00:00

Alright. You ready to do this?

Alright. You ready to do this?

00:02

Yeah. Hold on. I'm just,

Yeah. Hold on. I'm just,

00:05

I'm just executing a stock trade right now. I'm I am the wolf of Wall Street right now, Sam. I we're live on this podcast, but I'm not here. I'm not here talking to you. I'm in Wall Street right now. I'm on the stock market floor shaking my money, saying take my money, because I'm buying a stock. I don't think the Wolf of Wall Street used Robinhood, but that's okay. If you want here's here's what we're gonna do. If you wanna find out how to lose money like I do, you should stick around.

I'm just executing a stock trade right now. I'm I am the wolf of Wall Street right now, Sam. I we're live on this podcast, but I'm not here. I'm not here talking to you. I'm in Wall Street right now. I'm on the stock market floor shaking my money, saying take my money, because I'm buying a stock. I don't think the Wolf of Wall Street used Robinhood, but that's okay. If you want here's here's what we're gonna do. If you wanna find out how to lose money like I do, you should stick around.

00:39

Alright. So what is it? You've been on a stock kick. You you're really on a stock kick. Which is just bad news for me. I anytime I get on a stock kick, bad things happen. I just don't realize it till three years later. So

Alright. So what is it? You've been on a stock kick. You you're really on a stock kick. Which is just bad news for me. I anytime I get on a stock kick, bad things happen. I just don't realize it till three years later. So

00:52

Let me just show you these two charts. So take a look at this chart.

Let me just show you these two charts. So take a look at this chart.

00:56

The fur it's about the stock called Palo Alto Networks.

The fur it's about the stock called Palo Alto Networks.

00:59

Don't think you're following too much of Palo Alto Networks. Am I right in assuming that? I'm not following

Don't think you're following too much of Palo Alto Networks. Am I right in assuming that? I'm not following

01:04

right now, but I know, like, it's one of the Silicon Valley OGs. It's been around for a long time. And, yeah. Yeah. Okay. Good. That's pretty good. Alright. So look at this first

right now, but I know, like, it's one of the Silicon Valley OGs. It's been around for a long time. And, yeah. Yeah. Okay. Good. That's pretty good. Alright. So look at this first

01:15

I know a bullshit or what I hear one, and you don't know a shit about this stuff. I've read I know I know whatever you can learn reading the Wikipedia. I've read it the Wikipedia. Tell me What do they sell? What's the product? No. No. No. Why are you looking at your screen? Look at me. Look me with the eyes and tell me what they sell. Networking and data solutions, I believe. So some type something like They used to be, like, one of the OGs that had servers, didn't they? Dude, here's the reality. I don't know what they sell either. It doesn't matter what they sell. Look at this chart for a second. So this chart shows last five days, damn, down fourteen percent, fifteen percent, basically. That's pretty bad.

I know a bullshit or what I hear one, and you don't know a shit about this stuff. I've read I know I know whatever you can learn reading the Wikipedia. I've read it the Wikipedia. Tell me What do they sell? What's the product? No. No. No. Why are you looking at your screen? Look at me. Look me with the eyes and tell me what they sell. Networking and data solutions, I believe. So some type something like They used to be, like, one of the OGs that had servers, didn't they? Dude, here's the reality. I don't know what they sell either. It doesn't matter what they sell. Look at this chart for a second. So this chart shows last five days, damn, down fourteen percent, fifteen percent, basically. That's pretty bad.

01:49

And actually, it would be worse than that, except for there's this little uptick. So look at the second chart. This is today, up ten percent. You might ask yourself, did they just have, like, an earnings call?

And actually, it would be worse than that, except for there's this little uptick. So look at the second chart. This is today, up ten percent. You might ask yourself, did they just have, like, an earnings call?

01:59

Did they announce a new product?

Did they announce a new product?

02:01

Did they announce a a big AI breakthrough? What is causing the stock in the first two hours of trading today to be up ten percent.

Did they announce a a big AI breakthrough? What is causing the stock in the first two hours of trading today to be up ten percent.

02:08

The answer is,

The answer is,

02:10

our girl, friend of the pod, Nancy Pelosi,

our girl, friend of the pod, Nancy Pelosi,

02:13

just made a trade. She just bought a million dollars to follow-up to networks

just made a trade. She just bought a million dollars to follow-up to networks

02:17

of stock. And immediately, people start following her action as they're buying this thing blind because they don't know what she knows, but they know that she knows something. Isn't that so funny that that's what's happening nowadays? Like, I follow this account. I don't know if you follow the Pelosi tracker. And they were, like,

of stock. And immediately, people start following her action as they're buying this thing blind because they don't know what she knows, but they know that she knows something. Isn't that so funny that that's what's happening nowadays? Like, I follow this account. I don't know if you follow the Pelosi tracker. And they were, like,

02:33

it says breaking.

it says breaking.

02:34

The queen is back at it again.

The queen is back at it again.

02:37

She just bought a one point two five million dollars of Palo Alto Network calls. And then it says and then, like, there's a sub headline. Palo Alto Networks is one of the leading cyber security companies in the nation. Like, in case you need to know, but here's the rowdy. You don't need to know. You just need to know that Nancy Pelosi,

She just bought a one point two five million dollars of Palo Alto Network calls. And then it says and then, like, there's a sub headline. Palo Alto Networks is one of the leading cyber security companies in the nation. Like, in case you need to know, but here's the rowdy. You don't need to know. You just need to know that Nancy Pelosi,

02:51

who has one of the greatest stock trading track records of our time.

who has one of the greatest stock trading track records of our time.

02:55

Just bought this. And she Are you actually buying this?

Just bought this. And she Are you actually buying this?

02:59

No. I'm not buying the pallet I was gonna say. We just did this amazing whole thing on Buffet a couple episodes ago. Two months ago when, Munger died, we did a whole episode on that. And I was gonna say, you did a great job of remembering what he said, which is, like, invest blindly in things you don't understand. Right? Yeah. Invest blindly off random Twitter anonymous accounts,

No. I'm not buying the pallet I was gonna say. We just did this amazing whole thing on Buffet a couple episodes ago. Two months ago when, Munger died, we did a whole episode on that. And I was gonna say, you did a great job of remembering what he said, which is, like, invest blindly in things you don't understand. Right? Yeah. Invest blindly off random Twitter anonymous accounts,

03:18

you know, claims about, you know, ninety year old women's trades. So so that's what I'm doing. No, I didn't buy this one, but I did find it. I was kinda curious. I was like, I saw this tweet,

you know, claims about, you know, ninety year old women's trades. So so that's what I'm doing. No, I didn't buy this one, but I did find it. I was kinda curious. I was like, I saw this tweet,

03:29

and I was like, I've seen her track record or, like, the data analysis of her track record. It's, like, really, really impressive. I don't have an offhand here, but it's, like, better than most hedge funds. It's better than most, like, famous investors that you know of.

and I was like, I've seen her track record or, like, the data analysis of her track record. It's, like, really, really impressive. I don't have an offhand here, but it's, like, better than most hedge funds. It's better than most, like, famous investors that you know of.

03:40

And so I was wondering, are people just fast following her trades? That's why I looked at what's happened today, and this the, you know, the share price of twenty seven bucks this morning because

And so I was wondering, are people just fast following her trades? That's why I looked at what's happened today, and this the, you know, the share price of twenty seven bucks this morning because

03:49

the the sort of the the she had to disclose what she bought. And so, people were tracking that. So I just find that I I was curious

the the sort of the the she had to disclose what she bought. And so, people were tracking that. So I just find that I I was curious

03:57

does the stock actually move when Pelosi,

does the stock actually move when Pelosi,

04:00

makes a trade?

makes a trade?

04:02

And our girl moves weight. Alright? She makes she makes waves in the market. Alright, everyone. A quick break to tell you about HubSpot, and this one's easy because I'm gonna show you an example of how I'm doing this at my When I say, I, I mean, not my team, I mean, I'm the one who actually made it. So I've got this company called Hampton. You could check it out join hampton dot com. It's a community for founders. And one of the ways that we've grown is we've created these surveys, but we'll ask our members certain questions that a lot of people a lot of times people are afraid to ask. So things like what their net worth is, how their asset are allocated. All these, like, interesting questions, and then we'll put it in a survey, and I went and made a landing page. So you can check it out at join hampton dot com slash wealth. You can actually see the landing page that I made. And the hard part with this is with Hampton, we are appealing to a sort of a a higher end customer sort of like like a Louis Vuitton or Ferrari, so I needed the landing page to look a very particular way. HubSpot has templates. That's what we use. We just change the colors a little bit to match our brand very easy. They have this drag and drop version of their landing page builder, and it's super simple. I'm not technical and I'm the one who actually made it. And once it's made, I then shared it social media, and we had thousands of people see it and thousands of people who gave us their information, and I can then see over the next handful of weeks This is how much revenue came in from this wealth survey that I did. This is where the revenue came from. So it came from Twitter. It came from LinkedIn. Whatever it came from, I can actually go and look at it. And I could say, oh, well, that worked. That didn't work. Do more of that. Do less of that. And if you're interested in making landing pages like this, I highly suggest it. Look, I'm actually doing it but you could check it out. Go to the link in the description of YouTube and get started. Alright. Now back to MFM.

