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Speaker 1: This is Bloomberg Business Week inside from the reporters and

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Speaker 1: editors who bring you America's most trusted business magazine, plus

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Speaker 1: global business finance and tech news as it happened. Sloomberg

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Speaker 1: Business Week with Carol Messer and Bloomberg Quick Takes Tim

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Speaker 1: Stinovic on Bloomberg Radio. Hi everyone, Happy holidays, and welcome

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Speaker 1: to the weekend edition of Bloomberg Business Week. A special

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Speaker 1: Christmas program this week, as we take a look back

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Speaker 1: on some of our favorite interviews from this past year.

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Speaker 1: A list that's made up of market movers, legendary entrepreneurs,

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Speaker 1: and a couple of entertainers that you may be familiar with.

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Speaker 1: That's for sure. I gotta say, coming up with this

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Speaker 1: list not so easy, Tim. We have so many great guests.

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Speaker 1: We have so many great guests throughout the year. Um,

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Speaker 1: but we did whittle it down to a few and

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Speaker 1: over the next couple of hours we're going to hear

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Speaker 1: from the likes of Michael Dell, John Rodgers of Aerial Investments,

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Speaker 1: Cathy would have Arc and the former CEO of Google.

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Speaker 1: We're talking about Eric Schmidt. Remember when he was the

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Speaker 1: adult in the room that was different era, not just

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Speaker 1: for Google, but for tech in general. We're also going

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Speaker 1: to take a trip down memory lane with music legend

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Speaker 1: Gina Shock, the Go Gos drummer and Rock and Roll

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Speaker 1: Hall of Fame inductee. We're also going to talk film

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Speaker 1: and television production in the time of COVID with award

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Speaker 1: winning actor Sam Hwan. He I don't have to tell

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Speaker 1: you this, Carol, because you're such a big thing, the

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Speaker 1: star of Outlander, among many other things. I do recall

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Speaker 1: that he's also big into whiskey. We'll talk about that.

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Speaker 1: All of that to go, and we begin with a

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Speaker 1: voice very familiar to our Bloomberg audience. TPG Capital executive

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Speaker 1: Chairman and founding partner Jim Coulter, and I think increasingly

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Speaker 1: there is what I think of as a new year

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Speaker 1: of business, and perhaps we can get into that companies

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Speaker 1: are going to be held accountable not just for what

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Speaker 1: they do, but for how they do it. For example,

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Speaker 1: if you look deeply into the E s G world today,

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Speaker 1: companies that are highly rated on E s G standards,

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Speaker 1: according to recent Bank of America report, have tenent lower

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Speaker 1: cost of capital. So capital is looking to invest in

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Speaker 1: companies that care that deliver on E s G ratings.

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Speaker 1: There's still a lot of uncertainty as to what those

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Speaker 1: ratings will be over time, how they'll develop. But to

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Speaker 1: be clear, the trend is happening, and it makes a

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Speaker 1: difference how you do things. I mean, we're definitely are

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Speaker 1: seeing something on the regulatory from when it comes to that, Jim.

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Speaker 1: But I do wonder we talked about, like when a

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Speaker 1: company reports earnings, certainly for the publicly held companies, do

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Speaker 1: we need to have okay top bottom line? We look

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Speaker 1: at margins, but we also are looking at okay, here's

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Speaker 1: your e s G metric and if you don't do well, um,

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Speaker 1: you get penalized. There's got to be some consequences. Do

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Speaker 1: we get to that point? Do we need to have

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Speaker 1: that kind of point? I think we will get there

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Speaker 1: over time, but we can't wait for it. What the

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Speaker 1: market is looking for, what I'm looking for as an

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Speaker 1: investor is authenticity in action. I'd remind you, Carol that

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Speaker 1: it took seventy years to develop GAP our accounting standards,

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Speaker 1: and it will take a while to develop the standards

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Speaker 1: that will lead the s G era. But we can't

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Speaker 1: afford to wait. We need to get to work, and

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Speaker 1: capital is flowing to these opportunities. Well, one of that is,

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Speaker 1: you know, Tim and I were talking about kind of

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Speaker 1: planning for this, about everything that NBA students, Tim, you

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Speaker 1: have an NBA yea from a couple of years ago.

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Speaker 1: In terms of what you study. Leadership is such a

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Speaker 1: big part in terms of getting there right. So what

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Speaker 1: is it that the NBA student today on Stanford's you know,

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Speaker 1: uh here at Stanford or elsewhere. What do they need

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Speaker 1: to be learning when it comes to leadership, Because I

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Speaker 1: think it's safe to say that a lot of people

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Speaker 1: would say leadership failed us in the last couple of years.

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Speaker 1: I think they need to learn to lead in a

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Speaker 1: new era. Now, business changes every day, but there's times

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Speaker 1: where business ethos changed. When I got out of business

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Speaker 1: school in a long time ago, we were studying Japanese

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Speaker 1: business practices. In the nineties, the ethos changed to the

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Speaker 1: Jack Welsh era were suddenly strategic planning and KPI shove everything.

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Speaker 1: Two thousand it changed radically again, where suddenly we were

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Speaker 1: told to move fast and break things the ear of

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Speaker 1: entrepe ownership. Where Stanford leads today, there's a new era,

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Speaker 1: a new ethos developing. As I said, it's not only

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Speaker 1: what you do, but how you do it. Jim, there's

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Speaker 1: this conversation happening right now about the value of education,

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Speaker 1: especially really expensive education. So make the case to us,

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Speaker 1: to our viewers, to future NBA students that the NBA

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Speaker 1: is still worth it. Yeah. For me, in I walked

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Speaker 1: out of Stanford and it was a special place. Then

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Speaker 1: it remains a special place today. There's something in the

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Speaker 1: air ideas, innovation and risk taking, and at that moment

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Speaker 1: I chose to take the lowest pain job I was offered.

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Speaker 1: I entered an industry that didn't have a name. Fast

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Speaker 1: forward thirty years. That industry is now called private equity.

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Speaker 1: It's four trillion dollars. I've helped build organizations within it,

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Speaker 1: and today I'm sitting here talking about how to drive

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Speaker 1: a new idea, impact investing. So Stanford's auto is change lives,

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Speaker 1: change organizations, change the world. It changed my life. It

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Speaker 1: allowed me to change organizations, and we're working hard on

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Speaker 1: changing the world. That has immense value. It doesn't play

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Speaker 1: out necessarily always in year one, although it did for me,

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Speaker 1: but it plays out over the arc of her career.

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Speaker 1: So you said, thirty years you walked into private equity

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Speaker 1: and just earlier this year, your executive chairman still in

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Speaker 1: the company UM that you founded, but yet you're not

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Speaker 1: CEO or head of the company anymore. I do wonder

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Speaker 1: what it's like for a founder coming on the hills

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Speaker 1: of KKR right, another legendary private equity firm UM and

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Speaker 1: they have set in place their succession plan. How do you,

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Speaker 1: as a as a founder think about succession UH and

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Speaker 1: the next step for your company? As a leader, well,

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Speaker 1: succession is out there for me. But what I constantly

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Speaker 1: have to ask myself as a leader is what is

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Speaker 1: my highest and best use. We had a co CEO

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Speaker 1: Struck Sure, and my highest invest us is actually to

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Speaker 1: invest and to innovate. So I chose to evolve my

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Speaker 1: focus to this question of how can business make a

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Speaker 1: difference in society? How can we address this intersection of

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Speaker 1: social responsibility and corporate UH and corporate effectiveness? And that

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Speaker 1: ability to continue to invest in innovating is liberating and

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Speaker 1: is something that I think is good for me and

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Speaker 1: good for the company. That was Jim Coulter, executive chairman

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Speaker 1: and co founder of the private equity firm TPG Capital,

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Speaker 1: also co managing partner of the Rise Fund and a

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Speaker 1: member of Stanford's Board of Trustees. That interview from mid

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Speaker 1: October as part of our Stanford b School special Giving

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Speaker 1: Up Another Investment Luminary tackles a different set of social

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Speaker 1: issues in the business world. We're talking about diversity and

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Speaker 1: finance and financial literacy. We've got a conversation with the chairman,

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Speaker 1: co CEO and Chief investment Officer of Aerial Investments, John Rogers.

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Speaker 1: You're listening to Bloomberg Business Week some of our many

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Speaker 1: highlights for any one. This is Bloomberg. This is Bloomberg

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Speaker 1: Business Week with Carol Messer and Bloomberg Quick Takes Tim

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Speaker 1: Stinovik from Bloomberg Radio. Our Christmas weekend edition of Bloomberg

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Speaker 1: Business Week is look back at some of our favorite

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Speaker 1: conversations from the past year. One in which retail traders

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Speaker 1: emerged as a market moving for us. That was a

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Speaker 1: big theme of the year Tips It really was a

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Speaker 1: big theme in our Next guest is on the board

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Speaker 1: of corporate giants like Nike, McDonald's and The New York Times.

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Speaker 1: He's also chairman, co CEO and Chief Investment officer of

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Speaker 1: Oriel Investments. We're talking about John Rogers. He joined me

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Speaker 1: and Bloomberg News New York Deputy Bureau Chief Chortilla Brantley

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Speaker 1: back into lie and express concern that novice traders, particularly

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Speaker 1: from communities of color, are not yet fully equipped for

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Speaker 1: long term investing success. I do worry about it. And

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Speaker 1: the good sign is we're getting more and more African

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Speaker 1: American investors, and you know, places like Charles Schwab have

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Speaker 1: really democratized the stock market, and it's very cheap to

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Speaker 1: get involved, and you can do everything online and not

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Speaker 1: be intimidating by traditional white shoe investment firms. So all

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Speaker 1: that is really really good. But the downside is often

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Speaker 1: has happened when the with the Internet bubble at the

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Speaker 1: turn of the century, we get pulled in the market,

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Speaker 1: gets sucked into the latest themes too often because we

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Speaker 1: haven't been as engaged in the stock market as white Americans.

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Speaker 1: So I do worry that we're getting pulled into some

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Speaker 1: of these risky areas that exactly the wrong time. And

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Speaker 1: we know, you know, the way that we came to

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Speaker 1: this country, the traditions that we had to fight against,

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Speaker 1: the Jim Crow and all the challenges that we face

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Speaker 1: in our community put us behind the April when it

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Speaker 1: came to investing and getting comfortable in the markets. And

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Speaker 1: so again, whenever we get pulled in, I do worry

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Speaker 1: sometimes when it's late in the game. Well, let's talk

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Speaker 1: about financial literacy and how that plays into alleviating your concerns.

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Speaker 1: You know, I think we need to continue to do

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Speaker 1: more and more. We have just scratched the surface when

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Speaker 1: it comes to financial literacy. During the Obama administration, I

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Speaker 1: had the privilege to be able to be able to

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Speaker 1: chair his counsel and Financial Capability for Young Americans, and

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Speaker 1: we talked to the President about how can we get

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Speaker 1: more financial institutions to partner with urban public schools to

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Speaker 1: teach kids about the market, give the kids real dollars

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Speaker 1: to invest in real stocks, be role models for young

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Speaker 1: people of color to get engaged in the financial services

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Speaker 1: sectors career choices. So I think we have a long

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Speaker 1: way to go, because it's just so critically important that,

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Speaker 1: you know, African Americans get exposed to the markets at

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Speaker 1: young ages. You know, we know the wealth gap in

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Speaker 1: this country has gotten larger and larger. We've fallen further

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Speaker 1: behind because of the historical discrimination that we face in

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Speaker 1: this country. So the way to catch up is to

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Speaker 1: get folks involved in the best parts of the economy

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Speaker 1: where the wealth and jobs are being created today, and

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Speaker 1: learning about the magic of compound interests and getting comfortable

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Speaker 1: in equities because we all know when you get a

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Speaker 1: odd now you have to be your own money manager

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Speaker 1: with your four own K plan. So financial literacy is

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Speaker 1: more important in this country than ever, John, how do

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Speaker 1: we get there? The reason I asked is I actually

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Speaker 1: came across a Federal Reserve paper that was done by

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Speaker 1: a researcher about ten years ago. I think talking about

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Speaker 1: the importance of financial literacy, I think about someone like

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Speaker 1: you know, Warren Buffett, who talked about compound interest like

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Speaker 1: knew it when he was at a young age. We

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Speaker 1: have been talking about the importance of financial literacy across

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Speaker 1: society for a long time, and I wonder, how do

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Speaker 1: we really move the needle on this, because I agree

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Speaker 1: that this is something that unlocks kind of the financial

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Speaker 1: is the key that kind of unlocks financial wealth for

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Speaker 1: more Americans, and certainly for black Americans. Well, you know,

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Speaker 1: I think one of the things I talked about all

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Speaker 1: the time. You know, my father bought stocks for me

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Speaker 1: every birthday and every Christmas after I was twelve years old,

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Speaker 1: and I got exposed to the markets at an early

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Speaker 1: age and loved it. You know, there's a program in

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Speaker 1: New York, New York City Rise that is doing that

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Speaker 1: with young people, getting kids into five twenty nine programs

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Speaker 1: that you know, right in kindergarten and on the way

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Speaker 1: and at the Aerial Community Academy that's now twenty five

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Speaker 1: years old. We give kids real money to invest in

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Speaker 1: real stocks, and they get to see the money grow

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Speaker 1: from kindergarten through eighth grade. And I think that's just

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Speaker 1: so important. You've got to get exposure, you know, get

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Speaker 1: your hands a little dirty with the markets, learning how

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Speaker 1: to do the research, seeing the inevitable ups and downs,

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Speaker 1: but seeing how markets steadily climb even after you have

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Speaker 1: to have robust financial literacy programs, and get volunteers from

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Speaker 1: kids about how to do the research and the magic

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Speaker 1: of our capitalist democracy. You know that really builds wealth

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Speaker 1: over time. Just a quick follow. Should it be mandatory

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Speaker 1: in schools? I personally think that kids should be starting

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Speaker 1: in kindergarten learning about financial literacy. Make it part of

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Speaker 1: the curriculum. Do you think that's what needs to be done.

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Speaker 1: I think that's really critical. I think that's exactly right.

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Speaker 1: You know. I know local communities make decisions on their

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Speaker 1: it's you know, I always joke with my friend Arnie Duncan,

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Speaker 1: the former Secretary of Education, that you know, the French

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Speaker 1: class is maybe not as important as that financial literacy class.

