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Speaker 1: Coach, the energy out there felt different. What changed for

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Speaker 1: the team today?

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Speaker 2: It was the new game day scratches from the California

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Speaker 2: Lottery players.

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Speaker 3: Everything.

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Speaker 2: Those games sent the team's energy through the roof.

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Speaker 1: Are you saying it was the off field play that

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Speaker 1: made the difference on the field.

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Speaker 2: Hey, little play makes your day, and today it made

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Speaker 2: the game.

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Speaker 4: That's all for now, coach, one more question play the

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Speaker 4: new Los Angeles Chargers, San Francisco forty nine ers and

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Speaker 4: Los Angeles Ram scratchers from the California Lottery. A little

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Speaker 4: play can make your day. Peace made responsibily. Must be

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Speaker 4: eighteen years or older to purchase late or claim.

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Speaker 5: All right, guys, welcome back to eyl stated the union

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Speaker 5: episode like that, Yeah, we had to spice it up

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Speaker 5: a little bit once again. If you're a loyal listening

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Speaker 5: to earn your lisia. You know how we started the show.

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Speaker 5: It was just me and Troy, no guests, and you know,

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Speaker 5: people always asked for that, and we did another episode

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Speaker 5: which just us two months ago. I got a good reaction.

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Speaker 5: So this is something that we're going to try to

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Speaker 5: do at least once a month more.

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Speaker 6: Well, there's a lot going on and like people want

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Speaker 6: to know our opinion. They want us to break down

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Speaker 6: these things.

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Speaker 5: So yeah, so it's a couple of different models that

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Speaker 5: we have, Like for the shows. Like some some shows

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Speaker 5: is we bring guests on and they break down their

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Speaker 5: energry like a how to like the mobile homes or

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Speaker 5: vending machines.

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Speaker 3: Like a house I just want to say machine.

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Speaker 5: Then you got stories entertainment ones like Nick Storm, Kenny

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Speaker 5: Burns where they like tell their their journeys and business.

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Speaker 5: And then you have some some shows. But just us,

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Speaker 5: we we're like commentators. It's like it's like commentators of

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Speaker 5: what's going on, trending topics, business case studies, things of

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Speaker 5: that nature, and we, you know, we give our take

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Speaker 5: on and we can't just break it down and laming

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Speaker 5: terms for everybody to understand.

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Speaker 6: That's that seems to be like the formula for us

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Speaker 6: in the beginning, right, it was like, Yo, get these things,

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Speaker 6: these ideas from what's happening in the world and break

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Speaker 6: it down to our audience.

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Speaker 3: Man. So we're going to do that for all to day.

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Speaker 5: Yeah, that's what we're gonna do. So before we start

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Speaker 5: Philadelphia got about ten days left. It's crazy. I ain't

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Speaker 5: gonna sit here a lot of the live podcast. We

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Speaker 5: got Wallowed two six seven, Big Business near Mayah Davis

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Speaker 5: and just added just added special alert.

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Speaker 3: Yeah, yes, yes, the legend.

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Speaker 5: Himself, John Henry, John Henry, Venture Capitalist, all star media

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Speaker 5: guru everything. If you checked out John Henry's episode, you know,

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Speaker 5: like this, this dude is really just special genius.

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Speaker 3: He's special man, twenty seven years old.

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Speaker 5: He hit me up. He hit me up like y'all

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Speaker 5: heard y'all coming to Philly. And you know he does

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Speaker 5: a lot of work in Pennsylvania.

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Speaker 3: He's got some real estate stuff on.

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Speaker 5: So he's like, y'all would love to be a part,

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Speaker 5: and I'm like, let's do it. So John Henry will

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Speaker 5: be in the building. And then the live podcast is

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Speaker 5: also catered, yeah, open bar, and it's a private networking

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Speaker 5: event too, So that's dope too because it's like that

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Speaker 5: networking is just powerful, Like look how many people that's

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Speaker 5: on the podcast, and then Wall Street Trapper is going

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Speaker 5: to be there, and the mortgage a bunch of credit

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Speaker 5: solutions to Beam and business all of us. It's gonna

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Speaker 5: be crazy.

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Speaker 6: You know, when you was doing the live with Neomia Davis,

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Speaker 6: he was like, yo, people, are talking about the cost,

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Speaker 6: and he was like, Yo, what is it going to

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Speaker 6: cost you? If you're not in that room? Think about that.

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Speaker 6: When he said that, I was like, damn, that's powerful.

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Speaker 5: Now it's gonna be a whole vibework. Then the next day,

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Speaker 5: the fifteenth of March, we have the workshop with a

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Speaker 5: Tea Blair and I used to show that everybody's asked for.

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Speaker 5: I used to show the real estate. Alex good Energy

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Speaker 5: is going to talk about trucking industry and because if

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Speaker 5: Edwards is going to be talking about vending machines and

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Speaker 5: everything you need to know about everybody.

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Speaker 3: Everybody's been calling about that episode.

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Speaker 5: Yeah, episode is on fire. So yeah man, all of

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Speaker 5: the information is on our website e y L experience

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Speaker 5: dot com. Eyl experience dot com. Go check it out.

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Speaker 5: And yeah, man, we love to see everybody turned out.

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Speaker 5: So Philadelphia, man, we can't wait to see the whole team.

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Speaker 5: Won't be there too, y'all for sure. So we're gonna

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Speaker 5: jump right into it. The first topic that we're going

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Speaker 5: to talk about is the coronavirus.

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Speaker 3: Serious one man.

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Speaker 5: Yeah, first and foremost, rest in peace to anybody. I

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Speaker 5: think it's sixty four people. So far that have passed

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Speaker 5: away from the coronavirus and anyone that's been effected get

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Speaker 5: well soon. Yeah, because we're gonna talk about the business side,

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Speaker 5: but even obviously bigger than business is health health.

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Speaker 3: Yeah, and you want to you know.

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Speaker 5: We can't take that light like it's a serious virus.

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Speaker 3: Yeah, I think people get confused with that.

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Speaker 6: They're like, I think people just unaware of what it is, right,

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Speaker 6: So it's like they just hear it on the news

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Speaker 6: and then it's completely oblivious to how it works and

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Speaker 6: what it does to the body.

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Speaker 3: So hopefully we're going to shed some light on.

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Speaker 5: That, yeah, for sure. So, yes, the coronavirus started in

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Speaker 5: Asia and China.

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Speaker 3: I believe Muhan Muhan China.

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Speaker 5: Yeah, a few months back, and it's just spread all

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Speaker 5: over the world. Now, sixty four cases in America last

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Speaker 5: time I checked eighty five thousand cases across the world world.

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Speaker 6: Why so they're saying that it's a global crisis right now,

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Speaker 6: So we have epidemics and pandemics, right. Epidemic meaning that

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Speaker 6: it is something that is taking over a localized area, right,

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Speaker 6: and then it may spread to a few communities, and

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Speaker 6: then we turned in to a pandemic. It's like worldwide

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Speaker 6: where it goes from one continent to the next. So

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Speaker 6: they're saying not yet according to the CDC, not a pandemic,

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Speaker 6: but a global crisis.

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Speaker 5: Yeah, it's it's serious. And I was just traveling a

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Speaker 5: few different countries and went to Toronto and connected fight in Toronto,

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Speaker 5: and seriously, they gotta check, like what countries you've been

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Speaker 5: to and have you been to Asia? And it's a

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Speaker 5: serious situation. So it's affecting the world's economy because, at

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Speaker 5: least on the podcast before, the world is flat now,

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Speaker 5: so what happens on the other side of the globe

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Speaker 5: affects the whole globe. So it happened in China, and

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Speaker 5: obviously China is the world's second biggest economy.

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Speaker 3: I mean huge supplier.

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Speaker 5: Yeah, huge applier to the whole world, a lot of

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Speaker 5: different things. So it's just taking a hit. It's taking

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Speaker 5: a hit on some major corporations. Nike seventeen billion dollars

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Speaker 5: has been shaved off of their valuation last week. Yeah,

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Speaker 5: two hundred billion from all of the big tech companies.

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Speaker 6: Apple, Apple had a huge loss. They have a city

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Speaker 6: in China, I want to pronounce it right, jang jiang Zo, China.

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Speaker 6: It's actually known as the iPhone capital of the world.

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Speaker 6: Like half of the iPhones.

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Speaker 3: In the world come from there.

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Speaker 6: They actually had to shut down their factory three hundred

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Speaker 6: and fifty thousand employees.

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Speaker 3: Yep. That's like more than a city.

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Speaker 5: No, it's serious, and it's like a lot of manufacturing

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Speaker 5: goods come out of China. So even like on a

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Speaker 5: local level, like I know people that's personally affected by it,

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Speaker 5: like small business owners that's getting merchandise from China.

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Speaker 3: We have that conversation every night and they can't get it.

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Speaker 5: I just spoke to Alex get an energy shot out

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Speaker 5: to Alex and he was telling me how the trucking

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Speaker 5: industry is affected by it right now.

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Speaker 3: Yep.

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Speaker 5: A lot of goods that are being trucked that come

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Speaker 5: in from China haven't come in or it can't come

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Speaker 5: in right now, so the truck is a little slow

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Speaker 5: right now. So it's affecting everybody. It's serious.

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Speaker 6: I mean Chinese economy in itself, right we just finished

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Speaker 6: having a trade war with them, and right after the

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Speaker 6: trade war and now we have the coronavirus and it's like,

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Speaker 6: you know, they're taking a huge hit huge hit manufacturing

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Speaker 6: and even in the prescription drug that like that was

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Speaker 6: something I had to find out myself, Like a lot

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Speaker 6: of the ingredients that go into our prescription drugs come

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Speaker 6: from China, so like this this sworages on that man.

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Speaker 6: So it's like a global effect and things that we

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Speaker 6: had no idea, Like this is how important this is?

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Speaker 5: Yeah, So we'll start off with the stock market. So

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Speaker 5: this is something that is a really big thing because

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Speaker 5: stocks are down twelve percent one week, which is the

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Speaker 5: largest pullback in the stock market for one week since

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Speaker 5: two thousand and eight. Yep, since the financial crisis. That

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Speaker 5: twelve percent pullback wiped away all of the gains for

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Speaker 5: twenty twenty, so there's no gains that have been made

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Speaker 5: as far as the stock market is concerned for the

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Speaker 5: twenty twenty base off of just one week, they had

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Speaker 5: its sharpest drop in the day since two thousand and eight.

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Speaker 5: Once again. So it's it's it's it's really serious. So

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Speaker 5: a lot of people's panicking right now, like what should

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Speaker 5: we do? Yeah, it's like, you know, it's crazy.

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Speaker 3: I've seen I've seen the comments like yeah, what should

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Speaker 3: we do? What should we do? It's like, yo, listen man,

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Speaker 3: and when we see red, we don't pin it. Yeah,

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Speaker 3: we don't penning.

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Speaker 5: I think I think it's import to understand that before

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Speaker 5: we even talk about like the effect on the stock market,

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Speaker 5: you have to understand how the stock market works. Like

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Speaker 5: I don't think people fully understand how stock market works.

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Speaker 5: So just general economy period. Like, So there's what's called

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Speaker 5: bulls and bear markets.

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Speaker 3: Right.

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Speaker 5: The bull market is when the stock market is going up.

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Speaker 5: The bear markets when the stock market is going down.

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Speaker 5: The reason why it's called the bull because they have

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Speaker 5: horns and they throw their prey in the air when

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Speaker 5: they're like wrestling with them.

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Speaker 3: They're aggressive in the sense well not even.

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Speaker 5: That, but they throw it up like if you try

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Speaker 5: to wrestle the bull, like they'll tors you up, whereas

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Speaker 5: a bear wrestles you down. So that's why the bull

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Speaker 5: goes up and the bear goes down. A little tibbot

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Speaker 5: for anybody that was interested. So the average bull market

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Speaker 5: is seven years, right, the average bear market is fourteen months.

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Speaker 5: So we've been in a bull market since the end

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Speaker 5: of two thousand and eight, so we're we're in almost

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Speaker 5: a twelve year bull market. So I say that to say,

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Speaker 5: if you study history, we can we can never predict

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Speaker 5: the future, but the best way to kind of predict

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Speaker 5: what what happens to look, we're ready years past, but

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Speaker 5: should have been a beer market. So I mean it's

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Speaker 5: common sense that a bear market is going to come

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Speaker 5: eventually pretty soon probably. I mean, it's just like saying, Okay,

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Speaker 5: if you live somewhere like in Florida and Miami, they

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Speaker 5: have hurricanes, right, if you haven't had a hurricane in

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Speaker 5: fifteen years, you're probably due for hurricanes coming. It's overdue.

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Speaker 3: I mean, it's like the law of nurtier, right, what

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Speaker 3: goes up eventually must come down.

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Speaker 5: Yeah. So and then it is market corrections, right, So

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Speaker 5: a market correction is a pullback in the market, usually

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Speaker 5: about ten percent. So this is what will be a

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Speaker 5: market correction, right, So what happens is that market corrections happen,

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Speaker 5: Like we had a market correction in twenty eighteen, but

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Speaker 5: we haven't had a recession, So people throw that term

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Speaker 5: around a lot as well. Recession. How they define recessions

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Speaker 5: is two consecutive quarters of negative GDP growth, So like people.

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Speaker 6: Who don't know understand that quarters. Obviously, the being four

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Speaker 6: in a year first, second, and third, fourth.

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Speaker 5: Right, so that's like six months six months of negative

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Speaker 5: d GDP growth will result in a recession. Right, So

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Speaker 5: all right, how does this all play out for the

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Speaker 5: stock market? Right? Right now, the stock market is going down.

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Speaker 5: The stock market is not going to go to zero.

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Speaker 5: It's not going to happen. So it's like if, in

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Speaker 5: my opinion, like you, it's hard to time the market.

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Speaker 5: These people are saying like, Okay, this is a good

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Speaker 5: time to get in because the market is down. Well,

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Speaker 5: you have to be careful with that, because it's still

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Speaker 5: only down ten percent. It could go low like we

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Speaker 5: saw it in two thousand and seven when the stock

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Speaker 5: market was down five percent. So just because it's down

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Speaker 5: ten percent, now you buy the dip. Now what if

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Speaker 5: it dips again?

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Speaker 3: We've learned that lessons than that.

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Speaker 5: You gotta learned from crypto. Also people saying that you

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Speaker 5: should sell and make a profit, right, So now that

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Speaker 5: you have to be careful with as well, because it's like,

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Speaker 5: all right, at what point do you do you decide

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Speaker 5: that it's a good point to sell, because if you

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Speaker 5: if you've brought a stock at one hundred dollars, right

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Speaker 5: and it's now two hundred and it pulled and it

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Speaker 5: pulled back from three hundred, then you might say, Okay,

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Speaker 5: I double my money, I can sell. That might not

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Speaker 5: be a bad idea. But if you brought a stock

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Speaker 5: at one hundred dollars and it's now fifty dollars right now,

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Speaker 5: you lost fifty percent of your money. So that's totally

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Speaker 5: not a good time about You never want to sell

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Speaker 5: when the stock market is down, because you only lose

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Speaker 5: money in the stock market when you realize it, when

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Speaker 5: you actually take the money, until that is just a

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Speaker 5: loss on paper.

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Speaker 6: Yeah, So I mean it's important to understand that because

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Speaker 6: a lot of times people look at the economy to

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Speaker 6: look at the stocks and they're like, all right, I'm

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Speaker 6: gonna jump in now, or like I'm not invested in

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Speaker 6: anything because everything must be down. That's not necessarily true

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Speaker 6: as well, Right, we got there are stocks that are

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Speaker 6: gaining in this economy even with the coronavirus.

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Speaker 5: Yeah, we want to talk about that as well. But

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Speaker 5: so once again, it's important to understand history and how

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Speaker 5: history plays apart. Right, So if you look at like

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Speaker 5: past viruses, this isn't the first virus.

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Speaker 3: They said, and this is a good study too. I

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Speaker 3: think it was in a business society.

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Speaker 6: There was like it seems like every election year over

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Speaker 6: the past like twenty years, there's always a virus, right.

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Speaker 6: So in two thousand and four there was the stars

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Speaker 6: remember that, like the acute respiratory syndrome.

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Speaker 3: Then after that we had swine flu, and then after

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Speaker 3: that we had the ebolavirus. Then after that we had

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Speaker 3: the bola virus.

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Speaker 5: Again, troller virus that was in Haiti effected.

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Speaker 3: Right right, right right, So like right now, obviously we

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Speaker 3: have a reduction.

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Speaker 6: Yeah, now we have the coronavirus. So it's like we've

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Speaker 6: seen these things before.

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Speaker 5: Yeah, so, but but even digging it down even deeper

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Speaker 5: than that. So once again, if you study history, you

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Speaker 5: can kind of predict what's going to happen in the future. Right,

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Speaker 5: So there's a six month pattern with viruses. I don't

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Speaker 5: know why six months, but that's the pattern. In twenty ten,

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Speaker 5: the choler virus I think the Caribbean I'm pretty sure

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Speaker 5: I got said. I hope I'm pronouncing that correctly, but

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Speaker 5: it was in Haiti. So the stock market was down

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Speaker 5: two percent based off of that outbreak. Six months later,

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Speaker 5: it was up thirteen percent. Twenty sixteen, the Zeka virus

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Speaker 5: hit and the stock market was down six percent, and

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Speaker 5: then six months later it was broke even. And then

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Speaker 5: the Bolar virus, the bolar virus was down to seven percent,

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Speaker 5: and then six months later it was pretty much even.

