7 Burst results for "Sherry Netherlands"

"sherry netherlands" Discussed on Game of Crimes

Game of Crimes

02:23 min | 1 year ago

"sherry netherlands" Discussed on Game of Crimes

"Book that has just come out pure narco you can find it at Amazon.com. You can find it at all the places you get books, you guys are doing an event Friday, the 12th, I believe, with books and books down there in Miami. So, hey, Luis Naya. Welcome welcome welcome amigo. B and vanitas. Thank you, Morgan. Thank you, Steve. Great to be on. Really great to be on. It's our pleasure to have you on here, Luis. And this is definitely a first. Well, I love the fact that when we get to the end of your story, how we found out about you and your relationship with certain people now. And this is going to be a great story, everybody. So don't waste any more time. Let's get going here. Yeah, and so and wait till you find out who he had lunch with. This is gonna blow your mind too. So, hey, let's go. Yeah, yeah, that's certainly imagine. You can only imagine. So let's talk about this in the beginning, but not so much in the beginning, but I mean, but let's kind of give people a context 'cause a lot of times when people talk, they think of narcotics traffickers and stuff. They think of people who didn't have anything growing up and they wanted something you think of like the Pablo Escobar's. You know, or the Joaquin goose masala who grew up with nothing. You were a little bit different though. You were born in Cuba, you were born there. Your father, your family, you guys were very well to do in Havana, or I'll show you in Cuba during that time, right? So where did you guys live and tell us about what kind of things you had in your childhood that distinguished you from everybody else in Cuba? Well, I don't remember much of Cuba, because I came very young when I was 5 years old. But my parents were very well to do. My dad was a very high level executive with Julio lobo, who was the sugar Tsar of really of the world. Probably the richest man in South America at that point. Had 17 sugar mills in Cuba and offices in New York. So my dad was constantly traveling to New York. You know, they kept an apartment at the Waldorf Astoria. I'm sorry, the sherry netherland for years. Very well to do. I mean, very, very wealthy died. So I was born. And this was pretty, this was pre Fidel too, right? Before Fidel came to power?.

Luis Naya Cuba Amazon.com Luis Morgan Miami Pablo Escobar Steve Julio lobo Havana sugar mills Waldorf Astoria South America New York Fidel
"sherry netherlands" Discussed on Gilbert Gottfried's Amazing Colossal Podcast

Gilbert Gottfried's Amazing Colossal Podcast

07:35 min | 1 year ago

"sherry netherlands" Discussed on Gilbert Gottfried's Amazing Colossal Podcast

"One time you're having dinner with marlon brando artist house and someone almost got did that. Oh this was in the restaurant. When sal kinds wife was drunk and she when it was at which she went after. Yeah yeah she had been writing pages for the script. And i was trying to be nice. 'cause helius walk in the sun that's his mom and I know he was caught in a bad place that he had a show the pages and kinda liked him he was pretty good guy and she kept sending these pages and we just kept saying forget it forget it and so would you at least have dinner with her and explain to her. Why so When i told marley. I want to go to this. So marlin came tom. Marlin myself and mississau- kind. I guess he had a couple of drinks and She got into an argument with tom about her and why he wasn't using them and i guess tom had a couple of drinks and stupidly. A little argument ensued. We were in a steak restaurant next thing is i. See this knife coming at tom. and Brando grabbed her arm and took the we took the knife. Add her and and it was quite an experience. I mean it was just something else. I think she'd gotten