The GameStop Guy Has Returned… (And Has A New $210M Bet)

0:00:04 Sam, this podcast is not financial advice, but if I was going to give anyone financial
0:00:09 advice, I would have said rewind the clock to May 1st, just a month ago.
0:00:14 And all you need to do, if you ever want to triple your money, forget Warren Buffet.
0:00:16 Forget Bill Ackman.
0:00:17 All you had to do was buy GameStop.
0:00:18 Again.
0:00:19 Again.
0:00:37 I feel like I could rule the world, I know I could be what I want to, I put my all in
0:00:38 it like the days off.
0:00:39 On the road, let’s travel.
0:00:40 On the Mount Rushmore of investing, there’s Bill Ackman.
0:00:41 There’s Warren Buffet.
0:00:41 These wise older men who just exude confidence, exude wisdom right next to them is deep fucking
0:00:44 value.
0:00:45 That’s the world we’re living in right now.
0:00:48 So a lot has happened with this guy.
0:00:53 Let’s tell a little bit of the background of who this person is and what happened.
0:00:54 All right.
0:00:55 So it starts, what year did this start?
0:00:56 Probably 2020.
0:00:58 So like peak zero interest, COVID’s happening.
0:01:02 A lot of people are streaming online and saying their thoughts because they’re working
0:01:03 from home.
0:01:04 There’s this guy named Keith Gill.
0:01:10 Keith Gill, I think he worked at like mass mutual or like just some normal boring job,
0:01:12 like a $100,000 a year job.
0:01:19 However, he loves sock investing, like he studies it and turns out he’s a very charismatic
0:01:24 guy and he starts streaming some of his picks and why he likes certain companies, whatever.
0:01:31 Now we all remember that in 2020, 2021, the stock market went crazy and there was a subreddit
0:01:35 called Wall Street Bets and a lot of people had extra income because of whatever was happening
0:01:39 and they were betting crazy amounts of money on silly stocks.
0:01:43 Well, this guy Keith Gill, he has a username on Reddit called DeepFuckingValue and then
0:01:49 he has a YouTube page called Roaring Kitty and he starts explaining why he likes GameStop
0:01:55 and he invests roughly $56,000, which at the time, I think that was like all of his money
0:02:00 and he just goes on this kind of campaign explaining why he likes that stock and it’s
0:02:02 kind of like an underdog story.
0:02:07 It’s this kind of nobody charismatic, cool guy versus the large companies and the reason
0:02:11 he starts investing into GameStop is these large companies, these large head funds, he
0:02:14 finds out they’re shorting the company and he was like, “I actually think they’re wrong.
0:02:15 I think this is great.”
0:02:21 So it becomes a little bit of a Robin Hood, Dave and Goliath type of story and all of
0:02:26 Reddit, all of Twitter gets behind Keith Gill, DeepFuckingValue, Roaring Kitty and the stock
0:02:27 goes crazy.
0:02:34 He makes something like $30 million off of his $50,000 investment and he spends about,
0:02:39 how long was that, 18 months, two years, with his campaign talking about it, but then he
0:02:42 makes $30 million, he goes silent.
0:02:43 Nothing happens.
0:02:47 There’s a movie made about him with Seth Rogen, it was an awesome movie.
0:02:50 But at the end of the movie, they go, “We try to get Keith Gill to comment on this movie
0:02:51 and give us insight.”
0:02:53 He didn’t say anything.
0:02:54 He’s been silent.
0:02:56 We haven’t heard from him until last month.
0:02:57 It all changed.
0:02:58 What happened?
0:03:04 Great summary, last month, Roaring Kitty, as he’s known, he’s got a couple of different
0:03:05 names, right?
0:03:10 There’s his Reddit username, but then Roaring Kitty was his streaming name and he comes
0:03:16 back on Twitter and he just posts a meme and it’s the meme of the guy sitting in his chair
0:03:17 and then starts to lean forward.
0:03:19 He just became interested in something.
0:03:20 The Gamer Lean.
0:03:22 The Gamer Lean, the Lean In.
0:03:25 Many of you who listen to this podcast right now might have the Gamer Lean going and I
0:03:26 hope you do.
0:03:30 But he posts that, nobody knows what it means, cryptic, and then he starts posting some more
0:03:31 cryptic videos, little mash-ups.
0:03:34 That tweet got 30 million views.
0:03:39 Yeah, people are ready and immediately, like, stock pops a little bit, but nobody knows
0:03:42 what it means and nobody knows really what happened to this guy.
0:03:47 During that run where he turned basically like $56,000 into, you know, tens of millions
0:03:49 of dollars, he held the whole way.
0:03:53 So what everybody thought was great, the short squeeze is great, what happens when people
0:03:56 start to take gains, this whole thing’s going to collapse.
0:03:57 But sure enough, that is kind of what happened.
0:03:58 It didn’t stay at the peak.
0:04:02 I think at the peak it was like $480, and it started to come down.
0:04:07 But he had, as we say in crypto, diamond hands and he did not sell during that time or nobody
0:04:11 knew what he was doing during that time, but there was no evidence of him selling.
0:04:16 So he comes back, he starts posting all these clips and people start getting excited.
0:04:22 And what’s happened in the last, you know, I don’t know, month or so is the stock has
0:04:28 tripled and it’s tripled in spite of Robinhood and others halting the stock again because
0:04:31 like last night and after hours, it was up 100%.
0:04:35 Your money just doubled last night if you had bought yesterday.
0:04:38 And then they had to halt the thing because it’s like, you know, pretty like abnormal
0:04:41 behavior that’s going on in the after hours trading.
0:04:42 So the internet’s going crazy.
0:04:48 He then goes and posts on Reddit and he goes into a red subreddit called Super Stonk.
0:04:54 So he goes into Super Stonk and he says, here’s my GameStop YOLO update and he posts
0:04:59 the screenshot and the screenshot essentially shows that he currently has between his equity
0:05:05 and his call options, $200 and something million worth of GameStop.
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0:05:57 Which basically means that, and people aren’t exactly sure when all this started, but there’s
0:06:00 a Twitter handle called Unusual Wales.
0:06:03 Unusual Wales is unusualwales.com.
0:06:06 I believe it’s a option buying platform.
0:06:10 And they noticed, then they started reporting on this on their own platform.
0:06:13 They said a few weeks ago, they go, “Someone is buying…”
0:06:14 Two million a day.
0:06:15 And they’re a whale.
0:06:16 What is going on?
0:06:18 And they’ve been doing it for three weeks.
0:06:21 And a call option, basically, and I’m an idiot when it comes to this stuff, it basically
0:06:26 just means they think the stock is going to go up and they leverage their money to buy
0:06:30 a ton of options to purchase the stock at a agreed upon price.
0:06:32 I think his agreed upon price was $20.
0:06:35 He starts accumulating that share, that stake.
0:06:36 No one knows who it is.
0:06:41 And just last night, I think, or the night before, he revealed it was him.
0:06:42 He’s been doing this all along.
0:06:43 Yeah.
0:06:44 It’s insane.
0:06:49 And so, currently, right now, today, it’s another 24%.
0:06:50 He’s basically doing it again.
0:06:52 And the hedge funds, I believe, were shorting it again.
0:06:53 So I’m not…
0:06:54 Again.
0:06:55 That’s the part I’m not 100% sure of.
0:07:02 And it’s like, initially, the appeal for doing this was he would say, “I like the stock.
0:07:03 I believe in the company.”
0:07:04 He would say those things.
0:07:08 But it was unclear how much of it was his belief in the company versus his belief that
0:07:13 the hedge funds had shorted more than 100% of the stock flow.
0:07:15 So it was like just massively, massively shorted.
0:07:18 And the way the shorting works is you’re basically betting that the stock is going to go down.
0:07:24 And so, as the stock rises, your losses, like normally, let’s say you buy a stock for $100,
0:07:26 the most you can lose is $100.
0:07:27 That’s what you bought the stock for.
0:07:28 That’s all you have.
0:07:29 If it goes this year, you lost your 100.
0:07:32 When you short a stock, you can lose an infinite amount of money.
0:07:34 And that’s basically what happened to these hedge funds.
0:07:39 They lost billions of dollars by shorting GameStop because when Keith and then all the
0:07:43 other people on Reddit started buying, it created a short squeeze, meaning the price
0:07:46 was going up so much that they were getting called in and said, “Hey, you need to cover
0:07:48 your positions.
0:07:52 They need to now buy the stock at this elevated price in order to cover their short.”
0:07:54 And so that put a couple of them almost out of business.
0:07:58 I think one or two went out of business and another one had to get a bailout, basically.
0:08:03 And there’s a lot of accusation of collusion, meaning these big hedge funds colluded together.
0:08:07 Some of the hedge funds had a stake in the company, Robinhood, and they called Robinhood
0:08:09 and said, “Hey, we need your help on this.
0:08:11 You can’t let these guys keep doing this stuff.”
0:08:16 And so it was a David vs. Goliath situation of like, can the little nobody retail investor
0:08:19 somehow beat corporate America, beat the big billion dollar hedge funds?
0:08:24 And for what it’s called, by the way, I don’t think this is a wack conspiracy theory.
0:08:29 So I don’t think they owned a stake in GameStop, what I think was they were the market maker.
0:08:30 So they were one of the biggest market makers.
0:08:34 And then everybody said, “No, we didn’t call them and tell them to halt the stock.”
0:08:39 What they did was they halted buying, but they allowed selling, which is sort of the
0:08:42 most effed up thing you could do to a stock.
0:08:45 And people lost their life savings in this, and some people say, “Oh, they should have
0:08:46 because they were just gambling.”
