PBD Podcast - The Luxury Housing Market | PBD Podcast | EP 42

Episode Date: March 3, 2021

In this episode, Patrick Bet-David sits down with Senada Adzem and Adam Sosnick to discuss the Luxury Real Estate Market, Donald Trump, and much more.  Watch Video Here: https://youtu.be/AnF0fgl3RaU --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Paul has what is known as a rational. God, we officially live. I wish you would have seen the way Paul set us up to go live, but we're officially live now in the podcast. This is episode number 42 or 41 is a 42 episode number 42. Thank you, Robinson. We have Adam here with us. We have a friend of our sonata, I gem right here.

I a top luxury realtor. You've been doing real estate for how long? The top of the top. And all of Bokeh, she's number one. And maybe in all the world. Yes. No, no, but here she's she's here. Here's all I can say to you. I went to I went to what is that Waldorf Astoria? Yeah, of course. I'm having lunch over there after we had a visit together. It was my yourself, Marcus, me, my wife, and we looked at the house in Del Rey, where you know, the one on the other side, I don't know which one I'm talking about. And no, we went to see a house in rural Palm Yadden Country Club.

I think that was the one. We did, but we also looked at the one with the Rocky Brook. The Rocky Brook one, yes. So I came back, we're having lunch at this restaurant. The girl comes back, I have the flyer sitting right there. She says, so you work with her? I said, I work with who? It's me, Jen, you know, kids, you work with her.

I said, I'm sorry, I don't, I'm confused. Sonata. I said, no, but we just met her real nice. You know, we met her. She says, well, I hate to say this, but I have to say it anyways. I said, what is it? She says, she's a competitor of ours, but she's the best here. If you work with your very good hands on this telling you,

every competitors are giving a shout out. We body salutes, sonata, sonata sells 10, 20, 30, $40 million home. So it's not, you know, it's a different market you're in, but it's good to have you on here with us. For some that don't know, we'll get into your story here in a minute. I think used to be a top VP with the Trump organization years ago. You came out here, you've done incredible here yourself in real estate. And with the current state of things, I think it's probably a good idea. We talk a little bit of real estate. You educate

us on that. And then, and since you're from Bosnia, you also have some thoughts about what Zlatan said about LeBron James. I can't wait to hear your commentary about that. But let's get into some of the time before we get into it. Can we also welcome a special guest back to the podcast? Who's that guy? You maybe. It's good to be back. You've been in Hawaii.

You've been driving. What's going on? I watched what you guys did, what you did with. Yeah. Kai and Tom, it was fun watching you guys. You hosting sitting on this side. It was exciting to see that. I kept your chair warm, but we're glad to have you back. But it's good to be back. I mean, obviously Hawaii was a great experience. It's 12-hour

flight. When I lived in LA, it was a five-hour flight. When you're living here, you got the flight, the stops, all that stuff. Well, we were the biggest event Hawaii had an elite incentive trip. We had about 450 people there. We had, we were the biggest event since COVID. Everywhere you went, it was on the news. They were all talking about it. They were so excited to see tourism coming back. That's really cool. They were so, because that's how they make their money. And Hawaii took a very big kid during COVID, but it was a great experience. You know, good times. I got some thoughts. I'll give at the end of the podcast.

We had a phenomenal time in Hawaii. And now that you're in Florida, Floridians don't go to Hawaii for vacation. They go to the Bahamas, they go to Jamaica, they go to St. Bards, whatever. We like to challenge ourselves. We go to, we move here.

I'm going to Florida and I'm flying the exact opposite direction. That's what that's. That's what that does. But you had an awesome trip. We had a great time. And the tan is on point. Yes, we had here. I'm going to fly in the exact opposite direction. That's what does. But you had an awesome trip. We had a great time. And the tan is on point. Yes, we had a great time. The kids swam nonstop. We ran into arm one from Raffi's place.

He said, you're kidding me. He came out. You didn't know arm one was going to be. I had no idea. That's where taking messages me saying, don't tell me. What are you talking about? I said, I'm a Maui says, you got to become 10 minutes away. Kids hung out.

We had a great come. Now we're trying to get him to open up a Raffi's place on Florida. But we'll see if that's going to happen. me saying, don't tell me. I said, I'm in Maui says, you got to become 10 minutes away. Kids hung out. We had a great come now. We're trying to get him to open up a office place on Florida. But we'll see if that's going to happen. I think Florida needs a office. Oh, yeah. I agree. And you can eat outdoors and it's not like doors.

Not breaking a baby. Exactly. Exit. Sonata, let's get some real estate on it. Let's make it out. Let me give the stories on what we got to cut. Let's go. Then we're going to focus on Sonata and then we'll go into the story.

I think that's the formatting. So here's the issues we got going on today. Walmart is thinking about coming out with the bank of Walmart and they just recruited top to top Goldman Sachs folks away, which they're not just anybody. We'll cover that here in a minute. New York, Wall Street Journal did an article saying the old New York will not be coming back. Obviously a lot of people are thinking the old New York will be coming back. They're saying it's not going to happen. We'll see what's going to happen. They're Dow Jones surges 600 points as Johnson and Johnson announces their new coronavirus vaccine debut. Texas top electric company files for bankruptcy. I think it's a 2.1 billion dollar bankruptcy after what took place

and you would have never thought for this to be taken place. Everybody was surprised by it. We made cover that. Mel Fraud, United Airlines, paying $49 million for scamming the USPS. For years, this was happening. Now they got to cut to check. Buff it. In his annual meeting that he had, he made a lot of different statements.

Number one, he bet on America. He says, always bet on America. Then he talked about fixed income investors, may face bleak futures, bonds will cover that. And some other announcements about him buying back $25 billion repurchase, I mean, when you're buying back shares like that, what are you saying about your company? Confidence, I feel we're going places.

You buy $ billion dollars back. That's respectful with they do. We'll cover that. Chinese businessman charge with stealing G trade secrets. The CPAC speech, I don't know if you guys watch it or not, I watch the whole thing. You know, it's, he made a lot of comments. We'll make cover some of the stuff that he said. He had some issues with that.

And then we have, let me see what else we got here. Minimal wage, Iran nuclear deal, serious strike, Biden administration, urges, urge to penalize Saudi crown prince over the Khashoggi killing. We may cover that. And then Twitter had some stuff. And obviously we cannot do all of this without this Latin commentary of what he said with LeBron James, which just so you know, I'm a die hard slot in fan. I am a die hard slot in fan, but this may be a second.

Same. Yeah. I'm a diehards lot in fan, but we'll go to that here in a minute. So real estate, tell us a little bit about your experience with real estate. How long you been around and what's going on today for the buyer, for the seller, for the investor. What are your thoughts on real estate market today? Real estate is on fire.

I have never seen anything like this ever before. I mean, I've been doing it for 20 years now and I've lived through the recession and the irrational exuberance of 2005 and sixth. But what's happening now is so extraordinary in that the luxury sector is facing such low supply and such high demand that we're all in all and just observing like what's going to happen next. So I'm really fascinated by this huge exodus from New York. I was just talking with Adam earlier. All of the

New Yorkers we know are now living in Florida. So it was all about tax situations, a lot of tax refugees coming down. Tax refugees, wow. And a lot of families who are coming for lifestyle. And it's a whole different bowl game now, particularly when you were talking about corporate relocations, you have Goldman Sachs, you have KKR, they're all coming down here.

And do you think this is going to stop with New York? Or do you think this is going to continue with New York, or do you think this is going to continue? I think this is going to continue. Not just because of tax benefits of being here, but also because people post COVID, or hopefully, we're in the post COVID world, have realized that they want a little more space, they want a little more air to breathe and less density.

So I think it's going to continue like this. It's interesting. You say low supply high demand. So you put a house on a market and we're not talking about 500,000 auto homes, million, two million auto homes, you put a house on a market, 27 million auto house. Boom. Like this. Gone.

Two, three offers closed, done, 30 days, 60 days. And Tim, you were good friends with Tim. You know, Tim or Shada to Tim Elms, who is a genius realtor. He thinks like a time elsewhere. Because his brain doesn't stop. It's just constant. Oh, one time we went and looked at a house. It was the greatest experience.

It was pure showmen. We had such a great time. So we go in, we're looking at this one house. And it's me and Jennifer, Tim walks in. He looks at this realtor and says, right off the bat, why the hell would they put this right here? Why would the builder put this right? This is 1980 stuff.

And him and the realtor get into an argument. Right in front of us, I'm like, then it's okay,'s okay, buddy. And any walks in, where's the pantry? How do you not put a pantry into a four million out of house? You got where's the pantry? Do you expect them to put in the garage? So I'm like, is there an issue going on here with these two guys? So then they go outside. He says, let me see their backyard. There's a pool and there's no fence. There's a little bit of a creek back there. He says, nope, you got to put a fence here. There's going to be alligators there. He says, sir, I've been selling home here for 30 years. There's not a single alligator. I guarantee you alligators are going

to be found in your swimming pool. So at this point, Jennifer just steps away and we're just sitting there. They're going for 15 minutes fighting, we're just cracking up. That's Tim Elms. He represents you very well. This is a partner. He's a good friend of ours. He's a good friend. Yeah, he's a good guy. So he said to me, he says, Patrick, I just want you to know, people who are moving here are billionaires. So if you're going to make an offer, just know who you're going up against.

There are people that have money that don't care about 28 million, 32 million. Get what you want, but don't over negotiate right now because of what's going on. Obviously, we've gone through a few different homes and we've seen them go like this, just our own experience. Absolutely. So how long do you think it's gonna stay buyer's market? Because my concern is with rates, right? We saw last week, the rates went up slightly

and you saw the market respond to it. What's gonna happen when Powell, or whoever is gonna be running the Federal Reserve, eventually raises the rates back to what they're used to be five, six percent. What's going to happen there? Do you think this number is still going to be going up? The market is still going to be going up. I think the strength of the luxury, really,

said market is directly correlated with the strength of the stock market. So it's psychology, right? If you feel really good about your portfolio and you're like, no, I'm staying here, I'm going to buy upgrade. I'm going to buy upgrade. I'm going to buy something bigger. But the rates are impacting more lower up to $3 million segment. So people who need to finance, right?

And however rates are going to impact the stock market, I think then it's going to impact the ultra luxury. So not the ultra luxury. So the ultra luxury, because it's a niche, they're not going to be affected by it. But other folks who are maybe in the 500,000, 1 million, 2 million, they will be affected by the Okay, interesting because is that because the ultra rich keep getting richer and to them, it's not a big deal to, you know, move into place and, you know, even overpay for property?

Pretty much. I mean, it's emotional. And it's a completely different ball game when you're dealing with super rich versus when you're dealing with people with families who have to buy at a particular price. They have very strict budgets. So it's much more emotional driven. And what I've noticed, it's all about psychology, right? So when things are going really well in particular,

during the pandemic, when people were scared, times of uncertainty bring out the best in people or the worst in people. So fear is a very unique motivator even with the super rich clients. So just a trick question for you. What is the cheapest home you ever sold? I don't know, 700,000. 700,000. Okay. So 700,000 all the way up to a 25, 27.

Okay. So 700,000 to 25, 27. What is the, the, when you're dealing with approach, approach with a 700,000 dollar client versus a 25, 26 million dollar client? The reason why I asked that is because, you know, I mean, I worked in finance last 20 years. So I'm dealing with a client that wants to put $20 a month into a term policy and they just want to protect themselves for a hundred thousand or a quarter million. That's all they can afford. I'm just going to put, I'm going to set aside $100 on a mutual fund versus your dealing with a client that's talking about, you know, $100 million, a bigger number.

It's a complete different approach with them. Is it for you as well? It is a different approach, but it boils down to a common denominator, and that's the needs, right? What do those people need? If a family is really driven by relocation, job is here. So he, let's say, a husband doesn't want to commute too far. Then we're just really strictly focused on that. With the ultra-hagnet worth clients, it's a completely different approach and that their needs are, let's say, where my kids are going to go to school.

Am I going to have space for the staff? Am I going to have the ability to work from home? Because most of these clients are big CEOs and they want to have the ability to have huge offices at their home. The pandemic, by the way, has had a huge impact on how people think and what these needs are. Before it was just, I need a house. Now, it's more like like I need a home because I get to be stuck in my home for so long. So my perception of the space has transformed. That's a good point because you're, you know, many people are working for

them for the last 12 months. And Sonata, how easy is it for you to sell people from all other states to move to Florida? If you were the governor of Florida, let's say. We're recruiting. We're coming to Sonata. Governor Sonata. Governor Sonata. to Florida. If you were, if you were the governor of Florida, let's, we're recruiting, we're coming to tonight. Okay. Governor, Governor, Governor,

I'm okay. Is kind of like Governor Perry would go to California and he would recruit everybody and he would do all these radio. If you're a small business owner, you're going through high regulation and you don't like the taxes. Why don't you come down to Texas? You know, well, is that your Rick Perry? That's not what happened to us. That's what we met with Rick Perry. And he brought a Nolan Ryan Donnells and he says, let me tell you about Texas. And then he recrued incredible recruiting approach that they had. But if you were the governor of Florida, how would you recruit people to the state of Florida?

Oh my God. I almost want to tell him to slow down. Wow. Governor, the census, take it easy, buddy. No, it's almost like slow down. Too many hour come in. Is that what it is? It. No, it's almost like slow down. Too many hour coming. Is that what it is? It's like a thousand a day coming to Florida.

So we need to be able to keep up with the infrastructure. And it's so easy to recruit because it's like, look at this lifestyle, you know, and also, it was, the pandemic was horrific for so many people and so many families. And they look at Florida, not just in terms of lifestyle, we go out to restaurants and it's not as strict as most other states.

