1 00:00:01,200 --> 00:00:08,480 Speaker 1: The volume The Colin Coward Podcast presented by FanDuel Sports Book. 2 00:00:08,560 --> 00:00:12,440 Speaker 1: No better place to make every moment more than with 3 00:00:12,600 --> 00:00:17,320 Speaker 1: Fan Duel Basketball Football. They have awesome new and existing 4 00:00:17,440 --> 00:00:21,200 Speaker 1: user promotions. It's easy to use, it's safe and secure. 5 00:00:21,720 --> 00:00:24,640 Speaker 1: You can get your winnings back in two hours. My 6 00:00:24,720 --> 00:00:28,000 Speaker 1: favorite the same game parlays. You can bet five or 7 00:00:28,080 --> 00:00:30,800 Speaker 1: ten bucks in one, one hundred and fifty bucks or more. 8 00:00:30,960 --> 00:00:34,960 Speaker 1: If you are new, just download the FanDuel Sports Book app. 9 00:00:35,040 --> 00:00:38,800 Speaker 1: Get started now. Sign up promo code Colin so they 10 00:00:38,840 --> 00:00:42,919 Speaker 1: know we and I sent you. The Colin Coward Podcast 11 00:00:43,000 --> 00:00:54,920 Speaker 1: presented by the Fan Duel Sports Book. Hi, everybody, welcome in. 12 00:00:55,080 --> 00:00:59,000 Speaker 1: I'm on vacation, but before I left, I had the 13 00:00:59,040 --> 00:01:01,920 Speaker 1: opportunity to see it down with perhaps the smartest guy 14 00:01:02,000 --> 00:01:06,560 Speaker 1: I've ever met involved with sports, Peter Gouber. He co 15 00:01:06,720 --> 00:01:11,959 Speaker 1: owns four professional teams, most notably the Warriors and the Dodgers, 16 00:01:12,640 --> 00:01:17,880 Speaker 1: and LAFC and Team Liquid esports that one I didn't 17 00:01:17,880 --> 00:01:20,920 Speaker 1: know about. He's also been involved in some of the 18 00:01:20,959 --> 00:01:24,520 Speaker 1: biggest movie successes of all time, movies that have made 19 00:01:24,560 --> 00:01:30,920 Speaker 1: three billion worldwide Rainman, Batman, The Color of Purple, Terminator 20 00:01:31,000 --> 00:01:33,920 Speaker 1: to Judgment day, boys in the hood, a few good 21 00:01:33,920 --> 00:01:37,920 Speaker 1: men sleepless in the Seattle. I view him as a genius, 22 00:01:38,240 --> 00:01:42,360 Speaker 1: and I say that about very few people. It's interesting. 23 00:01:42,400 --> 00:01:45,240 Speaker 1: Before we get to Peter, I thought about this is 24 00:01:45,280 --> 00:01:47,200 Speaker 1: that I'm a big believer that when you win a 25 00:01:47,280 --> 00:01:51,800 Speaker 1: championship in sports, you make changes, because it's very human, 26 00:01:51,960 --> 00:01:56,200 Speaker 1: very natural for a player after they win a title 27 00:01:56,240 --> 00:01:58,920 Speaker 1: of Super Bowl, a World Series, an NBA championship to 28 00:01:58,960 --> 00:02:02,120 Speaker 1: pull back a little on focus and ambition. So it's 29 00:02:02,120 --> 00:02:06,680 Speaker 1: imperative the organization does not. But the Warriors are the 30 00:02:06,920 --> 00:02:10,520 Speaker 1: rare team that I'm not sure I'd make any move 31 00:02:10,680 --> 00:02:15,240 Speaker 1: until perhaps next year's trading deadline. Kavon Looney, how much 32 00:02:15,280 --> 00:02:17,480 Speaker 1: do I want to pay him? With James Wiseman the 33 00:02:17,520 --> 00:02:21,240 Speaker 1: former number to pick behind him, let's bring in Peter Goober. 34 00:02:21,800 --> 00:02:26,800 Speaker 1: His brain is substantial, his resume is on inspiring, and 35 00:02:26,880 --> 00:02:32,160 Speaker 1: he joins us. Now, first of all, Peter, we love 36 00:02:32,200 --> 00:02:34,720 Speaker 1: having you just picking your brain on this stuff. I 37 00:02:34,760 --> 00:02:36,880 Speaker 1: was thinking as I was driving today to do this, 38 00:02:37,040 --> 00:02:40,240 Speaker 1: that you've been involved in so many successful businesses, but 39 00:02:40,360 --> 00:02:45,760 Speaker 1: sports has always been different because there's such an emotional, 40 00:02:45,919 --> 00:02:51,400 Speaker 1: visceral connection to it. So when you decide to invest 41 00:02:51,560 --> 00:02:55,320 Speaker 1: in a sports franchise, Are there a list of dues 42 00:02:55,400 --> 00:03:01,000 Speaker 1: and don'ts or do you view it differently than other investments? 43 00:03:02,080 --> 00:03:04,040 Speaker 1: The most important things. You don't want to be a fan. 44 00:03:05,040 --> 00:03:07,360 Speaker 1: A fan only costs you, like thirty bucks. You just 45 00:03:07,400 --> 00:03:09,240 Speaker 1: go to the game, pay the ticket, and you're a fan. 46 00:03:09,400 --> 00:03:11,600 Speaker 1: You know you can yell at them. You can scream 47 00:03:11,600 --> 00:03:14,560 Speaker 1: and me have any opinion you want. Nobody listens to you. 48 00:03:14,760 --> 00:03:18,560 Speaker 1: Everybody listens to you, and it doesn't matter. You're you're, 49 00:03:18,560 --> 00:03:22,760 Speaker 1: you know, a passenger. When you decide to acquire a franchise, 50 00:03:23,520 --> 00:03:25,920 Speaker 1: you're you're renting. In a sense, you are the steward 51 00:03:26,000 --> 00:03:28,959 Speaker 1: for it. The idea of the ownership, the word ownership 52 00:03:29,040 --> 00:03:31,280 Speaker 1: is a funny world. You don't own the players, You 53 00:03:31,360 --> 00:03:34,200 Speaker 1: own the opportunity. You own the franchise. You own the 54 00:03:34,320 --> 00:03:38,800 Speaker 1: right to help manage the organization to itself fully success 55 00:03:38,960 --> 00:03:41,839 Speaker 1: and kind of steer it away from its failures. Whether 56 00:03:41,880 --> 00:03:44,680 Speaker 1: it's on the ice, it's on the field, on the turf, 57 00:03:44,720 --> 00:03:46,960 Speaker 1: on the pitch, on the court, wherever it is. So 58 00:03:47,440 --> 00:03:50,760 Speaker 1: you have you have to have your attitude correct and 59 00:03:51,200 --> 00:03:53,080 Speaker 1: what you have to bring to it. If you're going 60 00:03:53,120 --> 00:03:56,120 Speaker 1: to acquire that kind of an opportunity is you have 61 00:03:56,200 --> 00:03:58,600 Speaker 1: to bring to it a steely reserve. You have to 62 00:03:58,640 --> 00:04:02,520 Speaker 1: be organized in a way that your authenticity shines through. 63 00:04:02,760 --> 00:04:06,000 Speaker 1: And for your authenticity to shine through to the athletes, 64 00:04:06,080 --> 00:04:09,360 Speaker 1: to the coaches, that the people involved, to the fans, 65 00:04:09,960 --> 00:04:12,480 Speaker 1: you have to align your feet, toned heart, and wallet. 66 00:04:12,480 --> 00:04:14,720 Speaker 1: They have to be going the same direction. And that 67 00:04:14,800 --> 00:04:17,440 Speaker 1: takes a little bit of a good balance, because you 68 00:04:17,440 --> 00:04:19,520 Speaker 1: can get lost in the ego of it all. You 69 00:04:19,560 --> 00:04:22,400 Speaker 1: can get lost in the idea that somehow that you 70 00:04:22,720 --> 00:04:26,320 Speaker 1: know you you you're responsible for everything on the field 71 00:04:26,360 --> 00:04:29,000 Speaker 1: and everything on the pitch of the ice. Well you are, 72 00:04:29,160 --> 00:04:31,760 Speaker 1: but you aren't you. You you have the opportunity to 73 00:04:31,760 --> 00:04:35,280 Speaker 1: be the guidance counselor for the whole process. And so 74 00:04:35,720 --> 00:04:40,040 Speaker 1: if you begin that journey with the idea that you're 75 00:04:40,440 --> 00:04:42,839 Speaker 1: you know, your ownership is renting, you're renting it for 76 00:04:42,839 --> 00:04:44,880 Speaker 1: a number of years, and you want to leave the 77 00:04:44,960 --> 00:04:48,280 Speaker 1: organization better for your stewardship than you found it. And 78 00:04:48,320 --> 00:04:50,840 Speaker 1: that's really the attitude that I've brought to the things 79 00:04:50,839 --> 00:04:56,960 Speaker 1: that I've joined with, or participated in, or owned. You 80 00:04:57,360 --> 00:05:00,720 Speaker 1: never want to be a meddling owner, but being a 81 00:05:00,760 --> 00:05:04,360 Speaker 1: producer or a sports owner, you have access to people. 