Kevin O'Leary's Crypto U-Turn, Data Center Lawsuits, and the $28 Sandwich Rematch

"I'm green, green, you always think I'm so right.

“I'm gonna bet the farm on this thing and you're never right.”

Because karma comes and spakes you like a baby seal." Kevin O'Leary aka Mr. Wonderful is the chairman of O'Leary Ventures and an OG shark who has never ever met an opinion he would not sing out loud. You might not agree with him on everything and I certainly not as you'll hear. I don't know, Kevin. I'm gonna push back on this one.

But you cannot deny that he has interesting and entertaining takes on money. So he is back on money rehab and we talk about his new stance on crypto. The stakes of the Clarity Act which could get voted in or out any day now. Unless the bill passes is stuck here. It's not going anywhere 67,000. Bitcoin will go nowhere if that bill was not passed.

"Why the data center debate is so, so spicy?" "I don't know how many lawsuits I've been hit with for just data set." "And we create a financial health checklist that gives you license to treat yourself." "Or at least we try." "I started this conversation by asking for a truth."

"Oh, it didn't work. Shame on you." "I will not be ashamed." "I'm Nicole Lappen. The only financial expert you don't need a dictionary to understand." "It's time for some money rehab." Kevin O'Leary welcome back to Money rehab.

"Great to be back. Love this place." "I love when you're here except for the fact that this time you did not bring your little friend." "Did not bring the libubu back?" "No, I didn't. The boobu is no longer with me. It died a tragic death. It hung off my back until it just looked so rady that I think a dog stole it."

"So plus I was going into some crazy meetings internationally with not everybody gets it." "Like the boobu's aren't as hot as you would think and let's say Zork." You know, that kind of thing. "Wasn't the vibe?" or, "Yeah, you know, UAE wasn't quite hip with it." So, you know, it caused more friction than excitement. "I mean, you have a lot of stick going on. Like you have the gold jacket and the lobster necklace and the two

red watches in the libubu, but I will remind you that last time you were here, I offered you

$5 million for the libubu."

"Yeah, that was probably a mistake, but I think I've done quite well since that offer. And other things, controversial stuff. You know, I think, and this is controversial itself, people say, "Why are you such a social media whore?" And I say, "I'm advertising my entrepreneurs every day. I am reducing their customer

“position cost and I'm increasing their return on ad spend. That's what I do. I invest in them”

and I do everything in my power to get their story out there on every media. There is. And you are part of that. I mean, you got this thing's very successful in case you didn't know. "Thank you so much." And so, I wouldn't be here to get into it. "I would not be here if I was going to waste my time. I'm being honest with you. This would not be something I would do unless I thought I would get something out of it. You'd get

something out of it and my entrepreneurs would get something out of it. That's being honest." "So, you're a self-professed social media whore." "Yes, thank you. Very proud of it. Pretty good at it, too." And I think you kind of fall in that category too, by the way. "Are you calling me a social media whore?"

"I think you're on social media. I didn't say you were whore, but you're out there." "I mean, I think that what you bring up is a very important point when you're doing it strategically and you're investing in companies. You're not only putting your actual money to get equity, but if you have sweat equity or value that you can add on top of that, then you're only increasing your own investment."

“And it's measurable. So, what matters to our team and I say team, because even since I saw”

you last, it's doubled in size, we try and optimize engagement. If we have a story to tell, we want as many people to hear it as we can. It's very noisy out there. There's a lot of competition for people's minds and eyeballs and time. And so, I ask myself that all the time and trying to distinguish between what is noise and what is signal, which I think is what should live your life. So, I'm going to then call myself a social media signalist. "Very good. It avoids a little controversy,

which sometimes isn't bad." "Listen, if I was not in business or if I was not investing,

you would never hear for me. Ever. I would be under tree reading some poetry. The reason

I'm on social media is not for vanity." "No, I get it, but I mean you're building a business here. That's what you're doing. You're an entrepreneur. This is a medium that you have found a way to optimize, right? You got a team. They're doing it. You know, I'm very selective now on where I burn my time, particularly on podcasts, which are long format. They're long format. So, time. The most valuable commodity there is. It's the only thing you can't get back.

but I wish I could buy more time with it. But you can't, unfortunately.

Okay, so we agree on this, which is crazy because the last time you were here, we fought a lot.

“Well, I hope we do it again. Okay, let's do it. But I think we can find some trusses, though.”

I'm using money to buy longevity. I'm trying every possible methodology to extend my cognitive health immobility that I can. I'm experimental treatments and Dubai. Complete radical change in diet. You know, actually. Oh, is that big? No, I'm, here's, here's the debate. Mike, one of my longevity guys, a guy respect a lot. I've got about six of them now. They're all different specialists. He said, "Why don't you, why don't we start micro-dosing

LP, you know, ozampic?" Here's the needles. 2.5 is the measure. You're going to stick

with it in your stomach every single week. So, this was just before Shark Tank started taping. I thought, "Do I want to mess with my brain just before I go on the tank?" That's probably not a good idea. I'll wait till I get off the tank. And then something else came about. And I said, "Yeah, do I want to stick that in?" Because if you listen to people, it changes a lot of stuff. Like it's, it's going into your brain and messing with, you know, receptors.

That's not, it's not a magic fix with no side effects. Well, so, they're in the fridge. And I just, two days ago, before I flew here, I was shooting a commercial yesterday. I reached over the bag of the needles and grabbed a bottle of wine. I was thinking to myself, "I don't want to do that. I'd rather force discipline on myself to eat better food, maybe, which I can do, that's something I can do."

But there's other things coming up with, um, L.P. ones that are interesting. About heart, about brain, about Alzheimer's, all kinds of claims that haven't heard any negative

“ones yet. I think verified. We should do all the disclaimers, all the--”

No, no, I'm not telling anybody to take this. I'm not taking it. You asked me to say, "No, I haven't done it yet." But if this keeps, I mean, this drug is getting a lot of accolades. For sure. I mean, I think we can agree that we spend a lot of our health getting well. And then, when we get well, we spend a lot of that getting back to our health. I like that. Because I would like to spend, you know, the analogy for me is, I invest in so many

things, why not invest in myself. Like, why not put a lot of dough into me, which I think is, I don't mean watches. I mean staying healthy. That's it. So, I don't think I've ever felt better than I feel now. And a lot of that has to do with sleep management, I think. People don't get enough sleep. It matters. How many hours are you sleeping? Seven hours and 20 minutes a night. Not every night, obviously, but I have a system that says you're deficit of 40 minutes, make it up. I'm really

anal about this stuff. And, you know, it's, and the only negative. I don't take drugs. I don't smoke. I work out. Are you very well? It's wine. It's my only problem. Do you also invest in wine? I do. I do. I do. Because you've been out there, too. You mentioned, like, some controversial investments. Not the Lebubus anymore. So, we're bearish on Lebubus. No, we're bullish on collectible. Well, we have to get into data centers soon. That's the big change for me.

