Buy the Porsche (EP. 426)

26:45The thing is, they didn't say anything about AI explicitly. They kept saying that with new tools that are available, advisors are able to do a lot more with less, essentially. I feel bad. He says, I'm disappointed to listen to you guys and others. I was all too aware this could happen. I've been mentally preparing for this eventuality. I never thought it would come so quick. That stinks. is it possible that these companies will realize that they're making errors by doing this or do you think that this is just nope there's no going back um yeah this was this is a real shitty email i don't want to be like a downer because you know people are listening to us for entertainment for fun they could be doing anything else uh but i also don't want to pretend like like this isn't scary right that was my first read of this this is this kind of scary stuff.

27:33Yeah. Now, who knows what the extenuating, and he said, like, listen, I, maybe there was something wrong with my performance. They didn't want to get into it, blah, blah, blah, blah, blah. But I, I, the way that this email is presented makes sure makes it seem like, Hey, I stole this guy's job. Yeah. But I really, I really and truly am optimistic about like our ability to adapt and our resiliency as people. And as Americans, like we figure shit out, we, you know, we get things done. So I think that the economy will evolve and there will be more of this, unfortunately. But I think, you know, there will be other things, other jobs created.

28:12Not that that helps this person, but like I can't, I just, I can't go to the, to the place where like AI is going to take all your jobs. I don't think it's productive. I don't think it's healthy. I don't think it's helpful. Yeah. I think, I think it's, I think that's like hysterical thinking. And, but like the entry-level jobs that that that's the one area that i'll hone in on that that that does worry me yeah i i agree you've kind of been harping on this for a while that like what if the ai is going to replace the entry-level cfa essentially um and a lot of people have said like it kind of is power planner paralegal all of the grunt work jobs don't do any of that that's all that's all going away yeah yeah you're yeah you're unfortunately you have to get more creative And it's tough for, like, what's the advice to give young people here?

28:58The advice is don't let your first job be grunt work. And I know that's really difficult because by definition, almost most entry-level jobs are. Do something else. If you're going into a role that you know can be replaced by a computer, then it will. And don't do that. Yeah. Disappointing, though. All right, let's talk about crypto. Hard to hear, though. as I picked up Kobe from camp this weekend, I drove by my alma mater, NASSW Community College. What the hell did I know? What do kids know as 22-year-olds? Like, it sucks. Yeah. And I told you, I've been having more conversations with students lately.

29:35I think they're all kind of reaching out to kind of like, people see this coming. The young people see this coming, obviously. Yeah. And one of the kids is asking me, you talk about how being creative and communicating is such an important skill. and I think you kind of, it's hard to overrate confidence too in a lot of areas, whether it's real or you're faking it. But this kid was like, how do I learn this stuff though? And unfortunately, some of it is you learn by experience. That's the hard part. Like some of the stuff you just have to, you can't read it in a textbook and understand it. You have to go through stuff and trial by fire.

30:15All right, let's talk crypto, Ben. I sold a third of my crypto position. Okay. And I started buying Bitcoin and Ether in the middle of 2020. But Bitcoin was like$10 ,000 a coin maybe. I don't remember what Ether was at. And there was a lot of silliness going on, in my estimation, in the market and certainly in crypto. ETH, Zilla, for example, all the treasury companies we've been talking about. it was ETHZELDA. I don't know what that is. It doesn't matter. ETHZELDA is a biotech company that is now a treasury, an ETH treasury company. This is much less of a bearish call on these assets because on the one hand, you see this behavior.

31:01You're like, this is so dumb for the people that don't like crypto. They see this and like, this makes no sense. What do you mean? Company's only purpose for existing is to buy ETH. Like that's what we're doing now. at the same time uh there is a race to purchase these assets and it's bizarre it is a bizarre thing where there is a finite number of these things of these tokens now i know there's a bazillion other ones but for the ones that people want at least for now there is a race there is a small number of sellers relative to the number of people that are buying it hence the run-up in price.

31:39But for me, it just became too big. It outgrew my comfort level of how much of my liquid net worth. It's a rebalancing thing, right? That was the same exact thought process I had. How do you feel about now that you've done it? Good. Yeah. No regrets. What was that bad tattoo? So a few people asked me if I regretted, I think I sold it a hundred, if I regretted it. I really don't. I could have squeezed out a little more juice and maybe it goes to 150. But I still have a decent size. And from what I started at to where it is now, like you said, as a percentage of net worth, it was just getting too high.