0:08:50 Okay, there is something called just gambling, but if the casino rigs the dice, that’s not
0:08:51 cool, right?
0:08:54 And that’s what appears to have happened here, where if you shut down buying, but you allow
0:08:59 selling for a period of time, you will relieve the pressure and the short squeeze and the
0:09:02 stock will start to fall, and then people start to sell because they think, “Oh, the game’s
0:09:03 up.”
0:09:07 And so I took all my money off of Robinhood after that happened.
0:09:10 I just fundamentally morally was against what had happened.
0:09:15 I believe that the CEO lied and continues to lie, basically, about what happened during
0:09:16 that period of time.
0:09:18 I also took all my money off of Robinhood.
0:09:22 I didn’t have a significant amount, but Robinhood started as the underdog story.
0:09:25 And this is a tale as all this time, at least in Silicon Valley, which is like the underdog
0:09:27 is like, “They’re the coolest and the best.
0:09:28 We’re all behind them.”
0:09:31 They get big, and then all of a sudden, they are the man, and they start changing some
0:09:33 of the things, the way they do things, and now I don’t trust them.
0:09:36 But I actually, so I currently have two takes on this.
0:09:41 Number one, we’ve talked about the creator economy, which I think is mostly a lame thing
0:09:42 to talk about.
0:09:46 But basically, some of the cool stories are some of these creators like Logan Paul.
0:09:49 They now have a billion-dollar company with Prime.
0:09:55 Roaring Kitty is the exact same thing, but instead of selling Prime Energy drinks or whatever,
0:09:58 he’s selling, not financial advice, but he’s selling…
0:09:59 Dude, what a take.
0:10:00 Oh my God, I’m so jealous.
0:10:01 I didn’t have this take.
0:10:02 Holy shit.
0:10:04 That might have been the most insightful thing you’ve said in months.
0:10:08 This is his version of monetizing his audience, and it is beautiful.
0:10:10 And here’s why it’s beautiful.
0:10:11 Have you seen the movie?
0:10:12 What’s it called?
0:10:13 Dumb Money.
0:10:14 Yeah, I saw it.
0:10:17 So they chose this actor to play Keith Gill.
0:10:20 And I’ve seen a lot of Keith videos.
0:10:24 He’s so much more charismatic than the actor who played him.
0:10:27 If he would have been that actor, it would have been way better.
0:10:30 And so when you watch his videos, I think I want to get behind you.
0:10:32 He is so likable.
0:10:36 And so he is monetizing his fame in such an interesting way.
0:10:37 So let me just make that point again.
0:10:41 So what you said is basically, we’ve seen all the creator brands.
0:10:42 You’ve seen Feastables.
0:10:43 You’ve seen Prime.
0:10:44 You’ve seen 1000 of these.
0:10:47 He did it without having to sweat the actual business.
0:10:49 He’s like, “Yeah, cool.
0:10:52 How about instead of having to actually sell products and fulfill customer orders and do
0:10:58 customer support and all that, I’ll just pick a stock and make stock go up.”
0:11:01 And the product is, you might make money on this stock.
0:11:05 And not saying that he intentionally tried to do that or whatever, but like, in a way,
0:11:06 he did, right?
0:11:09 He was streaming himself, picking a stock, doing his analysis.
0:11:13 And the one thing I will say, because I went and watched these videos is I expected it to
0:11:19 be a lot more like pump and dumpy, meaning I expected it to be like either explicitly
0:11:25 said or reading between the lines like, “Hey guys, let’s just do this and make a buck.”
0:11:31 And he really doesn’t say that or do that in any of his videos or his updates.
0:11:36 And maybe it’s because he kind of had a job at a financial company and he knew not to
0:11:37 cross that line.
0:11:38 I don’t know.
0:11:39 Maybe that’s why.
0:11:42 Maybe he genuinely just liked the company and the stock and was like, “Yeah, I think
0:11:44 there’s value here.”
0:11:45 And in some ways, got lucky.
0:11:47 He didn’t mean to start a revolution.
0:11:48 He just did.
0:11:51 I’m not sure which one it is, but I’m very impressed that I expected him to be a lot
0:11:54 more unrespectable.
0:11:57 But actually, when I watched his videos and read his content, I actually respected him
0:11:58 a lot.
0:12:00 I thought that he was not trying to, you know, a grifter trying to make a buck.
0:12:01 He did not come off that way.
0:12:06 And the movie, which I think was a hit, they made him not come off that way.
0:12:09 They made him and his wife come off as very romantic characters.
0:12:14 They made the people who followed him, they like showed like a poor lady in the Bronx
0:12:15 or something.
0:12:16 She was like, “I really believe in this guy.
0:12:17 He’s the best.
0:12:18 He’s the big guy’s win.”
0:12:19 And so you get behind it.
0:12:20 It’s easy to get behind.
0:12:28 The second take that I have, I think what he’s doing is not illegal, but it might eventually
0:12:29 become illegal.
0:12:32 What he is doing is absolutely, so here’s my opinion.
0:12:38 We don’t know what he has done between basically when he made his 30 million and up until three
0:12:39 weeks ago.
0:12:40 We don’t know what had happened.
0:12:45 If I had to make a prediction, I think he tweeted out this gamer lean-in.
0:12:51 So he tweeted out this gamer lean-in meme or whatever and the stock jumped, I think 80%
0:12:53 that day, which is insane.
0:12:59 So he ultimately, I think GameStop at the time was worth six billion and then it was
0:13:04 worth seven or eight, you got to go look at those numbers, but he basically created something
0:13:08 like a billion or at least hundreds of millions of dollars in value from a silly tweet.
0:13:15 I think that there’s a potential that he was like knew that him saying something online
0:13:20 was going to pop the stock and that he is profiting from that and then further after
0:13:21 that bought the calls.
0:13:22 Do you know what I mean?
0:13:23 No, no, I think it’s the other way around.
0:13:28 So I think what would make sense is he buys the calls first and then he announces it,
0:13:30 but his announcement, I mean, how are you going to get in trouble?
0:13:33 Like, you posted a meme of this guy leading forward.
0:13:34 It’s not illegal.
0:13:35 It’s not illegal.
0:13:36 It’s not illegal.
0:13:37 It’s very wise.
0:13:40 So other tweets that he posted are, what did he post?
0:13:41 The reverse Uno card.
0:13:44 Just a picture of a reverse Uno card.
0:13:45 Like we’re running it back.
0:13:46 Yeah.
0:13:47 And I think it’s hilarious.
0:13:51 I think it’s hilarious that Nikita or Fred said, if you’ve been toying away at your
0:13:55 startup for the last decade, just remember a guy in his basement with a webcam and a
0:13:58 headband just made close to a billion dollars in 12 hours.
0:14:05 And I think that that’s pretty wild and potentially there is going to be some blowback for Keith
0:14:06 Gill.
0:14:10 But if you think about it, Bill Ackman announced, I think last week that he’s considering taking
0:14:14 his company, his hedge fund, Pershing Square public.
0:14:19 And what Bill Ackman is doing is not terribly different than what Warren Buffett has done,
0:14:23 what Howard Marks has done, what Manish, the guy you had in the pod, what these guys have
0:14:26 done, which is they built a brand for themselves.
0:14:30 And when you build a brand for yourselves in the hedge fund or trading industry, it basically
0:14:34 just means whatever Warren does, I’m going to follow because I trust him.
0:14:38 And so it adds value to a company that is not necessarily in the fundamentals of the
0:14:39 business.
0:14:41 And that is exactly what’s happening with Roaring Kitty.
0:14:43 And I find it fascinating.
0:14:48 I don’t know if I am good, I’m behind it because I like him and I want him to win, but I do
0:14:51 have to ask myself, is this actually like ethical and correct?
0:14:53 It’s borderline, I think.
0:14:55 So here’s a couple of interesting bits.
0:15:00 So GameStop stock currently $28 as of recording this.
0:15:04 If the stock hits $70 a share, he’s a billionaire.
0:15:05 It’s saying.
0:15:07 Which is just kind of incredible.
0:15:08 It’s insane.
0:15:13 The second thing that’s really interesting here is some open questions that I have.
0:15:18 And I think if it’s not obvious by now, we’re noobs when it comes to this.
0:15:20 We are not stock traders.
0:15:22 We are not options traders.
0:15:23 This is not the world we live in.
0:15:24 We are both me and Sam.
0:15:25 We are startup guys.
0:15:26 We build businesses.
0:15:30 We start companies that are tech companies.
0:15:31 This is not our game.
0:15:36 But I do have some very simple questions as a beginner here, which is if he’s buying basically
0:15:42 on average, I think $2.5 million worth of options per day for the last 11 days or something
0:15:43 like that.
0:15:44 Where did the money come from?
0:15:45 Where did the money come from?
0:15:46 This is a guy who didn’t have money.
0:15:48 He made a bunch of money in GameStop.
0:15:53 How did he have the ability to buy like $60 million worth of these calls?
0:15:54 That’s my point.
0:15:55 I think there’s more behind the scenes.
0:16:01 He owns $5 million shares of GameStop, which is worth $115 million.
0:16:04 And then he has $65 million worth of call options.
0:16:05 So there’s some theories on this.
0:16:07 So the first question is, how did he do this?
0:16:11 And the theories are basically, I don’t know if this is true, but here’s a theory that
0:16:13 this guy, Jonah Lupton, posted on Twitter.
0:16:17 So he goes, I’m trying to figure out how Roaring Kitty ended up with $180 million plus, what’s
0:16:19 now $210 million of GameStop.
0:16:20 Here’s my best guess.
