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Speaker 1: Wake that answer in the morning.

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Speaker 2: Breakfast Club. Yeah, I'm Charlamagne to God. Justs hilarious. We

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Speaker 2: are to Breakfast Club. India is not here at the moment,

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Speaker 2: but we have a special guest in the building. He's

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Speaker 2: been here before a couple of times. Jordan Belfer.

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Speaker 3: What's that's up? Everybody?

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Speaker 1: You guys are looking good today?

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Speaker 2: You know how you feeling.

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Speaker 3: I'm feeling good.

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Speaker 1: Listen for a couple.

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Speaker 3: Got a big surgery about three rotate a cuff right,

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Speaker 3: and uh had a grabs that took. I had to

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Speaker 3: take muscle from my laps and my Peck's a big deal.

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Speaker 3: But I'm on the men there, so I'm solids or

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Speaker 3: rock and right all rehab something rehab, do that and

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Speaker 3: I do it. Yeah, a lot of golf, weightlifting, and

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Speaker 3: I wrestled in college and I just had three surgeries

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Speaker 3: before this. It was just like.

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Speaker 4: Totally wearing tear.

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Speaker 3: Yeah, wearing tear. Yeah.

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Speaker 2: Justin's never met you before, but she did see The

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Speaker 2: Wolf of Walls.

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Speaker 1: Yes, and you're the real I'm the real wolf. I'm

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Speaker 1: retired wolf, you know, the more benevolent wolf.

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Speaker 3: Yeah. It was a great movie. And uh, the thing

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Speaker 3: with that movie is interesting for me is that like

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Speaker 3: that those those events took place thirty years ago, but

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Speaker 3: like because the movie came out in twenty and thirteen,

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Speaker 3: it's still on TV. He was like, no, that happened

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Speaker 3: like three weeks ago, right, like like is your daughter

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Speaker 3: still three years old?

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Speaker 1: My daughter's thirty.

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Speaker 3: I have a grandson. So it's pretty funny.

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Speaker 2: You know, I don't think after where you got the

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Speaker 2: wolf from? Where did the wolf come from?

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Speaker 3: Believe it or not, the wolf came from a show

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Speaker 3: you don't watch, Jolligan's Island, Okay, So I mean the

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Speaker 3: character Thirst and how the third is nickname was the

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Speaker 3: Wolf of Wall Street.

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Speaker 1: So it's like a joke about that. Yeah yeah, uh huh.

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Speaker 4: So about the movie, how much of it was like

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Speaker 4: really vinced? Like was it that? Was any of it

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Speaker 4: add ons or like?

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Speaker 3: So I was saying, like I said, ninety percent of

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Speaker 3: it was true and this stuff and my life was

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Speaker 3: probably even more insane because it was stuff that you

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Speaker 3: just couldn't put on screen, would be X ray.

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Speaker 1: You know, I'm not bad, right, but the stuff that.

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Speaker 3: Wasn't true, it was a lot of like characters, well

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Speaker 3: like there collapse three people's actions into one character like

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Speaker 3: Danny character got it was bad. Danny did it right?

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Speaker 3: You know that was a diy Jonah Hill character, right,

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Speaker 3: and they moved the tomeline around, but by and large

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Speaker 3: it was really accurate.

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Speaker 2: You know, you got a new book out called The

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Speaker 2: Wolf of Investing. What came out fall the last year.

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Speaker 2: My inside is playbook for making a fortune on Wall Street.

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Speaker 2: You know the first thing people will say is why

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Speaker 2: should you listen to him?

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Speaker 1: Question? Big question.

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Speaker 3: I think that you know, on some level, you know

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Speaker 3: who better to expose what's going on on Wall Street?

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Speaker 3: And someone that made the mistakes was parted on the inside,

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Speaker 3: and and I think, you know, it's funny people say,

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Speaker 3: you don't why don't you have a write.

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Speaker 1: About the stock book? And I never did before.

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Speaker 3: So my all my books about before was a bit

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Speaker 3: about sales or my life story. Right. But you know,

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Speaker 3: obviously I have massive knowledge about Wall Street around one

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Speaker 3: of the largest drums on Wall Street in the nineties,

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Speaker 3: the in the you know, IPO market.

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Speaker 1: But I never thought of writing a book.

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Speaker 3: But I think over the last since I started going

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Speaker 3: out in two thousand and eight around the world and

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Speaker 3: teaching sales and entrepreneurship, ethical sales, and I really helped

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Speaker 3: millions and millions of people. And I think I've rebuilt

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Speaker 3: my reputation to the point where I have a very

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Speaker 3: large fan base who trusts me, and I've helped so

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Speaker 3: many people. Like when I walk around people, so you

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Speaker 3: changed my life, you change as I walk around people

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Speaker 3: always if you changed my life. You know, I went

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Speaker 3: into this business closing why Entrepreneurship, and I felt that

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Speaker 3: it was like, you know, I felt comfortable enough.

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Speaker 1: You know, I'm going to talk about investing.

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Speaker 3: And I when I started writing the book, and I

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Speaker 3: wrote what I considered to be the surest book of

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Speaker 3: investing in they ha'ds so like unarguably the right way

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Speaker 3: for someone to get welthing in the stock market. And

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Speaker 3: it's eft opposite of everything I did back by the way,

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Speaker 3: it's like the opposite of what I did when I

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Speaker 3: actually went to check, like I was, you know, manipulating stocks.

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Speaker 1: It's smaller stocks.

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Speaker 3: The advice I'm giving in this book is really honestly,

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Speaker 3: it's for any person of any age. Obviously the younger

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Speaker 3: you thought, the better. But the thesis is as files,

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Speaker 3: there's nothing any of that's revolutionary. It's just I wrote

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Speaker 3: it in a really funny kind of laughed out loud,

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Speaker 3: irreverent way, so people would kind of turn the page

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Speaker 3: you made into a store because the truth is the

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Speaker 3: best advice for investings out there. There's nothing you have

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Speaker 3: to It's like I didn't do some analysis, like oh, eureka,

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Speaker 3: I have this way. It's not like that.

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Speaker 2: Okay, really, even with all this new stuff like bitcoin

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Speaker 2: and you know, like that.

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Speaker 3: So I listen in the book, I these two main

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Speaker 3: investments I talk about. One is the S and P

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Speaker 3: five hundred, which is an index, and so instead of

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Speaker 3: buying just a random stock and try to trade in

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Speaker 3: and out, which is a sucker's game by the way, right,

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Speaker 3: And and what really bothers me and I have this

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Speaker 3: big thing about cnbcing there and how they basically are

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Speaker 3: like the worst thing that ever happened to the average investments.

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Speaker 1: If you watch the CNBC, you'll.

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Speaker 3: Think you can trade in and out of stocks short

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Speaker 3: term to make money. And the fact is that the

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Speaker 3: scientific academic studies going back to nineteen hundred that says

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Speaker 3: it's virtually impossible.

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Speaker 1: To make to beat the S and P. It's just

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Speaker 1: like a pot.

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Speaker 3: There's a few people that can do it right, and

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Speaker 3: they're not taking It's like Warren Buffet if fews very few.

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Speaker 3: No one could beat the S and P buy and launch, right,

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Speaker 3: But if you watch the show, you'll think that's the

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Speaker 3: best way to trade. To trade, go from oil into

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Speaker 3: into crypto, from crypto into tech stocks, from tech stock

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Speaker 3: into common and you're not gonna make money that way, right,

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Speaker 3: So that one investment is the S and P.

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Speaker 1: And I wrote the book.

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Speaker 3: I think when I wrote the book, this was like

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Speaker 3: thirty eight hundred and now it's five thousand, right. I

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Speaker 3: also said bitcoin is a good investment, but small, like

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Speaker 3: five to ten percent of your portfolio, right, the largest

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Speaker 3: should be I think the S and P and at

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Speaker 3: the time was twenty two thousand. Now it's seventy three thousand.

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Speaker 3: But that doesn't the fact that I was right is

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Speaker 3: irrelevant because it just as easily could have been down

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Speaker 3: in one year. In other words, you can't look at

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Speaker 3: investing as a one year proposition. I mean I wrote that,

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Speaker 3: I said this is a bigcoin row I was twenty something.

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Speaker 3: I think it's going higher, but it could be going lower.

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Speaker 3: But I figured five to ten years from now it's

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Speaker 3: massively higher. And the S and P was thirty eight hundred,

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Speaker 3: and it might go to thirty six hundred. Maybe it's

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Speaker 3: in four thousand. I an't think we go to five

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Speaker 3: thousands and five thousand plus now. So I looked up

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Speaker 3: like genius.

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Speaker 1: That's not true.

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Speaker 3: It could have easily been down. So you can't invest

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Speaker 3: and worry about the price the next week, the next month,

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Speaker 3: or even the next year. I believe the best way,

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Speaker 3: especially people in that thirties, twenties, thirties, forties, even fifties, Right,

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Speaker 3: you have to take a long term horizon and rely

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Speaker 3: on what's called compounding. So with the S and P

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Speaker 3: five hundred, the idea is that you know, you take

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Speaker 3: the profits and you just let it as it compounds

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Speaker 3: and get you're dividends. You reinvest the dividends, you let

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Speaker 3: the compound over time, even though it only turns ten

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Speaker 3: turns ten percent a year. So you say to yourself, like, well,

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Speaker 3: ten percent a year, how do I get rich on

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Speaker 3: ten percent a year?

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Speaker 4: Right?

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Speaker 3: If I put in thirty thousand dollars three grand, what

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Speaker 3: does that do for me? Right? But what you don't

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Speaker 3: realize is that the next year you have thirty three

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Speaker 3: thousand and if it compounds, then you have a bit more.

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Speaker 3: That compounding after it's like twenty years goes parabolic. So

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Speaker 3: like literally, if you invest in like thirty thousand dollars

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Speaker 3: in the S and P, and let's go back thirty

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Speaker 3: years from thirty years ago, forty years ago, right, thirty

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Speaker 3: thousand dollars two hundred dollars a weekend, you'd have like

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Speaker 3: twenty five million dollars. Now it's like, and I just

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Speaker 3: made that number up, so I could be off like

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Speaker 3: five a table, but you're a massive amount of millions

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Speaker 3: of dollars, right, So I think the trap that people

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Speaker 3: forward to when they invest is they say, I only

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Speaker 3: have five thousand dollars or ten thousand.

