20 Episode results for "Hathaway"

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"The word shopping children are you. Is it really someone having hallucination. We Are no vision. No you seem to be real. I still ship come down. I looked website was losing my mind. It's been so many his I'm captain John Parsons these on my assistants Stuck Evans and Mr Williams we returned from us and it's happened would not alone any forgive me gentleman. I see moved. I hope for so long survive radiation we did that is my family. Were the only ones I handed the poll moment ago. who wasn't you heard Mabel his doctor? You'll mice choice to break. The loneliness recorded my voice in rigged up an automatic telephone predicted to hear the full in ring. I come here to do my work. I take it your medical. Then my name is Cornelius hathaway hathaway hathaway the brains dude you know my name. Who doesn't I watched you on television college? I saw you twenty twenty three years ago. You propose a difficult surgery for a cerebral joma. Mom's thank you. I must've gotten met my mind. I almost eighty now. You look fine. We've had the best of everything in Tire City to choose from colour storage the best equipment come when I saw you ship. I told Alice my my wife. You're no to prepare a feast. This is a great day for me. Gentleman a great great day UH this is my wife Gentleman Alice Captain Parsons Dr Evans and Mr. We know if you'll follow me gentlemen who we meet my children beautiful woman. She looks no more than thirty five these daughters Susan and Marguerite this is my son John. She should down down. We'd have a feast and on this occasion. Susan Migrate Get the Best Silverware and the Democrat Napkins. John Fetched Glasses. Oh yes father in law. Excuse me John Assist. How old are you twenty-three sir? Thank you know if you'll excuse me. What is it captain something wrong? Nothing except that it's impossible you see Dr Hathaway son was already in college when I started at we're make him at least forty five <music> wonderful meal Mrs Hathaway Doctor. Your wife is an exception of a woman. How would you gentlemen likes him? Fresh gingerbread your coffee. I think it this morning wonderful smell that Evans coming home. We enjoy having your here Mrs Hathaway May I compliment join. You haven't preserved your youth and beauty so well thank you we have had no worries here. No competition only the things we need for material comfort person I will wondering Dr Hathaway the radio-activity had any effect in preserving tissue. Your children all look so young to it. It is puzzled. Gentlemen of course radiation does strange things living tissue Alice. Could we have some champagne of course. I'll only be a moment an amazing. Did you Z.. Such grace such complete relaxation doesn't seem quite natural Gebran captain processors just about to ask how you and your family managed to escape duck that we're very fortunate. I was working in Sierra Mountains at the time till I in one thousand nine hundred nineteen fifty one dimension Exxon Classic Radio Theatre will return in four minutes news of the day from sixty eight years ago today. You'll do it right to spend less than the things you need to update organize your home. Lows is here to help we save every day plus bonus savings this week upgrade to a newer more stylish ceiling fan and save up to twenty percent off select harbory ceiling fans reclaim your space with eighteen gallon totes now just four dollars ninety eight cents each and available in four colors Coral Turquoise Green and grey whatever's on your To-do list today and every day do it right for less start with lowes offers valid through seven twenty four U._S.. Only hi I'm Jay Farner C._E._O.. Of quicken loans America's largest mortgage lender. Let's talk credit card debt for a minute. If you feel you're carrying too much of it. You're not alone. 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Or call one eight hundred nine five one eight one seven seven five the best deal ever and by the way that Promo Code U._S._A.. Works on anything in the my pillow website my pillow dot Com Classic Radio Theatre on your favorite station while listening to an episode dimension X as it was broadcast sixty eight years ago today Thursday July nineteenth nineteen fifty one in the newspapers of that Thursday sixty eight years ago. These were some of the headline dateline Tokyo Allied and communist WHO's negotiators Mexico the seventh time in case on to thrash out the major issues delaying agreement on an official armistice program. HM official allied announcement said the negotiators agreed on two major issues but still had at least one to settle the communist indicated. The stumbling block was whether the place withdrawal of all foreign to some Korea on the agenda meanwhile from Washington Ninety Thousand Veterans and Korea will come marching home in the next ninety days under the army stepped up I in Perth out rotation plan recruits from the U._S.. We'll take place an army announcement yesterday said the rotation rates reach thirty thousand this month and kept at that level to the next three months dateline Washington. The administration took a new beating on the price controls front yesterday but stayed up attempts to weaken. It's president wage stabilization program the G._O._P.. Southern Democratic Coalition in the House closed ranks to middle men's property guarantees guarantees that price officials said enforce boost in the retail prices of many foods house also turned down President Truman's request for a one year freeze a farm parody or fair price standards but attempts to change the makeup of the wage stabilization more than limited spowers hours to handle non-wage disputes were turned down I- substantial majority dateline Washington Secretary State Dean Aitchison Opera Britain and France reassurance yesterday they will lose neither arms eight Nord. They're standing in areas to be dependent if this country country makes them military arrangement with Spain dateline Washington after eighty six years of existence the U._S. Secret Service became a permanent agency of the government for the first time on Monday. President Truman signed a bill ending the secret services to your basis and asked Secretary of Treasury sneider how come we've never done this before. Snyder said we tried several times before but this time we rolled up our season went to work on. We got excellent cooperation all the way around dateline Washington a final. I don't see by city plan for allocation. Television channels may be ready by the end of September chairman Wayne Koi of the Federal Communications Commission said yesterday but Koi Making Command appearance before the Senate Commerce Committee made no outright promises that Martin depends Lindsey sent on whether the commission must conduct further hearings Dateline Pilot Point Texas O._B.. Rich probably will be before long for Twenty Years O._B.. Rich worked hard telling the soil on this two hundred Acre farm near Pilot Point Point Texas now producing oil well has been brought in and riches getting richer though some of the vase top news stories is reported in the newspapers of Thursday July Nineteenth Nineteen fifty one on on your radio dementia necks which continues now on Classic Radio Theatre. We're very fortunate. I was working in Sierra Mountains. At the time I had led line laboratory where I did x-ray research my pet project what is that the studying machine does that relate to human function and the corollary of well through continue when the dust cloud cover Domenica we remained in the laboratory well supplied with food and Water Lehto and the radiation committed. We made our way east back to our old home in the hopes of finding other survivors but by that time every living creature been evacuated demise we were stranded. The migration unshipped didn't wait for stragglers. That's true my father I on the last rocket out of New York. I've always loved this old house but the loneliness of those First Years East you had your wife and children he you. I had my family if it will not for them. Gentlemen I assure you I would long ago. Put a bullet in my head champagne kept it. Oh thank you Mrs Hathaway. May Ah may I propose a toast. Let me gentlemen to us to <hes> may she never be a stranger to man. What is it just pain in the chest? I think he should lie down. Let me know John and Susan will of course why don't you gentlemen go out on the porch. Joy the well in the morning good night Dr Come John Well. What do you think of old mother Earth? Now Williams smelled at some a breeze view of the city light up against the sky it it has a certain quality score one point for the back to Earth proponent. I didn't say that you're beginning to feel it though Williams I can tell you don't mind gentleman. I'm quite tired. I think I'll turn in excuse well captain well. What what do you make of all this? I don't know what you mean this hathaway and his family. There's something strange and unnatural going on here. I can sense it. I think you're reading things into heaven so uh-huh perhaps I'll I'll turn into coming in a moment. I smoke a cigarette beautiful views. What is it not? I don't care you come out. How is he wristy? I've never seen him this bag. Yes he's an old man. I'm sorry but the difference in your ages so apparent. You must have been married very young. My my husband is a very great man captain. It's too bad there was no into appreciate him. Once he wired the whole city with sound speakers and when he pressed a button the whole town lit up and made noises as if ten thousand house people were living in it. You must have been very lonesome for people although with a woman such as you don't understand perhaps one day you will understand goodnight. Get denied Mrs Hathaway <music> Captain Captain Who is that Dr Evans time is what's wrong. I couldn't sleep a few minutes ago. I heard someone slip out the front door light. I saw it as the old man he was headed toward worship. What are you suggesting nothing accepted expanding unnatural for no man with a pad hot to go wondering off to in the morning follow him see yet no L. Look I had there on the hill sign that headway kneeling moonlight? Yes I think so. Can we get closer for that. Clump Bushes enough doing there. What are those things on the ground grave markers for them right seems to be praying over them less? Forgive me for what I've done. I had to do it. Ah debatably lonely you do forgive me doing too. I do think perhaps can rest no. I think he's having another attack. Come on how the way at the hathaway raises. His lips are moving. What is it DR I? I'm sure despoil on his. I've expected it for some time with sexual. This is the infamy. It really doesn't matter doc except for them. What about them hathaway? You you suspect Joe is suspected but I couldn't believe it until now do. They know no. They wouldn't understand I I I would want him to know. Don't try to talk so did he knew it as the end this time yes. He knew what was it he meant about Joyce's SPEC Line Matt Allen's knock on those four grave markers and tell me what you see good Lord Alice Hathaway Marguerite had away Susan Hathaway. John Hathaway died July nineteen eighty seven seven. That's twenty years ago. If these marcus correct then who are those others can't guess seven. Can't you guess in July Nineteenth Nineteen fifty one dimension x the conclusion in three minutes on Classic Radio Theatre. What a fly hi somewhere looking for cheap flights or cheap tickets then call that's right call the low cost airline travel hotline now for prices so low? We can't publish them anywhere. Low Cost Airlines has all kinds of cheap travel deals fly domestically and save up to seventy five percent. 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Eight licensed Genius Commission License Service me adversely affected individuals debt finance charges collections to including legal action not thanks for tuning eating in on this Friday edition of Classic Radio Theatre on your favorite stations Alec Conclusion of dimension x till I nineteenth nineteen fifty one Mrs Hathaway I awake yes captain. May I come in yes. It's about my husband isn't it. You knew I saw him. Go out tonight. He feels it was near the end. He died less than an hour ago. I'm sorry thank you. How do you feel? He told us it would happen one day and that he didn't want us to cry he didn't he just how you said. It was the worst thing that could happen to know how to be lonely and unhappy. What will happen to us now that he's gone? I don't know will you stay with this. I would like to but I cannot you know about this. Yes I know. I didn't think that you knew yourself the children don't I've been wear for alone while guest you're so perfect. Oh he would have liked to hear you say that he was very proud of his after a while he came to love us and at the end he took her says his real wife and children even forgot sometimes that he had made us you gave him greatly comfort. Yes over the years we said and Tom He loved so much to talk. I was I do know then. He became lonesome for the children and so he made them. He told me about the things he did about his laboratory. Sean of the children suspect you see there were no other things with which to compare consumers. You must have been great great genius each morning he took a recording his voice into town and put it on the automatic telephone eight nine. It would call us. I think what were the phone ringing the sound of races and the lights on he was happy there was only one thing one flaw that he couldn't make us grow ooh and so he had to watch himself become an old old man why we stayed young it was a great blow to him <music> and so we commend the body of this man Cornelius hathaway the way to his maker ashes to ashes dust stood us return a can yes Ma'am Evans Williams. Stay hit a moment please. What is it nothing go back to the house? I want to speak to you. I know what you're going to tell US captain. I saw the names on the grave markers well. It's a mockery of blasphemy of everything we believe in for men to do something so either Pan to imagine what he faced had you imagine what it must have been like have watched his wife and children die slowly of Radiation Buns to know that he was the last man on the Earth alone economy and unalterably alone Lord Man. What would you have done if you've had his MIC? His medical technical genius credible traded yes it is but with an entire American city on which the draw for supplies and equipment a brilliant man might accomplish anything even back. What are you suggesting captain? Had We take them back. We have enough space ship for that. Every ounce counts still leave them here like that alone. I think I have an answer cold blooded as it may see a lawn. I suggest that we turn them off. Deals that I do know oh but I could after all they aren't human. They're worse than we're robots. They're ghoulish. Have you talked to her as she smiled at you with that quiet beautiful smile we can't take them with us and it would be less than human delete them here without hathaway. Could you do it. Adams gave me the blast gun winnings. Wait under shipper. Take often half an hour six twenty five. He should be back soon. Yes he's doing the only humane thing captain they are less than human <hes> well. It's done now and no one will live. That's the airlock he's back. Well is your gun did did you do it. When I entered the house? She looked at me with those fine. Intelligent is I couldn't do it. It would be murder cold-blooded murder. I prayed you wouldn't be able to do it. They will never be anything as fine as they are. The last two hundred three hundred thousand years got the cause of the integrator Williams. We'll take up in twenty minutes. I should be backed by then. No going outsor- I'm going to say goodbye. You've come back to say goodbye. It was nice of you. I wanted you to know that I am coming back someday. When will you come? I don't know Ooh we'll take many years. Prepare fuel for another trip six seven perhaps ten years I will watch the sky night guest this he wants it. I'm afraid I must go now. I understand strange. I have a new feeling one which she did not teach us feeling of longing sadness that one is not taught that comes of being alive. I am even though he created me. I'm a person I know Goodbye Alice Hathaway goodbye John Parsons <music> it you have just heard another adventure venture into the unknown world of future. The world of time comes comes from end to explore the universe to deal with a strange inhabitants of other words. There will be much to remember. Perhaps the most important lesson of all blue seem to fundamental included in the training manuals. Listen to this time next week as dimension x brings story from the pages of the Aug astounding science fiction story called courtesy dimension x is presented each week by the National Broadcasting Company in cooperation with screened Smith Publishers of the magazine Astounding Science Fiction Today Dimension X has presented Weller in silence written for Radio Hi George Leopards from the story by Ray Bradbury featuring the cast where Peter Capellas Cup in Boston's Bill Griffiths as Dr Hathaway and Gertrude Warner as ours. Your host was Norman Rose Music by Albert Berman Dimension Access produced by William Welsh Ocean directed by Fred Way July Nineteenth Nineteen fifty one dimension Exxon Classic Radio Theatre. Please visit our web page classic Radio Dot Stream there you can stream are classic Radio Theatre podcast learn more about classic classic radio collecting in contact me their classic Radio Dot Stream and of course are podcasts are available anywhere by podcasts or serve. I tuned speaker the iheartradio APP to search for U._S._A.. Classic Radio Theatre I'm N._Y.. Attacks thanks for listening. Please thank this radio station support the advertisers and tell a friend the great radio shows are back Classic Radio Feeder Right here on your favorite station and the U._S._A.. Radio Network have a great weekend introducing my four ninety nine Hickory smoked Bacon Double Burger crispy onion rings and Barbecue Sauce Combo ally not just call it the four ninety nine Barbecue Bacon Double Cheeseburger Combo that is better Olea Jack in the box plus tax limited time only at participating restaurants. You're listening to the hot land-use Feed Radio Radio Network at live dot hotline Newsfeed Dot com new service daily newscasts the Tuesday July twenty third two thousand nineteen. I might clifford a bipartisan deal reached to avert a U._S.. Government Default Fault also on our Tuesday rundown a new report calculates the high hospital costs for employers plus. A new bill could help protect Florida's at risk wildlife. I our top story president. Donald Trump announced a bipartisan deal to suspend the U._S.. Debt ceiling and boost spending levels for two years capping weeks of frenzied negotiations that avert the risk of damaging payments to fault that from Blooberg News they report our congressional leaders pledged to support the bipartisan compromise that left all sides on satisfied but focused instead on provision they could count as a win house has to approve the agreement this week before members leave July twenty six for six meek recess the Senate could put to vote as late as next week. Commercial Insurance plans pay Colorado hospitals on average almost three times what Medicare pays for that same care hospital in Fort Morgan charges nearly eight times more than Medicare reimbursements. That's according to a new hospital value report on pricing and performance Bob Smith with the Colorado Business Group on health. One of the groups behind the report says current incentives in place have boosted stock values but the marketplace marketplace is not working for firefighters and school districts who have been hit with rising costs Colorado hospital net profit is four to five times. The average hospital in the country insurers have seen their earnings per share. Go up anywhere here from three hundred thousand percent in the last decade. The system works really well for them. The report found that performance outcomes very as much between as within hospitals and Smith says there seems to be no reliable correlation between price and quality quality of Care Hospital administrators have long argued that higher costs are passed along to commercial plans to help make up for what they believe are insufficient Medicare and Medicaid reimbursements hospitals also charge more to cover the costs of treating people who can't afford afford to pay. I'm Eric Gladys that report was released Tuesday by Smith's group and the Colorado Consumer Health Initiative a cut in state funding will severely impact a program that helps people with disabilities remain in their homes Agra sears tells us that's the message advocates for people with disabilities want governor Andrew Cuomo to hear the consumer directed personal assistance program allows people who need home care to hire those who provide that help including friends or family only members the program helps more than seventy thousand New Yorkers get paid assistance from people they already know and trust instead of relying on agencies to send strangers into their homes. The state budget cuts the funding for the fiscal intermediaries who administer the program by one hundred fifty million dollars according to Heidi Siegfried with the Center for independence of the Disabled New York that will effectively end availability the program for many participants Glenn they meet areas are saying they're just not going to be able to manage managed this and having hundreds close their doors. He's going to be no other school intermediary that the worker and the consumer can turn to continue to provide the service. The State's budget office says the cut will not reduce the number of people enrolled in the program or the hours of care they receive and Lexington Kentucky's Horse Park opened the public with free admission Saturday July the twenty-seventh what's called hats off day. It's all day event celebrating the State's horse industry. Here's Daddy Ramleh got the family friendly openly festivities include face painting educational booze and Grand Prix show jumping competition that draws internationally known horses and writers along with Free Horse Rights Doctor. Tom Riddle is the veterinarian who launched Hats Off Day nearly twenty years years ago so if you've never ridden horse before you like to come out and sit on the horse and ride it around you may for children they're free pony rides. There are a lot of great activities for the whole family hot thought they is the only day of the year that admission to the Kentucky Horse Park is free this year's theme highlights the important role of police and therapy horses growing evidence suggests that therapeutic horseback riding known as hypnotherapy may help children and adults with physical or cognitive impairments and finally shrogams tells US Congress is considering a bill that would direct nearly one point four billion dollars to fish and wildlife agencies introduced in the House by Michigan Democrat Debbie Dingell and Nebraska Republican Jeff Fortin Bury the recovery America's Wildlife Act aims to help states protect an estimated twelve thousand at risk species officiant wildlife across the country Preston Robertson with the Florida Wildlife Federation says Florida is unique with its semitropical tropical climate growing plants animals and insects that exists only here but are being squeezed out by rapid development and all of a water quality issues blue-green algae and red tide. We need to do something to make sure that it's over a thousand species that have been listed by the state that are in danger of becoming <hes> extirpated from the state. The funding would help Florida implement its action plan designed to monitor species health and pinpoint which ones and their habitats need to be conserved before they become rare and costly to protect the bill has seventy five coats sponsors including representatives Charlie Crist Matt Gaetz and four other Florida lawmakers it now needs a vote by the House House Natural Resources and budget subcommittees o'mara points out the outdoor recreation industry relies on healthy sustainable fish and wildlife populations. I might Clifford for public news service. We are member enlisted supported and were online online at Public News Service Dot O._R._G.. That's considered the secret life of the most nesting doll living most of her life in the dark inside the other nesting Dole's she has plenty of time to think if we could sadly she has no brain however when in most nesting doll here's the gyco not only saves people money but also has been providing great service for over seventy five years. She thinks it's obvious you should switch because yes switching to geico is a no brainer pity in most nesting dollond her lot in life life the U._S._A.. Radio Network presents presents the greatest radio programs of All Time Ladies and gentlemen the story you're about to here is true. Only the names have been changed to protect the innocent dragnet. This is classic Radio Theater Guy Earth Communist so everybody now. Here's your host why it talks J. Edgar Hoover favorite radio program. This is year F._B._I.. This episode entitled the Walkie Talkie. Stick ups was originally broadcast July Nineteenth Nineteen forty-six. This is your F._B._I.. This is your F._B._I.. An official broadcast from the piles of the Federal Bureau of Investigation presented a public service by the equitable life assurance society fire in the United States and the equitable society is representative in your community the F._b._i.. File while walkie talkies stick up <music> during six horrible years of war billions human beings were slaughtered and today countless millions are homeless and starving all because the younger generations of two nations have been imbued with a savage contempt for the rights and the property of other grown up in the belief that the way to get what you want was the steelers and if necessary use a gun today the lives and writes some property of American citizens <hes> being being assaulted by the biggest army of criminals and the country's entire history. I wold on more than one out of five is under twenty. One years of age and the percentage is increasing thing last year. The largest number of arrests in all age groups was the boys and girls seventeen years. Old Boy is more or less like those and tonight's case from the files of your F._B._i.. Were Young Jack. Jay's who's crippled leg long since earned him the cruel nickname gimpy spent most of his time and this little workshop from the seller of the Chase House in Cincinnati fanatic was that afternoon with younger brother Freddie and buddies running-mate Knuckles Butler brought him a problem the soul for them when we come in Jack <hes> sure Callahan go ahead knuckles. Okay knuckles want you to show us how to work something. What are you got you lay off what you're doing them in Gimpy we'll show you my name is Jack? Okay these things Jack Walkie talk radio sets a brand new <hes> and the U._S.. Omni stamped on them to know kid. What did you knuckles these fuddy well? We just got home from the army. He had them and we borrow okay okay yeah. That's right Jack <hes>. That's where we got him. I see how do the work well. They have to be said the same frequency first manoir show you see we'll make it a hundred twelve megacycles. We'll make the wavelengths about two and a half meters. What does that mean Jack Well? <hes> would take too long to explain you want us of too. Don't you yeah let's see we I. I brought the antenna like this. When you WanNa talk whether you flip the switch over this way what about on the other guys talking back I got it now? How can we tell these things are working well? I'm glad side and we can make contact okay leaders which like it is till you write. Doc looks like it's going to be real easy. Knuckles yeah the frog now. He said wait for him. I ain't gonNA attack knuckles over yeah sure swell. Let me say something way. A common going to help you out in that job switches open himmy. He didn't say job he said Joe. We're GONNA take these things out tonight and have some fun <music>. You're not. I'm on the root for the warehouse. Dope talking unless you gotta warn me about some everything is still clear down here. The stairs lead done inside and islands is supposed to be on the top floor so take me long just keeping watch out for the cuffs. I'm going down and now I have. Tom Glad I'm Michael. The police car ten the corner going to hold the warehouse. Nothing wait a second. No it's going on by race kid from Minnesota X.. Times super don't Holler unless it's real trouble shut up. That'd be don't move and you won't get hurt. Okay Gotcha. Come down the steps. I heard you ever since gotten a roof yeah. I just wanted to see how you at work. So now you know yeah what is smart he was more Kentucky's. Wait a minute that switch so you how can hear what's going on WanNa get him to. I don't ask him but tell you give me that. I'll switch and tell you what to say actually all right now. When I flip the switch you gentleman I say for it and tell them get sure I got you get this shirk? I'll get the nylons it'd be with you. Aw Two hours later that night in the Office of Agent Charge Revere Cincinnati field office the F._B._i.. I'm a night watchman down to Medford brothers warehouse Mr Rivera who seem to taking credit going over yeah and I'm pretty good knocked ahead. I guess what happened. Well alive already reported the regular the police but I thought you fellas might be be interested to. He's a burglary. Yes a couple of hours ago. Two kids folded kids off a lot of them getting in trouble these days yeah oh I came to you. I remember reading in the paper this morning about that army stuff that was broken down on the river docs last night yes yes there was something not dealers in walkie talkie radio said stolen these kids tonight. Mr Beer used walkie-talkies. One of them was supposed to down the street for lookout while the other one come inside side but the roof the steelers from NYLAND's soon. I should have held on the one kid I had instead of trying to get him to get the other one inside too. That's when you got struck down. I did you get a look at his walkie talkie. Set It on yes. It had U._S.. Army misstep Donald you must have been able to get a pretty fair description of the boy to yes sir. I'd say about seventeen or eight or just a minute. I WANNA get Special Agent Niles on this yes and then we'll get to work and see if we can save a couple of youngsters from getting and even more serious trouble than they have tonight. Hey Hey jack what is the friend has not been here know that guys supposed to meet me here an hour ago seeing quite a bit of him lately. Aren't you yeah why he's not a good guy to hang around with. <hes> wait a minute since WANNA you run on my life this giving some good advice. Well Save it you know he's arrested last month for breaking into a candy store over on Front Street. They didn't hang that job on got off. Nevertheless he was guilty and you know it. All I know is is the right guy so layoff. Look my only concern is that he doesn't get you into trouble preaching well. Yeah I gotTa look out for myself. <music> REVERES pigging Niles Mr good glad you called in but I haven't got any lead on those catcher. Maybe I have woman just phone she'd read about the walkie talkies being stolen yeah. She saw kid next door to her house yesterday afternoon. Using one boy has a crippled league so he couldn't have been the one who slugged the night watchman in the one who played lookout. It's possible anyway you better hop out and have a talk with the boy is the name and address they come in. Hello Hello Jack Chase yeah that's right. My Name Is Niles. I'm a special agent at the F._B._I.. F._B._I.. That's right well. What are you doing here like to ask you a few questions? Okay what about a walkie talkie radio said you'll have one around here no elsa why neighbor your said she saw you using one yesterday afternoon. What is all about robbery was committed last night by two boys at us? walkie-talkies believe ever say ones that were stolen from an army warehouse the winning about them. I understand you have a brother yeah. That's right around those but I'm sure he didn't have anything to do with it either we we were both home last night. When that Robbie was committed I can prove it? How do you know you can because I I didn't didn't tell you what time the robbery happens well? I don't have to know the time I see we'll Jack. I guess that'll be all now so I can't help you. Mr Maybe you will get one way or another. I have creding. Hey what kept knuckles had to wait around to see that guy. I'm Tom did he by the nylons sure how much fifty bucks but there were ten times that you told me yourself up we're just starting but until we got a rep then we can ride our own tickets to a lot of chances for a measly thrift saved up his your brother and seller. I don't know let's go see what I'd like to took him for a couple of chisels. Come on what it needs chisels for. How do you think we break into places BRINGHAM doorbell go ahead? Okay Hi Jack Winning you ready Yeah Yeah and you tune knuckles not far. I had a visitor a little a while ago this from the F._B._I.. What did he want? I think you already know what are you talking about those walkie-talkies. You didn't get them from your cousin. Knuckles sure I did you'll lying. They were stolen from the army that ain't shut up bread. They use last China robbery at a warehouse Youtube committed that robbery. You're crazy all know the F._B._i.. Try depend on me because somebody's trying out the walkie talkies yesterday. What did you tell them nothing yet? What do you mean by that going to give you both a chance? I go down at the F._B._I.. And tell him you did it. What do you want to see your own brother thrown clink? He'll only getting worse trouble hanging around with you can do as I say Freddy No okay. I gave you a chance right. I'm GONNA get yeah. What do you think you're gone? You won't confess so I'm going to do it for you. Know you get out of my way are you don't knuckle cheaper out of this not should give them quite. That's got Outta here. Uh we will return just a moment to tonight's case which shows how your F._B._I.. Helps provide national security July nineteenth nineteen forty six. This is your F._B._I.. B._I. Continues In three minutes on Classic Radio Theatre. Are you looking for senior care for your mom or dad but don't know where to start hi. I'm Joan Lunden with A.. Place for MOM. Nobody knows your parent or loved one better than you and nobody knows a senior living better than the experts at a place for mom they've helped thousands of families find the right place for their mom or dad. I was so glad that I called a place for mom. 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It was a lull may of swaggering arrogant young Nazi bullies who took what they wanted Audit Bhai fourth and savagely struck down even the helpless and defenseless who stood in their way in America today it is a lawless and rapidly growing on me up swaggering arrogant young bullies or taking what they want by four in Cincinnati that day was one such bully who struck down the crippled boy and it was that boy's own brother who stood by and watch the beating in early in the evening the same day that Special Agent Niles of the F._B._i.. Opened the door to Roman twenty one and Cincinnati Hostile Jackie aw oh hello the nurse said I could come in H- okay okay thanks. Did you know I was here. I want you to your house again awhile ago to see you. Were they tell you that you told them. It was a hidden run driver. That's not oh that's what it was. Automobiles can follow like your Jack but I never knew one to reach out and punch their victim the eye to what do you mean you've got a beautiful shiner. Look I got Jack whereas your brother. I don't know you mean. He hasn't even been here to see you. Yeah sure sure he was here must have come in and gone out the window. Nobody in the hospital so nobody home knows where he is. Nobody Knuckles House knows where he is either. That's the nickname of the Roy who's slugged watchmen last night and your brother has a Powell by that nickname are folks totally. Oh why did they beat you up. WHO said they did? I could tell the day that you'd guest who committed that crime last night. So when you wouldn't talk I left alone now. Look Mr uh-huh you went to Freddie and knuckles and advisement confess and that's when they beat you up isn't it. I'm not talking look. You're not sparing your folks or Freddie Either Jack. What do you mean you're letting them in for much? Bigger shock later on your only saving ready for that day when he kills somebody and get sent to the electric share. How you feel about that knowing that you could have prevented? What do you want to know? Everything I've said is the truth isn't it. Yes then what are they. I don't know I don't all right but you instill help. Maybe you can tell me something about those walkie-talkie you ready yeah. Do me a favor when you which sneaking to learn this like wina convict sue. I can't help it look. We got here to Louisville Okay but nobody knows where here but they'll keep walking goes when they get to Louisville. We'll be gone on a guys stopped moving and stop using their heads get caught. Maybe so I gotTA gotTa hang out and in case out another job. I've got to raise some dope I come on. Are we going behind. The Hawk shot four. I'm GonNa Hockey's binoculars. That'll bring us twenty twenty-five but one leg I think when he sees you as army stamped on always he's gotten a pastor is that's all let's go <music>. You send me Mr Rivera that alert. We put out on the walkie. Talkies vernacular last night has paid off yeah. I just got a call from the Office Roy. What happened to kids answering the description of the ones where after pawn some army binoculars about an hour ago when I guess I Better Start Rolling Spencer the Louisville offers will be waiting to give you a hand good? All I hope is the kids don't get rid of those walkie-talkies too <music>. They come on in everything. I got a job. Okay stop for tonight. You will try to get ready to go somewhere. I was just waiting to the got back to tell you. Tell me what I'm going back home. Your what I made up my mind not those I'm leaving. No sit down looking do any good to act that way knuckles. Maybe I didn't hit your heart and I'm not what you do. I'm quitting you can't could even by Letcher. Why not you're up to your is now Amazon? I don't care going back home and give myself up and you WANNA do that same. Nothing odd me on just getting started when we finish this job. I'm heading West on. I'm not helping you. Oh Yes oh you are tonight. I don't watch I'll get somebody with some but this job we do together J. Edgar Hoover favorite radio show this is your F._b._i.. From July Nineteenth Keith Nineteen forty-six the walkie talkie stick ups conclusion comes up in just four minutes on Classic Radio Theatre on your favorite station you know for a while I worked in a hotel and I really used to go. Why do people will bring their own pillows with them? Once I got a my pillow I understood because doesn't matter how good the hotel is doesn't matter whether it's to start three star five-star hotel. 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If you get Amana master after a couple of weeks throw it in the washing machine. Toss it in the dryer fluff it up and you got a brand new my pillow the lowest price ever offered on my pillow two my pillow premium pillows sixty nine ninety eight thirty four ninety nine pillow. You see if you can find a price like that. Any world go to mypillow DOT COM click on the to pack special enter my Promo Code U._S._A.. Or call one eight hundred nine five one eight one seven five live the best deal ever and by the way that Promo Code U._S._A.. Works on anything in the my pillow website my pillow dot com. Thanks for tuning into Classic Radio Vietor on your favorite station now. The conclusion of this is your F._B._I.. The walkie talkie pickups July nineteenth in nineteen forty six <music>. Maybe they're not gonNA put things in Niles. We better wait it out spending. Maybe they changed their frequency. According to the blood of they don't know that much about it and the Senate while receivers asset one hundred twelve megacycles to pick up something Gore's it's possibly might be doing a job without the walkie talkies vitamin. You don't have told you not to talk tonight unless it was trouble but you've been in there so long I got worried I'll be plenty to or I still across the street way left me. Hey hours it for a live Freddie. I'm getting up and Oculus back to that doesn't step on <music>. Hello Pretty back way now. We I came in ultra. Everything's all clinicals. I'm afraid you're wrong Freddie matter who said that that's related to the F._B._i.. NOCCO just picked up ready outside. What is this special agent to and you're both coming back to Cincinnati? How did you find us? When we get the Cincinnati? All at certain cripple boy tell you all about it some come on <music> because the his youth and his sincere desire to go straight again young ready chase was released to his parents and put on his good behavior yeah for a period of six months the void gold knuckles Butler however show knows spirit of redundant whatsoever and he has now serving term in a school of Corrections <music> Ladies and gentlemen. We bring you timely message on the subject of juvenile delinquency from the Director of the Federal Bureau of Investigation Sister J. Edgar Hoover America's crime bill runs into billions annually if it could be diverted the standard of living of every family in the nation would be raised increasingly our our crime problem is becoming a youth problem a generation of right living and right thinking could bring crime to a minimum if all parents would devote only a little more time to that children learning Geno and understand them influencing them by example winning their confidences by companionship and instilling in the my heartfelt respect for the rights of others and for constituted authority they would be investing investing in their future happiness and security. It is not too late to capitalize upon vacation theme a time when many young people are not thoroughly occupied now that school is out your son or daughter niece or nephew new grandson or granddaughter brother or sister needs real companionship's and understanding gives them a chance by seeing to it that they have your company during the vacation and yours will be more meaningful by having them with you the next week we will bring you another alert colorful story from the files of the Federal Bureau of Investigation the sinister witness the incidents used in tonight and equitable life insurance society broadcast adapted from the files of the Federal Bureau of Investigation Role of J. Edgar who wasn't person however all other name Jews. I picked similarity there. I'll do the names of persons living dead is accidents the night the music was composed and conducted by Frederick signer. The author was Franks Perez and your narrator was theme call. This is your F._B._I.. Is Jerry divine production now. This is called frying speaking for the Equitable Life Assurance Society of the United States and the equitable society that is representative in your communities and inviting you to tune in again next week at the same time when the equitable Life Insurance Society of the United States we'll bring you another colorful story from the files of the Federal Bureau row of Investigations Tennis witness on is your this is a._B._C.. The American broadcasting company July Nineteenth Nineteen forty-six this year correct on Classic Radio Theatre Hi this is Kyle Horvath with the White Pine County Tourism in Recreation Board. If you WANNA get away from the big cities and get back to nature this summer give us a call at seven seven five to eight nine three seven two zero or visit us online at Really Nevada dot net. There's so much to do and see I can't mention it in thirty seconds but check out our website and you'll see what Nevada's really all about Nevada dot net or follow us on facebook or instagram. Give us a call at seven seven five to eight nine three seven two zero or visit us online at Nevada dot net's if you enjoy our classic Radio Theatre broadcasts and one start building a collection of your own go to classic Radio Dot Stream. That's classic radio DOT stream there. You'll find links to great classic radio collections on CD along with links to great reading on Classic Radioplus Classic Radio Theatre on demand check our webpage available now at classic Radio Dot Stream. That's classic radio DOT extreme and enjoy. Are you drowning in debt. Are you struggling to make minimum payments. Did you know that on average a household with at least one credit card struggles with over fifteen thousand dollars in credit card debt. 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They offer a one hundred percent satisfaction guarantee guarantee and they're open twenty four hours a day because they know that tax debt doesn't sleep either cool now for your free and confidential tax analysis from the most trusted name and tax call eight hundred eight three to fifteen ninety four eight hundred eight three to fifteen nineteen ninety-four well now on Classic Radio Theatre. Let's head down to Pineridge Arkansas on July nineteenth nineteen forty eight and find out what's going on at the John Down to store with Lemon Avner <music> now. Let's see what's going on in risk well. Fabric was the latest victim of the five year old black Friday. He left for the county deep thinking he was being drafted into the as we look on the little community today we find the all hallows. Johnnym lung is talking on the telephone listen. I don't see why you're so mixed up. I wrote all transactions down and I post office bookkeeping book. You got there put down in black knee. Jerk bit telephone Hans Holding well. I don't see what difference that makes. One condom dislike another way. I was using in my own system which numbers on Oh that's just the number of packages that was mailed out. I don't know how much posted it was never kept track of that. Has I thought you said anything else. You don't understand that day all right Dan how's a year later. Goodbye makes deal Adam trouble figure not the book over there. Just don't understand him. He it used to be awful good on the figures but since he got back from vacation seems to be all mixed up. Maybe it's the way you kept the books nothing wrong with the way I keep books. You know what old figurehead I know the whole trouble eighty just has been away from it for so long. He's rusty rusty. Take him a little time to get back in harsh going to take him a little time to get back at Horn issue fixed up for I'm all say that they told me he worked all day Sunday trying to figure out some of that bookkeeping stuff you wrote down he did say you know just looks to me like Dick. No appreciate what I've done. Then only reason I'd taken over the Post Office was doing favorites lifetime. I'M GONNA help anybody out addicts. That is the last time you're going to help him out. I ain't gonNA worry about it. Now more. He's more on this goes I could step in there and with no training do such a bang-up job here. I was able to do in a few weeks time. What had taken Dick Twenty years to do sooner? West practical assume thing knicks it is yester- he's saying that long is amazing and he was able to undo in three weeks what it took me twenty years to build it undo facts. He's I wait a Matair said vehicle would I across O- on both Patty often could have happened to Sandra anyway. I don't know but I'm again to get worried about what they was deliver. The draft Board Hitler Fried Recognise D._O.. Rauner Account County say trying to find the draft reward. Only order had enough sense to look at the date on that draft notice emceed which five year old Henry don't leave a good loan dates record. We ought to go the countess deep dark around in order to do something down. What's happened Baker with it? Note been getting their one asking the draft border start cedric out of the year what's wrong with that on a lot better start out captain in private Komo so what I just don't work away and if he happens to Wander Endo Army recruiting station there was on that note hits Labrador getting into trouble sound guy well. Maybe one of US better with accountancy start looking for him on I'll day we'll call over the years place once more and see if he's Mama's hear anything. Probably I'm nick cold aware not twenty minutes ago in that case maybe our to make the trip right now. Well well too late permanent. Catch the male hang but maybe I can get a ride with Asia. I hear you I'm saying he was going to have to go on and on businesses better. Call Him right away. Carry like you get away anytime now. I think I better be the one to go. You wouldn't know where to start looking for say to her. Thank you connect letter rang over for you this more than you sing it. Yeah I've seen Atlanta. I just figured he's on them. Five year old one eight eight that right now this brand new look at the Post Martha Living Off. I just Kinda got out of habit old and let it around heckled. I figured eight old no Dixon. He taken care of him. Olin's named GONNA be no more trouble over them. All down proud to hear that man. I better what they said. Hope Lafayette never said at one time he's leaving said afternoon. Totally said GonNa be something. Mannerist was say wait a minute long. Oh just only mytalk life as you mentioned something about driving into the county San Fernando just wondering if I could bummer ride with you well that's all right. I can leave anytime. Wait a minute long hair Saturday Saturday's back seem coming up out there all on never never mind answering. I won't be going in after all but I'm much of blacks. Do you anyway yeah alright any good lamb sex come on an hearsay. What in the world happened you anyway? We'll kind of a long story. I don't think right man tell it to us. We have been awful word about toussaint. We'll all sorts of been worried about me too. I suppose you found out that draft. Notice you got was five year old. Good washed ashore. Come out of that old Sacramento may over there. Oh well maybe that's why they had so much trouble trying to figure out what I wanted who's they. You never found no draft board aging well. I don't know much what I've found. There was some soldiers there offers thank nee final <music> decided to Donald List or unmatched. I guess it is finally and last well whatever it is well. That ain't what you donate to save it just <hes> they. They said they getting in army and that's what I thought I was being drafted for. Oh my sake say well. Maybe the army it'll be good for how long you GONNA be in. There will don't rightly know what don't think I'm going to be anatole interested in Islam on thanks so her here hand man but they wouldn't take me <hes>. They sent me back home again. What happened anyway? We'll I zack like your. I don't think all I know is it. All these offers told me the greatest one thing in world was to get in the army next thing I know the head me and other room with my shirt off and they was giving me a Pacific Limitation Zama Cisco Phila- nation what exam ical the head me say off off. Oh Oh I see you mean physical examinations pinnacle Zambia. I can't speak him well. What happened anyway say they did? You Pass examination real coordinator them. I was the healthiest deller they ever examined Komo. Why didn't they take you there for no if you have flat I don't think so they sent out past examination something wonderful that's killer so why wouldn't they take you then then? Give me an intelligence test. Oh Oh well that's they sat me down in this room and give me a pencil and told me to fill out question questionnaire so I started working on it for Friday in the closed up at six thirty that night and I wasn't done yet so they told me to go and rest up up and come back in the morning. They wanted to our got there. The first thing next morning went right to work again. They closed at noon on Saturday and somehow or other got locked up in their all by going to get out yes well. I didn't try because I still had some work to do. On the question bear I worked on all of that day and then I have some peanut brittle ahead with me about eight o'clock in the evening then right back to work. L. Must have been a long questionnaire. Almost I must fell asleep though because I was still there the next morning after breakfast peanut brittle work all day Sunday pathetic questionnaire couldn't be that on well it that it was all along. It's just that it was kind of hard. Yeah facial at first question think I'm might have done all right if I could. I ever got past that you mean you never got the first question for the land fake. How come you too much trouble a dancer Sandra? I'll never had trouble with answers. It was the question what what's the hard about. Our couldn't read them well handicap anyway. They won't me up. This morning. told me better going home. Feller said they'd call me well curry. He said if they call Oh may not to come because things it'd be out of hand anyway. They'll take women and children I well. I better get on over on home and tell Mama the good news matter do that Saturday. We're glad you're back long. Ah More than more that letter years on the floor. I know what I wanted to stole but I missed it. Don't you know some surface on advertisement. Somebody Oh let's say on me. We leave me alone you know what are they trying to say. Oh I couldn't take it hundred thousand dollars. I think I couldn't make things out of it. That's the name of law firm on there any Wayne Meziane Wayne Attorney that low Saint Louis Missouri what is vis look at it yourself. I don't know Mr Admiral Pibor anytime ray jargon so dear sir. This is to notify you that under the bomber the land thanks a lot hate long Tom for the walking down or older sister Sampson the Iraqi she finally hope avenues you crazy eighty pain trying to set you one hundred thousand dollars. They're trying to give it to you. You inherited a fortune Ed asner actually been named in somebody's will if so what kind of terms will be imposed upon that well. I don't think cedric gotta worry about the army what I think they go. Boys story about is do they really have one hundred thousand dollars and of course back in one thousand nine hundred forty eight. That was a lot of money lemon avner July nineteenth nineteen forty beat on Classic Radio Theatre. We have a gentleman <hes> here at the microphone now who claims to have a very interesting occupation. What did you say your name was held in direct bank and what is the occupation like remover well? What does that job entail elden well well for different? Reasons Staples sometimes lakes removed. I do the job. I'm in business for myself. Store not just the pump that does attract just about as well as anything. Is this <hes> well paying job. No actually it's a losing proposition. There are a lot of expenses involved in moving lake <hes> expensive once on while thing is when you were move a lake. It'd better be in the right direction that well suppose I moved to like. Sandra dee is from where it was. That'd be a new late whether uh wasn't one before right now. <hes> the lake would be sitting on another man's property and suppose he didn't like the lake. I see what you mean. You'd have to remove the lake again if somebody didn't like what you put it that's the thing what happens in the case like that well nothing to do but just just keep on going for Lake Mess Right. It can get pretty rough. Sometimes that was one time a man in Texas asked me to remove and unsightly lake from his property well. I was got down there and got the moving that lake around on and there are a lot of people that didn't like where I put it and I can tell you I was kept pretty busy for a while. I don't see why people would object were lake. I should think it would add to the real estate value of their property. Well this like I was fooling with at the time wasn't really a decent working lake. It was all muddy didn't have any fishing. WHO's not good for swimming or anything? Well what happens when you move on a nice looking like nothing just stays there. People go fishing and swimming in indication like that. My job is done some of those satisfied. People were pretty nice to me. One of them invited me and it was house for lime made very kind of <hes>. Can you remember what the toughest job you ever had as a lake remover while it was this rotten working lake in Miami Florida and the onus couldn't stand the look at it so I was call in and I started to remove the lake northerly direction and I guess with a rotten lake like that you had to keep going. I hear a dead lucky thing. I had my trailer with me. I did plenty of traveling weight of the lake. Eventually wind up in Hudson's Bay in Canada was quite a trip must've been what happened when you got the husband's Day. Did you find somebody who was satisfied. When no that was a bad lake for awhile I thought I'd have to go straight on up to the Arctic Circle you knowledge that baby but the weather turned cold and the lake froze? I just picked up the pieces and through trash can good riddance too well if the ice thaws out in Feldstein is going to be your responsibility to remove it again. Why aren't you really well enough alone? I haven't I had enough trouble. I'm over because you have had trouble. That's right right no home life law thank for carrying with us here at our Bobbin right microphone Mr Drift thank and as you go for swim there you have it Bob and Ray in the late remover on Classic Radio Theatre. We hope you will visit our web page. Classic Radio Downstream there you can stream classic radio. Theatre podcasts learn more about classic radio collecting and contact me their classic Radio Dot Stream and our podcasts are available anywhere applied podcasters served. I tuned speaker the iheartradio APP anywhere podcasts are served a search for U._S._A.. Classic Radio Theatre. I WANNA talk. Thanks for listening. Thank this station support. The advertisers telephoned a great radio shows are back classically feeder here on your favorite station and the U._S._A.. Radio network if you're fed up with your credit cards high interest rates and your balances are so out of control that they never seemed go down one call to consolidated credit can get the relief you need consolidated credit has helped over six million people with credit card debt and they're certified credit counselors are ready to help you. They can consolidate your debts into one lower payment. Reduce your interest rates and get you out of debt fast without destroying your credit. 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Government Default also on our Tuesday rundown a new report calculates the high hospital costs for employers plus. A new bill could help protect Florida's at risk wildlife. I our top story story. President Donald Trump announced a bipartisan deal to suspend the U._S.. Debt ceiling and boost spending levels for two years capping weeks of frenzied negotiations that avert the risk of damaging payments to fault that from Bloomberg News they report congressional leaders pledged to support the bipartisan compromise that left all sides on satisfied but focused instead on provision they could count as a win house has to approve the agreement this week. Before members numbers leave July twenty six for six recess. The Senate could put it to vote as late as next week. Commercial Insurance plans pay Colorado hospitals on average almost three times what Medicare pays for that same care a hospital in Fort Morgan charges nearly eight times more than Medicare reimbursements. That's according to a new hospital value report on pricing and performance Bob Smith with the Colorado Business Group on health one of the groups behind the report says current incentives in place have boosted boost its stock values but the marketplace is not working for firefighters and school districts who have been hit with rising costs Colorado Hospital. Net profit is four to five times. The average hospital in the country insurers have seen their earnings per share. Go up anywhere from three hundred thousand percent in the last decade. The system works really well for them. The report found that performance outcomes vary as much between as within hospitals and Smith says there seems to be no reliable will correlation between price and quality of Care Hospital administrators have long argued that higher costs or passed along to commercial plans to help make up for what they believe are insufficient Medicare and Medicaid reimbursements hospitals also charge more to cover the costs of treating people who can't afford to pay. I'm Eric Gladys that report was released Tuesday by Smith's group and the Colorado Consumer Health Initiative a cut in state funding will severely impact a program that helps people with disabilities remain in their homes Edris sears tells us that's the message advocates for people with disabilities. What governor Andrew Cuomo to hear the consumer directed personal assistance program allows people who need homecare to hire those who provide had that help including friends or family members the program helps more than seventy thousand New Yorkers get paid assistance from people they already know and trust instead of relying on agencies to send strangers into their homes? The state budget cuts the funding for the fiscal intermediaries who administered the program by one hundred fifty million dollars according to Heidi Siegfried with the Center for independence of the Disabled New York that will effectively end availability the program for many participants Glenn they meet areas so you're saying they're just not going to be able to manage this and having hundreds close their doors. There's going to be no other intermediary that the worker and the consumer can turn to continue to provide the service. The State's budget office says the cut will not reduce the number of people enrolled in the program or the hours of care they receive and Lexington Kentucky's Horse Park opened the public with free admission Saturday July the twenty-seventh what's called hats off day. It's all day event celebrating the State's horse industry. Here's here's Daddy Ramleh got the family friendly festivities include face painting educational booze and Grand Prix show jumping competition that draws internationally known horses and writers along with Free Horse Rights Doctor. Tom Riddle is the veterinarian who launched Hats Off Day nearly twenty years ago so if you've never ridden a horse before you like to come out and sit on the horse and ride it around you may for children. They're free pony rides. There are a lot of great activities for the whole family hats off day is the only day of the year that admission to the Kentucky Horse Park is free this year's theme highlights the important role of police and therapy horses growing evidence suggests that therapeutic horseback riding known as hypnotherapy may help children and adults with physical or cognitive impairments and finally Komo combs tells US Congress's considering a bill that would direct nearly one point four billion dollars to fish and wildlife agencies introduced in the House by Michigan Democrat Debbie Dingell Angle and Nebraska Republican Jeff Foton Bury the recovery America's Wildlife Act aims to help states protect an estimated twelve thousand at risk species of fish and wildlife across the country Preston Robertson with the Florida Wildlife Federation assist Florida is unique with at semitropical climate growing plants animals and insects that exists only here but are being squeezed out by rapid development and all of our water quality issues blue-green algae and red tide right. We need to do something to make sure that it's over a thousand species that have been listed by the state that are in danger of becoming <hes> extirpated from the state. The funding would help Florida implement its action plan designed to mantra species health and pinpoint which ones and their habitats need to be conserved before they become rare and costly to protect the bill has seventy five co-sponsors including representatives Charlie Crist Matt Gaetz and four other Florida lawmakers acres it now needs a vote by the House Natural Resources and budget subcommittees o'meara points out the outdoor recreation industry relies on healthy sustainable fish and wildlife populations. I might Clifford for public news service. We are remember and listener supported and online at Public News Service Dot O._R._G.. Follow us on facebook twitter and INSTAGRAM's. We're here at Circle K.. Witnessing a legendary drink mix for eighty nine cent looks like he's going with red sports drink and now lemon lime sewed the Chola roster top aw polar POPs in fraudsters are only eighty nine cents each at Circle K. Limited time when we are participating locations the U._S._A.. Radio network presents the greatest radio programs of All Time Ah Ladies and gentlemen the story about view is who only the names have been changed to protect the innocent dragnet. This is classic Radio Theatre. I was a communist so everybody now. Here's your host why it Cox Crime Drama This Hour Dick Colmer starring as Boston Blackie an episode from July Twenty Third Nineteen. I'm forty six an episode about the murdering Kuku cloth t now and why no young lady. There doesn't seem to be much wrong with this watch of yours. It's hard to hit it. Go with all these other box king well. I'm glad that might not too bad housing back. I don't see why you can't have it tomorrow so soon wonderful and there's very little wrong with it got. I don't know if you will give me your name. Of course it's Wesley. Mary Wesley Many whiskey. Are you the many Wesley who's always seen with Mr Boston black. Oh Oh yes blackie and I generally do run around together. That is when he isn't running after murder all right I'll be in tomorrow. Thank you very much good msuic that Oh world my boy. I didn't know you were in the shop. Yes I was back repairing that clock Williamson's old-fashioned thing. Isn't it beautiful piece of work my boy. We don't very often seek clocks like these days now. I guess not say dad a- as another type of clock you don't see much anymore. kind is that while they're kind with poison needle in the winding key Jesse one of them miss I did in fact I saw one in the clock shop about boozers years ago certainly look Denison guess it was supposed to Dad. Could we make a clock like that. Could we make one world with two strange thing to that so strange dad. I just wondered if we could make a clock that would kill somebody and now onto Dick Calmer as Boston Blackie enemy need those who make him an enemy friend to those who have no friend Great Party van Glad Ed you could get away from your father's blocks off long enough to join us so my dad's been keeping me so busy everywhere for hellos sweet you know my wife. Don't you Walter sure we've met down great after five years in it. I finally found out what makes it tick speaking of blocks. Where did it handsome grandfather's clock? Come from <hes> never been here before. I thought you were by the president not that I remember. I've never seen it before Komo. Maybe your wife bought it for you. Mr Van Hollen and it costs so much that she forgot to tell you about how don't just what do you mean just trying to be funny but I didn't know that say many are true. You want to seek coon my husband. I have a hunch to gift for you from one of Feminine Friends Dear. This is a posh excuse. No don't go all right now mock farming which in suits me say to get back this clock. I don't know where it came from but he's running down time now. Let's see Ah have the twenty nine time you <hes>. Let's say the clock says does a little after ten twenty nine must be one of your clocks. All those instruments of yours never do keep time. Let's not talk shop Mr Van Hall and especially not clock shop. I have enough during the day of course you to join the humidity. It'll be a good idea caller. Unbelievable water been killed by that club. I don't WanNa hear from you again. That all tracks talk now get out of my office. Guess the Ferret Out Confession from all that Stone Esther I sure well I want anything done around here. After I sits down here rollins so stay out of the name isn't Rolling Blackie. You stay data from this watching you make a sidebar yourself. I should say not like he beat it. I've got enough on my mind sure you have trouble with you is you haven't got enough in your mind. Oh what do you want. How long will take me so I can say no and how can you get Outta? Here can leave now pow unless you alone on the wall stone shouldn't take you more than two or three years to solve it. Let me tell you something. I've already found waterstones killer. Why do you think of that? Nothing goes. I don't believe it but what led to your brilliant deduction <hes> well first of all. I know how young Waterston was killed my bullet. Most people were shot usually off but they're not killed by a bullet five out of my grandfather's clock old. That's where the bullet came from. When I came out at eleven o'clock the clock was supposed to fire a bullet Koko came out of ten thirty? I don't bring up a clock like that all johnstone but deadman's father don't be ridiculous Faraday. The reason I'm here is the Johnstone is a nice little man. You Fix Mary's Watch. I suppose that clears them <hes>. I suppose you're gonNa tell me a father. Donovan kills his son. I sure sure plenty of cases like that but this one isn't full man stone wanted to kill his sunny wouldn't go all this trouble to do it. Besides how could you know his son would be standing in front of that clock that particular time. I don't know you can say that about almost anything it'd be accurate fire joke over. I suppose you all Gel Walla stone no Faraday I've heard of a man killing time but this is the first case on record with time time has killed a man carrying madeline grandfather clock Richard Kid hard to believe you're a little bit. Sorry the bullet from this clock kill young Walter Stone instead of me until it sorry my would be quite advantageous to you wouldn't y'all putting it rather mildly. You amuse me idea. The a white or death would be equally advantageous to me. Should I apologize untarnished but I don't intend to die. You don't Walter Stone didn't intend to either arrangements might be made in your case to you're not very funny. I don't imagine I do you. I'm not very funny but I am very alive and also very much in my way imagine you know I would just thinking the same thing about you. Association of ideas isn't it. I wonder what either office is going to do about I make your plans dialing. All I can make what's the matter where the clock what usually the matter with a cup when it stops running it needs wind nutcase wind. Don't bother bother I'd rather like the town with each tick feline coming closer to getting review the same goes me with every talk. You know. There's something about you up Richard Richard Stop Fooling which could get up. Stop that very obvious player like nine. They're like well who are you. One of them. Is Boston Blackie. What's wrong here except thing happened to my husband? He'd like to think you're Mrs. Been Haunt. You might see what's wrong with them. If anything I sent will draw with nothing that can be cure that is Saturday but he's dead dead. I'm afraid so. What was he doing just before he felt not? I think it's totally was just winding club wanting this nice going on now suppose you tell me all about it. Can you find it. I don't you all I know. He was just wanting that puck and suddenly he fell <hes> but I don't fall for that story. Where's your phone? I hear this table you calling. I'm doing something very unusual in a situation like this. I'm calling the police. No no please not the police. They'll say I killed my husband and I didn't this Blackie. I suppose now just WanNa Start Verney right now. I don't even know who killed Richard Hon that yes by. The same killed what I got the clock. After a while I was killed. I know but then Hong Wasn't shot today. He was winding the clock when he got it which means he was tagged by that old poison needle gimmick a high half. You are to find out who can run guy. I tell me somebody else has been murdered. The Best I can do fire as to find out who saw to it that is to victims got the worst of it. Here's old man stones sal thanks Ron's. You've got company Mr Stone. I have yes Mrs Tone Line Names Boston Blackie S. I've heard a lot about you and MS Wesley. It's good if you come to see me when I asked it to come to stone because I think maybe we can help you. June was Wesley in the cell with him. I don't think there's any danger for me facts. Are you feeling better Mr Stone nomads Wesley. I'm afraid not gave lucky you too much going in ten minutes. All you can have blankets may not be that Saddam's system no. I'd rather tend Blackie. Have you found out who killed my son. No I haven't but he win. Must I find his killer Blackie. I'm going to do my best but let me ask you something. Do you know anything about a poison needle in the whining apparatus of the clock that killed your son always needle no well just kill them in Richard Horn and the police are going to think you're responsible for his death to know Blackie. I swear I swear I had nothing to do with any this like you have to be catching. He's falling. I've got him and put them on the black he is. He will get him on the cat is he. He's not dead. He's out but he just painted well. I've got to work and start winding up the case where a man just died winding o'clock July twenty the third one thousand nine hundred forty six Nick Comas Boston Blackie on Classic Radio Theatre. Nothing is more important than protecting your family and property. That's why you should make a free call right now to vivid the number one smart home services provider in the U._S.. Vivian wind will make your home safer and more secure with a state of the art system. 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Thanks for tuning into Classic Radio Theatre on your favorite station more of Dick Colmer Boston Blackie the murdering cuckoo clock from July twenty third nineteen forty six now back to Boston Blackie. It's a beautiful grandfather clock has killed two people Walter Stone who was suspected of putting gun inside the time peace and wealthy Richard Van Horn who was killed by a poison needle hidden in the winding he of the Glock Faraday has arrested Johnstone Walters father as the killer but Blackie feels johnstone is insulin is no suspect to replace him however though he has has a slight suspicion van Horn's white meddling was anxious to get rid of her husband as we return to our story madeline on Horn is talking to Kenneth. Wells seems to be more diving. Yes Oh sweet to me your easy to be week to battle and I'm glad I was so afraid you'd go away. After this awful thing happened to rich go away. I should say not dotting after what happened to poor Richard. I have all the more reason to stay around volume cabbie kind. I don't know what do without too. I know what to do with me. Dotting Mary me already. Hold sure why not but we talked about doing and soon as soon as well now. That Richard has left you. What's there to stop us? Can you say that you arranged my husband's debt. That'd be put it this way. It wasn't a bad job was out of here. Don't get out of here and I get outlet daunting coming after all we call the police. Maybe tell them about those little black male affairs of your all right but I don't know if you don't will you'll find out if you don't stay away from me coach. Oh I'd like to speak to Boston Blackie place a lot less no magic coming oil. Yes this metalhead Hoon. Where can I get in touch blackie? Just a minute not get phenomena spent on <hes>. I've got a ride you on a pet somewhere. Oh Yes yes heritage Blackie's. The office of an attorney named Alexander Van Horn miniature has been lucky no. I don't say that Mr Alexander this year the opportunity yet but I'm looking for a motive before I go any further you'll have an Hans Law and I thought that money might be the motive events murders at it. If it's enough money enough reason for murder on according to the Thames event horns will Mrs van one dozen Harriet a good part of his fortune but I don't excuse Hello Ben hold back just a minute. Thank you Mrs Van Horn Jewish to speak to you really don't take thank you yes. I think I know who kills. I think I do too but <hes> that's your thought Kef Wells Kenneth Wells. Who's he wanted to me? They divorced. I see well. What makes you think he killed your husband? This is very interesting Kenneth. Well they go see Kenneth and I've got an idea that all's well ends as well. I was on my way to see a man named Kenneth Wills dropped by jail and see how you feel now. Is that name wells familiar to you. I feel better but I don't know that name lackey somebody that and I'm sorry I haven't been able to find out who killed your son or Richard Hawn Ida Blackie. This is awful and I suppose the police still think I murdered my son and Van Horn to probably look Mrs Stone Your Son Work. You've been we'll look. I have a theory that he know anything about plcs. Wchs yes a great deal in fact just a few hours before the accident. My son asked me if o'clock could be fixed to fire a gun or or poison someone oh eight dignity well. What does that mean pain? Wait a minute the killed your son was fired. When the clock said ten fifty it was cuckoo clock wasn't it well? I had a cuckoo clock once but it struck only on the hour is the such thing as a clock where the cuckoo comes out on the half hour two years but they're rare rare so rare. Your son may be didn't know that the murder clock was one of them. It's very possible he didn't know possible. I think the fact that he was killed as proof he didn't know stone. I've got this whole to get out. Just after ten o'clock. Your son onset the clock to fire the gun. When the Cuckoo came out at eleven at ten thirty he was standing in front of the clock and got the blast? He meant somebody else you mean my son intended to kill someone health now. I think your son was hired. Rig that block so would kill somebody. I think the somebody who Hijra son was Kenneth Well but you told me that Mr Van Horn was killed two and by the clock. How how could that have happened? I'll tell you how your son was playing safe. Just in case the gun didn't didn't work. He put the poison needle in the winding key I see and after the gun was fired and my son was dead. Mr Van Horn wound the clock knowing nothing the poise needle yes your son's death was accidental and so it's been haunts stone on your Freeman. I am well as good as free. All I have to do is fine the man who hide your son fix that clock then I'll fix his wagon in a fine date. This is turned out to be Blackie short sitting him. Mary and I'M GONNA leave you soon C._N._N.. Named wells hey great invite me to snoop around the van Horn mansion for you. And what do I do. I sit here and this big room having to smell this very heavy perfume then you come in just to say goodbye. Oh well keep me waiting and leave me shortly. That's Blackie. Perfume is heavy isn't but listen I had to talk with Butler and it seems that Mrs Van Horn isn't home or I told you that I doubt it. According to the Butler a man phone for about two hours ago he was obviously trying to disguise his voice. Just after she talked I miss horn left and wouldn't say where she was going so so why would a call try to disguise his voice because he was known here and who was better known here the Mrs Van Hollen Boyfriend Kenneth Wells. Oh I know what happens now. What I go home like the little girl while you go to Cantwell's about being a bad boy were look wells? You're going to chat with an antique unless you start talking. You've got me all wrong back yeah. I haven't done anything to talk about you. Kill Richardson Haunt Cirque. Ma'am surprised to hear that this is a nice little apartment. You have here but I'm going to break. Shake it up buying a new Iran if you don't cut that cute talk sniffing at the cooped up now something a little more pleasant familiar perfume but wells you might as well start talking. I know you hide while the stone owned rick clock to kill which had been Hawn. Why would I do that to get rid of an haunt so his wife could inherit his fortune and then you could marry you hide waterstones rig that clock? Didn't you know I've never even seen this walters stone. You saw the party when he was killed and you know I was out of town the night of the party in fact. I was out of town a whole week before the body just got back in town this morning. They were wait. A minute gives me ninety and Han could have been the one who hired wall to stone now. You're talking and I you think making sense Tuban Han hi stone that clock to kill his wife wants don't himself was killed and Horn thought the clock had done all the death-dealing was supposed to do it didn't knowstone put up poison neil in the clock to that's it. I bet on July Twenty Thousand Nineteen forty-six Boston Blackie on Classic Radio Theatre you know for a while. I worked in a hotel and I really used to go. Why do people bring their own pillows with them? Once I got a my pillow I understood stood because doesn't matter how good the hotel is doesn't matter whether it's a to start three star five-star hotel. 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Boston Blackie was originally played in the movies and on radio by Chester Morris in a summer replacement series for Amos and Andy when the series took up big time on radio it moved from N._B._C. to mutual where did calmer took our the role of Boston Blackie now from July Twenty Third Nineteen forty-six conclusion of Boston Blackie okay now that you've got it all figured out. Would you please get out of you all know now. You're not completely integrate yet. What did you want with Mrs Van Hollen when you talk to today? I didn't talk to it. I know better you called up a little while ago disguised you it voice so the Butler recognize it. Mrs Van Hollen was here in this apartment with you not long before I arrived. Why don't you get out of your black? You're wasting your time and I agree with. I'm bragging Faraday. You're doing it running around after you like He. Oh I suppose as you finally with a divining rod no with a phone call to Alexander Van Horn's lawyer he said you're on your way up here now. I'm here to tell you to get outlook Saturday. With the exception of the whereabouts Mrs Van Horn your case assaults assault it who always solved your oh cases well. I did it again. Faraday stones and Hawn Killed By accident why by accident and they'll be an accident if you ever understand I'm explain it too late it right now. I think when I go to work on wells here and find that what he's done with Mrs Van Horn I tell you I haven't even seen her. You have she's been here. I know that perfume oppose anywhere Blackie. Why don't you leave this guy alone? Luck if those deaths were accidentally as you say he's innocent as I do of killing extolled been Hawn but I have an I._D.. You're leaving swell so am I. Hey Blackie. Look that's not the daughter of the hall closet <hes> Start Looking for Mrs Hawn or at least find proof. She was yeah he don't okay. Stay away from that Dr. What's the matter well? Well look what fell out of the closet. It's a woman then what was she. She's copes number three in our case faraday Saturday which he was Mrs Richman Mrs Rich Don. I've got a gun on you also not the goods on him Faraday so wells here was innocent as you okay okay so I made a mistake but you just found that body by accident. You didn't know Mrs Van Horn. One was here no didn't i. I knew wells was lying. Amenity denied she'd been here how one with a perfume and I smelled a rat okay well. I've got it got. What are they measles? You're not that lucky. I've got a confession from Kenneth Wells. You don't say yeah you can look it over. Well read it when you're not the first part. That's just routine okay. Here's the place to begin says I killed. Mrs Van Hollen because she knew I was in town the night of husband's death and that I had motive for killing him even though I didn't kill him. I knew I'd be a suspect. Mrs Van Hollen threatened to go to the police and tell them I was in town and I couldn't let a do that. You can read gadget and small words <hes> well. It was a cute kid when he says here he was afraid of Mrs Banharn for another reason to threaten to go to the police. Expose them as a black Neyla well when I get them to confess they really confess yeah but you ought to be awfully ashamed of yourself faraday Houston Wells apartment and said he was perfectly perfectly innocent when Mrs Van Horn body was only ten feet away from well. I can't see through a closet door. Can I know I guess not says confession I quote. I killed her in my apartment but didn't get a chance to get rid of her body before Boston. Blackie all right so you got to have a for me but I would appendice on Kenneth Wells sooner or later later of course Faraday Ida whether you ever would have figured out the Ribbon Hawn Hide Walter Stone Rig o'clock act would kill Mrs Van Hollen now no on even if you did. You've never guessed that both in Horn and stone were killed when their plan accidentally backfired actually though you should saw this case by yourself yeah why well the first shooting was done by cuckoo clock and your little Kuku the second killing was done by poison needle and your poison to me and have been kneeling years yeah go ahead and Kenneth Wells did keep this has been horns body docked closet and fairly all pile. You've been in the doc all your life in July Twenty Third Nineteen Deep forty-six Dick Colmer as Boston Blackie when Classic Radio Dinner Continues In three minutes. We'll start a new yours truly Johnny Dollar Story. Nothing is more important than protecting your family and property. That's why you should make a free call right now to vivid event the number one smart home services provider in the U._S.. Vivid will make your home safer and more secure with a state of the art system. 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If you enjoy our classic Radio Theatre Broadcast and one start building a collection of your own go to classic Radio Dot Stream that's classic radio DOT stream there. You'll find links to great classic radio collections on CD along with links to greet reading on Classic Radioplus Classic Radio Theatre on demand check out our webpage available now at classic Radio Dot Stream. That's classic Radio Dot Stream and enjoy hi. This is Kyle Horvath with the White Pine County Tourism in Recreation Board. If you want to get away from the big cities and get back the nature this summer give us a call at seven five to eight nine three seven two zero or visit US online at Ely Nevada dot net. There's so much to do and see I can't mention it in thirty seconds but check out our website and you'll see what Nevada's really all about Nevada dot net or follow follow us on facebook or instagram. Give us a call at seven seven five to eight nine three seven two zero or visit us online at Nevada dot net tired of overpaying for the Little Blue Pill. What if you could get the exact same results for just a fraction of the price guaranteed indeed well now you can with Sildenafil the active ingredient in the blue pill with twenty milligram generic sildenafil tablets? You get the exact same results for less than two dollars per pill and again. The results are guaranteed. That's right absolutely I guaranteed results for a fraction of the cost of the little blue pill so give your wallet a break in call this toll free at eight hundred three six five six zero one seven to get your generic sildenafil delivered discreetly to your door and of course while saving hundreds ads of dollars. You'll also be saving time by saying goodbye to those long embarrassing pharmacy lines once and for all again just call eight hundred three six five six zero one seven and yet your generic sildenafil with a one hundred percent money-back guarantee getting your pills doesn't get any easier or cheaper than this so call eight hundred three six five six zero one seven now. Let's wrap up this hour of classic radio with Part One of a bipartite years truly johnny dollar story the Open Town matter to rather dangerous case Johnny dollars getting himself into this was originally broadcast July twenty third nine thousand nine hundred fifty six from Hollywood. It's time now for <music> route currents johnny right planes Guidi Johnny fifty two years old eight months ago. You married a lovely twenty seven year old girl. I Must Lady Fifty Thousand Life Insurance Policy Policy on a chief of police a salary and who did I name as beneficiary so three days ago you were shocked at this Phoenix wasn't GonNa last policy. My friends tried to warn me. He was fast. What do you think you probably do? I've got just fifty six minutes to catch the plane the Thomas Greens part Missouri and watch yourself. What do you mean from what I hear Johnny? It's a wide open town the night and every weekday night Bob Bailey in the transcribed adventures of the man with the action packed expense account America's fabulous freelance insurance investigators is truly johnny dollar from from special investigator Johnny Dollar to the Home Office Great Plains Guarantee Company Hartford Connecticut. The following is an accounting of expenditure during my investigation of the open town matter item one eighty four dollars and sixty cents transportation station incidentals Hartford to Green Sport and taxi to the town House hotel. I was hoping for a chance to shower and change around long enough to get my bearings and then edge into the case gradually but it didn't work out that way the case was already. They're waiting for me right in the lobby of the hotel all dressed up in a shiny black suit squeaky bike shoes and Anita the neat little black Bowtie. Oh Am I dec- you Mr Dollar Are you. Oh indeed yes I am I just read the Great Big Sigh of relief you know when I heard you Leclerc your name. That's how all I know your you know you mean has been down but of course you want to know. I swear I had a card and one of these. Maybe you could just tell me who you are Mr April plots. I ought to have KADOTA. Make it more officials on their mind. I I believe you must have given them all away. Don't worry gets more printed and see that you have one before you leave. Thanks a lot must've missed a dollar. You'll want to talk to me of course will. I guess I'm the agent here for the Great Plains Guarantee Company. I'm the one sold that policy to the full of it's dead ed or so that's an course. He wasn't dead. They hadn't you under stay glad to hear feeling pretty lively as a matter of fact with the new gung wife and all I region so you got to do something about that woman. She's driving me crazy as a he wants her money. She says fifty thousand dollars and she seems to think I'm carrying it around in. My pocket sees <hes> kind of anxious. I'll tell you how anxious chief Blake was shot about two in the morning and at three that afternoon Mati that's Mrs Blake was down at my office after a claim form yeah yeah I understand it was sent air mail special delivery she insisted on it made me take it straight to the post office as soon as she'd signed. It pretty cold blooded about it. I've heard Marty Blake called a lot of different things in this town at different times but never cold blooded. You follow me. I think I'm ahead of you. You know what I mean all right when you meet her. I can hardly wait man. Oh man wow them to a dollar and fifteen cents taxi to the suburban home of Edgar Blake former chief of Police Green Sport now deceased on the strength of patsies description of the widow. I ended a shave to the shower and change and I hoped I looked a little fresher than I felt. The house was a rambling too story jobs said back from the street well-kept shrubbery Nice Lawn quiet neighborhood and plenty expensive. I wanted how Blake if unable to afford it. I was half the walk. A man came out the front door. He wavered down the steps then stopped and waited for me rocking slaving on his heels copper. I can tell them a block away. Eric Copyright Rom drive it. I maybe no home insurance investigator insurance. That's what I just asked her about and you know what she did. Three you out probably right so I was drunk all ridiculous. It's exactly what I said ridiculous. I don't ridiculous but you know something. She was right. I am no I can hardly believe it was the facto at least a little bit Myers crazy joe crazy. I'm a reporter Green Sport daily Herald Johnny Dollar. I enjoyed insurance and he did have some wouldn't event any reason the be here. She was lying no comment. WHO's the beneficiary still come here of course little smarty? Marty is ever level little life. GonNa make a deal. Sorry joy no comments all right. Let it like. The Oh wait a minute. <hes> tell me something Joe. Wasn't I want a little action wanted to get into a poker game while I'm here crap table. Maybe any idea where I could go sure anyone. I have a dozen different how long you've been town Johnny <hes> about an hour. You is pretty fast. Didn't you didn't know as a secret. The town is wide open. Isn't it is but I wouldn't go around poke in things if I were you a guy. I could get hurt. See what I mean. Maybe a guy did get hurt lake. You me what makes you think so well. Somebody wanted to keep the rackets going. The police chief would be a natural target. Wouldn't he not necessarily meaning no comment. Oh is blake salary to six thousand a year on six thousand. He was living in a house like this. Walia seem why she's even more expensive so that's why green sport is wide open. The police chief was in no no comment well. He's out now. That's for sure Joe. I'll probably be talking to you later yeah do that. Just ask anybody job. Alcoholic works for the Herald. I'm always around somewhat. How do you do yes it? Can I do Johnny Dollar. I'm representing the Insurance Company. Oh commend Mr Dollar. Can this way I'm a little surprised really I highly expected them to pay off so promptly that gives you won't be too disappointed disappointed. What do you mean I mean? I didn't come to pay you anything. And why did you come. I'm a special investigative Mississippi. What does that mean company would like a little more information about your husband's death? I tell them all about it in the claim I sent to I know but sometimes it's necessary. That's the pitch they're trying to squirm out of it. Why do you say that because they sent you here that's why and because they always do? I know how those companies operate. You've had experience with them before no I haven't but I'm a real smart girl. Mr Dollar and I know a fast shuffle when I see it coming on the smart girl. I don't know better than deal before she's hurt. Why else would they send out a special investigator? I told you why they want some more information. What information what is it? They want to know details. That's all exactly see how your husband was cute. I told them all that in the claim he was shot to death with his own gun right here in his own house. Do you mind showing me how it happened. Oh for the love I looked at won't be any payment and till I file my report misses you win. When you go after something you really go after? Don't you get paid for and what about something you personally wanted well. That would depend on how bad I wanted I see. Would you like a day no mind if I really looking at you right now. I wouldn't mind stick to business. All right. Come on happened over here. By the stairway right here is where he fell. This is where he died. His gun was lying on the floor. Beside middle of the night wasn't about two in the morning. We'd been asleep. Why did he come downstairs? I heard a noise of some kind it will be up. I shook Ed until it him about it and he came down to see what it was. No is God. was there on the hall table by the Front Door. Is that where he usually lifted. Yes whenever he came home he always took it off and put it there on the table then anyone who knew him would probably know they could find it there. Yes I suppose so so what happened. I said it went on downstairs. I walked out of the bedroom in the hall. Whether any lights on not down here I turned on the hall upstairs. Did you hear your husband say anything. No all I heard was the shots four or five then I heard someone run out the front door and what did you do. I caught out to add but he didn't answer and I ran downstairs and found him lying here dad. Did you get a look at the prowler or whoever it was no it was too dark and your ad out as soon as he fired shots. How did he get into the house? Detective said he forced the lock on the front door. I guess that was the sound that woke me up and then he used a gun that was inside the House that he may or may not have known was inside the House House. That's what the police figure. What are you figure Mrs same thing? I guess I don't know anymore about it than they do. I thought you might have some theory of your own asking along with them just an accidental prowler who got panicky and snatched up a gun that happened to be lying around handy. I guess that's about it any idea at all. The problem might have been cost is suppose it could have been somebody besides the probably southern somebody who came here for the express purpose of murdering your husband and had a lot of enemies of course because of his job. What about his friends Mrs Blay? What do you mean suppose? One of his friends could have done it. I don't know what you're talking about. I've been admiring your watch real nice. Seven diamonds Emerald Band must be worth around two thousand dollars very nice well. Thank Kim this house the furniture that car there in the driveway on a police chief salary Mrs Blake. I wouldn't know anything about Ed's financial affairs who runs the rackets here in Green Sport. WHAT RACKETS MR dollar was? Your husband and I'm sure you won't have that drink all right. Mrs Blake played show away. I thought the Insurance Company was probably convinced that I was the one who kill them. They're not convinced if anything yet but they think I did it. Don't they know that they think twenty four hours is pretty fast for Greece stricken widow to shoot a claim into the office. I am not grief-stricken MR dollar short notice. Do I have to be is there some clause in the policy no you don't have to be you think I did it don't you. I think there's a strong chance you did then. I think you need little straightening out. Why should I make it easy for you? Those Days Sherman talked to him. They Sherman this city attorney. See what he says before. You get all lathered up see if he thinks I'm guilty and then we'll talk and if you're nice enough to me maybe I'll even cooperate. You never know do you and now here's our star to tell you about tomorrow's episode of this week story before I do that. Please let me say thanks to all of you or so kind about writing in telling us how much you like Johnny Dollar. It's very gratifying thing gratifying encouragement to all of us were involved in production of the program and we appreciate your letters more than you know as always try to answer your promptly but sometimes the male does pile up in any event. Thanks thanks very much for writing tomorrow a smash the teeth opens things up in an airtight alibi gets air conditioned with bullets join us won't you yours truly Johnny Yours Truly Johnny dollar starring Bob Bailey is transcribed in Hollywood written by less Crutchfield is produced directed by Jack Johnstone be sure to join us tomorrow night same time in station for the next exciting episode of yours truly Johnny Dollar <music> Roy Rowland speaking <music> and like I said this is going to be a really dangerous episode. The open town matter yours truly Johnny Dollar this episode July Twenty Third Nineteen fifty-six. Please thank you so I want to thank you so much for listening to our show and driving our podcast so much remember. 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I'm bobby with today's car clinic minute which is more valuable silver gold platinum if you're thinking credit cards platinum may spell power but for cars that shines on silver where we come back. I'll give you the highlights when you're a battery goes dead. Everything comes to stop. Don't take a chance on getting stranded stopped by O.. Reilly auto parts get your battery tested free of charge. If your battery does need replaced O'Reilly auto parts will help you find the exact superstar battery that fits your car or truck at a guaranteed low price O. Reilly auto parts better parts better prices every day. Sir Go great and platinum's precious but drivers agree silvers the color for cars Dupont's global color popularity report has tracked car color transfer over fifty years and this year stat say silver supreme reportedly a reflection on technology focused lifestyles and the new sharp lines in vehicle design. The the second most popular color is white followed by Black Blue Green medium red light brown gold bright red and medium gray. Whatever color car you keep wash and shine it not only will your car mirror your pride but it will also be worth more silver dollars at trade-in time? I'm bobby like us like us your love radio. It's been here all along. You know which station is GonNa tell you the score the game where to turn when the weather gets round something big happens good or bad you <unk> nowhere to go and now radio has evolved to move with you with the next radio APP and your F._M.. Enabled phone just plug in your headphones to start experiencing radio and a whole new way while using way less battery data than streaming APPs. Find your favorite stations like the one you're listening to right now it download the free next radio APP today next radio live and local wherever you go hi. I'm bobby longest with today's car clinic minute which is more valuable silver gold platinum if you're thinking credit cards platinum may spell L. Power but for cars that shines on silver when we come back. I'll give you the highlights when you're a battery goes dead. Everything comes to a stop. Don't take a chance on getting stranded. Stop by O.. Reilly auto parts and get your battery tested free of charge if your battery does need replaced O.. Reilly auto parts will help you find the exact superstar battery that fits your car or truck at a guaranteed low price O. Reilly auto parts better parts better prices every day great and platinum's precious but drivers agree silvers the color for cars Dupont's. You're listening to the heartland news feed radio network at live dot hotline Newsfeed Dot Com. This is the liberty your daily source for liberty. News and activists updates produced in partnership with S.. L. S. News and listeners like you online at liberty beat dot news and doesn't L._S.. Dot News I make Merle your latest edition of the Liberty Gold starting at one thousand four hundred twenty five dollars silver at sixteen dollars in twenty sense and Bitcoin is trading around ten thousand five hundred twenty seven dollars. Today's prices are brought to you by N._O.. Scale take off with manage. Go out looking for a safe secure way to store your important byles online. Let Enos Gail handle it for you. There high availability cloud servers are the perfect solution for clients needing one or more secure scalable servers with built in hardware fell over protection for details. See Them Online. It didn't know scale dot net in the news following a week of vocal protests us from online supporters of Julian assange twitter has reversed it unjust removal of the prominent pro assange activism account at Unity Four J. Activists Post reports that after the account was suspended without explanation being presented to its operators. Here's a staunch supporters through a clear line in the sand against Internet censorship and began making a big noise that just couldn't be ignored. The account suspension drew condemnations from high profile assange supporters like Pink Floyd's Roger Waters World Socialist website R._T.. And Lee camp as well as a sustained social media campaign by grassroots supporters which included artwork memes and of course relentless tagging of twitter support and twitter's E._E._o.. Jack Dorsey the liberty is sponsored in part by brave botanical. 'S HIGH-QUALITY CRATE HIM IN C._B._D.. At reasonable prices with excellent customer service Ray Botanical is activist owned and mission driven and believe so strongly in the power of crate him. They're giving being away for free. Just go to free ounce of creative dot com for a free ounce of cradle delivered to your door. Just pay shipping. That's free crate him DOT com. This is the latest edition of the liberty find us online liberty DOT news and S._N._l.. S. Dot News your news now continues despite video evidence to the contrary President Donald Trump on Thursday claimed he attempted to stop it. Supporters Racist sent her back chant against representative Ilhan Omar during a rally in North North Carolina when a reporter pointed out that the chant closely resemble trump's tweets which said the freshman congresswoman should go back to the countries from which they came the president said quote well. Why don't you examine it? I don't think you'll find that and quote in response to trump's rally into supporters chance Omar told reporters on Thursday that she believes the president is a fascist who is attempting to stifle descent has said this President Aziz contends. I believe he is fascist. Observers were quick to point out the president's version of Wednesday nights rally do not align with reality trump allowed the chance to go on uninterrupted opted for more than ten seconds before proceeding with his remarks in which he accused the democratic congresswoman of hating the United States saying they should leave the country a decade long fight over the proposed construction of giant. My aunt telescope on a mountain considered sacred by some native Hawaiians came to a head Wednesday when thirty three elders were arrested for blocking the road to the summit activists post reports. The most recent protests kicked off Monday when construction on the one point four billion dollar thirty meter telescope was set to begin on Hawaii's big. I want astronomer say the mountain is one of the best places in the world to get clear view in an attempt to understand the origins of the universe but some native Hawaiians revere the Mountain Eh Sacred. It's both a place where important ancestors are buried and a place believed to be an entrance point to haven't hours after the arrests Hawaii Governor. David Iggy issued an emergency proclamation to give authorities more flexibility to stop protesters from blocking Construction Hawaii News now estimated that one thousand people were present half the demonstrations while A._B._C. News reported those numbers swelled to two thousand after Wednesday's arrests support for the liberty comes from the conscious resistance assistance network featuring videos news reports articles from a spiritual anarchist perspective experience the conscious resistance at the conscious resistance dot com. How would you like to have your business featured on the liberty beat? You can just send an email the liberty be at S._N._l.. S. DOT news for details. This is the liberty produced in partnership with S._N._l.. As News in listeners like you the liberty is online at liberty beat DOT news and S._N._l.. Dot News I'm McMurdo reporting orval liberty reminding you spread liberty with a smile. The chimpanzees spends most of its day in the jungle carelessly swinging from tree tree and picking might solve itself instead of building shelter and teaching itself how to read this chimp is named Bolo and researchers at Duke University of shown that he consoled three dimensional logic puzzles and impressive feet indeed until you learn that human children as young as three are also able to solve the puzzle even mentally handicapped human is capable of verbal speech something no chimpanzee has ever been able to accomplish nations despite working vocal cords capable of howling in irritation after soiling itself chimps of being observed using tools but their tools are little more than sticks even driving and preparing pancakes tasks we leave to the stupidest produced least educated humans Lee beyond the capabilities of the gym the Onion News Network Eh. It's free talk live and we have gone way over. We had originally thought we were going to do here. We we came to Vegas last week. On Tuesday. We flew out and arrived late night on on Tuesday here. In Texas <hes> we began recording at freedom fast which was a four day long event right. We got more than five days worth of <hes> audio content out of just freedom pass right because lots of great people to talk yeah and then we went to <hes> anarchy Vegas which is where we're broadcasting from right now and that's a Sunday one day events <hes> but we've already filled well we had like one third of our show with <hes> freedom pests yesterday and the the other two thirds were from Anarchy Vegas now. We're starting another day here now almost an entire week from when we first left <hes> New Hampshire to come out to Vegas. I still have interesting people lined up for you. Yeah Oh so do I. I've had a couple of people that <hes> I've said. Come on over we need. We need to talk and there's a there's a lot of great folks here at Arco Vegas which you know for those who are unfamiliar. This is a first year event. It's being held in secret location. It was only announced to the people who purchased tickets. We you didn't know until literally the weekend like three days ago. We had no idea where this was going to be and I'm looking at a room full of people right now. We're in the vendor area. There's also another room. You can usually here in the background. There's somebody on a Mike <hes> speaking in the speakers area which is a bunch of people in it. I've heard there's going to be at least two hundred people at this amendment. I'd say they might all be here. <hes> at this point because it's it's pretty busy here. It's a heck of a an event and it feels like sort of speakeasy easy situation. You had to know somebody to get him yeah yeah. It's a good event ANARCHY VEGAS DOT COM. You can go there to learn more about it. I'm glad that <hes> we had the opportunity to come out here for it. So we do have more people to talk to and as I said before some of them are our longtime listeners may recognize as they have spoken to us at previous events in the past and our next guest is one of those folks he's Rod Embassy from electro. Pay Dot Com and let me spell that E. L. E. T. R. O.. P. Y.. Dot Com. I'm Rod. Welcome back to Freetalklive X._M.. Turning you back up because I had turned you down there because of the Mike and Background say that again thanks for having me guys. It's good to be here. We're good and it's it's great to to be here rod now. You're a filmmaker your <hes> your crypto guy. You're actually wearing your dash. Di Nero digital always <hes> tonight here and you obviously are pretty fluent in Spanish. Where are you from originally? I'm from Brazil. I was born and raised there. I left Brazil in nineteen. Ninety six ended up moving moving to Slovakia Republic and then Mexico Holland-canada U._S. and now being the U._S.. For the past twenty years and where are you based out of now. Indiana Beautiful Sailly Portuguese working in Indiana doesn't work. They're in the only one around and you we've talked to you previously about some of your film making efforts. I believe you are and are or were working on a film that cryptocurrency related out of Columbia. Tell us about that yeah well. I shot one documentary call Venezuela and Decrypt the Chris Revolution less year when I spend one week in Venezuela Ping everything with Dash and showing the documentary you know breakfast lunch airfare hotels taxi gasoline gasoline and really the stunning part of this is like you know. Apparently people drop Venezuelan money. They don't bother to pick it up. They don't they don't Mike and they changed the money since I've been there and now they're going to change it against retrieve you. Let's talk about this because this is ridiculous and it's worth mentioning it's on their third iteration of the boulevard right now in the last what twenty years basically there was the boulevard originally and then it became the boulevard sweaty which means strong stronger and I think they knocked off three Zeros from the boulevard originally and then they credible of reporting to replace that and that was what Oh eight. Oh said when was that when I I don't know about all I can tell his Venezuelans. They're amateurs compared to what Brazilians did it so just copying what Brazil we did in the eighties in Brazil we had twenty three million percent inflation. The government say twenty trillion twenty two thousand fifteen years the government cut the zero six times print new bills change the name while give us bills with new callers but still useless this paper stickers on your table here now are worth more than just copying Brazil data fifteen years ago right so then it was I believe August twenty eighteen when they changed from the Bill Boulevard Day to the boulevard Soberano no and that stands for the sovereign boulevard is now its sovereign now. They've lobbed five Zeros off of the boulevard Fort Total Zeros or five more Zeros five war so now total zeros have been lobbed off in the last last fifteen or twenty years and so just just to to put that in perspective that takes a five hundred thousand you know <hes> boulevard note and turns it into a five boulevard. Yeah it just proves that Chris's manipulated by the government. It's a piece of paper and we believe that they just believe we'll. Nobody believes this right. I mean the dealer or they're waking up. You're waking up crypto now and the the company that prints their money won't take boulevards for the printing Brazil Brazil Zoo actually has a good business printing money for a couple of contracting South American London America like they have good printing. The maintain works pretty well in Brazil but because we we became specialists we printed so much of our own money day it is they we got the technology but it's all going away with crypto. If it is going to start to save money on their <hes> the their currency by just doing one side it'll be cheaper to do one side of the and from there I went to Columbia and I record the second part of the documentary call Columbia and the cryptovest revolution where I show the mass adoption of business accepting dash now over six hundred fifty business but most importantly Venezuelans that are they're working and sending money back to Venezuela and Cassini about five to ten dollars which you know crypt allows you to do that to to send a micro permit payments more less takes a couple seconds so fi very very fee so and so there's a huge adoption of Venezuela's sending money back to their families using dash and this is it's actually one of the things we were talking about yesterday with <hes> an or on yesterday show it's still the same day that we're recording this but <hes> the remittance market making it so those folks in Columbia don't have to use Western Union or Monogram to send money back home into Venezuela Taylor. They can just send it with Dash. Yeah I think it costs thirty dollars to send a Western Union whatever amount right so thirty dollars in Venezuela a basic income salary or whenever salaryman more it's about three dollars. It's one month's salary got to pay thirty dollars as a fee that doesn't work yet doesn't work and so this is changing people's live this is making it so they can put food on the table. <hes> we've heard the stories about Venezuela that it is hard to find some of the most basic food items so you have to buy things in the black market and <hes> and the end dash cryptocurrencies specifically dash because dash has done a lot of outreach feet on the ground work and this happened organically. It's not that like the dash core team like cokie. Let's see where we got to implement dash which the best option no this was done by community members just normal people in Venezuela in Kalonga that heard about dash through youtube and say hey we can ask for money to start organizing meet OPS and show people how to download a little wallet and you know Pay Pizza and Organiz bigger events and I'll pay employees and have a phone saint or to have a Venezuela to have a dash phone Sankara raking call and Monday to Friday will answer any questions you have related about downloading wallets all this as a sponsor by the network but it happens because Venezuela's heard about it and they apply technically they presented proposal and he got approved by the master note right. This is something that is unique or it was unique. Now there's other cryptos that are here the pioneer that's a good word pioneered by dash any idea of taking ten percent of the mining rewards from the the miners out there that are mining dash and taking that ten percent and putting it into this <hes> spendable kitty where it can be voted on by the master notes in the system to decide aside well. How do we gonNA spend this ten percent and they get a budget every single month that can they can do that? <hes> so Venezuela is one of the places that that's being focused on but Latin America also Columbia leaves getting some of the folks from Brazil for the same for me for the past two years. I've been running a youtube channel specific for dashing Portuguese promoting all the business integration all exchange Brazil has a better way way better economy in Colombia Venezuela in Brazil. We have over sixty five crypto exchange even even though that's the top five seven has a volume of over two hundred bitcoins harass has maybe five becomes a day. Maybe even less but today there's a lot of exchange crypt exchanged with several tokens and people in Brazil just wanted to trading. You know what I accumulate wealth. The economy's doing good. We'd just hit all time highs on the stock market so it's a different reality. Columbia has battered economy comparing to Venezuela. Everything's better than Venezuela. Everything's about I. It's the worst on the planet I think imagine Venezuela's sneak it off to Brazil Colombia. They can get out of the border they are. They're they're going through. I mean we have the miracle Sou- which is like the same as the European Union but for South America which allows any a citizen from anti-country to goal to any of those countless just showing your I._D.. Rod Sandbox and you stay with us here. A. Rod Right N._B._C. is with us from electro. 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Do you wish you made more money unless hours you can do both I'm Caleb Jones and my staff and I have taught hundreds of thousands of men how to create low work high income location independent businesses and how to date women under your terms could a free life info dot com download seven free books and podcasts so you can live a life like this to. I'm a little obsessed with my magic mud several years ago I met Jessica Armand the founder and C._E._o.. My Magic Bud and not even know my teeth were coffee. Coffee stains a week's worth of use convinced me now I use it every three or four days. It's clinically proven to whiten teeth and I think it cleans better to my magic mud's available at most local health food stores sprouts natural grocers. C._V._S. Walmart's natural beauty al but I can get it for you for twenty percents off with Coupon Code ftl twenty my magic mud dot com F._t._S._e.. 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That's AVARICE HOSTING DOT COM so you've heard all three hours of the latest episode of Free Talk Live and you're still hungry for liberty oriented audio content. Did you know that we have another twenty. Four seven audio. Stream at L. are in dot F._M.. The Liberty Radio Network air is the latest episodes of some of the best liberty oriented podcasts on the Internet around the clock in addition to record content. You'll also we're live shows like free. Talk live originating from our keene New Hampshire studio so listen anytime at L. R._N.. Dot F._M.. That's L. R. N. Dot F._M.. They're basically two types of advertising direct response in branding radios great for direct response aunts with its low cost to listener ratio audio can't be beat for branding which is a longer term endeavor. You want to be the first thing that someone thinks that when they think about your product or service if you have a local business that you want kept top of mine in your community call the station if you need national reach freetalklive doc live got around two hundred radio stations millions of monthly listening sessions consumed all budgets and if we don't think we're right for you we'll tell you email me market for you can put the Liberty Radio Network on the air in your area visit broadcast on l. Dot F._m.. Learn how broadcast dot dot F._M.. Eh Rebecca More Free Talk Live here on Tuesday episode now at this point continuing with more interviews of some of the great people here at enter co- Vegas you can go to anarchy VEGAS DOT COM to learn more about the event here and I WanNa make sure you know about edge wallets. You can go to edge not APP to learn more about it it's I._O._S.. And android it's available on both of those operating systems. It's user controlled crypto currency buy sell trade insecurity. Hold your favorite crypto currencies including Bitcoin Point B._T._c. a theory and various Tokens minero ripple dash stellar bitcoin cash and a bunch more you can secure your freedom by using edge wallet at Edge Dot APP and again available on the Google and apple APP stores once again their website website is edge dot APP is the wallet I use more often than any other and that was true before and Rod is saying that is also true for him to that was true before <hes> they became a sponsor a longtime fan of the edge while to it's so great eight to have them actually sponsoring here on Free Talk Live <hes> Rod we were just talking with you about <hes> outreach and outreach in Venezuela outreach <hes> for cryptocurrency and also in Columbia and elsewhere in Latin America and that <hes> that of course is going very very very strong down in Venezuela especially where people are desperate <hes> for currency that is going to actually be useful and actually has a potential to hold its value and go up in value rather than the government money there which we know has been and severely debase through the process of hyper inflation and that continues with the new boulevard Soberano that the government just continues to print out as fast as they <hes> as they possibly can how long this this whole process can go for is <hes> you know or make it remains to be seen <hes> Maduro has yet to be thrown out on his but from whatever presidential palace <hes> that he's living in right now you made a movie documentary film about <hes> This and is it available now online yeah it's on Youtube. It's is called Venezuela and the cryptocurrency revolution that sparked one part two is Columbia and Decrypt Chris Revolution and partry. I still I'm still editing. I just came back from the name Brazil. The cryptocurrency revolution solution almost has got to be Switzerland in the cryptic rinsed revolution. I was in Switzerland for ten days following a delegation off <hes> Brazilian investors and cryptocurrency business that the government denied them to open their businesses Brazil sold the consulate off. <hes> Switzerland's brought all those guys to Switzerland and say hey how about you open your business here. We give all the structure all day for you need it and I was falling this tour. <hes> we've visited a bunch of lawyers a bunch of incubators a bunch of ebanks dead. The government say hey come to us. If you prove your business is legit you morton welcome to open your blockchain cryptocurrency business here which goes detoro opposite of Latin America they won't right so I saw Venezuelan the cryptocurrency currency revolutions in English. Yes it's an English. It is <hes> totally consumable. This is really an enjoyable little documentary right length and along. Is it that twenty seven minutes okay. There's there's a punch every four minutes. It's really worth watching <hes> where can people go find it on Youtube just type Venezuela and the crypt across revolution there it is it's there. You're you're free to download burning. D._V._D.'s resell uploaded whatever you want to check out the Columbia in Switzerland one to let's <hes> let's change gears here Rod. You're also working on a little gadget that we have here on the table. It is <hes> flashy. It is attractive. It is a crypto currency point of sale acceptance device correct. What do you call? This electro paid a little a hardware units that we created so to make it easy to make it easier for merchants to accept crypto rain. We have two types one. You put on top of the counter yep this one right in front of you which means there's eight types off a blockchain that the person can select <hes> Dash Courses Dash of courses there but <hes> you can cost them is to whatever you want okay but basically these unit cost one hundred dollars callers and then <hes> it's connected to a next change via A._p._i.. In the U._S. we don't have exchange yet in Brazil. We have one number two thousand units. Wow so basically the pizzeria just has to get one of those units point of the top of the counter the start accepting crypto right away and all have to open an account inside the exchange and if they don't care about crypto doesn't matter because or whatever and yet they got paid to get payments Egos into the exchange and then they exchange liquidates directly to fit into their own accounts so it's a hundred dollar units <hes> this one. It's a portable one. It's has a battery and a bigger screen Disney set two hundred dollars per units but what we're people doing before this while the that's what I shown the documentary how hard it is to for example the owner of business in Latin America one except Crypto the either print the Q._R. Cold <hes> that's bad which is bad being not a lot of people know that yet but they will find sooner or later they can scan the cure on in the how much money to have so they they can. That's true so they can be robbed. You know say hey. I see you have that wallets. That's bad but also your customer you Never WanNa put them in charge of determining the amount to send crow when you just have a Q._R. Code just out on a countertop L. Laminated or whatever then you're requiring the customer to scan the code and then put in the correct amount on their own phone which half the time they're gonNA screw something up and Dan you have taken. I see your phone. Check the transat awkward or you have to have cell phone or a computer just except crypto right most of the time people can give me your cell phone and then they computers behind the counter so you have to give your cell phone and so we may not easy we made a device that it's simple and easy and prints are receipts. Believe it or not steal one they want. They won the paper. I don't know why but there's still want it. It's the way things have been for a long time and it's hard to change the way things have been so I mean one hundred dollars for a you know a dedicated crypto accepting device and you've got the <hes> what do they call it electronic paper <hes> like the L._C._d.. Display in there. There's a flexi glass. which is we made it a screen so just select by by touching which blockchain the one if you WanNa pay with the light calling or if you want to be with dash or Bitcoin bitcoin cash and then there's also some sort of a calculator Ocu- later right besides which the owner of the business will just type okay you know Tampa stand plus Tanto thirty so the Q._R. Code will be generating be extracting thirty whatever blockchain select and also verts into so you you can see on the display either in U._S. dollars or during vessels so you know exactly them? All you're paying. They also sooner form you send the payments while second later at zero call takes the payment Princeton receipt and off you go. It's <hes> it seems really straightforward Ford and <hes> and simple and so is this available right now like you said an exchange had purchased a bunch of these things was it Brazil Brazil so <hes> we have five units fully-functioning for the past month in abyss is missing Brazilian so now are we gotta be delivering two hundred units on the next four weeks once we're done with those two hundred units you already have to just to be clear. You already have two hundred more businesses who were like give me one of these things correct so the weather. The best sparked was the owner of the exchange did a partnership partnership with the local chamber of business and commerce from two CDs so the the Chamber of Commerce will be there was distributing those unit smart smart guy correct so so once we have those two hundred units they're working and we've got to open to sell sell to other <hes> to other parties because we want to make sure that this is I mean it's one thing to make five units work. Yes sure it's another thing to make two hundred and now I think to make tech support for those people are GonNa need help. They <hes> their new to this. They're not experts at CRYPTO and a lot of cases so and we them hand holding we make as easy as possible so you don't have to know much you put on your business and all you have to do is select the blockchain you print sitcoms out it brings to receipts along for you in the month for the clients and we have all day formation and our tweeter also the name over the tweet countless at bait electoral and the website is electoral pay. That's E. L. E. R. O. P. A. Y.. Dot Com Rod. Thanks for coming on free. Talk live once again thanks gang. I'd like to be here really appreciate. Get your time as always we got more on the way here from Darko Vegas how much more they remains to be seen. We continue free talk live. This is a special blurt for business owners. Consultant coaches folks planning retirement entrepreneurs anyone who has saving investing to build a financial future. You're likely aware that financial privacy for most people has recently died a miserable death and let's face it without privacy. There really is no security is are bankrupt. Governments and banks on the verge collapse are perhaps the biggest threat to your financial future today. The Lighthouse Law Club recognizes this and has been working diligently to provide safe secure and productive tools rules to ensure your privacy your financial security and your future financial wellbeing despite the catastrophes which many people fear are looming ahead of us find out more with a variety of free videos on the Youtube Channel Offer Lighthouse La Club just search youtube for Lighthouse Law Club and secure your future today. We have some good news. The indictments against Roy celebrate in the district of Maryland were dismissed with prejudice meaning. They can never be refiled. This is especially good because those indictments contain the only charge ever made that Ross engaged murder-for-hire. This was a serious allegation at roles outbreak denies it was never prosecuted or wrote on by jury but was trumpeted trumpeted by the federal government and the media as if it were proven fact the Maryland Court held these indictments for almost five years poisoning Ross's case and leaving him under a cloud of unproven allegations as explained enrolls appeal to the Supreme Court the fact that the judge used these allegations together all say draconian sentence of double life without parole violated his sixth amendment right to a jury trial judges are required to issue statis- based on convictions decided by a jury not unproven allegations never even charged at trial although this is a positive development that dropped indictment that will not set rolls free now a presidential pardon is Ross is only hope of freedom signed a petition at free Ross Dot Org Free Ross Dot Org. 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TIP297: Warren Buffett & the 2020 Berkshire Hathaway Shareholders Meeting Part 1 (Business Podcast)