32:18And I needed to rebalance my personal balance sheet. Yeah, no, wherever it goes from here, whether it goes back down to 60 or up to 190, I'm good. I'm good. I feel good. I feel good about it. So I was looking at, so from the peak in 2021, whatever that was, like the meme stock stuff, and then crypto crashed. And Bitcoin fell 80%. And I think Bitcoin by default, 77%, whatever. And ETH fell 80%. Since then, Bitcoin is essentially a double. Even after, if you start from the peak of the last time, right? Bitcoin has doubled. Ethereum essentially went nowhere. And it's just now coming back to those levels again.

32:51What a run. By the way, I mentioned this early on the podcast a couple of months ago. At the bottom in April, I remember being on the baseball field. And I said this at the time, that I had to unfollow a guy that I respect, whose opinion I respect, because he almost scared me out of selling a decent amount of my crypto. I almost sold half of it. Didn't he say he was going to go to$5 ,000 or something? He said Bitcoin was going to go to$10 ,000. And I don't know what I would... I would have been feeling lots of regrets if I sold the lows in April. Here's the question. Bitcoin was$70 ,000 and Ether was$1 ,500 or whatever.

33:23What are you going to do with the proceeds of your sale? I'm sitting in cash right now. I mean, I'm buying a house. Okay, yes. I don't mind. I'm very comfortable in 4%. Anyway, so this week's Michael Saylor tweeted. But no, wait. I think if you have, obviously rebalancing into other assets is easy to do. But if you have an actual physical world thing that you can take the money and do something with, that's the stuff you never regret. Yeah. Right? If you said, I'm going to take some of these proceeds and I'm going to use it to do whatever to my house and make the move easier. And that's something that you, okay, fine.

33:54Yeah. That makes your financial life easier. The most money that I've ever made on any asset is something that I, honestly, I don't believe in Bitcoin. I'm not like a crypto dude. Yes. But I guess it's ironic. So a sailor tweeted that they own, they bought, they bought 629 ,000 Bitcoin that they bought for$46 billion. They bought it for$46 billion. That's how much they spent. Investors with all the convertible offerings have given them$46 billion that they've spent. That's my interpretation of this. Maybe it's been written about before, but I would love to hear who are the people who are investing in the convertible notes?

34:30Like who's, who, who's funding it? Well, last week when, so we have, we have Tom on TCAT this week. So we're going to talk about this. Some of his early investors, it's, it's Peter and bit and bit mine. Emerging technology. It's Peter Thiel. It's Druckenmiller. It is the smart money. Like these are not dummies. They're the opposite of dummies. Yeah. And I don't, I don't think that this is like leverage. I could, I, my, I, my interpretation could be wrong. So the idea that like Saylor's going to get a margin call, I think it would have to go like way, way, way, way, way lower. Oh, here's what I was going to say.

35:04All right. So again, the limited demand, I mean, the limited supply, the ton of demand, all of that is well and good and true. And who knows when that's going to end. It seems to be true for the foreseeable future, but it's still a risk asset. And the VIX is at 14. and there's been no nothing in the market right and like bitcoin is still a risk asset i don't care what anyone says it will go down if if the ai trade unwinds and tech stocks fall bitcoin will get hit too yeah more yes right exactly um all right bloomberg had this big piece about how americans are getting priced out of real estate and home ownership and they looked at this all a lot of these big metro areas in the costs of rent or buy in 2021 versus now.

35:53So this is part of the story that like, I'm just, how many, we do this every single week. Can the Fed please cut already so we can get on with it? And we've got Jackson Hole this week and people are like, oh, we've got stocks at all time highs, valuations at all time highs. Chamath is back. We've got crypto and we're going to cut rates. The only thing that matters is the housing market. Right. And this is, we're about to talk about it, but like, aren't you sick of, we do this every single week. We've been doing this for the last three years. Aren't you over it? Yeah, we know people aren't moving.

36:28Houses are too expensive. The amount of money that you're spending is a percent of your income. I can't do it anymore. I have nothing else to say. Here's the dichotomy that's interesting to me though. So this is from John Burns and they show that since 2023, rent households have surged by 1.6 million. So you had like zero rent growth from 2017 to early 2023. And now the increase in rental units has been gone vertical, which makes sense. People are looking at these numbers and going, why would I buy when it's so much cheaper to rent? But the thing that people aren't doing is moving. So this charter chart shows that the total number percentages of American moving in the mid 90s was 17, 18 percent.