a little drunk and she was passionate about her writing. And maybe we miss handle it but it was an experience. It's all part of the book authored by that book. Everybody so so you almost witness murder. Yes yes i did. You guys are quick thinking I must give credit to brando. Yeah now and when you met chris read. Part of the problem was that he was too skinny for the part. Well yes when. I met him. We were casting on the sixteenth floor. The sherry netherlands in new york. And i always say who's a hot summer day. The windows were open and influ this guy through the window and i knew right away. That could superman character. Didn't need the elevator. He flew in he was but he was the skinny tall kid. And kind of honey brown hair not black or anything and Who cast i kind of like to find out the personality. The people almost more than what. They're they're Defensive talents when they're trying to sell themselves so having a wonderful conversation with him. I really enjoyed extraordinarily bright and a terrific kid. That i was really thinking about it. He was skinny though. And i knew we can take care of that hair. So i said. Look chris i This is superman. And i'm not gonna pay at his costume. I need somebody that can look like superman or at least with a couple of months of work pass for in our hero. Our world hero. He said look before. I was an actor in college. I was a jock weighed forty pounds more and since i went into acting i lost this way. Because i didn't wanna look like jok i said can you put it back. He said like that. And i for some crazy reason storm in a play that night down the village he was wonderful and i totally believe that he could do it. I heart and blind. I mean the whole company would shut down if it didn't happen but he worked out twenty four seven to call a drinks in the world. The guy who played darth vader. David prowse is also body weightlifter body and we have david to work with christopher to Get him going and you could actually see the difference in almost state by day. Has his body started. Built it also a lot to do with the personality the man christopher he was wonderful actor he put himself into that character and Has the body weight came on. So did the character within will. You had the good sense to to search for an unknown. I mean if left to the sal kinds we would have had james caan in a superman suit or redford or well. Yeah they were so starstruck or well. What would they then those two days. I guess it's still the same. If they had marlon brando gene hackman. And then you name it. It was their finance. It guarantee their finance so they were looking for a name and i was trying to convince them that they had enough of a names with those two greatest american actors and that That it would be very difficult to convince. An audience redford in tights. Flying the superman anybody anybody else. They were pitching so we wanted to know. And and you wanted to make the action film secondary to the love story. yes yes. Yes one of the things. That tom i decided was that it was a love story. We call the gills in jim because here was christa was superman. clark kent. He was lois lane and these two were both in love with her. She's with one And it was unrequited love and it was felt we could make a complicated little love story but within the framework that's where similitude comes in of metropolis that world and That was what two things that the love story and the ability to put onscreen a believable man. Flying our mission and tom megawatts added the cr- the christ overtones which gave me ten tom mankiewicz to his approach to add the the the biblical overtones the christ. Overtones gave it this extra depth which which also get my life threatening to portray. Brando is has got and christopher as his only child. So and i had many death. Threats really. didn't know that we're gonna say Let's oh jeez.

