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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. This is Masters in

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Speaker 1: Business with Barry Ritholts on Bloomberg Radio.

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Speaker 2: Happy Holidays and we have an extra special holiday podcast

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Speaker 2: at the Newport Ordering Concourse to Elegance, I sit down

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Speaker 2: with Jay Leno talking about cars, comedy, watches, and pretty

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Speaker 2: much everything else. Jay's a fascinating guy who's created really

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Speaker 2: an amazing career. I thought this conversation was super interesting,

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Speaker 2: and I think you will also with no further ado,

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Speaker 2: my conversation with the former host of the Tonight Show,

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Speaker 2: Jay Leno. Jake, thank you so much for joining us,

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Speaker 2: for having me. So let's start out a little bit

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Speaker 2: talking about your background. Born in New Rochelle, you grow

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Speaker 2: up in andover Massachusetts. Which interest came first? Cars or comedy?

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Speaker 3: Well, when you grew up in a little rural town,

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Speaker 3: you don't think of comedy as a as a job.

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Speaker 4: You know it was then they was you know, Kathy's

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Speaker 4: boy wants to be comedian. He'll grow out of that,

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Speaker 4: don't worry, Kathy.

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Speaker 3: You know that that kind of you know, people just

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Speaker 3: it didn't seem like a viable but you know, you

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Speaker 3: go to Hollywood, you'd be kids want to be lighting

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Speaker 3: directors or costumers or because they know people that did

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Speaker 3: that right now.

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Speaker 4: But when you're an andro, it's like what commune?

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Speaker 2: So what sparked your interest in comedy? How did you

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Speaker 2: find that past?

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Speaker 3: You know, I had very good teachers when I was

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Speaker 3: in high school. I had a HNGLIS chief, Missus Hawks,

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Speaker 3: and being dyslexik, I was not the best student.

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Speaker 4: And you know, she said, I always see making jokes

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Speaker 4: in classes. So do you ever think of writing comedy?

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Speaker 4: I said, well, I never thought would be a job.

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Speaker 4: Oh you should say, oh yeah, I said, I'll tell you.

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Speaker 3: Why don't you Maybe you could instead of writing a

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Speaker 3: paper for the final, you give a talk, you know.

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Speaker 3: And I said, okay, And I tried to put some

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Speaker 3: kids style jokes in and it was the first time

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Speaker 3: in my life I actually enjoyed doing homework.

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Speaker 4: And oh, maybe I can make a living doing this.

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Speaker 4: But it's a kid you know. I think people in

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Speaker 4: the community. Do you tend to remember things that are funny,

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Speaker 4: things that get a reaction? You know.

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Speaker 3: I was in the fourth grade and Missus Allen was

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Speaker 3: my teacher, and I always remember this.

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Speaker 4: She was telling us.

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Speaker 3: About Robin Hood and how cruel. The Sheriff of Nottingham

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Speaker 3: was and he would boil Robin's men in oil. And

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Speaker 3: I put my hand up and I said, you know

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Speaker 3: why he did that's to Tuck And she said, no,

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Speaker 3: why because he was a friar.

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Speaker 4: Okay, okay, And then she does one of these it's

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Speaker 4: not funny, just stop that, like, oh, she's kind of laughing,

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Speaker 4: you know.

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Speaker 3: But the real kicker was later in the day, I'm

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Speaker 3: walking past the teacher's lounge. Give me, what did you

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Speaker 3: say about falk I said, I went, oh, she told

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Speaker 3: my joke in the teacher's lounge and I said, oh,

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Speaker 3: I said he was a fresh Oh that's oh, that's

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Speaker 3: very funny thing.

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Speaker 4: And I went, oh, that's that's pretty good. And I thought,

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Speaker 4: And when you were a kid, you know people that

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Speaker 4: you tend to remember things that get a laugh.

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Speaker 2: You just sat a little bit of attention.

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Speaker 4: Yeah, you put them in your mind.

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Speaker 3: It makes a little indentation, you know. So that was

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Speaker 3: always something I enjoyed doing at ours. Remembered it, but again,

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Speaker 3: I never thought I could make a living doing.

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Speaker 2: Who were your comedic influences when you were growing up?

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Speaker 3: Oh, Robert Klin, George Carlin, Richard Pryor, primarily Client because

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Speaker 3: Client was like me, middle class white kid.

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Speaker 4: You know, most comedians that.

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Speaker 3: Time tend to be uh, grew up during the depression,

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Speaker 3: Anny Youngman, all those kind of guys, you know, kids

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Speaker 3: today with the long hair, you know, all that kind

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Speaker 3: of stuff.

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Speaker 4: Right, Yeah, and then it all along comes Rubber.

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Speaker 3: Klein and once again George Carlin, Richard pryor Bill Cosby

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Speaker 3: before the recent turn of events, you.

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Speaker 4: Know, so it was, yeah, those were my influences.

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Speaker 2: So since we're at the ordering concourse and MotorWeek, let's

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Speaker 2: talk a little bit about cars. Good transition, right, Your

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Speaker 2: first Your first car was a thirty four to for

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Speaker 2: at stock. What'd you do to it?

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Speaker 3: I saw my dad and I were driving past the

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Speaker 3: Tip Top Miniature Golf in North Reading, Massachusetts. It was

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Speaker 3: parked at the shell station with a sale sign. I

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Speaker 3: went and I bought it.

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Speaker 2: What'd you pay for that?

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Speaker 4: Through fifty?

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Speaker 3: Which was a lot of money, yes, in nineteen sixty five,

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Speaker 3: But I had been working McDonald's and I'd saved some money,

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Speaker 3: and you know, so then we dragged you back to

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Speaker 3: my house, and I took a couple of years to

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Speaker 3: get it running, and I got my license and I

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Speaker 3: drove it every day to school.

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Speaker 2: Self taught mechanic. What do you mean you took a

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Speaker 2: couple of years to get self.

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Speaker 3: Well, yeah, I mean just you know your kid, you're

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Speaker 3: playing with it after school, you know that kind of thing.

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Speaker 4: Yeah, it took me a couple of years to learn. Yeah,

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Speaker 4: I guess self taught would be a fair way to say.

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Speaker 2: So thirty four Ford is the gateway drug. At what

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Speaker 2: point did you realize this is more than a hobby,

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Speaker 2: This became something of a passion.

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Speaker 4: We have a ride full of cars. Perhaps this is

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Speaker 4: more than a yeah.

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Speaker 2: Yeah, well how many cars is too many? At what

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Speaker 2: point do you need help?

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Speaker 3: And fourteen on the road now, plus the motorcycles you

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Speaker 3: see I.

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Speaker 4: Watch the show Hoarders and go the guy's fine, it's

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Speaker 4: a problem, man. You can still get to the bathroom.

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Speaker 2: Look, but that's old newspapers. You have motorcycles and cars

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Speaker 2: something a little.

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Speaker 4: More reason when your parents did the same.

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Speaker 2: Thing, right, So how do you decide of the two

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Speaker 2: hundred and fourteen cars which one you're going to take?

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Speaker 4: That say, that's the first world problem?

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Speaker 2: Not very much so.

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Speaker 4: People don't want to hear a rich guy, go how

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Speaker 4: do I just I just can't decide. Oh have jeeves

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Speaker 4: do it?

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Speaker 2: No?

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Speaker 3: I mean whatever working on? If I do one, I'll

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Speaker 3: change a day. It takes eighteen months. You have to

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Speaker 3: look at it that way. So whatever you've just worked

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Speaker 3: on is, oh, let me let me drive it home

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Speaker 3: to see if it's okay.

