"The Real Life Ted Lasso," Martin Shkreli, Liver King, and Other Cult Leaders

Date
Duration
71 min
he said that he was selling a hundred million dollars of liver supplements so basically these pills where it's like instead of like eating liver just swallowed this pills right and i looked it up on amazon and i i did a bunch of research and i think it's true i think it's one hundred percent true i think that's how much he's selling in in in these amazon's stuff supplements alright so so we're doing something so the the contest is this so you go to our youtube you find our full videos and you chop them up into little like ten fifteen twenty second clips whatever you want and you post on social media tiktok the best one but and you use the hashtag m clips that's m clips with an s and you just use that hashtag and we'll find you but basically the people who make the best videos typically the best video means the ones with the most views but last time we actually gave it to someone who had the most views and then another person who had just cool videos anyway you turn these episodes into small clips use that hashtag and we'll give you five grand based off of quote the best ones and we're just gonna pick what we think is the best last time i think that we give it to two people or three people last time i think two at least two people won last time and it was a win win right like their channel blew up they had like hundreds of thousands of views on individual videos i think someone did a million total and and they won free money so it it's good and the guy who won or i don't know he was one of the guys who won he built a business around this it's now doing a million a year in sales or or north of a million year like it's doing like eighty thousand a month or something and he came full circle he emailed me the other day being like hey think i could help drive some growth to your other to milk road would you like to pay for this service so i was like honestly yeah i would i would like to pay for the service like good on you for turning this find like this need that we had as a need everybody has which is hey we make a bunch of good content can you chop it out package it up find the good bits and get help them you know see the light a day so that we get more exposure yeah so it's a it's a good idea for everyone so that's why you gotta do so there's details on m m pod dot com slash clips if or if you just go to m m pod dot com you'll see the details but it's really simple just chop up our clips or chop up our videos that you see on youtube use the hashtag m m clips on pretty much anything any social media site but honestly just use tiktok it's the easiest one to go viral on but if you use it there we'll find you and then we're gonna dm you base if based on if we like it and we'll give you five thousand dollars very simple so sean what's up dude long term to see i missed you i know dude i feel like i wrote down so many topics while you were gone and two things happen number one i kinda forgot why i was interested in half of them so i'm like i even know what this note means at this point like which just shows me that this podcast is not just for the audience it's for me to be able to just get these ideas out of my system and have this constant muscle of of seeing opportunity seeing ideas and if i don't have this outlet those just kinda go nowhere and then they just sort of like muscle starts to die so i felt the atrophy the second thing is out of all these topics that i've been saving up like dude but sam comes back i got ammo i got stockpile piles of ammo you know like when you came back it was like you know the prep i was a prep of ideas then i just had this whole like you know underground bunker full of them and then you sent me this thing about the savannah bananas and i can't think about anything else i only wanna talk about this this is the only it is the only topic i've interested in so that's these introduce this and let's talk about this i wanna hear about your trip i don't wanna hear about your family i don't hear nothing that only set savannah bananas that's a top this is a topic that i i did the same thing so i i took like a two week vacation you took a one week vacation while i was on vacation i saw this video and i wrote it down i like i have talk to sean about this the best way i can describe this thing is it's like harlem globe but for baseball and so the story behind this is basically so there's this guy named jesse cole and he was an amateur baseball player and he got her and he was like well what the heck what am gonna do now and there's i actually don't know which league this is but it's a minor league baseball leak it's called i think it's called the coastal plains league is that what it is that's right and i i i actually don't know entirely what that is i guess is it like a minor minor league or a proper minor league i don't know i don't know so but anyway so it has quote professional baseball players but i don't think they make a lot of money and he bought this team and i bought savannah georgia had a has a minor league team and it wasn't doing so well and they're like jesse do you just want this just like figure out how to make it work and we'll just pay you or you could just you know pay us back when he starts making a little bit of money alright so anyway so they savannah in georgia they had a minor league baseball team they gave it to this guy jesse cole he bought it but it was like so little money that he like overdraft his bank account but just for by like a couple thousand dollars so he didn't have any startup up money his wife helped him do it and they start wanting the team said like you know how he's like how many great how many people like come to come to the games they're like i know like hundred two hundred sometimes it's picking up and he was like oh shit what did i get myself do yeah and they give them this stadium and it's completely empty and he's like what do i do with the stadium how do i get people to come he didn't know anything and so he goes you know what it's screw we're gonna make this one thing we're gonna do one thing which is make baseball fun and he has like this naming ceremony and they're like what are you gonna name it like the savannah like you know trojan or something and he's like no no no everyone this is i wanna introduce you guys to the savannah bananas and it's like a hilarious mascot of just a banana and they're like wait what's going on he's like no don't no so what we're gonna do is we're gonna have fun and so what they do basically is they have normal games in the league where they actually are like trying to win and like doing real stuff but at the league even at those games what they do is like the players will introduce themselves or like the empire and there's like crazy videos on tiktok the u empire what he goes down to sweep the batter box he like drops down low and they play like get low by lil john and it's just like hilarious stuff they have male cheerleader leaders they do like trick plays they have like choreographed dances that the players do in between innings they have like instead of like a like a hot like hot dance team they have like a grandmothers dance team so all the the dancers are really old and move really slow and stuff like that and then even other things at the game so he he said he goes but i got this team and he's just a baseball player right he's like i he goes i just realized like dance i don't know anything about how i'm gonna like make this work but i just put it all on the line like they basically sold their home overdraft their accounts and like they went all in on this and he's like so i read every walt disney book and pt barn book for inspiration and i realized it's not about baseball that's about entertainment and he's like so i'm gonna yeah like we're we're not here to be the most winning minor league baseball team you're here to have the most fun and create the most fun environment that people are gonna wanna feel like they belong to so he's like you know one of the things i hate about a baseball game i'm gonna do the exact opposite oh i hate that there's just ads everywhere in the stadium okay i'm gonna rip all those down and we're gonna put funny things up instead because i hate that like you know just buying like a beer like fourteen dollars just feel like you're getting gauge so they switched their ticket prices to be all inclusive so he buy ticket unlimited you food and drink or whatever it is i don't know how they do that they'll alcohol but like that's what he says all inclusive tickets and then they you know instead of you know a baseball is really slow so they're like it's a two hour like limit basically to these games and like there's no like we don't walk up to the mound and talk to the picture for like five minutes there's no bunch there's no and they did all these things to speed up the game and make it more fun and entertaining and then they also have like the normal game so they play in the league and coincidentally in that league you know they won the championship so they went from actually being the worst team to the most winning team it have lasso shit yeah so it worked but then they do this other thing called banana ball so like in between the normal games say like continue hiring the team throughout the off season and they travel from city to city and they also host this at their own league or at their own stadium and they have this thing called banana ball which means there's no bunch no visits to the mound a two hour limit if someone in the stands catches the foul ball the batter is still out well there's like a video that's like someone comes to bat on s yeah and like not the first pitch some kid comes out and throws a banana right like everything is gimmick and