1 00:00:00,640 --> 00:00:03,080 Speaker 1: After twenty two years of being a titan on Wall 2 00:00:03,120 --> 00:00:06,360 Speaker 1: Street and starting his own firm, Tony Kasai ge is 3 00:00:06,440 --> 00:00:10,040 Speaker 1: walking away. What to said the Ugly side Hooking and 4 00:00:10,119 --> 00:00:14,200 Speaker 1: only Inside We'll interview insiders and other titans of all 5 00:00:14,240 --> 00:00:18,120 Speaker 1: types of industry, offering advice and sharing stories of it. First, 6 00:00:19,320 --> 00:00:21,120 Speaker 1: this is another episode the. 7 00:00:21,160 --> 00:00:24,560 Speaker 2: Inside of Show. Welcome to Cannabis Talk one on one's 8 00:00:24,600 --> 00:00:28,360 Speaker 2: Financial Fridays with the Inside investor Tony k We're the 9 00:00:28,360 --> 00:00:31,000 Speaker 2: world's number one source for everything cannabis. 10 00:00:31,000 --> 00:00:34,519 Speaker 3: The information provided by Financial Friday and Tony Kasai is 11 00:00:34,560 --> 00:00:37,760 Speaker 3: for general information entertainment purposes only and should not be 12 00:00:37,800 --> 00:00:41,479 Speaker 3: considered as professional financial advice. Consult with the professional for 13 00:00:41,640 --> 00:00:43,280 Speaker 3: making any financial decisions. 14 00:00:43,920 --> 00:00:46,000 Speaker 4: Yo, I don't know where you are, what you're doing, 15 00:00:46,440 --> 00:00:48,280 Speaker 4: or what day of the week. It is for you, 16 00:00:48,400 --> 00:00:50,239 Speaker 4: ladies and gentlemen. Here at the C two one to 17 00:00:50,280 --> 00:00:53,080 Speaker 4: one iHeart Studios, it is Financial Fridays for us. 18 00:00:53,360 --> 00:00:54,040 Speaker 5: I'm Tony Kay. 19 00:00:54,120 --> 00:00:56,160 Speaker 4: You're an insider investor and I'm here to get your 20 00:00:56,200 --> 00:00:58,640 Speaker 4: mind right and your money game tight. You're hearing me 21 00:00:58,680 --> 00:01:00,720 Speaker 4: on the world famous Cannabis Talk one on one heard 22 00:01:00,800 --> 00:01:03,440 Speaker 4: all around the world in over one hundred and eighty countries. 23 00:01:03,480 --> 00:01:05,680 Speaker 4: Ladies and gentlemen, feel free to leave me a financial 24 00:01:05,760 --> 00:01:09,080 Speaker 4: question anytime at one one hundred and four twenty nineteen eighty. 25 00:01:09,319 --> 00:01:12,080 Speaker 4: You can also find me on Instagram at the Insider Investor, 26 00:01:12,080 --> 00:01:14,600 Speaker 4: and please follow the show at Cannabis Talk one on one. 27 00:01:14,800 --> 00:01:16,880 Speaker 4: Make sure you follow alike and subscribe. That's how you 28 00:01:16,880 --> 00:01:19,080 Speaker 4: show us some love, guys. Now, you guys know that 29 00:01:19,120 --> 00:01:21,480 Speaker 4: the number one reason I created Financial Fridays was that 30 00:01:21,560 --> 00:01:24,000 Speaker 4: after twenty years on Wall Street, I got sick and 31 00:01:24,040 --> 00:01:26,160 Speaker 4: tired of watching the little guy get screwed, and I 32 00:01:26,200 --> 00:01:28,120 Speaker 4: want to empower you guys. I want to give you 33 00:01:28,120 --> 00:01:30,240 Speaker 4: guys some insider access to me and my guests that 34 00:01:30,280 --> 00:01:31,080 Speaker 4: I bring on the show. 35 00:01:31,480 --> 00:01:32,039 Speaker 5: Now listen. 36 00:01:32,240 --> 00:01:34,480 Speaker 4: One of the biggest mistakes that people make in money, 37 00:01:34,800 --> 00:01:37,640 Speaker 4: especially around tax time. Guys, people think that April fifteen 38 00:01:37,720 --> 00:01:40,040 Speaker 4: is the only time you should be dealing with your taxes. Well, 39 00:01:40,040 --> 00:01:41,840 Speaker 4: this is a myth, and I think you can actually 40 00:01:41,840 --> 00:01:44,399 Speaker 4: make a lot more money by addressing your taxes on 41 00:01:44,440 --> 00:01:46,920 Speaker 4: a monthly basis. That's why I love talking about my 42 00:01:47,000 --> 00:01:50,120 Speaker 4: friends over at Easier Accounting. You guys, Easier Accounting, It's 43 00:01:50,120 --> 00:01:52,919 Speaker 4: in the name. These guys do the things for business owners, 44 00:01:52,920 --> 00:01:58,120 Speaker 4: small business owners, tax preparation, tax formation, entity formation. Give 45 00:01:58,160 --> 00:02:00,560 Speaker 4: them a call. They're over at eight eight eight and 46 00:02:00,640 --> 00:02:04,240 Speaker 4: I saw and lost the number, but they're Overeasier Accounting 47 00:02:04,320 --> 00:02:06,800 Speaker 4: dot com and the phone number is eight eight eight 48 00:02:07,000 --> 00:02:09,760 Speaker 4: six twenty zero seven seven zero again eight eight eight 49 00:02:09,840 --> 00:02:12,040 Speaker 4: six twenty zero seven seven zero. 50 00:02:12,320 --> 00:02:15,320 Speaker 5: They make accounting easy. Now we're back. 51 00:02:15,160 --> 00:02:18,560 Speaker 4: On the show set that we're here on Financial Fridays. 52 00:02:18,600 --> 00:02:20,400 Speaker 4: If you guys watched the show last week, I came 53 00:02:20,440 --> 00:02:22,840 Speaker 4: to you live from the show set next door the 54 00:02:22,960 --> 00:02:26,320 Speaker 4: new show at Taylor Armstrong and Gema Touchstone, The Naked Truth, 55 00:02:26,400 --> 00:02:28,799 Speaker 4: make sure you catch that episode, like guys. But I'm 56 00:02:28,800 --> 00:02:30,760 Speaker 4: back here on our show set. Thank you for all 57 00:02:30,760 --> 00:02:32,160 Speaker 4: the love, thank you for all the questions that have 58 00:02:32,240 --> 00:02:34,520 Speaker 4: been coming in. I wanted to address three things that 59 00:02:34,560 --> 00:02:36,639 Speaker 4: are in the news right now that I think everybody 60 00:02:36,639 --> 00:02:38,880 Speaker 4: can kind of take some lessons to, you can apply 61 00:02:38,960 --> 00:02:41,440 Speaker 4: some knowledge to and maybe even make some money. On 62 00:02:41,480 --> 00:02:44,440 Speaker 4: the show today, Connor, we're gonna be talking about three things. 63 00:02:44,440 --> 00:02:47,120 Speaker 4: We're gonna talk about the thirty five dollars boot camp 64 00:02:47,160 --> 00:02:49,280 Speaker 4: for kids at Chick fil A. Now this thing has 65 00:02:49,320 --> 00:02:52,480 Speaker 4: gotten sold out, it's gotten controversial. Of course, the Karens 66 00:02:52,520 --> 00:02:54,480 Speaker 4: are out in full force, so we're gonna have some 67 00:02:54,560 --> 00:02:57,040 Speaker 4: fun with that one. Then we're gonna talk about Apple 68 00:02:57,120 --> 00:03:00,000 Speaker 4: becoming the number one most valuable company in the world 69 00:03:00,080 --> 00:03:04,240 Speaker 4: once again. A lot of different, you know, opinions on 70 00:03:04,280 --> 00:03:06,720 Speaker 4: that one. The street was talking about them taking a 71 00:03:06,760 --> 00:03:08,720 Speaker 4: dive and why the stock has hit an all time 72 00:03:08,800 --> 00:03:12,000 Speaker 4: high once again, and why my personal opinion is it 73 00:03:12,080 --> 00:03:14,240 Speaker 4: is one of those assets that you should not trade 74 00:03:14,280 --> 00:03:17,440 Speaker 4: but actually just own. We'll touch on that, and finally, 75 00:03:17,520 --> 00:03:20,800 Speaker 4: your favorite, Connor, we're gonna be touching back on a 76 00:03:20,840 --> 00:03:22,959 Speaker 4: story that I kind of highlighted about a month or 77 00:03:22,960 --> 00:03:26,560 Speaker 4: two ago, and that's regarding Elon Musk. Just got his 78 00:03:26,680 --> 00:03:31,959 Speaker 4: sixty five billion dollar pay package reinstated by the shareholders 79 00:03:31,960 --> 00:03:34,040 Speaker 4: of all things. So that's gonna be an exciting thing 80 00:03:34,080 --> 00:03:37,040 Speaker 4: to talk about. Uh. Connor thinks that I overdo talking 81 00:03:37,040 --> 00:03:39,440 Speaker 4: about Trump, but listen, dude, when you're the richest man 82 00:03:39,480 --> 00:03:40,080 Speaker 4: in the world. 83 00:03:39,920 --> 00:03:43,120 Speaker 5: There's a lot of shit that I have to talk about, right, Yes. 84 00:03:43,040 --> 00:03:44,000 Speaker 3: Not Trump, but Elon. 85 00:03:45,600 --> 00:03:47,600 Speaker 5: Yeah, No, this is valid though. You've been Are you 86 00:03:47,600 --> 00:03:49,040 Speaker 5: okay with that? Do I have your permission? 87 00:03:49,320 --> 00:03:52,760 Speaker 3: Yes, you've been. Engineer Connor you've been you've been blessed 88 00:03:52,760 --> 00:03:53,080 Speaker 3: by me. 89 00:03:53,120 --> 00:03:55,360 Speaker 4: You go ahead, all right, brother, Well look, let's pull 90 00:03:55,440 --> 00:03:57,400 Speaker 4: up this first article up on the screen for you. 91 00:03:57,520 --> 00:03:59,920 Speaker 4: For those of you watching on YouTube, you're gonna follow 92 00:04:00,080 --> 00:04:02,000 Speaker 4: and listen on if you're listening on iHeart or any 93 00:04:02,040 --> 00:04:05,000 Speaker 4: other the streaming platforms. But Chick fil A came out 94 00:04:05,000 --> 00:04:07,240 Speaker 4: with something interesting and there's a lot of little nuggets 95 00:04:07,280 --> 00:04:07,960 Speaker 4: in this story. 96 00:04:08,160 --> 00:04:09,680 Speaker 5: You know, it's an entertaining story. 97 00:04:09,720 --> 00:04:13,240 Speaker 4: But I want to highlight the entrepreneurial journey and why 98 00:04:13,280 --> 00:04:16,240 Speaker 4: I think these parents are just so misguided and what's 99 00:04:16,279 --> 00:04:18,120 Speaker 4: wrong with the youth of today. But let me read 100 00:04:18,120 --> 00:04:20,520 Speaker 4: you this article and you can follow it on on YouTube. 