Kind: captions
Language: en
The big beautiful bill gets approved in
the Senate. Elon promises to primary
fiscal conservatives who voted for the
big beautiful bill. RFK claims the CDC
buried a study linking hepatitis B
vaccine to an 1100% increase in autism.
Trump calls Candace Owens to ask for a
favor and wait till you hear what it
was. Metabuilds an all-star super
intelligence team pushing AI forward.
Upen strips transmer of all metals and
vows to conform to the Trump mandate.
and Bob Villain gets himself in trouble
at the Glastonbury Music Festival for
some wild chanting. After a 27-hour
votramama, the Senate narrowly passed
the big beautiful bill with JD Vance
doing the tiebreaking vote. There it is.
Um, we have some of the details of the
bill. For example, state and local tax
deductions have been increased to 40,000
for the first 5 years. No tax on tips or
overtime. Um, no tax on car loan
interest. Um, but there's been a lot of
spending criticism that Elon Musk hates.
for example, the $5 trillion hike to the
debt limit, 150 billion in new defense
spending, 25 billion in Golden Dome
missile defense, uh uh 45 billion in ICE
and illegal immigration detention, 4
billion to hire new border agents. Um
what say you about the big beautiful
bill and the impending rise to the
deficit? Yeah. So, I mean, listen, this
is there's really two points that we
need to look at this R. One is if Trump
really believed that he was going to
grow his way out of this and it wasn't
going to be a problem, uh you would not
need to increase the deficit by $5
trillion. Like if you felt like you had
to buy yourself a little bit of time cuz
it's coming up real quick. I get it.
You're hedging bets because you don't
know. And honestly, that's wise. You
have to you hope that we'll be able to
grow our way out of this. And trust me,
that really needs to be part of the
plan. But man, this is just more
spending. This is it does not matter if
you are on the left and the right the
reality of the physics of money mandate
that given the system that we have this
is going to happen literally forever.
And so I'm with Elon on this one. This
this is crazy. And people got into
office by saying whatever they needed to
say. Such such is the way of man is
political animal. Read the book the maky
of aliens by James Bham. It's really
distressing once you realize that people
will say whatever they need to to get
elected and get re-elected. In fact,
pull up the trial. You already have it
up. Yeah. Uh so here is Donald J.
Trump's saying for all costcutting
Republicans, of which I am one, remember
in all caps, you still have to get
reelected. Don't go too crazy. Will make
it all up times 10 with growth more than
ever before. No one will ever have seen
anything like it. Drew man, I want to
believe it. But here's the reality.
People say whatever they need to to get
in the office and then they do whatever
they need to to stay in office and get
reelected and we are in a fiscal death
spiral because people cannot help
themselves but promise things for free.
And so, yeah, if I'm Elon and I was
sleeping in the hallways doing
everything that I could to get rid of
waste, fraud, and abuse, and people were
lighting my businesses on fire, and then
the guy that asked me to do it ends up
raising the debt ceiling by five
trillion dollars, I'm going to feel some
kind of way about it for sure. Now, I
mean, look, you uh you play a political
game, you win political prizes, and I
think he thought that with the money
that he was splashing around that he was
going to get things his way. [ __ ] around
to find out, Drew. He found out and Elon
had a clapback. If this insane spending
bill passes, which it did pass the
Senate, the America Party will be formed
the next day, our country needs an
alternative to the Democrat Republican
uni party so that the people actually
have a voice. He also tweeted this
picture of Pinocchio saying, "Anyone who
campaigned on the promise of reducing
spending but continues to vote on the
biggest debt sealing increase in history
will see their face on this poster in
the primary next year." Um, it this is
man as political animal. I get it. But I
know a lot of one issue voters. You were
one of them that I'm a two issue voter
just for the record. Always always
remind people of that. your your one pri
your number one priority was reducing
the deficit and this bill does not do
that. Is this a betrayal in your in your
mind to It's not a betrayal because I
don't trust politicians to tell you the
truth. I trust them like vehemently to
say whatever they need to say in order
to get into office. So uh I was faced
with two horrible choices. You make the
best of the choices. The one who I found
least offensive of my options. Uh and
then I mean we'll see like I still am
optimistic that he is less problematic
for the economy but the reality is if we
can't break the money printing debt
spell then you will be in revolution in
I certainly the next 10 years maybe
sooner but you just look at the math in
the last 500 years only 2% of countries
have avoided ending up in revolution or
civil war if their debt to GDP ratio
exceeded at 130%. We're at 122%.
