1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,000 Speaker 2: Sponsored by the United States Department of Homeland Security. 17 00:01:00,240 --> 00:01:04,520 Speaker 3: The stock market, especially the NASDAK, has had great had 18 00:01:04,520 --> 00:01:09,959 Speaker 3: a great January. Yes, last day Friday wasn't good, but 19 00:01:10,640 --> 00:01:13,520 Speaker 3: for the month of January it was insane. It was 20 00:01:13,520 --> 00:01:18,880 Speaker 3: on a great run. Do we expect February to continue 21 00:01:18,959 --> 00:01:19,600 Speaker 3: in this path? 22 00:01:21,080 --> 00:01:24,679 Speaker 4: They raised a basis points by quarter of one percent, 23 00:01:25,120 --> 00:01:27,360 Speaker 4: so that was the reason why I drugged down. They 24 00:01:27,400 --> 00:01:29,920 Speaker 4: seem to be lightening up on how much they were 25 00:01:29,920 --> 00:01:32,560 Speaker 4: going to raise rates, so it's not going to be 26 00:01:32,560 --> 00:01:34,839 Speaker 4: the aggressive six to seven percent that we thought maybe 27 00:01:34,880 --> 00:01:38,000 Speaker 4: three months ago. I'm kind of worried though, because like 28 00:01:38,080 --> 00:01:41,680 Speaker 4: the tech companies are going up like too rapidly, like 29 00:01:41,760 --> 00:01:44,800 Speaker 4: our rather a slow increase. I think February would be solid, 30 00:01:44,840 --> 00:01:47,480 Speaker 4: March will be pretty good, but I don't want companies 31 00:01:47,520 --> 00:01:50,200 Speaker 4: to over inflate, over hyper go up too fast, like 32 00:01:50,240 --> 00:01:52,120 Speaker 4: even metas damn the double. 33 00:01:51,920 --> 00:01:53,640 Speaker 5: Well you were talking about Facebook, so this day had 34 00:01:53,640 --> 00:01:54,680 Speaker 5: their biggest. 35 00:01:54,280 --> 00:02:01,120 Speaker 3: One day game ever. Ine, Yes, you were very barish 36 00:02:01,200 --> 00:02:01,920 Speaker 3: on Meta. 37 00:02:01,920 --> 00:02:03,600 Speaker 2: Still am and I was right in embarrassments. 38 00:02:03,840 --> 00:02:08,400 Speaker 5: So do you think that now it's. 39 00:02:07,840 --> 00:02:10,560 Speaker 3: On the rise. Yeah, it's on the rise. Yeah, So 40 00:02:10,919 --> 00:02:12,080 Speaker 3: what's your thoughts on Meta? 41 00:02:12,600 --> 00:02:16,440 Speaker 4: They finally start listening. They began to be a lot 42 00:02:16,440 --> 00:02:19,239 Speaker 4: more efficient. They're cutting out a lot of metal management. 43 00:02:20,480 --> 00:02:22,760 Speaker 4: Zuckerberg even said like it's fun now because the people 44 00:02:22,800 --> 00:02:25,400 Speaker 4: that it got laid off it was necessary and now 45 00:02:25,480 --> 00:02:28,120 Speaker 4: people that are there Meta like want to be there, 46 00:02:28,160 --> 00:02:31,480 Speaker 4: actually want to write code, want to make better products 47 00:02:31,480 --> 00:02:37,000 Speaker 4: than seeing some changes on Instagram. So I think they 48 00:02:37,040 --> 00:02:39,080 Speaker 4: aren't going to get back to that peak anytime soon, 49 00:02:39,440 --> 00:02:40,680 Speaker 4: but they're going in the right direction. 