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Speaker 1: You know, I think I've been to France five times

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Speaker 1: Financial literacy is so important to our economy and so

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Speaker 1: important to our country and in our in all communities. Well,

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Speaker 1: there have just been so many efforts. If you will

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Speaker 1: announced post George Floyd, you know your organization has um

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Speaker 1: launched Project Black Can you just tell our audience a

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Speaker 1: response so far our you know, our co CEO created

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Speaker 1: Project Black UH in partnership with JP Morgan Chase and

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Speaker 1: Jamie Diamond. You know, Melanie Hobson had this vision, this

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Speaker 1: idea that we would create a fund that would build

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Speaker 1: to scale. We feel like too many of the programs

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Speaker 1: are all about helping small micro businesses get small loans

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Speaker 1: can create real multigenerational wealth higher hundreds of not thousands

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Speaker 1: At the same time, we'll work with decision makers in

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Speaker 1: businesses and the parts of the economy where the wealth

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Speaker 1: and jobs are created today. You know, we know financial services,

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Speaker 1: we know wealth created and technology, media, etcetera. And sometimes

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Speaker 1: well meeting supplier diversity programs have not really encouraged minority

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Speaker 1: businesses to have real opportunity in the parts of the

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Speaker 1: economy again where the wealth is created today. So that's

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Speaker 1: what Project Black is all about, is to make sure

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Speaker 1: the Corporate America is doing business with everyone and they

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Speaker 1: were building businesses of scale, which we think will have

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Speaker 1: It's going extremely well. We're really busy out there. We

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Speaker 1: have a great board of directors and great CEO. Um,

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Speaker 1: it's just been, uh, you know, off to a great,

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Speaker 1: great start. That was John Rogers, Chairman, co CEO and

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Speaker 1: Chief Investment Officer of Arial Investments. He spoke with Carol

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Speaker 1: and Bloomberg News New York Deputy Bureau Chief Shartilla Brantley

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Speaker 1: over the summer coming up. In our Bloomberg Business Week

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Speaker 1: Christmas special, we head back to the Stanford Graduate School

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Speaker 1: of Minted Mayor of NAFISI on her company's next big expansion.

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Speaker 1: This is Bloomberg. Wake up and text, Text and eat,

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Speaker 1: Text and meet up with a friend you haven't seen

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Speaker 1: in forever. Hi, Text and complain that they're on their

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Speaker 1: phone the whole time. Text and listen to them complain

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Speaker 1: that you're on your phone the whole time. Text and whatever.

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Speaker 1: But when you get behind the wheel, give your phone

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Speaker 1: to a passenger, put it in the glove box. Just

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Speaker 1: don't text and drive. Visit stop texts, Stop rex dot org.

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Speaker 1: A message from Nitza Amy at Council broadcasting from the

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Speaker 1: financial capital of the World Bloomberg eleven Frio in New

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Speaker 1: York to Washington, d C. Bloomberg to Boston, Bloomberg one

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Speaker 1: oh six one does San Francisco, Bloomberg nine sixty to

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Speaker 1: the country Sirius XM Chado one nineteen and around the

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Speaker 1: globe the Bloomberg Business app and Bloomberg Radio dot com.

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Speaker 1: This is Bloomberg business Week. One thing that started to

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Speaker 1: return to a degree of normalcy to our lives this

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Speaker 1: past year was our ability to travel for business. We

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Speaker 1: were lucky enough to be able to do a handful

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Speaker 1: of remote broadcast in one and it's really something we

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Speaker 1: missed big time to the height of the pandemic. It

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Speaker 1: felt good to be quote unquote a little bit normal here, Tim, Yeah,

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Speaker 1: it really did. And one of those programs took place

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Speaker 1: at the Stanford Graduate School of Business in October. We

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Speaker 1: traveled there to celebrate the school's repeat appearance atop Bloomberg

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Speaker 1: Business Week's list of America's Best to be Schools. What's

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Speaker 1: cool ab at it is? We were able to engage

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Speaker 1: with students, key faculty, and administrators, as well as some

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Speaker 1: of Stanford's most successful NBA recipients ever, and among them

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Speaker 1: was a woman who has emerged as a pioneer of

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Speaker 1: the creator economy. We're talking about Miriam Nafisi. She's the

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Speaker 1: founder and co CEO of Minted. Her business focuses on

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Speaker 1: stationary and I know this because years ago I used

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Speaker 1: them for my wedding as well as our home goods

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Speaker 1: and digital content. Also now, Minted is expanding into furniture,

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Speaker 1: having gaveuted its first line exclusively at West Elm earlier

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Speaker 1: this year. Well, I think the fundamental thread through all

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Speaker 1: of these businesses is this idea that great talent can

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Speaker 1: come from anywhere, great ideas can come from anywhere. And

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Speaker 1: so what we're trying to do is bring great independent,

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Speaker 1: unique art and design two people everywhere and um empower

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Speaker 1: artists around the globe to put their hat in the

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Speaker 1: ring and then really build businesses off of our platform,

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Speaker 1: regardless of where they were educated, where they're from, um

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Speaker 1: whether they had any connections to be able to get

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Speaker 1: into business. This helps anyone really be part of a marketplace.

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Speaker 1: What are you finding is the best way to communicate

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Speaker 1: what you're doing and how you're growing, Because I do

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Speaker 1: think a lot of people know mented for invitations. I

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Speaker 1: mean full disclosure. It's what we used for. You know,

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Speaker 1: my wife and I used for our wedding and and

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Speaker 1: I think people know it for for holiday cards. But

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Speaker 1: but how do you then communicate that you're doing furniture

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Speaker 1: as well. Yeah, I think it's a great question. I mean,

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Speaker 1: we are targeting niche audiences through niche marketing, so you know,

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Speaker 1: you might not see it at the very highest level

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Speaker 1: of corporate marketing, but we are. We are marketing to

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Speaker 1: different audiences. But I think also you'll see more brand

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Speaker 1: building campaigns from us at the higher level this Christmas season,

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Speaker 1: where we really are focusing on the artist as the

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Speaker 1: common thread through all these businesses, so that I think

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Speaker 1: people really understand that it's about it's it's really about

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Speaker 1: an artist marketplace and community that is participating across textiles, paper, furniture,

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Speaker 1: wall art, many different goods and bringing but really centering

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Speaker 1: it around the artist story and their journey. And you'll

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Speaker 1: see that coming out too. You are so great about

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Speaker 1: highlighting other people's nys and artist journeys, but what about

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Speaker 1: your own journey here? Because you didn't get accepted the

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Speaker 1: first time around, but you came back the next year.

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Speaker 1: How did you make that happen? Yeah, I mean, I

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Speaker 1: think it's this idea of being persistent and fighting for

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Speaker 1: what you really what your dream is. And um, you know,

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Speaker 1: I had come into Stanford knowing I wanted to be

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Speaker 1: an entrepreneur. I'd landed in California after graduating from college.

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Speaker 1: I'd spent some time at some other businesses uh in investment, banking,

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Speaker 1: and consulting, and I knew that I wanted to carve

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Speaker 1: my own path. Um. I felt that if I had

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Speaker 1: gone more of the bigger corporate route, I wasn't sure

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Speaker 1: if that was a good fit for me and or

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Speaker 1: if I would be given the responsibility that I thought

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Speaker 1: maybe in my year old mind, I thought I may

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Speaker 1: be deserved. And so I really felt that the US

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Speaker 1: is you know, I'm a I'm an immigrant to the US.

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Speaker 1: I felt like, um, this is really a country of

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Speaker 1: great opportunity, uh, and that the American consumer would be

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Speaker 1: the ultimate judge of merit, that they wouldn't really care

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Speaker 1: necessarily who the product. If they like the product, they

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Speaker 1: would buy the product. And so I was really motivated

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Speaker 1: around entrepreneurship as a way to create the world. I

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Speaker 1: wanted to live in and create the products I wanted

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Speaker 1: to see. Um, have you found out to be the

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Speaker 1: case about the American consumer? I do think so. I

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Speaker 1: mean we have this is one of the best things

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Speaker 1: about being American is that we have this huge Peatrie

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Speaker 1: dish of like several hundred million consumers who can buy

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Speaker 1: your product and test your products. So it's a fantastic

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Speaker 1: It's why we are so good at product development and

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Speaker 1: marketing actually because we have this great we have a

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Speaker 1: great Peatrie dish, and so, um, that's exactly what's happened.

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Speaker 1: And um, that's why I wanted to pursue entrepreneurship and

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Speaker 1: come to Stanford. Um, so when I came out, I

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Speaker 1: knew that that's what I wanted to do. So what's

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Speaker 1: the endgame? And you know, it's a Bloomberg question. I mean,

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Speaker 1: it's got to be nice being private, but having investors involved, right,

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Speaker 1: But I mean, is the ultimate goal to be a

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Speaker 1: public company? How do you think about it? Because there

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Speaker 1: are options today. I think it used to be it

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Speaker 1: was a direct path. You stayed private for a long time,

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Speaker 1: but as soon as you could you get to the

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Speaker 1: public markets. It doesn't have to be that way. There's

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Speaker 1: a lot of cash out there with investor support to

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Speaker 1: keep a business going for years. We see that. Yeah,

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Speaker 1: I mean, I think we're always trying to keep all

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Speaker 1: options open um. But you know, it is an independent

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Speaker 1: company in the sense that our artists are independent too.

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Speaker 1: It's a fungible community. People can come and go, and

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Speaker 1: I think the idea of capturing trying to capture that

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Speaker 1: community inside another company is probably a little bit of

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Speaker 1: a forced a forced, it would be forced, some kind

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Speaker 1: of strange probably. So I think of ourselves as an

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Speaker 1: independent business, that we're building an independent company, and certainly

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Speaker 1: we could continue private financing or or go public, and

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Speaker 1: we're just preparing for, you know, for either, you know,

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Speaker 1: both both paths, and we always keep we always keep

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Speaker 1: ourselves prepared for both. What a fun conversation that was.

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Speaker 1: Miriam Nafisi, she's the founder and co c of Minted.

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Speaker 1: She joined us on campus at the Stanford Graduate School

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Speaker 1: of Business, and that was back in October. You're listening

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Speaker 1: to the Christmas weekend edition of Bloomberg Business Week. Some

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Speaker 1: of our highlights when it comes to the interviews that

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Speaker 1: we did over this past year, and coming up next,

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Speaker 1: you're going to hear from one of the most successful

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Speaker 1: innovators of all time, founder, chairman, and CEO of Dell Technologies,

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Speaker 1: Michael Dell. He talked to us about a lot, including

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Speaker 1: his new book, and that included a story about dinner

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Speaker 1: with Carl con Love. This part this is Bloomberg. You're

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Speaker 1: listening to Bloomberg Business Week with Carol Messer and Bloomberg

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Speaker 1: Quick Takes Tim Stinovik from Bloomberg Radio. We're bringing you

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Speaker 1: some of our favorite conversations from the past year on

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Speaker 1: this holiday weekend, and we're pleased now to look back

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Speaker 1: on an interview with one of the biggest names in

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Speaker 1: the history of America's tech sector. When he first incorporated

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Speaker 1: his company that he founded back in nineteen eighty four,

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Speaker 1: it was known as Dell Computer Corporation. At the time,

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Speaker 1: Michael Dell was just nineteen years old. I know it's unbelievable.

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Speaker 1: His story is is incredible. Nearly four decades later, he

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Speaker 1: detailed his climb to the top of his industry in

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Speaker 1: a book called Plain Nice. But when a CEO's journey

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Speaker 1: from founder to leader In a wide Ray Gene conversation

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Speaker 1: this past fall, the billionaire innovator spoke with us about

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Speaker 1: the fight for tech talent, the dawn of an era

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Speaker 1: to be dominated by artificial intelligence, and the time he

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Speaker 1: tangled with Carl con when the activist investor tried to

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Speaker 1: impede del f him taking his own company private. Back

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Speaker 1: in it was very hard. You know, I didn't really

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Speaker 1: have much experience dealing with somebody who would just go

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Speaker 1: on television and lie. You know that That's not something

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Speaker 1: I had experienced very often in my in my business career. Um.

432
00:22:33,000 --> 00:22:35,800
Speaker 1: But you know, ultimately, as I talked about in the book,

433
00:22:35,840 --> 00:22:38,880
Speaker 1: I did go to his house and confront him, and

434
00:22:39,359 --> 00:22:42,320
Speaker 1: you know, really saw that he didn't have any plan

435
00:22:42,520 --> 00:22:45,399
Speaker 1: whatsoever for the company, and to him, it was just

436
00:22:45,440 --> 00:22:48,800
Speaker 1: a big poker game. And and uh, you know, it

437
00:22:48,840 --> 00:22:50,960
Speaker 1: turned out to be way more difficult than that than

438
00:22:50,960 --> 00:22:54,280
Speaker 1: I thought, as was chronicled on Bloomberg television and radio

439
00:22:54,440 --> 00:22:59,000
Speaker 1: very extensively. I remember it. It was a story that

440
00:22:59,040 --> 00:23:03,720
Speaker 1: never ended until it did. And and uh, you know,

441
00:23:03,840 --> 00:23:07,360
Speaker 1: fortunately we were able to accelerate our transformation. Are our

442
00:23:07,400 --> 00:23:13,000
Speaker 1: shareholders got some of the benefits of our transformation if

443
00:23:13,040 --> 00:23:15,360
Speaker 1: we were successful, which we turned out we we we

444
00:23:15,359 --> 00:23:19,040
Speaker 1: were without taking on any of the risk. And uh,

445
00:23:19,280 --> 00:23:22,120
Speaker 1: you know, I I've learned how to how to how

446
00:23:22,119 --> 00:23:24,640
Speaker 1: to face down carl Icon. So there you go. Yay.

447
00:23:24,680 --> 00:23:26,800
Speaker 1: I'm wondering, Michael, if you if you missed the days

448
00:23:26,840 --> 00:23:29,080
Speaker 1: of of of running a company that's that's private, that

449
00:23:29,280 --> 00:23:32,720
Speaker 1: that doesn't have a report card available to you each

450
00:23:32,760 --> 00:23:34,920
Speaker 1: and every day Monday through Friday from you know, nine

451
00:23:34,960 --> 00:23:37,800
Speaker 1: thirty to four, every day where you watch the company's

452
00:23:37,800 --> 00:23:39,520
Speaker 1: stock move, Because you do talk a little bit in

453
00:23:39,520 --> 00:23:42,000
Speaker 1: the book about the way that big swings in the

454
00:23:42,000 --> 00:23:44,320
Speaker 1: company's stock would would make you feel and the way

455
00:23:44,320 --> 00:23:46,840
Speaker 1: that you thought that analysts and investors were missing it.

