Gen Z Is on Fire (EP.345)

24:05can you imagine ever betting against america and the whole point of this article was neither political party wants to take credit for this for whatever reason climate stuff for the democrats and republicans they wanted to do it but it's going well for them it's like one of our biggest success stories that no one wants to take credit for which is kind of bizarre but again another unexpected speaking of energy do you have solar panels on your house on your roof no okay why'd say it like that. I don't know. Do a lot of it. No one does. Do they? Unless you live in California. Do you have solar panels?

24:38No, no, no, no, no. It's very, it's very popular. Okay. Okay. Do you? I don't. I almost did. So the reason why I ask is, A, we're talking about energy and B, there was a tweet thread the other day. I think Chaynos quote tweeted it, talking about the financialization of these solar panels and how it's, I don't know if scam is too strong of a word, but there's some shit going on. Okay. So anyway, all right. So people go door to door. It's very common in my neighborhood. Salespeople go door to door. Seriously? Still? Yes. Yes. And they explain to you why you should get a solar panel. Who answers their doorbell?

25:14I did. I was home. You get action. Just stay in the ring. Go away. No, you know what? I think my neighbor convinced me to take the meeting. Okay. So I took the meeting. I took the pitch. It sounds too good to be true. I agreed to it, and then I backed out. But they tell you that, like, it's free. You get the state tax credit. It's$0 out of pocket. You pay the same thing that you're currently paying, except after X years, wherever the crossover point is, depending on your situation, you won't pay for your electricity bill. Gas bill, whatever, will go down by 90%. What's the scam part of it? I don't know.

25:54I haven't figured it out yet. But a lot of it is like— Maybe someone can email us and tell us. No, part of it is like if you agree to it and you don't pay anything, these companies can like – if you get behind your mortgage payments, these companies can have access to your house. I don't even want to say this because I'm like probably misrepresenting what it is. But I'm surprised that that doesn't exist where you are. So I shouldn't put the wind turbine in my backyard for wind power? You do you. I'm – you know. All right. By the way, a lot of people got really mad at us. I know we're not supposed to talk to the common people.

26:24Although I never agreed to that. Year's resolution. A lot of people are really mad that we suggested, like, what is, does Florida subsidize insurance? Oh, boy. We weren't really saying, we were saying, like, what is that going to happen? We weren't saying that's what they should do. People got really mad about that. Yeah, seriously. People had some very strong opinions about home insurance. I don't really care either way, to be honest. I tried to educate myself. No, I really think the government has a responsibility. I'm only kidding. so i listened to a podcast with joe and tracy uh about it and it's super duper complicated i mean i don't know what the i'm not gonna figure it out i don't know what the answers are i guess if you know hurricanes are increasing in severity in florida and you choose to live that's a risk you take right it's just it's just kind of and this is why it gets very third rally because it's like there's like politics and ethics and all this sort of shit involved i don't know That's where your family is and that's where you grew up.

27:18Like you just have to leave because. Kind of. Or it's a risk, right? I don't know. Very complicated. Yes. All right. You know what else we got in our inbox? There was two hot topics this week. One was the insurance stuff. And yeah, people were angry at us. Sorry. The other topic was your personal finance credit card scam that you're running.

27:47Well, people were asking, the biggest question was, how do you get the money? Somebody put it to subject like credit card carry trade. Yeah. Fellows, long-time listener, love the pod. Ben, your purchase of treasuries through a zero-interest credit card definitely piqued my interest. Does it impact your credit score if you hold a 15K balance for 21 months? Are you able to buy treasuries by using a credit card? Share your story, man. This is revolutionary stuff. Another one said, hi, guys. These balance transfer credit cards offers usually have a 3 % to 5 % transfer fee, so not exactly 0%. I jumped on this 21-month offer from Wells Fargo recently and transferred half of my 8.5 % HELIC balance on the credit card.