82 00:05:04,760 --> 00:05:07,120 Speaker 1: And if at any point you thought, ah, this doesn't 83 00:05:07,240 --> 00:05:12,880 Speaker 1: feel right our direction, we're not aligned, this movie feels off. 84 00:05:13,880 --> 00:05:17,159 Speaker 1: They're not getting along, the directors not seeing it. How 85 00:05:17,200 --> 00:05:22,720 Speaker 1: do you, without meddling, offer wisdom and sage advice Because 86 00:05:22,800 --> 00:05:26,240 Speaker 1: these are actors and performers and they live in a 87 00:05:26,279 --> 00:05:30,560 Speaker 1: tunnel of criticism to begin with, they're sensitive, so are coaches. 88 00:05:30,600 --> 00:05:34,760 Speaker 1: Who are you know, directors, They're public facing people. Is 89 00:05:34,800 --> 00:05:39,080 Speaker 1: it hard sometimes to balance that I want to offer 90 00:05:39,200 --> 00:05:43,360 Speaker 1: something but not overstep my boundaries. Yeah, I think that's 91 00:05:43,400 --> 00:05:45,479 Speaker 1: exact well said. I think you have to. You have 92 00:05:45,520 --> 00:05:48,160 Speaker 1: to frame your involvement in the right way. You have 93 00:05:48,200 --> 00:05:50,640 Speaker 1: to know who your audience is. Is that the coach 94 00:05:50,800 --> 00:05:54,440 Speaker 1: is the fans, is that the co co investors, is 95 00:05:54,440 --> 00:05:57,680 Speaker 1: that the team players, whoever it is. You have to 96 00:05:57,720 --> 00:06:00,720 Speaker 1: know who your audience, who you're speaking to, and you 97 00:06:00,760 --> 00:06:03,520 Speaker 1: have to understand that you have to not just get 98 00:06:03,560 --> 00:06:05,880 Speaker 1: their attention. You have to merit their attention. You know, 99 00:06:06,120 --> 00:06:09,560 Speaker 1: you have to, you have to. Those are elements you 100 00:06:09,640 --> 00:06:14,080 Speaker 1: actually earn. It's not reputation, but it's behavior and reputation 101 00:06:14,520 --> 00:06:18,120 Speaker 1: that you build a sense of trust that you can 102 00:06:18,160 --> 00:06:22,159 Speaker 1: have a conversation with the people that expresses your point 103 00:06:22,200 --> 00:06:25,200 Speaker 1: of view, whether it's the concessions, or whether that's the 104 00:06:25,400 --> 00:06:28,599 Speaker 1: wardrobe of the movie or the wardrobe of the of 105 00:06:28,680 --> 00:06:32,320 Speaker 1: the players, or whether it's the behavior off the quarter 106 00:06:32,400 --> 00:06:34,560 Speaker 1: or on the off the field of the players, all 107 00:06:34,600 --> 00:06:36,960 Speaker 1: of which you reflect on your team. So it's like 108 00:06:37,000 --> 00:06:39,560 Speaker 1: an orchestra leader. You have to orchestrate all those things. 109 00:06:39,560 --> 00:06:42,680 Speaker 1: But you don't want to be the orchestra leader. In 110 00:06:42,680 --> 00:06:45,120 Speaker 1: front of the orchestra. You're out of the frame of 111 00:06:45,120 --> 00:06:49,400 Speaker 1: the of the of the audience. You're you're you have 112 00:06:49,520 --> 00:06:52,600 Speaker 1: to be happy and content with the fact that you're 113 00:06:52,640 --> 00:06:56,520 Speaker 1: trying to manage a process. You aren't on camera as 114 00:06:56,600 --> 00:07:00,440 Speaker 1: the star or the player, and you got get people 115 00:07:00,440 --> 00:07:05,599 Speaker 1: get confused, They get that three letter word out of order, ego, ego, 116 00:07:05,880 --> 00:07:08,600 Speaker 1: edging got out. And what happens is they begin to 117 00:07:08,760 --> 00:07:12,560 Speaker 1: think they are the performer, they are the star, they 118 00:07:12,600 --> 00:07:15,520 Speaker 1: are the team. No, you have to look at it 119 00:07:16,080 --> 00:07:19,120 Speaker 1: somewhat differently because you keep your objectivity that way and 120 00:07:19,240 --> 00:07:21,760 Speaker 1: you're able to make hard decisions that way too. And 121 00:07:22,200 --> 00:07:24,080 Speaker 1: if you can't make the hard decisions, you're gonna make 122 00:07:24,160 --> 00:07:26,560 Speaker 1: bad decisions because you're gonna have to make hard decisions, 123 00:07:27,080 --> 00:07:29,880 Speaker 1: you know. I look at your resume, Peter, You've dealt 124 00:07:29,920 --> 00:07:36,200 Speaker 1: with Tom Hanks, Meg Ryan, Tom Cruise, Steph Curry, Draymond Greene, 125 00:07:38,560 --> 00:07:45,640 Speaker 1: a variety of personalities. But is there a common thread 126 00:07:47,160 --> 00:07:51,600 Speaker 1: Clayton Kershaw, Mookie Betts? Is there a common thread that 127 00:07:51,720 --> 00:07:55,520 Speaker 1: you seek when you invest or you're in a business 128 00:07:55,680 --> 00:07:59,880 Speaker 1: that's attractive to you. Well, you know, the idea is 129 00:08:02,560 --> 00:08:07,640 Speaker 1: I like presenting narrative stories. You're a narrative person. You 130 00:08:07,760 --> 00:08:10,200 Speaker 1: present your story. You could just pay you know, the 131 00:08:10,280 --> 00:08:12,520 Speaker 1: Red Sox one, the Yankees one five to two. I mean, 132 00:08:12,640 --> 00:08:15,800 Speaker 1: you could give them the information, but it's all the 133 00:08:15,960 --> 00:08:19,160 Speaker 1: color of the nuanced to bring your audience into the equation. 134 00:08:19,240 --> 00:08:22,480 Speaker 1: Whether your audience is a movie star or an audience 135 00:08:22,800 --> 00:08:26,160 Speaker 1: in the film theater, or whether it's a somebody in 136 00:08:26,240 --> 00:08:28,880 Speaker 1: a basketball court, wherever it is, you're always dealing with 137 00:08:29,040 --> 00:08:31,640 Speaker 1: the idea of what is the movie? What is the picture? 138 00:08:31,720 --> 00:08:34,280 Speaker 1: What is the story you're trying to get across? And 139 00:08:34,440 --> 00:08:38,400 Speaker 1: so in each of each of these businesses you're dealing 140 00:08:38,440 --> 00:08:43,760 Speaker 1: with personalities then themselves are the encourt or on screen individuals. 141 00:08:43,880 --> 00:08:46,720 Speaker 1: I mean you know, just came upstairs from a film 142 00:08:46,760 --> 00:08:49,960 Speaker 1: we're shooting with Ben Affleck and Matt Damon and two 143 00:08:50,040 --> 00:08:54,439 Speaker 1: giant stars, and you watch them and you realize you 144 00:08:54,600 --> 00:08:58,800 Speaker 1: can't coach them to be better actors. You can't really 145 00:08:59,640 --> 00:09:01,760 Speaker 1: go there and say to them, you know, why don't 146 00:09:01,760 --> 00:09:05,719 Speaker 1: you do this differently? You have to organize yourself through 147 00:09:05,800 --> 00:09:08,439 Speaker 1: other people to get your ideas across. You have to, 148 00:09:08,640 --> 00:09:11,920 Speaker 1: you have to. You have to be um smart enough 149 00:09:12,000 --> 00:09:14,160 Speaker 1: to know when to hold them and went to fold 150 00:09:14,200 --> 00:09:16,960 Speaker 1: them with movie people or television people, on music people. 151 00:09:17,160 --> 00:09:21,520 Speaker 1: All of them are involved with and with sports folks, 152 00:09:21,600 --> 00:09:23,920 Speaker 1: whether it's you know, on the quarter or on the 153 00:09:24,360 --> 00:09:28,000 Speaker 1: field or in the training room. So sometimes the best 154 00:09:28,040 --> 00:09:30,640 Speaker 1: way to go about it is to whisper quietly to 155 00:09:30,720 --> 00:09:33,600 Speaker 1: somebody who can pass the message on to somebody's creative. 