00:00

I look at this category and how much money is in this category.

I look at this category and how much money is in this category.

00:04

And,

And,

00:05

it's gonna happen. It's just there's never been a business. There's never been a carcass

it's gonna happen. It's just there's never been a business. There's never been a carcass

00:11

so tempting, so bloated,

so tempting, so bloated,

00:13

swimming so slowly.

swimming so slowly.

00:23

Alright. We just asked Scott Galloway if he was twenty five years old again. What businesses would he start? Because this guy started. I think nine businesses sold one for over a hundred million dollars. And we said if you were twenty five, would you do? What are the ideas, the opportunities, the trends that you would take advantage of? And he gave us two answers. He said,

Alright. We just asked Scott Galloway if he was twenty five years old again. What businesses would he start? Because this guy started. I think nine businesses sold one for over a hundred million dollars. And we said if you were twenty five, would you do? What are the ideas, the opportunities, the trends that you would take advantage of? And he gave us two answers. He said,

00:38

if you had no degree, no college degree, no fancy education.

if you had no degree, no college degree, no fancy education.

00:43

He would do this. And he said, if I had a fancy degree, instead, I would do this other thing. Very cool to hear kinda where his head's at. The small opportunities

He would do this. And he said, if I had a fancy degree, instead, I would do this other thing. Very cool to hear kinda where his head's at. The small opportunities

00:51

and the big one, what he called the the multi trillion dollar carcass that he can't believe nobody has, has disrupted yet. And on top of that, we asked him about his finances. We talked about when he sold his companies and made his first few million bucks and then tens of millions of dollars all the way up to where how he got over a hundred million dollars how he lost it along the way. And what were the key moments that allowed him to to reach those heights with his with his own finances? You know, I've seen probably a hundred interviews with Scott Galloway, and I'd never heard him reveal these numbers or talk about this so openly. In fact, at one point, he goes, I'm naked here. I'm naked here, guys. You gotta tell me something. And so, very, very good interview with Scott Galloway. Enjoy.

and the big one, what he called the the multi trillion dollar carcass that he can't believe nobody has, has disrupted yet. And on top of that, we asked him about his finances. We talked about when he sold his companies and made his first few million bucks and then tens of millions of dollars all the way up to where how he got over a hundred million dollars how he lost it along the way. And what were the key moments that allowed him to to reach those heights with his with his own finances? You know, I've seen probably a hundred interviews with Scott Galloway, and I'd never heard him reveal these numbers or talk about this so openly. In fact, at one point, he goes, I'm naked here. I'm naked here, guys. You gotta tell me something. And so, very, very good interview with Scott Galloway. Enjoy.

01:29

Welcome to the pod.

Welcome to the pod.

01:31

I've been, I've been listening to you for a very long time. I was a fan of yours, starting, I think, with l two, with no mercy, no malice videos,

I've been, I've been listening to you for a very long time. I was a fan of yours, starting, I think, with l two, with no mercy, no malice videos,

01:40

And the reason I've liked you is I find myself

And the reason I've liked you is I find myself

01:45

you might be fifteen or twenty years older than me, but I find myself looking up to because I think we have a lot of very similar characteristics,

you might be fifteen or twenty years older than me, but I find myself looking up to because I think we have a lot of very similar characteristics,

01:52

which are Directile dysfunction?

which are Directile dysfunction?

01:55

Not yet. Anger,

Not yet. Anger,

01:57

depression,

depression,

01:58

I have hair, but you're pretty buff.

I have hair, but you're pretty buff.

02:01

You might be buffered than me. I'll I admire you for that. Thanks for that.

You might be buffered than me. I'll I admire you for that. Thanks for that.

02:06

Like, you like to post shirtless pics. I kinda like you for that. I do. But you're very hard to peg down politically.

Like, you like to post shirtless pics. I kinda like you for that. I do. But you're very hard to peg down politically.

02:12

You're you're you're you're kind of like all over the map. When it comes to that, you also you

You're you're you're you're kind of like all over the map. When it comes to that, you also you

02:17

you have beautiful language. I'm a big fan of beautiful language. You've got beautiful language. You're better than I am, but I so I look up to you for that. You started a bunch of really amazing businesses, but you're kind of known, like, I've told, we did this episode where we talked about your personal finances where you talked about spending two to four hundred thousand a month And people were like,

you have beautiful language. I'm a big fan of beautiful language. You've got beautiful language. You're better than I am, but I so I look up to you for that. You started a bunch of really amazing businesses, but you're kind of known, like, I've told, we did this episode where we talked about your personal finances where you talked about spending two to four hundred thousand a month And people were like,

02:35

I didn't know Scott was so rich. And I was like, no. He he created a bunch of really big companies, but you're more famous for being, like, Scott Galloway, the brand. And I think that that's pretty cool. And so you've done a bunch of really interesting stuff. This is the whole episode, by the way. It's just Sam complimenting. It's like a reverse roast, actually. So you just sit there.

I didn't know Scott was so rich. And I was like, no. He he created a bunch of really big companies, but you're more famous for being, like, Scott Galloway, the brand. And I think that that's pretty cool. And so you've done a bunch of really interesting stuff. This is the whole episode, by the way. It's just Sam complimenting. It's like a reverse roast, actually. So you just sit there.

02:52

And

And

02:53

you just get compliments at the end of the hour,

you just get compliments at the end of the hour,

02:56

you know, you feel good. That that that's what happens here. Yeah. So far, I just let me say, I'm really enjoying this.

you know, you feel good. That that that's what happens here. Yeah. So far, I just let me say, I'm really enjoying this.

03:02

It's like a verbal massage. This is this works for me.

It's like a verbal massage. This is this works for me.

03:07

Anyways, go on. Just going, Sam. Well,

Anyways, go on. Just going, Sam. Well,

03:10

Like, I could read these sentences that I'm like, that's a beautiful line. I love that shit. I just love how he's coming up with that stuff.

Like, I could read these sentences that I'm like, that's a beautiful line. I love that shit. I just love how he's coming up with that stuff.

03:18

But Yeah. I mean, I think it's, like, I I think it's really good. And what's crazy is you've had a better career as a as a business person And obviously, the key to my success

But Yeah. I mean, I think it's, like, I I think it's really good. And what's crazy is you've had a better career as a as a business person And obviously, the key to my success

03:27

is re is rejection.

is re is rejection.

03:29

And that is

And that is

03:30

I've had a lot of the marketplace

I've had a lot of the marketplace

03:33

businesses,

businesses,

03:34

capital providers, women,

capital providers, women,

03:36

have provided a great deal of rejection for me. And my skill is my ability to endure that. And move on.

have provided a great deal of rejection for me. And my skill is my ability to endure that. And move on.

03:43

And I'll let loose my sense of enthusiasm.

And I'll let loose my sense of enthusiasm.

03:45

I've, you know, the ability to mourn and move on is key. And the wonderful thing about America is that

I've, you know, the ability to mourn and move on is key. And the wonderful thing about America is that

03:50

We don't embrace failure. That's bullshit, but we tolerate it.

We don't embrace failure. That's bullshit, but we tolerate it.

03:54

And I know so many really successful people who are very successful, and then they do something on their own or they do something.

And I know so many really successful people who are very successful, and then they do something on their own or they do something.

04:00

And it doesn't work for them, and they get stuck. They just lose their mojo.

And it doesn't work for them, and they get stuck. They just lose their mojo.

04:05

And they can't get past it. They can't handle

And they can't get past it. They can't handle

04:09

the bullet to the to the chest

the bullet to the to the chest

04:11

where the bullet to the arm becomes an opportunistic infection that starts damaging everything about them. And I've that's my only skill. I'm at, you know, I'm really into my dogs. I started an e commerce company. I wanna be the Williams Sonoma pet supplies. Put a million bucks in my own money, and I sold it for, like, a million and a half. So I made some money, not a lot.

where the bullet to the arm becomes an opportunistic infection that starts damaging everything about them. And I've that's my only skill. I'm at, you know, I'm really into my dogs. I started an e commerce company. I wanna be the Williams Sonoma pet supplies. Put a million bucks in my own money, and I sold it for, like, a million and a half. So I made some money, not a lot.

04:30

I invested or I started another e commerce company. I started a travel site, sold that for a little bit of money.

I invested or I started another e commerce company. I started a travel site, sold that for a little bit of money.

04:38

You know, I've had a lot of kind of and then I've had things where I, you know, I'm I ran into a, you know, drove into a wall at two hundred miles per hour. I started coming to a red envelope,

You know, I've had a lot of kind of and then I've had things where I, you know, I'm I ran into a, you know, drove into a wall at two hundred miles per hour. I started coming to a red envelope,

04:48

which went public on the NASDAQ in two thousand and two. And because I was young and dumb, I kept investing, and then I got in a war with the board, and I did a proxy fight, and I took over the board and put more of my money in. And then two thousand and eight came, and there's a longshoreman strike and a software malfunction at the warehouse we sent ten thousand gifts to the wrong addresses.

which went public on the NASDAQ in two thousand and two. And because I was young and dumb, I kept investing, and then I got in a war with the board, and I did a proxy fight, and I took over the board and put more of my money in. And then two thousand and eight came, and there's a longshoreman strike and a software malfunction at the warehouse we sent ten thousand gifts to the wrong addresses.

05:05

Oh, the holidays and then a Wells Fargo analyst, it was, like, fourteen decided the credit crisis was coming and pulled our line.

Oh, the holidays and then a Wells Fargo analyst, it was, like, fourteen decided the credit crisis was coming and pulled our line.

05:12

And my stock went from seven bucks this year to zero in about eleven days. And when the company had declared chapter eleven, and I lost, you know, I lost pretty much everything. Do you remember

And my stock went from seven bucks this year to zero in about eleven days. And when the company had declared chapter eleven, and I lost, you know, I lost pretty much everything. Do you remember

05:21

How much money,

How much money,

05:23

when you felt that tipping point where you did feel financially secure, not like bulletproof where nothing will ever will happen, but do you remember the inflection point where you're like, okay.

when you felt that tipping point where you did feel financially secure, not like bulletproof where nothing will ever will happen, but do you remember the inflection point where you're like, okay.

05:32

This feels different than I've felt on the on the climb. I still don't. I still haven't hit that point. I'm still very anxious about money.

This feels different than I've felt on the on the climb. I still don't. I still haven't hit that point. I'm still very anxious about money.

05:39

You know, I had

You know, I had

05:41

and I like to be very open about money because I think that not talking about money is basically a decorum that is promoted by the incumbents and the wealthy,

and I like to be very open about money because I think that not talking about money is basically a decorum that is promoted by the incumbents and the wealthy,

05:50

such that you don't understand how much money wealthy people have to keep poor and middle class people under the illusion

such that you don't understand how much money wealthy people have to keep poor and middle class people under the illusion

05:57

that, oh,

that, oh,

05:58

you you should be paying forty five percent tax as well. I'm paying seventeen.

you you should be paying forty five percent tax as well. I'm paying seventeen.

