifty nine billion dollars.
31:48
They run at fifty billion dollar increments. So if he gets the company to a hundred billion dollars Well, you're just talking market capitalization, not based on revenue, not based on the number of production. There's gonna two metrics at each step. So the first step is he has to get the company to a hundred billion dollars and reach these operational and adjusted EBITDA and revenue number. If he doesn't get either of them, he gets nothing. That's kind of a weird way to break it down based on market. If he gets to a hundred fifty,
32:15
and has to hit the operational numbers. I mean, the market can be irrational.
32:19
So you can't control that. At each fifty billion dollar number, He collects one percent of the company. If somehow magically,
32:26
he would get the company to six hundred fifty billion dollars, which is literally what the plan calls for if you can believe this. He would collect the equivalent of about fifty five billion dollars in compensation. Otherwise, he gets absolutely Okay. What if you get it to six hundred zero billion dollars in the intermediate? And then sure enough, he he's like, I think he just hit it or he's about to hit that that last final thing and sure enough he's the richest man in the world now. That's badass. Bad on yourself. I I need to go bet. Well, if you're him,
32:52
Alright. I'm gonna tell you a a handle that would have helped you.
32:56
So you know who Ryan Holiday is, definitely. Right? Yes.
32:59
Ryan Holiday is an author. Just kinda like a personality, but mostly an author, and he does stoicism stuff. And I included him, but I'm gonna actually tell you the one you should file. So I like Ryan Holiday because he's got these things that are not business related, but help me in business and help me in life. And so he's got five lessons from Seneca. Seneca was a
33:18
the Greek? I actually don't know what he was. He's a philosopher.
33:22
And so they are we suffer what was he?
33:25
I think it was Greek. I I didn't look up. It was Roman, Ben. Thank you.
33:29
We suffer more imagination or five stoic lessons from Seneca. Suffer more in imagination than in reality, associate only with people who improve you. The greatest remedy for anger, this is the best one. The greatest remedy for anger is delay.
33:42
Nice.
33:43
Value your time more than your possessions, and death is not in the distant future. We are dying every day. And he's got these amazing things that I love. Badass. But he's got this other Twitter handle called The Daily stoic.
33:56
I love the daily stoic, and they just, like, tweet out all these, like,
34:01
interesting stoicism
34:03
tidbits. That's his. Right? It's his brand? It's his. And it's incredibly useful. This stuff is like it's one of the stoicism, it's one of the few philosophies
34:11
that's like actively
34:13
it's practical and you could use on a daily basis. And so I like filing this account. It reminds me to do certain things. So So so correct me if I'm wrong. So
34:22
I had heard about stoicism from Ryan Holiday, Tim Ferris, bunch of others. So I go. I buy meditations by Marcus Realius. I sit down, I start to read it, and I'm I'm just trying to understand what the heck is this philosophy.
34:33
And there were some things I thought really cool, like the tweet, like that tweet you just read out those five principles. Like, that resonates with me. But there was, like, a part of it, which is sort of, like,
34:42
field neither the highs nor the lows. It seemed almost like a philosopher. And I think I'm wrong, so I want you to correct me. It seemed like a philosophy, which is sort of like feel nothing. Yeah. And I think that your home is great. Seem very fun. Why do we why do I wanna feel nothing? So that's my big That's my actually a really good criticism in my opinion of stoicism, and it's my criticism
35:02
of stoicism, which is a lack of joy.
35:04
And a lot of stoics, this is via steel arm, steel manning, by the way. A lot of stoics will say,
35:10
no, like, there's joy. Like, if you read it differently, there's room for joy or they never say you can't have joy and they're not wrong, but oftentimes it's how to deal with pain and misery. And the idea is basically you accept the fact that you're gonna come into contact with a bunch of idiots all day who are gonna wanna hurt you and steal from you that's okay. You do like a negative visualization.
35:30
Right? You, like, imagine
35:31
things going wrong, which again just feels very
35:35
not so fun for me and not the way I have not not that's not a formula that's worked for me. In fact, the exact opposite has worked for me. That formula has worked for me, actually. So what I do is, like, Alright. Today, I've got cancer. I can't get out of bed because
35:48
I'm like, harsh. You do this every day? I do it a lot. Or I'll be, like, look. Like, like, if I'm feeling sad, I'll be like, my I just got my leg cut off. Like, I can't walk. I wish I could do it on towards. And then I'll be like, wait a minute. I have both legs. I'm don't feel sick. Let's go celebrate and exercise.