156 00:09:33,600 --> 00:09:36,360 Speaker 1: Because remember that on camera personality, and you're an on 157 00:09:36,520 --> 00:09:41,280 Speaker 1: camera personality, you and I mean this respectfully. They have ego, ego, 158 00:09:41,960 --> 00:09:44,520 Speaker 1: and you got to remember you've got to you got 159 00:09:44,640 --> 00:09:47,920 Speaker 1: to make it their idea. You gotta try to make 160 00:09:48,000 --> 00:09:50,000 Speaker 1: them own it, because they don't own it, they won't 161 00:09:50,000 --> 00:09:52,559 Speaker 1: be authentic. If they're not authentic, they won't present well 162 00:09:52,600 --> 00:09:55,680 Speaker 1: to their audience. Whether it's the actor or basketball player 163 00:09:55,760 --> 00:09:59,440 Speaker 1: or football player, they're all they're all personalities. How they 164 00:10:00,040 --> 00:10:04,079 Speaker 1: how they interact, and how they present themselves is what 165 00:10:04,320 --> 00:10:07,560 Speaker 1: you have on the screen, whether it's a television screen 166 00:10:07,679 --> 00:10:10,319 Speaker 1: in a sports event or whether it's a movie or 167 00:10:10,400 --> 00:10:16,560 Speaker 1: television show. And so the idea that somehow you understand 168 00:10:16,640 --> 00:10:21,400 Speaker 1: that process of connection as a leader, I think it's important. 169 00:10:21,440 --> 00:10:25,800 Speaker 1: I think people running sports businesses must understand that they 170 00:10:25,880 --> 00:10:28,400 Speaker 1: are in the entertainment business. If they don't think they're 171 00:10:28,440 --> 00:10:31,679 Speaker 1: in the entertainment business, that's called stupid. You know, they 172 00:10:31,760 --> 00:10:34,160 Speaker 1: have to be in the entertainment that they're aiming at 173 00:10:34,200 --> 00:10:37,880 Speaker 1: people's hearts, not their ads, first, their hearts. They're trying 174 00:10:37,920 --> 00:10:43,439 Speaker 1: to make that audience that sports people invested in the experience, 175 00:10:43,520 --> 00:10:46,320 Speaker 1: invested in the outcome, and they're trying to make them 176 00:10:46,480 --> 00:10:49,760 Speaker 1: participants not passages. You know, you make it if you 177 00:10:49,880 --> 00:10:52,959 Speaker 1: think about the two differences in the businesses. You want 178 00:10:53,000 --> 00:10:56,600 Speaker 1: to make the person that is in the sports business 179 00:10:56,679 --> 00:10:59,599 Speaker 1: the audience watching it. You want to make them participants 180 00:11:00,480 --> 00:11:03,000 Speaker 1: because they feel they make a difference in the outcome. 181 00:11:03,320 --> 00:11:05,760 Speaker 1: They actually feel like a difference in the outcome, and 182 00:11:05,880 --> 00:11:08,680 Speaker 1: they do now, nobody makes a difference in the outcome 183 00:11:08,720 --> 00:11:11,439 Speaker 1: for Top gun Ah Safe Tom clud. You know, you 184 00:11:11,520 --> 00:11:15,199 Speaker 1: can have ten thousand people in an outdoor arena cheering 185 00:11:15,280 --> 00:11:17,199 Speaker 1: one way. It doesn't have any impact on the result 186 00:11:17,280 --> 00:11:20,760 Speaker 1: of the film, but it does in the involvement of 187 00:11:21,040 --> 00:11:23,960 Speaker 1: sports people. So you have to understand the audiences are different, 188 00:11:24,360 --> 00:11:29,440 Speaker 1: and because they're different, and because the organizational participation is different, 189 00:11:29,880 --> 00:11:32,840 Speaker 1: you have to make them participants. You have to try 190 00:11:32,920 --> 00:11:36,640 Speaker 1: to make them have ownership over those players and that team. 191 00:11:36,880 --> 00:11:38,959 Speaker 1: If they don't have ownership, they're not gonna do a 192 00:11:39,000 --> 00:11:40,880 Speaker 1: word of mouth, they're not gonna root, they're not gonna 193 00:11:40,920 --> 00:11:44,040 Speaker 1: come back time and time again. And that's the difference. 194 00:11:44,200 --> 00:11:47,600 Speaker 1: You know, in a sports event, you go to the event, 195 00:11:47,960 --> 00:11:49,760 Speaker 1: you love the team, you love the players. You go 196 00:11:50,000 --> 00:11:52,120 Speaker 1: ten times, twelve times, twenty times, you'll watch it on 197 00:11:52,240 --> 00:11:55,720 Speaker 1: television thirty times. Nobody goes to a move the same 198 00:11:55,760 --> 00:11:58,680 Speaker 1: movie more than once or twice. Maybe maybe you'll see 199 00:11:58,679 --> 00:12:02,000 Speaker 1: it again later in motel when they're traveling. But the 200 00:12:02,120 --> 00:12:05,520 Speaker 1: point is you create ownership in sports teams, and so 201 00:12:05,559 --> 00:12:08,079 Speaker 1: you have to make them own the brand, own the 202 00:12:08,240 --> 00:12:11,000 Speaker 1: core of the meaning of the team, own the venue, 203 00:12:11,640 --> 00:12:14,280 Speaker 1: that's their temple, that's where they go to. So you 204 00:12:14,400 --> 00:12:18,000 Speaker 1: have to nobody has Nobody has the Low's Theater as 205 00:12:18,040 --> 00:12:22,280 Speaker 1: their temple or the let's go down anybody said let's 206 00:12:22,320 --> 00:12:24,719 Speaker 1: go down to the AMC Theater. They don't say that. 207 00:12:25,120 --> 00:12:27,719 Speaker 1: Let's go down to see the MCA the film came 208 00:12:27,760 --> 00:12:30,679 Speaker 1: in on budget, No, they don't do that. So the 209 00:12:30,840 --> 00:12:33,199 Speaker 1: idea of ownership is what you have to do as 210 00:12:33,200 --> 00:12:36,120 Speaker 1: to steward of these assets is you have to surrender 211 00:12:36,200 --> 00:12:38,480 Speaker 1: it to your audience if they help them own it, 212 00:12:38,640 --> 00:12:46,880 Speaker 1: not you. This baseball season turned k's into cash, big 213 00:12:47,040 --> 00:12:50,480 Speaker 1: hits into big wins with Fandel Sports Book. 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At 243 00:14:19,240 --> 00:14:21,480 Speaker 1: the time, I lived in Vegas, so it was really 244 00:14:21,720 --> 00:14:25,520 Speaker 1: I knew that escalator at Caesar's. I knew those places. 245 00:14:26,040 --> 00:14:27,760 Speaker 1: I was a young kid in my you know, late 246 00:14:27,800 --> 00:14:32,240 Speaker 1: twenties problems, early twenties. Um, Tom Cruise is going to 247 00:14:32,280 --> 00:14:34,480 Speaker 1: make over a billion dollars with Top Gun. Did you 248 00:14:34,760 --> 00:14:38,280 Speaker 1: know that he was different, that he was wired differently, 249 00:14:38,360 --> 00:14:40,640 Speaker 1: that he would be what many people believe is one 250 00:14:40,680 --> 00:14:43,760 Speaker 1: of the last remaining movie stars. Matt Damon's one of those. 251 00:14:44,080 --> 00:14:47,640 Speaker 1: Ben Affleck There's not a lot, Peter, There's there's a handful. 252 00:14:48,240 --> 00:14:52,880 Speaker 1: Did you sense, boy, this kid's wired differently? You know, Yes, 253 00:14:53,040 --> 00:14:55,320 Speaker 1: I did. I'd seen him in a little tiny piece 254 00:14:55,360 --> 00:14:57,800 Speaker 1: of a film that Franco Zepharelli did for us, um 255 00:14:58,400 --> 00:15:02,120 Speaker 1: Uh Endless Love a small part in it, and he 256 00:15:02,280 --> 00:15:04,840 Speaker 1: was already magically, he was already had that magic thing. 