All right. Let's fight about it. We have an agenda of fights. Oh, good. Let's go. And you want to talk about the controversy? No, how many lawsuits I've been hit with for just data centers? I've been seeing. Yeah, unbelievable. And so, I don't know what you can talk about there, but, well, I believe us. You know, it's, it's crazy. In the same time that one was filed against me, another one, I won in North Dakota, which is now public. I think they went after me for $100

million. So, clear if I what happened. So, the one that, let's say, let's say, let's do a mouth.

Let's talk about, because I have many lawsuits, but I'm just saying generically. Let's start at 30,000 feet to talk about the society we live in and the role of litigation in business and

“investing. That's the best way to start. So, it almost sounds like you're using as a badge of”

honor. The fact that you have so many. No, I'm not. I don't. I don't want litigation. But what I've realized is, I'm a target. People say, oh, I'm gonna, here's a classic lawsuit. Just sued you for $100,000, $100 million. But if you settle with me my midnight tomorrow, I'll walk away for $250,000. There was a time when I would do that. Not anymore, because that just invited more of that behavior. Now, here's my new mode of operation, because this has been going on for years. Okay, I sued you for,

After going through the whole process, the judge threw it out. They said the claims were frivolous and had no merit and just false. But that's not where the journey ends for me. The case is over, but the journey is just started, because I want to know who were those people, who paid

them to do that? How how did that happen? I've never talked to them. Their journey is just starting

with me now. And the reason I have to do that is I have to show others that are considering doing the same thing. What that journey looks like and what it costs. It ain't free. Because you can start with a contingency lawyer that's probably, I don't know yet, we're going to find out through the whole discovery that said, look, let's just slow Larry for $100,000. I can probably get a million

“out of muck, you 30%. If they're using the contingency, you're not. So how much are you spending on this?”

I have to hire a real lawyer and pay them a lot of money, hundreds of thousands of dollars just

on that journey itself, just to get to court. Do you know what the bill is? Don't know. I just

got this ruling yesterday. I have to wait and see. But now the journey begins for them, because they ain't seen nothing yet. And it's so important that I do that for them. But mostly to show others, this is the cost of bringing a frivolous baseless claim. This is what it costs, because in America of using a contingency lawyer, it doesn't cost you anything. And that's a problem with our system. In England, if you lose, you pay the other side of things. Any other person has to respond?

Yes. So in these cases of which there are multiple cases, they all have a start, the trial ends, and the other journey begins. So you're giving the message, we don't

“know, say it with terrorists. No, I can't. I tried. So do you have a budget? Do you have a limit?”

I have an unlimited budget, because every claim is always 100 million or a billion or five

billion. It's all, you know, the FTX litigation, which I was just one person in, that was five point two billion. Like, that's a lot of money. So they just keep, nobody sued you for $10. Like, so we're in a very, my point is that the 30,000 foot level, we're in a very litigious society. And people use it as a tool, a weapon in business, and I understand it, and I appreciate it, and I respect it. And I now play that game in a different way,

because no, I understand how it works. That's my answer. That was a long answer. I mean, some of what's been going on with the data centers. We need data centers. I was an early

“investor in SpaceX. I'm on your team. We need to get more. We need them in America. Yeah. I think”

we can agree on that. My concern is that some of this rhetoric that's been going on specifically about the Utah case, calling names, and the rest of it is not, you know, Kevin, not great for our cause, because you're giving the opposition an ad of what you're saying about them to use against this really important cause. Yeah. But, and you brought up a good point earlier. That's an active complaint. So, no, I'm not going to talk about it. It's going to starting it's journey now.

However, I will say on a categorical basis, I agree with Senator Cotton on the investigation. He asked the DOJ to start, and allegedly has started about the Singham Network. I agree with the President's comments last week about foreign entities interfering using, we have freedom of speech in America. We can go out there and put stuff out there because we believe that we have the right to do that. But our adversaries know that too. You couldn't do some of the things that

happen in America and China. You'd be gone. They control that. We don't do it the same way. So, if you're an adversary and you want to have influence on any sector, I think the sector that is more interesting to look at is not data centers. It's power because you kind of have a data center without power. And if I look at what happened in the last two years in China, which I think is our adversary. Would you agree with me on that? Yeah. But what I'm saying is that we don't want

to be adversarial against different states. You know, Maine has put a moratorium on data factors.

But why is that? Let's ask that. Do you tell me? Okay. So, where did this claim come from that data

centers use up so much water that it's like the entire water table of a state is going to go

“down 10 feet? All these ridiculous claims. Do you know what uses more water than many data centers?”

A golf course. Why aren't we shutting all the golf courses down? If you really are worried about water in any state, look at how much water a golf course uses because the modern-day data center today does not use water like the ones from 20 years ago. So now we have a closed loop like your car radiator. You use the same water to cool the chips. So you're not using more water than that. And the turbines that you use to use a lot of water now in many cases are cooled or a combination

of water and air or battery and solar and turbines. And in some cases wind. So everybody's got the same problem. But the idea that it's going to create massive amounts of heat, massive amounts of light, massive amounts of noise, huge drain on water. Where did all that come from? Who said that in Michigan or in Virginia where all these claims on all this litigate, everybody that's building power, it seems gets sued. Look, we need more power

period the end. We need it from the land, from the sea, from space. We need it everywhere. But I want us to win as the US. And so isn't it better to join forces against foreign adversaries versus

“doing more infighting? Well, they're not going on. They're UI ground. The only way this is going to”

get resolved and I think Senator Cotton has started this narrative. All of these claims, all of these claims in all of these states and all of this misinformation, cost money. And what he's doing and I totally agree with him is let's discover. But if you if you bring a claim in Michigan, you bring a lawsuit. You open yourself up for discovery. And in discovery you find out who's paying for what? That's the nature. So all he's saying is let's dig in. Let's lean in and find out where

is all the capital coming from that pays for all of this because it costs money. And I think if you and I talk again in 12 months, maybe 14, 18, I don't know how it's going to take. We're going to find out. What you're saying, I think I can read between the lines and I'll say this, not you. If you do a financial colonoscopy, essentially, which is what discovery is and follow the money trail and see where the money is coming, that perhaps some of your claims that you've alluded to.