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Speaker 1: I got to make a huge hit. I have to

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Speaker 1: time the market.

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Speaker 3: So they get trapped in trying to short term trade

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Speaker 3: or they go on March and they get blown out

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Speaker 3: and you can't. You could start with a small amount

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Speaker 3: and end up with a huge amount if you have patience.

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Speaker 3: That's what the book is about.

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Speaker 4: Yeah, the key is patience.

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Speaker 3: Patience and also that you know you're not going to

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Speaker 3: beat the S and P five hundred. So the corner

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Speaker 3: stone of your portfolio should be this and there's no

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Speaker 3: fees attached to it. You put your money in, you

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Speaker 3: let it ride. So it's like set it and forget.

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Speaker 3: It's passive investing.

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Speaker 2: Right, don't even put it in there, and don't even

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Speaker 2: like you.

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Speaker 3: Can't because the trap is is that you know, you

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Speaker 3: think that you know, well, the market's gonna will bear market.

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Speaker 1: Okay, fair enough, you have a bear market, but buy.

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Speaker 3: You go back history historically it's always goes up over

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Speaker 3: thirty years. So listen, it's possible the United States could

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Speaker 3: be destroyed, but we have bigger problems than than your portfolio. Right,

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Speaker 3: So that's that's the essence of the book. But also

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Speaker 3: I go through a very very damning history and historically

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Speaker 3: about Wall Street, how it got so fucked up? Okay,

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Speaker 3: I go through that in detail, and it's pretty while

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Speaker 3: when you read, like why is it that, like, you know,

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Speaker 3: firms get away with murder?

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Speaker 1: You guys know what's going on?

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Speaker 3: I know, you know, like the bigger firms that I mean,

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Speaker 3: they're engaged in massive fraud, but they also serve a

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Speaker 3: very useful purpose. So they have like this kind of

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Speaker 3: the Yin and Yang purpose. The purpose is without without

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Speaker 3: the big firms, the economy would not run. You need

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Speaker 3: to have brokerage firms and banks to provide credit, to

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Speaker 3: give money to companies to go public, to do an

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Speaker 3: oulysive compancy, which ones deserve money.

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Speaker 1: To keep orderly markets. In other words, you need.

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Speaker 3: Capital markets and you need a functional batting system to

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Speaker 3: lend money, to raise money, to deploy money.

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Speaker 2: Right, how much long do you think we'll have that?

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Speaker 2: Because they've been I've been hearing rumors of potential bank crises.

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Speaker 1: Yeah, yeah, well but you know, here's the thing.

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Speaker 3: The bank there's in the US that won't be bank

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Speaker 3: those those buy them, they'll bail them out.

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Speaker 1: They'll always bail them out. There's no way.

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Speaker 3: So even like when you hear all this stuff, like

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Speaker 3: there's always noise back that he's six months ago, and

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Speaker 3: there's no way they're gonna let even the big one

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Speaker 3: in Silicon Valley bank, whereas a lot of money they

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Speaker 3: acted very irresponsibly, right, although they be not as they

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Speaker 3: just got bad bad luck and responsibility, right, But you

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Speaker 3: knew the government was gonna not let the depositors, because

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Speaker 3: that's if that happened, I mean shit, like you know

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Speaker 3: it would be so bad. But what happened is is

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Speaker 3: that everyone would take them money out of the small

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Speaker 3: local banks and all you would have is the big

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Speaker 3: four or five banks out there. Right. I don't really

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Speaker 3: think that's an issue. But what happens is that when

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Speaker 3: you look at the success of the United States economically.

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Speaker 1: It's based I think on two things.

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Speaker 3: Number one, it really well ordered capital markets, liquid can

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Speaker 3: and also that the dollar is the reserve currency.

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Speaker 1: That's a much bigger threat.

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Speaker 3: I think, like the dollar right now is you know,

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Speaker 3: kind of losing its luster around the world, and if

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Speaker 3: the dollar ever loses it completely, that would be a

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Speaker 3: disaster for the US.

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Speaker 5: You think, so with this crash course that you just

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Speaker 5: gave me, because you know, I'm into it, but I

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Speaker 5: ain't into it like that. I just learned a lot

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Speaker 5: in first what you only been in here for ten minutes?

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Speaker 5: Do you think it's a waste of time to even

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Speaker 5: go to college or to take a like class on

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Speaker 5: and stuff like?

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Speaker 2: You know?

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Speaker 1: So I think those things that college is two sizes

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Speaker 1: to it.

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Speaker 3: If you want I have two children, right, okay, and

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Speaker 3: a step as well. Right, if you want to be

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Speaker 3: professional doctor, a lawyer, or something else, like my daughter's

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Speaker 3: a psychologist right where a license is required. And I think,

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Speaker 3: of course you should go to college and go down

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Speaker 3: the path and do whatever courses you got to take

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Speaker 3: to get licensed. And there you want to be an

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Speaker 3: accountant a lawyer, right, that's one thing. Right, If you

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Speaker 3: have no on entrepreneurial side, QUEU and you want to

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Speaker 3: go and get an MBA is something you can do that.

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Speaker 3: But if you're someone else that like is going to

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Speaker 3: do either into the trades or you want to be

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Speaker 3: an entrepreneur a music as a musician in music, right,

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Speaker 3: I don't think there's any reason to go to college. Well,

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Speaker 3: in college is a complete waste of time with ridiculously

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Speaker 3: you know, pumped up.

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Speaker 1: Tuitions that are just asinine if you ask me so,

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Speaker 1: I would.

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Speaker 3: Never recommend someone to go to college unless they want

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Speaker 3: to choose that path.

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Speaker 1: And my daughter it makes sense for my son, it didn't,

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Speaker 1: you know.

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Speaker 3: But for investing list, it's so listen for you, Like

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Speaker 3: I said in a few it's it's so easy to

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Speaker 3: manage your money because you don't need a money manager

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Speaker 3: and you don't need a financial planner except for your taxes. Right,

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Speaker 3: you just buy the most of your money eighty percent

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Speaker 3: should be in the s and P five hundred. You

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Speaker 3: take ten percent you put into a bond fund is

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Speaker 3: in the book, right, bonds are like fixed income, so

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Speaker 3: just to kind of smooth out the returns over the years,

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Speaker 3: and then the rest and by the way, the rest

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Speaker 3: you can speculate with.

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Speaker 1: You can have fun.

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Speaker 3: There's nothing wrong with taking fun five or ten percent

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Speaker 3: of your money and taking some flyers on whatever that

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Speaker 3: means bitcoin.

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Speaker 1: You want to trade a short term stock.

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Speaker 3: But the problem is if you don't set aside any

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Speaker 3: money for risk capital, then you might start using a.

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Speaker 1: Lot more than five to ten percent.

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Speaker 3: But like, if you do that in thirty years, you'd

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Speaker 3: just be shocked at how much money you ended up

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Speaker 3: with simply from a ten percent return, like and some

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Speaker 3: years it's gonna lose twelve percent, but then like last

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Speaker 3: year he made twenty seven percent. Right, it averages out,

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Speaker 3: And basically it's like a set and forget can't go

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Speaker 3: wrong investment in some.

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Speaker 1: Level, like you put a good point up in the beginning,

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Speaker 1: why trust me?

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Speaker 3: On some level, it was like when I wrote the book,

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Speaker 3: was like by kind of making right what I felt

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Speaker 3: like because I have a really young audience and I said,

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Speaker 3: every kid reads this book, the amount of money they're

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Speaker 3: gonna save themselves by not getting suckered in. It's like

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Speaker 3: to these you know, to high margin where you borrow

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Speaker 3: money against your positions, which kids do all the time.

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Speaker 1: It's a freaking disaster, right, So I.

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Speaker 3: Figured it was. It was like kind of my gift

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Speaker 3: back to everybody. I think the book really was and

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Speaker 3: I think I succeeded. You know.

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Speaker 2: I like what you said there because you know, even

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Speaker 2: when we talk about politics and you you know, whether

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Speaker 2: it's a politician like you know, President Biden who's done

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Speaker 2: things like the eighty six mandatory minimum CINCE and eighty

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Speaker 2: eight crack law in ninety four crime bill, people are

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Speaker 2: asking him now since you're in the position of power

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Speaker 2: you're in, right, those are wrong, yeah, should but that's

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Speaker 2: what it feels like you're attempting to do, you know.

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Speaker 1: I mean, listen, I've been doing that.

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Speaker 3: But like you met me when we met the last

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Speaker 3: time with the sales stuff, right, and that book was

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Speaker 3: hugely successful, you know, And and again when I walk,

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Speaker 3: you know, I'll tell you what, it's the greatest thing

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Speaker 3: to walk around the world. And it's all over the

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Speaker 3: world and Peter confeious that you changed my life, Yeah,

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Speaker 3: you made my life better or like also by the way,

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Speaker 3: it's just that even if they haven't read anything I did,

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Speaker 3: just the movie itself like the idea that a comeback

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Speaker 3: like I really it's okay to curse here. I really

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Speaker 3: fucked up, Like I really fucked up. And I was

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Speaker 3: one of those peoples that I'm fucking guilty, like I'm on.

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Speaker 3: I never tried to to like minimum what I did, right.

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Speaker 3: I made like if you're in jail, everyone's like a

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Speaker 3: minute said I like the.

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Speaker 1: Fucking guilty, Yeah, you're right.

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Speaker 3: Guilty, right, so, and of course I felt like shit

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Speaker 3: about it, right, and people lost money. I paid back

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Speaker 3: a ton of money the whole thing, right, And but

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Speaker 3: you know, I'll tell you what the people a lot

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Speaker 3: of young people are older people too. They see what

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Speaker 3: happened to my life and how successful I am now,

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Speaker 3: and they're like it gives them hope and and it's

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Speaker 3: part of also my message.

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Speaker 1: It doesn't matter. And we all make mistakes. And you

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Speaker 1: could either there's two things.

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Speaker 3: You could either be defined by your mistakes, right like

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Speaker 3: you you can become your mistakes. I stirred up I'm

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Speaker 3: a bad person, so I guess I'm bad now that's

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Speaker 3: who I am. Or you can learn from your mistakes

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Speaker 3: and get stronger and change and like cause you know,

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Speaker 3: when you have pain like that, it's an impetus to change, right,

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Speaker 3: And as long as you're wanting to put one foot

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Speaker 3: in front of the other and do the hard work.

