WEBVTT - Recognize And Seize The Opportunity 0:00:04.600 --> 0:00:07.680 So the big question is this, how do investors like 0:00:07.920 --> 0:00:11.800 us get access to the ideas, information, and most importantly, 0:00:12.039 --> 0:00:14.880 the right people that give us the tools of information 0:00:14.960 --> 0:00:19.000 we need to make informed and educated decisions to have success. 0:00:19.600 --> 0:00:22.319 That is the question, and this podcast will give us 0:00:22.400 --> 0:00:25.520 the answers. This is Mark Moss, your host. Let's get 0:00:25.520 --> 0:00:30.040 this started. Welcome to another episode of the Market Disruptors podcast. 0:00:30.080 --> 0:00:34.120 You know, we like to talk about disruptive companies, companies 0:00:34.120 --> 0:00:37.879 that are disrupting markets, technologies, but also people who are 0:00:37.920 --> 0:00:40.920 disrupting things. And today we're talking to someone a little 0:00:40.920 --> 0:00:43.960 bit differently. We are talking to Kenny Florian, who's a 0:00:44.080 --> 0:00:48.080 UFC legend um hopefully a potential Hall of Famer, and 0:00:48.320 --> 0:00:51.080 he is it was UFC fighter and was and is 0:00:51.120 --> 0:00:53.880 now also a UFC commentator. It's a little bit different, 0:00:53.920 --> 0:00:55.880 but you have to understand Um, he has been a 0:00:55.920 --> 0:00:59.480 disruptive person. He's been involved in the very beginning of things. 0:01:00.040 --> 0:01:01.720 UM seen them blow up and to be really big 0:01:01.760 --> 0:01:04.399 big things. Built his platform off of him. He's also 0:01:04.480 --> 0:01:07.480 been an investor for most of his life before he 0:01:07.560 --> 0:01:11.760 was a UFC fighter, and he's been involved in investing. 0:01:11.800 --> 0:01:13.640 He can tell you what it takes to become a champion, 0:01:14.080 --> 0:01:17.400 and he likes cryptocurrencies. So let's get right in. Let's 0:01:17.400 --> 0:01:23.440 talk to Kenny Florian. So we have Kenny Florian on 0:01:23.440 --> 0:01:26.920 on today. Uh, and he is known as being a fighter, 0:01:26.920 --> 0:01:29.280 he's known as being a commentator for UFC, among many 0:01:29.319 --> 0:01:32.240 other things. Um, he's been kind of at the forefront 0:01:32.280 --> 0:01:35.280 of a couple of things that have really changed the 0:01:35.319 --> 0:01:39.160 way that we view entertainment and whatnot. And he's a 0:01:39.160 --> 0:01:41.199 perfect guy to talk to you about disrupting markets because 0:01:41.200 --> 0:01:42.720 he's really been a piece of it, and so I 0:01:42.760 --> 0:01:47.400 wanted to have him on to talk about that. So Kenny, Uh, welcome, 0:01:48.400 --> 0:01:51.800 Thanks so much, man. I always enjoy your information on 0:01:51.880 --> 0:01:56.560 crypto and good good to be talking to great So, uh, 0:01:56.880 --> 0:01:59.080 I want to get into that. But you know, I 0:01:59.160 --> 0:02:01.440 know we're we're right around the same age. I think 0:02:01.440 --> 0:02:03.120 I got you by just a couple of years. But uh, 0:02:03.400 --> 0:02:05.600 so we I think we're old enough to have seen 0:02:05.720 --> 0:02:08.760 this massive shift that's really happened in our world, right. 0:02:08.960 --> 0:02:12.440 I mean we were both there before internet days, and UM, 0:02:12.680 --> 0:02:15.640 I really feel that we're just now really seeing the 0:02:15.720 --> 0:02:18.080 shift in our world from the Internet where where people 0:02:18.200 --> 0:02:21.120 you know, all this decentralization and information and whatnot. So 0:02:21.120 --> 0:02:23.440 so we're like young enough to kind of get it, 0:02:23.440 --> 0:02:26.440 but old enough to have that perspective, which is cool. Um. 0:02:26.480 --> 0:02:29.480 But you, uh, you you went down I know, you 0:02:29.480 --> 0:02:31.800 went to college and then you went into the UFC 0:02:31.880 --> 0:02:35.079 and started fighting. Tell me about that just a little bit. Yeah. So, Um, 0:02:35.240 --> 0:02:37.480 I was in Boston College. I did martial arts as 0:02:37.480 --> 0:02:41.000 a kid, and