Mr. Wonderful aka Kevin O’Leary: Shark Tank Meets Marty Supreme

0:00They came to see me and said, look, we're looking for a real asshole in this and you're it. Well, listen, I met Barbara in Vienna in 1601. That was my first dance to her. She was there, too. No, the only reason she gets to L.A. every year from New York where she lives here is I buy her a new broom. I give her the latest model. I said, Timmy, I mean, I admire you. An ass is an ass, and there's only one ass. Make it your ass. Celebrate your ass. And put it in this film for generations to come. I can't believe how good I look. I look spectacular. It's ridiculous how good I look. Kevin O 'Leary Kevin O 'Leary is a little different move for us but I think you know he does financial advice Shark Tank for years at least 10 years that shows everywhere worldwide and interesting guy and also he was plucked was it by the Safdies or Josh Safdie to be in the new Marty Supreme yeah maury supreme so he it's really interesting like the guy's never been an actor and all of a sudden he's in this big movie and uh it's really funny he talks about how he he was a spanking uh timothy shallow in the movie and and how awkward and all that stuff that happens but yeah he's pretty pretty funny he's a confident guy knows a lot about business but him in kind of a you know like an Oscar-winning movie for your first role.

1:31It's really interesting. Yeah, with the Safdies. I mean, my God, it's as cool as it gets. And a big movie that's out there right now still. And listen to what he has to say about it. Here he is, Kevin O 'Leary. Listen to what the man said. Kevin O 'Leary, you know, he's really interesting. Oh, he's on. Oh. Yeah. All right, let her rip. he goes that sounds like a product that sounds like a name of a toy or something called let it rip I like it let's go with it we get some funding spade knife throw on a couple hundred dude if I had Kevin's money I'd throw mine away do people who are very wealthy if you walk into a room and you're very very very wealthy but then you've got billionaires multiple multiple billionaires do you feel small um you know i mean i i don't need any more money i just need more time that's my real issue yeah you're right like this you know what i think there's always a guy way richer than you yeah always and so i don't really give a shit about that when i go in a room i go what if i walk in this room and someone's better looking than me i mean the chances are low but there's a chance no that that never happens to me here's my way of thinking about it like it's just a bigger room to watch tv i think that was in a movie no no listen i i look fabulous all the time i can't believe how good i look it's ridiculous you look great and no after shave is it moisturizer is it just your attitude because you do a little bit you look fresh fresh and exciting you know i see you on a lot of these shows kevin um not not only shark tank but i see you when you're on some business shows and you always have good energy you always have a lot to say and you're very articulate and you can speak well.

3:38And I think that's a big part of your success. You have opinions and you lay them out and you don't sort of mince around. Yeah. You know, I mean, the way I look at it is just tell my mother told me when I was 16, just tell the truth. You never have to remember what you said. Now, some people don't like it. They get all that stuff, but I can't keep everybody happy. What am I supposed to do? I care about my family and maybe 15 friends and everybody else. I don't give a shit. I'm with you. I don't give a shit. No, it's good. I mean, when you're on like a cable show, then you've got to do the sound bites.

4:18You've got to be really succinct. Now you're on a podcast. So it is a little more interesting, right, for you, or you can say whatever you want or no. No, but listen, I respect. I mean, I got to admit, you know, I got a lot of followers. I don't know, 11 million followers. and sometimes I get like an essay, maybe four pages, well-written, just blasting me about something I said. Imagine, four pages. Imagine. Somebody spent like an hour writing it really well. I mean, I don't know if it was AI generated or not, but they really worked on it. And I got to say to myself, well, I got to respect the amount of time.

4:57Why don't you waste your time on that unless you were very passionate about it? And those are the people that I actually respond to. Most of it's hate mail. And then there's about 2.5%, which I call the lunatic fringe, which is just they're completely fucking crazy. And what am I supposed to do about that? Nothing. I can't do anything about it. And so that's it. I mean, you know, I've been dealing with it for 20 years, and I've kind of found a place to live and float in the sea of happiness. You're doing good. Now, when Shark Tank came out, how long did it take for that to sort of catch on? Or was it immediate?

