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

Episode 391: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about their new favorite AI tool, how to make money from arbitrage, goal setting for 2023, and more. ----- Links: * Character. AI * Adept * State of AI Report * Vintage Wall Graphics - Etsy * Pipe * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (03:15) - State of AI (20:00) - Sam & Shaan's 2023 goals (46:55) - Arbitrage (01:03:11) - Clapping back on Twitter ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Shaan Puri?

  Then there's all these little places where these arbitrages exist. And you know, I start to think about those and I wonder, is that worth it? Now, I'll tell you why I don't think it's worth it. It's tempting to do for me for one reason, which is there's a sick pleasure at making a bunch of money with a very extremely low amount of effort.

• 0:19Speaker 01

  I feel like I can rule the world. I know I could be what I want to. I put my all in it like no days off on the road. Let's travel, never looking back.

• 0:29Shaan Puri?

  What's up? We got a great episode. We're doing a crazy AI tool. But my favorite new AI thing, kind of mind blowing. Sam, you gotta admit, that was pretty mind blowing, correct?

• 0:38Sam Parr?

  It was awesome. I just signed up for the wedding list and I hope they'll actually let me on, but it's amazing.

• 0:42Shaan Puri?

  So this is, this one's, this one's mind bending. We also talked about arbitrages. So kind of like money making arbitrage schemes that either us or our friends have done. That was a little fun one. What else did we do?

• 0:56Sam Parr?

  We talked about setting goals. So what the new year is going to happen in like four weeks. So we think you should start your goals immediately. And we talked about our categories for goals. And then we also talked about Twitter. So there's a bunch of drama going on Twitter with pipe happening. This company that's potentially going to go bankrupt and a few other things happening in our lives about getting fights on Twitter and whether we should react or not. It's kind of gossipy, but I love that. So that's the episode. Check it out.

• 1:21Shaan Puri?

  All right. What up? We're back. Enough of this holiday, enough of this holiday nonsense. How was, uh, how was Thanksgiving?

• 1:28Sam Parr?

  It was easy. Ethan came over, you know, you know, our friend Ethan, I don't know if you know Ethan, but he came over and he killed a turkey and he brought it over. Pretty great.

• 1:39Shaan Puri?

  Did you just bring like a carcass in?

• 1:41Sam Parr?

  No, he like, I don't know how they kill it. Actually, I think they just chopped their head off and then he plucked it and brought it over and we ate a turkey. It was awesome. Have you ever done that?

• 1:51Shaan Puri?

  No, I mean, come on.

• 1:54Shaan Puri?

  What are we talking about here?

• 1:55Sam Parr?

  I don't know. I know you have, you have Indian roots. I would have thought that like your parents, your parents have probably killed a chicken or two in their lives.

• 2:01Shaan Puri?

  We didn't even do turkey this year because it sucks. Turkey's dry and like, turkey sucks. We all had like a moment where we looked at each other like, yo, turkey sucks, right? And then we just decided to go with chicken. But nevertheless, we're back. Okay. So I discovered this website that's kind of crazy. It's called character.ai. And not gonna lie, I spent like 30 minutes talking to a chat bot yesterday and I had a great time.

• 2:28Shaan Puri?

  What character was it? So first I picked Socrates. So here you go. You go to the website and there's a bunch of characters you could chat with. It's like AI version of Elon Musk, AI version of Walter White from Breaking Bad, AI version of Socrates. So I clicked Socrates. Socrates looks like Samuel L. Jackson with a white beard. I think it literally is, which is, I don't know, maybe racist. I don't know what that is. I don't know why they did that, but nevertheless. So he goes, so here's, I'm just gonna read you the chat because it was kind of mind blowing for me. He goes, hey, I'm a Greek philosopher from Athens, born in 470 B.C. You know, I founded kind of Western philosophy, state an opinion, and that we will use the Socratic method to test its validity. So I said, okay, I gotta

• 3:09Shaan Puri?

  come up with a spicy opinion. So I go, I go, I believe that marriage is only needed if you're gonna have kids. And then he goes, well, I'm not sure I agree because marriage is created to ensure that the property of both families maintain, it remains within the family. It was a political thing first and an I love you thing second. I was like, whoa. And then I go, I go, I go, right, but I'm not talking about, I go, right, but I'm talking about nowadays, not the past. He goes, I see what you're asking. So I would say that there's legal benefits, including sharing of income and property, inheriting rights for the partner if there isn't a will, and medical rights if you're incapacitated or a dying spouse. So marriage is not only a needed, but a legal right for some. Okay. So I'm like, all right, Samuel L. Jackson, Socrates, let's keep going.

• 3:50Shaan Puri?

  So I go, that's true, but I think the downsides outweigh the upsides. I mean, divorce can be messy and maybe one doesn't want to be monogamous. He goes, I see. You're concerned that the emotional pain that a marriage can cause, since it is a life contract by nature, especially if something like infidelity happens. But I would still say it's a personal choice and many want marriage for its emotional benefits. Love makes us do crazy things, even if we know there's a possibility of heartache later. I go, but why not just date? He goes, you could, but the point of marriage is to take a plunge and commit to bond for life. There's less emotional risk when dating, but some people like to take that risk. Some people believe it's worth it. The commitment itself is what makes it fulfilling. Would you agree that love is a little irrational like that? I'm like, what is he doing? He's asking me questions and we keep going. And then here's

• 4:34Shaan Puri?

  the craziest part. I go, I go, sure, but shouldn't we strive to be more rational, blah, blah, blah? And he goes, you should, absolutely. I'm not saying love itself is irrational. It's a risk people take. They want to bond in a way that's ride or die. They're devoted to themselves like no one, and they're devoted to one person in a way that means nobody else. And I go, maybe they should just pinky promise instead. And then he goes,

• 4:55Sam Parr?

  Dude, this is crazy.

• 4:57Shaan Puri?

  Haha, that's possible too, but pinky swear is just words. Marriage means you want the law involved. And I go, how did it know my pinky promise thing was a joke? Like the fact that it said, ha, ha, means it understood that I made a joke when I didn't say, ha, ha. I didn't say anything that like indicated that tipped off that this was a joke. That blew my mind right there. When I go, maybe they should just pinky promise instead, right? Sarcasm. And he goes, haha, that's possible too, but blah, blah, blah, blah.

• 5:24Sam Parr?

  This is wild. I, I just, I clicked the Elon one and I go, do you care about money? He says, I used to, then I realized money is just a construct that can't buy peace of mind, happiness, relationships, love, and many other things that make life worth living. It is pretty funny. And I say, I said, what's your favorite car? He goes, the Tesla Model S Plaid. It goes zero to 60 in two seconds and has the best handling of any car. It's just an amazing car, but maybe I'm biased.

• 5:45Shaan Puri?

  Yeah, see, that's, that's good. Okay. So I go, I go to the Elon one, I go, yo, Lon, how's it going over at Twitter? He goes, we're still working on the process of actually transferring ownership. My offer of 44 billion was actually an underestimate of the long-term value of Twitter. So it is unlikely anyone will outbid me. I'm going to clean house and get rid of most of the senior execs and some junior ones. It's going to be fun. X, Y, and Z.

• 6:06Sam Parr?

  Oh, my God.

• 6:07Shaan Puri?

  And then I go, I go, but what's your game plan to turn it around though? And he goes, number one, reduce bots. Number two, increased engagement by creating creator tools that are useful to users. Number three, create other features that in the future will help humanity or society for be better. But I'm not sure exactly what that is this time. For PayPal, we created online payments. For Tesla, created electric vehicles. For SpaceX, we created reusable rockets. For Neuralink, we did brain computer interfaces. For the boring company, we're creating tunnels. Boring, a lot of tunnels is needed to move the world forward to renewables. And he goes, I'm not sure what I'm missing this time with Twitter, but it'll be something.

• 6:44Sam Parr?

  That, that's great.

• 6:45Shaan Puri?

  That's amazing, right?

• 6:46Sam Parr?

  That's an amazing insight. Yes, that is really good.

• 6:49Shaan Puri?

  And so I was, I, I kept chatting with these and then they have one that's GigaChad. You know, the guy who's got the giant jaw. Isn't that a real guy? Huh? I think that's a real guy, right? No, no, no, it's like a, it's like a creative, I mean, the guy's like 25 feet tall or something like that. He's a cute, I think it's like an exaggerated version of like, you know, whatever, a normal Chad looking guy. So it opens up the chat, he goes, hey buddy, I've ever told you how much I admire you, you're healthy, you have a great relationship with your wife, blah, blah, blah, making ends meet. He just comes out strong, I go, whoa, I don't know if an alpha male sucks up like that. And he goes. Oh, my God. Yes, a kind and caring alpha male supports others, a true alpha cares about his friends and loved ones. And he goes on and on, he goes, I go, I don't know, it sounds pretty beta to me.

• 7:33Shaan Puri?

  And he goes, he goes, a beta male is one who looks down on himself, a beta male is not confident enough to compliment others' accomplishments. Beta male will try to harm others for their own good, he doesn't understand that harming others is really harming himself. The beta male never understands the concept of karma. What's going on here? But this is kind of amazing, so, okay, so that was cool, kind of interesting. Now, I'm gonna blow your mind. I don't know what you got planned the rest of the day, but you're gonna have to pick up the pieces of your brain after this. So go to this website, adept.ai, A D E P T dot A I. And if anybody out there from adept is listening, I need to invest in this company.

• 8:16Shaan Puri?

