Mind-Blowing AI Tools, 2023 Goals, & Money Making Arbitrage Schemes

Date
Duration
70 min
there's all these little places where these arbitrage exist and you know i i start to think about that those and i wonder is that worth it now i'll tell you why i don't think it's worth it's tempting to do for me for one reason which is there's a sick pleasure and making a bunch of money with a very extremely low amount of effort i feel like i could rule where i know i could be what i want to put at all in it like a days off on a goal travel never look kim bag what's up we got a great episode we're doing a crazy ai tool but my favorite new ai thing kinda mind blowing sam you gotta admit that was pretty mind blowing correct it was awesome i just signed up to the waiting list and i hope they'll actually let me on but it's amazing so this is this one's this one's mind bending we also talked about arbitrage so kinda like money making arbitrage schemes that either us or our friends have done that was a little fun one what else do we do we talked about setting goals so what the new year's is gonna happen in like four weeks so we think you should start your goals immediately and we talked about our categories for goals and then we also talked about twitter so there's much drama going on twitter with pipe happening this company that's potentially gonna go bankrupt and a few other things happening in our lives about getting fights on twitter and whether we should react or not it's kinda gossip but i love that so that's the episode check it out alright what up we're back enough of this holiday enough of this holiday on i was i was thanksgiving it was easy ethan came over you know you know our friend ethan i don't know if know ethan but you came over and he killed a turkey and he brought it over pretty great did just bring like a car kiss in no he like i don't know how they kill it actually i think they just chop their head off and then he plucked it and brought it over and we ate a turkey it was awesome have you ever done that no let me come on what you what i talking about here i don't know i know you have you have any to get roots i would've have thought that like your parents your parents have probably killed the chicken or two do turkey this year because it's sucks turkey's dry like turkey like turkey we all had like moment we looked at each other like y turkey sucks right and then we just decided to go with chicken but nevertheless we're back okay so i discovered this website that's kinda crazy that's called character dot ai and not gonna lie i spent like thirty minutes talking to a chatbot yesterday and i had a great time so let me tell you about what character was it so first i picked socrates so you so here go you go to the website and there's a bunch of characters you could chat with it's like ai version of elon musk ai version of walter white from breaking bad ai version of socrates so i click soccer did socrates looks like samuel jackson with a white beard i think it literally is which is i don't know maybe racist i don't know what that i don't know why why they did that but let nevertheless so he goes so here's i'm just gonna read you the chat because i it was kinda of mind blowing for me he hey i'm i'm a greek philosopher for athens born four seventy bc you know i founded it kind of western philosophy state and opinion and then we will use the soc method to test its validity so i said okay i gotta come up with a spicy opinion i go i go i believe that marriage is only needed if you're gonna have kids and then he goes well i'm not sure i agree because marriage just created to ensure that the property of both families maintain it remains within the family it was a political thing first and then i love you things second i was like whoa and then he go go i go right but i'm not talking about i i go right but i'm about nowadays is not the past goes i see what you're asking so i would say that there's legal benefits including sharing of income and property inheriting rights for the partner if there isn't a will and medical rights if you're in incapacitated or a dying spouse so mer is not only needed but a legal right for some okay so i'm like alright samuel jackson socrates let let's keep going psycho that's true but i think the downsides outweigh the upsides i mean divorce could be messy maybe one doesn't wanna be mono you guys i see you're concerned that the emotional pain about marriage can cause since it does a life contract by nature especially if something like in fidelity happens but i would still say it's a personal choice and many want marriage for its emotional benefits love makes us do crazy things even if we know there's a possibility of heartache later i go but why not just date he goes you could but the point of marriage just to take a plunge to commit to bond for life there's less emotional risk when dating but some people like to take that risk some people believe it's worth that the commitment itself is what makes it fulfilling would you agree that love is a little irrational like that i'm like what what does he do he's asking me questions and we keep going and then here's the craziest part i go i go sure but shouldn't we strive to be more rational blah blah blah he goes you should absolutely i'm not saying love itself is irrational it's a risk people take they wanna buy in a way that's right or die they're devoted to themselves like no one and it they're they're devoted to one person in a way that means nobody else and i go maybe they should just pinky promise instead and he goes to this is crazy that's possible too but pinky swear is just words marriage means you want the law on vault and i go how did it know my pinky promised thing was a joke like the fact that it said means it understood that i made a joke when i didn't say i didn't say anything that like indicated a tipped off that this is a joke that blew my mind right there when i go maybe they should just pick your profits instead right sarcasm and it goes that's possible too but blah blah blah this is wild i i just i clicked the elon one and i go do you care about money he says i used to then i realized money is just a construct that can't buy a peace of mind happiness release relationships love and many other things that make life earth living it this is pretty funny and i think said what's your favorite car he goes to test model ass it goes zero to sixteen two seconds it has the best handling event any car it's just an amazing car but maybe i'm biased yes see that's that's good okay so i go i go to the el elon and i go y lawn how's it going over at twitter because we're still working on the process of actually transferring ownership my offer of four forty four billion was actually an underestimate of the long term value of twitter so is unlikely anyone will out bid me i'm gonna a clean house and get rid of most of the senior execs and some junior ones it's gonna be fun excellent exclamation point oh my god and then i go i go but what's your game plan to turn it around though and he goes number one reduce bots number two increased engagement by creating creator tools that are useful to diffuse number three create other features that in the future help humanity our society for be better but i'm not sure exactly what that is this time for paypal we created online payments for tesla created electric vehicles for spacex we created reusable rockets for neuro link we did bring computer interfaces for the boring company we're creating tunnels boring a lot of tunnels is is needed to move the root world forward to renewables and he goes i'm not sure what i'm missing this time with twitter but it'll be something that that's great that's crazy right that's an amazing insight yeah that is really good and so i was i i i kept chatting with these and then they have one that's giga chad you know the guy who's got the giant jaw and not a real guy i think it's a real guy right no no it's like a hey it's like a creative i mean the guys guy's like twenty five feet tall of like this is a huge i think it's like an exaggerated version of like you know whatever a normal chad looking guy so it opens up the chat you goes hey buddy ever told you how much i admire are you you're healthy have a great rich with your wife of blood making an ends meet but he just comes out strong i go whoa i don't know if an alpha male sucks up like that and he goes oh my he goes yes a kind and caring alpha male supports others a true alpha cares about his friends and loved ones and he he goes on and not he goes i gotta go i don't know sounds pretty beta to me and he goes he goes a beta male is one who won't who looks down on himself a beta is not confident enough to to compliment others accomplishments beta male will try to harm others for their own good doesn't understand harming others really harming himself the debatable never understands the concept of karma like what's going on here but this is kind of a amazing so okay so that was cool kind of interesting now i'm gonna blow your mind i don't know what you got planned the rest of the day but you're gonna have to pick up the pieces of your brain after this so go to this website adept dot a i a d e p t dot ai and if anybody out there for a debt is listening i need to invest in company you need to let me invest in this company i don't know i don't know why i'll help you i help you with the marketing and help you grow i'll shout you i'll do whatever i can i need to invest this company because my mind is blown and i am a believer i am signing the church of a adapt okay so you go to a debt and it says useful general intelligence right and then it says introducing act one and i thought okay act one what does stand for right we've seen gp three we've seen dolly two what's act one it