I was playing soccer there and uh 0:02:41.200 --> 0:02:44.200 found Brazilian jitsu while I was in college and be 0:02:44.320 --> 0:02:47.840 connected with martial arts and UM as I was playing 0:02:47.880 --> 0:02:50.400 soccer for for BC. You know, I just had I 0:02:50.400 --> 0:02:52.320 felt like I always had this mistress on my mind, 0:02:52.320 --> 0:02:56.000 which was martial arts and Brazilian jitsu specifically, and really 0:02:56.040 --> 0:02:59.079 just got very much into it. Um started competing in 0:02:59.120 --> 0:03:01.080 Brazilian jitsu and and back in the day, you know, 0:03:01.160 --> 0:03:05.639 people really had no idea of what Brazilian jiu jitsu is. UM. Now, 0:03:05.680 --> 0:03:08.600 I feel like, specifically in southern California, you see them. 0:03:08.800 --> 0:03:11.680 You see Brazilian Jet two academies everywhere nowadays, it seems. 0:03:11.720 --> 0:03:14.200 But back in the day, a lot of people didn't 0:03:14.240 --> 0:03:15.720 know what it was. And of course it was a 0:03:15.760 --> 0:03:18.840 grappling yard and it came into prominence because of the 0:03:19.400 --> 0:03:22.440 Ultimate Fighting Championship and the Gracie family and their success 0:03:22.480 --> 0:03:27.000 in the UFC, and ultimately the UFC became um more 0:03:27.080 --> 0:03:31.160 about not what martial arts discipline was the best, but 0:03:31.800 --> 0:03:35.600 UM basically there was the idea that you need to 0:03:35.680 --> 0:03:39.280 do know everything, you need to be good at kickboxing 0:03:39.360 --> 0:03:42.480 and wrestling and Brazilian jiu jitsu and and that kind 0:03:42.480 --> 0:03:45.640 of morphed into something completely different. And ultimately, as I 0:03:45.680 --> 0:03:47.440 was competing in Brazilian jiuit, so I said, you know, 0:03:48.320 --> 0:03:50.880 the tough test is really how I would do against 0:03:51.280 --> 0:03:54.320 another train mixed martial arts fighter. How would I do 0:03:54.400 --> 0:03:58.000 against a skilled UH fighter who kind of knew everything? 0:03:58.040 --> 0:04:01.240 And I didn't really want to learn kickboxing the other stuff. 0:04:01.240 --> 0:04:03.200 It was more of a test of my Brazilian jude 0:04:03.320 --> 0:04:06.600 in the beginning. And UM, one fight led to another 0:04:06.640 --> 0:04:10.400 fight and another fight, and UM, I found myself on 0:04:10.440 --> 0:04:13.600 the Ultimate Fighter Season one. UM I was asked to 0:04:13.640 --> 0:04:16.280 do that. I was the least experienced person on there. 0:04:16.920 --> 0:04:20.400 UM and UH ultimately you know, made it to the 0:04:20.440 --> 0:04:23.120 final and was offered a contract with the UFC. And 0:04:23.600 --> 0:04:26.359 you know, for me, like in my family, you know, 0:04:26.400 --> 0:04:29.360 my my father is a physician, and he expected me 0:04:29.400 --> 0:04:32.080 to go to law school after graduating from Boston College. 0:04:32.080 --> 0:04:34.240 It was like, wait, what are you doing there? How 0:04:34.279 --> 0:04:36.560 are you gonna try to make money doing martial arts? 0:04:36.600 --> 0:04:39.680 And now you're gonna fight in the cage? Are you crazy? 0:04:39.800 --> 0:04:42.560 So it was kind of a bit of leap of 0:04:42.600 --> 0:04:46.040 faith because back then you really couldn't do that well. 0:04:46.080 --> 0:04:48.719 You know, it wasn't really a big time professional sport 0:04:48.760 --> 0:04:51.720 back then. And um, you know, I was lucky enough 0:04:51.800 --> 0:04:54.640 that I did well. And of course the UFC kind 0:04:54.680 --> 0:04:57.760 of blew up, you know, around that that same time, 0:04:57.800 --> 0:05:00.360 and um, I think in large part two to the 0:05:00.400 --> 0:05:03.680 reality show and it brought in a whole new audience 0:05:03.720 --> 0:05:07.000 of fans, and um, it's uh, it was. It was 0:05:07.040 --> 0:05:10.960 a crazy trip. So, um, you know, I want to 0:05:10.960 --> 0:05:12.840 talk about that just a little bit. So you know, 0:05:13.160 --> 0:05:17.240 you it did blow up at the time. Um did 0:05:17.279 --> 0:05:19.200 you did you see the future there? Right? So I 0:05:19.200 --> 0:05:21.640 want to like get this perspective for people because we 0:05:21.680 --> 0:05:24.760 have as investors, we suffer from normalcy bias where we 0:05:24.800 --> 0:05:27.280 think like, whatever is happening today will always continue to 0:05:27.320 --> 0:05:29.359 be that way. And that's why people didn't see the 0:05:29.360 --> 0:05:32.120 Internet when it was coming in. People today doubt cryptocurrencies 0:05:32.160 --> 0:05:34.560 because we can't see past that. So I'm just curious 0:05:34.800 --> 0:05:37.320 when the UFC first started and I remember those early days. 0:05:37.480 --> 0:05:39.480 Did you see that or did you just get kind 0:05:39.520 --> 0:05:42.880 of lucky? You know? I think a little bit of both. Um. 0:05:43.120 --> 0:05:47.400 I definitely saw the potential in it, UM. And I 0:05:47.440 --> 0:05:52.000 saw that boxing was kind of dying out a little bit. UM. 0:05:52.200 --> 0:05:54.640 And I just thought that mixed martial arts was a 0:05:54.720 --> 0:05:57.119 very exciting thing. And I'm I'm the kind of person 0:05:57.160 --> 0:06:01.279 that tends to be um let by my passion and 0:06:01.320 --> 0:06:04.760 also the passion of other people. And UM, when I 0:06:04.839 --> 0:06:07.160 saw this sport, I knew it had a lot of potential. 0:06:07.200 --> 0:06:09.080 I wasn't sure if we were going to be able 0:06:09.120 --> 0:06:11.800 to pull it off, um, but they did. I think 0:06:11.839 --> 0:06:14.080 they made a lot of great business decisions over the 0:06:14.160 --> 0:06:17.799 years of getting the right TV deals and uh marketing 0:06:18.160 --> 0:06:21.599 uh it and the fighters in the right way, and um, 0:06:21.640 --> 0:06:24.799 you know, it was able to become a huge success. 0:06:24.839 --> 0:06:27.920 You know. I think that the the UFC was purchased 0:06:28.520 --> 0:06:31.040 by the Fatida brothers, who are these casino owners back 0:06:31.080 --> 0:06:33.920 in the day, I think for like two million dollars, 0:06:34.480 --> 0:06:38.000 and they recently sold a few years ago to w 0:06:38.320 --> 0:06:41.160 M E I M g uh for four point two 0:06:41.200 --> 0:06:44.920 billion dollars. So I mean quite quite an amazing turnaround. 0:06:45.000 --> 0:06:47.960 And you know I was lucky enough to be a 0:06:48.000 --> 0:06:49.960 part of them. Yeah. So that's one thing that I 0:06:50.000 --> 0:06:52.080 talked about a lot, which is, you know, these things 0:06:52.120 --> 0:06:54.320 that come around that are disruptive, they kind of killed 0:06:54.400 --> 0:06:56.280 the old way and bring in a new way, and 0:06:56.320 --> 0:06:58.479 if you can catch them soon enough, then you have 0:06:58.560 --> 0:07:01.080 this huge opportunity. So, like you said, the Rito brothers 0:07:01.120 --> 0:07:03.400 did right. They saw this, they believed in the future, 0:07:03.440 --> 0:07:05.560 they made that future come real and they went from 0:07:05.600 --> 0:07:08.360 two million to four billion. But even you and I 0:07:08.400 --> 0:07:10.280 talked about this a lot where we don't have to 0:07:10.360 --> 0:07:12.320 invent anything, we don't have to create anything. We can 0:07:12.360 --> 0:07:13.840 just be in the right place at the right time, 0:07:14.400 --> 0:07:16.600 believe in it enough to hitch our wagon. And that's 0:07:16.640 --> 0:07:18.560 kind of what you did in a sense where you 0:07:18.640 --> 0:07:20.640 didn't you didn't invent it, you didn't create you weren't 0:07:20.640 --> 0:07:22.640 even pushing it, but you did see the opportunity you 0:07:22.640 --> 0:07:24.720 did jump in, and you've built a career out of it. 0:07:25.360 --> 0:07:28.120 Absolutely uh. And and then you know, of course that 0:07:28.200 --> 0:07:32.200 led to you know, me doing commentary and hosting you know, 0:07:32.400 --> 0:07:35.960 various UFC shows over the years, and um, it really 0:07:36.000 --> 0:07:40.160 has become quite quite an impressive monster. Yeah, it's great. 