5:35I can't remember. No, it got canceled three years in a row. The story's legendary. I mean, every year it got canceled. Everybody hated us. But Willow Payne was married to Iger. And I'd met her way back in the ABC days. And she was raising kids with Iger. And they loved the show. And so every time he'd come home saying, oh, we whacked those guys on Shark Tank. She said, we're not whacking Shark Tank. Our kids like it. Other families like it. It's the only thing on TV that doesn't have everybody naked screaming about sex. Yeah. And so it became a family hit. And then the fourth year, it just went geometric.

6:16I mean, poo-poo happened, you know? Geometric. I'm glad they didn't go into, like, Shark Tank Island where then they're all dating. That's what it should have gone into because that's what most shows are on TV. Yeah, we said it was called Beyond the Tank, right into the poop shoot. That's what happened. Excellent. That's the first time someone has said poop shoot on this podcast. Thank you for that. You'd think it would be a lot. It's not. No one said it yet. I think it'd be a comment, but no one's ever said it. So Willow Bay helps out because it is sort of a family show where it's fun to sort of figure it out, and it's fun to decide as a family, is this something that's a good business?

6:53You know, you learn about a lot of things. well i think the reason it works is that we don't know you don't know what's going to walk through those doors and it's the essence of the american dream i mean the idea that you can come up with a product or service that solves a problem become a multi-millionaire which we've done countless times in 17 years we've sold billions of dollars with a product you get eight minutes on network tv and 110 million eyeballs on syndication in 54 countries i mean come on i mean it's like this podcast you just you just need to find some product that p that that you're beyond just your grandmother and your uncle buy you got to find something that really people need and it's all kinds of crazy stuff i think about you know uh pet dna tests and stuff that you would think would never work it makes hundreds of millions of dollars yeah you don't and that's the thing you got to sort of troubleshoot it in a short amount of time and say how much will i invest and if you do then you go oh now i gotta beat someone else now i gotta go higher than i wanted to go that that's that's part of the intrigue i mean the first million is easy uh because you do it yourself but getting like when you hit five million you gotta start hiring people you have to find out if you're a manager a lot of people shit the bed when that happens they blow up um but if you can get to five you can get to 50 if you get to 50 million in sales you get to 500 million we've had that happen lots and lots of times because basically you've proven that you know the product works and people want it now you have to scale it that's a different skill set often yeah and you have to find other people that can help you do it but you know it takes it generally takes three to five years to prove out a company but it happens quickly when it's a hit it's a hit yeah that must be the fun is the idea kind of sort of figuring out what people need that before they know they need it I think what happens is to the big ones is they find some pain point that they look around them and everybody has that pain point.

8:58Now, I mentioned it earlier, but I'll give you an example. Most cats die at around 12 or 13 years. I'm not a cat guy, but I'm giving you data I know because I invested in this company called Base Paws. However, cats in ancient Egypt, chocolate point Siamese, lasted past 30 years. How'd they do that? because the ancient Egyptians knew what to feed them. And so they'd give them food that they would not abscess their teeth. So we give them shit food and they die really quickly. So if you get a cat DNA test and you find out which of the three genres of cats it comes from, because there's only three big pools, you can actually feed the right food to a young cat and have it last half of your life or maybe 40 % of your life.

9:45And so this thing called base paws, where you stick a Q-tip where the sun doesn't shine in a cat and send it in and get this analysis,$29. So when she came on the set of Shark Tank, I said, well, excuse me, I can buy a new cat for five bucks. Why would I spend$29 on a test like this? And 110 million cat owners shit on me. But, you know, I eventually figured out I wanted to do that deal. and I did. And we made a lot of money, a ton. It was bought by a giant pharmaceutical company later for the data. It's cheaper than moving to Egypt. Right? Yeah. You know, it's funny because when my brother ran that Kate Spade company, he was just a guy from Arizona with Katie and it kind of blew up pretty fast.