We Study Billionaires - The Investors Podcast

59:21 min | 6 months ago

TIP297: Warren Buffett & the 2020 Berkshire Hathaway Shareholders Meeting Part 1 (Business Podcast)

"You're listening to t I ip. Hey everyone welcome to our show every year sticking. I do a roll up of the best questions and answers that Warren Buffett has from the Berkshire Hathaway shareholders meeting. We thoroughly enjoyed doing these episodes in this year was no different. I think we cover a whole lot of different topics and without further delay. Here's our first part episode of the Berkshire Hathaway Shareholders. Meeting listening to the investors podcast. Well we study the financial markets and read the books that influenced self made billionaires the most. We keep you informed and prepared for the unexpected. Hey everyone welcome to the investors podcast. I'm your host. Preston patient is always accompanied by Stig Brockton. And we really liked doing this episode. We've been doing this since the inception of our show and we pick out some of the best questions and answers that we saw from the Berkshire hathaway shareholders meeting. And then we play them here on the show and we have a little discussion after each one of them. Q. And A. With Warren Buffett and China monger a stable. The main attraction of the event. First of all Manga wasn't there so you're going to hear what primarily Warren Buffett has to save but also the CEO of Berkshire Hathaway Energy. Greg able who's sitting instead of Challen Manga this year so I think that in itself is actually interesting. That Shali didn't made or the way a buffet said it was that it just didn't make any sense. In terms of the one event that would make the flat out to Omaha the planners still that he will be back next year but before the actual Q. And A. There's always a segment where it won't buffet talks about books. How the way? And he does that in this annual meeting to and he talked a lot about airlines which was very interesting and the very first question from big a quick. That's about airlines to and why Warren Buffett sold his airline stocks. And so what we've done just for this question is that we just gonNA play. Warren Buffett said in the second about Brexit Halloway about airlines and then transitioning into the first question and then what born buffet has to say. So it's just GonNa be for the very first question but yeah let's see what he has to say. I just decided that I'd made a mistake. Valuing an understandable mistake so probability weighted decision when we bought that we were getting unattractive amount for our money when investing across the Airlines Christmas. So we bought. Roughly ten percent of the four largest airlines is not one hundred percent of what we did neighbor but we probably. Baid seven or eight billion. We were getting a billion dollars. Roughly earnings now getting a billion dollars of dividends but the our share of the underlying earnings was a billion dollars and we felt that number was more likely to go up than down over a period of time. That would be cyclical. Obviously it was as if we bought the whole company but we bought it through New York Stock Exchange and we can only actively I ten percent roughly of the four and we treated mentally exactly as if we were buying a business. The companies we bought or well managed a lot of things right. It's a buried very very difficult business because you're dealing with millions of people everyday and if something goes wrong for one percent of them are very unhappy they're line business and I may be wrong and I hope I'm but changed in a very major way and it's obviously changed in the fact that there for companies are each going to borrow perhaps an average of at least ten twelve billion h way. You have to pay that back out of earnings over some period of time of year. Ten twelve billion dollars off if that happens. And of course in some cases they're having to sell stock so the right the bias stock prices and that takes away from the upside down and I don't know whether two or three years from now that as many people will fly as many passenger miles they did last year they may they may not but the future is much less clear to me how they doesn't turn out through absolutely no fall their lines themselves. Something that was a low probability event happened and it happened to Ert particularly the Travel Business Hotel Business cruise business but the airline business in particular and of course the airline business has the problem that if the business comes back seventy percent or eighty percent the aircraft don't disappear got too many planes but didn't look that way on. The orders were placed a few months ago and the world changed which well but it's one of the businesses we have. We HAVE BUSINESSES. We own directly the are going to be hurt significantly. The virus will cost Berkshire. Monday doesn't cost money because her stock and various other businesses moves around the X Y Z. Which is say is one of our holdings we own it. A business and like the business stock goes down twenty or thirty or forty percent. We don't feel were poor and that situation. We felt we were poor in terms. Of what actually happened to those airline businesses? Just as if we don't hundred percent of them so that explains those sales which are relatively minor but I wanna make sure that nobody thinks that on Balza Market Prediction. We were not disappointed at all. In the businesses they were being run and the management but we did come to a different opinion on then. There are the four largest. Us Airlines American Airlines and Dell Airlines and Southwest Airlines United Continental and I think collectively they least eighty percent of the revenue passenger miles flown in the United States and the significant international lying to excluding South West. So we like those airlines but the world has changed for the airlines. And I don't know how it's changing. I hope it corrects itself in a reasonably prompt way. I don't know whether the Americans have now changed their habits or will change their habits because of an extended period. If it happens we're semi shut down and the economy who knows how come out of this but I think that there certain industries and unfortunately I think SAN airline industry among others. That are really hurt. A forced in fact shutdown by events that were far beyond our control really. Nothing add okay if we got another. Charlie intend to use that as a lime. But you've covered a well. We would have bought other airlines to incidental but those were the four bay once those ones that we could put some money into and put whatever was seven or eight billion into it and we did not take out anything like some billion. That was my mistake but it was. It's always a problem if there are things on the more levels or probabilities that happens. Sometimes it happened to their lines and I'm the one who made the decision. I really liked this conversation. I think Warren Buffett has or sometimes can have a habit of not talking too much about his positions and why he just bought and sold I guess is also to shield himself from too much information bias but really liked this discussion and the think that one of the key learning outcomes for me was when he talked about probable mistake. And what means by that? Is that if you played this scenario an infinite amount of time decision to buy airlines. You probably would be a good decision. So what you mentioned that what she pay between seven and eight billion dollars for around one billion dollars in profits and he expected that to increase so yeah it probably would be a good idea in most scenarios but then because of Cohen Nineteen happening. This situation completely changed the Intrinsic Value Office Ellen stocks and. I think it's very important to then say that. You cannot control the outcome but you can always control your decision so I found that inciteful and I think it's very interesting to note that Buffett bought Delta stocks back in February forty four dollars and ride now straining at twenty two dollars and he actually two sets of Big Creek at the time that he didn't intend to sell any of those stocks due to Kobe. Nineteen and not long before that. They'll tell us actually trading at sixty dollars now within laid happened was the buffet. I sold Delta also position in southwest airlines back in March but the way that that was conducted was just bid weird because he basically just took his position Dow to a little less than ten percent and it looked like it was really just for legal regulation purposes that that because the reason why we even had information about what to didn't February was because he held more than ten percent stake so it just kind looked like a trimming and then we just saw that out completely of his position so to me. That was quite interesting and the other thing was that Buffett said that interview with Becky quick back in February that only three out of those four major airline positions that was his. The fourth was either tat. Didn't say which one on the force that was not his but what is told us here was that he made the decision for the entire budget. Folio that all of them should be sold off and I kind of felt that was very interesting because I was quite certain up to today. Really that Ted talk would completely men's their own portfolio so that was kind of interesting or perhaps he was just his way of saying that he talked to them about it and then they met decision. Who knows but I'm curious to hear about your thoughts Preston. It's fascinating to see how he was talking about this. So the big points that I had was the one he talked about. The borrowing was can be between ten billion dollars per company that he owned in order to just offset what they were going through. So it when you're looking at something from an enterprise to earnings level so we mentioned enterprise value a lot so for people that are listening to the show they might hear the term they might not understand the term but stig and I and some other value investors really liked to look at the earnings accompany makes relative to that enterprise value. So when you're looking at that proportion. Let's just say that the enterprise value of company ten dollars and makes one dollar of earnings? Therefore we think that just in really rough estimates that the company should probably yield about ten percent annual return based on those kind of metrics came so the reason we like enterprise value is because it also accounts for the debt of the company. So let's say a company has no debt going back to the example of ten dollars. We'd say that the enterprise value the company's ten dollars but if the company had let's say another ten dollars of debt in its market cap was ten dollars. You'd add those two numbers together in order to get your enterprise value. There's also a little bit of a cash calculation in there but I'm just gonNA act like that doesn't exist for this easy example bill. Let's say the company had ten dollars a debt. Ten dollars of market cap for a enterprise value of twenty so that companies still has one dollar earnings. You're not getting a ten percent return. You're getting a five percent return because your accounting for the debt in the valuation the enterprise value of the company. So that's the easiest way I can break it down so when I hear buffet. Talking about each one of these companies are going to have to take on additional ten billion dollars of debt to be able to sustain. What's happening in my mind? I'm saying Yep he's doing an enterprise value calculation he's adding that into the market cap of the company and he's having a reduction in percent that he's expecting to get back from that company because of the debt implications the burden that those companies now have so. I think that's an important point for people to think about the. He'll never get into and explain that way but he says it real casually like Oh yeah. Each one of the companies are gonNA have to take on ten billion dollars of debt. He's onto the next comment. That's a gem of a comment for people to understand how he's thinking about valuations thing estate out to me was that Buffett said or at least between the lines have a hard time value in these companies so this was not buffet. Necessarily saying airlines will be a bad investment. The next five ten years he was more saying I can't own and because it's too difficult for me to value to me. That was just something. I think there was really worth noting and he knew how to do that. Before airline traveling it's such monetize business and there was so easy to make so many projections. Least if you look at historically a lot of good things happening low all price. That would be really good if you on an ally which is the major expense. But if you don't know that your top line anymore it used to be so that you had reasonably good idea at the top line it typically also followed some sort of function of GDP. That's just not the case in more and buffet just didn't know how to make relation. How can you own something? But you don't know what's worth. I totally agree with that. He's looking at it and saying this is too hard for me to come up with future value. You saying I think there's a major change in buying habits for the consumer of this. I mean come. Let's face the facts. I think most business travel can be done. Virtually the impact is very minimal right. I think this is his concern. He's looking at. Oh the next six months businesses are going to realize how invaluable all that travel that they've been doing is and I think that's going to result in a business. Habit changes what I think. He's seeing this as the final thing that I think is really important is. He wasn't deep in the money on these positions right. And when you're not deepen the money and you're having trouble calculating what you think the future value is going to be and you think there's going to be a change in the consumer habits. It's a perfect time to offload and go somewhere else where you think that you do have an advantage because there's no tax implications to that so. I think those are the big points on that one so we're GONNA go and play the next question here. The next question from Robert Thomas from Toronto Canada and he says Warren. Why are you recommending listeners? To buy now yet. You're not comfortable buying now as evidenced by your huge cash position. Well as I explained the position. Isn't that huge? When I look worst case possibilities I would say that there are things that I hope. They don't happen but that doesn't mean they won't happen. I mean for example. Our insurance business. We could have the world's or the country's number one hurricane that it's ever had but that doesn't preclude the fact we've got to have the big earthquake a month later so we don't prepare ourselves for a single problem. We prepare for problems sometimes create their own momentum in two thousand eight the nine. She didn't see all the problems the first day when really what really kicked it off was one the Freddie and Fannie the GSEE's when in the conservative ship in early September and then when money market funds broke the Buckeye. Mehta there are. There are things to trip other things and and we take a very much a worst case scenario in mind that probably is considerably worse case than most people do saw. I don't look at it as huge and I'm not recommending that people buy socks today or tomorrow or next week or next month. I think it all depends on your circumstances but you shouldn't buy stocks unless you expect in my view. Expect to hold them for a very extended period and you're prepared financially and psychologically to hold them the same way you would older farm and never look at a quota number. You don't need to pay attention to them. I mean the main thing to do. And you're not gonNA pick the bottom. Nobody else can pick it for your and think of a short. You've got to be prepared when you buy a stock have been down fifty percent or more and be comfortable with it as long as you're comfortable with the holding. I pointed out a year maybe two years ago in the annual report. I pointed out that there have been three times and Berkshire's history when the price of Berkshire stock went down fifty percent free. Different Times voted on borrowed money. You could have been cleaned out. That wasn't the thing wrong with Berkshire. When those three times occurred. Some people are more subject to fairer than others like the virus strikes. Some people with much greater ferocity than others in fear is some people can handle a psychological again handled. Psychologically then you really shouldn't known socks because you're a bind solemn wrong don. I love this response. I think that what he saying here is so counter to Wall Street thinking and make a quick buck. This guy is running a business when I hear somebody talk like this. He's running a business and he's thinking about the employees that work for him so that they will continue to have a business the walk into or to work from. He's mitigating risks. That other people don't see he's mitigating risk. That could be hundred year. Storms could be five hundred year storms through his actions. Now a lot of people might not like the amount of risk that he's calculating and then he's preparing for and the fact that the stock price might not be keeping up with other companies that are levering and doing all these things in order to produce results that outperform. But when I hear that my God I know I think about my own business through a very similar light. I could give two craps whether I'm outpacing this or outpacing that and I just love this response. I really like this in you. Know as a person that has thrown a lot of rocks at Warren for having such a large cash positioning in telling people to buy the S. and P. Five hundred and not buying it with his massive cash position. I think that this response talks to how he views insurance how he views. I think his comment there with the I could have a hurricane and then I have another major hundred year event back to back and then they're going to be looking at Berkshire Hathaway to cough up some money in order to take care of this so I think that's how he's doing world right now. I think he's looking at the lens of their some interesting things happening in market and he feels like he needs to be prepared for a very very rainy day here in the future. The other thing is that he is sitting one hundred and thirty plus billion dollars in cash but a SPA has just set repeatedly. People always compare it to his equity holding. Potisk think the in the last quarter of one hundred eighty probably more than two hundred billion. Now it's like that's not the right equation. 'cause he has for hundreds of billions in operating companies so does not feel. He has as much cash as people tell him that he has so. I think that's one thing but I really wanted to play this question because buffet is so often misunderstood when it comes to whether or not you should be invested in the stock market. I've seen hundreds of interviews with Warren Buffett over the years and he's so often asked this question. You have this journalist. Who was like? Oh is now the time to invest in the Stock Mangat and I kind of feel that question is unfair and really what it is talking about. He spent I think almost an hour before Q. and A. Session where he talked about bending on America. Like why if you bought an index just hill onto with how much money you have made and. I think that it's so unfair because the headline after interview is typically like Baba's that now is the time to buy stocks. And that's just the complete opposite of buffets you like buffets view is bets and hold on. Don't try and time the market for the vast vast vast majority of people Louis but I definitely understand why the question was asked because especially for retail investors and even for many institutional investors. It can mentally be very hard to sit on cash and you really always look for the right time to be fully end. Asked to say that you're sitting on ten attempts cast and you're like is now the time to go into the stock market but that's not at all buff looks at it because he doesn't buy that brought. World Market Index. That's not what he's looking into doing for his own portfolio doesn't really make any sense. He's looking at specific businesses. And I think one of the biases that we have and I think that might also have been but the person who asked the question might be prone to that bias that we tend to think very short term right now look back at the peaks February just before cord nineteen and it really looked like buffet. Tests missed out on this major opportunity in March and so listening to this in. May It might be easy to look at office like. Oh my God you should have acted but there are a few things that we need to factor into this just like the stocks we talked about before it took months for him to build up that position. Seven eight billion dollars. It takes time to build a position in public stocks. Especially whenever you have that type of money. I think that whenever I sold the financial statements I was like oh I thought you would have put intensive billions of dollars but after listening to his responses. I think makes a lot more sense why he still cautious of what's happening right now. Let's take a quick break and hear from today sponsor. Although we're value-based investors at heart it has long been known among investors around the world that systematic or quantity strategies have become a highly successful way for professional investors to extract returns from the market. In fact most of the top ten hedge funds in the world today like bridgewater associates and renaissance technologies discovered this decades ago. And there's one podcast that covers this area and finance in great detail in its top. Traders UNPLUGGED DOT com. And Right. Now you can get a free book explaining how to systematically identify follow market trends as well as a comprehensive guide to one hundred of the best investment books of all time. Just go to top traders unplugged DOT COM SLASH T. I P to get your books today again. Just head over to top traders unplugged dot com slash T ip. You'll be glad you did all right back to the show. The only other thing that I would add. Stick it why I think it was a very fair question is when you look at how he's been allocating his free cash flow over the last two years. A significant portion of that free cash flow has been going to cash or into really short duration bonds which are cash equivalents and so I think a lot of people including myself has been screaming. Hey He's going on TV and saying you should be an owner of equities yet. You look at how he's allocating free cash flow in the last two years and seventy percent of its going to cash so I think it was a very fair question. I think it was a very fair response. And how he's looking at it and I think to be quite honest with you. I think he's looking at GEICO has a huge vulnerability to how he's positioned going into this and rightfully so. I think that when you look at Geiko and in the past you used invest the float and make decent returns on the float. And now you can't do that. But as the parent company which is a fully owned operational subsidiary. That's what Gyco is to Berkshire hathaway the fact that he fully owns a thing. He's fully responsible for any missteps or any issues that the thing has at this point. I think the insurance industry is not a place I would. I would not wanNA own gyco today. Based on where interest rates are at right I mean what's the advantage to him other than the liabilities talked about in that response. I think it's a big concern. And IT'S AMAZING. How this kind of how things go in phases. It used to be his biggest set. Go and how. He could invest that float. But now that you got interest rates pegged at zero percent in hell going negative right that becomes a liability at that point. Especially if you're talking about being a parent company and you fool you own the thing so I don't know I think it's very very interesting conversation and I'm sure there's Blair's deeper than were even talking about right now that I think if you got worn in the room and had no cameras on. I think he would say Geico is a little scary form right now. I think that looking at Geiko specifically there are a lot of different moving parts. That will make that interesting. One thing is the interest rate is you said it. Think that the still make a decent margin underwriting still and the other thing is the way that their position the way that these deals have renewed. I not too concerned about that. You can even make the arguments that some extent least forward-looking when something like covert nineteen happens. Whenever there's fear there's a lot of money to be made in insurance and like very very short term you can even say especially gyco with their business model a lot of those claims that they would typically have. The probably won't have at the moment but I think much more serious issue for not just GYCO but the insurance industry's that that industries really looking to be disrupted like heavily and it just in so many ways in the way that file claims in the way that you make new risk evaluations of people who are on the other end of that underwriting. We'd all new technology that's coming. It's already changed in the major way of over the last decade I. The insurance industry would be almost unrecognizable in the next decade or two. So I guess that's more my issue and if you really really interested in learning more about that I would actually highly highly recommend that you would listen to the future fast than you think where there's a long segment about how the insurance industry will be disrupted the last thing. I just WanNa say to this is I think really interesting deals coming up. A lot of this depends on the fat too but there is definitely a lack on the real economy if you put like that. And that can lead to some fire sale prices for some of the major companies and thing. That's also one of the reasons why buffet might be looking like he's sitting on his hands right now. I just want to add. I agree with you. I think that there's a lot of margin still laugh by owning gyco. Please don't take my comment as being that. It's a bad company because it's not a bad company that makes a ton of profit. I think relatively speaking compared to where it was ten fifteen twenty years ago. It's a way different companies in his portfolio than it used to be. Okay we're going to go out and play the next question here all right. This next question comes from Louisiana. Dr Mun. His question is in the last financial crisis. Berkshire acted as a lender of support for eight different deals. Despite the injection of expensive capital through preferred stocks and securing warrants. These companies were in fact paying for the sign of confidence from Berkshire in the midst of a crisis and that was invaluable today we have Qa. Infinity low interest rates and hungry hedge funds even though the economy has deteriorated rapidly over the last few months. Why have we not acted as a lender of support? We haven't seen anything attractive. Frankly wasn't predicated on this. But the Federal Reserve did the right thing and it entered very promptly so should have and I salute them for but that means that a lot of companies that needed money and probably should have done their financing a little earlier. But they're perfectly decent companies. Got The chance to finance in huge ways in the last five weeks or thereabouts set records. Some companies have come back twice the number very big companies. That didn't bother to extend out there. Borrowings came a couple times Berkshire actually raised some more money. We donate a but I think still a good idea overtime and then there are some pretty marginal companies have also had access to money so there is no shortage of funds at brace which way would not invest out so we have not done anything because we don't say anything that attractive to do now that could change very quickly or may not change but in two thousand eight nine. The truth is we weren't buying those things to make a statement to the world. They may have made a statement of the world to some extent and I'm glad that they did if they did but we made them because they seemed intelligent things to do and markets were such that we didn't really have much competition now. It turned out that we would have been a lot better off if we'd waited for five months to do similar things so my timing was actually terrible. Who Thousand Eight or nine. What was available so attracted that even like timing was terrible. We came out a little bit better than okay. What we did was not designed to make a statement it was designed to take advantage of what we thought were very attractive terms but they were terms that nobody else was willing to offer at that time because the market was in a state of panic and the market in equities was in a state of panic per short period of time why rece- Brokaw became apparent and debt market was frozen are in the process of freezing and that changed dramatically when the Fed added. But who knows what happens next week or next month there next year. The Fed doesn't know I don't know and nobody knows is a lot of different scenarios that can play out and under. Some scenarios will spend a lot of money and other scenarios. We won't Greg Yuban watching what's been happening. Yeah well I think your comment on the Fed. Warn his you know. Interestingly when it was first occurring there were calls coming in not the size of transactions. Were interested in nor companies. We were inclined to act upon but there was a general interest out there as people were in a difficult point in time. I look at their balance sheet and deciding what they were GonNa do but the reality is those companies were not of interest in post. Basically effectively March twenty third. The companies have been able to act and and Warren touched on it at Berkshire hathaway energy post the Fed action we actually issued four billion dollars of securities that was associated with debts or obligations we had maturing some short term obligations we wanted to clearly lengthened out and we pre funded one of our capital program that facific core with the thought. This was the time to get the funds in place. Shall we could proceed with what is really an excellent opportunity both for Pacific or per customers and ultimately for the Berkshire shareholders. So we've taken action within Berkshire has worn noted. This is a very good time to borrow money. Which made him happy. Such a great time to lend money. It's good for the country that it's a good time to borrow money for Berkshire or deeply although we borrowed money. But we put our money where our bothers stig what. I found interesting about how they responded to this. So becky's asked a great question and they're able to basically take a question of like. Why are you guys not lending money into the market and taking advantage of this like you didn't know eight or nine and they just smoothly? Say Well not only. Are we not doing that? Were also issuing debt in raising cash because rates are zero percent. But they did it in this like really smooth and slow way of I mean all my God. I looked into one of the that Berkshire did back in February and the race. Two billion euros five year notes four zero percent because it might come in handy at some point in time to have cast lying around. I think that was very very interesting. But you know I really liked this question because it was comparing two thousand and eight today and it really gave us a chance to talk about why. It's a different situation but obviously also some of the things that we can learn from that time and the one example of that the person asking that question might have been thinking of would be the famous deal that he may with Goldman Sachs for five billion dollars by two thousand eight and buffet. More or less dictated those terms and he just made billions and billions of dollars in that deal in a very short period of time because Goldman Sachs so much in the pig at the time. And I can't help but noticing that two thousand eight also wasn't an election year and selection year now too but it's also very different in so many ways because back then the tiffany word strong support from the voters of. Hey let's bailout Goldman Sachs not why people were talking about back then and it was just very different in terms of supporting the system. It was still heavily subsidized even though not nearly to the same extended is today and you can even cue that we're just getting started with that and also think that. Buffett was a very very humble and we talked about that he should have weighed it back in two thousand eight that he was too early to tell the deals and yes it is very very difficult to time but I think there was a few different factors that placing here definitely. Don't think that he's saying this. Because he's thinking about two thousand and eight but I think that he has changed his perception or he's changed his opinion the house of your covert nineteen us and we just talked about before buying Delta in February and then selling much much lower prices in March and even lower prices later so I think it was just like this is just more severe than I thought. Now we need to act on that and the other thing to mention. Is that one deal. That really goes under the radar compared to the Goldman Sachs deal is what happened in two thousand and eleven whenever he made a fantastic deal with bank of America so this was the six percent preferred she deal and he came with warrants that he could purchase at a fixed price of seven dollars and fourteen cents and to me. That was very interesting and he had the right to do that. The next ten years and so in a very depressed price where buffet made more than three x plus dividends. So I guess. That's my way of saying that sometimes to make the good deals even if you have a huge crisis it just takes time and you listening. Braid my screen to that. You should act now in the case of Bank of America. You should wait for years to make that deal in talking about the Goldman deal so yeah. He's supplied five billion dollars to Goldman in a time of need back. Then but there was convertibility clauses to common stock on these deals and I think that's something that people lose sight of and I think something that that question is for person who doesn't know the history on it would hear all he was providing cash to the market back then he was but he was also orchestrating the conversion of that into common stock and I think the the strike on that Goldman Sachs was like one hundred fifteen and back then. Goldman was trading like seventy or eighty dollars when he did that deal and so when he eventually exercise it. I think the price of Goldman was well over two hundred dollars a share so his one hundred and fifteen dollars strike was an immediate hundred percent gain as soon as he exercised that option. And so those are important pieces to this especially when you get into how he does prefer deals are typically a lot more complex than just. Are you issuing dad or are you buying that? I mean it's there's a lot more to it than that and I think it's hard to extract some of that information out of some of the questions all right so we're going to go ahead and play the next question here and here it goes that gets kind of to another question that came in from Mark Nicholas in Chicago Illinois. He says Berkshire itself has a Fort. Knox like balance sheet but some of its operating companies may be tight on cash during the pandemic would Berkshire considered sending cash to its operating companies to one ensure that they can get through the pandemic and to allow them to increase market share while their competitors struggle. We've set money to a few and we're in a position to do that. We're not going to send money indefinitely. Anything where it looks like. Their future is changed dramatically from what it wasn't the years ago or even six months ago. We made that decision in terms of the airline business. We took money out of the business basically even at a substantial loss and we will not fund the Company. The where we think that. It's going to chew up money in the future. We started out with a company like that in our textile business at Berkshire hathaway in nineteen sixty five and we went for twenty years trying to think we could solve something. That wasn't that solvable. Also we're not in the business of subsidizing Andy companies with shareholders. Money IF PEOPLE WANNA do that with their money but we're not going to do it on their behalf but we have advanced money or in too. That's my gaining market share. And all that that may happen but the companies that need mommy probably market sure is not their number one problem. I'll put it that way. Yeah it's interesting when we look at our different companies as we went into the pandemic or addressing the in nineteen crisis obviously the first focus by our Management Team. Inappropriately was our employees infective. Making sure they're safe in the business environment. We're in that they could continue to operate then. We quickly move to looking at where our customers were in the cycle. What was the underlying demand within the business into great credit to our managers they very much have adjusted their businesses consistent with the underlying needs and demands of our customer so effectively. They're moving with the customer meaning. Very few of our businesses of actually required on some have warned said we've advanced the funds to him but the businesses of really reacted in a way where they're managing consistent with where the market's at either the demand for their products Berkshire it's almost certain to generate cash. Nothing's honored for certain. But as Greg mentioned Berkshire hathaway energy we had some short-term financier with we don't have short-term financing at any degree will never get ourselves in a position where we have a lot of money that can come due tomorrow and people that were financing heavily with commercial paper and then found their business. Stop on. You've seen what's happened to the airlines. I mean they need money. Cruise lines need money some businesses that just the nature of what they're in. Berkshire will never get a position where it dates. We've actor and some things that are not ridiculously unlikely and I'm not going to spell out scenarios because to some extent who starts spelling out scenario hubay increase the chance of them happening so it's not something that really want to talk about a lot but our position will be the be the stay for notch. But we don't need one hundred thirty or thirty five billion but we need a Lotta money always available and that means we own nothing but treasury bills. I mean we've never owned. We never by commercial paper. We don't count on bank lines. Feel subsidiaries happened but we basically want to beat a position to get through anything and we hope that doesn't happen but you can't rule out the possibility any more than nineteen twenty nine. You could rule out the possibility that it would be waiting until nineteen fifty five earn the end of nineteen fifty four to get even anything can happen and we want to be prepared for anything but we also WANNA do big things that the prices are attractive is. Greg said there was a period right before the Fed acted. We were starting to get calls. They weren't attractive calls but we were getting calls and the companies we were getting calls from after the. Fed acted a number of them. Were able to get money in the public market. Frankly in terms. We wouldn't have him so. I really like this question. Unlikely question because the person asking really gives buffet a chance to highlight the advantages of books. Halloway to be able to freely move tax free. Move around Pash in the organization whereas put best to us. And that's really whenever it pays off to be a conglomerate where you have a great capital educator in charge which is surely the case. Halloway like even more about. This is how Warren Buffet talks about that. He doesn't want to subsidize. Companies needs cash. Because they're in a difficult situation in he mentioned airlines. Airlines are in a tricky spot. So He's selling his position in airlines. He doesn't want to subsidize them for the sake of doing that because they are now part of the Berkshire family and it's very interesting because in the way you could even say that. Buff is being penalized for being capitalist. And what I mean by. That is that there's so many people especially the Goldman they have a strong incentive for good reason to why Major Airlines for company like Boeing so important to infrastructure as so important for so many parts of the US. But you don't have to think like that whenever you are a businessman. You're just thinking what makes sense to quote unquote subsidize. What makes sense to invest in? Where do I get the best return? Not wits companies. Shoot I say for the sake of saving them. And if those companies haven't been bailed out by the Fed I'll be very interested to see what would have happened and perhaps that will happen. I do think for the record. Though that will continue to see a lot of companies being saved for the time to come not just this year perhaps also going to next year but America curious to see what happens then when that credit truly freezes how will buffet act nothing. That's whenever we're going to see him bring back that elephant gun that he talked about for so long making those huge acquisitions and that's the time whenever we're GONNA see a new Bank of America deal or Goldman Sachs deal. Buffet is basically thinking like he owns insurance company which is coincident also does but he cookies thinking that at the right price he can more or less ensure and invest in anything. But it's just not attractive right now not the way. Things are with the fat and the current conditions. Let's take a quick break and hear from today sponsor this free podcast episode is brought to you by Radius Bank. The Best Online Bank in two thousand twenty according to bankrate dot com as a forward thinking digital bank radius has always been prepared to handle all of your banking needs with their interest. 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Yeah I don't really have too much to add on this one. I think he's just an effect he saying. If we think that the business will continue to have viability into the future we own it. As a wholly operational subsidiary will will supply them some cash to help them get through that so that they don't have to borrow but for the most part in this is how he's always treated his businesses. Hey Run your business and update me on how things are progressing and if you get in a world of hurt and we think that you're still viable we'll help you out but for companies like the airlines. I think for a person. Who's listening to this? That's not intimately familiar. With all the assets. On their balance sheet the airlines were a nonoperational subsidiary ten percent holdings right. It's real simple for them to say we're done with us and we don't have any type of obligations to you in the future when we all your stock but when he has I don't know how many operational subsidiaries they have. What is it? Like eighty or seventy completely fully owned operational subsidiaries. They've got a treat. Those businesses a little bit differently than they treat a Delta or some type of just equity position that they bought off the open market so that might be lost a little bit in the response as well but I think those were the businesses that they were talking about in their response and if they felt like I know that they own encyclopedia Britannica or at least they had they might have sold it by now. But I've seen that on their display at the shareholders meeting and for me it's like I don't know how that businesses still possibly making money so if to you are saying we need cash. I'm sure they're saying sorry. We're not gonNA provide it as I think they're just trying to. His comment is pretty straightforward as far as where they're providing capital and where they're not all right at this point. We're going to continue this conversation next week. We've got another four questions. The play we this thoroughly enjoyed doing this. I don't if the audience enjoys it but I know sticking. I really enjoy doing these all right. So we're going to play question from the audience. And this question comes from Morris. Hey precedent stake love the podcast. Today my question is regarding inflation. Relatively new investor donor send the phrase cast is trash when I think about it. In inflationary period security prices are bound to drop and while the value might dollar is decreasing the ratio between the value of my dollar on the value of securities is higher than ever before that makes me think is this phrase referring to gold and other commodities types. Please explain where my reasoning may be wrong. Thanks this one could go on for awhile. I just knew you would say that Preston. In you know the phrase cash trash that you're referring to for people that are familiar with where that came from so this was ray value at Davos. He was sitting there talking to the squawk box crew. And he made the comment cash trash and it just happened to coincide with like market highs. And then you had the big cove in nineteen meltdown in everybody. Everybody in all of finance has been just beating ray value over the head with that quote and I think when Ray said it he was saying it so he has a linked in profile and he posts a lot of great articles on how he seeing the market. I'm seeing the market from a very similar. Heck I think you could say that. I'm copying a lot of the stuff that ray value is stating as far as how he seeing the currencies today and what he's really getting out as far as cash is trash is true monetary policy the dollar every Fiat currency around the world is being devalued in a major and massive way unprecedented way k the reason. You're not seeing that happen. The reason that you're not seeing nineteen twenties scenario at least not today. You haven't seen this scenario of the Fiat currency. Just debasing itself in an unprecedented as because the way that the money. That's being freshly printed is nesting itself into the economy. So if you would follow a new freshly printed and when I say printed I mean key stroked dollar bill. That's been added into the system and you could follow the path of where it ends up almost like. You're following water in a stream going downstream. Where does it end up? Well I think what you would find. Is that this freshly printed dollars as freshly printed euros. All these Fiat currencies that are being debased are nesting themselves into securities. There either ending up in the bond market or they're ending up in the stock market and then they dwell there and they don't move and so when ray says caches trash what he's referring to any very simple couple. Words statement is actually hundreds if not thousands of words deep in understanding and for anybody. That really really truly wants to understand. Ray Dallas thoughts on all of this. I would tell you pick up his book big debt crises and it goes into excruciating detail talking about all of these dynamics and so when you see that and a person who saying well how is cash trash when the stock market is keeps on going up while five own bond since nineteen eighty-one they keep going up how is cash trash in those environments. And if you're talking relatively speaking and you're talking about the timeframe of nineteen eighty one until now it's not on a relative basis. It's those other securities have gone up and they had been a way better position than cash. But I think ray is talking about and the drumbeat that he's beating if you're viewing it from a lens ten twenty years from now on. You're looking back at when he was saying this. And he was saying that. Fiat currencies that. We're going to have to have a new monetary system a new currency system in the coming years. It's GonNa look like total brilliance when it's viewed from that spot in the future back to now and so it's really really difficult for somebody to wrap their head around all these nuances. Especially when they're said in a shoot blurb that is really easy to say in in really easy to integrate but without the understanding of where it's coming from. I think it can be lost. A massive amount of confusion so stupid kind of curious to hear your thoughts. Yeah I think you bring up a good point with that into you with rebel. You come off like a bitter grumpy old man and I think the answer. You was like five or seven minutes. And the think the interviewers probably interrupted him ten times something like that and I just remember it was so frustrating listening to because I wanted to hear about this monetary system. What's about like what's going to happen. Why is cast trash? Sometimes in live there are so complicated topics including current systems. That just can't explain on. Cnbc for thirty five seconds. I would have loved to have that conversation just drag on but I like that question for a bunch of different reasons. I think you can look at it from different angles. One thing is the typical Warren Buffett way of looking at this piece saying if you bought the Dow in one thousand nine hundred at sixty six dollars now it would be trading at Twenty eight thousand five hundred thirty eight at the end of twenty nineteen so in that sense yes cast is truly trash and then there's the component of inflation so obviously you can't get the same four hundred dollars today as you could nineteen hundred so that's definitely one part of it. The other part of the is to understand that cast is fantastic in many ways because it is basically a call option on all asset classes. Because you have the flexibility to immediate go into different investment opportunities so in that way. It's a good thing you can also say it's a good thing to have as a hatch for instance for those of us who cast position going into this drawdown in the Magi. We don't experience the same drown simply cast more or less maintained the same value if you just discount that for inflation so you can look at it for different angles but generally if we look at this historically definite you can say Casas trash that opportunity costs for having cast lying around. We were talking about a minor allocation of your portfolio. Feel thing I want to say about this. As going back to this inflation and going back to value he has been talking during this interview where he had thirty five seconds and whatnot. Kiss one of those questions actually. So what should you invest in? And then he said you should buy gold and he had well at least twelve seconds to explain. Why wants to cold? Sorry I will stop passing that soon but goal has historically been a good hats especially for unexpected inflation. It's very important fusion. Stand the difference between expected and unexpected inflation if there's expected inflation it's already priced into the price of gold which is also while your soul whenever Nixon took the US effectively the world off the gold. Standard in seventy one. You saw that shoot spike. Almost right away so I think that's important to understand another authority in this that I would like to bring up is Democrats are friends rickards. Who interview he on the PODCAST Multiple Times just retinas book aftermath. You're a few weeks ago and he talks a lot about. What would you do whenever there is a crisis? Kim On this bookings from twenty thousand nineteen and he's talked about how to position yourself if you don't know if you see massive inflation or perhaps even deflation and the thing. A lot of people are sitting right now in thinking We have this massive Monte printing that should mean higher inflation even though the might not see those numbers in the official numbers and they're thinking about deflation that might be listening to the episode with Jeff Booth. You're a few weeks ago. And the might be thinking about the impact of technology all the deflationary precious that you see in society right now because of the massive unemployment and what Jim rickards set that he would recommend someone to do and just wanted to add that into the Max. Is that if you are in the world with high inflation you would want to buy real assets like real estate commodities hot currencies gold however if you WanNa work with deflation you would rather consider investing utility stocks safe fixed income and currency might actually also be interesting because just being in cash will improve your purchasing power. And he said if you really didn't know what to do you can diversify into both categories always maintain a positioning castle whenever you know which direction you're going inflation deflation. That's when we want to size up your bets so I just want to add that into the discussion. Stig brought up a good point about Ray's comment in the context of his comments. So when he said cash trash he's also out there beating the drum on owning gold. And if you look at how caches performed relative to gold since that interview gold has drastically outperformed in it's also outperformed the S. and P. Five hundred or any other stock index. You want to bring maybe not the Nasdaq. I don't know if it's outperformed the Nasdaq. But it's close so that was where ray is coming from with the comment. Something else that I just want to briefly talk about is how currencies fail. What does that look like? A currency fails and for people who have never experienced this myself included. I've never experienced a currency failure in any kind of market. I know that they've happened since I've been alive in other countries but I've never gone through it. I don't know exactly what that's GonNa feel like look like but I've read enough books to hopefully understand the nuances of that and I've been beating the drum on social media for people to study this thing called the effect we can have a link to that idea in the show notes bit read up on how the control in effect works and it goes back to what I was describing earlier were freshly printed. Money Ness itself into securities into financial assets because of how that money's being inserted into the system through quantitative easing today. All of those things are important for a person to know and understand that when a currency ultimately fails to the person who's experiencing it it feels like it happens all at once. There's all these events leading up to it that just don't feel right. That don't seem right. Like for instance unemployment being fifteen percent but yet the stock markets China make new all-time highs those two being together make any sense whatsoever. Those are kind of accused that there's cracks in the dam. And that's how I would probably describe a currency failure. Is You have a damn. That's built for a certain water. Level and the water level is going higher and higher and higher to that it's exceeding the capacity of the dam to hold it. And you're starting to see these cracks in the dam but then when the dam breaks it happens all at once and it happens abruptly and that's where. I think people that are looking at the government bonds right now. Then they're saying well you know there's not a lot of volatility in the yield. They're pretty calm there at fifty basis points and they're not jumping all over the place but if people could see why that's happening it's because there's massive selling and then there's massive government buying on the other side of that providing more and more liquidity into the system so the way I would describe that as you're getting bigger cracks in the dam. The damage is covered with cracks. All over it and yet you have people still living in the town down below dancing all around thinking that things are perfectly fine when in fact you're about to have a catastrophic meltdown of that system. I personally believe. That's what ray values saying with his quote caches trash. He suggesting that we are upon a time where there is going to be a new currency a new system. That is built. And you don't know if it's going to happen tomorrow. You don't know if it's going to happen a year from now two years from now because it's so hard to know when the strength of that dam is gonNA break but based on how the government is responding to this. They're not taking water out of that water level. They're raising the water level. They're chipping away at the damn. They're actually making it more unstable through their interactions and the manipulation that they're doing and so I think it's just making that situation all the more inevitable and so I know this was a super super long response to a really simple statement. But there's a lot behind that a lot behind that okay. So Morris loved the question. We're going to give you a free annual subscription to TI P finance. This is the tool that stigma I developed helps people find undervalued picks in the market. It also helps. People manage some of that risk of buying undervalued companies with our momentum tool. That's really super simple to use. It either has green status. That has a red status to indicate long-term momentum trends. And we're really excited to give that to you for free. So thank you for asking such a great question and for anybody else out there and check out our T. I p. Finance told us go straight onto our website and click on finance in the navigation bar and you can check it out there also if you WANNA ask a question and get a plate on the show good ask the investors dot COM. And if you get your question played on the show you get free subscription the. The finance awry guys. That was all the press on for. This week's episode of the PODCAST. We see each other again next week. Thank you for listening to T. Ip to access our show notes causes or forums go to the investors put Cox Dot Com. This show is for entertainment purposes only before making any decisions a professional. This show is copyrighted by the investors. Podcast network missions must be granted before syndication over forecasting.

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TIP289: Intrinsic Value Assessment of Berkshire Hathaway by Jake Taylor (Business Podcast)

We Study Billionaires - The Investors Podcast

51:57 min | 8 months ago

TIP289: Intrinsic Value Assessment of Berkshire Hathaway by Jake Taylor (Business Podcast)