0:16:23 In late April or early May, he sold most of his equity and loaded up on calls.
0:16:28 Then he came back to social media, posted the meme, and it went up 300% in like three
0:16:29 days.
0:16:33 If he sold his calls near the top, that would give him cash back, which he would then go
0:16:34 back to buy equity.
0:16:38 And then he decided to do this game again recently, and he’s basically using this scheme
0:16:42 of sell equity, buy calls, sell calls at the top.
0:16:45 Now you have a lot, calls are basically like a leveraged way to buy.
0:16:51 Take that leveraged gains that you have, now buy equity again, and rinse and repeat basically.
0:16:52 So he’s like, this is insane.
0:16:55 I’ve never seen anything like this before.
0:16:59 His Twitter page, instead of the word post, it should just say a dollar sign.
0:17:00 That’s his ATM.
0:17:04 Every time he clicks that button, he’s like, that’s how much power this guy has, and it’s
0:17:05 insane.
0:17:06 Yeah.
0:17:07 Yeah.
0:17:08 Everything about him needs to, he needs a rebrand.
0:17:11 Roaring Kitty is now like the fierce lion, like he’s no kitty.
0:17:13 This guy is just legendary.
0:17:15 I mean, the tweets about this are also just hilarious.
0:17:16 I want Brandon Boyle.
0:17:17 We put these up.
0:17:20 I’m telling my daughter that this was Warren Buffett, and it’s just a picture of him wearing
0:17:24 his purple cat shirt at home.
0:17:30 Trung, your boy Trung, posted, here’s Roaring Kitty and his $180 million GameStop position
0:17:33 rolling up to the stock market tomorrow, and it’s the wheelbarrow with like the guy from
0:17:36 South Park with giant balls in the wheelbarrow.
0:17:39 He’s got, I mean, these are, it’s really, really pretty crazy.
0:17:44 Another one, Quiver Cronitative is saying, depending on how GameStop moves tomorrow, his
0:17:48 net worth is about to pass the other great stock trader in history, Nancy Pelosi.
0:17:50 She’s currently at 245 million estimated.
0:17:55 He’s at 210, and they said two legendary investors at the top of their game.
0:17:56 It’s great.
0:17:57 It’s great.
0:17:59 This is a very captivating story.
0:18:02 Well, there’s, there’s the obvious question, which is, what do you do about this?
0:18:06 So during the first GameStop run up, I went through like whatever the, you know, the seven
0:18:07 stages of grief.
0:18:12 It’s like the seven stages of FOMO, which was, uh, first I ignored it, uh, irrelevant to
0:18:13 me.
0:18:14 Who cares?
0:18:18 Then I became dismissive, and I said, why are you guys wasting your time on this?
0:18:19 This is stupid.
0:18:20 This is not like GameStop.
0:18:21 Really.
0:18:22 There’s no like, you’re going to lose your money.
0:18:26 Then I became jealous as all my friends made money doing this and all those random strangers
0:18:30 on the internet who were doing the dumb thing were making the money.
0:18:36 And then I went to, uh, chasing FOMO, and I bought $100,000 worth of GameStop during
0:18:37 that last craze.
0:18:38 No way.
0:18:39 Did you really?
0:18:42 I think I made like, I don’t know what I made, I made like 50 grand or something like that
0:18:43 off of it.
0:18:44 Okay.
0:18:46 Like 50% I sold and I got out.
0:18:52 And then I became confused and then I went back to ignoring it again and that was my cycle.
0:18:54 And so the question is, what am I going to do during this cycle?
0:18:58 I already have ignored the first lean in meme saw that ignored it, didn’t even know what
0:18:59 to do with it.
0:19:03 Um, didn’t pay attention to the, uh, the next two tweets either.
0:19:05 I should be entering jealousy currently.
0:19:07 I’d all I need is a few text messages.
0:19:12 Uh, I’ll enter jealousy, but then I’ll chase, then I’ll, uh, you know, I’ll read the consequences
0:19:13 of that.
0:19:14 We’ll see what happens.
0:19:16 I think you should do nothing.
0:19:17 I will do nothing.
0:19:18 That’s the, that’s the honest opinion.
0:19:20 I think that that is a mature answer.
0:19:22 Even making money last time, it didn’t feel good.
0:19:28 It was, uh, have you ever read the Annie Dukes, uh, book where it talks about this term resulting?
0:19:31 No, it’s like, uh, she’s a poker player and it’s, you know, it’s the idea of you, you
0:19:35 pay a, you play a bad hand at poker, but you got lucky, you know, on the river, you got
0:19:36 your card.
0:19:38 And is your conclusion from that?
0:19:41 I’m a genius and this was a good play.
0:19:45 And like for a lot of people, unfortunately that is how they, they result.
0:19:48 If something goes badly, they assume it was a bad decision.
0:19:51 If something goes, goes well, they assume it was a good decision when actually like
0:19:57 the decision and the result are in many ways disconnected and you should be able to analyze
0:20:03 a decision without, um, without only basing it on, without only basing it on the result.
0:20:07 And so similarly, even though I made money last time, uh, I think that would be resulting
0:20:08 to say that was a good idea.
0:20:12 In fact, all I did was probably waste three days of my attention focused on this random
0:20:13 stock that who gives a shit.
0:20:17 So there’s one person in this story that’s not being discussed right now.
0:20:21 Um, and I think that over the next handful of months, he’s going to be a lot more famous.
0:20:24 Uh, and so that’s Ryan Cohen.
0:20:30 So Ryan Cohen, he is most famous for starting chewy.com, chewy.com was a pet food company.
0:20:35 My co founder, Joe, my business partner Joe also owned a pet food company first and then
0:20:39 chewy.com came about and chewy.com, their whole thing was we’re going to raise hundreds
0:20:43 of millions of dollars and we’re going to spend like crazy on marketing.
0:20:46 We’re going to lose money on our customers for a long time and we’re going to provide
0:20:51 such a wonderful experience that hopefully they come back for us and they like us so
0:20:52 much, whatever.
0:20:53 He was right.
0:20:54 Ryan Cohen was right.
0:20:55 Chewy.com worked.
0:21:00 My friend or my partner Joe’s company went out of business and it became a huge success.
0:21:01 He sold it for three and a half billion dollars.
0:21:05 Well, when he made his money, I think he made roughly $500 million.
0:21:11 He put virtually 100% of it into two stocks, Apple and Wells Fargo.
0:21:13 And there was this big article written in the Wall Street Journal about him.
0:21:20 And that’s when we started learning Ryan Cohen is different, not even amongst the average
0:21:22 person because he started and sold the company for that much money.
0:21:25 He’s different even amongst crazy people who are talented enough to do that.
0:21:26 David Goggins.
0:21:29 He’s uncommon amongst uncommon men.
0:21:34 And so he starts becoming an activist investor where he starts buying stakes in companies
0:21:36 that he thinks aren’t going so well.
0:21:38 Well, let’s do the numbers.
0:21:40 He put $250 million into Apple in 2017.
0:21:42 That stake is now worth over a billion.
0:21:43 Wow.
0:21:49 That happened with the Wells Fargo one, but he put $76 million into GameStop back when
0:21:51 it was like $4, $5 a share.
0:21:55 So he owns 13% of the company, 10%, 10 and a half percent now.
0:21:58 He’s also the CEO now.
0:22:01 So he’s been in, he’s actually running the company now.
0:22:02 He bought himself a job.
0:22:03 It’s working.
0:22:07 And he did the same with Bed Bath Beyond, which was for a minute another meme stock.
0:22:11 But he would buy, I believe if you buy a larger than a 5% stake in a publicly traded company,
0:22:14 you have to reveal, you have to disclose it.
0:22:17 And so he’s done that a few times and he’s become an activist investor where if he buys
0:22:21 5% of your company, that means something is going wrong as in management is screwing
0:22:23 up, but the company has potential.
0:22:27 And then Wall Street Bets and the rest of these crazy DGen retail investors see it and
0:22:28 they buy the company.
0:22:31 Anyway, Ryan Cohen has been present for all of this.
0:22:34 Ryan Cohen is only 37 or 38 years old.
0:22:35 He’s a young guy.
0:22:40 And he is still as of right now, I believe he’s still the CEO of GameStop.
0:22:44 And so GameStop and I’m very curious to see what’s going to happen with him over the next
0:22:45 handful of months.
0:22:50 And I would love to get him on the podcast because I think he is a guy who is not just
0:22:55 interesting for his chewy business, but I think that he’s a guy who thinks very, very
0:22:57 differently and has very strong will.
0:23:01 And we’re going to see a lot from him over the next handful of months, I think.
0:23:03 He only follows one person on Twitter.
0:23:04 Who?
0:23:06 Unfortunately, it’s not Roaring Kitty.
0:23:08 It’s just the GameStop corporate account.
0:23:09 Is it really?
0:23:10 It should follow.
0:23:11 It’s Roaring Kitty.
0:23:14 He should either swap it or go to two followers on Twitter.
0:23:16 Ryan, that’s my only criticism of you.
0:23:17 Otherwise, I have no notes.
0:23:18 Yeah.
0:23:20 So it’s just a crazy story.
0:23:22 Well, where is this guy now?
0:23:23 Where is Keith Gill?
0:23:27 In the movie, he was in Massachusetts.
0:23:30 And what do you know about Massachusetts in the wintertime?
0:23:31 It’s the worst, right?
0:23:32 Cold.
0:23:33 Bitter.
0:23:34 Cold.
0:23:35 Horrible.
0:23:37 He disappeared for the last two or three years.
0:23:38 Massachusetts in the wintertime?
0:23:39 Very uninspiring.
