

15 Aug 2025 · 1h 2m · 27 chapters

Future-proofing careers amid AI, recession risk, and US tariffs; includes a practical explainer of what tariffs are, how they affect consumers/jobs, and how to use AI at work without “cheating.”
Nick and Jack are hosts of The Best One Yet / T-Boy, a daily business-pop-culture news podcast. They met as freshman-year roommates, later reunited in NYC. They built a secret newsletter/podcast (Market Snacks/Snacks Daily), sold it to Robinhood (media arm) for three years, then spun off and went full-time on T-Boy (since 2018; ~1,500 episodes).
Written by AI. May contain mistakes.
Jack introduces Natalie and Ross, setting the stage for the episode discussion.
“This week on the pod, we have the host of the best one yet.”
Jack introduces Natalie and Ross, setting the stage for the episode discussion.
“I know he's watching the World Cup matches, Jack.”
Nick and Jack discuss their podcast journey and insights on career resilience.
“This is a job for Indeed Sponsored Jobs.”
Nick explains what tariffs are and how they affect the economy.
“Why did I complain about doing like one every three weeks?”
Learn how tariffs function and their implications on consumer prices.
“Nobody knows how it works, but yeah, no tariffs.”
Explore how tariffs lead to increased consumer prices and potential recession.
“Because she is out there grinding on Facebook Marketplace.”
Discover the proposed Made in America Act as an alternative to current tariffs.
“The reason the United States has not used tariffs in a meaningful way for 100 years is because it was kind of an economic understanding that they are a bad policy.”
Discuss the concept of nepopreneurship and its relevance in today's job market.
“Gradual, consistent, and give companies the clarity they need to move their factory maybe from Malaysia to Minnesota.”
Learn about unconventional business ideas that are gaining traction today.
“This could be the third host on the show a few years.”
Hear the story of Columbia students who created an AI cheating app and its consequences.
“And let me tell you, Jack and I were talking about, that's an AI proof job right there.”
Discussion on a new AI app for cheating and its implications.
“And then they get an email from the student disciplinary board saying, yeah, you're suspended.”
Analyzing how AI tools will change job roles and required skills.
“Until everyone's like, sorry, babe, I can't talk to you.”
Exploring the need for creativity and personal touch in an AI-driven world.
“And then another owl appear out of that owl's butt.”
How to integrate AI tools into everyday work processes.
“But you may have a script and you're like, okay, I need a good example is I was like trying to figure out what would be a good gift for a salesperson, right?”
How to integrate AI tools into everyday work processes.
“Yetis, they say time travel is not possible.”
Practical advice on transitioning from Google to AI tools.
“Anyone I know who has sort of moved their page one of the internet from Google to ChatGPT says they're never going back.”
Learn how to effectively prompt AI to achieve desired results.
“And that prompt, that art of prompting, that's a skill we think you can improve on and get better at.”
Understand the risks and potential rewards of working at startups.
“They're going to produce a better product because you were such a stickler.”
Get practical tips on how to start and manage a side business.
“Your podcast kind of started as a side hustle.”
Discover how economic recessions can lead to innovative products.
“Speaking to existence, you got to put it out there.”
Learn how to curate diverse information sources to stay informed.
“Hey, Nick and Jack, I listened to T-Boy and damn, you guys are smart and well-read.”
Gain insights into smart investment strategies based on personal experiences.
“you need to proactively search for an account that the algorithms are not feeding you.”
Learn about investing strategies and personal experiences from the hosts.
“If you've got one minute, let me tell you about - We learned in finance class that you can't beat the market and it's futile, but we didn't believe it until we tried it in our 20s and failed.”
Engage in a fun segment evaluating popular culture icons and experiences.
“So rather than stressing yourself out about BTD by the dip, another thing you can do is BTD by the date and just focus on buying stocks at specific dates.”
Discuss the skill of making ads engaging and entertaining.
“That's what it's going to take to get it passed.”
Discuss the skill of making ads engaging and entertaining.
“Did you manage to offer your product for free?”
The hosts give their social handles, plug their new show, praise the guests, recommend past episodes, and read a listener shout-out.
“You want to shout out your personal socials?”

Get the gist, explore an idea or ask about something said.
On The Best One Yet, what are the key points of this episode?
Automatic transcript. May contain errors.
0:00This is Jack, and it's still just Jack again. For those who haven't heard from yesterday's pod, Nick has viral meningitis and was hospitalized. I talked to him yesterday, though, and he was in amazing spirits. For 15 minutes, he and I were catching up with each other and chuckling about Seinfeld episodes. It was amazing to hear his voice. They decided to keep him at the hospital for one more day, but he's in good hands and is getting the meds he needs. I just ordered his favorite chicken soup to be delivered to the hospital from his favorite restaurant. And here's some amazing news that I was thrilled about.
0:35His sister is flying in to help take care of Nick's son, Maxie. As you know, Nick's wife, Molly, is pregnant. So Katie flying in is just an MVP performance. Shout out to her. Also, Nick told me he was so grateful for the hundreds of comments you all left for him yesterday. We are both overwhelmed with appreciation for how much you care about us and for the relationship we have. I mean, this is more than just podcast or listener. This is something different. And thank you for showing us that yesterday. So today, we're going to publish an episode from the Demoted podcast that Nick and I were interviewed on this spring.
1:15You've probably seen corporate Natalie on your socials. She satirizes office culture as well as that bachelorette weekend that she's still probably recovering from. And you've seen Corporate Bro, too. His name is Ross Pomerantz. This man invented the funniest acronym of all time. You ready for this? Sadness. Sales are dope. Never, ever stop selling. Sadness. That actually turned into a movie, by the way. We interviewed them last year, and they interviewed us. Clearly, we're huge fans. And in this episode of the Demoted Podcast, we talk about how to use AI in the workplace. We go full Econ 101 on how tariffs actually work, both literally and through analogy.
1:58And we also share Nick's and my origin story, which includes near firings of both of us. And that boyfriend that Natalie mentions in this episode, it's now her fiance. Congrats to her. So when you're done listening, follow the Demoted Podcast and Natalie and Ross on social. We put all their links and handles right here in the show notes. Nick is extremely funny in this episode, by the way. I just finished listening to it. And man, do I miss that guy. All right, let's hit the show. This week on the pod, we have the host of the best one yet. What is a tariff? What does it do? What's a tariff? Everyone's talking about tariffs.
2:33What even is a tariff? How does it impact me? And should I stop buying coffees? We're bringing on two of the smartest minds in news, tech, and pop culture. They're the host of the T-Boy podcast, the best one yet. And they're going to teach us all how to future-proof your career.
2:55Demoted. Now, a quick word from our sponsors. Monarch. Yetis, you know my first money lesson? It was where to put our lemonade stand. I was wondering, it was on the Upper East Side. Do we do it on Lexington Avenue or Park Avenue? Wait a second. New York City has lemonade stands on the sidewalk? They didn't. We were pioneers, Jack. Lexington Avenue is more commercial. Park is more residential. So what did we learn, Jack? Families are willing to pay more for lemonade. So you set it up on park. Yeah, we did it on park. Besties, no one gives you financial lessons in life. You end up figuring most of it out as you grow up.
3:24But we love Monarch because it's like a financial advisor in your pocket. Because every minute, it's tracking your savings, spending, investments, and more. For instance, Monarch's goal tracking feature shows if you're on track for that summer trip to Santa Fe. And it tells you what percent of your income is going somewhere that's a surprise. I open Monarch all the time because it takes the mental load off tracking my finances. And whether you're single, you're in a family, or you're dinking it up, Monarch's the way. Our personal fave, the AI Weekly Recap, a once-per-week gut check on what you did with your money.