456
00:23:46,880 --> 00:23:48,600
Speaker 1: Do you miss the days of of of of not

457
00:23:48,680 --> 00:23:53,720
Speaker 1: running a public company? Well, I've I've I've done both

458
00:23:53,840 --> 00:23:58,320
Speaker 1: right and uh, you know, the key for us was

459
00:23:58,520 --> 00:24:02,760
Speaker 1: really put the company on a different trajectory. And back

460
00:24:02,800 --> 00:24:05,040
Speaker 1: in two thousand twelve and two thousand and thirteen, the

461
00:24:05,119 --> 00:24:08,040
Speaker 1: markets really didn't give us permission to go invest in

462
00:24:08,080 --> 00:24:11,440
Speaker 1: those new areas. Uh. You know, now I think we're

463
00:24:11,480 --> 00:24:15,879
Speaker 1: in a different spot, new capabilities, new growth rate, and

464
00:24:16,040 --> 00:24:21,760
Speaker 1: new trajectory. And you know, we also reignited that entrepreneurial

465
00:24:21,760 --> 00:24:25,360
Speaker 1: spirit which was the formation of the company and very

466
00:24:25,440 --> 00:24:28,600
Speaker 1: much kept that alive. Even as we've transitioned back to

467
00:24:29,160 --> 00:24:31,480
Speaker 1: being public again. Well, you know it's interesting too, and

468
00:24:31,760 --> 00:24:34,400
Speaker 1: we've really leaned on I think even more so during

469
00:24:34,400 --> 00:24:38,439
Speaker 1: the pandemic. Are our leaders right of companies UM to

470
00:24:38,480 --> 00:24:40,760
Speaker 1: help us get it through. I think about Black Lives

471
00:24:40,800 --> 00:24:42,440
Speaker 1: Matter and you know, one of the things we wanted

472
00:24:42,440 --> 00:24:44,520
Speaker 1: to ask you, And it feels like from reading your book,

473
00:24:45,160 --> 00:24:48,480
Speaker 1: you don't play around too much or careful around politics.

474
00:24:48,520 --> 00:24:51,359
Speaker 1: And I can understand that for for CEO S. But

475
00:24:51,800 --> 00:24:55,320
Speaker 1: you know your home state of of Texas. Uh, you know,

476
00:24:55,560 --> 00:24:57,560
Speaker 1: I have a lot of family in Texas. You seem

477
00:24:57,600 --> 00:24:59,840
Speaker 1: to be you know, you really love that state and

478
00:25:00,000 --> 00:25:02,680
Speaker 1: and you write a lot about it in your book.

479
00:25:02,960 --> 00:25:05,760
Speaker 1: How do you feel about things like the abortion law

480
00:25:05,800 --> 00:25:07,960
Speaker 1: and the voting rights one? Would you would you have

481
00:25:08,000 --> 00:25:13,879
Speaker 1: spoken out about? Yeah? I have spoken out about voting

482
00:25:13,960 --> 00:25:19,360
Speaker 1: rights and certainly we've communicated with our team members about uh,

483
00:25:19,760 --> 00:25:22,879
Speaker 1: you know, some of the some of the recent laws. Look,

484
00:25:22,920 --> 00:25:27,639
Speaker 1: I would much rather see our policymakers focus on education

485
00:25:27,800 --> 00:25:32,359
Speaker 1: and infrastructure and broadband and you know, the things that

486
00:25:32,400 --> 00:25:35,240
Speaker 1: will help the state continue to be successful. And as

487
00:25:35,280 --> 00:25:38,199
Speaker 1: we've communicated to our team members, you know, our belief

488
00:25:38,320 --> 00:25:41,320
Speaker 1: is that uh, you know, they should have more access

489
00:25:41,320 --> 00:25:45,080
Speaker 1: to healthcare, not not less. Do you worry though about

490
00:25:45,520 --> 00:25:47,960
Speaker 1: you know, some of these issues that will it'll hurt

491
00:25:48,200 --> 00:25:51,560
Speaker 1: del's ability to attract talent, especially in Austin or are

492
00:25:51,680 --> 00:25:55,520
Speaker 1: generally speaking, haven't seen that problem yet. Well, well, we'll

493
00:25:55,520 --> 00:25:58,640
Speaker 1: see how it plays out and uh, you know, uh

494
00:25:58,680 --> 00:26:02,320
Speaker 1: to again, our company will go where the talent is,

495
00:26:02,520 --> 00:26:06,520
Speaker 1: and you know, uh, let's let's see also how how

496
00:26:06,560 --> 00:26:12,399
Speaker 1: the courts you know, rule on these things. And you know, uh,

497
00:26:12,440 --> 00:26:13,959
Speaker 1: I think there's still a lot that we don't know

498
00:26:14,040 --> 00:26:17,719
Speaker 1: about how how this plays out. Hey, Michael, I want

499
00:26:17,760 --> 00:26:19,639
Speaker 1: to stick on on talent because we have spoken to

500
00:26:19,720 --> 00:26:22,560
Speaker 1: executives in recent months who've said, hey, the labor crunch

501
00:26:22,640 --> 00:26:25,320
Speaker 1: that we're seeing, it's really across the spectrum from hourly

502
00:26:25,359 --> 00:26:27,720
Speaker 1: employees all the way up to executives. If you had

503
00:26:27,720 --> 00:26:32,200
Speaker 1: to raise wages to attract and retain talent, well you're

504
00:26:32,200 --> 00:26:37,639
Speaker 1: always adjusting, you know, compensation and benefits. Pretty pleased with

505
00:26:37,720 --> 00:26:42,600
Speaker 1: our attrition, you know, our data says, you know, we're

506
00:26:42,720 --> 00:26:46,520
Speaker 1: uh uh in the you know, kind of lower quartile

507
00:26:47,080 --> 00:26:50,840
Speaker 1: of attrition. So I haven't really had an enormous challenge

508
00:26:50,880 --> 00:26:54,600
Speaker 1: there as I know many companies have and look at

509
00:26:54,920 --> 00:26:59,440
Speaker 1: um you know, Uh, our job is to create an

510
00:26:59,480 --> 00:27:04,560
Speaker 1: inspire ring and uh you know, passionate environment where people

511
00:27:04,600 --> 00:27:07,399
Speaker 1: can do their very best work. And we tracked a

512
00:27:07,440 --> 00:27:10,240
Speaker 1: lot of young people into our company given those opportunities.

513
00:27:10,280 --> 00:27:12,840
Speaker 1: I think if we keep doing that, uh you know,

514
00:27:13,160 --> 00:27:16,959
Speaker 1: we'll we'll be just fine. Am C. It is a

515
00:27:17,000 --> 00:27:20,000
Speaker 1: company that we know, we've all talked about it, um

516
00:27:20,040 --> 00:27:23,399
Speaker 1: you know, the king of growing uh storage device market.

517
00:27:23,440 --> 00:27:26,560
Speaker 1: We know cloud computing is changing all of this. Uh

518
00:27:26,640 --> 00:27:28,480
Speaker 1: you know, a former we were talking to some of

519
00:27:28,480 --> 00:27:32,280
Speaker 1: our colleagues, Uh, a former MC executive telling uh them

520
00:27:32,280 --> 00:27:35,720
Speaker 1: that EMC was once the last or what was the

521
00:27:35,760 --> 00:27:38,080
Speaker 1: last great storage companies. There will never be another one.

522
00:27:38,200 --> 00:27:40,720
Speaker 1: So what is the future of that market in your view?

523
00:27:40,760 --> 00:27:44,320
Speaker 1: And how do you think Deale specifically can benefit from that? Well,

524
00:27:44,520 --> 00:27:47,959
Speaker 1: the interesting thing is if you peel back the onion

525
00:27:48,160 --> 00:27:50,960
Speaker 1: on just about anything that's going on. You were talking

526
00:27:50,960 --> 00:27:57,679
Speaker 1: about crypto earlier, dec finance, autonomous vehicles, you know, just

527
00:27:57,760 --> 00:28:01,520
Speaker 1: pick your new thing that's happening. Behind all of that

528
00:28:01,760 --> 00:28:05,919
Speaker 1: is an enormous amount of data and uh you know,

529
00:28:06,080 --> 00:28:12,040
Speaker 1: it turns out you need a lot of cloud infrastructure Uh,

530
00:28:12,200 --> 00:28:15,000
Speaker 1: no matter where it is, and you need a lot

531
00:28:15,119 --> 00:28:19,400
Speaker 1: of data to make all these things happen. And so

532
00:28:19,600 --> 00:28:21,400
Speaker 1: you know, as the number one company in the world

533
00:28:21,480 --> 00:28:24,560
Speaker 1: that provides all of that, we're seeing some really nice

534
00:28:24,560 --> 00:28:28,000
Speaker 1: growth in those areas. So, uh, I think the world's

535
00:28:28,040 --> 00:28:31,040
Speaker 1: kind of figuring out. Yeah, public cloud is a thing,

536
00:28:31,280 --> 00:28:34,960
Speaker 1: but it's not just the public cloud, it's multi cloud.

537
00:28:35,640 --> 00:28:38,960
Speaker 1: It's also the edge and there's enormous growth going on

538
00:28:39,520 --> 00:28:43,120
Speaker 1: as everything in the world becomes intelligent and connected and

539
00:28:43,160 --> 00:28:47,040
Speaker 1: now with five g uh, the distributed computing world is

540
00:28:47,080 --> 00:28:51,080
Speaker 1: even more distributed. All that creates enormous opportunities for us

541
00:28:51,480 --> 00:28:53,920
Speaker 1: have to say that, um, you know, and we want

542
00:28:53,920 --> 00:28:55,440
Speaker 1: to talk a little about innovation. We've got a few

543
00:28:55,440 --> 00:28:58,600
Speaker 1: minutes left. Mike Bloomberg stop by my desk. I was working.

544
00:28:58,640 --> 00:29:00,520
Speaker 1: I have a huge pile of books and he's like,

545
00:29:00,600 --> 00:29:02,480
Speaker 1: do you read all of these? And I'm like, I try,

546
00:29:02,840 --> 00:29:04,400
Speaker 1: I said, but one book I'm reading right now is

547
00:29:04,440 --> 00:29:06,760
Speaker 1: Michael Dale's new book. And he's like, I know Michael,

548
00:29:07,040 --> 00:29:11,200
Speaker 1: and he goes, really smart guy, really innovative guy, and uh,

549
00:29:11,240 --> 00:29:13,360
Speaker 1: it was just kind of interesting and he talked about

550
00:29:13,400 --> 00:29:16,080
Speaker 1: you know, how you reinvented your company. Um, when it

551
00:29:16,200 --> 00:29:21,440
Speaker 1: comes to innovation reinvention, Um, what are the technologies that

552
00:29:21,520 --> 00:29:23,760
Speaker 1: you think we should be focusing on? You know what

553
00:29:23,920 --> 00:29:26,480
Speaker 1: general you know what gets you excited? Is it crypto?

554
00:29:26,680 --> 00:29:29,560
Speaker 1: Is it AI? Is it something? Is that the metaverse?

555
00:29:29,600 --> 00:29:32,000
Speaker 1: What do you think is interesting? Because reading your book,

556
00:29:32,120 --> 00:29:34,080
Speaker 1: I mean you've been involved in the text space that

557
00:29:34,160 --> 00:29:37,560
Speaker 1: you were a kid, and I just wonder what really

558
00:29:37,640 --> 00:29:40,400
Speaker 1: catches your attention now? Yeah, you know the power of

559
00:29:40,560 --> 00:29:46,080
Speaker 1: AI to again use all this data to up end

560
00:29:46,160 --> 00:29:51,480
Speaker 1: and reinvent every part of our world in society is incredible.

561
00:29:52,000 --> 00:29:55,440
Speaker 1: I think, Uh, you know, they're going to be incredible

562
00:29:55,880 --> 00:30:00,880
Speaker 1: innovations in the intersection of the bio biological and computational

563
00:30:00,920 --> 00:30:05,040
Speaker 1: sciences in all the areas you you talked about. Uh,

564
00:30:05,320 --> 00:30:10,000
Speaker 1: it's hard to predict you know, exactly how all these

565
00:30:10,040 --> 00:30:14,920
Speaker 1: things are going to evolve. But you know when when

566
00:30:14,920 --> 00:30:19,400
Speaker 1: you have these powerful ingredient technologies coming together, and look,

567
00:30:19,480 --> 00:30:21,720
Speaker 1: you have an enormous amount of risk capital right now

568
00:30:21,800 --> 00:30:25,640
Speaker 1: that's going after these problems and even harder, hard tech problems.

569
00:30:27,000 --> 00:30:30,880
Speaker 1: I think that the future is is super bright for

570
00:30:30,880 --> 00:30:34,680
Speaker 1: for uh, you know, humankind. That was Dell Technologies founder,

571
00:30:34,760 --> 00:30:37,600
Speaker 1: chairman and CEO Michael Dell. We interviewed him back in October.

572
00:30:37,720 --> 00:30:40,120
Speaker 1: His new book out this year, Play Nice, But when

573
00:30:40,160 --> 00:30:42,800
Speaker 1: a CEO's journey from founder to leader. I have to say,

574
00:30:42,840 --> 00:30:44,400
Speaker 1: at a hard time putting this one down. You know,

575
00:30:44,440 --> 00:30:47,400
Speaker 1: we get a lot of books get written by business leaders.

576
00:30:47,840 --> 00:30:50,200
Speaker 1: This one was different. It was and I think what

577
00:30:50,280 --> 00:30:52,840
Speaker 1: was fascinating was like it went back in time and

578
00:30:52,840 --> 00:30:55,000
Speaker 1: then it went forward in time, Like it was juxtaposition

579
00:30:55,120 --> 00:30:58,080
Speaker 1: in the creation of his company with then taking it

580
00:30:58,240 --> 00:30:59,920
Speaker 1: private again, Like it just went back and forth and

581
00:31:00,000 --> 00:31:02,080
Speaker 1: a really cool way. He also takes the gloves off

582
00:31:02,080 --> 00:31:05,360
Speaker 1: in some parts. I kind of love when people get

583
00:31:05,400 --> 00:31:07,520
Speaker 1: to a point in their in their lives. Were like,

584
00:31:07,560 --> 00:31:09,400
Speaker 1: I'm just gonna tell you what how it happened? Her

585
00:31:09,480 --> 00:31:12,080
Speaker 1: names names? He does name names. That wraps up the

586
00:31:12,160 --> 00:31:15,680
Speaker 1: first hour of our Christmas weekend edition of Bloomberg Business

587
00:31:15,680 --> 00:31:18,360
Speaker 1: Week from Bloomberg Radio and Carol Masser and I'm Tim Stannavat.

