The Market Is Crashing. Here’s What We’re Doing About It…

0:00All right. Can we talk about the stock market going down? Because I had to yell at a bunch of people.

0:14So basically, the markets dropped, what, 5 % this week? And in our little circle jerk world, it felt like the world was ending. So I guess the Dow had its worst day in two years. S &P 500 is down about 5 % so far this week as of time of recording. And I think the tech stocks did a bit worse. So NVIDIA is down 12%, Google, you know, whatever. A couple of the tech stocks, which is more maybe where we are at in a bubble, did worse. They gave back a lot of the gains that they've been having so far this year. And so it was a bad day for the markets. And by the way, I wake up, I wake up, and I think some people on the East Coast, you're on the East Coast, a couple people in the group chat are on the East Coast, and it either says one of two things.

0:56It says the world is ending with four or five likes on it in our group chat. Or it says we're going to Valhalla boys. And it has four or five likes on it every morning. And I really, I don't even check the market. I just look at that text and I know directionally is the arrow up or down, but it kind of gets to you that, that, that way of thinking. It bothers me. I had to yell at my partner, Joe, because he just calls me, are you freaking out about this? I'm like, freaking out about what? He's like, the markets are just going down like crazy. Like, should we sell everything? Like, what do we do?

1:24So like my reaction was just like, well, this is expected. Like if you if you just buy index funds like I do, like there are ups and downs. But in general, over five, 10, 20 year periods, you're expected to do that, to go up and down. And he just like freaked. And I and it made me angry. Like it made me angry because I was like, I wasn't stressing. But now I am. And this is not healthy. And that's what happened. OK, so I had a similar experience. Ben calls me. I'm on vacation. So Ben calls me and he's like, dude, what are your thoughts on the market? First of all, are we only going to do calls when the market crashes about the market?

2:05It's not a topic we normally discuss. Okay, so first of all, I have no thoughts. It reminds me of that skit back in the Dave Chappelle skit where it was like, what does John Rule think? What's John have to say about this event? We got to get John on the line. Yeah, let's get John on the line. Let's talk about the market. second thing he was like he goes yeah i we should probably do that thing but uh you know i did think like maybe we should do xyz and he like laid out some like new plan and the funny thing is i have been in a mode where i've just been trying to i've understood that one of the most powerful things you could do is take a simple idea very seriously i'm actually gonna do a whole episode on this taking a simple idea seriously but in general picking a few things that matter and then just simply doing them as well as possible and reinforcing it.

2:55So I actually do a thing, which is I wrote out for the year. I said, here's the three big things, big shifts. I always call it like three shifts I'm making this year. I'm making this shift, this shift, and this shift. Those are the three things that need to change in my life. The rest of the things are going great. I don't need to talk about the things that are going great. And every single week I write down that shift. Again, in our Slack, I retype the exact sentence. And then I say what I'm doing today and how that ties to that shift. And if I'm going to do something today that doesn't tie to that shift, I just simply don't do it or with very rare exceptions to it.

3:27So I've been doing this for a while now. And I told Ben, I was like, Ben, so remember that thing we've been saying over and over again, but like what we're doing this year, why we're doing it, why it's the right plan. Did we need to add a disclaimer, which was unless the stock market crashes and then we're just going to throw all the shit out the window and suddenly change our decision making about all the things that we're doing. And it sounds ludicrous to say it like that, but that's where his mind went in the moment. And I don't blame him because my mind used to go there too. And I've, I've developed a set of rules for myself through making horrible, expensive mistakes, which is fundamentally when markets crash, just I have to assess like a, it is the wolf at the door.

4:09Like, do I actually have an existential crisis? If so, okay, I'll, I'll, I'll make a child shift my attention to this and change. But like, If that's the case, it's because I somehow over levered or like really stretched myself too thin or like I've made a huge bet that I should have never made in the first place. So is the wolf at the door? No. Okay. If the wolf is not at the door, simply do not react. Just do nothing for 30 to 90 days and then see where you land. How would you have reacted five years ago? Well, I can tell you how I did react five years ago, making mistakes. So when COVID, actually, even before COVID, I remember at the end of maybe 2019, 2020, we had just sold our company.

4:46And my cousin, who's a hedge fund guy, and really all I know is like, this is my cousin. He's a hedge fund guy. And our whole family thinks he's the smart stock market guy. You know, people like in your family, when you don't really understand what people do, you just boil them down. You just categorize them into, well, he's the doctor. So no matter what my issue is, let's call the doctor. He's a heart doctor. I got a foot issue. Doesn't matter. That's the doctor. I'm the tech guy. It's like, whether your router doesn't work or you're making a startup investment, just call Sean. Well, this is the stock guy.