3:49Hey, Nick, you've spent 96 bucks at kids' lemonade stands since July. Yeah, because we pioneered it for him, Jack. Resties, write your own story with Monarch. Use code T-Boy 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 T-Boy. Indeed. Oh, we missed the deadline. My recording device is having issues. Our contractor pretended to be sick. I know he's watching the World Cup matches, Jack. Or how about this? Elon just tweeted something at 3 a.m. that completely changes the takeaway on our second story. We gotta re-record the show.
4:21Besties, when workplace chaos hits you, you need the right hire. And this is a job for sponsored jobs. Indeed, sponsored jobs gets you quality candidates when you need them most. We produce a daily episode of this show, 250 episodes a year. Sometimes we need help, we need it fast. So spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed Sponsored Jobs. And listeners of this T-Boy show will get a$75 sponsored job credit to help get your job the premium status it deserves at Indeed.com slash podcast.
4:55Just go to Indeed.com slash podcast right now and support our show by saying you heard about Indeed on this show. Indeed.com slash podcast and mention T-Boy. Terms and conditions apply. Need a hiring hero? This is a job for Indeed Sponsored Jobs. What's up, Motorheads? It's good to have you all here. We're back in the stewed, back in the beanbags. We got guests today. We do. We got some of the best guests, the best guests yet. Precisely. If you haven't listened to the best one yet podcast, why don't you pause this right now and go do it? Go do it. Every single day, they are bringing you 20 minutes of the three most important news stories that you need to know.
5:31Nick and Jack are what Ross and I aspire to be. Yes. In podcasting, they release a daily episode. We were joking at the end of the podcast that they're their own LLM. They take in all sources of information from news, finance, pop culture, tech news, bring it all into the three headlines you should know every single day. Yeah, a lot of people are so overwhelmed about what publications, what sources should I read? Hey, just go listen to these guys. They got you covered. We wanted to bring them on specifically to talk about future-proofing your career. Everything we're seeing in our dear demoteds or corporate confessions is this kind of fear of AI, tariffs, the economy, the recession, what's happening and what should I look out for as a working professional?
6:10And as we mentioned, these two guys are very smart and they're, given that they are reading the news, they are consuming all this information every single day. They're some of the most well-equipped to answer these questions. We're recording on April 29th. So a lot can change in the next two weeks before this is released, but we're hoping to talk about looking ahead in your next year, your next five years of your career event, what should you be doing? Yeah. And using some of the stories that these guys have researched in the past to inform their decisions and our decisions. So with that, let's welcome Nick and Jack from T-Boy to Demoted.
6:43Nick and Jack, we're so happy to have you here. And Nick, I'd be remiss if I didn't mention our sunrise kayak together in Hawaii. I mean, it was the vacation of vacations, wasn't it, Natalie? What are you guys talking about? Yeah. Did you guys just see each other on the beach like one day or what? there was actually yes it was i was with my boyfriend's family doing a sunrise kayak and they were like we need another solo to hop in our our kayak nick's hand shoots up from the sand i'm like where did he come from who is this man in a red speedo he jumps in the front of the boat right next to my boyfriend's dad they're yapping it up the whole time it was a beautiful sunrise that we shared together.
7:20It was literally 5 a.m. on Hawaii. And I was at the time, my wife and our baby were sleeping and I was like, I'm going to go do something existential right now. And then I end up in the party boat at 5 a.m. with your entire boyfriend's family. Natalie's drinking, of course. For those who can't picture this, season one of White Lotus. Exactly. Exactly. That was the vibe we were going for. It was definitely a whodunit vibe. You know, someone was overboard at one point on the kayak as the sun was rising. I'm sure you wanted just a moment, like a break away from this world, podcasting, certainly me, but we all jumped in the boat together.
8:01So that's good. Nick strikes me as the guy who you bring around your parents because parents just love them. Oh, they were obsessed. Just eating it up. Just right out of his hand. Matt's one of three boys. It's now four. Nick's one of them too. I think I was like high-fiving him in the gym the next day. Yeah. Everyone ripped their tarps off, jumped in. Of course. Anyway. Your pedigree is perfect for parents. It's good to see you with your shirt on, Nick. Jack just had his third kid. Jack, give us your personal update. Third kid. Oh boy, yeah. Yeah. Just look at Ross's videos about not getting sleep and that's me times three.
8:36I don't know how you do it. No, I'm just kidding. We got Wadler at the top. He's four. Brooks is two. Oakley is zero. Oakley is zero. Three under four. Is that how it goes? Terrifying to me. Oakley is zero years old. I'm rounding down. He's eight weeks old at this point. Can I also just give Jack a shout out for what he's pulling off right now? That's what I'm saying. It was his first son, a.k.a. the pod son's birthday the other day. Jack didn't just throw a – Jack and Alex didn't just throw a dinosaur-themed Easter egg hunt for this thing. No, no, no, no, no, no. Jack bought a wedding cake themed like dinosaurs, three tiers that he brought to the birthday party.
9:12It was an anti-recession indicator. yeah what tariffs tariff a cake i dare you there were some ip issues with jurassic park but jack said what the heck we'll let the lawyers deal with that and he got this the most epic cake i've ever seen outside of two people getting married oh my gosh i cannot wait to spoil my kids and here i am talking to beck i'm like do we really need to do a first birthday i mean he's like two weeks old but like like who's gonna remember that ross's michael's got in the office being like let's just celebrate all three of ours together. Like we don't need to do individual ones.
9:45At this point, you know, I'm an efficiency guy. Yeah. So I'm sure I'll do it. I mean, he's two weeks. I still have some time. He's two weeks old. He's only two weeks old. Wow. Congrats, Ross. Yeah. He's just like, goo goo ga ga. And I'm like, dude, what do you, get a job, please. Get a job. I can contribute. All you do is poop and eat. I'm lecturing him while I'm changing his dipe. It's just, you know. It's a whole thing. But okay. We have you guys on the pod for a reason. we gave your intros before you joined, but can you give us an intro on the best one yet? Who the hell are you guys? Your origin story.
10:16Who are you guys? How'd you meet? Just give us your kind of elevator pitch, dare I say. Well, the best one yet, the best one yet, T-Boy is the daily business show that we call Pop Biz, the mix of pop culture and business that makes you the most interesting, well-read, fascinating person in whatever room you're in, whether it's a boardroom or whether it's brunch. because every day Jack and I curate the three most fascinating stories in the business world with our takeaways from years and years of studying business, finance, and everything in between. It's two best friends talking about business, finance, and economics, but it does go back to freshman year.
10:51Nick and I were randomly selected as freshman year roommates. Absolutely wild how that changed both of our lives. After four years of college, we became roommates again in New York City, lived in a four-person apartment. It was our wild early 20s. And both of us quickly discovered that our desk jobs and finance were not what we had been romanticizing. What? It's been fascinating. Allstate, New York, big city. So fulfilling. Yeah. The number crunching wasn't cool. I actually worked at a German investment bank, which had the benefit of very generous vacation and no expectation of 80-hour work weeks, which was really nice.
11:29But the negative of zero fun. Yeah. So Nick and I started a side hustle when we were like 23 years old and fast forward 13 years and we're still doing that side hustle together today. Well, really what we started doing was we started writing a daily newsletter in secret outside of our day jobs. At the risk of being fired, we just said, what the heck, we're going to do it. We grew that from a newsletter into a podcast that was called Market Snacks. We then sold it during this wild summer when we were in business school to Robinhood, the stock trading app, which was trying to build out a media arm.