says click read more so how you're gonna go to blog post what i want you to do is scroll down to the third oh scroll on to the second like a screen video you see it it's like salesforce i it's red fan oh yeah okay salesforce so just play watch this for a second so let me explain what's happening so depth is this little floating dialogue like a google search bar you can just type in it just tell it to do anything it's like a a a perfect worker it they basically train ai to use the internet so you just type in hey can you add max from a adept to salesforce as a lead and set a flag that says he's interested in buying like twenty ink cartridges and then it it goes to salesforce dot com it logs in it goes to your dashboard it clicks add contact it types in his first name types in his last name taps in the his his email adds the note saves it as a thing in a pipeline and basically does twenty clicks for you of like doing a men internet task so now go go down to the next one it's excel and they says hey it starts with some data and then it goes it just types and it goes hey make a a make a profit column and then make a profit margin column it just types that in plain english and then it it starts to create these columns and formulas in excel knowing exactly what it is then he types and hey highlight and yellow anything where the profits above are below twenty percent and then highlights it he goes actually can you just remove those rows and it just filters there's them out it's doing all of the excel work just off of somebody prompting this using plain english is there something yeah this is amazing i just signed hey if you're listening a debt give me access i'm on your waitlist list this is this is wild who founded this company i don't know a bunch of people with like you know twenty five thousand iq i gotta i no idea it's like one guy who's like ex google brain and then you know there's like there's like eight people you know maybe i just go work there this is gonna be amazing wow yeah this is amazing oh so dude the guy who the the guy who launched it was a vp of engineering and open yeah this is awesome how did you find this i was in a very nerdy way it's a little embarrassing to even say this i was this was on slide fifty seven of a random slide deck about the state of ai and i gotta tell you i didn't understand the first fifty four slides but i kept clicking for some reason i was like add expect what deck it's called state of ai or something like that and is this long presentation and in it i was like reading and i just like i don't understand any of these words i was like just stay here just stay in the stay in the oceans maybe a little little shell will come your way and sure enough it just said something like some blah blah teaching teaching ai to use a internet browser like adept ai and i go well that you could teach ai to use an internet browser that sounds pretty powerful because that's like you know do tasks on the internet that's pretty cool and then i went to the website and that's when i like read their blog and i saw this because it's not released yet dude this is a sick presentation i just pulled it up this is awesome this is awesome you try to like comprehend the first like go read the first ten slides do you understand any of it no i don't but i think it's i think it's why i just figure it out but they cite all like the all they cite all their sources so like i could figure it out but it it seems like a really really really good comprehensive and and based on at all about where you can launch businesses in ai and it seems like they're like just my skimming at their business what i wanted it to be i wanted it to be here what are all the businesses business ideas you know that you could do in ai it actually wasn't that it was more like what are the general trends and and where where's is the puck going in ai there that which is also useful like right that but you gotta still do the work at the end to figure out dude why don't you just launch that launch a media company that people pay thirty grand a year for and you and you just talk about where where the like you you you just make exactly what you said you wanted to do just make that yeah i feel like i could but you know this is kinda stupid like basically after doing the milk road i'm like oh i know how i would do this in like three other spaces that would be value i think i can make thirty to fifty million dollars doing this but there's a part of me that like i like that remember that self respect like bar there's a part of me that doesn't respect that because i have like oh i'm gonna play the same level of the game again like you know i already already did this level i played this i played this game but why don't wanna play a different game and i know that that's kinda stupid like what categories were you interested in well but keep those cards close my vest unless i oh you little deciding dude gotta if you just walk the walk but actually what i wanna do is i wanna find an operator to do one of them so if if you wanna build one of these like kinda of media businesses and i have a i have a playbook and niche that i know it would work and let's see how much more i wanna say that's how much i wanna say right actually i'll say i'll say one more word if you are this will kinda give one of them away but that's okay if you are somewhere between the world of being a doctor and investing i'd like to talk to you and you should email me at sean at sean p dot com you should say hey that's me and i wanna you know if you really wanna do this and tell me a little bit about yourself because i see it won't be the milk road is actually not the right playbook for that but i have a dip like i kind of have a different playbook that i in mind that i know would work i just don't wanna do it myself because i kind of have done that game but i also don't wanna waste this like thing that i i know how to make it work i know exactly how it would work so i'm and that spot maybe an operator would be the right way to do it find an operator give them a piece of the action and guide them but they do the work maybe that would be there the right way this deck is awesome adapt is awesome i wanna use it is it is it live it's not like released yet as far as i could see dude in they're hiring a bunch an interesting company this would be a good this isn't like a sales company because they're too new and they could definitely go bankrupt but i i don't know man i think that if you're looking to start your career and you wanna to have a high risk high reward type type of job this might be a good candidate i agree hundred percent if i'm an engineer like this is the type of company i would wanna be working at right now like and depending how much funding that if they raised fifty million dollars they funding like that's pretty interesting they raised fifty six million i think i would say this is a great a great company to to to get a job at and like if you look at their like founding team it's basically one two three four five sixty seven there's eight people on the website so you know you join early enough and you you know you you're not like employee number number eighty nine or something like that employee is is a pretty pretty sweet place for a lot of people who you if you're gonna have a job this is the type of job that that's pretty fun right yeah i think this is awesome this is sick a debt a adapt and that's a stupid name of debt depth i think let me invest let me invest sam you're in the index funds you can invest in this you i don't wanna invest i just wanna you put all your money in the seven a half percent i'm gonna go ahead and invest in the future of all like you know artificial television who did they raise money from it's like grey lock and i think scott be keys in this actually i need to hit up scott be and be like he make an intro please because i think he's an investor in this alright well this is awesome dude it says they're based at a nic we'll red a little straight that's weird right yeah what am i doing with there like you know i i i mean i i can't even think of a single plausible reason for that like do they looked like an asian guy who worked at google i don't think he's from nic yeah fred what are you doing what are you doing down there this is like he's like he's little nile river to do like google are supercomputer whatever yeah that's a little interesting to me like i threw in that nile will reference you though it's not nic out just so that the comments will all correct it and we go up the algorithm they don't they don't know about the intentional mistakes that we do yeah i don't i i'm not smart enough in south america geography to even correct you i well i had to learn from all of our tiktok that go viral it's because there's like one thing we say them that's like irritates people that it's incorrect and everybody has to comment and so the tiktok algorithms like must be a great video and it's like millions of views so like on the the same thing happens on youtube too well i think it happened on like the one where you're talking about like mellow ball or whatever the fuck his name is lamar ball or something and i didn't know like any of their names and i said the wrong person's name and everyone like you're an idiot this kind of do anything yeah and know and it gotten like ten million views i think like you you you could be like you could start a newsletter and make millions of dollars in under three years they're like yeah right no no no fucking way man it's like judge you literally did it's not hypothetical it's like you literally your story and they're like do this bro trying to tell us how to make money it's like alright you live in the tiktok comments we're sam whole thing people were making