5:13And he was like, it's been a long bull market. I'm moving this, this, and this. And so I went to cash. I was like, yeah, yeah. Longest bull market in history. I'm going to shift some of my allocation around because I got this one hot tip from my cousin, the stock market. Isn't that funny how when you phrase it as wonderfully as we're in the longest bull market ever, you're like, I don't know any of the evidence, but that was a great line. I'm in. exactly exactly he told me something about a dead cat bounce damn that sounds fancy what is that i'm googling it's like if i'm making decisions off a wikipedia article i just read like bad things are happening in my life um when covid happened i'm you know it's like i don't know it's global pandemic the world is ending and people are talking about l-shaped recoveries or uh w-shaped recoveries or whatever the hell like v-shaped recoveries i don't know what's going on i'm drawing on my notepad trying to figure out oh that means stock market goes up or just stays down and by the way you know what it ended up being a k-shaped recovery the letter they didn't even talk about at the time i was listening to all the smart money and it turned a k-shaped recovery where you know mainstream main street went down it just got bogged down by inflation and assets soared and people how do you have a k like doesn't there's multiple lines on that chart i guess up and down when they talk about um like flattening the curve i'm like i literally have to draw like could access i'm like wait so what is flatten like what does that mean by the way the dumb thing isn't drawing it out and trying to understand it that actually is the smart thing to do it's taking you know uh poorly informed action action was the mistake and so i ended up doing a bunch of things that i really never should have done i sold a bunch of things thinking that that was being safe and conservative but it was actually a poor decision in general the number of poor decisions i've made simply from reacting versus responding and i define a reaction as making a decision in the moment based on an emotion that I'm feeling, usually fear or greed.

7:09Responding being, I have let the emotion cool off. I have let that settle. And I am now choosing a decision that I'm going to make based off of some sort of logical rationale that I could write down. And I could write down the counter argument for it. And when I look at my argument for and my argument against, one of them wins. And so anyways, now that's the short version of my My current for us is, which I do not claim to be foolproof, but it is just an improvement over dumb mistakes I made in the past. I found this great chart. I think it was like starting in 1990 or 94. This chart breaks it down to if you missed the top gaining days of a market, what would your portfolio be like versus what would your portfolio be like if you just set it and forget it?

7:55And it was something like, what was this? I think the starting number was$10 ,000. And so it was like, if you missed the 30 best days, you would have only$30 ,000. If you missed the, which is roughly 83 % less than if you just set it. So if you just set it and forget it, you would have 181. If you missed the 30 best days, you would have 30 grand. And then if you missed the 10 best days, you would have 83 grand. You know what I mean? Like you would like, I see this chart of like, if you miss it. Now I posted that chart and people are like, yeah, well now do that chart with missing the worst days.

8:27and I'm like, well, you'd have way more money. But if you have some magic balls that could tell me, get that pole vaulter guy with the huge balls. Maybe he could tell me where is the worst day that I could time it and we're good. You know what I mean? Tell me where I'm going to die and I'll know not to go there. Yeah, that type of situation. And so I'm team set it and forget it. I also think that you have to look at VTI, the Vanguard Total Index Fund. We're still up like 8 % or 10 % year to date. even with this little crash. So I still feel good. Okay, great. Good segment. Anytime I talk about the stock market, it reminds me of any time a tech VC suddenly is a foreign policy expert or is a pandemic expert or whatever.

9:15I'm a novice when it comes to investing outside of my realm, which is basically starting businesses or investing in private startups. those are the two things I actually you know have spent enough time in to feel like I know what I'm talking about anything beyond that I'm better off sticking to a you know an 80 20 type strategy where I just just do just avoid huge mistakes and don't try to beat everybody yeah and if you look at how many hedge funds beat the market it's something like five percent of them and so these are companies that have thousands of nerds just sitting around a computer to try and like beat the index and they still like the vast majority of them struggle and so that like whenever I see that stat.