"You're listening to Ti on today's show. We have Jake Taylor from Farnam street investments to talk to us about the intrinsic value for Berkshire Hathaway although this conversation was recorded prior to the aggressive market selloff today at the end of March Berkshire hathaway currently has one of the top twenty enterprise values relative to its earnings power for the entire. Us Equity Market during the show. Jake talks about buffets recently released shareholder letters in. He also gets into all the reasons why Berkshire is currently trading at an attractive price relative to all their stocks on the market so without further delay. Here's our conversation with Jake Taylor. Listening to the investors podcast. We studied the financial markets and read the books that influenced self made billionaires the most. We keep you informed and prepared for the unexpected guys. Welcome to the PODCAST. I'm your host brought us. Ns always accompanied by my co host Preston Pysche. We are here today with Jake Taylor. Ceo of Farnam Street investments. Jake thank you so much for joining us here today. Thanks for having me on the show guys so jake on today's show you'll be pitching. Berkshire hathaway and you will provide you a summation of the intrinsic value of the company. But before you pitch. That's your more. Bot your investment framework. Could you please elaborate on your stock selection process and how has or hasn't been influenced by Warren Buffett and Talamante her. My investment process is kind of difficult to explain because it tends to be just looking for things that makes sense to me and that there's no real morningstar style box that you can check. That says you know buying things that make sense to me so I ended up being very opportunistic and going into a lot of different places whether it's just buying outright cheap assets when they're available like a net net all the way up to hang up a little bit more for a good company that has good cap allocation and along runway to redeploy capital at essentially high return. So obviously buffet early on was very quantitative based investor and off only very cheap things and for most of my career. I've been more that way and it's only until recently that I felt a little bit more comfortable paying up for a good culture. And what am I thinking is evolved in that is one. I think you have to read a lot and been in the game for quite a while to have the trust in yourself that you can recognize those kinds of opportunities. The other problem is that it's very difficult to get to that point in this particular market for me because it seems like that's kind of whatever one is realizing recently compounders have become very popular and for good reason it makes business and investing sense is just the price is. I feel like maybe have gotten the little out in front of what might project into good returns for a lot of these businesses so while I recognize it I've been pretty slowed actually implemented because the price I felt like hasn't quite been there yet. Another interesting thing I've been thinking about lately on that Front. Is Everyone's looking for companies that have really high returns on invested capital and? I've been wondering if perhaps that you might be better off looking for ones. That are more moderate. Maybe like the ten to fifteen percent range. My thinking of that is that few have extraordinarily high returns on capital that is a signal that other entrepreneurs may WanNa come and compete those away from you and or at least share in some of that high return maybe at the ten percent range your side of flying under the radar and you're able to compound for a really long time at ten percent as opposed to a short period of time. Let's say fifty percent and the better bet is to take the longer duration ten percent one most likely so it's Kinda like I've heard Peter. Thiel talk about how companies who are actually monopolies. They don't advertise it. They're trying to hide it. Google will talk about how they're only a certain percentage of the entire advertising industry. They won't frame it as online advertising or search even worse right so in the same vein maybe the editor bet is to look for more mid range kind of Roi. See and see what you can find there. As opposed to like the highest flyer ones so jake on February twenty-second buffet sent out his annual shareholder letter. And I'm just curious what your key takeaways. Where from the letters this year? I thought it was interesting that he removed the Book Value Column. For the first time. Which kind of tells you how much value maybe as a metric for Berkshire has decayed in buffets mine. He's been talking about it for a while but he finally stopped reporting on that. I mean you just look at that. Market value though from nineteen sixty five to twenty nineteen at twenty point three percent return versus the SMP's ten percent and it's like it's such an amazing testament to doing something right for a really long time and the just the obscene compounding that can take place. It's just truly incredible to actually see it. Spelled out look at the float number nineteen seventy thirty nine million dollars today. Hundred Twenty nine billion dollars absolutely unreal. How Big Berkshire has got? And then my last one was interesting to see him. Say That g chain and Greg able will be more involved in the meeting this year which I think gives some hints about succession. Planning and I thought it was actually a little bit odd that todd and Ted wouldn't be included as much. He didn't mention them. At least so those were my takeaways from this year's letter but in general I would have probably given it an average rating other ones. I've liked more but anytime you can hear what's on buffets mind is worth taking a few minutes to Rita for someone like you have been reading all his letters. It is interesting to see how especially the last safe ten letters. I think he's giving away less and less. I guess that's how I look at it. They're still good lessons to learn but it seems like he's a different mode. It seems like he's a bit more in legacy mode than he is in the. Let me educate you about business mode. But it's definitely worth a read and we'll make sure she'll linked to that later in the show notes but jake. Could you talk to us about Berkshire Hathaway and no? We're going to talk about the evaluation the end. So we'll get to that but talk to us about berkshire-hathaway how would you outline the for someone who is not too familiar with the company in my mind? It's a supercharged S. and P. Five hundred it's very. Us centric Bat. They insurance operations are way above average the industry and then you have somewhat doing cap allocation. That's the greatest of all time. And typically you're buying it for less than the markets typical price due to some kind of a conglomerate discount so in my mind. It's not a bad plug in or an S. and P. five hundred exposure. If you wanted that instead could you talk to us about the five major segments of the business? Sure Yeah I mean you have the insurance operations which are big you have a railroad inside of their Burlington northern you have Berkshire hathaway energy. Which is we used to be mid American and now is growing quite a bit. They put a lot of money to work in both energy and railroads and earned that interesting ten percent regulatory return. Likely we're talking about return on capital and then you have a marketable securities portfolio of a lot of blue chip companies. That are baked inside of there. Then you have what's called the MSN. Which is the manufacturing service and retail and those are a bunch of grab bag of different businesses. Some bigger some smaller all the way down from precision cast parts which is making high tech aircraft manufacturing all the way down to shakes and Burgers at dairy queen. And everything in between so you have the whole swath of the US economy. So let's specifically talk about the Insurance Division. So the property casualty insurance business has really been the engine. Propelling Brooks Halloway growth since nineteen sixty seven year that the both the national indemnity and the the sister company National Fire and marine now today berkshire-hathaway hold six point four percent macchia and they're only trailing state farm is the biggest underwriter in the country. The Florida's you mentioned before stands one hundred twenty nine billion dollars. How do you see Burke Chef perform when it comes to macchia and profitability in the next day Kate specifically for the Insurance Division? I do recognize that. They are very disciplined in their underwriting. And the data point that I use to back that up as that. They've underwritten profitably in sixteen of the last seventeen years. That's a pretty good track record. If you know the insurance industry I found it very interesting that it seems like Geico's been the little slow to adopt telematics which things like snapshot that progressive has which is basically trying to figure out like. How much risk do you actually take while you're driving? Are you speeding or are you accelerating or slamming on your brakes all the time which is surprising to me given? Geico's history Of targeting originally government employees. That's the GE part of GE ICO so they were looking for operations that had lower risk profiles and one way of ascertaining that would be to keep track of how people actually drive and then base their insurance rates on this telematics idea but in the plus side of the category for them is that they've always had such a bulletproof balance sheet that they've been able to underwrite that no one else would really be able to take on. They've always operated at like one less deal than they could've been doing all along or one less big insurance underwriting thing and other companies even insurance industry I've seen their operating much closer to the full deals that they could do or even sometimes taking on leverage to do one more deal than they could've done and then they're always kind of digesting that deal so what it allows Berkshire to do is to use a lot of that float and invested into equities which earned quite a bit more than what most people were earning in their floats all the other insurance companies because they've stayed so far away from the edge of being bold deal maximize irs and full underwriting capabilities so they're conservative. Nature in a paradoxical way has allowed them to actually take more risk with their float. Better security portfolio. I've noticed the thing too about underwriting with prophet sixteen seventeen years and buffet has been very upfront by saying that he does not expect that to continue happening and you can put a lot of different things into not comment. Obviously wanted us that. Buffet always likes to play. Whatever he's saying. I mean giving the low interest red level. You would expect for this to continue at least for quite some time. The reason why I'm saying that as given the low interest rate you supposed to underwrite with the Prophet because the risk return you can get elsewhere. A lot of that goes into equity due to different regulations on all that can be put into equities. There was this matching principle so depending on the length of the claim You have to buy even long bonds which might seem a bit weird. These states interest rate. But that's just the way it is. It's not something we can do too much about. I'm sure buffet would if he could. But unfortunately that's not the case but the other thing that I found really interesting about how buffet has been addressing. The insurance business is also that concern shareholder Hussein with global warming with everything. That's been going on. What can we expect in terms of claims to Berkshire and he says you know most of these things by definition of renewed so like he can set new premiums and what he's saying is as much as it might seem bad one year. A lot of things happening from an insurance perspective. He's actually a good thing. Because the premiums would just go up and the mole uncertainty though are the better ensure because so many companies have to have insurance now Jig. Let's talk about the growing cast pile. It has been heavily debated for years among the shareholders off burks Halloway and today cast and chiltern investments are one hundred twenty eight billion dollars whenever I say. Today don't mean today much nine after the stock market has been tumbling for weeks. Now I mean that's the latest filing that have cast pile similar to what it was in Q. Three Twenty nineteen so as far as we know it's not growing but it stagnated at very high level. Well you know. I woke up this morning. And the market was down five percent plus and we had circuit breakers going so on days like today. You kind of have to love that cash pile right. I mean it's the optionality on it is growing with every tick down. I love the anti fragility of that cash pile when you combine that with Warren Buffett's cap allocation skills. He's proven that he can put up. Great numbers especially when the opportunities come along. I should say the only thing that I don't like about it is that it makes me a little bit sad that it's possible that he could be waiting for this one last chance to do some big deals that. Sorta cement his legacy. I've seen this before where grandparents are holding on to see that oldest kid graduate from college or something and then once it happens then they kind of let go a little bit and it'd be sad to think that longer that we can delay a crash and him putting money to work. Maybe the more time we get with him. I would be a little bit sad if he was able to bag that last elephant and now he's like I've done everything I need to do in this lifetime and I'm ready to move on but people typically do is look at decisive his portfolio and the thing here the year end it was around two hundred and forty odd billion dollars and then the look at the cast position and say wow he is a lot in cash that's not how buffet looks at it. He said actually just two weeks ago. I'm approximately twin percent cash right now and I'm that because I'm including the three hundred plus billion dollars in upbringing businesses plus we have multiple secure. It is and then we have cash if you do. The numbers is a different way of looking at it. He's looking had eight. Percent Equity is twenty percent cash. Who knows perhaps with everything that's been happening? He's not so much in passing anymore and the real ties into my next Christian. Warren Buffett kicked his stock buyback procam into high gear. Here lately spending two point two billion dollars on share purchase in the last three months of two thousand nineteen. And that's the most ever. He's done in a single quarter now. This is not significant. Pets the my cup of more than five hundred billion dollars and a lot of investors. See this estimate tunes. It's loading up on shares. It should also be noted here that the trading volume berkshire-hathaway is exceptionally low. So in that sense of buybacks yeahs. Buffet is restricted differently than other. Ceo's if he wants to repurchase a high numbers yes because he's so easily moves surprise he's been talking about how he look within the at the Osa who could buy back three four five percent without moving price but because of the volume of Berkshire hathaway she asked that is just Solo. He's been talking about or at least he's been hinting. He doesn't talk too much about it but he's been hinting of. Just one percent can actually move the needle in terms of influencing the price. But as much as we'll talk about later. What do you read into the stock buyback here? Siphon the obvious fact that buffet at times have found the shares modestly undervalued as. He puts his in his letter a lot of people. I talked to like to think that this buyback program puts a floor under the Stock. And he's talked before about in the one point two to one point three times book value ranges aware. Berkshire will kind of quote unquote defend the Stock Price. But not sure if I think that that's true or not. I think Mr Market can do a lot of crazy. Things in that can still apply to Berkshire. They'd spent five billion dollars over the last year to buy back one percent of the company. Roughly so that's in like two hundred dollars. A share for the B shares on the other side is selling. That's something that I always like to ask myself. And when it comes to Berkshire shares most of them are locked up in families who own the company. It's not the typical company that's owned by institutions or even like index funds. It's very under represented in indexes. Because of that so. I don't think that you may be get as much panic. Selling either there so maybe it's unlikely to go on crazy sale as much as other companies. I think I personally think that he would be better off looking for that next deal than buying out partners within. Berkshire itself and I don't think that there's a lot of willing sellers that will part with their shares at the prices. That are really mouth watering from a buyback perspective. It's just not the dynamics that I see in the company ownership structure. I think you bring up a good point because if you look at the ownership manual what he wants to do the least is to repurchase yash he wants to buy wonderful businesses and even before that he wants to build a widen the mortar round the assistant businesses. You wants to buy gas and other companies before he wants to buy out his own partners as he puts it is interesting especially at these prices ride now at the time of courting bricks hell awaits trading at one hundred ninety five and it would be interesting to see how much he loads up on his own. Yes in Q. Four if you look at the numbers the average spying price just for that quarter was two hundred fifteen so it might be well he would be buying back then but keep in mind that s the price of Berkshire hathaway's now trading much more appealing prices. So as more or less all the stocks on the planet you bring up a good point good. Cap Allocation is thinking of your shareholders as your business partners. And if you're buying back from them at breezy low prices you're benefiting one group of your shareholders at the expense of another and you're neglecting your duty as a captain of industry and as an allocated capital and a steward of capitalism by taking advantage of one party over another. I think you almost have a moral duty to try to keep your stock price. Trading close to the intrinsic value so that If some partner of Yours Aka shareholder needs liquidity for something. Perhaps they have to pay for a surgery. Or there's a charitable thing that there's really important to them that they need the liquidity. You should do what you can to help them. Get the liquidity that they need to run their lives. I think that there's a lot of good that can be done. The no one really talks about in capitalism by a CEO who keeps one shareholder group from taking advantage of the other too much. So that's really interesting. So buffet has mentioned in his letter to shareholders that ninety eight percent of his shareholders going into the year are the same shareholders. Going out at the end of the year and I think it's kind of an interesting metric because it shows you how strong his share by can be if he decided to use his significant cash position to conduct the buybacks. So something else I want to ask you about. Jake is your opinions on Warren. And Charlie's age There are many people that will argue that they're the true competitive advantage or at least significant portion of of the Companies Competitive Advantage. But as we all know Warren is going to be ninety. Charlie's ninety five ninety six years old. So what are your thoughts about the company with them eventually? Going TO BE REPLACED. Yeah I mean you really kind of have to get comfortable with answering. The question is Berkshire a man or is Berkshire a culture or is Berkshire and ethos or even maybe like an operating system for a business super high integrity decentralized to the point of abdication as Munger said capital Allocation Stock Selection Insurance underwriting king abandoned opportunities all these things are in the ethos of the company. I personally believe that there will generally be okay. It's hard to imagine that there isn't some impact so if I kind of go through each of the businesses like the insurance operations I think those don't change a ton thick. They've got plenty of brainpower with G to still manage that part I know. Buffet helps jeep but deal flow. I think absolutely has to be impacted. How many business founders sell their business for less than they could probably get somewhere else to sell to buffet specifically that I think is a very real advantage that he's built as a way of cashing in on his reputational capital that he's built over the last fifty years of doing business the right way. He deserves to pay less than market because he has done such a good job with his reputation. I also think the performance of any CEOS in the subsidiaries of all these different companies. It could go down. I mean when you are having to send a letter to Warren Buffett about your operations for that year and report to local Warren. Like how you did and you WANNA make him proud. He's not around. It could slip a little bit. I mean I think that's just sort of natural human nature. I think the portfolio management side of things will be just fine with Ted and todd. I think both those guys are really sharp but target imagine it. There isn't less remote host worn and Charlie just mostly probably because of the deal flow aspects. They have to get in line and pay. Whatever else is paying for acquisitions? You're just not going to get the same kind of deals and therefore the same kind of returns on the businesses that you're buying because you're probably GONNA have to pay a little bit higher price for everything so on net. It won't be as good but the ethos still makes it one of the better companies in the world as far as how clean they are and how they do business. Suject rule simply. What's the biggest threat to Berkshire Hathaway or opinion? I would probably say complacency and that can come in different ways. I think that this management team. That's been around since nineteen sixty five deserves the benefit of the doubt on all things they've earned it however is a shareholder you can get complacent about when things start slipping a little bit for instance picking the book value out of the report. It's a little bit of changing the goalposts somewhat. I mean the timing of when he's done it and there've been a few other changes. I won't go into them because they're they're down in the weeds for most investors. But if you want to read a deep dive on that I would suggest checking out semper. Augusta's letter I don't know if you've ever read that one. But Chris Bloom Strand I think is one of the best analysts on the planet and he does a call it. A fifty page write up of Berkshire every year. He's a true true expert at this company. But anyway I think he's highlighted some of the places where they will change a little bit of things in reporting or move parts of the business and it'll be a little bit less clear how that business did or what the returns on equity were for that segment of the business mostly in the name of trying to make the numbers easier for the average person to understand but for the very very deep dive analyst. It clouds some of what we used to be able to know about the company so those little things can slip here and there that the disclosures part of things because the management has earned such a reputation. You can get complacent about just assuming that they're always doing the right thing all the time and that can get you into a dangerous place. Let's take a quick break and hear from today sponsor brought to you by capital one. You know how it feels when you've saved enough for that long awaited home edition now. Imagine saving enough for an addition on that addition. That's the feeling with capital one. Where new savings account earns five times? The national average capital one is helping you earn more towards your savings goals. This is banking reimagined. What's in your Wallet Capital One? 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Bowes all right back to the show interesting speaking of those analysts and those people who are really into it. I have a very nerdy. Gigi questions for you here now. Jake how do you value the earnings retained by burks? Non Controlling investments in public companies game that only dividends are reflected in operating income. And perhaps you can just explain the framework behind. Why is that even a topic worth discussing sure? So if you imagine these companies that are owned by Berkshire inside of Berkshire but they're publicly traded companies and they're doing their own business they're generating their own cash flows and sometimes they're paying dividends to Berkshire and so last year there. Ten largest holdings in their securities portfolio delivered three point eight billion dollars in dividends. They got sent to Omaha. Checks that showed up in the Berkshire checking account while those companies had another eight point. Three billion dollars in retained earnings last year. So that's money that's created inside of the companies that they own but that Berkshire doesn't really have control over it. It's still within the company and when I say that eight point three billion dollars that's figured out by taking the percentage that Berkshire owns of the company and then applying that percentage to what the total amount was so just to make the math easier. Like let's say that. Let's say ten percent of Apple. An apple earned one hundred billion. Will inside of that you could imagine that Berkshire Kinda earn ten billion through their ownership of Apple. I think you can't assign a dollar for dollar valuation to those earnings is that it could very likely be that company. That is making the decisions on that dollar. Where does it go to could be making bad cap allocation decisions and even making that dollar worth zero like we've seen that before with companies that make stupid choices with the money that's generated? It does not accrue as shareholder value. It ends up disappearing so the first kind of metric that we have to look at is. What do they do with the money? And I think buffets obviously trying to choose companies that have the ability to invest in projects that will generate further returns on capital. And keep this engine running and even growing and so you start to see why he's such a big fan of buybacks is because that instead of that dollar inside of that portfolio company going off into maybe a project that is destroying value. Maybe it gets bought back now. And His share of the company now increases. Obviously the price paid matters for that as well. So if they're overpaying for their buybacks than they are destroying value for the remaining shareholders including Berkshire and then the other part that. I think you should think about there. Is that money stays within apple or wells Fargo or wherever it is that Berkshire owns berkshires. Not Having to pay taxes on it at the moment so there's already call it a fifteen to twenty percent. Maybe even twenty one savings by not sending that money to Berkshire to them control. So there's no easy answer there because it's very fluid on like what do they end up doing with the money that determines the future value of what that retained earning was worth but those are some of the parameters that I think about I look at the retained earnings inside of the portfolio companies. You know it's fascinating. This is a topic that Buffett has been talking about a lot lately. I think this is a great accounting discussion. And it's something that many young investors don't understand. I Know Stig and I have talked about look through earnings for the non operational subsidiaries numerous times on the show and it's really neat to see him bringing up more more and. I think it's important because there's a lot of value there. That's not immediately evident if you're simply looking at the income statement the consolidated income statement for Berkshire Hathaway Okay so with all of that said talk to us about your intrinsic value for Berkshire hathaway today. Well I think their different ways of doing it. I tend to be more on the simplistic side of my investment stuff. Like if I can't write it on the back of an envelope or on a short piece of paper and a few sentences then it's probably too complicated for me to take a swing at so for Berkshire. The first passed a look at it. And this will sound a little bit Glib because the answer is going to be kind of silly but if you imagine Berkshire as a bond that yielded ten percent and I think that's a reasonable actual approximation because their return on equity has been ten percent for quite a while and it's likely to be around ten percent for a long time just based on the projects that they're putting money into thinking specifically regulatory yield of NSF and be h energy. So if you imagine a bond that yielded ten percent and you could reinvest the coupons in the business at a continuing ten percent. What would you pay for that bond? Today how much would the market pay for bond? That yielded ten percent in my mind. Safer than Treasury's Today's rates right now. I mean it's like approaching it goes towards infinity right. I mean that's why I said this is sort of like the Glib answer. It's a ridiculously high number. Which I think is more a reflection of today's rates being in my mind kind of ridiculous and not so much a reflection of Berkshire so let's go to a more real answer than some of the parts is away a very popular way of analyzing Berkshire which is basically. Just take all the different little business lines. Add them up and come up with some kind of a number so my back of the envelope. Math for some of the parts is yeah. Let's call energy worth about fifty billion the railroad worth about one hundred billion the. Ms Are the manufacturing service retail is calling one hundred fifty billion insurance call at a thirty billion and then an investment or folio. Three hundred seventy billion ish. You add all those up and you totals up to about seven hundred billion which implies about two hundred eighty dollars per share for the B shares. Quite a bit north of where we are right now so another way of looking at it the business would be. Let's just do a simple? What has Berkshire typically traded around as far as price to book goes into the answer. There is roughly. Let's call it one point. Seven five times price-to-book-value. Today's book value. Let's call it. Four hundred twenty five billion that gets us to a seven hundred and forty billion dollar range of potential valuation. Okay that's in the Ballpark of r sum of the parts. That makes sense. All of these things are all just triangulation. Data points like anyone is not better than the other but if there are all kinds of telling you the same story then maybe you're onto something that's how I think about this. And then maybe the last one would be called like a two pronged approach. And that's basically like add up all of the investments and then try to put some multiple on the actual earning businesses and then add those together. And what does that number tell you in my rough calculations? Let's call it. Two hundred sixty billion for Equity Securities and other one hundred thirty billion for cash. That gives us a three hundred. Ninety billion dollar for Prong One and impromptu will take twenty four billion dollars of operating earnings and multiply that by ten that gives us two hundred forty billion. Add those two numbers together and you end up with six hundred thirty billion as another mark so all of them. In the seven hundred ish billion dollar valuation range so just to recap that. You're saying that the price of the BCS that's right now trading around one hundred ninety five we'll looking at around two hundred and eighty plus minus very interesting. Thank you for breaking that down for us. It is interesting what you would mention there about the potential discount because it is a conglomerate. I guess you would even have. People say that is actually the competitive advantage offer that is a conglomerate to the money would go where it's best used. I guess there's also a discount to Berkshire hathaway because it has not been performing as well. He'll the pastor. Yes it's actually been trading this p five hundred. I think that's probably also one of the reasons why whenever I talk about being good price and all that and I think most listeners were already know I am long. Berkshire Hathaway Cynthia take it for what it is whenever I'm complimenting Jag about why that's a great investment I am obviously biased and it kind of leads me into the next question which is something that which is about position sizing but it's just always such a interesting topic to discuss especially for company like Berkshire Hathaway many investors have different rules from cells when it comes to assisting sizing for example invest might have ruled that he or she won't bill position in a single stock would more than ten percent of their portfolio now. Warren Buffett is previously in his letters to shareholders commented on how many investors holding to how the way as their biggest position in the portfolio most notable himself with more than ninety nine percent of his net worth estimated that more than ninety percent of the shareholders has books. Halloway ask by far the biggest position. Please elaborate on how you see position sizing and if Berkshire Hathaway is an exception to the rules that we may have imposed ourselves giving that is such a diversified company already and may have the downside protection that you mentioned before it very much comes down to your own personal preferences at risk tolerance of how much exposure you're willing to take on any one facet of business or economy or anyone person so the first thing you have to ask yourself is about the opportunity cost. Do you have anything else that might do better than a relatively safe. Call at ten percent or Anam type of return profile if you do then Burke Shire may be sort of an anchor in your portfolio and maybe you don't want too much of it. I don't think that Berkshire is terrible. As a bond proxy maybe especially for someone who's a little bit younger relative to the prices of bonds today? So how much are you willing to do you want as a bond allocation for? Shire may fit the bill of that a little bit like we just talked about you know if it was a ten percent on a lot of portfolio managers who I've talked to and respect. They often will use Berkshire as a cache proxy so if they don't have anything else to invest in rather than whole cash they'll just stick it in Berkshire. I don't think that's a terrible strategy. However the whole point of cash that it doesn't move around at all and Berkshire definitely moves around. I mean in one thousand nine hundred eighty eight or was trading at three times price to book value. Right and typically. It's been one point seven but we've seen a below book value also so to think that it's just this like solid anchor that never moves around provides the liquidity that you want when you need it and I'm not so sure about that. The last thing I would say is that because it is so. Us centric it could form a bit of a home country bias. That is common for a lot of shareholders. People tend to own more whatever country that they live in because they feel like they know it better and if so if you are a US investor and you already own a lot of other US based securities and things that are tied to the US economy then being long Berkshire is just more of that same thing and so you may not have as much diversification geographically speaking when you may end up suffering even stronger to a home country bias but all in all I mean. It's pretty hard to imagine that. Berkshire in Penn. Twenty years is not worth more than five hundred billion dollars so if you have the stomach for long term. You could sleep comfortably at night. Earning probably a ten percent. Roughly return on equity over a long period of time and there are definitely scarier and harder ways of making money. I think you bring up a really interesting point and a good point so jake thank you for your thoughts about burkes. Halloway is always a pleasure to hear how people think about that business that we've been following since the very first episodes here and the masters podcast now. Speaking of that I wanted to end the interview on the slightly more abstract note. Because not only are you a great investor self you also one of the thought leaders in the value investing community or like to relate this to whenever I first started become interested in value investing. I think my motivation was like any other. I wanted to replicate if possible. Howard Buffett pick stocks and that was why but interest in the first place then after starting value investing for years and reading and rereading buffets wisdom. I slowly realize that it really wasn't just about the money. It's really the community around Brooks to how the way and Warren Buffett. It's not so much about business but Justice Matz about investing in a life. Well lived so in your amazing learn that you send out to your clients you talk about. How much of the human actions we've seen the world can be explained by deeply embedded scripts designed to source into hurricanes and. I know that we are going to bit APP. Start here just from talking specific numbers about Brexit Halloway. But I think it's a really good way of rounding off the into you to talk about value investing very specific and then to look at more the grand scheme of things. Could you please elaborate on that specific quote? And how you see this. Yeah no I think you're right to highlight that these guys are heroes for a lot of us but I think the amazing thing is that they're such good teachers and we benefited from them. Being willing to share all that they've learned it would have been very easy for them to just hide out. Never talk about any of this kind of stuff and share with us and just make all the money that they ever wanted to make in the world And but we'd all be much poor spiritually than than otherwise. I tried to reflect back that same thoughtfulness when I can and that same spirit of sharing and being kind others and back that these heroes have been so intellectually generous whether I'm successful or not could be debated but you mentioned one of the client letters that I wrote and in that letter I looked at what lobsters and Warren. Buffet have in common and then actually Buddhism as well so those three very weird things. And here's the punchline of that letter lobsters will fight each other for space and mates and territory and when they're able to win in a fight and get that space they have a bump in serotonin inside of the lobster so this chemical that makes them feel good. When they win and the lobster who loses has a decrease in Serotonin and ends up often retreating and then dying not that long after and so- nature has created this system where we have these chemicals that make us feel good. When we're at the top of the hierarchy. And we have that exact same serotonin molecule floating around in our brains when we sort ourselves into hierarchies that the lobsters do and lobsters are really old. They're older than dinosaurs. So like this serotonin mechanism has been with us and Ben with biology for a very long time and we're just as subject to it as other creatures are so. What does that have to do with Warren Buffett? Well I think one of the key insights about Warren Buffett is that he's always been willing to follow his own inner scorecard and not be holding to certain hierarchy sorting and trying to show off and be more than he is like he is very true to himself and including thinking for himself when it comes to investing and his personal life to at that are very colorful. I think what the takeaway for all of us is to try to recognize when we are in a hierarchical situation and can feel ourselves being drawn towards sorting and instead trying to opt out of that. I think Buddhism has some interesting principles. In it that are really about opting out of that. Serotonin Matrix that a lot of us live so. I all those things together for your investment portfolio that thinking for yourself knowing Mr Market are taking advantage of Mr Market. When you can all these things all tie back together and hopefully they also lead to a life. Well lived on your own terms that at the end of the day. You've minimized your regret. And you feel like you did things your way. Let's take a quick break and hear from today. Sponsor transfer wise is the smartest way to send and receive money internationally the MS podcast network has used transfer wise since two thousand sixteen. We can station of fifteen people and counting where most of US international transfers spin the service that we solely relied upon. If you ever had to move money across borders you know how expensive it can be. And how difficult is we changed? How we do payments internationally for exactly those reasons transfers is cheap and Matz issue that anything we found transfer is over six million customers who save nearly four million dollars every day back rates and hidden bank fees or even better is that you can even get your own bank details for the US UK euro-zone an Australia. Meaning you receive money from those countries for free. It's great for freelancers and anyone who works internationally. Try them out today. Get your first transfer free by visiting transfer vice dot com slash T I P that's transfer wise dot com slash CI. Ip fundraise is revolutionizing the investment world fundraise enables you to have a portfolio of high quality high potential private market real estate projects that are carefully vetted actively managed by team of real estate pros. All these without having to break the bank fundraisers rises cutting edge. Low cost model eliminates. The bloated costs and middle men have traditionally weighed down real estate investing saving investors. Time and money when you add fundraise real estate into your investing strategy you get to have a deeper sort of diversification beyond public stocks bonds and even other kinds of real estate like publicly traded. Reit's and one of the secrets that many of the country's wealthiest investors understand. Is that when you diversify your portfolio's not just resilient it's actually position to earn more overall no matter what kind of investor you are? Fundraise makes it simple to build a more perfect portfolio visit fund rise DOT COM SLASH BILLIONAIRE? That's F. U. N. D. R. I S. E. DOT COM slash billionaire to have your first three months of fees. Waived all right back to the show so jake. This is a great segue into your book. The rubble alligator In fact we have another show on our network that's hosted by Sean Murray. And it's called the good life and he interviews you about all the different aspects of your of your book and we'll have a link to that in the show notes if people want to check that out and I would encourage you to check that out. talk to us a little bit about the book and also talked to us about this idea of sorting and how it's demonstrated in the book. A lot of the impetus of the book came from having studied a lot of different managers in the decisions that they make around cap allocation and seeing a lot of what to me seemed like unforced errors by people who were plenty smart to make the right decision under the math is hard but the emotional quotient part of the equation and really following your own inner scorecard and doing what you think is right was ignored. And that's how the errors ended up coming together. People wanting to show off about some big merger and acquisition that was destructive for most of the shareholders. But they got to feel like they were the big man on campus because of it that is a hierarchical sorting kind of thing bragging. About how much revenue have but not being profitable. We see that a lot so I wanted to write a book that hopefully would give those managers and then also through other proxies investors who recognize managers. Who are doing that a little bit of a playbook on how to think for themselves to have the confidence to do it and so crazy enough. I ended up deciding to it in a fictional story. Format that only baked the lessons in and we're able to resonate with the reader a little bit more than just a dry nonfiction explanation of all of these cap allocation principles. So if you look at what the book really is. It's the karate kid if Mr Miyagi was like a Warren Buffett character. So that's the kind of spoiler for the story press definitely huge fans of your book and another person who is a big. Fan of your book. That is Charlie monger. So if you listen to the episode that Sean Murray did with you jake to actually have a chance to hear what you and China among talked about for twenty minutes after he called you more or less out of the blue to talk about the book. We'll definite short linked to that in the show notes. This has been absolutely amazing. Jake can the Audience l'amour about you you book and Following Street investments yet I write quarterly letters for my clients and but they're publicly available and those are at Farnam street dot com. It's pretty easy to sign up there. I go on twitter probably more than I should. It is a very fun place to be a lot of times in the financial space. So my handle there is at Farnam. Jake one pretty easy to find. I do a podcast with a couple of friends who you are. Well familiar with Tobias Carlisle and Bill Brewster this value after hours. It's like if three buddies got together after work. Long Day at the office buying companies and then kind of. We're talking about the inside part of baseball for investing. That's what the the show is approximating. It's a lot of fun to do. We do it once a week but yeah otherwise if you know anyone wants to reach out to me. My email is five good questions at g mail all spelled out. Fiv. So I'm not too hard to find. And as far as the rebel allocated goes it's available on Amazon in print digital and audio. So you can check it out there. That sounds amazing and again we'll Michio to link to all of that in the show notes. Jake thank you so much for taking the time to speak with Preston me here today. Thanks for having me guys all right guys so this show. We play Chris from the audience. And this question's very timely. It's from Nathan and Christian is about berkshire-hathaway high presidents take. My question is about Berkshire Hathaway in stock. It owns in his portfolio. Berkshire already owns a specific stock in its portfolio. How do you think about considering a by more than individually taking into account the fact that you already have some exposure to the stock through charts for Photo Nathan thing? That's a great question. I don't think that there are any issues. But you getting a bit more exposure to any of the stocks in buffets portfolio. Because when you do the math you have very little exposure to almost all stocks in his portfolio. Keep in mind. The Buffett's stock portfolio is less than half of the value of books. How the win the first place? They have a lot of operating companies to none even apple. You have two months exposure to now is the biggest position in Berkshire hathaway portfolio which is more than ten percent of the market cap off Berkshire hathaway in the first place and is almost a third of the entire public trade portfolio. But even so consider if you have ten percent Berkshire and then ten percent of that are made up of apple she s you still only have one percent exposure in your portfolio to apple. Now Bill is a little more. It might be closer to one point. Five one point seven in this example if you have ten percent in Berkshire hathaway but any case. It is very little. So even for buffets portfolio that is very top heavy and just an example if you look away from the top ten holdings the eleventh biggest holding is just a bit more than one percent above its entire public trade portfolio. So it's really not significant. It's really my way of saying that you shouldn't think of Buffett's stock picks at all whenever you consider your own portfolio unless you only hold berkshire-hathaway in your portfolio or very close to only hold on that one stock but where do think that. You should pay attention. Is THAT BUFFET. Like all the money. Managers with more than one hundred million dollars on the mennesman has to disclose with surprise the buy stocks. And that may give you good indication of with stocks that are currently undervalued. You can find those prices and those picks at guerrillas for free and we even have a resource Academy where can check out of its picks together with all the super invest us like spear Mona's pop rai and take a closer look at their portfolio. We'll make sure to linked both of those resources in the show notes and then four times a year. The stock picks become available. It's February fifteen may fifteen August fifteen and November fifteen. That doesn't mean that I'll do the same thing as they do but I do. Use Office picks and other supermassive specs ask inspiration and perhaps put a few on them on mental. What's List for further investigation? So Nathan great question. But I really can't add much value beyond Stig's response because I pretty much agree with exactly what he said. So with that Nathan for asking such a great question we're going to give you free access to our intrinsic value course for anyone wanting the checkout the course go to t I P intrinsic value dot com that's T- IP INTRINSIC VALUE DOT com. The course also comes with access to our T. I. P. Finance tool which helps you find and filter. Undervalued stock picks if anyone else wants to get a question played on the show go to ask the investors DOT com. And you can record your question there. If it gets played on the show you get a bunch of free invaluable stuff. All right guys knows all the press down. I had for this week's episode of the PODCAST. We see till again next week. Thank you for listening to ti to access our show notes causes or forums go to the investors. Podcast don't come. This show is for entertainment purposes only before making any decisions. Consult a professional. This show is copyrighted by the investors. Podcast NETWORK. Written permission must be granted before syndication forecasting.

Berkshire Berkshire Hathaway Warren Buffett Jake Taylor Berkshire Buffet Berkshire Us Ceo Big Berkshire Charlie monger Apple Preston Pysche Brooks Halloway Google Mr Market Chris Bloom apple Berkshire
TIP298: Part II - Warren Buffett & the 2020 Berkshire Hathaway Shareholders Meeting (Business Podcast)

We Study Billionaires - The Investors Podcast

51:56 min | 6 months ago

TIP298: Part II - Warren Buffett & the 2020 Berkshire Hathaway Shareholders Meeting (Business Podcast)

"You're listening to t I P. Hey everyone welcome back to our second part discussion of the Berkshire Hathaway shareholders meeting. Like last week stigma. I have collected the best questions and answers from Warren Buffett's annual meeting and we add some commentary to help the audience learn the tips and tricks for financial valuation so without further delay. Here's our second part episode of the meeting listening to the investors podcast well. We studied the financial markets and read the books that influenced self made billionaires the most. We keep you informed and prepared for the unexpected. Hey everyone welcome to the investors podcast. I'm your host Preston Fish and is always accompanied by my co host. Stig Bryson and here. We are part to Berkshire. Hathaway always excited to go through these. You ready to do this thing I am so. Let's go ahead and play the first question. Here we go. I got a number of variations on this next question. Some more polite than others. This one's right down. The middle is like many. I'm proud Berkshire hathaway shareholder however and comparing the performance of Berkshire with the S. and P. Five hundred of the last five ten or fifteen years. I've been disappointed in Berkshires underperformance. Even year today Berkshires trailing the S&P five hundred by eight percent to. What would you attribute berkshires under while? I can't imagine ever selling my Berkshire stock at some point. Money is money. The truth is I recommend the five hundred. Two people and I happen to believe Berkshire Abbado sowed any single investment can be in terms of earning reasonable returns over time. But I I would not want bet my life on whether we think the S. and P. Five hundred over the next ten years. I think there's a reasonable chance of doing it. And we've had periods. I don't know how many out of the five years we've been doing a comedy. We've beaten or not. I mentioned earlier. That nineteen fifty. Four was my best year but but I was working with absolutely with peanuts. Unfortunately and I think if you work with small sums money I think there is some chances some chance of a few of people really do bring something to the game but I think it's very very hard. It certainly gotten tougher with for us with larger funds and I would make no promised anybody that we will do. Better than the S. and P. Five hundred but I I will promising is that I've got ninety nine percent of my money in Berkshire and most members of my family are and not be quite that extreme. But they're close to it and I do care about what happens to over the long period about as much as anybody could care about carrying doesn't guarantee results it does guarantee attention done greg. I I would agree one that there's never guarantees but when I I look at the assets we have in place and the teams that are in place. I you're committed to Berkshire but we have dedicated teams that Equally are dedicated to Berkshire in their sure. GonNa give it their their best effort every day when I look at the assets and the people I think we have a as you said You can't guarantee a but we have a great chance of of of giving a good effort del performance. It's hard to imagine getting a terrible result but anything can happen and what I do now is it would be easier to be running five million than our book net worth at. Berkshire at the quarter. And I think was three hundred and seventy some billion which is down but it's still greater than the network of any corporation in the United States by been maybe there's some federal corporation that has more but in terms of it. May it may be the greatest in the world. I'm not sure that makes life difficult in some ways to right and the potential of our operating businesses are substantial. When you think we've talked about energy you touched on it that that infrastructure is continuing to change. There's it were ready for one hundred billion dollars of investment opportunities there if we just look at the business over the next ten years in the infrastructure that's required and how it's changing substantial substantial investments. So that just tell me. We have very good prospects. It's it's And we're well positioned to to pursue them Which again to me. When you look at our core businesses you touched on Burlington. The insurance and energy are downside is very nicely protected. We have three really core great. Yeah and we're better position than anybody in the energy business shut down just because we don't have requirements we retain twenty eight billion of earnings over twenty years that you can't do it if you run a normal public company and we've got huge appetite and the country needs the world needs it and we are a very very logical well-structured well managed. I would say because it doesn't involve me company. They'll participate in just huge requirements around the world now a slow and they involve governments and state governments. And it's not anything that happens. Dramatically it will happen and Berkshire should participate in a huge way. We can do things in insurance. Nobody else can do. That doesn't mean much many times but occasionally it may be important So so there are some advantages the size and strength but there are disadvantaged decides to if we find some great opportunity that for a billion dollars to double Armani that's a billion pre-tax and this seven hundred ninety million after tax and on a market value of four hundred and fifty billion or whatever it may be at the doesn't amount to much. Unfortunately we'll still try and do it if we can so for me. This conversation is really a great question first of all but when I go and I look at the chart and I love using trading view and stig. I'm sharing my screen with you. So you can see what the chart that I kind created while I was listening to the audio clip and with Trading View. You can go in and you can look at a company but you can also denominate the company in whatever currency you want or basically whatever ratio you want to compare it to. So what I did is I went to trading view I typed in Berkshire hathaway which is be arcade bought a and then you put a division symbol there and then you put what you want comparative. So I put the S. and P. Five hundred. And when you do that you see this really really interesting chart where you can see Berkshire hathaway and I put it in a weekly view so I can look out twenty years on the chart and you can see that before quantitative easing started. And Stig you can see. I put quantitative easing there with the Blue Line. You can see. Berkshire is just crushing the S. and P. Five hundred and then from one of easing till now it's completely just gone sideways. It hasn't beat. It hasn't really done that much worse. I guess you could say from the top or from the bottom of the two thousand eight period that it has bit in general looking at the chart. It's really flatten. I'M GONNA take a screen capture of the chart. We're looking at right now as we're talking about this and we're going to put it into our show notes that people can look at this chart that we're talking about. I wonder if some of these macro factors the central banking factors are actually making their ability to compound that much harder and they don't even realize it or it's just such a nuance thing that maybe nobody can understand why that's playing out. But I just I find the chart fascinating I find it really interesting. That from that point four. They've had a difficulty to outperform and stick. I'm kind of curious to hear your thoughts. The way that I was thinking about. This was not so much in terms of quantitative easing then yet again we previously talked about how value is really being cross during the corona crisis which is also a part of the question like how performance this year and we just seen like the Fang stocks performing really really well compared to more traditional companies like Berkshire hathaway and those also what buffy was getting and before when he talked about you know having the highest value and clearly book value is not the same as the actual value in. Buffet has talked a lot about that but a company like Berkshire hathaway. It's just very heavy in those companies railroad for instance like together with insurance like two biggest companies within Berkshire hathaway so they haven't been performing as well and you can compare it to a company like Apple in all fairness Warren. Buffet actually took seventy billion dollar stake into apple but generally looking at Halloway. That's not the type of company so just from that alone and also knowing that the N. p. five hundred is so much driven by Fang stocks and have been for a long time around the same time as qe with this to some extent coincidental. I think that also plays a huge factor. We just seen that really play out but I actually really liked this question because I think a lot of investors are thinking they have the SNP five hundred as the benchmark and they want to know whether or not the S P five hundred up on that. So that's talk about devaluation whenever I look at the validation of two let's just I take the before four hundred well right now. It's trading a CPA of twenty six. So we talked about the SHILPA quite a few times here on the but it's the average inflation adjusted earnings from the previous ten years. And then the cost of the crisis that we're seeing right now. We can definitely make the argument that the companies in the index general will have a hard time sustained earnings at least in the very near future. So I would even say that Sheila of twenty six is sort of low compared to what it really is and then whenever you factor in that fifteen percent unemployment and then the stock market almost being expensive as before to me the S P. Five hundred actually still looks very very expensive especially if you think about the underlying assets so instead. Let's look at Berkshire Hathaway. I know. I'm talking about position. S You know out there. Berkshire-hathaway is my biggest equity position. So take it for what it is but if you look at Berkshire hathaway's cash and equity positions it's roughly three hundred billion dollars and the mob cap is roughly four hundred billion dollars so you basically getting burke says businesses for one hundred billion dollars so how will has the businesses performed. Well it's round twenty four billion dollars over the past few years and clearly won't be the same say the next twelve months but those eighty companies like they're very very strong companies and buying them for hundred billion dollars all the in companies of how the way I think. That's the steel so again. Depending on your assumptions I would say that. For Halloween's probably worth anywhere between two hundred and ten to fifty dollars even with whenever you factor in the crisis and here. I would really like to also give a hand off to the interview. Diptych Taylor the O Orphan Street investments in two hundred and eighty nine shorts linked to that in the show notes and he also gives his take on valuation. If anyone is then asking so stay assuming that we are then Berkshire hathaway a think. They of the recording. It's trading around hundred and seventy two. So let's say you're doing a twenty or thirty percent discount. Does that mean that. I want to jump into books. How THE WAY COPS? I'll add to it. Perhaps not but I think most important thing is to go away from the premise of the question because the premise of the question was really. Should I invest in Berkshire how the way or the S&P five hundred? I don't think that's the right question to ask. I can easily understand if people are asking that question but I think you might want to think what should benchmark be. And what are your turn really so sorry I I saw. You had a remark there now. So I'm looking at the charter. Even more. And there's two periods on the chart that are really quite drastic in the drop of Berkshire Hathaway compared to the S. and P. Five hundred. Both of those major drops occurred at the same time that the government was conducting massive amounts of stimulus. I can't say that there's a correlation there. I just find it interesting. That that's the case. And so let's just say that there is a correlation there in you have an expectation that there's going to be a lot more stimulus moving forward wool than that might be a concern for older of Berkshire Hathaway. But there's nothing that I could do in order to show that that correlation is there based on the number of data points that we have. But there's definitely something interesting going on with the church. I highly encourage people to take a look at the chart. It'll be in our show notes. I think just to basically sum this up there might be some sort of correlation with what the Fed is doing. I think last time I talked a lot about sound money. I think that if we do compare the five hundred to Berkshire. We're looking at someone that performance. Let's just call it sound business and I think one of the really really good things to say about books to how the way regardless of the valuation is that it's a very very sound business and when you look the discounted cash flows shelter and long-term. I just I like Berkshire hathaway banner for mean terms performance over the next decade. It just makes a lot more sense to me to make one bit and not the other okay. So let's go ahead and go onto the next question here. This question comes from Adam. Schwarz at Miami Florida. He says Berkshire is the largest holding in his partnership which also houses most of their net worth berkshires invested in many capital intensive businesses through the years railroads as an example. How do you think about the inflationary or even deflationary risks for all of the capital intensive businesses and could prove to be an ex essential problem for businesses? Referencing what you were just talking about that. Eventually the bill for the deaths being issued comes do will eventually come from all businesses through some combination of higher tax rates on corporations increased wages for for the lower middle class size certainly think that increased corporate taxes are much higher probability then having lower corporate taxes so I I think that we got handed as a corporation. A big chunk. What used to be the government's profits from our business a couple of years ago and it would depend on to some extent which party is like a then and whether they have control of both houses while as the president say and who knows what else we could very easily have higher corporate income tax and perhaps much higher corporate income taxes at some point and in terms of capital intensive businesses. They're just not as good if you can find equally good. I mean in terms of operations that doesn't require capital. I mean they're you know the Seized never sees never required Kabul. Didn't grow but it's it's just doesn't didn't take money to expand and it was delivered enormous sums to us and because we own it within Berkshire to redeploy. Elsewhere didn't require a lot of tax expense either at the corporate level or at the personal level. So you really WANNA business and everybody wants a business. The doesn't take any capital to speak of and keeps growing doesn't take more capitals at groves now. Are you totally business? Ability Energy business requires more capital as it grows are railroad businesses. Some extent requires more capital. If it doesn't grow even so capital-intensive businesses by their nature can are not as good as something where people pay in advance and you don't need the capital. I mean if you look if you look at where the top market value is thirty million dollar market and now if you take the top four or five companies that account for maybe three four trillion of her saw that thirty trillion basically. They don't take much capital that's why they're worth a lot of money because they make a lot of money and they don't require the money to any great extent in the business we own some businesses like that but it certainly not the railroad. And it's not it's not the energy business or good businesses. We love him but if they didn't take any capital they'd be unbelievable. GonNa but that's just a that's what we've learned from fifty or sixty years of operating businesses that you can find a great business that doesn't require capital when it grows. You've really got something. And to a certain extent because insurance uses the kind of assets we would like to own anyway. Our insurance business doesn't really take capital and requires having capital available but were able to invest that money largely and things we'd like to own anyway so we're particularly well suited for the insurance business and it's really the most important factor in our growth over the years. Although a lot of other things contribute GREG YOUTH ERNA THE CAPITAL. You were in the capital of business. Tell us about it well. I think there's no question obviously prefer to be in a less capital intensive business but there are unique opportunities are not the one I would touch on when I think of inflation or even potentially As we go through this crisis and maybe a prolonged wonder how depending on how long it takes for cover. I mean. We are a unique. When we're looking at energy or rail we do have a certain amount of pricing power. And it's through our regulatory formulas or how arrangements our with our customer. So if we then were to move into deflationary period It's not perfect protection. But those businesses generally can recover a significant portion. Their costs even in an inflationary environment. Stiller a reasonable return. They're not gonNA be great returns as you highlight warm. But they're still gonNA earn a return on their capital. Even in inflationary period there may be some lag. Some things like that but they're still going to be very sound investment. So yeah if there was ten for one inflation. Make it extreme. Yeah we'd be happy. We own the Railroad Berry happy. Well we've investing a lot of capital in it but that businesses in my view is a very very solid business for many many. Many many decades is that originally. We bought it with one hundred year time horizon. I've extended that so it it will earn more dollars. If there's a lot of inflation in real terms who knows but but it would. It would earn a lot more dollars and a lot of the energy projects within the but it's better if we don't have inflation and it's better if we don't have capital if we can find the same sort of businesses aren't as apple denser. We've got capital. I mean eh we. We're ideally positioned for capital intensive businesses. That other people have trouble raising capital for but they've still got a promise decent returns so I think this question is really kind of the heart of everything that's going on right now. This is a phenomenal question. It's something that I read in warns shareholder. Letters back in the early eighties. Was this idea of owning assets that are intangible verses assets that are tangible because they have inflationary impacts. I think I might be misquoting this. I think it was his. Nineteen eighty-three shareholder. Letter may be that I read this I. It was in the early eighties. I do know that be talks about this idea that if you own intangible assets and inflation is happening or there's these currency moves that are happening. You can just adjust the price of your product. Because it's an intangible product or the the goodwill is naturally carried into that change in the inflationary impact. So when you look at how. He has positioned himself in the last twenty years a lot of the businesses that he's been forced to buy because he has so much money and he has these value. Investing principles are capital intensive businesses. Because you're going to buy Google or some of these other businesses that have lot of intangible assets for a discount you just weren't you're paying a premium for them and then they just continue to devour everything technological in the world and so I can see how he's got himself into the position that he's at based on the core values that he holds dear to him but he was basically answering the question. Saying Yeah we've got a lot of capital intensive businesses and that's not good is really the essence of his response in my opinion. So Stig what are you got? I'm kind of curious to hear your thoughts. Let's take a quick break and hear from today sponsor Preston. I often asked wits podcast. Listen to one of very best. Is the Jordan hubbing show? Which isn't apple two fifty podcast just like we do here on the investors podcast. John Hubbing studies very successful people. And teach you how you can do the same. One of my favorite episodes is episode. Two hundred and seventy where billionaire BIN HORWITZ CO FOUNDER? Engine will partner at the venture capital firm and recent. Horowitz talks about building. The Right Business Culture. You'll learn why he's finally everyone in his own organization including himself ten dollars for every minute there late for meaning and why he's actually doing it out of respect you also talk about why and how. The culture of Amazon and apple is so different and why the business culture was at the very core of everything. They went wrong with Uber. We really enjoy your show. And we sure that you will as well search for the Jordan having a show on apple. Podcast spotify or wherever. You listen to podcasts. That is the Jordan hopping show on apple podcasts. Spotify or ever. You listen to podcasts. I love discussions about inflation especially when it comes from Warren Buffett. He's written some amazing articles about inflation. And what that means for start investing in general and you can learn a lot from that and we'll make sure to link to some of those writings to Boffa talked about before you know about the book value and how that was the highest in America. If not in the entire world you talked about the Google or apple. You mentioned company like that. They have so many intangibles. That don't have a book value. That's just not how you measure companies. Today I mean Book Value Still Important for a company at Easter some extent for company Berkshire hathaway more traditional companies for intangible companies. It's more or less irrelevant in has a very very different implication. Whenever you're making your evaluations now I love that. I have a chance to talk about inflation again. It's very interesting press. I've been starting that a lot and we talked jeff booth. You're not too long ago. Who talked about the major deflationary pressures that we may be saying? I just want to clarify a few things when we do talk about inflation. Whenever we're talking about this during crisis what would typically see in the time of crisis is that they will be deflationary pressures because so much credit is pulled out of the system. Now that is not the same as saying. Oh now we're just in the time generally off deflation. That's very very different when credit freeze. You have this deflationary pressures and it might be in. A few quarters. Might be a few years. But it's typically something that's very short live we have talked a lot about Dahlia. And we have done that for good reason his like our recommend for everyone to not just read his previous books but also like the he's doing. Lyndon right now and my is always teases me whenever we go to bed be reading her fun books and Alvis sitting there rebellious writing and one thing that underlying disl- as nerd you total nerd on Supsa nerd. I read about inflation and currency before go to bat. I mean who wants to sit next to a nerd like that right and then you dream about it when you go to bed and dream about it when I go to bed. It's horrible. I'm laughing because I'm right there with you but you know I. I remember the last time we were hanging out with a wife. Took them out for ice cream. The first thing I remember was I was very impressed because you knew how to order ice cream in Korean and I had no clue how to do that so I do remember that but also remember that every chance we had to like go away from the conversation was probably about ice cream or something. You know like normal people talk about pure like this talk about go or it was around that time that I was very popular and we're talking about inflation we're talking about. Oh my God. It's lucky that we are married pressed Preston. We could never anyways going back to red L. You so he done this. Study of seven hundred and fifty currencies. They have existed since seventeen hundred since then only twenty percent of those currencies remain and they all been heavily devalued including the US dollar. I don't see that changing so I just think that's very important to put into the mix like show term. We might see few changes a few quarters. No long-term will just continue. See that happening but if you see how. Inflation has moved like over the past centuries. It typically doesn't go like that two percent a year. You know whatever you hear about in the news whenever you go in to see some of those graphs like it's like major major moves like and then it's sort of stabilize and then there is a major move again typically because of something like war or going off into a new munshar system. Whatever the reason is. But that's how going willman make shorts elites at least shown though it's it's probably easier to visualize than actually for me just to sit and talk about how think that is so important understand what you're talking about inflation whenever you hear one two three percent. Whatever in the news so sorry for aggressing talked about Ice Cream. How big nerds were rich? I'll try to bring the point. Baco two books. How the way berkshire-hathaway does have a business that is somewhat inflation protected and they were talking about that but it's definitely in not nearly as protected as it could be even though the do have pricing power which help mitigate some that inflation the fact all right. Let's go to the next one here. All right. This question comes from Charlie laying. He's a shareholder in San Francisco. He says given the unprecedented time of the economy and the debt level. Could there be any risks and consequences of the US? Government defaulting on its bonds if you print bonds in your old currency what happens with the currency is can be a question but you don't default. The United States has been smart enough and people have trusted US enough to issue which dead in its own currency and Argentina's now having a problem because the debt isn't in the their own currency and lots of countries have had that problem and lots of countries. We'll have that problem in the future. It is very painful. Oman in somebody else's currency but listen if I could issue a currency buffet box and I had a printing press and borrow money and that I would never default so what you end up getting in terms of purchasing power doubt but in terms of the US government when standard and Poor's downgraded the United States government. I think Stan reported some years back to me. Other did not make sense in the end in the end how you regard any corporation as other than personal can print the money to pay. I just don't understand so. Don't worry about the government him. I think it's Kinda crazy. Incidentally the should be said to have these limits on the debt and all that sort of thing and then stopped government arguing about whether it's going to increase limits. We're GONNA increase that limits on the debt. The debt isn't going to be paid. It's gotTa be refunded and anybody. That thinks they're going to bring down the national debt. I mean that that have been brief periods I think in the late night. Easier their butts on the desk. Come down but the country is gonNA print more the country's GonNa grow in terms of its. Its debt pain capacity and the trick is to keep borrowing on your own currency so I have never disliked a Warren Buffett comment more than this one I mean I really really dislike his response on this but let me put it this way right in what he said. It's just the way that he said it. Bright so is the. Us going to default on their money or on their debt. Nope they sure as heck aren't they're gonNA print it and they're going to fulfill all of those debt obligations and boy the people owning that are GonNa really hate that experience. He had a really key phrase in there. He said what you get in purchasing power can be in doubt and he said it real fast and he said like it was a nothing burger but it was the crux of the entire response. Right so let me just this question. If you're purchasing power goes from one hundred zero. Was that a default in phraseology. Yes that's a freaking default man like lost everything right. If you're purchasing power goes from one hundred down the one you lost all your purchasing power. It's worthless but in terms. Did you default nope? You sure didn't so that's why I don't like the way. He responded to this question because he almost comes across as a lawyer and he doesn't really explain the essence of the question. The intention of the question is a good intended question and I think he gave a really slimy response to it. So warn you get an F for me on this so I found the response really interesting and I found interesting in the sense that all dead is not created equal I think that's one takeaway and he also debunked the meth that all public debt should be paid back often. We tend to confuse government debt. Too much with private their definite a lot of overlaps but it's also different basically all nations have death one way or the other. There are a few exceptions now the US clear has to service the debt and the wonderful thing at least in the short term is that the dominant restore currency. You can only do that as long as the world trust you. And that was sorta like what he was getting at there and yet where he was saying you have to borrow and print in the same currency. Otherwise it doesn't make any sense and the. Us is an in situation where they can do that. And then he mentioned on there and they can also mean that can print all the currency that they want it just won't be valuable if their own currency and the bar in USD now. I'll like to talk about. Can you pay off public debt and you can? It's very rare that it happens but to do that. You have to grow the economy faster than your current account deficit now. The current account deficit primarily comes from trade deficit at least in the case of the US and then the interest payment of the already high debt and the main issue is really that the US is a very rich country. And that's great but whenever you're talking about the dead it's the drawback because everyone rich countries cleaning ourselves they want to consume and we also want cheap goods so in reality it is just very very difficult to pay that off so either you basically have to consume like a much poorer country or you had to accept that. The prices of all domestic produce goods would be significantly higher. Because that's what happens when you start trading less so you have to sacrifice standard of living and BUFFA clearly realized. That won't be possible. Now partitions talk about it a lot but no one really wants to make the sacrifice so this second or affected that is that you need to maintain the dollar as the global reserve currency and you need to maintain that trust as long as you don't have that anymore that's whenever it's going to be really really ugly all right. Let's go to the next question. This question I was looking for one of these got. Several questions came in similar to this. I was looking for one of these a moment ago. This one's from Andrew Lanky. He says genus foreign why he didn't purchase Repurchase Berkshire shares in March when they dropped to a price that was thirty six thirty percent lower than the price that he had repurchased shares for in January and February. It was very very very short berry where there were thirty percent less but we. I don't think Berkshire Cherish relative to present value are at a significantly different a discount than they were when we were paying higher prices. I mean it And I was like Kane said or whoever was the facts change change I I. What are you sure you know? We always think about it but I don't feel that it's more far more compelling to by Berkshire shares now than I would've felt dreary monster. Six months sir. Nine months ago. It's always. It's always a possibility and we'll see what happens. Greg Youth you think about repurchasing shares generally no I I think our approach warns the right. Approach me always. I can't really add anything other than the the approaches. The right approach way prochet when we see it's the right thing for our shareholders to be repurchasing in that doesn't mean we're repurchasing all the timer or the view doesn't change there could be a price relative value at the time not what it was worth a year ago the value of certain things decreased. Our airline position was a mistake. Berkshire is worth less today. Because I took that position than if I hadn't and there are other decisions like that it is not more compelling to buy the shares now than it was when we were buying them it's not it's not less compelling as wash but we didn't do any we got the price is not gotten to a level or not been at a level where it really feels way better to us than other things including the option value of money to stop up in a big big way so. I JUST WANT TO START OFF. By saying as we've played all the questions we're gonNA play for both episodes. I think becky quick should be the only person it's allowed to ask questions at these meetings are now on like having gone to my fair share of these meetings and sat through them like dude. Becky crushed it with her questions. She was asking really good questions. And when you go to the meeting. I'm always highly annoyed at half the questions that come up. Because they're just so just nonsensical and of no value add. I think becky crushed this. So becky quick. I'm sure you're not listening. But in the very odd chance. It's your Bravo Great Yup. I don't really have much to add on his response because I think he just totally sidestepped it and I don't think that he even provided a good response. I think they're wanting him to get into a wire. You seeing the valuation different now than you were when you purchase it thirty percent higher. And he just didn't want to even broach the subject so I can't really comment on it. It seemed to me like they might be interested in conducting repurchases here in the future and so he was fighting the question but stig. I'm kind of curious to hear what you think he always get. How do you value stocks question? And he also gets the widest berkshire-hathaway worth now. Could you please save me a lot of time? So you know I don't I don't have to do the valuation. He just give me a number and I can just put him a limit or and so. It's interesting reading through buffets latest filing. He bought most of his stocks back at two hundred and forty dollars so the person asking the question would be thinking. Why not just buying a ton back right now? You know. There's a lot of focus on that cash. Position has and a lot of people wants us to pay a dividend interesting enough not to many of the actually shareholders. But a lot of people want him to pay dividends or buybacks. Yes so especially in recent years. You've seen more questions. Popping up. With spiky quick was also referring to the amount of she s that he's buying back is around one percent on annual basis. That's a buyback yield right now Kim. The current market cap now buffet sold of ended a few different things that the fact has changed. And what I put into. That was that you can't really use the buyback price of Satan fourteen two months as a benchmark because even though that Berkshire is now trading at coal tournaments and lower the value of the business also changed because the value of the discounted cash flows in the next few years have changed. And that's just basically what makes the biggest difference like whenever you start this kind of those cash flows and try to figure out what is the intrinsic value days from a mathematical perspective. That is why something like a crisis actually has a somewhat significant impact even an accompanying that has been assistant for Long berkshire-hathaway but clearly it's not anywhere near twenty percent whenever that happens but what also read into this was he talked about opportunity costs and it's just very important to understand like yes. Berkshire is cheaper but if all other stocks and universal also cheaper you know that's whenever you need to figure out what you should do with your cast pile so I think that was one key takeaway. I have and then the last thing was that. It's a very thinly traded stock even in a time like this so when they were the stock plants like percents but looks like it's more or less or night. It really wasn't but for a company the size of Berkshire Hathaway. It was almost like overnight. Can't just go in and buy like all start at whenever it hit one hundred. Sixty two wasp before bounceback back. Let's take a quick break and hear from today sponsor. You know how it feels when you find extra cash in your pocket now. Imagine you found five times that surprise money. That's the feeling with capital one. We're new savings account earns five times the national average savings rate on any balance. That means you earn more every day. Just for saving this hassle-free hardworking savings. This is banking reimagined. What's in your Wallet Capital One? Na member FDIC or right that was the four questions that we selected from the Berkshire Halloway annual shareholders meeting. We always thoroughly enjoy him these discussions and share them with you but at this point in time the show we'll play question from the audience and this question comes from Jeff. Here we go. Hi Stieg High Preston. My Name's Jeff Mason. An investor in Victoria British Columbia Canada. I wanted to thank you both for all of the knowledge that you've shared all the great guests you've had on your show. It's really improved my confidence as an investor. My question relates to some advice that I've heard from guests on your show and I've also heard it in some of the great trading books. The advice is don't sell your winners. I've tried to follow this advice in my own trading and investing and I found him often disappointed. It doesn't seem like very good advice. So my question to both of you is. Do you follow this advice. Do you sell your winners. And in what situations would you definitely hold onto your winners as long as you can? In what situations would you definitely sell the thanks so much and have a great day? Jeff great question. I think first of all I look at a sell order as a point where I'm going to have liquidity and then I have to have some other opportunities. That's going to perform what I think the previous holding is going to do. So if let's just say I own something I have a mass of gain and if I sell it. I'm going to have a massive capital attacks. A capital gains associated with it. And so let's just say that. That was a long-term holding so whatever principle I get from the sale. I now have fifteen percent less of that. That's lost due to capital gains tax when I employ that new capital. What kind of return am I expecting to get out of that? And then when's IT GONNA basically exceed the previous holding previous valuation? That I had for the business as far as return goes so. That's kind of like the mathematics behind my thinking. Whenever I do exercise a sell order another time that I'll sell that doesn't follow. That model is if I think. There's something fundamentally wrong with the business and I think there is some type of issues and I just want to liquidate the position. So that's typically because impairment on their balance sheet for one of their major assets that I think there's some competitor that's come in is going to basically take all the market share and going to cause a lot of punishment for the pick so those are kind of the two main ways that I look at it now. How do I manage some of that risk? If you ask me ten years ago I would tell you that what I just described. His was exclusively how I look at selling positions today. I would tell you that. I also incorporate the momentum status of our we have a momentum to want or finance one of the Nice things about this momentum tool is it looks statistical volatility ranges of a pick any pick and it's tailored towards that pick so like let's say the S. and P. Five hundred going up it's going within a certain volatility range and then whenever it steps outside of that volatility range the momentum says something's different this is most likely going lower because it's outside of this trading volatility range and then it turns into a red status so the way that the tools working is it's basically selecting a stop limit for that underlying pick and that stop limit is dynamic and so as the price goes higher and higher. The Stop Limit keeps adjusting higher and higher. And so I use that tool especially for indexes by use that tool. Because it's really hard to come up with an intrinsic value for the S P five hundred outside of just looking at the price to earnings and so my opinion is that if the price goes through that volatility range in hits that stop limit on an index. It's more macro related than it is earnings-related functioning of the business. So I use that to also assist me in knowing when to stop holding winner and so for example like the S&P five hundred momentum told the thing has been green for a very long period of time and recently went red and then it just went back into a green status. So there's a tax realization to that but there's also the implication that I'm protecting my downside risk because if the market would crash forty percent in a day which you had in one thousand nine hundred seven or some other events. That were very deep. You're protecting yourself from those types of events so I would add that in there as well as a way that I also protect downside risk in that I continue to hold winners that. Just keep on running really like the Christian too and actually I would like to put into the mix if you funds about buffets before I go into my own strategy was very similar to what you also described there before Preston but I think buffet is one of the best example of not selling your winners. The vast majority of buffets portfolio is concentrated in just a few companies including American Express Apple Bank of America and Core Cola. Very famous example of a position has worked really really well and all the investments that adjustments before have been very profitable and side from the application that was initiated. Back in two thousand sixteen is all socks that he has health for very long time. Now I really agree with that sentiment because in the sense that I really Sell winners to generally jumping out of windows heart and if you find relief good stocks. That are compounders. You don't want to jump in out of it too often part of is tax as precedence before you live in the US that's fifty percent so in that sense you just have to be more right than wrong so really to sell you. A it has to trade a lot higher than intrinsic values to say a company like in Berkshire Hathaway trading one hundred and seventy two today. If there was going to three hundred tomorrow yeah I would take the tax loss out. Take the tax on that and sell my position but the more capital gain that you have earned the Harvard simply becomes you know. Colby example like you mentioned before buffet build that position for one point three billion dollars in the last time I looked it up. He was trading and around eighteen billion dollars. So it's a lot of taxi has to pay. Even though the cocoa at times have been quite expensive. It just doesn't make any sense stig. I have something I want to add onto what you were saying there real fast so with the example that you provided with Berkshire Hathaway's priceless assay doubled in the past. Ten years ago I would've said Yep let's sell it. Let's move it into the other undervalued picks that I have and then if the price comes back down to where I think the valuation is. Then start accumulating it today I would tell you if the price doubled. Continue to hold it until I would see the price. Volatility go below the stop limit just because maybe the market is going to continue to. I mean you saw this with Tesla where the price just went crazy. You went up to like six hundred bucks and I'm like this is maddening. Right like this prices nuts and then it ran to one thousand so if you're using a momentum indicator for your point where you're going to exit the position that just keeps running. You would continued to hold Tesla it would up two thousand and then when it started to drop back down call it eight hundred or seven hundred or whatever it was your stop limit hits. That's when I would sell is I allow to keep running because I have no idea how much fear of missing out. The market's GONNA price into that run. But then I rely on that volatility range to help me know when it's time to pull out of that and then go into the other. Undervalued picks that finding on the market is really unfortunate that you talked about tesla us a really had like interesting segment about the inefficiency of the stock market and when we now have primed their to thinking about Tesla. I don't know if I could really bring my point back home with that but I guess my point is that the market is relatively efficient at least over time is proven to be and so whenever I say this and using that as my premise please get everything about tesla. The just mentioned whenever I'm doing this segment here but sometimes whenever you do invest in stock and go south like really really south that momentum can really save you because guess what you can be wrong like you can't be wrong and sometimes whenever it drops fifty or sixty percent that's not because the market is terribly inefficient desk just because you're wrong you're just analysis your fact just wrong. And that's why I think it's so valuable looking way from tax here that you have some sort of tool that can go in and say. Hey you might be right. The whole world might be wrong but you might WanNa take two seconds and reconsidered. Perhaps you are wrong. And perhaps that's the time where you need to get out of that stock. This is a really simple math exercise that I think many investors don't understand if the price goes down fifty percent. Now you need one hundred percent gain in order to get back to neutral to where you were and the way markets work is. It's almost like if you went. And you had to destroy building you can push a button and then the whole thing just falls apart really fast but if you're going to reconstruct it and build it back up like you see these stadiums at they explode that they get rid of it happens in an instant you can destroy things in an instant but then there rebuild it it takes forever and so that's one of the reasons why. I really like the Stop. Limits on momentum is because it takes a lot of the emotional piece out of it that you naturally have when you buy a company and it's just saying hey statistically there's something that's different right at this point in time there's something that's different so you can either keep all on your emotions or you can just look at it from a mathematical standpoint and protect your downside. So that you're not having to rebuild in the event that you're wrong and that rebuilding might take five years in order to get back neutral right or you can. Just you can take a systematic loss and move out on your next pick and protect your downside risk so when buffet has his rules of. Rwanda won't lose money in rule to refer back to rule number one. I think the essence of that statement. Is this idea that when you have a fifty percent downturn it takes one hundred to get it back or if you have a thirty percent down there and it takes X. to get it back which is way higher than thirty percent. So that's important for new investors. I think many new investors don't understand the implications of that especially if you've never lived through a significant downturn all right so jeff. I'm really excited to tell you this. Because you're going to get a yearlong subscription to ti finance where we have this momentum tool and we have these stop limits that are published right there on the chart for every single. Pick that you'd look up and we're just really excited to be able to give this to you so anybody else out there. If you want to get a question plan show good asked the investors dot com. You just click a little button. You can record your question if it gets played on the show you get a one year subscription to our T. I p. finance tool so for anybody else out there. If you want to check out our tool just go to Google and type in. Ti P finance. And it'll be the first thing that comes up and you guys can check out the tool there if you guys want to look at it all right guys. This was a lot of fun and we would love to gun to Omaha. Meet up with in person. That's definite the plan to do that. And Twenty Twenty One and buffet actually mentioned during the meeting that it was still challenges. Plan to go there. He was just a bit too painful for him to go to be in front of cameras and not doing the event. No then go all the way back to La. But guess what? The biggest news at all that I learned from this annual shareholders meeting was that Charlie. Munger is using soom every single day. And I'm like if chalmers using zoom every single day can count on anymore. Like what the world to but guys surf goofing out there and this was all the president. I had for this week's episode of the podcast all again next week. Thank you for listening to ti to access our show notes causes or forums go to the investors. Podcast don't come. This show is for entertainment purposes only before making any decisions. Consult a professional. This show is copyrighted by the investors. Podcast network written permission must be granted before syndication casting.

Berkshire hathaway Berkshire United States Berkshire Warren Buffett Apple Google Greg Youth Preston Fish Jeff Berkshire Abbado Berkshire Buffet Hathaway becky Stig Bryson Charlie Tesla
EP48 2018 Berkshire Shareholder Letter By Warren Buffett

Value Investing Podcast

24:42 min | 1 year ago

EP48 2018 Berkshire Shareholder Letter By Warren Buffett

"This is volume vesting. I'm your host June in this podcast. You'll learn everything related volume best. Hello, follow investors who welcome to another episode of folly investing on today's show. What I'm gonna talk about a two thousand eighteen annual later from Berkshire Hathaway, so Warren Buffett writes this letter every year, and he puts a lot of time into putting together this letter. So I thought that it be nice to go over this letter on today's episode. So there are five items that I'm going to touch up on on today's show, and I'm so excited to go over them because it is advice from legendary investor Warren buffet, so before we get started limiters, keep your creek. Disclaimer as always that this podcast is for entertainment purposes, only, and it is your responsibility to consult with your investment professional for any investment decisions. So without further ado, why don't we get started? So as I mentioned in the intro, we're gonna. Talk about five things in two thousand eighteen Berkshire Hathaway and your letter. So this is the shareholder letter. Warren buffet have rights every year to his shareholders. And what's quite interesting is that Warren Buffett dozen hold Cawley Kohl's in anything like that with Wall Street analysts. And that's what happens to a lot of companies on Wall Street, and that's not the case for Berkshire Hathaway, so instead what Warren Buffett does he writes, this Enya letter shareholder letter to show holders and hold. So he holds annual meeting in Omaha Nebraska, and a lot of people flocked to never sky in order to see Warren Buffett, and he answers, virtually all the questions that individuals shareholders have in their mind. So that's quite different from what other companies do for their quarterly, Kohl's and things. Like that. So why don't we get into the five topics that I wanted discuss on today's show. So let me just go over them briefly. And and let's get into the details. The first topic that I wanna talk about ease gap rule that requires companies to report their stock portfolio marked market, so warm befit complained about this new rule because it doesn't make sense to him and Charlie monger, some gonna get into later the second topic that I wanna talk about here is the practice of using the book value in order to measure Pirker, Hathaway's intrinsic value. So Warren buffet from this letter on started to abandon this practice, and he laid out he's rationale for that. The third thing that he talks about in. His letter is Berkshire Hathaway's intrinsic value calculation. Berkshire Hathaway holds a lot of companies. It's quite complicated to calculate injuries value of Porsche or Hathaway, but he said that it's not that bad if you group them together. So that's what I want to talk about on today's show as well. The fourth thing that I wanna talk upon is funding sources for Berkshire Hathaway, Berkshire Hathaway has traditional funding sources like other companies, and but it also has untraditional funding sources that do not exist in other companies. So that's something fight interesting to talk about. And lastly, you're going to talk about American tailwind. So this is economic power that American companies have and warmth of basically have very positive view about the future prospects of America. So those are the five things that we're going to touch upon on today's show, and let's just get into each topic. And. Talk about the details. So the first pick is the new caporal. So this new gap rule requires companies public companies to report their stock portfolio marked market every quarter. So this is particularly produce interesting results for Berkshire Hathaway because as you know, Warren Buffett has a huge stock per folio for Parker Hathaway this produces wild swings in the bottom line. You'd actually goes down to Berkshire Hathaway's income statement every quarter and warm at things that this doesn't make any sense to him. Well, he laid out some examples in two thousand eighteen the first quarter berkshire-hathaway reported one point one billion dollars loss. Second quarter twelve billion dollar profit third quarter eighteen billion dollar profit and fourth. Quarter twenty five billion dollar loss. So it's a huge swing Potter over quarter. While many businesses on the Berkshire Hathaway umbrella had produced consistent and satisfactory operating earnings in all quarters. It's not just one quarter an old quarters. So if you look at financial statement, then you have gotten the impression that Berkshire Hathaway business is not you know, in a stable condition. It actually produces wild swings in profits and losses every quarter. But that's not necessarily a case. If you look at a lot of businesses warm of purchase over the course of his career day produce very consistent earnings quarter over quarter. And if you look at financial statement, you probably wouldn't be able to calculate intrinsic value in a correct manner. So focused on off rating earnings while Warren Buffett. Said and pay little attention to gains and losses of stock portfolio. So that's the first topic. I agree with Warren buffet, and it actually makes the analysts job hotter because they have to carve out this stop per folio. And try to see how they can look at the operating earnings standing, and it actually makes hard for us to evaluate a company like Berkshire Hathaway because it has a lot of stocks in its book, the second topic that I wanna talk about here is the practice to use boop value as a measure to evaluate the interest. Value perks Hatheway so warm it decided to abandon this practice going forward because of the following reasons. First Berkshire Hathaway has gradually more from a company whose assets are concentrated in marketable stocks into the one whose market value resides in operating businesses. And second while equity holdings are volleyed at market prices operating companies are reported at boop value that he's far below their current Bali. And lastly over time pressure Hathaway will be a significant repurchase of its shares transactions that will pay place at prices above Pook folly, but below two of intrinsic value. So each transaction makes per share intrinsic value up whenever this type of stock repurchase happens. But it actually makes the per share value go down. So this combination causes the boop value scorecard to become increasingly out of touch with economic reality. So he laid out three reasons as I just mentioned, and he decided not to make use of boot value as yardstick in order. Assess intrinsic value of the company. So if you look at Warren Buffett's annual laters always he looked at the changing McFaul you from year to year. And then that he started his annual later from that change, but he is not going to do that anymore because of these reasons so that was the second topic and third topic. He's talking about in his annual letter is with respect to intrinsic value calculation. So here he said that a lot of analysts focus on the details instead of looking at the overall picture, so since Berkshire Hathaway has a lot of businesses on the one roof. It's extremely hard for anyone to assess you know, with certain accuracy, interesting folly of the company warmth of gave out some useful advice here. He said that focus on the forest and forget the trees, so what he's saying is, basically. Just look at the things in groups instead of looking at the details of each company that Berkshire owns so he said that there are five groups that you can focus on and whenever you value at the Berkshire Hathaway stock you have to Gupta in five goofs, and that's gonna help you come up with insurance value. The first group is non insurance businesses that Berkshire controls these subsidiaries earned sixteen point eight billion dollars last year. And it's pretty much like everything because Berkshire Hathaway owns a lot of different kinds of businesses. And he wants to group them together here in one group. The second group is a collection of marketable equities. So Berkshire Hathaway owns a lot of stocks like americ- spreads apple BankAmerica. Coca Cola and Wells Fargo, and these are the companies that are reported. At market value marked market, so you can evaluate his company easily because you can just look at the market value. Warren buffet mentioned share purchases that these companies make and one example is American Express because American Express ownership was toll point six percent for Berkshire Hathaway eight years ago. But now it actually went up to almost eighteen percent. We doubt berkshire-hathaway buying a single share during that time period that kind of ownership increase happened because a stock repurchases by American Express, so style repurchases actually benefit quite a lot for existing shareholders. And since Warren buffet, and Berkshire Hathaway are usually long-term holder of a lot of stocks. They actually benefit quite a log from ownership perspective. The third group that he mentioned here is the companies in which Berkshire share control with other parties. So one good example is craft Hanes and Berkshire Hathaway owns twenty six point seven percent of Hanes along with three g capital. So if you combine the ownership of three g capital imperfect Hathaway, I think they're little bit above fifty percent. So they actually have controlling share of the company the fourth group that he mentioned is the treasury bills and other cash equivalence if you look at Berkshire Hathaway's balance-sheet warm buff as said that it wants to own enough amount of cash because Berkshire Hathaway's kind of in the business of insurance and wants to make sure that at least berkshire-hathaway on twenty billion dollars. But if you look at the kerm balance it it's about one hundred twelve billion dollar tree. Treasury bills and other Cachique Evelyn's, and he wants to deploy this cash to somewhere more productive because right now if you look at treasury bills, there don't really produce a high interest, and that's not Warren buffet likes. But he cannot find really large acquisitions to each warm of can invest this money. The last group is insurance. But before we get to the insurance. I let me reiterate the four groups that I just mentioned the first group is non insurance businesses. And the second group is a collection of market of equities and third groupies companies in which Berkshire share control with all their parties and fourth group is treasury bills and other cash equivalence. Warren buffet said that at the first four Gouves that I just mentioned and subtract an appropriate amount of taxes eventually payable on the sale of marketable securities. And that's how you derive intrinsic value for the first four groups the final group is very unique. And it actually is very important and crucial for Parker Hathaway, which is insurance businesses and much of the ownership of the I four segments, and I for groups is financed by funds generated from a collection of exceptional insurance companies that Berkshire Hathaway owns and if you look at the secret of how warm buffet has made tons of money for he's shareholders this secret is insurance businesses because insurance business has something called float so flow. This the money that insurance companies has. Right now, and it's not insurance companies money, but it's just the money. They insurance company holds for its policyholders. A later insurance companies has to pay out these money to policyholders in case of certain accidents or certain events stipulated in the contract. So the beauty of this business model is the fact that insurance company can hold his money for a long time. And it's quite good for someone like Warren Buffett because warmth of can make tons of money. If you look at the first page of annual letter that you'll see that Warren Buffett was able to produce approximately twenty percent annualized rate of return over forty years time, period. I don't even know if forty or fifty year time years time period and such money that you don't have to pay to policyholders cold float can be used to invest. In various companies for such a long time and warm buff Ed is perfect person to utilize this type of cash and money and make tons of money for he's shareholders. So that's the float that insurance company holds and as long as there's underwriting profit for insurance companies it actually is Haas free. The fourth item that I want to talk about as you released two thousand eighteen annual litter is funding sources that per Hatheway has so if you look at traditional companies, usually they have to funding sources the fronts funding sources that and the other one is equity so those are the two traditional funding sources, but if you look at Berkshire Hathaway there are two additional funding sources that Berkshire Hathaway uses and that is actually quite advantages for ratio holders. So the first funding source has mentioned that that, and this is quite typical lot of companies issued that and bonds in order to finance some activities that they're engaged in the second one is equity capital and a lot of companies are retain certain earnings in order to maintain their business or you not to go there. Businesses into different areas and things like that. And those are the quite common sources for a lot of American companies and also international companies just tell you to additional sources of money for Parker Hathaway, the first one is a float that I just mentioned so float is reported as a huge net liability on the balance sheet if you to accounting class before they you'd consider liability the bad thing for shareholders and for the company, but even though the float is reported as a net liability on the balance sheet actually has more utility to Berkshire Hathaway than an equal amount of equity. What I mean by that is since the flood is cost free because most of the insurance businesses on the Pirker Hatheway generate underwriting profit, which me. Means berkshire-hathaway doesn't have to pay any interest on this float to policyholders and to anyone else. If there's on the writing prophets for the flow that it means that Berkshire Hathaway east getting paid to hold the money. So that's a huge win for Warren Buffett because Warren Buffett has a special ability to generate compound interest on this float, and that's how he got so rich and how he made Berkshire Hathaway shareholder, so rich. So that's the third funding source that other companies do not have and the final funding source that Berkshire Hathaway has and other company. Do not have is deferred income taxes as of this quarter. Berkshire Hathaway has above fifty billion dollars defer income taxes, and this is the lions. Ability that you will eventually pay to the government. But in the meantime, it is interest free. So you don't have to pay any interest. This is also recorded as liability, but it's actually better than liability put because you don't have to pay interest. Just like float. And approximately fifteen billion dollar is coming from on realized gains in the equity holdings and approximately twenty eight billion dollar is from appreciation of assets such as plant, and it it let's think about on realized gains in the equity holdings because as an investor. I know that if I wanna make a lot of money in the future, then I know that I have two compound my money over the course of my life. And if I want to do it, effectively, then I have to be a long term investor because if I sell my stocks at a profit, then if she's a good thing, but I still have to pay taxes to know government. And if I don't wanna pay taxes, and if I wanna crew all this on the realized gain over the course of my life. If I want to use the compounding to my advantage, then it's way better to let my unrealized gain compound by. Self without selling my assets. I hope that I explained in a simple manner. But once you sell then you have to pay taxes, and those taxes cannot be compounded over the course of your life. But if you just put it there, and if you used by and hold strategy over the course of your holding period, the taxes that you don't pay we'll compound, and it's going to give you huge profit down the road. So that's the point that I wanted to get across. So those are the four funding sources that Berkshire Hathaway has the last topic that I want to touch upon on today's show is the American pale win. Warren Buffett is a big fan of American businesses, and he always has very positive outlook for American businesses. And a lot of may say or say that you know, there's going to be a recession and there's going to be downturn. Yes. They will be downturns for sure at some point. But if you look at thirty year forty year time period, even though there's going to be a lot of you know, gyrations and ups and downs in the stock market. If you look at the long term trajectory of the stock market it's going to be upward. That's why Warren Buffett is saying and Warren Buffett gave out good example. So seventy seven years ago in nineteen forty two warmth of a made his first investment in an American company with his money one hundred fourteen dollars one hundred fourteen dollars seventy seven years ago. Had he invested this SMP five hundred index fund then. This money would have become approximately six thousand six hundred thousand dollars on January thirty first two thousand nineteen. So that's approximately five thousand two hundred eighty eight times more than his initial investment on hundred fourteen dollars to put it differently. If you had invested one million dollars seventy seven years ago in SNP five hundred index then by now, you would have had five point three billion dollars. So what's more surprising is that once you put some tweak here, and you pay annual fee of one person on your asset. And let's say you just give that to your fund manager and on advisor than the final dollar mounted you've gotten by now is two point six five billion dollars. We approximate. Half of what you'd have gotten? If you didn't have to pay that one percent fee. So this one percen makes a huge difference in your final dollar mom, and you might think that won't percents just nothing. But over the course of seventy years more than seventy years very long-term on percent is going to cut your final investment amount in half. So that's a surprising fact. And up also mentioned golden vestment. He said that had he invested in gold with one hundred fourteen dollars seventy seven years ago by now that investment would have become or thousand dollars as opposed to six hundred thousand dollars from the stock market. So it's a huge difference. So he's definitely not a big fan of gold. But he's quite a proponent of investing in the stock market in the long term. Okay. So those are the five topics that I gleaned from two thousand eighteen Berkshire Hathaway annual litter, and I found it very very interesting and fascinating. Okay. So that's it. For today's episode. I hope you'll learn something out of this episode. I'm gonna cover more topics as released to warm buffet in the future. Because he's just legendary investor. We always look up to and there's a lot to learn from him and before and I just want to know that I created a website called share investment, ideas dot com, and I mentioned this website couple of times in the past because I uploaded some articles there I post this articles. They're they're about five to six articles by me. And you only need your Email and your name in order to sign up for a free membership. So just check out the website. And I'm gonna put the Lincoln the show. Just in case you want to know exact address share investment, ideas dot com. And that's it. I hope you enjoy your day and see you next time.