06:03

And I think I think it's important to be very think it's helpful to be transparent. And I talk about how many much money I've lost. All my investments, how much money I've gained, my tax rates, etcetera.

And I think I think it's important to be very think it's helpful to be transparent. And I talk about how many much money I've lost. All my investments, how much money I've gained, my tax rates, etcetera.

06:13

But

But

06:14

the the

the the

06:16

You know, I'm I'm still I'm not obsessed with money. I think about it all the time. I'm trying to get a lot more. I'm

You know, I'm I'm still I'm not obsessed with money. I think about it all the time. I'm trying to get a lot more. I'm

06:24

I'm giving it away.

I'm giving it away.

06:26

Five from five years ago, I decided I was gonna give away every dollar I made in current income.

Five from five years ago, I decided I was gonna give away every dollar I made in current income.

06:32

Because I wanna start catching up to the non philanthropic Scott for the first forty five years of his life, but I'm still trying to make shit ton of money. I still feel financially very insecure. I still worry about

Because I wanna start catching up to the non philanthropic Scott for the first forty five years of his life, but I'm still trying to make shit ton of money. I still feel financially very insecure. I still worry about

06:45

a recession becoming a depression, and I'm the guy who lost it again. I've lost it all a couple times. And so

a recession becoming a depression, and I'm the guy who lost it again. I've lost it all a couple times. And so

06:51

I don't feel I'm at that point where I don't have financial anxiety.

I don't feel I'm at that point where I don't have financial anxiety.

06:55

I do sleep with one eye open.

I do sleep with one eye open.

06:57

The big you know, I sold my first company for

The big you know, I sold my first company for

07:01

twenty eight million bucks. By the time I split it with my ex,

twenty eight million bucks. By the time I split it with my ex,

07:05

And my partner in taxes, I ended up with a few million dollars.

And my partner in taxes, I ended up with a few million dollars.

07:09

Red envelope, I got a few million there, but I always seem to figure out a way to lose it. But I was able start again because I never had debt. I've always lived below my means.

Red envelope, I got a few million there, but I always seem to figure out a way to lose it. But I was able start again because I never had debt. I've always lived below my means.

07:19

But I would say the big win

But I would say the big win

07:22

was probably selling l too, and I like that, oh, wow. I can buy a plane. Like, that was not in my reach before.

was probably selling l too, and I like that, oh, wow. I can buy a plane. Like, that was not in my reach before.

07:29

So that was kind of the big one. That was like all the moons long ago. What was the price would it sell for? Two hundred or three hundred million dollars? No. It sold for a hundred and fifty eight million, but we'd only done one round of venture capital. So the,

So that was kind of the big one. That was like all the moons long ago. What was the price would it sell for? Two hundred or three hundred million dollars? No. It sold for a hundred and fifty eight million, but we'd only done one round of venture capital. So the,

07:41

you know, the common shareholders,

you know, the common shareholders,

07:43

you know, I was the largest equity owner,

you know, I was the largest equity owner,

07:47

So the top,

So the top,

07:49

you know, between me and the top six employees, we probably own seventy percent of it.

you know, between me and the top six employees, we probably own seventy percent of it.

07:54

So that was that, you know, that was a lot of money for me. I'd never had that kind of money before. I'd always done well,

So that was that, you know, that was a lot of money for me. I'd never had that kind of money before. I'd always done well,

08:00

but I'd never had that kind of that kind of capital. And then getting to invest that in the midst of a bull market, we sold in twenty seventeen.

but I'd never had that kind of that kind of capital. And then getting to invest that in the midst of a bull market, we sold in twenty seventeen.

08:09

You know, I've I've made more money investing, actually, than I've made from my small from my businesses. And I'm I got a book coming out of March about,

You know, I've I've made more money investing, actually, than I've made from my small from my businesses. And I'm I got a book coming out of March about,

08:16

financial,

financial,

08:18

trying to develop Panational security. And

trying to develop Panational security. And

08:21

you know, the ability to create an army of capital, even if it's only fifty bucks a month or a hundred bucks a month, put it in a tax deferred or tax efficient vehicle, diversify it, and then let time takeover. Again, see above, you don't know how fast time it's gonna go. That's where I built

you know, the ability to create an army of capital, even if it's only fifty bucks a month or a hundred bucks a month, put it in a tax deferred or tax efficient vehicle, diversify it, and then let time takeover. Again, see above, you don't know how fast time it's gonna go. That's where I built

08:35

real wealth.

real wealth.

08:39

Our soft where's the worst. Have you heard of HubSpot?

Our soft where's the worst. Have you heard of HubSpot?

08:42

See, most CRMs are a cobbled together mess, but HubSpot is easy to adopt and actually looks gorgeous. I think I of our new CRM. Our software is the best. HubSpot,

See, most CRMs are a cobbled together mess, but HubSpot is easy to adopt and actually looks gorgeous. I think I of our new CRM. Our software is the best. HubSpot,

08:53

grow better.

grow better.

08:54

This doesn't this doesn't make sense for Sean because Sean is not worried about money at all. He's got this thing that I like to call, like,

This doesn't this doesn't make sense for Sean because Sean is not worried about money at all. He's got this thing that I like to call, like,

09:02

good emotional health. He's very emotionally healthy. His his parents did did them well. And he's talked to me about this. I sold my company two or three years ago, and I made a a fair bit I know that you missed people shot. I'm like, I'm naked here. What did you make?

good emotional health. He's very emotionally healthy. His his parents did did them well. And he's talked to me about this. I sold my company two or three years ago, and I made a a fair bit I know that you missed people shot. I'm like, I'm naked here. What did you make?

09:17

Yeah. Let's go. Let's go, Sam. You gotta say He's hesitant. He's hesitant. It's worth doing the list here. Okay. Go ahead.

Yeah. Let's go. Let's go, Sam. You gotta say He's hesitant. He's hesitant. It's worth doing the list here. Okay. Go ahead.

09:25

How?

How?

09:26

At the end of the the process,

At the end of the the process,

09:28

I walked away with about twenty million dollars. That and how old are you?

I walked away with about twenty million dollars. That and how old are you?

09:33

I was about thirty I was thirty one or thirty two. So you should be Jordan, you should be unless you really screw up, you should be much wealthier than I am by my age. Because to get that Yeah. But I still I still feel shitty. I feel the same, like, I still like, I felt awesome for a minute, and then I felt shitty where I was, like,

I was about thirty I was thirty one or thirty two. So you should be Jordan, you should be unless you really screw up, you should be much wealthier than I am by my age. Because to get that Yeah. But I still I still feel shitty. I feel the same, like, I still like, I felt awesome for a minute, and then I felt shitty where I was, like,

09:52

like, when I see these world events right now, when I saw, like, whatever happens every six months, I'm, like, the world's gonna end. And I and I do, like an eight I'm boring. Sean makes fun of me. I do eighty twenty index and bonds. That that's the only I only own those. Exactly what you should be doing right now. I think so. And I and then I own HubSpotstock still, and then I own Airbnb stock. That's basically basically my portfolio.

like, when I see these world events right now, when I saw, like, whatever happens every six months, I'm, like, the world's gonna end. And I and I do, like an eight I'm boring. Sean makes fun of me. I do eighty twenty index and bonds. That that's the only I only own those. Exactly what you should be doing right now. I think so. And I and then I own HubSpotstock still, and then I own Airbnb stock. That's basically basically my portfolio.

10:13

And,

And,

10:14

Sean makes fun of me. He's like, how are you feeling insecure? And I'm like, dude, I'm broken. Like, I'm broken. Like, I it doesn't matter how much therapy I go to. I'm just I'm a bro when it comes to money, a scarcity mindset, and I'm broken. Yeah. I'm the same way. And when you talk about how you're worth, you know, a hundred million plus and you don't feel secure, and Sean said he's like,

Sean makes fun of me. He's like, how are you feeling insecure? And I'm like, dude, I'm broken. Like, I'm broken. Like, I it doesn't matter how much therapy I go to. I'm just I'm a bro when it comes to money, a scarcity mindset, and I'm broken. Yeah. I'm the same way. And when you talk about how you're worth, you know, a hundred million plus and you don't feel secure, and Sean said he's like,

10:33

What a little bitch. Like, you know, like, you talk about masculinity, man up. You know what I mean? Like, I it's and I have the same thing. I'm like, I I can't So I'll give you I'm weak. By but the only thing I would say is just,

What a little bitch. Like, you know, like, you talk about masculinity, man up. You know what I mean? Like, I it's and I have the same thing. I'm like, I I can't So I'll give you I'm weak. By but the only thing I would say is just,

10:44

you I mean, both of you guys, obviously, super smart guys, and you know it's sort of

you I mean, both of you guys, obviously, super smart guys, and you know it's sort of

10:49

irrational that you're feeling that way. And I guess the question I would have, Scott, is, like,

irrational that you're feeling that way. And I guess the question I would have, Scott, is, like,

10:54

like, you know,

like, you know,

10:55

you actually are financially secured now. Right? Like, it would take,

you actually are financially secured now. Right? Like, it would take,

10:59

it would take a lot for you to get to the point where you're not able to fund your lifestyle or provide for your family or whatever at this at this point.

it would take a lot for you to get to the point where you're not able to fund your lifestyle or provide for your family or whatever at this at this point.

11:07

So you know that that anxiety is is somewhat irrational, and you're a very smart guy, and you've clearly, like, done

So you know that that anxiety is is somewhat irrational, and you're a very smart guy, and you've clearly, like, done

11:14

development work in a bunch of other areas of your life. I'm just surprised

development work in a bunch of other areas of your life. I'm just surprised

11:18

that I, like, I can't tell. Is it just one of these, like, virtue signal things? Where you're like, hey, guys. I'm just I'm still like you. I'm still I still sweat it. And I'm like, oh, is that what these guys are doing? They're just trying to relate to the common man.

that I, like, I can't tell. Is it just one of these, like, virtue signal things? Where you're like, hey, guys. I'm just I'm still like you. I'm still I still sweat it. And I'm like, oh, is that what these guys are doing? They're just trying to relate to the common man.

11:30

Or Are you actually just not, like, fixing that irrational part of your brain and just being like,

Or Are you actually just not, like, fixing that irrational part of your brain and just being like,

11:37

you know, you know, working on that. Like, getting it getting it right.

you know, you know, working on that. Like, getting it getting it right.

11:40

Which one is it? Yeah. So first off, the neurosis is real. It's not a it's not a humble brag. It's part of a brag, but it's not a humble brag. It's The neurosis is real,

Which one is it? Yeah. So first off, the neurosis is real. It's not a it's not a humble brag. It's part of a brag, but it's not a humble brag. It's The neurosis is real,

11:51

but it's also

but it's also

11:53

it's also a a feature as well as a bug.

it's also a a feature as well as a bug.

11:56

Because I'm all over the people managing my money. I know where my money is. I think a lot about diversifying.