101 00:04:20,680 --> 00:04:24,359 Speaker 4: But basically, one of the franchises over Louisiana announced a 102 00:04:24,480 --> 00:04:28,120 Speaker 4: unique experience for kids. Chick fil A's summer camp admission 103 00:04:28,160 --> 00:04:31,120 Speaker 4: was thirty five dollars. It consists of a three hour 104 00:04:31,240 --> 00:04:33,719 Speaker 4: session with a team leader, which is basically a manager, 105 00:04:34,000 --> 00:04:36,800 Speaker 4: and this is for kids ages twelve and up. They 106 00:04:36,800 --> 00:04:41,039 Speaker 4: did four sessions they announced it, and all the sessions 107 00:04:41,040 --> 00:04:43,880 Speaker 4: were sold out in an hour that the restaurant had 108 00:04:43,920 --> 00:04:45,960 Speaker 4: to add three more sessions. And again, this was one 109 00:04:46,000 --> 00:04:51,600 Speaker 4: location of one franchisee over Louisiana. However, all of a sudden, 110 00:04:51,760 --> 00:04:54,920 Speaker 4: Karen's came out. They started commenting about child labor laws. 111 00:04:54,960 --> 00:04:58,120 Speaker 4: This is crazy for kids. These people are super weird 112 00:04:58,200 --> 00:05:01,200 Speaker 4: training children. And then they're so many people that even 113 00:05:01,279 --> 00:05:04,839 Speaker 4: forwarded the article and tag the US Department of Labor. 114 00:05:05,080 --> 00:05:06,360 Speaker 5: On their Facebook page. 115 00:05:06,440 --> 00:05:09,080 Speaker 4: So lot to kind of extrapolate on this one, guys, 116 00:05:09,120 --> 00:05:11,159 Speaker 4: But first of all, here's my theory on this. 117 00:05:11,279 --> 00:05:11,479 Speaker 5: Right. 118 00:05:11,760 --> 00:05:14,839 Speaker 4: We've talked about, you know, higher education being broken on 119 00:05:14,920 --> 00:05:17,680 Speaker 4: previous shows. We've talked about my version of college being 120 00:05:17,680 --> 00:05:20,120 Speaker 4: a scam, and again that's kind of a SoundBite. I 121 00:05:20,120 --> 00:05:23,120 Speaker 4: don't think all higher education is wasted time, but I 122 00:05:23,160 --> 00:05:26,360 Speaker 4: think too many people are being misguided and misled by 123 00:05:26,400 --> 00:05:29,080 Speaker 4: higher education and telling you that's the only path to 124 00:05:29,160 --> 00:05:31,880 Speaker 4: revenue in a career path. But you know, right now, 125 00:05:31,920 --> 00:05:34,080 Speaker 4: when we talk about the lessons that I've learned in 126 00:05:34,080 --> 00:05:36,360 Speaker 4: my life and some of the more powerful people I've 127 00:05:36,360 --> 00:05:38,520 Speaker 4: had on the show talking about the things that they 128 00:05:38,560 --> 00:05:40,440 Speaker 4: wish they would have done different when they were younger, 129 00:05:40,760 --> 00:05:43,320 Speaker 4: everybody always says the same thing. You know, having a 130 00:05:43,360 --> 00:05:46,160 Speaker 4: good mentorship around you, having good people that you've got 131 00:05:46,160 --> 00:05:50,240 Speaker 4: in your network, tending masterminds, and just expanding your rolodex 132 00:05:50,240 --> 00:05:53,240 Speaker 4: if you will, right, and so to me, this opportunity 133 00:05:53,240 --> 00:05:56,120 Speaker 4: at Chick fil A, if I was a parent, I 134 00:05:56,320 --> 00:05:58,600 Speaker 4: absolutely would sign my kid up for a number one. 135 00:05:58,640 --> 00:06:00,200 Speaker 4: You want to show your kids why they don't don't 136 00:06:00,200 --> 00:06:02,760 Speaker 4: want to work in a fast food industry. Right, So 137 00:06:03,120 --> 00:06:05,200 Speaker 4: you're not literally you're not telling these kids that they're 138 00:06:05,200 --> 00:06:07,560 Speaker 4: going to be going and flipping burgers. But I think 139 00:06:07,680 --> 00:06:12,160 Speaker 4: the younger the the sooner that you expose children to 140 00:06:12,279 --> 00:06:15,600 Speaker 4: money and finances. You know, money shouldn't be a dangerous 141 00:06:15,640 --> 00:06:18,400 Speaker 4: topic to talk about the dinner table, right, And so 142 00:06:18,480 --> 00:06:20,240 Speaker 4: many of my friends talk about that good friend of 143 00:06:20,279 --> 00:06:24,120 Speaker 4: mine who's got the number one business podcast called Money, Money, mondays, 144 00:06:24,160 --> 00:06:26,360 Speaker 4: Dan Fleischman talks about this all the time. Is that 145 00:06:26,680 --> 00:06:28,600 Speaker 4: you know, back when we were younger, money was kind 146 00:06:28,600 --> 00:06:30,520 Speaker 4: of taboo. You weren't supposed to talk about it at 147 00:06:30,520 --> 00:06:34,200 Speaker 4: the dinner table. And sometimes money makes people feel uncomfortable. 148 00:06:34,480 --> 00:06:36,479 Speaker 4: But I think that should be flipped on its head. 149 00:06:36,560 --> 00:06:39,000 Speaker 4: I don't think that money should be an uncomfortable conversation. 150 00:06:39,040 --> 00:06:41,159 Speaker 4: I think children should be exposed to at a young age. 151 00:06:41,440 --> 00:06:43,160 Speaker 4: And I think this thing that Chick fil A is 152 00:06:43,200 --> 00:06:45,000 Speaker 4: doing is pretty brilliant. 153 00:06:45,440 --> 00:06:46,160 Speaker 5: What do you think, Connor? 154 00:06:46,240 --> 00:06:48,200 Speaker 4: I mean, you don't have any kids, but would you 155 00:06:48,240 --> 00:06:50,120 Speaker 4: let your kids go to Chick fil A boot camp 156 00:06:50,120 --> 00:06:51,120 Speaker 4: for thirty five bucks? 157 00:06:51,680 --> 00:06:52,839 Speaker 5: You eat chicken sandwiches. 158 00:06:53,279 --> 00:06:55,160 Speaker 3: I think about it, and it's like if I were 159 00:06:55,200 --> 00:06:57,919 Speaker 3: a kid, and so it's ages five to twelve. 160 00:06:57,760 --> 00:07:01,599 Speaker 4: No, no, no, it's so for kids twelve and up. 161 00:07:01,760 --> 00:07:03,239 Speaker 4: So I imagine twelve to eighteen. 162 00:07:03,360 --> 00:07:06,560 Speaker 5: This article is saying five to twelve right here. You 163 00:07:06,600 --> 00:07:07,720 Speaker 5: know what, maybe I'm an idiot. 164 00:07:07,760 --> 00:07:09,760 Speaker 4: Maybe it is five to twelve, which actually even makes 165 00:07:09,760 --> 00:07:11,480 Speaker 4: me more compelling in my prease. 166 00:07:11,640 --> 00:07:13,640 Speaker 3: Yeah, that's what I'm saying. So like, if I'm like 167 00:07:13,680 --> 00:07:16,880 Speaker 3: a five year old, I'm gonna be like slightly confused 168 00:07:16,920 --> 00:07:19,000 Speaker 3: as to why I'm in a Chick fil A. But 169 00:07:19,040 --> 00:07:21,320 Speaker 3: I guess you're not gonna be like too conscious to 170 00:07:21,360 --> 00:07:21,960 Speaker 3: think about it. 171 00:07:22,000 --> 00:07:22,640 Speaker 5: But like as a. 172 00:07:22,600 --> 00:07:26,480 Speaker 3: Twelve year old, I mean, I mean, yeah, i'd learn 173 00:07:26,520 --> 00:07:28,559 Speaker 3: about it, and I definitely would know that I probably 174 00:07:28,560 --> 00:07:31,840 Speaker 3: wouldn't want to do that. It's probably a you know, stern, 175 00:07:33,640 --> 00:07:35,239 Speaker 3: you know, lesson in life to learn. 176 00:07:35,400 --> 00:07:35,760 Speaker 5: I don't know. 177 00:07:35,800 --> 00:07:37,680 Speaker 3: I mean no hate to anyone that is working. 178 00:07:37,720 --> 00:07:40,559 Speaker 4: All I think, if nothing else, it's getting these kids 179 00:07:40,560 --> 00:07:43,160 Speaker 4: out in the business world that's making them understand marketing. 180 00:07:43,520 --> 00:07:45,800 Speaker 4: You know, they got that freaking cow that says eat 181 00:07:45,840 --> 00:07:49,360 Speaker 4: more chicken, and just there's so many little, uh, little 182 00:07:49,440 --> 00:07:51,360 Speaker 4: nuggets these kids could pick up on from. You know, 183 00:07:51,400 --> 00:07:54,000 Speaker 4: I remember my childhood, you know, it wasn't it was 184 00:07:54,040 --> 00:07:58,080 Speaker 4: always playing around, et cetera. My first taste of internship 185 00:07:58,160 --> 00:08:00,560 Speaker 4: wasn't until I was over twenty one, and some of 186 00:08:00,560 --> 00:08:03,440 Speaker 4: the more powerful people. Whether you want to get in media, business, 187 00:08:03,640 --> 00:08:06,480 Speaker 4: financial advising, doesn't matter. You know, too many of these 188 00:08:06,560 --> 00:08:09,920 Speaker 4: kids just rely on these shitty internships that are basically 189 00:08:09,920 --> 00:08:11,360 Speaker 4: you're just making copies for people. 190 00:08:11,440 --> 00:08:11,600 Speaker 5: Right. 191 00:08:11,600 --> 00:08:13,680 Speaker 4: There's very few internships that are hands on like the 192 00:08:13,680 --> 00:08:16,400 Speaker 4: ones we have here where you actually, you know, rub 193 00:08:16,520 --> 00:08:19,440 Speaker 4: rub shoulders with the executives. You're getting little marketing tips, 194 00:08:19,440 --> 00:08:22,040 Speaker 4: et cetera. So I think it's a great opportunity. Now, 195 00:08:22,240 --> 00:08:25,440 Speaker 4: you know, we got the controversy over these Karents coming 196 00:08:25,480 --> 00:08:27,360 Speaker 4: out and saying this is child labor laws and why 197 00:08:27,400 --> 00:08:30,679 Speaker 4: would you expose kids to business at such a young age. 198 00:08:30,720 --> 00:08:33,880 Speaker 4: I think it's also a brilliant strategy from Chick fil A. 199 00:08:34,000 --> 00:08:37,600 Speaker 4: You know, obviously with ai minimum wage sure in California 200 00:08:37,640 --> 00:08:39,840 Speaker 4: for fast food being twenty bucks an hour. You're going 201 00:08:39,920 --> 00:08:43,000 Speaker 4: to have the human element removed from this food service 202 00:08:43,040 --> 00:08:45,839 Speaker 4: industry here pretty soon. I think there's a McDonald somewhere 203 00:08:45,840 --> 00:08:49,240 Speaker 4: here in California that's testing a fully automated where there's 204 00:08:49,240 --> 00:08:52,760 Speaker 4: no human beings involved. Everything comes automated from the robots 205 00:08:52,760 --> 00:08:55,760 Speaker 4: flipping the burgers. There's one human in the entire McDonald's 206 00:08:55,800 --> 00:08:58,720 Speaker 4: and everything else is kiosk and comes automated to you 207 00:08:58,760 --> 00:09:01,880 Speaker 4: by a robot. So this happens, brands have to really 208 00:09:01,920 --> 00:09:05,480 Speaker 4: work on being relevant and really capturing the youth as well. 209 00:09:05,520 --> 00:09:08,920 Speaker 4: I think this is also a double ended marketing strategy. 