Berkshire Hathaway Warren Buffett Hathaway Parker Hathaway Berkshire Nebraska Kohl investment professional America Enya Bali Pirker Hatheway Coca Cola Cawley Kohl Porsche Charlie monger
264- Berkshire Hathaway Meeting Recap and Implications

Invested: The Rule #1 Podcast

44:37 min | 7 months ago

264- Berkshire Hathaway Meeting Recap and Implications

"Everybody this is built town and Danielle town. Welcome to the invested podcast. We are obviously in the middle of pandemic and we have massive things going on in every direction and we just got to hear from Warren Buffett this weekend and I think he had quite a lot to say particularly between the lines. And I think it's going to be really valuable for us to to chat about that today. So let's do that what you say. Wow we're diving right in. This is so for us. This is some serious things going on out there and we need them. There are serious things so it was the Berkshire hathaway annual shareholder meeting on Saturday. And this is normally an enormous woodstock of capitalism type of convention in Omaha Nebraska. I'm wearing right now. My shirt that I got there. Last year was the these woodstock of capitalism shirt. You good shirt when I got there. Last year wasn't nearly soon I did. Well the five K. Thing you know shirts much much better. This one's pretty awesome and it was a gift her friend so I love it so yes. It's usually this like fantastic. Gathering of investors and shareholders from all over the world and has been growing and growing and growing every year. But obviously this year it was not canceled but the the gathering part of it was cancelled so they put it online and streamed live on Yahoo Finance. If you missed it you can still watch it. It's still up there on Yahoo Finance the whole thing. It's about a five and a half hour video including the pre show in the post show and it's worth watching because it was sort of an interesting different situation so usually it's Warren Buffet and Charlie Munger onstage together. And that's it this year. It was Warren Buffett and Greg Able. Who's one of the? I don't know what his exact title is. But I sort of consider him to be be a vice president Bush person. He's kind of like in charge of all the stuff below Warren and Charlie and sort of next to a g chain and Ted Wexler and todd combs and and he was the closest geographically he apparently he lives about a two hour drive from Omaha. So He's the guy who drove in was on stage with Warren and what I thought was so interesting about. This is that they kept their commitment to the basketball arena where they have the meeting every year and they went ahead and set up their table the way it looked like just every other year and had put all the cameras in there and it just was this very strange empty set with nobody there except for this table with two guys. And that's what's on camera on young finance. It's so strange it's A. There's a lot going on there that I think is really important for for all of our listeners to understand and I don't want to kind of dive into that even going on with the setting no la going on with what Buffett was saying. Oh well yeah I was just giving the setting. Yeah Okay Good. Good good setting setting okay. So you're like fine. Whatever but I think I think the setting is important because the way he talked was different than other years. So go ahead. Yeah I think the way talked was vastly different than other years. If you'll remember back in two thousand eight he was really busy buying up companies in in the in the drop and he was very very out front about it. He said You know we're we are jumping in there and and you know we're buying now and what he said this time is. We have made any purchases we are. We haven't done anything because we didn't see anything attractive to do. And he's holding onto his capital basically says he wants to make Berkshire like stay at Fort. Knox and the implication there is I think well. I shouldn't say it's scary. Because essentially what he's saying is we don't know what's going to happen. And the range of possibilities of what could happen are enormous Which means that the range of possibilities includes what Dalia thinks is going to happen. Which is where already in a depression so I'd buffet is taking that into consideration and saying you know what if we're GONNA start putting capital to work. We can only do it when we're quite certain. That Berkshire is solid We've got one hundred thirty seven billion dollars. We have to make sure that Berkshire is rock. Solid can't miss on any of its obligations. It's got to be able to deliver on all of his obligations. Whatever those are and for that reason he's also not buying back Berkshire stock even though it hit down below. One seventy briefly. Yeah so what happened is he. Showed the the balance sheet for for the first quarter and it showed that they had sold off all of their airline stocks and not really bought anything of significance and then he said. I don't have to show you this and I normally wouldn't but this year I'm going to put up his April Balance Sheet. Which showed that? They hadn't really bought anything of any significance and then he basically said like that's just kind of how it is. He didn't really explain it. He said we want to make sure that we have enough capital. We have enough money to be Fort Knox to to be ready for whatever happens and we don't want to be dependent on the kindness of our friends and we are. We don't want to be dependent on the kindness of our enemies and we really don't want to be dependent on the kindness of our friends and basically he said that over and over over the roughly four hours of him talking without really saying anything more than that which I thought was rather frustrating. I like him to just come out and say why he's conserving all of this money. It's because he thinks something really bad could happen but he didn't actually come out and say that he just kept saying we. WanNa be ready. We don't know what's going to happen. There's no way to know nobody knows but we're going to be ready. And the reason it's been a chunk of time on on the economy's performance in seventeen eighty nine right with a focus on one thousand nine hundred eighty nine and nineteen fifty one which is a period of time that took the US stock market. Well over twenty years to get back to where it was right right so that should be a clue I think. Yeah it was the sort of juxtaposition of he spent the first forty five minutes giving like a basically a US economic history lesson and ended it with. That's why I believe in betting on America. I think anybody who bets on America's GonNa do fine and then twenty two years from now. Well he didn't say that part for that was clearly. Yeah there was on America. Put Your Money. In Index Fund in twenty two years from. Now you'll break even. That was clearly the implication to stick with it and from there. He went to the balance sheets where he said. We didn't find anything attractive to buy in March at the low of the market. He said people were starting to call him. And Charlie right as the market to that low around March twenty third. They were starting to get calls and then he said that the second the Fed acted and put all that money out there to be available to companies The calls dried up and they got terms better than Berkshire would have given them from the government from us from the taxpayers. We gave them terms better than Berkshire would have given them so. I'm really curious what you think about this. What I got out of this and I'm I'm I'm sort of naturally leaning toward being less confident about the ability of the economy to come roaring back and confident when last week. You told me that it was probably going to be a depression and we were already in it now. I'm thinking wow it's more than probably I'm thinking that the impact of all of this shutdown for example. The impact on travel talked about it. Briefly is that there is a huge domino effect that goes on with the economy and employment and so fewer people travelling means fewer jobs in all sorts of industries He also said that the energy real estate and retail industries are all facing gigantic problems. That are are likely to reverberate. All the way through the economic system and into the banking system in spite of the fact that the banks are in better shape than they've ever been in history probably And I think he added that this is a great time to borrow money money. Yeah amazing and and yet that means the flipside is. It's not a great time to lend it right. And if you're a banker you probably already figured out right. So man alive. Think about the industry that he highlighted there that are in really bad potentially in really bad trouble real estate gigantic industry all right And and think about you okay can borrow money which is great for real estate. You'd think except that people are going to be pulling back from buying stuff And if you are expecting that it's a bad time to lend. What could that mean? Maybe it means it's Interest rates are going to go up in which case you don't WanNa lend long at a low interest rate the retail industries. We all know what's going on with shopping centers everywhere. There's virtually shut down and are trying to figure out a way to reopen. But are people going to congregate right? I can tell you I can answer that one. I can answer that one. Yes yes I agree with you. People aren't going to Congress. We we send hundreds girlfriend. Alexis down to pick up something at. Lowe's that we needed and she had to wait two hours in the parking lot them to bring this thing out and you order online and pick on the. Yeah Yeah exactly. And they just were overloaded. Parking lot she said was packed packed. Okay I mean people are going to go to the shopping centers. There's no doubt in my mind so I think that the risk for retail shopping centers is a little over overstated. If you have the right stores in there so there there's something there maybe we can invest in. The energy industry is a trainwreck. Obviously I mean. I don't know if you knew this. But the price of oil in the United States in Texas briefly hit minus forty dollars a barrel. Yeah minus thirty seven. I think okay minus thirty seven meaning come and get it and I'll pay you to take it away and is currently hovering around twenty Which adjusted for inflation means? We're at Lowe's historical lows. We are though like this isn't just sort of like. Oh my goodness can like. We stopped using oil. So yeah you stopped driving less. Saudi Arabia flooded the oil market at the same time. Like yes. This is. What happened is brilliant. Wasn't it was like I? It coming two months out like this is happening. You know and it's going to frankly not get better actually. I've been surprised that the prices bounced back so quickly. But it's not going to get better very quickly because we're not coming back to using the kind of oil. We used to use very quickly but it will start to come as people start flying and using offices and traveling again so she brings us to the next question or are people going to travel and fly and US offices people will. Some people will for sure pressure by that piece written for show. Fine I mean. I see pictures online of people on airplanes. And what the airplanes are you airplanes. That are packed full of people. Yeah because I think we're going I think because they're running so few flights that No Way I'm getting on an airplane will meet either. But we don't have to if you were if you were dying. I would get on airplane right like you know what I tell you. I would say but I'm saying like there are situations in which you're like all right the benefit outweighs the price here. I'm going to get on that airplane and lots of people are in those situations I would tell you I'm dying. I don't want you to come and get this stay home and we'll zoom right up until the last second. Oh that sounds great but look at. There's another industry gigantic industry. That's in trouble right. Which One k. I still I'm astonished. I The cruise lines of course would be the last place I would ever go right. Well and their full their full for the fall. Apparently no-one thinks like me. And they're all just going to go get on a cruise ship together. I know I know so so I do struggle a bit with these sort of doomsday views. That no one's going to go back to realize because I think we've also seen it. Yes not as widespread. But we've seen it like after SARS and after murders we saw that in Asia. They went back to normal life but a lot of them were masks and it became normal in Asia to wear a mask around when you're traveling on an airplane and people in the West wrote. You know generally didn't do that and if you do it you get weird. Looks and I think we're going to start to to. That's going to become more normal across the entire world but people are still going to get on the airplane. They're just gonNA wear the mask so I think. I think there's one thing about Berkshire that that gives buffet an insight that we should pay attention to for sure. And that's how broadly diversified they are. And how many industries they're in EPA with some of the best people in the in those industries working directly for buffet. So he gets to talk to them. They send him to be able to across the economic spectrum like unbelievable view and so. Here's why I think the stuff I'm saying. And you're saying like people are going to congregate people are GonNa go to the mall. People are going to go on cruises we learn. Yes all of that. I think is right. And that's why Buffett didn't come out and say hey guys we've got a huge problem here but the question is if the virus comes back in a major way and we don't have a treatment and we don't have a vaccine then that's when all bets are off and I think that's why he was sort of saying over and over like I don't know what's going to happen it could be bad. It could be fine but I don't know what's going to happen so Berkshire is prepared either way right exactly and for us. What this means to me I actually is that Burks I'm GONNA take it. The buffet is making Berkshire Fort. Knox Okay but you and I don't have to be Fort Knox. We don't have to be prepared from because of obligations to pour out billions of dollars. We don't have to do that. We're not backstopping anything except US right so we have to be Fort Knox tasks but not to anybody else. We're not obligated anybody else. For anything and that changes the picture quite dramatically in terms of our comparing Berkshire survivability to our own survivability Berkshire has to be able to deliver on all of its obligations as an insurance company. Yeah and and and to keep all of its sub businesses going properly might need capital We don't have to deal with that. We just have to be us. Get us through this right and so if if we are and what that might mean though is that we got to watch out for our jobs right. Make sure that we're going to be employed. And if there's a lot of Of Companies that have shut down. Then there's going to be a lot of people unemployed if you're not if you're not one of them you know. Thank the good Lord Right. You're in an industry that is doing all right But some of you are going to be an industries that are not doing all right and that means you're gonNA act very conservatively with your money. You're not going to put your money into things that can go down and leave you with half of your capital when you might need your capital right so you you're going to be very very careful about how you use that cash and and what that means to me is a there's a little bit of of a similarity between Burke Shire and the way we're thinking if if you're worried about your job then you do have an obligation to your family and you're going to have to hold onto cash to make sure you're able to handle that and do whatever you have to borrow borrow bunch of okay now. This is not a pinch advice to you. It's not a recommendation. It's just an opinion. Yeah Yeah Yeah I'm GonNa give you an opinion and and And take it as education and entertainment. Only but I'm going to give you this opinion and my opinion would be if I were in that situation where I had limited cash and I was working a job that might go away. I would immediately go borrow as much money as I could. My House I would go borrow on a personal credit line. If I could get it I would load up on cash right now at this ridiculously low interest rate. That's out there you know. We're talking about three percent or something even five percent historically all the time. I've been an adult five percent was like Nirvana if you could ever get five percent which you could never get until just recently so i. I don't know if you would agree with this Daniel but that's what I would do. I would gather in cash I would hoard it. I wouldn't spend it. I'm not going to go out and spend it. I'm just going to make sure that I've got coverage and the reason I'm going to do that is because they can't throw me in a debtor prison. They can't beat me to get the money back. I do have bankruptcy protection. I can go back up. It's certainly don't want to but I'm going to behave. Just like the CEOS of companies that are getting in trouble. They're doing that very same thing right now. They are going out and borrowing every cent. They've got Boeing just did that. They borrowed down every cent. They could get in their rawling credit lines and everybody'll berkshires even bothering my like you just said if it's right for them then it's you gotta think about it and I and I know there's an ethic about not being in debt you know. Certainly that's very good advice. But it's only good advice if you have a job if you don't have a job and you need to feed your family and you need to have a cushion against five years of economic disaster. You are going to wish that you had another hundred grand in the bank. You're gonNA wish you did. And if the downside of getting your hands on another hundred thousand dollars is that you have to go bankrupt because you can't pay it back will. Oh my you know that is not being taken out and put against the wall and being shot all right. You're not going to prison. Take advantage of the system to protect yourself. The people I'm talking to are the little guys. They're not the big guys. They're not people with lots of lots of options that you can exercise on. You know you lost this job but I'm really well educated. I can go get that job. I am talking to the people who are not in that position. They lose that job. They're not going to get another job. Just aren't going to be jobs for that. I think the debt can be scary and really put you in a massive hole and going bankrupt is not the panacea that you're making it sound it follows. You wait wait. Walk me through. I think panaceas a little bit loaded but walk me through. Why Borrowing One hundred thousand dollars losing your job. Not being able to pay it. Back you the they're foreclose on your house right. These are all really rough time stuff. Got A hundred grand and you go bankrupt. You go bankrupt. You know you're not going to go bankrupt at one hundred grand in your bank spending the money. You're not going to go bankrupt till you're broke but I mean look compare that to not doing it. You don't have a job you've still got a mortgage you still lose your house anyway. You Got Three Thousand Dollar House. I think it's a lot to say and I think we don't. I want nothing to do with that advice or recommendation or opinion per people. I think. Put this all on me. And if I'm hearing from regulatory authorities about how terrible that is that I'm just going to refer to them. To See of Boeing talked to him if he can do it. Why can't the little guy do it? Why can't the little guy do it to protect his family and things get bad than UK? You take advantage. I mean bankruptcy laws. Are there for a reason they. We don't want people to suffer endlessly for financial error. And Look. This isn't even financial error that you created this corona virus disaster. And if you can take some degree of refuge by getting loans right now banks are willing to give you loans than your credit worthy and West to say instead. Why don't we say instead? Take advantage of the opportunities that are available to us right now for the P P P the unemployment options that are out there take advantage of the stuff that isn't going to create a permanent not permanent but how long has bankruptcy last seven years seven year. Huge problem but it is permanent. Because you do have to say on forms if you've ever declared bankruptcy for the rest of your life so it is permanent. Now I've financial adviser. I am not a financial planner financial anything but I feel very uncomfortable with the opinion that you just said so i WanNa make sure I put that out there. This stuff follows well. I am not very conservative person. And here's the problem. People who have assets and education don't see the world the same way that people don't have those things see it. I mean you've never been in a position like I've been in in my life and so I don't think I don't think it's fair for you to say that it. It's it's a wrong idea to take advantage in every way of the of the system. I think you should do that if you're if you're a family that doesn't have those kind of opportunities. Doesn't have those kinds of advantages in your life. I would say Dang it you get the cash where you can get it if somebody Linda to you. Then they think you're worth the risk and they're hedging that risk out there in many ways that you don't know anything about so take advantage of it and I honestly I. I'm just that guy I would. I would do that for my family if I thought I needed to do that. To protect you thought I needed to if I suffered a loss of my credibility because I went through a bankruptcy I also happen to know that the year after you go bankrupt is people are massively willing to lend you money. Just why what do you mean you happen to know that I just happen to know? I've seen people go back. There astonished what happens on the other end of it come out of bankruptcy and guess what? People WanNa lend you money. You know why. Why can't go bankrupt again for a certain number of years Gosh but yeah so messed up. Welcome to the real world and by the way do not be a martyr to your credit score. Okay You GotTa do what you gotTa do. And if you're buried under debt and you lose your job in this whole pandemic don't I in my view. I this is just my opinion. Okay but in my view don't be plagued by the bill collectors that are GonNa just harass you death When these companies sell your loan to them and they just turned over to professional collectors who will just climb down your chimney and the only thing that stops him as bankruptcy. You can bankrupt yourself right out of those situations and I would. What are you doing and just like blown away right now really. Yeah you think this is terrible advice. I don't think it's good advice. No advice it's not advice. Just want to say it's an opinion and I admit it's aggressive and I admit it's a little radical and I admit it would be seen by many people who are in mainstream positions to be unethical. I Got Yeah. I'd like to go back to buffet topic for today. Who We're out out out of whose mouth I certainly don't think those words would ever come. No I wouldn't. He sitting on forty billion dollars. He's not gonna say stuff like that. Now come on. I mean the guy like came out of not nothing but a reasonably middle class family. He is not like some guy who grew up on Park Avenue. He knows what what it is to be relatively normal all right and Edwina brokerage represented the United States in the House of Representatives. He not normal his dad also basically lost everything in one thousand nine twenty nine which he talked about in the meeting which was really interesting because he said that the clients stopped like he was kind of embarrassed to be around the clients that he had sold stocks to because then all the stocks crashed and he lived in small town Omaha and he had recommended to these people that they buy and then they lost most of their money and so they he wasn't able to sell stock anymore and I think he said is this right. He said his grandfather owned a grocery store and so his grandfather said I'll give. They had no money so his grandfather said. I'll give you groceries On credit and you can pay the bill later. Buffet was like it was like he wasn't so generous. My grandpa he was a businessman. I don't like the characterization of him. Some guy who liked grew up super privileged. I think he would disagree with that. I think he he certainly says he grew up very privileged in the sense of having all the opportunity in the world. But you know he wasn't rich. Yeah I I'm I'm just thinking. Buffet is not an example of somebody. Who's Normal Chair? He's not arm fair enough. And so leaving behind this controversy. Leave it out there to figure out what you WanNa do and whether you think it's unethical and to go after money may not be able to repay. It's highly unethical and highly dangerous to one's future. So do you think it's highly unethical for serious question? Do you think is highly unethical for Boeing to borrow down its term land. Is that also highly unethical? No if not why is that? Not But why is it wrong for me? I didn't is it for a plumber. Listen go out and borrow. Money doesn't know if he can repay. Boeing thinks very strongly in the ninety nine percent kind of very strongly that it will repay that money. There are many companies that have drawn down on their lines of credit in the last two months. They think they're going to be able to repay it. They're trying to bridge a bridge loan. They're trying to bridge the gap here and get back to normal earnings. So I think Boeing definitely thinks it will pay that money back going going around going. Well we can't wait to not pay this. Why could refit for all of our careers but they also understand that? They wouldn't get length the money if they didn't have assets to cover it and those assets are in fact covering those loans. That's how those people are going to get paid back doesn't mean Boeing's not GonNa go bankrupt absolutely. They could go bankrupt. I mean I still pay the loans back. Even if they bankrupt. Yeah they'll pay them back or most of them back after the insane administrative expenses of a bankruptcy but the fact is the CEO is going to absolutely rely on the protection of bankruptcy laws. He knows that Those lenders are going to lend based on that kind of protection. And that's the same thing with just a little guy the lenders not GonNa give you money. If he doesn't think you'RE GONNA get it back to them especially now right yes but you have just said that your opinion is let you should take money and then basically plan not to pay back that. I've really glad to hear that. No I didn't say that I said that if you that what you should do right now is if you think. There's a chance you can go to you. You're going to be disrupted in your revenue. Let's put it like that. You're going to have serious disruption that the wise thing do be dude copy the CEO of Boeing and many other major companies and load up on cash as quickly as you can and fact Warren Buffett basically said this is a very good time to borrow money we the loans that are out there are four. Yeah Yeah I think he did. You just agree with me. So if Boeing's doing it in order to protect themselves from damage down the road. They're willing to get you know much worse bank looking a much worse balance sheet in order to have have avenues to escape the problem. And that's the problem of not having much revenue as they had in the past. That's the same problem some a you're gonNA have. You can have as much revenue as you had in the past. Get cash now to cover you to bridge over to win. You can figure this out and when the economy starts to return and when you can get a better job and and then and then if you have to as you said you know you can't back with a hundred thousand dollars in the bank agreed but if you have to use the money to get finally down to that place where you are going to make it back into a job you might burn down the whole hundred thousand and you'll be thanking the good. Lord you have it. And that's why Boeing took that money in. It may need it to get to that point where the airline industry recovers. I mean. That's why southwest borrowing as much money as they can right now and they don't know for sure that there will be a recovery. Nobody knows for sure and therefore it is entirely possible that two or three airlines would go bankrupt in the next four or five years. I think they think they're very confident that they're going to recover. I think the question is how long is it GonNa take and be specific? They're very comfortable that they're going to recover because the federal government is limiting them a huge amount of money huge and that totally and I think that they are on and and the reason they're doing that is because the federal government thinks they're critical industry. Nobody thinks your critical industry. Hate to tell ya but nobody's coming to your rescue except you. You better start rescuing yourself ahead of when you need it. The worst thing about banks. They will only lend you money when you donate it. So if you don't need right now go get a pile of it if you need it right now. I'm sorry but you probably not gonna be able to get it too late. So we're the wise. Follow the the examples of the best CEOS in America who are in trouble right now and they are all loading their balance sheet with debt as fast as they can get it as much as they can get it so he should do the same thing I think I mean. That's just an opinion. I'm just saying it's just an opinion. Just an applied do not see why that is any less ethical than what Boeing's doing so let's get back to me buffet and Berkshire Hathaway. I won that one. Tonight you're taught me. What did you think about Greg? Evil sitting next above it and making comments well. I think that's an obvious indication of WHO's GonNa take over of Warren. Get sick this year dies. I think absolutely he's pointing to Greg. Able I don't I don't and Greg is younger than than a Jane. And that's probably why as she'd isn't up there Vowed genius in buffets been raving about him for years. But you gotta you gotTa get a new guy in there. You Probably WanNa get a guy who's not seventy you know it's like it's like Charlie Munger. Charlie Mongers Board Meeting Daily Journal. Like we've just brought in a new director who's seventy five which dropped the average age of the board by ten years or something? That was funny. It was really funny so I think that's a big part of you've got to to really superstars there and I think he picked the one. I mean it's not a final pick but I think that's an indication who's going to be running Berkshire obviously. It's a very strong indication of confidence. Yeah A to that question of who runs yeah. I don't know but I found that he was he was all right like I didn't really feel like he added that much he didn't. He definitely lacks the sort of interesting talk that the buffet gives and the Banter in the stories. And the you know ways of explaining things that make profits so interesting and and obviously hardly anybody is like buffet. He's one of a kind but it was very much like if this is the future. I don't know how much how much longer people are. GonNa get excited about it. But who knows it's an interesting question about Berkshire itself I mean. Buffet was pretty clear that At in previous to the meeting that prior to the meeting that he wouldn't think berkshires massively undervalued. Right now He basically that you were to sell off Berkshire in pieces and pay the taxes And the liabilities. Pay All that off By the time you cleared all the tax bill Which would be enormous. You would have a break even more or less and that might have been a little sobering for Berkshire investors because the stock went down ten percent. This already well not just that he also answering the question about why they didn't buy stock back in March. It wasn't just that they want to conserve money. Although I think personally I think that's the main reason but and why would you spend money buying Berkshire stock unless he had nothing else to do? But also because he said the intrinsic value of Berkshire went down last month burst of all he lost was it. Six billion on the airline investment and then Many of their businesses have been really adversely affected by the Down he said Berkshires intrinsic value has changed and so he didn't really think that actually the price change showed a massive discount the way it would have seemed and I thought that was really interesting so I don't. I wasn't real surprised by that the fact that he didn't buy a lot of Berkshire buying a little. I mean a little few billion dollars worth of March or April now but over the last year. Oh yeah when they bought exactly but they didn't buy a lot and so to me. It's been he's been saying right along more. I think what I'm hearing from buffet as more. We're going to see a time when we can by Berkshire I really cheap. Yeah hit it. I think it's that it's that plus we would rather buy some massive awesome business at eight seventy five percent discount because we're the only ones who can cause we're the only ones with a hundred billion dollars to spare and still leave forty billion on the balance sheet to cover all of our expenses and random obligations that come up so. I think that's what he's hoping for and he doesn't WanNa Penny Ante little purchases here and they're not these being for that he doesn't want the US to crash. But I think he he sees it as a possibility and I think we should too. I do too. I think I mean. I think we're GONNA wrap up here but my prescription for me is going to be sit tight be patient. Charlie said we make money when we wait. That's what I'm planning on doing. We've certainly picked up a couple of companies without. We're we're pretty nicely priced in. And they've gone down from where we bought them and we WANNA buy more But we're sitting in a lot in cash and I think that that's I'm very very comfortable without right. Now that this market will look a lot worse. I think there's a very good chance. This market will look a lot worse in a year that it looks right now and we'll see we'll see if that's true. Yeah we'll see. He didn't answer becky too quick. Didn't ask my question which I was bummed about my question. Was My question was considering that we're in a recession. So many small and medium businesses are going bankrupt and not gonNA come back. People are losing their jobs. Unemployment is at a massive high. Do you think that Wall Street is completely divorced from the plate of Main Street? Ooh That's very sophisticated question. What do you think the answer is? I think it is divorced and I think we're going to look back and go these. What's the vote was that occupy Wall Street thing? We're going to look back and go these like fat cat. Rich people were sending stocks way up with no justification except for a few of them are doing well legitimately have good earnings but the rest of them don't and yet for some reason. Wall Street has suddenly gone. Long-term mysteriously and companies with no earnings going but in a year. They'll be fine doesn't me to any sense at the same time. People are losing their jobs and it's not just jobs it's small and medium businesses are many of them are not gonna come back and they weren't able to get the loans from the government because the US government screwed up the process and that's a whole other story but it's really discouraging and I just don't see these these two. I don't know it's like these two opposing forces but they're not really opposing the kind of Har- and they just don't make sense together. I really wanted to hear from him about that. Like this market is is almost back at its high like why considering all the data why nobody asked him that I can tell you why why and I think I'm very likely to be right. And that is that the market meaning. The vast majority of our money in the market is run by professional fund managers who have learned over the last decade that you should never fight the Fed. It's a it's a fact of life and it's a. It's like a headline. Don't fight the Fed and anybody that's fought the Fed meeting if the Fed reserve raising interest rates. You think the market is gonNA go up and you buy stocks and it goes down like a brick because you fought. The Fed raise interest rates market. Goes DOWN THEY DROP? Interest rates market. Goes up these guys have learned that over and over and over and over again and they're fundamentally traders even though the so called long-term investors dot hold socks more than about three months and they're judged on their three-month performer sector judged on a one month performance. A years forever. You know years like you know light years away so you. You may not have a job in a year. You'd better perform now. And so they can't sit there and wait while their peer group jumps in as the Federal Reserve cuts rates to zero and promises with the federal government to put in six trillion dollars. They can't wait if they wait. They're gonNA look so stupid in three weeks which they did anybody. That waited look like an idiot. The market jumped back boom. And so guess what they. They've made it more volatile there jumping in just out of pure momentum guessing nothing to do with mainstream nothing to do with what's going to happen a year absolutely blind to it out of necessity to protect their jobs. That's why it went Jack and backup all right there right again. Do Not Take Silence. Ask Agreement. Well proportioned give my love the Nuno and stay healthy and you all stay healthy out there to you guys and we'll be talking to you next week. Thanks guys next week. We're going to have an interview With Dan Heath great book called upstream. So check that out. And then we'll be back talking about companies because we've promised you guys good companies that we like and that's what's coming could good depression companies to get onto that list to go. Thanks everybody hi guys. Thanks for listening to invested if you enjoyed this episode and you want more information including show notes and more episodes visit us at invested. Podcasts DOT COM. There's a special offer waiting for podcast listeners to attend my three day investing workshop absolutely free so just head to invested PODCAST DOT COM. Everything discussed on his podcast. It's either my opinion or Danielle's person and is not to be taken his investing advice. Because I am not your investment advisor nor have I considered your personal situation as your fight. Do -ciary this. Podcast is for your entertainment and educational only and I hope you enjoy it.

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Stokely Hathaway - Notsam Wrestling 247

Notsam Wrestling

1:50:58 hr | 1 year ago

Stokely Hathaway - Notsam Wrestling 247

"What are we it's been? We're covering evolve. We're covering fight for the fallen. We're covering extreme rules. The summer slim bill begins Bray White as back an interview with annex tease newest recruits stokely hathaway. This is not sam wrestling it is introducing your host from New York. Here is Sam little you know. I was going to start off by saying it's been busy week but at this point they're all busy weeks and you wouldn't have it any other way. Would you welcome here. We are once again not sam wrestling. You could set your watch by it happy Thursday or Wednesday. If you're a not Sam Shell over on Patriot by the way I do want to send a shoutout to start this thing to all the not sam shells you can become a Nazi showed Patriot dot com slash not sam. I'm wrestling less than a dollar week and you get a whole bunch of additional content. <hes> I said this week that I would do maybe it would be on Tuesday or Wednesday that I would do a a post show for evolve and for fight for the fallen. It's just been so busy and I'll explain to you what I've been doing and at this point the shows have been days and days ago and stuff is moved on so I didn't get a chance to do it so instead what I'm going to do for those of you that are on Patriots on this Friday a I will have an episode of captive audience. An episode of captive audience goes up on the not sam wrestling Patriot page exclusively for the not Sam shells this Friday. It's going to sit down with somebody. WHO's in my life? I have not necessarily a wrestling fan and in real time we're going to watch <hes> one of my favorite shows and I'm going to try to explain to them. Why wrestling is so awesome you can watch along with us and you can listen to it only if you're not sam show at Patriot freon dot com slash not Sam rustling all right so that's the make good <hes> the reason I been so busy is because so I mean I go from? I was in Philly on Saturday. If I was home on Saturday and I had access to the not Sam Studio on Saturday I I would've jumped right in to the studio right after the show is I've done before Donna Po show for evolve and for fight for the fallen but I was in Philadelphia on Saturday so I could wake up and on Sunday head right over to the Wells Fargo Center and be a part of the extreme rules kickoff show and be a part of the extreme roles watch along show of course had a great time doing both of those things even though I had to deal with the iconic again not always the most pleasant thing in the world but for the sake of professionalism we do what we do so on Sunday. I'm in Philly after the pay per view I go back to the hotel sleep for three or four hours. Probably three hours wake up drive from philly straight to New York City so I can get on the radio seven A._M.. Monday morning do the Jim Norton and Sam Robert Show where we had the Bagel guy you know the angry Bagel guy he came in on Monday left. The radio show went home. You said Hi to the children gave the wife. A kiss to the shower. Put on a new suit headed straight to Long Island <hes> where I went to raw on Monday to do commentary for W._W._e.. Main event so if you're keeping track at home confused. What does this a rerun now? If you go to Hulu Right now the July tenth episode of Main Event Watch it because you boy the last professional broadcasters Sam Roberts is doing commentary this week's episode of main event. There was taped before raw. Watch that one too because two weeks in a row your boy the last professional broadcaster Sam Roberts is doing the commentary for main event all right so over the weekend check on Hulu. I think it gets uploaded Friday morning or something like that and you can watch <hes> both last week and this week's episode of main event because I'm doing commentary for that Monday night drive home. We've got first thing Tuesday morning right into the city Ricky Jer vases there. We're doing the Jim Norton and Sam Robert Show back home. I mean we keep moving in moving to move a baby. We're moving where shaking and we keep it going. It's been awhile time but it's been a fun time in the meantime. I've been watching raw. I've been watching smackdown. Evolve evolve tenth anniversary extreme rules fight for the fallen annex t good Lord. There's a lot of wrestling Oh and we're right in the middle of the G. One classic from New Japan. We're going to cover a lot of that today in the state of wrestling so yeah it's a big time for wrestling and by the way after all that happens the build for summer slam also started because we're only I mean summer. Slim's early were less than a month away from Summer Slam in Toronto <music> this year which means we're less than a month away from takeover Toronto and Summer Slim Twenty nineteen. I mean good Lord right after Summer Slam. You GotTa Imagine Labor Day Creeps up on you. It'll be September and and before you know it W._W._e.. smackdown his on Fox A._W._S. on T._N._T.. The wrestling world changes again. We're moving quick baby. Let's try to be in the moment as all these changes happen. Let's try to be in the moment and realized realized that all of us fans right now are part of history and quite frankly these not saying wrestling shows are documenting said history. We'll be able to go back because these shows they stay up forever. We've been on for almost two hundred fifty episodes okay. That's years of podcast every single week and if you go back far enough none of them are behind a paywall. None of them have been deleted. I leave every episode. You can go back if you have a a couple of weeks off this summer. I don't even know how many hours that would be. I mean probably somewhere in the four hundred spare hours probably around that length of time you could go back and listen to the entire Sam Roberts wrestling podcasts slash not sam wrestling catalog. They're all there and much like other moments. In the last four five years. This moment is certainly a document in the changing wrestling history and it's really really really interesting and it's really fun as a time to be a fan <hes> speaking of being a fan. I've been a fan of a guy named stokely hathaway for quite some time or at least Oakley hathaway is the name that I've always known him as stokely hathaway he got his start ring of honor but he rose to prominence and gained awareness through mostly his work in evolve most recently on the independence he started doing stuff with beyond beyond wrestling but he really built a significant name for himself on the independent wrestling circuit and on social media as a wrestling manager and in the two thousand tens approaching two it doesn't twenty being wrestling manager and feeling relevant and new and feeling what's next is not the easiest thing in the world but stokely hathaway has managed to pull it off as very happy couple all months back when I found out that stokely hathaway much to my surprise and that's no slight at him was on the list of recruits for the new class of annex t you go back a couple of weeks we did a bonus podcast with Riddick Moss that was brought to you by Robert Strauss at the same time that Robert Strauss was brought in stokely hathaway was brought in as a manager for annex t now at the time of this conversation his official annex t name had yet to be announced so at the time of this conversation. He's simply known as the artists formerly known as stokely Hathaway as his career next W._W._e.. Continue <hes> <hes> his name change and and he will evolve into the performer manager representative that he was born to be now you know I it was great eight to have some time to sit down in the not Sam Studio face to face <hes> with stokely hathaway and kind of learn about who he is where he came from how he got here. What is goals are how he got into this world? Did he grow up a fan. He always WanNa be a manager D- what any study in school all kinds of stuff basically if you sat there and you follow him on twitter and if you don't you should because he's a great twitter follow Lilo. There's been a series of videos most recently in which he scouring the annex t roster and locker room trying to find out who stole his C._D.. Player no I'm not using that colloquially is in like Oh. It's just as no it's C._D.. Player he's got an Ashanti C._D.. And a couple of other CDs and he wants to listen to them and at some point he I blame the street prophets who claimed no knowledge of set incident but he's got a series of videos looking for for his C._d.. Player and asking annex t superstars and coaches either for help or if they had any involvement in the theft but he's done a lot of original sketches that each she puts out on twitter he films him he gets the performance around him to participate in them and then he posts them and they're just hilarious and it's the type of thing that really we should see more of you know I've always been an advocate for superstars is utilizing their social media you know I don't think I'm not a fan of there being a disconnect between the character on TV and the person on social media. I'm a fan of of that crossing over because as a fan you don't turn your Phantom off after the shows done you know as a fan you want to keep going with the story in and wrestling for better or worse whether you're happy about it or not is the most unique form of entertainment in the sense that people don't turn off the characters like if Bryan Cranston were tweeting Walter White on a regular basis you probably think that was weird but but it's more comfortable and it becomes more believable to see Fin Ballard tweeting fin ballard than if he said like Okay Fin Valor exists on Monday night raw and I'm just going to tell you what's going on in the life of Fergal Devitt now. I'm friends with Kevin Steen like you don't want to know that as a wrestling fan you don't WanNa see it. You don't WanNa know it. It makes it easier to get lost in the show. When you don't see the real people on social media you see the characters on social media and I think there's example Zampa after example of storylines being heightened by the performance using social media to get the audience involved and that's stokely hathaway does even though he hasn't had almost any T._v.? Time he started a tiny bit of ATV time as the as the tournament is the breakout tournament is progressing at the time of this recording but he's used social media to really kind of create a buzz and help the next audience define who he is and I think that's only gonNA continue once he starts to really establish himself on television my guest this week sitting down with me in the not Sam Studio face-to-face Ladies and gentlemen the performer formerly known as stokely hathaway the not sam wrestling interview for the first time here on not same wrestling doing it the proper way in the not Sam Studio Ladies and gentlemen the man formerly known in some lives as stokely hathaway. What's the hats man was going on? What's going on with you? I mean it feels like you're the man with everything going on right now on me. I mean I'm trying. I'm trying <hes> you know. It's a lot going on in the next world the next breakout tournament yeah which concludes in Toronto Toronto Yeah so I've had my eyes on everyone well. It's amazing what's going on with the annexed he breakout torrent because I feel like and we've talked about this before like every takeover special you're going and this is GonNa make years. You're looking at these generations of annexed classes and you can't believe the talent and you feel like okay. This is a moment like annexed is having their moment right now and all these moments eventually pass because people are GonNa go to the main roster and then it'll be the Monday after wrestlemainia or just maybe some random Monday and the main roster will come in and grab all this talent and you'll go okay so next to you had their moment but then you don't realize what's in the chamber yeah and I think what this tournament is doing for the first time is going to everybody. Look like I understand like we've been going off of what we've going off over the last year and a half or so and it's been the best the products ever been but ta look at these eight guys and it starts yeah. It's incredible and they're making everyone week by week. Yeah I think age regards is a perfect example. <hes> just take his pants off. Yeah I mean I wish I could do that. I'd probably booed but right. You might be arrested. Probably you don't know but but with Angel they all love them and it's about opportunities same thing thing with swerve and Cameron Grimes. It's the opportunity is there and it's up to you to just take advantage of it and do you look do you so you're such a unique position right because for the longest time W._w._e.. Me Aside from maybe Paul Heyman was manager free and for the longest time outside a W._W._e.. For the last three or four years you've been making a name for yourself primarily as a manager on the independence attendance so before any of this is happening before any of this is happening with an x T. Do you have like what are your goals in wrestling because it would almost I feel like be unrealistic to sit there and be like one day. I want to be a manager major in W._W._e.. Because I'd be like have managers w w what are you talking about man I mean it's funny because all my close personal friends told me that W._b.. Would never be a goal of mine. Well not a goal but they said it would never be attainable. These are the people that you love them as the people you count on though if it was three or four years ago it was just impossible so when I first started out it was just a break into wrestling. I'm I'm type person to where I make goals every year. <hes> is not a long-term goal is just let me see how much can push this and move forward so at first it was just to be in wrestling just doing whatever exactly right just being a part of this thing yes yes. It's hard as this. You know there's I'm sure hundreds of thousands of wrestlers but how many actually have a name or how many can someone you know <hes> say at a show right and the goal is to be like a household name but at the same time you can still be in India name right the name the wrestling fans no is is a huge leap from the average performer right exactly right so the second thing was just to have an Indie name and that came with evolve evolved was was really the showcase that brought me up to I would say wrestling stardom so to speak gig sorry Gabe gave me this opportunity and I just took advantage of it and that was the major thing and even when I was in evolve there was some moments to where I thought hey like. Maybe I could make it to Debbie. Maybe it is a possibility right and I did access and that was two thousand eighteen so that was last year and I went out there and that was probably the most nervous I've ever been because I didn't. I think I was given given my actual promo. Maybe like ten minutes beforehand and I remember pacing back and forth and the bathroom and a funny story I don't know if he will remember but pacing back and forth <hes> and I'm just reciting the Promo <music> over and over and over and I look back and Mark Henry is in the urinal taking up like three of them he just looks at me. Walk up by that time it's time to perform mm-hmm and I was walking back and forth and I was with Chris Dickson and Chaka and normally they're not nervous for me if there's a promo but they were very nervous and I'll never forget jock looked and said hey man. Are you ready for this and I said Yeah and then I had to start the promo behind the stage and so as soon as I said the first word you just clicked and as far as I know I went out there I killed it and I think that's what helped me get my foot. Ah into the door but then I didn't hear anything afterwards and so I think it was December and by the time you know again I in April. Two December has a long time and at gotten into the point to where I left evolve. <hes> I was doing standup on the side just for buzz and it was something that I enjoyed doing and then I started wrestling so I figured I needed to do something to help. Continue if that buzz because I think the hardest part about wrestling is everything goes in cycles <hes> and the hardest thing is just to keep that bus going right. That's why I started doing the stand up and the wrestling and then all of a sudden he's that was like what you're doing stuff for beyond that that period yeah yeah yeah and that kind of in March I think Russell Nick Gage Russell Chuck Taylor but this was crazy stuff like me wrestling ricocheting page at all for one and like hardcore man Canadian into a door crazy stuff yeah but I just got a call in December and it was hey are you signing where and I was talking to a few companies and I said well not now and then it was triple. H is looking for managers. Do you have you can send him just out of nowhere I was oh. Is that a bar I was at a bar. This is a Tuesday in New York. Get this phone call and then it's a tax them like yes sure and I didn't really believe it right right even then yeah even then you're not because I mean think about it. You're so far removed removed from the idea of I'm going to be managing the W._W._e.. Do you're having hard-core Matute bricky chain page. That couldn't be more different like it's almost like you said you know. I can't just keep being an indie manager because it doesn't lead anywhere so I gotta start doing doing other stuff of little. Did you know they're sitting there going like Oh. He was really good manager and it's funny because New Year's Eve I was doing beyond and Typically Thatcher pulled me aside and he sat me down like a child and and said hey you have to stop wrestling you. You really have to stop which it was baffling for me. Why did you think you had to stop because it was not good for your health because it was not good for your brand because I mean I will take this as a compliment? Yeah I don't think he minute as like a backhanded compliment towards anyone else or towards me or or what I was doing but he said I was to talented to Russell right that I was such a good talker and I was destroying join the image that I had spent years making I mean it goes back to that like Paul Heyman e C._W._a.. Of thinking where you completely hide the negatives and do everything you can do accentuate the positives of course now. You're in this position where you're so trying to figure out what to do next that you're doing stuff that you're not that good at and less of stuff that you are really good of course was working because it was such a freak show right the see me Russell right against Nick Gage right in a handicapped match. My partner is chopping Gresham. That's the most thing ever Russia's on the side laughing like his <hes> his arms across and it was a spectacle yeah so so in a sense it worked but he was more so worried about me being hurt right so it was strange. I couldn't argue who's going to argue with Timothy Batch so the plane was stopped anyway after that and I sent my highlight reel and it went to triple H in January so I am actually texting with you know the the liaison <hes> between me and tribulation everyone else and I'm at work. I met my row job. So the first text I get is oh they love it. I'm like okay cool. Turn a phone over the second Texas <hes> Hey hey. Would you consider moving to Orlando. I'm like Yeah Okay and then third Texas. Oh what's your email address. They're gonNa make you an offer. That's all one after the other half together in one day. You're sitting at work. Yeah this one wow until at five o'clock wow and so again. I don't believe in have a conversation with <hes> talent violations. I get that initial phone call and then the part that really worried me. <hes> was just the fact that there was a background check. There's a medical and you have to be in in great health to work for Debbie and rightfully so of course so it's everything is running through my mind. I'm like Oh did I not get this vaccine five years old if I can give everybody in the locker room polio what's going to happen here. Just all these dumb thoughts are just going through my head and so I think I got the initial <hes> full offer. I think it was the end of February now. I hadn't quit quit my job yet because I thought it was going to fall through right so I gave them two weeks notice. The first week was me me. Actually there in the second week was me working remotely because I had to move to go in Orlando Orlando. This is actually happening yet and even then I'm just waiting and waiting waiting and then I think it was the morning of I know it was the Friday before I get an email telling me the old they forgot to run a blood test so had to do that the morning running up and you're going like this is going to be the test. This is GonNa be the test that goes like now. We can't this yet so I did the tasks of course clearly everything was fine and then our report and that was that bits even to this day when I walked into the P._C.. I'm like you know is this is for real yeah and you and you kind of that feeling of like okay at some point. They're gonNA figure out I shouldn't be here and they're gonNA throw me out. The door like these weird to walk into the Locker Room and Adam Cole and Johnny Gargano and Matt Riddle Yeah talented the people sitting but I mean it's just this horrible who talks for a living. I did like what you do. It surprised me though that you you participated in the combine watching you on that rowing machine like again just wanted to prove that you're like hey man. I'm athletic to know that couldn't prove that was let it right but I think I had to. I think what I I sign. I think there is a misconception that I was just Pingyao at the P._C.. Right okay. I'm doing everything everyone else's doing right and I thought that was an opportunity for me to show that I'm that I'm I'm committed to doing this and you're there were exactly exactly and honestly I've gotten in in great shape doing the combine and doing strength conditioning and everything else has actually helped me bond with other people in the locker room yeah because it's mutual will respect yeah I think if I sat on the sidelines and said hey because combine was optional but it was it was one test for me and to is it was to show everyone that I am here to do the work. was there something comforting in knowing that like because imagine edgy get the offer and you're GONNA go down there and locker room and everything and you go. Oh my God. I've been in wrestling for so long but I'm going to this place where I don't know anybody and then you realize that as you're looking around it's like I kinda Yano everyone I've known these are all the people that I've been working but last four or five years or so in different incarnations or whatever and the kind of cream of the crop has all arrived right here it was wild and the locker room was just so welcoming just the people that you'll never expect in fact. I guess like you've forgotten. It's like they're oppression. Say this but they're like the nicest due to you looking for manager though yeah it's possibly that's possible I mean I can't I can't speak to everyone else but but they've been extremely nice to meet and welcoming and and to me that that means a lot 'cause I was just a new face. I was just to do walking in right right but I think that you know I mean. I don't know I feel like there is a a goodwill toward you in the sense that people are aware aware that you've been in wrestling for as long as you have been and regardless if you're in the ring or managing like I think everybody's kind of acknowledged that you're really good performer true but I think regardless of where you go when it's a new place you have to prove yourself yeah yeah okay okay yes and that was my mentality yet. I know nothing I know a little bit when he gets my job to learn the devotee system and how they want me to do it and that was challenging. I mean that was my first two months. There is to take the independent version of me and make it the Debbie version is not an a hat to look at it as <hes> not not not from a selfish standpoint just what I want to do and what I thought was funnier or whatever it's what can make the most money for a deputy my career. What do you have to offer this bigger product like how at not like? How do I go out there and make myself the biggest thing? How does how does how does what I do? Fill a puzzle piece in this bigger picture of everybody making the W._W._e.. Into a bigger thing and I mean that's no different from working at any other company wrestling or otherwise like when you work for a company the reason the company's paying us because you can add value to the company. It's it's a relationship. That really worked for everybody and to make money but it's it's. It's funny. A lot of people don't they don't look at it like that and I think the one thing that really helped was the C._d.. Player bit. I thought I was playing with fire and then all of a sudden triple Leitch mentioned it on a conference call and it was how he'd liked different people making their own content and honestly it it strange way. It helped make everything bigger. I know some people on the main roster solid I know some some of the writers saw a lot of the talent saw it. You know it showed that I can take something so dumb bright and small that I created and I made something just go for weeks yeah yeah. It's still going kind of months at this point. I think it started in April or something like that and it's just this long threat yeah I mean. I don't think I picked up by the C._D.. Player until way later and like I saw the but I saw the first tweet because it popped up in my time line and. I had missed it. The first time or whatever the reason popped up in my time line is because everything's a thread yeah so it was one of those things like you find a show on Netflix and you go. Oh my Gosh I can binge. Watch all the episodes right now version of the wire exactly yeah. You're like yeah. It's a bummer that the shows off but I just found this thing I can watch six seasons right now. Horse yeah absolutely now I wonder about the content that you do because like I mean even for me part of probably the most for me anyway awkward awkward or uncomfortable or probably the pleasant part of doing this podcast is reaching out to people and saying hey we do my show. Hey when you my podcast. Hey you WANNA come to my studio. Hey you WanNa and I always think about you and the fact that you have to go up to people like even something his silly which I thought was hilarious as the coming to America bit yet says thirty second video but like I'm thinking about it and I guess it start thinking about it from a producer standpoint for whatever and I'm like there's like eight people in this video and they're all playing specific roles than each one of a matter and I'm going like all everybody in this video had did not only agree to do the video but you had to sit down and explain the vision to us. You know what I mean. You couldn't just be like Oh. We're GONNA do this thing and you do whatever you want to do. It's like the the comedy will work. You do this and you do that and you do this and you not only have to have the confidence to ask them to do it and to explain the bit idea and everything but that is actually gonna work because if it's lame that's on you. Yes I mean that that's always been the big hurdle so the first returns asked people I think the funniest one was <hes> Shayna and asked her and she didn't get it at all. 'cause that's the other thing people have to protect what they're portraying a television like chain of as there can't be goofing around about a C._d.. Player most dominant women's The champion of all time but of course keep that in my everyone is in character even myself if I have to make myself the butt of the joke with video that's cool too but I told chain of trust me. It's GonNa work so we filmed it. She thought it was kind of finding when we filmed it and then once that's I put it together because I did it right when the show was going on she died. When are you going to post it? WE'RE GONNA post it to where I was intimidating. I'm like listen. I'm going to post it. Timing matters to yeah earned the goodwill of anyone in the locker room because they know that it's going to be funny right so even with the coming to America video I pulled everyone aside and I said hey have this idea and even and Chelsea and Karen there were like <hes> okay and so it just it blew up of course I don't know what it is. I'll just wake up and I'll have this video or this concept in my head and then I'll try to flush it out and yeah but for the most part it's it's I would say eighty percent Improv. Wow with everybody involved video so you're I mean that means you're bringing out like probably talented. People didn't even necessarily know they had like comedic Improv. I don't know if take credit for that well. Maybe I'm getting credit. Now you're probably right but so. When did you find out that it was like the desktop was being well received not just by fans but by the office by the locker room like that okay? This is actually thirty something because I would. I would think that that's something you're a little bit concerned about that. You know the fans are going to dig this but like if everybody around. You thinks that you're douchebag that wasn't the intention was just in passing. Just people saying Oh hey that was funding more it. It being shared in my group chats or I think once I noticed that people on the May roster started to pay attention. I think the most eye opening thing was big. E tweeted about it <hes> and he tweeted. I hope Stoke hathaway gets. It's a C._d.. Player back it really has spread right right especially because be become king twitter so it's like okay. I got the cosign from big good to go and to me. That's that's when the ball really really started to get rolling yeah so when you see when you start it when you start in wrestling the I kind of big thing he did ring of on right <hes> and you did two years with them when you leave ring of honor and you just kind of venture off into the independence. That's gotTa be a pretty scary. Everything is a manager because it's one thing for a company like ring of honor. The thing about being a manager is I mean every any company has like quote unquote managers but there could just be some random guy. They're doing bobby Heenan Spitzer whatever's but like to be an effective active manager you have to have storylines built in and you have to have people that you manage every single show and there has to be this sort of you know regularity to it right and so with ring of honor that would that's something you could do because their shows every month or every rebe three weeks wherever often they were running and it's like there. Is this storyline going when you off into the independence and you go woman to be a manager I would imagine that's gotTa be free scary because you don't have a homebase anymore. It wasn't it was not scared. It wasn't so maybe it's like a sick intuition that I have always had but when I was in honor I didn't really do much griots not a slight on them. It's just I think one I wasn't fully prepared for the role that was put in and two there was no real real opportunity to to grow as a performer right so they're so wrestling heavy anyway. It's like you know and at the time there was like six or seven different managers <hes> and it was just a lot everyone was trying to vie for for that spot and had the chance to work for evolve and I was pretty much given an ultimatum ring of honor or evolve and so I chose evolve <hes> and I knew that if I would've stayed in rhythm honor I I just would have been there there would has been no opportunity to become stokely hathaway or two or to even be sitting here it just it was one of those things to where I felt like. I like. I need it to to do the same thing we've leaving evolve. One thought it was crazy but I I knew that if I would've stayed in evolve and this isn't a slight on Gabe or or anyone there I wouldn't be sign right now. Eventually you have to just and I hate this phrases so cliche but you have to bet on yourself and say hey you know what these all my chip's GonNa throw him in the basket and see what works I see. What does it become a thing where like okay? I've been in a certain place for so long that like okay what I do is now. I don't want us to take him for granted but it's like it's defined. I'll say that like what you do is defined so if you want to keep doing the exact same thing over and over again. We'll keep you forever. You keep doing that but there was. There's no growth of course right but with evolve there was there was nothing else for me really to do you think it was. I managed T._J._p.. <hes> and the whole point point of me being involved was the help him look like a star for the cruise away classic so I did that which Gabe loved <hes> and then it was a transition period because T._J._p.. Left and I remember Gabe asked asked me hey like what would you want to do next and I pitched us and I thought he would say no and it was a manage Thatcher <hes> so I wrote up this whole thing and it was about it's it's our couple right. He was this depressed champion who wouldn't even carried the belt because catch point inhabit there were bullying him so me being piece of garbage that I am I would manage him and our carry the belt narcissistic I would love to be the all champion right and it just worked and that lasted. I think maybe a year and a half <hes> <hes> and so I managed the vault champion with the Mike Seven eight months right being there right and then it was the tactic championships and then I think cashpoint had two or three rains with that so I had done almost everything there was a do evolve uh-huh and I think gate says it all the time you know sometimes it's time for you to leave the territory and try something different. Is there more of a worry when you leave evolve because you know there is I mean you end up at access to do that. Show there's a cooperation you know you know triple h William Regal Oh you know these is our on evolve. If of course W._W._e.'s aware of everything on to some degree or another some less some more but we know I mean you know evolve is going to be on the W._W._e.. Network we know that the stuff that happens in evolve there is a direct act path to the theoretically to W._W._e.. So to leave is almost like okay this. I'm leaving that. I don't want to say easy path but that kind of pat that's already been walked as well at that the time this was last year yeah one thing that I don't want to be stuck and I didn't it was it was really clear what the relationship between evolve and W._b.. Was I see and I wanted to be signed. I didn't want I see I didn't want to just workforce evolve which that makes sense. I done it already right. I was ready for for the next chapter so once I left. That's when I said all right I really have to move forward and do all of this stuff and to make myself a star and that's why I started doing doing the stand up and right right right wrestling inches all just kind of just just took off from there and yet I mean I you can't really say enough about timing right. You know you can't really put your finger on Wednesday the right time to do what but but things tend tend to happen I mean the timing worked out perfectly my last match and beyond which was the main company that I was working for Andrew a wrestler. It was against Eighty Kingston so the storyline which we didn't really get to finish was the fact that I left evolve and I was going crazy. That's why I was I was wrestling and so eventually I was losing my mind right so when Kingston beat me that was that was it that was my last match and beyond right and he just power Balmy on a bunch of chairs and Tim yelled at me afterwards. It just went away yeah did you how did you did you garner new appreciation for hardcore wrestling when you started doing more and more of that stuff. Did you enjoy it on any level. Did you say to yourself like Oh. This is why should have been manager. I mean no. I I had a lot of fun. The only time when I was like Oh like this really sucks was the match against ricky shame page and this was maybe the first three minutes yeah I was up top ready to hit the Canadian on him and he went to slap me but I turn my head. It was like split-second he caught me in the ear and then it was a silence your thing so the eardrum just completely ruptured and that's right at the beginning of the match Auber I did a dive and then I went back to a second I've and there was a huge miscommunication for the second dive. I thought he was just going to hold the chair up and drop it and catch me. He thought I wasn't going to die all the way way so he swings in like a baseball bat yeah and I have the clip on my phone calls me and he hits me so hard. I flip mid air accurate share back. I saw it must look spectacular. Yes but that was a moment to where we're just. What am I doing with my life right? How did I and the crowd erupted and I was fine actually doing this? They like this. I promise you there is more stokes to come but before we do that I wanna tell you about one of our most loyal <hes> longest running and favorite sponsors of course I'm talking about seatgeek seek makes it easy in a world where it is becoming more and more difficult to figure out exactly how to get tickets to your favorite concerts sporting events wrestling wrestling matches comedy shows Broadway shows whatever you wanna go see. There's a million places to get tickets. You don't know if they're authentic. You don't know if the deals good. You don't always know what you're getting unless you do it. 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Yes just for listening to not Sam wrestling ten dollars off your first purchase. All you need to do is use promo code download the SIEG APP Today Use Promo Code Sam 's A._M.. For Ten dollars off your first purchase that's Promo Code Sam ten dollars off any tickets to any event that you want now. Let's get back to stokely hathaway so let's say you don't get you know the call when you get get the call. Let's say you don't have that conversation with that or do you feel like it would've just kept going. Do you feel like there is the possibility that you start dipping into death match wrestling and things like that like how far do you think you would've taken that thing well. The plan was and maybe maybe a handful of people know this. I actually was going to W W in February and I was going to train for two weeks and that was going to be kind of the last hurrah wrestling because I'm be learning from Walter and Thatcher and then the whole wrestling storyline would have ended in March and I had arranged to where I would have transitioned back to becoming a full-time manager. I got you so there was there wasn't exit strategy yes but at the same time I had another offer on the table so it was it was a really weird time from December two. I would say February yeah lot going on so yeah. That's so interesting way. It's only three months but it's like like like that must feel in your head like it's such a long time because so much stuff was in the air and so many decisions are getting made so much happening yeah. I was stressed in my in my apartment here. The lease ended the February so that's like real life telling us you know. Let me stay landlord our endless I paid. I think it was two months rent <hes> the stay for another month because I didn't know if I could pull on moving in time and I'm insane. I'm not GonNa just pay you to a month like that's insane why you one month's rent for saying among it was just insane. No I know what it was. She would have kept d security security deposit if I would have stayed in charge me for for that month's rent and so that was assigned from God just to make a decision right away and just to leave all worked out. Have you and I'm not GonNa ask you mentioned any name so you can feel free to be honest <hes> if it's not the most positive thing in the world but have you had instances where you know as a manager. Your job is is to get other people over but a lot of the fun stuff is yours. You know what I mean a lot of the stuff that interacting with the audience a lot of the Mike stuff like that's yours. Have you had interactions with people who you are assigned to didn't think they needed a manager or didn't yeah of course and how do you handle that like how do you because you can't sit there and person the show yeah yeah yeah. That's my response rice. It's okay if you don't like it happen. In evolve uh-huh it happened I would say maybe my first year of doing all these different. It was a storyline of me trying to figure out who to get again because at your went with with Walter it was like this really weird story to where Walter took Oh my client and I was extremely hurt by and there were people who I don't know if you remember the thirty for thirty that I did a lot of people didn't want to be a part of it that that was actually the first video giant video that I wanted to make 'em people people just did not understand and SAR promise game and Sal said listen just trust me to to do this. It's going to work and so I pay for that out of pocket and so there were other people in it and yet they just said no we think stupid or they had other weird demands and how they wanted to change it and I just said Okay just did it myself and it turned out better that way and then of course if later it was all man look I wish I would have you know like maybe next time there's no I don't think so oh yeah and it's weird if you may have deleted a lot of those tweets but if you go back and look at that time period if there are tweets still up that's when I started changing a lot of the graphics and promotions to to me being the focused as opposed to pushing wherever you or yeah yeah but I thought there'd be a lot of pushback but it worked but I think there is a balance with INEX- teed when I was with lots of read <hes> thing to where it was. The both of us wasn't doesn't just stokely at the way it wasn't. Just you know what other name I was using the time. It's it was me Brockton really. We're a duo like we're a squad and you know if if there is someone who says I don't need a manager it's okay. This is my job. I still have to collect the page. That's not on me. You don't have to tell me that you don't need a manager. Tell the people who are asked me to be your manager. Yes and that's the promoter but for the most part even before I left for anyone that I was paired with they enjoyed Loyd it because a strange as it sounds a lot of times. I had a bigger following whoever I was managing so it actually helped a lot <hes> the Christian Kosovo was in limbless. That was someone that I said okay sure they wanted me to manage him and okay. It's my job to help get him over not just at limitless just overall on the Internet and and in wrestling in general so when you get signed and you go to Orlando and you're in annexed tea and you realize like okay it take how how long does it take before you start to settle and go okay. This is I'm here. I think maybe just settled in a few weeks ago really because every day is different yeah of course is different and for me. I think if I get to settled I don't I don't ever want to get comfortable. Of course I know for some people that's that's a good thing for them. Yeah me no. You'd like to stay on your toes yeah yeah every day I walk in. It's just that I don't know what I'm walking into right good way. I think we had <hes> this was the most surreal moment we had a show for the P._C.. Sometimes we do the internal shows and triple. H was there undertaker Batista. You look around and it's like does it. mm-hmm yeah say the wrong thing. I'M GONNA forget my Promo. It's one of those things you really have to be on your game twenty four seven. How much time did you spend figuring out the difference between talking like you and talking like wrestling manager does because I still L. to this day? Watch people do promos and it's like you know people who ask for like they think that they need like these long promos and then they start with like well. Let me tell you something well the thing about it and I'm like I've seen and this is like before. We even know what this thing is about. I've seen it all ready. I know the cadence. Yes I know exactly rhythm in which you're speaking like. I've seen this thing before. How long did it take you to not go okay? I grew up watching wrestling managers. I'm GonNa do a wrestling manager thing and just go. This is what I do. I'll be honest the main the main influences were probably black comedians. It wasn't now granted. I watched Freddie Blassie. I watched the brain Heenan Paul Heyman and everyone else Gary Hart but it was Bernie Mac was Robin Harris. It was Martin Lawrence. <hes> I studied the way they talked and that was oh okay. That's how people relate late they right someone. That's that's talking like a real human being right and those are the guys by the way that have the ability to stand up there for sixty minutes ninety minutes plus exact and get you for the entire time exactly and they were put in any role they could do tv uh-huh they could do film and they'd be the most hostile standup crowds of course in the world jam that if you did Def comedy Jam Sunday you were solidified as a comedy great and Robin Harasses One of my favorite comedians maybe kids is probably like my favorite comedy album and so it was a lot of that it was a lot of that humor and getting that that rhythm of the cadence down and that's what I try to us and then relating relating it over to a Wrestlemania of course and it's been working it's kind of strange to say but I think and I will say even when I got to annex T it was still an adjustment as I still have to <hes> throughout how to do it for for their crowds yeah yeah I mean crowds that understand like you know it's like humor and speaking in an entertaining way like there are certain cadences where people that are familiar with what you're doing are instantly going to be like. I know what he's doing. That's funny like I like this and people that are from another world completely are GonNa go. I don't get this what's happening of course and you have to find that middle ground of going. How do I just make it so that everybody gets it <hes> but I think that's why I'm grateful? The fact that I everyone has to do this but some people start out on on T._v.. Right away darted doing the whether call the coconut loop <hes> so we're somewhere in Florida every single night <hes> and I had a long conversation Smith we go about it. He said that it was okay to fail. I can I can try something different every single night. It's an issue if I fail and I keep failing over and over and over but if I'm trying to figure out my rhythm in my reuven and who with this new version of of Stoke Hathaway is supposed to be <hes> then that's okay right what does what the shows are for right. I mean and that does go back to stand up in the sense that it's like a stand up. The doesn't bomb is not a stand yeah like you know what I mean. It's expected and you get when you get comedians around each other the first thing they start doing his telling stories of colossal bombings when they're just going and you know they've been doing this for thirty years and they try something new and they get in front of an audience and it just is dead in the water watering. You go okay different in my head yeah yeah. That's a different deal but you're right. If you're on live television it's not really an option. Oh that's it. That's it and the good part is we have writers. Yes so in a sense I've been extremely blessed. Thus far that when I worked the coconut shows the will give me bullet points but I'm allowed to write most of what I want to say now and I will recite it and I won't rehearse it ah for them and they will give me the okay. There's minor tweaks here and there sure but it's like you said earlier just I I learned evolve. Keep a short <hes>. I don't need a six minute promo to introduce myself or anyone with it's you give me sometimes I'll try to in my head. Say a minute and then when you pause for the audience reactions or just little things that happen in May go two minutes and a half but that's the perfect length yeah yeah I mean word economy is a is a is a toolbox toolbox that a lot of people leave behind. It's pretty valuable yeah especially when you're dealing with live audiences they're they're. They're wrestling at the end of the day of course I mean and if you're the third promo of the night you're really tough spot because they've they've heard one version of this. They've heard another version and then by the time you come all now another one right. Oh it's your job to keep them entertained and not make them resent the fact that they're listening to a third promo. So what wrestling did you grow up watching. I so I started watching. It really weird time told this story before but I didn't. I wasn't a fan of rustling grow up yeah. I have a broken dodd here because I like you're such a fish to water with it. You would think that it's just your brother. We're nine years apart younger and he was a big wrestling fan so I didn't really get into it until this was probably mid attitude era uh-huh so for me it was also I was in high school and and I'm trying to figure out what a Rudy bucaneers my God yeah like cleaning. This guy has eyebrow flipping everybody everybody off. I don't understand stuff disrespectful. It was such a disconnect for this doesn't make any sense I was reading marvel and X.. Men and everything else and so it wasn't until Sports Guy Legit you're comic book comic humble convert and stand up comedy. That was your extended comedy. Okay that was it. I remember sneaky and Dave Attell C._D.. You know because my parents would have been horrified that was listening to but I started watching it with him Evan. I'm like Oh. This is great. These guys are are assholes and they're literally doing whatever they wanted to do and it gave me a gave me like a weird sense of self confidence too because I'm like if they can do that then I can do that right and then I started watching it and then how I really got into it. This is a real crazy part. I was in Grad school because I want to be an actor uh-huh so everyone had to do like a thesis project and I'm trying to think the breaking point was someone did it was a C._S.. Lewis <hes> he did one of his place and it was the most horrible thing I've ever seen in my entire life you who directed a player you in a play they chose both else else through so I was home and then I think it was it was a ring Amman or d._v._d.. I think it was seen punk. <hes> the best of Saint Paul Okay punk versus. I think homicide WHO's watching. I'm like you know what this is an art form clearly but in my mind like something just click storytelling starts to click in the narrative the whole thing the structure of what's going on you email my professors and I'm like hey have this idea and they all thought I was out of my mind. I feel like that's how a lot of your ideas start yeah and most people roger going yeah. This is so stupid. It makes no sense. If you WANNA flock you already paid us. Thousands of dollars doesn't matter whatever so I trained to become a wrestler and that. I was how I wrote my thesis and so I originally trained crazy story with Mike Quackenbush <hes> so Azzaro and Sarah D._R._A.. The Windsor my original trainers with the intention to not be a wrestler but to write a thesis pieces on the price and I remember I did that for four months and I remember saying I'll be back and they don't yeah okay because people were just quitting left and right right. I'm sure they thought I was the last person because clearly you saw the combat. You can imagine what my first four months arrested traders. It's not like some of us are blessed with athletic. Some of us are established from a young age that I could not be a professional in ring competitor. I just didn't I don't have the D._N._A.. For you know I get it. Just imagine a turtle with broken leg. That's probably the most accurate dismiss but you can't even get the momentum it'll legs but they did because they helped me right. The paper interviewed all of them I and then I graduated and I came back in the next year and there were shot to see me <hes> and then I kept doing the professor think they loved it. They did yet. They loved it. They thought this was the greatest thing ever so I turned it in. I remember I sent in a copy to Cicero and I think the one thing that he said well. Sudoku thought it'd be longer than I continue training and then there was an opportunity so you continue training just because now you kind of fall in love with yeah whoops. I thought this is just the thought that was just doing this for a project and now this kind of you know just paid all this money to be an actor but whoops. I just fell in love with wrestling over here and I couldn't stop it was it was probably one of the most difficult things that I've ever done but for me. It was just just ahead to keep going because I I was surprising myself. I could do my first Ford role and not tear my quad. I was like Oh right. You know it's progress and I can actually see yeah and so I just kept doing it kept doing and once again. I guess I guess in the acting world like you could be the greatest actor in the world but so much of it is just like. Is this the right project. Does this audition work. Is Today your day like there's so little to actually quantify whether you're doing better or worse yes but in wrestling like especially because you are non athletic to begin with like when you start being able to do athletic things you're going. I'm getting better yes yeah and it feels good. Yeah crazy. You think too is like throughout the whole period all my actor friends were were broke. They were dead broke so I was slowly becoming more successful and also making money and wrestling which for all intents and purposes like it should not have happened right. Hey all my friends who are doing off Broadway Broadway. They're broke right now. I mean I'm sure if I know actors to. They're probably going like how does twitter followers. Hey how'd you those people on Instagram like you know what I mean. They start realizing there's a little following even in the very beginning beginning like the following obviously grows tremendously but when he I would imagine you start to grow this following yeah and people that I mean at the end of the day there's a few people that wannabe actors for the craft but most people want to be famous yes and when they see this happening they're like Oh. was He doing yeah yeah but that's what that's what helped me get into stand up as well. The fact that I had this following I don't remember I did busted open and it was to advertise my first comedy show and he's all of these wrestling fans. I'm like Oh wow like I. I think you know that that you may have support or or fan base. That was the first time that I really saw it and it actually <hes> Mitt something more because it was something outside of wrestling and half people come to see me do. Could you support you the grant. It may have been to see me fail. which was you know? They were all their George Annella. was there the fact that you know he came to see me. Do Stand up. Just I think he had broken his leg so he's on crutches ages. You know coming in to see me before him yeah and it was it was why yeah yeah. It is kind of nuts. When you realize Oh my God there's people who support me yeah yeah like I guess I should keep so? Do you have any does any party though like the deeper you go into wrestling go you know my passion was acting acting like I don't or or once you locked into wrestling. Is that passion kind of locked in I mean I think I'm doing it right. Have the best job ever I think I'm doing both I view wrestling as performance <hes> at least with with my part so I have to get into character and so it's it's when I walk out there. I am a certain way when I leave a certain way <HES> and I'm sure you've noticed like the person that you see in these videos and on and on the shows it's it's a completely different person in person man i. It's something that I get into and it's it's an art is writing for me. I'm sure some people may be offended by me saying that but but that's the way that I can. That's the way that I can the <hes> trumping of the right word. It's the way that I can make everything successful for me. Get it through that that Lens right and and also like you know you should be apply when you get a set of tools. You know that you would get a Grad school yeah. You should be able to apply those to the things that you're doing if you're sitting there and you're doing you had to Grad school right now. You paid a lot of money. Grad schools not cheap and you're doing a job mm-hmm and you're realizing nothing I didn't Grad school applies to this whatsoever. You gotta be sitting there going like why why waste all that time and money right stopped at the highest level as it because I think I'm probably one of the few people who actually went to Grad school doing what I went winter Grad School for everything that I've learned <hes> from vocal techniques to stage combat to production values to just just everything has been used in wrestling. Does it bother you when <hes> people in the acting world or in the arts communities don't take wrestling seriously not really because I think is one of those things where it's it's. It's hard for different forms of entertainment to appreciate one another <hes> so for me as us. Whatever you know Yeah Yeah Yeah? It's on them. Yeah yeah that makes sense does about him at all so now that you're signing everything you sit there. Sometimes maybe you're doing this before and cry. Do you watch do you watch the main roster shows or even annex t shows and start fantasizing about like Oh. They paired me up with that person they pair me up with this person like Oh we could do some there. We could do something here like those thoughts. Go through your brain not really. I tried to watch raw ron smack down to a five live exceed U._k.. I try to watch everything with the Lens of everyone that I'm watching on T._v.. And Around T._v. for a reason so how can I up my game to reach their their level. I see that yeah. That's the first thing that I have in my mind. It's not really like a fantasy booking thing because I don't think that I'm there yet and even if I saw something great like I couldn't be like Oh. Hey you know what me me and brock. I think I think that's I think that's all I think the thing with that your work and that was odd. Couple of Brock also would be odd together so I think you ever think we should do it and I mean I know ball now. I've heard you're making some decisions so maybe I take over no okay what happened to remember his name yeah signed and everything yeah you more drawn on that for inspiration of going like like wow how these people are excelling at what they're doing. Yeah Kevin Owens has been a huge help since since I mean years ago but but especially now and I he's one person that I specifically watch because he's so good good at what he does and for me. It's like that's that's level of of Promo work or just just even just like his facials like his body language like that's. That's the level that I need to be at so when I'm watching these shows rose is really to to say to myself okay. How can I take something that they're doing and and try to not not copy of course not not emulate but but they're doing something how can I how can I find my my tricks and greater or you know my little my little quirks that can show on camera that can make me adobe superstar so we were talking about managers and stuff you brought up not just kind of the the the the eighties classics that Bobbins and Jimmy Hart for you? Were mentioning Gary Hart. You're mentioning all much of people there when you started to really dive into wrestling because it was later for you. Did you just go back and start consuming everything you think you had to you because one one big thing that try not to do is I will watch it but I can't watch a lot of it at at one time because I think we all have the habit to kind of like copy order or to pick her yeah yeah yeah yeah so even even with Paul Heyman I will watch him but I won't watch a lot of Paul Heyman at one time because I don't want to a promo start saying my name is Blah Blah on my clients. It'd be so easy because he sounds so good and that's his thing yes says thing in unless those paying tribute to him but I think it'd be highly disrespectful to to do something like right so for me it was you know unless I was specifically assigned like I worked for <hes> one company at this point and I was I was I think the the second Gary Hart like this kind of what they want me to be so of course I'm going to try to pick up little things because I was specifically told us what they wanted me to do but for the most part it's you know I went back and I and I saw okay like this. Is this says what manager is supposed to be. Yes so you know let me let me try to figure out my own way about <hes> about doing what do you think sweet and sour Larry Sweeney. He's one of the best yeah I mean. That's because I was thinking about you today and I was like who does is if there was any comparison draw from and I. I always think that's high praise I know I know it probably uncomfortable for you but that's that's where I started because I often think like how far could Larry Sweeney of gone I mean I think he would have been signed. One hundred percent one hundred percent. I think he might have brought back managers years. Yeah I agree with you one hundred percent but also it's funny that you said that it's I think you have to give credit to Zelina Vega and also behind him to drink maverick. Yes yell so Lee Rush Rush because yeah absolutely they ushered in this this new era of of managers in dividend and all three of them are so I mean they just became so undeniable. Yes that you you're just a immediately. I mean Zelina Vega from Jump Street was like well this is this is like a whole nother. It felt like anything that got thrown at her. She was GonNa make better like I think she's incredible watching drake. You know kind of come on W._W._e.. And you'd go I didn't I did not see that signing happening and then you're going like okay for five live. I get it and you watch him become like a highlight of raw his killing. It's amazing. It's amazing what all all of those performers are doing and so they ushered in yeah this this opportunity for me to just gets on yeah and I appreciate it and it's nice to that that I feel like as a W._w._e.. It's gotta be nice for a person who's in the position that urine. I do feel like that as W._W._e.. Is kind of slowly bringing back the role of Mandra because they're not managers. Everybody's got different titles but actually liked it. Everybody has different titles because I feel like back. There was a time when it would just be okay. We have a bad guy. Let's put him with some manager and we'll just do it like this. It's a formula and now it makes sense like there's a reason it's not like Zilina. Vega is just this evil woman with this stable of bad guys yes should this is my client. I am business manager of this person. Paul Heyman is not like here's the Heyman guys yeah. I'm hearing advocate for Brock legendary hire me to advocate for him and I feel like the same way you know you're you're in a position where you know that once once you you find exactly what your niche is going to be. I think it'll it. It's GonNa make sense. We can have faith that it's GonNa make sense. It's not just going to be a manager for the sake wake of being a manager that I'm just a guy right yeah right and that's and that's something that that we've been working well when I say we me and everyone on on the creative team is how to figure out how to name me and I came up with with with something and and I think it was a hat to it was one of those things where and I appreciate this. They didn't get it at first so had to try it on different live events and they got it and I I would make videos and send it you know Senate to them and then they kind of got it and then slowly but surely they're like Oh. I know exactly what this is so hopefully it will make it to an x t but it was one of those things it was you know let's let's try to figure throughout something different to where I'm not just a e manager I mean even then you probably go back into Grad school because what actor doesn't put themselves on tape to audition yeah. It's the same literally the same thing you have to the one thing it's crazy. The one thing I was told is when you get to W._b.. See you don't have to worry as much like you know you know. Get rid of the indy hustling mentality but I think it's complete opposite yeah. Is he complete opposite. I will film stuff all the time I will film videos from PROMOS. I will come with ideas and not in a in a pestering thing but it's me going. This is what I have to offer funny. I can be serious acting aloof. You know all these different things because that helps make their job easier yeah and also also lets them. There's no reason to take for granted that they know everything that you're capable like that would be pretty egotistical on your part. Just be like WanNa hear yeah. Can you just look at me and tell that I'm great at every like you should know I can do all of these things yeah. What do you you think please and if they don't like something? Okay cool drawing and I think that's what the has to offer. It's like you're back in school like rice your job to train and learn and come up with ideas. It's not you just show up. I'm here. I got my contract. Put me in my spot yeah yeah. No you have to work for yourself. Yeah Yeah and that's the way it should be. Do you have his facial expressions in the mirror. I used to not as much anymore because you got your got him down and you've so so you've had how does how you work with memes. Do you have a folder on your phone full of memes. Do you have all your references that are just in your head and goes in my head so you go. There's a scene in a movies and this would be great spot for this scene for this person going <hes>. Do you know how many times this is before. I got signed of course I would just Google Kooky from New Jack City. I can't do it anymore now. You can't buy go-to. I'm like Oh. This is a really dumb Sir yes because yeah I'll sit. There and I'll go like I wonder if he has a special folder for just replies. Do you have a facial expressions folder. Now you know yeah it's it's I would say. Maybe I'm trying to think the last time I look I think it was like five thousand images just my twitter folder and how just go on just what's appropriate appropriate favorites some photos favorite it and I'll just go back and just like where some people like my phone. If you go through my favorite you'll see like a whole bunch pictures of my kids. You see one of my daughter's just for you but you're crushing it the game so it's like you know obviously you're doing something right. I hope so you know nobody told me to stop yet. Yeah Yeah I also I mean your do you feel responsibility to keep that sort sort of pop culture education up-to-date I mean I feel like you have to. Although you never very smart thing by leading into like nineties yes nineties culture because it's like that's again it just like the facial expressions that's blocked in your good on that yet but I still feel like you do bear certain responsibility to have an awareness that other people don't need to have <hes> sometimes I do think it is my job to be entertaining. <hes> and that's one thing that kind of struggled with this. It's and I'll be honest. It has been M._I._T.. Entertaining like we'll take away from whoever I will become on x t television because they weren't taken seriously because they're waiting for like army reference or something but I think I think it's all about finding dining that perfect balance. Yes why that's why I've changed some of the stuff that I've put out there <hes> in hopes of leading to that too that direction but as far as like educating people yeah kind of like today it was the anniversary of paid and fall. I re tweeted that because most people would have no idea like the coming to America. It's just stuff is in my head and I'm like well. Why not share it with the people who follow me because I'm guessing that they follow me because they have similar interests right so or at least like you referencing all that stuff yeah so? Did you grow up watching a ton of movies too I did it was just pop culture non-stop non-stop yeah. I'm the same way that's why I sit there like every single reverend intimate Yup Yup Yup Fantastic Sanjay Dutt. He told me one day he was like dude. I just I love your twitter. He was like how old are you okay. You're that checks that's about right that was twenty one or something right right on research back and tried to pull out no I could tell because some of them like I'm like. This isn't a retro reference. This isn't a reference because this isn't something people talk about him yeah. This is something you only. We had your head. If you're alive at the time yeah visit like all remember like nobody says remember this yeah but it's in your head yes so it'll be there all the time all the stuff that that most people would hate just yeah in my brain well that's fantastic. I feel like we could do a whole `nother show on Comedians and movies and whatnot and at some point we will <hes> but I appreciate you making the time in of course this has been great <hes> pay now or you're gonNA. We'll do like probably cash APP. What about cash type thing 'cause I'm well? I'm not like super liquid now okay but I have like <hes>. Take them that monitor. That's scrutiny news now but I have. I have a lot in <hes> like van Mo- do bitcoin actually I do then. We're okay because a lot bitcoin. We'll be. Thank you very much man. I appreciate it of course thank you for having hey guys don't forget if you're looking for even more content from not sam wrestling the place to go is Patriot dot com slash not sam wrestling become a not Sam show for less than one dollar a week. Think about all that you get you get bonus audio shows all the time you get the podcast early you get the podcast ad free. If you WANNA go up to the video tear you'll get videos early of every interview we do. You'll get videos of every state of wrestling. You'll get videos with the bone shows you wanna go up another tier. You're going to be able to watch the state of wrestling live every week. You're going to have access to all of our live. Bonus shows like po shows and things like that you can get exclusive merge you can with every not here. Every single tear gets access to the not sam wrestling discord room. It's the coolest wrestling place on the Internet. It's a great community of wrestling fans that are all wrestling fans. None of the complaining none none of the nonsense just cool wrestling fans twenty four hours a day seven days a week in that discord room and the only place you have access to it is it Patriot dot com slash not sam wrestling become one of the great sign up at Patriot dot com slash not sam wrestling today. It's now time for this week's state of wrestling state of wrestling time here on not sam wrestling. You know we do each and every week on the state of wrestling we countdown the top five stories according to yours truly the last professional broadcasters Sam Roberts and we count them down in an order that I pick. Can you believe it waterworld that we're living in and what a lot to go over this week. I guess we'll start with story number five. You've which I mean I guess technically I could've lumped four and five into one super category but I figure Kinda just go by. <hes> kind of go chronologically story number five is going to be Saturday. Tonight is going to be evolves tenth anniversary show and is going to be a fight for the fall in the W show that was on bleacher report live the fight for the phone was another free show much like fighter fest was and it is the last eight e w show before the big all out pay per view so I guess we can start with with that show. I don't know how many people watched it or any numbers like that but we really don't do that stuff on this show. You know I think with each show a W is definitely starring to establish their brand more and more and I think that's a really good thing you know. I think it's GonNa be a nice way to have at least a little bit of Foundation Asian going into the T._N._t.. T._V. Show there's a little bit of company history when the show starts I do. I am still a little bit confused as to why there aren't more elements on the show you know I do feel like for for instance. The main event great match codeine Dustin versus <hes> the young box and there were these allusions to trash talking that had been going down on being the elite. I don't understand why I like the there is kind of a references to being the elite. I liked it. There's a coordination that the storylines happening. I'm being the elite crossover to the goings on a W. I think that makes sense and in keeps everything a little bit cohesive but as somebody that maybe doesn't watch being the elite every single week which I think are going to be a lot of people especially when you're on TV. I don't know why there aren't video packages kind of showing like before for a lot of these matches. I think we should have some video packages showing what's happened on Youtube that we may have missed what happened at fighter fest. I'm sure there are people there were watching on Saturday. That didn't watch fighter fest. I mean and vice versa but you can't show packages ages of shows that happened in the future you can show packages shows that happened in the past. You know I think it would just how tell the stories and help familiarize even even as big as devillier nothing was. I'm sure that what the Internet buzz that he w has around it that there were people watching fight for the fallen and it was the first time they'd ever seen a w so I do think that Awa is is like I said they're building the brand and they're establishing pushing what it is. I think so far every show is a home run when it comes to matches when it comes to actual wrestling matches. You can't really complain about A._W._S.. Shows you're gonNA see great matches. I mean look at the talent that they've got. They know what they're doing. I just <hes> breaks down to the storytelling you know is is explained to me kind of what's going on like let's see some footage if you're going to do media scrums after every show which I think is a good idea idea. They pop up on Youtube. You have an A._W._S.. Camera back there. Let's see footage from the media scrums on on every pay per view. Let's see footage from being the elite. Let's footage from the last show. Let's really start to AH show. What we're building showed US show you know? I think that I think Canio Megan Sima was probably the best match on six-man tag was good. You know everything was really really solid on on this show. I think it was cool that they had they were outside and had that amphitheater. Look going. You know something different <hes> yeah. I mean it's tough. It's not a show that you can really complain about. It was a good show so I just wish number. One stories retold number two. You felt like the accelerator was being pumped on as you pushed into all out you know I understand that these shows are really more live events and really more warm-up shows but you know I think if you had treated boat this and fighter fest a little more like a big pay per view then people would just get more and more excited about these shows you no so yeah. That's what I think <hes> of course <hes> librarians were still part of the buying and there was a youtube clip of <hes> the young bucks acknowledging how they're getting booed booed but how they're trending and it Kinda goes back to the conversation of go away heat versus real heat. You know I kind of air on the side of real heat Israel heat. If you're getting booed then it works. You're a good bad guy except ebb. The librarians are a little weird out of place when your brain in your promotion around the the sports in the athletic element of it and kind of getting away from that more character based but we'll see we'll see I mean I think that we also to be a little bit patient and and seeing how things pan out <hes> I and you know and I still think that there are new promotion that needs to get their production work down. Pat You know one thing that you can see from watching both evolve and from watching a w is that you you should be able to take some time out and really compliment W._W._e.. On their post production work on on on on all the production elements and and how how smooth there live shows work of course they've had years and years of experience and they put on so many shows every single week that you know it's second nature to the people doing it but if you look at at fight for the fallen annual look at evolve one thing you can say is that nobody is even close to W._W._e.. And production value and A._W._S. is putting money into that. They're still not close and evolve is even less close but you know evolve isn't really in the conversation to to be close. Evolve as an independent organization. It's a small group. They're not they're not proclaiming themselves. As a national promotion. One thought was interesting about evolve on Saturday first of all also a really really great show. I think my favorite match on evolve was probably drew. Gulag versus Matt Riddle just to be able to see drew dulack show the world and show a W._W._e.. Network audience who might not have known before what he's truly capable of and for the catch point group off to be shown the way they were shown. I thought that was super valuable. That was really really good. I was surprised and I think ultimately pleasantly surprised at how little the W._W._e.. Had to do with producing that show that it was very a very clear that W._w._e.. was really just a distributor that it was it was it was an evolve produce show called as he Paul Heyman do his cameo at the C._W.. Arena that was really cool but it looked like it was a show that that evolved had produced and I actually think that for me as a fan of the indies that added to it you know if I watched an evolved show and it was super polished and had a W._w._e.. Sheen to it. I'd go you know it's cool that these guys is our on T._v.. But this isn't really evolved this is a W._w._e.. Show that evolved guys Ron you know I think that the Evolve Championship Match Austin Theory J._D.. Drake I think that that was really a spotlight and that was I think we're that the fact that this is the first place that we saw Austin theory on the W._w._e.. Network is going to be a trivia question. You know I think Austin theory much sooner than later will be on the W._W._e.. Roster and is GonNa make a big impact you know I couldn't believe when they said he's like twenty. One years older ever young he is. He's super young which I didn't even know and it's just all upside with him. He's he's he was amazing to see and I can't wait to watch him develop in W._W._e.. Where you know I'm sure he's not only going but he's GonNa? He's GonNa do extremely extremely well so yeah. I mean you know. I don't think that you would compare evolve <unk> at eight W W positioning themselves is a national if not international wrestling promotion with big money behind him and evolve is what evolve is is an independent group that the W._W._e.. Sees potential in in terms of <hes> helping find the next great talent you know W._w._e.. Marked evolve publicly as these spot where the best of the best independent wrestling takes place but it's still independent wrestling. I think it's a win for her for the industry when you see a truly independent wrestling show on the W._W._e.. Network this is something that's been talked about for a long time whether you know a tears will eventually be introduced whether other promotions catalogs will be produced. I will be shown W._W._e.. has a ton of content on that network from <hes> promotions that are no longer active. They just added a whole bunch of C._W.. Shows I'm still waiting for born to be wired to be added. I don't know if it ever will be main invented by seibu versus Terry Funk in the barbed wire match but the minute born to be wired is added to that network please. Somebody sent me a tweet or something because I can't wait but you know they've all the old territory stuff of course W._C._W.. Everything from A._B._c. w you <hes> but to see an active promotion be represented on the W._w._e.. Network is really you're really seeing the W._W._e.. Take shape as being what I believe it's wanted to be and that is the face of pro wrestling and that's that I think is the one of the bigger things that he w presents is that it is separating itself and saying W._W._e.. Does not represent pro wrestling and at the moment obviously they're right because they're going to be on T._v.. But ultimately we'll see where it lands story number four is extreme roles extreme rules went down on Sunday. I thought I thought extreme roles was actually the best show of the of the weekend and I might be biased but I thought extreme rules was a very very good pay per view. I thought it was certainly better than than the last pay per view yeah I thought it was. I thought it was quite good. I thought the brock listener cash in was well done. I thought there were a lot of surprises Nakimora winning the Intercontinental Title A._J.. A._J. Styles when in the United States title New Day winning the tag titles I thought was a surprise seeing Daniel Bryan. Get pinned like that. You know I thought that a couple of things so as far as the cashing goes I heard some people saying saying that was some will thinking that it was going to go different way first of all. I'm really glad the brock listener won the Universal Championship and I'll tell you why it has nothing to do with Seth rollins. It has everything to do with the integrity equity of not only brock but the money in the brain bank briefcase. You know I think recently there have been a lot of failed cash in attempts in son of some of them get wonky. I think that everything that happened. Braun strowman and the cash in AH BRONX ROMANS RUN as as the monster in the bank did not do any favors for the money in the bank briefcase if you're GONNA give that briefcase to somebody as big as brock listener and by big I mean not only in stature but in importance for for lack of a better term <hes> you gotTa have him win. It and I love that this time even Paul Heyman said it was going to happen. He also said that he could be lying so it was almost like those frustrating strating first few weeks when they kept teasing that the money in the bank briefcase was going to get cashed in and then it didn't those first couple of weeks it made it worthwhile there was a payoff. I think that we were all getting a little bit frustrated rated because we're used to them the felt like they were sort of. Just teasing that the money in the bank briefcase was going to be cashed in for ratings and then it wouldn't happen but in reality long-term what they effectively did was they created raided a scenario whereas an audience we were going yet. Paul Heyman said he might be lying and he's lied before the and he's lied before part is super important because we've seen the money in the bank briefcase be promised and we've seen it not surface so you know I I liked that that it was it was teased and there was doubt over it <hes> and the fact that he cashed in. I think is a good thing. We're going to talk about summer. Slam later on so we go too far off the range so I'm glad you know some people. A lot of people were saying that I'm surprised Becky Lynn low blow listener interfere something like that which I'm glad she didn't because I wouldn't have wanted a and I wouldn't have wanted set to beat brock again again in a wonky whe you know I wouldn't you already hit broccoli a low blow wrestlemainia. It wasn't the closing move but he hit him with a low blow and I'm so tired of good guys winning. The title with a low blow you know Saddam is hitting people steel chairs bears. It's like you gotta be able to against all odds still fight with honor. If you're a good guy champion and I think having becky interfere on sess behalf and having Seth beat Braga Eisner that way would have been a little bit too much so I'm glad that happened. Some people were even saying the Becky should've turned on south like so stupid. Please stop suggesting that because Becky's not turning heel becky is is the top good guy. I women's wrestler in the company. Okay like W._W._e.. Went for W._W._e.. I believe before last year summer slim was clearly angling to have Charlotte. Be The top good a guy in the women's division and Have Charlotte Ronda Rousey match happen at Wrestlemainia the W._W._e.. Listened to the audience and they changed plans and they went so far as to not only have becky Lynch who who was turned on Charlotte when when Becky turned on Charlotte last year summer slam that was not a Machiavellian move that was not some move where they were like okay. We're GONNA Turner. He'll but we know the fans are going achier for her so in reality no they turn in my opinion they turn Becky Lynch. He'll and the fans reacted out of the fans reacted and the W._W._e.. Reacted to how the fans reacted. It was exactly what we as an audience have been asking W._W._e.. To do for years at this point they did it with Becky Lynch not only did they turn her into a good guy and acknowledged are cheers not only did they put her in the main event but they put their person who they decided we're going to be the good guy and they made are bad guy. I mean listen to Charlotte up to smack down this week. She still a bad guy so the idea that they would turn becky now is like what are you want. What do you want to for W._W._e.? Listen to us make becky the top good guy in the company only to turn her again and then who's going to be the top good guy in the company. Who is the top good guy in the company of not Becky Lynch specifically in the Women's division but you could make the argument that Becky Lynch's the top good guy in the company in general maybe behind Roman? Maybe not there's a reason why sat around wearing a shirt did says the man's is man. It's very progressive but if becky were deterrent he'll who you replacing her with. You'RE GONNA make Charlotte a good guy trying to make Bailey the top good you've already tried right that stuff and I'm not taking anything away from Bailey but clearly there was an organic bill to Becky so to ask the becky turned heel. I think is ridiculous. It makes no sense you know A._J.. Styles win in the United States Championship. I think it was a surprise. I think it was cool. I do hope that ricochet gets his revenge but I like the club being together. I think and not really the reason I like the club. Being together is number one A._J.. was getting tired is a good guy and number two and I don't mean physically tired. I mean I was getting tired of him and number two you know getting to see Galveston Anderson in a good spot again. Just brings a smile to my face. I wanted to see see Daniel Bryan and Rohan hold onto the tag team championships for a little bit longer but clearly there is something else in mind for Daniel Bryan which I am very optimistic about and you know the visual of seeing the new day dripping with Gold is nothing that I'm here to complain about <hes> whatsoever ever new day always been good is taking champions and as far as the intercontinental title goes because that was the other point of contention that a lot of people had of course it was decided during the kickoff show is a ten minute match. It was Nakimora Mora versus thin Baylor and people were annoyed that it was a short as it wasn't people were annoyed that it was on the kickoff show. I don't think that that's as much an issue it. It's okay if it's an issue. Don't get me wrong because I'd love to see those guys go in the main event for sixty minutes. I'd love for that to be an iron match. I was smiling. You should see me. I was at the kickoff show desk and when by the way when the camera goes back to us at the kickoff show desk and I am smiling ear to ear at Nakimora hackamore winning the Intercontinental Championship that is not a put on whatsoever. I was so excited and shocked to see Nakimora win that Title I was pumped for it but realistically you gotTa put another match on the kickoff show right and that match being on the kickoff show was not for me so much an issue with this show as it was with the last several months right at least the last month or two Nakimora an fim ballard both have been doing nothing really since one the Intercontinental Championship. What has he done on smackdown? Nothing what is not a more have been doing nothing. They had one match on smackdown. It was a great match. Nakimora won the non title match. It's GonNa lead to people wanting to see that match. I didn't even think what's going to happen at the pay per view at all until I guess they announced it day of but it's not shocking did that match would be on the kickoff. Show it is shocking to that match would be on the kickoff show in the sense that it is a main event anywhere in the country in the sense that if you if that match happened at the Tokyo Dome at a certain period of time it would be the main event but now you got rumors of Fin Ballard taking taking time off. You haven't been using him Ballard Nakimora on TV. It's not a main event match because of the stories that have been told and W._W._e.. And I'm not saying that's positive or negative I'm just saying that is not a criticism of the show extreme extreme rules as much as it is a criticism of the long-term use of imbalance in Nakimora because based on the long-term use of them Valerie Nakimora those two being on the kickoff show made sense unfortunately like I said Ah if you'd main event of that show with a six iron may match between the two of them with the intercontinental title on the Line I'm buying the pay per view nine times nine times and I only have four T._V.'s three. T._V.'s two T._V.'s in an IPAD all right. I watched on my phone but regardless I only have so many screens and I'm buying it as many times as you can. Buy It. I'm so on board with that but realistically it made sense so that was extreme rules <hes>. I think trying to make sure that I didn't forget any other observations that I had about that. Show <hes> as I was watching <hes> yeah <hes> I don't think show but I thought thought it was. I thought it was a decent show and you know I'm really believing bearing corporate as a main event Bagai half to tell you I'm believing Barron. Corbin is a main event or I'm hooked Hook Line and sinker and one of the stipulations was was that if Barron Corbin and Lacy Evans lose they will not get another shot at Seth rollins and Becky Lynch but I think that gets thrown out the window at least for Barron Corbin Sake because seth rollins lost to break listener right after the match so Barry Corbin can definitely had a shot at brock listener governor and I think if seth rollins to beat brock listener at Summer Slam. I'm sure that you could technically say sense. This is a new title rain for Seth Rollins. That rule doesn't count so much anymore yeah. I'm pretty sure that that's out the window. Lacy Evans is still <hes> stuck in the mud but I think Barron Corbin is good to go story number three this week here on not sam wrestling and on the state of wrestling is the build up to summer slim summer slim two thousand nineteen is happening and after this week on television <hes> we already have several matches big title matches that have been announced for for summer slim. We've got the universal title match. You've got both women's title matches announced and we have a pretty good idea of what I believe W._W._e.. Championship match is going to be the gas right so the the women's title matches and the women's dimensions a really interesting because it's odd summer Amer slam is one of the big five technically one of the big four I would argue the behind wrestlemanias summers claims the biggest show of the year unless there's an a show that's equivalent to or greater than summer slim. I would say summer slams. The second biggest show the year N- Italia is getting the shot at the raw women's Championship and Ember Moon is getting the shot at the smackdown women's championship. I think clearly the W._W._e.. Wants to use summer slam to kind of <hes> build up there women's division and try to let some of these superstars that haven't been shining shine. You know I just last week did commentary for an Italian match on main event and a few weeks before that when I did main event it was an Italian Alya matches well then actually it was the same it was Italian for stamina but to now seen Italian be off of main event and in the summer slim championship match. I guess it goes to the versatility of Natalia as a performer. You know I I do think that they'll be more to both of these women's stories you know I think that Natalia always comes through with a good story. I'm hoping that something blossoms between Bailey number moon. I don't so much want just friendly competition. I wouldn't be surprised if we see a return of Sasha banks either at the pay per view or right before or something like that she gets involved so this isn't just Amber Moon Bailey the two best friends that anybody can have wrestling calling each other for the smackdown women's championship and then the universal championship match is brock listener versus Seth rollins no huge shock there. I'm hoping for brock listener to retain the thing you know I'd like to see brock listener entertainment <hes> and hold onto it. I I think that he's just such a great spoiler such a great bummer when he wins but at the same time you'd imagine he's going to play a big part in October. Whether it's on smackdown or whether it's on raw you know that's I would've thought that brock listener would be on smackdown to tell you the truth just to just a really put that spotlight on the new shows on Fox universal title is a raw property so who knows where that leads you know maybe actually has to lose it by October so you can show up and challenge Kofi Kingston Com October but I'd still like to see him leave smackdown with the Universal Championship and as far as the W._w._e.. Championship goes I would assume and hope that Randy Orton is getting the shot you know I think that you have an opportunity to tell great story between Kofi Kingston and Randy Orton. I think the idea that you can you can play on their history as much as you can. <hes> hasn't really been done. It's been alluded to a little bit but I think you can tell a real grady story like a real story a story that feels real between Randy Orton and Calvi Kingston like let's get into the fact that covy Kingston was supposed to be in this position along timing. Let's get into the stupid stupid stupid Randy Orton thing when Kofi Kingston was supposed was originally poking his head into the main event seen you know let's get into all of it with Kim to y that storyline didn't happen and let's make it real. Let's talk about was randy. Orton holding Kofi Back Back did Randy Orton Kofi wasn't ready and covy resent some for it does rain you still think cove. He's not ready and resents Kofi for you know. I think there's a lot of story to be told there and I'm interested to see how a fleshes out you know as I look at this and I okay those are your four major titles sets versus. Brock is a big match. I mean they're you know but you got set versus brock which is a rematch from wrestlemainia theoretically Kofi versus Randy Becky Iverson Italia Bailey versus ember. I think you're still missing a big match at summer slim. I think you're GonNa see an undertaker match at summer slim. I think we may see a drew McIntyre undertaker match summer slim. I think Summer Slam it's in Toronto. It's the second biggest show of the year I I think at least one more really big match is going to be added to this show and probably as soon as next week because there's not that many weeks before summer slim. Let's get into story number two. which is this week smackdown highs and lows for ashore? I think Kevin Owens has been doing well. You know I think the Kevin Jones has been doing good enough that we really have never had an explanation as to why the change of heart he just kind of dove in and we believe it. I think they're doing a good job. Abbas having the voice of the Fan be part of that show in the sense that they're talking about <hes> you know Shane McMahon Getty's much T._v. time as as he gets you know I think that all things can be forgiven when they're acknowledged and I loved that that's being acknowledged. <hes> you know. I think that the townhall segment could have felt a little bit more real. You know I like that live. Morgan got her shot to shine. I liked the buddy. Murphy got his shot to shine and all that stuff I just I wish that they felt a little less scripted Krypton. I like the angle the Buddy Murphy is sucking up to the boss. I like what live Morgan is doing. I'm interested to see our character evolves. You know she jumped on. She grabbed dumb corey graves his headset off his head and said that when she comes back she's going to be the real live Morgan which I would assume means no more pink hair nowhere blue tongue. Maybe she won't be the juvenile delinquent of the riot squad that she wants was. Although I really like fun sort sort of ridiculous riotous live Morgan so I don't know I don't know what will happen. There had Kevin owns beat Dolf Ziegler. It's really I mean the Kevin. Owens is banned from the building building but here he is now he's banned but he is. He's got a match thing like you gotTa. Stop Banning Kevin owned from the building if he's going to be on the show we've seen it now but yeah I think that smackdown is becoming a really interesting show because it just so many people are getting built up on smackdown and I think it's it's it's pretty unpredictable right now. In terms of WHO's GonNa do white you know and it doesn't feel like maybe a Staccato as it has like you can't it's it's not going to dad died the dot you can't exactly like look at your clock and figure out where things are going. You know I hope that the yeah I think that for the Kofi title you would do a Randy Orton Elias Samoa Joe. Oh maybe a triple threat next week with the winner getting the title shot something like that. I think that we should get to Ryan Promo next week. You know we've seen I feel like recently. We've we've seen the like feels brock listener and the briefcase when Daniel Bryan comes out and then he doesn't talk and then he leaves he's got an we're GonNa hear his announcement and then we don't hear his announcement like you know teasing and then not delivering a little bit goes along way with that so hopefully next week we do get to hear the announcement. 'cause I am very interested in where this thing is going very very interested but smackdown has left me very interested and let's move onto the story. I'm deeming story number. One Ray why it's back Bray Ray Wyatt is back you know I think some of us were worried because he firefly funhouse vignettes had slowed down and we had not seen Bray Wyatt in the ring however he showed up on raw this week I think to universally positive reviews he showed up as the fiend wearing the mass now see that's smart if in Ballard figured out how to wear masks instead of having to paint his whole body every single time he was the demon. We've probably the demon a lot more often but bray Wyatt showed up you know I love the spotlight's in the ring going crazy. The mass looked great. The dreadlocks look great. I thought that everything was very very positive about the bray white return and I don't know if I if indeed in Ballard taking time off. which is the rumor that I read on the Internet today before I started recording this podcast? I hope he makes it to summer slam because I think that he'd be perfect. If he's leaving anyway for a period of time he'd be perfect at Bray. Y beat on his way out. You know a lot that people have been saying like oh bride should fight Alastair Black Bray wired should fight this first bray why that person Bray white needs to fight somebody who is definitely going to be Brian needs to fight somebody. That's a credible name but at the end of the day it's just an exhibition for Bray Wyatt and this new character her so we can really start to establish the fien needs victories so you know putting him with allistair black would be stupid because both of those characters need victories right now putting him with him ballard imbalance going away anyway. I think it'd be very smart because Fin Ballard has a China credibility and to have kind of dominate him as a very nice spot for bray white to be in. I really hope that they bring Bray Wyatt back to where he was at Royal Rumble. It was the one in Philly the Roman reigns one one. I WanNa say Twenty Sixteen was the twenty fifteen it could have been twenty fifteen. Actually whatever it was twenty fifteen or twenty sixteen it was in the Wells Fargo Center and it was this show that Roman reigns. Maybe it wasn't maybe it was the year before he was twenty fifteen. Whatever the peak of Bray Wyatt's career that character was his match against Daniel Bryan at the royal rumble? Look it up either driver twenty fifteen and I wanna say you can tweet me. I WanNa say Twenty fifteen. I didn't know I was GonNa talk about it today. He beat Daniel Bryan at the royal rumble that year and it was great any any felt every bit like a not only a main event guy but a guy who would win main events that was when it was like Bray Wyatt is here. That was the peak of Bray Wyatt for me. I would like to see you get back there. I would like to see Bray Wyatt. Be a guy who you this should be afraid of. The only reason you should be afraid of a guy is if he beats. You Not only scary but he beats you. I watched the new annabel movie Annabel homecoming. I love the whole conjuring universe. I've seen all all the movies in the conjuring universe and I actually think I've seen them all in theaters and I own them all to. I why I'm a horror movie Guy and I love the whole conjuring series here was my problem with Annabel. Homecoming is that it no point in my opinion. Did you feel like the characters were in mortal danger. I know point felt like the spirits that were chasing the characters had the ability to kill the characters and if you're running away from something scary but then you realize does it can't really get you eventually you stop running and eventually when they try to scare you. It starts to come across his silly if bray why can't beat you but he's trying to intimidate you would masks it's silly if gray white can't beat you but he's coming out and he's doing the right thing with the lantern and he's using like gibberish and Mumbo jumbo but he loses all the time. It's silly. It's not scary you know it. It's like you kind of what he talking like that for. You can't do anything but bride why does the fiend and he looks terrifying and he wins and plus now he's all jacked and he wins because he doing the muscleman dance and he beats everybody will now. You've got a guy that you should be afraid of so hopefully that's the direction they were going in with Bray white guys. I appreciate you being a part of this. Show as I always do. Don't forget to check us out on Patriot patriotic dot com slash not Sam Wrestling Watch main event from last week if you haven't already and then when you're done with that check cool lucy of this week's main event episodes up. I'm doing commentary on both and I would really love. I would really love to hear your feedback on the commentary that I'm doing on main event. Let me know what you think at not Sam on twitter. I will see you next week.