50 00:02:40,919 --> 00:02:42,040 Speaker 2: Yeah, I mean. 51 00:02:41,960 --> 00:02:46,320 Speaker 6: You said the products obviously reels. Yeah, we did great 52 00:02:46,360 --> 00:02:49,320 Speaker 6: for them in the court, Yes, did amazing. And there 53 00:02:49,440 --> 00:02:52,040 Speaker 6: is some talk that he might be cutting back on 54 00:02:52,200 --> 00:02:54,360 Speaker 6: at the amount of spending that he was going to 55 00:02:54,400 --> 00:02:57,080 Speaker 6: do into the space. And so when you're talking about 56 00:02:57,080 --> 00:03:00,400 Speaker 6: over fifty billion dollars being invested into the metaverse, scaling 57 00:03:00,480 --> 00:03:03,240 Speaker 6: that back, that's positive news, which is a bad investment. 58 00:03:04,000 --> 00:03:05,799 Speaker 6: And this is and if you go back, I think 59 00:03:05,880 --> 00:03:10,359 Speaker 6: to the end of twenty twenty one, we ask each other, 60 00:03:10,400 --> 00:03:12,000 Speaker 6: like what do you think is the most important stock. 61 00:03:12,480 --> 00:03:15,079 Speaker 2: I remember saying like, y'all, it's going to be Facebook. 62 00:03:15,400 --> 00:03:18,880 Speaker 6: And the reason not because of anything product that they're doing, 63 00:03:18,919 --> 00:03:20,799 Speaker 6: but the amount of money that he's spending on This 64 00:03:21,400 --> 00:03:23,760 Speaker 6: will really determine how the future of this company's going 65 00:03:23,800 --> 00:03:26,800 Speaker 6: to look, because if you put fifty billion dollars and 66 00:03:26,840 --> 00:03:28,919 Speaker 6: this doesn't work, how do you recover? 67 00:03:29,120 --> 00:03:31,400 Speaker 4: I mean, the peak was three eighty four thirty three. 68 00:03:31,440 --> 00:03:35,760 Speaker 4: It is at one eighty six fifty three. Nice growth, 69 00:03:36,840 --> 00:03:38,920 Speaker 4: but they at least need to get to two ten 70 00:03:38,960 --> 00:03:41,680 Speaker 4: and two fifty before I'm like super excited about the 71 00:03:41,840 --> 00:03:42,760 Speaker 4: upside of it. 72 00:03:43,640 --> 00:03:44,280 Speaker 5: So it was. 73 00:03:44,360 --> 00:03:47,280 Speaker 3: It was at eighty eight dollars in November and it's 74 00:03:47,320 --> 00:03:49,120 Speaker 3: had one hundred and eighty six dollars down, So I 75 00:03:49,160 --> 00:03:55,360 Speaker 3: want up one hundred dollars more than double in a 76 00:03:55,360 --> 00:03:56,000 Speaker 3: couple of months. 77 00:03:56,200 --> 00:03:58,480 Speaker 4: Yeah, good trade, and shout out to those who got 78 00:03:58,520 --> 00:04:01,360 Speaker 4: on the call. Some people are up in stock club 79 00:04:01,400 --> 00:04:06,120 Speaker 4: as a result. So like short term, I'm still bullish. 80 00:04:06,160 --> 00:04:09,080 Speaker 4: Long term, I'm still bearish until I'll see like a 81 00:04:09,160 --> 00:04:11,440 Speaker 4: change and playing even on like the conference call, they 82 00:04:11,480 --> 00:04:14,000 Speaker 4: didn't mention the meta versus much as they did the 83 00:04:14,040 --> 00:04:18,160 Speaker 4: previous call very intentionally. Absolutely, can we say the meta 84 00:04:18,240 --> 00:04:19,240 Speaker 4: versus a failure. 85 00:04:20,839 --> 00:04:21,760 Speaker 2: For them? 86 00:04:21,920 --> 00:04:25,080 Speaker 4: Will it work for other companies? Yes, Apple VR headset 87 00:04:25,160 --> 00:04:27,680 Speaker 4: is coming out soon. They want to replace this with 88 00:04:27,680 --> 00:04:30,039 Speaker 4: the headset. Tim Cook is going to eat their lunch. 