So, it is uh it's absurd. We are driving
towards bankruptcy. People seem to think
that it can't happen here. It can and
will happen here. At this rate, it is a
mathematical certainty. So, unless
something changes, um this reminds me of
the horror of dying by taking too much
Tylenol. So, if you overdose on Tylenol,
there's no way to save you. your liver
is going to die within 72 hours and then
you're dead. And so it's like once you
do it, people then regret it because
they realize it doesn't kill them in
real time. So they have 72 hours to sit
with the poor life choices that they
have made and they are going to die. And
so we are going to go bankrupt and this
is like Elon screaming about AI. Nobody
listened to him and so AI just went
marching forward. He's screaming about
the debt for the right reason. No one's
going to listen to him. They're just
going to keep marching forward. And the
more deep dives that I write, the more
times I'm confronted with, oh, no one
ever pulls out of this. And no one that
I've seen has yet asked me, well, who's
in the 2%. And the answer breaks my
heart so much because we will never be
able to do what they've done. And that's
Japan. And Japan, if you remember, in
the World Cup, was the group of people
that cleaned the stadium before they
left after their matches. You're you're
not going to get Americans to behave
like that. So right now, barring growth,
we will tear ourselves apart from the
inside in some sort of probably civil
war feels more like where we're headed
uh within the next 10 years because of
the math. Yeah. So there's two things on
the table right now. Trump's proposal is
that growth is going to save us. We'll
be able to grow our way out. I don't
know if that's AI. I don't know if
that's robots.
And then Elon with we need a third
political party that can maybe
circumvent the Democrat Republican. I
think that's probably going to make it
worse. Oh man. So either way, you're
like 50% on growth and less than 50%
that we're going to be able to third
party our way out of this as well. Okay.
I haven't looked at third parties
enough, but my gut instinct is
if you have the third party, what you
end up with are all these weird
coalitions and you end up with
governments that really aren't popular
because it's only when they group up
together that they're able to get a
majority, but now you're really
fractured. And so instead of, and this
again I'm shooting from the hip here,
but instead of two parties that have to
find their way more to the middle to
obviously we're not doing that right
now, but historically you would have to
find your way to the middle to build a
coalition because there were only two
teams. And so one of you uh had to get a
really substantive amount of the vote.
Now, it's pretty rare that you get more
than 50% of the vote, but anyway, you
have to get a very substantive amount of
the vote. You water that down when you
have two parties because then they can
build a very uneasy coalition, get the
majority and then fall apart and turn
into bickering and you just end up
getting even less done.
Is there any hope for us to do take a
book out of Japan? I mean, we might not.
No, Japan is definitely not the answer.
You do not want to end up like Japan.
That is stag nation, stagflation, as
they call it. You don't want to be
there. I think Japan is about to decline
even more rapidly. That that is not the
answer. What is the answer and Ray Dalio
has been screaming this from the
rooftops is you have you must get out
from under your debt. You must you must
hey you must get out from under the
debt. There is a way to do it. It's
called a beautiful deleveraging.
He maps out how to do it. I've mapped
out in detail one of my deep dives.
We've got another one coming on Monday
where it happens to get another shout
out. Uh but will people do it? No.
Almost certainly not. Because what ends
up happening is inequality makes people
mad. People don't understand what causes
the inequality. They think that it's
billionaires mopping up the money and
that's what's leaving them poor, which
it has literally nothing to do with
that. Mhm. Um, and what ends up
happening is once people are voting
emotionally, they vote for the person
that will turn on the money printers,
promise them something for free, and
they don't realize that when you have
inequality, and that's making you vote
for somebody who's promising you free
stuff, that is the very thing that will
accelerate your demise. So if you're
already middle class pushing towards
lower class, that will speed up the rate
at which you exit the middle class and
into the uh lower class because of the
physics of how money printing works. But
people don't understand that. So they
keep voting for it. They they vote for
the very thing that's holding them back.
And so um what ends up happening again
98% of the time in the last 500 years is
we go to war with each other because
we're just so angry. And so the left
hates the right, the right hates the
left, everybody gets on a team because
you have to because people start
throwing punches. I mean, we literally
have political assassinations happening.
And I don't just mean Trump. I mean, two
uh people in Minnesota, two uh
Democrats, I believe, were gunned down
um immediately after an unpopular vote.
I don't know that that's what it was,
Drew, but woo, pretty coincidental if
it's not. So, you're living in an era of
political assassinations. People are
very angry and they have a right to be
angry because the inequality is
intolerable, but the very thing that
they're voting for that they think
somehow is going to take them out of it
is the thing that accelerates the
inequality. It It is maddening. It's one
of those where I'm like,
I always want to know the truth. So, I'm
not really sad that I'm looking at this,
but the more I look at this, the more
I'm just like, yikes. This is a black
black pill. All
right, I got to get the alpha for my my
investor bros out there. Um, we know
that they're going to spend more. If he
did five trillion, hypothetically
speaking, let's say we increase the debt
2 and a half trillion, 3 trillion,
whatever like that. Is there a way we
can benefit from that? Cuz I know that
the world is falling among this, but if
I could just make my portfolio go up a
couple percent that might be able to So,
here's the really bad news. You are 100%
correct. The only people that survive
are the people that buy assets. This is
why there are more billionaires made.