36:04
Or you know what I mean? Or like, you know, I'm happy my dog is not dead.
36:08
And I'll go and it makes me appreciate him. Yeah. It's called negative visualization. I think it's incredibly useful.
36:13
There's a there's this is this is to me So I I will disagree with this. There's a
36:18
just to me is the argument of, well, there's kids starving in Africa. Like, in any given moment, you could just sort of remember, oh, there's kids starving in Africa. Just kept starving in Africa. Oh, I my boyfriend broke up with me. Well, at least I'm not kept starring in Africa. And,
36:31
and I I get the utility of it. I've used it myself.
36:35
But in my experience, I've learned that it's a bit of a roundabout way to a destination
36:40
of gratitude. And, like, you don't have to go to
36:44
feeling the stress and the pain and the suffering of bad in order to feel the gratefulness around the good. And so I found it, I guess my personal experience
36:52
has I think it's a roundabout way to gratitude and, like, I might as well just go straight to gratitude. Don't need to, don't need to think about all the bad things. But think about, like, worry about all the bad things that could happen and go there. It's it's it's not been useful for me. I remember, like, when I get a sore throat, I always feel this way. And when I get like a toothache, I'm like, I wish I could go back to the days where my tooth didn't hurt. If you're at, like, a toothache is, like, the most pain you could be in or sometimes. And I'm, like, I, like, I you're, like, I I don't remember. Like, sometimes it might if I All the women who have given birth are, like, with fuckers get talking about. Yeah. But, like, a toothache is the worst pain you could feel.
37:25
Or, like, I, like, in my, like, whenever I get earaches and toothache, I'm like, you know, it's like this internal pain. It's like I can't make the pain stop, and I just have to deal with it until I have an appointment in three days. Yeah. And then you get, like, days in and you're like, I don't remember what it felt like to not feel this pain.
37:40
And so I got into the habit. I would be like, I would be so thankful if I could, if my throat did today and I could just swallow food. That would make me so happy.
37:48
And days when I don't am not sick, I try to think back. I'm like, this is exactly what I wanted. I wanted to feel happy that I'm not sick today. And so I I think about that stuff all the time. So anyway, Ryan Holiday in the daily stoic is a good follow. You're up. Alright.
38:03
By the way, I know we didn't do stoicism justice for people who are like diehards.
38:08
Sorry.
38:09
People should look at it. I don't think it is no emotions. I think it's, like, more subtle than that. But but that's a really good. I think your criticisms
38:16
rate, which is like Yeah. I think it's what a lot of people run into. A lack of joy. And then they're like, wait, but wait, is this what I want? Yeah. It's like, where's the roof or fart jokes? You know what I mean?
38:25
I'm gonna give you two niche experts. They're in different niches, but I like them. Okay. So,
38:30
should link their accounts here for you to.
38:34
This first guy, I don't know exactly how you say his name.
38:37
His name is
38:39
Aviral
38:40
Botnager.
38:41
And I'm gonna link you his Twitter. It's Avirral Bot. And,
38:45
I'm gonna put it where do I put it? I put it on a sheet that we have. Okay. You got it. So this guy, Avi, Avirol Botnecker, he is a venture capitalist in India.
38:55
And his blog is a junior VC dot com.
38:58
This guy puts out really, really high signal stuff around what's going on in India.
39:03
Like, for example, he has a tweet that he put out yesterday or or that that was India now exports more software, a hundred thirty three billion, than Saudi Arabia exports oil.
39:12
A hundred thirteen billion. We are the India is the largest engineering population in the in the world. What an amazing story that's come come out over the last forty How'd you find this guy? This is the best this one's the best one. This is the most helpful one on the list. Yeah. And so, like, I I do a lot of investing in Indian startups and I was like, okay. If I'm gonna invest in a new starter, so I'm not on the ground. I'm not the, like, local domain expert. So what did I do? I invested in a fund became an investor into somebody else's fund that's India focused. I was like, okay. Cool. I'm gonna get insights from him, and I can bounce any deal off him to see if he wants to participate and maybe he has a local view that I don't understand. And then this was another guy that I thought was really smart. So I wanted to find who I wanted to basically see who's the thought leader in that space, and then how do I subscribe to them? And so his, you know, his, like, blog, I think has fifty thousand subscribers now. So he's not, like, you know, no name.
40:02
But he's very niche and he talks about kinda like the Indian tech scene and what's going on, you know, at a macro level or whatever. So I found this guy to be I think he's doing a really good job of contact creation. So I'm gonna pick this guy through one niche. Is there such a thing as this for China?
