#33 Wall Street
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What's up, everybody? Hello, folks. Hello, folks. I hear folks, we've talked about that. I do hear it. I hear it every day. Well, President Biden says it all the time. Yeah. So it's going to be around. It's going to be around. I think we started it. He probably listens. He's like, I'd just like to get a break from... Welcome, everybody. Glad you guys are here.

As always, I'm here with Aaron Weber, Brian Bates, and we are, as usual, start with the comments. We're recording this episode early, so the comments about last week's episode on New York will be read on a later date. We're a little here and there, because we got with the states, as you have seen, we're kind of doing it with comics coming in town.

And so it makes it kind of fun. Good way to have a lot of my buddies on and talk about their state and just be funny or whatever. And we did a long one with Giannis last week. So see, we're getting ready. It was a real long one. But so, yeah, so we so we plug that in and then we got some other ones, some moving around. We will get back to normal.

I think after this, I'm going to try to get back to normal. We're going to see. So just so y'all are up to date on what's going on. Derek Visser, the co-host, definitely earned their seat at the table today. I literally had coffee coming out of my nose when Nate said, all right, this has nothing to do with anything but chives.

And somehow Biff and Aaron Charbrill managed to steer it to the topic of the day. Nicely done. After the chive thing, because then y'all got it back on. Well, I don't even think we got started yet. But I don't know. I think I said, you know, you talked about how you sprinkle chives on everything in your job. And I said, oh, well, we're talking about odd jobs today. Yeah. So maybe that's what he meant. Oh, yeah, yeah, yeah.

Yes, they got it back. Sorry, just trying to bring some comedy to this podcast for once. At least something's being brought to the table.

Tim Wiegand. Wiegand? Wiegand? W-I-E-G-A-N-D. I've never met someone who expresses exactly how I feel about onions and chives and tomatoes, for that matter, until now. Great work, Nate. I like the work you're doing as a food critic. Maybe an entire episode on foods that everyone hates. It's not a bad episode. That is a really good idea. It is a good idea. We might do it this episode. Sounds like you have a customer for your restaurant one day. No tomatoes, no onions? Mm-hmm. Yeah. I think about it. I'm going to go try it.

You know, I'm going to try it on stage, see if it works. I want to be curious. I haven't seen a bunch of stuff here that I think I've done on stage yet, and I want to – that one's like fun and silly. And see if it works in the live format. Get a real taste then. Jason Hughes, your Chives take is exactly how I feel about lemon and iced tea. Why do they assume I want a lemon in there?

I don't want super weak lemonade. Assume we all don't want it and save some money. Give it to the people that ask for it. You guys are the best. I agree. You know, a big lemon, lime kind of thing, it's more up north, Diet Cokes. You have to go. It doesn't really happen here. But when I moved in, when I was in New York and Chicago, they just bring lemon or lime with a Diet Coke. And you have to say it, no fruit.

which is like, I feel like they're making you say something. And then sometimes I'll take the lemon out. I set it down next to it as an obvious statement to go, I don't want this. And then when I get another Diet Coke, they bring the lemon back in. I'm going, what are you? And then I put the second lemon next to it. And then I'll do one more to see if they just, you know, it's kind of becomes a game.

I used to like the Diet Coke in the cans that came with lime and lemon. Remember those? Yeah. With a little lemon twist. A little lemon twist. Those are good. Well, that's what a lot of people like, and that's why they do it. But it... It shouldn't be the default. Yeah, I agree. I agree. I agree. Just bring a plate of lemons, and if someone wants it...

But I get more, I get tea having like lemon with it. I think, but Diet Coke to me is there's no way enough people, unless they're doing it up north. That's a north thing. Travis Antrist. When Nate Bushwacker Bill and Aaron started the episode of Odd Jobs, I thought there would be more interesting, funny odd jobs. The jobs brought up were just basic jobs. The oddest jobs they ever got paid for was trapping skunks for an elderly neighbor.

The neighbor lady wanted me to just drown them, but I couldn't do that. Instead, I wouldn't drive them five miles in the forest. Instead, I would drive them five miles in the forest and let them go. And yes, I was sprayed a time or two. Well, yeah, Travis, we didn't live. I don't know where you grew up in just the wilderness. That's very funny. I mean, that's that lady just saying, just drown them. Yeah.

I don't know. Just drown them. I mean, you know, it's like she's trying to build a serial killer. I would imagine that's your first step. Yeah. Just try to drown somebody. Oh, try to make the kid. Yeah. Like animals. They interviewed Jeffrey Dahmer. I might have talked about this. Jeffrey Dahmer's dad on like 60 Minutes or something one time.

And they asked him, they were like, do you do things as a kid? He was like, you know, he killed some animals and stuff like that. But he's like, nothing that. And it was always like, oh, yeah. Just kid stuff. I mean, just like kids being kids, you know, hanging squirrels, stuff like that. I mean, you know, no, no. Besides that, I didn't see anything. There's a ton of signs. But that's always like you never in the moment. There's definitely probably been way more people that have killed animals for no reason. Yeah. Not become serial killers and then have.

But it is, you know, he's doing it alone. You're like, no friends there. It wasn't a group of kids. You know, it's like you at least want some friends. Right. The fact that he's doing it alone and likes to do it alone is kind of the problem. Yeah. Justin D. Flitch, being the new guy on the job, I was given the simple task of delivering a moving truck to a building that was just down a few streets.

While trying to find parking underneath the building, I rammed through the hanging sign that said 8 foot max. 8 feet max. Getting the truck stuck underneath the building, knocking out the sprinkler system and blocking people from getting to their cars. It took 7 hours to repair the sprinkler lines and get the truck removed. Thanks for reading. This podcast is the best thing that's ever happened to me. I like that. I mean, Justin, he's still... There's a...

Oh, that's the picture of it. That's Justin's work right there. Wow. I mean, just drive it, you have no idea. And as it hits, you just think, oh. And then you probably snug it in there more if you try to back it up. You try to do something, and it just kind of gets it in. I think you just got to try to go through at that point, right? Let me just finish it out. I don't know if it's going to let you. Like he's hitting the thing in the sprinkler system. That's a mess, dude. That's a whole thing.

I worked with a guy at the TV station, sports guy, and he was anxious to get back to the station to get his... He was live out at a baseball game, Greer Stadium, the old sounds of a baseball game, whatever. He was anxious to get back to the station to get the stuff on the air. For some reason, he didn't have a car. He was waiting on his guy or something. So he decided, I'm going to jump in the van

The one that has the... Oh, yeah. That goes all the way up. The satellite that goes all the way up. Yeah, it's not a satellite, but it's like that. Yeah. And it wasn't all the way down like it's supposed to be. And he went underneath a bridge and just took the thing out. That's got to cost so much money. Oh, man. Yeah. Thousands and thousands and thousands of dollars. Yeah. Well, those kinds of things must just happen all the time in jobs like that. Not that specific thing, but like...

Truck drivers get in wrecks all the time, right? Yeah. And he had to be licensed. He wasn't licensed. He shouldn't even be driving this. Oh yeah. You have to have a special license to do it. Yeah.

But it does happen a lot. Yeah. Does he get in big trouble? He didn't get fired. He got reprimanded. He got fired later. Oh, he got fired later for other stuff. Yeah. My job in college, I worked at the OIT, the department that handled all the computer clusters around campus. And basically you get called if there was a printer jam in a dorm. But that meant you got to have a golf cart on campus, which was like the coolest thing to just have access to a golf cart.

And this poor girl that I work with, it was like her first day drive. She just crashed this thing.

into a building on campus right between classes where hundreds of people are walking yeah it was just so humiliating and we didn't get to drive the golf carts for a while yeah we gotta look into this she just went into the building everybody saw oh dude it was like a glass yeah side of it crashed people came out yeah and then all the classes got let out as she's standing yeah uh

Yeah. Just please don't let out. And everybody. Yeah. The bell rang, you know, there's a bell in college. No. Okay. At Ball State. Yeah. Ball State. We had a bell. They taught us how to ring the bell because they said you guys will might be in charge of bells. They just figured if you go to community college, you're going to be around bells more than the more than the average person that doesn't go to community college.

I watched a video this weekend of a guy with a golf cart and he, this old man trying to fix it in a garage and it backed up into this door. He had like a French doors and it just goes through it and he gets it forward and you see him just sitting his hat off. Just like, I was like the, he's just by himself and it's like, he's looking at that door. Like I gotta go get this door fixed. It's like a whole thing. And then he like touches something else in the car, just shoots off forward and just drive through the rest of the garage.

Very funny. Like just situation. You're just alone. Yeah. The idea of being alone when all this stuff happens. Was it the footage from like a security camera? Yeah. Yeah. Yeah. Uh, and all right. Uh, and Sinsheimer, Sinsheimer. I love when you talk about golf. I would listen to an entire podcast about golf. I was surprised that you mentioned, you didn't mention golfer and super nice guy, Brad Faxon, hells from Rhode Island.

Keep up the good work. I would love to. I'm going to start a golf podcast one day. That's my future mother-in-law, I believe. Oh, is that? Oh, yeah. Oh, is it? Yeah. Yeah. I don't know if there's another Ann Sinsheimer, but I think that's her. Sinsheimer. Oh. Look at that. I like it. You got a good one. She likes golf. Brad Faxon.

Hells from Rhode Island. I can't imagine, honestly, if I mentioned that anybody would ever. Me and A.N. are going to talk about Brad Faxon. Brad Faxon is a great guy. He's one of the best putters of all time. Oh, is he really? Yeah. And they always like Tiger talked to him about putter. Everybody talked to him about putting. But I've watched a bunch of videos on putting. Anyway, me and A.N. watch it.

Peggy in Dallas. I'm a faithful listener. I have taken time to comment and compliment since episode one, but I have to say Nate has to stop turning every idea into a golf story. Please give Nate this bit of advice enough about golf. Besides that, another great show. Peggy, have you heard of Brad Faxon? I mean, one guy said golf is the chives of this podcast. That's pretty good. Yeah.

I'll start my own golf podcast. A lot of people like that idea. Yeah. Yeah, I'll do that. And then I'll never talk about golf with you losers ever again. Ann can join. Me, Ann, can bring Peggy in every now and again just to balance us out.

We have Peggy in as a guest. And then she's like, what's this? I'm on Nate Land. I'm like, you're on Golf Land. That's what it's going to be called. Yeah, it's called Golf Land. It's all just land. And someone's like, is his last name Land? You're like, no, actually not. I tried to get nateland.com.

Because I was trying to do it for my website. So my website, obviously, natebargatzee.com. But I also have iamnate.com just because if you do interviews, it was just easier. And I've always tried to get nateland.com. But some guy, or maybe Twitter or something, some guy's name was Nathan Land. Oh, really? And then he got it. Are you buying it now?

I'm going to look. I'm going to see what we're working on. See if it's up there. Betski16, about the babies left outside in Finland. I currently live in Finland, and this still happens. The grocery store and some restaurants and older buildings are too small to have strollers driving through them. I was shocked when I saw two moms that left their strollers outside of a window and just sat at a table next to the window and had lunch. They live their lives, and the babies stay sleeping.