9:55I'm like, yeah, don't try that. All right, dude, I got to ask you about the Olympics. So you're my Olympics guy and I am famously not an Olympics guy. I like watching them, to be honest with you. I just think the Olympics are an insane, an insane sport. But I emailed you as part of my Friday newsletter thing. And I was like, dude, what should I be watching for? And you gave me a couple of tips, a couple of storylines that made the Olympics, I don't know, 10 times more interesting for me. And I want to talk to you about a couple of the things that you you brought up starting with this 1500 meter race how good was that a race i did not even know i cared about i didn't even honestly know this event existed but can you set this up because you gave me storyline i needed uh to really care about this and it was incredible all right so going into the 1500 meter so the 1500 meter is uh 109 meters short of a mile so roughly 15 seconds of a mile.

10:52So a really fast mile, let's say, is four minutes, a good 1500 is three minutes, 44 seconds. Going into the race, there was two clear favorites. This guy named Jakob Engelbritsen. So basically, this guy, I call him the Justin Bieber of track and field. So he was raised by his father and like, I think he has seven siblings of which two or three others are also elite runners, not as good as him, but elite runners. And so he's raised in this family with his dad who's very disciplinarian and he's also his coach and he's like they're raised to be great runners and in norway where he's from they have a tv show so they're almost like uh reality tv stars also in norway because these uh three brothers are wonderful at running so this guy is the best he's been the best since he was like 18 uh he has i think the second fastest or third fastest mile time of all time he has the world record and the two mile the problem with him he's kind of a pretty boy he's got these like cute tattoos all over his body and all the runners are a little bit arrogant and cocky.

11:52You have to be like that in order to be one of the best athletes in the world. But his cockiness comes off as more arrogance. And it also kind of sucks because he's like this guy who's kind of been the best since he was young. And so he's not easy to root for. You know, he's like the guy who's had it all and he is the man, but he kind of acts like the man. Now, the other guy he was going to race against, this guy named Josh Kerr. I've been lucky enough to meet Josh in Austin one time because I was friends with his manager. Was this the guy you asked to see his calves or to touch his calves or something?

12:21Yeah, yes, yes. So Josh, I think he's from Wales. I forget. Or no, Scotland. Sorry, is it Scotland? Whatever it is, it's part of the UK. And so they run under a British flag. And so he is more of a silly, quirky, like he's got like the British, like shithead kind of attitude that's very likable. And interestingly, the reason I talk about his calves, unlike a lot of the runners, he's still a really skinny guy. He's not as skinny as the other runners. And so he kind of sticks out. But he's like the man. And leading up to this race, they'd been talking trash to each other constantly. And track and field is usually a gentleman's sport.

12:58No one talks trash. And that kind of is one of the reasons why it's boring. They talk trash going into this race. And so it was like framed as Josh and Jakob versus each other. Josh is typically slower, but he usually wins races. Because in championship racing, it's not always the fastest person who wins. It's the person who shows up that day and has the best tactics and comes through in the end. because oftentimes they go sort of slow. And then the second half of the race is really fast. So it's typically not who's fastest. It's just who performs that day. So we go into this race and it's just those two.

13:27We think that's what's going to happen. It comes down to the last 200 meters, which is half a lap. So the last half a lap, it's setting up exactly like we thought, where Jakob is in front winning the race because he's the faster runner and Josh Kerr behind him waiting to kick and beat him. And Josh takes off and he's about to get Jakob. And out of nowhere, this American Cole Hawker, who's got the slowest time of most all of the other eight runners in the field, comes out of nowhere and he wins. And not only does he win, with 100 meters left, that's the last straightaway, he's boxed in between Josh and Jakob.

14:01And you see him try to take off and Jakob is kind of blocking him a little bit. So he kind of pushes him a little bit, but he loses his momentum. And that's really hard in running because accelerating is the hard part. So when you lose the momentum, typically that's your one and only chance to do it. somehow Jakob goes just to the right a little bit. So Cole Hawker can slip right through him on the inside rail and he beats him. And not only does he beat him, Jakob fades to fourth, which is like insane. Josh Kerr gets second. And this guy Cole, he doesn't just win. He runs the Olympic record. So the fastest time ever in the 1500 meter.

14:34And he runs something like the seventh fastest time in the 1500 meter ever. And he crushes his PR. And it was one of the best races I've ever seen. That was a great summary. a couple of things that I thought were fascinating about this. So when he was doing the trials and the semis, basically leading in, that guy Jakob had this strategy where he was so cocky, he would basically just start at the very back. So the race starts, he doesn't really care. He lets every single runner get ahead of him. And he would just hang back at the back. And then kind of the second lap, third lap, he would pass everybody and he would win the qualifiers.