28:22That's a different story. To weigh out the interest rate environment, I figure 5 % over 20 months is probably just under 3 % a year. And then a lot of people are like breaking it down. It seems like a lot of work for like maybe$500. And I think I'm with them. This seems like a waste of your time. It's not, though. I like getting credit card rewards. And it takes, it's one click of a button once a month based. So, but what about the transfer fees? Well, I don't do balance transfers. So whatever we, we put everything on our credit cards for spending and whatever we spent that month by the, at the end of the month, I get the bill and the money that I would use to pay off that credit card goes into T-bills.

28:55But here's my question to you. I have all of my subscriptions on my different cards. I try to concentrate most of them on one card, but that's most of my expenses. So like, well, I don't know if that's true or not. Yeah, no. I mean, think about all the money you spend on groceries and eating out and that other stuff I leave on the other. But then people did say, well, what about the credit scores? I have like 10 credit cards. I have so much credit. I'm swimming on credit. And it's 30 % of your FICO score is the amount of credit that you've used. And yeah, if you're going to buy a home soon or a car and you don't want your credit score dinged a little bit, but guess what?

29:31I have pristine credit. Not to brag. So yeah. So maybe it's not worth it for some people. For me, it's just like I'm earning like a 5 % credit card reward basically right now. And this is a short-term thing because rates aren't going to be here forever. So I'm doing this now. And then when the rate things fall, then I'm not going to do it anymore. All right. So your advice is to buy a home on a credit card, stop paying it, take the equity out, put it onto another credit card. But if you have big purchases coming up, you did, but just buy a house, and you have furniture to pay, you're buying sheets and...

30:03This seems like a you thing, not a me. I would never do this. It just seems like a lot of work. Yeah. It's really not though. It's easy for me. Maybe for some people it is. But yeah, all the people who ask all the questions, it's pretty simple. I don't know. If it doesn't seem like... And it's obviously not for everyone. But I just, yeah, I don't take out a cash advance. I don't do balance transfers. I just take what I would have spent and I throw it in there and I've got 21 months at a 0%. In the current rate environment, I see that as a pretty decent deal even if it's not going to get me a ton of money.

30:29All right. Credit card carrier trade was a great email. I like it. And some people did say that, like, the HELOC thing. Like, hey, I've got an 8 % HELOC. I went from three to eight. That makes a lot of sense to me. All right. Harvard University published this new piece, which is pretty cool. It shows a map of the United States, and it shows home price to income ratios. And it says they rose to all-time highs in most places. And you can do this from 1980 to 2022. And you can kind of toggle it to see. And they have it color-coded. So yellow is, let's see, yellow is bad, red is bad, blue is decent, right?

31:04And you can see most of the country is yellow. Most of the Midwest still is kind of blue. So still not bad. But Florida, California, Arizona, New York, obviously still really bad. And I pulled a few charts here. So the first one is 2022 and it's, you know, all time highs in most places, especially in the coast and in the south. Then I look back at 2012 and this is the bottom of the real estate market. It was still pretty high in California, a little bit in New York, New Jersey. those kind of places, but pretty much everywhere else in the country. It was very, very affordable. And even in 2017, it's starting to get a little unraffordable in places.

31:36Most places in 2017 were still pretty decent as far as home prices go. But if you wanted to be one of these people who figures out a place to live that's lower standard of living, those places in the Midwest are still pretty cheap relative to income. Just going through these charts. Huh. Wait, I'm confused. Home prices are more affordable? No, no, no. So this is price to income ratio. So you can see it went from under three in a lot of places in 2012 to now five to eight times, eight, ten in certain places. I'm just saying the price affordability thing, because the pandemic rise happened so quickly, we still had affordable housing prices in like 2017, 2018, probably 2020 and 2021.

