Stock Market Crash & Jordan Peterson - Episode 071

Alrighty. Welcome back. Another episode Sea Sweet Unfiltered with my candies.

Week off. Because of training last week, took a week off.

Welcome to 11 new locations to Augusta. Very exciting. Very excited for all this.

I just know you had a couple gray hairs coming in.

Yeah, I have. If you look, when I grow my hair out a little bit, you can see some here.

Oh, yeah. Oh, yeah. Oh, yeah.

So I'm embracing it. No, I've had little bits of gray here and there.

Okay.

My mom shout out. She was a full, like salt and pepper by 20.

Wow.

She had full salt and pepper hair by 20. She had very, very dark brown hair. So I'm like, hey, I'm 30. You know, if I get full salt and pepper by 40, I'll embrace it.

Okay.

As long as I still have hair, no offense. As long as I don't care what color my hair turns, as long as I have it, I'll embrace.

All right.

Are you. Will you be. If you go gray, will you be a natural guy?

What does that mean?

Like, will you just let it go gray or are you going to fight it?

I had no idea. I'll attack that when I get there. But like, my dad's side doesn't go gray until 60s and 70s.

Oh, cool.

Yeah. But my mom's head goes great, really, really soon. So I don't know.

I'm gonna go natural. Yeah, I think I like it. Let's go.

Wait, do a lot of guys diet?

I don't know. That's what I'm just asking you.

Oh.

I think it's becoming more and more common.

Really?

For guys to.

Dude, if I was gonna dye my hair, I just do straight black.

Yeah.

I just went like jet black.

Well, here, here. Let's just talk about, you know, male trends, if you will.

Okay.

Go back 50 years. Okay.

By the wrong person to talk about males.

Sure. Okay, let's go back 50 years. Like the 70s.

Yeah.

How many guys do you think had a facial routine?

Not very many.

Yeah, like probably less than 10%.

Yeah.

Do you.

Do you put moisturizer?

Of course.

Never.

But, like, almost all my friends have some sort of like, facial routine. Interesting guy friends.

Okay.

Like, so I just think it's becoming more and more common to like.

Oh, so you're thinking it's gonna become more common to dye your hair.

Dye your hair, everything, all that stuff.

Okay, all right, that's fair.

Would you not agree?

Oh, I would agree. Yeah.

Like, I know a lot of my guy friends have like a legitimate, like, face cleaning routine and I'm like, isn't that just soap? And in the show hour.

So anyways, that is a off topic. Let's get on topic here with the stock market. Yeah, Stock market watch. So at time of recording it is Thursday, August 8th. I'll try to get this up on.

By the market's like way up today, isn't it?

But the market bounced back on Thursday, which is weird because if you're looking at the market on Monday, by all technical definitions, and I'm no expert here, it crashed. It had a crash on Monday. Many, many, many blue chips, S P20, Dow Jones, you name it, all had substantial losses on Monday and even some carried over into Tuesday. Now I don't have a specific article, I'm no economist by any means, but Mike Andes, any initial thoughts on this weird mini crash to now mini rally where a lot of these stocks and I even looked at my portfolio today, I'm like, what is this weird mini rally that happened today?

Yeah.

So yeah, like the general gist of why the market's freaked out, was it Sunday night or Monday night?

Well, it was Monday when we saw like the mini crash some carried over into Tuesday.