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Speaker 5: So six months is like the window for these viruses,

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Speaker 5: that's what they're saying. Six months the window if you

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Speaker 5: look at the past. So if you follow that, in

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Speaker 5: six months time, we should recover from this.

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Speaker 3: So we about two months in right now.

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Speaker 5: Yeah, So I say that to say at some point

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Speaker 5: there will be a recovery, when I mean, it's kind

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Speaker 5: of we just you have to use educated guesses, right.

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Speaker 5: But the thing that like I see people on Instagram like, well,

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Speaker 5: this virus is different, this is a It's really not.

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Speaker 3: It's very similar to the SARS virus, where it's a

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Speaker 3: respiratory virus where if you call for sneeze and your

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Speaker 3: cells get in the air and goes to somebody, it's

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Speaker 3: like happening a fever.

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Speaker 5: I love history, Like history used to be my favorite

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Speaker 5: subject in school because, like I said, that's the best

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Speaker 5: way to kind of know what's going to happen in

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Speaker 5: the future. Even going back to the plague like that

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Speaker 5: killed millions, millions millions and ruined the world the economy.

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Speaker 5: It's still bounced back like viruses, plagues, diseases. It's been

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Speaker 5: going back since the beginning of time, right, and it's

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Speaker 5: affected economy since the beginning of time as well. But

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Speaker 5: for some reason, people have short term memories and they

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Speaker 5: always think, like, what's happening now is the worst thing.

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Speaker 3: Ever we live in.

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Speaker 6: That that's the environment we live in, right, everything is immediate,

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Speaker 6: like what's happening now, that's all.

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Speaker 3: We can see.

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Speaker 5: H And also we have a situation where we feel

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Speaker 5: like everything that's happening to us is more important. So

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Speaker 5: it's like, all right, this is happening now. It affected

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Speaker 5: me right now, so this is different. No, it's really

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Speaker 5: not different. It's just the other things might not have

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Speaker 5: affected you because you might have been too young or

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Speaker 5: you might not have been aware. But people, for some reason,

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Speaker 5: they're like, well this is different. Like, no, it's like

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Speaker 5: a hurricane hitting like hurricanes hit for thousands of years.

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Speaker 5: It's just like if it affects your home now, it

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Speaker 5: feels different. That was like, well this is the worst,

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Speaker 5: you know, we gotta pull all my money out so.

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Speaker 6: And I mean we have more tools to see it now, right,

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Speaker 6: Like there's no escaping it, right, Like I know some

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Speaker 6: people watch the news, a lot of people watch social media.

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Speaker 6: We can see this. It's on it's on our feeds,

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Speaker 6: it's in our timelines. We're seen it, not in the set,

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Speaker 6: not oversaturated, but it's over publicized. It's like we can't

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Speaker 6: escape it. So it feels like this is the worst

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Speaker 6: thing that has ever happened.

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Speaker 3: To this world.

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Speaker 5: Yeah, and so it's like okay, so it's like what

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Speaker 5: do you do? Right, So there's different there's different types

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Speaker 5: of investments that people have absolutely, So like we'll go

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Speaker 5: by like different ones. Retirement accounts. That's a big one

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Speaker 5: and we talked about that before. Like a lot of

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Speaker 5: people most people have the majority of their money saved

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Speaker 5: and investments simil retirement accounts like a four one k ira.

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Speaker 5: So that's going to be affected by the stock market.

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Speaker 5: Stock market is theam right, Yeah, But it's important to

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Speaker 5: understand retirement accounts for your retirement. It's long term. So

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Speaker 5: if you're not planning on retiring anytime soon, just wait

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Speaker 5: it out.

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Speaker 3: You're not holding onto that like watch every.

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Speaker 5: Day taking money out you start panicking, and now you

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Speaker 5: lost money at that point in time, not only you

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Speaker 5: have to pay taxes and you lost money, and it's

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Speaker 5: a whole thing. So retirement accounts, it probably would make

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Speaker 5: sense just to kind of wait it out.

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Speaker 3: Probably, I mean, if it's for your retirement, most people

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Speaker 3: should be waiting.

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Speaker 5: Unless you plan on retiring like with next two three years.

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Speaker 5: Then you say, okay, I might need to be a

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Speaker 5: little bit more conservative because I can't afford to take

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Speaker 5: a loss. But it's like just wait it out, like

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Speaker 5: just relax right now. Short term investments a little different,

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Speaker 5: like I said, I mean, if you just if you

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Speaker 5: each individual situation is different, and that's why I hate

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Speaker 5: people that give like blanket statement, blanket advice like sell

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Speaker 5: all stocks or this is a good time to buy

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Speaker 5: it out now by now, Like you can't say that.

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Speaker 5: You can't say that. You got to look at individual situation.

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Speaker 5: Like I said, if you have a short term portfolio

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Speaker 5: and you made money, this might be a good time

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Speaker 5: to take some profits, sell and wait it out if

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Speaker 5: you haven't made money. I me personally, I'm never gonna

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Speaker 5: sell if I do if I don't make money, It's

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Speaker 5: like for what I already lost. I'm not trying to

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Speaker 5: double my losses by actually selling. I want to just

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Speaker 5: wait it out until it gets breaks back.

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Speaker 6: In those valuable lessons, right, like the average investor, especially

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Speaker 6: like in the beginning, and I could speak for myself,

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Speaker 6: it was like the first time in two thousand and seven,

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Speaker 6: like I had just found out like what stocks are,

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Speaker 6: and I was studying it, and when the market crashed,

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Speaker 6: that's the first thing I did. I wasn't educated, right,

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Speaker 6: So like the educated investor, yeah, you gonna you're gonna

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Speaker 6: know to do that, right. But for the average person

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Speaker 6: who was just getting in, that's why this is important,

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Speaker 6: Like having this topic and bringing lights to this is like, yo,

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Speaker 6: we made the mistakes. Don't make those mistakes, like hold

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Speaker 6: it that right, So hopefully you have to go through that.

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Speaker 5: Yeah, and it's important too because it's like now you

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Speaker 5: have to realize that emotions are like the biggest thing

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Speaker 5: when it comes into the stock market. So no matter

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Speaker 5: how much education that a person's gets, they still make

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Speaker 5: decisions based off of emotions nine times out of ten.

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Speaker 5: So there's a reason why like in the stocks you

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Speaker 5: always here by low so high, but it is a

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Speaker 5: reason why most people by high and so low, because

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Speaker 5: what happens is that this is a perfect example of this.

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Speaker 5: What happens is that when the stock market is up,

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Speaker 5: whether it's bitcoin, any type of investment, real estate, whenever

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Speaker 5: it's up, and people feel like it's called fomo faith

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Speaker 5: missing out right. When they feel like they're missing out

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Speaker 5: on it and they have to get it, that's when

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Speaker 5: they want to jump in right. And then what happens

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Speaker 5: is like now, when it's starting to crash, and then

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Speaker 5: they panic and they think it's going to go down

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Speaker 5: to zero and they're gonna lose every single dollar, and

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Speaker 5: then they sell and then it comes back.

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Speaker 3: So you're literally are telling my story. It's crazy. It

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Speaker 3: was like that is the exact emotion.

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Speaker 5: I don't understand why people just can't learn from history.

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Speaker 5: Like that's why I said, like the history is the

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Speaker 5: best teacher. It's not the first time this just happened.

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Speaker 5: It's not the first time the market corrected, it's not

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Speaker 5: the first virus, it's not the first anything. But every

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Speaker 5: time it happens, people make the same mistakes that people

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Speaker 5: in the past.

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Speaker 3: Me you know what, I think one of the main

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Speaker 3: things was it was like not having a lot of capital.

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Speaker 6: I didn't have a lot of capitals. With the little

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Speaker 6: that I invested, it was like, damn, am I willing

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Speaker 6: to lose it all? So at that time it was like, Nah,

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Speaker 6: I wasn't really to lose it all. I'm not thinking

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Speaker 6: long term. I'm thinking, like, yo, I just put this

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Speaker 6: money in just losing money.

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Speaker 3: Let me take the.

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Speaker 6: Whatever I can get out, not knowing you know what

436
00:19:13,560 --> 00:19:15,879
Speaker 6: I mean. So you just told my whole story, man.

437
00:19:15,880 --> 00:19:18,040
Speaker 5: Yeah, pretty much. But you said, but like you said earlier,

438
00:19:18,160 --> 00:19:20,600
Speaker 5: there are some stocks plays that we're not giving any

439
00:19:20,640 --> 00:19:23,119
Speaker 5: stock advice. Yeah. Yeah, once again, nobody knows what it's

440
00:19:23,160 --> 00:19:26,760
Speaker 5: going to happen, but there's some stocks that people are

441
00:19:27,640 --> 00:19:31,240
Speaker 5: speculating might be able to benefit from this situation.

442
00:19:31,400 --> 00:19:31,600
Speaker 3: Yeah.

443
00:19:31,680 --> 00:19:34,560
Speaker 6: So, like as conditions worsen, right, if they will, like

444
00:19:34,560 --> 00:19:36,520
Speaker 6: you said, if there were only two months into this

445
00:19:36,520 --> 00:19:39,199
Speaker 6: this virus, right, then conditions are probably going to get worse.

446
00:19:39,240 --> 00:19:41,200
Speaker 6: And as expressed about the world, and people are saying,

447
00:19:41,200 --> 00:19:43,080
Speaker 6: like the CDC is saying, like, yo, America, you should

448
00:19:43,080 --> 00:19:45,679
Speaker 6: be ready, prepare now because it could get here right there.

449
00:19:45,880 --> 00:19:48,359
Speaker 3: I think twelve sixty twelve confirmed cases.

450
00:19:48,359 --> 00:19:51,040
Speaker 6: I think sixty four people got tested, so you think

451
00:19:51,080 --> 00:19:53,080
Speaker 6: about that, right, And it was a great article. It

452
00:19:53,160 --> 00:19:55,800
Speaker 6: was like, if people are staying home from work, well,

453
00:19:55,800 --> 00:19:56,840
Speaker 6: what type of stock.

454
00:19:56,640 --> 00:19:59,359
Speaker 3: Would you look at to alleviate that?

455
00:19:59,440 --> 00:20:01,280
Speaker 6: Right, So look at a stock like Zoom or a

456
00:20:01,280 --> 00:20:04,639
Speaker 6: company like Zoom who does telecommunications through the home system.

457
00:20:04,640 --> 00:20:06,640
Speaker 6: Now people actually don't have to leave their home. They're

458
00:20:06,680 --> 00:20:09,399
Speaker 6: safe there, they can communicate more people are going to

459
00:20:09,440 --> 00:20:11,119
Speaker 6: start doing that. That work from home thing is going

460
00:20:11,160 --> 00:20:13,400
Speaker 6: to become huge in the next couple of months. So

461
00:20:13,440 --> 00:20:15,399
Speaker 6: that's like something that to look into. It's like, all right,

462
00:20:15,440 --> 00:20:17,560
Speaker 6: well we can invest in that because we know if

463
00:20:17,560 --> 00:20:20,560
Speaker 6: this worsens, that's going to help that uh, that stock.

464
00:20:20,440 --> 00:20:25,800
Speaker 5: Particularly biotech stocks. Also biotech stocks are down, but speculation

465
00:20:25,920 --> 00:20:30,919
Speaker 5: biotech stocks might increase. Dear, I believe that's I'm per

466
00:20:30,960 --> 00:20:35,320
Speaker 5: saying companies correctly. M O D E r n A

467
00:20:35,359 --> 00:20:40,760
Speaker 5: is a company that is leading towards a vaccine for

468
00:20:42,000 --> 00:20:42,520
Speaker 5: the virus.

469
00:20:42,560 --> 00:20:43,760
Speaker 3: There is always the best part.

470
00:20:43,840 --> 00:20:45,760
Speaker 5: So the stock was actually up last week and then

471
00:20:45,760 --> 00:20:47,560
Speaker 5: it kind of came down a little bit. But yeah,

472
00:20:47,680 --> 00:20:49,320
Speaker 5: if you if you do get research on them, they're

473
00:20:49,320 --> 00:20:51,919
Speaker 5: actually yeah, they're they're leading towards I think they might

474
00:20:51,920 --> 00:20:54,360
Speaker 5: even have a vaccine already, but they're like, very soon

475
00:20:54,400 --> 00:20:56,040
Speaker 5: they're putting out a vaccine for it.

476
00:20:56,480 --> 00:20:59,480
Speaker 6: So if we had a conversation other night with with MG,

477
00:20:59,680 --> 00:21:02,080
Speaker 6: it was just like, Yo, this helps my industry, you

478
00:21:02,080 --> 00:21:04,000
Speaker 6: know what I mean bigger than outside of stocks. Were

479
00:21:04,000 --> 00:21:05,600
Speaker 6: just like, Yo, mortgage races are gonna go down, right

480
00:21:05,640 --> 00:21:08,439
Speaker 6: because people are not buying homes at the same rate.

481
00:21:08,440 --> 00:21:10,000
Speaker 6: They feel like they're gonna hold on to their money.

482
00:21:10,000 --> 00:21:13,280
Speaker 6: So obviously the reaction is mortga race, morgas race goes down.

483
00:21:13,359 --> 00:21:15,640
Speaker 6: So that's another industry where it's like, all right, well,

484
00:21:15,800 --> 00:21:18,080
Speaker 6: somebody's gonna benefit from this outbreak.

485
00:21:18,280 --> 00:21:20,440
Speaker 5: Yeah, you can also make money shortened stocks as well,

486
00:21:21,200 --> 00:21:25,280
Speaker 5: which is highly risky. So we're not telling anybody to

487
00:21:25,320 --> 00:21:29,040
Speaker 5: do that. But but but if you educate yourself and

488
00:21:29,080 --> 00:21:31,439
Speaker 5: you understand how the short stocks, I mean, it's common

489
00:21:31,440 --> 00:21:34,600
Speaker 5: sense to say, okay, what stocks probably would be down

490
00:21:34,920 --> 00:21:39,160
Speaker 5: right in this situation. So consumers, consumer spending stocks are down,

491
00:21:39,600 --> 00:21:41,040
Speaker 5: I mean all stocks down. But that's gonna be something

492
00:21:41,040 --> 00:21:42,240
Speaker 5: that we talked about.

493
00:21:42,280 --> 00:21:43,080
Speaker 3: You mentioned night.

494
00:21:43,119 --> 00:21:48,680
Speaker 6: We mentioned Apple, Yeah, yeah, ex Apple, Travel absolutely travel airlines,

495
00:21:48,800 --> 00:21:50,800
Speaker 6: and they're changing their projections too, because it's like, Yo,

496
00:21:50,880 --> 00:21:52,600
Speaker 6: we projected to do this with twenty twenty.

497
00:21:52,600 --> 00:21:54,680
Speaker 3: They're looking at that first quarter like, yeah, we're not

498
00:21:54,720 --> 00:21:55,199
Speaker 3: gonna make it.

499
00:21:55,760 --> 00:21:58,040
Speaker 6: So everybody has to adjust their figures for the year

500
00:21:58,240 --> 00:22:00,000
Speaker 6: based on the first two months of the year.

501
00:22:00,240 --> 00:22:03,159
Speaker 5: Yup, airlines, hotels, hospitality.

502
00:22:03,240 --> 00:22:06,639
Speaker 6: Yeah, entertainment industry. I know, they were shooting mission impossible

503
00:22:06,640 --> 00:22:08,840
Speaker 6: in Italy. They were like, yo, we got the virus

504
00:22:08,880 --> 00:22:10,320
Speaker 6: got there. So they're like, yo, we got to shut

505
00:22:10,359 --> 00:22:13,440
Speaker 6: down production. Like people don't like you're not thinking of that, right,

506
00:22:13,560 --> 00:22:17,159
Speaker 6: Like China specifically, right the number two entertainment capital of

507
00:22:17,200 --> 00:22:19,000
Speaker 6: the world, really, and when it comes to movies and

508
00:22:19,040 --> 00:22:21,880
Speaker 6: movie going, they've lost huge nobody's going outside.

509
00:22:21,920 --> 00:22:23,520
Speaker 3: They can't make money off the movies anymore.

510
00:22:23,600 --> 00:22:25,159
Speaker 6: Right, they actually were This year was gonna be the

511
00:22:25,160 --> 00:22:27,480
Speaker 6: first year they were projected to pass the United States

512
00:22:27,480 --> 00:22:30,040
Speaker 6: as far as gross income from the entertainment industry.

513
00:22:30,440 --> 00:22:31,840
Speaker 3: There's no way they're gonna make it now. They just

514
00:22:31,880 --> 00:22:33,280
Speaker 3: lost two months of the year, you know what I'm saying.

515
00:22:33,320 --> 00:22:35,520
Speaker 6: So, like when you think about the world that's being

516
00:22:35,520 --> 00:22:37,680
Speaker 6: flat and thinking about how one thing can affect the

517
00:22:37,760 --> 00:22:39,440
Speaker 6: entire world, these are the instants were talking about.