257 00:15:05,200 --> 00:15:06,920 Speaker 1: You know, you could see it. It's like it's like 258 00:15:07,040 --> 00:15:10,520 Speaker 1: when you saw a Brad Pitt in the back of 259 00:15:10,880 --> 00:15:13,720 Speaker 1: Thelma and Louise, you know, and when you when you 260 00:15:13,800 --> 00:15:15,240 Speaker 1: saw him there he was in a scene for like 261 00:15:15,840 --> 00:15:18,680 Speaker 1: four minutes and he went, WHOA give me that? What's 262 00:15:18,760 --> 00:15:22,600 Speaker 1: that guy? So they have that special electric quality, that 263 00:15:22,920 --> 00:15:26,520 Speaker 1: unique presence that just shines through the screen that I 264 00:15:26,680 --> 00:15:30,240 Speaker 1: know he'd be that this kind of enduring style and 265 00:15:30,520 --> 00:15:33,960 Speaker 1: enduring style that goes through generations. No, that would be 266 00:15:34,040 --> 00:15:35,840 Speaker 1: that would be too much. That I knew he had 267 00:15:36,160 --> 00:15:40,120 Speaker 1: magnetic quality absolutely, And you know when he came to 268 00:15:40,320 --> 00:15:42,920 Speaker 1: us afterwards and did another pretty good film, A Few 269 00:15:43,000 --> 00:15:46,920 Speaker 1: Good Men with Jack Nicholson, I mean, he was phenomenal. 270 00:15:47,000 --> 00:15:51,000 Speaker 1: He kept he kept his stardom focused on two things. 271 00:15:51,120 --> 00:15:53,520 Speaker 1: He knew what he would do well. And most of 272 00:15:53,520 --> 00:15:55,880 Speaker 1: the films he chose, he knew they were him and 273 00:15:55,960 --> 00:15:58,760 Speaker 1: he could do them well. You know, so that you 274 00:15:58,800 --> 00:16:01,880 Speaker 1: know part of his skill set. Is an extraordinary guy 275 00:16:02,000 --> 00:16:05,280 Speaker 1: that way. And he works like the deuce. I mean 276 00:16:05,360 --> 00:16:08,680 Speaker 1: he works his parts and his pictures like crazy, as 277 00:16:08,800 --> 00:16:12,440 Speaker 1: does the great athletes. We see the really great athletes, 278 00:16:12,520 --> 00:16:15,480 Speaker 1: They really work it, they care about it. So these 279 00:16:15,520 --> 00:16:19,200 Speaker 1: are the performance that people want to see in the venues, 280 00:16:19,520 --> 00:16:22,120 Speaker 1: on the screen, on the television. They want to see 281 00:16:22,160 --> 00:16:25,040 Speaker 1: people that are just magnetic and and committed to their 282 00:16:25,280 --> 00:16:27,760 Speaker 1: art form. And I believe you can see it early on. 283 00:16:27,960 --> 00:16:31,840 Speaker 1: You do see it early on with with performers and actors. 284 00:16:31,880 --> 00:16:35,120 Speaker 1: They have that special skill. Why aren't they making more 285 00:16:35,160 --> 00:16:37,240 Speaker 1: of them? Oh, that's a good idea. Why aren't they 286 00:16:37,280 --> 00:16:39,200 Speaker 1: making more of Michael Jordan's Why an't they making more 287 00:16:39,240 --> 00:16:41,680 Speaker 1: of this one and that one? Well, that's what they 288 00:16:41,800 --> 00:16:44,400 Speaker 1: called a star because there's only a few of them, 289 00:16:44,640 --> 00:16:48,960 Speaker 1: you know, And right, that's the truth. You know, the 290 00:16:49,120 --> 00:16:51,840 Speaker 1: Murdoch family got out of the movie business, and Barry 291 00:16:51,920 --> 00:16:54,080 Speaker 1: Diller at the time, these are two smart people said, 292 00:16:54,240 --> 00:16:56,840 Speaker 1: you know, it may be time people aren't going to theaters, 293 00:16:56,920 --> 00:17:01,200 Speaker 1: the streaming business eating away. You know, the world's changed 294 00:17:02,680 --> 00:17:05,119 Speaker 1: when you look at the movie business going forward. I 295 00:17:05,160 --> 00:17:08,400 Speaker 1: mean again, Tom Cruise feels like this is an outlier 296 00:17:08,600 --> 00:17:11,359 Speaker 1: one of one movie Top Gun the remake right or 297 00:17:11,640 --> 00:17:16,560 Speaker 1: Top Gun the second iteration of it. Where do you 298 00:17:16,680 --> 00:17:20,000 Speaker 1: make of the movie business today? What? What? What? What? 299 00:17:20,480 --> 00:17:22,080 Speaker 1: If I didn't know much about it and you were 300 00:17:22,160 --> 00:17:25,520 Speaker 1: explaining what it's going through, what would that be? I 301 00:17:25,600 --> 00:17:29,440 Speaker 1: would think it's going through contortions right now because it's 302 00:17:29,520 --> 00:17:33,680 Speaker 1: trying to figure out the storytelling business is never going away. 303 00:17:34,000 --> 00:17:36,840 Speaker 1: There's a thing fifty thousand years ago. It's called the 304 00:17:36,920 --> 00:17:41,040 Speaker 1: campfire with flickering images. It still exists today. So the 305 00:17:41,119 --> 00:17:43,959 Speaker 1: storytelling is never going away. It's going to get more 306 00:17:44,000 --> 00:17:47,359 Speaker 1: and more expensive. The question is what's the modality of 307 00:17:47,480 --> 00:17:52,359 Speaker 1: telling those stories in film, television, streaming or whatever. The 308 00:17:52,520 --> 00:17:55,040 Speaker 1: idea of that going away is wrong. They'll never go away. 309 00:17:55,080 --> 00:17:57,720 Speaker 1: What it we'll do? It is being reshaped now because 310 00:17:57,920 --> 00:18:02,160 Speaker 1: now to get people to to choose a film two 311 00:18:02,240 --> 00:18:04,720 Speaker 1: point four days before they go yeah, the three point 312 00:18:04,800 --> 00:18:08,600 Speaker 1: two people travel revel nineteen point four miles way twenty 313 00:18:08,640 --> 00:18:11,720 Speaker 1: point four minutes to see the film and then do 314 00:18:11,840 --> 00:18:14,560 Speaker 1: that whole thing to go home. That's hard. That's a 315 00:18:14,640 --> 00:18:17,240 Speaker 1: theatrical movie business. It's got to be an event. It's 316 00:18:17,280 --> 00:18:19,560 Speaker 1: got to be something to get their bums off the 317 00:18:19,680 --> 00:18:23,280 Speaker 1: seats and to go to a theater for a communal experience. 318 00:18:24,720 --> 00:18:27,439 Speaker 1: More people are watching films today than ever in history, 319 00:18:27,520 --> 00:18:30,639 Speaker 1: with or more people too, but more people are watching films. 320 00:18:30,840 --> 00:18:35,000 Speaker 1: They're watching them on streaming, on thumb drives, all kinds 321 00:18:35,000 --> 00:18:38,760 Speaker 1: of thing, on mobile phones. I mean, just just the 322 00:18:38,840 --> 00:18:42,119 Speaker 1: whole change of it. But when you have a monumental 323 00:18:42,200 --> 00:18:45,639 Speaker 1: event like top Gun, who became that one? And I 324 00:18:45,720 --> 00:18:48,960 Speaker 1: think Christmas Avatar James Cameron's Who film is going to 325 00:18:49,040 --> 00:18:52,520 Speaker 1: be that and other ones. They become events. People want 326 00:18:52,560 --> 00:18:56,320 Speaker 1: to gather and watch the experience together. Those are very 327 00:18:56,440 --> 00:19:01,399 Speaker 1: hard to make. You know that. They are called another word, hits, 328 00:19:01,800 --> 00:19:04,119 Speaker 1: and that's very hard to make, you know. You say, what, 329 00:19:04,240 --> 00:19:06,199 Speaker 1: why don't we just make hits? Oh? Didn't I think 330 00:19:06,240 --> 00:19:07,720 Speaker 1: of that? That's all I want to make From now one, 331 00:19:07,720 --> 00:19:10,720 Speaker 1: I'm only gonna make hits. I think it's crazy. So 332 00:19:11,160 --> 00:19:15,720 Speaker 1: you have fewer films in that category, There'll always be some, 333 00:19:16,000 --> 00:19:18,399 Speaker 1: and the people still want to gather together and they 334 00:19:18,480 --> 00:19:20,680 Speaker 1: do want to see them. Think that being there'll be 335 00:19:20,760 --> 00:19:24,240 Speaker 1: more and more