their social media and by the way they have four thousand people that comes to every game look at the tiktok that i posted up there did you watch them they're hilarious they're i've been seeing these over like last year or so like the the picture does like a funny dance basically before you throws the pitch and it's just like it's just so likable like this the best way i could describe it is it's so likable you you see it like wanna i wish i was there i wish i was having as much fun as those guys are having and and like i love that they don't take this too seriously and boring the way that it's so counter to everything everything else you'll see in sports did you see did did you ever know any baseball borough in college like they're always like fun loving like some type like hardcore bros like cut off t shirts a dip all the time and they're kinda like fun to make fun of because they're bros but they're typically like really really nice and very fun loving and that they're like they're the real estate guys so of of college in the sense that they're they're successful but they're the dumbest group of the jo like you know i i think it's like if you meet i don't know like i don't know who might be dumb but maybe it's like i don't know like the the the wrestling team or something i don't have way because and it the reason why is with baseball like you don't have to be in that good of shape to be awesome at it and like disciplined standing and so you're yeah what you get really good at is killing time because baseball so boring so you're sending a dug out with your boys or you're out in the field by yourself trying to unmute yourself while the ball does not come to you so that breeds a very self amusing type of person which is on it it doesn't like the bar the disciplined bar isn't exactly like really high you know like we're wrestling you have to die and like take it seriously with baseball not really as much and so this team it's hilarious and i think it's a good business i read somewhere that it was doing like six or seven million in sales but i could actually see this coming i don't know if it's never gonna be like huge huge like multi billion but i think this would be a sick thing to own i mean it's like it's like it's probably like what people thought about w c or what's the wrestling thing called wwe wwe where it was like a joke at first and then they're like i don't know man this is pretty fun and like we're we're getting into it so it's kinda like that well i i would say this is to use the alex her thing he said on the pod which was like this is a level two opportunity but with done with like level fourteen execution right like this is the best execution had kind of a pretty crappy capped opportunity as to how big something could be like he's built like if he just did this brand if if you but this level of enthusiasm and branding into like a d product or a media company or like a a casino or like you know there were such bigger opportunities and so you know this if this person ever decided to do something else you know shut up and take my money but like for now it's just like i'm glad that this is successful i'm glad that this exists this is very inspiring i sent this to to our team and i was like this is the level this is what level twelve looks like if you wanna like kick ass with like thinking outside the box and and building an epic brand speaking of level twelve and d did your interview with mo was really good i nice listen to it a couple times what is you like he's very open that's the best part he typically isn't that open like and and frankly i don't think he i almost think he was too open but like he had like made himself a target i think because he's quite wealthy and he basically us him a question that we have to ask people all the time you just said so what do you do at your money and that's all what you said and he goes well i've got a fifty million just sitting in short term bonds i've got ten million in real estate and i basically you sat home during the pandemic because i couldn't travel when i went to my mom and dad and just bought real estate online and he just explained all this stuff and was like oh man that is so sick that you're ex you're you're telling people that i knew it was good because you're supposed to be an hour and we went like an hour forty five which is like at that point it's not even cold like going over slightly over going over time it's like no you you just did a separate second podcast at the same time like i just kept going because i was like i really am interested in what this guy has to say no he was good what was your favorite part mine was okay so the money part i think was definitely interesting the part that's like i said this on the thing which is he's like i i i gave him this nickname of bare metal which is like he does business and entrepreneurship in a way that is like completely to me unnecessary but also awesome like i would not wanna do it that way myself but i love how hardcore he is about like he wants to be so close to the action he just wants action and he wants to be not just have action like i like action but i like action i like to sit in the press box and watch the action from the comfort of my seat you know and then you know be able to like you know head out early before the traffic hits whereas he's like i'm gonna go do that he's like i don't just wanna buy real i wanna buy real estate from a fore closing auction where there's no pictures on the website and i wanna have to take like you know there's one of those giant sci player things are calling and go snap the lock off the door and then go in and see what i got and then i'm gonna like try to flip this thing again and i'm gonna take so much pride in and like this being you know an extra five thousand dollars a month of of like income and i'm gonna do that forty two times this year because that's where the opportunity is i'm like holy shit like i'm not gonna do a program i'm gonna get my own brokers license and i'm you know he he was just so like unnecessarily hardcore about it that it was awesome to me he also said he said like i did customer service until we were at twenty five million dollars in sales and i had the most i answered the most customer support tickets of anyone at the company well yeah yeah yeah he said he was i did i was the only service person tell we were i i it a lower like quarter million a month which is like you know whatever few million dollars a year revenue but then he says even at twenty five million even now or something that he's like before i left i was still probably the number one agent meaning like i don't know if you ever used the gorgeous like help desk system but like yeah everybody's a different agent you could just see the stats on who's closing a bunch of tickets and it's like that to me is insane like i have a d business you know way smaller than that and i i don't know if i've ever answered customer i think the first like three months i did some customer service from my phone and then like that was it and even now like i haven't logged into the system i have really no idea what's going on but that's also why he's he him and why i'm meet like at one time he that's why he's successful and i'm happy what yeah one time at the beginning of the pandemic he was like hey you wanna go buy some credit card debt with me and it he'd like i don't know i didn't even like get into it with a much as answer was like yeah my answer was like absolutely not i i'm no why of course that and he's was like yeah we get a twenty percent yield then like i already like know how to do it and i'm like dude i just don't even wanna like explore that i don't even know anything about that and then he was like alright well i'm gonna go buy this you know i forget but like millions of dollars of credit card debt and we're gonna it was just crazy that he was saying that i'm pretty sure they own he owns like a hundred single family homes which if you talk to any a lot of people in real estate they would say like single family homes that's just it's not economical it's not an interesting thing you always should do a bigger so you get bigger apartments so you get economies of scale and he totally does like the most hardcore thing there is yeah and i think the way they bought those was like during the two thousand eight two thousand nine like crash when like you know there's the subprime you know mortgage crisis people couldn't afford their homes they so homes were getting fore clothes on or whatever i think what they did was they just drove into a neighborhood and they just walked like door to door and i think it was like oh this house for sale we'll buy this one and then the next one hey are you moving out would you sell the yeah and so they bought them all it's almost like a multi family complex like i think they bought like twenty five that were in the same neighborhood or something like that and and they did it that's like it was like their dad and then the two brothers and they just like you just like walked around and bought a bunch of homes in one summer but just like you know the best family bonding that you could think up one time i was like moist why are you like buying these single family homes and why are you selling deodorant i want don't you to do software or something that's better like an easier and he goes i'm i'm a merchant and that's all i know goes all i know is i'm a he said he's a merchant and i think i'm like the grand merchant grandfather was a merchant was i think of a i think of like a guy if i'm like the bible who like brings jesus like mer he's like a merchant you know and he's like i'm a merchant this is what i do so anyway i thought that podcast was really good that was that was great yeah he's amazing he's he's really he's really