So they look at Florida like, well, you guys are having fun, like what's going on? It's so crazy you say that, you know, you post Instagram stories and people will say, well, lucky you, you can go to a restaurant, I'm like lucky, I mean, because I live in Texas, and even in Texas, we'd go to restaurants and we go to a lot of big doves. Yeah, of course. But Martin, which I miss, Martin, you know, our friend from France. So we go to to lose and you're sitting there, you're having a good time, create everybody

would send messages. How are you able to do that? Yeah. Why are you able to do down your standing? You come to Florida, same exact thing here. But that's not normal for everybody else. That's normal. I think this is such a bubble. It's almost lull, l and to Florida, same exact thing here. But that's not normal for everybody else. That's not normal. I think this is such a bubble. It's almost La La land in Florida due to regulations during and post COVID due to the weather, right? Due to low density areas. So it's a whole different ballgame.

What's going on here? So easy time recruiting people to Florida. I don't need to recruit them. How often do you hear a luxury real estate agent saying, relax, we don't need you here right now, buddy. I sold enough, stay home. 20 million dollar homes, let me take it easy. Well, let me ask you, opposite question,

can you sell people on Stainham, Florida? Stain in New York. New York, oh, that's a million dollar question. So that's the question, because I think a lot of them are thinking of coming down, relocating the company's families, everyone. So I think that once the weather gets better in New York and once post-COVID time, it has improved. I think a lot of people will want to stay in New York.

But New York, there's something so special in magical about New York, and it's so resilient, I think it's gonna transform. But for now, Florida is a place to be, not just for business reasons and what you were talking about taxes, right? It's the place to be. So what's going on in New York right now?

Like obviously, supply and demand you talked about. Demand is ridiculously higher in Florida. Supply is low, flipping. I mean, we're talking New York and New Jersey, Connecticut, just that whole area. What's happening with the real estate market there are prices down 20% like can you get a good deal on it? Like if you believe in New York and New Jersey

and you're like, look, things are weird now, but by 2022, things are gonna be back to normal. Maybe we're good. What's happening in that market from what you've seen? From what we've seen, New York is definitely down in terms of real estate prices are down anywhere from 25% to some instances,

35. Yeah, so. So if you bought a place for a million bucks in New York, which is a shoe box in New York. Wow. You're condo, whatever it is, because I have a buddy that just bought something like right before the pandemic.

His place is maybe worth $750. That's correct. So real estate doesn't always go up, like news flash. Well, I mean, correct. And you are going to be born up. You're dealing with a black swan. Of course.

So you're a crush. But we're dealing with, you know, you're got really, really crush. And ideally, now you want to sell in Florida at the high and buy in New York. Of course. And the low, because the problem we're having in Florida, a lot of people with such low inventory here

is like you tell them, yeah, I can get you in same number for your house. And they're like, where do I go? I have no place to go. If you sell, what am I going to do? What am I going to do? Do you ever recommend that somebody, this is, I don't know if we want to open up this can of worms on real estate, but sell your house, okay? Get 10 million

bucks put in your pocket sick. Go rent the place for a year or two. Do you ever recommend that? I do. I do. Like cash out and cash out, relax, travel. They don't like the rentals. They just don't. Like if you're that wealthy, you're like, no, I need to buy a place. No, they don't, most of my ultra wealthy clients, like if it's a few months here and there, they'll rent and if it's a beautiful home, of course, they're fine with that, but in their mind, like, they are not renting. They're not renting. Okay. But New York to go back to a question, which is a really important subject. New York real estate is down because it's a black swan event and because people were afraid during the pandemic to be in these high rises and being around so many people and COVID restrictions were so extreme rightfully so at that time because New York

was just a unique place. So I think it's going to take a few years to recover because it's affected people on all different levels. And it's affected how people think about New York real estate. But knowing what New York is about, which is it's extreme diversity and amazing people, culture, restaurants, and the hustle and everything. Yeah, it's extreme diversity and amazing, you know, people, culture, restaurants, hustle, and living. Yeah, it's gonna come back. And now I have clients who'll call me and say,

hey, do you have something in New York that's a steal? So a lot of them are wanting steals in New York as an investment because they're counting, it's gonna take two, three years for it. And you can get steals right now, right? Are there steals? So there are many steals in New York right now. Okay, that's good to know.

So the army. So I just pulled up bank rate and I looked up to see housing, heat index, which state real estate markets are doing the best and worse during coronavirus. They ran call top five. That's awesome. Top five. Number one, you'd never guess it Utah. Okay, Utah.

Wow. Number one is Utah. Believe it or not. What's up with that? It jumped up 10.7% in 12 months. Then it's Montana. Maybe you ought to consider Montana a big good place for you.

Then it's Missouri. Yeah. Then it's Arizona. Then it's Idaho. So Florida is not in the top five. No, it's maybe number six, but it's not in the top five. It's what we're looking at. Then if you put bottom five, bottom five,

check this out. 51 Hawaii. Okay. 50 New York. Bottom five, bottom five, check this out. 51 Hawaii, okay. 50 New York. Then it's Louisiana, Illinois, Nevada. Even Illinois got hit. And but New York 50 it, oh, by the way, Hawaii homelessness was berserk.

Like you can even believe it. Hawaii. Well, it's like the most expensive place to live. It's not only the most expensive, it relies on tourism. Exactly. So New York doesn't necessarily rely on tourism. New York is a business capital of the world, but you've got to keep the business there.

Right. Absolutely. You've got to keep the business there. Sonata, you came, your story is you came from Bosnia. Why don't you share with us briefly your story. Well, we actually have a lot in common in that regard. I lived through the war in Bosnia in 1990, when I need to. I was a teenager.

I was 13 years of age. And so more atrocities and horrific things than most people will will see in their lifetime. And I worked for the United Nations at the time and got a chance once in a lifetime, a chance to come to the United

States to study. And we were refugees during the war in Bosnia. We lost absolutely everything. I also lost my father. And it was a pretty big deal for me to come to the United States because it paved the way to help all my family to come here. We're the first in your family to come to the United States because it paved the way to help all my family to come here. We were the first in your family to come to the United States. Yes, I was the first one.

I came with $200 in my pocket and a scholarship, which was pretty cool and worked really hard and ended up getting my undergrad degree moved to New York, worked in healthcare venture capital and then got an opportunity to work for Donald Trump. So it was the most unusual experience in that, you know, I'm an immigrant. I'm a woman, right? Used to be a refugee and coming to work in the big city was pretty awesome. That's why I have such a soft spot for New York. I love New York so much. In that place people welcome you with your differences with what you have to contribute, right?

And after being there for about five years, six years, I decided. Did they're meaning with Trump organization? Yes. So after being in New York with the Trump organization, with Trump International in particular, I decided it was time for me to have a little bit of an easier life because working, let's say 80 hours a week

is good for a few years when you're young. Is that the expectation? That's the expectation. 80 hours a week. Easy. And after doing that for five years, you come to a point where like, OK, I need to relax a little. So I moved with Blackstone when they bought the book

or resort, I moved here to Booker-Town and I love this little place. And I used to get teased a lot by my New York friends, like Booker-Town, like seriously, it's such a good thing. What would they pee for you about? It's a sleepy town. It was known at the time 13 years ago as the retirement community.

Yeah, yeah, yeah. So not that. So if you moved to Booker-Town, you're gonna have to deal with that as well. Yeah, I mean, that's what they told me when we were coming on you. But like honestly, we came here the way the way they described it was the best. Say Miami, you got Palm Beach, okay? You can even go Jupiter if you want to. Pace and speed of lifestyle. More south, faster, more up, you know, slower. I like a little bit of pace, but not too much.

Bokeh is a good place to be in a middle pacing. So, so you're saying, so you work with Trump, obviously, directly, you guys work very closely together. Was he a pretty intense, high standard guy himself? He was. And was he like one of those guys that's always on where he'd come in to work, he was also working hard himself. He wasn't just expecting to work hard.

Was he also always working hard himself? He was always working hard himself. So, you know, we would start at like 730 or so and I'd be there until 1031 11. And we call him Mr. T. So he would come in in the morning to see who's there, who's the first one in the office work. What time would he get in the office? I don't know, eight o'clock or something. Eight o'clock.

Step it up, Donald. I've already been in the office for three hours, but I'm not you, Adam. Not you. Step it up, Donald. But not you. Adam's a 930 guy. Do you do yoga? That's when you go.

How am I yoga? Yeah, you relax. What time did we start today? 730. So how am I a 930 guy? We started 730. What's the week? You're here at 7. Twice a week. What's the we start today? Seven. So how am I a nine thirty guy? We started seven. One week. You're here at twice a week.

What's a twice a week? The podcast. I got to give it to you. Respect. Every since you started. So every since you started working here, we got you coming here at 30. And that's a big deal for Florida, Pat. Yeah, you know, I tell people from New York all the time.

If you come down to Florida, and you keep that New York mentality, that hustle that you're going to kill it. Yeah you come down to Florida, and you keep that New York mentality, that hustle that you're going to kill it. Because everyone in Florida, I'm sleeping in. Am I going to the beach today? I'm hungover. I was on a, yeah, yesterday, you actually were on a, yeah, that's what I'm saying. Like yesterday was rough. Now I'm back in it, but you understand, like, I totally got it. Am I wrong on that or am I, you are exactly right. So let's go back to some the Trump was a hard working guy who expected his people to also work hard.

Yes. What did you learn from working? Because when you work with somebody like that for five to six years, you're going to walk away, picking up a lot of stuff. What were some of the things you took away from working with them? A few things. But number one was I remember when I first got there in the office. There was a plug that says start from the end. And it took me a few seconds to understand what that truly means but he

is always like get to the point and he never had the time to listen how you got to certain point it was just like start from the end. You know what this is. So this is a recording they made because Adam will go and say some stuff and I'll say what's your point? And now we got a button. Yeah, now we got a button for it. So he would say get to the point.

Get to the point and it trains you how to think differently and that's what happened to me. I immediately get to the point and then it would be like, what's your suggestion? Because coming with problems to him was not optimal, come with what's your point and what do you suggest. Another thing that I learned is like figure it out, which is if your task with discerning for me it was Trump International, I worked with a company called Bayrock, if you were tasked with figuring out who's going to be your target market for Trump, so how

do you get high sparse for square foot? And everything had to be the highest, the best, the most glamorous and everything. So you would go into this process of what's it going to take. And the standards were so high that you knew if you just come up with a little report and he hated reports, you would have to tell him, you know, come up with a little report and he hated reports, you have to tell him, you know, it's the Russians who will want to pay the highest price per square foot. Why? Not because of the location, but because of the brand. This is what you need to do with the brand. So it was really interesting for me, at least, coming from venture capital to real estate development and real estate marketing

in particular, how to understand to maximize the value of a brand to achieve maximum price per square foot. Interesting. And the other thing was, which I think translated subsequently to arena was know your know your people know your audience and if you tried to target very specific audience who already loved the brand you just needed to focus on them you didn't have to worry about Trying to sell to someone else so specific niche work on a niche that you have. Very specific. Riches and the niches, you know, the whole. Okay. Yeah. So those, those were like some of the, the big, big lessons and, and the other one was always beyond, you know, I, I used to work from whenever I woke up, didn't even have time to train, you get ready, you could get to the office, you work, you go to grab a bite to eat at like six o'clock. And oftentimes he would pop in at like 10.30 to the office to see who's still there.

At night. Yeah. And I remember, I remember one that in particular, I was really tired. I was working on a project in Phoenix. So I had taken the red eye and I was at the office. It was like 10 o'clock. I was exhausted and you know just kind of, okay let me just finish this and he came by the office and we're all like,

okay. He's like, you don't have makeup, like where do you look so tired? And I'm like, well I've been you know working hard. He's like, get it together finish and go home. Wow. So like disrespectfully or? No, it wasn't even disrespect, he's like, get it together, finish and go home. Wow. Like disrespectfully or? No, it wasn't even disrespect, it was like just an observation. I didn't take it disrespectfully, but it was like you always had to be on. Well, think about it, think about it. So just so you know, he got his work ethic and his hustle from his dad, but he got a swag

from his mom. His mom was always on and his mom always had the expectation that you got it. Like the swagger was a mom thing. I don't know if you've seen his mom's hair, you know, hairdo what it looked like. Her, her, her, her, her. She had like a boof on. Yeah, like pretty much.

So if you look at it, that's a great word to just say. What's good about it? What's good about it? Have you ever seen him not look put together? Yes. When? There's a lot of photos of him looking sloppies. When?

When have you seen? Sloppy? Sloppy done? When have you seen him being sloppy? You don't see it. If there is photos, it's because there's billions of photos. But the guy is pretty much, you know, put together. Granted. He's always suited and got it and pretend.

And what we get. So, did you ever see him negotiate or no? Did you ever actually witness him negotiating? Yes. What was a style? The same what you've seen in the White House. I mean, he's really like just get it done. He doesn't care how you get it done.

Very intimidating. Like, I honestly have never seen him smile during those five years. So, that's, you know, he's very, very serious, very intimidating. And he would listen, but he would only listen to people he trusts. So people who are in his inner circle, including his children. Got it. And did the people that were in his inner circle

did they stay there for a long time, or would they churn him, burn kind of like politics? No, not necessarily. So on the business side, they would stay with him for a long time, or would they churn him in kind of like politics? No, not necessarily. Okay, so on the business side, they would stay with them for a long time. On the business side, from his assistants to people who worked for him were there for decades. Got it.

Last question for you, about him driving. How did he drive people? Like, you know, there's different ways people drive their teammates, their staff, their salespeople. What was his style? I would say fear based in a way. Really? Yes, because he would have really high expectations. So if you fall beneath whatever that high standard is, it's like you don't belong there.