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Speaker 3: And also I work really, really hard, and my hard

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Speaker 3: work always ad been right you, it doesn't matter where

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Speaker 3: you are, how low you've fallen in life, you could

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Speaker 3: always turn and around. It's up to you, you know

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Speaker 3: what I'm saying. And also part of that is learning

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Speaker 3: specific skill sets. So for example, like with the sales book, right,

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Speaker 3: that's like a sales is a skill that you matter

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Speaker 3: what you do. You're always trying to not even self

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Speaker 3: just communicate your ideas, your hopes, your dreams, the value

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Speaker 3: that you have. It doesn't matter what line of work

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Speaker 3: you're And you could be a mother trying to convince

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Speaker 3: your kids to make their beds in the morning. You

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Speaker 3: could be a teacher trying to convince your children and

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Speaker 3: the value of doing their homework or just education in general.

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Speaker 3: You could be a pastor trying to influence your congregation.

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Speaker 3: You could be God for a bit, a politician trying

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Speaker 3: to influence people to vote for you. Right, But in

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Speaker 3: any line of work, that communication is critical, mission critical,

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Speaker 3: and I think what happens and in any field, like

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Speaker 3: in what you guys do, there's certain skill skets that

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Speaker 3: you've honed over the years. You work really hard to

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Speaker 3: get to where you are. You're an engineer, there's a

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Speaker 3: certain skill sets are quiet today. If you start a business,

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Speaker 3: you need to know certain entrepreneurial skills. A lot of

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Speaker 3: times people they have the vision, they know what they

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Speaker 3: want to do, but they're not wanting to learn the

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Speaker 3: skills they need to succeed at it.

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Speaker 1: So I'm a big believer in like.

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Speaker 3: It's not just hard work, it's actually it's going to

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Speaker 3: be some that whatever you're trying to do in life,

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Speaker 3: there's going to be a mission critical skill that you

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Speaker 3: have to perfect. And whether it's the you know, the

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Speaker 3: ten thousand hours or whatever how many hours it takes,

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Speaker 3: or being mentored by someone and not trying to jump ahead,

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Speaker 3: which is by the mistake I made very young. I

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Speaker 3: didn't use mentors correctly at the wrong one and you

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Speaker 3: pick up bad habits, right, But if you if you

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Speaker 3: want to put the hard work, and it doesn't matter

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Speaker 3: how low you form, anybody can turn around, I believe.

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Speaker 3: And at least you know, not even rich, but do

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Speaker 3: really well in life. Yeah, you know.

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Speaker 1: And that and this book, I guess is sort of

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Speaker 1: like the U.

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Speaker 3: And I hate writing, by the way, do you write?

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Speaker 2: Yeah?

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Speaker 5: Right?

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Speaker 1: I hate it.

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Speaker 2: I mean, I have somebody who writes with me, but

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Speaker 2: I write, like my third book comes out in me.

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Speaker 1: Yeah so, and that's awesome.

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Speaker 3: This is my fourth book and I don't I write alone, right,

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Speaker 3: I don't have a ghost writer at all, and help me.

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Speaker 3: And I hate it, but like I love having written, right.

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Speaker 3: The best thing is when the book is done right.

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Speaker 3: It's a great feeling. So this is my fourth book,

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Speaker 3: and I think it don't know, I.

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Speaker 1: Think it's one more book, but I got it.

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Speaker 3: It's a grind when you do it, though, you know,

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Speaker 3: but you know, so yeah, I think I think the

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Speaker 3: book is is uh going to really help anyone who

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Speaker 3: reads it? That's my uh.

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Speaker 2: And you know, people don't realize you actually paid people back,

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Speaker 2: you paid the people that you I did.

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Speaker 3: Yeah. Well, the problem I had is that it was

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Speaker 3: really weird because I had this huge fine, right, but

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Speaker 3: it didn't represent the people who lost money. It was

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Speaker 3: just like the people who lost money was much less.

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Speaker 3: And then, like, you know, I don't want to get

427
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Speaker 3: into this, it's a whole subject, but you know, noisy,

428
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Speaker 3: but you know, I got some letter, some rapport from

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Speaker 3: the trustee or from the bankruptcy of the whole firm,

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Speaker 3: and it said like they had extra money leftover, they

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Speaker 3: couldn't find any more people to pay back. And yet

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Speaker 3: I still kept paying back for twenty more years. But

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Speaker 3: that's spilled book. I never resented. I'm you know, here's

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Speaker 3: the truth. I think this. There's two ways to live life.

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Speaker 3: One is to get bitter and to have resentment and

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Speaker 3: to want revenge. I'm just not liked. I never hold

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Speaker 3: grudges that any anybody or anything. And I look forward,

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Speaker 3: not backwards. And you know, right now, I'm very fulsted.

439
00:18:11,640 --> 00:18:14,080
Speaker 3: I unfortunate. A lot of people don't get a second chance.

440
00:18:14,640 --> 00:18:16,600
Speaker 3: So when you do get a second chance like I did,

441
00:18:16,760 --> 00:18:19,360
Speaker 3: and then you know, the movie was so awesome, right,

442
00:18:19,800 --> 00:18:21,879
Speaker 3: you know, you have to respect that and cherish that

443
00:18:21,920 --> 00:18:24,119
Speaker 3: and also honor that and not fuck up again. So

444
00:18:24,240 --> 00:18:25,800
Speaker 3: like I'm really really careful so.

445
00:18:25,640 --> 00:18:27,160
Speaker 4: We're not getting too Wall Street too.

446
00:18:28,400 --> 00:18:29,480
Speaker 1: So I'm looking at Leon and I.

447
00:18:29,680 --> 00:18:32,120
Speaker 3: We ended up on the same boat somewhere about two

448
00:18:32,160 --> 00:18:34,520
Speaker 3: years ago, and we were kidding around how great the

449
00:18:34,560 --> 00:18:36,720
Speaker 3: movie was, and like, you know, he said something really great.

450
00:18:36,720 --> 00:18:40,160
Speaker 3: He goes, you know, I've never seen Marty so happy

451
00:18:40,760 --> 00:18:43,280
Speaker 3: mart Scorsese on a movie set.

452
00:18:43,320 --> 00:18:44,480
Speaker 2: You don't, we don't, we don't have we don't know.

453
00:18:44,520 --> 00:18:48,600
Speaker 3: Him by I know Martinsese, right, I've never seen Martin

454
00:18:48,760 --> 00:18:51,560
Speaker 3: Scorsese so happy on a movie set. He goes, like

455
00:18:51,640 --> 00:18:53,680
Speaker 3: usually he's much more seriously, he was laughing his ass

456
00:18:53,680 --> 00:18:55,280
Speaker 3: off and just he just had such and the movie

457
00:18:55,359 --> 00:18:58,440
Speaker 3: reflects Marty's like the humor of it, like Marty was

458
00:18:58,480 --> 00:19:00,600
Speaker 3: having a great time. He goes. I'm like yeah, yeah,

459
00:19:00,640 --> 00:19:02,119
Speaker 3: and he goes, but there's not gonna be no sequel.

460
00:19:02,119 --> 00:19:04,360
Speaker 3: Your life is way too boring. You too, You're too good.

461
00:19:04,359 --> 00:19:06,400
Speaker 3: Now you're not doing drugs anymore. This is my guy

462
00:19:06,480 --> 00:19:09,440
Speaker 3: right now. This is my red Bulls instead of cocaine,

463
00:19:09,480 --> 00:19:11,360
Speaker 3: you know, which is not as strong by the way,

464
00:19:11,400 --> 00:19:12,600
Speaker 3: you know, but it's more sustainable.

465
00:19:12,840 --> 00:19:15,359
Speaker 2: Is it true that Donald Trump crashed the Wolf of

466
00:19:15,400 --> 00:19:18,120
Speaker 2: Wall Street set?

467
00:19:19,840 --> 00:19:21,240
Speaker 1: Who's what did I read?

468
00:19:21,280 --> 00:19:21,440
Speaker 3: This.

469
00:19:22,560 --> 00:19:26,000
Speaker 1: I read that, by the way, it's passed. I read

470
00:19:26,040 --> 00:19:26,840
Speaker 1: where did I read that?

471
00:19:27,080 --> 00:19:27,240
Speaker 3: Was that?

472
00:19:28,240 --> 00:19:32,040
Speaker 2: Kristin Mulatty said it. Kristin Kristin merely me.

473
00:19:33,240 --> 00:19:34,840
Speaker 1: Yeah, yeah, you know its member.

474
00:19:34,920 --> 00:19:36,960
Speaker 3: Yeah yeah, she played my first wife. By the way,

475
00:19:37,560 --> 00:19:39,200
Speaker 3: his real name was Denise.

476
00:19:39,040 --> 00:19:42,360
Speaker 2: He said, says she crashed. He said he Donald Trump

477
00:19:42,400 --> 00:19:43,720
Speaker 2: crashed his set and acted the damn fool.

478
00:19:45,040 --> 00:19:46,680
Speaker 3: Well you know there you go, right, what.

479
00:19:46,680 --> 00:19:49,520
Speaker 2: Did you hear? Martin Scorsese compare Donald Trump?

480
00:19:49,520 --> 00:19:53,320
Speaker 1: Do you no what he said? Come on, man, do

481
00:19:53,359 --> 00:19:53,600
Speaker 1: you know.

482
00:19:55,600 --> 00:19:58,040
Speaker 3: You know that? I don't read anything about myself ever,

483
00:19:58,600 --> 00:20:02,439
Speaker 3: no comments, No, I never. I don't have Google or nothing,

484
00:20:02,480 --> 00:20:06,479
Speaker 3: because I think that for me at least, right, I

485
00:20:06,520 --> 00:20:09,240
Speaker 3: know in my heart that I do good ship. I

486
00:20:09,320 --> 00:20:12,480
Speaker 3: know it. I know everything I do. I'm on like,

487
00:20:12,720 --> 00:20:16,080
Speaker 3: I'm giving more value than I'm getting in money, at

488
00:20:16,119 --> 00:20:18,760
Speaker 3: least I'm trying, by the way, right, So like, and

489
00:20:18,960 --> 00:20:22,159
Speaker 3: and there's haters out there in this world, and you

490
00:20:22,320 --> 00:20:23,240
Speaker 3: have tons of I'm sure.

491
00:20:23,080 --> 00:20:23,800
Speaker 1: You have tons of haters.