Well, I'm not talking about Utah. I haven't said anything about Utah. About that some of it might be coming money might could be coming from China or other places. But I'm saying that on aggregate nationally, not just for power or data centers for elections, which are coming up, who funds all this stuff is the question? And so I think there should be

total transparency on where the money comes from. I always say for everything that's, you know,

that requires capital to move the needle. Be transparent. Didn't you want to get to the heart of any story if I'll have the money trail?

“Yeah, that's what I point. I think that's a reasonable assumption. I think that's the right”

thing to do. I don't know what's going to happen in any one state over another, but you know, do I find myself as one of the 15 groups that develop data centers under tremendous scrutiny? Yeah, I do. I mean, it's not, it's not, I'm building an Alberta. I've got one in Norway. I've got what in Finland. I don't see people pick it in Norway. They try and bring those jobs there. They want them. Those are successful up and running power and data center facilities.

Okay, now that we're taking a poll stack on all things power, we have to get help me untangle

your thoughts on crypto lately because at first, you own 27 coins. Then you say it's going

250 for Bitcoin. Then you say, "Pupu on the Pupu coins. Where do you stand now, Kevin?" Well, I'm glad you brought it up because when things change, I changed my strategy and so what has changed since last time you and I talked about this, let's just go through the list. October last year, third week. Let's take a snapshot of what occurred. There was a lot of optimism that the genius act had just passed, which made stable coins

legal and they're not being used for legal tender. USDC, Tether, all that stuff, they're being used

day duration. That's a known thing and it's been adopted and it's being adopted. What was assumed

“is right after that bill, the Clarity Act or the Infrastructure Act, it was called back then,”

which would finally make a determination about what is Bitcoin, a commodity or a security.

What is it? Let's rule on it, make a decision and then decide which regulators going to oversee the policy. They did that in March, essentially calling it a commodity. But the Act has still been stalled. The Clarity Act, it's right now in front of lawmakers as you and I speak and there's a lot of hope that this time it's going to pass with a lot of regulation in it. For example, not allowing interest on stable coins, but a bank and pay you

interest on cash seems a little unfair so they've got to work all that out, not allowing a president, to any president, to profit on the trade of coins is also being contemplated in that Act.

“And other things, but mostly what the most important thing is is that it would make it easy for”

institutions to say, well, my compliance department has now seen its law and now I can own 3%

waiting in crypto. Back then, I had 27 positions here. Here's what happened. All these institutions,

big ones, the sovereign wealth funds started doing their analysis for, because I remember there was a conference, the Cantor conference that was going on in Florida at the time. And I spoke there along with many others about this situation. It wasn't even in dilemma. If you do the analysis and this is the part that nobody did, the whole crypto industry was saying, you've got to own this, you've got to own that. You need a little bit of this, you need a little bit of that, you know, that whole thing,

like which blockchain, yeah, what was going to make it? Some young analyst, I don't know, who said,

hey, boss, I don't know anybody crypto, but you asked me what positions we have to put on to get

exposure to the market. And you said, you only need two, you get 97% of the volatility, the entire market with Bitcoin and Ethereum. The rest, our Pupu. And he was right. And all the Pupu coins collapsed. They, they lost some of them, 90% of their value, a total dire, it was diarrhea on crypto. It was all over the floor. And everybody out there trying to tell their story about their Pupu coin went, what happened to my Pupu coin? And at the same time that was happening, you asked me for the

answer, I'm giving it to you, okay? The concern that AI was going to change enterprise software

“development. Remember that when all of a sudden the software companies started correcting”

and multiples because people were using Claude to write code. So if you're writing code to make a blockchain, and you think that has a lot of value, that became into question. So you then became obsessed with Bitcoin and Ethereum as the only five? I didn't get obsessed. I simply sold all the Pupu and I sold the Pupu. I was very lucky. Some of the Pupu before it went to technically zero. I mean, it's trading for, it's all worthless now. I got out of, and I took it and I just bought

three things, USDC, Bitcoin, Bitcoin, and Ethereum. And those came back somewhat, 50% retracement. But the rest of the diarrhea, Pupu, you're screwed. But as information, there's more at the same time the concept of quantum computing emerged, which is horrible for Bitcoin or anything to do with digital security. Because what they're saying now is, instead of 15 years away from quantum breaking any algorithm, Q Day, as it's called, could be around the corner. What that means,

nobody knows. But that scared off, in my estimate, about 10% of sovereign wealth, to say, you know, there's Bitcoin stuff, forget it. Like, I'm just not going to get my head at, why am I going to take that risk if Q Day is coming? So you had all of these things happening at the same time and crypto got slaughtered. Yeah, Bitcoin's down 44%. You're today, the markets have 18%. Well, but if I'm in institution, I don't need anything, is that the numbers don't lie. You just go back and look at

the numbers. Look at 18 months worth of all closing prices, or any price you want, there's no closing price of Bitcoin. But the point is, just look at the data. It's so boring. It says you only need to own Bitcoin. Some people say I don't even need to know your own Ethereum. Why? I just need Bitcoin. If I

figure out, you know, which blockchain becomes the standard for inventory and contract management

in the S&P 500. I don't know which one's going to. That would be an interesting enterprise software investment. I don't know. You don't know. Nobody knows because you can't find a single blockchain that's standard across all 11 sectors. Well, figure is trying to figure that out. Everybody is trying to figure it out. As like the picks and shovels, so to speak of. Exactly. Exactly. But if it's just enterprise software, yeah, I'll trade it at 12 months, both 15

multiple, so what? It's all the excitement of what crypto was going to be and the alternative banking system and all that hype. It just seems like a labubu will go. You know, it's just another

labubu. And I'm not against crypto. I'm a big believer in digital payment systems, USDC. But it was

“just one of those NFT moments. And now as we sit here a year older, I think it was a year when I”

were sitting here. A lot of money's been lost. A lot of money has been lost. So what's your new price target? Unless the bill passes, it's stuck here. Is that going anywhere? 67,000. Bitcoin will go nowhere if that bill does not pass. So you don't believe Bitcoin is digital gold at the area. Is digital oil? No. I think that people like the idea of an hedge on inflation and Bitcoin could be one of those gold certainly is. But until I see the whites of their eyes in an institutional

analysts say they're putting a 1% position on, you know, for all of this hype about Bitcoin,

nobody owns it, not how much you own. It's a tiny fact. I was just looking at this morning.