89 00:04:32,360 --> 00:04:32,640 Speaker 2: John. 90 00:04:32,880 --> 00:04:37,840 Speaker 4: Kudos to John Wren, marn Alvin, Mark Zuckerberg, everyone at 91 00:04:37,839 --> 00:04:41,560 Speaker 4: Menlo Park. If you're in Meta and I'm right, go 92 00:04:41,560 --> 00:04:43,800 Speaker 4: into your other YouTube account and put yes and chat. 93 00:04:44,480 --> 00:04:48,200 Speaker 4: These are all the conversations like they were spending like 94 00:04:48,240 --> 00:04:51,559 Speaker 4: the three times I went, No, one's eating the food. 95 00:04:51,960 --> 00:04:55,720 Speaker 4: There's sixty thousand dollars worth of duck hunt feet or whatever. 96 00:04:56,360 --> 00:04:57,200 Speaker 2: Just sit. I'm like, this. 97 00:04:57,560 --> 00:05:03,920 Speaker 4: Wasteful spending was like insane. Now they're finally cutting back. 98 00:05:04,600 --> 00:05:07,160 Speaker 4: Not as many people in office. We have more people. 99 00:05:07,200 --> 00:05:10,440 Speaker 4: At one point they had no engineers working on building 100 00:05:10,480 --> 00:05:13,640 Speaker 4: new products for two years. 101 00:05:14,320 --> 00:05:17,760 Speaker 2: See Rasha would have fired everybody. Right, they're done. 102 00:05:17,880 --> 00:05:19,480 Speaker 4: So now that if they get back to a place 103 00:05:19,480 --> 00:05:23,000 Speaker 4: of actually being innovative, I think they can. They can 104 00:05:23,040 --> 00:05:24,719 Speaker 4: have a tremendous subside. But I need to see like 105 00:05:24,760 --> 00:05:26,080 Speaker 4: this consistent pattern of the fictional. 106 00:05:26,120 --> 00:05:28,520 Speaker 5: So people invest in in Meta now. 107 00:05:28,440 --> 00:05:31,800 Speaker 4: Or no, no, not if it doesn't get back to 108 00:05:33,240 --> 00:05:36,160 Speaker 4: one on two twenty three or like one on four. 109 00:05:38,520 --> 00:05:40,240 Speaker 4: There are other companies that you could have invested in 110 00:05:40,240 --> 00:05:42,560 Speaker 4: that will give you more safety. And it's crazy to say, 111 00:05:42,600 --> 00:05:44,360 Speaker 4: like in video is a safer move right now than 112 00:05:44,480 --> 00:05:44,919 Speaker 4: Meta is. 113 00:05:45,600 --> 00:05:47,839 Speaker 5: Well, you can go or you can go to ETF route. 114 00:05:47,600 --> 00:05:49,919 Speaker 2: Absolutely two tech two index, No stress. 115 00:05:50,279 --> 00:05:53,400 Speaker 4: Franklin Dina Tech fund is what he talked about investing, 116 00:05:53,520 --> 00:05:54,560 Speaker 4: Can everyone put it in chat? 117 00:05:54,600 --> 00:05:55,520 Speaker 2: Investment is not hard. 118 00:05:56,000 --> 00:05:58,760 Speaker 4: Just stick to the same blueprint, so vo O, v 119 00:05:58,880 --> 00:06:02,400 Speaker 4: t I, Apple, Arcosoft if you're trading maybe looking for 120 00:06:02,680 --> 00:06:06,800 Speaker 4: maximum but they've had an amazing quarter for sure. But 121 00:06:06,880 --> 00:06:11,000 Speaker 4: if you look from three eighty four down to eighty bucks, 122 00:06:11,000 --> 00:06:11,880 Speaker 4: that's a hell of a fall. 123 00:06:12,760 --> 00:06:13,080 Speaker 2: Yeah. 124 00:06:13,160 --> 00:06:16,520 Speaker 3: Yeah, that's the tough and that's the benefit of diversification, right, 125 00:06:16,560 --> 00:06:19,120 Speaker 3: So index funds, but even the ETF which is more 126 00:06:19,839 --> 00:06:21,920 Speaker 3: specific if you have you know. 127 00:06:22,120 --> 00:06:23,400 Speaker 5: The qqqs of the world. 