So not as many carrots in that, you know, he thought that people should pay him to work for him in a way. So many people stay there for quite a long time because once you're in that inner circle, there's the, you know, material and financial benefit. Do people make money working with them? If you will, stay with them long term, you're going to make money. Yes. So you have to get through a certain threshold and certain point in order to make money. So I don't think it's just the environment was really stressful.

It was very competitive. But I think I learned a lot from it. And for me, like, I'm not afraid I live through a war. So unless someone has a gun to my head, I'm not afraid of you. Do you kind of need to have that thick skin to even be in that organization? You do. Absolutely. Like if you're not ready, ready for criticism or the work hard, like that's not the place you should. Correct.

Got it. Correct. Question. Seems like you had a beneficial experience. There were some pros and cons and you worked hard and overalls a net positive, right? And you've worked pretty closely with them. And you're saying you'd be in the office working at 10 PM and you'd show up and you interacted with them. But you're also an immigrant. You know, you live in New York City, like you have

clearly a love for diversity and inclusion and all that stuff. How much, how shocking was it when you saw the switch from businessman Donald Trump to politician Donald Trump? You're like, oh, I can see that. Or you're like, whoa, I don't even recognize this guy. Where did you go with that? That's a really great question because it's someone who's seen the business persona for all that time, when I saw the political persona, I was not shocked at all. And I actually knew how he is

and that he would polarize the country. That was very obvious because he has very strong, very clear set of values, what's important to him and how he is and how he thinks. So if you know how he thinks, you know how he's going to act in whatever arena he's in. So it was really difficult for me that yes, my experience working there was not positive, but as an immigrant, as a woman,

it was really tough for me to see some of the statements, not many statements that he's made and even what's happened in the Capitol. But it's not shocking to me. Because he steers the pot. He likes that. Yeah, I can see that. He enjoys that. He.

I'm not surprised either. I mean, I, I, you just watch him at a print, he steers the pot. His entire career is on a steer in the pot. Like what do you expect them to do? He's going to continue steering the pot. But you know, kudos to you for your story to go from Bosnia, to come to New York, to work for Trump organization five to six years, to come over here after you father passed. You experience all this different mess and you come and you see what's going on with America right now. Sonata, how much do you love America?

I'm curious. I can answer that from mine, but I want to hear from you. How much do you love America from your perspective? I love it. What do you love about it? What do you love about it? I love the freedom. I love the freedom of speech.

I love the fact that you can be an immigrant, you can be a woman, you can speak with an accent, but not think with one and make it in this country. You can be an entrepreneur. I love that. What does that mean speak with an accent, but not think with one? I say that because some people... Yeah, I've never heard that before.

You know, you get underestimated when you speak with an accent. That's at least what I've experienced. And I joke about it, and I heard that from a good friend of mine who's Cuban. And I really took that on. It means that don't underestimate me. I like it. There's two people here with an accent,

and a third one that can do any accent. Or, and I have an accent. We give you an accent. Do a German accent for us. You did. Isn't that crazy? I tell you. Um, don't try to do accents. But don't forget, we also have other accent, boy here. Do a German accent for us. Isn't that crazy? I tell you,

do you want to do accents? But don't forget, we also have other accent boy here. That's a gravo accent. Yeah, that's what my gay German Bruno thing going on. That's a gravo accent. Kai actually speaks, would they fake Norwegian accent, but he fakes it because he wants to speak to an American.

No, let me hear some norwegian. Oh My gosh, some Norwegian or Norwegian accent all about the accent. I is from Norway I am moved to Florida and now I live here while you can do it good for you That's how they speak no, no, that's that's I think that's that's if Bruno were from Norway. Yes She just called you out, bro By the way, guys Shout out to Kai's talent is behind the scenes is so same thing on the topic Let's just wrap this up since we're on the topic because I'm curious by the way, somebody's asking a question here Daniel Astasio I'm gonna get to your question here. I'm not if I got just ask her right now

Her advice to Florida Realtor and her favorite books for realtors. Wow. Advice to Florida Realtors is, give it your all. It's a crazy time. And I think just work really, really hard right now. And be prepared, save all your money, because we don't know how long this is going to last. Let me hear you say, save that money.

Save that money. No, seriously. So work because you don't know how long this is going to last. Yeah, you're say save that money. Save that money. No, seriously. So, so, work because you don't know how long this is gonna last. Yeah, you're right. I think that's very good. The count is may not last forever. I think this is very good. Council.

So, save like you've never saved before in today's economy. Absolutely. Okay. Some people love to spend when the money is there, but I just say, save all your money. Be very, be very, very careful how you plan for your future because, you know, nothing lasts forever. It's crazy.

I'm buying a house right now, and I know I'm not buying at the best market. And I know that. What does that feel like knowing that you're buying at the top of the market? But I know, like we just had a conversation right off camera about, you know, whether you buy structurally, by land, all this other stuff. And we have a good team. I think we're pretty clear on what we're looking for. I think everybody is managing expectation well. And we have a good team. I think we're pretty clear on what we're looking for. I think everybody's managing expectation well,

and we will see what's gonna be taking place. Let me ask you another one last question, just for example, I don't know what you're gonna be talking about. No, no, no, just unreal estate in general. So take off your $25 million hat and put back on your $700,000 hat, right? You said that's okay.

So what advice do you have for our audience who are, you know, maybe they're buying the first time home and you know, maybe they're not in my, I mean, maybe they're anywhere, just, you know, we talked about the list. Who should be buying a place right now? Who, and who should be like, look, maybe you're renting, like, give your advice to the half a million dollar buyer,

million dollar buyer real quick, not the $25 million buyer. Absolutely, that's a really good question in that, you know, most people feel that real estate is their highest asset, right? Like the highest valued asset. So when you're making that big decision, it's a very emotional decision, not just financial. I would say be logical, not as emotional about your purchase. Look for off-market opportunities. That's a big one because most people just look what's on the market right now. Use your resources, your connections, your, you know, people you know to look for things that are not even on the market. Because

there are, you know, things change. Unfortunately in our business, you know, divorce is one of the major reasons for people to want to change their home situation. So I would say regardless of the price range, but 700,000, definitely finance because the rates are so low. Look for good opportunities, knowing that it's about the value. So if you decide to sell in three, five, seven, or 10 years that you're gonna be able to sell your property

and not regret your decision. God, when you say three, five, seven years, do you, is there a certain amount of time that if you buy a house, you're not selling for the next X amount of years. Is there a sort of a rule of thumb? Most people believe it or not, keep it for about seven years. Okay. That's the average. But a lot of people come and tell me, oh, this is my forever home.

I'm going to put a fortune into it. And I'm like, don't do that because most forever homes are not forever home. Don't get too emotional. Don't get too emotional. I'm illogical. I couldn't. So nine homes in 11 years.

Like, if you think about how many homes you've lived in. First of all, crazy. Like, whatever we buy next, I already know it. So I'm like, you know, she's listening right now. Baby, I just want you to spot another forever. I'm just be braced for impact because some's going to happen next five, 10 years that we're going to say, let's go look at X, baby, I just want you to be braced for impact because some's going to happen next five, 10 years that we're going to say, let's go look at XYZ. But let's talk about CPAC, Trump speech.

Okay. And I'm not talking about Cruz or any of the other guy, Matt Gates. I'm specifically focusing on Trump speech. What was your biggest takeaway from what he said at the CPAC? Curious. I mean, this is the first time he came out. So why don't you take the lead? So, obviously, he did his greatest hits, you know, Joe Biden's the worst president we've ever seen in the first month. And the radical left. And by the way, the country has

seems to be doing okay for the last month or two since Biden's like the whole, like the country's going to fall apart and the the communists are taken over. I pretty much enjoyed life for the last 30, 60 days. So distressed free. It was a little insurrection at the Capitol, but who's you know, paying attention to that. But the thing that stuck out to me the most wasn't so much the greatest hits wasn't the talking about how horrible sleepy Joe is. It's the specific singling out of any Republican who dared to cross him. Like if you didn't pray to the golden calf of Donald Trump, he came after you. Liz Cheney, the guy in, he's very outspoken. Adam,

someone helped me out here. Adam. He's in Chicago Congressman Adam Kenna Kenna wits I forget his last name. Kai you got a name for me Adam something Chicago Congressman Illinois Congressman awesome guy All those guys he's specifically singing if you voted not lock-and-step with Trump and you voted to impeach him Or did anything he is coming after you. Yeah. Adam Kinzinger. Sorry.

I knew it was Adam Kay. Who doesn't do that though? I'm curious. Like you tell me what politician or president doesn't come after the person that doesn't call them out by name and singles them out. And you know, so this guy at least is being truthful about who you. So the mistake on his is he publicly shares his strategy. I don't, I don't, but I just want you to know in the world.

And this is not an out, I'll take shots at the areas that he doesn't, but you name you one politician that's not going to remember that. You tell me Obama wouldn't want to come back after Trump to make sure he didn't get reelected. You mean to tell me a bush didn't go come back after you mean to tell me none of those guys do. I see your point. I think you're like clearly that's in their mind, but what we are witnessing is the oral vindictiveness of this man. Like I'm not saying behind closed doors, buddy. That's how I agree. The James Baker book. Okay. The James Baker book. I don't know if you know who

James Baker is. James Baker. A long time Republican. A long Long time he's like, he's the genius behind the genius. He was so logical, right? He was not the emotional guy. It was a logical guy. Let me tell you everything when you go into politics, if you don't know how to play dirty, you ever watch these guys, you're like, you know, what a sweet man, Mike Huckabee is. Like, you know, it's a sweet man. You know, he look his daughter could anyone ever said that. Yeah, he's a sweet. But how come he can't, how come he didn't run for? How

come he couldn't win it? You look at some of these other bank cars and what a sweetheart of a man. Okay. How come he didn't win? If it's W bus, sweetheart, no, George Dobrich, it's not a sweet. He's trained by Prescott grandfather, who was a senator and was trained by father C I a Listen, there's training when you have those kinds of people. There's low key. I'm trying to tell you is there's levels to the game. The lower level you are, the more peaceful, sweet it is, the higher you go, you realize how dirty of a game it is. And if you show any kind of weakness, look, flip it. If Trump doesn't come out strong, what do you think they're going to do to him for

the rest of his life? If Trump comes out and is quite like a Nixon, what do they do for the rest of his life? I mean, they're going to come after him regardless for everything he's done. So I mean, Trump is who he is. It's baked in the cake. He ain't changing. Here, here's my prediction, my prediction. The Donald Trump of 2015, 2016 is officially gone. He is no like his highest approval ratings ever would never reach 50%. He is now baked in the cake, the 30% of the of the country or, you know, the GOP is fractured. We talked about the, the, the Democrats having issues with the socialists on the left, the moderates. It is a clear fracture in the Republican party.

You're either with Trump or against them. If you're just a normal conservative, you know, George Will, Mitt Romney, George Bush type Republican, and there's tens of millions of people like that. You're on one side of the aisle. If you're a MAGA Trump, you know, that whole vibe, you're with Trump. Like you, if Trump said, I'm starting my own party, which by the way, he said he wouldn't do. But if he said, I'm starting my own party, they're going with Trumpism. But, if Trump said I'm starting my own party, which by the way, he said he wouldn't do. But if he said I'm starting my own party, they're going with Trumpism, but he didn't say I'm starting my own party. So I'll never do that. So there's a major fraction that you have. And what we've learned in 2020 in this election,

unless you coalesce and come together as a party, as a unit, as a full on just cohesive unit, you're not winning a general election. Sorry, you could play to your base. All you want, buddy, you ain't winning the general election. So keep doing that. Keep, you know, fracture, uh, fractalizing the, the Adam Kinzenger's and the list chanies of the world and the Lisa Murkowski's and the Susan Collins keep going after them. Clear division to the GOP. And I don't think he has any shot of winning the actual presidency if he does run again in 2024, but he'll clearly be the nominee if he wants that. He'll clearly be the nominee.

Clearly be the nominee. Nobody. And yet his ass kicked even by a dementia sleepy Joe. Okay. What are your thoughts on CPAC? Oh, I'm to you now. I know. No, he's lost all momentum from the Jews.

Bring the country to think about it. I thought it was expected. So knowing his personality, he's very vindictive and he is very firm in how he thinks things should be. And in this, you're either for him or you're against him. I know that, I assume. And I think there is a huge majority of the Republican base that is exactly what you're talking about.

It's much more mainstream, if you will, and more liberal in certain ways that I think is going to be left out. But if he's still interested in running, which I think he will be in four years, I do believe he's going to run again. And a lot of people who were upset about what happened during the Capitol insurrection

will have to decide which way they want to go. Because there are so many Republicans who voted for Donald Trump, not because they love or support what he stands for, but because they want to vote Republican for lower taxes and different lifestyle, right? List regulation. I think it's going to run. I think he's going to continue to do exactly what you talked about, and you know, you ask me, what I love about this country, it's freedom of speech. But he's shown some authoritarian traits that make it more uncomfortable for people like Liz Cheney to say exactly what she wants to say.

So that's the part that I don't like because I grew up in a socialist country where you can't speak your mind. I think in this country, we all came seeking freedom of speech. So with him, it's going to be much more difficult, and I think polarized as we go forward. But I do believe he's going to run. I think, I agree with you.

I clearly think he's the favorite. And if you chose to be the run in 2024, I think what he's going to do is he's going to keep doing what Donald does and just wait until the midterms. And what he'll do is sort of dangle the Trump card for a lack of a better term over anyone running in the midterms. And if you were with him, he will go all in with you.

And if you were against him, he will, like a bad out of hell come at you for the Liz Cheneys of the world and the Susan Collinsezz of the Mercawskies and anyone who voted against him, he will make, he will do his damnedest to make sure they are not elected. And the guy, Kinzinger actually was on the news. I apologize, I forgot his name, Adam Kinziger. He said, listen, in my district, I won 65% of the vote. And he's a Republican, Donald won 52%. So the math's on my side.