fun of me because i said if i could do it i was like if you're twenty one just go and start a blog you know it's a good first business to start and someone commented who the hell reads blogs what does this gels in fifteen and someone said that they're like what what blogs do you read i'm like like cnn fox news like like any website that has information that you read on a consistent basis right you have some stuff on this list that i wanna know about just a call to action it says need to start working on new year's plans now in all gaps get these implemented so dude your you i think that starting a new year's thing on january first is kind of the most small boy thing you can possibly do it's like could you be more basic just if you have an idea started now why are you waiting yeah like at at the worst you have to start at december fifteenth and i'm a big fan of goals i write goals i rent my goals out i tell them what my wife what they are and so like we're on the same page i tell other people what they are you gotta have goals and i break them out to six categories face how does the wife react you just say my goal is eight percent body fashion she's like oh mh okay look dude the fitness itself women don't give a shit we've talked about this ripped the only people who care about being ripped or other dudes so like i've given out trying to or other ripped guys yeah i've given up trying to like make my wife like me physically like any more than she already does that that will never happen so you know the fitness thing is for me and impress other men so that's all there is to that but i have the so the first three categories of the three apps family financial fitness and then mind adventure and other so let me give you some examples so financial that's easy so how much money you wanna make you wanna make money from different projects things like that family for us it's like you know like for me like i like going to couples therapy do you do you do couples therapy no never dude you should it's awesome it's just like just like fitness it doesn't matter if you're ripped or not ripped like you exercised you gotta do it know my wife is old school she thinks like you know she's like yeah derby is great other people should do it but if i suggested it's like oh you're saying we're broke yeah she's like there means great for freaks you know like it's it's really wonderful supportive of other people doing it but if you dare mention that i will take it as a personal assault yeah you should do it it's awesome it's a fun way it's also it it's just good i i think people should do it fit fitness is easy that one's easy but then mind so for mind it's like how if you wanna read books throughout the year for me i wanted to have more fun this year because i was pretty up tight leading up up to this year and then the fifth category is the really fun one which most people don't have which is adventures so for me i wanted to do like a car class like a driving car class i wanted to go hunting i technically i didn't do that but i didn't go fishing i wanted to camp a couple times fishing hunting does it is that the safe thing i went to whole foods so they have the say thing i wanted to look something in the eye kill it and then put it in my mouth that's a that was the goal i wanted to kill something and then consume it and i was unable to do it with an animal that wasn't you know that was on land so anyway these are my six categories are you gonna do that this year are you gonna create some categories or create some goals i do i do it a little differently but i have a very similar it's just it's the same idea just a little slightly different frame but i do basically i score myself health wealth fun or like play is kinda that one and then love and then the last one is like self respect like how do i view myself and so those are my five categories and i basically say on a scale of one to five where how would i score myself currently the present moment and then what would it take to be to feel like it's a five what would make me feel like it's a five and i start to sort of dream that up okay yeah if this this and this and then what i do is every three months i just go look at that score board and i say have i made progress on those like or have any meters moved up or down and that's like my little gauge it's like my my check engine lights i gotta see if there's an issue i gotta address it if there's if i making positive progress alright fantastic what was your self respect number this year self respect was pretty high was a four and four out of five so pretty good yeah that one used to be lower so like i i added it because i was like you know all these things are pretty good something feels off what's missing and i go i think i would respect me more if i was doing some things a little differently and so i said added that i go you know i don't really care you know that's one i care the most about basically you you know my my self esteem my my my judgment on myself and it's the true gauge because like even if all the surface level stuff looks fine it's like only i have full evidence of of the little shit head that i am and only i see all those moments where i take the shortcuts are where i lack the discipline or where i choose the small boy path instead of doing something more adventurous so only i know and so that's why what i decided alright i gotta i gotta add that to the score board this is the most bro thing ever but on joe rogan podcast guy ritchie you know guy he directed like snatch and these other movies yeah he goes i live life as if i'm the director of my own movie and he said that line and it was awesome that's a really cool line and so that's why i created an adventure category because i'm like dude i'm such a bitch i just sit out my computer all day like i don't do anything like sick like i'm watching this james bond movie he's like blowing shit up in an aston martin i'm like this is way so much cooler than having like a shopify store like i i need to i need to do more adventurous stuff and so i think it's good that we both have adventure or fun you gotta call yours the the four f so family financial fitness and fun that'd be way easier to remember and then some respect yeah the f system sounds yeah yeah it it four four simple steps to financial and trademark debt that's good freedom up yeah freedom was only four f's away we got slogan but that's worst let's go that's what it needs to be i actually thinking about doing this i actually was i don't know if people would be interested in doing this it's not really like it's not really like worth my time but i kinda wanna do it anyways which is like i wanna do a it's not a course what do you call it when it's like like michael jordan used to do this we're in the mornings he would go work out at five am or six am and he called at the breakfast club and he was basically just like like he started doing it alone and then some guy saw like walking through the the hotel that you know because some guy came back from partying and saw michael jordan go to the to the gym he's like what are you doing mike he's like yeah i out every day if i am you should come be here tomorrow and then the guy came and then slowly but surely the whole team ended into the breakfast eleven and they had a great year they won the championship that year and i kinda wanna do that for kick starting the new year which is like first of all we're not gonna do a january first but i just wanna batch of people who all want to like level up in their you know they're four f's basically dude did i thought about that this just be like y it's a group and we're just gonna be here we're gonna be together for like ten days or twenty one days or something like that it's like we're just gonna get hello momentum off feeding off of each other other's like progress and energy and it's just literally gonna be like you know you put in i don't know like a hundred bucks and you join this group chat and then i will every morning i will drop kind of like something that's high energy to spark the group and then you just check with your shit and it's just a momentum club it's just for people who wanna build massive amount of momentum so i kinda wanna do this i i actually really just wanna be a member of one but i don't think this exists so therefore i think i might create it and i might kick it off like you know whatever december fifteenth or december like twentieth or something have you heard of seventy five hard of course yeah that's yeah that's the inspiration for this this guy's is crazy so his name's i don't know his last name andy f i andy for sell so he basically has like a supplement company and if you look at the podcast charts this week you and i were like number twelve or thirteen this guy's always like number two or number one so he's got like a pretty big following and he's he's i think it's a daily podcast so he does a pretty good job there but he started this thing called seventy five hard and here's the rules if you skip a day you have to start over if you miss a task you have to start over at day one you have to pick a diet and follow it and no alcohol and no cheat meals you have to drink a water a gallon of water a day complete two daily workouts that are forty five minutes each one of which has to be outside read ten pages a day of a non fiction book and take a progress photo every day and you have to do that for seventy five days and he's killed it if you look at the app downloads it's like ten bucks for five dollars or something for the app there's thousands and thousands of reviews he's totally turned this into a movement he's done a really good job at that yeah yeah that's i think that's like the a plus version of what i'm talking about mine is way simpler