32:26only one to in a lot of places. And there's not very many affordable places anymore. If you look at 2022 graph. Okay. So this, all right. So my brain was broken. Price to income ratios. You don't want this going up. No, this is bad. That's what they're saying. There are all kinds of highs in a lot of places. And there was way more blue, which meant affordable before. And now there's way more yellow and red, meaning really unaffordable. Okay. Well, I dropped this. I dropped this home into the dock. this is a this is a house in my neighborhood now this is a high ranch it's a split level right I think it's a high ranch a high ranch I've never heard that that must be a New York thing this is the type of house that I grew up in I don't think we have high ranches in Michigan okay very manicured bush there in the front that is a manicured bush

33:18I'm gonna say this house is 2300 square feet so for the listener you walk up the steps so there's a two-car garage you walk up the steps and there's is this a foyer an entranceway you can go up the steps or down the steps down the steps there's one bathroom there's there's the garage there's one bedroom and like a living room upstairs there's a dining room a den the kitchen upstairs and three bedrooms upstairs not a huge house banny means no this is it does say six bedrooms i'm guessing they squeeze a betterment no no no no so like this is the type of house that I grew up in. Again, upstairs, it was my bedroom, my sister's bedroom, my mom's bedroom, one bathroom, kitchen right next to it.

33:58Kind of tight. For some reason to me, a million dollars just still is kind of a line in the sand and spending over that on something and any, obviously a house like this, like. Well, anyway, here's the punchline. This house is listed for$1.15 million. That's what I, yeah. $1 ,150 ,000. Now there's no way in the world. matter how about this when my mom died we sold this house this is the house that i lived and we sold you know we sold it for i think could this be right it sounds so wrong given where the house prices are today what year are we talking here you know i'm gonna look because the number that the number that i have in my head just sounds so absurd uh this is 2012 that's the bottom of the housing market.

34:45So it could have been a very low. Yeah. Let's see. Yep. We sold this house for$485 ,000. It'd be worth two to three times that now. Two and a half times that. Well, they're as this person's asking$1.5 million. Now, again, it's not going to sell for that. Yeah. But the fact that it might sell for 900 is blasphemy. It's crazy. It's crazy. Yeah. And it's not like there's room to build more houses where you live, right? There's no supply coming on anytime soon. No. So this is the thing. Like, if the Fed cuts rates, is there another 10 % higher for home prices? The hope would be there's going to be more demand than supply.

35:33The hope would be there's a decent amount of supply if people have been locked in and saying, all right, you know what? Fine. We'll sell our house now that rates. We're at three. But if we go to five, that's not that bad. It could have been eight. So now we'll sell ours. That'd be the hope, that there's more supply. But there's not relative to demand. Probably not. It's going to get ugly again. The Fed can't fix the housing market, though. What are they supposed to do? Unless the Fed gives home builders free loans to build more houses, how are they going to fix it? I don't know. They're never going to fix it.

36:03All right, let's talk about lifestyle creep. Lifestyle. Oh, so no. No, not really lifestyle creep. This was more housing market wealth. So Fortune had this piece about how five Gen Xers share what it's like to prepare for retirement. And I always find these interesting, the personal stories, you know. I kind of feel like you're an Xer. I'm close. I'm in the middle of nowhere. But so this is just how much the housing market has changed. You mentioned you're going to Denver. Don bought a three-bedroom house in the middle of Denver 10 years ago for under$100K. His mortgage is$950 per month. He plans to stay there forever.

36:36And this is a guy, it says he bought the house when he was making$14 an hour. And he says, obviously, that's not the case. This guy's saying, like, I'm screwed. I'm not going to retire. He makes like 50K a year. But he says his original plan was to buy one or two more properties to rent out. But once housing prices skyrocket, his own home is worth four times what he paid for it. And he says he gets calls all the time about people want to buy it. And he said he wouldn't be able to afford anything else. So this guy thinks I'm screwed without realizing his biggest financial asset. quadrupled, whatever, since he bought it.

37:09And he made a ton of money on housing, but he doesn't look at that as wealth because it's in his house. Can you imagine saying like, I put$100 ,000 into stocks and now they're worth$400 ,000, but I'm not rich. I think there is something different there. Well, you don't live in your portfolio. True. But I look at this thing as like this. Sure, he wasn't able to buy rental properties to run them out, but he, He timed it perfectly. By the way, I have gotten two calls in the last couple of weeks from real estate brokers asking if I was looking to sell my house. That had been put on ice. Did you say, where am I going to move to?