I think it was Sunday night. Sunday night is when in Japan their stock market went down by 25%. And the reason for that was because of what's called the carry trade. Think of it like really, really basically you have really, really low interest rates in Japan and you have high interest rates in the US So what do you do? You borrow money from Japan and then you go invest it in the US that is buy our treasury bonds. So if I can get, if I can get use to carry trade and just basically get money from Japan at 1 1/2% and then I go over to the US and get 5% on their treasury bond, we're good until they increase their, their interest rate or the value of their currency goes up. Because now when you bring the US dollars back to Japan dollars or yen, it's way worth way less. And that's what happened. Okay. And so as soon as the yen strengthened, like because of them increasing their rate, like they did the carry trade coming back with currency of the currency exchange messed up. And so that's like the very, very 30,000 view. There's a lot of other stuff involved there but. And then basically Japan stepped in is like, yeah, we're going to like they just did so much to backstop it. And so it kind of took away the threat and the risk for them. But like you can only do this so long Like Japan, if I remember correctly, like 240% of GDP is in debt, right? Like the U.S. i think for context, like 120 or 130% of our GDP in debt. And so they are like literally double debt than us in comparison to the size of their economy. And so they're in a bad spot. And that for that reason their, their economy has been stagnant, if not declining in terms of, because they have declining population. It's been really, really hurting really the last 30, 40 years, whereas the U.S. has, you know, our economy continues to grow at 2 or 3, 4% a year. So anyways, all of that to say that is why I was thrilled when it crashed on Sunday night. Dude, I was, I was so happy. I had moved in all of my index funds. And so all the big stocks that like took massive hits, like Tesla went way down, Google went day down. All the big, big names, I was like, over here was just like a 1 1/2% down on the day as my index fund. I was like, let's go.

Yeah, yeah, totally makes sense. Yeah. So this is from Investopedia and it said US Stocks tumbled Monday amid a global equity selloff led by Japanese stocks, which led to their worst day since 1987. The yen carry trade, a popular investment strategy that exploits the gap between low Japanese interest rates and high rates elsewhere, may be one key factor in recent market volatility. A more aggressive bank of Japan and soft US economic data have threatened to narrow the gap between Japanese and U.S. interest rates, promoting an unwinding of the trade. Analysts say that the future of the carry trade largely depends on the trajectory of the US economy and the magnitude of any response by the Federal Reserve. So what does for a layman, someone that doesn't understand all the complexities, but you are more well versed in these macroeconomics, if you will, than myself and probably a lot of our listeners. What would you say the Federal Reserve has to do now for the US to protect against this happening again or potentially protect against further crashes or further losses?

A normalization. The interest rates is helpful, but like Japan's always going to have a lower interest rate than us because they have a. Their economy isn't growing. They have to keep interest rates low in order to spur economic development.

I don't know. It's not a matter of preventing. Like, you know, when they like if everyone on earlier this week was like, we have an emergency, you know, rate cut, it's like, dude, they're not going to do that. They, they're trying to protect against inflation right now. So I think in any time you have, you know, these small economies of countries, like you're going to always have these arbitrages and that's what this has been. Because Japan is one of the few economies that is modernized that does have such low interest rates because of a declining population and because like they have negative interest rates, like, which means you go to the bank and you pay them, like you pay them to keep your money. We get a little bit of an interest rate here. And if you're going to, you know, a high interest yield savings account, you get 3, 4% right now right there. That doesn't happen. What we are experiencing back in 2020 and 2021 when we had zero interest rates is what they've been in for ages because they have no one like bringing money. We have declining population. You're fighting uphill battle. Yeah, like you can be, your economy can be growing, but if you're declining population, you have a problem. And so, you know, how do we prevent this? I don't think it's necessarily prevention. It's a matter of like making sure our economy is strong enough to prevent, to, to be able to ward this sort of stuff off. And it seemed to do that this past week.

Well, okay, so it's interesting that you, you mentioned declining birth rates because I recently saw Elon post this. You know, this is. He retweeted an account and this, this was all he said in his retweet or his quote tweet. He said population collapse is accelerating. That's period. That's it.

Did you put that on Sunday or on Monday morning?

That was posted on the 7th. That would have been two days ago. So yeah, sort of in Monday.

Got it.

Monday at 9:00pm okay. So potentially after seeing the markets react to this, I don't know but this is the tweet from at more births. It said what most people fail to grasp about the low birth rate crisis is the sheer speed of the decline. This chart from the New York Times shows how much births have dropped in one year basically. And the, the lowest amount of drop is Denmark minus 1.9%. US is also tied with Den park minus 1.9. This is year over year. But the highest couple of countries you have the Czech Republic, Ireland and Poland all over 10 decline year over year.

In one year.