That's great. I mean, if it works, it works. I'm for it. If that's what they're doing, that's what they're doing. You go one baby missing, that's a wrap. So you better hope that all. But it is crazy. I mean, I guess we don't do it as if we're just having seen babies get taken left and right. That's the way we talk about it. We're like, yeah, you can't even. You're lucky if you make it out of Walmart with your babies. Ryan Schick. Schick. Question for Bonanza.

He mentioned meeting his wife through online dating, but I remember a bit he did talking about how they used to date but broke up because they both could do better. Is there some inconsistency here? Inconsistency here? Or did they reconnect online like the couple in Pina Colada's song from the 80s? We both knew that song because we grew up in the 80s. Yeah. Yeah, so we did date for a short time like 11 years ago, and then we reconnected on Match. So...

There's no inconsistency. But you didn't meet the first time on online dating? No. We knew each other, but then we hadn't seen each other or talked to each other in over a decade. What's the first line after you reconnect? You want to give this another shot? I wonder what the first line is. She emailed me. Oh, really? Yeah. Nice. Both striking out? No, I don't know.

Trying to think of a funny line. What's a funny line to come back to? Yeah. Good to see you again. Yeah. Yeah. Well, I mean, my joke says we both, we went our separate ways because we both thought we could do better. Yeah. That's a great line. Yeah. But your first line back is, Hey, we're both in our forties now. Yeah. You want to revisit this? You gave it a go. You gave it a go. I gave it a go. Yeah. You want to do it again?

Nate, you can get nateland.org for $9.99. I mean, why not? Yes. That's dumb. Get it. No. Who wants a, no one wants a .org. What about .biz? Yeah, but no one wants any of that stuff. If he cancels his $10 a month, you could just, just, you bet by there. You want a .com. Do people, are people becoming like more aware of the .orgs and .bizs? I think there are some popular .orgs. Yeah. PBS.org. Oh yeah. Everybody's popping on that.

I bought Kanye West for America when Kanye West had redirected it to my website. Yeah. Nobody typed that in. I thought people would be typing that in. Yeah, and discover Aaron Weber. Any more bonanza questions?

Jacob Bragini. I signed up for a gym membership one time because they had a special monthly price of $10 a month. I felt like it was too good to pass up. I never canceled it. Eventually, the card to the account expired. I thought that would end it. Seven years later, I'm trying to get an apartment. My credit checks are getting rejected. Never carried any kind of debt. Turns out the gym reported me to the credit authorities for delinquency.

I had to pay like 500 bucks to some shady company to get my name cleared. Get out of it while you can. It's totally how they make money. Get out of it, Aaron. We're supposed to do it on the podcast. We need to do it. I'll do it whenever, man. Yeah. I had forgot about it until right now. Yeah.

So I'll do it whenever. You can call. No, you have to go there. Well, somebody wrote in a listener said that you can call and just say, Hey, I'm scared of COVID. Yeah. And they can't be like, come on. We have to do connecting. You can just put them on speakerphone. Would it pick it up on speakerphone? Yeah. You want to try it? Should we do it? Yeah. I'll call it. Let's see what happens. I got to look it up. So maybe go to the next comment. We'll come back to it.

Susan Taylor. Hey guys, love, love, love the podcast. Keep up the good work. I want to cancel my Netflix subscription, but I don't want to do it until after Nate's special airs. Do you have a date also for Aaron's wedding? I think you should have Nate do a reading. That's a great idea. Yeah. First core in? Yeah. I think you'd be lucky if I show up, but let's just work with that. I think Nate should show up. I actually do have a...

Conflict? Yeah. I have a date for my special, but I can't say it yet. But I will... Wait, when will this come out? No, next week. 10th, I think. I'll be able to tell you not... If you're listening to this episode, you will know the next episode. And it won't be too far off from there. Look at March. You're still on that out there. Maybe think about March. Don't cancel...

April, you can do whatever you want. Let's just say that. Susan, April, whatever you want. Throw your TV in the yard at April, but please wait until then.

Michael McIntosh. Hello, folks. She said yes. Oh, this is, yeah. My now fiancee, Siobhan, went crazy when she heard Nate proposed on my behalf during the Inventions episode. I was just happy you got her name right. The biggest thank you to all of you. Nate Brokeback Munchkin, Aaron Webfoot, and the whole team. You guys really are the truth. You've made my family's year in these uncertain times.

P.S. She's already started complaining. I haven't got a ring yet. I said, well, I didn't actually think they was going to read it out. Read it out. I love you guys. Michael, get a ring. I mean, I was in Siobhan. Get out of this while you can. He doesn't have a ring. We start telling Siobhan. Siobhan, listen. No, he's going to get a ring. He's got a ring. Yeah. Get a ring. Congratulations. I think you can. Congrats, guys. That's awesome. Yeah. You got to get a ring. Yeah. You know, you have the number. Yeah, I got it when you're ready. Yeah.

We're ready. So this is... What's my plan of attack here? I just go straight in? You have COVID. You have gout. You can't go... Huh? You're high risk. I mean, that's all true. I don't know. You stop me when I keep spitting truth at you. All right? Listen, I got COVID. I have gout. I can't come in. You got your hat today? Yeah. You're a mess. Why don't you just first see if you can cancel without any questions?

Oh, that's a good call. Yeah. And then only give them a reason if that. All right. I'm calling them. And they go, well, COVID. And then they. Planet Fitness, they probably won't even answer. And then if they say, all right, there it is. It's ringing. I wonder if they have a. Hey, I'm calling Planet Fitness. This is Allison. How can I help you today? Hey, Allison. My name is Aaron. I am a member of this particular Planet Fitness. I was hoping to cancel my membership over the phone.

Okay, so unfortunately I don't think we'll be able to do it over the phone, but we do have other options available for you if I can go through those with you. Okay, that'd be great. So we do have our facilities open, so you are able to come in person anytime. We're 24-7, and you can cancel in person at one of our terminals with a team member. If you're unable to do that with work or schedules or just not comfortable coming into the facility, you can always send us a letter in the mail.

We would just need to see you or that letter in Cod by the 10th of any month to avoid any further monthly billing.

If you happen to have moved out of state and you're no longer near our particular location, you may be eligible to transfer your account to a location that is closer to you. And then you would have the option to also go in person or send that location a letter. Tell me you have a account. Okay. So the only way I can cancel, I can't do it over the phone. I got to either send a letter or come in, send a picture of your account. Correct.

If I was a letter, if it's like if it's just covid concerns will keep me from coming in, then the only way is the letter, huh?

That is correct. Yes, sir. Okay. Are you getting a lot of people calling to try to do this or am I the first one? No, we definitely have a lot of people. Unfortunately, whenever we first reopened back in June of 2020, for the first maybe 60 days, we were accepting things over the phone, but things were getting very murky as far as people making sure that things were going through the proper way and it was just becoming impossible.

Got a bit of a talker on there, huh? I mean, yikes. Okay, thanks Allison. I'll send a letter. I appreciate it. Thank you. Dear Planet Fitness. Hello. My name is Aaron Weber. Like the grill.

I signed up with you for a long time and I imagined our relationship would be much different than it turned out. Recently, I've gotten gout and I have trouble walking. My foot hurts from going to get the pen to write this letter. Write them a handwritten letter. A handwritten one? Yeah. Yeah, I'll do that. Handwritten is pretty, I mean, for them to see the handwritten letter,

They'll go think something's wrong with you. Yeah. Oh yeah. Yeah. They might give you more money back. Cause they're like this guy, this guy doesn't have a computer.

There's a good chance they would give you more money back. She said things were getting pretty muddy. She said muddy or murky? Murky. Murky, yeah. And muddy. Did she say murky the whole time? She said murky a few times. Yeah. She clearly had like, there's a paper by the phone, like when somebody calls to cancel, just read this off to them. Well, she did it. She did enough where she's had a ton of cancellations.

But you could have called in and canceled if you'd have done it sooner. If I'd have done it, yeah. Out the gate. I can't go because of COVID. But then a letter makes sense because then it's like, all right, that's fine. Just write us a letter. Dear Planet Fitness. I mean, what letter do you write? Yeah, that's what I'm clear. What are you supposed to put? How do you know they get it? Yeah. Dear Planet Fitness. You got to write it quick or you go just pay February.

Uh, I'll try to, I'll put it on my calendar. I'll write an actual letter. If I don't put it on my calendar, then I'll show up next week and you'll be like, how'd that letter go? Yeah. I haven't thought about it. Cause you're usually so busy. Uh,

That's why your calendar has got to be... It's not an issue of being busy. It's just I'm forgetful. What's going on with your calendar? I'm just forgetful, man. What's a typical calendar? What's your calendar look like this week? Right there. I mean, I got it pulled up. Let's see what you got. I got it. Record podcast. Aaron Weber at 3 p.m. Oh, man. I'm jumping around. Skin appointment. Skin appointment, dude. Going to the dermatologist. 2 p.m. Capital View. What is... No, that's just a meeting. All right. I'm going to X out of this. Oh. You have a meeting? Capital View. Yeah, I got meetings, too.

Is that about y'all's other podcast that you started? Who's Capital V? That's Caleb's building in downtown. 2 p.m. You're just going, so all we know is you're going to a building meeting. You're meeting with a high-rise building at 2 p.m. A man with a cape. That's right.

Do you even know what you're going to talk about with this building? No, I don't actually. Yeah. We'll talk about it later. Oh, it's like private. No, it's not. Wow. I mean, put, then yeah, get that letter written on your counter. Write a letter to Planet Fitness. What day would you do it? I'd do it later today, probably when we're done. Oh, you put some time in. Tonight. So your counter reminder will say 8 p.m. And it'll go, write letter to Planet Fitness. And then you will go and lick your pen and...

My dearest Planet Fitness, I hope things worked out better than they did.

Dip a little more. Oh, yeah. But I never saw you. The only day I've seen you is the day I walked in to sign up, and I did not work out that day. Did you work out that one day? I signed up online. Dude, sign it up. They're like, yeah, you can send us a text message. I mean, we'll do SOS. We'll do whatever you want. You give us any form of credit card. You can pound tables. I mean, yeah, we'll let you sign up easy.

To get out, write a letter. That's how they got you. That's how they got you. It worked. It worked. I'm actually not against this system. It's so cheap. And they're like, if you can quit, you can quit. You just got to go do the thing that you don't want to do. We're offering it because they would probably not have a business if you could cancel by phone. Honestly. That's true.

People are that. I was the same way. I had a plan to fit his account for a while that I never canceled, but I had my wife go in there with me. That's what you're, that's what wives are for. Oh yeah. Just to get you to do stuff like that. One of the only reasons that you have a wife. She went in there with you. She, they go in and fix stuff. Yeah.

It's once you get rid of your mom, you get another mom basically that goes in and fixes all your things for you. Yeah. I can still send my mom to get my mom will go get stuff done. She would go in and chew out Planet Fitness. Get that. Oh, my mom. Yeah. Yeah. She gets stains out. Like if you have a tough stain, we had some pickle juice on a shirt recently. She's really good at that.