Because I'm all over the people managing my money. I know where my money is. I think a lot about diversifying.

12:03

Sam, what you're doing is exactly what you should be doing. Cause you're not looking to get you're looking to get richer, but more than anything you're looking to not get poorer. And the mistake I made at your age when I had

Sam, what you're doing is exactly what you should be doing. Cause you're not looking to get you're looking to get richer, but more than anything you're looking to not get poorer. And the mistake I made at your age when I had

12:14

some wins was I would double down. And I would start another company and put all my money into one thing. Like, you're quite frankly, you should be selling down your Airbnb and your hub spot stock and just letting you don't need the needle in a haystack. You just need to buy the whole haystack because you've got enough capital. I have a price target. Like, I I I have, like, a number where I'm, like, when we get to around this, we're gonna we'll get out of those. Yeah. But I would, talk about it. I made a longer conversation, but Sean to your

some wins was I would double down. And I would start another company and put all my money into one thing. Like, you're quite frankly, you should be selling down your Airbnb and your hub spot stock and just letting you don't need the needle in a haystack. You just need to buy the whole haystack because you've got enough capital. I have a price target. Like, I I I have, like, a number where I'm, like, when we get to around this, we're gonna we'll get out of those. Yeah. But I would, talk about it. I made a longer conversation, but Sean to your

12:41

I think about financial insecurity a lot. It is still very possible.

I think about financial insecurity a lot. It is still very possible.

12:45

You know, there's been periods in economic history where

You know, there's been periods in economic history where

12:49

if you're invested and, you know, you can lose most or all of it.

if you're invested and, you know, you can lose most or all of it.

12:55

I've put a little bit of pressure on myself because And this is virtue signaling. I give a lot of money away.

I've put a little bit of pressure on myself because And this is virtue signaling. I give a lot of money away.

13:01

So

So

13:02

but, yeah, I don't. And also, I have a really nice lifestyle.

but, yeah, I don't. And also, I have a really nice lifestyle.

13:07

But, no, the insecurity is still there. I I I was always financially insecure growing up.

But, no, the insecurity is still there. I I I was always financially insecure growing up.

13:14

And I just don't know if that goes away, but I I think some of it is a good thing. I have my eye on stuff. I think about it a lot.

And I just don't know if that goes away, but I I think some of it is a good thing. I have my eye on stuff. I think about it a lot.

13:21

And it's like if you wanna be good at money, if you wanna be good at anything, if you wanna be good at tennis, if you wanna be good at stamp collecting,

And it's like if you wanna be good at money, if you wanna be good at anything, if you wanna be good at tennis, if you wanna be good at stamp collecting,

13:28

you need to think about it a lot. It doesn't you know, Roger Federer thinks about tennis a lot.

you need to think about it a lot. It doesn't you know, Roger Federer thinks about tennis a lot.

13:33

A lot.

A lot.

13:34

And if you wanna be good at money,

And if you wanna be good at money,

13:37

I think, yeah, to have a certain amount of financial literacy. You have to understand interest rates. You have to be thinking, wait.

I think, yeah, to have a certain amount of financial literacy. You have to understand interest rates. You have to be thinking, wait.

13:42

When my mortgage rolls in fourteen months, is it gonna go from and a quarter percent to seven percent. Oh, wait. It is. Does that mean I should be thinking about selling it,

When my mortgage rolls in fourteen months, is it gonna go from and a quarter percent to seven percent. Oh, wait. It is. Does that mean I should be thinking about selling it,

13:52

paying off my mortgage? You just If you wanna be wealthy, unless you're extraordinarily

paying off my mortgage? You just If you wanna be wealthy, unless you're extraordinarily

13:57

talented at something,

talented at something,

13:59

I mean, extraordinarily talented and also can live below your means And most extraordinarily towns that people have a tough time living below their means. It's not how much you make. It's how much, you know, you spend in your ability to create a delta. So you always save live below your means.

I mean, extraordinarily talented and also can live below your means And most extraordinarily towns that people have a tough time living below their means. It's not how much you make. It's how much, you know, you spend in your ability to create a delta. So you always save live below your means.

14:14

Yeah. The the insecurity

Yeah. The the insecurity

14:16

is real. It really I still am very fearful of being broke. I don't I don't wanna go back there. And now I know I'm getting to an Aatriq.

is real. It really I still am very fearful of being broke. I don't I don't wanna go back there. And now I know I'm getting to an Aatriq.

14:25

I I don't have that much time to make it back. So, no, the the insecurity

I I don't have that much time to make it back. So, no, the the insecurity

14:30

the insecurity is real. What helps is is that you have cash flow now. Like, a lot of startup people, you're poor, you're poor, you're poor, and then you're poor for seven years, then you maybe hopefully have an exit, then you get a windfall.

the insecurity is real. What helps is is that you have cash flow now. Like, a lot of startup people, you're poor, you're poor, you're poor, and then you're poor for seven years, then you maybe hopefully have an exit, then you get a windfall.

14:43

And then it feels good for a little while, and then you're like, but there's there's no more income.

And then it feels good for a little while, and then you're like, but there's there's no more income.

14:48

What changed for me because this podcast and Sean, this podcast has done well is and and a few other things that we have got going on on in our life. We actually have

What changed for me because this podcast and Sean, this podcast has done well is and and a few other things that we have got going on on in our life. We actually have

14:57

regular Yeah. Really great cash flow. You have the same. That has made me feel better. It's like getting checks every month and, like, seeing the balance go up on a consistent basis. The cash flow, like, there's a difference between entrepreneurs I've found between who sell and just make windfalls versus who have a business that they fully own and they're able to take out income every quarter or or every year.

regular Yeah. Really great cash flow. You have the same. That has made me feel better. It's like getting checks every month and, like, seeing the balance go up on a consistent basis. The cash flow, like, there's a difference between entrepreneurs I've found between who sell and just make windfalls versus who have a business that they fully own and they're able to take out income every quarter or or every year.

15:18

And having that cash flow definitely makes me feel better. Oh, no doubt. You always wanna be making money. And also it keeps you in shape.

And having that cash flow definitely makes me feel better. Oh, no doubt. You always wanna be making money. And also it keeps you in shape.

15:25

Be being

Be being

15:26

subject to trying to make as much money as you spend or ideally more at any age,

subject to trying to make as much money as you spend or ideally more at any age,

15:31

keeps you in the market. You have to you have to understand what the market values and doesn't value. It keeps you

keeps you in the market. You have to you have to understand what the market values and doesn't value. It keeps you

15:38

It's how I I I think it keeps me that an exercise keeps me is is hopefully gonna keep me sort of young. And that is

It's how I I I think it keeps me that an exercise keeps me is is hopefully gonna keep me sort of young. And that is

15:45

understanding how

understanding how

15:47

how to how to create something in the marketplace, whether it's a podcast

how to how to create something in the marketplace, whether it's a podcast

15:52

or a book or a talk for me, that people are willing to pay for

or a book or a talk for me, that people are willing to pay for

15:56

keeps me in the game. It keeps me in the ring. It keeps me in shape. So I think it's really important to

keeps me in the game. It keeps me in the ring. It keeps me in shape. So I think it's really important to

16:03

And also, you're right. It does if you let the end of the year know, okay. If my even if my investments are down twenty or thirty percent, which they were last year,

And also, you're right. It does if you let the end of the year know, okay. If my even if my investments are down twenty or thirty percent, which they were last year,

16:12

I'm still making, oh, you know, almost as much or more than I spend. That's that you do get huge comfort and peace from that.

I'm still making, oh, you know, almost as much or more than I spend. That's that you do get huge comfort and peace from that.

16:20

You know, one of the things we like to do on this podcast is,

You know, one of the things we like to do on this podcast is,

16:24

that's different than most, is that we we ask every guest who comes on about what they're seeing now. So, like, so far, we talked about the past, and most podcasts are just about your past. How'd you how'd you do it? But,

that's different than most, is that we we ask every guest who comes on about what they're seeing now. So, like, so far, we talked about the past, and most podcasts are just about your past. How'd you how'd you do it? But,

16:36

We like to talk about trends, opportunities, biz what what business would you be starting or or do you see as something people could start now? Right? Like, if you go on if you go on hot ones,

We like to talk about trends, opportunities, biz what what business would you be starting or or do you see as something people could start now? Right? Like, if you go on if you go on hot ones,

16:45

You eat hot wings. If you come on MFM, you talk about ideas and opportunities. That's sort of the shtick.

You eat hot wings. If you come on MFM, you talk about ideas and opportunities. That's sort of the shtick.

16:51

In fact, we almost canceled this podcast because we didn't know if you were prepped and ready with that But Sam said, no. No. No. He's gonna be he's good. He's good off the cuff. He'll be ready.

In fact, we almost canceled this podcast because we didn't know if you were prepped and ready with that But Sam said, no. No. No. He's gonna be he's good. He's good off the cuff. He'll be ready.

17:00

What opportunities or ideas do you see today? That either, you know, you're tempted to do or you say, no, I'm out of the game, but if I was twenty five again, this is what I would be running at. This is what I would be working on

What opportunities or ideas do you see today? That either, you know, you're tempted to do or you say, no, I'm out of the game, but if I was twenty five again, this is what I would be running at. This is what I would be working on

17:12

This is a problem that I think somebody could go solve. What do you see out there today?

This is a problem that I think somebody could go solve. What do you see out there today?

17:17

So first off, a lot of it is situational.

So first off, a lot of it is situational.

17:20

Right? Someone coming out of someone with a degree from an elite university who has the abilities, parents will support them

Right? Someone coming out of someone with a degree from an elite university who has the abilities, parents will support them

17:27

and doesn't have a high burn or maybe a partner that works

and doesn't have a high burn or maybe a partner that works

17:31

You know, it's just a lot of it situational. I I don't like it. I've never liked this hustle culture where people say go offer to

You know, it's just a lot of it situational. I I don't like it. I've never liked this hustle culture where people say go offer to

17:38

carry Jeff Bezos bags or have coffee. Cause some if you're a single mother, that's just not an option for you. So some of it's situational. So I'll go through a few situations. If I'm a young man or woman,

carry Jeff Bezos bags or have coffee. Cause some if you're a single mother, that's just not an option for you. So some of it's situational. So I'll go through a few situations. If I'm a young man or woman,

17:49

and I haven't had the opportunity to get credentialed, I don't have a traditional four year college degree.

and I haven't had the opportunity to get credentialed, I don't have a traditional four year college degree.

17:54

Much less a college degree from elite institution.

Much less a college degree from elite institution.

17:57

I think there are gonna be a lot of businesses, whether it's carpet cleaning or gas stations or

I think there are gonna be a lot of businesses, whether it's carpet cleaning or gas stations or

18:04

you know, hanging and selling draperies into small

you know, hanging and selling draperies into small

18:08

furniture companies that are owned by boomers they're gonna need,

furniture companies that are owned by boomers they're gonna need,

18:12

transition. Nice small businesses,

transition. Nice small businesses,

18:15

and these individuals will need liquidity events

and these individuals will need liquidity events

18:18

that they're just aging out of the business. They don't, you know, they're hitting their sixties and seventies, and they don't wanna be calling on.

that they're just aging out of the business. They don't, you know, they're hitting their sixties and seventies, and they don't wanna be calling on.