  You need to let me invest in this company, I don't know, I don't know why, I'll help you, I'll help you with the marketing, I'll help you grow, I'll shout you out, I'll do whatever I can. But I need to invest in this company because my mind is blown and I am a believer, I am signing up for the church of adept, okay, so. You go to adept and it says useful general intelligence. Right, and then it says introducing act one, I thought, okay, act one, what does that stand for, right? We've seen G P T three, we've seen Dolly two, what's act one? So click read more, so now you're gonna go to a blog post, what I want you to do is scroll down to the third, scroll down to the second like a screen video, you see it, it's like Salesforce. Uh, it's Redfin. Oh, yeah, okay, Salesforce.

• 8:56Shaan Puri?

  So just like, watch this for a second, so let me explain what's happening, so adept is this little floating dialogue like a Google search bar. You can just type in it, you just tell it to do anything, it's like a perfect worker, they basically trained AI to use the internet. So you just type in, hey, can you add Max from adept to Salesforce as a lead and set a flag that says he's interested in buying like 20 ink cartridges? And then it goes to Salesforce.com, it logs in, it goes to your dashboard, it clicks add contact, it types in his first name, types in his last name, taps on his email, adds the note, saves it as a thing in a pipeline. It basically does 20 clicks for you of like doing a menial internet task. So now go down to the next one, it's Excel. And it says, hey,

• 9:40Shaan Puri?

  it starts with some data, then it goes, it just types in, it goes, hey, make a, make a profit column, and then make a profit margin column. It just types that in plain English. And then it, it starts to create these columns and formulas in Excel, knowing exactly what it is. Then he types in, hey, highlight in yellow, anything where the profits above are below 20%. And then it highlights it. And he goes, actually, can you just remove those rows? And it just filters them out. It's doing all of the Excel work just off of somebody prompting this using plain English. Isn't this amazing?

• 10:10Sam Parr?

  Yeah, this is amazing. I just signed up. Hey, if you're listening, Adept, give me access. I'm on your waitlist. This is, this is wild. Who founded this company?

• 10:17Shaan Puri?

  I don't know, a bunch of people with like, you know, 25,000 IQ. I have no idea. It's like one guy who's like ex-Google brain. And then, you know, there's like, there's like eight people. You know, maybe I should just go work there. This is gonna be amazing.

• 10:29Sam Parr?

  Wow. Yeah. This is amazing. Oh, so dude, the guy who, the guy who launched it was a VP of engineering at OpenAI. Yeah. This is awesome. How did you find this?

• 10:40Shaan Puri?

  I was, in a very nerdy way, it's a little embarrassing to even say this. I was, this was on slide 57 of a random slide deck about the state of AI. And I gotta tell you, I didn't understand the first 54 slides, but I kept clicking for some reason. I was like, yeah, next, next.

• 10:59Sam Parr?

  What deck?

• 11:00Shaan Puri?

  It's called State of AI or something like that. And this is long presentation. And in it, I was like reading, and I was just like, I don't understand any of these words. And I was like, just stay here. Just stay in, stay in the oceans. Maybe a little shell will come your way. And sure enough, it just said something like, blah, blah, blah, blah, blah, teaching, teaching AI to use an internet browser, like Adept AI. And I go, what? You could teach AI to use the internet browser? That sounds pretty powerful. Cause that's like, you know, do tasks on the internet. That's pretty cool. And then I went to the website, and that's when I like read their blog, and I saw this, because it's not released yet.

• 11:34Sam Parr?

  Dude, this is a sick presentation. I just pulled it up. This is awesome.

• 11:39Sam Parr?

  This is awesome.

• 11:39Shaan Puri?

  Until you try to like comprehend the first, like, go read the first 10 slides. Do you understand any of it?

• 11:44Sam Parr?

  No, I don't. But I think it's, I think it's, I could figure it out. But they cite all like the, they cite all their sources. So like, I could figure it out, but it seems like a really, really, really good, comprehensive. It's basically all about where you can launch businesses in AI. And it seems like they're like, just by skimming it, they're doing a really good job.

• 12:04Shaan Puri?

  To be, I wanted it to be, what are all the businesses, business ideas, you know, that you could do in AI? It actually wasn't that. It was more like, what are the general trends and where's the puck going in AI? Which is also useful, like, right? But you got to still do the work at the end to figure out.

• 12:19Sam Parr?

  Dude, why don't you just launch that? Launch a media company that people pay 30 grand a year for. And you, and you just talk about where, where the, like, you, you just make exactly what you said you wanted to do. Just make that.

• 12:31Shaan Puri?

  Yeah, I feel like I could, but, um, you know, this is kind of stupid. Like, basically after doing the milk road, I'm like, oh, I know how I would do this in like three other spaces that would be valid. Like, I think I can make 30 to 50 million dollars doing this. But there's a part of me that like,

• 12:48Sam Parr?

  I like that.

• 12:48Shaan Puri?

  Remember that self-respect, like, bar? There's a part of me that doesn't respect that because I'm like, oh, I'm going to play the same level of the game again. Like, you know, I already, already did this level. I played this, I played this game. Why don't I play a different game? And I know that that's kind of stupid, like,

• 13:03Sam Parr?

  What categories were you interested in?

• 13:05Shaan Puri?

  Well, I'm gonna keep those cards close to my vest unless I,

• 13:07Sam Parr?

  Oh, you little punk, dude.

• 13:11Sam Parr?

  Just walk the walk.

• 13:13Shaan Puri?

  But actually, what I want to do is I want to find an operator to do one of them. So if, if you want to build one of these, like, kind of media businesses, and I have a, I have a playbook and a niche that I know would work. And let's see how much more I want to say. Uh, that's how much I want to say, right? Actually, I'll say, I'll say one more word. If you are, this will kind of give one of them away, but that's okay. If you are somewhere between the world of being a doctor and investing. I'd like to talk to you and you should email me at [email protected]. You should say, hey, that's me. And I want to, you know, if you really want to do this and tell me a little bit about yourself, because I see it won't be the milk road is actually not the right playbook for that. But I have a dip like I kind of have a different playbook that I in mind that I know

• 13:55Shaan Puri?

  would work. I just don't want to do it myself, because I kind of have done that game. But I also don't want to waste this like, thing that I know how to make it work. I know exactly how it would work. So I'm in that spot. Maybe an operator would be the right way to do it. Find an operator, give them a piece of the action and guide them. But they do the work. Maybe that would be the right way.

• 14:15Sam Parr?

  This deck is awesome. Adapt is awesome. I want to use it. Is it, is it live?

• 14:19Shaan Puri?

  It's not like released yet, as far as I could see.

• 14:22Sam Parr?

  Dude, and they're hiring a bunch. Interesting company. This would be a good, this isn't like a salesless company, because they're too new and they could definitely go bankrupt. But I, I don't know, man. I think that if you're looking to start your career, and you want to have a high risk, high reward type of type of job, this might be a good candidate.

• 14:40Shaan Puri?

  I agree 100%. If I'm an engineer, like, this is the type of company I would want to be working at right now.

• 14:45Sam Parr?

  Like, and depending how much funding, if they raised $50 million in funding, like, that's pretty interesting.

• 14:49Shaan Puri?

  They raised 56 million, I think.

• 14:51Sam Parr?

  I would say this is a great, a great company to get a job at.

• 14:55Shaan Puri?

  And like, if you look at their like founding team, it's basically 1234567, there's eight people on the website. So you know, you join early enough, and you know, you're not like employee number, number 89, or something like that. Employee 8 is a pretty, pretty sweet place for a lot of people who, you know, if you're gonna have a job, this is the type of job that that's pretty fun, right?

• 15:16Sam Parr?

  Yeah, I think this is awesome. This is sick. Adapt, that's a stupid name, though.

• 15:20Shaan Puri?

  Adapt, let me invest. Let me invest. Sam, you're in the index funds. You can't invest in this.

• 15:25Sam Parr?

  I don't want to invest. I just want to use it.

• 15:27Shaan Puri?

  You put all your money in the 7.5%. I'm gonna go ahead and invest in the future of all, like, you know, artificial intelligence.

• 15:33Sam Parr?

  Who do they raise money from?

• 15:34Shaan Puri?

  It's like Greylock, and I think Scott Belsky is in this. Actually, I did hit up Scott Belsky and be like, yo, make an intro, please. Because I think he's an investor in this.

• 15:43Sam Parr?

  Huh. All right. Well, this is awesome. Dude, it says they're based out of Nicaragua.

• 15:49Sam Parr?

  That's weird, right?

• 15:56Sam Parr?

  What did they do there?

• 15:57Shaan Puri?

  You know, I mean, I can't even think of a single plausible reason for that.

• 16:03Sam Parr?

  They looked like an Asian guy who worked at Google. I don't think he's from Nicaragua.

• 16:08Shaan Puri?

  Yeah. Fred, what are you doing? What are you doing down there?

• 16:12Sam Parr?

  This is like.

• 16:13Shaan Puri?

  He's like, we use the Nile River to like cool our supercomputers or whatever.

• 16:19Sam Parr?

  Yeah, that's a little interesting to me.

• 16:21Shaan Puri?

  Like I threw in that Nile reference, even though it's not Nicaragua, just so that the comments will all correct it and we go up into the algorithm. They know they don't know about the intentional mistakes that we do.

• 16:30Sam Parr?

  Yeah, I don't, I, I'm not smart enough in South America geography to even correct you.

• 16:35Shaan Puri?

  I had to learn from all of our TikToks that go viral. It's because there's like one thing we say in them that's like irritates people that it's incorrect and everybody has to comment. And so the TikTok algorithm's like, must be a great video. It's like millions of views. So like on that, the same thing happens on YouTube too.