because i'm not trying to work out twice a day and like you know carry a a gallon of water around or whatever it's more like what is one simple thing i can do just to create momentum because i think most people assume the answer is so hard that they literally just do nothing right it's like if you're not working out you don't need a workout plan you need to walk to the gym and like be in the gym for five minutes ten minutes i do all push up like like just a full sensei forward progress and and more than anything usually it's like especially with the new year's stuff it's like figure out what even what even do you really want do do you have enough clarity in what you really want where it's like on the tip of your tongue and therefore your brain is recognizing opportunities to achieve that thing all day right if it's not on the tip of your tongue then your brain's not gonna be seeing it at you know seeing those moments or those opportunities were it to happen i'll give you an example of one of these like my trainer so i move my workouts to the morning so now it's great start my start my day wake up literally good to time garage eight so at eight am is the start of the workout so i do that right before i do this and he always gives me these little stories but i turned them into games so he'll be like dude on the way over here he's like i stopped at whole foods or whatever and this like old lady like clipped my achilles with her cart and my initial reaction was to be like what you know like he was you it's like if you if you get you know flat you know flat tired in the back with this car i dude you know what's what you're doing look he's like look back it's a grandma i had to laugh at myself or how mad i was gonna get for nothing and he's like so i decided i was like alright before i leave whole foods i gotta reverse the karma i'm gonna light someone up today he's like i'm i'm gonna make somebody's day right now like somebody is gonna have a laugh because of me because of how you know i i was in this mood i'm gonna switch it and so then he tells me the story of how he did it and i'm like that's a great little daily like one daily challenge for me today i'm gonna light somebody up today and i'm gonna make their day i'm gonna make them laugh i'm gonna do something unexpected that just makes somebody really really happy and then i took that as much my challenge and like by by noon i had done it and i was like that's just a little thing that wasn't gonna happen but it was a lot of forward momentum towards something that i personally care about which is being that type of due being that type of duties in that type of mood who put it's contagious with other people when i hear lights someone up i don't think make their day good i think it'd the opposite well yeah there is like we're not playing halo here whatever we go like people i was light about but like you know brighten their day i feel that well i think that's good let me know what you're what you're you how you could organize it now that i said i feel like i to do it i this was an idea that i was not gonna do it until i just chat rope dope into doing it here on the but okay well we'll we'll do okay do you have anything else on this new year thing that you wanna talk about no i just think that we we have to make goals and we have to make them and you you you have to decide and start acting on them before january first doing goals at january first week that's nonsense that's nonsense we can't be doing that you know we did a spartan race i think together but they that one in tough motor they do this thing where before you get to the start line like i like i'm here to do the tough motor race you go you're trying to get to the starting point and there's like a wall you gotta climb just to get to the starting line and you know it's sort of like laugh is like stereotypical thing but it's like yeah but it's fun but it's fun and it's it's a it's a line in the sand it's like either you believe that this sort of thing is awesome or you should just leave now honestly if you're like and i can bitch about the wall before the starting line well guess what happens after the starting line a bunch of walls and a bunch of obstacles and adversity that's coming your way and if you aren't willing to do it before you know to go before go like you know the you're not this is not for you and i just love that like i remember filing that away in the in the mental swipe file of like that's how you build a brand is you like you think about what would be the way that we would do a starting lines do before you can get to the start line there's an obstacle and i i remember thinking that so that's kinda like the new year's thing to me there's like the the starting line is not january first it's now yeah whenever i create like you know everyone has this thing where go i'm eat healthy starting tomorrow and that just says to them like alright i could pick up now but i'm gonna start tomorrow and whenever i think of dieting i'm like no whenever you have the idea to like i'm gonna do this you have to actually start this second you can't that same thing and but i'll be like i was like if i have the plate in front me like i'm already feeling guilty it's not finishes me and start healthy tomorrow it's i have a physically go take this plate to the garbage cannon and throw it away but first and i take the last bite like i'm a prisoner on death row and this is the last bite and i just savor her that last bite like it is like every particle of that bite is like my heaven and then after that bite you'll throw the thing away that's right you gotta start right away so that's my whole thing with goals if you're gonna do them you gotta start right away what what's this are what what do you wanna go what's the most interesting thing arbitrage that in money quote automatically have me interested okay let me do the money quote real quick i saw this and this is something that i would say like resonated with me as a lesson for the year right we all know your boys lost a lot of money this year we know we know what happened we know that the that there there is such a thing as the is the risk playing out this year and one thing that really stood out was what i read this quote i read on twitter i i'll read you the way do you feel about losing money are you actually upset look nobody nobody likes losing money i don't like losing the money but adversity is my opportunity so do you go to do you go to bet do you do you go to bed no okay what's that gonna do well most people if people that way i'd be like what's that gonna do for me and then i would stop okay so you're you are worried but you're not that worried you're sleeping fine so no worry worry wouldn't even worry not even close it's more like the if there is an emotion that i would feel that's negative it would be like oh shit or off fuck right like it's like well is it out of fear or out of out of like chicken myself like dang i made a mistake or maybe i should have thought like you're like ashamed of yourself you're like you're just upset that i made a bad yeah it's like oh you know so like if i'm playing ping pong and i hit the ball into the nets it's like that was an un unfortunate it was an un forced error could i have done something differently could i have shifted my angle slightly could i have taken a little less power on it or whatever right like there are things you asked yourself could i not have read the signs differently or hedge or done certain things in order to protect myself but but do you feel pressured now that you gotta go make that up are you like shit i put all this work to get the initial thing now i gotta go and put more time to go get it back no no because see this is the good thing about playing being a poker to degenerate for so long is like i've already gone through that like mental like trap a thousand times so i know how to i know how to get out of those handcuffs like if you play poker you you will on a weekly basis have this feeling of like oh god i'm on a downs either because i'm playing bad or bad luck or whatever and then the urge just to get it back and i've literally been the dude who walks to the atm at the casino and it's like would you like to pay the seventeen dollar service fee i'm like fuck give it to me and then i like push it i get the get the six hundred dollars out and i hit the max and then i'm like alright i got six hundred dollars i'm three grand in the hole and i gotta get it back and then i lose the six hundred and i'm like well later that night as i'm reflecting in my comp hotel room because i lost so much money which is the ultimate backhand to compliment where they give you a free free room they're like please start come back tomorrow we we would love to take your money again they're like don't go home they're like as i'm sitting there laying there and i think to myself you know what i shouldn't have gone and got that extra money i should have cooled off i should have gone with a clear mind i should have you know gamble at the right stakes so that i wasn't trying to wind it all back in the next hand or the next hour or whatever it is so playing poker online and offline you know i've done a lot of the rookie mistakes hundreds of times and at some point you realize okay gotta manage my bank role properly so i can't go broke secondly if you lose you live to fight another day go clear your head change your state don't come back and gamble right away second like the money you're playing with now is not to win back the money you just won or lost so if you want a bunch of money that doesn't mean to play reckless now if you lost too much money that doesn't play play desperate now like you have to play in isolation have to play the odds and you have to play you