This is why it drives me absolutely
crazy when people are like, "Should
billionaires even exist?" Hey, guess
what? It would be so much harder to
become a billionaire if you did one
thing. Stop printing money. If you stop
printing money, you stop inflation. If
you stop inflation, it becomes very hard
for asset prices to go up enough that
people become that kind of absurdly
wealthy. But again, people don't
understand the physics of money. They
don't realize that you have to be in
assets right now. If if you go into
assets right now and listen, I never
want people to mistake the specifics of
what I say. I will give you an answer
because I hate it when people dodge
questions. Uh I'll tell you the answer,
but it's not investment advice. People
need to think through the stuff for
themselves. They need to make sure you
you don't want to bet your life savings
that I have accurately mapped cause and
effect. Let me take that risk uh with my
own life savings. But if you know you
need to be not only in assets but
ideally in lowrisk assets that are
inflation resistant. So the lowest risk
inflation resistant asset over extended
periods of time is gold for sure. If you
have a higher risk appetite uh bitcoin.
So I've got a little bit of gold. I've
got a lot of bitcoin. And then I'm just
general in the stock market. So I still
believe in the US stock market. We are
the home of innovation. some of the
stats on the US that really just make
you want to weep because we are so far
ahead of everybody else and we are just
ripping ourselves to shreds. Uh we have
more billion dollar companies,
600 unicorn companies. Wow. Uh
than all other countries combined.
You can literally add and it the thing
that people need to understand is a
billion-dollar company is a standin not
exclusively but a lot a standin for
innovation. They solved a problem in the
market that people said oo you created a
machine that outputs something that's
more valuable than the inputs. It it is
extraordinarily hard to do and
no one on planet earth does that like
America. Mhm. And so seeing us erode our
own system from the inside is insanely
distressing because we really do have
the right culture to grow our way out of
this. But over time, we've just been
putting so many barnacles on the turtle
and the turtle is starting to sink.
Well, we have to investigate it. We have
to do the science. We have to do the
work. And that's what RFK wants to do as
well. RFK is with hepatitis B. Um he has
seen a link that caused a spike in
autism rates that he says the CDC has
buried evidence that corroborates that.
Uh this is from his Tucker Carlson
interview. You would do if you wanted to
find the answer which is to compare
outcomes in a fully vaccinated group to
health outcomes in an unvaccinated
group.
And CDC did that study in 1999.
They brought in a team of um of
scientists under a Belgian researcher
named Thomas Verstraten
and they looked at the data. They looked
at uh children who had received the
hepatitis vaccine within f first 30 days
of life and compared those children to
children who had received the vaccine
later or not at all. And they found an
11 135%
elevated risk of autism among the
vaccinated children. Drew, if I could
snap my fingers and get the world
obsessed with one thing, it would be to
get them obsessed with don't worry about
being right. Just find the right answer.
And I get there's money on the line and
all of that, but when you obsessively
focus on what's really true,
you can
maybe in this moment you hurt one of
your revenue streams. But if you're
really just like, what's true? How do we
do something better? You open up revenue
streams ahead of you. I remember at
Quest, we made a decision that cost us,
Drew, it cost a lot of money. I mean in
valuation it would have been hundreds of
millions of dollars and it was just like
you found a company on a set of
principles and you say uh the very
reason that we are successful is because
of these principles that we are looking
at what is metabolically real. If you're
a drug company and you're not founded on
a principle of like what's real, what
actually helps, you're you're going to
flame out. And it's this really weird
thing that's lodged very deeply in the
human psyche of optimized for right now.
And this is part of the reason that
founderled companies will do so much
better than companies where they have a
team that just comes and takes over and
is in the revenue um extraction phase
instead of like the build and create and
overcome all the obstacles. It just
becomes a very different thing because
you're not married to those principles
anymore. But if like moments like this,
what I find interesting about RFK, and
we'll see, man, maybe he's a lunatic. He
did not come across that way to me when
I researched him. He did not come across
that way to me when I was sitting across
from him. I know that people feel some
kind of way about him. But he really
feels like somebody He's right when he
says that if you want to know what is
true, you would compare the vaccinated
group to an unvaccinated group and just
see what the data says. Um,
even if he's a lunatic, that statement
is true. Mhm. And so if we as a nation
could become obsessed with we just want
to map cause and effect. We want to
understand we do this we get this
outcome. People just they can't they
have such a hard time reconciling it.
Careers are caught up in it. The whole
idea that science doesn't advance one
insight at a time. It advances one
funeral at a time because people build
their career and I said this thing uh
it's just super dangerous as in terms of
it leading to good outcomes for you and
your life. So, as a PSA, I will remind
people that you can choose what you
build your self-esteem around. If you
build your self-esteem around everything
I've said historically has been right,
and I will fight to the death over that,
uh, you're going to top out. You've put
a glass ceiling on yourself because the
odds that is true are effectively zero.