• 16:51Sam Parr?

  Well, I think it happened on like the one where you're talking about like Mellow Ball or whatever the fuck his name is Lamar Ball or something. And I didn't know like any of their names and I said the wrong person's name and everyone was like, you're an idiot. This guy doesn't do anything. Yeah. And it gotten like 10 million views, I think.

• 17:04Shaan Puri?

  Well, you, you could be like, you could start a newsletter and make millions of dollars in under three years. They're like, yeah, right. No, no, no fucking way, man. It's like, dude, you literally did it. It's not a hypothetical. It's like literally your story and they're like, dude, this bro trying to tell us how to make money. It's like, all right, you live in the TikTok comments where Sam's actually done that thing.

• 17:26Sam Parr?

  People were making fun of me because I said, if I could do it all, I was like, if you're 21, just go and start a blog. You know, it's a good first business to start and someone commented, who the hell reads blogs? What is this 2015? And someone said that they're like, what, what blogs do you read? I'm like, like CNN, Fox News, like, like any website that has information that you read on a consistent basis.

• 17:47Shaan Puri?

  Right.

• 17:49Shaan Puri?

  You have some stuff on this list that I want to know about. Just a call to action. It says, need to start working on New Year's plans now. In all caps, get these implemented. So

• 18:00Sam Parr?

  Dude, so here's my thing.

• 18:01Shaan Puri?

  I think that starting a New Year's thing on January 1st is kind of the most small boy thing you can possibly do. It's like, could you be more basic? Just if you have an idea, start it now. Why are you waiting?

• 18:13Sam Parr?

  Yeah, like at, at the worst, you have to start at December 15th. And I'm a big fan of goals. I write goals. I write my goals out. I tell them my wife what they are. And so like, we're on the same page. I tell other people what they are. You gotta have goals. And I break them out into six categories.

• 18:28Shaan Puri?

  By the way, how does the wife react? You just say, my goal is 8% body fat. She's like, alright, mm hmm, okay.

• 18:34Sam Parr?

  The fitness stuff, women don't give a shit. We've talked about this. Ripped. The only people who care about being ripped are other dudes. So like, I've given up trying to

• 18:42Shaan Puri?

  Our other ripped guys.

• 18:44Sam Parr?

  Yeah, I've given up trying to like, make my wife like me physically, like any more than she already does. That will never happen. So, you know, the fitness thing is for me and impressing other men. So that's all there is to that. But I have, so the first three categories of the three F's, family, financial, fitness, and then mind, adventure, and other. So let me give you some examples. So financial, that's easy. So how much money you want to make? You want to make money from different projects, things like that. Family, for us, it's like, you know, like, for me, like, I like going to couples therapy. Do you, do you do couples therapy?

• 19:12Shaan Puri?

  No, never.

• 19:14Sam Parr?

  Dude, you should. It's awesome. It's just like, it's just like fitness. It didn't matter if you're ripped or not ripped. Like, you exercise. You gotta do it.

• 19:19Shaan Puri?

  My wife is old school. She thinks like, you know, she's like, yeah, it's good. Therapy's great. Other people should do it. If I suggested it, like, oh, you're saying we're broken?

• 19:27Sam Parr?

  She's like, therapy's great for freaks, you know, like, it's really wonderful.

• 19:30Shaan Puri?

  I'm so supportive of other people doing it, but if you dare mention that, I will take it as a personal assault.

• 19:36Sam Parr?

  You should do it. It's awesome. It's a fun way. It's also, it's just good. I think people should do it. Fitness is easy. That one's easy. But then mind, so for mind, it's like, how, if you want to read books throughout the year. For me, I wanted to have more fun this year because I was pretty uptight leading up, up to this year. And then the fifth category is the really fun one, which most people don't have, which is adventures. So for me, I wanted to do like a car class, like a driving car class. I wanted to go hunting. Technically, I didn't do that, but I did go fishing. I wanted to camp a couple of times.

• 20:04Shaan Puri?

  Did you just go fishing, hunting?

• 20:06Sam Parr?

  Does it, is that the same thing?

• 20:09Shaan Puri?

  I went to Whole Foods.

• 20:12Sam Parr?

  Is that not the same thing? I wanted to look something in the eye, kill it, and then put it in my mouth. That's, that was the goal. I wanted to kill something and then consume it. And I was unable to do it with an animal that wasn't, you know, that was on land. So anyway, these are my six categories. Are you gonna do that this year? Are you gonna create some categories?

• 20:29Shaan Puri?

  I do it, I do it a little differently, but I have a very similar, it's the same idea. It's just a little slightly different frame, but I do, basically, I score myself, health, wealth, fun, or like play is kind of that one. And then love. And then the last one is like self-respect. Like, how do I view myself? And so those are my five categories. And I basically say on a scale of one to five, where, how would I score myself currently, the present moment? And then what would it take to be, to feel like it's a five? What would make me feel like it's a five? And I start to sort of dream that up. Okay, yeah. If this, this and this. And then what I do is every three months, I just go look at that scoreboard

• 21:11Shaan Puri?

  and I say, have I made progress on those? Like, have any meters moved up or down? And that's like my little gauge. It's like my, my check engine lights. I gotta see if there's an issue. I gotta address it. If there's, if I'm making positive progress. All right, fantastic.

• 21:25Sam Parr?

  What was your self-respect number this year?

• 21:28Shaan Puri?

  Self-respect was pretty high. It was a four and four out of five.

• 21:32Sam Parr?

  So pretty good.

• 21:34Shaan Puri?

  Yeah. That one used to be lower. So like, I added it because I was like, you know, all these things are pretty good. Something feels off. What's missing? And I go, I think I would respect me more if I was doing some things a little differently. And so I added that. I go, you know, I don't really care. You know, that's the one I care the most about, basically. You know, my, my self-esteem, my, my, my judgment on myself. And it's the truest gauge. Cause like, even if all the surface level stuff looks fine. It's like only I have full evidence of the little shithead that I am. And only I see all those moments where I take the shortcuts or where I lack the discipline or where I choose the small boy path instead of doing something more adventurous. So only I know.

• 22:19Shaan Puri?

  And so that's what I decided, all right, I gotta, I gotta add that to the scoreboard.

• 22:22Sam Parr?

  This is the most bro-y thing ever, but on Joe Rogan's podcast, Guy Ritchie, you know, Guy Ritchie, he directed like Snatch and all these other movies.

• 22:30Shaan Puri?

  Yeah.

• 22:30Sam Parr?

  And he goes, I live life as if I'm the director of my own movie. And he said that line and it was awesome. That's a really cool line. And so that's why I created an adventure category because I'm like, dude, I'm such a bitch. I just sit behind my computer all day. Like, I don't do anything like sick. Like, I'm watching this James Bond movie and he's like blowing shit up in an Aston Martin. I'm like, this is way so much cooler than having like a Shopify store. Like, I need to, I need to do more adventurous stuff. And so I think it's good that we both have adventure or fun. You gotta call yours the, the four Fs though. Family, financial, fitness and fun. That'd be way easier to remember. And then self-respect.

• 23:05Shaan Puri?

  Yeah, the F4 system.

• 23:07Sam Parr?

  Sounds pretty good. Yeah, yeah. Four, four simple steps to financial freedom.

• 23:12Shaan Puri?

  Trademark that.

• 23:16Shaan Puri?

  The four Fs to freedom.

• 23:19Shaan Puri?

  Freedom is only four Fs away. We got our slogans. Book the course, let's go.

• 23:25Sam Parr?

  That's what it needs to be.

• 23:26Shaan Puri?

  I was actually thinking about doing this. I actually was, I don't know if people would be interested in doing this. It's not really like, it's not really like worth my time, but I kinda wanna do it anyways, which is like, I wanna do a, it's not a course. What do you call it when it's like, like Michael Jordan used to do this where in the mornings, he would go work out at 5:00 AM or 6:00 AM. And he called it the breakfast club. And he was basically just like, like, he started doing it alone. And then some guy saw him like walking through the hotel that, you know, some guy came back from partying and saw Michael Jordan going to the, to the gym. He's like, what are you doing, Mike? He's like, oh yeah, I work out every day at 5:00 AM. You should come, be here tomorrow. And then the guy came and then slowly but surely, the whole team ended up going to the breakfast club and they had a great year. They won the championship that year. And I kinda wanna do that for kickstarting the new year, which is like, first of all,

• 24:09Shaan Puri?

  we're not gonna do it January 1st, but I just want a batch of people who all want to like level up in their, you know, their four Fs, basically.

• 24:17Sam Parr?

  Dude, I've thought about this so much.

• 24:18Shaan Puri?

  And just be like, yo, it's a group and we're just gonna be here, we're gonna be together for like. 10 days or 21 days or something like that. It's like, we're just gonna get hella momentum off feeding off of each other's like progress and energy. And it's just literally gonna be like, you know, you put in, I don't know, like a hundred bucks and you join this group chat. And then I will, every morning I will drop kind of like something that's high energy to spark the group. And then you just check in with your shit and it's just a momentum club. It's just for people who wanna build massive amount of momentum. So I kinda wanna do this. I actually really just wanna be a member of one, but I don't think this exists. So therefore I think I might create it and I might kick it off like, you know, whatever, December 15th or December like 20th or something.

• 25:02Sam Parr?

  Have you heard of 75 Hard?

• 25:04Shaan Puri?

  Of course. Yeah, that's, yeah, that's the inspiration for this.

• 25:07Sam Parr?