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Speaker 4: So that's what I enjoy.

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Speaker 2: So you're a little bi cooastal. You're in LA, but

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Speaker 2: you also have a place here in Newport?

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Speaker 4: Do you have a place And I also have a

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Speaker 4: house and Ander and Massachusetts where I grew up.

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Speaker 2: Do you do you keep any cars out here as well?

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Speaker 4: I don't because of the weather. And you know, so what.

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Speaker 2: Do you drive on?

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Speaker 3: I'm one of these people really touch my car, you know?

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Speaker 3: So if I if my car was on another coast, Oh,

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Speaker 3: that would be horrible.

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Speaker 4: Like we go out to eat. If if I can't

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Speaker 4: see the restaurant from my table, we're.

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Speaker 2: Not eating here any That's it.

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Speaker 4: Yeah.

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Speaker 2: Yeah, So I'm curious how Leno's garage came about. I

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Speaker 2: have this fantasy that your accountant says to you.

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Speaker 3: No, no, no, I have a garage. I have friends

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Speaker 3: with cameras. I'm on TV already. It seems like a

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Speaker 3: fairly natural transition. So why don't you take the TV

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Speaker 3: hobby and put it on TV? In this way you

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Speaker 3: try to, you know, monetize as much as you can.

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Speaker 3: I did it for nothing for the first I guess

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Speaker 3: fifteen years. Really, Yeah, you know, just because I enjoyed

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Speaker 3: doing and it was fun and.

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Speaker 4: It just opens up another you know, you should have something.

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Speaker 3: I'm not a particularly interesting person, you know, so if

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Speaker 3: you have other things of interest that other people like,

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Speaker 3: then you have something in common you can talk about it.

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Speaker 3: So cars, motorcycles, anything that rolls, explodes, makes no issues

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Speaker 3: is interesting.

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Speaker 2: Do you know what the cars that are top of

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Speaker 2: the list here are going to be? Have you walked

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Speaker 2: around seen much so far? Yeah?

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Speaker 4: You have some of the best cars in the world here.

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Speaker 4: This is quite an event. You are and inevitably you

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Speaker 4: see something you've never seen before or or never even

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Speaker 4: heard of.

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Speaker 3: You know, they're all countries are working on automobiles in

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Speaker 3: different you know, you had cars and Czechoslovakia the people,

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Speaker 3: but on the other side of the mountains never heard of,

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Speaker 3: you know, like a Tatra, a very unusual car. Most

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Speaker 3: America has never seen one but it's very popular in

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Speaker 3: Czechoslovakia or what.

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Speaker 4: Was then check Withakia did so. Yeah.

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Speaker 3: So it's a fascinating hobby and a nice thing about

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Speaker 3: it is it's no more than really one hundred.

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Speaker 4: And fifty years old.

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Speaker 3: You know, if you like, if you're like Egyptology, well

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Speaker 3: now you've got to go back six thousand years and

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Speaker 3: stand in hot sun and dig in the sand. And

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Speaker 3: you know that with cars you only have to go

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Speaker 3: back a few years.

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Speaker 2: We took a walk down the boulevard earlier. The two

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Speaker 2: that kind of leapt out to me, aside from the

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Speaker 2: goal wing I know you have. One of those was

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Speaker 2: the Talbot Lagos Spectacular.

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Speaker 4: Yeah, very interesting, that very art deco.

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Speaker 3: You know, it's only in recent years cars are seen

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Speaker 3: as kinetic.

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Speaker 4: Artwork, right, you know, it used to be just an

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Speaker 4: old car.

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Speaker 3: But now people are looking at them and I mean

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Speaker 3: it's you know, by painting that this for one hundred

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Speaker 3: million dollars something that rolls down on the road looks

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Speaker 3: pretty as a practical.

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Speaker 4: Element to it. So and only close to tenth as much, Yeah,

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Speaker 4: across the tent, or sometimes almost as much.

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Speaker 3: I mean Ferraris go for the I think the last

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Speaker 3: Ferra sold for seventy five million dollars.

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Speaker 4: I mean, it's pretty crazy.

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Speaker 2: That's a one of one though, right, No, no, that's

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Speaker 2: one of thirteen thirteen. Wow, I also saw them and

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Speaker 2: there wasn't a sign on it, So I'm doing this

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Speaker 2: by sight. But a Mercedes SK five hundred, the giant

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Speaker 2: front fenders as yeah, spectacular, also, they are there.

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Speaker 3: I try to enjoy some suspicious things happened in Germany,

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Speaker 3: even the thirty to the middle forties.

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Speaker 4: I tend to avoid those for obvious reasons. But the

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Speaker 4: early ones I love you.

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Speaker 2: So let's let let's talk about some of these classic designs.

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Speaker 2: What do you think has aged especially well? What looks good?

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Speaker 2: Perhaps that wasn't thought of so well when it first

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Speaker 2: came out?

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Speaker 4: Oh oh what an age Rowler wasn't thought when the

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Speaker 4: first came up. It's two different.

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Speaker 3: I mean, shapes evolve. I mean cars used to change

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Speaker 3: just for the sake of change. Now they change mostly

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Speaker 3: because of aerodynamics and efficiency and things of that nature.

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Speaker 5: You know.

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Speaker 3: I mean, a pres is about an efficient shape as

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Speaker 3: you can get, but it's not It's attractive enough, but

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Speaker 3: it's not striking.

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Speaker 4: It doesn't take your breath away the way some ferraris

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Speaker 4: by Piniferen or whatever. You know. Back in the in.

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Speaker 3: The twenties, thirties, forties, fifties, things are drawn by hand.

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Speaker 4: So there's there's a flow, yeah, flow.

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Speaker 5: Yeah.

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Speaker 4: Now everything is sort of computer design. You have all

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Speaker 4: these sort of weird angles and things like that. But

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Speaker 4: you know.

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Speaker 3: The best looking cars are both masculine and feminine, like

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Speaker 3: an xke. I don't know any women that don't find

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Speaker 3: Jaguars attractive.

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Speaker 4: Even women don't know anything about cars.

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Speaker 3: It's something about because it has a feminine element to it,

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Speaker 3: but then it has the rear haunches and so it

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Speaker 3: has a masculine so.

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Speaker 4: It's a little bit of both to it. You know,

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Speaker 4: a lot of cars look.

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Speaker 3: Too brutal, you know, lambergoody, kuoncash, thse look like guy

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Speaker 3: cars you drive When of the girls.

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Speaker 4: Go how old are you? Your boy took it? You

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Speaker 4: pull them a jag.

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Speaker 2: You're like, oh, well that So sometimes the proportions, the shapes,

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Speaker 2: the lines, they speak to everybody. They're universal.

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Speaker 3: Yeah, I mean the trick is, well, if it speaks

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Speaker 3: to everybody, then you have a Corolla, you know the best,

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Speaker 3: cause some people love it.

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Speaker 4: Some people hate.

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Speaker 3: Anything that gets emotion going is probably going to work

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Speaker 3: on some level, you know. I remember talking to Bob

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Speaker 3: Let's about this when the viper came out and said,

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Speaker 3: a lot of people think it looks like a cartoon car.

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Speaker 3: It's a bit over exaggerating because we're not trying to

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Speaker 3: sell it to them.

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Speaker 4: We're trying to sell it to the people think it

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Speaker 4: looks good. And there's enough them out.

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Speaker 2: There, you know for sure. So so let's talk about

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Speaker 2: people have to ask you questions about cars all the time.

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Speaker 4: But they don't have to actually, most of them just

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Speaker 4: people must.

