WEBVTT - Mercedes Streamliner and Aston Martin Vanquish

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>I'm Matt Miller and.

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<v Speaker 1>I'm Hannah Elliott, and this is Hot Pursuit.

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<v Speaker 2>Okay, we had a chance to record this from the

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<v Speaker 2>same studio in the same city today, but I screwed that.

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<v Speaker 1>No, you didn't it all. You didn't it all. And honestly,

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<v Speaker 1>I'm not at all surprised that you are not here,

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<v Speaker 1>and I really don't think you should be. I thought

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<v Speaker 1>it was really ambitious and possibly crazy that you were

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<v Speaker 1>going to be here, but I wasn't going to say anything.

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<v Speaker 2>So you are in New York City? Yeah, First of all,

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<v Speaker 2>what are you doing in New York City?

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<v Speaker 1>So I'm in New York because every year, for a

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<v Speaker 1>few days at the beginning of the year, we have

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<v Speaker 1>a Pursuits Editorial Planning meeting and we just spend a

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<v Speaker 1>few days like setting goals and planning our editorial coverages

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<v Speaker 1>much as we can, and venting and bonding. And we

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<v Speaker 1>had a big dinner last night with the team. Shout

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<v Speaker 1>out to Chris Rouser, who's the editor. We have some

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<v Speaker 1>new editors that we got to meet, and so it's

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<v Speaker 1>just sort of an annual confab of all of our

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<v Speaker 1>Pursuits coverage, which includes of course watches and art and

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<v Speaker 1>food and travel all the fun things and cars of course,

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<v Speaker 1>so it's fun.

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<v Speaker 2>I love pursuits, by the way, and I follow now

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<v Speaker 2>so many of you. I realize on Instagram that I

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<v Speaker 2>see these things happen. Obviously I follow you, and I

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<v Speaker 2>follow Chris, and I have ever since I've known you too.

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<v Speaker 2>But Sarah Rappaport used to work with me in TV Pursuits.

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<v Speaker 1>Yes, and she's killing it. She Sarah is based in London,

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<v Speaker 1>as you know, and she's killing it, especially with these

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<v Speaker 1>really high dollar real estate listings that she goes to

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<v Speaker 1>see and then she gets all of this very great

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<v Speaker 1>I don't want to say gossipy because that sounds like

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<v Speaker 1>it's trivializing it, but really insidery information about these really

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<v Speaker 1>cool spots. So yeah, she's doing great. And of course

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<v Speaker 1>Kate Crater does our food coverage and like every every

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<v Speaker 1>seems to just be in love with her, so she's great.

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<v Speaker 1>And then James Tarmi of course does our real real

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<v Speaker 1>other real estate, but also a lot of art and sales,

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<v Speaker 1>so he's great. And of course Nikki Extine the travels

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<v Speaker 1>are yes.

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<v Speaker 2>And I used some of her tips over the last

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<v Speaker 2>couple of weeks Nikki stuff, and I had an insane.

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<v Speaker 1>I want to trip, tell me everything.

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<v Speaker 2>So first of all, I went to a very remote

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<v Speaker 2>spot in Indonesia and West Papua actually for a couple

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<v Speaker 2>of weeks of scuba diving. And it's my fourth time

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<v Speaker 2>at this one resort. It's called Missoul and it is

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<v Speaker 2>my one of my favorite places on Earth, if not mine.

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<v Speaker 1>You had been there before and I've.

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<v Speaker 2>Been there for it. Yeah, it's it's the best diving

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<v Speaker 2>that I've ever seen. And I've dived in a lot

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<v Speaker 2>of different locations and the Caribbean, in Europe and the US,

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<v Speaker 2>but nothing compares to Raja Ampat, which is where the

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<v Speaker 2>seool is. So that was amazing. But the thing is,

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<v Speaker 2>it takes forever to get there.

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<v Speaker 1>How did you get back? Walk us through your return itinerary.

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<v Speaker 2>So the place is five hours away by boat from

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<v Speaker 2>any airport and from any land. So we had to

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<v Speaker 2>take a five hour speedboat to Sarong, which is like.

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<v Speaker 1>This is going back, this is coming back to the States.

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<v Speaker 2>Yeah, coming back to the States. Okay, I did the

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<v Speaker 2>same thing in reverse. So then in Sarong, you've got

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<v Speaker 2>to sleep there. There's only like one flight in and

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<v Speaker 2>out of sarm to Jakarta, so you've got to sleep

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<v Speaker 2>in Soong. You fly to Jakarta the next morning, and

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<v Speaker 2>then from Jakarta you can go any number of ways.

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<v Speaker 2>We've gone through Tokyo, We've gone through Istanbul, We've gone

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<v Speaker 2>through Doha, and this time we chose to go through Singapore, okay,

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<v Speaker 2>which is very cool. And on the way there we

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<v Speaker 2>actually stopped and spent a couple of days in Singapore.

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<v Speaker 2>That's where I used some of Nikki's tips. Cool because

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<v Speaker 2>they have amazing architecture and hotels and it's such a cool,

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<v Speaker 2>like cool trading spot that was set up by like Raffles,

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<v Speaker 2>some British you know, colonialist a couple hundred years ago.

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<v Speaker 2>So it was really fun for me. But the flight

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<v Speaker 2>from Singapore back to New York is eighteen hours.

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<v Speaker 1>So I've never been on a flight that long. That's

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<v Speaker 1>really really long.

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<v Speaker 2>It's insane. It's just so so nuts.

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<v Speaker 1>Yeah, I mean, what did you do on the flight.

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<v Speaker 2>On the way there, I watched like six movies. Yeah,

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<v Speaker 2>And on the way back I tried to sleep as

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<v Speaker 2>much as I could because I was getting back at

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<v Speaker 2>six and I wanted to get six am, Yeah, six am,

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<v Speaker 2>and I wanted to get to work. Yeah yeah. But

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<v Speaker 2>by the time we landed and got through customs and stuff,

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<v Speaker 2>I realized I would be no good to anybody in

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<v Speaker 2>the office.

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<v Speaker 1>Yeah, yeah, that seems right. What were the travel tips

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<v Speaker 1>that you used in Singapore? I'm curious did any in

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<v Speaker 1>particular stand out?

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<v Speaker 2>Well, just the hotels there are amazing. I mean, some

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<v Speaker 2>of them obviously are not and some of them are.

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<v Speaker 2>But because it's such a new city, you know, in

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<v Speaker 2>the late eighteen hundreds, nobody lived there, or only a

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<v Speaker 2>few Malaysians kind of lived there, and the British found

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<v Speaker 2>this area, and some Chinese had emigrated there. But there

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<v Speaker 2>were literally a few hundred people living in Singapore, right

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<v Speaker 2>and now there are millions. So because it's so new,

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<v Speaker 2>they've been able to completely build it, you know, planet

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<v Speaker 2>with modern engineering, and they've developed a marina and around

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<v Speaker 2>the trading port that is just spectacular to see. And

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<v Speaker 2>you know, they the one of the hotels, the Marina

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<v Speaker 2>Bay Hotel where we stayed, has a few different skyscrapers

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<v Speaker 2>and then on top there's this giant what looks like

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<v Speaker 2>a huge cucumber or a bag get that goes across

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<v Speaker 2>all of the skyscrapers and it's just amazing. There's an

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<v Speaker 2>infinity pool, it's a pool. There're some trendy restaurants up there.

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<v Speaker 2>There's a lot of shopping. That was one thing that

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<v Speaker 2>disappointed me is the shopping.

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<v Speaker 1>What were you shopping for? In particular?

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<v Speaker 2>I just when I go to someplace unusual. For example,

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<v Speaker 2>when I go to Tokyo, I like to go to

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<v Speaker 2>the real McCoy's or check out you know, some local

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<v Speaker 2>leather shops.

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<v Speaker 1>I was waiting for the leather jacket.

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<v Speaker 2>Yes, exactly, these things that you can only get in Tokyo.

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<v Speaker 2>You know, Clinch boots in Singapore, all the stuff, all

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<v Speaker 2>the shopping stuff with stuff I could get on Fifth Avenue,

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<v Speaker 2>like the same store, same brand, Bomber.

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<v Speaker 1>Right, yeah, yeah. How was the diving?

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<v Speaker 2>On another note, the diving was amazing.

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<v Speaker 1>It was good. What animals did you see?

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<v Speaker 2>I mean, there are so many fish there. This place

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<v Speaker 2>in Raja on pot is one of the few spots

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<v Speaker 2>on the globe where the biodiversity of fish is growing

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<v Speaker 2>rather than declining. Because of the work that that Missoul

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<v Speaker 2>has done, they created this huge twelve hundred square kilometer

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<v Speaker 2>no no take zone, so they've there's no fishing there anymore.

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<v Speaker 2>They started it about thirty years ago because they found

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<v Speaker 2>a shark finning camp and all of the different species

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<v Speaker 2>were being desid.

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<v Speaker 1>I remember you said that.

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<v Speaker 2>So now it's flourishing and the corals alive and colorful

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<v Speaker 2>and beautiful, and.

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<v Speaker 1>That's so cool.

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<v Speaker 2>Yeah, it's amazing.

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<v Speaker 1>You don't look too sunburned.

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<v Speaker 2>I mean, you look like you got some but I'm underwater.

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<v Speaker 2>I was diving like four times a day, right, amazing,

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<v Speaker 2>But it was pretty cool. I did see some I

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<v Speaker 2>was looking around for some strange cars when I was in Indonesia.

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<v Speaker 2>When I was in Singapore, I saw a lot of

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<v Speaker 2>Chinese cars.

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<v Speaker 1>Again, I gotta get to China.

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<v Speaker 2>Stuff that I'd never seen. Like I was riding around

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<v Speaker 2>in this MG, the British brand van. It's not a

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<v Speaker 2>British Wow electric electric like a mini van, although a

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<v Speaker 2>little larger than you'd think a minivan would be.

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<v Speaker 1>Was that an uber or some sort of like yeah, interesting, okay,

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<v Speaker 1>a grab which is like that's funny. Was it good?

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<v Speaker 1>I mean, what was it like?

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<v Speaker 2>It was?

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<v Speaker 1>Uh?

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<v Speaker 2>Yeah, it was pretty great for utilitarian you know, purpose vehicle.

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<v Speaker 2>I saw a lot of hot cars when we pulled

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<v Speaker 2>up to the Conrad Hotel, which is like a Hilton.

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<v Speaker 2>I guess that was like Paris's grandfather or whatever. I

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<v Speaker 2>saw revuel to an orange Revoel toe okay, parked next

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<v Speaker 2>to McLaren seven point fifty, and there was uh, what's

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<v Speaker 2>the rolls Royce suv I always forget the name culling

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<v Speaker 2>in Yeah, and a Ferrari. I think there's a for

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<v Speaker 2>eighty eight. So there were a bunch of these cars

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<v Speaker 2>and I asked the guy at the counter. I was like, yo,

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<v Speaker 2>are these hotel cars? Like? Can I take one of these?

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<v Speaker 2>At first spin? He says, no, These are just local

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<v Speaker 2>businessmen because there's a bar here. They come after to

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<v Speaker 2>have drinks with their colleagues.

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<v Speaker 1>Oh okay, cool, did you see anything?