know the best game you can is just try to make positive decisions so you learned that in poker now for me with business or investing that's all like baked into my dna because spent like ten years doing that that's sure alright well and so what about the money quote alright the money quote is this for i by the way this was i just saw this twitter i don't know who i don't know the source of this is from a book so it says for one thing we usually act too quickly when we're trying to make money and too slowly when we're trying to protect our money if you're pressed to make a decision ask yourself am i doing this to protect my money or to make my money more make more money if the answer is protect you should act more quickly if the answer is to make money you should act slowly and i don't know but i don't know if this is true for you i think you're wired quite differently than me but for me this was like you know like when you're were in a room and you say something you found echo spot and it just bounces on all the walls if you hear it a thousand times why because what do you do when i feel like there's a moment to make money i act very impulsive quickly i kind of i'll not put as much thought and research or diligence or patience into making decision i won't sleep on it because if it's making money i try to strike while they're time and that's every email well in some ways but it's also been the source of many mistakes and then there's the other side of it when i'm trying to like protect money so for example i'll tell you in the crypto case right now it's like i i saw in her because we were doing the milk road we started reporting about these like collapses before they happen like the lunar collapse spread before it happened the celsius one before it happened we put it in the newsletter the f t x one and in each case i kinda of was like now let me see how this plays out when the the prudent thing to do what been gonna act more swiftly and say hey just out of an abundance of caution let me withdraw my money out of this thing or let me place a hedge let me let me do something to protect myself here and i kind of was just like let me sit back and let's see it when the action arrives then i'll take then i'll put my my dukes up right and in reality so i've learned that for me this is a really good rule of thumb which is if i'm trying to make money that's the time to slow down be a little more diligent if i'm trying if it's about if i'm in a protect money mode i should be pushing the action and acting more decisively and quickly because my nature is to do the opposite did my nature is to do so i'm pretty slow when it comes to money making stuff i'm like no i'm gonna like actually assess if if i wanna do this if if if it involves like a business that i have to operate or think about i go you know do i wanna do this for a long period of time let me actually reflect on this but then when it comes to selling and protecting i don't i don't so like if i buy a piece of property or something like that and let's say it's not working i'm like i don't care i'm holding on to this if i if i own like some type of public equity i go i just pretend that it like i just can't sell i've never sold the a stock in my life and i'm not sure if that's you've never sold a stock never i don't think so i don't think ever it's not one ever maybe when i was fucking around i was like trying to create content for the podcast when the amc thing happened and i think i bought five hundred dollars worth the stuff and then i sold it when i earned like a ten percent return in one day and i was just like fucking around to like like figure robinhood hood but that was more experimental but no besides that i don't think i've ever really sold this stock in my life i think that maybe my wealth manager or like my banker like does like tax harvest that's where like he's like yeah but like me personally i have never sold i've never sold a single stock that's amazing wow okay so great you're your wired very well for for success when it comes to you sold and wait wait so when you you like buy and sell like equities yeah for sure no i don't ever do that i've never done that in my life i don't think that's the right thing to do do you actually think that you're gonna outperform someone who actually does this for a living and has like twenty billion dollars or fifty billion dollars in assets well either way you're thinking of that right like what even if you don't sell you're putting your money in assuming you're i don't think i'm not trying to outperform somebody else i'm simply trying to make more money i'm trying to increase my rate of return i'm trying for to make more money or reduce my losses and so one strategy is buy and hold forever by good assets and hold them forever and another ass another one is sean wakes up feels a certain type of way and start making decisions that you shouldn't be making right like what if i told you that you're allowed to go start a private business and you're allowed to go do things like that but any profit that you make want it has to go into this pile of money that you can never touch again unless you wanna withdraw the gains but you cannot invest in anything other than this one thing but it will get a seven point five percent return every single year for the next hundred years would you accept that seven point five percent return shoot me in the head why don't you let come on what if i said you can only have white bread in turkey slices for the rest of your wow so you wouldn't take that seven point five percent return every single year no dude that is the craziest thing on earth really i would take that than that i'm not saying i'm a day trader but i guess what here's what i'm saying you i to literally not be able to touch my money forever nor would i would not want to no i mean not be able to make any decisions it's like scenario if if i if i if i over perform for under underperforming it's not even for that it's just like what's the fun and living like that that doesn't sound fun to me what but in this scenario you can go and start you can go and generate wealth but any like wealth that you make that you don't spend on things that you actually consume and use for fucking can invest in startups i love investing in startups you can invest in startups and you can't buy you it just all your money just goes you're you're basically you you you could spend your money how you want in terms of like buying homes or whatever anything that you want to have a a cool life but all of your investment goes into a thing where you don't ever touch it and it just makes seven and a half percent a a year that is do do you realize seven an half or cent is that's basically if over a hundred years that's what the markets do it doesn't happen every year you know some years it's thirty sometimes use negative twenty but i would totally take that any day the week no decisions have to be made you don't have to worry seven percent doubles every ten years put you don't of i put a portion of my money in that right so i a portion of my money and index funds that i don't touch i don't think about but all why what be all fun why am might wanna do ninety five percent what about ninety five percent no can ninety five jesus is is crazy alright so that's my best offer and i'm not giving you a dollar more and seventeen percent you have to admit so for all of our listeners here i actually think that most people might think like you at this month right now but can you and if you're listening you have to ask yourself those but sean can you acknowledge that the seven and a half intervention listen that listen listen can you acknowledge that the seven and a half percent is financially the safe and correct move like that will inter i don't know how like you know nerd bankers do the math but like statistically speaking like that is the best that is the best probability to get like a high a good rate of return no i disagree here's why that here's why crazy here's why here's why here's why i can take that money and just invest it in my own businesses i can put the capital up for my own business and grow them at a much faster rate i've done that multiple times i did that well in this scenario you can still do that i'm just saying like any profit i can't take i don't take money put in my own businesses you're saying yeah i'm saying you can start businesses but like any you you basically have two you have one account or you have two accounts a checking account that's just like for your living and then just like an investment count and then you could go and like hey i'm gonna go and start put a little bit money into my own privately health company and you can do privately health companies but you can't invest in anything outside of those things yeah so i think that for most people that is the correct answer i think that for me that is not the correct answer for two minutes most people think they are not most people which is crazy here that's true that's true for an above average person like me and everybody listening like i'm above average too the average person thinks they're above average this is absolutely crazy to me because if you just look at like all the evidence here like even no more it it is the best i and i put it into either investments that i have access to like i think my startup portfolio is gonna beat seven and a half percent average i fundamentally believe that so i'm going to put some amount of capital in that like if you're betting that your starter portfolio or my startup my angel portfolio is gonna be worse than seven and a half percent that's you could say that and it might end up being true i'm not saying it's not true i personally don't believe that's gonna be true it has other problems it's