tom sal kinds marlon brando jok Brando marlin Marlin marley chris David prowse brando christopher marlon brando gene hackman netherlands darth vader james caan new york david lois lane
"sherry netherlands" Discussed on Feast of Fun

Feast of Fun

08:53 min | 1 year ago

"sherry netherlands" Discussed on Feast of Fun

"Been known as the backstory i've loved diana. Ross this long breathe like my mother tells an incredible story of how the supreme for on the show. And i was crawling across the room and i stopped and then the supreme laughed and i kept pointing at the tv crying and crying and crying. And she said you'd probably cry to the next time they came back on but that's when she was like this little boy loves miss smith. Ross and i did and i from new york. She lived in well. They filled the words in new york and follow her around every time they were filming and i went to go. See it for the first time it like. My walls were covered with her than i grew up and ask well before doing her one time. I was following her. When she was living at the sherry netherland. She came out one day. I will go what school. I went to the high school of fashion industries. Here in the city. I would run disgruntled sherry just to look at her. She was like you people again. She went she came back and she went like just thinking. Mahogany like she. G grill teeth. She said fucking life. Oh my god and i did. I never went back. Tell them. I was walking by by saw the car what year. What year are we talking in the early eighties. It was early eighties so this is when she was at the height of her comeback was at the height of her diana ross with endless la upside down all of that but it was before she try to resuscitate her career. With paul. And drag queens. I don't even think that was the things she did. Okay i saw. I saw a video. And i kind of i didn't like the song so i wasn't so into it like le- let gloria half a song girl. You have a kazillion song. That's gloria. you can't do nothing with the remake leib at a stucco so in the nineteen eighties. This is this is when you had your first kind of run in bumping heads with diana ross and then most recently there was a way more sports more days more. Okay ron paul peel. No don't forget. And then then. I became a dragon and i became a very successful dragon and got your golden eggs and cave of wonders started doing all based on me. Doing diana ross. Now had international travel. I had access to designer clothes. And i was fueling it. So would go to the to the concerts justice. Her and she did not receive that very well. And you know my moment. I'm in my love. And i just want to express it ended. I would like do the thing where she would run down. The aisle always really amazing seats. Run down the aisles. And all my diana ross regalia and the crowd would it. And then i would spit and in sit in my seat and they were like shit. That's not her as she would come out and she would. Just oh you stores. And then she why one of the show. She wouldn't even perform where. I was sitting so i will go get a drink during missing you. Because she don't give a fuck about none of those people. She was thinking about song like a really girl. Really wanted to get a drink and i come back into crowds. Like why. come back because she performed over here when you laugh fuck you drag queen. Mike oh my goodness so. During this particular set my feelings were really hurt as a lifetime. Fan like your idol. Does that to you. I was crash crashed tomorrow. So the next day i came in and full sixties diana drag because i had a show that night and i was sitting in the first row and carried the bush and i was going to burn it. Throw it on. Stage carried what. The bush like. The behavior called the bush. Sorry i was going to burn it and throw it on stage like you wanna fuck with me you fuck with the wrong queen drag terrorism. She has the way affleck's knowing that she has a hold on you. She's like this queen is mad. Let me be nice. She calls me up on stage. Ladies and gentlemen. This is me. And i was like lives going up lies. My friends let go opposite color. You go so. I go on stage and she. She's sweet and lovely. And i do my shows and i sit down like i love you. Frosting this. she's like seeing coming to the front china touch people's hands to touch my roommate's hand as she looks instead with her like she didn't say but the look with oyo with her as she snatches her hand away like no. I'm not touching you. And i'm like trash they were. I love when she's crossing but not to me. I want to be on the receiving end of it. But i love seeing it so one more good story. Because i've got about twenty of we got the next time. She came honey. The next time she came to new york probably about a year later a year later maybe also. My friend was working for jackie. Rogers yeah which was what our personal desires. Jackie rogers was chanel. Model news back. He was her right hand. And diana ross were addressed by jackie. Roger to the oscars nineteen ninety. He gave me sample of the dress. I could fit apple. Can't fit that bitch now but in one thousand nine hundred so i went to the concert. She was sending hall the straight hair. I had a human a human. Hey done by matthew cast in. It was like really stray threats on. I arrive at radio city. Andre leon talley says you look i must issue a drake. Who's gonna say no to that. So at the bar with andrei naomi campbell comes running up. She goes printers dion draw. I never met their bitch. And and she says hundred shows gonna start jay. She he goes. Can't you see. I'm talking to the endre you wait. Wow they're my friend comes girl. Let's go girl. Let's go so we went. Frosty had started already. So i go to my second row seats and they are some people in my seat. So i'm like down the balcony. Where you jenna. Diana says on the mike. Oh god she's here jonah. Who you are and she knows me. Hold on we'll get to the gate. We'll get to poke gate as she goes okay. She wants some attention right girl. Come up come up. I didn't hear that my friends go go up. She called you go. So i run up on stage and then you know radio city music called is so incredible looking and just looked beautiful room. Diana says who are you supposed to be tonight. Naomi campbell stock and i go back to her. I walked back. Because i'm prancing on the stage because i'm just like whisper in her ear. No i'm you with the hair you wore on us. Any overhaul and dress you wore to the oscars and she didn't. she squinted. Look at the draft in her eyes bulged out like you got to be kidding some bullshit and then she was like okay and i heard her and i said what are you wearing. She called she puts the my down and goes yup. I'm gonna tell you that so you can get that to now.

