🎸 “Beatle Billionaire” — Paul McCartney’s $1B. Nvidia’s honeypot spy. Amazon’s Ring drone. +Moon Job

0:00This is Nick. This is Jack. It's Wednesday, Ceviche Wednesday, November 11th. And today's part is the best one yet. This is a T-Boy. The top three pup business news stories you need to know today. 11, 11, 11, 11. Happy Veterans Day. And thank you to all those who served out there. And thank you to all the military families listening as well. Honestly, we hope every company gives you free everything today. Every coffee you consume for the rest of your life should be free. Cosmo Kramer style. You just give every veteran just a card at Dunkin'. Hey, Darlene, can we make that happen? Yetis, we appreciate you.

0:33So we whipped up the best show we've ever done. Jack, what do we got for today's T-Boy? For our first story, there's so much interest in this Jensen Huang and video there. A lot. We found the history of honeypot spies. Because get this, right now, there are more spies in San Francisco than in Washington, D.C. For our second story, Paul McCartney is now a billionaire, the third musician on the Forbes list. But this beetle got there by breaking the rules, Beastie Boys style. And our third and final story, Amazon just unveiled the Ring drone. Wow. It's a flying security camera to patrol your house.

1:04And the reason we think it'll succeed? Well, because Amazon made it dumber, not smarter. But yet he's before we hit that wonderful mix of stories. What a mix. Love the mix on the best show in business, Jack. New job post got our attention. Six figure salary, plenty of travel, and you can work remotely. On the moon. Yeah, it's actually mandatory that you work on the moon. Yeah, besties, because this$163 ,395 job is actually NASA astronaut. Here's the news. For the first time in two years, NASA is hiring a new class of astronauts. But it's the first astronauts who could live and work on the moon.

1:39Because your office will someday be the new moon base. That's right. NASA announced plans to build the first ever lunar HQ. Come on down. So the work trips, they're not international. They're interlunar. Jack, what's the governing law of this employment contract? Interstellar? Christopher Nolan? Couple quick caveats, though. It's the only office on Earth where you can't have coffee. You mean off Earth. Right, because you actually can't brew espresso without gravity. And the last time NASA hired astronauts, the acceptance rate was just 0.125%. So it's 50 times harder to get accepted than at Harvard.

2:15Plus, it requires a drug test, a background check, a psychological evaluation, and... A water survival test. Yeah, besties is the first job interview underwater to simulate zero gravity. In the last 57 years, only 370 Americans have become official NASA astronauts. And a few have commuted to the moon, but none have had offices on the moon. The application deadline is December 3rd. Okay. Go to nasa.gov and please send a letter of recommendation directly to Houston. Remember to leave that ice latte at home. And to clarify, when we say home, we mean Earth. And to clarify further, Matthew McConaughey is not your boss.

2:49So Jack, let's hit our free story.

3:19First, a quick word from our sponsor.

3:49and it was very satisfying watching the bad numbers get smaller and the good numbers get bigger. You see, when you're paying down your debt, it helps to have a target date to plan your celebration around. Perfect timing because Monarch has a debt pay down simulator to help you visualize and track your progress. Monarch helps you break down the debt cycle so you can avoid the endless gloom. No Excel spreadsheets needed. I've ditched my spreadsheet, by the way, and moved all my accounts to Monarch, and it still helps me visualize all my money moves. Because ain't no party like I just paid off my mortgage party.

4:15Write your own money story with Monarch. And use code TBOY at Monarch.com to get your first year of Monarch Core half off at just 50 bucks. That's 50 % off your first year at Monarch.com with code TBOY. Staying ahead of business trends means moving fast and adapting quickly. Walmart Business helps you simplify operations so you can focus on building the next big thing. Find exactly what your organization needs with their ever-expanding business assortment and everyday low prices. Keep your momentum going fast with reliable shipping and fulfillment. Eligible organizations can take advantage of tax-free shopping, both in-store and online, saving you more while getting you everything you need.