0:07:40.200 --> 0:07:42.200 And and so I just think, you know a lot 0:07:42.240 --> 0:07:44.720 of times people get um, you know, may maybe they 0:07:44.760 --> 0:07:48.080 get overwhelmed or confused. They don't really understand, uh, you know, 0:07:48.120 --> 0:07:50.400 these opportunities are investing and things like that, but really 0:07:50.400 --> 0:07:53.440 it's just life and it's really just about seeing opportunities, 0:07:53.480 --> 0:07:56.720 seizing opportunities, believing in the future, pushing the future, etcetera. 0:07:56.920 --> 0:07:59.600 So I like that. Now, I know through your career 0:07:59.680 --> 0:08:01.480 like that. I'm a fan, and I know you were 0:08:01.840 --> 0:08:03.680 one of the maybe kind of known for being one 0:08:03.720 --> 0:08:06.760 of the smarter fighters, but you kind of really had 0:08:06.800 --> 0:08:10.560 good game plans and pick that. Um. So I guess 0:08:10.560 --> 0:08:13.120 maybe that leads to you seeing those opportunities and kind 0:08:13.120 --> 0:08:16.760 of seeing that I hope. So, you know, I think, um, 0:08:17.800 --> 0:08:20.640 I think it's it's important to kind of be able 0:08:20.720 --> 0:08:23.280 to look ahead a little bit and also try to 0:08:23.920 --> 0:08:26.280 do what other people aren't doing or what the majority 0:08:26.920 --> 0:08:30.720 aren't doing. I think that that's super important, not only 0:08:30.760 --> 0:08:33.280 for investment, but I think in a lot of different fields. 0:08:33.320 --> 0:08:36.200 I think if you want to be successful, Um, you 0:08:36.280 --> 0:08:40.360 have to understand that things are evolving around us all 0:08:40.440 --> 0:08:43.760 the time, and if you get onto something a little 0:08:43.800 --> 0:08:46.839 bit too late, you can miss it completely. And if 0:08:46.880 --> 0:08:50.200 you have a certain passionate interest in that field, why 0:08:50.240 --> 0:08:53.000 not you know, try to lead the way and look 0:08:53.040 --> 0:08:55.440 for things that are a little bit different than whatever 0:08:55.480 --> 0:08:58.360 other people are doing. Um. You know, in the hopes 0:08:58.440 --> 0:09:01.160 that it's going to turn into something special. And I 0:09:01.200 --> 0:09:03.319 think I've always looked to try to do that. I've 0:09:03.360 --> 0:09:07.120 always looked to try to get into things that, um, 0:09:07.160 --> 0:09:10.640 I find is interesting, getting the things that I'm passionate about, 0:09:11.200 --> 0:09:14.800 um and uh, and try to try to do things 0:09:14.880 --> 0:09:18.480 a little bit differently than than what the majority is doing. Yeah, 0:09:18.480 --> 0:09:20.320 and I want to find out what those things are. 0:09:20.320 --> 0:09:22.720 But I want to ask you first, UM. You know, 0:09:23.080 --> 0:09:25.839 a lot of people see these opportunities, but they don't. 0:09:26.679 --> 0:09:28.560 We all want it to be like this big mystery 0:09:28.559 --> 0:09:30.560 that if I can figure out, everything comes easy. But 0:09:30.600 --> 0:09:33.120 I always say that the truth is it's actually pretty simple, 0:09:33.160 --> 0:09:35.000 but it's hard to do because it's hard work. Right. 0:09:35.280 --> 0:09:37.800 So obviously to achieve the level of success you've done, 0:09:37.840 --> 0:09:39.600 you've put in a lot of hard work. You've had 0:09:39.640 --> 0:09:43.199 to overcome a lot of adversity and whatnot. Tell me 0:09:43.240 --> 0:09:45.920 a little bit about the mindset that you've had to 0:09:45.960 --> 0:09:48.079 have in the commitment you've had to have in order 0:09:48.120 --> 0:09:51.960 to achieve that success, you know, I'm I think it's 0:09:52.080 --> 0:09:56.160 very important to have UM good mentors around you. I 0:09:56.160 --> 0:10:00.080 think that's extremely important. I think that, you know, in 0:10:00.120 --> 0:10:02.760 the martial arts world or in a lot of different worlds. 