WEBVTT - Cliff Notes: Big Money Real Estate, TikTok's Future, & ChatGPT

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>Do you think the sixty forty let's say stock real

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<v Speaker 3>estate portfolio is going to be the new sixty forty

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<v Speaker 3>stock versus bond because the bomb market has blown up

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<v Speaker 3>the last two years and I mean, I'm shocked. Can

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<v Speaker 3>you tell me why. I know a lot of international

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<v Speaker 3>companies pour their money out of our bonds, but I

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<v Speaker 3>never thought obviously the bomb market's flaps this fast. Do

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<v Speaker 3>you think that sixty forty real estate and stocks will

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<v Speaker 3>be the new replacement for the next twenty to thirty years.

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<v Speaker 4>You know, real estate's one of those finite resources as well,

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<v Speaker 4>so it's as much as everybody would love to own.

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<v Speaker 4>So it's very hard to own real estate and desirable

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<v Speaker 4>places where you believe the value is going to go up.

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<v Speaker 4>Now true, I'm obsessed with these like government landwatch, foreclosure

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<v Speaker 4>auction things that come across the internet all the time.

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<v Speaker 4>I get a newsletter that and it's trying to sell

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<v Speaker 4>me property in places that it's just not viable. So

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<v Speaker 4>you could be, like, buy a bunch of houses in Arizona.

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<v Speaker 4>I don't want to pick on Arizona. I'm from New Mexico.

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<v Speaker 4>But there might not be any water there in twenty years,

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<v Speaker 4>so that's not such a great idea, right or buy

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<v Speaker 4>You know, you see these houses for sale and Queen's

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<v Speaker 4>by the Bay, they may not be there in twenty years.

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<v Speaker 4>I'm sorry, we've already had sandy. We've seen what happens

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<v Speaker 4>when the water rises Miami. Right, everybody wants to live

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<v Speaker 4>in Florida until you live in Florida, right, But Miami

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<v Speaker 4>is having problem. So it depends on where you're buying

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<v Speaker 4>what you're buying. Now, if you follow the smartest money

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<v Speaker 4>in the world in real estate, it's Blackstone right. See

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<v Speaker 4>Schwartzman donated the public library, multi billionaire. What is he

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<v Speaker 4>buying warehouses? Where's he buying them everywhere he can? Why?

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<v Speaker 4>What do we use warehouses for data storage? And Amazon storage?

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<v Speaker 4>When you drive on the highway? What do you see

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<v Speaker 4>Amazon trucks when we're doing this? What's going on data storage? Right?

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<v Speaker 4>So smart real estate is buying things that they can use,

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<v Speaker 4>not just buying houses in college towns, which isn't a

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<v Speaker 4>bad thing to do either. But you got to think

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<v Speaker 4>about where you're buying and what you're buying.

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<v Speaker 2>JIP, I wonder from an investment standpoint and from a

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<v Speaker 2>professional standpoint, the landscape for what you do. Your thoughts

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<v Speaker 2>on open AI and chat GBT as far as finding

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<v Speaker 2>companies that are leading the advancement in it and you know,

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<v Speaker 2>putting money behind it. Because I mean, it's not going anyway,

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<v Speaker 2>and it definitely would be part of the future. So

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<v Speaker 2>what are your thoughts around it.

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<v Speaker 4>Yeah, it's one of those things that chet GPT in

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<v Speaker 4>general's kind of scares me. It's either going to be

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<v Speaker 4>the worst thing that ever happened to Investipedia or the

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<v Speaker 4>best thing that ever happened to Investipedia. And I'm gonna

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<v Speaker 4>believe that it's going to be the best thing. Why

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<v Speaker 4>because even though it's really smart and it could tell

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<v Speaker 4>you what is pe ratio or what is compounding or

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<v Speaker 4>how to invest ten thousand bucks, there's nothing like the

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<v Speaker 4>personal touch rashad. You're in a you're a former advis

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<v Speaker 4>you're an advisor, you know what that's like. The relationship

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<v Speaker 4>is everything, and there's a way to speak to people

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<v Speaker 4>that it will never be able to do, and there's

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<v Speaker 4>brand authenticity. We've been around twenty three years, hopefully we

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<v Speaker 4>will be around another twenty three years. So it scares me.

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<v Speaker 4>That said, it's also one of those things that I

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<v Speaker 4>know it's important. I know it's gonna help a lot

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<v Speaker 4>of industries, healthcare, education, finance. I think it's gonna be

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<v Speaker 4>very useful in all those industries. But you guys know

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<v Speaker 4>this well, and every era and every few months there

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<v Speaker 4>is a new thing. And if you change your company

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<v Speaker 4>name like Block to Square or Square to Block, or

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<v Speaker 4>it used to be cannabis, or it used to be crypto.