4:49It's Walmart built for your business. Sign up for a free Walmart business account today at business.walmart.com.

4:59For our first story, Alice Wong is the suspected Chinese agent behind Jensen Wong's honeypot trap. And this whole Nvidia spy drama was actually predicted eight years ago by famous investor Charlie Munger. Oh, yet he's uncomfortable truth about the stock market right now. NVIDIA is the one company holding up the whole economy. And Jensen Huang is the one man holding up NVIDIA. But one woman, Alice Huang, seduced him in a classic spy trap known as a honeypot. A honeypot. A strategy that goes back to the Cold War. We'll explain more in a second. But in the meantime, of course, China denies that Alice is a spy for the Chinese Communist Party.

5:39But who is Alice Huang, this Chinese national working in Singapore? Well, she previously worked as a TV journalist and investment banker and an executive at the neocloud company Megaspeed. She's 42, she speaks English well and has relationships across the AI industry. And after the Biden administration restricted sales of AI chips to China back in 2023, Alice moved to Singapore, breaking ties on paper with any Chinese-owned companies. And there, she became the biggest buyer of NVIDIA's computer chips in all of Southeast Asia. Alice Huang, through her company Megaspeed, bought$4.6 billion worth of Jensen Huang's GPUs.

6:16That is almost one lift. All while having an affair with Jensen and allegedly collecting AI trade secrets for the Chinese government. But besties, this all leads to one wild hero stat that Jack, I'm just going to tee up for you right now. Go ahead. Today, there are more spies in San Francisco than in Washington, D.C. That's according to Mark Trott, an ex-FBI counterintelligence agent who is now a security expert. We repeat, your barista down in the marina is probably 007. That blue bottle, it's a rendezvous point. Because, to quote that ex-FBI agent, the secrets worth stealing have moved from government labs to Silicon Valley.

6:54Get this, Yetis. According to reports, male high-ups who work at AI firms are being flooded on LinkedIn with DMs from attractive women. Maybe they're gold diggers, maybe they're honey trappers. Either way, don't grab time on their calendar. Because it all could be part of a honeypot. A honeypot, an old KGB spy strategy developed in the Soviet Union to train attractive women to seduce high-profile male targets. The idea they stick their hand in the pot expecting something sweet, they end up getting something sticky. But it's not just women seducing men. The CIA actually published a history of quote-unquote Romeo spies back in 2018.

7:32Ah, Romeo spies. You see, after World War II, because of troop losses, women hugely outnumbered men in West Germany. Over in East Germany, the Stasi, the secret police, they targeted women working as secretaries in West Germany who had a lot of access to government and business classified information, and crucially, women who were lonely. So the East Germans recruited handsome men, Romeos, to seduce those women into sharing classified information. In the 1950s, Soviet-trained East German Marcus Wolff perfected this honey trap, using sex in order to spy. As he put it, one woman with the right access and motivation could provide more intelligence than 10 male diplomats.

8:15So Jack, how would you like your takeaway? Shaken or stirred? Definitely not with honey. So Jack, what's the takeaway for all our Everybody's looking at NVIDIA. The three top ways to go broke, liquor, ladies, and leverage. And now, Yedis, we all know that liquor consumed in excess can ruin families. We also know that leverage is dangerous. Borrowing money in excess can destroy businesses. We covered the hedge fund situational awareness that bought$5 of AI stock with$1 of their own money and a 10 % downturn turned into a 50 % loss. And now we're witnessing Jensen Huang, who succumbed to a lady, betraying his family, and putting the entire economy at risk.

8:52Liquor, ladies, and leverage are all fine, but many men have crossed the line. And by the way, the origin of this quote, it's not just ladies, it's kind of just hot people in general. Hot people who get you to do something that's against your moral compass. Yeah. Now, Jensen has said himself there is, quote, no excuse. This is his fault. And so many of the Silicon Valley investor community have already forgiven Jensen, although they have huge money at stake, so take that forgiveness with a grain of salt. But it is Charlie Munger, the former right-hand man at Berkshire Hathaway to Warren Buffett, who probably would not have forgiven him.

