00:00:00
They came to see me and said, "Look, we're looking for a real [ __ ] in this
00:00:03
and you're it." Well, listen. I met Barbara in Vienna in 1601. That was my
00:00:07
first dance with her. >> She was there, too. >> No, the only reason she gets to LA every
00:00:12
year from New York where she lives here is I buy her a new broom. I give her the
00:00:15
latest model. [laughter] >> I said, Timmy, I mean, I admire you. An ass is an ass, and there's [music] only
00:00:22
one ass. Make it your ass. Celebrate your ass and put it in this film for generations to come. I can't believe how
00:00:29
good I look. I look spectacular. It's ridiculous how good I look. >> Kevin Olirri.
00:00:38
>> Kevin. Kevin Ori. >> Different move for us, but >> I think you know he does uh financial
00:00:47
advice. >> Shark Tank for years. Yeah. >> At least 10 years of that. That shows
00:00:52
everywhere worldwide. And interesting guy. And also he was plucked, was it by the Saisies or uh yeah Josh Safy to be
00:01:02
in the new Marty [snorts] Supreme. So >> yeah, Marty Supreme. So he it's really
00:01:06
interesting like the guy's never been an actor and all of a sudden he's in this
00:01:10
big movie and uh it's really funny. He talks about how he [snorts] he was spanking uh Timothy Shallow movie and
00:01:19
and how awkward and all that stuff that happens. But yeah, he's pretty pretty
00:01:23
funny. He's a confident guy. knows a lot about business, but him >> in kind of a, you know, like a
00:01:29
Oscar-winning movie for your first role, it's really interesting. >> Yeah. With the Saies, I mean, my god,
00:01:35
it's as cool as it gets. And, uh, >> a big movie that's out there right now
00:01:40
still. And, uh, listen to what he has to say about it. Here he is. Kevin Ol. >> Listen to what the man said.
00:01:48
>> Kevin Ol, you know, he's really interesting. Uh, oh. Oh, he's on. Oh,
00:01:55
>> yeah. >> All right. Letter rip. >> He goes, "I'll be there in a minute."
00:02:00
>> That [laughter] sounds like a product. That sounds like a name of a toy or
00:02:06
something called Let It Rip. I like it. Let's go with it. We get some funding.
00:02:11
Spade and I throw in a couple hundred. [laughter] >> Dude, if I had Kevin's money, I'd throw
00:02:17
mine away. [snorts] Do people who are very [laughter] wealthy? If you walk into a room and
00:02:25
you're very very very wealthy, but then you've got billionaires, multiple
00:02:30
multiple billionaires. Do you feel small? >> Um, you know, >> I mean, I don't need any more money. I
00:02:40
just need more time. That's my real issue. >> Yeah. You're right. >> Like there's You know what I think?
00:02:47
There's always a guy way richer than you. Yeah, >> always. And so I don't really give a
00:02:52
[ __ ] about that. >> When I go in a room, I go, "What if I walk in this room and someone's better
00:02:58
looking than me?" I mean, the chances are low, but there's a chance. >> No, that that never happens to me.
00:03:06
[laughter] Not >> here's my way of thinking about it. Like, it's just a bigger room to watch
00:03:10
TV. I think that was in a movie, but >> No, no, listen. I I look fabulous all
00:03:14
the time. I can't believe how good I look. It's ridiculous. >> Yes, you look great. And
00:03:17
>> is it after shave? Is it moisturizer? Or is it just your attitude? Because you do
00:03:21
look good. >> You look fresh. >> Mhm. >> Fresh and exciting. >> You know, I see you on a lot of these
00:03:27
shows, Kevin. Um, not not only Shark Tank, but I see you when you're on some
00:03:32
business shows and you always have good energy. You always have a lot to say and
00:03:36
you're very articulate and you can speak well. And I think that's a big part of
00:03:41
your success. You have opinions and you lay them out. You don't sort of mince
00:03:46
around. >> Yeah. You know, I mean, the way I look at it is just tell My mother told me
00:03:52
when I was 16, just tell the truth. You never have to remember what you said. >> Now, some people don't like it. They get
00:03:59
off. That's true. All that stuff. But I can't keep everybody happy. What am I
00:04:03
supposed to do? I I care about my family and maybe 15 friends and everybody else.
00:04:07
I don't give a [ __ ] [laughter] >> I I'm with you. I don't give a [ __ ] you
00:04:12
know? Uh No, it's good. I mean, when you're on like a cable show, then you've
00:04:16
got to do the sound bites. You got to be really succinct. Now you're on a podcast, so it's it is a little more
00:04:21
interesting, right, for you? Or you can just say whatever you want or or no. >> No, but listen, I respect I mean, I got
00:04:28
to admit, you know, I got a lot of followers, I don't know, 11 million followers, and they sometimes I get like
00:04:34
a an essay, maybe four pages, well-written, just blasting me about something. I said, imagine four pages. Imagine
00:04:44
[laughter] >> somebody spent like an hour writing it really well. I mean, I don't know if
00:04:49
it's AI generated or not, but they really worked on it [laughter] even. And I got to say to myself, well, I got to
00:04:55
respect the amount of time. Why would you waste your time on that unless you were very passionate about it? And those
00:05:02
are the people that I actually respond to. Most of us hate mail. And then there's about two and a half% what I
00:05:08
which I call the lunatic French, which is just they're completely [ __ ] crazy. And what am I supposed to do
00:05:13
about that? Nothing. I can't do anything about it. >> Um, >> and so that's it. I mean, you know, I
00:05:20
kind of I've been dealing with it for 20 years and I I've I've kind of found a a
00:05:25
place to live and and float in the sea of happiness. >> You're doing good. Now, when when Shark
00:05:31
Tank came out, how long did it take for that to sort of catch on or was it immediate? I can't remember.
00:05:36
>> No, it got cancelled three years in a row. The story is legendary. [laughter]
00:05:40
Um, I mean, every year it got cancelled. Everybody hated us. But Willow [laughter] Bane was married to Iger. Uh,
00:05:48
and I'd met her way back inc days. >> And she was raising kids with Iger and
00:05:55
they loved the show. And so every time he'd come home saying, "Ah, we whacked
00:05:59
those guys on Shark Tank." She said, "No, no, no, no, no. We're not whacking
00:06:02
Shark Tank. Our kids like it. Other families like it. It's it's it's the
00:06:06
only thing on TV that doesn't have everybody naked screaming about sex >> and and so it became a family hit and
00:06:13
then the fourth year it just went geometric. I mean poo poo happened, you know, >> geometric. I I'm glad they didn't go
00:06:20
into like Shark Tank Island where then it's they're all dating. That's what it
00:06:24
should have gone into because that's that's what most shows are on TV. >> We said it was called Beyond the Tank.