40:17
I'm sure there is actually. This this is a good idea. I should just
40:21
like, find this person for, like, LatAm
40:24
for Europe, you know, for different parts of Europe, for for India, for China, and Australia, maybe.
40:30
If there is none,
40:32
be this guy. This guy is a valuable position to become. Super valuable. There's this guy named Bill,
40:37
Bishop. I think his name is Bill Bishop had a newsletter,
40:42
called steinism. I think it's called. You know what I'm talking about? No.
40:46
Sino
40:47
sinosysm.
40:48
I don't know what that means.
40:50
Sinosysm, s I n o c I s m.
40:53
For a long time, he was the most popular guy on Substack.
40:57
And his entire
40:58
newsletter
40:59
is it's called Get smarter about China. And he just tells you about the business of China, and you could see all, like, the latest trends coming out of China. It would be really great arbitrage to do, by the way. If you, instead of trying to compete in the same pond as everybody else. Like,
41:13
go provide a really useful bridge into one specific market or one specific geography.
41:19
Like,
41:20
I've told the story before, I think, but, like, one of the most influential people in my life was this teacher named Lisa Heaster at Duke University,
41:26
and she taught this class called Getting Rich. And her story was, she graduated That was the name of the class? It's the name of the class. Yeah. Did everyone take that? It was the it was one of the hardest classes to get into because it a great name, great title. Right? So you already know this person's not just like every other professor. Like, she understands, like, her customer, her market. The second thing was, it was she was the highest rated professor on, like, rate my professor dot com. And She had a chili pepper next to her name, so she was, like, hot too. It was, like, oh, it was everything. So I I wake up at five in the morning. We go to the library to get on the highest speed internet connection.
41:58
And as soon as the course listings open up, we, like, jumped on it, and we got into this class. And I go in and she was she tells her story. She goes, actually, I was a student at Duke ten years ago or eleven years ago, whatever it was. She goes, I graduated with a degree in Mandarin that's just what was interesting to me. And at the time, everybody was making fun of me. Actually, she was older than this now, but she had started teaching back when she was like thirty two or something. Now she might be forty two or fifty two or something like that. But she goes, I graduated with this degree. All my, like, friends were, like, good luck with that, you know, how's that Mandarin degree gonna, you know, out, get a job here because
42:32
I'm a I'm gonna go to med school. I'm gonna be a lawyer. I'm gonna be a consultant. Like, what are you gonna do with that Chinese degree? And she's like, well, I bet I can get a job in China. Like, what? And so she bought a one way ticket just goes to China, and she just starts waving her hand. She's like, hey, people in China, like, I
42:46
know English. I know companies in the west.
42:49
And I would love to learn about you and then it'd be a bridge, and she became a bridge, basically, between companies in China and companies in America. If an American company wanted to do business, China, they would do it through her because she, like, could translate the not just literally the language, but, like, she knew who to talk to. She became, like, the local expert there. She'd be and this, like, to me, this guy on Twitter, he's my bridge into low knowing what's going on in the scene in India. And so she what her story was She made a killing doing that because it was really valuable. Companies in China really wanted to do business with the companies in the West.
43:18
Then she invested all of it in the tech and the tech stock market because she was like, oh, I can tell tech companies are the ones that are doing well. So she and then right before the bubble burst, she pulled it all out to be like, oh, I wanna do real estate now. And she, like, just timed it perfectly accidentally.
43:32
Invested all in real estate from two thousand two thousand eight. Right before the real estate crash happened, she took it out again because she just wanted to do something else for the life. And basically, by thirty two was retired
43:42
and, like, you know, was like, what do I wanna do? I wanna go teach and teach kids what I wish I knew back then. How wealthy you actually got?
43:50
I think she made, like, you know, a few million dollars at least and, like, you know, probably, like, five, seven million dollars. And, like,
43:58
you know, she she lives in in Durham and she teaches at school. I mean, I have no idea. So what was the class? I'm totally guessing.
44:05
So the class was Basically, it was, you know, like Ramit Sethi. It was like personal finance, which is like she's like, you probably need she wanted to teach what she wished she learned when she was in school. So she's like, I wish they taught you about how to manage money. So she would show us, like, the power of compound interest over time, like, why you should save early and versus saving more money when you're thirty versus saving even a little bit of money when you're twenty.