In one year, yeah. Wow. So now you do have. This is interesting. The Philippines are plus 6.7%, Thailand is plus 3.6% and Malaysia is plus 2.2%. Those are the only countries from this chart from the New York Times that.

Had positive year over year from Africa.

That's. This is from the New York Times. I don't know exactly what they're tracking. I don't know if this is everything.

I guess this is acceleration versus absolute numbers, because I assume absolute numbers. Africa is still significantly higher, I would.

Guess, if I had to. Like I said, this is just one tweet, but what are your thoughts on that? Knowing that what you just said. Okay, so Japan doesn't have high enough birth rate to keep up with a growing economy.

Well, I didn't say birth rate. I was a population population. They have an aging population, so people are dying faster than they are being born. So, yes, you could tie this back to birth, but it's not necessarily fair enough.

Yep. So I was making a jump there. Appreciate the clarification. But let's assume that the world continues in this direction of declining birth rates. Yeah.

You out here trying to fix it, bro?

Yeah, well, one kid. All right, one time. What do you. How do you feel about Elon Musk saying. What do you think he was one tweeting in relation to the stock market crash, like, putting this all together?

Oh, yeah, he was.

Okay. So what do you feel. How do you feel about population collapse is accelerated?

I don't think about this enough. I. Maybe it's like a existential thing that I will eventually kill us, but I don't think about this at all.

Fair enough.

So I don't research it at all. Sorry.

Yeah, no, I was just wondering because, you know, a lot of people do talk about it, and Elon Musk has been quoted saying that the biggest threat to our society is population collapse. And that's one of his excuses. Sounds harsh, but for having so many kids.

Yeah. With a bunch of different women. Yes.

Which I'm not going to judge him per se, but that's his. That's his reasoning behind it, at least what he publicly says.

Yeah. Yeah.

So I don't know if you had any thoughts on that.

Oh, man. I do think it's like, if you just look at generally like, the poorest people have the highest birth rates and the richest have the least. And, like, just following that logic, you're going to have more and more of what we have now, which is the dispersion of the rich become richer and the poor become poorer. And so I think it will just continue to reinforce this. This notion that you're getting a smaller and smaller segment of the population holds more and More of the wealth and now it's just being done with birthing because you're having, you're having this amount of wealth being spread out amongst more people and you're having this amount of wealth being now shrunk down to less people. And so it'll just compound.

Yeah. And that's, I think, why people get frustrated by, you know, inheritance kids. Right. Or trust fund babies, if you will. They just get the wealth from previous generations. And if that funnel keeps getting narrower and narrower, well, guess what, you're just making the 1%, the 0.1% bigger and bigger and better and better.

And if you will, and they will have more and more power politically, economically.

Yeah, that's what I mean by bigger and better. Like they're just going to have more power over the working class, the poor class. It's, if you will. So interesting. What are your thoughts on this? Is I like asking people this, what are your thoughts on? Obviously you don't have any kids, but like generational wealth, we talk about it, Augusta, It's a positive thing. But what are Mike Andy's personal thoughts? Hopefully, you know, maybe you have kids one day. I know you've said you would like to do that. What do you feel about passing things down to your kids? Do you believe in giving all of it, portions of it, segmenting it out, like they have to work for it? Some people have very diverse opinions on this.

I would say, like the greatest thing you pass along to your kids is the ideologies of the rich. And so, you know, I wouldn't give them money, but the reason that even when rich kids don't get money, the reason they usually become wealthy is because they've been around the right people. They've connected, they know they, they've seen how rich people operate and they've seen how people take big swings at things. They see how they are all constantly investing in their investing in assets, how they think much larger in terms of like, yes, I will buy the private jet because it is going to make me way more money. They're used to big swings. And so I just, I just genuinely believe that if you took a, a kid that was super rich born and then threw him inside a poor family, he'd probably become poor, unfortunately. And then you throw it, take a poor kid and you throw them inside of a rich family, they probably become rich with or without an inheritance. It's simply because that the person becomes so. It becomes so normal to transact, to do deals, to be selling, to be networking, to be constantly Grinding. And so.