And our girl moves weight. Alright? She makes she makes waves in the market. Alright, everyone. A quick break to tell you about HubSpot, and this one's easy because I'm gonna show you an example of how I'm doing this at my When I say, I, I mean, not my team, I mean, I'm the one who actually made it. So I've got this company called Hampton. You could check it out join hampton dot com. It's a community for founders. And one of the ways that we've grown is we've created these surveys, but we'll ask our members certain questions that a lot of people a lot of times people are afraid to ask. So things like what their net worth is, how their asset are allocated. All these, like, interesting questions, and then we'll put it in a survey, and I went and made a landing page. So you can check it out at join hampton dot com slash wealth. You can actually see the landing page that I made. And the hard part with this is with Hampton, we are appealing to a sort of a a higher end customer sort of like like a Louis Vuitton or Ferrari, so I needed the landing page to look a very particular way. HubSpot has templates. That's what we use. We just change the colors a little bit to match our brand very easy. They have this drag and drop version of their landing page builder, and it's super simple. I'm not technical and I'm the one who actually made it. And once it's made, I then shared it social media, and we had thousands of people see it and thousands of people who gave us their information, and I can then see over the next handful of weeks This is how much revenue came in from this wealth survey that I did. This is where the revenue came from. So it came from Twitter. It came from LinkedIn. Whatever it came from, I can actually go and look at it. And I could say, oh, well, that worked. That didn't work. Do more of that. Do less of that. And if you're interested in making landing pages like this, I highly suggest it. Look, I'm actually doing it but you could check it out. Go to the link in the description of YouTube and get started. Alright. Now back to MFM.

05:36

I'm an idiot, and I don't know anything about politics.

I'm an idiot, and I don't know anything about politics.

05:39

But

But

05:41

but what I would say is if I'm, like, in charge, what I would say to all these folks who are, you know, high up in the government is I would pay them a huge sum, like, two or three million dollars a year. Right? Cause there's only, like, five hundred how many how many people are I don't even know. This is how,

but what I would say is if I'm, like, in charge, what I would say to all these folks who are, you know, high up in the government is I would pay them a huge sum, like, two or three million dollars a year. Right? Cause there's only, like, five hundred how many how many people are I don't even know. This is how,

05:56

how how ignorant I am how many people are in the Senate in Congress, I would pay them a ton of money and say, there. Now you can't speak. You can't consult. And also, all of your money has to be in this poly political ETF or whatever it's called. So

how how ignorant I am how many people are in the Senate in Congress, I would pay them a ton of money and say, there. Now you can't speak. You can't consult. And also, all of your money has to be in this poly political ETF or whatever it's called. So

06:10

we know every trade you're doing, and you can't actually buy individual stocks. It's kind of ridiculous that she's able to do this. Right? It's actually her husband. Her husband's able to do it. It's their money, but it is kind of crazy. Well, she can't she's allowed to do it too. It's not it's not only

we know every trade you're doing, and you can't actually buy individual stocks. It's kind of ridiculous that she's able to do this. Right? It's actually her husband. Her husband's able to do it. It's their money, but it is kind of crazy. Well, she can't she's allowed to do it too. It's not it's not only

06:22

Her husband's a a PE guy. I mean, he's, like, this is his job I would imagine. Alright. So let me just tell you this. The last big trade that I saw from her was

Her husband's a a PE guy. I mean, he's, like, this is his job I would imagine. Alright. So let me just tell you this. The last big trade that I saw from her was

06:32

in, I believe, twenty twenty two. So July twenty twenty two, Nancy Pelosi,

in, I believe, twenty twenty two. So July twenty twenty two, Nancy Pelosi,

06:36

and her husband Paul, who's a VC,

and her husband Paul, who's a VC,

06:39

decided to buy

decided to buy

06:41

twenty five thousand shares of Nvidia.

twenty five thousand shares of Nvidia.

06:44

I said, what's the best stock in the world right now since twenty twenty two?

I said, what's the best stock in the world right now since twenty twenty two?

06:50

What is almost the most valuable company in the world right now?

What is almost the most valuable company in the world right now?

06:53

Nvidia oh, that's right. So they bought it at a hundred sixty five bucks. It's currently trading at eight hundred dollars.

Nvidia oh, that's right. So they bought it at a hundred sixty five bucks. It's currently trading at eight hundred dollars.

06:59

Oh, that's pretty good.

Oh, that's pretty good.

07:01

A little four point eight x for our girl Nancy. That's that's pretty impressive. Good trade. When I first got great trade, when I first moved to San Francisco, I I told you the story how I lived in this warehouse. It was like a dirt cheap warehouse. It was horrible. It was an awful place to live. I lived with four other guys.

A little four point eight x for our girl Nancy. That's that's pretty impressive. Good trade. When I first got great trade, when I first moved to San Francisco, I I told you the story how I lived in this warehouse. It was like a dirt cheap warehouse. It was horrible. It was an awful place to live. I lived with four other guys.

07:16

One of the guys worked there at Nvidia when I lived in this warehouse. He worked at Nvidia, I believe, from two thousand and nine to two thousand and fourteen.

One of the guys worked there at Nvidia when I lived in this warehouse. He worked at Nvidia, I believe, from two thousand and nine to two thousand and fourteen.

07:25

And I was doing the math. If he had a hundred and fifty thousand dollars of equity given to him over four years, which seems reasonable,

And I was doing the math. If he had a hundred and fifty thousand dollars of equity given to him over four years, which seems reasonable,

07:32

that's thirty thousand, forty thousand a year. If he didn't sell,

that's thirty thousand, forty thousand a year. If he didn't sell,

07:37

his net worth would be something like thirty five million dollars. Is that insane or what? And he wasn't a he wasn't an early employee would have been employee. I don't know how big they were at the time, but it was thousands of people back then. And not insane that someone could do that, Nvidia has been insane.

his net worth would be something like thirty five million dollars. Is that insane or what? And he wasn't a he wasn't an early employee would have been employee. I don't know how big they were at the time, but it was thousands of people back then. And not insane that someone could do that, Nvidia has been insane.

07:52

So what was the S and P five hundred gain last year? Last year, last year, the S and P five hundred was up twenty four percent in twenty twenty three. Okay. Nancy Pelosi was up sixty five percent.

So what was the S and P five hundred gain last year? Last year, last year, the S and P five hundred was up twenty four percent in twenty twenty three. Okay. Nancy Pelosi was up sixty five percent.

08:04

She just tripled the stock. Nancy five hundred performance with her trains, you know, as her side hustle

She just tripled the stock. Nancy five hundred performance with her trains, you know, as her side hustle

08:10

while she's the whatever speaker of the house or whatever the hell she is.

while she's the whatever speaker of the house or whatever the hell she is.

08:14

Pretty crazy. You know what else has grown?

Pretty crazy. You know what else has grown?

08:17

A mere, you know, twenty five percent in the last year? What?

A mere, you know, twenty five percent in the last year? What?

08:21

Our YouTube subscriber base. We are putting Pelosi to shame out here. But we need your help. We need your help. We need you to go to YouTube. We need you to type in my first million, and we need you to subscribe because we put in so much work every week, and people think it's free. It's a common misconception. They think it's free, Sam, tell tell them what it is. Look, this podcast isn't free. Everything on YouTube's free. Except for this channel. All we need in payment is just you to click subscribe. It takes you literally ten seconds, but it means the world to us. We pour our hearts in this. It's all we're asking in exchange. It's called the gentleman's agreement. We're not there to actually see it. You do it, but we hope you do. That's why it's the gentleman's agreement.

Our YouTube subscriber base. We are putting Pelosi to shame out here. But we need your help. We need your help. We need you to go to YouTube. We need you to type in my first million, and we need you to subscribe because we put in so much work every week, and people think it's free. It's a common misconception. They think it's free, Sam, tell tell them what it is. Look, this podcast isn't free. Everything on YouTube's free. Except for this channel. All we need in payment is just you to click subscribe. It takes you literally ten seconds, but it means the world to us. We pour our hearts in this. It's all we're asking in exchange. It's called the gentleman's agreement. We're not there to actually see it. You do it, but we hope you do. That's why it's the gentleman's agreement.

08:56

What do you got? What's the trade that you just did? That you actually are excited about. Because you said when we started, you said we've got you got some a trade that you're doing as we speak. What is it? Disclaimer, not financial advice. Disclaimer.

What do you got? What's the trade that you just did? That you actually are excited about. Because you said when we started, you said we've got you got some a trade that you're doing as we speak. What is it? Disclaimer, not financial advice. Disclaimer.

09:09

I'm very bad at stock trading, but I I persist because I'm the little linge that could. I'll never give up. And so

I'm very bad at stock trading, but I I persist because I'm the little linge that could. I'll never give up. And so

09:17

I noticed,

I noticed,

09:19

if you noticed, but over the weekend, there was, like, a lot of negative sentiment around Google.

if you noticed, but over the weekend, there was, like, a lot of negative sentiment around Google.

09:24

And Which is why because their AI product is,

And Which is why because their AI product is,

09:27

like, woke?

like, woke?

09:28

Super woke. Yeah. So, basically, they released Gemini,

Super woke. Yeah. So, basically, they released Gemini,

09:31

which is their,

which is their,

09:33

answer to chat GPT,

answer to chat GPT,

09:35

formerly known as barred, which, by the way, there's a hilarious tweet that goes around every time Google releases a new product or rename something. And people are like, cool. Should I? I would love to check this out on,

formerly known as barred, which, by the way, there's a hilarious tweet that goes around every time Google releases a new product or rename something. And people are like, cool. Should I? I would love to check this out on,

09:46

on Meet, formerly known as Google Meet, formerly known as Google Hangouts, formally known as Google Hangouts, plus formally known as Google Duo. And they're, like, they'd show how many times Google renames its product So every name barred, which was an awful name, to Gemini, better name.

on Meet, formerly known as Google Meet, formerly known as Google Hangouts, formally known as Google Hangouts, plus formally known as Google Duo. And they're, like, they'd show how many times Google renames its product So every name barred, which was an awful name, to Gemini, better name.