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Warren Buffetts epic annual event, Planet Fitness innovative real estate strategy, and almond milk vs. Dean Foods dairy

Snacks Daily

16:26 min | 1 year ago

Warren Buffetts epic annual event, Planet Fitness innovative real estate strategy, and almond milk vs. Dean Foods dairy

"The. This is this is this stacks daily. It is based six and this is the best snacks daily. We've ever whipped up markets. Barely budged last what they were record high for easy stuff happened over the weekend. You got the jobs report on Friday, which was very strong employment lowest rate since nineteen sixty but then yesterday Trump announced slash threatened that China's going to get a whole bunch of new tariffs starting we're talking an extra twenty five percent on those things markets might freak out today. What a birthday present for my wife. Happy birthday, Molly say's day. Maya technically, we celebrated on Sankoh Demayo, aka Cinquanta, Molly. Molly goes way back to our freshman year. Middlebury college incredible story happy birthday, Molly. But three other wonderful stories. We got in the pocket I up Warren Buffett and his Berkshire Hathaway annual shareholder meeting happened this weekend. Pretty cool the burning man of investment events a little bit of Cirque du Soleil in there. We're going to break the whole thing down for you. Like, you're eighty eight years old all my God hit me. What's the second story is dean foods, this is America's largest dairy company? It's struggling it's losing to almond milk. Jack, I've got nipples. Third files story planet fitness announced its earnings its stock is up seventy five percent last year. We're fascinated by everything about especially one thing. It's real estate strategy. We will jump into that reminds us of nature show. Now before we hit all those stories checking we're doing research on boxes. Trying to find the perfect fast food box pet project passionate exhibit A is Burger King. Yes, they just launched last week anti happy. Now, this is not just a dig at McDonalds. They're called real meals, and they're getting it real emotion yet. They're point is that not every day is happy shocker like you have some real emotions, and you can express them in you're happy. And you can't just eat that away with eventually this five different anti happy box. And we go through the colors here in particularly include a whopper a soda and some fries and the first box is called the pissed box. Which in red second is salty. I like how that one's -til curd is sad which naturally is blue this one we're going to pronounce. Yes. It is purple because because sometimes you're pretty the last one is don't give an F and that comes in black now, this isn't just to McDonald's. They're doing this because it is a particular start of very particular. This is mental health awareness month and Burger King is acknowledging that you don't always have to pretend that every day is a great day and that you're happy, but you can express yourself through a nice indulgence with a Brown paper. King all about the fields in touch with emotion. Now, let's hit our three stories before we do. Listen to these keywords. Daily. We gotta get some legal out the way. Rain food is candy. They don't reflect the views of robinhood family. Gist. So. Securities is not a research report or investment advice. Netto security next business. LLC member famous last. For first story berkshire-hathaway just had its legendary annual shareholder meeting over the weekend. And this was all about Warren Buffett's it lasted for three days starting finish Sunday. I'm looking at the agenda here Friday. There was a little like shopping thing. You got to kick things off with that pick up in a cocktail. Everyone wants a nice gift Saturday was all bad speeches and Sunday was a lovely five Katie Chata, and it was some sweat. This is burning man for investment work. They were talking. A lot fewer sculptures less drug consumption, kind of same level of smugness. If you've got to be able to go. So we gotta say that what is Berkshire Hathaway so Berkshire Hathaway is like basically letting someone else invest for have you ever wished that? You could not have to invest in your smart, buddy. Could do it for you? Yeah. You had access to some wonder boy or girl, the wonderboy is eight years old his name, Warren Buffett, and he takes money from investors, and he buys stocks or bison tire companies and then at the end of every year, Warren Buffett and his team berkshire-hathaway look at a scoreboard single scoreboard. It is Berkshire Hathaway stock versus the S and P five hundred and they try to see did we beat S and P five hundred six of the last seven years Berkshire Hathaway stock which you can invest in is has done better than the s&p five hundred which is the rest of the Mark. Now, here's who's at the top of Berkshire Hathaway, you got Warren Buffett legend from Omaha. Nebraska warn and raised eight years old. Oy of the great depression. Then you got his side kick, which is vice chairman Charlie Munger coming in at what age ninety five. This guy was a World War veteran amazing hosted in Alaska, he was a meteorologist there. So these are both self made men by the way, and they built an empire of successful investing. Okay. So out of the three days, we didn't focus on the five K would info on the welcome gift, Jack. And I want to jump into what we thought were the fascinating six our interview with Warren and Charles one questionable investor asked Warren. He said, hey, you lawn musk and tesla they're thinking about adding their own car insurance like branch because they have so much access to date and Warren, basically laughed, and he said that company has no chance in auto insurance. Now, the reason he brought this up because one of the biggest investments. Berkshire Hathaway's made is in insurance. They also owned guy like one third of Berkshire Hathaway is insurance. Okay. So then the second big question that got asked had to do with craft Heintz that's been a hugely unsuccessful investment by Warren Buffett right down the. The value by like three billion dollars. Warren said that was actually a good company, but any investment can turn bad. If you pay too much, Jack wake-up stick down pillow. It's kind of like a motivational thing. You put on the mirror. I think they also touched on Wells Fargo. Yes, big is one of the biggest investors in Wells Fargo Wells, Fargo's become really big investing in scandals and warns response was several years ago. The Los Angeles Times wrote an article, basically illustrating these sketchy sales practices that have caused Wells Fargo all the problems and then verbatim. Warren Buffett said management ignored that article. They should have. They should not have now. This was the big kick. This was the thing. Everyone was curious about Amazon Amazon's Jeff Bezos, Warren Buffett's, Berkshire Hathaway just made for the first time ever this legendary investment company their first investment Amazon. Warren is a simple, man. He was raised like eating corn inequalities. He's doing these calculations. Right. You know, and so Amazon whole business model has been a little too confusing. Little too complex. So he hasn't invested. But warned said Jeff Bezos has achieved a miracle any tends not to invest in companies that require then Warren being worn kicked it up a notch and said, you know, what he would like a blood transfusion with Jeff basis. He wants punch. We wish we were making that up. We're not, but we respect the on. So this isn't the first investment intact by Berkshire Hathaway, they also invested forty billion dollars in apple and they also admitted that they missed out on Google. Instead, they screwed up. They should have invested in literally said that so Jack what is our takeaway for our buddies over? Berkshire and our good buddy worn it's time to start thinking about the post Warren berkshire-hathaway now ages remember warn is eighty eight and his vice chairs ninety five those are the two leaders, and they're both going to be retiring soon, we they've got an army of disciples who've been trained by Warren is a legendary mentor now young managers are the ones who convinced him to invest in apple and Amazon said that that's a sign of the future. But honestly, you cannot. Teach the instincts that Warren cultivated in that cornfield during the great depression for our second story planet fitness just released earnings, but we found a fascinating story in its real estate found a fascinating story about where it's based Nashua. New hampshire. Fantastic. I know this company because of the commercials that say this is a judgement free, fitness. And you're right. It's the kind of gym where like typically go to the gym really pushing to get that extra Repin. You don't need to get that last rep plant just goes get the last set, what are you still doing the explicitly ridicule like huge meat heads who had thrown waits around commercial? It's a great place for socializing. I noticed last month. They announced that teens fifteen to eighteen years old can work out for free and planet, fitness all summer, very nice giving back to the kids. So the company is expanding quickly. They just announced some pretty big numbers last quarter. They opened sixty five new gyms, which is up to seventeen hundred nationwide. Now, the revenues are growing faster up twenty three percent, and they're really really caught onto some pretty Kice. Well, one key thing we noticed is that this wellness trend. We like to talk about on snacks daily. It's expensive. Oh, yeah. It's not cheap those Lululemon pants talk about they cost like one hundred twenty bucks. I'll say you both your thrown back twelve bucks throwing some extra almonds and coconut that's like a whole like lunch for three. That's a budget. You need to allocate now fitness has caught onto that trend. But they're doing it at cheaper priced ten bucks per month is the entry level membership that planet and they've caught on. So well, the stock is up seventy five percent in the last year stock has been seriously blowing up since it's two thousand fifteen now it barely budged after last week's earnings report. So we dug a little deeper and found a fascinating storyline fitness company is indirectly benefiting from what Amazon is doing. Okay. Get this. If you're Google planet fitness new locations using Nick just did. This was classic snack style right here. Found a new location opening up in Rockland, Maine, and I jumped at this story because I bend Rockland. Maine. He's a rocker crowd new Englander here. The ferry takes off divinely. And I noticed there's this JC Penney plaza. It's been shut down for a couple of. It's really big. It's a ghost town out. It's one hundred fifteen thousand square feet and guess who's moving in planet, fitness exactly it'd been vacant for two years. So it probably got that real estate for like nothing turns out when you look a little deeper planet fitness has been doing this all over the place as seventeen hundred locations now, and it's been expanding into places that used to be retail stars that have died in the age of Amazon, basically with the retail Pakalitha. It's opening up new opportunity. Another great example Kohl's Kohl's has average store size of eighty thousand square feet, and they really want to boost their wellness sales. So they're actually going to take a quarter of their store. Twenty five thousand feet and rented out to planet fitness land in his jumping into where the retail Pakalitha says hurt retailing rent for super cheap and Kohl's will benefit because people are gonna grab a protein shake on the way out. So Jack, what's the takeaway for our buddies who are micro benching over at planet, fitness chaos. Creates opportune. Now this business line retail has been hurt badly. But with that big hurt has come a big opportunity. Gyms gyms are coming in and taking up the space that retail use to Ocoee. So it's writing that retail pockets Trent just like it's writing the wellness and wouldn't have expected this for third and final story, dean foods, the United States is largest dairy producer might be selling the farm. I've got some conflict of interest this story about dairy diet. This is hard for Jack. He's sitting down sweating Vermont big dairies day. I was raised by my dad telling me that milk does a body. Good. Jack was baptized in a bowl of like leftover lucky charms Milton. That's mostly true. So dean foods is the biggest milk manufacturer in the US is fifty eight manufacturing facility, that's concerning term, which I think just means dairy farm. So we're across nine states. They make milk half-and-half ice cream butter sour cream. They got like fifty brands that you've been running across in the aisles here. What else they got friendlies is their brand land of lakes butter is their brand love. That Owen their derelict farms the classic. This is all dean foods and back. Surti other local milk brands, you probably know if you're from now, they report earnings later this week, but we did find out over the weekend. In a Wall Street Journal article was that thirty eight percent over the last ten years. That's how much their sales are down. And they've brought in investment bankers, which is not a good sign. They're considering spinoffs or breaking itself up or selling the farm. If a company invites in a bunch of bankers, they're gonna be doing something big. It's either really good or really bad thing. And it's definitely not good for not just like a lunch situation. All right. So we're going to break this down about what's going on with dean foods dairy from the demand side. And the supply on the demand side veganism is not good for dairy dairy. If you're vegan literally conscious eating trends in general. That's not good for dairy either. Because most milk is produced on like factory style. Big corporate sill, you got more people realizing, they're allergic. You got like ultra pasteurized Mel, which basically just means highly processed. Milk. And then boom, you've got the rise of the alternative milks here. Oat milk, which Nick loves almond milk, which my fiance, loves flax milk, which is apparently a thing. I know I would say than any of these milk similar to your baptism demand. For dairy is down as my fiance says no other mammals, drink milks true asked babyhood. She has the shirt for them. Now on the supply side, interestingly politicians, love dairy, farmers at Iowa New Hampshire big dairies to and those are big political states and that has driven subsidies for the dairy industry, but get this. Here's the weird chart situation. You've got demand falling on the one hand supply, though is rising. It doesn't match market forces. But due to the political support milk production has been up ten years in a row in the United States. So Jack, what's the takeaway for our buddies over at dean foods milk, gene, foods, businesses and looking good? But it stock is a pure play dairy investment. Sometimes it's like it's hard to invest in. Trent you see a trend out there. But you can't see a company that just embraces. Here's some trends that you might be interested botox cord cutting autonomous self driving cars. The gig economy wellness brands, there you get sometimes hard to find a company that perfectly fits those things. But here's the fast anything about dean when you look at its business model ninety six percent of it is dairy product. So when you're looking for an investment in your thing and wanna find like the dean foods of Derry, right and dean is all over milk in a way that almost looks unhealthy. Like it's upset just wrap things up for dean. They have invested and they own majority stake of good karma, which is a flax milk company. One of these smaller of the alternative milks kind of the younger cousins. So they made it maybe a little eight Jacky whip the takeaways for. I'm still thinking about a Vermont baby boy getting baptized in whole milk. It's an image everyone. So Berkshire Hathaway has beat the s&p five hundred again last year. But investors are wondering about the post Warren era. We're waiting for invite. But we'll just wait another planet fitness benefiting from chaos in retail. If you see a mall closing it may be getting treadmills and finally dean foods is not loving the milk alternative trend, but it is a pure play investment in Derry and few companies are time for snack today. This whipped up over the weekend. Poza Kentucky, Derby hosts, Kentucky, the Kentucky. Derby is the kickoff of the triple crown horse racing events things going, including if you mentioned also gender neutral, they allow guy horses and female horse. We're talking colts and Phillies, but interesting distinction here between the two the horses. Must carry a jockey of a certain weight now right Colt is a male horse. It must carry a jockey one hundred and twenty six pounds, and for the Phillies the maximum is eight hundred twenty one for their jockeys way less than that they need to carry weights in their pockets because one twenty six and one Twenty-one is how much they must carry now. Pro tip in case, you're thinking of jump. On a horse for one of these things that weight that you'd throw on actually a little less efficient. They say that dead weight is heavier than living dime. Everytime. I've heard that we loved having you guys on the podcast remember to help keep snacks daily growing. You can go down and drop a rating in your tunes fell. Help get us notice. We loved potting with you today. We'll poverty can't with the Robin Hood snacks podcast. You just heard reflects the opinions of only the host who are associated persons of robinhood, financial LLC and does not reflect the views of robinhood markets Inc. Or any of its subsidiaries or affiliates to podcast for informational purposes. Only and is not intended to serve as a recommendation to buy or sell any security and is not an offer or sale of security. The podcast is also not a research report and is not intended to serve as the basis of any investment decision. Robinhood, financial LLC, member FINRA SIPC.

Warren Buffett Berkshire Hathaway dean foods Jack Amazon United States Berkshire Hathaway Molly dean Google Vermont Middlebury college China Cirque du Soleil McDonalds Trump Nick
After The Show 596: The Hustle Podcast

After The Show Movie Podcast

1:10:28 hr | 1 year ago

After The Show 596: The Hustle Podcast

"<music> you're listening to the after the show maybe podcasts from dot com confined this podcast on the i choose music stokes google play youtube voice assistance just say listen to after the show maybe focused and you can also find ace corey dot com where we post written reviews kc the way area hosts. Hey scully on sits. Welcome welcome. Welcome talking to just me or i everyone. I'm talking to three different people. Welcome welcome welcome welcome. Oh am i in that group. If you want our listeners and you all right so what is is going on today before after the discussion was not much movies sex jokes then i be some in this movie be that much you're just doing stuff. I'm doing stuff. I'm here spreadsheet. Let me say before we start this sir review that if you wanna win a copy of the movie review and today called the hustle dot com if you do that before wednesday ah of this week you'll be here in this on a monday you can enter to win a copy of the blu-ray so good luck and congratulations. If you win really listen to the review i well no because you might just want anew blu ray for your collection get. Why are we doing a blu-ray. Don't wanna watch is is that spoilers. None so is saturday august the twenty four th this is after the show five hundred ninety six. Excuse me review podcast. We look at a movie every week this week. We're looking at the movie the hustle so twenty nineteen release actually out on blu ray now it came out in twentieth august so you can pick it up now all copy from our handy. Dandy competition rated p._g. Thirteen and our friends at universal sent a copy for review so said talk talk gives us the synopsis of the hustle and then i'll give you the one off the bucks a remake slash reimagining of dirty rotten scoundrels which was a remake of dirty rotten scoundrels us apparently without first movie at a different title yeah but i mean existed and then it was remade and that was redone throwing the women in the mix here so we're going. It's like ghostbusters so it was then announced. Women female runs and what was the discussion of me before the movie when i saw who was in it just to get dark full disclosure here. Let me say i've got a new four k. Blu ray player on the front on the front page when when you load a disk it shows you the cover of the movie like a pitcher and you look at the screen and said it's not the movie we were watching. I hate that woman <music> hathaway likely what you said. I like anne hathaway talking about rebel well. It's not a fan of rebel wilson now. Don't hate her as a human. I've hated her her onscreen every single time i've seen her once i disagree we looked at all the movies that rebel wilson have been in and you've never watched pitch perfect affect movies so now you actually know her from being bridesmaids is in two scenes of bridesmaids. She made that much of an impression on you. She's in she's fed sit with a brother. Jonah hill did not make impression on me either for many many years so that joe to oh you only after many years and many different roles and a little more effort said well. Just throw again correct anyway. That's what you said so. That was my first thought and i you know i haven't actually given you the. I'll give you the synopsis of the box and see how it pans to sit. Talks said talks was what <hes> female remake button scout care act which is a remake of the movie before that all right is one of the books joseph chesterfield eld brackets and hathaway is a glamorous seductive brit. Joseph josephine jealousy is a glamorous seductive brit who defrauds goal wealthy men penny rebel wilson brackets maasais wads of cash by ripping off her marks in neighborhood buys despite the different methods both musters of the outs of the fleece so they can conman that wronged women wilson's talent for physically early and hathaway wilson's talent for physicality and hathaway's withering wit does that mean a wit is like going away uh-huh shriveling up our combustible combination as the pair of scammers plow all the stops to swindle naive. You've tech billionaire. Alec shop in buckets in this hilarious comedy ruled accurate mine. I'll always i mean come on analysis says thanksgiving dirty rotten men a run for them money anyway. Let me talk about the hostal. I do not hate rebel wilson do hate her. As a person did sainthood watching her. Yes hate that type of comedy right and she personified it fully yes so let me say i have watched iran scandals or more than one occasion in fact. I had to go back march trailer just now to see if i remember i did remember. I view of the scenes but it's been some time since i've seen when you i'm sure i watched it. At some point. I mean is classic steve martin doing his like you know when he was by the jerk by kind of comedy at the time. I probably laughed my ass off why i was young and i wasn't very smart. Let me tell you about offensive martin though the hustle back as when it finished i was thinking this is a hard one to to discuss. I like to describe how i feel watching the movie because it's it's super dopey like the entire time like it's really like kind of dope alie written. It's not particularly. I don't think it's funny a lot but there are some funny parts but most of the jokes mrs for me like i was like oh you know but then occasionally rebel wilson would say something gabriela. Oh that's kind of funny don't know if it would have been better if it was our rated because he could have gone a bit further with the comedy like longshot did that. We watched a couple of weeks ago. You know long shot was actually quite funny. We enjoyed it even though longchamps as an element of doping to also share bombing the comedies right so uh this one just seems extra dopey as you're watching it and anne hathaway super over the top and again that she doing these silly accents and it's almost it almost like it's like monty python imparts. It's so kind of like ridiculous like with the with the housekeeping guy and you know what i mean fawlty towers at one point like one of the scenes. I was like this is so stupid like it's <unk> she's training her and showing her out to throw knives jobs and all that sort of stuff yeah in this james bond ish villains munching kind of thing and it's just like weird and then there's like i love heist movies is this isn't a heist movie though it's more of a catis movie but the con- itself is actually for me. It was fairly interesting and then it what happens with the con. Is it really just like it starts off as a thing and then it ends up is like just making jokes about blind people really like the the whole. Don't forget the fat jokes. I'll get to that rebel wilson's. As far as i can tell rebel wilson's whole like stick is making fun of itself being fought and with physical comedy like slapstick. I mean it's really vaudevillian. Slapstick of falling over are jumping off somethin' and and the other joke that she does is like that. She's not not overly bright most of the time so that's really old fashioned kind of comedy isn't as like benny hill something is really and you know we're just talking about comedy yeah and is that funny. I would say like for me. You know i'm not. I'm not a great fan or anything. I'm sure funds. Uva will love what she does but for me. It doesn't hit every time like she tries to say rude. Things and some of it's funny sounds outlived. You know what she's talking like. She might say something funny like like something. Vagina is she'll say something unexpected and it's funny but then like most of the time it's like seeing a fat woman fall over a thing. It's not particularly funny right said spoken by a man who's married to a fat woman. Tell you to to follow jump. Kick people honest you and that i don't get my feelings are very easily. They don't use a believe me. That's one of those comments you fully accepting that. I'm very round and me accepting that you accept it and using i'd have you follow umbrella time because you're so fat and now i'm not saying you so i own my god. I love it. I love it. It's hilarious. It's just not hilarious that it's still fine. I mean i'm no. I'm not either. I find really offensive still funny sometimes but then everyone has their own definition of what's offensive offensive or what broke at people's like up tightness but this movie's offensive tall really. I don't think like just make his like. It's just kind of old school like his like. It's like an all is well is like the euro scoundrels. It's like that kind of comedy. You go back and watch. The super dated you even from that tralee console. It does agree that if for me. I don't think offensive is the right word but it's insulting as in. Why do you think i should think this is funny that way a lot. I mean there's the rebel wilson is self deprecating not so huma huma and i don't particularly ever find that really funny. I mean there's nothing that i find funny unless it's done with the real delicate balance islands and of course she doesn't so it's the thing though isn't it like india is not sir thing is quite clear. That's the thing because but there there were times where i did laugh. I have to say there was some funny lines and every time a left it seemed like it was an oddly type thing where she say a bunch of different things and and it just sounds funny. You know what i'm saying. I disagree i didn't i'll you after a couple of times to. I have to say yes but not at her. I was very cognizant of what i was laughing at. I'd have to say that ninety eight percent of the time. She wasn't funny one hundred percent of the time now you know what i'm saying. I'm hathaway's like playing the straight woman but it's not really like like michael. Claim plays the straight man in the old navy and steve martin plays like a really dopey opie. Kinda come on guys like over the top they did it. He is but then also outrageous because she's doing stupid accents all the time time it kind of sometimes are insulting offended by her. <hes> british accents abrasax was terrible vote about that. I it was all kind. It's our she's like a con. Woman who impersonates different people obviously to try and comfortable and she's got a variety of personas right and they're all kind of like literally when say monty python you know when they do a german guy and you're like oh. My god don't do is is that that's that's what i kept thinking of. Oh this is like you know again. I'm not a prude and i can take. I'm not i'm not. I'm not german person to be offended by that book. I can sit there going oh. It's a bit like broad. Broad is a good word for the whole thing comedy yeah if you if you think about it early days of entertainment and where i'm going all the back like vaudeville early radio things like that if i was sitting in mid america gotcha where we are listening to the radio one hundred years ago radio was around then <hes> was it yeah just barely nineteen eighteen nineteen. I dunno ben. God now have to look up when radio was on what whatever you're listening then you would have less exposure are to the world you don't not had probably a german person listening next to you or gone to germany or had any one of your friends and family casually go to germany for vacation like we do today and so the con- the you're listening to the fake over the top german accent and russian accents and british accent accent elo cabinet and that to you that it that's just how the people sound funnily enough rebel. Wilson is an australian her australian australian accent sums offensive to me and wrexham. She's a sounds like he's even putting on an accident. I thought she was australian. Such australia really right on the her. Australian accent sounds like ak pumping it is she's doing a bogan. You know what a bogus no no. Did you ever watch big brother australia. A bogan is like a you know like when i was saying the it okay british but like a like low class kind of person okay. It's almost sounds like rebel wilson's point in one of those on to make some funnier or we're saying hang the stereotypical idea of what a lower class person resume again can't be right. Maybe she is. She is a bogan. Are you a snap. Do we have classes classes now. I'm saying that even cheese sounds like she's putting on an accident when she's actually australian right which i think is for effect because it's funny. They don't feel very theatrical like you are going to big play and everyone's just it's a little bit self indulgent the the people making it and doing it and it's all very like you could imagine it on a stage which it probably has been in the past but i mean this particularly. It's very severe all the time. Can i tell you a movie it reminded me of not literally just like getting reminded of it and it was that one with blake lively and ana kendrick that we watched australia the vibe of that movie even though that movie wasn't really accommodate it was like a whodunit kind of think it had that light the french this kind of music in the background on the old credits with light. It looks like an old spy movie and the way it was kind of cheeky everyth- everybody. Everybody was cheeky with everybody right. I'd like this. We had cheesiness to it. I can't remember that movie was called. You know what i'm talking about but it reminded me of that book a comedy version of that rather than usc thrilling because there's nothing thrilling about this one right now i mean the comedy in aspires down to light. I'll give you an instance of i. I'm assuming they think is one of the funniest things in the movie is rebel wilson on these <music>. She's in the ocean and she's on these <hes> budget column jet ski boots flying open there and they lingered on it and yeah yeah no thank. You were supposed to think laris but i was thinking. This is exactly what i was thinking in my mind. I've seen the amazing race. I wonder what they call up. That's what i was. Thank you weren't amused. I wasn't like oh look. I think the joke was oh. Look a fat woman flying through the air that was joke and felt like it and i. I don't know even if you asked rebel wilson. I think that's the joke and she's out like fine up. In the i mean that's kind of luvell of comedy here. Is nothing really super clever. I don't think she falls over now. I mean it's nothing clever they she's training china to be like a con artist at one point and she literally falls over many times jumps overhaul like a gym hall and falls over it. <hes> throws a knife into a thing stops himself. You know it starts stuff fast comedy uneven what's on hathaway's comedy stem from here like just just being just the funny accents and the zones really she walks. She walks weirdly bunch lie. She tries to act overly the sexual to try and get like cohn some guy into fuzzy. So what are you trying to say about this movie. I'm trying to say like i didn't fully enjoy very tall. I would never watch it again. I'm not offended by it but it feels like they could have tried harder. Just veal funny like definitely didn't feel intelligent which i like anne hathaway a lot and do you think she's got like there's something about her that she's very versatile to me of always liked her and i'd like these things smarter. It can be funny and smart at the same time. I mean we watch march lotions eight which was a female lead us not that great not great but it was also half comedy half heist movie but but i feel like an anne hathaway was in it but i feel like that at least achieved like it was interesting like this just even the con <unk> side of this which boils down to them calling this face like the inventor of facebook kind of guy he made an app the app not facebook yeah. He made an app. He's on a well. It's actually like tender yeah. Actually yes like tons things disappear. After a while that issue described it. She's like well you can send insults to your best best friends and they disappear after ten seconds and then hathaway's like would want that i agree with her but the you know so they caught him this young i._t. Entrepreneur guy and that's what the connors and he's not that interesting mccombs not that interesting either is. I mean like i say evolves down kind of goes downhill the come to me and then it then rebel wilson to pretend that she's blind for like a bunch of time in the movie we maybe like fifteen minutes of doesn't save it and it wasn't fifteen minutes and everything is like a blind joke. I mean it's like it's so so it's like ooh. I can't see you know yeah. I can't see so now. I've spilled something on myself and i've touched her and called her amanda. Ah yeah that stuff and there's you know there's a couple of those things that i found funny. Just a couple and that's not what you're looking for in a comedy is it. I think it's because the tension of things is not being funny is pressing so hard against you that when something kind of pokes a little hole in it you're like oh that was just mildly funny to release the rest of my hi judgmental. You know when you say stage play the end sequence with the guy by talking to them. The guy plays thomas. He comes comes up the path and he's talking to them. Oil lodger them likes very old feels. Really a phony and like you know here is a lot about like ways. I don't know who it's who it's four a ed glass jen. Yeah i don't know is it. We haven't seen a lotta rebel wilson stuff so is it for rebel. Wilson funds is a her things things like this more kind of and we not that familiar with her so like we don't get this is if i'm hathaway funds anne hathaway's done this kind of like roll before she's been a bit just in that one saas ocean's eleven yeah yeah and she yes. She did the thing with the necklace and so she even she goes over the top on this possible i oh this is running away from a completely like she she. She's being too silly like it's you know like the accent is of it's silly you know when she's trying to seduce. The guy is just don't be like it's really doping and i was like well. It's not even funny like oh. She stunted on the thing. She's gonna fall off and you know it's like something. From the nineteen fifties you know like oh yeah bewitched but then people do incorporate that in modern comedy and again be fun and it can be funny. I don't know we should all over it. I and i want to say there was some funny things but do you remember what they were. I was struggling a little bit or those. Remember the things that were not one of the funny things was the butler guy where he's like the relationship between rebel wilson and this butler guy and this guy. He obviously hates her her. She's annoying to him and he's kind of sadistic. <hes> i like to that but he didn't build on that joke fully enough. I don't think think that joke was funny and pay off about him like is he. Somebody is your father is he. Somebody like is he actually the mastermind. You know we're doing this woman power thing thing i mean when my mind wanders to all the possibilities of what you could right into the story of a movie that means the story of the movie isn't enough anything else that when you sows trying to find things funny was oh issues twice in the movie i really liked it. Ah but that's it where where she uses the dress to hide yeah now that i like that yeah that's cool that was cool in both instances like it was. Is this the beginning of the movie right at the end of the movie and both of them. I was like now that is interesting and funny. Why isn't more of that because you've used it up. It's gone like happens once that happens again so there's nothing like that throughout the thank you know and they're doing this calm. I think about the less you like it as a couple of twists and turns you kind of know where it's going. I did at least did you. Did you tell me i mean i already knew it was a d'oro scoundrels remake. You didn't until the end of the credits right but i can tell totally what was happening right so i kind of saw where it was going and it really is just that is that you know take the outline from the old movie and it's the outline book the lightly did with ghostbusters. Turn it around female it and that's what it is. Is there anything you liked. I mean like in hathaway still army. It doesn't put me off and i think it looked really nice a lot of the time it was well nice visual feast of places and a little weird c._d._i. Noun the green screen blue screen. Whatever just occasionally which was like did you heard when there was in his garden. He was on the sun lounger and rebel wilson was background was not real was it. I don't think so it looked really weird. If it was it was like i was like that looks like she stood on a green screen because whatever's behind is not quite as attractive as what is the film that in spain by the way. It's supposed to be in the french riviera like the original movie. The book is filmed in whether the doing an spe yorker my arcadia yeah. It's which passes for france anyway. Hey the very close to each other. Is you know sony and there's a lot seen sun but <hes> it's hot is a hard one because i didn't come out of it. You know what we watched hot pursuit and we universally hate that movie. This didn't feel like that though i didn't watch it again you said had no but it didn't end. I go got worst movie of the in my head immediately. I didn't feel like that either because there was some something about until true. The truth is probably hathaway. I you know i don't dislike rebel wilson when she soup bean soup abroad by falling it is forced yeah but then when she get her calm down just a bed and she's just doing like some of the dialogue yeah then she's is fine but it doesn't isn't an i'll tell you the dopey thing about the inci movie donor you agree the whole sequence where she's pretending to be a princess incest. Oh god that was so bad. I thought that was where the movie style to lose me. I was like oh delay 'cause i was i okay. This is like a silly kinda. Come on this movie and that side drop and i was like what is this what gary weird explain what that is associates one of the scams where anne hathaway because she's the beautiful elegant sister cons dude like a rich dude into buying her an engagement it ring desperate in there and then she says oh and what about my sister and she has told them that she's like sixty third in line to be queen. If sixty three people die up for her she'd be clean they buy into it which is also really weird and then she was oh and my sister hortense will love to come with us live in america gar wherever wherever the guys from and they're like okay and then they she introduces them to this sort of and she colder feral princess like she's got mental issues she's violent. She's in this room underground under lock and key and like nasty teeth reagan's e from the exercise and it makes no no sense unless you are literally making one of those over. The top plays where we're watching a theater. Production is a monty python skit. Oh told us elite early. Life of brian is like what the fuck is up almost embarrassed and i thought who's i get it on the set. The director dr all the people all the people the people performing it. They're loving it. It's like a performance extravaganza right in front of their faces says right because obviously they're doing lots of comedy and off the cuff. She's doing all kinds of like. Probably what's it called. What did you say earlier. It's like you know no no script just like doing yes and there are loving it so i think their bias because the right at the moment and then they watch it back and then like oh my god. It's so funny and it's not i mean it's somebody rd one. That section came on. I was like you have a green light. This is just it's just shit like actually was semi plausible to that point and then i was like what is this this like who what businessman's going to dislike james bond mocking land lewin's met and the first one that they did was the guy from breaking bad right yeah then he was like hey hey honey you. Don't you worry your pretty little head yeah. I was like doing like a ridiculous like texan cowboy guy. Yes that was all very strange. Rush and i couldn't believe that it was part of it's just as like edible movie. Yeah i did that sequence with weird feral pharrell princess. Let's call it a federal prince actions. It's a good name. It also doesn't match the rest of the movie never ever knows that we had again now. It's never the same so if there's there's something uncommon uncommon starts you watch it for a little bit and you like okay. This is like airplane is crazy. Anything can happen an any thing can come out of anybody's mouth. This movie doesn't give you that impression up to that point and then that is weird food and then it just goes back to what it was like at the beginning. It never goes like strip and none of the holds are barred yeah. It's a weird. I guess that is that sequence. Sequence stuck out to me is weirdly out place and the conclusion. Was you know we usually style movies. I don't think after conclusion on this swab is also really laying on the also kind of loosely sets it up for a sequel which i was like who hasn't frightened to that. I was like wait. What are you what are you doing. I was frightened too. I was like oh really like yes. They're gonna put some capers but in no thank you i am. I don't think he did particularly well. So probably won't get that sequel. I don't want them to fail but i don't like this movie. No and you know it's often often hard for us. We comedies because i have a weird british humo- and you like very particula stuff right number particular. No i mean this. You liked like like bob's. Burgers is very funny. You know bob's burgers is funny yeah. That's what i'm saying so i like we had stuff too right so often when we get presented with like a broad comedy light. That's all the of the week with them blunkett on it again. Shelley's thrown the long shot. Ah i really enjoyed that was really funny and it was hard to it at a nice message and i thought it was really fun. You also did yeah. I mean you know. This is nothing like that. It doesn't really have a point. Don't really have a message but as of like like rebel wilson falling over if you like that that's what this house is. Anne hathaway doing really stupid accidents rebel wilson awesome doing clumsy stuff anything else like luxurious sets like posh hotels and marinas constantly showing the contrast between the attractive thin elegant woman and her and yes they're styles. Those are very different. Soviet swapped the rolls around. If you think about that way that could have potentially been better. You know what i'm saying. If wilson was like the sophisticated investigate yeah really sophisticated and really pulled off her whole you know that that more elegant intelligent side and anne hathaway away was sort of like the bumbler. I don't know i feel like for me. It would've worked better but so as as a comedy for me. It's fairly floppy. Yeah floppy just like rebel. Wilson flops on the ground falls of many delays another fat check a a joke. It's not really a fat joke is making see she making fun of fat people 'cause she is a fat person or people think that's really funny or is she saying i'm a fat person and i'm not afraid of it and i just do what i'll have a look stupid. I'll do you no no no or is it making fun of. I don't know well as a fat person is on powering. It depends on the situation comedian though a she liked going fuck it. I know you're just going for the cheap fucking joke remain ever everyone's gonna laugh except the people whoever wins says as being too sensitive. Everyone's going to laugh because it's funny to make make fun of fat people. That sort of the accepted social also don't also dumb people. She does that too she does. She's dumb because has the implication issues dumb because she's this fat unattractive woman right. You know what i mean so she's thought stereotype of fat is what she's doing like just the whole current. I don't we get it. I mean i do get it but i don't get it like i do get come lowest common like people who watch the three stooges and think he's it's hilarious when they just slap each other on the head by now that's the level of comedy that makes them laugh who look at him on the head who some shell shell fell and knocked him on the head that we've seen again if you do it in a way that seems to make sense that doesn't even sound right but i can handle it but but you know we watch those abbott and costello movies well like the joke is often way kicks him in the ass like well. That's actually that would be the if you were sitting back in the cinema in the day. That movie came out the whole audience would be outrageously laughing im- kicking him they also say that's the whole thing like seven times during the movie. I guess that's what they're going for like when she falls over everybody's supposed to be laughing but ali really is the question twenty yeah a lot of people will yeah all right so maybe we're just not the target audience but again. I'm not prude crude. I don't have a problem with being open about who you are how you are i mean i'm not at all like it can't hide the fact that i'm not skinny and i'm not afraid of pointing out all the life things that go along with that but making it just blatantly the laziest easiest joke you can possibly come up with doesn't add to a story. This is my problem with it yeah so well. Let's move onto the cast. Anne hathaway joseph ville josephine chesterfield. I'm really like ann hathaway. I always have this is not a finest moment after even uh she just goes. I think 'cause rebel wilson's pretty over the top. I mean an hathaway kinda got into that and went like too far. It does is supposed to be a bit more reserved or whatever but it's just stupid impasse specially that german doctor that she's doing actually the house my favorite character she did. I mean there was some funny ceo after that when they were trying to when she was trying to prove the rebel wilson was not a blind person that whole scene actually enjoyed that father was funny but is very brief not unlike anything she was doing it. We're just stupid. There was like a british. She was doing in the train at the beginning. Which was did you know. She always kept that accent. Remember yeah she did which was never committing to me and i'm not british now. It was just i don't know if she just really over the top in this. She was over the top emotions eight but not quite to this level rebel wilson place penny any roast. Get it pennyworth. We've discussed the we haven't scenery much. You haven't seen in much even though you think you have. Apparently she's a really good stunned comedian. I could see that personally. If you just left to like tell jokes not after here not be physical. I falling rolling over on the stage. Yeah i'd have to hear what the kind of jokes are <hes> but she's also a most people in american noah from the pitch perfect series as a movies which is a singing competition right and she's a good singer so <hes> that's what most people know from think but we never watched those movies so we can't comment ingrid. Oliver plays bridget does yasa and she's like the assistant to. I'm hathaway right now. She's a police officer who she's paid off me as having a relationship with so she can do her scans all of the scout yeah i like her. She killed a captain pantsuit. That was a funny line and she's just like in the background yeah. It's a bit physical. Sometimes nicole nicholas woodson played albert use the sadistic butler. I would always the albert if you think about just albert like from batman is alfred from burma. Oh sorry that's michael. Caine in the michael caine was bringing it around. Bring it around but yeah he's bottlers like this reserve like fuck you to the lady who's in intruded herself which is the young yeah rebel lady when she got hunt super glued to the wall. Don't ask us how the up but he did. That was another bag gay my god there's so many bad bed that we're not funny and i forget them because they're not fun. No i don't even understand that one hung stupidly to the wall and then she asks alba of you got anything to get rid of superglue he already audit and his on and then he put it just a bit too far away from and that's the joke that she and him doing that revealing it and how he did it kind kind of cool that was funny and then instantly it was money. No it's like a falling over joke again. I'll be honest. I'll be very very honest with the don't be honest. There were times when in the skunk me sound like super nerd actually thought i could be upstairs working on my seed spreadsheet a cheat then you wouldn't have got to experience what i'm saying. Is that occurred to me. Particularly the times i was coming up and down the stairs to go to the bathroom because we paused a couple of times. I was like wow i can just go to my computer and have more fun working on a spreadsheet now full disclosure. I love spreadsheets and i love my gardening stuff so i'm making a spreadsheet of gardening stuff and that occurred to me. There aren't many movies that i would be like wanting to jump <unk> ship to me enjoying some things was or i really like this new four k. player at scott better contrast magic. Ah i was getting new player yeah i was looking. I was looking at it. Go yeah the so. Would you say this movie is made for people who watch movies on their phone like while now they're doing something else could work in that respect because you might look at it and get a funny gag out of it and they're like it's on regular. Oh cable and these commercials every five minutes. You just you just see bits and pieces. I'll be drunk and what that would help a lot. Ah i was drinking so it has potential and then finally alike shop thomas westbrook. He's the most like if i was going to cast somebody who was like a guy who made an app. You know like the guy you made. An app. Annie made some money from a guy. I was looking as vice going. Oh yeah that's exactly the guy i think of of the guy who made up and the character. He turned out to be not know when he's dressed as the other guy at the end well. That's just a persona persona. It is ridiculous yeah. It's not even see through it in a second directed by chris addison is famous for directing the t._v. Show veep on h._b._o. I've never seen it been heard of it. Yeah julia julia louis dreyfuss. Yes and she's like no president. She's a female prison. Vice president thinks what veep is fresh off the boat. Which is a i guess an a._b._c. Be sitcom and you can kinda say that that kind of you know because it's pretty vanilla this movie. It's not super -fensive is but you think if you made it more adult. It'd be funnier. I don't i don't see i don't know say like we just watched the one with seth rogan long shot and that was more adults and a lot of the comedy came from being adult. I think you know if that was like a p._g. That would have been really blunder blonde mutebi lying you know so maybe this could be helped but then again. I don't know because it's the same it didn't have the most sophisticated story story i mean you know fish out of water and a pair that aren't meant to be together right now pretty basic stuff also but there was some hot to it where i felt awesome things at certain points and there was some funny lines in it. You know it was actually funny so so this director it's very sorry mara fax all the block in the camera position in nothing's fancier outfits no but i think in this case the director director loving what he was seeing in the moment on the set being entertained him his own personal self by these people who he obviously has a lot of respect for it is what brought out a lot of the wacky nece. I think yeah i also have to say the movies. Supremely lit is very nice. This looks really looks like a million dollars. You would say but there's never a shadowy in how into that it cost fifteen million. He's never like a like like a shadowy. Sequencer dot is just really like luxurious the enzyme which is what they were going for you look at the cover of this movie it shows them both with a gold copy on them like you know but then again that doesn't really fit the actual movie like because it's not like though luxuria they just in some hotel they're not gain gazillion dollars or anything so extras on the blu ray there are few hitting the mark as comedy klotz <music> conan artists and each country with direct and that's as you also i wanna say you always got digital copy with a blue raise them fall case and universal moved over from giving you the regular digital copy that everybody's been using the us that you can apply to. I usually apply it to voodoo so i have a big catalog of movies do while universal. I've gone to this only on. I tunes coupon which which i don't like you know. Obviously i mean why like the other coupon that you can get the light like digital copies work this way you got digital copy in code and then you go to your favorite retailer doodoo movies anywhere or wherever and you redeem your code and it puts it in digital library then you can just watch all your movies whenever you want. If you can't get to the disks now these new ones you have to go go to. I tunes to redeem it. I don't even have an account so account redeem it. I'm not starting one up just to redeem it. So if you're not an apple oh person you've got an iphone. You're on android this digital copies useless and it doesn't mention it on the box. That's the thing that i so i'm not into so somebody made an exclusive deal yeah. They must have any seems to be just universal at the moment. There must have made a deal with apple to say hey our. We'll send people to you to redeem that goes propsal by something else when they get. That's probably how it works stirs. There's so if you wanna even though we just shit on this movie if you want to win a copy of the hustle. I don't think of it as shitting on i think of it as being honest in our opinion. This might be your favorite movie of all we both didn't like <hes> you know the one the assignment or cattleman or hot pursuit spending vehicle pursuit and then my favorite i mean i can't again failure to tell you what make up your own mind by going and answering our competition when a copy and tells what you think of it thanks to universal for sending a copy and <hes> given us a copy to give away next week review will be the giant summer blockbuster godzilla king of the monsters which is the sequel to to congress coalisland if you remember that one we reviewed it last year so it wasn't great. I really liked punk school skull island. I didn't particularly like you remember. The first zillow yeah it was all doc all the time you could barely see godzilla and we will like west godzillas like dot the the power goes off in the city and then you can barely see him when we will. I is this something wrong about matthew broderick. No talk talking about the one where the breaking bad guy in ah oh yeah yeah. That was the beginning of this trilogy. Can this called silicon. The monsters is the third one in that set okay but that one with the dot gonzala which i was calling econ belly all the time he's just wondering around your is i got zillur or is that just nothing as mountain wasn't that fond of that even though i liked the concept conches gholam was much better for me i actually kinda liked how bizarre it was and that vietnam kind of vibe to it remember with the helicopters and the rolling stones playing out of it and stuff on some that made it good but okay. I just liked the whole vibe of it. I like the the c. g. It was really good. I thought not one with the massive conch. That was a really big kong. It was good. It needs to be big. That's the whole it was better than peter jackson's conch yeah because that one was didn't seem big enough to me that kong agree this congress giant like godzilla sized conch so next week we'll get to see godzilla zillah king of the monsters and hopefully we can see it. I one of your recommendations. I'm going on an hathaway recently. We saw oceans site. I thought she was really fun in that some going oceans eight and my favorite conman type movie is much man by tony scott nice which riches nicholas cage is really good. It's really cool conman movie. I didn't see the karma is going on in a never sorry come in until they disclose you know what i mean. <hes> it was it tricked me so really cool film and it's not just come movie. It's like a relationship movie about in between him and the young girl member. It's really cool but you know a lot of people saw it yeah not so much men and ocean's eight llosa mine are not movies. That's not that's not. The rules of the rules says movie recommendation recommendations all oh all. I'm going for here. I am going for a couple of youtube things a lot of youtube. A lot of people probably do and a lot. The people think youtube. Yeah can't find nothing on confined nothing on there. I would ever want to watch well. You and i watch a lot of youtube. In fact it fills the air's <music> as we get live our daily life. Wouldn't you say yeah you got who was imprisoned. You ought guys with <unk> build computers. You bought a guy who rides bikes downhills <music> mostly computer thoughts on boxes amazon amazon. Things is like a instead of having music playing all day we usually usually we have a video on a device. We're not sitting staring at the videos most of the time you are absorbing what they're saying especially computers. I do gardening some photography. <hes> other we watch nora lee is that you boots truck driving around the world on her motorcycle. Things like that and i just think that yes it takes a little bit of effort to wheel to get down to the ones that are quality for you. Yes you have to weed through. What's called cold'll. Give to kiss love frogs. Get to your prince or princess however for gardening. I've found kelly kim which is c. A. l. i k. i._m. Mm-hmm 'cause she's in california and her name is kim is one of my favorites. I've learned some of the most of what i know i believe from her and there's a couple of others in there <hes> but it's fun to watch i can listen to her if she puts out like in the beginning when you find somebody and they've got like one hundred videos does your and you liked listening to their voice and you like what they're saying. You're like yes and then. I can just watch her for hours but i'm not really watching a glance. She's like now off your pruning year tomatoes. You wanna go down here and oh look at this when it's gorgeous like yeah i know it's one of those things. If you don't like gardening you don't care but whatever you are into. You're going to find something i would guess and then my other one is rare seeds or baker creek women to live in missouri bakery. Rare percy's is in missouri. It's one of the biggest gardening heirloom seed saver type. You know holy that holistic realistic natural place you know they're into home steadying and all that kind of stuff and they have videos that will really teach. You have my grandma's around anymore and i asked my mom about planting growing tomatoes shake. Oh no just stick it in the ground. It'll grow this one of the extent of it or she'll say. I don't know i've never grown good tomato so that's it. That's my knowledge from my heritage of people in my family. There's others who know more but i'm like okay ago to hear and rarer seeds baker creek rare seeds. They've really good educational videos. You like just watched one. Today is about ten minutes long about different kinds of garlic are like how they grow how they taste when to grow them went to plan thumb all crammed into ten minutes and i really absorbed it not the garlic but the information and i was like wow this is just now when i do wanna grow some garlic this winter i have terms in my head. I have technique in my head. I have understanding very rudimentary. Yes the guard expert after ten minutes. However it's amazing easing isn't it that you will go out and try to find out how to set up your lyric server for our plex thing for our house a file server for our house to watch movies and so yeah and you had never ever done lennox or unix before i'm making this machine that and then you start watching videos goes and in a short amount of time and with quite a bit of effort on your part to like persistently dig out all the little bits and pieces not dislike slap something on top of it and golic. Oh look i know lennox because that's not what you did. You figured it out but that was your education and even at my job now they we have a just watching we don't do courses anymore. We do online classes that are all video based basically like ted talks and you do videos of of whatever the thing is is you're learning networking or we're going to dave center so whatever the thing is that applies and i think it's a really good resource. It's entertaining you to me to learn stuff about spreadsheets. I know it is what it is but i'm learning. It's entertaining. It's it's a resource source and i think that despoiling everything down to movies and t._v. We're moving on. You know you'll be able to find something that you like so i'm just recommending mending whenever stop liking movies because movies are what would mo movies like the tono. They're all different. Classes of entertainment aren't there. You're yeah that's just an anonymous or fully immersive. Would you say what movie yeah yeah yeah imagine. I just don't do anything i mean. I've always been like watching a movie. You watched the movie yeah. You don't talk into lights up yeah. You're completely immersed in the world in the story that the trying and to tell you maybe that's why we take it more seriously sometimes. That's what we're in it for. You know we don't we don't sit like you can. I can promise you when we review a movie like we just did hustle on our cellphones no off watching even in that movie you're just weirdest can absorbed in it and that's why i think we're a little more sensitive to like. If it's not a great story or it doesn't look great or the giants crappy because we're all in you. Are i want you to take me to that place in that time with those people or those aliens aliens or whatever it is and spend two hours in that story ab- watching it soaking it up carrying about the characters and all that whereas a kelly kim video watching video or you're watching seth right down the hill on a bike <hes> which is insane. 'cause i watch those two utterly insane <music> but it teaches you. There are things in the world. You didn't even know existed like the guy who opens amazon. Pallets didn't even know that was a thing like never even heard of that before so aw that's a whole other kind of those aren't fully immersive unless you really learning something because i'll find if i'm trying to learn something technical. I'm really staring at added. I'm all in. I feel like that some are like that. Some are just sort of casual you know but i say i'm not an advertising for youtube or anything i i wish if google was the sponsor you know i'd buy more seeds nice. I got and retire from my job and buy more seeds and plant more stuff but just give you two but try whatever your hobby is in. There are other video format or video platforms for people who like things that cannot be on youtube because i have have a friend who's actually on one of them. Be more adult side of things but again. If that's your thing that you've been so try <hes> try learning something from the youtube world this week count ascoli stuff. We finally played walking dead. The final season moves moves waiting for ultimate finished so we could go through clementine story to the end and we did happen. There was some crying. There was crying so not spoiling it. There was some happiness there was some i yeah those some pressing the expert and really fast vast yet. Did you decide with the final seles. I had this thing. It's a good game anyway. I don't play it. I watch so if you've like sit watched the entire tire thing season to season three season four. Which is this one and and foreign today's. Is that what it was called four hundred days. It wasn't the four hundred days when wishy no there was to yahoo spinoffs michelle on on the foreign the whole of the whole of the world yeah telltale games aims amazon be person so i like the zombie apocalyptic a story in general whatever it is i want to explore it telltale unfortunately fortunately no more they actually went into liquidation but here's the thing that game elbows games that were they made was better than the shell is it is i i. It's the same world but i think the characters are better and i think it might be down to like the you'll. I mean you're not playing them. We're still making choices along the way like <hes>. I'll often say to you. What what choice do you want for this like you know it might be an you'll pick some so you are shaping what's happening so i think that might be part of why you feel more invested in it true until today will really the only only people who do that kind of gameplay anyway clementines my favorite walking dead character of the whole universe i think they did an excellent job with it a- and he's awesome the final seasons also also. I really enjoyed it. I didn't know where it was going. Did you like the shocks. There was a lot of oh. This is what we do in some cooled flashbacks to the older games talking about yup. The definitely finally make it very emotional. Join the join. It's time oh yeah so <hes> yeah. I think it you know people say oh. The final season wasn't as good as the now. I think goal is if you like the style and the game play you're along because you truly like i said people like us this just in love with the character and all of the way that they made it all the things that she had to go through. We're just in it to see it through. We're not there there to criticize it or pick it apart or find the flaws. I mean you see it sure there are a bunch of flaws share well technically but i never care about that but i'm not the one pushing the buttons so there were times i pushed that square and i'm like yeah right sure it it all like it takes too long to load something or y- yeah there's there's you know it's not but that doesn't for me that doesn't take away from the story or the experience of care about the people or like the innovative ways. They're not innovative but i mean they explore things about as ambi- apocalypse that we don't explore a lot you know why kit like dislike season heads having to like make their way in a place themselves or no adults around your kids which hasn't been really as seen that but <hes> clementine story you know fitting and afar. It was really a good season. Unfortunately we never see any games. I mean tell tale gone so so we know the walking dead gay. I'm talking about seeing none of these games in this style like they might have paid since it and other people can't do it because is it. We played a bunch of them. We play guardians of the galaxy. We played the wolf among is really good. I love that concept yeah wells. Did we play. I mean that one is really really cool because it's like fairy tales or real l. the characters from all fairy tales of ever heard like grimm's tales and all that are real red riding but they've been like outlawed and they have have to live like secretly. All of society knows they're there but it's like when superheroes are incredible for superhero ing as illegal and they have to hide in there. It's kind of like dark c._d. World that they live in it was really interesting. We played the game of thrones which was kind of like a backstory of that was good there. They were all kinds of good view like style and you like what the story they tell so. It's not like they all disappeared. You can go and buy like the whole telltale catalog for like very cheap. You know 'cause they've gum. You can like get all of it for next to nothing so if you've not experienced these games you can do it that way. The other thing is <hes> is the disney d twenty three celebration this week so disney been going crazy releasing all kinds of stuff and amongst all that stuff which does lots of the disney channel is come into on them coming on. It's an app. It'll be on your roku. You'll be on the apple t._v. Ban all those things is a five nine thousand nine a month. They're going to have all kinds of new shows. The new show of note is a show called the monday laurean which is directed by mr jon favreau on it is the world's first live elections towels television show. It's ten episodes styles on november. The twelfth belief and we saw the trailer and you know i'm towers not so the trailer was awesome. Typically i was like i was and how did you feel about the trailer looks good. It looks like there's another looks like a new star. Wars movie is coming right. That's what it looks like. It looks like high quality. I always impressed. It wasn't like i was like oh. You know it's just i was was t._v. Show will it look different from. The movies will be a bit cheaper. It just looked like a movie it did and what was my comment. How can this looks so good and the hobbit looked so shitty right so disney spent a lot of money on this and that's not what makes it good. No there's some good talent and it to <hes> <hes> also jump fibro but the other big announcement is the second live action star wars tv show which will come after them under laurean is a a little thing called kenobi. What'd you think of that little while mr mcgregor is reprising reprising his role as obi-wan-kenobi nice and his whole show about obi wan kanobi account believe it while it's happening like it's just amazing time to be incest towels what's happening. They wanna make a lot of money. Yeah well make as much money as you giving me good styles. They don't give me like solo one out solo uh-huh book if it didn't hate it then hate to watch it again kim you know i'm really i really like that is really enthralling to me to see an o._b. Kanobi series with you know to me. Alec guinness is overrun kanobi but you know in the prequel he's he's not so can't bring alec guinness back to play kanobi anyway so <hes> yeah disney d twenty three. There's a bunch of other stuff including marvel doing a she. The hulk live action in similar veins of the star wars a she hulk t._v. Show which i'm into that too yeah but you don't know i always say oh you don't know until you see it because you've thought so low would be great too and then you weren't as happy about it so marvel i kind of trust because of everything komo them everything and there's a bunch of this disney streaming. There's a wonder envision dies. Come in there is is a a black widow t._v. Show there. There's a bunch of marvel stuff so this d. I feel like this disney streaming platform which everybody i remember when they started. I taken away their disney store from flicks and people will i._o._u. Crazy disney. You can't go off and make your own thing netflix so the kings well. They sound like they're really serious isg disney and if anybody can do it disney come right be an incredible streaming service. You know another thing that i was like oh disney. I was thinking disney really greedy but then today they announced when you subscribe to disney. It's five nine thousand nine. A month which to me i was like does actually sounds like the low for what you get. You get lost stuff but also netflix charge extra for four k right. You know because you've seen it on the uh-huh disney said no faulk as streams are included and you five nine. You don't have to pay extra. We'd just go this one here and we also allow you to watch on five screens at once. There's no extra like and i was like wow like disney. Probably don't need us money bolts. They just like that flake. She'll just i think they're trying to make netflix. You know people looking at netflix too expensive because look at disney what they're doing over. I'm impressed with that because it could be easy to be disney with it. You know you've got a new style tv. Show that everybody wants to see. It would be so easy for you to say that's twenty dollars a month. Everybody if you want star was right relations that are standards. Were grateful to them for not doing that shouldn't do that. I'm just super impressed. The five hundred ninety nine a month it seems that seems the right price for a streaming service with certain that you want like because it literally has stuff me gazza bunch of marvel stuff and styles. That seems worth it to me. You know so that's coming in november and i'm sure jacking a crash on day one because there's so many people wanted to see it. I don't know i hope disney have the service already because that could be a disaster if you everybody's watching coaching style walls and it just dies so what's for dinner today. Tonight is going to be veggie. We're vegetarian as well. I'm telling you what we're eating being in for many years now one of my favorite foods my whole entire life leaves dabbling. Already is a skinny person so i like things with lots of carbohydrates and sugar sugar and heft always loved my mom's homemade beans and weenies that would have been hotdogs chopped up cooked off in a skillet in another japan she would do onions catch-up mustard brown sugar cook that all up till it's all nice and like saucy ad in pork and beans kansas borge means not pre baked beans or other beans cooked that all together probably add more ketchup cook 'cause it cook it down mix in the trump <unk> hotdogs and then bake it in the ovens. The top got kind of all christine weird only god i could've eaten. I probably did eat my weight in my my mother was the indulgent type like oh honey. If you're hungry eat some more so you know then we became vegetarian didn't become like magic we chose elevating meat and i've just never found a hotdog veggie dog that was the right texture and flavor and everything and i bought some a couple of weeks ago. Light liked life. I think is the brand of femmes or something and i think it's light life and oh my goodness. The texture is perfect. Don't you agree yes. They are now. I like to the other ones too that you didn't true. Also i was raised on late cheap hotdogs. My mom didn't buy like the expensive all be whatever so we had the combo one. I was raised on hotdogs in con in brian. He has ears like mushy like vienna dot com wieners. You know they're kind of like like mushy. I liked those at the time as well haven't found a used substitute for those as sharing the funny thing is probably didn't have any meat in them to begin with but <hes> so so now we're going to have been making we by bush's vegetarian beans baked beans and chop up these veggie dogs cookham in the skillet and it is absolutely satisfying one hundred percent divine. That's what we're having all right. So what is your advice. Believe isn't really vice. I just wanna pass on a thing that you said earlier which is really funny as watching a video wpro of a guy who was eating some honey because he had <hes> honey bee hives is farm and he was like dip in his finger right in the hive and like lincoln it and like oh. It's a australian so he's like oh might like usually getting off on it and i hollered innocent honey just weird right because it just be spit me. That's what it is that we still eat honey. I'm not knocking it. I'm just saying that's what it is. Just like milk is like posse reproductive liquid for another species to feed their young and yet we indulge in lots of dairy products right so when you think of the reality ever like oh right and you said yeah just imagine imagine a big giant be dipping into a big vat of like human spit and then and then say <hes> it's not like that's exactly what we're like yeah so they had just put down your mind big giant be bench a little tiny humans humans buzzing around its feet spitting in a big pot and it licking it up and going <hes> delicious that is not advice in any way shape or form but at least have planned to that in your head which is hilarious all right so. Let's say that well. You know where you can spoke us. If you listen to the beginning of the show it's pretty much everywhere except spotify because we haven't figured out how to get it on spotify. If few we aren't even trying you have not figured it out. I try and i get no way of emailed them. Please tell me do it. Somebody told me that i have to have certain host after not use the hosts that i'm using. I've used another host and they can put fiber. I'm not doing stupid so you having a how you just reviews the no that's just like a rumor okay in the red it spotify thing okay. Only certain hosts get grunted spotify satisfy podcast so yeah you can catch us everywhere you catch them instagram facebook. It's a emails me a school as dot com. If you have any feedback don't email said she really should has nothing to do with any of you man petillo my instagram feel like looking at pictures of plants and stay costea rebel wilson and hathaway and just beat the funny next time thank. You and i'm gonna say thank increasing or someone will do it for you.

hathaway wilson anne hathaway youtube ann hathaway steve martin thomas westbrook seth rogan america Jonah hill tralee michael caine scully iran director tony scott usc Joseph josephine australia
Berkshire Investors Seek Clues on Next Purchase

WSJ What's News

08:36 min | 1 year ago

Berkshire Investors Seek Clues on Next Purchase

"Discover Milan Italy with WSJ magazine and into Garay. Join WSJ magazine editors for behind the scenes access in Milan. As you meet the city's most influential taste makers dine at top restaurants. Visit the private villas of lake coamo and much more book. This once in a lifetime trip at integrate dot com slash WSJ magazine or call six four six seven eight zero eight three eight three. With what's news from the Wall Street Journal. I'm Anne Marie for totally in New York. Berkshire-hathaway investors are looking for clues on how the company will spend its money Warren Buffett the CEO of Berkshire Hathaway his mantra is kind of be fearful when others are greedy and be greedy. When others are fearful. And so it's a real pattern with his investing style. The Wall Street Journal's Nicole Freedman has more details on the company's annual letter to shareholders coming up. But first here are some other top stories. We're following a federal judge has imposed a gag order on longtime. Trump adviser Roger stone's saying his inflammatory posts on social media. Pose a real risk of inciting violence stone had posted a photo of judge. Amy Berman Jackson on Instagram that appeared to show crosshairs next to her head. He apologized and called the move a stupid lapse of judgement. The judge ordered stone to avoid further comments about his. Pending criminal trial on charges of lying and witness tampering. Chinese telecom giant hallway is gaining fans in India and other emerging tech markets for the low prices of its equipment despite warnings from the United States that the company is a quick moment. Could be used to spy for Beijing. The Wall Street Journal's Dustin volts explains for India to decide that they actually might want to stick with. Wow. A and not ban them or not trying to push them out of their commercial market. That's a huge win for China. If you put those two countries together that's virtually half of the world's population right there and would be a serious blow to western efforts to limit the Chinese telecommunications firms reach while way has long denied allegations that it's equipment could be used to spy for China. Online image. Search company Pinterest has confidentially filed paperwork for an initial public. Offering the Wall Street Journal reports that Pinterest is seeking a listing in late June, and is expected to seek evaluation of at least twelve billion dollars Pinterest joins a number of high profile tech, startups, working on IPO preparations this year AT and T plans to stop serving devices that use third generation or three g wireless technology and early twenty twenty two rival Verizon has already made a pledge to stop serving three g cell phones at the end of the year as telecom companies move toward new wireless technology T mobile and sprint which the former is seeking approval to acquire having announced hard deadlines to wind down their three g service still to come. We'll talk more about. Berkshire Hathaway's annual letter to shareholders which investors will be parsing for clues on how the company plans to spend its money. I sure Hathaway investors are hoping the company's annual letter to shareholders will offer clues on the company's next. Big purchase. It's been about three years since billionaire Warren Buffett made a large acquisition or elephant joining us now with more details is Wall Street Journal reporter, Nicole Freedman, Nicole. Berkshire Hathaway's last acquisition of aerospace manufacturer precision cast parts was back in twenty sixteen. But as you note in your piece, this isn't the first time, the company is held back on big investments and come out ahead because of it. Yes. So Warren Buffett the CEO of Berkshire Hathaway his mantra is kind of be fearful when others are greedy and be greedy. When others are fearful. And so it's a real pattern with his investing style that when the market is rising and valuations are getting higher Warren Buffett off in kind of sits back, and doesn't doesn't buy much doesn't make big investments. And then when there's a crisis or some sort of a downturn in the market. That's when he comes in with. A big hunk of cash to really spend it on on the opportunities that present themselves. And so this looks like another one of those situations where we're ten years into a bull market almost ten years and buffet has really been holding back saying prices are too high for his comfort level right now. But they're just amassing cash, and I'll shareholders are hoping they're waiting for another opportunity. If there is a market downturn to make some lucrative investments. Let's talk about the market conditions. Now, we are expecting that annual letter to shareholders and berkshires latest earnings results on Saturday. How is the company's stock been performing recently as compared to previous years, historically? Berkshire Hathaway has outperformed the general broader markets since Warren Buffett took over as CEO in the nineteen sixties, but in the last decade or so it really has not notably outperformed the S and P five hundred. And so again, investors really point to the fact that this is a bull market. These are not the investing conditions in which Warren Buffett thrives and really where he really distinguishes himself is. During downturns. And so they're hoping that not hoping for a downturn. But they're hoping that when the next downturn arrives at Berkshire will be well positioned and able to take advantage and then outperform the market again. What do we know about the role buffets lieutenants are playing in scouting out investment opportunities? He has been handing more daily operations over to them. Yes. So about a year ago. Berkshire promoted to executives Greg able and a g Jane to vice chairman, and those two men are really running a lot of the day to day operations of Berkshire's companies now and one of them is expected to eventually take over a CEO once Warren Buffett is no longer in charge. And then they're also to investing lieutenants per folio managers Ted Weschler and Todd combs that help Warren Buffett managed, the stock investments and all four of those men kind of are able to bring deals to Berkshire two buffets attention, if they if they find opportunities and they've really. Able to kind of broaden berkshires investing beyond the the typical industries that Warren Buffett knows really well, so for example, last year, Todd combs, one of the portfolio managers made to fintech investments financial technology, which is really outside of Warren Buffett's typical wheelhouse. These aren't companies that he would say he has expertise in. But this is something that Todd combs is more of an expert in and decided to make these investments on berkshires behalf because of Warren Buffett stature at the annual letter could also have implications for the broader market as well. And actually the difficulty of finding good deals is something that buffet brought up himself last year in the letter. Yes, it's something that buffets been complaining about for awhile now, and he's saying basically prices are too high. There's too much money sloshing around out there looking for deals, and so it's not it's not good for us. We like to buy things at reasonable prices. And so he probably will complain about that again this year and. Certainly the competition is fiercer than ever. There's more than two trillion dollars of private capital out there from private equity funds private debt infrastructure. Investors all looking to do deals and make acquisitions and those investors are under a lot of pressure to spend money quickly. And so they're often willing to pay higher prices, which could make it more difficult for Berkshire to find opportunities at the prices that it likes to pay Nicole any final thoughts on what we might expect on Saturday. What do the experts you spoke with say about the possibilities here? Well, one thing that investors are really looking for is what Warren Buffett says about buybacks, if he's planning to take some of Berkshire's cash, it has more than one hundred billion dollars in cash, and if it's going to return more of that money to shareholders, a lot of investors are hoping so and beyond that everyone's always interested in what Warren Buffett has to say about the broader economy, if he sees any sort of concerns or signals on the horizon, and then also if he weighs in. In at all about politics, and what he sees in the in the world right now. That's Wall Street Journal reporter, Nicole Freedman joining us in our studio to talk about berkshire-hathaway head of the company's upcoming earnings report, Nicole, thanks so much for joining us. Thanks for having me. And that's what's news. I'm Anne Marie for totally in New York for the Wall Street Journal.