9:25Because in 2018, he coined the three ways that any smart person can go broke. Liquor, ladies, and leverage.

9:35For our second story, Paul McCartney just became the third musical billionaire, according to Forbes. But this Beatles billion dollar business plan was inspired by the Beastie Boys. But besties first, big news out of California. The proposed billionaire's tax we talked to you about before blocked by voters the votes are in. 53 to 47, most voters aren't billionaires, but they were worried that those billionaires would leave the state. It was also a deeply flawed billionaire tax, and it was outspent 10 to 1 by the opponents. And that news is now a relief for one Brit with a pied-a-terre in Los Angeles.

10:09Lovely. Sir Paul McCartney. Because Forbes now values Paul McCartney's net worth that 1.4 billion, Brux Jack, whip out the whiteboard, sprinkle on the context. That makes him the third richest musician behind Taylor Swift and Jay-Z. Now Yetis, Jack and I could do a whole episode of the best idea yet on the Beatles franchise. Because they're creative inspiration for this pod. But they're also business inspiration. Because when it came to the money, the Beatles did not just let it be. Nick recently read a Paul McCartney written book called Lyrics about the untold origin of every single Beatles track.

10:41It is wild! All 229 songs. Spoiler, some of them were written over brunch. But the Beatles signed a bad record deal. Paul actually said that the band received just one penny per album sold. That's right, even as the Beatles hit number one in the charts in the 1960s, they were getting paid like a paperback writer. Paul McCartney once wrote, you can't buy me love. He did. But you can buy an IP lawyer. Perfect timing, Jack, because when the Beatles broke up just nine years after they began in 1969, Paul McCartney started a new company on behalf the band. MPL Communications. It was a publishing company that, in our opinion, acted like a real estate company.

11:17That's right, because first, MPL bought up all the copyrights to those hundreds of Beatles songs. Then they used the cash from the royalties of those Beatles songs to buy up other artist music, including Buddy Holly. Buddy Holly, the rock and roll pioneer who influenced the Beatles. MPL bought up all his Christmas tracks. Then MPL bought up the rights to Grease, Annie, and other Broadway musicals, which are all now owned by MPL. So when Jay-Z did a remix of It's a Hard Knock Life. Yeah. It wasn't the redhead Annie who got a royalty. It was Paul McCartney who got paid. And when you're shopping in the grocery store and you hear chestnuts roasting on the open fire pretty soon, this royal is receiving a royalty.

11:55Think of it as audio real estate. And Paul McCartney is now a musical landlord. Some properties he built with a little help from his friends, John George and Ringo, and others are more like an Abbey Road situation. He bought the music that had the location, location, location. And every time one of these 25 ,000 tracks that MPL owns, streams on Spotify, Instagram, or on the radio. Sir Paul McCartney's estate receives a rent check. Like an octopus's garden. So Jack, what's the takeaway? Sorry, actually, I just need a little help from my friends on this takeaway. What's the takeaway for our buddy, Paul McCartney?

12:26You got to fight for your right to profit. Do you hear my chest bumps there? I like how you did that, Jack. Extra points, extra snaps. Besties, Paul McCartney, Taylor Swift, Jay-Z, the three billionaires of music. Their musical styles are very different, but each broke the rules of the business. Paul McCartney got shut out of his album, so he started a holding company to buy him back. Taylor Swift famously got shut out of her songs, so she re-recorded each of them from the studio. And Jay-Z just couldn't get signed by any record label, so he just launched his own. All three recognized that the music industry is stacked against the artist.