Take the last one back. Because grinding when you're poor, that you still have to grind. Yeah, it's just you're not doing it in a leveraged way. And so the rich people traditionally, they simply just leverage things other than their time and they go grind on ideas, they will grind on concepts instead of. Typically the poor will grind on labor only. And so if you're going to go from poor to being rich, you will go through a period of grinding on labor. But you have to eventually have a higher form of leverage. And that is where your money starts to work for you and you start to employ other labor and you start to employ code. You start to use your capital that gets interest on it and like, so that doesn't. Seeing that allows you to become rich. It's the knowledge part. Knowledge. You got to get that knowledge and. But it is true. It is true.

So you say the ideologies of the rich is one of the most important things you can pass on to your kids. I don't necessarily disagree with you, but I think you should unpack that a little bit in the sense of you're referring to the rich people that none of us know about.

What do you mean?

As in the rich people that are not social media celebrities or trust fund babies. Like, I don't know if you necessarily. And this. I'm, you know, I'm, I'm generalizing here, so hear me out. I don't know if she actually knows business. You don't want your kids to have the ideologies of say, a Paris Hilton.

Don't know who that is. Sorry.

Okay. Well, her father owns Hilton hotels and she was just kind of a trust fund baby. She had a reality TV show for a while. So when you say the ideologies of rich, some people might be like, so trust fund babies, but you're saying the ideologies of the rich that are still actively involved in building businesses and being a part of their community.

So I would push back on that because Paris Hilton, whoever. This person.

Girl. Yes. I'm just surprised you don't know who that is.

Sorry.

Interesting. So I would say that she knew enough from being in a rich family to not go and perform in her local studio, but rather to make a TV show. Like someone that was poor and had her level of skill, for example, or even more skill, they would probably go do something small. She had the resources. Yes. But also the ability to realize that being on TV was better than the radio. And the radio would have been a cheaper option to go For. And yes, she was given the resources to be able to jump to that level, but she didn't choose the. To go to the radio. And so I, I just. Yes, I agree. The resources in that case probably unlocked a lot of things for her. And so what, What? So like you saying that she didn't deserve.

What you're saying is. No, I'm not saying anything about her specifically. I'm pushing back on the comment that you want to transfer the ideologies of the rich to your kids if you.

Want them to be rich. Right. If we're measuring simply economic success. Right. What made you rich, you should pass along to your kids.

But you are talking. I guess what I said is you're talking about rich people that we don't know about, not celebrities.

Oh, I see.

You're saying that's what I'm getting at. Because there are so many rich people that we. Like myself.

Yeah, but they might have got rich because they're a celebrity. Right.

But like a middle class American like myself and others that are listening to this can think of a lot of rich people off the top of head that they would never want their kids to be like.

Okay, so you're saying what ideologies of the rich do you want to pass down to your kids?

I'm talking about economics. Like, yes, like all the other stuff. Like that's whatever.

Yeah.

I'm just saying if you want them to be rich, you will pass that knowledge along to them.

Yes.

And they will be in environments that being rich is commonplace, normal. It's not surprising. And that's what sets them up for success. Now, in terms of all the other baggage that comes along with it.

Yeah.

There's a bunch of garbage and then you probably have a bunch of therapy and all the rest of it. But just from an economic standpoint, that's what I'm saying.

Yeah. All right, fair enough.

Your point's valid.

I just want to clear that up because I feel like if you just quoted that, if you clip that Mike Andy said he thinks the most important things he can give his children is the ideology of the rich. I can see if I want to.

Make the money, I could see someone.

Like super cutting that with like all these.

Yeah. But it'd be the same thing as saying, like, if, if I wanted to make my kid an absolute stud and of an athlete, what should I do as an athlete, I should pass everything I know, athletics to them. And so if you want them to be rich, if that's the goal and you are rich, don't give them the money. Right. You know, don't give them the money. The trophy, like. Yeah, see, now you're successful too. No, like, go give them the discipline required. Give them the tools and the knowledge required to get what you have.

Right. Don't just give them the assets, is what you're saying. Yeah, the, the ideologies over the assets.

Yeah, yeah.

And I think what I. When I think of rich people, my mind will typically tend to think of those who just have the assets.