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Speaker 2: I assume lots of people do. When someone asks you

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Speaker 2: for a recommendation, what what What do you recommend as

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Speaker 2: a good cheap set of wheels for a budding enthusiasts.

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Speaker 4: Well, you know there are almost for an enthusiast, or

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Speaker 4: for transportation.

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Speaker 2: Transportation is easy. I mean someone who wants something fun

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Speaker 2: for the weekly.

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Speaker 3: Well, first they tell me what it is they're looking for,

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Speaker 3: you know, I mean obviously our cars, Mustangs, Camaros, things

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Speaker 3: in this nature, any.

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Speaker 4: Sort of two seated supports car. Yeah, there's plenty of

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Speaker 4: choices out there. You don't need me for that.

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Speaker 2: So this event is sponsored in part by Alanga and Sona.

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Speaker 2: We're both wearing long watches. What drew you to watches?

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Speaker 4: I paid for mine? So did I? You did?

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Speaker 2: I paid for mine also, so so, and you probably

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Speaker 2: have access to more of these than I can get.

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Speaker 4: So well, it's interesting.

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Speaker 3: You know, watchmaking and automotive things have a lot in

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Speaker 3: common because they're both extremely mechanical. Most watch people don't

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Speaker 3: really like electric watches the same way they don't.

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Speaker 4: Like quartz watches. Quart watches are obviously the most accurate

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Speaker 4: you can get, but don't appear to have a soul

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Speaker 4: to them.

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Speaker 3: You know, these kind of things. When you turn to

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Speaker 3: hear the the you know, it's a sort of the car.

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Speaker 3: The watch needs you. If you don't wind it, it

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Speaker 3: won't run.

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Speaker 4: So there's a human element that needs to be attached

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Speaker 4: to watch to get it to the run, you know.

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Speaker 2: And if you flip it over you can see the

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Speaker 2: absolute spectacular mechanicals on you. Yeah, it's a beautiful job, right,

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Speaker 2: so so very parallel the precision and the intricacy of

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Speaker 2: a mechanical watch and a classical automobile.

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Speaker 4: Yeah, yeah, I seen them as a somewhat similar I mean,

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Speaker 4: I like the things that need me. You know, my

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Speaker 4: cars need me because I need to do certain things

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Speaker 4: to make sure they run correctly. Electric cars kind of run.

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Speaker 4: The matter who the master is, you know, It's about

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Speaker 4: like that screen door. After a while you learn it

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Speaker 4: has to be shut a certain way and normal people

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Speaker 4: can't do it. But you know that you lift it

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Speaker 4: and turn it just a quarter of an inch, Oh

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Speaker 4: it will click.

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Speaker 2: In coming up, we continue our conversation with Jay Leno

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Speaker 2: line from the Newport Au Drain Concourse the Elegance, discussing

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Speaker 2: how a career in comedy and car collecting led to

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Speaker 2: a fascination with mechanical time pieces. I'm Barry Ritolts. You're

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Speaker 2: listening to Masters in Business on Bloomberg Radio. I'm Barry Ridolts.

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Speaker 2: You're listening to Masters in Business on Bloomberg Radio. My

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Speaker 2: extra special guest this week is Jay Leno, comedian, car

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Speaker 2: collector time piece enthusiast. Let's return to our conversation live

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Speaker 2: at the Newport Or Drain Concourse, Delegance. What are your

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Speaker 2: thoughts on on the new evs and hybrids that are

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Speaker 2: coming out? What does this do to the collectible market?

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Speaker 2: I believe you have a Tesla plaid is that it's.

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Speaker 4: A great look.

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Speaker 3: I use my electric car during the week I mean,

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Speaker 3: sitting on the freeway in a forty nineteen sixty six

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Speaker 3: Hemi for twenty six. It gets three miles per gallon.

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Speaker 3: It doesn't really make a lot of sense. You're not

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Speaker 3: going fast, You're not You're just annoying people and poisoning

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Speaker 3: the atmosphere.

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Speaker 4: So you take your electric car. Then on the weekends,

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Speaker 4: if there's a car rally, you drive your Mustang or

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Speaker 4: whatever car you have to the rally and you sit around.

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Speaker 3: You tell lies about it to other people, and they

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Speaker 3: tell you lies about their car, and you know, it's just.

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Speaker 4: Sort of a little bit of interaction, you know.

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Speaker 2: So, so I mentioned the precision of automobiles in the

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Speaker 2: precision of watches. You have famously been touring for forty years,

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Speaker 2: forty plus years. When you put together a stand up set,

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Speaker 2: do you put the same sort of precision into structuring

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Speaker 2: that set?

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Speaker 4: You like to think?

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Speaker 3: So, I mean you want to have a joke every

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Speaker 3: six to nine seconds. It's a bit like spinning plates

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Speaker 3: to the Tullivan showdre and then then you want to

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Speaker 3: keep it going, you know.

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Speaker 4: So you want to make sure that the people. You're

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Speaker 4: not wasting people's time. I hate people. How are you

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Speaker 4: all doing? Boom and by from Boston, Boston. Yeah, okay,

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Speaker 4: that's not comedy. You've wasted forty seconds, you know, get right, Yeah,

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Speaker 4: keep it moving.

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Speaker 3: You know when you watch Rodney Rodney was I was

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Speaker 3: a big fan of Rodney did Interfield and.

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Speaker 4: It was it was the economy of words.

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Speaker 3: It's getting the funniest words you can in the shortest

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Speaker 3: amount of time. You know, Rodney had jokes I love

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Speaker 3: like I worked practice strip joint and said topless and bottomless.

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Speaker 4: I went in there was nobody there. I mean, it's

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Speaker 4: a funny joke. I mean because I didn't waste your time.

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Speaker 4: It wasn't a three minute setup. You know, one of

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Speaker 4: those favorite jokes. It's so stupid.

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Speaker 3: My doctor wanted a semen sample, a stool sample, and

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Speaker 3: a year one sample.

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Speaker 4: So I gave my undepands. I mean, okay, but it's

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Speaker 4: quick boom boom boom. You're not You're not wasting people's time.

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Speaker 2: Really interesting, So you've been known as somebody who just

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Speaker 2: has toured his whole career, even during what was it

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Speaker 2: twenty two years of the Tonight show, you still were

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Speaker 2: doing stand up on a regular basis.

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Speaker 3: Well, when you're on television, you rely on one hundred

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Speaker 3: and seventy five other people. They really can't do the

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Speaker 3: show without all the elements to it. And when you

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Speaker 3: go out on the road, you're by yourself. You rise

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Speaker 3: a fall strictly on your own nobility, and I like that.

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Speaker 3: You get all the blame, but you also got all

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Speaker 3: the glory and.

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Speaker 4: I like that.

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Speaker 3: Plus it's piecemeal, right, joke, tell joke, get check boom,

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Speaker 3: next show.

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Speaker 4: Nobody says, you know the jokes you told two months

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Speaker 4: ago and they're not working out. Come back. You got

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Speaker 4: to come back and do the show again. You don't

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Speaker 4: have to do that.

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Speaker 3: You know, on TV you get there so many irons

378
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Speaker 3: in the fire and what you're dealing with. You know,

379
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Speaker 3: my favorite TV line of all time. When NBC was

380
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Speaker 3: letting me go, I said, you know, I've been number

381
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Speaker 3: one for twenty three years, well for eighteen eighteen of

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Speaker 3: the twenty three years, and they said, we want what's

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Speaker 3: above number one?

384
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Speaker 4: I said, okay, what what is above? What is above number?

385
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Speaker 4: I mean, it just made me laugh and even they

386
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Speaker 4: realize how stupid that sounds. I said, what do you mean,

387
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Speaker 4: how can you have? What's the bud? Just tell me,

388
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Speaker 4: somebody tell me what. It just made me laugh.