13:01All three realized that paychecks undervalued their worth they needed to own. We've always said you don't get rich in this economy with just a paycheck. Hey, you got to own things. Stock, house, even an Instagram handle can be assets. Equity is exciting. In the case of music, the owner of the music, not the musician, is the one who gets rich. So, besties, that lullaby. It's not a Beatles lyric, but it's a Beastie Boys one that guides this story. You got to fight for your right to profit. Okay, I just bruised myself. Now, a quick word from our sponsor. You know what's a fun habit? Getting to hang with you guys every day on this show.

13:41It's what we do. Another fun habit? Listening to audiobooks about habits. Like Atomic Habits, the legendary piece about building habits that better your life, right? And the Atomic Habits audiobook is on Audible. We're excited to collab with Audible because it's how we find our road trip companion. The written word, spoken. So besties, you can create a habit of enjoying audiobooks while you multitask. Which I believe is chapter three of Atomic Habits. That's right, Jack. Jack, wash pots and pans, awkwardly fold those fitted bed sheets, floss your teeth while you're winding down listening on Audible.

14:10If your hands are full while listening to Audible, then you're doing it right. So summer's not over. Replace doom scrolling by listening to an audiobook that a human put all their thought and effort into. Audible. It's stories that speak to you. And new members can start listening with a 30-day free trial at audible.com slash tboy. That's a 30-day free trial at audible.com slash tboy. Take it from a couple guys with a lot of habits who have become your habit. This episode is brought to you by Rover. Yeti, quick clarification on vowels here. River is the name of Jack's dog. Rover is the name of our sponsor.

14:41River is an anxious dog. I don't know why, Nick, but she's always been nervous with strangers. Basically, besides sleeping in between my legs, a plushy dog bed is the one place where she has soothed, even though she rips that dog bed apart every single few months. Which is why Jack's the only person with a plushy dog bed subscription. He gets a new dog bed every three months. True. But Rover is the marketplace that connects pet caretakers to pet owners. And the first sitter we used on Rover was River Approved. She looked after Jack's dog when the family traveled to New York and Jack had River bored at a sitter's home.

15:13Naturally, we brought her plush bed. The sitter sent us pictures during the trip, which brought us huge peace of mind while we were in Central Park. So besties, next time you can't bring your pet somewhere, use Rover. That is River Approved. Exclusively for new users of Rover, use code BESTONEYET20 for a$20 discount off your first booking. Valid only on eligible bookings. Offer expires January 24th, 2027. Terms apply. That's best one yet 20 for 20 bucks off your first booking. For our third and final story, Amazon just launched a$250 flying ring security drone. That is straight out of Minority Report.

15:49But the secret to this wild new technology was making it dumber. All right, Yeti, funny little game Jack and I like to play, but like, Think about sitcoms we watched in the 90s, and then think about what if you gave the characters iPhones now. You know what I mean, Jack? Well, the product we're talking about right now would have ruined the plot of Home Alone. Jack, half of Friends episodes would just, the whole plot breaks down if you give these guys an iPhone. The mom's like, Kevin! Oh, you're right there on the couch. And the reason Jack and I say this is because Amazon just announced a Ring drone that is their third try in six years.

16:21More on that than the takeaway. But Amazon couldn't acquire Roomba? Remember they tried to acquire iRobot? Yeah. So instead they built a flying Roomba and put cameras on it. And like with Roomba, this new device has to map your house first and create a patrol route to understand the whereabouts. It's the size of a textbook. You can dispatch this drone to check that you turned the stove off or to make sure that you close the door on your way out. And for every eight minutes of charge, it gets one minute of flight. And the loud buzz that this drone with cameras on it makes, that's on purpose to make sure it doesn't sneak up on anybody and hit him in the back of the head.

16:53Yet he's added it all up and this is Amazon's consumer play for home security. If the motion detector is triggered at night, the drone will automatically wake up and shine bright lights, which hopefully scares the robbers away. Marv and Harry, they would have been totally run off if one of these things got set off by Kevin. Better than a booze trap, basically. Yes, it is. Jack and I have always said, though, besties, the best home security is a dog. Well, the second best is a flying security camera. But Amazon also announced yesterday a business play. Interesting. They re-released their robot dog, which is like R2-D2 with a Boy Scout badge.