492
00:20:23,840 --> 00:20:28,920
Speaker 3: You must. You gotta have something, you know. And by

493
00:20:28,920 --> 00:20:31,040
Speaker 3: the way, and the haters drive engagement, which is great,

494
00:20:31,080 --> 00:20:33,320
Speaker 3: by the way, So like I just let them, like

495
00:20:33,359 --> 00:20:35,080
Speaker 3: I don't. In the beginning, I used to look, I

496
00:20:35,119 --> 00:20:37,919
Speaker 3: fight with them, what do you you know? They're like,

497
00:20:38,040 --> 00:20:39,200
Speaker 3: how could you listen to this guy?

498
00:20:39,280 --> 00:20:39,520
Speaker 2: After?

499
00:20:40,480 --> 00:20:42,080
Speaker 1: And I'm like, this is just ridiculous.

500
00:20:42,119 --> 00:20:44,560
Speaker 3: Like if Jesus Christ was today and he gave the

501
00:20:44,960 --> 00:20:47,520
Speaker 3: sermon on the Temple Mount, people say, what an idiot?

502
00:20:47,600 --> 00:20:50,200
Speaker 3: Nothing new there. No matter who you are, they're gonna

503
00:20:50,200 --> 00:20:52,160
Speaker 3: hate on you. So I just don't read anything about

504
00:20:52,240 --> 00:20:54,240
Speaker 3: myself because there's even my wife is like, yeah, this

505
00:20:54,320 --> 00:20:56,320
Speaker 3: is a great awk. I'm like, no, yeah, I don't

506
00:20:56,320 --> 00:20:57,960
Speaker 3: want if someone tells me I'm so great, I don't

507
00:20:57,960 --> 00:20:59,760
Speaker 3: want to know about it. I know who I am.

508
00:21:00,200 --> 00:21:02,240
Speaker 3: I know my good, my bad, and my ugly and

509
00:21:02,320 --> 00:21:04,159
Speaker 3: on the whole thing. And each day I try to

510
00:21:04,160 --> 00:21:05,640
Speaker 3: be as good a person as I can.

511
00:21:06,000 --> 00:21:08,800
Speaker 1: And if you recomment, you can go freaking crazy.

512
00:21:08,560 --> 00:21:10,760
Speaker 3: What was this about Donald Trump?

513
00:21:11,440 --> 00:21:15,119
Speaker 2: He said. Martin Scorsese was in London at a film

514
00:21:15,160 --> 00:21:19,440
Speaker 2: festival and he said, paneled. Moderator Edgar Wright played a

515
00:21:19,480 --> 00:21:22,359
Speaker 2: clip from Wolf of Wall Street and he said, some

516
00:21:22,400 --> 00:21:25,000
Speaker 2: of your films people are punis for their sins, and

517
00:21:25,040 --> 00:21:29,520
Speaker 2: Wolf of Wall Street they're celebrating. They're celebrated, right, Sked

518
00:21:29,560 --> 00:21:32,919
Speaker 2: Wright said to Scorsese, who liken Bellford the Trump and

519
00:21:33,040 --> 00:21:36,840
Speaker 2: his reply, he said, politically the country they elected Trump.

520
00:21:37,200 --> 00:21:39,640
Speaker 2: It's about kill go, get the money, do anything you want.

521
00:21:39,680 --> 00:21:41,720
Speaker 2: You can't do anything to me. When he's saying I

522
00:21:41,720 --> 00:21:44,160
Speaker 2: don't have to pay taxes to a certain extent because

523
00:21:44,160 --> 00:21:47,280
Speaker 2: I have smart lawyers, he's right, it's true. It's legal.

524
00:21:47,560 --> 00:21:50,440
Speaker 2: Doesn't mean it's right, but it's legal. Scorsese said, to

525
00:21:50,520 --> 00:21:53,320
Speaker 2: the former presidents multiple indictments.

526
00:21:53,480 --> 00:21:55,720
Speaker 3: Yeah, I'd push back on that a little bit. I'll

527
00:21:55,720 --> 00:21:59,240
Speaker 3: tell you why, because I suffered the consequences from my

528
00:21:59,280 --> 00:22:03,320
Speaker 3: actions almost everything I did not. I did not leave

529
00:22:03,440 --> 00:22:04,639
Speaker 3: jail with any money.

530
00:22:04,640 --> 00:22:05,200
Speaker 1: I was broke.

531
00:22:05,640 --> 00:22:09,760
Speaker 3: I started from scratch and and my comeback started with

532
00:22:09,960 --> 00:22:12,200
Speaker 3: money I received from the Wolf of Wall Street book,

533
00:22:12,440 --> 00:22:14,680
Speaker 3: and half of it went to pay back investors, so

534
00:22:14,720 --> 00:22:16,199
Speaker 3: I was fifty percent one to investor. So it was

535
00:22:16,240 --> 00:22:18,520
Speaker 3: really very I had really tough years in the beginning,

536
00:22:19,880 --> 00:22:23,359
Speaker 3: So I pushed back on that. And also, you know,

537
00:22:23,680 --> 00:22:26,399
Speaker 3: I think that, you know, I really try hard not

538
00:22:26,440 --> 00:22:29,280
Speaker 3: to be a polarizing figure. I really do, and I

539
00:22:29,280 --> 00:22:31,080
Speaker 3: don't know if that's good. And in the beginning, there

540
00:22:31,160 --> 00:22:33,480
Speaker 3: was a few years ago I was a bit more

541
00:22:33,480 --> 00:22:36,560
Speaker 3: polarizing because there was things that bothered me about COVID,

542
00:22:36,600 --> 00:22:38,439
Speaker 3: you know, And I said, you know what, I just stop.

543
00:22:39,320 --> 00:22:42,359
Speaker 3: I don't stop my position. I'm here to help people,

544
00:22:42,440 --> 00:22:46,000
Speaker 3: to give entrepreneurial advice, stocking whatever, and I just want

545
00:22:46,000 --> 00:22:48,840
Speaker 3: to I just stopped, so, like you know, and admittedly

546
00:22:48,840 --> 00:22:51,720
Speaker 3: my engagement dropped it when you're stopped being as controversial.

547
00:22:51,720 --> 00:22:54,240
Speaker 1: But you know, I think, listen, I think you could love.

548
00:22:54,119 --> 00:22:56,280
Speaker 3: Trump, but you could hate Trump. But I mean, it

549
00:22:56,359 --> 00:22:59,760
Speaker 3: is shocking that it seems the more bad things they

550
00:22:59,800 --> 00:23:03,120
Speaker 3: say about him, the more people embrace him. I can't

551
00:23:03,160 --> 00:23:04,879
Speaker 3: quite figure that out.

552
00:23:05,240 --> 00:23:06,320
Speaker 1: Yeah, but it's shocked.

553
00:23:06,320 --> 00:23:08,440
Speaker 3: I've never seen I thought, like the first time, even

554
00:23:08,480 --> 00:23:12,000
Speaker 3: before he got elected in twenty sixteen, like that thing

555
00:23:12,000 --> 00:23:13,159
Speaker 3: with the tape ran, I think.

556
00:23:13,040 --> 00:23:13,919
Speaker 1: Oh, this guy's done.

557
00:23:14,240 --> 00:23:14,520
Speaker 2: Yeah.

558
00:23:14,640 --> 00:23:15,760
Speaker 1: I was like, this guy's done.

559
00:23:15,880 --> 00:23:17,400
Speaker 3: And then when he came out and he's like saying

560
00:23:17,400 --> 00:23:19,879
Speaker 3: you just completely like nothing, I was like, what a

561
00:23:19,920 --> 00:23:22,359
Speaker 3: stupid And I was like, holy shit, it actually worked.

562
00:23:22,520 --> 00:23:27,360
Speaker 2: But eventually crashing Yeah, well yeah, when did we ever

563
00:23:27,400 --> 00:23:31,760
Speaker 2: seen it? Not like it's inevitable. Yeah, like Trump, he

564
00:23:31,800 --> 00:23:32,800
Speaker 2: said he was a great president.

565
00:23:33,440 --> 00:23:36,359
Speaker 3: Listen. I think that Trump the president. I look at

566
00:23:36,480 --> 00:23:38,280
Speaker 3: all I can say is the world when Trump was

567
00:23:38,280 --> 00:23:40,919
Speaker 3: president there was no wars. Now, some of that is

568
00:23:41,119 --> 00:23:44,320
Speaker 3: could be coincidental, like cause some of it's just luck, right,

569
00:23:44,800 --> 00:23:49,120
Speaker 3: but there was peace, There was energy with energy independent,

570
00:23:49,760 --> 00:23:53,200
Speaker 3: I thought, you know, regulations, we were sort of less

571
00:23:53,200 --> 00:23:58,320
Speaker 3: intrusive on business. And he was an asshole, like he

572
00:23:58,359 --> 00:24:00,600
Speaker 3: was not he was like he he divided people, but

573
00:24:00,840 --> 00:24:02,680
Speaker 3: you know, like there's like so he had this his

574
00:24:02,720 --> 00:24:05,679
Speaker 3: personality was so abrasive, and I was like, what do

575
00:24:05,760 --> 00:24:08,560
Speaker 3: you like, just stick to the fucking policies which were working.

576
00:24:08,640 --> 00:24:12,439
Speaker 3: Immigration was was was tight at the border, and I

577
00:24:12,520 --> 00:24:15,320
Speaker 3: believe those and I'm proving my parents, my great great

578
00:24:15,320 --> 00:24:17,919
Speaker 3: grandmas and my grandparents were immigrants, right, So it's not

579
00:24:17,920 --> 00:24:20,400
Speaker 3: that I'm anti immigrant, of course, I think, but legal immigrants.

580
00:24:20,400 --> 00:24:22,159
Speaker 3: And there's the problem with that because the immigration system

581
00:24:22,200 --> 00:24:25,360
Speaker 3: screwed up. That needs to change also. But I think

582
00:24:25,359 --> 00:24:28,439
Speaker 3: the country was in a much better spot, except for

583
00:24:28,480 --> 00:24:31,840
Speaker 3: the fact that he pissed so many people off in

584
00:24:31,920 --> 00:24:34,480
Speaker 3: the process, and part of them being a great president

585
00:24:34,600 --> 00:24:37,320
Speaker 3: is trying to unite and not divide. So, you know,

586
00:24:37,760 --> 00:24:39,919
Speaker 3: but I have to say as a president, the world,

587
00:24:40,040 --> 00:24:42,280
Speaker 3: the country was in a better spot. I think the

588
00:24:42,320 --> 00:24:45,440
Speaker 3: world was in a better spot, and I think Biden's

589
00:24:45,520 --> 00:24:48,480
Speaker 3: is a I don't think Biden is mentally his mental

590
00:24:48,480 --> 00:24:51,320
Speaker 3: client think he's almost senile. I wouldn't quite say senile,

591
00:24:51,720 --> 00:24:55,480
Speaker 3: but although I would say that this whole thing about

592
00:24:55,480 --> 00:25:01,080
Speaker 3: the her report, right is nonsense, like and and Stewart

593
00:25:01,080 --> 00:25:02,240
Speaker 3: had a great piece of it.