128 00:06:23,480 --> 00:06:25,720 Speaker 3: Yeah, or even on mutual fund like you said, franking 129 00:06:25,800 --> 00:06:29,640 Speaker 3: Dona take fund where all right, if Facebook does well, 130 00:06:29,760 --> 00:06:33,160 Speaker 3: your benefit, But you're not putting all your eggs in one, 131 00:06:34,120 --> 00:06:36,839 Speaker 3: so now you get the full spectrum of all of 132 00:06:36,839 --> 00:06:38,960 Speaker 3: the different players on the team as opposed to just 133 00:06:39,680 --> 00:06:40,720 Speaker 3: you know, trying to ride it. 134 00:06:40,680 --> 00:06:42,599 Speaker 2: Out with one. 135 00:06:43,880 --> 00:06:48,080 Speaker 3: Investing in one stock is usually not a good idea, no, 136 00:06:49,760 --> 00:06:53,960 Speaker 3: and some people have it's been like a revelation online 137 00:06:53,960 --> 00:06:56,520 Speaker 3: where it's like, oh, like, but I've always said that 138 00:06:56,560 --> 00:06:58,560 Speaker 3: it's never been a good idea. I personally said, I 139 00:06:58,600 --> 00:07:01,440 Speaker 3: don't really invest individual stock. Yeah you can if you 140 00:07:01,480 --> 00:07:04,080 Speaker 3: want to, but of course there's a lot more risk 141 00:07:04,279 --> 00:07:07,920 Speaker 3: involved when you're investing with an individual stock as opposed 142 00:07:07,920 --> 00:07:11,280 Speaker 3: to investing in an index funnel each Yeah, but we've 143 00:07:11,280 --> 00:07:12,000 Speaker 3: already said that. 144 00:07:12,120 --> 00:07:14,040 Speaker 4: Go look at the mass straw down over the last 145 00:07:14,040 --> 00:07:15,880 Speaker 4: five years of every stock first. 146 00:07:17,160 --> 00:07:19,440 Speaker 6: This episode is brought to you by P and C Bank. 147 00:07:19,800 --> 00:07:22,560 Speaker 6: A lot of people think podcasts about work are boring, 148 00:07:22,800 --> 00:07:26,640 Speaker 6: and sure they definitely can be, But understanding a professionals 149 00:07:26,720 --> 00:07:29,960 Speaker 6: routine shows us how they achieve their success little by little, 150 00:07:30,360 --> 00:07:34,000 Speaker 6: day after day. 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Let's Square handle the back end so you 178 00:09:03,559 --> 00:09:06,440 Speaker 6: can keep pushing your vision forward. 179 00:09:07,440 --> 00:09:11,120 Speaker 1: An illegal alien from Guatemala charged with raping a child 180 00:09:11,120 --> 00:09:14,920 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 181 00:09:15,160 --> 00:09:19,320 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 182 00:09:19,360 --> 00:09:23,280 Speaker 1: filming and selling child pornography in Michigan. These are just 183 00:09:23,360 --> 00:09:27,080 Speaker 1: some of the heinous migrant criminals caught because of President 184 00:09:27,160 --> 00:09:30,760 Speaker 1: Donald J. Trump's leadership. I'm Christy Noman the United States 185 00:09:30,760 --> 00:09:35,560 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 186 00:09:35,600 --> 00:09:39,160 Speaker 1: crossings are at the lowest levels ever recorded, and over 187 00:09:39,200 --> 00:09:42,440 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 188 00:09:42,480 --> 00:09:46,360 Speaker 1: are here illegally, your next you will be fined nearly 189 00:09:46,440 --> 00:09:50,440 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 190 00:09:50,480 --> 00:09:54,120 Speaker 1: never return. But if you register using our CBP home 191 00:09:54,160 --> 00:09:57,559 Speaker 1: app and leave now, you could be allowed to return legally. 