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<v Speaker 2>It was four o'clock.

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<v Speaker 1>Old cars, well you know old cars.

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<v Speaker 2>No, not really nothing. No. In Indonesia it's mostly you know,

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<v Speaker 2>beat up plate model Japanese and uh, Korean and Chinese

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<v Speaker 2>mini vans for taxis and then scooters. But everybody loves

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<v Speaker 2>Moto GP, which made me feel really home. Even our

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<v Speaker 2>dive guides were all you know, had chosen either Yamaha

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<v Speaker 2>or Handa or Dukati, and a lot of these brands,

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<v Speaker 2>like Honda has their motto is Satuhati, which means one heart,

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<v Speaker 2>and Yamaha's motto is also in Indonesian. I think it's

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<v Speaker 2>semicon d depen which means never behind.

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<v Speaker 1>And they choose these great information yeah.

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<v Speaker 2>Mottos because so many Indonesian people watch Moto GP.

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<v Speaker 1>Wow. So if you disappear ever, we should look for

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<v Speaker 1>you in Indonesia.

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<v Speaker 2>Yeah, look for me in Indonesia.

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<v Speaker 1>Yeah, we won't look for you in Indonesia. Perfect. I

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<v Speaker 1>mean it sounds like you sort of dropped right in

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<v Speaker 1>and felt really comfortable and at home. That's cool.

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<v Speaker 2>Yeah, I've already made reservations again for twenty twenty seven.

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<v Speaker 2>You're a kidding me twenty nine.

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<v Speaker 1>Wow, So it's like in every other year type of thing.

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<v Speaker 2>Yeah.

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<v Speaker 1>Cool.

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<v Speaker 2>And they're sold out a lot too, so you can

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<v Speaker 2>have a fewer servas and then cool. By the way,

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<v Speaker 2>speaking of racing, not Motor GP but Formula one, I

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<v Speaker 2>was reading a story that you did on a Mercedes

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<v Speaker 2>that went over the block for a lot of money.

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<v Speaker 2>But in the story deeper down, uh, you reported on

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<v Speaker 2>a couple of other more recent Formula One cars that

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<v Speaker 2>have gone for big money. Yeah, I thought it was

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<v Speaker 2>interesting that I didn't know. I'm you know, people who

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<v Speaker 2>follow this stuff do. But Lewis Hamilton's Mercedes Formula one

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<v Speaker 2>Mercedes went for basically twice the price of Mikhael Schumacher's Ferrari. Yeah,

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<v Speaker 2>and it stuns me.

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<v Speaker 1>Yes.

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<v Speaker 2>Yeah, the sales were like this year, right or recent?

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<v Speaker 1>Yeah? So Hamilton Hamilton sold Is in twenty twenty three

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<v Speaker 1>for Yeah, I mean almost twenty million, eighteen point eight million.

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<v Speaker 1>But were you saying that you'd rather have Shoemachers.

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<v Speaker 2>Yes, and I'm not. It's not an argument of about

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<v Speaker 2>who's better better. I know that Hamilton, you know, is

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<v Speaker 2>could be the greatest of all time and he is

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<v Speaker 2>still in the midst of making his right his legend. Right,

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<v Speaker 2>got Ferrari now, but it's not a Ferrari right. So,

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<v Speaker 2>and Schumacher also for people, I feel like, for people

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<v Speaker 2>who are buying eight nine million dollar cars, right went

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<v Speaker 2>I think it went for nine million dollars.

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<v Speaker 1>Seven point five, well seven point five probably before premium.

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<v Speaker 2>They must they must be, you know, want the Ferrari more,

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<v Speaker 2>I would think, and Also, the Ferrari is from the

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<v Speaker 2>golden era of Formula One, before it was sort of

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<v Speaker 2>dumbed down to like turbocharged two liter four cylinders.

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<v Speaker 1>You know, this real use. Now, this is really interesting

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<v Speaker 1>because you bring up a really good point that, Okay,

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<v Speaker 1>the number one most expensive car that's ever been sold

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<v Speaker 1>is Uhlin aut Coupe, which is a Mercedes which sold

0:12:54.760 --> 0:12:57.520
<v Speaker 1>for one hundred and forty two million dollars in twenty

0:12:57.559 --> 0:12:59.720
<v Speaker 1>twenty two. And then this.

0:13:00.080 --> 0:13:03.119
<v Speaker 2>Very old one and that's it, that's all right.

0:13:03.200 --> 0:13:06.160
<v Speaker 1>Yeah, that's an old one from the fifties. And then

0:13:06.760 --> 0:13:12.439
<v Speaker 1>this nineteen fifty four also Mercedes Streamliner that sold for

0:13:12.640 --> 0:13:18.960
<v Speaker 1>almost fifty million this week last Saturday, is the second

0:13:19.080 --> 0:13:24.080
<v Speaker 1>highest price ever taken in public at auction. So both

0:13:24.080 --> 0:13:29.040
<v Speaker 1>of those top sales are Mercedes vehicles, which is interesting

0:13:29.080 --> 0:13:31.960
<v Speaker 1>because generally Ferraris are considered, you know, the top the

0:13:31.960 --> 0:13:33.199
<v Speaker 1>blue chip vehicles.

0:13:33.800 --> 0:13:39.680
<v Speaker 2>Although Fanngio drove the Streamliner that you wrote about last week.

0:13:39.760 --> 0:13:42.480
<v Speaker 1>Yeah but it but he didn't win any Formula races.

0:13:42.559 --> 0:13:45.520
<v Speaker 1>Like the thing about this car, and once we get

0:13:45.559 --> 0:13:49.240
<v Speaker 1>into such weird high rare air, I mean, it's all

0:13:49.280 --> 0:13:52.120
<v Speaker 1>just sort of theoretical anyway. But The thing about this

0:13:52.520 --> 0:13:55.319
<v Speaker 1>this Streamliner is yes, Fangio drove it, and so did

0:13:55.320 --> 0:13:58.920
<v Speaker 1>Sterling Moss, but it didn't actually win any significant races.

0:13:59.520 --> 0:14:01.840
<v Speaker 1>You know. They Sterling Moss had a couple of fast

0:14:01.920 --> 0:14:05.640
<v Speaker 1>laps in it, and Fangio won sort of an exhibition

0:14:05.720 --> 0:14:09.000
<v Speaker 1>style race in Buenos Aires that I'm sure was really cool,

0:14:09.040 --> 0:14:11.080
<v Speaker 1>and he did it. You know. The race was actually

0:14:11.720 --> 0:14:15.680
<v Speaker 1>two different days of racing that they like averaged the time,

0:14:15.800 --> 0:14:19.600
<v Speaker 1>so it was little. It wasn't actually a Formula one race.

0:14:20.840 --> 0:14:23.320
<v Speaker 1>So when you talk to people who know these cars

0:14:23.320 --> 0:14:25.080
<v Speaker 1>really well, they're like, well, of course it's a very

0:14:25.080 --> 0:14:28.400
<v Speaker 1>special car, but it's not the most special And part

0:14:28.440 --> 0:14:30.160
<v Speaker 1>of the reason why it's not is because it hadn't

0:14:30.240 --> 0:14:34.960
<v Speaker 1>won any real significant Formula one races. I mean again,

0:14:35.440 --> 0:14:37.040
<v Speaker 1>for so those.

0:14:36.880 --> 0:14:41.520
<v Speaker 2>Two Mercedes, right the the Streamliner which is the WA

0:14:41.640 --> 0:14:46.760
<v Speaker 2>ninety six R and the three hundred SLR uln Hoowe

0:14:46.800 --> 0:14:50.160
<v Speaker 2>to Coop, which is like obviously, you know, one of

0:14:50.200 --> 0:14:52.920
<v Speaker 2>the most famous Mercedes of all time. Those are from

0:14:52.960 --> 0:14:55.840
<v Speaker 2>the mid fifties. Yeah, so they're not going to be

0:14:55.920 --> 0:14:59.600
<v Speaker 2>many of those left, right, the Formula one cars that Hamilton,

0:15:00.640 --> 0:15:03.280
<v Speaker 2>the Hamilton car and even the shoe meee car was

0:15:03.280 --> 0:15:07.720
<v Speaker 2>I think from two thousand ish, So you know those

0:15:08.520 --> 0:15:10.640
<v Speaker 2>there are other are others out there.

0:15:10.800 --> 0:15:14.320
<v Speaker 1>Right, That's the other thing. The Uhlin hought is considered

0:15:14.320 --> 0:15:17.360
<v Speaker 1>a one of a two car, one of two. This Streamliner,

0:15:17.640 --> 0:15:20.160
<v Speaker 1>there were fourteen of them made. This is you know,

0:15:20.240 --> 0:15:23.240
<v Speaker 1>one of four in the same body style that are remaining.

0:15:23.800 --> 0:15:27.280
<v Speaker 1>But one in four is twice as many as one

0:15:27.320 --> 0:15:31.240
<v Speaker 1>and two. And you know, again these are like we're

0:15:31.240 --> 0:15:35.600
<v Speaker 1>splitting hairs here, but one of two is a lot

0:15:35.640 --> 0:15:38.000
<v Speaker 1>more rare than one of four. And the idea that

0:15:38.200 --> 0:15:42.800
<v Speaker 1>you could potentially buy a Streamliner again in the next

0:15:42.840 --> 0:15:49.280
<v Speaker 1>decade or two, you know, makes it considered less rare. Yeah.

0:15:49.360 --> 0:15:52.000
<v Speaker 2>The other thing, so I like the Streamliner better than

0:15:52.000 --> 0:15:56.640
<v Speaker 2>the ul and hout why at least I like one

0:15:56.800 --> 0:16:01.200
<v Speaker 2>version that the Streamliner has been because I like the

0:16:01.240 --> 0:16:04.360
<v Speaker 2>open wheel, you know, the big mouth on the front

0:16:05.960 --> 0:16:09.640
<v Speaker 2>Formula race cars. But I've seen a few different bodies

0:16:09.680 --> 0:16:12.360
<v Speaker 2>on that car, because as you poured out in your story,

0:16:14.000 --> 0:16:17.360
<v Speaker 2>a lot of the pieces have changed, like even the

0:16:17.480 --> 0:16:19.080
<v Speaker 2>chassis plate may be gone.

0:16:20.040 --> 0:16:22.480
<v Speaker 1>Well, that's the other thing, you know. Do you know

0:16:22.560 --> 0:16:25.520
<v Speaker 1>that paradox called the ship of theseus paradox.

0:16:25.920 --> 0:16:27.960
<v Speaker 2>I didn't know it before I read your story.

0:16:28.120 --> 0:16:30.480
<v Speaker 1>So this is basically a thing where you know, the

0:16:30.560 --> 0:16:35.160
<v Speaker 1>idea is, if you're constantly replacing a board on a ship,

0:16:35.520 --> 0:16:41.080
<v Speaker 1>so much so that the ship is basically being replaced

0:16:41.080 --> 0:16:43.000
<v Speaker 1>by new wood all the time, at what point does

0:16:43.000 --> 0:16:45.760
<v Speaker 1>a ship not become the same ship as it was?

