Dan Peña - The Brutal Truth About Wealth, Power, and Weak Men

Dan Peña returns to London Real after six years to talk focus, accountability, AI, seller finance, Bitcoin and why he believes most people never take enough risk. 💰 Source hot AI deals in our Investment Club https://lr.academy/ai-investment-club/?utm_source=podcast&utm_medium=shownotes&utm_content=39682090&utm_campaign=ic 🏦 Invest in luxury Dubai property https://lr.academy/property-investment-g/?utm_source=podcast&utm_medium=shownotes&utm_content=39682090&utm_campaign=pc 🍿 Watch the full interview with chapters and transcripts for free https://londonreal.tv/dan-pena-the-brutal-truth-about-wealth-power-weak-men/ Chapters 2:24 Brian introduces Dan Peña 3:46 Guthrie Castle and accountability 5:13 Focus and the mood in America 12:30 Weaker students, better results 16:13 Why he thinks the West is weaker 21:53 Is college still worth it 29:46 AI and the future of jobs 33:33 Fixing the Catholic Church's finances 43:06 Supporting the Missionaries of Charity 54:42 Dubai versus London 1:11:25 Can the UK turn it around 1:23:38 From $50 billion to trillions 1:29:21 Boxing and facing fear 1:43:27 Bitcoin and volatility 1:59:07 Is this really for me 2:05:21 Self-esteem and risk-taking 2:37:00 Starting over and leaving Bear Stearns 2:43:17 Where to start with QLA 2:51:50 Seminars, podcast and business in Dubai

• 0:01Speaker 00

  If somebody came up and slapped you, what would you do? The only answer is you had a brick and you'd beat his fucking brains out.

• 0:06Speaker 01

  You're telling me a lot about fear, Dan. I wouldn't have been in the ring without you. I wouldn't run for mayor without you. I wouldn't have a lot of things without you. Because I now look at fear as something I need to engineer into my life.

• 0:16Speaker 00

  Man's greatest burden is unfulfilled potential. 95% of the things we worry about never happen. I've lost 800 and plus million dollars in my life. And I made it back. But most people are worried that they can't make it back. So as long as they don't cut my fucking tongue out, I'm not worried about making more money.

• 0:31Speaker 01

  What's your number right now? Because it's a lot more than a trillion, isn't it?

• 0:34Speaker 00

  8.6.

• 0:35Speaker 01

  And it's gonna keep going up?

• 0:36Speaker 00

  Yep.

• 0:36Speaker 01

  What do you think it'll be in 10 years?

• 0:38Speaker 00

  When Trump stays in office, the sky's the limit. Can't quantify it.

• 0:41Speaker 01

  You've been big on cybersecurity the last five years, but now you're talking AI.

• 0:45Speaker 00

  10 to 20 years from now, all jobs are gonna be replaced by AI. I don't care if you're a plumber and your website put AI at the end. If you're not in AI, go home. There's a lot of money to be made.

• 0:56Speaker 01

  Dan, what if there's someone listening? They would say to themselves, "I am a cunt to say your terms, and I need to change myself if I want to get something out of this life." How can they do it?

• 1:06Speaker 00

  You have to learn to be comfortable being uncomfortable. You gotta have a driving force. If you don't have a driving force, and if you're only gonna try, you're gonna fail. What are you gonna tell your grandchildren 25, 30 years from now? What did you do during the greatest transformation of wealth in the history of the planet? Well, what are you gonna tell them?

• 1:29Speaker 01

  Hi, it's Brian Rose from London Real. You probably know that we've just recently been replatformed on YouTube after 25 months completely in the dark. The truth is, I really need your help. What I really need you to do is click on that subscribe button right now, like this video, and maybe even leave a comment or share the link with friends. We're really fighting against an algorithm that's tried to keep us quiet for so long. And the more subscribers we have, the more people watch our content, the better guests we can bring you, the better content, and we can continue transforming lives. We've been doing this for 14 years now. I want to do this for another 14 years, but I really need your help. So click on that subscribe button,

• 2:14Speaker 01

  like the video, leave a comment, share this, and we're gonna continue to bring you more and more great content. Thank you. This is London Real. I am Brian Rose. My guest today is Dan Pena, the High Performance Business Coach, founder of The Quantum Leap Advantage, and one of the most uncompromising voices on finance, discipline, and personal accountability. For more than three decades, you have taught people how to build generational wealth from nothing, how to construct businesses that actually scale, and how to remove the emotional weakness that stops most people before they ever start. Thousands have trained with you in person, millions have done so virtually, and the impact can be measured in the trillions of dollars. You are a defining force

• 2:59Speaker 01

  in the history of London Real. From our groundbreaking first interview released Easter of 2014, to my time at Your Castle Seminar later that year, to our feature-length documentary film, The $50 Billion Man, to our live events at the Ritz and beyond, and through many multi-hour conversations that have reached tens of millions of people around the world. Today, I want to get your thoughts on the global wealth reshuffle, the geopolitical tensions pushing the West towards instability, the rise of AI and automation, the disruption of money through crypto, and what people must do now to stay competitive in a world that no longer tolerates hesitation and emotional softness. Dan, welcome back to London Real.

• 3:38Speaker 00

  Thank you very much.

• 3:39Speaker 01

  It's been six years.

• 3:40Speaker 00

  Yeah, six years. It's been 11 years since the start.

• 3:43Speaker 01

  I know. Where you been for six years? Were you boycotting me?

• 3:45Speaker 00

  No, no. I mean, as you know, I mean, the seminar I give now, I only give at my home, Guthrie Castle, and I still speak pro bono at universities, and I'm not going to stop that. I've got a couple of new leaves to extend my table, or my runway, so to speak, and I'm still busy. I'm involved directly in 26 companies, indirectly in about 100, and I keep the kids, which you know, I call everybody a kid because I'm either your grandfather or your father. I keep the kids on their toes, and I do my best, which is better than 99.9% of anybody else,

• 4:29Speaker 00

  to keep them accountable. Almost all the things you just mentioned, okay, the answer is accountability.

• 4:37Speaker 00

  There was a, oh, not a book. I think, maybe Mrs. Gates, Bill's mother, wrote a book about when she had Warren Buffett over for dinner, you know, 40 years ago. And they were sitting around the table, and Warren's there, Bill Gates Sr., his dad the lawyer, and Bill, and so there was a long conversation, and his mom said, "What would you..." and she didn't point the question either at Bill or at Warren. "What would you say is the single one, a single thing, using one word, for your success?" They both said at the same time, "Focus." And what I've said for 50 years of my career, and 33 years of coaching, the guy, or gal,

• 5:19Speaker 00

  or it now, that gets laser beam focused first, stays laser beam focused longest, wins most. And it's about focus, and focus is the answer to almost all those comments that you made. The president is focused. He's not just focused on getting even with the people that fucked him around. Nobody has won an office in politics around the world, I believe, that didn't get as much shit as he got, okay? And he's still there. And I wouldn't bet against him being a president again.

• 5:47Speaker 01

  In '29?

• 5:48Speaker 00

  Correct.

• 5:49Speaker 01

  You're predicting Trump will still be in that Oval Office?

• 5:51Speaker 00

  Yep, just as I predicted, won negative oil in 2020. Just as I predicted that he was gonna bomb Iran, and he bombed Iran. To say he thinks outside the box is an understatement, a biblical proportion. He doesn't even have a box. He thinks out of the stratosphere. And so whatever you think absolutely he cannot do, he will do. Now, I'm told, I have no absolute proof about this, but he's got people that are backing him, haven't told him, they're working on changing the Constitution. With their money, not his money, not the government money, with their money, so he can run again. So, we'll see. I told you just before we went on air, my career has been lengthened, my runway has

• 6:36Speaker 00

  been lengthened, due to President Trump. Because 75% of the things I agree with, 25% of the things he does, I wouldn't do, the way he does them. But he's president, I'm not, okay? So, and he can get away with... I wanted to say murder, but he can get away with anything because he's the most powerful guy on the planet. So.

• 6:57Speaker 01

  How is he extending your runway? Because he's gonna lower rates because he's pumping investment?

• 7:01Speaker 00

  Because.

• 7:02Speaker 01

  It makes it cool to be brave again.

• 7:04Speaker 00

  Correct. I haven't seen the buzzes in New York City since the 80s.

• 7:09Speaker 01

  What, walking around there?

• 7:10Speaker 00

  Well, I mean, people are walking like on skateboards, you know, from back from the future. People are, you know, you're not ashamed to make, well, when I was there, if you made two or three million dollars, you got your balls busted. You're not ashamed to make 20, 30 million bucks now a year. And some of the guys, we had a hedge fund guy that came to the seminar in November. Uh, he was deciding whether he was gonna make 21 or 31 million dollars a quarter. Okay, and whether he was gonna push it into the next year, this, that. People were afraid to say that.

• 7:39Speaker 01

  Right. A year ago, you couldn't say that.

• 7:41Speaker 00

  Correct.

• 7:42Speaker 01

  But now you can again.

• 7:43Speaker 00

  Correct.

• 7:43Speaker 01

  Because it's cool now to be bold and brave and boisterous.

• 7:47Speaker 00

  Yeah.

• 7:47Speaker 01

  Right.

• 7:48Speaker 00

  Yeah, and it's, it's not unheard of now to have other people other than myself, uh, have their alligator mouth overload their hummingbird ass. I mean, uh, I fucked up. I made a mistake. It costs 6 million dollars. So what? I made you 80 million last quarter. They used to say that in the 80s, smaller numbers. But now you can say it again in 2024, 2025, and going into 2026 for sure.

• 8:11Speaker 01

  Isn't that incredible that one guy can change the whole vibe of the world in 10, 12 months?

• 8:16Speaker 00

  But what the, the opposite side of the coin, they're saying, so did Hitler. And so did Mussolini. So did Mousy Tongue. So did Stalin. And obviously, there's some truth to that.

• 8:29Speaker 01

  How do you rate his first 12 months?

• 8:31Speaker 00

  I think he's done great. Yeah, yeah. I thought that he would do a little more. Uh, but he, he's got, uh, he's, he's got a balancing act. We have a balancing act. It's our emotional bank account and our financial bank account. His balancing act is different. I know he wants to get even. Okay, in some cases, I don't blame him, but he's gotta run the fucking country.

• 8:53Speaker 01

  Right.

• 8:53Speaker 00

  And he's responsible for a lot of the things, i.e. NATO, etc. Uh, so he's got a balancing act. And most of these guys, he thinks are wusses that are running these countries. And they are, you know? Uh, the same thing, it's like I attended a Ford Foundation board meeting decades ago with Governor Hugh Carey, former governor of New York, who was on the board. And we sat down and we had been tuned up drinking too much at lunch. And so there was something that came up about child education. They were gonna table it to the next meeting. Fifteen months later, I'm at this board meeting again with Governor Kerry tuned up. The same fucking thing comes up. And they're gonna table it again. That's how the corporate world is, was then, is now, and probably forever will be.

• 9:39Speaker 00

  Because nobody wants to be on the hook. Nobody wants to be able to, Brian Rose did this, or Brian Rose approved this, or Dan Penny approved that. Or the investment committee that Brian Rose and Dan Penny are, approved this. Nobody wants to take that heat now. But it's been like that for decades in corporate world. And one of the reasons that he's got so much done in Manhattan when he was in the business, whether he started with four million or four hundred million, depending on which story you wanna be, believe, is that he went down there, he'd go down there and have people sit in the, in the counselors or in the county offices and push the shit through. Did he buy them lunches? Did he take them on golfing retreats? Maybe, okay?

• 10:20Speaker 00

  But up until 2006, those kind of bribes were legal in the European Union. It's only since 2007 they're now called illegal and bribes, you can't do it anymore. But if you've got a sales staff, IBM has been working for twenty years, that have been taking people for ski weekends to Zermatt for twenty-five years, and all of a sudden you can't do it, or you can't write it off, is that gonna change anybody's habits? Probably not. So, I mean, and he's dealing with a lot of that, and he's dealing pretty well. I wish some of the cabinet members were a little tougher. I'm told that the guy, which is his czar, that is negotiating with the Middle Eastern guys, fuck is his favorite word. Whitkoff. Whitkoff, that guy. He was a very successful billionaire developer.

• 11:03Speaker 00

  And apparently Kushner, although he's supposedly a devout Jew, likes to say fuck and cunt too.

• 11:12Speaker 00

  You didn't go to Harvard, you went to MIT. A study came out, beginning of 2024. Harvard spent 10 million dollars on this study. The people that use swear words are more effective. 10 million fucking dollars. It's a joke.

• 11:30Speaker 01

  You've always said that.

• 11:31Speaker 00

  Yeah, well, I always said that, yeah.

• 11:32Speaker 01

  What do you think Trump, you said he could have done more. What more could he have done? Just pushed harder? Cabinet members that push harder? Because, man, he's working hard.

• 11:40Speaker 00

  He's been soft on Putin.

• 11:42Speaker 01

  Okay.

• 11:42Speaker 00

  He likes Putin.

• 11:44Speaker 01

  Right.

• 11:44Speaker 00

  And he thinks, up until just recently, that Putin likes him. Putin doesn't like anybody.

• 11:49Speaker 01

  Right, he's just playing him.

• 11:50Speaker 00

  Exactly.

• 11:51Speaker 01

  Right.

• 11:51Speaker 00

  I would have pushed hard on Putin. Or the people that were pushing on the people that pushed on Putin. We had a son of an oligarch come to the seminar last year. Or this year now, this year. Remember, I trained six of the nine oligarchs in the early 90s. But, okay, well, their sons are coming back to seminar now. And he says, "Thank you for not using..." Nobody knows his dad's name, so thank you for not telling anybody who I am. And he said that the people that are under Putin, that could take over, something happened to them, are worse than him.

• 12:26Speaker 01

  That's what I hear. Yeah. Yeah, he's the good one.

• 12:29Speaker 00

  Yeah.

• 12:30Speaker 01

  Yeah. Well, I hope this gets settled. It looks like Trump's trying to push it through. But I guess we'll have to see what happens. You just had a seminar. And I asked you, how was the caliber of the kids? And then you kind of told me, and then you said, "We're fucked."

• 12:45Speaker 00

  The kids are worse, but their results are better.

• 12:48Speaker 01

  Okay.

• 12:48Speaker 00

  Okay, and the results are better because, you know, even Father Time here moves with the change. And so, starting about three or four years ago, we started experimenting, testing, blind testing, using those fancy words. And what we got the best effects with. Before, I'd wait three, four, five years to see how you did. Now, I wait three, four, five months. Okay, and you questioned me when I came in. You had one live guy there. No, I had two live guys. Actually, I had three. I had one on webinar live, on the webinar. And we had two that were live in person. There and they just suck it up.

• 13:28Speaker 01

  Right, that makes the difference.

• 13:29Speaker 00

  Oh, yeah, and the, we use webinars a lot more than we did before.

• 13:34Speaker 01

  Yeah.

• 13:35Speaker 00

  And, you know, they like to see a guy that looks like them. One of the favorite webinars is a guy, Belgian Waffle, one we call, he looks like a librarian. Okay, but he's a librarian that's got about fifty, sixty million euros now after four years. And he wouldn't say, to look at him, if, if, if you were a terrorist on, on, on a bus, he's the last guy you worry about, striking back. And he has, he's done terrific. And, and the hardcore are very successful because we have a lot of successful people there. And we happen to have at the hardcore that he went to, we had a guy who's just about to sell his business for 500 million Swiss francs.

• 14:17Speaker 00

  Okay, he's been doing this five years, he's turning 30 years old. And, but what we're seeing more of that we didn't see before is people want to exit earlier. They want to exit, they want to be able to have a few years, 30 is nothing, we both know that, okay, okay, but they talk like it's the end of the world.

• 14:34Speaker 01

  He used to call me a kid at 42, 43.

• 14:36Speaker 00

  Exactly, and so the kids having more interface with past successes has really, not turned, turned the corner, but has shown people in this market post-COVID, because everybody was scared to death about Corona, which I call, I call COVID Corona. And we're doing better. And the real thing, one of the things in conjunction with the two things I just mentioned, is the fact now, we really pound seller finance. We just did a.

• 15:07Speaker 01

  Forget the banks for your first couple of deals, just seller finance.

• 15:09Speaker 00

  There's a, not a webinar, but a testimonial that's going around, is an Aussie ex-convict. He watched five videos, five videos, he went out and did a 2.4 million dollar deal. And he came to the last hardcore, and he says, and he's uneducated and he, and he sounds uneducated, he's not pretending to sound that way, he is that way. And he says, if I can do that, after five videos, and right now I'm here to tell you, he, he should have closed today a 20 million dollar mining deal. He offered him thirty million seller finance for a twenty million dollar deal. Remember, you name the price, I name the terms.

• 15:49Speaker 01

  Right.

• 15:49Speaker 00

  Okay?

• 15:49Speaker 01

  Yeah.

• 15:50Speaker 00

  And contrary to what you think, seller finance a hundred percent. So he's buying the guy's business with his own goddamn money. And he's doing ten million more than he was asking. Because he's gonna refinance it in two, three, four years. And he's gonna pull the purchase price out and put it in his pocket.

• 16:12Speaker 01

  That's QLA.

• 16:13Speaker 00

  Yep, that's it.

• 16:14Speaker 01

  But you said, long term, we're fucked. Why do you say that? You're talking about people.

• 16:21Speaker 00

  I'm at this fifty years, and I watched the kids for thirty-three years. And the quality of people that we have come through the seminar are weak. They're just weak. They have no gumption. You know the test. If somebody came up and slapped you, spit in your wife's face, what would you do? There's three alternatives. One, A is, I'd ask him if he was having a bad day. B, C, the only answer is you hit a brick and you beat his fucking brains out. Failure rate is up to ninety-eight point six percent. I thought it was ninety-two percent when the test first came out. Can't get any worse. Failure rate is up to ninety-eight point six.

• 17:01Speaker 00

  Ninety-eight point six of blue-blooded Americans, Brits, Aussies, et cetera, would rather switch than fight.

• 17:10Speaker 01

  Why is that happening? Like, you really had to think about it.

• 17:14Speaker 00

  Poor role models.

• 17:15Speaker 01

  Okay.

• 17:15Speaker 00

  We don't do what our parents tell us to do. We do what we see our parents do. Now, I had an assassin, say, a killing monster for a father.

• 17:23Speaker 01

  Yes, you did.

• 17:24Speaker 00

  Okay? So, you can't really put me in that pool. But, who I believe with all my heart invented tough love. Okay? When I did something wrong, and when he did come back into town, my mother had a thing on her refrigerator with a refrigerator magnet. The nuns would have beaten me. The priest probably would have beaten me. My mother would have tried to beat me, but she wasn't very successful. She's a little teeny thing. And then when my dad came home, God forbid. I mean, even if it happened nine weeks before, or three months before, my dad would beat the shit out of me. And so, I never did drugs. Nobody believes it, but it's the truth. I never did drugs, because I was afraid my dad would kill me. I mean, literally kill me, not just pretend to kill me.

• 18:08Speaker 00

  And the guys that came to my 80th birthday, there were four or five guys that have known me since I'm 10, 12, 15 years old, and they all said the same story. We didn't do drugs because we were afraid Mr. Penney would kill us too. Because if Danny did drugs, that means he got them from us. And their fathers each were happy with that, fine. Mr. Penney can do the heavy lifting. He can beat the shit out of Howard. He can beat the shit out of Bud. He can beat the shit out of Walt. And my dad did.

• 18:37Speaker 01

  So he scared the whole neighborhood straight?

• 18:38Speaker 00

  Correct.

• 18:39Speaker 01

  Okay, alright. Alright, so we're just continuing to degrade, and the kids are coming in, and when you can't think it get any worse, it's actually worse.

• 18:46Speaker 00

  It continues.

• 18:47Speaker 01

  And communication stills not probably getting worse.

• 18:50Speaker 00

  Communication skills are piss poor.

• 18:52Speaker 01

  They say at Harvard, the students don't even turn up to class anymore. They don't engage in debate. And these are Harvard kids. You know, and they don't even want to talk to other people.

• 19:01Speaker 00

  Yeah, well, I believe that. And because of Corona, they've lived on the internet for four or five years. And they don't have the communication skills at the level they should have if they had been going to class, they had been interacting with other people. But all the schools are the same, you know. Occasionally, we get, you know, a bright tool. But all the tools that they have are dull. It's like a carpenter, nothing's sharp. And it's just, and they have other desires. And, you know, right now, information is almost instantaneous worldwide. You can find out stuff that you really don't need to know, but you can find it out.

• 19:42Speaker 00

  And the kids today start from, you know, they know how to work a handheld machine since they're three, four, five years old. Okay? And they have an internet active. And a lot of the stuff that are on these apps is not good for them. It just isn't good for them.

• 19:58Speaker 02

  How do you get out of a rat race? How do you create wealth not only for yourself, but also for the generations to come after?

• 20:06Speaker 03

  I am absolutely amazed with the quality of companies that we're getting exposure to.

• 20:11Speaker 04

  We go on to Zoom calls with the innovators and the folks who are building new applications in metaverse, blockchain, artificial intelligence, decentralized finance. What's going on, everybody?

• 20:22Speaker 05

  If you can see me. We are focusing on early-stage investment.

• 20:28Speaker 03

  And the quality of people that we're getting exposure to, whether it be Dan Tapia with One RT, Jason Ma from Open, Ayatsu from Anamoka.

• 20:35Speaker 06

  It's been a phenomenal experience thus far. It has far exceeded my expectations.

• 20:41Speaker 05

  We are focusing on cutting-edge technologies.

• 20:44Speaker 06

  I view it now as the best investment I have ever made. The upside I view is unlimited.

• 20:50Speaker 03

  And as a retail investor, I would never get this exposure anywhere else outside of Investment Club. See you in the Investment Club.

• 21:00Speaker 00

  Education, when I graduated from high school in 1963, supposedly, education topped out in 63. Okay, now a high school degree, from then, is like two and a half years of college now. Okay, and it's hard for me to believe, I graduated with a 2.55 average out of high school. I only went to college because a couple of the other guys were going to college. And the only college I could get in was the school you got to explain about, okay? Which Belinda Gates just gave $248 million to.

• 21:31Speaker 01

  You're to where you graduated?

• 21:33Speaker 00

  Cal State Northridge.

• 21:34Speaker 01

  Really? Did she go there?

• 21:35Speaker 00

  Yeah.

• 21:36Speaker 01

  Okay.

• 21:36Speaker 00

  Because it was one of the top five woke schools in America.

• 21:39Speaker 01

  Oh, my gosh.

• 21:40Speaker 00

  And I was negotiating with them to change the name of something for amazingly 10 million. They stopped talking to me. Okay, we don't need your money now. You know, we've got plenty of money.

• 21:50Speaker 01

  Okay, and they're going to stay woke?

• 21:51Speaker 00

  Yeah, yeah, well, they are certainly woke.

• 21:54Speaker 01

  If you had it to do over again, would you send your kids to college in this day and age?

• 21:58Speaker 00

  No, I probably wouldn't.

• 21:59Speaker 01

  Really?

• 22:00Speaker 00

  No.

• 22:00Speaker 01

  Not worth it?

• 22:01Speaker 00

  No.

• 22:01Speaker 01

  Because you get the mind programming and the education doesn't teach you anything practical.

• 22:06Speaker 00

  Well, in the case of my daughter, I paid for all of it. In the case of our youngest son, he paid himself. That was important to him.

• 22:12Speaker 01

  Okay.

• 22:13Speaker 00

  But most kids have debt, student debt. And when you come to me at age 41, you've still got student debt. I mean.

• 22:21Speaker 01

  And you see that with your kids. Damn. And it's big. I mean, you know, BU's not cheap.

• 22:27Speaker 00

  No.

• 22:28Speaker 01

  They're rackets. These universities are rackets, right? They're woke factories that charge hundreds and hundreds of thousands of dollars to give people a degree that's basically useless.

• 22:37Speaker 00

  And then they stay, and the kids today aren't aggressive. I didn't, when my kids got out of undergrad, I didn't make a phone call to get them a job. Took Kelly seven months to get her first job. Took our son Derek nine months, but they got a job, okay? And then she went to New York and started selling real estate and started making 20, 30 grand a month. And I thought, well, she's never gonna go to grad school. But she had promised me, so she did go to grad school. And she got in Northwestern. And our son took a couple of years off before he went back to grad school. But they will both tell you their graduate degrees mean nothing. Now, in our daughter's case, the big, big boss in the division she works in went to Northwestern, the Medell Communication School, whatever it is.

• 23:22Speaker 00

  And so that's helped her some, okay? But unless by serendipity, you happen to go on to the same school and the big boss, you're close enough to the big boss that he actually recognizes you, I mean, it's a waste of time. Now, I interviewed a Kennedy not long ago. Looked like Robert Kennedy. He's from that string. I mean, I said, his name's Kennedy. And I said, how many times have you been told, and then you finish the sentence, that I look like my great grandfather, Robert Kennedy? More than I can count. And has it done you any good? I went to great grammar schools, great junior high schools, great high schools, private. It got me into Harvard.

• 24:05Speaker 00

  I'm not sure they looked in my forms, you know? But other than that, I'm still unemployed.

• 24:11Speaker 01

  Okay, so the degree doesn't count for much these days without the hustle?

• 24:14Speaker 00

  No, if I wanted to, Kennedy's probably the name I'd pick. Or Rockefeller or somebody.

• 24:19Speaker 01

  Yeah.

• 24:20Speaker 00

  Rothschild in Europe is different. If you're a Rothschild, your life's made.

• 24:24Speaker 01

  You get what you want.

• 24:25Speaker 00

  Yeah, exactly.

• 24:26Speaker 01

  Okay. How much longer are you gonna teach seminars?

• 24:29Speaker 00

  Uh, well, for sure as long as Trump's in the White House.

• 24:32Speaker 01

  Okay, so it could be till 33.

• 24:34Speaker 00

  Yeah, yeah. Yeah, for sure, you know, I'd be crazy. And some of the big things that he's gonna do. He hasn't announced yet. The, I'm not surprised that he picked Heseth to be the, I don't know, Minister of War.

• 24:55Speaker 01

  Secretary of War, right?

• 24:56Speaker 00

  Yeah, yeah.

• 24:56Speaker 01

  Yeah, war.

• 24:57Speaker 00

  I think that's, you know, it's a little bit of a stretch. Now, I hope that he didn't say, like, right now, it's going viral. The last two guys that were on the ship.

• 25:06Speaker 01

  Yeah.

• 25:06Speaker 00

  They were alive still.

• 25:08Speaker 01

  Apparently.

• 25:08Speaker 00

  And Admiral says they were getting ready to be combative. They're on fire. And Heseth said, "Kill them all." Now, I hope they don't have that on tape, but, you know.

• 25:20Speaker 01

  They asked Trump about it today, and he said, "Well, it is, we are at war." He said something like that, so.

• 25:25Speaker 00

  Yeah, yeah.

• 25:26Speaker 01

  All right, so Trump has more stuff planned, but as long as he's in office.

• 25:29Speaker 00

  It's good for business.

• 25:30Speaker 01

  It's good for you, because you're, the personality type that QLA promotes is the one that Trump now says is the right one.

• 25:39Speaker 00

  Yeah, but, I mean, you don't have to be an alpha male. Ninety-eight percent of the high-performance people on the planet are, you know, not alpha males. You know, they're, you know, they're regular people.

• 25:47Speaker 01

  You always say that to us, but it's hard for us to hear that, because we see you.

• 25:51Speaker 00

  Yeah, well, well, in the first years that I was selling the seminar, which I thought that, you know, it was an easy sell, but we can't be you. And the guy, the few guys that have tried to be mini-me, he's got in trouble. Okay? We've had a couple of kids arrested for stalking, because they wouldn't take no for an answer.

• 26:10Speaker 01

  They showed up at the bank.

• 26:11Speaker 00

  Yeah, well, and Carl Icahn, allegedly, you know, got a guy at Bank of America fired because he wouldn't take no for an answer.

• 26:20Speaker 01

  Okay.

• 26:20Speaker 00

  And the, me not taking no for an answer is different than some little librarian from Kansas.

• 26:26Speaker 01

  Okay.

• 26:26Speaker 00

  So.

• 26:26Speaker 01

  They try to be you and then.

• 26:27Speaker 00

  Correct, correct.

• 26:28Speaker 01

  Realize they're not.

• 26:29Speaker 00

  But I wish I had made a deal in the beginning for two or three tailors, three P suits, Rolls's, Rolex watches, and a few other things, because, you know, they, you only have two times to make a first impression. First, when I look at you, second, when you open your mouth. And even the guys that resonate like you, when they open their mouth, they put their foot in it. Okay? And even though they have the scripts and all the things that you know, you know, saying, stuttering, I mean, doesn't do you much good. And at my eightieth birthday, we had the first and only student that I gave an A when I taught. Okay? John Macias. He was a stutterer, he's not a stutterer now, he's a psychotherapist now.