192 00:09:57,920 --> 00:10:02,640 Speaker 1: Do what's right, leave now. Under President Trump, America's laws 193 00:10:02,840 --> 00:10:05,280 Speaker 1: border and families will be protected. 194 00:10:05,400 --> 00:10:07,480 Speaker 2: Sponsored by the United States Department of Homeland Security. 195 00:10:07,600 --> 00:10:09,240 Speaker 4: Is the index strawt down is how much money you 196 00:10:09,280 --> 00:10:12,400 Speaker 4: lose from top to bottom. There's a lot less loss. 197 00:10:12,600 --> 00:10:15,640 Speaker 4: The investment is not hard. People just want to gamble. 198 00:10:15,960 --> 00:10:19,439 Speaker 6: And even when you're investing in the ETF, actually look 199 00:10:19,480 --> 00:10:22,200 Speaker 6: inside of it, Like, look at where the asset allocation 200 00:10:22,320 --> 00:10:25,920 Speaker 6: is going to. It changes, right, I think metas is 201 00:10:25,920 --> 00:10:29,440 Speaker 6: it in XLC, is it in communications? Yeah? So look 202 00:10:29,440 --> 00:10:31,920 Speaker 6: look at the allocation. Is it twenty percent of the 203 00:10:31,920 --> 00:10:33,520 Speaker 6: ETF or is it twelve percent? 204 00:10:33,840 --> 00:10:34,040 Speaker 2: Right? 205 00:10:34,120 --> 00:10:35,560 Speaker 6: Like so if it does have a droll down, it's 206 00:10:35,600 --> 00:10:37,680 Speaker 6: twenty percent of the ETF. Yeah, you want to feel 207 00:10:37,679 --> 00:10:40,600 Speaker 6: that right, whereas you might in QQQ, I think it's 208 00:10:40,640 --> 00:10:44,280 Speaker 6: like eight percent, right, So look inside of the ETFs themselves, 209 00:10:44,520 --> 00:10:46,720 Speaker 6: see the percentage of the allocations, and then make an 210 00:10:47,080 --> 00:10:49,160 Speaker 6: educated decision. All right, well I want to have some 211 00:10:49,240 --> 00:10:50,920 Speaker 6: exposure to it. Do I want to have twenty five 212 00:10:50,960 --> 00:10:52,440 Speaker 6: percent of the ETF or do I want to have 213 00:10:53,000 --> 00:10:54,160 Speaker 6: seven percent of the ETF. 214 00:10:54,280 --> 00:10:57,080 Speaker 4: So what would make me very bullish on Meta is 215 00:10:57,080 --> 00:11:00,000 Speaker 4: if they build a chet GBT competitor. 216 00:11:00,000 --> 00:11:00,600 Speaker 2: And that's another thing. 217 00:11:00,640 --> 00:11:03,760 Speaker 4: If I'm comparing Microsoft and their partnership with chat GBT, 218 00:11:04,400 --> 00:11:06,040 Speaker 4: if they would have had that and it could have 219 00:11:06,080 --> 00:11:07,640 Speaker 4: fixed a lot of the coding issues while they did 220 00:11:07,640 --> 00:11:08,720 Speaker 4: the layoffs, I would have. 221 00:11:08,720 --> 00:11:09,880 Speaker 2: Been incredibly excited. 