a liquid and and there's other things like that but i think the rate of returns will be closer to twenty or thirty percent and so i'm gonna put some of my money towards that i'll put some into my own businesses i might buy a business or buy a minority stake in other people's businesses that are growing twenty thirty forty percent a year and again different different liquidity different risk profiles but like i do think that that is how i would prefer to play the game and i'm okay with the fact that this might mean that i don't beat the seven and half half for i you know i'd rather be the hair than the tortoise and i'm okay if the tortoise wins at tortoise wins but the hair had a lot more fun and i just sort of believe that you know i'm gonna do well financially through my own businesses and my investments that like i'd rather do it the way that's a little more engaging to the brain that you have any any money index funds bog head or whatever you call yourselves is that yeah do you have any money and index funds yeah yeah yeah i i i've have hundreds of thousands of dollars in index funds i i i think you're create dude the way that i look at it is my privately health companies those generate wealth those generate you don't cash flow and income and then i only wanna focus on maximizing returns in that area and then the whole rest i just this thing that i don't even log into i think that's a good strategy i'm not saying that's a bad strategy i i think that is a good strategy it is just not the one i choose for myself i act i think for most you you are not most people not actually in the sense that your investments are good i do agree that they will be great but you are different from the sense in the sense of you don't get stressed out about things but for most every other per person out there i think they should one hundred percent follow my the way that i do things most people don't have a floating light bulb on their desk do they but i do what are the four most four most dangerous words in english language four zero one k let's stupid shit you've ever said we're doing first take and i'm going full skip bayless on you alright what do what do you guys so has the money quote let me tell you about okay let me ask you question about arbitrage this is actually the least i have some more well research stuff in this but i wanna hear what you have to say about this okay when i hear the word arbitrage i automatically don't love it okay might not like this question then the question is what are some of the great arbitrage is you or your friends have capitalized on and i ask asked that's a good one i've bumped into people and i've met people who i think are really good at this you're best buddy jack smith i think is very good at this he's very good identifying arbitrage and i think these are kind of a horrible strategy to pursue for a couple reasons let's define what an arbitrage and arbitrage where you recognize some inefficiency where you almost don't have to create any value you don't have to create a product you just sort of recognize that the system is slightly broken you know like you could buy something over here for x you could sell it over there for y with very minimal work in between and just pocket the difference and you're like oh wow that's amazing that they just didn't recognize this and it won't last forever but when you know when it does last you can make hay what are some arbitrage that you know of that people have done i wanna talk about those i'll tell you one that i did and i'm not proud of it but i think i'll share it anyway so one time when in two thousand and thirteen i got poison ivy and i went to amazon and i just sent it to you in this chat i went to amazon and i bought this thing called za full x fell it's a poison ivy cream and it costs around let's see what it costs it costs nineteen dollars per ounce and i read the reviews and someone said this is the same thing as mean green which is a huge it's mean green is like a tub of hand soap that you can clean your hand and it costs roughly twenty cents an ounce and so i ended up creating a website and i called this product it's juice and it and i bought a that like a fifty gallon the tub of this stuff and it was like a quarter ounce and i rep repurchase it and put an juice label on it and i sold it as poison an ivy treatment and i made thousands of dollars when i was in college and you know and then i shut it down because i thought this is stupid i'm not gonna become a i'm not gonna start a company called the shoes and so that that's what majority did actually yeah i i i ended up shutting diet i thought it was so stupid but that's one example of an arbitrage that i've personally done what's a what's an arbitrage that i've seen other people do i don't know i think jack told me about one of well jack told me about a few that he's done but i think one that he's done that i i i i vaguely remember i might get some details wrong here but for a while jack was very very active on rally road rally road rally road or otis these bay basically these more plates was the number one user yeah you could buy like fractional shares of unique items so you know like original box set of harry potter or like this rare pokemon card i you could buy these collectible it was a it was a place to buy collectible and you could buy full or fractional shares and jack was extremely active on these and i thought oh jack didn't know you're such a big collector and he's like not just you know it's thought is interesting and i noticed this opportunity i think what jacket set up with and and by the way with rally road you can buy things that are like nerdy things that mostly boys like so it's like you could own a a portion of a nineteen sixty five ford mustang you could own a portion of a nineteen seventy seven elvis presley last life performance ticket or this rare andy war hall painting things that are like pop culture sometimes manly man stuff of which jack is not like a traditional manly man and i'm like jack he goes yeah i told him about like some jaguar card he goes oh the jaguar f one like yeah i own a part of it and i was you like that he goes no i don't know i know i don't i didn't even know what it was i just thought it on a spreadsheet yeah exactly that's how he so i think what he was doing was he recognized that these platforms would have what they would call like an ipo or something like the initial public offering where they would sell the thing and it would happen and it's like this moment and then you could be you could bid and you could buy and then they would like the new start trading and he noticed that like there was just more demand than supply for those things and so he created like i know a bot or like a a set of human beings that would like go by as much as he could in the ipo and then he would just like immediately flip it right afterwards and he extended of that i think he had like at one point he had a team of people in the philippines that were just constantly searching for oh i can share all this i this wasn't like a secret right he's i don't think he's still doing it yeah so he had a team in the philippines as that was just researching and they were like highly competent people they were researching ebay and they would find what every like card is trading for on ebay and then they would just scour and place bids to buy below that price and then flip it on ebay and like he just had this like small a eight person operation that was just buying and selling these cards know as long as it was under under the the ebay price by certain margin of safety i think he was doing that something like that and by the way think jack smith you you can look him up on youtube he's our good friend he started a company that he sold for eight hundred million dollars when he was like twenty nine or thirty so he probably had millions of dollars on these platforms yeah yeah i think he spent millions of dollars on these platforms and so he was kinda doing this at scale and i think he was making a pretty crazy return doing this i think he was making i don't know i wouldn't be surprised he was making forty to fifty sixty percent returns sure on these on these on these items and he was like scaling it pretty well and i was like check what are you doing like you know a eu genius how did you even see this like how did you even see this opportunity why why did your brain even look at this secondly just the balls to actually go for it and like set up this operation and like yeah put a significant amount of money in like god that's so different i've never done something like that on a non business this is like not a business this is literally just like a arbitrage and then third like it's what you do at your time do you find these like cracks in the system and just exploit them these edges and i think that's what he does i think he is like an edge seeker and he just finds edges and then he exploits him sometimes for profit and but mostly for amusement it seems like like when when we when i ran the hustle i wanted to have a weekly thread or a weekly column called jack's hacks and he would just talk about all like the interesting stuff that you'd find i mean if you would go to jack's house he would he had moved into this part of be be park because he had a rental that a a home that he rented that had a garage and i was like jack you don't even out a drive he didn't get a driver's license until he was like thirty was like jack you don't have a drive while you need this and he goes oh that's where i'm gonna keep all my amazon stuff i was like what and it goes check this out and he showed me the spreadsheet where he would buy ten to twenty versions of anything that he wanted to buy as small as a razor to a carry on luggage to a