37:09And now it's 8 percent and it keeps going down. So this is the interesting part of it, that there are obviously places where it doesn't make sense to buy a home and it's way too expensive and some people are never going to be able to afford to do it. But people, they're not moving away to find cheaper housing. So people care about housing. It's a huge issue, but they don't care enough to move and find cheaper housing somewhere else. That's an interesting dichotomy to me, that it hasn't caused more people to move yet. They've just said, ah, fine, I'll just rent instead of move. And I understand why, but it's interesting that I don't understand why the total percentage of moving people, why is that going down so much?

37:47Well, it's because, I think it's because remote work is a huge part of this. That's part of it. That makes sense. And moving sucks. But this trend was already well in motion. Yeah, it was. It was. I think moving is, is there anything more disruptive? Now, listen, if you're a young person and you have the ability to hop around and experience the world or the country, amazing but uprooting your family moving what moving with and another another part of this is the dual income households right like now that both people work you are much more reliant on friends and family to help you just it's harder to uproot for a job because you can't do it it's it's impossible it's it's just interesting to me that that that hasn't been an outcome of this that people haven't decided.

38:41Listen, I'm moving. Screw New York. It's too expensive. Or San Francisco. I'm moving to Iowa. It's cheaper there. Imagine you had to move out of state. It'd be impossible, right? Yeah. Yeah, it'd be tough. All right, I want to talk about million-dollar houses. This is one of the things you said. We keep talking about this. This is one of the things I still can't wrap my head around. So we had two houses listed in our neighborhood. You've been in my neighborhood before. There's 20, 25 houses. Two houses listed last week for some reason. I don't know why. One of the houses that people moved in in 2023, They fixed up the house and now they're moving out already, which sounds awful to me.

39:13You go through this whole run, and I don't know why, I didn't know them, but both of these houses are listed for more than a million dollars in my neighborhood, okay? Like a decent amount over a million. And when this neighborhood was built in the 2010s-ish, mid-2010s, and these houses were nowhere close to a million dollars when they were built, right? My house wasn't anywhere close to that number when we bought it. I just think it's weird wrapping your head around the fact that a million dollars is starting to become more normal for the price of a house. Even in an area like West Michigan, which is crazy to me.

39:45Is there some, does this bleed into the stock market a little bit? Like the median stock used to trade for 16 times? Well, okay. Well, guess what? Now there's too much money. There's too much money. And now it's 20 times. Get over it. Well, I had a friend tell me this week, he said, the price of a new boat is now what a starter home used to cost like seven years ago. And I thought about it. And that's just what it is. It's true. And, and, and the funny thing is, is when these houses listed, my wife is like, well, they're listening for that. But I'm like, listen, no, this is the new level now. Right.

40:13You're in, you're right. Maybe Cape, the average Cape was 18 in the past. Now it's 25. Get used to it. Um, but Redfin had this report where they looked at, um, the only, the only difference only one of the zillion differences is that stocks should be, they should be tethered to like their cash flows and their fundamentals. If you're buying a business, I'll pay, yeah, I'll pay 13 times for this business. I won't pay 20 times. I won't make any money. But in the world today where everybody is a millionaire, and I know not everybody's a millionaire, so that sounds ridiculous. But you understand the point.

40:47More people are. When there are, how many million millionaires are there? There's like competition for stocks. It sounds like the dumbest thing ever. But it's true. The number I found, I think from Redfin, said 9 % to 10 % of homes are now worth a million dollars or more. So one out of every 10 houses is worth a million dollars or more in the country. And so you just have to get used to it. So this is the inflation. But wait, how about this? Housing is just like Bitcoin with a supply. There's a constrained supply. There's more demand. Like, housing is just like Bitcoin. Yeah. In a lot of ways, right?

41:23To the moon. All right, this is interesting. One more from Yardenny. He looked at the value of household real estate and then the equity and then how much people have borrowed. And look at the bottom line. That red line is home mortgages has essentially gone nowhere as the prices of an equity have gone crazy because everyone was able to. It's gone up a little bit, but this will never happen again. Ever. This is a one-time thing through all of human history. Never going to happen again where we see something like this. Wow. Wow, Ben. All right. Let's talk about things that people have very strong opinions on with no nuance whatsoever.