210 00:09:08,960 --> 00:09:11,360 Speaker 4: You know, the sooner you get these kids accustomed to 211 00:09:11,360 --> 00:09:13,479 Speaker 4: a certain type of diet and lifestyle. 212 00:09:13,920 --> 00:09:16,800 Speaker 5: I think it's I think it's very strategic what they're doing. 213 00:09:16,840 --> 00:09:18,880 Speaker 5: They're kind of masking it with the business element. 214 00:09:19,240 --> 00:09:21,360 Speaker 4: But you know, I and I think you're going to 215 00:09:21,480 --> 00:09:23,959 Speaker 4: start seeing a lot more of this, so really creative story, 216 00:09:23,960 --> 00:09:28,240 Speaker 4: you know, from a marketing standpoint, as as you know, 217 00:09:28,480 --> 00:09:31,120 Speaker 4: when we're doing our master Mentors platform right now, we're 218 00:09:31,160 --> 00:09:35,200 Speaker 4: relying on the traditional marketing methods right Facebook, Instagram, YouTube, 219 00:09:35,200 --> 00:09:35,600 Speaker 4: et cetera. 220 00:09:35,920 --> 00:09:37,400 Speaker 5: But as AI comes out. 221 00:09:37,480 --> 00:09:42,079 Speaker 4: As auto generated robots start kind of taking over the workforce. 222 00:09:42,200 --> 00:09:44,800 Speaker 4: I think, both from a marketing as well as having 223 00:09:44,880 --> 00:09:47,720 Speaker 4: a labor force, the entire industries are going to start 224 00:09:47,720 --> 00:09:50,079 Speaker 4: shifting and this is just the beginning. So that's kind 225 00:09:50,080 --> 00:09:51,680 Speaker 4: of the story I wanted to highlight there. But I 226 00:09:51,720 --> 00:09:53,400 Speaker 4: am curious. I know we've got some ladies here in 227 00:09:53,440 --> 00:09:55,679 Speaker 4: the studio. They have kids, Jen, would you let your 228 00:09:55,760 --> 00:09:57,800 Speaker 4: kids go to Chick fil A boot camp? 229 00:09:58,640 --> 00:10:03,319 Speaker 5: Ruby? Yes? No, maybe so comes up comes out. Sorry 230 00:10:03,559 --> 00:10:05,720 Speaker 5: I didn't hear about it. You'm busy having cocktails here 231 00:10:05,760 --> 00:10:11,120 Speaker 5: on financial Fridays? Would you say, Jen, I came late, 232 00:10:11,160 --> 00:10:14,559 Speaker 5: so I missed what you were talking about. Okay, well 233 00:10:14,559 --> 00:10:16,360 Speaker 5: there we go. I'll take that. 234 00:10:16,720 --> 00:10:20,320 Speaker 3: Yes, Grooby, Ruby would just because, like you know, it's 235 00:10:20,320 --> 00:10:23,839 Speaker 3: gonna give them something to do. You can never go. 236 00:10:23,880 --> 00:10:27,600 Speaker 4: Wrong with expending your kish story activity. You just don't 237 00:10:27,600 --> 00:10:30,120 Speaker 4: know how they'll be inspired by, you know, someone down 238 00:10:30,360 --> 00:10:32,600 Speaker 4: the work feel that don't have to earn my knee. 239 00:10:32,679 --> 00:10:34,600 Speaker 5: And so I think it's a really good idea. 240 00:10:34,640 --> 00:10:36,160 Speaker 3: You know, I wouldn't be a post to it. I 241 00:10:36,160 --> 00:10:37,160 Speaker 3: would define let my. 242 00:10:37,200 --> 00:10:39,440 Speaker 4: Daughter go, dude, And the thing the way I looked 243 00:10:39,440 --> 00:10:42,320 Speaker 4: at it is what the average babysitter charges about fifteen 244 00:10:42,400 --> 00:10:45,440 Speaker 4: twenty bucks an hour. That's an eighty dollars babysitting session 245 00:10:45,440 --> 00:10:47,120 Speaker 4: that you just got for thirty five dollars. So you 246 00:10:47,120 --> 00:10:48,760 Speaker 4: can go to you know, get your nails done and 247 00:10:48,760 --> 00:10:50,960 Speaker 4: get a little misats next door. But shit, to me, 248 00:10:51,000 --> 00:10:52,760 Speaker 4: it's the best thirty five dollars I could spend if 249 00:10:52,800 --> 00:10:53,360 Speaker 4: I was a parent. 250 00:10:53,440 --> 00:10:54,360 Speaker 5: But what do I know. 251 00:10:54,400 --> 00:10:55,080 Speaker 4: I got a puppy. 252 00:10:56,200 --> 00:10:58,360 Speaker 5: That's right, all right, guys, we're gonna take a little 253 00:10:58,360 --> 00:10:59,520 Speaker 5: break here. When we come back here. 254 00:10:59,400 --> 00:11:02,320 Speaker 4: On financials, we're going to talk about Apple becoming the 255 00:11:02,360 --> 00:11:04,480 Speaker 4: most valuable company in the US once again. 256 00:11:04,520 --> 00:11:06,080 Speaker 5: We'll be right back here on Financial Friday. 257 00:11:06,160 --> 00:11:08,920 Speaker 2: We'll be right back with the Financial Friday five on 258 00:11:09,040 --> 00:11:12,559 Speaker 2: Cannabis Talk one on one's Financial Fridays with the Insider 259 00:11:12,600 --> 00:11:22,679 Speaker 2: Investor Tony K. Welcome back to Cannabis Talk, one on 260 00:11:22,760 --> 00:11:27,320 Speaker 2: one's Financial Fridays with the Insider Investor Tony K. It's 261 00:11:27,360 --> 00:11:29,480 Speaker 2: now time for the Financial Friday five. 262 00:11:29,760 --> 00:11:32,080 Speaker 4: Turn the typical into something special. When it comes to 263 00:11:32,120 --> 00:11:35,079 Speaker 4: infused products, the flavor uta should be just as enjoyable 264 00:11:35,080 --> 00:11:37,400 Speaker 4: as the feeling you're experiencing when you put. 265 00:11:37,240 --> 00:11:37,800 Speaker 5: It in your mouth. 266 00:11:37,920 --> 00:11:41,440 Speaker 4: Visit their website at Loranoils dot com. Once again Loaranoils 267 00:11:41,440 --> 00:11:43,400 Speaker 4: dot com. Great friends of the show. I love it 268 00:11:43,400 --> 00:11:45,839 Speaker 4: when they're in town. They take over our full service 269 00:11:45,920 --> 00:11:46,360 Speaker 4: kitchen here. 270 00:11:46,400 --> 00:11:48,160 Speaker 5: They do some great cooking shows if you want to 271 00:11:48,160 --> 00:11:49,400 Speaker 5: look those up on YouTube. 272 00:11:49,640 --> 00:11:53,280 Speaker 4: But they do amazing products that are that are non infused, 273 00:11:53,280 --> 00:11:56,480 Speaker 4: but they're basically using them an edibles, cookies, baking. 274 00:11:56,200 --> 00:12:00,240 Speaker 5: Et cetera, high quality ingredients. Check them out Loreenoils dot com. 275 00:12:00,400 --> 00:12:02,160 Speaker 5: Now we're back here on Financial Fridays. 276 00:12:02,200 --> 00:12:06,360 Speaker 4: We were just talking about Apple becoming the most valuable 277 00:12:06,440 --> 00:12:09,920 Speaker 4: company in America once again and again. Lots of extrapolate 278 00:12:10,000 --> 00:12:14,000 Speaker 4: here and why it happened, and the kind of the 279 00:12:14,040 --> 00:12:15,520 Speaker 4: controversy around it, if you will. 280 00:12:15,520 --> 00:12:17,840 Speaker 5: And I thought it was hilarious because as. 281 00:12:17,760 --> 00:12:20,240 Speaker 4: Connor pulls this up here for the YouTube audience, we're 282 00:12:20,240 --> 00:12:22,800 Speaker 4: going to show you the article regarding Apple. But I 283 00:12:22,800 --> 00:12:25,000 Speaker 4: thought it was really interesting talking about how a lot 284 00:12:25,000 --> 00:12:27,440 Speaker 4: of these talking heads never know what they're talking about. 285 00:12:27,520 --> 00:12:30,160 Speaker 4: I was listening to I believe it was The Money, 286 00:12:30,360 --> 00:12:33,360 Speaker 4: the Fast Money podcast, which is obviously an NBC show, 287 00:12:33,400 --> 00:12:35,320 Speaker 4: but they have a podcast as well, so I was 288 00:12:35,360 --> 00:12:37,760 Speaker 4: listening to them on the drive home the day before 289 00:12:37,840 --> 00:12:40,520 Speaker 4: the earnings came out, and this announcement came out for 290 00:12:40,600 --> 00:12:43,160 Speaker 4: their shareholder meeting and about all their new upcoming products 291 00:12:43,160 --> 00:12:45,200 Speaker 4: and about how they were hoping that they were going 292 00:12:45,240 --> 00:12:47,360 Speaker 4: to announce something that was going to cause all the 293 00:12:47,360 --> 00:12:50,440 Speaker 4: iPhone holders to basically go and renew and get a 294 00:12:50,440 --> 00:12:52,560 Speaker 4: new phone, which would be a huge surgeon profits. 295 00:12:52,800 --> 00:12:53,760 Speaker 5: If I'm not mistaken. 296 00:12:53,800 --> 00:12:57,320 Speaker 4: Almost thirty close to forty to fifty percent of Apple's 297 00:12:57,360 --> 00:13:01,400 Speaker 4: revenue comes directly from iPhone sales, so it's obviously the 298 00:13:01,400 --> 00:13:05,240 Speaker 4: majority of their focus, and that's what drives their growth, 299 00:13:05,280 --> 00:13:08,280 Speaker 4: which has been somewhat stalele here the past couple of years. 300 00:13:08,480 --> 00:13:11,240 Speaker 4: Now the article is I'm going to talk about I'm 301 00:13:11,280 --> 00:13:13,160 Speaker 4: going to if those of you watching online, I'll read 302 00:13:13,160 --> 00:13:16,000 Speaker 4: it out as well. But basically, Apple edged edged past 303 00:13:16,120 --> 00:13:18,840 Speaker 4: Microsoft on Thursday to become the most valuable public company 304 00:13:18,880 --> 00:13:19,800 Speaker 4: in the United States. 305 00:13:20,200 --> 00:13:21,880 Speaker 5: This was made after. 