“Prepare For 2025!” Patrick Bet-David Exposes The Ultra-Rich, Free Money, & Business Failures

NetSuite: Take advantage of NetSuite’s Flexible Financing Program: https://www.netsuite.com/ICED Ramp: Now get $250 when you join Ramp at https://ramp.com/ich ShipStation: Go to ShipStation.com/ich for a FREE 60-day trial Range Rover Sport: Start designing your Range Rover Sport today at https://www. LandRoverUSA.com Connect with Graham Stephan on Minnect: https://app.minnect.com/expert/GrahamStephan Thanks To @VALUETAINMENT For Joining Us - Subscribe Here! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [email protected] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Intro 00:01:19 - Trump podcast and Secret Service 00:05:37 - Trump’s schedule 00:07:54 - Things PBD likes about Kamala 00:13:39 - Sponsor - Netsuite 00:17:24 - Who are the powerful "They"? 00:25:32 - ICH and political episodes 00:32:14 - Sponsor - Ramp 00:33:26 - Why traditional media survives 00:43:17 - On Chris Cuomo partnership 00:48:23 - Is zero income tax possible? 00:54:42 - America’s next 10 years 01:02:15 - Podcast guests: left vs right 01:06:50 - Sponsors - Shipstation, Range Rover 01:09:07 - Yankees minority ownership 01:11:37 - Yankees going public 01:12:06 - Cost to buy into sports organization 01:12:42 - Net worth and investments 01:19:23 - Favorite baseball cards 01:20:57 - Starting over and trying to make $1M 01:23:12 - Hypothetical questions 01:28:25 - Last time you cried *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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

• 0:00Speaker 00

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• 0:29Speaker 01

  ... except for two or three people and then we bring you in and we tell you if you want a long-term relationship with us, this is a test for you. You're going to be one of the few people that know or you're fine with this kind of a responsibility. If it's leaks, it's one of you guys that couldn't keep your word and long-term you can't be in meetings like this. Can we trust you? Yes. Are you sure? Yes. Do you guys vouch for him? We do. Great. Here's what's happening. We're having President Trump here at XYZ. Like Adam is a lot out there partying and being around a lot of different people. Adam found out about the interview one hour before he was coming. We recorded it and we said, hey, do you know what's going on right now? No, what's going on? Everybody's telling me something's going on. Well, you know, the president's going to be at 5990 in the next hour and we're going over there right now. Get the f out of here.

• 1:14Speaker 01

  You're kidding me? No. So we kept it. My kids didn't know. My dad didn't know. Nobody knew.

• 1:19Jack Selby?

  And when you were recording, how many feet away would you say was the nearest officer?

• 1:24Speaker 01

  So imagine I'm sitting here where I typically sit, PBD Podcast local, you're President Trump. There's nine people in front of me while we're doing the interview. Multiple Secret Service, some of the folks that are trying to keep them, uh, there was a moment in the middle of the podcast that nobody saw. That was probably the biggest highlight of the podcast that we cut out because I'm getting text messages, hey, you gotta, you gotta finish it. You gotta finish it. They gotta go. They gotta go. And I just, I'm like, listen, I'm not doing this. I got 50 text messages from my guy saying we have to finish up. I'm prepared for 90 minutes. What are we doing here? If this is how it's going to go, we got to cut it right now. And you guys got to tell me right now, right there, President Trump told everybody, hey, we're going to go till this time.

• 2:04Speaker 01

  We ended up going till, uh, 4:45 to get the additional, uh, 20 minutes needed, 25 minutes needed. And then, uh, it was very interesting seeing how his team responded to, well, let's move this. I'll call them afterwards, have them come to dinner, have to do this. And, um, Very impressive on how him and his team work.

• 2:22Jack Selby?

  How busy do you think his schedule is right now?

• 2:24Speaker 01

  Are you kidding me?

• 2:24Jack Selby?

  Is it down to the 30 minute mark for everything throughout the day?

• 2:28Speaker 01

  He does the Rogan podcast, three hours, not the way Kamala and them are negotiating to say, you come to us and we'll give you only an hour. And on his terms, Joe's like, no, I'll do the interview, come to me, I can't get to know you in an hour. Come to Austin, I'll sit down. Trump, who's busier than Kamala, going on more road shows than Kamala, runs a lot of businesses, has all these other responsibilities, goes to Austin, does a three hour podcast, he's two, three hours late to the Michigan rally, gets on a plane, goes to Michigan, does the rally at midnight, gives the hour talk, then gets back, gets his rest, then he goes to the next city, then it's Madison Square Garden. This guy is, our team today, we're here, two of my guys asked for the morning, they're trying to go to a meeting at Mar-a-Lago, they go to Mar-a-Lago,

• 3:12Speaker 01

  Trump is there speaking to 150 people at Mar-a-Lago this morning for an hour, hour and a half. The guy is running and gun, he's the kind of a competitor that I love because the most intimidating competitors you'll ever face in a marketplace is when you think, why does it seem like this person's at five different places at the same time? How does he do it? How does she do it? Eventually, you're gonna experience one of two things. You either want to accept the fact that he's a bigger alpha than you and give it up, that's not your competition, or you don't want to accept the fact, so you start spreading rumors, negativity, you're upset at him, you say you bash him, all this other stuff, like for example, how Mark Cuban is with Musk, Mark Cuban is constantly going after Musk,

• 3:57Speaker 01

  why is he going after Musk? What are you upset with Musk? You used to not go after him, why are you going after him now? Because Musk keeps going, Musk is operating, Musk is running startups. Mark is not running a startup, Mark's an investor. Mark's running a basketball organization, it's an established organization that he didn't found. It was a team that he bought and he helped them become a champion, you gotta give him credit. But Musk is not stopping, neither is Trump. Those are some of the most annoying. Intimidating opponents you'll ever have in your life and Trump's doing it Graham at thirty at seventy eight years old. Think about that.

• 4:34Jack Selby?

  Now, this question might be a little bit difficult for you to keep your diplomacy.

• 4:37Speaker 01

  Sure.

• 4:37Jack Selby?

  When you're answering it, but I would just love to ask it. What are a couple of things that you dislike about Trump and a couple of things that you like about Kamala?

• 4:45Speaker 01

  So, uh, uh, if I was Kamala's, uh, uh, campaign manager, I think Kamala's attractive. She's physically very attractive. Even Trump doesn't know how to take shots at her looks. She tell me who has been a more attractive person in politics than her female side, maybe AOC? Uh, maybe there's a few others out there. I think AOC is very attractive. You can't say she's not attractive. AOC is physically attractive.

• 5:11Jack Selby?

  Yeah.

• 5:11Speaker 01

  She's pretty. Uh, these aren't, we're not talking models, but I'm talking the standards of politics. She's attractive. She has, she's, she's good looking. You know, when she was younger, when you see her dating Montel Williams, when he was 20 years older than her and they said, is this your father? Are you his daughter? And she says, excuse me, are you his daughter? Uh, no, I'm not. And it was one day, I don't know if you've seen that clip or not. It's a little awkward when you see something like that. So I think from that part, she's attractive. Um, and the second thing I would tell you about her is you don't have to respect it or not. She thinks very highly of herself. So that's Kamala. You gotta respect this. She thinks very highly of herself. For it to feel like she's above people and she's super attractive. Uh, Trump, well,

• 5:56Speaker 01

  have you seen a new movie that came out about Trump? The Apprentice? Have you guys seen that movie?

• 6:00Jack Selby?

  No, I haven't.

• 6:00Speaker 01

  I'm sure you guys would have seen it. I saw it twice in the first week.

• 6:02Jack Selby?

  Okay.

• 6:03Speaker 01

  And it's a hit piece on him. So it's not like it's a good movie. It's supposed to be a bad movie. My wife watched it. Both of my sons watched it 12 11. There are certain pieces in, uh, clips in it. It's inappropriate for your kids. And when we watch it, I didn't know those scenes were in it. It's pretty bad. With Roy Cohen, certain scenes, you get prepared for, why I have to tell my kids to close their eyes. And then I had a group of my guys that we watch it together. In a movie, it shows a clip that Roy Cohn, who was a former lawyer for the mobs, a lot of different people, Nixon, this guy was friends with Nixon and, you know, McCarthy, young guy, killer. One of these, you know, uh, uh, lawyers that historically were tough lawyers, like an F. Lee Bailey. I don't know if you guys have heard of the name F. Lee Bailey. This guy was a badass lawyer. Smoking cigarettes,

• 6:49Speaker 01

  interviewed by Mike Wallace back in the days in a black and white interview. The way he sits down like, listen, I'm a freaking powerful lawyer. There are certain lawyers that have certain gravitas about them and a certain level of confidence. That's very attractive, appealing for TV, right? Roy Cohn was one of these guys. And he said, uh, one, attack, attack, attack, always attack. So Trump's always attacking. And this is when he's asking in the scene, whether it's true or not, it's a great scene. Hey, you want to be the king of New York? Here's what you gotta do. I'm gonna tell you the rules. Number one, attack, attack, attack. Number two, never accept loss. Okay? Two, always claim victory. Right? So, you know, you're gonna sit there and you're like, well, sometimes he doesn't

• 7:34Speaker 01

  come across as relatable to the average person because I need to be able to see a certain level of vulnerability for me to say, that's my guy. Hmm. And it makes you want to run through the wall for him. Now, he has had some moments of that this last 12 months when he got assassinated, the assassination attempt happened. And he gave that speech at RNC. And you saw him having a moment. You could tell he didn't speak like his regular self. When there is that one scene when they're showing a, uh, uh, he's on stage and they're playing a song and he got emotional. I don't know if you guys watched the interview though. When I showed that clip to him and I'm watching him and I see him goes like this, the first time in the entire interview goes like this and he's watching it.

• 8:18Speaker 01

  And he's trying to change it. And, you know, I'm in the body language business. I'm in the sizing my opponent business and sizing, not an opponent, but anybody, kids, family, people you're dealing with. You know? I watch him and I'm asking myself, what is he telling himself right now? What is he telling himself right now? Because he was glued to the screen of him getting emotional with that song. That's a very, very emotional song, right? I watch him like, and he comes back, he says, "Yeah, you know, you know, America doesn't need me right now to get emotional, any of that stuff." I said, "But what about when Pat Nixon died and Richard Nixon crying that he lost his wife?" He says, "No, I remember that scene. I remember it." He says, "Maybe one day." I don't know if he caught when he says, "Maybe one day, but not right now," right?

• 9:03Speaker 01

  And what does he mean by maybe one day? I don't know. You know, I'm sure he's had some moments that's very tough for him, but the fact that he's a hundred percent, "I am not going to show any emotional hurt ever." For anybody to say, "Well, that's why he's not this, this, this and that." And then the argument for that could be, "Go explain why Madison Square Garden has as many people that had there and they called it the greatest political event ever ran, where Musk is there, he's there, Dana's there, all these guys are there. What happened with that event?" So whatever we may disagree and not like, doesn't mean it's not working. It's working. You just don't have to like it.

• 9:44Jack Selby?