And that's something that stop. What do you mean? Oh my gosh. District against nation. I mean, stop. So that's who these is a congressman. I fully get that. I fully, okay, this is bigger than what, what, uh, everything that's okay.

So let me ask you this question here. What feeling do you get when you hear Nancy Pelosi speaking? I don't know in grandma. Okay, fair enough. Okay, would you agree with that Paul? I don't want to offend Paul, because I know he's a dire Nancy Pelosi fan.

He's from California. Yeah, so what feeling do you get when you hear Hillary Clinton speaking? Smart robot. Smart robot, like she just repeats. She's just kind of doing, you know, what, what feeling do you get when Barack Obama speaks? Swaggy. 100%. Swaggy. Swaggy. I love watching his end of the people. Oh my gosh. You know, I, when he, when I watch his interview with Leno or Letterman or you just are like, man,

cool baby cool right. Okay. What do you what do you think about when you hear Reagan speaking? American icon American icon. Yeah, but you know, you look at him. You're like, you know, I like this guy comedy fun all that. Okay. What feeling do you get when you get Joe Biden speaking. Dementia slash empathy. Really? He's a little slow. What he cares?

You can tell he cares. You got a big, hard, slow brain. That's how you feel when you get your joke. What feeling do you get when you get Trump speaking? Nails on a chalkboard. Okay. Now watch this. Yeah.

That's for you. Yeah. And about 60% of the country. No, no, but wait, wait, why I'm going with this? I'm going with you. I'm with you. I's for you. Yeah. And about 60% of the country. No, no, but wait, wait, why I'm going with this. I'm with you. I'm with you. It's 75 million people vote. If you underestimate this, you're going to experience exactly what you're experiencing in 2015, 2016, okay? So now flip this. What do Hillary Clinton lovers feel when they hear Hillary Clinton speak? Are there really actual Hillary Clinton lovers? 100% just go to Connecticut. Just go there and you'd see she's such a sweetheart.

You don't remember when she lost how bad people were crying when she wasn't so much that she lost it was that Donald Trump became the president. That was her hero, right? Go talk to somebody who loves, you know, a, a, or who hates Barack Obama. When Barack Obama speaks, what did he say? He's a terrorist. He's not even American. But they'll say he's proud.

I want to say his mercy to him. He's pompous. He's arrogant. He's this. He's that, right? Sorry. Sorry. Sorry.

So, but the part you have to think about is you're much. You cannot, because I think this is going to get to one area. This is the one area it's going. It's only one question we have to ask. It's only one question we have to ask. Okay. So, it's not about whether you agree with this guy's policies or not. Everything he said was the same thing except for one thing, except for one thing. One of the things he said he's never talked about before. He said, you notice

in what Joe Biden is trying to do to women, did you notice the recent thing he signed where transvestites can compete now in any kind of, what's going to happen to women sports? Why are you going to play tennis? Why are you going to play basketball? Why are you going to do this? So that was a new thing he threw in. By the way, it's so controversial that's similar to what he did five years ago when he said, what? Get him out of here. Oh, they said he got to this. So now, oh my gosh, I can't even talk about this. No, no, he's brilliant in his marketing and his strategy. So why would he say something like that? That is a part and a base on the other day.

I can say what? He's right. He's right. And that's the Democrats always been what? Protecting all, you know, we're party for the women. So that's kind of going to backfire there because, you know, he knows how to play the, the, the, the, the, the vice of game just as good as these guys. He knows how to play the device.

Well, first of all, he's no doubt in this. So you know, his enemies are dirtier than he is. Just so you know, his opponents are 10 times dirtier than he is, but they're private. He's public anytime a person publicly shares their strategies, it doesn't mean they're the dirtier one. The private one is the one that doesn't say anything but behind closed doors is like, let me see how bad I'm going to make your life a living kill. So he's not the dirtiest kind of market.

You agree with this public strategy of airing the grievances? I didn't say I agree. You just heard a woman that worked with her for a high ranking VP work with them for six years, explained to you how he is. Nothing has changed for this guy to run the way he runs things. I mean, I can already see how he runs a sales meeting. I can already visualize how he would drive a sales people. This, this the point I'm trying to get to you.

The only question we have to answer is the following. The only question we have to answer is the following. Can he win without Twitter, Facebook and YouTube? That's it. Yeah. If he can, he's gonna win. If he cannot, he ain't gonna win. It's that simple.

By the way, is he permanently banned? He's permanently banned from Twitter. Okay. YouTube, he's safe. But when you do YouTube interview with him, and if he even comments on saying, you know, you guys know this was a red election. You guys know I won the election.

Fraud YouTube is capable to take that video down because together, not just that, they able to take the video down all the way. Well, YouTube said anybody that talks about election fraud, they're taking those videos down, YouTube made that announcement. So he can't go and say, you know, well, let me tell you something, you know, they really stole this from us, et cetera, et cetera. Look how much hour 75 million. So the question we all have to answer is not even a political question.

I don't care how you feel about his, you know, the wall, 500 miles. The only question we all have to answer is, can this guy win without Twitter, social media? So if you're watching, it's I'm curious, if you're watching this, right now we have 441 thumbs up. We have five thumbs down, okay? So 441 to five thumbs down. Press thumbs up if you think he can win without Twitter, Facebook and YouTube.

Press thumbs down if you don't think he can win without Twitter, Facebook, YouTube. I'm curious to know what people are gonna say. But what do you think? You can get the nail on the head. I gotta give you kudos for injecting the actual logical non emotional question here at hand, because that's exactly the scenario that we should be asking is, can he win without having big tech, you know, by his side or at least allowing him to vocalize his thoughts without Twitter,

there is no Donald Trump presidency. You know, who was it that you interviewed the other day, Oliver North? He said, I wish that Trump would put down the damn phone, something to that effect. Without Twitter, he's going to end without, you know, certain, certain other extent, I don't know if Facebook, Instagram, YouTube, if they're all banning him from the platform, he has two options that he's going to either need to go with the mainstream media, which clearly they're not a fan or he'll need to speak into the echo chamber. That is Newsmax, um, parlor, OAN, and he's just gonna be playing to his base.

And one thing we've known about the sales game or politics is you need to be able to what convert? And if you're just playing to your 30% or 40% good luck out there, Haas, you need to get to at least 51%. So I to answer your question specifically, what's your your point no chance without big tech eyesight? Okay, do you guys agree? No chance he wins without big tech Paul Do you agree without big tech? Yeah, he needs to convert people yeah Eric Can he win without Twitter Facebook YouTube? Definitely not and I think even with it. It's gonna be hard for him. Okay, so that's a good so that's interesting

That's a job guy right there. Yeah, and that's a good. So that's interesting. And that's a job guy right there. Yeah, and that's a Marine guy saying what he said. Okay, Kai, can he win without Twitter, Facebook YouTube? I think it'd be challenging, especially considering like his track record. He's not an unknown. There's a lot of people that were initially thought, hey, let's give him, let's give him the benefit of the doubt in the first time around. But now without that

and also without tech, I see it is very hard for him to... Sonata, what do you come up with? And with the Marine. Oh, okay. With or without? It's with or without because he just lost the support of so many mainstream Republicans, so many women that this hardcore, you know, rhetoric, I don't think is going to get him far because I feel talking to so many clients and friends, you know, as Republicans, a lot of them don't

want to be associated with proud boys, with such extremist groups. And that's sort of the main support group now for Trump. Yeah, so here's here's where I'm going with this If if you look at the Republican party like a sports team right now and they have to draft Somebody right because that's what you're looking at right now your initial essentially you're looking for a Top draft pick to build your team around and you got to have one person like you're looking for LeBron James You're looking for a person to build a team around not a talent like you can't build around carmelo and win a championship you can't build around certain people but you can build around lebron you can build around

koby you can build around certain players right if i'm in that room and it's the 20 big decision makers of the rnc republican party if you don't have a solution for twitter facebook youtube you better start putting it on somebody else of the RNC Republican Party. If you don't have a solution for Twitter, Facebook, YouTube, you better start putting it on somebody else. And by the way, that's, that includes CPAC. That includes a lot of, if you don't have another platform where this guy can code,

cause we're, so imagine he wants to say something. Who does he call? Like, you know, when you want to make an announcement, what do you say, hey, I'm doing a, you know, get all the media out here. Okay, cool. Da, da, da, da, da, da, everybody's doing a, you know, get all the media out here. Okay, cool. Everybody's in front of you 40 cameras. So here's what we're going to do. I noticed earlier today, what happened in New York, I think it's a travesty with Cuomo, the governor, it's time to impede. Okay.

You need that. What is it going to call a? O N is it? Is he going to call news? Who's he going to call? Fox limbo. There is no right. Who's he going to know? You can't even call Fox. Fox is not even going that direction. Fox is also kind of going is no right. Who's he going to know you can't even call Fox. Fox is not even going that direction. Fox is also kind of going more center right. Fox is not going far right. I mean, Tucker stained their hand at least.

They're not everybody's staying there right. So the opinion people will, but not the news people and Fox, but it's not an audience to convert. He converted people on Twitter, Facebook, YouTube. So if the RNC gets emotionally closed behind closed doors by Trump, but they don't have a solution for another platform for him to speak, you just have to be thinking about it. Is it somebody for us to build a run or not? So I don't know.

I think when he gives a speech on your listening to him, you're like, this is exactly the speech that converted a lot of people, inspired a lot of people that wanted to do something with you. Good. Now, right after you gave that speech, what would you do? 40 tweets on Twitter. He can't do that right now. I think the Republicans have clearly two strategies.

They can embrace Donald Trump and play to their base and the people that love Trump and love everything about. They are gung ho. They love him. Love him. Love him. Is approval ratings are ridiculous? Or they can try to convert people and put their money behind someone like a Nikki Haley who a Democrat would vote for it. Let me say that again. A Democrat would vote for a Nikki Haley. Would you vote for Pence? I would not vote for Pence. You wouldn't vote for it. Let me say that again. A Democrat would vote for a Nikki Haley. Would you vote for Pence? I would not vote for Pence. You would vote for Pence. No, I liked, you know, he's just he's just vanilla of the most vanilla vanilla of the vanilla of ever vanilla. If he's vanilla, what is Biden? I mean, what do you know? He's got at least some

rocky road in there. A little bit like some loose track. You got to be sure. No, there's just two. So you're talking about converting. Yeah. As someone who votes typically Democrat. I vote for a Nikki Haley. Yeah, Nikki Haley. I'm coming out and saying a Democrat would consider doing that. If you want to win 50% and not just play to your 30% base, you got to have someone like

that. I think they have to have the mega crowd. Good luck with Trump, y'all. It's not even the mega crowd. I'm not even worried about the mega crowd. I'm worried about you having a platform. I'm not worried about the mega crowd. I'm worried about, are you going to be able to get in front of the big screen in front of these things that you need? Can you get in front of these things and have tens of millions of people here? If you don't, how are you going to influence people? You're not going to be able to. So you know, the whole challenge will libertarian. Well, how come

nobody's paying attention to the libertarian community? Libertarians have a great argument. Libertarians, who was that about that? Well, Libertarians have a great argument. They have a great point. They have a great case. How come nobody converts, but two, three percent because they can't get here?

Yeah. If that was that accent, you did a good accent. Who was that? Some of the more accents. Some of the more accents. Great, great story line. Great story line. Yeah., terrible storytellers. Right. A Joe Jorgensen. How horrible is that? Gosh. Terrible Martin.

You know who Joe Jorgensen is? No. There's a reason for a Joe Jorgensen. It's not the point. The point is that's the point. Yeah, exactly. That is the point. She was the leading candidate in the last presidential election for libertarians. And you as a woman, you probably think Joe is a man. I did. That's the point. It's a woman. It's Joe.

She's Joe was. Yeah. And she would probably identify with a lot of her philosophy. For sure. I mean, you never heard of her. You know, yeah. But the point is, if you don't get that, forget about it. I don't care how, how amazing.

Power of the media. You need it. Extra learning. And he knows how to get it, but if he doesn't get it now with social, it's a different ball game today. You got to be able to get me to hear you out here if you don't have this, it's going to be challenged. Okay.

Let's talk about Bank of Walmart. You guys okay with that? Let's talk about Bank of Walmart. So, why Walmart could become a serious player in banking? As Walmart looks to launch a fintech startup, the retailer is turning to Wall Street veterans to help into moving into the banking world. They picked up two senior bankers from Goldman Sachs, Omer Ismail, the head of Goldman Sachs Consumer Bank, and David Stark, one of his top lieutenants to help lead the retailers

new fintech startup. I don't think in here it talks about markets, but we'll get into that here in a minute. Walmart announced earlier this year that it was partnering with Ribbit Capital, the firm backing fintech startups such as Rabinho to offer financial products for customers and employees. Customers have made it very clear they want to move more from us in the financial services arena, president and CEO Walmart US, John Furner, said in a statement, Walmart's current financial service offering include the Walmart Capital One credit card,

the pre-pay Walmart money card, and the ability for people to cash checks in stores. They're saying if Walmart goes into the banking business, they immediately become one of the biggest if they go into that world, thoughts. I think it's a very smart strategy on their behalf. They have managed to become such an important global player as it relates, you know, just retail, pharmacy. You name it. Walmart just has figured it out.

And I think it's very wise for them because if people are going there anyway, most of America shops at Walmart, right? I mean, that's how it is. I think it's a wise for them because if people are going there anyway, most of America shops at Walmart, right? I mean, that's how it is. I think it's a really important place for them. And I know the company, the capital, the venture capital firm, they invest a lot in cryptocurrency and like really alternative fintech startups and for them to partner up with Walmart, I think it's his baller.