Newton, arguably the smartest person who
ever lived, was just wrong about
physics. And so, had he lived long
enough to see Einstein say, "Hey, by the
way, you were wrong." if he had doubled
down, defended that, like what a tragedy
to have that kind of mind stuck on ego.
But it happens all the time. Is this
just strictly ego? Cuz there's something
about us curing the symptoms versus the
actual disease. There's larger
conversations about the pharmaceutical
companies influencing media and
advertising and things like that. It's
ego tied up in legacy, tied up in I want
to be right, which I think humans have a
really like just deeply ingrained desire
to be right. Being right has a huge
dopamine loop to it. And money money is
powerful and money isn't what people
think it is, but it's probably more
powerful than they think it is. What do
you mean by that? You can just drop that
box. Money is the great facilitator.
Everything you've ever wanted to do in
your life, you either can or can't do
because you either can or can't afford
it. And so getting wealthy, you realize
there are two things that are just
astonishing.
One, you don't stress about money. It is
amazing.
And number two, anything you want to do
obviously that you can afford. But man,
when you start getting wealthy, you can
afford some really crazy stuff. and you
just start going, "Wa, I can build
whatever I want to build." Like, this is
amazing. This facilitates every dream
I've ever had. Uh, I want to make a
video game. Okay, I can afford to make a
video game. I don't have to even sit
there and click clack for seven years. I
can hire people that come and do the
click clacking for me. Uh, you can get
the greatest artists in the world to
come and design things for you. I'm just
absolutely incredible. So, you have to
want something though. You have to know
what you're going to be pointed at. But
when you have people at a company like
this and their ego is tied up in I got
to protect my career. Uh I want to just
feel right. I've really extended myself.
And this is another part of the ego trap
is to cut through the noise, to get the
attention, to get the promotion. You've
got to be loud. You've got to intoxicate
people with certainty. You've got to put
your reputation on the line. You've got
to bet against the consensus and be
right. You've got to get people going,
"Oh man, that guy really knows what he's
talking about." The problem is when you
build your reputation like that, the
bold claims, like moving in that gap
like a race car driver and being like,
"No, this is true." You're in a very
fragile position cuz the second somebody
can come and pick apart your reputation,
then people won't follow you anymore.
And so it really it's super effective to
be that bold person if you're right
often enough and you can hide your
mistakes. But ultimately it's a very
fragile position because other people
are watching how you move and they will
take you out. So my method uh has always
been to say listen I'm going to lead
based on one thing what I call the
physics of progress. I'm going to be
wrong a lot and I'm just going to
constantly look for what's cause and
effect. Now, because cause and effect
stacks and you're able to do crazy stuff
over time because you realize how things
connect, um, you can do a lot, but you
have to you have to find a way to build
your ego because you need an ego, but
you have to build it around identifying
the right answer instead of being right.
You have to be able to sit while people
are laughing at you and they might be
laughing at you for extended periods of
time because you're wrong a lot as you
iterate, iterate, iterate. Um, but if
you can sit in that discomfort and keep
stacking the cause and effect, then on a
long enough timeline, uh, you can beat
almost anyone at almost anything. Nice.
That was a mic drop right there. We'll
get back to the show in a moment, but
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You can thank me later. Now, let's get
back to the show. Candace Owens, she is
infamous for her claims and for her uh
interesting journalistic. talk about
making bold statements. Um, and then
somebody from the White House asks her
to do something for her in claims of all
her in lie of all her claims. Um, let's
hear it straight from Candace Stones to
say what her mystery phone call was
about. And I get another message that's
like, "Hey, keep your phone on." And
anyways, this phone call is coming from
Florida. I pick up the phone and lo and
behold,
you know, so here's what happened. I I
uh I'm I'm I'm negotiating this thing.
I'm negotiating Ukraine and Russia. And
you wouldn't believe how many how many
parts are part it is President Donald J.
Trump. He is calling me and in true
President Trump fashion, he jumps right
into the narrative. There were not. Hey,
how you doing? He just like jumps right
into the narrative of exactly how this
went down. I am literally I it is hard
to catch my breath to comprehend that
four days ago. I'm ending a series about
Breijit Mcronone and for and now I'm
speaking to the president of United
States and the topic of conversation no
matter which way you want to slice it is
about Mcronone's wife's penis. I mean
there's no other way to say it, right?
Anyways, I have Mcronone. I like
Mcronone. We're speaking at the White
House and and I'm walking him to his car
and you know he says to me, "Mr.
President, can I speak to you for a
second?" I say, "Of course you can speak
to me about anything. What's going on?"
And Mcronone wants to have a little
sidebar. And then Mcronone says to him,
"Mr. President, do you know Candace
Owens?" And I say, "Yes, yes, of course
I know Candace Owens. What's going on?"