588
00:31:18,400 --> 00:31:20,920
Speaker 1: Coming up in our next hour. More of our best

589
00:31:20,960 --> 00:31:24,360
Speaker 1: from one, including Cathy Wood on her early days as

590
00:31:24,400 --> 00:31:26,800
Speaker 1: a fund manager and her road to stardom in the

591
00:31:26,800 --> 00:31:29,440
Speaker 1: financial world, plus newly minted Rock and Roll Hall of

592
00:31:29,440 --> 00:31:31,960
Speaker 1: Fame Regina Shocked, taking us behind the scenes with the

593
00:31:31,960 --> 00:31:37,600
Speaker 1: Go Goes and then Outlanders. Outlanders stars m hugh and

594
00:31:37,680 --> 00:31:39,959
Speaker 1: on his latest pursuits both on and off the set.

595
00:31:40,160 --> 00:31:43,920
Speaker 1: Whiskey anyone Yes? Also coming up, you'll here from the

596
00:31:43,960 --> 00:31:48,520
Speaker 1: former chairman and CEO of Google, Mr Eric Schmidt. Heard

597
00:31:48,520 --> 00:31:50,520
Speaker 1: of him, Yeah, I've heard of him. Uh And you know,

598
00:31:50,560 --> 00:31:52,479
Speaker 1: you think about you know, when he was at Google, right,

599
00:31:52,520 --> 00:31:55,160
Speaker 1: this was a company that was really going through growing

600
00:31:55,240 --> 00:31:58,480
Speaker 1: pains um slowly on its way to becoming what it

601
00:31:58,560 --> 00:32:00,600
Speaker 1: is today. But you know, he was often called we

602
00:32:00,680 --> 00:32:02,640
Speaker 1: joke about it, you know, the adult in the room,

603
00:32:02,760 --> 00:32:04,600
Speaker 1: like there are a bunch of you know, the guys

604
00:32:04,600 --> 00:32:07,880
Speaker 1: who created the company right, brilliant, but they needed somebody

605
00:32:07,880 --> 00:32:10,480
Speaker 1: to kind of formulate the company and help it on

606
00:32:10,600 --> 00:32:12,480
Speaker 1: its longer term journey. You know, we asked him that

607
00:32:12,560 --> 00:32:15,320
Speaker 1: question too, about other companies that perhaps need another adult

608
00:32:15,400 --> 00:32:16,760
Speaker 1: in the room. Stay tuned to hear what he had

609
00:32:16,800 --> 00:32:26,920
Speaker 1: to say. Really cool stuff. This is Bloomberg. This is

610
00:32:27,040 --> 00:32:31,160
Speaker 1: Bloomberg Business Week inside from the reporters and editors who

611
00:32:31,200 --> 00:32:35,160
Speaker 1: bring you America's most trusted business magazine plus global business,

612
00:32:35,280 --> 00:32:38,640
Speaker 1: finance and tech news. As it happened its Bloomberg Business

613
00:32:38,640 --> 00:32:42,320
Speaker 1: Week with Carol Messer and Bloomberg Quick Takes Tim Stinovik

614
00:32:42,560 --> 00:32:46,840
Speaker 1: on Bloomberg Radio. Hi'm Carol Masser and I'm Tim Stock.

615
00:32:46,920 --> 00:32:49,000
Speaker 1: Plenty ahead in our second hour of this special Howdy

616
00:32:49,080 --> 00:32:52,000
Speaker 1: weekend edition of Bloomberg Business Week, some of our biggest

617
00:32:52,040 --> 00:32:56,200
Speaker 1: interviews some of our favorites from including Cathy Wood of

618
00:32:56,320 --> 00:32:59,040
Speaker 1: ARC invest on the origins of her now world renown

619
00:32:59,440 --> 00:33:02,160
Speaker 1: risk Apple Tight, someone who is always on the investment

620
00:33:02,160 --> 00:33:04,120
Speaker 1: world radar and has been really gracious to us, giving

621
00:33:04,200 --> 00:33:06,320
Speaker 1: us lots of time throughout the year, and speaking of

622
00:33:06,360 --> 00:33:08,760
Speaker 1: being in the spotlight, We're gonna hear from two individuals

623
00:33:08,760 --> 00:33:11,960
Speaker 1: in the entertainment space. Go Goes drummer Gina Shock on

624
00:33:12,040 --> 00:33:15,080
Speaker 1: her life as part of the groundbreaking all female rock group.

625
00:33:15,480 --> 00:33:19,120
Speaker 1: Also Sam Hewan from the hit series Outlander on his

626
00:33:19,160 --> 00:33:23,280
Speaker 1: award winning and growing business portfolio. He's an author, he's

627
00:33:23,280 --> 00:33:25,640
Speaker 1: an actor. He does a lot when it comes to

628
00:33:25,760 --> 00:33:28,840
Speaker 1: charity and giving back. And don't forget that whiskey. No

629
00:33:29,760 --> 00:33:33,720
Speaker 1: we're not, We're not um really too fun individuals in

630
00:33:33,760 --> 00:33:36,240
Speaker 1: the entertainment space looking forward to that first up this hour,

631
00:33:36,320 --> 00:33:40,520
Speaker 1: though another Titan of America's technology landscape. In our last segment,

632
00:33:40,520 --> 00:33:44,440
Speaker 1: you heard Michael Dale's thoughts on the age of artificial intelligence. Well,

633
00:33:44,440 --> 00:33:46,880
Speaker 1: our next guest has had a hand in bringing us

634
00:33:46,920 --> 00:33:50,080
Speaker 1: to this point. He's got lots to say where we

635
00:33:50,160 --> 00:33:53,400
Speaker 1: go from here to help us understand the challenges that

636
00:33:53,440 --> 00:33:57,480
Speaker 1: are facing humankind as this technology becomes more pervasive. Bloomberg

637
00:33:57,480 --> 00:34:00,520
Speaker 1: Cross Asset reporter Katie Raifeld and I spoke with Eric Schmidt,

638
00:34:00,520 --> 00:34:03,120
Speaker 1: the co founder of Schmidt Futures, also, of course, the

639
00:34:03,200 --> 00:34:06,640
Speaker 1: former CEO and chairman of Google. This change in the

640
00:34:06,640 --> 00:34:09,439
Speaker 1: next five to ten years is the beginning of an

641
00:34:09,480 --> 00:34:12,840
Speaker 1: ethical change in human history, similar to the Age of

642
00:34:12,920 --> 00:34:16,279
Speaker 1: Reformation where age of reason excuse me, where we went

643
00:34:16,320 --> 00:34:19,080
Speaker 1: from the age of faith where people basically just believe

644
00:34:19,160 --> 00:34:22,400
Speaker 1: that whatever God said was correct versus the notion of

645
00:34:22,440 --> 00:34:25,680
Speaker 1: having reason. And the world where we're going to have

646
00:34:25,719 --> 00:34:30,520
Speaker 1: ourselves and then inanimate non human intelligence is helping us

647
00:34:30,760 --> 00:34:34,040
Speaker 1: is a very different world than the one we're in today.

648
00:34:34,320 --> 00:34:36,640
Speaker 1: And bridge the gap between the world we're in today

649
00:34:36,719 --> 00:34:39,840
Speaker 1: and the world we're heading into where AI is a

650
00:34:39,840 --> 00:34:42,400
Speaker 1: bigger part of it. Because you know, when I think

651
00:34:42,440 --> 00:34:45,160
Speaker 1: about a I I struggled to think about how it

652
00:34:45,200 --> 00:34:47,520
Speaker 1: will transform my day to day life. So if we

653
00:34:47,600 --> 00:34:50,759
Speaker 1: go down that path, you know, five, ten, even more

654
00:34:50,840 --> 00:34:53,319
Speaker 1: years into the future, I mean, how do you see

655
00:34:53,360 --> 00:34:56,680
Speaker 1: this shaping the world around us? Well, most people when

656
00:34:56,680 --> 00:34:59,560
Speaker 1: they think about it, are they think of a killer robot.

657
00:35:00,080 --> 00:35:02,440
Speaker 1: Wasn't going to say that, but yeah, yeah, yeah, we're

658
00:35:02,520 --> 00:35:05,560
Speaker 1: We're not talking about that. What we're talking about is

659
00:35:05,600 --> 00:35:08,600
Speaker 1: that you will have assistance. Today, you have an assistant

660
00:35:08,600 --> 00:35:11,680
Speaker 1: in the form of Google UM, you have recommendation engines

661
00:35:11,719 --> 00:35:13,920
Speaker 1: and so forth. Those are all AI powered by the way,

662
00:35:14,000 --> 00:35:17,080
Speaker 1: but translations and so forth, that all works very well.

663
00:35:18,080 --> 00:35:19,959
Speaker 1: What will happen in the next five or ten years

664
00:35:20,000 --> 00:35:23,200
Speaker 1: is you're going to have conversational systems that are human

665
00:35:23,280 --> 00:35:26,640
Speaker 1: life that you're gonna ask questions and can make recommendations

666
00:35:26,840 --> 00:35:30,520
Speaker 1: and more importantly, generate new things. UM. In our book,

667
00:35:30,600 --> 00:35:35,360
Speaker 1: we talk about the h the achievement of AlphaGo, where

668
00:35:35,640 --> 00:35:39,880
Speaker 1: computers developed new game strategies for a game that have

669
00:35:39,960 --> 00:35:42,560
Speaker 1: been played by humans for two thousand private or years

670
00:35:42,600 --> 00:35:45,440
Speaker 1: that had never been discovered by humans. We highlight the

671
00:35:45,480 --> 00:35:48,160
Speaker 1: discovery of a new antibiotic. They could never have been

672
00:35:48,160 --> 00:35:54,759
Speaker 1: done without using superhuman supercomputer analysis with human collaboration to

673
00:35:54,880 --> 00:35:57,279
Speaker 1: look through all the choices to find a new antibiotic

674
00:35:57,360 --> 00:36:00,200
Speaker 1: that says that saves lives. And we also talk about

675
00:36:00,239 --> 00:36:03,879
Speaker 1: these new language models, which are these immense systems where

676
00:36:03,920 --> 00:36:05,560
Speaker 1: we build them and that we don't know what they

677
00:36:05,600 --> 00:36:09,320
Speaker 1: know and what they really think. And it's called GPP three.

678
00:36:09,400 --> 00:36:13,279
Speaker 1: These are the beginning platforms of a transformation of our

679
00:36:13,440 --> 00:36:15,919
Speaker 1: the world around us. So the answer for you, specifically

680
00:36:16,360 --> 00:36:20,040
Speaker 1: your reporter, Uh, you're you're in the news, You're inundated

681
00:36:20,080 --> 00:36:22,960
Speaker 1: with information. Everyone is going to be pushing more and

682
00:36:22,960 --> 00:36:25,480
Speaker 1: more stuff to you. You're gonna be inundated. You're going

683
00:36:25,520 --> 00:36:28,560
Speaker 1: to need a digital assistant. It will help you prioritize

684
00:36:29,040 --> 00:36:30,719
Speaker 1: what you what you need to do in your work

685
00:36:30,760 --> 00:36:33,120
Speaker 1: as well as your whole life. Okay, that sounds better

686
00:36:33,120 --> 00:36:37,080
Speaker 1: than a killer robot. Absolutely. So to that end, you

687
00:36:37,560 --> 00:36:39,520
Speaker 1: write in the preface along with your co author, is

688
00:36:39,520 --> 00:36:41,120
Speaker 1: that the three of you differ to the extent in

689
00:36:41,120 --> 00:36:44,040
Speaker 1: which you're optimistic about AI. Where do you fall in

690
00:36:44,080 --> 00:36:48,160
Speaker 1: that of the three of us, I'm the more most optimistic,

691
00:36:48,200 --> 00:36:51,480
Speaker 1: I think because in my world and my experience, we've

692
00:36:52,000 --> 00:36:55,640
Speaker 1: we have these enormous opportunities with enormous down sides and

693
00:36:55,719 --> 00:37:00,400
Speaker 1: somehow we muddle through. Um. If I told you the

694
00:37:00,480 --> 00:37:03,600
Speaker 1: social media would become the primary attention source and information

695
00:37:03,640 --> 00:37:05,920
Speaker 1: source for the most of the world, you'd say, great.

696
00:37:06,400 --> 00:37:08,759
Speaker 1: What I didn't realize when we did social media it

697
00:37:08,800 --> 00:37:13,480
Speaker 1: would also be used to manipulated elections and manipulate people

698
00:37:13,800 --> 00:37:17,800
Speaker 1: through falsehoods and misinformation and so forth. Uh, we're working

699
00:37:17,840 --> 00:37:21,000
Speaker 1: on the ladder. So when this next generation of much

700
00:37:21,040 --> 00:37:24,719
Speaker 1: smarter systems come along, we better have a notion of

701
00:37:24,760 --> 00:37:28,080
Speaker 1: what their ethics are. What are they promoting? Um, when

702
00:37:28,080 --> 00:37:30,560
Speaker 1: you put one of these things with your kid, who's

703
00:37:30,560 --> 00:37:33,800
Speaker 1: obviously developmentally vulnerable, what happened If the thing has a

704
00:37:33,880 --> 00:37:36,360
Speaker 1: hidden bug in it, like it's slightly racist, or it

705
00:37:36,360 --> 00:37:39,960
Speaker 1: has the wrong values, everyone's a all. It says something inappropriate.

706
00:37:40,440 --> 00:37:43,040
Speaker 1: Do you really want your child exposed to that in

707
00:37:43,120 --> 00:37:47,520
Speaker 1: such an important role where this is the child's best friend. Eric,

708
00:37:47,600 --> 00:37:49,880
Speaker 1: I want to talk about the metaverse and the context

709
00:37:49,920 --> 00:37:53,200
Speaker 1: of last week's rebranding of Facebook. What is the relationship

710
00:37:53,560 --> 00:37:56,600
Speaker 1: between AI and the metaverse? Well, the metaverse needs to

711
00:37:56,600 --> 00:37:59,040
Speaker 1: be defined, you know, as you know, the term was

712
00:37:59,320 --> 00:38:03,200
Speaker 1: coined a night by Neil Stevenson in a famous science

713
00:38:03,200 --> 00:38:06,680
Speaker 1: fiction book, and most of us think that the metaverse

714
00:38:06,880 --> 00:38:09,520
Speaker 1: is a world where sort of similar to the movie

715
00:38:09,600 --> 00:38:13,240
Speaker 1: Ready Player, one where you would move into a digital

716
00:38:13,280 --> 00:38:17,120
Speaker 1: world that's everyone's smarter, more beautiful, faster, it's more fun,

717
00:38:17,640 --> 00:38:21,799
Speaker 1: and it's really enjoyable. Facebook has not built that product yet,

718
00:38:22,440 --> 00:38:25,040
Speaker 1: and so we have to assume that that's their direction.