518
00:22:39,520 --> 00:22:42,280
Speaker 5: Yeah, some industries that might potentially once again it's all

519
00:22:42,320 --> 00:22:45,920
Speaker 5: about educated guests, right, Yeah, that could potentially benefit once

520
00:22:45,960 --> 00:22:49,080
Speaker 5: again kind of common sense biotech. Biotech what it stands

521
00:22:49,119 --> 00:22:55,800
Speaker 5: for is biology technology. So yeah, medical fields probably will benefit.

522
00:22:56,040 --> 00:22:56,880
Speaker 3: That makes a lot of sense.

523
00:22:58,280 --> 00:23:00,159
Speaker 5: You're going to have to go to doctor, you have

524
00:23:00,200 --> 00:23:03,760
Speaker 5: to get prescription, medication and virus, all of that stuff.

525
00:23:03,800 --> 00:23:06,560
Speaker 5: So they probably see a spike, and especially, like I said,

526
00:23:06,600 --> 00:23:09,200
Speaker 5: who comes out with the actual cure for this thing,

527
00:23:09,480 --> 00:23:13,720
Speaker 5: because it's gonna come out eventually, have to Yeah, So yeah,

528
00:23:13,760 --> 00:23:16,200
Speaker 5: I mean it's just like I said, but I understand

529
00:23:16,200 --> 00:23:18,240
Speaker 5: when you're shortening the stock We talked about that. We're

530
00:23:18,240 --> 00:23:20,960
Speaker 5: gonna have an episode on shortened stocks too, but it's

531
00:23:20,960 --> 00:23:25,520
Speaker 5: not for somebody that's not experienced. But that's important to understand.

532
00:23:25,520 --> 00:23:27,000
Speaker 5: I wanted to I wanted to prove that point too,

533
00:23:27,080 --> 00:23:29,359
Speaker 5: is that even when it's the stock market is crashing,

534
00:23:29,400 --> 00:23:31,879
Speaker 5: you could potentially still make money in a down market.

535
00:23:32,240 --> 00:23:34,000
Speaker 5: You can make money and up marketing make money down market.

536
00:23:34,000 --> 00:23:38,119
Speaker 5: Somebody's always gonna make money. Somebody's gonna make money for sure. Yeah,

537
00:23:38,160 --> 00:23:40,080
Speaker 5: so yeah, I think it's just important for people to

538
00:23:40,119 --> 00:23:45,680
Speaker 5: understand that. I would recommend just keeping composure, right, understand that, Yeah,

539
00:23:45,760 --> 00:23:48,160
Speaker 5: right now, it's not looking too good and we don't

540
00:23:48,200 --> 00:23:49,480
Speaker 5: know how it's gonna shake out. And I think that

541
00:23:49,600 --> 00:23:52,280
Speaker 5: the broader range of just the economy in general, this

542
00:23:52,359 --> 00:23:54,439
Speaker 5: could be a tipping point for the next recession or

543
00:23:54,440 --> 00:23:55,840
Speaker 5: it could not be. But at some point we know

544
00:23:55,880 --> 00:23:58,160
Speaker 5: we're going to have a recession. It's going to happen.

545
00:23:58,840 --> 00:24:01,159
Speaker 6: The key thing about having and knowing that the recession

546
00:24:01,240 --> 00:24:03,959
Speaker 6: is coming is that just prepare for it, right, Like,

547
00:24:04,080 --> 00:24:06,080
Speaker 6: let's let's get all our eggs in a barrel and

548
00:24:06,119 --> 00:24:07,720
Speaker 6: it's like, yo, listen, we're waiting.

549
00:24:07,440 --> 00:24:07,879
Speaker 3: For it, right.

550
00:24:07,920 --> 00:24:11,320
Speaker 6: Like I had a conversation of a few people, colleagues specifically, like, yo,

551
00:24:11,920 --> 00:24:13,800
Speaker 6: you think it's a good time to refinance. I'm like, well,

552
00:24:13,800 --> 00:24:15,840
Speaker 6: if you think of recessions coming, right, you want to

553
00:24:15,880 --> 00:24:18,120
Speaker 6: have some money just in the event that morgas rates

554
00:24:18,160 --> 00:24:20,800
Speaker 6: go down, housing market changes, you could get some property.

555
00:24:20,880 --> 00:24:22,200
Speaker 3: Yeah, I would do it. Be prepared.

556
00:24:22,240 --> 00:24:23,679
Speaker 6: You don't want to have the recession coming and you

557
00:24:23,680 --> 00:24:25,880
Speaker 6: don't now your value of your home just went down.

558
00:24:26,280 --> 00:24:28,040
Speaker 3: Now you can't refinance, you know what I'm saying. So

559
00:24:28,400 --> 00:24:29,040
Speaker 3: just be prepared.

560
00:24:29,200 --> 00:24:34,439
Speaker 5: Yeah, be prepared, don't have fear, use your brain and

561
00:24:34,720 --> 00:24:38,880
Speaker 5: keep it always good to do that. Keep your composion, man,

562
00:24:39,000 --> 00:24:41,600
Speaker 5: keep your composion, all right. So in the next segment,

563
00:24:41,600 --> 00:24:43,480
Speaker 5: we're going to go over our favorite company that we

564
00:24:43,520 --> 00:24:47,840
Speaker 5: talk about all the time. Amazon. They are changing the game,

565
00:24:47,960 --> 00:24:50,200
Speaker 5: so I'm not going to what they got going on next,

566
00:24:50,400 --> 00:24:52,280
Speaker 5: all right. So in this segment, we're going to talk

567
00:24:52,320 --> 00:24:53,800
Speaker 5: about Amazon.

568
00:24:54,520 --> 00:24:55,600
Speaker 3: Favorite one of our favorite topics.

569
00:24:55,640 --> 00:24:59,359
Speaker 5: At least once a month, bring up Amazon and Jeff Bezos.

570
00:24:59,520 --> 00:25:00,960
Speaker 3: They take a Yeah.

571
00:25:01,119 --> 00:25:04,159
Speaker 5: So the latest, the latest thing that they've done is

572
00:25:04,160 --> 00:25:08,800
Speaker 5: an Amazon ghost store and Seattle, Washington, so they have

573
00:25:09,160 --> 00:25:11,800
Speaker 5: they have Amazon ghost stores and like other places thinking

574
00:25:11,840 --> 00:25:14,520
Speaker 5: the UK, stuff like that, but they're more convenience stores.

575
00:25:14,800 --> 00:25:18,159
Speaker 5: This is the first full fledged grocery store fresh food everything.

576
00:25:18,320 --> 00:25:25,439
Speaker 5: They have fish, produce, fresh groceries, milk, vegetables, anything that

577
00:25:25,480 --> 00:25:26,480
Speaker 5: you will find in the grocery store.

578
00:25:26,520 --> 00:25:28,760
Speaker 3: It's a regular supermarket. You got snacks, everything.

579
00:25:29,400 --> 00:25:32,679
Speaker 5: So what makes this different from other grocery stores is

580
00:25:32,720 --> 00:25:35,520
Speaker 5: that they don't have any cashiers.

581
00:25:35,880 --> 00:25:36,120
Speaker 3: Zero.

582
00:25:36,160 --> 00:25:39,800
Speaker 5: It's cashierless. So usually everybody has gone to a grocery store.

583
00:25:39,840 --> 00:25:43,440
Speaker 5: You buy your groceries and you go and you get

584
00:25:43,640 --> 00:25:46,520
Speaker 5: cashed out even if you don't even if a lot

585
00:25:46,520 --> 00:25:48,800
Speaker 5: of grocery stores now don't have they have cash here,

586
00:25:48,840 --> 00:25:51,240
Speaker 5: then they have to cash self checkout, Yeah, self checkout,

587
00:25:51,240 --> 00:25:53,480
Speaker 5: but you still gotta go. You scan the items and

588
00:25:53,520 --> 00:25:56,199
Speaker 5: then it's like a self checkout thing. But this is different.

589
00:25:56,280 --> 00:25:58,720
Speaker 5: So what happens is that you walk into the store,

590
00:25:58,720 --> 00:26:01,480
Speaker 5: you have to get the Amazon Go app yep, and

591
00:26:01,640 --> 00:26:03,960
Speaker 5: you scan an app in order to have entry to

592
00:26:04,040 --> 00:26:08,280
Speaker 5: the store yep. Then once you do that, it's all

593
00:26:08,320 --> 00:26:14,119
Speaker 5: based off of artificial intelligence scanners, video recorders. I have

594
00:26:14,160 --> 00:26:15,200
Speaker 5: a whole technical they got.

595
00:26:15,200 --> 00:26:17,639
Speaker 3: Like I looked at the video. It's like they have

596
00:26:17,800 --> 00:26:20,640
Speaker 3: like a hundred different.

597
00:26:20,280 --> 00:26:23,000
Speaker 6: Like scanners in the ceiling right, so as you walk

598
00:26:23,040 --> 00:26:25,560
Speaker 6: through the store and it tracks you. Right, So like

599
00:26:25,600 --> 00:26:27,600
Speaker 6: people can literally just walk in, like if I wanted

600
00:26:27,640 --> 00:26:30,320
Speaker 6: to get some bread, Like I can literally just walk

601
00:26:30,359 --> 00:26:31,960
Speaker 6: in and just put it in my bag and the

602
00:26:32,000 --> 00:26:33,280
Speaker 6: scanner would detect it.

603
00:26:33,520 --> 00:26:35,080
Speaker 3: You know what I'm saying. It's different. It's crazy.

604
00:26:35,080 --> 00:26:36,520
Speaker 5: Now there's a whole vibe and yeah, so like you

605
00:26:36,560 --> 00:26:38,240
Speaker 5: take the bread off, you put it in your bag,

606
00:26:38,680 --> 00:26:42,399
Speaker 5: and it says, okay, two dollars gets added. Now if

607
00:26:42,400 --> 00:26:44,200
Speaker 5: you change your mind, you put it back on, then

608
00:26:44,200 --> 00:26:45,080
Speaker 5: it takes the two dollars.

609
00:26:45,280 --> 00:26:46,680
Speaker 3: Everything is getting scanned.

610
00:26:46,400 --> 00:26:49,720
Speaker 5: So yeah, and then so everything is already scanned in

611
00:26:49,800 --> 00:26:51,800
Speaker 5: the app and you just put what you want in

612
00:26:51,840 --> 00:26:53,200
Speaker 5: your bag and then you just leave.

613
00:26:53,320 --> 00:26:54,240
Speaker 3: Yeah, they got a sign.

614
00:26:54,240 --> 00:26:56,560
Speaker 6: It's because it just walk out, Like as you walk

615
00:26:56,600 --> 00:26:58,000
Speaker 6: in the store, it's like, yo, this is like the

616
00:26:58,200 --> 00:26:59,920
Speaker 6: just walk out store. So literally you back up the

617
00:27:00,040 --> 00:27:02,320
Speaker 6: stuff and you walk out and when you get outside

618
00:27:02,440 --> 00:27:03,480
Speaker 6: you get your receipt.

619
00:27:03,880 --> 00:27:04,359
Speaker 3: It's crazy.

620
00:27:04,400 --> 00:27:06,160
Speaker 5: And they said that this this though I just opened

621
00:27:06,160 --> 00:27:08,280
Speaker 5: the Seattle is gonna be like the test run Yeah

622
00:27:08,640 --> 00:27:11,200
Speaker 5: for this model moving forward.

623
00:27:11,320 --> 00:27:13,080
Speaker 6: Yeah, and then you know what it was like, you know,

624
00:27:13,119 --> 00:27:15,480
Speaker 6: people looking at that, like what happens if I pick

625
00:27:15,560 --> 00:27:17,919
Speaker 6: up an apple or something? It was like if I

626
00:27:17,920 --> 00:27:19,920
Speaker 6: pick up an apple, Well, they they've changed.

627
00:27:19,720 --> 00:27:21,080
Speaker 3: The way that they do it. Now they don't charge

628
00:27:21,119 --> 00:27:22,800
Speaker 3: for the weight. They just charged per items.

629
00:27:22,880 --> 00:27:26,080
Speaker 6: So every apple is not saying right where sometimes you

630
00:27:26,160 --> 00:27:28,239
Speaker 6: hit like a watermelon. It's like yo, depending on how

631
00:27:28,280 --> 00:27:30,320
Speaker 6: much it waste, that's how much you pay. Not everything

632
00:27:30,400 --> 00:27:30,960
Speaker 6: the same price.

633
00:27:31,160 --> 00:27:34,040
Speaker 5: And they've actually it's about a YouTubers because they one

634
00:27:34,080 --> 00:27:37,679
Speaker 5: guy tried to trick the system already. Yeah, there's a

635
00:27:37,680 --> 00:27:39,399
Speaker 5: lot of that going on, Like when he changed his

636
00:27:39,600 --> 00:27:42,479
Speaker 5: jacket and he got away with some items, but they

637
00:27:42,880 --> 00:27:46,640
Speaker 5: scanned him for Alvocado that he left. And there's been

638
00:27:46,640 --> 00:27:49,200
Speaker 5: some there's been some some some chinks in the armor

639
00:27:49,200 --> 00:27:51,400
Speaker 5: where like people have been able to actually because that's

640
00:27:51,400 --> 00:27:53,400
Speaker 5: the thing. It's like people like if you.

641
00:27:53,400 --> 00:27:56,080
Speaker 3: Rob them, talk about just walk out, like walking out.

642
00:27:56,520 --> 00:28:00,520
Speaker 5: Yeah, so I mean, but but it's it's not as

643
00:28:00,520 --> 00:28:01,280
Speaker 5: easy as you think.

644
00:28:01,560 --> 00:28:03,480
Speaker 6: I said, you know what, speaking of I actually saw

645
00:28:04,200 --> 00:28:07,760
Speaker 6: somebody had like this glitch where they opened the freezer

646
00:28:07,880 --> 00:28:09,720
Speaker 6: because there's a lot of frozen goods in it. So

647
00:28:09,760 --> 00:28:11,320
Speaker 6: they opened the freezer and if you open the freeze

648
00:28:11,320 --> 00:28:13,679
Speaker 6: at a certain angle, the skinner can't see it. So

649
00:28:13,720 --> 00:28:15,800
Speaker 6: it's like where like now they're actually going to put

650
00:28:15,840 --> 00:28:18,600
Speaker 6: the technology on the freezers, so like you, everything is

651
00:28:18,640 --> 00:28:19,440
Speaker 6: scanned into your item.

652
00:28:19,600 --> 00:28:23,199
Speaker 5: I'm sure they'll be, you know, making changes as they

653
00:28:23,240 --> 00:28:25,640
Speaker 5: go along with it. But the thing that the thing

654
00:28:25,680 --> 00:28:27,560
Speaker 5: that's really interesting is that so now a lot of

655
00:28:27,600 --> 00:28:31,080
Speaker 5: labor unions are complaining and they're taking all the job,

656
00:28:31,160 --> 00:28:33,360
Speaker 5: yeah saying, taking the job. So I didn't even know

657
00:28:33,880 --> 00:28:37,240
Speaker 5: that there was that many cashiers in America. So there's

658
00:28:37,240 --> 00:28:41,080
Speaker 5: three point five million cashiers in America who average around

659
00:28:41,080 --> 00:28:46,600
Speaker 5: ten dollars an hour pay yep. So now it's a

660
00:28:46,640 --> 00:28:48,840
Speaker 5: thing where it's like, okay, if this is the model

661
00:28:48,880 --> 00:28:53,440
Speaker 5: moving forward for grocery stores, that's three million people who

662
00:28:53,480 --> 00:28:55,480
Speaker 5: are at risk of losing your job.

663
00:28:56,080 --> 00:28:59,040
Speaker 6: So, like, I mean, that's that is crazy, right, But

664
00:28:59,080 --> 00:29:01,640
Speaker 6: the onlyest part is that you know, the company that

665
00:29:01,720 --> 00:29:05,280
Speaker 6: hires the most people in the United States, Amazon, So

666
00:29:05,560 --> 00:29:08,840
Speaker 6: it's like it combats itself, like, yeah, we're automating some things,

667
00:29:08,840 --> 00:29:11,360
Speaker 6: but we're also creating jobs at a different rate.

668
00:29:11,480 --> 00:29:13,880
Speaker 5: I think. Also, it's just it's a harsh reality that

669
00:29:13,920 --> 00:29:16,920
Speaker 5: we live in, but people have to be able to

670
00:29:16,960 --> 00:29:18,800
Speaker 5: adapt to what's going on right now, right And it's

671
00:29:18,840 --> 00:29:20,600
Speaker 5: like I remember, like in New York. If you're from

672
00:29:20,600 --> 00:29:24,720
Speaker 5: New York, you know that there's no tolls exactly, but

673
00:29:24,880 --> 00:29:27,600
Speaker 5: those were jobs that people had exactly. You drive and

674
00:29:27,800 --> 00:29:30,480
Speaker 5: people were standing in the toe booth and they break

675
00:29:30,560 --> 00:29:32,760
Speaker 5: change and that was their job.

676
00:29:32,800 --> 00:29:35,560
Speaker 3: It might curse you out, that was their job in tolls.

