1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,960 --> 00:00:35,600 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,600 --> 00:00:38,840 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,280 --> 00:00:42,000 Speaker 1: National Association Member FDIC. 13 00:00:44,600 --> 00:00:45,279 Speaker 2: Erness What's Up? 14 00:00:45,360 --> 00:00:47,839 Speaker 1: You ever walk into a small business and everything just 15 00:00:47,960 --> 00:00:51,159 Speaker 1: works like the checkout is fast, the receipts are digital, 16 00:00:51,680 --> 00:00:54,640 Speaker 1: tipping is a breeze, and you're out the door before 17 00:00:54,680 --> 00:00:58,840 Speaker 1: the line even builds. Odds are they're using Square? We 18 00:00:58,960 --> 00:01:01,520 Speaker 1: love supporting business that run on Square because it just 19 00:01:01,560 --> 00:01:04,800 Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor 20 00:01:04,840 --> 00:01:07,080 Speaker 1: at a pop up market, or even one of our 21 00:01:07,160 --> 00:01:10,800 Speaker 1: merch partners. Square makes it easy for them to take payments, 22 00:01:11,040 --> 00:01:14,760 Speaker 1: manage inventory, and run their business with confidence, all from 23 00:01:14,840 --> 00:01:18,240 Speaker 1: one simple system. If you're a business owner or even 24 00:01:18,360 --> 00:01:21,880 Speaker 1: just thinking about launching something soon, Square is hands down 25 00:01:21,880 --> 00:01:24,199 Speaker 1: one of the best tools out there to help you start, 26 00:01:24,600 --> 00:01:28,200 Speaker 1: run and grow. It's not just about payments, it's about 27 00:01:28,200 --> 00:01:30,640 Speaker 1: giving you time back so you can focus on. 28 00:01:30,560 --> 00:01:32,000 Speaker 2: What matters most ready. 29 00:01:32,040 --> 00:01:35,399 Speaker 1: To see how Square can transform your business, visit Square 30 00:01:35,480 --> 00:01:40,000 Speaker 1: dot com backslash, go backslash eyl to learn more that 31 00:01:40,200 --> 00:01:45,640 Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 32 00:01:45,760 --> 00:01:48,160 Speaker 1: Let's Square handle the back end so you can keep 33 00:01:48,160 --> 00:01:49,400 Speaker 1: pushing your vision forward. 34 00:01:51,600 --> 00:01:53,000 Speaker 3: Lauren Buffett also said that. 35 00:01:55,400 --> 00:01:58,600 Speaker 4: Stocks is a better investment over the course of time 36 00:01:58,600 --> 00:02:01,200 Speaker 4: than real estate, at least for having said here, yeah 37 00:02:01,720 --> 00:02:05,040 Speaker 4: to understand and Warren Buffett, I mean the only thing 38 00:02:05,040 --> 00:02:07,640 Speaker 4: we can go by his public record, and public record 39 00:02:07,680 --> 00:02:10,920 Speaker 4: says that he owns one house, the house in Omaha, Nebraska. 40 00:02:10,960 --> 00:02:13,720 Speaker 4: He had He had a vacation property in Laguna Beach, 41 00:02:13,720 --> 00:02:16,040 Speaker 4: which he sold. He brought the property for one hundred 42 00:02:16,040 --> 00:02:17,720 Speaker 4: and seventy five thousand dollars and sold it for like 43 00:02:17,760 --> 00:02:18,480 Speaker 4: seven million. 44 00:02:18,280 --> 00:02:22,160 Speaker 3: Dollars years ago. But he only on paper. He says 45 00:02:22,200 --> 00:02:23,000 Speaker 3: he owns one home. 46 00:02:24,080 --> 00:02:25,240 Speaker 5: He did your player. 