0:23:40 This guy just made a huge bet.
0:23:41 He needs some inspiration.
0:23:44 Where do you think he would be going now?
0:23:45 He should voyage around.
0:23:46 Voyage?
0:23:47 No, it’s not quite the right word.
0:23:49 He should scamper around?
0:23:50 No, no, no.
0:23:51 That’s not it.
0:23:52 That’s not the right word.
0:23:53 What do you think?
0:23:54 I think he should wander around.
0:23:55 I think he should wander around.
0:23:58 And that’s today’s sponsor, wander.com.
0:24:00 That was a good plug.
0:24:01 What is wander?
0:24:02 What is wander.com?
0:24:04 So wander is the dope business.
0:24:08 Me and you both invest in this because we are big believers in this.
0:24:12 We both like to travel, but when we travel, it’s like you got a couple of options.
0:24:16 The normal options were hotel, you go to a hotel and you’re like, okay, great, I’m staying
0:24:19 in this kind of like, I get all the luxury amenities, I get the service, but I’m in this
0:24:21 tiny box.
0:24:25 Or you go do a vacation rental, maybe on a Shmere B&B or something like that.
0:24:29 And you might get a bigger space, you might get more rooms, it feels like a home, but
0:24:32 now you don’t have the service and it’s like a box of chocolates, it’s like very hit or
0:24:34 miss what you’re going to get.
0:24:37 I was an Airbnb host and I could tell you my internet was definitely the cheapest internet
0:24:40 that money could buy and it was not very good.
0:24:45 Sam’s a stunning views where it is like plants right outside the windowsill.
0:24:47 Yes, it wasn’t great.
0:24:52 So wander basically operates a bunch of really fancy, luxurious properties that you could
0:24:53 stay in.
0:24:57 They built it so it’s kind of geared for like the remote workers, but also high end shit.
0:25:03 So every, most of their properties have gyms, they’ve got work desk setup.
0:25:05 Check this out.
0:25:10 So I’m looking at a trip right now that I was going to take with my family because I
0:25:12 want to get out of the house a little bit.
0:25:17 And I was like, originally planning for a hotel, but a hotel, now I now have three kids, three
0:25:23 kids that are under the age of five and a hotel room now is actually Guantanamo Bay.
0:25:28 If you put all five of us in a room, we just put the do not disturb thing up there out
0:25:29 of shame.
0:25:30 We’re like, don’t come in here.
0:25:31 You don’t want to know what’s going on in this room.
0:25:34 This room is like chaos right now.
0:25:35 It’s Guantanamo Bay Bay in there.
0:25:38 So that’s not working.
0:25:39 But I would still want to be able to get shit done.
0:25:40 So like check this place out.
0:25:42 I’m showing you this, this one that’s at Bannon Beach.
0:25:43 So wander has this location.
0:25:45 Look how sick this is.
0:25:46 So all of their places are like this.
0:25:51 They’re like just like pure, it looks like it’s straight off of Pinterest or Instagram.
0:25:52 It’s like dream location.
0:25:54 It looks like a desktop.
0:25:55 Like a screen.
0:25:58 Well, like look at just like the work setup, the work desk setup at this place.
0:26:01 It’s like you have the standing desk, big monitor, Apple keyboard.
0:26:05 They got like, we have fast internet for real and we have a razor mouse for you.
0:26:06 They have everything.
0:26:08 It’s like, here’s where you can do the podcast.
0:26:09 Here’s the gym.
0:26:10 Here’s the views.
0:26:11 Here’s the beds.
0:26:13 And this one has a sauna too.
0:26:14 They have like 24/7 like concierge.
0:26:16 They have like a cleaning service.
0:26:19 They have everything versus, you know, you have to do it all yourself.
0:26:24 It’s like, you want to stay in a home, but it shouldn’t feel like homey, right?
0:26:27 In the same way that like, you don’t want your meat to be gamey, right?
0:26:31 It’s like, I kind of do like the luxury shit and that’s why I like Wander.
0:26:33 So if you’re looking to travel, check them out.
0:26:34 Wander.com.
0:26:35 They have amazing properties.
0:26:36 I think like 200 now.
0:26:37 These guys are growing really fast.
0:26:41 So they grew to like 200 locations in like 18 months or something insane.
0:26:43 Well, that’s the plug.
0:26:44 That was a great plug.
0:26:45 Yeah.
0:26:46 If we don’t say so ourselves.
0:26:47 Yeah.
0:26:48 That was a great plug.
0:26:49 Wander.com.
0:26:50 Check it out.
0:26:52 Sean, you’ve been gone for three and a half or four, three and a half weeks now.
0:26:53 How you been?
0:26:55 Me too, but who’s counting?
0:26:56 I’m good.
0:27:01 Paternity leave is harder than working for sure.
0:27:06 So like, couldn’t wait to be done with it.
0:27:08 I have realized a few things about myself.
0:27:14 One thing I’ve realized is I love being an uncle and I love being a fun dad.
0:27:18 But to be the primary caretaker of kids is so hard.
0:27:23 And whoever like, you know, whoever created this myth of like, you stay at home with the
0:27:27 kids and I’m going to go do the work, the greatest marketer of all time.
0:27:30 That is, that is a great reframe of what’s actually going on.
0:27:33 It is so much work to be at home with kids, but it’s great.
0:27:34 Everybody’s healthy.
0:27:35 Everybody’s happy.
0:27:36 So I’m feeling good.
0:27:40 Did you do any work over the last since your kid was born?
0:27:41 Not really.
0:27:43 No, just a few, a few voice notes here and there.
0:27:44 Did you enjoy that?
0:27:49 No, like I told you, I am again, like I did other work.
0:27:52 It’s just work that’s like, you know, more like changing diapers and like, you know, cleaning
0:27:53 up spit up.
0:27:58 Enjoy like lack of screen or lack of thinking about like business.
0:27:59 Yeah.
0:28:04 So one thing I did do is I shifted to doing a lot more creative stuff.
0:28:09 So I, so I read a lot more, which I normally don’t read because I feel pretty unproductive
0:28:13 if in the middle of the day, I’m just like, yeah, I’m going to just take a couple hours
0:28:17 and just curl up on this couch and read a book.
0:28:22 That seems completely unproductive, even though for my, my, my job, my life actually
0:28:26 can be, that actually can be really productive for what I do, but I just have a guilt when
0:28:27 I do that.
0:28:28 So in this, I had no guilt.
0:28:32 I like playing the piano again, which was like just like a fun thing I could do with
0:28:33 my kids.
0:28:34 So I’m playing the piano.
0:28:36 I’m swimming with my kids all the time.
0:28:37 I’m, you know, reading books.
0:28:43 I started working on some like comedy stuff that I’d always wanted to do, like just dabbling
0:28:45 and like, Oh, how would I do this?
0:28:47 I went and saw a stand-up show.
0:28:48 I went and saw a play.
0:28:53 Like the stuff I wasn’t doing before, that was very much more in a like art creativity
0:28:55 mindset versus productivity.
0:28:56 Did you go by yourself?
0:28:57 No, no.
0:29:03 I took my mom to the comedy show and I went to the play with some friends.
0:29:04 The play is actually pretty interesting.
0:29:07 Have you seen or heard about the Lehman Brothers play?
0:29:08 I saw you share it.
0:29:09 Yeah.
0:29:10 I think that, I mean, it sounded awesome.
0:29:11 I’ve never heard of it other than your share.
0:29:14 So I feel, I wish there was more of these things.
0:29:15 This is really cool.
0:29:16 So there’s a Broadway play.
0:29:18 It’s basically the Lehman Brothers story.
0:29:20 What I thought it is, I thought it’s going to be the await crash.
0:29:24 I thought it’s going to be the big short, but as a play and I was like, Oh, great.
0:29:25 Big short as a play.
0:29:26 I’m in.
0:29:27 But that’s not at all what it is.
0:29:29 It’s basically the story of the Lehman Brothers.
0:29:35 It ends like, it’s the play ends the first day of the, of the crash.
0:29:36 It doesn’t even show the crash.
0:29:38 It’s like implied, you already know what happens with the crash.
0:29:43 It’s the hundreds of years before that of how Lehman Brothers even became to be one of
0:29:46 the four biggest like investment banks in the country.
0:29:52 And it’s a pretty wild play because there’s only three actors in the entire play.
0:29:57 It’s three and a half hours long, which is way too long to be honest, but these actors
0:29:58 are super talented.
0:30:01 They basically carry this thing for three and a half hours.
0:30:04 And it’s also pretty fascinating because I did not know this history.
0:30:08 And it’s kind of like reading a biography, but as a play.
0:30:09 And when I watched it, I was pretty inspired.
0:30:12 I was like, I wish there was more business entertainment like this.
0:30:14 Like, I am really into things like this.
0:30:18 I could, if I was this interested in the Lehman Brothers story, which I was not curious
0:30:23 about before, I feel like there could be a hundred times more content like this.
0:30:24 And I’m kind of inspired to try to.
0:30:28 I think that would be the greatest pivot ever.
0:30:29 Not quite pivot.
0:30:31 I think you should 100% explore this.
0:30:33 I think that would be awesome.
0:30:36 I think that I am exploring this not only as a play.
0:30:42 I’m not sure if it plays the exact form factor, but something more in this style of content,
0:30:45 not tweet newsletter, podcast, YouTube.
0:30:47 I think all I do is that a podcast, YouTube.
0:30:50 And I’m just like, I feel lame doing it.
0:30:53 Whereas if I did something like this, like a grand creative act, I think it would be
0:30:55 a lot more fulfilling, a lot higher risk too.