Andre leon talley Diana andrei naomi campbell new york jonah Jackie rogers Ross Mike jackie tonight tomorrow early eighties first Rogers first row one thousand nine hundred Roger ron paul peel china a year later
"sherry netherlands" Discussed on Feast of Fun

Feast of Fun

08:11 min | 1 year ago

"sherry netherlands" Discussed on Feast of Fun

"Been known as the backstory i've loved diana. Ross this long breathe like my mother tells an incredible story of how the supreme for on the show. And i was crawling across the room and i stopped and then the supreme laughed and i kept pointing at the tv crying and crying and crying. And she said you'd probably cry to the next time they came back on but that's when she was like this little boy loves miss smith. Ross and i did and i from new york. She lived in well. They filled the words in new york and follow her around every time they were filming and i went to go. See it for the first time it like. My walls were covered with her than i grew up and ask well before doing her one time. I was following her when she was living at the sherry netherland. She came out one day. I will go with every day after school. I went to the high school of fashion industries. Here in the city. I would run disgruntled sherry just to look at her. She was back you people again. She went she came back and she went like just thinking. Mahogany like she g grill. Put the teeth. She said fucking life. Oh my god and i did. I never went back. Tell them. I was walking by by saw the car what year. What year are we talking in the early eighties early eighties. So this is when she was at the height of her comeback was at the height of her diana ross with endless la upside down all of that but it was before she tried to resuscitate. Paul and drag queens. I don't even think that was the things she did. Okay i saw. I saw a video. And i kind of i didn't like the song so i wasn't so into it like le- let gloria half a song girl. You have a kazillion song. That's gloria if you can't do nothing with the remake leib at a stucco so in the nineteen eighties this is this is when you had your first kind of run in bumping heads with diana ross and then most recently there was a way more sports more days more. Okay ron paul peel. No don't forget. And then then. I became a dragon and i became a very successful dragon. And got your golden eggs and cave of wonders. I started doing all based on me. Doing diana ross. Now had international travel. I had access to designer clothes. And i was fueling it. So would go to the to the concerts justice. Her and she did not receive that very well. And you know my moment. I'm in my love. And i just want to express it ended. I would like do the thing where she would run down. The aisle always really amazing seats. Run down the aisles. And all my diana ross regalia and the crowd would it. And then i would spit and in sit in my seat and they were like shit. That's not her as she would come out and she would. Just oh you stores. And then she why one of the show. She wouldn't even perform where. I was sitting so i will go get a drink during missing you. Because she don't give a fuck about none of those people. She was thinking about song like a really girl. Really wanted to get a drink and i come back into crowds. Like why. come back because she performed over here when you laugh fuck you drag queen. Mike oh my goodness so. During this particular set my feelings were really hurt as a lifetime. Fan like your idol. Does that to you. I was crash crashed tomorrow. So the next day i came in and full sixties diana drag because i had a show that night and i was sitting in the first row and carried the bush and i was going to burn it and throw it on. Stage carried what the bush like. The behavior called the bush. Sorry i was going to burn it and throw it on stage like you wanna fuck with me you fuck with the wrong queen drag terrorism. She has the way affleck's knowing that she has a hold on you. She's like this queen is mad. Let me be nice. She calls me up on stage. Ladies and gentlemen. This is me. And i was like lives going up lies. My friends let go opposite color. You go so. I go on stage and she. She's sweet and lovely. And i do my shows and i sit down like i love you frosting so this. She's like seeing coming to the front china touch people's hands to touch my roommate's hand as she looks instead with her like she didn't say it but the look with with her as she snatches her hand away like no. I'm not touching you. And i'm like trash they were. I love when she's crossing but not to me. I want to be on the receiving end of it. But i love seeing it so one more good story. Because i've got about twenty of we got the next time. She came honey. The next time she came to new york probably about a year later a year later maybe also. My friend was working for jackie. Rogers yeah which which was what. Our personal desires jackie. Rogers was chanel model news back. He was her right hand. And diana ross were addressed by jackie. Roger to the oscars nineteen ninety. He gave me staple of the dress. I could fit a say. Apple can't fit that bitch now but in one thousand nine hundred so i went to the concert. She was sending you hall the straight hair. I had a human a human. Hey done by matthew cast in. It was like really stray threats on. I arrive at radio city. Andre leon talley says you look i must get you a so. Who's going to say no to that. So at the bar with andrei naomi campbell comes running up. She goes printers dion draw. I never met their bitch. And and she says hundred shows gonna start jay. She he goes. Can't you see. I'm talking to the endre you wait. Wow they're my friend comes girl. Let's go girl. Let's go so we went. Frosty had started already. So i go to my second row seats and they are some people in my seat. So i'm like down. Cheats balcony you. Diana says on the mike. Oh god. She's here jonah. Who you are. And she knows me hold on. We'll get to the boat gate. We'll get to poke gate as she goes okay. She wants some attention right girl. Come up come up. I didn't hear that my friends go go up. She called you go. So i run up on stage and then you know radio city music called is so incredible looking and just looked beautiful room. Diana says who are you supposed to be tonight. Naomi campbell.

andrei naomi campbell Diana Andre leon talley new york Naomi campbell Ross tonight jonah tomorrow Mike early eighties jackie Roger first ron paul peel one thousand nine hundred Rogers Paul first row china
"sherry netherlands" Discussed on Feast of Fun