And then he continues his narrative and
he tells me that Emanuel Mcronone is
requesting to his face that I stop
speaking about his wife. And one of the
things Trump said is like, you know, he
tells me, you know, she's old and this
is really, really impacting her. What
timeline are we on, Drew?
What timeline are we on? Like, I want to
dismiss this and be just like th this is
crazy. I don't think she's lying. Which
means that the president of the United
States at the behest of the leader of
France, Hey, Trump. Uh, please tell her
to stop talking about Zpenis. Uh, I need
to help my wife.
What are we doing? What's happening
right now? This doesn't even seem real.
Um, this really doesn't seem real. Like,
this one is crazy for a second because
uh you guys won't see it in the final
edit, but we had originally pulled up a
different clip where she was just saying
that someone from the White House called
and I for a second was like, wait, I did
see a clip where she said it was Trump.
I was like, is this the Mandela effect?
Like, is my brain inserting? No, no, she
really did. Yeah, I don't uh I don't
know what to make of this. This feels uh
super strange. We are living in a very
weird moment in terms of the fact that
people can transition. Uh there is a
fascinating algorithm buried in the
human brain that makes us just
uncomfortably obsessed with other
people's sex lives. And it really is
interesting. That is the bad news. It's
super engaging. And if if there was a
breaking conference news conference
where he was going to say that his wife
was really all that Camis cla I would
watch. So there there is for sure
something that's just embedded. But that
Trump would reach out. That is crazy.
That's also just another thing on this.
The power of independent media. The fact
that she's got a big enough audience
with what she's talking about that it's
on his radar.
That's crazy. And then just to make it
extra spicy,
the fact that she would pressure her
husband, the president of France, to
tell the president of the United States,
to sweat a podcaster about talking about
this is hilariously human. And that's
where it comes down to cuz from his
perspective, the president of France, I
can kind of see that conversation
happening in like the car and he's like
he doesn't want to do it. He doesn't. He
probably disagrees 100%, but you know,
wife, happy wife, happy life. Hey,
between me and you, can you just, you
know what I mean? So, oh, it's more I'm
sure she's in tears. She's traumatized.
He feels like an [ __ ] He's like,
[ __ ] I'm the president and I can't even
get like one podcaster to like knock
this [ __ ] off. Like, what if I just held
up the Ukraine negotiate just just a
little, Drew, so that I could get my
wife what she wants and put a smile on
her face. This is how power messes with
people for sure. like it.
Since in a cave, bullets are flying by
his head and Mcronone is like, "Hold on
one second. We got to get We have
Candace on the line. We're so close to
getting this done." Oh my god, this is
crazy. Again, alleged alleged. This is
all like second and third hand and all
that, but goodness gracious. It's a
little too fitting with what I know
about humans, really. It's a little too
fitting with what I know about humans.
This is crazy town, man. Well, on one
side we have political willing and
dealing. On the other side, we just have
regular willing and dealing because Meta
got their super team. Zuckerberg was out
here like a sports GM just signing
people from other teams. He has a dream
team that he's calling the super
intelligence team at Meta. Now, um
Alexander Wang, the former CEO of Scale
AI, which was I'm assuming absorbed into
Meta because it said that Meta invested
in it, but we haven't gotten all the
details of that deal yet. But we have a
list of engineers, most of them coming
from Open AI, Deep Seek, Anthropic, uh,
Gemini, Meta pretty much just pluck
talent from all these other industries.
Um, does this put pressure on Meta to
really deliver something? Cuz if you're
passing out $100 million signing
bonuses, you can't come out with another
LLM. It seems like you have to do
something leaps and bounds ahead of the
competition, right? No doubt. Yeah.
People will be sweating them to get
results from this. But uh I think
everybody that's in the investing
community, if they're engaged in
entrepreneurship at all, understand that
this is really a move that he had to
make. Uh he you if you're Zuckerberg,
you do not want to lose the AI race as
that could be so important to so many
things you're doing. He's making it open
source to try to get people to invest in
his ecosystem. And if he loses that
because his AI just is not up to snuff,
that's not going to be a good look.
Especially given that right now the um
things that he's doing over on the meta
side that they named the whole company
after Yeah. Metaverse didn't necessarily
yet, man. Listen, I still believe that
that is a thousand% the future. Like
when even just the thing that we're
building here, I can see where this is
all going.
Dude, I'm telling you. Were you in the
conversation where we were talking about
the old folks and like yeah you were and
imagine that instead of being a
vegetable 98 in your old folks homes
like you can't you're in pain so you
can't get up and go anywhere. Instead
you're effectively jacked into the
matrix Ready Player One style. So you
can take the headset off whenever you
want and it'll be super lightweight.