0:30:57 What’s the play called?
0:30:59 The Lehman Brothers trilogy, I think.
0:31:00 And who wrote it?
0:31:01 And like, did you research?
0:31:04 Yeah, I started looking into them and I started trying to figure out like, how successful
0:31:05 is this thing?
0:31:06 And I started doing the thing, right?
0:31:07 I’m counting the seats.
0:31:12 During, you know, one of the two intermissions of the play, because it’s three and a half
0:31:13 hours long.
0:31:14 They have two intermissions.
0:31:17 I’m trying to figure out like, how successful is this thing and how long has it been running
0:31:18 and all that stuff.
0:31:19 So what’s the background?
0:31:20 I’m looking out.
0:31:21 I’m trying to look it up now.
0:31:24 There’s not, it’s not too, not many people have written about it.
0:31:27 I think it like started in London and then it’s kind of like fanned out from there.
0:31:32 So this was opening night in the San Francisco location that I went to.
0:31:34 And to be honest, there was a lot of empty seats, but I also didn’t understand because
0:31:36 when I went to buy tickets, there was like no tickets available.
0:31:40 I think either they screwed up their ticketing system or I don’t know why half the seats
0:31:41 were empty.
0:31:44 But yeah, anyways, the point is, I think there should be more like this and I kind of want
0:31:45 to create it.
0:31:49 I’m also slightly intimidated because I’m like, I really have no idea where I would
0:31:50 start.
0:31:52 Never done anything like this.
0:31:55 And so, which is a good feeling to be in, because I know the answer is, well, you just
0:31:58 start putting one foot in front of the other and like, today, it’s, it’s the moist quote
0:32:02 that I’ve shared a hundred times on this podcast, which is, today, I know nothing about deodorant.
0:32:05 But in six months, I’ll know everything there is to know about deodorant.
0:32:08 And that’s how I would have to approach this because I know nothing about this.
0:32:11 Have you ever read the story about Sylvester Stallone and Rocky?
0:32:16 He was a nobody and he wanted to make this movie and he wrote the screenplay.
0:32:17 The story is even better than that.
0:32:18 He did not want to write a movie.
0:32:19 He wanted to be an actor.
0:32:20 That’s right.
0:32:24 And he goes to auditions and he keeps getting turned down and they’re like, because I mean,
0:32:28 if you hear Sylvester Stallone talk, like his voice is like, his mouth moves in a weird
0:32:29 way.
0:32:30 His voice is sort of strange.
0:32:33 So he just kept getting nose.
0:32:37 And instead of just taking the no and just saying, well, I guess I’m just not cut out
0:32:38 for this.
0:32:42 He’s like, if they won’t put me in a movie, I’ll put me in a movie, which is one of the
0:32:45 greatest like big dog moves anybody could ever have.
0:32:46 Right.
0:32:51 Like what’s the opposite of no small boy stuff is to say, if they won’t cast me, I’ll cast
0:32:53 myself and he hates writing.
0:32:56 So he’s never written a movie before and he actually hates writing.
0:32:58 He’s not good at it.
0:33:03 But the best part of the story is that he just ratchets up the intensity to level 12.
0:33:06 So he decides, I don’t know how to do this.
0:33:11 So I’ll just, why don’t I just not come out of this house until I’ve written the play
0:33:14 or the screenplay.
0:33:16 And so he wakes up, he’s like, I’m going to start writing.
0:33:18 I’m not going to do anything else.
0:33:20 I will not leave this house until this is done.
0:33:23 That’s the only way I know I could force myself to get through the thing I don’t like to do,
0:33:24 which is writing.
0:33:26 How long did it take him?
0:33:27 And he goes even further.
0:33:30 He paints the windows black.
0:33:33 He’s like, not only will I not leave my house, I didn’t want to be able to look out the window.
0:33:35 So he literally painted his windows black.
0:33:38 And so this has become a phrase that I use with Ben a lot, which is, you know, let’s
0:33:42 paint the windows black on this, which is how do you have a phrase for what it means
0:33:46 to turn the intensity knob up all the way where it breaks and you’re just holding the
0:33:49 knob and now the intensity is stuck at level 12.
0:33:50 And that’s painted the windows black.
0:33:54 And so then in three days, he wrote the V one of the script of Rocky.
0:33:56 He then, and then it’s even better.
0:34:00 The story is actually like, I don’t know all the details, but here’s like the rough version
0:34:01 of the story.
0:34:03 I apologize if I get something wrong.
0:34:08 He goes to, to sell, to, to like get the movie made now.
0:34:09 And actually they like it.
0:34:13 They’re like, we like this.
0:34:14 He’s like, awesome.
0:34:15 And I’m Rocky.
0:34:16 They’re like, not that part.
0:34:17 We like it.
0:34:18 We are not Rocky.
0:34:19 And they’re like, what?
0:34:20 He’s like, no, I’m Rocky.
0:34:22 That’s why I wrote this thing.
0:34:24 And I think they were like, you know, you could do this other role.
0:34:25 He’s like, no way.
0:34:26 Give me my script back.
0:34:29 And they’re like, look, look, we’ll give you $200,000.
0:34:33 They offered him 300 grand, which is the equivalent of a million bucks today.
0:34:37 And he said, he goes, I had $106 in my bank account in the bank account.
0:34:39 He turns it down.
0:34:40 Things are pretty rough.
0:34:44 He ends up selling his dog to like make ends meet.
0:34:45 What a dick.
0:34:46 What a dick.
0:34:47 He sells his dog.
0:34:50 I think he also couldn’t like afford to feed the dog also because he couldn’t really afford
0:34:51 to feed himself either.
0:34:52 So he sells his dog.
0:34:55 We’re going to sell your kid hundreds of bucks.
0:35:01 He then goes and he finally get, he finally, I think, sells a thing for 25 grand or something
0:35:03 like way less than what he was going to get.
0:35:07 And he gets to be Rocky after Rocky comes out and it’s a success.
0:35:13 He goes back, buys the dog back for 35 grand because the guy was like, no, I like this
0:35:14 dog.
0:35:15 And he’s just like, makes him an offer.
0:35:16 He can’t refuse.
0:35:18 Like I’ll give you $35,000 for this dog back.
0:35:24 And that is the story of Rocky, which is insane because the story of Rocky of how he got made
0:35:28 is more inspiring than the actual story of Rocky in the movie.
0:35:29 And he wins an Oscar that year.
0:35:31 Maybe that’s my first play.
0:35:35 It’s the story of Sylvester Stallone writing Rocky.
0:35:36 That’s a great idea.
0:35:37 And he goes to the Oscars.
0:35:40 They win the Oscars and he goes, 10 months ago, I was a valet driver.
0:35:43 I was parking cars right here at the Oscars today.
0:35:44 This is a great story.
0:35:47 This is your story to the half a million people that are going to listen to this.
0:35:49 Do not steal my goddamn idea.
0:35:51 We’re leaving this in, don’t steal my idea.
0:35:53 That’s actually the beauty of this.
0:35:57 No one’s going to steal my idea because who the hell is going to go try to make a play?
0:35:59 You turned me on to this guy on Twitter.
0:36:00 I don’t know.
0:36:02 I think his name is Zach prod.
0:36:06 So Zach is this guy who’s like, he’s like a 210 pound beef cake.
0:36:10 He’s a big guy, which means like, if you look like a donkey, you’re not exactly going to
0:36:13 think like this guy’s going to be a good long distance runner.
0:36:16 But turns out he likes running and he’s running the marathon now under three hours, which is
0:36:19 like really fast, particularly for someone who’s that huge.
0:36:23 And he’s got this whole shtick called the year of obsession and all he does is tweet
0:36:29 out, he goes, if I could, I would just run and lift weights 24 hours a day.
0:36:30 I’m so sad.
0:36:31 I have to sleep.
0:36:33 Like he tweets like crazy things out like that.
0:36:38 And it is a little cringe, but I think it’s more inspiring to be honest than it is cringe.
0:36:40 I actually think it’s quite awesome.
0:36:43 I do think that crazy people like that are pretty cool.
0:36:48 But he, that’s what your life needs to be over the next year, the year of obsession.
0:36:49 Paint the windows black, baby.
0:36:53 And his whole thing is he does a running club in New York City every Monday at 7am.
0:36:55 All these people meet and go for runs with them.
0:36:56 And he goes, here’s the rules.
0:36:58 You got to be at this place at 7am.
0:37:01 We’re going to run this many miles and then we’re going to sprint afterwards and you must
0:37:02 wear black.
0:37:05 And so his whole thing is everyone who’s following him or who’s like into this, they put like
0:37:08 a little black emoji next to their name.
0:37:09 I think it’s awesome.
0:37:10 That’s what that’s what you need to do.
0:37:11 You already wear the black t-shirts.
0:37:14 Now you got to paint the windows black and you’re going to write the Sylvester Stallone
0:37:15 story.
0:37:16 Yeah.
0:37:17 That’s really good.
0:37:19 By the way, you said this thing, run club.
0:37:21 What’s the deal with run clubs?
0:37:22 I feel like I’m getting my sign filled on.
0:37:24 What’s the deal with run clubs nowadays?
0:37:28 This is, I saw this take doc that really spoke to it.
0:37:33 This guy posts and he goes, was there like a thing like, did I miss something?
0:37:36 Maybe the pandemic was pretty, a pretty crazy time.
0:37:40 I was inside for a lot like, did something happen where everybody started running?
0:37:44 He’s like, everybody I know runs now.
0:37:45 And that’s cool.
0:37:46 Running’s good.
0:37:48 But where, why did everybody decide to start running?