a ticket he doesn't like hold back which i think is like just makes him very entertaining too right like i told him this echo your brother's one of my best friends i think he's you know he might be smarter and better than you a business but you're a way better podcast guess because you're gonna like he's like he wants to mix it up and he wants to he says his opinions and he doesn't see why he shouldn't be saying his opinions and i love that because like in a world full of kind of like coward kind of people where it's like fear based it's really nice to see somebody who's not afraid to just say what they think and what they do and be like yeah you can make fun of me if you think and sure some of the things i do are stupid but like okay and did you did you talk about luna yet no i don't i don't think i've done a product i was in hawaii when it happened i was on a beach and then like luna crashed and i was like went to literally zero and i was like oh man like for a day or two i just like like you know i kinda fucked up my vacation away but not because i was like doing something like i didn't even have access to my like my wallet not just like on in the cloud so like i just wasn't home i couldn't even sell if i wanted to i couldn't do anything really and then i didn't wanna be doing something i was like i want to be enjoying this vacation you know what tell me what happened you need to tell me like you had told me you're like luna is kinda cool and you're you told me like six or eight weeks ago yeah actually so i did something cool too in the last few days and you'll see it come out i i i went really over the top with a piece of content i haven't done this since i did that club house thread that was extremely over the top but i was like i kindly find this entertaining and this might hit at the club boss one like really hit hit like i don't know like twenty million people saw that thing i did that again with the luna stuff where i recorded i basically i'm creating like a almost like a john oliver style show you know his show last week tonight or whatever where he just kinda like dismantle one topic for like fifteen minutes and it's like what's pepper with jokes i did that on the lunar thing so that's gonna come out last day or too but that was a very fun exercise to try to like so tell me what actually try to be funny but the story is i guess for those don't know okay so here's the short here's the short version of the story short version of the story is you have bitcoin gets big has this like anonymous creator and it's supposed to do like one thing really well which is like basically this like digital gold and then you have if ethereum gets really big and it's got this guy metallic he becomes the next cult hero first it was satoshi for bitcoin it becomes metallic if metallic solves a major problem with bitcoin which is that he makes it programmable and ethereum takes off and ethereum is more programmable form of money but both bitcoin and ethereum have like one major problem which is that they're not very good as actual currencies right they're called cryptocurrencies but you don't use them as a day to day currency you don't use them to go buy stuff and this is for like a variety of reasons right like bitcoin if you try to spend it you'll get taxed as if you just sold a home every time you do a transaction and then the merchant doesn't want it because they're like shit what tomorrow this is gonna go down twenty percent price like dude i'm not trying to invest i just need money to pay for tomorrow's inventory like i don't wanna take this in my coffee shop and so it's not really you those aren't really used so basically there was this idea of creating stable coins there's is a coin that's always gonna be worth one dollar and like this is the spoiler it's like you know you don't want it to not be worth one dollar which is what happened with with the terror project but like you know it's supposed to be worth one dollar so the way that most people did it the big ones usd t those are the two big ones they're like it's basically like a like a like a safety deposit box you give them a real dollar they'll give you a digital dollar and if you ever want a real dollar back they're like i promise it's in the bank vault whenever you need it come back and redeem it and and those kinda have some controversy because crypto people don't like it because it's like well how do i know you're not lying like how do know you didn't just take all that money in the bank vault and go spend it or invest it in some risky way and that's why people think t did does and and also they're like dude what if the government just cracks down this one company like they could just like they have to operate in some country like it's centralized so the it's yeah centralized this decent thing isn't real so in that point so okay so that's the so the pro argument for this project that came out that's the project called terra and one of the currencies called luna so the idea was we need a decentralized stable coin we need decentralized does that mean that one person invented terra and then another person invented luna using terrorist technology no tara like the name of the company terra form labs it's like a group of people who came together said we're gonna create a stable coin then the stable coin one of them like it's called us t so you think about it like the us dollar version of tara us t and so that was their stable coin that's something that's all all always supposed to be one dollar luna is the tote like luna is the thing that backs it okay so remember i said like the in the other version what backs the digital dollar it's a real dollar in a bank account and the way that the us dollar used to work was what backs the us dollar gold and fort knox right and that that was before we got off the gold standard but the idea is like what gives this currency any value is this like back currency and so they were backing it with luna and luna was meant to be this like it's like two they they basically created two coins the stable coin and then luna which goes which can actually go up and down in price as a stabilizing mechanism for the stable so whatever these are some details they're not super important to the to what actually happened so when he was one guy right because i saw it like oh but like this is a team right this is it's a company okay so just like a startup right mark zuckerberg that's this guy do quan got it so do kwan who's do kwan he's pretty interesting character right because he basically is like stanford computer science graduates he starts working on some like mesh networking internet thing like that was his first start and then he's like oh no crypto is like the future i'm gonna create this stable quo project so they come out with this idea and there's basically some people are skeptical because they've seen this decentralized stable coin this un this un collateral decentralized algorithm a bunch of buzz word but that's how you describe it stable coin fail before there was a project like this called basis cash maybe five years ago and basis basically raised like i don't know eighty million dollars or something like that from like tier like i don't horror a bunch of other vcs but they didn't even launch they were like they were like oh like that we don't know if this algorithm thing will will hold so they kind of returned eighty five percent of the money as like a failed project so that was like the last big version of this that had come out and then terror comes out and so tara the the difference was they were like look this works as long as there's demand for the stable coin and so they were like where's the demand come from and at at first this i guess i said it was a short versus actually the long version story but at first he came out with with this idea that was like look we'll use it for e commerce because in commerce every time there's a transaction you know there's like a three percent credit card fee basically we can do it at one percent if we use crypto and so it's like for a merchant that's like you know that's real money that you get to save if somebody uses this this at this option and what they did was they're like we'll pass the savings to the customer and to the merchant fifty fifty and then they like went and talked talk to all these e commerce companies in korea where they're from and they got like twenty seven large e commerce companies including the second biggest one in in korea to use them so like imagine like the the like not amazon but like let's say ebay yeah they got ebay to use it so everyone's like pretty hyped they're like oh shit this is crypto with a real world real world use case finally like real world use case this hyped on it was hyped on it and this guy because he was on stage he's like look crypto full of a bunch of projects that have no real world use cases and very low user bases we have like a real problem that we're solving and we're gonna and we have real user we have two million people using our payments app to do this in korea and i was like wow awesome i buy in and then they start making much invest in can you say you wanna say i started i started with twenty five k and then i had an opportunity to put in another two hundred k as part of like a bunch of vcs were buying luna like they invest in the company and they were got they got to buy luna at basically like a forty percent discount to the market rate so at the time i trading at like almost a hundred dollars we got to buy in at about just under forty dollars but it was like locked up like it was gonna be released over the number of years so you did that i did that so was like oh dude i like this project anyways if i get to buy it fifty percent under market like hell yes sign me up and also like these are all like