10:36And I remember seeing him in the office when he's like, I just had a dock worker in here telling me he's going to break my legs if we don't do that. He goes, I don't want to do this part of it. That's what you're saying about management. That's what I thought is like, he was into designing stores. He was into putting the bags together. But when you start getting, it's too big, then they did wind up selling because it just was out of their reach. That's not what they were trained to do. And it's so fucking complicated to run a big operation. Well, that's true. Executional skills are next to impossible to find.

11:06And so you're right. Big is 50 million. And after that, you need executional skills. And most people have founders of the company don't have them and they they go to zero because of it they buy too much inventory or they don't manage their systems and whatever it is i see it happen all the time that's why i make a lot of changes at around the 50 million rate i said listen i'm going to help you out you're going to call the board i'm going to whack you now which is a good thing well you need someone that knows what's going on who's done this before right because it's like a movie you go you make your own movie and you go i don't know how to make a movie you think you do and it's there's so many people that do each job better than you you need to keep hiring people to make sure they've done this before it's too many moving parts yeah now movie making stuff i just finished one of those that's yeah we're excited about that i mean the safeties is it both safety brothers that directed it one no no no this is josh josh okay wrote the script with ronnie bronstein the same guy that did uncut gems they are very disturbed individuals yes uh yeah i know them a little bit i know well uncut gems was a sweaty uh fast-paced movie that was really uh well done and they they know what they're doing for sure and this one already has a lot of attention and sounds from uh it's going to be great on the awards circuit i honestly honestly kevin i thought you'd be in a cameo when i first heard i thought you'd come into one scene or something yeah in the entire movie and you land at the end they came to see me and said look we're looking for a real in this and you're it right someone who's just incredibly cruel and mean and really cocky and then they thought of you yeah i don't know how that happened i don't know how i didn't get called it did you say at the end of the movie i was born in 1601 did i hear that right when you're talking I was very unhappy with the ending and Josh and Ronnie and I fought about it for a couple of months.

13:04I said, this guy, this Marty Mauser, if he really did this to me in real life, I would fuck him over so badly. You have no idea. And why am I character letting him off this easily? I just I'm so unhappy with this. And we started to negotiate. I wanted to kill off Rachel. I wanted Marty to die. That was me. So you were just a hired actor. Well, I mean, listen, at least they listened to me a little bit. I just don't feel right about it as Milton. I'm really pissed. And so we came up with this idea that maybe, and I suggested to them, perhaps I'm a vampire and I bite him and he lives in hell in perpetuity.

13:43That seems fair. And he said, well, we're not going to put fangs on you and have blood spurting all over the place. I said, why not? That's your kind of movie, guys. Look at the stuff you make. Yeah, you weirdos. And they said no, but you could maybe hint at it. And that's the compromise. And listen, I've been to a couple of premieres and people are howling at the moon at the end saying, wait a second, it's a huge narrative, a big disagreement about whether Marty paid the full price he should have. And I think that's what makes these guys magic. They get people. People talk, yeah. It's like the Instagram comments.