306 00:13:21,600 --> 00:13:26,480 Speaker 4: Their annual Worldwide Developers Conference, which included generative AI features 307 00:13:26,480 --> 00:13:29,200 Speaker 4: for the iPhone, which sent the stock climbing to an 308 00:13:29,240 --> 00:13:32,319 Speaker 4: all time high. They closed it roughly three point two night, 309 00:13:32,320 --> 00:13:33,880 Speaker 4: and to excuse me, it may have not been the 310 00:13:33,880 --> 00:13:35,600 Speaker 4: all time high but definitely the all time high for 311 00:13:35,640 --> 00:13:38,600 Speaker 4: this year. Apple's market cap closed it roughly three point 312 00:13:38,679 --> 00:13:43,400 Speaker 4: twenty nine trillion dollars on Thursday, that edged out Microsoft 313 00:13:43,679 --> 00:13:45,840 Speaker 4: and of course Navidia for those of you who don't 314 00:13:45,840 --> 00:13:48,760 Speaker 4: know what Navidia is. Navidia is this chip maker that 315 00:13:48,840 --> 00:13:53,000 Speaker 4: was primarily used in gaming on high, high powerful computers. 316 00:13:53,040 --> 00:13:54,960 Speaker 4: Then they had a big resurgence when it came to 317 00:13:55,000 --> 00:13:58,960 Speaker 4: the crypto mining equipment. But obviously they are my understanding, 318 00:13:59,040 --> 00:14:01,120 Speaker 4: I'm not an expert on the topic, but they make 319 00:14:01,200 --> 00:14:04,560 Speaker 4: the chips that all of these companies need as they 320 00:14:04,559 --> 00:14:08,600 Speaker 4: do their chat GPT, open AI, that mustcast et cetera, 321 00:14:08,640 --> 00:14:11,439 Speaker 4: et cetera. So all of these companies are competing and 322 00:14:11,760 --> 00:14:14,840 Speaker 4: they can't print these chips fast enough, and so Navidia 323 00:14:14,960 --> 00:14:19,280 Speaker 4: kind of obscurely has had just tremendous explosive growth. Again 324 00:14:19,920 --> 00:14:22,920 Speaker 4: another reason why I don't really trade stocks anymore, because 325 00:14:23,040 --> 00:14:24,760 Speaker 4: who would have thought that, you know, four or five 326 00:14:24,840 --> 00:14:28,600 Speaker 4: years ago. But talking about these prognosticators, these guys that 327 00:14:28,720 --> 00:14:31,200 Speaker 4: give predictions about what's going to happen, what's not so 328 00:14:31,400 --> 00:14:33,960 Speaker 4: fast money is a kind of like a Cramer show 329 00:14:34,120 --> 00:14:37,600 Speaker 4: on NBC, which is just talking about Money twenty four 330 00:14:37,600 --> 00:14:40,280 Speaker 4: to seven, and on their podcast they had some huge, 331 00:14:40,320 --> 00:14:43,440 Speaker 4: high powered analysts, some high powered guests, hosts, and all 332 00:14:43,480 --> 00:14:45,400 Speaker 4: of them, the majority of them, were saying that this 333 00:14:45,480 --> 00:14:47,280 Speaker 4: is going to be a nothing burger for Apple and 334 00:14:47,320 --> 00:14:50,080 Speaker 4: that this announcement was going to be a dud and 335 00:14:50,120 --> 00:14:50,480 Speaker 4: that the. 336 00:14:50,400 --> 00:14:51,880 Speaker 5: Market would react adversely. 337 00:14:52,360 --> 00:14:54,760 Speaker 4: And basically, what Apple has done now, and this is 338 00:14:54,800 --> 00:14:57,080 Speaker 4: really interesting, is what they've done in this announcement is 339 00:14:57,080 --> 00:14:59,920 Speaker 4: they've said, look, right now, the majority of the public, 340 00:15:00,360 --> 00:15:03,680 Speaker 4: about eighty percent of the public has still not utilized chat, 341 00:15:03,720 --> 00:15:06,640 Speaker 4: GPT or open ai to create anything or to utilize 342 00:15:06,680 --> 00:15:09,120 Speaker 4: it in their business. Here in the studio, obviously we've 343 00:15:09,120 --> 00:15:11,400 Speaker 4: started to use it a lot in our communications and 344 00:15:11,440 --> 00:15:14,560 Speaker 4: in some of our marketing materials. But it is definitely 345 00:15:14,560 --> 00:15:16,320 Speaker 4: going to be a game changer, no one, No one 346 00:15:16,360 --> 00:15:17,960 Speaker 4: really knows what it's going to look like here in 347 00:15:18,000 --> 00:15:20,760 Speaker 4: the next year or two. Mike, My understanding is, you know, 348 00:15:20,880 --> 00:15:23,160 Speaker 4: chat GPT four I think or five that we're on 349 00:15:23,280 --> 00:15:26,400 Speaker 4: right now is like one thousand percent more powerful than 350 00:15:26,440 --> 00:15:29,200 Speaker 4: the first iteration. And what they're talking about is version 351 00:15:29,280 --> 00:15:31,440 Speaker 4: seven eight nine is going to be like ten thousand 352 00:15:31,520 --> 00:15:34,160 Speaker 4: percent more powerful and at some point, it's literally going 353 00:15:34,240 --> 00:15:38,320 Speaker 4: to be smarter than the smartest human brain ever. Connor, 354 00:15:38,360 --> 00:15:40,000 Speaker 4: I don't know what your thoughts about that, but I 355 00:15:40,040 --> 00:15:42,200 Speaker 4: find I find that rather compelling. 356 00:15:42,520 --> 00:15:44,600 Speaker 3: Yeah, so I'm gonna break down for the audience a 357 00:15:44,640 --> 00:15:48,720 Speaker 3: little bit as to like what the difference is between. So, 358 00:15:48,960 --> 00:15:52,040 Speaker 3: the free version of chat GPT is three point five 359 00:15:52,080 --> 00:15:54,800 Speaker 3: and the paid version right now is chat GPT four, 360 00:15:55,480 --> 00:15:59,240 Speaker 3: and the difference between it is that chat GIPT three 361 00:15:59,280 --> 00:16:03,200 Speaker 3: point five is essentially a screenshot from the Internet at 362 00:16:03,200 --> 00:16:08,040 Speaker 3: one time, and any anything, any information within that screenshot 363 00:16:08,080 --> 00:16:11,800 Speaker 3: of the Internet is fair game for the uh the 364 00:16:11,840 --> 00:16:15,360 Speaker 3: platform to use. However, when you pay, it's now like 365 00:16:15,760 --> 00:16:19,240 Speaker 3: live access to the current Internet, and it's going to 366 00:16:19,280 --> 00:16:22,360 Speaker 3: pull you a lot more recent information, and you know, 367 00:16:22,400 --> 00:16:25,200 Speaker 3: it's it's a bit more dynamic in terms of creating things. 368 00:16:25,400 --> 00:16:28,560 Speaker 3: And there's a few other talking points I could get 369 00:16:28,560 --> 00:16:31,840 Speaker 3: into with it. However, you know, if that's the difference 370 00:16:31,880 --> 00:16:35,240 Speaker 3: between the unpaid and the paid right now, your point 371 00:16:35,360 --> 00:16:37,400 Speaker 3: is you know, very valid in that what's what it's 372 00:16:37,400 --> 00:16:40,280 Speaker 3: going to look like, and you know, three four or 373 00:16:40,320 --> 00:16:43,440 Speaker 3: five years will be pretty interesting. And obviously now we 374 00:16:43,520 --> 00:16:47,280 Speaker 3: have Apple looking to integrate this into their system. So 375 00:16:48,480 --> 00:16:51,920 Speaker 3: what one can only imagine what the mega corporations are 376 00:16:51,960 --> 00:16:53,240 Speaker 3: going to be scheming with it. 377 00:16:53,480 --> 00:16:55,760 Speaker 4: Well, it's funny you mentioned the other corporations. It's going 378 00:16:55,800 --> 00:16:58,240 Speaker 4: to lead us to our third story. But essentially Apple 379 00:16:58,280 --> 00:17:01,160 Speaker 4: on Monday when they announced their partnership with chat GPT, 380 00:17:01,560 --> 00:17:04,520 Speaker 4: the creator of chat GPT is called open Ai, and 381 00:17:04,560 --> 00:17:06,480 Speaker 4: that's going to be used to power some of the 382 00:17:06,560 --> 00:17:09,560 Speaker 4: phone's features. This partnership will likely give the company a 383 00:17:09,640 --> 00:17:12,600 Speaker 4: much needed boost. With Apple aligning itself with the company 384 00:17:12,600 --> 00:17:15,200 Speaker 4: and a technology that is yet to win public trust. 385 00:17:15,600 --> 00:17:18,760 Speaker 4: It's raised a lot of criticism, mainly because especially it 386 00:17:18,800 --> 00:17:22,200 Speaker 4: takes users inputs and it's incorporating them into the data set. 387 00:17:22,560 --> 00:17:25,480 Speaker 4: These may cost some privacy issues and challenges down the 388 00:17:25,520 --> 00:17:28,840 Speaker 4: road for the company, as it's long prioritized user safety 389 00:17:29,080 --> 00:17:31,920 Speaker 4: and anonymitye Still, a big push into AI could spur 390 00:17:32,040 --> 00:17:34,360 Speaker 4: growth for iPhone sales and services for years to come. 391 00:17:34,440 --> 00:17:35,960 Speaker 5: Now a lot to take away from that. 392 00:17:36,280 --> 00:17:38,439 Speaker 4: Obviously we have open Ai, So open ai is the 393 00:17:38,440 --> 00:17:41,840 Speaker 4: creator of chat REPT. There was I believe Elon was 394 00:17:41,880 --> 00:17:43,679 Speaker 4: an early investor in that, but then they had some 395 00:17:43,760 --> 00:17:45,880 Speaker 4: falling out with the other co founders and he's kind 396 00:17:45,920 --> 00:17:48,320 Speaker 4: of now of course doing his own model, right, so 397 00:17:48,400 --> 00:17:52,440 Speaker 4: he's anti CHATJPT mainly for privacy concerns. And then you 398 00:17:52,520 --> 00:17:56,040 Speaker 4: have if I'm not mistaken, Google has their own version 399 00:17:56,080 --> 00:17:59,720 Speaker 4: now for the ship phones that Lacy uses that we 400 00:17:59,720 --> 00:18:02,159 Speaker 4: don't talk about, but those other types of phones that 401 00:18:02,200 --> 00:18:05,800 Speaker 4: are not iPhones, they have also something come out, if 402 00:18:05,800 --> 00:18:07,879 Speaker 4: I'm not mistaken, it's called like Genesis or it starts 403 00:18:07,920 --> 00:18:10,239 Speaker 4: with the G. But so all these different companies are 404 00:18:10,240 --> 00:18:13,200 Speaker 4: competing to kind of have their own I'm sure even 405 00:18:13,240 --> 00:18:15,920 Speaker 4: Tesla is going to have some form of that incorporated. 