719
00:38:25,520 --> 00:38:27,680
Speaker 1: But it seems to me that naming the changing the

720
00:38:27,800 --> 00:38:30,280
Speaker 1: name of all of Facebook, which is a hundred thousand

721
00:38:30,320 --> 00:38:33,360
Speaker 1: people in an enormous business, based on products that have

722
00:38:33,440 --> 00:38:37,400
Speaker 1: not been announced yet is a pretty big decision. And

723
00:38:37,440 --> 00:38:40,120
Speaker 1: we'll see, let's see how the products play out. That's

724
00:38:40,200 --> 00:38:42,680
Speaker 1: Eric Schmidt, the co founder of Schmidt Futures and former

725
00:38:42,719 --> 00:38:45,640
Speaker 1: CEO and chairman of Google. Also the co author of

726
00:38:45,680 --> 00:38:48,720
Speaker 1: the Age of a I and Our Human Future, which

727
00:38:48,760 --> 00:38:52,200
Speaker 1: he wrote with Henry Kissinger and Daniel Hutton Locker. You're

728
00:38:52,200 --> 00:38:54,840
Speaker 1: listening to Bloomberg Business Week. We continue with some of

729
00:38:54,840 --> 00:38:59,200
Speaker 1: our memorable conversations, including a catch up with Cathy would

730
00:38:59,239 --> 00:39:02,279
Speaker 1: the founder, CEO and see IO of Arc invest. This

731
00:39:02,400 --> 00:39:14,160
Speaker 1: is Bloomberg. This is Bloomberg Business Week with Carol Messer

732
00:39:14,400 --> 00:39:19,680
Speaker 1: and Bloomberg Quick Takes. Tim Stinovik from Bloomberg Radio So

733
00:39:20,719 --> 00:39:22,480
Speaker 1: gave us a chance to hit the road again and

734
00:39:22,520 --> 00:39:25,360
Speaker 1: broadcast from some of our favorite events in the financial world.

735
00:39:25,640 --> 00:39:28,160
Speaker 1: One of them was the Milk And Institute Global Conference

736
00:39:28,200 --> 00:39:31,000
Speaker 1: in Los Angeles that was back in October. The annual

737
00:39:31,040 --> 00:39:35,279
Speaker 1: gathering of global leaders and government, finance, health, academia, philanthropy,

738
00:39:35,320 --> 00:39:38,520
Speaker 1: and Moore returned to an in person format after last

739
00:39:38,600 --> 00:39:41,520
Speaker 1: year's event was scaled down and completely remote, of course,

740
00:39:41,600 --> 00:39:43,520
Speaker 1: due to the pandemic. Yeah, it really felt good to

741
00:39:43,520 --> 00:39:46,440
Speaker 1: be back in person. It was scaled down, but nonetheless

742
00:39:46,440 --> 00:39:49,040
Speaker 1: great to be around people and actually do panels up

743
00:39:49,040 --> 00:39:52,760
Speaker 1: on stage with individuals rather than virtually. We did spend

744
00:39:52,960 --> 00:39:56,719
Speaker 1: three jam packed days talking about the disruptions and innovations

745
00:39:56,719 --> 00:39:59,880
Speaker 1: brought on by the global pandemic, along with social crises

746
00:40:00,040 --> 00:40:03,480
Speaker 1: and economic hardships that we've really seen developed since last March.

747
00:40:03,880 --> 00:40:06,120
Speaker 1: And when you want to talk innovation and how to

748
00:40:06,200 --> 00:40:08,799
Speaker 1: place your bets on the future, if there's one person

749
00:40:08,840 --> 00:40:11,920
Speaker 1: you need to hear from, well it's Cathy Wood. Carol

750
00:40:12,000 --> 00:40:14,680
Speaker 1: sat down with the ARC invest founder, CEO and ce

751
00:40:14,680 --> 00:40:16,879
Speaker 1: IO at Milkne to get the backstory behind the fund

752
00:40:16,880 --> 00:40:19,759
Speaker 1: manager's rise to investment fame. I think important to note

753
00:40:19,800 --> 00:40:23,440
Speaker 1: here Carol You've known Cathy for years, uh, back to

754
00:40:23,480 --> 00:40:26,400
Speaker 1: when she started ARC, and you know, she wasn't a

755
00:40:26,440 --> 00:40:28,360
Speaker 1: household name at least in the investing world like she

756
00:40:28,480 --> 00:40:30,520
Speaker 1: is today. Yeah, it was pretty fascinating. I think about

757
00:40:30,680 --> 00:40:33,080
Speaker 1: seven years ago, I think it was, uh, and she

758
00:40:33,239 --> 00:40:34,719
Speaker 1: didn't have a lot of money, didn't have a new

759
00:40:34,800 --> 00:40:37,160
Speaker 1: fund out yet. It was just, you know, a new

760
00:40:37,239 --> 00:40:40,120
Speaker 1: name in the space and her ideas that this whole

761
00:40:40,120 --> 00:40:42,640
Speaker 1: idea of disruption innovation. You know, it's something we talked

762
00:40:42,640 --> 00:40:45,640
Speaker 1: about pretty regularly now, but back then it was a

763
00:40:45,680 --> 00:40:49,240
Speaker 1: new idea after the tech and telecombust and then even

764
00:40:49,280 --> 00:40:53,120
Speaker 1: more so after oh eight oh nine, I began to

765
00:40:53,160 --> 00:40:58,239
Speaker 1: see just incredible risk aversion, career risk, business risk, and

766
00:40:58,360 --> 00:41:04,480
Speaker 1: everybody was worshiping the almighty index benchmarks, and that was

767
00:41:04,520 --> 00:41:06,480
Speaker 1: not consistent with what we were doing at all. So

768
00:41:06,600 --> 00:41:10,040
Speaker 1: we were becoming I described it as an otter and

769
00:41:10,200 --> 00:41:14,680
Speaker 1: otter duck, you know. And I also felt this was

770
00:41:14,840 --> 00:41:19,600
Speaker 1: very bad behavior. I feel like the maybe investing and

771
00:41:19,640 --> 00:41:23,319
Speaker 1: tried and true is not wrong, but investing only in

772
00:41:23,360 --> 00:41:27,839
Speaker 1: the past, I do believe is wrong. Uh, you know,

773
00:41:27,960 --> 00:41:32,000
Speaker 1: because there are so many so there's so much in

774
00:41:32,000 --> 00:41:35,080
Speaker 1: the way of innovation evolving, and I did not feel

775
00:41:35,120 --> 00:41:38,840
Speaker 1: like it could be funded appropriately in the in the

776
00:41:38,920 --> 00:41:43,280
Speaker 1: public markets. The private markets were screaming, so valuations were crazy.

777
00:41:43,360 --> 00:41:47,040
Speaker 1: They're the same kind of stock was selling for a

778
00:41:47,160 --> 00:41:50,279
Speaker 1: fraction of the valuation in the public markets. So I

779
00:41:50,280 --> 00:41:53,839
Speaker 1: felt there was an I felt there was an arbitrage opportunity.

780
00:41:53,880 --> 00:41:58,440
Speaker 1: Many people in the public world said, oh, those private valuations,

781
00:41:58,520 --> 00:42:01,280
Speaker 1: those are going to crash. Didn't think that was true.

782
00:42:01,640 --> 00:42:04,560
Speaker 1: We thought the public market valuations were going to move up.

783
00:42:05,000 --> 00:42:10,280
Speaker 1: So I felt that this focus on innovation had been lost,

784
00:42:10,520 --> 00:42:14,960
Speaker 1: research lost, investing lost in the public markets. And I

785
00:42:15,000 --> 00:42:18,799
Speaker 1: said we could we could fulfill a huge on met

786
00:42:18,840 --> 00:42:23,719
Speaker 1: need and and change this misallocation of capital, which is

787
00:42:23,760 --> 00:42:29,440
Speaker 1: all about the past, especially because of the explosive growth

788
00:42:29,480 --> 00:42:32,920
Speaker 1: opportunities there are in the future. So tell us about

789
00:42:33,040 --> 00:42:35,360
Speaker 1: And I know there's been a podcast you've done and

790
00:42:35,400 --> 00:42:38,439
Speaker 1: there's been some writing. What was the aha moment you said,

791
00:42:38,480 --> 00:42:41,040
Speaker 1: I'm going to do this differently And I want you

792
00:42:41,080 --> 00:42:42,799
Speaker 1: if you don't mind. I mean, I know your faith

793
00:42:42,840 --> 00:42:45,440
Speaker 1: is important to you and the name of your company's

794
00:42:45,480 --> 00:42:49,040
Speaker 1: are so how did that play into it? Sure? So

795
00:42:49,600 --> 00:42:53,879
Speaker 1: I remember walking into my home on a beautiful side.

796
00:42:53,920 --> 00:42:56,960
Speaker 1: I get these epiphanies on beautiful sunny days when I'm

797
00:42:56,960 --> 00:42:59,880
Speaker 1: not really thinking about anything. But I walked into my

798
00:43:00,520 --> 00:43:05,640
Speaker 1: beautiful sunny day silence. Now had three children, two dogs,

799
00:43:05,680 --> 00:43:09,040
Speaker 1: and a nanny, and it was complete silence because they

800
00:43:09,040 --> 00:43:11,160
Speaker 1: were going to all be away for two weeks, first

801
00:43:11,200 --> 00:43:13,600
Speaker 1: time ever in this house. And I walked into the

802
00:43:13,680 --> 00:43:18,480
Speaker 1: kitchen and I wasn't happy, but I wasn't sad. I

803
00:43:18,560 --> 00:43:23,040
Speaker 1: wasn't even thinking about work, and and I got the

804
00:43:23,080 --> 00:43:27,480
Speaker 1: message loud and clear. You have to take all of

805
00:43:27,520 --> 00:43:32,840
Speaker 1: the technologies that have disrupted other industries and start to

806
00:43:32,920 --> 00:43:38,000
Speaker 1: disrupt your own and focus on their new creation. It

807
00:43:38,080 --> 00:43:40,280
Speaker 1: sounds like, and I want to stay here for a moment.

808
00:43:40,880 --> 00:43:43,000
Speaker 1: I have faiths and beliefs that are very important to me.

809
00:43:43,040 --> 00:43:45,279
Speaker 1: It sounds like your faith guides you in a lot

810
00:43:45,320 --> 00:43:48,680
Speaker 1: of ways. How does it as you look at these companies,

811
00:43:49,400 --> 00:43:52,160
Speaker 1: make your investments, make your decisions. How does that play

812
00:43:52,160 --> 00:43:54,919
Speaker 1: into it? Cathy Um? Well, first of all, in terms

813
00:43:54,960 --> 00:43:57,880
Speaker 1: of that aha moment, you know, many people would describe

814
00:43:57,920 --> 00:44:02,200
Speaker 1: that as the force or the universe. I would call

815
00:44:02,239 --> 00:44:05,040
Speaker 1: it the Holy Spirit, and so the Holy Spirit as

816
00:44:05,080 --> 00:44:08,400
Speaker 1: a guide. Um. You know, as much as we in

817
00:44:08,440 --> 00:44:10,880
Speaker 1: the financial world would like to think we're in control.

818
00:44:11,680 --> 00:44:16,000
Speaker 1: We're not. Uh, there are much bigger forces in control.

819
00:44:16,120 --> 00:44:20,120
Speaker 1: Some would say the fans in control around No, not

820
00:44:20,200 --> 00:44:24,279
Speaker 1: even the FEDS in control. So um and and this

821
00:44:24,440 --> 00:44:27,759
Speaker 1: idea of the new creation, In fact I got it

822
00:44:27,840 --> 00:44:31,799
Speaker 1: was after I described what I the ecosystem that I

823
00:44:31,840 --> 00:44:35,320
Speaker 1: wanted to put in place, involving social media and giving

824
00:44:35,320 --> 00:44:39,040
Speaker 1: our research away. And you know, I wasn't even thinking

825
00:44:39,080 --> 00:44:42,040
Speaker 1: about going viral and the way that we have gone viral.

826
00:44:42,080 --> 00:44:44,440
Speaker 1: I was just thinking, how can we get our message

827
00:44:44,440 --> 00:44:47,520
Speaker 1: out because we can't get it out through traditional channels.

828
00:44:47,920 --> 00:44:49,680
Speaker 1: Nobody believes in us. Well, if you're going to do

829
00:44:49,719 --> 00:44:51,839
Speaker 1: it differently, like you're gonna do it differently all the way,

830
00:44:51,960 --> 00:44:54,719
Speaker 1: all the way, all the way. And so we are

831
00:44:54,840 --> 00:44:59,520
Speaker 1: seeking the truth as these news new technologies evolve, all

832
00:44:59,560 --> 00:45:02,520
Speaker 1: of them at the same time, right and cause like

833
00:45:02,680 --> 00:45:06,399
Speaker 1: a lot of chaos, a lot of confusion, a lot

834
00:45:06,440 --> 00:45:10,440
Speaker 1: of fund fear, uncertainty, end doubt in our markets. And

835
00:45:10,920 --> 00:45:14,200
Speaker 1: we're trying to allocate capital to its highest and best

836
00:45:14,280 --> 00:45:17,000
Speaker 1: use to do the right thing. That was Kathy Would,

837
00:45:17,080 --> 00:45:19,560
Speaker 1: she's the founder, CEO and CEE i O of our

838
00:45:19,719 --> 00:45:22,040
Speaker 1: invest her conversation with Carol took place at the Milk

839
00:45:22,080 --> 00:45:25,000
Speaker 1: and Institute Global Conference back in October. I was there live.

840
00:45:25,400 --> 00:45:29,280
Speaker 1: This was a standing room only event because it was packed. Uh.

841
00:45:29,320 --> 00:45:33,720
Speaker 1: And you know what, you got up there with Kathy.

842
00:45:33,880 --> 00:45:35,719
Speaker 1: I think it was just after Steve Manusian was up

843
00:45:35,719 --> 00:45:38,680
Speaker 1: there with our colleague Romain Bostick, which is another exactly

844
00:45:38,760 --> 00:45:41,839
Speaker 1: easy to follow, But you didn't thank you, thank you.