18:25

Car washes to sell in,

Car washes to sell in,

18:27

you know, their product or whatever it is. And

you know, their product or whatever it is. And

18:30

these are businesses doing between half a million and ten million a year. That have no succession strategy.

these are businesses doing between half a million and ten million a year. That have no succession strategy.

18:36

Because if they made money, their kids don't wanna be in this type of business because their kid went to

Because if they made money, their kids don't wanna be in this type of business because their kid went to

18:42

emory and wants to go to work at Google.

emory and wants to go to work at Google.

18:44

And I would try and find be really scrappy about getting into a business, understanding it, trying to find people who own it, and figure out a way to buy it using that person's capital.

And I would try and find be really scrappy about getting into a business, understanding it, trying to find people who own it, and figure out a way to buy it using that person's capital.

18:55

Approach somebody and say, I wanna take over your business. I'm gonna buy it slowly over five years, and then I'm gonna give you coupons you can retire.

Approach somebody and say, I wanna take over your business. I'm gonna buy it slowly over five years, and then I'm gonna give you coupons you can retire.

19:02

If I'm a credentialed person, if I have a degree, I'm fortunate enough, I would go to work for a big platform. I think we live in an era

If I'm a credentialed person, if I have a degree, I'm fortunate enough, I would go to work for a big platform. I think we live in an era

19:11

of of where antitrust is no longer in effect. So the big companies, if you were to divide the stock market into deciles,

of of where antitrust is no longer in effect. So the big companies, if you were to divide the stock market into deciles,

19:18

the ten, the companies with the largest market cap over the last thirty years of outperform, the bottom nine, by huge factor.

the ten, the companies with the largest market cap over the last thirty years of outperform, the bottom nine, by huge factor.

19:25

So going to work for a big company is vastly underrated. They can abuse their monopoly position.

So going to work for a big company is vastly underrated. They can abuse their monopoly position.

19:30

They will have that mold re removed you will get rich slowly working at Google or at McKinsey. So if you're credentialed,

They will have that mold re removed you will get rich slowly working at Google or at McKinsey. So if you're credentialed,

19:38

you know, we over romanticize entrepreneurship, If you have the ability to get into the greatest wealth creating vehicle in history and that is the US corporation,

you know, we over romanticize entrepreneurship, If you have the ability to get into the greatest wealth creating vehicle in history and that is the US corporation,

19:46

do it. But they have security at the front saying, do you have a degree from an elite college? But if you do,

do it. But they have security at the front saying, do you have a degree from an elite college? But if you do,

19:53

absolutely go to work for a big multinational

absolutely go to work for a big multinational

19:55

conglomerate.

conglomerate.

19:56

If you're an entrepreneur,

If you're an entrepreneur,

19:58

I think that, and credentialed and can raise money. I would say that the intersection

I think that, and credentialed and can raise money. I would say that the intersection

20:03

between AI

between AI

20:05

and health care. The most susceptible business in the world is US health care, three and a half to four trillion dollars. Four out of fee five people aren't happy with it. It's

and health care. The most susceptible business in the world is US health care, three and a half to four trillion dollars. Four out of fee five people aren't happy with it. It's

20:14

cost of outpaced inflation for the last forty years, meaning it's got the biggest chin in the world, and I think the fist of stone coming for it.

cost of outpaced inflation for the last forty years, meaning it's got the biggest chin in the world, and I think the fist of stone coming for it.

20:22

Are,

Are,

20:23

is artificial intelligence where we can take health care from a defensive based industry

is artificial intelligence where we can take health care from a defensive based industry

20:27

to offensive. I give my grocery receipts,

to offensive. I give my grocery receipts,

20:31

my workout routine, my health care records,

my workout routine, my health care records,

20:35

my sleep patterns to a company that figures it all out, and then gives me

my sleep patterns to a company that figures it all out, and then gives me

20:40

prescripted

prescripted

20:42

goes on offense,

goes on offense,

20:43

proactive

proactive

20:44

lifestyle,

lifestyle,

20:45

grocery,

grocery,

20:46

and exercise

and exercise

20:48

recommendations. And I think there's just gonna be ton of niche businesses and health care that leverage some form of

recommendations. And I think there's just gonna be ton of niche businesses and health care that leverage some form of

20:55

AI. Are there any out there that you like Yeah. I'm an investor in a company

AI. Are there any out there that you like Yeah. I'm an investor in a company

20:59

called ninety eight point six. It does text based health care. It's a private company. So

called ninety eight point six. It does text based health care. It's a private company. So

21:05

We sell into b to b a big, you know, Sam's, and Sam's offers for three dollars a month, every employee, or we charge them through Bexima,

We sell into b to b a big, you know, Sam's, and Sam's offers for three dollars a month, every employee, or we charge them through Bexima,

21:12

inability to text

inability to text

21:14

somebody, and then AI says, okay. That's it's a it's a rash. We're getting a dermatologist on the line. They look at the rash using your smartphone and say, This is fine. I'm sending you a cream

somebody, and then AI says, okay. That's it's a it's a rash. We're getting a dermatologist on the line. They look at the rash using your smartphone and say, This is fine. I'm sending you a cream

21:24

hip, you know, and or we this needs a prescription. We're hitting the pharmacy.

hip, you know, and or we this needs a prescription. We're hitting the pharmacy.

21:28

And by the way, that bad investment, I've written down by eighty percent. It's been really hard.

And by the way, that bad investment, I've written down by eighty percent. It's been really hard.

21:34

I've lost money so far on that. So I don't wanna pretend that this is all easy, but I would say if I were young,

I've lost money so far on that. So I don't wanna pretend that this is all easy, but I would say if I were young,

21:39

and had intellectual capital credentialing, I would go into

and had intellectual capital credentialing, I would go into

21:42

something around AI and health care. And then Man, well, like, that shocks me that you said that say that because when I look at I've done a few healthcare things, and I look at, like, the landscape. It seems like impossible to, like, it just seems there seems like there's a shit ton of regulation figuring out insurance companies seems like the hardest thing there is,

something around AI and health care. And then Man, well, like, that shocks me that you said that say that because when I look at I've done a few healthcare things, and I look at, like, the landscape. It seems like impossible to, like, it just seems there seems like there's a shit ton of regulation figuring out insurance companies seems like the hardest thing there is,

22:01

and even though everyone is frustrated about their setup, this seems like a, like a very challenging

and even though everyone is frustrated about their setup, this seems like a, like a very challenging

22:07

space to crack into. And of course, there's there's huge rewards if you can pull it off, but

space to crack into. And of course, there's there's huge rewards if you can pull it off, but

22:14

it seems very, very challenging.

it seems very, very challenging.

22:17

I I just look at this I look at this category and how much money is in this category.

I I just look at this I look at this category and how much money is in this category.

22:22

And,

And,

22:24

it's gonna happen. It's just there's never been a business. There's never been a carcass

it's gonna happen. It's just there's never been a business. There's never been a carcass

22:29

so tempting, so bloated,

so tempting, so bloated,

22:31

swimming so slowly.

swimming so slowly.

22:33

As US based health care. We spent thirteen thousand dollars per person, but we die earlier, and we're obese, and we're more depressed.

As US based health care. We spent thirteen thousand dollars per person, but we die earlier, and we're obese, and we're more depressed.

22:40

The UK spends six and a half thousand. How can the UK and Australia be living longer and spending half

The UK spends six and a half thousand. How can the UK and Australia be living longer and spending half

22:46

what we in the US spend on health care? That's just the mother of all chins.

what we in the US spend on health care? That's just the mother of all chins.

22:51

This there's gonna be disruption there, and I'd wanna get in the way of that. The other thing I'm really excited about, and I think is the most underhyped

This there's gonna be disruption there, and I'd wanna get in the way of that. The other thing I'm really excited about, and I think is the most underhyped

22:59

I just did a blog post on this. I think GLP one is bigger than GPT four. What's GLP one? Ozampac Wagovio. Oh,

I just did a blog post on this. I think GLP one is bigger than GPT four. What's GLP one? Ozampac Wagovio. Oh,

23:08

yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Which I I've I've tested semi blue tied a ton. It's amazing.

yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Which I I've I've tested semi blue tied a ton. It's amazing.

23:14

Like, I think there's, like, so many crazy implications on what it could do. Like, I think I think it could I've I've been saying this. I don't know shit, by the way. Other than I tested it, and I had drinking problems in the past. I think it could, like, help solve alcoholism. I think there's so many crazy things. There was this guy on Twitter,

Like, I think there's, like, so many crazy implications on what it could do. Like, I think I think it could I've I've been saying this. I don't know shit, by the way. Other than I tested it, and I had drinking problems in the past. I think it could, like, help solve alcoholism. I think there's so many crazy things. There was this guy on Twitter,

23:30

our buddy from, CB Insights was like,

our buddy from, CB Insights was like,

23:33

what did he say? Did he say that,

what did he say? Did he say that,

23:36

food companies are gonna lose money because people are eating less And he said airline companies are gonna make more money because people weigh less. He's like, that's how big of a deal these drugs are. I was starting a hedge fund right now.

food companies are gonna lose money because people are eating less And he said airline companies are gonna make more money because people weigh less. He's like, that's how big of a deal these drugs are. I was starting a hedge fund right now.

23:46

I would have a fund that did nothing but go short. Food stocks, McDonald's.

I would have a fund that did nothing but go short. Food stocks, McDonald's.

23:51

Nobody walks into Arby's and looks around and thinks. This was a good decision. No one ever thinks that.

Nobody walks into Arby's and looks around and thinks. This was a good decision. No one ever thinks that.

23:57

And if all of a sudden,

And if all of a sudden,

23:59

I could get an objection or take a pill every week that helped me make better decisions.

I could get an objection or take a pill every week that helped me make better decisions.

24:04

Our instincts have not cut up to the institutional production of our economy.

Our instincts have not cut up to the institutional production of our economy.

24:09

We drink too much. We eat any anytime we're near salt,

We drink too much. We eat any anytime we're near salt,

24:13

fat,

fat,

24:14

or sugar, we gorge.

or sugar, we gorge.

24:16

Because for ninety nine again, ninety nine percent of our species history, we couldn't find these things.

Because for ninety nine again, ninety nine percent of our species history, we couldn't find these things.

24:21

When

When

24:23

mating the the majority of men have had almost no mating opportunities through history. A small minority of men have had all the mating opportunities. And then you're presented with a reasonable facsimile of sex called porn.

mating the the majority of men have had almost no mating opportunities through history. A small minority of men have had all the mating opportunities. And then you're presented with a reasonable facsimile of sex called porn.