I was looking at my, am I waiting? All my crypto, which includes infrastructure elements to it, it's down from 19 to 14% of our portfolio. Part of that's price correction. It was as high as 24% once. Which is against, Mom and George, that's rule. Of no more than 5%. No, no, no, I'm talking all of the positions. So you've got a theory in there. You've got Bitcoin. You've got Bitcoin in there. Yeah, you've also got holdings bit zero as a company. That's the one

that has the power contracts in Norway and Finland. It's now a NASDAQ. It's a trading company. I'm a shareholder in that and I just bought it because they have power. They don't care if it's a hyperskiller, it's AI or it's Bitcoin or Ethereum. They just have power, land, fiber, and permits.

“Which I think is the best deli you can have. So you didn't sell any of your crypto?”

No, it's just, it corrected in price 40% as, you know, and bid zero actually was my best performing asset in crypto. I think I invested in that when it was a private company when public, so it's been a good, I haven't sold a share yet. Because I believe that what's going to happen and you talked about it earlier, the real commodity today about all crypto and all things digital, including data centers, is power. We don't have enough other countries.

The lowest cost of power in the world is one cent to kill a what-hour in Saudi Arabia, then Norway and Finland at three to four, Canada, four and a half cents, stateside, six to eight cents. So we're not the cheapest power here. Canada is going to be a big

“winner in this thing. So if power is the winner, why don't we just invest in power and not crypto?”

We had Bill Ackman on the show last week. He doesn't have a dog in that fight. He's like, no, thank you. I don't want anything to do with Bitcoin. I don't want anything to do with crypto. Not interested. Well, there's a good example of how, you know, that fight's already been lost for him. He just didn't care. I'm saying to myself, if the bill passes, which is a bet on the bill, I'm betting on the outcome of the bill and I worked on that bill with aggrity. Here's a go,

Jill Brandt, like way back. It was genius act and, and the infrastructure act or or clarity act were once one big bill and they decided, let's get this thing resolved with, with stable points. Well, you know, but it's, I don't know, Canada. I'm going to, I'm going to push back on this one because I think generally in the market, you buy the rumor, you sell the news, since March. It's been considered a commodity. It's gone into big inflows of ETFs. I bid.

I don't, you know, the source of ETFs. The F, F, B, T, C. It's, it's a poo poo ETF. It's nothing. I mean, I don't think that having clarity go into it is going to do things the fact that have some sort of invest and we already have ETFs. I think it's a bigger problem. It's

So let's give the patient some cold medicine so that the patient's going to get cured. The, the bigger

“issue is the demand, not just the bill. Well, I would listen, you said you think it's,”

Bitcoin's big. It's nothing. In the context of the global market, FX market, currency market, commodity market, asset market, it's nothing. And so it's going to remain nothing. Retryly. It's nothing. That's, I know that sounds like a lot of money. It's nothing. It's,

I mean, Ethereum's 230 billion. That is nothing in the context of global. So I'm going to

wealth holdings. It's, it's, it's, it's lunch without protein. So do you think the better play to get exposure, uh, responsibly is Coinbase Robin Hood? I know, I know, I know, I know, I know, those, I don't know. So those are infrastructure. They're, they're in my crypto basket. I call it that, I actually think the play that will, I'll perform until we meet again. So to speak, we'll be just pure power. If you make, if you invest in power infrastructure, that's turbine manufacturers,

transmission, manufacturers, um, companies that are aggregating power contracts from nuclear and hydro. What's the best place to do that? Well, for me, it's, I'm not recommending this to anybody, but for me, um, the country that's winning countries that are winning or the Nordic countries. So for me, the one that's performed the best has been bit zero, because all it's done is said, I can't, you used to be a Bitcoin moderate cast it away and said, we don't do that.

Yeah, but somebody that's not in credit investor who's looking for a public market exposure. That is public. It's an aspect. So it's a, it's a company on an aspect. I think this, bit zero is, uh, A, A, I, B, Z. That's, that's it's symbol, a NASDAQ. And I'm not recommending

“the stock to anybody. I'm just saying that's what I did to get exposure to power. And, and I think”

I want public markets because I want the transparency and the quarterly reporting, but I'm looking for more bid zeroes, because I think in the next 36 months, the pressure to maintain and grow energy is going to be the winning play in, in all things digital and crypto as, it's a relevant to that, just, you know, doesn't matter. So like the, the picks and shovels. Yeah, but it's more power. Like where did you get it? So somebody has an invested in crypto. You say, don't jump into

the crypto party. Yeah, I, I wouldn't. I, I, you're betting on a bill passing. You're, you're

betting on a bill to go through lawmakers hands, which is always risky, because you will never get

institutional following until that happens. And if it happens, then you could get a double, because you'd have all these people say I'm in the next one percent. But now you've got the Q day, which we talked about earlier. So 10 percent of those people who say no, no, and that, I don't understand quantum computing's risk to breaking the chain. So if you had a quantum computer, you could actually break the blockchain. So could Bitcoin go to zero? Well, it would be

stolen is what would happen. You know, with quantum computing, you're trying to crack a code so you can steal stuff online. It would definitely correct. I have no idea what would happen when Q day comes. But the very fact that we're having this narrative, it might be interesting to

figure out how to invest in quantum computing. Now IBM had a 25 percent correction. It was once

considered one of the plays for quantum computing. And last week, it corrected 25 percent when it missed this quarter. So you got a lot of volatility here. That's a big correction 25 percent

“for a behemoth like IBM. Listen, I talked about this in one of my books, so it's not a secret.”

But I dated the CEO of one of the big crypto companies, and he had bodyguards with him all the time. And it was then that I thought, holy shit, somebody could kidnap this one man, seal all the coins. I mean, we can believe it out. Gross. No, no, it was a. Oh, we can we can believe it out and don't know. I know who that is. That's great. Well, have that work out for you? It was, it obviously didn't work out. But it was crazy to me to see that physical manifestation of the fact that

somebody could kidnap a person and wipe out billions of dollars of coins. Just. Well, steal billions. steal billions of dollars. In fact, that nightmare did play out in a company

Hood just a few weeks ago. He was held, he was held ransom in a car until the company paid in crypto to release him. So, you know, that's that's the nasty side of crypto. It's then really dark side. It's the really nasty side. It's the thing that scared me for a long time. It didn't scare you until recently because you're a bullish Bitcoin stand until now. I'm transparent. I

“tell what I think is the facts and how I listen, I don't recommend doing what I do. I do it because”

I'm trying to manage my own risk. But I think on crypto, we just did a long, you know, analysis of last 12 months. And I think I would say tell me what's wrong with that analysis because it's what happened. All right. Let's play our money game. This is different than when you came last time. So, you'll be in the money bag. Yeah. You find juicy question. Is there anyone that you're financially competitive with? No. I've competing with myself. I'm trying to become a better investor.