like any type of suitcase to like chocolate the da keto products he would buy ten to twenty of every single one and he would test all of them pick the one that he'd liked and then return all other nineteen so much so that he had to create multiple different amazon prime accounts because they kept banning him this is how like wild he he just loves doing these unique crazy things and just like finding the edge finding the best thing and so if you say jack what's the best carry on luggage she'll say oh it's this camera bag well why is it a camera bag well because camera bags typically have more volume so this one holds leaders as opposed to forty eight liters because it doesn't have like like like he does things like that he's just unique he's yeah he's nuts and so there's that and then there there's other ones that like you know just give another example i saw this i think i saw this on instagram or take tiktok or something like that but this is another example of an arbitrage this is why i wrote the word down i go arbitrage just crack me up so somebody has an etsy store and i think they're the number one result if you search mona lisa or like mona lisa photo print or something like that and the basically what it is is it's a account that will send you like printed out framed picture of the mona lisa it's like fifty dollars fifty two dollars i think and this etsy shows you how much sales a single store has done and this store has done sixty five thousand sales and so you just do the math you realize this person has made a million dollars selling this mona lisa print and then you look at it you're like oh i think they're just drop shipping so i think what they did was they just had the top listing for mona lisa etsy either because they were early or they bought it i i'm not sure exactly how they got there right i don't have visibility do that but then as soon as you placed the order they just have like a like a zapier integration which just goes to like the it it goes to like you know what's it called like the printing website yeah what one of the printing sites print full right it goes to print full and it just automatically places an order to your fills in your address for that print and it has a spread like it only cost them whatever twenty bucks to do the thing and they sell it for fifty two and they just pocket at the difference i'm looking at them now and you know visit this is another arbitrage but they're not like creating a ton of value they're just sort of like connecting these pipes we have guys sixty eight thousand sales vintage wall graphics yeah and so it's sure that they're just literally like automatically like going and and doing a a drop ship model where they print they print the order through one of these these platforms and then they could always do the printing themselves if they want more margin but like if you're just lazy arbitrage this is a great arbitrage to pick up and then there's all these little places where these arbitrage exist and you know i i start to think about those and i wonder who are these people that spend a lot of time looking at this and is that worth it now i'll tell you why i don't think it's worth it's tempting to do for me for one reason which is there's a sick pleasure at making a bunch of money with a very extremely low amount of effort of just it was your clever that that drove this it's also fun to tell these stories if this is something you've done so it's nice to have one or two of these in the bag of an arbitrage you've done just to have the story i feel like it's like a badge of honor for for a certain type of entrepreneur and the last thing the you know soon as the positives the negatives are these arbitrage don't last for long as soon as they you know get exploited you know then the second arbitrage comes by starts doing it and the edge goes away the window of opportunity closes so you're kind of hunting for a long time then you find something and it's probably not gonna last for a very long time so that's i have a friend who who raised tens of millions of dollars for a startup that was one point valued for for hundreds of millions of dollars and whenever i hang out with him the most exciting thing that he tells me about is he started a side hustle for fun because he build stuff and he created an epoxy business you know what epoxy is i think that you use it for like yeah floors or for like if you're making a table you like it's like a sealer he has an epoxy business on amazon that makes him two hundred and fifty thousand dollars per year in profit on very little work and the we don't talk about startups we talk about his epoxy business and that's like the most exciting thing that they do and i think that for i could name a dozen or so people who are worth nine figures a hundred million plus and or people who have made tens of millions of dollars it seems that a lot of people who are worth that they definitely start doing things like this so whenever i meet someone who's doing something like black hat or gray hat or even totally white hat but it's like oh that's kinda lame i i always think like well but that's oftentimes how the great start so like most everyone who has made money in the internet like even if you look at like airbnb like if you look at some of the early tactics that they use even though they're are great wonderful ethical publicly traded company now like they still did weird shady shit in the beginning and i think it's just a rite of passage where you're creating cool shit is to do like you know gray hat yeah i i don't think all like i i don't i i doubt elon has has you know done some random mask like you know arbitrage on some dating site or something like that no but done dumb shit he still does dumb shit but he sells like stupid stuff well there's that but like i guess what saying is i guess i would put differently anyone who has done that i'm like you have what it takes like exactly it's not that everybody who's who makes it big has done that but ever ours i don't say a large hand yeah yeah and and has a very high likelihood of making big it's just a matter of time until they start to apply their talents into that and you don't into that realm and like we have this friend who who who we met your thing say sci who owns wp beginner and all the an awesome this corp i think it's called he probably i don't know how big it is but it's probably like worth hundreds of millions of dollars i want i wanna get him to come out of the pub so he's this guy who owns this like wordpress it's called wp beginner it's like a blog that blogs about different wordpress plug ins and stuff and then he eventually went and bought the plug and he like now is like a plug wordpress plug like mafia like they own everything you think of and it's huge it's a huge thing that he owns and he was telling me some stories about how he started and i'm like oh this is just a same story i've heard over and over and over again like something like not like scam but like know it's something like you're just like doing normal internet marketing stuff like you probably were an affiliate for some product that you thought was stupid but i just made enough money that you learned oh i actually do this but for things that can last along a longer time right you know what i mean yeah i think one of his also was like he went and changed his grades he like hacked in the school system and changed his grades or something like that so yeah i don't know if that was a real story or a fake story but i loved it yeah like if hear stories like that just like oh like you definitely have what it takes right alright let's do let's do dozen you got anything else or you want me to do one do you know any of the details about pipe i don't know the detail i don't know i know what you know i know what's you're from our group chat so i don't know any more than that but kind of a strange situation the i guess for those do know pipe is this like cool cup cool idea basically if you had like subscription revenue like oh monthly monthly recurring revenue they're like look we'll pay you out if you're gonna make a hundred dollars at the end of this year if like on that on that subscription we'll give you ninety of it upfront we'll keep the extra ten as margin and we'll like you know so you can get financing you get basically a pay advance on your subscription revenue and then they were on the other side they had like banks and and you know funds that wanted to buy these assets they're like oh this recurring revenue is a asset class like real estate like anything else you should be able to buy bundles of recurring revenue for a discount for what it's worth because they want money upfront to use to grow and you want this cash flow and so that was the idea great idea raise a bunch of money gets valued at two billion dollars it's considered like the like one of the hot like winners pipe was like you know a huge thing and then suddenly it's valued at two two billion dollars after nine or twelve months of of existence yeah gets huge and like i used it for example like with my fund i it's like you get these management fees like you could pipe them and have them all right now instead of waiting it's like oh yeah i'll push this button instead of weight wait that makes sense to me and so cool idea now this week for some reason all of the founders stepped down and is y generally speaking bit of a red flag all the founders stepped down and they're like hey we're gonna hire new people but they don't have them in place that was the part which which is a little bit strange so first the strange that all three founders stepped down at the same time then the strange that they didn't have replacements in in in lieu ready for it and so people think you know play pipe might