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Speaker 2: So since this is Bloomberger Financial Network, let's let's talk

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Speaker 2: a little bit about money.

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Speaker 4: All right.

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Speaker 2: You are known as someone who is savvy with your money.

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Speaker 2: You only spent the money you earned.

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Speaker 4: Well, I'm not savvy. I'm dyslexic.

395
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Speaker 3: Yeah, okay, So consequently I don't really understand it.

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Speaker 4: All I know is my I work and my money relaxes.

397
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Speaker 4: That's my Thay.

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Speaker 3: I don't want my money out working for me because

399
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Speaker 3: he's going to screw up somewhere.

400
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Speaker 4: I don't want that.

401
00:18:36,160 --> 00:18:39,480
Speaker 3: Whenever I hear and there's minimal risk, and I hear

402
00:18:39,520 --> 00:18:42,119
Speaker 3: the word risk and minimals, that means they're going to

403
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Speaker 3: lose something right now.

404
00:18:43,520 --> 00:18:47,119
Speaker 4: No, I know, I don't. I always had, even as

405
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Speaker 4: a kid.

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Speaker 3: I worked at Wilmington Ford, I worked at McDonald's. Whichever

407
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Speaker 3: job made the most, I banked and the other money

408
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Speaker 3: was my.

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Speaker 2: You did the same with it Tonight Show. You banked

410
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Speaker 2: to Tonight Show, you have.

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Speaker 3: A touch to check In twenty two years of the

412
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Speaker 3: Tonight Show, I banked everything I lived on the money

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Speaker 3: I made as a comedian.

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Speaker 4: Then when I when I uh, when the show ended, Oh,

415
00:19:07,520 --> 00:19:10,280
Speaker 4: opened this little past book. Oh look this, it's quite

416
00:19:10,320 --> 00:19:12,600
Speaker 4: a bit of money here. You know this is good.

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Speaker 1: Yeah.

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Speaker 2: So when you started collecting cars, did you ever envision

419
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Speaker 2: this collection would get this large or this valuable.

420
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Speaker 4: No? I never thought that.

421
00:19:22,320 --> 00:19:22,399
Speaker 5: No.

422
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Speaker 3: When I I remember, I would sleep in the alleys

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Speaker 3: in New York and it was the most depressing. I

424
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Speaker 3: remember sleeping in an alley. It's one of those alleys.

425
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Speaker 3: Were guys who would come with hookers and I'd be

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Speaker 3: in the back, just hideing behind some trash cans and

427
00:19:35,040 --> 00:19:35,960
Speaker 3: they were doing up.

428
00:19:36,000 --> 00:19:36,200
Speaker 1: Again.

429
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Speaker 4: Really, this is my life now, I mean it was

430
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Speaker 4: like the most horrible.

431
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Speaker 2: Really on the road you were that.

432
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Speaker 4: I'm hard travel I'm forty fourth and ninth. There was Dike's.

433
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Speaker 3: Lumberyard right across the way from from the alley where

434
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Speaker 3: I slept a couple of nights.

435
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Speaker 4: I could see Dyke's lumber yard.

436
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Speaker 3: I always had that in my mind, and hookers would commanded,

437
00:19:55,440 --> 00:19:56,680
Speaker 3: it's just.

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Speaker 4: Horrible, it's terrible. They just hear terrible sounds. It's horrible.

439
00:20:00,119 --> 00:20:02,639
Speaker 4: I said, really, this is my life, this is what

440
00:20:02,680 --> 00:20:06,760
Speaker 4: it is. Now you know, so everything better than that

441
00:20:07,320 --> 00:20:07,920
Speaker 4: was gravy.

442
00:20:08,240 --> 00:20:10,879
Speaker 2: Yeah, well it's been a little bit of gravy. You

443
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Speaker 2: recently had a going you found in a barn. You

444
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Speaker 2: had a number of No, No, I didn't.

445
00:20:16,200 --> 00:20:19,440
Speaker 4: I didn't buy that. I didn't buy that car was found.

446
00:20:19,520 --> 00:20:22,000
Speaker 3: They were sold for ten million dollars and we had

447
00:20:22,000 --> 00:20:23,520
Speaker 3: the own We had it on the show, We had

448
00:20:23,520 --> 00:20:24,200
Speaker 3: it on the show.

449
00:20:24,280 --> 00:20:26,399
Speaker 4: Yes, I did not. I would like to have owned

450
00:20:26,400 --> 00:20:28,359
Speaker 4: that car, but no, I didn't buy it.

451
00:20:28,480 --> 00:20:32,560
Speaker 2: Didn't You find a number of barn finds cars? What

452
00:20:32,920 --> 00:20:34,400
Speaker 2: are some of the more memorable ones?

453
00:20:36,040 --> 00:20:38,360
Speaker 3: Well, the most recent rob was in nineteen sixty three

454
00:20:38,440 --> 00:20:43,680
Speaker 3: Jaguar XK. The guy bought it in sixty two, started

455
00:20:43,760 --> 00:20:49,840
Speaker 3: drinking about sixty six sixty seven, became a hoarder, just

456
00:20:49,880 --> 00:20:51,640
Speaker 3: had trash piled on top of it.

457
00:20:54,240 --> 00:20:58,480
Speaker 4: When he died, the family called me. They said, Cris

458
00:20:58,560 --> 00:21:01,440
Speaker 4: right across the street, my uncle's had some kind of car.

459
00:21:01,520 --> 00:21:04,000
Speaker 4: We don't know what it was. And it was a Jaguar.

460
00:21:04,080 --> 00:21:07,440
Speaker 4: And I said, and this is really the best write.

461
00:21:07,960 --> 00:21:11,720
Speaker 4: I said, look google it. Find out what's their worth. Okay,

462
00:21:12,240 --> 00:21:15,359
Speaker 4: find out what they're worth and let me know and

463
00:21:15,400 --> 00:21:18,400
Speaker 4: I'll pay you that, and that's what it seems fair.

464
00:21:18,720 --> 00:21:21,000
Speaker 3: Yeah, I mean I paid more than a fair price

465
00:21:21,119 --> 00:21:22,600
Speaker 3: because I don't flip cars.

466
00:21:22,600 --> 00:21:25,440
Speaker 4: I don't sell cars. So to me, this way, nobody

467
00:21:25,520 --> 00:21:27,720
Speaker 4: goes rip me. You don't want any of that.

468
00:21:27,960 --> 00:21:32,760
Speaker 2: Any cars on your list that you're still hunting for anything.

469
00:21:33,640 --> 00:21:36,600
Speaker 3: I buy the story as much as I buy the car. Really, yeah,

470
00:21:36,640 --> 00:21:38,040
Speaker 3: I mean to me, the fun you know. I had

471
00:21:38,080 --> 00:21:42,399
Speaker 3: a lady called me ninety four years old, and she

472
00:21:42,480 --> 00:21:44,639
Speaker 3: and Hudson. Her and her husband bought a fifty one

473
00:21:44,680 --> 00:21:46,159
Speaker 3: Hudson Hornet in New Jersey.

474
00:21:46,920 --> 00:21:49,080
Speaker 4: They drove it to California with the two kids.

475
00:21:49,119 --> 00:21:51,679
Speaker 3: He bought a gas station. He ran that for the

476
00:21:51,680 --> 00:21:55,800
Speaker 3: next thirty years. He died sometime in the early nineties.