And then she's always got us. My mom is very protective of us and gets us, gets a lot of things solved. She's our fixer. She knows gout treatments. She does. She told you to tell her. Thank you for that. Did you do it? No. Uh,

All right. So this week, we did a lot. I feel like we've already done a lot today. This felt like eating healthy. We got your Planet Fitness thing out of the way. That's right. Kind of. Kind of. Yeah, I mean, at least it's a step. That's right. Started the ball rolling. Everybody can do an over-under. Did you put it on your calendar? No, no. Don't put it on your calendar. Don't. Let's see.

When people hear this, you can't until this episode airs. Yeah. So you got to at least pay one more month. Okay. Then begin to think to write the letter. So when people are listening to this, which is next week, then you can start the process of writing the letter. And then we will see. People can put guesses of how long is it going to take you. Okay. Days. I mean...

I almost don't want to tell you the date because I think you're going to just pick a date for... You're like, make yourself remember to do it. I'll forget by the end of this podcast. I know. Yeah. So I'm thinking, how long have you had it now? Since Ralphie died? Yeah, three or four years. Three or four years. But now it's on your mind to cancel it. So could you... I mean, I think... Three and a half years. I think if you don't cancel it by...

February or March. Yeah. I think you're in, you're another year. That's probably true. Someone suggested, Hey, here's an idea. Why don't you just go to the gym and try to get healthy? Hey, listen, that is a good idea. Yeah. But it's not good for comedy though. It's not going to happen. Where's your hat by the way? I just forgot to wear a hat today, man. Uh, off. Ooh,

All right. So I think we could go. I think you could be easily another year. I don't think if you do by February, you could do another year. I wonder if people can pick days. So starting on...

What day will this be? 10th? February 10th? I think so. Yeah. February 10th. You can put your days. How many days do you think? You can't start canceling it until the 10th. Okay. And we're not going to be bringing it up and reminding you. It's just off your memory. It's going to take me a week to buy stamps. I'm going to have to find some paper. Yeah. And it's going to be a process. It's going to be a process. Mm-hmm.

I'll get it done. Are you going to write it like he suggested? Yeah, probably. Yeah, handwritten. Yeah, I'll do handwritten. That'd be funny. Yeah. Aaron, the gout Weber. Like the grill. It's multiple. Multiple things. Should he show it to us before he mails it? I think so. Yeah. We'd like to see it. Mm-hmm. I mean, that still won't count. It's still got to be mailed. Yeah. So the day it is canceled, I mean, I think it's going to be like...

85 days. It's going to be something weird that's going to make you remember it. Uh-huh. It'll be when you get married. Lucy might, you know, because y'all get married. When we join bank accounts or something. When we join bank accounts, like that's where it gets solved. So you've been playing Planet Fitness? Yeah. 1095? That's where it gets solved. Yeah, yeah, I think so. Yeah.

So I think it's May, June. And then I think she gets on. So I think y'all get married in May. She tells you to cancel it in June. You don't. You have a big fight about that. And then she says July. There's another fight because you still haven't done it. It doesn't matter because you're like, well, it doesn't matter. I got to wait till the 10th anyway. And so I think it's August. I think you have two decent fights about it of marriage.

Cause her mother's going to be reminding her. That's true. Her mother's listening in. Yeah. Oh man, you can't. Yeah. Let's see what he does. And talk about it on your golf podcast. Yeah. Me and Anne. Yeah. Uh, all right. So this week, uh, we have decided, uh, wanted to talk a little bit about, uh,

So Wall Street stocks, that kind of, you know, I know we don't usually talk about topical things. This seems like kind of a fun topical thing. I know nothing about stocks or a little bit. I try to follow it and Wall Street in general. My typical answer when something goes wrong with it, I'm like, well, why do we do we even need the stock market? And that seems like not a good answer.

way to ask people get upset about that like uh yeah of course yeah you know uh so uh you know with the GameStop stuff happening it was just very very interesting it's been very very interesting and crazy uh with all the time it's unreal dude it's it's fun it is very fun to follow it's very fun to follow yeah and it's you know it's kind of feels like it's us against them yeah very much so yeah and so there's a lot of us that are rooting for us

So I don't know. I mean, you know, I'm sure someone could be upset. I don't, you know, we always try not to, but I mean, I don't know how you can be upset about this. This is kind of good for us. Yeah, exactly. Figured it out. You think a lot of billionaire hedge fund managers are listening? You think we have a few of those? Yeah, I was wondering which one's us and which one's them. Huh? Which side are we on? What side do you think we're on? Well, I just wanted to clarify. I'm a big hedge fund fan.

I think you would be. Honestly, I think you don't like... I think they make some good points. Yeah. I do believe that you would be on their side. 100%. I believe he is pro... He's Team Melvin Capital, dude. Pro-capitalism. Well, no, it's not pro-capitalism. He's pro...

you're, you're very, you're pro just like status quo. Like don't mess anything up. Everybody just keep letting everybody do what they're doing. Don't ask questions. Don't try to solve anything. That's what you're pro. So I think you would be proven, but,

So Wall Street, you actually bought some of the GameStop. Yeah. A little late. A little late, but I've been following it for a while, and I think I didn't even play the stock market ever. Yeah. I didn't even realize how easy it was to do that. Yeah. I just got the apps, and I'm on board, dude. Diamond hands. I'm holding out. Did you know, and diamond hands means you're holding. Hold the stock, yeah.

And so how much did you put in? Not much. A couple shares of GameStock, and then I bought like... Like $100? They're $325 a share. $325 a share. Yeah, they were... As of this morning, they've dropped considerably already today. Yeah. So I've lost a lot of money today. When did you get... You got in at $325? Yeah. How high did you get?

It got up to over $400 at one point. But a month ago, it was like $4 a share. So it's insane, the growth. But I put more money into AMC stock because I thought that was going to be the next one to kind of do what GameStop did. And that was... But they put a stop on it.

Did they today? I think they did. Yeah. Yeah. There's all kinds of like, I saw people, Europe couldn't buy. It's all such a mess. Yeah. But AMC was like, I bought in at like $11 a share. Yeah. It got up to 20 at one point. Now it's back down. It's just fun. It is when you don't have like, you know, like my life isn't depending on whether it succeeds or not. It's just fun to have some skin in the game, you know? Yeah.

Yeah, and you bought in at the very highest. Yeah, I got it. You came in at the very end. But is it the end, dude? I don't think... Yeah, I think this kind of...

I don't think it's the end of, yeah, I'm sure. I think this kind of thing will happen more and more. I think it's the end of your GameStop. Yeah, probably. So that's the thing. But I think more of that other stuff will happen more and more because I think people figure it out like, oh, you know, we can go against them. And so more people will buy it. But I think you're, get the GameStop at $325. So you're just fine. Like, you're just like, waste that money. It's gone.

But it's like this... You're staying in for something. Maybe, man. Yeah, yeah, yeah. I get it. I like that. A lot of people are like it's a participation fee for a political protest in a way. Yeah. And I didn't buy it thinking I'd make $100,000. It's just like I'd like to... But if someone did buy it at $4 and then it got to $400 and they sold... Oh, yeah. How much money would that be? I mean, so if you bought... How many shares? So...

So like the main guy who started all this deep value was his name. He made an initial investment back last October, uh,

He dropped $100,000 in GameStop. Yeah. Everybody thought he was insane, but he was like, no, this is a value buy for me. I like the stock, whatever. So it's worth $48 million now, the stock is. Now, that was before today. It's dropped considerably today, but he posts screenshots every day of his portfolio. Yeah. It's phenomenal.

48 million. Did he get his money out of there? I think he took a little bit out, cashed a little bit out, but he... That's the whole mantra of the movement. If he's in, I'm still in. That's what everybody keeps saying. They're like, if Deep Value's in, I'm still in. And people keep posting screenshots. I'm still in.

I've got $200,000 just sitting here, but I won't cash out because I got diamond hands. I'm going to stick it to the billionaires, stick it to the hedge funds. Does he do... So with him, I would hope that he would take a few million. You want him to, yeah. They should almost go and be like, dude, take...

take $40 million out and leave $8 million in. Like, go take it. Because if a guy like that, too, he could use that $40 million for something the same way. Because that's what I heard someone say, talked about what they should do because they're stopping these people from buying these things, is just go start your own trade desk. I don't really know what it means, but it sounds like that. You go start your own kind of app. Your own, like, you trade with, you can trade and you can do your own rules. Until the...

SEC, Southeastern Conference. They run everything. You know what I mean? It's so crazy. Alabama's good. It just means more. Alabama's good. So until they come in and actual laws get passed and won't let him do it or something like that, or whatever it is, which then you're going to have, it's going to go nuts. Because if the government comes in and changes laws, people are going to lose it. So you're protecting just the billionaires. I think there's almost definitely going to be

Some regulations because of this, which is so funny to see hedge fund managers and Wall Street people be like, we need more regulation. That's never what they want. Yeah. But now people are using it against them. Yeah. And they want some. And they want some. And yeah, so that's where I hope that guy takes...

I would take half. I would say take 40. But keep eight in, dude. That's still a ton. That's a ton. And then you're like, I'll let this eight go. But you took the biggest risk on earth, so you deserve to have a great life. And I think he would...

This guy seems to be a pretty smart guy if he's figured out this, because he started the movement to get everybody to buy it. Well, he was just, he's a big figure in the Wall Street Bets subreddit, and he was posting about it, and it sort of became a meme and a running joke to buy GameStop.

stop stock. Yeah. But he was just the first guy in and he's holding dude. Yeah. Last I checked, I mean, I don't know what happened in the last few hours, but he's holding on. And it's easy now just to buy stock, right? Yeah. You can do it on cash app. Really? Yeah. You just do it on there. I just use a different app. I'm so new to this. I'm not an expert by any means, but it's fun. Is there a fee for that? There is a, yeah, there's commission. Yeah. Yeah. Yeah.

It's, it's yeah. Like stocks. So we have stocks in, uh, just through our financial guys. Uh, I don't really understand stocks or, you know, I don't buy it on like that kind of thing. I do want, I was talking to someone, they said the best way is to do it is to put money in to like that cash app or whatever. One of those apps.

And then that way you can like kind of see it and like, and then do your own thing. And then you just kind of be like, all right, if this money goes, it's going and then it's gone. But you just kind of take chances and you can kind of have to learn it on your own. Yeah. And that seems like the best way. It's a pretty, but Wall Street in general, all this stuff seems so crazy to me. Where does this money even come from? Yeah. Where is this money like?

That's what I don't understand. What are stocks? Stocks in a company is like you're buying in shares in that company. You don't own it. You're not an investor, but you have shares into it hoping that it's a successful company, right? Well, you do own it. It's a share of ownership of the company. Oh, okay. Yeah. But investor is different. Investor invested in the company. That's the person that gets the company before it goes public.

Right. That's one type of investor, like an angel investor. And then when it goes public means the whole world can then buy stocks. Right. And that's when, so if you're in a company and then it goes public, that's when the people make the most money ever. Yeah. Yeah. Make a ton. Yeah. And so then you have stocks, but like everybody's got stocks in Amazon or Twitter, like everybody, Apple. So it's like, I don't understand how are you ever going to make real any money off of it? If everybody in the world that buys stocks has Apple.