Feast of Fun

08:11 min | 1 year ago

"sherry netherlands" Discussed on Feast of Fun

"Been known as the backstory i've loved diana. Ross this long recommend bree like my mother tells an incredible story of how the supreme for on the show. And i was crawling across the room and i stopped and then the supreme laughed and i kept pointing at the tv crying and crying and crying. And she said you'd probably cry to the next time they came back on but that's when she was like this. Little boy loves miss smith. Ross and i did. And i from new york. She lived in well. They filled the words in new york and follow her around every time they were filming and i went to go. See it for the first time it like. My walls were covered with her than i grew up and ask well before doing her one time. I was following her. When she was living at the sherry netherland. She came out one day. I will go what school. I went to the high school of fashion industries. Here in the city. I would run disgruntled sherry just to look at her. She was like you people again. She went she came back and she went like just thinking. Mahogany like she g grill. Put the teeth. She said fucking life. Oh my god and i did. I never went back from tell them. I was walking by by saw the car what year. What year are we talking in the early eighties early eighties. So this is when she was at the height of her comeback. He was at the height of her. Diana ross with endless la upside down all of that but it was before she try to resuscitate her career. With paul. And drag queens. I don't even think that was the things she did. Okay i saw. I saw a video. And i kind of i didn't like the song so i wasn't so into it like le- let gloria half a song girl. You have a kazillion song. That's gloria. you can't do nothing with the remake leib at a sokolow so in the nineteen eighties. This is this is when you had your first kind of run in bumping heads with diana ross and then most recently there was a way more sports more days more. Okay ron paul peel. No don't forget. And then then. I became a dragon and i became a very successful dragon and got your golden eggs and cave of wonders started doing all based on me. Doing diana ross. Now had international travel. I had access to designer clothes. And i was fueling it. So would go to the to the concerts justice. Her and she did not receive that very well. And you know my moment. I'm in my love. And i just want to express it ended. I would like do the thing where she would run down. The aisle always really amazing seats. Run down the aisles. And all my diana ross regalia and the crowd would do it. And then i would spit and in sit in my seat and they were like shit. That's not her as she would come out and she would just stores and then she why one of the show. She wouldn't even perform where i was sitting so i will go get a drink during missing you. Because she don't give a fuck about none of those people. She was thinking about song like a really girl. Really wanted to get a drink and i come back into crowds like why you come back because she performed over here when you laugh. Fuck you drag queen mike. Oh my goodness so. During this particular set my feelings were really hurt as a lifetime. Fan like your idol. Does that to you. I was crash crashed tomorrow. So the next day i came in and full sixties diana drag because i had a show that night and i was sitting in the first row and carried the bush and i was going to burn it and throw it on. Stage carried what the bush like. The behavior called the bush. Sorry i was going to burn it and throw it on stage like you wanna fuck with me you fuck with the wrong queen drag terrorism. She has the way affleck's knowing that she has a hold on you. She's like this queen is mad. Let me be nice. She calls me up on stage. Ladies and gentlemen me. And i was like lives going up lies. My friends let go opposite color. You go so i go on stage and she. She's sweet and lovely. And i do my shows and i sit down like i love you frosting so this. She's like seeing coming to the front china touch people's hands to touch my roommate's hand as she looks instead with her like she didn't say it but the look with with her as she snatches her hand away like no. I'm not touching you trash. They were i love when she's crossing but not to me. I want to be on the receiving end of it. But i love seeing it so one more good story. Because i've got about twenty of we got the next town. She came honey. The next time she came to new york probably about a year later a year later maybe also. My friend was working for jackie. Rogers yeah which which was what. Our personal desires jackie. Rogers was chanel model news back. He was her right hand. And diana ross were addressed by jackie. Roger to the oscars nineteen ninety. He gave me sample of the dress. I could fit apple. Can't fit that bitch now but in one thousand nine hundred so i went to the concert. She was senio hall the straight hair. I had a human a human. Hey done by matthew cast in. It was like really stray threats on. I arrive at radio city. Andre leon talley says you look i must issue a drake. Who's gonna say no to that. So at the bar with andrei naomi campbell comes running up. She goes printers dion draw. I never met their bitch. And and she says hundred shows gonna start jay. She he goes. Can't you see. I'm talking to the endre you wait. Wow they're my friend comes girl. Let's go girl. Let's go so we went. Frosty had started already. So i go to my second row seats and they are some people in my seat. So i'm like down the balcony. Where you jenna. Diana says on the mike. Oh god she's here jonah. Who you are and she knows me. Hold on we'll get to the gate. We'll get to poke gate as she goes okay. She wants some attention right girl. Come up come up. I didn't hear that my friends go go up. She called you go. So i run up on stage and then you know radio city music called is so incredible looking and just looked beautiful room. Diana says who are you supposed to be tonight. Naomi campbell.

Naomi campbell Diana new york Andre Ross jonah andrei naomi campbell leon talley tonight one thousand tomorrow Rogers jackie Roger ron paul peel nineteen eighties first row le- let gloria first Frosty
"sherry netherlands" Discussed on Feast of Fun