• 27:12Speaker 00

  The first multimillionaire, teenage multimillionaire, Matt Poseus. He was the first internet guys, you know, rode around in Lamborghinis with girls with big tits. You know, okay, he was there with his wife. And the first guy that I helped on Wall Street, who's a big partner now with JP Morgan. So those first, but even when I wasn't coaching, I was always making people accountable. You know, and Wall Street, they ended, when we were on the West Coast, ends at three, two, whatever it ends. We're there at eight at night. I mean, doing the work, because we couldn't depend on the research that was coming out at that time. Now, some places had great research.

• 27:57Speaker 00

  We were not one of those places. Right. We weren't, okay? And we were just fooling ourselves to say that we were. But I mean, this is our market, I keep saying on the seminars, this is our time. You know, what are you gonna tell, and you've heard me say this, your grandchildren, 25, 30 years from now, what did you do during the greatest transformation of wealth in the history of the planet? What, something with your thumb up your ass? Now, the grandkids won't say that, okay? Well, what are you gonna tell them? And it reminds me, you know, this is an awful thing I say about my family. My family has mortgage-burning parties.

• 28:35Speaker 00

  You pay off your mortgage after 30, 40 years, you have a block party and a 55-gallon barrel drum. You barbecue and you're burning the mortgage on it. And I first saw that when I was 12, 13, 14, and I asked my dad, what the fuck? Why are they, what proof do they have that they own the fucking house? Okay? But they were doing it in defiance. You know, fuck you, I'm burning my mortgage. I'm sure there's still some people that have that mentality.

• 29:04Speaker 01

  But that was their great accomplishment to pay off a 30-year age.

• 29:06Speaker 00

  Correct.

• 29:07Speaker 01

  Right, and not to dream bigger.

• 29:09Speaker 00

  Just as I was a first kid on my mother's family. That's the only reason I went back to college, to graduate from college. Nobody had ever graduated, so when I came back. Because I needed to go back to school like I needed AIDS. I mean, it didn't do me any good.

• 29:23Speaker 01

  Well, I dressed this way because of you. That's the truth, as much as I might.

• 29:27Speaker 00

  John Kent's retired, I hear.

• 29:29Speaker 01

  Yes, Kent is, John is not around as much, but Terry's there in great form. And they're doing big business. They're doing a lot of business in the States now.

• 29:37Speaker 00

  Really?

• 29:38Speaker 01

  They're going to New York and Miami and just lots of client business. So they're hot again.

• 29:42Speaker 00

  That's good.

• 29:42Speaker 01

  I think you probably made them hot. They got a lot of business from you, from me.

• 29:46Speaker 00

  I'm happy for them.

• 29:46Speaker 01

  Yeah, it's very good. What's hot right now? Because I know you've been big on cybersecurity the last five years, but now you were talking AI is what you're into now.

• 29:54Speaker 00

  If you're not, well, if you're not in AI, go home. I mean.

• 29:58Speaker 01

  Every business. Okay.

• 30:00Speaker 00

  I don't care if you're a plumber and your website, put AI at the end, you know? I mean, you might as well go home.

• 30:10Speaker 01

  It's the future. And you have to adopt it.

• 30:12Speaker 00

  And I said 40 to 60%, 10 to 20 years from now, 40 to 60% of all jobs. I used to say entry-level jobs. I don't do that anymore. It's all jobs are going to be replaced by AI.

• 30:23Speaker 01

  So what does that mean?

• 30:24Speaker 00

  We have robots to castle.

• 30:26Speaker 01

  You do?

• 30:27Speaker 00

  Yeah, Gordon 1 and Gordon 2.

• 30:28Speaker 01

  Serving drinks?

• 30:29Speaker 00

  No, no, no, doing the yard work and stuff. And my staff is crazy with insecurity.

• 30:36Speaker 01

  Really?

• 30:36Speaker 00

  We haven't laid anybody off.

• 30:37Speaker 01

  Okay.

• 30:38Speaker 00

  But we're getting four more robots.

• 30:40Speaker 01

  Gardener robots.

• 30:41Speaker 00

  No, no, in the house robots.

• 30:43Speaker 01

  Really?

• 30:43Speaker 00

  GNT, John, GNT, GNTonic, correct.

• 30:48Speaker 01

  Wait till Elon starts cranking them out.

• 30:50Speaker 00

  And they don't take time off. They're never fucking sink. They don't eat.

• 30:55Speaker 01

  Until one day you wake up in the castle and they're standing over you.

• 30:58Speaker 00

  Well, now you've probably heard this story going to MIT. It was a about 10, 11 years ago, they had that grandmasters, might be Caltech, your dad's alma mater. But one of those two schools had a big chess tournament. And it had the four or five grandmasters that were around at that time against the newest IBM computer. It was a three day tournament, blah, blah, blah. And at the end, the humans won by this much. And so the guy, the moderator, a Caltech professor, probably had hair like this, said something to the effect, "Well, can we learn anything over and above what happened at the recent tournament that you lost to these guys?"

• 31:37Speaker 00

  And, "Don't trust us. Don't trust us. They're gonna eat our lunch."

• 31:48Speaker 01

  Is this how the world's gonna end?

• 31:50Speaker 00

  I think so.

• 31:50Speaker 01

  You think they're gonna end us?

• 31:51Speaker 00

  Yeah.

• 31:52Speaker 01

  The ultimate exterminating factor. And that happens when I-

• 31:54Speaker 00

  I love watching those movies.

• 31:56Speaker 01

  Like what?

• 31:56Speaker 00

  Robot. Robot with Will Smith.

• 31:58Speaker 01

  Uh, Robot, yeah. You think it's gonna happen in 50 years, 100 years?

• 32:02Speaker 00

  Yeah, wow, wow. You're gonna die before me, so you'll already be dead.

• 32:07Speaker 01

  How about that?

• 32:07Speaker 00

  I, I, I plan on, I, I still have to go into space.

• 32:11Speaker 01

  Right.

• 32:12Speaker 00

  One of my goals, and have sex with Sally.

• 32:13Speaker 01

  Right, I did, I heard this recently.

• 32:15Speaker 00

  Okay, yeah, well, and we already, Sally already put our down payment. You can pay 20 million to the Ruski's tonight.

• 32:21Speaker 01

  And go.

• 32:22Speaker 00

  No training, no nothing. They'll come and pick you up right here outside the building.

• 32:25Speaker 01

  Right.

• 32:26Speaker 00

  And you're on the space station in three days.

• 32:28Speaker 01

  Ruski craft in the eighties.

• 32:29Speaker 00

  Yeah, yeah.

• 32:30Speaker 01

  Is it safe?

• 32:31Speaker 00

  Yeah, well, it's, it's, it's safe as you're gonna get anybody to take you.

• 32:34Speaker 01

  All right.

• 32:35Speaker 00

  If you do a NASA, five years.

• 32:37Speaker 01

  Before you can go.

• 32:38Speaker 00

  No, the training!

• 32:39Speaker 01

  Oh, the training, oh, right. The Ruski's don't care.

• 32:41Speaker 00

  Yeah, well, fuck that.

• 32:43Speaker 01

  And you don't wanna do one of these chicken shit ones where you go up and-

• 32:45Speaker 00

  Yeah, no, no, no, no.

• 32:47Speaker 01

  Right.

• 32:47Speaker 00

  I felt, I felt sorry for the Star Trek guy. Ninety-one, uh, when he went up-

• 32:51Speaker 01

  Shatner.

• 32:52Speaker 00

  He just went up for eight seconds, two minutes, he almost, he came back and he looked like he was dead.

• 32:57Speaker 01

  With Bezos, yeah.

• 32:58Speaker 00

  Yeah.

• 32:58Speaker 01

  Yeah, I was hanging out with him a couple of years ago at a crypto conference. Uh, yeah, uh, nice guy. Legendary guy.

• 33:04Speaker 00

  Yeah.

• 33:05Speaker 01

  Go up for real with Sally. That's on the goal list.

• 33:07Speaker 00

  Yeah.

• 33:07Speaker 01

  What else?

• 33:08Speaker 00

  Sex in space.

• 33:09Speaker 01

  Sex in space.

• 33:10Speaker 00

  And even if I burn up and reenter you.

• 33:12Speaker 01

  You're dying.

• 33:13Speaker 00

  I don't give a shit.

• 33:13Speaker 01

  All right. And Sally's okay with you saying that?

• 33:15Speaker 00

  Yeah, yeah, yeah.

• 33:16Speaker 01

  Okay, all right.

• 33:16Speaker 00

  Sally says we gotta somehow get shields or block, you know? She's not against the sex and space part, but she doesn't want it to be so you can look at it on your cellphone down here.

• 33:27Speaker 01

  Somebody will be watching.

• 33:28Speaker 00

  Well, I'm sure someone's gonna be watching.

• 33:29Speaker 01

  Okay, all right. So that's on the bucket list. What else?

• 33:32Speaker 00

  Well, I'm the newly appointed apostle of finance for the Catholic Church.

• 33:37Speaker 01

  I heard about this.

• 33:38Speaker 00

  How did you hear about it? I didn't tell anybody.

• 33:39Speaker 01

  Lord, help us. You were, you were.

• 33:41Speaker 00

  The Lord is helping us now.

• 33:43Speaker 01

  After a few drinks, you were talking about it in your, in your post-conference stories.

• 33:48Speaker 00

  Oh, yeah, yeah, yeah. The guy's asked me.

• 33:50Speaker 01

  Yeah.

• 33:51Speaker 00

  Cause now I take calls now. I never took calls before. It's the Vatican.

• 33:55Speaker 01

  Okay. All right. Now you, let's talk about this. First of all, you were just knighted by the Vatican.

• 34:00Speaker 00

  Looks like you.

• 34:01Speaker 01

  Really?

• 34:01Speaker 00

  A regular guy. A regular guy.

• 34:03Speaker 01

  I'm not just a regular guy.

• 34:07Speaker 01

  Smart.

• 34:08Speaker 00

  Well.

• 34:08Speaker 01

  Great broadcaster.

• 34:09Speaker 00

  Well, well, he's not a broadcaster.

• 34:11Speaker 01

  Okay.

• 34:12Speaker 00

  Somebody asked him when we were there about podcasts. He didn't know what we were talking about.

• 34:15Speaker 01

  Really? He's a different kind of pope, right?

• 34:18Speaker 00

  Correct.

• 34:18Speaker 01

  And he's the smart guy.

• 34:19Speaker 00

  From Chicago.

• 34:20Speaker 01

  Okay, yeah, yeah. He's good with numbers too. He ran the, the books for a while.

• 34:24Speaker 00

  Yeah.

• 34:25Speaker 01

  And that's why you're involved.

• 34:27Speaker 00

  Correct.

• 34:27Speaker 01

  Because he was gonna sort the books out. Part of the reason I heard, now, correct if I'm wrong, that, that, cause he was out of the blue, got elected. But people were saying, the whispers at the time were, and it's all flashing to me now, is that he maybe was the only guy that could sort out the books. And the books were a mess.

• 34:42Speaker 00

  Well, he doesn't think he can sort it out, but he thinks he can oversee the sorting out.

• 34:46Speaker 01

  Right, okay. Now, you have a long.

• 34:48Speaker 00

  It's a 10-year project.

• 34:49Speaker 01

  Okay.

• 34:50Speaker 00

  I said I can do it in seven.

• 34:51Speaker 01

  Were you recently knighted by the Vatican as well?

• 34:55Speaker 00

  Two knights.

• 34:56Speaker 01

  Two knights. Which ones?

• 35:00Speaker 00

  Wait. Two knighthoods, a commander of the cross.

• 35:07Speaker 00

  Knight of Templar.

• 35:10Speaker 00

  One other one. Five.

• 35:12Speaker 01

  Why won't you accept a British knighthood?

• 35:15Speaker 00

  Well, I haven't been offered. And we're working on that. I want to sit in the House of Lords.

• 35:20Speaker 01

  You do?

• 35:21Speaker 00

  Yeah, yeah.

• 35:22Speaker 01

  Oh, my God. You can sit next to Lord Bailey, the guy that ran against me for mayor. Jesus, there's some dummies in there.

• 35:29Speaker 00

  I don't know, but, well, not my friend, but, uh, Lord Lilly, who used to be on my board.

• 35:33Speaker 01

  You used to call them all Lord shitbags.

• 35:35Speaker 00

  Correct, I did.

• 35:36Speaker 01

  Because...

• 35:36Speaker 00

  But I am one now, so it's all right.

• 35:38Speaker 01

  Alright, so that's still on the cards?

• 35:39Speaker 00

  Oh, absolutely.

• 35:40Speaker 01

  Okay. I thought you'd been offered before, but you'd turned it down?

• 35:42Speaker 00

  No, no, no, no.

• 35:43Speaker 01

  Okay. Alright, so you got these different knighthoods. Well, the Queen, the Cross is from the Queen, right?

• 35:48Speaker 00

  Yeah.

• 35:49Speaker 01

  Okay. And then the Vatican knighthood, and then maybe the British knighthood. You would accept it if offered?

• 35:54Speaker 00

  Oh, yeah, absolutely.

• 35:55Speaker 01

  Okay. We need, uh, probably somebody besides Labor in to get you that one, right?

• 35:58Speaker 00

  Yeah.

• 35:58Speaker 01

  Probably. Okay. Um, let's talk about the Vatican, because famous quote, when you were with Freshfields, right? We do business with the Bank of England, the Church of England, the Queen of England.

• 36:09Speaker 00

  And Dan Penna.

• 36:10Speaker 01

  And Dan Penna. But you were doing business with the Vatican back then, or you knew about the business?

• 36:16Speaker 00

  No, no, no.

• 36:18Speaker 01

  We shared a law firm.

• 36:19Speaker 00

  Well, partly, but in 1982...

• 36:24Speaker 01

  I know way too much about you, Dan.

• 36:25Speaker 00

  Okay, in 1982, when the Vatican Bank, uh, explosion of corruption with the mafia, and, uh, the Archbishop Mencencas, who was the guy, and I kissed his ring, I don't know how many times, uh, was found to be laundering money. But, uh, he just died recently in Arizona at the retirement home for his, uh, his Order of Priests. So, uh, in those days, you didn't put people in jail, you just shipped them off someplace.

• 36:52Speaker 01

  Okay.

• 36:54Speaker 00

  And, uh, the, um, the then Secretary of State was involved, and I was involved. Uh, and the deal blew up, and a lot of guys went to jail, a few got killed. Carlo Rivo, who was called the mafia banker, who was in the Vatican Bank, allegedly hung himself from London Bridge.

• 37:16Speaker 01

  Right here.

• 37:17Speaker 00

  Okay.

• 37:17Speaker 01

  Blackfriars Bridge.

• 37:19Speaker 00

  Yeah, with his hands tied behind him.

• 37:20Speaker 01

  Tied behind his back and hung himself. That was in the 80s, right?

• 37:23Speaker 00

  Yeah.

• 37:24Speaker 01

  I remember hearing that story.

• 37:25Speaker 00

  82, 83, yeah, yeah.

• 37:25Speaker 01

  Something that normally doesn't happen in London.

• 37:28Speaker 00

  No, it doesn't.

• 37:29Speaker 01

  Right, something that wrong.

• 37:30Speaker 00

  So then, in the 90s, I came back again. Fifteen years had passed. I didn't get in trouble. I was a co-conspirator, unindicted co-conspirator. I was at the low end, so they didn't, they thought then, and probably now, that I wasn't high up enough to do anything harmful.

• 37:48Speaker 01

  Okay, high up in which organization?

• 37:51Speaker 00

  In the bank, Vatican Bank. I was at that time with Onassis Group.

• 37:55Speaker 01

  Right, okay, okay.

• 37:56Speaker 00

  And so then in the 90s, I decided, you know, we should resurrect this, because I volunteered because the church was almost bankrupt in the early 80s.

• 38:04Speaker 01

  Okay.

• 38:05Speaker 00

  Okay, okay, well, closer to bankruptcy today, because of all the billions they paid out for the abuse rulings against them, rightfully so, that they did all this bad stuff to little kids.

• 38:14Speaker 01

  Okay.

• 38:15Speaker 00

  So then I went back in the early 90s, and I said, "Let's get this fucking thing going again."

• 38:19Speaker 01

  And the only reason we're talking about the church is because they brainwashed you as an altar boy.

• 38:23Speaker 00

  Correct.

• 38:23Speaker 01

  And you're the first to admit that.

• 38:25Speaker 00

  I was a wannabe altar boy. I never got to be an altar boy.

• 38:27Speaker 01

  Oh, that's why.

• 38:28Speaker 00

  Yeah, exactly.

• 38:29Speaker 01

  So this is the hole in your heart you're filling.

• 38:31Speaker 00

  My family couldn't afford the $8 for the little uniform.

• 38:34Speaker 01

  Okay, so you say I have trauma issues, you have trauma issues.

• 38:37Speaker 00

  Well, yeah, well, mine have with God, yours aren't with God, because yours are with your father.

• 38:41Speaker 01

  Oh, really?

• 38:41Speaker 00

  Yes, yes.

• 38:42Speaker 01

  That's why you're here.

• 38:43Speaker 00

  Yeah, exactly, exactly. I'm here to save your soul.

• 38:46Speaker 01

  Okay.

• 38:47Speaker 00

  I was gonna wait till the end, now I'm saying now.

• 38:48Speaker 01

  Yeah?

• 38:49Speaker 00

  Okay, so I went back in the 90s, and I said, "I want to resurrect this," and so everybody was, were still almost broke, and so, at that time, a Carmelite priest who I'd known all my life, he was like our family priest, I said, "John, I want somebody to hear my confession." Well, John said, "Well, Dan, I've known you all your life, I'll hear your confession." No, I want a senior guy. So they found me this war correspondent slash priest named Monsignor Peresina. So I prepared for about a month, and I had all, I had a yellow tab, a legal tab, this long. Every line on both sides of the paper with thousands and thousands and thousands of sins. So I went there to hear my confession. We're sitting in his drawing room.

• 39:34Speaker 00

  And I said, "Bless me, Father, I have sinned. It has been such and such years." Now they call it reconciliation. And so I get about to the third page. So he says, "Excuse me, Mr. Penney, we're sitting just like this." And he takes it from me and he flips through and he says, "Sodom and Gomorrah, we've got nothing on you. You maimed, murdered, killed." "Correct." So he takes it, he goes over to the fireplace. He throws it in the fireplace. I go over there, try to get it. "Why are you doing that, Monsignor? Nobody should see that." So we're sitting back, having our coffee. And I said, "What's my penance?" He says, "Go home and hug your wife and say you love your wife and your kids." "What kind of goddamn penance is that?" Anyway, the next morning, my priest buddy calls me.

• 40:17Speaker 00

  He says, "Danny, you're sitting down. Monsignor Persina died last night after he saw you."

• 40:23Speaker 01

  Peter Thiel took a half a million dollars and turned it into a billion dollars using the exact same techniques we're using inside the investment club. He met a CEO, his name was Zuckerberg. He pitched him the deal. And he said, "Okay, I'll give you a half a million dollars." Mark went public and sold the shares to people like you. Well, what happened to Peter? Well, he exited and got a 2,300X return. The wealthy invest in early-stage companies, folks. The public markets are for suckers. It's a rigged game. By the way, this happens in crypto as well. It's called pre-sale tokens. This is Solana. Does anybody know this chain? They sold pre-sale tokens for 4 cents. And you can see the date on there, April 5, 2018. Look at Solana today, folks. That thing's up over 1,000X.

• 41:06Speaker 01

  The media and Wall Street and all these hype people get you to buy the top. Meanwhile, they put their clients in at the bottom and they use you for liquidity to make their clients rich. You can play this same game. You just have to have the financial education and the deal flow. That's it.

• 41:23Speaker 00

  So I decided to put back on the evil rubbed off on him. Nobody wants me to fix anything.

• 41:31Speaker 01

  Okay.

• 41:32Speaker 00

  Okay.

• 41:32Speaker 01

  Because you were going to help at that point.

• 41:34Speaker 00

  Correct.

• 41:34Speaker 01

  All right.

• 41:35Speaker 00

  And they know I know how to do it.

• 41:36Speaker 01

  Okay.

• 41:36Speaker 00

  Okay. Fast forward twenty-

• 41:37Speaker 01

  Is this divine stopping you? Or is it somebody behind the scenes pushing buttons?

• 41:41Speaker 00

  They say the devil.

• 41:42Speaker 01

  Okay.

• 41:43Speaker 00

  Okay.

• 41:43Speaker 01

  Yeah, but there's a lot of things happening behind the scenes there.

• 41:45Speaker 00

  Yeah, yeah, okay. So, fast forward twenty-five years. I decide it's time to do it again, like, in the last few years. I'm, you know, getting these awards from the church, blah, blah, blah, blah. I got to see the Pope eight weeks ago. He was a nice guy, a regular guy.

• 42:01Speaker 01

  That's not easy to do, is it?

• 42:02Speaker 00

  Huh?

• 42:02Speaker 01

  That's not easy.

• 42:03Speaker 00

  No, it isn't.

• 42:03Speaker 01

  Right.

• 42:04Speaker 00

  But if you need something done, Brian, there's only one guy you know, no matter what, they can get it done, and that's me, no matter what. And so, anyway, so, I come back and I start enlisting my, my little staff. And the, day before yesterday, the Archbishop of Los Angeles, Gomez, was contacted by one of my mentees. And the, and we, we are pushing it forward. There's, they're sitting on between three and seven trillion dollars in revenue they're not collecting. Three and seven.

• 42:41Speaker 01

  Revenue?

• 42:42Speaker 00

  Revenue.

• 42:43Speaker 01

  Okay.

• 42:44Speaker 00

  So, let's just say it's three.

• 42:45Speaker 01

  These are contributions from other churches?

• 42:47Speaker 00

  No, no, no, no, no.

• 42:48Speaker 01

  No.

• 42:49Speaker 00

  Five years ago, if you were a parish priest, you collected like between seven and twelve thousand dollars a week in the basket.

• 42:55Speaker 01

  Yeah.

• 42:56Speaker 00

  Now you get fifty bucks, a hundred, three hundred.

• 42:58Speaker 01

  Oh, right, okay.

• 42:59Speaker 00

  They haven't paid their light bills and those kind of bills for eons.

• 43:02Speaker 01

  Okay.

• 43:03Speaker 00

  And the only reason they haven't been evicted is because it's the Catholic Church.

• 43:06Speaker 01

  Okay.

• 43:06Speaker 00

  Okay, okay. So, I've been working on this for two or three years. And Sally and I have built, and I hooked up with Saint Teresa, and I put my money on her before she was a saint, one of the Teresa's, because she was, had a cutthroat business attitude. She would do anything, lie, cheat, steal, in, in the name of the kids, okay? Which, I, I won't lie, but I certainly have stolen. And so, the, and we've built missions in Sri Lanka, China, the Philippines,

• 43:38Speaker 00

  Japan, the United States, for the last twenty years, for the missionaries of charity, which is Saint Teresa, now Saint.

• 43:47Speaker 01

  You're quite involved in that.

• 43:49Speaker 00

  Oh, yeah, very involved. And, you know, not just with money.

• 43:52Speaker 01

  And you go visit, too.

• 43:53Speaker 00

  Oh, yeah.

• 43:53Speaker 01

  And you see the kids.

• 43:54Speaker 00

  Yeah, I see all the kids. And I've actually taken a kid that is put in the tray at one of Saint Teresa's missions with an umbilical cord cut. They put the kid in the tray, and so the nuns on the other side of the wall pull the kid out. And then I've seen that kid raised through grammar school, junior high school, college. In some cases, get married. In some cases, get a job. I've been doing it over 20 years. So I've seen the cycle. I can see with these eyes, you know, that it's actually happened.

• 44:25Speaker 01

  Why is he in a tray? Because he's being given up?

• 44:27Speaker 00

  He's being...

• 44:28Speaker 01

  By his mom?

• 44:28Speaker 00

  He's being abandoned.

• 44:29Speaker 01

  Because out of wedlock?

• 44:30Speaker 00

  Just like you.

• 44:31Speaker 01

  Okay.

• 44:32Speaker 00

  Abandoned in a different way.

• 44:33Speaker 01

  Like all your kids.

• 44:34Speaker 00

  Huh?

• 44:34Speaker 01

  Okay.

• 44:35Speaker 00

  Okay.

• 44:35Speaker 01

  All your devotees.

• 44:36Speaker 00

  Yeah, exactly.

• 44:37Speaker 01

  Okay.

• 44:37Speaker 00

  Seriously, all my devotees have been abandoned in one sense or another.

• 44:41Speaker 01

  I know.

• 44:41Speaker 00

  Yeah, yeah, yeah.

• 44:42Speaker 01

  That's why we're here.

• 44:43Speaker 00

  Okay, okay, okay. And so, but I've seen that with my own eyes. And so...

• 44:49Speaker 01

  That must be a trip.

• 44:50Speaker 00

  Oh, oh, yeah. And the first one, about two or three years ago, had a kid. She went out and got married, and she married some guy in the Army. I hope she doesn't watch this. You could have done a lot better, but anyway. They get a paycheck every two weeks, so that's better than most of the people that work in the Philippines.

• 45:09Speaker 01

  Are the kids better off going to the nuns than their parents, do you think?

• 45:12Speaker 00

  Yeah, absolutely.

• 45:13Speaker 01

  Okay.

• 45:14Speaker 00

  But then, after the parents find out, they're getting three square meals a day. Then they try to hit on the kids when they're in junior high school and high school for money.

• 45:23Speaker 01

  Really?

• 45:23Speaker 00

  And I've advised the nuns, you can't give it to them. What about charity? I don't give it. You know, I'm always saying, goddamn. You can't do that, sister or mother superior. You know, you're just feeding their habit. And they come with almost needles hanging from their arm.

• 45:39Speaker 01

  Okay.

• 45:40Speaker 00

  Okay?

• 45:40Speaker 01

  Trying to squeeze the kids for some extra cash.

• 45:43Speaker 00

  Exactly.

• 45:43Speaker 01

  After they abandoned them 12 years earlier.

• 45:45Speaker 00

  Yeah, 15 or 18 years earlier. And sometimes, we've... Check the DNA. I don't believe it's the mother. And five times out of 10, I'm right. It's just somebody... Because you can rent kids in the Philippines and in China for like 100 rupees a day. Uh, which is like eight cents, so you can go beg on the street.

• 46:04Speaker 01

  Renting kids to beg, okay.

• 46:06Speaker 00

  Just imagine if you had been rented out.

• 46:09Speaker 01

  I could have made more money than that.

• 46:10Speaker 00

  Yeah, maybe so, maybe so.

• 46:12Speaker 01

  Alright, so you're gonna fix a Catholic church, it's a ten year project. You're excited about it.

• 46:16Speaker 00

  Seven to ten.

• 46:16Speaker 01

  Are they gonna give you the leeway you need?

• 46:18Speaker 00

  Well, we're gonna attack the US first.

• 46:22Speaker 01

  Okay.

• 46:22Speaker 00

  Okay, and the biggest parish in the US that's in trouble has paid out 1.56 billion in reparations to the kids is LA. That's run by a guy named Gomez, who happens to be from Mexico, right where my mother's from.

• 46:35Speaker 01

  Okay.

• 46:36Speaker 00

  Okay, right from where my mother's from. Uh, and there's twenty-five parishes, uh, in, uh, the United States, but they're all run like fiefdoms. Each cardinal or archbishop runs it like a business, and they don't know. Uh, one of the bishops I met with, uh, on my last trip, happened to be a successful businessman before he went over to God. He was a PhD in electrical engineering, I mean, he was a smart guy, he's a smart guy. Uh, he may actually, I watched this, I, I sent him an email, watched this bishop, uh, and the, uh... So, we're gonna attack it, diocese by diocese.

• 47:11Speaker 01

  Okay.

• 47:12Speaker 00

  And then, when we're successful in the US, and sixty percent of my personal portfolio is healthcare. Their biggest assets are hospitals, they have thirty-one hundred hospitals in the United States.

• 47:21Speaker 01

  Okay.

• 47:22Speaker 00

  Okay, they have twenty-six hundred schools.

• 47:25Speaker 01

  Okay.

• 47:26Speaker 00

  Notre Dame is the most obvious one.

• 47:28Speaker 01

  Yes.

• 47:28Speaker 00

  Okay, uh, that all lose their ass.

• 47:30Speaker 01

  Right, so they run terrible businesses.

• 47:32Speaker 00

  Correct.

• 47:32Speaker 01

  And you can change that, of course.

• 47:34Speaker 00

  I can change it, not overnight.

• 47:35Speaker 01

  Right, but they need the income because they're not getting it anywhere else.

• 47:37Speaker 00

  No, well, uh, there's some people that are struck off, in other words, for example, uh, Goldman Sachs can't do business with them, uh, because they try to, I don't know all the details, but they may have tried to twist the facts so they could get a loan fifteen, twenty years ago, and so they're, they're out the door.

• 47:55Speaker 01

  Can you change that?

• 47:56Speaker 00

  No, why, well, those guys were forced to retire, I'm told. And the interesting thing about it, there's a lot of closet Catholics.