0:10:02.840 --> 0:10:05.280 You know, we we were only standing on the shoulders 0:10:05.280 --> 0:10:08.000 of giants, and but at the same time we have 0:10:08.160 --> 0:10:10.959 to look to try to make those things better and 0:10:11.280 --> 0:10:14.720 try to see what other people aren't seeing or try 0:10:14.800 --> 0:10:20.280 to look for um perhaps say a deeper perspective on 0:10:20.360 --> 0:10:23.840 what's going on, and UM try to bring new things 0:10:23.880 --> 0:10:26.000 to to the space as well. And I think that 0:10:26.080 --> 0:10:29.160 was always what I tried to do, is bring techniques 0:10:29.200 --> 0:10:32.960 and training regiments and UM different things that definitely worked 0:10:33.040 --> 0:10:36.280 for me specifically, but always try to do things that 0:10:36.559 --> 0:10:39.400 very few people were doing at the time. So I 0:10:39.440 --> 0:10:42.320 was always willing to take those risks and sometimes it 0:10:42.360 --> 0:10:44.360 worked out, but for the majority of the time it 0:10:44.440 --> 0:10:47.560 always worked out. You know, it worked out more often 0:10:47.600 --> 0:10:50.200 than it didn't. And I think you we have to 0:10:50.240 --> 0:10:54.320 be willing to um, have that mindset of having a 0:10:54.320 --> 0:10:57.040 little bit of faith both in ourselves and in the 0:10:57.080 --> 0:11:00.920 space that we're in, UM, and and be able to 0:11:00.960 --> 0:11:04.080 work hard to to prove ourselves. Right. UM. I think 0:11:04.120 --> 0:11:08.120 that's that's super important no matter what we're doing. Yeah, 0:11:08.120 --> 0:11:10.680 that's great. Um. Yeah. So I just you know, I 0:11:10.679 --> 0:11:12.920 see a lot of people. They want this better life, 0:11:12.960 --> 0:11:14.480 They dream of this better life. They want to be 0:11:14.520 --> 0:11:16.320 a better investor, they want to know what to invest into, 0:11:16.360 --> 0:11:18.360 but they don't want to put the time in. And 0:11:18.440 --> 0:11:21.280 that's that was kind of what I was asking about, Like, UM, 0:11:21.320 --> 0:11:23.640 you know, it's simple, but it's not easy. You mean, 0:11:23.679 --> 0:11:25.280 and you have to put the work in. It's easy, 0:11:25.400 --> 0:11:27.719 you know what to do, you just have to do it. Um. 0:11:27.760 --> 0:11:30.199 And So, like you said, you were kind of reinventing yourself. 0:11:30.240 --> 0:11:32.200 And I would imagine, you know, you're learning this new 0:11:32.240 --> 0:11:34.400 technique that feels very foreign to you. But after you 0:11:34.440 --> 0:11:36.880 do it enough, it starts to feel comfortable. You're You're 0:11:36.880 --> 0:11:39.720 okay having those failures, knowing that's part of it because 0:11:39.760 --> 0:11:43.440 you know ultimately will achieve that that success right absolutely, 0:11:43.520 --> 0:11:46.040 And and again, like you said, putting in the time 0:11:46.120 --> 0:11:49.840 and the effort you know, every single day doing again, 0:11:49.920 --> 0:11:53.560 doing more, doing more than everyone, putting in more time, 0:11:53.760 --> 0:11:57.680 putting in more of your creative mind into the process 0:11:57.720 --> 0:12:00.920 as well, that there's a true end this amount of 0:12:01.520 --> 0:12:04.480 work ethic that is needed. But it's not only work ethic. 0:12:04.559 --> 0:12:08.280 I think it's uh using your mind to be creative, 0:12:08.600 --> 0:12:12.840 using your focus, being as present as possible, to learn 0:12:12.880 --> 0:12:16.080 from those experiences and uh and be able to adjust 0:12:16.080 --> 0:12:20.320 and adapt I think is huge. Yeah, yeah, definitely, it's great. Yeah, 0:12:20.360 --> 0:12:22.480 I love it. I just always just always just try 0:12:22.520 --> 0:12:25.040 and reinforce that, like you have to put the time 0:12:25.080 --> 0:12:26.000 and you have to put the work in. So I 0:12:26.000 --> 0:12:29.000 appreciate you saying that. Now. UM, I know another project 0:12:29.000 --> 0:12:30.079 you've been on for a couple of years is this 0:12:30.160 --> 0:12:35.839 Battle Bots. Um, I uh just kind of curious about that. Um. 0:12:35.880 --> 0:12:37.719 I think it's it's kind of more just kind of 0:12:37.760 --> 0:12:40.280 like a fun show. What do you think about that? 0:12:40.360 --> 0:12:42.840 What do you think about robots being in the future. 