0:37:51 And like, why are the run run clubs are like an insane thing now?
0:37:53 Have you been paying attention to this?
0:37:54 Yeah, I have.
0:37:55 And I’ll explain to you what I think happened.
0:37:57 So basically there’s this guy, Nick Bear.
0:37:59 We had Nick Bear on the podcast.
0:38:00 I don’t think you’ve ever made it with Nick.
0:38:01 Have you?
0:38:02 Yeah.
0:38:03 Maybe once.
0:38:04 I did one with him.
0:38:05 Yeah.
0:38:06 But then I tried to leave, you know, it’s kind of like when your roommate hangs a sock on
0:38:07 the door.
0:38:08 I was like, okay, let me leave Sam alone with the beef.
0:38:13 But you guys can, you guys can admire each other’s nipples for the next hour and a half.
0:38:14 That’s cool.
0:38:15 I’ll just take the pot off.
0:38:18 Nick Bear is a beefcake amongst beefcakes.
0:38:24 Nick Bear is, he looks like a, he looks like if you like, the wagyu version of the obsession
0:38:25 guy.
0:38:26 Yeah.
0:38:30 If you were to like take a Greek statue and put it into a white guy who’s rated in the
0:38:32 Midwest, it would look like Nick Bear.
0:38:35 So Nick Bear is this, he owns Bear Nutrition.
0:38:39 He’s a supplement company, but he has this shtick called the hybrid athlete and the hybrid
0:38:43 athlete basically means, uh, someone who likes to lift weights and run, because typically
0:38:46 runners, uh, look like not great.
0:38:47 They look very skinny.
0:38:49 You can be skinny fat and a great runner.
0:38:51 His whole deal was like, I’m going to lift weights while I run.
0:38:53 He’s been doing this for many, many, many years now.
0:38:56 At this point, he’s got one or two million followers on YouTube.
0:38:58 And I think he helped popularize this thing.
0:39:02 And so now a lot of these young men, uh, who like to lift weights, they’re saying, I actually
0:39:03 want to go running as well.
0:39:06 And so they’ve made it popular to go running and it’s also a very social thing.
0:39:10 So in Austin, run clubs have been getting very, very popular.
0:39:15 And so on the trail that I will go and walk on or ride my bike or run, you see tons of
0:39:19 groups of runners and it’s very popular and you’re starting to see pop up in other cities.
0:39:23 In fact, the woman who runs, uh, my little project Sam’s list, she used to work for a
0:39:26 company that was trying to make money on run clubs.
0:39:29 I think that’s a stupid idea because I think it’s incredibly challenging to make money
0:39:31 off that, but it’s a cool idea that they exist.
0:39:32 Cool guys start running, right?
0:39:33 Influencers.
0:39:36 So, uh, have you seen this one in Austin called the raw dog run club?
0:39:38 No, that sounds awesome.
0:39:42 The branding is, it’s a run club, beautifully done.
0:39:43 The branding is amazing.
0:39:49 So go to instagram.com/rawdogdawg.
0:39:54 Here’s the profile, raw dog, Austin, Texas, sexy faces at sexy paces, Saturdays at eight
0:39:55 a.m.
0:39:57 Location posted weekly open all just show up.
0:39:58 I’ve seen this guy.
0:39:59 Yeah.
0:40:00 Look at the photos.
0:40:02 Look at this.
0:40:03 It’s Coachella.
0:40:05 It’s Lollapalooza.
0:40:09 It’s every festival you’ve ever seen, but they’re just running instead of, you know,
0:40:11 drinking, listening to music.
0:40:12 They made it really fun.
0:40:13 They made it sexy.
0:40:14 I love the branding of this.
0:40:19 This is kind of like the pinks window washing, uh, like branding level thing.
0:40:23 I’ve never done this and I would never do this cause I hate running, but I really respect
0:40:26 the way these guys are building the community and the brand around this.
0:40:30 If you want to go down a kind of interesting branding and community rabbit hole, study
0:40:31 these guys.
0:40:33 I think they’re doing a lot of things right.
0:40:34 Go look at their tiktoks.
0:40:35 Go look at their Instagram.
0:40:36 Go look at their website.
0:40:37 Go look at everything that they’re doing.
0:40:40 And I think that they are doing a lot of things well.
0:40:45 I also think that if I’m one of these influencers like a Cody Co or whoever, I would 100% lean
0:40:50 into making a national, um, like run club where, you know, the way we’re doing our MFM
0:40:53 meetups, which like, to be honest, we didn’t do anything, so we should take zero credit
0:40:54 for this.
0:40:59 The way that the community started self organizing MFM meetups so that a bunch of like, like-minded
0:41:02 dreamers and schemers get together in some city and they hang out, they get to learn
0:41:04 about each other’s businesses and it has nothing to do with us.
0:41:09 But like we were the, we were the reason that they got together, that they found each other.
0:41:12 But then from there on, they had their own little community, which is really great.
0:41:15 Um, and by the way, we should shout out, I don’t know what’s the URL for that.
0:41:17 It’s like get river.com or something.
0:41:19 Uh, I don’t know if you want to go to a meetup, you should do it.
0:41:22 Uh, I think that is one of not get river.com for sure.
0:41:27 That is something else all together.
0:41:28 What is that?
0:41:30 It’s called a get river.io.
0:41:33 I think I just opened up like onlyfans, basically.
0:41:35 So it’s get river.io.
0:41:38 And then if you go to the website, you’ll see, I think we’re on the front page.
0:41:39 So you’ll see it.
0:41:42 August 1st, there’s meetups in San Francisco, Bay Area, wherever, right?
0:41:47 So the getting people together in real life for real life experience, um, off of your
0:41:50 online community, even though you’re not there as the creator, I think it’s a really
0:41:52 smart move for whoever does that.
0:41:55 And whoever, like, you know, if I’m Nick or if I’m Cody Co, if I’m one of these guys,
0:42:00 I’m going to lean into that because it deepens people’s kind of connection relationship with
0:42:03 you and it creates this kind of grassroots movement.
0:42:07 And if you end up, and you could end up building a business around that, right?
0:42:11 Because you could sell, you know, those products that people have, what, what are those things
0:42:17 like goo and like, um, what else, like all the runner products, right?
0:42:19 Or, uh, the electrolyte drinks, by the way.
0:42:23 So the club that you’re referring to, raw dog, they’re based in Austin.
0:42:25 The guy who started it is they’re all young kids.
0:42:27 So you look like they’re 23, 24, 25.
0:42:29 He actually works for Nick Bear.
0:42:32 Uh, and so, and he’s a former professional bodybuilder.
0:42:38 And so it is sort of rooted in that in, in this like 20 people who have kind of started
0:42:39 this thing.
0:42:40 All right.
0:42:43 If you’re listening to this pod, I already know something about you.
0:42:46 You, my friend, are nosy.
0:42:49 You want to know the numbers behind all of these things that we’re talking about.
0:42:53 How much money people make, how much money people spend, how much money businesses make.
0:42:56 You want to know all of this people’s net worth, all of it.
0:42:57 Well, I’ve got good news for you.
0:43:01 So my company Hampton, we’re a private community for CEOs.
0:43:04 We do this thing where we survey our members and we ask them all types of information,
0:43:08 like how much money they’re paying themselves, how much money they’re paying a lot of their
0:43:12 employees, what their team, my bonuses are, what their net worth is, what their portfolio
0:43:13 looks like.
0:43:15 All of these questions, but we do it anonymously.
0:43:18 And so people are willing to reveal all types of amazing information.
0:43:21 So if you really cannot Google, you can’t find anywhere else and you could check it
0:43:27 out at joinhampton.com, click the report section on the menu, click the salary and compensation
0:43:28 report.
0:43:29 It’s going to blow your mind.
0:43:30 You’re going to love this stuff.
0:43:31 Check it out.
0:43:32 Now back to the pod.
0:43:34 There’s another good example.
0:43:36 So we talked to Jesse Itzler.
0:43:40 He didn’t tell us too much information, but do you know this thing called Jesse Itzler
0:43:43 started a company with this other guy and the other guy recently joined Hampton and
0:43:45 that’s how I got to talk to him.
0:43:49 It’s the name of the business is the height of Mount Everest.
0:43:51 So it’s 29,029.
0:43:53 I don’t know if you pronounce 29029.
0:43:58 I don’t know how you exactly pronounce it, but they do eight figures a year in revenue.
0:44:02 And what they do is they have got these events all over the country and they pick a really
0:44:06 tall hill or mountain and you climb up that short mountain as many times as it takes to
0:44:08 equal Mount Everest.
0:44:11 So it’s like the whole stick is like you can climb Mount Everest or at least the height
0:44:15 without actually having to go to Asia and do that.
0:44:18 And it’s a great company.
0:44:22 These guys do really well and they have, I think they have hundreds for sure dozens of
0:44:23 events throughout the year.
0:44:27 And it’s one of the events that I’ve seen that’s killed it.
0:44:29 And I’ve always been interested in these racing events.
0:44:35 And so like for example, Ironman right before COVID happened, Ironman was acquired by a Chinese
0:44:39 billionaire and they’ve tried to make it significantly larger.
0:44:41 And I think they’ve done a good job of that.
0:44:43 And so some of these events are actually really fascinating.
0:44:48 Have you heard of this other one called the, I think it’s called the country marathon?
0:44:49 Have you ever?
0:44:50 No.
0:44:51 No, sorry.
0:44:52 Maybe it’s called the rock and roll marathon.
0:44:57 But anyway, what it was is in Nashville, they had this where for 26 miles every mile
0:44:59 they had a band play.