47 00:02:29,639 --> 00:02:31,440 Speaker 3: What we do, but. 48 00:02:35,040 --> 00:02:37,600 Speaker 4: Farmland owns four hundred acres of farm land. Stuff like that. 49 00:02:37,600 --> 00:02:46,840 Speaker 4: But long story short, he said that he understands stocks better. 50 00:02:47,520 --> 00:02:50,680 Speaker 4: It's it's easier. It's a lot easier, he said. Charlie 51 00:02:50,840 --> 00:02:54,400 Speaker 4: liked real estate a lot more than he. So what 52 00:02:54,440 --> 00:02:56,720 Speaker 4: do you think about Warren Buffet pretty much saying that 53 00:02:57,520 --> 00:02:59,799 Speaker 4: he prefers stocks over real estate. Like I said, I mean, 54 00:03:00,919 --> 00:03:04,280 Speaker 4: it would assume if you look at his personal life, 55 00:03:04,320 --> 00:03:07,120 Speaker 4: that's consistent with what he's actually saying. 56 00:03:07,840 --> 00:03:09,079 Speaker 5: There's two sets of information. 57 00:03:09,120 --> 00:03:11,200 Speaker 6: I've always said this the information that you give to 58 00:03:11,240 --> 00:03:14,720 Speaker 6: the public to give the right answer or answer that's 59 00:03:14,760 --> 00:03:17,600 Speaker 6: easy to understand. And then it's the information when you 60 00:03:17,680 --> 00:03:21,560 Speaker 6: talk to your peers or you're in a mastermindset homework assignment, 61 00:03:21,680 --> 00:03:25,280 Speaker 6: go google how many units or doors this Berkshire hat 62 00:03:25,360 --> 00:03:28,320 Speaker 6: the way on. That's the other trick, Like I don't 63 00:03:28,320 --> 00:03:31,239 Speaker 6: personally own the thing, but I may have it in 64 00:03:31,320 --> 00:03:35,160 Speaker 6: a trust or a trust of a ally or a 65 00:03:35,240 --> 00:03:35,880 Speaker 6: family member. 66 00:03:36,680 --> 00:03:40,480 Speaker 5: Now are stocks like do they have more data points? 67 00:03:41,240 --> 00:03:46,280 Speaker 6: He's your buy in, he's your exit liquidity easier to research, 68 00:03:46,720 --> 00:03:49,080 Speaker 6: hands down, But The answer is always. And this is 69 00:03:49,120 --> 00:03:51,880 Speaker 6: what I love about Amazon and that example we talked about. 70 00:03:52,200 --> 00:03:54,200 Speaker 5: The answer is all. It's not one or another. 71 00:03:55,040 --> 00:04:00,400 Speaker 6: You want to own stocks, real estate, businesses, crypto, water rights, 72 00:04:00,640 --> 00:04:01,720 Speaker 6: I want to own everything. 73 00:04:02,840 --> 00:04:05,720 Speaker 5: The day of I'm just going to. 74 00:04:05,760 --> 00:04:08,080 Speaker 6: Be a linear investor and one thing that's over with, 75 00:04:08,280 --> 00:04:11,040 Speaker 6: because then you're not going to see the missed opportunity 76 00:04:11,040 --> 00:04:14,720 Speaker 6: in something that is huge elsewhere. And Blackrock doesn't do that. 77 00:04:15,680 --> 00:04:19,240 Speaker 6: Blackrock has ETFs and then bitcoin got popular. 78 00:04:19,279 --> 00:04:22,039 Speaker 5: They said, let me get that too. So is it 79 00:04:22,080 --> 00:04:23,039 Speaker 5: easier to invest in? 80 00:04:23,120 --> 00:04:26,280 Speaker 6: For sure? Are the returns higher? I know some of 81 00:04:26,360 --> 00:04:28,120 Speaker 6: y'all want to do is stock versus real estate debate? 82 00:04:28,200 --> 00:04:29,440 Speaker 6: I'm not gonna do it. I love y'all because you 83 00:04:29,480 --> 00:04:32,919 Speaker 6: have my friends and I want to obliterate y'all. But 84 00:04:32,960 --> 00:04:34,480 Speaker 6: the answer to me is always to. 85 00:04:34,440 --> 00:04:42,920 Speaker 5: Invest in both. All y'all like my politically correct. 