Feast of Fun

07:33 min | 1 year ago

"sherry netherlands" Discussed on Feast of Fun

"Royal Highness princess Diandra. Has had an amazing drag career. Impersonating her first Love Diana Ross but she also relishes channeling, the two other great entertainers in her. Holy Trinity, Tina Turner and Patti. LaBelle as much as Princess Diandra, dog loves her Divas. She cuts them, no slack. She just as soon come for those, ladies that the hrh and her title might as well stand for honey read her two years ago. Tabloids went wild when Princess Di andar got into an altercation with Diana Ross that resulted in her having to be escorted out of the building. So imagine what DeAndre is like, two celebrities, she doesn't care for photographer, David lachapelle, tasted the apple martini. She dumped over his head Madonna, felt the coldness of Diandra shade and Kathie Lee Gifford got an earful on the phone. So hot it made it off. TV. Today, her Royal Highness princess the under joins us to tell the tales of all her adventures performing is a drag Entertainer and all the celebrities. She loves to read to filth plus snake to Studio fifty-four as a teenager as mother of the House of ecstasy. What her thoughts on the final season of pose filming To Wong Foo with all the top drag queens of the day and all the T. LaBelle has on everyone honey, read her. I'm faster furnace. Hi Mark billion and this is Feast of fun. Hello. Hi. Is this song? Royal Highness princess Diandra? Does she hang up? I think she hung up. Hello, hello, hello, hello. I think now we have two people on the Earth. How many people are with us now? That's great spirits. Well, I'm here, how many black people are with you? That's the question. You're not enough wage. We need more. There's never enough. Well, depending on who you ask right now, is this her Royal Highness princess Diandra. Yes, mam. Yes, that's me. Well, it's a pleasure to meet you. Your majesty, your own style Stow. I'm Mark your majesty. Oh, that sounds do believe. Complete onions. I get a c. A princess, DeAndre off princess princess. I see hablas espanol, tambien. No, no, he don't know. Enough to get me some pinga song that is, I mean, I mean, poor English, espanol, Francis Solomon, possess and control and me dressing room. I don't know how long. That's, that's a line from when I met Arthur kit. She found out that I spoke Spanish and did not want to speak any other language in Spanish with me. I saw hurt the kid a kazillion times in like the dog. Is and you know, I love her but it was the same damn show. I could do it with her. Like, after the fourth time, just like her autobiographies her memoirs, it was just the same Memoir and shoot out a couple of chapters here and there and not released whatever a couple of years. I remember, I went one time with Grandma more and Connie just a bunch of Queens. We all particular certificate at the ballroom, I believe the Plaza Hotel know, we thought she was at the plaza at this point. We would we, it was thoroughly term old, okay. She was at the ballroom and she said, very interesting facts over here. That was, you know, I just love got a friend that used to do stuff like that with her life, she reprimanded him and he said it was kind of embarrassing. Oh, don't talk back to Eartha, you just don't come for. You gotta know. You got to stay in your lane Diana, Ross, dead. That later, you know, in your name keeps popping up throughout the course of Our Lives as one of New York City's entertainment, package longer, how long, how long have I been around in this earth? Well, how long have I been popping up? A good fifteen years at least. So, we've been doing this podcast, this summer is going to be our three thousand episode and four years, people, you need to talk to princess Diandra. She knows the names. She has the receipts. Hrh does not stand for her, Royal Highness way. It stands for honey, read her. So, you know, with the Tina, Turner documentary, your name popped up again, misunderstood, and Lady Bunny, and bunch of other people are really excited about what you have to say about these Divas. But you were in the news, not too recently because you got into a altercation with one of your Heroes Diana. Ross one that she Rose one of the members of my living Trifecta, would you call Frosty but they jockey for position? Yeah, but Tina Turner's number one at the moment and now Patti LaBelle and Diana, Ross can beat each other up for number to deliver anymore. They just don't get out of the game early when she couldn't do it anymore. You can't keep coming back trying to do. You did when you were Thirty when you a t cuz it doesn't work. And then you you ship away my fond memories of you. You keep to it. But anyway, my dear Frosty who was the first and she held the title for many years until I actually met the whole in person and it's very mean. She's very evil, Reach Out And Touch my ass off, TV box, b, l she screams, she'd be raised, she'd be Littles people and I love her like cooked food, but I will call that whole everything, but a cock sucking dick from Detroit. And she comes for me and she did come for you, right? And the fans don't appreciate that, but Diana Ross's and pay my bills, well, she does. But, this is what I'm trying to understand. So there was, there was this this event you for years, you've been known as one in New York City, or let me give you the backstory, we can do that. I love Diana Ross, as long as I can breathe like my mother tells it. Incredible story of how the Supremes were on the television show and I was crawling across the room and. And then The Supremes left. And I kept pointing at the TV crying and crying and crying. And she said, you probably cried to the next time they came back on. But that's when she was like this little boy loves dismiss Ross and I did and I from New York and she lived in. Well, they filled the winds in New York and I followed her around every time they were filming. And I went to go home for the first time and like my walls were covered with her. Then I grew up and I said, well before I started doing her one time, I was following her when she living at the sherry-netherland, she came out one day, I would go with every day after school. I went to the High School of Fashion Industries here in the city. I would run to run to the Chevy just to look at her. She was like, you people are dead. I think she went out and she came back and she went like just second mahogany..

Patti LaBelle Kathie Lee Gifford David lachapelle New York Tina Turner Patti DeAndre T. LaBelle Wong Foo Detroit Diana LaBelle Madonna New York City Connie Arthur Earth Ross four years Francis Solomon
The Biggest Bubble in World History?

Stansberry Investor Hour

14:54 min | 3 years ago

The Biggest Bubble in World History?