12:04So Jack and I flew out to California, uncertain if we were going to do an acquisition deal. We end up signing a deal and end up becoming a part of Robinhood, the stock trading company, for three years, where you probably got to know our podcast as Snacks Daily. And then after being through Robinhood during their wildest craze ever, during the meme coins and all that craziness, Jack and I spun off the show, kept our podcast audience, and full-time went into podcasting with our show, The Best One Yet, and this incredible community of yetis and besties, as we call them, who love getting business news in a really interesting way.
12:45They love hearing Jack and I talk about how Netflix's earnings report reminds us of a Rihanna song from 10 years ago, and they're using the same strategy as the Spice Girls over at Netflix. So since 2018, we've done 1 ,500 episodes of our daily podcast. Why did I complain about doing like one every three weeks? We've done like 10. We're exhausted. You've got three kids. You're doing one every single day. You really are the experts and that's why we wanted to bring you on. I think the theme of this podcast is future-proofing your career. We want to use your knowledge on tariffs, the economy, everything that's going on in the world to inform what our listeners should do, how they should approach potential recession what's happening, what's on the horizon.
13:27Yeah. And just get your advice on how you see the world transitioning, where are we headed? What would you guys do? Obviously you built something. It's funny. You guys talk about building your newsletter in secret. Similarly, we're filming videos in secret, hoping nobody eventually catches on and they do. Right. And it becomes a thing. But you guys took a risk and a lot of folks who listen to our pod are similarly asking themselves, do I want to stay in this corporate job? And tumultuous, scary time right now. Everybody's been throwing around this word of tariffs. I think it's being just sort of a, it is the pop culture word that nobody knows what it means.
14:01Nobody knows what it's supposed to do. Nobody knows how it works, but yeah, no tariffs. How about these tariffs? Oh, it's like a write-off. People have no idea what it actually is. What does that mean? So, I mean, I think that's where we want to start with you guys. You guys have talked about it in a recent episode. Generally, US government announcing wide ranging tariffs, including high tariffs on Chinese goods, right? This is like the basics of what we know. I guess from YouTube, what the hell are tariffs? Tariffs are sticking a bouncer at the door to the country and saying, I'm checking IDs and I'm charging fees based on where you come from.
14:33And you're basically having to pay a different cover charge depending on what state, but in this case, what country is on your ID. Okay. Fantastic analogy, Nick. Now I'm going to take it literal. You got it. US Customs and Border Control. We encountered them when we're coming back. Nat, you encountered them when you were coming back from Cabo. I did. You needed to pass through them and get your passport stamped to enter the country. It is the same with stuff that's made in China. There's only so many ways to enter the country, like by land, by air, or by sea. And each one of them is highly controlled by customs and border control.
15:05So instead of stamping a passport, when it comes to a Yeti cooler that's made in China, there's a giant container ship that has like a thousand Yeti coolers. And to get into the United States, they say, what's in there? Show me your documentation. Where is it made? And when Yeti's shipping guy says, we have coolers. They're made in China. They say, okay, what's the value of everything in there? And they say, let's say a million dollars. Pay us a 145 % tariff before you can enter. So that's$1.45 million of new costs for Yeti coolers, which are going to find their way into the price that we buy them at at Dick's Sporting Goods.
15:47Wow. The factories could pay some of it. The company Yeti could absorb some of it. But most often, because these tariffs are high, it ends up getting passed on to consumers in some way. What is the true intent? The intent is to give preferential treatment to stuff that's made in the USA. Right. So we're only charging this brand new tax on stuff that's made abroad. So in theory, tariffs are going to benefit companies that decide to make their products in the United States. There's an interesting angle here, too, that Jack and I were just talking about on the show that involves you, Ross, because tariffs also affect different industries in different ways.
16:23So cars are affected because car parts come from all over the world. There are dozens of countries involved in making that Ford F-150. But when it comes to baby products, we are particularly vulnerable because 97 % of strollers are actually made in China, which is an extremely high percentage. Nearly 100 % of baby monitors made in China. So that's why actually in this first week of May, the price of the Uppa Baby stroller is going from$900 to$1 ,200 because of these tariffs. Do you think my wife, being a Facebook Marketplace merchant queen, should start charging tariffs from different neighborhoods?
17:00Because she is out there grinding on Facebook Marketplace. The only two things this trade war is good for is the American made cooler equivalent of a Yeti and Facebook Marketplace. because people are going to buy used stuff as a result of these crazy new fees that are going to trickle down into the products that we buy. Perhaps more of a nuanced question here, and it's not in the list of questions, but the US export that we're talking about a lot of is software. And the intent here is also to bring manufacturing jobs back to the US, which will take, in theory, a long period of time. And then we've got the robots that are probably going to take those jobs.
17:33Yeah, the bots. I was going to say, how do you guys think about that? The intent from the administration is that, right? To bring manufacturing jobs back. We covered this just the other day on our podcast. the driver of this trade war is our trade deficit. And the trade deficit is the fact that we import more from Canada and from China and from Mexico than they buy from us. So we have a deficit. They're producing more than we're producing when it comes to trade. But the problem is that trade deficit only talks about physical things. To your point, Ross, if you're just looking at the trade deficit, you're ignoring all the stuff the United States is best at.
18:08And we are best at a lot of different things. Think about Hollywood. If you look at the top 25 highest box office movies of all time, 24 of them are American movies. If you look at the biggest tech companies and the biggest products being used by everyone across the world and in Europe, these are American digital goods. We were looking at the Spotify global 50 top songs playlist the other day. 36 of them were american artists so when it comes to services finance technology uh entertainment the united states is the absolute leader of the world in all of these things right but when we're talking about the trade war we're ignoring all that and we're just so focused on the one thing that we are comparatively bad at which is manufacturing and we're bad at manufacturing because we pay our people much higher wages and trickling down to kind of the consumer the listeners of this podcast, how will tariffs impact our daily lives, our professional lives even?
19:09What should we look out for? Really, really interesting example of this. Jack and I were just breaking down, which is Domino's pizza earnings. Because this actually tells a really interesting tale. Domino's pizza, theoretically, should be tariff proof because that mozzarella, shocker, they're not importing that from Italy exactly. They're getting that from here in the United States. A plastic factory, of course. Basically, all of the ingredients that go into your Domino's, including the stores themselves, are American-made. And yet, Domino's just told us in their earnings in the first week of May that they are suffering during the trade war because consumers are making decisions about their pizza choices, even though Domino's hasn't increased their prices.
19:52They're downgrading to frozen pizza. Yeah. And that's the big monster in the room, which is the chance of recession. So they are downgrading to frozen pizza. They're not just saying, hey, I don't want to order in. Well, Jack, you want to share your Costco research that you did? I believe you went into aisle six at Costco and we're expensing some research. Oh, your boots on the ground. Tell us more. Four pack of Costco cheese pizzas, frozen, Kirkland brand, of course,$13. Domino's can't compete with that. So the long story short is everyone's predicting the country's going into a recession. And if these tariffs with China stay in place, it's an almost certainty, in our opinion, that we will go into a recession because we depend on them for so much of our stuff.
20:33And at the end of the day, tariffs are taxes. Politicians love to say they're going to cut taxes to grow the economy. Well, this is a new tax, so it's going to shrink the economy. And if that happens, consumers are going to have to deal with higher prices. They might get laid off. Companies are going to have to raise prices, which isn't good for those companies. Like this isn't greedflation. Right. This is companies raising prices to pay for these new taxes that the US Customs and Border Control is charging. Company stock prices are going to go down. Their profits are going to go down. They might have to do layoffs.
21:05It is a very bad story. The reason the United States has not used tariffs in a meaningful way for 100 years is because it was kind of an economic understanding that they are a bad policy. The counterpoint to this is that people have shared this is a negotiating strategy and And that the idea is to come up with a set of individual country by country deals that will result in better trade terms for the United States. And there are costs and benefits to going through all that. So we still have to see what those actually look like. But in the meantime, the direction things are heading in is exactly the direction Jack is describing.