845
00:45:41,920 --> 00:45:44,359
Speaker 1: It was really nice to be there, and like both

846
00:45:44,400 --> 00:45:46,480
Speaker 1: of us, we had so many good conversations. I think

847
00:45:46,520 --> 00:45:49,479
Speaker 1: about those three days of broadcasts, you and I really

848
00:45:49,520 --> 00:45:53,240
Speaker 1: talking to some really smart individuals. Everybody loved being in person,

849
00:45:53,320 --> 00:45:55,480
Speaker 1: and I highly recommend folks go back and check out

850
00:45:55,520 --> 00:45:58,600
Speaker 1: our podcast feed because those shows were pretty memorable. Uh.

851
00:45:58,640 --> 00:46:00,000
Speaker 1: And I was so glad that we could be there

852
00:46:00,800 --> 00:46:02,960
Speaker 1: all right. Still the Common Bluemberg Business Week. A new

853
00:46:03,000 --> 00:46:04,960
Speaker 1: inductee into the Rock and Roll Hall of Fame. We're

854
00:46:04,960 --> 00:46:07,440
Speaker 1: gonna shift gears a little bit, have some fun in

855
00:46:07,440 --> 00:46:10,600
Speaker 1: this last thirty minutes of our special holiday broadcast. So

856
00:46:10,680 --> 00:46:13,319
Speaker 1: a rock and Roll Hall of Famer and also an

857
00:46:13,360 --> 00:46:16,600
Speaker 1: award winning actor, entrepreneur, and I guess I can say

858
00:46:16,600 --> 00:46:19,960
Speaker 1: a man of the Scottish Highlands and our best Bloomberg

859
00:46:20,000 --> 00:46:22,600
Speaker 1: business Week Christmas Weekend special. It takes us onto the

860
00:46:22,640 --> 00:46:25,960
Speaker 1: stage with rock legend Gina Shock. Also on set with

861
00:46:26,000 --> 00:46:36,480
Speaker 1: Outlander star Sam Huant. This is Bloomberg. COVID nineteen has

862
00:46:36,600 --> 00:46:39,080
Speaker 1: changed how we live and how we feel, but now

863
00:46:39,239 --> 00:46:41,640
Speaker 1: there are vaccines and they are the first step that

864
00:46:41,719 --> 00:46:43,920
Speaker 1: lets us get back to the things we miss most

865
00:46:44,120 --> 00:46:47,520
Speaker 1: like spreading the word without spread and concern, girls tripping

866
00:46:47,560 --> 00:46:50,719
Speaker 1: instead of solo, sipping and talking smack with the side

867
00:46:50,719 --> 00:46:53,680
Speaker 1: of mac and cheese. It's okay to have questions about

868
00:46:53,680 --> 00:46:57,719
Speaker 1: COVID nineteen vaccines. Now get the facts. Visit get Vaccine

869
00:46:57,760 --> 00:47:00,640
Speaker 1: Answers dot Org so you can make it in decision

870
00:47:00,800 --> 00:47:04,000
Speaker 1: when COVID nineteen vaccines are available to you, brought to

871
00:47:04,040 --> 00:47:07,839
Speaker 1: you by the AD Council. This is Bloomberg Business Week

872
00:47:08,040 --> 00:47:12,080
Speaker 1: with Carol Masser and Bloomberg Quick Takes. Tim Stinovic on

873
00:47:12,160 --> 00:47:15,520
Speaker 1: Bloomberg Radio. Alright, we definitely got to beat this year.

874
00:47:15,800 --> 00:47:17,920
Speaker 1: We've had some great interviews, and I gotta say being

875
00:47:17,920 --> 00:47:20,719
Speaker 1: part of the Bloomberg Business Week team and family means

876
00:47:20,800 --> 00:47:24,200
Speaker 1: we talk daily about the intersection of markets and business

877
00:47:24,200 --> 00:47:26,399
Speaker 1: with every industry that's out there, and that includes arts

878
00:47:26,440 --> 00:47:29,000
Speaker 1: and entertainment, which is why we wanted to catch up

879
00:47:29,000 --> 00:47:31,320
Speaker 1: with an original member of The Go Goes, the first

880
00:47:31,360 --> 00:47:34,280
Speaker 1: all female rock group to write their own songs, play

881
00:47:34,320 --> 00:47:37,240
Speaker 1: their own instruments, and reach the top of the Billboard charts.

882
00:47:37,320 --> 00:47:41,239
Speaker 1: Drummer Gina Shock recently released her new book Made in Hollywood,

883
00:47:41,440 --> 00:47:44,360
Speaker 1: All Access with the Go Goes. It's a personal account

884
00:47:44,360 --> 00:47:46,799
Speaker 1: of the band that includes a treasure trove of photographs

885
00:47:46,800 --> 00:47:49,320
Speaker 1: and memory Billia collected over the course of her forty

886
00:47:49,400 --> 00:47:53,320
Speaker 1: year career. This is an awesome book. The pictures alone

887
00:47:53,640 --> 00:47:56,360
Speaker 1: are amazing. It's gorgeous. It's really really well done. And

888
00:47:56,400 --> 00:47:58,080
Speaker 1: when we spoke with her back in November, she and

889
00:47:58,120 --> 00:48:00,200
Speaker 1: her bandmates had just been inducted into the Rock and

890
00:48:00,280 --> 00:48:03,520
Speaker 1: Roll Hall of Fame. We wanted to know which artists

891
00:48:03,560 --> 00:48:06,520
Speaker 1: she had looked to for inspiration along the way. I

892
00:48:06,560 --> 00:48:08,799
Speaker 1: am the ultimate fan, let me tell you, you know,

893
00:48:08,920 --> 00:48:11,560
Speaker 1: I just adore them all. It's music is my whole

894
00:48:11,600 --> 00:48:14,080
Speaker 1: life and it's always been and I feel so lucky

895
00:48:14,200 --> 00:48:19,320
Speaker 1: to be able to contribute. Um. I meeting David Bowie

896
00:48:19,640 --> 00:48:22,359
Speaker 1: was a huge thing in my life. I idolized him

897
00:48:22,400 --> 00:48:25,400
Speaker 1: growing up and you know, had the utmost respect to

898
00:48:25,520 --> 00:48:28,080
Speaker 1: the The guy was a genius um and I got

899
00:48:28,120 --> 00:48:30,480
Speaker 1: to meet him three times and that was super duper cool.

900
00:48:30,600 --> 00:48:32,840
Speaker 1: It was actually the first time I met him that

901
00:48:32,920 --> 00:48:34,480
Speaker 1: the photo of us in the book is when he

902
00:48:34,520 --> 00:48:36,560
Speaker 1: was doing the Serious Moonlight tour and we actually got

903
00:48:36,560 --> 00:48:39,480
Speaker 1: to open for him too, I think at Anaheim Stadium.

904
00:48:39,719 --> 00:48:41,759
Speaker 1: That was very cool. But the first time I met

905
00:48:41,800 --> 00:48:45,560
Speaker 1: him was in night before the Gogers were even signed.

906
00:48:45,560 --> 00:48:47,560
Speaker 1: We were playing at the Rich in New York City.

907
00:48:47,760 --> 00:48:50,279
Speaker 1: Checked this out. We didn't have a record deal. We

908
00:48:50,320 --> 00:48:52,000
Speaker 1: had just gotten back from England. We had been opening

909
00:48:52,000 --> 00:48:54,799
Speaker 1: for Madness and the Specials over there, so we all

910
00:48:54,800 --> 00:48:56,919
Speaker 1: had our our boyfriends with us. So man is, we're

911
00:48:56,920 --> 00:48:59,000
Speaker 1: on our show. What we get done? And we go

912
00:48:59,080 --> 00:49:00,719
Speaker 1: to the I P set and then they're like, guess

913
00:49:00,760 --> 00:49:03,319
Speaker 1: who was at your show? Who? Okay, David Bowie and

914
00:49:03,360 --> 00:49:08,879
Speaker 1: his constant companion Coco, Peak Towns and and John and Yoko. Now,

915
00:49:09,000 --> 00:49:12,439
Speaker 1: unfortunately John and Yoko left during the encore, and yet

916
00:49:12,520 --> 00:49:14,200
Speaker 1: in a couple of months he was going, you know

917
00:49:14,280 --> 00:49:18,399
Speaker 1: that murdered him. Um so, but the two of them

918
00:49:18,400 --> 00:49:20,319
Speaker 1: had seen the show. That meant a whole lot to me,

919
00:49:20,560 --> 00:49:22,480
Speaker 1: and Peak towns and that meant a lot. And then

920
00:49:22,520 --> 00:49:26,120
Speaker 1: of course Bowie and meeting him and talking to him.

921
00:49:26,200 --> 00:49:28,680
Speaker 1: He was such a gentleman and so generous at this time,

922
00:49:28,760 --> 00:49:31,719
Speaker 1: and wow, what what an incredible night that was for

923
00:49:31,760 --> 00:49:34,480
Speaker 1: me um and of course opening for the Stones. I mean,

924
00:49:34,520 --> 00:49:37,239
Speaker 1: these are things you dream of, you know, and man,

925
00:49:37,320 --> 00:49:40,239
Speaker 1: it's like happening a little old Gina from Dundock in Baltimore, Like,

926
00:49:40,280 --> 00:49:43,719
Speaker 1: it's crazy stuff, guys. It's it's like your dreams do

927
00:49:44,040 --> 00:49:46,759
Speaker 1: can happen? They can really happen. It's it's amazing what

928
00:49:46,800 --> 00:49:49,480
Speaker 1: you're can accomplish. It's all INSIDEI you just have to

929
00:49:49,880 --> 00:49:52,000
Speaker 1: you just have to stay focused and do the right thing.

930
00:49:52,160 --> 00:49:55,000
Speaker 1: That's all. That's it. Hey, gin, know what what has

931
00:49:55,040 --> 00:49:58,360
Speaker 1: it been like getting back there on the road and

932
00:49:58,640 --> 00:50:00,799
Speaker 1: doing it at a time and we're in the midst

933
00:50:00,800 --> 00:50:03,040
Speaker 1: of the pandemic. How are you doing it? Well? You know,

934
00:50:03,120 --> 00:50:06,480
Speaker 1: it's been rough because the last two years we've had

935
00:50:06,480 --> 00:50:09,200
Speaker 1: both we've had our tours canceled. We had last year

936
00:50:09,239 --> 00:50:11,480
Speaker 1: we were having a tour summer tour this year was canceled.

937
00:50:11,760 --> 00:50:14,280
Speaker 1: So fortunately we are going to be doing some shows

938
00:50:14,280 --> 00:50:15,840
Speaker 1: at the end of the year on the West Coast,

939
00:50:15,840 --> 00:50:18,680
Speaker 1: which we're all really excited about. And then of course

940
00:50:18,760 --> 00:50:20,920
Speaker 1: next year we're going to be doing shows with Silly

941
00:50:21,000 --> 00:50:24,800
Speaker 1: Idol UH in the UK, UM playing like at Wemley

942
00:50:24,840 --> 00:50:28,399
Speaker 1: and uh Leads Arena, all these fantastic places to play UM,

943
00:50:28,440 --> 00:50:30,360
Speaker 1: and then we're we're going to be doing more shows

944
00:50:30,360 --> 00:50:33,200
Speaker 1: in the States. But on top of that, UM, this

945
00:50:33,280 --> 00:50:37,040
Speaker 1: year it's just been incredible for us because it seems

946
00:50:37,040 --> 00:50:39,359
Speaker 1: like everything is sort of coming to fruition. You know,

947
00:50:39,800 --> 00:50:43,759
Speaker 1: our our documentary really pushed people, i think, to recognize

948
00:50:43,760 --> 00:50:45,360
Speaker 1: the bandon and know the ban in a way that

949
00:50:45,400 --> 00:50:49,120
Speaker 1: they hadn't prior to that. Uh. UM. Also, you know

950
00:50:49,160 --> 00:50:51,120
Speaker 1: our musical but which is out on Broadway a couple

951
00:50:51,160 --> 00:50:53,160
Speaker 1: of years ago, that's coming back. That's a the Pasadena

952
00:50:53,239 --> 00:50:56,160
Speaker 1: Playhouse like in a week, and it's opening in Australia

953
00:50:56,160 --> 00:50:59,359
Speaker 1: again Head over heels. That's really cool. UM. And then

954
00:50:59,360 --> 00:51:01,160
Speaker 1: the induction at the Rock and Roll Hall of Fame,

955
00:51:01,200 --> 00:51:03,200
Speaker 1: and then now I'm doing my book tour and and

956
00:51:03,280 --> 00:51:08,720
Speaker 1: my first photo exhibition and like it's wow, well that's great, guys.

957
00:51:08,880 --> 00:51:10,719
Speaker 1: Well it's just you know, it is interesting and you

958
00:51:10,760 --> 00:51:12,640
Speaker 1: really do think about the impact that you had. I

959
00:51:12,640 --> 00:51:16,480
Speaker 1: mean there's so many female musicians now. And if you

960
00:51:16,520 --> 00:51:18,799
Speaker 1: think about though, when you guys went out and did

961
00:51:18,840 --> 00:51:24,440
Speaker 1: your thing, it wasn't commonplace. No, not so much. Go ahead, please,

962
00:51:24,480 --> 00:51:28,080
Speaker 1: you know I'm one, Like I'm checking Instagram out every day.

963
00:51:28,320 --> 00:51:31,000
Speaker 1: There are so many girls that are playing drums now

964
00:51:31,160 --> 00:51:34,000
Speaker 1: and and shredding on guitar. There are so you know

965
00:51:34,080 --> 00:51:37,399
Speaker 1: now that there's the latest statistic is that there are

966
00:51:37,440 --> 00:51:40,960
Speaker 1: more girls learning instruments than there are guys now. But

967
00:51:41,520 --> 00:51:43,359
Speaker 1: how do you like that one guy? That's incredible? Um,

968
00:51:43,719 --> 00:51:46,359
Speaker 1: it's great. Yeah, it's that's the latest. Um, and it's

969
00:51:46,400 --> 00:51:50,280
Speaker 1: like really great. I'm hoping that we've had an influence

970
00:51:50,280 --> 00:51:52,040
Speaker 1: on them. I feel that we have. I've heard that

971
00:51:52,080 --> 00:51:55,440
Speaker 1: a lot, and it's to me, the best gifts that

972
00:51:55,520 --> 00:51:57,680
Speaker 1: I could ever leave when I closed my eyes on

973
00:51:57,760 --> 00:52:00,360
Speaker 1: this planet is to think that I've inspired someone to

974
00:52:00,440 --> 00:52:03,520
Speaker 1: step out of their comfort zone perhaps and do what

975
00:52:03,719 --> 00:52:08,040
Speaker 1: they love to do. That was legendary drummer Gina Shocked,

976
00:52:08,120 --> 00:52:10,560
Speaker 1: the author of Made in Hollywood All Access with the

977
00:52:10,600 --> 00:52:13,239
Speaker 1: Go Goes. It's a tribute to the trailblazing female rock

978
00:52:13,280 --> 00:52:15,920
Speaker 1: band also now members of the Rock and Roll Hall

979
00:52:15,960 --> 00:52:17,640
Speaker 1: of Fame. Okay, so if you want saying We've got

980
00:52:17,640 --> 00:52:22,879
Speaker 1: the bea connessing vacations. All I ever wanted are sealed. Man,

981
00:52:23,160 --> 00:52:25,560
Speaker 1: I'm not going. You know that would be my last.