477
00:21:57,040 --> 00:22:03,200
Speaker 4: She calls me about two thousand. I guess three four. Oh,

478
00:22:03,240 --> 00:22:05,639
Speaker 4: my husband died like twenty years ago. We got this car,

479
00:22:05,920 --> 00:22:08,040
Speaker 4: I say, I already have a fifty three onund Well,

480
00:22:08,040 --> 00:22:10,159
Speaker 4: you come look at it, okay. So I got to

481
00:22:10,200 --> 00:22:12,600
Speaker 4: look at it. She's ninety four, no hearing her, no

482
00:22:12,680 --> 00:22:16,760
Speaker 4: glasses right, show said would you give me five thousand

483
00:22:16,840 --> 00:22:20,200
Speaker 4: dollars for it? Okay? So I bought it and take

484
00:22:20,240 --> 00:22:22,719
Speaker 4: it back in my garage. It takes about a year

485
00:22:22,720 --> 00:22:24,480
Speaker 4: and a half. We get it all of fin Let

486
00:22:24,560 --> 00:22:27,200
Speaker 4: me see if she's still alive. I called her up, Hello, Oh,

487
00:22:27,240 --> 00:22:29,800
Speaker 4: what's Jalen off? The car's all finished? You want to

488
00:22:29,840 --> 00:22:33,000
Speaker 4: go for er okay? Now she's ninety six, and she says,

489
00:22:33,000 --> 00:22:35,119
Speaker 4: can I bring the kids? I said, yeah, bring the kids.

490
00:22:35,280 --> 00:22:37,639
Speaker 3: So I get there and the kids have got a

491
00:22:37,680 --> 00:22:40,200
Speaker 3: blind fold and the kids are seventy four and seventy

492
00:22:40,200 --> 00:22:43,520
Speaker 3: two and they're blindfolded dirt right, and she's like touching

493
00:22:43,560 --> 00:22:43,880
Speaker 3: the car.

494
00:22:44,200 --> 00:22:46,119
Speaker 4: Oh, the paint feels so smooth, always used to be.

495
00:22:46,119 --> 00:22:48,520
Speaker 4: So we'll take them link. Oh, she starts crying her

496
00:22:48,640 --> 00:22:50,520
Speaker 4: we want to go for let's go for RJE. So

497
00:22:50,560 --> 00:22:53,240
Speaker 4: the kids get in the back right. So we're driving

498
00:22:53,280 --> 00:22:55,800
Speaker 4: along and we're talking and the two kids start doing

499
00:22:55,800 --> 00:22:59,119
Speaker 4: this to each other, poking each other. Huh, and she

500
00:22:59,240 --> 00:22:59,760
Speaker 4: turned drop.

501
00:23:00,400 --> 00:23:02,880
Speaker 5: I've told you kids, and she's whacking the crap out

502
00:23:02,880 --> 00:23:05,040
Speaker 5: of him. Mister Linnell's nice enough to take us right

503
00:23:05,080 --> 00:23:06,960
Speaker 5: in his car, and you kids can't be here.

504
00:23:07,040 --> 00:23:09,400
Speaker 4: And the three of them are just laughing. I mean

505
00:23:09,400 --> 00:23:09,920
Speaker 4: they're just.

506
00:23:10,160 --> 00:23:12,879
Speaker 5: Falling down that she and she's not holding back, I

507
00:23:12,880 --> 00:23:15,240
Speaker 5: mean she's really hitting them but she's laughing while.

508
00:23:15,080 --> 00:23:17,760
Speaker 4: She's you know, and it was just so funny. It

509
00:23:17,840 --> 00:23:19,879
Speaker 4: was just so funny. She lived through me one hundred

510
00:23:19,880 --> 00:23:20,760
Speaker 4: and six. Wow.

511
00:23:21,160 --> 00:23:24,160
Speaker 3: And every time I get in the car it makes

512
00:23:24,160 --> 00:23:26,400
Speaker 3: me laugh because it was just so fun to see

513
00:23:26,440 --> 00:23:29,040
Speaker 3: these two old men and they all look the same age.

514
00:23:29,080 --> 00:23:32,560
Speaker 3: You know, she's ninety six, it's seventy four, and she

515
00:23:32,720 --> 00:23:33,520
Speaker 3: just whacking the.

516
00:23:33,440 --> 00:23:34,760
Speaker 4: Crap out of the hilarious.

517
00:23:35,320 --> 00:23:38,640
Speaker 2: So more stories than there's a hole in your collection,

518
00:23:38,840 --> 00:23:40,760
Speaker 2: or you're enamored.

519
00:23:40,280 --> 00:23:42,159
Speaker 4: With this, because I know I have a namor with this.

520
00:23:42,280 --> 00:23:44,360
Speaker 2: Now, it's just about the stories.

521
00:23:44,480 --> 00:23:48,160
Speaker 4: My key to success is low self esteem. I've heard

522
00:23:48,160 --> 00:23:51,960
Speaker 4: you say that before, Yes, because if you have low

523
00:23:52,000 --> 00:23:53,520
Speaker 4: self esteem, you never assume you're.

524
00:23:53,440 --> 00:23:55,240
Speaker 3: The smartest person in the room. I assume one of

525
00:23:55,280 --> 00:23:57,399
Speaker 3: the dumbest person in the room. Let me look around

526
00:23:57,440 --> 00:23:59,040
Speaker 3: and see what the other people are.

527
00:23:58,960 --> 00:24:00,840
Speaker 4: Doing here, and that's what you do.

528
00:24:01,080 --> 00:24:01,240
Speaker 2: You know.

529
00:24:01,280 --> 00:24:03,639
Speaker 3: I have so many friends that do TV shows and

530
00:24:03,680 --> 00:24:05,840
Speaker 3: they really think, I don't like I want to change

531
00:24:05,880 --> 00:24:08,399
Speaker 3: these lights, and the lighting director who's been in the

532
00:24:08,440 --> 00:24:11,160
Speaker 3: business forty years, I don't think why I want to change?

533
00:24:11,600 --> 00:24:14,800
Speaker 4: Well, no, I don't want to just let the lighting

534
00:24:14,800 --> 00:24:15,640
Speaker 4: director his job.

535
00:24:16,000 --> 00:24:18,040
Speaker 3: You know, the fun thing about the Tonight Show was

536
00:24:18,040 --> 00:24:20,520
Speaker 3: when I did it, anybody could pull a cord and

537
00:24:20,520 --> 00:24:22,960
Speaker 3: stop the train because I don't like this, I don't

538
00:24:22,960 --> 00:24:25,760
Speaker 3: think this is funny. Did it get to be annoying sometimes?

539
00:24:26,440 --> 00:24:29,200
Speaker 3: But everybody felt they had a say in what was

540
00:24:29,240 --> 00:24:32,040
Speaker 3: going on. They felt like they were part of the

541
00:24:32,080 --> 00:24:34,320
Speaker 3: whole system. This idea that you know, do not make

542
00:24:34,680 --> 00:24:37,320
Speaker 3: contact with the star and just all that kind of nonsense,

543
00:24:37,680 --> 00:24:37,919
Speaker 3: you know.

544
00:24:38,760 --> 00:24:42,320
Speaker 4: So to me, that was always the key to being successful.

545
00:24:43,359 --> 00:24:48,159
Speaker 2: Coming up, we continue our conversation with Jay Leno live

546
00:24:48,359 --> 00:24:53,080
Speaker 2: from the Newport Audrain Concourse, The Elegance. I'm Barry Ritholts.

547
00:24:53,160 --> 00:24:55,640
Speaker 2: You're listening to Masters in Business.

548
00:24:55,800 --> 00:25:14,639
Speaker 6: On Bloomberg Radio. I'm Barry Ridolts.