10:01

And it came out basically

And it came out basically

10:03

It was Bard. Bard. Bard was their

It was Bard. Bard. Bard was their

10:06

their, you know, the next great act of their company.

their, you know, the next great act of their company.

10:09

They, like the thing about Google is sound the word Google sounds like a noise, which is fine. I'm okay with that. It sounds more like a noise than a name, and they just chucked out a little bit too far.

They, like the thing about Google is sound the word Google sounds like a noise, which is fine. I'm okay with that. It sounds more like a noise than a name, and they just chucked out a little bit too far.

10:20

Bar.

Bar.

10:21

Yeah. They were like, what are we gonna call it? And somebody burped on the call, and they're like, oh, yeah. We can go with that.

Yeah. They were like, what are we gonna call it? And somebody burped on the call, and they're like, oh, yeah. We can go with that.

10:28

So he's just kidding me.

So he's just kidding me.

10:31

So,

So,

10:32

yeah, basically, if you went to Bard and you were like, hey,

yeah, basically, if you went to Bard and you were like, hey,

10:37

Can you it it started off when people were like, hey, you know, can you,

Can you it it started off when people were like, hey, you know, can you,

10:40

generate an image of spaghetti and it generated great images spaghetti. They're like, cool. Can you generate an image of a Viking? And then it generated an image of a black viking. And people were like, that's weird. Why is the viking black? Hey, can you generate an image of a white viking? And it was like, gave you, like, a Mexican Viking.

generate an image of spaghetti and it generated great images spaghetti. They're like, cool. Can you generate an image of a Viking? And then it generated an image of a black viking. And people were like, that's weird. Why is the viking black? Hey, can you generate an image of a white viking? And it was like, gave you, like, a Mexican Viking.

10:57

You're like, oh, hold on.

You're like, oh, hold on.

10:58

Can you give me an image of a white person?

Can you give me an image of a white person?

11:02

And it was like, nah, I can't do that.

And it was like, nah, I can't do that.

11:04

Really? It was basically either saying no or it was showing a picture of a black person. It's like, what ethnicity was George Washington?

Really? It was basically either saying no or it was showing a picture of a black person. It's like, what ethnicity was George Washington?

11:11

They're like, well, it's highly debated. You might be might be black. And it was, like, you know, they were just to or it'd be like,

They're like, well, it's highly debated. You might be might be black. And it was, like, you know, they were just to or it'd be like,

11:17

who did more damage to society? Elon Musk or Hitler? And it's like, it's hard to say who did more damage to society. Elon Musk or Hitler. Elon Musk tweeted these things about stock price and Hitler committed genocide. It is really a tough call and it's like and so people were taking this stuff and running with it. It's like the perfect

who did more damage to society? Elon Musk or Hitler? And it's like, it's hard to say who did more damage to society. Elon Musk or Hitler. Elon Musk tweeted these things about stock price and Hitler committed genocide. It is really a tough call and it's like and so people were taking this stuff and running with it. It's like the perfect

11:34

it's the the way I think about it is there's two tribes

it's the the way I think about it is there's two tribes

11:37

And if you can if you can get one tribe riled up, you're gonna get that that story line is gonna get some legs. But if you can get two tribes riled up, then you got, like, a real story. And so this was basically the anti big company,

And if you can if you can get one tribe riled up, you're gonna get that that story line is gonna get some legs. But if you can get two tribes riled up, then you got, like, a real story. And so this was basically the anti big company,

11:51

anti big tech tribe. It's like, yo, babe. Wake up. Big, big tech made a mistake. And then there was the anti,

anti big tech tribe. It's like, yo, babe. Wake up. Big, big tech made a mistake. And then there was the anti,

11:59

anti woke and the anti anti AI

anti woke and the anti anti AI

12:03

all three tribes got together and basically had a fiesta

all three tribes got together and basically had a fiesta

12:06

around this. And so people were sharing this like crazy, and then people were like, the CEO of Google needs to be fired.

around this. And so people were sharing this like crazy, and then people were like, the CEO of Google needs to be fired.

12:11

They were like, you know, Google is too bloated. It's too bureaucratic. It's too woke. It's, like, it's got the Wogue virus. It will never recover blah blah blah.

They were like, you know, Google is too bloated. It's too bureaucratic. It's too woke. It's, like, it's got the Wogue virus. It will never recover blah blah blah.

12:21

You know, Suhail, like, the, you know, the guy who created Mixpanel, awesome guy. He's like Google has lost its way. Then I read my next tweet, Elon Musk says, the bureaucratic, you know, a Google exec called me and promised to change it. But I told him, I don't think the the bureaucratic blob inside Google will even let him make these changes. It's hopeless, basically, is what what these guys are saying.

You know, Suhail, like, the, you know, the guy who created Mixpanel, awesome guy. He's like Google has lost its way. Then I read my next tweet, Elon Musk says, the bureaucratic, you know, a Google exec called me and promised to change it. But I told him, I don't think the the bureaucratic blob inside Google will even let him make these changes. It's hopeless, basically, is what what these guys are saying.

12:41

You go on the all in podcast,

You go on the all in podcast,

12:43

and they're like, I can't believe this. You know, basically, like, our rights, freedom of speech is at at risk here. It needs to tell the truth. Look at this crazy woke bias, and everybody's anti Google. So I woke up today, and I was like,

and they're like, I can't believe this. You know, basically, like, our rights, freedom of speech is at at risk here. It needs to tell the truth. Look at this crazy woke bias, and everybody's anti Google. So I woke up today, and I was like,

12:56

Pretty sure Google still owns Gmail,

Pretty sure Google still owns Gmail,

12:59

YouTube, Google search, Chrome, Android,

YouTube, Google search, Chrome, Android,

13:02

Waymo.

Waymo.

13:03

Okay. Think I'll just go ahead and buy Google stock today because Google's on this dip right now on the negative PR.

Okay. Think I'll just go ahead and buy Google stock today because Google's on this dip right now on the negative PR.

13:10

And I think it's just that old quote of, like,

And I think it's just that old quote of, like,

13:13

the short term, you know, the stock market's a popularity contest and the long term, it's a weighing machine. And I just think that they have tremendous assets, right, like,

the short term, you know, the stock market's a popularity contest and the long term, it's a weighing machine. And I just think that they have tremendous assets, right, like,

13:23

you know, YouTube does YouTube alone, which is not even Google's like main product,

you know, YouTube does YouTube alone, which is not even Google's like main product,

13:29

does

does

13:30

thirty two billion a year in revenue,

thirty two billion a year in revenue,

13:33

which is more than Snapchat Pinterest, Twitter, TikTok all combined.

which is more than Snapchat Pinterest, Twitter, TikTok all combined.

13:37

And that's just YouTube. Right? And then you take, like, Google Cloud, which is, like, does, you know, thirty six billion in revenue. That's just, like, their cloud service, not not Google search, right, not Android, not the Play Store, not a not any of this stuff. And so I just think they have too many assets. And so I have no I don't really do much analysis.

And that's just YouTube. Right? And then you take, like, Google Cloud, which is, like, does, you know, thirty six billion in revenue. That's just, like, their cloud service, not not Google search, right, not Android, not the Play Store, not a not any of this stuff. And so I just think they have too many assets. And so I have no I don't really do much analysis.

13:54

Aside from, I was like, I don't know, seems like everybody's overreacting to this because it's a really good social media storyline to be like,

Aside from, I was like, I don't know, seems like everybody's overreacting to this because it's a really good social media storyline to be like,

14:03

Google's lost its way.

Google's lost its way.

14:05

It's woke. It it's gonna lose an AI blah blah blah. Maybe it's true. I don't know. To me,

It's woke. It it's gonna lose an AI blah blah blah. Maybe it's true. I don't know. To me,

14:11

seemed like a bit of an overreaction.

seemed like a bit of an overreaction.

14:13

I don't think you're wrong.

I don't think you're wrong.

14:15

I think that you're right in this particular instance, but

I think that you're right in this particular instance, but

14:18

I subscribe to this subreddit called money, r slash money. And it's basically people it's a big subreddit, and it's people complaining mostly. It's a lot of it not complaining. But a lot of it is, like, I see all these posts of people in college who are, like, I'm now twenty grand in the hole because I was buying options on Robinhood, and then doing all this stuff on on these apps where they trade. And in general,

I subscribe to this subreddit called money, r slash money. And it's basically people it's a big subreddit, and it's people complaining mostly. It's a lot of it not complaining. But a lot of it is, like, I see all these posts of people in college who are, like, I'm now twenty grand in the hole because I was buying options on Robinhood, and then doing all this stuff on on these apps where they trade. And in general,

14:40

I am so against individual trading,

I am so against individual trading,

14:43

even though I think you're right with Google. It ain't going anywhere. I've we I buy ads in Google. If freaking works so good.

even though I think you're right with Google. It ain't going anywhere. I've we I buy ads in Google. If freaking works so good.