00:06:30
Right into the poop shoot. That's what happened. [laughter] >> Excellent. the first time someone has
00:06:35
said [clears throat] poop shoot on this podcast. Thank you for that. >> You'd think it would be a lot. It's not.
00:06:40
No one said it. >> You think it'd be a common, but no one's ever said it.
00:06:43
>> So, Willow Bay helps out because it is sort of a family show where you it's fun
00:06:48
to sort of figure it out and it's fun to decide as a family. Is this something
00:06:53
that's a good business? You know, you learn about a lot of things. >> Well, I think the reason it works is
00:07:00
that we don't know. You don't know what's going to walk through those
00:07:03
doors. And it's the essence of the American dream. I mean, the idea that you can come up with a product or
00:07:08
service that solves a problem, become a multi-millionaire, which we've done countless times in 17 years. We've sold
00:07:14
billions of dollars worth of product. You got eight minutes on network TV and 110 million eyeballs on syndication in
00:07:21
54 countries. I mean, come on. I mean, it's >> this podcast. You you just you just need
00:07:26
to find some product that pe that that you're beyond [clears throat] just your
00:07:32
grandmother and your uncle buy. You got to find something that really people need. And it's all kinds of crazy stuff.
00:07:38
I mean, think about, you know, uh pet DNA tests and stuff that you would think would never work makes hundreds of
00:07:45
millions of dollars. >> Yeah. You don't And that's the thing. You got to sort of troubleshoot it in a
00:07:50
short amount of time and say, "How much will I invest?" And if you do, then you
00:07:54
go, "Oh, now I got to beat someone else. Now I got to go higher than I wanted to
00:07:57
go." That that's that's part of the intrigue. >> I mean, at the first million's easy, uh,
00:08:02
because you do it yourself. But getting like when you hit five million, you got to start hiring people. You have to find
00:08:07
out if you're a manager. A lot of people [ __ ] the bed when that happens. They
00:08:11
blow up. >> Um, but if you can get to five, you can get to 50. If you get to 50 million in
00:08:17
sales, you get to 500 million. We've had that happen lots and lots of times because basically you've proven that you
00:08:22
know the product works and people want it. Now you have to scale it. That's a
00:08:26
different skill set often you and you have to find other people that can help you do it. But you know it takes it
00:08:34
generally takes three to five years to prove out a company but it happens quickly. When it's a hit, it's a hit.
00:08:41
>> Yeah, that must be the fun. Is the idea kind of sort of figuring out what people
00:08:46
need that before they know they need it? >> I think what happens is to the big ones
00:08:51
is they find they find some pain point that they look around them and everybody has that pain point.
00:08:58
>> Now here I I mentioned it earlier but I'll give you an example. >> Most cats die at around 12 to 13 years.
00:09:05
I'm not a cat guy but I'm giving you data I know because I invested this
00:09:09
company called Base Paws. However, cats in ancient Egypt, chocolate point Siamese, lasted past 30 years. How' they
00:09:18
do that? Because the ancient Egyptians knew what to feed them. And so they'd
00:09:23
give them food that that they would not abscess their teeth. So we give them [ __ ] food and they die really quickly.
00:09:29
So, if you get a cat DNA test and you find out which of the three genres of cats it comes from because there's only
00:09:36
three big pools, you can actually feed the right food to a young cat and have it last half of your life or maybe, you
00:09:43
know, 40% of your life. And so, this thing called base paws, where you stick a Q-tip where the sun doesn't shine in a
00:09:50
cat and send it in and get this analysis, $29. So, when she came on the set of Shark Tank, I said, "Well, excuse
00:09:58
me. I can buy a new cat for five bucks. Why would I spend 29 on a test like this? [snorts]
00:10:04
And and 110 million >> cat owners [ __ ] on me. >> But, you [laughter] know, I eventually
00:10:12
figured out I wanted to do that deal and I did and um we made a lot of money, a ton. It it was bought by a giant
00:10:19
pharmaceutical company later for the data. >> It's cheaper than moving to Egypt,
00:10:25
>> right? >> Basically. Yeah. >> Yeah. You know, it's funny because when
00:10:28
my brother ran uh that Kate Spade company, it he was just a guy from Arizona with Katie. And
00:10:34
>> it kind of blew up pretty fast. And I remember seeing him in the office when
00:10:39
he's like, I just had a dock worker in here tell me he's going to break my legs
00:10:42
if we don't do that. He goes, I don't want to do this part of it. That's what
00:10:44
you're saying about management. That's what I thought is like he was into
00:10:47
designing stores. She was into putting the bags together, but when you start getting it's too big,
00:10:53
then they did wind up selling because it just was out of their reach. That's not
00:10:58
what they were trained to do. And it's so [ __ ] complicated to run a big operation.
00:11:02
>> Well, it's true. Executional skills are next to impossible to find. And so, you
00:11:07
know, you're right. Big is 50 million. And after that, you need executional skills. And most people that founded the
00:11:13
company don't have them. And they they go to zero because of it. they buy too
00:11:17
much inventory or they don't manage their systems and whatever it is. I see it happen all the time. That's why I
00:11:22
make a lot of changes at around the 50 million rate and I say, "Hey, listen,
00:11:26
I'm gonna help you out. You're going to [laughter] get bored. I got to whack you
00:11:29
now, which is a good thing." >> Well, you need someone that knows what's
00:11:32
going on, who's done this before, right? Because it's like a movie. You go, you
00:11:36
make your own movie and you go, I don't know how to make a movie. You think you
00:11:39
do. And it's there's so many people that do each job better than you. You need to
00:11:43
keep hiring people to make sure they've done this before and it's too many
00:11:47
moving parts. >> Yeah. Movie making stuff. I just finished one of those. That's
00:11:52
>> Yeah, we're excited about that. I mean, the Safties, is it both Safety Brothers
00:11:55
that directed it? One. >> No, no, no. This is just Josh. This is Okay. Wrote the script with Ronnie
00:12:00
Bronstein, the same guy that did Uncut Gems. They are very disturbed individuals.