• 48:03Speaker 01

  Okay.

• 48:03Speaker 00

  Okay, I had no idea how many Catholics I know.

• 48:07Speaker 01

  There's a lot of closet religious people coming out of the closet, thanks to Trump.

• 48:11Speaker 00

  Yeah.

• 48:11Speaker 01

  I mean, you know, you see it all the time now. It's like everyone now is talking about Christianity, at least, and it's now become in vogue quite a bit. Um, I don't know if that'll last.

• 48:21Speaker 00

  Well, enrollment and education in the Catholic school is down 60%.

• 48:27Speaker 01

  Really?

• 48:27Speaker 00

  Okay.

• 48:27Speaker 01

  Okay, alright.

• 48:28Speaker 00

  And the enrollment, or not enrollment, the attendance in Sunday Mass, etc., is down 85%.

• 48:36Speaker 01

  Okay.

• 48:37Speaker 00

  And they have no money, and they can't sell any assets. They're sitting on eight or 10 trillion in assets, art, gold from World War II, diamonds, etc.

• 48:47Speaker 01

  They're not allowed to sell it?

• 48:48Speaker 00

  No, it's, you know, either St. Paul said it, somebody said it.

• 48:52Speaker 01

  Okay, will you try to change that or not worth it?

• 48:53Speaker 00

  Well, no, no, we can turn, as soon as we turn around, it's first I've guys this.

• 48:59Speaker 01

  You have a case study?

• 49:00Speaker 00

  Okay, well, case study, where as soon as we get some positive results, we're gonna start working on two or three others at the same time, and the, um, it's, it's...

• 49:09Speaker 01

  How hard is this gonna be to do?

• 49:11Speaker 00

  Um, at least 50% of my time.

• 49:14Speaker 01

  Okay, and it's probably one of the hardest things you've ever had to pull off?

• 49:16Speaker 00

  Yeah, yeah.

• 49:17Speaker 01

  Because it's a massive bureaucracy.

• 49:19Speaker 00

  Yeah, yeah, but I did it in Siemens.

• 49:21Speaker 01

  Yeah, true, which one's harder, with Siemens?

• 49:23Speaker 00

  Yeah.

• 49:24Speaker 01

  Okay.

• 49:24Speaker 00

  The Germans, there's a right way, a wrong way, and a Siemens way. I know how to do this, you know?

• 49:30Speaker 01

  Okay.

• 49:30Speaker 00

  I know how to do it.

• 49:30Speaker 01

  50% of your time on that.

• 49:32Speaker 00

  Yeah.

• 49:32Speaker 01

  The other 50, split between you being chairman of 26 companies, and then teaching and giving Sally some attention.

• 49:40Speaker 00

  Yeah, well, I have to...

• 49:41Speaker 01

  But Sally does everything with you.

• 49:43Speaker 00

  Yeah, yeah, but I have to have my attention, you know, with Sally.

• 49:46Speaker 01

  Okay.

• 49:46Speaker 00

  I mean, the, uh, she's been 30 good years in, but I was teaching her this morning. If I was an unkind person, honey, I'd say you look older. And she's sitting with curlers and shit on her head, you know, and she says, "Well, that's a kind thing to say." And I said, "But I wouldn't say something like that, because when I get done with Brian Rose, you're gonna look all glamorous." I was thinking about when I was driving over here in my Phantom. This is... Can you walk around here at night?

• 50:17Speaker 01

  Yeah, yeah, you can.

• 50:18Speaker 00

  Audience, that's a lie, but anyway. If he invites you over, I have a bodyguard with me, so...

• 50:23Speaker 01

  Can you walk around Mayfair at night these days? Not with a watch, not with a patacon.

• 50:27Speaker 00

  No, no.

• 50:29Speaker 01

  That's your London.

• 50:29Speaker 00

  Yeah.

• 50:30Speaker 01

  What happened? We'll get into that.

• 50:31Speaker 00

  Exactly what I told you about.

• 50:33Speaker 01

  The kids.

• 50:34Speaker 00

  So, since I met you, what's happened to my life, let's see, I bought Sally a 16, 18, and 22 car of diamond rings. Okay? I'm a NetJet owner.

• 50:47Speaker 00

  And I told you, you can't afford, you can't make a good enough reason to get a plane, remember?

• 50:52Speaker 01

  Yeah.

• 50:52Speaker 00

  My speech.

• 50:53Speaker 01

  It's not worth it.

• 50:54Speaker 00

  At 80, I can make up an excuse for anything.

• 50:57Speaker 01

  All right, so you NetJet it unless you're going inter...

• 51:00Speaker 00

  No, tomorrow, we're commercial, but I mean, less than

• 51:04Speaker 01

  Transatlantic.

• 51:04Speaker 00

  2,000 miles is a NetJet. We have a NetJet in America, and we have NetJet here in Europe.

• 51:10Speaker 01

  And that's been a good move, right?

• 51:11Speaker 00

  Yeah.

• 51:11Speaker 01

  You don't like airports.

• 51:12Speaker 00

  Yeah, but we don't use NetJet, like, there should be six or eight people on the plane with us, but there's only two, Sally and I.

• 51:18Speaker 01

  Okay.

• 51:19Speaker 00

  And occasionally a flight attendant, but...

• 51:21Speaker 01

  Okay. You're very lucky.

• 51:23Speaker 00

  That's not the... The right way to use NetJet

• 51:25Speaker 01

  Right.

• 51:25Speaker 00

  is, you know, when you have six or eight in the plane.

• 51:28Speaker 01

  Oh, okay, but you guys don't.

• 51:29Speaker 00

  Uh-huh.

• 51:30Speaker 01

  You are very lucky to have Sally, she's an angel.

• 51:32Speaker 00

  Sure, absolutely, 100%.

• 51:34Speaker 01

  Amen to that, and that was a great, great, great call.

• 51:37Speaker 00

  As is your wife.

• 51:38Speaker 01

  Yes, you know, we're both lucky, right?

• 51:40Speaker 00

  How old are your boys now?

• 51:42Speaker 01

  Eight and nine. And I told them you were coming today, and they were like, "Who's this trillion-dollar guy? Who's this guy?" So I showed them, you know, pictures of us in the castle, and they were asking me questions about the trillion, the trillion got their attention. And I said Gabby had been up to your castle for the 70th, and she gave a speech at your 70th birthday party. And they were asking questions.

• 52:01Speaker 00

  Very articulate for a 12, actually very articulate for anybody, not just 10 or 12.

• 52:04Speaker 01

  Yeah, she was 12 then, yeah, she kind of shocked the audience. I think you guys just grabbed her and said, "Do you want to say something?", and she just improbed it.

• 52:11Speaker 00

  Yeah.

• 52:11Speaker 01

  Yeah.

• 52:11Speaker 00

  Better than your father.

• 52:13Speaker 01

  Yeah, probably, right?

• 52:14Speaker 00

  That's exactly what I said.

• 52:15Speaker 01

  Yeah, yeah, better than I could have done, especially then. But yeah, who knows, maybe the boys will come up and see you at some point.

• 52:21Speaker 00

  Yeah, that'd be great.

• 52:21Speaker 01

  You have 14-year-olds, is the youngest you did?

• 52:23Speaker 00

  14.

• 52:24Speaker 01

  Okay, and you kind of, uh...

• 52:26Speaker 00

  You'd have to come back with them.

• 52:27Speaker 01

  Oh, yeah, okay.

• 52:28Speaker 00

  Yeah.

• 52:28Speaker 01

  Oh, gosh.

• 52:29Speaker 00

  In fact, um, we just had, uh, the Carlings, well, now he's 18. He came when he was, uh, 15. Uh, I'm, I'm educating second generation, uh, of these kids. And, uh, I told you, the son of one of the oligarchs came at the last seminar. Um, and, and the Russian mentality about taking action and, you know, being harsh and selfish and etc., you don't have to teach them that.

• 52:58Speaker 01

  Right.

• 52:58Speaker 00

  I mean, it's just...

• 52:59Speaker 01

  In the culture.

• 53:00Speaker 00

  Yeah, yeah, yeah. And we, we, you know, uh, almost had a fight, but we had two Russians, um, and two Ukrainians at the last seminar also. And, uh, they don't like each other for real.

• 53:11Speaker 01

  Really?

• 53:12Speaker 00

  For real, real.

• 53:13Speaker 01

  Okay, for real, real.

• 53:14Speaker 00

  And, uh, the, uh...

• 53:16Speaker 01

  They pretend to get along.

• 53:17Speaker 00

  And when they boxed, coincidentally, one Russian, uh, and one Ukrainian boxed.

• 53:24Speaker 01

  Coincidentally.

• 53:26Speaker 00

  And one could, had infinitely more skills than the other, so it wasn't, I couldn't really tell.

• 53:31Speaker 01

  Okay.

• 53:31Speaker 00

  Because when you're on your back all the time, I mean, you're not much, you can fight back, blah, blah, but, uh, you're still boxing.

• 53:39Speaker 01

  I had my second boxing match.

• 53:41Speaker 00

  I saw it.

• 53:42Speaker 01

  You did, thank you for watching.

• 53:43Speaker 00

  The 19-year-old skinny kid?

• 53:45Speaker 01

  Oh, my God, he was 6'3", I mean, Jesus. And he had that, that young kid nervous energy. I, I'd never been hit that hard in my head that first round. But by the third round, he didn't want anymore. Look, it was...

• 53:58Speaker 00

  Well, why don't you go five rounds then?

• 53:59Speaker 01

  I would have loved to. My, David Haye was training me, world-class boxer, British champion, and he came, he called, first of all, he said, "You won that fight." I was like, "Okay." But he said, "If I'd gone five rounds, you easily would have won it."

• 54:09Speaker 00

  I agree.

• 54:09Speaker 01

  Because my cardio is my strength, you agree?

• 54:11Speaker 00

  I agree.

• 54:11Speaker 01

  That if it went a couple more rounds?

• 54:13Speaker 00

  But I got so tired of the announcer saying how fabulous you look for 54.

• 54:17Speaker 01

  Is that why?

• 54:18Speaker 00

  I said, yeah, but I, I wanted to say, his heart's only that big, okay?

• 54:21Speaker 01

  That big?

• 54:22Speaker 00

  A small, no, no, I'm not talking about the, the heart to fight, but I mean, the heart to take emotional risk.

• 54:28Speaker 01

  Okay.

• 54:28Speaker 00

  It's only that big.

• 54:29Speaker 01

  That, that, that's all?

• 54:30Speaker 00

  Well, maybe it's grown since I, I knew you better.

• 54:33Speaker 01

  Are you gonna tell me what's wrong with me now?

• 54:35Speaker 00

  No, no, no, I don't want to embarrass you, you know, I want you... To buy more Kent suits and

• 54:41Speaker 01

  At some point you gotta

• 54:41Speaker 00

  So when do you close this thing down?

• 54:43Speaker 01

  So, look, I'm spending a lot of time in Dubai. Have been for a while. I like it out there. There's a lot of business out there, a lot of blockchain business. And also, you know what London's like. You know what Britain's like.

• 54:55Speaker 00

  I know what the British are like.

• 54:57Speaker 01

  You know what the British are like. I mean, you're still here.

• 54:59Speaker 00

  No, but I'm a British citizen now.

• 55:00Speaker 01

  As am I. And I came here. I mean, I fell in love with this place, maybe the way you did. And when I first got here, maybe I felt the same way you did, as in, I looked around and I thought, I can beat these guys at what they do. That's the first feeling I got. And my first 10, 15 years here in the city, I had a lot of success. But now, I don't know, is it just wearing a little thin? I don't know. I just feel like the country's on the decline. I just don't feel like the opportunities are here. And I just feel like there's just a little bit of a grind here. Whereas when I'm in Dubai, it feels like the sky's the limit and I'm around hustlers. You spent time there now.

• 55:39Speaker 00

  It's Las Vegas without slot machines.

• 55:41Speaker 01

  Okay, what does that mean?

• 55:42Speaker 00

  That means, when I came here in 1981,

• 55:46Speaker 01

  Right.

• 55:48Speaker 00

  With what I knew, it was like taking candy from a baby. Okay? And the stories of me choking investment bankers or doing that kind of shit, I will neither confirm to deny, but some of them are true.

• 56:01Speaker 01

  Nobody was as aggressive as you?

• 56:02Speaker 00

  Nobody. I ate these guys for lunch.

• 56:04Speaker 01

  And they didn't work anywhere near as hard as you did?

• 56:07Speaker 00

  No, no, no.

• 56:07Speaker 01

  And they didn't think the way you did outside the box?

• 56:09Speaker 00

  Correct.

• 56:10Speaker 01

  And you didn't have that, we can do it, we're gonna do it no matter what I say?

• 56:12Speaker 00

  Correct.

• 56:13Speaker 01

  Because that's the opposite of everything British.

• 56:14Speaker 00

  Correct.

• 56:14Speaker 01

  Especially back then.

• 56:15Speaker 00

  Oh, yeah.

• 56:16Speaker 01

  Okay.

• 56:16Speaker 00

  So they've caught up a little.

• 56:18Speaker 01

  Right.

• 56:18Speaker 00

  But now, they act like they wrote the book, which, no, they're still reading somebody else's book.

• 56:25Speaker 01

  Right.

• 56:25Speaker 00

  Okay? And Dubai is where, but I mean, I've got, Sally and I were there five months ago for two closings for two of my kids. One, Nellie, and this is public information, so I'm not doing anything bad. A hundred million dollar closing at the close. The government took 20 million of his money, so he only got 80 million.

• 56:46Speaker 01

  Okay.

• 56:47Speaker 00

  Happens all the time.

• 56:48Speaker 01

  Okay.

• 56:48Speaker 00

  Yesterday, 50 grand at the close, taken. An extra fee that came up.

• 56:54Speaker 01

  Where was this?

• 56:55Speaker 00

  Dubai, okay. And then the Carlings, who just are from Dundee, sold their company to a Japanese company. And the close wasn't in Dubai, but they were there, so we celebrated their deal. And they sold for a few hundred million bucks their maintenance company, which is all over the UK. But Dubai is where it's happening. But, I mean, you gotta know who you're in business with. And there's two or three non-Dubai-based law firms. In other words, American or English-based law firms that have run the test of time there. And if you don't have one of those guys and/or a Dubai partner that is born and bred

• 57:39Speaker 00

  and that carries a Dubai passport, you can get fucked very easily.

• 57:44Speaker 01

  Okay.

• 57:44Speaker 00

  Very easily.

• 57:45Speaker 01

  It's better than it used to be, but it's still...

• 57:47Speaker 00

  Oh, yeah, it's still, it's still.

• 57:48Speaker 01

  Because you used to, a few years ago, you had to have an Emirati on your board or in your company. I mean, that's changed, but still, you gotta watch it.

• 57:56Speaker 00

  You have to watch it.

• 57:57Speaker 01

  What's Hagganelli buying there?

• 57:58Speaker 00

  Huh? No, no, well, he...

• 58:00Speaker 01

  He's the South African glamber. I'm wondering what he's doing in there.

• 58:03Speaker 00

  He closed the fund to buy part of De Beers.

• 58:07Speaker 01

  Okay. And they were there?

• 58:09Speaker 00

  The money's there.

• 58:10Speaker 01

  The money, oh, the money was there.

• 58:11Speaker 00

  And he's paying, I think, 2.5% interest.

• 58:16Speaker 00

  And lump sum, 25 years.

• 58:20Speaker 01

  Okay.

• 58:20Speaker 00

  No payment, nothing.

• 58:22Speaker 01

  Okay.

• 58:22Speaker 00

  Interest or principal for 25 years.

• 58:24Speaker 01

  Okay, he got that financing in Emirates.

• 58:27Speaker 00

  You can't find that anyplace legit.

• 58:29Speaker 01

  Okay. Of all that, of the area, Dan, and I know you know the area. If you look at Saudi, Qatar, Emirates, and again, in my seminar, we had a Qatari guy there. So I know you know all those guys. I know you've been doing business in Kuwait and everywhere since the beginning. Which, if you had to go to one of those places now, at, say, you were 30 years old, which one would you go to?

• 58:50Speaker 00

  The same one I went to, Kuwait.

• 58:52Speaker 01

  Really?

• 58:53Speaker 00

  But, I mean, I was dealing with the top dog.

• 58:56Speaker 01

  Okay.

• 58:57Speaker 00

  Al Saba.

• 58:58Speaker 01

  Okay.

• 58:58Speaker 00

  Okay.

• 58:59Speaker 01

  What if you weren't in the oil business and you were just going today, but, Penya as a young man? I know you would've said Saudi 10 years ago, but Dubai and then do business in the area.

• 59:08Speaker 00

  Now, I'm not as familiar with Abu Dhabi.

• 59:11Speaker 01

  It's quieter where all the money is.

• 59:14Speaker 00

  Yeah.

• 59:15Speaker 01

  That's what everyone says. And where the oil is, obviously.

• 59:18Speaker 00

  But I mean, oil, it costs about two bucks to get the oil from discovery to extraction. In America, it's fifty-two bucks.

• 59:29Speaker 01

  Oh, really?

• 59:29Speaker 00

  There's no comparison.

• 59:31Speaker 01

  Okay, it's two bucks out there.

• 59:32Speaker 00

  Two, actually less than two.

• 59:34Speaker 01

  It just flows right to the surface.

• 59:35Speaker 00

  I mean, you can almost dig it with your hand.

• 59:37Speaker 01

  Okay, everywhere out there.

• 59:39Speaker 00

  Yeah, yeah.

• 59:39Speaker 01

  So it's just, okay. So really, money just flows from the earth there?

• 59:44Speaker 00

  Correct.

• 59:44Speaker 01

  Okay.

• 59:44Speaker 00

  I mean, literally. And there's a thing in the Quran, I forget where, I've read it, about goodness flowing from the earth. And that's, you know, the oil.

• 59:54Speaker 01

  Did he know? Did Mohammed know?

• 59:56Speaker 00

  No, he didn't. But Jay Paul Getty, who discovered oil in Saudi Arabia in nineteen twenty-six or whenever it was, was looking for water.

• 1:00:03Speaker 01

  Okay.

• 1:00:04Speaker 00

  Okay, because if they didn't get water there, they'd be dead now. There'd be no Middle East.

• 1:00:09Speaker 01

  Okay.

• 1:00:10Speaker 00

  Okay, so Serendipity, Allah's will, water.

• 1:00:13Speaker 01

  So Getty found the oil?

• 1:00:14Speaker 00

  Yeah, correct.

• 1:00:15Speaker 01

  Wow. And he owned it for a while and then he had to give it back?

• 1:00:18Speaker 00

  Yeah, yeah. Well, no, he didn't give it back. He sold it back.

• 1:00:20Speaker 01

  Okay.

• 1:00:20Speaker 00

  For a lot more than, you know, it only costs, in those days, it costs eight hundred bucks to drill a well. He was charging then eighty thousand. So, and he drilled six, eight, nine hundred wells.

• 1:00:35Speaker 07

  What the London Real Investment Club actually does for you, it gives you the keys to open that door to the inside deals. In the last three weeks, I've participated in three incredible deals. A layer-two Bitcoin protocol, an incredible AI protocol. The deal flow is beyond what I expected. I don't think I've ever seen a model like this that just gives average folks the opportunity to be behind the deals. And that's exactly what we've done. Not only that, you get to hang out with Brian Rose every week. And for me, that was huge because I look at Brian as somebody who's not only an expert in the space and I think is on the leading edge, but just the leading edge of thought with London Real and the work he's doing there. To anyone who's taking a serious look at this, I know it's a big decision.

• 1:01:17Speaker 07

  It was a big decision for me and my family, and it is one of the best decisions I've ever made. So I wish you all the best and hope you come join us.

• 1:01:31Speaker 00

  So he made a bunch of money there. But the problem when Getty died, he did everything in the foundation, never paid a dollar tax. He's famous for having a payphone in his house.

• 1:01:41Speaker 01

  And for not paying ransom to his grandkid.

• 1:01:43Speaker 00

  Exactly. And he, oh god, I met the kid without missing a year, he's dead now.

• 1:01:49Speaker 01

  Really?

• 1:01:49Speaker 00

  I mean, talk about fucked up. You know, he says, "I have 12 more grandchildren," according to Getty's legend, "would you hear their names and their addresses?"

• 1:01:57Speaker 01

  Go grab them?

• 1:01:58Speaker 00

  Yeah.

• 1:01:59Speaker 01

  And they got the kid back eventually?

• 1:02:01Speaker 00

  Yeah, the Italian, it's the only time the Italian secret police, secret service,

• 1:02:06Speaker 01

  Did something.

• 1:02:06Speaker 00

  And the joke is, they bumped into him by accident.

• 1:02:10Speaker 01

  Okay, do you watch that show called Landman?

• 1:02:12Speaker 00

  Yo, I love it.

• 1:02:13Speaker 01

  You love it?

• 1:02:13Speaker 00

  That's what I used to do.

• 1:02:14Speaker 01

  That's what I'm kinda, when I'm watching it, I'm wondering what is Penney doing to this? So you used to do that?

• 1:02:19Speaker 00

  Exactly.

• 1:02:20Speaker 01

  Really?

• 1:02:21Speaker 00

  Multiples.

• 1:02:22Speaker 01

  Okay.

• 1:02:22Speaker 00

  But I, he went and got money, if you're up to date with it, from the Mexican drug cartels.

• 1:02:27Speaker 01

  Yeah, yeah.

• 1:02:28Speaker 00

  By accident.

• 1:02:29Speaker 01

  Yeah.

• 1:02:29Speaker 00

  But I was getting money.

• 1:02:30Speaker 01

  That wasn't happening back then?

• 1:02:31Speaker 00

  No, I got money from the Japanese government, I got money from the British government, I got money from different governments.

• 1:02:39Speaker 01

  Cause they saw the returns.

• 1:02:40Speaker 00

  And I convinced the Kuwaitis to give me money to build an oil company. They need another oil company like they need AIDS.

• 1:02:46Speaker 01

  Yeah.

• 1:02:46Speaker 00

  But I sold them on the idea. But one of the big Al-Saba's just converted yesterday from being a Muslim to being a Christian. The number 4 or 5 Al-Saba, I mean, he said, "I'm gonna wind up dead, I probably won't make it through the weekend." He's absolutely correct.

• 1:03:01Speaker 01

  Okay.

• 1:03:02Speaker 00

  I mean, for one of the, cause there's 15 or 1800 Al-Saba princes in Kuwait. There's only 6 that make any difference.

• 1:03:10Speaker 01

  Okay.

• 1:03:10Speaker 00

  He's one of those 6.

• 1:03:11Speaker 01

  Ah, and he converted?

• 1:03:13Speaker 00

  Converted.

• 1:03:14Speaker 01

  YouTube generation.

• 1:03:15Speaker 00

  Yeah.

• 1:03:16Speaker 01

  That wouldn't have happened back in the day.

• 1:03:17Speaker 00

  No, no, no, well, they would have never let him out in the public, they would have chopped his head off.

• 1:03:21Speaker 01

  Okay, so Landman is you?

• 1:03:23Speaker 00

  Yeah.

• 1:03:23Speaker 01

  I was wondering what you were doing at Great Western, so it was a version of that?

• 1:03:26Speaker 00

  Correct.

• 1:03:27Speaker 01

  Shucking and jiving, buying rights, buying low, selling high, trying not to go bankrupt, trying to make a deal where nobody can see the deal?

• 1:03:33Speaker 00

  Correct.

• 1:03:34Speaker 01

  Speculating, okay.

• 1:03:36Speaker 00

  Yeah.

• 1:03:36Speaker 01

  Okay, and it's that crazy?

• 1:03:38Speaker 00

  Yeah, it is crazy.

• 1:03:39Speaker 01

  You once, I remember you saying, "Talk is cheap, but it costs money to buy whiskey in West Texas."

• 1:03:45Speaker 00

  Yeah, yeah.

• 1:03:46Speaker 01

  And that's West Texas? No BS?

• 1:03:48Speaker 00

  Yeah.

• 1:03:49Speaker 01

  God forbid in place?

• 1:03:51Speaker 00

  It still is to this day.

• 1:03:52Speaker 01

  It looks like on the show.

• 1:03:53Speaker 00

  It's just... They used to say, uh, when you get in a jet, the first, uh, one of my buddies who was a billionaire, he had a G2 at the time. You gotta stand up, and this sounds awful, stand up like, like a real man. He was referring to the Middle Eastern guys are short, okay? You can stand up like a real man, Danny. You gotta have a goddamn jet, you can stand up like a real man. You use my, my plane until you can afford to get one.

• 1:04:16Speaker 01

  Right, so you don't have all those tiny jets?

• 1:04:18Speaker 00

  Exactly.

• 1:04:18Speaker 01

  You have the big jet.

• 1:04:19Speaker 00

  Correct.

• 1:04:20Speaker 01

  Stand up like a real man.

• 1:04:21Speaker 00

  Yeah, yeah.

• 1:04:21Speaker 01

  Okay, and that's what you had?

• 1:04:22Speaker 00

  Our net jet, you can stand up in.

• 1:04:23Speaker 01

  You can, like a real man, okay. And at Great, at Great Western, you had a real man jets.

• 1:04:27Speaker 00

  Yeah.

• 1:04:28Speaker 01

  Okay. Alright, so the next five years, if, if Trump stays longer, you're doing QLA, you're fixing the Catholic Church, and you're enjoying your life a little bit more. Going to space and these kinds of things like that.

• 1:04:39Speaker 00

  Yep, yep.

• 1:04:39Speaker 01

  Okay. And the world, under Trump, we're gonna be okay? Uh, but otherwise, long-term, we're kinda fucked? You mentioned AI, 20 to 60% of the jobs lost. Does that end in chaos everywhere? Can everybody be on a universal basic income?

• 1:04:54Speaker 00

  No.

• 1:04:54Speaker 01

  Are there gonna be new jobs?

• 1:04:56Speaker 00

  Elon, who I have a, Elon is, 100 years from now, they're gonna say he was the, uh, our current Michelangelo.

• 1:05:02Speaker 01

  Okay.

• 1:05:03Speaker 00

  Okay. But he said something yesterday, the day before, which, uh, took me back. Uh, he said that, um, the, uh, we're gonna be in a no money, no job economy. Now, he wasn't talking 20, 40 years from now, but he says the ultimate. No job, no money, and like social, to me, that sounds like socialism. Well, if there's another word for it, I don't know what it is. And he says, the, the things that people bitch about now, he said, we was talking about woke. Well, nobody will care, because they're gonna be taken care of. Now, he called it universal wealth.

• 1:05:37Speaker 01

  Yes. It's smart how he did that.

• 1:05:39Speaker 00

  Yeah, well, yeah. He's a smart guy. He's a super smart guy.

• 1:05:43Speaker 01

  You're, you're a fan?

• 1:05:44Speaker 00

  Oh, yeah, yeah, I'm a big fan. And the, uh, I, I know some of the guys, uh, that, um,

• 1:05:51Speaker 00

  not advise him, but, uh, he works with an ex, uh, JP Morgan guy, who lives actually in the, in Los Angeles, uh, pays a lot of money, uh, to solve problems.

• 1:06:04Speaker 00

  But he's, you know, he does sleep on the floor of the plants and he does all that stuff and the, and now when you suggest that, we had a deadline here a year, year and a half ago, one of the companies and I don't care if anybody ever goes home. It was over Easter, I guess. I don't give a fuck. I don't care if your fucking wife's having a baby. This motherfucker's not there, I'm gonna close it down and I'm gonna make sure, I allegedly said this, make sure that the pension plan goes bankrupt.

• 1:06:36Speaker 00

  It got done. Now that's, you shouldn't have to do that.

• 1:06:39Speaker 01

  Right.

• 1:06:39Speaker 00

  It's a shitty way to run a railroad.

• 1:06:41Speaker 01

  Okay. But you have to.

• 1:06:43Speaker 00

  Yeah, I mean, fear still works.

• 1:06:45Speaker 01

  Right.

• 1:06:46Speaker 00

  And when I come to the, these sites, the banks don't wanna meet with me. We had a banking meeting about 10 months ago, cause Sally and I formed a big foundation and we put a bunch of money in and blah, blah, blah, and they said for the signing, and I wanted to go and get my, just like you took my picture, and Mr. Penny's busy. We can send a courier up for him to sign it there. Cause I'll have the chairman of the, what about this, what about that, you know?

• 1:07:12Speaker 01

  They don't wanna deal with you.

• 1:07:13Speaker 00

  No.

• 1:07:14Speaker 01

  That's been going on for decades, though.

• 1:07:15Speaker 00

  Yeah, yeah, yeah. If you fuck something up, I used to have a, oh, I just celebrated 50 years, a few years ago, American Express, I've had my Black Card or whatever it's called, I didn't get a letter, I didn't kiss my ass, go fuck yourself. So I called, started making calls, and apparently I have a committee of six that are supposed to manage me. I never heard from these guys. And then, you know, I started bitching. Now, I was, when I was in, at the Vatican, there was a senior guy who was part of my group of eight guys, and he made the same mistake when his 50 years came up. He called and he said, I got a committee of five. I never heard of these guys.