21:42Now, on our pod just yesterday, we said like, okay, if the goal of the administration is to bring back manufacturing to the United States, that is a worthy goal. Like nobody disagrees that that is a good thing. But overnight, making the products we get from China 145 % more expensive. I mean, that is dramatic. There are going to potentially be empty shelves come Halloween because all of our Halloween costumes are made in China. All of our toys, all of our baby strollers, like Nick said, made in China. An alternative to foreign policy by tweet and executive orders changing tariffs every day, Nick and I came up with the Made in America Act.
22:20Let's say you wanted to bring manufacturing back to the United States. The Made in America Act passed by Congress. It's permanent. It's not changing every day. Year one, tariffs on China, 10%. Year two, 20%. Year three, 30%. Gradual, consistent, and give companies the clarity they need to move their factory maybe from Malaysia to Minnesota. Okay, so we are interviewing two future politicians. Yeah, of course. I'm obsessed. Love it. Welcome to the pod, Made in America Act. One thing I want to double click on, Jack, that you mentioned are potential layoffs and how we should approach our careers and our professional lives.
22:59We get a lot of questions on the pod. Is now a good time to switch my career? What would you answer to that? I would say now is a good time to stay with your job if it's a solid job. There's a third option here, Natalie, that Jack and I have been talking about, which is a new concept called nepopreneurship. This was our term for a phenomenon that's going on. But the number of young people in America who have taken a job with a relative's company, like a parent's company, their mom and dad's firm, basically, that number has doubled since 2018. The number who've done it in just the last year, it's up 13%.
23:33It's still a small portion of the overall population, but a really interesting direction people are going into if they want to switch careers, but they still want the security that they crave from their current job is to join with their parents' company. And there's this other interesting phenomenon, which is we talked about the silver tsunami, boomers retiring in the next decade or so, and how they'll hand down wealth and there's going to be a transfer of investment assets. But one thing they're going to be handing down is the businesses that they run. And they'd probably rather have their kid running it maybe than someone random who they'd sell it to.
24:08So a third option here, and it's not open to everybody, but you could consider working for your mom and dad. Knock on dad's door. See what he's up to. Bring a resume to dad. Sit him down. Ask for that job. That's what they said. I mean, Ross, you got a baby boy. This could be the third host on the show a few years. Even before the risk of recessions came along, we covered a story in our pod about neppopreneurs. To Nick's point, the share of small businesses employing the child of the owner. In other words, the owner's son or the owner's son, daughter has doubled since 2018. We did another story about this big boom in boring jobs.
24:43The idea is that entrepreneurs aren't pursuing SaaS cloud computing or artificial chip pod. Instead, they're pursuing an electrician job or a plumbing role. Buy the local laundromat. The trades. Jack and I joke, we have some buddies from business school who have bought up a bunch of funeral homes. Yes. everyone's rolling everything up. Me looking at cash businesses online every day. Med spas. I mean, what business is more reliable than funeral homes? Yeah. Yeah. The undercurrent of all this is that even before the risk of a session came along, it's been a tough job market, especially for new hires.
25:21For like two years now, Zuckerberg started his year of efficiency. That's still rippling through Silicon Valley. You got artificial intelligence, which is causing anxiety. If you got a solid job, We say, keep it. And keep in mind, it's not just tech jobs that are attractive. There's a serious boom in going back to the trades. Such good advice, especially for people in Silicon Valley. We're all obsessed with the next tech boom, the wave. What can we do? It's like, maybe it's the funeral home down the street. I mean, honestly, most innovative business we've probably seen in the last two weeks. Well, there's one we got to tell you about, the AI cheating company.
25:55That was a wild story. I saw this. Yeah. Please share. Kid got kicked out of school for it. The other one is these laundromats in Brooklyn that are like nightclubs now. So like laundromats. Yeah. Yeah. It's like young guys took over these laundromats in Brooklyn. You know, by day, it's like a very millennially nice, you know, very smooth, typical laundromat. By night, they're serving like Buffalo wings. They've got a DJ come in and they've got this whole other source of revenue. And let me tell you, Jack and I were talking about, that's an AI proof job right there. It is. Running a laundromat disco man.
26:25And supply of DJs in New York City, very high. Yes. A lot of DJs ready to pay for it. You can get some good price on DJs these days. Can you talk about the cheating scandal? Oh, this is good. Oh, this is really good. Jack, you want to share what these Columbia guys did? Yeah. So about a month ago, the Columbia University, well, let me, two students at Columbia University created an app on the side of, you know, their English degree or whatever it was they were pursuing as an undergrad at Columbia. They started this AI app that was explicitly designed to help you cheat in school. And then they told all their classmates about this app they created, which helps them cheat on everything when it came to academics.
27:06Spoiler, they got kicked out a month later. They did. Well, as if ChatGBT doesn't allow you to cheat enough. Yeah. Is anyone writing a paper these days? Who's written an essay? Here's the thing about this cheating app. It was specifically designed to help them get internship offers from all the tech companies. They were looking for like a summer internship at Meta, at Amazon, at Microsoft. And they had these coding interviews where they had to share their screen with the interviewer. So this app called Cluey now, it's specifically invisible so that the person on the other side somehow can't see that you're using an AI chatbot.
27:42Meanwhile, the AI chatbot is listening and watching everything that's happening on the screen and giving you just the information you need at the right moment to crack the code. So these two freshmen at Columbia, they go on to LinkedIn and they go on to X bragging about these internship opportunities they got thanks to their cheating app. And then they get an email from the student disciplinary board saying, yeah, you're suspended. So what did the kids do, Nick? They moved to Silicon Valley. They're here in San Francisco as of a month ago. They've already raised money. They're doing$3 million in the first month on this AI cheating app and they've expanded it to cheat on anything.
28:20So their recent use case, using this AI cheating app to cheat on a date, a first date. Yep. Very slick. I was as a joke going to say to cheat on your spouse. What do you mean cheat on your first date? So here's how it goes down. Ross, have you seen the video? I have not seen this video. No, no. Okay. So in the video, the founder walks into a restaurant and he's wearing virtual reality glasses. So he's getting data as they're having this conversation over the meal. And the woman he's speaking with as she's speaking, the cheating app is feeding him information through the glasses, which you can do now with a set of meta Ray-Ban glasses, saying she likes flowers.
29:01Her birthday was this date. She measured in physics. Ask her about her favorite book that she posted about from last weekend. So he is just full on basically cheating the date by knowing all this information about him. But then that brought up like a really existential question. Jack and I were wondering, which was, is this cheating or is this just an advantage? It's like your personal chief of staff. Yeah. It's like Gary from Veep kind of whispering you all the things you need to hear right in the moment, but less creepy. That was reminding me of when I was dating in San Francisco and guys would have watched all of my corporate Natalie videos before I met them.
29:36And they're a complete stranger to me. I'm terrified of them. And they're like, I know you because of like your videos. Yeah. Like I saw that video you did. Okay. Who are you? You're terrifying. And they wait to bring it up. They wait till two glasses of wine. Now I'm trapped. And you're like, oh shit. That's the perfect time. Well, what do you guys think about the massive education gap that we're going to have as a result of this? Everybody's papers is going to read the same. Everybody's thoughts are going to be the same because they're all being fed the same stuff through this AI. I guess the AI can get better, but.
30:02Well, this is a creativity analogy Jack and I have used before, which is the iPhone, which is the iPhone camera revolutionized how we all became photographers. Like overnight by having an iPhone, basically the entire population was capable of photography at a level that we never could have before. However, to this day, we still have professional photographers. People still pay millions of dollars for legendary photos. And if you're doing the photo shoot with your family, like on Hawaii, and you wanted to do one with Matt's family, now you'd probably hire a pro photographer. So there is this element that like the average is being brought up by AI.