0:45:03 And so it was called like, is it called like the rock and roll, rock and roll running series.
0:45:04 I see.
0:45:05 Yeah.
0:45:08 I believe that business was acquired for nine figures.
0:45:14 And it started as a kind of small niche thing where they had music every, every mile.
0:45:19 And so there are actually some of these really interesting endurance events businesses where
0:45:23 they just have one cute stick on it and that makes it kind of cool.
0:45:25 There’s another one called the speed project.
0:45:26 Have you seen the speed project?
0:45:30 So the speed project, they don’t listen to this, the speed project doesn’t have a website.
0:45:34 You can find it on Instagram, but it’s invite only.
0:45:39 And so the race has, I think only one rule or two rules, the race has two rules.
0:45:44 They start at the Santa Monica Pier and you either you by yourself or you with a four
0:45:47 person crew have to make it to Las Vegas.
0:45:51 And the rules are basically you can go there any way you want, but you have to be running
0:45:52 so you can’t get in a car.
0:45:54 You have to run the whole time.
0:45:56 And number two, you just got to get there.
0:45:58 And so you can take any route.
0:46:01 And there’s no website other than you have to be invited to do it.
0:46:03 They don’t really, to really announce when it’s going to happen.
0:46:04 And it’s gone.
0:46:07 But whenever it happens every year, it kind of goes viral where you see like a handful
0:46:09 of influencers who you like, they’re like, what is this speed project?
0:46:10 Why are they there?
0:46:11 Right?
0:46:12 It’s super fascinating.
0:46:15 My friend did it and got second.
0:46:16 I have two things to say about this.
0:46:21 Number one, if you’re the type of person that likes to do these and you’re like world-classed
0:46:23 organizing these, hit me up.
0:46:24 So Sean@SeanBerry.com.
0:46:28 I have a small Google doc of ideas that I thought would make for a really awesome event
0:46:32 that would be like just fun and awesome if it existed.
0:46:36 But I will never do the work myself of organizing these.
0:46:39 The second thing is, what is the pickleball of running?
0:46:43 I’ll let you do on that.
0:46:49 So what I mean by that is pickleball took tennis, made it faster, cheaper, smaller,
0:46:55 more accessible to all ages and all sizes of people, right?
0:46:56 Who’s going to do that for running?
0:47:00 So who can make running less of a marathon or an Iron Man?
0:47:01 Literally.
0:47:02 Who’s going the other direction?
0:47:07 Who’s going to shrink it into like, it might just be sprints, maybe sprinting is more
0:47:08 like pickleball.
0:47:09 I was a sprinter in college.
0:47:13 There’s no sprint events for grown men and sprinting is way better for you anyway.
0:47:17 Hamstring insurance is needed for sure if you’re going to put adults in like, hey, just
0:47:18 come out, come out here and sprint.
0:47:23 But I do think that there’s got to be something like this or we made this joke on the pod where
0:47:29 I was at a dinner and this guy goes, yeah, he goes, we goes, yeah, every Saturday morning
0:47:34 we walk the trail, we walk a mile to our favorite like kind of brunch spot.
0:47:37 We drink a beer and then we play pickleball for an hour or something like that.
0:47:42 And he’s like, I call it the suburban Iron Man.
0:47:47 And I was like, holy shit, he’s got something here with this branding of like the suburban,
0:47:53 the suburban dad dad bod version of a fitness competition where it’s more about the fun
0:47:58 and just getting out there and doing something because I think in the jobs to be done of
0:48:03 what’s going on in these races, you have many things that are being bundled.
0:48:07 You have the fitness component, you have the social component.
0:48:10 I think a lot of these run clubs, by the way, have a big dating component because I think
0:48:15 you want to meet people in a context where everybody’s, you know, sweaty, sweaty, it’s
0:48:19 sexy and just, you know, everybody’s, it’s like a positive vibes community.
0:48:20 You’re going to talk to anybody, approach anybody.
0:48:21 I think there’s a dating component.
0:48:25 So you have the social, you have the fitness, you have the photo component, which is how
0:48:29 do I do something that I can brag about on social media, right?
0:48:32 How can I go post something on social media that makes me feel better than the average
0:48:33 person?
0:48:37 And that’s how Tough Mudder and Spartan Race, like that was huge for them.
0:48:39 So I think there’s a bundle of things that you’re getting out of these.
0:48:43 And then the last one is kind of like getting people out of the general feeling of softness
0:48:46 in their life, which is, it’s just very real.
0:48:50 And I think only going more and more over time as we spend more and more time on our
0:48:55 devices and AI goes and makes our life even more, you know, everything you want out the
0:48:59 touch of a button, people still want something difficult, physical to go do.
0:49:05 So I think you can unbundle part of that and make it maybe ramp up the social and put down
0:49:06 the physical, right?
0:49:09 Or ramp up the photo and, you know, whatever.
0:49:11 So I think you can unbundle that in a way.
0:49:14 So let me tell you something really quick and then we’ll wrap up on the segment.
0:49:17 But Google, hi, I think you pronounce it high rocks.
0:49:20 So H Y R O X.
0:49:21 Don’t go to the website.
0:49:23 Just click images.
0:49:26 So this guy, I think his name is Christian.
0:49:29 He used to work for Iron Man, the company Iron Man.
0:49:33 And about seven years ago, he started this thing called high rocks.
0:49:36 And they have events throughout the year as well as a world championship.
0:49:38 The world championship just happened on Saturday.
0:49:41 Oh, I saw, I just saw this on Twitter, somebody was like, these high rocks things kill.
0:49:44 And it was like a photo that just looked massive in scale.
0:49:46 It’s like an airplane hangar or something.
0:49:47 What is this thing?
0:49:49 So they rented out this year, it was in Brooklyn.
0:49:52 So I imagine they rented out like a whole pier.
0:49:57 And the way it works is I think the event changes every time, but I’m not exactly sure.
0:50:01 But basically they rent out this huge area and you have to do a series of five exercises
0:50:02 in a row.
0:50:04 And the first person that wins, wins the whole thing.
0:50:08 And so the exercises are something like lunges with a weight on your back.
0:50:11 And then it’s rowing a certain amount of meters.
0:50:14 And then it’s running a certain amount of miles.
0:50:17 And then throwing like a, a, a weighted ball in the air.
0:50:19 Like you got to like throw it in the air a bunch of times.
0:50:26 It’s basically the my first muscle challenge, but like real men and yeah.
0:50:32 And the winner did it in an hour, which means I imagine the race is an hour to three hours
0:50:34 depending on how slow you are.
0:50:38 And if you look at the photos, it’s all people wearing all black and they’re all smoking
0:50:39 hot.
0:50:41 Like everyone who does this is good looking.
0:50:46 And so it’s sort of like CrossFit, but CrossFit kind of has a douchey component to it.
0:50:51 This somehow toned it down and they added like a New York, all black Brooklyn like swag
0:50:52 to it.
0:50:53 And it’s awesome.
0:50:58 So Lance Armstrong competed in it this, uh, this Saturday, uh, literally the Equinox version
0:50:59 of CrossFit.
0:51:03 And I think they’re killing it.
0:51:07 And this, uh, Ken Rideout, who was a guest on our podcast, uh, uh, a few times or once
0:51:10 he, uh, I hung out with him recently, he was like, Hey, I’m going to be in New York.
0:51:11 I’m going to do this race.
0:51:13 He got third or fourth or something like that.
0:51:16 And I went and looked at the Instagram of the people who want it.
0:51:18 And it’s their whole life.
0:51:20 So now they’re like dedicating their life to this.
0:51:23 And so when you, when I saw that, I was like, this business is going to be huge if people
0:51:27 are like, it’s like a lot of X, uh, a lot of X college athletes who are like, Oh, this
0:51:30 is like an interesting outlet where I can make a little bit of money and continue to
0:51:31 train.
0:51:35 Cause I’m not good enough to like be a professional at whatever sport I was doing.
0:51:37 I think this business is, is killing it.
0:51:41 And I think we’re, we’re going to see a large exit from these guys.
0:51:42 Very interesting.
0:51:47 Man, this is a, it’s a much bigger space than I would have guessed.
0:51:48 For sure.
0:51:49 And I think you’re seeing a COVID bounce.
0:51:53 So I don’t know about you, but as I work from home all day, I’m normally, I don’t really
0:51:57 like hanging out with people, but I’m like, I need someone to touch me.
0:52:03 Like I just, I like, I need a man to put his arm on my back and ask how I’m doing.
0:52:04 Or like, you know what I mean?
0:52:07 Like I feel like I like, I need more touch and stuff.
0:52:11 And like, dude, if you’re 22 years old and you’re working remotely, I feel really sorry
0:52:13 for you that you don’t get to experience some of the stuff that we get to experience.
0:52:16 And I feel sorry for myself, frankly, that I’m still not experiencing it.
0:52:20 And so as someone who doesn’t like to go to these events, I’m, now I’m like, I want to
0:52:21 go meet people.
0:52:22 I need to go do this stuff.
0:52:23 I need to try it.
0:52:24 So I think that’s what’s happening.
0:52:25 That’s very cool.
0:52:26 Uh, yeah.
0:52:27 This is a great, great segment.
0:52:32 Um, can I leave you with one interesting thing that happened to me in our catch-up segment
0:52:34 here?
0:52:41 I got a phone call the other day that kind of blows my mind and makes me, I feel simultaneously
0:52:46 grateful, embarrassed and inspired.
0:52:49 You might be wondering what could possibly make me grateful, embarrassed and inspired
0:52:50 at the same time.
0:52:51 Here’s what happened.
0:52:52 Scott Harrison calls me the other day.