films made online streaming and other kinds 336 00:19:24,240 --> 00:19:28,399 Speaker 1: of forms like that. And the idea that sports is 337 00:19:28,480 --> 00:19:34,320 Speaker 1: completely different, really completely different, because sports, you as an audience, 338 00:19:34,520 --> 00:19:37,159 Speaker 1: love the live sports where you are there because you 339 00:19:37,320 --> 00:19:39,680 Speaker 1: feel you make a difference and you do and you 340 00:19:39,880 --> 00:19:42,320 Speaker 1: are part of the action, and you do, and you 341 00:19:42,480 --> 00:19:46,000 Speaker 1: don't know the ending. You know, the same guy wins. 342 00:19:46,119 --> 00:19:49,119 Speaker 1: All you watch Rocky one and a big wide screen 343 00:19:49,160 --> 00:19:52,040 Speaker 1: with a thousand people, you see you wins. You're watching them. 344 00:19:52,119 --> 00:19:54,000 Speaker 1: Three weeks later, you come back with your kid, same 345 00:19:54,040 --> 00:19:56,760 Speaker 1: guy wins. Now you're watching in a plane flying across 346 00:19:56,800 --> 00:19:59,280 Speaker 1: the country. Same guy wins. Now you're watching on your 347 00:19:59,359 --> 00:20:02,840 Speaker 1: on your phone, same guy wins. That's not true about sports. 348 00:20:03,440 --> 00:20:05,280 Speaker 1: That's the that's the beauty of it, you know, the 349 00:20:05,640 --> 00:20:09,240 Speaker 1: variegation of the result. So for me, I like I 350 00:20:09,400 --> 00:20:12,000 Speaker 1: like the mixer too. I'm doing a movie now about 351 00:20:12,040 --> 00:20:16,920 Speaker 1: Sonny Vacaro, and right, I can't wait. Sonny Vacaro and 352 00:20:17,040 --> 00:20:20,600 Speaker 1: David Falk and all the people like I'm doing that. 353 00:20:20,720 --> 00:20:23,520 Speaker 1: I'm doing that movie now. I'm shooting at the same 354 00:20:23,600 --> 00:20:28,880 Speaker 1: time a movie in New Orleans called Heart of the Lion. 355 00:20:29,440 --> 00:20:31,639 Speaker 1: It's a story of George Foreman coming back at forty 356 00:20:31,720 --> 00:20:34,280 Speaker 1: six to win the heavyweight championship of the world. And 357 00:20:34,440 --> 00:20:36,960 Speaker 1: he's down there with Forrest Whitterk and Hooks shooting the 358 00:20:37,000 --> 00:20:40,679 Speaker 1: same to two different movies. I would tell you everybody 359 00:20:40,720 --> 00:20:42,600 Speaker 1: knows the ending of the movie, but they don't know 360 00:20:42,800 --> 00:20:46,680 Speaker 1: how it happened. Now, how come you know? But just 361 00:20:46,800 --> 00:20:50,960 Speaker 1: finished the war is game? We know everything about how 362 00:20:51,119 --> 00:20:52,920 Speaker 1: and win an end, you know what I mean. But 363 00:20:53,080 --> 00:20:56,320 Speaker 1: the idea is the movie is a different thing than 364 00:20:56,359 --> 00:20:59,919 Speaker 1: a sports event. It's just different, and you engage audiences differently. 365 00:21:00,080 --> 00:21:04,240 Speaker 1: You even organize honestly, you organize the components differently to 366 00:21:04,359 --> 00:21:08,439 Speaker 1: it too, because you know, most of the time when 367 00:21:08,480 --> 00:21:13,399 Speaker 1: you make a movie, the result is unexpected. I remember 368 00:21:13,440 --> 00:21:18,080 Speaker 1: when I was running Sony occulta said, Umason, why you 369 00:21:18,160 --> 00:21:20,680 Speaker 1: have to make the flops? Always said, oh right, just 370 00:21:20,920 --> 00:21:23,920 Speaker 1: make hits. What a strategy. I'll just make the hits. 371 00:21:24,240 --> 00:21:27,840 Speaker 1: Because people don't realize that chance has a lot to 372 00:21:27,880 --> 00:21:30,159 Speaker 1: do with whether a movie or televidence show is successful. 373 00:21:30,400 --> 00:21:32,440 Speaker 1: It does. It has a lot to do with it, 374 00:21:32,840 --> 00:21:35,080 Speaker 1: and it does in sports, but you're seeing it in 375 00:21:35,160 --> 00:21:39,320 Speaker 1: real time. In sports, you're involved with it, you're participating 376 00:21:39,400 --> 00:21:42,240 Speaker 1: with it. You're not a passenger. And that's the difference. 377 00:21:44,000 --> 00:21:46,960 Speaker 1: You know. Years ago, I'm from the Pacific Northwest. There's 378 00:21:46,960 --> 00:21:50,879 Speaker 1: a story that's fairly well chronicled now up in Seattle 379 00:21:50,960 --> 00:21:55,240 Speaker 1: that the Microsoft guys took an interview years ago with 380 00:21:55,359 --> 00:21:58,440 Speaker 1: Jeff Bezos when he was had this idea of Amazon 381 00:21:59,040 --> 00:22:01,360 Speaker 1: and he was looking for some money and some support, 382 00:22:01,880 --> 00:22:05,080 Speaker 1: and we're talking Gates and the late Paul Allen really 383 00:22:05,160 --> 00:22:10,080 Speaker 1: really steve Balmer level intelligence and almost to a person, 384 00:22:11,040 --> 00:22:14,560 Speaker 1: many of these Microsoft millionaires at the time, that's when 385 00:22:14,600 --> 00:22:17,760 Speaker 1: people weren't billionaires yet. Even the Microsoft guys were millionaires 386 00:22:18,400 --> 00:22:21,320 Speaker 1: when they met Bezos. I was told by somebody I 387 00:22:21,560 --> 00:22:24,120 Speaker 1: trust that was in the inner circle that they came 388 00:22:24,200 --> 00:22:27,600 Speaker 1: back saying that maybe the smartest person I've ever talked 389 00:22:27,640 --> 00:22:29,440 Speaker 1: to in Jeff Bezos, and how he laid it out 390 00:22:30,280 --> 00:22:33,840 Speaker 1: that you are dealing in a very high not only 391 00:22:33,960 --> 00:22:39,280 Speaker 1: net worth, but high functioning, high intelligent circle. Is there anybody, 392 00:22:39,400 --> 00:22:42,119 Speaker 1: Peter that you sit down with occasionally and on your 393 00:22:42,200 --> 00:22:47,159 Speaker 1: drive back home you're like, oh, boy, she was smarter 394 00:22:47,240 --> 00:22:49,600 Speaker 1: or he was smart. Are you ever blown away by 395 00:22:49,640 --> 00:22:54,840 Speaker 1: an idea or a person? Yeah, I'm always. I'm impressed 396 00:22:54,880 --> 00:22:59,320 Speaker 1: with creativity and intelligence and passion, and I mean that 397 00:23:00,200 --> 00:23:04,720 Speaker 1: combination and it's like obscenity, you know when you see it, 398 00:23:04,840 --> 00:23:06,680 Speaker 1: you know, you just feel it. It just it just 399 00:23:06,840 --> 00:23:10,200 Speaker 1: it just just it radiates from you and you're sucked 400 00:23:10,240 --> 00:23:12,480 Speaker 1: in by it and seduced by it often, you know. 401 00:23:12,640 --> 00:23:18,959 Speaker 1: And and uh, you know, I remember meeting Steve Jobs 402 00:23:19,400 --> 00:23:22,320 Speaker 1: when I was at Sony when I Sony and um 403 00:23:23,440 --> 00:23:26,760 Speaker 1: and this was before he exploded, sort of speaking as 404 00:23:26,880 --> 00:23:30,920 Speaker 1: super success, super super successful, and I thought to myself, Wow, 405 00:23:32,560 --> 00:23:36,280 Speaker 1: that guy is smart, really smart, I mean really really smart. 406 00:23:36,560 --> 00:23:40,800 Speaker 1: I remember just recently. A few years back, was sitting 407 00:23:40,840 --> 00:23:42,879 Speaker 1: with Elon Musk at a dinner party next to him 408 00:23:42,880 --> 00:23:45,800 Speaker 1: at a private house and I met him several times. 