0:16:46.120 --> 0:16:48.480
<v Speaker 1>And it's kind of a vanishing horizon. And the same

0:16:48.520 --> 0:16:51.560
<v Speaker 1>applies to these cars, where you know, race cars are

0:16:52.600 --> 0:16:56.800
<v Speaker 1>sometimes modified during the race. You know, no good race

0:16:56.840 --> 0:17:01.440
<v Speaker 1>car that has one significant races has escaped racing incidents. Rubbing,

0:17:02.040 --> 0:17:04.520
<v Speaker 1>you know, rubbing is racing, a little nudge here there,

0:17:04.800 --> 0:17:08.399
<v Speaker 1>possibly an accident, possibly a rollover, who knows what. And

0:17:08.560 --> 0:17:12.240
<v Speaker 1>obviously components and even engines are changed pretty consistently on

0:17:12.320 --> 0:17:15.520
<v Speaker 1>race cars. So the idea that you would get a

0:17:15.600 --> 0:17:19.639
<v Speaker 1>sort of quote unquote original or untouched car, which we

0:17:19.720 --> 0:17:23.119
<v Speaker 1>think really would lend to a higher price tech it

0:17:23.160 --> 0:17:25.440
<v Speaker 1>doesn't really apply to these race cars. So you're right

0:17:25.440 --> 0:17:28.120
<v Speaker 1>to your point. This Streamliner was made to be able

0:17:28.160 --> 0:17:30.800
<v Speaker 1>to be in different body styles. There was an open

0:17:30.800 --> 0:17:33.680
<v Speaker 1>wheel body type and then of course the streamliner body

0:17:33.680 --> 0:17:37.719
<v Speaker 1>type that was better suited toward long, broad super fast racetracks.

0:17:38.280 --> 0:17:42.640
<v Speaker 1>I think the streamliner look is really cool, the sculptural

0:17:44.520 --> 0:17:47.479
<v Speaker 1>part of it, I mean, the open the open wheel

0:17:47.520 --> 0:17:51.399
<v Speaker 1>to me looks more old school like old Yeah, the

0:17:51.400 --> 0:17:54.199
<v Speaker 1>Streamliner looks actually kind of futuristic, which I think is

0:17:54.200 --> 0:17:54.680
<v Speaker 1>really cool.

0:17:55.000 --> 0:17:59.040
<v Speaker 2>The old school like formula open wheel racer is what

0:17:59.080 --> 0:18:03.320
<v Speaker 2>I would love to have, But nobody makes anything like

0:18:03.359 --> 0:18:05.920
<v Speaker 2>that now except for in kit car form.

0:18:06.200 --> 0:18:09.040
<v Speaker 1>Yeah. I mean. The other thing that is really interesting

0:18:09.359 --> 0:18:13.960
<v Speaker 1>as we're talking about Ferrari versus Mercedes, is there was

0:18:14.000 --> 0:18:18.080
<v Speaker 1>another car that is part of this series of sales.

0:18:18.119 --> 0:18:20.640
<v Speaker 1>We should say that this Streamliner, this nineteen fifty four

0:18:20.720 --> 0:18:24.719
<v Speaker 1>Mercedes Streamliner, is part of a three series sale of

0:18:24.840 --> 0:18:27.680
<v Speaker 1>cars that the Indie Museum is auctioning off to raise

0:18:27.720 --> 0:18:30.399
<v Speaker 1>money for their endowment. And the second car in that

0:18:30.600 --> 0:18:33.679
<v Speaker 1>sale was a nineteen sixty four Ferrari two to fifty

0:18:33.840 --> 0:18:38.679
<v Speaker 1>LM with actually a better racing history than this Mercedes.

0:18:38.800 --> 0:18:40.879
<v Speaker 1>This Ferrari, this nineteen sixty four number one, it's a

0:18:40.880 --> 0:18:44.159
<v Speaker 1>Ferrari number two had actually one Lamont outright, so it

0:18:44.200 --> 0:18:47.800
<v Speaker 1>has a significant race when under its belt. But that

0:18:47.840 --> 0:18:52.000
<v Speaker 1>car sold for just under thirty two million. You know,

0:18:52.080 --> 0:18:55.960
<v Speaker 1>it's not as rare as the Mercedes. So it's I

0:18:55.960 --> 0:18:58.879
<v Speaker 1>don't know, it's interesting. Some of these Mercedes just really

0:18:58.920 --> 0:19:02.439
<v Speaker 1>seem to pop and turn terms of the value in

0:19:02.480 --> 0:19:05.520
<v Speaker 1>a way that the Ferraris haven't lately. But you could

0:19:05.560 --> 0:19:06.359
<v Speaker 1>argue they're more rare.

0:19:07.320 --> 0:19:09.960
<v Speaker 2>Yeah, and I guess the rarity is part of it.

0:19:10.000 --> 0:19:12.679
<v Speaker 2>And even though the race cars have been you know,

0:19:12.760 --> 0:19:17.040
<v Speaker 2>have had almost every single piece replaced, they still have that,

0:19:17.520 --> 0:19:19.240
<v Speaker 2>you know, the idea that Sterling Moss drove it, or

0:19:19.240 --> 0:19:22.040
<v Speaker 2>that totally Angio drove it, or that Shoe Me drove it.

0:19:22.440 --> 0:19:24.040
<v Speaker 1>If you were going to buy one of these cars,

0:19:24.040 --> 0:19:27.040
<v Speaker 1>would that really make a difference for you personally knowing

0:19:27.080 --> 0:19:28.440
<v Speaker 1>that somebody really famous.

0:19:28.720 --> 0:19:32.640
<v Speaker 2>So I don't have obviously those kind of funds, but yeah,

0:19:32.800 --> 0:19:34.919
<v Speaker 2>I think it would interesting to have something in my

0:19:34.920 --> 0:19:39.480
<v Speaker 2>garage that Sterling Moss drove, Yeah, yeah, or that Fungio drove.

0:19:39.600 --> 0:19:41.720
<v Speaker 2>Then I think it makes a big difference.

0:19:41.960 --> 0:19:44.879
<v Speaker 1>I mean, I know, intellectually it does. I don't on

0:19:44.920 --> 0:19:49.200
<v Speaker 1>a personal level, I don't really care, you know, so

0:19:49.280 --> 0:19:51.480
<v Speaker 1>some old guy sat in it for a for a

0:19:51.480 --> 0:19:54.320
<v Speaker 1>few laps around a racetrack. To me, it's like, I

0:19:54.359 --> 0:19:56.879
<v Speaker 1>don't I care if the car looks cool, and I

0:19:57.080 --> 0:19:57.320
<v Speaker 1>mean that.

0:19:59.359 --> 0:20:01.760
<v Speaker 2>Kind of this point, but you know, I would have

0:20:01.880 --> 0:20:05.880
<v Speaker 2>so much and it had been changed, like if when

0:20:05.920 --> 0:20:09.960
<v Speaker 2>Fangio drove it, if it was an open wheel race car,

0:20:10.359 --> 0:20:16.040
<v Speaker 2>and since then, you know, everything from the axles to

0:20:16.359 --> 0:20:20.320
<v Speaker 2>the body, to the seats, the steering wheel, like everything

0:20:20.400 --> 0:20:23.560
<v Speaker 2>is different and the only thing is the same as

0:20:23.600 --> 0:20:25.200
<v Speaker 2>the is the you.

0:20:25.119 --> 0:20:29.000
<v Speaker 1>Know, the chassing, the number, the number that's printed on

0:20:29.040 --> 0:20:29.560
<v Speaker 1>the chesting.

0:20:29.960 --> 0:20:31.480
<v Speaker 2>Then it would mean a lot less to me.

0:20:31.520 --> 0:20:33.959
<v Speaker 1>I had I say, yeah, yeah, I guess I can

0:20:34.040 --> 0:20:36.800
<v Speaker 1>see that. I mean, do you care that you know

0:20:36.880 --> 0:20:41.240
<v Speaker 1>that portion nine seventeen at the Mekam auction recently. Do

0:20:41.280 --> 0:20:45.719
<v Speaker 1>you do care that it had been driven by Steve McQueen.

0:20:45.800 --> 0:20:48.080
<v Speaker 1>Would that make any kind of difference to you?

0:20:48.840 --> 0:20:51.240
<v Speaker 2>Yes, I hate to say it would it would, but

0:20:51.280 --> 0:20:56.439
<v Speaker 2>it would make a huge Like Triumph sells this Bonneville

0:20:57.000 --> 0:20:59.320
<v Speaker 2>the Scrambler twelve hundred, you know, that was in the

0:20:59.320 --> 0:21:02.280
<v Speaker 2>most recent Games Bond movie, and they do a Steve

0:21:02.320 --> 0:21:06.800
<v Speaker 2>McQueen version in Dark Green, and I hate I'm not

0:21:06.840 --> 0:21:09.600
<v Speaker 2>a Steve McQueen fanboy, like I have seen a couple

0:21:09.640 --> 0:21:14.359
<v Speaker 2>of his movies, but still still like that version of

0:21:14.440 --> 0:21:16.320
<v Speaker 2>that scrambler.

0:21:16.080 --> 0:21:21.600
<v Speaker 1>Okay, Well that's fair. I wonder how relevant Steve McQueen

0:21:21.720 --> 0:21:22.679
<v Speaker 1>is these days.

0:21:23.160 --> 0:21:24.520
<v Speaker 2>Yeah, you're right for the kids, now.

0:21:24.920 --> 0:21:27.560
<v Speaker 1>Yeah, there are plenty of people who don't even know

0:21:27.600 --> 0:21:28.080
<v Speaker 1>who he is.

0:21:28.760 --> 0:21:30.359
<v Speaker 2>There are plenty of people that don't think Bullet was

0:21:30.359 --> 0:21:31.159
<v Speaker 2>a very good movie.

0:21:31.680 --> 0:21:33.800
<v Speaker 1>Well yeah, and there are plenty of people who think

0:21:33.840 --> 0:21:36.720
<v Speaker 1>Steve McQueen was a bit of a jerk. You know,

0:21:36.840 --> 0:21:38.040
<v Speaker 1>you can go down that road too.

0:21:38.160 --> 0:21:43.399
<v Speaker 2>Yeah, but anyway, anyway, I loved Bullet, and I haven't

0:21:43.440 --> 0:21:46.080
<v Speaker 2>gone down the Steve McQueen is a jerk road, although

0:21:46.119 --> 0:21:49.800
<v Speaker 2>obviously I've heard so much about it. Yeah. Yeah, I

0:21:49.840 --> 0:21:51.920
<v Speaker 2>sent you an auction car this morning. A buddy of

0:21:52.280 --> 0:21:55.720
<v Speaker 2>a buddy of mine, Yes, selling his SL six hundred.

0:21:56.840 --> 0:21:58.520
<v Speaker 2>And this is a different kind of thing. You wrote

0:21:58.520 --> 0:22:02.479
<v Speaker 2>about the W one twenty nine. Yes, and I prefer

0:22:02.920 --> 0:22:05.359
<v Speaker 2>the previous generation. But this thing is a beast.

0:22:05.680 --> 0:22:09.760
<v Speaker 1>It's got Now why is he selling it? Do you know? So?

0:22:10.000 --> 0:22:13.040
<v Speaker 2>I know that he has had one in the past.