So, when you look at Bezos, you don't feel jealous. No. I mean, I, you know, I think he's fantastic. And I, I celebrate Elon Musk. I think these guys are geniuses for what they brought. But I've got my own world to deal with. You know, I have to be sharp for me and my people. So, I, I, I try and be the best Mr. Wonderful, I can be. I mean, I'm not Bezos and I'm not the

“Elon Musk. But I'm doing my thing. That's what I do. You know, and I, and I think that's part of, um,”

if you're an investor or your manager or your, uh, an entrepreneur, you better, but you better worry about yourself. You, you get up every day and you do what you've got to do because that's how you're going to move ahead. Don't be jealous about somebody else. I feel like they're still is kind of like a

billionaire addiction in contest where people, there's always levels of, well, what I've learned,

what you will learn is there's always somebody richer than you. There's always someone more successful than you. And no matter how successful you are, there's always, keep looking up because someone's out there. But while you're moving up the ladder, you're doing okay for yourself and a lot of other people. So don't be jealous of it. Be happy that you're at, you're, you're where you're at. Like, you know, be, I've said this and I don't think it's controversial. You're not wealthy until

you have $5 million in T-Bills liquid. You'd be amazed how many people that you think are wealthy don't have $5 million of liquidity. You'd be stunned. Do you? 100 percent. That's all

I focused on until I had it. And I've never touched it. Ever. I look at it every night and I kiss it.

I say that is my security in case. What do you mean you kiss it? Like you kiss your app? I have a, I have a dashboard, it's very sophisticated software that aggregates my entire positions everywhere, including private companies marked a market in case they raised capital overnight. I know exactly where I stand every night. I kiss $5 million because that was very hard to make. That was really hard to make. We're doing another question here. Do another question.

Okay. So do you have a band crushed on Elon or phasos? No, I thought I, I don't know. Are you kidding? Anybody criticized those guys? It's crazy. Particularly, you know, politicians go after them because they're billionaires, trillionaires. Look at all the jobs they create. Look at all the taxes they've paid. Look at all the changes they made to society that bettered our lives. I mean politics is nasty, but I, that whole thing with Ken Griffiths the other

“day with Montgomery, that really pissed me off. That's how I mean. But go back and look at the”

Howard Schultz testimony that he talked back to lawmakers and he's like, I came from nothing. I grew up in the projects. I did the American dream. I've created so many jobs. They start coming after me. Have you ever Googled your net worth? No, but I get it sent to me all the time. All these estimates of my net worth. What does it say? Well, you can see it's a big range, actually. I'll tell you, I'm a little superstitious about this. My mother said something to me once.

Never boast about your money or one day you won't have any. It's like a karma thing.

Yeah, I was told, always pick up a penny or you're not worth a penny. Right. I mean, I was so, when people say, you know, this, there was a piece that came out last week, Paulina does this

with anybody before. So it took a few weeks to figure out how to do that because she's going to get into private meetings with all kinds of, you know, different businesses and stuff.

And I said, well, what happens if they kick you out of the room? She said, never happens.

Just, I'm your assistant. You walk in. I've got a paper in a pencil and I just watch you work for three

“days. Profile, I think it's called. She's done a lot of people. So I took around New York for three days.”

And, you know, she said, well, I want you to disclosure net worth. I said, I'm not doing it. I think it's very, it's bad karma. But the article's out there with all the estimates in it. So it's not accurate or it's accurate. Listen, how could it, how could anybody get access to all of the different positions I have? How could they ever know? So you never Google it. I, I don't Google myself at all. It's, uh, I don't understand why that's useful use of time.

Think about the challenge of signal and noise. You want to get your three things done every day, including this time we're having here. It's all my list of three things I'm doing today. I'm getting it done because we said we do it. But sitting around Googling yourself sounds like a really perverse, it's almost like pornographic. That's kind of weird. That's a waste of time. Like,

“you don't know yourself. Like, that's crazy. The one that I think it's done, but you don't know”

your stuff. You want to see what other people are saying. Well, what I love is when people are, are doing like asking AI about themselves. What the fuck is that? That is the most perverse thing you could do to yourself. I don't know. I think when you're running a business, you want to know what people are saying about you. If it's accurate, just read your social media. They'll tell you what they think of you. They hate you. You know, if you're in the data center

business, they sure do. What's the most expensive gift you bought someone else? Oh, I mean,

this is always watches. What? How much? Oh. Dear wife, I assume. Well, I mean,

I give watches to business associates, marking closings of deals. I'm very, very fortunate because I know all the major measles and brands. So I, you know, recently I went to Rolex and, you know, when Marty Supreme was got the nine nominations, we didn't win anything, but we got nine Oscar nominations. One of my businesses is collecting cards. We didn't even talk about what's going on in that fact. Phenetics Fest just happened in New York. It was unbelievable. Those cards

that you could have bought for 50 cents in 1952. Some of them are trading for 50 million dollars.

“You just bought a 12 million dollar one. 13.92 now worth 21. How is it worth so much so quickly?”

So what happens is when you buy a piece, the high-end pieces are very liquid. So there's an index called card letter. So what card letter does is it's like an exchange. It looks at every trade of every card every 24 hours. So if you have a LeBron, you know, dual-logo man, Kobe LeBron, and there's another iteration of it and it traded. It's going to mark to market that value. So if you look at those cards, you're going to get a pretty good idea. You could argue,

there's variants, and I'm sure there is. But that card has been a huge win for us. And it's one of many cards. But I decided to wear that card to the Oscars in a Tiffany chain that Elvie Amage, we talked about this a lot. I said, you know, there's a popular cultural thing going on here. Why don't you guys build me a one-of-a-kind chain of diamonds and rubies and white gold? And I'll wear it around my neck because Logan Paul had done that at a fight once. And I thought,

and I know Logan Paul is a great idea. So we built a one-of-a-kind with it was a two-and-a-half

pounds of white gold, 110 carrots of rubies and diamonds, and a $30 million card in it.

In that case, how many bodyguards did you have for that? We had a ton of bodyguards, but we didn't need anybodyguards inside of the Oscars because it was, that was the time of the threat of the the war just started. It took three hours to get into that building. There was dogs and scanning and yaddy yaddy yaddy yaddy yaddy, I want you're in there. Nobody had any weapons. So you were wearing it? I was wearing it. What? How much was the whole thing worth? So 32 million on the chain, okay?