677
00:29:35,640 --> 00:29:38,240
Speaker 5: But now it's like all of those jobs were lost

678
00:29:38,280 --> 00:29:40,920
Speaker 5: because they realized it's a lot more efficient for cameras

679
00:29:40,960 --> 00:29:43,640
Speaker 5: to take pictures and easy paths and stuff like that.

680
00:29:43,640 --> 00:29:47,840
Speaker 5: That there's no need to a it. It actually slows

681
00:29:47,920 --> 00:29:51,200
Speaker 5: up traffic, right yep. And then b you spending a

682
00:29:51,200 --> 00:29:53,760
Speaker 5: lot of money where you put a camera in place,

683
00:29:53,800 --> 00:29:56,880
Speaker 5: you don't have to pay the camera, it's already done.

684
00:29:57,160 --> 00:30:00,280
Speaker 5: So these are these are this is just more to

685
00:30:00,360 --> 00:30:03,280
Speaker 5: me as far as the wave of what night you

686
00:30:03,360 --> 00:30:07,320
Speaker 5: call the future right now, that technology, you're either on

687
00:30:07,760 --> 00:30:09,280
Speaker 5: the right side of it or the wrong side of it.

688
00:30:09,480 --> 00:30:13,840
Speaker 6: And it's double at sword because if you think about it, right, Amazon,

689
00:30:13,960 --> 00:30:16,360
Speaker 6: what they're doing with the Gold grocery store is like

690
00:30:16,720 --> 00:30:19,880
Speaker 6: they're creating lower prices because they're not paying employees at

691
00:30:19,880 --> 00:30:21,720
Speaker 6: the same rate, Like they have workers in the store,

692
00:30:22,000 --> 00:30:25,840
Speaker 6: but they don't have twenty five cashiers. Well now, now,

693
00:30:25,880 --> 00:30:28,000
Speaker 6: if I don't have twenty five cashiers, I can lower

694
00:30:28,040 --> 00:30:28,680
Speaker 6: the price remount.

695
00:30:29,040 --> 00:30:30,880
Speaker 3: I can lower the price for these goods. Right. So

696
00:30:30,920 --> 00:30:33,000
Speaker 3: now if I have to compete with a grocery store,

697
00:30:33,400 --> 00:30:34,200
Speaker 3: they can't do that.

698
00:30:34,400 --> 00:30:36,920
Speaker 5: Well, that's their scaling. I've been Amazon's model from day

699
00:30:36,960 --> 00:30:39,880
Speaker 5: one is to have lower prices that the competition can't

700
00:30:39,880 --> 00:30:43,920
Speaker 5: really be and more efficient way of actually doing business.

701
00:30:43,960 --> 00:30:46,200
Speaker 5: So this fits right in. The NHS brought whole Foods, so.

702
00:30:46,120 --> 00:30:48,080
Speaker 3: They're interesting and those products in the store.

703
00:30:48,680 --> 00:30:51,479
Speaker 5: Yeah, and so the interesting thing about Amazon is that

704
00:30:51,520 --> 00:30:53,480
Speaker 5: like we're talking about like the death of retail and

705
00:30:53,640 --> 00:30:56,280
Speaker 5: is bricking martyr dead? And a lot of people have

706
00:30:56,360 --> 00:31:00,600
Speaker 5: contributed Amazon to like speeding up the process of like

707
00:31:00,680 --> 00:31:03,560
Speaker 5: killing brick and martar businesses because everybody's shopping online. But

708
00:31:03,680 --> 00:31:06,480
Speaker 5: now this is a play to build out their brick

709
00:31:06,520 --> 00:31:10,080
Speaker 5: and martar business. So Amazon, in my opinion, they're really

710
00:31:10,280 --> 00:31:14,200
Speaker 5: trying to dominate every aspect of your life. Right, So

711
00:31:14,240 --> 00:31:17,640
Speaker 5: it's like eating food is an essential part of life.

712
00:31:17,640 --> 00:31:19,280
Speaker 3: Eight hundred billion dollar industry.

713
00:31:19,320 --> 00:31:21,000
Speaker 5: It's something that you can't get away from it.

714
00:31:21,040 --> 00:31:21,880
Speaker 3: Everybody has to do it.

715
00:31:22,000 --> 00:31:25,120
Speaker 5: So now with the Amazon. Now, the brilliant thing about

716
00:31:25,120 --> 00:31:27,640
Speaker 5: Amazon's that they already have the infrastructure in place to ship.

717
00:31:28,720 --> 00:31:31,520
Speaker 5: So they have these these grocery stores in place, but

718
00:31:31,680 --> 00:31:36,440
Speaker 5: can also be holding units storage units that they ship

719
00:31:36,680 --> 00:31:40,080
Speaker 5: out groceries. So now instead of actually going to the store,

720
00:31:40,120 --> 00:31:44,320
Speaker 5: you can order the groceries and now have it delivered

721
00:31:44,320 --> 00:31:46,200
Speaker 5: to you. So now they're going to get it to

722
00:31:46,240 --> 00:31:51,120
Speaker 5: the point where it's like, Okay.

723
00:31:49,280 --> 00:31:51,480
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724
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736
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737
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738
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739
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741
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742
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743
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760
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761
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Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border

762
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763
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764
00:34:14,560 --> 00:34:18,440
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765
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766
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767
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768
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769
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770
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Speaker 3: Sponsored by the United States Department of Homeland Security.

771
00:34:39,680 --> 00:34:43,320
Speaker 5: You get food, which everybody has to have food. You

772
00:34:43,440 --> 00:34:46,320
Speaker 5: either you want the in person experience we have in person.

773
00:34:46,560 --> 00:34:49,000
Speaker 5: If not, we already have it set up. It's not

774
00:34:49,040 --> 00:34:52,120
Speaker 5: actually even costing no more money because they already have

775
00:34:52,280 --> 00:34:54,480
Speaker 5: these groceries. I'm just saying, hypothetically speaking, Let's say this

776
00:34:54,520 --> 00:34:56,600
Speaker 5: really expands and they have these grocery stores all over

777
00:34:56,640 --> 00:34:59,160
Speaker 5: America and all these major markets. Now it's going to

778
00:34:59,200 --> 00:35:03,400
Speaker 5: be easy to do same day shipping of groceries because

779
00:35:03,719 --> 00:35:06,879
Speaker 5: the warehouses are they're already there in grocery store.

780
00:35:06,880 --> 00:35:08,520
Speaker 3: And we spoke about that too when we were talking

781
00:35:08,520 --> 00:35:09,239
Speaker 3: about brick and mortar.

782
00:35:09,239 --> 00:35:11,959
Speaker 6: It was like, look, there's a reason why Amazon's buying

783
00:35:12,040 --> 00:35:14,400
Speaker 6: up old moles, right, those are the epicenters of cities.

784
00:35:14,640 --> 00:35:17,200
Speaker 6: They have all the infrastructure there, they have plumbing already there.

785
00:35:17,520 --> 00:35:21,239
Speaker 6: If nobody is going into males and males. Eventually the

786
00:35:21,280 --> 00:35:24,000
Speaker 6: stores you know, can't pay the rants and leases, they'll

787
00:35:24,000 --> 00:35:25,040
Speaker 6: eventually come in by that.

788
00:35:25,280 --> 00:35:27,560
Speaker 3: And now they're at the epicenter of every city. So

789
00:35:27,600 --> 00:35:28,880
Speaker 3: now you have same day shipping.

790
00:35:29,160 --> 00:35:31,680
Speaker 6: Right now, I have the epicenter that becomes a warehouse

791
00:35:32,280 --> 00:35:34,680
Speaker 6: order Amazon same day it gets to you right Like,

792
00:35:35,400 --> 00:35:36,920
Speaker 6: you can't get more efficient.

793
00:35:36,560 --> 00:35:40,280
Speaker 5: Than that, Nah, you really can't. And that's even the play.

794
00:35:40,640 --> 00:35:42,839
Speaker 5: So Amazon and Walmart is been going back.

795
00:35:42,760 --> 00:35:44,879
Speaker 3: On Yeah, they back they're competing, and.

796
00:35:44,840 --> 00:35:47,759
Speaker 5: Walmart is actually making an insurgence and a lot of

797
00:35:47,760 --> 00:35:50,000
Speaker 5: people saying that they're becoming a threat to Amazon. One

798
00:35:50,000 --> 00:35:52,400
Speaker 5: thing that Walmart has over Amazon is that they have

799
00:35:52,440 --> 00:35:55,200
Speaker 5: so many locations. So now they've they've started the same

800
00:35:55,280 --> 00:35:57,040
Speaker 5: day shipping and all of that, and that's what that's

801
00:35:57,040 --> 00:35:59,799
Speaker 5: exactly their play is that they don't have to like

802
00:36:00,040 --> 00:36:04,440
Speaker 5: Amazon is using warehouses where Walmart all of this stuff

803
00:36:04,480 --> 00:36:07,360
Speaker 5: is already there. They already have the infrastructure in place,

804
00:36:07,560 --> 00:36:10,839
Speaker 5: so they're saving money because they're not paying for any warehouses.

805
00:36:11,280 --> 00:36:15,440
Speaker 5: All of the Walmart stuff is held in Walmart factories

806
00:36:15,920 --> 00:36:18,640
Speaker 5: in stores and it's getting shipped out from there. So

807
00:36:19,520 --> 00:36:22,040
Speaker 5: I see this is something that Amazon can potentially take

808
00:36:22,040 --> 00:36:26,320
Speaker 5: from Walmart instead of just keep having these Amazon shipping

809
00:36:26,400 --> 00:36:28,880
Speaker 5: factories where it costs a lot of money to uphold that.

810
00:36:29,120 --> 00:36:30,880
Speaker 5: It's like, Okay, now you have a grocery store. At

811
00:36:30,880 --> 00:36:33,319
Speaker 5: the very least, the money that's coming in from the

812
00:36:33,320 --> 00:36:35,799
Speaker 5: grocery store probably offset the cost of shipping. But we

813
00:36:35,800 --> 00:36:38,880
Speaker 5: all know shipping is Amazon's thing. So now you build

814
00:36:38,880 --> 00:36:40,960
Speaker 5: out that and you get the money from the grocery store,

815
00:36:41,000 --> 00:36:42,839
Speaker 5: but you already have the infrastructure in place to ship

816
00:36:42,840 --> 00:36:43,040
Speaker 5: it out.

817
00:36:43,080 --> 00:36:45,080
Speaker 3: And they got one of the most important things down path,

818
00:36:45,200 --> 00:36:48,320
Speaker 3: the experience, right, Like if you've have a shot that Walmart.

819
00:36:48,320 --> 00:36:50,680
Speaker 6: No disrespect to anybody Walmart, but it's like you waiting

820
00:36:50,640 --> 00:36:54,279
Speaker 6: in line, especially if you got kids. I mean, it's

821
00:36:54,320 --> 00:36:56,640
Speaker 6: an ordeal like going through Walmart with kids and then

822
00:36:56,640 --> 00:36:58,080
Speaker 6: you got to wait in these long lines. And now

823
00:36:58,120 --> 00:36:59,960
Speaker 6: it's like, yo, I can go to the store. Like

824
00:37:00,120 --> 00:37:01,680
Speaker 6: it won't be a thing for parents to say, like

825
00:37:01,840 --> 00:37:03,759
Speaker 6: I'm going to the supermarket because we don't have to

826
00:37:03,760 --> 00:37:05,239
Speaker 6: wait in line, like I'm getting this, I'm getting this,

827
00:37:05,920 --> 00:37:06,920
Speaker 6: and we're out of here, you know.

828
00:37:06,920 --> 00:37:09,520
Speaker 3: What I'm saying. Like that experience just changed everything for everybody.

829
00:37:09,560 --> 00:37:13,040
Speaker 5: It's a game changer. And then also also what's even

830
00:37:13,080 --> 00:37:15,640
Speaker 5: more interesting to me at least, it is like people,

831
00:37:15,920 --> 00:37:17,960
Speaker 5: you always gotta look deeper than what's on the surface,

832
00:37:18,000 --> 00:37:21,360
Speaker 5: like this we're talking about groceries. But I mean, who's

833
00:37:21,400 --> 00:37:23,200
Speaker 5: to say this is an a scalable model for every

834
00:37:23,239 --> 00:37:23,960
Speaker 5: form of retail?

835
00:37:24,080 --> 00:37:24,360
Speaker 3: Right?

836
00:37:24,440 --> 00:37:26,319
Speaker 5: You can just potentially walk into a sneakers store at

837
00:37:26,360 --> 00:37:29,439
Speaker 5: some point and just take sneakers off the rack and leave.

838
00:37:30,280 --> 00:37:31,840
Speaker 3: Yeah, I don't see why it can't be.

839
00:37:31,920 --> 00:37:34,239
Speaker 6: I mean, obviously those companies have to invest the type

840
00:37:34,280 --> 00:37:36,040
Speaker 6: of technology and have the type of capital to do

841
00:37:36,080 --> 00:37:38,520
Speaker 6: it right. Because it takes a lot to put two

842
00:37:38,680 --> 00:37:40,120
Speaker 6: hundred cameras in your ceiling.

843
00:37:40,160 --> 00:37:42,480
Speaker 5: How much time much does it cost to have millions

844
00:37:42,480 --> 00:37:43,000
Speaker 5: of employees?

845
00:37:43,040 --> 00:37:44,680
Speaker 6: I'm sorry, they got a lot of loss too from

846
00:37:44,760 --> 00:37:46,239
Speaker 6: people just stealing stuff out of the store.

847
00:37:46,280 --> 00:37:47,880
Speaker 5: Well they get they getting lost and people stealing with

848
00:37:47,880 --> 00:37:48,480
Speaker 5: employees there.

849
00:37:48,560 --> 00:37:49,600
Speaker 3: Yeah, that's true. That's true.

850
00:37:49,920 --> 00:37:52,719
Speaker 5: So it's like going forward, if like I said, this

851
00:37:52,920 --> 00:37:54,680
Speaker 5: is this is this is a test run to see

852
00:37:55,000 --> 00:37:57,120
Speaker 5: but if this, if this works out, which I actually

853
00:37:57,160 --> 00:37:57,720
Speaker 5: think it's.

854
00:37:57,560 --> 00:37:58,879
Speaker 3: A test, I feel like they already know what they're

855
00:37:58,880 --> 00:37:59,440
Speaker 3: gonna do, you.

856
00:37:59,360 --> 00:38:00,520
Speaker 5: Know what I'm saying. Test as far as if it's

857
00:38:00,520 --> 00:38:02,319
Speaker 5: gonna work, cause you never know if it's gonna work

858
00:38:02,360 --> 00:38:04,680
Speaker 5: or not. But I feel like if this works, which

859
00:38:04,719 --> 00:38:06,839
Speaker 5: I think it probably will work, I don't see why

860
00:38:06,960 --> 00:38:11,440
Speaker 5: other every area of retail won't move towards that. Moving forward,

861
00:38:11,520 --> 00:38:16,400
Speaker 5: It's like it's a lot easier even from the customer standpoint,

862
00:38:16,440 --> 00:38:18,319
Speaker 5: Like I don't want to wait online to bring up

863
00:38:18,680 --> 00:38:21,200
Speaker 5: stuff at H and M or any store. It would

864
00:38:21,200 --> 00:38:24,799
Speaker 5: be much easier if I just walked into Macy's or

865
00:38:25,080 --> 00:38:27,960
Speaker 5: H and M or foot Lock or whatever, got what

866
00:38:28,000 --> 00:38:29,680
Speaker 5: I wanted and walked out.

867
00:38:29,760 --> 00:38:31,319
Speaker 3: Yeah, it changes it. So like now you get foot

868
00:38:31,360 --> 00:38:33,080
Speaker 3: traffic going back into stores.

869
00:38:33,200 --> 00:38:34,759
Speaker 6: I think it helps, right because now you have people

870
00:38:34,800 --> 00:38:37,080
Speaker 6: actually going in where that's a problem right now. People

871
00:38:37,080 --> 00:38:39,120
Speaker 6: don't go in everybody's shops onlinehere. If we know it

872
00:38:39,160 --> 00:38:41,640
Speaker 6: was that easy, yeah, we might think twice, like all right,

873
00:38:41,640 --> 00:38:43,279
Speaker 6: well I'm just going to grab that and I'm coming

874
00:38:43,320 --> 00:38:43,680
Speaker 6: back home.

875
00:38:43,719 --> 00:38:44,240
Speaker 3: It's easy.

876
00:38:44,400 --> 00:38:47,000
Speaker 5: It might be the resurgence of brick and mortar in

877
00:38:47,040 --> 00:38:50,719
Speaker 5: a sense. Yeah, So and then and then we can't

878
00:38:50,760 --> 00:38:53,239
Speaker 5: forget about the whole fools play, and it's either whole

879
00:38:53,239 --> 00:38:54,440
Speaker 5: fool's actually been struggling.

880
00:38:55,200 --> 00:38:57,160
Speaker 3: Well, that's true. That's true.

881
00:38:57,400 --> 00:39:02,160
Speaker 5: So now it's like it's interesting because Amazon buys Whole Foods,

882
00:39:02,160 --> 00:39:04,680
Speaker 5: which is a grocery store, but then they start their

883
00:39:04,680 --> 00:39:07,080
Speaker 5: own grocery store called Amazon Go.