0:22:13.400 --> 0:22:17.080
<v Speaker 2>This is a two thousand and one SL six hundred

0:22:17.160 --> 0:22:21.600
<v Speaker 2>and it's got the six lider V twelve And he

0:22:21.800 --> 0:22:25.359
<v Speaker 2>had that car exact car previously, that was a driver

0:22:25.480 --> 0:22:28.000
<v Speaker 2>for him and he put like fifty thousand miles on it,

0:22:28.720 --> 0:22:31.679
<v Speaker 2>but this particular one he picked up with just like

0:22:31.800 --> 0:22:33.240
<v Speaker 2>dealer delivery miles.

0:22:33.520 --> 0:22:35.680
<v Speaker 1>I was gonna say, I that to me is such

0:22:35.680 --> 0:22:38.600
<v Speaker 1>a red flag. One hundred and eighty seven one hundred

0:22:38.600 --> 0:22:39.760
<v Speaker 1>and eighty seven miles.

0:22:40.080 --> 0:22:42.560
<v Speaker 2>Yes, only one hundred eighty seven miles. That's because he

0:22:42.640 --> 0:22:43.400
<v Speaker 2>bought it that I.

0:22:43.320 --> 0:22:45.400
<v Speaker 1>Mean, okay, so that's fair. There's an explanation.

0:22:45.440 --> 0:22:47.879
<v Speaker 2>And the guy who bought it from the dealer and

0:22:47.960 --> 0:22:51.439
<v Speaker 2>so dealer, it's been driven. It's never been driven, and

0:22:51.480 --> 0:22:52.280
<v Speaker 2>he had it.

0:22:52.480 --> 0:22:54.520
<v Speaker 1>Has shakedown miles for sure.

0:22:55.840 --> 0:22:57.920
<v Speaker 2>He is Philip Richter, by the way. He runs the

0:22:57.960 --> 0:23:00.000
<v Speaker 2>Turtle Garage. We've had him on the show for yep,

0:23:00.080 --> 0:23:04.000
<v Speaker 2>and he's he had this car sort of on display

0:23:04.600 --> 0:23:08.520
<v Speaker 2>at the Turtle Garage. So and he has this car

0:23:08.560 --> 0:23:11.080
<v Speaker 2>show every couple of years. So he had it on display.

0:23:11.119 --> 0:23:12.600
<v Speaker 2>It was like a display model, you know.

0:23:13.119 --> 0:23:15.480
<v Speaker 1>Yeah, and I see it's got Montana plates.

0:23:15.840 --> 0:23:18.480
<v Speaker 2>It's so mint like.

0:23:18.600 --> 0:23:21.159
<v Speaker 1>It's definitely meant because it's never been driven. We got

0:23:21.240 --> 0:23:22.280
<v Speaker 1>to wear this thing in a bit.

0:23:22.440 --> 0:23:24.639
<v Speaker 2>It hasn't just never been driven and stayed there like

0:23:24.800 --> 0:23:27.639
<v Speaker 2>he keeps trailering it back and forth to the dealer,

0:23:28.200 --> 0:23:31.680
<v Speaker 2>you know, every year for whatever it needs. So what

0:23:32.880 --> 0:23:34.000
<v Speaker 2>they take very good care.

0:23:34.240 --> 0:23:37.160
<v Speaker 1>Oh god, I'm my eyes are rolling when I hear

0:23:37.200 --> 0:23:41.160
<v Speaker 1>trailering it back and forth to the dealer. And okay,

0:23:41.200 --> 0:23:42.920
<v Speaker 1>you don't know, you don't know that he's trailer. I

0:23:42.960 --> 0:23:45.199
<v Speaker 1>mean maybe one hundred and eighty seven miles came from

0:23:45.280 --> 0:23:46.840
<v Speaker 1>driving it back and forth to the dealer.

0:23:47.080 --> 0:23:49.159
<v Speaker 2>I just know that it's been back and forth to

0:23:49.200 --> 0:23:52.320
<v Speaker 2>the same dealer that sold it. So it's like, yeah,

0:23:52.640 --> 0:23:55.919
<v Speaker 2>for people who want, you know, like the Han Solo

0:23:56.040 --> 0:24:00.800
<v Speaker 2>action figure in unopened in the box, you know, that's

0:24:00.800 --> 0:24:01.480
<v Speaker 2>what this is.

0:24:01.520 --> 0:24:03.440
<v Speaker 1>That's what this is. And it's currently at one hundred

0:24:03.440 --> 0:24:05.480
<v Speaker 1>and eighty five thousand dollars. We've got four days left

0:24:05.480 --> 0:24:07.280
<v Speaker 1>on the sale. So jumping on.

0:24:07.480 --> 0:24:09.919
<v Speaker 2>Four days left on the saale. Yes, somebody was like,

0:24:10.080 --> 0:24:12.199
<v Speaker 2>I think I'll bid one hundred and eighty five grand

0:24:12.480 --> 0:24:13.600
<v Speaker 2>with four days left.

0:24:13.680 --> 0:24:16.320
<v Speaker 1>Don't you want no reserve? No reserve?

0:24:16.680 --> 0:24:19.160
<v Speaker 2>True. I asked him about no reserve because I thought

0:24:19.359 --> 0:24:22.720
<v Speaker 2>that's pretty dangerous. At least if it was my stuff,

0:24:22.720 --> 0:24:25.800
<v Speaker 2>I would feel worried about it. Yeah, but he said,

0:24:27.160 --> 0:24:31.000
<v Speaker 2>you know, contrary to what you might think, no reserve

0:24:31.080 --> 0:24:34.200
<v Speaker 2>auctions drive more people to bid higher and wait to

0:24:34.280 --> 0:24:34.680
<v Speaker 2>keep paid.

0:24:34.800 --> 0:24:36.040
<v Speaker 1>Who's your friend said that?

0:24:36.520 --> 0:24:37.200
<v Speaker 2>Yeah, Philip.

0:24:37.520 --> 0:24:39.280
<v Speaker 1>Oh.

0:24:40.000 --> 0:24:44.600
<v Speaker 2>I mean he's thought about this obviously. He works very

0:24:44.600 --> 0:24:47.159
<v Speaker 2>closely with a lot of car collectors, and he is

0:24:47.320 --> 0:24:49.960
<v Speaker 2>himself a car collector. See, he gives these things a

0:24:50.000 --> 0:24:53.119
<v Speaker 2>lot of thought. Whether you do reserve or no reserve.

0:24:53.160 --> 0:24:55.719
<v Speaker 2>I still would be too scared, soistic, because what if

0:24:55.760 --> 0:24:58.320
<v Speaker 2>the people who want the SL six hundred like are

0:24:58.440 --> 0:24:59.960
<v Speaker 2>diving in Indonesia that week?

0:25:00.240 --> 0:25:02.640
<v Speaker 1>Completely? I mean the other thing is if you really

0:25:02.640 --> 0:25:04.160
<v Speaker 1>need the cash.

0:25:03.680 --> 0:25:05.680
<v Speaker 2>I mean, there you go. I doubt that's the case,

0:25:05.920 --> 0:25:09.000
<v Speaker 2>you know, because it's on his the turtle garage is

0:25:09.080 --> 0:25:10.119
<v Speaker 2>on his horse.

0:25:09.880 --> 0:25:12.480
<v Speaker 1>Farm, so oh oh, you know.

0:25:13.280 --> 0:25:15.640
<v Speaker 2>Yeah, but I guess.

0:25:15.400 --> 0:25:17.119
<v Speaker 1>I'm going to be watching that. I mean I have

0:25:17.200 --> 0:25:20.600
<v Speaker 1>been watching a lot of Rolls Royce sales lately. I

0:25:20.640 --> 0:25:23.520
<v Speaker 1>think I've sent you a few half Yes.

0:25:23.880 --> 0:25:26.040
<v Speaker 2>Yeah, they're going for a pretty penny.

0:25:26.080 --> 0:25:28.320
<v Speaker 1>They're going for a pretty I mean there are deals

0:25:28.320 --> 0:25:30.200
<v Speaker 1>to be had, There are deals to be had. I

0:25:30.240 --> 0:25:32.840
<v Speaker 1>saw corniche go for a forty thousand, which I thought

0:25:32.840 --> 0:25:35.159
<v Speaker 1>was a good deal. Actually the other day that's a

0:25:35.200 --> 0:25:36.440
<v Speaker 1>good deal for a corniche.

0:25:38.400 --> 0:25:40.000
<v Speaker 2>Yeah, that does sound like a good deal if it.

0:25:40.880 --> 0:25:42.119
<v Speaker 2>By the way, I know not to say if it

0:25:42.160 --> 0:25:47.359
<v Speaker 2>has low miles now because I keep I keep flusting

0:25:47.400 --> 0:25:51.480
<v Speaker 2>after your nine to nine to one turbo with one

0:25:51.560 --> 0:25:52.840
<v Speaker 2>hundred and ninety thousand mind.

0:25:53.040 --> 0:25:54.439
<v Speaker 1>Yeah, I was going to say, by the way that

0:25:54.720 --> 0:25:58.159
<v Speaker 1>just crossed over, we're probably we're probably rounding down one

0:25:58.240 --> 0:26:00.760
<v Speaker 1>hundred ninety one thousand miles, to be honest, because that

0:26:00.800 --> 0:26:01.440
<v Speaker 1>was last week.

0:26:01.680 --> 0:26:03.880
<v Speaker 2>By the way, your experience with that car and your

0:26:04.000 --> 0:26:09.679
<v Speaker 2>kind of philosophy has changed the way I, you know,

0:26:09.760 --> 0:26:13.200
<v Speaker 2>window shop for cars on Bring a Trailer, but also

0:26:13.280 --> 0:26:16.639
<v Speaker 2>on Auto Trader or whatever platform I used to I

0:26:16.720 --> 0:26:18.440
<v Speaker 2>used to limit it like I only want a car

0:26:18.480 --> 0:26:21.480
<v Speaker 2>that has less than fifteen or thirty thousand miles. And

0:26:21.520 --> 0:26:25.240
<v Speaker 2>now I'm thinking if it's one owner, yeah, happy to

0:26:25.320 --> 0:26:28.359
<v Speaker 2>have and you want to check that on or was responsible.

0:26:28.359 --> 0:26:31.280
<v Speaker 2>But I'm happy to have something that has high miles.

0:26:31.480 --> 0:26:35.159
<v Speaker 1>Yeah. I think it's a case of read the room, like,

0:26:35.520 --> 0:26:38.440
<v Speaker 1>understand the context of the car. You can't just make

0:26:38.480 --> 0:26:41.879
<v Speaker 1>a blanket statement about that kind of thing. It depends

0:26:41.920 --> 0:26:44.200
<v Speaker 1>on the car, It depends on the make, it depends

0:26:44.240 --> 0:26:46.280
<v Speaker 1>on where and how the car was kept, It depends

0:26:46.320 --> 0:26:48.479
<v Speaker 1>on who owned it. And how they used it. All

0:26:48.520 --> 0:26:50.879
<v Speaker 1>of those things are important, and just the idea that

0:26:50.920 --> 0:26:55.119
<v Speaker 1>you would just say flat out it has to be

0:26:55.200 --> 0:26:59.560
<v Speaker 1>this way, I don't think is using all of the

0:26:59.600 --> 0:27:02.399
<v Speaker 1>information available, I guess I would say.