409 00:23:45,840 --> 00:23:48,520 Speaker 1: When in talking with him, he was talking about this 410 00:23:48,640 --> 00:23:53,280 Speaker 1: whole concept of electric cars and how it worked and 411 00:23:53,400 --> 00:23:57,880 Speaker 1: what it meant, and he said something that was many 412 00:23:58,000 --> 00:24:00,119 Speaker 1: things that were just I couldn't even eat dinner. I 413 00:24:00,200 --> 00:24:02,120 Speaker 1: just sat there and listen. I remember, we can tell 414 00:24:02,119 --> 00:24:04,480 Speaker 1: me when things is. What's the most awful thing you 415 00:24:04,600 --> 00:24:07,080 Speaker 1: like doing about driving system? I said, standing at the 416 00:24:07,160 --> 00:24:11,080 Speaker 1: gas station for eleven minutes, pumping gas into my car 417 00:24:11,200 --> 00:24:13,399 Speaker 1: with the META going like the up spending them, spending 418 00:24:13,440 --> 00:24:15,800 Speaker 1: the money and nothing to look at you standing there 419 00:24:15,920 --> 00:24:18,480 Speaker 1: and going out, maybe worrying about getting robbed or something. 420 00:24:18,560 --> 00:24:21,239 Speaker 1: But that was it. He says, I'm gonna get rid 421 00:24:21,240 --> 00:24:23,800 Speaker 1: of that. It's gone forever. You never have to do 422 00:24:23,880 --> 00:24:27,160 Speaker 1: that again, you know, I said, really, yep, he says, 423 00:24:27,440 --> 00:24:30,000 Speaker 1: let your guys drive three hundred miles, plugging in at 424 00:24:30,040 --> 00:24:33,240 Speaker 1: home and going next day. Oh, I like cas, you know. 425 00:24:33,520 --> 00:24:35,399 Speaker 1: He just it was like, you know, it's like and 426 00:24:35,480 --> 00:24:38,000 Speaker 1: you looked in his eyes and you knew he got it. 427 00:24:38,200 --> 00:24:40,879 Speaker 1: He knew that was one of the promises of it. 428 00:24:40,960 --> 00:24:43,520 Speaker 1: I mean that was a side piece of the promise, 429 00:24:43,560 --> 00:24:48,680 Speaker 1: so obviously. But he understood his audience, he understood his customer, 430 00:24:48,920 --> 00:24:52,600 Speaker 1: He understood them as as a participant in his process, 431 00:24:53,000 --> 00:24:56,680 Speaker 1: and you could speak to them about what they want to, 432 00:24:56,800 --> 00:25:00,840 Speaker 1: like their desire, and you know, he it's like, as 433 00:25:00,880 --> 00:25:02,639 Speaker 1: I said, it's like that moment you sit down with 434 00:25:02,720 --> 00:25:06,399 Speaker 1: somebody and you oh, it's that's that's that's somebody special. 435 00:25:06,600 --> 00:25:11,280 Speaker 1: I remember with Mandela. Mandela came to the United States 436 00:25:11,320 --> 00:25:12,960 Speaker 1: and he asked me to have a party for him 437 00:25:13,000 --> 00:25:16,359 Speaker 1: in California when he just first arrived here, and I 438 00:25:16,480 --> 00:25:21,080 Speaker 1: sat with him alone for the whole afternoon, and I 439 00:25:21,240 --> 00:25:25,120 Speaker 1: remember just him saying something you know that really kind 440 00:25:25,160 --> 00:25:28,440 Speaker 1: of startled me, you know, really startled me about the 441 00:25:28,600 --> 00:25:35,480 Speaker 1: fact that um, his mission, his mission in life wasn't fulfilled. 442 00:25:35,520 --> 00:25:37,640 Speaker 1: So he always knew he was going to be free 443 00:25:38,000 --> 00:25:42,240 Speaker 1: because his mission wasn't fulfilled. And I said to myself, well, 444 00:25:42,280 --> 00:25:47,440 Speaker 1: that's you know, your mission meant you could forego all 445 00:25:47,480 --> 00:25:49,920 Speaker 1: the burdens and the physicistitudes of life and all the 446 00:25:50,000 --> 00:25:53,640 Speaker 1: things because you knew that was your mission. And he said, yes, 447 00:25:53,960 --> 00:25:56,639 Speaker 1: I knew, I knew I knew it and when and 448 00:25:56,800 --> 00:25:58,960 Speaker 1: I said to when we talked about how when he 449 00:25:59,040 --> 00:26:02,440 Speaker 1: was got the news about it being released, and and 450 00:26:02,560 --> 00:26:05,359 Speaker 1: I thought to myself, this is this guy's magic. I mean, 451 00:26:05,720 --> 00:26:07,800 Speaker 1: it's like you were in the room with him and 452 00:26:08,240 --> 00:26:10,560 Speaker 1: and you thought to yourself, I just want to roll 453 00:26:10,640 --> 00:26:12,760 Speaker 1: around on the floor with the guy because he just 454 00:26:12,920 --> 00:26:17,040 Speaker 1: has that he just has that special thing that that 455 00:26:17,520 --> 00:26:20,600 Speaker 1: is there and and it's it's great whether it's an artist, 456 00:26:20,680 --> 00:26:23,879 Speaker 1: whether it's a performer or and you're lucky enough to 457 00:26:23,920 --> 00:26:26,280 Speaker 1: be around those people. Ali Muhammad Ali was like that, 458 00:26:26,640 --> 00:26:29,399 Speaker 1: you know, and uh he was You're with him. I 459 00:26:29,520 --> 00:26:32,920 Speaker 1: was several films of them, and you're with him. And 460 00:26:33,240 --> 00:26:34,720 Speaker 1: he looked in the eye and he said to you 461 00:26:34,800 --> 00:26:36,400 Speaker 1: what he meant, what he meant and what he said, 462 00:26:36,720 --> 00:26:38,879 Speaker 1: and you know, he was a line. You knew that 463 00:26:41,000 --> 00:26:44,480 Speaker 1: he just had his old coherence. His body was cohering 464 00:26:44,520 --> 00:26:46,040 Speaker 1: with his mind, with his heart, with his feet, was 465 00:26:46,080 --> 00:26:48,560 Speaker 1: his tongue, and you felt special and you knew he 466 00:26:48,640 --> 00:26:51,440 Speaker 1: was mission driven. So that's what you look at, you know, 467 00:26:51,600 --> 00:26:56,080 Speaker 1: is somebody mission driven? And I you know, I have 468 00:26:56,160 --> 00:26:58,440 Speaker 1: a picture. I don't know if I can tell you this. 469 00:26:58,560 --> 00:27:02,440 Speaker 1: I have a picture fifty years ago of me I 470 00:27:02,560 --> 00:27:04,920 Speaker 1: have in my pocket here on my phone, just by accident, 471 00:27:05,280 --> 00:27:09,240 Speaker 1: at standing like this with Muhammad Ali when we made 472 00:27:09,320 --> 00:27:14,080 Speaker 1: the greatest fifty years ago. Like this same picture fifty 473 00:27:14,160 --> 00:27:17,359 Speaker 1: years later, a picture taken two weeks ago with George 474 00:27:17,400 --> 00:27:19,760 Speaker 1: Foreman who came to the set going like this, And 475 00:27:19,880 --> 00:27:24,200 Speaker 1: remember Ali knocked out Foreman. Fifty years later and I'm 476 00:27:24,240 --> 00:27:26,560 Speaker 1: still taking this picture. And I put the two pictures 477 00:27:26,600 --> 00:27:30,159 Speaker 1: together and I said, Wow, I just can't believe that 478 00:27:30,920 --> 00:27:33,639 Speaker 1: my life was like that, just what fifty years like 479 00:27:34,040 --> 00:27:38,480 Speaker 1: like that? But those experiences was so incredible, Ali, and 480 00:27:38,640 --> 00:27:43,320 Speaker 1: this guy was so incredible that you knew your life 481 00:27:43,480 --> 00:27:46,479 Speaker 1: was magical when you had those opportunities more than the films, 482 00:27:46,720 --> 00:27:49,760 Speaker 1: just those opportunities to connect with those I said, who 483 00:27:49,800 --> 00:27:55,280 Speaker 1: you met with those kinds of people. Ali was unbelievable, guy, unbelievable. 484 00:27:56,600 --> 00:27:59,440 Speaker 1: You're giving us twenty five thirty minutes. It's amazing. So 485 00:27:59,520 --> 00:28:01,879 Speaker 1: I have just a question. I wanted to ask you 486 00:28:02,080 --> 00:28:07,359 Speaker 1: that I consider you a great investor. You're an author, 487 00:28:07,480 --> 00:28:10,919 Speaker 1: you're an educator, You're a motivational person. For me, somebody 488 00:28:10,960 --> 00:28:15,080 Speaker 1: I have followed for years, inspiring, but at some level 489 00:28:15,280 --> 00:28:18,560 Speaker 1: you've invested in really good films and really good people. 