15:11And it was just a cocky thing to do. but it was also effective because he knew he could push the pace and he just didn't want to burn too much energy right at the very start. The goal of the semis and leading up, it's to win and qualify using the least amount of effort. Right, exactly. And in the semis, him and Josh were going and it looked like at the end, they both kind of were feeling each other out. It was the first time running felt like boxing where you could see, oh, they're kind of measuring each other's distance, their power, and they're getting a feel for each other. You could tell even in the semis, there was almost a moment where Jakob won, but Josh kind of realized, like, if I had pushed this last 50 meters, I think I could have taken him, but I don't want to show him the full bag right now.

15:53They did something that was very controversial, not controversial, but it's very it's part of the story and running, which is when you are winning a race or you're at the end of the race. If you look around to see who's around you, that's like a cocky move. And what you do is you see Jakob turn his head as if he's looking behind him. it's like i see you behind me and that's like uh that adds to the the story which is always fun yeah yeah the runner's insult and so we uh and so but in the final you what you were saying was amazing because he did the exact opposite he starts the race immediately in first place this guy jacob goes faster than anybody has planned in the first two laps faster than even afterwards i was reading some interviews like why did he fade so hard he's like dude i i went way too hard at to start accidentally like i didn't pace myself properly i just got out you know kind of like it lost myself in the moment lost some composure he just went too fast at the beginning pushed a pace and it was it was basically that part you talked about where the american dude tried to pass him got kind of pushed back it looked like it was a complete wrap for him at that point it looked like there was no way you can get bumped back and then pass him again but it ended up working out which i thought was amazing if you haven't seen that one go to youtube and just type men's 1500 meter watch the uh six minute clip on the on the nbc sports channel it is like straight out of a sports movie type of thing you know like if you're an american you watch that it is uh super inspiring to see this guy who was a complete underdog nobody was even talking about him it was just a question of which of these two other guys and then this little the little engine that could basically passes them all at the very end runs the race of his life i thought that was amazing and the best part dude paris has killed it with this olympics the best part is they have this bell right at the finish line of all the events.

17:40And when you win an event, you walk over to the bell and you ring it. And he goes over and he rings this bell. And it was just like a really cool moment. So like I was all about it. I was I was screaming so loud. I woke my kid up from a nap. I was so pumped from this. So, yeah, I'm happy. I've been a distance running fan for years. It's not the most popular sport because it's not that exciting. I'm happy this existed. It's good for the sport. OK, so I have a couple other winners and losers I want to go through with you. So winner for sure, Cole Hawker and the 1500 meter race. I'm going to do another winner here.

18:12Mixed relay. Another race I didn't even know existed. It's new. Did you watch this? So historically, America's greatest event is the four by four relay, which is a quarter of a mile, one lap, four people each running one lap. We've almost always been the best. The mixed relay, I think it's a weird event. I think it's only lasted for two Olympics. This might be the only second Olympics that we've done it. Uh, and America, we got our ass kicked by, uh, was it Belgium? No, the Netherlands. So the Netherlands, sorry. This was a hilarious race because the way that the mixed relay works, say this is two guys to girls and they alternate.

18:50So it's a baton. You're, you know, you're handing off the baton. The American guy gets off to a good start. The woman for the, for the American team is standing in the wrong spot. Did you see this? She was standing 30 meters forward. and at the last second the official was like yo what are you doing wait you see all the other people like in her leg of the relay they're all standing literally like 20 meters back and she just spaced she just spaced during the olympics it didn't pay attention to where she was supposed to stand it's like if you lined up for a kickoff at an nfl game and one dude was just at the 30 yard line and everyone else is standing somewhere else completely it made no sense the last second she gets into the to the zone where she's allowed to be so she didn't get DQ'd, which would have been horrible.

19:34But then the crazy part was this woman at the end. The Femke Boll. Femke Boll is awesome. Femke Boll shoes. I am thrilled by this athlete that I didn't even know existed 24 hours ago. Femke Boll. If you haven't watched her, you gotta go watch this woman run. She just dominated the US in the last leg. She's this Dutch runner who looks like she's not even expending any effort whatsoever. She's like she's like ai dude she looked like fucking chat gpt grew legs and ran effortlessly ran the rest of this race when the rest of the humans were like sweating and trying femke bowl dude i feel like in another life that would be your uh your your dream girl femke bowl i love her i love her she is my my dream girl uh she's gonna be so she's another life this life yeah hey fam if you're listening uh she uh she's a 400 meter hurdle specialist and she's gonna race uh this woman named sydney mclaughlin and sydney's gonna kick her ass uh but fem's gonna get second and it's still gonna be a fun race that's my prediction wow okay fighting words i am uh officially i'm like a half citizen of the netherlands after watching that race so i'm i'm in on that one that's another big winner for me that race and specifically femke bowl was a huge winner can i do some losers losers of the olympics let me do one more winner so this is a relatively new thing.