tier one like crypto investors like these i mean they raised a billion dollars right from it from from investors so it wasn't like some random project it was like oh these guys are smart they're doing it alright like that's that validates my my belief okay i'm gonna go ahead and and and do this and for a while it looked like a genius move because luna was trading at oh i don't know it hit like a hundred sixteen dollars it was like one of the best performers last year basically how much were you up by in about a year and a half luna went from under a dollar to a hundred and sixteen dollars so it did like a hundred x in one year i was in at like the kinda like the thirty thirty five dollar price point overall forty percent of thirty or thirty no no my my price point my actual price point was like thirty five dollars blended so then you were you i was like seven fifty yeah exactly my two hundred nine fifty was like seven fifty grand i was like oh great doing well and like this was just the start it was like it was growing really fast like not just the price but like like the number of people buying the stable coin was going up like it went like i think the the the stable coin had like out don't eighteen billion dollars of of tv or something like that so it gotten pretty big but they i i kinda noticed i like wait they don't talk about the e commerce thing ever anymore and this because kinda like didn't work like they basically it was like working slowly i think like merchants like kinda care but not enough consumers didn't really change their behavior so it wasn't like a sexy growth story i don't think it was working they just stopped talking about it and they started talking about like so what they did was they're were like alright now instead we'll serve the crypto community itself with a savings rate so savings account so basically there was a savings account on on the network that was like if you deposit your stable coin here you get paid twenty percent interest on your stable stable coin which is like kind of amazing right because like if i take my dollars i go to bank of america i get yeah but sounds like scheme shit it sounds like right but it's not i'll tell you why so it was like bank of america gives you point o two percent this was giving you twenty percent and and so a lot of critics said executives you said which is all this is a po and i will argue it is not a po it was even better than a po so like let's one up from a po okay so a po fucking stealing right basically so po is customer a gives you money you use that money to pay out customer b then customer b gives you money because they have faith in it you use that money pay out c and d you're taking one customer's on and you're paying out the other this was even better they just created a currency out of thin air printed it like a billion of it it's thin and then they just gave it away right like and like the market believes value so have you seen on what's the where they have patty just patties dollars so yeah patties bucks all a sudden daddy's bucks it's always funny yeah that's exactly what happened they just created their own currency and just collect the dollar in a way that's what all currencies are the us dollar every country does this they create their own currency and you if you believe is valuable then it becomes valuable but if you if you cease believing it's valuable the dev values and we see this in different countries and that's what happened here for a while people believed it was valuable and they kept investing in it and two things happened one was everybody knew that this twenty percent savings rate it's not sustainable because what they were okay the the the real reality the joke that that was my joke version of description reality was when they raised the billion dollars from investors they basically were like look this savings rate is really good customer acquisitions it's a marketing budget just like uber subsidize your rides like why was an uber ride back when we all started using uber like twelve dollars a taxi would have been twenty eight it's like because vcs were basically getting money and they were losing money on the rides and that's what that's what terrible was doing they were losing money on this savings rate but they were getting a whole bunch of new customers so like they got like four million people almost to create wallets on the network so it was like they were buying user acquisition now you could argue that was either dumb or not done but it was definitely unsustainable and everybody kinda anybody smart knew that that's unsustainable but it's like hey look i get rewarded for being early here i'm gonna get this subsidized earnings savings rate and that'll go away as this gets more popular but like cool that's my benefit for being early that's how almost every crypto project works and it's only as how many many startups work as well investors subsidize the usage of your free product until it's big enough where they'll start charge raise prices to and then to get to the kinda like get to the crash i care i care about your take like what happened to you but to get to the crash what happened to get to the crash okay so all along the way people are like hey algorithm is stable coins they only work when demand keeps going up once demand starts to fall this thing will freefall fall so yeah you have demand right now that's why everything looks good but once this starts to fall it'll create a death spiral meaning once people stop wanting usc luna price will go down people will start once luna price goes starts with now people start selling luna and basically it's just like interplay between if if us either started to d meaning instead of being worth a dollar it was worth ninety five cents people will not want it they'll lose confidence in the in the stable coin and then as they lose confidence they'll they'll sell which will create more supply of luna which across the price of luna to go down and then that will cause even less confidence in the whole project and it it'll just debts that was this is the belief and all along this guy do who started off like y seeming like this smart kinda wanna change the world kinda of guy he'd had become like kind of an man i and it was part of his persona like he was like a donald trump or elon musk style guy where if you were if you disagree disagreed with him and he didn't just say you know like i agree he let's agree to disagree like he was like i will shit on you i will call you stupid and poor and like i will make fun of you is that literally what he said yeah he will call everybody stupid poor and he would be basically like say you're all they're all fu stir just spreading foot which is fear uncertainty and doubt you know and look they've been wrong all all the way so far they're gonna keep being wrong and this is exactly what elon did about people who are shorting his stock he was like oh it's gonna be the short burn of the century you guys are gonna look so stupid and and and you know people are betting against them people bidding for them so anyways deputy this guy forgot like the thing to make this work because he have to be right exactly and he was right for a while until and and by the way it's really funny there's one twitter account that wasn't just saying hey this ain't gonna work he's like specifically laid out a like fifteen step plan of like hey look i did the math if somebody was motivated and had a billion dollars they could destroy terra which is currently worth forty billion dollars so they could if you put up if you had a billion dollars of cell pressure i think you could crack the whole terra project it would have to be like a smart focused person who would have to time it right so and that's and basically he he he retweeted that was like this is like famous last word so he goes man this is the most our word thing i've ever read on twitter well billionaires said retarded yeah really yeah what a dumb idiot why would you do that how'd you call them a dumb idiot well like but like why would you god john idiot would do such name color how how can you how can you speak like that when you're like this like like a ceo of like like and that's just like donald trump called mexicans rap and stuff dude this is like crazy like people are crazy they you're crazy shit and then they're basically their fans in his case were called luna takes we're like yeah and then like they done that was cool i don't know they think thought that specific wording was cool but in general his character i mean he renamed himself stable quantity he became a billionaire he like got a million twitter followers because he became a cult of personality similar to you like dad one idiot though so anyways he tweets it and he's really idiot because he go he said this is the most awkward thing i've read on on twitter all week and he goes billionaires who follow me go like please go ahead and try this and like sure enough like two weeks later or a week later it's like and try it they did so basically somebody or some group it's not confirmed who it is it's not confirmed also that there's a coordinated attack but it does seem like it people started somebody started dumping like a billion dollars worth of the stable coin which caused the peg to to go down right when you have that much cell pressure it will stay worth a dollar it still sift to ninety two cents and that it's and then on on top of that they were also dumping bitcoin which was the reserve collateral that these guys are holding so bitcoin price starts to go down us t starts to break peg people start to panic a little bit and they also started withdrawing from and so they did three things they took it out of anchor the the savings protocol so you solve a billion dollars worth or whatever like withdrawals then you