30:40But the question is the perfect, the highest quality, the curated, the tastemakers that may still be protected because that's operating at a just different level that the AI isn't hitting. Funny thing about this cheat on everything app though, just to, you know, they're getting kicked out of Columbia basically for, for cheating. And like They branded cheating because that is a wild cutting to the chase marketing-wise. We clicked on it. They're not branding their app as being able to boost your productivity. They're branding the app as helping you cheat, which has some appeal. But bear in mind, 40 years ago, using a calculator was considered cheating.
31:1820 years after that, using automatic spell check was considered cheating. So what's considered cheating at one point just gets added into the rules and it's like, actually okay now? and that's what we think it's important for everyone working a job right now to think like using ai is don't consider it cheating yes you shouldn't lie like like that kid was lying that you know he was a marine biologist didn't know anything about marine biology right it's bilingual and then they say something in spanish and you're like working proficiency but use artificial intelligence to make you better at the thing because soon it will not just like using a calculator today is not feeling like cheating, neither will using AI.
31:59Yeah. Until everyone's like, sorry, babe, I can't talk to you. I'll get my glasses on. Oh, God. So scary. Okay. So that's actually a really good segue. And so the CEO of Shopify recently said that he'll only hire more headcount of his team, quote, cannot get what they want to get done using AI. So how do you guys see the job market being affected by the proliferation of these AI agents now, which can do a ton of things? And what are the most valuable skills that you guys see in humans in this age of AI? Honestly, Jack, you want to share the takeaway we had from interviewing the Duolingo CEO? We just interviewed Luis Van An on our show.
32:34He's the co-founder. Yeah, he just came out with a huge article about... Of Duolingo. And he came out with an article very similar to what you're saying happened at Shopify. He said that everyone at his company, they are a tech company. And so a lot of his engineers are concerned about AI. A lot of them ask them, is AI going to take my job? And his answer to them, AI is not going to take your job. but somebody who uses AI well or better than you could take your job. So that's point number one. Point number two, he had this really funny story. It was kind of self-deprecating, so I'm going to use his words.
33:08Yeah, yeah. Pretend I'm Louis Vuitton for a second. He said, you know, math nerds, like 50 years ago, we had a hard time. We got shoved into lockers, and we were kind of the brunt of the joke. But then the tech industry started booming, and we had a really, really good run. And we started becoming CEOs and founding tech companies and becoming billionaires. And so math nerds had a really, really good 50-year stretch. I think with artificial intelligence, that run is coming to an end. His idea is that taste is going to be more important than ever in the age of artificial intelligence. He specifically said artists will beat nerds in the age of AI.
33:49I'm ready to bully both. So, you know. We kind of love it. You know, it's a counterintuitive take and it's like contrary to everything you see out there. But in a basic level, you see this with like AI's ability to do coding and kind of like core engineering skills. But the limits on creating something totally new from scratch. And the example he gave was like the Super Bowl commercial that Duolingo did where there was like an owl, the famous Duolingo owl, that had another owl come out of its butt. And then another owl appear out of that owl's butt. and it was like increasing owls coming out of each owl's butt.
34:26Genius. Was it the Russian dolls? Those dolls that you keep stacking? Yeah, exactly. And his point was, you know, that's the kind of thing that like chat GPT isn't exactly coming up with. You need an artist to kind of come up with that. I think he was also saying that a lot of quantitative work or sort of process oriented work is just going to be purely commodified and ultimately automated by artificial intelligence. And you know, we're all podcasters here. Their content at scale has to be automated. That's what they talk. He talked about that too, right? a lot of their work has like their contractors.
34:54They're going to lose a lot of their contractors because they got to do content at scale in all these different languages. And something that AI can do really well is translate and sort of build curriculum around the things that they've already built. So maybe the engineers are, are okay, but I don't know. They're still, I'm curious what you guys are using AI for like, cause you know, we're all podcasters here and you know, like what you, but we all have a, and we have a process for creating the show. And it's so funny because a lot of listeners probably don't know how much work and we know how much work you guys are putting into this show.
35:23You're hearing the episode today, if you're a listener, but we know both of you and your entire teams have poured hours and days into preparing for this. So how are you guys using it as part of this entertainment industry? Not enough. I don't think the comedy has been fully matched, but the relatability is. I think even in the last three months, it's gotten better on prompting for script ideas and bits that we do outside of the pod, but more of our filmed content. Yeah. I mean, like it's great for idea generation, like on a sort of micro level, you guys mentioned the tastemaking, it has no genius.
36:01AI has no genius to it. So like that's what differentiates the content that goes crazy versus the ones that are just kind of fall flat, even if they are quote unquote relatable, you know, you're not allowed to use AI. So like I'm working on scripts for, you know, TV, I can't use AI for that. Like I can't really go near that Cause if they find out or they can figure it out, then it's like, because of the writer's strike. Exactly. And same with our branded content on socials, all the contracts include, you cannot use AI to generate any of the concepts that you do in our branded content. Right. But you may have a script and you're like, okay, I need a good example is I was like trying to figure out what would be a good gift for a salesperson, right?
36:37That would be funny. Right. And it just sort of listed out a few ideas. I just needed a super small kind of like mini joke inside of a much larger skit and it gave me a bunch of good ideas. That was that, that was great, but it doesn't have the cleverness. It doesn't have the wit. It doesn't have the sarcasm. Or the personal history that you guys pull from. Like Jack and I, you know, we go back to freshman year. So like we pull from, you know, we're like, wow, the, the analogy here for, for this economic trend is actually, you know, honestly, it's like a Beirut game that we played when we were in college.
37:06And like, you know, the strategy Jack would have. And we're like, that's a personal thing that you can't touch if you're coming through chat GPT on. Right. True. And you guys to talk about the creative side here. It's interesting, Ross, that you asked ChatGPT, what gift should I get this client? Because I think that's the first step to harnessing the power of AI is just rewiring your muscle memory to stop thinking and stop Googling, even though that's what we've done for our entire professional careers is think and Google when we need to come up with ideas and find information. And instead, rewire yourself, can I ask an AI chatbot to save me time here or to come up with better ideas or to just brainstorm so that I'm not starting with a clean slate.
37:48Right. That's a clean slate thing. Yeah. The best way to pick up a new habit, work with an existing habit. So, you know, like when people want to give up alcohol, they typically don't go cold turkey because that's really hard. They typically replace it with something else. Maybe get a tea instead or, you know, a ginger drink. Right. So you still are enjoying the habit, but it's just not alcohol. Same thing like Jack saying, like instead of Googling something, try chat GPT-ing it and see how that's the same habit, but different use case. When we did that story on why the NBA should expand to other countries, like the whole NBA basketball business model, we needed to know how many MVPs in the NBA were born outside the United States.
38:26Googling that doesn't really give you an exact answer, but AI does. So with research, that's how we've been using it the most. It gets you over that blank you mentioned, in the blank slate. Like that's the hardest thing for so many creatives. Just like, give me something to work with. Show me some clay. And you're mentioning kind of rewiring those habits. I guess just more specifically, I want to ask about maybe some of these tools or just current things you can add. So the CEO of Uber said that most employees do not know how to properly leverage AI tools in their daily work. How can listeners start leveraging AI tools in their current work roles?
38:58And maybe it's just going from Google to chat GBT, but any tools or recommendations you have. Before we answer that question from Nat, a quick sponsor break. Built. Yeah, it is full disclosure. I used to own an apartment, but then my wife and I sold it and now we're back to renting, baby. I'm owning, but we both suffer the same issue, Nick and me. Yeah, we do. We're not getting points on rent or mortgage payments right now. Yeah, that's why we were shocked and are now both seriously considering what we just heard from Built. This is wild. Because paying for the roof over your head, it's our single biggest expense.