406 00:18:15,960 --> 00:18:20,000 Speaker 3: It also also Adobe out of Adobe saw that Yeah, 407 00:18:20,359 --> 00:18:23,600 Speaker 3: it's crazy. I'll let you get into it. It's just 408 00:18:23,760 --> 00:18:27,120 Speaker 3: absolutely nuts from a content creator's perspective as well. 409 00:18:26,960 --> 00:18:29,680 Speaker 4: So the crazy part of this story with tying back 410 00:18:29,680 --> 00:18:33,280 Speaker 4: into Musk is that now Elon announced that because of 411 00:18:33,320 --> 00:18:35,360 Speaker 4: this new partnership and how this is going to work, 412 00:18:35,680 --> 00:18:39,840 Speaker 4: your older iPhones won't have the capability to be engaged 413 00:18:39,880 --> 00:18:44,439 Speaker 4: with this. But I believe Apple fifteen pros and above 414 00:18:44,480 --> 00:18:46,520 Speaker 4: and going forward, every one of them will already have 415 00:18:46,560 --> 00:18:49,600 Speaker 4: it embedded into it. It'll have chat chat mojis that 416 00:18:49,640 --> 00:18:51,800 Speaker 4: they've come out with, and a bunch of little gimmicky things, 417 00:18:52,160 --> 00:18:54,720 Speaker 4: and for anybody that already uses chat GPT, you just 418 00:18:54,760 --> 00:18:57,400 Speaker 4: got to open the app and it's literally the same functionality. 419 00:18:57,600 --> 00:18:59,919 Speaker 4: There's some talk about now you'll be able to pre 420 00:19:00,119 --> 00:19:02,960 Speaker 4: populate fields with it, you'll be able to open apps 421 00:19:03,040 --> 00:19:04,960 Speaker 4: et cetera with it, and just kind of talk through 422 00:19:05,000 --> 00:19:07,760 Speaker 4: your apps, et cetera. So again, it's probably more gimmicky, 423 00:19:07,800 --> 00:19:10,000 Speaker 4: more of an announcement. So a lot of these analysts 424 00:19:10,040 --> 00:19:11,840 Speaker 4: just came out and just took a big fat poop 425 00:19:11,960 --> 00:19:14,840 Speaker 4: on the on the news, and we're predicting that it's 426 00:19:14,880 --> 00:19:17,320 Speaker 4: not enough. They were expecting, you know, a better camera, 427 00:19:17,440 --> 00:19:20,240 Speaker 4: more battery life, et cetera, et cetera. But the majority 428 00:19:20,280 --> 00:19:23,120 Speaker 4: of the highlights that will differentiate the newer phones would 429 00:19:23,160 --> 00:19:25,560 Speaker 4: just be his feature. So the word on the street 430 00:19:25,600 --> 00:19:28,479 Speaker 4: and all these smart brainiacts were saying that it's not 431 00:19:28,480 --> 00:19:31,040 Speaker 4: going to work, and come to find out, not only 432 00:19:31,040 --> 00:19:33,879 Speaker 4: did it work, but it propelled them into becoming the 433 00:19:33,880 --> 00:19:36,560 Speaker 4: most valuable company. And I think there's a couple of 434 00:19:36,560 --> 00:19:38,600 Speaker 4: takeaways there. You know, I think I probably would have 435 00:19:38,640 --> 00:19:40,800 Speaker 4: agreed on that. I don't know if I knew enough 436 00:19:40,800 --> 00:19:42,760 Speaker 4: about the concept to predict one way or the other 437 00:19:42,760 --> 00:19:45,440 Speaker 4: what the stock move would be. But it is interesting 438 00:19:45,480 --> 00:19:48,800 Speaker 4: because obviously the public is responding to that news, and 439 00:19:48,840 --> 00:19:50,680 Speaker 4: I think the majority of the people who haven't used 440 00:19:50,720 --> 00:19:53,679 Speaker 4: chat gpt do want an easier way to utilize it 441 00:19:53,840 --> 00:19:57,520 Speaker 4: right now. The privacy concerns that the article is talking 442 00:19:57,560 --> 00:20:01,679 Speaker 4: about is with chat GPTs infrastructs being cloud based. Your 443 00:20:01,840 --> 00:20:05,680 Speaker 4: your questions and your content that you're asking for it 444 00:20:05,800 --> 00:20:08,560 Speaker 4: to extrapolate and to make better is up in the clouds. 445 00:20:08,840 --> 00:20:11,200 Speaker 4: So there is a concern as we all know, when 446 00:20:11,200 --> 00:20:14,360 Speaker 4: you're talking about something, you know your Instagram will pop 447 00:20:14,480 --> 00:20:16,280 Speaker 4: up and give you an advertisement. There's a lot of 448 00:20:16,680 --> 00:20:19,879 Speaker 4: privacy concerns about them listening in on what you're doing 449 00:20:20,480 --> 00:20:23,280 Speaker 4: and or now having full access. You basically have a 450 00:20:23,440 --> 00:20:26,800 Speaker 4: very intelligent, sophisticated software that's going to have access to 451 00:20:26,840 --> 00:20:29,880 Speaker 4: all your contacts, your databases, et cetera. So what must 452 00:20:29,960 --> 00:20:31,800 Speaker 4: came out and said is that if you have an 453 00:20:31,840 --> 00:20:35,040 Speaker 4: iPhone going forward and you walk into any of his companies, 454 00:20:35,080 --> 00:20:37,600 Speaker 4: whether you're an employee, whether you're a guest, whether you're 455 00:20:38,960 --> 00:20:41,200 Speaker 4: just walking through the facility, you're going to have to 456 00:20:41,280 --> 00:20:43,280 Speaker 4: check in your phones at the front desk. He will 457 00:20:43,280 --> 00:20:46,240 Speaker 4: not allow any iPhones into his buildings because of this 458 00:20:46,320 --> 00:20:47,240 Speaker 4: privacy concern. 459 00:20:47,359 --> 00:20:48,720 Speaker 5: Now, no, no one must. 460 00:20:48,760 --> 00:20:50,679 Speaker 4: I don't know how much truth is in that, but 461 00:20:50,760 --> 00:20:53,399 Speaker 4: it's a phenomenal you know, marketing gimmicks and kind of 462 00:20:53,520 --> 00:20:57,320 Speaker 4: draw attention to the fact that the open ai platform 463 00:20:57,359 --> 00:20:59,960 Speaker 4: could become possibly unstable, you know what I mean? 464 00:21:00,200 --> 00:21:01,240 Speaker 5: Yeah, definitely. 465 00:21:01,400 --> 00:21:06,480 Speaker 3: I mean, ultimately, you know, they're all one to take 466 00:21:06,480 --> 00:21:09,240 Speaker 3: our data anyway. It seems like that's the common denominator 467 00:21:09,280 --> 00:21:11,840 Speaker 3: here and that it's just another way for them to integrate. 468 00:21:11,480 --> 00:21:13,080 Speaker 5: It into their system. 469 00:21:13,160 --> 00:21:16,120 Speaker 3: I mean, ultimately, data is the new currency for all 470 00:21:16,119 --> 00:21:17,440 Speaker 3: these companies, and. 471 00:21:17,920 --> 00:21:20,520 Speaker 4: Data, data is the biggest currency, right And I think 472 00:21:20,600 --> 00:21:22,879 Speaker 4: you know, my standpoint on all that is at this 473 00:21:23,119 --> 00:21:25,760 Speaker 4: point with if you own a phone, if you're even 474 00:21:25,800 --> 00:21:28,560 Speaker 4: plugged into the internet, have ever tapped into a social 475 00:21:28,560 --> 00:21:31,040 Speaker 4: media thing or even bought anything online? I think ninety 476 00:21:31,119 --> 00:21:33,360 Speaker 4: ninety percent of or information is out there anyway if 477 00:21:33,359 --> 00:21:35,320 Speaker 4: anybody wants to get screw with you, and so they're 478 00:21:35,320 --> 00:21:37,120 Speaker 4: going to do it. So I'm not as concerned about 479 00:21:37,119 --> 00:21:40,359 Speaker 4: the privc just like I wasn't with the TikTok chiny stuff. 480 00:21:40,400 --> 00:21:42,399 Speaker 4: I think a lot of this is big tech and 481 00:21:42,440 --> 00:21:44,680 Speaker 4: people kind of playing the Eagles against each other because 482 00:21:44,680 --> 00:21:45,960 Speaker 4: it's you know, they're playing. 483 00:21:45,680 --> 00:21:47,679 Speaker 5: In the trillion dollar business and I do believe that 484 00:21:47,680 --> 00:21:48,320 Speaker 5: that industry is. 485 00:21:48,320 --> 00:21:48,959 Speaker 3: Going to take up. 486 00:21:49,040 --> 00:21:51,680 Speaker 4: But before we go to breakdown, I'm I'm gonna highlight 487 00:21:51,680 --> 00:21:52,640 Speaker 4: where we're going to next. 488 00:21:52,640 --> 00:21:52,960 Speaker 5: Guys. 489 00:21:53,200 --> 00:21:57,000 Speaker 4: Sixty five billion dollars that Elon Musk lost. 490 00:21:56,800 --> 00:21:58,080 Speaker 5: Got taken away from them by. 491 00:21:58,000 --> 00:22:01,000 Speaker 4: The courts, were just reinstated by shareholders. We're going to 492 00:22:01,040 --> 00:22:03,080 Speaker 4: talk about that when we come back here on Financial Friday. 493 00:22:03,440 --> 00:22:05,919 Speaker 2: We'll be right back with more Financial Fridays with the 494 00:22:05,920 --> 00:22:09,720 Speaker 2: Inside Investor Tony Ka. Make sure you follow Tony at 495 00:22:09,760 --> 00:22:21,119 Speaker 2: the Insider Investor. Welcome back to Cannabis Talk, one on 496 00:22:21,200 --> 00:22:25,520 Speaker 2: one's Financial Fridays with the Inside Investor Tony k. Make 497 00:22:25,560 --> 00:22:27,840 Speaker 2: sure you like, follow and subscribe to the show. 498 00:22:27,880 --> 00:22:28,120 Speaker 5: Now. 499 00:22:28,600 --> 00:22:30,760 Speaker 4: Master Mentors Live is coming to a. 500 00:22:30,680 --> 00:22:31,600 Speaker 5: City near you. 501 00:22:31,640 --> 00:22:33,720 Speaker 4: Guys, you've heard me talk about it on a lot 502 00:22:33,760 --> 00:22:36,440 Speaker 4: of the different shows. We're super excited about this platform. 503 00:22:36,680 --> 00:22:38,920 Speaker 4: We're coming to a city near you. Check out the website. 504 00:22:38,960 --> 00:22:41,280 Speaker 4: We're in at least six different cities this coming week, 505 00:22:41,560 --> 00:22:43,520 Speaker 4: and we're gonna continue and come close to your city. 506 00:22:43,520 --> 00:22:45,199 Speaker 4: We're gonna be in the over twenty two cities this 507 00:22:45,280 --> 00:22:48,600 Speaker 4: year alone. Check it out mastermintors live dot com. It's 508 00:22:48,640 --> 00:22:50,959 Speaker 4: a free, ninety minute workshop that's going to get you 509 00:22:51,000 --> 00:22:52,560 Speaker 4: all that you need and all the inplode that you 510 00:22:52,560 --> 00:22:55,160 Speaker 4: need to cash in on the modern day green rush, 511 00:22:55,200 --> 00:22:57,399 Speaker 4: as we call it. Right, everybody wants to learn how 512 00:22:57,400 --> 00:22:58,359 Speaker 4: to get into cannabist thing. 