0:52:54 And I see this voicemail from Scott Harrison.
0:52:55 Scott Harrison is the founder of Charity Water.
0:52:58 He’s been on the pod once and he’s an incredible guy.
0:53:02 I’ve told a story before, but I’ll, I’ll leave that out for now.
0:53:06 He’s definitely somebody in my like top five people I admire.
0:53:08 If you said, which entrepreneurs do you admire?
0:53:11 I’d be like, Scott Harrison is up there.
0:53:17 Um, the short version of why is the guy is using his entrepreneurial talents to kind
0:53:19 of save the world in a way.
0:53:21 He’s providing clean water to people who don’t have it.
0:53:25 Which once you see firsthand, you feel like something’s wrong in the world that people
0:53:30 don’t have clean water to, to, you know, to drink or to bathe in or sanitation, all that.
0:53:32 He’s been doing it for a long time.
0:53:37 He could be, he could be making himself rich some other way if he wanted to, but he decided
0:53:38 to devote his life to this.
0:53:41 And he didn’t, the best part of why I admire him is cause he didn’t start that way.
0:53:42 Right.
0:53:45 There’s some people who they do amazing things and you’re like, they’re just sort of born
0:53:46 mother Teresa.
0:53:49 This guy was like a, uh, party or right?
0:53:53 Every boy, you know, he was, he’s like, I was living every deadly sin you could for
0:53:55 a period of time for 10 year period of my life.
0:54:01 And he turned it, or he sort of decided to make a shift and ended up doing this.
0:54:02 Anyways, here’s the story.
0:54:03 Cause Scott calls me.
0:54:04 I missed the call.
0:54:05 I call him back.
0:54:06 What’s up?
0:54:07 Do you need something?
0:54:08 Is there something I can help with for charity water?
0:54:09 What’s going on?
0:54:13 He’s like, Hey man, I’m listening to the podcast and I had some feedback for you.
0:54:14 I’m just unsolicited feedback.
0:54:16 He says, sure, hit me.
0:54:19 He said, you want to do this, right?
0:54:20 You really like doing this?
0:54:21 Yeah.
0:54:23 I love doing this.
0:54:24 And this is like your thing, right?
0:54:27 You want to make this your thing.
0:54:28 Absolutely.
0:54:30 I think I can be great at this.
0:54:32 You got to say like less.
0:54:35 Oh, and I was like, what?
0:54:36 Here.
0:54:37 There you heard it again.
0:54:39 So I’m, I tell them, what do you mean?
0:54:44 He said, I was listening to this episode that you guys did great episode, but I think you
0:54:49 said like 700 times and I’m like, Oh no, he’s right.
0:54:54 And he’s like, you know, I used to do the same thing.
0:54:56 It’s hard to get rid of, but you can get rid of it.
0:54:58 And I wanted to tell you that I think you do it too much.
0:55:00 It doesn’t add to what you’re doing.
0:55:04 I think you could fix it and you will be better if you fix it.
0:55:06 And I just wanted to tell you that.
0:55:09 And I was like, man, I had two thoughts.
0:55:12 I said, first, how do you get rid of this?
0:55:13 How do I improve that?
0:55:15 Is it like you said that you improved it?
0:55:16 How did you do it?
0:55:18 Um, technique you did.
0:55:19 Did you hire a coach?
0:55:20 What’d you do?
0:55:21 And he’s like, don’t worry about that.
0:55:24 It’s just once it’s in your awareness, you’ll fix it.
0:55:26 You’re like, I am worried about it.
0:55:31 Basically the answer was pay attention to it and you will obviously start to, to start
0:55:34 to reduce it and you will, you’ll work on it.
0:55:35 That’s all.
0:55:36 It’ll just take reps.
0:55:38 The second thing I felt was, dude, thank you.
0:55:40 I’m not that close with Scott Harrison.
0:55:41 I like him.
0:55:45 I would consider him a friend, but this was the first phone call in five years.
0:55:46 Let’s say, right?
0:55:48 I don’t talk that often.
0:55:53 So for him to do that, the, the courage and the care that it takes to call somebody and
0:55:55 be like, yo, some feedback for you.
0:55:58 I thought that was an incredible friend moment.
0:56:04 And I was again, simultaneously grateful, embarrassed and inspired by it.
0:56:06 And since then I’ve been thinking about this.
0:56:12 How can I just call and insult people, call people and just ruin their day?
0:56:18 No, I’m fine, but like, Hey bitch, I’ve been thinking about you, uh, you’re, uh, you’re
0:56:19 only five, five.
0:56:26 Uh, we got to add a few inches of that dork radical candor out by you’re welcome.
0:56:32 No, seriously, though, this is a gift.
0:56:34 He gave me a gift and I was thinking about this.
0:56:39 How many of those gifts have I given people, um, very few, very few.
0:56:41 I think it takes a lot of guts to do that.
0:56:43 I think it takes a lot of care to do that.
0:56:45 There’s different ways to show somebody you care.
0:56:48 There’s different ways to give, you know, an active service for somebody.
0:56:51 And I was like, this is one I can do.
0:56:56 And for the people in my life that I know like me would take it as a gift, I’m going
0:56:57 to do that.
0:57:00 Of course, I’m sure that it can go the other way where some people do not take it.
0:57:01 Uh, well,
0:57:04 dude, Neville, uh, Neville Medora, my best buddy, Neville does that to me all the time
0:57:07 like whole, uh, be like, Hey, can you come over for a few minutes?
0:57:08 No.
0:57:09 Yeah, sure.
0:57:11 He goes, Hey, so last Friday, do you need something?
0:57:12 He’s like, no, you do.
0:57:13 Come over.
0:57:18 Well, like he goes last Friday night, I had a party over and this one woman brought her
0:57:22 parents there and you did not let the mom talk nearly enough.
0:57:25 You’re, you’re, you’re kind of, uh, talking over her.
0:57:27 And I think it made you look really dumb and I don’t think you are dumb.
0:57:29 He has done that to me so many times.
0:57:31 Uh, that’s one example, another example.
0:57:33 I stayed at his house and I didn’t make his bed right.
0:57:35 He goes, let me show you how to be a better guest in someone’s home.
0:57:37 Did you see how I had that bed made?
0:57:38 Cause I really care.
0:57:39 I need you to make it this way.
0:57:40 Come on.
0:57:41 Let’s make it together.
0:57:42 I’m going to show you how to do it.
0:57:43 And that’s what I expect.
0:57:44 Wow.
0:57:45 He does it all the time.
0:57:46 That is amazing.
0:57:47 Also.
0:57:48 Kind of, kind of big dodgy there.
0:57:49 I like that.
0:57:50 Uh, but he’s older than me.
0:57:51 He is kind of like an older brother to me.
0:57:56 I’ve always looked up to him, but he’s done like when I was like 25, I think, uh, I had
0:58:00 a time he stayed at my house and I had a towel that smelled like mildew and he goes, and
0:58:05 I gave it to him to use and he goes, come here, Sam, let me show you something.
0:58:09 This is that how you treat guests or like anyway, and it’s always really helpful.
0:58:10 He’s always done it to me.
0:58:11 I think it’s great.
0:58:13 But I will say, I know you say like a lot.
0:58:15 I kind of like it to be honest.
0:58:18 Oh no, I’m getting feedback whiplashed out.
0:58:20 Wait, is this my thing?
0:58:22 Maybe it’s my thing.
0:58:23 We should do a charity thing with him.
0:58:26 Uh, we should do, we should do some thing.
0:58:27 You weren’t on that podcast when we did one.
0:58:28 So we did one where.
0:58:30 No, but we should do like a proper campaign.
0:58:33 Like, uh, just with the way we did my first muscle, we should do something, whether it’s
0:58:34 that one.
0:58:38 We should, when we did, uh, we’ve done a few things where we were kind of charitable,
0:58:39 but not really.
0:58:41 And whenever we do those, it’s like the right thing to do and it feels good.
0:58:44 We got to do, we got to do a little, uh, a little give back thing.
0:58:48 And I’ll post an update of the one that we already did, uh, which was it went to the
0:58:49 campaign went to India.
0:58:52 So we provided clean water and wells to people in India, and I think we raised like something
0:58:53 like 50,000.
0:58:57 So I want to provide an update of like what happened with that, the impact, which is what
0:59:01 one of the key innovations that Scott had with this charity, he was like, no, he was
0:59:07 not like, he decided to, um, change the way the charities work.
0:59:11 He’s like, I give to, I give money to charities, but I never hear back from them.
0:59:13 Like, I don’t know what happens with the money.
0:59:16 And then they just come back again the next year and they say, can we have more money?
0:59:19 He wanted to have like a closed loop so that when you donate, you actually get to see where
0:59:21 the money goes, what impact it had.
0:59:22 You get to see the photos.
0:59:27 He literally installed like little Google donated these like, um, IOT devices, these
0:59:33 flow meters so that you can see that the well you help build, you can go in the app and
0:59:37 you can literally see how much water is flowing through that well right now.
0:59:41 And so he did a lot of experiments like that to like change the feeling people get when
0:59:43 they give where they actually get to feel the impact.
0:59:48 Cause his belief was if people could see how much good it does, they, they would do more.
0:59:49 And he was totally right.
0:59:51 That’s why charity waters raised so much money.
0:59:52 Um, all right.
0:59:53 Is that the pod?
0:59:54 That’s the pod.
0:59:59 I feel like I can rule the world.
1:00:02 I know I could be what I want to put my all in it like the days off on a road.
1:00:03 Let’s travel.
1:00:03 Never looking back.
1:00:06 (upbeat music)