Baller? I think so as well. I think so as well. I think so as well. I like that term. I think shows well, what do you think? Here's the question, Sarah. When's the last time you, the luxury real estate guru shoved at Walmart? I don't know, six years ago. I don't know.

So you're not gonna find Salada long car. I'll go to Tarje. Oh, but I'm not gonna find it. I'm gonna find it. So you're more target than your Walmart. Yeah. Okay, so you will not go to well mail. That is the fancy.

So well, let me tell you my little experience with one well. Where was that this past Sunday? Now that I'm back here in South Florida. Where was that? Is anyone who saw my Instagram? I was on a yacht. No, I was not. I was on a boat.

I was on a yacht. Shout out to my best friend Keith Manin, his wife, Evelyn Manin, who was her birthday, made a great time. That was my Sunday in Miami. Kai, where did I go every Sunday when I was in Addison, Dix's? My best friend Keith Manin is wife, Evelyn Manin was her birthday, made a great time. That was my Sunday in Miami. Kai, where did I go every Sunday when I was in Addison, Dixies? You went to Walmart off of the...

Walmart Sundays. There was nothing else to do. I mean, I was just, I had my Walmart Sundays. So, and part of it was, there's a two-pronged approach here. If you live in Miami Beach or down to Miami, there's not a Walmart for miles. I'm not. So when I moved into, thank you for your, by the way, this guy got me my apartment and I said, couldn't check out the VVNM over there. And you make that recommendation right next to the artist. Thank you. I don't know if you guys

were there to witness this. The day we announced we're moving to Florida, you were devastating. You were devastating. No, not back to Miami. Let me stay in the Walmart as well. You see, very tough conversation about that. Tough, tough. But I'd go to this Walmart and I was shocked by how cheap, yeah, inexpensive things were. Shocked.

I mean, you're talking about in Florida, you know, shop at publics, it's, you know, pretty standard, go to Whole Foods or trade or Joe's. Well, things are a little pricey. You're there. Like, I felt like they were giving things away at Walmart, okay? And slowly, but surely I started getting You know, pretty standard, go to Whole Foods or Trader Joe's, and things are a little pricey. You're there. Like, I felt like they were giving things away at Walmart, okay? And slowly, but surely, I started getting indoctrinated to this Walmart lifestyle.

And damn, you know, things are very cheap. So then I started seeing the types of people that are shopping at Walmart. So it's very interesting to back to this story. Walmart's current financial service offerings include the Walmart, capital one credit card, a prepaid Walmart money card and the ability for people to cash checks in stores. These are not these are not to have people who are buying $25 million houses. These are types of people that maybe make $25,000 a year. So, you know, you're playing like Trump plays to his base.

They are going after low income or even middle income Americans. And what we realized certainly since the pandemic is the K-shaped economy. The richer getting richer, they're gobbling up 20 million dollar houses like it's a gun balls, but the rest of America, you know, the. So America has suffered tremendously in the bottoms on the bottom half of the K-shaped economy. So where are they getting their financial services from? A lot of them are already going to Walmart.

They're cash in their checks. They're doing, you know, their prepaid cards. So if Walmart wants to play to their base, you know, the 25% of Americans who have no financial education, they have no savings, they have zero credit, they've got just financially a mess, you know, and a part of my brand is helping people like this get smarter. I think that they can be a player in the low income, middle income America finance services. Does player mean top five, top three? Can they compete at the top? What does player mean top five top three can they compete at the top? What does player mean to you? Yeah, I mean

Look, you know, FTM followed the money. So They're gonna need the law of large numbers to compete. They're gonna need millions and millions and millions of low-income Americans To say all right. I'm done with Bank of America. I'm done with Chase You know Wells Fargo screwed me over one too many times. I'm a Walmart guy now. I'm a Walmart gal. And they're gonna need. Would you consider yourself a Walmart?

No. But wait a minute, I'm actually serious question. I'd like, what your whole spiel about you go to Walmart the luck, kind of hurts your game a little bit. I was like, you never bring that up on a day like that. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no on a date and you say, Hey, Mary, good to meet you for somebody. By the way, I was at Walmart the other day. At least he'll know that they like him. I will take them to Walmart and see how they're selected process.

I will take them on a date to Walmart. I end. Take any cereal you want. Anything you want, baby, I got you. I don't know. I'll set him as beautiful this time of year. That's true. I wrote, so Paul's going to say something about Walmart.

But before you, that was a nice question. You were going to make a point, you're going to make a point. I was going to ask you this. Walmart opens up the banking side. Would you open up an account with them? Zero percent chance. Zero percent less than zero. Yeah, I'm not I'm not banking at Walmart. Like, no, like, so the fine, not a good lot. By the way, keep this piece and record it. Shopping. Shopping your cereal. I got my Walmart black card, y'all. Go ahead. Go ahead. Go ahead. I think a big part of where they can succeed in this arena is the bank culture in the bank industry themselves. They have a culture, right? It's that eight to five and they're not open past five o'clock. If Walmart offers, because one of their big benefits, because even when

I was driving like from here to Texas, like, I needed a couple of things and I'm like, where's a Walmart at? And I know I can count on them. That's a good point. So if they can do that same thing in the banking industry and be like, Hey, I need to go to the bank at nine o'clock at night. Let me ask you, let me ask you Paul E. Yeah. Would you, who's your bank right now? It's a Southern. Don't say don't say it. Because people may go try to get a money. You start banking at Walmart. You if they offer what I just said if there are more convenient because like I don't go

to the bank anymore, but I need an app. I need an app. You would bank at Walmart. I would bank at Walmart. Boom. You don't go to the bank anymore. No. What do you mean? Because everything you do is online. I think it's online. My bank's in California.

Okay. Fair enough. So, so here's the, here's the follow-up question for you. A couple of things to be thinking about. Do you know 97% of America lives within 10 miles of a Walmart? Let me say this one more time. 97% of America lives within 10 miles of a Walmart. Goes back to your point.

Okay. Do you know how many people per year walk through Walmart? Walk, not, not, if you walk the 19 times, you don't count us 19 times. How many, just one time? Individual. Yeah. 200 million. I was going to say somewhere around two hundred million walk.

But not Sonata. She hasn't been there in seven years. Six years. Well, maybe they're going to get her business now. But why not? Would you, would you consider banking? If she hears about what happened? Well, hear, hear me out for a second, hear me out for a second. So first of all, what is Robin Hood? Robin Hood is for what? Low and come in middle America. That's what they're targeting. Great. Who's Goldman Sachs? When you think my Goldman Sachs, what do you think about high end crime? You need 10 million to get in. If you don't have 10 million, by the way, they only have 400

advisors. Morgan Merrill have 13,000. They only have 400. And they have 400 to say, we don't need 13,000. We only have 400 because we get the cringed of crop. Cornell University, Penn, you know, Wharton, those are the kind of guys that we get that come to us. Okay? Great. But the two guys they recruited, I don't know if you've looked into these two guys are. The two guys that were recruited, Omar Ishmael, was the head of Goldman Consumer Bank. That's what you just read that they say, go ahead. Any of your David Stark, partner at Goldman, David is the right hand guy to Omar at Goldman Sacks.

Omar led the way because Goldman saw what was happening with Robin Hood and others and Acorn. So they started a branch called Marcus Invest. Marcus to get in, you only need a thousand dollars to go into having an account. So Goldman Sachs who has been the cream of the crop, you need 10 million to come in. If you don't have 10 million, we're not even doing anything with you. Unless if you're part of the family, they saw the trend and they said, let's go open up markets to allow people to come in. You answer the questionnaire. Minimum investment you need to make is what? Thousand dollars. Now you got any kind of phenomenal idea,

right? It's okay. Great name, by the way. Yeah. By the way, last year, just the Marcus business model generated $1.2 billion in revenues, 9797 billion deposited into markets. Let me say this one more time. Just last year, $1.2 billion in revenues, $97 billion invested into markets. Last year on 2020, during the pandemic. And this is who Walmart recruited two guys. They recruited smart. So they recruited away the guys who led Marcus to go to Walmart. So now they're gonna go to Walmart, bring that experience from Goldman Sachs. They recruited the main guys you wanna recruit.

They're going to more to Walmart now. 97% of America lives within 10 miles, 200 million people that are visiting Walmart. You got all this business, now you got a banking, all the locations, traffic's already coming in. You know, then the question becomes, who's an ally, who's an enemy? Meaning, who wants to see this become a reality?

Who doesn't want to see this become a reality? Does BFA want to see this become a reality? Does Chase want to see this become a reality? Do they want to see this become a reality? Who does want to see them become a reality? Does a Robin Hood? Does a Goldman? Do the who who is it?

So I think that's going to be the battle. But Walmart, you know, what the number one enemy of Walmart is who? Who's a number one? Amazon. Amazon's a number one enemy. Is this also going to be the first mover where Amazon next is going to want to come up with bank? Is this when all these other guys are going to show you know, we get all this money that's

coming and maybe we got a play ball and can Amazon compete at the level Walmart? And this is an area where Amazon cannot compete with Walmart. This is one area that is it because they have actual stores. Ninety seven percent. Yeah. Ten miles. So I can say to you, 97% of Americans are within 10 miles of my bank called a bank of Walmart. That's very, very interesting the angle they took, if you think about it, because it's what Amazon

cannot directly compete with them in. A couple of thoughts. We were joking about the Walmart thing, and we talked about Goldman Sachs and Marcus. If from an optic standpoint and a branding standpoint and PR standpoint, you can't be Bank of Walmart. You gotta come up with a fancier name or a Marcus type of a thing for it to be a little more palatable if you're gonna convert people. Like if you're already banking at Walmart

and you're cash in your checks there, you're going to bring a Walmart, whatever. But if they come up with a, you know, an attractive name and it's whatever for enough, you know, people will, will be a little more opt to go there. That's number one. Number two, you brought up Amazon, you know, if we learned anything from Jack Ma's aunt group, what was the, what's their whole company that they're doing over there? The Ant Group and Alibaba, the whole Fintech, like you're banking, you're shopping, you got your ID, you got your driver's license, you got your credit card, you've got every financial

service tool boom on your phone, okay? So there's a model out there for Amazon to potentially emulate. And obviously Walmart is kind of playing in that thing. But to Paul's point, does it really matter that you live near your bank? Because banking is online anyways. How often do you go into your bank anyway? So I get it that it's cool to live near a bank. Maybe know where you shop. But don't forget how often you need to do that. You are rich to middle America, Adam. Don't forget who you are. You may not be selling $25 million homes, but you're, you still made

your money. It's not like you're making $50,000. You're in, you don't know what it is to be 50K right now. You don't know the level of trust. Like, you know how, I don't know if you guys got family where they say, oh, I don't trust the, you know, online. I like to go to physical, there's still people like that that want to go to a place. And it's typically folks that make 25, 35, 45, 55,000 dollars. That's their market. So they're targeting, they're on, they're not targeting you.

They're not targeting you. They're not targeting, but they are targeting that. So, yes. I think there's one interesting thing as well that you're not necessarily that you guys haven't brought up at least Walmart has 4,700 locations in America. I mean you Overnight they can have 4,700 locations with a bank

Imagine you know how Apple also did their card where you get certain cashback you get certain discounts and stuff like that Imagine if Walmart does that where you get 2% cashback on on groceries that. Imagine if Walmart does that where you get 2% cash back on groceries. Imagine the 200 million people that go shopping there automatically. I agree. 10, 20, 30, 40, 50%. Over night can switch over and just have an extra car. Well, it's though, it's the look, look at the way they could for them. Good. I love to see Walmart and Amazon. Do you want to see that? I just want to see that. I want to see Walmart and Amazon. Do you want to see that? I just want to see that. I want to see if I want to see a heavy weight matchup because think about when Amazon bought whole foods, you're like, what the hell are you thinking?

And people are like, wow, you know, it's not really a good move. It's just, you know, I'm like, yeah, okay, okay, buddy. So then Amazon, if you're an Amazon, are you an Amazon prime member? Yes. Can you please put in your number? Matter of fact, just coat your app and show the thing QR code, boom. You just got a $9 discount. I pay 99 bucks for Prime and wow.

Okay. So now you go back to Whole Foods, they charge 20% more than a regular place, but you feel healthy when you buy it, Whole Foods. So a funny same thing, you feel healthy when you go to the... Whole Pay Check. Guys are genius, the guy who healthy when you buy it, hopefully. It's so funny, same thing. You feel healthy when you pay. Hold on, check.

Guys are genius, the guy who set it up, by the way. So I don't know. I kind of think this could be very interesting. And I don't think Amazon could compete directly with these guys, not in this area. May I make one more point, which is in the pause, the American Dream was owning a home, right? Now the American Dream is being an investor.

So even if you look at what happened a few weeks ago with GameStop, a lot of these investors and people who are part of Robinhood, they're all their students, they're, you know, people who make whatever they make and they want to feel like they're part of that American dream, which I think there is this huge transformation and evolution of what it means to be successful in this country, and if you feel like you're part of the, whatever it looks like, be it, you know, investment, and stock market, and now Walmart,

I think this is incredible because, like you said, they have a captive audience, they have millions, they probably have details of every single American citizen. Data. Think about the data thing. So the data is, that's where the power is. You have captive audience. So how do you just smartly and strategically incorporate

a whole new segment of business? I wonder if they said then they said, what can we do that Amazon can't do? I wonder if that was the board meeting. Of course it was. What can we do? Like, you know, the whole Blue Ocean strategy concept is you're gonna compete with somebody,

not directly in an area that they're weak. And I wonder if they sat there and the brains in that board was, what's the one thing they cannot do banking? Let's go into it. So Walmart, now you're buying your loan from Walmart, you buy a house, you get So Walmart, now you bind your loan from Walmart, you buy a house, you get your loan, $300,000 loan from Walmart times millions. I mean, that's that can really scale. That can really scale. And, and, you know, as far as the name goes, I mean, Walmart's used to have a new name, Sam's Club, you know, they have, you

know, they don't, Sam's Club is owned by Walmart. Sam Walton, Sam's the founder, Sam's Club, Sam Walton, Sam's Club. Yeah.'s club, Sam Walton, Sam's club. Yeah. Okay. They could come out with a new name. It's not a big deal. You're going to say something. If you look at it, the way Apple has their ecosystem of the apps, the app store, kind of how everything is kept within it. Imagine how Walmart can do that with banking as well. I mean, then you're just controlling. I am a lot of it forward to this heavyweight. Ooh, this could get so interesting. So interesting.