0:27:03.680 --> 0:27:06.320
<v Speaker 2>I wouldn't have any concerns about much on a high

0:27:06.359 --> 0:27:09.440
<v Speaker 2>mileage car like the motor Obviously, if it's been driven

0:27:09.480 --> 0:27:11.119
<v Speaker 2>a lot, it's been serviced.

0:27:10.760 --> 0:27:14.200
<v Speaker 1>A lot, and potentially yeah, I.

0:27:14.119 --> 0:27:16.359
<v Speaker 2>Guess the seats are maybe a little squishier than they

0:27:16.359 --> 0:27:18.159
<v Speaker 2>were before, but I don't care about that. It's the

0:27:18.200 --> 0:27:20.840
<v Speaker 2>suspension that would bother me. And I guess you get fair.

0:27:21.600 --> 0:27:24.040
<v Speaker 2>You know, of these expensive cars have air suspension that's

0:27:24.160 --> 0:27:25.359
<v Speaker 2>very expensive to replace.

0:27:25.560 --> 0:27:29.720
<v Speaker 1>That's that's totally fair. I guess it just also kind

0:27:29.760 --> 0:27:31.560
<v Speaker 1>of depends on how you want to use it and

0:27:31.640 --> 0:27:35.800
<v Speaker 1>what you're looking for. I admit that I am not

0:27:36.200 --> 0:27:40.520
<v Speaker 1>too too fussy about everything being perfect because I don't

0:27:40.520 --> 0:27:44.280
<v Speaker 1>actually think anything is perfect, and I you know, I'm

0:27:44.480 --> 0:27:48.000
<v Speaker 1>far more interested in using something for fun. If you're

0:27:48.040 --> 0:27:51.040
<v Speaker 1>going to invest in a car, and they are investments,

0:27:51.040 --> 0:27:53.399
<v Speaker 1>no matter what you what, you know you're you're putting

0:27:53.440 --> 0:27:55.560
<v Speaker 1>money toward it, you might as well get some fun

0:27:55.600 --> 0:27:55.960
<v Speaker 1>out of it.

0:28:03.680 --> 0:28:06.760
<v Speaker 2>Last two weeks. I spent the I spent my downtime

0:28:07.000 --> 0:28:10.960
<v Speaker 2>on my diving vacation rereading Zen and the Art of Motorcycles.

0:28:10.960 --> 0:28:14.320
<v Speaker 1>Oh, I need to reread that. It didn't stand up.

0:28:14.440 --> 0:28:16.600
<v Speaker 1>It was good. Yeah, I need to read it million

0:28:16.640 --> 0:28:17.000
<v Speaker 1>years ago.

0:28:17.160 --> 0:28:20.119
<v Speaker 2>It's still so good. I mean, the author clearly was

0:28:20.480 --> 0:28:21.960
<v Speaker 2>had one screw loose.

0:28:23.000 --> 0:28:25.639
<v Speaker 1>I feel like most motorcycle people do, to be honest.

0:28:25.960 --> 0:28:28.960
<v Speaker 2>Yeah, but I loved it as kind of a rebuttal

0:28:29.040 --> 0:28:32.040
<v Speaker 2>to what's the name of the guy who used to

0:28:32.119 --> 0:28:33.919
<v Speaker 2>be the editor in chief of Wired and for some

0:28:33.960 --> 0:28:37.240
<v Speaker 2>reason Bloomberg had him write like a guest essay on motorcycling.

0:28:38.000 --> 0:28:42.120
<v Speaker 2>Oh uh, Gideon Litchfield. He had taken it like a

0:28:42.120 --> 0:28:45.960
<v Speaker 2>cross country trip and he was just like, hates motorcycling.

0:28:46.720 --> 0:28:48.320
<v Speaker 2>So I have no idea why he did it in

0:28:48.360 --> 0:28:50.560
<v Speaker 2>the first place. But yeah, he was complaining about the

0:28:50.560 --> 0:28:53.720
<v Speaker 2>Blue Ridge Highway, like of how dangerous it was. The

0:28:53.760 --> 0:28:55.880
<v Speaker 2>maximum speed limit is thirty five and there are no

0:28:55.960 --> 0:28:56.840
<v Speaker 2>other cars on it.

0:28:57.080 --> 0:29:01.040
<v Speaker 1>You know, I will say, that's it's funny you bring

0:29:01.080 --> 0:29:04.800
<v Speaker 1>that up, because we've discussed that story at length recently

0:29:04.800 --> 0:29:07.160
<v Speaker 1>in these past few days. As we're talking about the

0:29:07.240 --> 0:29:09.760
<v Speaker 1>year going forward with pursuits. And that story was part

0:29:09.760 --> 0:29:12.520
<v Speaker 1>of this new thing we have at Bloomberg called the

0:29:12.520 --> 0:29:15.880
<v Speaker 1>Weekend Edition. And the whole point of the weekend edition

0:29:15.960 --> 0:29:18.200
<v Speaker 1>is sort of to take a step back and widen

0:29:18.240 --> 0:29:21.360
<v Speaker 1>the aperture. And you know, during the week we're talking

0:29:21.400 --> 0:29:25.640
<v Speaker 1>about very focused things and focused pursuits. But during the weekend,

0:29:25.720 --> 0:29:27.760
<v Speaker 1>you know, we want to take a step back and breathe.

0:29:27.800 --> 0:29:30.200
<v Speaker 1>And but I'm glad you read it, and I'm glad

0:29:30.200 --> 0:29:33.240
<v Speaker 1>we're talking about it. And that story did very well

0:29:33.280 --> 0:29:34.720
<v Speaker 1>for the weekend edition.

0:29:34.800 --> 0:29:37.560
<v Speaker 2>Well you know why it did well. Why because so

0:29:37.680 --> 0:29:39.200
<v Speaker 2>many people were angry about it.

0:29:39.200 --> 0:29:40.880
<v Speaker 1>It got hate reads, yes.

0:29:41.440 --> 0:29:43.880
<v Speaker 2>And I'm not glad I read it because it still

0:29:44.680 --> 0:29:47.120
<v Speaker 2>makes me feel a little bit sick, like my chest

0:29:47.200 --> 0:29:49.120
<v Speaker 2>is a little bit tight when I think about why

0:29:49.120 --> 0:29:52.040
<v Speaker 2>would someone do something like that, Like a guy who

0:29:52.080 --> 0:29:57.680
<v Speaker 2>just doesn't clearly doesn't understand motorcycling, doesn't enjoy motorcycling. He's

0:29:57.760 --> 0:30:01.920
<v Speaker 2>riding a great bike on one of the best roads

0:30:01.920 --> 0:30:05.360
<v Speaker 2>in the country and he's and he's not and he's

0:30:05.400 --> 0:30:07.280
<v Speaker 2>not enjoying it. He said he couldn't wait to get

0:30:07.320 --> 0:30:10.880
<v Speaker 2>back to a traffic packed highway. That's the last person

0:30:10.920 --> 0:30:15.800
<v Speaker 2>you want to ask to write a story about motorcycling, why.

0:30:15.720 --> 0:30:19.400
<v Speaker 1>Don't you ride a Rebuttal honestly because because that's.

0:30:19.240 --> 0:30:22.600
<v Speaker 2>A great road. I've ridden that run on my two

0:30:22.640 --> 0:30:25.440
<v Speaker 2>thousand and seven Ducatti Monster S fourrs. And it was

0:30:25.680 --> 0:30:33.200
<v Speaker 2>an absolute joy. Took that road down to North Carolina

0:30:33.560 --> 0:30:39.320
<v Speaker 2>where Olans has like its American office, and I got

0:30:39.920 --> 0:30:44.280
<v Speaker 2>the suspension redone and it's like the least dangerous place

0:30:44.280 --> 0:30:48.360
<v Speaker 2>you could ride a motorcycle there. Yeah, isn't anyone else around.

0:30:49.280 --> 0:30:51.440
<v Speaker 2>If you fall off, you're just gonna skid to the

0:30:51.480 --> 0:30:55.400
<v Speaker 2>corner slowly because you know, unless you're doing double the

0:30:55.440 --> 0:30:58.880
<v Speaker 2>speed limit, I don't know.

0:30:58.960 --> 0:31:01.000
<v Speaker 1>I would love for you to ride a Rebuttal. And

0:31:01.800 --> 0:31:05.840
<v Speaker 1>I have to say even I'll take the hate reads.

0:31:06.560 --> 0:31:09.160
<v Speaker 1>I'm glad it got people talking. I'm glad it got

0:31:09.200 --> 0:31:14.280
<v Speaker 1>you thinking and reading something that would cleanse your mind

0:31:14.320 --> 0:31:16.239
<v Speaker 1>from all of the anks that you felt when you

0:31:16.280 --> 0:31:20.320
<v Speaker 1>read it. At least it's sparking some sort of reaction.

0:31:20.680 --> 0:31:23.840
<v Speaker 2>That's a good point. By the way, the move to

0:31:23.960 --> 0:31:27.200
<v Speaker 2>video would be a fantastic I know one, not only

0:31:27.240 --> 0:31:30.320
<v Speaker 2>because we could show you know, the uhlen Hout or

0:31:31.160 --> 0:31:34.880
<v Speaker 2>the Streamliner, but I would like to be able to

0:31:35.000 --> 0:31:39.000
<v Speaker 2>show the new Aston Martin Vanquish, which you wrote a

0:31:39.120 --> 0:31:42.400
<v Speaker 2>story about. And I not only did I love the story,

0:31:42.800 --> 0:31:45.200
<v Speaker 2>I love the pictures as well. I love the color.

0:31:45.520 --> 0:31:50.280
<v Speaker 1>I know the color is super nova red and it

0:31:50.360 --> 0:31:53.360
<v Speaker 1>does cost quite a pretty penny to get it. It's

0:31:53.400 --> 0:31:57.239
<v Speaker 1>a hand painted color. And if I'm remembering right, the

0:31:57.280 --> 0:31:59.800
<v Speaker 1>price tag just on the paint chab job alone was

0:31:59.800 --> 0:32:01.720
<v Speaker 1>the thirteen thousand dollars.

0:32:02.280 --> 0:32:04.040
<v Speaker 2>Yeah, a little more. I think it was thirteen and

0:32:04.080 --> 0:32:04.360
<v Speaker 2>a half.

0:32:04.440 --> 0:32:07.480
<v Speaker 1>Was it thirteen and a half? Yeah, thirteen six. I

0:32:07.560 --> 0:32:11.200
<v Speaker 1>just found it, Yeah, thirteen six. It's such a gorgeous car.

0:32:11.560 --> 0:32:14.800
<v Speaker 1>And really the takeaway the headline on that is and

0:32:14.840 --> 0:32:18.280
<v Speaker 1>this is true. This is the first Aston Martin that

0:32:18.640 --> 0:32:22.720
<v Speaker 1>I've been in that I felt it was as special

0:32:22.800 --> 0:32:26.720
<v Speaker 1>as a Ferrari. Amazing, and I'll and you know what,

0:32:26.800 --> 0:32:29.440
<v Speaker 1>I actually I said that to somebody and they texted

0:32:29.480 --> 0:32:31.040
<v Speaker 1>it back to me and I was like, wow, it's

0:32:31.280 --> 0:32:33.240
<v Speaker 1>I just said it. I hadn't. It just came out.