So I went to Dolce and said, "Look Dolce, I'm going to wear this thing. Do you have a one-of-a-kind jacket that would really bring out these rubies and diamonds?" And they said, "Yeah, we do. It's in Rome." And they flew it over and they said, "Look, we'll just lend it to you." I said, "No, I don't wear rental runway. I have to own everything on my body. I have to own it. I'm not going

said. I bet you for the Oscars you're going to sell it to me." And then they went back and forth, the back and forth, and they had a crazy price. It was insane with this. I had to sign an NDA at the end for what I bought it for. But I also had to agree to send it back there. It's sitting in a museum right now, but it's mine. Okay, that jacket is mine. It took six months, or seven months to stitch all the sequins on it. This pictures all of the internet of me wearing

this thing. Then I went to Rolex and said, "Look, Rolex, you know me. What watch is going to work with this outfit?" And I'm going to walk the red carpet and you just bought the rights to the Oscars.

“Your entire executive is going to be there in LA. Would you ever consider selling me the ruby?”

Now, in watch culture, there's this mysterious watch that doesn't exist. That is a, I mean, you've got to be in the watch to understand this. It's rumored that maybe it's out there. It is the grail piece of all watches. It is the white gold, ruby and diamond Daytona, grown men weep, just looking at pictures of this mystical beast. Does it exist? And I got on my knees and begged for it, begged. I said, "Could you consider just

after all our relationship time together?" And I've been a great steward for the bread. I've never

sold a Rolex. I've talked about the importance of the brand. Isn't this the moment to consider if the mystical beast exists that I would have it on my wrist? And then back and forth, back and forth. The morning here in LA before the Oscars, the phone rings, they gave me an address and they said, "It'd be there." And there it was. We opened the box, the entire Rolex staff had never seen it. All the dealers from around, LA came to see it. And for an hour we looked at it, we didn't touch it.

“We just looked at it and said, "It's real." It's real. Did you cry?”

I didn't. And I wore it seriously. I was, I was weeping. It was mine. I own it. I have that piece. Do you know how many people have that piece? Maybe nobody. Like, it's not known. So what was the full value of what was on your person for the Oscars? So that watch, maybe it would trade if it traded for $1.8 million. I mean, people have talked about it. There's other watches, like it, but not that watch that trade around that range. The jacket, let's call that, although the NDA thing,

just under a million. Do you're 35 mil? Yeah, walking around with 35 mil. Now, I'm celebrating art when I'm doing that. I think that's not about the money. It's the possibility of getting those

together for that three hours that made it so magical. Now, they'll never be together again. They're

often vaults all over the place. And that watch, chance I wear that again outside is friggin zero. Like, you know, it's in any way. That's a hell of a story. But for me, I was really motivated by that. It's not, but I didn't want to, people say, "Oh, what an asshole." He's wearing all this, is, "Well, no, I'm not. I'm wearing art." That's what that is. With collectibles is their step-up in basis when you pass it down. So I'm assuming you're passing

this stuff down to your kids. Yeah, you got a very good point here about this. It's an unregulated market. But when we looked at the data, you're bringing up a very good point here because if you go back to 58, and you look at what happened with Picasso's while he was alive, the basis then was a thousand French, for, you know, Picasso oil. That's what you bought it for.

That painting sells for 58 million right now. And if it's stayed in the family,

“how do you tax it? And I think that's what the regulators are going to start to think about because”

this year alone, Walmart will sell 1.5 billion dollars with collectable cards, target 1.1 billion. The entire market's going to be over 5 billion just for fanatics. I mean, I'm really fascinated by the upstream gifting and the upstream basis planning, which I think is really interesting. Unfortunately, you could not do this. It would be gifting to your parents if they're still alive. And then when they pass,

you would get that step up or it would go down to your kids. Yeah, but I think what's going to happen to that market is it will be if the law passes with that, remember tokenizations in that

involved forever. And I think that's what's going to happen because they can't be in light.

They're autographs. So they have to be in a Utah of Alt somewhere and dry evolved. Yeah, and over a certain amount you also have to get it independently. Yeah, but tokenizations liquid. You could get on the card. You could sell half of it off in a token. I think that's where we're going. I'm fascinated by the market because of how broad it is. It's called the hobby and I had no idea that pretty well every father and America's into it. You find that out. But I brought these cards

on cable television. People freak out to bring their kids, the whole class comes in, security guards everywhere and we bring the card out and we just take pictures with a

“kids' love cards. They know it. Everything you need to know is a young entrepreneur. You learn”

trading cards. Went to invest when the Holden went to fold them, what's it trade? You know, betting on rookies in their first year of this winter, loser on a tawny, imagine bought an old tawny rookie with that's worth today, three million bucks. So, all right, another one. Other than your spouse, who would you call to bail you out of jail? That's a good question. I don't think I'd call my spouse. She leave me in jail,

like me. I have so many lawyers. You know, what I've learned? Any of the sharks? I bet you Cuban would do it. Cuban would bail you out. Yeah, he'd bail me out. I believe that. We have a crazy relationship. I got it. So I'm trying to get him back on this. Who wouldn't bail you out?

Barbara? She'd probably bail me out too. I think the sharks have a weird, you know, I always say

about Barbara the only reason she gets to LA as I buy her a new broom every year. I just get out of myself saying that it's too much fun. But we have such a long history together. So many things have happened to us and our families. It's been 18 years. You know, that thing about friends and all that, that show for a while, that was nothing compared to how long we've been on. It's insane.

“18 years, practically no shows get that. Not of this genre of, you know, and I think the crazy”

thing is having basically almost finished this season. It's the best season we ever shot. It's the best season we've ever shot. The products this season, some of them captured that early AI wave. And so the other thing that I would tell you about, and I believe the Shark Tank is really, it's two years ahead of the market in terms of what projects can be on the market. Here's something to think about. You'll find this fascinating.

The dramatic pause. The fastest growth companies on the Shark Tank in terms of sales growth were companies that created foods with zero preservatives, zero sugars, zero additives, and they were really expensive. But they tasted good. It's supposed to shit. It wasn't the fake meat stuff anymore. Full of salt. No poo poo. It was amazing what has been created. That's like the

air one effect. Yeah. Yeah. You're right. But all of a sudden, a new generation that never cared

about what they put in their mouth cares, like really cares. And so. Health is wealth. We're taking it full of salt. Well, I mean, we're talking about people 28 years old. Yeah. You know, so that was a really interesting trend. And there was a lot of those, including ice creams, you know, like frozen foods and stuff that were zero additives, like nothing and tasted fantastic, really hard to make.

“So I think I answered that one too. I'll call you if I get. Which one?”