  I, I agree with the relatable aspect. I don't think he's incredibly relatable, but I would chalk it up to the weave, to be honest, when he starts talking about all these different things. It's like when you're shooting the stuff with your friend, you kind of just point and shoot, answer a question and stuff like that. But he tends to go way off topic and it makes me think a little bit more of like, someone who's trying to be really diplomatic and like adding a lot of fluff to stuff, rather than just kind of going straight for the answer. And I like J D Vance for that reason. He's more vulnerable. He's very, very relatable. And he's also very point and shoot with his questions and answers.

• 10:18Speaker 01

  Well, he's, he, by the way, prediction, then I'm going to come back to your weave thing. If I forget, remind me. I'm going to go back to the weave. Here's my prediction for you.

• 10:24Jack Selby?

  But you know what? While we're on the

• 10:26Graham Stephan?

  You have to ask yourself, what's the future going to hold for businesses? Because if you ask nine different experts, you're going to get 10 different answers. Bull market, bear market, rates will fall, rates are going to rise a little bit. It'll be really helpful to have a crystal ball.

• 10:39Jack Selby?

  But until that happens, over 40,000 businesses have already future-proofed their business with NetSuite by Oracle, the number one cloud ERP, bringing accounting, financial management, inventory and HR into one fluid platform. So basically with just one unified business management suite, you have just one source of truth, giving you all of the visibility and control you need to make quick decisions. And with real-time insights and forecasting, you're peering into the future with actionable data.

• 11:04Graham Stephan?

  When you're closing the books in days and not weeks, you're spending less time looking backwards and more time on what's next. So whether you're earning millions or hundreds of millions, NetSuite helps you respond to immediate challenges and seize your biggest opportunities. And speaking of opportunity, right now you could download the CFO's Guide to Machine Learning and AI at netsuite.com/iced. Again, that's netsuite.com/iced with the link down below in the description. netsuite.com/iced. Thank you so much, NetSuite, for sponsoring this episode, and now let's get back to the podcast.

• 11:36Speaker 01

  Here's my prediction for you. Between now and November 5th, Trump is the most hated man in America by mainstream media. On November 6th, number one on that list is going to be Musk. Number two is going to be J.D. Vance. Number three is going to be Trump. Let me explain to you why. Because who is the only person, if you, if you pull out a chart and you put a timeline, you'll have Trump is four years. Musk is 53, 54 right now. How long you think Musk's going to live? 30, 40 years? So Musk is like this. That's why he's the most feared and hated person. Okay, minus politics. J.D. Vance is not only four, but J.D. Vance is currently proving himself to be the number one candidate in 2028.

• 12:23Speaker 01

  And this could be 12 year run because Jake Tapper doesn't know how to handle uh uh JD Vance. Uh Dana Bash doesn't know how to handle JD Vance. The media doesn't know how to handle JD Vance. He goes on Theo Von, they love JD Vance. He's on stage, they love him. So for me, November 6th, you will see what's gonna happen. The amount of attacks going after JD is gonna go to the roof on November 6th because they know he's next.

• 12:46Jack Selby?

  Well, we have the prediction and we'll be able to check back up on that, I'm sure, in probably a year when we do the annual PBD podcast.

• 12:52Speaker 01

  I look forward to it.

• 12:52Jack Selby?

  I think that is a very astute observation. I agree with it. I think the incentive structures are there for them to do that.

• 12:58Speaker 01

  That's right, for sure.

• 12:59Jack Selby?

  So it makes sense. People follow incentives and I think, I think that's very, very plausible.

• 13:03Speaker 01

  And in regards to the weave, you know who's famous for doing the weave?

• 13:05Jack Selby?

  Oh.

• 13:06Speaker 01

  How much money have you spent in your life with lawyers? I don't want the number, but think about the money that we spend with lawyers. You know what's one thing about lawyers? You ask a lawyer a question. So, hey, John, I'm going through this and this, this, that. What do you think I should do? Well, uh uh uh, I remember when I was dealing with this one case and it all depends because in the state of Florida, their job is to prolong the call to collect their fees, right? Lawyers are pro at doing that. And they're frustrating, but guess what? They're collecting their fees. So sometimes that weaving stuff is fine if you're coming back to the point for lawyers. It doesn't matter. I'm just collecting.

• 13:40Jack Selby?

  Sometimes in that case, I think there's so much nuance that there's not just a... They don't wanna give you an answer. Sometimes they're holding their feet to the fire, you know, once they give you a direct answer.

• 13:48Speaker 01

  I got a lot of lawyers that are now with me that I've had for years and I like them. But sometimes the lawyers that you're dealing with at first, oh my God, it's a two minute question. Forty-five minutes later, I'm getting billed for two hours.

• 13:58Jack Selby?

  That's why you got them in necked.

• 13:59Speaker 01

  That's why you got them in necked. Exactly.

• 14:01Jack Selby?

  Okay, so one thing you talk about on your show a lot, which I think has been avoided for a very long time, is who really runs the US government? You always talk about they, like when you say they removed Biden as president against his wishes and placed Kamala in the seat. Who are they?

• 14:18Speaker 01

  Yeah, that's a great question. So I asked Jim Jordan right now who the, who they are and I asked Kevin McCarthy who they are. Jim Jordan was here right now. I'm coming from there and Kevin was here two or three weeks ago. So, report came out today.

• 14:32Speaker 01

  Of how many billionaires are supporting Kamala versus how many billionaires are supporting Trump? What do you think the split is? So I'll give you the number on the total. It's a hundred and thirty total billionaires that have publicly declared who they're supporting. How many is for Kamala? How many things for Trump?

• 14:50Jack Selby?

  I would say like fifteen for Trump and then the, what is it? One thirty you said?

• 14:53Graham Stephan?

  No, I think it's

• 14:54Jack Selby?

  One fifteen for

• 14:55Graham Stephan?

  I think it's opposite. I think, I think the majority is probably for Trump.

• 14:57Speaker 01

  You think the majority is for Trump?

• 14:58Graham Stephan?

  I would say so.

• 15:00Speaker 01

  You ready? Eighty is Kamala, fifty is Trump. Eighty is Kamala, fifty is Trump. Why? Why is eighty Kamala, fifty Trump? It, when, when you think about Elon is for Trump, okay? You think about, you know, Warren Buffett is not for anybody. They're not announcing that they're supporting anybody, staying quiet about it. He's normally not like that. He'll come out and say Obama, but he's not for anybody. And neither is Mark Zuckerberg, not for anybody. In 2020, four hundred million dollars. He said, we made a mistake because the Joe Biden, Kamala Harris, they kept telling us to take certain things off and do this. And we made the mistake of saying yes to them. So Mark is kind of saying, I'm out, I'm not supporting anybody, right? You saw with Jeff Bezos, Washington Post, we're not endorsing anybody.

• 15:45Speaker 01

  He lost two hundred thousand subscribers at a fifty dollar annual renewal. So he lost ten million dollars of recurring over saying they're not endorsing anybody. And lost a couple of his guys. And that's at a two point five million subscribers, he lost eight percent of it. LA Times, for the first time in twenty years, we're not endorsing a candidate. He's, one of his main editors resigned, said, I can't do this because I think this guy's pro-Trump or whatever it is, right? So why are eighty people supporting Kamala more than they are Trump?

• 16:17Speaker 00

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• 16:49Speaker 01

  If Dems lose this year, November 5th, we're gonna know by the time people watch this thing. If Trump wins and Kamala loses, and they're done. Who do you think is making a phone call to say we have to change the approach? You think it's Obama? You think it's Bush? You think it's Hillary? You think it's the Clintons? Or you think it's the money people? There's a video today that I played for Jim Jordan. It's a scene where they're at George Bush Senior's funeral. And everybody is handed a white envelope. And they show Clintons open a white envelope. Professionals, no facial reaction. They show Michelle Obama opens the envelope.

• 17:34Speaker 01

  Barack goes like this. They show the envelope. George Bush Senior's wife opens it and she looks at Jeb. And Jeb is looking around because it's his father's funeral. And Jeb goes like this for half a second. He goes, "Half a second reaction to the envelope?" Okay, so who gave the envelope? Because in life, let's just say you go speak at an event and they pay you a half a million dollars to speak. He's like, "Well, I got paid a half a million dollars to speak." You know what I want to know? Who cut the check to the half a million dollars to you? So in a setting like that, you received an envelope. And only four of you guys received the envelope. Apparently, Trump didn't receive an envelope. Who gave the envelope? It's not your assistant. It's the assistant to who?

• 18:18Speaker 01

  Whose handler gave it to you? And are those the people? Maybe, I joked about it. I said, "Maybe, maybe, maybe it's simply the fact that they said to Jeb, 'There's no steak on the menu tonight.'" And he's pissed. "It's only chicken." We know that's not the case. Maybe, maybe they said, "Hey, you know, Trump did something." Well, what is that one thing? If you only need to look at something for half a second, that means there's not a paragraph or a sentence. It's a number or a word or a letter. Boom, that's what it is. I'm asking Jim Jordan today. This is a very powerful guy, Jim Jordan. He's gone up against Fauci. He's gone up against Biden folks. He's gone against Hunter. He's gone against everybody he's gone up against. So I've never seen this before. I said, "What do you think's in the envelopes?" "I don't even know what's in the envelope. I want to know."

• 19:01Speaker 01

  So, you know, Trump called it the amorphous group of lunatics. Like a certain group of people behind closed doors that have the power that are doing this. Who could that be? It's gonna be tied to people that have money. And who those money people are, we know some of the names, we don't know all the names.

• 19:20Speaker 01

  But the the reality of it is whoever those people are that can control the knobs, somebody like Obama's worth, let's say hundred million dollars, say two hundred million, I'll say Hillary's worth at this point, uh, her and Bill, three hundred million dollars, four hundred million dollars. You know what that is to these other guys? You're nothing, that four hundred million dollars I spent on a regular day just interest on what I'm paying or dividends what I'm paying you four hundred million dollars, these other guys have the real kind of money. So I asked uh uh uh Jim and my interest to see what Trump and some of these guys will do, the same way they did Twitter files. Where we found out the communication of what was really going on and who was asking to remove all those posts and all this other stuff, you know, Barry Weiss, you know, Elon Musk,

• 20:02Speaker 01

  Matt Taibbi exposed it, right? I asked, I said, I would love to see somebody get appointed to do FBI files, get appointed to do CIA files, get appointed to do DOJ files, get appointed to show to us what's going on. Cause if somebody comes in and you fire everybody, Jim said, Jim said, I've told Trump, you should not only fire everyone, we should also fire some of the people that you shouldn't fire, and it's okay if you get in trouble for it, but we gotta get rid of these guys to really find out what's going on. Yeah, I mean, you know, it's who's there the longest that typically doesn't want the limelight. The one time I interviewed this lady named Jonah Mendez. She was the chief disguise officer of the USA. She's CIA twenty eight years, I think. Her husband uh was a very well-known guy that was involved in the movie Argo.

• 20:48Speaker 01

  But Jonah Mendez, she came to me, she's the one that put a real uh uh mask on her face and President Bush Senior couldn't recognize her because it was so real. If you've never seen this, it's sick. There's a picture of it. She's holding the mask of a different lady, right? And I said, Jonah, you've been the CIA for 28 years. What is the quality of a great CIA agent? She says, great question. I said, is it sales? Is it negotiation? Is it persuasion? What is it? She says, it's somebody who's a very good negotiator, who's very charming, who's very charismatic, who's very persuasive. However, if you all of a sudden prevented World War III, and you are the reason, and you're watching TV, you don't have to go and brag about it.