saw them sell it then you saw bitcoin price tanked and all of a sudden people started a little worried about oh shit it's something bad happening to terror let me just go ahead and sell so more people start to sell and so you see like three four five billion dollars of sales happening in a very short period of time and this also coincidentally or very planned happened right when they were doing like i kinda like imagine you're like oh i'm just i'm moving houses right now i was like oh man the doors are open here because you're the moving trucks outside of the doors are open that's basically what happened they were moving all the liquidity from the liquidity pool from one to another and so there wasn't much there there was less shock absorbers than than you would expect when it started to sell it went from a over a hundred dollars to what what's it at now less than a penny like fractions of a plant yeah okay so how much value was wiped out forty something billion dollars forty eight billion was crazy that is stable coin went from selling so that's luna tara the stable coin the us was selling at you know it's a dollars supposed to always a dollar it goes ninety two cents eighty five cents so i'm on i'm on the beach in hawaii and i i'm just getting text from ben you know tara d peggy and it's like and then it it goes down to seventy cents and then it shoots back up to ninety giving false hope for a second and then it plunge to sixty five sixty fifty and i think it's currently trading out don't of know fifteen cents to the dollar so okay you're you're you're out two fifty i'm at about tuesday yeah two toy five something like that how does that feel me feel shitty of course right like you know lose what did your wife say when when you're sitting in home she doesn't really care to know nor does she like want to get bad details i told her i like from all of crypto i was like we lost several million dollars in the last like three months because crypto just been selling off like crazy and she's like okay so like i shouldn't buy this bag or i should i was i it's a shouldn't right now let's go ahead and hold off on that i was like that's a level of conversation we've had about the whole thing like she's not she's she's stressed about micro stuff like if we're if we have like a late fee or a parking ticket you'll freak out but on the big thing she's like very chill she's like but how do you feel about that now now that you've lost you said want just say three million dollars like i guess like a cup couple feelings so the first was i'm not surprised like we went in pretty eyes wide open which was this is a risk reward type bet and you don't just say that you have to like actually know what is the risk and the risk was always nobody's ever made to algorithm the stab work and by the way so one spoiler this guy do turns out he was also the anonymous cofounder of basis took that that got leaked as well so it's like dude you know fool us all once you know shame shame on you fool twice what the hell is wrong with you that's my take got it did it did he tweet out like i'm i'm sorry i'm a dick or like did like look we didn't mean for this to happen obviously like i have no because some people are like dude did you did you benefit from this in some way like because that happens a crypto people will like raise much money to do a bunch something and like run away with the money his claim is no we didn't like we lost more than anyone on this whole thing i feel really bad that this happened and he's kind of just like you know tail between his legs a little bit and he's soaking and he's quiet he's much quieter now while everybody's like dancing on his grave deserved up because he was cocky as hell right so like that's what's going on with him with me it's sort of like alright lost this money that's not good obviously but like you know doesn't feel good it's sort of jarring like i've had start up investments go south but it kinda happens over a longer period of time this is like you wake up on tuesday and like one of your best performing investments has gone to zero in twenty four hours is quite jarring to watch the price drop like a knife and be pretty helpless like there's nothing you could really do about it partially excess tokens were locked up and partially because i was away from my computer you know so you know whatever but you're you're you're you're not i would like i mean i would lose sleep over that i would be like i almost almost not not quite scarred but like a little bit like it would almost be a it would be close to where i would describe it as traumatic yeah it's not that for me and again i think it's because i and my i write down whenever i do an investment here's my here's why i think there's a good investment and here's what could go wrong and the one could go wrong was exactly this which is like people think that there could be if if there was a bank run that this would debt spiral i see no reason that this wooden death spiral if there's a bank run i don't know what would cause a bank run but it's possible and it's like oh what would cause a bank was like either a motivated player created panic at a time when the project was vulnerable because all the the all markets stock markets crypto markets are all down and they were moving the liquidity right so it's like well the risk kinda played out like that's okay like it's like you know it's like i've had pocket aces get cracked before and i wouldn't even call luna pocket aces it's like i had a flush straw they got beat okay you know like to use poker terms like i gotta had a flush i got beat like that's what happens even if i was even if i had a sixty percent chance of winning okay i got my money in good but like it wasn't my life savings now there's a lot of people who lost a lot more money on this because they put in a lot of money so to me there's also like a post mortem of like okay there's some rules like you don't you don't put more than you know fifteen percent in any one project because all of them have these like black swan risks and so you never wanna be that vulnerable to any one thing is the majority of your net worth in crypto right now it was not until not everything cut yeah not not including private you like not including private business no of the liquid stuff no it's a little less than half now it's a little more than half before so you know but like the stock market also hasn't done i know i haven't really i've lost so much i don't log into my thing anymore i i'm just i don't even look at it yeah for from i i'm not gonna do it i'm not gonna go trade right now so you know for mental health purposes i don't go calculate by net worth when it's when it's so far now you know there is a forcing function i'm like alright great let me make sure i'm earning money working hard right like it's very easy when when like over the last year a year and a half let's say since the kinda of covid you know money printing sense i mean the whole ten years has been a bull run or whatever but like the last year and a half like shit just inflated like crazy so it was like man do i even need to work like i'll just look up every day and i made a whole year salary in a day like you know it's it's kinda demo to work and then this is highly motivating to work when you start losing a year salary per day you know like that starts to you know like add up and so yeah i know like that's i guess my full reaction to it me too that's exactly minus as well was like you just just make more money yeah yeah exactly the stay is wrong every freaking time have you heard of hubspot hotspot hubspot is a crm platform where everything is fully integrated well i can see the clients hold history calls support tickets emails and here's a test from three days ago i totally missed hotspot hubspot grow alright let let me switch topics a little bit i wanna tell you something that's kind of i think hilarious dude have you seen the liver king yeah the guy on instagram yeah he's i was he's describing it he's so he's super jacked and he eats like this is not the same raw food guy right but he does eat like no a different one he's more than jacked he looks like the hawk like yeah he's he's like comic jacked yeah like it's like a funny like if it looks like if you popped him with a pin he it would blow up like a balloon like it like you know what mean like he he looks swollen him and he basically like his whole like s and i like research him a little bit is like we aren't men anymore were soy boys and like the best way to overcome that as to get as jacked as possible and live like a like a manly man right and so he's got like he's i think he lives in texas and he's got two kids and he like the whole family sleeps on like they don't use beds they're like you basically like sleep on these like wood crates the floor basically they sleep on the floor because it's like it's kinda like we're caveman men okay and i think he says that he eats like a pound a day of raw liver and there was a a this is crazy shit the guy's crazy and he also says he doesn't do steroids which is like i i i went and tweeted about it and a lot of like people messaged me who i know who know him they're like obviously that's not true he definitely on steroids and if you look at them you don't you just look at him be like you definitely are doing something anyway in a g q article he said that he was selling a hundred million dollars of liver supplements so basically these pills where it's like instead of like eating liver just small this pill right and i looked it up on amazon and i i did a bunch of research and i think it's true i think it's one hundred percent true i think that's how much he's selling in in in these amazon's stuff supplements and he has his own store and he's associated with like three or four