14:19You want people to fight. Yeah, I mean, look. In the comments. more people talking. Well, I mean, has this ever happened before in the modern era? Like this is, this is a movie that's on, it's a, it's a great movie. It's on the award circuits, everything. You'd never done acting in a film. And then you're in this film. I mean, does Larry Kudlow have a deal or Jim Cramer? I mean, I don't know what the rules are. I don't give a shit. I mean, I just look to me as you, you walk into a room, you know, the story, you know the script you read the room it's 1952 it's so beautifully you know it's amazing and then you just go at it and yeah well i mean i don't maybe that is acting i don't know right they're there to steer you anyway so and you're on camera all the time and you you've got a little bit of that beats you're ahead of the game and you're already sore to that personality so if you can get the lines down and not freeze up like cindy brady you can probably get through it you have a career like a gigantic career so you walk on a set when we were in our early days trying to audition were you getting past the terror and the fear of not doing it right or am i and for you to walk in with as a wealthy businessman and tv star i mean i guess that's part of the reason or just your nature that you were that relaxed acting across from timothy chalamet was kind of one of our great actors huge actor and yeah he was great and i i think uh he was kind of a you know i figured him out and he figured me out in the first couple of minutes when we started shooting our first day was seven pages a lot of text that's a big day yeah and we uh we just found the groove he kind of snaps into his character and then i could just beat him up that was what i thought you know well the way you did deliver the request and the way they shot that of the the infamous now maybe paddle scene and make him go get this paddle you did have a kind of a very devious thing about your your character that has nothing to do we had an ass double and he did and it was three in the morning and i said look the the fake paddle we were going to use got broken the first hit or it got broken immediately because it had a hinge and it was made of foam and it was crap then we had to go to a real paddle and the ass double guy was going to take the hit but timmy said no i want immortalize my own ass in perpetuity and so i said i have to hit your ass that's going to hurt so we rotated cheeks so that they were equally red through 20 takes and finally josh said you know you're not hitting him hard enough you're holding back you gotta wind up like she's all back yeah well they said look i'm happy to do it i mean i'll do it i'll happily do it um why happily I did.

17:08I mean, you know, my character should have done more than that to him. Yeah. Right. Yeah. We've all had that conversation, I think, with someone. Well, it's paid audition for the ASTO. Let me fix the sun here. Hold on. Oh, yeah. Is the sun in your – is that the real background? What is that? No, that's New York City right out the window. I'm at the Whitby right now. I love this place. Oh, the Whitby Hotel. Okay. The Whitby. What's that? Fifth Avenue, I think. No, that is the outside. I just started talking on the TV. It's a write-off because you're doing this. Good job. You know, every year, David, I think we can unequivocally say this, we make resolutions that somehow never stick.

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19:1511.58 Uhr, Mittagspause. Dein Magen knurrt lauter als der Bürohund. Und dann ploppt der Chat auf. Kantine? Wie immer? But then, you'll see the, as always, mickering portion and think, we should go to Mac's. For the Big McDonald's hunger, try the new Big Gouda and the Big Tasty Red Steakhouse with 100 % rice from Germany. So long the food is not enough to our breakfast. We have the crumbiest backdrop. Mine doesn't do anything. I'm just a rocket ship. I have a lava lamp. Is that a little sad fern? Yeah, what is... I don't know. I thought that was a little monster, but I think it's a fern. Please stand by.

20:03Is that Andy's book or Norm's book? Is that on a TV screen or does it look real? You mean Kevin's? Yeah. We keep all this on because we're authentic. No, no, it's 100 % authentic and you're getting real time. Listen, tonight is the big premiere in New York. Oh, it is. We got Nish. We got Timmy. What do you say to Kylie Jenner tonight? What do you think? And we have the sharks. Are the sharks coming? Your whole team? I got Cuban flying up from Washington where he's changing the health care system. Okay. Good for Mark. I got them all. They're all showing up. We're going to do Shark Tank meets Marty Supreme.

20:48I think that's a great idea. Now, how many sharks are there in total? Well, including the guest sharks, 4 ,000. But, you know, the original sharks were six. Was it six sitting there? That's a lot. Is six too many to cover and all that shit? How long does it take to do one pitch? Well, listen, guys, that's hard work because we started, as you know, making reality TV. You try and shoot three Eps in a day, start at five in the morning. Gross. And at night, you've got to rotate the talent. Otherwise, they're going to drop dead on you. For sure. And you're in your 40s now, so it's probably getting tougher.