It's not going to be like what you see
today. And you can be exploring Mars,
traveling the solar system, traveling
the US, going anywhere in the world you
want, going to artificial lands that
people have made. And already right now
in 2025, you can do incredible things
inside of a game in terms of
exploration, dopamine loops, um, feeling
like you're engaged in a story. It's
unbelievable today. It it is only going
to get better for sure. So on a long
enough timeline, I think he's going to
have a victory. But man, when you're
running a public company, you don't get
to think in those kind of epochs
publicly. You might be able to do it
like privately when you're talking to
the team and what you're aiming at. But
boy, if you're not putting some wins up
on the board, you're going to be in real
trouble. So, I think that this could be
I'm not going to go so far as to say
existential, but companies come and go,
man. And it is back in n the 1960s, if
you made it onto the S&P 500, you were
likely to stay there for, I think, 63
years. It's now 16 and dropping. So, um,
just because you're a big company does
not mean you're going to stay that way.
So, AI is the race right now. Yeah. It
reminds me like the Dodgers. They signed
Otani to a billion dollar deal and
everybody's like, "Oh, man. How's he
doing that?" But he sold $600 million in
jerseys the first year. Ticket sales
increase sold out. They won the super uh
the World Series. Oh, Zuckerberg got
clowned on for buying Instagram for
whatever a billion2 billion dollars.
Who's laughing now? Good lord. The
number of billions that they make on
that annually is crazy. So, but with
this team that he assembled, assuming
everybody got $und00 million plus
compensation packages, this is a $2
billion team roughly. What do you think
the scales of return? Do they like is
the AI ecosystem that big that they see
this becoming hundred billion trillion
dollars in returns over for sure. Wow. I
mean, you want to talk annually it's
billions and billions and billions. So
investing 2 billion meh it's nothing
especially given the amount of capital
that Meta kicks off Mhm. Yeah. This is
not some this is not an egregious
investment the way it would be for a
smaller company. Got this is serious and
he's certainly got his eyes wide open.
But if you think a couple bill like no
for them and that's that's not like some
huge earthshattering thing for them. It
just seems so insane because we're all
looking at like $100 million
signing bonus. That's crazy. But it just
lets you know that uh dear young people
out there,
learn about the future of technology.
Learn about the future of technology.
There is nothing that says that that
will be a bad investment. So, uh yet
again, we see the truth of the following
statement. If you can make someone else
money, you will always have money
yourself. So, you've just got to find a
way to make yourself valuable in a
valuable uh value chain. To use value
way too many times in a single uh idea
there, but uh yeah, get to it. Study the
things that matter. One thing that
stands out for that, a lot of this team
is foreign uh born citizens, people
who've come kind of metriculated, but
they did a lot of their studies
overseas. Is there Wait, are they
foreign or they did their studying
overseas? They did their studying
overseas, but they're nationalized
citizens from these other countries. um
from India, China, and I want to say
Taiwan is the third one. I can fact
check that, bro. Uh bro, bro, bro, like,
in fact, I'm going to say this directly
to you as a PSA is to somebody that's
about to have a 14-year-old daughter.
Oh, man. Drew, please, for the love of
God, discipline, study. She's got to be
hardcore. Do not let her get sucked into
all of this like grind culture is toxic.
Dude, you are in a world where you've
got China 1 point whatever billion,
India 1 point whatever billion. Like the
world is full of people whose parents
are standing over them saying if you
want to make it in this world, if you
want to eat, you are going to have to be
able to kill something. And America has
just been way too comfortable for way
too long. And we have truly lost sight
of how intense some people out there
are. The world is full of a bunch of
Kobe Bryants and they are going to play
in your game. Whatever your game is,
there's going to be a lot of Chang and
Patels coming for your neck, man. And if
you're not ready for that, you're going
to be in real trouble. And here, shout
out to all my Changens and Patels. Like,
I I am here for it. I want more people
getting their kids hyped up, more people
getting their kids focused on it is fun
to compete. It is fun to play to win. It
is fun to see how far you can push your
own talents. And listen, as a person who
is not the greatest at anything, it's
still rad to strive for it. To see like
how good can I get at something, even if
it is only relative to myself, to see
that I can push my skills 10x, 50x, 100x
is awesome. But if we tell everybody
that, uh, working is for chumps. It's
just somebody else trying to take
advantage of you. Yeah. Yeah. Getting a
$100 million signing bonus, I'm really
going to cry for them that Zuckerberg is
going to expect them to work on a
Sunday. Boohoo. Like, get to work. Do
something that matters. Do something
awesome. And we are losing that energy
as a country, man. It is sad. We'll get
back to the show in just a second. But
first, let's talk about why most people
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now, let's get back to the show. Well,
in a recent uh reversal, UPEN has
backtracked on its uh open equality for
sports. They are now defaulting to title
9 resolution. So what does that mean?