594
00:25:02,320 --> 00:25:04,359
Speaker 1: So like the biggest thing that caused them naesure is

595
00:25:04,400 --> 00:25:05,200
Speaker 1: being deposed.

596
00:25:06,160 --> 00:25:09,439
Speaker 3: Like everyone who's got a kneesure on the deposed someone right,

597
00:25:09,840 --> 00:25:12,040
Speaker 3: if you got something hot, you see the stuff in Georgia,

598
00:25:12,240 --> 00:25:14,800
Speaker 3: like that lawyer, you could remember any of I don't remember.

599
00:25:14,560 --> 00:25:15,280
Speaker 1: What happened yesterday.

600
00:25:15,320 --> 00:25:16,159
Speaker 3: I don't know.

601
00:25:17,400 --> 00:25:20,840
Speaker 1: Lawyer, So I think it's a bit unfair.

602
00:25:20,880 --> 00:25:23,000
Speaker 3: Like I think it's more seriously the flubs he makes

603
00:25:23,000 --> 00:25:25,119
Speaker 3: when he can't remember stuff and loses his track on.

604
00:25:25,960 --> 00:25:28,120
Speaker 1: Yeah, but not as bad though, and they're not as bad.

605
00:25:28,200 --> 00:25:29,440
Speaker 1: It's not as bad.

606
00:25:29,480 --> 00:25:32,359
Speaker 2: I think it just depends what highlight reel you're.

607
00:25:32,680 --> 00:25:35,160
Speaker 3: But seriously, I don't think i'm as fair the horror

608
00:25:35,200 --> 00:25:39,320
Speaker 3: Bork like he's er every I didos, I don't remember

609
00:25:39,520 --> 00:25:42,280
Speaker 3: what they I don't know right, So it's some fair

610
00:25:42,280 --> 00:25:43,880
Speaker 3: Listen in the country will de saw. But I think

611
00:25:44,160 --> 00:25:47,160
Speaker 3: whatever happens in the election, and I'm not a fan

612
00:25:47,200 --> 00:25:50,760
Speaker 3: of Biden not I don't think you are either. I think, yeah, yeah,

613
00:25:51,000 --> 00:25:53,560
Speaker 3: I just since if Trump gets elected, I hope he

614
00:25:54,160 --> 00:25:56,639
Speaker 3: learns from the mistakes of like dividing and saying ship

615
00:25:56,640 --> 00:25:59,520
Speaker 3: that is inflammatory and you just check that.

616
00:26:00,760 --> 00:26:01,800
Speaker 1: At first, I was hoping that you.

617
00:26:01,880 --> 00:26:04,119
Speaker 2: Kind of already went too far past that though, Like

618
00:26:04,160 --> 00:26:06,880
Speaker 2: when you try to lead an attempted coup of this country,

619
00:26:07,160 --> 00:26:10,120
Speaker 2: what you said was just a moment of foolishness. So yeah,

620
00:26:10,359 --> 00:26:12,480
Speaker 2: was two things can be true. It is a moment

621
00:26:12,480 --> 00:26:13,960
Speaker 2: of foolishness to try to lead in the tempt I

622
00:26:14,000 --> 00:26:14,199
Speaker 2: think it.

623
00:26:14,240 --> 00:26:16,920
Speaker 3: Was a riot, you know, I look differently at it

624
00:26:16,960 --> 00:26:19,480
Speaker 3: because like they weren't armed. Then you see a real coup,

625
00:26:20,760 --> 00:26:23,120
Speaker 3: you know, people come in with guns and its organized.

626
00:26:23,520 --> 00:26:25,480
Speaker 2: Get it right the next time. Practice.

627
00:26:25,640 --> 00:26:27,879
Speaker 3: I think it was an ugly moment. Obviously, was terrible

628
00:26:27,880 --> 00:26:29,200
Speaker 3: and disgusting for the country.

629
00:26:29,280 --> 00:26:31,480
Speaker 2: Right anything you should, you should? You should? We should

630
00:26:31,600 --> 00:26:34,560
Speaker 2: rip up the constitution to overthrow the results of an election. Yeah,

631
00:26:34,680 --> 00:26:37,800
Speaker 2: His lawyers said that he never agreed to support the constitution.

632
00:26:38,200 --> 00:26:40,040
Speaker 2: You really want somebody who don't believe in the constitution

633
00:26:40,119 --> 00:26:40,560
Speaker 2: to be the leader.

634
00:26:41,119 --> 00:26:42,880
Speaker 1: I'm going to tell you something that I said.

635
00:26:42,880 --> 00:26:44,520
Speaker 3: I was the first. I think I was the first

636
00:26:44,560 --> 00:26:46,200
Speaker 3: person to say this. You go back to my social

637
00:26:46,200 --> 00:26:48,160
Speaker 3: mediause I have a big video on it. Right, I'm

638
00:26:48,160 --> 00:26:51,640
Speaker 3: gonna repost this. But right after he lost and everyone's saying,

639
00:26:51,640 --> 00:26:55,359
Speaker 3: it's fraud, it's they stole the I'm like, no, it's not,

640
00:26:56,800 --> 00:26:59,480
Speaker 3: it's not. There's no fraud. Okay, this fraud in every election,

641
00:26:59,520 --> 00:27:02,159
Speaker 3: but that's just whatever. It's regular fraud and there always is, right,

642
00:27:02,200 --> 00:27:05,920
Speaker 3: but no more than usual. Right. Trump lost the election

643
00:27:06,640 --> 00:27:10,240
Speaker 3: because the Democrats played an amazing game of mail in

644
00:27:10,320 --> 00:27:13,200
Speaker 3: voting and ballot harvesting legally like you can legally. The

645
00:27:13,240 --> 00:27:14,720
Speaker 3: way they were doing it is they had all this

646
00:27:14,880 --> 00:27:17,639
Speaker 3: early voting, and Trump said saying, go to the on

647
00:27:17,680 --> 00:27:20,200
Speaker 3: the day of the election, go and you know, don't

648
00:27:20,200 --> 00:27:22,359
Speaker 3: do mail in voting. So what happens is you have

649
00:27:22,840 --> 00:27:25,880
Speaker 3: the Democrats have thirty do every day whatever the days

650
00:27:25,880 --> 00:27:28,880
Speaker 3: before thirty forty days before. Bouts are sitting at everyone's desk,

651
00:27:29,119 --> 00:27:30,040
Speaker 3: at everyone's house.

652
00:27:30,400 --> 00:27:32,560
Speaker 1: The coffee table. People are knocking on the doors.

653
00:27:32,560 --> 00:27:33,920
Speaker 3: Do you feel at your ballot and get your ballot,

654
00:27:34,359 --> 00:27:36,199
Speaker 3: you get it, and this commercials ruwing. So you have

655
00:27:36,280 --> 00:27:39,639
Speaker 3: thirty days of voting on one side and then the

656
00:27:39,680 --> 00:27:42,800
Speaker 3: Republicans are basically showing up on election day. You're not

657
00:27:42,880 --> 00:27:46,239
Speaker 3: gonna win like that. And that's why Biden got say

658
00:27:46,280 --> 00:27:48,080
Speaker 3: how did he get eighty million votes? Because it was

659
00:27:48,440 --> 00:27:50,560
Speaker 3: It's easy to do mail in voting, so they took

660
00:27:50,600 --> 00:27:52,840
Speaker 3: advantage of what was happening. It was legal.

661
00:27:53,040 --> 00:27:54,679
Speaker 1: I don't think the election was stolen anyway.

662
00:27:54,720 --> 00:27:57,480
Speaker 3: I think they just want much smarter and more effective

663
00:27:57,480 --> 00:27:58,760
Speaker 3: at harvesting ballots.

664
00:27:58,760 --> 00:27:59,800
Speaker 1: And that's the new game.

665
00:28:00,000 --> 00:28:02,440
Speaker 2: And nobody talks about the well, we don't talk enough

666
00:28:02,480 --> 00:28:07,360
Speaker 2: about the series of unfortunate events that year was. Yeah, yeah,

667
00:28:07,480 --> 00:28:09,320
Speaker 2: George Floyd, Yeah yeah, it was.

668
00:28:10,040 --> 00:28:10,760
Speaker 1: It was a disaster.

669
00:28:11,640 --> 00:28:13,800
Speaker 2: I don't think President Biden wins the election of all

670
00:28:13,840 --> 00:28:14,560
Speaker 2: that that's not going on.

671
00:28:14,640 --> 00:28:17,480
Speaker 3: Yeah, so so again, And I think the worst thing

672
00:28:17,520 --> 00:28:20,959
Speaker 3: of it all is that there's two people that like,

673
00:28:21,080 --> 00:28:22,800
Speaker 3: I mean, I don't think anyone really I would like

674
00:28:22,800 --> 00:28:25,199
Speaker 3: to say two different people running absolutely. I mean right, so,

675
00:28:25,320 --> 00:28:27,719
Speaker 3: like you know, I mean eighty and seventy eight, it's

676
00:28:27,760 --> 00:28:30,560
Speaker 3: not in the eight. It's not age. My mother's ninety

677
00:28:30,600 --> 00:28:33,639
Speaker 3: one and she's sharp as a tack. My mother like

678
00:28:33,720 --> 00:28:34,359
Speaker 3: really shocked.

679
00:28:34,400 --> 00:28:35,119
Speaker 2: Shouldn't be president?

680
00:28:35,200 --> 00:28:39,000
Speaker 3: Yeah? It should be president, right, you know, honestly, even

681
00:28:39,160 --> 00:28:42,120
Speaker 3: like it's sick. I'm sixty one years old now, Okay,

682
00:28:43,920 --> 00:28:46,000
Speaker 3: I don't think I'm as sharpest when I was forty five.