21:27I'm 28 years old and I'm tired. Right. Remember, I'm in vampire years. That's right. We can't give away everything. But, you know, that's why he's drinking pee. He's a vampire. So, listen, it was first sharks were you, Barbara maybe? well listen i met barbara in vienna in 1601 that was my first dance she was there too no the only reason she gets to la every year from new york where she lives here is i buy her a new broom i give her the latest model i love it and there's cuban he came on later didn't he yeah i think season four he came on he's a new guy well he's my grasshopper he's still learning yeah he's still learning that have you and he done business together or is it just on the show you guys have things you own together and plan together or just friends no we have many deals together our teams work together i mean there's so many companies we've invested in yeah you know he likes equity i like royalties so he's a little bit country i'm a little bit rock and roll that kind of thing okay and uh and that's what makes it interesting we've you know we've taught america about pref shares, convertible debentures, equity versus debt, royalties, all that stuff.

22:44I think it's terrific what we've done. Is it weird in Hollywood? I was on David Spade's talk show and I got, I think, 0.05 cents for a rerun. I mean, the Hollywood, I don't know. You got to put that away. The royalties are pretty funny. Don't give up your day job. Yeah. Sock it away. They add up. I'm equity. I'm not a royalty guy. I'm kidding. Well, I mean, you know, in Hollywood these days, I think you want to buy out the forwards. That's my view. Get the cash now, invest it yourself, because you don't know what's going to happen to syndication. Not that we want to get technical here, but the world's changing so much.

23:22Oh, no, that's... No, we can get technical. Syndication died a long time ago. There's just no more. Yeah, my, you know, bread and butter was sitcoms and even movies. Like, you can do all right, just reruns and reruns and reruns, and it goes to HBO. then it goes to somewhere else and it goes you know grown-ups we joke it's keeping the lights on at TBS over there it's on seven times a day and then it's grown-ups too so well same for us Shark Tank's on four hours straight on CNBC at night so you know things go through the syndication process obviously by the way I'm a big fan I haven't told you that yet I think you're pretty good you know I don't have a big enough ego to say that but I'm happy to do it okay Yeah, you're talking to me or Dana.

24:07Don't say Dana. Both of you guys. Okay, good. Absolutely both of you. I appreciate it. That was nice of you to come on, by the way. We like what you do, and I watch you on these shows. And, you know, Shark Tank is one thing. And then when you see you on these shows and you're talking, I like that you hold your own against everyone. And you're not very political. You say, I'll take it down the middle. Give me any president. Just let's make some money. Yeah, you know, this whole thing with the way I've stayed out of trouble on this, particularly in L.A., which obviously is to the left and then the New York left and left and right.

24:41I don't care about that stuff. I'm a policy guy. Does this make sense? Because I don't show for politicians. How can you? They come and go like crazy. I don't care about that. I care. It's good policy. And I invest a lot. So I say this is a good idea. It's a bad idea. This policy works. This doesn't work. you know whatever and that seems to have kept me out of trouble i do as many hours on cnn as i do on fox yeah i've seen you on both yeah i do it on both and i say hey listen this is what i think and if you don't like it it's really interesting how um split and divided the country is now wow it's crazy and i don't know why because the the essence the number one export of america is not energy or technology.

25:24It's the American dream. It's the number one economy on earth for all its faults and everybody this and everybody that. I mean, I don't see people going under barbed wire in a river to try and get into North Korea. They're not doing that. That's happening here. And so people still want the American dream wherever I go. And the Shark Tank thing's on in 54 countries. So I can go to Saudi Arabia and meet the leader because the kids want Shark Tank pictures. I'm not kidding. Yeah, for sure. It's an amazing passport. I'm an ambassador of the American dream. I'm proud of it. And that's not red or blue.

25:58So I go to Washington to complain about policy. They let me in both sides because everybody wants to create jobs in their state. Who hates jobs? Right. What is our secret sauce, you think, in America? Is it we have more freedom than other countries? to we don't have the government um on top of us too much compared to other countries because usually in a lot of countries if you make money you're kind of in the bullseye a little bit especially living in california you are kind of public you are the one you are the rich who don't pay their fair share so it's a little disconcerting but i guess we're just better than any other country if you want to pursue your dreams with hard work well i think it's about personal freedom You know, entrepreneurship is not money or greed.