982
00:52:25,560 --> 00:52:28,760
Speaker 1: That would be like my last, you know, show Business

983
00:52:28,800 --> 00:52:33,240
Speaker 1: Week more followers. You know this is a radio voice,

984
00:52:33,840 --> 00:52:37,640
Speaker 1: singing voice. So okay, you're listening to Bloomberg Business Week.

985
00:52:37,680 --> 00:52:39,880
Speaker 1: Coming up, we wind down our Christmas weekend special with

986
00:52:39,880 --> 00:52:43,320
Speaker 1: a man of many talents, Award winning actor, best selling author,

987
00:52:43,400 --> 00:52:46,400
Speaker 1: and now make her a fine whiskey at enderstar Samhwan.

988
00:52:46,560 --> 00:52:50,879
Speaker 1: You can say it favorite interview of hands down. I've

989
00:52:50,880 --> 00:52:53,640
Speaker 1: shared it with the world and I got more emails

990
00:52:53,680 --> 00:53:06,480
Speaker 1: after sharing it. That's up next. This is Bloomberg. You're

991
00:53:06,520 --> 00:53:10,440
Speaker 1: listening to Bloomberg Business Week with Carol Messer and Bloomberg

992
00:53:10,520 --> 00:53:15,440
Speaker 1: Quick Takes. Tim Stinovik from Bloomberg Radio. Wanting down on

993
00:53:15,440 --> 00:53:18,200
Speaker 1: this special Christmas weekend edition of Bloomberg Business Week. Some

994
00:53:18,239 --> 00:53:21,520
Speaker 1: of our favorite interviews from have to say, we are

995
00:53:21,600 --> 00:53:23,960
Speaker 1: very lucky. We speak to amazing people. We have a

996
00:53:23,960 --> 00:53:27,200
Speaker 1: lot of favorite interviews. We really appreciate the guests who

997
00:53:27,280 --> 00:53:29,200
Speaker 1: joined us throughout the year. I got to say that

998
00:53:29,440 --> 00:53:33,040
Speaker 1: this next one a lot of fun and full transparency.

999
00:53:33,200 --> 00:53:35,600
Speaker 1: I'm a big fan, you really are. I think that's okay,

1000
00:53:35,640 --> 00:53:38,120
Speaker 1: you know, full full disclosure there. If you follow our

1001
00:53:38,160 --> 00:53:40,480
Speaker 1: next guest on social media, you'll see a lot of versatility.

1002
00:53:40,520 --> 00:53:44,080
Speaker 1: He stars in the popular streaming series Outlander. He's also

1003
00:53:44,200 --> 00:53:46,880
Speaker 1: an author, having recently published a follow up to his

1004
00:53:46,920 --> 00:53:50,360
Speaker 1: New York Times bestseller klan Len's Whiskey Warfare and a

1005
00:53:50,440 --> 00:53:53,160
Speaker 1: Scottish Adventure like no other. You know, it was also

1006
00:53:53,200 --> 00:53:55,480
Speaker 1: great about this, but he was one of the first

1007
00:53:55,480 --> 00:53:57,240
Speaker 1: guests of the year to join us in the studio.

1008
00:53:57,360 --> 00:53:59,880
Speaker 1: He really was, right, Yeah, that's a good point. I

1009
00:54:00,040 --> 00:54:01,800
Speaker 1: forget about that. And it was a big deal to

1010
00:54:01,840 --> 00:54:03,480
Speaker 1: have him here in person. It was, and it felt

1011
00:54:03,480 --> 00:54:05,520
Speaker 1: so good to have him in student And you're right

1012
00:54:05,520 --> 00:54:07,880
Speaker 1: to have somebody back in there with us. His new

1013
00:54:07,960 --> 00:54:11,160
Speaker 1: book is entitled The clan Lands Almanac. He's also got

1014
00:54:11,200 --> 00:54:13,640
Speaker 1: TV and film projects on the horizon. He's got his

1015
00:54:13,640 --> 00:54:16,640
Speaker 1: own line of whiskey, even his own charity. Sam Hugh

1016
00:54:16,760 --> 00:54:19,400
Speaker 1: and joined us as to mention in studio this past

1017
00:54:19,440 --> 00:54:22,040
Speaker 1: fall to talk about how he's managing all of that

1018
00:54:22,120 --> 00:54:25,840
Speaker 1: in the midst of a pandemic business wise. More than anything,

1019
00:54:25,880 --> 00:54:29,680
Speaker 1: it's delayed a lot of imports and exports, especially without whiskey.

1020
00:54:30,120 --> 00:54:32,520
Speaker 1: Did it complicate things? Oh? Absolutely? Yeah. I mean I

1021
00:54:32,600 --> 00:54:34,600
Speaker 1: think you've maybe seen the pictures of you know, the

1022
00:54:34,600 --> 00:54:38,320
Speaker 1: the container ships outside Long Beach. Things are just really slow,

1023
00:54:38,440 --> 00:54:40,439
Speaker 1: you know, globally, it's it's been tough. You know, we've

1024
00:54:40,480 --> 00:54:44,680
Speaker 1: been challenged with the cork for our stoppers and the bottles,

1025
00:54:44,680 --> 00:54:47,080
Speaker 1: you know, trying to get access to that right, yeah, exactly,

1026
00:54:47,239 --> 00:54:49,799
Speaker 1: or just even getting a container to to transport our

1027
00:54:50,560 --> 00:54:53,880
Speaker 1: whiskey across from from the UK. So yeah, it's been challenging.

1028
00:54:54,000 --> 00:54:55,520
Speaker 1: What changes did you have to make as a result

1029
00:54:55,600 --> 00:54:57,520
Speaker 1: of these challenges? Did you have to raise prices, did

1030
00:54:57,520 --> 00:54:59,719
Speaker 1: you have to change material or just be patient? I

1031
00:54:59,719 --> 00:55:02,280
Speaker 1: think it's pretty much. Yeah. You know, people were waiting

1032
00:55:02,280 --> 00:55:04,319
Speaker 1: for our next release. We released last year and then

1033
00:55:04,400 --> 00:55:07,000
Speaker 1: this is our biggest release. Um, we wanted it to

1034
00:55:07,160 --> 00:55:10,279
Speaker 1: be out in time probviously the holiday season, but um,

1035
00:55:10,320 --> 00:55:12,160
Speaker 1: it's finally here. We were actually only delayed a couple

1036
00:55:12,200 --> 00:55:14,440
Speaker 1: of weeks, so we're pretty fortunate. How much fun are

1037
00:55:14,440 --> 00:55:16,200
Speaker 1: you having with this and it's doing and tell us

1038
00:55:16,200 --> 00:55:19,479
Speaker 1: about like taking it around in and introducing it to people. Yeah,

1039
00:55:19,640 --> 00:55:23,880
Speaker 1: so I'm really proud. Obviously self financed, self realized. You know,

1040
00:55:23,920 --> 00:55:29,080
Speaker 1: we designed everything, you know, every every aspect of the finance.

1041
00:55:29,200 --> 00:55:32,560
Speaker 1: You've strapped it all. Yeah, yeah, so we haven't any investors.

1042
00:55:32,600 --> 00:55:35,600
Speaker 1: We've we've done it all ourselves. And um, as I said, yes,

1043
00:55:35,719 --> 00:55:39,080
Speaker 1: our second round, we've we've won about seven double gold

1044
00:55:39,280 --> 00:55:42,759
Speaker 1: medals from various awards. I'm just really proud of it.

1045
00:55:42,760 --> 00:55:45,400
Speaker 1: It's my it's my baby. Can you talk about why

1046
00:55:45,440 --> 00:55:47,960
Speaker 1: you bootstrapped it and chose not to bring on outside investors.

1047
00:55:48,000 --> 00:55:50,759
Speaker 1: Did you not want to dilute the equity? I think so,

1048
00:55:50,840 --> 00:55:53,880
Speaker 1: you know, I mean, firstly, it is a small, limited

1049
00:55:53,880 --> 00:55:57,040
Speaker 1: batch release. You know, it's it's hard to get our

1050
00:55:57,040 --> 00:55:59,399
Speaker 1: hands on enough of the products, so we didn't need

1051
00:56:00,000 --> 00:56:02,640
Speaker 1: and at the first But then also, um, you know,

1052
00:56:02,760 --> 00:56:05,400
Speaker 1: just to retain, to retain the rights, to retain the

1053
00:56:06,200 --> 00:56:09,000
Speaker 1: majority share or control of it. And as I said,

1054
00:56:09,160 --> 00:56:12,120
Speaker 1: it is a passion project, so I really didn't want

1055
00:56:12,120 --> 00:56:14,279
Speaker 1: to give anything away. There may be a time when

1056
00:56:14,320 --> 00:56:16,960
Speaker 1: we do look at find people lucking at the door.

1057
00:56:17,400 --> 00:56:20,799
Speaker 1: We we yes, we have, We've definitely have conversations and uh,

1058
00:56:21,280 --> 00:56:23,080
Speaker 1: you know, there will be a point where we want

1059
00:56:23,080 --> 00:56:25,399
Speaker 1: to really upscale and and and increase. And I think

1060
00:56:25,440 --> 00:56:27,600
Speaker 1: at that point investment would really help us because it's

1061
00:56:27,640 --> 00:56:31,000
Speaker 1: interesting in the marketplace. Uh, you know, it's a crowded marketplace.

1062
00:56:31,080 --> 00:56:34,080
Speaker 1: But when you can create a brand um that somehow

1063
00:56:34,160 --> 00:56:36,319
Speaker 1: has some interesting distinction to it, and I think this

1064
00:56:36,320 --> 00:56:38,920
Speaker 1: one is safe to say it does also taste good. Um,

1065
00:56:39,000 --> 00:56:41,240
Speaker 1: you can really move ahead. What's the been the response

1066
00:56:41,239 --> 00:56:43,160
Speaker 1: that you're hearing? And as you because you're meeting with

1067
00:56:43,160 --> 00:56:45,399
Speaker 1: people in New York and elsewhere. Yeah, well, so we

1068
00:56:45,400 --> 00:56:48,880
Speaker 1: were now available in I mean, I think about forty states.

1069
00:56:48,880 --> 00:56:51,080
Speaker 1: We're working on the rest of them, and we're working

1070
00:56:51,080 --> 00:56:55,360
Speaker 1: on Canada as well and Europe. Um, it's it's a

1071
00:56:55,400 --> 00:56:58,840
Speaker 1: whisky that I wanted people to be accessible. Um. You

1072
00:56:58,880 --> 00:57:01,239
Speaker 1: know a lot of people don't haven't tried whiskey, or

1073
00:57:01,239 --> 00:57:03,240
Speaker 1: don't know much about Scotch whiskey. This is a blend.

1074
00:57:03,640 --> 00:57:06,000
Speaker 1: There wasn't really a premium blend out there that I

1075
00:57:06,080 --> 00:57:08,799
Speaker 1: felt was comparable to like the Asian blends out there,

1076
00:57:08,840 --> 00:57:11,640
Speaker 1: which are really phenomenal. Um, So we wanted to create

1077
00:57:11,640 --> 00:57:14,160
Speaker 1: something like that modern but also you know, with a

1078
00:57:14,200 --> 00:57:17,360
Speaker 1: nod to our heritage. So we've got some great moret

1079
00:57:17,400 --> 00:57:20,640
Speaker 1: whisky in here. Um and yeah, I think people's reaction

1080
00:57:20,680 --> 00:57:23,080
Speaker 1: has been really really positive. We did want to talk

1081
00:57:23,120 --> 00:57:24,400
Speaker 1: to you a little bit about what's it like on

1082
00:57:24,440 --> 00:57:26,520
Speaker 1: the set because it looks like you guys have just

1083
00:57:26,560 --> 00:57:29,120
Speaker 1: an incredible group of people. It is. Yeah, we've been

1084
00:57:29,200 --> 00:57:32,640
Speaker 1: obviously on the show now almost I think about eight years,

1085
00:57:32,720 --> 00:57:35,640
Speaker 1: where in our sixth season is about to come out, um,

1086
00:57:35,680 --> 00:57:38,400
Speaker 1: and it really it's where this sort of real core

1087
00:57:38,680 --> 00:57:41,920
Speaker 1: ensemble of actors and um, it's it's been good. I

1088
00:57:41,920 --> 00:57:43,880
Speaker 1: mean this was the hardest year definitely, you know, with

1089
00:57:43,880 --> 00:57:46,960
Speaker 1: with obviously COVID situation, but also we were shooting in winter.

1090
00:57:47,720 --> 00:57:50,000
Speaker 1: Um it was tough. I mean it was it was

1091
00:57:50,040 --> 00:57:54,400
Speaker 1: really difficult. But um, a really strong season and I

1092
00:57:54,440 --> 00:57:56,640
Speaker 1: think that's what brings you, gets you through something like that.

1093
00:57:56,680 --> 00:57:58,600
Speaker 1: You know, your your sort of friendship and your bonds

1094
00:57:58,640 --> 00:58:00,160
Speaker 1: and with the crew as well. You know, it's like

1095
00:58:00,200 --> 00:58:02,480
Speaker 1: one big family. What are the COVID protocols? And how

1096
00:58:02,520 --> 00:58:04,800
Speaker 1: is it different this season than it was in previous

1097
00:58:04,800 --> 00:58:07,360
Speaker 1: seasons before we were talking about COVID each and every day. Yeah,

1098
00:58:07,480 --> 00:58:10,160
Speaker 1: you know we so I worked on a movie as

1099
00:58:10,200 --> 00:58:14,160
Speaker 1: well during COVID, UM movie called Text for You. Um.

1100
00:58:14,200 --> 00:58:16,760
Speaker 1: Also men and Kilts shows. We're one of the first

1101
00:58:16,800 --> 00:58:20,160
Speaker 1: shows to shoot in the UK with the COVID protocols.