44:26
And then, like, what is a mortgage? And, like, how does that work? And, like, then so and then every other class, you would just invite in someone who made it, like, someone who's successful financially,
44:35
but doing a completely different thing just to expose you to, like, Look, there's like fifty paths. Dude, this is a one. It's like this podcast pretty much. Yeah. One would be this girl who started a t shirt company licensing university logos. And she would tell her story. Then she she got Jamie Diamond on the phone. And, like, Jamie Diamond is, like, you know, the head of whatever more than Stanley or whatever.
44:56
And, like, then then she had this hedge fund guy from San Francisco come out and he's like, yeah, I here's what I he's like, he surveyed the room and he goes, do you guys use,
45:03
Microsoft or Apple products. And they're and people are answering. He goes,
45:08
he asked, like, three questions. And we were, like, why did you ask that? He goes,
45:11
because then I'm only gonna make one decision this year, and it's whether to invest, like, hundreds of millions of dollars into Apple or not.
45:18
And,
45:19
and he's like, so all I'm doing is I'm just trying to figure out what is the right decision on that. I was like, whoa.
45:26
That's a job. That's a that's epic. And he he had said in his when he was in the glass, he goes, by the way, all you guys are gonna just have the same resume. He goes, you're all trying to do the same thing. You're all trying to get grades. And then, like, these internships,
45:40
he's like, so the first three fourths of your resume, think about it. It's gonna look the same as everybody else in Like, I'm not really gonna be able to tell the difference. Because the only thing that's gonna differentiate any of you is that bottom section where it's called other, like other interests. He's like, So at this school, everybody's gonna teach you to, like, work on that top three fourths of the resume. In reality, you should be working on the bottom, the bottom, one fourth of that resume. Because that's what guys like me look at. Everybody's got a degree. Everybody's got good grades. Everybody went to a good school. I've never wait. Have I told you about the bottom fourth of the resume?
46:09
No. What is that? That's so funny that you you even use that fraction. I always tell my when when I own the company, I would say I just care about the bottom fourth. I'd always say just tell just Wow. And I would always say that and I'd be like, one of the greatest people would ask me how do you find good writers? I was like, well, here's one really easy way. Ask them about the bottom fourth. And they go, what do you mean? I was like, well, just it doesn't matter what they studied in school. Ask them,
46:32
okay. So you made your student philosophy. What's your favorite philosophy class or favorite philosophy teacher? And if they can't tell me a story
46:39
about something that they spent four years and hundreds of thousands of dollars on, then they're just not gonna be a good writer because they're not interesting enough. Right. And so I would always ask about the bottom fourth of the resume for all types of roles because I'm like, if you're just if you can't entertain me for this conversation and then you just don't have any passion and I don't be around you.
46:55
Right.
46:57
That's amazing. Okay. So maybe this becomes one of the the core frameworks. That's, like, you know, one one person saying it. That's just a dot.
47:04
Two people saying, hey, that's a line. I interviewed,
47:06
it I got that from a gold Brian Golberg who founded,
47:11
bustle, and He has this amazing article, and he says it's headlined. Users exist, stay away from them. And it's basically, like, how to only hire winners.
47:20
It's from Pando from years and years ago and he's a brilliant writer but he doesn't write anymore because he's kind of a loose cannon but it was titled losers exist how to avoid them and it talks about one of the best ways to ask about the bottom fourth. And if you're a you're a loser, if you can't, like, be passionate about something that you spent four years studying,
47:38
no. Dude, this article is gone.
47:40
It's is it Pan you know, like, Pando died. Let me see if there's a cash version.
47:45
There is a cash version.
47:47
Okay. We we are we're back in luck. The deadline is losers exist. Don't hire them.
47:52
Yeah. Awesome.
47:54
Okay. Let's do, let's do a couple more. I'm gonna give a couple quick ones.
47:59
Okay. This other person who I think is a niche expert is this guy Willie Wu. Do you follow him? No. I'm looking them up now. I'm following all these people. The the Indian guy is the best one so far, but let's look at willy Woo. Yeah. I don't think you like this one because it's very cryptospecific, but this guy willy Woo is I think the leading
48:13
crypto analyst.
48:15
And, you know, in most things, like these people who analyze charts and stuff like that, they're, like, It's a little bit like horoscopy. They're like, oh, look. The trend is going this way. And, like, if you draw this t shape, it's gonna be the iron cross pattern. And, like, you know, so bye. Bye bye. And,
48:31
in crypto, there's one unique thing, which is that all the data
48:35
is there's a lot more transparency. All the, you know, everything that's happening is happening on a chain on a public So you can actually go analyze it. So, like, he looks at all these metrics that are, like,
48:45
you know, it's he won't just look at the price, for example. There's things like, What is the actual average buy in price? Because it's one thing for the price to go up or for people to, like, not be selling because they bought it in twenty thirteen, and they, you know, their cost basis was, like, five dollars, and your cost basis now is fifty thousand dollars. So it looks at, like, what the actual price people buying in, what is the average price people bought in for. And that tells you, like, if it's low versus the actual price, you're like, okay.