37:48No. Okay, this is from DR Horton. Let's move on to Great Quarter, guys. This is a segment. Actually, I want to share some exciting news with the audience. We got a new show coming up, and the show is going to be called Great Quarter, guys. It's me, Josh, Alex Kantruitz, and we've got a very special guest for the first show, an analyst. You probably heard of him. So there's nowhere, as far as I can tell, where, excuse me, I'm so excited my voice just cracked, where there's an hour-long show, a real discussion, not previewing earnings, not reacting knee-jerk reactions in the after hours, an actual thoughtful discussion about earnings and the market's reaction to it.

38:33So the first episode we're going to record, I believe on Friday, actually, we're going to talk about, John, is that right? Yeah, Friday. We're going to talk about, we're going to do Tesla, Apple, Amazon, Google, and Microsoft, I believe. And I am super excited. It's going to be awesome. Are you doing it once a quarter? We're going to start, this is the first, it's a pilot episode. So we'll see where it goes. But I think the audience is going to love it. There's plenty of information in there. So there's D.R. Horton, who's the biggest home builder in the country. I thought this was interesting.

39:04Their COO said, I think 70 % of our deliveries were at$400 ,000 or less, which for us is maintaining a focus on affordability and a payment that works for people in their monthly budget. These home builders have moved. People keep talking about the median new home price has fallen. They're actually building, you can't call that a starter home,$400 ,000 or less. Maybe now you can, but they've moved down a little bit and they're building smaller, more affordable homes for people as opposed to just building these, you know, three quarters of a million dollar McMansions for people. That's a good thing.

39:3670%. There was a stat about how the$20 ,000 car doesn't exist anymore. What if, uh, what if that in the real estate market comes back? What if the start of home makes it come back? That's what the new ones are. The home builders are building those small, again,$200 ,000 is gone, A lot of that is inflation too, but I don't know. I thought that was a good thing. What is a starter home? Is it price or is it square feet? Maybe a combination of both. It's definitely price, but it's also probably a home that needs some work. Don't you think? I think of like, I guess a smaller home. I look at a smaller home.

40:14Yeah, smaller, but also like this, it doesn't have all the amenities. It needs to be, it's a fixer upper or whatever. Yeah. That's what I would think. All right. American Express. Record revenue. Record net income. Is that good? Do they have 0 % credit cards there?

40:32Okay. The percentage of total spending. Baby boomers, 31%. Millennials and Gen Z, 32 % on Amex. That's surprising. That's a premier card for people with money. And Gen X. How do you like them apples? Gen X is the forgotten one that's also the highest. Gen X is the highest, 37%. That's interesting. Good and services up 7 % year over year. What's the card American Express has that's getting all the young people in because they don't have their Sapphire or whatever? Travel and entertainment up 8 % year over year. That's a great question. What is the Amex card? Maybe it's a lot of the travel ones.

41:09I have one of the Amex ones. I can't remember which one. Platinum something. I have three now that I think about it for no reason. I have the business one, our business one. Then I have the Delta one. And I have the gold one. See, this is how I'm able to do 0 % credit cards because I have a million credit cards. Yeah. That's why I have plenty of credit. And you know what? You always, once a year, update your income and ask for more credit. Why do you need more credit? Because it helps your credit score. The percentage utilized, percentage spent versus percent of credit you have total available.

41:40See, I'm such a noob. Well, I'm not playing the game. See, people try to poke holes in my strategy. Listen, I know it all. Okay? Come on. You act like I don't know what I'm doing here with these 0 % credit cards. Come on. All right. I increase my credit as often as I can because it's good for credit score. All right, I'm going to do that. S &P 500 at all-time highs? Ben's credit score, all-time highs. Here's a quote from the call. Our focus on continuously innovating. You know what? Allow me to just plug a quote or a company that we invested in. I was listening this weekend. Robin comes in. She's like, what are you listening to?