"The rant. This week is continuation of last week. Okay what i've done here is. I've added kind of another chapter to the story story so last week. I talked to you about the way that wall street turns conservative investment vehicles into pure toxic waste is what i'm calling colleague and i mentioned two examples right. The investment trusts starting in the late nineteenth century ending in the nineteen twenty nine crash and the u._s. thirty year mortgage around the time of the financial crisis. You know maybe from around two thousand two through just say two thousand nine this week. I wanna talk a little bit about mutual funds in that same light okay and the story begins with something called the prudent prudent man ruling of eighteen thirty. We're getting in the weeds here folks. There's a lot of material here all right so the prudent man fiduciary the tradition in american well in american law and in american finance goes back couple of hundred years before the nineteen sixties when when and mutual funds kind of blew up in the way that i'm about to describe but there was this one particular decision in eighteen thirty in a case called harvard college versus amory sorry you can google that and and learn the details of that amac and talk about just mention the a quote from the decision that was made at that time so so here's the quote from a decision which outlined the prudent man rule okay so these are the words of judge samuel putnam in eighteen eighteen thirty quote all that can be required of a trustee is that he shall conduct himself faithfully and exercise a sound discretion and he is to observe how men of prudence discretion and intelligence manage their own affairs not in regard to speculation but in regard to the permanent ah position of their funds considering the probable income as well as the probable safety of the capital to be invested and quote. That's a lot of that's a lot of stuff there but the salient points are prudence discretion intelligence probable income probable safety of the capital title so this is what's known as the prudent man rule it still alive today though you'd probably be hard pressed to find very many true practitioners. The decision was made in a boston court. Okay it became the ruling principle of among others a whole class of money managers that will called the yankee trustees they were the living essence of the prudent man rule and they viewed the avoidance of losses as more important than achieving leaving gains right very conservative so in boston almost one hundred years after the prudent man ruling the first open ended mutual fund was created in nineteen twenty four and it was very much a product of the trustee culture right people who took care of trusts and were these the yankee trustees who used the man ruin invested very conservatively it was called the massachusetts investors trust and it was different because it didn't have a fixed the number of shares like all the funds before it it's sold shares to the public based on demand and investors could sell them right back to the company at whatever the current price was right. That's an open and mutual fund as we know today so as a product of the boston prudent man culture it was so conservatively run it came out in nineteen twenty four right just when the twenties were kinda getting getting cooking and it was seen as being out of step with the times sort of like warren buffett in nineteen ninety nine fine and you know it it did all kinds of things issued detailed quarterly reports listing all of its holdings and transactions and costs that was the exact opposite visit policy of at that time the the new investment trusts of the era which refused tell investors what was in them in turn out as we said last week to be toxic waste okay now you fast forward a little bit you go nineteen forty-three edward crosby johnson. The second is a lawyer who takes over the fidelity fund and fidelity right. The company knows fidelity. It's got like two and a half trillion of assets under management today well. He took over this boston. Mutual fund operation called fidelity fidelity at the time. They managed three million bucks. It was hardly anything that was even a small amount of that time in nineteen forty three now in his book the gogo years author author john brooks noted of that event quote the man who turned the fidelity organization over to him refuse to take nickel for it in keeping with the traditional boston austin concept of a trusteeship as a sacred charge rather than a vested interest to be bought and sold and quote brooks looks continued the notion of a mutual fund as a trust was deeply ingrained in state street sort of like wall street and boston deeply ingrained in stay street st st st at that time and would remain so until about nineteen fifty five in quote so the laws governing mutual funds and trust were different but until the the mid fifties according to brooks mutual funds felt like trusts right it wasn't seen as an opportunity to get rich speculating with other people's money far from it. It was a sacred charge so but johnson you know eventually. He left those old conservative ways behind. It's a necessary step in solving the toxic waste. He was a fan of jesse. Livermore johnson love jesse livermore. That's what got him interested in. The stock market to begin with of course livermore was the famous trader who made lost i i if i'm not mistaken for fortune speculating on stocks you know including in the twenties and eventually shot himself in the head nineteen forty in the cloakroom grooming sherry netherlands hotel in new york so with his one transaction of taking over the fidelity fund the old conservative way of the yankee trustee was kinda taken out back and shot in the head johnson grew the business by trading stocks okay now the dow rose about one hundred and fifty percent between nineteen forty-three the year he took over and nineteen fifty two the year johnson met a man named gerald cy who's a chinese fellow his last name aside t._s._a. Sign was born in shanghai china in nineteen. Twenty eight came to the u._s. In nineteen forty seven to go to college got a bachelor master's degree from boston in university and stuck around so these guys met nineteen fifty two and they were both inclined more towards market timing and rapid-fire trading in large positions positions you know no diversification long-term view neither had a trace of the prudent man in him johnson. Let size start his own fund in nineteen fifty seven the fidelity capital fund. I'm sorry i left outside went to work for johnson when they met okay and he started his own fund in nineteen fifty seven the fidelity eddie capital fund from nineteen fifty eight to nineteen sixty five the fund return two hundred ninety six percent according to john moguls forward to a book called super money by adam smith breath aka george goodman good book. You should read those those adam smith books along the way si- had to deal with the crash nineteen sixty two that year the dow jones average fell twenty seven percent and most of the downward move which was really from kind of january first until june