14:51

But

But

14:52

it's just I just will I refuse to go down this path. It's such a slippery slope that I don't wanna get addicted to it. And I feel like I would. And you've won a few times. I know you've won a few times recently. Oh, I'll have you lost every time I win. Don't worry.

it's just I just will I refuse to go down this path. It's such a slippery slope that I don't wanna get addicted to it. And I feel like I would. And you've won a few times. I know you've won a few times recently. Oh, I'll have you lost every time I win. Don't worry.

15:05

But I but have you lost a bunch? Of course. Of course.

But I but have you lost a bunch? Of course. Of course.

15:09

Yeah. You can't trade without having bad trades. Right?

Yeah. You can't trade without having bad trades. Right?

15:14

What what is the number one rule for having a few good trades? Is have many trades.

What what is the number one rule for having a few good trades? Is have many trades.

15:20

That's insane that you're doing this, but I you're not wrong with this. I'm not I'm not doing it with a lot a lot of money and also

That's insane that you're doing this, but I you're not wrong with this. I'm not I'm not doing it with a lot a lot of money and also

15:27

It's an excuse to learn for me too. So I,

It's an excuse to learn for me too. So I,

15:31

I don't know. I think that I think a lot of learning just comes from trial and error, and

I don't know. I think that I think a lot of learning just comes from trial and error, and

15:36

trying things when you build businesses is a really expensive slow way to it's, like, it's the highest price way to learn, right, because it takes a long time, takes a lot of effort, takes a lot of focus, But there are things where you're like, alright. Well,

trying things when you build businesses is a really expensive slow way to it's, like, it's the highest price way to learn, right, because it takes a long time, takes a lot of effort, takes a lot of focus, But there are things where you're like, alright. Well,

15:48

like, you know, very simple.

like, you know, very simple.

15:49

I wanted to learn about AI.

I wanted to learn about AI.

15:51

And so I pay this guy

And so I pay this guy

15:54

five hundred dollars an hour once a week to to just teach me about AI. Yeah. And I wanted to I wanted to be, I wanted to be up speed with what's going on? What are the new tools? What are the limitations?

five hundred dollars an hour once a week to to just teach me about AI. Yeah. And I wanted to I wanted to be, I wanted to be up speed with what's going on? What are the new tools? What are the limitations?

16:04

What are some of the bottlenecks? And so, you know, I in general, I have a very,

What are some of the bottlenecks? And so, you know, I in general, I have a very,

16:09

a, I wanna have some fun in my life, b, I wanna learn. And for me, the only way to learn is, like,

a, I wanna have some fun in my life, b, I wanna learn. And for me, the only way to learn is, like,

16:15

Andrew wilkins, instead of this one, he's, like, I like to walk around with a fork finding sockets to put put my fork in, basically. It's like, you know, the the only way he learns is by getting electrocuted, and I kinda feel I'm the same way.

Andrew wilkins, instead of this one, he's, like, I like to walk around with a fork finding sockets to put put my fork in, basically. It's like, you know, the the only way he learns is by getting electrocuted, and I kinda feel I'm the same way.

16:26

You know, I hear things that I hear wisdom, but it's never sinks in until I go and do something. And maybe the real learning here, by the way, maybe the real learning is

You know, I hear things that I hear wisdom, but it's never sinks in until I go and do something. And maybe the real learning here, by the way, maybe the real learning is

16:34

just don't pick it. Don't trade individual stocks. You might actually be at the correct final answer.

just don't pick it. Don't trade individual stocks. You might actually be at the correct final answer.

16:40

And so, you know, I'm not saying that you're wrong about that. Philosophically, I I agree with what you're saying. When I just carve out a small fun budget that I used to do this.

And so, you know, I'm not saying that you're wrong about that. Philosophically, I I agree with what you're saying. When I just carve out a small fun budget that I used to do this.

16:49

I, my partner, Joe, he trades individual stocks in this week or last week. He was like I'm screwed. I'm going back to indexing because he, like, looked at all the money that he I, like, did a calculator. I go, show me what you had fifteen years ago. Show me what you have today. Now let's I'm gonna put calculator, I'm gonna show you what you would have had if you would would have done this and let's see and compare.

I, my partner, Joe, he trades individual stocks in this week or last week. He was like I'm screwed. I'm going back to indexing because he, like, looked at all the money that he I, like, did a calculator. I go, show me what you had fifteen years ago. Show me what you have today. Now let's I'm gonna put calculator, I'm gonna show you what you would have had if you would would have done this and let's see and compare.

17:07

And the index fund funding index investing was so much higher. And he's like, yeah. I'm gonna switch And so we, like, mix the switch this week. By the way, I did the same calculation, and it was a hundred percent true for me too that if I had just bought the index and or just added a consistent amount to the index over time, that would have been perfect. But the funny thing is it's not, the the thing in my analysis. I was like, okay. I went through every single trait. Again, how do you learn? You go back and reflect. So I went through every every single trade. And I said, what is what story does this tell me? And I had thought the story would be

And the index fund funding index investing was so much higher. And he's like, yeah. I'm gonna switch And so we, like, mix the switch this week. By the way, I did the same calculation, and it was a hundred percent true for me too that if I had just bought the index and or just added a consistent amount to the index over time, that would have been perfect. But the funny thing is it's not, the the thing in my analysis. I was like, okay. I went through every single trait. Again, how do you learn? You go back and reflect. So I went through every every single trade. And I said, what is what story does this tell me? And I had thought the story would be

17:38

my prediction going in was,

my prediction going in was,

17:41

you would have made a little more money if you had done the index, but, you know, whatever. Actually, I would've made a lot more money just during the index. I was learning one. Number two, learn learning was interesting, which was

you would have made a little more money if you had done the index, but, you know, whatever. Actually, I would've made a lot more money just during the index. I was learning one. Number two, learn learning was interesting, which was

17:52

I thought I would find You're not as smart as you think, buddy. Like, you know, you buy this thing because you have all these reasons, but you're wrong.

I thought I would find You're not as smart as you think, buddy. Like, you know, you buy this thing because you have all these reasons, but you're wrong.

18:00

And in actuality,

And in actuality,

18:02

I think I only lost money buying in a very small number of of of stocks. I think it was like less than five stocks that I what I bought it for versus what it currently is

I think I only lost money buying in a very small number of of of stocks. I think it was like less than five stocks that I what I bought it for versus what it currently is

18:12

is less or even less than it would have been if I had just been in the in the in the in the index. Like, it's it's pretty comparable returns.

is less or even less than it would have been if I had just been in the in the in the in the index. Like, it's it's pretty comparable returns.

18:20

The two situations where I got it wrong were,

The two situations where I got it wrong were,

18:24

number one, when I during COVID, I

number one, when I during COVID, I

18:29

bought some momentums.

bought some momentums.

18:30

Like, I just, like, bought Zoom or something at some moment. I had bought Zoom, like, early and it was working so well, then I did bought more. That was stupid. I should have done that. But the second one was a random tips from our friends. You know, friends says, oh, man. I'm doing this. They and there's more than that.

Like, I just, like, bought Zoom or something at some moment. I had bought Zoom, like, early and it was working so well, then I did bought more. That was stupid. I should have done that. But the second one was a random tips from our friends. You know, friends says, oh, man. I'm doing this. They and there's more than that.

18:46

Yeah. They're a smart friend and so I bought. So that was the only times that I bought and lost. All of my actual losses of where I where I made less than I would have in the market, was just selling early

Yeah. They're a smart friend and so I bought. So that was the only times that I bought and lost. All of my actual losses of where I where I made less than I would have in the market, was just selling early

18:57

because I sold a bunch of things and I sold a bunch of things some some I sold early when they had a lot more room to run. Some I sold when I was, you know, the market sentiment was down or I was feeling fearful and I just wanted to move to cash, and I would just sell. And so I actually lost the all of my losses were in the cell, not the buy, which was surprising to me. I've been making fun of Joe because he's going on all in on indexing. And I'm like, great. You you picked a really good month, all time highs, record highs. You picked up this is the best month ever. Side to do it. And now he's, like, second guessing it. Let me show you a company that launched. I think this week or last week, and I wanna know what your opinion of it is So it's called Harbor. So harbor dot co. And I wanna tell you what this company is and why it's interesting to me. But I'm not sure if it's gonna work or not, but I wanna hear your opinion of Do you remember deep sentinel? We had,

because I sold a bunch of things and I sold a bunch of things some some I sold early when they had a lot more room to run. Some I sold when I was, you know, the market sentiment was down or I was feeling fearful and I just wanted to move to cash, and I would just sell. And so I actually lost the all of my losses were in the cell, not the buy, which was surprising to me. I've been making fun of Joe because he's going on all in on indexing. And I'm like, great. You you picked a really good month, all time highs, record highs. You picked up this is the best month ever. Side to do it. And now he's, like, second guessing it. Let me show you a company that launched. I think this week or last week, and I wanna know what your opinion of it is So it's called Harbor. So harbor dot co. And I wanna tell you what this company is and why it's interesting to me. But I'm not sure if it's gonna work or not, but I wanna hear your opinion of Do you remember deep sentinel? We had,

19:45

Sally,

Sally,

19:46

on the pod. So deep sentinel, I thought it was gonna be huge TBD, verdicts still out. It was basically, I like these businesses where people are monitoring things. So let me give you an example. So

on the pod. So deep sentinel, I thought it was gonna be huge TBD, verdicts still out. It was basically, I like these businesses where people are monitoring things. So let me give you an example. So

19:59

deep sentinel, their tagline is or I don't know if it's their tagline, but the guy said it on the pod, he goes ring is a great way to watch your shit get stolen.

deep sentinel, their tagline is or I don't know if it's their tagline, but the guy said it on the pod, he goes ring is a great way to watch your shit get stolen.