26:45It's about pursuit of personal freedom to do whatever you want with your time. And that's the American dream. And if you get it right, and many people do, you're able to do that, provide for your family. Now, California, I don't think you guys are paying your fair share. You should be paying 99 % tax. I thought we did. That's good. That 1%, that's good. And then here in New York, we have the big communist experiment going on, and I'm cool with it. I mean, I don't live here. I visit, and I wish everybody the best. And they're paying their 99.99 % tax, and that's their fair share, all of it. Remember that song, Tax Man by George Harrison?

27:30Oh, yeah. That was 99.2 % tax on the Beatles when they moved to France and said, screw this. right oh is that how bad it was how bad was yeah yeah it was it was 19 shillings out of 20 shillings in a pound oh my god because they were making the most why he wrote that song and i think that gives you an idea that you don't the great thing about america is the competition of states you don't have to stay in new york or california you can visit like i'm doing i love new york i love the rockettes i went downstairs and bought some gloves today i'm supporting the economy here but I'm not living here. And I've got my app making sure I'm here six months less a day.

28:10And I wish that everybody. Yeah, for sure. Where do you live, Vegas? The best real estate agent in Florida is Mondami. He is selling houses down there like you can't believe. Just the planes, they have to get extra flights, just people are leaving. Palm Beach. I'm telling people, stop moving to Florida. The traffic sucks. Is that where your base is? Yeah, everybody lives in Florida now. all my boss and neighbors all the neighbors here every hedge fund manager i know every finance guy they live in florida and they visit new york i don't know who's going to pay the taxes here but this isn't going to work wow it's a tough spot interesting i believe me i can't sleep i can't sleep about it so do you have anything uh just because we have you here you're our first kind of person like you on the show well what's your take on it like me yeah well the nose business we can ask you uh just basic things about okay well i know wine too this is a pool of name entreshe 22 absolutely spectacular and i deserve it because in about an hour i've got to head off and do that whole red carpet thing with timmy and gwyneth and all the rest of that i'm taking my whole family with me, bringing my kids up for this.

29:25And, um, you know, I've, I've never done this kind of gig before, but boy, it's crazy. You guys have done it. I haven't done it. It's going to be loud. And you're going, how will you, you're going to get a lot of compliments. Yeah. You were so great in this movie. I love it when people suck up to me. I really do. You're going to be sucked up beautifully tonight. And it's going to be loud, and it's going to be, Kevin, Kevin, Kevin. Yeah, I'm good with that. I'm good with it. Then the after party. I'm against drugs, but not rock and roll. Right. Okay. Are you going to – what if they go, picture you and Timmy, give him a little spank, give him a little spank.

30:05Yeah, we've done that already last night. Are you wearing a clasp? I think his ass has callous on it now after what I did. Yeah. His ass is one big callus. I think I saw that on Instagram. I admire him for saying, look, I'm not letting a stunt ass immortalize my ass in perpetuity in a film. I'll take the hit so it's my ass. That was 3.45 in the morning. I said, Timmy, I mean, I admire you. An ass is an ass and there's only one ass. Make it your ass. Celebrate your ass. And put it in this film for generations to come. Well, this is a very, I looked this up earlier. chalamet is french for ass bank which i thought was so ironic just bizarre you didn't know that now your tuxedo are you going classic cary grant george clooney or are you going to be colorful not tuxedo he's wearing a suit you just weren't no i'm going to i'm wearing you know i love it what are you wearing tonight what are you wearing i don't know no one else would ask you that you I was talking, like, I'm talking to all the, I wear Prada and Dolce, but Dolce lately said to me, look, we can make you a tux from 1952 with the thread from 1952.

31:21And I think it's going to capture the moment. I said, I'm good for that. So I'll be wearing Dolce. Nice. I'm wearing Dolce, you know, Succeedo slippers. I can't believe how good I look. I look spectacular. It's ridiculous how good I look. And so, you know, I'm almost embarrassed how spectacular I look. Don't outshine everyone. Don't outshine Kylie. You know, I got to be careful. I don't really want to do that. Timmy. I'm just a supporting actor, but I think I'm going to walk out there and the light's going to shine and grown men are going to wait. It's a good way. It's a good attitude. How will your friends handle this new thing you've got?