other different stores so he owns or c owns this thing called heart soil dot c which is all about like doing just only eating meat and fruit he owns this other thing called the fit dot com which basically if you click at like hardcore propaganda i mean not necessarily negative but like what's industry propaganda and like a mission statement and a brand but it's just says we were once the fit version of ourselves descendants of the sole survivor species of the genius homo and explains like you know like why we need to go back to things the product is called like honor this product has fundamentally supports for everyone and it it's like bone marrow and liver and then there's another one called fuel and then another one called ignite and look at this pitching but this picture this guy at the bottom he's just like this super sw guy you know there's like chain links that are really really heavy that he used to like pull tires and stuff he's just got those around his neck and he's like grunt as he lifts the chain links with his neck right like it's crazy you gonna make fun of it because it's the most make it's it made fun of itself the most already yeah so it's like a character of like what this lifestyle about which i'm not like entirely against this lifestyle i just think that hilarious is your lifestyle by way what are you talking about no but this guy's kind of i think he's an idiot because he because i mean he's clearly doing something right and i understand he's like going extreme to sell more stuff which i'm not against but he's one hundred percent on gear and he's saying that he's not so i think it's kinda of that's kinda like right this whole premise is based on kind of a lie but anyway he also and i i even found out someone at the agency that he hired so he hired an agency to get big on social media and he got to like two million followers in like twenty four months like a very short amount of time and so anyway i thought this guy was interesting i and i hadn't i wasn't sure if you had known about them very intriguing how many followers does he have on instagram does it say one point five million what do you think of his supplement sites does that look does those numbers see real your you're saying that the you're saying that the amazon no i'm saying all his empire does a hundred million i the selling settlements on different platforms yeah it doesn't look like these are all his like he doesn't own all these maybe he's like an a affiliate of some of these or something like in his twitter bio for example he just has his like ebook he doesn't even have like a site and then this heart and soil one like who are these guys our store he owns a a percentage of that he owns a a large percentage of that company as well isn't this crazy yeah so paul sal dino md is the main guy this is the carnival diet guy yeah yeah the carnival md d it's all these guys yeah i think sells crazy yeah and and if you i dig some more research this liver king is in all the guy all that guy's photos and in is like on his about page and things like that this horton and soil it's a good it's a good brand they do a good job i'm in i'm gonna steal some of these ideas from my d brand they do some nice so this company it's called heart and soil and it's run by this guy named the carnival md and he's popular on twitter and he's like a doctor who says like basically he only eats meat and fruit and i joined one of his facebook groups because i actually did the all meat thing for like thirty days try it and he's got like a thirty day challenger it's pretty fun and in the group i would post things like you know like is there any like what's a good book or like seems like a good research that actually goes against this thing that shows that like all meat is actually not great and that you should eat you should be vegetarian kick like yeah and they loaded and good baby questions the yes they destroyed me and they were like they they just feet so here just well yeah exhibit a so they just ripped me apart and i was like oh okay so anyway this there is i've never been called the n word before but then i went to the barn group and i i asked if meet good for you dude they did not like me they didn't they didn't they were upset at me so anyway i thought that it was kind of interesting it is a little bit of a cult but well okay this like that this whole episode i think that the the thread here is sort of like these extreme like these cult cult leaders so the banana savannah banana guy he's basically creating like a a cult right he's creating a brand with rituals and like members and like a whole thing thinks outside the box the do from terra luna and the luna they you know that was definitely a cult that that was their name luna that's what like you know but like you know like like laser eyes for bitcoin luna luna that's luna that's a great brand exactly absolutely yeah it was really good yeah again the party was great tell it all kids until the cop showed up and and took everybody's money so you know that that was great but but you know my personal experience with that yeah do you have this liver king guy i think he's one i'm can i bring up one more and we'll just make this call definitely i i i bet you i know who you're gonna say martin sc i am on board a little bit well i'm i'm part of that call we're all we're all what are sc addicts or something that i don't know what we what we were gonna call ourselves i think they make we we should call ourselves the creeps yeah we're all martin sk crowley and the creeps yeah okay so i have a kind of a backstory with this guy but just general explain the explain the famous backstory okay so martin sc if you just google most hated man in america i think he comes up as number one at least he did at the time when i first heard about him he is known for or he's known and hated for being a kind of a price go with a drug so what he did was he owned a a pharmaceutical company that focused on like small like less popular drugs that were like niche and he would and he bought them so he bought this drug this drug called der and he increased the price from like thirteen dollars to like five hundred something the i know what it was but the percent was like he increased it by five thousand percent and so people and then immediately the news picked this up was like oh man and they started calling him the pharma broke because first he did this they were like how dare you but instead of apologizing and walking it back he was like fuck yeah i did i own this i could charge what i want you know like and and like this is america that's the price of this drug and yeah he doubled down he doubled down and he loves attention and he's amazing at getting attention a lot of the attention is hate but he's amazing at getting it but and he was only thirty three thirty four when he did this and this was basically he controlled two pharmaceutical companies that were each public at north of a billion in market cap i think i don't know he's i don't know i can't i can't confirm those that my might that might be right but he also had a hedge fund before that where he invested in biotech stocks yeah just like he had done big things and he was he's a very smart guy now people think he's a crook they thought so some people said he a crook because he raised the price the drug that's not a crime that's just something you don't like then he actually got and indicted and went to jail for doing something that was legal which i think was like he basically paid investors from one company with like the stock of his other company and then like didn't wasn't clear or something like i know exactly what he went to jail for but anyway been jail for two years back he went back to jail or his like like he didn't get released early or something like that for threatening hillary clinton he didn't really threaten her but like made like a like a stupid joke on twitter yeah yeah anyway so he he just got out last week that's kind of the the funny part of so he gets out and it's like you know i don't know who's like a famous person like everybody wanted to be freed it's like you free young thug or who like martha martha stewart yeah free martha like whatever there was a group of people that were excited about his his arrival i was excited to because i enjoy reality tv i enjoy you know the problem he's like our version of kim he's all he's our kim k he's he's that's the be exactly so i wanted to see a plow and so he comes back and i just started to thinking about excited sc in general so i a couple ways we can go we can go of things i find very interesting slash borderline admire about the way he does things and then there's what he has been up to in prison and what's interesting there where you wanna go i have both i like both of those so what has he been up up to him in impressive and and the backstory you you actually need to mention this the backstory was he was an early user of your product lab and i spoke to him a couple times on ba and when the hustle first launch we were in our first office so this was in the first six months we one of our reporters was this young woman named b who was you know like a pretty like a good looking woman and he she damned him for a story and he was like hey just wanna like fly up here and we could like hang out and like it was like asking her out and so i had a i have a little interaction with them as well so we yeah we had a app called lab that was basically if you've seen club house it was club house before club house and it had video on it so it wasn't just audio and it got sort of pop like you know we tried to using it we tried getting podcast to use it we got some kind of like marketers to use it for their kind of like promoting their stuff we started getting some bigger brands the nba started using it