222 00:11:10,960 --> 00:11:13,640 Speaker 4: They need some ail automation in place in order to 223 00:11:13,679 --> 00:11:16,959 Speaker 4: be able to make the company grow faster. If they 224 00:11:17,000 --> 00:11:19,800 Speaker 4: have that in place, I would be incredibly excited. I 225 00:11:19,800 --> 00:11:22,240 Speaker 4: would be bullish on Meta again at that point. But 226 00:11:22,320 --> 00:11:25,480 Speaker 4: if I'm comparing Microsoft's Apple versus them, I'm gonna pick 227 00:11:26,800 --> 00:11:29,040 Speaker 4: Apple and Microsoft every time for sure. 228 00:11:29,320 --> 00:11:32,559 Speaker 3: So what's your thoughts on Bacardi settling with jay Z 229 00:11:32,800 --> 00:11:35,680 Speaker 3: for seven hundred and fifty million dollars And what is this? 230 00:11:35,880 --> 00:11:37,480 Speaker 5: What is this even about. 231 00:11:37,480 --> 00:11:45,719 Speaker 2: Jay had a couple issues. That's fun putting it out 232 00:11:45,720 --> 00:11:46,760 Speaker 2: there to the world. 233 00:11:47,960 --> 00:11:49,640 Speaker 4: I think it was maybe six months ago where he 234 00:11:49,679 --> 00:11:51,679 Speaker 4: wanted to see the books I want to deal with 235 00:11:51,760 --> 00:11:54,959 Speaker 4: do say? And I know I read a lot of 236 00:11:55,000 --> 00:11:57,520 Speaker 4: the comments and people were saying, hey, he still owns 237 00:11:57,600 --> 00:11:59,480 Speaker 4: part of it. I get that, But my first thought 238 00:11:59,600 --> 00:12:02,680 Speaker 4: was if opposed to going through the entire process of 239 00:12:02,679 --> 00:12:05,319 Speaker 4: revealing books all sales and they agreed to pay out 240 00:12:05,360 --> 00:12:07,880 Speaker 4: seven fifty, how much do they really owe him? 241 00:12:07,960 --> 00:12:10,000 Speaker 2: Yeah, so what he wants to owe him four billion? 242 00:12:10,080 --> 00:12:12,160 Speaker 2: So he wanted to see the books, and this is 243 00:12:12,200 --> 00:12:12,959 Speaker 2: how it's being reported. 244 00:12:12,960 --> 00:12:15,480 Speaker 6: He wanted to see the big books because he potentially 245 00:12:15,480 --> 00:12:17,439 Speaker 6: wanted to sell his fifty percent steak in the company. 246 00:12:17,800 --> 00:12:22,240 Speaker 6: And so Bacardy owns fifty percent of Ducet and I see, 247 00:12:22,360 --> 00:12:25,280 Speaker 6: I guess Holdings or Liquors owns fifty percent of Duce, 248 00:12:25,720 --> 00:12:27,600 Speaker 6: and so he was interested in selling his fifty percent 249 00:12:27,600 --> 00:12:30,240 Speaker 6: stake in it. The problem is the valuation was so 250 00:12:30,280 --> 00:12:32,440 Speaker 6: low based on what Baccarty was saying. And so when 251 00:12:32,480 --> 00:12:34,800 Speaker 6: you tell me that the valuation is though, now I 252 00:12:34,840 --> 00:12:35,640 Speaker 6: need to see the numbers. 253 00:12:35,720 --> 00:12:37,760 Speaker 2: Showed me. Showed me the number because he knows his fadary. 254 00:12:37,880 --> 00:12:40,400 Speaker 4: He's saying like he's a fifty x multiplier to anything 255 00:12:40,440 --> 00:12:40,880 Speaker 4: he touches. 256 00:12:40,960 --> 00:12:44,559 Speaker 2: He says three Millionately, I think they got some reports 257 00:12:44,559 --> 00:12:44,960 Speaker 2: where they. 258 00:12:44,840 --> 00:12:48,280 Speaker 6: Said they were worth five billion, and Bacarty is saying, like, not, 259 00:12:48,679 --> 00:12:51,600 Speaker 6: it's worth one point five So if you have it's 260 00:12:51,600 --> 00:12:53,960 Speaker 6: worth one point five billion, your fifty percent steak is 261 00:12:54,280 --> 00:12:55,640 Speaker 6: seven hundred and fifty million. 