42:06Okay? Okay. I did a few things on social media this week. And here's one of them. A guy last week on Asset Compound asked if he should buy a Porsche. Yes. The answer is yes. I'm a millionaire next door. My wife and kids think we're middle class, but I'm sick. I've saved my whole life. I want to buy a Porsche. And I put this out on Twitter. and I said, what should this guy do? By the bush, you're going to die. Enjoy yourself. That was one extreme answer. The other extreme was - How is that extreme? That is a fact. At some point, you will no longer be on this planet and it could be tomorrow and you should enjoy yourself.

42:43That is not extreme. And that's where I fall too. A lot of people say, and a lot of people said, no, this is a depreciating asset. It's ridiculous. Oh my God. But those are the two extremes. Listen. I'm on your side. Trust me. Some people have that mindset. Every, everybody that you're not going to change anybody's opinion. If you think that a, that a Porsche is a depreciating asset, then you are living with a different worldview than I am. And that's fine. That's what makes this mess. What makes the world go around? I suppose. One more thing. And this is, this is maybe like the availability bias or something, but we, we talked last week about how we're, we're so, we're also so over, maybe this whole podcast now is just over stuff.

43:20We keep talking about, but we're so over the young people are so depressed. and not that we're like poo-pooing it because obviously these things are real. Social media and the internet, like young people didn't have a chance in a lot of ways. But I was listening to, I think it was Derek Thompson at a podcast and he interviewed the author of those charts. And they were talking about how lonely and miserable all these young people are and all the data shows this and it backs it up. And I - I don't believe it, I'm sorry. Everybody's depressed. So I go to the gym and at the Planet Fitness I work out - Surveys are broken.

43:51We keep saying this. It's a surveys. Is everybody miserable? At the gym I work out at, right by my office, it's in the summer, I think it's free memberships for high school and college students, which is kind of cool. And every time I go in there, I see three or four bros over here lifting weights with each other. And three or four bros over here. Then three ladies on the treadmill, on the incline. Everyone does the incline walk now. That's the hot exercise these days. Like if you walk in a treadmill, you can't just walk, you have to be on an incline. And they're talking and they're laughing. And they're working out together.

44:22and maybe this is, well, the people who go to the gym are different, but I just think it's okay to hold two opinions in your, like social media is having an impact on the way people perceive themselves. I also think young people now are almost all bipolar. They have an online persona and a physical world persona. And they're two completely different people. We've mentioned this before. We've met people like this, where people on the internet that have an, that have a personality. And then you meet them physically and you're like, wait, what? Yes. You're nothing like I thought he would be in real life.

44:58So which is the real you? I think it's easier to fake who you are in person, but maybe it's both. Maybe it's a Jekyll and Hyde type of thing. Howard Stern plays a character on the radio. That's not his real personality off air. But I do think that the social media dual personalities has broken everything. And I choose to focus on, no, the world isn't like ending. Everybody's depressed. I just don't buy that. I, I'm, you know, obviously there's some of that for sure, but it's exhausting. It's enough. It is. All right. One more. There's too much money. Try it for you. Eddie Ardeni has assets held in IRAs and this thing is going to the moon.

45:39It's at$17 trillion now. I think it was at 11 heading into the pandemic. And this thing is It's just going to keep going up because of baby boomers rolling over 401ks and IRAs. But this is where the deregulation stuff is going to come in big time, where I think people were at least a little boxed in with their 401k assets in terms of what you could invest in. It was just pretty run-of-the-mill mutual funds, most of the – sure, some of them were overcharged, actively managed mutual funds that had high fees and such. But once this money gets into the IRAs, then it's kind of like it's wild, wild west.

46:13Obviously, most of this money is going to financial advice. Let's be honest. Yeah. But a lot of this is going to be, you're right, the Trump for the Sharks, essentially. Yeah. It's a lot of money, though. All right. Another big week for streaming. Apparently, YouTube is trying to get the rights to host the Academy Awards. Like YouTube TV? Like YouTube. Really? Okay. YouTube. I don't know if it's YouTube TV. I assume it's just YouTube. I guess that, I guess it wouldn't, it makes sense. Why not, right? My kids watch more YouTube than TV. I have to tell them, stop watching YouTube. Watch, watch a streamer.