17:25It used to be called Astro. Now it's called Ring Rover Camera, and it's basically a patrolling security dog for a warehouse factory or office. The drone costs 250 bucks. The rolling rover camera is a thousand dollars. But don't forget that pesky ring subscription. Now, Yetis, let's pause the pod for a sec, because just like that pineapple pizza Jack kept on selling at the Olive Garden back in the day. These are polarizing products. Just want to point out that's blasphemous. I would never. But these flying and dog-shaped Ring security cameras, they have both positive and negative interpretations.

17:58First, the positive. Amazon is democratizing security. Because Ring started a revolution. Roughly half of US homes are now equipped with cameras and people love them. Mansions have security guards covering every inch like every Mission Impossible movie, but that's for the rich. Well, now regular people can too for just 250 bucks as long as the what bandits don't unplug the Wi-Fi. Yeah, isn't unplugging the Wi-Fi the way to disable this security guard situation? There's your plot to Home Alone 4, Jack. But there's also a negative interpretation to these new Amazon flying security products. This is Minority Report, but in real life.

18:31Remember, Ring had a relationship with Flock, the highly controversial license plate reading technology that police use and that people are vandalizing. But Amazon canceled that partnership after the uproar and yet now has an autonomous surveillance aircraft? Seems a little inconsistent. Our guess though, people are going to buy this thing. 250 bucks, it's a small price to have peace of mind of what's going on in your house. May not like the implications for society broadly, but they want it personally. Basically, it's a Yimby situation. Yes, but only in my backyard. Which leads Jack and I to a funny observation.

19:03This flying security drone, it actually launched six years ago. We covered it on the pod back then. But it never shipped, why is it finally shipping six years later? Well, the answer is our takeaway. So Jack, what's the takeaway for all our buddies looking at this flying drone security guard? It's dumber on purpose. Yetis, in 2020, Amazon Ring announced this same security drone, but it never actually launched. The problem with drone 1.0, it was too smart. Yep. They tried to make it like an autonomous robo security guard, but the extra sensors, the extra computing, it weighed down the product too much, it made the drone too expensive.

19:39So the new Ring drone is relatively dumb. The only onboard intelligence is quote unquote, just enough to land, according to Jamie Siminoff, the founder of Ring, who we interviewed once. Like if you put a new furniture up in your apartment, the camera's not going to recognize it and the drone may crash into it. Without the map of the house that you record at the beginning, this thing won't be able to fly. It's relatively dumb. But dumb was a smart trade-off because dumbing down this drone lowered the cost, lowered the weight, and that made it finally marketable. What we're trying to say is sometimes the rightest product isn't the brightest product.

20:12Jack, that's the smartest dumb thing you've ever said.

20:20Jack, could you whip up the takeaways for us for Ceviche Wednesday? The honeypot trap that Jensen fell into, it's a 70-year-old spy playbook, and now NVIDIA stock is down 30 % in the last 33 days. Flickr, ladies and leverage, the three ways a smart person can go broke. For our second story, Paul McCartney is now the third musical billionaire because of the music he owns, not the music he created. Because to quote the Beastie Boys, you gotta fight for your right to profit. And our third and final story, Amazon's Ring launched a home security drone in a warehouse security robot dock. Yeah, the drone works now.

20:53Because it's dumb. But besties, this pod's not over yet. Here's what else you need to know today. First, we just got the Consumer Price Index inflation report yesterday, the celebrity of economic reports. Prices were up 4 % in October, the second highest year-over-year price increase in the last three and a half years. And the big theme this month, beef. Beef prices are now up 3x in five years to ATH all-time highs. But after the election, oil has fallen below 90 bucks. Maybe November's inflation situation will chill out a bit. And second, mark the calendars because the Anthropics IPO got an update, still happening, planned for next Thursday, eight days from now.