u started using it oracle but none of them could hold a candle to our number one power user martin sc martin sc came on the app and basically broke the app from day one the first time he came on instantly the room filled up to like five thousand people and was more people that we ever had in one room before that hit our max limit we're were like who is this guy that's when i first googled google and found he's the most hated man in america and he was famous enough to draw a ton of people in but he was not famous enough to have other shit to do which was the perfect sweet spot which as i said he is the most lethal weapon in social media he has since been surpassed by donald trump and elon musk as the most lethal weapon in social media but before that it was martin sc and the reason i say that is because he creates a ton of content so he would go on lab every day from about five pm till two in the morning he would be on that whole time and he was the master creating nightly entertainment like you know jimmy fallon jay len you guys can't touch this guy in terms of nightly entertainment because he has no producers no script no nothing he would hop on and somehow or another he would cause enough ru that this room would have thousands of people in it all night long watching it that grew hooked to it and we would see this in our data like people wanted us to kick him off because again he's a bad guy for raising the price of this drug and like he said this thing that wasn't cool but this guy was driving in hundreds of thousands of new users to us every single month and that's so i was like i'm not trying to kick this guy off like this guy is like you know he's where the actions at this was a two thousand seventeen two thousand eighteen cancel culture was it a thing yet yeah and i was like dude i'm start i'm gonna do what it takes to get off the ground like yeah bitcoin used the silk road till i get off the ground and like you know youtube started as a dating site and facebook you know before this he did face mask comparing like which girl's hotter like okay not everything starts with like the most like clean cut you know i think airbnb started by like faking and scraping you know craigslist sites and you know emailing them as fake people saying i'd love to book your thing can you just list on airbnb like dude people do what they have to do to get your project started started and so we had sc and i used to watch it at first what i noticed was came in came in to throw stones at this evil man who raised the price of this drug but he did not sit there and apologize or whim he like fought back and he would give his side of the argument he would invite you up for a debate and that's when you saw how how strongly held opinions could be with no logical backing with no real rationale behind it the argument was so hollow and this was not just like average people people who were like very successful business people come on trying to like kind of stand on their high you know be on their high horse you know telling him what he should do and then he would like dismantle their argument journalists from cnn and other places would come on he would dismantle them and he's doing a combination of like a making fun of them b hitting on them and c breaking down their logical arguments all at the same time i've never seen anything like it and i just thought wow this guy is very entertaining i don't agree with everything he's saying but i think he's very entertaining it's the the data doesn't lie he is very entertaining he he's and i think later on later on in some of the blobs he would have like these like cute women in the background and they like clearly i just met him on bla and he was just like hey i'll fly you out you wanna hang oh this will start happening every started off hating him so after about three weeks he developed an army of believers of people who were there's a guy who became grapes yeah the creeps and so this guy he came on he his name was young sc and when martin was tired or had to go eat young sc would go hold court and he would just be like an extreme knock version of martin and who would just hold court defending him until martin came back to defend himself and then all these women started of joining and they loved them and they would just hang up there all the time and they were like when they're not like cam girls or model they were like actual models fashion models cam girls only fans people whoever and they would get on and they would just be like you know martin is like i don't know i would date you and they would just get on and they were so the room was always filled with like his pos and it was like you go to like you know where a mob lord is that and he's got his goo and he had his goo dude and his army was just growing but within a couple months a number of people who loved him outweighed the number of people who hated him and it was like the most surprising thing that it was like watching a cult form in real time it was it fascinating and i remember the cnn journalist came on and she was like martin i you know i i know everybody kind of you you know attacks you about blah i don't wanna attack you just wanna ask you some questions he's like well you're on my show let's go she's like no i want you to come on cnn and he's like this is better than cnn he's like you're on my show you have questions let's go this these are my terms you can ask any question you want no holds barred right here right now and if you're not prepared come back and prepared but you could do it right here on my show and she's like i'm not gonna do that art i'm like i can only do it there he's like and he's like he's like alright fine come with me to my fundraiser gala tonight i'll fly you out he bought abe goes a screen share he buys a plane ticket and like he's like what's your email address of sending this to you and she's like i'm not going on a date with you barton and he's like if we said it's a date he's talking he's just playing people perfectly and insane didn't didn't they didn't she end up quitting one of the one of the women who holler at him from washington post ended ended up quitting the job and so this part of what's remarkable when he goes to jail this woman from wash or someplace is assigned to cover him and or cover the story falls in love with them breaks up like she has a met family she has husband and kids i think leaves them for martin falls in love with martin while he's in prison and then martin breaks her heart and she's heartbroken now and like you know whatever she gave it all up she gave up her career and her family for martin and fell in love with him this guy got some tote leadership to him so anyways and he did some crazy stuff when he was on lab like he would he was so loyal to his army that he'd be like i'm i got a date tonight but don't worry i'm leaving blah on so he would leave it on in the other room and you could ease drop it over here his date which is again oh my god prime time entertainment right is it wrong yeah is it entertaining yeah it is and so this guy was phenomenal anyway so found this guy he would also do things so like from a marketing perspective i was observing how is this guy staying relevant like that drug shit was years ago like what how is he staying relevant he would just do stuff so like wu tang clan had an album that they were selling like a one of one for their biggest fans he bought it for two million dollars and so now this guy that they didn't want so they he would gotten a feud with him he had this thing and then on b he would play like snippets like ten seconds of the album and no one's ever heard it before besides him but he would just like tease it dang it like original n nxt when there was like some building for sale in times square he tried to buy it for ten million dollars to like e a statue of himself in times square and again it gets covered so he was just news jacking constantly he was just hijacking the news and putting his own name money did he have money when he got arrested or like his i i think he was actually like he they he showed a brokerage account that had like seventy million dollars of then he like somewhere to fifty and seventy five million dollars if i members i at the time but then he like had to declare bankruptcy yeah and i told at one point ironically his attorney that was defending him raised his price by five thousand percent and started charging him sixty thousand dollars per hour and like i don't know if this is real or up but martin came out in the news was like this is outrageous and like people were like dude do irony you know pot in the kettle of black was like of course this is just another article he wanted written about him and like he's just a master of getting attention he did so many things like this i can't even count the number of things he did like this i was like wow this guy just knows how to stay in the cycle and constantly like reinvent himself because then he would like just when he pushes you away he'd lure your back so like for example on saturday friday nights he would hold like you know his nightly vlad thing where he's a thousands of people and it's like a roast session and he's saying outlandish shit and like you just feel yucky for being in there and then saturday morning he would wake up at eight in the morning and he would do a live finance like session where he would teach you how to analyze stocks and they great phenomenal and i watched a bunch of them they're still on youtube he go watch them he is so he's very smart and he was so thoughtful and patient as a teacher he's a he's a fantastic teacher and so anyway so that's like the backstory so anyway anyways he gets out and he said they're like how is prison right he immediately he gets out he immediately jumps on on twitter spaces