46:56Yes, watch Disney. It's the only thing I say no to, like no YouTube. Watch Disney. To them, YouTube is TV though. It's bizarre. All right, so this is from Lucas Shaw over at Bloomberg. Happy Gilmore 2 delivered the biggest opening weekend ever for a streaming movie, which I guess is not that surprising. Quality notwithstanding. If the number of people continue to grow, these numbers are going to get bigger. But also, who didn't watch? At least a little bit. Everyone was at least... I contributed 15 minutes of the 2.9 billion minutes of viewing the week it debuted. I would love to see how many people will ever go back for more.

47:35Zero. So 24 million people watched it. Okay. and how many subscribers does Netflix have? Is it? Do we know? 350, 400 million. I don't know. I'm sure you could Google that very quickly. I don't go to Google anymore, man. I use chat GPT. 300, like 300 million. Okay. That's a decent amount. All right. We do have to mention future proof signups. They keep giving us updates on Slack for future proof. The signups are happening. Like if you don't sign up soon, you're not going to go. All time. None of it. Well, it's interesting how many of the, attendees end up signing up last minute. And yeah, we're at all-time highs.

48:13It's going to be... I think the last week was like, we're like breaking records of the number of people signing up. Yes, we're already close. Oh, we've got some Exhibit A swag. I'm excited. I'm going to be rocking the Exhibit A bucket hat. I think we made a hundred of them. Alright. I had a friend wearing a bucket hat this weekend, and I can never tell if people are doing it ironically or ironically. I'm not doing it ironically. You're doing it just for sun. I understand that. You're a bald. But I also, I also, I don't, why? Do you think they look bad? I think if you're, if you're wearing a bucket hat and Crocs, you've given up on life.

48:49Let's just be honest. I do wear a bucket hat with sandals with socks on, not Crocs, but. My kids wear sandals and socks. Apparently that's, that used to be like that, that was a sign of like, you're a dork. And now it's like, it's a thing. Well, let me tell you why I wear my sandals and my socks. And it's not for a fashion statement. Actually, this brings me to another point. glad you mentioned this so the sandals that i wear they're like one of those ones with like the big uh sole at the bottom so they kind of you feel like sneakers it doesn't feel like you're hitting the ground but they they sort of cut my foot when i'm walking with them that's why i wear socks i don't do it because i think it's like looks good or anything it's just time to buy a new pair of sandals man no but they're very comfortable with socks on all right i think i i think my feet are broken speaking of like getting cut by my sandals unless all right growing up like that's because Because your second toe is as big as a middle finger.

49:36I do have a very large toe. Growing up, I was never able to have a pair of Jordans. They were too expensive. I had a$60 hard cap. I was in the same boat. On what I was able to buy. So now that I am an adult and I'm able to buy Jordans, I buy Jordans. And I hate all of them. And I just bought another pair. Why do you hate them? Because they all fucking cut my feet. They all cut my heels. And they end, not only do they cut my heels, they're not comfortable. Jordans suck. I probably have eight pairs of them and they all suck. I love how they look. I love that I'm able to buy them. Now that you mention it, I have a handful of pairs of Jordans too.

50:16You're right. They're really not that comfortable. No, no, no. They're worse than not that comfortable. They are actively uncomfortable. Every time I come home, either my heels are cut or they're squeezing my feet and I have to like rip them off. I'm like, am I going to stop wearing them? Probably not. So you just need to hang them on your wall or something as a piece of art. But I think I've bought my last pair. Okay. I bought a pair of Jordans this week. My wife's going to... Which ones? She makes fun. I don't know. She makes fun of me. I like all the ones that look like they're from the 90s, essentially.

50:51Okay. But I guess they mostly do. Okay. I have to give a tribute here really quick. When I was growing up, I never had like... You know what? People tell those stories. are like, I had a teacher who changed my life, or a professor in college who changed my life. I never had that once. I never had a teacher who like, no offense to any of my teachers growing up, but no one like had a big impact on me that I had like a close relationship with, or that like changed my life. It was all, for me, it was always coaches. And so I think last week or two weeks ago, my high school football coach passed away.

51:18He was 85. RIP Larry Sellers is the name. Same name as the guy from Big Lebowski, right? But he was one of the - Did you see what What happens, Larry? Yeah, he was one of the winningest coaches in Michigan high school football history. And he wouldn't make it today in today's world as a coach. He was a throwback. Like he broke a clipboard over someone's head. He was one of the, there was a, in our school, remember in school when someone, a visitor would come into school, you'd have to sign into the office. Like if you're a visitor coming to see someone, like, you know, you can't just come into a school.