• 1:08:00Speaker 00

  Maybe on a, on a chart or on a spreadsheet, we've got people, you know, that have been there for 50 years, etc. I did the same thing with Rolls Royce. Owned Rolls Royce for 50 years. I actually got a blurb in the Rolls Royce newsletter that I've had Rolls Royces since I'm 26 years old, blah, blah, blah, blah. But service is, service if it's convenient. And in most places.

• 1:08:28Speaker 00

  The pubs here, used to be on Friday afternoon from 3, 3:30.

• 1:08:35Speaker 00

  You couldn't get a beer, because they were so overflowed.

• 1:08:38Speaker 01

  Yeah.

• 1:08:38Speaker 00

  Okay?

• 1:08:39Speaker 01

  Yeah.

• 1:08:41Speaker 00

  Or they're on the highways to go home. Or the tubes, you couldn't get even standing in a tube. But, I want to get back and answer your question, why I know it's fucked up. Now, you're old enough to remember, but this didn't happen so much. Two years ago, on about 118th Street, taking the subway towards Harlem. Okay? A 43-year-old woman was gang raped by three black guys. There was 42 witnesses, 42, that signed as witnesses. Not one of them dialed 991, or is it 991, whatever it is there, okay? One of them took a picture. And the 40 people watched that old lady get beaten, raped, again, and again, and again.

• 1:09:27Speaker 00

  That's where we are.

• 1:09:30Speaker 00

  That's beyond my comprehension.

• 1:09:33Speaker 01

  And that's why we're fucked, is what you're saying?

• 1:09:34Speaker 00

  We're fucked. We're in moral demise. Some people started with home, maybe, home and church, maybe, we're fucked.

• 1:09:42Speaker 01

  Isn't Trump turning it around?

• 1:09:44Speaker 00

  He's one guy.

• 1:09:45Speaker 01

  I know.

• 1:09:46Speaker 00

  If he becomes king like Putin.

• 1:09:48Speaker 01

  Putin.

• 1:09:50Speaker 00

  Then I'm praying for his health to be better. And his hands to puff up, I'm his age. I know exactly what the fuck that is.

• 1:09:58Speaker 01

  You know what that is.

• 1:09:58Speaker 00

  And when your ankles puff up.

• 1:09:59Speaker 01

  It's worse.

• 1:10:00Speaker 00

  It's...

• 1:10:01Speaker 01

  So that's just something that happens?

• 1:10:03Speaker 00

  It happens as you get older.

• 1:10:04Speaker 01

  Okay, right. Yeah, look, he's, some days he looks tired, but he's going 100 miles.

• 1:10:09Speaker 00

  He fell asleep in a cabinet meeting.

• 1:10:11Speaker 01

  Yeah.

• 1:10:11Speaker 00

  Yesterday.

• 1:10:12Speaker 01

  Did he actually fall asleep?

• 1:10:13Speaker 00

  Yeah, he was asleep.

• 1:10:13Speaker 01

  Okay.

• 1:10:14Speaker 00

  And whoever sitting to his right.

• 1:10:16Speaker 01

  Rubio.

• 1:10:16Speaker 00

  Rubio, I think.

• 1:10:19Speaker 01

  Gave him a kick.

• 1:10:20Speaker 00

  Yeah, whatever you do.

• 1:10:21Speaker 01

  Yeah, I mean, he works a lot. He's on camera four times a day.

• 1:10:24Speaker 00

  Yeah.

• 1:10:24Speaker 01

  This is the greatest show on earth.

• 1:10:26Speaker 00

  Yeah, I need more sleep than he does.

• 1:10:28Speaker 01

  Okay, yeah, he does four or five hours or something, right?

• 1:10:30Speaker 00

  Yeah, I can't do that.

• 1:10:31Speaker 01

  The pace.

• 1:10:31Speaker 00

  When I was your age, I could do it.

• 1:10:33Speaker 01

  Right.

• 1:10:33Speaker 00

  Oh, my last trip to Europe, I decided, can I still do like I used to? So the first day I had eight meetings, the second day I had eight meetings, the third day I had nine meetings, the fourth I had 12 meetings. I can't do it anymore.

• 1:10:47Speaker 01

  Really?

• 1:10:48Speaker 00

  I come home to the hotel, "What's wrong with you?" "I don't feel like dinner tonight."

• 1:10:56Speaker 00

  And so Sally dancing around and trying to make me happy. Maybe a drink, maybe a drink will make you feel better. So I'd have a couple of drinks and maybe feel not that much better, but rather than disappoint Sally, we went out to dinner and so, uh, but I used to do those back to back, jump on a plane, you know, because we were public in Amsterdam and London, back and forth.

• 1:11:17Speaker 01

  Right.

• 1:11:17Speaker 00

  But I can't do that anymore.

• 1:11:19Speaker 01

  Okay, is jet lag still in your mind?

• 1:11:21Speaker 00

  Well, no, no, jet lag's not, for 80 year olds, it's real.

• 1:11:23Speaker 01

  Okay, if everybody else is in their minds.

• 1:11:25Speaker 00

  You're a cunt.

• 1:11:26Speaker 01

  Okay. Is London gonna get better? Is the UK have any chance of turning it around? I always say there's no Trump.

• 1:11:32Speaker 00

  Not under current government. And the things I ran, I only got 700 votes, 703 votes.

• 1:11:36Speaker 01

  Yes, politics.

• 1:11:37Speaker 00

  The same things I said this government, whoever gets in is gonna do, they've done.

• 1:11:43Speaker 01

  Right.

• 1:11:43Speaker 00

  And up in Scotland, they said, you're crazy, you're just a lying American. And now they've done all these things. And whether the black hole was 6 million or 30 million, nobody's managed to finance here right since Korean War. NHS has been fucked up. Wilson, former prime minister in 1964, said on its 25th anniversary and its 20th anniversary, the day we signed the papers in 1947 or 48, NHS was fucked up. And now in 1964, at their 20th reunion or whatever it is, it's still fucked up.

• 1:12:17Speaker 01

  Really?

• 1:12:17Speaker 00

  And I have the CEO, former CEO of NHS on one of my boards. He says, if you knew, if the public knew what I know, they'd be afraid to go to NHS.

• 1:12:30Speaker 01

  That bad? Big surprise. Are they gonna break it up at some point? Cause I know your mentees are waiting, they're waiting with bated breath.

• 1:12:37Speaker 00

  Yeah.

• 1:12:38Speaker 01

  If they break that up, you'll stay another five years doing QLA.

• 1:12:41Speaker 00

  I'll be, I'll be the first trillionaire. Because if they do break it up, there are multiple trillions to be made.

• 1:12:51Speaker 01

  And they should break it up, right? They should, it should not be a public vehicle, right?

• 1:12:58Speaker 00

  I believe in universal health for old Gits. And now I am an old Git. Uh, you know, when I go to the NHS, I went to get a booster or some fucking shot. Well, two, oh, the other thing, two years ago, I almost died from blood poisoning. I went in for, uh...

• 1:13:17Speaker 00

  A minor procedure and I came home and I wanted blood poisoning. And so I almost died at nine wells. And the, but they came together somehow as disorganized as they look. They had five junior doctors there that didn't know how to spell doctor. But they figured it out.

• 1:13:38Speaker 01

  They pulled it off.

• 1:13:39Speaker 00

  Yeah, but I didn't die.

• 1:13:40Speaker 01

  They seemed to pull it off at the last minute.

• 1:13:42Speaker 00

  Yeah, but shit.

• 1:13:43Speaker 01

  Yeah.

• 1:13:43Speaker 00

  How many people do they lose?

• 1:13:45Speaker 01

  Yeah, yeah.

• 1:13:46Speaker 00

  I don't want to be the one that they lost.

• 1:13:48Speaker 01

  Okay. Now, they still say there's good AI talent and there's still smart people coming from the UK.

• 1:13:55Speaker 00

  Correct.

• 1:13:55Speaker 01

  And I don't know, I never know if it's lip service. Like when Jensen from Nvidia comes over here, he said, oh, the UK has so much potential because of the universities. I can't ever tell if they're just lip service or is that actually true?

• 1:14:05Speaker 00

  Well, part of it's lip service, but man's greatest burden is unfulfilled potential. I mean, that's easy to say, but smart guys.

• 1:14:15Speaker 00

  But the smartest, let's see, Gates, Jobs, Jack Welsh amongst others said, the smartest people on the planet today all come from southern India. And if you look at the CEOs of the Fortune 500 companies in America, okay,

• 1:14:33Speaker 00

  75% are Indian.

• 1:14:36Speaker 00

  They're just naturally smart. And they have a gift.

• 1:14:43Speaker 00

  Their synapses fire vis a vis tech, especially AI. But AI is, is 75% of the AI startups are going to fail, maybe 95. Just like all the other failures. But there's a lot of money to be made.

• 1:15:00Speaker 01

  Are you impressed when you see the tech? It's something special and something different.

• 1:15:03Speaker 00

  Yeah, well, I'm involved. I just took over as chairman seven or eight months ago for something that I didn't start. I rarely do that. But the kid came up, he's 33.

• 1:15:14Speaker 00

  And he's, you know how the guy that Zuckerberg's people offered 125 million and Zuckerberg made it 250 million?

• 1:15:23Speaker 01

  Yeah, was it the Aqua hire for that kid, that young kid?

• 1:15:26Speaker 00

  Yeah.

• 1:15:27Speaker 01

  Yeah.

• 1:15:27Speaker 00

  Okay, he's that kind of kid.

• 1:15:29Speaker 01

  Okay.

• 1:15:29Speaker 00

  Okay. And he's just.

• 1:15:33Speaker 00

  He's too gifted for his own good.

• 1:15:37Speaker 00

  And he's come up with a, it's AI in finance and

• 1:15:42Speaker 01

  Okay.

• 1:15:43Speaker 00

  And it's

• 1:15:43Speaker 01

  So you're deep into it as chairman?

• 1:15:46Speaker 00

  I have, rarely do I bring Sally into meetings with me, but she's attended almost all the meetings. Because there's some of the concepts, I'm too far behind to catch up.

• 1:15:55Speaker 01

  Okay.

• 1:15:56Speaker 00

  And I know when I'm too far behind to catch up, you know?

• 1:15:59Speaker 01

  But there's money there, a lot of it.

• 1:16:01Speaker 00

  A zillion. Preliminary evaluation, eight hundred million. That's pre-money, pre-anything.

• 1:16:09Speaker 01

  It's crazy. Crazy. That's where all the venture capital is going now in AI, right? The last two years. Yeah.

• 1:16:18Speaker 00

  Yeah, I mean, it's, nobody would have ever thought that possible. But the numbers, you know, when I was doing this in the seventies and eighties, if you made four, five, eight million dollars, you made a lot of money. Now, I mean, they got assistants making that kind of money.

• 1:16:33Speaker 01

  Yeah. The whole thing's crazy.

• 1:16:35Speaker 00

  Yeah.

• 1:16:35Speaker 01

  I mean, back when I was on Wall Street, those were the only guys making that kind of money. And now, you could be a YouTuber making that kind of money. Like, you know, and you could be fifteen making that kind of money. But back in the day, it wasn't happening. Politics, are you done? What was the experience like? You know, you saw me, you saw me run for mayor in twenty-one. I don't think you thought it was a good idea. You told me later you thought it was a terrible idea.

• 1:16:56Speaker 00

  Well, knowing you, how I know you, it was something you needed to do.

• 1:17:02Speaker 01

  I had to get out of my system, just like you had to.

• 1:17:04Speaker 00

  Yeah, well, no, I did it for a different reason. I offered, first of all, the president of the, not NHS, but the Liberal Party, SNP,

• 1:17:14Speaker 01

  Oh, yeah.

• 1:17:15Speaker 00

  For one, one pound. I said, I'll do it for a pound. And until I turn it around. If I don't turn it around, I'll work there for a pound for the rest of my life. Okay, I got a nice letter, I was on the shortlist. The next week, Sweeney, they put Sweeney in. I'm told, whether it's true or not, the only reason Sweeney took the job, because it's a thankless job, it's not curable. After, they lost 126 seats. They only had six left, the one that I lost to was one of the ones, the guy, he kept a seat, he seems like a good guy. But, is the top of his pension. Because if you're head of, if you're a prime minister one day, you get a pension as prime minister. And so, whether that's true or not, I have no idea.

• 1:17:59Speaker 00

  But, politics is still the clans's. It's like the clans's are still-

• 1:18:02Speaker 01

  Up there in Scotland.

• 1:18:03Speaker 00

  Exactly, exactly.

• 1:18:05Speaker 01

  What'd you make of the whole process?

• 1:18:07Speaker 00

  Well, the process is archaic.

• 1:18:08Speaker 01

  Yeah.

• 1:18:09Speaker 00

  I mean, it's at least 100 or 200 years behind the times.

• 1:18:12Speaker 01

  Do you even want to be a politician?

• 1:18:13Speaker 00

  No, but I do know, I got almost 1,000 requests. Can you guarantee me this, you know how they do a prime minister's questions? And I could not have done it in a full-time, keeping my other business interests. So, if I had been elected, I would have had to get rid of everything else if I was gonna do a good job.

• 1:18:33Speaker 01

  Yeah.

• 1:18:33Speaker 00

  So, in that regard, you know, it worked out for the best for me. But, I mean, I talked to politicians, and they talked. Everybody's got two agendas. And the third agenda is, how do I turn this experience when they throw me out into money?

• 1:18:50Speaker 01

  Yeah. Liz Truss just started a podcast.

• 1:18:53Speaker 00

  Oh, really?

• 1:18:54Speaker 01

  Yeah, yeah. 49 days in office, now she has her own podcast.

• 1:18:58Speaker 00

  By the way, I'm starting next month a podcast.

• 1:19:00Speaker 01

  Really?

• 1:19:00Speaker 00

  First time.

• 1:19:01Speaker 01

  Oh, my gosh. Wait, what's it called?

• 1:19:06Speaker 01

  Oh, yeah, you're interviewing people and you got them lined up, right? Everyone wants to be on your show.

• 1:19:09Speaker 00

  No, not everybody, but I mean, the-

• 1:19:13Speaker 01

  And why are you doing this?

• 1:19:16Speaker 00

  Because I still want to drag as many across the goal line as I can before I'm dead.

• 1:19:21Speaker 01

  Okay, and this is the best way to do it.

• 1:19:23Speaker 00

  And so, it's an additional way, additional tool, for me to reach more people. When I go back, when I go to Tampa tomorrow, in between my board meetings, I have four podcasts with a guy named Ben David, or Bit David, or...

• 1:19:44Speaker 01

  Yeah, Patrick Ben David.

• 1:19:46Speaker 00

  Yeah, and some other guys, which I'm not familiar with because I don't follow that stuff. And everybody so far has made their time available, because I have a tight schedule. And I appreciate that. Investment Club. Today I considered the best investment that I've ever made. We get four projects presented a week by their associated CEOs. Personally, I'm completely blown away by the quality of these projects. And I know of nowhere else where I would be given this same opportunity.

• 1:20:18Speaker 07

  Each weekday passes, I feel more appreciative of the fact that I'm a member of this group. The vibe was just tremendous. Everybody's on the same wavelength. We just clicked. Everybody listened to each other, enjoyed their company. It was just magical, magical. Take action. Don't take my word for it. Do the diligence you need to do. And I really hope that someday down the road, I see you in the club. It far exceeded expectations, without question.

• 1:20:51Speaker 00

  And I have one TV interview down there, Florida TV. And the guy that's the head of the program is an ex-Navy SEAL. One of the only, well, not, it's exaggeration, one of the only ones that I try to get to do my boots of suits. But I still remember when I called Jaco Waco, I mean, matter-of-factly. He says, "It took you seventeen to figure this out, Mr. Benya?" And I said, I kept saying, thinking I'm doing something wrong. All came back with a... The same answer. Fuck. You know.

• 1:21:29Speaker 01

  Just not ready for that idea.

• 1:21:31Speaker 00

  No. Well, not I guess not, absolutely not.

• 1:21:34Speaker 01

  But now you're embracing social media. Now you're a social media star.

• 1:21:37Speaker 00

  Well, you turned me on to social media.

• 1:21:39Speaker 01

  I know, and I'm going to hell for it.

• 1:21:41Speaker 00

  Yeah, yeah, you probably will go to hell for it. As long as I don't go to hell, that's fine. Um, the.

• 1:21:47Speaker 01

  Yeah, that was 11 years ago.

• 1:21:48Speaker 00

  Correct, 11 years ago. And the, uh, I still remember you walked me to the cab. Outside.

• 1:21:55Speaker 01

  Yeah, and you stood outside. It was at night. You said, Brian, can you see a green glow around me? And I thought, what the hell is this guy talking about? And I looked, I couldn't see it. You said, some people say I have a green glow.

• 1:22:05Speaker 00

  A lot of people.

• 1:22:07Speaker 01

  I believe it.

• 1:22:08Speaker 00

  I didn't believe this, but 21 years ago. Now passed away. Uh, Sister Superior. Uh, uh, in the, um, in the St. Teresa. Missionaries of charity. You're on a rocket ship to heaven, Mr. Penney. And we just want to hang along on the tail.

• 1:22:31Speaker 01

  That's what she said.

• 1:22:32Speaker 00

  Yep.

• 1:22:33Speaker 01

  Uh, I think you also said that night, you said, Brian, I change people's lives and I'm gonna change your life too.

• 1:22:37Speaker 00

  I do. I still do.

• 1:22:39Speaker 01

  Yeah.

• 1:22:40Speaker 00

  I still do.

• 1:22:40Speaker 01

  You still enjoy it?

• 1:22:41Speaker 00

  Yeah.

• 1:22:42Speaker 01

  You still get a kick out of it?

• 1:22:43Speaker 00

  I get a kick out of it. Uh, and when I'm proven wrong, when the guy showed up and I said it wasn't gonna make it.

• 1:22:50Speaker 01

  You like that?

• 1:22:51Speaker 00

  Yeah, I like that.

• 1:22:51Speaker 01

  Being proven wrong.

• 1:22:52Speaker 00

  Well, yeah. But I'm not that often proven wrong. But I like that. And he, that was his driving force, though. I'm not saying that's bad, but that was his driving force.

• 1:23:02Speaker 01

  Cause you told him he's not gonna make it.

• 1:23:03Speaker 00

  Yeah.

• 1:23:03Speaker 01

  You do that more often now?

• 1:23:04Speaker 00

  I said, you're never gonna be another Josh Kim. Okay?

• 1:23:07Speaker 01

  Yeah.

• 1:23:08Speaker 00

  And we've got, um, we've got a guy who, uh, stopped at 56 billion. He stopped. Went to sleep. And he could, he could have done 500 billion.

• 1:23:22Speaker 00

  And I kept after him and after him. And then after two, three years, I said, well, that's it for him.

• 1:23:29Speaker 01

  He had enough.

• 1:23:30Speaker 00

  He had enough.

• 1:23:31Speaker 01

  Okay.

• 1:23:33Speaker 00

  Well, people say, well, fifty-six billion, then, you know, wins enough's enough.

• 1:23:38Speaker 01

  What's your number right now? Because it's a lot more than a trillion, isn't it?

• 1:23:42Speaker 00

  Oh, yeah.

• 1:23:43Speaker 01

  Because when I met you, it was the fifty-billion-dollar man.

• 1:23:45Speaker 00

  And we kept it that way because I had one guy I could contact would stand up and say fifty billion. So I didn't have to go search for people that were endorsing me.

• 1:23:55Speaker 01

  Right, you could quantify it, right?

• 1:23:57Speaker 00

  Thank you.

• 1:23:57Speaker 01

  And then by 2020 COVID time, you had the sign behind you and you were now the trillion-dollar man. And then the last time I heard, there's like eight trillion.

• 1:24:08Speaker 00

  Eight point six.

• 1:24:09Speaker 01

  That's a lot of money, Dan.

• 1:24:11Speaker 00

  Yep.

• 1:24:13Speaker 01

  And it's going to keep going up?

• 1:24:14Speaker 00

  Yep.

• 1:24:16Speaker 01

  What do you think it'll be in 10 years?

• 1:24:19Speaker 00

  Well, I had a short-term goal of 10 trillion. If Trump stays in, when Trump stays in office, the sky's the limit.

• 1:24:28Speaker 01

  Anything can happen.

• 1:24:29Speaker 00

  I can't quantify it.

• 1:24:30Speaker 01

  Do you think the stock market is just going to go up and up and up for the next few years?

• 1:24:34Speaker 00

  Right now, okay. I came prepared, and I had an interesting, I had a hedge fund guy, a pretty successful guy at the last seminar. And I was talking, I used to be a Dow theorist back in the day, a chartist and all that stuff.

• 1:24:47Speaker 01

  Really? Yeah.

• 1:24:48Speaker 00

  Yeah.

• 1:24:49Speaker 01

  Okay.

• 1:24:50Speaker 00

  Yeah. When they said that I was an analyst, it's true, I was.

• 1:24:53Speaker 01

  Really? I didn't know that. And then you were a salesman.

• 1:24:56Speaker 00

  Yeah, but I liked selling and I could sell any, anything to anybody. I used to turn the charts upside down.

• 1:25:03Speaker 01

  Right. It's easier to sell when you have a chart.

• 1:25:06Speaker 00

  Yeah, but I mean, it doesn't matter what the chart said. And so, the, I, I enjoy, not being right so much, Sally says this is bullshit. But I enjoy taking a guy who, one of my mentees just died. He called himself the Hungarian Forrest Gump. He used to make thirty thousand euros a year and have enough money to give his kids Christmas presents. He'd sell cookies at the malls during Christmas. Peter Horace.

• 1:25:49Speaker 00

  He's dead now.

• 1:25:50Speaker 01

  Wow.

• 1:25:52Speaker 00

  Left his wife 600 million.

• 1:25:56Speaker 01

  How old was he?

• 1:25:57Speaker 00

  Forty-one.

• 1:25:59Speaker 01

  Was this the guy rolling up the hospitals and stuff in Hungary?

• 1:26:01Speaker 00

  Yes.

• 1:26:02Speaker 01

  Really?

• 1:26:03Speaker 00

  He had, there were seventeen, I'm glad you remembered, okay?

• 1:26:06Speaker 01

  He was a superstar.

• 1:26:08Speaker 00

  Absolutely. Uh, there were seventeen potential candidates he could roll up. He eventually rolled them all up.

• 1:26:15Speaker 01

  Wow.

• 1:26:17Speaker 01

  Went from thirty thousand euros a year to hundreds of billions.

• 1:26:21Speaker 00

  And he was just about to close his billion euro fund. But he died.

• 1:26:25Speaker 01

  What happened?

• 1:26:27Speaker 00

  Uh, he, uh, had a heart attack while, uh, pedaling his bicycle.

• 1:26:33Speaker 01

  Cause, uh, cause he was working too hard for QLA.

• 1:26:35Speaker 00

  Yeah, well.

• 1:26:36Speaker 01

  Is that true or not?

• 1:26:37Speaker 00

  Well, well.

• 1:26:37Speaker 01

  A lot of guys die on your watch, Dan Panga.

• 1:26:40Speaker 00

  And his wife would say that, and his wife, uh, was supposedly barren.

• 1:26:44Speaker 01

  Right, until he started QLA.

• 1:26:46Speaker 00

  She's got four kids. And the story, she's never told me this, I've never talked to her about this. How would you like it fifty-one little, uh, gorilla chewing on your nipple? Breastfeed.

• 1:26:57Speaker 01

  She wasn't happy with you about the kids? She had them at fifty?

• 1:27:01Speaker 00

  Fifty-one, the last one.

• 1:27:03Speaker 01

  Okay, did QLA have something to do with his demise, honestly?

• 1:27:06Speaker 00

  He may, he may have got sloppy.

• 1:27:10Speaker 00

  Well, he's not the only guy that's died.

• 1:27:11Speaker 01

  Forty-one, that's young.

• 1:27:12Speaker 00

  Yeah, yeah.

• 1:27:13Speaker 01

  But was he working hard? Of course he was.

• 1:27:15Speaker 00

  Yeah, like a dog.

• 1:27:17Speaker 01

  All right, but, and he still was, even though he'd already made it?

• 1:27:20Speaker 00

  Yep.

• 1:27:21Speaker 01

  Okay.

• 1:27:21Speaker 00

  They just moved into their twenty-four thousand square foot, um, house. On the lake, on fifty acres, uh, he's playing tennis with the president of Hungary.

• 1:27:37Speaker 00

  He was the guy.

• 1:27:38Speaker 01

  He basically privatized their healthcare system.

• 1:27:39Speaker 00

  Yeah, no, he didn't own all the government stuff.

• 1:27:43Speaker 01

  Okay.

• 1:27:44Speaker 00

  That was his next.

• 1:27:45Speaker 01

  Oh, his next move.

• 1:27:46Speaker 00

  He was gonna bid for the government stuff.

• 1:27:48Speaker 01

  How do you feel when a guy like that dies?

• 1:27:50Speaker 00

  I feel bad.

• 1:27:51Speaker 01

  Emotional about it?

• 1:27:51Speaker 00

  Yeah.

• 1:27:52Speaker 01

  But like, you're not the guy that gets emotional.

• 1:27:53Speaker 00

  No, I get emotional. I get emotional about stuff that... I was close to him. He'd come back to the seminar three times for nothing to try to, you know, and he'd say, "And I'm just a Hungarian Forrest Gump. I made thirty grand." And somebody in the audience says, "That's not even minimum wage." I don't know if that is or true or not, but fuck.

• 1:28:14Speaker 01

  Probably not.

• 1:28:15Speaker 00

  Hardworking little fuck. And when he would, you know, email me or email Cam, "I need to talk to Dan. I'm not sure what to do now." And I talked to him, and I said, "He's jerking you around. He's probably already sold it to somebody else." And when we did the research, he already sold the fucking company eighteen months before. And he's jerking poor Peter around for eighteen months before he did his first deal.

• 1:28:39Speaker 01

  Okay, all right. So you were helping him?

• 1:28:41Speaker 00

  Yeah, yeah, yeah.

• 1:28:42Speaker 01

  And then boom, he was the star.

• 1:28:43Speaker 00

  Yeah, and then he's dead.

• 1:28:44Speaker 01

  Now he's dead. And the wife blames you, who knows?

• 1:28:46Speaker 00

  Well, no.

• 1:28:47Speaker 01

  A lot of guys die around you. Wouldn't your Gulf Western, the guy that took over as president, didn't he die? And he was like...

• 1:28:52Speaker 00

  Charlie's Holiday.

• 1:28:54Speaker 01

  Marathon runner.

• 1:28:54Speaker 00

  He was forty-two.

• 1:28:55Speaker 01

  Resting heart rate forty or something crazy. And he died on the sofa in your house, I think.

• 1:28:59Speaker 00

  Yeah, yeah, correct.

• 1:29:01Speaker 01

  It's all very suspect, yeah.

• 1:29:02Speaker 00

  He was a boxer.

• 1:29:03Speaker 01

  Is he? Like me?

• 1:29:04Speaker 00

  Yeah, yeah, yeah. But he was a real athlete. He had been an All-American football player.

• 1:29:09Speaker 01

  Yeah, I'm not.

• 1:29:10Speaker 00

  I know.

• 1:29:11Speaker 01

  And I still went in there.

• 1:29:12Speaker 00

  Yeah, well, you know, more power to you.

• 1:29:14Speaker 01

  It was much scarier than doing an Ironman race, let me tell you, going to the boxing ring. Yeah.

• 1:29:22Speaker 00

  Now, remember, I started boxing at the seminars. The original idea was I was fighting everybody.

• 1:29:29Speaker 00

  Me?

• 1:29:30Speaker 01

  Right.

• 1:29:30Speaker 00

  Okay, it only lasted a couple of times because my insurance wouldn't cover me.

• 1:29:34Speaker 01

  You did this in the 90s or this came when you did it?

• 1:29:36Speaker 00

  No, no, in the 90s, the first time.

• 1:29:37Speaker 01

  Okay, so you'd done it way before?

• 1:29:39Speaker 00

  Yeah, yeah, and, and, and, you know, and the guys, you know, they say you were lucky just because you knocked all these guys out. Well, maybe it was, maybe it wasn't. I was also 25 years younger and I could hit like a fucking train.

• 1:29:49Speaker 01

  So you used to fight everybody?

• 1:29:50Speaker 00

  Yeah.

• 1:29:51Speaker 01

  Okay, I didn't know that.

• 1:29:52Speaker 00

  Yeah, yeah.

• 1:29:52Speaker 01

  And then you stopped it?

• 1:29:53Speaker 00

  And then when you were there?

• 1:29:54Speaker 01

  Yeah.

• 1:29:54Speaker 00

  They, they, they said, remember that somebody wanted you to fight me? And then you said, the comment was, have you, and I was taking a look at his shoulders, look how thick he is. You said something like that?

• 1:30:05Speaker 01

  Did he say that?