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<v Speaker 4>If you play AI in your name right now, your

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<v Speaker 4>stock's going up ten twenty percent. There's a hype around

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<v Speaker 4>it as well. We haven't exactly seen the practical applications

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<v Speaker 4>that will be widespread and change markets forever, but they're coming.

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<v Speaker 4>I just read something by Bill Gates of all people,

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<v Speaker 4>on his medium jog about why he thinks it's so important,

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<v Speaker 4>most important, A ton of things I didn't.

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<v Speaker 5>Know, so we asked some other stuff that he was

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<v Speaker 5>going to talk about. But Ian, I think, let's let's

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<v Speaker 5>talk about those. Let's let's let's talk about the same topics,

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<v Speaker 5>but let's have if you want to stay on? Can

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<v Speaker 5>you want to stay on?

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<v Speaker 4>I'd love to If you're having sorry for yes, dominating them?

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<v Speaker 5>No, no, no, no, I love it. So now we'll just

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<v Speaker 5>go back to the regular format and then we'll just

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<v Speaker 5>have everybody chiming, including yourself. So TikTok's current CEO was

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<v Speaker 5>grilled by Congress last week based on his commentary is

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<v Speaker 5>it time for America to be in TikTok or did

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<v Speaker 5>he make a case that the app is safe? So

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<v Speaker 5>TikTok is on the fire, has been on the fire

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<v Speaker 5>for a long time. What is the current, what's your

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<v Speaker 5>what's your guys thoughts on what happened and the future

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<v Speaker 5>of TikTok.

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<v Speaker 3>I don't think that the CEO did an amazing job

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<v Speaker 3>of giving the lawmakers feeling of safety. I don't think

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<v Speaker 3>he came off as a threat. But when the grilling

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<v Speaker 3>was over and still I don't I don't think anyone

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<v Speaker 3>came to a conclusion of Okay, we can trust him,

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<v Speaker 3>we can trust this company. Here are the things they're

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<v Speaker 3>going to do to mitigate any espionage fear that we

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<v Speaker 3>may have, like a red down.

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<v Speaker 5>Kind of event.

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<v Speaker 3>I think a little bit of the things they are

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<v Speaker 3>worried about are being done by American companies at scale.

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<v Speaker 3>I think that a big tech company maybe pushing lobbyists

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<v Speaker 3>too to push some of these narratives, how do you

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<v Speaker 3>guys like to be doing? Like But even though they've

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<v Speaker 3>been demonized, he didn't do a good enough job to

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<v Speaker 3>make even American parents be like, Hey, I'm gonna protect

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<v Speaker 3>your children but here's the funny part. After that, I

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<v Speaker 3>saw more kids be excited about TikTok and say I'm

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<v Speaker 3>not going to use Instagram as much as result or

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<v Speaker 3>it's not going to use the Instagram more.

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<v Speaker 4>So.

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<v Speaker 3>I think this was really Estellemach. I don't think they'll

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<v Speaker 3>go eventually ban it, even though that's a great talking point.

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<v Speaker 3>But he didn't do a great enough job to convince us.

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<v Speaker 2>That he was not a threat to our democracy. This

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<v Speaker 2>Agree with you. I don't think he made a case

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<v Speaker 2>that the app is safe, right, So what's the issue.

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<v Speaker 2>The issue is saying that TikTok can threat in national

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<v Speaker 2>security and user privacy and can promote pro Beijing propaganda

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<v Speaker 2>and misinformation. That's the case, right. His defense was No,

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<v Speaker 2>he says that the company which they're saying that they

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<v Speaker 2>have other storage and other data is actually going to

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<v Speaker 2>be stored in a US user database that is maintained

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<v Speaker 2>by the giant software company name Oracle American Base.

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<v Speaker 4>Right.

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<v Speaker 2>The other part which is interesting, uh, is that during

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<v Speaker 2>this five hour grilling, he brought up some some pretty uh,

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<v Speaker 2>pretty big investors that are part of the TikTok investment

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<v Speaker 2>group that you may have heard us black Rock and

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<v Speaker 2>Sacoia Capital. And so it's like, when when your backs

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<v Speaker 2>against the wall and the American government is coming after you,

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<v Speaker 2>let's remind him who's invested in this company. And so

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<v Speaker 2>they reached out to black Rock and obviously Seqoia Capital

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<v Speaker 2>and K and KKR. Nobody had a comment. So do

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<v Speaker 2>I think he made a case to show that I

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<v Speaker 2>was safe. No, But he also put out a reminder, Hey,

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<v Speaker 2>these American companies are also part of this. The other

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<v Speaker 2>part with that I found this is like the number

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<v Speaker 2>one deleted app. You know what the number one deleted

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<v Speaker 2>app is right now, I'd face Instagram Instagram.