UPUPEN will restore female athletes at
all individual UPEN division one
swimming records titles or similar
recognitions which were misappropriated
by male athletes. They are now adopting
the biology based definitions for the
words male and female pursuant to title
9 and to Trump's executive orders both
the defending women from gender ideology
extremism and keeping men out of women's
sports. They're also going to be sending
personalized letters of apology to each
impacted female swimmer. Um Leah Thomas
was one of the famous swimmers that went
to UPUP that won a bunch of awards. She
competed against Riley Gaines, but they
both tied for fifth, so it wasn't like
she beat out Riley Gains or anything
like this. But this seems like the first
domino to drop in a federal college
saying, "Okay, we'll bow the knee to
Trump's EOS." Um do you think this is
going to become a multiplication factor
where other universities are going to
get on board? Yes, but this is going to
break along party lines. And so just
like we see um cities New York, LA
saying, "No, we're going to fight all
the ICE stuff," you're going to see very
similar things. So people that are um
getting donations from people that are
conservative, they are going to say,
"We're going to adhere to this." People
that are getting donations from people
that are liberal are going to do the
exact opposite. And people are going to
follow the money. And so again, for
better or worse, money is real and money
is super powerful and money can very
much get a dean of a university to bend
a knee for sure. Uh because these guys
are constantly raising money from the
alumni and uh if your alumni is like,
"Listen, bro, I'm not giving you any
more money unless you get on board with
this," they will get on board. Do you
think that there's something to the
freedom? I know we talk about religious
freedoms. We want to separate religion
and state. you know, politics should
stay out of the classroom, certain
things like that. Is this something that
should be kind of separated from
schools mandates? Because I understand
title nine and holding up that standard,
but this seems like almost like a
political statement that they want to
say, well, both with the apologies
restoring the records. Is there a line
somewhere there? Should every company
kind of follow the guidelines of title
N? Yep. Apologies, restoring the
records, and kind of just biology.
That's it. That's my that's my out.
Calling something a cultural war is
really the right language. We are in a
battle for the values of this country.
And for so long it was just the water.
There wasn't like as much division as
there is now. And so all of a sudden
people realize, oh wait a second, we
actually have to choose our values. Um,
I think that seeing um massive
immigration, especially from um Muslim
countries, is really going to bring that
to the four because like when you had a
ton of uh Mexicans flooding in, they're
all Catholic. So, it's like there was no
collision of values. So, I think pretty
easy to assimilate on that front. But
when you've got somebody that is coming
from a totally different religion,
you're going to be colliding from a
values perspective. And so whether it's
trans rights and we're colliding over
the values there or it's religion and
we're colliding over the values there.
When you have a discrepancy of values,
you have to find a way to navigate that.
You've got to decide what you do and
don't allow. It's one thing to remove
God from the classroom when basically
everybody sort of has a Christian vibe.
But once that isn't true anymore, now
you're really going to see people fight
for it because it wasn't that big of a
difference, I don't think, from uh
religion in classrooms, religion out of
classrooms. So, but now it's really
people want to see their values
reflected and there's way more
divergence. So, it'll be interesting to
see what happens. So, in terms of the
actual policies, like what do I think? I
think that keeping a separation between
biological men and women just makes all
the sense in the world. And if people
wanted like a trans league, if if it
really gains enough steam that there are
that many athletes, by all means, like
have a separate division. But the reason
that you create that division is that
reality will slap you in the face in
terms of there being a biological
difference. And listen, I I have my
whole tirade because I find this so
fascinating that women are the sexual
gatekeepers. And so men having uh much
stronger upper body strength, uh men
having better spatial relations, things
like that are all the result of men
asking women on evolutionary time
scales, "What do you want?" And here it
is. So, uh yeah, they have I mean, this
is a weird way to say it, but it's
pretty accurate. Women have selectively
bred with men that can out compete them
in not all sports, but basically all
sports. And so why then are we It's just
for competition. It's just for fun. And
so just like in a video game, you have
skill-based matchmaking. You want to do
the same when you're doing a sport. It
wouldn't be fun. Like imagine that you
are an ungodly talented female athlete,
but like uh Serena Williams. Serena
Williams out of her own mouth was like
I'd be ranked 115th or something in the
men's division.
Yikes. That wouldn't be fun. You can be
the greatest of all time to ever hold a
racket in the women's division and get
the proper accolades for that or go be
somebody that nobody will ever remember
in the other division. That seems pretty
lame. All because of something that you
don't control. Like that's just your
biology. So yeah, it seems pretty simple
to me. If you were born a biological
male, you're going to play in the
biological male side. If you're born a
biological female, you play with
biological females. No beef. Literally
no beef whatsoever. If somebody is
trans, cool. I don't I don't even
understand what people get mad about.
But them blending sports now, you just
create that problem I was just
explaining with Serena Williams.