884
00:39:07,480 --> 00:39:10,040
Speaker 6: Yeah, because I mean, well, and that's the part, right,

885
00:39:10,080 --> 00:39:12,399
Speaker 6: because a lot of people don't the people who don't

886
00:39:12,400 --> 00:39:13,320
Speaker 6: shop at Whole Foods.

887
00:39:13,360 --> 00:39:15,000
Speaker 3: The number one thing is the pricing, right.

888
00:39:15,040 --> 00:39:18,120
Speaker 6: It's not cheap to eat healthy, it just isn't, right,

889
00:39:18,160 --> 00:39:19,360
Speaker 6: So like if you're shopping in.

890
00:39:19,400 --> 00:39:20,959
Speaker 3: There, you're going at a different price point.

891
00:39:21,160 --> 00:39:24,240
Speaker 6: Whereas now if I go to Amazon, the Amazon Grocery

892
00:39:24,280 --> 00:39:27,080
Speaker 6: gross store, I could have the whole food products that

893
00:39:27,120 --> 00:39:29,120
Speaker 6: are just kind of pick rate because they don't have

894
00:39:29,160 --> 00:39:31,279
Speaker 6: the employees. Right, if we're not paying this way, we

895
00:39:31,320 --> 00:39:32,480
Speaker 6: can help customers this way.

896
00:39:32,680 --> 00:39:34,799
Speaker 5: No, but yeah, but so you still have Whole Foods though,

897
00:39:34,840 --> 00:39:36,120
Speaker 5: So what are you gonna do with Whole Foods?

898
00:39:36,239 --> 00:39:38,080
Speaker 3: We got to see that'd be interesting.

899
00:39:37,880 --> 00:39:40,320
Speaker 5: Like I mean, like I understand that that perspective, but

900
00:39:40,360 --> 00:39:43,359
Speaker 5: it's interesting to buy a grocery You would think they

901
00:39:43,360 --> 00:39:46,600
Speaker 5: would just expand Whole Foods and just make a cash

902
00:39:46,680 --> 00:39:48,319
Speaker 5: layer list. Hopeful they already have, Like you brought a

903
00:39:48,320 --> 00:39:51,840
Speaker 5: grocery store what's the point of having a different grocery

904
00:39:51,880 --> 00:39:53,000
Speaker 5: store and which is purchased across.

905
00:39:53,280 --> 00:39:54,600
Speaker 3: I mean when they bought it, they were just swallowing

906
00:39:54,640 --> 00:39:55,840
Speaker 3: up the competition, like, how we're.

907
00:39:55,680 --> 00:39:58,799
Speaker 5: Going to compete potentially that's a play because we've seen

908
00:39:58,840 --> 00:40:00,520
Speaker 5: them do that before. Fun of time we talked about

909
00:40:00,520 --> 00:40:03,080
Speaker 5: the diaper absolutely play and that was like I think

910
00:40:03,120 --> 00:40:04,320
Speaker 5: that was episode.

911
00:40:03,840 --> 00:40:06,080
Speaker 3: Four earlier earlier.

912
00:40:06,640 --> 00:40:08,560
Speaker 6: Yeah, they just swallowed up the competition that I was like,

913
00:40:08,560 --> 00:40:10,960
Speaker 6: all right, well we want to compeople won't mind, We're

914
00:40:10,960 --> 00:40:12,960
Speaker 6: gonna take this. And now they're like, all right, well

915
00:40:12,960 --> 00:40:14,960
Speaker 6: we can make this better. But like, yeah, you still

916
00:40:15,000 --> 00:40:16,240
Speaker 6: have that asset that you bought.

917
00:40:16,400 --> 00:40:17,160
Speaker 3: What do you do with it?

918
00:40:17,400 --> 00:40:19,480
Speaker 5: Yeah, And if anybody's not familiar with the diaper thing,

919
00:40:19,560 --> 00:40:22,239
Speaker 5: that's what I'll give like a brief synopsis of it.

920
00:40:22,520 --> 00:40:25,960
Speaker 5: They were in, uh, this diaper company. Amazon wanted to

921
00:40:25,960 --> 00:40:29,960
Speaker 5: get a diaper market, and the diaper company that was

922
00:40:30,040 --> 00:40:32,879
Speaker 5: I think it was like diapers dot com cops dot com.

923
00:40:32,880 --> 00:40:36,239
Speaker 5: So what Amazon did was they ended up lowering the

924
00:40:36,320 --> 00:40:40,160
Speaker 5: price of their diapers much lower than diapers dot Com

925
00:40:40,160 --> 00:40:41,920
Speaker 5: to the point where they was losing money. They was

926
00:40:41,920 --> 00:40:44,040
Speaker 5: losing like one hundred million dollars a month with something

927
00:40:44,080 --> 00:40:46,520
Speaker 5: like that, and they did that. They was bleeding money

928
00:40:46,760 --> 00:40:50,160
Speaker 5: just to kill diapers dot Com, and diapers dot Com

929
00:40:50,280 --> 00:40:53,240
Speaker 5: ended up folding, so they lost a bunch of money

930
00:40:53,560 --> 00:40:56,040
Speaker 5: short term. It's just though they lost money short term

931
00:40:56,080 --> 00:40:58,719
Speaker 5: to win the long term play wanted. So this might

932
00:40:58,760 --> 00:41:01,800
Speaker 5: be the same play with all who knows. But Hopefoods

933
00:41:01,920 --> 00:41:04,000
Speaker 5: is not doing well, and like I said, it's just

934
00:41:04,040 --> 00:41:06,400
Speaker 5: interesting to me that instead of pumping more money into

935
00:41:06,400 --> 00:41:09,640
Speaker 5: Whole Fools, instead of rebranding Whole Foods, they decide to

936
00:41:10,400 --> 00:41:11,360
Speaker 5: go where Amazon go.

937
00:41:12,160 --> 00:41:14,239
Speaker 3: So, like I said, test run, but I think this

938
00:41:14,239 --> 00:41:15,399
Speaker 3: is this is something that's gonna stick.

939
00:41:15,480 --> 00:41:17,879
Speaker 5: Also, so stocks, we talked about stocks on the last

940
00:41:18,239 --> 00:41:21,839
Speaker 5: the last thing, so it's all it's all interchangeable, right,

941
00:41:22,040 --> 00:41:25,480
Speaker 5: So this will be interesting to see how Amazon stock

942
00:41:25,880 --> 00:41:29,719
Speaker 5: will appreciate or depreciate based off of the success of

943
00:41:29,960 --> 00:41:30,560
Speaker 5: Amazon Go.

944
00:41:30,760 --> 00:41:32,279
Speaker 3: We need to depreciate a little bit. I want to

945
00:41:32,320 --> 00:41:32,960
Speaker 3: get we need something.

946
00:41:33,320 --> 00:41:36,799
Speaker 5: Yeah, it's going It's gonna be interesting to see how

947
00:41:36,840 --> 00:41:38,719
Speaker 5: this how this goes moving forward, because like I said,

948
00:41:38,760 --> 00:41:41,839
Speaker 5: I mean Seattle is a is a tech city. It's

949
00:41:41,840 --> 00:41:43,520
Speaker 5: a tech city too. Though Seattle is like one of

950
00:41:43,560 --> 00:41:46,359
Speaker 5: those cities like Austin, Texas, where it's you know, a

951
00:41:46,360 --> 00:41:48,279
Speaker 5: lot of people. I don't you got to see how

952
00:41:48,280 --> 00:41:51,839
Speaker 5: this works in Midwest and down South and things like that.

953
00:41:52,000 --> 00:41:53,279
Speaker 3: I would be interested to see what I mean.

954
00:41:53,320 --> 00:41:55,560
Speaker 6: I feel like that would work great in like major

955
00:41:55,600 --> 00:41:57,120
Speaker 6: metropolitan areas like New York City.

956
00:41:57,120 --> 00:41:59,400
Speaker 3: That would be great because people moving so fast paced.

957
00:41:59,400 --> 00:42:01,799
Speaker 6: It's like we can get it and go, you know,

958
00:42:01,880 --> 00:42:03,879
Speaker 6: like big cities like that I think would be great,

959
00:42:04,080 --> 00:42:06,919
Speaker 6: and they'll be I'm sure they'll be extremely strategic about

960
00:42:06,920 --> 00:42:08,000
Speaker 6: where they place these stores.

961
00:42:08,040 --> 00:42:11,000
Speaker 5: And there's still jobs, like people still work in them,

962
00:42:11,080 --> 00:42:13,040
Speaker 5: of course. Yeah, so you can explain that people that

963
00:42:13,080 --> 00:42:13,440
Speaker 5: still work.

964
00:42:13,480 --> 00:42:15,719
Speaker 6: Yeah, so like there's no cashiers, but there's still people

965
00:42:15,760 --> 00:42:17,680
Speaker 6: that work inside the store. So like if you've ever

966
00:42:17,719 --> 00:42:19,440
Speaker 6: been to a grocery store and like I know, I

967
00:42:19,520 --> 00:42:20,800
Speaker 6: go in there a lot of times, I'm lost.

968
00:42:20,800 --> 00:42:22,080
Speaker 3: I have no idea where anything is.

969
00:42:22,320 --> 00:42:24,440
Speaker 6: So there's people to direct you, to show you where

970
00:42:24,480 --> 00:42:27,120
Speaker 6: things are at to help you with that customer service experience.

971
00:42:27,360 --> 00:42:29,200
Speaker 6: Whereas like if I go to a supermarket right now,

972
00:42:29,320 --> 00:42:31,080
Speaker 6: like I'm in the aisle and it'll be like ten

973
00:42:31,120 --> 00:42:33,040
Speaker 6: minutes before somebody comes, like, yo, you need help.

974
00:42:33,080 --> 00:42:33,759
Speaker 5: No, it's the worst.

975
00:42:33,920 --> 00:42:36,000
Speaker 6: It's like I usually got to go to the deli, like, yo, bro,

976
00:42:36,120 --> 00:42:37,920
Speaker 6: can you tell me where the orange mam a lot is?

977
00:42:37,960 --> 00:42:39,759
Speaker 3: Because I have no idea, you know what I'm saying.

978
00:42:39,800 --> 00:42:41,239
Speaker 6: So like now they have the people in the aisles

979
00:42:41,239 --> 00:42:43,120
Speaker 6: that can actually help you with that experience to get

980
00:42:43,120 --> 00:42:45,240
Speaker 6: you in and out of that supermarket faster.

981
00:42:45,640 --> 00:42:49,400
Speaker 5: And that's something that Apple. Apple mastered that. Because you

982
00:42:49,480 --> 00:42:52,279
Speaker 5: think about it, that's what most like, I hate that,

983
00:42:52,560 --> 00:42:55,799
Speaker 5: whether it's retail stores, grocery stores, whenever I can never

984
00:42:55,800 --> 00:42:57,719
Speaker 5: get help. I go in this store and there's never

985
00:42:57,760 --> 00:43:01,200
Speaker 5: anybody to help me, but there's always a million cashiers.

986
00:43:01,200 --> 00:43:03,480
Speaker 5: Like if you go to home depot, there's like twenty

987
00:43:03,520 --> 00:43:06,000
Speaker 5: seven cash here. You got line and it's like two

988
00:43:06,040 --> 00:43:08,400
Speaker 5: people working the floor. But if you think about it,

989
00:43:08,480 --> 00:43:11,600
Speaker 5: I rather have more people working the floor than the cashiers.

990
00:43:11,880 --> 00:43:13,160
Speaker 3: If you have a question that like, you'll go to

991
00:43:13,160 --> 00:43:14,880
Speaker 3: customer service. That's about aisle thirty.

992
00:43:14,920 --> 00:43:16,520
Speaker 5: No, it takes like if I have a CBS, I gotta

993
00:43:16,560 --> 00:43:18,279
Speaker 5: wait ten minutes for somebody to direct me the way

994
00:43:18,280 --> 00:43:21,000
Speaker 5: I'm going. So Apple's thing is like as soon as

995
00:43:21,000 --> 00:43:23,240
Speaker 5: you walk into Apple, there's like thirty seven people.

996
00:43:23,239 --> 00:43:24,000
Speaker 3: There's more employees.

997
00:43:24,360 --> 00:43:26,319
Speaker 5: Yeah, it's crazy, and they greet you as soon as

998
00:43:26,360 --> 00:43:28,359
Speaker 5: you walk in. So that might be a play too,

999
00:43:28,400 --> 00:43:31,320
Speaker 5: where it's like, okay, we'll shift it. Instead of having

1000
00:43:31,719 --> 00:43:34,279
Speaker 5: the money that we're going to pay the cashiers, we'll

1001
00:43:34,320 --> 00:43:37,720
Speaker 5: just have more people in the aisles to help customer

1002
00:43:37,760 --> 00:43:42,000
Speaker 5: service type thing. And that actually is a way better

1003
00:43:42,040 --> 00:43:45,279
Speaker 5: customer experience for me. I'd rather have more people in

1004
00:43:45,360 --> 00:43:46,400
Speaker 5: the aisles than.

1005
00:43:47,680 --> 00:43:50,200
Speaker 6: I've been like, no joke, ten to fifteen minutes looking

1006
00:43:50,200 --> 00:43:53,120
Speaker 6: for something like no clue. I mean, it's a terrible

1007
00:43:53,120 --> 00:43:55,040
Speaker 6: feeling and we waste time doing it.

1008
00:43:55,160 --> 00:43:57,120
Speaker 5: Yeah, especially if you get a lot of groceries too,

1009
00:43:57,600 --> 00:44:00,080
Speaker 5: it's like it's much easier because if you go on

1010
00:44:00,200 --> 00:44:03,080
Speaker 5: hundred items, you gotta wait for like thirty minutes for

1011
00:44:03,120 --> 00:44:03,799
Speaker 5: them to ring it up.

1012
00:44:05,000 --> 00:44:06,920
Speaker 6: That's the words like, Yeah, you get there and it's

1013
00:44:06,960 --> 00:44:09,480
Speaker 6: like yo, it's like the ten items the less line,

1014
00:44:09,480 --> 00:44:10,640
Speaker 6: and it'll be like fifty people in that.

1015
00:44:10,719 --> 00:44:13,720
Speaker 5: I'm like, everybody's trying to get like thirty seven items

1016
00:44:13,719 --> 00:44:14,799
Speaker 5: and ten items are less line.

1017
00:44:14,840 --> 00:44:16,640
Speaker 6: Yeah, they put their kid with one basket and you

1018
00:44:16,719 --> 00:44:18,920
Speaker 6: got one basket with ten It's like yo, stop lady,

1019
00:44:19,000 --> 00:44:20,480
Speaker 6: I know y'all on the same family.

1020
00:44:21,680 --> 00:44:24,120
Speaker 5: It's a whole nonsense. People fight, people fighting, grocery stores

1021
00:44:24,120 --> 00:44:26,120
Speaker 5: for over and over the lines, cutting lines.

1022
00:44:26,200 --> 00:44:26,759
Speaker 3: That's a fact.

1023
00:44:26,880 --> 00:44:30,600
Speaker 5: No, that's a whole vibe. So now this is actually interesting.

1024
00:44:30,280 --> 00:44:33,040
Speaker 6: And as parents too, man like, we ain't got to

1025
00:44:33,040 --> 00:44:34,520
Speaker 6: deal with the house with Like, Yo, can I get that?

1026
00:44:34,560 --> 00:44:35,520
Speaker 3: Can I get that? Can I get that?

1027
00:44:35,560 --> 00:44:37,240
Speaker 6: When you know they put all the candy in the front,

1028
00:44:37,480 --> 00:44:39,840
Speaker 6: you're stuck and you can't move, and like, yo, you

1029
00:44:39,920 --> 00:44:41,439
Speaker 6: know your kids about to start crying if they don't

1030
00:44:41,440 --> 00:44:44,200
Speaker 6: get this candy. Everybody look, it's like yo, man, like,

1031
00:44:44,239 --> 00:44:46,399
Speaker 6: we got to really put the Sniggers' bars right here.

1032
00:44:46,600 --> 00:44:48,360
Speaker 5: Now this is the way I can see it. I

1033
00:44:48,360 --> 00:44:50,480
Speaker 5: can see this is the way. This is. This is crazy.

1034
00:44:50,520 --> 00:44:50,640
Speaker 3: Man.

1035
00:44:50,680 --> 00:44:52,399
Speaker 5: You walk in the store, get what you want and leave.

1036
00:44:52,440 --> 00:44:55,640
Speaker 5: That's it. That's dope. That's dope. Like that, that's I

1037
00:44:55,640 --> 00:44:57,520
Speaker 5: think that's gonna be the future. I'm gonna be honest

1038
00:44:57,560 --> 00:45:02,200
Speaker 5: with you. In everything, grocery stores, everything, like you just

1039
00:45:02,239 --> 00:45:04,640
Speaker 5: walk into the gas station, get the sniggers bar and leave,

1040
00:45:04,760 --> 00:45:06,759
Speaker 5: Like imagine that, Like that's gonna be the future. Like

1041
00:45:06,800 --> 00:45:09,000
Speaker 5: it's you just get a gatorade and leave.

1042
00:45:09,120 --> 00:45:09,719
Speaker 3: That's gonna be fair.