39:29Whether you rent or you own, that's the case. Well, Built will pay your mortgage or your rent for you, so you get the points. Points can be redeemed toward your next flight, hotel, Lyft ride, Amazon.com purchase, and more. Personally, I'd use them in the Built travel portal, or simply use them toward a future rent payment. And one unexpected benefit of Built is that every member gets access to its agentic neighborhood concierge in the Built app. First, you download the Built app. Second, you link your credit or debit card. And then you ask the Built neighborhood concierge to basically be your AI butler.
39:58Makes you feel fancy. So download the Built app and join the membership for where you live at joinbuilt.com slash tboy. That's J-O-I-N-B-I-L-T dot com slash T-B-O-Y. Use our link joinbuilt.com slash tboy so they know Nick and Jack sent you. NetSuite next. Yetis, they say time travel is not possible. But have you heard of this theory? Every day your business is late to AI, you fall two days behind. Therefore, if you get ahead of AI, that means you're basically traveling two days into the future. I'm actually fact-checking that math with Christopher Nolan right now. Yeah, we got to double-check that.
40:31But that is definitely how NetSuite Next works, because the next leap in how business gets done is by sticking AI into everything you do. NetSuite by Oracle helps you do that. It automatically surfaces custom insights because their AI has the context of all your business data. AI agents work with you to solve daily problems, saving you time and money. And anytime you have a question, you just ask them like they're your colleagues. So besties, if you aren't sure how to use AI for your company, this is honestly the perfect place for you to start. NetSuite. And once you use it, it'll feel like time travel with Michael J.
40:58Fox. In a good way. So yeah, it is for the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to netsuite.ai slash tboy. Built for every industry, ready for every boardroom. Netsuite.ai slash tboy. How can listeners start leveraging AI tools in their current work roles? Stop Googling, go to ChatGPT. Anyone I know who has sort of moved their page one of the internet from Google to ChatGPT says they're never going back. And it's just a total game changer for their internet experience. So I do think that's step one, because you're going to stop Googling and you're just going to start using artificial intelligence just by accident due to the nature of going to look for things on the internet.
41:42Yeah. Any tools you've seen in emailing, these like general presentations, things that every worker is doing well here's here's a risk to be careful about which is that it's also in ross is kind of highlighting this earlier there you can start to sense now what's what's been uh what's got a little chat gpt flavor oh yeah you know like jack and i can you can suss out right now which emails with like the hyphen or like the one two punch like are kind of using i'm guilty i use the hyphen all the time and now i'm offended by this i'm a huge hyphen guy i feel like it i feel like it plagiarized us man yeah um but that that is a key and you know one one art form jack and i think that is going to be developed more is prompting and this kind of gets at the why artists may succeed well with ai which is actually asking and this is a difference with google with google you can just kind of like you can have 12 typos in there and google will just like show you the results with chat gbt you do want to create and and spend the time investing in the right prompt which is a series of guidelines to get you to the right answer.
42:44And that prompt, that art of prompting, that's a skill we think you can improve on and get better at. And part of these prompts that Jack and I say will be like, we want this to, you know, what are examples that are not expected from AI? What are things that are more outside the box? You can prompt AI to not sound like AI or not do things that are cliche AI like. The role prompt engineer, is that similar to what you're saying? What is a prompt engineer? Yeah, similar concept of being good at prompting. And it is a skill, we think, just like learning how to write a cover letter was a skill before, or how to craft a thesis statement was a skill.
43:22Actually having the ability to write a thoughtful prompt with guidelines of, I want it to be colorful. I want it to mimic this style of writing. I don't want it to sound like AI wrote it. Here's how you become a great prompt engineer. You act like a boss and you pretend you have an assistant and be like a really awful boss who's super anal about all the details. So Wilder's fourth birthday party and the dinosaur themed Easter egg hunt that Nick mentioned, that idea came from Chad GPT. I said, I'm having a birthday party in April in Vermont. I want it to be outdoors. I don't know what the weather will be, but it's probably going to be wet and cold.
44:03Easter is the day after the birthday party. I don't want to get a bounce house because that's cliche for four-year-old birthday parties. No judgment, though, Jack. What activity can I do for the 40 people who have RSVP'd, 20 of whom are toddlers? They came up with that idea and like six other really good ideas. Act like you have an assistant. Act like you're Ari Gold. Remember Ari Gold? Yeah. He's an assistant who was unbelievably productive. And Ari Gold was like aggressively demanding of that assistant. I think that's how you become a great prompt engineer. Demand absolute excellence and say all of your preferences and all of the things you need down to the final detail.
44:45And ChatGPT doesn't care about manners. They're going to produce a better product because you were such a stickler. Yeah, Sam Altman. I was going to say a please and thank you. Yes. Yeah, they're losing tens of millions of dollars of people being polite. Yeah. You should be. I saw this video. It's like how we're cheating chat GBT these days. And it's like, now make it better. And the guy was pretending to be chat GBT. He's like sweating. Please let me out. And when the robots come for us though, if you did drop the occasional please and thank you, I think they keep a record of that. Yes, I do too.
45:13100 minutes. Yeah. Gotta be nice. Yeah. Gotta be nice. Your behavior score is just being logged every second now. Should we shift on to our deer demoted? We had some folks right into us. And so I'm going to attempt to read this to you guys. We don't show this that often, but Natalie and I really struggle to read. Yes. So I'm going to read this anyway here. So dear demoted and t-boy, I was recently laid off from my tech startup job. They said the decision was due to the quote hesitancy of venture capital firms to invest in the market during economic uncertainty. Do you think this is a temporary measure or could this be the start of a rough time to be in early stage tech?
45:45Would it be unwise to look for another job at a startup? Any insight would be very helpful. Thank you guys. So taking a job at a startup is always risky, just given the nature that most startups don't succeed. There's data out there that businesses that get formed, chances are in five years won't be there anymore. So startups are always risky. You're also probably not going to get paid as much at a startup as you would a big company, especially when you consider the benefits that a big company can offer you and the number of hours a startup demands of you. So that's like number one, startups are always more risky and you should only do so if the failure outcome like the company going under or you not making it there like can you handle that negative outcome like do you have some savings or something to fall back on if you lose your job if you don't maybe a startup is not the right move for you because that adverse scenario is just unacceptable like ross you you have a kid now.
46:49I have three kids now. Once you get those kinds of family responsibilities, your risk tolerance just goes down a little bit. It's just like the nature of life. Depends on the going rate for a child. I don't know. If all that sounds great to you, then with all that risk comes greater reward. So you get the upside at a startup of being promoted more quickly, of gaining responsibilities more quickly because there's so few people who work at the company. Maybe you get stock and equity in the company. If that company gets acquired or IPOs, that's how you could get rich someday. And honestly, maybe you have some leverage now.
47:24As we're hearing this question, I'm thinking, Jack, yeah, maybe people are averse to going to startups right now. And so maybe the desire to need some people talent kind of works in your favor. And therefore, if you are pursuing a startup and they're having trouble hiring, it's an opportunity to ask for more. Maybe this is when you ask for equity. We always say equity is exciting. You know, there could be some leverage here if you are pursuing a startup when most people are not. Equity is exciting and terrifying. One thing I would add to that is also try to look at when they raised money. If they raised money four, five years ago now, chances are they're not going to achieve their valuation and are at much higher risk.