549
00:25:14,760 --> 00:25:18,840
Speaker 2: You're listening to Masters in Business on Bloomberg Radio. My

550
00:25:19,080 --> 00:25:24,320
Speaker 2: extra special guest this week is Jay Leno, comedian, car collector,

551
00:25:25,000 --> 00:25:30,200
Speaker 2: time piece enthusiast. Let's return to our conversation live at

552
00:25:30,200 --> 00:25:36,199
Speaker 2: the Newport or Drain Concourse Delegance. So let's stay with

553
00:25:36,800 --> 00:25:42,040
Speaker 2: the tonight show and comedy. You've interviewed a few presidents, right,

554
00:25:42,840 --> 00:25:46,760
Speaker 2: you interviewed Barack Obama. What other presidents did you interview.

555
00:25:49,320 --> 00:25:52,640
Speaker 2: Barack Obama was Reagan before you started on.

556
00:25:52,720 --> 00:25:54,000
Speaker 4: No I'd interviewed Reagan.

557
00:25:54,040 --> 00:25:55,680
Speaker 3: They had dinner with Reagan the White House a couple

558
00:25:55,720 --> 00:25:58,160
Speaker 3: of times, but he wasn't ever on the show. Barack

559
00:25:58,160 --> 00:26:01,520
Speaker 3: Obama was the first sitting president ever to do the show.

560
00:26:03,680 --> 00:26:09,399
Speaker 3: Barack Obama. Hillary had the nomination locked up, and then

561
00:26:09,440 --> 00:26:12,280
Speaker 3: he announced he was running for president. So I called

562
00:26:12,359 --> 00:26:13,600
Speaker 3: him up and said, why come on the show.

563
00:26:13,720 --> 00:26:15,600
Speaker 4: Oh, thank you so much, Joe.

564
00:26:16,119 --> 00:26:19,040
Speaker 3: He rented a car, drove himself to the show, you know,

565
00:26:19,880 --> 00:26:21,439
Speaker 3: walks out and going, hey, my name is Barrock was

566
00:26:21,440 --> 00:26:24,800
Speaker 3: saying Obama, I'm really President of the States. I said, okay,

567
00:26:24,920 --> 00:26:27,120
Speaker 3: black guy from Chicago named Hussein.

568
00:26:27,160 --> 00:26:29,040
Speaker 4: I said, you know, you shouldn't even have the campaign.

569
00:26:29,080 --> 00:26:32,080
Speaker 4: I just think you're chewing with that. And you know,

570
00:26:32,200 --> 00:26:33,840
Speaker 4: he got the joke and he laughed.

571
00:26:34,080 --> 00:26:36,199
Speaker 3: He was very funny and we got to be friends.

572
00:26:36,880 --> 00:26:38,800
Speaker 3: And so next time he came on the show, I

573
00:26:38,840 --> 00:26:40,320
Speaker 3: asked him. It was the first time.

574
00:26:40,200 --> 00:26:43,600
Speaker 4: A sitting president and the whole parking lot was tented

575
00:26:44,440 --> 00:26:47,880
Speaker 4: so the satellite could not see where he came in. Kime,

576
00:26:48,359 --> 00:26:51,080
Speaker 4: I got to tell you, and I.

577
00:26:51,040 --> 00:26:55,600
Speaker 3: Mean I've told this story, but this is. I have

578
00:26:55,720 --> 00:26:59,240
Speaker 3: the same idiot friends I had in eighth grade. So

579
00:26:59,280 --> 00:27:00,480
Speaker 3: I'm telling him how Barack.

580
00:27:00,280 --> 00:27:02,200
Speaker 4: Obama on the show, and he gave me his phone number.

581
00:27:02,240 --> 00:27:05,960
Speaker 4: Now you get it. You said, now, all right, let's

582
00:27:05,960 --> 00:27:08,680
Speaker 4: call him up. Go it's the President United States. I'm

583
00:27:08,680 --> 00:27:10,520
Speaker 4: not going to call him up. No, you don't have it.

584
00:27:12,440 --> 00:27:14,160
Speaker 4: So I take up my phone book and I covered

585
00:27:14,200 --> 00:27:15,680
Speaker 4: the phone and they go, see what it says there,

586
00:27:15,880 --> 00:27:19,440
Speaker 4: Barack Obama, President United States. His phone was ready here. Yeah,

587
00:27:20,000 --> 00:27:21,440
Speaker 4: I said, all right, all right, I'll call him. You

588
00:27:21,440 --> 00:27:22,080
Speaker 4: want me to call him?

589
00:27:22,119 --> 00:27:22,320
Speaker 1: I call.

590
00:27:22,720 --> 00:27:24,760
Speaker 4: It's like three o'clock. I figure, okay, we can go

591
00:27:24,840 --> 00:27:30,320
Speaker 4: rock Hello Brock here mis president. Yeah, jay Len, we're

592
00:27:30,359 --> 00:27:33,080
Speaker 4: going to aj I'm just here with some of my friends.

593
00:27:33,400 --> 00:27:34,680
Speaker 4: Lose this number. J click.

594
00:27:37,480 --> 00:27:43,040
Speaker 2: So your reputation has never been a very political comedian.

595
00:27:43,160 --> 00:27:44,879
Speaker 2: You play it straight down the middle.

596
00:27:45,000 --> 00:27:46,720
Speaker 3: Well, I used to get We usually get quoted every

597
00:27:46,800 --> 00:27:49,199
Speaker 3: day in the New York Times. We try to make

598
00:27:49,240 --> 00:27:50,080
Speaker 3: fun of both sides.

599
00:27:50,160 --> 00:27:52,440
Speaker 4: Yeah, but yeah, that's the way we did it. That's

600
00:27:52,480 --> 00:27:54,320
Speaker 4: not the way everybody else does it. But that's okay.

601
00:27:55,160 --> 00:27:58,760
Speaker 2: So, so recently, Jimmy Kimmel mentioned on the air that

602
00:27:58,840 --> 00:28:01,639
Speaker 2: you call to check in on him when when he

603
00:28:01,800 --> 00:28:06,240
Speaker 2: was temporarily suspended. Is what do you think the future

604
00:28:06,280 --> 00:28:08,760
Speaker 2: of Late Night looks like? And what does that say

605
00:28:08,800 --> 00:28:11,280
Speaker 2: about the comedians have to watch what they say?

606
00:28:12,560 --> 00:28:14,560
Speaker 4: Well, apparently they don't have to watch what they say

607
00:28:14,560 --> 00:28:18,920
Speaker 4: because he's back on TV. Okay, I mean, you either

608
00:28:18,920 --> 00:28:22,560
Speaker 4: believe in free speech or you don't. You know, free

609
00:28:22,600 --> 00:28:26,200
Speaker 4: speech it only becomes annoying when it says something you

610
00:28:26,240 --> 00:28:30,119
Speaker 4: don't like. Other than that, it's fine. That's really the

611
00:28:31,000 --> 00:28:34,200
Speaker 4: only problem. And there's always something somebody doesn't like, whether

612
00:28:34,240 --> 00:28:37,000
Speaker 4: it's banning books or huck Finn or whatever it might be.

613
00:28:37,960 --> 00:28:40,320
Speaker 3: So to me, I always support three. I mean, I

614
00:28:40,320 --> 00:28:44,640
Speaker 3: support Jimmy as a comedian, but also just the whole premise.

615
00:28:44,640 --> 00:28:47,640
Speaker 3: You don't have to agree with him to realize. I mean,

616
00:28:47,920 --> 00:28:51,880
Speaker 3: I had people that taught me apart every day, but

617
00:28:51,960 --> 00:28:54,440
Speaker 3: they had the right to do it. I didn't like

618
00:28:54,440 --> 00:28:57,440
Speaker 3: what they said, but I agree with their.