20:57So starting in 2016, I think, in Rio, something like that, the Olympics did something cool. So there's a bunch of refugee athletes, so people who fled Iran. There's a wrestler who fled Iran because he was protesting and he fled. And so he can't compete for Iran anymore. There's a bunch of Syrian athletes, things like that. And so what the Olympics do is they put these guys into this team. I forget what they call it, but it's basically the refugee team. And they come into the stadium with the Olympic flag. and I always cry. I get really emotional when I see these guys come in because this is like the definition of the Olympics for me.

21:32And so they like pick athletes who are refugees and who have a shot at doing good and hitting the standards. So anyway, they have this one boxer who is from Cameroon and she had a fleet Cameroon. And it's the first time that one of these refugee folks has ever medaled. And so she's guaranteed to get third place at least, maybe second place in boxing. And so her match I think is tomorrow. And so that's amazing. So like a lot of these kids, well, they're young men and women now, but they like, for example, fled Cameroon or South Sudan because they were being recruited to be children's soldiers, things like this.

22:07So they like walk across, you know, a country to flee. And now they're in the Olympics. And that's my favorite part of the of the Olympics. Do they have like a so they walk in with the Olympic flag? What do they wear when they're at the Olympics? I haven't seen this. What was that uniform? Historically, they wear like blue Olympic jerseys. And so they and when they come in to the stadium, they all look different, you know, because there's Syrians and then there's Africans and like they all look different. And it's really cool to see this group of people who are all from all over the world but have similar like troubled backgrounds.

22:38And they all come together wearing this jersey. And it's really cool to see that jersey kind of unite them. yeah i love that there by the way there's a surprising number or maybe they just stand out when you hear the story but there's a there is a surprising number of olympic athletes who were either like foster kids or you know adopt this is basically the blind side story right it's like oh there's their parents and you're like oh that doesn't look like their parents interesting what's the story here and it's like well they they had this like incredibly tough upbringing but then it makes sense at the same time it's like if you're looking for the people who are like extremely gritty and the people who are going to overcome the incredible number of obstacles that it takes to become the best in the world at something it kind of makes sense that maybe you were forged in the fire that way i remember like you know i was a track athlete and i remember being really nervous before races but you wouldn't you'd be a lot less nervous if you came from a really hard life because you'd be like this is easy dude this is like you know like this is nothing compared to what i experienced like today's a day off of my normal life i'm running for a time, not running away from dictators, right?

23:39It's different stakes. Yeah. And so that's why I love sports. And so who are the losers? So we got another winner. So the winner, another winner we're marking here is the team refugee team. And my honorable winners are the parents who adopted several of these foster Olympians. That may be my future career. All right. So some of my losers here. And of course, I say this playfully because they're Olympians. They're not actually losers. i'll give you the most controversial one first simone biles and in general gymnastics can i give you my case can i zag here can i give you my case on why there's something about gymnastics that just creeps me out dude there's something strange and joyless there's not only the controversy that happened where a lot of like sexual assault stuff was going on with with gymnastics but gymnastics seems so high stress dude like when she fell on the beam and like there goes you know four years there's something just they have to do this fake smile while they're doing their routine but it's like the they look like the joker dude that's not a real smile i've seen real smiles that is not a real smile it just seems incredibly stressed it seems like a joyless sport and she is so dominant which is amazing but there's something uncanny about it's like watching an ai video where you're like this looks beautiful but there's something inhuman about what I'm watching here.

25:02There's something joyless about gymnastics. Dude, isn't it weird that you're judged in a sport on your appearance and your smile? I think that's weird. I think that's weird. If one of these women didn't smile and just had a plain face, I think she would get hurt. Dude, have you seen our YouTube comments? Everybody's judged on appearance. It's just weird that it's like sports. I'm going to get ripped for everything I'm saying and mostly the way I look. I think it's weird. I also dislike sports that are mostly judged. You know what I'm saying? That always makes me mad. Gymnastics was a rough watch for me.