24:34

And there's a there's a decent segment of men out there who aren't working, aren't getting out of the house because they're staying home and watching too much porn, and they're also not engaging in relationships.

And there's a there's a decent segment of men out there who aren't working, aren't getting out of the house because they're staying home and watching too much porn, and they're also not engaging in relationships.

24:45

We drink too much.

We drink too much.

24:47

I'm addicted to other people's affirmation.

I'm addicted to other people's affirmation.

24:49

My kid is on Snap too much.

My kid is on Snap too much.

24:52

This could be scaffolding. I mean, The weight loss thing is arguably the biggest addressable market in the world. Forty percent of America is obese, seventy percent is obese and overweight,

This could be scaffolding. I mean, The weight loss thing is arguably the biggest addressable market in the world. Forty percent of America is obese, seventy percent is obese and overweight,

25:01

but even bigger than that. This could be the scaffolding on our instincts

but even bigger than that. This could be the scaffolding on our instincts

25:05

to update our instincts to where they need to be within the industrial production

to update our instincts to where they need to be within the industrial production

25:10

that has gone exponential

that has gone exponential

25:12

in the last hundred, hundred and fifty years with assembly line technology in the microprocessor

in the last hundred, hundred and fifty years with assembly line technology in the microprocessor

25:18

and say, okay, Scott.

and say, okay, Scott.

25:19

You like THC too much. You like alcohol way too much. You're too desperate for other people's affirmation and what people say about you on Twitter bumps you out way too much.

You like THC too much. You like alcohol way too much. You're too desperate for other people's affirmation and what people say about you on Twitter bumps you out way too much.

25:28

We're gonna calibrate

We're gonna calibrate

25:30

these GLP one drugs to help you

these GLP one drugs to help you

25:33

moderate your cravings. I mean, what these things do is they moderate your cravings

moderate your cravings. I mean, what these things do is they moderate your cravings

25:38

When your cravings are getting the incorrect signals

When your cravings are getting the incorrect signals

25:41

from three hundred thousand years of instinct on on the savannah,

from three hundred thousand years of instinct on on the savannah,

25:46

And everybody

And everybody

25:47

I mean, they're finding out they're finding out people on Ozempic

I mean, they're finding out they're finding out people on Ozempic

25:51

drink sixty percent less alcohol.

drink sixty percent less alcohol.

25:54

They're biting their nails less.

They're biting their nails less.

25:57

So the opportunity

So the opportunity

25:59

to update our instincts for the entire I mean, the market I

to update our instincts for the entire I mean, the market I

26:04

I'm just, like, I'm blown away by this thing. I think it could be just

I'm just, like, I'm blown away by this thing. I think it could be just

26:09

enormous.

enormous.

26:10

And

And

26:11

There isn't anybody that doesn't have that has instincts

There isn't anybody that doesn't have that has instincts

26:15

that that has a behavioral model that is

that that has a behavioral model that is

26:18

that is driven by instinct that is caught up to our world. I don't care who you are.

that is driven by instinct that is caught up to our world. I don't care who you are.

26:23

Have you tried it? I haven't, but as you can tell, I'm ready.

Have you tried it? I haven't, but as you can tell, I'm ready.

26:27

Yeah. Jeez. I feel like you just injected me digitally just now with that was amazing.

Yeah. Jeez. I feel like you just injected me digitally just now with that was amazing.

26:33

You know how much it costs a month? It's about a thousand bucks a month. Right? It it's between five hundred thousand dollars a month. When I was trying it, it was five hundred a month out of pocket. Most insurance companies, and and I think if you have diabetes,

You know how much it costs a month? It's about a thousand bucks a month. Right? It it's between five hundred thousand dollars a month. When I was trying it, it was five hundred a month out of pocket. Most insurance companies, and and I think if you have diabetes,

26:45

they actually only cover it, I think, for a limited time, but most people using it now are are just paying five hundred to a thousand dollars a month. And here's the crazy shit about this drug.

they actually only cover it, I think, for a limited time, but most people using it now are are just paying five hundred to a thousand dollars a month. And here's the crazy shit about this drug.

26:55

You have to increase your dosage every week. So you start with a very small amount and every two weeks or so, you have to increase it. Like, forever?

You have to increase your dosage every week. So you start with a very small amount and every two weeks or so, you have to increase it. Like, forever?

27:04

Well, I I don't know forever, but over a course of at least a year, you have to so the like, when I first started taking it, I would I would test out just a little bit, and it would make me a little bit sick to my stomach. You know, the the downside of there's a few downsides. One is upset stomach. And then after about three weeks, I'm like, alright. I feel great. Let's let's increase it. And then now at the end of,

Well, I I don't know forever, but over a course of at least a year, you have to so the like, when I first started taking it, I would I would test out just a little bit, and it would make me a little bit sick to my stomach. You know, the the downside of there's a few downsides. One is upset stomach. And then after about three weeks, I'm like, alright. I feel great. Let's let's increase it. And then now at the end of,

27:23

six months, you're taking ten times. You're you're basically on a syringe, you gotta fill a thing up to a hundred. At first, you fill it up to ten. And over a year, you have to increase and so you have to pay more and more money. What could go wrong?

six months, you're taking ten times. You're you're basically on a syringe, you gotta fill a thing up to a hundred. At first, you fill it up to ten. And over a year, you have to increase and so you have to pay more and more money. What could go wrong?

27:36

There's a lot of things that can go wrong with that. I I like, I I've I've tested it. One downside is I actually don't know if you develop healthy eating habits, you just eat less. And you lose muscle. You lose muscle. There there are definitely downsides to it. It it's not a terribly new drug. Like, I think that these types of things have been around for, like, thirty years. So there's some studies, but, like, the as it's being prescribed now, it's definitely new ish. So there are definitely gonna be downsides, but it's super promising. Another one is, metformin, which isn't in the same,

There's a lot of things that can go wrong with that. I I like, I I've I've tested it. One downside is I actually don't know if you develop healthy eating habits, you just eat less. And you lose muscle. You lose muscle. There there are definitely downsides to it. It it's not a terribly new drug. Like, I think that these types of things have been around for, like, thirty years. So there's some studies, but, like, the as it's being prescribed now, it's definitely new ish. So there are definitely gonna be downsides, but it's super promising. Another one is, metformin, which isn't in the same,

28:05

which isn't in the same category entirely, but it does similar things. That's super interesting. I always think it's interesting when people like Sam Altman, like these geniuses

which isn't in the same category entirely, but it does similar things. That's super interesting. I always think it's interesting when people like Sam Altman, like these geniuses

28:14

who, like, see everything take it. And he's been, like, this is the drug I take. I take metformin all the time. That's super fascinating. So I agree. I think I think these this classification of drugs is is quite interesting. I mean, I was even thinking I'm trying to figure out the second order effects here. And

who, like, see everything take it. And he's been, like, this is the drug I take. I take metformin all the time. That's super fascinating. So I agree. I think I think these this classification of drugs is is quite interesting. I mean, I was even thinking I'm trying to figure out the second order effects here. And

28:28

Like does Moderna stock go down eighty percent? Because the reality is

Like does Moderna stock go down eighty percent? Because the reality is

28:32

see the pandemic.

see the pandemic.

28:33

We the far right weaponized and politicized masks and vaccines and decided, well, if you take them, it means you're far left. So if you're far right, you don't wanna take these things. On the far left,

We the far right weaponized and politicized masks and vaccines and decided, well, if you take them, it means you're far left. So if you're far right, you don't wanna take these things. On the far left,

28:43

we weaponized and politicized

we weaponized and politicized

28:45

obesity. We didn't want to acknowledge that eighty eight percent of mortalities had one comorbidity

obesity. We didn't want to acknowledge that eighty eight percent of mortalities had one comorbidity

28:51

at least,

at least,

28:52

there was obesity related.

there was obesity related.

28:54

And we started with this trope of, oh, you're not obese. You're finding your truth. No. You're not. You're finding diabetes. There's nothing to celebrate here.

And we started with this trope of, oh, you're not obese. You're finding your truth. No. You're not. You're finding diabetes. There's nothing to celebrate here.

29:02

And so we decided we didn't wanna have an open conversation about the fact that America

And so we decided we didn't wanna have an open conversation about the fact that America

29:08

is obese.

is obese.

29:09

Forty percent of them. The kids, you're you're more likely to commit suicide, obesity

Forty percent of them. The kids, you're you're more likely to commit suicide, obesity

29:14

in children.

in children.

29:15

It's terrible. You're much more likely to be depressed as an adult, not go to college and become more likely to kill yourself.

It's terrible. You're much more likely to be depressed as an adult, not go to college and become more likely to kill yourself.

29:23

I mean, so

I mean, so

29:25

what happens to Moderna Stock?

what happens to Moderna Stock?

29:27

If all of a sudden, we drastically

If all of a sudden, we drastically

29:30

reduce if you drastically reduce

reduce if you drastically reduce

29:32

obesity

obesity

29:33

in America, you drastically reduce the vulnerability of the population to a

in America, you drastically reduce the vulnerability of the population to a

29:40

coronavirus.

coronavirus.

29:41

So do you need Moderna?

So do you need Moderna?

29:43

I mean, at at some point, the reality is that twenty five year olds is thin.

I mean, at at some point, the reality is that twenty five year olds is thin.

29:47

Yeah. You get vaccinated for a variety of reasons, but it's not. It it it at some point, it becomes less obvious whether you need these vaccines.

Yeah. You get vaccinated for a variety of reasons, but it's not. It it it at some point, it becomes less obvious whether you need these vaccines.

29:55

When the society is healthy and not obese. I I mean, I'm just kinda blown to hospital networks. Entire hospital networks could go out of business. If they're really honest,

When the society is healthy and not obese. I I mean, I'm just kinda blown to hospital networks. Entire hospital networks could go out of business. If they're really honest,

30:05

The Milcon Institute that obesity related costs are one point seven trillion dollars a year. When you look at everything from knee replacements,

The Milcon Institute that obesity related costs are one point seven trillion dollars a year. When you look at everything from knee replacements,

30:14

to cardiac, to cancers that are obesity related. We're looking at one point seven trillion dollars a year. That's seven percent of our economy.

to cardiac, to cancers that are obesity related. We're looking at one point seven trillion dollars a year. That's seven percent of our economy.

30:21

So what happens when the entire economy gets a cost cut of seven percent?

So what happens when the entire economy gets a cost cut of seven percent?

30:25

So I I'd wanna get kinda near

So I I'd wanna get kinda near

30:29

This technology I think this technology

This technology I think this technology

30:31

is going to have a bigger impact on a real economy

is going to have a bigger impact on a real economy

30:35

than AI. I think AI, we've kinda hit peak AI. I love it. I use it a lot,

than AI. I think AI, we've kinda hit peak AI. I love it. I use it a lot,

30:40

but it's a little bit overhyped right now. We're definitely kind of, I would say, I think about a month ago, we hit peak AI in terms of, from an investor standpoint. I would not wanna be buying into

but it's a little bit overhyped right now. We're definitely kind of, I would say, I think about a month ago, we hit peak AI in terms of, from an investor standpoint. I would not wanna be buying into

30:50

AI companies right now. As an entrepreneur, I'd wanna be raising money AI company.