683
00:28:47,320 --> 00:28:50,080
Speaker 3: Now I have more wisdom and experience, and I think

684
00:28:50,080 --> 00:28:52,480
Speaker 3: that's important. So I'm certainly hav enough acuity to be

685
00:28:52,520 --> 00:28:54,680
Speaker 3: president if I'm not running trusting, right, But the.

686
00:28:54,600 --> 00:28:57,560
Speaker 1: Point is, I think that when you get into your seventies.

687
00:28:57,000 --> 00:28:59,600
Speaker 3: And I don't know, I don't think you're sure, just

688
00:28:59,600 --> 00:29:01,400
Speaker 3: so you're not the person you are, I think there

689
00:29:01,440 --> 00:29:04,760
Speaker 3: should be you know, certainly some at least mental acuity

690
00:29:04,800 --> 00:29:07,800
Speaker 3: tests and also the job ages you I mean, so

691
00:29:08,160 --> 00:29:10,920
Speaker 3: I think it's pretty sad that at this point we

692
00:29:10,960 --> 00:29:13,280
Speaker 3: have an eighty or an eighty year old and seventy

693
00:29:13,360 --> 00:29:16,640
Speaker 3: eighty one, seventy seven or seventy eight, right, you know

694
00:29:17,400 --> 00:29:18,440
Speaker 3: that's the best we can do.

695
00:29:18,960 --> 00:29:25,640
Speaker 5: I'm done with this fucking politician. Okay, So your ex wife, right, Nadine?

696
00:29:26,080 --> 00:29:26,880
Speaker 5: Or is it is it?

697
00:29:26,880 --> 00:29:30,400
Speaker 4: Didn't? You said no, no, no, dye? Is she still upset?

698
00:29:30,400 --> 00:29:31,560
Speaker 4: It said that she's still upset.

699
00:29:32,240 --> 00:29:34,080
Speaker 5: She's still upset and that you haven't given her an

700
00:29:34,120 --> 00:29:37,400
Speaker 5: apology for what she feels like you ore one I want?

701
00:29:37,560 --> 00:29:38,560
Speaker 4: So you know that is it?

702
00:29:38,600 --> 00:29:42,360
Speaker 5: Because are you still upset that she posted something about

703
00:29:42,400 --> 00:29:44,680
Speaker 5: like posted details about you guys' relationship.

704
00:29:45,920 --> 00:29:46,640
Speaker 2: No, no, no.

705
00:29:46,600 --> 00:29:49,240
Speaker 3: It's no no. I think this is you're into the

706
00:29:49,280 --> 00:29:51,600
Speaker 3: personal stuff here a little bit. No, Listen, we have

707
00:29:51,680 --> 00:29:56,200
Speaker 3: we have two children together, right, and we've always gotten

708
00:29:56,200 --> 00:29:58,720
Speaker 3: along really well over the years, right. But she said

709
00:29:58,760 --> 00:30:01,800
Speaker 3: some stuff that wasn't true, okay, and not that it's

710
00:30:01,800 --> 00:30:04,800
Speaker 3: not true, but she's playing the victim, okay, as if

711
00:30:04,800 --> 00:30:08,080
Speaker 3: she was the innocent flower and I corrupt her and

712
00:30:08,080 --> 00:30:11,160
Speaker 3: they're just like, listen, I'm never going to minimize the mistakes.

713
00:30:11,360 --> 00:30:15,120
Speaker 3: I was a drug addict. I was wild, okay, and

714
00:30:15,280 --> 00:30:17,840
Speaker 3: I and I really never cheating her that much. I

715
00:30:17,840 --> 00:30:19,640
Speaker 3: was with hookers mostly, and I know that's you know,

716
00:30:19,680 --> 00:30:21,960
Speaker 3: some people have different opinions on that.

717
00:30:23,720 --> 00:30:26,040
Speaker 1: But she was she had an affair with the trick

718
00:30:26,200 --> 00:30:26,440
Speaker 1: she had.

719
00:30:26,680 --> 00:30:29,920
Speaker 3: She was banging the trainer, okay, so like and you know,

720
00:30:30,200 --> 00:30:32,480
Speaker 3: and by I did four quaaludes a day, she would

721
00:30:32,480 --> 00:30:35,160
Speaker 3: do one a day. She was doing drugs with me

722
00:30:35,200 --> 00:30:38,320
Speaker 3: as well. And I said to your message would be

723
00:30:38,320 --> 00:30:41,080
Speaker 3: more powerful if you didn't make yourself a victim this

724
00:30:41,120 --> 00:30:43,640
Speaker 3: whole thing. You're part of it, and it takes two

725
00:30:43,640 --> 00:30:46,080
Speaker 3: to tango. And that was my only thing, was the

726
00:30:46,120 --> 00:30:49,400
Speaker 3: positioning herself as a victim, because she was a very

727
00:30:49,480 --> 00:30:52,840
Speaker 3: sophisticated young girl. Okay, you knew exactly what was going

728
00:30:52,880 --> 00:30:54,160
Speaker 3: on the whole time.

729
00:30:54,640 --> 00:30:56,600
Speaker 2: And did you have over releaseship?

730
00:30:57,400 --> 00:31:00,440
Speaker 3: No, No, just cheating each other, cheating, cheat it too.

731
00:31:00,840 --> 00:31:04,280
Speaker 3: And she did drugs too, and I did a lot more,

732
00:31:04,360 --> 00:31:06,120
Speaker 3: and you know I had to go to rehab.

733
00:31:06,200 --> 00:31:09,800
Speaker 1: She didn't. So I have not no listen, I.

734
00:31:10,280 --> 00:31:14,120
Speaker 2: Really had one one penis, you had multiple quiz.

735
00:31:15,480 --> 00:31:18,200
Speaker 3: I was, I was so out of control and the

736
00:31:18,280 --> 00:31:20,720
Speaker 3: drug depol But I just I think my point was,

737
00:31:20,720 --> 00:31:22,920
Speaker 3: and we've already we already made peace in this whole thing, right,

738
00:31:23,440 --> 00:31:24,080
Speaker 3: But I said to.

739
00:31:25,360 --> 00:31:28,200
Speaker 1: I think your message would be far more powerful if you.

740
00:31:28,160 --> 00:31:31,280
Speaker 3: Take some ownership for your for your rolling it, versus

741
00:31:31,320 --> 00:31:33,200
Speaker 3: trying to say you're a victim. I think that's ridiculous.

742
00:31:33,560 --> 00:31:36,160
Speaker 3: You know, I don't think victim works for anybody. I

743
00:31:36,160 --> 00:31:38,400
Speaker 3: think it's much better if you take responsibly for your

744
00:31:38,440 --> 00:31:40,800
Speaker 3: own mistakes that you made. And I think it makes

745
00:31:40,800 --> 00:31:41,800
Speaker 3: your message more powerful.

746
00:31:42,120 --> 00:31:44,480
Speaker 2: Yeah, I don't. Yeah, I agree with that. I don't.

747
00:31:44,520 --> 00:31:47,640
Speaker 2: I think there's a difference between victimhood and when somebody

748
00:31:47,680 --> 00:31:50,120
Speaker 2: actually did you dirty, and there should be some atonement

749
00:31:50,120 --> 00:31:51,920
Speaker 2: for it, right, Yeah, you know what I mean, because

750
00:31:51,920 --> 00:31:53,960
Speaker 2: you wouldn't call anybody that you got over on when

751
00:31:54,000 --> 00:31:57,240
Speaker 2: you were wolf victim. I mean they were victims, but

752
00:31:57,240 --> 00:31:59,200
Speaker 2: you wouldn't tell them that victimhood don't work for them

753
00:31:59,240 --> 00:32:00,960
Speaker 2: because they were telling Yeah.

754
00:32:01,040 --> 00:32:04,760
Speaker 3: But anything that I would ever apologize to my ex

755
00:32:04,800 --> 00:32:08,160
Speaker 3: wife about I've apologized many many times. Wait long before

756
00:32:08,480 --> 00:32:10,800
Speaker 3: while we were getting divorced, and over the years we

757
00:32:10,800 --> 00:32:14,280
Speaker 3: were very close for many years after very many very close.

758
00:32:14,320 --> 00:32:15,960
Speaker 1: You know, we always got along really well.

759
00:32:16,320 --> 00:32:19,760
Speaker 3: And I just didn't like it was succesious, weird things,

760
00:32:19,840 --> 00:32:23,360
Speaker 3: saying things that were just blatantly untrue, like like online

761
00:32:23,360 --> 00:32:26,600
Speaker 3: to try to get clickbait stuff, you know, and it

762
00:32:26,640 --> 00:32:29,160
Speaker 3: really wasn't at a ball. I never read it ever.

763
00:32:29,200 --> 00:32:31,600
Speaker 3: I don't read anything online. But I have a new

764
00:32:31,600 --> 00:32:33,200
Speaker 3: wife who reads it.

765
00:32:33,440 --> 00:32:35,320
Speaker 4: Yeah, I'm sure she bught it to you, and.

766
00:32:35,920 --> 00:32:38,120
Speaker 3: That's yeah, And that was really what it was about.

767
00:32:38,160 --> 00:32:40,240
Speaker 3: And also we have children together, and I thought it

768
00:32:40,280 --> 00:32:42,720
Speaker 3: was inappropriate, you know, but she knows what she wants

769
00:32:42,720 --> 00:32:44,440
Speaker 3: and she apologized to me for that as well.

770
00:32:44,520 --> 00:32:44,880
Speaker 4: Amazing.

771
00:32:44,880 --> 00:32:46,720
Speaker 3: I think she I think that she stopped doing it

772
00:32:46,960 --> 00:32:49,120
Speaker 3: and we get along well now, so you know, and

773
00:32:49,160 --> 00:32:51,040
Speaker 3: I whole long, I wish nothing but the best.

774
00:32:51,080 --> 00:32:52,560
Speaker 1: By the way, I love that, you know, she's the

775
00:32:52,560 --> 00:32:55,520
Speaker 1: mother of my children. She was a great mom. Sherely was.

776
00:32:55,560 --> 00:32:57,600
Speaker 3: She was a great mom. And I think she always

777
00:32:57,600 --> 00:32:59,760
Speaker 3: says I was a great dad. I hope she says that, right.

778
00:33:00,200 --> 00:33:00,920
Speaker 4: She never said the thing.

779
00:33:01,000 --> 00:33:01,440
Speaker 2: I'm joking.