513 00:22:58,440 --> 00:22:59,880 Speaker 5: You don't have to be to touch the plant. 514 00:23:00,000 --> 00:23:02,600 Speaker 4: There's thousands of ancillary businesses, whether you want to work 515 00:23:02,640 --> 00:23:07,080 Speaker 4: on the HVAC development, marketing, free white labeling, or doing 516 00:23:07,119 --> 00:23:10,160 Speaker 4: what we're doing. You're podcasting about cannabis, having a magazine 517 00:23:10,160 --> 00:23:13,160 Speaker 4: and having a media company. Again, literally thousands of ways 518 00:23:13,200 --> 00:23:15,399 Speaker 4: that you can cash in on the modern day green rush. 519 00:23:15,640 --> 00:23:17,919 Speaker 5: Master mentors Live is coming to this city near to you. 520 00:23:18,040 --> 00:23:19,880 Speaker 5: Now we're back here on Financial Fridays. 521 00:23:19,920 --> 00:23:21,679 Speaker 4: We are now going to talk about one of the 522 00:23:21,720 --> 00:23:25,080 Speaker 4: biggest paydays that any single human being has ever seen, 523 00:23:25,119 --> 00:23:26,600 Speaker 4: which is sixty five. 524 00:23:26,800 --> 00:23:30,080 Speaker 5: Billion dollars one billion dollars. 525 00:23:30,240 --> 00:23:32,560 Speaker 4: I you know, I think that number gets thrown around 526 00:23:32,560 --> 00:23:34,680 Speaker 4: a lot connor, but I don't think most people. 527 00:23:34,400 --> 00:23:37,359 Speaker 5: Can grasp how much even one billion is. 528 00:23:37,440 --> 00:23:39,640 Speaker 4: Right, You got a million and then you have nine 529 00:23:39,680 --> 00:23:42,800 Speaker 4: hundred and ninety nine million, right, then you got a 530 00:23:42,960 --> 00:23:44,560 Speaker 4: thousand millions to get to a billion. 531 00:23:44,640 --> 00:23:47,240 Speaker 5: I mean that's a lot of freaking zeros. That's a 532 00:23:47,280 --> 00:23:48,320 Speaker 5: big difference with a lot of. 533 00:23:48,280 --> 00:23:50,639 Speaker 4: Lock dances, it's a lot of shoes, it's whatever you 534 00:23:50,640 --> 00:23:53,480 Speaker 4: want to correlate it to. It's a lot of it, right, Yes, 535 00:23:53,480 --> 00:23:55,879 Speaker 4: And this dude is already worth you guys, over two 536 00:23:56,000 --> 00:23:57,159 Speaker 4: hundred billion dollars. 537 00:23:57,200 --> 00:23:59,400 Speaker 5: He is the richest man in the world. Right. 538 00:24:00,000 --> 00:24:02,400 Speaker 4: Obviously, we've talked about the five or six different companies 539 00:24:02,400 --> 00:24:05,800 Speaker 4: from space to underground to tell communications, to go to Mars, 540 00:24:06,119 --> 00:24:08,320 Speaker 4: to building a brand new car and creating a whole 541 00:24:08,320 --> 00:24:10,400 Speaker 4: new sector. I mean, the list goes to the now 542 00:24:10,720 --> 00:24:12,280 Speaker 4: freaking brain transplants and show. 543 00:24:12,280 --> 00:24:14,000 Speaker 5: I mean, the guy is literally all over the place. 544 00:24:14,240 --> 00:24:17,400 Speaker 4: I firmly believe he has some kind of alien genetics. 545 00:24:17,480 --> 00:24:20,160 Speaker 4: Kind of halfway joking, not even full joking on that one. 546 00:24:20,200 --> 00:24:22,400 Speaker 4: But that's another rabbit hole will go down another time. 547 00:24:22,440 --> 00:24:24,800 Speaker 4: But so if you guys heard this on a show 548 00:24:24,800 --> 00:24:26,320 Speaker 4: about a month or two back when I was kind 549 00:24:26,359 --> 00:24:28,919 Speaker 4: of popping the story, so essentially what happened was this 550 00:24:29,000 --> 00:24:32,120 Speaker 4: dude back in twenty nineteen, right, he said, I only 551 00:24:32,119 --> 00:24:34,960 Speaker 4: want to get paid one dollar his entire CEO salary 552 00:24:35,000 --> 00:24:37,320 Speaker 4: where he's sleeping under the desk because they're about to 553 00:24:37,359 --> 00:24:40,119 Speaker 4: go bankrupt and he's trying to ramp up production on 554 00:24:40,200 --> 00:24:42,280 Speaker 4: these cars over in Fremont, California. 555 00:24:42,359 --> 00:24:43,840 Speaker 5: And the dude said, I only want to get paid 556 00:24:43,880 --> 00:24:44,920 Speaker 5: one dollar a year. Guys. 557 00:24:45,200 --> 00:24:47,320 Speaker 4: Now that's not because he was working for charity, but 558 00:24:47,359 --> 00:24:49,959 Speaker 4: he was getting paid in what's called stock options. And 559 00:24:50,000 --> 00:24:53,240 Speaker 4: these stock options basically had a ton of different hurdles. 560 00:24:53,320 --> 00:24:56,520 Speaker 4: And if he basically produced x amount of cars, or 561 00:24:56,520 --> 00:24:59,639 Speaker 4: if he hit so much market capitalization in the ev market, 562 00:24:59,720 --> 00:25:02,600 Speaker 4: or if he if the stock hit a certain number, 563 00:25:02,920 --> 00:25:06,359 Speaker 4: then those stock options would vest. If he didn't perform, 564 00:25:06,520 --> 00:25:08,800 Speaker 4: then he would basically work all that time for free 565 00:25:08,800 --> 00:25:11,720 Speaker 4: and he'd make one dollar. Right. So everybody at the 566 00:25:11,760 --> 00:25:13,920 Speaker 4: time said, there's no way this company is going to 567 00:25:13,960 --> 00:25:16,560 Speaker 4: be worth more than xyz a share. There's no way 568 00:25:16,600 --> 00:25:18,359 Speaker 4: you're going to be able to produce this many cars 569 00:25:18,400 --> 00:25:20,719 Speaker 4: so fast. There's no way that so many people are 570 00:25:20,720 --> 00:25:23,640 Speaker 4: going to want to drive ed cars at least your teslas. Right, 571 00:25:24,080 --> 00:25:26,080 Speaker 4: And the dude not only hit his numbers, but he 572 00:25:26,119 --> 00:25:29,399 Speaker 4: had nine different tranches. So over the past since twenty nineteen, 573 00:25:29,440 --> 00:25:31,760 Speaker 4: so you're talking about almost six years, seven years. For 574 00:25:31,880 --> 00:25:34,840 Speaker 4: seven years, the dude crushes a year after year after year. 575 00:25:35,200 --> 00:25:38,199 Speaker 4: So these stock options became vested, and now he was 576 00:25:38,240 --> 00:25:40,240 Speaker 4: able to catch. And he doesn't cash out, but now 577 00:25:40,280 --> 00:25:43,760 Speaker 4: he's able to essentially because he hit those hurdles. He's 578 00:25:43,800 --> 00:25:47,560 Speaker 4: rewarded his pay agreement that he had and he made 579 00:25:47,600 --> 00:25:51,080 Speaker 4: this agreement six years ago. So last year, when it's 580 00:25:51,119 --> 00:25:53,840 Speaker 4: time that the sixty five billion comes due, that he's owed. 581 00:25:53,840 --> 00:25:56,680 Speaker 4: And again it's not cash, it's not hurting the shareholders. 582 00:25:56,840 --> 00:25:59,199 Speaker 4: It's just stock options that are not going to become vested. 583 00:25:59,480 --> 00:26:01,520 Speaker 4: And what happened is this judge and I think it 584 00:26:01,640 --> 00:26:04,159 Speaker 4: was some crazy ass judge in Delaware, de siys like, 585 00:26:04,160 --> 00:26:05,080 Speaker 4: you know what, dude, that's. 586 00:26:04,920 --> 00:26:06,560 Speaker 5: Just too much money for one person to make. 587 00:26:07,080 --> 00:26:08,840 Speaker 4: We don't think that was fair, and we don't think 588 00:26:08,920 --> 00:26:11,680 Speaker 4: that the shareholders really wanted this. And even though you 589 00:26:11,800 --> 00:26:13,399 Speaker 4: hit all these numbers, and by the way, by him 590 00:26:13,440 --> 00:26:16,280 Speaker 4: hitting those numbers, all the people that owned the stock 591 00:26:16,359 --> 00:26:18,959 Speaker 4: back then have made a killing and become extremely wealthy 592 00:26:19,359 --> 00:26:22,800 Speaker 4: because their stock went up. So those same shareholders that 593 00:26:22,920 --> 00:26:26,280 Speaker 4: voted for this package, the sixty five billion dollar pay package, 594 00:26:26,800 --> 00:26:29,080 Speaker 4: all of them got their appreciation, all of them. The 595 00:26:29,080 --> 00:26:32,040 Speaker 4: stock went higher because he said he did what he 596 00:26:32,040 --> 00:26:32,840 Speaker 4: said he was going to do. 597 00:26:33,200 --> 00:26:33,400 Speaker 5: Right. 598 00:26:33,760 --> 00:26:36,400 Speaker 4: So now, because of this controversy, this judge came out 599 00:26:36,640 --> 00:26:39,520 Speaker 4: and literally overnight just decided, Hey, that's just not fair. 600 00:26:39,600 --> 00:26:41,520 Speaker 4: So I just think that I'm going to cancel this 601 00:26:41,560 --> 00:26:44,679 Speaker 4: sixty five bill right now. First of all, this is 602 00:26:44,840 --> 00:26:47,240 Speaker 4: very dangerous ground we're walking on. Guys, it doesn't matter 603 00:26:47,280 --> 00:26:49,439 Speaker 4: if you think it's fair or not for somebody to 604 00:26:49,480 --> 00:26:52,320 Speaker 4: make sixty five bill. I mean, it's just obscene to 605 00:26:52,400 --> 00:26:55,000 Speaker 4: even think about that. But even if you don't think 606 00:26:55,000 --> 00:26:56,960 Speaker 4: it's fair, even if you don't like the guy, it's 607 00:26:57,000 --> 00:27:00,600 Speaker 4: setting a dangerous precedence where the courts and the government 608 00:27:00,920 --> 00:27:04,359 Speaker 4: can now decide how much is fair for one person 609 00:27:04,400 --> 00:27:06,520 Speaker 4: to make. And I would argue that there was no 610 00:27:06,600 --> 00:27:09,560 Speaker 4: other gentleman on the planet or female that could have 611 00:27:09,600 --> 00:27:12,360 Speaker 4: done what he did, just because of how crazy neurotic 612 00:27:12,400 --> 00:27:15,560 Speaker 4: his brain is about getting things done and doing the impossible. 