AI companies right now. As an entrepreneur, I'd wanna be raising money AI company.

30:55

But I anyways, you asked me what I was excited about. Trying to find a baby boomer that wants to sell a small business and do seller financing.

But I anyways, you asked me what I was excited about. Trying to find a baby boomer that wants to sell a small business and do seller financing.

31:03

If you're have certification,

If you're have certification,

31:05

you're fortunate enough for whatever reason you either have rich parents or you're freakishly remarkable and you ended up at Dartmouth.

you're fortunate enough for whatever reason you either have rich parents or you're freakishly remarkable and you ended up at Dartmouth.

31:10

Go to work for a big American company.

Go to work for a big American company.

31:13

We are they're amazing. You'll get rich slowly. Smart people.

We are they're amazing. You'll get rich slowly. Smart people.

31:18

Great place to meet mentors, great place to meet mates.

Great place to meet mentors, great place to meet mates.

31:21

You just just

You just just

31:23

these companies are totally underrated in terms of their power and what they can do for you professionally and economically.

these companies are totally underrated in terms of their power and what they can do for you professionally and economically.

31:28

If you're an entrepreneur, something around health care and AI, and I think from an investment standpoint,

If you're an entrepreneur, something around health care and AI, and I think from an investment standpoint,

31:34

I just wanna be near I'm very excited about GLP one as an emerging technology.

I just wanna be near I'm very excited about GLP one as an emerging technology.

31:38

We need to get you to start taking it. So we can just Well, have

We need to get you to start taking it. So we can just Well, have

31:42

Have you not taken it because you're afraid of the side effects or have you not taken it because you're like, I'm already cut. I don't need this.

Have you not taken it because you're afraid of the side effects or have you not taken it because you're like, I'm already cut. I don't need this.

31:49

Oh, no. I'd like like, I think I I don't know this, but who who GLP one should be,

Oh, no. I'd like like, I think I I don't know this, but who who GLP one should be,

31:56

who who it should reach right now is poor middle income households that are obese. That's where the greatest societal benefit would be right now.

who who it should reach right now is poor middle income households that are obese. That's where the greatest societal benefit would be right now.

32:03

Who I think is probably driving the sales rich people who wanna lose the last ten or twenty pounds. Right. That's my gut. My gut is that the people taking it right now. That's the Hollywood drugs. Hundred percent.

Who I think is probably driving the sales rich people who wanna lose the last ten or twenty pounds. Right. That's my gut. My gut is that the people taking it right now. That's the Hollywood drugs. Hundred percent.

32:14

Dude, I went to I went to CBS the other day. I had to get, like, the whooping cough vaccine,

Dude, I went to I went to CBS the other day. I had to get, like, the whooping cough vaccine,

32:18

and I went to CBS, and I had to wait for an hour to get the vaccine.

and I went to CBS, and I had to wait for an hour to get the vaccine.

32:23

Five people were in line. I the fucking worst thing about CVS and Walgreens is they say out loud. Oh, are you here to pick up your Sibalta?

Five people were in line. I the fucking worst thing about CVS and Walgreens is they say out loud. Oh, are you here to pick up your Sibalta?

32:31

Like, they say it, like, really loud.

Like, they say it, like, really loud.

32:33

Like,

Like,

32:34

and I'm like, what the fuck? Five people had lied, and it was all older people who looked like they had diabetes, five people, they were like, oh, are you here for the ozempic? And, like, they say what the pricing is and they go, alright. I'll pay it. And and and these people, it it was like the white new balance crowd. It wasn't like a, like, you know,

and I'm like, what the fuck? Five people had lied, and it was all older people who looked like they had diabetes, five people, they were like, oh, are you here for the ozempic? And, like, they say what the pricing is and they go, alright. I'll pay it. And and and these people, it it was like the white new balance crowd. It wasn't like a, like, you know,

32:53

it it was a wrangler jeans crowd. This wasn't like a, like, a high they they didn't I didn't stereotype these people as, like, yuppies, and they were swiping their card. Just one bop and yell. Chlamydia? Oh, wait. You said something else.

it it was a wrangler jeans crowd. This wasn't like a, like, a high they they didn't I didn't stereotype these people as, like, yuppies, and they were swiping their card. Just one bop and yell. Chlamydia? Oh, wait. You said something else.

33:07

I hate that amount. The pharmacies is what they say. I'm like, can you

I hate that amount. The pharmacies is what they say. I'm like, can you

33:11

shut the fuck up? Scott, this could be your philanthropy thing. You should you be giving away GLP one to the to the asses. That could be your moment. That nobody's on that train. So,

shut the fuck up? Scott, this could be your philanthropy thing. You should you be giving away GLP one to the to the asses. That could be your moment. That nobody's on that train. So,

33:21

you inspired this thought. Like, when I was nineteen, I I had terrible

you inspired this thought. Like, when I was nineteen, I I had terrible

33:25

I had terrible acne growing up, and it was a real source of it, enormous insecurity for me. And I was painfully thin I looked like Ikabod Crane with BadScan,

I had terrible acne growing up, and it was a real source of it, enormous insecurity for me. And I was painfully thin I looked like Ikabod Crane with BadScan,

33:35

and it was just really,

and it was just really,

33:37

really painful.

really painful.

33:39

And I was starting to get scars on my face because my acne was so bad, and I started taking taking accutane. And it was about the time I made the crew team at UCLA,

And I was starting to get scars on my face because my acne was so bad, and I started taking taking accutane. And it was about the time I made the crew team at UCLA,

33:48

And I put on a bunch of weight and a bunch of muscle, and my skin cleared up, and it literally changed my life. It just changed my life.

And I put on a bunch of weight and a bunch of muscle, and my skin cleared up, and it literally changed my life. It just changed my life.

33:56

And not only because

And not only because

33:58

you know, I was people were more attracted to me, and I started having sex, which was a wonderful thing in my life. But I just felt so much better about myself. And still to the stay, and it's probably inappropriate.

you know, I was people were more attracted to me, and I started having sex, which was a wonderful thing in my life. But I just felt so much better about myself. And still to the stay, and it's probably inappropriate.

34:09

I was at a gas station, and the gas attendant had just terrible acne. And I'm like,

I was at a gas station, and the gas attendant had just terrible acne. And I'm like,

34:13

take this as you want. I don't mean to offend you, but if you heard, you know, there's there's there's there's great drugs,

take this as you want. I don't mean to offend you, but if you heard, you know, there's there's there's there's great drugs,

34:19

for this. So I'm out there basically trying to prescribe as not as an unlicensed doctor.

for this. So I'm out there basically trying to prescribe as not as an unlicensed doctor.

34:27

I don't know what made me think of that, but, this drug, that drug literally, I I found the guy who invented it this guy who sold the patent to Hoffman La Roche, and I tried to write him a letter, and they're like, well, he's dead, but we appreciate the letter.

I don't know what made me think of that, but, this drug, that drug literally, I I found the guy who invented it this guy who sold the patent to Hoffman La Roche, and I tried to write him a letter, and they're like, well, he's dead, but we appreciate the letter.

34:40

Anyways,

Anyways,

34:41

anyways,

anyways,

34:43

But, no, I haven't taken it. I haven't taken it. I do take I do take

But, no, I haven't taken it. I haven't taken it. I do take I do take

34:48

creatine.

creatine.

34:49

I struggle with no one's gonna feel bad about this. I struggle with keeping weight on.

I struggle with no one's gonna feel bad about this. I struggle with keeping weight on.

34:53

Creating's all the right for you. Said,

Creating's all the right for you. Said,

34:56

I've made a bunch of money and I just don't feel good. And,

I've made a bunch of money and I just don't feel good. And,

34:59

god. It's hard for me to to put weight on. I just keep losing it. So you're two for two on, on unlikable hate Yeah. Try me a river boss. Yeah. I mean, a river.

god. It's hard for me to to put weight on. I just keep losing it. So you're two for two on, on unlikable hate Yeah. Try me a river boss. Yeah. I mean, a river.

35:10

Yeah. I'm too rich and too thin.

Yeah. I'm too rich and too thin.

35:14

Yeah. Professor punchable.

Yeah. Professor punchable.

35:18

I hate that guy.

I hate that guy.

35:19

Well, you you get a lot of punches. There's the for the, what's it called? The inverse,

Well, you you get a lot of punches. There's the for the, what's it called? The inverse,

35:24

the the inverse Inverse Galloway index. Inverse Galloway index. What do you think about that? That's pretty good. I I like that. Yeah. And the craziest call was the Macy's the Macy's call. That was a Well, I'm gonna I'm gonna apologize in advance, but I'm gonna sound defensive. The Macy's call was I said that multi channel I said that about ten years ago in Germany at a talk.

the the inverse Inverse Galloway index. Inverse Galloway index. What do you think about that? That's pretty good. I I like that. Yeah. And the craziest call was the Macy's the Macy's call. That was a Well, I'm gonna I'm gonna apologize in advance, but I'm gonna sound defensive. The Macy's call was I said that multi channel I said that about ten years ago in Germany at a talk.

35:43

And I said that multi channel retail was the future of marketing, and that Macy's who had a great way site and stores. I said that was the future. And in the same talk,

And I said that multi channel retail was the future of marketing, and that Macy's who had a great way site and stores. I said that was the future. And in the same talk,

35:54

I said, I believe Amazon will buy stores. And I said, I think Amazon will buy high whole foods.

I said, I believe Amazon will buy stores. And I said, I think Amazon will buy high whole foods.

36:01

But my detractors don't take that clip.

But my detractors don't take that clip.

36:04

They take the clip when I said the future looks more like Macy's.

They take the clip when I said the future looks more like Macy's.

36:07

The anti Galloway ETF or index,

The anti Galloway ETF or index,

36:11

it's a bit cherry picked because

it's a bit cherry picked because

36:14

I know my picks,

I know my picks,

36:15

and they've actually done pretty well.

and they've actually done pretty well.

36:18

But,

But,

36:19

the reality is The gal the the index says since October fourth two thousand nineteen, tech companies that the professor has predicted would fail have outperformed the S and P and seen a whopping sixty one percent return, even excluding Tesla. Was that published? I don't know. Because,

the reality is The gal the the index says since October fourth two thousand nineteen, tech companies that the professor has predicted would fail have outperformed the S and P and seen a whopping sixty one percent return, even excluding Tesla. Was that published? I don't know. Because,

36:37

I think I Oh, one, I picked I picked some companies that would lose that

I think I Oh, one, I picked I picked some companies that would lose that

36:42

skyrocketed

skyrocketed

36:43

specifically Tesla

specifically Tesla

36:45

but I think someone who tracks it as of last year, the end of last year, because a lot of those stocks got hammered.

but I think someone who tracks it as of last year, the end of last year, because a lot of those stocks got hammered.