Copy that. Um, and another clash of uh
cultures. This is very interesting. So,
Bob Villain was caught on stage leading
a chant for free Palestine and death to
the IDF. Yeah, he lost his tour dates,
lost his visa to the US. Um, his label
dropped him and apparently Instagram
blocked him. Um,
I feel like I get it. You can't talk
about Israel. Death to the IDF. That
that's bad. Um, but him losing his
American visa and Instagram say no. You
I just feel like we Is that the
appropriate reaction to this? Well, it's
interesting. So, I think you and I see
this slightly differently. So, I love
that he lost his US visa. Okay. I don't
like that Instagram hit pause. Like, bro
should be Okay, listen. This is probably
inciting violence. So, on that uh Okay,
I get people are going to say the IDF is
an amorphous blob. It's not a person and
there's an argument to be made there and
a judge should adjudicate that. Um
my thing is that we are about to be in a
values war and I think every country
needs to say ah here are the values that
we welcome into our country and here are
the values that we reject. Um so listen
I think that people should have a pretty
broad like grace for something. I don't
want people scrolling my timeline and
being like, "Nope, can't come here." And
I don't want to have to check with every
country while they go scan my And I'm
sure I've said stuff that would piss off
some country somewhere. Uh, but in
fairness, I respect the right for
countries to put up the um walls that
they think are right. And every I mean,
this is like the great irony when you
talk to Muslim countries is they're
like, "Bitch, please, you are not going
to come here and play. Not with our
religion." Uh, we're very different. And
so I respect that they like draw a hard
and fast line. And when I was in Saudi
Arabia, when I was in Kuwait, I wasn't
like, I'm gonna be as American as I
[ __ ] want. I was like, what's
respectful here? I'm going to be
respectful. And if they're not, the
places that I went were not at all weird
about Western dress. But had they been,
I wouldn't have had a beef. I would have
worn like, okay, cool. If this is
respectful, then I'm in your country.
Uh, so I don't have beef with that. So
anyway, I think that for citizens, free
speech all day long. But when I'm
thinking about up to not inciting
violence obviously uh but when I'm
thinking about who I let in my country
when somebody does something that I
think if a judge said yeah that really
is inciting violence I wouldn't at all
be surprised. Is that going to be
somebody that I'm like hey come on in.
No probably not if they let him in. I'm
certainly not going to be marching in
the streets. Like to me there's enough
gray area with an amorphous blob there.
But like dude listen we are in a period
of political violence. People are
actually being killed for their
political views. uh LA was on fire
because of um the immigration protest
and stuff. Like this is not a chill
moment. So from my standpoint, that's
more about a country stating its values.
Um but I mean I can understand if he was
going to tour in Israel, but he was
coming to tour in America. Yeah. And
isn't that a slippery slope with like
the whole free speech thing? Very much
so. You 100% have to be careful with
this kind of thing. That's what I'm
saying. This one is like he's saying
death to the IDF, but at the same time,
Drew, the number of times that I have
wrapped the song F the police that it's
like, did it really incite me to want to
like get in a fight? No, it did not. So,
this is again, this is not one that I'm
going to get hysterical about. And then
here's my really secret take.
He's a musician. Like, he's supposed to
like rile people up and he's supposed to
say the things. It's a bit like the
comedians that they're supposed to walk
that line. Like musicians are always in
fra at least as long as I've been alive.
They've always been popping off of the
mouth politically. You've got um oh god,
who was it that ripped the pope? H
Shenado Connor ripped the photo of the
pope on Saturday Night Live and it
caused a you know an uproar. And the
thing is like you both
want them to do edgy stuff and you need
there to be a backlash. Like the only
reason this works is because there's a
backlash. So it's like I don't know man.
The the reality is I'm on my American
needs to decide what it stands for kick.
So I am a bit like hey [ __ ] this kid.
Too bad. Sorry. Uh if this was two years
ago, cool, but not right now. We don't
need this right now. This is not the
moment. Uh and at the same time as
artists that's we want them to push the
envelope. We want them to take risks.
But it's like again, we're talking about
him because he went too far. And so
that's the that's sort of what you pay
them for. Yeah. Is to go too far to get
the backlash to see if they can recover.
Some can, some can't. Dixie Chicks could
not. Whoops. Um, but again, I don't
think Instagram should be shutting this
guy down. I don't think he should be
debanked. Like, all of those things to
me are outrageous.
So yeah, it's a it it is very much a
slippery slope, but values values. Drew,
we're going to have to decide what we
stand for. Also, how much I've heard you
dropped the fbomb. It's funny that you
said f the police. That's all I got.
Drew,
do you know why I said f the police? Why
is that? Because like seven words later.
So I'm on my full censorship to make
sure that we stay in the straight and
narrow. Drew, we stay. Woo, buddy. Woo.
No problem. I love the police. I love
the IDF. I love Israel. I love
everything. Drew doesn't want us to uh
lose electricity suddenly or find
ourselves in trouble. Fair, Drew. Very
wise. It's all like that. All right,
everybody. If you haven't already, be
sure to subscribe. And if you're not
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you do Wednesday and Friday at 6 a.m.
Pacific time. Until then, my friends, be
legendary. Take care. Peace. If you like
this conversation, check out this
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