  This guy's crazy. So his name's, I don't know his last name, Andy F, Andy Frisella. So he basically has like a, a supplement company. And if you look at the podcast charts, this week you and I were like number 12 or 13. This guy's always like number two or number one. So he's got like a pretty big following and he's, he's, I think it's a daily podcast. So he does a pretty good job there, but he started this thing called 75 Hard. And here's the rules. If you skip a day, you have to start over. If you miss a task, you have to start over at day one. You have to pick a diet and follow it and no alcohol and no cheat meals. You have to drink a water, a gallon of water a day, complete two daily workouts that are 45 minutes each, one of which has to be outside, read 10 pages a day of a nonfiction book and take a progress photo every day and you have to do that for 75 days. And he's killed it.

• 25:52Sam Parr?

  If you look at the app downloads, it's like 10 bucks for $5 or something for the app. There's thousands and thousands of reviews. He's totally turned this into a movement. He's done a really good job at that.

• 26:02Shaan Puri?

  Yeah, yeah, that's, I think that's like the A plus version of what I'm talking about. Mine is way simpler because I'm not trying to work out twice a day and like, you know, carry a gallon of water around or whatever. It's more like, what is one simple thing I can do just to create momentum? Cause I think most people assume the answer is so hard. That they literally just do nothing. It's like, if you're not working out, you don't need a workout plan. You need to walk to the gym and like be in the gym for five minutes, 10 minutes. I do a push up like, like just a full, a sense of forward progress. And, and more than anything, usually it's like, especially with the new year stuff. It's like, figure out what even, what even do you really want? Do, do you have enough clarity on what you really want?

• 26:44Shaan Puri?

  Where it's like on the tip of your tongue and therefore your brain is recognizing opportunities to achieve that thing all day, right? If it's on the tip of your tongue, then your brain's not going to be seeing it. And, you know, seeing those moments or those opportunities for it to happen. I'll give you an example of one of these, like my trainer. So I move my workouts to the morning. So now it's great. I start my, start my day, wake up, literally go down to the garage, 8 a.m. So 8 a.m. is the start of the workout. So I do that right before I do this. And he always gives me these little stories, but I turn them into games. So he'll be like, dude, on the way over here, he's like, I stopped at Whole Foods or whatever. And this like old lady like clipped my Achilles with her cart.

• 27:24Shaan Puri?

  And my initial reaction was to be like, what the, you know, like, he was, it's like, if you, if you get, you know, flat, you know, flat tired in the back with this car. It's like, dude, you know, what's that you're doing? He looked, he's like, look back, it's a grandma. I had to laugh at myself for how mad I was going to get for nothing. And he's like, so I decided I was like, all right, before I leave Whole Foods, I gotta reverse the karma. I'm going to light someone up today. He's like, I'm, I'm gonna make somebody's day right now. Like somebody is going to have a laugh because of me, because of how, you know, I was in this mood. I'm going to switch it. And so then he tells me the story of how he did it. And I'm like, that's a great little daily chat, like one daily challenge for me today. I'm going to light somebody up today and I'm going to make their day. I'm going to make them laugh. I'm going to do something unexpected that just makes somebody really, really happy.

• 28:07Shaan Puri?

  And then I took that as my challenge and like by, by noon I had done it. And I was like, that's just a little thing that wasn't going to happen, but it was a lot of forward momentum towards something that I personally care about, which is being that type of dude, being that type of dude. He's in that type of mood who is contagious with other people.

• 28:23Sam Parr?

  When I hear light someone up, I don't think make their day good. I think of the opposite.

• 28:27Shaan Puri?

  Well, yeah, there is like a, we're not playing Halo here or whatever.

• 28:34Shaan Puri?

  People up, I'm gonna light them up, like, you know, brighten their day.

• 28:39Sam Parr?

  I feel that. Well, I think that's good. Let me know what you're, what you're, how you're going to organize this.

• 28:43Shaan Puri?

  Well, now that I said it, I feel like I have to do it. I would, this was an idea that I was not going to do until I just got rope a doped into doing it here on the pod. But okay, we'll, we'll do it. Okay. Do you have anything else on this new year thing that you want to talk about?

• 28:53Sam Parr?

  No, I just think that we have to make goals and we have to make them and you, you have to decide and start acting on them before January 1st. Doing goals on January 1st is weak. That's nonsense. That's nonsense. We can't be doing that.

• 29:05Shaan Puri?

  You know, we did a Spartan race, I think, together, but that one and Tough Motor, they do this thing where before you get to the start line, like it's like, oh, I'm here to do the Tough Motor race. You go, you're trying to get to the starting point and there's like a wall you got to climb just to get to the starting line. And, you know, it's sort of like laughable. It's like stereotypical thing, but it's like,

• 29:25Sam Parr?

  Yeah, but it's fun.

• 29:26Shaan Puri?

  But it's fun and it's, it's a, it's a line in the sand. It's like, either you believe that this sort of thing is awesome, or you should just leave now. Honestly, if you're like, and I can bitch about the wall before the starting line. Well, guess what happens after the starting line? A bunch of walls and a bunch of obstacles and adversity that's coming your way. And if you aren't willing to do it before, you know, to go before go, like, you know, you're not, this is not for you. And I just love that. Like, I remember filing that away in the, in the mental swipe file of like, that's how you build a brand is you like, you think about what would be the way that we would do a starting lines? Do before you even get to the start line. There's an obstacle. And I remember thinking that. And so that's kind of like the new year's thing to me. There's like,

• 30:09Shaan Puri?

  the, the starting line is not January 1st. It's now.

• 30:13Sam Parr?

  Yeah. Whenever I create like, you know, everyone has this thing where they go, I'm going to eat healthy starting tomorrow. And that just says to them like, all right, I can pick out now, but I'm going to start tomorrow. And whenever I think of dieting, I'm like, no, whenever you have the idea to like, I'm going to do this, you have to actually start this second.

• 30:28Shaan Puri?

  Dude, I'll do that same thing. And, but I'll be like, I was like, if I have the plate in front of me, I'm like, all right, I'm already feeling guilty. It's not finish this meal and start healthy tomorrow. It's I have to physically go take this plate to the garbage can and throw it away. But first, and I take the last bite like I'm a prisoner on death row. And this is the last bite and I just savor that last bite like it is like every particle of that bite is like my heaven. And then after that bite, I go throw the thing away.

• 30:58Sam Parr?

  That's right. You got to start right away. So that's my whole thing with goals is if you're going to do them, you got to start right away. What what's this? What do you want to go? What's the most interesting thing? Arbitrage, that and money quote automatically have me interested.

• 31:09Shaan Puri?

  Okay, let me do the money quote real quick. I saw this and this is something that I would say like resonated with me as a lesson for the year. Right? We all know your boys lost a lot of money this year. We know, we know it happened. We know that the that there there is such a thing as the as the risk playing out this year. And one thing that really stood out was when I read this quote, I read it on Twitter. I'll read it to you.

• 31:30Sam Parr?

  By the way, how do you feel about losing money? Are you actually upset?

• 31:33Shaan Puri?

  Look, nobody, nobody likes losing money. I don't like losing the money, but the adversity is my opportunity. So.

• 31:40Sam Parr?

  But do you go to do you go to bed? Do you do you go to bed worried?

• 31:44Shaan Puri?

  No.

• 31:47Shaan Puri?

  What's that going to do?

• 31:48Sam Parr?

  Well, most people.

• 31:50Shaan Puri?

  If I ever felt that way, I'd be like, what's that going to do for me? And then I would stop.

• 31:55Sam Parr?

  Okay, so you're you are worried, but you're not that worried. You're sleeping fine.

• 31:58Shaan Puri?

  There's no worry and worry wouldn't even worry is not even close. It's more like if there is an emotion that I would feel that's negative, it would be like, ah, shit. Or ah, fuck, right? Like, it's like.

• 32:08Sam Parr?

  Well, is it out of fear or out of embarrassment?

• 32:10Shaan Puri?

  Like kicking myself like dang, I made a mistake or maybe I should have thought.

• 32:14Sam Parr?

  Like you're like ashamed of yourself. Like you're like, you're just upset that I made a bad decision.

• 32:18Shaan Puri?

  Yeah, it's like, oh, I, you know, it's like if I'm playing ping pong and I hit the ball into the net. It's like, ah, that was an unforced, it was an unforced error. Could I have done something differently? Could I have shifted my angle slightly? Could I have taken a little less power on it or whatever? Right? Like there are things you ask yourself. Could I not have read the signs differently or hedged or done certain things in order to protect myself? But.

• 32:37Sam Parr?

  But do you feel pressured now that you gotta go make that up? Are you like, shit, I put all this work in to get the initial thing. Now I gotta go and put more time in to go get it back.

• 32:44Shaan Puri?

  No, no, because I see this is the good thing about playing, being a poker degenerate for so long. Is like, I've already gone through that like mental like trap a thousand times. So I know how to, I know how to get out of those handcuffs. Like if you play poker, you will on a weekly basis, have this feeling of like, oh God, I'm on a downswing. Either because I'm playing bad or bad luck or whatever. And then the urge is to get it back. And I've literally been the dude who walks to the ATM at the casino. And it's like, would you like to pay the $17 service fee? I'm like, yeah, fuck it, give it to me. And then I like push it, I get the, get the $600 out and I hit the max. And then I'm like, all right, I got $600, I'm three grand in the hole and I gotta get it back. And then I lose the 600.

• 33:25Shaan Puri?