490 00:28:18,640 --> 00:28:23,200 Speaker 1: You you invest in human capital, physical capital, you know 491 00:28:23,359 --> 00:28:26,560 Speaker 1: the Dodger, Chevez ravines, like real estate capital. Really, that's 492 00:28:26,760 --> 00:28:28,359 Speaker 1: that's the jewel of that whole thing is where the 493 00:28:28,440 --> 00:28:35,200 Speaker 1: stadium's at. So I have always said with technology, I 494 00:28:35,359 --> 00:28:40,680 Speaker 1: invest in technology that replaces something or is more efficient 495 00:28:40,760 --> 00:28:44,760 Speaker 1: than what I'm using. Uber is a great example of 496 00:28:44,960 --> 00:28:48,240 Speaker 1: I want a glass of wine. It replaces my card 497 00:28:48,280 --> 00:28:56,480 Speaker 1: a reasonable price, Zoom docu sign more efficient than alternatives. Bitcoin. 498 00:28:56,680 --> 00:28:59,920 Speaker 1: I'm the last person in America that doesn't buy bitcoin. 499 00:29:00,080 --> 00:29:04,120 Speaker 1: It does not replace my money. It's unregulated currency. It's 500 00:29:04,160 --> 00:29:07,480 Speaker 1: too volatile and turbulent for me. When you look at 501 00:29:07,560 --> 00:29:11,040 Speaker 1: something like cryptocurrency where many of the most brilliant people 502 00:29:11,120 --> 00:29:15,240 Speaker 1: Mark Cuban, Elon Musk are in and I think to myself, 503 00:29:15,360 --> 00:29:18,320 Speaker 1: I know they're smarter than me, But this doesn't align 504 00:29:18,440 --> 00:29:22,120 Speaker 1: with my values or my beliefs. What do I do 505 00:29:22,280 --> 00:29:25,200 Speaker 1: with that? Where do I take that? Well, it causes 506 00:29:25,200 --> 00:29:27,920 Speaker 1: you some adjatas you probably take some thumbs with it. 507 00:29:30,680 --> 00:29:34,440 Speaker 1: It started with that. But the honest question to that, 508 00:29:34,840 --> 00:29:38,360 Speaker 1: honest answer to that question is if something is out 509 00:29:38,440 --> 00:29:43,240 Speaker 1: there and it's happening. Instead of being I'm not saying 510 00:29:43,320 --> 00:29:47,480 Speaker 1: you me too. Instead of being critical, be curious, M 511 00:29:48,080 --> 00:29:51,640 Speaker 1: that's interesting? What does it mean? And keep being curious 512 00:29:52,120 --> 00:29:57,040 Speaker 1: because the crowdsourcing the crowd is very wise, whether it's 513 00:29:57,040 --> 00:30:00,320 Speaker 1: the stock market or anything. The crowd of the wisdom 514 00:30:00,360 --> 00:30:03,000 Speaker 1: of the crowd, the size of the crowd. Now, they 515 00:30:03,040 --> 00:30:04,960 Speaker 1: can be fooled and things can happen in the bed, 516 00:30:05,040 --> 00:30:08,480 Speaker 1: but it's good to look at. So you have to say, 517 00:30:09,880 --> 00:30:13,720 Speaker 1: that's interesting, what does it mean? Keep being curious about it. 518 00:30:13,840 --> 00:30:15,680 Speaker 1: Doesn't mean you have to take all of your money 519 00:30:15,720 --> 00:30:18,040 Speaker 1: out of your biggie bank and invest it in crypto. 520 00:30:18,600 --> 00:30:21,000 Speaker 1: That would be insane, even if you thought it was 521 00:30:21,080 --> 00:30:23,600 Speaker 1: worth it. What you do is you look at those 522 00:30:23,720 --> 00:30:26,880 Speaker 1: things and say, what does it mean? How does it operate? 523 00:30:27,000 --> 00:30:29,680 Speaker 1: Just keep being curious, look at talk to people until 524 00:30:29,760 --> 00:30:32,680 Speaker 1: you get comfortable. And then even if you get comfortable 525 00:30:32,720 --> 00:30:34,600 Speaker 1: with things, whether it's a movie for me or a 526 00:30:34,640 --> 00:30:39,200 Speaker 1: sports team, I listen, I bid on Chelsea last five 527 00:30:39,240 --> 00:30:41,560 Speaker 1: of us, Yeah, five of us bid. We came in second. 528 00:30:42,000 --> 00:30:44,240 Speaker 1: Thank god I came in second. After I found out 529 00:30:44,760 --> 00:30:47,480 Speaker 1: I'm gonna cost I'm glad I came in second. But 530 00:30:47,640 --> 00:30:52,000 Speaker 1: the point is the curiosity shouldn't be because you don't 531 00:30:52,040 --> 00:30:55,280 Speaker 1: know the answer, shouldn't stop you from being curious. That's 532 00:30:55,320 --> 00:30:57,480 Speaker 1: what you gotta watch out for, just because you don't 533 00:30:57,480 --> 00:31:01,719 Speaker 1: want to. You don't want to assert yourself periority over something. 534 00:31:02,160 --> 00:31:04,040 Speaker 1: You want to see what it's telling you, not what 535 00:31:04,160 --> 00:31:06,120 Speaker 1: it's asking you. It's telling you that a lot of 536 00:31:06,160 --> 00:31:09,840 Speaker 1: people believe that our currency is too speculative, or our 537 00:31:09,880 --> 00:31:13,480 Speaker 1: currency is too dangerous, our currency is overblown. A lot 538 00:31:13,560 --> 00:31:16,440 Speaker 1: of people telling that, and now they're in this currency. 539 00:31:16,640 --> 00:31:19,360 Speaker 1: You know, so you you you use it as a 540 00:31:19,440 --> 00:31:24,080 Speaker 1: tool to learn and and I don't think you'd be 541 00:31:24,600 --> 00:31:27,800 Speaker 1: new I don't mean you. But one should be intimidated 542 00:31:27,880 --> 00:31:31,120 Speaker 1: by not knowing the answer. You should be intimidated by 543 00:31:31,440 --> 00:31:34,000 Speaker 1: is not looking for what the answer could be, what 544 00:31:34,160 --> 00:31:37,440 Speaker 1: it could mean, still being curious, still being open to 545 00:31:37,560 --> 00:31:40,240 Speaker 1: looking at it. You don't have to finalize your position 546 00:31:40,320 --> 00:31:43,240 Speaker 1: on it. You know. Um, some people still like the 547 00:31:43,360 --> 00:31:45,680 Speaker 1: smell of horses to go from one town to the other. 548 00:31:45,880 --> 00:31:49,400 Speaker 1: But you know it's not it's no longer practical. So 549 00:31:49,920 --> 00:31:52,760 Speaker 1: the idea is I think the idea is there's something 550 00:31:52,840 --> 00:31:55,480 Speaker 1: happening out there. What does it mean? Talk to a 551 00:31:55,560 --> 00:31:59,040 Speaker 1: lot of people. I listen, I have scripts to come in. 552 00:31:59,600 --> 00:32:03,479 Speaker 1: I think I'd say this is dreadful. I don't understand 553 00:32:03,520 --> 00:32:05,480 Speaker 1: what it's about. And I give it to other people, 554 00:32:05,560 --> 00:32:08,080 Speaker 1: younger people, different people, and they this is great, this 555 00:32:08,200 --> 00:32:12,720 Speaker 1: is wonderful. And I have to surrender my my own 556 00:32:12,840 --> 00:32:16,720 Speaker 1: opinion to listen to think what am I missing? They're 557 00:32:16,720 --> 00:32:19,560 Speaker 1: different people, they're different audiences, and the same with players 558 00:32:19,600 --> 00:32:22,440 Speaker 1: and the same with teams. You know, I you know, 559 00:32:23,400 --> 00:32:26,320 Speaker 1: I've gone through it so much that you know that, 560 00:32:26,520 --> 00:32:31,160 Speaker 1: you know, you know that winning twelve games a year 561 00:32:31,280 --> 00:32:33,400 Speaker 1: in basketball when you have that kind of a payroll 562 00:32:34,000 --> 00:32:37,760 Speaker 1: is really scary. I mean, it gives you sphincter arrest. 563 00:32:37,960 --> 00:32:41,680 Speaker 1: All of your sphincters go like this because it's scary. 564 00:32:42,040 --> 00:32:44,760 Speaker 1: But what does it mean. It means, okay, a new beginning. 