42:13And I showed her the email that Sammy sent to us in 2021. Yeah, that was pretty cool. We found it. I was like, how cool is this? We invested in this company. It was nothing. It was an idea. Now it's this. She's like, I don't care. She's like, who said it? I don't care. Okay. Our focus on continuously innovating our value propositions to meet the needs of our customers is driving increased brand relevance across generations, including millennial and Gen Z consumers. These customers represent over 60 % of the new consumer accounts we acquired globally in 2023 and 75 % of new consumer platinum and gold accounts acquired in the US come from this cohort.

42:49Wow. Don't tell me the young person is not doing okay. I think one of the reasons that it's so easy to focus on the negative and like people being, it's good to obviously focus on that. Like, listen, not - Well, yeah, people are going to email us about some personal experiences, about young people. It's always the case that there are certain people that are not doing well. It's really unfortunate that there's never going to be a time when 100 % of the people are going to be doing well at the same time. But we can't highlight the positive. We get dinged for highlighting the positive. And it's never been easier to focus on the negative either, like, or to know that the negative exists.

43:22In the past, not as many people realized the negative stuff existed. So maybe it's a good thing because people are highlighting it. Like, yes, it's not perfect for everyone right now, but for a lot of people it is. And yes, it's okay to highlight when stuff is going good for a large group of people. Ben, do you think that, who do you think has a better sense of how the economy is doing? People in the comment section that we're not talking to, talking to you or American Express? I don't know. There's this one guy who lives in Topeka. So, okay. So there's a chart that they show card member loans and card member receivables credit metrics.

43:53Okay. 30 plus days past due. Now that's not feelings. That is actual data. 30 days past due. The number in the fourth quarter was 1.3%. Pre-pandemic and Q4 2019, it was 1.5%. Yeah. And whenever we see the pre-pandemic markers now as like the benchmark, things weren't bad before the pandemic. Like the economy wasn't falling off a cliff in 2019. In 2019, the economy was doing okay. Right? So even if it gets back to that level, you can't say like, oh, it's time to work. Like things were okay back then. We're not talking about comments, people. But there was a guy in the comments last week who said the first 20 minutes of this podcast sounds so topy.

44:35Oh, topy. But that's not, guess what? He's talking to himself. The market's at an all-time high. That's not us. Yes. And that's the thing is that, do you remember people saying that in 20, what was the one line? I can't believe you could read the comments. So, I mean, I'm not going to lie. I peak from time to time, but every time I open the comments. 90 % of them are positive and people saying, and people giving us recommendations and inside jokes. And so I respond to those people. But every once in a while, there's. I respond to every email. The comment section, it gives me, I get anxiety. And I don't get anxious about a lot of things.

45:04I don't mind getting in there and mixing it up a little bit. Okay, good for you. But what was, do you remember the line in 2013? You know what I'm talking about. This market is running on fumes. Not only do I remember it. I don't even want to say the rest of it because, but yes, I remember it very well. But that's the thing. Every time the stock market hits all-time highs, and listen, it could, it could, it could have a reversal. That could happen. But the weird thing is in 2013, we came all the way back from the huge 2008 crash. And then people thought, okay, this is it. Think about how long it's been.

45:33That was 2000. It was 2014. Josh and I were on a bus in Texas. And while we got a bus in Texas, that's not important. but I remember like absolutely belly laughing at the absurdity of the line that we're talking about, about how the market's about to fall out of bed. Not because it wasn't possible because this guy had been saying it for so long and it's a decade later. Yeah. And the person is still saying the exact same thing. That's the thing is people in, in it was kind of worrisome back then because the great financial crisis was still so fresh in your mind. Like what if, you know, it does roll back over again.

46:09And you're right. That was, I don't know, 200 % ago or something. I'm always worried. No, like I just don't act like the, okay, whatever. All right. So Corder has this great slide, is content still king? And they show Apple, Disney, Paramount, all that sort of stuff. And they break down the number of TV shows on each major platform that are rated between six and a half and eight, which is junk. I'm sorry, under six and a half, which is junk. And the most is Hulu. Now this is an adjustment for percentages. is just total number. So Hulu has the most junk, again, not its percentage, most junk on the platform.