613 00:27:15,920 --> 00:27:18,919 Speaker 4: So I think from a shareholder standpoint, I would want 614 00:27:19,000 --> 00:27:21,000 Speaker 4: him as my CEO, And I really don't give a 615 00:27:21,000 --> 00:27:23,280 Speaker 4: shit how much money he makes, because if he's making it, 616 00:27:23,320 --> 00:27:24,120 Speaker 4: and I'm making it. 617 00:27:24,240 --> 00:27:27,480 Speaker 5: We're all winning together. He's winning a lot more right now. 618 00:27:28,560 --> 00:27:31,399 Speaker 4: The funny part of this not funny part is after 619 00:27:31,600 --> 00:27:34,680 Speaker 4: this happens, he basically says, well, listen, if this is. 620 00:27:34,640 --> 00:27:36,840 Speaker 5: The case, I don't need to work here anymore. 621 00:27:36,840 --> 00:27:40,040 Speaker 4: I'd rather focus on my Mars company, or my SpaceX company, 622 00:27:40,080 --> 00:27:43,280 Speaker 4: or the satellite company, or the boring company. He has 623 00:27:43,440 --> 00:27:45,879 Speaker 4: five other companies he can give his attention to, and 624 00:27:45,960 --> 00:27:47,399 Speaker 4: he said, if you guys don't want to pay me 625 00:27:47,440 --> 00:27:50,720 Speaker 4: my worth, no problem. I'm fully okay to just kind 626 00:27:50,720 --> 00:27:53,080 Speaker 4: of walk away from my baby here, right. So he 627 00:27:53,119 --> 00:27:55,639 Speaker 4: put it to a shareholder vote. Now, shareholder vote is 628 00:27:55,720 --> 00:27:57,960 Speaker 4: just exactly what that sounds like. Every person, whether he 629 00:27:58,040 --> 00:28:00,879 Speaker 4: own one stock, thousand, or two billion dollars worth of 630 00:28:00,880 --> 00:28:03,639 Speaker 4: the stock, like some of these hedge funds and mutual 631 00:28:03,640 --> 00:28:05,800 Speaker 4: funds owned billions of dollars of the stock. So everybody 632 00:28:05,840 --> 00:28:08,159 Speaker 4: gets a vote, and your vote is pro rata. So 633 00:28:08,200 --> 00:28:10,440 Speaker 4: if you own just a couple thousand shares, your vote 634 00:28:10,440 --> 00:28:13,280 Speaker 4: really didn't really matter, but it did matter collectively when 635 00:28:13,320 --> 00:28:16,560 Speaker 4: everybody's voting. And they spent a lot of money marketing 636 00:28:16,600 --> 00:28:19,280 Speaker 4: to these shareholders. And if you've ever owned a stock 637 00:28:19,359 --> 00:28:21,600 Speaker 4: or mutual fund. They called these little proxy statements that 638 00:28:21,640 --> 00:28:23,359 Speaker 4: you get in the mail, and that's all it is. 639 00:28:23,400 --> 00:28:24,400 Speaker 5: It's asking you to vote. 640 00:28:24,400 --> 00:28:26,320 Speaker 4: Sometimes you're voting for a board of directors, but then 641 00:28:26,359 --> 00:28:29,720 Speaker 4: you're voting on significant items like this as well. Right, 642 00:28:30,040 --> 00:28:32,119 Speaker 4: So what happened is they put out a huge push 643 00:28:32,119 --> 00:28:37,000 Speaker 4: to the shareholders to revote and reratify the same agreement 644 00:28:37,080 --> 00:28:39,560 Speaker 4: these guys had made six years ago. Now, if you 645 00:28:39,680 --> 00:28:43,840 Speaker 4: bought the stock in the past year, you were affected negatively. 646 00:28:43,880 --> 00:28:44,920 Speaker 5: What do I mean by that? 647 00:28:45,040 --> 00:28:47,440 Speaker 4: Because of this news and because of the uncertainty of 648 00:28:47,520 --> 00:28:50,840 Speaker 4: Mar and Mars, because of the uncertainty of must be 649 00:28:51,080 --> 00:28:53,840 Speaker 4: staying involved with Tesla, along with the fact that the 650 00:28:53,960 --> 00:28:57,160 Speaker 4: overall ev market has really cooled, The stock has taking 651 00:28:57,200 --> 00:28:59,120 Speaker 4: a tumble. I think it's down about twenty to thirty 652 00:28:59,120 --> 00:29:01,280 Speaker 4: percent from its all time I'm high. So if you 653 00:29:01,600 --> 00:29:03,680 Speaker 4: have only bought the stock, say in the past year 654 00:29:03,680 --> 00:29:05,480 Speaker 4: a year and a half, you were probably kind of 655 00:29:05,560 --> 00:29:07,680 Speaker 4: rooting for that pay. 656 00:29:07,880 --> 00:29:09,920 Speaker 5: Package to not be reratified. Right. 657 00:29:10,040 --> 00:29:13,640 Speaker 4: However, if you're a believer of him and thinking that, hey, 658 00:29:13,680 --> 00:29:15,800 Speaker 4: he's the only guy that can get the stock to 659 00:29:16,280 --> 00:29:18,959 Speaker 4: new highs, all time highs, you really shouldn't care how 660 00:29:19,000 --> 00:29:21,520 Speaker 4: much money the guys agreed to be paid. And this 661 00:29:21,560 --> 00:29:23,760 Speaker 4: is something that was agreed upon six years ago, said 662 00:29:23,760 --> 00:29:27,160 Speaker 4: they put it to the shareholders. Guess what happened, corror. 663 00:29:28,000 --> 00:29:29,400 Speaker 4: Do you think a passed or not pastor do you 664 00:29:29,440 --> 00:29:33,840 Speaker 4: already know? Well, I know it passed, you know it passed. Yeah, guys, 665 00:29:33,880 --> 00:29:35,480 Speaker 4: I mean I actually thought it was going to go 666 00:29:35,520 --> 00:29:37,680 Speaker 4: the other way. People are funny when it comes to money. 667 00:29:37,920 --> 00:29:39,760 Speaker 4: I thought a lot of people would just look at 668 00:29:39,760 --> 00:29:42,120 Speaker 4: it on face value and say, no, we don't want 669 00:29:42,160 --> 00:29:43,840 Speaker 4: want the richest guy in the world to get richer. 670 00:29:44,160 --> 00:29:47,920 Speaker 4: But essentially all the shareholders they voted it passed and 671 00:29:48,040 --> 00:29:51,040 Speaker 4: now that sixty five billion has now been reratified. So 672 00:29:51,120 --> 00:29:53,160 Speaker 4: the same people that the court is trying to say, oh, 673 00:29:53,200 --> 00:29:56,320 Speaker 4: you took advantage of these shareholders, the same shareholders and say, no, 674 00:29:56,400 --> 00:29:57,959 Speaker 4: we actually believe in this guy and we want them 675 00:29:57,960 --> 00:30:00,400 Speaker 4: to continue doing what he's doing. So your tak that 676 00:30:00,560 --> 00:30:04,320 Speaker 4: is sometimes the market speaks. And now the courts are 677 00:30:04,360 --> 00:30:06,840 Speaker 4: still gonna fight it. Right, So now it's an uphill 678 00:30:06,880 --> 00:30:09,360 Speaker 4: battle for the courts because who are you really protecting? 679 00:30:09,480 --> 00:30:09,680 Speaker 5: Right? 680 00:30:09,920 --> 00:30:12,240 Speaker 4: Are you protecting him from becoming the richest man in 681 00:30:12,240 --> 00:30:15,640 Speaker 4: the world and possibly having undue influence through social media 682 00:30:15,680 --> 00:30:18,560 Speaker 4: and X. Is there a political component to this involved? 683 00:30:18,840 --> 00:30:21,280 Speaker 4: Is he getting all this hater aid because the powers 684 00:30:21,280 --> 00:30:23,400 Speaker 4: that be don't want him to have that control of X? 685 00:30:23,680 --> 00:30:26,520 Speaker 4: And this is my conspiracy theory on it is obviously 686 00:30:26,560 --> 00:30:28,840 Speaker 4: we know that he took over Twitter. We also know 687 00:30:28,880 --> 00:30:32,240 Speaker 4: that he's the only platform that's not censoring your content. 688 00:30:32,640 --> 00:30:34,520 Speaker 4: Every word that I'm saying to you right now, every 689 00:30:34,520 --> 00:30:37,280 Speaker 4: post that I make, whether it's on Instagram, Facebook, or YouTube, 690 00:30:37,400 --> 00:30:40,040 Speaker 4: there's a certain level of censorship. We do not have 691 00:30:40,080 --> 00:30:43,400 Speaker 4: a free press anymore. He's the only social media platform 692 00:30:43,520 --> 00:30:47,680 Speaker 4: that's larger, that is recognized that is not censoring the content. 693 00:30:47,920 --> 00:30:48,440 Speaker 5: You don't want to. 694 00:30:48,400 --> 00:30:51,320 Speaker 4: See hate speech. Don't follow the KKK guy. You want 695 00:30:51,320 --> 00:30:53,480 Speaker 4: to follow hate speech, You're gonna follow the people you 696 00:30:53,480 --> 00:30:56,240 Speaker 4: want to follow. And so he basically lifted the majority 697 00:30:56,240 --> 00:30:58,320 Speaker 4: of the rules. And I think that that scares the 698 00:30:58,440 --> 00:31:00,960 Speaker 4: crap out of the powers that be. So I do 699 00:31:01,040 --> 00:31:04,320 Speaker 4: think that when you put sixty five billion dollars of 700 00:31:04,360 --> 00:31:08,080 Speaker 4: a CEO's pay package to the courts, that court is 701 00:31:08,120 --> 00:31:10,080 Speaker 4: being influenced by higher authorities. 702 00:31:10,080 --> 00:31:10,880 Speaker 5: What's your thoughts on that? 703 00:31:10,960 --> 00:31:15,040 Speaker 3: Connor I mean, yeah, I'm clearly they don't want that 704 00:31:15,080 --> 00:31:17,880 Speaker 3: guy to have that money because he does what he wants. 705 00:31:17,920 --> 00:31:20,200 Speaker 3: I mean, he's about to you know, he's trying to 706 00:31:20,200 --> 00:31:23,760 Speaker 3: take us to Mars. He made a flamethrower because he 707 00:31:23,840 --> 00:31:26,640 Speaker 3: wanted to. He has the most successful EV company and 708 00:31:26,720 --> 00:31:30,200 Speaker 3: probably will stay the most successful EV company, So you know, 709 00:31:30,240 --> 00:31:32,760 Speaker 3: I'm probably I'm sure they're thinking, like what else is 710 00:31:32,760 --> 00:31:35,560 Speaker 3: he trying to do? And you know, the lack of 711 00:31:35,600 --> 00:31:39,560 Speaker 3: control is clearly something you know, a government would not 712 00:31:39,720 --> 00:31:42,680 Speaker 3: want to deal with in terms of an individual like 713 00:31:42,720 --> 00:31:47,040 Speaker 3: Elon Musk. But you know, clearly he is contributing to 714 00:31:47,120 --> 00:31:50,440 Speaker 3: society in multiple ways. So you know, obviously I don't 715 00:31:50,440 --> 00:31:51,320 Speaker 3: have a fucking problem with it. 716 00:31:51,440 --> 00:31:53,480 Speaker 5: He or and that shit. Absolutely Yeah. 717 00:31:53,520 --> 00:31:56,040 Speaker 4: And the way the article played out is Tesla shareholders 718 00:31:56,040 --> 00:31:58,680 Speaker 4: have reaffirmed a pay award of more than sixty billion 719 00:31:58,680 --> 00:32:01,320 Speaker 4: dollars for Elon Musk to see after it was thrown 720 00:32:01,360 --> 00:32:03,719 Speaker 4: out in a legal challenge. The vote result announced at 721 00:32:03,720 --> 00:32:07,360 Speaker 4: Tesla's annual meeting at its headquarters in Austin, Texas on Thursday. 