20:07

Which is how it typically works at ring. Like, something like, I've had a bike get stolen before, and I'm like, oh, let me look at the ring. Yep. There's the guy who did it. It is, in fact, stole it.

Which is how it typically works at ring. Like, something like, I've had a bike get stolen before, and I'm like, oh, let me look at the ring. Yep. There's the guy who did it. It is, in fact, stole it.

20:16

And so deep sentinel is different because it's these cameras similar to ring, but there's someone on the other end watching the cameras and they'll call the police. And I've had, like, a drunk Airbnb or think that my house was their Airbnb, and he's, like, knocking on the door at two AM, and they called the police on him and, like, you know, took care of it, whatever.

And so deep sentinel is different because it's these cameras similar to ring, but there's someone on the other end watching the cameras and they'll call the police. And I've had, like, a drunk Airbnb or think that my house was their Airbnb, and he's, like, knocking on the door at two AM, and they called the police on him and, like, you know, took care of it, whatever.

20:33

There's this other thing called harbor. So harbor dot co. It's basically that, but for baby monitors.

There's this other thing called harbor. So harbor dot co. It's basically that, but for baby monitors.

20:40

And I shared the deck with you. Let me know what you think. But basically, you ever heard of, like, sleep training? So, basically, when you when your kid gets to be, like, three or four months old, when they start crying, sometimes you gotta let them cry it out a little bit in order to, like, you know, figure out what's real and what's not real. And it eventually they quit whining and they go back to sleep. They did this, but for baby monitors, so there's someone monitoring the baby monitor. And I think they'll call you or, like, ping your the monitor that they give you to let you know, alright, now you actually should get up. The baby's been crying for, like, nine or ten minutes. It's time to get up, you know. Your baby's crying.

And I shared the deck with you. Let me know what you think. But basically, you ever heard of, like, sleep training? So, basically, when you when your kid gets to be, like, three or four months old, when they start crying, sometimes you gotta let them cry it out a little bit in order to, like, you know, figure out what's real and what's not real. And it eventually they quit whining and they go back to sleep. They did this, but for baby monitors, so there's someone monitoring the baby monitor. And I think they'll call you or, like, ping your the monitor that they give you to let you know, alright, now you actually should get up. The baby's been crying for, like, nine or ten minutes. It's time to get up, you know. Your baby's crying.

21:10

I fucking know.

I fucking know.

21:12

Well,

Well,

21:18

That stands with the commercial.

That stands with the commercial.

21:21

This product Well, we This product makes no sense.

This product Well, we This product makes no sense.

21:24

How big is That's a house. I wanna

How big is That's a house. I wanna

21:27

that's why I wanna hear your opinion on this because we had Jack Smith on the pod. Do you remember when we had him on the pod? And he did the same thing where he set up like a ring camera for his baby monitor, and then he hired someone in India to watch the monitor. I think he used Shepard, actually. He hired someone to watch the monitor and to call a dedicated cell phone just to let him know when the baby's been crying for ten minutes or something like that. And these guys turn that into a product.

that's why I wanna hear your opinion on this because we had Jack Smith on the pod. Do you remember when we had him on the pod? And he did the same thing where he set up like a ring camera for his baby monitor, and then he hired someone in India to watch the monitor. I think he used Shepard, actually. He hired someone to watch the monitor and to call a dedicated cell phone just to let him know when the baby's been crying for ten minutes or something like that. And these guys turn that into a product.

21:51

What do you think about this? Well, I have a couple of thoughts. First is,

What do you think about this? Well, I have a couple of thoughts. First is,

21:55

I love Hassan, the new dad.

I love Hassan, the new dad.

21:58

Is like, you ever heard about sleep training?

Is like, you ever heard about sleep training?

22:01

Talking to me.

Talking to me.

22:03

Father of two.

Father of two.

22:06

It's like if I went and worked out and I was like, bro, you ever heard of Bicep curls?

It's like if I went and worked out and I was like, bro, you ever heard of Bicep curls?

22:11

And they're like, dude, what?

And they're like, dude, what?

22:14

Welcome to the gym.

Welcome to the gym.

22:16

So, yes, I I've under I'm familiar with the idea that babies cry and, you know, sleep can get a little hard for parents. Alright. Second thing. This whole class of products is, like, what I call, like,

So, yes, I I've under I'm familiar with the idea that babies cry and, you know, sleep can get a little hard for parents. Alright. Second thing. This whole class of products is, like, what I call, like,

22:26

It's supposed to be anxiety reduction,

It's supposed to be anxiety reduction,

22:29

but actually it's somewhat anxiety inducing.

but actually it's somewhat anxiety inducing.

22:32

So, you know, the idea would be Hey, you could sleep well knowing that somebody's monitoring your baby at night. And there's a whole bunch of products like this. Like, I don't know if you ever bought, like, the outlet, which is, like, this, like, ankle monitor

So, you know, the idea would be Hey, you could sleep well knowing that somebody's monitoring your baby at night. And there's a whole bunch of products like this. Like, I don't know if you ever bought, like, the outlet, which is, like, this, like, ankle monitor

22:43

for your baby or, like, there's, like, sock version of this. There's, like, a there's, like, another one that's, like, measuring their, like, oxygen, like, at all times or whatever. Hey. I know all about ankle monitors.

for your baby or, like, there's, like, sock version of this. There's, like, a there's, like, another one that's, like, measuring their, like, oxygen, like, at all times or whatever. Hey. I know all about ankle monitors.

22:53

Been there. No. I can tell you all about ankle monitors. You'll see again. Require that.

Been there. No. I can tell you all about ankle monitors. You'll see again. Require that.

23:00

Yeah. I didn't know you could put them on children, but, yeah, I I don't think or think about ankle monitors. Exactly. So,

Yeah. I didn't know you could put them on children, but, yeah, I I don't think or think about ankle monitors. Exactly. So,

23:07

So those all exist and actually have done well. I think I think Owlett did. Alec did pretty well. I know they got in some some trouble, but they I think they ended up going public. What is it? Allet is at is that's what it is. It's the it's the that's the ankle monitor

So those all exist and actually have done well. I think I think Owlett did. Alec did pretty well. I know they got in some some trouble, but they I think they ended up going public. What is it? Allet is at is that's what it is. It's the it's the that's the ankle monitor

23:19

for babies. But the with the key thing being, like, it's measuring. I think they're oxygen levels, so you know if the baby you know, like, because, you know, SIDS is obviously, you know, the biggest, like, you know, nightmare for a parent,

for babies. But the with the key thing being, like, it's measuring. I think they're oxygen levels, so you know if the baby you know, like, because, you know, SIDS is obviously, you know, the biggest, like, you know, nightmare for a parent,

23:30

would be for baby, you know, suddenly in their sleep, you know, stops breathing.

would be for baby, you know, suddenly in their sleep, you know, stops breathing.

23:33

And so the idea was with Owlette, you would get notified if the oxygen, levels go down, which is to me makes way more sense than the let me know if my baby's crying because I know if my baby's crying typically,

And so the idea was with Owlette, you would get notified if the oxygen, levels go down, which is to me makes way more sense than the let me know if my baby's crying because I know if my baby's crying typically,

23:47

you know, through a traditional baby monitor or, like, know, my house is not that big or the baby sleeps in the crib in the same room. Like, you know, that's, I guess,

you know, through a traditional baby monitor or, like, know, my house is not that big or the baby sleeps in the crib in the same room. Like, you know, that's, I guess,

23:55

I think this, I think the outlet stuff makes a lot more sense than harbor.

I think this, I think the outlet stuff makes a lot more sense than harbor.

23:59

So, yeah, I'm not, like, super into this idea,

So, yeah, I'm not, like, super into this idea,

24:02

and that's kind of where I stand. No offense to the people behind the harbor. I'm sure they're great smart people. Guy who started it started Mizinin Maine, that clothing company. You remember the the clothing company that, it's like golf people wear it It's like a popular thing.

and that's kind of where I stand. No offense to the people behind the harbor. I'm sure they're great smart people. Guy who started it started Mizinin Maine, that clothing company. You remember the the clothing company that, it's like golf people wear it It's like a popular thing.

24:15

No. It's not popular amongst in our lives, but it is very popular. Pretty successful. Right? Yeah. It's huge. It's like a hundred million plus. It's like a big thing. But he came out with this thing, and I didn't

No. It's not popular amongst in our lives, but it is very popular. Pretty successful. Right? Yeah. It's huge. It's like a hundred million plus. It's like a big thing. But he came out with this thing, and I didn't

24:26

I I invested a very, very small sum. A a thousand dollars. He's a friend of mine. And I was like, alright, I'll just do a thousand dollars just to play. That that's my version of you buying Google. Is just doing small small investments. But I saw this. And I was like, I don't know. This might actually work. We'll see what happens. But I'm into these things that monitor things.

I I invested a very, very small sum. A a thousand dollars. He's a friend of mine. And I was like, alright, I'll just do a thousand dollars just to play. That that's my version of you buying Google. Is just doing small small investments. But I saw this. And I was like, I don't know. This might actually work. We'll see what happens. But I'm into these things that monitor things.

24:44

Another one, and this is this is a little bit of a shill. This is actually totally a shill. But do you remember my body tutor? I told you all about my body tutor. I used my body tutor. Happy to plug them for free. I'm not a we don't get paid for this. Just a happy customer.