1043
00:45:09,719 --> 00:45:11,439
Speaker 6: I mean the AI because then you don't have people

1044
00:45:11,440 --> 00:45:13,440
Speaker 6: like yo, if they're watching that, what else are they.

1045
00:45:13,400 --> 00:45:16,279
Speaker 5: When they're already watching you? I mean you know that,

1046
00:45:17,120 --> 00:45:23,560
Speaker 5: so watching that's a fact. Jeff Bezos is watching watching

1047
00:45:24,080 --> 00:45:27,279
Speaker 5: that's a fact. So well, we'll be tracking this h

1048
00:45:27,920 --> 00:45:29,480
Speaker 5: see how it goes. Like I said, I think it's

1049
00:45:29,480 --> 00:45:33,000
Speaker 5: something that's extremely interesting. And once again Amazon's on the

1050
00:45:33,480 --> 00:45:36,200
Speaker 5: hated it, love it, hate them and love them. You

1051
00:45:36,480 --> 00:45:38,760
Speaker 5: got to give them respect for being on the cutting

1052
00:45:38,880 --> 00:45:41,800
Speaker 5: edge of everything world.

1053
00:45:41,920 --> 00:45:44,239
Speaker 6: Yeah, I would say technology, but it's more than it's

1054
00:45:44,280 --> 00:45:45,279
Speaker 6: everything the world.

1055
00:45:45,320 --> 00:45:48,400
Speaker 5: Man. They really push the envelopes and sometimes they make mistakes.

1056
00:45:48,440 --> 00:45:50,319
Speaker 5: But that's what life is about, that's what business is about.

1057
00:45:50,360 --> 00:45:54,640
Speaker 5: It's just being trailblazers and taking risks so.

1058
00:45:54,560 --> 00:45:57,080
Speaker 3: They can afford it. Yeah, they certainly could afford it.

1059
00:45:57,120 --> 00:45:59,920
Speaker 5: All right. Well, there it goes that. We'll see what happens.

1060
00:46:00,200 --> 00:46:02,920
Speaker 5: All right. So in this last segment, we're going to

1061
00:46:03,040 --> 00:46:11,640
Speaker 5: go to throwback everybody's favorite segment. If you're a loyal listener, yes,

1062
00:46:11,840 --> 00:46:13,959
Speaker 5: all of the Day one supporters know what I'm about

1063
00:46:13,960 --> 00:46:16,120
Speaker 5: to refer to. If you're new to the program, then

1064
00:46:16,160 --> 00:46:21,320
Speaker 5: I'll I'll enlighten you. So storytime was a staple for

1065
00:46:21,520 --> 00:46:26,560
Speaker 5: ernial Lesia early beginnings of our podcast journey, where we

1066
00:46:26,560 --> 00:46:29,160
Speaker 5: we did like case studies and we extand examine different

1067
00:46:29,160 --> 00:46:32,920
Speaker 5: things of like real world uh business breakdowns and stuff

1068
00:46:32,960 --> 00:46:34,960
Speaker 5: like that, and we put our spin on it and

1069
00:46:35,000 --> 00:46:39,279
Speaker 5: we called the story time. So we're going back to.

1070
00:46:39,280 --> 00:46:40,920
Speaker 3: That time again.

1071
00:46:41,360 --> 00:46:44,880
Speaker 5: Do it again for sure, boys and girls, ladies and

1072
00:46:44,880 --> 00:46:57,759
Speaker 5: gentlemen without further ado, storytime dropping like that. I'm just

1073
00:46:57,760 --> 00:47:01,759
Speaker 5: looking at you, all right. So for today's story is

1074
00:47:03,160 --> 00:47:06,000
Speaker 5: teachable moment. Yeah, it's actually.

1075
00:47:06,080 --> 00:47:06,960
Speaker 3: A little different for us.

1076
00:47:07,000 --> 00:47:09,640
Speaker 5: It's pretty sad most of the story times to like upbeat,

1077
00:47:10,880 --> 00:47:14,759
Speaker 5: but this is a story and it's definitely a teachable moment. Absolutely,

1078
00:47:14,800 --> 00:47:17,239
Speaker 5: it's a story to learn from. But it's not really

1079
00:47:17,480 --> 00:47:19,680
Speaker 5: the most I.

1080
00:47:19,600 --> 00:47:22,040
Speaker 6: Think most of our stories, there's always like a triumph

1081
00:47:22,040 --> 00:47:23,759
Speaker 6: and it's like, oh wow, I can't believe they came

1082
00:47:23,800 --> 00:47:25,960
Speaker 6: from those odds to do this, or they use their

1083
00:47:26,000 --> 00:47:28,319
Speaker 6: intelligence their network to do that.

1084
00:47:28,960 --> 00:47:30,840
Speaker 3: And this one's a little different.

1085
00:47:31,280 --> 00:47:32,840
Speaker 5: Yeah, but it's still a story that needs to be

1086
00:47:33,000 --> 00:47:36,720
Speaker 5: as we can learn from the mistakes. Yes, So Wallace

1087
00:47:37,920 --> 00:47:44,000
Speaker 5: Wally Amos Junior, you know it's crazy. So most people

1088
00:47:44,480 --> 00:47:48,640
Speaker 5: if you heard of the cookies famous Amos, that's that's him.

1089
00:47:48,440 --> 00:47:50,399
Speaker 5: It's probably known for that, probably know him for that.

1090
00:47:50,600 --> 00:47:52,400
Speaker 5: But I didn't actually know. I was doing some research,

1091
00:47:52,440 --> 00:47:54,520
Speaker 5: so I know he did that. But what I didn't

1092
00:47:54,520 --> 00:47:56,400
Speaker 5: know is that in nineteen sixty two he became the

1093
00:47:56,440 --> 00:47:59,719
Speaker 5: first black talent agent with William Morris agent yep. And

1094
00:47:59,800 --> 00:48:03,000
Speaker 5: he at Diana Ross and the Supremes, Marvin Gay, Sam Cook.

1095
00:48:03,120 --> 00:48:06,440
Speaker 3: Yeah yeah, and he had Simon and yeah.

1096
00:48:06,520 --> 00:48:09,640
Speaker 5: Yeah, that was an old town. Yeah, that's pretty extremely

1097
00:48:09,640 --> 00:48:13,880
Speaker 5: big think about like Diana Ross, Marvin Gay and Sam Cook.

1098
00:48:14,080 --> 00:48:17,480
Speaker 6: Yeah, that's crazy, Like who does that? Who finds that

1099
00:48:17,480 --> 00:48:18,080
Speaker 6: type of talent?

1100
00:48:18,480 --> 00:48:23,200
Speaker 5: Yeah? So, but he's he was raised in Tallahassee, Florida.

1101
00:48:23,480 --> 00:48:26,040
Speaker 5: Shout out to Tallahassee. Tally Hoe is what they call it.

1102
00:48:27,880 --> 00:48:34,120
Speaker 5: Fam you Tallahassee Community College, Florida State University. Yep, it's

1103
00:48:34,160 --> 00:48:37,360
Speaker 5: a college town. Shout out to Tallahassee. So he's from Tallahassee.

1104
00:48:37,400 --> 00:48:38,719
Speaker 5: He's born in nineteen thirty six.

1105
00:48:39,640 --> 00:48:42,080
Speaker 3: That was like what he's still living, still living, man,

1106
00:48:42,160 --> 00:48:43,879
Speaker 3: still living, still going, shout him.

1107
00:48:44,040 --> 00:48:47,160
Speaker 5: You know, come from a Southern background and his aunt

1108
00:48:47,280 --> 00:48:48,920
Speaker 5: apparently made homemade.

1109
00:48:48,560 --> 00:48:50,400
Speaker 3: Cookies Atla Yeah.

1110
00:48:50,600 --> 00:48:54,759
Speaker 5: Yeah, that was famous in the neighborhood and everybody loved it.

1111
00:48:55,239 --> 00:48:57,360
Speaker 5: You know, just a traditional type of just in the

1112
00:48:57,440 --> 00:48:59,160
Speaker 5: in the kitchen, just making cookies.

1113
00:48:58,880 --> 00:48:59,920
Speaker 3: Making chocolate chip cookies.

1114
00:49:00,280 --> 00:49:02,080
Speaker 5: That never really left him even though he went to

1115
00:49:02,200 --> 00:49:06,680
Speaker 5: you know, pursue a career in you know, managing artists

1116
00:49:06,680 --> 00:49:08,799
Speaker 5: and things of that nature. Eventually went to Hollywood, but

1117
00:49:09,160 --> 00:49:11,480
Speaker 5: he always had his down South roots of cookie.

1118
00:49:11,560 --> 00:49:11,759
Speaker 3: Yeah.

1119
00:49:11,800 --> 00:49:13,799
Speaker 6: That actually was what he would give to some of

1120
00:49:13,840 --> 00:49:16,440
Speaker 6: his artists. He would present them with cookies. Like so,

1121
00:49:16,520 --> 00:49:18,160
Speaker 6: like some of the artists were coming and he had

1122
00:49:18,160 --> 00:49:20,440
Speaker 6: like a snack before there was riders and you had

1123
00:49:20,480 --> 00:49:21,680
Speaker 6: to have all those things, like, he would bring the

1124
00:49:21,680 --> 00:49:22,279
Speaker 6: cookies to them.

1125
00:49:22,400 --> 00:49:24,920
Speaker 5: Yeah, and he actually went to culinary school also before

1126
00:49:25,000 --> 00:49:27,200
Speaker 5: before he became a talent agent, he went to culinary school,

1127
00:49:27,560 --> 00:49:30,879
Speaker 5: Joe so yeah. So so, like you said, he used

1128
00:49:30,920 --> 00:49:35,920
Speaker 5: to gift his clients cookies and that kind of branched

1129
00:49:35,920 --> 00:49:38,120
Speaker 5: off to people saying like he should probably start his

1130
00:49:38,160 --> 00:49:39,480
Speaker 5: own company.

1131
00:49:39,560 --> 00:49:43,160
Speaker 6: Yeah, and those same clients who you know that he

1132
00:49:43,239 --> 00:49:45,879
Speaker 6: brought the talent from, they became people that like, listen,

1133
00:49:46,320 --> 00:49:48,080
Speaker 6: we loved it what you got, We love the product.

1134
00:49:48,440 --> 00:49:51,200
Speaker 3: We're gonna help you. We're gonna become investors. Investors, man,

1135
00:49:51,200 --> 00:49:51,840
Speaker 3: that's important.

1136
00:49:51,880 --> 00:49:55,360
Speaker 5: That's a fact because it started because yeah, he was

1137
00:49:55,360 --> 00:49:57,239
Speaker 5: doing William Morris. He tried to branch off and through

1138
00:49:57,280 --> 00:49:58,920
Speaker 5: his own thing with that, and that didn't really work out.

1139
00:49:59,320 --> 00:50:02,080
Speaker 5: So the relationships that he established and they said that

1140
00:50:02,120 --> 00:50:04,879
Speaker 5: they would bankroll him. So it cost twenty five thousand dollars,

1141
00:50:04,920 --> 00:50:07,120
Speaker 5: which was a lot of money in nineteen seventy five.

1142
00:50:07,520 --> 00:50:09,280
Speaker 5: Like now, man, yeah, you know what I'm saying. Nineteen

1143
00:50:09,320 --> 00:50:12,319
Speaker 5: seventy five, that's like a couple hundred thousand, and that's

1144
00:50:12,360 --> 00:50:14,799
Speaker 5: where he started his company with.

1145
00:50:14,920 --> 00:50:16,640
Speaker 3: Yeah, I think Marvin Gaye was the first guy that's like,

1146
00:50:16,880 --> 00:50:17,680
Speaker 3: I'm gonna help this guy.

1147
00:50:17,760 --> 00:50:20,360
Speaker 5: Yeah, he started his company with what you called famous

1148
00:50:20,400 --> 00:50:24,080
Speaker 5: Amos and first year Bitteres sid three hundred thousand dollars.

1149
00:50:24,080 --> 00:50:25,759
Speaker 3: So that's crazy. I read that. I said away that

1150
00:50:25,880 --> 00:50:28,480
Speaker 3: three hundred and seventy five. Yeah, he's Mota.

1151
00:50:28,800 --> 00:50:30,400
Speaker 5: No, he was, he was. He was good. So he

1152
00:50:30,480 --> 00:50:32,200
Speaker 5: hit he hit, He hit it out the park right away,

1153
00:50:32,760 --> 00:50:36,040
Speaker 5: and by nineteen eighty two he did twelve million dollars

1154
00:50:36,040 --> 00:50:36,480
Speaker 5: in revenue.

1155
00:50:36,560 --> 00:50:39,840
Speaker 6: Yeah, so after the first story, he started franchising. He

1156
00:50:39,920 --> 00:50:42,879
Speaker 6: was on Sunset Boulevard and Cali Man was doing it big.

1157
00:50:43,000 --> 00:50:45,719
Speaker 6: But he started franchising the stores out and generated some

1158
00:50:45,760 --> 00:50:46,240
Speaker 6: more income.

1159
00:50:46,520 --> 00:50:49,839
Speaker 5: Yeah, so he really became a big name, a household name.

1160
00:50:49,880 --> 00:50:53,239
Speaker 5: He you know, he's in the Smithsonian Institute. Yeah, he

1161
00:50:53,239 --> 00:50:54,759
Speaker 5: has his hat and his shirt.

1162
00:50:54,800 --> 00:50:55,759
Speaker 3: I saw his commercials.

1163
00:50:55,760 --> 00:50:55,880
Speaker 5: Man.

1164
00:50:55,880 --> 00:50:59,280
Speaker 6: He said, like, he got so good at selling cookies

1165
00:50:59,320 --> 00:51:03,320
Speaker 6: because he used to have to pitch talent to record label.

1166
00:51:03,120 --> 00:51:05,359
Speaker 5: And he had the relationships and it was a good

1167
00:51:05,400 --> 00:51:07,320
Speaker 5: product too. Famous Amos Cookies was legit.

1168
00:51:07,360 --> 00:51:08,000
Speaker 3: They're still legit.

1169
00:51:08,120 --> 00:51:11,040
Speaker 5: Yeah, what I'm saying. They changed the rescue b So

1170
00:51:11,080 --> 00:51:13,160
Speaker 5: in nineteen eighty two, he's twelve million dollars. So, like

1171
00:51:13,200 --> 00:51:16,720
Speaker 5: I said, twelve million dollars in the early eighties, probably

1172
00:51:16,719 --> 00:51:20,440
Speaker 5: the equivalent of forty million now, like a lot. That's

1173
00:51:20,440 --> 00:51:24,080
Speaker 5: a lot of money, right, So he became a household

1174
00:51:24,120 --> 00:51:28,239
Speaker 5: name and he starts to you know, buy property and

1175
00:51:28,280 --> 00:51:31,520
Speaker 5: he's living our life. Right. So in nineteen eighty five

1176
00:51:32,320 --> 00:51:35,360
Speaker 5: that's when things start to kind of fall. Story changes.

1177
00:51:35,520 --> 00:51:37,440
Speaker 5: So he still did pretty decent that year, but they

1178
00:51:37,480 --> 00:51:41,200
Speaker 5: made ten million instead of twelve million, So now he's

1179
00:51:41,280 --> 00:51:43,399
Speaker 5: you know, it's a loss, like first year, he's starting

1180
00:51:43,440 --> 00:51:45,600
Speaker 5: to like go backward. He was going up and then

1181
00:51:45,680 --> 00:51:47,800
Speaker 5: now he's starting to like go down a little bit, right,

1182
00:51:47,960 --> 00:51:51,360
Speaker 5: So he makes some changes. He fires some some managers

1183
00:51:52,480 --> 00:51:55,640
Speaker 5: and put some other people in positions. So he said, admittedly,

1184
00:51:55,760 --> 00:51:57,520
Speaker 5: like he was never he didn't really understand how to

1185
00:51:57,560 --> 00:52:00,879
Speaker 5: run business. He's a talent agent, he's a cook.

1186
00:52:01,239 --> 00:52:03,000
Speaker 3: To his own credit, admitted, I don't know how to

1187
00:52:03,040 --> 00:52:03,600
Speaker 3: run a business.

1188
00:52:03,600 --> 00:52:05,799
Speaker 5: But he didn't have any mentorship and even in his

1189
00:52:05,800 --> 00:52:07,840
Speaker 5: people that he's around, an artist and things of that nature,

1190
00:52:07,880 --> 00:52:10,560
Speaker 5: he didn't really know what was going on. So it's all.

1191
00:52:10,480 --> 00:52:12,400
Speaker 3: Good, May twelve million. I don't know how to run

1192
00:52:12,440 --> 00:52:14,080
Speaker 3: a business. That's astonishing.

1193
00:52:14,400 --> 00:52:20,000
Speaker 5: Yeah, yeah, it was. And it's crazy too because we

1194
00:52:20,080 --> 00:52:24,320
Speaker 5: interview Ryan Leslie and he said that, you know, scaling

1195
00:52:24,400 --> 00:52:28,440
Speaker 5: can be like detrimental to you, Like if you're not

1196
00:52:28,600 --> 00:52:32,120
Speaker 5: properly prepared and you're growing too fast, that can actually hurt.