51:54and some kid came to our school to visit a friend and in the cafeteria and we had a small school so he goes, hey, who are you? Did you sign in at the office? Where's your pad? And the kid said, scram, old man. And he grabbed the kid by the throat and threw him against the wall. This is the kind of guy he was. He wouldn't, but he was like hard in all the good ways and like pushed you, like I think there's so many good things I learned from sports and he was one of the reasons why. And he always said that like character is who you are when no one else is looking. Yes. Like, I still remember all the stuff that he said.

52:25And he would say, like, practice doesn't make perfect. Perfect practice makes perfect. And so I learned so much from him in terms of hard work and stuff. So he was, like, the teacher that changed my life. So RIP Larry Sellers. Kids need role models. And in the future, it's going to be a chat. It should be too. Yes. But he, yes. Larry would get canceled today, unfortunately. Can I say one more if I get canceled? Yes. So I told you this. I told you this yesterday. I called you. I'm listening to... another audio book. Actually. All right. So I, I got this app that somebody recommended. The app is called Libby.

52:58Um, and I downloaded the stand. I'm a big Stephen King fan. I've read a lot of his books, but Libby is the one where you can rent. Yeah. You can rent from the library. One of the books, his books that I never read was the stand. And I had the physical copy and I think I had the original one, which is 800 pages. I've rented the longer one. He like redid it. It's 1200 pages. And I gotta be honest. I listened to, uh, I don't know, 11 hours. I was a quarter of the way done with it. it was very difficult to keep up with. There are so many different... You ever read The Stand? No, for some reason, I've never read any Stephen King, which is probably a whole of my reading material.

53:30I don't know why. Okay. Anyway, there are like 15 different main characters and it is so confusing. Maybe that's one that... I remember watching the TV miniseries back in the day. I watched it. And then it got ripped away from me because I guess you only have it for a little bit of time. So I rented it again, but I have to wait for it to be delivered. You listened to it on two times speed? Yeah, yeah. Okay. So anyway, but I feel like I'm pot committed at this point. So in the meantime, while I wait for it to get like delivered back to me, I don't know how white audio books can't just be delivered automatically, but I don't have it right now.

54:01So I downloaded another book, Jailblazers. Listen to this one on Spotify. And Jailblazers is about the Portland Trailblazers. And if you're a sports fan, you remember the scene very well. And it starts early. They should have won a title. They should have beat the Lakers that one year. Well, they were up. Yeah, they were. So the lob, the Kobe to the Shaq lob, that was game seven. They were down 13. The Lakers were down 13 going to the fourth. And that team had Scottie Pippen and Bonzi Wells. But the other team had like Isaiah Ryder and Rashid Wallace and Kenny Anderson and Gary Trent and like a lot of guys that had a long rap sheet of arrests.

54:36Big personalities. And anyway, this would not happen today. This is pre-cancel culture where the person who's now reading the book, whoever's reading the book. When he gives quotes from the players, he puts on a certain affect to do each of their voices. And it's absolutely wild. I can't believe that he's talking with their affect. And each one is different. Do you think he studied the players' voices? I do because when he does PJ Carlissimo, who has a gruff, like a barky sort of voice, that's what he sounds like. But still, it took it took me aback. Good call on the best movie ever. I started reading that one.

55:20It's very good. That was a fun one. Alright, my recommendation this week is Platonic on HBO. No, what is it? It's on Apple. It sounds like a bad show. So it's the Seth Rogen Rose Byrne show. I thought it was just a one season show. It's about it's a perfect middle age show. So it's two they were best friends in college. They never had a romantic interest. Seth Rogen and Rose Byrne. They have great chemistry because of Neighbors that they did together. And it's so funny. It's about parenting and it's about trying to still have friendships in middle age when you have a job and you have kids and you have all these responsibilities.

55:54And the season two just started and it's still hilarious. That I will watch with my wife. Yes, that's a perfect wife. My wife cracks up at everything Rose Byrne does. She's really, really funny. And I just thank them for keeping... I thank Seth Rogen for keeping comedies going. Okay, I'll watch it. It's very good. And it's a very easy light show, you know? So I watched Jurassic World. My son saw it in the theater with my wife a couple weeks ago, and then we bought it on demand or whatever on Apple. And I lost interest like immediately. It's just like, they're trying to make it like Jaws, I guess, because they're chasing these animals.