49:12
You know, it's mostly, you know, it's mostly just same coins in old hands versus if it's higher, you you realize that people are buying in at the current price levels, and that's pulling the average up.
49:23
And so there's there's a whole bunch of things like that. Like,
49:26
coin age, like,
49:28
are old coins moving, meaning, like, if o g believers start selling. That's kind of a signal. Like, it's like when a CEO starts selling their stock, it's like, wait, why are you selling your stock? That doesn't seem quite right.
49:40
What's the reason? And so, like, when a bunch of old hands start selling, that's actually a signal that comes before the price changes. May may not even affect the price yet, but it's a indicator of something to come. Damn. Alright. I just follow them. So this guy's got all kinds of analysis, and he's a lot more reasonable. So crypto is full of, especially Twitter Twitter is full of like, just propaganda artists, and they're good at it. They're like, they will make you believe that some random fucking n f t is the hottest because it's like one guy controlling fifty five bot accounts, and they're all replying to every tweet that uses the word, you know, art with, like, a link to their freaking project. There's so much propaganda. There's so much noise. And there's so many, like, just believers who if you say if I if I just go out there to say and I say my price prediction for twenty twenty two, is six six million dollars a coin.
50:26
I'll get a bunch of attention because people wanna believe that, like, yeah, the number's gonna keep going up. And so this guy is a lot more reasonable. Like, he's still obviously a big believer. He's super bullish on Bitcoin and and cryptocurrency in general, but he
50:37
grounds it at least and, like, real analysis. And I find that to be quite valuable. Alright. I follow them. I think that's cool. Is he what what what is does he, like, actually make predictions?
50:48
Yeah. He'll make predictions, but it's not he's not like he doesn't get just, like, intoxicated, which is prediction after prediction. It's more like
50:54
let me explain things are moving. And then when a move happens, he'll explain what actually happened. Who actually
51:00
was it a big one way old dumping? Was it a lot of old hand selling, what's causing this bear market? And he'll say, look, there was actually a lot of leverage in China,
51:09
and those got liquidated, and that's what drove the price and, like, you can get an explanation for, like, what other flies feels like pretty arbitrary price movements.
51:17
Yeah. That's bad ass. Alright. Let me give you one Yeah. Rohine Dwar. I actually don't know how to spell Rohine's last name or say Rohine's last name. It's d h a r.
51:27
So this guy,
51:28
founded this company called Priceanomics. Do you remember Priceanomics?
51:32
Yes. I've followed this guy. This guy good. Okay. So he's interesting. Priceonomics was interesting. We actually recruit a bunch of people from there, and I love that company. I don't know if it's really around anymore, but it's just a blog. But his new, like, started as a side hustle. Now it's kind of like a full time thing. And I actually showed you two examples. Even Souley's commenting on it. And this guy, he owns, I think,
51:53
twelve or ten or eight, somewhere in that eight to twelve range. He owns eight single family homes,
52:00
in New Mexico,
52:01
in California,
52:03
Hawaii,
52:04
wherever.
52:05
And you can go and look and he'll kind of show you where they are and I'll show pictures of them. And he rents him out on Airbnb and sometimes when his kids are on vacation or not school, he'll go and stay in his homes and he reveals all of the numbers and all of the updates. So on December six, he tweeted these are my monthly mortgage payments on each of the homes and my small,
52:23
portfolio of vacation rentals.
52:26
Another one is he'll say, like, you know, currently we're seeing this type of occupancy rate and we actually just added a surfboard to our house in Hawaii and we noticed that we could get more money for it or something like that. Right. And he takes screenshots and he shows all of the revenue that he's making as well as how much money things have cost cost him to buy. And he'll even do things like recently he posted a couple listings. He's like, I think I could turn this into an Airbnb and he'll just like link to the Redfin
52:52
house listing. And he's like, I think I can get these numbers. So it's actually really cool to see him in real time make it all happen.
52:59
Yeah. I like this. This is awesome.
53:01
I didn't realize that he was doing this. This is it's kind of new. Yeah. He's been at it for a while. He's been at it for now. His new shtick is doing it for six years. But, yeah, I don't think I don't think he was as public about it. He wasn't as public about it. He was not as public about it, but now he's, like, all in on it. And it's so fun.