• 1:30:05Speaker 00

  Yeah, and, but, these guys, um, occasionally we get a guy that knows what he's doing. I mean, really knows what he's doing, but that's so rare.

• 1:30:13Speaker 01

  Yeah, guys train just to come to the seminar.

• 1:30:15Speaker 00

  This is the first time we haven't had somebody seriously hurt.

• 1:30:18Speaker 01

  This last one?

• 1:30:18Speaker 00

  Yeah, we, we cut that part out, that doesn't go on YouTube.

• 1:30:21Speaker 01

  Yeah, I mean, you've got some bad injuries.

• 1:30:23Speaker 00

  We had some, um, we had, the best fight we ever had were two women. I didn't know, one was AAU and one was something else, um, fought at, at Oklahoma or something.

• 1:30:35Speaker 01

  Okay.

• 1:30:35Speaker 00

  And they, they really could fight.

• 1:30:37Speaker 01

  They went at it?

• 1:30:38Speaker 00

  Yeah.

• 1:30:38Speaker 01

  Okay.

• 1:30:39Speaker 00

  Yeah.

• 1:30:39Speaker 01

  I think it's a big part of it.

• 1:30:40Speaker 00

  And, they recognized each other from their Golden Gloves days.

• 1:30:43Speaker 01

  No way.

• 1:30:43Speaker 00

  Yeah.

• 1:30:44Speaker 01

  And they still went at it?

• 1:30:47Speaker 01

  The boxing's good. You know, I was, I, I did it with you and I was scared. Nobody wanted to fight because it was hardcore. So I thought, everyone's gonna fight, thought the Goomba brothers were gonna fight. And I was like, alright guys, we're all gonna fight. And they're like, no, no, we did it when we were at the regular seminar. And so it was, it was like four of us that fought that night. And then I had some dude that was eight kilos heavier than me. I'm walking back to the castle to get changed and I said, uh, I said, uh, you ever do any boxing before? And he's like, no, never, just Thai boxing. And I was like, oh, fuck.

• 1:31:15Speaker 00

  Yeah, I remember that.

• 1:31:16Speaker 01

  Oh, fuck. And then I went in there and he was trying to take my head off. But that planted the seed in me. And then when I got the chance a few years later, I decided I needed to do it.

• 1:31:24Speaker 00

  So who, who are you fighting next?

• 1:31:26Speaker 01

  Look, I've had two fights. Every time I say, can you get someone my age with no experience? They always come back and say, I gotta get this 27 with fights. Or this fucking South African kid, 19, 6 foot 3. Oh yeah, supposedly no experience. I was like, yeah, right. But look, I'm glad, I'm glad he was game. I didn't want somebody I could just take out. And he pushed me, he hit me hard. And I had to find out if I, if I was gonna be there. And so...

• 1:31:51Speaker 00

  Did well.

• 1:31:51Speaker 01

  It was, I'm glad.

• 1:31:52Speaker 00

  I agree, if the fight had gone longer.

• 1:31:54Speaker 01

  I would have had it.

• 1:31:55Speaker 00

  Yeah.

• 1:31:55Speaker 01

  Thank you, I appreciate it.

• 1:31:56Speaker 00

  I thought that was gonna be a draw.

• 1:31:58Speaker 01

  That one. The thing is, is that I slipped and went down on a knee. And then Singapore, you know, they only employ Singaporeans, so you had this old lady who was the ref. Like, I don't even know, she's been in a boxing match before, and she's giving an eight count on me. I didn't know what the fuck was going on, because the guy had hit me like eight times in the head, and apparently I was supposed to protest it. And be like, no, I'm fine, because he didn't actually hit me.

• 1:32:18Speaker 00

  Actually, your manager or your coach is supposed to protest it.

• 1:32:21Speaker 01

  So I should.

• 1:32:22Speaker 00

  So you picked somebody off the street to be your second, right?

• 1:32:25Speaker 01

  Chris is my good, he's been training me for 20 years. But like, we both realized later, we should have said something. Now, it might not have made a difference, but that loses me a point right there. But, you know, professional boxer.

• 1:32:35Speaker 00

  And every point counts.

• 1:32:36Speaker 01

  And every point, but a professional boxer, David Haye, said I won the next two rounds, so I should have won. But it's okay, I'm still glad I did it. Look, the problem is, Dan, is a month before the fight, you wake up at 2:00 in the morning, and all you're thinking about is this fucking kid. He's gonna fucking kill me, or I'm gonna kill him, and it just, it takes a lot of mental bandwidth.

• 1:32:53Speaker 00

  Some of my other mentees are boxing, each other. A real estate guy from down south.

• 1:32:58Speaker 01

  Okay.

• 1:32:58Speaker 00

  Named Reed, boxed another one of my mentees. And they put each 100 grand up.

• 1:33:04Speaker 01

  Okay, nice.

• 1:33:04Speaker 00

  Okay, and the kid beat the older guy, and then I just, he just sent me another one, where he fought, and it was a split decision this time. And the, so there are people, not everybody loves each other, do these podcasts. And if you say something bad about somebody, and then their cousin or their wife or somebody, and then they wanna box.

• 1:33:28Speaker 01

  It's a good experience. I'm glad you're doing it at the castle. Because what you tell the kids, if you can get in the ring, it makes cold calling look like a joke.

• 1:33:34Speaker 00

  Correct.

• 1:33:35Speaker 01

  And you're right.

• 1:33:35Speaker 00

  I agree 100%.

• 1:33:36Speaker 01

  And you're right, once you go through that, then you ask yourself, I'll be honest, and look, you taught me a lot about fear, Dan. And look, I wouldn't have been in the ring without you, let's be honest. I wouldn't run for mayor without you. I wouldn't have done the Ironman race without you. I wouldn't have a lot of things without you. Because I now look at fear as something I need to engineer into my life. That's QLA.

• 1:33:54Speaker 00

  Well, you already engineered too much.

• 1:33:56Speaker 01

  Yes.

• 1:33:56Speaker 00

  Okay.

• 1:33:57Speaker 01

  I know, I know. But at least I try to engineer fear or risk into my life.

• 1:34:00Speaker 00

  Yeah.

• 1:34:01Speaker 01

  Whereas before I was running.

• 1:34:02Speaker 00

  There's a way of mitigating risk.

• 1:34:04Speaker 01

  Right. But I'm trying to put myself in things that have a lot of. Upside and downside. Because, like you always said, everyone, nobody remembers your failures. They always remember your wins.

• 1:34:16Speaker 00

  Correct.

• 1:34:16Speaker 01

  Same with me. So, that's what I learned from you in QLA. I didn't roll companies, but I learned to try to embrace risk. I'm sure I need to do more.

• 1:34:26Speaker 00

  Yeah.

• 1:34:27Speaker 01

  I need to do more, right?

• 1:34:27Speaker 00

  And the older you are, the harder it is to

• 1:34:30Speaker 01

  Yes.

• 1:34:31Speaker 00

  start. And when we tell the old Gits, you know, um, when you're 20 years old, doesn't mean shit, you know?

• 1:34:38Speaker 01

  Yeah. I had my first boxing match at 53. The kid was 27. I was 54, the kid was 19. Alright, so, there you go.

• 1:34:47Speaker 00

  But everybody always say, "Look at what great shape he's in."

• 1:34:51Speaker 00

  Did you pay him to say that?

• 1:34:52Speaker 01

  No, but I'll take it.

• 1:34:55Speaker 00

  The, um, but on the opposite side of that, I think I might have mentioned it. We have guys that come to the seminar just to work up the courage to take somebody out for a coffee, you know, after three years, and then she says, "No."

• 1:35:10Speaker 00

  And I, I, I can't believe that, you know? I was gonna go to 24 Hour Fitness at 3:30 in the morning. Next time I'm in New York, I'm gonna meet this bitch, you know?

• 1:35:20Speaker 01

  The one that said no?

• 1:35:21Speaker 00

  Yeah, well.

• 1:35:24Speaker 00

  That's way beyond my comprehension.

• 1:35:25Speaker 01

  I know, but you're teaching these kids.

• 1:35:27Speaker 00

  Yeah, absolutely, and I still enjoy that. But I, when they, I teach them, and as a direct result of those teachings, they carry it across the goal line. That's when I feel the best. When, you know, because now I've taught them something, you know, that they can use in their future life.

• 1:35:45Speaker 00

  And it affects all, as you well know, it affects all your life. Not just, you know, your personal life, the, um,

• 1:35:54Speaker 00

  but, I mean, self-esteem is a motherfucker if it's not built in the first seven or eight years. The Catholic Church used to say, in their homily, pre-Vatican Council 1965, "You give us our," in Latin, "you give us your children the first seven or eight years, and we will own them for life." They've taken that out now. You know, but that's what they used to say, because that's when self-esteem's built. The Spartans, same thing, first seven or eight years. They, but most of the kids that are walking the streets here and that are listening to this would have been thrown in the pits. They wouldn't have got to be a Spartan, because, you know, you know, what good reason? And everybody's got rights now.

• 1:36:35Speaker 01

  Even the kids?

• 1:36:37Speaker 00

  Especially the kids.

• 1:36:38Speaker 01

  So, how do we turn this around? Or if you're somebody listening and you're about to have kids, how do you parent in a way where your kids don't become a bunch of-

• 1:36:44Speaker 00

  Well, there's a book by, uh, the, um, famous book written by Spock.

• 1:36:49Speaker 01

  That your mom had.

• 1:36:49Speaker 00

  Yeah, my mom got it by serendipity when she's walking through the line. She got the Reader's Digest version, uh, and she happened to get it. And she, uh, used that like the Bible, uh, and the, um... But it didn't, it didn't teach aggression, that book. It taught, uh, even-handed and looking at the other person's position. In the hood where I grew up, you weren't interested in the other gang's position.

• 1:37:13Speaker 01

  Right.

• 1:37:14Speaker 00

  Your position was the Holy Grail.

• 1:37:16Speaker 01

  Okay.

• 1:37:17Speaker 00

  Uh, and so, um-

• 1:37:18Speaker 01

  But your mom learned the opposite.

• 1:37:20Speaker 00

  My mom saw through that, saw through that. And, uh, and it was, it was, uh, almost impossible self for my dad because he was the antithesis of that. And to the day he died. My dad, when he was eighty-six or eighty-seven, tried to kill his doctor. And, uh, I mean, so...

• 1:37:38Speaker 01

  So, your mom was the yang to his yin.

• 1:37:40Speaker 00

  Yeah, correct.

• 1:37:40Speaker 01

  And that's why you are who you are today.

• 1:37:42Speaker 00

  Yep.

• 1:37:43Speaker 01

  Because mom was listening to Dr. Spock.

• 1:37:45Speaker 00

  Yeah.

• 1:37:45Speaker 01

  Okay. All right, so try to raise your kids stronger.

• 1:37:49Speaker 00

  Well, in today's world, it's even more important because now you have a million choices. I mean, information is almost instantaneous. Or it is instantaneous, really. Um, and a lot of the information, if not most of the information, depending on your political persuasion, is horseshit. I mean, it's not teaching you any, any good values. Uh, they're going to institute the draft in Germany again. I just heard this morning. Jesus Christ, you would have thought that Hitler came back.

• 1:38:19Speaker 01

  Germany's more woke than London or New York ever could be, right? That's what I hear.

• 1:38:23Speaker 00

  Yeah.

• 1:38:24Speaker 01

  I got people moving to Dubai from Germany and they pull me aside and they say it's so bad there.

• 1:38:29Speaker 00

  Yeah.

• 1:38:29Speaker 01

  You wouldn't recognize it.

• 1:38:31Speaker 00

  He's right, he's right. The, um... And they're not the most woke. There's other places that are worse. Uh, in the United States, the belt of support for Donald Trump are the least woke. You know, Central America, not Central America, Central United States.

• 1:38:50Speaker 01

  Yeah.

• 1:38:51Speaker 00

  But, uh, the, um, I mean, there's some, some- A communist is now mayor of New York.

• 1:38:57Speaker 01

  Yeah, I saw that.

• 1:38:58Speaker 00

  Uh, which is-

• 1:39:02Speaker 00

  I don't know if it should be hard to believe, but it happened.

• 1:39:04Speaker 01

  Yeah, probably shouldn't.

• 1:39:05Speaker 00

  A Muslim, well, he didn't call himself a communist, he calls himself something else.

• 1:39:09Speaker 01

  Social Democrat?

• 1:39:11Speaker 00

  Yeah, yeah, but I mean...

• 1:39:12Speaker 01

  We'll see if he actually does that stuff.

• 1:39:14Speaker 00

  Yeah.

• 1:39:15Speaker 01

  But yeah, it got him elected, right?

• 1:39:16Speaker 00

  Yep, and the city's upset, but there's a lot of people upset in the United States.

• 1:39:23Speaker 01

  What's it like when you go there? Well, you said that New York feels like there's animals and vibrant again.

• 1:39:27Speaker 00

  Oh, God.

• 1:39:28Speaker 01

  And...

• 1:39:29Speaker 00

  It's like they unlocked the cages at the zoo.

• 1:39:31Speaker 01

  Okay, and is that the US in general? Is there a little bit more of an...

• 1:39:34Speaker 00

  Well, I mean, certain pockets.

• 1:39:36Speaker 01

  Okay.

• 1:39:38Speaker 00

  The Eastern Seaboard is very business oriented. From Washington DC, actually from, not Maine, but Washington DC to the Keys. Oklahoma, Kansas, Texas, and that area, New Mexico. California is woke, all the way up to Seattle, Washington. And then there's a swath that comes down from the Great Lakes through the central United States that is really business oriented.

• 1:40:08Speaker 01

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• 1:41:02Speaker 00

  But healthcare, when I told Rick Scott, who was my lawyer, when he left me, I said, "You gotta go, uh, where should I go, Dan?" I said, "Healthcare," or I said, "Telco," which was internet at the time, and healthcare was going to 3% a year in 1985, 86. It's now going to 30% a year.

• 1:41:21Speaker 01

  Thirty.

• 1:41:21Speaker 00

  With no sign of it slowing down. People are living longer, they want to live longer, and contrary to what the social media and the news say, which obviously, as a liberal tent, you know, they can afford it. They can afford it, to grow older. When I was born, the average age of a male was like 54, 55. Now it's 87 or 86, something like that. And in my family, men lived to the early 90s to mid 90s, and women lived from late 90s to early hundreds. Without doing a push-up, my dad smoked five to six packs of cigarettes a day till he was 88. He lived to 91.

• 1:42:05Speaker 00

  And he drank at least a fifth of alcohol, spirits, a day, from the time he was 18 to 88. And never did a push-up. Lived to 91. So if I don't live to 100, 120, I mean, it's because somebody shot me. I mean, there's no fucking way.

• 1:42:21Speaker 01

  Otherwise, you're in good health.

• 1:42:22Speaker 00

  Yeah, I'm in good health.

• 1:42:23Speaker 01

  Besides the bad blood, blood whatever, a couple of years ago.

• 1:42:26Speaker 00

  Yeah, yeah.

• 1:42:27Speaker 01

  Why are you good?

• 1:42:28Speaker 00

  It just goes to show you, though, when I got blood poisoning, a plane can go down.

• 1:42:34Speaker 01

  Right. Something stupid can happen.

• 1:42:36Speaker 00

  Yeah.

• 1:42:37Speaker 01

  Black swan.

• 1:42:38Speaker 00

  Yeah, I always tell the Netfuck, NetJet guys, "Mr. Penny, were you a pilot? I'd still like to give you money."

• 1:42:46Speaker 01

  You give a little cash?

• 1:42:47Speaker 00

  Yeah, yeah, always.

• 1:42:48Speaker 01

  Just in case.

• 1:42:49Speaker 00

  Yeah, before we take off.

• 1:42:50Speaker 01

  Okay.

• 1:42:51Speaker 00

  Yeah, just to make sure that you're thinking about me and Sally in the back.

• 1:42:54Speaker 01

  Smart, smart. You said, "You think I should be taking more risk?"

• 1:42:59Speaker 00

  Yep.

• 1:43:00Speaker 01

  You always tell me that.

• 1:43:01Speaker 00

  Yeah, well, I do, because, I mean, you have more or less a riskless model.

• 1:43:05Speaker 01

  Okay.

• 1:43:06Speaker 00

  And I know more or less what you do, and the, um, there are ways of taking risks of what you do, and you know them better than I, and you're not doing that, okay? You, more or less, and I may be mincing words here, you have a quasi-subscription model, okay? If it was, your various schools, academies, et cetera, et cetera. And that's not, that's, you know, there's little or no risk for you, other than you have to sell them to re-up, or take another class, or an expanded class.

• 1:43:48Speaker 00

  And, you know, how long, it's like when Bitfucks got up to 117,000 four years ago. I said I'm not for it, but as a trader, an old trader, I would sell a third, keep two thirds. When Bitfucks got up to 125 or 30 just recently, I said, sell a third, keep two thirds. And one other time, I said, when it had a big spike. And if you do the maths, as they say here, instead of math, which I don't understand why they say maths, I mean, you'd still have, you know, about 40% of your Bitcoin that you started with, okay? And I have five or six Bitcoin bidding there, it's not because of me. They got in Bitcoin, we got two Romanian brothers from Chicago, they got in Bitcoin at 50 bucks, 80 bucks.

• 1:44:31Speaker 00

  Okay, and they went on dips, they've just continued to buy, they've continued to buy. I haven't talked to them in a year or two. But I'd rather be lucky than smart. But Jamie Dimon's more or less has my attitude, which is kind of a cross between his attitude, and Charlie Munger, and Warren Buffett. If my clients, even if they're idiots, and they want it, I'll make a market. And so, Wall Street, when PayPal said you could buy it with Bitfucks, and then when you could buy fractional Bitfucks, it's here to stay until some catastrophic black swan thing happens.

• 1:45:08Speaker 01

  And Trump's all in, the Trump family's all in, and the kids are all in. And he's pushing it, and now it's become a mainstream thing. They got the ETF, and all the banks want to get into blockchain, and...

• 1:45:19Speaker 00

  Yeah, well, it's mainstream when...

• 1:45:25Speaker 00

  The Fed does it.

• 1:45:26Speaker 01

  Right.

• 1:45:27Speaker 00

  And that

• 1:45:27Speaker 01

  Hasn't happened yet.

• 1:45:28Speaker 00

  No, I don't believe it is gonna happen.

• 1:45:30Speaker 01

  You know, okay, or it goes on the US balance sheet, you mean.

• 1:45:33Speaker 00

  Yeah, correct.

• 1:45:33Speaker 01

  Strategic reserve.

• 1:45:34Speaker 00

  Correct.

• 1:45:35Speaker 01

  Yeah, that hasn't happened yet.

• 1:45:36Speaker 00

  Well, maybe, maybe it will.

• 1:45:38Speaker 01

  And it's volatile as hell, you know, and most people can't handle it, that volatility.

• 1:45:42Speaker 00

  Yeah, a third of the people who were at the seminar in November, and I wasn't even following it, paid to come to the seminar with a bit of fuck.

• 1:45:50Speaker 01

  A third?

• 1:45:50Speaker 00

  A third.

• 1:45:51Speaker 01

  Okay.

• 1:45:52Speaker 00

  And I went from when it crashed to a hundred. Yeah, the seminar was on in November, late November, and you could see in the audience, I mean, it looked like they were sitting on eggs, you know, and the, but kids load up, you know, if you got 2% or 5% of your assets, that's one thing, but if you got a majority of your assets in it,

• 1:46:16Speaker 01

  Yeah.

• 1:46:16Speaker 00

  you're gonna live a very volatile life.

• 1:46:19Speaker 01

  Yeah, and you don't recommend that, but the kids do that, right?

• 1:46:21Speaker 00

  Absolutely, because they feel entitled, they should be able to make money faster. And one of the things that somebody told me here recently, people complain about the property ladder. They had explained what that meant to me. I don't, you mean, you can't afford to put a down payment on a house, right?

• 1:46:37Speaker 01

  Yeah, and then you can't buy the next house because you don't have the first house and.

• 1:46:40Speaker 00

  Okay, well, that was same with me when I bought my first house. I just went out and worked harder and increased my revenue so I could buy the first house.

• 1:46:52Speaker 01

  That's what Cardone said to me a few days ago. He said, all these people bitch and moan, he said, it's easier to own a house today than it was in 58 because you can go get the money.

• 1:46:59Speaker 00

  Yeah.

• 1:47:00Speaker 01

  That's what he said. But everyone just says they can't afford it because it's so much higher than it used to be.

• 1:47:04Speaker 00

  They're right about that.

• 1:47:06Speaker 01

  Okay.

• 1:47:06Speaker 00

  Yeah, I mean, if I'd have, if I'd have kept our two penthouses in my estate, Southern California,

• 1:47:17Speaker 00

  that's easily a hundred million in today's market value.

• 1:47:21Speaker 01

  Just sitting on that real estate.

• 1:47:22Speaker 00

  Yeah, and I sold them off, but I'm not concerned about that because I made it up in other ways.

• 1:47:32Speaker 00

  And so, but I don't worry, as Sally was telling me last night at dinner, "You don't worry about the stuff that most of us worry about." And I said, "Sally, I don't worry about anything." "'Cause I know, like I took a shit this morning, I can always make more money."

• 1:47:48Speaker 00

  Okay? I've had the gift to gab, I should've been Irish, since I'm seven, eight years old. So, as long as they don't cut my fucking tongue out, I'm not worried about making more money.

• 1:47:58Speaker 01

  Will you?

• 1:47:58Speaker 00

  I've lost, we were trying to add up, if I've lost a billion dollars, I've lost eight hundred and plus million dollars in my life.

• 1:48:07Speaker 01

  Lost?

• 1:48:07Speaker 00

  Lost!

• 1:48:08Speaker 01

  Okay.

• 1:48:09Speaker 00

  Off the balance sheet, and I made it back. And so, but most people are worried that they can't make it back. And that's never been my concern.

• 1:48:17Speaker 01

  So, what do you worry about?

• 1:48:19Speaker 00

  I worry about, now, I've got a real project that warrants my being serious. Keeping, uh, the Catholic Church is one recession away from bankruptcy.

• 1:48:31Speaker 00

  Muslims not. Christianity in general's not. Okay? Seventh-day Adventist, huh?

• 1:48:37Speaker 01

  Scientology's not.

• 1:48:39Speaker 00

  They're, they're all flushed with cash. But they didn't lose seven or eight billion that they had to pay in reparations for all the bad things they did. And in Los Angeles, the 1.56 billion they paid was dating back to 1930. So, the guys from 1930 to 1995-ish, 2000, you know, like Pontius Pilate was, it wasn't us, it wasn't us. But, um, almost every single pope, not almost, every single pope that was involved, knew about that. They just knew.

• 1:49:13Speaker 01

  So, that motivates you?

• 1:49:15Speaker 00

  Yeah.

• 1:49:15Speaker 01

  Okay.

• 1:49:16Speaker 00

  "'Cause I know I can do it."

• 1:49:17Speaker 01

  Right. Okay, so you want...

• 1:49:18Speaker 00

  I wanna be altar boy, who never got to be an altar boy.

• 1:49:21Speaker 01

  I mean, how'd you screw that one up, Dan?

• 1:49:23Speaker 00

  Well, my parents didn't have the eight dollars to buy me a little uniform.

• 1:49:26Speaker 01

  Okay, got you, okay, alright. What else do you worry about? You worry about your reputation?

• 1:49:30Speaker 00

  Yeah.

• 1:49:30Speaker 01

  That's important to you?

• 1:49:31Speaker 00

  Brand.

• 1:49:32Speaker 01

  Your brand. You worry about how you're gonna be remembered?

• 1:49:34Speaker 00

  Yep.

• 1:49:35Speaker 01

  Okay.

• 1:49:36Speaker 00

  Yep.

• 1:49:36Speaker 01

  How are you gonna be remembered?

• 1:49:38Speaker 00

  Well, the, uh, I won't get credit for, you know, the 25 million jobs I've created, et cetera, et cetera. I'll be gone, I have to be gone. But the deal I'm making with the church, I'm gonna do this, listen.

• 1:49:50Speaker 01

  Here we go.

• 1:49:51Speaker 00

  Upon my death, I'm gonna be canonized.

• 1:49:54Speaker 01

  Canonized is the process of recommending you to be a saint, is that right?

• 1:49:58Speaker 00

  I'm already in that process.

• 1:49:59Speaker 01

  Oh, really?

• 1:49:59Speaker 00

  Yeah.

• 1:50:00Speaker 01

  Before you're dead?

• 1:50:00Speaker 00

  Yep.

• 1:50:03Speaker 01

  How do you pull that off? I mean, Saint Teresa was, you know, she was helping people.

• 1:50:07Speaker 00

  I can sell anything to anybody.

• 1:50:08Speaker 01

  Okay. So one day you're gonna be a saint?

• 1:50:10Speaker 00

  Correct.

• 1:50:11Speaker 01

  What am I gonna call you, Saint Pena?

• 1:50:13Speaker 00

  Well, I haven't picked a name yet.

• 1:50:14Speaker 01

  You could pick a name.

• 1:50:15Speaker 00

  Yeah.

• 1:50:16Speaker 01

  Like a...

• 1:50:16Speaker 00

  I like Saint Daniel.

• 1:50:18Speaker 01

  Oh, so you can choose one of your names?

• 1:50:20Speaker 00

  Or anybody's name.

• 1:50:21Speaker 01

  My name, maybe, Saint London Real.

• 1:50:26Speaker 01

  Saint Daniel, maybe? Okay, not Saint Pena.

• 1:50:28Speaker 00

  Yeah, yeah.

• 1:50:28Speaker 01

  There's no other Saint Pena, is there?

• 1:50:30Speaker 00

  No.

• 1:50:30Speaker 01

  Mother Teresa, that's her first name, so she's... Is she a saint now?

• 1:50:34Speaker 00

  Oh, yeah.

• 1:50:35Speaker 01

  She's Saint Teresa.

• 1:50:36Speaker 00

  It only took 25 years after she died.

• 1:50:38Speaker 01

  That's a fast track.

• 1:50:39Speaker 00

  Yeah. But they just made a kid, 16 years old, a saint, Saint Carlo. He was 16 years old when he died. He's only been dead two or three years, and they made him a saint about a month ago.

• 1:50:49Speaker 01

  How's that work?

• 1:50:49Speaker 00

  Internet, blockchain.

• 1:50:51Speaker 01

  Fuck. Blockchain. He got voted.

• 1:50:54Speaker 00

  Yeah.

• 1:50:54Speaker 01

  Okay. All right, so you're gonna get canonized, and you wanna become a saint?

• 1:50:58Speaker 00

  Correct.

• 1:50:59Speaker 01

  Okay. You wanna be remembered. You're gonna... The digital footprint is gonna be how you're remembered. Is there gonna be a... Are you gonna leave us with an AI version of you?

• 1:51:07Speaker 00

  Uh, it's gonna be a hologram.

• 1:51:09Speaker 01

  Okay.

• 1:51:09Speaker 00

  When I die, all my stuff, including the stuff that's... 98% of everything I do is already online.

• 1:51:16Speaker 01

  Right.

• 1:51:17Speaker 00

  It's the 2%, the nuances, it's not.

• 1:51:19Speaker 01

  That's the good stuff, too.

• 1:51:20Speaker 00

  Yeah, it's a lot of the good stuff. And it's a lot of the webinars, it's a lot of the in-person talks that the guys give.

• 1:51:26Speaker 01

  What about your email inbox? Like, what if you could get that into an AI? You know, all your private conversations?

• 1:51:34Speaker 00

  Well, you can.

• 1:51:35Speaker 01

  Right.

• 1:51:36Speaker 00

  Yeah.

• 1:51:36Speaker 01

  That's...

• 1:51:37Speaker 00

  You can.

• 1:51:37Speaker 01

  That's super juicy.

• 1:51:38Speaker 00

  And the, um, I will, um... Put it open source, is that the right word, open source?

• 1:51:43Speaker 01

  Yeah, I think so, so.

• 1:51:44Speaker 00

  Open source, everything.

• 1:51:45Speaker 01

  Free to everybody.

• 1:51:46Speaker 00

  And with a hologram, in fact, as I, I don't think I'm ever gonna be so ill I can't give the seminar. But if that were to happen, we're already working on a hologram that's gonna sit in my chair in front of the trillion dollar man thing.

• 1:51:59Speaker 01

  Okay.

• 1:52:00Speaker 00

  And.

• 1:52:00Speaker 01

  I'll give it to you.

• 1:52:01Speaker 00

  And, and answer the questions, while, while you ask the question, the AI is figuring out what the answer is.

• 1:52:08Speaker 01

  And then can you dial it up to like, super nasty grumpy Dan, or?

• 1:52:11Speaker 00

  We haven't.

• 1:52:12Speaker 01

  Dan after two martinis, Dan.

• 1:52:14Speaker 00

  We haven't worked on that many details yet.

• 1:52:16Speaker 01

  Cause that would be good, cause some guys, I mean, you got guys that beat themselves, right? The QLA bots, so they could turn it up if they need a little bit. And if it's just too much Dan, they could turn it down a little bit, you know?