0:32:33.240 --> 0:32:34.720
<v Speaker 1>I was talking about the car and I said, you know,

0:32:34.960 --> 0:32:36.720
<v Speaker 1>I felt like it was a special and she texted

0:32:36.760 --> 0:32:38.960
<v Speaker 1>it back to me and I'm like, oh, wow, did

0:32:39.000 --> 0:32:41.040
<v Speaker 1>I say that, and I was like, oh, I did

0:32:41.080 --> 0:32:43.920
<v Speaker 1>say that, and that's actually I stand by that. That's

0:32:43.920 --> 0:32:48.360
<v Speaker 1>the truth. They did it good gosh. It's expensive, you know.

0:32:48.400 --> 0:32:50.360
<v Speaker 1>The one that I drove starts at four hundred and

0:32:50.360 --> 0:32:55.000
<v Speaker 1>twenty nine thousand dollars, starts there, and then with options

0:32:55.080 --> 0:32:58.160
<v Speaker 1>like that thirteen thousand dollars amazing paint job went to

0:32:58.200 --> 0:33:03.280
<v Speaker 1>five hundred and sixty thousand dollars. But it's a great car.

0:33:03.520 --> 0:33:06.400
<v Speaker 1>I think it's the best one we've seen from them

0:33:06.600 --> 0:33:07.400
<v Speaker 1>so to date.

0:33:08.000 --> 0:33:13.560
<v Speaker 2>So the Vanquish was it's only occasionally been available, right

0:33:13.600 --> 0:33:15.959
<v Speaker 2>and has it not been available since like twenty eighteen?

0:33:16.160 --> 0:33:19.920
<v Speaker 1>That's that's correct. They've used that name plate a couple

0:33:19.960 --> 0:33:24.640
<v Speaker 1>of times, first, you know, from two thousand and one

0:33:24.680 --> 0:33:28.880
<v Speaker 1>to two thousand and seven, and then again from twenty

0:33:28.960 --> 0:33:31.880
<v Speaker 1>twelve to twenty eighteen. I believe that it's always been

0:33:31.920 --> 0:33:35.920
<v Speaker 1>a V twelve. It's a two seat only coop. One

0:33:36.000 --> 0:33:38.320
<v Speaker 1>of the new things this year is it's they're only

0:33:38.360 --> 0:33:42.080
<v Speaker 1>offering two seats. I think previous iterations did offer a

0:33:42.120 --> 0:33:47.640
<v Speaker 1>back seat. But yeah, I think it's obviously it's a

0:33:47.640 --> 0:33:49.400
<v Speaker 1>great name for an Aston Martin. I'm glad they brought

0:33:49.440 --> 0:33:51.680
<v Speaker 1>the name plate back. I'm glad they're staying with the

0:33:51.760 --> 0:33:55.040
<v Speaker 1>V twelve. I'm sure you are too. Yeah, this is

0:33:55.360 --> 0:34:01.560
<v Speaker 1>this is using two turbos. Before it was in it

0:34:01.640 --> 0:34:04.320
<v Speaker 1>was naturally aspirated. So that's a bit of a change.

0:34:05.400 --> 0:34:06.960
<v Speaker 2>Doesn't bother me though, Okay, I.

0:34:06.880 --> 0:34:09.000
<v Speaker 1>Was gonna ask about that. Why doesn't that bother you?

0:34:09.080 --> 0:34:14.640
<v Speaker 2>Because it's a GT car and I know I'm not

0:34:14.680 --> 0:34:17.120
<v Speaker 2>getting it with a stick, although they have they have

0:34:17.239 --> 0:34:19.360
<v Speaker 2>the ability clearly to do it, because they've offered a

0:34:19.360 --> 0:34:22.359
<v Speaker 2>few special editions of that mode which they claim are

0:34:22.360 --> 0:34:24.080
<v Speaker 2>sold out with a stick.

0:34:24.160 --> 0:34:26.440
<v Speaker 1>But okay, the Velora and the Valiant.

0:34:26.880 --> 0:34:29.319
<v Speaker 2>But it's it's not like that kind of.

0:34:29.440 --> 0:34:31.319
<v Speaker 1>It's not that kind of car car, and it doesn't need.

0:34:31.239 --> 0:34:35.160
<v Speaker 2>It's very big. This is one thing about really big cars.

0:34:35.200 --> 0:34:36.680
<v Speaker 2>I don't need them to be a stick. I like

0:34:36.760 --> 0:34:37.919
<v Speaker 2>a stick in a sports car.

0:34:38.400 --> 0:34:43.680
<v Speaker 1>Yes, okay, so that's that seems sensible of you. And yeah,

0:34:43.719 --> 0:34:45.839
<v Speaker 1>I think the high notes on this are it does

0:34:45.880 --> 0:34:48.239
<v Speaker 1>feel very special. It is big, you know. Of course,

0:34:48.280 --> 0:34:51.760
<v Speaker 1>we had a park next to a twenty fourteen Turbo

0:34:51.840 --> 0:34:54.320
<v Speaker 1>and it really sort of dwarfs the nine to eleven.

0:34:55.040 --> 0:34:59.520
<v Speaker 1>It makes a nine to eleven look small, and it does.

0:35:00.200 --> 0:35:03.520
<v Speaker 1>It's a little bit heavier, but it's really the ride

0:35:03.600 --> 0:35:07.080
<v Speaker 1>is great. It's it's you know, on Mulholland. Now they've

0:35:07.080 --> 0:35:10.319
<v Speaker 1>put in speed bumps, which is really annoying, but it is.

0:35:10.560 --> 0:35:15.000
<v Speaker 1>It's comfortable on uneven roads. It's not just completely jarring,

0:35:15.160 --> 0:35:19.319
<v Speaker 1>you know, like GT. Three for instance. It's very nice

0:35:19.360 --> 0:35:21.600
<v Speaker 1>to drive. To your point, I thought the interior was

0:35:22.080 --> 0:35:25.200
<v Speaker 1>so much better than previous aston Martin's happened. They're just

0:35:25.400 --> 0:35:28.799
<v Speaker 1>sort of continually improving there, which has been really a

0:35:28.880 --> 0:35:33.000
<v Speaker 1>challenge for them. But I do feel like they're kind

0:35:33.000 --> 0:35:38.360
<v Speaker 1>of nosing no pun intended in the right direction. Now. Yeah,

0:35:38.400 --> 0:35:41.640
<v Speaker 1>and I like that. I like, yes, I like it.

0:35:42.120 --> 0:35:45.640
<v Speaker 1>I think they can definitely lean into sort of that

0:35:45.680 --> 0:35:47.440
<v Speaker 1>signature look.

0:35:48.760 --> 0:35:51.600
<v Speaker 2>I love the look. I saw it at the at

0:35:51.640 --> 0:35:56.480
<v Speaker 2>their sort of sales studio here Q. I think it's

0:35:56.520 --> 0:36:00.719
<v Speaker 2>called on fifty seventh in Park And I mean they

0:36:00.760 --> 0:36:03.520
<v Speaker 2>just had one in a room with a designer and

0:36:03.560 --> 0:36:05.600
<v Speaker 2>I think the engineer with whom you spoke also for

0:36:05.640 --> 0:36:08.600
<v Speaker 2>your story with I'm in Newton exactly. And yeah, so

0:36:08.640 --> 0:36:10.000
<v Speaker 2>I just got to, you know, look at it for

0:36:10.040 --> 0:36:12.759
<v Speaker 2>like a twenty minutes or a half hour, and it's gorgeous.

0:36:12.880 --> 0:36:16.840
<v Speaker 2>All Aston Martins are gorgeous, but it's very special. And

0:36:16.920 --> 0:36:19.600
<v Speaker 2>I wonder what you think about the plate on the

0:36:19.640 --> 0:36:20.000
<v Speaker 2>back you.

0:36:20.120 --> 0:36:22.040
<v Speaker 1>I was just going to ask you about that.

0:36:22.360 --> 0:36:26.880
<v Speaker 2>I would rather have it in a color that's closer

0:36:26.880 --> 0:36:29.600
<v Speaker 2>to the color of the car, or i'd rather the

0:36:29.640 --> 0:36:31.879
<v Speaker 2>car in the color closer. I don't like that too

0:36:31.960 --> 0:36:35.279
<v Speaker 2>much contrast, but I think it's cool. Yeah you think.

0:36:35.840 --> 0:36:38.640
<v Speaker 1>I actually I agree with you on that. It doesn't

0:36:38.760 --> 0:36:41.759
<v Speaker 1>bother me to see it, and it's sort of I

0:36:41.760 --> 0:36:43.640
<v Speaker 1>don't want to say two tone, because it's certainly not that,

0:36:43.760 --> 0:36:47.720
<v Speaker 1>but in a high contrast color ways. But I would

0:36:47.719 --> 0:36:51.319
<v Speaker 1>be very very curious to see the car in a

0:36:51.440 --> 0:36:56.239
<v Speaker 1>dark slate gray or something, maybe even a midnight and

0:36:56.360 --> 0:37:00.439
<v Speaker 1>have that black carbon shield across the back. That would

0:37:00.480 --> 0:37:04.560
<v Speaker 1>probably look real mean and cool. I do also love

0:37:04.600 --> 0:37:07.480
<v Speaker 1>what they did with the rear, the rear tail lights,

0:37:07.600 --> 0:37:10.879
<v Speaker 1>the how they stacked them vertically. They're like notches kind

0:37:10.920 --> 0:37:14.560
<v Speaker 1>of stacked. I thought that's cool. I like a signature

0:37:14.600 --> 0:37:18.480
<v Speaker 1>tail light in general, for for cars, because you're assuming

0:37:18.480 --> 0:37:21.600
<v Speaker 1>everyone's behind you anyway, So I like that. I thought

0:37:21.640 --> 0:37:24.359
<v Speaker 1>that was cool. I don't know, it just it just

0:37:24.400 --> 0:37:28.719
<v Speaker 1>felt I'll tell you one thing, I was very I

0:37:28.800 --> 0:37:32.680
<v Speaker 1>was a lot less likely to just whip it around with,

0:37:32.920 --> 0:37:37.520
<v Speaker 1>you know, sort of erratically like you may do on

0:37:37.600 --> 0:37:42.160
<v Speaker 1>Sunset Boulevard, because it felt more like a Ferrari. I

0:37:42.200 --> 0:37:43.880
<v Speaker 1>didn't you know, in a nine to eleven you can

0:37:43.880 --> 0:37:47.160
<v Speaker 1>whip things around. It's great. This felt more like, oh,

0:37:47.200 --> 0:37:49.120
<v Speaker 1>I need to be careful, you know. I didn't want

0:37:49.120 --> 0:37:51.520
<v Speaker 1>to scratch any splitter. It doesn't have a lift, it

0:37:51.560 --> 0:37:53.520
<v Speaker 1>doesn't need a lift for the front at all. But

0:37:53.880 --> 0:37:57.080
<v Speaker 1>you know, I was just way more aware that, ooh,

0:37:57.120 --> 0:37:59.239
<v Speaker 1>this is this is a big car. It's got a

0:37:59.280 --> 0:38:03.040
<v Speaker 1>long nose, it's got that front splitter. I saw this

0:38:03.239 --> 0:38:06.840
<v Speaker 1>bright red Camark parked opposite me on Sunset and I

0:38:06.880 --> 0:38:09.040
<v Speaker 1>was like, ah, I needed the photo photo, and you know,

0:38:09.680 --> 0:38:12.600
<v Speaker 1>did not flip around, though in a different car we

0:38:12.719 --> 0:38:15.640
<v Speaker 1>might have. But it was just like, I can't whip

0:38:15.640 --> 0:38:19.320
<v Speaker 1>this around. It's too much of a precious thing. It's

0:38:19.400 --> 0:38:23.000
<v Speaker 1>just it's sort of that feeling that you definitely feel

0:38:23.040 --> 0:38:26.520
<v Speaker 1>seen in it. I don't think it's outrageous though, it's

0:38:26.600 --> 0:38:27.200
<v Speaker 1>it's cool.