619
00:28:57,360 --> 00:28:59,200
Speaker 4: Right to say it if they chose you.

620
00:28:59,200 --> 00:29:02,600
Speaker 2: You have Day Chappelle speaking at the Comedy Festival in

621
00:29:02,680 --> 00:29:06,680
Speaker 2: Saudi Arabia, saying he feels like a free speech is

622
00:29:06,760 --> 00:29:10,280
Speaker 2: under assault in the US, not that Saudi Arabia is

623
00:29:10,280 --> 00:29:11,479
Speaker 2: a hotbed of free speech.

624
00:29:11,640 --> 00:29:13,240
Speaker 4: Well, yeah, yeah, again.

625
00:29:13,360 --> 00:29:16,960
Speaker 3: I don't like this new thing of comics criticizing other comedy.

626
00:29:17,000 --> 00:29:21,080
Speaker 4: It's just we're comedians, okay, just you know, I believe

627
00:29:21,120 --> 00:29:21,800
Speaker 4: in free speech.

628
00:29:22,280 --> 00:29:24,320
Speaker 3: I shouldn't have to say any more than that, and

629
00:29:24,360 --> 00:29:27,200
Speaker 3: I will defend it to the end. But you know,

630
00:29:27,640 --> 00:29:31,239
Speaker 3: and how about when he said this again, whatever, I

631
00:29:31,240 --> 00:29:32,480
Speaker 3: don't have to agree with it.

632
00:29:32,880 --> 00:29:36,120
Speaker 4: You know, it's like the Nazis watching in Skokie. Okay,

633
00:29:35,880 --> 00:29:38,280
Speaker 4: they have the right to do that. I don't agree

634
00:29:38,320 --> 00:29:40,360
Speaker 4: with it. Well, is he liked to see someone punched

635
00:29:40,360 --> 00:29:42,600
Speaker 4: them in the face. Yes, but I don't want that

636
00:29:42,680 --> 00:29:45,520
Speaker 4: to be police doing it. If some angry Jewish guy

637
00:29:45,640 --> 00:29:48,040
Speaker 4: was about it, well, okay finding me. You know, I

638
00:29:48,120 --> 00:29:51,479
Speaker 4: might even cheer him on. But no, I again, I

639
00:29:51,520 --> 00:29:52,920
Speaker 4: think you it's America.

640
00:29:53,600 --> 00:29:56,600
Speaker 2: And what about the in the era of streaming. What

641
00:29:56,680 --> 00:30:00,360
Speaker 2: about the future of Late Night? We heard Colbert is

642
00:30:00,400 --> 00:30:02,959
Speaker 2: supposedly not profitable. I don't know how true that is.

643
00:30:03,360 --> 00:30:07,000
Speaker 2: We heard similar threats about Jimmy's show. How do you

644
00:30:07,040 --> 00:30:09,640
Speaker 2: look at you were steward of the Tonight Show for

645
00:30:09,640 --> 00:30:12,240
Speaker 2: twenty two years. What do you think the future of

646
00:30:12,240 --> 00:30:12,840
Speaker 2: this looks like?

647
00:30:12,960 --> 00:30:17,880
Speaker 3: Well, I mean when you can turn on streaming and

648
00:30:17,960 --> 00:30:20,280
Speaker 3: see Harrison Ford talk for half.

649
00:30:20,080 --> 00:30:22,960
Speaker 4: An hour saying whatever you want unscripted, or.

650
00:30:22,920 --> 00:30:26,080
Speaker 3: You can watch them do a seven minute segment on

651
00:30:26,160 --> 00:30:28,680
Speaker 3: a talk show which.

652
00:30:28,520 --> 00:30:30,640
Speaker 2: You can, or Jay Leno for forty five minutes.

653
00:30:30,760 --> 00:30:32,880
Speaker 4: Maybe yeah, but yeah, I mean, to me, I think

654
00:30:33,160 --> 00:30:34,680
Speaker 4: it's just the nature of television.

655
00:30:34,760 --> 00:30:37,800
Speaker 3: It changes, it goes from one thing to another. I mean,

656
00:30:37,840 --> 00:30:40,240
Speaker 3: it's like going from CD players.

657
00:30:39,760 --> 00:30:44,720
Speaker 4: To cassettes to CDs. So it's just another it's another

658
00:30:44,880 --> 00:30:49,720
Speaker 4: format that you can you can use. So the thing

659
00:30:49,760 --> 00:30:54,200
Speaker 4: that really kills late night is the incessant number of commercials.

660
00:30:54,480 --> 00:30:58,240
Speaker 4: After eleven thirty, you can run like nine minutes at

661
00:30:58,280 --> 00:31:01,680
Speaker 4: twelve o'clock where it looks some yeah, it's great wild

662
00:31:02,200 --> 00:31:04,760
Speaker 4: So and when you realize you've just watched all three

663
00:31:04,800 --> 00:31:08,280
Speaker 4: Godfather movies in a row without one commercial, suddenly seeing

664
00:31:08,360 --> 00:31:11,760
Speaker 4: Jake from State Farm again, you know, okay enough with

665
00:31:11,800 --> 00:31:12,200
Speaker 4: this guy.

666
00:31:12,280 --> 00:31:12,479
Speaker 6: You know.

667
00:31:12,760 --> 00:31:14,720
Speaker 3: To me, that's the thing that's really hurt late night.

668
00:31:14,720 --> 00:31:17,520
Speaker 3: It's not necessarily people say, it's the fact that people are,

669
00:31:17,720 --> 00:31:18,320
Speaker 3: oh god.

670
00:31:18,280 --> 00:31:20,640
Speaker 4: Another commercial. You just you know, just weeding through.

671
00:31:21,120 --> 00:31:22,719
Speaker 2: All right, So we don't want to keep you all

672
00:31:22,800 --> 00:31:24,840
Speaker 2: day because we know you have a lot of places

673
00:31:24,880 --> 00:31:27,560
Speaker 2: to go, cars to see. I want to I want

674
00:31:27,560 --> 00:31:31,479
Speaker 2: to do a speed round. A speed round. Right, A

675
00:31:31,520 --> 00:31:34,240
Speaker 2: dozen questions and under a minute. I'm just going to

676
00:31:34,280 --> 00:31:37,760
Speaker 2: throw these at you and give me your answers, starting with,

677
00:31:38,000 --> 00:31:42,080
Speaker 2: what's your favorite car to drive? I do some what's

678
00:31:42,080 --> 00:31:46,800
Speaker 2: your favorite motorcycle in your garage? Brough supperor what car

679
00:31:46,920 --> 00:31:49,160
Speaker 2: offers the best bang for the buck.

680
00:31:51,240 --> 00:31:51,880
Speaker 4: Corvette?

681
00:31:52,920 --> 00:31:56,320
Speaker 2: What's your favorite car in your collection? Not necessarily a driver,

682
00:31:56,440 --> 00:31:59,320
Speaker 2: but just a favorite car, Mclarinet one. That's that's stuff

683
00:31:59,320 --> 00:32:01,960
Speaker 2: I want to argue with. What's been the biggest maintenance

684
00:32:02,000 --> 00:32:03,480
Speaker 2: annoyance in your collection?

685
00:32:05,000 --> 00:32:08,040
Speaker 4: My nineteen twenty five Doble steam car, the.

686
00:32:07,920 --> 00:32:09,040
Speaker 2: One that kind of blew up?