We're all just keeping Apple afloat then. So they, can Apple take this money out? Like this would be like, can people take money out? Yeah. You can sell your, you can sell your stocks. You can sell your shares. Yeah. And that's how you make money off of it. But also these larger companies, for big shareholders, they pay dividends every now and then. So they'll just give cash to their shareholders. Yeah.

I don't know if there's a set timeline, but every now and then they'll just give money to them as a thank you for being a shareholder. But you can just sell your shares. That's how you make money. There's got to be millions of people that have Apple stock. Yeah. Yeah, a lot of them. So if everybody wanted to buy their stock, or everybody wanted to sell their stock at the exact same time. Yeah, then their stock would tank. It would be a real problem. And then Apple takes money from these people? Yeah.

Yeah, that's where, when you buy... So when you pay, if I buy Apple stock, that money goes to Apple to help them run their business? Yeah, I think that's the basic idea, right? Brian, do you have anything about just like generic? No, I mean, so there's two ways to do... Well, there's more than two ways, but there's two major stock exchanges in the US. There's the New York Stock Exchange and NASDAQ. And the New York Stock Exchange is a buyer-seller...

trades like I got this stock for this price. You want to buy it for this price? And then there's an auctioneer that, that negotiates it, makes it happen. And then the NASDAQ, which I don't, I understand even less. It's more about trading than,

You trade stocks and things like that. The New York Stock Exchange actually has people still, some, on the floor actually doing the big... You know, it used to be a big thing. Yeah. You ring the bell. The pit, you know. The bell still happens, yeah. But yeah, the pit. It used to be all these guys on the floor yelling and they still have some like that. They're one of the few that actually has physical people on the floor doing the...

I forget what they call it, but where you actually yell and do hand signals and things like that. Yeah. The NASDAQ. That's like Wall Street, the movie, when they would show them all doing that. That would be how on earth...

That's a business. When you see them all yelling and passing, all that stuff, how's that? You're like, there's no way this business could be run legally. It seems crazy. It just can't be. It is just pure chaos. You walk in a room, just... I mean, I bet the excitement of being down there has got to be wild. Yeah. When you get off from work that day, I mean, you are like...

You know, and the work's done, right? Because it closes at 5 p.m., can't do anything. So the work's done, and you're just being going, ah, ah, ah, like kind of crazy. And then you're just like, oh. And it's all very high stakes, like a lot of money being thrown around. But when they're yelling out all that, when you watch like –

Yeah, watching Wall Street. I mean, they're yelling and they're like, hey, they just call people and they're like, hey, I got two, whatever, and they yell something at them. And they go, I got another one. And he just shouts it out to oblivion. Like who even knows what any of it is? You're just shouting out, like, is there a guy there? What if the guy doesn't hear it? That's what I always thought. What if at the end of it they go, you know what? I don't like...

I didn't hear any of that. What if some guy just, he goes, hey, we did pretty good today. And he's like, I thought you called in sick. I didn't even realize you were there, dude. Like, it's, you were yelling at me too, dude. 50 people yelled at me. I did not see you this morning. I thought you were sick. I didn't put in any of your stock bets.

Or whatever you did. I did none of it. It is bad news. You got to write it down or something, man. I just yelled it out. He goes, I just yelled it out. I wrote it on this piece of paper. He goes, I mean, do I have the words of the paper? No one even knows where it's at. I mean, how much of that? That had to happen all the time back then.

Yeah. I mean, I wonder if there were offices that were just that chaotic and crazy. I mean, I'm guessing the movies were pretty accurate. They had to be somewhat accurate. I mean, I can't imagine that it was, you know, if you go, I don't think the Wall Street guys were like, no, we were pretty chill, man. Like we, you see the video, like news video of them and it's, they're yelling and stuff, but it's just so much yelling. I just think.

How's any of this getting done? Yeah, and then the telephone, that didn't even come along until the 80s where they started doing it by phone. Before then, they was just all yelling back and forth on the trading floor. I mean, just like there's... I don't under... Yeah. I mean, how could you go in there and you're like, I don't know. I mean, you have to be... I guess once you're in it, you would be like, I get it. But...

But yeah, I bet that had to happen. People didn't get stocks and they go, I yelled that. Or they said, no, I yelled it. Did you just put it in? He goes, oh, sorry, I'll put it in. Like, or, you know, he does it later. And he seems like it would happen all the time to the most important thing in the world. Yeah.

The symbols, the stock symbols, if it's a one, two, or three letter symbol, then that means they're traded on the New York Stock Exchange. If it's a four letter symbol, that means it's on the NASDAQ. Like a symbol? Like Starbucks is SBUX. That's their trade symbol. It's not a hard and fast rule. There are some examples of it not being the case, but generally speaking, if

If it's a small one, two or three letter symbol. That feels like one that you'd be like, oh, so that's four letter. That's NASDAQ. They're like, well, not that one. Yeah. But in general, like I guarantee you, I could pick the one. Yeah. Right. That they go, well, not that one. That's like the I before E except after C. That's like never true. Yeah. Never. Yeah. Snap. I don't know what snap is. Nice. Yeah. But then it says I before E except under C and or sounds like A and neighbor and way. Yeah. Yeah.

Or E, you know, there's like 12. The end of it should be just figure it out on your own. That's what the end of that saying should be. You know what? Honestly, just learn how to spell stuff and don't use this rule. That's how I've re-FC except for neighboring way and find your own system. Sometimes this is, this is not a good system. This is, we figured this is now and there's a lot of new words introduced. Yeah. Yeah.

That's an old saying. So generally speaking, NASDAQ's the place for tech stocks to go public. Like Apple, Amazon, Facebook, all those. I bet there's got to be some people that had like Google. Isn't there famous stories of people selling Google or, you know, where they all went. The guy that, I actually heard him on like Howard Stern interview, like the guy that went public at Facebook, he painted, he was a painter, and he painted Facebook's office and they paid him in stocks. And they said they would have given him like,

I don't know, making this a couple hundred grand or something, or he could just have stocks. Because he wanted him to paint the whole office. It was like this giant building. And so he took the stocks and then it went public. I mean, now he might have $300 million. Yeah. Google did that early on with their janitors. Oh, yeah. They gave them shares of the company. And now, crazy, man. And those janitors, wow. That's pretty crazy. Well, that's like Bitcoin. Bitcoin was, you know, when you...

The first Bitcoin was a pizza. And it was 10,000. They bought it 10,000 Bitcoins, which would be $100 million now. What does that mean? So whatever Bitcoin did, I'm not even sure. A pizza? What do you mean by pizza? He bought a literal pizza. It was a Bitcoin. He paid for it with 10,000 Bitcoins. It was $25. So 10,000 Bitcoins was worth $25 at this time. That'd be $330 million now. Today. Today.

And the pizza delivery guy accepted it. Yeah. So that's somewhere. Somewhere. Wild. Huh. All right. So then there's a couple of main ways to track how the stock market is doing. The Dow Jones Industrial Average and the S&P 500, which I've heard of both of them. Dow mostly. I did not know Dow. Just 30 large companies. That's all they're tracking. Yeah. Did you know that?

Does it move? I guess it changes just when someone's in the top 30. I don't think it's even the top 30. I think they just choose 30 large companies that they feel like is a good indicator. That's when people go, oh, the stock market's down. They say, oh, the Dow's down, whatever. Why is it called Dow Jones? It was named after two people. Charles Dow, who created the Wall Street Journal. Something Jones? Something Jones, yeah. Mr. Jones. Yeah.

So that's what they do. You look at the Dow Jones and that's just a general feeling of what's going on. Yeah. And some people think that's down or it goes up. Like if that's up, you're like, oh, stocks are doing great today. Well, the S&P 500 is 500 companies. So to me, it seems like why wouldn't you just pay more attention to that one? It seemed like as much accurate.

But they have an equation here for the Dow Jones for how they even come up with that number. It's the stock prices of all 30 companies divided by a factor, which is currently 0.152. So they take whatever huge number is divided by that, and that's what the Dow Jones is. They just do whatever they want.

Yeah, I mean, it's all made up. This also feels like a job where you can just say stuff. Yeah. And then people are like, okay, is that? You're like, yeah, how's the Dow doing? You're like, ah, we took a hit today. You just say stuff like that, and you're like, I don't know what any of this means. Well, it just goes to Bitcoin and money in general. It only has value because we all agree that it has value. Yeah. So it's like we could just all one day be like, I don't accept that.

Yeah. I don't accept US dollars anymore. And you're like, oh, crap. Yeah. It's hard to get your head around. Well, I have so many of them. And so what about if I give you a bunch of them? Because I just don't know. I just don't want any of them right now. And you're like, but I have. You don't understand. I have different numbers of them.

The number doesn't mean anything. This one has 100 on it. You just got paper, dude. That's all you got. It's just paper to me. It's like Monopoly money. Yeah. Same thing. It wouldn't matter. It seemed like it would have been really hard when the first settlers and traders, because they were trading furs and tools, which everyone gets. That's valuable. Then somebody came along like, we don't have that, but we got this paper. Yeah. That's valuable.

That's got to be hard to convince people, right? It's like an IOU, pretty essentially, right? Just, no, trust me, this is actually worth this much in gold or whatever. Yeah, it was this much in... Well, it was gold and silver was the first thing. Yeah, before money. Yeah, so that would have been traded and that was a value. But then I just listened to something actually about money.

uh, cause I was trying to learn about Bitcoin and it was like, cause they had gold and it was like, so instead of having all this gold and you have to shave off some of the gold to buy something, I'm almost positive. I could be saying this, this is completely made up, but I'd imagine you go, uh, you go get some milk,

at the store and you just got your gold bar and they're like uh two swabs worth and you're just like you just shave it off into onto their little onto their beeping thing yeah and you just is that uh that's a little bit and you get a piece back and put it on your tongue and then stick it back on your gold bar and then you walk out with your gold bar and your milk and it was like just two swipes down

This could be made up, but I bet it happened. You got like a valet where you got to tip them. Oh, God, yeah. That one you flip the blade over. You don't do the blade because you don't want to dig it in. You want them just some fairy. You just kind of fairy dust them on their shirt. And you just did the valet. You just swipe it. It just splatters a little bit on his shirt. And then he has to. I appreciate it, man. He takes his shirt off and has to go get it.

You have to wear multiple coats. That's why they didn't like it. Because these valet guys were like, you know, we're already parking your horse. And now I got to change coats because most of it gets blown in the wind. How was tonight? You're like, oh, it was all right. It's not a bad night. How'd you do to the script? Yeah, pretty good night, you know. Not bad. Not bad.

Man, just the idea of everyone carrying around a gold bar is hilarious. Yeah. But that's, you know, that's what money is, theoretically. That's how it started, right? Right, right. It's paper money. It was backed by gold? It was backed by gold, yeah. Yeah. That's why they still tell you to buy gold.

Tom Selleck? Yep. All of them still go by gold because it could go back to gold. Yeah. If the money goes away. Was Tom Selleck doing those gold commercials? He does reverse mortgages maybe. Fred Thompson always did those reverse mortgage commercials. Yeah. It's like a certain age group gets to. Wilford Brimley. It's like no one's on board with gold. And then you hit 70, 75, and you're like, all right, I'm here. I'll listen to you. And that's their market for gold.