The round in the slammer. I'm going to call you. Yeah. Well, will you leave me there? Yeah. I'd leave you for there. You'd learn something in there. I did a show called redemption where I did spend two nights in jail. You wouldn't fail me out. I'm joking. Of course, I'll bail you out. Try and stay out of jail. I've been to jail for that show. And I spent. I was booked. And the people that put me there did not know I was on a show. And I was scared

shitless. And it is nasty. It is nasty. You don't sleep very well. Like, you know, you know why most people are in jail two reasons. Drugs and alcohol. When you see the people coming in, it's mostly drugs and alcohol. I would love a good story. Like, you know, kidnapping an alpaca or something across state lines. Okay. This is a good one. Has money ever ruined one of your relationships? Yes. Yes. What's relationship? I'm trying to

remember which one was there's been a few. But this was a business relationship of somebody that,

And so money can really destroy relationships. In the context of marriage, though,

when I wrote that first book, men were in a money and I did the research with divorce lawyers,

it turns out that the majority of marriages that fall apart between five and seven years are from an actual stress, not in fidelity. Most marriages can-- Or financial infidelity, which is the real thing.

“Yeah. Well, that's why I invested in whole cleanup. She's a shark tank deal, and she's doing very,”

very well. We provide prenobs for women online. Every woman should get a prenob. Yeah. We have a partnership with them. Big fan. Yeah. And we together offered a Katy Perry, a free prenob, because every-- She needs one. She's going to marry Justin Schroen,

everything he touches goes to zero. So it's-- She can pay for her own prenob.

It was a joke, but if I had a lot of press-- But also what's crazy is that the more famous you get in the richer, you get the more free shit you get. It is true. Is that weird? I get-- I get a lot of stuff. I get a lot of watches. I get probably three or four a week. There's a lot of new makers, young watchmakers, and I will wear one that I like, and I will talk about it. But I get a lot of stuff, and I don't like, and I don't want to be obligated to anything to anybody. So I prefer

not to get free stuff. I just, you know, I can afford to buy it and use it myself. And so it's sort of debate. All those Hollywood bags, you know, you go to the Oscars, something you walk out of, they're all this stuff. What do you do with the stuff? You know, I give it to the driver I was with all day, because that guy worked very hard. I want to do a reality show where the driver is the bachelor. Yeah. Undercover bachelor, what do you think? You know, what I've learned about

reality shows. When I was at CNBC, they asked the driver when they brought in anchors for auditions, how did they treat you? Yes, it's true. It is true. Think about, you know, you brought up a great topic. Think about how much television has changed since you were there, how different it is today,

“and how, how television is merged with television produces content for social media. That's what”

it does. And it reaches its eyeballs on social media. Well, as you're thinking through Shark Tank segments, I'm sure that's top of mind. What's going to resonate with? Not only is it top of mind, but how many followers do they have? Yeah. So the news, our new strategy on Shark Tank, is we have merged our social media of the show with those streams of the sharks. We have a massive collective of followers. And so we cord our team's coordinate, we coordinate with the network,

we coordinate with, you know, the actual entrepreneur. It's like a ballet and it's working. I mean, it's, you know, my kids see my stuff. They don't have TV. They, you know, last question, I think, I know it's the best one. Oh, is that right? Save the best for the last? You know, the kill Mary fuck game? Yeah. All right. So we're doing the PC version, where it's kill Mary fire,

“we're making the business version. Nancy Pelosi, Elizabeth Holmes, Kathy Wood. Well, I think it's”

a form of ranking, isn't it? Really, right? So I, but I have to tell you, I know Kathy Wood. And so I very much respect her as an investor. And we do have a lot of narrative, particularly with crypto and things like that. So she's at the top of the pecking order. Do you marry her?

Yeah. Obviously you have an amazing marriage already. Yeah. Yeah, I get it. You know, Linda's

going to put up with this bullshit for a minute here. I have a lot of respect for Nancy Pelosi because I met her years ago. The amount of tenacity she has, the amount of just constant barrage of abuse she takes from the other side. All politicians is extraordinary. I mean, she is like a- Yeah. Well, there's a lot of speculation about that. Elizabeth Holmes is a fascinating story, isn't it? Because I think she got caught in a rabbit hole. At some point she knew, oh,

fuck, this doesn't work. But I- and rather than just say, "Look, everybody, we lost our dough," which is really hard to do. You think you can do it. It's not easy. You try and squirm out of it. And she got caught. She's gonna feel sorry for her. She's in prison right now with the children outside. I mean, that's tough. You know, that's really tough. I mean, I don't know that personally. But,

but I know that within that space entrepreneurs are, you know, she's one dealer, one funding away from it being okay. Yeah, you take a lot of risk when you strike out on your own. People don't

“consider that risk. But what do you have to do to be successful in the entrepreneur? You really”

have to work like insane amount of time, but also be lucky. So you would fire her? Or you would kill her? Who would you kill? I guess I'd have to kill those with homes. I feel bad about that, you know, but I- I have too much respect for Nancy Pelosi. I don't agree with any of her policy.

None. But I've been on that side of politics. I have never seen the dark side until I did it myself.

Here's the difference. Celebrity, which I now live with, people just like you or they're like you. A lot of people don't like me because they don't have the mean shark and all that stuff. When you become a politician, 50% of the population hates you and some of them want to kill you. I've experienced that. That's a whole difference. You've had death threats? Oh, like yes, but that was when I was running for leadership of the Conservative Party in Canada. I've never been threatened

before legitimate threats. You know, and I thought this is crazy. Like this is something else, and it's not just all politicians. It's a thankless job from that context. You know, and

well, let's are flying at them. We're at a very contentious time now.

I've had death threats on these data center projects and my families had them. In one case, the FBI went to the woman and because we call the DOJ and said this looks credible. This is too crazy. So it gets my daughter. She was freaking out. So they went to see this woman and I don't think she'll be making any threats. It's something very sobering about a

“bunch of SUVs with the sirens on coming to your house. I think like that's what happened to her.”

So the FBI does their job and I'm thankful for law enforcement and I thank them and it did stop that particular situation. But I think, you know, in full circle, the way we're going to get out of this mess on all data centers in America is get the fact. So the industry itself has done a very poor job and I'm part of that explaining how these things work. It is the stuff scare you. Is it the hate scare you? Yeah, but, you know, I've talked to the other guys that do this. The data

center development is actually real estate. That's what it is. This reminds me very much of what we used to do in climate control storage for pharmaceutical companies. We'd build these buildings and we'd have to lease them or we'd have to buy the land and build them and then lease them.