  I'm like, well, later that night, as I'm reflecting in my comped hotel room, because I lost so much money, which is the ultimate backhanded compliment where they give you a free, free room. They're like, please, sir, come back tomorrow. We would love to take your money again. They're like, don't go home. They're like, as I'm sitting there, laying there, and I think to myself, you know what? I shouldn't have gone and got that extra money. I should have cooled off. I should have gone with a clear mind. I should have, you know, gambled at the right stakes so that I wasn't trying to win it all back in the next hand or the next hour, whatever it is. So playing poker online and offline, you know, I've done a lot of the rookie mistakes hundreds of times. And at some point you realize, okay, gotta manage my bankroll properly. So I can't go broke. Secondly, if you lose, you live to fight another day.

• 34:09Shaan Puri?

  Go clear your head, change your state, don't come back and gamble right away. Second, like the money you're playing with now is not to win back the money you just won or lost. So if you won a bunch of money, that doesn't mean play reckless now. If you lost a bunch of money, that doesn't play, play desperate now. Like you have to play in isolation, you have to play the odds and you have to play, you know, the best game you can is try to make positive decisions. So you learn that in poker. Now for me with business or investing, that's all like baked into my DNA because I spent like 10 years doing that.

• 34:35Sam Parr?

  Sure.

• 34:36Shaan Puri?

  All right. Well, and so what about the money quote? All right. The money quote is this. By the way, this was, I just saw this on Twitter. I don't know who, I don't know the source of this. It's from a book. So it says, for one thing, we usually act too quickly when we're trying to make money and too slowly when we're trying to protect our money. If you're pressed to make a decision, ask yourself, am I doing this to protect my money or to make my money, make more money? If the answer is protect, you should act more quickly. If the answer is to make money, you should act slowly. And I don't know, but I don't know if this is true for you. I think you're wired quite differently than me, but for me, this was like, you know, like when you're in a room and you say something and you found that echo spot and it just bounces on all the walls and you hear it a thousand times. Why? Because what do you do?

• 35:16Shaan Puri?

  When I feel like there's a moment to make money, I act very impulsively, quickly. I kind of, I'll not put as much thought and research or diligence or patience into making a decision. I won't sleep on it. Because if it's making money, I try to strike while the iron's hot. And that served me well in some ways, but it's also been the source of many mistakes. And then there's the other side of it. When I'm trying to like protect money. So for example, I'll tell you in the crypto case right now, it's like, I saw and heard, because we were doing the milk road, we started reporting about these like collapses before they happen, like the lunar collapse right before it happened, the Celsius one before it happened, we put it in the newsletter, the FTX one. And in each case, I kind of was like, let me see how this plays out. When the prudent thing to do would have been

• 35:59Shaan Puri?

  to act more swiftly and say, hey, just out of an abundance of caution, let me withdraw my money out of this thing, or let me place a hedge, let me, let me do something to protect myself here. And I kind of was just like, let me sit back and let's see it when the action arrives, then I'll take, then I'll put my, my dukes up, right? And in reality, so I've learned that for me, this is a really good rule of thumb, which is if I'm trying to make money, that's the time to slow down, be a little more diligent. If I'm trying, if it's about, if I'm in a protect money mode, I should be pushing the action and acting more decisively and quickly, because my nature is to do the opposite.

• 36:31Sam Parr?

  Dude, my nature is to do, so I'm pretty slow when it comes to money making stuff. I'm like, no, I'm gonna like actually assess if I want to do this. If it involves like a business that I have to operate or think about, I go, you know, do I want to do this for a long period of time? Let me actually reflect on this. But then when it comes to selling and protecting, I don't, I don't. So like if I buy a piece of property or something like that, and let's say it's not working. I'm like, I don't care. I'm holding on to this. If I, if I own like some type of public equity, I go, I just pretend that it like, I just can't sell. I've never sold a, a, a stock in my life and I'm not sure if that's actually wise.

• 37:05Shaan Puri?

  You've never sold a stock?

• 37:07Sam Parr?

  Never. I don't think so. I don't think ever. Not one ever. Man, maybe when I was fucking around, I was like trying to create content for the podcast. When the AMC thing happened and I think I bought $500 worth of stuff and then I sold it when I earned like a 10% return in one day. And I was just like fucking around to like figure out how Robin Hood, but that was more experimental. But no, besides that, I don't think I've ever really sold a stock in my life. I think that maybe my wealth manager or like my banker like does like tax harvest. Where like he's like, yeah, but like me personally, I have never sold, I've never sold a single stock.

• 37:44Shaan Puri?

  That's amazing. Wow. Okay. So great. You're wired very well for, for success when it comes to.

• 37:48Sam Parr?

  You sold, wait, but so when you, you like buy and sell like equities?

• 37:52Shaan Puri?

  Yeah, for sure.

• 37:53Sam Parr?

  No, I don't ever do that. I've never done that in my life. I don't think that's the right thing to do. Do you actually think that you're going to outperform someone who actually does this for a living? And has like $20 billion or $50 billion in assets?

• 38:04Shaan Puri?

  Well, either way, you're thinking that, right? Like even if you don't sell, you're putting your money in, assuming you're, I don't think, I'm not trying to outperform somebody else. I'm simply trying to make more money. I'm trying to increase my rate of return. I'm trying to make more money or reduce my losses. And so one strategy is buy and hold forever, buy good assets, buy and hold them forever. And then another asset, another one is Sean wakes up, feels a certain type of way and starts making decisions that he shouldn't be making, right? Like.

• 38:30Sam Parr?

  What if I told you that you're allowed to go start a private business and you're allowed to go do things like that? But any profit that you make, it has to go into this pile of money that you can never touch again, unless you want to withdraw the gains, but you cannot invest in anything other than this one thing. But it will get a 7.5% return every single year for the next hundred years. Would you accept that 7.5% return?

• 38:56Shaan Puri?

  Shoot me in the head. Why don't you? I mean, come on. What if I said you can only have white bread and turkey slices for the rest of your life?

• 39:03Sam Parr?

  Wow. So you wouldn't take that 7.5% return every single year?

• 39:06Shaan Puri?

  No.

• 39:07Sam Parr?

  Dude, that is the craziest thing on earth. Really? I would take that all day.

• 39:12Shaan Puri?

  What's the fun in that? I'm not saying I'm a day trader, but I guess what I guess what I'm saying is like,

• 39:16Sam Parr?

  Wait, so you?

• 39:17Shaan Puri?

  I would not want to literally not be able to touch my money forever, nor would I would not want to

• 39:23Sam Parr?

  No, I mean,

• 39:23Shaan Puri?

  not be able to make any decisions. It's like, ah, that's okay.

• 39:26Sam Parr?

  That scenario.

• 39:26Shaan Puri?

  If I, if I, if I, if I overperform or underperform, it's not even for that. It's just like, what's the fun in living like that? That doesn't sound fun to me.

• 39:34Sam Parr?

  What? But in this scenario, you can go and start, you can go and generate wealth, but any like wealth that you make that you don't spend on things that you actually consume and use for fun.

• 39:43Shaan Puri?

  So I can't invest in startups? I love investing in startups.

• 39:46Sam Parr?

  You can't invest in startups and you can't buy, it just, all your money just goes, you're basically, you, you, you could spend your money how you want in terms of like buying homes or whatever, anything that you want to have a good, a cool life, but all of your investment goes into a thing where you don't ever touch it and it just makes seven and a half percent a year. That is, dude, do you realize seven and a half percent is, that's basically if over a hundred years, that's what the markets do. It doesn't happen every year. You know, some years it's 30, some times it's negative 20, but I would totally take that any day of the week. No decisions have to be made. You don't have to worry. Seven and a half percent doubles every 10 years. You don't want that?

• 40:21Shaan Puri?

  I put a portion of my money in that, right? So I have a portion of my money in index funds that I don't touch, I don't think about, but all?

• 40:27Sam Parr?

  What if it was?

• 40:28Shaan Puri?

  Why does it have to be all? Let me have some fun. Why am I, why am I trying to get rich?

• 40:30Sam Parr?

  95%? What about 95%?

• 40:34Shaan Puri?

  95%? Jesus.

• 40:36Sam Parr?

  Dude, this is crazy. All right. So let's analyze.

• 40:39Shaan Puri?

  That's my best offer and I'm not giving you a dollar more than 17%.

• 40:43Sam Parr?

  You have to admit, so for all of our listeners here, I actually think that most people might think like you at this moment, right now, but can you, and if you're listening, you have to ask yourself this, but Sean, can you acknowledge that the seven and a half?

• 40:57Shaan Puri?

  Is this the intervention?

• 40:58Sam Parr?

  What's happening? Listen, can you acknowledge that the seven and a half percent is financially the safe and correct move? Like that will, in turn, I don't know how like, you know, nerd bankers do the math, but like statistically speaking, like that is the best, that is the best probability to get like a high, a good rate of return.

• 41:17Shaan Puri?

  No, I disagree.

• 41:20Sam Parr?

  That is crazy.

• 41:21Shaan Puri?

  Here's why, here's why, here's why. I can take that money and just invest it in my own businesses. I can put the capital up for my own business and grow them at a much faster rate. I've done that multiple times. I did that.

• 41:30Sam Parr?

  Oh, in this scenario, you could still do that. I'm just saying like any profits.

• 41:33Shaan Puri?

  Oh, I can't take, I can take money, put it in my own businesses, you're saying?

• 41:36Sam Parr?

  Yeah, I'm saying you could start businesses, but like any, you'll, you basically have two, you have one account or you have two accounts, a checking account that's just like for your living and then just like an investment account. And then you could go and like, hey, look, I'm going to go and start, put a little bit of money into my own privately health company. I'm saying you can do privately health companies, but you can't invest in anything outside of those things.