• 21:34Speaker 01

  How hard that is. You know, you want to say, hey, you see that? I did that. Imagine you just prevented war. No one's giving you credit for it. Those are the people behind closed doors that they know they're running everything, but no one's giving them credit for it because they don't want it.

• 21:50Jack Selby?

  Yeah.

• 21:50Speaker 01

  They're okay with that.

• 21:51Jack Selby?

  In the envelope, I'm curious if it's a picture.

• 21:54Speaker 01

  Could be a picture.

• 21:55Jack Selby?

  That's what I think. Some sort of picture. Some sort of blackmail.

• 21:58Speaker 01

  Could be a picture.

• 21:59Jack Selby?

  That's what I think. Hey, we got this image and everyone's like, oh crap, they got the image.

• 22:03Speaker 01

  You're right, it could also be a picture. Yep.

• 22:05Jack Selby?

  Yeah, for me, I would say it was really freaky when Joe Biden kept saying, I'm gonna run a second term, things are gonna be fine. I'm not gonna back out of this race. That's the last thing I'm gonna do. And then one random day he did. No one asked any questions and he's out and Kamala's in.

• 22:21Speaker 01

  I got a question for you guys. I got a question for you guys.

• 22:25Speaker 01

  The evolution of your first podcast we did together at MGM, right? To the second one. To now the third one. I don't think we talked any politics on the second one, on the first one. Maybe a little bit. Second one, I went there a few times. This one, you guys are very interested. Why are you guys now comfortable talking about politics and you're interested in it?

• 22:50Jack Selby?

  I have always been a little bit more okay with that. I'm a little bit more prone to risk, I guess. Graham is very risk averse, so he doesn't like to make any takes or anything. For me, it's not really my forte.

• 23:01Graham Stephan?

  I'm really interested in business and money. And I think that's a good balance between Jack and I. Jack is a lot more interested in these topics than I am. For me, though, it's what everyone's talking about these days. So I'll kind of go with the flow in terms of where the attention is.

• 23:16Jack Selby?

  He has been sending me a disproportionate amount of like,

• 23:18Graham Stephan?

  Oh, gosh.

• 23:19Jack Selby?

  Yeah, Twitter posts and stuff like that that have gotten political recently, which is fascinating because this has just never been him before.

• 23:25Graham Stephan?

  Oh, gosh, the botting. The botting is terrible on Reddit. So I'm sending Jack. So like, I'm really big because I could, I could see when someone's buying fake views, followers, likes, comments. I see it so quickly on YouTube. I'm seeing it on Reddit. And these particular threads that are coming up, and I'm sending Jack these threads that are very pro Kamala, anti Elon Musk, anti Trump. And I know Reddit skews left. But to the degree that I'm seeing, and I'm screen recording on my phone and I'm refreshing, and I'm showing like, thousand upvotes, thousand upvotes, thousand upvotes, every minute. It's not normal. That doesn't happen. I've never seen that before. And so I could tell, and I'm sending this to Jack like, hey, this is botting, this is botting, this is botting.

• 24:08Jack Selby?

  And it's on a political Reddit threads or subreddits. So things that aren't supposed to be political, like it was r/pix.

• 24:14Graham Stephan?

  r/pix.

• 24:15Jack Selby?

  Which is not political at all. And then they're posting a picture of Kamala's ad or something on this sphere, saying that this sphere is taking a political stance, and it's just getting a thousand upvotes.

• 24:23Graham Stephan?

  Yeah, and the funny thing is, every comment is negative. But all the negative comments are now getting downvoted within the first minute. And I'm screen recording all of this.

• 24:31Speaker 01

  And what does that do? When it's downvoted, what does it do?

• 24:33Graham Stephan?

  It doesn't show up on the top.

• 24:34Jack Selby?

  So it just goes all the way to the bottom.

• 24:35Speaker 01

  So wait a minute, Reddit, they only show the ones that are upvoted?

• 24:38Graham Stephan?

  Correct.

• 24:39Speaker 01

  Okay, got it.

• 24:40Graham Stephan?

  So what I'm seeing is that, you know, just my opinion is that her or her team are botting up very positive pro information to her, botting up anti-Trump, anti Elon Musk, and then botting up all the positive comments and suppressing anything that's negative. Because when you sort by newest, they're all negative. And every comment is like, this is just an ad, she bought a billboard.

• 25:04Speaker 01

  Are you, are you catching yourself being more interested in it because it directly impacts you? Or is it because the market's talking about it and you're just like, you're forced to almost consume it?

• 25:18Graham Stephan?

  Probably both.

• 25:19Speaker 01

  Okay.

• 25:20Graham Stephan?

  I'd say it's an equal amount of both, probably 50/50.

• 25:22Speaker 01

  You know why I, I used to think it was the second one? But a part of me, like, I mean, politics has been around for a long time, if you think about it, right? Politics been around for a long time. When I watched sports and I was eighteen, sixteen, twenty, twenty-two, I could care less about politics. Then all of a sudden, I'm like, wait a minute, why did I pay fifty thousand dollars in taxes? Where's this money going to? Why'd you just tell me I have to do this? Why is this district? Why is it because I'm this county you just came and collected? What kind of taxes? Assessor tax, assess, what is this tax? L A County, so you need me to pay you what eighty-nine, sixty-nine thousand dollars for what? So what county doesn't have this kind of tax? What's the Burbank, Glendale, Santa Monica, Victoria?

• 26:06Speaker 01

  Okay, then I'm gonna go to Glendale, we're moving our office. We're getting the hell out of California. So those were some of the things, because it starts off with economy, right? You're not sitting there saying pro-life, pro-choice, this, this, that. You're just looking purely at the economy side of it. But it's interesting for me that a content creator like yourself, you guys have a massive following. You're not a small hundred thousand subs, it's millions on top of millions on a couple of platforms that now even you are feeling more comfortable to want to talk about these issues, even though some of your audience may say, why are you talking about the stick to business? Good for you guys.

• 26:40Jack Selby?

  Thank you, and I do think that they're tied together pretty well. I mean, I also had a huge awakening when I left California and then moved to Nevada and then realized that the amount of money I'm saving in state income taxes paying for my house, it paid for my car, it's paying for all of these things. And then I go to California and it is substantially worse than it is in Las Vegas. And I'm like, well, this makes no sense. There's a huge discrepancy. And I think it's also important to talk about politics, not through an emotional lens. So also to to heart back on what he said about the Reddit stuff, that's also speculation. There's no

• 27:09Graham Stephan?

  There's no proof.

• 27:10Jack Selby?

  The proof is just the fact that we've refreshed the page and it looks really sketchy. And Graham spends

• 27:15Graham Stephan?

  I've never seen it.

• 27:16Jack Selby?

  He spends an ungodly amount of time on Reddit. Like a crazy, and he's never seen anything like this. It makes no sense, it's speculative, but it is weird.

• 27:24Graham Stephan?

  Yeah.

• 27:25Speaker 01

  Yeah, I mean, if you look at Instagram. Kamala will post something. She's got 20 million followers. And you'll see how many likes it gets. Like, man, you're not moving anybody. Call her daddy. 779,000 views. Club Shea Shea, 889,000 views. Where his Cat Williams interview was a number one interview of the year, but the person running for president only gets 889. Trump Rogan, 35 to 40 million views and he dropped it on Friday night, whatever it was, on a night where Yankees are playing game one. You choose to drop it on that. What a fr- you got brass balls to drop it. Oh, y'all, the perfect timing of the, you know, everybody's always like, we gotta drop it or something.

• 28:09Speaker 01

  Nah, I'm dropping it right now. Go watch it. You don't wanna watch it, it's totally fine with me. 35 million views. On Google, you can't even see what's going on with it. You can't find a Rogan Trump. So, and then the thumbs up, thumbs down ratio. You know, you would watch Obama on Leno or Letterman or whatever the shows were, Kimmel or Fallon. He was interesting. Unfortunately, she is the most boring candidate ever. I've never seen a more boring candidate than her. And this is politics. A lot of people are boring that get into politics. The market's just not interested. You have guests, you'll have them on. And what do you do? You think you're gonna go back and interview a guest that doesn't get eyeballs? You don't do that. I don't do that. None of us do. I go, this guy, what was that? No one's interested. Why are you not interested?

• 28:55Speaker 01

  Boring, not entertaining, not electrifying, no charisma, no ch- give me something new. Everything's the same vanilla, same story, same story, same stories. Nobody wants to see it. I already know what he's gonna be saying, cuz he says the same thing. A lot of content creators who were gods 10 years ago, five years ago, who are dying today. Why are you gonna watch them? You know what they're gonna say. You know what their answer's gonna be. They didn't recreate themselves. The same way the market reacts to boring content, not getting fresh. You guys are changing it up. The same with Kamala. The market is just not interested in what she has to say on the interviews. They're only voting because they can't stand Trump. They're not voting because they love her.

• 29:31Graham Stephan?

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• 30:11Graham Stephan?

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• 30:36Jack Selby?

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• 30:43Graham Stephan?

  I would love to get your thoughts on Lex Friedman. He recently tweeted, he said, "Legacy media is done. I'd love to see presidential candidates and political leaders of both parties regularly doing long-form podcasts moving forward." What are your thoughts on traditional media?

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• 31:55Speaker 01

  So what is keeping traditional media in place? Three things. One is boomers. One is big pharma. And the other one is sports. Now watch what's happening with sports. NFL, NBC is so scared of what's going on with sport. Charles Barkley, how dare the Miami Dolphins and the Kansas City Chiefs go put that one game on Roku or whichever it was, and they paid him $110 million. All they care about is money. Charles, do you do NBA on TNT for free? Well, no, I'm all about making money, but this is a little bit too much. Who says that? You say that? No, it's called disruption. The game is going a different direction. Look at shows on mainstream media.

• 32:40Speaker 01

  By the way, here's the other prediction to be thinking about. Here's the other prediction to be thinking about.

• 32:46Speaker 01

  You'll remember this, for sure you'll remember this. Do you remember during COVID, there were guys that are doing lives three, four, five times a day? And they're killing it, growing exponentially. Some of the guys got 100,000 subs in a month, right? And G5, was it G5? Yeah, G5 and COVID and market and the next stimulus, the next stimulus, reaction to the next stimulus, reaction to the next stimulus. Stimulus changed. G5 changed. They disappeared. What are you going to react to now? Trump election, it was election, it was Trump and Kamala and RFK and Tulsi and...

• 33:22Speaker 01

  November 6th, lot of talent, they're scared shitless. Cause guess what? You know what November 6th is gonna happen? People are gonna say, I'm freaking done with politics. I don't wanna know nothing else. Give me a year or two year break. I'm not interested. You're going to see a lot of the talent, content creators that are doing talent individually. They're gonna join teams and alliances. That's gonna happen November 6th, when they're gonna think about it. Now, they may not execute on it till March, April, May, June, July of next year. Cause they're like, no, I'm gonna be fine. I'm gonna be fine. I'm gonna be fine. They're gonna experience that. Not everybody, not you guys, but a lot of people are gonna be doing that.