262 00:12:55,880 --> 00:12:58,720 Speaker 2: That's what you're entitled to. And so now I have 263 00:12:58,720 --> 00:12:59,320 Speaker 2: to look at the books. 264 00:12:59,320 --> 00:13:01,480 Speaker 6: So they went through little gation for like, like you said, 265 00:13:01,800 --> 00:13:04,280 Speaker 6: six months, and it's like he finally got to a 266 00:13:04,320 --> 00:13:07,520 Speaker 6: point where they actually settled on Friday, and the settlement 267 00:13:07,640 --> 00:13:10,600 Speaker 6: was rather than selling the fifty percent steak, he sold 268 00:13:10,679 --> 00:13:15,240 Speaker 6: majority of his fifty percent, and so technically that's like 269 00:13:15,400 --> 00:13:18,520 Speaker 6: he has a twenty four point nine at the maximum 270 00:13:18,840 --> 00:13:23,680 Speaker 6: cent stake of their company. So now Bacardi's side, they saying, 271 00:13:23,679 --> 00:13:25,640 Speaker 6: all right, well we're going to agree with that evaluation. 272 00:13:25,960 --> 00:13:27,679 Speaker 6: So let's say they agree and this is all alleged. 273 00:13:27,760 --> 00:13:29,800 Speaker 6: We don't know the exact numbers. Let's say that they 274 00:13:29,840 --> 00:13:33,240 Speaker 6: agreed that it was three billion. I still have to 275 00:13:33,600 --> 00:13:35,040 Speaker 6: like payout right, because he's. 276 00:13:34,960 --> 00:13:35,720 Speaker 2: An amazing payoff. 277 00:13:35,760 --> 00:13:38,440 Speaker 6: Yeah, right, so that that's almost that's almost a billion 278 00:13:38,440 --> 00:13:41,480 Speaker 6: dollar transaction based on selling. Now he still has a 279 00:13:41,679 --> 00:13:43,600 Speaker 6: large steak in the company, like I said, twenty four 280 00:13:43,600 --> 00:13:46,200 Speaker 6: point nine percent if he did, right, So they still 281 00:13:46,200 --> 00:13:49,280 Speaker 6: have the majority. But now Bacardi owns seventy five point 282 00:13:49,520 --> 00:13:50,640 Speaker 6: one percent of. 283 00:13:50,600 --> 00:13:52,480 Speaker 2: Do So or to'd be worth in eight years off 284 00:13:52,520 --> 00:13:53,680 Speaker 2: of his name, right. 285 00:13:54,040 --> 00:13:56,800 Speaker 6: Or if the numbers show like he stay settled at 286 00:13:56,800 --> 00:13:59,439 Speaker 6: three billion allegedly or reportedly, but. 287 00:13:59,400 --> 00:14:00,080 Speaker 2: What if it was for. 288 00:14:01,760 --> 00:14:05,960 Speaker 4: Or seven or right, and we know during the depression 289 00:14:06,240 --> 00:14:09,280 Speaker 4: alcohol consumption goes up, they're still going to use his 290 00:14:09,440 --> 00:14:12,480 Speaker 4: likeness in some way to promote the brand. I will 291 00:14:12,559 --> 00:14:14,480 Speaker 4: not be surprised if that brand in four or five 292 00:14:14,559 --> 00:14:16,880 Speaker 4: years is the word twelve or thirteen billion dollars and 293 00:14:16,960 --> 00:14:18,600 Speaker 4: all of a sudden it was some kind of accounting 294 00:14:18,720 --> 00:14:20,360 Speaker 4: error to value at one point five or one. 295 00:14:20,240 --> 00:14:22,000 Speaker 6: Point And I'm sure he's going to promote it, right, 296 00:14:22,120 --> 00:14:23,800 Speaker 6: It's not like he still doesn't have ownership in it. 297 00:14:23,960 --> 00:14:27,280 Speaker 2: Yeah right, we