Hey, one thing I've definitely realized, slash learned about you, you light up when you think about competition. Oh yeah. When you think of Walmart versus Am, like genuinely, like, oh yeah, baby, let's get that competition. Are you kidding me?

You love it. Of course I love it. You want to compete. The night Connor lost to Portiaire. I'm like, what, you know, because we wanted to see it could be fight. Of course you love it. You want to compete. The night Connor lost to Portiaire. I'm like, what, you know, because we wanted to see it could be fight. Yeah. Of course you want to see a fight like that, but this, you realize this is the ultimate heavyweight.

Yeah, yeah, yeah. This is trillion dollar companies going up against it. Well, it's like Facebook and Apple kind of talking smack getting into it. That's the heavyweight stuff. I don't think so. I don't think so. I don't think so because Facebook and Apple. No, okay. Okay. Let me. I don't. I can I don't think so. I don't think so because Facebook and Apple. No, okay, okay, let me.

Oh my gosh, I don't know. Can't believe you went over this. So, so Mr. Caldop, I went there. Watch this here. Watch this here. Okay, what percentage of Facebook's revenue comes from ads? Don't say it. What, you know what already?

Well, we talked about that. Okay, so what is it? It's like 98%. 98%. Yeah. Okay. So what is it? It's like 98% 98% yeah, okay Apple's revenue 98% doesn't come from one product So what Amazon and Walmart are playing they're trying to go dominate other Facebook is not playing that game Facebook's playing the ad game Facebook's competition is NBC CNN Data, it's no what I'm trying to say.

All the game their plane is, you're going to come advertise and put your commercials with me. You're going to come spend your ads with me, not with these other schmucks because people are on this year. They're no longer watching. So Facebook's a complete different animal. And by the way, to their to their strength, they're in a position that they're probably the hardest to directly compete with. Facebook's not easy to directly compete with. Who's going to directly compete?

Google Plus try to come out with a social media. So how long do how many guys actually posted more than five things on Google Plus? Never even heard of it. Google Plus came out. It was their Facebook. They got 50 million subscribers month one. They said they're going to blow up. They're going to be Facebook. I never once posted on Intina when when did that one was here? What you're with the point? I never heard of it. You were in that's a me and Facebook plus Exactly exactly. That's a lot. I know I know Google plus like Sonata knows Joe Jorgensen. I just I don't okay. What so so so so here's a question for everybody that's watching. If you think, if you think Bank of Walmart will compete, thumbs up.

If you think, I don't think they're going to compete with Bank of America and all the other guys, thumbs down. I'm curious. We got 636 to 34. By the way, the last one I asked the question, can Trump win without? Yeah. It was three to one, which means three people said he still can. One said he cannot.

So it's interesting to see what the stats are going to be. Well, we know some of the people around us are going to see what's going to happen. So regardless. Okay. So our bottom line is, are you rooting for Walmart to beat Amazon? I think it could beat. I am rooting for Walmart to make the banking industry uncomfortable. I am rooting for Walmart to make Amazon uncomfortable

because you know who wins here. A consumer, baby. You won't buy that. That's why you love capitalism. Yeah. That's why you love capitalism because it works. It's not about you. It's about the consumer. And at the end of the day, you went at the end of the day. It's interesting how you light up when you talk about these kind of things. There's something in your bones that this is in your DNA.

Capitalism, competition. Well, you know, taking over the, here you have a top realtor who worked for a capitalist left socialistic slash communist nation to come to US. You got a guy like me who lived in Iran. What do you want to call that? It's not socialistic dictate. I don't know. Totalitarian fascists. Fascists. What do you want to call that? It's not socialistic, dictate, totalitarian, fascist, fascist. What do you want to call it? Women don't have any freedom. You can't vote. Girls get married at 13 years old. I mean, that's Iran's laws. It's what you're talking about. And then we leave, we go to Germany, we come here and then you can build the kind of life that you got here. Yeah, capitalism works. You work for a capitalist, you work for a capitalist, I work for a capitalist. We're all a capitalist, I work for a capitalist.

We're all capitalist. Everybody, every, every, I, my commission that comes from insurance companies comes from because somebody started a business that's a capitalist capitalism. The only way the socialism argument exists is because of a capitalist. Only way, if there is no capitalism, there is no other arguments. No other ismsms if it wasn't because of capitalism. No isms comes first. The first ism that comes as what? Capitalism, no other ism. You need money to be able to spend the money. And the capitalists know how to make the money so others can come out with their own individual

isms, whatever those isms may be, right? So yes, I'm a diehard capitalist and I will keep saying that for the rest of my life. And I know if it offends you, I know you get very frustrated when I... So I'm a boy community, we're gonna be alright. Yes, I'm a community and you're getting most of that. I love capitalism. I just don't like authoritarianism. No, I don't like... What I don't like crony capitalists. That's what I don't like. I'm not a fan of that part because that's not a great equalizer.

Okay, so let's have a buffet. Is it okay if we talk about another capital? It's a fair to say that Warren Buffett is one of the greatest capital of our era. Democrat. A independent, independent. Read his book. I don't know if you've ever read his book.

You ever read his, what is that one book, snow, huh? Snowball effect. You ever read it to a few thousand pages. It's every week. Every have read it. It's a few thousand pages. It's every week every day. Every two thousand pages. That's his new Sunday. It's so close. Forget about the yachts in South Korea.

He's so mean. If you're watching, I'm reading his annual letters every week. Reading the book. It's actually, by the way, it's actually, if you don't read it, listen to the audiobook. Okay. And I'm recommending this to everybody. You will learn so much about how he became who he is today.

Personal life, marriage, how he manager, what happened to his wife at the end, you know, his parents, the influence of his parents were public and party, democratic party, how he got involved, all of it, fascinating. Anybody could you sell that guy a $25 million house? He was still in his same house. No, no, no, no, that he's lived in for like 50 years. No, he's a different type of a capitalist where you have to save your money and be smart what you do with it.

I like that guy. He's kind of like you. He's kind of like you. That's more like he eats McDonald's every day per breakfast and the market. I think all foods would have been better for him, but he drives a little hard. That's true. But 90 is 90 is doing great. 90 and he drinks.

He says what he drinks eight to eight Coca-Cola's a day is what he drinks. I think he's trying to get everybody else to drink eight because he's a big shareholder. So let's talk about Buffett. It's got a few different things that we got to cover. So let's try to get all of this. First one is Warren Buffett says, fixing come investors face bleak future. Despite the recent sell off that cent treasury yields to their highest point in a year as high as 1.6, bonds remain unappealing and should be avoided legendary Mr. Warren Buffett

says. And his annual letter in Berkshire halfway shareholders on Saturday bonds are not the place to be in these days. He added in certain large and important countries, such as Germany and Japan investors earning negative return on trillions of dollars of sovereign debt. Let me read that one more time. He said in certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of debt, fixed income investors worldwide, weather pension funds, insurance companies, or retirees face a bleak future. Buffet noted that the income available from a 10-year US Treasury bond at the end of 2020 was 0.93%, which has fallen 94% from 15.8% in 1980.

What's a bad example to use because 1981 is Jimmy Carter, but typically three to five percent is what you had. It's still a big drop off that we've had. So thoughts on what he said about fixed income? I actually agree with him. He's looking for the highest growth. And that's why he bought back all these Berkshire hat-away shares, right? I think with fixed income, it's really good when the returns are great and you feel comfortable and safe when the economy goes down,

but in time of such extraordinary growth, why would you wanna do that? I would agree with that, but I think there's an area that's the concern. I'm curious to know what are your thoughts about? Well, I mean, I talked to a lot of millennials about investing especially in the stock market. I'm a big fan of investing in the stock market, you know, and diversify and having some crypto

and your portfolio. And the conventional wisdom is have your agent stocks and or bonds and kind of have like if you're 30 years old, have 70% stocks, 30% bonds. If you're 80 years old, 80% bonds, 20% stocks, that's sort of the conventional wisdom. But at this point, you know, unless you're 80 and you're not taking on any risk, why would you be in any bonds at this point? Like anything. So when you have someone like Warren Buffett, even saying like, what the hell are you doing in bonds? You know, I try to put the people first and make recommendations to them. You need to be in the stock market.

I mean, obviously if you're in the, and they're looking for a house and you want to invest, awesome. But you need to be in the equities. Yeah, but he's, he's, he's talking, but what is his concern about not being in fixed income? Because fixed income's not going away. It's not like it's going to be going away, but here's what you're looking at. Two year note right now.

If you got a two year treasury, what is it? 0.135. Yeah, I mean, you're not,. Two-year note right now. If you got a two-year treasury, 0.135. Yeah, I mean, you're not getting any money. If you got a five-year, it's 0.728. If you got a 10-year note, it's 1.44. It's going to take 50 years for your money to double. So I put $100,000 in there. 50 years from now, I'm 92. It's going to be $200,000.

Well, why not just keep it in cash at that point? I know. What's the point? Well, no, it's not even cash. Cash, if. Well, why not just keep it in cash at that point? What's the point? No, it's not even cash. Cash, if you don't know what you're doing, this is still better than if you stay in cash. 100%. Well, better, but not liquid and what's the point? If you don't know what you're doing, it's still better, but watch the 30 year. Yeah.

A 30 year treasury note, 30 year, 2.2%. Why? So the challenge isn't that, you know, whether you believe it or not, I actually think these things are going to go up in the next few years. I think these numbers are going to go. They can't go down. No, they could go down. I think they're going to go up the next 30 to five years because the market is going to

take a hit when it does bonds are going to come back up. But the concern is the following. Okay. So if I put 30 year note at 2.2%, you know, rule of 72, 30, 76, 72 divided by two is what? 36. It's 2.2. So 32 years. Gold right now is 1700 bucks. Do you think gold is going to double on the next 30 years? Double? Double in price. 30 years. Yes. Do you think it's going to be $3,500 announced 30 years from now? Possibly. Yeah, possibly do you think it could you know go maybe not double go to you know $7,000 announced 30 years from now 30 years from now gold

We don't create more gold gold as gold. Do you think the price and ounce of gold will be $7,000 30 years from now? I don't I mean I with a limited supply and high demand and possibly yes. This is this is the point I'm trying to make to use like 2% on a 30 year. Who the hell on their right minds would lock in their money for 30 years right now at 2.2%. Who's doing that institutional investors? Investors. Investors. Why would our attention funds? Yeah. I mean, it take a little risk. I mean, what do you do? 2% over 30 years.

But I tell you, depending on the age bracket and where you're at with your risk tolerance, say you're dealing with somebody that's 60 years old, I don't even know if a 60, yeah, I would probably be more focused on having a fixed income fund to put money into because I actually think it's going to go up in the next few years. I don't think these numbers are going to stay.

I don't think Buffett is saying it. Hey, it's a bad time to be in. Of course, it's a bad time to be in. But I think he's going to be in through years from now. It depends. I'm not thinking of institutional investors. I'm just thinking of, you know, I'm a person and I'm looking to invest. Like that's what I'm, you know, so if you're looking to for growth and

you're 30 years old, there's 0% reason you should be in bonds at this point. Like I can't think of a reason. I mean, maybe there's some out there if you're conservative, what have you? But if you've made your money, like Suzie Orman, who's a pretty famous financial, she's saying that she's all in bonds. And they're like, well, why the hell would you be in bonds? She's like, look, I've made my millions. Why do I want to have any risk whatsoever? 70 years old. It becomes about wealth preservation.

Yeah, just keep in my money. I'm good. But if you're looking to, like for me, I'm in growth strategy. I want returns and I want my million to go to five million. And the out of the out of equity stocks risk, Bitcoin commodities, but not bonds. So depends where you're at. So the older and more conservative you are, commodities, but not bonds. So depends where you're at So the older and more conservative you are sure stick the bonds, but if you're looking for growth No

This is not what's up. Well, so let's talk about the buyback. So he's buying back his shares Okay, and he's he's talking about America's the greatest country in the world and is never been a better time to be in America You know, et cetera, et cetera What are your thoughts when he is buying back his own shares? And we're not talking about like a little bit, 25 billion dollars of his own shares they're buying back. Well, you talked about where his mindset was. He's clearly bullish on his own company and he thinks that the stock is low.

How do you as an investor process when Buffett says, don't worry about buying my share, I'm gonna buy 25 billion a minute. How do you process him doing that? He believes in his company and he believes in America. I mean, anytime, here's something I'll say about Buffett. Anytime, not that I'm a doubting America, anytime I'm just like feeling a little uneasy with what's going on in the world. There is something really cool about being reassured by Warren Buffett, bad on America.

Don't bet against America. There is something just that reminder, it's pretty cool. You know, you, you being from Bosnia, hearing things like that, like what, how does that make you feel when you're here? Buffett just being like, well, he's the pre-eminent thought leader as it relates to investments and finances and knowing, yes, he made his money here, right? But he is just so wise and, you know, 90, 90 years of age, he's seen it all pretty much.