Because they might have a ton of it. They need to get rid of it. I think Bitcoin, that stuff is what I'm curious about. Whatever that is. I don't understand that at all. And I wonder if every step of the way, money and then checks, writing a check, that's probably hard for people to get their head around at first, right? Yeah, checks are about, I think, done. I know, but when they first started, probably people had a hard time getting on board with that. I don't understand. Credit cards are that way too, right? Any kind of new thing.

Even Apple Pay, people are like, what is going on here? Because it's just a brand new thing. Well, that's what you think about it. You don't really ever see your money. Yeah. It's just a number. And that's what always scares me is you go, well, what if they, you know, this cash app or that kind of stuff like that, you have your money in that. Robinhood, you know, like went down. But what if the app just goes, well, we're not going to give it to you?

Well, that's what happened last week. Yeah, right? With Robin Hood? Robin Hood said you can no longer buy GameStop stock. But didn't they? And AMC. And then now they're restricting it. You can only buy one. Yeah. It's just like they're just telling you what to do. I know, but what if they want to take the money? So if you have money in this, so if you wanted to cash out of that, you could, right? Yeah. You could say, I want money. You put your credit card down.

Or something in your bank account. Yeah, you link it to your bank account usually, I think. And then, so if you were like, hey, I want to cancel this app, like a gambling app, right? Like DraftKings or something. Like you just, you get your money back out and then that's what you go with.

So that, that means, but that's what scares me is like with an app like that, it's like you could have all this money in this. And then if something happens to that thing, then it's like, well now the money's not there. And you're, it's not like it was ever. You're going to love Bitcoin then because it's designed to solve that exact problem. Yeah. Yeah. When we, when we, we're going to, we're going to talk more about it a little bit. Right. Cause yeah. Yeah. Yeah. So I didn't last year when the pandemic,

Mid-March when everything shut down, probably the other things were going on in the news. Six of the top seven one-day point gains in Dow Jones history happened March of last year. It's pretty crazy. Yeah. And what's the crazier is the top seven one-day point losses also happened last year. The market was going crazy during all the pandemic stuff. And usually that would be the top story, but obviously other stuff was going on. What was going on? So...

What did you say? The largest jump? Yeah. Not percentage-wise, but one day point gain in Dow Jones history. And then point loss. It was just fluctuating so crazy. So people probably made money. The guys that are in this made money in those times. Oh, when it dips, you buy? Yeah. And just no one is going to come back? The Dow Jones now is around $30,000, depending on which day.

You're born in December 91? November of 91. Okay. Well, I have December. Sorry. The Dow was 5,985.

March 79? Yeah. The Dow was 3,218. Anybody want to guess mine? I mean, do they have stocks? Was it negative? I think it was trading. I think you were still bartering. It was three pelts. Yeah. Two muskets. Now, it was actually 5,294. It was higher. Oh, really? Yeah. It was almost as high as yours, but the Dow dropped.

during like 10 year period there. So now it's at 30,000? Yeah. So that's, this is the highest it's ever been? Yeah. And we're back to pre-COVID levels probably, right? I think so. I think above it. The inauguration day this year was the highest it hit. So if it got back down to 3,000, go by.

Oh, yeah, I think so. Yeah. That's the idea of it is you would go buy a bunch of stock then because then it goes back up. That's what Warren Buffett always does. Just when there's a collapse. When there's panic. And panic. Yeah. I think probably 2008 when everything collapsed, all those people just swooped in. That could afford to just sit on a stock for years. Well, they say that with real estate too. If you buy real estate, buy homes. If you could go buy homes during that time, I mean, you could buy million-dollar homes for nothing.

I mean, not nothing essentially, but for people that have money, they would have just went down there and you could just bought a home. And then you're sitting on, you know, like 30A, which is always is a big vacation spot in Nash. It's in Florida, but a lot of people from Nashville go to it. I still haven't been to it actually, but I want to go down there. But that like homes down there now are like $8 million to buy a home where if you'd bought it 10 years ago, it would have been, I don't know, $800,000. Damn.

And they're just because no one was doing it or whatever it was, whatever reason 2008 would have been nothing. Yeah. And then now it's like everybody in Nashville drives. And that's just Nashville. I mean, that means it's not like it's just Nashville people. Everybody's going there. So everybody drives down there. Now they have all this money.

Yeah. Like the big short, you love the big short. I watched it multiple times. I watched it this weekend. Yeah. I mean, I really like it. It's great. I don't say I completely understand it. Yeah. There's a lot of movies I watch that I don't understand. You know, uh, that movie does a good job of like explaining it. Yeah. Or just being like, Hey, you don't even need to understand this. I think they flat out say that. Yeah. Yeah. Yeah. It's like him, the way he's, the way he's talking to the camera, all that stuff. It's just a very fun movie. It's great. Uh,

I've watched Margin Call is, uh,

a great movie. People might not know it. Isn't that about the same thing from the bank's perspective though? Yeah. Yeah, I've heard about that. Kevin Spacey's in it. Get past that. But he, it's a great, it's really great. Really? Just like what they had to go do. And it's funny, he's one of the, like the head of the bank or whatever, or something comes in and he tells the person, he's like, so what's going on? Because the guy predicted it, like this was about to happen and then they fired that guy as well as he lay off. So he's one of the guys that got laid off, but he had like a system in place.

And, you know, it's the same kind of thing. Like, you guys are getting in trouble, but you get bailed out. But the guy comes in, and he's the boss, and somebody explains it to him. He goes, explain it to me like you're talking to a five-year-old. Like Michael Scott. Yeah, like Michael Scott. And he says it. But it's funny that that guy's a successful guy. Yeah. Or supposedly, you know. And he's probably doing it for the...

for me watching at home. Right. I'm like, I'm so glad that guy said that. Right. You know, I think it's like, see, those blank guys are pretty dumb. You're like, idiot. They just, they knew you weren't going to follow along. Yeah.

So the short stock, because I Googled trying to explain that thing for a five-year-old, and I still couldn't quite understand it. About shorting a stock? Yeah. I found a great analogy over the weekend. Okay, let's hear it. No analogy is perfect, but this really helped me understand it. Yeah. So let's say Nate...

Let's say Nate has a residency at the Ryman and he's doing shows there every night indefinitely. Okay. From now until like Carrot Top in Vegas. Yeah. And right now he's selling tickets for $100 a show. But I have reason to believe that that price is going to drop. And pretty soon you'll be able to buy tickets for $50. Because you've seen his act. Because I've seen his act. Inside information. People will be over it pretty soon. But right now they're going for $100. Yeah.

So how can I take advantage of that in the moment if I think it's going to drop? Yeah. So let's say you have a ticket to the show that you bought at full price. You paid $100 for a ticket. I can approach you and say, let me borrow your ticket to Nate's show. I'll pay you interest, but let me borrow your ticket for a little bit. Okay.

Now I have your ticket. I can sell that at the current price, which is $100. But now I have to give a ticket back to you still. So I wait until the tickets drop to $50, scalp one, and give that to you. So then I've made money that whole process. Now what can obviously happen, and what has happened, is let's say then Nate goes...

Chris Rock is doing the shows with me now. Now a lot more people are trying to buy tickets. That jacks up the price. And you owe. You've already sold your $100 ticket. Right. But I still got to give one to Brian. And now they're $400 or $500 a ticket. And I've lost all that money. So who do they borrow from?

What do you mean? Like the hedge fund. That's what they're doing, right? They're borrowing stock? Yeah, from people that own the stock. You borrow it and then you pay an interest rate. And that's why all these hedge funds have... My understanding, and somebody could be listening and being like, this guy's a complete moron. Yeah, he's already turned it off probably. Turler. But my understanding is that the reason these hedge funds have lost all these billions of dollars is because they're sitting around waiting for GameStop stock to go back down.

But while they're waiting, they're having to pay interest on these stocks that they've borrowed. So they're kind of waiting it out. And like, do we just chalk it up as a loss or do we wait until it gets back low? Okay. That was the part I was having, the borrowing. Like, who are you borrowing from? So there's a system in place where they do that. Yeah, you can... I mean, if you own stocks, you have an option to let it be used like that. It's all very... Just the idea of like...

borrowing it and then selling it is weird because you don't own, how do you sell something you don't own? Yeah. I don't really understand that part of it. That's where hedge funds came in. That I was talking to my neighbor, Felix, and he was like, hedge funds were the problem. Everything was kind of like normal.

I don't know if Felix gets Felix in trouble. Felix, Felix started his own bank in his basement. But he was saying like hedge, it seems like hedge funds were a big problem. They came in there. He just wanted to make more money.

And so they figured out how to make more money was to do this kind of thing where they short. And that's what those people go on TV. That's what that guy did. They go on TV and they'd say, we're going to short this because people like play that game and they're going to on purpose short something. And so it was almost like that guy, the, the, whoever the Reddit guy is,

Bought that GameStop and was like, they're going to come after this one day. And when they do, we'll fight back. And essentially that's what has happened. When you short a stock, that information has to be public right now. So you can see what companies they're going after. And I think that's what that guy did. He's like, I see all these companies betting against it.

So I think if I got enough people. Yeah. Yeah. I mean, because of all of us bought shares, we make everything go up. Ooh.

But it's like, what? I just don't, like, the money is just like, so it's just all, it's like gambling, right? It's worth whatever people will pay for it. Yeah. You know? So it's all, if you think about it too much, you're like, oh, this is all just fake. Yeah. And that's a little distressing to think about, you know? Yeah. So the worst day in stock market history wasn't the stock market crash in 1929. It was actually 1987. Yeah.

It dropped twice as much, 22.6%. So almost a fourth of the value dropped in one day in 1987. What happened? I don't know, Aaron. That's a good question. What does it feel like happened? In 87, you were...

You were rocking and rolling. What do you remember? You don't remember? It was in high school. Yeah. You don't remember any big movements? I mean, I vaguely remember them talking about this. Black Monday. But I don't... I mean, I don't even understand what's going on now. So I'm sure not going to know what they're saying. Honestly, that's kind of relaxing to hear that it's the biggest drop ever. And you're like, I mean, I kind of remembered maybe people talking about it. But...

Yeah. I wasn't out on the street in a food line, you know? Do you remember hearing about people jumping from windows to their death when the stock market crashed in 1929? I think so. Oh, man. No. You've never heard that? No. Oh, this is not going to be as impressive then, I tell you. I thought that was a common terminology. I think I've heard it. In movies and stuff, people jump to their death. Well, it wasn't true. It didn't happen. So I thought, I'm going to blow you guys' mind.

Since you hadn't heard about it. Not as much, but they heard about it. Yeah, it's a common thing that people like stock or people who lost everything were jumping from windows to kill themselves. But the buildings weren't that tall back then. Yeah. So it's all good. A lot of sprained ankles. It was an immediate regret. Now they got medical bills. Yeah. Now the stock market crashed at 29. That led to the Great Depression. Why are you limping? You jumped out of the...

The Dow Jones is down. The Dow Jones is down. The Dow's down. Not even the Jones yet. Jones didn't come along. The Dow's down. Dow's down. We'll cheer him up. There's a couple comedians that said things that made people think that. Will Rogers said when the Wall Street tailspin happened, you had to stand in line to get a window to jump out of. And then some comedian, Eddie Cantor, said he just requested a room on the 19th floor and the clerk said, for sleeping or jumping?