53:15
It's a really fun handle to follow because
53:18
sometimes his properties are like
53:21
a quarter of a million and he puts down twenty percent. So he puts down or sometimes even less, I think. So he'll put down like forty or fifty thousand dollars on these properties and that's pretty attainable for a lot of people. And so it's kind of interesting.
53:32
Right.
53:34
Okay. I have a okay. Let's do a couple funny ones.
53:38
Okay. Have you heard of this account? James Friedman. It's f Jamie zero one three.
53:44
Was it on this list? No. So what is it? James Friedman? F
53:48
James Friedman or, I don't know, maybe it's Fredman, but it's f r I d
53:52
f r I d m a n?
53:54
No. Who who what what's this?
53:57
So he is, he's got two million followers. He's definitely popular. He's the Photoshop guy. So, basically, people will photoshop, like, James. My boyfriend's wearing this Calvin Klein foot the same Calvin Klein t shirt in every,
54:11
in every photo we I take with him. Can you just remove the the logo of Calvin Klein?
54:16
And then, like, he he does the request, but he doesn't it's not actually just photoshopping it. It makes it hilarious. So, like, It's very visual. So, you know, you need, like, YouTube to be able to see what I'm saying here, but, like, he photoshopped the the his guys wear a Calvin Klein shirt of, like, you know, it just says across the chest calvin klein jeans. And, so he, like, photoshopped it with that ripped off so that little section ripped off. Now you could just see his chest. And, and so it's like, fucks it actually, like, fucks up the photo. It doesn't make it good like the girl wants.
54:44
And it says Calvin Klein tattooed on his chest now instead of on the shirt.
54:49
And so it's like,
54:51
like, people will just be like, you know, you
54:55
know, We here's my wedding photo,
54:58
but we forgot to wear a mask during our wedding photos. Can you photoshop a mask on instead of photoshopping a COVID mask, it'll put, like, you know, the green mask from Jim Carrey's, like, the mask on their face. So it's just, like,
55:08
people request it and then he does the, like, he does the request, but he does it wrong in a way that they're not happy with. They'll be like, you know, my my arms look too big here and then he'll make them like absurdly tiny or whatever. And so it's just hilarious. Oh, like, got a million followers. He's like, I look funny with one arm. And then so he just or, you can't see my other arm, so it looks funny with just one arm. And so he just deletes the the the second arm so the person's harmless.
55:31
Exactly.
55:33
Mean, I think he has like a book or something, like, called the joy of Photoshop. It's it says,
55:38
asking the wrong guy for help.
55:40
This is awesome. This is cool. I've never seen this. I'm gonna follow him. You wanna go you wanna do a a few more quick funny ones?
55:47
Yeah. Let's do another one. We have friend Nikita Beer. He's pretty funny in, like, the tech world.
55:53
What do you think his account? Hilarious. He's a shithead.
55:57
Yeah. I'm actually amazed that he does some of the stuff that he does, and that's why I like him. Well, it's kinda like the Donald Trump rule, right, which is like you say one offensive or weird thing.
56:06
You know, you're canceled, but you say all offensive and weird things,
56:10
you're you get, like, you know, you get the pass.
56:14
That's that's the key is, like, if every post makes fun of something, that's cool. If if only one does, then you're an asshole.
56:21
All of this stuff is making fun of something. So I think it's a great follow. And his profile picture is hilarious.
56:27
Yeah. His profile picture is,
56:30
is good.
56:32
Alright. We wanna do one more?
56:35
Yeah. Okay. I like this one. I don't know if you know this guy. I don't think you do. I don't know if you'd be interested in him. His name is Haralabob.
56:42
What's he do?
56:43
So Haralabob's story is kinda crazy. Is this crypto guy?
56:47
So he's he's actually he's transitioned from being the the the one thing guy to the next thing guy to the next thing guy. Okay. So he started off
56:53
He got famous because he was a big sports better. And he famously
56:58
one year, and I think the year two thousand,
57:00
like, just absolutely
57:02
raked it in in Vegas because he found an arbitrage,
57:05
that he could bet on, and he just, like, milked it. And, he realized that, like, I think it was something he he's had a few of these where he basically finds he would find inefficiencies
57:15
in the sports betting market. And that's how he made, like, millions of dollars. So he found like one year of that.
57:21
What they would do is,
57:24
let's say that that they would have an over under a total points for a game. And let's say it's two hundred points for the game.