32:01You're a movie star basically now, along with everything else. I mean, Mark Cuban. I know they're my friends because they don't give a shit. They really don't. okay that's good no one's jealous at this the guys i hang with i've known for like 30 40 years i mean you know yeah before i had any money and before i you know did tv or any of this movie stuff those are the because you know obviously i have a lot of new special friends but yeah they're better that's my your friends in quebec a long long time we have a lot of old friends come back Yeah. From Canada, Mount Royal. Oh, you're Canadian. Yeah, I was born in TMR and I moved to Boston.

32:46My kids were all born there and grew up there. So we have really interesting Thanksgiving dinners because my whole family is American except me. And so you know how Canada and the US are shitting on each other these days? Oh, yeah. Yeah. Personally, what I think should happen, forget about the rhetoric, is we should just join forces in terms of the economies. Canada has all the raw resources and the US is the largest market and bulk up, go to the American dollar as the common currency because that's what everything's priced in in Canada anyways and then tell the Chinese to fuck off

33:22Does Trump know this? Have you talked to him? I have talked to him about it The Canadians are very proud I get it but they will one day realize the enemy is China I don't dislike the Chinese people but that government's nuts and they wanted world domination on everything, AI, army, economy, resources. I mean, if people don't understand that about China yet, they're nuts because that's coming. And so at some point, this whole crapola between Canada and the United States, because it shares the largest border on earth and it's the two richest countries on earth in terms of resources and economy, you get together and you say, look, China, don't fuck with us.

34:02That's what's going to happen in the next five years you heard it here first does canada have rare earth minerals ready to go big time big time they got everything but they don't have the money to dig them up as a stock certificate look it was run by an idiot king for 10 years and now he's gone now there's a new guy i didn't vote for him but i i want him to win and i think he's smart enough to understand to get the economy back rolling again canada's a very very rich country run by idiots yeah is it katie perry's boyfriend still or is it someone else no i mean the katy perry idiot king combo i offered her a free prenup i have a shark tank company called hello prenup and i'm providing her with a free prenup because everything the idiot king touches goes to zero

34:51idiot king like it is i'm known as a merchant of truth I love it. All right. Pick one of these to talk about. AI bubble, Bitcoin, affordability, the catchword of the day, the tariffs, Fed interest rates, or anything else. You really want to talk about that shit? No, I'm just saying if you had any hot take. Our audience is highly undereducated when it comes to finance. Or uneducated. let's touch on crypto because i spent a lot of time on that and i did a lot of work on the crypto bills all you need to own in crypto if you're going to get into it is bitcoin and ethereum there are 10 000 coins you don't need to own any of those 97 of the alpha which is the price volatility of the entire crypto market are two just bitcoin and oh i didn't know just dump all All the poopoo coins, you don't need to own.

35:47There's not enough. We have Bitcoin. People come up with a coin. How does that work? They just say, I'm going to do a poop coin or fart coin. And then you go, okay, oh, it's up a million dollars. It's actually a poopoo coin itself now. Okay. So, I mean, it's just like a Vegas speculation, but that's not where the institution is putting their money. They're buying Bitcoin and Ethereum. But it's no different than digital gold. Don't own more than 5 % of your portfolio in it. You can make about 3 % yield on it, which is not a lot. I mean, don't speculate too much. I mean, some people just never own Bitcoin because they don't understand.

36:21You can't touch it. But it's sort of like a digital version of gold. Gold's been around for 2 ,000 years. Bitcoin's been around for 16 years. So a lot of people don't trust it yet. And is there a government-owned crypto? Or is that going to hurt Bitcoin if that happens? Or has it already happened? The government approved stable coins, which is a digital payment system backed by the US Treasury. That made sense. And it's being used like crazy. It's only about four months old. But all the banks are starting to make their own stable coins. If you want to use a stable coin, just get Robinhood or Coinbase.