Another one, and this is this is a little bit of a shill. This is actually totally a shill. But do you remember my body tutor? I told you all about my body tutor. I used my body tutor. Happy to plug them for free. I'm not a we don't get paid for this. Just a happy customer.

24:59

I get a little bit paid for it. I'm small stakeholder in this company.

I get a little bit paid for it. I'm small stakeholder in this company.

25:05

I get a little bit paid for it because

I get a little bit paid for it because

25:09

Because here's what they do. They you I use my fitness pal, but you could use their app. But I use my fitness pal, and I upload, like, the calories that I've and all the food that I've eaten, and they basically call me every morning to, like, criticize me and be like, why the hell do you eat this? Is this part of your plan? Or what's your plan today? Or are you gonna do this week? And what type of protein you're gonna eat with today? What type of carbs you're gonna eat today? And they actually, like, hold you accountable for what you're eating. I'm actually

Because here's what they do. They you I use my fitness pal, but you could use their app. But I use my fitness pal, and I upload, like, the calories that I've and all the food that I've eaten, and they basically call me every morning to, like, criticize me and be like, why the hell do you eat this? Is this part of your plan? Or what's your plan today? Or are you gonna do this week? And what type of protein you're gonna eat with today? What type of carbs you're gonna eat today? And they actually, like, hold you accountable for what you're eating. I'm actually

25:33

am getting paid for this. I am a stakeholder in this company. I'm not getting paid directly, but I do have a small stake in this company. And so we did this thing called my body tutor

am getting paid for this. I am a stakeholder in this company. I'm not getting paid directly, but I do have a small stake in this company. And so we did this thing called my body tutor

25:40

dot com slash Sam. It's a little bit of a discount. For our listeners because I do love this stuff. Has it worked with you?

dot com slash Sam. It's a little bit of a discount. For our listeners because I do love this stuff. Has it worked with you?

25:47

Yeah. It's going great. I love the product genuinely,

Yeah. It's going great. I love the product genuinely,

25:51

even though I'm not a not a

even though I'm not a not a

25:53

you know, not promoting. There's no slash Sean.

you know, not promoting. There's no slash Sean.

25:56

But I yeah. Happy customer, my coach Haley is awesome. And,

But I yeah. Happy customer, my coach Haley is awesome. And,

26:00

you know, it's a it's a good reminder. So so most things in life, I I always get surprised when the answer to most things, if you if you trace back. You're like, alright. How do I make this thing happen? And you're like, well, you gotta take a bunch of action. It's cool.

you know, it's a it's a good reminder. So so most things in life, I I always get surprised when the answer to most things, if you if you trace back. You're like, alright. How do I make this thing happen? And you're like, well, you gotta take a bunch of action. It's cool.

26:13

None negotiable. Right? You gotta take a bunch of action. Whatever the thing you want in life is, gotta take a bunch of action. Okay. Well, how do you get to yourself to take a bunch of action? Well, you gotta have the, you know, maybe a strategy, or you maybe have, motivation. Those are some of the elements that go into action. Okay. Where strategy and the motivation.

None negotiable. Right? You gotta take a bunch of action. Whatever the thing you want in life is, gotta take a bunch of action. Okay. Well, how do you get to yourself to take a bunch of action? Well, you gotta have the, you know, maybe a strategy, or you maybe have, motivation. Those are some of the elements that go into action. Okay. Where strategy and the motivation.

26:29

If you just keep going back down the chain, the number one thing is simply awareness.

If you just keep going back down the chain, the number one thing is simply awareness.

26:34

Like,

Like,

26:35

A lot of things in life that aren't happening aren't happening because you haven't actually put your focus on it. Right? The laser beam that's in your brain is pointed elsewhere And you haven't actually brought your awareness to to the situation at hand, and you're not bringing your your awareness to it regularly enough. As a startup, Sam, I'm sure you used to do the same thing. I used to put, like, every day when I'm coming to the office, I draw giant zero on the whiteboards. Like, that's how many paying customers I have.

A lot of things in life that aren't happening aren't happening because you haven't actually put your focus on it. Right? The laser beam that's in your brain is pointed elsewhere And you haven't actually brought your awareness to to the situation at hand, and you're not bringing your your awareness to it regularly enough. As a startup, Sam, I'm sure you used to do the same thing. I used to put, like, every day when I'm coming to the office, I draw giant zero on the whiteboards. Like, that's how many paying customers I have.

26:57

And, you know, I was like, I don't need a dashboard.

And, you know, I was like, I don't need a dashboard.

27:00

I will write this number here every day of how many paying customers I have. And I would write zero every day because I had to look at that. I had to bring my awareness to the fact that I currently have zero paying customers because otherwise, it was very easy to get distracted by a whole bunch of random tasks. But if I started with Well, my main goal is to hit, you know, this many paying customers, and I currently have zero. If I start my day without awareness,

I will write this number here every day of how many paying customers I have. And I would write zero every day because I had to look at that. I had to bring my awareness to the fact that I currently have zero paying customers because otherwise, it was very easy to get distracted by a whole bunch of random tasks. But if I started with Well, my main goal is to hit, you know, this many paying customers, and I currently have zero. If I start my day without awareness,

27:21

then I'm likely to take actions that are in line with changing that number to be what I want. In the same way, you get a phone call in the morning that's like, hey. What's your plan for eating today? And you're like, I don't I don't have a plan. I'm just gonna eat whatever can comes up in front of me. Right? Like, you know, whatever I see, I'll eat. Like, well, that's not right. So then you bring your awareness to, okay, that's right. I do have this goal.

then I'm likely to take actions that are in line with changing that number to be what I want. In the same way, you get a phone call in the morning that's like, hey. What's your plan for eating today? And you're like, I don't I don't have a plan. I'm just gonna eat whatever can comes up in front of me. Right? Like, you know, whatever I see, I'll eat. Like, well, that's not right. So then you bring your awareness to, okay, that's right. I do have this goal.

27:40

I am committed to making this happen. I'm gonna make a plan.

I am committed to making this happen. I'm gonna make a plan.

27:44

And I'm gonna just decide up front. I'm gonna bring my awareness to that. Early and often, or when you take pictures or you log your meals, you're bringing your awareness to what am I eating. Is this in line with what I've senna wanna be eating or not. Right? So I think awareness is actually, like, massively underrated, both in diet, but really any goal you have in life, I think everything is downstream

And I'm gonna just decide up front. I'm gonna bring my awareness to that. Early and often, or when you take pictures or you log your meals, you're bringing your awareness to what am I eating. Is this in line with what I've senna wanna be eating or not. Right? So I think awareness is actually, like, massively underrated, both in diet, but really any goal you have in life, I think everything is downstream

28:03

of first bringing a bunch of awareness to the thing.

of first bringing a bunch of awareness to the thing.

28:06

Yeah, dude. It's changed my life, and that's why I've invested in some of these companies where they, like, monitor stuff for you. And so you're either forced to focus on it or someone else is focusing on it for you.

Yeah, dude. It's changed my life, and that's why I've invested in some of these companies where they, like, monitor stuff for you. And so you're either forced to focus on it or someone else is focusing on it for you.

28:16

Let me tell you one more thing. Have you heard of Pensky Media?

Let me tell you one more thing. Have you heard of Pensky Media?

28:21

No. What is that? You've never heard of that. Okay. So most people have it. That's why I wanted to bring this up. I've been I found this guy a few years ago, and I've been following him. And I spoke to someone who worked at the company, and I didn't realize how big this company is. So let me tell you this story.

No. What is that? You've never heard of that. Okay. So most people have it. That's why I wanted to bring this up. I've been I found this guy a few years ago, and I've been following him. And I spoke to someone who worked at the company, and I didn't realize how big this company is. So let me tell you this story.

28:36

So there's this guy named Jay Pensky,

So there's this guy named Jay Pensky,

28:39

His father is Roger Pensky. Roger Pensky, do you remember in San Francisco? Remember those yellow trucks? They were yellow moving trucks and used to say like Pensky? Yeah. So Roger Pensky, he was a race car driver. He was, like, professional race car driver, and then he started a whole bunch of things, including a moving company, He also owns a

His father is Roger Pensky. Roger Pensky, do you remember in San Francisco? Remember those yellow trucks? They were yellow moving trucks and used to say like Pensky? Yeah. So Roger Pensky, he was a race car driver. He was, like, professional race car driver, and then he started a whole bunch of things, including a moving company, He also owns a

28:59

chain of

chain of

29:00

auto parts store. And so he's the self made billionaire. He's probably close to ninety at this point, but he's like a big Well, he has this son named Jay, and Google Jay Pensky.

auto parts store. And so he's the self made billionaire. He's probably close to ninety at this point, but he's like a big Well, he has this son named Jay, and Google Jay Pensky.

29:10

When I Googled Jay Pensky, I wanted to hate this guy so much.

When I Googled Jay Pensky, I wanted to hate this guy so much.

29:14

Tell me what you see when you Google him. Let me guess. He's too handsome and too rich for you. He's too handsome. He's too rich. I think his wife is a beauty pageant. You could be one of the other.

Tell me what you see when you Google him. Let me guess. He's too handsome and too rich for you. He's too handsome. He's too rich. I think his wife is a beauty pageant. You could be one of the other.

29:26

He's he's yeah. He's got both of them. If this guy has any handyman skills, He's out of here for us. Yeah, dude. I was like filled anything with his bare hands.

He's he's yeah. He's got both of them. If this guy has any handyman skills, He's out of here for us. Yeah, dude. I was like filled anything with his bare hands.