by the way actually that's another funny story when he had to go speak in front of congress or the i don't know yeah congress i guess he had to go testify he goes there and he just with a smuggle look kept saying like i i will take the fifth matter you know i choose to elect my my fifth amendment while rights did not speak he just had that on loop for an hour but he was quit smile he was sm smiling and just pissing them off and he was drawing the whole time and then he gets as soon as he left the quorum he jumped on lab from his phone on the train and he goes alright who wants to see my drawings he shows his drawings of like dick and stuff like that he was drawing on his space paper and he's live the the hearing was still going on and he embedded it in once and he was just talking mad shit about the congress people in the other screen at the same time again he was just like high level social media usage so anyways he got on twitter spaces and they're like how was prison he goes oh it's awesome he's like he he's talking about the prison system and like how unjust it is and how you know he's like you know ninety five percent of people that were in in there you know i had like traumatic childhood issues with parents and stuff like that he's like i hustle out like other people's lockers you know where so i could store more books and and he's like he basically was like so what was his like summary so so first he's been blogging have you read his blog from prison no but what did he save about prison he's he i mean i bet you he was actually well respected there yeah he's like because i like tell me some stories yeah exactly and and so he yeah he was kind of like you know had his his crew there or whatever he said he created a crypto study group so he what did he say he goes he goes when everybody else was working out in prison i would read because brain gains are all that matters not muscle gains because he's like ro sk i'm like god he's like i created a group called crypto thugs in prison and it was just me teaching crypto to to the rest of my like my fellow like inmates or whatever and he had a bunch of like interesting stuff so he had a bunch of predictions about crypto that were in there a bunch of he read he basically spent this whole time studying by crypto and artificial intelligence and like bio hacking and stuff like so he's he's got this blog post with shit ton of predictions about the future i'll i'll read you a couple of his i'm my on i'm on his blog just it's martin sc dot com right yeah i think so so i'm gonna read you some predictions on here so two thousand twenty five so about three years from now self driving cars are the successor to mobile computing they trend upwards people spend eight hours a day in your car tesla nearest ten trillion dollar market cap must becomes the first trillion error two thousand twenty six and the ai generated maybe gp four song gets created with zero human editing and direct participation and charts on billboard two thousand third thousand thirty virtual reality slash is ubiquitous widely they use all you needed was a comfortable ergonomic optical interface that's what was the limiting item i think he's wrong on that one twenty thirty vehicles self driving cars reached majority penetration in the us car accidents dropping by more than fifty percent and he says he just keeps going he goes out to like twenty fifty he's making predictions as to things like you know twenty fifty the life sent for a newborn is now a hundred to a hundred twenty five ninety percent of i'm non surgical medicine is automated blah blah like most contract law is automated on was automated on chain and so he keeps going now right or wrong you could figure all these but he's is a very interesting thinker very interesting guy follow right and he does these book reviews that are like very hilarious where he's like this book three out of five you know first three fourth giant waste of time last fourth interesting about this topic it's like oh good like you saved me a bunch of time reading that book like i kinda trust your opinion on these things and so out of his blog is worth worth of read we i i tweeted out asked to get him on the pod but i had no twitter handle to tag i didn't know who we want or you know which it it was kinda hidden we maybe found the right one yeah but we we should get them on i feel like we're big enough that we can get them and he's an interesting guy enough he he's said he's i don't like giving our audience like our platform to people who i think are full shit like for example jordan be i wouldn't want i wouldn't wanna him on dude i would would you yeah it's the same member of people were like oh i can't believe you guys had ty lopez on it's like well well due to scale would i want to talk to this person that's the test if i would want to talk to this person that means they're interesting just because that you're on the podcast doesn't mean we say this person is awesome and legit i agree but i don't want to endorse certain things and maybe like how are we endorsing i don't know but this like a you don't wrestle with this at all no i actually find that stupid they people do this is joe ro rogan and others as well like why would you give him the platform to say his like stupid stuff it's like dude i'm gonna i'm gonna have a conversation with him or the he or she and because they're interesting to me i'm gonna find out maybe they're you know i'm gonna find out what they have to say if they say something silly or stupid i'm gonna try to push back and give my point of view and the listener should be smart enough to come to their own opinion about things and in fact you know the right way to like the right way to make somebody the right way to like counteract like speech you disagree with is not to suppress it but to like enable enable bring it to light right like put the the sun as the best disinfectant type of thing like bring it to light and then let people make an informed decision off of what they heard and you know well i i at all just to have someone on the podcast i'm on board with that i i and admittedly i'm wrestling with how i my opinion on i do think they shouldn't be made wolf of wall street because jordan be a bad guy like no hell no no but i don't want to and they glorified it dude they put leo d cap the one look actually don't i i i like by myself watching that movie i'm like you know i wanna watch this this guy was a piece of shit he's robbed a quarter of a billion dollars from people and yeah i'm watching this movie and i'm like oh i wanna be like that so i like find myself not wanting to watch but what i was saying was martin sc is the type of guy who i actually don't agree with probably a bunch of the stuff he's done but i'm not convinced that he's like an evil guy i'm yeah i think that he's just a weirdo and like when he was smiling at congress i was like oh i i actually think you're just weird and you just don't know how to interact with people i don't i don't and i you know what i mean i he knew what he was doing he's a troll i think he's a troll but i don't i think it comes from a place if he's just really awkward not necessarily of like he's a horrible guy yeah i don't know horrible guy people will come up with their own conclusion you know i have seen a lot of people say he's a horrible guy he say why because you raised the price of the drug why is that bad because then people can't afford well you actually you know that insurance pays were ninety eight percent it and then he gave away the other two percent if you couldn't afford it through insurance he just gave it to you yeah but then insurance costs go up cool well then you should have a problem with like these fifteen other things like you know also if these drugs are not like valuable then there's no research for these niche diseases so that's why a lot of these niche diseases just don't have any r and d budget because there's no value in them so just proof that his biggest crimes is having a punch face exactly exactly you know what to mean like and that's a real thing and he truly very he's likable because he trolls and he's rude to people and he makes fun of things and he like yeah okay cool but that's not a crime you know but i would love to i would love to have him in him on and talk to him because he's a type of guy i don't think he's a liar s sc in the we wanna do an episode this is our open invitation hope this gets back to you i'm the guy who made blog we spend many in many hours together in a way on that platform whenever we were getting ddos it was because of you i put up with that shit so you know give us one it give us a solid and come on the pod so we'll we'll have to tag him is that twitter thing i think that's a secret count yeah but is that a secret not because he was in the twitter space under that okay alright so that that'd be cool yeah

Episode Notes

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about the Savannah Bananas, Martin Shkreli, Liver King, how Shaan lost more than $200K on Luna and Terra, and more. Also, want $5,000? Check out the My First Million Clips contest.

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Links:

* My First Million Clips contest

* The Savannah Bananas Instagram

* The Savannah Bananas website

* The Liver King Instagram

* The Fittest

* Heart and Soil

* Ancestral Supplements

* Martin Shkreli blog

* 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:

(01:20) - My First Million Clips contest

(04:15) - Savannah Bananas

(12:20) - Breaking down Moiz interview

(19:45) - Terra & Luna crash

(42:15) - The Liver King

(49:05) - Martin Shkreli

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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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