46:47But let's forget about junk. Let's focus on the quality. I'm sorry. If I'm picking the junkiest one, it has to be Netflix. I would say so too. But I'm also surprised that the quality rated eight and above number of TV shows, Netflix is the highest as well. That is interesting. That's surprising. You know, I saw Ben Stiller tweeted about Severance this morning. New season coming? We're coming out of the doldrums. There was a deep freeze due to the writer's strike. Yeah. So one of my favorite shows, that's a stretch. One show that I enjoyed a lot and I don't know anybody else who saw the show except for me, which is weird because it was on HBO.

47:21Tokyo Vice. I liked that one. Oh, you did like that one. Pretty sure I gave that one to you. No, no, no. Yes, yes. No way. I was in on that one from day one. I think I gave it to you. I'm willing to be wrong. Check the tapes, John. So that's coming back. Okay, good. I like that one. Love that show. what else is coming back? Curb Your Enthusiasm I've got Death and Other Details and I've got True Detective we're back okay that murder at the end of the world kind of died off I heard that fizzled out glad I didn't watch it the first episode is the best one I still have to finish it once House of the Dragon coming back I don't know I'm sure we'll hear about it a lot though last week when WWE I need some WD-40 over here hear that?

48:05yeah last week when WWE a forewent. What's the past tense of foregoed? What are you saying? I don't know what you're saying. They were getting$250 million from USA. Oh, you're saying they gave it up to go to Netflix. So I'm saying they forewent that? They foregoed it? I'm pretty sure forewent is not a word. Okay. Well, they went to Netflix. They're getting$500 million a year. The reason why that was a watershed moment for me personally, It was just a bit of a Captain Obvious, but a light bulb moment. Like, obviously, cable peaked a long time ago. It's never going to have more subscribers than it does today.

48:46Like, that is just secular. It's mutual funds versus ETFs. But that was a big one. But I'm still holding on for dear life. I mean, I'm never cutting. Not never. I have no plans to. Anyway, so Matt Bellany at the Puck, or just Puck, wrote, about the transition that Netflix has been making. You know what would do it for me? Yeah. If Google offered internet with YouTube TV. Because the part that you still have to buy the internet and they just jack up the internet costs for you. So that's part of it for me is I get the internet too. So if Google said, we'll throw in internet with YouTube TV, I'd probably do it.

49:25By 2022, Netflix was releasing 85 original movies a year, all while overpaying talent upfront to buy out their backend. At that insane pace, many of the Stuber films. So this guy, Scott, I think his name's Scott. Stuber, he's leaving Netflix and he was the guy responsible for all these movies. Stuber films felt about 80 % finished. Like the production executives in charge hadn't yet given back her notes. That's what we said. This always feels off about the Netflix movies. It just feels like they weren't done. They weren't done at the beginning, which was the case. Yeah. Because they were putting out so many, it wasn't a quality.

49:56Oh, so there wasn't enough time to like. Yeah, they were just pumping them out. So our intuition was right. Some, like the$200 million star vehicles Red Notice and The Gray Man played like unintentional parodies of better movies released in theaters. That's true. So true. So he said to that end, a Morgan Stanley report called the WWE deal a seminal moment for sports. It just felt like a really, really big deal that Netflix is slowing down their movies and focusing on sports. So what's the first domino to fall? Like what's the first merger to happen? Is it just Paramount Plus? Well, that's where all the smoke is.

50:32But now they're talking about like there's a lot of debt and Larry Ellison's son might just want to buy the core assets. Who knows? But I did see Netflix tweeted longtime collaborators. So they're not done with movies. They're just not going to do 85 a year. Longtime collaborators, Ben Affleck and Matt Damon are teaming up once again. Affleck will direct Damon in the kidnapping thriller Animals for Netflix. I mean, I don't need to hear more. I'm in. I'm in. Yep. I think there's a new Adam Sandler movie called Spaceman. Did you see the trailer for that? Pretty weird. I thought it was. what was that book that we read and I don't want to turn it into my dad and just make up the name of it.