• 33:59Speaker 01

  So that's one part. Second thing. November 6th, the mainstream media, the only reason I don't think they're gonna be dead the next four years. Is, the answer's gonna be a little weird. I think Trump's gonna prevent them from going out of business the next four years. Cause when Trump's in office, CNN ratings was to the roof. MSNBC's rating was to the roof. They needed outlets to go out there and talk trash about Trump. And they're gonna freaking, CBS, you're gonna see record breaking number of subscribership and blah, blah, blah, blah, blah. Why? Cause they have an enemy. They can't do that under Kamala. This game is a very tough game. Why? Podcasting is not for everybody. It's not. I can sit here, give me a teleprompter, I'll read it.

• 34:41Speaker 01

  So today at 6pm, there was news reported that in New York City, a family of six was shot when it was... I'm reading, right? Now try to do this. Now try to go through this. Not everybody can do this. How many guys go from there and make it happen? Maybe Tucker? How many more? Maybe Meghan? How many more? Not a lot of them. So, this, this game is about to change in a major way and Lex Friedman is absolutely correct with what's taking place. In 2028, 2023, 2024, Bobby showed the way to compete is podcasts. Trump saw that. Boom. I'm going on podcasts. But you think this is crazy? Twenty twenty seven, twenty twenty eight, you're gonna see actual presidential debates taking place on podcasts. You'll see that happen. It's changing. Game of change. I would love that.

• 35:26Speaker 01

  No, it's no, it's gonna come. It's gonna come because there's gonna be money behind it. It's gonna come.

• 35:31Jack Selby?

  And the main problem, I think, also with these huge outlets is that there's no accountability whatsoever. Did you read Jeff Bezos's opinion in Washington Post? I was actually, so I saw that he did that and I was very excited. And then I read it and I was wildly underwhelmed because he said that the media needs to be accurate. They need two things to be accurate and then for people to believe that they are accurate. And he says Washington Post has not done the latter. Let people believe that they're accurate, basically saying that people can't make the decision for themselves if the information that they're receiving is accurate or not. They don't have that agency. It's up to the news source to tell them that what they're saying is accurate, which I think is kind of taking away the agency from the people that are ingesting.

• 36:15Speaker 01

  Well, look, I mean, here's the reality of it. He's got 2.25 million subscribers, right? 2.5 million subscribers, of which he just lost 200,000 yesterday. Okay, 8% is gone.

• 36:29Speaker 01

  What's he now gonna do? So, did he lose 200,000 but he gained 100,000 conservatives? No, he just lost. Because the average conservatives or libertarians not sitting there saying, "Oh, wow, great job, Bezos. I'm now gonna come and subscribe to Wapo." "Oh, great job, LA Times. Now I'm gonna come back and subscribe to LA Times." You didn't gain conservatives. You just chose to not endorse. So they didn't win anybody. They just lost. So what are they gonna do now? When it comes down to TV, podcast, you have to know to be a good host, to ask good questions, to be a good conversationalist, to maybe have a good shock factor, good storyteller, suspense,

• 37:11Speaker 01

  good analysis, good breakdown, a way of looking at something that nobody's thinking about to say, "Well, I just like the way this guy thinks. He's always different than what everybody else thinks." Oh, interesting. Never thought about, or very honest, transparent. I trust this guy when he F's up. He says it. Ted Turner said something, and I think this is where a Bezos, if he reads the book, They Call Me Ted or something like that, the book, at the end of the chapter, end of the book, phenomenal, by the way, both of you guys would enjoy reading this. It's a phenomenal book to read. At the end of the book, he's interviewed by one of the current CNN anchors. And he talks about how disappointed he is in what happened to CNN. He says, I started CNN for news to be the star.

• 37:53Speaker 01

  He says, now the star is the anchor. No one cares about the news. Things changed, right? Now, part of it could be the Fair Doctrine Act of 1987, where Trump, I'm having him on the podcast, we're talking, he says, you know, back in the days, whenever they're doing a story on me, somebody independently would call and verify, are these stories true about you? So think about this, you're writing for New York Times. He's an independent company. He calls me and says, hey, Patrick, this is what New York Times is writing. Can you verify these things? And I would be able to give my argument to it on the hit piece that you're writing on me, right? Okay. Ever since 1987, you don't need to do that anymore. The Fair Doctrine's that because propaganda became a normal thing. You can say whatever you want. There is no accountability. Nobody can sue you.

• 38:38Speaker 01

  They used to be able to do that because they used to say a media company that was called the Thomas Mund Act back in the days, where you have to give me both sides of the story. That's the Walter Cronkite days. He was a hardcore liberal. Nobody knew about it. They just gave you the news. The moment that's wiped out and the journalistic integrity and accountability is gone, everybody can keep writing opinions, opinions, opinions, Russia collusion, Elon Musk is this.

• 39:02Graham Stephan?

  Why they get rid of that? What was the argument for getting rid of that?

• 39:05Speaker 01

  Yeah, so I mean, the the argument was you should let people talk and you should let people present and then keep in mind, I wasn't involved to know if lobbyists were involved. Because think if you're sitting there saying, guys, we keep getting hit by these lawsuits, man. If we can sensationalize stories even more, we're going to get more eyeballs, more eyeballs equals more sponsorship money. How much did that lobbyist firm wanted to, if we hired them, how much? How much money do we need to give to these guys? $2.8 million. If we do the $2.8 million and we turn that over, how much can that turn into advertising? We go 300%. Can we talk to accountant, hey CFO, can we afford that 2.8 million dollars? Let me run numbers for you. Yes. Give that guy 2.8 million dollars. Great. Doctor Nat is gone. No way. Yes.

• 39:50Speaker 01

  Ah, phenomenal, guys. Pump it up. More. And let me tell you what I believe is going on. A source, an anonymous source told me, what anonymous source? Everything was anonymous. An anonymous source told me that Graham Stephan is taking steroids and growth hormone, and he sold them the steroids. Anybody can say that nowadays. What do you mean? An anonymous source said that. And now you have to go answer it.

• 40:12Graham Stephan?

  No. It's awful, because then if you address it, you have half the room with you as well.

• 40:16Speaker 01

  You give credibility.

• 40:17Graham Stephan?

  Then he addressed it, so there's gotta be some truth to it. Why is he hiding it? And then if he doesn't, why isn't he addressing it? It must be true.

• 40:23Speaker 01

  That's the sensationalism factor, when you get rid of and you allow propaganda. Now, anybody can say Jake Tapper is being questioned by JD Vance, Russia collusion CEO, whoa, an FBI. What are you talking about? You didn't have, well, an FBI, yeah, we did. We looked at it. No, you didn't. So Jake is like offensive, going back and forth with JD. I say, what are you talking about? You did this the entire time. Now you want to say an anonymous source that used to work with Trump back in the day said the following? Enough of these anonymous sources. So, and, and you're going back to independent content creators. What do independent content creators do? All we do is we question. Why did this happen? Hey, can you pull that up? Huh? Can we pull that up? Huh? What do you think happened? Is it this, is it that?

• 41:05Speaker 01

  And then somebody's watching and saying, what is that white envelope they're talking about? And then let me create a Reddit to see what people think it is. Let me see 6,800, 990 comments later. Oh, there was a person, da, da, da. These are five different things. I found out what it is. That's how this thing works. So that, and that's scary to them, right? What, what, what, what you're doing, what we're doing? It's very scary for them. But long term, that's the direction we're going.

• 41:30Jack Selby?

  On the topic of independent content creators, why did you guys sign on Chris Cuomo to the show? I noticed that when you guys did that, I saw more hate in the comment section than I've ever seen before on Reddit, on Twitter, X. I saw all of these hate comments. What was the strategy behind that? And why is, why have I not seen them on the show in the past few months?

• 41:49Speaker 01

  I welcome all the hate. I'm not uncomfortable with that. Some of the people that called me and texted me and messaged me about how disappointed they were, the fact that we signed Chris. If I tell you the names, you wouldn't believe it, and I wouldn't tell you the names. This is not because I don't want to throw them under the bus. It's just a private conversation I have with these folks. But I understand why they would say it. Because for the longest time, he made the people that didn't want to take the vaccine seem like they were the bad guys. He, he was part of that camp that he went through when he was at CNN, the whole Ivermeck and everything we had Dave Smith, we had this debate that took place. Now, for me, I, my comfort zone is controversy, chaos and issues. Because if there's not a clash of ideas, you don't get to the truth.

• 42:34Speaker 01

  If I want to find out how mentally and emotionally tough my kids are. And I noticed one of my kids is very good at talking shit to the other ones. And I watched to see how long it takes till that person gets rattled and gets emotional. And I'll say, that's all it took? Yeah. Seriously? Yeah. I said, let me ask you a question. What do you think we are as a family? You think, you think we're a very quiet family without your father having strong opinions? You guys are kids right now. What do you think is going to happen when people start saying stuff to you about your dad? How are you going to handle it? What do you mean? Well, let me give you some stuff right now. So I start saying, what are you going to do if somebody says this? Well, that's not, but what are you going to tell them if they say something like that to you? How are you going to handle this? What are you going to do if somebody says this about your brother?

• 43:17Speaker 01

  So we now started role playing, how to do press conferences. And I start poking them with comments to really piss them off. I said, you don't, you have that thin of a skin? You want to do something big, but you don't have, you have that thin of a skin? I had Kevin McCarthy on the podcast a month ago and I asked him a question. I said, let me ask you. Here's a list of people that I think will run in 2028. What do you think? He didn't comment on it, but then afterwards we walked away and we talked about some of those names. Of people, the one thing that he said to me that I'll reveal, which was fantastic. He said the following. He says, you know that guy you said that could run for office? I said, yeah. He says, he won't run. I said, why not? He's not battle tested. I said, he's not what? He's not battle tested. What does that mean? He's not battle tested? Says, you have to realize. Most of these guys cannot go run.

• 43:59Speaker 01

  When hit pieces come, the average guy cannot handle it. It doesn't matter if they're a billionaire. Did you watch the Lex Friedman interview with Trump? Did you guys watch it? Do you remember that part where Lex asks him the question about other friends running for president and? You know, who's it for and who's not for? He says, one, there's a lot of billionaires that don't know how to talk from stage. They just don't know how to communicate from stage. You have to know how to communicate, entertain, tell stories. Most of these guys are not good public speakers, like Mike Bloomberg. He's not a guy that can get on stage and entertain an audience for a long time. But another part of it is. How do you do when they attack you? Guy calls me the other day and he does a story on me. And we had a very well-known guy from one of the biggest magazines that is gonna be here with us on election night.

• 44:43Speaker 01

  Hates what we stand for, not on the same page with me. Here's how the call ended. I said, let me manage expectations with you moving forward. He says, what's that? I said, you have my cellphone number.

• 44:55Speaker 01

  What I shared with you. If you say anything I just said in the article you're writing that I said, the way I said it, I'm always a phone call or text away. I swear to God, if you in any way try to spin what I said to you in a way that makes me look bad or hurts my relationship with the person that you're writing the article about, you will never get a hold of me. And I'm gonna be around for the next 40 years. So if you wanna have a 40-year relationship with me that I'm a phone call or text away, you best be fair and straight up with me. If you're not, this is not gonna work out. You know what he said to me? Pat, I may not agree with everything you're doing, but I'd like to have that relationship with you long term. I said, great. Then guess what? Let me know when you write the article, send it to me over.