21:28The AI lab took their next step towards their make or break IPO. The roadshow for Anthropic has begun. Stock price is down. They're only targeting a$1.3 trillion valuation now, not the$2 trillion previously hoped for. Because it's not just NVIDIA. AI has been down for the last month. The bubble hasn't popped, but it's definitely deflated a bit. And finally, if you're flying on an airplane this week, prepare to get there faster than expected. This is insane. A change in the high altitude jet streams, the cruising altitude, if you will, classic, it's resulted in planes going faster. They're catching the wind.

22:03One United flight from Singapore to San Francisco just clocked into 200 miles per hour faster than it usually flies. That's 33 % quicker. So you'll land an hour ahead of schedule. That flight hit 800 miles per hour. Yeah, you land an hour ahead of schedule, but then you're going to have to wait at the gate for like two hours for it to open up. Which is possibly the most infuriating first world problem that there is. Please just turn the Wi-Fi back on. Please just turn the Wi-Fi back on. And they expect us not to get up and go to the bathroom. It's a moving runway, Jack. Now time for the best fact yet.

22:35This one sent in by legendary Yeti Howard Furtig, the snowbird from the Hudson Valley now in Durham, North Carolina. Push and play. Here we go. Hey, Nick and Jack. It's Howie Furtig here, your oldest Yeti that's not a family member. bingo entered the toy hall of fame this week along with the playground slide care bears and pokemon and it probably leads the way in sales care bears is projecting 750 million in worldwide retail sales in 2026 pokemon branded toys and cards sold 2.5 billion in the u.s in 2025 and texas alone reported 928 million in traditional bingo receipts. That was back in 2023.

23:20So, fellas, hold on to your Pikachu cards and figure out how to get the rights to bingo. But whatever you do, don't stop podcasting TBOY. I don't know what I'd do without it to start my weekday mornings. Nick, to quote Colonel Hans Landa, that's a bingo. We just say bingo. Yetis, you look fantastic over there. Jack, you are glowing right now. And yetis, if you go to LinkedIn DM you weren't expecting from someone way out of your league and it seemed like a suspicious spy, don't reply by meeting them for a coffee chat. Reply with a link to today's episode. That's how we grow the show. Drop us in the DMs.

23:57Jack and I will see you tomorrow. That's not a honey pot. That's a honey pot.

24:07And before we go, a happy birthday to legendary Yeti Maggie Glass commuting with us every morning for years in the West Village. Now she's grabbing a Van Leeuwen ice cream to celebrate. Happy birthday to Mateo, turning 20 and studying architecture in beautiful Savannah, Georgia. And Kea Jones is turning 30 as a PhD candidate in Happy Valley, Pennsylvania. Happy birthday to Jen Casey, the brown bear of New York City. And Ricardo Lamar, second shout out on the pod. This time he's turning six in lovely Atlanta, the best Yeti yet. The best Ricardo yet. And Ken Gilmore in Springfield, Illinois, is officially the best dad in the world.

24:39It's real. Happy three-year anniversary to Edgar and Estella Rivera in Austin, Texas, these legendary longtime Yetis. And Kate Odette just passed the CFP exam in Utah, about to be a certified financial planner in December. And thank you to Jackie Wong, who probably works at Oraring because he points out that Whoop isn't the only one available in Ulta Beauty. Oraring is too. Good correction. Bye. This is Jack. I own stock of Amazon. Nick and I both own stock of Spotify. Yetis, this holiday season, don't miss your chance to turn just looking into just bought it. Make it easy for your customers to say yes on the spot.

25:13PayPal Checkout is a trusted conversion engine fueled by 400 million active PayPal and Venmo accounts. And when you add Pay Later, you can turn holiday shoppers into regulars. 96 % of Pay Later shoppers are repeat users. So if you give them Pay Later flexibility now, it could help earn their loyalty all year long. PayPal is built for all business. Get started at paypal.com slash business. PayPal data, eight markets, March 2025 to February 2026. Repeat users defined as more than one pay later purchase in the past year.