I'm the same way. Like, I want to know what his thoughts are age, he's seen it all pretty much. I'm the same way. I want to know what his thoughts are and what he's doing to gauge and look at the crystal ball because we don't have one where this market is going to lead us to because it's even though it's so good and so hot right now, it's like you wonder what's going to happen in five years. So, looking at what he's doing, I'm also a big believer in sort of, if you believe in your company, buy back to your shares, you know where your money is going. You're not going to just put it into treasury bonds, but I believe in America,

believe in the American business and innovation, which is something, you know, however much you wanna look at investments in Europe and Asia and there's some amazing companies there when you look at American innovation and technology, which is where all of the new growth is coming from where that's why Walmart is looking at Vintech, you know, you're looking at mostly American companies. You know, the one question I have is the following, has Buffett lost his ways, okay?

And I know it's a, listen, to say something like that, it's pretty bold statement to go up against a guy that's worth nearly a billion dollars to say, Kai, do you have an email? Are you checking? 80 billion, I mean, 80 billion is 80 billion. But I'm gonna show you data here for you. Don't look at that.

So it's comparing how Berkshire Hathaway's done versus SMP 500. I don't know if you guys seen these numbers or not. And you see what he said also regarding kind of how they're growing so big at a certain point that it's harder to pick investments because you got to pick winning stocks, essentially. Yeah, but you got to see how he does against S&P.

If there's one person he cannot lose to his S&P 500, that is not good in his world. Like you can lose to Ray Dahlio, you can lose to anybody else, you cannot lose to S&P 500. He said you're a big proponent of just index and just index and just S&P. Just look at the link I sent you.

That's the one as well. That's the one that you're January yet. That's a good one to go to. So go up right there. Okay. Can you make that a little bit bigger? Yeah. Make that a little bit more bigger. Okay. So check this out. 2020. Okay. So the light blue is SMP 500. The dark blue is Berkshire halfway, right? Kai stop. Look at 2020. Okay. SMP 500, the 20%. He did 4%. Look at 2019, SMP 500, the 35%. He did 10%. Look at 2018, SMP 500 lost, say, 5%. He made 30%. 16%. 2017 even matched 2016, he wins, look at 2015. He lost 15% SMP 500 made 2%. Look at 2015. He lost 15% as MP 500 made 2% till you 14. He wins double 13 Thai game 12 Thai game 11. He loses

2010 he wins 2009. He got crushed Right 2008 about the same 2007 if you look at 7 6 he destroys them right but to 2000, look how he did in 2000, crushed SMP file. Look at 1999, he lost, right? Because that's the dot com era, et cetera. So you know, you know, the era of Berkshire Hathaway, the one that marked his questioning is the following. Look when he sold his 10, 11% he had in those four airlines.

Remember when he sold like, he owned 10% in United, 10% in America and 10% and all these guys sold him right at the beginning of the pandemic. At time to sell it because it went 10x. It went 10x six months later. So that cost them some money here. So my biggest concern is the following. When you think about Elon Musk and Tesla, would you, you think Tesla's gonna sell

if Elon Musk is no longer with us, if they keep creating their products? You think it's gonna sell? I think it is, because I think it's a good car. I think it's a very, very good product that they're producing. Is iPhone selling after Steve Jobs? Why? Because it's a good product, Mac, it's a good product. They produce good products.

Berkshire Hathaway's philosophy and intuition. Can you duplicate intuition? Can you duplicate intuition? Like, does Trump's kids have the intuition of the father? You know, does Obama teach intuition to his kids? Can Elon Musk teach intuition to his four or five kids? You cannot teach intuition. So, Berkshire Hathaway is an interesting place right now

because 90 years old, listen, I mean, people are sitting there saying we love this guy, but you're 90 years old, Charlie Munger, it's little older as well. They did the shareholder meeting in LA for reason. Typically, they do it in Omaha, but they didn't in LA because of Charlie Munger. So they didn't do the meeting in the typical place that they do it for decades, right?

Why? Because you couldn't travel or what? Well, I mean, it's just, you know, concerns, COVID, safer, much better if we do it here. 95 years old. Yeah. I mean, you understand it, right? So, but the big question to ask is, are they going to be able to continuously beat S&P 500? It's not been the last few year run. I mean, he had a good run in 2000s or 1990s or 80s. But there's a difference between 80s, 90s and 2000s. And today, by the way, he's the biggest shareholder holder of Apple. These are the companies they own today.

American Express, biggest shareholder, Apple, BFA, charter communication, Coca-Cola, Chevron, GM, Merck, Moody's US bank court Verizon, you know You and he's very careful with technology. He barely got into Apple like he was you know always negative about what technology is gonna do Not bullish on Bitcoin. Yeah, like for example, I'll give you an idea like right now baseball cards Okay, I don't know if you guys have been following any of the baseball cards if you want to put it up crazy story on what happened You heard when I saw my Greta for 1.3 million two down for two million bucks. Oh my gosh

So two cards are two million dollars. Okay, I'll look at Donchick's birthday go to the other one I sent you look at Donchick's he's 22 years old crazy his rookie card just for 4.6 million dollars Wow, it's the second most expensive card ever. So he's never won a championship. He's never won an MVP. He's 22 years old. He even set himself in an interview. I'd like to own some of my own cards because millions of me made. He doesn't make money on these cards.

He just got a concept. Pay me some of these millions of dollars, right? Go lower to show the card what it looks like. Do you have the picture of the card if you go up? It's okay. They don't have it here. Go to the other one go to Know the other one I sent you out of this guy right here. He bought Mickey Manels PSA 10 card for five point

Two million dollars look at the top five point two million dollars guys holding the card right there Wow, who is this guy? How's he a five million bus? I mean he paid five point two million dollars for this card We need to sell them a luxury. So how's it going? So watch what happens here. Watch what happens here. Go to NBA Top Shot. Okay, I don't know if you guys have been following this or not. Okay.

So look at the reaction of everybody. Okay, people have spent more than $230 million dollars buying and trading digital collectibles on NBA highlights. A recent highlight, okay, go on YouTube to show one of the highlights. It's a video you buy for $300,000. Okay. Yeah. Yes, exactly.

Let me just show a card type in NBA highlights NFT put LeBron, just put L.E.B.R.O in the LeBron. Let's see if it shows. One of them just sold for 300. Okay, it's saved the same thing you typed and put it in Google, same thing you typed and put it in Google. Okay, and I'm going to get to my Buffett point here because it has to do 230,000. No, there's one that just sold for, oh, right there. Click on the second one. LeBron James Highlight video just sold for $270,000. Guys, it's a six second video. Go down. It's a six second video. Okay, if they have the video to show go a little lower, let's

if they got it, you guys got to see this year. Go lower. Okay, they don't have it. Anyways, it's a six second video of him, uh, Duncan, you buy it, you own the crypto highlight for 230,000 hours 230 million dollars has already been put into this this is brand spanking. You know they just got started So it's not cryptocurrency. It's crypto collectible cards and videos, okay? So now watch this I'm being interviewed guys ask me a question because you know, it's a collectible car genius guy And this last week I spoke to guys that run, the biggest auction and a new thing called Rally, put Rally RD.

I think it's a Rally RD. You can officially buy stocks of cards. Go to Rally RD, I think this is the one. You buy stocks of cards. I like this. They bought my Wayne Gretzky card, they bought it for $720,000, one of them. They have it on there right now for $800,000.

You can buy a share for $12. Love it. Oh my God. Love it. Genius idea. Yes. And by the way, they don't just do it with cards. They do with paintings.

They do with artwork. They do it. He's going to come in that next month. We'll have a conversation with him. Awesome. Rally. Genius idea. Rally is a platform for buying and selling equity shares in collectibles.

Collectibles. Assets. in collectible collectibles assets. Any kind of collectibles artwork, painting, statue, genius, if you're like, look, I'm not trying to drop 200 grand on a baseball card. Sure. Cool. Put in 10 grand and all you get a portion of a sign on Williams. Exactly. That's exactly what it is.

So now you're in all. You're in all criticizing things that only the super rich used to have access to. Exactly. Or work. You got to, I own 2% of a Picasso. What, what you just said is exactly how they sell it. What you just said exactly how they sell it, right? So now, what does this have to do with Buffett? Here's what it has to do with the Buffett.

The guy asked me a question, he says, so what do you think is going to go up and what do you think is going to go down? You think the physical cards are going to be bigger or you think these crypto NFT type of stuff is going to be bigger. I said, the benefit I have is I'm 42 years old. Is I'm young enough to remember I'm old enough to know the value of cards when it was 30 years, when we collected them and it's emotional to me. But I'm young enough to be logical to know this crypto stuff that you're seeing that's ridiculous to a Warren Buffett.

It's going to take off. This is going to take off. So the challenge with Buffett is, is there an age where you hit where some of the philosophies and the risks that you took you no longer will take to outgrow a SMP 500? I don't know. That's the challenge. Because remember, you're not buying a physical product. You're buying the man's mind. And he's 90 and the other one is 95. So his Berkshire Hathaway going to continue growing after Buffett. What do you think? I think they clearly have to have an exit strategy or a succession plan in place. It's not like God forbid Warren Buffett dies this week.

They're like, what do we do now? Oh my God, they're like, our leaders are in their 90s. They're like the two guys and like the Muffet, the Muppet up in the crowd, like the old guys yet like, they have a succession plan in place, clearly. Like we're not, I wouldn't overthink this. I would assume that they have a plan in place and they understand that they need to.

Do you know my question, though? My question is, can you teach intuition? No, I mean, you give the example of like, Tony Robbins' son is trying to go out there and give speeches and you're just like, I'm sorry, buddy, like, you know. Michael Jordan's son, that I playing basketball. Exactly.

Like, I don't think Don Jr. has what Trump has, you know, maybe a little bit Eric certainly doesn't, you know, Ivanka, maybe a little bit Tiffany. No. I'm waiting. We'll see what Baron stock is that. But the point is you can't teach intuition. You can't teach what you're talking about. So, um, but I think I think there is a philosophy, right?

And you either have intuition, charisma, your own set of beliefs and values and experiences, and people follow you for whatever reason they want to follow you, right? But with the succession plan, if philosophy of a company worked out for decades, based on Warren Buffett's values and beliefs of investing, then you have to find someone who has a similar philosophy, but also dares to look at new ways of, of for growth opportunities, such as Walmart looking into FinSEN.

And I just, I think it's extraordinary what you just said in that you have to be old enough to be wise and experienced, but you have to be young enough to know that things are changing. I mean, just look at the, after the advent of Google, the whole world has changed right since 2002 or three. This is why they're saying that Chamaaf, Palapetia is sort of the new school Warren Buffett. We heard this analogy. People are making this analogy a lot. You know who this is? Chamaaf? He's a, he's a, he's a, he's a, he's a, he's a, he's a, he's a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a,'s a he's a he's a he's a he's a very sexy. He's a part small owner of

Or state warriors. He was an early investor in Facebook. I believe and he's a he's a billionaire He's and and and and remember that face. We're gonna sell him a 25-minute house I get a 10% with him. We can sell him a 40 million dollar. No, you could actions and he would actually do what's his net worth probably I'm building a half. I think he's worth? Probably a bill or two? Bill and a half. I think he's a bill or two billion out of guy. Is he two? He's a billion out of guy. What does your net worth need to be?

Sonata, to buy a $20 million house. You need to be worth $100 million? $200 million? I think. For a $20 million house. Yeah, and in the 10th or 20. So if someone's looking at a $20 million house, like you know, all right, this person's worth, you know,

$200 million. Yeah, you have to be worth at least, I would say, $200 million. 10x. Unless, exactly 10x. Unless you decide to have not just mortgage, but like some people use acid-based loans to finance if they feel very strongly the value of the house is going to consider as an investment rather than just a place. So if you're looking at a million dollar house, do you have to have a net worth of 100,000? Is it the same rules? You need to have less?

A little bit different rules. Yeah, so it's because I will say huge majority, I was going to say 99% of people looking at ultra luxury real estate are all paying cash. Cash. 25 million plus. Cash is gang and yeah, but for people who are looking at a million dollar property, most of them are actually looking to finance. So that's why it's so different. You only need 20% to put down rather than, you know, being 10x. Okay.

So are you optimistic, long-term Brooks, on half the way or no? Are you optimistic? I'm not betting against Warren Buffett. No, no, but we'll wait a minute. I didn't say Warren Buffett. Oh, I got all, you see how I got diplomatic there? I know you did.

Yes, I am. Yes, I am. I believe that he has imparted enough wisdom and knowledge and principles on the people that'll be taking over. Cause I don't remember the gentleman's name, but we talked about what the next man up was but I believe that they are like you said old enough to understand the past but young enough to move with the times. What do you think Sonata? Long-term Berkshire are you long-Berkshire halfway or short? Oh that's a tough one particularly knowing what we just discussed. I'm long term because of the sheer size and ability to move through whatever the market's

going to bring. And just look at the companies that, if you're the biggest investor in Apple, I'm riding with you straight up. Coca-Cola. No, and the thing is, obviously, I think it's going to take you hit once one or both of them passes away just emotionally because people are going to be like, I'm out. However, he has said multiple times, the companies that have been chosen in the past are such value companies that he said like essentially a ham sandwich can run them because they're

so staple companies that don't require a lot. And if those are the ones they own, then I think those will stay valuable long term. But however, the question is, will they be able to pick new companies like that? That's where the issue is going to be. Well, that's, that's, that's the processor of somebody. So I, look, how many things you're seeing right now would a math make zero sense, like the typical formula of that was used 20, 30 years ago. It doesn't apply today.

But he was the same way during the stock boom. What do you mean? The dot, no, the dot com bubble. Like he, he's pulled out of the, of the market because he says the market doesn't make sense. Well, I'm going to go to Berkshire Hathaway stock, go to Berkshire Hathaway stock history of it. Let's take a look at that.