1102
00:58:20,440 --> 00:58:23,160
Speaker 1: Um for outlined it was difficult, different and difficult because

1103
00:58:23,160 --> 00:58:24,880
Speaker 1: it's such a big show. You know, we have so

1104
00:58:24,880 --> 00:58:27,919
Speaker 1: many extras were out out in Scotland, so it did

1105
00:58:27,960 --> 00:58:31,600
Speaker 1: delay us by a number of months. But um, the protocols,

1106
00:58:31,640 --> 00:58:33,600
Speaker 1: you know, everyone was tested every day. We actually had

1107
00:58:33,640 --> 00:58:38,520
Speaker 1: a testing center in the production offices which was amazing.

1108
00:58:38,920 --> 00:58:41,240
Speaker 1: They could do a rapid test, so you get tested

1109
00:58:41,240 --> 00:58:44,160
Speaker 1: every morning. We had bubbles. Um, you did have bubbles, right,

1110
00:58:44,200 --> 00:58:45,680
Speaker 1: this is what we heard from when we were talking.

1111
00:58:46,320 --> 00:58:49,680
Speaker 1: Stuff came back so basically different. Uh, depending on sort

1112
00:58:49,680 --> 00:58:52,240
Speaker 1: of your your level of what your function is in

1113
00:58:52,640 --> 00:58:56,040
Speaker 1: on set, you would then be in allocated a certain bubble.

1114
00:58:56,400 --> 00:58:58,120
Speaker 1: What I really want to know when you drink whiskey

1115
00:58:58,120 --> 00:59:01,480
Speaker 1: on the set, are you drinking real whiskeys? Um? Absolutely,

1116
00:59:01,520 --> 00:59:05,800
Speaker 1: of course all the time. Wait a minute, you and

1117
00:59:05,800 --> 00:59:08,280
Speaker 1: I were talking, we were talking around the table here,

1118
00:59:08,680 --> 00:59:12,760
Speaker 1: um about your brand, ASSASSINAC. So is there more to come?

1119
00:59:13,200 --> 00:59:16,360
Speaker 1: You expand this? Yeah, you put me on the spot. Yeah,

1120
00:59:16,400 --> 00:59:20,040
Speaker 1: well you know, well absolutely, you know our tagline is

1121
00:59:20,120 --> 00:59:23,240
Speaker 1: Unique Spirits. Uh, so we are looking you know, around

1122
00:59:23,240 --> 00:59:27,120
Speaker 1: the world for you know, unique opportunities and um, really

1123
00:59:27,160 --> 00:59:30,640
Speaker 1: just shining the spotlight on you know, great producers and

1124
00:59:30,680 --> 00:59:33,120
Speaker 1: collaborating with other people. So um. But you know, obviously

1125
00:59:33,120 --> 00:59:35,360
Speaker 1: the whiskey is are is our main party. It's our

1126
00:59:35,600 --> 00:59:37,960
Speaker 1: first spirit and we really want to establish that and

1127
00:59:37,960 --> 00:59:40,840
Speaker 1: then let that grow as well. One last one on

1128
00:59:40,880 --> 00:59:46,080
Speaker 1: the on the spirit in the spirits the industry right now. Oh,

1129
00:59:46,080 --> 00:59:47,960
Speaker 1: I mean there's just you know, I mean the explosion

1130
00:59:48,000 --> 00:59:50,880
Speaker 1: of tequila obviously is really interesting. I've spent a lot

1131
00:59:50,880 --> 00:59:54,040
Speaker 1: of time over in in actually in Tequila Town, which

1132
00:59:54,080 --> 00:59:56,720
Speaker 1: is a really fun place. Um. But you know, even

1133
00:59:56,720 --> 00:59:58,800
Speaker 1: look in the UK, I mean, Gin is really big.

1134
00:59:58,840 --> 01:00:02,720
Speaker 1: It's it's kind of almost overpopulated now. Um. But yeah,

1135
01:00:02,800 --> 01:00:05,600
Speaker 1: I'm really interested in just like these small producers. I mean,

1136
01:00:05,640 --> 01:00:09,000
Speaker 1: Mescal is just fascinating, you know, and it's hard to

1137
01:00:09,080 --> 01:00:11,320
Speaker 1: for them to upscale. So um, I'd love to go

1138
01:00:11,400 --> 01:00:14,800
Speaker 1: to well Hacker and spend a bit of time there. Um.

1139
01:00:14,800 --> 01:00:16,480
Speaker 1: How long do you think you might hold onto the

1140
01:00:16,520 --> 01:00:20,000
Speaker 1: brand before maybe something you know, we talked about people

1141
01:00:20,040 --> 01:00:22,640
Speaker 1: being interested and we know, um, certainly some of the

1142
01:00:22,680 --> 01:00:26,880
Speaker 1: bigger brands are always looking for um new players new entries.

1143
01:00:27,240 --> 01:00:29,400
Speaker 1: Do you think that the the end game is that

1144
01:00:29,480 --> 01:00:34,520
Speaker 1: ultimately becomes part of somebody's portfolio. Um? I, to be honest,

1145
01:00:34,560 --> 01:00:37,200
Speaker 1: I don't know. It's something it's obviously very close to

1146
01:00:37,240 --> 01:00:39,560
Speaker 1: my heart. It's quite poured so much to myself into this,

1147
01:00:39,640 --> 01:00:42,120
Speaker 1: so I want to retain it. Um. But who knows

1148
01:00:42,160 --> 01:00:44,200
Speaker 1: in the future where that could go. So let's talk

1149
01:00:44,200 --> 01:00:46,440
Speaker 1: about some of the other projects that you're working on. UM.

1150
01:00:46,480 --> 01:00:49,280
Speaker 1: What is it like to either have a director reach

1151
01:00:49,280 --> 01:00:51,360
Speaker 1: out to your producer? Is it virtual still or is

1152
01:00:51,360 --> 01:00:54,560
Speaker 1: things getting back to normal? Yeah? It is, Uh, it

1153
01:00:54,680 --> 01:00:58,560
Speaker 1: is still kind of virtual. UM. I just shot a

1154
01:00:58,680 --> 01:01:01,560
Speaker 1: TV show in the UK called Suspect and that was

1155
01:01:01,600 --> 01:01:04,240
Speaker 1: all predominantly you know, the retool was done by our

1156
01:01:04,360 --> 01:01:07,000
Speaker 1: you know via zoom calls. UM, which is it is

1157
01:01:07,080 --> 01:01:09,600
Speaker 1: quite challenging, but it's great. You know, we're getting we're

1158
01:01:09,640 --> 01:01:12,960
Speaker 1: getting back on the feet that the movie TV industry

1159
01:01:12,960 --> 01:01:15,080
Speaker 1: is really really flourishing at the moment, is really busy.

1160
01:01:15,240 --> 01:01:17,919
Speaker 1: It is really busy. We're seeing certainly in and around

1161
01:01:17,920 --> 01:01:19,280
Speaker 1: New York too. I mean, is it the best time

1162
01:01:19,320 --> 01:01:21,080
Speaker 1: to be a creative right now? You not only have

1163
01:01:21,400 --> 01:01:24,600
Speaker 1: streaming services just duking it out for content for talent,

1164
01:01:25,000 --> 01:01:28,120
Speaker 1: but you also have established companies looking to get into

1165
01:01:28,200 --> 01:01:30,160
Speaker 1: streaming by creating more content. I mean, we are so

1166
01:01:30,240 --> 01:01:33,240
Speaker 1: hungry for content. Yeah, we are, and I think myself,

1167
01:01:33,280 --> 01:01:35,680
Speaker 1: I'm already pitching something at the moment, and it has

1168
01:01:35,720 --> 01:01:38,600
Speaker 1: been mostly to streamers because that's that's where who have

1169
01:01:38,680 --> 01:01:40,440
Speaker 1: the money and who are making things. But I mean

1170
01:01:41,120 --> 01:01:44,040
Speaker 1: it's also good to see that movie industry and people

1171
01:01:44,160 --> 01:01:46,040
Speaker 1: going back to the movies, you know, and c Bond

1172
01:01:46,400 --> 01:01:49,480
Speaker 1: recently it was fantastic and I mean, like in the theater,

1173
01:01:50,320 --> 01:01:52,800
Speaker 1: just that shared experience, which I think is something which

1174
01:01:52,800 --> 01:01:55,440
Speaker 1: we all miss as well. And I think hopefully, you know,

1175
01:01:55,480 --> 01:01:57,760
Speaker 1: also it will also have a life and we'll get

1176
01:01:57,760 --> 01:02:00,880
Speaker 1: people back back into the movie theaters. So, um, Atlander,

1177
01:02:00,880 --> 01:02:03,160
Speaker 1: what can we expect in the season. Yeah, it's back,

1178
01:02:03,520 --> 01:02:06,520
Speaker 1: um early. Next to the long dry spell it has,

1179
01:02:06,640 --> 01:02:10,080
Speaker 1: it has, it's a it's a different season. It's only

1180
01:02:10,120 --> 01:02:13,160
Speaker 1: eight episodes, however, the episodes are longer. The first episode

1181
01:02:13,160 --> 01:02:15,440
Speaker 1: of things an hour and a half. Um, it's a

1182
01:02:15,880 --> 01:02:18,320
Speaker 1: dare I say, it's Autlanta. So it's quite a dark season.

1183
01:02:18,400 --> 01:02:22,040
Speaker 1: There's a lot going on. Um, But I'm really I'm

1184
01:02:22,080 --> 01:02:25,280
Speaker 1: really excited the first episode especially, it's it's pretty strong.

1185
01:02:25,320 --> 01:02:26,760
Speaker 1: It's one of the interesting things I think that you

1186
01:02:26,840 --> 01:02:29,000
Speaker 1: guys did, and we've had a lot of conversations about

1187
01:02:29,040 --> 01:02:33,120
Speaker 1: how you all come together really portray reality, like you

1188
01:02:33,200 --> 01:02:35,000
Speaker 1: don't hide some of the difficult things that go on,

1189
01:02:35,040 --> 01:02:37,760
Speaker 1: whether it's in a relationship or just certainly the history

1190
01:02:37,800 --> 01:02:40,360
Speaker 1: that was out there. And and that's pretty impressive in

1191
01:02:40,480 --> 01:02:44,400
Speaker 1: terms of showing it and not kind of sugarcoating things. Yeah,

1192
01:02:44,440 --> 01:02:46,720
Speaker 1: I think it comes down to Diana Gabeldon's books. You know,

1193
01:02:46,800 --> 01:02:49,280
Speaker 1: I think they're you know, they can be pretty gritty

1194
01:02:49,280 --> 01:02:52,240
Speaker 1: in places. Um, so that's part of it. But I

1195
01:02:52,240 --> 01:02:54,280
Speaker 1: think also the show has tried not to shy away

1196
01:02:54,360 --> 01:02:57,160
Speaker 1: from certain subjects and it can put us in a

1197
01:02:57,160 --> 01:02:59,520
Speaker 1: sticky situation. But I think we're you know, we really

1198
01:02:59,560 --> 01:03:02,520
Speaker 1: do go into, you know, trying to portray whether it's

1199
01:03:02,640 --> 01:03:06,320
Speaker 1: a victim of trauma or culture for insince the Native Americans,

1200
01:03:06,360 --> 01:03:09,480
Speaker 1: which we haven't play a large part in in our season.

1201
01:03:09,480 --> 01:03:11,480
Speaker 1: This season plays into so much kind of the world

1202
01:03:11,480 --> 01:03:13,320
Speaker 1: at large. If you think about the last couple of years,

1203
01:03:13,400 --> 01:03:15,600
Speaker 1: whether it's the pandemic or whether it's George Floyd like

1204
01:03:15,760 --> 01:03:18,280
Speaker 1: things that have been in our society for such a

1205
01:03:18,320 --> 01:03:21,040
Speaker 1: long time, but you guys really kind of deal with

1206
01:03:21,040 --> 01:03:22,960
Speaker 1: that in big way. Yeah, but it was also showing

1207
01:03:23,000 --> 01:03:25,919
Speaker 1: America in its infancy, which is really interesting. I didn't

1208
01:03:25,960 --> 01:03:27,760
Speaker 1: know a lot of this, you know, how this will happened,

1209
01:03:27,800 --> 01:03:32,440
Speaker 1: and the British influence and um, it's it's fascinating. So

1210
01:03:32,640 --> 01:03:35,240
Speaker 1: it's just interesting that we're shooting, you know, for in

1211
01:03:35,280 --> 01:03:38,360
Speaker 1: Scotland for America. That's award winning actor in New York

1212
01:03:38,360 --> 01:03:42,520
Speaker 1: Times bestselling author, entrepreneur and philanthropists Sam Ewen. He was

1213
01:03:42,560 --> 01:03:45,200
Speaker 1: in our Interactive Broker studio back in October and that

1214
01:03:45,280 --> 01:03:48,120
Speaker 1: reps up our special Christmas weekend edition to Bloomberg Business

1215
01:03:48,120 --> 01:03:50,280
Speaker 1: Week from Bloomberg Radio. Thanks so much for spending the

1216
01:03:50,320 --> 01:03:52,960
Speaker 1: holiday with us. I'm Carol Masser and I'm Tim Stanovk.

1217
01:03:53,120 --> 01:03:55,880
Speaker 1: Be sure to tune into Bloomberg Business Week Monday through Friday,

1218
01:03:55,920 --> 01:03:58,480
Speaker 1: starting at two pm Wall Street Time on Bloomberg Radio.

1219
01:03:58,560 --> 01:04:00,880
Speaker 1: You can also watch our daily broadcast sun YouTube. Just

1220
01:04:00,920 --> 01:04:03,960
Speaker 1: search Bloomberg Global News and check out our Bloomberg Business

1221
01:04:04,000 --> 01:04:06,400
Speaker 1: Week podcast. You can find it at Bloomberg dot com,

1222
01:04:06,440 --> 01:04:09,520
Speaker 1: Apple or wherever you get your podcasts. Bloomberg Business Week

1223
01:04:09,560 --> 01:04:12,280
Speaker 1: is available on newsstands now at Bloomberg dot com, always

1224
01:04:12,400 --> 01:04:14,480
Speaker 1: on the Bloomberg terminal. You can also see me on

1225
01:04:14,520 --> 01:04:17,880
Speaker 1: Bloomberg Quicktake. It's available on Bloomberg dot com, slash qt,

1226
01:04:18,040 --> 01:04:21,959
Speaker 1: and streaming platforms like Roku, Apple TV, Samsung TV and more.

1227
01:04:22,200 --> 01:04:25,560
Speaker 1: Have a great weekend and Merry Christmas. Yeah, Merry Christmas everyone,

1228
01:04:25,600 --> 01:04:29,280
Speaker 1: Thanks so much, always always for listening. This is Bloomberg