Warren Buffett The Wall Street Journal Berkshire Hathaway Nicole Freedman Berkshire CEO Anne Marie Todd combs Roger stone New York India Pinterest lake coamo Milan Hathaway Amy Berman Jackson China Milan Italy reporter Berkshire
Dan Girardi, Hathaway Suspended

ESPN On Ice with Wyshynski and Kaplan Show

55:34 min | 1 year ago

Dan Girardi, Hathaway Suspended

"Hey Emily Greg. So the hockey hall of fame inductions this week and I was in Toronto. I was on the red carpet. Best red carpet moment by how far Mario lemieux showing up an absolute rockstar. I've seen Wayne Gretzky. scrums on the red carpet. Nothing compares it was like seeing a Unicorn and it was like people kind of standing by that we're working on TV crews and holding their phones up to get a picture of Mario's you walk by absolute who he was wearing. no-one said that it's a traditional red carpet. But I gotta say that like from a an entertainment perspective. It was kind of boring There were a few speeches that were rambling. It was whatever it was. I'll put it this way. It made me yearn for forty five minutes of Gary Bettman joining on on which is saying something but healy wickenheiser. Speech was incredible. Not only inspirational talk about her life as a young player talking talking about how wonderful it is that her nieces can play hockey walk into any rink and candidate with a bag and a stick not have to cut their hair short to fit in with the boys like she did had which was an incredible anecdote but also reaching out and rectifying one of the Great Miss Justices injustices hostesses sure of the hockey hall of fame. which was Vaclav Demand Sqi hockey hall of Famer from Czechoslovakia Big Net? As they they call them gave a wonderful English challenge. Speech forgot to thank his wife in a Hayley wickenheiser leader that she is grudgingly. Say that as an American invites big net back on stage to say thank you to his wife and then proudly on for another ten minutes but mostly to say thank you to his wife and I thought that was a beautiful moment at the hockey hall of fame. That is a beautiful moment and no Haley took the show with their speech. And I know it's all about them but I just have a question for you. Are they still doing the red carpet in the basement of that shopping. Mall the Hockey Hall the famous in the basement of the shopping mall. It's one of the more charming aspects of the hockey hall ego to Cooperstown. And it's like a temple on the hill. It's like going going to the Vatican you go to the hockey hall of fame. And you're like oh where's the hockey team. Will you go to the cinnabon. He make a right. And and then you're at the hockey hall of fame. Yeah it's in the basement of like a like a a big public building and they do the ceremony in the middle of a of a giant. Ain't hallway and down. The media sits in the food court. They clear out one of the pizza places in the food court. And that's the media sets which is great pizza and beer take a lot. That's great. Yeah it's it's in the bottom all so you figure by that math. The Hockey Hall of fame should be New Jersey. But no it's in Toronto in a different kind of I'm all these teachers. The kids could only dream indeed coming up on this edition of. ESPN an ice. We're GONNA talk to Dan Girardi of former NHL defensemen TURNED EH podcast here. Boy Between Heaven Don Cherry Emily everybody coming after our our seat on the throne and That plus much much more including maybe the single greatest Phil Kessel of hot dogs of all time on this edition of espn an ice show proper. Shall we only is. It's to your ear buds a podcast about hockey featuring things to do with hockey from your friends at ESPN ESPN on Ice Jason. With what Shitski and Kaplan hey everybody it's ESPN and ice podcast. ESPN talks about hockey convey senior NHL writer. I'm La Catholic National H. L. Reporter End Shopping Mall busiest. We're going to begin by talking about the biggest story in hockey orting to people. It's wrong according to most of the people cover hockey because they live in Toronto. Toronto Maple leafs. We did around table on the leafs. What ails them? The future of Mike Babcock this week on. ESPN gene go back and check it out on the NHL page and dire straits for the mighty buds. Their last win in a they have one win. Regulation Okay since October. Twenty six that was against Stanley the only cup contenders the Los Angeles kings. Every other win that they have has been in overtime or a shootout and everything else has been either either regulation or overtime shootout loss. Five straight losses now for the maple leafs at the Blackhawks at the islanders. No shame and either rather than with the way those teams are playing at the Bruins at home. They can't beat the Bruins the penguins on the road. Whatever and then against the Golden Knights in Vegas After travelling from Pittsburgh and a game in which Mark Andre flurried did flurry things. So it's not exactly been the easiest road for Toronto and they do have a pretty packed schedule on the thirteenth fifteenth sixteenth nineteenth across the country. But these are what they call the business excuses excuses emily. How worried should we be about a team that I went to the Toronto Maple leafs well the one excuse that I think has some legitimacy to it as the injuries right best line last year was Taveras Monir and high men and they barely early gotten together for a consistent Matt Time they missed Taveras in the beginning of the year? Right when he comes back mark comes out now the stats. That really jumped out to me. Are there offensive stats at least have allowed the the first goal in a League high eighteen times. They've only twenty three games and this is a team that is built around a dynamic offense and they should be able to overcome that. But they haven't been able to their right in the middle middle of the pack in League scoring we know they have defensive deficiencies because they spend all those money on the offensive players. They don't have a great defense. We know they have issues with backup goaltending. They waived my Hutchinson Hutchinson. They're going to try to find another guy probably on the trade market but these are fundamental roster issues and now we're starting to hear people call for my walks head and you know. I have a couple of thoughts on that. Because if you know the people of Toronto they've been calling for Mike Babcock's head since like the fifth game of last season like this isn't exactly new. I don't think it's personality ever really elite gelled with that market. I loved what he said the other day because it showed some fights when he was like. I'm betting on myself like we need to see some fight from the team and I really liked that. But there's been some coaching decisions. Visions that guy's fans have gotten on from the usage of Patrick Marlowe last year. Zaitsev two things that you can debate here or there but the question I have is this is a team built to win a Stanley Cup right now. And if your coaches message is getting through whose message well and the obvious logical replacement is sheldon and Keith in the Ahl. I just don't know if that's the right call right now because let's remember Sheldon Keefe is no. NHL Experience yes he's worked with Kyle Dubus GM. Yes he's worked with a lot the players on the team in the marlies but can that message all of a sudden translate on the biggest stage and the last thing. I'll say before I turn it back to you is. We're now at the mark of the season is impasse the arbitrary date where the blues fired. Mike Yeo last year and guess what they won the Stanley Cobb. Like who's GonNa do it now is the time and we're also getting to that magical moment. Ah called American thanksgiving. Where if you're not in a playoff spot then you may be screwed going forward? I do like the theory that if you remove Mike Babcock from the equation Equation and promote Sheldon Keefe and they still suck then. You'll have a real good idea of what's wrong if the team that maybe if it's not the coach and you bring in another coach it's still messed up. And then you know there's some deficiencies under the hood. I am not the world's biggest Mike Babcock Fan and I think his legacy has been forged through three things a all time. Gold performance by J S and the two thousand and three playoff and I in which he won the Conn.. Smythe in losing effort the ability to have Nicholas from Pavel datsyuk trump And Hendrik and Henrik Zetterberg as the backbone of the those red wings teams that were good for him and then had lidstrom there for the majority of the playoff streak. That babcock oversaw. Aw and then obviously doing what you and I could do which is stand behind the bench and watch the single greatest of talent Nasseri hockey team Canada win when a bunch of gold medals against Americans done what they're doing so you know like I don't I don't necessarily buy the Mike Babcock talk super genius thing. I never have so if the idea is that the leaves have tuned them out. And if you take babcock out of the equation maybe they're gonNA listen to a different coach. I'm here for it. I think he's overrated. And the way the if you see this team play it is pretty obvious. They have absolutely no interest in following what he's saying. There are defensive mess there's no structure it's a bunch a bunch of individuals all trying to save the day in their own different ways and defensively. This team is atrocious. At a at a time in this league when you know look the islanders look look at any team. That's that's pushing towards the top of the standings. There needs to be some level of defensive responsibility. And you look down the lineup at the the the scoring chances that they give up and the goalscoring differentials for some of these guys it's obvious that there's assist systemic deficiency there on on this this lineup. You can't discuss the leaves without joining one of two clams you're either clan land babcock or clan dubus and. I'm sorry I'm climbed dubus. I still think the pieces are in place. I still the Tyson buried. Trade looks bad and you know my end up being bad and maybe the the question is then how do you rectify that. We talked about that this week. A little bit too in in the round table but I like this team and I like the pieces that are there and I am. I gotta be honest with you when I take the leafs to win the cup. I did it for a couple of reasons one because the Chicago cubs broke the time line many years ago. And now we're your things happened in sports. All the time and the leafs winning the Cup would be as weird as they come to. I secretly I thought they might fire babcock this season. He thought they would Mike Yeo it. I thought I thought that his time with that team was growing short art. And that when you swap out the assistant coaches and when you don't find playoff success and you start making trades kids and that maybe the team is still not playing up to snuff the coach get snuffed out. Now I will say this though. In defense of Mike Babcock. I don't think you can fire until they get good. Stretch with all three of those guys healthy. I think you're right. You know the idea that he's not had taveras martyr and Matthews on the line. Line up at the same time but for a few games a season as much as I would like to see. Mike Babcock collecting a paycheck in the comfort of his living room. I will say it would be tremendously unfair to the man to fire him without a fully armed and operational battle station known as the Toronto Maple leafs get a good run of games with a full lineup. So that's what I'll say about backwards so the question then becomes. Emily are the leaves Salvageable or are they still playoff. Team should be worried that this giant festering mess is not going to be able to catch fire and earn a playoff. Oh spot and I think they can. There's plenty of time. I think it helps. That teams like the Tampa Bay lightning. Aren't you know totally getting ahead. As we thought they might. In the standings standings I think the Florida Panthers are lurking here. But there's talent here when we get back to Babcock. I don't think now is the time to do it if you were going to do it do it in the offseason. Send these guys off on foot so I feel pretty confident that this team is fully healthy and look martyrs out for another three weeks. But it's not like he's out super long term. We're going to see a different product. I do think though that they need to figure out this. Backup goaltending position because that has been such a liability indeed and boy. Wouldn't it be nice if the penguins could help them out to that end as well all right. So that's the story from leaves. Land the center of the Hockey Universe. It's a black hole right now. The Sun has gone Supernova now collapsed the center of the hockey universes black hole and if things don't turn around there's a chance that may swallow babcock all right. Let's talk to our guests and now joining us on the line is Dan Girardi the NHL L. Defenseman who played for thirteen seasons mostly with the New York rangers and then the Tampa Bay lightning. Dan Thank you so much for joining me and Greg and I have to say I found out about your new venture and I was pretty surprised. Your podcast now. Yeah I know I kinda just fell on my plate and You know had a great time playing the last thirteen years and Like I said the the PR department. Tampa approach me with this idea. And I I kind of took it around with it. Now you're not worried about Competing with Don Cherry. Who is now also podcast? No no I'm not worried about that. I'm just kinda worried about you. Know Making something that people enjoy listening to whether it be in New York where I played a long time or Tampa here or friends family back home in Canada. You know. I'm just kind of ask some little bit. Have some fun with it and go from there awesome. I wanted to start start with Tampa. Last season was what it was in the first round against the blue jackets this season. I think there are people around lead. That are surprised that the point total isn't where they might think it should be at this point. I've been telling people that maybe a little adversity at the start is exactly what John Cooper would want for this team because they didn't experience that's enough of it last season. What's your diagnosis of the The lightning and how things have gone so far this season You know I I am staying busy even though I'm retired. They got some coaching duties with my son and his team. But I am able to watch. I try to watch the games either when they're at home on TV. Here try to make it to a couple of games of emily arena but Watch the game against Saint Louis. You know they actually pray for played pretty well but you know like like you said adversity and and is might not be a bad thing for them but the league is very very hard to win and every night and you know I think last year was just such a special year for the entire group and everything went possibly right that it could during the year. That's much in the postseason but You know the what they're dealing with now. It is a long year. It's you know it's a quarter waterway through and they're and they're they're down the PLA- spot but you know I don't. I don't think anyone in in the room we're in the organization is panic at all because you know what would the group they have. They're in the leaders are leading the way and Hetty back in and McDonough They have the right guys to Kinda get going in the right direction and I think they had a going there for a little bit in Sweden Sweden and The first game back Would they play played Played but I was. I was at the game. I don't remember Oh Winnipeg. In fact they played a really good game. Means Winnipeg's or no sorry. They beat up on the Rangers. The first game back played Play Winnipeg and they've actually a really good game. Hey but hell buckhead a heck of a game and you know I think there were starting to get in right direction. Obviously going in tough place to play like Saint Louis Defending Stanley Cup champs and it wasn't and also a good game but You know I like I mentioned. I'm sorry I'm just rambling on here quite a bit film It's a it's a very like the the fine line between winning and losing this speak this day and age and there's not one easy game or doing every game if you don't don't come with your best and get to you are going to have a hard okay winning you mentioned on your podcast. You'RE GONNA be talking to guys from the lightning. Maybe time of the Rangers other guys. You know growing up in hockey. I'm curious like as journals. We always. Let's have our white whale of an interview. Someone we just WanNa get that interview and share their story. Who Do you know that you know has an incredible story there? Beauty beauty great personality. And you'd love to get them to open up to the media because they haven't done it before. Well I feel like I set the bar kind of high with my podcast with Ryan Callahan where you go back a really really long time to our time in the entire hockey league but You know it's funny you I wanna you WanNa talk about things that you know. People don't really know from day to day that were two guys. Do maybe off the ice here we go with the boys go. Have a good time. You know you. It's a fine line between what you could talk about what you can't talk about because you don't want you don't want to make someone look dumb or you know I have to remember like me and Ryan are kind of work done on now. So we're like we could talk about anything. But you know when you when I grab a guy like stammer or that are down the road. Live down here in Tampa You know I wanNa talk both fun things. But they're still playing and they're still in the game they can't be you know talk about the one time we had you know. Everyone came to my house in Niagara Falls and this happened. But you know it's It's fun to be able to kind of get these guys open up a little bit. There's nothing again what happened in Niagara Falls nothing thing but it was twenty five guys at my house and just having a good time but You know I it's Like I lost my train of thought here but You know you gotta you gotTa find that fine line what to talk about not to talk about. And I'm hoping that. Oh that's sorry I got to say now that you know nothing. The games the you guys in the media and kind of media myself now but you know you might not be able to get something out of a guy that I might be able to get them just because I play with them. They kind of know me and I'm hoping that from talking to these guys a little bit off the normal hockey stuff that you know. Get a few things at the fans. Don't really know about these guys made with you in the summer. What they do with their family around here in Tampa and You know try try to do something a little different. I'm putting at fifteen percent that had been over went over almost almost went over the falls in a barrel that A fair percentage now like we had we had A. We had a really good story. wasn't a player But it was just something. It wasn't even anything crazy. It was just funny to happen. But that's that's what I mean that's GonNa that's with the team and that's GonNa stay there but You know it's just. That's the funny part of the PODCASTS. Are Really Growing Kinda as every day I look in the media in on my apple. ESPN or TSN or something. Like that is always come with a podcast. Because that's Kinda everyone's driving everyone's traveling and that's the easiest thing they listen to. Is You know something that you're interested in and the PODCAST. They're really getting big. Big here sure. Do you listen to any ones that aren't sports. Like in your like consumption of podcasts. Well honestly you're in a lot honestly. I don't really listen to podcasts. I barely listen to mind. I do good thing lifting perfect podcast. Perfect Makassar Museum won't sound like anybody else. I don't like I even when I played. I didn't like watching video clips myself especially like bad clips. I made like a terrible place. I never never liked watching that or you know. Even we recorded the first two and the guy send me and he's like no. I'm just like I'm Mike I'll I'll I'll get through them but I don't like listening to myself like talk and you know but when I did it actually sounded half decent. I didn't like think like. Oh my God this sounds. That's really dumb. It sounded pretty good. And my family. My family's GonNa say they like it so I always have my wife and my parents did a great job and feel like every player who played for. Tortorella has a signature torch story. What's the one that you dislike? Everyone's like what's playing for torch. You got your signature one. You can tell the story Oh Man I can guess probably got some good ones. But I don't know like I feel like he's such a like like a different different style of coach. Like you know you got your hard nose coaches but he was like very very hard on you but at the same time as one thing he always said was. My Door's always open. You know if you have a problem with me not even anyways like you WanNa come talk to me about something you know a play or just WanNa talk about anything saying the door's always open and like five minutes later abuse rematch on the ice here. You're like you can't make play like you know. But then and I want to tell a story but his thing always was when you say you got into a little bit with them on the ice or on the bench. You're like in the room. He kinda you know went back and forth a little bit. He always always always liked that a lot like he felt like now that we got that out. We're closer and we're stronger a stronger bond between the two guys but you know it has a few things and then you're you're you're you're closer and you know that it was kind of weird to think like that but it's true though right you you kind of go with someone or tow. You're Kinda like well this. I think this is right. And he's like no. That's wrong and Blah Blah Blah. I go back and forth. Obviously there were some swear words in there but then with Matt and Matt Nice but I feel like he did. He did a great job of always being easy. Easy to talk to. Even though you're not noticed that by his expressions on the bench and the way he likes to yellow guys or the wrath for you know but he's very easy. I I talked to and I really loved him to coach. Yeah I always I always valued that season of twenty four seven that you guys were on because like I felt that really showed shades of towards that. We didn't get the normally say I thought I thought he the totality of his of his character came out. You know the the guy who who could be a nice I got behind the scenes but also be the foaming dog needed to be. I thought that was a really a really good glimpse at at all the different facets of him as a coach. No yeah definitely that's pretty. Yeah pretty much summed up what I said right. 'cause like you know he could be like that like that. That dog like that ferocious dogs that you you you need something you need to get the team going. He could be that way. But you know if if you needed another direction where maybe pick a guy up or whatever get him going a little bit like Kinda you can cover all facets of the game and off the ice. He was like gets a great guy to talk to you know you. Could I watch his post game interviews every day because they're just you don't know what you're GonNa get what you're GONNA get. I love that about You You were you around as a defensive defenceman during during your days in the League and I wanted to ask you the. Nhl just sent out some some numbers recently about the season so far the quarter pole were setting offensive records again Ronn. Another record pace in some cases Setting offensive marks going on all the way back to like ninety three ninety. Four in your thirteen years did you. Did you witness this league. Changing dramatically as far as the tilt towards offense or was the change a little less dramatic than than it would seem to be statistically well all if you if anyone that watches the highlights. You could clearly tell there is a lot more goals being scored this year and even even last year with lightning team we had we were scoring average average was crazy a game like I think we led the League in goals for and you know it's just it is it has been going that way I really didn't notice it until maybe like maybe my you're actually years in Tampa 'cause all my years in New York very defense first oriented team we obviously tour at the helm and even when La Mini He. Always there You know very very defensive minded but you know obviously if you have the right guys to be offensive you they they let you do your thing but You soon as I came here they do. I sound weird. I don't think they care about defense. But they really there's a lot of offensive guys and they really elite. You know preach that a lot which is which is fine. And that's how when I since I've been here for the last two years have been very successful teams and You know if you do have the right. Mix of defensive guys offensive guys it's a great great fit But like this year alone this the scoring is insane. This like games are like seven and five six four just really high scoring games. When I first came in the League there was maybe once a month? You being a game like that but it seems like every night and you know guys is like mcdavid and dry settled like fifty points or something already like like like thirty something but still like it's insane. How many points these guys get you know? I don't think I got thirty. Points is my first two years combined. So yeah it's pretty pretty impressive. The numbers you guys these days Dan last thing from me your tenure the Rangers. There's ended with you getting bought out and I've never really talked to a player about this. I'm just curious you probably knew it was happening with conversations you had with your agent and management but what was that like that conversation in the days following I can imagine your self esteem thinking like okay. This team doesn't think I'm worth this anymore. I'm not worth my contract. Where do I go next and I know you sign of the lightning two weeks later but keeps walk us through that time in your life? Yeah well you know the last my last call my last couple of years in New York before I got bought out you now the media the media hates you. If you're you know a guy that makes decent amount of money you don't put up huge numbers but you know I always felt like I did every little things right and like played the game the right way and that that's just and I have no hard feelings. The Rangers at all for the buyout. It's probably the best thing what happened to me. Kinda re Juvie and my little bit and brought me to a place with Sun all year round so I can't complain about that but That you know you know you you have. I actually didn't really know it was coming for sure. You know you hear rumblings in the media and you know obviously you hear everything through the grapevine but You know I'm I'm just about to go walk. Pick my kids up from school in June. I got like a five minute. Walk and write New York to our kids school and I got a call all from Jeff Gordon. GM He's like. Oh you know it you know give me a spiel and then say we're GONNA WE'RE GONNA use one of the bio on you and I was like. Is there okay. It was like you know whatever hung up and then like I walk in and I'm like hey what are now. What's the next step? I don't know I don't even know how to process it for the first couple of days as like you don't know okay. Am I gonNA get another job like like or what's what's the what's the next step for me but you know it was like a week later. We have to like you know figure out our house get it on the market You know and then with the win that window is that teams could talk to you about the free agents. You know you know. Tampa came right away. And that's kind of like where I realize like. Okay well now. Here's the next job. I get ready for the next year and I felt like that was one of the best summers. I've had training wise in motivation-wise motivation-wise just because you know one to prove a little prove people wrong. You know knowing that I I still play for a long time. I know it was only two more years but I knew I could keep playing and and contribute and I feel like I did that. My last two years in Tampa and Love so much. I'm living here this year. You know it's a wonderful place to raise a family and and the area or organizations great and it was a little bit of tough time for me but ended up Being a a new chapter chapter that came up coming upon it awesome. Well Dan. We really appreciate your time. Join tell our listeners where they can find your podcast. All the podcast is is called The Block party with Dan Girardi Little Pun on. Where with all the shots I block but You know find spotify you know on itunes pretty much anywhere you can get a podcast You listen to it and you know if you like it. Great if not that I. That's so Canadian theory. Thanks de problem. That subserve inflatable noodle man is constant. Instant unjaded entices people to look at me. Look at me. He's stylist and brainless a literal head. Curiously however the inflatable Moolman when hearing the GEICO as people Monday but also has an award winning hand. That makes it easy to manage. What policy he knows? You should switch because yes switching to gyco. It was a no brainer. Implacable noodle man castle unpredictable creatures. Our thanks to Dan Girardi who gave his blood sweat sweat and tears for thirteen years in the NHL. And you know we've been talking about this week in the NHL. What's up blood and sweat a bit? It's it's it's. It's been a nasty week my friend Greg and just as we started recording this podcast we got news that Garnet Hathaway of the Washington capitals has been suspended for three games aimed for spitting on Erica Branson and before we get into this I have to say I've been triggered all week because in my career high school field hockey player. I was pretty good my team. It was pretty good I had a lot of shoving and physicality in the play but nothing scarred me more than when we were playing leave it was God Bergen County school and a girl gave me a wet willy and I was just disgusted with the biggest violation of my personal space. It was the nastiest thing that ever happened to me. I don't think I've ever gotten over it to this day. And so all I have to say is spit. Is it a disgusting thing now if she had a punched you in the face rather than that would that have scarred you or just the wet Willie. No that's what I'm saying like. I had black eyes from the sport I have you know rashes and Burns of turf on my leg and this is the thing that sticks with me some ten years later. So here's the situation and in this just came down as we were doing the podcast as you know. Washington capitals forward Garnett. Hathaway away was given a match penalty for a spitting incident involving Anaheim Anaheim defenseman. Eric Could Branson he could Branson punched in the face. And hathaway came back by spitting on him and Hathaway Waigel spent a huge water. Spit to Hathaway's as credit hathaway's credit. He came clean with the spit. He said look at me. I did a bad thing thing. I shouldn't have done it. I spit on him. There wasn't any semantics I was just trying to talk to him and a big water spill came out. I wasn't a an intentional does he. He lived up to it. And that's that's great and all the ducks were very upset. My God spitting. Oh Geez at a front of the game. Worst thing I've ever seen. How dare? Oh he spit. This is a game where people skate around for sixty minutes hitting each other in the mouth of the stick. Remember that for a second Garnett hathaway through the NHL's VP. Of Hockey operations. Colin Campbell. Who yesterday yesterday in after the? GM meetings explained that it's a good thing that it wasn't a spit against an official because that would be a real a real punishment still ends up giving guard hathaway a three game suspension for spitting out another player. Three game suspension for spitting on another another flare three regular-season Hockey Games for spitting on another flare. Yeah it's Nasty Greg. Colin Campbell was asked yesterday by Campbell the relation of the hockey news and can kind of you know said it in a in a bit of a serious way and then Colin coli kind of Played it off in a joking way. He asked him how is a bit different the Olympic. And it's kind of ridiculous debate to have but I guess one that's worth having when you think about a guy running around licking people in the play offs not even getting a single game not even getting a fine. I don't believe believe it. He marchant did he. Just gets you warnings you just got to talking to you. Talking to a player spits under the guy he gets three game MHM suspension now. I'm not saying that one guy scores thirty goals and the other guys Garnett Hathaway who many people even it was in the the league. But that's what it is and I I cannot comprehend how somebody gets three games in a league where guys his elbow each other punch each other sticky other trip each other board each other cripple each other and don't get three games for it. I don't WanNa be that guy that compares player your safety to hockey operations but I'll be that guy it makes us league look like a joke an absolute joke. Do this three games for a Spitz pitch. I think the problem is that there's just too much discretion here on this inconsistency and this is going to bring me into the next topic which was just as controversial if not more controversial in my opinion. And that's what happened with Matt Calvert in that game against the Vancouver canucks. Do you mind if I transition to that. I've said I've Said said my piece. You just heard out I understand. I understand I understand you know. I guess you have to suspend someone for fear that there will be other incidents students so spitting but a three three three game suspension and again this is a league where context is king. This is a league where guys is. Don't get suspended because they're like well. He was just reacting to getting punched in the face. Or what have you right. First of all by the way if there's one deficiency agency in player safety and and and player Enforcement in this league it's the Sucker Punch got shoulder. Show me a sucker punch that ever got three games a give him three games for spitting. I'm sorry I hate to be the guy that just like you know compare and contrast suspensions but I did a hit on DC radio this morning. You're like do you think he's getting suspended ended. I'm like well usually when there's a hearing this probably suspension. But it wouldn't surprise me if they just gave him a fine three games. Three Games for a Luyi Larry benchmark. That's the benchmark three games for Louis to get to board a guy first time offender. That game it's fine you know but Lougee Lougee. We'll make sure we get the drain the spit from this league. I'm only what I take umbrage to. Moore's is Matt Calvert Situation Though and if you didn't watch that Game Matt Calvert Block the shot against Lies Patterson and it's pretty much to his face at point blank range and he is on the ground and it is clear he is with her in pain so much so that allies Patterson tries to wave down the official and like get his attention but as the NHL book says if a team if a player goes was down and the other teams in control the Puck at the time of the injury plagued. He'll be stopped immediately told. His team is in scoring position. I totally butchered that. But the point of this if the other guys have the puck and they got possession just play on however if in this case where there's an obvious players as dangerous as serious injury. The referee Linesman may stop play immediately. So there's was opportunity for the reps to stop play immediately and my issue here is that it was on the judgment of the rest like this is all about discretion and the NHL came out and the general managers. Inter's met when you were in Toronto. And they said you know what we don't feel the need to change this rule because it was a judgement thing was an error of judgement. They probably should've stopped the play but they shouldn't didn't. Why wouldn't they want to create a rule that better as the health and safety of the game when they have an opportunity and rather to say? Hey we trust the rep's who clearly clearly had a gross injustice in this situation. That disappointed me more. I was really disturbed to see how this played out to sea that covered on the ice for that period period of time before he was being able to tended to buy his trainers and it kind of just sickened me. Yeah it was a cell phone to watch Steve Welcome the director of officiating for the NHL had a lot to say on this. I think it's clear that GM's and the league no that the REF screwed screwed up here walk them was kind of excusing. His guys by saying that the injury occurred that they may be couldn't see it. They couldn't see the blood it was it was. It happened in a weird position on the ice. I'm not surprised that there. There's no appetite for rewriting. The rule book. I just think they screwed up. Typically the rule of thumb is if you see blood you stop the play and honestly. I think that's a pretty good rule of thumb. I I know that in an era of player safety. We don't want to sit here and say that guy's embellish Sometimes they do and I know an aeroplane safety. We don't want to say that all injuries are equal. But they're not I mean guy gets Pitney angle with the PUCK. It's a lot different than guy bleeding out on the ice devils fans will remember a situation in the Stanley Cup. Final against the Detroit Red Wings. Nineteen Ninety five win the game winning goal. I believe it was engaged to scored by Jim. Dowd was scored after Paul. coffey blocked a shot was unable to leave the ice devils maintain. Possession scored the game winning goal. And that's a situation. We see play out a lot in this league and it's an injurious game and sometimes uh-huh guys get hurt and please continue but that is obviously like light years away from what happened with Calvert and the avalanche should be rightfully we Upset about it. Did you think that because of this because the way the the usually works. Is that when you see an incident. They tend to overreact to things and change as a rule book. For example. I guess making spitting three game suspension. Whoa you think that they were going to rewrite the rulebook on Calvert thing yeah I thought they could reward great that wording for sure we've seen incidents where they've totally changed rules to betterment player safety in the one example I can think of is at this year the new rule? Where if you're helmet comes off? You've got to exit play immediately to go get a new helmet or else. Your team's assessed a penalty like there's easy ways that we can they do this So yeah I think that they were going to have some kind of rewarding I I did and that's why I was sort of surprised that it did nothing came out of it from the GM's meeting eating. But they tend to believe the rule is good. They tend to believe that you know the rest. Discretion is where it should be and I just think we should be putting the refs in the the best position to succeed. Their job is hard enough as it is. There's not going to be an eye in the sky. Something else like. Let's not leave them with these gray areas and say let's leave it as a judgment husband. Call when like you said Stephen Him to admit they weren't in the best position to see it. Yeah and I think there there is a general sense that if they were going to alter the rule book it should be to to a situation. Where if there's a scoring play happening an guys down on the ice you let it happen but it's right but you're not gonna go let them start playing keyboard behind I think there might be some support for that but not enough from the people that actually make these decisions apparently early so there you have it spit blood hockey signed up for Greg. Okay right now. It's time for our favorite segment of castle. Hot Dogs. No he does not love to eat hot dog and strange area. The median gave Phil Kessel of hot dogs. It's the segment each week where we take a look at the hockey media. It's failings in its foibles and this week emily. Do you have your script in front of you I do I do. I came prepared great. We're going to do a little bit of Greg and emily. ESPN and Ice Theatre for you. As you know Phil Kessel loves hotdogs is referenced to the All Time Greats Steve Simmons Anecdote about Phil Kessel Hessel. Going down to the same hotdog vendor outside of his condo in Toronto eating hot dogs every day. This never happened. which which is why we use it? Example for how bad the hockey media could be well the godfather of soul himself. Steve Simmons was back at this week about Jerry York Hockey Hall of Famer. NCWA coach from Boston College. I will be playing the role of Steve Simmons and Emily will be playing the role of Rafer. Ro this is about. Steve Simmons Rant as Jerry. York skipped the first two the days of the four-day Nhl Hockey Hall of fame induction. Weekend to Check my notes here. Oh yes do what. Got Him into the hall of fame coach team. Member Steve Simmons. Emily is sensory Ferraro. What an idiot decision by Jerry York to pass on the day's festivities at the hockey hall of fame so he could just? I don't know coach yet another. US College game. That's my view. You can disagree I do. He will have that moment on Monday. Maybe coaching the players. It's more important to him than standing on a carpet. pregame and the other quieter ceremonies. Who's to say what's more important to someone calling it? Idiotic was wrong. Well I would change the word Eddie. Hottick for disrespectful. I suppose it is hockey hall of fame weekend. Jerry York doesn't WanNa take part in the numerous events prior to the Monday night. He should have declined the honour. Would you have this talent on all of that on Candy Granados big weekend. Nope she's my wife. I was so proud of her and always exam but if she chose to go Monday only because of the commitment she felt strongly about I would have been proud Out and support her to comparing my feelings to my wife as to yours Jerry York. That's a little rich and seen I think that was speaks speaks for itself. Greg boy does it. Now it's time for puck headlines Dateline Long Island as we do the podcast best. The New York Islanders have a fifteen game point streak going on. How is this happening? Very trots being disrespected. goaltending looking good. And Yeah all that but I have to say I'm a Georgia power rankings. Speak and we get to see the voters and what they do and if they're number everyone I'm going to have to make an executive decision to put them at number one. They're the best team in hockey right now. In full disclosure I had I had the capitals that number one I feel pretty the islanders at number two capitals number. One I feel I would if you drop the gavel and make the islanders number one one I would have no problem with it. I think they're like one and one at this point The real interesting thing for me about the islanders beyond the fact that they are doing some amazing bend. But don't break defense. And and do that Mitch. Korn is again working wonders the balanced scoring. I mean right now. They've got a seven guys with ten or more points. They're getting scoring throughout the lineup. Obviously Barzel and brock Nelson with seventeen a piece but the resurgence of Derek charred fifteen points in nineteen games regarded was bouncing around like super happy. Fun Ball in this league for the last couple of years. and Lo and behold he finds a home with the islanders a classic Lula Murillo Reclamation Project and another one of those great stories for a team that really is With the the best stories in the League right now to the point where fans are already seen allardice fans of my twitter feed game planning what trade deadline acquisitions they can possibly go for to bolster their case for a Stanley Cup. So there you go maybe maybe TAVERAS available Dateline Ottawa. Sad news from the senators. Bobby Lobby Ryan. We'll be away from the team while taking part in the NHL NHL PA player. Assistance Program. So Bobby Ryan getting some help from self away from the team. Jim Ryan of course is a is a tragic story on on many fronts at a horrific childhood. You can look that up for yourself the details they're D- at this point on the show but also you know. Life has been a bit different for him since he came to the Ottawa. Senators via trade two thousand thirteen from the ducks signed that seven year. Fifty million dollar contract in two thousand fourteen has been in a steady to statistic decline through many of those years years one point in the last twelve games coach. Dj Smith told reporters. That Ryan wasn't feeling well when he wasn't that practice on Monday and now is in the player assistance program. Now you you've read. This is sad news and it is but when I read this my first thought was good for him and you can see what you want about the NHL and their commitment to player safety but one of the Best S. things I think the NHL NHL have is joint program where players can go anonymously get world class treatment and you know the only reason. We're finding me out about this that it's happening in the middle of the season and reporters are going to notice. That are Bobby Ryan's not around every day but it's anonymous and he really doesn't have to give details to his teammates. He made to his team. It won't affect him financially. At least it shouldn't and you know what I think. That's really progressive living. I think it's amazing. And good for him for taking the courage to take that step and say hey I need to get away for some time. THREE POINT DATELINE SEATTLE. GM Ronnie Franchise. Ron Francis said during the hall of fame weekend that we're we're probably getting a team name in the early part of next year. Smells like the All Star game for break for me around that around that time. Maybe when all of the hockey is one place and you can drop the name there. Why No? It's not as I reported in my column this week. I talked to them. And they said no they're not going to send a contingent there to announce it while everyone's there they just said first. Quarter of twenty twenty. I don't I think it's silly that they wouldn't announce that they're when when all the assembled media's there but they're waiting their time to do it right in on their terms thinking if the logo rate it makes sense. Because you've figured that they would do it in a in their own thing thing like what Vegas did like vegas big unveiling Batman Right there and they they enhance the team name and the color of Sea Magic Seattle. If they're following the same blueprint we we probably do it then and I think for them. It's more important to own it in their market than own in the NHL Community right now. That's where the team spokeswoman told me questions emily really first of all the team name Sakai's sagacity and even more discouraging that team colors. I believe we'll be red and black red and black we. We've we've both reported read a black for a while. Well it seems like that's been that way for a bit I have somebody told me like over a year ago it was going to be red and black now. Are you saying sock is because your spidey sense. This is telling you sock is or because your reporters news is telling you Sokha's a little bit of both honestly the one that I back feel like. I never mentioned this publicly but when Gary Bettman was that the Chicago Field Player Media Story. I had a chance to sit down with him and I was talking about the name. Aim and stuff and asthma metropolitans which obviously has been one of the front runners and he was like very against sixty like. That's one of our vision names. No so it sounds like the League would not want to rename one of their divisions if this team wanted that name and I don't know if they necessarily want the name that's obviously the historical one that pays homage to the Seattle hockey history. But I'm ruled that one out. Well now I wish Lee gets final. Say That's very true. And now I wish that the Seattle Franchise was called the Atlantic Metropolitan Central Pacific. So we can back to the proper division. Names The yes Sakai's I'm a supporter of I think that's an awesome sort of double entendre. Name like punch a guy in the face. You saw 'cause I stock fish the whole thing. I'm fine with Sakai's I'm a little bummed that the more more adventurous color schemes that were bandied about including like light. Blue and pink for example are not going to be in part of the equation at all red and black is so boring too quick to quote the Great. NHL Philosopher of Guinea. That's off there needs to be more light color in the league. There's too much dark. Yeah exactly bite my tongue on the joke. I was GONNA make Dateline Hockey Hall of Fame Next Year Sees Dro- McGinlay and Marian. hosa eligible will early predictions for the class of twenty twenty. Emily I do think Arizona coyotes legend Marian hosts that got San and he he will wear his Katina Jersey as he's worn so proudly for that franchise at following the footsteps of Chris. PRONGER coyote when you go into the hall of Fame First Ballot Hosa. Yeah I mean the only reason I don't think he would be. I'm look I'm not privy to any of those voting is the fact that it's kind of confusing if he's eligible this year or not because he is still an active player decided. Last date played they decided he is eligible. That was around the hall of fame so he's he's eligible next season again. There's a lock use. I Bel- all day athletes. Thin is a guy. Hi that didn't get in the last round like I don't know why he's not in. That's a really interesting one. Like Hosa and Alfredsson both star wingers. The Senators Alfie played. His whole career are there. Host bounced around. It'd be really interesting. I I mean I it's I think it's it would speak volumes about Alfredsson standing with this election committee of hosting golden before he did Yeah but it's it's quite possible happen I having asked around. I'd be shocked if McGill and didn't get in next year. Yeah finally deserves it and you you know the they just put in a guy who was the embodiment of You know defecting from your country and coming to North America. The whole thing and McKinley has the for Soviet to to do it. I think it's a fantastic story to highlight and hall of fame. So hopefully he gets into finally dateline. Grammy's emily t swift Taylor swift only received three nominations for lover including only one and a major category lover. For Song of the year. Also Lizardo is up for best new artist despite truth hurts dropping in two thousand seventeen. But that's besides the point. The best new artist artis categories. Always a joke. Have you listened a lover and are you shocked that it didn't get more love from the ground and I don't think it's a good. Oh I'll take do you think it's possible at the two singles that she put out which were both pretty bad turned people off to the album without actually hearing. You know I had this issue Taylor. All the time I feel like the first single she puts out is not only necessary not her best single but like one of the objectively more mediocre ochre ones typically like. I think she's really someone is giving her bad advice. Of what single to Drop I. It's probably her seems that she's making that call but listen yeah yeah lovers. A great song makes me think of every high school dance and the best song of the album in my opinion is the one she did. Saint Vincent a the cruel summer which should have been should have been the second single instead of that. Whatever the hell anthem thing that she did for the second thing I forget what it was but yeah it's a good album deserve more love but Liz O.'s? been dropping stuff like two thousand sixteen right away ran you know. I gave out the phone number before on twitter and someone said they called it and a man answered is possible that the rent linesmen reassigned Ryan. Well we have gotten rates this year so I don't know why that would be but we got word from from that dude one guy they all did sound like the same voice now expanding. It's like some guy here in the office and Bristle that is lakes mess with US leaving. His own voice mails pertaining to different things in the name wrong number. It's possible but yeah. I had someone on twitter. They say that they thought that the line was going to someone guys desk and like shamed me for overwhelming like this guy said his desk like newsroom. Yeah I WanNa talk about Mike Babcock and like Oh God we'll find out what's going on. What the rant line? But there's no ranch this week so I guess that's the show. Hey the rant line was me talking about spitting there you go all you need to know and you should see this microphone. I honored my spitting rant spinning over. It I'm greg. Gerski follow me on twitter at Gw. Y. S. H. Y. N. S. K.. I if I'm my stuffing. SPN DOT COM. The wishlist is my column that drops on Thursdays. And I have another podcast where I say. Naughty things. Things called puck soup. Issue here a spit take on that one. I'm Mentally Kathleen at. Emily Kaplan on twitter DOT COM. And all I gotta say as by this is. ESPN is with ski and tackling subscribe to the show in the E._S._p._N.. APP OR APPLE PODCASTS

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Sarah Paulson, Anne Hathaway, Fred Savage, Caroline Quentin and Piers Taylor, Marie Kondo, James Corden

Ellen on the Go

48:38 min | 1 year ago

Sarah Paulson, Anne Hathaway, Fred Savage, Caroline Quentin and Piers Taylor, Marie Kondo, James Corden

"Hi, it's Ellen Degeneres. Welcome to my podcast. We're gonna listen to some of the best moments from the show, and it's going to be hosted by four executive producers that I love. Happy listening on today's episode of Ellen on the go, Sarah Paulson touches adele's magical voice box. What Sega the up Sarah Paulson touches adele's, magical voice Bach true story and Hathaway tells us why she gave up drinking, Fred savage, discusses his onscreen engagement to Billy Eichner. Caroline quinton. And peers Taylor, tell us about the world's most extraordinary homes. Marie condo tidies up Ellen writers office and James corden prepares for his upcoming role in cats law, blah, blah. Okay. I don't care about what's on the Ellen show. They care about us. That's what I'm coming to realize about this podcast. It's not really about the clip Savell. It's about Andy and his cat and and his cast of characters. Mary little band of friends. I'm anti laster. I'm mary. Conley second. I'm Ed glavin, welcome. This is exciting. So our team of producers. There's about one hundred people who work on this podcast. That's a whole separate staff. Well, that's not what I think because we have gathered a bunch of nice emails from people huge stack huge stack. People who listen to our podcast and reading it's just lovely stuff. There's a deer dr- nappy who lives in Brewster New York, which I know is near Connecticut, I believe who is an eighth grade teacher, and I haven't crater and she listens to this. And she says that the podcast puts her in the right mindset to teach kindness in the classroom because she sees me specifically as kind of yes, kind of a beacon of kindness, not read. Well, maybe I've read maybe I misunderstood what she was saying. But Deirdre thank you for Deirdre. Thank you for listening. I think sample of people who are different the her kid should include in love, even though you're tad. Oh, my different. And is there. A fun fact about Deirdre. Let's see a fun fact, you know, I don't. Yes, she was one of my first ever Twitter followers as soon as I saw her face. I was like she always likes my tweets. I would say she's probably a big fan as probably most as or probably most people here. And then I think Deirdre, and I probably could relate and have a lot in common because I have an eighth grader who takes math. And she's in eighth grade math teacher now. So that's a little bit of a connection. What are you have you have some freshman algebra? So maybe. I have this is like you say we have a whole stack. But this one just got me this is from Lindsey Myers. Listen to this. I just wanted to answer your question about where we are listening from. I am a peace corps. Volunteer listening all the way from a small rural village in the south of Muldova in eastern Europe. Wow. I love Ellen. But I'm not able to watch her show on TV here. So it's great to be able to listen to your podcast. How sweet is that? First of all. She's a peace corps. She's our salt to the earth. Just there are there better people than peace corps people. Probably not based on her picture. She's in a location in eastern Europe. That is called. Oh, yet does. All right. We'll stay warm and thanks for all the good work. You do you. I love that. That's amazing. I will sign it. Do we have eight by ten to me? I can sign sent to people Daniel. I'm just talking producer. Do we have stock of things I can say what Lindsey I'd love to say. Take your good picture. Sure. Eight by ten is your jam buddy. Yeah. Well, we can touch it off. Saying it's not it just sometimes takes awhile to get a picture that Andy feels good about. Want to mention? Instead men who's listening to us over in Tennessee. I know and she listed us alphabetically. I like that. Yeah. I only started with Andy because his name starts with o. That's we chat to explain it to you guys. She cares about your feelings. It would be an honor to talk to us. She thinks maybe we'll call her someday is speaking of far away, another huge fan, who's always tweeting within seconds of the podcast coming out, and I'm going to pronounce the name wrong is Len Shikha David who is a blind woman who lives in Romania, and she has been one of our most avid fans, and we thank you for your dedication. And for always tweeting about what you love about the podcast. He doesn't show. She does gamma games super. She's a fan. That is really awesome. So thank you. And every week. We will mention people who are listening because we really do. Appreciate it. Does anybody who if we mentioned somebody to they get something we have you only only you'll keep trying if you send we'll send them. I mean, other than a podcast t shirts, I'm going to randomly pull out one. And we'll see who's going to get today's prize about that. Okay. Brian stack riff riff riff Lynn point. So the next person is going to get a prize from the stack if Natalie Pearman Peyron perran, what is she getting? We'll check your mail, and they'll see what you get a prize. That's so from our gift closet. Congratulate Natalie lives in Ormond Beach, Florida with other half, our two cats and a horse. Love animals fashion. Her husband is the shirtless guy. There you go. Shirt for your house. Feel old. She says grew up watching Ellen every day after school. Oh, gosh. I love the podcast. I've been listening every Monday and Wednesday since day one nothing makes me laugh louder than when Andy jokes about being the creator of. Right. Because she knows what she knows what a joke. It is Andy come on. We'll thank you everybody. That was very sweet. Thank you, everyone that was fun. And we we're going to start sending gifts to our listeners. We had fun this week preparing for Sarah Paulson to comeback on landlord. Kevin how much did it cost? I don't do the numbers. Ed. You spend the numbers some fun ideas. Pay for them. Yeah. We had a wonderful producer, Melissa scientists, Sarah. And she came up. We've scared her first of all we scared her in every way we've ever scared anyone on this Ellen in the bathroom at the scare table creeping up behind her built a special box. It could scare her during five second rule. Right. So listen, I've been to one hundred house with her when we send her house. So let's camp with some really crazy ideas to scare her. That seem insane. We actually dug out a tunnel underneath Ellen's those you're eighty member. That was Mary's Eddie. I'm hearing now dug a tunnel under Ellen's chair, basically. So that sorry, a sub flooring flooring. Well, if you notice the platform of of what we call home base, which is where Ellen's chairs are you have to take a couple of steps up to get to them. So there's gotta be some room underneath a little bit of room. So they cleared out some some boards, and we made a tunnel. Corey could crawl from backstage into that box after. Ellen showed her that it was empty. So we open the table to show, Sarah. There's no one in the table to scare right? Then we close the table and somebody crawls you guys you guys, you know, what we are suddenly we're kind of like magicians, it was a lot. Like, we're a little like, look there's nothing here. And then suddenly something was there. Elissa head an insane idea. Elissa had an absolutely shame. What to do an a ninja dropping from the sky to scare Sarah Paulson? It was so fast. And so startling. It was and the what you really you have in your mind what you hope that will be. And this didn't disappoint was great. So if you want to see that go check, your DVR's, and and check out this show because because we're a podcast, even if we play a clip of screaming, you can't see how it happened. You're going to play a clip here's a quip of screaming. God can I open it up? Yes. There's nothing in here. There's nobody in there. You guys know what they like to do to me, right? Did it to yourself now? I'm scared. I know and you just you scream. I did I saw you look tiny bit over my shoulder. Like something was happening. Nothing's happening. So you do impressions, and you really good at accents and impression. So we're gonna play heads up because you like has and love rice game. And I like your impressions to I didn't know. I saw you on Jimmy Fallon. Maybe doing who? Are you doing Barrymore? Maybe yet. You're just good at impressions. Thanks. All right. So I'm going to guess who you're doing and. No this. It out. I'm saying play Andy. Okay. All right. This is fun. Okay. Okay. Oh. I don't I come do this very well. But I'm doing all kinds of poses in anonymous state. That's not a good accent NAMA stay. Does not done. I have no idea. Oh, I'm Ravin. Have you share your what am I doing here? Kevin Carlin ban reading when lock to order, some kind of this. We'd we I'm doing event he'd been t- thing with the tool with lots of earning something, but I don't know who you are. I'm not supposed to be a pass and it's an accent. Okay. It's supposed to get. I don't know if it's all right? Let me tell you something. Even the whole he has. I wanna say that looks like sit down. It's all right. Creative. We have. Can I know we had to build a tunnel and a lawyer. That's why I was able to show it was empty and then he came in during the commercial break. That's how far we have to go to get, you know. What's happening next? I'm nervous. Not the only thing. I'm happy about is that you did make it very plush for him. It's like it's like a red carpet for his that really is because that one scare wasn't enough. Kev. What else now then she really wanted to Ellen back for the last time. She was here and she ended up under the table shivering. She was scared. So let's told her that's great. We won't tell Ellen. You're going to scare her later in the show. And fortunately, Ellen was on. But he told told Ellen and guys we don't really we don't often keep secrets a celebrity, and you tell us that you or you ask us to not tell Ellen something. Here's what you need to know. Ellen pays us. So we dressed Corey up as Bush hiding behind Ellen. So once Sarah came out to scare Ellen. She got scared again, the whole fish not like a former President Bush a. Wailing bush. We mean like plant. Okay, are no on this show is to make people laugh and feel good every day. So I got this letter from viewer in Cumberland Rhode Island, and I knew I wanted to talk to her. While she was here. She talked about Adele in her magical voice box. And if that doesn't make any sense to you listen to this. I heard this at my birthday party, you you, so Adele was at my birthday party. And you ask her if you could touch her touch voice box. I have to touch where all the magic comes from. And she let me did. She look at you like, you're crazy. She let me do it. Why did you wanna touch thought? Maybe then I could it would excrete some stuff that I can have do you sing? No, okay. And they wanted some of it. It didn't happen. So you. Bad. Can you say? You're good to. We could harmonize you. Go higher lower. Galore. The one album either. I mean, how about the guts of just being able to say that to Adele, can I can I touch your throat. I love Sarah. Yeah. Kevin. How did how did that ninja get up there? What do you actually we used the same people that rig are people for games right guy named Pat Ramona? We like. Yeah. They have these. Game game that can crank people up and down insanely fast. It was he came in two nights before they had a clear a couple lights, and it was very specific for two nights. No, they just put the rig up there. And then the guy snuck in he stuck in from the rafters didn't have to be there before the audience loaded in fully dressed like an engine which was Craig dressed like an engine. It was so funny and then he's hanging prone. Yep. By something I guess strapped to his back like mission impossible style. And then he just drops like a rock, and then the exit the drop in was terrific. But then the exit was really Sarah gets are like splash or water, Adam. Yeah. But by the time, she gets her Cup off the table. He's already gone. Yeah. Just poof. It was awesome. Sure. I just gotta read this. This was one other fan. Her name is Jessica wild from Provo Utah. I'm just gonna be a little part of it. I have grown to level the Ps please see my other letter, I wrote Ellen tube last month where I talk about how amazing Mary Connolly's. She is accepting full of love. And complementary and humble. And I am really really impressed with her. I've said it before and I'll say it again the world needs more care. Mary Connolly's in it. That's funny. Jessica funny. That's a good one not gonna live attached Connelly could use an additional Mary. That would be so helpful if you'd like to be an additional Mary Connolly right in and let us. Let us. Oh. That's very nice. Thank you. Jessica. That's that is very very sweet of you. And it's also it's also. To hear what about us too about the rest of us. Once you something great, the someone will writer, Jessica, you just Mary Mary. Mary's Mary is happily married Anne Hathaway Anne Hathaway made some news transition and Hathaway ready. Do you write that she gave up drinking? Well, it was it was very it was very cool. It was very cool. But what was interesting is that a couple of days earlier? Matthew, mcconaughey was on the show right and talked about a night of drinking with an half. And that was memorable to Matthew mcconaughey, which means that it probably was memorable to everyone who is part of it. But Anne Hathaway I thought was it was a very handed. Yeah. Handed and mature decision that while she had a young child. She didn't want to be. She didn't want to be. She put it. She put a timeframe on when the kids eighteen back to drinking, right? That's great. I may do the same thing when my kids, but me. May not know for her. Like the way she felt the next day. It was I applaud it. And it won't be around. I'm not everyone can function completely drunk at all times. Like, Kevin Kevin it did get a lot of attention. Yeah. People like to hear about someone giving up drinking. But here's a little bit of Anne Hathaway. All right. So serenity is is a movie that is hard to explain. So try to explain it. Oh, good. Yeah. Well, it's it's a sexy surrealist modern war. Yes. So if you are into thrillers, and you are in into I don't know morality, that's not black and white and you like to be taken on some kind of surreal adventure. You should check it out other than that. It's hard to talk about McConnell. Hey plays the captain of fishing boat. He's obsessed with the fish. I come into his life. I asked him to kill my husband, who's a monster. And is abusive to me into to my son and Matthews obsession changes from whether or not he's going to catch the fish to whether or not he's going to kill the man, right? Because and you think you're watching a movie, and then there's a surprise that that. So you don't know what it is. That's what we can't give away. Is that something happens? You're like, oh, and it was filmed on a beautiful island. He said it was where wasn't Marissa's. Yeah. Yeah. Beautiful. Yeah. Yeah. I think it's if you go to South Africa, and then you go to Madagascar, and you keep going then you hit Marissa's. Well, that's a long flight. It was a long fly Jonathan degrade on it. And how long did you stay on that island? I was there for about five weeks five weeks. I've weeks. Yeah. And it was incredibly Matthew and Camilla had been there for for a while. So we arrived, and you know, I knew Matthew from interstellar, of course. And so got a call from him. Hey, you're in the northern part of the island run the southern part of that you should come down. And so we did and Matthew and Camilla took us on an amazing kind of little bar side tour of all the best in the island. Wow. And how was that? I don't remember. I have no idea. Really? Oh, man. Well, because they're both cool. And I just can't drink as much as them. So anyway, yeah, we drank the night away. And then I had to go to a meeting with Stephen night or director the next day. Just kind of have you ever had to do a meeting hung over? You don't have to admit it. And so I was just kind of like stumbling in one eye open, and I was trying to convince them about certain things about my character. And at the end of it. I said, listen, I've got a confession. I was hung over the entire time. And he just goes, oh, really I couldn't tell and then two days later, we had another meeting I should up. He said, oh now I can. The difference between the other meeting, and then you quit drinking after that. Right. I did I quit drinking back in October. Like like forever for eighteen years. I'm gonna I'm gonna I'm gonna stop drinking while my small my son's living in my house. Just because I don't totally love the way. I'd do it. And he's getting to an age where he really doesn't need me. All the time in the morning. Yeah. Yeah. Yeah. I did. I did one school run one day where I drop them off at school. I wasn't driving. But I was hung over. And that was enough for me. I didn't love that. Yeah. Yeah. Nother reason. I don't want kids. True. Kev. We will you fan of the wonder years. You kidding me? We watched it as a family every week. Did you really it was not in? I did not hit the years of yet. I really wanna. Really sorta missed me. But I know people were passionate about passionate about highway to heaven wonder years highway. I remember that that was big in your. Yeah. So you must have been excited that here. Sure. Him on the show too. Years as well. I loved Fred savage. He was yeah. Was such a great guest like he really, well, energetic fun. So warm. I just wanna be around. He was exactly the same to he. He was nice kid. And he's real Mench. A very easy conversationalist. Yeah. Like, they just had. They just had a nice chat and good dance. He's he's married to a woman in real life. But plays a gay man on the show and talked about that. And he's his co stars Billy Eichner, and it was really funny. How sort of self deprecating? He was saying that he has to be in relationship with much more handsome, Billy, Billy Eichner. Who's handsome won the jackpot. Yeah. He feels really good about take a listen. So you were on wonder years, which is I mean, it is blessing. I'm not gonna say it's a curse, but people must because you're just that little adorable boy that we fell in love with and people must bring that up all the time. I mean, they do and it's great aunt Hathaway talks about this. She really liked it. It's a credible. Yeah. So people like still to this day. Like, we'll bring it up, which I absolutely love it makes you feel like any room. I go into it. Feels like old friends like grew up with you. Yeah. And they feel like they have this positive relationship towards always. It's always really warm. It was a great show. How long did that go for that? When for six years six years. So when I was like from like eleven to like sixteen or seventeen I was on that show, very important time in your life. I did a lot of growing up in front of the camera. Yes, you are. So all right. So now, you're on this new show explained with this show is about shows called friends from college it's on net flicks. And it's about a group of six friends who went to college together who really haven't been able to let go of their dynamic since college. So they're adults and they have adult lives and relationships, but everything is little stunted because they haven't quite evolved. Fully from their college, sell, right. And Billy Eichner is your fiance. My fiance. We get married at the end of the year. So the season starts with our engage in party and ends with our wedding. And do the best. I feel like the show if people can believe that I could get Billy Eichner. I'd be very happy with really. Yeah. I mean, that's totally toll drink a warrior, so handsome. He's SCRUFF is always perfect. He's very handsome. So when I do see God. His hairs, great great hair. I feel like if I could get a guy like Billy Eichner if you believe that. Well, thank something. That's fantastic that you like him so much. I really really do feel the same about you. Because you're handsome also does he if you could ask him for me, I will? Cooler. He's a funny guy. She's great. Yeah. Great knows how to order at Starbucks helps. They're like, he's great. He's wow. Splash almond Billy Eichner order a splash almond milk in the coffee splashes that such a loose term. I mean that you don't know what that means to somebody. He says at Starbucks that is a measurement is a splash. I've tried it. And I've always been happy with it. All right, fine. All right. And then the other thing that was really funny is he showed us some dance moves, which was cool. Stays moves again. Because they did a scene in the show and his kids made fun of the way he danced. Right. So he learned how to do the body role. In demonstrating gotta watch that the name of his show is friends friends from college. The name of the show is friends from college, which is really good show premise, I would be remiss, you know, I'm so sorry. It's broken record. But games is on tonight. Yeah. Talk show host passer present go Andy one Johnny Carson. What's that talk show? Host pastor present go Phil Donahue, Roselle Conan O'Brien chain Whitney five for David Letterman, joy Behar. Merideth vierra Jenny Jones Morton Downey junior give. Get. Joy behar. Ricki lake so no games over one win. Sorry. He didn't win. Word. I got it. Here's how the contests tonight with that very same category. Bet your wife. Zachary? We are going to start with you. Okay. Talk show hosts past and present how many can your girlfriend name? I bet my someday wife can name six Damian Sunday wife can name seven. She is your wife now my wife. I am going to challenge that. Okay. All right. Show host past and present names in thirty seconds. Okay. Ellen degeneres. Lake. Arsenio hall Oprah Winfrey. Rachel ray. Martha stewart. Yes. More. There. It really is less. You seconds you start panicking. There is Jay Leno, of course, David Letterman. All right. That is a strike for you. This is what happens. That was tomato soup its way to see it. It's a it's a big mess. Are you guys watching game of games? I'm talking to you people listeners of the podcast. I hope you're watching it really is fun. It's fun for the whole family. There's not a lot of shows on TV where a whole family consideration in watch in the same way Kevin used to watch wonder years in highway to heaven. This is one of those shows. I promise you if you haven't seen it, even if you're not a fan of game shows, I promise you, it's so much more. It's just silly fun. And it makes you feel good. It's a little house on the prairie. But with games. I'm gonna say like little house on the prairie except maybe less hungry. Ellen got us all into a show called the world's most extraordinary homes. Yes. Yes. On netflix. Yes. Yeah. It's awesome. And it's just this couple. They're not actually realize. What it's a man and a woman who traveled the world and visit without the owners, the hair the most outrageous extraordinary homes, and the world's and what's fun. It's real estate with your shows full on real porn is in some of the houses. They get to spend the night. Yes. And it's really interesting. It's like a whole new take on looking at looking at homes. Here's a little clip of them talking about that is, you know, people are like, oh who've you had on that you you know, what celebrity. It's like, I'm so happy to have you to on because I love this show, and I love home. So this is is exciting for me is any celebrity I've ever had on because great on the show too. You have such great energy together. Thank you very much. We we have a ludicrously good time making. I think you can tell what Shing it. Yeah. How Steve piddly silly pharmacist remind the best we have the best. We make the best show in the world. Yeah. It really is. I was very jealous. I was like why didn't I think of that? And why can't I do that? Although I don't know about the travel y'all go some crazy places, and and it's hard to get to. But we've seen the world we've managed to sneak around people's properties at the same time. Exactly, you're invited to these. Okay. So I mean, you've really been everywhere. So I'm wondering because you're an architect. Right. And you're just a TV personality that love architecture and design actress, actually, I'm on my next to the Royal Shakespeare Company. So I really do have the best of both because I do acting on stage and television and then for I'm. Of a serial doer oppa. Yeah. So I've done about twenty properties in the last twenty years. I'm there with you. I know I know you all three my enthusiasm. I was introduced to his Reffell into it. We came here to LA about three years ago. We turned up the other side of the world, and we looked at each other. And we said how we gonna make sure about houses going to do. We had no idea we had no script. So we thought we invent something we had a crew ten people wanting to make for Tammy. And we just started doing what we do. I guess it's a it's a great show. So basically you travel world you go to the world's most extraordinary homes is a big deal. Travel bid is actually where we have most fun on the road. I'm looking at things and actually setting up an anticipation of arrival at a house, right? So when you go to these houses, and you're invited and you get to spend the night in these houses. Right. They give you the keys. Leave you alone in their how much. Like would would which is your favorite? Do. You have a favorite style of architecture. But the really interesting question, I meant that inward Goodell contextual cockatiel challenges me and takes me out of my company to be tested by building easy buildings. And who do you like currently for me? It's really about how a property sits within its environment. And how you feel to be that? So it's not just a lovely house it somewhere that has to make you feel the one in the desert you love that. That's that's one of the my mountain retreat. That's in Arizona right on the one of the most beautiful houses. I think in the world is made of mod. So the light as the sun. I'd never been in the desert before this, by the way experience if the does it was so extraordinarily useful as the light changes. The house changes color will say the house is open on both sides. So the draw is car to this act. Call. Thing. Like, right. It just stays cool. Because of the way it's been built very beautiful to it invites the rattlesnakes into the house from the. I would worry about it. It's in the middle of nowhere. We said why don't we do the things that we would normally do like the producers wanted us to have dinner at the table. Like, we we wouldn't do that. We'd sit out in the desert coke something on the barbecue. Wouldn't look at the sunset. With the beasts do you notice? How in none of those houses there's any clutter. There's nothing. There's there's no. Visit because no one lives in those houses, seeding, Lee wealthy people who are. The craziest CD's houses that are outrageous that are millions upon millions of dollars just parts of the house take millions of dollars to build. And then when they're interviewing them one specific house that I loved in Norway. She goes. Yeah. Try and get your little bit in the summer. Our main house, I wanna house you normally living a male where do you put your keys where where old like after your paper bags leftover grocery to your assistant, Mary like it? But haven't you also been to some homes in Los Angeles. That are the same way you walk in you, go. Oh, really Ellen keeps her house extraordinarily. She moves so much. She just said she gets easy way for her to get rid of clutter. Yes, she's moving. That's how you how you prevent hoarding. Ellen's idea of decluttering is moving exactly. Marie condo show is doing. So people have too much stuff. Transition. How you transition Marie condo writer off. We had. Right now at our house. We are we have a professional room organizer who is coming through and helping us organize our house. How much stuff gets thrown away? When that happens a lot of stuff gets thrown away. Yeah, I'm gonna do it. I gotta do. It's it's I really didn't actually feels great. Because when you when you're getting rid of stuff like it's earmarked for people who could use it people who need it. So you look at it, and you go if you love it like, we don't do this. No offense to Marie condo. But we don't do the sparks joy so much. But the rule in our house is if you love it, and you use it you can keep it if you don't love it. And you haven't really been using it. Let's find someone else. We can give it to Debbie will Debbie purges never every you know, what she does is. She puts it she puts it all on a pile the stuff that she doesn't want to keep. And then she realizes there's nothing in that pile. Exactly. Well, we have a writer who's a genius. But crazy, and he like most riders legless renters he has a collection like a little bit of a hoarding problem. And he's very proud of all the stuff. He does for the shows was office is covered with anything that we do on the show. He has a picture from his the props from it. Everything cords, whatever he says, it all and we also have something here called the free pile where people send us promotional items or whatever books t shirts, and there's just too much for Ellen to keep. So she puts extra stuff in this free pile, and he is checking it who's the free pile usually meant for peace for like as he's don't maybe salaries the lease money their jobs as well. Here we have the benefit of really getting some great stuff from people who they wanna show to Ellen. And she can't keep everything I mean, Troy's in the writers guild, so he's barely getting by. So he goes in there. Eight nine times a day. Ever he can get and he makes a point to get here early. So he beats out the pe- as to the think I've left my office nine times this year. Probably right. As prize to him. We booked Marie condo to help him. Eliminate some of the clutter from his office. It's so worth watching this piece, but will play a little bit of it for you. You know, you gotta watch this piece go to your DVR and watch Troy's office kit rehabbed by Marie condo. And just know that you know, it seems to you that choice not wired up like everybody else. You're correct us. No, we couldn't live a more. Boy, and somehow married way up. Yes. Yes. He did. She's beautiful in cool and normal and he's such a he's so weird. He's a baby. Daddy now. So one of my writers is name is Troy has a very very messy office. I mean, there's clutter everywhere. Can I say where it comes from? We there's there's a pile of free pile. We have lots of things that are sent to the show. And there's there's too much for me. It's just too much. So I offered to whoever wants it. And have you been to the free pile before? No. Well, you need to know about it. Some of them are promotional items. There's some gifts sent from different. You know, if I mentioned something on the show, whatever. Anyway, I decided to do something about it. Do you know who Marie condo is everybody? So given show it's on Netflix cold tidying up. And so I had her surprise Troy and make him clean his office. And he was completely caught off guard. Condo who you are. Room with this many things on the wall. One of my roles to greet the space that I'm about to tiny. Quiet process down to. At the heart closure eyes and just in your heart expressed gratitude for all that this office for you. I'm good. Quite. So what's important hiding that you must touch each item with your hands? Do that. Who? One. Kim kardashian. You know? Tidy. I think he wanted to showcase all the things that's his office. This. You know, what Troy likes what drew likes cats? He does love does. He peaking of cats. I love James corden cordless going to be in the movie of cats. That's a good. Wow. Great segue, Hugh. Yes, James corden, stop by promoting show that star actually this weekend. Immediately after the. The best time slot. You can get in television, which is the time sought right after the Super Bowl is that the best time slot because so many people are watching the Super Bowl. It's usually the highest rated event of the year. It's absolutely one hundred percent the highest rate. Don't correct means. Don't a direct me on. Hundred million viewers every single you think he's please edit out at correcting me three hundred million people who live in this country. Million of them will watch SuperBowl before we're gonna get back to James corden. I'm going to give you a quick piece of free advice from the efficiency department. And that's me if you wanna do anything out of doors anything anywhere, if you don't wanna stand in line if you wanna ski, but not standing Lifland if you wanna drive the four oh five and go seventy miles an hour the time you do that is during the Super Bowl. It's it's so I'm going to drive the four oh five from the airport to the one eighteen and I'm going to do it solely because I can was when was the last time you missed watching a Super Bowl. I have not missed watching the Super Bowl in many years. But I'm gonna miss it this year why because I wanna go. I wanna go skiing. Just gotta make sure I'm all connected. But I wanna go skiing, and I wanna go when it's not crowded. So how you gonna know what happens in the Super Bowl not gonna minimum? But then you'll have my report when I get of course, I'm going to have an army of staff watch hit I'm going. Yeah. You're going to. I am going to this last year. Yes. And the year before and it's a hilarious to all my friends who know that I didn't really follow football that I sit in the first row of the Super Bowl every year. Get so mad at me. Tell us this year who who'd you go with last year last year, I went with Dax Shepard. And we had a good time. You can find that on Ellen to where was it Minnesota and it was freezing minneap ice cold. Of course, I do the Philadelphia. This year. I am going with the hilarious Ellie Kemper. I love her who knows nothing. She literally said I'm googling Super Bowl. That's gonna be interesting Andy when you go to the Super Bowl. Yes. Will you rent a car? Are you insane? I would Uber. I'm not gonna wait for car and parking in a city like Atlanta. I usually for everything and I find that Uber makes getting around town easier than ever before. And now, this is interesting that we were talking about Uber. Uber's introducing Uber rewards a new rewards program. That helps keep modern life going. We all know, how mazing Uber is it reduces the stress of traveling makes it easier to run errands and makes a night out. Feel extra special. Uber has been doing a ton of great things this year and Uber awards is going to make you love. Uber. Even more with Uber awards. You can earn points on rides and Uber eats earn points. Whether you're staying in or going out and unlock rewards such as Uber cash for your next biride or your next Uber eats order, and that's just the beginning. You can unlock new benefits every membership level such as flexible cancelation. Ones with gold price protection with platinum complimentary surprise upgrades with diamond and more the more you ride the more you eat the more Uber awards earn. That's a good idea for terms. And to learn about all the ways, you can earn Uber awards. Go to Uber dot com slash rewards. That's Uber dot com slash reward. See program. Terms for details. Once again at Uber dot com slash rewards, James corden was here. Yes. To talk about that show. But also just. The name of the show is the world's best name of the show is world's best. And it looks amazing James corden and like fifty judges everywhere. Berry more our friend, drew Barrymore, rupaul, rupaul and faith hill. Yeah. It's really good. And it's different than anything you've seen. But James corn was here. And he's just so sweet entertaining charming funny, self deprecating. I dislike everything about that guy. Just nice. Yep. You could tell they love each other like their conversation was. From what I've been really impressed by is that faking accent? No us down. He's from Ohio. Yeah. He's a good guy. I like him and someone who spends a lot of time with celebrities in their personal. Oh, good. Else? Yeah. Yeah. They love being. That's good. I had felt differently about that gals from maybe that's why. Maybe doesn't have as many Eddie stick with me. See show business. He doesn't refer to them as gal. But anyway, here's a little bit of James corden. Hi, James, you it seems like you walked, and then you you decided you were going to slow, and then you sped up to to run to the chair. That's my life. Yes. That's my life. Mostly I go. No, I'm doing this slowly just yet. Get that quick walk when I did. Walk when I did your show, which was really fun, by the way. I recently did your show, and it's a long walk yen. It's down steps awkward. It's have you thought of changing that we'll because what we want to have a show where we want to show when we started our show. We were like how can we be different would like everybody walks. Cousin right. Let's just have them come through the audience. Right. So that we're all in it together. Right. Okay. Okay. No, I think it's a great idea. And then the audience gets so excited because you know, you get to like high five on the way down and stuff. Try and be a little different in whatever way. We. I like it. And that you sit with another guest, and it's fun because you interact together. It was great again same thing. How can we how can we just stand out in some way in the massive shows that are on in the middle of the night? Jeremy why didn't why do we pick that picture to show of me? Why why is great? Yeah. Well, clearly, I'm doing a fish thing. But I don't know why. Well, I can't remember. But you were terrific guests. We really felt like and I mean this. I don't mean this in any way. Sycophantically? We are genuinely felt like it was a real thing for our show to have somebody who just kind of respect for Saddam. We've only been on the full years if you to come by our show a great deal to everybody. I mean. I mean, I mean. Thank you. We'll I think that you're unbelievably talented. I mean you've been on four years. It will be four years before that like, I don't think I wasn't aware of you because you were living in London doing plays a lot of theater, and I saw you sing and dance. And do it was like, oh my God. This guy is amazing. So I thought you do very very well right away. Did you think the show would be perc- received that? No, I wouldn't we came here. My wife, and I our Assam was three outdoors was twelve weeks when we moved here. And I wouldn't I said to my wife, I was like we're not buying anything. Like, we rented furniture. We rented account everything in our houses. I was like I'm gonna get fired. And the only thing worse than getting fired. We'll be getting fun and then left with a couch. That we've got to get rid of somehow. Right because we'll be on the first flight back to London bright going. Well, that was a disaster. And I'm genuinely meant like. When did you start buying things at what point did you realize? Oh, the shows doing very well. No, we we know what we bought a house about a year ago. And then and then it was like, okay. If we voted house you probably by by. And so you've been on for years. And then you how long how many more years do you have on your contract about a year and a half? And will you do you think you'll renew or do you do you wanna do other things? Choice. I'm not sure it's it's still get fired. I think that every day. I came in slow on if I come in slow they might go off. That's the wrong guy. If I. Speed to the C down to say sort of. No, I'm not sure I've no idea. How long will do it for? We'll see. We'll see how it goes. And you're going back to London to to be in cats the movie right doing the film of the musical. That's amazing. I it's it's a lot of people who's in cats Judi, Dench McCarron. Idris elba. Rebel Wilson Taylor. Swift Jennifer Hudson and. So you may be fired. Go tomorrow, I might be back here by Saturday tomorrow night's filming mazing. Yeah. It's amazing. And have you seen cats like a lot like is it pretty much sticking to the play or? Yes. Kind of it's still people being cats and how have you prepared for that? I'm very much. You know, I'm I'm I'm like. Day lewis. I immerse the character. You know what I mean? So what have you done? I've just been living as a cat. I don't use the bathroom. I have a little tray. Just. You know, the whole time that's been me. I can't wait to see the movie. Thank you for listening. Thank you for the emails. We watched the show to see the whole thing. Yeah. You can subscribe today on apple podcasts bought a fire ever listening to this right now. And don't forget to watch Ellen weekdays feel more Ellen fund. And welcome to our new listeners on Stitcher premium. Welcome to the podcast in the world. Thanks, everybody. Take care. We would so love to know more about you here at L and on the go, please head over to wonder dot com slash survey. It's a really short survey that will help make this show better. The wonder dot com slash survey. W O N D E R Y dot com slash survey. We'd really appreciate hearing from you.