• 41:55Shaan Puri?

  Yeah. So I think that for most people, that is the correct answer. I think that for me, that is not the correct answer for two reasons.

• 42:01Sam Parr?

  And most people think they are not most people, which is crazy here.

• 42:04Shaan Puri?

  That's true. That's true. For an above average person like me, and everybody was listening, it's like, I'm above average too. The average person thinks they're above average.

• 42:14Sam Parr?

  This is absolutely crazy to me because if you just look at like all the evidence here, like even Warren Buffett is the best ever.

• 42:23Shaan Puri?

  And I put it into either investments that I have access to, like I think my startup portfolio is going to beat seven and a half percent average. I fundamentally believe that. So I'm going to put some amount of capital in that. Like if you're betting that your startup portfolio or my startup, my angel portfolio is going to be worse than seven and a half percent. That's how, you could say that and it might end up being true. I'm not saying it's not true. I personally don't believe that's going to be true. It has other problems. It's illiquid and there's other things like that. But I think the rate of returns will be closer to 20 or 30%. And so I'm going to put some of my money towards that. I've put some into my own businesses. I might buy a business or buy a minority stake in other people's businesses that are growing 20, 30, 40% a year.

• 43:06Shaan Puri?

  And again, different liquid, different liquidity, different risk profiles, but like, I do think that that is how I would prefer to play the game. And I'm okay with the fact that this might mean that I don't beat the seven and a half percent. You know, I'd rather be the hare than the tortoise. And I'm okay. If the tortoise wins, the tortoise wins, but the hare had a lot more fun. And I just sort of believe that, you know, I'm going to do well financially through my own businesses and my investments that like, I'd rather do it the way that's a little more engaging to the brain than just saying.

• 43:37Sam Parr?

  Any money in index funds?

• 43:38Shaan Puri?

  Vogelhead or whatever you call yourselves.

• 43:40Sam Parr?

  That, yeah. Do you have any money in index funds?

• 43:43Shaan Puri?

  Yeah, yeah, I do. I have hundreds of thousands of dollars in index funds.

• 43:47Sam Parr?

  I, I, I think you're crazy. Dude, the way that I look at it is my privately held companies, those generate wealth, those generate, you know, cash flow and income. And then I only want to focus on maximizing returns in that area. And then the whole rest, I just put in this thing that I don't even log into.

• 44:04Shaan Puri?

  I think that's a good strategy. I'm not saying that's a bad strategy. I think that is a good strategy. It is just not the one I choose for myself.

• 44:11Sam Parr?

  I act, I think for most, you, you are not most people, not actually in the sense that your investments are good. I do agree that they will be great, but you are different from the sense, in the sense of you don't get stressed out about things. But for most, every other person out there, I think they should 100% follow my, the way that I do things.

• 44:29Shaan Puri?

  Most people don't have a floating light bulb on their desk, do they? But I do. What are the four most, four most dangerous words in the English language? 401K.

• 44:43Sam Parr?

  The stupidest shit you've ever said.

• 44:47Shaan Puri?

  We're going full first take and I'm going full Skip Bayless on you.

• 44:50Sam Parr?

  All right. What do you, what do you got?

• 44:51Shaan Puri?

  All right. So that's the money quote. Let me tell you about, okay, let me ask you a question about arbitrage. This is actually the least, I have some more well researched stuff in this, but I want to hear what you have to say about this. Okay.

• 45:01Sam Parr?

  When I hear the word arbitrage, I automatically don't love it.

• 45:05Shaan Puri?

  Okay. You might not like this question then. The question is, what are some of the great arbitrages you or your friends have capitalized on? And I asked this because I've bumped into people, I've met people who I think are really good at this. Your best buddy, Jack Smith, I think is very good at this. He's very good at identifying arbitrages. And I think these are kind of a horrible strategy to pursue for a couple of reasons. Well, let's define what an arbitrage is. An arbitrage is where you recognize some inefficiency, where you almost don't have to create any value. You don't have to create a product. You just sort of recognize that the system is slightly broken, you know, like you could buy something over here for X.

• 45:46Shaan Puri?

  You could sell it over there for Y with very minimal work in between and just pocket the difference. And you're like, oh, wow, that's amazing that they just didn't recognize this and it won't last forever. But when it does last, you can make hay. What are some arbitrages that you know of that people have done? I want to talk about those.

• 46:03Sam Parr?

  I'll tell you one that I did, and I'm not proud of it, but I think I'll share it anyway. So one time in 2013, I got poison ivy and I went to Amazon and I just sent it to you in this chat. I went to Amazon and I bought this thing called Zandful, Zandfell. It's a poison ivy cream and it costs around, let's see what it costs. It costs $19 per ounce. And I read the reviews and someone said, this is the same thing as Mean Green, which is a huge, it's Mean Green is like a tub of hand soap that you can clean your hand and it costs roughly 20 cents an ounce. And so I ended up creating a website and I called this product itch juice.

• 46:46Sam Parr?

  And it, and I bought a vat, like a 50 gallon tub of this stuff. And it was like a quarter an ounce and I repackage it and put an itch juice label on it. And I sold it as poison ivy treatment and I made thousands of dollars when I was in college. And, you know, and then I shut it down because I thought this is stupid. I'm not going to become a, I'm not going to start a company called it shoes. And so that, that's one example.

• 47:10Shaan Puri?

  You already did, actually.

• 47:11Sam Parr?

  Yeah, I ended up shutting it down. I thought it was so stupid. But that's one example of an arbitrage that I've personally done. What's a, what's an arbitrage that I've seen other people do? I don't know.

• 47:21Shaan Puri?

  I think Jack told me about one of, well, Jack told me about a few that he's done, but I think one that he's done that I vaguely remember. I might get some details wrong here, but for a while, Jack was very, very active on Rally Road.

• 47:34Sam Parr?

  Rally Road.

• 47:35Shaan Puri?

  So Rally Road or Otis, these basically these marketplaces.

• 47:38Sam Parr?

  I think he was the number one user.

• 47:40Shaan Puri?

  Yeah, you could buy like fractional shares of unique items. So, you know, like a original box set of Harry Potter or like this rare Pokemon card. So you could buy these collectibles. It was a, it was a place to buy collectibles and you could buy full or fractional shares. And Jack was extremely active on these and I thought, oh, Jack didn't know you were such a big collector. And he's like, I'm not, I'm not just, you know, thought it was interesting and I noticed this opportunity. I think what Jack had set up was-

• 48:08Sam Parr?

  And by the way, with Rally Road, you can buy things that are like nerdy things that mostly boys like. So it's like you could own a portion of a 1965 Ford Mustang. You could own a portion of a 1977 Elvis Presley Last Live Performance ticket, or this rare Andy Warhol painting. Things that are like pop culture, sometimes manly man stuff, of which Jack is not like a traditional manly man. And I'm like, Jack? He goes, yeah, I told him about like some Jaguar car. He goes, oh, the Jaguar F1? Like, yeah, I own a part of it. And I was like, you like that? He goes, no, I don't know. I didn't even know what it was. I just saw it on a spreadsheet.

• 48:45Shaan Puri?

  Yeah, exactly.

• 48:46Sam Parr?

  That's how he is.

• 48:46Shaan Puri?

  So I think what he was doing was he recognized that these platforms would have what they would call like an IPO or something like the initial public offering where they would sell the thing. And it would happen and it's like this moment and then you could bid and you could buy and then they would like, then they would start trading. And he noticed that like, there was just more demand than supply for those things. And so he created like, I don't know, a bot, or like a set of human beings that would like go buy as much as he could in the IPO, then he would just like immediately flip it right afterwards. And he extended that, I think he had like, at one point, he had a team of people in the Philippines that were just constantly searching for, I hope I could share all this. This wasn't like a secret, right? Like he was-

• 49:26Sam Parr?

  I don't think he's still doing it.

• 49:27Shaan Puri?

  Yeah. So he had a team in the Philippines that was just researching, and they were like highly competent people. They were researching eBay and they would find what every like card is trading for on eBay. And then they would just scour and place bids to buy below that price and then flip it on eBay. And like, he just had this like, small, eight-person operation that was just buying and selling these cards. As long as it was under the eBay price by a certain margin of safety, I think he was doing that. Something like that.

• 49:55Sam Parr?

  And by the way, this guy, Jack Smith, you can look him up on YouTube. He's our good friend. He started a company that he sold for $800 million when he was like 29 or 30. So he probably had millions of dollars on these platforms.

• 50:06Shaan Puri?

  Yeah, yeah. I think he spent millions of dollars on these platforms. And so he was kind of doing this at scale. And I think he was making a pretty crazy return doing this. I think he was making, I don't know. I wouldn't be surprised. He's making 40, 50, 60% returns on these, on these, on these items. And he was like scaling it pretty well. And I was like, Jack, what are you doing? Like, you know, A, you genius, how did you even see this? Like, how did you even see this opportunity? Why, why did your brain even look at this? Secondly, just the balls to actually go for it and like, set up this operation and like, yeah, put a significant amount of money in. Like, God, that's so different. I've never done something like that on a non-business. This is like, not a business. This is literally just like a arbitrage. And then third, like, is this what you do with your time?

• 50:50Shaan Puri?

  Do you find these like little cracks in the system and just exploit them? These edges? And I think that's what he does. I think he is like an edge seeker. And he just finds edges and then he exploits them sometimes for profit and, but mostly for amusement. It seems like, like.

• 51:05Sam Parr?