We needed power, less obviously. We need zoning, all of it. And there's always some elements of

the community that's against it for reasons. Maybe they don't even know. They just start against it.

“Okay, I want to have a truth. Yeah. That's how we came on the show. We had a fight that I've been”

thinking a lot about. You're so wonderful. I forget what we're fighting about. No, no, you're wonderful. You say people who make $70,000 and by $28 lunches are crazy. And boy, if I take a shit for that, I'm not crazy. I don't know. You said they're stupid. I don't want to call people stupid. I want to point something out. Why do that when you can invest it in yourself? You don't need to spend $28 to get 60 grams of protein for lunch. You don't have to do that. You can you can cook a

chicken at home and you can bring it with you and eat it in a sandwich. So I'm just going to say, you can't budget your way into wealth and then everybody needs small indulgences. That's for it. I would. No, no, I don't. I don't. I don't know. I'm trying to shame on you. Shame on you. Shame on you. I will not be shame for eating a delicious sandwich that I can afford. And here's why I would like to propose a truce index. A benchmark that people can follow. Can you buy a $28 sandwich if you

have no consumer debt? A, B, have participated in matches for any retirement plans from your company, have recurring investments, have an emergency fund. If you've done those items, can you buy sandwich? I still just make you 70,000 a year. Yeah, but you've had no credit card balance. So, you know, at north of 20% obviously you're paying more an interest than lunch, I will give you that. But if you're doing all the responsible items with your credit card debt, your emergency fund,

your employer, match your recurring investment. Okay, honey, buddy. Let me answer the question, all right.

Yeah, nothing, nothing takes as good as compounding feels for sure, but why can't you do both?

I bet 28. Honey, buddy, I just won that fight. And no, you did it. I'm buying my sandwich and I'm investing. Click here to vote. Haven't a leery. I click here to vote. You can't find anything that tastes as good as compounding that $28 for maybe 30 years. And is when you're starting at the market rates 8 to 10%. Nothing takes that good. Nothing. And so the point is, I'm right, you're wrong. It's that simple. It's just not true. I think you can, if you've done that checklist, which I think is

a responsible checklist, then you can buy the sandwich you're already investing. You've invested the $28 in the market at compounding rates. 8 to 10% over time. And you are, I just don't want you to waste your money. You're small indulgences. And only the waste your money. It keeps you from binging later on. You can vote here. It is not worth spending $28. I still say that. I don't

“care how many million more people text me about that. I am right. You should not do that. You”

shouldn't look. Know you can't spend $5 on coffee when you're making $70,000. That is stupid. I'm not saying you're stupid. That act is stupid. It's 18 cents to make a coffee at home, okay? Put it in your thermos. You can make it work so hard in life to enjoy your life. You're enjoying your life listening to what I'm telling you to do because you're going to be much better off later in life. I'm protecting you from yourself. Thank you very much. That's exactly.

I think there has to be a stupidity threshold. You cannot just blank at least say, don't buy a sandwich. Don't buy a fancy salad. Don't buy it. You just abuse me like you are right now. Bernie Sanders last week. Oh my god. I mean, Bernie, throw me a bone for crying out loud. I mean, don't ever. That's what he did. Every, listen, even my own daughter and son said, that Bernie is abusing you now. Like you got to stop at the 28th of launch. I said, guys, you know, I'm right. I mean,

this is crazy. I don't even spend 28 on launch. I think that's stupid. What do you mean? Look,

“look, if I'm just going to go into town to do a hit on TV, I think that's what I believe.”

I prepare something really healthy without any salt in it, without any crap that I don't want to eat. And I'll just wrap that up and stick it in my bag and I'll eat that. And, you know, I feel better that I've eaten something good for me. It cost me next to nothing. And I was not to tell you, I'm trying to get 80 to 100 grams of protein. Yeah, but that's not how you made your wealth, Kevin. Well, health is well. You did not budget. You did not wrap a sandwich.

You're way into being a millionaire billionaire. I'm saying you're only making 70 grand. You've got

to figure out a way to save 20% of that and let it compound. So you have a million and a half of the

bank after you've finished. But I want to just point something else around the health factor. I eat a chicken a day because I'm having hard time getting to 100 grams of protein. I don't

“want fake protein. How much is that chicken? Maybe I get 68 grams. How money dollars is that chicken?”

599 to 13. But that's a whole, that's two meals. So I have for breakfast. You may find this. Yeah, but you're traveling right now. I, you're probably eating out. I was, I would like to eat. As a matter of fact, as a matter of fact, when I leave here, I'm getting on the plane. There's going to be two avocados carved in half. Nothing, no, no, no, no, kind of plane is it. This one is a citation 10. Okay, I write my case. So, but the point is what I'm going to eat on it

is going to be half a chicken and a full avocado. So you're spending $13 on a chicken and $30,000 to get so I couldn't do what I do without a plane. I mean, people say I spend millions of dollars traveling, but I go to three to five cities a day. So in this, I have done this, you know, what are we today? Tuesday? Like, I've already been to one, two, three. I've been to five cities since I left. They come here. So I had to get to these places. How am I going to do it? You know, so I'm going to size all of

by the way, I don't buy planes anymore. It's like boats, you know, that whole thing. I basically have a network of planes and I at least, if I'm alone, I don't need to be playing. I just need a fast one.

I mean, it's, you're never going to win the private plane fight, okay? I get it, but I can't do what I

do without a plane. I'm not actually fighting you on that one. Well, you seem to be, you're looking for a fighter. I started this conversation by asking for a truth. Oh, it didn't work. I came to you with all the friends. It definitely didn't work. It's just tragedy. All right, let's go back to the thing we can agree on. Time is your most valuable asset. I'm so grateful that you spent your time with us today. Well, I'm honored. I'm honored. By asking our guests for one final tip that listeners

in life and investing, because this money news network, that's why we're here, okay?

Is the concept of diversification? It has really saved my tiny in the last couple of years.

You know, I could have gotten much deeper into crypto. Didn't happen. I forced the discipline

“at 20% as the sector. Remember that? Remember all that? And then I trimmed those positions.”

I'm not just having crypto. Other things that I was involved in, I said this is too much of my net worth. I'm going to make a change. And then the market did crazy stuff. And because I

“sold some stuff, put into other stuff, I've enjoyed a much better outcome. Because I, you know,”

what stops you from being diversified? Great. Great. You always think I'm so right. I'm going to

bet the farm on this thing and you're never right. Because karma comes and spanks you like a baby seal. That's what happens. That's exactly what happens. So diversification, that's it.