0:12:42.880 --> 0:12:44.679 I know with AI and stuff, it's really start to 0:12:44.720 --> 0:12:47.080 take off, But what do you think about that? Yeah, 0:12:47.120 --> 0:12:50.199 it's impressive. You know, I think I've always been fascinated 0:12:50.240 --> 0:12:52.920 with all forms of combat, and you know, we have 0:12:53.120 --> 0:12:55.280 these engineers that are part of battle Bots that are 0:12:55.320 --> 0:12:57.040 some of the best in the world. Guys that are 0:12:57.080 --> 0:13:00.720 working for UH, you know, the Jet Propulsion law UH 0:13:00.720 --> 0:13:05.800 in Pasadena, were the guys from NASA, various engineers from 0:13:05.840 --> 0:13:09.640 from all over the world, Brazil, Europe, the United States, 0:13:09.679 --> 0:13:12.920 and you know, as a part of their job, you know, 0:13:13.280 --> 0:13:16.520 they are doing engineering in various aspects. But I think 0:13:16.760 --> 0:13:19.520 these guys have a lot of fun putting that aside 0:13:19.640 --> 0:13:22.760 and using engineering for something fun like combat. And they 0:13:22.800 --> 0:13:25.520 built you know, these robots that are up to two 0:13:26.000 --> 0:13:29.800 fifty pounds UH. And they come in with various tactics 0:13:29.800 --> 0:13:33.320 and various weapons and various styles of um how they 0:13:33.360 --> 0:13:37.400 put it together. UM. And you know it's kind of 0:13:37.440 --> 0:13:41.280 this Uh. It's been around, I guess since the nineties, 0:13:41.320 --> 0:13:45.400 but the reboot of battle Bots kind of happened, I guess, 0:13:45.679 --> 0:13:50.080 um what two thousand fifteen or so. UM. And we 0:13:50.080 --> 0:13:54.400 were originally on ABC, now we're on Discovery Channel, and UM, yeah, 0:13:54.400 --> 0:13:56.800 I remember watching it, uh, you know in the late 0:13:56.880 --> 0:13:59.680 nineties and early two thousands and being fascinated with it. 0:13:59.720 --> 0:14:02.560 And you see how how far the robots have come, 0:14:02.640 --> 0:14:04.480 both in the materials that they use and the kind 0:14:04.520 --> 0:14:07.440 of weapons that they use, and every year you see 0:14:07.480 --> 0:14:11.200 these teams step it up. Um, and just seeing that 0:14:11.280 --> 0:14:14.000 evolution is something that I've always been fascinated with of 0:14:14.320 --> 0:14:17.360 how these how the how these teams are learning from 0:14:17.360 --> 0:14:21.280 their experiences and adapting and getting better. Um. The ones 0:14:21.320 --> 0:14:23.920 that don't, they're not doing too well, they die off. 0:14:24.000 --> 0:14:26.840 The ones that are that are taking to this new technology, 0:14:27.200 --> 0:14:30.720 taking the risks, um, but not maybe going too far 0:14:31.480 --> 0:14:34.000 with the technology, are the ones that are always doing 0:14:34.040 --> 0:14:38.120 extremely well, the ones that are making those small improvements. Um. 0:14:38.360 --> 0:14:42.400 And it's it's been fun just meeting the teams and 0:14:42.400 --> 0:14:45.640 and seeing how they how they evolve and get better. 0:14:45.720 --> 0:14:47.800 It's just a lot of fun. And the fights have 0:14:47.880 --> 0:14:51.840 been obviously very entertaining as well. Yeah. Now, um, when 0:14:51.880 --> 0:14:54.920 you went to college, what did you what was your major? Um? 0:14:54.960 --> 0:14:57.640 You know, I started off of political science and then 0:14:57.720 --> 0:15:02.080 moved into communications. Uh. Um. So my my plan was 0:15:02.080 --> 0:15:04.560 originally I was part of the pre law program. My 0:15:04.560 --> 0:15:07.800 my goal was to ultimately go to law school, and 0:15:07.840 --> 0:15:11.440 obviously that change. I went to a different kind of school. 