56:29Here's my idea for how they can continue. Wait, hold on. Did you finish the movie? I didn't yet. I'm halfway through. It's like, well, I'll finish it. But I wasn't like really into it. Here's my idea for how they can save this series. If they want to keep it going. The one thing that they haven't, and I thought the thing they nailed was after dinosaurs have been here for 30 years, people kind of lost interest. Like, eh, whatever. I thought that was pretty good. But what they didn't get is, you know how they have all the stories now about Disney adults, like Michael Antonin. Like Disney adults are like this crazy group of people.

56:59Do you mean dad in the bay? But the thing they haven't leaned into is the comedy aspect. They could make the next Jurassic World a dark comedy about like the adults who are way too into dinosaurs. They'll never do that, though. They can do it like Shaun of the Dead. They need a general audience. Yeah, I know. They need to spruce it up. All right, finally. Wait, wait, hold on. I have something in Jurassic World. So I rented it for Kobe because he's been dying to see it. I watched it two nights ago. And it was much more palatable the second time because my heart was already broken in the theaters when I saw it.

57:33Kobe loved it, not surprisingly. But last night we went to watch, we went to rent Superman. And I think Jurassic World, I rented for 20 bucks and Superman was$25. And I asked him for something to contribute. I said, Kobe, I spent$20 last night on Jurassic World. Superman is$25. Do you want to spend$25 on Superman or do you want to wait until it comes out on HBO Max? And Robert goes, what are you doing? She's like, would you make him give you money, take him to the theater? And then I was like, get his butt out. It's none of your business. And then she found out that I only rented because Logan wanted to watch Jurassic World.

58:10Oh, instead of buying it? So I got my rent to get again. And she goes, hold on. You rented it for$20. You didn't buy it for 25. That's what I did. I bought it because it was 25. But I didn't want to buy it. It didn't even occur to me. How many times are you going to watch this movie? Right. Anyway. Yeah. All right. What else? It is funny. I always do that with my kids too. Like every once in a while, you have to make them feel the pain of open up that piggy bank. Yeah. I'm like trying to teach them about money. Yes. Meanwhile, Robin gave him$150 when he got home because she said that he was going to, she said she was going to give him money for every picture that he smiled in at camp.

58:50So when he came home, there was like toys and stuff in his bed and$350 bills. And when I saw it, I said, what are you doing? Why is he getting$150? Are you kidding me? That is a boy's rite of passage, not smiling in pictures. That's just something almost all boys do. Yeah. I was served up a road trip on Netflix last weekend and I watched it and man, do we really miss 99 comedies. That's a great movie. I forgot it was Todd Phillips too. And so I looked at this. Sean William Scott, the Stifler guy, he did American Pie in 1999 and he immediately did Road Trip the next year. And then American Pie 2 was in 2001.

59:28And he essentially plays the same character, just a lighter version of Stifler. And whatever, it's an overtop, raunchy comedy, but this kind of movie we don't have anymore. But he had, he had a pretty good movie career actually, Stifler. So he had the American Pie movies. He did Road Trip. He was in the one with the rocks, Stunk. I like that one. The Rundown? I kind of like that one. He was in Final Destination. He was in Old School. You have a dart in your neck. Role Models with Paul Rudd wasn't bad. Hold on. Role Models was great. I like that movie. Goon, the hockey one, I don't know if you ever saw that where he plays an enforcer in like a IHL Hockey League.

1:00:08so he actually had a pretty good movie career surprisingly from just that one role anyway yeah good stuff road trip I mean in the late 90s early 2000s which is right when I was in high school college years it was the greatest run ever of teen stuff in movies it was amazing we just don't have that anymore we got it alright sign up for future proof if you don't now you're never going to be able we had one friend who said listen blues traveler put me over the top I'm coming right? Exhibit A for advice.com for all your charting needs. What else? You on Talking Wealth this week? I'm on Talking Wealth.

1:00:47Yeah, we're talking to Caleb about Y charts, actually. Oh, good. And I have Carl Richards on Thursday. Oh, hell yeah. Oh, you know what? You know what? You know what? Somebody emailed us asking, getting back to us not mentioning the other shows enough. Somebody emailed us about if we could talk to Wes Gray about the 351 exchange. And I wrote back. I spoke to him last week. So if you're an advisor, we are doing these shows. We'll put the link in the show notes. But yeah, we're doing industry stuff. So check it out. Animal Spears at the compound news.com. See you next time.