48:04You know, everybody's trying to fight to meet these valuations that were crazy just five years ago. So if you've raised money very recently in the last year, they probably are going to go lower and slower and have a little bit more, be a little bit more conservative, burn a little slower. That's my hypothesis, at least with what VCs are telling companies to do now. So you might have a little more runway if you do choose to go there, they might be a little bit safer, but again, still highly risky. Good advice. Your podcast kind of started as a side hustle. Our content started as a side hustle. Everyone's like, how do I make ends meet now?
48:35Should I get another job? What can I do? Do you have any advice on side hustling or how to find other sources of income in these uncertain times? Yeah. I mean, first of all, create an LLC for yourself. If you're going to start side hustling, make sure you have created a business. Because all of the expenses related to the work you did, whether it's your computer, your internet service, that is all part of the product that you're working on selling. Great advice. So if you're going to start a side hustle, that is a business. and if your business even just the thought of starting a side hustle you think you don't like even just if you're going to commit to something you should do that you know what there's like a funny little bit of accountability like you know the the theory that when you share something with someone you're just more accountable because now there's like a little bit of reputational risk almost similarly like with the US government if you file to create that LLC like Jack's talking about and you're going to get a notification from the government the next year saying that you like you owe a certain filing fee or something you're going to feel like, you know what?
49:36I got to make this 400 bucks worth it. I really should turn this into something. Yeah. I love it. Speaking to existence, you got to put it out there. Accountability. Now, we recently started a second show actually called The Best Idea Yet. We launched it last fall. Instead of a daily podcast about news, this is a deep dive weekly podcast. So far, we've covered 40 of the most viral products of all time. And it's basically the untold origin stories of the products we're all obsessed with. So we did Super Mario Brothers, we did the Birkenstock Sandal, we did the Ferrari, we did the Super Soaker, we did the Reese's Peanut Butter Cup.
50:13Here's a wild detail about all of those products. Just about all of them started during economic recessions. It is wild, but a recurring character in our series, the best idea yet, is that an economic downturn caused somebody to be in a tough situation. And with their back against the wall, they innovated and created something awesome. People get created. Recessions are the recurring character in all the shows. And then on top of that, to go even further to tie into Nat's question, so many of these products began as some kind of a side project. The Peeps candy side project. Leases peanut butter cups invented by a frog salesman.
50:56They were a side project. A frog salesman? Yeah, a frog. You know when you need a frog? You know when you're in the market for a frog? Yep. This is the guy you call? He was running a little peanut butter business on the side. The super soaker. NASA engineer side hustle at home created a super soaker. Wow. So many incredible success stories of these that all began during moments like this. with side hustles like you're talking about. So you're saying it's a great time to build. One more Dear Demoted for you both. Hey, Nick and Jack, I listened to T-Boy and damn, you guys are smart and well-read.
51:31What do you rely on as your source of information? What should I read or listen to every day to sound smarter at work? T-Up, T-Up, what is it? Listen to our show. Because we have some advice for people who want to find the right news and information, but we know that your time is limited. Nick and I spend our full day job finding the perfect mix of stories for a 20-minute podcast. We literally say content is king, but curation is queen, and we are curating it for you. We have a wildly diverse diet of news and information that we spend hours consuming every day, including on the weekends. We consider it like our personal board of advisors.
52:13We have an automotive blog sitting at that end of the boardroom. We have a tech podcast right there. Nick has the biography of Enzo Ferrari over there. I listen to a conservative-leaning podcast. I listen to a liberal newsletter. We consume so much information from so many different perspectives so that we can figure out what are the three stories our audience needs to know and how can we give them that 20-minute news shot that just prepares them perfectly to understand the trends, the exciting stories and the boring stories that are actually really important that you need to know about. Wow. So if you want to become an LLM like Nick and Jack have with consuming every source of information.
52:56If you're a human AI. Yeah. If you don't have time to do that, listen to T-Boy, I think is the answer. One lesson Jack and I have learned in this daily pursuit of the most interesting business stories in the world is that Jack and I like to say the formula for interesting is bold plus specific. And what we look for when we're going to choose whether or not a story will be one of our three for the day. And it's something you can look for in your lives when you're looking for interesting news is we like to find the bold and specific example. For example, we did a story the other day on how fashion chains are launching coffee shops.
53:31So high end or low end, they're launching shops. The data point that led us to that whole story was about Ralph Lauren's Ralph's coffee and how they were doubling the number of stores and the retention rates were a super high number. We took that hero stat, researched it further, discovered there was a whole story here of Zara launching it, Gucci launching coffee chains. And we turned that into a story for the pod. And Jack and I think that's part of a healthy news diet. If you're not listening to our show, it's something you can do on your own, which is pursue when you see the one interesting detail or data point.
54:03Go down that rabbit hole a little more and you'll find there is usually a bigger, broader story with a bigger, broader takeaway there. I think something that you both have that's just, I love witnessing firsthand is just such sheer curiosity. That's what made you start this podcast. What made you start your second podcast, being curious about the world and things and trying to find things that excite you will make your day a little bit more fulfilling, I think. Totally. And you're just tastemaker kings. You really are. Pursuing curiosity is a very proactive move, Natalie. And whether or not you listen to our podcast, we do have advice for how to be well-rounded information-wise.
54:40And that is to break your social media silo. Our algorithms have pigeonholed all of us. They have figured out what we like to click on and what we like to view, and then just fed us tons of that same thing. We're all in these information silos based on our algorithms. To break out of that, you need to proactively search for an account that the algorithms are not feeding you. to diversify your information diet. So like Nick and I have an automotive blog, an international newspaper, a British economic magazine of which that is a category of one, by the way, everyone knows that's The Economist. It's a very proactive thing.
55:21Like you're going to have a very not homogeneous information diet unless you actively pursue new perspectives. Matt and I try to read The Economist every Sunday night. And by that, I mean, And Matt reads it to me because I have zero interest, but it makes me smarter, which is good. Final question, answer or not. Just says, two of my favorite pods, ask T-Boy their favorite stock or ETF. When Nick and I were in our 20s, we were highly active stock jockeys, let's call it. We pursued lots of individual stocks because we believed we could outperform the rest of the market. Just like every cocky 20-year-old.
55:59Spoiler. I mean, it's going to go up, right? It only goes up. That's what I was told. We're the smartest two dudes here. We got this. Jack, this just came across my desk. If you've got one minute, let me tell you about - We learned in finance class that you can't beat the market and it's futile, but we didn't believe it until we tried it in our 20s and failed. Yeah. Well, honestly, in my 30s, I have stopped trying to beat the market. And my favorite stock is Berkshire Hathaway, which is half private equity firm, half actively managed stock portfolio led by a 94-year-old investing legend. You can basically for free with no management fee, piggyback off the smartest mind in the United States, which is Warren Buffett.
56:44And for the last 59 years, his return owning that stock is double as good as the S &P 500. It's not a stock recommendation, but that is where most of my money is. What's a single share of that now? They've got the B's. Oh, that's right. The B share is$300 or something. Okay. The A share is like$500 ,000. $500 ,000 for a share. Yeah, yeah. Funny detail about Jack's and my investing, which we always kind of shocks people. But Jack and I, we invested in a car charging stock during the pandemic when we were bullish in buying electric cars and we're like, this is going to work. Hasn't gone anywhere.
57:21Peloton, we were all in on that at a pretty good point during the pandemic. Still holding on, hoping someone will do something with it. But that isn't done much. Our best performing stock, S-P-Y. The ETF, the S &P 500, the most boring of stocks has been our best performing stock. That's Reddit's favorite stock too. And honestly, the key thing Jack and I do is people BTD, buy the dip. Jack and I like to say now we BTD, we buy the date. We basically invest on specific dates on a calendar year consistently. So instead of choosing based on what the price is of the stock, because anytime we tried to buy at the bottom, it's kind of gone down further.