722 00:32:07,360 --> 00:32:10,480 Speaker 4: It's a strong sign that shareholders still believe in mister Musk, 723 00:32:10,520 --> 00:32:13,520 Speaker 4: and it could persuade the judge who voided the ward 724 00:32:13,520 --> 00:32:16,280 Speaker 4: to reinstate it. Support for the pay award, made up 725 00:32:16,320 --> 00:32:18,640 Speaker 4: of stock options, will come as a relief to Musk 726 00:32:18,680 --> 00:32:21,560 Speaker 4: admirers who fear that rejection would prompt him to spend 727 00:32:21,640 --> 00:32:24,880 Speaker 4: less time managing Tesla or even quit. We think that 728 00:32:24,920 --> 00:32:28,760 Speaker 4: Elon is critical to Tesla's success at Tashakini Director Investment 729 00:32:28,760 --> 00:32:32,520 Speaker 4: at ARC Investment, which is which counts the automaker amongst 730 00:32:32,560 --> 00:32:34,960 Speaker 4: its largest holdings. I think it's a very I think 731 00:32:35,000 --> 00:32:37,440 Speaker 4: it's very important that Elon stays at the helm. The 732 00:32:37,520 --> 00:32:39,840 Speaker 4: vote was a setback for investors who had hoped they 733 00:32:39,840 --> 00:32:43,680 Speaker 4: would send a message about the accountability of chief executives 734 00:32:43,720 --> 00:32:46,320 Speaker 4: and the limits of executive pay. It's a higher pay 735 00:32:46,360 --> 00:32:48,200 Speaker 4: package that we've seen in the United States, and I 736 00:32:48,240 --> 00:32:50,720 Speaker 4: don't think it's a good president, said Christine Hall. Karen 737 00:32:50,760 --> 00:32:53,440 Speaker 4: Hall we call her founder and chief investment officer of 738 00:32:53,520 --> 00:32:56,360 Speaker 4: the Impact Capital, which has pushed Testa. 739 00:32:55,960 --> 00:32:58,640 Speaker 5: To improve working conditions at its factories. 740 00:32:58,920 --> 00:33:02,240 Speaker 4: The outcome may also mister must qualify as the world's 741 00:33:02,360 --> 00:33:05,480 Speaker 4: richest person. And going back to our conspiracy theory, Connor, 742 00:33:05,760 --> 00:33:08,280 Speaker 4: the crazy part was, you know, for him to finance 743 00:33:09,160 --> 00:33:13,320 Speaker 4: the acquisition of Twitter, he had to essentially pledge his 744 00:33:13,880 --> 00:33:16,720 Speaker 4: Tesla stock, right, So there was an argument that if 745 00:33:16,760 --> 00:33:19,680 Speaker 4: this ruling stood, he could have a cash call on 746 00:33:19,720 --> 00:33:22,520 Speaker 4: his accounts and causing him to liquidate and really disrupt 747 00:33:22,760 --> 00:33:24,760 Speaker 4: the majority of his businesses. And I don't know his 748 00:33:24,800 --> 00:33:27,920 Speaker 4: finances too well, but you know that's a big sixty 749 00:33:27,920 --> 00:33:30,280 Speaker 4: five billion dollar hole when you're worth two hundred billion. 750 00:33:30,320 --> 00:33:33,120 Speaker 4: That's over thirty three forty percent of your net worth. 751 00:33:32,920 --> 00:33:35,440 Speaker 3: Right, I mean, I bet you he wasn't even tripping though, 752 00:33:35,560 --> 00:33:36,960 Speaker 3: like that dude knows what he's said. 753 00:33:37,520 --> 00:33:39,240 Speaker 4: Yeah, dude, I don't think I've ever seen that. I mean, 754 00:33:39,240 --> 00:33:41,959 Speaker 4: he was stressed when when Tesla was going through their 755 00:33:42,000 --> 00:33:44,560 Speaker 4: production hell and their ramp up, but he never really 756 00:33:44,560 --> 00:33:47,720 Speaker 4: shows it. And obviously, you know, I'm not a clinical 757 00:33:47,760 --> 00:33:51,040 Speaker 4: psychologist or counselor, but I obviously has some level of 758 00:33:51,120 --> 00:33:53,880 Speaker 4: high functioning aspergers. And you know, he's like one of 759 00:33:53,880 --> 00:33:55,960 Speaker 4: those just savants when it comes you just hear the 760 00:33:56,000 --> 00:33:58,280 Speaker 4: guy talk. I mean, he obviously knows his shit. But 761 00:33:58,280 --> 00:34:00,520 Speaker 4: but it'll be interesting to see how this plays out. 762 00:34:00,600 --> 00:34:01,960 Speaker 4: You know, right now it's going to be back in 763 00:34:02,000 --> 00:34:04,360 Speaker 4: the courts. It's definitely not like he and like he says, 764 00:34:04,400 --> 00:34:06,160 Speaker 4: it's not like I can cash this out. I want 765 00:34:06,160 --> 00:34:08,160 Speaker 4: to ride with the company. I want to drive the 766 00:34:08,239 --> 00:34:11,080 Speaker 4: shares higher. So he's still aligned with shareholders. If he 767 00:34:11,160 --> 00:34:13,400 Speaker 4: was just trying to liquidate sixty five billion dollars of 768 00:34:13,440 --> 00:34:16,480 Speaker 4: stock and go, you know, buy a country or some 769 00:34:16,480 --> 00:34:18,640 Speaker 4: something like that, then it could it could definitely have 770 00:34:18,680 --> 00:34:20,480 Speaker 4: an impact on the company, but he wants to remain 771 00:34:20,520 --> 00:34:23,200 Speaker 4: at it, and we'll see where this goes. So, you know, 772 00:34:23,480 --> 00:34:25,920 Speaker 4: Connor always says, I talk about must too much. But guys, 773 00:34:26,120 --> 00:34:27,960 Speaker 4: there's a lot you can kind of take away from this, 774 00:34:28,040 --> 00:34:30,200 Speaker 4: and it really is the future of what how much 775 00:34:30,239 --> 00:34:32,279 Speaker 4: power the government and the courts are going to have 776 00:34:32,560 --> 00:34:34,520 Speaker 4: when they can dictate how much somebody is going to 777 00:34:34,560 --> 00:34:37,279 Speaker 4: get paid. Meanwhile, there's executives that get paid fifty one 778 00:34:37,320 --> 00:34:40,000 Speaker 4: hundred million dollars on Wall Street all day long. Meanwhile 779 00:34:40,000 --> 00:34:42,640 Speaker 4: their mutual funds sucked, the accounts go down. All these 780 00:34:42,680 --> 00:34:45,560 Speaker 4: bankers are making hundreds of millions. But for some reason, 781 00:34:45,600 --> 00:34:48,200 Speaker 4: this guy is really triggering the government and the. 782 00:34:48,120 --> 00:34:48,840 Speaker 5: Powers that be. 783 00:34:49,239 --> 00:34:52,319 Speaker 4: So what that said, I hope today's episode was was 784 00:34:52,320 --> 00:34:54,600 Speaker 4: helpful for you guys. You guys got some little nuggets 785 00:34:54,600 --> 00:34:58,520 Speaker 4: out of there. And you know this, this this show's 786 00:34:58,560 --> 00:35:00,520 Speaker 4: not easy to do. But there's two gentlem here right 787 00:35:00,520 --> 00:35:01,799 Speaker 4: now that I have been one of them. Connor, you 788 00:35:01,840 --> 00:35:04,520 Speaker 4: hear all the time. Our sound engineer, producer Daniel, who 789 00:35:04,520 --> 00:35:07,160 Speaker 4: buses button daily here for us. Can't thank them enough. 790 00:35:07,360 --> 00:35:09,879 Speaker 4: And guys real quick plug on a couple of things here. 791 00:35:09,920 --> 00:35:11,920 Speaker 4: We have a huge event coming up, which is the 792 00:35:12,000 --> 00:35:14,080 Speaker 4: Nate Das After Party. If you guys are down here 793 00:35:14,080 --> 00:35:16,279 Speaker 4: in southern California, we are going to be hosting the 794 00:35:16,320 --> 00:35:19,520 Speaker 4: official Nate after Party. We got some celebrities rolling through. 795 00:35:19,680 --> 00:35:21,440 Speaker 4: We're doing it at the Heat Ultra Lounge. If you 796 00:35:21,440 --> 00:35:23,920 Speaker 4: want more information on endorsing it, sponsoring it, or just 797 00:35:23,920 --> 00:35:26,560 Speaker 4: having VIP access, shoot me a DM I'll get you 798 00:35:26,600 --> 00:35:27,000 Speaker 4: the info. 799 00:35:27,280 --> 00:35:29,400 Speaker 5: You'll see some great brands there as well. Our friends 800 00:35:29,400 --> 00:35:31,200 Speaker 5: do Alto of course always have great waters. 801 00:35:31,200 --> 00:35:34,319 Speaker 4: Plus my good friends over at Commasario Tequila. We're super 802 00:35:34,320 --> 00:35:36,400 Speaker 4: excited to be partnering up with them here in the future. 803 00:35:36,560 --> 00:35:40,120 Speaker 4: The most delicious tequila I've ever tasted, as well as IVNK, 804 00:35:40,280 --> 00:35:43,040 Speaker 4: which is a vodka brand that's infused with natural kurpy. 805 00:35:43,080 --> 00:35:45,239 Speaker 4: It's just a lot of really cool exciting things that 806 00:35:45,239 --> 00:35:47,080 Speaker 4: we want to highlight at that event, but hit me up. 807 00:35:47,120 --> 00:35:49,000 Speaker 4: It's going to be a fun night. With that said, 808 00:35:49,000 --> 00:35:50,240 Speaker 4: this is Financial Fridays. 809 00:35:50,239 --> 00:35:52,239 Speaker 5: I'm Tony Ka. I'm gonna get your mind right and 810 00:35:52,360 --> 00:35:54,960 Speaker 5: your money game title. See you next Friday on Financial Fridays. 811 00:35:55,040 --> 00:35:55,440 Speaker 5: I'm out. 812 00:35:55,719 --> 00:35:58,560 Speaker 2: Thank you for listening to Financial Fridays with the Insider 813 00:35:58,600 --> 00:36:02,239 Speaker 2: Investor Tony Kay on Cannabis Talk one oh one, the 814 00:36:02,360 --> 00:36:06,000 Speaker 2: world's number one source for everything cannabis. 815 00:36:09,239 --> 00:36:09,279 Speaker 3: M