00:12:05
>> Yes. [laughter] >> Yeah. >> I know them a little bit. I know they're
00:12:08
sick puppies. Well, Uncut Gems was a sweaty uh fast-paced movie that was really uh well
00:12:17
done and they they they know what they're doing for sure. And this one already has a lot of attention and
00:12:22
sounds from uh it's going to be great >> on the award. I honestly honestly Kevin
00:12:28
I thought you'd be in a cameo when I first heard I thought you'd come into
00:12:31
one scene or something. You're in the entire movie and you land one of the biggest lines at the end. They came to
00:12:37
see me and said, "Look, we're looking for a real [ __ ] in this and you're
00:12:40
it." >> Right. Someone who's just incredibly cruel and mean and really cocky and then
00:12:47
they thought of you. >> Yeah. >> I don't know how that happened.
00:12:50
[laughter] >> I don't know how I didn't get called it. >> Did you say at the end of the movie, I
00:12:55
was born in6001? Did I hear that right when you're talking? >> I was very unhappy with the ending and
00:13:01
Josh and Ronnie and I fought about it for a couple of months. I said, "This
00:13:04
guy, this Marty Mouser, if he really did this to me in real life, I would [ __ ]
00:13:10
him over so badly. You have no idea. And why am this easily? I just I'm so unhappy with this."
00:13:18
>> And we started to negotiate. >> I wanted to kill off Rachel. I wanted
00:13:22
Marty to die. I mean, [laughter] that was me. And they said, >> "You weren't just a hired actor. You
00:13:27
were >> Well, I I mean, listen, I at least they listened to me a little bit. I just
00:13:32
don't feel right about it." is is Milton. I'm really pissed. And so we
00:13:35
came up with this idea that maybe and I suggested to them perhaps I'm a vampire
00:13:41
and I bite him and he lives in hell in perpetuity. That seems fair. >> And he said, "Well, we're not going to
00:13:46
put fangs on you and have blood spurting all over the place." I said, "Why not?"
00:13:51
>> That you're that's your kind of movie, guys. Look at the stuff you make.
00:13:54
>> Yeah, you weirdos. >> And and they and they said, "No, but you
00:13:57
could maybe hint at it." And that's our comp that's the compromise. And listen,
00:14:01
I've been to the couple of premieres and people are howling at the moon at the
00:14:04
end saying, "Wait a second." It's a huge narrative, a big disagreement about
00:14:09
whether Marty paid the full price he should have. And I think that's what make these guys magic. They get people
00:14:16
>> talk. It's like the uh the Instagram comments. You want people to fight.
00:14:23
>> Yeah. I mean, look, >> the comments more people talking. >> Well, I mean, has this ever happened
00:14:28
before in the modern era? Like this is this is a movie that's on it's a it's a
00:14:31
great movie. It's on the award circuits. Everything you'd never done acting in a
00:14:35
film I and then you're in this film. I mean is Larry Cuddlo have a deal or Jim
00:14:40
Kramer? [laughter] >> I mean I don't know what the rules are. I don't give a
00:14:47
[ __ ] I mean it just look to me as you you walk into a room you know the story.
00:14:52
You know the script. You read the room. It's 1952. It's so beautifully you know
00:14:57
set. is amazing and then you just go at it and >> well I mean I don't maybe that is acting
00:15:03
I don't know >> right they're there to steer you anyway so and you're on camera all the time and
00:15:08
the you you've got a little bit of that beat so you're ahead of the game and
00:15:11
[clears throat] you're already sort of that personality so if you can get the
00:15:14
lines down and not freeze up like Cindy Brady >> you can probably get through it
00:15:18
>> well you you have a career like a gigantic career so you walk on a set when we were in our early days trying to
00:15:25
audition you getting past the terror and the fear of not doing it right or am I and for you to walk in with as a wealthy
00:15:34
businessman and TV star. I mean, I guess that's part of the reason or just your
00:15:38
nature that you were that relaxed acting across from Timothy Shalomé who's kind
00:15:42
of one of our great actors, you know, >> huge actor right now. >> Yeah, he he was great. And I I think uh
00:15:48
he he was kind of a you know, I figured him out in the he figured me out in the first couple of minutes when we started
00:15:54
shooting. Our first day was seven pages. A lot of text. >> That's a big day.
00:15:58
>> Yeah. And we uh we just found the groove. He kind of snaps into his character and then I could just beat him
00:16:03
up. That was what I thought, you [snorts] know. [laughter] >> Well, the way you did deliver the
00:16:10
request and the way they shot that of the the infamous now maybe paddle scene and make him go get this paddle. You did
00:16:17
have a kind of a very devious thing about your your character that has nothing to do with
00:16:23
>> We had an ass double and he did and it was 3:00 in the morning and I said,
00:16:27
"Look, the the fake paddle we were going to use got broken the first hit. It got
00:16:32
broken immediately cuz it had a hinge and it was made of foam and it was crap. Then we had to go to a real paddle and
00:16:37
the ass double guy was going to take the hit. But Timmy said, "No, I want to
00:16:43
immortalize my own ass in perpetuity." And so I said, "I have to hit your ass.
00:16:47
It's going to hurt." So we rotated cheeks so that they were equally red
00:16:51
through 20 takes. And finally Josh said, "You know, you're not hitting him hard
00:16:56
enough. You're holding back. You got them lined up like back." Well, they
00:17:00
said, "Look, I'm happy to do it. I mean, I'll do it. >> I'll happily do it." Um,
00:17:06
>> why happily? >> I'll break his >> I did I mean I You know, my character
00:17:10
should have done more than that to him, but >> yeah. >> Right. >> We've all had that conversation, I
00:17:17
think, with someone audition for the >> done here. Hold on. I can >> Is the sun in your Is that the real
00:17:23
back? What is that? >> No, that's uh that's New York City right out the window. I'm at the Whitby right
00:17:28
now. I love this place. >> Whippy hotel. Oh, okay. >> Whippy. What's that?