29:35

Too much. Get out of here. I immediately googled, like, Jay Penske shirtless in order to, like, be like, does he have that too?

Too much. Get out of here. I immediately googled, like, Jay Penske shirtless in order to, like, be like, does he have that too?

29:42

Which he does, I think. But I licked this guy up, and I wanted to hate him. And I did research on him,

Which he does, I think. But I licked this guy up, and I wanted to hate him. And I did research on him,

29:47

And I completely love him. I think he has it all. So check this out. So you've never heard of Pensky Media, but let me tell you all the things that they own.

And I completely love him. I think he has it all. So check this out. So you've never heard of Pensky Media, but let me tell you all the things that they own.

29:55

So they own,

So they own,

29:56

south by southwest. They own the Golden Globes, Rolling Stone, the Hollywood reporter, now they own a large chunk, maybe most of Vox,

south by southwest. They own the Golden Globes, Rolling Stone, the Hollywood reporter, now they own a large chunk, maybe most of Vox,

30:05

They own variety. To the home, south by southwest and Rolling Stone, this guy?

They own variety. To the home, south by southwest and Rolling Stone, this guy?

30:09

Yes. Yes. He owns the Hollywood reporter billboard, Women's Ware Daily, New York Magazine,

Yes. Yes. He owns the Hollywood reporter billboard, Women's Ware Daily, New York Magazine,

30:15

eater,

eater,

30:17

the verge,

the verge,

30:18

art news, art form, art in America, the Rob Report you been in the Rob report? Yeah. It's like This this article says he is the Rupert Murdoch of entertainment.

art news, art form, art in America, the Rob Report you been in the Rob report? Yeah. It's like This this article says he is the Rupert Murdoch of entertainment.

30:28

Yes. Exactly.

Yes. Exactly.

30:30

He's really under the radar. Not a lot of people talk about this guy, but Pensky Media. I think it's called,

He's really under the radar. Not a lot of people talk about this guy, but Pensky Media. I think it's called,

30:35

PMC, Pensky Media Corporation.

PMC, Pensky Media Corporation.

30:37

They're pretty under the radar. They own enough publications that something like one and two Americans go to their websites

They're pretty under the radar. They own enough publications that something like one and two Americans go to their websites

30:45

every month. It's massive. They get hundreds of millions of of monthly uniques.

every month. It's massive. They get hundreds of millions of of monthly uniques.

30:49

And they're one of the few media companies that's large that is consistent profitable. They've been killing it for years and years and years. He's originally How did they get started? How did he build this empire?

And they're one of the few media companies that's large that is consistent profitable. They've been killing it for years and years and years. He's originally How did they get started? How did he build this empire?

31:00

Yeah. So he originally started

Yeah. So he originally started

31:02

his first, like, getting into the digital business was when he was in his twenties. He bought mail dot com, and he was like, I'm gonna create a new email service. It didn't work out. And so he eventually sold the domain mail dot com to someone else, and he made a little bit of money doing that. And then he was like, alright. But I wanna get into digital. I still wanna get into media. And so he started I believe it's actually hard to find the the origins of the story, but he started something like an ad network.

his first, like, getting into the digital business was when he was in his twenties. He bought mail dot com, and he was like, I'm gonna create a new email service. It didn't work out. And so he eventually sold the domain mail dot com to someone else, and he made a little bit of money doing that. And then he was like, alright. But I wanna get into digital. I still wanna get into media. And so he started I believe it's actually hard to find the the origins of the story, but he started something like an ad network.

31:28

He starts an ad network in the two thousands,

He starts an ad network in the two thousands,

31:31

and,

and,

31:32

it's going okay. And then they eventually start buying publications to put ads on. And then slowly, slowly, slowly, it starts they start gaining momentum. And over the last twenty years, I think it's the company's like twenty years old at this point. They buy more and more publications. And this guy is, like, he's got a chip on his shoulder because he's the son of a billionaire. And allegedly, is what he says. He says I've taken no money from my parents. I started this with a very small sum, my own money, and I've just slowly rolled this into another thing and another thing and another thing and another thing. And now it's this massive business. And I think two or three years ago, they raised two hundred million dollars in order to further fund acquisitions.

it's going okay. And then they eventually start buying publications to put ads on. And then slowly, slowly, slowly, it starts they start gaining momentum. And over the last twenty years, I think it's the company's like twenty years old at this point. They buy more and more publications. And this guy is, like, he's got a chip on his shoulder because he's the son of a billionaire. And allegedly, is what he says. He says I've taken no money from my parents. I started this with a very small sum, my own money, and I've just slowly rolled this into another thing and another thing and another thing and another thing. And now it's this massive business. And I think two or three years ago, they raised two hundred million dollars in order to further fund acquisitions.

32:07

But people aren't talking about this guy at all, I asked this guy who sold this company, to Pensky.

But people aren't talking about this guy at all, I asked this guy who sold this company, to Pensky.

32:12

And I'm like, what is he so special at? And he says,

And I'm like, what is he so special at? And he says,

32:16

here's a few quotes. People upset about him. They go, I think he has a chip on his shoulder once approved himself. He was hustling,

here's a few quotes. People upset about him. They go, I think he has a chip on his shoulder once approved himself. He was hustling,

32:22

back then, not to be known as Pensky, to prove himself, not to the world, but to his family. And another guy said,

back then, not to be known as Pensky, to prove himself, not to the world, but to his family. And another guy said,

32:28

that he when he hires people, at this point, they have something like a thousand plus people, he interviews every single person who they hire. And when he buys a company, he wants to interview every single person who works there. And they say he's a steward of the brand, and he truly cares. There's this one story about I think it was,

that he when he hires people, at this point, they have something like a thousand plus people, he interviews every single person who they hire. And when he buys a company, he wants to interview every single person who works there. And they say he's a steward of the brand, and he truly cares. There's this one story about I think it was,

32:43

What was it? It was,

What was it? It was,

32:45

a real estate publication owned by this woman that was notoriously rude to everyone. She was, like, hard to

a real estate publication owned by this woman that was notoriously rude to everyone. She was, like, hard to

32:51

work with. She was kind of a diva, and she was just rude constantly. She was one of these Hollywood real estate reporters. And she kinda thought she was on top of the world. And Jay Jay Pense comes in and he's like this good looking, privileged guy. So immediately, she thinks she's gonna hate him, and he totally toned her down and won her over with kindness. And, like, being polite and, like, having your back constantly. And that's been a trend I've noticed with this guy is all these people say that he's just really kind. He's really nice. He's a really, really savvy operator,

work with. She was kind of a diva, and she was just rude constantly. She was one of these Hollywood real estate reporters. And she kinda thought she was on top of the world. And Jay Jay Pense comes in and he's like this good looking, privileged guy. So immediately, she thinks she's gonna hate him, and he totally toned her down and won her over with kindness. And, like, being polite and, like, having your back constantly. And that's been a trend I've noticed with this guy is all these people say that he's just really kind. He's really nice. He's a really, really savvy operator,

33:17

and he's super low key and under the radar. But

and he's super low key and under the radar. But

33:20

this guy Jay, he's one of the biggest names in media, and very few people talking about him.

this guy Jay, he's one of the biggest names in media, and very few people talking about him.

33:26

I love how he's like, I wanna make a name for myself.

I love how he's like, I wanna make a name for myself.

33:29

And he's like, Pensky Media Group. He uses the same name.

And he's like, Pensky Media Group. He uses the same name.

33:32

Also hilarious.

Also hilarious.

33:33

This is fascinating. So he didn't take money from his dad. That's interesting. He took money from the Saudis, and he took money from that guy Daniel Loeb. He's like that, like, the legendary

This is fascinating. So he didn't take money from his dad. That's interesting. He took money from the Saudis, and he took money from that guy Daniel Loeb. He's like that, like, the legendary

33:43

trader.

trader.

33:44

Yeah. But but I think that was, like, fifteen years into the business. I I think that they actually boot shep for a long time. I think they raised two hundred million dollars and a billion dollar valuation. How would he bootstrap it? Like, what was the first pro what was the cash cow? Well, the first CashCal was their ad network that they made. So if you I used web archive, and I went and looked at what their website used to look like, and it was basically, it it reminded me of an ad network. Now this was, like, fifteen years old, I believe.

Yeah. But but I think that was, like, fifteen years into the business. I I think that they actually boot shep for a long time. I think they raised two hundred million dollars and a billion dollar valuation. How would he bootstrap it? Like, what was the first pro what was the cash cow? Well, the first CashCal was their ad network that they made. So if you I used web archive, and I went and looked at what their website used to look like, and it was basically, it it reminded me of an ad network. Now this was, like, fifteen years old, I believe.

34:09

And so, like, a lot of the terminology was even different. And, like, the type of stuff that they were doing isn't really relevant anymore, but it was from, like, owning mail com that he bought for cheap and he sold that for a profit. And then it was like an ad network is what it was. But they've they've run profitable for a really, really long time. So I think this, super cool find. I'd never heard of this guy.

And so, like, a lot of the terminology was even different. And, like, the type of stuff that they were doing isn't really relevant anymore, but it was from, like, owning mail com that he bought for cheap and he sold that for a profit. And then it was like an ad network is what it was. But they've they've run profitable for a really, really long time. So I think this, super cool find. I'd never heard of this guy.

34:29

And I did not know that, you know, the same family owns Pensky, the truck thing. They owned the indie five hundred. They owned, like, the indie car raceway and all that. And then he bought all these brands, like, south by southwest and and whatnot. That's super interesting. Would you wanna do this? Cause this sounds really hard to do.