1197
00:52:32,320 --> 00:52:35,040
Speaker 5: He's actually better to have a smaller audience or to

1198
00:52:35,040 --> 00:52:38,040
Speaker 5: grow at a slower pace, but to be able to manage it,

1199
00:52:38,080 --> 00:52:41,040
Speaker 5: because like when you can't manage your scale, now you're

1200
00:52:41,080 --> 00:52:41,600
Speaker 5: really screwed.

1201
00:52:41,680 --> 00:52:44,200
Speaker 6: That's his whole blueprint too, that's Ryan Leslie's blueprint that

1202
00:52:44,880 --> 00:52:48,120
Speaker 6: even with the smartphone was like you know, smaller audience payout.

1203
00:52:48,160 --> 00:52:49,840
Speaker 5: Yeah, and that's what you said like before, like less's

1204
00:52:49,960 --> 00:52:54,359
Speaker 5: less is more sometimes Yeah. So now it starts to

1205
00:52:54,440 --> 00:52:57,240
Speaker 5: like just fall apart. He's on vacation and he finds

1206
00:52:57,239 --> 00:52:58,839
Speaker 5: out that he has a house in Hawaii. Shot out

1207
00:52:58,840 --> 00:53:01,879
Speaker 5: to all the good people he lives in Now hellohallow,

1208
00:53:01,880 --> 00:53:05,480
Speaker 5: does he still live there? Yeah, everybody knows I used

1209
00:53:05,520 --> 00:53:11,120
Speaker 5: to live in Hawaii. Tell again the whole vibe about there.

1210
00:53:11,880 --> 00:53:14,520
Speaker 5: So he finds out that his house is actually being

1211
00:53:14,560 --> 00:53:20,320
Speaker 5: auctioned off. Yeah, like that's crazy. That's the crazy news

1212
00:53:20,360 --> 00:53:22,239
Speaker 5: to just wake up to, like, oh, by the way,

1213
00:53:22,400 --> 00:53:25,200
Speaker 5: they auctioned your house three pm. Like what he didn't

1214
00:53:25,200 --> 00:53:28,720
Speaker 5: even know his house was in foreclosure when this happens.

1215
00:53:30,120 --> 00:53:33,320
Speaker 3: We're making light of it.

1216
00:53:30,920 --> 00:53:34,600
Speaker 5: But it's just crazy. So it's like but then once again,

1217
00:53:34,680 --> 00:53:36,440
Speaker 5: that just goes to show you like especially like a

1218
00:53:36,480 --> 00:53:40,800
Speaker 5: lot of celebrities and you know, like even with the

1219
00:53:40,840 --> 00:53:43,480
Speaker 5: Fat Joe situation, people know like he went to jail

1220
00:53:43,520 --> 00:53:45,600
Speaker 5: for tax evasion. He was telling the story he was

1221
00:53:45,680 --> 00:53:47,960
Speaker 5: like he had his accountant that was paying all his

1222
00:53:47,960 --> 00:53:50,160
Speaker 5: bills for him, and you know, he's being a rapper,

1223
00:53:50,200 --> 00:53:52,200
Speaker 5: and he felt like, you know, he's not really paying

1224
00:53:52,200 --> 00:53:59,120
Speaker 5: attention to Jones, Like Yeahard bunch of So what happens

1225
00:53:59,120 --> 00:54:03,600
Speaker 5: with Fat Joe is at the accountant apparently started like embezzling,

1226
00:54:03,680 --> 00:54:06,440
Speaker 5: stealing money, not paying his taxes, not paying his bills.

1227
00:54:06,600 --> 00:54:09,160
Speaker 5: He found out because he's like he always had excellent credit.

1228
00:54:09,160 --> 00:54:10,560
Speaker 5: He tried to get a car and it was like

1229
00:54:10,600 --> 00:54:12,520
Speaker 5: his credit was like four fifty and he's like what

1230
00:54:12,640 --> 00:54:15,160
Speaker 5: And then he realized that all of his bills haven't

1231
00:54:15,200 --> 00:54:18,920
Speaker 5: been paid for months. And also along with bills there

1232
00:54:19,160 --> 00:54:22,359
Speaker 5: his account, his account never paid his taxes. He had

1233
00:54:22,400 --> 00:54:24,719
Speaker 5: to do like six months in federal jail. So I say,

1234
00:54:24,719 --> 00:54:26,440
Speaker 5: I have to say, this is something that's unfortunate. It's

1235
00:54:26,480 --> 00:54:27,719
Speaker 5: been going on for a long period of time when

1236
00:54:27,760 --> 00:54:31,319
Speaker 5: people like put trust in other people to take care

1237
00:54:31,320 --> 00:54:33,680
Speaker 5: of their finances and they don't know what's going on

1238
00:54:33,719 --> 00:54:36,400
Speaker 5: with their own money. And by the time they realized

1239
00:54:36,440 --> 00:54:36,960
Speaker 5: it's too late.

1240
00:54:37,040 --> 00:54:39,319
Speaker 3: Yeah we see it having too much man, way too much.

1241
00:54:39,560 --> 00:54:43,000
Speaker 5: So yeah, so so that was just like when he

1242
00:54:43,080 --> 00:54:46,360
Speaker 5: realized like, okay, things is really starting to go down crazy.

1243
00:54:46,840 --> 00:54:51,560
Speaker 5: So now he's scrambling and he brings outside investors in

1244
00:54:52,200 --> 00:54:55,799
Speaker 5: to help out with this company, because now he's starting

1245
00:54:55,800 --> 00:54:59,000
Speaker 5: to lose money. Yeah, so he takes I think like

1246
00:54:59,000 --> 00:55:03,239
Speaker 5: three million dollars of investors' money, but that didn't really

1247
00:55:03,280 --> 00:55:06,400
Speaker 5: work out, but those alone, so now he has to

1248
00:55:06,400 --> 00:55:08,759
Speaker 5: pay that back. But then they left and the company's

1249
00:55:09,040 --> 00:55:13,239
Speaker 5: losing even more money. So now it's like spiraling out

1250
00:55:13,280 --> 00:55:14,799
Speaker 5: of control at a very rapid pace.

1251
00:55:14,840 --> 00:55:16,080
Speaker 3: And what are you going to do when that havings?

1252
00:55:16,760 --> 00:55:20,600
Speaker 5: Yeah, So in nineteen eighty eight, he sells the company

1253
00:55:20,760 --> 00:55:24,080
Speaker 5: to three million dollars. He sells it for three million dollars,

1254
00:55:24,800 --> 00:55:28,000
Speaker 5: and he sells the company in nineteen eighty eight to

1255
00:55:28,080 --> 00:55:30,239
Speaker 5: the Shansby Greup I think I'm pronouncing that correctly for

1256
00:55:30,239 --> 00:55:33,719
Speaker 5: three million dollars. So the crazy thing about it is

1257
00:55:33,760 --> 00:55:36,040
Speaker 5: that now he sells the company for three million and

1258
00:55:36,080 --> 00:55:39,360
Speaker 5: they keep them on as a brand ambassador. So he

1259
00:55:39,440 --> 00:55:41,719
Speaker 5: makes it deal with them, and he's not allowed to

1260
00:55:41,760 --> 00:55:42,640
Speaker 5: use his name anymore.

1261
00:55:42,719 --> 00:55:45,400
Speaker 3: Yeah, because part of the sell is the trademark.

1262
00:55:45,080 --> 00:55:49,719
Speaker 5: YEP so famous and amos. He can't his name is,

1263
00:55:50,440 --> 00:55:52,960
Speaker 5: he can't use his name, can't use it. So he

1264
00:55:53,040 --> 00:55:55,719
Speaker 5: built the company from scratch, from nothing, right, built it

1265
00:55:55,719 --> 00:56:00,560
Speaker 5: to a multimillion dollar corporation sells it for way less

1266
00:56:00,600 --> 00:56:03,040
Speaker 5: than what it was value for just a few years earlier.

1267
00:56:03,320 --> 00:56:03,920
Speaker 3: He was hurting.

1268
00:56:04,640 --> 00:56:06,359
Speaker 5: Not only do they tell him that you can't use

1269
00:56:06,400 --> 00:56:09,160
Speaker 5: your name, but they keep they give him a job

1270
00:56:10,160 --> 00:56:13,759
Speaker 5: to be the spokesperson for the company of the name

1271
00:56:13,800 --> 00:56:17,960
Speaker 5: that he can't use. Yeah, so he's doing that, which

1272
00:56:18,000 --> 00:56:19,759
Speaker 5: it has to be extremely like think about that, like

1273
00:56:19,840 --> 00:56:24,000
Speaker 5: think about like you start a company named Troy's Sneakers, right,

1274
00:56:24,360 --> 00:56:26,600
Speaker 5: you love sneakers, and you build it to a multi

1275
00:56:26,600 --> 00:56:29,800
Speaker 5: million dollar company. Then ten years down the line, you

1276
00:56:29,840 --> 00:56:32,400
Speaker 5: got to sell it and they're saying you can't use Troy.

1277
00:56:32,640 --> 00:56:35,160
Speaker 5: You can't use sneakers anymore, but we want to pay

1278
00:56:35,200 --> 00:56:38,520
Speaker 5: you a salary to go around the country promoting Troy Sneakers.

1279
00:56:38,600 --> 00:56:38,799
Speaker 3: Yeah.

1280
00:56:38,800 --> 00:56:40,439
Speaker 6: I mean he found out about it when he tried

1281
00:56:40,480 --> 00:56:41,799
Speaker 6: to start a new cookie company.

1282
00:56:41,800 --> 00:56:44,400
Speaker 5: We're gonna get to that after a while. It's like

1283
00:56:44,440 --> 00:56:47,120
Speaker 5: it's not after you eates, I can't do this, and

1284
00:56:47,200 --> 00:56:49,400
Speaker 5: he leaves and he's like he tries to start a

1285
00:56:49,440 --> 00:56:51,560
Speaker 5: new company, and they.

1286
00:56:51,440 --> 00:56:53,920
Speaker 3: Soon they're like, no, you can't use that name.

1287
00:56:53,880 --> 00:56:57,880
Speaker 5: For yeah, infringement part. So then he starts the company

1288
00:56:57,960 --> 00:57:02,560
Speaker 5: called Uncle No name, No Names going May yeah, which

1289
00:57:02,600 --> 00:57:04,520
Speaker 5: is a play on that he has no name. Now,

1290
00:57:04,880 --> 00:57:09,399
Speaker 5: it's really unfortunate, it's really really tragic, tragic, it's really

1291
00:57:09,480 --> 00:57:12,959
Speaker 5: tragic situation all the way around. Man. That so, yeah,

1292
00:57:13,080 --> 00:57:19,160
Speaker 5: so Uncle No Name he starts that brand. But so

1293
00:57:20,280 --> 00:57:23,760
Speaker 5: the crazy thing about it is that as he's doing

1294
00:57:23,800 --> 00:57:27,160
Speaker 5: the Uncle No Name, the company gets sold.

1295
00:57:27,160 --> 00:57:29,360
Speaker 3: This is the worst part again, yeah, it's the worst part.

1296
00:57:29,840 --> 00:57:31,600
Speaker 3: So this is the worst part of the story.

1297
00:57:32,160 --> 00:57:36,040
Speaker 5: So now, because he even said like he had depression

1298
00:57:36,040 --> 00:57:37,720
Speaker 5: for a little bit, he stopped baking at all for

1299
00:57:37,840 --> 00:57:40,000
Speaker 5: like three years because Uncle No Name didn't work out.

1300
00:57:40,040 --> 00:57:42,040
Speaker 3: Really, I think they started making muffins. He went away

1301
00:57:42,040 --> 00:57:43,080
Speaker 3: from cookies, so.

1302
00:57:42,960 --> 00:57:46,439
Speaker 5: He stopped baking. He cut his beard off. His whole

1303
00:57:46,440 --> 00:57:48,440
Speaker 5: thing with trademark was his beard in the hat. He

1304
00:57:48,480 --> 00:57:50,400
Speaker 5: stopped wearing a hat, cut his beard off. He even

1305
00:57:50,400 --> 00:57:52,680
Speaker 5: want people to recognize him in the street. It's like,

1306
00:57:53,080 --> 00:57:55,360
Speaker 5: I don't want people. I don't want to It's so

1307
00:57:55,480 --> 00:57:57,600
Speaker 5: I don't want them to see like this depressing, you

1308
00:57:57,640 --> 00:58:01,240
Speaker 5: know what I'm saying. So but as all of that's

1309
00:58:01,280 --> 00:58:04,480
Speaker 5: going on, Shansby the company that he sold to for

1310
00:58:04,520 --> 00:58:09,080
Speaker 5: three million in nineteen ninety two, they sold it a

1311
00:58:09,120 --> 00:58:13,520
Speaker 5: company four we might have heard of. Yeah, sixty one million.

1312
00:58:13,480 --> 00:58:17,480
Speaker 3: Yeah Kell to Keller, Yeah, big, big, big breakfast company. Man.

1313
00:58:17,720 --> 00:58:20,479
Speaker 5: So yeah, they sell it, he sells it. They sell

1314
00:58:20,520 --> 00:58:24,480
Speaker 5: it for sixty one million in nineteen ninety two, and

1315
00:58:24,520 --> 00:58:31,320
Speaker 5: then it gets sold again in nineteen ninety eight to Keepler.

1316
00:58:31,880 --> 00:58:35,400
Speaker 3: Crazy, that's what the elf cookies at.

1317
00:58:35,560 --> 00:58:37,760
Speaker 5: Yeah. So then so then they so. Then in nineteen

1318
00:58:37,840 --> 00:58:42,240
Speaker 5: ninety eight, Keepler decides to bring him back as a

1319
00:58:42,280 --> 00:58:46,080
Speaker 5: brand ambassador. I think it done, got flipped five cops

1320
00:58:46,280 --> 00:58:48,440
Speaker 5: ready the flip his own times.

1321
00:58:48,560 --> 00:58:50,680
Speaker 6: You know what they did? You know he said when

1322
00:58:50,680 --> 00:58:53,040
Speaker 6: he came back and hurt his heart. I mean he

1323
00:58:53,080 --> 00:58:55,400
Speaker 6: had he tried the cookies, but they changed his recipe

1324
00:58:55,440 --> 00:58:57,840
Speaker 6: and all. Now they changed the rest respect like everything.

1325
00:58:58,240 --> 00:59:01,920
Speaker 6: Oh man, they let so. But but at least he

1326
00:59:02,000 --> 00:59:04,640
Speaker 6: was able to work a deal out where he made

1327
00:59:04,680 --> 00:59:07,760
Speaker 6: a deal with Keebler for Uncle Waly's muffins.

1328
00:59:07,960 --> 00:59:09,400
Speaker 3: Yeah.

1329
00:59:09,720 --> 00:59:11,640
Speaker 5: So they let him have a I guess like a

1330
00:59:11,640 --> 00:59:17,680
Speaker 5: subsidiary company within the company of that nature. And now

1331
00:59:17,680 --> 00:59:20,360
Speaker 5: he gives he gives some speeches. He's still a lot.

1332
00:59:20,440 --> 00:59:21,160
Speaker 3: Yeah, he's still a lot.

1333
00:59:21,360 --> 00:59:23,960
Speaker 6: He's still out and I think he lives in where

1334
00:59:23,960 --> 00:59:25,800
Speaker 6: he was living in Hawaii, and now I think he's

1335
00:59:25,840 --> 00:59:30,360
Speaker 6: back in South Carolina. He's back south, but he's he's

1336
00:59:30,360 --> 00:59:33,320
Speaker 6: still making cookies. He's still making cookies. I think the

1337
00:59:33,360 --> 00:59:37,880
Speaker 6: original idea came from his aunt Della, and so that's what.

1338
00:59:37,840 --> 00:59:38,520
Speaker 3: He's going back to.

1339
00:59:38,960 --> 00:59:42,160
Speaker 6: His new company is ant Della's Cookies because he can't

1340
00:59:42,240 --> 00:59:43,840
Speaker 6: use famous amis.

1341
00:59:44,360 --> 00:59:48,400
Speaker 5: So I mean moral of this story. There's so many

1342
00:59:48,440 --> 00:59:51,919
Speaker 5: different morals of his story points and learning points. It's

1343
00:59:52,040 --> 00:59:54,160
Speaker 5: just like where do you begin? But I think the

1344
00:59:54,200 --> 00:59:58,400
Speaker 5: first one is business. Everything is a business. Like a

1345
00:59:58,400 --> 00:59:59,800
Speaker 5: lot of times people look at it like I'm a

1346
00:59:59,800 --> 01:00:02,640
Speaker 5: good chef. Well, I'm a recording artist. How many times

1347
01:00:02,760 --> 01:00:05,080
Speaker 5: is like that's not good enough. You gotta be able

1348
01:00:05,120 --> 01:00:08,480
Speaker 5: to understand that no matter what you're doing, it's a

1349
01:00:08,480 --> 01:00:09,160
Speaker 5: business behind it.

1350
01:00:09,240 --> 01:00:10,600
Speaker 3: Yeah, I mean, just think about it. If he had

1351
01:00:10,680 --> 01:00:13,120
Speaker 3: licensed his name instead of selling it in that.

1352
01:00:13,000 --> 01:00:15,800
Speaker 5: Deal, you could have done that, you know what I mean, Like.