00:17:32
>> Fifth Avenue, I think. >> I just >> It's a write-off because you're doing
00:17:38
this. Good job. >> You know, every year, David, I think we can unequivocally say this. We make
00:17:46
resolutions >> that somehow never stick, right? >> But this year, I found the one
00:17:53
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00:18:02
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00:18:34
and minerals. 60 ingredients including nutrient-dense and whole food ingredients. And six grams of prebiotic
00:18:42
fiber. That's more fiber than two cups of broccoli. >> Uh, Grun's does the heavy lifting while
00:18:47
it feels like doing the least. There's even Grun's kids with, get this, 21 plus essential vitamins and 60 plus
00:18:58
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00:19:05
right and save up to 52% off with code fotw.co. That's fws.co. We have the crummiest backdrop. Mine
00:19:17
doesn't do anything. I have just a rocket ship. >> I have a lava lamp.
00:19:24
>> Is that a little sad fern? >> Yeah. What is >> I don't know. I thought that was a
00:19:28
little monster, but I think it's a fern. >> Please stand by. >> Is that Andy's book or Norm's book?
00:19:34
>> Is that on a TV screen or It doesn't look real. >> You mean Kevin's?
00:19:38
>> Yeah. >> We keep all this on because we're authentic. >> No, no, it's 100% authentic and you're
00:19:44
getting real time. Listen, >> this is good. Tonight is the big premiere in New York. We've got
00:19:49
>> Oh, it is. >> We got We got Timmy. We got >> What do you say to Kylie Jenner tonight?
00:19:55
What do you think? >> And >> And we have And we have the Sharks. >> Your whole team's coming.
00:20:02
>> Your whole team. >> I got Cuban flying up from Washington where he's changing the health care
00:20:07
system. >> Okay. >> And [laughter] um Good. >> I got them all. They're all showing up.
00:20:12
We're going to do Shark Tank meets, you know. >> Oh, >> Arty Supreme. I think that's a great
00:20:18
idea. >> Now, how many sharks are there at total? >> Well, including the guest sharks, 4,000.
00:20:25
>> But, [laughter] you know, the original sharks were six. Um, >> was it six sitting there? That's a lot.
00:20:34
Is six too many to cover and all that [ __ ] How long does it take to do one pitch? Well, listen guys, that's hard
00:20:40
work because we start, as you know, making uh reality TV. You try and shoot three episodes in a day, start at 5 in
00:20:46
the morning at night. [snorts] >> You got to rotate the talent, otherwise they're going to drop dead on you.
00:20:52
>> For sure. >> And you're in your 40s now, so it's probably getting tougher.
00:20:56
>> I'm 28 years old and I'm tired. >> Okay. Right. >> You know,
00:21:00
>> remember, I'm in vampire years. I'm never >> That's right.
00:21:03
>> We can't give away everything. [laughter] But you know, [clears throat]
00:21:06
um, that's that's why he's drinking pee. He's a vampire. Um, so listen, you have
00:21:12
it was first first sharks were you. Barbara, maybe? >> Well, listen. I met Barbara in Vienna
00:21:20
in6001. That was my first dance [laughter] with her. >> She was there, too.
00:21:24
>> No, the only reason she gets to LA every year from New York, where she lives
00:21:28
here, is I buy her a new broom. I give her the latest model. [laughter] >> I love it. What a And there's Cuban. He
00:21:35
came on later, didn't he? >> Yeah, I think season four he came on. Uh,
00:21:40
>> he's a new guy. >> Well, he's my grasshopper. He's still
00:21:43
learning. >> Yeah, he's still learning. [laughter] That's >> Have you and he done business together
00:21:48
or is it just on the show? You guys have things you own together and plan together or just friends?
00:21:53
>> No, we have many deals together. Our teams work together. I mean, there's so
00:21:56
many companies we've invested in. Yeah. >> You know, he likes equity. I like
00:22:00
royalties. So, he's a little bit country. I'm a little bit rock and roll.
00:22:03
that kind of thing. >> Okay. >> And uh and that's what makes it interesting. We've, you know, we've
00:22:07
taught America about prep shares, convertible debentures, equity versus debt, royalties, you know, all that
00:22:13
stuff. I think it's terrific what we've done. >> Is it weird in Hollywood? Like I was on
00:22:18
David Spades talk show and I got I think 0.05 cents for rerun. >> Yeah. >> I mean the Hollywood I don't know if
00:22:26
>> you got to put that away. >> The royalties are pretty funny. >> Don't give up your day job.
00:22:31
>> Yeah. He's sock it away. They add up. >> I'm equity. I don't I'm not a royalty
00:22:35
guy. >> Okay. Well, I mean, you you know, in in Hollywood these days, I think you want
00:22:40
to buy out the forwards. That's my view. Get the cash now. Invest it yourself
00:22:45
because you don't know what's going to happen to syndication. Not that we want
00:22:48
to get technical here, but the world's changing so much in me. >> Oh, no. That's
00:22:51
>> No, we can getation died a long time ago. There's no more. >> Yeah. I my you know bread and butter was
00:22:59
sitcoms and then and even movies like you can do all right just reruns and reruns and reruns and it goes to HBO
00:23:05
then it goes to somewhere else and it goes you know grown-ups we joke it's keeping the lights on at TBS over there
00:23:12
it's on seven times a day and then it's grown-ups too so >> well same for us Shark Tank's on four
00:23:17
hours straight on CNBC at night so you know things go through the syndication process obviously by the way I'm a big
00:23:25
And I haven't told you that yet. I I think you're pretty good. I you know, I
00:23:30
don't have a big enough ego to say that, but I'm happy to do it. >> Okay. You're talking to me or Dana.