86 00:04:42,680 --> 00:04:45,640 Speaker 2: Answer, Yeah both, I'm both. 87 00:04:46,240 --> 00:04:48,120 Speaker 6: Yeah, And if you come to invest Fest, you will 88 00:04:48,160 --> 00:04:50,279 Speaker 6: be able to hear how to invest in real estate, 89 00:04:50,640 --> 00:04:55,880 Speaker 6: crypto stocks trade and they haven't announced the line up yet, 90 00:04:55,880 --> 00:04:57,840 Speaker 6: but you know, there may be some other assets out 91 00:04:57,880 --> 00:05:00,800 Speaker 6: there that you guys can invest in yourself and go 92 00:05:00,880 --> 00:05:01,560 Speaker 6: to invest. 93 00:05:01,360 --> 00:05:04,479 Speaker 3: Vest investing yourself. That's the biggest investment you ever made. 94 00:05:04,760 --> 00:05:05,000 Speaker 5: Yep. 95 00:05:07,279 --> 00:05:10,480 Speaker 4: Okay, well you think that berkshat halfway will jump into bitcoin? 96 00:05:11,040 --> 00:05:12,479 Speaker 4: Now that won't he retired? 97 00:05:12,839 --> 00:05:15,279 Speaker 5: Hello, now this I would think. 98 00:05:15,360 --> 00:05:19,840 Speaker 6: Okay, if I'm replacing Buffett, which is a lesson in 99 00:05:20,040 --> 00:05:21,479 Speaker 6: certain shoes, you shouldn't feel. 100 00:05:21,800 --> 00:05:23,239 Speaker 5: But how do you turn down that job? 101 00:05:25,680 --> 00:05:28,279 Speaker 6: I think at some point he has to at least 102 00:05:28,360 --> 00:05:31,000 Speaker 6: look if he wants to get a incredible return. 103 00:05:31,520 --> 00:05:33,200 Speaker 5: No matter what he does, he'll never be worn. 104 00:05:33,600 --> 00:05:35,680 Speaker 6: But what can you do to have an impact as 105 00:05:35,680 --> 00:05:40,599 Speaker 6: the person who succeeded Warren? An alternative asset with a 106 00:05:40,640 --> 00:05:43,839 Speaker 6: higher return. Just imagine if they were to invest in 107 00:05:43,839 --> 00:05:45,400 Speaker 6: when it was at twenty thousand. 108 00:05:46,760 --> 00:05:46,800 Speaker 5: M. 109 00:05:48,080 --> 00:05:51,320 Speaker 6: So if I were him, I would definitely be looking 110 00:05:51,360 --> 00:05:54,919 Speaker 6: at an asset class to investing that can give me 111 00:05:54,960 --> 00:05:57,560 Speaker 6: a higher return over a longer period of time, for sure, 112 00:05:57,800 --> 00:06:00,760 Speaker 6: and bitcoin looks like the best investment vehicle for them 113 00:06:00,800 --> 00:06:01,040 Speaker 6: to do. 114 00:06:01,120 --> 00:06:05,000 Speaker 1: So yeah, they So they're not invested in bitcoin, but 115 00:06:05,040 --> 00:06:07,120 Speaker 1: they're like bitcoin adjacent adjacent yep. 116 00:06:07,440 --> 00:06:08,960 Speaker 2: Yeah, So they invested. 117 00:06:08,600 --> 00:06:11,080 Speaker 1: In New Holdings, which is a Brazilian digital bank that 118 00:06:11,360 --> 00:06:15,440 Speaker 1: offers cryptocurrency, and then they whole shares in Jeffrey's Financial Group, 119 00:06:15,480 --> 00:06:19,760 Speaker 1: which has exposure to bitcoin's ETFs like Blackrock as you 120 00:06:19,839 --> 00:06:22,120 Speaker 1: just mentioned before, so they're adjacent. 121 00:06:23,200 --> 00:06:25,400 Speaker 2: But grey Abel is. Yeah, he's a successor. 122 00:06:26,160 --> 00:06:28,800 Speaker 1: Based on everything he's done in his career thus far, 123 00:06:29,000 --> 00:06:31,680 Speaker 1: he's kind of leaned toward the side of being what 124 00:06:31,760 --> 00:06:35,960 Speaker 1: we spoke about last week, a cautious, a very cautious investment. 