Those are a couple of jokes and then it became a whole thing that people thought that really happened. But it really didn't. I mean, now people say whatever and the craziest stuff ever. They wouldn't even ring a bell. That's clean comedy. Yeah, very much so. Bitcoin, we can talk about that. Something I understand even less about.

Is Bitcoin? I don't understand. I mean... It is so complicated, dude. It was created, invented in 2008 by a person or persons by the name Sashi Nakamoto. I don't know if that's a group of people or one person. And it started in 2009. I did not know the people... That's a pretty good name. You have a name that could be you or a group of people. Right.

Like Nate Bargetzi, no one's going, is it a group of, what is it, a flock of 41-year-olds coming at me? And you're like, no, it's a person's name. This guy has a name that we don't know if it's his name or is it a large group. What was it? Satoshi Nakamoto. A group of people. Yeah. It means a group of people in one place.

So you do cryptocurrency, right? I have. I don't own any right now, but I... How do you even start? You got rid of it. It's a good time to get rid of it. I mean, when did you sell it? It's like great now. I had Bitcoin. I sold it when it was about...

$9,000. Do we figure out if you're... Yeah. Now it's at $30,000. It's upwards of $30,000 now, which at the time would have been... It just was insane to think it would be that high. What about your diamond hands? Yeah. This was years ago. This was years ago. This was before I got caught up in the movement. You're a gout foot now. So... Yeah.

You could afford a new foot. Yeah. I could have just a little less. I would have held on to it. Still need a big foot. So I bet you buy it the same way that you'd buy a stock with just different apps. And that's how most people treat it. It's just, when did you buy it? The first time. Oh, three or four years ago. Right. When you got your planet fitness membership, it was 6,000, five or 6,000 at the time. You did this when Ralphie died, you did this and the planet fitness and you held on to one and you held on to the worst one.

And you sold the one that would make you... I mean, you'd be a millionaire right now. I wouldn't even be on this podcast. I didn't put that much in. I'd have more than I do now if I would have held on to it for sure. How much did you buy? Do you remember how much the shares, how much it was? I mean, I can look it up what it was. The Bitcoin price in like 2018. Are there more than just Bitcoin for cryptocurrency? Yeah. Yeah, I think so. Yeah, there's a ton. There's thousands of them. Bitcoin is just the one that people know about.

Is it 68,000? Oh, no. No, that's... 68 million? That's how much 2018 Bitcoin is. So one Bitcoin right now is $34,000.

So I like... But a whole Bitcoin, if you wanted to buy one now, it's like $30,000 to buy one full Bitcoin. Yeah, but you don't have to buy a full... You can just buy a fractional. Do people want to buy Bitcoins? Like a full one? Is there any benefit to buying... Oh, sure. If people that have that much money, yeah, you're buying a bunch. But you treat it like any other investment. I don't think... I mean...

People are doing shady stuff on the internet. They're using Bitcoin probably if they're buying drugs or hiring hit men and that kind of stuff. Because it's all anonymous and safe to use. But I think most people... But it shows. You can see every purchase. But it's all encrypted. I know, but you can... But it shows like every...

it doesn't show your name, but it's every purchase from Bitcoin, I think is visible. A blockchain. Blockchain. Yep. So, but is it, do some of them say hit man? No, no. And you're like, Oh, who did that? You're like, well, we can't tell you who, but I can tell you that there's been a lot of hit man hired. Can anybody bring up a blockchain? Yeah. I had it up here earlier. So you can go through, um, I think it's just like the way blockchain works is like, I was reading about this. Um,

Blockchain is like a, you were talking about, you don't like the idea of somebody just being able to just wipe out your money. The idea of this is like the ledger where all these transactions are recorded. There's not a central, it's decentralized. So the three of us would each have our own ledger where we keep track of everything.

And it's just a network between the three of us. And we all have to validate each other's copy of the same ledger. And that's how it works. So there's no government. There's no centralized agency controlling it all. It's all just us. How does it come to value? Because people want it. If I open a store and I'll only sell Bitcoin, then that's going to count as value.

Like that counts as if I'm selling pins, you can only pay for it in Bitcoin. Well, then Bitcoin's worth a lot in my store. Yeah. Because I'm only accepting Bitcoin. So if everybody started accepting Bitcoin, then it's going to be, then Bitcoin will be the new thing that we start spending money. Right. Which I do think that that kind of aspect is going to, I think it's going to happen. Like.

I just don't see people becoming less and less trusting of governments. And governments come and go and they fall apart and all these things. And so it's kind of like our own money. If I want to sell you a car in Bitcoin, no one can stop me. Right. I don't think so, right? Right. For sure. My wife. And I go, no, you don't understand. This is...

So it says there will only ever be 21 million Bitcoin. Yeah. Explain that. So the way Bitcoins aren't given to you, you mine Bitcoins. And how do you do that? So when you're a Bitcoin miner, you set up to run the complex mathematical function to validate the ledger. Okay. So if I want to set up my computer to calculate Bitcoin,

All these blocks in the chain. Once you calculate it, a Bitcoin is granted. So there's just all these different...

people in the network trying to do that. But it was designed in such a way that it has diminishing returns over time, over years. So when it first started, if you solved the algorithm to validate blockchain, you got like 50 Bitcoin. And it just decreases over time and eventually it'll stop. I don't understand really any of that. And then so the mining of Bitcoin, so you can get some Bitcoin for free?

That's where it comes from. Yeah. So you can either just buy it or you can do it for free, like mining. Yeah. But the thing is, it's incredibly expensive to mine it. Yeah. It takes a lot of just the power, like the electrical power to run this mathematical problem. Yeah.

And you have to have super advanced computers. Yeah. So if you, back in the day. My day is not going to do it. Well, back in the day, you could do that. Back in the day, you could set up like your spare computer and just let it mine Bitcoin for a while. Now you got to, there's warehouses full of these processors that are doing it. Yeah. So you can't, just the normal dude on his computer can't do it anymore. Unfortunately, that'd be pretty awesome just to.

So when this $21 million runs out, what then? I don't know. Because I think they're almost all found, right? They're getting there, right? Yeah. I don't know. Then it would make them more valuable. Yeah. For sure. Because whoever has them. Well, then you would just figure out, then there might be a new cryptocurrency. Yeah. Because if there's an end to this, then why would you not? Why would they let it end at $21 million? I don't know. Yeah. Because I think if there were an infinite number of Bitcoin that could be out there, then they'd lose value, right? Yeah.

If there were just dollar bills everywhere, then... So who put it in that mine, though, for you to... It's the program. It's the program that does it. Whoever built it. The Sasasugi? Uh-huh. Yeah. Okay. All right. And I don't know. I mean, I sound like I don't really know what I'm talking about. Yeah. Throwing that out there. Yeah. Yeah.

This says around 20% of existing Bitcoin, which is about $140 billion, appears to be lost or otherwise in stranded wallets. Meaning people have a digital wallet. That's the guy that... There was a guy. Do you have the story of that guy? I do. What's that? So there's a couple of different stories recently. One guy lost his password, and I think that's around $140 billion. He only has two tries left out of 10. Billion or million? Million, sorry. $140 million he has.

He only has, at this time we're recording, he has two out of ten tries left on his device, password device, to access the fortune. It's going to be impossible to guess. It's not like...

You're not going to be like, it was Sparkles 245. Yeah. It's going to be some ridiculous... I think it's a 64-digit... Yeah. Yes, and I mean, he's got to find... You got to find it somewhere. Yeah. There's a British... This also recently going on. A British guy threw out his hard drive that had Bitcoin on it. He's a 35-year-old IT engineer. He did this in 2013 and just figured out that this happened. But he wants to ask the government to be able to go through the trash...

to try to find this and uh he still thinks he can recover the bitcoin he had 7 500 bitcoin on there which today is worth 280 million dollars yeah he threw it away eight years ago wow yeah that's crazy some guy died this ceo of a company he was the only one that had the password he died on a trip in india he's the only one that knew the company's password and they had 180 million dollars in bitcoin

So now there's a wallet recovery service that will try to recover it for you. They get 20% usually of what, I mean, seems fair, I guess. Yeah.

but they help you recover cryptocurrency if you've lost. How are they going to find that password? I don't know. Yeah. You got to set up a kill switch. You know, we were thought about like all these, these rich guys, they set up a kill switch. Like what does that mean? They, they make a contract where they're like, if I die, all this stuff happens. Yeah. Just think just to avoid a situation just like that. Yeah. You know,

So do you have a key for Bitcoin? Like not a physical key, but like a... You have, yeah. So it's a long, unique identifier, just string of letters and numbers and stuff. And you have a public one that people, if people want to send it to you, they have a public one. But then you have your private one that is listed in the blockchain and all that kind of stuff. And so these people that lose their password, it's like they have this giant... Wait, this kill switch, you're talking about like a wheel or like...

If everything, if you die, it could be like a will, but you can just, yeah, you could just have something set up to where like, if I die, I want all this stuff to happen. Yeah. Cause I think about that at like some time. I mean, I don't have Bitcoin sitting around, but if I die, like stuff needs to happen that only I could do. Yeah. Fitness. Right. Yeah. Yeah.

So you would let this stuff die with you, is what you're saying? No, I'm saying I should probably set it up to take care of it. Are you talking about a will? Maybe like a will, yeah. Is that what you're calling a kill switch? Is it just that? A regular will? A kill switch, like the metaphor where if you die, flip the switch, and then all this stuff happens. What happens? We think... Whatever you want. All your money goes somewhere. Yeah, that can be part of it.

So that's a will. So that's all you're saying. That's what you're saying that you wish you would do. Yeah. But you're calling it a kill switch. Well, here's an example. If I was blackmailing you and I thought you might kill me, I would set up a kill switch where if I were to die, then all that stuff would be released or whatever. That's like a kill switch. Yes. Okay. And that would be the appropriate time to use it if you were in some type of situation like that. Now, just for your regular life.

of your, we saw your calendar. I know you got a lot going on, but I can't imagine. Capital view me. You need a kill switch that sets off. You got to like, let the capital view people know like, Hey, obviously I'm not going to be here. I died. If,

Everybody that's in the Capitol building, they go, how's our two o'clock coming? And he goes, he ain't coming no more. I got a pigeon flew a letter to me today. Apparently the pigeon was trapped in a cage once he died, opened, and the pigeons flew until all my meetings were canceled by pigeon. Pigeon.

You would like a will. Yeah, yeah. That's all you need. You're right. A little bit too extreme for what I got going on. That's true. You need another will. I'd love to get to the level where I would have a kill switch. Yeah. For sure. Yeah. I mean, that's a, that's a, yeah. I don't understand if you're, I think you need to be like a James Bond or something, you know?

I don't even know what level you'd be at. Even if you had $15 million, I don't know if you need a kill switch. Like if they have secret identities or just secret stuff. Yeah. Whatever stuff I got going on. Now it could be fun for maybe you do have a kill switch that sets off some fun, funny. Yeah. You could do something like that. Yeah. You could do something. Yeah. It's like, you know, a guy who delivers a package and the letter that just,

Says I'm dead. Dirt Planet Fitness. I'm dead. Yeah. You can sell a kill switch for them. Yeah, you're right. All right. A little too extreme of a word to use for sure, but I agree. It's fun. Yeah. It's a word that someone your age, not married, doesn't understand what a will is, would use. That you're describing. You want it to be cooler than it is. You don't want reality to set in once you get married that your life becomes boring and

You're just, you know, used to live in this. You go use all these fancy words to try to add some spice to y'all's.