• 45:37Speaker 01

  These are the things that you have to get used to having these relationships with people and managing expectations. When Jordan first came in the game and everybody was doing interviews afterwards and they started talking shit about his family, Jordan made it very clear. Hey, my family is not something I wanna talk about. You can ask me any questions about the game, not my family. If you talk about my family, I'm not giving interviews. You know what happened? Everybody realized. You want Michael interviews? You can't go after his family. They left him alone. And Michael had a personal life that he didn't walk on, you know, water. He had certain issues. Nobody covered it. Because ask me anything you want about the game, but don't ask me about my personal life.

• 46:18Speaker 01

  That's the way you also manage that relationship based on whatever your level of acceptance is on a topic that you wanna talk about. So the battle-tested part is gonna be interesting to see uh who'll be able to handle it or not. But it's gonna be, it's gonna be very tough for a lot of people long-term, especially those that wanna maybe get to the next levels of running.

• 46:37Graham Stephan?

  Yeah, now in terms of policy, do you think a zero income tax is actually possible?

• 46:43Speaker 01

  So let's do the math. How much money do we need to run our government?

• 46:49Graham Stephan?

  Depends on what you're funding.

• 46:50Speaker 01

  Well, exactly. But right now, how much money do we need to run our government today?

• 46:53Graham Stephan?

  With with overspending, yeah. Yeah, it's probably you could get it down to five.

• 46:57Speaker 01

  Okay.

• 46:57Graham Stephan?

  Five trillion dollars.

• 46:59Speaker 01

  Out of the five trillion dollars, how much lower can we go to?

• 47:03Graham Stephan?

  Well, if you get rid of social security, you could save two and a half. You get it down to two and a half.

• 47:08Speaker 01

  How do you get rid of social security? You got seventy six million baby boomers. How are you gonna do that?

• 47:13Jack Selby?

  The way I like to think social security can be ended is assign an interest rate to all of the money people have contributed throughout their entire life and then just pay them it back in a lump sum and close it out.

• 47:23Graham Stephan?

  So everyone gets their own individual account.

• 47:25Jack Selby?

  Everyone, yeah, so so.

• 47:26Graham Stephan?

  Treasuries.

• 47:27Jack Selby?

  I mean, if the if the IRS can audit us, they can get access to these records. Add up the amount you've contributed, assign an interest to it, maybe five percent. Three percent. I'm sure people would rather have the money now than later and then just give it to them.

• 47:39Speaker 01

  Okay, so how much is that gonna cost you? What's that amount?

• 47:41Graham Stephan?

  So.

• 47:42Speaker 01

  Two and a half trillion? You're saying two and a half trillion?

• 47:45Graham Stephan?

  Social Security, I believe, is two and a half trillion of the.

• 47:48Speaker 01

  Okay, what else?

• 47:49Graham Stephan?

  The overhead.

• 47:50Jack Selby?

  Defense.

• 47:51Speaker 01

  Okay, defense. How much of it can you change, especially right now?

• 47:55Graham Stephan?

  I have no idea.

• 47:56Speaker 01

  Okay, so our defense right now, what's the number? Two trillion dollars US defense budget. Okay, how much of that can you lower? Do we need seven hundred and eighty bases worldwide? Why do we have seven hundred and eighty bases worldwide? How much does that cost us? Do you realize we have seven hundred and eighty bases worldwide? Do you know how many military bases China has worldwide? It used to be two. I think they're at eight right now, five to eight right now. We got seven eighty worldwide. Why do we have seven eighty worldwide? What are we doing with that, right? There's a lot of areas where you can cut. However, this is the challenge. To do that, to get to zero percent, the only way that could work out is if you, that way of thinking, controls the administration for twenty years.

• 48:42Speaker 01

  And that's the problem. Because if you go zero and you put it on all the tariffs that we're collecting from all these other countries. How much are those tariffs gonna be? So for example, the, the trade surplus, trade deficit. Our trade deficit is what? 1.1 trillion dollars per year. We give 1.1 trillion dollars more to other people. Like imagine we're doing business. I buy 1,100 dollars more from you than you buy from me. So I'm always giving you more than you're giving me. If we're business people, the way I described it, you do auto insurance. I do real estate. I've given you 1,100 more leads and referrals in the last five years than you've given me. You're not giving me any referrals.

• 49:26Speaker 01

  I'm always giving you, eventually I'm gonna be like, why the hell am I giving you all this business? You're not giving me anything. I'm gonna stop giving it to you, right? So our trade deficit is 1.1 trillion. China's trade surplus is 840, 840 billion. You know who number two is in trade surplus? Germany. Germany gets 220, 240 billion more. Why? BMW, the cars, the fancy cars that they got, so that's the part. So if he hired somebody that can go negotiate with these countries and saying, hey, we've given you this much to make up the difference. It's either we're gonna make it up through tariffs or you have to spend this much money buying this much money business from these 20 different industries. And you don't have to do one. Maybe you don't have this because you have it right now. You gotta buy the other ones.

• 50:11Speaker 01

  So I need you to buy this much money from this, this much money from this, this much money from this, right? So you're kinda going through that part with them. Great. But how long will that take for that negotiation to take place? Because how long can China take that pain? Maybe a year, two years, three years? They're like, who the hell are you? You're gonna get out anyways and I'm gonna have some of my intelligence come and make sure you don't get elected and J D Vance doesn't get elected. You ain't gonna do this 0% stuff because I have to pay for it. So the only way I think that happens is, man, you need 20 years to shift the way we think to get people off of entitlement programs. And if you get people off of entitlement programs and like right now, okay, hey, I'm gonna cut you the tax social security, we're getting rid of it. Give a 58 year old 173,000 dollars of social security. You think they're gonna keep that money or spend the money? They're gonna spend the money.

• 50:54Speaker 01

  So how much do they have left at 62 years old, 72 years old? And now who has to take care of them? The kids, now the kids have to take care of mommy and daddy because they didn't spend, they spend the money in a hardcore way. Tonight, kids are having mommy and daddy live with them. That's problematic. So we're, we're not a good savers society right now. We have very bad mindset financially. It's going to take you 20 to 40 years to figure out a way to get to 0%. If we have everybody believing in the same ideology and philosophy. That's a tough fight to have, not in four years. It's a very difficult thing to do in four years. And by the way, if they do it, they deserve a Nobel Prize.

• 51:32Jack Selby?

  Yeah, I like the fact that it's brought up, but at the same time, I'm worried that that sets expectations so high that then if they were to do something like, say, reduce it 10, 15%. It just wouldn't even happen because people are expecting zero or they're expecting no change at all.

• 51:47Graham Stephan?

  You set the bar so low, though, that if you get anything, then yeah.

• 51:51Speaker 01

  It, look, it is a great conversation started to go like, if you ever read the book, um. The Art of Seduction or 40 Laws of Power. Have you guys read those two books? Okay, one of the things he talks about is. Cast a vision or a dream so big that seems unbelievable. Most people run through the wall for it to think it's possible that one day to become a reality. There's power in selling a massive vision or a dream. The greatest leaders of all time that create a massive following, they were very good at doing this. It doesn't matter 100, it doesn't mean 100% of the dream or the vision became a reality. But they definitely created an army behind it. Some of them did. Some of them didn't, but hey, by the end of the decade, we're going to land on the moon.

• 52:36Speaker 01

  Now you either believe we didn't land on the moon and it was a movie, fly me to the moon. Or you believe we did, but either way, the story of we're going to land on the moon. What is that? A massive vision. Oh my God, we're going to do before Russia. This is awesome. John F. Kennedy, let's go, right? It's exciting. So there's a part of it, but man, you need, you need a lot of years of people being on the same page together.

• 52:57Graham Stephan?

  So where do you think America's headed over the next 10 years?

• 53:00Speaker 01

  It, it's after the election, you're watching this Trump one. J D Vance becomes enemy number two. Elon Musk is enemy number three. Trump is gonna be enemy number three. I'm sorry. So it's gonna be Musk. J D Vance then Trump. So then the establishment, they're not gonna go after Trump because Trump is just four years. They're gonna go after Eric. Junior. All the other family members. So that's you just have to know who the enemy is gonna go after. That's who's gonna get targeted. Crystal clear. Those are the people. And maybe I would put, you know, certain people in the top 10 list. Vivek would be on the top 10 list, certain other people. Maybe not Bobby. Bobby, he's gonna be 74, 75 years old. Maybe they're gonna go in a different direction. Bobby's gonna play a role, but they're gonna target some of those guys.

• 53:43Speaker 01

  Trump wins. The way J D Vance has proven himself as a great VP. Selection and Trump gets credit for this with Peter Thiel and Don Jr., but ultimately Trump for choosing him because it's his call. J D has proven he's ready to be a president with that debate with Tim Wal- Tim Walz. It just. It looked like a professional basketball player playing me one on one and you're just watching and saying. Pat, you have no clue what you're doing. No, you're right. Cause I'm playing up against Kevin Durant and I don't know what I'm doing. I'm playing against a guy like that. So J D Vance is formidable enough to be a two term president. Okay? So if Trump is a one term, J D is a two term president. Now you got 12 years of momentum. And this is to blame for what Barack Obama. And what Fauci.

• 54:28Speaker 01

  And what Biden and what Harris and what a lot of this establishment did during the four years during COVID. No one forgot that. There's a lot of people that didn't forget it. They are so angry. There is 14 year old kids that are now 18 years old that will never forget how ninth grade was. Permanently for the rest of their lives. I am 46 years old. I will never forget what it was like living in Iran when I was six, seven, eight, nine, 10 years old. Never till today. I'm 46. I will never forget when Khomeini died. For three hours, two hours, my mother can't find me. We're going all over the place. Everyone's panicking. Streets are riot. It's it's till today I can play. That's and I'll never forget that, right? That stays with you. So. You're 14 years old. You mean to tell me I couldn't go to school. I couldn't see my friends. I'm at home.

• 55:10Speaker 01

  I'm around my mom. My mom's trying to go to work. We're getting into fights. My mom and dad are fighting all the time. This caused the divorce. You guys lost your restaurant that my grandfather ran for many times since the 40s and 50s. You did that to me. That's permanent. That's permanent fire in the belly that you cannot replace. Those kids are now eighteen, they're gonna be twenty-two, twenty-six, thirty. That army of why male voters, eighteen, young male voters are becoming more and more conservative, is not because maybe they grew up in a conservative family, so they're not becoming more conservative. You made them feel like idiots. You you made me feel like I'm abnormal for being a regular young man, a young male, right? Young boy, who I am. What what is so weird about me?

• 55:52Speaker 01

  So I think that revolution of strong men coming back up, you're gonna see a lot of that the next four, eight, twelve, sixteen years, and they're gonna be heroes.

• 56:03Graham Stephan?

  Now, wasn't a lot of those lockdowns that started with Trump?

• 56:06Speaker 01

  No, not the lockdowns. No, not he he had, what lockdowns did he do during Trump?

• 56:11Graham Stephan?

  Uh, March twenty twenty.