36:53

It was it was it was up again. But I wanna be clear. I get I get it wrong all the time, and someone who makes predictions like me should be

It was it was it was up again. But I wanna be clear. I get I get it wrong all the time, and someone who makes predictions like me should be

37:01

held accountable. What I find though is that the in people stop tracking the index

held accountable. What I find though is that the in people stop tracking the index

37:07

when it's there's no longer a story there when

when it's there's no longer a story there when

37:10

I mean, this is what I have found.

I mean, this is what I have found.

37:14

When I talk about when I say that I think that Tesla is overvalued,

When I talk about when I say that I think that Tesla is overvalued,

37:19

You're right. Last updated,

You're right. Last updated,

37:21

on one of these. The inverse gallery index dot com. Last updated two twenty eight twenty twenty two, which is I no one's interested because the narrative

on one of these. The inverse gallery index dot com. Last updated two twenty eight twenty twenty two, which is I no one's interested because the narrative

37:29

started to turn.

started to turn.

37:30

Yeah. Because quite frankly, the index is probably over performing right now.

Yeah. Because quite frankly, the index is probably over performing right now.

37:35

And no one's interested in that because the people who invented the index, what I find generally, especially on Twitter,

And no one's interested in that because the people who invented the index, what I find generally, especially on Twitter,

37:40

is when I

is when I

37:42

and disparaging about a company or cryptocurrency,

and disparaging about a company or cryptocurrency,

37:45

the people who are along that start engaging in not only professional

the people who are along that start engaging in not only professional

37:50

assassination, but character assassination. Whenever someone really comes after me, I'm like, they must be an investor and one of the companies I have been critical of.

assassination, but character assassination. Whenever someone really comes after me, I'm like, they must be an investor and one of the companies I have been critical of.

37:59

I would say don't never get in between a venture capitalist and their second million

I would say don't never get in between a venture capitalist and their second million

38:04

because they will take to Twitter and call you a plagiarist

because they will take to Twitter and call you a plagiarist

38:07

or accuse you of having done terrible things at NYU, which you've never ever been accused of, much less.

or accuse you of having done terrible things at NYU, which you've never ever been accused of, much less.

38:13

People have people have found you guilty of, What what have they accused you of? I'm not even gonna go there. I've been accused of everything. Like behavior stuff or just getting,

People have people have found you guilty of, What what have they accused you of? I'm not even gonna go there. I've been accused of everything. Like behavior stuff or just getting,

38:22

pics wrong. Oh, I know. It gets really ugly. And then you click on the Twitter account. It's a picture of a dog, and there's no it's an anonymous account.

pics wrong. Oh, I know. It gets really ugly. And then you click on the Twitter account. It's a picture of a dog, and there's no it's an anonymous account.

38:31

I think that there are venture capitalists who you know fairly well who when I'm when I'm saying this company, this cryptocurrency,

I think that there are venture capitalists who you know fairly well who when I'm when I'm saying this company, this cryptocurrency,

38:38

this coin, the underlying technology. There is no underlying technology, and they are funding it with their brand name, such that they can dump it because they don't have to disclose their sales.

this coin, the underlying technology. There is no underlying technology, and they are funding it with their brand name, such that they can dump it because they don't have to disclose their sales.

38:47

And they hire a PR agency that creates ten thousand bots and then creates a list of people who don't think come rocket is going to replace the dollar. Here, I've got a good shirt that you can wear for for when you're having those conversations. It does for versions. And I would say, yeah. No. It's for people. Yeah. That's right.

And they hire a PR agency that creates ten thousand bots and then creates a list of people who don't think come rocket is going to replace the dollar. Here, I've got a good shirt that you can wear for for when you're having those conversations. It does for versions. And I would say, yeah. No. It's for people. Yeah. That's right.

39:03

It it means he never kissed a girl.

It it means he never kissed a girl.

39:07

Anyways,

Anyways,

39:08

but what I have found is And I wasn't used to getting attacked like that. And every time I tried to, you know, I I hired a firm to unmask some of the people who were attacking me. It was clearly like the same language. I'm like they're using fake accounts. And it was almost always someone who had a large financial position in the company that I said

but what I have found is And I wasn't used to getting attacked like that. And every time I tried to, you know, I I hired a firm to unmask some of the people who were attacking me. It was clearly like the same language. I'm like they're using fake accounts. And it was almost always someone who had a large financial position in the company that I said

39:27

was overvalued. But look, at the end of the day, I should be held accountable. And when I get it wrong, you know, I'll have several million people on Twitter pointed out.

was overvalued. But look, at the end of the day, I should be held accountable. And when I get it wrong, you know, I'll have several million people on Twitter pointed out.

39:35

But as somebody who is very close to his own stock picks, you know, things have kinda worked out over here. Wait. Wait. You hired a firm to

But as somebody who is very close to his own stock picks, you know, things have kinda worked out over here. Wait. Wait. You hired a firm to

39:43

figure out who's behind these two accounts?

figure out who's behind these two accounts?

39:46

I think it's so I I think it's m

I think it's so I I think it's m

39:49

political. I've been very critical of Putin.

political. I've been very critical of Putin.

39:52

And I'm fairly and I know this sounds current, but doesn't mean I'm wrong. If I were Putin,

And I'm fairly and I know this sounds current, but doesn't mean I'm wrong. If I were Putin,

39:57

I would hire. I would spend a small amount of money I'm spending a hundred billion dollars a year in Ukraine and a hundred thousand lives. Why wouldn't I take five percent of that or five billion dollars and take some very bright scientists?

I would hire. I would spend a small amount of money I'm spending a hundred billion dollars a year in Ukraine and a hundred thousand lives. Why wouldn't I take five percent of that or five billion dollars and take some very bright scientists?

40:09

And,

And,

40:10

do AI generated AB testing

do AI generated AB testing

40:13

and create a list of my five seven, ten thousand biggest detractors who are pro Ukraine.

and create a list of my five seven, ten thousand biggest detractors who are pro Ukraine.

40:19

And start slowly but surely undermining

And start slowly but surely undermining

40:21

their authority on social media platforms that have a Merrill, a moral management team who will cash my checks,

their authority on social media platforms that have a Merrill, a moral management team who will cash my checks,

40:27

and slowly but surely start undermining their authority. That's what I would do. Do you have any proof that anything like that has happened? Or is it just a my comments.

and slowly but surely start undermining their authority. That's what I would do. Do you have any proof that anything like that has happened? Or is it just a my comments.

40:36

Go go any

Go go any

40:37

Well, I don't know. You that's not that in itself is not true. It could just be someone in any time.

Well, I don't know. You that's not that in itself is not true. It could just be someone in any time.

40:43

Anytime.

Anytime.

40:44

You say any you'll do it. Go on and talk about Ukraine,

You say any you'll do it. Go on and talk about Ukraine,

40:49

and you're gonna start to see a lot of people, a hacking you personally and professionally

and you're gonna start to see a lot of people, a hacking you personally and professionally

40:54

who are anonymous.

who are anonymous.

40:56

And you could say, wow. It's just amazing that all of these anonymous

And you could say, wow. It's just amazing that all of these anonymous

41:00

bots

bots

41:01

seem to have decided

seem to have decided

41:03

to engage in character assassination

to engage in character assassination

41:06

because I consistently

because I consistently

41:08

am pro Ukraine. And Wouldn't they be stupid not to do it?

am pro Ukraine. And Wouldn't they be stupid not to do it?

41:13

Because people don't look click on the profile, they just see the comment.

Because people don't look click on the profile, they just see the comment.

41:17

And it's always the same language, Professor Galloway.

And it's always the same language, Professor Galloway.

41:20

I don't know. It's like, what what's the threshold of your,

I don't know. It's like, what what's the threshold of your,

41:23

you I in my eyes, you're a big deal. But what's the threshold of? You're a big deal to

you I in my eyes, you're a big deal. But what's the threshold of? You're a big deal to

41:29

decision makers who decide these things. But it's all about public opinion. You can't win a war without public support. You can't lose them with public support. So the Putin,

decision makers who decide these things. But it's all about public opinion. You can't win a war without public support. You can't lose them with public support. So the Putin,

41:38

the fastest blue line path

the fastest blue line path

41:41

to victory in Ukraine for Putin is the election of Donald Trump in my view, and also,

to victory in Ukraine for Putin is the election of Donald Trump in my view, and also,

41:47

trying to diminish or reduce public support for the war there. So wouldn't they be stupid to not have the GRU identify the ten thousand most critical peep our biggest supporters of Ukraine

trying to diminish or reduce public support for the war there. So wouldn't they be stupid to not have the GRU identify the ten thousand most critical peep our biggest supporters of Ukraine

41:57

and slowly, but surely undermine their credibility?

and slowly, but surely undermine their credibility?

41:59

What I why would they be stupid not to do that? Especially on platforms who will cash anybody's checks.

What I why would they be stupid not to do that? Especially on platforms who will cash anybody's checks.

42:05

And as it relates to the fog of misinformation,

And as it relates to the fog of misinformation,

42:08

our fucking smoke machines.

our fucking smoke machines.

42:10

Why on earth would they not do that? No. I mean, I I think they should. I was just I'm giving you a hard time of, like, are you are you a big enough fish which that that's what that's what I'm trying to figure out. Oh, I might be twenty thousand out of a list of twenty thousand people, but I think I've made the list. When I go on. It's actually the, like, Forbes thirty to thirty bullshit.

Why on earth would they not do that? No. I mean, I I think they should. I was just I'm giving you a hard time of, like, are you are you a big enough fish which that that's what that's what I'm trying to figure out. Oh, I might be twenty thousand out of a list of twenty thousand people, but I think I've made the list. When I go on. It's actually the, like, Forbes thirty to thirty bullshit.

42:30

Pootton's ten thousand under ten thousand. That's the list That's the real list of influence. Right? If you go on face the nation and say, this is the best investment in the history of the West, unifying

Pootton's ten thousand under ten thousand. That's the list That's the real list of influence. Right? If you go on face the nation and say, this is the best investment in the history of the West, unifying

42:39

for the first time Europe is a union. We've taken NATO out of the brain coma. We push back on a murderous fascist

for the first time Europe is a union. We've taken NATO out of the brain coma. We push back on a murderous fascist

42:46

ninety years ago. This is a wonderful moment for the West. It's ten percent of our military, but this is the best investment we ever made.

ninety years ago. This is a wonderful moment for the West. It's ten percent of our military, but this is the best investment we ever made.

42:53

Well, I think that qualifies me to get on the list.

Well, I think that qualifies me to get on the list.