780
00:33:04,280 --> 00:33:06,800
Speaker 3: It was a great mom, you know. And uh, and

781
00:33:06,880 --> 00:33:08,240
Speaker 3: we have two amazing kids together.

782
00:33:08,440 --> 00:33:10,640
Speaker 4: Yeah, amazing.

783
00:33:11,400 --> 00:33:14,480
Speaker 2: I got a couple more questions just about the investing

784
00:33:14,520 --> 00:33:17,640
Speaker 2: in at Wall Street. You said earlier that America could

785
00:33:17,680 --> 00:33:19,520
Speaker 2: be destroyed, right, and there's a lot of people who

786
00:33:19,560 --> 00:33:24,560
Speaker 2: feel like America is on the decline, right, do you

787
00:33:24,680 --> 00:33:28,280
Speaker 2: think America, the American economy is still a wise investment.

788
00:33:29,200 --> 00:33:31,520
Speaker 3: I would never bet against the American economy. I think

789
00:33:31,560 --> 00:33:33,320
Speaker 3: I think the American commy is still a great investment.

790
00:33:33,320 --> 00:33:34,840
Speaker 3: And by the way, when you're buying the S and

791
00:33:34,840 --> 00:33:38,000
Speaker 3: P five hundred, right, that's what you're buying. You're buying

792
00:33:38,040 --> 00:33:40,600
Speaker 3: the American economies, the five hundred biggest companies, right that

793
00:33:40,720 --> 00:33:43,880
Speaker 3: drive the American economy. What I was referring to before,

794
00:33:43,920 --> 00:33:45,800
Speaker 3: I think the danger and I think it was so huge.

795
00:33:45,840 --> 00:33:50,040
Speaker 3: If if there's one major mistake the Biden administrative administrat

796
00:33:50,080 --> 00:33:53,080
Speaker 3: you made was freezing Russia out of the out of

797
00:33:53,080 --> 00:33:57,480
Speaker 3: the monetary system. Okay, freezing Russian sovereign assets, cutting them

798
00:33:57,480 --> 00:34:01,000
Speaker 3: off from SWIFT was a huge blunder because all did

799
00:34:01,240 --> 00:34:03,480
Speaker 3: was drove them into this other system. They're trying to

800
00:34:03,520 --> 00:34:07,440
Speaker 3: this brick system, yes, right, So, and it makes other

801
00:34:07,520 --> 00:34:09,479
Speaker 3: countries So wait a second. So we're using the dollar

802
00:34:09,520 --> 00:34:11,520
Speaker 3: as our reserve currency, and you don't like us, You're

803
00:34:11,520 --> 00:34:13,800
Speaker 3: going to freeze our sovereign assets and cut us off.

804
00:34:14,480 --> 00:34:16,520
Speaker 3: So it's a reason for other countries to run away

805
00:34:16,520 --> 00:34:17,240
Speaker 3: from the dollar.

806
00:34:17,800 --> 00:34:21,000
Speaker 2: So it's Brazil, Russia, India, China, craft Africa are all

807
00:34:21,000 --> 00:34:23,800
Speaker 2: looking to establish this new reserve currency.

808
00:34:23,560 --> 00:34:25,120
Speaker 1: To compete with the dollar, right.

809
00:34:25,239 --> 00:34:25,680
Speaker 2: Yeah.

810
00:34:25,719 --> 00:34:28,840
Speaker 3: And by the fact that the dollar is a reserve

811
00:34:28,960 --> 00:34:30,239
Speaker 3: you don't know how I mean, you do know. I'm

812
00:34:30,280 --> 00:34:33,200
Speaker 3: sure it's so important for the economy because it allows

813
00:34:33,280 --> 00:34:36,400
Speaker 3: us the only reason we can keep printing money, and

814
00:34:36,440 --> 00:34:39,320
Speaker 3: printing money has this huge deficit because everyone around the

815
00:34:39,320 --> 00:34:41,160
Speaker 3: world sucks up these extra dollars. I go to all

816
00:34:41,200 --> 00:34:44,319
Speaker 3: my wife's Argentinian. When I go to Argentina, everyone is

817
00:34:44,320 --> 00:34:47,680
Speaker 3: it's all dollars. Everything's being collected in dollars. Transactions are

818
00:34:47,680 --> 00:34:50,120
Speaker 3: all in dollars, the big ones, right. So without that

819
00:34:50,239 --> 00:34:53,960
Speaker 3: around the world, we wouldn't be living the standalone that

820
00:34:54,000 --> 00:34:57,400
Speaker 3: we have. So the dollar is just so important. And

821
00:34:57,440 --> 00:34:59,960
Speaker 3: I think to drive Russia, do whatever you open to

822
00:35:00,120 --> 00:35:02,000
Speaker 3: ride them out of the system. It just made them

823
00:35:02,520 --> 00:35:06,239
Speaker 3: buying yen and this like now they were China right.

824
00:35:06,520 --> 00:35:08,239
Speaker 3: Didn't make any sense to me, and it didn't. And

825
00:35:08,360 --> 00:35:10,399
Speaker 3: the Russians aren't stuffing right now. Their economy, I think,

826
00:35:10,480 --> 00:35:12,640
Speaker 3: is doing pretty well because selling oil still of me

827
00:35:12,760 --> 00:35:15,240
Speaker 3: like it didn't matter. You know, I'm not pro Russia

828
00:35:15,280 --> 00:35:17,839
Speaker 3: in there, I have nothing. I've gone to Russia many times.

829
00:35:17,840 --> 00:35:20,319
Speaker 3: The Russian people are a most amazing people. I love them,

830
00:35:20,480 --> 00:35:23,279
Speaker 3: the Russian people. My biggest event was in Moscow, thirty

831
00:35:23,320 --> 00:35:26,400
Speaker 3: two thousand people. Wow, and it's a beautiful city. I

832
00:35:26,400 --> 00:35:29,680
Speaker 3: love Russian people. Hate that the war's happening. I've been

833
00:35:29,680 --> 00:35:32,239
Speaker 3: to Ukraine Kreev three times. You know, I'm saying love

834
00:35:32,360 --> 00:35:35,839
Speaker 3: Ukrainian people, right, but to sanction them with freeze their

835
00:35:35,880 --> 00:35:38,320
Speaker 3: assets and just making them and eventually they'll get the

836
00:35:38,360 --> 00:35:40,279
Speaker 3: money back when the war's over, right, But to do

837
00:35:40,280 --> 00:35:41,880
Speaker 3: it drove them out of the system, Like that's stupid.

838
00:35:41,920 --> 00:35:46,640
Speaker 3: Could the dollar collapse, I don't think it collapses unless

839
00:35:46,640 --> 00:35:49,600
Speaker 3: there's some sort of like you know, black swan event,

840
00:35:49,680 --> 00:35:51,920
Speaker 3: like an EMP pulse that knocks everything out.

841
00:35:52,000 --> 00:35:52,279
Speaker 4: I don't know.

842
00:35:52,280 --> 00:35:53,960
Speaker 3: I don't think it happens like that. I think it's

843
00:35:54,040 --> 00:35:58,200
Speaker 3: more a slow decline where you start to see that

844
00:35:58,280 --> 00:36:00,920
Speaker 3: the dollar now maybe becomes, you know, fifty percent of

845
00:36:00,960 --> 00:36:04,000
Speaker 3: the global currency of the world transactions versus eighty five

846
00:36:04,040 --> 00:36:06,640
Speaker 3: wherever's eighties in the eighties somewhere, maybe a little lower,

847
00:36:06,920 --> 00:36:07,680
Speaker 3: and it used to be.

848
00:36:07,719 --> 00:36:08,439
Speaker 1: Like ninety five.

849
00:36:08,480 --> 00:36:12,759
Speaker 3: It's getting it is already starting to unwind, right, But

850
00:36:13,040 --> 00:36:16,439
Speaker 3: I don't think it happens And I could be wrong,

851
00:36:16,480 --> 00:36:18,920
Speaker 3: But I don't think it happens in the next twenty years,

852
00:36:18,960 --> 00:36:21,399
Speaker 3: in and in others, you know, one day it's just done.

853
00:36:21,440 --> 00:36:23,279
Speaker 3: I don't think it happens that way, but I could

854
00:36:23,280 --> 00:36:23,640
Speaker 3: be wrong.

855
00:36:26,200 --> 00:36:30,279
Speaker 2: Wall Street, right, How can someone extract the benefits of

856
00:36:30,320 --> 00:36:32,800
Speaker 2: Wall Street without being drawn into the dark side right.

857
00:36:33,440 --> 00:36:34,760
Speaker 1: Yeah, that's a great question.

858
00:36:34,840 --> 00:36:39,319
Speaker 3: So the dark side is putting on CNBC right and

859
00:36:39,800 --> 00:36:42,960
Speaker 3: listening to the pundits and thinking that you can speculate

860
00:36:43,800 --> 00:36:46,600
Speaker 3: and short term trades like buying a stock today at

861
00:36:46,760 --> 00:36:50,080
Speaker 3: thirty dollars and cellar to thirty two number one you get.

862
00:36:50,160 --> 00:36:52,640
Speaker 3: I mean, human beings, by nature are the worst stock

863
00:36:52,680 --> 00:36:55,319
Speaker 3: pickers in the world, and listening to a stockbroker is

864
00:36:55,360 --> 00:36:56,360
Speaker 3: just is like idiotic.

865
00:36:56,400 --> 00:36:57,520
Speaker 1: And I'll tell you what it's.

866
00:36:57,719 --> 00:37:01,000
Speaker 3: The Wall Street investing in thing is the one exception

867
00:37:01,120 --> 00:37:03,440
Speaker 3: to the rule that we've all grown up with that

868
00:37:03,520 --> 00:37:06,040
Speaker 3: if you want to get the best result, seek out

869
00:37:06,080 --> 00:37:07,600
Speaker 3: an expert to help you.

870
00:37:07,520 --> 00:37:08,280
Speaker 1: Get the best results.

871
00:37:08,280 --> 00:37:11,320
Speaker 3: So, for example, if the pipes in your house crack

872
00:37:11,560 --> 00:37:13,880
Speaker 3: and you have a leak, I suggest you call a plumber,

873
00:37:13,920 --> 00:37:15,800
Speaker 3: a licensed plumber, to fix your pipes.