• 56:13Speaker 01

  That's states, though. You you can't put states. States, what they did with California, that's a state. What New York did, that's a state, that's up to the state. DeSantis here did it in Florida for two to four weeks, he opened it back up. I remember I was here, that was like a, but he's not the guy shutting it down. It's the states that are doing it. And Fauci was the one that's saying, well, I think it's not responsible. I have kids go to school and we need to do this. And he's putting that from the top. I think everybody needs to get a vaccine. I think everybody needs to do this. So that pressure and Trump's like, is this the person that saved all the AIDS people? I'm hearing different stories about this Fauci guy. Isn't this the same guy that was selling that whatever, the L Z T back in the days? And we had a cheaper version of cure for AIDS, but he didn't want to do because it was making ten, twelve thousand dollars?

• 56:58Speaker 01

  Wait a minute, who is this guy? Can you guys tell me who this guy is? Trump's trying to figure out who Fauci is, right? So now what states, this is what states it. And then in L A, the mayor, I think it was Viegrosa, I don't know if it was, no, it was a different mayor that is saying, hey, if you catch anybody that's non-essential working out there and you snitch on him and tell us this, we're giving you two hundred and fifty dollars. Who the hell creates a model like that, right? So those kids will never forget that.

• 57:25Speaker 01

  They will never forget these policies caused their parents to get a divorce. These policies caused their grandfather who have some of their best memories ever of going to that restaurant, breaking bread, putting it into this, you know, oil and vinegar and grandpa's telling stories about the times of Italy or about the times in Ireland, about the times of, you know, whatever they were. And these are memories, these kids. And like, you did, you destroyed that. My grandpa worked on that? How many restaurants? Nearly a hundred thousand restaurants, 50 million workers in the service business were not having a job? You did that to me? I will never forget that. They're gonna get older. And those convictions are not going away. And universities are gonna face a lot of these kids. What, what do you think Charlie Kirk has done with Turning Point USA? You don't have to like the guy, you don't have to agree with the guy,

• 58:09Speaker 01

  but let me tell you, that guy's a very formidable guy and his army's getting bigger and bigger. That guy's gonna be formidable. There are a lot of kids that are looking at what he's doing and others are doing. That's gonna be around the next 10, 20 years. But,

• 58:23Speaker 01

  if Trump wins, and Vance plays offense, and Vance is more involved in having victories, and Trump gives Vance certain responsibilities that he is the face winning, not Trump. If that, if Trump is comfortable with Vance getting public victories, sometimes even more than him,

• 58:43Speaker 01

  if he's okay with that, that some of the credit goes to Vance, and he's not upset about it, Vance will go eight years. But if all of a sudden Vance gets a little bit too much attention, and it rubs him the wrong way, and Vance gets a little bit too cocky that he's doing it and it gets to his head, even a subtle smirk when somebody asks a question that says the following, if you want to find out a divisive question to ask Vance, you know what it is? You ready for the divisive question? Hey JD, a lot of people are saying you're the president of the United States, and President Trump is the vice president. A lot of people are saying you're the one that's doing all this stuff right now. It's because of you. How do you feel about that? If he smiles for half a second and President Trump is at Mar-a-Lago and sees that Trump,

• 59:27Speaker 01

  now you have division. These are some of the things you gotta be ready for because the games are gonna be pinned to pin Trump against JD. If they're able to find a way to pin Trump against JD and now Trump is not happy about the attention that JD is getting, Vance is not gonna get reelected because he'll be another Mike Pence. Trump's not gonna let that happen. JD has to realize you are not the alpha. He has to give all the praise and edification to Trump the next four years. Zero taking credit. If he does that, the head honcho at the top is gonna give him the biggest endorsement for 2028 and he'll get it. If it's not Vivek or somebody else, but he'll be one of those guys. But I think if that takes place, you got Elon, you got Bobby, you got Tulsi, you got Tucker.

• 1:00:11Speaker 01

  If all of these things are taking place, oh, this is not good for these guys for the next 12. They missed the mark on podcasting. They missed the mark on the way they presented their argument during COVID. This may not just be four years. It may be four, eight, 12 years.

• 1:00:27Graham Stephan?

  It's interesting too. We've said for the last two years that we've tried to get people on the left. We almost never get a response back. Or they just say no. People on the right seem to have no problem going on podcasting.

• 1:00:40Speaker 01

  Why do you think?

• 1:00:43Graham Stephan?

  My thought is that, or what Ben told us, Ben Shapiro, which I agree with, is that the left overall has legacy media and they don't need to do podcasting to get their voice out there because they could go to a big publication or a big news outlet and say whatever they want.

• 1:01:00Speaker 01

  But you think, you think it's just that? I don't know if it's just that. He's right that it's just that, but there is a layer deeper than that. It's not just that because what if it was the other way around?

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• 1:02:08Speaker 01

  What if we're cable, okay? And cable's the new thing and podcasts came first? Flip it. Let's say podcasts came first and cable is us now. Just a different platform, right? Okay. And what if cable didn't agree to send you the questions? But podcasters agreed to send you all the list of questions and you could say, don't ask this, don't ask this, don't ask this. Which one would be legacy? It'd be legacy podcasters against media and mainstream media, the cable network would be what? Oh, these guys, I'm never going to go on cable because they don't give me the questions, right? It's about who is controlled and is willing to release the questions and follow the guidelines

• 1:02:53Speaker 01

  and the ask that they're making. Whoever does that, they're favored by them. Whoever doesn't, doesn't. Think about, think about anything you are very confident about speaking on. Are you okay if a person asks you any questions on that? You're like, yeah, sure. What if you're not? What if you don't know a lot about certain things and you're afraid to go out and get exposed, right? And you're like, oh shit, that was not good. That was a bad piece that went out. No way, we have to protect me. That cannot happen again. You guys got to make me look good. There was a SportsCenter commercial once with Dwyane Wade and he's sitting there with the editors at SportsCenter. And he's saying, hey, can you show me staying in the air a little bit longer than he did?

• 1:03:38Speaker 01

  I want you to edit it this way to make the highlight better. And it's funny, it's supposed to be like, you know, satire and they're making fun of it. And Dwyane Wade's like, this doesn't make me look good. We have to make me look better, right? And he's talking to the editors. As much as that is comedy and they're trying to joke about it, a part of it is that, hey, 60 Minutes, can you edit this this way? So I give a stronger answer on Netanyahu versus the answer that I gave, cut that one and put the better one in there?

• 1:04:05Speaker 01

  Podcasters are not gonna do that.

• 1:04:06Jack Selby?

  That is interesting. It made, it reminded me of actually, so we've had a lot of people on the left, a lot of people on the right on our show. We've been requested one time to cut out some of the conversation and that came from somebody on the left. Never, never heard anything like that from anybody on the right.

• 1:04:22Speaker 01

  We just had the recent one with The Rock. When I put The Rock's interview, I asked him a lot of questions about, I said, who do you think your followership is? You think you're more, you think they're more conservative or more on the left? I said, because you're pro military, right? Conservative. Moana is a family movie, conservative. You're WWE, conservative. You're badass, conservative. Working out, conservative. You know, all the, you're conservative. I said, you know, most like, have you guys ever broken on the audience? So we do the interview. Afterwards, I have a call and I get an email. You gotta cut these 18, 18, 19 minutes. And I lost it. We're at dinner at the Casa di Angelo and my dad is at dinner. This is the

• 1:05:06Speaker 01

  day that my dad's sister passed away. And I took my dad to dinner because he was, he was going through it and my oldest son was there. I'm like, I'm not doing this. Da, da, da, da, da. Now, respect to Dwayne. I said, Dwayne, here's what's going on. And I'm telling you, if we cut this, this is a bad look. He says, give me 24 hours. We talk. He says, Pat, put the whole thing out there. I have no problem with the interview. And then the audience was able to enjoy the interview when we're talking about politics. It's uncomfortable because this guy's the most famous guy in Hollywood. 600 million followers. He's got like 500 million followers on Instagram, right? How many guys in that space are like The Rock?

• 1:05:49Speaker 01

  That will call me directly and say, hey, let's do this? Most of them are protected. It's a very weird space. Most people are walking on eggshells. These famous people are walking on eggshells afraid of what to say. And that's why guys like Joe are winning.

• 1:06:05Graham Stephan?

  But really quick, you might have noticed that since last year, the Iced Coffee Hour has grown substantially. We've passed 1 million subscribers. We've had big guests on like Jordan Peterson, Michael Saylor, and Ben Shapiro, and we're even about to pass a billion views. The point is, a lot has changed over the last year, and if you have a growing e-commerce business, it's probably been the same for you, too.

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• 1:06:39Jack Selby?

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• 1:06:51Graham Stephan?

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• 1:07:00Jack Selby?

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• 1:07:06Graham Stephan?

  So go to shipstation.com/ICH to sign up for a free 60-day trial. Shipstation.com/ICH with the link down below in the description. Thank you so much, ShipStation, for sponsoring this episode, and now let's get back to the podcast. But you know what? Before we go into that, you have to ask yourself, what makes a leader stand out? Because it's not just about taking charge, but about setting new standards and embracing bold moves. That's why if you lead by example and live with passion, then our sponsor, the Range Rover Sport, is made for you. Every model of the Range Rover Sport offers a unique blend of dynamic sophistication and sporting luxury. It's where refined elegance meets visceral power. With focused on-road performance and world-renowned off-road capability, this vehicle rises to every occasion.

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• 1:08:20Jack Selby?

  Let's talk about a few more personal things. So you've mentioned that you're a minority owner in the Yankees. They're in the World Series, so congratulations. I know, I'm sorry. I know, I know.

• 1:08:29Speaker 01

  You have to realize, sports to me is emotional. I love sports. You know, I love the game. To me, baseball is spiritual. You go on the field. There's something very unique about baseball.

• 1:08:40Jack Selby?

  Now, I'm guessing that a lot of this contract is behind NDAs and stuff like that. How much can you talk about your ownership of the Yankees? I'm curious to know, what's the ROI?

• 1:08:50Speaker 01

  Very good. Are you kidding me? Oh, I made, uh, whatever the Forbes return is for sports teams, that's what everybody follows. I'm the number I'm gonna say is 14%, right? What gives 14%? A lot of stuff gives 14%. Yankees did last year, well, my equity, okay?

• 1:09:08Graham Stephan?

  Now, could that also be because the stock market's gone up?

• 1:09:11Speaker 01

  You're right that the market's gone up, but that's not really the case. It's it's a non-duplicatable asset. You don't have, go on the stock market and buy share of the Yankees today. When that happens and you got the money, go in, because that's the number one organization about over any. You don't get into the Yankees, right?

• 1:09:32Graham Stephan?

  Do you get a cash on cash return, or is it that you just lock up your money and eventually?

• 1:09:37Speaker 01

  That's right. Some teams you do. Some teams you get dividends. Of course you can sell it. By the way, just think like-

• 1:09:43Jack Selby?

  But it's hard, because you have to get the buyer to have clearance and-

• 1:09:46Speaker 01

  Yeah, but but do you remember when Shamad put the tweet about when he put $25 million in Golden State? What happened 10 years later? Have you ever seen this tweet?

• 1:09:54Graham Stephan?

  No.

• 1:09:55Speaker 01

  He bought it in 2010 for $25 million. So 25 on 450. Now, the team is worth 5.6 billion.