  When, when we, when I ran the hustle, I wanted to have a weekly thread or a weekly column called Jack's Hacks. And he would just talk about all like the interesting stuff that he would find. I mean, if you would go to Jack's house, he would, he had moved into this part of Bernal, Bernal Park, because he had a rental that, a, a home that he rented that had a garage. And I was like, Jack, you don't even know how to drive. He didn't get his driver's license until he was like 30. I was like, Jack, you don't have a drive. Why do you need this? And he goes, oh, that's where I'm going to keep all my Amazon stuff. I was like, what? And he goes, check this out. And he showed me this spreadsheet where he would buy 10 to 20 versions of anything that he wanted to buy. As small as a razor to a carry on luggage, to a, like any type of suitcase, to like chocolate, to keto products. He would buy 10 to 20 of every single one and he would test all of them.

• 51:50Sam Parr?

  Pick the one that he liked and then return all other 19. So much so that he had to create multiple different Amazon Prime accounts because they kept banning him. This is how like wild he is. He just loves doing these unique crazy things and just like finding the edge, finding the best thing. And so if you say, Jack, what's the best carry on luggage? He'll say, oh, it's this camera bag. Well, why is it a camera bag? Well, because camera bags typically have more volume. So this one holds 50 liters as opposed to 48 liters, because it doesn't have like, like, like he does things like that. He's just unique.

• 52:19Shaan Puri?

  He's yeah, he's nuts. And so there's that. And then there's other ones that like, you know, just to give another example, I saw this, I think I saw this on Instagram or Tik Tok or something like that. This is another example of an arbitrage. This is why I wrote the word down. I'll go arbitrage has just cracked me up. So somebody has an Etsy store and I think they're the number one result. If you search Mona Lisa or like Mona Lisa photo print or something like that. And the basically what it is, is it's a account that will send you a like printed out framed picture of the Mona Lisa. It's like $50, $52, I think. And this Etsy shows you how much sales a single store has done. And this store has done 65,000 sales. And so you just do the math, you realize this person has made a

• 53:02Shaan Puri?

  million dollars selling this Mona Lisa print. And then you look at it, you're like, oh, I think they're just drop shipping. So I think what they did was they just had the top listing for Mona Lisa Etsy, either because they were early or they bought it. I'm not sure exactly how they got there, right? I don't have visibility to that. But then as soon as you place the order, they just have like a like a Zapier integration, which just goes to like, it goes to like, you know, what's it called? Like the printing website, like one of the printing sites, Printful, right? It goes to Printful and it just automatically places an order to your fills in your address for that print and it has a spread like it only costs them whatever 20 bucks to do the thing and they sell it for 52 and they just pocket the difference.

• 53:47Sam Parr?

  I'm looking at them now.

• 53:48Shaan Puri?

  And you know, this is another arbitrage where they're not like creating a ton of value. They're just sort of like connecting these pipes. We had a guy.

• 53:56Sam Parr?

  68,000 sales, vintage wall graphics.

• 54:00Shaan Puri?

  Yeah. And so I'm pretty sure that they're just literally like automatically like going and doing a drop ship model where they print, they print the order through one of these these platforms and they could always do the printing themselves if they want more margin. But like, if you're just a lazy arbitrator, this is a great arbitrage to pick up. And then there's all these little places where these arbitrages exist. And, you know, I start to think about those and I wonder, who are these people that spend a lot of time looking at this? And is that worth it? Now, I'll tell you why I don't think it's worth it. It's tempting to do for me for one reason, which is.

• 54:34Shaan Puri?

  There is a sick pleasure at making a bunch of money with a very extremely low amount of effort of just it was your cleverness that drove this. It's also fun to tell these stories. If this is something you've done. So it's nice to have one or two of these in the bag of an arbitrage you've done, just to have the story. I feel like it's like a badge of honor for for a certain type of entrepreneur. And the last thing, you know, so is the positives. The negatives are these arbitrages don't last for long. As soon as they, you know, get exploited, you know, then the second arbitrator comes by, starts doing it and the edge goes away. The window of opportunity closes. So you're kind of hunting for a long time. Then you find something and it's probably not going to last for a very long time.

• 55:13Sam Parr?

  Dude, I have a friend who who's raised tens of millions of dollars for a startup that was at one point valued for hundreds of millions of dollars. And whenever I hang out with him, the most exciting thing that he tells me about is he started a side hustle for fun because he builds stuff and he created an epoxy business. Do you know what epoxy is? I think that you use it for like floors or for like, if you're making a table, you like, it's like a sealer. He has an epoxy business on Amazon that makes him $250,000 per year in profit on very little work. And we don't talk about startups. We talk about his epoxy business. And that's like the most exciting thing that they do. And I think that for,

• 55:53Sam Parr?

  I could name a dozen or so people who are worth nine figures, 100 million plus and or people who have made tens of millions of dollars. It seems that a lot of people who are worth that, they definitely start doing things like this. So whenever I meet someone who's doing something like black hat or gray hat, or even totally white hat, but it's like, oh, that's kind of lame. I always think like, well, but that's oftentimes how the great start. So like, most everyone who has made money in the internet, like, even if you look at like Airbnb, like, if you look at some of the early tactics that they use, even though they're a great, wonderful, ethical, publicly traded company now, like, they still did weird shady shit in the beginning. And I think it's just a rite of passage where you're creating cool shit is to do like, you know, gray hat stuff.

• 56:35Shaan Puri?

  Yeah, I don't think all like, I don't, I doubt Elon has, has, you know, done some random ass, like, you know, arbitrage on some dating site or something like that.

• 56:43Sam Parr?

  No, but he's done dumb shit. He still does dumb shit. Like, he sells like stupid stuff.

• 56:47Shaan Puri?

  Well, there's that, but like, I guess what I'm saying is, I guess I would put it differently. Anyone who has done that, I'm like, you have what it takes.

• 56:54Sam Parr?

  Exactly.

• 56:54Shaan Puri?

  It's not that everybody who's who makes it big has done that, but

• 56:57Sam Parr?

  Sorry, I meant to say a large, a large amount of people.

• 56:59Shaan Puri?

  Yeah.

• 57:00Sam Parr?

  Yeah.

• 57:00Shaan Puri?

  And and has a very high likelihood of making it big. It's just a matter of time until they start to apply their talents into that, you know, into that realm.

• 57:08Sam Parr?

  And like, we have this friend who who we met at your thing, Syed, Syed, who owns WP Beginner and all the in Awesomeness Corp, I think it's called. He probably, I don't know how big it is, but it's probably like worth hundreds of millions of dollars. I want I want to get him to come onto the pod. So he's this guy who owns this like WordPress. It's called WP Beginner. It's like a blog that blogs about different WordPress plugins and stuff. And then he eventually went and bought the plugins and he like now is like a plugin WordPress plugin like mafia, like they own everything you could think of. And it's huge. It's a huge thing that he owns. And he was telling me some stories about how he started. And I'm like, oh, this is just the same story I've heard over and over and over again, like something like not like scammy, but like, you know, something like you're just like doing normal internet marketing stuff.

• 57:51Sam Parr?

  Like you probably were an affiliate for some product that you thought was stupid, but it just made enough money that you learned, oh, I should actually do this, but for things that can last a long, a longer time.

• 57:58Shaan Puri?

  Right.

• 57:59Sam Parr?

  Do you know what I mean?

• 58:00Shaan Puri?

  Yeah, I think one of his also was like, he went and changed his grades. He like hacked into the school system and changed his grades or something like that.

• 58:06Sam Parr?

  Yeah.

• 58:07Shaan Puri?

  I don't know if that was a real story or a fake story, but I loved it.

• 58:10Sam Parr?

  Yeah, like if I hear stories like that, I just like, oh, like you definitely have what it takes.

• 58:13Shaan Puri?

  Right.

• 58:15Shaan Puri?

  All right, let's do, let's do another one. You got anything else or you want me to do one?

• 58:18Sam Parr?

  Do you know any of the details about Pipe?

• 58:20Shaan Puri?

  I don't know the detail. I know, I know what you know. I know what you know from our group chat. So I don't know any more than that, but kind of a strange situation. The, I guess for those who don't know, Pipe was this like cool cup, cool idea. Basically, if you had like subscription revenue, like, oh, monthly, monthly recurring revenue, they're like, look, we'll pay you out. If you're going to make a hundred dollars at the end of this year, if like on that, on that subscription, we'll give you 90 of it upfront. We'll keep the extra 10 as margin and we'll like, you know, so you could get financing, you could get basically a pay advance on your subscription revenue. And then they were on the other side, they had like banks and, you know, funds that wanted to buy. Assets. They're like, oh, this recurring revenue is a asset class like real estate, like anything else.

• 59:02Shaan Puri?

  You should be able to buy bundles of recurring revenue for a discount for what it's worth. Cause they want money upfront to use to grow and you want this cash flow. And so that was the idea. Great idea. Raises a bunch of money, gets valued at $2 billion. It's considered like the, like one of the hot, like winners. Pipe was like, you know, a huge thing. And then suddenly

• 59:23Sam Parr?

  But it gets valued at $2 billion after nine or 12 months of existence.

• 59:27Shaan Puri?

  Yeah.

• 59:28Sam Parr?

  Gets huge.

• 59:29Shaan Puri?

  And like I used it, for example, like with my fund, I was like, oh, you get these management fees. It's like, oh, but you could pipe them and have them all right now instead of waiting. It's like, oh yeah, I'll push this button instead of wait. That, that makes sense to me. And so, cool idea. Now, this week, for some reason, all of the founders stepped down. Which is, you know, generally speaking, bit of a red flag. All the founders stepped down and they're like, hey, we're going to hire new people, but they don't have them in place. That was the part which, which was a little bit strange. So first it's strange that all three founders stepped down at the same time. Then it's strange that they didn't have replacements in, in, in lieu, ready for it. And so people think, you know, pipe, pipe might be imploding. I don't know the story. Did I miss anything there?