58:00We just take that variable out of the equation. We don't even think about it. We just buy on the first of the month kind of a thing. And if you're holding long term, it doesn't really matter where the buy in price was because eventually you're hoping it goes up from there. So rather than stressing yourself out about BTD by the dip, another thing you can do is BTD by the date and just focus on buying stocks at specific dates. Yep. I got some recurring buys. I have a caveat to all of this, which is early in your investing career, buy a single stock of a company you frigging love. And eventually it's hopefully going to go up.
58:35And when it does, sell it and then splurge on something for yourself with that game that you did. Oh, totally. Because that's sort of like, you need to bask in the glory of capitalism by like making a$300 return and just buying that frigging pair of sneakers. I think that's how we bought these snatching Shinola watches. Jack and I like got a nice business dev. Of course you have matching watches. Why would they? Like booty right there. Yeah. I love it. I love it. Okay. We want to do promoted or demoted our tried and true segment with you two while we have you on. This is just quick answers. Do you like it?
59:09Do you not? a lot of these might come from some recent T-Boy episodes. Promoted Demoted, the Teenage Mutant Ninja Turtles. Who's your favorite? Nick, you have a disclosure to make. Yeah, please. Yeah, I mean, I only wore Ninja Turtle underwear for the first four years of my life without fail. And I think that's pretty common from what I understand. I was a big Ninja Turtle guy too. I don't know if it was four years straight, but. So, you know, just because we're on a roll here, let's promote Ninja Turtles. And the reason why is when Jack and I did a story and the Ninja Turtles, it is the first company, the first brand we'd ever heard of that was started as a complete joke.
59:45Like, the guys who created it just were riffing on a couch and trying to come up with the dumbest idea. They were stoned as hell. They were definitely, yes. Northampton, Massachusetts, they were stoned as hell, and they said, I'm going to make a cartoon about turtles. And then they said, wait, Ninja Turtles. Hang on. Teenage Ninja Turtles. Wait! Teenage Mutant Ninja Turtles. Let's name them after Italian Renaissance. painters. They called it the dumbest idea they could think of and it became a billion dollar idea. And something so dumb like that, you kind of just got to promote it. That's like Ross writing sales are dope from your...
1:00:19As stupid as possible. Yeah. But me taking it seriously. Sadness is the best acronym I've ever come across in my entire life. It is. We were so impressed with it. It just works. It's USA Patriot Act and sadness. Yeah, please. Two best acronyms ever. That's what it's going to take to get it passed. that's what it's going to take i have one final one here as the only non-business schoolgoer of the group i'll let you you three answer promoted or demoted going to business school say promoted minimal contact you don't get to give a ton of context here i'm going to promote it personally i'm going to promote it so that michigan likes me as an alum so you invite you back to finally speak it's all about the network guys it's all about the network promoted for that for the sake of the kids who may apply yeah love that love that well nick and jack you've been amazing thank Thank you for coming on our podcast.
1:01:07Thank you for sharing your wealth of knowledge with us. Absolutely killed it. People are gonna be blown away. They actually got smarter for once on a demoted episode. They did. They're gonna freak out. We had so much fun. And we had so much fun having you guys in our podcast. But also, one moment, can we just pivot the spotlight a little bit to how much we respect you guys in terms of what you bring and create into the world? And there's an example Jack and I were thinking of in particular, which is no one enjoys ads. They are kind of like the bottom of the content totem pole, right? You know, like that's not the highlight.
1:01:39And yet, you two have managed to turn advertising into a form of content that we look forward to listening to when we listen to every episode of yours. And that is a skill that like as peers, we deeply admire about you because it says you're willing to do like the tough things. Absolutely best in class branded posts. the funniest posts i can remember that you two have done have been paid posts i'm thinking of we're beaming i know ross tried to sell nat some chomps beef jerkies oh yeah that was so good ross's mr coffee morning routine i can't believe they approved that and then recently the two co-workers whose entire personality at work is i'm too busy for this that was staples right Staples.
1:02:24How do you come up? Do you like write this? Good chat. You're not kidding. We just think about the insufferable versions of ourselves, which is us. Yeah. And go from there. We go to the negative trope and then we kind of weave it in. Yeah. All the motorheads out there, something that we should additionally appreciate about these two as an incredible podcasting pair are that they put the time to something that honestly most podcasters don't care about. And a lot of podcasters try to act like they're reading because they think they're above the ads. Yes. And we don't like that approach, but you guys do such the opposite of that.
1:02:56So for all the Motorheads out there, just another reason to love these two. Yeah. Thank you both so much. Did you manage to offer your product for free? Monetizing through ads that people don't always like, but you make that entertaining too. So that's really interesting class. And on that note, just put in promo code Motorhead. Promo code demoted at checkout. Thank you, guys. Free shipping, guys. Free shipping. Think about it. Think about it. Promo code. Where can we find you? We know your podcast. You want to shout out your personal socials? Where can we pay you guys for what you just said about us?
1:03:29Yeah. Like where can we turn that into a social clip? Yeah. Follow the best one yet. We're also known as TBOI, T-Boy, at T-Boy Pod on Instagram, TikTok, and everyone on social. The show is the best one yet, aka T-Boy. You can find it. That's all you got to follow. Follow the best one yet. Every day. You can find Nick's and my personal handles from there. but the quality you guys put out every day is just and it shows our heart our soul into our brain into every episode and enjoy our new show the best idea yet which every week the most viral products of all time jack and i tell you where they really came from and that one has been a blast we just did frappuccino this week which oh my old dream we just probably lost all of our motorhead listeners because they're now going to just transition to the best one yet but this was great the right thing to do it's the right thing to do and we would support it Thank you both and enjoy the rest of your day.
1:04:19Thanks for having us guys. Thank you, Thank you, thank you, What an episode. Yeah, I feel smarter. I feel kind of ready to take on the day. I feel elated. I feel uplifted. I feel like I need to maybe drink a coffee. Yeah. Their goals, they're aspirational as hell. Their goals. I love them. Every time I talk with them, I feel better. And I think you can all feel better by listening to their podcast. Truly. I cannot plug it enough. Yeah. Sometimes, you know, people do 1.5 speed when they're trying to just like digest things quickly. I do 0.5 speed for them. Right. Then it sounds like a normal speed.
1:04:51It sounds like a normal speaking voice. But like I said, they waste no words. They say a lot of words. They waste not a single one of them. Zero. It's all just so concise. So to the point and so digestible for a simple mind like myself. I am a simple minded gal. We are simple minds here. Thank you to our first time listeners. Yes. If this is the first time you're listening to us, we do have other guests that have previously graced the pod. Simone Stolzoff talking about the good enough job, how your career doesn't have to be the only thing that defines you. Vivian too, if you liked some of those finance tips, she is a finance expert.
1:05:22Hers was a great guest episode. And we also do corporate hotline episodes. Where we get crazy, raunchy corporate stories about the things that happens at the office and the holiday parties, et cetera, et cetera. Makes you a little less bad about blacking out at your company holiday party. Exactly. Let's read one shout out, get everyone out of here. This one is submitted by iulittle5! exclamation point. Congrats, Tommy D and Claire on your engagement. Congrats guys. And shout out to anybody who listens to T-Boy as well as Demoted. You're obviously the cream of the crop, the most educated and also lowbrow in terms of your humor.
1:05:53All the yetis and the motorheads. We hope we can do a meetup one day soon. Yep.
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“Workplace shenanigans with a side of career advice” — that’s the tagline for the Demoted Pod, which Nick and Jack were interviewed on this spring. We had an epic time exchanging banter with two of the finest office satirists on the internet.
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Nick is still resting up, staying positive, and getting better. Thank you for the well wishes! Can’t wait for him to be back on the mics next week.
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