• 1:10:05Speaker 01

  So you know that 25 million made him $250 million. Eventually, I'd like to be a majority owner of a team. I love baseball. I don't know if it's gonna be the Yankees, because I don't think they're gonna wanna sell. And Yankees is gonna be the most expensive one to be a majority owner. I think I would make one, uh, I think I'd make a good owner with our leadership team, because we love the game and there's pride behind it. It's not just a business decision. We actually love the game. We'd fly back and forth if it's the Yankees or a team here, and we do some creative things, but-

• 1:10:35Speaker 01

  I no longer have to go to a second background check if I choose to become a majority. If I choose to go from a minority to a majority, I would have to sell 100% of shares that I have of the Yankees, if it's not the Yankees, to be able to get the other team. But now MLB knows who I am. I don't need to go through a background check.

• 1:10:51Graham Stephan?

  Why don't they go public or any sports team for that matter? And then, then you could trade the teams as you would stocks in terms of like which ones are most

• 1:11:01Speaker 01

  Well, someone did that. There's somebody that did that, that you can actually buy shares of a team right now.

• 1:11:05Graham Stephan?

  They've just started doing it with esports teams and they're terrible investments because it's, they don't make money, but sports teams do.

• 1:11:13Speaker 01

  I can tell you the Yankees investment has grown exponentially.

• 1:11:17Jack Selby?

  That's, I wouldn't have guessed that too. That's fascinating.

• 1:11:20Graham Stephan?

  How, what's the minimum investment to be able to buy into a sports team like that?

• 1:11:24Speaker 01

  What kind of a team? If you want to go, like, let's just say the, the Memphis Grizzlies, you can probably get in at 5, 10 million bucks. If you want to go to Dodgers Yankees, 40 million bucks cash to go through something like this. Because it's Yankees. They don't want a lot of owners. They don't want 600 names. They want 20 names. They want a few names and they want to make sure these are certain people that you're looking at that represents the brand. If somebody has the gravitas, all this others, it's Yankees.

• 1:11:55Jack Selby?

  On the topic of your own personal investments, you've also mentioned that your net worth's like 500 million bucks. How would you divide that up? Where, where's the money located? Is it like, what percent gold, maybe Bitcoin?

• 1:12:06Speaker 01

  So we just bought an 11 acre building, cash, 25.2 million dollars. On the airport, two hangars. Brian Spank, you know, this property was bought in 2018 for 25 million. Guy put $7 million of upgrades and then he went away. He got in trouble because of a government fraud, something he did. 130 million dollars and this went into the bankruptcy court. And there was a auction and in the auction, there was 4,400 people that were interested in the property. 131 that signed the NDA. And then there was the auction on the Zoom. There was like 40 people in the room. And you had to put a million dollars to be able to bid. And if you don't complete it, you lose a million dollars.

• 1:12:48Speaker 01

  And then when you do compete and you're the winning bidder, you have to give them cash within two weeks. Within a week, we cut the check, we wired the money over to them, got the keys, we moved in. We're gonna build our entire, right now, we're building three buildings on that land, each hundred thousand square feet to us, two thousand employees. It's, it's, I mean, you gotta come see what the place looks like. We're gonna build one of the biggest holding companies in the world. Right now, our consulting firm is growing exponentially on the amount of clients that we're managing. Bedavid.com, bedavidconsulting.com. If you go to bedavid.com, it'll explain our five by five rule on the bottom of the website. Uh, there's a 22 minute video worth watching. So we're consulting for a lot of different organizations right now, companies from 60 plus countries.

• 1:13:31Speaker 01

  So the consulting firm, it's a, it's gonna be a behemoth because we're, this is, and we're not MBA people that got a degree and I'm telling you what to do. Everything we're teaching you or sharing with you, we've done. Raising first round a million, then 10 million, then 35 million, selling a business for a quarter of a billion dollars. Hiring 2030 C-suite executives, all the mistakes you make in HR. Technology, making the investment in technology to increase the EBITDA from 5X to 15 to 20X. All of these things you're going through, we share that with you. You may come in and say, well, how do you balance that out? We're creating a marketing brand or podcast or this or that. There's nothing I'm sharing with you that is lip service theories from a book. So when you come in, we'll literally sit there and say, let me show you our YouTube channel. Here's what we're doing. This is what failed. This is what worked.

• 1:14:16Speaker 01

  Here's how much money we're spending with this. This is what we're doing with this. So that's that part. So aside, last time when you and I spoke, when we talked about cash, I said 200 million dollars, you remember? I think this was like, uh, this was the first one you and we did. Yeah, this was two years. Right, when you had how much cash and all this stuff. There's been multiple events since then. And Manect has grown in ways, I don't know if you guys are on Manect or not. Manect has grown exponentially with what we're doing with the app. I have right now nine unanswered Manects. Yesterday I did 56 Manects, okay? And I will literally, matter of fact, let's do a Manect right now on video to freak out the attendee, the person. Good evening Patrick, as I've been resident in San Antonio over the past decade, I've had the opportunity to connect with some very successful individuals, both politically and leaders in business.

• 1:15:00Speaker 01

  Can you give me five questions that you would ask? I'm going to come to you to give them a question. Key individuals, as you were strengthening your business and connections with them, I only have a few moments to visit them. So then, he is paying 240 for this video. Talent's going to make 80%, Manet keeps 20. So five questions you would ask these people to build a different relationship. I'm going to go here. Boom. So Justin, you got lucky because right now I'm doing a live podcast. Graham Stephan.

• 1:15:28Graham Stephan?

  How's it going?

• 1:15:28Speaker 01

  We got our friends here that we're doing a podcast. They're very good interviewers. This is our third time we're doing it with them. Five question. Graham, what would you say if you're building a relationship with new business owners? What questions would you ask them? If you're trying to network with them?

• 1:15:41Graham Stephan?

  I always like knowing what your biggest regret is. Because you could usually think of one really quickly that stands out. And I think that tells you a lot about the person, what they would change, if anything.

• 1:15:51Speaker 01

  There you go. Uh, for me, the more you're interested in them, instead of trying to be interesting. Sometimes like I had a guy the other day comes to want a 30 minute meeting with me. 29 minutes he's talking about himself. Walked away, he got nothing. And I don't mind that because I'm interested. So I want to hear you. But if you go like Sam Walton, I'll give you a story. Many years ago, uh, found out about a market, uh, in Brazil. And these guys wanted to come to him to see what he was doing with Walmart. They flew out, he picked them up in a truck. They spent an entire day with them. The entire day when the interview was, when the time was done with these guys, they said, so what'd you learn from Sam Walton? He says, all Sam did for eight hours is ask us questions. Quite frankly, I know nothing about what they're doing.

• 1:16:35Speaker 01

  Be interested, not interesting, in that long ways. You'll not only learn a lot, but they'll like the fact that you're interested in them. Anyways, God bless everybody, take care, bye bye. So, this video is gone. I'll use this video. If he makes it public for other people to see it, I'll give him a 10% discount. Submit it. Gone. 240 bucks. Manect. This thing has grown. In our first year when we came out with this app, Manect, we did 28 completed Manects four years ago. Second year. We did. 255. Third year, we did 2550. This year, we're at 36,000 completed Manects in 2024.

• 1:17:17Speaker 01

  And we have a whole engineering team with this that's grown, the downloads, all the stuff that's going on. Manect is going to be a combination of Duolingo, which I'm sure you're familiar with Duolingo. GLG, Cameo, LinkedIn, and WhatsApp. All of those features, we're working on right now with the engineers we've hired. So you got the consulting firm, you got Manect, we got VT News.ai, you got PBD Podcast, and a few other businesses that we're running. All that valuation right now, you can put it between 300 to 400 million dollars, all those businesses.

• 1:17:44Jack Selby?

  And where are you investing personally?

• 1:17:46Speaker 01

  In whatever I'm operating. Of course, I have what I've set up for my family. Certain funds I'm looking at where. Uh, I'm not picking stocks. I have a couple million in Bitcoin, not a lot. Um, I have. A half a million to a million, I think something like that in Ethereum, again, not a lot. I have 10 to 15 million dollars in collectible cards. And then I got the money in the Yankees. I owned around. 50 million dollars in commercial real estate, 50, 60 million dollars in commercial real estate. Our house has a lot of equity and it's a 40 million dollar property. And then I still am one of the biggest shareholders, Class A shares in the insurance company

• 1:18:29Speaker 01

  that bought us, have a lot of shares in that. And then everything that I'm operating. And throughout my career, I've made some good investments that have done pretty well for us.

• 1:18:38Jack Selby?

  What's your favorite baseball card you have?

• 1:18:40Speaker 01

  Favorite baseball card, okay, so I mean, 1933 Babe Ruth Gaudi PSA 8, love that card. Uh, Ted Williams rookie card, Joe DiMaggio rookie card. Uh, a Patrick Mahomes one of one. That's probably a 2 million dollar card, it's a sick card. I have a Zion Williamson card. That you'll hear about when I sell it, it's going to be a big card. And I'm talking like seven figure plus type of a card. Well, you know about the offer I made on the Mickey Mantle PSA 10, do you know about that or no?

• 1:19:11Jack Selby?

  But that, that's crazy.

• 1:19:12Speaker 01

  I made a, there's three of them in the world. And I made a nineteen million dollar offer to buy that card and they turned me down. Yeah.

• 1:19:21Graham Stephan?

  Which, which Mickey Mantle is it?

• 1:19:22Speaker 01

  It's a Mickey Mantle nineteen fifty-two Tops PSA ten. I made a nineteen million dollar offer. Who owns it? One guy that owns it owns the Diamondbacks. Another guy that owns it bought that car for one hundred and twenty-five thousand dollars in nineteen ninety-four. And another guy that owns it is a big card investor in the game. Yeah, trust me, I know.

• 1:19:41Graham Stephan?

  Where would you, how, how would you have framed that? Like a Mona Lisa, like bulletproof glass, like ten layers?

• 1:19:47Speaker 01

  I would love to have the card. I'm not overpaying for the card. I'll pay, I'll overpay a little bit on the market because you gotta do that for a card like that. But not the number they're asking me. But if I did buy it, I'm never gonna sell that. That's something that's gonna be in the family for God knows how many years. Now, that's a Mickey Mantle PSA ten.

• 1:20:04Graham Stephan?

  PSA ten is crazy.

• 1:20:06Speaker 01

  Talking about like the holy grail of cards.

• 1:20:09Graham Stephan?

  So I'm curious, where do you see the next big opportunities over the next five to ten years? And if you were starting over today with nothing and your goal was to get a million dollars, what would you do?

• 1:20:18Speaker 01

  Uh, what is my, so that, that question is loaded because I don't know my skill set. So one, I'm gonna assess you based on star. Are you an organized person? Are you a technical person? Are you a competitive action oriented person or are you a relationship person? So those are your strengths. Now, let's go to the other side. Are you a math person? You know, where you're super, super data? Are you a person that is, you know, kinda quiet to yourself that you're willing to sit there and learn how to code and do all that other stuff? And you're just enamored by building video games and undoing computers and building back up? It's a different strict, uh, skill set. Are you, my youngest son is so comf, if he came here, he would talk to you like he's just a regular guy. He would talk to you like you guys are boys.