42:57

That's

That's

42:58

What,

What,

42:59

well, are are you enjoying being Scott Galloway the brand

well, are are you enjoying being Scott Galloway the brand

43:03

more than being Scott Galloway,

more than being Scott Galloway,

43:05

the founder of like in are you enjoying it more than being an operator of companies, or are you enjoying,

the founder of like in are you enjoying it more than being an operator of companies, or are you enjoying,

43:11

the I mean, I you have some cool blog posts where you're like, when people say hi to me in the street, I love it. It makes me feel great. Which one are you enjoying more? Scott Galloway,

the I mean, I you have some cool blog posts where you're like, when people say hi to me in the street, I love it. It makes me feel great. Which one are you enjoying more? Scott Galloway,

43:20

the brand or Scott Galloway, the business person. Oh, on the whole, this is really wonderful. I mean, people come up to me

the brand or Scott Galloway, the business person. Oh, on the whole, this is really wonderful. I mean, people come up to me

43:26

and are super nice.

and are super nice.

43:28

And

And

43:29

you know, I met that. I have thirteen and six year old boys. So everything I do is just, like, tragically uncool in their eyes. They don't really seem to like me a great deal. So when someone comes up to me, it happened yesterday and, like, wants a picture with me, and they're excited to meet me in front of my boys, to be honest, it just feels really nice. And people generally speaking are just so nice. And they come up, and I get to meet new people.

you know, I met that. I have thirteen and six year old boys. So everything I do is just, like, tragically uncool in their eyes. They don't really seem to like me a great deal. So when someone comes up to me, it happened yesterday and, like, wants a picture with me, and they're excited to meet me in front of my boys, to be honest, it just feels really nice. And people generally speaking are just so nice. And they come up, and I get to meet new people.

43:51

Yeah. It's awesome. And it feels very gratifying. I'm also

Yeah. It's awesome. And it feels very gratifying. I'm also

43:55

We talked about addictions. I'm addicted to affirmation from strangers. It's sort of pathetic, but I at least know it so I can modulate it.

We talked about addictions. I'm addicted to affirmation from strangers. It's sort of pathetic, but I at least know it so I can modulate it.

44:03

And it's really wonderful. People are really friendly and really nice.

And it's really wonderful. People are really friendly and really nice.

44:07

You know, I went to the Arsenal game with my boys and a bunch of people came up to me and said hi and

You know, I went to the Arsenal game with my boys and a bunch of people came up to me and said hi and

44:12

I was at the Taylor Swift conference con

I was at the Taylor Swift conference con

44:15

concert and the sixteen year old girl. It made me a bracelet and came up and gave me a break. I mean, it's like, I have all these wonderful moments with strangers.

concert and the sixteen year old girl. It made me a bracelet and came up and gave me a break. I mean, it's like, I have all these wonderful moments with strangers.

44:22

So

So

44:23

it's wonderful. I do think there is an algorithm for happiness, though, a pretty good one, and that is to be rich but anonymous,

it's wonderful. I do think there is an algorithm for happiness, though, a pretty good one, and that is to be rich but anonymous,

44:30

because at some point, I'm gonna become the villain. And some of the things you talked about before, there's a entire industry in America around building people up and them tearing them down.

because at some point, I'm gonna become the villain. And some of the things you talked about before, there's a entire industry in America around building people up and them tearing them down.

44:40

And so I wonder when my story turns to the villain, because, you know, at some point, I'll probably fuck up and say something really stupid. And then, wham, people will weigh in. But for the time being,

And so I wonder when my story turns to the villain, because, you know, at some point, I'll probably fuck up and say something really stupid. And then, wham, people will weigh in. But for the time being,

44:50

oh, it's wonderful. People are night. I just it's so rewarding.

oh, it's wonderful. People are night. I just it's so rewarding.

44:54

Really rewarding.

Really rewarding.

44:56

We're, we're coming up on the on our time, but I I had one one last question. I saw you talk,

We're, we're coming up on the on our time, but I I had one one last question. I saw you talk,

45:02

I've seen you talk a few times and I've watched your stuff on YouTube

I've seen you talk a few times and I've watched your stuff on YouTube

45:06

The difference between your talks and most everyone's talks is you kind of break a a bunch of the rules. So you have, like, a hundred and fifty slides

The difference between your talks and most everyone's talks is you kind of break a a bunch of the rules. So you have, like, a hundred and fifty slides

45:15

each slide has lots of information on it, and you talk super fast. You've got a really beautiful rhythm. The it's I I say fast, but fast in a good way. What is the process of, like, coming up with one of these talks? Because your talks seem way more lucrative. Like,

each slide has lots of information on it, and you talk super fast. You've got a really beautiful rhythm. The it's I I say fast, but fast in a good way. What is the process of, like, coming up with one of these talks? Because your talks seem way more lucrative. Like,

45:29

one of your talks would be, like, maybe a big blog post that I wrote or that I would write. And I imagine having, like, a talk is significantly

one of your talks would be, like, maybe a big blog post that I wrote or that I would write. And I imagine having, like, a talk is significantly

45:37

more lucrative and probably way more fun. You could travel all of all over the world and and deliver them. What's, what's that process of, like, do you start with a headline? And then you're like, I'm gonna go find data? Do you find a data point? And you're like, I'm gonna something around this. Yeah. So speaking is the most lucrative business I've ever been, and I had

more lucrative and probably way more fun. You could travel all of all over the world and and deliver them. What's, what's that process of, like, do you start with a headline? And then you're like, I'm gonna go find data? Do you find a data point? And you're like, I'm gonna something around this. Yeah. So speaking is the most lucrative business I've ever been, and I had

45:53

three hundred and forty inbound requests for speaking.

three hundred and forty inbound requests for speaking.

45:56

I

I

45:57

accepted thirty of them. I average a hundred and twelve thousand dollars per speaking engagement.

accepted thirty of them. I average a hundred and twelve thousand dollars per speaking engagement.

46:03

And my attitude is someone's gonna pay me a hundred and twelve thousand dollars. I can't just show up and be charming and interesting and, like, be me on stage. I've gotta bring something really unique.

And my attitude is someone's gonna pay me a hundred and twelve thousand dollars. I can't just show up and be charming and interesting and, like, be me on stage. I've gotta bring something really unique.

46:14

And so I will spend

And so I will spend

46:16

the better part of three months with a team of analysts at prop g trying to come up with themes and data and slides and humor and video clips, and then choreograph

the better part of three months with a team of analysts at prop g trying to come up with themes and data and slides and humor and video clips, and then choreograph

46:27

it and practice it

it and practice it

46:29

over and over and then test it.

over and over and then test it.

46:32

And try and make it something where you go. Okay. When It was just like a comedian. Well,

And try and make it something where you go. Okay. When It was just like a comedian. Well,

46:37

humor's a great way to lower people's defenses such that they'll be open to new ideas.

humor's a great way to lower people's defenses such that they'll be open to new ideas.

46:42

And so when I say things that are provocative or I'm asking them to think something different,

And so when I say things that are provocative or I'm asking them to think something different,

46:47

humor is a fantastic way to soften the beach for new ideas.

humor is a fantastic way to soften the beach for new ideas.

46:51

But you're testing your, like, you know, before you get the Netflix show, you're, like, testing it on the on the on the small.

But you're testing your, like, you know, before you get the Netflix show, you're, like, testing it on the on the on the small.

46:55

Yeah.

Yeah.

46:56

But if I'm at I'm a Mastercard and they're spending me a hundred, you know, they're spending a hundred and fifty thousand bucks to have me speak for an hour in Barcelona, which I did last week. You can't just show up in Be Scott Galloway.

But if I'm at I'm a Mastercard and they're spending me a hundred, you know, they're spending a hundred and fifty thousand bucks to have me speak for an hour in Barcelona, which I did last week. You can't just show up in Be Scott Galloway.

47:07

I've gotta be a guy who rep who gets finds his incredibly smart people to pull data together, and they do a great job in my design team. And, you know, greatness is in the agency of others.

I've gotta be a guy who rep who gets finds his incredibly smart people to pull data together, and they do a great job in my design team. And, you know, greatness is in the agency of others.

47:18

So but it's a ton of fun. I get to go to interesting places. I get to pick the most interesting

So but it's a ton of fun. I get to go to interesting places. I get to pick the most interesting

47:24

cool ones, and it's a nice and I have an impact. I talk a lot about struggling young men, which is real something I'm passionate about, and it's really rewarding. I feel like I'm having a difference.

cool ones, and it's a nice and I have an impact. I talk a lot about struggling young men, which is real something I'm passionate about, and it's really rewarding. I feel like I'm having a difference.

47:34

I get to go to cool places. So

I get to go to cool places. So

47:36

I kinda feel like it's my victory lap right now. I get to just sort of run around and, you know, but I'm But if someone's gonna pay that kind of money, you just can't show up and just start talking and, you know, a bunch of war stories about how awesome you are. You gotta show up with real insight.

I kinda feel like it's my victory lap right now. I get to just sort of run around and, you know, but I'm But if someone's gonna pay that kind of money, you just can't show up and just start talking and, you know, a bunch of war stories about how awesome you are. You gotta show up with real insight.

47:51

Or something that's gonna catalyze a conversation with data they haven't seen before.

Or something that's gonna catalyze a conversation with data they haven't seen before.

47:56

Back to the drawing board for me then. I thought that's, I thought what I was doing is,

Back to the drawing board for me then. I thought that's, I thought what I was doing is,

48:01

showing up and giving myself a victory lap.

showing up and giving myself a victory lap.

48:04

Dude, have you seen one of his talks? Like, every slide has like a data point that is quite good and a story behind it. And I'm like, dude, just finding this data is is a job. You're you're an excellent performer,

Dude, have you seen one of his talks? Like, every slide has like a data point that is quite good and a story behind it. And I'm like, dude, just finding this data is is a job. You're you're an excellent performer,

48:16

spearacle speaker and, like, Sam said, you're very lyrical. We we enjoy.

spearacle speaker and, like, Sam said, you're very lyrical. We we enjoy.

48:20

We enjoy what you do. I think you're you're really great at what you do. I don't know how you were as an entrepreneur, but, like, I can't I feel like this is what you were meant to do is to,

We enjoy what you do. I think you're you're really great at what you do. I don't know how you were as an entrepreneur, but, like, I can't I feel like this is what you were meant to do is to,

48:29

to be smart and then, you know, package that up and perform that because you can't educate without entertaining, and you do a great job of both.

to be smart and then, you know, package that up and perform that because you can't educate without entertaining, and you do a great job of both.

48:36

Thanks for coming on. We really appreciate it.

Thanks for coming on. We really appreciate it.

48:38

Thank you, guys. Congrats on your success.

Thank you, guys. Congrats on your success.

48:41

Yeah. Thank you. We I think you and I, I I think our pods are are,

Yeah. Thank you. We I think you and I, I I think our pods are are,

48:46

going back and forth sometimes in the charts. So I look forward to,

going back and forth sometimes in the charts. So I look forward to,

48:50

kicking your ass. I will dare you.

kicking your ass. I will dare you.

48:55

See you in the trenches.

See you in the trenches.

48:56

Thanks man. We appreciate Scott Galloway. Thanks again, guys. That's the pod.

Thanks man. We appreciate Scott Galloway. Thanks again, guys. That's the pod.

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