• 1:52:27Speaker 00

  Yeah, but I, I would rather turn it up, not turn it down.

• 1:52:29Speaker 01

  Somebody heard you were coming back and they're like, um, how's it gonna be with Dan? And I said, I said, Dan in private is much worse than Dan on the shows. Yeah, especially when you haven't seen me for a while, and you see me, at least the first hour, you're brutal to me. Like you lay into me, I remember that.

• 1:52:50Speaker 00

  Well, I, you can't use this as an example, I didn't say anything brutal.

• 1:52:55Speaker 01

  No, no, not here, but I mean privately, you do.

• 1:52:57Speaker 00

  Oh, yeah.

• 1:52:58Speaker 01

  Yeah, publicly, I mean, well, you know.

• 1:52:59Speaker 00

  You should have, you could have.

• 1:53:01Speaker 01

  You're, you're just like, what the hell you doing, Brian? What are you doing with this, what are you doing with this, whether it's at the castle?

• 1:53:06Speaker 00

  And, and, and if you should live to be 80, which is doubtful.

• 1:53:09Speaker 01

  Easy.

• 1:53:09Speaker 00

  No, no.

• 1:53:10Speaker 01

  Did you see, see how good a shape they said I was in?

• 1:53:13Speaker 00

  I should have been in the ring with you.

• 1:53:15Speaker 01

  That could be a ring game.

• 1:53:16Speaker 00

  Fifty-four and eighty.

• 1:53:18Speaker 01

  Okay.

• 1:53:18Speaker 00

  I mean, huh?

• 1:53:19Speaker 01

  You saying you want some of this, are you breaking news?

• 1:53:21Speaker 00

  No, no, no, I said I should have been, the fight wouldn't have lasted as long as it did, believe me.

• 1:53:25Speaker 01

  So you're saying you're gonna beat me?

• 1:53:27Speaker 00

  Categorically.

• 1:53:28Speaker 01

  We should put this, okay.

• 1:53:29Speaker 00

  No question, my military, civilian mind, I could snap your neck from here.

• 1:53:33Speaker 01

  Right, would Sally let you fight?

• 1:53:36Speaker 00

  I wouldn't tell her.

• 1:53:39Speaker 01

  Okay, you were saying, oh, I'm not gonna live to 80, is what you're saying.

• 1:53:42Speaker 00

  Yeah, but if you should live to 80, you're gonna look back, what should I have done?

• 1:53:48Speaker 00

  And I can already give you a list of forty, fifty things.

• 1:53:51Speaker 01

  That I should have done already.

• 1:53:53Speaker 00

  Already, and you're only fifty-four, fifty-five.

• 1:53:55Speaker 01

  Okay, okay.

• 1:53:57Speaker 00

  Your birthday is May thirty-one?

• 1:53:59Speaker 01

  May seventeen.

• 1:54:00Speaker 00

  Oh, the day after my mom, May sixteen, that's right.

• 1:54:05Speaker 01

  So it's the same message, take more risk, do more, stop screwing around.

• 1:54:10Speaker 00

  Yeah, I mean, you have a following, whether you, it doesn't matter whether you deserve the following. It's a fact is you have it. Same thing I told you years ago.

• 1:54:20Speaker 01

  Yeah.

• 1:54:20Speaker 00

  And what are you gonna do with it? You know, a lot of this similar talk I had with Grant Cardone, I don't get any credit for creating those billions he's got, but the interview I had with him that he took off the air is why he's rich.

• 1:54:32Speaker 01

  Right, where you told him to.

• 1:54:34Speaker 00

  Exactly.

• 1:54:35Speaker 01

  Take his social, build his funds.

• 1:54:36Speaker 00

  And he did it.

• 1:54:37Speaker 01

  Yeah.

• 1:54:39Speaker 00

  I don't know which of the stories is true. One is that when I left, a day later he fired a bunch of people and he started over again. I don't know if that's true, or he took four or five months to, you know, see who could adapt and who couldn't adapt. But he was sitting on, I told him, billions in assets that you could take a two percent management fee off the top and get yourself that six fifty, which I think he's got now.

• 1:55:09Speaker 01

  Oh, in assets?

• 1:55:10Speaker 00

  No, no, the plane.

• 1:55:12Speaker 01

  The plane, oh yeah, yeah, now he's got a six fifty.

• 1:55:14Speaker 00

  Yeah, and he put a million dollars extra in, no.

• 1:55:19Speaker 01

  Yeah.

• 1:55:19Speaker 00

  What do you call it?

• 1:55:20Speaker 01

  Avionics.

• 1:55:20Speaker 00

  Avionics, that's the word.

• 1:55:21Speaker 01

  Yeah.

• 1:55:22Speaker 00

  Okay?

• 1:55:22Speaker 01

  Okay. So you're saying, do the same thing, take my audience, whether you agree I should have or not.

• 1:55:27Speaker 00

  Doesn't matter.

• 1:55:28Speaker 01

  Doesn't matter. By the way, you used to call them a bunch of losers, but you know, they're older now and they have means and money.

• 1:55:34Speaker 00

  Doesn't make them, they're not losers.

• 1:55:36Speaker 01

  All right, but still. And you're saying, do something bigger with it, is what you're saying? Okay.

• 1:55:41Speaker 00

  We did something, not many people are gifted a base in their lifetimes.

• 1:55:44Speaker 01

  True, true. We started earlier than most, and then we did stay focused longer than most. Maybe sometimes to my detriment. You know, we kept doing the thing.

• 1:55:54Speaker 00

  Back in the day.

• 1:55:55Speaker 01

  Yeah, and then that built the audience over time. And then we didn't really know what was there until one day. It said geometric progression. And then in year nine, it was like, oh, there are a lot of people watching. But there's more you can do with it. Look, in the last few years, you know, we did something with it in the financial space. You know, we built a venture firm and we've done bigger things than we ever did in the past. A little bit like Grant Cardone. I was explaining the model to him and he was like, oh, interesting. But there's more we could do.

• 1:56:21Speaker 00

  Absolutely. But see, not the flip side. In conjunction with that, you can always do more.

• 1:56:28Speaker 01

  Yes, I know.

• 1:56:29Speaker 00

  Very few models you can't do more. Very few. Okay. And.

• 1:56:34Speaker 01

  But how do you teach someone to see that they're not doing more? When they think they're telling themselves every day, I have to do more.

• 1:56:41Speaker 00

  With great difficulty.

• 1:56:42Speaker 01

  Right.

• 1:56:42Speaker 00

  I mean, that's why, you know, the guy that's done 56 billion has stopped.

• 1:56:50Speaker 01

  Right.

• 1:56:51Speaker 00

  He was, I mean, he was just, he just got the front wheels off the runway. That's enough for me. I remember I almost choked. I was at an airport.

• 1:57:03Speaker 01

  Because that's your number.

• 1:57:04Speaker 00

  Yeah.

• 1:57:05Speaker 01

  But he had enough for whatever reason.

• 1:57:07Speaker 00

  For whatever reason.

• 1:57:08Speaker 01

  And you've seen that a lot.

• 1:57:09Speaker 00

  I've seen it countless times.

• 1:57:10Speaker 01

  A lot of guys quit earlier.

• 1:57:12Speaker 00

  Yeah, yeah. I want to be billionaire, they make 80 million dollars, I never hear from them again.

• 1:57:15Speaker 01

  Right. Because they don't want the hardship, the pressure. They say that's what happened to Conor McGregor. He got too much money and then there's a point where you don't want to get up. You don't want to get punched in the face anymore and you don't want to.

• 1:57:25Speaker 00

  Is he ever going to fight again?

• 1:57:27Speaker 01

  The White House fight has gotten a lot of guys excited that we're in retirement. So Conor says he wants to fight at the White House. Because for these guys, they have to, they have to get, get up for something. You know, just another fight's not interesting for him. Another 10 million bucks isn't interesting for him. But the White House, I think he's trying to book that.

• 1:57:44Speaker 00

  You mean the fight in the White House?

• 1:57:46Speaker 01

  Yeah, for the 250th anniversary of America.

• 1:57:49Speaker 00

  Oh, okay.

• 1:57:49Speaker 01

  Trump is holding a UFC at the White House in July 4th next year. The fighters are going to walk through the Oval Office. Only Trump could do that. And his buddy Dana. Yeah.

• 1:58:01Speaker 01

  So get a mentor that can tell you you're not doing enough. Or be in a system where you can do that.

• 1:58:10Speaker 00

  Well, it's easy if you have the mentor.

• 1:58:12Speaker 01

  How do you do it?

• 1:58:14Speaker 00

  Well, I don't have anybody to tell me.

• 1:58:15Speaker 01

  I know, but how?

• 1:58:16Speaker 00

  Well, no, it's because the.

• 1:58:18Speaker 01

  You don't need to anymore.

• 1:58:19Speaker 00

  No, every day from when I take my first pee to when I go to sleep. It's, I think, QLA. I mean, and to a certain extent, the 20-plus companies I'm involved with are already. Every day, each one of them pushes one of the buttons that they made a mistake on. Okay. And so that keeps it fresh. The fact that I speak and I do these podcasts, some are challenging, most aren't. Speaking at the universities I like better because the kids. Because when you're at Oxford or you're at the Wharton or you're at the University of Toronto

• 1:59:01Speaker 00

  and you come to my talk, it's because you're not part of the norm.

• 1:59:06Speaker 01

  Right.

• 1:59:06Speaker 00

  Okay. You're different. And so they ask different kind of questions. The real question that should be asked by everybody that listens to me or comes to the seminar or listens to any of my stuff online is, is this really for me? All the other questions are bullshit, perfunctory bullshit. And but if you answer that one of two ways, if it is, you really think it is. Or because if you're going to only try, you're going to fail. Okay. And if you say no, you save yourself a lot of time, a lot of effort, a lot of seminars, a lot of podcasts, a lot of books, et cetera, et cetera. And for most people, it's not for them. It just isn't.

• 1:59:51Speaker 00

  You know, I sat for nine years, 11 months, three weeks. I devoted 100 to 120 hours a week to QLA.

• 2:00:02Speaker 02

  How do you get out of a rat race? How do you create wealth not only for yourself, but also for the generations to come after?

• 2:00:08Speaker 03

  I am absolutely amazed with the quality of companies that we're getting exposure to.

• 2:00:13Speaker 04

  We go on to Zoom calls with the innovators and the folks who are building new applications in metaverse, blockchain, artificial intelligence, decentralized finance.

• 2:00:25Speaker 05

  thumbs up if you can see me. We are focusing on early-stage investment.

• 2:00:31Speaker 03

  And the quality of people that we're getting exposure to, whether it be Dan Tapia with One RT, Jason Ma from Open, Ayatsu from Anamoka.

• 2:00:38Speaker 06

  It's been a phenomenal experience thus far. It has far exceeded my expectations.

• 2:00:43Speaker 05

  We are focusing on cutting-edge technologies.

• 2:00:47Speaker 06

  I view it now as the best investment I have ever made. The upside I view is unlimited.

• 2:00:53Speaker 03

  And as a retail investor, I would never get this exposure anywhere else outside of Investment Club. See you in the Investment Club.

• 2:01:01Speaker 00

  At the expense of my God, my family, my kids, everybody, okay? And that last week to make 10 years, I looked at the phone, and this is before all the internet shit. I couldn't do it anymore. I just was spent, okay? A good portion of my net worth today is still responsible for those 10 years.

• 2:01:21Speaker 01

  That's you doing the model before you started teaching it.

• 2:01:23Speaker 00

  Correct.

• 2:01:24Speaker 01

  Right, okay.

• 2:01:24Speaker 00

  Okay, and then I found that, you know, I made a half a billion dollars, not overnight, in six, seven years. But I didn't find it hard. But I can sell anybody anything. I mean,

• 2:01:39Speaker 00

  that guy that asked that girl for a coffee and she said no after three years, I can't relate to that. I just can't. I still be sitting there asking her. It's 17 no's before you get a yes.

• 2:01:51Speaker 01

  That's what it is.

• 2:01:51Speaker 00

  And anybody that knows anything about sales knows that. How many times do they ask? Two, three, four? It's like the famous question, when you were there, you didn't ask it. They said, we're talking about, just talking to a guy 10 o'clock in the morning, and how soon is too soon to get back to him, Mr. Penya? And I said, 10 in the morning? 10:30. And they're talking about three weeks from now. I never went through.

• 2:02:16Speaker 01

  Just for a girl or for a business deal?

• 2:02:17Speaker 00

  No, both, either one.

• 2:02:18Speaker 01

  Okay.

• 2:02:19Speaker 00

  You know, I mean, I just.

• 2:02:21Speaker 01

  Get on it.

• 2:02:22Speaker 00

  Yeah, and I have rhino skins. This is how they call me, rhino skin to this day. You can't hurt my feelings. When I came here in 81, I used to say, "I'm an American, you can't hurt my feelings. Just give me the fucking money." Just like that.

• 2:02:38Speaker 00

  And I got it. I still say the same thing. The bankers don't want to talk to me. Because I mean, I will, I mean, you gotta have a, and I'm very numerant. I can understand this shit without a calculator, whatever. And I, you know, you gotta have a good fucking reason when I talk about string tests and all this bullshit. I was doing that shit before you were in grammar school, kid. Negative covenants and all that shit. The key is when you sign up, the first agreement, nothing's gonna get better than the first agreement.

• 2:03:13Speaker 00

  It's, and that's unmanaging people. It's easy to start tough and loosen. If you start loose, you can never tighten. Same with raising kids. Now, I overdid it with my kids. I was too strict with my kids. I wish I beat them more, but I didn't, you know.

• 2:03:28Speaker 01

  But the rules of the castle were too much.

• 2:03:30Speaker 00

  Yeah, I mean butlers and that kind of shit.

• 2:03:32Speaker 01

  Dressing up for dinner and all that.

• 2:03:32Speaker 00

  And, and they had tennis pros and golf pros and, you know.

• 2:03:37Speaker 01

  Is it true they're not getting any money? Is it true they're not getting any inheritance?

• 2:03:40Speaker 00

  None.

• 2:03:41Speaker 01

  And you said that, they say they're okay with it, but deep down.

• 2:03:44Speaker 00

  That's what they say.

• 2:03:45Speaker 01

  They're not.

• 2:03:45Speaker 00

  I know they're not.

• 2:03:46Speaker 01

  Especially your son.

• 2:03:47Speaker 00

  Yeah.

• 2:03:48Speaker 01

  Okay.

• 2:03:48Speaker 00

  Yeah. He, he can't be okay with it.

• 2:03:51Speaker 01

  And why won't you? Cause it's gonna.

• 2:03:53Speaker 00

  Take them.

• 2:03:54Speaker 01

  They're already grown. Why would it matter?

• 2:03:55Speaker 00

  Yeah, because the.

• 2:03:56Speaker 01

  The principle?

• 2:03:57Speaker 00

  No, it's not, it has nothing to do with the principle. It has to do with the fact, when you earn the money yourself, it's not the same as when daddy gave it to you. And even though if Trump got four million or 400 million, I don't know which one's true. I mean, he's still in the back of his head, knows that he didn't start from scratch.

• 2:04:16Speaker 01

  Okay, got it. And that eats at a man. And you don't want them to have that feeling. It's just the wrong kind of money.

• 2:04:21Speaker 00

  Just like the same reason, one of the reasons you get in the ring.

• 2:04:25Speaker 01

  Why? Tell me.

• 2:04:27Speaker 00

  I've told you before.

• 2:04:28Speaker 01

  Okay, why?

• 2:04:30Speaker 00

  Your dad's a better person to answer that question.

• 2:04:32Speaker 01

  Okay, well, so I'm gonna talk to my dad and then I'm gonna resolve everything?

• 2:04:35Speaker 00

  No, you're not. I mean, I saw your feeble attempt at interviewing him once, whatever that was.

• 2:04:39Speaker 01

  I don't think this, my solutions lie in my dad.

• 2:04:41Speaker 00

  No, no, they emanated from your dad.

• 2:04:45Speaker 01

  Okay.

• 2:04:46Speaker 00

  And.

• 2:04:46Speaker 01

  More so than any, any, any son and his father?

• 2:04:50Speaker 00

  Maybe more so.

• 2:04:51Speaker 01

  Really?

• 2:04:51Speaker 00

  Yeah. His Caltech mentality, he couldn't cope.

• 2:04:56Speaker 01

  Well, I couldn't cope with his mentality.

• 2:04:59Speaker 00

  Caltech.

• 2:04:59Speaker 01

  Yeah.

• 2:05:01Speaker 00

  You know exactly what I'm talking about.

• 2:05:02Speaker 01

  Tell me.

• 2:05:03Speaker 00

  Go back and listen to your interview.

• 2:05:05Speaker 01

  Okay.

• 2:05:06Speaker 00

  Seriously.

• 2:05:08Speaker 01

  Okay, so he's a Caltech guy.

• 2:05:10Speaker 00

  I know.

• 2:05:10Speaker 01

  He doesn't have a lot of emotions.

• 2:05:12Speaker 00

  Duh.

• 2:05:13Speaker 01

  Okay, and that's what's stopping me?

• 2:05:15Speaker 00

  You've only developed emotions in the last 10 or 15 years.

• 2:05:17Speaker 01

  Maybe that's true.

• 2:05:18Speaker 00

  Not maybe.

• 2:05:19Speaker 01

  And that's what's stopping me? Not having my emotions?

• 2:05:22Speaker 00

  What initiated you not reaching out and taking risks. Cause you knew what the answer was when you failed. You knew the answer before he said it.

• 2:05:34Speaker 01

  Cause if I failed, uh, he wouldn't love me?

• 2:05:36Speaker 00

  Well, only you know that. I don't know that.

• 2:05:40Speaker 01

  Okay.

• 2:05:40Speaker 00

  Some people's, some people's love is not worth it.

• 2:05:44Speaker 01

  Okay, but you're saying that the root of my lack of risk-taking is me not feeling I'll be loved if I fail?

• 2:05:50Speaker 00

  No, the root of your lack of risk-taking is low self-esteem.

• 2:05:55Speaker 01

  Okay.

• 2:05:56Speaker 00

  And it has, well, worse than.

• 2:05:58Speaker 01

  Okay, better now?

• 2:05:59Speaker 00

  Yeah, a lot better now. You've done, you know, and getting in the ring does help.

• 2:06:04Speaker 01

  Yes.

• 2:06:04Speaker 00

  Now, if you had gotten in the ring and both fights got knocked out in the first round, it's not likely, maybe you wouldn't have had the second fight.

• 2:06:13Speaker 01

  Right, if I got knocked out, true, yeah, true.

• 2:06:15Speaker 00

  Okay.

• 2:06:16Speaker 01

  Yeah. Yeah, I was thinking about my kids and my mental health.

• 2:06:19Speaker 00

  Well, we had, well, we had a guy recently who's, uh, one of my gazillionaires. It said that, uh, well, what if he damaged some of my brain cells? And I'm not as numerant.

• 2:06:31Speaker 01

  Yeah.

• 2:06:31Speaker 00

  And I said, well, that's a handjob. What the fuck can I do, you know?

• 2:06:34Speaker 01

  Yeah, it's all bullshit.

• 2:06:35Speaker 00

  Yeah, exactly.

• 2:06:36Speaker 01

  But you try to talk yourself out of it. I can see all my, my brain telling me this. It was like giving me all these worst scenarios, Dan. And I was just like, I don't even want to go in the fucking ring. And then I was like, but I have to go in the ring. And then afterwards, it was like, it's all bullshit.

• 2:06:47Speaker 00

  Correct. 95% of the things we worry about never happen. I was at a board meeting a year ago, right now, in Toronto. And we, uh, Sally had joined us and our lawyers and accountants and all these people. This is a $500 million dollar company, revenue. And we decided, uh, it was snowing, uh, and decided to walk back to the hotel for dinner, uh, for drinks. We had just had dinner. And so one of the guys says, well, there's a shortcut here through some alleys and some shit. So the you, the, the mentee in the deal, uh, sturdy, fit. Good-looking black guy, like a black James Bond, okay? And so we walked through and then there's, uh, the other board members are lagging behind. And three black guys step out in the alley. Big guys.

• 2:07:31Speaker 00

  And I'm thinking, I'm wearing a hundred thousand dollar topcoat, I was gonna get fucked up, ripped up, and I'm... So, the kid and me, the kid stayed by my side. We walked up, I said, "Okay assholes, are we gonna fight or dance?" "We're just, we're stalking you, Mr. Penny, we want your autograph."

• 2:07:53Speaker 00

  The rest of the board members disappeared into the night.

• 2:07:59Speaker 00

  "Hey assholes, are we gonna fight or dance?"

• 2:08:03Speaker 01

  So that's the state of the world today. Bunch of pussies.

• 2:08:08Speaker 00

  Well, not too many people that would say, "Fight or dance."

• 2:08:11Speaker 01

  No, not many. They all scattered, but you were there.

• 2:08:13Speaker 00

  No, no, the three, yeah, the three guys. And then they came back to the bar with us and, uh, one of them was starting a vodka company and some shit and...

• 2:08:22Speaker 00

  But we worry about shit that doesn't happen.

• 2:08:24Speaker 01

  I agree, I agree.

• 2:08:25Speaker 00

  But I was worried about my hundred thousand dollar coat. It all fucked up.

• 2:08:31Speaker 01

  But maybe by doing things, I become the man I need to be.

• 2:08:35Speaker 00

  Well, you're closer to the man than when I first met you.

• 2:08:38Speaker 01

  I agree.

• 2:08:39Speaker 00

  I said, you already said two or three times during this interview, "You've changed, I helped change you."

• 2:08:44Speaker 01

  Yes, you did.

• 2:08:45Speaker 00

  But you don't change unless you're ready for change.

• 2:08:47Speaker 01

  True.

• 2:08:47Speaker 00

  Okay.

• 2:08:48Speaker 01

  And it took me too long.

• 2:08:48Speaker 00

  And some of the things were harder for you to change from.

• 2:08:52Speaker 01

  Yes.

• 2:08:53Speaker 00

  And some were hard into. But you didn't, just like in the ring, you didn't die from them, did you?

• 2:08:58Speaker 01

  No. No, and it took me too long. It's 11 years, Dan, it's a long time, I know you're like Brian.

• 2:09:03Speaker 00

  You're an engineer.

• 2:09:04Speaker 01

  And here's the crazy thing, in the first few years after we met, I was talking about a fund, I was gonna raise a fund, I was doing the tech show at the time, and then 10 years later, I actually did it. And I'm watching myself do it with the blockchain fund and all these, and I'm like, "Why the fuck didn't I do this 10 years ago?" And you were telling me to do it. But I couldn't get my head around it.

• 2:09:26Speaker 00

  Well.

• 2:09:27Speaker 01

  But now I can.

• 2:09:28Speaker 00

  Okay.

• 2:09:30Speaker 00

  There's a famous guy out there that says he's read 700 books on change and psychology and blah, blah, blah, blah. Okay. And I'm sure there's at least 700 books on sex. I don't know. I've never read one. But I could ask the audience that read the 700 books on sex. Do they compare to actually having sex? No. You can study, get ready for, now spreadsheet. The last spreadsheet I did was, before spreadsheet, what was it called?

• 2:10:03Speaker 01

  Lotus 123.

• 2:10:03Speaker 00

  Yeah, Lotus 123. That's the last time I did one. Okay.

• 2:10:06Speaker 01

  Right. It's either hot or it's not.

• 2:10:08Speaker 00

  It's not.

• 2:10:08Speaker 01

  That's what you used to tell them.

• 2:10:09Speaker 00

  It's either hot or not.

• 2:10:10Speaker 01

  Yeah.

• 2:10:11Speaker 00

  And the, but it's still a tough thing to get through.

• 2:10:16Speaker 00

  Get through to people, it just is.

• 2:10:18Speaker 01

  And a lot of your kids take time.

• 2:10:20Speaker 00

  Well, because they're afraid of making a mistake. We had an old guy, a retired guy, who was 67 years old. And he built two, three companies, sold them off. And he was on his third or fourth wife. And now he's got a girlfriend, just made his wife, who's 30. Okay. And he says, "I'm here because I thought that I had made enough money to last a fourth wife. But I know now I'm not. I haven't. So I mean, I gotta make another fortune." And he's a Swiss guy, funny as hell. And then I said, when they're asking questions at that, drinks at the end of the seminar. And he says, "Well, we're really afraid of Mr. Penney, no matter what we say or what we do, that we can't perform. Just because you bring a thousand people in front of us, and they all did it,

• 2:11:04Speaker 00

  the Goomba brothers, and this, and that, and the other, okay? And then we're the thousand and one, and we can't.

• 2:11:12Speaker 00

  And that's, and that's the basic fear. And that's why the longest deals are, that we have been able to keep track are 12 and 13 years it took them. 12 and 13 years.

• 2:11:23Speaker 00

  This last group, we're averaging about three years. But since you were there, we had a guy doing 26 days.

• 2:11:30Speaker 01

  Is this the pig fucker?

• 2:11:31Speaker 00

  Pig fucker.

• 2:11:32Speaker 01

  Heard about him.

• 2:11:32Speaker 00

  26 days.

• 2:11:34Speaker 01

  Congratulations.

• 2:11:34Speaker 00

  And he's already retired, he's already retired.

• 2:11:36Speaker 01

  Really?

• 2:11:37Speaker 00

  Yeah. He made about 40 million pounds, and he's gone.

• 2:11:43Speaker 00

  He got a McLaren and something else and he's about three feet tall and he's got real ruddy skin and he thinks that he's combing his hair different and that's why the girls like him. Give me a fucking break, okay?

• 2:11:59Speaker 01

  Look at the monsters you create.

• 2:12:01Speaker 00

  Yeah, I mean, it's hilarious, but I mean, you can fabricate almost anything to yourself. You can come up with a bullshit reason.

• 2:12:09Speaker 01

  True.

• 2:12:10Speaker 00

  But yeah, you got in the ring.

• 2:12:12Speaker 01

  See, I think what I need to keep doing is taking more risk and getting more uncomfortable. I don't think I talk with my daddy.

• 2:12:20Speaker 00

  You have to learn to be comfortable being uncomfortable.

• 2:12:22Speaker 01

  Okay, but I don't think a talk with my dad is gonna get me there.

• 2:12:24Speaker 00

  Well, I don't know, well, I don't wanna know how fucked up your relationship is with him, but I know a lot of the guys, when you hear, you know, cause I don't have, I only have dinner with one guy, remember, and I don't have lunch and I don't have breakfast, but they were talking about daddy issues. And so, when you're, the second of the last day and you have a guy in the front row up here yelling at a guy in the back row, "Oh, tired of hearing about your fucking daddy issues." Okay, so what you're talking about, you know, we rarely hear mommy issues, okay? We almost always hear daddy issues. And then when I searched into it, both of them come from really reasonably successful

• 2:13:07Speaker 00

  parents, their father's, one's a big mega something or other, and he, I'm exaggerating, a plumber. Nothing wrong with being a plumber, it's an honest living, right? But it's not Fortune 155 CEO, whatever his dad was. And what does the Fortune 155 CEO think of his son, the plumber? You know exactly what he thinks.

• 2:13:30Speaker 01

  Not impressed.

• 2:13:31Speaker 00

  Correct.

• 2:13:32Speaker 01

  Okay, and that's where it stems from?

• 2:13:34Speaker 00

  Part of it.

• 2:13:35Speaker 01

  You're the king of daddy issues, damn near.

• 2:13:37Speaker 00

  I know. I've been successful in everything except athletics.

• 2:13:41Speaker 01

  Right.

• 2:13:42Speaker 00

  Okay, and my dad was All-American, blah, blah, blah, blah, blah. And it's the thing that I picked, that I knew he couldn't come back and compete against me.

• 2:13:50Speaker 01

  And like when I brought him to the castle the first time, and I stood under the Napoleon chandelier there with my arm around him like this, and he looks up and he says, "Son, just tell me it's not drugs." And I said, "Dad, it's kinda like drugs. It's oil and gas. It's addictive." Uh, cuz he couldn't relate to how I went from barrio bad boy, in jail. The last time I was in jail was attempted assault with a deadly weapon on a policeman. I mean, I was only going one way. But you did this because you couldn't progress in athletics. That would've made your dad proud, so you found another way. Correct. So all your success comes down to a daddy issue. Yeah. Taken to the extreme. One of my dad, who never understood what I did. Right. Although my kid brother lies to me, Vince, I know you're gonna listen to this,

• 2:14:35Speaker 01

  lies to me and says, "Dad knew exactly what you were doing," but I know he didn't. Anyway. If channeled right, it's a superpower. Absolutely. Okay. I just need to channel it better. Correct. Okay. Not channel in the sense of these hocus pocus guys. Right. Okay. Not that kinda channel. Just channel it into more risk-taking. Correct. And caring less about thoughts, results, opinions. Um. Which is the same. Not caring at all is best. Yeah. Okay. Okay? Okay. Not caring at all. I mean, you've had, I know that, I don't know if you still do, you used to take negative shit that was written about you off the YouTube and those comments. Okay. And I teased you about it then. I don't wanna know what the answer is now, but... Yeah, it wasn't helpful. Okay, well, we don't take anything off. Yeah, but you don't let people talk shit in your seminar either.