687
00:32:09,080 --> 00:32:11,160
Speaker 4: Is that the one we're talking about that blew up?

688
00:32:11,200 --> 00:32:13,239
Speaker 4: But that wasn't the one that actually blew up in

689
00:32:13,240 --> 00:32:13,640
Speaker 4: my face?

690
00:32:13,680 --> 00:32:16,480
Speaker 2: Now, any cars you have any regrets passing on?

691
00:32:17,280 --> 00:32:18,320
Speaker 4: Oh? Yeah?

692
00:32:18,400 --> 00:32:23,880
Speaker 2: What? So? What modern car features do you find most annoying?

693
00:32:26,640 --> 00:32:28,800
Speaker 4: Probably the infortainment system?

694
00:32:29,200 --> 00:32:32,120
Speaker 3: You know, I have my fifty one Hutson, I reach

695
00:32:32,200 --> 00:32:33,760
Speaker 3: out my press a button, I get a station.

696
00:32:34,000 --> 00:32:36,320
Speaker 4: I don't have to stop and look at it. Are

697
00:32:36,320 --> 00:32:38,640
Speaker 4: you happy to say yes. Would you make this suction again? Yes,

698
00:32:38,720 --> 00:32:41,160
Speaker 4: others have made this selection. Would you continue, yes, I will,

699
00:32:41,400 --> 00:32:44,080
Speaker 4: you know. Would you pick your language? English? Is good?

700
00:32:44,160 --> 00:32:46,440
Speaker 4: Thank you? You know it's annoying.

701
00:32:47,440 --> 00:32:49,800
Speaker 2: What car do you drive the most often from your collection?

702
00:32:51,120 --> 00:32:56,160
Speaker 4: Oh? I don't know. Well, I drive a lot of them. Incredible,

703
00:32:57,200 --> 00:32:59,960
Speaker 4: that's what they were made for, Model TS, kind of fun,

704
00:33:00,040 --> 00:33:01,760
Speaker 4: and I guess I don't drive it that much.

705
00:33:02,760 --> 00:33:05,400
Speaker 3: Probably the Mustang that's pretty good. Well, actually, the Tesla

706
00:33:05,480 --> 00:33:07,080
Speaker 3: won't have to go to the airport and all those

707
00:33:07,160 --> 00:33:07,640
Speaker 3: kind of things.

708
00:33:07,680 --> 00:33:10,640
Speaker 2: What's the rarest car in your collection? Not necessarily the

709
00:33:10,640 --> 00:33:13,840
Speaker 2: most valuable, but one of very few.

710
00:33:13,960 --> 00:33:15,400
Speaker 4: What that would be the double steam car?

711
00:33:18,720 --> 00:33:21,040
Speaker 2: Is there any one brand you would never buy that

712
00:33:21,080 --> 00:33:22,280
Speaker 2: you stay away from?

713
00:33:22,600 --> 00:33:23,840
Speaker 4: No, no, not everyone.

714
00:33:23,880 --> 00:33:25,760
Speaker 2: Bro, you don't have a lot of ferraris right.

715
00:33:25,800 --> 00:33:27,360
Speaker 3: No, I don't have any Fries, But I'm not to

716
00:33:27,360 --> 00:33:28,880
Speaker 3: do with the cars. The cars are excellent.

717
00:33:29,840 --> 00:33:30,040
Speaker 2: You know.

718
00:33:30,120 --> 00:33:31,360
Speaker 4: For the longest time, you had.

719
00:33:31,280 --> 00:33:33,480
Speaker 3: To buy two mandy Els before you're allowed to buy

720
00:33:33,480 --> 00:33:36,160
Speaker 3: the car, you know, So I just never took part

721
00:33:36,200 --> 00:33:36,400
Speaker 3: in that.

722
00:33:37,000 --> 00:33:41,000
Speaker 2: What car surprises people the most, whether driving it or

723
00:33:41,080 --> 00:33:42,320
Speaker 2: just the way it's put together.

724
00:33:42,480 --> 00:33:43,600
Speaker 4: Well, I have the kind of cars.

725
00:33:43,680 --> 00:33:46,720
Speaker 3: People about surprised that I got there earlier late, the

726
00:33:46,840 --> 00:33:49,200
Speaker 3: surprise I got there at all. When you show up

727
00:33:49,200 --> 00:33:52,080
Speaker 3: on a nineteen oh six Stanley Steamer and it's on fire,

728
00:33:53,360 --> 00:33:56,120
Speaker 3: people like, oh my god, your car's on fire.

729
00:33:56,320 --> 00:33:58,520
Speaker 4: I know it's supposed to be if you carry open flame.

730
00:34:00,920 --> 00:34:02,840
Speaker 2: What's the most recent addition to the collection?

731
00:34:03,160 --> 00:34:04,800
Speaker 4: I Mustang GTD.

732
00:34:05,160 --> 00:34:07,720
Speaker 2: What's the best sounding engine you own?

733
00:34:10,600 --> 00:34:12,160
Speaker 4: Porshcur GTV ten?

734
00:34:13,000 --> 00:34:17,040
Speaker 2: And final question, is there one dream car you're still

735
00:34:17,080 --> 00:34:17,680
Speaker 2: hunting for?

736
00:34:18,040 --> 00:34:22,360
Speaker 4: No? No, I'm quite happy when I have. O'd be

737
00:34:22,360 --> 00:34:25,160
Speaker 4: happy with you have. Just make sure you have enough.

738
00:34:25,600 --> 00:34:28,360
Speaker 2: There you go. Thank you Jay for me, Thank you,

739
00:34:28,680 --> 00:34:34,640
Speaker 2: thank you, thank you. That was my live interview with

740
00:34:34,800 --> 00:34:38,360
Speaker 2: Jay Leno at the Newport or Dream Concourse to Elegance.

741
00:34:38,840 --> 00:34:42,000
Speaker 2: If you enjoyed that conversation, check out any of the

742
00:34:42,040 --> 00:34:45,120
Speaker 2: five hundred and ninety two we've done over the past

743
00:34:45,160 --> 00:34:51,160
Speaker 2: twelve years. You can find those at iTunes, Spotify, Bloomberg YouTube,

744
00:34:51,200 --> 00:34:54,640
Speaker 2: wherever you get your favorite podcasts. And be sure and

745
00:34:54,719 --> 00:34:57,440
Speaker 2: check out my new book, How Not to Invest, The

746
00:34:57,520 --> 00:35:01,000
Speaker 2: idea's numbers and behavior that destroys wealth and how to

747
00:35:01,040 --> 00:35:04,879
Speaker 2: avoid them at your favorite bookstore or bookseller. I would

748
00:35:04,920 --> 00:35:06,759
Speaker 2: be remiss if I do not thank the crack team

749
00:35:06,800 --> 00:35:12,040
Speaker 2: that puts these conversations together each week. My videographer at

750
00:35:12,040 --> 00:35:16,759
Speaker 2: the live event was Sebastian Escobar. Alexis Noriega is my

751
00:35:16,920 --> 00:35:21,520
Speaker 2: video producer. Anna Luke is my podcast producer. Sean Russo

752
00:35:21,960 --> 00:35:25,920
Speaker 2: is my researcher. Sage Bauman is the head of podcasts

753
00:35:25,920 --> 00:35:26,799
Speaker 2: here at Bloomberg.

754
00:35:27,440 --> 00:35:28,640
Speaker 6: I'm Barry Ridults.

755
00:35:28,840 --> 00:35:31,280
Speaker 2: You've been listening to Masters in Business

756
00:35:31,840 --> 00:35:33,960
Speaker 6: On Bloomberg Radio