0:15:11.560 --> 0:15:15.080 Uh fighting in a cage. But um, yeah, that's that's 0:15:15.120 --> 0:15:20.520 that's what I majored in. Alright, good now. Um, Obviously 0:15:20.560 --> 0:15:22.840 most people know we talked about investing, and so I 0:15:23.080 --> 0:15:25.120 want to I want to kind of transition into that. UM. 0:15:25.160 --> 0:15:27.480 Like I said before, though, I think there's lessons that 0:15:27.520 --> 0:15:29.720 we get from all areas of life that really pile 0:15:29.800 --> 0:15:32.680 into this UM. I have two young girls. My ten 0:15:32.760 --> 0:15:35.720 year old does jiu jitsu. Talking about how in southern 0:15:35.720 --> 0:15:37.440 California everybody seems to do it right, So my ten 0:15:37.480 --> 0:15:38.960 year old daughter does jud's been doing it for a 0:15:39.000 --> 0:15:41.440 couple of years now, competes a little bit here and there. Uh. 0:15:41.520 --> 0:15:44.880 I have an older daughter who's a competitive surfer, and 0:15:44.880 --> 0:15:46.960 I always tell them like, like, look, it's not about 0:15:47.040 --> 0:15:49.680 the sport. This is about life, right, These are the 0:15:49.680 --> 0:15:51.440 things that you're learning for life. So I like to 0:15:51.480 --> 0:15:54.840 I like to draw those comparisons. That's cool, But um, 0:15:55.000 --> 0:15:58.480 knowing that you're a smarter guy, college educated, you've really 0:15:58.520 --> 0:16:01.840 managed to build yourself a nice career. Obviously you you 0:16:01.920 --> 0:16:05.160 we kind of connected to the cryptocurrency space, um, before 0:16:05.200 --> 0:16:08.160 we jumped right into crypto, Like, how do you view 0:16:08.400 --> 0:16:11.120 just investing in general, that stuff that you've like dabbled in. 0:16:11.200 --> 0:16:14.120 You bought a house, you've you've put money away into stocks, 0:16:14.120 --> 0:16:16.240 like what's you just overall viewpoint and kind of where 0:16:16.280 --> 0:16:19.240 you're out with that for sure. You know I've always um, 0:16:19.320 --> 0:16:22.960 I guess my first kind of investments happened pretty early 0:16:22.960 --> 0:16:25.600 in my early twenties. Um, and it was mainly in 0:16:25.680 --> 0:16:29.280 real estate of just started small by you know, buying 0:16:29.320 --> 0:16:32.800 the condo pretty early on and creating value off of 0:16:32.840 --> 0:16:35.280 that and going into you know what I thought was 0:16:35.920 --> 0:16:39.000 um and my uh, you know, immature mind at the time, 0:16:39.200 --> 0:16:41.120 you know, getting into the best market that I could 0:16:41.160 --> 0:16:44.160 find in good towns and good cities, and um, you know, 0:16:44.640 --> 0:16:48.040 later selling that and and turning that into profits and 0:16:48.080 --> 0:16:50.360 things like that. So I real estate was kind of 0:16:50.400 --> 0:16:54.240 my first foray into investing, I guess you could say. Um. 0:16:54.360 --> 0:16:56.920 And later on, you know, when I started making money 0:16:56.920 --> 0:17:00.280 in my fighting career, UM, you know, I started putting 0:17:00.280 --> 0:17:03.720 money away from retirement. UM. And you know the various 0:17:03.760 --> 0:17:07.040 four one K plans that I had, so I have, um, 0:17:07.080 --> 0:17:11.399 you know, a retirement plan where I invest through Vanguard 0:17:11.440 --> 0:17:17.399 and UM. I also UM, let's see, uh, I didn't 0:17:17.400 --> 0:17:25.040 really invest in new businesses per sally, but UM yeah, yeah, exactly. 0:17:25.200 --> 0:17:27.320 I only invested in in kind of things that I 0:17:27.400 --> 0:17:30.399 knew and that I was involved in. So I have 0:17:30.560 --> 0:17:33.160 a I have a gym called Florida Martial Arts Center 0:17:33.160 --> 0:17:35.920 in Boston with my brother Keith, and I own a 0:17:36.000 --> 0:17:40.320 gym um here in Brentwood, California, um uh called Maraakei 0:17:40.359 --> 0:17:44.960 Brazilian jiu jitsu. So um. You know, I've kind of 0:17:45.040 --> 0:17:47.560 always tried to stick to what I know the best 0:17:47.560 --> 0:17:50.399 that I can. I think crypto was really something that 0:17:50.480 --> 0:17:53.040 was very foreign to me, but it was very interesting 0:17:53.560 --> 0:17:56.040 and I probably came into that space maybe about three 0:17:56.160 --> 0:18:00.440 or four years ago. Um and um, yes, so I 0:18:00.640 --> 0:18:03.240 kind of have my he has a lot of different 0:18:03.400 --> 0:18:08.400 uh uh pots. But uh no, that's super great and 0:18:08.400 --> 0:18:10.320 and I love to hear that because that's what I 0:18:10.359 --> 0:18:13.800 always recommend. I got my started in real estate as well. Um, 0:18:13.880 --> 0:18:15.000 and I had a friend that was doing I was 0:18:15.040 --> 0:18:16.560 eighteen year old. I didn't even know what I was doing. 