• 1:21:02Speaker 01

  He's super comfortable talking to anybody. I mean, you know, he saw Trump, talks to him, he saw Tom Brady, hey, throw me the ball, I wanna play catch with you. Saw Kobe, talked to Kobe for fifteen minutes. He's just not intimidated by anybody, especially with all these figures that he's met over his lifetime. He's a natural sales guy. He can go sell, he's gonna do very good. He's gonna be selling merch next week at our, uh, election night. He's gonna be one of the merch salespeople at eleven years old. So I have to know what your strengths are. For me, I learned very early on, I love math and numbers. I love people and I'm very curious. That is a perfect quality for a financial advisor. So it's very easy to profile to kinda say, this is what you're gonna do, get in. But if I see somebody that hates numbers. Doesn't like to talk to people and is not that curious?

• 1:21:47Speaker 01

  And you just want to kind of sit there and code and do something? Yeah, I can't give you the same thing. What I will tell you that's evergreen for everybody, no matter what it is. If you want to be a coder, if you want to be a salesperson, if you want to be anything. If you can find five killers that you can go work for. And if you want to be a great podcaster, how much would you benefit from working for Rogan for a year? What do you think? How much would you benefit from working with Jamie? The, the value is on who you work for. A year, two years to learn. Market's gonna pay you what the market's gonna pay you. But if you want to say million. Uh, to me, easiest way to do the sales.

• 1:22:25Graham Stephan?

  I'm gonna ask you a few questions that I guarantee you've never been asked before.

• 1:22:29Speaker 01

  Let's hear it.

• 1:22:29Graham Stephan?

  These are very interesting. These are hypotheticals.

• 1:22:31Speaker 01

  Okay.

• 1:22:32Graham Stephan?

  The first one is called the employee who cheats.

• 1:22:35Speaker 01

  Okay.

• 1:22:35Graham Stephan?

  You discovered that a high performing employee is cheating the company, but is bringing in significant profits. If you fire them, the company might suffer. Do you report it or keep it quiet?

• 1:22:46Speaker 01

  What kind of cheating is it?

• 1:22:47Graham Stephan?

  Let's do the example of an employee who's stealing money.

• 1:22:49Speaker 01

  Okay, so let me give you a couple of stories. One time I had one of my, one of my guys that was working for me many, many years ago. And they were reporting some things. In ways that I did not approve to make things look better for them. I had a very direct conversation with them. Sat them down, told them, you don't need to do this to impress me. If you ever do this again, this is the last chance you're getting. You're getting fired if you do this ever again. It was innocent. It was not illegal. It was innocent. I said, you can't do it. It never happened again. We had another person that was, this one's an awkward one because it was our neighbor, who we used to go to Bible study with this person.

• 1:23:32Speaker 01

  That person's daughter, they said, can you please give this person a job? We did. This person came and worked for us. And they wanted to get paid in checks. It was the only employment. Like, why do you want to get paid in checks? I don't want to get a direct deposit. I don't want any checks. I'm like, okay, whatever, paychecks. So they're with us for three months, front desk clerk. Three months later. I get a report. Chase calls me saying, hey, fraud, fraudulent activity going on with such and such employee. You have an employee that's, uh, done X, Y, Z from you. They've taken the same check and reprinted it and have gone in and have taken thirty five hundred dollars from you. And this was in California. Here's where we're going with them. Whether you decide to claim charges or not, we're going after them.

• 1:24:17Speaker 01

  And they're probably gonna go to jail. Okay, we're just informing you of this. I say, you gotta be kidding me. No, I made the phone call to the mother. And I said, I got some bad news for you. And you need to hear it from me before it happens to you. What's that? We're firing your daughter. Your daughter stole $3,500 from us. Whatever, 32, 3,500 dollars from us. And we got called from the bank. The bank reported it that it's fraud. She's gonna go to jail for fraud. And she's fired. I'm sorry to have to give this news to you because we're neighbors. But this is what's happening. The mother and the stepfather are in tears crying. Because the person she was with had done this before. And they were hoping that now she was a going to church that came started working for us.

• 1:25:02Speaker 01

  This habit was gonna stop. We fired him on the spot, no hesitation. Okay.

• 1:25:09Speaker 01

  The other thing I will tell you is sometimes you need to do a better job putting controls in place. So your kids don't do anything that gets them in trouble. Sometimes we make it easy for employees to do things that they get in trouble. So I used to bring in forensics guys. And I still do it till today and nobody knows. I hire forensics guys to come and audit the company cars that you have. You bought two books on Amazon that wasn't for me, you bought it for yourself. The forensics guys will identify all of that. Takes two weeks. You spend a couple hundred thousand dollars. But they're gonna identify who exactly is doing fraud and who's not. And unfortunately, when you do that, guess what you have to be ready for? They gotta have a few calls to fire them. And typically, the way it happens to save face, you go to them and you say,

• 1:25:53Speaker 01

  this is you? This was not for us or the company? Who did you buy this for? And within seconds, they break. You need to resign today. You're out. We wish you nothing but the best. God bless. You can't do that here ever again. You need to move on. Insurance. We had a guy one time insurance. Um, him and his wife. Um, he was in Florida. She was in North Carolina. She was the licensed person. He went and sold an insurance policy in North Carolina to a client and he was not the licensed person. She was. And he was great. Very good communicator. Was making a hundred and twenty thousand dollars with us.

• 1:26:36Speaker 01

  One client called us and told us that she, the client, had never met her. I'm like, wait, what? I've never, she's a licensed person. Yes. He's not? Yes. You've never met her? No. You're serious? Yeah. Got it. Hey, guys. Emergency meeting. How many policies has this person sold? Fifty-four. Call every client and find out who sold to this client and see if they've ever met her. Out of all the clients, fifty percent had never met the writing agent who was licensed. It was all him. We called them, got on the call. They lied. He was the liar. He was a very bold liar. Was a great liar. Then at the end of the call, we showed it because we wanted to give him a chance to see if he was going to be honest about it or not. Nope.

• 1:27:21Speaker 01

  We terminated them, reported them to the Department of Insurance. They can never sell life insurance for ten years, whatever the timeline was. We've been in this compliance space of people trying to steal money from us for a long time and it's always nasty because it's a stupid mistake people make and thinking they're going to get away. Nowadays, there's plenty of technology to catch people.

• 1:27:38Jack Selby?

  You mentioned the importance of showing vulnerability to come off as relatable in terms of Trump. When is it okay to show emotion as a man? And when is the last time you cried?

• 1:27:48Speaker 01

  If you ask my wife, you can manect her, by the way. Jennifer Bedd David is on manect. Here's her QR code. Babe, I just gave you a shout out. If you just click on this QR code, which you can do.

• 1:28:00Jack Selby?

  You say relationship expert. What kind of topics?

• 1:28:03Speaker 01

  You know, a lot of people are better off asking my wife questions to see what it's like. That was, but specifically, like, people want to know what it's, ask my wife, she'll tell you a different thing. But my wife's probably gonna tell you she's not seen me cry many times. Uh, one time she saw me cry and it was very weird how uh, this one friend really uh, I was hurt one night when he died, Jim Pedrick. I loved Jim. I loved Jim a lot and he was a part of a biker gang many years ago. And him and I used to travel together and we would share rooms together. When I found that he died, I went to his funeral. I didn't cry, but two months later in the middle of the night at midnight, for fifteen minutes, I just had to step away. I'm like, what the hell are you going through? I really miss my friend, Jim Pedrick. And I love Jim. That really uh, um, hurt me a lot. But if you tell me the most recent time,

• 1:28:48Speaker 01

  was Lewis Howes, when he asked me the question about what if you lost it all and it was God? I don't even know what happened that day. I didn't have anything weird that happened to me that day. But he asked me that question. I'm like, whoa, what was this all about? Because I, I am a very, very lucky man. For the life I'm living today, I'm super grateful for where I'm at, for the responsibilities I have, for my family, for living in America, for the industry I'm a part of, for the fact that I build a business that people like working with me and the fact that we've been able to compete and do certain big things in life. I'm, I'm very grateful for that. So I would say the last time I cried, was the Lewis Howes interview. When he asked me about God. But I'm not a, a big crier.

• 1:29:34Speaker 01

  When it comes out, it really has to be something that really gets me to break.

• 1:29:37Graham Stephan?

  That's fair. Uh, one last one, cause we know you have to go. It's a bit of a controversial question that's going on social media. If you rank importance of your mom, daughter and wife in order, who comes first?

• 1:29:52Speaker 01

  You know, that's a cultural question because the question used to be if you're on a boat and it's your mom, your daughter, your wife, you can only save two, who do you throw off the boat?

• 1:30:06Speaker 01

  That's a, that's a

• 1:30:07Graham Stephan?

  Funny, I've never heard this.

• 1:30:08Speaker 01

  Oh, yeah, yeah, that's, that's a question that we used to debate 20 years ago. And you would hear Hispanics most often would save the mom's life. Because it's who that means the most to them. Americans choose wife. I'm gonna save my wife, cuz my mom's already lived her life and my wife and we can have more kids. And, you know, you can give the trick answer to say, I'll jump off with my mom and I'll try to swim. You trying, you can get creative, but you're trying to corner somebody to make the answer to the question. It's purely a cultural question to answer. And to me, the kid hasn't lived their life yet. That kid's gotta have an opportunity for life.

• 1:30:50Speaker 01

  And the rest of us have lived life already. I want this kid to experience life. If I've lived 46, that's 46 more years than my kid has lived. Go ahead and give that kid the opportunity to live the life. I'm okay. By the way, today, I'm 46 years old. I have lived a life of 100 average men combined. Not in an arrogant way. Also, the nasty side, the ugly side, the tough side. I've lived an incredible life. If today I'm gone, you have no idea. There's no complaining. I'd like 50 more years. But if he says, no, it's done, dude, let's roll. I'll go upstairs and play backgammon with whoever's there and I'll go clean some clouds and chill out and what job you have for me up here? I don't know if there's podcasting in heaven.

• 1:31:35Speaker 01

  If there is, I'm sure I'll do a podcast. I don't know if I'm selling insurance because you don't have any need for life insurance. You're already dead, right? So it's gonna be confusing what I'm gonna be selling. But, uh, yeah. It's a cultural question you're asking and that's my answer to that question.

• 1:31:48Graham Stephan?

  Thank you so much. And we'll do this again next year?

• 1:31:51Speaker 01

  Yes, it's a tradition now. You guys are grown. You guys are doing phenomenal. Thank you, guys.

• 1:31:55Jack Selby?

  We'll link Manect down below in the description. I kinda wanna join Manect. That sounds kinda fun. I like talking about podcasts. Graham might join Manect.

• 1:32:01Graham Stephan?

  I am on Manect, by the way.

• 1:32:03Jack Selby?

  You're on Manect?

• 1:32:03Speaker 01

  As an expert or as a user?

• 1:32:05Graham Stephan?

  Um, I thi- I think as an expert. I signed up a year ago.

• 1:32:08Speaker 01

  But we'll get you guys situated and I'll get your feature.

• 1:32:10Jack Selby?

  Amazing. Thank you again so much for coming on the show.

• 1:32:12Speaker 01

  Thank you.

• 1:32:13Graham Stephan?

  Until next time.

• 1:32:20Speaker 00

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