874
00:37:15,840 --> 00:37:17,480
Speaker 1: Don't try to fix yourself. You can get a much

875
00:37:17,520 --> 00:37:19,400
Speaker 1: better result. It's worth of three hundred dollars to get

876
00:37:19,440 --> 00:37:19,759
Speaker 1: your pipes.

877
00:37:19,760 --> 00:37:23,560
Speaker 3: Six. If your electricity shorts out, all right, call electrics.

878
00:37:23,560 --> 00:37:26,239
Speaker 3: Don't go yourself and try to fix your electricuty right,

879
00:37:26,360 --> 00:37:28,920
Speaker 3: much better results worth the five hundred dollars. Right. If

880
00:37:28,920 --> 00:37:31,640
Speaker 3: you're sick, yeah, you eat surgery. Don't try to cut

881
00:37:32,120 --> 00:37:34,719
Speaker 3: you cut me open. There, go to the doctor, a licensed,

882
00:37:34,719 --> 00:37:37,640
Speaker 3: professionally expert to get you surgery and get you healthy. Right.

883
00:37:38,560 --> 00:37:42,200
Speaker 3: That works in all professions except investing. It's the one

884
00:37:43,200 --> 00:37:47,440
Speaker 3: exception where the people that manage money and give you

885
00:37:47,520 --> 00:37:49,719
Speaker 3: advice don't get you a better ald to get you

886
00:37:49,719 --> 00:37:52,680
Speaker 3: a worse result than if you did it yourself by

887
00:37:52,680 --> 00:37:55,640
Speaker 3: simply buying the S and P five hundred. They're all

888
00:37:55,640 --> 00:37:57,440
Speaker 3: trying to beat the S and P five hundred, and

889
00:37:57,480 --> 00:38:01,319
Speaker 3: they never do. Now again, there's a few them that do.

890
00:38:01,760 --> 00:38:05,920
Speaker 3: They're not taking your money. They're trading for multi billionaires

891
00:38:05,960 --> 00:38:08,080
Speaker 3: and it's a closed market. And then you have the

892
00:38:08,120 --> 00:38:11,000
Speaker 3: rest of these so called hedge fund managers. Those are

893
00:38:11,000 --> 00:38:13,719
Speaker 3: the rock stars that can beat the market right, and

894
00:38:13,800 --> 00:38:17,160
Speaker 3: the rest of the people bask in the afterglow and

895
00:38:17,200 --> 00:38:20,520
Speaker 3: the return suck. When they take their twenty percent performance

896
00:38:20,560 --> 00:38:23,080
Speaker 3: bonus at two percent matching, you're not going to beat

897
00:38:23,080 --> 00:38:25,640
Speaker 3: the S and P five hundred. You do much worse.

898
00:38:26,080 --> 00:38:28,920
Speaker 3: So it's so simple for an investor to get the

899
00:38:29,040 --> 00:38:30,040
Speaker 3: value of Wall Street.

900
00:38:30,120 --> 00:38:30,279
Speaker 2: Right.

901
00:38:30,400 --> 00:38:32,880
Speaker 3: So Wall Street takes all these companies public, and if

902
00:38:32,880 --> 00:38:34,120
Speaker 3: they do well, they end up in.

903
00:38:34,080 --> 00:38:34,560
Speaker 2: The S and P.

904
00:38:34,640 --> 00:38:35,120
Speaker 1: Five hundred.

905
00:38:35,120 --> 00:38:36,800
Speaker 3: So if you own the S and P five hundred,

906
00:38:37,000 --> 00:38:39,839
Speaker 3: you get to extract all the benefits and you don't

907
00:38:40,040 --> 00:38:43,720
Speaker 3: play into all the nonsense, the noise about short term trading,

908
00:38:44,080 --> 00:38:48,960
Speaker 3: the latest sector. It's just all the fancy leverage products.

909
00:38:49,600 --> 00:38:51,560
Speaker 3: It's just a waste of time and it's been it's

910
00:38:51,600 --> 00:38:54,160
Speaker 3: not this is not me. I didn't come up with this.

911
00:38:54,360 --> 00:38:56,200
Speaker 3: Warren Buffett says the same exact thing.

912
00:38:56,400 --> 00:38:57,000
Speaker 1: He gets to say.

913
00:38:57,440 --> 00:39:01,319
Speaker 3: All the people are really a sincere and even a

914
00:39:01,360 --> 00:39:04,400
Speaker 3: sincere money manager your frails. They just buy the fucking

915
00:39:04,480 --> 00:39:06,560
Speaker 3: S and P five hundred and hold it. And if

916
00:39:06,560 --> 00:39:08,040
Speaker 3: you want to smooth that, you could buy a little

917
00:39:08,080 --> 00:39:10,160
Speaker 3: bonds in there as well. You very I hate bonds,

918
00:39:10,200 --> 00:39:12,239
Speaker 3: but still you know the formula say you should buy

919
00:39:12,239 --> 00:39:14,960
Speaker 3: some bonds as well. I talked about that in the book.

920
00:39:15,080 --> 00:39:18,000
Speaker 3: But really the S and P. It's like, it's so simple.

921
00:39:18,040 --> 00:39:20,760
Speaker 1: So that's how you extract the value out of Wall Street.

922
00:39:20,920 --> 00:39:22,480
Speaker 1: You buy the S and B, open up.

923
00:39:22,400 --> 00:39:24,759
Speaker 3: An account at van Dot or black Rock what they

924
00:39:24,760 --> 00:39:27,440
Speaker 3: all have these accounts. There's no expenses. You could buy

925
00:39:27,480 --> 00:39:30,600
Speaker 3: it in one trade and then every month put a

926
00:39:30,640 --> 00:39:32,879
Speaker 3: little bit of money in and don't worry if it's

927
00:39:32,960 --> 00:39:35,560
Speaker 3: up or down. If it's down, great, If it's upright,

928
00:39:35,680 --> 00:39:39,080
Speaker 3: that doesn't matter because over the long term it's gonna

929
00:39:39,239 --> 00:39:41,719
Speaker 3: compound like ten point two percent of the average and

930
00:39:42,160 --> 00:39:44,919
Speaker 3: like over one hundred years. Right, it's gonna keep doing

931
00:39:44,960 --> 00:39:47,160
Speaker 3: the same thing. And there no guarantees, but it's pretty

932
00:39:47,200 --> 00:39:49,239
Speaker 3: much like that's what it's gonna do. And if you

933
00:39:49,360 --> 00:39:54,839
Speaker 3: keep making small investments and reinvestor dividends, it grows so dramatically.

934
00:39:54,920 --> 00:39:57,320
Speaker 3: In the beginning it's slow, but after ten, fifteen to

935
00:39:57,440 --> 00:40:00,719
Speaker 3: twenty years it starts to skyrocket. You could end up

936
00:40:00,719 --> 00:40:03,040
Speaker 3: with literally millions and millions of dollars, even if you

937
00:40:03,080 --> 00:40:05,759
Speaker 3: don't have millions of dollars to invest. That's how you

938
00:40:05,800 --> 00:40:09,239
Speaker 3: extract value from wall streed and don't play into the

939
00:40:09,239 --> 00:40:12,680
Speaker 3: bullshit if you receive newsletters or stock just not wipe

940
00:40:12,680 --> 00:40:14,960
Speaker 3: that you except if you want to speculate and have

941
00:40:15,040 --> 00:40:18,279
Speaker 3: some fun. But that money is like casino money. That's

942
00:40:18,320 --> 00:40:20,319
Speaker 3: the secret. It's really simple and in the book, and

943
00:40:20,360 --> 00:40:22,480
Speaker 3: the book is really explains how to do it. You

944
00:40:22,520 --> 00:40:24,520
Speaker 3: know a little bit more about the taxes and stuff,

945
00:40:24,800 --> 00:40:26,600
Speaker 3: and it's a great read.

946
00:40:26,440 --> 00:40:29,480
Speaker 4: You bring one exactly.

947
00:40:29,800 --> 00:40:30,360
Speaker 1: He's got some.

948
00:40:33,200 --> 00:40:38,280
Speaker 2: Wolsting he's keeping having at home for hisself.

949
00:40:38,360 --> 00:40:38,920
Speaker 4: I don't see it.

950
00:40:39,040 --> 00:40:40,520
Speaker 2: I have one at home. I'll find it. I have

951
00:40:40,560 --> 00:40:40,879
Speaker 2: a couple.

952
00:40:41,880 --> 00:40:43,879
Speaker 3: You know, I can't carry because of my arm right now?

953
00:40:43,920 --> 00:40:46,839
Speaker 1: Yeah, oh yeah, right, whole nother arm. I was down

954
00:40:46,920 --> 00:40:50,879
Speaker 1: then saying I'm a book today. You know, I love

955
00:40:50,920 --> 00:40:52,440
Speaker 1: the Breakfast Club. I'm a father, a fan.

956
00:40:52,520 --> 00:40:55,520
Speaker 3: I listened to the Breakfast Club, and your career is awesome.

957
00:40:55,600 --> 00:40:58,000
Speaker 3: And but I love you know, I love the most

958
00:40:58,040 --> 00:41:01,120
Speaker 3: how freaking honest you are about politics, that you're not

959
00:41:01,200 --> 00:41:04,920
Speaker 3: like just a shill. And I really respect that more

960
00:41:04,960 --> 00:41:06,919
Speaker 3: than you could imagine. I respect that because there's nothing

961
00:41:07,000 --> 00:41:08,839
Speaker 3: more than I hate when I watch TV and there's

962
00:41:08,840 --> 00:41:11,840
Speaker 3: people are just shilling for the Democratic Party. You're like

963
00:41:12,040 --> 00:41:14,279
Speaker 3: dead Ball's honest. That's great and I really respect that.

964
00:41:14,280 --> 00:41:15,880
Speaker 3: I think it's the point. You have a young audience,

965
00:41:15,920 --> 00:41:17,120
Speaker 3: and young people need to hear that, you know.

966
00:41:17,239 --> 00:41:20,160
Speaker 2: Thank you, Jordan. The Wolf of investing is out right now,

967
00:41:20,239 --> 00:41:22,520
Speaker 2: is Jordan Belfoot. Thank you for coming brother my pleasure.

968
00:41:22,520 --> 00:41:23,640
Speaker 2: Thanks Breakfast Club.

969
00:41:24,080 --> 00:41:26,160
Speaker 3: Wake that answer up in the morning.

970
00:41:26,239 --> 00:41:27,320
Speaker 2: The Breakfast Club