1353
01:00:16,080 --> 01:00:20,640
Speaker 6: His fortune, his fortune would have been a lot different, right,

1354
01:00:20,680 --> 01:00:23,600
Speaker 6: you know what I'm saying, Like you he's done now

1355
01:00:23,640 --> 01:00:24,640
Speaker 6: he can't here's his own name.

1356
01:00:25,440 --> 01:00:30,960
Speaker 5: Nah, you can't. And it's like mismanagement is a lot

1357
01:00:30,960 --> 01:00:32,240
Speaker 5: of and it's a lot of people say a lot

1358
01:00:32,240 --> 01:00:34,280
Speaker 5: of time like ignorant and bliss. It's really not. It's

1359
01:00:34,280 --> 01:00:37,920
Speaker 5: extremely dangerous, especially when it comes to business. And like

1360
01:00:37,920 --> 01:00:41,200
Speaker 5: we did an episode on trademarks and licensing and and

1361
01:00:41,960 --> 01:00:44,080
Speaker 5: the legal side of it is extremely important as well, right,

1362
01:00:44,120 --> 01:00:45,920
Speaker 5: Like the people understand that, Like you got to understand

1363
01:00:45,920 --> 01:00:48,200
Speaker 5: the legal start or have a lawyer at least to

1364
01:00:48,240 --> 01:00:52,440
Speaker 5: help you. And it's important to people get taken advantage of.

1365
01:00:52,840 --> 01:00:53,520
Speaker 3: You think he would have.

1366
01:00:53,640 --> 01:00:55,680
Speaker 6: I mean if he sold it for three million, right, Like,

1367
01:00:55,760 --> 01:00:57,280
Speaker 6: what did he get the proper valuation?

1368
01:00:57,440 --> 01:00:59,080
Speaker 3: Even though what evaluation was at that point.

1369
01:00:59,240 --> 01:01:00,240
Speaker 5: He probably just needed money.

1370
01:01:00,240 --> 01:01:01,880
Speaker 3: I just need some money. I'm gonna sell it.

1371
01:01:01,800 --> 01:01:04,040
Speaker 5: Like you saw it three million. Then ten years later

1372
01:01:04,120 --> 01:01:06,680
Speaker 5: they gets sold for sixty one million and you can't

1373
01:01:06,720 --> 01:01:07,480
Speaker 5: even use your name.

1374
01:01:08,880 --> 01:01:09,880
Speaker 3: Nah, man, it's crazy.

1375
01:01:10,360 --> 01:01:14,720
Speaker 5: Yeah, it's like I said, man, it's a tragic, sad

1376
01:01:14,960 --> 01:01:18,800
Speaker 5: learning experience. But nonetheless it's still a learning experience. And

1377
01:01:18,920 --> 01:01:23,760
Speaker 5: I think entrepreneurs, business people, inspiring entrepreneurs, aspiring business people

1378
01:01:23,760 --> 01:01:25,840
Speaker 5: can learn from You gotta learn from other people's mistakes.

1379
01:01:25,920 --> 01:01:27,440
Speaker 6: Yeah, I mean, and he still has his health at

1380
01:01:27,480 --> 01:01:28,880
Speaker 6: the end of the day, he's still alive and breathing

1381
01:01:28,920 --> 01:01:29,520
Speaker 6: to tell the lesson.

1382
01:01:29,600 --> 01:01:32,000
Speaker 3: So I mean, at the end of the day, somebody

1383
01:01:32,000 --> 01:01:33,080
Speaker 3: gonna learn from his mistakes.

1384
01:01:33,160 --> 01:01:34,480
Speaker 5: Yeah, I mean, that's the worst thing in the world.

1385
01:01:34,520 --> 01:01:38,040
Speaker 5: If somebody take your name, you can't use it like that's.

1386
01:01:37,880 --> 01:01:40,440
Speaker 3: Like yeah, I mean, like you said, it broke his heart.

1387
01:01:40,520 --> 01:01:42,520
Speaker 6: He takes the cookies, He's like, yeah, they change the recipe,

1388
01:01:42,640 --> 01:01:45,120
Speaker 6: nothing is the same, but his name lives on. Like

1389
01:01:45,120 --> 01:01:47,360
Speaker 6: that's those are like we talked about the Vendom Machine episode,

1390
01:01:47,400 --> 01:01:49,520
Speaker 6: Like those are still in venting machines right now today.

1391
01:01:49,560 --> 01:01:50,840
Speaker 3: Somebody's in famous, same as Cookie.

1392
01:01:50,880 --> 01:01:52,439
Speaker 5: But there's a lot of people like that where it's

1393
01:01:52,480 --> 01:01:54,920
Speaker 5: like the name, you think these people own it, but

1394
01:01:55,000 --> 01:01:55,640
Speaker 5: they really don't.

1395
01:01:55,640 --> 01:01:58,400
Speaker 3: We talked about that, Yeah, Virgil, Donna Karen, Yeah.

1396
01:01:58,560 --> 01:02:02,920
Speaker 5: He's Donna Karen, perfect example. So it's a lot of

1397
01:02:02,920 --> 01:02:06,720
Speaker 5: these situations where it's like your name is attached to

1398
01:02:06,720 --> 01:02:08,320
Speaker 5: something that you don't even have any control over.

1399
01:02:08,520 --> 01:02:10,600
Speaker 6: What was us four hundred pion she sold it now

1400
01:02:10,600 --> 01:02:14,520
Speaker 6: it's worth like three billion, and then they put in

1401
01:02:14,560 --> 01:02:17,240
Speaker 6: any typisode that they want and downplay it kills the

1402
01:02:17,320 --> 01:02:19,280
Speaker 6: name because it's like now the branded name business shrug.

1403
01:02:19,840 --> 01:02:23,680
Speaker 5: Yeah, yeah, something to think about. Yeah, man, something to

1404
01:02:23,680 --> 01:02:30,480
Speaker 5: think about. So your status storytell nostalgic episode. Uh so

1405
01:02:31,160 --> 01:02:33,760
Speaker 5: once again, thank you guys for rocking with us. But

1406
01:02:33,840 --> 01:02:37,760
Speaker 5: before we go, once again, we got drilled down on Philadelphia. Yeah,

1407
01:02:37,880 --> 01:02:41,160
Speaker 5: it's going to be crazy live podcast, networking events workshop,

1408
01:02:41,680 --> 01:02:44,560
Speaker 5: two days, situation, don't wait, don't.

1409
01:02:44,400 --> 01:02:45,960
Speaker 3: Hesitate, open barcaded.

1410
01:02:46,200 --> 01:02:50,560
Speaker 5: Yes, get your tickets eyl experience dot com. Like I said,

1411
01:02:50,560 --> 01:02:52,600
Speaker 5: it's about ten days out by the times episode comes

1412
01:02:52,600 --> 01:02:55,600
Speaker 5: out yep, so we're looking forward to it. And yeah,

1413
01:02:55,600 --> 01:02:56,520
Speaker 5: you got housekeeping items.

1414
01:02:56,560 --> 01:02:58,520
Speaker 3: Yeah. Man. Shout to everybody on Patreon. I know people

1415
01:02:58,600 --> 01:03:00,440
Speaker 3: be like, y oh, man, I get my shot yet yo.

1416
01:03:00,520 --> 01:03:05,080
Speaker 6: Shout out to James keiloh c Marie Tanico in Jessica.

1417
01:03:05,120 --> 01:03:07,560
Speaker 3: We had an amazing conversation with Jessica. Shout out to her.

1418
01:03:07,680 --> 01:03:11,280
Speaker 6: Hopefully she'll it'll lead to some some future business endeavors

1419
01:03:11,280 --> 01:03:13,680
Speaker 6: that we do with her. Like people know that we

1420
01:03:13,720 --> 01:03:16,560
Speaker 6: connected with bredon Mitchell thro Patreon and now he's a

1421
01:03:16,560 --> 01:03:19,160
Speaker 6: business partner us. So shout everybody that's using brand resumes

1422
01:03:19,440 --> 01:03:20,640
Speaker 6: that amazing service that they have.

1423
01:03:21,240 --> 01:03:23,320
Speaker 3: And man, we had a group of conversations.

1424
01:03:23,320 --> 01:03:25,040
Speaker 6: He brought his brother in the conversation, So shout out

1425
01:03:25,040 --> 01:03:26,440
Speaker 6: to him out in Texas.

1426
01:03:26,440 --> 01:03:26,600
Speaker 3: Man.

1427
01:03:26,680 --> 01:03:30,520
Speaker 6: Everybody that's on Patreon, obviously you know that there's different tiers,

1428
01:03:30,560 --> 01:03:32,880
Speaker 6: and obviously we've out added some more things for you

1429
01:03:33,640 --> 01:03:35,760
Speaker 6: just because we think y'all need it more. So shout

1430
01:03:35,760 --> 01:03:37,680
Speaker 6: everybody that's there and that's supporting through that and everybody

1431
01:03:37,720 --> 01:03:40,320
Speaker 6: that's supporting our merch. We got our tracksuits when everybody

1432
01:03:40,400 --> 01:03:42,080
Speaker 6: was like, yo, man, we gotta put the track suits

1433
01:03:42,080 --> 01:03:44,280
Speaker 6: on the site so they there, so make sure to

1434
01:03:44,320 --> 01:03:47,560
Speaker 6: purchase that and we look forward to seeing everybody in Philadelphia.

1435
01:03:47,200 --> 01:03:49,680
Speaker 5: The traction vibe shout beyond winning. Kept asking me you

1436
01:03:49,760 --> 01:03:52,840
Speaker 5: know they were I got one form. I got one

1437
01:03:52,880 --> 01:03:56,960
Speaker 5: form just off the strength. But yes, shout out to

1438
01:03:56,960 --> 01:03:59,520
Speaker 5: our Cleveland family. A lot of people's actions about the

1439
01:03:59,520 --> 01:04:02,880
Speaker 5: tracksuits Eyo University track Suits is on our site. E

1440
01:04:03,120 --> 01:04:06,120
Speaker 5: y l earn your leisure dot com. All of the

1441
01:04:06,160 --> 01:04:08,040
Speaker 5: information for everything that we do is on early Leasure

1442
01:04:08,080 --> 01:04:10,400
Speaker 5: dot com. But happy birthday to you as well. By

1443
01:04:10,440 --> 01:04:11,840
Speaker 5: the timas episode comes out.

1444
01:04:12,240 --> 01:04:14,560
Speaker 3: Most of y'all know that this this guy had as brothers.

1445
01:04:14,600 --> 01:04:16,840
Speaker 5: Man, Yeah, I think this will come out one day

1446
01:04:16,840 --> 01:04:17,640
Speaker 5: before your birthday.

1447
01:04:17,680 --> 01:04:18,280
Speaker 3: Appreciate that.

1448
01:04:18,520 --> 01:04:21,520
Speaker 5: Also e y L University with something that you know,

1449
01:04:21,560 --> 01:04:26,280
Speaker 5: we pushed. We just had a class actually yesterday about Nika.

1450
01:04:26,440 --> 01:04:29,360
Speaker 5: It was like a free class and help people out

1451
01:04:29,360 --> 01:04:32,280
Speaker 5: and guide them on different ways to purchase property without

1452
01:04:32,280 --> 01:04:34,320
Speaker 5: putting any down payment. And like we do like the

1453
01:04:34,360 --> 01:04:37,160
Speaker 5: free class like once a once a month, so we a.

1454
01:04:37,120 --> 01:04:38,560
Speaker 3: Lot of people get to get engaged, to get to

1455
01:04:38,560 --> 01:04:39,080
Speaker 3: ask questions.

1456
01:04:39,440 --> 01:04:41,000
Speaker 5: That's like a preview of like what to expect.

1457
01:04:41,200 --> 01:04:41,720
Speaker 3: I'm in there.

1458
01:04:41,760 --> 01:04:43,440
Speaker 6: I'm always in there, so like people like they'll see

1459
01:04:43,600 --> 01:04:45,480
Speaker 6: that we we we're in those classes too because were

1460
01:04:45,440 --> 01:04:46,320
Speaker 6: trying to learn too.

1461
01:04:46,480 --> 01:04:50,680
Speaker 5: Yeah for sure. And U YouTube. Every day we drop

1462
01:04:50,760 --> 01:04:52,640
Speaker 5: content on YouTube. That's something so a lot of people

1463
01:04:52,720 --> 01:04:54,840
Speaker 5: listen to us on audio and that's way we appreciate that.

1464
01:04:54,920 --> 01:04:56,960
Speaker 5: But if you want the visual experience, or if you

1465
01:04:57,000 --> 01:04:59,680
Speaker 5: want like we take clips from different shows and we

1466
01:04:59,680 --> 01:05:00,440
Speaker 5: put it on YouTube.

1467
01:05:00,440 --> 01:05:02,840
Speaker 6: Shout shout out to everybody that tuned into the Al

1468
01:05:02,880 --> 01:05:03,560
Speaker 6: Harrington clip.

1469
01:05:03,920 --> 01:05:04,880
Speaker 3: Thought that was dope with the future.

1470
01:05:05,080 --> 01:05:07,480
Speaker 5: People know we interviewed out it's crazy like he needs

1471
01:05:07,480 --> 01:05:10,120
Speaker 5: a whole hour. I'm like, okay, episode. But that's a

1472
01:05:10,120 --> 01:05:11,360
Speaker 5: good thing about the YouTube is like we do an

1473
01:05:11,360 --> 01:05:13,360
Speaker 5: episode and you might be new to earn your leision.

1474
01:05:13,480 --> 01:05:15,480
Speaker 5: It might have been done five months ago, but we

1475
01:05:15,520 --> 01:05:18,040
Speaker 5: can drop a clip today and it's like, oh okay,

1476
01:05:18,120 --> 01:05:19,600
Speaker 5: and then you might go back and look at the

1477
01:05:19,600 --> 01:05:22,840
Speaker 5: whole episode. So yeah, YouTube is a whole visual experience

1478
01:05:22,880 --> 01:05:24,360
Speaker 5: and we drop a lot of content on there, and

1479
01:05:24,400 --> 01:05:25,880
Speaker 5: then in Patreon, we're gonna be doing some more.

1480
01:05:26,280 --> 01:05:28,000
Speaker 3: Patreon don't have exclusive episodes.

1481
01:05:27,680 --> 01:05:32,120
Speaker 5: Yeah, Patreon's gonna have exclusive episodes and transcript situation.

1482
01:05:31,800 --> 01:05:34,800
Speaker 6: Transcript Joints is going to be launched. Yeah, and shout

1483
01:05:34,800 --> 01:05:37,439
Speaker 6: out to Shamida. Yeah, she's a part of the team.

1484
01:05:37,480 --> 01:05:39,360
Speaker 6: She's doing the transcript. So like a lot of people

1485
01:05:39,720 --> 01:05:42,360
Speaker 6: listen to us through audio while driving that at work

1486
01:05:42,400 --> 01:05:43,720
Speaker 6: and they never get to write down notes.

1487
01:05:43,760 --> 01:05:45,800
Speaker 3: They want to, but they can't. So we're gonna help

1488
01:05:45,800 --> 01:05:46,120
Speaker 3: you all out.

1489
01:05:46,120 --> 01:05:49,280
Speaker 6: We're gonna transcribe some of our best segments so that

1490
01:05:49,320 --> 01:05:50,400
Speaker 6: you don't have to take notes anymore.

1491
01:05:50,440 --> 01:05:51,439
Speaker 3: They're gonna be there for you.

1492
01:05:51,520 --> 01:05:54,320
Speaker 5: Yeah, and thank you guys for rocking what else? So

1493
01:05:54,360 --> 01:05:56,520
Speaker 5: you appreciate you? Peace, Peace.

1494
01:05:57,760 --> 01:05:58,040
Speaker 2: Coach.

1495
01:05:58,160 --> 01:06:00,600
Speaker 1: The energy out there felt different. What changed for the

1496
01:06:00,640 --> 01:06:01,160
Speaker 1: team today?

1497
01:06:01,240 --> 01:06:03,920
Speaker 2: It was the new game day scratches from the California Lottery.

1498
01:06:04,080 --> 01:06:04,920
Speaker 3: Play is everything.

1499
01:06:05,240 --> 01:06:07,200
Speaker 2: Those games sent the team's energy through the roof.

1500
01:06:07,280 --> 01:06:09,240
Speaker 1: Are you saying it was the off field play that

1501
01:06:09,280 --> 01:06:10,440
Speaker 1: made the difference on the field.

1502
01:06:10,480 --> 01:06:13,240
Speaker 2: Hey, little play makes your day, and today it made

1503
01:06:13,280 --> 01:06:16,160
Speaker 2: the game. That's all for now, Coach. One more question.

1504
01:06:16,360 --> 01:06:19,160
Speaker 4: Play the new Los Angeles Chargers, San Francisco forty nine

1505
01:06:19,240 --> 01:06:22,320
Speaker 4: Ers and Los Angeles Rams scratchers from the California Lottery.

1506
01:06:22,400 --> 01:06:25,520
Speaker 4: A little play can make your day. Peace paly responsibly.

1507
01:06:25,560 --> 01:06:27,040
Speaker 4: It must be eighteen years or older to purchase play

1508
01:06:27,080 --> 01:06:27,480
Speaker 4: or claim