Ellen Andy Mary Mary Sarah Paulson Kevin Kevin Billy Eichner James corden Ellen Degeneres producer writer Fred savage Anne Hathaway Anne Hathaway Marie condo adele Wilson Taylor Mary Connolly Jessica wild netflix
242: Should You Let Warren Buffett Manage Your Money?

Money For the Rest of Us

29:44 min | 1 year ago

242: Should You Let Warren Buffett Manage Your Money?

"Walk in the money for the rest of us. This is the personal finance show on money. How it works? How to invest it and how to live without worrying about it? I'm your host, David Stein. Today's episode to forty two it's title, should you let Warren Buffett manage your money. Mass month. I got an Email from listener hairy. He wrote why not just by Berkshire Hathaway stock and let Warren Buffett manage your money. I admit I had never really looked at or a valuated berkshire-hathaway as a money manager for seventeen years. I worked as an institutional investment advisor. One of the things that I did is I evaluated investment managers. I would go on site. I would meet with them when I first joined our company we had what were known as the three Ps when evaluating particular manager, we look at their people the process and their performance laters. I spent years analyzing managers, I put it more in terms of attributes with my investment firm continues to us we look at conviction consistency pragmatism investment culture, risk control and active return. But really those three Ps are very good foundation. So this episode we're going to look at Berkshire Hathaway as an investment manager that we can hire by buying their stock. They have A-Shares which are really expensive three hundred and three thousand dollars per share or b B-shares which sell for two hundred dollars a share. So you could hire berkshire-hathaway for two hundred dollars to manage your money. First. Let's focus on people when you are researching and money manager you want to know who the team is selecting the securities. What's the experience, how do they work? Well, together, what's their investment culture? You go to the twenty eighteen annual report of Berkshire Hathaway, they list out their senior executives Warren Buffett. He's eight years old. He's the chairman and chief executive officer, Ben. There in that former role since one thousand nine hundred seventy next is Charles t Munger he's ninety five vice chairman since nineteen seventy eight. Then there's two new roles that, but it was really excited about in his annual letter he wrote before moving on and went to give you some good news. Really good news that is not reflected in our financial statements. It concerns the management changes we made in early twenty eighteen when I Jane was put in charge of all insurance activities and Greg able was given a thorny over all other operations. These moves were overdue. Berkshire is now far better managed than went. I alone was supervising operations Jeet and Greg have rare talents and Berkshire blood flows through their veins. They've had an adjustment in terms of their team with the addition, or at least the more formal roles of able and Jane when we met with and did conducted. Due diligence on investment managers that we ultimately would recommend to their clients. One of the sensitive issues was as the founding partners got older is what's succession plan. How will the next generation calm and continue the investment process? Buffet hasn't really outlined a true succession plan when he or Munger retire. He wrote in the annual letter for fifty four years, Charlie and I have loved our jobs daily. We do what we find interesting working with people we like and trust. And now our new management structure has made her life even more enjoyable with the whole and samba that is with a Gede and Greg running operations, a great collection of businesses, a Nagra castration, it cadre of talented managers and a rock, solid culture. Your company is in good shape for whatever the future brings throughout that letter. They talk about how Buffett and Munger evaluate companies evaluate stocks to purchase, and what becomes pretty clear if we're looking at Berkshire Hathaway as a money manager that able Jane are responsible for the operation in the operating companies that Berkshire. Owns. But in terms of new acquisitions, particularly new stock acquisitions that will talk about in terms of the process, it's very much Buffett and Munger doing the analysis which in terms of evaluating money manager that that that level concentration would cause us some concern in terms of people the lack of succession plan, and the fact that the senior team that is evaluating and making those investment decisions is what they're stoled. They're very good at what they do. They've been doing it for a very long time. But at some point they're not going to be there. And if you're hiring money manager, like Berkshire Hathaway you want that team to be there in that process to continue. Let's take a look at Berkshire Hathaway's investment process. What we're trying to identify here is in. Terms of how a money manager is researching securities do they have some type of informational edge a competitive advantage that allows them to identify mispricing price occurs that are selling for less than their intrinsic value. So that the manager can outperform a passive index fund. Are you paying your hiring money manager? You're paying a fee for them to to make good security selections that can outperform the market. So we wanna know how what's the process? How do they go about doing that? In the two thousand eighteen annual letter buffet wrote let me remind you of our prime goal in the development of your capital, the twenty I like about buffet he recognizes he's a steward of his shareholders capital. He talks about here's what you own. Here's what we're doing in deploying your capital. So it goes on and says the prime goal is to by Abeille manage businesses in whole or part that possess favorable and durable economic characteristics. We also need to make these purchases at sensible prices. Sometimes we can buy control of companies that meet our test far more often we find the attributes we seek in publicly traded businesses in which we normally acquire a five to ten percent interest. Sometimes they can buy the whole thing. They're buying businesses with. Favorable endurable economic characteristics. And they buy them at sensible prices buffet points out in the annual letter that Berkshire has more from a company who that was primarily invested in marketable stocks to one that owns operating businesses. And he says he expects the company to continue that reshaping in an irregular manner. Because he's he's finding a challenge the ability to purchase entire company's hits the prices are too high. And so they're finding more opportunity in buying individual stocks, but he really likes to buy businesses. He wrote even at our ages of eight and ninety five I'm the young one that prospect, a buying entire business is what causes my heart and Charlie's to beat faster. Just writing about the possibility of a huge purchase. Has caused my pulse rate to soar, unfortunately, they're just not been able to define that. They have a lot of money the cash there's over a hundred billion dollars in cash that Berkshire owns now not all that they some of its working capital, but they have the ability to to purchase shoot stakes if they can find that. But he says the immediate prospects for that are not good prices are sky high for businesses possessing decent long-term prospect that disappointing reality means that twenty nineteen we'll likely see again, expanding our holdings of marketable equities. We continue nevertheless to hope for an elephant sized acquisition. One of the challenges with with Berkshire Hathaway in looking at them as a money manager. Is it have a lot of capital if billions of dollars they have to put the work, which means it's harder to find those opportunities is not as small cap equity manager that's managing less than a billion dollars. This is a company was seven hundred billion dollars in assets and a hundred billion dollars in cash trying to deploy it they have to deployed at scale. So makes a difference. And they're having trouble finding those private businesses. So they're buying more marketable securities because they can put that capital to work. So how did they go about evaluating these companies in the twenty thirteen annual letter buffer wrote when Charlie I buy stocks, which we think of as small portions of businesses are analysis is very similar to that which we use in buying entire businesses. We I have to decide whether we can sensibly estimate an earnings range for five years out or more. If the answer's yes, we will buy the stock or business if it sells at a reasonable price in relation to the bottom boundary of our estimate. If however we lack the ability to estimate future earnings, which is usually the case, we simply move onto other prospects so buffet among other analyzing stocks, and they're coming up with earnings estimates. And deciding if the current valuation is justified by this earnings fact, is it cheaper is the intrinsic valued less. Expensive than what would be indicated by their ex patient expectations of earnings, very simple process hard to do which is why they're extremely talented at it. But that's what they're doing. One of Berkshire Hathaway's competitive advantage is this two prong approach to allocating capita. They can buy entire businesses or they can evaluate stocks and by five to ten percent of a business. That's the process when I was evaluating money managers. I would often ask to give me examples of investments that worked out with their gladly able to share. But more importantly, give these provide some examples of mistakes that you made and what you learn from them. And there's a very large mistake that Berkshire Hathaway has made in the last few years it involves craft Hines a food and beverage company in the twenty thirteen letter buffet wrote we've completed two large acquisitions spending almost eighteen billion dollars to purchase all of envy energy and a major interest in h j Heinz this purchase of h j Heinz was the largest acquisition. Berkshire Hathaway had made since two thousand ten when they purchased. Burlington Northern Santa. Affair railroads. Buffet continue both companies fit as well. And we'll be prospering based century from now with the Hines purchase. More of a we created a partnership template that may be used by Berkshire in future acquisitions of size. Here we teamed up with investors at three g capital, a firm led by my friend or hey Paulo. Lemon in this case then in order to because of the need to define these elephants sized transaction. They partnered with a private equity firm to purchase a controlling stake in a company. But the points out that that this Hines acquisition was similar to private equity transaction, but there was a crucial difference. He wrote. Berkshire never intend to sell a share the company what we like rather is to buy more and that could happen. Then in two thousand fifteen base j Hines merged with Kraft Foods to become the fifth largest, food and beverage company. That was in two thousand fifteen last week Kraft Heinz stock shares fell thirty percent. After they announced that fifteen billion dollar writedown, they cut their dividend payment and disclosed that they were subject to a pro by the security and Exchange Commission in regards to their accounting policies. Now that combined companies Kraft Heinz is worth half of what it was worth. When it started trading. Berkshire owns twenty six point seven percent of craft Hines. They took a three billion dollars impairment charge on their investment. And it was one of the largest quarterly losses in Berkshire's history. On CNBC buffet said flat out we overpaid for craft and we were wrong in a couple ways on crafts Heinz. He said we both missed judged the retail versus brand fight as to who would be gaining ground on the other. He mentioned that that Hines had been craft hundreds of years plus advertising. That are built into people's habits. And now they're seeing pressure from Costco's Kirkland brand buffet mentioned that Kirk Lynn or Costco, has seven hundred and fifty outlets, but they're Kirk limp. Brand Brandis fifty percent more business then crafts Hines, but he minute they overpaid. He said anything almost anything at a price can be good. But everything at a certain price can be bad. If you pay too much, you pay too much, and that doesn't change the business does not earn more because you pay more for it. So we bench they pay too much. And what are they going to do? Now, he says we don't pull the plug. They're going to stay invested in craft Hines. But this is important to recognize that that buffet among they're not infallible. They make mistakes, all and vestment. Managers skilled investment managers makes mistakes and the best manageable. Admit when they have made a mistake. The question is will they make better investments going forward to the ability to do that? And how well have they done in the past? What's the performance in? What is the proof that they are successful investment manager? And before we look at that proof. Let's pause and share some words from this week sponsors. When you're selling online getting orders out the door quickly can be tough. That's why you need ship station dot com. It's the fast and easy way to manage ship. Your orders with ship station, you bring all your orders into one simple interface makes them really easy to manage from any device. Even from your cell phone. This ship station. You create shipping labels for all the top carriers, including UPS FedEx US PS annual ship. More in less time with the best available rates. No wonder ship station is the number one choice of online sellers right now. Try ship station free for thirty days and get an additional month free only if you use my promo code money. Don't wait go to ship station dot com before you do anything else. Click on the microphone at the top of the homepage and type in money that's ship station dot com. Enter money ship station, make ship happen. When it comes to planning for the future, the best investment, we can make ourselves. That's why I'm a big fan of the great courses. Plus, this streaming service offers unlimited access to thousands of in-depth lectures on so many different topics economics investing, how the stock market works and much more. The great courses pluses that fantastic course, that I've been enjoying it's called money management skills by Dr Michael Fink of Texas Tech university there he leads the doctoral program one of the premier academic programs, financial planning. The course covers principles of estate planning economics of home ownership essential tax principles and much more. There's so much to learn from the great courses plus, and you can get started today with his special limited time offer for my listeners a full month of unlimited access to their entire library for free. But to get this fantastic. Offer you need to sign up through my special URL start your free month. Now, go to the great courses plus dot com slash David. That's the great courses plus dot com slash David. Dig start your free month. Now. Beginning of every annual report for Berkshire Hathaway, there's a table that shows the annual performance of Berkshire Hathaway stock relative to the SP five hundred as a measure of large company stocks. It's a US stocks. It's an it's a good comparison buffet writes just look at the fifty four year history laid out on page, two overtime. Berkshire stock price will provide the best measure of business performance, and it's done credible. The overall gain since nineteen sixty four is over two point four million percent Quaid's to twenty point five percent. Annualized return? Compared to nine point seven percent who the S and P five hundred. So it's a double that in two if that could continue that be wonderful, but we have to look at performance during a period when Berkshire Hathaway is much larger has billions of dollars of capital that it needs to invest, and so I use that same table to calculate returns over five ten fifteen and twenty years twenty year annualized berkshires stock has returned seven point six percent. Versus five point six percent for the annualized for this five hundred on an annualized basis. So not double. It's it's done. Two percentage points better on the fifteen year period to return nine percent annualized versus seven point eight percent for the S P five hundred for the ten year. It's underperformed it returned twelve point two percent vs. Thirteen point one percent for the S and P five hundred index, but it's outperformed of the most recent five year period Levin point four percent versus eight point five percent for the SP five hundred as an investor your option. You can't really invest in the five hundred you would invest in something like the vanguard total stock market index ETF VDI over that ten year period that did thirteen point three percent versus thirteen point one percent per this five hundred and then again, Berkshire to twelve point two percent. But that was through year end given this situation with Kraft Heinz. And the right down. And that Berkshire owns twenty six percent of the company and it fell thirty percent. If we look at performance through last Friday so February actually through yesterday, I'm recording this on Tuesday, February twenty six th through Monday, February twenty fifth and twenty nine thousand nine the fifteen year annualized return for Berkshire stock is eight point one percent versus the vanguard total stock market index fund has returned eight point seven. So it's it's trailed over the past fifteen years now when we we do that calculation through year end berkshires outperformed and that that's another evidence of of how n periods sensitive performance measure men is and so you need to look at it over different timeframes. But the reality is berkshires it's harder to outperform their a bigger company. And we see this with investment managers all the time as they become successful. They attract more assets, and it becomes more difficult to replicate that performance. So it it will be challenging going forward for Berkshire to outperform to the level that they did certainly not double what the S and P five hundred index is done, but the fast last five years, they've certainly they've outperformed by three percentage points, and that's excellent. Would I invest with Berkshire Hathaway if they were if this was a money manager, and I was meeting with them at their offices kicking the tires trying to understand the people the process the performance. Actually wouldn't. The big red flags would be the lack of a succession plan that this senior investment professionals are eighty eight and ninety five they're still in the trenches. They're the ones making the decisions doing the analysis of purchasing individual stocks. They have other senior professionals that are running the operating businesses, but at least from the annual letters. It's not clear that there's somebody else making those decisions. The second red flag is there's just too much money under management. That they've too much capital to deploy in that will lead to lower performance in the future now will outperform hopefully, credibly, well, but just objectively looking at them as a money manager. I wouldn't hire them to do that. But typically if buffet is not there anymore. Or among I'm gonna at some point. They just won't be fit says. But what would he do? Twenty thirteen. He says my money. I should add is where my mouth is what I advise here is essentially identical to certain instructions, I've laid out in my will my advice to the trustee could not be more simple. Put ten percent of the cash in short term government bonds and ninety percent and very low cost S and P five hundred index fund. I suggest Vanguards I believe that trust long-term results from this policy will be superior to those attained by most investors, whether pension funds institutions or individuals who employ hi fi managers. So even buffet didn't recommend his own stock upon his passing. He recommended an index fund. Which is interesting because Buffett is says diversification is a protection against ignorance, it makes very little sense for those who know what they're doing buffet among a class of their own brilliant, investors. Most of us are not. Buffett says the goal of the non-professional should not be depict winners. Neither he nor his helpers can do that. But should rather be own a cross section of businesses that in aggregate are bound to do. Well, a low cost S and P five hundred index fund will achieve this goal in closing buffet shared some other fundamentals of investing in his twenty thirteen annual letter you said you don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences. When promise quick profits respond with a quick. No. And that's why I invest I don't try to invest like buffet I invest in diversified ETS. Sometimes I'll use active managers if I believe they have an informational edge. I continue to look at them. But the bulk of my assets are diversified index funds because I'm not an expert in estimating the earnings of individual companies and determining that they're selling for less than their intrinsic value. The also points out the importance of fact, figuring out the earnings, and what is the cash flow and basing our investment decision on those earnings estimates as opposed to focusing on just the price of the asset will go up for whatever reason he wrote if you instead focus on the perspective price change of a contemplative purchase, your speculating. There's nothing improper about that. I know whoever that I am unable to speculate successfully. And I am skeptical of those who claim to sustain success that doing so half of all coin flippers will win their first tossed. None of those winners has an expectation of profit. If he continues to play the game. And the fact that he'd given acid has appreciated in the past is never a reason to buy it. So we should never buy anything. Just because we think it'll go up in price and that for for certain assets. That's all we have crypto currency gold antiques. Art, it simply because there's no income no effective way to estimate its shoot your cash flow and earnings then it, that's what makes it a speculation. It's simply assuming somebody will pay more in the future. And it's not bad. It's just that should not be the bulk of our portfolio. Most of it should be investments that have earnings and cash flow that then is upset to forty two shooed you have Warren Buffett manage your money. I'd say no despite how good they have done. Are you want to two hundred dollars? You could use the Robin Hood app and buy a few shares of Berkshire be tried out. See how it goes? But not for the large percent of your portfolio. I wouldn't do that. Show notes for this sort of money for the rest of us dot com. Why are there we sign up for my free insider's guide, and I'll Email those links to you each week after I released episode along with an essay other variable content. I provide just for insiders guides members those that are on this free Email lists or sunup please money for the rest of us dot com. Everything I've shared with you in this episode episode's been for general education and not considered your specific risk situation. Not provided investment advice, simply Geno education on money. Investing in the economy have a great week.

Berkshire Hathaway Berkshire investment manager Warren Buffett Buffet j Hines Berkshire Berkshire Charlie Kraft Heinz security and Exchange Commissi Berkshire stock chairman and chief executive o Berkshire David Stein advisor Charles t Munger
June 14: ET Catches Up with Jason Hathaway!

Raceline Radio

35:14 min | 5 months ago

June 14: ET Catches Up with Jason Hathaway!

"Post to coast in Canada across north, America, and around the globe on the World Wide Web. This is race line on the waistline radio network presented by Subaru and race line is driven by the twenty hundred thousand Subaru wrx wrx sti the a typical sports cards by the Subaru. VR's add the attainable sports car. That's fun to drive and by general tire anywhere is possible. It's just another. Another Subaru. Candidate presentation of your National Radio, Motorsport Authority race, Line Radio Network I'm Eric Thomas. Host and anchors still laboring in the Home Studio Will Weber our supreme commander, and Race Line Master Control Jerry Liuyang with pre production Andrew Holland assuming control of the network this week. The very latest Cope nineteen effects on our sport has things are easing up just a little bit more, we. We have the latest news and most of the NASCAR race results around this pandemic. The health threat has inflicted major damage on our national stock car. Racing sanctioned the NASCAR PNC, series or NASCAR. Canada as I call it. We finally welcome back series veteran Jason Hathaway for his take on what's happening or in this case, what's not happening plus we have a few more entries and comments for. For the Subaru race funny. MAILBAG Trivia contest another chance for you. At the grand prize pack in the race Rap News Nascar starts to let fans back in at Roger. penske says if fans aren't allowed in, you'll postpone the Indianapolis. Five hundred again super race fans everywhere powerful sport powerful radio. It's her twenty eighth year on the air across Canada. This is the race line radio network. Is Lewis Hamilton and you're listening to race radio. Thomas Race Line on the line radio network latest news and opinion on the race line race rap here is the latest results in news package together around Covid Nineteen Nascar Cup mid week at Martinsville Virginia their smallest and a half mile, fighting off lane, entry, penalty and the oppressive heat. Martin True Junior grabbed his first one of the season twenty, seven, th of his career, taking away from Brad. Brad Keselowski with one hundred and thirty laps to go and holding firm the rest of the way, Sunday the fourteenth Miami Homestead Florida with something new to just see him. Yeah, fans, a few city invited spectators, soldiers, and frontline nurses allowed in around C nineteen more on this in a few minutes, the Miami Cup tilt of course too late for the prerecord Cova deadline. Cup points into Miami Harvick. Harvick leading Lugano by Twenty eight expedient trucks at Miami homestead, as well Harrison Britain when the xfinity goal. That's his second of the season Quebec's Alex Labbe Twenty-fifth Dale, Earnhardt Jr. his one off finish fifth, and who else Kyle Busch one trucks. He's won eight of the last ten his teammate last week. Show Gas Canada's Raphael. LAZARD was eleven. Stewart Friesen fourteenth more NASCAR news. They found it necessary. Necessary to ban the display of the US civil war, confederate battle, ensign, full stop, and so far no reported covid nineteen cases. That's good so little more easing up on the health leash leading some fans back in the stands as we said at Miami, they'll do it again. At Talladega June twenty-first, all fans admitted will be screened before entering required to wear a mask. Stay six feet apart and. And there is no access to the infield. Let's see this goes into other series adopted and follow suit you know one of the best things about Kevin. HARVICK's win at Atlanta was his salute to legend, Dale, earnhardt backwards victory lap, and three fingers held aloft out the window. You see back in two thousand and one. You most likely remember a very young. Harvick took over the lauded number three. Three at Richard childress racing after Dale, was killed at Daytona and Kevin's first. Cup. Win came just three races later at Atlanta. That was the first win in my career, and to be able to do that and pay tribute to today was was pretty cool. I've been waiting a long time to do that. We've had so many days where we can do that here. I just love it. It today's drivers respect the sports, history and stars of the past that has Karpin. T series report brought to you by general tire anywhere is possible. Go to general tire DOT CA and click on the NASCAR banner on the homepage to find the best generals for your vehicle Nascar Canada postponing events including the Western swing, and they're still no announcement when they're going to start the season, no. No updates on their website I know that nineteen is still a fluid situation, but some kind of news on a projected season's start from the higher ups would be nice. Wouldn't it coming up in our guest? Segments series veteran Jason Hathaway on what the nineteen pandemic has done to our national stock car racing sanctioned indycar off until race to of their delayed season July fourth on the Indianapolis. No fans for that one and along that line Roger Penske says if see. Still will not allow fans access by August. Twenty third day will not stage the one hundred Fourth Indianapolis. Five hundred on that rescheduled date. We've heard taught. They could postpone the classic again ahead to October if they have to, and they might have to indy lights. The captain wants to fix them. Not running this year as you know, penske will have discussions on a new rules package maybe in time for next season. They just need to get more. The INDYCAR teams to commit to at least. Least One light century to get the car. Count Up to where it counts. Indy lights needs to be on that road to indy ladder right now. It's just India pro. Two thousand more on this next week with Canadian series star Parker Thompson from red deer. Alberta Formula One starting July fifth in Austria, but the rest of their condensed schedule outside of Europe keeps changing as Abidjan signalling for Japanese Grand Prix all officially canceled as the twenty twenty calendar continues to shrink because of see nineteen. Figured for a while those GP's, we're not going to go anyway. With the street events at Baku and Singapore creating huge, logistical and prep time problems f one, though still confident. They say they can run at least eight rounds required for unofficial championship, and why am I, still hearing talk on reversing F, one qualifying grids to spice up the show artificially making the fast guys workup through the slow. Guys don't do that. Don't do that, please. It's a gimmick. Leave the Gimmicks to other series. Yeah, the rally news presented by Subaru. wrx wrx Sti the Atypical Sports. Sports cars even more Cova damage here. The Rally Great Britain, now the six round we dropped from the World Rally Championship calendar the first time a WRC will not run in the UK. The whales based event which to host the second last October, twenty nine. A member first joins Portugal Kenya. Finland and New Zealand on the list of Brown's called off in the wake of this global pandemic on the Canadian. Championship side presented by Subaru. The rally defeat in September has been canceled now leaving five rallies left to run, if allowed October through December will keep. Keep you up to date. When we know world of outlaws X. NASCAR, runner Kyle Larson is tear ended up sprint cars. He tallied his fifth win over seven days a sweeping, the world of outlaws weekend at Knoxville Iowa. That's Larson's third victory in seven outlaws starts drag racing. Yeah, some of the NHRA teams admit with one thousand nine events starting with back to back. Weekends Twelfth at Indianapolis Raceway. Park going into November is going to be grueling to be sure, but as they say you gotTa, do what you gotTa do bikes. World GP firming up a revised. Revised schedule comprising thirteen rounds in Europe with five venues, they'll resume the season with back. toback runs at Jerez, Spain, July nineteenth and twenty six faces in the pit. Sad to have to tell you. We've lost fellow Canadian Motorsport Hall of Famer Legend Epi wheats congestive heart failure in his eighty second year Egbert ftse was known came to Canada with his family from Holland in one, thousand, nine, hundred fifty, when he was only twelve EPI career featured sports, cars, and a Trans am championship to Canadian Driving Championships in formula cars as a formula five thousand and And two starts in Formula One, he was inducted into the Canadian Motorsport Hall of fame in one, thousand, nine, hundred, ninety, three, definitely, one of the good ones Godspeed EPI weaknesses, and what an amazing run by the man they call Aj. Slide ways sixty three year old Johnson Middlesex New York. When a dirt modified feature, recently outlaw speedway and Dundee new. York that marks the forty sixth consecutive season the Johnson the scored at least one feature in a season he started when he was only sixteen, jumping directly into a big block modified over those forty six seasons. Seasons and escort close to six hundred ends at thirty nine tracks in seven states and two Canadian provinces along with five super dirt series titles for Mr Dirt Big Block, four three fifty eight crowns and multiple track titles at We'd Sport Rolling Wheels Canandaigua Brewington Fulton and at six ten CK DB's coverage track titles at ransom villain merit speedways as well many of Johnson's wins, including his most recent came at the buttons of Bicknell modified built by fellow Canadian Motorsport Hall of Famer and Multi. Time tracking series champion Pete Bicknell, of Saint, Catharines, Allen, Johnson and And his younger brother Danny have vastly different driving styles, but they both get it done allen a smooth and consistent easy on equipment, Danny, three years, his junior, more flamboyant, running the high line in thrilling, Danny, known as the doctor has scored over six hundred dirt modified wins himself both are hall of Famers, a superlative racing family. They are, and that's her for this week on the race. Wrap your questions, opinions. Comments on headlines of the news are always welcomed. Let's hear from Y'all as you continue to stay safe and sensible. Share your thoughts, your theories and And your ideas with fellow race, fans and gear heads across the entire breadth of the country could win you the grand prize in the Subaru Race Lonnie mailbag Trivia contest. We play a little later in the show all right well. Let's pull down another pitstop up next part. One of our interview with Nascar Canada veteran Jason Hathaway on the damage. Nineteen is inflicted on our national stock car racing sanction. This is race line presented by Subaru for more Info News on wrx. wrx Sti NBR's said Click Subaru DOT CA. This is the race line radio network. I this is Mario Andretti. Graceland radio returns in a moment. We are Canada's National Radio Motorsport Authority we are the race line radio network I'm Eric Thomas Nascar Canada or the NASCAR series was thrown into a state of seizure with cove nineteen restrictions. The start of the season delayed that still in limbo, several events canceled or postponed including the Toronto indie weekend, and the Western swing through Saskatchewan and Alberta, including Edmonton for tsn twelve sixty, and at this point, nobody knows when the season will actually start. It's assumed they're waiting to see where provincial see nineteen restrictions are going to allow them to run without fans with fans, whatever examining the situation welcoming back. Back a series veteran who was anxious to fire them up as anybody is, he drives the ED. Haskins racing team three Orange Kubota. Canada Fast Eddie. Choco Camaro. It's Jason Hathaway. Part one on race line radio. Jason we start off every interview as we work with the COVID, nineteen pandemic, and we're still wrestling with that. Is that you know we trust that you and and Jamie in the family is well and You're you're staying safe doing what you need to do to stay in business to stay functionalist. Keep the lights on, but the family is. Trust is okay during all of this. Everybody's doing well and doing what we can Stay at home, self isolating doing whatever we can to stay away from people but We got some honey. Do List jobs. And that's always important. Yeah, that's always good. The honeydew jars usually full of stuff there but i. mean that's good. And of course you know your your father in law and hacking son, who was put into the Canadian Motorsport Hall of fame along with yours truly here and you know and he's he's doing well. He's he's well on his end. He's doing. Doing Great yeah, that was pretty pretty special eight to to have had an get inducted in yourself. You know everybody that hadn't what a great night and lots of family and friends over there and see a lot of people, so it's always always fun. Thank you and talking about the schedule changes around covert nineteen. Good Lord you know, Nascar. Cup and trucks and Xfinity have just refired. Formula One looks like they've got at least the first eight races of their schedule nail down the one series. You guys are close to with with team three read, and and you're right in your family is the fact that the Nascar Canada or the NASCAR series? Whatever you WANNA. Call it Their schedule has been ravaged by covid nineteen cancellation of races the Western. Western swing has been has been done away with for this year. You know that's an abrupt adjustment as as a veteran in this series in two halves to different areas really with yourself. How do you adjust to something like that? When you know you have sponsors lined up. Your idea lined up. The schedule lined up and suddenly. That's not what you're GONNA follow. That's gotta be a big adjustment for somebody like you. You know we're. We're for the last fifteen years straight. We've been to Canton motorsports park may long weekend racing sell right You know that was a big shock to. Myself I think I think my wife's been there for twenty years straight so I think so. Even crazier! She's crazy I am. We all know that, but that's okay. You know what we you know it's the the hard part is the unknown. You don't know when you're GONNA. Run and where so if they just told us you know it, August. You're GONNA race here. At this time in great, that's what we'll focus on, but right now it's It's so up in the air that nobody knows what's going to happen and we're all waiting for you know for for the safety factor to be released so people. Can you know get out and get doing some things? Things so The main thing is the unknown part now we are GonNA. Are GonNA to test at the end of June at see, TMP you know just just to get out and get some. Get some racing in Get The you know. Get the cars you know. Shake the cars down and make sure we're ready to go. Whenever that time comes, but it's It's a little tough, you know we've got sponsors on board and not ready to do battle for the summer and the. And, we've got nowhere to go and no nowhere to promote promote Kubota in fast eddie and Choco and everybody that is involved in our program, but it's You know the good thing is. We've got great relationships with sponsors and. You know, we can do some other things along the way in the social media side that helps out Hopefully. Maybe we can do so my nose television. They're working on some television stuff for the series that can maybe help out some of the sponsorship staff makers, replaying some races or things like that on tsn so You know we gotta do what we can do to keep the key people talking and keep the. Sport Rolling through these times. Jason Hathaway drives the team three reds number three Chevrolet in the NASCAR. Series, our guest on Race Line Radio, the family, of course good friends of ours you know not having the western swing is going to seem a little bit odd mean. It's very expensive endeavor to haul everything out there, but you know it's supposed to be a national sanction and the national series, and the fact of the matter is covert. Nineteen is not going. Going to let you guys go out West I. Know that you've been involved in that. As and and so as Jamie for a long time, and suddenly not having to pack everything up. You know someone may say that might be a bit of a blessing in disguise, but that part of the schedule is is always been important to you guys, hasn't it? Yet is it's a big part of the series to to capture the national national side of the series so You know to nocco there this year. I think it makes sense. As far as the Kobe nineteen pandemic deal going on financially for the teams I think it makes sense as well for everything that's going on because I can't speak other teams what they have for sponsorship But you know what when it all comes back. I think we. We definitely need to be a west and I. Think we actually need to be back out east to which I'm GonNa push for strong until people listening so It's we need it and we the teams always like going out there. There is part one with NASCAR candidate series veteran one of. Of their favorite drivers ours to Jason Hathaway back with us on race line radio part two, and what's happening to the series around nineteen restrictions comes up a little later in our second guest segment all right well. Let's click off another pitstop ahead. The world renowned Subaru race line email back trivia contest hand a brand new question to investigate this is the race line radio network. This is Damon Hill. We're coming right back a race line radio. Canada's National Radio Motor Sport of Authority Race Line Radio Network I'm Eric Thomas. Have my Thomas Tales Collins an inside track motorsport news magazine. You can also view Thomas Tales at sports net dot. Ca You know went on location covering events? Everybody get the race line radio network needs to look sharp, and that does mean custom-designed crew shirts for a long time, friends and partners at Fast Eddie race where Canada's motorsports headquarters everything from crew, shirts and hats, driver, firesuits, helmets, gloves, and so much more whether it's an in. In stock item or something they cut to make fast. Eddie's in-house team leads the performance industry and concept, design, manufacturing and distribution with a solid reputation for impact, durability and comfort. They designed their own lines for unsurpassed creative in quality control where the pros where because we sure do fast Eddie race where the official apparel supplier of the race line. Radio Network on the Web Fast Eddie race swear DOT COM so here we go with our. Subaru Race Lonnie. MAILBAG Trivia. Contest and other grand prize pack to win. Win If you qualify by answering. The Subaru Trivia questions correctly in your email comments entries into the break drama winter drawn at random at the end of the on track racing season, and we will get there one day the brand new qualifying question twenty twenty two Subaru wrx. He is reported to come with added engine power hominy. Horsepower is the next generation. wrx Sti projected to put out I should read that again. The twenty twenty two Subaru wrx Sti reported to calm with added engine power. How many horsepower is? Is the next Gen wrx, STI projected to put out okay. US Eric at race line radio DOT CA to connect and enter the Trivia contest and your chance at the prize pack. That's Eric at race line radio. Dot Ca Capital E. R. I. K., the symbol at race slime radio squeezed together. Don't put a gap in their race slum radio. Dot Ca Eric at radio DOT CA connect as well by facebook and Instagram the address their race line Radio Network all three words right there and on twitter at. Line at et race line with us now go to the mail bag. And get some interesting comments. This one came in a while ago, but I never did get to it. for various reasons, but it's okay. Because Keith Baxter has been a long time listener in Toronto on Sports Net five ninety the fan he sends this Eric as you mentioned in your conversation with Norris McDonald it is noticeable that the Toronto Indie. Is is an Indycar make no mention of the race returning in two thousand twenty one, but that is probably because twenty twenty was the last year of an existing three year deal with promoter in the city, and they don't want to announce anything regarding the future until it's renewed, the promoter may WanNa. Make sure they have all the necessary sponsors in line for this race to continue with financial trouble caused by this pandemic, there might not be companies willing or able to support it. At least that's my opinion Keith Baxter. In terms of Keith. Always appreciate your your notes in your loyal listenership. It goes right back I guess I am remembering of course me being as old as I am my memory. Ain't that great sometimes, but yeah, I think he has been listening since day. One and we do appreciate that Keith, you you. You might be on the money, but you never want to assume these things I did. Send a message to the promoters Green Savary, asking about the status of their contract. Contract with the city, and unfortunately as of right now I have not yet received a reply, so I would be guessing as to what the status is with their contract with the city of Toronto and know and sponsors. What have you? We know? They have a very solid sponsorship package with Honda. That's why it is. It is called formerly. The Honda Indy Toronto and I don't have any rumors or anything to make you think that that partnership would not continue regardless. Regardless of the fact that sadly the race has to dark in Twenty Twenty Lincoln did in two thousand and eight, but You know they may be waiting for that. I don't know, but as I say I have sent a message to the promoters savary green, asking the status of it, and they haven't been able to to get back to me, and and that's unfortunate, but there may be reasons for that, too. However, whether you think the race needs to stay. Stay there and not to be eligible for tourism money. It needs to whether it needs to move out to Canadian Tire Motorsport Park. They need to deal with the city. Just couldn't swing it this year, but hopefully the race and I have every every confidence that the race will be back. come twenty twenty one just not able to do that around the pandemic and staying safe because of the end of the day. You want to make sure that. Health of people comes before profits. Send US your contest entries. Comments US. Eric at on radio DOT CA the. Do qualifying question. Twenty twenty two Subaru wrx STI reported to come with added horsepower. How many horsepower is the next Gen wrx STI projected to put out? Okay, let's work on the stop. Wilbon part two of our interview with Park Canada's Jason Hathaway. This is race line presented by Subaru for more on the VR's Ed sports-coupe. Go to Subaru DOT CA slash ers at this is the ranch line radio network. THIS IS JIM SALAAM! You're listening to race, line radio. Canada's National Radio Motorsport Authority are twenty eighth consecutive scenes of only air across Canada. We are the race line radio network. Thanks for spending some time with us. As we all stay safe, responsible and sensible. We heard him in part one, NASCAR, series mainstay Jason. Hathaway and what's going on with the schedule decimated by the COVID, nineteen pandemic at the moment resume even up projected season, start and schedule start, and as everybody guessing as to what the heck is going to happen next, so here is part two of our conversation with the driver. The ED hackensack racing team three Orange Kubota Canada. Fast Eddie Choco Chevrolet Camaro good. Guy Jason Hathaway on. On Race Line Radio. The other big hole of course is that the Toronto India's not GonNa go this year because of Covid, nineteen large events being you know their permits being pulled further. You know the balance of most of the summer. Really you know you guys were there for the longest time and did a lot of great racing a lot of good entertaining. It went dark there for a little while, but but came back relatively recently, and the fact of the matter is. You're not going to be running in Canada's biggest city and that's a deficiency, too. It's unavoidable Jason, but that's another whole that you're. You're looking at as well right. Yeah exactly and and I think I think everything everybody in every sport and racing as well as looking at all of this, too, so it's going to be adjusted schedules. You know, shorten. Seasons might think everybody's GonNa. Have to take it on the Chin this year a little bit. Just hope we can. Everybody can get back to normal shortly, and we can focus on next year I. Think it's real important to build early this year for next year. You know I don't think we should stick with the same plan. As is what we've done in. The past was waiting for releasing schedules and tracks, and so on. We got all this downtime. We're all working Let's start you know. Know let's start working on this year, but let's start working on twenty twenty one to make it successful that that's a very very good point, and and yeah, you're right is is maybe you know look ahead. You can't do much to fix what's happening this year, but you're sure you could do some some legwork. You know to get stuff prepared for twenty twenty one. So guys have a chance to you. You know. Get a solid schedule nail downright and get those sponsors pointed at it, and you know exactly what's going on, so that's a very very good point Jason. What do you? What do you do in the in this time I? Mean you know you've got your your own life to live in the family and everything and the and your and your regular business, but when you're not racing, what are? Are you doing to stay sharp? Some guys are on simulators. Some guys continue on with their with their physical fitness, and all that kind of thing. What are you? What do you do in the gap You know what honestly I haven't done much That's why I wanted to get to the tracks and get some testing at the end of the month. Just want you back in a car. I feel him in decent shape. I'm not a gym, rat or anything like that, but. I want to get back into the car. I'm teaching great one and I in the mornings some days and Babies and chasing kids around. But We've got grandma talk to open the pool. So that's going to get exciting around here in the next couple of days, so we're not doing without having fun in. We get lots of family time right now, so there's always positive along layer you know exactly exactly exactly did some trucks in two thousand seventeen? Of course now we have to fulltime. Canadians ended in Raphael aside from Quebec and he's done some stuff as well and of course Stewart freezing, who's a very? Very prolific on the dirt side with sprint cars, and and with a dirt modified as well. You're just came back into the series. You retired for a little while and came back. Do you look at those other series and think to yourself? It's still would like to do some of that other stuff. You know what I mean. Yeah, for sure I would. I would love to truck race again. and I would say that's probably on the agenda this year if if. Come across the border and get back to see tm in September, so that's that's definitely an agenda and I think. We need to make up some some racing for our sponsorship if we can where it's possible as well, so let's definitely on the agenda. If we can make it happen, but I'm always looking for other things to do. I've had some interesting. Some. You know some dirt racing I've had a couple of guys asked. If I'd be interested to test a few times, yeah, just get some time getting ready for him for the indies ray so Honestly I think I've got more opportunities that. I've got time truthfully. It's a nice problem to have, isn't it? You're right the dirt track plan for US weaken speedway and they've done some business with us over the years I mean that's a whole different deal. I don't know how much dirt track experience you've had. You know like the the the NASCAR truck series with their stuff at Eldora. It's it's something to investigate his. Where we live down a dirt, modified and sprint car country, so we'd love to see on the clay. Bonafide in Grandbaby, and that was my very first dirt race never been in a report, and that Iran where else around run south boxing, one nine dirty model, six hundred fifty horse there which is a lot of fun. We brought the NAS car hauler in and did it a bit of an autograph. Session Southwestern Ontario which which I know a lot of people down that way so. but it was fun. I would look at doing. You know a couple more times if I can no cup, the right team and get involved and get some dirt experience before before we get going with our deal, I mean the car's probably aren't going to be too similar, but I mean. I ask us if anybody who who dabbles both in ashphalt racing in dirt racing. Did you find it a bit of a different deal? I mean there's some guys find it to be a very very abrupt adjustment, an tough adjustment because you can't drive around the corner is you've got to sort of you know as they say in the movie cars. You gotTA. Turn right to go left and break the back in and do some of that. That's not easy for some guys to adapt to. What about you know? There there's nothing similar between to above of them. It takes a while to get used to it I was lucky enough to have a couple of guys that Iran West that had lots of experience is able in I was able to lean on them, but ensure was a lot of fun and I can see why guys WANNA run, dirt? You know it's. It's less expensive been some areas, but it's. It's a lot of fun, too. So you know the whole thing is just smoothing consistency or where the dirt is. You gotTa Manhandle. It sometimes you don't like it. That's. Our special gas, our good friend Jason. Hathaway drives the teen three red number three Chevy. Car Canada or the NASCAR. Series also did some cannon pro series in two thousand twelve. Just see a notice that you just sold your your late model. I'm big fans of those cars and I think you know that and and you guys are to know that that that asphalt late models side is a big tug on a to, isn't it? Yeah, we did. We have that car. We built that car. We Ran SHORT-TRACK NATIONALS UK-US open up the first time there and won that event. DOUGHTY's twice ran. The I W K to fifty Riverside Nova Scotia a lot of fun Yup I mean truthfully. That's why built that car was to go and try to win the UK to fifty so. There's great competition of their great series in. It's not easy to walk into that place and try to win so yeah, we sold that car. It was just honestly taking up space in the shop and we didn't. We didn't air focus was on the NASCAR, Brett Taylor with us now with the HR a Connor James Coming Board so essentially. We got three NASCAR teams now at of out of he hr stable were running out of room for cars. To move in a couple of other selling one of the things I wanted to ask you about is. Is You know an out of every cloud? There seems to be a silver lining in Kozlovsky was talking about this after the some of the exciting finishes that we've seen you know without fans at on the Cup side. Where there's no practice, there's no qualifying you get in their fire it up no rubber on the race track. Get out there and race, and we have seen guys sliding making mistakes because of the situation, but. But it seems to have made the racing veteran guys late Kozlowski. A really liking that. What? What is your head space around? Something like that I mean you guys do a a certain amount of practice. You certainly do qualifying. What about that? Just jumping in the darn thing cold and going racing there seems to be benefits from that on the show seemed to be okay. What you're you're thinking about not having all that prep time is a good a bad thing. What do you think Jason? I think the Cup sided and. They can get away with you, know they? They've got the simulators. The same rigs and saw off clothes off the trailer that the practice is really probably more for oil leaks, breaks and the driver. You know for us in our series I think we. We still need practice not a lot, though don't think a lot I mean it costs US money, right. You Know Limited practice which we've done a good job I usually practiser down like forty five minutes now. It used to be an hour and a half. We practice more than we raised so. Limiting the practice for our series, you know I think made for good racing and and our hair. Oh, our product on the racetrack in the NASCAR fans series is, is competition wise is. There's zero wrong with that with the show that we put on as the race and goes in. It's it's. It's tough competition. There isn't anybody that's walked into this series and then ran away with races. I've been around quite a while, so she in the talent. Wise, it's in. There is by far in stock car series. anyways in Canada's is by far none over anything else. That's out there, so there's some tweaks we gotta make in the series to make it better than this like anything else. You can always make everything better, so it's. It's good. It's got a great car. Great teams very impressive when we unload, and and it's where we wanna be yeah, and it's the national series and. And that's why we pay close attention to it because it is the only national stock car racing sanctioned that we have in the country and the product in the circus that the elephants are always good and always very entertaining. You're a big part of that. Along with Jamie in the family and everybody at at team three read out of time here completely hope we can get some sort of semblance of schedule for the series back here running before we're done with this season because this covid nineteen is really thrown everybody for a loop, but glad you guys are okay, and we'll get back on the track sooner than later, and we'll chat with you again that happens. Thank you Jason. He explains the situation so well. It is what it is, but it's got to be frustrating for all the NASCAR. Candidate series, teams, drivers and sponsors, not knowing what the season's going to look like around this covid nineteen situation there's Jason Hathaway back with us on race line radio always good to have the lead on with us the Hathaway, Atkinson family at and Jamie and yours. Yours truly go back to day. One with race lend radio good friends. They are indeed all right well. Let's wire in that final stop. Men were back from slapper next week. Guess, lineup and more this is race line presented by Subaru powered by the heart, pounding wrx Sti for all things wrx. Go to Subaru DOT CA slash wrx. This is the race line radio network. This is Ross fraud and you're listening to race. Line radio. Eric, Thomas, it's race line across Canada the race line radio network. That white flag means one more to go soul. Here's what we're planning to glued together for you for next week with Indy Lights canceled around nineteen. That leaves Indie two thousand is the only road to indy series in operation. This season we'll get an update. Therefore from series standout Canada's Parker Thompson from red deer Alberta on preps to get started on their shorten scheduled on the card with Indycar. How are these guys adjusting plus more entries and comments for the? Subaru Race Lonnie mailbag trivia contest, but when checkers fly, we say goodbye unanimous waistline. Thanks going. Going out to Jason Hathaway and Ed Haskins racing. Kevin Harvick and NASCAR MEDIA UCS WHO's always to supreme commander will web along with Jerry Lewis Yanga Andrew Allen for operations in pre and post production, so from all of us. Race Line Radio I'm Eric Thomas Reminding you to use your head to stop the spread race line coast to coast and the race line radio network presented by Subaru has been driven by the Subaru wrx wrx, Sti and be ours said You can learn more at Subaru. Dot Ca, and by general tire anywhere is possible. John Again next week and we'll do it right here on race line radio. I?

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Stokely Hathaway Interview- Equalized Audio

Notsam Wrestling

1:01:25 hr | 1 year ago

Stokely Hathaway Interview- Equalized Audio

"Hey guys I appreciate all the feedback that has already coming in about yesterday's podcast specifically. The interview is stokely hathaway. I really really loved the interview but there are a few of you. I've seen your comments on twitter and on instagram. You're saying that the audio quality is not what you want. That stokely stokely sounds too low that I sound too high couple of you have said I'm going to skip pass the interview this week. I just go straight to the state of wrestling. I don't want you guys to do that. The interview sounded fine to me. I listen to it in my iphone speaker. I listened to it on my computer for Speaker. It sounded absolutely fine. Equalize the audio and I didn't like it as much because you could hear more ambient noise more room noise but I said to myself. There's no reason to have an argument. There's no reason to sit there and say well. It sounds good to me so that's it's GonNa be. You know why because the s feet is mine I own this podcast feed. I can do whatever I want so I figure what I do is just upload the exact same interview again. I'm not gonNA touch the original podcast but if listen to this week's episode and you didn't get through the interview because you didn't like the audio quality because the voices were not equalised here is an equalised version of the exact same interview. I feel like we're all happy and we're utilizing this podcast feed for what it's for making people happy. Here is the exact same stokely hathaway interview that came out on the podcast yesterday except the audio's equalised enjoy for the first time here on not that same wrestling doing it the proper way in the not Sam Studio Ladies and gentlemen the man formerly known in some lives as stokely hathaway. What's the hats man was going on? What's going on with you? I mean it feels like you're the man with everything going on right now and I'm me I'm trying. I'm trying you know it's a lot going on in the next few world the next breakout tournament yeah which concludes in Toronto Yeah so I've had my eyes on everyone well. It's amazing what's going on with the next breakout torment because I feel like we talked about this before like every takeover special you're going and this is GonNa make years. You're looking at these generations of N._F._C.. Classes and you can't believe the talent and you feel like okay. This is a moment like annexed. He's having their moment moment right now and all these moments eventually pass because people are GonNa go to the main roster and then it'll be the Monday after wrestlemainia or just maybe some random Monday and the main roster will come in and grab all this talent and you'll go like okay so next to you had their moment but then you you don't realize what's in the chamber yeah and I think what this tournament is doing for the first time is going to everybody. Look like I understand like we've been going off of what we've been going off for the last year and a half or so and it's been the best the products ever been but Tadayoshi look at these guys and yeah it's incredible and they're making everyone week by week. Yeah I think Angel Guards is a perfect example all had to do just take his pants off university. Yeah I mean I wish I could do that. I probably booed right. You might be arrested. Probably you don't know but but with Angel they all love them and it's about opportunities same thing with swerve and Cameron Grimes. It's the opportunity entity. Is there and it's up to you to just take and do you look do you so you're such a unique position right because for the longest time W._w._e.. Aside from maybe Paul Heyman was manager free for the longest time outside W._W._e.. For the last three or four years you've been making a name for yourself primarily as a manager on the independence so before any of this is happening before any of this is happening next t what are your goals in wrestling because it would almost I feel like be unrealistic to sit there and be like one day. I want to be a manager in W._W._e.. Because I'd be like have managers W._W._e.. Eglise talking about man I mean it's funny because all my close personal friends told me that W._b.. Would never be a goal of mine. Well not a goal but they said it would never be attainable. These are the people that you love the most people you count on though Eh if it was three or four years ago it was just impossible so when I first started out it was just a break into wrestling I'm. I'm a type of person to where I make goals every year. <hes> not a long-term goal is just let me see how much I can push this and move forward so at first it was just to be in wrestling just doing whatever exactly right just being a part of this thing yes yes. It's hard as this. You know there's I'm sure hundreds of thousands of wrestlers but how many actually have a name or how many any Ken someone you know say at a show right and the goal is to be like a household name but at the same time you can still be in India name right the name the wrestling fans no is is a huge leap from the average performer right exactly exactly right so the second thing was just to have an any name and that came with evolve evolved was was really the showcase that brought me up to I would say wrestling stardom so to speak <hes> gig sorry Gabe gave me this opportunity and I just took advantage of it and that was the major thing and then even when I was in evolve there was some moments to where I thought hey like. Maybe I could make it to Debbie. Maybe was a possibility right right and I did access and that was two thousand eighteen so that was last year and I went out there and that was probably the most nervous I've ever been because I didn't. I think I was given my actual Promo. Maybe like ten minutes beforehand. Dan and I remember pacing back and forth and the bathroom and a funny story I don't know if he will remember but pacing back and forth <hes> and I'm just reciting the Promo over and over and over and I look back and Mark Henry is in the urinal taking up like three of them he just looks at me and walk up by that time to perform and I was walking back and forth and I was with Chris Dickson and Chaka and normally they're not nervous for me if there's a promo but they were very nervous and I'll never forget jock look demand said hey man. Are you ready for this and I said Yeah and then had to start the promo behind on stage and so as soon as I said the first word just clicked and as far as I know I went out there I killed it and I think that's what helped me get my foot into the door but then I didn't hear anything afterwards and so I think it was in December and by the time you know again I talked about in April. Two December has a long time and at gotten to the point where I left evolve. I was doing stand up on the side just for buzz and it was something that I enjoyed doing and then I started wrestling so I figured I needed to do something to help. Continue that buzz because I think the hardest part about wrestling is everything goes in cycles awesome and the hardest thing is just to keep that buzzed going right. That's why I started doing the stand up and the wrestling and then all of a sudden is that was like we're doing stuff for beyond that that period of time and that kind of started in March I think I Russell Nick Gage Russell Little Chuck Taylor but this was crazy stuff like me wrestling ricocheting page and often one and like hardcore man Canadian into a door all that crazy stuff yeah but I just got a call in December and it was hey are you signing where mayor and I was talking to a few companies and I said well not now and then it was tribulations looking for managers. Do you have things you can send him. Just out of nowhere I was at a bar. I was at a bar this Tuesday in New York. Get this phone call and then it's a tax yes sure and I didn't really believe it right right even then yeah even then you're not like it because I mean think about it. You're so far removed from the idea of. I'm going to be a manager in the W._W._e.. Do you're having hardcore hardcore matchup with Ricky Shane page. That couldn't be more different like it's almost like you said you know. I can't just keep being an indie manager because it doesn't lead anywhere so I gotta start doing other stuff of. Did you know they're sitting there going like Oh. Here's really manager and it's funny because New Year's Eve I was doing beyond and Timothy Thatcher pulled me aside and he sat me down like a child and said hey you have to stop wrestling you. You really have to stop which which was baffling for me. Why did you think you had to stop because it was not good for your health because it was not good for your brand because I mean I will take this as a compliment? Yeah I don't think he minute as like a backhanded compliment towards anyone else or towards me or or when I was doing but he said that I was to talented to Russell right that I was such a good talker and I was destroying the image that I had spent years making I mean it goes at that like Paul Heyman E._C._O._W._A._S. thinking where you completely hide the negatives and do everything you can't do accentuate the positives of course now. You're in this position where you're so trying to figure out what to do next. You're doing stuff that you're not that good at and less less of stuff that you are really good I of course was working because it was such a freak show right the see me Russell right against Nick Gage right in a handicapped match. My partner is Johnson Gresham. This thing ever restroom is on the side laughing his <hes> like his arms across and it was a spectacle yeah so so in a sense it worked but he was more so worried about me being hurt right so it was strange. I couldn't argue I mean he was going to argue with Timothy. Batch so the the plan was to stop anyway after that and I sent my highlight reel and it went to triple H in January so I am actually texting with you know the liaison <hes> between me and tribulation and everyone else and I'm at work my role job so the first text I get his Oh they love it. I'm like okay cool. Turn the phone over the second Texas. Hey would you consider moving to Orlando. I'm like Yeah Okay and then third Texas. Oh what's your email address. They're gonNa make you an offer. That's all one after the other half the other one day. You're sitting at work. Yeah this one until five o'clock wow and so again. I don't believe in have a conversation conversation with <hes> talent relations. I get that initial phone call and then the part. They're really worried me. <hes> was just the fact that there was a background. Check then there's a medical and you have to be in in great health to work for for W._B._Z. and rightfully so of course it's everything is running through my mind. I'm like Oh. Did I not get this vaccine five years old. I gotta give everybody Locker Room. Polio what's going to happen. Just all these dumb and thoughts are just going through my head and so I think I got the initial <hes> full offer. I think it was the end of February now. I hadn't quit my job yet because I thought that was all going to fall through right so so I gave them two weeks notice. The first week was me me actually there in the second one was me working remotely because I had to move to go in Orlando. This is actually happening yet and even then I'm just waiting waiting waiting and then I I think it was the morning of I know it was the Friday before I get an email telling me oh. They forgot to run a blood test so had to do that. The morning of and you're going like this is going to be the test yeah. There's GonNa be the test that goes now. We can't this is it so I did the tasks of course clearly everything was fine and then our report and that was that bit even to this day when I walked into the P._C.. This this real yeah and you kind of that feeling of like okay at some point. They're going to figure out I shouldn't be here out the door like these weird to walk into the Locker Room and Adam Cole and Johnny Gargano and Matt Riddle Yeah talented people are sitting but just this horrible the WHO talks for a living you know what what surprise me though that you you participated in the combine watching you on that rowing machine like I just wanted to prove that you're like hey man. I'm athletic to <hes> <hes>. No new couldn't prove that I was athletic right but I think I had to. I think when I first sign I think there was a misconception that I was just hanging out at the P._C.. Right okay. I'm doing everything everyone else is doing right and I thought that was an opportunity for me to show that I'm that I'm committed to doing this and you're there to work what exactly exactly and honestly I've I've gotten in in great shape <hes> doing the combine and doing strength and conditioning and everything else has actually helped me bond with other people in the locker room yeah because it's mutual respect yeah I think if I sat on the sidelines and said hey because combine was optional optional but it was it was one or test for me and to is it was to show everyone that I am here to do the work. was there something comforting in knowing that like because I would imagine you get the offer and you're GONNA go down there and locker room and everything and you go. Oh my God yeah. I've been in wrestling for so long but I'm going to this place right or no anybody and then you realize that as you're looking around it's like I kinda everyone. I've known these are all the people that I've been working with last you know four or five years or so in different incarnations or whatever in the kind of cream of the crop has all arrived right here it was wild and the locker room was just so welcoming just the people that you'll never expect. I guess like you forgot science there <hes>. I shouldn't say this but they're like the nicest go to you looking for manager. Though it's possibly that's possible I mean I can't I can't speak to everyone else but but they've been extremely nice to meet and welcoming and to me that that means a lot 'cause I was just new face. I was just to do walking in right right but I think that you know I mean. I don't know I feel like there is a a goodwill toward you in the sense that people are aware that you've been in wrestling for as long as you have been and regardless guardless if if you're in the ring or managing like I think everybody's kind of acknowledged that you're really good performer true but I think regardless of where you go when it's a new place you have to prove yourself over here yeah okay and that was my mentality. I know nothing I know a little bit when it's my job to learn the deputy system and how they want me to do it and that was challenging. I mean that was my first two months. There is to take the independent version of me and make the Debbie version. uh-huh not an ahead to look at it as not not not from selfish standpoint. Just what I want to do and what I thought was funnier or whatever it's what can make the most money for a deputy look at my career. What do you have to offer this bigger product like how did not like? How do I go out there and make myself the biggest thing? How does how does how does what I do? Fill a puzzle piece in this bigger picture of everybody making the W._W._e.. Into a bigger thing and I mean I mean it's no different from working at any other company wrestling or otherwise like when you work for a company the reason the company is paying us because you can add value to the company gets its relationship. That really works well for everybody and to make money but it's it's. It's funny. A lot of people don't they don't look at it like that and I think the one thing that really helped was the C._d.. Player bit. I thought I was playing with fire and all of a sudden triple h mentioned it on a conference call and it was how he'd liked different people making their own content and honestly it it strange way. It helped make everything bicker. I know some people on the main roster solid I know some of the writers saw it a lot of the talent solid no it you know it showed that I can take something so dumb bright and small that I created and I made something just go for weeks yeah yeah. It's still going kind of months at this point. I think it started in April or or something like that and it's just this long threat yeah I mean I don't think I picked up the C._d.. Player bitten until way later and like I saw the but I saw the first tweet because it popped up in my time line and I had missed it the first time or whatever but the reason to popped up in my time line is because everything's a thread so is one of those things like you find a show on Netflix and you go. Oh my Gosh I can bend to watch all the episodes right now. Versus the wire exactly yeah. You're like yeah. It's a bummer that the shows off but I just found this thing I can watch all six seasons right now of course yeah absolutely really now. I wonder about the content that you do because like I mean even for me part of probably the most for me anyway awkward or uncomfortable or probably the lease pleasant part of doing this podcast is reaching out to people and saying hey we show hey when you my podcast you want to do you want to and I always think about you and the fact that you have to go up to people like even something is silly which I thought was hilarious as the coming to America bit a bit yes as thirty second video but like I'm thinking about it and I guess it start thinking about it from a producer standpoint for whatever and I'm like there's like eight people in this video and they're all playing specific roles in each one of a matter and I'm going like all everybody in this. This video had to not only agree to do the video but you had to sit down and explain the vision to us. You know what I mean. You could just be like Oh. We're GONNA do this thing and you do whatever you want to do. It's like the the comedy will work if you do this and you do that and you do this and you not only have to have the confidence to ask them to do it and to explain the bit idea and everything but that is actually going to work because if it's lame that's on you. Yes I mean that's always been the big hurdle so the first three times asked people I think the funniest one was <hes> Shayna and I asked her and sheeting get it at all because that's the other thing people have to protect what they're portraying on television like chain of as there can't be goofing around about a C._d.. Player she's most dominant women's champion of all time of course right. Keep that in mind everyone is in character even myself yeah and I have to make myself the butt of the joke when the video that's cool too but I know chain a trust me. It's going to work so we filmed it. She thought it was kind of funding when we filmed it and then once I put it together because I did it right when the show was going on. She died died. When are you going to post it? What are you going to where I was intimidating? I'm like listen. I'M GONNA post it timing matters to earned the goodwill of anyone in the locker room because they know that it's going to be funny right so even with the coming to America video I pulled everyone aside and I said hey have this idea and even Deanna and Chelsea and Karen. They're like okay and so it just it blew up of course I. I don't know what it is is. I'll just wake up and I'll have this video or this concept in my head and then I'll try to flush it out and yet but for the most part it's it's I would say eighty percent Improv. Wow Wow with everybody involved or video so you're I mean that means you're bringing out like probably talented people didn't even necessarily know they had like comedic Improv. I don't know if I can take credit for that well. Maybe I'm giving you much credit. Yeah you're probably right. So when did you find out that it was like that stuff was being well received not just by fans but by the office by the locker room like the okay. This is actually something because I would I would think that's something you're a little bit concerned about that you. No the fans are GonNa dig this but like if everybody around. You thinks that you're douchebag. It's like the intention I think it was just in passing. Just people saying Oh hey that was funny more eight. It'd being shared in my group chats or I think once wants. I noticed that people on the main roster started to pay attention. I think the most eye opening thing was big. E tweeted about it <hes> and he tweeted. I hope stokely hathaway gets a C._D.. Player back it really has spread right right especially because he has become the king of twitter so it's like okay. I got the cosign from big good to go and to me. That's that's when the ball really really started to get rolling yeah so when you see when you start it when you start in wrestling the I kinda big thing he did it would ring of honor right and you did two years with them when you leave ring of honor and you just kind of venture off into the independence. That's gotTa be a pretty scary thing as a manager because it's one thing for a company like ring of honor the thing about being a manager there is I mean every company has quote unquote managers but there could just be some random guy. They're doing bobby Heenan Spitzer whatever's but like to be an effective manager you have to have storylines built in and you have to have people that you manage every single show and there has to be this sort of you know regularity to it right and so the ring of honor that would that's something you could do because their shows every month or every three weeks wherever off and they were running and it's like there. Is this storyline going when you off into the independence independence and you go woman be manager. I would imagine that's gotTa be free scary because you don't have a homebase anymore. It wasn't it was not scare. It wasn't so maybe it's like a sick intuition that I have always he's had but when I was in ring of honor I didn't really do much. It's not a slight on them. It's just I think one. I wasn't fully prepared for the role that was put in in two there was no real opportunity to to grow as a performer right so and they're so wrestling heavy anyway you know and at the time there was like six or seven different manager <hes> and it was just a lot <hes> everyone was trying to vie for for that spot and add the chance to work for evolve and I was pretty much given an ultimatum made them ring of honor or evolve and so I chose evolve <hes> and I knew that if I would've stayed in ring of honor I I just would have been there. There would have been no opportunity to become stokely hathaway or two or to even and be sitting here. You know it was things to where I felt like. I like I need it to do the same thing with leaving evolve one thought it was crazy but I knew that if I would have stayed in evolve and this isn't a slight on Gabe or or anyone there I I I wouldn't be signed right now. Eventually you have to just and I hate this phrases so cliche but you have to bet on yourself and say hey you know what these all my chips. I'm just GONNA throw him in the basket and see what works I see. What does it become a thing where like okay? I've been in a certain place for so long that like okay what I do is now. I don't want us to take him for granted but it's like it's defined. I'll say that like what you do is defined so if you want to keep doing the exact same thing over and over again. We'll keep you forever. You keep doing nat yet but there's no growth of course right but with evolve there was there was nothing else for me really to do I think it was I managed T._J._p.. <hes> and the whole point of me being involved was to help him look like a star for the crews away classic so did that which Gabe loved <hes> and then it was a transition period because T._J._p.. Left and I remember gave asked me hey like what would you want to do next and I pitched us and I thought he would say no now and it was a managed Thatcher <hes> so I wrote up this whole thing and it was about its couple right. He was depressed champion who wouldn't even carry the belt because catch point there were bullying him so me being the piece of garbage that I am I would manage him and our carry the belt narcissistic I would love to be the all champion right and it just worked and that lasted. I think maybe a year and a half and so I managed devolve champion with the Mike Seven eight months right being there right and then it was the tactic championships and then I think cashpoint had two or three rains with that so I had done almost everything there was a do any vault and I think gate says it all the time you know. Sometimes it's time for you to leave the territory and try something different. Is there more of a worry when you leave evolve because you know there is I mean you end up at access to do that. Show cooperation. You know you know triple h William Regal you know these is our on evolve. If of course W._W._e.'s aware of everything on to some degree or another some less more but we know I mean you know evolve is going to be on the W._W._e.. Network we know that the stuff that happens in evolve there is a direct path to theoretically to W._W._e.. So to leave it's almost like okay this. I'm leaving that I don't WanNa say easy path but that kind of pat that's already been walked as well at that time this was last year. One thing that I didn't want was to be stuck and I didn't it was it was really clear what the relationship between evolve and W._b.. Was I see and I wanted to be signed. I didn't want I see I didn't want to just work for evolve which makes sense done it already right. I was ready for for for the next chapter so once I left that's when I said I really have to move forward and do all of this stuff and to make myself a star and that's why I started doing the stand up right right right wrestling inches all just kind of just just took off yea from there and I mean you can't really say enough about timing right like you know you can't really put your finger on wins the right time to do what but but things tend to happen I mean the timing worked out perfectly my last match and beyond which was was the main company that I was working for as Andrew Wrestler it was against Eddie Kingston so the storyline which we didn't really get to finish was the fact that I left evolve and I was going crazy. That's why I was I was wrestling and so eventually I was losing my mind right so when kinks beat me that was that was that was my last match and beyond right and he just powered by me on a bunch of chairs and Tim yelled at me. Afterwards just went away yeah did you how did you did you garner new appreciation for hardcore wrestling when you started doing more and more of that stuff. Did you enjoy it on any level. Did you say to yourself like Oh. This is why should have been manager. I mean no. I I had a lot of fun. The only time on when I was like Oh like this really sucks was match against Ricky Shane Page and this was maybe the first three minutes yeah I was up top ready to hit the Canadian on him. He went to slap me but I turn my head. It was like split-second and he caught me in the ear and then it was a silence of your thing so the eardrum just completely ruptured and that's right at the beginning of the match on I did a dive and then I went back to do a second. I've and there was a huge miscommunication for the second dive. I thought he was just going to hold the chair and drop it and catch me. He thought I wasn't going to dive all the way so he swings it like a baseball bat. Yeah and I have the clip on my phone yeah me and he hits me so hard I flip mid air and laying actual share back. I so must look spectacular yes but that was a moment to where I just I was like what am I doing with my life right. How did I need you? I and the crowd erupted and I was fine actually doing this. They like this so let's say you don't get you know the call when you get the call. Let's say you don't have that conversation with that or do you feel like it would have just kept going. Do you feel like there is the possibility that that you start dipping into death match wrestling and things like that like how far do you think you would have taken that thing well. The plan was and maybe a handful of people know this. I actually was going to W W in February and I was going to train for two two weeks and that was going to be kind of the last who raw <hes> wrestling because I'm be learning from Walter and Thatcher and then the whole wrestling storyline would have ended in March and I had arranged to where I would have transitioned back to becoming becoming a full-time manager. I gotcha okay so there was there wasn't exit strategy yes same time I had another offer on the table so it was it was a really we are time from December two. I would say February yeah a lot going on so yeah. That's so interesting way. It's only three months but it's like like like that must feel in your head like it's such a long time because so much stuff was in the air and so many decisions are getting made much happening yeah. I was stressed in my in my apartment here. The lease ended the February so that's like real life telling us you know. Let me stay landlord unless I paid. I think it was two months rent <hes> the state for another month because I didn't talker pylon moving in time yeah saying I'm not GonNa pay you for staying a month like that's insane. One month's rent for saying insane. No I know what it what she would have kept d security security deposit if I would've stayed in charge me for for that month's rent and I so that was assigned from God just to make a decision right away and just to leave and it all worked out have you. I'M NOT GONNA ask you mentioned any name so you can feel free to be honest. I <hes> if he's not the most positive thing in the world but have you had instances where you know as a manager. Your job is is to get other people over but a lot of this fun stuff is yours. You know what I mean a a lot of the stuff that interacting with the audience a lot of the Mike stuff like that's yours. Have you had interactions with people who you are assigned to didn't think they needed a manager or didn't yeah of course and how do you handle that. Like how do you because you can't. Sit there on the show yeah yeah yeah. That's my response rice. It's okay if you don't like it happen. Any volve had happened. I would say maybe my first year of doing all these different. It was a storyline of me trying to figure out who to get again because at your went with with Walter it was like this really weird story to where Walter took my client and I was extremely hurt by it and there were people who I don't know if you remember the thirty for thirty not that I did a lot of people didn't WANNA be part of it that that was actually the first video giant video that I wanted to make 'em people just did not understand our promise game and Sal said listen just trust me to to do this. It's going on the work and so I paid for that out of pocket and so there were other people in it and they just said no we think is stupid or they had other weird demands and how they wanted to change it and I just said Okay I just did it myself off and it turned out better that way and then of course a few months later it was all man look I wish I would have you know like maybe next time this no. I don't think so yeah and it's weird if you may have deleted a lot of those tweets but if you go back and look at that time period if there or tweets still up that's when I started changing a lot of the graphics and promotions to to me being the focused as opposed to pushing wherever you're yeah yeah. I thought there'd be a lot of pushback but it worked. I think if there is a balance with annex t when I was with monster read anything to where it was the both of us wasn't just stokely hathaway <hes> it wasn't just you know what other name I was using at the time. It's it was me and Bronson Awesome. Really we're a dual. We're a squad and you know if if there is someone who says I don't need a manager it's okay. This is my job. I still have to collect the paycheck. That's not I mean. You never tell me that you don't need a manager. Tell the people were asked me your managed the promoter but for the most part even before I left for anyone that I was paired with they enjoyed it because a strange as it sounds a lot of times. I had a bigger following whoever I was managing so it actually helped them a lot. <hes> the Christian Kosovo was in limbless. That was someone that I said okay sure they they wanted me to manage him and I said okay. It's my job to help get him over. Not just at limitless would just overall on the Internet and in wrestling in general so when you get signed and you go to Orlando and you're in annexed and you realize like okay it takes. How long does it take before you start to settle in and go okay? This is I'm here. I think maybe adjust several weeks ago. Really every day is different. Yeah of course Jay is different and for me. I think if I get to settle I don't. I don't ever want to get comfortable of course for some people. That's that's a good thing for them. I mean no. You'd like to stay on your toes. Yeah everyday I walk in. It's just I don't know what I'm walking into right good way I think we had this was the most surreal moment we had a show for the sometimes we do these internal shows shows and triple. H was there undertaker Batista and you look around and it's like does it. Does it say the rock. I'm going to forget my promo. It's it's it's one of those things you really really have to be on your game twenty four seven. How much time did you spend figuring out the difference between talking like you and talking like a wrestling manager does because I still to this day? Watch people do promos and it's like you know people who ask ask for like they think that they need these long promos and then they start with like we'll let me tell you something well the thing about it and I'm like I've seen this like before. We even know what this thing is about. I've seen it all ready. I know the cadence. I know exactly cleaner rhythm in which you're speaking. I've seen this thing before. How long did it take you to not go okay? I grew up watching wrestling managers. I'm GonNa do arresting manager thing and just go. This is what I do. I'll be honest the main the main influences were probably black comedians. It wasn't now granted. I watched Freddie Blassie. I watched Bobby Brain Heenan Paul Heyman and everyone else Gary Hart but it was Bernie. Mac uh-huh was Robin Harris. It was Martin Lawrence. <hes> I studied the way they talked and that was oh okay. That's how people relate they right someone. That's that's talking like a real human being right and those are the guys by the way that have the ability to stand up there for for sixty minutes ninety minutes plus exact and get you for the entire time exactly and they were put in any role they could do TV <hes> they could do film and they'd be put into something the most hostile stand up crowds of course in other words Yup that you were solidified as a comedy great and Robin harasses one of my favorite comedians maybe kids is probably like my favorite comedy album and so it was a lot of that was a lot of that humor and getting that that rhythm of the cadence down and that's what I try to us and then relating it over to a Wrestlemania of course yeah and it's it's been working. It's kind of strange to say but I think and I will say even when I got to annex T it was still an adjustment <hes> as I still have to <hes> throughout how to do it for for their crowds yeah yeah I mean crowded and understand like you know like humor summer and speaking in an entertaining way there are certain cadences where people that are familiar with what you're doing are instantly going to be like. I know what he's doing. That's funny like I like this and people that are from another world completely are GonNa go. I don't get this. What's happening of course and you have to find that middle ground going? How do I just make it so that everybody gets it but I think that's why I'm grateful? The fact that I everyone has to do this but some people start out on on T._v.. Right away started doing the way they call the coconut loop <hes> so we're somewhere in Florida every single night <hes> and I had a long conversation with we rigaud about it and he said that it was okay to fail I can I can try something different every single night. It's an issue if I fail I keep failing over and over and over but if I'm trying to figure out my rhythm in my reuven and who this new version of of Stoke Hathaway is supposed to be <hes> then that's okay right right. What does what the shows are for right? I mean that does go back to stand up in the sense that it's like a stand up. The doesn't bomb is not a stand like you know what I mean. It's expected and you get when you get comedians around each other. The first thing they start doing is telling stories of colossal bombings when they're just going and you know they've been doing this for thirty years and then they try something new and they get in front of an audience and it just is dead in the water. You go okay different in my head yeah yeah. That's a different deal but you're right. You're you're on live television. It's not really an option. Oh that's it. That's it and the good part is we have writers. Yes so in a sense I've been extremely bless. Thus far that when I worked the coconut shows I they will give me a bullet points but I'm allowed to write most of what I want to say and now and I will recite it and I won't rehearse it it for them and they will give me the okay. There's minor tweaks here and there sure but it's like you said earlier just just I I learned any evolve. Keep Short <hes>. I don't need a six minute promo to introduce myself or anyone with its you give me sometimes I'll try to in my head say a minute and then when you pause for the audience reactions actions or just little things that happen in May go two minutes and a half but that's the perfect live yeah yeah I mean word economy is a is a toolbox that a lot of people leave behind. It's pretty valuable yeah especially when you're dealing with live audiences there. There's wrestling at the end of the day of course I mean and if you're the third promo of the night you're really tough spot because they've heard one version of this. They've heard another version and then by the time you come all know another one right. Oh it's your job to keep them entertained and not make them resent the fact that they're listening to a third promo so we'll wrestling. Did you grow up watching I so I started watching really weird time. I've told this story before but I didn't. I wasn't a fan of rustling growing up. Yeah have a dot here because you're such a fish to water with it. You would think that it's just in your boy. I'll have a brother we're non years apart younger and he was a big wrestling fan so I didn't really get into it until this was probably mid attitude era uh-huh so for me it was also I was in high school and I'm trying to figure out what Rudy bucaneers like. We're doing this. Not Why does this guy has eyebrow flipping everybody off. I don't understand disrespectful. It was such a disconnect for this doesn't make any sense I was reading marvel and X.. Men and everything else and so it wasn't until sports got your book Comic Book Combat in stand up comedy yeah. That was your extended comedy. Okay that was it. I remember sneaky Dave Attell C._D.. You know because my parents would have been horrified that was listening to but I started watching it with him and I'm like Oh. This is great yeah. These guys are are assholes and they're literally doing whatever they wanted to do and it. He gave me a gave me like a weird sense of self confidence too because I'm like if they can do that then I can do that right and then I started watching it and then how I really got into it. This is a real crazy part. I was in Grad school because I want to be <music> an actor so everyone had to do like a thesis project and I'm trying to think the breaking point was someone day it was I think C._S.. Lewis <hes> he did one of his place and it was the most horrible thing of it. In my entire life uh-huh you who directed a player you play. They chose both when else through so I was home and then I think it was it was a ring Amman or d._v._d.. I think it was Siham. Punk uh-huh sample okay punk versus. I think homicide and I was watching it. I'm like you know what this is an art form clearly but in my montlake something just clicked storytelling starts to click in and narrative the whole thing the structure of what's going on yeah yes I e mail my professors and this idea and they all thought I was out of my mind. That's a lot of your ideas start. Yeah most people rag. Only this is so stupid. It makes no sense. If you WANNA flock you aren't paid us thousands of dollars. Whatever so I trained to become a wrestler and that was how I wrote my thesis and so I originally trained crazy story with Mike Quackenbush so Zarro Oh and Sarah D._R._A.? My original trainers with the intention to not be a wrestler but to write a thesis on the price and I remember I did that for four months and I remember saying I'll be back on the go yeah okay because people were just quitting left and right right. I'm sure they thought I was the last person because clearly you saw the combat. You can imagine what my first four months arrested trading. I mean it's not like some of us are blessed with Lennox home of us are established establish from a young age that I two could not be a professional in ring competitor. I just didn't I don't have the DNA formulas I get it. I was just imagine a turtle with broken leg. That's probably the most accurate description but you can't even get the momentum it'll legs hated but they did because they helped me right. The paper like I interviewed all of them and then I graduated and I came back the next year and there were shot to see me <hes> and then I kept doing the professor think they loved it they did they loved it. They thought this was the greatest thing ever so I turned it in. I remember I sent a copy to Sa- Zara and I think the one thing that he said we'll sue look. I thought it'd be longer then I continue training and then there was an opportunity so you continue training just because now you kind of fall in love with yeah oops. I thought this was just the thought that was just doing this project and now this kind of just paid all his money to be an actor her but whoops I just found wrestling over here and I couldn't stop it was it was probably one of the most difficult things that I've ever done but for me. It was just like a head to keep going because I was surprising myself do my first Ford role will and not tear my quad. Oh right you know it's progress and I can actually see yeah and so I just kept doing it kept doing and then once again. I guess I guess in the in the acting world like you could be the greatest actor in the world but so much of it is just like. Is this the right project. Does this audition work. Is Today your day like there's so little to actually quantify whether you doing better or worse yes but in wrestling like especially because your athletic to begin with yeah like when you start being able to do athletic things you're going. I'm getting better yes yeah and it feels good. Yeah crazy thing too is like throughout the whole period all my actor friends were were broke. They were dead broke so I was slowly slowly becoming more successful and also making money and wrestling which for all intents and purposes like it should not have happened right but all my friends who are doing off Broadway and Broadway. They're broke right now. I mean now. I'm sure if I know actors actors to they're probably going like how does twitter followers yeah yeah. Hey how'd you get all those people in instagram like you know what I mean. They start realizing there's a little following even in the very beginning like the following obviously grows tremendously but when he I would imagine you start to grow this following yeah and people that I mean at the end of the day there's a few people that wannabe actors for the craft but most people want to be famous yes and when they see this happening. Oh was he doing yeah but that's what that's what helped me get into stand up as well the fact that I had this following I don't remember I did busted open and it was to advertise first comedy show and he's all of these wrestling fans. I'm like Oh wow like I. I think you know that that you may have support or or like a fan base. That was the first time that I really saw it and and actually met something more because it was something outside of wrestling and half people come to see me do support you now granted. It may have been to see me fail. which was you know? They were all their George Annella. was there the fact that he came to see me do stand up and just think he had broken his leg so he's on crutches coming in to see me before him yeah it was it was wild yeah yeah. It is Kinda not when you realize there's people support report me yeah right yeah. I guess I should keep so. Do you have any does any part of you. Though like the deeper you go into wrestling go you know my passion was acting like I don't or once you locked into wrestling. Is that passion kind of Lockton I mean I think I'm doing it. I I have the best the job ever. I think I'm doing both I view wrestling as a performance <hes> at least with with my part so I have to get into character and so it's it's when I walk out there. I am a certain way when I leave. I am a certain way <HES> and I'm sure you've you noticed like the person that you see these videos and on and on the shows it's it's completely different person in person and I it's the something that I get into and it's it's an art is running for for me. <hes> I'm sure some people may be offended by me saying that but but that's the way that I can. That's the way that I can <hes> trumping of the right word. It's the way that I can make everything successful accessible for me through that that Lens right and and also like you know you should be apply when you get a set of tools you know that you would get Grad School. Yeah you should be able to apply those two things things. You're doing if you're sitting there and you're doing you had to Grad school right now. You paid a lot of money. Grad schools not cheap and you're doing a job and you're realizing nothing. I didn't Grad school applies to this whatsoever. You gotta be sitting there going like why why waste all that time and money right. I stopped at the highest level crazy because I think I'm probably one of the few people who actually want to Grad school doing what I went to Grad School for everything that I've learned from vocal techniques to stage combat combat to production values to just just everything has been used in wrestling. Does it bother you when people in the acting world or in the arts communities don't take wrestling seriously not really because I think is one of those things where it's it's hard for different forms of entertainment to appreciate one of another <hes> so for me as whatever you know Yeah Yeah Yeah Yeah. It's on them. Yeah that makes sense doesn't bother me at all so and now that you're signing everything. Do you sit there sometimes and maybe you're doing this before and cry. Do you watch do you watch the main roster shows or even next he shows and start fantasizing about like Oh. They paired me up with that person. They pair hear me up with this person like Oh we could do something there. We do something here like those thoughts. Go through your brain. Not Really I mean. I tried to watch raw smack down to a five live in exceed U._K.. I try to watch everything with the Lens of everyone everyone that I'm watching on T._v.. T._v. for a reason so how can I my game to reach their their level ICEES bet yeah. That's the first thing that I have in my mind. It's not really like a fantasy booking thing because I don't think that I'm there yet and even if I saw something great like I couldn't be like Oh. Hey you know what me in brock I think I think that's the that's all I think you know Thatcher worked and that was I gonNA odd couple. Brock also would be ah together so I think that whichever we should do it and I mean I know Paul now. I've heard you're making some decisions so maybe I take over no okay what happened to remember his name Yeah Yeah but you more drawn on that for inspiration of going like like wow. These people are excelling at what they're doing. Kevin Owens has been a huge help since since I mean years ago but but especially now and I he's one person that I specifically watch because he's so good at what he does and for me. It's like that's that's level of of Promo work or just just even just like his facials like his body language like that's. That's the level that I need to be at so when I'm watching the shows is really to to say to myself okay. How can I take something that they're doing and and try to not not copy of course not not emulate but but they're doing something how can i? How can I find my tricks or you know my little my little quirks that can show on camera that can make me adobe superstar so we were talking about managers and stuff? You brought up not just kind of the the eighties classics that Bobby Heenan isn't Jimmy Hart for you. Were mentioning Gary Hart. You're mentioning all bunch of people able there when you started to really dive into wrestling because it was later for you. Did you just go back and start consuming everything you had to one. One big thing that try not to do is I will watch it but I can't watch a a lot of it at at one time because I think we all have the habit to kind of like copy order or to pick her yeah yeah yeah so even even with Paul Heyman I will watch him but I won't watch a lot of Paul Heyman at one time because I don't want to cut a promo saying my name is Blah Blah on my clients. It'd be so easy 'cause he sounds so good and that's his thing yes this thing in unless those paying tribute to him but I think it'd be highly disrespectful to to do something like right so for me it was you know unless I was specifically assigned like I worked for <hes> one company at this point and I was I was I think the second Gary Hart like this kind of what they wanted me to be. So of course I'm going to try to pick up little things because I was specifically. We told what they wanted me to do but for the most part it's you know I went back and I and I saw okay like this is. This is what a manager is supposed to be. Yes so you know let me let me try to figure out my own way about talk about doing it. What do you think that Sweden salary sweeney? He's one of the best yeah I mean. That's because I was thinking about you today and there was like who does if there was any comparison to draw from and I I always think that's high praise. I know I know probably uncomfortable accountable for you but that's that's where I started because I often think like how far could Larry Sweeney of gone I mean I think he would have been signed. One hundred percent one hundred percent. I think he might have brought back managers years. Yeah I agree with you one hundred percent but also it's funny that you said that it's I think you have to give credit to Selena Vega and also one hundred percent to drink maverick. Yes yet also Lee rush because yeah absolutely they ushered in this this new era of of managers managers in W._W._e.. And all three of them are so I mean they just became so undeniable. Yes that you you're just immediately. I mean Zelina Vega from Jump Street was like Whoa this whole nother felt like anything that got thrown at her. She was GonNa make better like I think she's incredible watching drake. You know kind of come onto W._W._e.. And you didn't I did not see that signing happening thing and then you're going like okay for two zero five live. I get it and you watch him. Become like a highlight of raw these killing it's amazing. It's amazing what what all of those performers are doing and so they ushered in yeah this this opportunity for me to just gets on yeah and I appreciate it and it's nice to that. I feel like as a W._W._e.. And it's got to be nice for a person who's in the position that you're in. I do feel like that as W._W._e.. Is kind of slowly slowly. Bring me back the role of Andrew. They're not managers. You know everybody's got different titles but actually liked it. Everybody has different titles because I feel like there was a time when it would just be okay. We have a bad guy. Let's put him with some manager and we'll just do it like this. It's a formula formula and now it makes sense like there's a reason it's not like Zilina. Vega is just this evil woman with this stable of bad guys man. Yes should this is my client. I am business manager of this person. Paul Heyman is not like here's the Heyman guys yeah. I'm hearing advocate for Brooklyn new hire me to advocate for him and I feel like the same way you know you're you're in a position where you know that once once you find exactly really what your niche is going to be. I think it's GonNa make sense. We can have faith that it's GonNa make sense. It's not just going to be a manager for the sake of being manager that I'm just a guy right yeah and that's and that's something that that we've been working well and when I say we me and everyone on on the creative team is how to figure out how to name me and I came up with with something and I think it was ahead to it was one of those things where and I appreciate appreciate this. They didn't get it at first so had to try it on different live events and they got it and I I would make videos and send it you know Senate to them and then they kind of got it and then slowly but surely they're like Oh. I know exactly what this is so hopefully it will make it to an extent but it was one of those things it was. You know let's let's try to figure out something different to where I'm not just a e manager but I mean even then you probably go back into Grad school because what actor doesn't put themselves on tape to addition yeah like it's the same literally the same thing. You have to the one thing it's crazy. The one thing I was told is when you get to W._b.. Like you don't have to worry much like you know you know. Get rid of the indy hustling mentality but I think it's the complete opposite. Yeah is complete opposite. I will film stuff all the time I will videos reform promos. I will come up with ideas and not in a in a pestering thing but it's going. This is what I have to offer funny. It can be serious aloof. You know all these different things because that helps make their job easier yeah and also lets them. There's no reason to take for granted that they know everything that you're capable like that would be pretty egotistical. Go on your part. Just feel like warming here. Can you look at me and tell that I'm great at every like you should know I can do all of these things yeah. What do you think please if they don't like something? It's like okay cool and I think that's what the P._C.. has to offer. It's like you're back in school like rice your job to train and learn and come up with ideas. It's not you just show up here right. I got my contract. Put me in my spot yeah yeah. No you have to work for yourself. Yeah Yeah and that's it should be. Do you practice facial expressions in the mirror. I used to not as much anymore because you got your got him down and you so do you. How does how does how do you work with memes? Do you have a folder on your phone full of memes. Do you have all your references. Is there just in your head and go ahead so you. There's a scene in a movies and this would be great spot for this scene for this person going <hes>. Do you know how many times this before I got sign. Of course I would just Google Kooky from like new Jackson. They do it anymore. That was my go-to. I'm like Oh. This is a really dumps the yes because yeah I'll I'll sit there and I'll like I wonder if he has like a special folder for just replies. Do you have a facial expressions folder. Now you know yeah it's it's I would say. Maybe I'm trying to think the last time I look I think it was like five five thousand images just my twitter folder and how just go on just what's appropriate here my favorites. I have some photos favorite and I'll just go back and just like where some people vote like my phone. If you go through my favorite you'll see like a whole bunch pictures of my kids. You'll see one of my daughter's. It's me right just for crushing in the mean game so it's like you know. Obviously you're doing something right. I hope so you know nobody. It's hard to stop yet. Yeah Yeah I also I mean you your your. Do you feel responsibility to keep that sort of pop culture education up to date I mean I I feel like you have to although very smart thing by leading into like ninety s yes ninety s culture or because again it just like the facial expressions that's locked him like you're good on that but I still feel like you do bear certain responsibility to have an awareness awareness that other people don't need to have sometimes I do think it is my job to be entertaining <hes> and that's one thing that I've kind of struggled with its. I'll be honest it has been M._I._T.. Entertaining like we'll this take away from whoever will become <hes> on an x t television because they weren't taken seriously because they're waiting for like a Don. Thanks in harmony refugees or something yeah but I think I think it's all about finding that perfect balance. Yes why that's why I've changed some of the stuff that I've put out there uh-huh in hopes of leading to that too that direction but as far as like educating people yeah kind of like today was the anniversary of paint and four I re tweeted that because most people would have no idea in the coming to America. It's just stuff is in my head and I'm like why not share it with the people who follow me because I'm guessing that they follow me because they have similar interests right so or at least like you referencing all that stuff yeah so. Did you grow watching a ton of movies too I did it was just pop culture non-stop non-stop yeah. I'm the same way that's why I sit there like every single reverend yup fantastic Sanjay Dutt one day dude I just I love your twitter. It was like how old are you and it's like okay. You're that checks. That's about right. That was twenty one or something right. I'm a huge research back and try to pull out no no you I tell because some of them like I'm like this isn't a retro reference like this isn't a reference because this isn't something people talk about him yeah. This is something you only had in your head if you're alive at the time yeah this isn't like all remember like nobody says. Remember this yeah yeah but it's in your head yeah so it'll be there all the time. All the stuff that most people would hate is just yeah well. That's fantastic. I feel like we could do a whole `nother show on Comedians and movies and whatnot and at some point we will will but I appreciate you making the timing of course this has been great. <hes> pay now or you're going to do like probably like cash APP. What about cash type thing 'cause I'm well?