51:07The space book that we read with like The Rock, Spider. The Marshall one, yeah. The guy who wrote The Marshall. Halo, was it? Was it Project Hail Mary? Project Hail Mary. Thank you, John. They're already making that into a movie. So when I saw the trailer for Spaceman, I thought that was Project Hail Mary. It's not. Yeah, it did kind of look like that, yeah. All right, Matthew Ball tweeted, Peacock is way ahead of subscribers and revenue, but way behind on profit. Cumulative losses are now five times what was originally pitched to investors in 2020. How crazy is that? They're going through what Netflix did five years ago.

51:38They're all like five years behind Netflix, right? Just a, streaming was just a debacle. All right, somebody emailed us. We were having like trouble with the spelling, just not trouble, just thinking about how weird it is. And Kobe keeps telling me why isn't this spelled with this? Like wild, why isn't there any at the end and all this sort of stuff. So somebody emailed us. Cowan Eden is beef. Pig when eating is pork. Deer is venison, poultry, etc. The keepers of the animals were poor and spoke Old English. The eaters spoke French. So it was called one thing by the workers and another by the eaters because of the predominant languages of each position.

52:14A lot of fascinating stuff here. Yeah, I get a lot of people did tell us like, yeah, the reason that the words are so messed up is because English is a jumbled up language of all these other languages. That's fine. Yeah. Just cut it off and start over. Yeah. That's all I'm saying. All right. So I watched The King on Netflix. Movie? Which was a great plain movie. And I say plain movie because it was a drama and it was a bit slow. I probably would not have had the patience for it on the couch. But this is one of those rare Netflix movies that felt baked. Timothee Chalamet. I've never even heard of this.

52:47Is it new? No, you've heard of it. Once you see the image, you're like, oh, yeah, I remember this. I think it's from 2019. Okay. It was quality. And I'm not, where do you stand in the medieval films? Yeah. Yeah? It was kind of dark and everyone's dirty. Yeah. This was a good one. Okay. This is a good one. I do recommend it. It was good. But again, more of a plain movie for me personally. Fair. I made my wife watch Past Lives with me because I'd already watched it. You re-watched it. Sorry, I said I'd watch it with her because she got mad at me because I watched it without it. Did she love it? Yeah.

53:20It was obviously, the ending's kind of sad, but that's, that's, that's gotta be Best Picture. That's my call. Wow. I mean, Oppenheimer's probably going to win. It should be that. Here's one from the... You really are a film guy. No, I'm not a film guy. No way. Past Lives is absolutely a film. What are you talking about? As long as it's like a coming of age kind of, then I'm in. Watch Bernie on the plane on the hub. Okay. Here's one from you from the early to mid-2000s. Maybe late 90s. Ed Burns, underrated as a film person. Is he a new lion guy? Yeah, he is. So we started with the Brothers McMullen.

53:55What? And then did She's the One, which was Jennifer Anson and Cameron Diaz. I never saw that one. In like the 90s, both throwing like 95 miles an hour. And he did this other one in like 2006, I rewatched This Weekend on Starz called The Groomsman. I haven't seen any of this. And they're all just very simple movies. He basically plays himself. He wrote and directed and starred in all these movies. He's got a few other ones too. But I don't know what happened to either. but that's my take is Ed Burns was there's no Ed Burnses anymore who are writing directing these simple little indie movies and I always enjoyed most of those I thought the grooms one was pretty well done the Safdie brothers are doing that okay just in a different genre I can see that anyway yeah Ed Burns was a so many there's so many actors like that like whatever happened to that Daniel Stern you keep coming back to Daniel Stern it's true how about this one what did I watch recently Matt Dillon see this is like the tweet where people say that guys could just sit in a room and name sports players for us it's actually I mean something about Mary and Wild Things that was I mean he was he was on top of the mountain yeah same kind of guy okay alright Ben you're in New York City because we're going to be at Stock Exchange tomorrow that's right we're going to be filming a live podcast from there for a talk your book that's coming up we're going to not the seller tonight I think we're going to the village on the ground or fat black pussy cat I can't remember which one but comedy show comedy show I'm in you always take care of me when I come to town good host what a guy all right anal spirits at the compound news.com personal emails personal responses see you next time

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