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<v Speaker 5>Yeah.

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<v Speaker 2>Interestingly enough, most people may ask what is the app

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<v Speaker 2>that they want to delete? It's it's Instagram, And so

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<v Speaker 2>it goes it goes into that that level of defiance.

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<v Speaker 2>What we can't do, we want to do more, And

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<v Speaker 2>so it makes sense why kids would want to be

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<v Speaker 2>on something that they're saying that their parents or the

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<v Speaker 2>older folk are saying you shouldn't use, you shouldn't use. No,

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<v Speaker 2>this this is ours. It treated like it was the

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<v Speaker 2>same way when Facebook came out, was like, oh, this

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<v Speaker 2>is for us. Your parents aren't allowed to be here.

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<v Speaker 2>So it's interesting. Do I think he made his case?

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<v Speaker 5>No?

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<v Speaker 2>Do I think it will be banned. I'm gonna monitor

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<v Speaker 2>it closely. It's it's it's interesting. It's especially the government

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<v Speaker 2>when we were talking about by partnership there there's some

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<v Speaker 2>things that they're never going to agree on. But it

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<v Speaker 2>felt for that five hours that this is a topic

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<v Speaker 2>that everybody's on the same page with.

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<v Speaker 4>Yeah, I think you might be right, And I think

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<v Speaker 4>what we also learned is how little lawmakers understand modern technology. Yes,

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<v Speaker 4>that part that was crazy, but that said, remember, uh,

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<v Speaker 4>you know I'm dating myself, but Napster, right, that was

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<v Speaker 4>against the industry, and the industry railed against Napster, but

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<v Speaker 4>Napster found its way, you know, into the people that

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<v Speaker 4>really wanted it, and then it's spot off all these

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<v Speaker 4>other things that became the way we stream music ultimately.

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<v Speaker 3>Apple Music and Spotify.

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<v Speaker 4>Yeah, exactly. So it's one of those things that may

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<v Speaker 4>go wonder but it's going to come back as something

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<v Speaker 4>else because people that like it and people that use it,

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<v Speaker 4>and creators and tech enthusiasts and really smart people know

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<v Speaker 4>their way around this. So even it gets banned, people

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<v Speaker 4>are going to use it right, and then it's going

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<v Speaker 4>to come up as something else and it's going to

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<v Speaker 4>be probably even more dangerous. But he didn't convince anybody,

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<v Speaker 4>and not that anybody would ever believe even if he

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<v Speaker 4>said to our faces, no, your dad has one hundred

0:11:38.559 --> 0:11:40.440
<v Speaker 4>percent safe. We're not doing anything with it. Of course

0:11:40.480 --> 0:11:40.760
<v Speaker 4>they are.

0:11:41.520 --> 0:11:46.280
<v Speaker 5>Yeah, yeah, I think TikTok is, don't. I don't believe

0:11:46.320 --> 0:11:46.880
<v Speaker 5>in TikTok.

0:11:48.240 --> 0:11:49.520
<v Speaker 3>I don't believe though.

0:11:50.240 --> 0:11:52.600
<v Speaker 5>I don't believe it's as strong as as is made

0:11:52.600 --> 0:11:55.720
<v Speaker 5>out to be, as the eye test is not. I

0:11:55.720 --> 0:11:59.760
<v Speaker 5>have a very good post on pop culture current events.

0:12:00.360 --> 0:12:04.679
<v Speaker 5>And I'm not convinced with TikTok. But social media at

0:12:04.840 --> 0:12:08.280
<v Speaker 5>I think social media as a whole is kind of

0:12:08.280 --> 0:12:11.040
<v Speaker 5>falling apart. You can block, you can buy blue checks

0:12:11.080 --> 0:12:13.880
<v Speaker 5>on Instagram. Now you can buy blue checks.

0:12:13.800 --> 0:12:15.959
<v Speaker 3>Which is smart for the business.