wrestling stokely hathaway Paul Heyman Timothy Thatcher twitter Orlando Grad School stokely stokely Debbie Toronto Ricky Shane Gabe Mike Quackenbush Polio Texas Tadayoshi Angel Guards Cameron Grimes Eglise
5 Summer Vacation Stocks

MarketFoolery

17:45 min | 1 year ago

5 Summer Vacation Stocks

"It's Tuesday, June twenty fifth walk them to market foolery. I'm Chris hill. Joining me in studio back in the United States of America. It's Jason Moser looking, tanning and west it in ready feel like in my defense, I probably always looking tan to some level. Like I was adopted. So I don't know necessarily the bloodline there. But we've all determined that there must be some Mediterranean in me. But yet, maybe someone who sees you pretty much looking more. Maybe a little bit more. And there was a lot of sun there. Your little bit closer to the equator goes to Riga. Yeah, we'll get to that, and we'll get to some drama or maybe not drama between Warren Buffett and three g capital will unpack that as well once again, we're gonna start with a big deal this time in the healthcare space. And I'm saying healthcare, just the huge umbrella of healthcare abbvie buying. Allergen Allergan, the maker of boats. Socks. This is a sixty three billion dollar deal cash and stock Algan. If your shareholder while you're having a heck of a good day because the buyout price is forty five percent higher than yesterday's close. I am curious though the fact that Algan is now only trading up about twenty five twenty eight percent higher. We'll get to whether or not this deal goes through. But this is this is yet another big deal. Yeah. The I mean, whether it goes through is going to be interesting, just from the perspective that it wasn't all that long ago that there was an offer made believer allergen for for quite a bit more than today's offer. But then, also the recent calls have been for the company actually to split up and spin off some of its assets to realize more value that way. And then you find yourself where you are today as shareholder in the deal and is, is gonna be the best way to realize value for our shareholders. I don't know. Maybe I mean, I feel I it is a deal that brings together to companies that can likely do more together than separately. They're not a lot of overlap there. I look at this space, it kinda feels like that chip maker space in the sense that they're always stuck on this wheel of never ending innovation. You've always got to come up with something new the next big thing. And if you don't come up with the next big thing, I mean, the fall from grace can be pretty pretty severe. But I mean you know with our I mean, that's I think most people probably know it for talks and. I'm a little bit conflicted. They're just because botox I know there's some therapeutic implications there with migraines. It seems to be more something people associate with wrinkles, and like, cosmetic stuff. We gotta wonder how really necessary that is. I mean, other than just someone's vanity and I don't really have a lot of sympathy for that. But, you know, I mean it's a difficult one of work drugs face a lot of scrutiny in they're going to be plenty failures. It's questionable honestly today, whether you should be using some of them so interesting to see how this plays out. Well, and yesterday Dan climate, I talked about the merger in the casino industry with El Dorado and Caesar's. And that's one that, you know, at least to here damn clientele over the long term. That's you know, the he feels good about that deal, clearly, based on what's happening with shares of abbvie today. Looks like there, plenty of people who don't like this deal or. At least think that they are paying too much for elegant because shares abbvie are down about fifteen percent, and it's not like this stocks light in the world on fire the last eighteen months. Yeah. And I mean, you know, we talk about that a lot in that the acquirer usually feels a little bit of a pinch on the day of deal and the, the acquired feels a little bit of a bump does seem like these are heavier reactions than we might normally see. And I mean I do get that. Because when you look at our. In its overall business. I mean, you're talking sensually between botox cosmetics and therapeutics. That's more than two point five billion dollars of the company's overall sales, and that growth is clearly slowing down. I mean if you look at those numbers, but then when you look at the two companies combined. I mean, there are risks out there when it comes to generics. I mean, a lot of these drugs that they that they've been benefiting from for so long starting to come off Pat now generics threat. There was a there, a depression, drug, I think reasonably that our had trouble with in. I mean, again, I mean you go back to this idea that. I do think we are hitting a new generation new generational mentality that is going to question, whether we need a lot of a lot of these drugs. I mean, whether it's a depression, and they're serious, serious problems either. I mean, I'm not making light of, of something like depression. I mean, any any of these things require attention. But, but if you re any these commercials for these drugs, I mean it becomes now more. They read off it takes more time for them to read off the side effects and potential implications as opposed to the benefits of the drug. I mean you remember that Simpson's, I got to always go back to the Simpsons, right. Do you remember that Simpson's awhile back where? Homer was approached to be the spokesman for Viagra. Gain, do you remember that a lot? It gives you a lot of hair in what you need down there. Beth Ryan, and then but the possible side effects include loss. Oh, scalping Pena's. That's what was said next. And that's what these drugs always feel like you'd see this little benefit, and you're like, oh, well, that's nice. But then you hear about the side of why knee hell, what I take that thing it sounds like I may die. Maybe I'd just rather do it on my own terms. There is something I think they have to figure out there and I'm not sure so, so simple because because it does feel like the it feels like this base is only becoming more pointed in that direction, where you question the benefits versus the costs. And so the consolidation is not terribly surprising. But to companies was slowing growth doesn't necessarily make one company that can accelerate growth. Speaking of slowing growth, let's talk about craft Hines because shares are down about fifty percent or so this year. There have been reports of trouble between Berkshire Hathaway and three capital bears. Remembering that those two teamed up a few years back to buy Kraft Heinz and got a lot of headlines at the time, and rightly, so in part because Warren Buffett has or certainly had up to that point a track record of making acquisitions essentially on his own. And so, at the time it was like, oh, here's this new deal. Also buffet has been critical in the past of private equity. So it raised a couple of eyebrows berkshire-hathaway with team up with the private equity firm, even won the reputation of three g capital and then go out and buy craft Hines. Apparently these reports. You hear little rumblings here, and there, it never struck me as something that was front page news. You know, maybe I missed it, but I know that the Wall Street Journal had some splashy a headline on the front page about some big rift. But apparently, Warren Buffett felt the need to reach out to CNBC and come out and today and say that there's no tension between Berkshire Hathaway three J really downplay these reports. And I don't know. I, I don't know your reaction. But my reaction was well, first of all, given what's happened given the way craft Hines performed particularly over the last two years, the write downs that have happened for? Berkshire Hathaway the fact that buffet aside to come out and say, oh, yeah, we paid too much for this. I think any reasonable person would expect there to be some level of tension, seems like a little bit of, you know, he protests too much. You're slag messages, just it made me laugh on my way to work because he just like really shouldn't there be some tensions because. Yeah, you're right, there should be stock has gotten killed in for, for a lot of a lot of non necessarily easy to reasons. It seems like I mean. Misreporting notwithstanding. Right. Restatements notwithstanding this on its surface, this, thank you. Just add parenthetically. Yes, craft also some accounting problems. And it does mean that's not it's certainly we've seen other companies that have had that. And I mean it's you're talking about something that's very fixable in. You can recover from that. But I think the thing about this deal that always struck me it on the surface, it's right in his wheelhouse. Right. Is just consumer brands not tech related. It's food. It's something you associate with your arch all that really. I mean, a lot of these brands we you and I associate with our childhoods, and I think that's part of the problem really. I mean I know he said that the biggest problem facing crab Hines is that Hines overpaid one merging with craft in July. And then they made a mistake and overpaying for that investment. I think. It goes far deeper than that. I mean, I think that these are brands that are they're not resonating with, with younger generations of consumers today. And I don't think that necessarily changes so quickly, particularly when you see the attitudes towards what people are eating the brands are coming up from that in the nature of being able to get that get out there and brand Bill didn't exist when we were rowing up via social media and other other channels. I mean, I just it's not to say that this is some, you know, trip zero I don't think that's the case. There's value in Kraft and Heinz Philly cream cheese and whatnot. But I know I don't look at those as brands that are going to be leading the way going forward. And I think that. You know, for for them to think that overpaying was the problem. I think misses the point tireless. Well, and I'm not I'm not rooting against Berkshire Hathaway. I'm not rooting against Warren Buffett, I but part of me just to be completely honest. Part of me is heartened by the fact that. Yeah. Warren, Buffett's human. Sure, you know, and he would probably like a mulligan on this one and from time to time we talk about sunk costs and how that's hard to fight against as an investor turns out. It's hard for Warren Buffett to fight against because at the time of this deal in twenty thirteen one of the things buff, it said at the time was, oh, yeah. I've had my eye on hind going back to nineteen eighty so for more than thirty years. She had on some level, but look been looking at the Heinz business and saying, boy, I show would like to get some of that. And ironically, had he made that investment back, then I'm sure things will work that a lot better. I mean I think you you really hit. On something there that I would love to know like given a mulligan. And if you could have this deal for half of what you paid for it would would you do again. I would ask buffer that would you do it again, if you can have it for half because I mean, maybe he would maybe would I think the value investor in quite possibly, would, I would still question that, but yeah, I mean, again, it just goes back to sometimes things are cheap for reason. US news. And World Report has come out with their annual list of the best places to travel to Paris, coming in at number one, followed by New Zealand's South Island than Rome to Sheedy and London running out the top five number twenty nine on the list, Costa Rica. Now I did note. And I do wanna share, you know, not only what kind of time you had in Costa Rica with your family, but also to the extent that you had business takeaways. But I did note that in their right up US news and world port included this caveat when it comes to Costa Rica, and I'm quoting here, just make sure you plan a visit during the country's dry season between December and April. And I read that this morning. Check her first question. I'm pretty sure Jason's trip fell outside that win. It definitely did. And I mean first and foremost, I think my lovely wife for lobbing, this idea of. Many many once ago because once she said, Costa Rica, I thought, hey, I'm all in place. We'd never been loved to go visit, and so we planned it for awhile. Thankfully, for us, the weather worked out, really well, and we had a couple of days that were total rainouts in just very fortunate that on those days, we didn't have anything planned in the house that we rented was on top of a mountain on the Pacific Ocean side of the country. So, you know, we had a nice view and, and easy way to spend the day even even when the weather was bad. But I mean that's first time we've ever been I loved it. I mean, I feel like if you love nature and wildlife and animals, that's a place. You really need to go visit, I can't speak to the other side of the country. But I do know that on, I mean, from what I've understood the Pacific side is, is better from wildlife perspective in, in certainly, we got to see a lot of from a business point. I know from following you on Twitter. You're reading. John Carey's, book banned blood. Yeah. Yeah. That was just entertainment. I mean that, that was I had I had spoken with Greg, Greg gauges, a member of ours at, at full fest. And, and he just told me because I was waiting actually just watched the documentary on HBO. And he said dude, read the book, then watch the documentary or watch the documentary, then read the book, but either way do both in. And so I took him up on that in no regrets. It was a terrific book. But I mean when I when I yeah, I look at that trip. And I think men, there's so many things I did that. We did that touch my portfolio in one way or another. And I'm sure like the easy thing is to come back and talk about payments and travel. Right. So I'm not gonna talk about that because I think about that before traveling, but because of Costa Rica because of the nature of the wildlife side of it, like we went to an animal sanctuary one day where they're helping injured animals in the jungle recovers, they hopefully put him back out. We went horseback, riding one day through the jungle and on the beach was really cool. Saw. Just tons of wildlife. It was so cool. And it got me thinking that one of the company do I talk about IOT X laboratories a lot on the shows. But the other one that really doesn't get as much attention Izzo, Edis, ticker. There is E T S, but they're the business of animal health medicines and magazines. So whether it's companion animals, like dogs, cats horses or its livestock animals. Zo Edis is essentially the world's biggest company when it comes to the spun out of FIS or a while back. So a little bit of a bigger company, perhaps the growth, isn't quite like, you know, some type of rule breaker, but plays in a very, very large and growing market pays nice little dividend. Well led I own shares personally. So ETA struck me as one that just from the wildlife perspective. I'm certain that some of their stuff was being used down there. And then from an entertainment, perspective, beyond the book. I really do. Think Spotify is building a really strong entertainment platform beyond music. I think podcast I think it's going to become an entertainment. Platform that people use for so many different things. And they've got such a large user base. Now with a lot of a lot of data, they can pull from that. They're, they're building their own content Hamad think you're gonna be able to a lot of stuff with. And so, I think spot of has another one, the fats domino award that goes to Tripadvisor the L ain't that ashamed. It's such a helpful service in for whatever reason they just cannot Bill the compelling business from it. I mean, I again, I mean I said, from the Bahamas and Costa Rica was accepted. I just got so much help from Tripadvisor on the trip there for whatever reason they've not been able to build a really compelling business out of at least yet, maybe that'll change, and then the one to keep an eye on. I think even when you take a bake -ation in a word never seems to escape you, particularly if you love your work, like I do so with new air service, I was in touch with some people here, you know, back and forth. And slack was really, really helpful from that perspective. So that ticker is w. Oh, are K new listing obviously. But everything from work to got to go. Have dinner down there with Mario, gotta and his wife Sophia. Their fools have been to Austin event and the more recently fast. So we got to go see them in their home country and have really cool post a picture of that on slack, and people here at work loved it. So a lot of different things that platform, does I like the integrations with other companies we like out there that are doing stuff, helping workplaces communicate better. So that was that was, what was going through my mind when I wasn't completely unplugging. Nice cloudy unplug and made it back. Thanks man as always people on the program if interest in the stocks, they talk about in the motley fool may have formal recommendations for can't settle buy or sell stocks based. So what you hear that's going to do it for this edition of market for this shows mixed by Dan Boyd. I'm Chris hill. Thanks for listening. We'll see you tomorrow.

Warren Buffett Costa Rica Berkshire Hathaway Hines Chris hill United States Jason Moser Algan Bill Riga depression Tripadvisor Wall Street Journal America Simpson Bahamas Kraft Heinz Dan climate
Thursday, May 9: Dr. Jennifer Ashton &amp; Anne Hathaway

The View

38:31 min | 1 year ago

Thursday, May 9: Dr. Jennifer Ashton &amp; Anne Hathaway

"Hey, I'm Brad milkey. And I hosted new daily news podcast from ABC news called start here. Every day. We get you up to speed on the story that are going to be driving your day. We get important context from experts with on the ground access, and we do it all in twenty minutes. So start smart and subscribe to start here. Is there something that interferes with your happiness or is preventing you from cheating? Your goals better. Help online counseling is there for you. Connect with your professional counselor and a private online environment schedule secure video or phone sessions plus chat and text with your therapist listeners. Get ten percent off your first month by going to better help dot com slash view. Subscribe now to our podcast to get hot topics delivered every afternoon, and while you're at it rate us in labor review, the topics are hot, and the view is live heroes and told the kids who thought back during the Colorado school shooting and tau they're demanding adult grow up and work. Together to find solutions plus Oscar winner, Anne Hathaway talks about doing the hustle with rebel Wilson. And if sheeting into the call to play a female, JAMES BOND, and Dr Jennifer Ashton shares how her family was shattered after her ex husband took his own life and how they picked up the pieces. Here come hot topics with Whoopie. I'll be Huntsman joy Behar, sunny Hoste and Meghan McCain. Now, let's get things started. So. So stem school students in Colorado who bravely fought back against the shooters are being honored wake of the tragedy. Cluding Kendrick has steel who made the ultimate sacrifice to save his fellow classmates. Here's what his dad said about losing him my life stopped yesterday. When I found out the news that he was deceased. You know, I mean, literally we wake up and go to work, everyday and come home. We do things together for him. That's not there. You know? It's taken from us. But he did what he had to do. And I knew that was my son's nature that was who he was. He's gonna protect people. Yes. It told his son not to be a hero in an active shooter situation and his son answered that he was raised to help other people and wouldn't think twice about taking action. Because that's how he was raised by his mom and dad, and unfortunately, isn't this the wakeup call that we all have to have these conversations with our kids now, but how many wake up calls? Do we have to have as many as the Tam more lives have to be taken as many as it takes? You know, I think that is is the hardest part is just this keeps happening and happening and happening, and he's an he's a hero that he was an only child, but the school was his family. And so he lunged stopped the shooter or to try to give the students some time to hide, and he obviously saved many lives. But my issue is that the kids. Are the adults in this conversation? It is the kids time and time again that are saying we need to change. We don't wanna live in fear anymore. We don't wanna lose the friends that we love. Why are they the ones that are handling this DC's not handling it? The adults aren't handling kit is the shame of this country that the children have to pretend they're the other children is the shame of this country. And that we have so many feckless leaders who do nothing about this situation. How many children have to die before somebody does something it was in in New Zealand? It took one mass shooting for them to ban. All all assault weapons. Not that this was an assault weapon situation. But many of them are in Australia. It took Justice days to ban automatic and semi automatic weapons. They took a stand. Of course, they don't have an amendment kids who took a stand. We mobbed them. We mopped families who's lost children in sandy hook. So you had to we get how do we get that conversation going because clearly. The defied line is not working. I, you know, eighteen years old to have your life stolen from you. As the mother of a sixteen year old. I'm I was so horrified. I cried. But I as Joyce said, you know, our kids are having to protect each other. And it's it's it's mortifying that that's the state of our country. I know when we had Dr Joe Biden here yesterday as a teacher, she said one of the things that she does first day of class is that she has to teach her kids about active shooter situations that wasn't my first day of class. My first day of class was about learning about my other my other classmates, and so I think the change starts with our vote. You know, she said that Joe Biden would take care of this. And so we know people out there aren't gonna take care of. To take care of it. They will end on both sides people have tried to take care of it. So the question as since the conversations are so polarized. How do we get past the polarize part and actually start having the conversation because you know, politicians have been shot at you know, children are getting shot. So there's a conversation that isn't happening in them trying to figure out why the money don't you and see where all this money is going usually that's the situation. That's what truly behind everything like is. There was a vigil yesterday with with these students and highlands ranch high school, and there were actually two politicians Senator Michael Bennet and congressman Jason Crowe who were speaking out about the need for gun control. And actually several hundred students walked out chanting mental health because they want more emphasis on what's going on with the these alleged shooters who had a history of mental health issues. And as we know there are people in the past that had been flagged by the FBI numerous times, and then somehow let loose, and I think that it's a holistic conversation as well, not just about gun laws, which is a valid one, obviously. But also about why we aren't paying attention to people who have who are struggling who have serious problems who aren't in control of themselves. I think that's also something we need to well. Oh, I mean every country has mentally ill people and yet they're not having these mass shootings. And so people have to think about that. You know, what these kids also said we don't want to be used as political props. And I think that is so well, I think the politicians went too soon. I don't I don't think they should have been there yesterday. I think kids should have had the time to be with each other. And and because that's the response you get, but but I like what you the direction you're going in because it's multifamily yariel with. It's not just one eight persons to pull the trigger excitement than who. Is that person behind the gun? And how do you get there? There are a lot of factors. I think sort of gun control certainly is a factor. But mental illness is also a factor. And I think our teens are under so much stress at this point. There have been studies that say twenty percent of youth ages thirteen to eighteen live with mental health conditions, including depression and anxiety. And in fact, in two thousand eighteen the American psychological association found that youth h fifteen to twenty one are especially concerned about guns and school shootings, and they are more likely to report mental health issues. And so at this point, they're not only dealing with teenagers. They're also concerned about being shot at at school Marta now together, I'm Disentis his past trying to pass a law. I don't know if it's done yet that the teachers should have guns. Now, they think that more guns the solution. I it's not one more thing. Kendrick castio who is. The student at died. He idealized his grandfather who served in the marines. And he kept the flag that was draped over his grandfather's coffin close to him. And his dad said he loved patriotism Spanich by nature, but we love America to the core. And I think that's a really beautiful message. And it's really horrific that we have to be talking about this horrible tragedy. But kids like this really are get make you feel hopeful about the future. Just in the sense that he loved America, and he sacrificed himself, but it is a horrific. It is horrific could go we'll be it was Riley Howell. Your remember what happened at UNC Riley? How twenty one years old? He was one that charged the gunman and knocking him down. You always wanna think you'll step up with these situations, and you will you will help. But I can't imagine the fear in a few days ago. Brendan vilely. I hope I'm pronouncing that right? Billy eighteen years old another there was another. He helped him he helped him. This is another kid at the same time helped disarm one of the suspects here. And all those kids in Florida calbos. Cal those kids. Are you know, look, this is where we are. Right now. This is where we are. So in the words of well, it's not exactly the words, but cleaner, we have to get off the pot because this is this is no longer acceptable. And we've seen it take the lives in little tiny kids and we've seen it. The life of eighteen year olds. And at some point we're going to have to figure this out or we're going to have a whole bunch of kids who are moving this way because they don't want to be shot, and that should never be what you think about at school. We'll be back. Later. Don, jR subpoenas. Does a Republican led Senate committee still want answers on what he knew about plans to build a Trump Tower in Moscow. Promise that you'll never find another like me who never find your fears strong, independent women, then right here on this view, five women that would stunned sweetheart. View. You get this information in this may just look voicing their view and not the way Amy Poehler Sierra come into in debut, her hot new video, Ferguson, your she heating what jumper Howard Stern. Gayle king. Eric Stonestreet, Allison Williams and Nathan lane bluff as the twenty twenty race eats up. This table heats up to with these voices, come into a rock, our political view. This is what the show does proud of it. We're the views on ABC. Oscar winning star of the hustle and Hathaway and Dr Jennifer Ashton opens up about life after her ex husband suicide. Okay. Welcome back. Alex having birthday. I didn't forget we got into another. It was just couldn't just. And today. Today is her birthday was many years ago today. I'm not that many was a couple of little scanner you daughter. No. But you know, when you see see she wants to be here for bring your kid to work day, and I don't call. And then I forgot to say have birthday, I sent her a whole bunch of stuff, but happy birthday Hal. Born in eleven o'clock in the morning after even gonna tell you how does that couldn't even believe if your daughter just had a birthday to see did she officially a teenager as of may fourth on Saturday. And what was what was so great? Was Warner Brothers allowed us to scream Pokemon detective Pika chew with a bunch of her friends on Saturday and the movie comes out tomorrow, and Hugh these kids love that movie much. I would encourage everyone to go out and see it because I mean, I haven't heard teenagers laugh that much at a basically an animated film. Unbelievable. So thank you weren't soon. That for me. Thank you. Now. Good. Well, I just you know like that. Verve. Yeah. Sean, I'm three one two. I'm three one two. That's what I'm afraid of. So the Republican led Senate intelligence committee is not done talking with an oxymoron, Johnny junior. There's a lot of speculation that they may want a couple more answers about how much knowledge he had about the Trump Tower Moscow plan, you know, that's the to build the big hotel in Moscow in some sources say he may plead the fifth. What do you make this? I just don't under- well one I don't understand why they have to subpoena him because he's already spoken to this committee, and he voluntarily spoke to the committee, and he said at that time that he was just ten generally aware of this Moscow project. But then Michael Cohen testified that he had ten meetings with Donald Trump junior and Yvonne ca Trump to talk to them about the Moscow tower project, and they set they were really peripherally involved. There wasn't really much of what's so interesting about this is the first congressional subpoena for that we know of for a Trump family member tells me that he didn't want to voluntarily come at ASO a bipartisan effort Senator Burr who's well respected publicans circles public. Yeah. Yeah. Then I like Senator Burr his job. He doesn't want to be liked to he wants to get to the bottom of what happened. And clearly there's still some question marks. So we don't really know exactly why they wanna bring him back. Well, it must be is. My Cohen telling the truth were you briefed ten times or were you just peripherally involved? I don't understand this either because he did eight to nine hours of testimony in front of Senate Intel already and twenty seven hours of testimony in front of various committees in total. That's a lot of testifying. And I want to know if he's going to be out in front of congress and making me laugh be out pulled out in front of congress. And you know, we're going to watch it live because this is a guy you have to think about how insulated he is. He pretty much does interviews with people who are like minded people on box. You know, he's in circles where he's he's like a beloved figure, and it'll be interesting to see someone who's insulated as a beloved figure before to testify in front of people people loved the in Trump circles. Yes. Based Trump as people he also feels cutting out. I'm just I'm like, but I just. Julia's love larvae realize I he's not going on. I also think he feels vindicated right now. Because maybe there was all this talk about, you know, Trump junior going to go to jail, you know, once we hear more about the molar report. And if you read his tweets right after the report came out, I mean, he feels like there was a lot to celebrate. That way. Now, they will say they will say, I'm exonerated case closed. Meanwhile, the democrat says sending them subpoenaed slept the Watson. That's what you want to see him testify joy a lot of your every one of them on television testifying. Must be. You can gay their crew down this. Yeah. Then do you want to? Ability. Where we I'm wondering about this bird this Senator it's like really all of a sudden a Republican. He's doing the right here. Really great guy. No, he's as actually being. You can't do that. If you know we've been saying true housing kept. Why aren't they stand while somebody standing up? Yeah. Somebody's standing up and say, I d- I on. Well. Yeah. The fact that he said out loud. I want to see him in my office is like on the principles. I want to see him in my office this afternoon and. I mean. Yeah. You you betta Konta my off. Well, you know, I think that you have to and you'll go if you don't bet what it you find out, Dave. Won't we? I find that. If you end well. Well, we'll find out if loaded job because it is. I'm going to jail. I didn't take Trump Tower in their done. Now. We'll be right back. Welcome back. There's a new reality show hitting T as C call smothered about moms and daughters who take their relationship to new extremes. Take a look. If the water is still hot, we will share the bathwater. I have the strongest influence in her life and without my blessing. I doubt she'll take it to the next step with you. Would you accept my love? This is not right. What do you do give it back? Yeah. Sascha question. There's a water shortage apparently. Beating that us. Why? Remember when we were elsewhere. We had the housewives on. Yeah. And one of the ladies mother, she was having trouble with a mother, and we had the mother and the door and John handy. Manny, Burress guy and her mind her mom Joyce enjoyed her husband. Yeah. Said you need to back off and let her make her own decision woman is over twenty five. Yes, what the hell and the back one. Is. So it's so disgusting. Only did they do that. They let it get films. For us to a new will do anything to Calvin. Look at us. When getting backwater with Malone. I know. I wait getting Beth what went y'all. I know I was I'm so close to my mom, actually, speaking of bath with my cats together. No, my mom takes every night Pasha down to me a little break there. I was afraid. Because bath time like I remember coming home after like hanging out with friends, and my mom would be in the bath. And I I would sit on the bathroom floor. And that's when we had like some of our most memorable conversations together. I would tell her everything. No, I would never share her bathwater. Plane it he'll the bat. I understand the relationship in the bond. You can take a bath through the Tra. How long what is it? Yeah. Release in the war. I never did not sitting in there. I never did that but I have done. No, not that young a little bit older, it'd be trend. So what is the age bracket training? No toilet train. Then. Like a hard. No to I know so hard. No, no, not on this one. Not somebody that we know very well. Yes. Use that with her daughter. Yes. And they were it was. Twenty five. We'll be right back. Oscar winner and star of the hustle and Hathaway gives you the real deal on an epic online conspiracy theory about her and her husband nags. Better. Help offers licensed professional counselors specialized in a wide array of issues like depression, anxiety and grief connect with your professional counselor and a safe private online environment. It's a truly affordable option and listeners can get ten percent off your first month by going to better help dot com slash the view fill out. A questionnaire to help them assess your needs and get matched with a counselor. You'll love simply safe is award winning home security that knows it feels good to feel secure in your home blizzards blackout burglars. Simply safe protects you through it all twenty four seven try simply safe with free shipping and free returns. You'll get a sixty day risk-free trial to order now and have your home protected within a week. Go to SimpliSafe dot com slash now. To get started today. That's SimpliSafe dot com slash now. Be sure to visit the site. So they know we sent you. Get cash back for shopping. You were already going to do racket in is a free member base. Loyalty program that lets you earn cashback on shopping it over twenty five hundred stores like Macy's best buy Nike and more. Shop online internet percentage of every purchase. You make up to forty percent cashback every three months members are paid the pay pal or another method. Sign up today at racketed dot com. That's our A K U T E N dot com. And the new comedy the hustle Oscar winner and halfway plays a master con artists who teaches co star rebel Wilson about one of the easiest targets to to hit. Take a look to men what? No backed off. Frontal picking a threesome what what is it? What's the answer? They want to be hitters. There's nothing more compelling to amend than evolve. Nergal woman upset. Wow. You can tear up like that. He can just balance a T rod on that lower lead. Can you make the tea roll down your cheek? Oh, oh, okay about Kenya. Make go back up. Come Anne Hathaway. I'm always amazed that actors can just start crying like the drop of a hat to that. What do you think about that moment? I try not to think. I'm really hard. Not to think, I don't know. It just you know, it's coming up. And so you kind of think about what would make the character like why what would make them emotional. And then I read something Bryan Cranston said once which he said when you know, you've a big crying scene drink a lot of water three days before. So you don't get dehydrated and it works. Knows how to act. The tears come fest when you're hydrated, so. Yeah. And you can do more tapes because you know, sometimes you would I don't know you could exhaust your tear ducts, why does that sound like it makes sense that will great now? Tip. It would come in handy in your personal life. Also. No, I use I use it for good. Come in handy. This. This film is a remake of the nineteen Eighty-eight comedy dirty rotten scoundrels, which was very funny. Steve Martin now. So Michael Cain. Yes. You believe that your con woman is not in fact, rotten. Why not well, I think look I think it's all contextual fun. But I do think there's a difference between female con artists amend. Cock male carnival. Oh, yes. Gosh. That's a hard thing to say. And I think that when you look at kind of the way the world is stacked currently and pay an equality, and you figure that women depending on their race make anywhere from fifty four cents on the dollar for every dollar away me it's up to seventy eight cents you figure we're the ones getting conned the kind of rigged against us. So. Yeah. If if you play by the rules, you are getting taken advantage of so I don't think my character feels bad at all making money, but that's like shoplifting because of the Trump administration. I blame it on them that listing. How's that work for you? If we can that would have loved to talk about your shoplifting past but we have to move on. Okay. All female reboots. It's hard trend right now on your obviously on board for with oceans eight and now with your new movie, the hustle, some people right now are calling for JAMES BOND to be played by a woman when you think about idea why not why not I mean. Think of own my gosh, like is in your mind exploding with ideas of it would be amazing at it. It's so important for all of us to see ourselves up there. And that was one of the reasons why I was so excited about making the hustle because. No, we're not at the absolute for front of inclusion for everybody. We could have done a better job. But we did add to the conversation positively about gender, and I'm really proud of that. At least to me a role model. I I cannot tell you how many times I watched satellite. It's reading the out due to tell you my younger sister. When Princess diaries came out. She was like five she thought she thought I would movie for the long. Complimented? Yes, it did. But then I'm allergic to cats when she found out that you had a cat. I do want to ask you about. How your life has changed because you do have a three year old boy and Meghan Markle Pretoria. Just had on their boy, not wonderful Amy Schumer had her baby too. Right now. To Prince William and Kate inspiration. Yeah. Yeah. There was an article about a parenting technique that they did. And it was about how they when they want to communicate with the kids they get down on their level, and they contact and I started doing it. And I swear made a difference because not only was able to communicate with him. And I think it empowered him. But I could see what he was seeing. You know, you look at the world a big it is how big it is in like, and that thing that feels totally normal. This might be scared to him or something that we might overlook is really fascinating right at that level. So it was a good that that, you know, Kate and William the noon a good job. Well, you don't drink anymore. I don't raising kids dot raider does for anything that's not entirely true when I need to. But I just find it's a funny thing. It's a funny thing growing up, and you ask me, what's different. And I think about who. I was when I made the Princess diaries, and how little confidence I had. But how? Ambitious? I was and those two things were not a comfortable mix for very long time. And it took me a really long time actually took until having my son and connecting with a certain Joe, I don't know. I just had a realization that inside every single one of us. There is something that is sacred. And there's something that is pure, and I think it's important to acknowledge that in everyone, but we have to acknowledge it in ourselves when I started doing that. I didn't want to apologize for taking up space. So maybe in the beginning, I would have come out here. And I would have felt like I was wasting your time or I would have felt like just really insecure like it didn't have anything to say that if I did it would come out wrong. And I'm just I don't I don't feel like that person anymore. I'm really happy to be through with. With. This is so funny. You have the same name as William Shakespeare's wife Anne Hathaway, I didn't know that. Some people have pointed out that your husband bears a striking resemblance to Williams beer. Internet conspiracy theories that this is more than a coincidence law. Are you married to? Happy. Yet, a descendant of William wire that I'm sorry. My husband is so cute. Doraville. There's. I know I have no I have no idea. But it did kind of become a thing. Yeah. It was a thing. And then one rumor was that we've been reincarnated together. Oh, I really like obviously is true. Parco by any plan. This back. O two. We were like, let's do this again. I wanna wear pants this. When your husband's starts writing plays that. We'll know what's really true fat was so nice to have you here again. And Liz in theaters tomorrow just in time from this day. We'll be right back. Dr Jennifer Ashton shares how her family found strength support and hope after getting rocked by her ex husband's tragic suicide. Sierra after selling triple platinum records marrying a Super Bowl winning quarterback where the Sierra Goethe drop debut her next big music video on the view, of course, tomorrow. Don't miss the exclusive only on the view. The loved one taking his or her own life is a tragedy that no one can even imagine. But that became a reality for ABC news chief medical correspondent, Dr Jennifer Ashton when her ex husband and father for two children died by suicide. She opens up about it in her new memoir called life after suicide finding courage comfort and community after unthinkable loss. And she joins us right now, Dr Jennifer Ashton. This. For me. And I would imagine every single person in this room in some way is connected to suicide it was just two years ago. Not that long ago. Your ex husband took his own life. You were co parenting, Alex and Chloe eighteen seventeen. How are you doing right now? Well, first of all thank you guys as my fem tribe for having me here to talk about this because we really are family. You know, we're doing thank goodness pretty well that we have our sad days for sure were incredibly lucky to have a great therapist. And you know, we're all learning about this concept of post traumatic growth, which I didn't even know was a thing. It's a real thing in psychology. And I think my daughter said it really well, and I talked about this in the book she said that she remembers week after rob died thinking, I have two choices. I can let this destroy me or I can use it to help me become a better person. And I feel like that's what we're all doing. She's mature believable. You know, the one question that I'm sure you get all the time. When you look back where their signs were there moments where you thought maybe we should have noticed something was going on. I mean, you can imagine as a doctor married to a doctor for twenty two years that those questions though, through my mind pretty much every day. Rob didn't have any of the classic signs that we learn about in medical school, and we adjust gone through what we were calling in Volve divorce, which then in retrospect, I thought maybe the reason it was so volved is because he was slowly pulling away from life. But you know, no one who loses someone to suicide ever gets answers to those gnomes. They never come out. And the proceeds of this book are being donated to suicide prevention organizations in Rob's honored. We talked at this table a lot about suicide. And and with things that comes with suicide in your sphere is the stigma. Yeah. You get stigmatized or you stigmatize yourself. You start to sort of pull away in odd ways. How we how did you realize that this wasn't on you? Well, I'm still learning that every day. But you're right. What be I mean, there's there's like a scarlet letter for this. And if in twenty nineteen we can't talk about these things and people still feel like they have to whisper about them. We're never going to be able to fix it. And what whisper about did you think I think that we whisper about mental illness in this country? And you know, we think about the analogy which again came from one of my children, if this if someone dies from cancer, people aren't angry at that person. They're not embarrassed. There's no shame in that game. We need to start thinking of mental illness no differently than heart disease and cancer. Actually, then get rid of that stigma. Will remember this? This is new for the United States. We used to put people away who had cancelled hide, folks. And not talk about any of it. So it's not surprising that we're just sneak in up on it. But you know, you have to remind yourself every day that you know, you gotta go forward. Yeah. Absolutely. It's so difficult because I guess when you lose someone like that you think well, what did I do? What could I have done? All those things. What's go through yet? Right. The lame Shim hang around guilt. And when I decided to share our story, one of the conditions was that it wasn't just our story. But the stories of other survivors that I met and that reached out to me, and I talk about them in the book, and we all have gone through that shame game, you know, from day one and the blame and the guilt and the anger. So these are important emotions that we all have to kind of address head on, you know, Dr Ashton. We had Jill Biden on the show yesterday. And she was talking about grief and loss with us. I'm you share your own process by saying that at times you've felt angry other times guilty about laughing or just experience some level of happiness. I relate to all of that grief is a tricky bastard dead. How have you been working through that? And does it get any easier? I mean, I I have been working through it because I've been educated that grief is really just love, you know, you don't grieve someone you didn't love. And so once you knowledge that I think you can almost welcome those feelings of grief a little bit. And then I learned a another concept for the first time as we were going through the healing process called multiple truths. Which is really this issue of how you write what be like, you can feel tremendous pain and grief and sadness because of one thing and then literally at the same time, joy happiness, and one feeling does not negate the other, and you have to know that or you'll never be able to recover. Oh, yeah. What else have? We learned anything else. My god. I mean, well earning. I'm learning every day. And you know, as any parent knows my kids teach me every day and one thing, you know, that I talk about in the book is that my my kids with their spirit have really shown me how they live every day in a way that honors that our father spirit, I know you do too, and that's incredibly inspiring. You know, you also talk about in the book about this new life in terms of living has solo parents, which really means your kids only have one parent. Yes, we rely upon now. And that in the time that's passed that that's been very scary for you. You know, whether you're a solo parent by choice or your solo parent through the death of spouse or the other parent, it's really scary. And there's a lot of pressure. And I feel like if something happens to me, my kids will have no one. And you know, the the funny thing that happened because there was. A moment of comedy. I when I finally found new love, and I was Everglade ING kayaking. And I sent my kids this picture saying look at this picture. I was kayaking with alligators. And I sent her a picture. My daughter goes a twelve foot gator, and there I am with my with my love Todd. And my daughter said, what's next bungee jumping, you know, you can't you've got to be careful. And so yeah. On. But thank you. Thank you. For speaking out your impacting more lives than me lies. Thanks, of course, to ABC news chief medical correspondent, Dr Jennifer Ashton, if you or someone you care about a struggling with thoughts of suicide, please know that you are not alone. The national suicide prevention lifeline available twenty four seven you can call one eight hundred two seven three eight two five five, and please please go by life. After suicide doctor ashes book is available now and members of our studio audience you're going called with the book as well. Thank you. Well, see we've been talking about everything imaginable. Oh, then we all we're back and. I shocked myself there. We want. Everybody to have a great day and take a little time to enjoy them.

Dr Jennifer Ashton Anne Hathaway Oscar Dr Joe Biden Senate Moscow ABC Donald Trump JAMES BOND Wilson Joyce assault Huntsman joy Behar sandy hook Australia ABC Alex Trump Tower Meghan McCain Cluding Kendrick
Berkshire Hathaway: Collaboration and the Post-Buffett Era

WSJ Your Money Briefing

07:48 min | 1 year ago

Berkshire Hathaway: Collaboration and the Post-Buffett Era

"This podcast is brought to you by game which game bridge offers annuities designed for the digital age. Simplified products with guaranteed returns that you can buy online. Learn more at Gabriel dot life slash W. S J not available in all states. Here's your money briefing. Im JR Waylon at the Wall Street Journal in New York, we're getting a peek at what berkshire-hathaway might look like in the post Warren Buffett era over reveal the details in a moment. I these money and market stories. You should know a report from the PR RG. Consumer watchdog group says the college students nationwide paid more than twenty four point six million dollars in fees related to their campus. Debit credit accounts in the most recently available data that schools reported the education department, and the group says that banks that pay colleges for the opportunity to market directly to their students often have higher fees associated with their campus debit card accounts now going inside the numbers of its students at schools with a paid marketing agreement with a financial account provider paid two point three times as much and fees as students at schools without a paid marketing agreements. The average annual fee paid by students at schools with paid marketing agreements and whether a more than two hundred and fifty student accounts was thirty four dollars and thirty four cents while the average fees across schools without such partnerships was fifteen dollars an eleven cents and the Wall Street Journal real estate bureau reports that rapper fifty cents also known as fifty cent to some has finally sold. His fifty thousand square foot a state in Farmington, Connecticut for two point nine million dollars at that doesn't sound like a lot of money for an estate that size. It's come down in price a few times since it was first put on the market in two thousand seven now fifty cent whose real name is Curtis. James jackson. The third bought the property from former boxer Mike Tyson for four point one million dollars in two thousand and three the fifty two room. Compound features a basketball court along with game rooms a recording studio, a home theater, an indoor pool and a conference center. This episode is supported by game bridge high rate low FOSS annuities annuities get a bad rap. Some think they're too conservative too complex or only for retirees. But when you strip away the bells and whistles annuities can be a Smart Choice for steady growth. Cambridge aims to change the game by offering simplified annuities in sleek digital experience replacing fine print and phone tag with clear conditions and a direct low fee model by online at gamers dot life slash W. S J not available in all states. The question of who will succeed berkshire-hathaway CEO, Warren Buffett or what the company will look like in the post buffet era is one of the ongoing parlor games on Wall Street, or you may now be getting hints of how the company will operate in the post buffet era. Nicole Freedman covers berkshire-hathaway for the Wall Street Journal, and she's here Woodson details. So Nicole, we're seeing senior leaders across berkshires numerous companies collaborating, and while that may seem like a standard business practice. It really hasn't been the case at Berkshire up to now. Right. Berkshire is famously decentralized in so it owns more than sixty distinct businesses, including gyco Duracell fruit of the loom Dairy Queen and historically each of Berkshire's businesses is allowed to run totally independently each manager of the business sets their own strategy reports directly to headquarters, but historically, there's not been a lot of communication collaboration among the business units. And we are seeing. In the past couple of years. More of that going on more of the business units talking to each other and sharing best practices clever. Ration- here means more than just meeting in a room or on the phone. It can mean also sharing suppliers. Yes. So we are seeing some of the units joining in purchasing groups, which they're kind of taking advantage of their shared scale to get better deals on maybe raw materials or travel costs things that that were they would share a common supplier. And none of this is mandated it's up to every single. Berkshire subsidiary weather wants to collaborate whether it wants to join a purchasing group whether it wants its managers to be in touch with other managers. So none of it is coming from the top. It's really kind of grassroots the units finding ways to benefit from each other's expertise. Another significant step you write about in your story is that the CEO's of Berkshire's companies now report of buffets, top lieutenants and not to Warren Buffett directly. Right. So this started in early. Twenty eighteen when two of Warren Buffett's, lieutenants, Jeet, Jane, and Greg able were promoted to vice chairman, and they now oversee most of the day to day operations at the subsidiaries. And so the business units in the insurance industry report to g Jane and the business units in the non insurance industry's report to Greg able and so the many Berkshire CEOs now report to either Jane or Greg able and those two lieutenants also set the pay for all of the CEO's, which historically was something that Warren Buffett did. And in terms of the business practice over the decades. Warren Buffett has been known for buying companies and sort of leaving them alone and giving them autonomy. Right. And that's still the case that Berkshire doesn't look to kind of find synergies among its units that doesn't buy a company with the expectation that oh by bringing this company into the conglomerate we can lower the costs and make it more efficient at buys the company because. Likes the way the company is run. And then it lets it continue to run the way it has. And so some of these units are finding ways to collaborate with each other. But that's still, you know, their own decision from the top down. There's no requirement that they work together is another interesting note in your story in that some of Berkshire's companies actually compete with each other for customers. Yes. So there are definitely companies that overlap in common industries, for example, there's four different Berkshire companies that sell furniture. There's multiple jewelry companies. There's a lot of companies that are somehow involved in construction housing the building industries, and so sometimes they buy or sell to or from each other. They're each other suppliers or customers and sometimes they're actually competing for the same customers. And that's all part of the vision that each company kind of runs itself independently and has its own strategy. And so if they if they end up competing, you know, may the best company win one berkshires high profile joint ventures could actually impact healthcare. Forward. Yes. So Berkshire Hathaway has teamed up with J P Morgan and Amazon to start a company called haven, which is in. It's very very early stages. We don't totally know what he's going to do yet. But the plan is that will help lower healthcare costs for the employees of the three companies, including berkshires employees, which there are almost three hundred ninety thousand of them around the world. And so that could be a change at Berkshire. Because right now each of the subsidiaries as part of the independence that they all get they all have their own healthcare plans, and there's no centralization of healthcare at Berkshire. But depending on what haven does and what healthcare at Berkshire looks like going forward that could be a change in the future. All right. That's Wall Street Journal reporter, Nicole Freedman, bringing her berkshire-hathaway expertise and knowledge to our studio. Nicole thanks for coming on the show. Thank you for having me. And that's your money briefing, im JR Whalen in New York for the Wall Street Journal.

Berkshire Warren Buffett Wall Street Journal Nicole Freedman Berkshire Berkshire Hathaway New York Berkshire CEO Gabriel dot Mike Tyson James jackson Farmington Greg able Connecticut Curtis Cambridge JR Whalen
THE HUSTLE - Double Toasted Audio Review

Double Toasted

28:25 min | 1 year ago

THE HUSTLE - Double Toasted Audio Review

"Seven billion humans on earth can't all the same drink. That's why circle K has polar. Pop in foster pick your flavors and make that one in seven billion mix. Just right for you polar pop and broader just seventy nine cents each at circle k limited time only at participating locations. We saw this tonight. So I didn't even do a whole lot of preparation for. Glad I didn't have to. I'll just say this. I'm not the biggest fan of rebel Wilson. As comedy goes. Not none of the person. I think she's a talented person. I think that rebel Wilson. I think she's got. She definitely has presence. And just to show you that I'm fair. You know, we saw that last movie the romance move where she went to romantic comedy, actually thought that was pretty charming. Yeah. Like that. Like that too. Yeah. You know? But before that I'd like girl you need to sit. Joe big. Oh now somewhere stop this. You know, you do. You know, you doing the same thing, you are you just you coped up Melissa McCarthy. Yeah. Yeah. I mean, she's letting them and I'm participating yourself and letting them make fun of her for being overweight away and is making an just fallen and constantly throwing out non sequiturs about being fat. Yeah. It's like don't let them do that to you. And you stop doing that. Yeah. Yeah. Exactly that it makes me manning care selling your soul. Exactly. And that's why I looked better than that this. That's why I said thank God. She's in here with Anne Hathaway, maybe at the wheel we get Joe girl. Get out of calm down. You know? You're you're you're you're an actress. You ain't going don't let you ain't gonna let this girl. Bring you down with her comedy stylish. The fat comedy style is a rebel Wilson. And that's not that's not me saying that from a personal place. That's her doing. Yeah. So what I saw this this movie where they play conman Arcand women like all right con artist. You know, we got here in here with a kademi ward. Did she win was nominated? I can't remember she wants. She would Academy Award winner, careful speech. That's right kademi ward winning. You ain't live rebel Wilson brain is foolish is up in here. Bring your image down and also being con artists. Well, that takes brains. You know, this is gonna be intricate. The plot is going to be full of all kinds of twists and turns Marne. None twist and turns on that trip and fall in hooping and hollering rebel Wilson. Does maybe some. Maybe maybe a little bit. Maybe a lot just spice spice up the company about just trip over chairs. But not it was right there. You know? I got I rebel wasn't has to ease into being an actress at the stood the at at the status that Anne Hathaway is that's why I was actually looking forward to this. Let's see no trailers for. Is the anti commercials. I didn't even I can't even see review yet. I look for some ain't nothing out there. All I said is anyone who week later dares to go up against Daniels in the in the vengeance. And in game, they must be planning to bring it. They must MS counter program. All you nerds at all these boys. I know women into a two boys at they're still watching y'all are watching would in game for the fifteenth time or something women have finally are enough of this. I guess ports almost green. Now. Discount a program with women do nothing. Let's go ahead and take a look at this trailer for the hustle, and we'll be back with our review. I'll just get a glass of water place. I have to save my money because I'm here to find my sister. She's being taken like like by men who sell hope white virgins to Julian is on yards. By your story, or anything you like I'll have a club sandwich and an outer fries two slices of cake. Do you want any cake recesses a cake on dot com? Impressive. Mccown hottest sisters, the nam. I had no idea. How small-time I wasn't till. I met you heading why women the calm the men because we used to faking it. Because I believe a woman a smarter than he is his five thousand I like it because it's shiny. Could be the poverty. Needed. Teach me should baby ways to the guest room Butler. Plus lesson. There's nothing more competitive to a man than a vulnerable woman upset. Wow, he just tear up like that. Can you make the T roll down to take hall? Oh, no. You try. Are you going to pay? She's the. If you want to be like me, you must be trained, Trish. She's got style. Grace. Please. His ready. These the mock he's a millionaire billionaire bet trying to be inconspicuous as possible. Yep. Plan pets, if this person will just scoot over Reggie mindset, sir. Men goings underestimates. And that is what we use. You let her get away. Trashy dressing again. The peasants says. Dollars taboo show. Unexpected. So this movie to seems a little bit familiar. It's based off of -nother movie from nineteen Eighty-eight. What dirty rotten scary rotten scoundrels younger than you better looking than you than you know, you'll. You are immoral Steve Martin is the man no woman can resist inching food. I or she may. Was this movie? Good. I didn't see it was what Steve Martin in Michael Cain. Michael cain. No. It was very good matter of fact, they've just recently made a Broadway musical based on it, really. And it's a remake from a an older movie. Yeah. Bedtime story. I think it's called, but David Niven and Mario living. Yeah. Do know this. So you're Martin said that this was a this is a good film. Now, imagine if you took this movie right here, which is good, and you just stopped with a bunch of dumb shit. To where all us stuff too so tight. Well, the good ship was just pushed out, I usually. And let me go ahead. Until unite and you know, start out positive when I do these reviews and doing that shit today. I was tired. I I'm not I'm not being nice today. I was not in the mood. Not not at all. I didn't get I said I can tell you right now. I didn't get one hearty laugh at all out of this. The most got out of it was. Even from the beginning. They start up. You can't the move is called the hustle. You can't even get the hustle, right? The move is starts out with hustling that only challenge person would be fooled by this at the beginning. What I would like if and Hathaway Cain done, and and try to pull this con- on you in the with the scenario there. Head to hear you looking at like bitch, please I'll see everything you doing this. The reason why. I'm real an online like say a man anything. Komo have fun talking shit about this. I'm gonna tell you. At first it starts out mediocre. Yeah. I mean, I, you know, the those first couple of introductory cons thought were okay. Especially when rebel Wilson is pulling because it's based on catfish in and hook hooking in guys who see a woman who looks hot. And I was like all right. I'm kinda down with that. That's if fits the more modern age but the swiping on the dating apps. I wish I could agree with you. Because that's the big because what you're saying with like showing somebody good and chick. That was the biggest one that's like it don't work like that. It you just do it don't work. What you just sit down and show. Somebody look my sister's hot. Oh, fuck let me give you everything. No, it was set up to where they had a thing going on ready before she got there and showed that where he was already. He was already emotionally or sexually invested in with the idea. Like, well, what do I gotta do to hook up with this hot chick here? Take my credit card. I got that. I was like, yeah, you're right. It's a mediocre opening buzz. Like, all right. Well, this is this is where we just coming into it and the Anne Hathaway scam. She's got going. I was like this is this is old school, whatever. But I'm like this. This is what they're opening up and ill. It'll get their footing and it'll take off from there. But instead it took its footing and just jumped off the boat. Yeah. Well, you would nicer than than I was because I was yelling bullshit before it even got started. I say, but I'm gonna give you chance. He's got mad because you thought about getting scam. Like that. I should I follow for that. Oh, he'll be scammed by this. Emily. I ain't smart. That's why I said if my dumb ass can look at this. Know what the fuck is up you need, yo ass. This mobile you. And you deserve to lose everything. You've done Clooney. Oh, droughts shoes. Everything when he's you know, he's trying to pull his own con. So that's easy. See how he would fall for both them dumb. Right. Josh it and been both out yonder rip off each other. I mean, like I said it's some people will like the beginning of it. I got it. You did. I just didn't I for some reason the the humor with just so broad, and that's why because that's why the constant work because for me because the humour they designed the cons for laughs more than they designed the cost actually look affective, which I'm cool. You know, if you're doing it for the left, that's fine. But damn at least try to be a little bit convincing. But I get it. It's a comedy. So I wasn't going in that hard on it. I, you know, I'm not nitpicking. I know what the audience is. That's going to be looking at this. I'm fine. But once rebel whooshing came in the shit, immediately got bad. She was in the movie start out with her. And it started out with her running and falling all over the place. But but but when she when her and Anne Hathaway get together. What thing about rebel Wilson that I don't like man, not only is she self deprecating about her weight and also her looks. She's the whole the whole thing with with our humans like fat and ugly. Nobody would like me. And it's just like come on. You know, that's is uncomfortable now. But it's also I don't feel sorry for you. Because you piece of shit too. She's an unlikable personnel. Yes. She always plays a person who's like fed up ugly. And I'm like, yeah. You fucking clumsy too. Because you follow all over the place. No, no, nobody doesn't like it. Because of you because of a because of you, look, nobody likes you because when you leave the room every glass is broken and yen asshole about it. Yes. She tends to be obnoxious. She's obnoxious. She's not. She's just rude. Yeah. She's she's tease an unlikable person. And I got to spend the next fucking hour and twenty minutes with this. And that's exactly what it is. Is it is it is the humor that I don't like any way with somebody's just to know. Is one thing to be self deprecating. But it's another to milk it for laughs with the physical comedy. I'm so big that when I when I walk into a room. I'm actually a bull when it around the John I sit around the room, am I right? I'm right. No, no one. No this thing on if you actually sat around the room, you'll cushion the fall for some things. No, you just knocked shit over her humor is constantly just falling falling get up. Oh, look at me. I'm fed. Oh, look at me. I'm ugly. Oh, but you know, what? Please. Like me, though, I want you tension because I'm gonna keep falling and falling to get cheap laughs. And they do it to the point where this is what really made me hate the movie where it was already like, okay? You're doing the same thing you're doing over and over again. And I can't stand it when they take that we've already been going through this. Oh, but let's make a montage out of it. Oh, oh Jesus Christ. We've already been doing this. She just doing a quicker now, I can stay. I couldn't stand. This man. And then. I wonder what you think about this. It was. It was one thing to where are all right. You know what? Oh, now, we're starting to get into now probably about to get into some story right here. But at this point where feels like they about to do some kind of kind. They got this starts out with a coincidence. That does not work at all. It makes no fucking since. They were about to explain it. It's one thing. Like, I said man, you know, with these intricate details it's one thing to like, maybe miss a thing to two serving the whole thing from the beginning. Like, wait a minute that makes no sense. And then the movie star stops to do this con- this kind which is just one long as blind joke. Which? Which in itself seems almost a little offensive. I mean, it's the movie has about twenty twenty five minutes of rebel Wilson. She's spotted because he's already been fawn all over the place with uh site. Oh now, she got an excuse to like knock more shit over. Goodness. I live hasn't. He. Yeah. Hadn't the intrusion. But because somebody told me if there's an empty chair this table Noman was entertainment is full. Kid. I can go miss miss excuse me. You can have much her here. But it's not necessary. Perhaps if this person scoots over we could just squeeze in another chair do mindset, would you mind? Oh. Thank you. Wow. Wonderful one person etiquette. My nano was blind. What she I had no idea. Please place your bets. Like, nobody saw as shit just because you ain't got your side. I mean, everybody else's blind. If I if I can't see it, then the case. This is not about I got to see them onto this is not a movie it is like almost every other rebel Wilson movie. Where is just are even Melissa McCarthy is just segments of this physical comedy based on one tired almost offensive joke of being fat and unattractive. And they just kind of piece it together with the thread of a plot in new and get to that blonde joke. I'm like well fuck out even trying now I'm gonna take a French fry rub it in the toilet and feed it till you what we fucking Adam Sandler. Now the thing about that. But that you know joke like, well if she was blind. She can still smell it. You could smell the shit. Yeah. If you came. Or tasted? With their mom. You like, oh, yeah. That's good. It's like, you're blind. You can still smell. What is going on here? You know, what it is? Is that? So yeah, it's it's built off the dirty rotten scoundrels more. So than the original. And in that Steve Martin played a guy who who say his his he was saying he had no feeling his legs. And so I guess they decided well instead of going doing that copying that directly will have or be blind instead, but the gags don't work nearly as well because you see here where he's pretending like, he's he can't feel his legs. And Michael Caine comes over and starts whipping the shit out of his legs. And he has just sit there and act like nothing's going on. But tears streaming on his face. Oh, it's hilarious. Didn't take his leg. Rubbing. That's funny, man. Very funny. But yeah, watching watching how they decided to put their spin on it the whole town sitting there going stemware guys. It's not it's not worth doing. They don't make sense. I mean to me it's one of these movies where if you get hung up on logic even a little bit. Like, you're doing is. It's all gone. It's going to collapse on itself. Martin a logic. I know when I started up rebel Wilson bring IS on screen. I said logic is gone. It's comedy. I it's it's writing it's not there. This is not a movie, right? Right. Right. Depending on this whole structure, and the aren't doing anything new with it. But they aren't even living up to what it was. They they have the opportunity because okay. Yeah. They've done the gender. Swap. They've made it women instead of to guy. Yeah. But they seem to forget you also have brought us into the new era with new technology. And there's new ways of scamming people that would be the way to go at this. Yeah. But instead it's too much of fallen back on what was done before and bringing rebel Wilson slapstick. It's it's twenty she's one of those actors much like Kevin Hart wear or Kate McKinnon where they hire them, and they don't have a solid script, and they go, well, you'll just ad-lib, and we'll just film a bunch of that. And keep what what works. I mean, they they pay them the money for that. And I feel bad for those those people because they kind of like gosh, I wish I had a script to go home. But okay, I guess it's up to me that just keep filling things in top of that in this. Movie is much as rebel will rebel Wilson is obnoxious, which MS she is actually found her less. So in this than in most are movies, not the last one. She was finding last one most movies, I've found her even more noxious because she's interrupting people to do stuff here. She's a main character. So she's supposed to do that. I had a big problem with with Anne Hathaway in. This was the whole time. It's like all right. She's going through all these different accents. None of them are really that. Good. I would think she would have more pride in her work out. Good to see started getting into the broader type of comedy. Yeah. Yeah. She's British French German. She's she's Swedish is is all blending together. And it's yeah, it's hard to buy. And it was just so rushed night. None of it. Breathe. This just going from one thing to the next and the next to the next even even when they got there, Mark. And they're both trying to scam that one dude I was getting lost on what their motivations were. I got it. I know what it was like, I said just don't think it was done. Very well. And that's another thing too is like a neat at all see me having never seen the dirty riders got around scoundrels. I was thinking I see potential in this. I guess I was seeing that other movie. Because I can see how this could work and I'll see what they've done. They've actually taken the structure some and just broke that down just toward at a part. You burn that down. I I'm a little harsh. Because like I said, I am not a fan of comedians who have very very very shallow material that they follow on which as you said like, especially if it's slapstick pheasant, especially if it's physical humor. Fallen down on your ass because you you you visually gag already is you're overweight that doesn't that just seems? I'm not even look I'm not even trying to be somebody. Who's like, you know, time trying to take some social issue here is let's take that out. It's lazy. Yeah. It's the laziest kind of comedy that you can do matters. And I hate that kind of comedy. That's why I always complain about Melissa McCarthy is while always wasn't a big fan always of people liked him. But 'cause Farley Chris Farley not always a big fan of Chris Farley. Because it was the same thing, you know. And it's funny for a couple of times as cool, but when you become that same character in every movie, and you repeat the same thing right down even some of the same line. Yeah. It's like, man. I wish I could a wish you see the potential in rebel Wilson. I wish he would do something more because this is getting old man is old and his lazy in an ISA stopped in in this movie. Just proves it more. I can't stand this in the I will say a bright spot in here for me was Alex Sharpe. Does he the Butler? No, he's he's the the kid. Oh, the guy that created the app. Alex Sharpe is a plays. I'm seeing about can find a picture of him here. Oh, give me a second here in that's him. Look barely pass an arm right there. That's him at the at the roulette table right there in. For some reason. I don't know man because he just seemed to be the one that was the kind of the most normal the one that wasn't trying so hard to get a laugh because Ed Hathaway's trying really hard to get a laugh in her own way. She ain't follow the plays like rebel Wilson. But in hallway, she's she's pushing it to the point where it's like hamming it up. She exactly Hammond. I can it's not funny anymore if I can see past it. He's the only thing that's kind of normal in the film. You know, not and in on an even that's not saying too much it just kind of like, wow, I'm just I'm in the desert right now. And I just I'm looking to find a pond. You give an Impreza just because you hate everything else. I'm great him on her, right? Because the whole time with him. I was like, yeah. He's just one note is. The little bit. He's here. He's one note. And I will say what I'm influenced by my prejudice from dirty rotten scoundrels, his his role was was Glenn Headley. And you just loved her so much in that that you started get even though you like those other guys I you start getting mad at them. And here I was just like. Yeah. No. I see what you're saying. Yeah. He's bland. But compared to everything else. It was like I'll take bland bullshit. Right. I mean, it's it. Yeah. Like, I said man, I'm I'm just not the guy Ford and by the end of it. They started to do a little something inspired. But I was like not on put it don't put now. I don't know. Don't do this. And it wouldn't end. He didn't even going that Llamas. Like, you're done. Stop right, right. Oh, that's right. Because this is a point. There's a cut off that dirty rotten scoundrels cuts off at. And. Oh, that is awesome. And it goes off. And that's when does that and those now. No, no. Stop. Furthermore, meanwhile. Yeah. It was stick the landing. Yeah. It's like it's like a balloon with air, which is going out of it toward the end, it really whatever people who actually having fun at I need. Yeah. I know because at the beginning there was there was laughing and even laughing at the at the at the pratfalls and all but toward the and I was like man, it's got silent. That's the biggest thing I can say about this. You took something that was actually funny, actually inspired. You had the material and you'll I mean you like a kid who actually got somebody cheat for you. And they got the answers all wrong. You wrote them all down. Okay. Yeah. You like a jackal gays some fucking nerd to do your homework for and they gave that shit back to you in crayon. This is terrible, man. This I am in the FBI came down and arrested. This is dead. This is this is so bad, man. I'm I'm I'm on for some people out there that might not be the case, you know, is one of those those mainstream films. Whereas like, you know, the reason why this comedy is so bad because we're trying to appeal to everyone true church. Very WADA's this adults at Dow so bad. Yeltsin bullshit straight up some bullshit. It's not gonna go as far as the fuck. You wasn't that offended by it. But it's Dan they're came close. I just had no patience for this kind of humor. And I have an in like I said I have no patience for rebel Wilson. And what she's doing nothing against her? As a person, I think she has potential to a lot. But I I can't take this. No more from is the same thing over and over again, I hear you. I hear you it. It's skates away from the same old bullshit just to being kind of a a mediocre. Maybe a lowest rental to me inasmuch. It's funny because it's for kind of the same reasons you had about some things where. Yeah. Rebel wilson. She's she's fallen down and she's obnoxious, but I've seen her do both of those things much more. So than this. I almost felt like it was a little bit of a break. There's there's moments in there when I was like, all right. She's just being her and she's not doing that. And the movie short. I mean as much as it doesn't want to end. It's it was it was over. Before I knew it. It was it was almost like, man. Why y'all even had me drive all the way out here for this was going to be done that you get your praise your praises. She doesn't fall as much short. That's the low ribbon. Hey, I don't even consider that. I mean that's damning with faint praise. The very definite. Recommend taste. No. I don't think a low rental is ever recommendation. I. I know. Not just can't take moment. Are you going to paint? She's the. If he wanted to be like me, you must be trained. She's got style. Grace. Please. His ready. He's the mock he's a millionaire billionaire bet trying to be inconspicuous as possible. Yep. One person walking if this person would just skate over Reggie mindset set. Men boys and the rest manages, and that is what we use. Hi, it's Jamie, progressive's employee of the month two months in a row. Leave a message at the. Hi, jamie. It's me, Jamie. I just had a new idea for our song about the name your price tool. So when it's like tell us what you want to pay. Hey trombone goes, blah, blah, blah. And you say we'll help you find coverage options to fit your budget. Then we just all do finger snaps while a choir goes, savings coming at ya. Savings coming at ya. Yes. No. Maybe. Anyway, see you practice tonight. I got new lyrics for the rap break. Progressive casualty insurance company and affiliates. Price and coverage match limited by state law. Seven billion humans on earth can't all like the same drink. That's why circle K has polar. Pop in foster pick your flavors and make that one in seven billion mixed. Just right for you. Just seventy nine cents each circle. K limited time only participating locations.

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Democrats Expected to Take Action on Dreamers

WSJ What's News

06:46 min | 1 year ago

Democrats Expected to Take Action on Dreamers

"Are you hiring with indeed you can post a job in minutes set up screener questions than zero in on your shortlist of qualified candidates using an online dashboard get started today at indeed dot com slash podcast. That's indeed dot com slash podcast. With what's news from the Wall Street Journal. I'm Anne Marie for totally New York. Democrats are likely to introduce a Bill next month aiming to resolve uncertainty for dreamers. Young immigrants who are brought to the United States illegally as children Wall Street Journal reporter, Louise Radnofsky joins us with more details in just a moment. But first, here's some other top stories. We're following General Electric is selling its biotechnology business to life sciences conglomerate Donna, her for twenty one billion dollars in cash G E had planned to spin off its entire healthcare business. The sale of its biotech business will help the company to pay down its more than one hundred billion dollars in debt. The deal is expected to close in the fourth quarter billionaire investor Warren Buffett said in a CNBC interview on Monday that his company Berkshire Hathaway and private equity firm three g capital overpaid in two thousand fifteen when they helped Hines by craft. Berkshire Hathaway revealed Saturday that Kraft Heinz contributed to a two point seven billion dollar loss for the company Wall Street Journal reporter, Nicole Freedman has more. Berkshire owns about twenty seven percent of craft Hines and buffets said they do not plan to sell and they do not plan to buy more. They're very happy with that stake. So even though the value of the stake has declined and that hurt berkshires net earnings in this most recent quarter. They're still looking in a very long-term direction. They very long-term shareholders, and they expect that Buffett said we'll still be happy to own craft Hines five or ten years from now buffet a democrat also said in the CNBC interview that he would support Michael Bloomberg the former mayor of New York City if he decided to run for president in twenty twenty. Chinese telecom giant alway is going on an advocate says it seeks to counteract US efforts to get its allies to ban the company while they rolled out high profile adds to mixed results in New Zealand and Germany the company also unveiled its foldable smartphone. A competitor to rival Samsung's as the mobile industry's biggest event of the year the mobile world. Congress kicks off in Barcelona this week while ways made X like Samsung's. Galaxy fold also comes at a steep price about twenty six hundred dollars Bank of America is phasing out the name Merrill, Lynch from its trading and investment banking operations. The Bank says it'll also rebrand most of its wealth management business under the name Merrill, Bank of America bought Merrill, Lynch when the firm sold itself during the heat of the two thousand eight financial crisis more than a decade ago. Still to come more details on how lawmakers hope to resolve the fate of dreamers. Are you hiring with indeed you can post a job in minutes set up screener questions than zero in on your shortlist of qualified candidates using an online dashboard get started today at indeed dot com slash podcast. That's indeed dot com slash podcast. Democrats are expected to introduce a Bill next month that would codify protections for hundreds of thousands of young immigrants who were brought to the United States illegally as children the fate of so-called dreamers has been in limbo since President Trump ended the deferred action for childhood arrivals program or DACA in two thousand seventeen joining us via Skype from Washington to bring us up to speed is Wall Street Journal reporter, Louise Radnofsky Louise dreamers did come up during the debate over border security, but the issue has seemed to fade into the background somewhat amid the fight over funding for President Trump's border wall and the national emergency declaration. What's happened in recent months deposition of the dreamers has actually almost been reversed about a year ago when Democrats and Republicans debating border security. It was Democrats who were proposing a permanent legislative resolution of the fate of the dreamers in exchange for border funding. This time around the fight. That's just concluded. Or is just starting depending on how you. Look at it. It was Republicans who proposed a temporary extension of protections for the dreamers three year extension. Democrats rejected that saying it wasn't good enough in exchange for fun for a permanent wall. And so they actually are fairly open about said they took dreamers of Austin ago sheeting table, but that of course, brings the question of what they're going to do for them now, and perhaps a more cynical take which you write about a Republicans have accused Democrats of balking at the three year extension. They proposed because they didn't want to give President Trump credit for resolving the issue. I'll be temporarily as we head into the twenty twenty elections does certainly what you're hearing from some Republicans. You will also hear Democrats make a very full throated response that is along the lines of not wanting to have a temporary fix anymore. The idea that they wanted to pursue for dreamers had been a final and permanent resolution of their status. Louise, what can you tell us about democratic efforts at this point to? The issue and introduce legislation that would protect dreamers. What do we know about their plans? We know that Democrats plan to introduce legislation. The specific details of it aren't available. But there have been previous iterations that give fairly clear map of where they might be heading the other important thing for people to know about this though is that it's likely to be relatively slow weeks. If not months does because Democrats have committed to using a process knows regular order in the house, which is as you might guess by the name more orderly, but also slower there's also, of course, questions about whether the Senate, which Democrats do not control would be willing to take up legislation and how eager they are to pursue it aggressively. And what about the legal fight over Dhaka? Where does that stand right now the legal fight over Dhaka also has the dreamers in something of a kind of limbo, but also something of an ongoing protected status. That's because the supreme court has declined to take up the DACA case right now. But while it remains tential avenue that the supreme court could take up in the future. The protections. That are currently held by around seven hundred thousand three minutes remain in place for now. That's Wall Street Journal reporter Louise Radnofsky joining us via Skype from Washington DC. Thanks so much. Louise, thank you. And that's what's news. I'm Anne Marie for totally in New York for the Wall Street Journal.

Wall Street Journal Louise Radnofsky reporter Hines United States Anne Marie CNBC Merrill New York Warren Buffett president Washington Skype Bank of America Samsung President Trump Berkshire Hathaway Lynch Berkshire Hathaway General Electric