00:23:36
Don't say Dana. >> Both of you guys. Absolutely. Both of you. >> I appreciate it. That was nice of you to
00:23:41
come on. By the way, we uh we like what you do and uh I watch on these shows and
00:23:45
>> you know, Shark Tank is one thing and then when you see on these shows and
00:23:48
you're you're talking I I like that you hold your own against everyone and
00:23:51
you're not very political. You say, "I'll take it down the middle. So give
00:23:55
me any president just let's make some money. >> Yeah. You know this whole thing uh with
00:24:02
the way I've stayed out of trouble on this particularly in LA which obviously
00:24:06
is to the left and then the New York left and left and right. I don't care about that stuff. I'm a policy guy. Does
00:24:13
this make sense? Because I don't show for politicians. How can you? They come
00:24:16
and go like crazy. >> So I don't care about that. I care is this good policy and I invest a lot. So
00:24:22
I say this is a good idea. It's a bad idea. this policy works, this doesn't
00:24:25
work, you know, whatever. And that seems to have kept me out of trouble. I do as
00:24:28
many hours on CNN as I do on Fox. >> Yeah, I've seen you on both. >> Yeah, I do it on both. And I say, "Hey,
00:24:34
listen. This is what I think. And if you don't like it, it it's really interesting how um split and divided the
00:24:44
country is now." Wow. It's crazy. And I don't know why because the the essence
00:24:50
the number one export of America is not energy or technology. It's the American
00:24:54
dream. It's the number one economy on earth for all its faults and everybody
00:24:57
this and everybody that. I mean, I don't see people going under barb wire in a
00:25:02
river to try and get into North Korea. They're not doing that. >> No, >> that's happening here. And so people
00:25:09
still want the American dream wherever I go. And the Shark Tank thing's on in 54
00:25:13
countries. So I can go to Saudi Arabia and meet the leader because the kids want Shark Tank pictures. I'm not
00:25:19
kidding. >> Yeah, for sure. >> Amazing. It's an amazing passport. I'm
00:25:22
an ambassador of the American dream. I'm proud of it. And that's not red or blue.
00:25:27
So I go to Washington to complain about policy. They let me in both sides because everybody wants to create jobs
00:25:32
in their state. Who hates jobs, >> right? Um what is our secret sauce, you
00:25:38
think, in America? Is it it it we have more freedom than other countries to we don't have the government
00:25:46
um on top of us too much compared to other countries because usually in a lot of countries if you make money you're
00:25:53
kind of in the bullseye a little bit especially living in California you are kind of public number one you are the
00:26:00
rich who don't pay their fair share so it's a little disconcerting but I guess
00:26:05
we're just better than any other country if you want to pursue your dreams with
00:26:08
hard work. >> Well, I think it's about personal freedom. You know, entrepreneurship is
00:26:12
not a pursuit of money or greed. It's about the pursuit of personal freedom to
00:26:16
do uh whatever you want with your time. And that's the American dream. And if
00:26:20
you get it right, and some many people do, um you get you're able to do that,
00:26:25
provide for your family. Now, California, I don't think you guys are paying your fair share. You should be
00:26:31
paying 99% tax. >> I thought we did. [laughter] >> That's good. And that 1% that's good.
00:26:38
And then here in New York, uh, we have the big communist experiment going on and I'm cool with it.
00:26:44
>> I mean, I don't live here. I visit >> and I wish everybody the best. And
00:26:49
they're paying their 99.99% tax. And that's their fair share. All of it.
00:26:55
>> You know, remember that song Tax Man by George Harrison? >> Oh, yeah.
00:26:59
>> That was 99.2% tax on the Beatles when they moved to Francis said, "Screw this."
00:27:06
>> Right. Oh, is that how bad it was? How bad was it? >> Yeah. Yeah, it was. It was 19 shillings
00:27:11
out of 20 shillings in a pound. >> Oh my god. Because they were making the
00:27:16
most money. >> Why he wrote that song. And I think that gives you an idea that you don't The
00:27:20
great thing about America is the competition of states. You don't have to stay in New York or California. You can
00:27:26
visit like I'm doing. I love New York. I love the Rockets. I went downstairs and
00:27:31
bought some gloves today. I'm supporting the economy here, but I'm not living
00:27:35
here. And I've got my app making sure I'm here six months less a day and and I
00:27:40
wish [laughter] everybody for sure. >> And I'm telling you, the best real
00:27:44
estate agent in Florida is Mandami. He is selling houses down there like you can't believe.
00:27:49
>> Just the planes, they have to get extra flights. Just people are leaving.
00:27:52
[laughter] It's like Palm Beach. >> I'm telling people, stop moving to
00:27:57
Florida. The traffic sucks. >> Oh, that is that where your base is? Yeah, of everybody lives in Florida now.
00:28:03
All my Boston neighbors, all the neighbors here, every hedge fund manager I know, every finance guy, they live in
00:28:09
Florida and they visit New York. I don't know who's going to pay the taxes here,
00:28:14
but I this isn't going to work. >> Wow. >> Yeah, it's a tough spot.
00:28:18
>> Interesting. >> Believe me, I can't sleep. I can't sleep about it. That's it.
00:28:22
>> So, do you have anything uh just because we have you here, you're our first kind
00:28:26
of person like you on the show. Uh what's your take on >> like me? >> Yeah.
00:28:31
>> Well, that no no business. We can ask you uh just basic things about Okay.
00:28:37
>> Well, I know wine too. This is a pool of mantra. >> Oh, 22. Absolutely spectacular. And
00:28:43
[laughter] I deserve it because in about an hour I've got to head off and do that
00:28:46
whole red carpet thing with Timmy and Gwennneth and all the rest of that. I'm
00:28:50
taking my whole family with me, bringing my kids up for this. And um you know I I've never done this kind of gig before
00:28:57
but boy it's crazy like so jealous. You guys have done it. I haven't done it.
00:29:02
>> It's going to be wild. It's going to be loud and you're going How will you
00:29:07
You're going to get a lot of compliments. >> Yeah. >> You were so great in this movie.
00:29:11
>> I love it when people suck up to me. I really do. >> You're gonna get You're going to be
00:29:15
sucked up beautifully tonight. I don't [laughter] >> And it's going to be loud and it's gonna
00:29:21
be Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin.
00:29:23
>> I'm good. I'm good with it. I'm good with it. Then the afterparty. Um I'm
00:29:26
against drugs but not rock and roll. >> Right. >> Okay. >> Are you gonna What if they go picture
00:29:32
you and Timmy? Give him a little spank. Give him a little spank. >> Yeah, we've done that already last
00:29:36
night. [laughter] >> Are you wearing a big I think his ass has callous on it now after what I did.
00:29:43
>> Yeah, [laughter] his ass is one big callous. I think I saw that on Instagram. I admire him for saying,
00:29:48
"Look, I'm not letting a a stunt ass immortalize my ass in perpetuity in a
00:29:53
film. I'll take the hit so it's my ass." That was 3:45 in the morning.
00:29:59
>> I said, "Timmy, I mean, I admire you. An ass is an ass, and there's only one ass.
00:30:04
Make it your ass. Celebrate your ass and put it in this film for generations to come."