• 1:00:11Sam Parr?

  Well, the rumor was, see, someone tweeted it and it actually got deleted. I don't know why, but the rumor was basically, and this is 100% rumor. And the founder actually came out and said, no, that's, that's nonsense. This is completely untrue. But basically, uh, someone tweeted, four people now have shared what happened. Pipe CEO loaned $80 million to a Bitcoin mining company, didn't tell the board, lost it all. Board fires CEOs, CEO months ago. They had already sold a bunch of secondary shares and may have taken personal loans out as well. Which if all those things are true, that's horrible. Founder has said, no, none of that's true, other than the secondaries, which we've made public that we did in fact sell secondaries. But just a juicy, interesting story that we'll have to wait and see how it turns out. I would have thought that you would have known something.

• 1:00:56Shaan Puri?

  Yeah, it hasn't played out yet. I don't know, you know, it sounds like bad news and, you know, it's, it's not relevant to me. So I, you know, I stayed away from it for, for now, but well, we'll see, we'll see. I'm sure this will come out. I don't think you can keep, I don't think you can keep the cat in the bag and this type of thing. Oh, by the way, what happened with your thread about Andrew Chad with Jason Calacanis? I saw something popping off and I didn't know, were you, were you in harm's way? Do I need to get in there?

• 1:01:20Sam Parr?

  No, I appreciate that. But see, so here's what happened. So two years ago, Andrew Chen, who's a partner at A16Z, him and I were at a mutual friend's house when a storm came. And I thought it would be, and I asked him like advice. I was like, how do you angel invest? And I purposely had like a sarcastic funny opener of like, I spent 72 hours trapped in the closet or trapped in an apartment. And it was like supposed to be funny, but it's kind of hard to be like, to tell sarcasm on Twitter, I guess. And at the time, I tweeted out his five like rules. And like, a lot of people hated them. And one of them was to run towards the heat. So hyped companies, that's like a good way to angel invest because hype is real, whatever. And I said, these are what he said. And then today, or Sunday, someone tweeted out and they said,

• 1:02:02Sam Parr?

  two years after this tweet, and this is why we are left with FTX, Bird Scooters, what are the other ones? Fast?

• 1:02:08Shaan Puri?

  Fast, yeah.

• 1:02:09Sam Parr?

  Pipe and a bunch of other like high profile things that haven't done so great. Of which I, Andrew didn't invest in one, by the way, not one of those. But anyway, and they took a screenshot and they shared my tweets. And they were kind of making fun of me. And then Jason Calacanis also shared the same thing. And I thought he was making fun of me. So I started chirping back at him. And then he DM'd me, he goes, I wasn't trying to make fun of you. I was just trying to make fun of Andrew, basically is, that's not exactly how he said it, but that was the implied thing. And I was like, well, I didn't, I didn't sense that from you. And he goes, well, I'm sorry you felt that way. I all love. And I go, all right, that's fair. We're, we're cool. And so I, I didn't, no, I didn't pounce, but uh, we, we're cool. I, I've got, I've got nothing but love for him. You make fun of those guys all the time,

• 1:02:53Sam Parr?

  or Chamath at least. I've never once, if you go back and listen, I've never once made fun of any of them. I like Jason. He's been nothing but nice to me throughout my career. But I, I was holding back and I'm happy I did. So we're all good.

• 1:03:05Shaan Puri?

  Yeah.

• 1:03:07Sam Parr?

  But I got lit up, man.

• 1:03:08Shaan Puri?

  Ready to throw down on those types of things, though.

• 1:03:10Sam Parr?

  I am. I am ready to throw down. I like, one guy, I was like, you know, dude, I know, I see you in Austin. I'm going to see you again, just so you know. And like, I'm more.

• 1:03:21Shaan Puri?

  I'll see you. I'll see you around Austin. He goes, is that a threat? You go, no, I live in Austin too. And I was like, I think that was a threat.

• 1:03:30Sam Parr?

  Dude, I, by the way, I will, I'm, I've, I've done, I've been to jail. I do, I've been a bad person in my past and I will never break the law again. My goal in life is to never break the law. I will never, I'm totally a pacifist. I will, I do not want to hurt anyone. So I will, my intention is never to do anything wrong. I'm just saying like, if I see someone, I'm gonna like, be like, hey, you were being rude to me online. Be rude to me now. I'm not gonna hit anyone. I'm not gonna hurt anyone, but I would, I have no problem confronting someone.

• 1:04:00Sam Parr?

  That's how it should be, right?

• 1:04:03Shaan Puri?

  Sure.

• 1:04:06Sam Parr?

  Am I wrong for reacting to these people?

• 1:04:09Shaan Puri?

  I'm pacifist. I've been to jail.

• 1:04:12Sam Parr?

  What I'm saying is, I, when I used to get in trouble, I promise, I go, I don't want to do this ever again. I don't want to do anything bad. I don't want to hurt anyone. I don't want to, I'm totally-

• 1:04:20Shaan Puri?

  But you do, you do train like you're preparing for a fight.

• 1:04:24Sam Parr?

  Yeah, I do, but I don't, I, I, I will, I like, I will never hit someone. I would, I'll let someone hit me a bunch before I react.

• 1:04:31Shaan Puri?

  But if you did, you'd win the fight.

• 1:04:34Sam Parr?

  I would hope so. I would hope so. At least against someone on Twitter, more likely than not.

• 1:04:38Shaan Puri?

  If you got a Twitter account, I could kick your ass.

• 1:04:42Sam Parr?

  Yeah. If you're one of the 300 million people on Twitter, then there's a good chance that I'll come out on top and I'd always, but I don't know. Am I wrong for reacting to these people?

• 1:04:50Shaan Puri?

  No, I thought it was, I thought it was hilarious.

• 1:04:51Sam Parr?

  And then they're like-

• 1:04:52Shaan Puri?

  Down on the see you in Austin. That should have been, that should have been, yeah, I'll see you around. Not, I know, I'm just saying we live in the same town. That's not what you were saying. Why'd you change?

• 1:05:00Sam Parr?

  I'm not gonna, I'm not gonna incriminate myself. You can't incriminate yourself, man. I've learned enough.

• 1:05:05Shaan Puri?

  No paper trail.

• 1:05:06Sam Parr?

  Yeah, you can't incriminate yourself. And then some guy was like, yeah, you, you're like a, just own it. You're a get rich quick type of guy. And I said, uh, name one example of like, could it be this example where I replied to someone and said, the best way to make money is to work 40 hours a week on a company that you start for 15 years? Is that a good example of my get rich quick like mentality? Show me an example. And he's like, I guess, I guess you can't show me an example. Or he said, I can't show you an example.

• 1:05:29Shaan Puri?

  The podcast, my first million.

• 1:05:31Sam Parr?

  Yeah. I'm like, what does that have to do with getting rich quick? And he goes, well, I just, I can't, I can't find an example. So I just said, thanks for the apology, bitch. Like that, that's, that's good enough for me. That's all I need.

• 1:05:44Sam Parr?

  I'm just a petty son of a gun. You know what I mean? I'm just petty sometimes, but whatever. It's all good. Should I not react to this stuff? Is this below me?

• 1:05:55Shaan Puri?

  No, no, it's good. It's good. I enjoy it. I'm here for it. Should you? No, of course not. But like, do I want you to? Yeah, I do.

• 1:06:04Sam Parr?

  Do you ever react to it?

• 1:06:06Shaan Puri?

  There's been a few situations where I've argued with people, but you know, yeah, you know, it doesn't really get you anywhere. And also, there's been some, there's been many like, I've sent you some of the vicious tweets that never sent. Or I just say, look, this is a screenshot and send it to Sam. You don't push send on this one. Because, you know, it's the wrong type of lighting someone up, right? You're not trying to do that right now. Don't, don't do that. But you know, Taylor Lorenz did get it. She did get it. She was called the Jake Paul of journalism. And like, you know, she never really recovered from that, I don't think. So.

• 1:06:41Sam Parr?

  At this point, I don't even want to make fun of her anymore. Like, it's like making fun of Kanye. It's like, you know, you're working through some stuff. We gotta, I don't want to.

• 1:06:49Shaan Puri?

  Maybe she, I don't know. She blocked me. I haven't paid attention. Is she working through some stuff? Is that what's happening?

• 1:06:52Sam Parr?

  It appears that way. Like, there was like videos of her crying about how she's like getting so much hatred on the internet. And I'm like, oof, that could wear you down. I don't want to, I don't want to even, I don't want to pile on. Yeah, it's like, it's like making fun of Kanye. It's like, you know, that's, you don't make, you don't call someone an idiot when they're actually an idiot. You know what I mean?

• 1:07:11Shaan Puri?

  That's true. One of the golden rules of my personal.

• 1:07:13Sam Parr?

  Yeah. You don't make fun of, you don't call a crazy person crazy. You know what I mean? You just don't do that. So anyway, it looks like she's working through some stuff. So that's why I, same, there's a few other people like that who you and I know of that I'm like, this crossed a threshold where we can't mock them anymore.

• 1:07:29Shaan Puri?

  Right, right. All right. Well, get well soon, Taylor and Kanye and anybody else out there who's genuinely going through stuff. And it's not all in good fun anymore. All right. Fair enough.

• 1:07:38Sam Parr?

  That's a pop.