25:38Also, can't tell the level of difficulty. It all seems hard. They all look absolutely incredible, and it's like, well, no, this one was clearly four-tenths of a point worse than that one. And so it is kind of an unwatchable sport also because everything that all the athletes are doing looks superhuman to me. Whereas a race, there's something just so pure and primal about a race it's like that person ran and won i could tell who won and lost in gymnastics i really can't tell who wins and loses um at all so in skateboarding that's now an olympic sport and i like to skate and you get points if you do so there's uh like your regular stance the way you skate all the time and then you get more points if you do a switch which is you put your not dominant foot in front you know you switch around it's freaking weird like who cares which footed footed you are like why do you get well it's like what if you're like you know what i mean i always thought that's weird and it's similar with gymnastics like if you use like like who's to determine what's more challenging if you use like your less dominant hand to lead i think it's weird that's why i'm not a fan of take the sats with my left hand do i get an extra 100 points so that doesn't make any sense right or like with an eye patch i so i think that's strange okay other losers uh that i have this pole vault guy going viral because he got a big slong yeah okay the wrong contest yeah exactly dude if i see another meme about this guy everybody had the same joke it's actually not even him it's everybody who made the same exact joke of like he actually won come on basically a guy went up on a pole vault he cleared the bar but on his way down his dick hit the bar and it fell over uh it sucks that sucks no he won dude all right um last one is a winner no aliles uh what do you have to say about this the guy wins what seemed like the closest hundred meter race did nobody even realize that he won until it was finally like the camera in like a 90 analysis realized that his chest hair crossed the line first noah has a little bit of a problem he's an amazing athlete i think he's a great guy he's real cringe so you'll have to if If you pay attention, he's going to be run the 200 meter, which is his better of him.

27:56And he's probably going to win because he's great. He's got a cringe problem, which is, he's the, you know, what do they call it in UFC? The triple C. He's a three-time champion. The third medal is for a cringe. Yeah. So he's the cringe champion. Noah Lyles has a little bit of an issue with that. Were you surprised, impressed by the finish? I thought that he was going to get second. Yeah, I was surprised that he won. Um, I was surprised that he won. And here's another thing. I was surprised that the Jamaican guy who got second, you should look, look at how big that guy is. People don't realize this.

28:30These a hundred meter runners and these 200 meter runners, they look jacked and ripped and they look jacked and ripped because they're like mostly naked and they're like flexing, right? They just, you always look better when you're like working out. But if you look at their body weight and their height, they're pretty lean, small guys. They're actually, it's like you saying bolt was six, four or six, five, but he only weighed like 190 pounds. It's actually not that, not that huge of a guy. the guy who from Jamaica just beast just beast of a guy I was shocked that he did as good as he did he's like Usain Bolt's protege right he's like training with him or something well Jamaica is a small ass country they all train uh with similar coaches so no no he's not good enough to be called his protege but he's good okay fair enough fair enough um okay two questions for you number one do you believe that any of these guys are clean yes uh I tend to be optimistic.

29:20I also thought Lance Armstrong was clean though. So, uh, but I, I tend to be optimistic. I think, uh, beating drug tests is, is fairly challenging, but I think they're clean. Yeah. Right. Before you ask me for my investment advice, I advise you to look at my portfolio, my portfolio. Yeah. Like I was like, I thought Lance was clean. So you don't. Right. Um, okay. Second question. What's left to look forward to rest of the Olympics for me? because the Olympics are also a complete... The other loser is the Olympics programming, how impossible this is to follow and watch. If you didn't tell me, hey, here's three or four storylines that you should pay attention to that I could get emotionally invested in and understand what I'm looking at when I look at it, which event to pay attention to, this would have been impossible to even enjoy.

30:07So what's left to enjoy for me? So the men's 200 will be fun. So here's a sleeper of an event. There's a kid named... And Quincy, there's a grown man named Quincy, Quincy Hall, who's in the 400 meter dash. He potentially is going to win. But then there's younger Quincy, who's a 16 year old kid who looks like a 16 year old kid. You know, a lot of like 16 year old prodigy athletes, they don't look like children. He looks like a child. He got fourth at the 400 meter trials in America. You have to get top three in order to go to the Olympics. But he got fourth, which means he's put on a relay. He's probably not good enough to be in the final four by four.

30:41But if you watch the prelims from when America is in the four by four, watch this young kid, Quincy. He's 16 years old. He's like darling. Like he's got like the perfect type of charisma where he's like composed, but he still like talks like a child. That's going to be really exciting. I think he'll be the youngest American track and field athlete ever to go to the Olympics. My mind only has room for Femke Bowl. So I really look at my notes here. I've just put boxes around the name Femke Bowl like, you know, 16 times as you've been talking, because I'm not really paying attention to anything except for her.