You know, just to be like, did you get the kill switch signed? And then she's like, it's the wheel. And like Lucy's just sitting there going, yeah, we signed it. I signed, you use my other name and you have a different name. And you know, ink disappears. You just have a book shelf that slides open and you can hide behind the wall and shut it. But it doesn't shut all the way. Cause you're like, you didn't go that far back enough, but it could. If you pull this book,

Then just one other book falls off at the same time. It's not, you know, you're like one day I hope that I'll have the, but right now I just want to show you that I am on board with when you pull this one book, a book above you pops and hits you in the head. And so if someone comes in and tries to steal my book, they pull it, a heavier book falls and hits them in the head and they're frustrated. You know, it doesn't knock them out, but they are definitely annoyed with the situation and you've been dead.

because of the kill switch that's part of this kill switch has been activated obviously they've already killed you and they're coming to get that book um future of money which i think we've already covered it's not going to go well for me because i don't understand anything you've said banks are going digital that's already kind of happened brick and mortar banks will kind of go away everything's going to be more online banking i don't i don't love not going places i it's happening with uh shopping

I mean, you can't, you know, I walked around the mall the other day and there's just, there's not that many stores anymore. There's not a lot to go to. Think of the kids toys, like Christmas, you're just not buying. Everything's online. Everything's, you know, like Toys R Us is not there. Like that was fun to go take, you know, you go Target. Target's the only place. And I mean, Target is packed. Target's always packed. People need to go get stuff.

And, you know, grocery stores, obviously. But as far as buying clothes and that kind of stuff, I mean, no one's – you're just not doing it anymore. And I still like going to see something. Do you guys still go to the bank? I mean, unless Laura does. Laura, I don't know. Laura, do we go to the bank? Is she right there? She's at the bank. Yeah. Yeah, I don't know if we have been to the bank. No, I tried to go to the ATM this weekend, actually, in my car.

Said no. She's changed it. My card went, yeah. I think we switched accounts and so I don't have the new card. And I put it in and they said no. I still get checks from comedy clubs, but I figured you probably took a picture of it and sent it in digitally. I still physically go into the bank. I went to the bank today and did that through the drive-thru. Okay. Just with checks. Yeah. Yeah. If it's on the way, I don't mind going in there and doing it. People at the bank are always nice.

Yeah. It's a nice experience. I like using the thing. Yeah. Yeah. The thing? The thing that shoots up? Do you know what that's called? I don't even know what you're talking about. The kill switch? The tube. Oh. The tube thing, yeah. I like using that. Your mom used to work at a bank, didn't she? Yeah. She worked at a bank, First American, a long time ago when I was a kid, and then Pinnacle Bank for a long time.

and yeah she loved it she's talking to everybody yeah yeah it's a fun it's a good if you cause Pinnacle Bank is a great bank

Chemical Bank. Yeah. Seinfeld. But Pinnacle, it's a great bank. It is a bank that you went in and they like knew all the people that come in regularly and talk to them. I think it's people that have a lot of checks and a lot of stuff like that. I mean, I have to write checks for like opening and stuff like that. But I mean, now we have a business manager. So they're, they do it. Didn't you have a joke about voting? That's how you thought you did it? Through a tube. Yeah. Yeah. Yeah. Um,

Yeah. The, I mean, I can remember when you would get monthly statements in the mail for your checking account or whatever account you had. And that's how you kind of kept track of how much money before there was just online banking. I get it. We get a, a cashflow email from like our business manager. Um,

No idea what it is. I look at it. I don't understand it. There's a cash flow statement. Yeah. Confuses me. I just want, I think they should call and go, here's how much money you have. And they just, and they tell you and they go there and they go, that's it. They go, that's it. That's all you need to know. That's all you need to know. Here's in like out of, you know, cause money gets so it starts getting so spread out. You got, it's in stocks or it's whatever, like money's everywhere.

401k yeah i think we do something like that i don't know i don't have any i don't i mean we do stuff retirement funds laura's laura's always been a saver so she's a saver so she's always been really good at saving yeah and so and we're gonna hopefully one day have all the money buried with us it's a really good time that's the goal to one day or you set up a kill switch and give it to harper after you yes yes we're doing well yeah we will set up a kill switch to go

And a clown comes to her house. The reading of the kill switch. With a briefcase. And she has to take a fingernail off. She has to show that she's the true, the true, what is it? Something that wants this. The true power to be. I don't know. Yeah.

Robo advisors. People would probably sign up for wheels more if they call it kill switch. Yeah. Cause that's a big problem. People don't want to go do the wheels. Yeah. And, uh, if they said, let's do a kill switch. If you are in the wheel business, you should start. If you feel like I need to drum up some more business, it's hard to get these people in, call them and say, Hey,

have you ever thought about a kill switch? And they're going to go, all right, what is that? And then it's like, and then you go in, you, it's a will, even says will on the thing. And you just, you go, you can't say kill switch, dude. Like you just say that to him. And the guy will, I mean, you would go sign up tomorrow. Yeah. For a kill switch. That sounds awesome. And you gave him, you're like, well, stuff will come into place. Yeah. If and when you get assassinated. Yeah. Here's what will happen. Yeah. Like, oh man,

oh man what if I don't get assassinated though and you're like when you die so they just always say assassinated it doesn't matter when you die but when you get assassinated when you get assassinated and you go I will probably be assassinated I got a lot of stuff on my mind people don't like to hear it

Robo advisors. That's kind of already become a thing, but going forward, AI based robo advisor. Instead of having a financial planner or financial advisor or stock guy, computers will just look at your portfolio and basically help you decide what you should be doing. The things that are going to take over eventually, you want to hear from them? Yeah. Here's what I think you should do. They're like, invest more in batteries. Yeah.

And then they start laughing. He's like, these idiots. He goes, hey, have you thought about three-prong plugs? Stupid morning. And then we're just going, is that what we're supposed to do? And making them stronger. I'd get some oil to squirt on them. All right, I'll do it, man. I'll buy a bunch of it.

Have you seen some of these new robots from like Boston Dynamics? Yeah. Some of these. I mean, every year they put out like a new video of it dancing or something. And it just terrifies me. I mean, they look like they put this up a month. I mean, they look like people, dude.

I feel like you said Boston Dynamics. We all just look at that website. You go, you know what? I was on it earlier and I didn't see this. That's the person that looks like a person? That's the robot, man. It starts moving around. They can dance and go pick up stuff. I mean, why are we building this? Jumping. And then that thing's going to be giving you stock tips. Probably not him. Probably not this guy? Probably not. That you can't disagree with.

That's the cool robot in high school. The stock tip is coming from the nerdy robot that got picked on. Yeah, the stock tip robot. Can you dance? He goes, obviously not. That's not why I'm here. That's not what you want me for. Yeah, but these are the ones that take over. Do you go to Boston Dynamics quite a bit?

They have videos go viral all the time, man. They're like Tesla. They're like a big technology company. I know. But do you think you would then go, guys, did you... Earlier I said I watched a video of a man crash a golf cart in the French door. I didn't go, hey, did you guys see the golf door crash site? Do you think you would just go...

Hey, did you see the video of the robot dancing? You know, that's what probably most people are saying. And you go, did you guys see what Boston Dynamics is doing? It's getting pretty nuts over there. And everybody's like, wow, Aaron goes to Boston Dynamics quite a bit. He's on their website. It's part of his kill switch is you got to go to Boston Dynamics and fight that robot.

If you want to get his now negative GameStop stock, the diamond hands, Aaron diamond hands, Weber that held on to until his whole family's broke. Yeah.

Do you think Lucy's mom's going to hear this and just try to get her out of this? I think she'd turn it off a long time ago. Well, I'm saying she might be like, you got to get, you don't want to be with this guy. He's Kill Switch. He bought GameStop at its highest.

I mean, maybe the worst time ever to buy GameStop. It's a joke that they're trying to break the system. You bought Bitcoin at its lowest. Bitcoin at its lowest and sold it at the low to middle list. Not even... The same day as Planet Fitness. It's down $100 today. Yeah. All right. You got diamond hands. You're going to hold on. Diamond hands and gout foot. How high can it go? Theoretically, it can go a trillion dollars. What's the highest a stock's ever gone?

So Robinhood was saying they had to stop because they just couldn't, they didn't have the money to buy it. Yeah, hold on. Look up the... I want to say it's the stock for Warren Buffett, one of his funds. It's like $300,000 something dollars a share. Like how often do they get up that high? So Bitcoin's at $38,000.

So like how, I wonder how often is stuff getting up that high where they're getting is, you know, like, so you do buy it at three 25 is not, and not saying specific GameStop, but if you buy a stock and say it's three 25 is like, how often are stocks getting up to 30,000? Like, you know, where's where GameStop is worth buying. Yeah. Bitcoin wasn't a stock. Yeah. Um,

Yeah. But it depends on how many shares you make available too. Yeah. You could have twice as like, what's one share? What's the biggest? I'm saying if he bought it at three 25, how often is it? Does stocks go up to 320,000? Like, you know, is it that often or is it never, are they always around four or 500 and that's about it? No, it depends. I mean, I don't, it depends on how many they have. You could have way fewer shares available and then they're going to be more expensive. But,

But if you have millions and millions, that can be like a cent. Yeah. You know? So it just depends. Warren Buffett's, his Berkshire Hathaway. There you go, Brian. $320,000 per share, you know? So if you got that as... I mean, what could you ever... Yeah, what did it start at? What, like... Yeah, if you bought that... I don't know. If you bought a dollar...

If the share was $1, that means that share would be worth $320,000. So if someone, right? That's essentially exactly what it is. Yeah. And so whatever you buy the share at and then more it goes up is how much money you've made off of it. You can sell it for, yeah. Yeah. Who are you selling it to? You know? That's the... Yeah. Who are we selling it to? Like, who could you sell it to? Why would someone be like, I don't want to buy it from you? Like, if you bought that for $1 and it was up to $320,000 and you go, I want to sell...

Who goes perfect? Somebody who thinks it's going to keep going up. Yeah. And they'll sell it for $600. There's no way. There's no way that someone's going to keep thinking. There's got to be a point that it would stop. Well, sure. So that's what I mean. Who are you selling it to? But there was probably somebody at $200,000 that bought it. Does the company got to give you the money back? What do you mean? If you bought that stock at $1 and it went to $320,000, and then you go, I want out.

oh and then you can't get anyone to buy it how many yeah like who would buy it if you go i want out no well then it's actually worth worth less than that it's worth as much as somebody's willing to pay for it you know so this you're like i feel like i want to sell it for three hundred twenty thousand dollars they're like i'll buy it for two hundred thousand yeah then then it's only worth two hundred thousand yeah but i mean so if someone made a billion dollars on the stock i mean no one they could just like no one's gonna give them the money or billion or like

These GameStop guys that made up $48 million. Yeah. But you don't really make it until you sell it. Well, no. If it dropped, then you'll have to sell it at the lower price. I know, but so what did they say? So if that guy wants to sell that stock, he made $48 million. Yeah. And say he wants to get some of that money out and he's got that GameStop stock all the way to the top. He's got to get someone to say agree to buy it. Yeah. So what if they go, well, no one buy it. Like essentially that's what the...

the stock people are doing. Because, I mean, other people that are making this stock go up, none of those people can afford $40 million. Yeah. And so you'd have to give them $40 million cash, basically. You'd transfer whatever. Well, it's only worth that much money because it can be sold for that amount. Yeah. To other people. Yeah. You know? I know. It's like, who would ever...