twenty six of that year most of that downward and move happened in two months between april twenty fourth june twenty six with a drop of twenty two and a half percent so is short and sharp and kind of brutal john brooks. It's not how well the mutual fund industry weathered the storm quote the great rising giant of american finance the mutual fund industry had come out with honors cash chevy still conservatively managed in the prudent fiduciary tradition the funds had bought unbalancing the falling market of monday and had sold on balance and the rising market of thursday day thus besides protecting their shareholders from excessive risk. They had perhaps actually done something to stabilize the market and quote. Apparently there's one particularly if you look at the chart of that time there's one particular week those pretty brutal right around the time it bottomed out and i think that's what he's talking about. Their size fidelity capital fund was down by may of that year but he recovered and the fun rose sixty eight percent in the last three months of the year okay so a few years later nineteen sixty five big year for gerald outside that year has fun was up almost fifty percent of course the turnover one hundred twenty percent right so turnover of one hundred percent means. You held everything for a year. Basically like you sold every share you bought that year so he sold one hundred twenty percent implies and even shorter period right so one hundred percent turnover would be if you bought on january first sold on december thirty first every share and this one hundred twenty percent is like i don't i don't know maybe he sold it all by by november. Let's just say but really what what happened was. He's just constantly turning over daily by then by nineteen nineteen sixty-five gerald saone twenty percent of fidelity instead of picking is his successor to run fidelity et johnson picked his son ned johnson then who actually was a pretty good stock quicker to write in a bull market. Everybody looks good. Silence fidelity immediately started his own fund called the manhattan fund. It started with around two hundred forty seven million in assets the quote the biggest offering an investment company history end quote according to the new york times by mid sixty st eight. It had five hundred sixty million bucks in it. The fun didn't do so well that year though and si- sold his company to c._n._a. Financial corporation regime for thirty million. He got out of the top pretty smart a year later. It fell ninety percent that was closed <hes> so by december thirty thirty one thousand nine hundred seventy four near the bottom of brutal bear market. The manhattan fund had these single worst eight year track record of any existing fund at the time accumulative would've loss of seventy percent of all the capital that had gone into it while manhattan fund wasn't the only one there were other kind of gogo funds of the year. I remember one called. The enterprise fund was up like six hundred percent at the top and down by more than half or so at the bottom but cy was the most famous money manager of time he was really the first kind of celebrity financial major financial guy he would later lie to an institutional investor magazine interviewer when he said quote we had one bad year in nineteen sixty eight night been killed in the press ever since. I don't think it's fair dr and quote one bad year. How about the worst eight years ever at that time size gruden end there. He later worked for an insurance company that bought american can a tin can manufacturer and he turned that business into a financial services company called primerica. You may have heard of it primerica which he sold to a guy named sanford weill in nineteen eighty eight. It's the company that became came city group okay short short story there from primerica to citi group so you know size fingerprints are still on american finance today so that's the short version of how ed johnson and even more so gerald cy turn mutual funds you know this thing born out of the conservative a bit of boston yankee trustee culture into they turned it into toxic wastes into these rapid fire trading vehicles in in in the nineteen fifties and sixties so mutual funds began life in america as a conservatively managed sacred dacre charge of the prudent man the yankee trustee and they ended up as the new gogo mutual funds of gerald site irritating huge positions in highly speculative stocks trading in and out quickly and size manhattan fund was just the most famous and most disastrous example but there there were others said and you know they took these huge positions they weren't diversified and the brokers hated it but they couldn't not do it. Because <hes> you know cy was a big deal. He was the biggest thing in finance at that time that two hundred and forty seven million deal right that was the biggest deal is like fifteen percent of all the offerings that year in mutual fund so you know it was the brokers had to deal with them. They had to play along with these huge positions that he was taking even though they didn't like it because it looked dangerous to them <hes> and trade in out very quickly. It's just like the investment trust of the late nineteenth and early twentieth centuries and it's just like what they did into the thirty year mortgage with mortgage-backed securities and c._d._o.'s in the housing bubbles it housing bubble singular really have one of those wall street takes these conservative vehicles and turns them into toxic waste. Every year is a little bit different. Every bubble has its own characteristics characteristics and course today. What are we seeing today the very biggest bubble in the history of the world the global bond bubble label featuring at last count according to data compiled on bloomberg. They keep track of it. If you have bloomberg you can you can log in and get the latest chart art of the world's negative yielding debt. It's over sixteen trillion about sixteen point four trillion according to bloomberg it's insane. It can't end well. These things things never ever ever do the thing that worries me about this and of course i have to give credit where it's due wall street had less to do with this than central bank central banks did this when this on them of course they're clearly taking a page. I don't know did wall street. Take a page from them. Wall street was around before central banks right so <hes> at least before the federal reserve's early so i think we we have to say that <hes> the central banks take a page from wall street and turned you know the conservative -servative thing most of the negative yielding data sovereign debt and they've turned it into toxic waste guaranteed to lose you money if you hold it to maturity pretty insane insane. That's the rant for this week if you liked it or didn't like it or have a question or a comment right into feedback back at investor our dot com.

Edward Crosby Johnson Boston Manhattan Fund Trustee John Brooks Primerica Gerald Cy Fiduciary Gerald Bloomberg Gogo Boston Court Jesse Livermore Livermore Johnson New York Times Warren Buffett Massachusetts