And I did not know that, you know, the same family owns Pensky, the truck thing. They owned the indie five hundred. They owned, like, the indie car raceway and all that. And then he bought all these brands, like, south by southwest and and whatnot. That's super interesting. Would you wanna do this? Cause this sounds really hard to do.

34:48

In fact, there's a quote here from someone who's like, he's the hardest working guy. I know He's always on planes. He is always on calls. He never he never stops. It's been that way for fifteen years. This seems like like rolling up

In fact, there's a quote here from someone who's like, he's the hardest working guy. I know He's always on planes. He is always on calls. He never he never stops. It's been that way for fifteen years. This seems like like rolling up

35:00

kind of like old school media properties seems like both one of the more dangerous things you could do because media is like I mean, we just saw vice shut down the other day. Media is like,

kind of like old school media properties seems like both one of the more dangerous things you could do because media is like I mean, we just saw vice shut down the other day. Media is like,

35:10

not the most stable,

not the most stable,

35:11

industry. It's not the most profitable industry either.

industry. It's not the most profitable industry either.

35:14

And

And

35:15

owning a portfolio of fifteen things in general and operating them is is No. You know, like, just a hard way to go, a hard way to live. No. I would not wanna do this. I think that this is the worst way to one of the worst ways. Thousand employees.

owning a portfolio of fifteen things in general and operating them is is No. You know, like, just a hard way to go, a hard way to live. No. I would not wanna do this. I think that this is the worst way to one of the worst ways. Thousand employees.

35:28

Yeah. And not only do they have two thousand employees, but it's two thousand,

Yeah. And not only do they have two thousand employees, but it's two thousand,

35:32

like, LA based,

like, LA based,

35:34

you know, so they own or they operate. So, like, do you know, Dick Clark studios? Have you ever seen, like, the Golden Globes or Yeah. Yeah. Remember, like, when the ball drops on,

you know, so they own or they operate. So, like, do you know, Dick Clark studios? Have you ever seen, like, the Golden Globes or Yeah. Yeah. Remember, like, when the ball drops on,

35:43

on, like, NBC, I forget even with network. It's on And it says, like, this is brought to you by Dick Clark Studios or whatever. They own that. And so having to host all those things, no. I would never in a million years wanna do that. But

on, like, NBC, I forget even with network. It's on And it says, like, this is brought to you by Dick Clark Studios or whatever. They own that. And so having to host all those things, no. I would never in a million years wanna do that. But

35:54

someone is doing it, and they're actually doing it successfully. So if you look at Vox or how about buzzfeed? Buzzfeed has a horrible market cap. And they they just sold complex media for less than I think they paid for it. Or,

someone is doing it, and they're actually doing it successfully. So if you look at Vox or how about buzzfeed? Buzzfeed has a horrible market cap. And they they just sold complex media for less than I think they paid for it. Or,

36:06

I mean, what what what other media company did you just mention?

I mean, what what what other media company did you just mention?

36:10

Vice vice dot com. They just shut down. No. I think this is an awful way to do it. However,

Vice vice dot com. They just shut down. No. I think this is an awful way to do it. However,

36:15

it can be done. And this is the only guy who's proving that it can be done at that size. And so

it can be done. And this is the only guy who's proving that it can be done at that size. And so

36:21

the way that he's doing it is they're just being a really good operator. And so

the way that he's doing it is they're just being a really good operator. And so

36:25

he balances letting people do their thing, but also he he

he balances letting people do their thing, but also he he

36:28

is, like, pretty strict about operations. So he expects a certain amount of profit, things like that, and he still owns sixty percent of the company. And so what I wanna do this? Absolutely not. But do I still think it's cool? Yes.

is, like, pretty strict about operations. So he expects a certain amount of profit, things like that, and he still owns sixty percent of the company. And so what I wanna do this? Absolutely not. But do I still think it's cool? Yes.

36:40

He and if you by the way, if you Google his name, I was trying to figure out, like,

He and if you by the way, if you Google his name, I was trying to figure out, like,

36:45

where's chinks in this guy's armor? Like, where's he screwing up?

where's chinks in this guy's armor? Like, where's he screwing up?

36:48

The only thing that I could find was he got arrested

The only thing that I could find was he got arrested

36:51

for

for

36:52

kissing outside when he was drunk on, like, Nantucket or Martha's Vineyard

kissing outside when he was drunk on, like, Nantucket or Martha's Vineyard

36:56

and so that, like, that

and so that, like, that

36:57

that was, like, the only time that I've noticed that that people really have disliked him. In general, he's Gotcha. Yeah.

that was, like, the only time that I've noticed that that people really have disliked him. In general, he's Gotcha. Yeah.

37:05

See, you're not perfect. By the way, I said that his, wife was a, like,

See, you're not perfect. By the way, I said that his, wife was a, like,

37:10

miss America winner. She's actually a Victoria's Secret model. So

miss America winner. She's actually a Victoria's Secret model. So

37:14

he's doing great in many different aspects of his life. But I I thought that this guy It's actually better to just pause after just be like, so

he's doing great in many different aspects of his life. But I I thought that this guy It's actually better to just pause after just be like, so

37:23

You see, do it alright. Let it all be let let the air answer the question there. He's doing alright.

You see, do it alright. Let it all be let let the air answer the question there. He's doing alright.

37:29

But he you know, have you ever heard of Si New House, do you know who side New House is?

But he you know, have you ever heard of Si New House, do you know who side New House is?

37:34

No. But I have an idea for you real quick.

No. But I have an idea for you real quick.

37:36

I've noticed, and many of the listeners have noticed,

I've noticed, and many of the listeners have noticed,

37:40

that you

that you

37:42

Love a good looking man. I think you should create

Love a good looking man. I think you should create

37:45

the Forbes thirtieth. I think you should create the par

the Forbes thirtieth. I think you should create the par

37:49

thirty studs under thirty. And it's just great looking businessmen. Just dreamy hunks.

thirty studs under thirty. And it's just great looking businessmen. Just dreamy hunks.

37:57

Dude, so many times

Dude, so many times

38:01

people in the comments, they think I'm gay or they'll comment on how I

people in the comments, they think I'm gay or they'll comment on how I

38:05

comment. I wonder why, dude. You're like, I googled this guy shirtless.

comment. I wonder why, dude. You're like, I googled this guy shirtless.

38:11

What did I read?

What did I read?

38:13

For the record.

For the record.

38:15

I'm not gay,

I'm not gay,

38:17

but I can appreciate when someone's really hits.

but I can appreciate when someone's really hits.

38:20

So sue me.

So sue me.

38:21

So sue me.

So sue me.

38:23

I love art. Long walks on the beach and a nice body.

I love art. Long walks on the beach and a nice body.

38:27

Yeah. Who's it on?

Yeah. Who's it on?

38:29

Dude, it's pretty, yeah, a lot of people do think I'm gay because I remember we we were talking track athlete, and I was like, look at his calves. You see those calves? I'm sorry. Yeah. I I can admire. You know? I can admire.

Dude, it's pretty, yeah, a lot of people do think I'm gay because I remember we we were talking track athlete, and I was like, look at his calves. You see those calves? I'm sorry. Yeah. I I can admire. You know? I can admire.

38:39

Well, your hand was like making a cupping motion while you were saying That was just

Well, your hand was like making a cupping motion while you were saying That was just

38:44

That's alright. I'm fine with people thinking I'm gay. That's okay. I'll tell whatever.

That's alright. I'm fine with people thinking I'm gay. That's okay. I'll tell whatever.

38:50

Anyway, interesting guy who's under the radar that's doing stuff that you use, but you probably never knew who was behind it. That's what I wanted to bring it Okay. I like it. Alright.

Anyway, interesting guy who's under the radar that's doing stuff that you use, but you probably never knew who was behind it. That's what I wanted to bring it Okay. I like it. Alright.

38:59

Sam,

Sam,

39:00

you brought some fire today. The Pensky thing was awesome.

you brought some fire today. The Pensky thing was awesome.

39:04

Pelosi,

Pelosi,

39:05

We're keeping an eye on her. I got my stock pick. I got my stock pick in. We're gonna check on that one in five years and see how I did.

We're keeping an eye on her. I got my stock pick. I got my stock pick in. We're gonna check on that one in five years and see how I did.

39:12

Good episode. That's all for the bot. Actually, we're trying something new. So we have a a new format for the next episode that we're calling the quickie. And the quickie episode is just quick hitters.

Good episode. That's all for the bot. Actually, we're trying something new. So we have a a new format for the next episode that we're calling the quickie. And the quickie episode is just quick hitters.

39:22

Little basically, throughout the week me and Sam see a bunch of things that are really interesting, but they're they're kinda short. They're not like They're just like, hey, did you see this check this out? This is something really interesting I saw. And the stuff that we normally just share in our group chat, because everybody likes it, we didn't know how to make it into a pod, so we're actually gonna just take the best ones from the week and put them together as a little Friday quickie of quick hitters. So check that out. Alright. That's the pod.

Little basically, throughout the week me and Sam see a bunch of things that are really interesting, but they're they're kinda short. They're not like They're just like, hey, did you see this check this out? This is something really interesting I saw. And the stuff that we normally just share in our group chat, because everybody likes it, we didn't know how to make it into a pod, so we're actually gonna just take the best ones from the week and put them together as a little Friday quickie of quick hitters. So check that out. Alright. That's the pod.

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