• 2:15:19Speaker 01

  Okay, well, they can. It's a similar thing. No, they can't. You'll throw them out. No. Same thing. Somebody could put anything on Reddit. Yeah, yeah, and that's fine. I'm over it. Yeah. But it's a bit similar. You wouldn't allow someone to talk shit in your seminar, so... We have people talk shit in the seminar. Yeah, and you throw them out. No, no, no, you're... They don't come to the seminar. If you come to the seminar and think for a microsecond that you're ever gonna get out of your mouth even, something that's contrary to what I teach, you're brain-dead. That doesn't happen. And in the 90s, I will neither confirm nor deny, I used to hit people. I mean, we locked up your cellphone.

• 2:16:02Speaker 01

  I mean, we... You drank Bloody Marys from the morning.

• 2:16:08Speaker 00

  To the evening, I mean, um, uh, but we gave you, there were no handouts, there were no slides, there were no scripts, there was nothing. And we, most of my billionaires are from the 90s.

• 2:16:20Speaker 01

  Yeah, I know.

• 2:16:22Speaker 00

  Some tough guys. Of course, that's when the Russians were coming through, um, and this is the Russian model without a gun.

• 2:16:30Speaker 01

  You know a lot of people, Dan.

• 2:16:31Speaker 00

  Yeah, I do.

• 2:16:32Speaker 01

  You're very well-connected and you rarely mention it.

• 2:16:35Speaker 00

  Yeah.

• 2:16:36Speaker 01

  Or you're very vague.

• 2:16:37Speaker 00

  Yeah. And I got an offer to do a kiss and tell book again, and I said, how much money upfront? You never asked us that before, Mr. Pena. How much? 10 million. Nah, not enough. Not enough for me to piss off a third of Wall Street.

• 2:16:55Speaker 01

  Yeah. So never gonna happen, or who knows?

• 2:16:57Speaker 00

  Nah, nah, nah. That's not, that's not my kind of deal. Uh, I might, I would rather use it to squeeze them to do a deal.

• 2:17:05Speaker 01

  Okay, okay.

• 2:17:06Speaker 00

  Than, than tell them all the bad things that I know about these guys. I was asked to go to Epstein's Island three times.

• 2:17:13Speaker 01

  By him, or friends of his?

• 2:17:15Speaker 00

  No, him.

• 2:17:15Speaker 01

  Him, okay.

• 2:17:16Speaker 00

  Actually Maxwell, because I knew her father.

• 2:17:18Speaker 01

  Okay, got it. And?

• 2:17:20Speaker 00

  Okay.

• 2:17:21Speaker 01

  Did you know?

• 2:17:23Speaker 00

  Of course I knew, everybody knew.

• 2:17:24Speaker 01

  Everybody knew it was bad news.

• 2:17:25Speaker 00

  And the fact that Bill Gates and these guys, uh,

• 2:17:27Speaker 01

  Clinton.

• 2:17:28Speaker 00

  What a lie. Jesus Christ, man up.

• 2:17:31Speaker 01

  They just, okay.

• 2:17:32Speaker 00

  I did the first, uh, TV commercial in 1985 with Maxwell Senior, um, the, um, and at the end, at the filming, uh, yeah, I required 10,000 pounds, or I'm not gonna do it. And so I, I said, I didn't know we're getting paid for this deal. And so they went out and got 10,000 pounds, came back and gave it to him. So we've, we completed the little series of, uh, commercial.

• 2:17:59Speaker 00

  And they, they even started calling me Little Max. Ah, fuck. But, so, yeah, I was on that list.

• 2:18:05Speaker 01

  Alright.

• 2:18:05Speaker 00

  But, I mean, I won't say anybody could have been on that list, but...

• 2:18:09Speaker 01

  There was a lot of people. He was connected to a lot of people.

• 2:18:12Speaker 00

  Yeah.

• 2:18:12Speaker 01

  He raised a lot of money, right? And now it's out, and Trump says it's a big Democrat fluke thing, and it'll be published now.

• 2:18:20Speaker 00

  Good!

• 2:18:21Speaker 01

  And maybe your girl will get out of prison, who knows?

• 2:18:24Speaker 00

  Well, not my girl, but anyway.

• 2:18:26Speaker 01

  Yeah.

• 2:18:26Speaker 00

  The fact that she's in a low-security prison now is not an accident. And the, uh, she was just a ni... well, she was a kid. Now, she's 60-something, but she was a nice kid, and she was nice to me because she knew that I knew her dad. And her dad was an asshole, though. He was a real prick. And, um, but all these guys are selfish. See, and when you're taught as a kid, "Don't be selfish. Let Johnny use your toys," that kind of shit. Fuck Johnny! Get new parents! Get some toys of your own, you little prick!

• 2:19:02Speaker 01

  That's the way my boys behave, when no one's watching. There's not a lot of charity.

• 2:19:07Speaker 00

  Well, that's good.

• 2:19:08Speaker 01

  Kids are allowed to be themselves, right?

• 2:19:10Speaker 00

  Well, I don't know about, uh, if I had any charity, uh, the nuns and the fucking priests beat it out of me. And the, uh, I'm the perfect person to, to do this project for the church. My mother was an illegal alien, uh, comes from right near where the current Archbishop Gomez comes from in Mexico. The, and, um, and I'll, I'll, I'll, there's a lot of people, they're gonna lose 20% of the Vatican Bank when I'm done. At least 20, if not more.

• 2:19:45Speaker 01

  Lose it how?

• 2:19:46Speaker 00

  Because they're, uh, they're doing favors.

• 2:19:49Speaker 01

  Okay, the staff, the team, the whole thing?

• 2:19:52Speaker 00

  They only, they only know the Siemens way.

• 2:19:55Speaker 01

  Okay, okay.

• 2:19:57Speaker 01

  So you have to get rid of them.

• 2:19:59Speaker 00

  And I'll go in there. Peter Thiel took a half a million dollars and turned it into a billion dollars using the exact same techniques we're using inside the investment public. He met a CEO, his name was Zuckerberg, he pitched him the deal, and he said, "Okay, I'll give you a half a million dollars." Mark went public and sold the shares to people like you. Well, what happened to Peter? Well, he exited and got a 2,300X return. The wealthy invest in early-stage companies, folks. The public markets are for suckers. It's a rigged game. By the way, this happens in crypto as well. It's called pre-sale tokens. This is Solana. Does anybody know this chain? They sold pre-sale tokens for 4 cents, and you can see the date on there, April 5, 2018. Look at Solana today, folks. That thing's up over 1,000X.

• 2:20:44Speaker 00

  The media and Wall Street and all these hype people get you to buy the top. Meanwhile, they put their clients in at the bottom, and they use you for liquidity to make their clients rich. You can play this same game. You just have to have the financial education and the deal flow. That's it. And it's like when I fired the top three of 10 guys when I was at a big organization in sales. Maybe they shouldn't be fired, but there's a new sheriff in town. And this new sheriff in town will tell you there's collateral damage. And everybody's worried about the collateral damage. I don't worry about that. But all of a sudden, everybody's sales just went up 25%.

• 2:21:21Speaker 01

  You said, "Fire the highest-performing sales guy."

• 2:21:25Speaker 00

  Yeah.

• 2:21:25Speaker 01

  And take the hit and show everybody.

• 2:21:27Speaker 00

  Yeah. Well, now it's up to the three, three out of the top five. And there's a reason, now people look the other way not to fire people because it woke, and it's too much paperwork. I do just the opposite.

• 2:21:39Speaker 01

  Still?

• 2:21:40Speaker 00

  Still, to this day. To this day.

• 2:21:44Speaker 01

  So 10 more years of QLA if Trump stays in office. Next 10 years, you're going to sort out the Vatican, and you're living to 120-plus is the plan.

• 2:21:52Speaker 00

  And I hope I die on re-entry.

• 2:21:56Speaker 00

  After having sex with Sally, coming back from the moon. I plan on going to the moon.

• 2:22:00Speaker 01

  Oh, really, the moon?

• 2:22:00Speaker 00

  Yeah.

• 2:22:01Speaker 01

  Alright, so that'll be in-

• 2:22:02Speaker 00

  And you know the real reason Elon Musk wants to go to the-

• 2:22:05Speaker 01

  Why?

• 2:22:06Speaker 00

  Not the moon, uh, Mars.

• 2:22:07Speaker 01

  Mars, why?

• 2:22:07Speaker 00

  The real reason. Now, as connected as you want with all these sycophants that you have on your show-

• 2:22:13Speaker 01

  Yeah.

• 2:22:14Speaker 00

  That suck your ass, you don't know the real reason he wants to go?

• 2:22:16Speaker 01

  No, tell me.

• 2:22:18Speaker 00

  It's 40% lithium.

• 2:22:20Speaker 01

  So he wants the batteries?

• 2:22:21Speaker 00

  Correct.

• 2:22:22Speaker 01

  For his robots?

• 2:22:22Speaker 00

  That's the only reason.

• 2:22:23Speaker 01

  That's it?

• 2:22:24Speaker 00

  It. And he knows we're through down here.

• 2:22:28Speaker 01

  Well, he definitely knows that.

• 2:22:29Speaker 00

  Yeah.

• 2:22:30Speaker 01

  He wants a backup plan. And it's a great dream to sell. It's better than the green new scam. You sell people on the dream. We're gonna go to Mars.

• 2:22:37Speaker 00

  Well, the current is green scam now, the current.

• 2:22:40Speaker 01

  Yeah.

• 2:22:40Speaker 00

  Yeah.

• 2:22:40Speaker 01

  Yeah, that's getting reversed.

• 2:22:41Speaker 00

  Okay, you know, you remember, why is Obama's $50 million estate and Gates' $300 million estate on the water's edge? And Obama just bought it in the last two or three years, if global warming's for real. Why are we building here in Britain a 28 billion pound, um, nuclear plant in Suffolk, on the water? Why? It's a handjob, I mean, God. But, but, but it's, it's an easy sale.

• 2:23:13Speaker 01

  We released, we re-released your global warming clip-

• 2:23:16Speaker 00

  Oh, yeah.

• 2:23:17Speaker 01

  -of you being interviewed by me at the premiere of your movie, $50 billion all man- Correct. Which I had to drag you to, by the way, but that's a whole nother story. And after the movie, you got up on stage, I thought we were gonna have a nice fireside chat, and you started firing bombs into the audience. A third of the people walked out-

• 2:23:32Speaker 00

  That woman, that woman was gonna attack me.

• 2:23:33Speaker 01

  That Australian woman who drank too much called you out, and then there was a bunch of your minions in the front row. They wanted to kick her ass. And when people think I'm telling the, the global warming lady question, so I was telling your minion to sit down 'cause this girl was gonna go punch her in the face. And then you laid it out to her with the core samples and everything, and that piece of video, Dan, a six or seven minute piece, that thing has been watched, uh, probably 50 million times, 'cause on Facebook it was like 10 million views here. And we, we re-released it after we were banned from YouTube for two years, I got back-

• 2:24:03Speaker 00

  Why did you get banned? Because of it and all that stuff?

• 2:24:07Speaker 01

  Yeah, covid, yeah. Medical misinformation. And then it was the White House that told them to take it down. Yeah.

• 2:24:14Speaker 00

  And how did you get back?

• 2:24:16Speaker 01

  Because Trump sued YouTube. They paid him a $25 million lawsuit. And then Representative Jim Jordan in the Congress went after Google and forced them, he took them to court, and they admitted that they shouldn't have taken, oh no, they were pressured by the government to take down accounts because of covid content. And he made them promise to put the accounts back if that's the reason they had been taken down. Now, I saw this and I was like, is this actually gonna happen? And nothing happened for about two weeks. And then we went and went back to YouTube and to appeal again. We'd done it 100 times. I was trying, I don't wanna tell you how many times I tried to get that channel back.

• 2:25:00Speaker 01

  I tried many ways to get into YouTube. And every time I was about to get it back, Dan, like 24 hours, like, yeah, it'll be up tomorrow. No problem, we're gonna do it on a weekend, so no one notices. The next morning, I got a call and they say, "Someone hates you inside of YouTube. This is a senior C-suite executive that's got their thumb on your account and it will not be turned on until they sign off." Some VP can't do it in fucking Berlin. It's in the valley and they're sticking their thumb on it. So many, so I was fucked. So then we came back and the appeal process and it looked different. We did it, five hours later, bing, videos start coming up, videos start coming up. And one of the first things we did is we republished some old content. And we republished your global warming thing and it got a million views in four days.

• 2:25:44Speaker 01

  Because you broke it down exactly like you said now. And there was something about that where they're like, this guy knows what he's fucking talking about. And it rings true.

• 2:25:52Speaker 00

  You know how many panels? And discussions I've been canceled at the last minutes of global warming? And then they see that and then they call Kath, they call Kim. We've had a change in agenda. We don't need Mr. Penney now.

• 2:26:07Speaker 01

  Because of that clip?

• 2:26:08Speaker 00

  Yeah.

• 2:26:08Speaker 01

  Really?

• 2:26:09Speaker 00

  Yeah, yeah, yeah. And sometimes I've actually flown there, you know? I'm getting ready, you know, brushing my teeth, have breakfast and I get canceled.

• 2:26:18Speaker 01

  Because they Google your name and they find something you said and they come back and protest.

• 2:26:22Speaker 00

  Because there's no answers to those questions.

• 2:26:23Speaker 01

  That's still happening now?

• 2:26:26Speaker 00

  I haven't been asked to be on a panel in a while.

• 2:26:27Speaker 01

  Are the unis still canceling you? Yeah, the girls take their clothes off and...

• 2:26:30Speaker 00

  Oh, yeah.

• 2:26:31Speaker 01

  What was that like?

• 2:26:32Speaker 00

  Oh, well...

• 2:26:33Speaker 01

  I watched the video.

• 2:26:33Speaker 00

  They were surprised I showed up.

• 2:26:35Speaker 01

  Okay.

• 2:26:36Speaker 00

  Because they thought that, you know, they were worried up for my safety.

• 2:26:40Speaker 01

  This was a university in the north of England.

• 2:26:42Speaker 00

  Uh, actually, south of England.

• 2:26:43Speaker 01

  South of England. And a bunch of people protested, including girls who wrote some protest stuff on their

• 2:26:47Speaker 00

  And they took their clothes...

• 2:26:48Speaker 01

  bare bodies.

• 2:26:49Speaker 00

  Yeah.

• 2:26:49Speaker 01

  And they took their tops off

• 2:26:50Speaker 00

  Correct.

• 2:26:51Speaker 01

  to protest you.

• 2:26:52Speaker 00

  Yeah.

• 2:26:52Speaker 01

  And there was a bunch of feminist dudes in the audience, too, that were going after you as well.

• 2:26:56Speaker 00

  Yeah, yeah. All true.

• 2:26:58Speaker 01

  How was that?

• 2:26:59Speaker 00

  Well, I don't know.

• 2:27:00Speaker 01

  First time for everything.

• 2:27:00Speaker 00

  Yeah. The, um, I told...

• 2:27:04Speaker 01

  You kept going, right?

• 2:27:05Speaker 00

  Yeah.

• 2:27:06Speaker 01

  You kept talking?

• 2:27:06Speaker 00

  I kept going, yeah, yeah.

• 2:27:07Speaker 01

  And they stayed?

• 2:27:07Speaker 00

  No, they stayed and then finally, the police, security didn't know where to touch them. They dragged them off. And then finally, they left. They finally left.

• 2:27:17Speaker 01

  Okay.

• 2:27:19Speaker 00

  But that's happened in a couple of places. That happened at University of Florida, which I thought I was safe because of Rick Scott, at that time was governor.

• 2:27:28Speaker 01

  Yeah.

• 2:27:29Speaker 00

  And the, um, but the woke, I was sitting at a dinner, a awards dinner, and with a lady who I didn't recognize. She's the head of, um, wealth management for JP Morgan. A gal. I don't know. And so, uh, and I said something about Rick. And so she gets Rick on the phone. She... "Who's this?" "Rick Scott." "Rick, what's happening? Where are you? Are you in trouble? You need me?" "No, no, no." "This lady just dialed you. She's a big hitter. She runs the wealth management at JP Morgan." "Have a good time. See you later, Sally." Yeah. And so, uh, but it's just, why would they do that?

• 2:28:13Speaker 00

  And all the stuff they've built in Florida, not all, but almost all that stuff. Why... It's gonna be the biggest next-class action lawsuit. You know, all the cities and the counties that have benefited from that new building, those new buildings

• 2:28:29Speaker 01

  Right.

• 2:28:30Speaker 00

  that go all the way down to the Keys. Uh, and, uh, but I mean, Los Angeles and Amsterdam and, and they were, they were fighting, they were pissing around about the Panama Canal a few months ago, uh, are all gone. If, if it's best case scenario, three meters, worst case scenario, thirty meters. Thirty meters, two thirds of the world's gone, okay?

• 2:28:50Speaker 01

  Right.

• 2:28:51Speaker 00

  Okay. Three meters, a bunch of it's gone, but they wouldn't do that. Banks, even though they've done stupid things over my lifetime, banks aren't just writing off, uh, you know, ultimately trillions of dollars, uh, to make people happy. But Bill Gates would be the first to move his fucking house. And I didn't know this, I've been saying he's got fifty thousand square feet for years and years and years. I didn't know he added ten thousand more feet here in the last five or ten years. I was up there many, many years ago. Um, they wouldn't, they're, they're too smart for that. But the next play, and I've been saying this for a while.

• 2:29:27Speaker 01

  What is it?

• 2:29:28Speaker 00

  Water.

• 2:29:30Speaker 01

  Yes, I've heard you say that.

• 2:29:31Speaker 00

  The big money is water rights. There's a reason why Sir Richard Branson, Bill Gates, amongst others, have, are the largest mineral owners in the United States. It's not the mineral, minerals, the mineral they want is water, because that's the bit, the next shortage.

• 2:29:46Speaker 01

  It is.

• 2:29:47Speaker 00

  It is, that's the next shortage. And the big money have been buying up water rights for fifty, sixty, seventy years.

• 2:29:52Speaker 01

  So look out, because that's next.

• 2:29:54Speaker 00

  Yeah, pretty soon, a glass like of water that I have here will cost more than a barrel of oil.

• 2:30:00Speaker 01

  And they can't purify it, or? In the Middle East, they purify it from the seawater.

• 2:30:04Speaker 00

  Correct.

• 2:30:04Speaker 01

  It's expensive, though, isn't it?

• 2:30:05Speaker 00

  Yeah, yeah. Well, they have the money, they don't give a shit.

• 2:30:07Speaker 01

  Right.

• 2:30:08Speaker 00

  Money's no object.

• 2:30:08Speaker 01

  And the oil comes seeping out of the ground.

• 2:30:10Speaker 00

  Yeah, I mean.

• 2:30:11Speaker 01

  Okay, all right, so we heard it here first.

• 2:30:13Speaker 00

  Yeah, and we're not gonna have any electric car bullshit until Saudi Arabia runs out of oil.

• 2:30:18Speaker 01

  Which is?

• 2:30:19Speaker 00

  In five hundred years. They don't say that, the publishers, they're the second or third largest oil reserves in, in the world.

• 2:30:28Speaker 00

  500 years is Dan Penny's estimate. It used to be 300 years. And I'll give you an example. Saudi Arabia has been trying to take Aramco public since Christ was around.

• 2:30:42Speaker 01

  Yeah.

• 2:30:42Speaker 00

  And they can't, okay? And they went to NASDAQ, they went to the New York Stock Exchange, they went to some of the lesser exchanges, Toronto, etc. They went to Hong Kong, they went to Beijing, they went to Singapore. Nobody do it, okay? So then they come back because they wanted to take 5% of Aramco public without showing their oil reserves. And the value of Aramco is their oil reserves, okay? So they take it back to Saudi Arabia, they take it public there. 5% of Aramco and the valuation for the company was a trillion or a trillion and a half or something. But nobody would buy it on the stock exchange.

• 2:31:25Speaker 00

  So they forced all employees, either directly or indirectly, employed by the government. Every swinging dick employee in Saudi Arabia had to buy Aramco. That's the only way they got the public offer in a way.

• 2:31:38Speaker 01

  Right.

• 2:31:38Speaker 00

  Without an evaluation of their oil reserves. And the reason they don't want the oil reserves evaluation is they're gonna show maybe a gazillion barrels.

• 2:31:49Speaker 01

  Which kills the price of oil.

• 2:31:50Speaker 00

  Oil will be a nickel.

• 2:31:52Speaker 01

  Okay, if people knew how much they had.

• 2:31:54Speaker 00

  Correct.

• 2:31:54Speaker 01

  So it's a...

• 2:31:55Speaker 00

  And everybody in the oil business, ExxonMobil, Denny Maxx, and when I started 45 years ago, knows this story.

• 2:32:02Speaker 01

  They know this.

• 2:32:02Speaker 00

  Except you don't hear Anderson Cooper saying anything.

• 2:32:05Speaker 01

  Right.

• 2:32:06Speaker 00

  You don't see any of these guys saying anything. I thought it was gonna come to truth when the chief, first chief, one of the first chiefs of staff for Trump was the former chairman, CEO of ExxonMobil. That guy, who I knew when he was a middle manager, by the way. And he quit because it was too much hassle working for him. And then Mad Dog Maddox, the marine guy came before, etc. We're not gonna have, that's, it's a handjob. It's bullshit. No way are we ever gonna have those kind of flying car bullshit.

• 2:32:37Speaker 00

  And

• 2:32:37Speaker 01

  Because they gotta get rid of that oil. And they'll sell it at any price.

• 2:32:41Speaker 00

  And they can.

• 2:32:42Speaker 01

  That's the open secret in the oil.

• 2:32:43Speaker 00

  Well, it's not so, I'll tell you another secret. In 1964, 65, they had the American Petroleum Institute, which is a bunch of jerk off MIT and Caltech guys, sitting up there jerking each other off. They had a convention in Las Vegas.

• 2:32:57Speaker 01

  Yeah.

• 2:32:58Speaker 00

  And the head scientists for, this is before ExxonMobil were merged in Chevron. The head scientist from Chevron was driving from San Francisco to Las Vegas to make a paper. Okay, this paper, this big discovery he made. He left home in time and then the next day at 10 o'clock when he was supposed to get up and speak. Now, this is legend in oil business. He wasn't there. Now, this guy would never miss anything in his life. Anyway, he never showed up. He never made the paper or discussed the paper. What was the paper? Turned, changed two molecules in distilled water and you got petroleum.

• 2:33:36Speaker 00

  Two molecules. Now, you probably understand it better than I do. Only two molecules.

• 2:33:40Speaker 01

  Sounds too good to be true.

• 2:33:41Speaker 00

  Exactly. Well, that paper is sitting in the vaults of Chevron in San Francisco since the 60s. Everybody knows it.

• 2:33:52Speaker 00

  I mean, everybody. The janitor knows it.

• 2:33:56Speaker 00

  Same thing for cure for cancer.

• 2:34:00Speaker 00

  And I go down a little, a long, long list. A lot of the stories you hear about pharma are all true.

• 2:34:05Speaker 01

  Okay. So it's all being hidden from us to keep prices up? Keep demand up?

• 2:34:13Speaker 00

  So they don't lose market share.

• 2:34:14Speaker 01

  Okay.

• 2:34:14Speaker 00

  They don't say it that bogus to keep market share.

• 2:34:17Speaker 01

  Okay.

• 2:34:18Speaker 00

  And now, almost everything that goes wrong in business today is supply chain.

• 2:34:24Speaker 00

  Before Corona Rona, nobody knew what the fuck supply chain was.

• 2:34:28Speaker 01

  True.

• 2:34:29Speaker 00

  And now?

• 2:34:33Speaker 01

  Why?

• 2:34:34Speaker 00

  Because it's an easy thing to blame.

• 2:34:36Speaker 01

  Okay, right. Okay, so they just throw it at that.

• 2:34:38Speaker 00

  And in the public, it's global mo- they're moans. That's why I call them medias.

• 2:34:46Speaker 00

  Supply chain, my ass. I mean,

• 2:34:50Speaker 00

  you go back and you look at textbooks, uh, 10 years ago, five years before Corona, you can't find supply chain. It's not in the definition.

• 2:35:02Speaker 00

  It's just, it's all bullshit.

• 2:35:04Speaker 01

  When you watch the news, and I know you watch like 4 channels every day.

• 2:35:06Speaker 00

  Correct.

• 2:35:07Speaker 01

  Is it just all bullshit and you're just sorting through? Or you want to know what is the bullshit they're selling to the meatheads today?

• 2:35:12Speaker 00

  No, because my kids will come back to me and say, "Well, this happened. You didn't mention this in the seminar."

• 2:35:19Speaker 01

  Okay.

• 2:35:20Speaker 00

  And so I say, "Well, this is horseshit."

• 2:35:21Speaker 01

  Right.

• 2:35:22Speaker 00

  One of the ones that's straight is Al Jazeera, which is Middle Eastern owned.

• 2:35:26Speaker 01

  Yeah, Qatar.

• 2:35:27Speaker 00

  Yeah, uh, they're pretty straight. But I mean, CNN and everybody else. I like Bloomberg. It's pretty straight.

• 2:35:36Speaker 01

  Okay.

• 2:35:36Speaker 00

  I listen to their weekend rap, uh, wrap-up or whatever, the summary of the week.

• 2:35:40Speaker 01

  Okay.

• 2:35:40Speaker 00

  It's pretty good. Uh, the, uh...

• 2:35:44Speaker 00

  But how did I know we were gonna have negative oil?

• 2:35:46Speaker 01

  Well, you're an oil guy.

• 2:35:47Speaker 00

  Yeah, well, none of these pundits had ever been the cushion in Oklahoma to where they swap wet for dry barrels. Okay? It was built in the 20s, 30s, 40s. And it's just recently been computerized and they got old software, blah, blah, blah, blah. There's no fucking way they could have taken an influx of that much oil. I didn't know how much. I guessed off the top of my head. I said minus 24. It went minus 37. Now, some of my guys, Wall Street guys, shorted oil. Made hundreds of millions. Couple guys, allegedly billions. Because no, I mean, you could short that commodity all day long and they were just taking the tickets.

• 2:36:34Speaker 01

  Landman.

• 2:36:36Speaker 00

  It's a great, a great series. I love it. And the fact that he used to be married to Angelo.

• 2:36:42Speaker 01

  Angelina Jolie, yeah.

• 2:36:44Speaker 00

  And then she said on the news, he's the greatest fuck. He's got a cock like a, like a baseball bat. She said that on the news. I still remember that. I love that girl after that.

• 2:36:53Speaker 01

  They used to wear vials of each other's blood around their neck. Yeah. Yeah, he's the man. He's the man. Dan, if you had to start everything over again in 93.

• 2:37:03Speaker 00

  I'd go back and I'd be. I'd be. No, I'd be doing, what'd you do, the first job you had? Wall Street?

• 2:37:11Speaker 01

  Well, Wall Street, what, a derivatives trader?

• 2:37:13Speaker 00

  Yeah, yeah, I'd be derivatives. Cause that's trading nothing for nothing. Do they still have derivatives traders?

• 2:37:20Speaker 01

  Yeah. Derivatives is big business.

• 2:37:22Speaker 00

  No, but don't they have algorithms enough to do all that shit?

• 2:37:25Speaker 01

  Nah, you still need the derivatives. You still need the people. Yeah, it's still big business.

• 2:37:30Speaker 00

  So AI is not gonna make that disappear?

• 2:37:33Speaker 01

  Maybe. It definitely can take some, take some things out of it. But Wall Street's strong, right? Goldman's and results are strong. JP Morgan's building a brand new building in London. Brand new building in New York. Business is good for those guys. Would you do anything different with QLA? And you had to do QLA. You had to do this. This was your calling.

• 2:37:55Speaker 00

  Well, I guess you say that. But I tried to do it with the bear. And they told me, I had two great ideas while I was at the bear. One, one QLA, I'm searching for, you know, the best bang for my institutional customers buck. Okay. And the, and I said, it's, it's a quasi-real estate play. We buy companies, blah, blah, blah. And I forget either Ace or somebody told me that we wouldn't do that cause there's no real fees in it. Especially if you do seller finance, okay? So then I came up with a second deal was a Salawati oil field in, no, Wallo oil field in Salawati, Indonesia. Oil was like, I exaggerate now, six, six inches deep. A foot or some shit. It's a no-brainer, okay?

• 2:38:39Speaker 00

  And the Indonesian government just hadn't got around to development and, and so I somehow got an option. Just like I took an option public and you don't have to put up any money. And I brought it back to the bear and we had one oil analyst, who was a nice enough guy, an Indian guy. He said, no, no, oil is way above the guys here. They're not interested in that. I said, well, I'm leaving with this one. I said, is it all right for me to leave? So I went to my bosses, one of which was at my 80th birthday, Keith Kretschmer, he's 90 now. And I said, I'm leaving with this deal. And everybody says, okay. And he says, well, don't be surprised if 25 years from now they come back and ask you for their share. 10 years ago, I get a letter from Bear Stearns, the cleanup lawyer from the bankruptcy. Wanted to know what happened to that asset.