0:18:16.600 --> 0:18:20.040 I jumped in. Um. But you know, I'm spread across 0:18:20.080 --> 0:18:22.280 like that as well. And I believe the key to 0:18:22.400 --> 0:18:26.080 success with investing is allocating your assets across multiple things. 0:18:26.200 --> 0:18:28.520 I didn't know much. I got in when I was eighteen, 0:18:28.880 --> 0:18:30.879 and I had like a ten year bowl running real 0:18:30.960 --> 0:18:32.639 estate and then in. When the market crash in two 0:18:32.640 --> 0:18:34.560 thousand and eight, I lost everything because I was just 0:18:34.600 --> 0:18:37.080 all in real estate. I didn't understand it. Uh, now 0:18:37.280 --> 0:18:39.199 you know, I'm spread across different things, so when the 0:18:39.200 --> 0:18:42.120 markets move, I can benefit from that. Now. I do 0:18:42.200 --> 0:18:45.840 believe that cryptocurrencies are the best opportunity that we have today, 0:18:45.960 --> 0:18:48.160 and I believe it's probably the best opportunity will ever 0:18:48.200 --> 0:18:51.680 have in our life. Um. That being said, it's still risky. 0:18:52.040 --> 0:18:54.040 So I'm not a hundred percent in, right, I put 0:18:54.600 --> 0:18:57.199 a percentage of my portfolio and um, and and so 0:18:57.240 --> 0:18:59.840 I do things like that so I can I can 0:19:00.000 --> 0:19:02.639 benefit from the upside without putting my whole life at 0:19:02.760 --> 0:19:06.800 risk over it. Right, But you talked about like private businesses, 0:19:06.840 --> 0:19:08.720 So you started a couple of businesses, which is an 0:19:08.760 --> 0:19:10.960 amazing place to invest. This one of my favorite. I 0:19:11.000 --> 0:19:13.600 invest in my businesses. Lots of businesses like that and 0:19:13.640 --> 0:19:15.600 other things. So that's really good. Now you've been in 0:19:15.640 --> 0:19:18.359 cryptos for a couple of years now, which which makes 0:19:18.359 --> 0:19:20.879 you kind of old in the space now at this point. Right, 0:19:21.160 --> 0:19:23.200 So you've been through, Uh, you've been through the kind 0:19:23.200 --> 0:19:26.280 of run up. You saw the big crash. You're still around. 0:19:26.480 --> 0:19:29.480 Why are you still around. I'm still around, you know. 0:19:29.520 --> 0:19:31.560 I I still believe in it, you know, I think that, 0:19:32.760 --> 0:19:35.920 you know, I've kind of come from the place where 0:19:35.960 --> 0:19:39.399 I believe that, Um, most of us don't know what 0:19:39.440 --> 0:19:43.639 the hell we're doing. You're gotta have to have a 0:19:43.720 --> 0:19:45.879 belief in yourself at the end of the day and 0:19:45.920 --> 0:19:47.720 what you think is going to work out, and you 0:19:47.800 --> 0:19:50.480 have to have a certain amount of faith. And I 0:19:50.480 --> 0:19:53.919 I feel like people still don't understand the benefits of 0:19:53.960 --> 0:19:56.760 crypto and they kind of just go off what the 0:19:56.800 --> 0:19:59.880 media is saying and just repeating a lot of being 0:20:00.080 --> 0:20:03.560 statements and um, you know again, and like you said, 0:20:03.600 --> 0:20:06.760 who knows, you know, maybe it fails, but honestly, there's 0:20:06.800 --> 0:20:10.520 something extremely valuable there whether it fails or not. There's 0:20:10.560 --> 0:20:15.080 tremendous value um in in in crypto and and things 0:20:15.080 --> 0:20:19.320 like bitcoin and it's potential. Um And tell me, tell 0:20:19.320 --> 0:20:22.680 me what you think about bitcoin specifically, what what what 0:20:22.680 --> 0:20:25.199 what do you see as the big killer app or 0:20:25.240 --> 0:20:28.159