00:30:10
>> Well, this is a very I looked this up earlier. Shalom is French for ass bank,
00:30:15
which I thought was so [laughter] ironic. Just bizarre. You didn't know that. Now your tuxedo. Are you going
00:30:23
classic Carrie Grant, George Clooney, or are you going to be colorful? >> Not tuxedo. He's wearing a suit.
00:30:28
>> You're just wearing I'm going to I'm wearing, you know, I love it. What are
00:30:32
you wearing tonight? >> What are you wearing? >> Tell you no one else would ask you that
00:30:37
question. You know, I was talking like I'm talking to all the I wear Prada and
00:30:41
Dolce, but Dolce lately said to me, "Look, we can make you a tux from 1952 with the thread from 1952,
00:30:50
>> and I think it's going to capture the moment." I said, I'm I'm good for that.
00:30:55
So, I'll be wearing Dolce. >> Nice. >> I'm wearing Dolce, you know, tuxedo
00:31:01
slippers. >> I can't believe how good I look. I look spectacular. It's ridiculous how good I
00:31:07
look. >> And so, [laughter] you know, I'm almost embarrassed how spectacular I look, but
00:31:11
>> don't outshine everyone. Don't outshine. >> You know, I got to be careful. I don't
00:31:15
really want to do that. I'm just a supporting actor. But I think I'm going
00:31:18
to walk out there and the light's going to shine and grown men are going to weep.
00:31:24
>> Well, how how will your friends handle this new thing you've got that you're a
00:31:30
movie star basically now along with everything else? I mean, Mark, you >> I know they're I know they're my friends
00:31:35
because they don't give a [ __ ] They really don't. >> Okay. >> No one's jealous at this point.
00:31:40
>> The guys I hang with I've known for like 30 40 years. I mean, you know, before I
00:31:46
had any money and before I, you know, did TV or any of this movie stuff. Those are the because, you know, obviously I
00:31:54
have a lot of new special friends, but >> yeah, they're better. >> You know, that's my the
00:32:02
a long long time. >> We have a lot of old >> Quebec. >> Yeah. >> From Canada, Mount Royal.
00:32:11
>> Oh, you're Canadian. >> Yeah. I I was born in TMR and I moved to
00:32:14
Boston. My kids were all born there and grew up there. So, we have really interesting Thanksgivings dinners
00:32:20
because my whole family is American except me. Um, and so, you know, how Canada and US are [ __ ] on each other
00:32:25
these days. >> Oh, yeah. Yeah, >> personally what I think should happen,
00:32:29
you know, forget about the rhetoric is we should just uh join forces in terms of the economies. Canada has all the raw
00:32:37
resources and the US is the largest market and bulk up go to the American dollar as the common currency because
00:32:43
that's what everything's priced in in in Canada anyways. And then tell the
00:32:46
[clears throat] Chinese to [ __ ] off. >> Does Trump know this? Have you talked to
00:32:53
him? >> I have talked to him about it. Yeah, >> the Canadians are very proud. They
00:32:57
didn't like the >> Listen, I get it. I get it. But they will one day realize the enemy is China.
00:33:02
I don't dislike the Chinese people, but that government's nuts. And they wanted
00:33:06
world domination on everything. AI, army, economy, resources. I mean, if people don't understand that about China
00:33:14
yet, they're nuts because that's coming. And so at some point this whole crapola
00:33:19
between Canada and the United States because it shares, you know, the largest border on earth and it's the two richest
00:33:23
countries on earth in terms of resources. Yeah. And economy, you get together and you say, "Look, China,
00:33:29
>> don't [ __ ] with us." That's what's going to happen in the next 5 years. You heard
00:33:33
it here first. >> Does Canada have rare earth minerals ready to go? >> Big time. Big time. They got everything,
00:33:39
>> but they don't have the money to dig them up. as a stock certificate. Look,
00:33:43
it was run by an idiot king for 10 years. >> And now he's gone. >> Now there's a new guy. I didn't vote for
00:33:48
him, but I I want him to win. And I think he's smart enough to understand to
00:33:52
get the economy back rolling again. Canada's a very very rich country run by
00:33:57
idiots. >> Yeah. Is it Katy Perry's boyfriend still or is it someone else?
00:34:02
>> No. I mean, the Katy Perry idiot king combo, I offered her a free prenup. I
00:34:08
have a Shark Tank company called Hello Prenup and I'm providing her with a free
00:34:13
prenup because everything the idiot king touches goes to zero. [laughter] >> Idiot king like it is. I'm known as the
00:34:23
merchant of truth. >> I love it. >> Um all right, pick pick one of these to
00:34:28
talk about. AI bubble, Bitcoin affordability, the catch word of the day, the tariffs, Fed interest rates, or
00:34:36
anything else. >> You really want to talk about that [ __ ] Are you >> No, I I'm just You had any hot take? We
00:34:43
We are our our audience is highly undereducated when it comes to finance. Just basically Let's touch on crypto
00:34:50
because I spent a lot of time on that and I did a lot of work on the crypto bills. All you need to own in crypto if
00:34:57
you're going to get into it is Bitcoin and Ethereum. There are 10,000 shitcoins. You don't need need to own
00:35:02
any of those. 97% of the alpha, which is the price volatility of the entire crypto market, are two.
00:35:10
>> Just Bitcoin and Ethe. >> Oh, I didn't know that. >> So, just dump all the the poo poo coins
00:35:14
you don't need to own. There's not I mean >> Bitcoin. >> People come up with a coin. How does
00:35:20
that work? They just say, "I'm going to do a poop coin or fart coin." And then
00:35:23
they go, "Okay." Oh, it's up a million >> actually a poo poo coin itself now.
00:35:27
>> Okay. >> So, I mean it it's just like a Vegas speculation, but that's not where the
00:35:31
institutions putting their money. They're buying Bitcoin and Ethereum, but it's no different than digital gold.
00:35:38
Don't own more than 5% of your portfolio in it. You can make about 3% yield on
00:35:43
it, which is not a lot. I mean, don't speculate too much. I mean, some people
00:35:48
just never own Bitcoin because they don't understand. You can't touch it.