• 2:39:24Speaker 00

  Really? Yeah. And I made a handshake deal with Saharta, the butcher murderer, what do you call it? I got paid 25 years though. 25 years. It wasn't always on time, but I always got it. Because he liked me. You know, he liked me. I think more or less, his crazy son, Bong Bong, liked me more, in a way that's not healthy. But anyway, I got paid. And so I left. But then a number of years later, they wanted to know, we don't see Bear Stearns on the title anyplace here. And so I showed him a letter. Thank God I kept the letter. This is before emails, you know? Yeah. And their lawyer asks, how many copies of this letter do you have?

• 2:40:02Speaker 07

  What the London Real Investment Club actually does for you, it gives you the keys to open that door to the inside. Deals, in the last three weeks, I've participated in three incredible deals. A Layer 2 Bitcoin protocol, an incredible AI protocol. The deal flow is beyond what I expected. I don't think I've ever seen a model like this that just gives average folks the opportunity to be behind the deals. And that's exactly what we've done. Not only that, you get to hang out with Brian Rose every week. And for me, that was huge, because I look at Brian as somebody who's not only an expert in the space, and I think is on the leading edge, but just the leading edge of thought with London Real and the work he's doing there. To anyone who's taking a serious look at this, I know

• 2:40:45Speaker 07

  it's a big decision. It was a big decision for me and my family. And it is one of the best decisions I've ever made. So I wish you all the best and hope you come join us.

• 2:41:00Speaker 00

  And I said, "One," as I took it back, "just one, this one." But that's why I left the bear, because of the oil. There's plenty of places that you can get oil for $2 or $3 a barrel to the surface. But there's so many other places, and that would take billions in infrastructure. Because there's no pipelines there, it's too shallow for ships, like Onassis had, and there's all kinds of reasons. But someday, they're gonna have a secondary, tertiary, and even a fourth method of extraction that'll be able to take this oil profitably. And there's no reason to have all this other shit. And the oil guys know that.

• 2:41:45Speaker 00

  So they're still graduating petroleum engineers, left, right, and center. Geologists, left, right, and center. And so, I know that, I'm not the only guy that knows that. And when he says "drill baby drill," he means it. And plus, a lot of his backing comes from the oil-drilling states. Those psychos from Oklahoma, Kansas, Texas, you know, "drill baby drill."

• 2:42:10Speaker 01

  His energy secretary is a MIT kid.

• 2:42:13Speaker 00

  Yeah?

• 2:42:13Speaker 01

  He was at my fraternity a few years before I got there. So we're not all bad.

• 2:42:18Speaker 00

  No, no, I know a lot of MIT guys that are smart.

• 2:42:25Speaker 00

  I know a couple of Caltech guys that are smart, too.

• 2:42:30Speaker 00

  But those schools, as I tell this, when I'm at, I've never been there, but at Harvard, excuse me, Oxford, some of these other schools I've talked about, it gets you in the door. It may get you your first promotion, but after that, you're on your own.

• 2:42:44Speaker 01

  Yeah.

• 2:42:44Speaker 00

  Unless you're fortunate enough to, your boss and boss-boss went to those schools. And then, you know, Kelly was able to, because Northwestern, and maybe that's why she wants to stay near Chicago. There's a lot of Northwestern grads there. And they're loyal to each other.

• 2:42:59Speaker 01

  Okay.

• 2:43:00Speaker 00

  Okay?

• 2:43:00Speaker 01

  Yeah.

• 2:43:01Speaker 00

  But she got paid an inordinate amount of money to do fuck all. In your opinion. My opinion. Okay. I forgot more about... Pushing paper, management stuff. Yeah, I mean, I could do that in a coma. In a coma. Dan, what if there's someone listening and they would say to themselves, "I'm too weak, I am a cunt to say your terms, and I need to change myself if I want to get something out of this life." How can they do it?

• 2:43:31Speaker 00

  The first thing is I would... This is all free information, so you take it for what it's worth. We have a book online, all my material is free online, you know that, okay? Called "Q. A. For Dummies." It was originally written for kids about 10, 12 years ago, but it is almost read piece by adults.

• 2:43:52Speaker 00

  We wrote it for a 10 to 12-year-old, which is more or less the average mentality of, unfortunately, homo sapien right now. And I'd read "Q. A. For Dummies", and if it makes sense there, then all the rest is laid out on my site for free. I mean, my book, Your First Hundred Millions, free. It's a good book. Yeah, it is a good book. It's actually a good book. We have guys that have made hundreds of millions that I never met. Now, many of them come back to the seminar just to say thank you. But we've got guys in prison that have made a lot of money. But one of my favorite stories, we had a minister from

• 2:44:34Speaker 00

  a bumfuck Oklahoma come to the seminar about five, six years ago. And he's a guitar kind of minister, you know? And so, he tells a story, and you could tell he's wearing his cousin's suit or, I mean, he wasn't clothes that were made for him. And he said that, because you go around and say why I'm here, what I do, etc. And he says, "I'm a Baptist minister, and, you know, a couple, three years ago, my son, I was picking him up for school, and he asked me, 'Why does Billy and Johnny and Sally live in bigger houses than we have, Daddy?'" And before I could answer, he said, "I guess God doesn't pay that well."

• 2:45:11Speaker 00

  He saved for three years to come to the seminar. Lost his kids in a divorce to his wife, okay? But he's now a big health maggot mogul in Oklahoma. He owns fifty, sixty assisted living. And he's worth twenty, thirty, forty million bucks. But his son said, "I guess God doesn't pay that well." Well, God doesn't pay that well, so he's right about that. But you've got to have a driving force. If you don't have a driving force, and if you're only going to try, you're going to fail. But start with Q and A for dummies. And it's, uh, don't be demeaned by the cartoon shit on the front. But I mean, it's, it's helped countless people. But you are who you hang around with. You're the average of the five people.

• 2:45:54Speaker 00

  And I said it earlier, maybe a mom, a part-time dad, an older brother, a sister, maybe a grandparent, and your next-door neighbor. And what do they know about building high-performance people? Nothing. Nothing. Some cases, you know, I told you I interviewed a Kennedy recently. He looked, I mean, fuck, I, I thought it was... "You're a real Kennedy?"

• 2:46:19Speaker 01

  "Yes, sir."

• 2:46:20Speaker 00

  "I can't get a job." Now, I felt good. It's a shitty thing to say, but I felt good about it. And he says that, you know, everybody thinks that I'm a shoo-in. Now, maybe fifty years ago, I was a shoo-in, but I'm certainly not a shoo-in today. And he went to Harvard and ba-ba-ba.

• 2:46:37Speaker 01

  Right, still.

• 2:46:37Speaker 00

  And he went to that prep school that they go to before they go to Harvard.

• 2:46:41Speaker 01

  Andover.

• 2:46:41Speaker 00

  Andover.

• 2:46:42Speaker 01

  Is it Andover? Yeah, yeah, yeah. You're on the East Coast.

• 2:46:44Speaker 00

  Just like you, just like you.

• 2:46:46Speaker 01

  I didn't go to Andover.

• 2:46:47Speaker 00

  No. And, um, but you've still got to take action. But my neighbors here in Scotland,

• 2:47:00Speaker 00

  they're on the eighth, tenth, twelfth generation Etonians.

• 2:47:06Speaker 00

  And they go to either Oxford or Cambridge. Occasionally, University of Edinburgh. They, um, they, they work in the city for three or four years. They want to be a director, a main board director. And they go in the black watch, you know? And then they come home and drink themselves to death. They've been doing that for five, six hundred years, since, um...

• 2:47:35Speaker 00

  Napoleon got beat at Waterloo. Nothing's gonna change. I mean, why would you change? I went to a cocktail party three or four years ago, they call them drinks parties in Scotland. Interest rates were still at 5,000 year low. Before they started going up, they were zero more or less. Danny, what are you talking about? Zero interest rate? I said, yeah, they're just about zero. They give money away now. And they, they didn't have a fucking clue.

• 2:48:07Speaker 01

  No idea what you're talking about.

• 2:48:09Speaker 00

  Nothing.

• 2:48:09Speaker 01

  Right.

• 2:48:09Speaker 00

  They thought that I was trying to promote something.

• 2:48:11Speaker 01

  Doesn't affect their lives at all.

• 2:48:13Speaker 00

  And somebody's wife asked Sally, is your husband, has he got a new prize trying to sell something? Sally said, what are you talking about? And then she said, interest rates are 5,000 year low. What interest rate? Now, the guy that runs Saudi, he's got initials, what do they call him?

• 2:48:32Speaker 01

  MBS.

• 2:48:32Speaker 00

  Okay, MBS was sitting at a, at a meeting here recently, and somebody mentioned net zero. He has two interpreters. What do they mean, net zero? There is no net zero. That is a fig Newton of their, somebody's imagination. That is never gonna happen. Never. And then they say net zero, or no, 30% or whatever they say for UK by 2030 or 2050. They're lying.

• 2:49:06Speaker 01

  I hope not.

• 2:49:07Speaker 00

  Well.

• 2:49:08Speaker 01

  I mean, I hope so.

• 2:49:10Speaker 00

  Well, net zero for whom?

• 2:49:13Speaker 01

  It's already dragged this country down.

• 2:49:15Speaker 00

  Well.

• 2:49:16Speaker 01

  There's a front page article in the Wall Street Journal today talking about how the Greens cam drove electricity prices up and supply down over the last 20 years.

• 2:49:25Speaker 00

  I couldn't believe, when I heard the first advert, heat or each? For all people?

• 2:49:30Speaker 01

  Oh yeah, here, 15 years ago.

• 2:49:32Speaker 00

  It's worse than Scotland.

• 2:49:33Speaker 01

  I bet.

• 2:49:34Speaker 00

  And I said Sally, and they were showing some old get about 75 years old. And I was maybe 77 or 78 then. And then we checked around, the local reverent, and he's, oh no, no. And Sally's checked around just recently, if anybody needs in the village, needs anything. Oh no, no, there are people a lot worse off than Guthrie Village. You know, and he talked about Glasgow and some of the other parts of Scotland, but not, you know, heat or each. And then they showed some old guy, his pension is 1,200 pounds and his heating bill went from 600 to 1,400. Now, I'm sure maybe there's one guy, but I mean, they make it sound like it's your next door neighbor.

• 2:50:16Speaker 01

  Right.

• 2:50:17Speaker 00

  So, we actually went around and checked with everybody, make sure everybody had enough money or enough heat or this and that. But advertising, I mean, it is... And now it's easier to tell bullshit on the internet. It's easier to tell bullshit, unfortunately. And the, and now the people, the last generation and a half are more gullible. When stuff like that came out when I was, I don't think I was ever gullible, but it came out when I was young, I mean, and now they have fact checks. Okay? When I was first on Wall Street, there was two, three guys I would call if I wanted to know, is this the truth? No.

• 2:51:01Speaker 00

  You know? But they all taught me, especially at Bear, follow the money. What's the big money doing? Okay? And the big money's hardly ever wrong. They are wrong from time to time, but not too often. It's interesting that the guy that owned the Titanic decided not to sail on it and the guy, Abelson, who owned Twin Towers, happened to not go to the office that day. The two largest insurance claims that were paid in the history of the planet. Somehow, they were able to escape that tragedy.

• 2:51:44Speaker 01

  So, watch the bunny?

• 2:51:46Speaker 00

  Yeah, and big money hardly ever makes a mistake.

• 2:51:50Speaker 01

  So, people can download QL for Dummies, they go to your website, you're doing four seminars a year?

• 2:51:56Speaker 00

  Yeah, the next one's in February.

• 2:51:57Speaker 01

  Okay, February, okay. And then hardcore New Years.

• 2:52:01Speaker 00

  Well, this year is New Years. It'll be in December, January.

• 2:52:05Speaker 01

  Okay. And you got a podcast coming soon, new.

• 2:52:08Speaker 00

  January.

• 2:52:09Speaker 01

  You're gonna interview people.

• 2:52:11Speaker 00

  Correct.

• 2:52:12Speaker 01

  I got... This I gotta watch.

• 2:52:13Speaker 00

  Yeah.

• 2:52:13Speaker 01

  Okay. That requires empathy, Dan.

• 2:52:16Speaker 00

  No, well, no, well, I mean, they, they.

• 2:52:19Speaker 01

  Maybe it doesn't.

• 2:52:19Speaker 00

  I just got, was screaming at somebody today. Uh, we're gonna ask these people, I says, no, no. You tell them they're on the podcast. I'm not asking anybody. There's only one answer to this fucking thing, and yeah, when, when he can, or she, or it can make themselves available. And so.

• 2:52:36Speaker 01

  I like that.

• 2:52:37Speaker 00

  Yeah.

• 2:52:38Speaker 01

  I like that.

• 2:52:39Speaker 00

  Let me ask them.

• 2:52:39Speaker 01

  Yeah, I like that.

• 2:52:40Speaker 00

  I made these cocksuckers!

• 2:52:42Speaker 01

  You did.

• 2:52:42Speaker 00

  They owe me! They're lucky I'm not collected in cash!

• 2:52:49Speaker 01

  I can't wait. You're gonna shoot it in your bar, where you were shooting those pod, the Godfather talks and stuff? Or you go to a studio or something?

• 2:52:56Speaker 00

  Or in front of my trillion dollar man sign.

• 2:52:58Speaker 01

  Okay, I like that too.

• 2:52:59Speaker 00

  Yeah.

• 2:53:00Speaker 01

  Okay, uh, stay tuned for the Vatican getting completely, uh, back to normal. And then, uh, stay tuned for the knighthood.

• 2:53:07Speaker 00

  There's gonna be some turmoil.

• 2:53:08Speaker 01

  For the British knighthood. Can I come to that, you know, and just cheer you on?

• 2:53:11Speaker 00

  Absolutely.

• 2:53:12Speaker 01

  Yeah?

• 2:53:12Speaker 00

  Absolutely, the, um.

• 2:53:14Speaker 01

  Could I get a guest?

• 2:53:15Speaker 00

  Well, I don't know about that, but, um, I feel very, you know, uh, I, I, I took communion while I was at the Vatican. And so, uh, for about ten or twelve days, I felt different. And Sally says I was acting different. And I was trying to watch the, how many times I said fuck and stuff like that. And, uh.

• 2:53:37Speaker 01

  Just like when you meditated in Nepal, yeah, a few days, something happened to you, right?

• 2:53:40Speaker 00

  No, I didn't meditate, I, I just felt different when I left Nepal, that's true.

• 2:53:43Speaker 01

  Right.

• 2:53:43Speaker 00

  Uh, I still don't meditate, but I still.

• 2:53:45Speaker 01

  And when you meditated at Dave Asprey's conference, you felt different for a little bit.

• 2:53:48Speaker 00

  No, no, no, a third chakra.

• 2:53:49Speaker 01

  Third, yeah, third sigh, see?

• 2:53:50Speaker 00

  Now, why don't everybody say that's such a big deal?

• 2:53:53Speaker 01

  It's there inside you, Dan.

• 2:53:54Speaker 00

  Well, I did it like in about six microseconds.

• 2:53:57Speaker 01

  Okay.

• 2:53:58Speaker 00

  I didn't do it once, I did it three times. And then I got, we went out with some friends of ours, got drunk, and then when we went back to their, uh, their big mansion, uh, in the kitchen, uh, and then, uh, one of the wives said, "Do it one more time!" So I got in the other room.

• 2:54:16Speaker 00

  I did it again. And then, so, and I've got some mystics to follow me. That's not possible. Cause I've been hearing about the third fucking chakra for fifty, sixty years. And, you know, and, uh, the, the dali. Okay? And I've got some guys that are right-hand people to the dali.

• 2:54:35Speaker 01

  Right, you haven't met them?

• 2:54:36Speaker 00

  No, never, never met them.

• 2:54:40Speaker 00

  But I have, I

• 2:54:42Speaker 01

  You could have gone two ways, Dan. You could have gone the monk way.

• 2:54:45Speaker 00

  No, no.

• 2:54:46Speaker 01

  These guys make a lot of money, you know.

• 2:54:47Speaker 00

  I wanted to be a priest.

• 2:54:48Speaker 01

  Oh, yeah, I know.

• 2:54:49Speaker 00

  Okay, I'd be pope by now. I've already told an Archbishop that, and he went, "Mr. Penya, I know that sounds presumptuous, but I'm telling you what the Lord knows. Well, let's hope you're right. My prayers are with you." I've not got a no yet.

• 2:55:10Speaker 01

  Okay.

• 2:55:12Speaker 00

  From any of the high-powered clergy. Not one fucking no.

• 2:55:16Speaker 01

  Oh, on the

• 2:55:17Speaker 00

  The thing.

• 2:55:18Speaker 01

  On the thing, okay, good. All right.

• 2:55:22Speaker 00

  Sally says, "Can we build in a trillion-dollar salary or anything?" I don't think so, Sally. I'm not doing this for the money.

• 2:55:27Speaker 01

  You're doing this for the rep?

• 2:55:29Speaker 00

  Correct.

• 2:55:29Speaker 01

  Okay. All right, well

• 2:55:32Speaker 00

  But there's a few people like Trump. I'd like to damn.

• 2:55:36Speaker 01

  A damn?

• 2:55:36Speaker 00

  No, damn them.

• 2:55:38Speaker 01

  Oh, okay, oh, damn them, okay.

• 2:55:39Speaker 00

  Yeah, I know.

• 2:55:40Speaker 01

  When you're up there.

• 2:55:41Speaker 00

  Not everybody deserves to go to heaven. If I get to be in charge of that list, you know.

• 2:55:48Speaker 01

  Oh, who you can damn?

• 2:55:49Speaker 00

  Yeah, where I can, who goes to hell?

• 2:55:51Speaker 01

  Maybe they'll give you that for a day if you pull it off.

• 2:55:54Speaker 00

  Not if, when?

• 2:55:55Speaker 01

  If when. I meet people all the time, and they're fans of yours, and I always tell them, "Go to the castle," and they get this look about them, like, "Oh, my God, I could never go." I'm like, "Go, go. I don't know how much longer he's gonna be doing it. Go."

• 2:56:06Speaker 00

  That's right, remind me, I should probably raise the price. I haven't raised the price in eight or 10 years.

• 2:56:11Speaker 01

  Yeah, raise it.

• 2:56:12Speaker 00

  Somebody reminded me of that.

• 2:56:14Speaker 01

  Most people are just terrified to go.

• 2:56:15Speaker 00

  Yeah, well, I mean, I gave a talk for the Scottish Business Association in Glasgow three weeks ago, and the guy that organized it is a mentee of mine named Paul McFadden. And they had a special dinner, that I was there, and they were supposed to come up and talk to me, but everybody was afraid to come up and talk to me. And then we had a Q and A of about 100 people. And I didn't think I was particularly harsh, but apparently I was. And I said, you know, one of the kids, I said, "How old are you?" And he says, "31." "You've lived 31 years being this stupid? How's that possible?" The question, "Did you, did you do any preparation?" And I started going

• 2:57:01Speaker 00

  Most people that walk the street shouldn't have been born. Like I say, they should have rolled down your fat mama's leg. Instead of one of those four or 500 sperm that hit the jackpot. What good, what benefit to the human race have you done? None.

• 2:57:21Speaker 00

  And you have, you think you have rights?

• 2:57:25Speaker 00

  In Spartan time, we would have left in the fucking ditch. In fact, I'm, I'm willing to put you in the ditch right now.

• 2:57:33Speaker 00

  But I'm not just acting, I believe that with all my heart.

• 2:57:35Speaker 01

  I know you do.

• 2:57:36Speaker 00

  How do you produce all this money out of these little cunts?

• 2:57:41Speaker 00

  It's a fucking miracle. And that's what I told Cardinals, etc.

• 2:57:49Speaker 00

  That's why I've got no nose. And they're desperate.

• 2:57:55Speaker 01

  Saint Penya, it's coming.

• 2:57:57Speaker 00

  Saint Dan.

• 2:57:58Speaker 01

  Saint Dan, okay. I wish you all the luck with that.

• 2:58:00Speaker 00

  Thank you very much.

• 2:58:01Speaker 01

  I wish you luck with the...

• 2:58:02Speaker 00

  And I wish you luck in Dubai?

• 2:58:03Speaker 01

  Thank you, thank you.

• 2:58:04Speaker 00

  Okay, watch out, I know you think you're smart, Brian.

• 2:58:07Speaker 01

  But watch out.

• 2:58:08Speaker 00

  But watch out.

• 2:58:08Speaker 01

  Okay.

• 2:58:09Speaker 00

  Because there's a lot, they've been, they've been cheating with camels and camel saddles and flying carpets for thousands of years.

• 2:58:18Speaker 01

  Okay.

• 2:58:18Speaker 00

  Before MIT was ever invented.

• 2:58:20Speaker 01

  Okay, noted, noted.

• 2:58:23Speaker 00

  And there's some smart guys there. And I have a smart law firm, I'm not promoting anybody, but I have a smart English law firm who's been there since the beginning, who I depend on whenever I need something to be looked at.

• 2:58:35Speaker 01

  Okay.

• 2:58:35Speaker 00

  And it's a gal. The law firm is a big law firm. And the, but I mean, you gotta, you gotta be sure. And I always say, only do business where there's a rule of law. Well, the rule of law is a little shaky in Dubai. It's not as shaky as it was 25, 30 years ago.

• 2:58:54Speaker 01

  Right.

• 2:58:55Speaker 00

  But I mean, you need to make sure that whatever you're doing is rock solid foundation. Because they'll look for any excuse. And additional fees at the closing are a norm. I, I gave you one for 50 grand, I gave you one for 20 million.

• 2:59:11Speaker 00

  And the 20 million was out of 100 million. So the guy that got the 80 million, he thought all his birthdays had come at once. But if your, if your term sheet in your mind had spent the whole 100 million, what do you do when you only have 80 million?

• 2:59:31Speaker 01

  Alright, I'll watch it.

• 2:59:33Speaker 00

  And deals like that are commonplace. It takes a while in there for, you know, coffee and all that bullshit, which I don't, I don't relegate myself to that, you know, the, but they like meetings upon meetings upon meetings. But they have the money. So, most people put up with it.

• 2:59:53Speaker 01

  Yeah, yeah, they like to build the relationship.

• 2:59:55Speaker 00

  Correct.

• 2:59:56Speaker 01

  Relationship first, business second.

• 2:59:57Speaker 00

  Correct.

• 2:59:58Speaker 01

  Is what they do.

• 2:59:59Speaker 00

  At least that's what they say.

• 2:59:59Speaker 01

  That's what they say.

• 3:00:00Speaker 00

  Yeah.

• 3:00:01Speaker 01

  Alright. Thank you for the motivation.

• 3:00:05Speaker 00

  It's my pleasure.

• 3:00:06Speaker 01

  And the observations.

• 3:00:07Speaker 00

  I'll give my best to your family.

• 3:00:08Speaker 01

  I will.

• 3:00:09Speaker 00

  And your daughter.

• 3:00:10Speaker 01

  Yep, I'm gonna see her soon, she remembers you. And maybe I'll send the boys up to the castle with me in about five years.

• 3:00:16Speaker 00

  Well, for five years, well, if I'm still there in five years. I'm, I'll be there the next year or two for sure. But anyway, you do it at your own pace, that's fine. And the kids, I appreciate the opportunity. And the, so when will you physically be there?

• 3:00:32Speaker 01

  Uh, oh Dubai, end of the month, I'll be there. And then I'll be there for four or five months till summer. I might serve at the summer, I might come back here.

• 3:00:42Speaker 01

  So, yeah.

• 3:00:42Speaker 00

  Summer's the beast.

• 3:00:43Speaker 01

  Yeah, it is, although more people are staying now, but, uh, yeah, it gets a little hot. But yeah, it's getting bigger and bigger. Everyone's moving there. Everyone's moving from here, there, for a lot of reasons.

• 3:00:55Speaker 00

  You know where you're gonna have your office?

• 3:00:57Speaker 01

  Yeah, I think I got an idea. We had a studio there last year, so we had a whole setup there. So, yeah. Yeah. Next time you and Sally are in town, drop by.

• 3:01:06Speaker 00

  Okay, well.

• 3:01:07Speaker 01

  Alright, Dan.

• 3:01:09Speaker 00

  They have asked me countless times to do stuff there, but I won't do it there. Saudis asked me, you gotta come to the castle. Because people winding up like a shogi chopped up in embassies is for real. It's not just, you know, a James Bond movie.

• 3:01:26Speaker 01

  So you don't wanna get chopped up?

• 3:01:27Speaker 00

  No, I'm not gonna give them the chance to get chopped up.

• 3:01:29Speaker 01

  Okay.

• 3:01:30Speaker 00

  Okay. But they've, they've asked me many times. The only ones that I would take exception, that I would do it, is the Kuwaitis, the Al-Sabas, who I was in business with for ten years. And I know

• 3:01:42Speaker 00

  their family well.

• 3:01:43Speaker 01

  Okay.

• 3:01:43Speaker 00

  And I know, and I know the guys. And the grandson that was with me forty years ago is now the head guy. Cause his father and grandfather passed away. So, so the, I have more confidence than when he tells me something that's actually gonna get done. And the, and remember, there's a gazillion princes there. Omirs, there's a gazillion of them. And there's only a handful that actually, that title carries any weight. And so make sure you do your homework. And to make sure you're dealing with somebody that can actually, that promises you something, can actually fulfill it. Cause unfulfilled, uh, expectations are rampant in that part of the world.

• 3:02:23Speaker 01

  So, uh, maybe a one day seminar in Dubai for you?

• 3:02:26Speaker 00

  No, no, no, no.

• 3:02:27Speaker 01

  Your London one was a huge hit.

• 3:02:28Speaker 00

  What?

• 3:02:29Speaker 01

  Your London one was a huge hit.

• 3:02:30Speaker 00

  Yeah, uh, that was my, my retirement, which I didn't wind up retiring, that's five years ago.

• 3:02:35Speaker 01

  Yeah.

• 3:02:35Speaker 00

  And the, um, it was, it was a big hit. The, uh, but, um, you can count on two hands of the thousand people in the room.

• 3:02:46Speaker 00

  Then made it happen for themselves.

• 3:02:48Speaker 01

  Really?

• 3:02:48Speaker 00

  Two.

• 3:02:49Speaker 01

  So it's.

• 3:02:49Speaker 00

  Actually, seven. Seven guys.

• 3:02:52Speaker 01

  Okay.

• 3:02:53Speaker 00

  And one's a father and son, so that's six entities.

• 3:02:56Speaker 01

  And the rest, it was just a blip.

• 3:02:58Speaker 00

  No, no, it's something to check.

• 3:03:00Speaker 01

  So they have to come to the castle. You gotta lay hands on them.

• 3:03:03Speaker 00

  Yeah, but I mean, the, the, the six that, you know, uh, make quite a bit of money. But see, the expectations, i- i- if you think a lot of money's twenty million. Your body starts to run out at sixteen million, seventeen million, eighteen, and then you barely fall over the, uh, you know, uh, the goal line at twenty million. If you, your expectation is five hundred million or, or a larger number, you know, your body internalizes that. You know, it's like the difference between a two, a two round fight and a five round fight. Okay? And so, you know, and you, you internalize that. Um, and most, most people are ready for like a one round fight. And when it's, it's a long time.

• 3:03:45Speaker 00

  It's a long time, but I mean, you're, um, Iron Man and, uh, and the boxing, et cetera. Uh, it all boded well for you. And so that's good. That's good, and so with the, uh, whether you need any more fights or not, it's, you'll decide.

• 3:03:59Speaker 01

  Yeah.

• 3:04:00Speaker 00

  Uh.

• 3:04:01Speaker 01

  But I need more challenges and more risks.

• 3:04:02Speaker 00

  Yeah, and, and with that comes money. Are we winding up, right?

• 3:04:06Speaker 01

  Yeah, we're done. Thank you, Ampania.

• 3:04:08Speaker 00

  You're very welcome.

• 3:04:08Speaker 01

  All right.

• 3:04:09Speaker 00

  Okay, my pleasure.

• 3:04:11Speaker 01

  Hi, it's Brian Rose from London Real. You probably know that we've just recently been replatformed on YouTube after 25 months completely in the dark. The truth is, I really need your help. What I really need you to do is click on that subscribe button right now. Like this video and maybe even leave a comment or share the link with friends. We're really fighting against an algorithm that's tried to keep us quiet for so long. And the more subscribers we have, the more people watch our content, the better guests we can bring you, the better content, and we can continue transforming lives. We've been doing this for 14 years now. I want to do this for another 14 years, but I really need your help.

• 3:04:54Speaker 01

  So click on that subscribe button, like the video, leave a comment, share this, and we're going to continue to bring you more and more great content. Thank you.