0:12:16.600 --> 0:12:21.400
<v Speaker 5>It's bad for the It's bad for the brand. Exclusivity

0:12:21.480 --> 0:12:24.120
<v Speaker 5>is always is always a major part of any marketing

0:12:24.240 --> 0:12:26.840
<v Speaker 5>campaign in any type of you know, you want to

0:12:26.880 --> 0:12:29.600
<v Speaker 5>be in the club that nobody else is in. It's

0:12:29.640 --> 0:12:33.520
<v Speaker 5>bad for the brand. I think you can't reach your

0:12:33.520 --> 0:12:36.800
<v Speaker 5>full audience. That's always been an issue. The algorithm, it's

0:12:36.840 --> 0:12:39.400
<v Speaker 5>so much nonsense. It'll be interesting to see what the

0:12:39.440 --> 0:12:43.560
<v Speaker 5>next iteration of social communication will be. Maybe it's something

0:12:43.600 --> 0:12:46.000
<v Speaker 5>with you at GBT, maybe it's something with AI. I

0:12:46.040 --> 0:12:49.200
<v Speaker 5>think that that it definitely will be in that and

0:12:49.240 --> 0:12:51.400
<v Speaker 5>I think it's actually smart that Meta at least is

0:12:51.480 --> 0:12:54.120
<v Speaker 5>trying to try to be the Fourfront. I don't know

0:12:54.120 --> 0:12:56.280
<v Speaker 5>if they will capture that audience or not, but I

0:12:56.280 --> 0:12:59.319
<v Speaker 5>think social media it doesn't have too many days left.

0:13:00.040 --> 0:13:01.920
<v Speaker 5>When I say days, I mean like years, Like you know,

0:13:01.920 --> 0:13:04.120
<v Speaker 5>they still they're not going to fall apart tomorrow. But

0:13:04.200 --> 0:13:07.640
<v Speaker 5>I think it's on its downward. Yeah, there's too much

0:13:07.679 --> 0:13:09.520
<v Speaker 5>nonsense happening on social media period.

0:13:09.559 --> 0:13:12.960
<v Speaker 4>I got teenagers and for them it's Snap all day long.

0:13:13.400 --> 0:13:17.559
<v Speaker 5>Yeah, kids is communicating on snap snap. My son doesn't

0:13:17.559 --> 0:13:20.240
<v Speaker 5>even send regular text messages a Snap group chat. So

0:13:20.400 --> 0:13:23.280
<v Speaker 5>Snapchat is still very viable. As far as the communication,

0:13:23.640 --> 0:13:27.000
<v Speaker 5>it's scattered. It's all scattered. They're using Snapchat to communicate,

0:13:27.360 --> 0:13:32.760
<v Speaker 5>They're using TikTok to find restaurants and recommendations and dances.

0:13:33.080 --> 0:13:35.880
<v Speaker 5>And then people are on Instagram for their news and

0:13:36.280 --> 0:13:39.600
<v Speaker 5>celebrity gossip. They're on Twitter. So they're just using different

0:13:39.600 --> 0:13:43.559
<v Speaker 5>platforms for a variety of different reasons. So social media

0:13:43.600 --> 0:13:47.400
<v Speaker 5>is and shambles. But we'll see what happens. We'll see

0:13:47.440 --> 0:13:50.480
<v Speaker 5>what happens. But I'm just not a believer in the

0:13:50.520 --> 0:13:56.800
<v Speaker 5>long term viability of TikTok. My graduates from my school

0:13:57.600 --> 0:14:02.880
<v Speaker 5>being forced bad and drop.

0:14:13.960 --> 0:14:17.640
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:14:17.640 --> 0:14:21.440
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:14:21.680 --> 0:14:25.840
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:14:25.880 --> 0:14:29.800
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:14:29.880 --> 0:14:33.600
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:14:33.680 --> 0:14:37.280
<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

0:14:37.280 --> 0:14:42.080
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:14:42.120 --> 0:14:45.680
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:14:45.720 --> 0:14:48.920
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:14:49.000 --> 0:14:52.880
<v Speaker 1>are here illegally, your next you will be fine nearly

0:14:52.960 --> 0:14:56.960
<v Speaker 1>one thousand dollars a day, imprisoned and deported, you will

0:14:57.000 --> 0:15:00.280
<v Speaker 1>never return. But if you register using our c MVP

0:15:00.440 --> 0:15:03.160
<v Speaker 1>home app and leave now, you could be allowed to

0:15:03.240 --> 0:15:08.040
<v Speaker 1>return legally. Do what's right. Leave now. Under President Trump,

0:15:08.200 --> 0:15:11.800
<v Speaker 1>America's laws, border and families will be protected.

0:15:11.880 --> 0:15:14.040
<v Speaker 3>Sponsored by the United States Department of Homeland Security.