Berkshire Hathaway stock history. It still looks very good. I think that 350,000, 370,000 right night per share. Look at that. It's gone up. Will it continue going up post-buffet? That's the question that if you want to buy one share right now, you're spending 377. Wow. To buy one share, a share. B share is like 300 bucks, But if you want to buy an A share right now, $370,000 a share. 8141 share is 377. He got to love that though. Hey, we're not doing splits. We're not doing anything. You want to share, spend that 377 and people. Where is that? Where is that on the most

expensive stocks? It's D share. It's that most. Expense number one. Yeah, it's the most expensive. They've never done a split. They've never done any. They tell you want to spend that 377. And then you'll be invited to the shareholder meeting that they're having. Can you imagine? But everybody that goes there owns at least one share. But back to your point with that rally,

if you want to own a percentage of a stock, and there's companies out there like stockpile and things like that, where you can, you know, have, one guy gave a profit $10,000 back in 1974. The sky was a small, you know, the story we talked about that, that $10,000 he left it never touched it. It's worth $780 today. Wow. Never touched the money. You got to say, you're, you're banking on a guy. You bet on a guy. But anyways, let's wrap up with the story of Zlatan. Okay, let's talk about our favorite guy here, Zlatan. LeBron James responds to Zlatan. And he says, no, because Zlatan initially told them,

do we have here what he says or no? It's lower. Let me see what you have. Okay, all the way down. Okay, so you don't have what he said. Why don't you pull up on Twitter what Zlatan said? And I'm gonna put up or two. Okay, so you don't have what he said. Why don't you pull up on Twitter, what's Latton said? And I'm gonna put up exactly what the respond is. So, okay, just pull up the Twitter's Latton's tweet

about LeBron. LeBron, there you go. I think it was an interview in LA Times, I think. You're right, I think. Yeah, you are right. It's just a, Why don't you set the stage for those that don't know who Z locked on is. So that might be some people that are not familiar. Let's just read this. So it's Latin who is a superstar soccer player. Okay. I mean,

I'm top 10 in the world right now. I don't know if he's top 10. He is probably one of the most, you know, maybe not today at his prime because right now he's in his late 30s. Okay. At his prime, this guy was a ridiculous talent coming in. Everybody's six, five power, four gets bumped in your face. He's buzzing creation. Yeah. Okay. This is cool.

If you've ever seen his highlights, just type in on Google, it's Latin fights. On Google. He's a beast of a guy, right? So he goes out there and he's a guy that's known for saying what's on his mind. He says, Lebron James is a phenomenal guy. What he's doing. But I don't like it when people with some kind of status and they do politics at the same time as what they're doing. I mean, do what you're good at. So it's a lot of calls out Lebron James. And I, Lebron James has to respond back. And this is what Lebron James says. He says, there's no way I will ever just stick to sports.

There's no way I will just stick to sports. Do you wanna go? I never shut up about things that's wrong. I preach about my people and I preach about equality, social justice, racism, systemic voter suppression. Things that go in our community because I was part of my community. I won't point in seeing the things that was going on

And I know what's going on still because I have a group of 300 plus kids at my school that's going through the same thing And they need a voice and I'm and I'm their voice I'm their voice and I use my platform to continue to shed light on everything that may be going on Not only my community, but around this country and around the world There's no way I would just ever stick to sports because I understand how this platform works, how powerful my voice is, thoughts. Okay, well, I come from the same background that Zlatan does and I'm a huge fan, as you can imagine, he's extraordinary as it relates to soccer.

But I'm totally annoyed at him because he has a huge platform and he does use his voice to speak up against racism. And Zlatan himself has experienced tremendous amounts of hatred because of his ethnic background and has experienced racism playing in Europe. So I think as such high profile global stars in two respective fields, I think it's incredible to use your voice to speak out and speak up about what things that are really, really important to you because you have all these people across the world listening to you. And I feel he just kind of played into this super conservative

in my mind racist ploy of, you know, a Stainier Lane don't, you know, just shut up and dribble, which I think is awful. He, I know from what I read, he admires LeBron, loves LeBron, but I don't think he should have phrased it the way he did in that. But I also understand, coming from where we come from, particularly in former Yugoslavia, when you talk about politics, you put yourself in a really uncomfortable situation. You're just, we're taught from early age.

Don't talk about politics. Keep your mouth shut because you're going to get in trouble when we're another. It's almost like you associate fear. We're talking about politics. And so he's experienced so much hatred, Latin has, playing in different fields, even like recently, was playing in Belgrade. And there was a huge racist rant. They had to apologize to him. And he was very

stoic. He just didn't say anything and kind of like sucked it up. So if you think he should respond back, absolutely. So when if you have such a huge platform, and if you believe in social equality and justice and people being at least... But what should he say? What should he... If he's a player and people scream stuff at him, what should he say? I don't think he should necessarily respond to a particular

person who's being ignorant or hateful or racist or whatever, but I think he should use Twitter. You're talking about technology. Use your voice to say, that's not cool. This is what I've experienced. Did you see what happened to this basketball player, Jeremy Lynn, in the G-League last week? Did you hear about it? Yeah, I'm Asian names are calling him. So there's two, there's two school of thought here. And it's, and I think at this point, it's just philosophical. So to, to, to Jeremy Lynn, he's playing basketball.

One of the opponents calls him coronavirus because he's from China. So hey, coronavirus, hey, coronavirus. So he says, I'm experiencing, you know, racial slur comments, you know, people are kind of saying a coronavirus. So, they said, who said it? He said, I'm not gonna go out there and tell anybody on who said it, because I don't wanna throw anybody

under the bus. I just wanna bring awareness to say, it's not appropriate and I hear it, but it needs to stop, but I'm not gonna call anybody up. I thought his approach was actually very respect the high road. I liked the way he did it. I liked the way that he took that. And by the way, earlier this year, something happened with LeBron at a game at an Atlanta game. I don't know which game it was Paul. When one of the fans started shouting at LeBron,

the husband and him went at it and then they got kicked out. And then they asked LeBron afterwards. So LeBron, what do you think about what happened right now? He says, well, listen, I'm just glad the fact that fans are back because that's fans. They scream, we go out, we go back and forth. That is normal. That's going to be taking place. So, you know, sometimes I wonder if some of these athletes like us a lot, and he's like, I just don't even want to get into the political world just to get into the world. Yet he has such a big platform to use it. Is it right to use it or Is it right to use it or is it better

to take the Michael Jordan approach and say, look, man, I'm just not getting into politics. That's exactly where I was going with this. Is that, you know, Michael Jordan set a precedent for himself and athletes that he was going to be a political. Even in North Carolina, when I don't know if it was Jesse Helms or whoever the hell it was in North Carolina, was a blatant racist running against a black politician. And people, even as, I think his mom, and people in his corner, like, you gotta speak up about this.

Like, these are your people, like, what's up? And he's like, you know what? Famous, famous quote, Republicans by sneakers too. And he just, and he's been for a long time apolitical. I think even during the BLM and, and blue lives matter movement, he donated, you know, an equal amount of money to both sides, right? LeBron James, different character, LBJ DGA fee, LeBron James don't give a F, you know, so he has a voice. He's going to use it. He's not going to just shut up and dribble. Lower Ingram, you know, called him out a few years ago.

And he's like, no. But I thought that was also dumb comments. You made what do you mean, just shut up? Yeah. And on those. Disrespectful. Yeah, yeah. It's not about just shut up and drove.

I just, I think, like, you know, I think it's just a different level of risk. I like Jordan's approach. I like Jordan's approach. I like Jordan's approach of what he took. And I do think you talk about your own, but I also think there's an element of LeBron also been divisive. I think you're also dividing America. You said you've been polarized by LeBron.

You've been vocal that I don't think he's a uniter. I mean, all this stuff about unite, unite, unite, LeBron, definitely is not a thing. But what's different about what he's doing and what Trump's doing? I didn't divide him. Did I say Trump's a uniter. I mean, all this stuff about unite, unite, unite, unite. Lebron should definitely not have been. But what's different about what he's doing and what Trump's doing? I didn't divide it. Did I say Trump's a uniter? No, no, no. Did you hear me at all in category? Not at all. I think Lebron and Trump are very similar. I think Lebron is playing to their base. I think Lebron and Trump are very similar, very similar. The only difference is Trump converts, or Lebron doesn't. Lebron just gets his own audience, but he

doesn't convert. Trump used to convert. Trump is a convert. or LeBron doesn't. LeBron just gets his own audience, but he doesn't convert. Trump used to convert. Trump is a convert. He's no longer a convert. Because he doesn't have a platform. If he did, he would continue. He lost his platform. That's the point.

Yeah. But what I'm trying to tell you is LeBron and Trump believe it or not are very, very similar, very similar. Well, Jordan is in a league of his own. In the way he handled media, in the way he did everything. Jordan, Reagan, you know, those guys, you put in a similar league of their own, John F. Kennedy, these are in the league of their own. Okay. Reagan won 49 out of 50 states and even Democrats like the guy. Okay. John F. Kennedy, even Republicans

like them. Jordan, even Republicans like him. You know, even when Jordan and Barkley were once on an Oprah Winfrey show, you know, and they were teasing each other and Barkley, you know, actually, there wasn't, there were Olympics and something they were playing. He says, hey, Jordan, Mike, why don't you tell everybody who'd you vote for for president, none of your business. Yeah, I know you voted Republican. So there is that joke that Barclay would have with him. So but I liked the way Jordan did it.

And quite frankly, I, you know, Zlatan is probably sitting there. For Zlatan to do this and you go back to his history. And he made some comments years ago himself that he used, used his own platform. He made some comments saying there was some comments made about me. So he has done it before. So there's a little bit of hypocrisy on Zlatan's position as well because he's, Zlatan's like a Trump for you to say, don't use your platform to say anything. You can say, I disagree with LeBron, but you can't say don't use your platform.

The guy's going to use his platform. So LeBron can say whatever he wants to say, if he agrees, disagrees, he's earned the right to say whatever he wants to say. There is shots that comes with it, but he can say whatever he wants to say. I think Slotten's one of those guys that he's so witty, he's so smart, he's so good with the media that he would actually make a decent politician later on. He would be entertaining. I'm being serious. And by the way, I think he likes controversy as well. a little bit more. I'm not going to let you get a little bit more attention later on. He would be entertaining.

I'm being serious. And by the way, I think he likes controversy as well. So he knows that everyone is going to be talking about Slotten if, you know, he goes against the law. Do you think there was a

little bit more behind this when he said this comment? He knew that it would get picked up. Lebron would exchange. Now we're talking about it on the podcast. Absolutely. Now I know he's guess who's

trending right now. It's during the pop. It's during the pop. It's during the pop. FYI is Latin played for what team in the soccer? AC Milan. Yeah. And then where did he play in US? Okay. Who else was in LA at the time? David back to Lebron James. So LA, you know, there's some stuff, you know, these guys are competitive

guys, you know, when when when there's Latin came to, if you ever watch and play when he went in, played for Galaxy, let me tell you, people lost their minds when this guy play. I want to watch this guy. I was on the grass, watch his Latin play. It's ridiculous watching this guy play live. I mean, they can analogy. Would you like? Is he?

He's the Charles Barkley of soccer. Who is he? He's the LeBron James of soccer with his body because soccer players are tiny, but he's not LeBron James Like the greatest of all time like stop it like Ronaldo would be a LeBron. Please get this Ronaldo would not Ronaldo would be in this building. Hey, hey, hey LeBron Jordan's the greatest of all time Jordan would be like a paylay. That's what I mean. Yeah, Jordan would be like a paylay No, what I'm saying. Let me make Ronaldo would be LBJ. Let me make the analogy that's a little better for you. Yes, please.

Is Lebron the greatest human specimen ever in the game of basketball outside of Shaq? Physically. Yeah, yeah, that's what you're saying physically. Oh, he's a human. I'm saying iconically or legendarily. Game wise. Game like, he's Shaq.

Okay. He's the Shaq of soccer. It's the best way to put it. He's the Sha shack of soccer. Let me tell you, he pushed people around. He elbowed you in the face. He slapped you in the face. He punched you. He did everything. Everything you're not supposed to do.

Better than Zidam? Oh, League of his own. Yeah. The guy was a tech one, dog, black belt. He played soccer. Oh, damn. So he's known as a fighter. And he's a survivor.

He's very, very aggressive. So he knows. Go-go-type and slot and kicks on YouTube. See how he does and he's a, you know, he's a survivor. He's very, very aggressive. So, you know, go, go type in slot and kicks on YouTube. See how he does. He would destroy a person if he kicked them. I love watching him too, by the way, it's just, it's a persona. Have you seen the documentary?

I have not seen it. Okay, so the documentary is a good one because they record him when he's 17 years old and he's gone with his manager to go negotiate the big contract. He's about to get a massive contract and his, uh, his manager is getting nervous. And Slotten's 16, 17 years old says, get your act together. You act on like you're scared, okay? Act like you belong here. Tells to 50 year old man.

Absolutely. He tells his 50 year old manager act like you belong here. Why do you look so nervous? Act like you've been here before. 16, 17 year old kid telling that to speak of himself in third person. Yes, he does. So it's a lot of things. Yeah, you got a lot of the guy. And then we go. So if you enjoyed today's podcast and having Sonata on and Adam on smash that subscribe button Sonata, it's been great. Having you on. Thank you. So much for spending time with us.

I believe we are doing it again this Thursday. We are trying to get on the routine to be doing it on a weekly basis. So again, this Thursday, 8 a.m. same time, we'll be back at it again with the podcast. Who's with us this Thursday? Daniel. Daniel Dermartino Booth. Daniel Dermartino Booth will be here this week with us on Thursday. Take care everybody.

We got the best in real estate. We got the best in economics. It's gonna be good. We got the best. Same week. Same week. Sonata, we will do it again. Thank you so much for coming up.

Thank you. Take care. Bye bye.