You know what I mean? Like with that stock, it's like, why would someone buy that? You're going, I don't believe, I believe it's a waiting game. Well, that's when it starts going down. Yeah. Like, I mean, how are those guys losing? Oh, the guys, because they shorted it. So they bought it. Right. They bet on it to fail. Yeah. And all these guys jumped in and increased the price. So that's how they're losing money. And they have to give that money. Yeah. So the guy doesn't really care about getting up to $48 million probably. He wants them to lose billions. Yeah.

Yeah. And they are losing. They are losing. Because they have to pay. You do have to pay them. You got to pay them back. Yeah. They have to. Who are they paying back? The people that they shorted the shares from. Yeah. That they borrowed the shares from to short. Yeah. Yeah. Which could be anybody. Yeah. Someone goes, I have it. Oh, can I short? So if you had it and I go, I want to short this, I could ask you.

And you give it to me. I don't know if you go to people. I'm not entirely sure how that works. I don't think you go to people directly, but you just, yeah, that's how it works. It's like, yeah, it's all just words. That's what this feels to me. It just feels like it's all words. Yeah, I feel less confident at all. It feels all fake to me. Yeah. And I think it is at some level. Yeah, they could just go, yeah, why do we, yeah, we're not getting to the bottom of this. You're like, why do we even have it? And then it's like, I don't know.

It's like anything. You just talk it, do it, and after you're like... We've been talking this all... And you're back to your original thesis, which is like, dude, do we even need stocks? Do we even need it? Do we even need it? I think it gets to show you... But why not just have numbers that show you how good a company is doing? Their sales. Their sales percentage means this company is doing really good. And you go, I'll go shop at that company and buy their stuff. Because most people are buying their stuff. It feels like it's a game that was invented outside of...

The other stuff. Yeah. It does feel that way. I feel the comments we will get, I will be making crazy sense about one thing. You got to mine through the nonsense that I've spouted. But there's going to be something. Someone's going to be like, I did nail something. For sure. Maybe it's the cool switch. I don't know.

This is more future of money. Cashless society. Sweden already now, 98% of their country's transactions is digital. So they're almost already completely cashless. Most developed countries are going way, you know, there's some less developed countries that are still more using gold. Sometimes. Yeah. Fiscal money, things like that. So.

Uh, data driven currency. I don't understand this really. I understand buying data, but some people they're saying data will be used as currency. 50% of the top 10 companies are now data. You're not, they're not, people aren't making things anymore. Data is the new oil. It says you go back 10 years ago, companies made products and services. Now the top companies are Google, Facebook, uh,

Alibaba. And so it's a shift from the market value to data. If you made up Alibaba, I would believe that. I've never heard of that. What is Alibaba? That's one of the top companies in the world. I know. It's like Chinese Amazon. Yeah. Yeah. Do you know what it is? Let's go to it. Yeah. Alibaba.

Yeah, like data seems weird too. It's like it's going to be hard to everybody to wrap their head around. That's why all this stuff, money is like going off of now just like ideas. Like if the oil is like you at least know it does something and it's how we do this. And so data like ends up, it's going to end up being like

uh, this is inappropriate. This is Aaron. This is a family podcast. Ali Baba. You went to her, Ali Baba.com, a girl named Ali Baba, who just did not, didn't ask for this. Is it? I mean, that's, you know, Ali Baba. I think you had it right though. Ali Baba group. Yeah. Uh,

So, like, yeah, it's all... But it's all, like... It's going to be hard. You're going to have to get my generation, even probably...

You know, I mean, my daughter's generation will probably somewhat get it. Even her kids are probably going to be before. You need us out of the way because we're just, we still don't, we won't be able to wrap. You're part of it. I think you got to go too. You won't, it's going to get too crazy. Oh, yeah. I know. You have too many signs. It's already slipping away. Yeah, you have too many like old things. You know what it's like to write a check. Yeah. Or to write, I mean, I don't know if they're ever going to need to write something.

Signatures, your signature will only be on like, you know, it's like DocuSign or that kind of, you're not going to, I mean, pen, there's not going to be a reason for it. Why would you need it? Yeah. You're never going to be doing it. It's all going to be electronic. So the idea, you know. That's really interesting. And a pen would be a thing. You just never even have to teach kids how to write with a pen. Yeah.

no just be a skill that never uh i mean think about like if you would have invested in pins if you could just in the broad stroke of pins yeah you would be like yeah dude where would they ever go right and now you're seeing it more and more you're like i don't you know outside of the fact that i wrote onions and wiki page on that and i write my set list out on a note card i mean i'm not touching a pin i mean i still sign stuff

But I'm doing some DocuSign stuff now. I'm not even like that's, you can kind of do that a little bit more. So that's going to just become more and more and more that, I mean, I think in my, I think in 10 years it could be, I have a pen just for my notes on my standup. Yeah. And that's, that's it. And cause I, and I just, because I like it. Do you think, do you think a comedian could be automated one day? Like, no, I think people want, I,

People talk about experiences because they're saying you go to the store now, computers are going to be able to do everything, but we're still human beings and we still like entertainment. An idea of an actor that can be, you still want to see Tom Cruise. That's what we like.

That can't go away. You're not going to take that away. I mean, there was a movie last night. I didn't watch it, but with Bruce Willis, I saw the trailer. And it's the idea that it's all surrogates walking around. Oh, yeah. Yeah. I think it's called Surrogates. Yeah. Right.

And so you lay in it and you live in a virtual. So you basically don't ever leave your house. But I mean, you can't survive as a human. You're going to just die super young realistically. Like you're, you're the age will go down because you need to be out the sun. The sun is what the vitamin we need. That's pretty crazy. You know, you're just built for all this stuff. So I,

Some jobs, I mean, we could work our ways out of jobs where we'd be in big trouble because then you go get farmers. You're like, well, they just have robots. All that kind of stuff could have to change. If you could program a robot to write jokes and do stand-up. I mean, you might be able to, but no one wants stuff too perfect. Too perfect is uncomfortable. It makes people uncomfortable. And I think if you had a robot that wrote jokes...

it's going to get too perfect. And it gets too, like maybe he figures some way out and it gets, I think people like seeing mistakes because everybody makes mistakes and mistakes makes it seem real. And then that's what makes people come back to it. So I think if it felt too perfect, it'd be too much of a problem. Now, I don't think we would ever deal with that. I don't, you know, I think people want shows and people want,

You want live shows. I mean, you know, I've been live shows. It'll be tougher and tougher because people don't, you're getting, you know, you get YouTubers and now they're all making this stuff. Well, these people want to go see them as a live show. They don't know how to do a live show. They don't do live shows. So I think the aspect of this is, I don't know if it's talking about the same thing, but the idea of live shows could even go down, uh,

Just because these people can't do them. Yeah. You know? Yeah. And so why are you going to watch it? The human experience, like our personal issues, that's what people find funny. Yeah. And a robot, I mean, I just can't imagine even if the joke was told the same, it'd

They would connect with it. Hmm. But there are some comedians where their jokes are, it's basically math, you know, where it's just like, yeah, I think that, but I mean, yeah, you could have a, you know, Steven Wright, like a one liner. Right. That's what I mean. Yeah. A robot couldn't do like what you do, but, but just straight up,

just like an algorithm of a joke they could figure out. Yeah, I mean, memes are essentially... Yeah. Like, I mean, that's kind of... They've got that so fine-tuned, it's so short of a thing that they figured out some kind of thing for that it makes you laugh.

But I think seeing a live, I think experiencing something is still, that's why experiences I feel like are going up and will always go up because people want to experience things. I mean, that's what people want to purchase more than anything else. Yeah. An actual experience and go see something. Yeah. I think, you know, I mean, they can't right now, but you know, so. One more feature of money that's being discussed, universal basic income.

Some US cities are testing this out now. Obviously, Andrew Yang proposed this when he ran for president last year. Now he's running for mayor in New York. His proposal is everybody, every adult, I guess, gets a $1,000 check every month. That was when he ran for president, $1,000 check every month. His argument is that everything's going automated, like you just said, and that a fourth of the jobs are going to be lost to automation in the next few years. So people are going to need some type of basic income just to survive.

criticism is it's really expensive yeah and everybody just gets a thousand dollars a month uh-huh every u.s citizen 18 and up we get a thousand dollars a month if everybody does it then i will do it yeah that's the if everybody agrees to do it is andrew yang that's the that's the this would he agree to do that

Do what? That means that Andrew Yang gets no more money. He just gets $1,000 a month from here on out. No, this is $1,000 the government gives you every month. No, no, no. It's in addition. Oh, in addition to your job. Yes. Yes. Yeah, it could be. That's just the amount he ran on, but in theory it could be. It could be anything. That's just what he ran on. But now cities are trying this where people try to cut back on poverty. I mean, one of the arguments is it would give you less incentive to try to work.

Just like anything, there's pros and cons of it. Yeah.

Yeah. But there's more talk as automation comes on and takes people's jobs that some type of basic income is something that... Yeah, I mean, if you get to that point where everything's taken away, then maybe they would be... Yeah, I'd love to work, but I guess... But then you're almost like, why do you even need money? You're like, we're all just, you know, you're back to the trade and barter thing, shaving off gold. It all comes back to it. You have to walk in with your robot and a gun to its head. Yeah.

Just, got to bring my family back. That's what he had to do, fight a robot. Who could you beat a robot? Yeah, one from Boston Dynamics? I don't know. Could you beat that robot? All you got to do is outlast it. I think it's stronger, yeah. Wouldn't you put a kill switch on it? I would put a literal kill switch. But then it just kills you and you're like, that was literal? And you go, yeah. He was like, I was just having fun with you. And then you flip that kill switch and now I have to kill you. And you're like, well, let me flip it back. And he's like, no.

And he knows now. All right, that's it. All right, well, I hope you... We solved it, didn't we? Everything figured out. This is a different alibi. That was a way different website. That's Ali Baba. Ali Baba. That's the correct one. That's not the girl, Ali Baba. So thank you guys, as always, for listening. And we appreciate it. And we will talk to you next week. Bye. Bye.

Thanks, everybody, for listening to the Nate Land podcast. Be sure to subscribe to our show on iTunes, Spotify, you know, wherever you listen to your podcasts. And please remember to leave us a rating or comment. Nate Land is produced by me, Nate Bargetti, and my wife, Laura, on the All Things Comedy Network. Recording and editing for the show is done by Genovation Consulting in partnership with Center Street Media. Thanks for tuning in. Be sure to catch us next week on the Nate Land podcast.