at the brunch do say he's sponsoring it? Yeah? 298 00:14:27,360 --> 00:14:29,960 Speaker 6: Right, So the brand will live on obviously, you know 299 00:14:30,640 --> 00:14:33,320 Speaker 6: he still has a steak, he's an owner, So why 300 00:14:33,320 --> 00:14:36,040 Speaker 6: wouldn't you promoted it still generates revenue for you. 301 00:14:36,320 --> 00:14:38,800 Speaker 4: That's tricky though, because I hate when these valuation games 302 00:14:38,840 --> 00:14:43,360 Speaker 4: get played with us in particular, and I guarantee in 303 00:14:43,360 --> 00:14:46,400 Speaker 4: the year they're going to reevaluate, the company is going 304 00:14:46,480 --> 00:14:47,560 Speaker 4: to be worth a hell of a lot more. 305 00:14:47,720 --> 00:14:50,200 Speaker 6: Yeah, but that and so shout out again kudos to 306 00:14:50,280 --> 00:14:52,600 Speaker 6: j and the whole team. Right, So if you look 307 00:14:52,640 --> 00:14:56,520 Speaker 6: at it last year, they need to move with LVMH Yeah, 308 00:14:56,960 --> 00:14:59,600 Speaker 6: Asu Spade, they have to be part of that luxury company. 309 00:15:00,120 --> 00:15:01,760 Speaker 6: And we saw the numbers that that did, and so 310 00:15:01,920 --> 00:15:04,760 Speaker 6: do say was something that kind of was birthed after that. 311 00:15:05,440 --> 00:15:07,560 Speaker 2: But you getting I mean it's still a win. I'm 312 00:15:07,560 --> 00:15:08,160 Speaker 2: still a big win. 313 00:15:08,240 --> 00:15:13,040 Speaker 4: Yeah yeah, but I don't want black entrepreneurs to get 314 00:15:13,080 --> 00:15:18,680 Speaker 4: lower valuations and then matters value at what it's worth. 315 00:15:18,960 --> 00:15:20,160 Speaker 4: And if I have to ask you who is a 316 00:15:20,160 --> 00:15:23,480 Speaker 4: more impactful CEO, Jay Z and Mark Zuckerberg, I'm going 317 00:15:23,520 --> 00:15:26,560 Speaker 4: with Jay every time. Let ja have that slot at 318 00:15:26,640 --> 00:15:28,640 Speaker 4: Meta for two years unless see what it does. 319 00:15:29,240 --> 00:15:32,400 Speaker 2: I know what it would do well impact. 320 00:15:32,200 --> 00:15:37,040 Speaker 4: Absolutely like relift the Instagram, relift the Facebook, all the content. 321 00:15:37,400 --> 00:15:39,320 Speaker 4: It would be dramatically different. So, like I hate that 322 00:15:39,400 --> 00:15:42,240 Speaker 4: they devalue what the brand was really worthwhile. But don't 323 00:15:42,240 --> 00:15:44,520 Speaker 4: get me wrong, seven fifty is a win. That's on 324 00:15:44,560 --> 00:15:45,640 Speaker 4: a conservative low end. 325 00:15:45,720 --> 00:15:48,520 Speaker 6: Yeah right, but I mean again, you want to do 326 00:15:48,560 --> 00:15:51,680 Speaker 6: something great, true greatness? Can you do it twice? He 327 00:15:51,760 --> 00:15:53,480 Speaker 6: did it with a speed, that's true. I did it 328 00:15:53,520 --> 00:15:55,640 Speaker 6: with Yeah. What's to say you can't do it again? 329 00:15:56,640 --> 00:16:01,040 Speaker 6: But shit, you have to No, but you could. Yeah, 330 00:16:01,440 --> 00:16:02,040 Speaker 6: shout out. 331 00:16:01,920 --> 00:16:02,240 Speaker 5: The whole 332 00:16:04,640 --> 00:16:09,400 Speaker 6: My graduates from my school being force back drop back 333 00:16:09,560 --> 00:16:12,920 Speaker 6: drop or my drop back drop b drop