00:35:51
But it's sort of like a digital version of gold. Gold's been around for 2,000
00:35:56
years. Bitcoin's been around for 16 years. So, a lot of people don't trust
00:35:59
it yet. >> And is there a is there government uh own crypto or is that is that going to
00:36:05
hurt Bitcoin if that happens or has already happened? >> The government approved stable coins
00:36:09
which are is a digital payment system backed by the US Treasury. Yeah, >> that made sense and it's being used like
00:36:15
crazy. It's only about 4 months old, but all the banks are starting to make their
00:36:19
own uh stable coins. You can get if you want to use a stable coin, just get Robin Hood or Coinbase, put it on your
00:36:26
phone, >> move $1,000 into it and learn how it works. It's very easy to transfer, very
00:36:31
low cost, very transparent, very fast. Certainly beats a bank transfer or Fed wire. So, if your kids in college, you
00:36:38
want to send them 400 bucks, much better. And believe me, your kid has a stable coin wallet already.
00:36:45
Yeah, Coinbase was tough to get on. I mean, I think was that Heather, we were I was getting on and throwing some uh
00:36:51
you know, I got a few beans in my jeans, Kevin. I don't know if you've read the
00:36:54
papers, but uh so I put a little money in. >> No, you were definitely a beanologist,
00:36:59
>> so [clears throat] I put it in. But getting on Coinbase, I was literally
00:37:03
calling them and begging them to like take my driver's license and all my bank
00:37:06
account numbers. I go, God, if they wanted to me, the know your client stuff is brutal.
00:37:10
>> It's unreal. I was like >> hard but once you get the account it's
00:37:14
useful you know just call me I'll call the CEO for you. >> Okay. Thank you. That's really what I
00:37:19
was heading for. >> Ryan, he's a guy. >> What's the most impressive Oh, sorry. Go
00:37:24
ahead, David. >> No, I was just talking you mentioned CEO. I I'm curious about the uh how much
00:37:31
influence a CEO has on a company. What do you think is one of the smartest ones you've ever met?
00:37:37
>> Elon Musk. >> That's what I thought you'd say. >> Yeah. This guy is he's only a third of
00:37:42
the way through his career and look what he's achieved. The guy is 100% signal,
00:37:45
no noise. A little awkward socially. My son worked for him for five years. >> I met Mark Brenette's house a couple of
00:37:52
times, >> a big party Mark used to have. Doesn't do it anymore because he lives in
00:37:56
England. >> But um as soon as he realizes he's not gleaning any information of use or value
00:38:03
to him from you, he just walks away. [laughter] >> Yeah. Without >> I actually like
00:38:07
>> I like them. >> That's funny. I mean, he does seem like all biz, no [ __ ] But there's
00:38:13
tunnels under Vegas. >> Smart as poo poo. >> I can't imagine a an engineer first in
00:38:19
some ways. At least that's how he sees himself that he goes if there's problem
00:38:23
he goes and sits with the other engineers. Starlink is the reason. >> That's the thing. All the engineers on
00:38:28
earth want to work with him, including my son who's an electrical engineer. His
00:38:31
whole cohort that he, you know, he he beat MIT with electric car F1 race. Elon hired all of them, moved them to
00:38:37
Fremont. He worked on the low voltage team for five years. >> And then he said, 'Look, I want to go
00:38:43
get uh a design engineering degree and an MBA. And I said, 'Listen, good luck
00:38:47
with that because uh there's only 20 seats at MIT and 22 at Harvard and nei you're not getting into either of those.
00:38:55
But he got one of the directors at at uh Tesla to write him a letter and he got into both of them. And he went to
00:39:02
Harvard because there's more girls there. So I applaud him and he's coming
00:39:05
to the you know. Oh, he'll be there. >> I bought him a Tux in Boston. Right on.
00:39:11
>> Oh, from 19. >> He's coming to the the show tonight. He'll be there at
00:39:15
>> Yeah. I got the whole family coming. I'm bringing the whole crew and my
00:39:19
daughter's new boyfriend. I love him. He's got a job. That's fantastic.
00:39:22
>> You're kidding. >> I'm very excited about that. All right, I have another boring
00:39:29
question just because this got too interesting. Um, I just read Ford's F-150. They're they're they lost 19
00:39:35
billion on the electric truck. Is it cuz guys don't want electric truck if they're a Ford truck guy?
00:39:40
>> Uh 19.2 billion. Uh one of the largest write-offs in automotive history. Uh bad
00:39:47
policy. This idea that everybody in America wants to go green, but if you're
00:39:52
in Fargo, North Dakota, there's no green when it's 40 below zero. You need a
00:39:58
truck with diesel or gas in it. So, uh I guess they didn't think that one through
00:40:03
too much. And China's dumping lowcost EV. The only thing we got going in America is Tesla. It's the best EV in
00:40:11
the world because it's designed from scratch, but it's not a lowcost vehicle.
00:40:16
>> They're going to try and do that with the Y version. There's a competition.
00:40:19
China is subsidizing EV, selling it to every country on Earth at a half of what it really costs. I'm telling you, we're
00:40:26
in economic war with those guys. They're not good guys. And that's why I think we
00:40:32
should bulk up in our economy and and say to the Chinese, don't mess with us.
00:40:39
>> I might join in that. >> That's they're Is it called BYD? Is
00:40:43
their little electric vehicle that's selling all over Europe? I >> I think they're called shitball
00:40:47
expresses, but it doesn't matter. [laughter] >> That was that was my second question.