0:38:27.320 --> 0:38:30.640
<v Speaker 2>I mean, it's gorgeous. I'm looking at now the pictures

0:38:30.640 --> 0:38:32.399
<v Speaker 2>in your story, and I kind of wanted to make

0:38:32.440 --> 0:38:34.080
<v Speaker 2>one of screensaver it's so good.

0:38:34.200 --> 0:38:35.239
<v Speaker 1>Which one is it?

0:38:35.440 --> 0:38:37.480
<v Speaker 2>Just the one where it's parked on the brick driveway?

0:38:37.719 --> 0:38:41.879
<v Speaker 2>Oh yeah, the front, Yes, it's where I'm looking at.

0:38:41.920 --> 0:38:43.960
<v Speaker 2>And I know this, you know what I mean. Twenty

0:38:43.960 --> 0:38:47.200
<v Speaker 2>grand the carbon like the car starts at four thirty.

0:38:47.400 --> 0:38:51.920
<v Speaker 2>This one was five sixty. The carbon packages alone, I

0:38:51.920 --> 0:38:54.040
<v Speaker 2>think added like forty grand for sure. Price.

0:38:54.320 --> 0:38:57.680
<v Speaker 1>Oh well, the interior carbon package was like over twenty

0:38:57.680 --> 0:39:01.640
<v Speaker 1>one thousand dollars. And that's just the interior and not

0:39:01.840 --> 0:39:06.160
<v Speaker 1>all of the interior that's like doors and dash So yeah,

0:39:06.239 --> 0:39:09.840
<v Speaker 1>it's definitely priced up there. And all of this is

0:39:09.920 --> 0:39:15.680
<v Speaker 1>part of Aston's strategy to increase profits and get some

0:39:15.760 --> 0:39:19.279
<v Speaker 1>cash in their coffers. Although I have to say, our

0:39:19.320 --> 0:39:23.239
<v Speaker 1>good friend Steve Sario did point out to me that

0:39:23.600 --> 0:39:28.480
<v Speaker 1>Aston Martin's in the nineties. When you compare their pricing,

0:39:29.880 --> 0:39:35.560
<v Speaker 1>we're really about the same if you're talking exchange rates,

0:39:36.120 --> 0:39:39.280
<v Speaker 1>you know, I think he I'm trying to remember which

0:39:39.280 --> 0:39:40.080
<v Speaker 1>he told me.

0:39:41.719 --> 0:39:44.080
<v Speaker 2>I will say that the so I'm looking at the

0:39:44.520 --> 0:39:49.399
<v Speaker 2>carbon fiber roof was like five grand. And then as

0:39:49.400 --> 0:39:55.120
<v Speaker 2>you mentioned, the interior package is twenty two, basically twenty seven.

0:39:55.400 --> 0:40:01.399
<v Speaker 2>The upper body carbon fiber is another seventeen, so you're

0:40:01.440 --> 0:40:05.279
<v Speaker 2>at forty four, and then the lower body is another seventeen,

0:40:06.320 --> 0:40:10.360
<v Speaker 2>so you're at sixty one, and then another exterior carbon

0:40:10.400 --> 0:40:18.440
<v Speaker 2>fiber package was twelve, So seventy three seventy three grand

0:40:18.560 --> 0:40:20.640
<v Speaker 2>in carbon fiber. That's insane.

0:40:20.880 --> 0:40:23.799
<v Speaker 1>You know what's crazy. It doesn't even look that like

0:40:23.840 --> 0:40:26.520
<v Speaker 1>it's that much on the car. You know, it's not

0:40:26.600 --> 0:40:30.760
<v Speaker 1>like the car is you know, nose to tail carbon fiber.

0:40:30.800 --> 0:40:33.239
<v Speaker 1>It's like it looks actually like, oh, pretty classy. There's

0:40:33.280 --> 0:40:36.040
<v Speaker 1>a touch there, there's a touch there, you know. But

0:40:36.360 --> 0:40:38.719
<v Speaker 1>but yeah, it's a lot of carbon fiber, but it's

0:40:38.760 --> 0:40:41.680
<v Speaker 1>not like full carbon fiber hood.

0:40:42.200 --> 0:40:44.879
<v Speaker 2>It's you know, they really contrive. They what they want

0:40:44.920 --> 0:40:46.920
<v Speaker 2>to do is get the kind of margins.

0:40:46.480 --> 0:40:50.040
<v Speaker 1>That Ferrari has. Everyone wants to be Ferrari and.

0:40:50.040 --> 0:40:51.799
<v Speaker 2>That Porsche was aiming for it. By the way, portion

0:40:51.960 --> 0:40:53.440
<v Speaker 2>missed big on margins.

0:40:53.640 --> 0:40:54.759
<v Speaker 1>Do you want to talk about that.

0:40:55.040 --> 0:40:57.279
<v Speaker 2>Because we don't have to talk about it. But it's

0:40:57.640 --> 0:41:00.560
<v Speaker 2>another example of a manufacturer that is going to take

0:41:00.560 --> 0:41:02.879
<v Speaker 2>a huge loss, I think an eight hundred million dollar

0:41:02.960 --> 0:41:07.040
<v Speaker 2>right down this year because of their because of their

0:41:07.200 --> 0:41:12.280
<v Speaker 2>exploration of evs, right, And I don't hate all EV's.

0:41:13.400 --> 0:41:15.160
<v Speaker 1>No, and this is a great segue. I know where

0:41:15.160 --> 0:41:15.759
<v Speaker 1>you're going with this.

0:41:15.960 --> 0:41:18.919
<v Speaker 2>I would, I would. I love the Kia EV nine

0:41:18.920 --> 0:41:19.400
<v Speaker 2>for example.

0:41:19.440 --> 0:41:21.560
<v Speaker 1>I love the EV nine and I love the five hundred.

0:41:21.840 --> 0:41:23.080
<v Speaker 1>The Fiat five hundred.

0:41:22.840 --> 0:41:24.400
<v Speaker 2>E me too great.

0:41:24.800 --> 0:41:29.360
<v Speaker 1>And I actually also loved the Rolls Royce Specter. I

0:41:29.440 --> 0:41:32.400
<v Speaker 1>had another that well, you'd love it. You would love it,

0:41:32.719 --> 0:41:35.560
<v Speaker 1>I'm sure, yeah. And I also didn't hate the Dodge

0:41:35.640 --> 0:41:36.600
<v Speaker 1>Charger EV.

0:41:36.960 --> 0:41:39.600
<v Speaker 2>So and I'm excited to see some like of the

0:41:39.680 --> 0:41:43.719
<v Speaker 2>new E Rev. Speaking of Dodge, you know they're they're

0:41:43.719 --> 0:41:46.480
<v Speaker 2>coming out with one. But all this to say, I

0:41:46.520 --> 0:41:50.120
<v Speaker 2>don't hate all EV's. M hmm, there are some that

0:41:50.200 --> 0:41:52.760
<v Speaker 2>I like. And because we got an email from someone

0:41:52.760 --> 0:41:55.120
<v Speaker 2>who said I'm biased against you.

0:41:55.280 --> 0:41:58.120
<v Speaker 1>Now, okay, fair, I want to discuss that. But I

0:41:58.160 --> 0:42:00.719
<v Speaker 1>want to put a pin on this Portia. We've seen

0:42:00.760 --> 0:42:07.879
<v Speaker 1>this unfolding for nearly a year now and it's fascinating

0:42:08.040 --> 0:42:12.520
<v Speaker 1>and I do have quite a large story that we've

0:42:12.520 --> 0:42:15.920
<v Speaker 1>been working on about it. So watch this space because

0:42:15.920 --> 0:42:16.480
<v Speaker 1>by the way, I.

0:42:16.440 --> 0:42:19.040
<v Speaker 2>Keep thinking that, I keep thinking, now's the time to

0:42:19.040 --> 0:42:22.560
<v Speaker 2>buy Portia shares. I would never give investment advice. The

0:42:22.560 --> 0:42:25.040
<v Speaker 2>only time I ever have it was wrong, horribly wrong.

0:42:25.640 --> 0:42:28.759
<v Speaker 2>And I'm not allowed to buy shares in companies that

0:42:28.800 --> 0:42:31.919
<v Speaker 2>I report on, so I won't be sure really allowed to. Yeah,

0:42:32.320 --> 0:42:33.919
<v Speaker 2>just like all the other things that I want to buy.

0:42:33.960 --> 0:42:36.560
<v Speaker 2>But I keep thinking, Okay, they can't get any worse.

0:42:36.600 --> 0:42:39.279
<v Speaker 2>They're down thirty percent over the last twelve months. They're

0:42:39.320 --> 0:42:42.480
<v Speaker 2>down half since the IPO. If you bought P nine

0:42:42.520 --> 0:42:44.960
<v Speaker 2>to eleven shares of the IPO, you've lost half of

0:42:45.000 --> 0:42:45.480
<v Speaker 2>your money.

0:42:45.680 --> 0:42:48.120
<v Speaker 1>And that was the largest none, that was the largest

0:42:48.120 --> 0:42:51.520
<v Speaker 1>IPO in Germany in like two decades. I mean it was.

0:42:51.719 --> 0:42:54.520
<v Speaker 1>It was considered a wild success.

0:42:54.719 --> 0:42:57.480
<v Speaker 2>And by the way, you know, Barry Ritholts always says

0:42:57.840 --> 0:42:59.640
<v Speaker 2>when you want to buy a product, think about buying

0:42:59.640 --> 0:43:01.680
<v Speaker 2>the stock instead, Like if you want to buy an

0:43:01.680 --> 0:43:05.279
<v Speaker 2>Apple MacBook, right, you should just money stock and you'd

0:43:05.280 --> 0:43:09.040
<v Speaker 2>be doing much better off of Portie, right, because if

0:43:09.080 --> 0:43:11.400
<v Speaker 2>you wanted to buy the stock and instead you just

0:43:11.520 --> 0:43:11.920
<v Speaker 2>ordered a.

0:43:11.880 --> 0:43:14.799
<v Speaker 1>GT three, at least you can drive it.

0:43:14.920 --> 0:43:16.080
<v Speaker 2>You're in the money too.