125 00:06:37,120 --> 00:06:39,799 Speaker 2: So that's been his approach. Can that change, We'll see. 126 00:06:39,920 --> 00:06:44,680 Speaker 1: I mean he's not He's not in that frame of 127 00:06:45,279 --> 00:06:47,520 Speaker 1: ninety years old. I'm sticking to my plan and this 128 00:06:48,279 --> 00:06:50,360 Speaker 1: or he could you know, be like I've learned from 129 00:06:50,360 --> 00:06:52,880 Speaker 1: this guy, and you know, I'm going to continue his 130 00:06:52,960 --> 00:06:56,159 Speaker 1: legacy down the approach of conservative investment because we've seen 131 00:06:56,200 --> 00:06:58,320 Speaker 1: him pay off to the treasures tress of three hundred 132 00:06:58,360 --> 00:07:00,880 Speaker 1: and forty seven billion, So yeah, it will. 133 00:07:01,040 --> 00:07:02,560 Speaker 2: It'll be interesting to see how it plays out. 134 00:07:02,800 --> 00:07:06,320 Speaker 6: One percent exposure for them, and that fund over a 135 00:07:06,360 --> 00:07:08,479 Speaker 6: five or six year period could get them a seven 136 00:07:08,560 --> 00:07:12,680 Speaker 6: eight hundred percent return hypothetically if they get it. If 137 00:07:12,720 --> 00:07:14,760 Speaker 6: nothing else, I know what's done a great job of 138 00:07:14,800 --> 00:07:17,840 Speaker 6: acting like he doesn't know how to trade his price, 139 00:07:18,200 --> 00:07:20,440 Speaker 6: Like if you just go homework assignment. Go map out 140 00:07:20,480 --> 00:07:22,480 Speaker 6: like his top ten investments and see when he got in. 141 00:07:23,080 --> 00:07:27,080 Speaker 6: They're usually close to the bottom of the market. So 142 00:07:27,160 --> 00:07:29,840 Speaker 6: if anything he's learned him, he's taught him how to 143 00:07:29,840 --> 00:07:32,920 Speaker 6: do price discovery really well. If they get in bitcoin 144 00:07:33,000 --> 00:07:35,240 Speaker 6: at the right price. Like even if let's say, if 145 00:07:35,240 --> 00:07:38,520 Speaker 6: it fell to sixty one thousand or sixty two thousand, 146 00:07:38,520 --> 00:07:39,720 Speaker 6: which I don't think it will, but if. 147 00:07:39,600 --> 00:07:42,560 Speaker 5: It did, how do you argue to not buy it 148 00:07:43,240 --> 00:07:43,880 Speaker 5: at that price. 149 00:07:46,840 --> 00:07:48,480 Speaker 2: You gonna have some exposure at that price. 150 00:07:49,160 --> 00:07:51,000 Speaker 3: You gotta have some You gotta have some exposure at 151 00:07:51,000 --> 00:07:51,520 Speaker 3: any price. 152 00:07:52,080 --> 00:07:54,520 Speaker 4: We said, if you if bigcoin goes in eighty thousand, 153 00:07:54,560 --> 00:07:56,280 Speaker 4: you gotta like it. If it's in seventy thousand, you 154 00:07:56,320 --> 00:07:59,680 Speaker 4: gotta like it. Like if you believe in bitcoin, you 155 00:07:59,760 --> 00:08:02,120 Speaker 4: have to have exposure at any at any price. 156 00:08:02,720 --> 00:08:07,920 Speaker 1: Yeah, that's the part, is the belief, right, If one's 157 00:08:08,040 --> 00:08:10,360 Speaker 1: stance has been that it's rat poison. 158 00:08:10,760 --> 00:08:12,320 Speaker 3: You don't got to have exposure on any price. Then 159 00:08:12,560 --> 00:08:13,679 Speaker 3: either you got to have exposure. 