57:31
Now Vegas is, like, weirdly accurate with over under. Like, they will get it, like, so spot on. It'll come down to, like, the last possession, and, like, it'll flip over or under. So they're very good at doing that. It doesn't seem like there's much of inefficiency there. But, like, in basketball, what happens is that the first half
57:46
of of basketball, you just play and then you go to halftime. But at the end of the game, there's often situation where the losing team will start fouling the
57:53
winning team to, like, stop the clock, make them shoot free throws, and then try to, like, they're trying to make threes while the other team could only shoot two free throws at a time. What it led to was that the second half had more points than the first half. But Vegas had the small bet called the they would take the over under, and it would say, you can bet the first half over under, and it was just dividing it by two. So it's like dividing the total by two. So the total was always really accurate, but the the first half over under was underpriced. It was o it was like too frequently too,
58:21
too high. So who's just betting the under? So you'd find these like little inefficiencies. How much did he mean?
58:26
Certain refs are really foul prone.
58:29
And so he would know that, okay, when that ref is reffing this game, that team is gonna score more than their normal average. And so he he would analyze the refs when nobody was analyzing the refs, and then he would just bet for whole season on just the refs.
58:42
And he actually unco I think he figured out for the NBA uncovered
58:46
that that ref Tim Donahue was, like, cheating basically because, like, it was always weird shit happening on that guy's games.
58:53
And he and so I I'm paraphrasing because he doesn't, like, totally out his whole strategy, but, like, he's talked about it before, like, you know, the Lakers in one year were undervalued in a way, and so he was able to bet them. He made millions of dollars doing that.
59:05
And I think he then he became,
59:09
then he gets hired by an MBA. Mark Cuban hires him. To be his, like, secret weapon for the maps. Yeah. But he worked there for a few days. Right? No. He worked there for, like, a year or two, and then he famously
59:19
you know, left or slash left slash got fired this year. He left, but, like, an article came out saying,
59:25
everybody in the company hates Haralabob because he has Mark Cuban's ear And, like, you know, he has too much power for, like, his, like, random position as special advisor and stuff like that. They made him seem like this, like, master puppeteer and then whatever he left. And now he's like big time and he's been in he's been big time into crypto recently.
59:43
And so he's just, like, the intersection of all my interests, like sports betting, poker gambling,
59:47
NBA games, and, like, NBA personnel stuff, franchise management, and now crypto. And so I just think this guy's, like, kind of a baller degenerate gambler type of dude. And he kinda looks like a shit head I like him automatically.
59:58
And he and he's not afraid to talk shit because he's not like employed by, you know, somebody or whatever.
01:00:05
So, you know, he
01:00:07
he basically, like,
01:00:10
he's kind of like a one man band, which I think is great. I think those people tend to be the most interesting because they could speak their mind And he's kinda like a shit head degenerate gambler type. So he's gotta, you know, the sense of humor that you find when you run-in those circles, which is like you know, part, like, smart alec because you're just, like, actually really fucking smart and clever and you're finding, like, the edges,
01:00:30
but also part shit head where you're just like, you don't mind. Just making fun of people and calling them dumb. This episode turned into, like, the slumdog millionaire of,
01:00:37
Twitter where, like, we name
01:00:40
we named ten things and then a super in-depth story on each one and why it's interesting. Yeah.
01:00:47
Yeah. That's true, actually. It's more about their backstories than their Twitter. I think it's gonna be cool. Ben, what do you think? Are people gonna dig,
01:00:54
like this. People are gonna love it. People love lists like Sean said. We sold out, but you know what? This is a good thing to sell out for because a good episode.
01:01:02
We, we had one title the other day.
01:01:05
Either is the title or is the thumbnail? Like, they use the thumbnail that I looked stupid or a title that maybe sound like an idiot. And I was like, Ben, I don't like that. And he goes, oh,
01:01:14
You thought that selling out to the algorithm was gonna feel good?
01:01:20
Yeah. I had them change the title also for the Hassan Nash episode. It came out, it was, like,
01:01:25
reveals all his comedy secrets. And I was, like, I don't even we didn't even talk about that. Like, we didn't he didn't even talk about his comedy secrets and,
01:01:36
you know, I feel like that's a guest on trying to look cool with, man. You kinda, like, making me look dumb in front of my friend I'm trying to look cool with. So could we, like, change that? Like, you can make me look dumb, but don't make me look dumb in front of somebody who care about. Are you guys friends now?
01:01:51
Yeah, we're buddies. That's great. That's that's pretty I I feel like that's a big a big thing. Right? Like, your your friends with, like, a guy who's almost a hero.