0:43:16.080 --> 0:43:18.080
<v Speaker 1>Yeah, or I mean, just hang on in the line.

0:43:18.080 --> 0:43:23.240
<v Speaker 1>I would never ever ever count Porsia out those guys

0:43:23.920 --> 0:43:29.480
<v Speaker 1>have this German Schwabian grit and determination, and yeah they

0:43:29.520 --> 0:43:32.560
<v Speaker 1>are down right now, but they are definitely not out.

0:43:33.120 --> 0:43:36.160
<v Speaker 1>You know, I think if you can hold on and

0:43:36.200 --> 0:43:40.600
<v Speaker 1>be patient, we will, Like you say, I guess if

0:43:40.600 --> 0:43:42.319
<v Speaker 1>you could buy stock.

0:43:42.120 --> 0:43:44.480
<v Speaker 2>Right, Yeah, I'm well, I'm not saying you're.

0:43:44.360 --> 0:43:45.600
<v Speaker 1>Not get you know, you're not saying that.

0:43:45.680 --> 0:43:48.160
<v Speaker 2>No, No stock is getting so crushed today because the

0:43:48.200 --> 0:43:51.919
<v Speaker 2>margins are only like twelve percent, and most carmakers dream

0:43:51.960 --> 0:43:55.239
<v Speaker 2>of margins like that, right, but they're not the seventeen

0:43:56.000 --> 0:43:58.600
<v Speaker 2>or nineteen percent that you would have hoped at the IPO.

0:43:59.000 --> 0:44:02.680
<v Speaker 2>But so the email, let's talk about it. I'm pretty

0:44:02.960 --> 0:44:04.080
<v Speaker 2>stoked on it.

0:44:04.160 --> 0:44:08.000
<v Speaker 1>Actually, Yeah, so this is from Dean. I guess we

0:44:08.040 --> 0:44:10.960
<v Speaker 1>could say first names. That's safe, right, Dean.

0:44:10.840 --> 0:44:13.440
<v Speaker 2>Thank you for writing on his substack.

0:44:13.560 --> 0:44:17.120
<v Speaker 1>So yeah, what's the substack called Portico.

0:44:16.800 --> 0:44:22.160
<v Speaker 2>Darwin Portico Darwin dot substack dot com.

0:44:22.239 --> 0:44:26.080
<v Speaker 1>Yes, thanks for writing to us. Dean in San Francisco.

0:44:27.000 --> 0:44:30.040
<v Speaker 1>Dean said he loved our podcast, but he doesn't like

0:44:30.080 --> 0:44:31.760
<v Speaker 1>the anti EV bias.

0:44:31.800 --> 0:44:33.440
<v Speaker 2>Which is a fair criticism.

0:44:33.480 --> 0:44:35.839
<v Speaker 1>Actually, do you think it? Do you think we we

0:44:35.880 --> 0:44:37.719
<v Speaker 1>are a little anti EV?

0:44:38.239 --> 0:44:40.239
<v Speaker 2>Yes, we are, and maybe more than we should be.

0:44:40.440 --> 0:44:45.719
<v Speaker 1>I would I would say I was surprised to hear that,

0:44:46.880 --> 0:44:50.200
<v Speaker 1>because I'm all about the right tool for the job,

0:44:50.440 --> 0:44:54.280
<v Speaker 1>and I do not care really what's under the hood.

0:44:54.840 --> 0:44:59.360
<v Speaker 1>Matt cares. Matt cares about his v especially, I truly

0:44:59.400 --> 0:45:02.279
<v Speaker 1>don't care. I I just want good things, and my

0:45:02.560 --> 0:45:06.360
<v Speaker 1>criticism of EV's has just been that there. I just

0:45:06.719 --> 0:45:10.960
<v Speaker 1>haven't seen some good ones. But I have seen a few,

0:45:11.320 --> 0:45:14.560
<v Speaker 1>a few that are good. But it's fair, it's fair,

0:45:14.600 --> 0:45:17.160
<v Speaker 1>it's interesting. I found it more interesting that that's what

0:45:17.239 --> 0:45:17.720
<v Speaker 1>he's getting.

0:45:18.320 --> 0:45:21.520
<v Speaker 2>Yeah, I mean, look, I just for me, I like

0:45:22.120 --> 0:45:24.719
<v Speaker 2>what I you know, I have my preferences just like

0:45:24.760 --> 0:45:27.040
<v Speaker 2>everyone else. But that doesn't mean I don't think there

0:45:27.040 --> 0:45:27.479
<v Speaker 2>are some.

0:45:27.400 --> 0:45:29.920
<v Speaker 1>Really good EV cars completely.

0:45:29.920 --> 0:45:33.120
<v Speaker 2>Including Tesla. You loved the cyber truck, by the way,

0:45:33.520 --> 0:45:34.360
<v Speaker 2>I yeah, I thought it was.

0:45:34.520 --> 0:45:36.200
<v Speaker 1>I thought honestly, I thought it was. I have no

0:45:36.239 --> 0:45:38.719
<v Speaker 1>problem with it, you know, I I thought it was.

0:45:39.000 --> 0:45:41.360
<v Speaker 1>It was a lot better than I anticipated. And I

0:45:41.400 --> 0:45:46.200
<v Speaker 1>loved how and I've said this before, how kids especially

0:45:46.239 --> 0:45:49.440
<v Speaker 1>got so excited about it. And I am a thousand

0:45:49.520 --> 0:45:55.040
<v Speaker 1>percent behind vehicles that evoke an emotional emotional reaction, because

0:45:55.160 --> 0:45:56.359
<v Speaker 1>most of them don't.

0:45:56.800 --> 0:46:01.760
<v Speaker 2>I also love I drove the gm SE Sierra EV

0:46:03.200 --> 0:46:08.120
<v Speaker 2>and I absolutely adored driving it. The Hummer EV.

0:46:08.239 --> 0:46:09.520
<v Speaker 1>As, Oh yeah, that was fine.

0:46:09.600 --> 0:46:12.000
<v Speaker 2>Yes, kind of it makes a statement that I don't

0:46:12.000 --> 0:46:15.880
<v Speaker 2>necessarily want to make, but I really enjoyed. I like

0:46:15.960 --> 0:46:20.080
<v Speaker 2>to drive big heavy vehicles in the massive battery two

0:46:20.160 --> 0:46:23.440
<v Speaker 2>hundred killot battery packs. So you and I also like,

0:46:24.040 --> 0:46:26.080
<v Speaker 2>you know, like you mentioned, the Fiat five hundred EV

0:46:26.239 --> 0:46:27.720
<v Speaker 2>is such a great little get around.

0:46:27.560 --> 0:46:32.040
<v Speaker 1>Her honestly perfect, perfect thing. Yeah, perfect thing. I thought

0:46:32.080 --> 0:46:37.120
<v Speaker 1>it was just very well executed, priced fairly. I love

0:46:37.160 --> 0:46:39.279
<v Speaker 1>the heritage, of course. I just thought, yeah, it was great.

0:46:40.040 --> 0:46:42.800
<v Speaker 1>I but I do I will say I don't actually think,

0:46:43.160 --> 0:46:45.560
<v Speaker 1>and I've said this before, if you want to do

0:46:45.600 --> 0:46:47.560
<v Speaker 1>the best thing for the world right now, I would

0:46:47.600 --> 0:46:51.080
<v Speaker 1>just not buy anything. Don't consume, yes to me. And

0:46:51.239 --> 0:46:53.720
<v Speaker 1>I don't like the idea that we have to consume

0:46:53.840 --> 0:46:58.479
<v Speaker 1>and buy something else that is not actually green. There's

0:46:58.600 --> 0:47:02.319
<v Speaker 1>way too much stuff in the world in general, and

0:47:02.680 --> 0:47:05.839
<v Speaker 1>I just don't like being force fed the idea that

0:47:06.120 --> 0:47:08.959
<v Speaker 1>you've got to buy something else and consume this other

0:47:09.440 --> 0:47:14.160
<v Speaker 1>product in order to be somehow quote unquote good. That

0:47:14.360 --> 0:47:16.400
<v Speaker 1>just is not inaccurate.

0:47:16.800 --> 0:47:19.960
<v Speaker 2>Totally agree with blossophy, and I also agree with Dean

0:47:20.040 --> 0:47:22.960
<v Speaker 2>that I'm too biased again and I will try to

0:47:22.960 --> 0:47:23.359
<v Speaker 2>be less.

0:47:23.440 --> 0:47:25.640
<v Speaker 1>Yeah, it's good to be aware of that. Thanks. Thanks,

0:47:25.800 --> 0:47:27.440
<v Speaker 1>we loved your letter, Dan, Thank you.

0:47:27.719 --> 0:47:30.560
<v Speaker 2>We have we got another. By the way, our email address.

0:47:30.320 --> 0:47:33.320
<v Speaker 1>Is hot Pursuit at Bloomberg dot net.

0:47:33.680 --> 0:47:37.480
<v Speaker 2>I just wanted to remind our listeners to shoot us

0:47:37.520 --> 0:47:41.120
<v Speaker 2>emails because we do read them and we find them fascinating.

0:47:41.320 --> 0:47:45.800
<v Speaker 2>We got one from another guy, Declan, who is looking

0:47:45.840 --> 0:47:49.480
<v Speaker 2>for Goodwood Revival tips. And I think what we're gonna

0:47:49.520 --> 0:47:52.000
<v Speaker 2>do is I think what we should do is study

0:47:52.200 --> 0:47:56.719
<v Speaker 2>a little bit and then report back, report back next week.

0:47:56.840 --> 0:47:57.720
<v Speaker 1>It's a great question.

0:47:59.480 --> 0:48:02.040
<v Speaker 2>Yeah, I think it's a great question. And I would

0:48:02.320 --> 0:48:08.000
<v Speaker 2>I just imagine mister enthusiasts at Goodwood Revival in a jumpsuit.

0:48:07.640 --> 0:48:10.520
<v Speaker 1>You know, oh my goodness, he'll be so happy to

0:48:10.520 --> 0:48:12.200
<v Speaker 1>hear his name mentioned. And you know he will be

0:48:12.239 --> 0:48:15.200
<v Speaker 1>in a jumpsuit, yeah, underneath his raccoon for a coat.

0:48:15.239 --> 0:48:17.240
<v Speaker 2>If it's a little chilli, he'll be wearing a raccoon

0:48:17.280 --> 0:48:18.000
<v Speaker 2>for a coat.

0:48:17.800 --> 0:48:19.959
<v Speaker 1>Which with a watch on each wrist.

0:48:19.960 --> 0:48:22.919
<v Speaker 2>I'm very much for the raccoon for a coat.

0:48:22.960 --> 0:48:26.239
<v Speaker 1>Look, you need one, Matt. Why can't we all get

0:48:26.239 --> 0:48:27.760
<v Speaker 1>one Team Raccoon for a coats.

0:48:28.000 --> 0:48:30.320
<v Speaker 2>I would definitely wear one for sure.

0:48:31.080 --> 0:48:34.359
<v Speaker 1>I'd like to see that. I'm Matt Miller, and I'm

0:48:34.400 --> 0:48:36.360
<v Speaker 1>Hannah Elliott, and this is Bloomberg