160 00:08:14,120 --> 00:08:16,120 Speaker 4: You got to have exposure at any price, or you 161 00:08:16,160 --> 00:08:17,960 Speaker 4: don't have to have exposure at any price, because if 162 00:08:18,000 --> 00:08:20,640 Speaker 4: you don't believe in it, if it's at ten thousand dollars, 163 00:08:20,880 --> 00:08:21,600 Speaker 4: you're not gonna buy it. 164 00:08:21,600 --> 00:08:23,760 Speaker 1: And that's what I'm saying, right, It's it's more than 165 00:08:23,960 --> 00:08:25,520 Speaker 1: just the prices, the actual belief. 166 00:08:26,040 --> 00:08:28,000 Speaker 2: Right. If the CEO is saying, yo, it's rat poison, 167 00:08:28,080 --> 00:08:28,800 Speaker 2: we're not touching it. 168 00:08:29,720 --> 00:08:32,000 Speaker 3: Well, Jamie Dimond said that it was a scam also, 169 00:08:32,200 --> 00:08:32,560 Speaker 3: and they. 170 00:08:32,480 --> 00:08:34,240 Speaker 5: Were buying that shit like crazy in England. 171 00:08:34,440 --> 00:08:37,600 Speaker 1: And he's still a CEO. There hasn't been a successor. 172 00:08:38,120 --> 00:08:41,080 Speaker 1: He's passing it down. So let's see what the successor does. 173 00:08:41,320 --> 00:08:43,240 Speaker 1: It's his stance rat poison. 174 00:08:43,520 --> 00:08:44,240 Speaker 2: We don't know yet. 175 00:08:44,800 --> 00:08:48,319 Speaker 6: And if even if you're not pro bitcoin, you can't 176 00:08:48,480 --> 00:08:50,920 Speaker 6: not see that the value of the dollar is dying. 177 00:08:51,400 --> 00:08:54,760 Speaker 6: It's a paratrade. You would have to be long bitcoin 178 00:08:54,880 --> 00:08:55,880 Speaker 6: versus short the dollar. 179 00:08:57,360 --> 00:08:58,000 Speaker 3: That's a fact. 180 00:08:58,960 --> 00:09:00,880 Speaker 5: Well, it's just math. 181 00:09:01,679 --> 00:09:04,360 Speaker 4: We will see. We will monitor the situation. But yeah, 182 00:09:04,960 --> 00:09:07,559 Speaker 4: people tell you things all the time that's not actually true. 183 00:09:09,480 --> 00:09:10,280 Speaker 5: Yes. Hello. 184 00:09:10,640 --> 00:09:14,240 Speaker 7: An illegal alien from Guatemala charged with raping a child 185 00:09:14,320 --> 00:09:18,119 Speaker 7: in Massachusetts. An MS thirteen gang member from Al Salvador 186 00:09:18,360 --> 00:09:22,480 Speaker 7: accused of murdering a Texas. Man of Venezuelan charged with 187 00:09:22,559 --> 00:09:26,440 Speaker 7: filming and selling child pornography in Michigan. These are just 188 00:09:26,559 --> 00:09:30,319 Speaker 7: some of the heinous migrant criminals caught because of President 189 00:09:30,360 --> 00:09:33,880 Speaker 7: Donald J. Trump's leadership. I'm Christy Noman, the United States 190 00:09:33,960 --> 00:09:38,760 Speaker 7: Secretary of Homeland Security. Under President Trump, attempted illegal border 191 00:09:38,760 --> 00:09:42,320 Speaker 7: crossings are at the lowest levels ever recorded, and over 192 00:09:42,400 --> 00:09:45,600 Speaker 7: one hundred thousand illegal aliens have been arrested. If you 193 00:09:45,679 --> 00:09:49,520 Speaker 7: are here illegally, your next you will be fine nearly 194 00:09:49,600 --> 00:09:53,640 Speaker 7: one thousand dollars a day, imprisoned, and deported. You will 195 00:09:53,679 --> 00:09:57,320 Speaker 7: never return. But if you register using our CBP home 196 00:09:57,360 --> 00:10:00,000 Speaker 7: app and leave now, you could be allowed to reach 197 00:10:00,080 --> 00:10:04,720 Speaker 7: turn legally, do what's right. Leave now. Under President Trump, 198 00:10:04,880 --> 00:10:08,480 Speaker 7: America's laws, border and families will be protected. 199 00:10:08,559 --> 00:10:10,680 Speaker 5: Sponsored by the United States Department of Homeland Security.