be imp i i don't know the story and did i miss anything there well the rumor was see someone tweeted it and actually got deleted i don't know why but the rumor was basically and this is one hundred percent rumor and the founder actually came out and said no that's that's nonsense this is completely untrue but basically someone treated four people and now have shared what happened pipe ceo loaned eighty million dollars to a bitcoin mining company didn't tell the board lost it all board fire ceos ceo months ago they had already sold a bunch of secondary shares and may have taken personal loans out as well which if all those things are true that's horrible founder has said no none of that's true other than the second which we've made public that we did in fact sell second but just the juicy interesting story that we'll have to wait and see how it turns out i would've have thought that you would have known something yeah it hasn't played out yet i don't know you know sounds like bad news and you know it's it's not relevant to me so i you know i stayed away for it for for that but what we'll see we'll see i'm sure this will come out i don't think you can keep i don't think you can keep the cat in the bag and this type of thing oh by the way what happened with your thread about andrew chad with jason cal i saw something popping off and i didn't know what were you were you in harm way do i to get in there no i appreciate that see so here's what happened so two years ago andrew chen who's a partner at a sixteen z him and i were at a mutual friend's house when a storm came and i thought it would be and i asked like advice i was like how do you angel invest and i purposely had like a sarcastic funny opener of like i spent seventy two hours trapped into closet or trapped in a an apartment and it was like supposed to be funny but it's kinda hard to be like to tell sarcasm on twitter i guess and at the time i tweeted out his five like rules and like a lot of people hated them one of them was to run towards the heat so hyped companies but that's like a good way to angel invest because hype is real whatever and i said these are what he said and then today or sunday someone tweeted out and they said cheers after this tweet and this is why we are left with f t x bird scooters what are the other ones fast fast yeah pipe and a bunch of other like high profile things that haven't done so great of which i andrew didn't invest in one by the way not one of those but anyway and they took a screenshot and they shared my tweets and they were kinda making fun of me and then jason cal also shared the same thing and i thought he was making fun of me so i started chirping back at him and then he dm me and goes i wasn't to make fun you i was just trying to make fun of andrew basically is that's not exactly how we said it but that was the yeah applied thing and i was like well i didn't i didn't sense that from you and he goes well i'm sorry you felt that way i i all love and i go alright that's fair we're we're cool and so i i didn't no i didn't pounce but we we're we're cool i i got i've got nothing but love for him you make fun of those guys all the time or cha off at least i've never once if you go back and listen i've never once made fun of any of them i like jason he's been nothing but nice to me throughout my career but i i was holding back and i'm happy i did so we're all good yeah but i i got little throw down on those types of things though i am i am ready to throw down i like one guy i was like you know i dude i know i see you in austin i'm gonna see you again just so you know and like i i'm more i'll see eagle i'll see you around austin because instead a threat you go no i live in austin too i was like i think that was a threat dude i by the way i will i'm i've i've done i've bit of jail i do i've got bit a bad person in my past and i will never break the law again my goal in life is to never break the law i will never i am totally a pac i i do not wanna hurt anyone so i will my intention is never to do anything wrong i'm just saying like if i see someone i'm gonna like be like hey you are being rude to me online be rude to me now i'm not gonna hit anyone i'm not gonna hurt anyone but i i no problem confronting someone and that's how it should be right sure yeah if am i wrong for me i can do people like past i've been in jail i'm not sure got what i'm saying is i when i used to get in trouble i promise i go i don't wanna do this ever again i don't wanna do anything bad i don't wanna hurt anyone i don't wanna i what you do for would you train like you're preparing for a fight yeah i do but i don't i i i won't i like i will never hit someone i would i'll let someone hit me a bunch before i read it if you did you'd win the fight i would hope so i would hope so at least against someone on twitter more likely than that if you got a twitter account i could kick your ass yeah you're one of the three hundred million people on twitter then there's a good chance that i will come on top and i'd always but i don't know am i wrong for reacting reaction to these people i thought it was i thought it was hilarious but then they're like down on the sea you in austin that should've been that should been yeah i'll see you around not i know i'm just saying we live in the same town that's not what you were saying why did you change change i'm not gonna age i'm not gonna inc myself you can't inc yourself man i've learned enough no for real yeah you can't accommodate yourself and then some guy was like yeah you you're like a just own it you're a get rich quick type of guy and i said name one example of like could it be this example where i replied to someone and said best way to make money is to work forty hours will week on a company that you start for fifteen years is that a good example of mike get rich quick like mentality yeah show me an example and he's like i guess i guess you can't show me an example or he said i can't show you know well i don't podcast my first million yeah i'm like what does that have to do with getting rich quick and he goes well i just i can't i can't find an example so i just said thanks for the apology bitch like that that's just that's good enough for me that's all i need i'm just a petty sort of a got yeah i you know what i mean i'm just petty sometimes but whatever it's all good should i not react to this stuff is this below me no no it's good it's good i enjoy it i'm here for should you no of course not but like do i want to do yeah i do do you ever react to it there's been a few situations where i've argued with people but you know yeah you know it doesn't really get you anywhere and also there's been some there's been many like i've sent you some of the vicious tweets that never sent or i just say look this is a screenshot send it to sam you don't push send on this one because you know t type of light someone right you you you're not trying to do that right now don't don't do that but you know taylor did get it she did get it she was called the journalism and like you know she never really covered for that i don't think so at this point i i don't even wanna make fun of her anymore like it's like make a funny of kanye it's like you know you're working through some stuff we gotta i don't wanna i don't block me i i haven't paid attention issue working through some stuff is that what's was happening it appears that way like there was like videos of her crying about how she's like getting so much hatred on the internet and i'm like oh that that could wear you down i don't wanna i don't wanna even i don't wanna pile on you know yeah should be like it's like making fun of kanye it's like you know that's you you don't make you don't call someone in idiot when they're actually an idiot you know what i mean that's true one of the golden rules of my person yeah yeah you don't make fun of you don't call it crazy person crazy you know what i mean you just don't do that so anyway we it looks like she's working through some stuff so that's why i same there's a few other people like that who you and i know of that i'm like this crossed the threshold we can't mock them anymore right right alright well get well soon taylor and kanye and anybody else out there who's who's genuinely go into through stuff and it's not all in good fun anymore alright fair enough that's a pop i feel like i could rule where i know i could be what i want to put at all in it like a days on a go less travel never looking back

Episode Notes

Episode 391: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about their new favorite AI tool, how to make money from arbitrage, goal setting for 2023, and more.

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Links:

* Character.AI

* Adept

* State of AI Report

* Vintage Wall Graphics - Etsy

* Pipe

* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

* Want more insights like MFM? Check out Shaan's newsletter.

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Show Notes:

(03:15) - State of AI

(20:00) - Sam & Shaan's 2023 goals

(46:55) - Arbitrage

(01:03:11) - Clapping back on Twitter

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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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Additional episodes you might enjoy:

• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits

• #209 Gary Vaynerchuk - Why NFTS Are the Future

• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto

* #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett

• ​​​​#218 - Why You Should Take a Think Week Like Bill Gates

• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More

• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

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