01:02:01
Almost a hero.
01:02:03
Strange description. Well, like, I don't know how to know how much you looked up to him, but I know you looked up to him a lot. Okay. There's there's definitely like a part of it, which I think,
01:02:10
you know, is kinda like the embarrassing part of anybody where it's like, you you know, like, I find it really embarrassing when people see a celebrity and they fucking lose their mind and they go and they like, take a photo with them and they, like, ask them for an autograph. Like, can you please write your name on this piece of paper? Like, I mean, it's a real, like, bitch move if you think about it. It's very strange. You know, if I had my memory wiped and I came back at a society, I'd be like, well, you just did what? Like, you know, why did you make yourself seem like such a loser? Think, that's I used to think when I would see people with, like, trump flags or any other politician flag or they're, like, his face. I'm, like, it's kinda weird to have a grown man's face all over your body.
01:02:45
Yeah. Exactly. And then, like, you know, I fanboy about UFC and shit like that. I get super excited. So there's, you know, there's still people that, like, I still can fanboy about So there's definitely that part of it, which is like, oh, it's kinda cool that someone
01:02:56
someone that's kinda famous is, like, your friend. But that wears off after, like, I don't know. Ten seconds,
01:03:03
or at least for me, I'm like, this is like a lame feeling.
01:03:06
The thing I like is that he actually
01:03:09
is super helpful. Like, he asked really interesting questions. Like, first of all, we it's like, okay. Let's take, let's take, his career and my career completely out of it.
01:03:17
If you have a conversation with this person, do you like them? Do you get along? Like, do you do they say interesting things? Or is it just boring, same old, same old commentary that everybody has? Like, no. Dude super interesting has really good questions that has cool opinions.
01:03:30
Then the second part of it is,
01:03:32
are you gonna, like, like, I told you this framework, which is good friends consume together, great friends create together. And so I told him, I said, dude, a dream of mine is to, like, do, like, a ten minute comedy set someday. Like, I just think that would be such a thrill, such a challenge,
01:03:49
you know, like, that's one of the few things that I can you know,
01:03:52
make me, you know, nervous or scared. Is he gonna help? Is the idea of doing that. And so he, like, I didn't even ask him for help. I would never, like, I wouldn't really ask him for help. Like, dude, time's a lot more valuable than helping me with my, like, hobby dream, you know.
01:04:05
Like, yeah, I'm that, like, kind of out of shape guy who wants to wear the jersey and dribble up and down the court in Madison Square garden. Like, yeah. I I want that, but, like, you don't need to help me. But he has. He texted me, like, really interesting
01:04:17
kinda like the stuff I'm, you know, you know, I'm a nerd about, which is like frameworks, kinda like techniques, tactics of like, okay. What's behind the laugh?
01:04:25
The laugh doesn't just happen You know, like, there's a there's, like, there's a there's a there's a way to consistently recreate the laugh. How do you do that? And so he's been sharing some ideas with me. And so You have to ask them to be like, can I share this tweet? Or can I share this text? I did ask him. I was like, dude, you should charge for this. Like, this is unbelievable.
01:04:42
He's like, He's like, a, don't share my shit. I was like, okay, I'll go to the grave with it. And then, b, so I haven't told nobody, no, not even not even my right hand man. I don't don't don't even let him take a peek. Then the second part was,
01:04:54
he's like, you know, there's, like, this feeling in, like, in comedy and and, like, acting, which is, like,
01:05:01
you could teach it, but, like, if you teach it, that's sort of, like, this, like, signal of, like, I I couldn't do it. So I became that acting teacher in, you know, New York or whatever.
01:05:08
And I think there's that same thing in tech, which is, like,
01:05:12
are you, like, teaching it because you, like, you
01:05:15
make it as the operator. I think there is that stigma in tech as well, but much less so because in tech, people figured out
01:05:22
if I start blogging about my shit and tweeting about my shit, I get my reputation goes up. I get better deal flow. I get to invest in better more bad ass companies. It's, like, actually strategic.
01:05:31
Right. And it's not like that with companies versus, like, a fallback plan. Well, I'm very eager, Sean, to hear about your friendship with with this famous comedian.
01:05:40
Fuck you. Fuck you for doing that.
01:05:44
Congratulations.
01:05:45
Tell.
01:05:46
Ask his son to to tell you a text on why that was funny.
01:05:52
Yeah. For some of us, it's natural.
01:05:55
Yeah. Dissect that, buddy.
01:05:59
Alright. That's the episode.
00:00 01:06:18