00:40:51
>> They're very very inexpensive. Yeah. you know, and and they every country on
00:40:56
earth is is buying them because where else can you get a $15,000 shitball express? Yeah, I see little trucks they
00:41:03
say they want over here that are looks like they're way cheaper than everything
00:41:07
>> in the end end of the day because you're looking at America and it's it's
00:41:11
controlled chaos in a sense because it's a free market and it's ad hoc and we see
00:41:16
and then we see a command and control dictorial uh economy in China and sometimes you go
00:41:22
wow they can just build that and do that but it seems in the end of the day all the cool stuff comes from America
00:41:28
>> you know >> no they just steal it all everything in in China, if you go back
00:41:33
at the tech and go back 20 years, you're going to find American and German French
00:41:36
source code in it. They steal everything. They have no IP laws. You can't sue them. The World Trade
00:41:41
Organization, they joined it, you know, 2020 and they've never abided by the
00:41:46
rules. I've tried to sue them. Nobody can. They they rip off everything. I mean, I'm just telling the truth. And
00:41:51
that's why I'm glad, you know, whether you love Trump or you hate him, at least
00:41:54
this administration is taking them on saying, "Okay, we've had enough of this
00:41:58
crap and we're going to give you some consequences." And he started with 100%
00:42:03
tariffs. I mean, it's a difficult conversation, but they steal, they cheat, they don't give a damn. And I
00:42:09
think it's got to end. It's not it's it's not a level playing field. I would
00:42:13
love to sell Chinese people's stuff. I don't want my I don't want my IP ripped
00:42:17
off. And that's what happens. And so >> it's a very we can delist our companies
00:42:22
off our exchanges. We can not allow them to sue our I mean they sue us in America
00:42:29
and we can't sue them in China. >> Right? The >> hell is that? >> By saying don't let them have access to
00:42:34
the courts. >> Can they buy land here? We can't buy land there. >> Not the Chinese people. Just the Chinese
00:42:40
government. They understand the stick. You got hit them with the stick. They like they understand power. That's why
00:42:45
we got to bulk up the economy. that Canada resource combo with the US economy. Okay,
00:42:50
>> I know all the crap going on with, you know, the Canadian versus US crap. But
00:42:54
I'm a guy with a foot in both countries with a family in both sides. And I understand the opportunity. I'm not a
00:43:01
negative guy. I'm saying by the by the time this is over, everybody in Canada
00:43:04
is going to say, "We got to bulk up because the Chinese are going to come right over the top." And I don't I I
00:43:09
definitely don't ever want to work for the Chinese guys. >> I Yes, I have a lot of affinity for
00:43:15
Canada. My wife was is part uh half Canadian and I'm from Montana, Alberta and all that. I mean, so it would be
00:43:23
nice if we could become incredibly cooperative this way. >> We will out of economic necessity and
00:43:29
all this [ __ ] will be over soon. I'm an optimist about that. And you know, I
00:43:35
I go back and forth all the time, too. I don't like the winter anymore, so I live
00:43:39
in Miami where the taxes are Everybody lives in Miami six months and a day. Everybody, you know, [laughter] lives
00:43:45
there. >> So, [clears throat] there's citizens. Is that what it is? >> And by the way, it's it's, you know,
00:43:50
Miami Beach is its own country. >> Miami Beach. Miami Beach. >> It's great. Yeah.
00:43:55
>> And Tennessee. We have friends in Tennessee and also Texas. >> I like Tennessee, but it doesn't have
00:44:00
zero sales tax yet. Talking to Hagerty about that. Let's get that done. >> I have to pay some sales tax on my new
00:44:07
Gibson Mr. Wonderful. >> I made a guitar with those guys. It's actually a 355
00:44:14
>> George Harrison red with a 335 neck. If you're into guitars, that's a pretty
00:44:20
cool guitar. >> Wow. Or do you play or you're just a collector? >> I like to think so. Thank you.
00:44:25
>> Oh, okay. Acoustic or electric or both? >> Both. Both. I got a lot of guitars. I
00:44:29
used to own a piece of Fender, so I got a lot of um Fender guitars, too. I like I like them all, but a Gibson uh SG
00:44:37
classic and of course the 355 Hollow Body that's got a sound. A lot of the Beatles tracks had that on it. You know,
00:44:44
it's it's very interesting. >> 58 Les Paul was a good one. Um I like uh
00:44:50
music too, but >> I'm learning I'm learning how to play better because I I just don't get enough
00:44:56
time to practice. But in this hotel, I keep a guitar and an amp. And what you want to do is slow down. You listen to
00:45:02
the old blues guys from the 40s and 30s. >> They weren't running up and down. They
00:45:08
were keeping it slow >> feel. >> Do a great note. Don't we, my brother
00:45:14
and I used to call them uh typewriter guitar players just and then you'd see
00:45:19
someone like Albert King or something and go, "Okay, this note is like the last note he's ever going to play. He's
00:45:25
just not going to play that many notes, but they're just magic." So, I totally
00:45:29
agree. You play less notes with more feel. >> Yeah. Do you like being called Mr.
00:45:35
Wonderful still? Did you like that or is that >> Well, look, it's you know, it's just the
00:45:39
truth. What What am I supposed to say? [laughter] >> Well, we uh Anything else for this young
00:45:47
man, Dana? He's been nice to sit there. >> I just I love that uh we we got to get
00:45:52
together with Canada. That's my takeaway. I love that you play electric guitar in your room and uh you're kind
00:45:58
of have fun with the idea of your confidence and I want to adopt a little >> listen go if you're going to go see
00:46:04
Marty Supreme, let's do a plug for the movie. Don't go alone. >> It's an emotional wrencher and go with
00:46:11
the community. Go see it in a theater because it was shot on 35 mil film. It's
00:46:16
not >> by that Darius guy. >> I hated him when we were shooting it because he would set take two hours to
00:46:22
set up a single shot. >> Yeah. Now that I see it, >> yeah, >> by the way, do you really think he was
00:46:27
punished enough for what he did? >> Well, he plays uh I'm not [laughter]
00:46:34
an incredibly aggressive person who's very unscrupulous. So, I don't know. The
00:46:41
very very end when she said, "I don't want to give it away." They did this.
00:46:44
>> No, I don't want to give it away either, but I won't. I mean, he did not You
00:46:47
can't [ __ ] me over that way and get away with it. That's what I kept telling.
00:46:52
That's my brand. >> Well, you're you have a point, but uh it's an interesting ending. It's a very
00:46:58
intense ride and uh you're all all the performances are great. All the character actors in
00:47:03
>> Go see the movie. It'll entertain the hell out of you, but I I got [ __ ]
00:47:06
over. >> Yes, >> Josh Safy makes a good movie and I've >> Kevin Ory gets [ __ ] over and Academy
00:47:14
Awardwinning [laughter] movie. >> Ending sucks, says Ori. Okay. All right.
00:47:22
It sucked because my wife said it was perfect. My daughter loved it. My kids loved it. And I said, "No, it's not
00:47:28
enough punishment for him." And anyway, >> the point, but it was it's a great
00:47:32
movie. Congratulations. Congratulations. >> Enjoy the premiere tonight. >> Yeah.
00:47:37
>> Take care. >> Hey guys, if you're loving this podcast, which you are, be sure to click follow
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on your favorite podcast app. Give us a review, fivestar rating, or maybe even share an episode that you've loved with
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video now. >> Fly on the Walls presented by Odyssey and [music] executive produced by Danny
00:48:02
Carvey and David Spade, Heather Santoro, and Greg Holtzman, Mattie Sprung Kaiser,
00:48:07
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