565 00:32:44,800 --> 00:32:47,280 Speaker 1: I gotta reboot, I gotta rethink. In other words, so 566 00:32:47,480 --> 00:32:51,440 Speaker 1: you have to have some kind of an attitudinal tool, 567 00:32:52,200 --> 00:32:56,760 Speaker 1: because bad crap happens, Bad stuff happens, and things you 568 00:32:56,800 --> 00:32:59,920 Speaker 1: don't know happens. So you got to think about how 569 00:33:00,000 --> 00:33:01,400 Speaker 1: to cope with it, how to deal with it, and 570 00:33:01,520 --> 00:33:05,120 Speaker 1: so success as many fathers and failure as an orphans. 571 00:33:05,160 --> 00:33:06,600 Speaker 1: So what you want to do is you want to 572 00:33:07,120 --> 00:33:10,800 Speaker 1: honestly own the process of learning and growing from it. 573 00:33:11,000 --> 00:33:13,920 Speaker 1: Whether it's a movie or television show or a sports team, 574 00:33:14,600 --> 00:33:17,880 Speaker 1: it's your life. And I can tell you as an 575 00:33:17,920 --> 00:33:21,480 Speaker 1: older guy, it's like that, it goes that fast. You 576 00:33:21,640 --> 00:33:23,400 Speaker 1: can remember when you were in high school. I'll bet 577 00:33:23,440 --> 00:33:25,160 Speaker 1: you could remember when you were in high school. Yeah, 578 00:33:25,200 --> 00:33:27,720 Speaker 1: it was like is that yesterday? And so what you 579 00:33:27,800 --> 00:33:29,800 Speaker 1: want to do is you want to be engaged in 580 00:33:29,920 --> 00:33:32,120 Speaker 1: the process of your life. Whether it's a sports vehicle 581 00:33:32,240 --> 00:33:34,560 Speaker 1: or a team, or a movie or a television show, 582 00:33:35,200 --> 00:33:37,520 Speaker 1: this is your life. And so you want to be 583 00:33:38,560 --> 00:33:41,920 Speaker 1: interested in it, not just try to be interesting, but 584 00:33:42,080 --> 00:33:44,640 Speaker 1: interested in engaging in it. And I think that the 585 00:33:44,840 --> 00:33:47,640 Speaker 1: entertainment business, the business you're in and I'm in, where 586 00:33:47,680 --> 00:33:50,840 Speaker 1: we talk within two people and we and we and 587 00:33:50,960 --> 00:33:56,280 Speaker 1: we design our products to engage them emotionally. People love 588 00:33:56,400 --> 00:33:59,200 Speaker 1: that emotional transportation. That's where they love sports, that's where 589 00:33:59,200 --> 00:34:02,880 Speaker 1: they love movies. They love that emotional transportation. Nobody wants 590 00:34:02,920 --> 00:34:04,840 Speaker 1: to sit and listener seven and two, it's nine and 591 00:34:04,960 --> 00:34:07,840 Speaker 1: nine to eleven. This thing that the train came in 592 00:34:08,000 --> 00:34:11,320 Speaker 1: on time. They turned that station off they are engaged 593 00:34:11,520 --> 00:34:15,640 Speaker 1: in that process of being alive. And I think that's 594 00:34:15,640 --> 00:34:17,560 Speaker 1: what sports do, and I think that's what movies do. 595 00:34:17,760 --> 00:34:19,919 Speaker 1: That's why I like it so much, as it's it's 596 00:34:19,960 --> 00:34:23,240 Speaker 1: a testament to human beings and that we love the process. 597 00:34:23,320 --> 00:34:25,760 Speaker 1: We love winning and losing. There would be no winning, 598 00:34:25,760 --> 00:34:28,399 Speaker 1: wouldn't be a joy unless you face losing. There would 599 00:34:28,400 --> 00:34:31,120 Speaker 1: be no joy. If you want every single one, you 600 00:34:31,239 --> 00:34:33,440 Speaker 1: get bored. If you made every single movie was a hit, 601 00:34:33,640 --> 00:34:36,400 Speaker 1: you get bored. So the idea is you got to 602 00:34:36,440 --> 00:34:38,600 Speaker 1: cope with losing. You're gonna cope with winning. And if 603 00:34:38,640 --> 00:34:42,120 Speaker 1: you can't do that, yeah, you should go into do 604 00:34:42,200 --> 00:34:47,040 Speaker 1: you go work with Putin? You know it's like you can't. 605 00:34:47,280 --> 00:34:49,520 Speaker 1: You got to manage that. So that's the fun. I 606 00:34:49,600 --> 00:34:53,640 Speaker 1: look at it. People say to me, are you done 607 00:34:53,680 --> 00:34:56,680 Speaker 1: with movies? Should I stop now? Really? Should you stopped now? 608 00:34:56,800 --> 00:34:59,759 Speaker 1: You don't what you stopped now? We're all, you know, 609 00:35:00,200 --> 00:35:02,880 Speaker 1: we're all driven by different demons and different benefits. And 610 00:35:03,320 --> 00:35:05,440 Speaker 1: I look at it. I feel so lucky that I 611 00:35:05,520 --> 00:35:07,960 Speaker 1: can be here with you and known you a long 612 00:35:08,080 --> 00:35:11,720 Speaker 1: time and talk to you and and and I've listened 613 00:35:11,760 --> 00:35:14,960 Speaker 1: to you, and I enjoy it and you're you're an 614 00:35:15,040 --> 00:35:19,080 Speaker 1: irascible soul. You're you're always, You're always, You're always tweaking 615 00:35:19,160 --> 00:35:21,920 Speaker 1: the cat. You're always pulling the dog's tail. You're always 616 00:35:22,160 --> 00:35:25,640 Speaker 1: getting that animal to walk, you know, carefully by you. 617 00:35:25,920 --> 00:35:27,640 Speaker 1: So I like I like that. I like that. I 618 00:35:27,719 --> 00:35:29,520 Speaker 1: like being entertained by you. If you just gave me 619 00:35:29,600 --> 00:35:31,840 Speaker 1: the score of the game, I wouldn't ever turn you 620 00:35:32,000 --> 00:35:36,040 Speaker 1: on said they won five to two. Nobody cares. They 621 00:35:36,080 --> 00:35:40,560 Speaker 1: don't care how, why, what happened? What was the reason? 622 00:35:40,680 --> 00:35:42,040 Speaker 1: What do they do right? What do they do wrong? 623 00:35:42,640 --> 00:35:46,400 Speaker 1: You give it emotional transportation, you give it propulsion. And 624 00:35:46,560 --> 00:35:48,800 Speaker 1: that's the business you're in, And that's the business I'm in. 625 00:35:48,960 --> 00:35:51,520 Speaker 1: We like, you know, we like that engagement with our audiences. 626 00:35:51,920 --> 00:35:53,680 Speaker 1: We like people to say, no, I don't agree with you, 627 00:35:53,760 --> 00:35:55,440 Speaker 1: and this is the reason why you. Oh, that's not 628 00:35:55,520 --> 00:35:58,279 Speaker 1: a bad idea. So that's what you have to cope with. 629 00:35:58,920 --> 00:36:01,160 Speaker 1: So I like that. In the movie business, television business, 630 00:36:01,600 --> 00:36:05,520 Speaker 1: and sports business is super chide with that. It really, 631 00:36:06,400 --> 00:36:10,399 Speaker 1: it really is so. And that's the thing we chose. 632 00:36:11,400 --> 00:36:14,879 Speaker 1: Get back to Matt Damon and Ben Affleck. They're gonna say, Peter, 633 00:36:15,000 --> 00:36:16,800 Speaker 1: where'd you go? And you said, I'm talking to this 634 00:36:17,480 --> 00:36:20,719 Speaker 1: cowherd guy. He's really irascible, and they're like, oh yeah, 635 00:36:20,840 --> 00:36:23,720 Speaker 1: they're from Boston. They'll be like, yeah, he rooted against 636 00:36:23,760 --> 00:36:28,160 Speaker 1: the Celtics. What a pleasure, Peter, thank you so much. 637 00:36:28,239 --> 00:36:48,880 Speaker 1: Thank you the Volume. Make sure to check out the 638 00:36:49,000 --> 00:36:52,440 Speaker 1: dram On Green Show. I brought Draymond Green into the 639 00:36:52,520 --> 00:36:55,280 Speaker 1: Volume because one of the more entertaining voices in sports, 640 00:36:55,480 --> 00:36:59,879 Speaker 1: unique perspective understands behind the rope, also chops up with gas. 641 00:37:00,000 --> 00:37:03,520 Speaker 1: It's like Gary Peyton, Zach Lavine, Tracy McGrady. Make sure 642 00:37:03,800 --> 00:37:07,839 Speaker 1: download The Draymond Green Show wherever you get your podcasts, 643 00:37:08,040 --> 00:37:11,520 Speaker 1: only on the Volume podcast Network.