Right.

That's. Would you agree that our society reduces rich people to those that have the assets? I mean, that's the definition of rich.

Yes.

Right. So it's hard to. For, for a lot of people, I'm speaking generally here. Probably draw a line between asset rich and ideologically rich.

Okay.

Does that make sense?

Yeah, I see what you're saying.

I'm not saying we're at an impasse, but I think that people would poke holes in the ideologies of the rich.

The ideology of the rich made them rich. Whether or not that made them a nice person.

That'S inconsequential in this context. So I would agree. Being rich has a lot of negative consequences, especially to second generation kids. But if you want to make them rich, whatever you did to become rich, like the grind, the hustle, the dedication, pass that along to them and they will probably do the same thing.

Yeah.

And they'll probably get a whole lot of other baggage because they were handed to. To them a lot easier. Yeah.

Now back to your hypothetical kids, your fake kids. Are you, Will you give them some assets? Are you kind of like a.

No, I, I haven't thought about it.

Yeah, no, fair enough.

Yeah, I don't think about this.

I'm sorry.

You know, I'll think about it one day.

Yeah, totally, totally. All right, fair enough. Cool.

I definitely won't give them money. Like, definitely not. Cash. Mercy goodness is the last thing you want to do. Yeah.

Some bonds.

I don't know. Let me think.

I would. Yeah, it's tough. I've seen so many businesses that are multigenerational where they groom their kid up to basically take their spot. And those work really well sometimes, but then other times they just fall apart, like massively. Like, like third generation companies are really tough. They usually don't have a very good track record. So. And I wouldn't want to like impress on them that they have to be that too for me. But it would be cool to see like your prodigy take over what you've done. That would be Cool.

Like Sam Walton. I think we agree that he did it successfully.

Yeah, yeah. And then everyone hates his kids.

Well, yeah, of course.

Yeah, of course. Of course they do.

That's what I'm talking about. They don't like his kids because they just see his kids, people with assets. They did nothing, but they have the ass.

They got it. Yeah. They just got handed to them, which I don't.

I'm not saying they did.

Yeah, yeah. And so, but a lot of times if you're being handed the reins of something, it's good that you have climatized to it. And so the kid has already climatized, like to the business, to having the money, having the jets. Like it's not like a new thing all of a sudden. So sometimes it works honestly. And that's a good example of like a good case of Sam Wilson passing it to kids and it still works. So whether or not it can go to the third generation, that's. That's a different story. That's going to be tough.

Yeah, Fair. All righty. Well, we're kid heavy today, apparently, but, but not really. We talk about education when we talk about our kids. Okay, so Jordan Peterson.

Okay.

Somewhat of a, of a character that really can draw some differing opinions.

Okay.

What is polarizing, deferring? What, what did you think of when, when I say the name Jordan Peterson?

A very intellectual. Yeah, yeah. Very intellectual.

Yeah. So Jordan Peterson used to be a teacher at, I believe, Harvard, a high level school in Toronto. He's had tenure in different, very, very, very high level.

Traditional educational schools and universities. He has recently announced. He announced, I believe on the Joe Rogan podcast that he is launching the Peterson Academy. So Peterson Academy.com because he has been very vocal about the flaws that he sees in the modern educational.

Bodies that, that exist, primarily the universities. So he just released this, and this is a brief, if you will, on his website, peterson academy.com so new video courses every month. Expert taught eight hour courses by professors from Harvard, Cambridge, Oxford and more. So he brought in these professors and I listened to the podcast that he did with Joe Rogan to get more information. He basically said, we vetted these people that have very, very, very, very, very high levels of intellect and specialization. And we said, unlike Harvard, Cambridge, Oxford and all these schools that you have all taught for and had tenure with, at Peterson Academy you get to teach, period. You don't have to say certain words, you don't have to get to a certain point at the end of every lecture. You literally get to teach. So they Take pretty much all the reins off of these experts to allow them the freedom to teach. And they did it in these really cool setting. So I could put up a screenshot. But basically the idea is they do have live students to make it feel like more of a classroom effect. And then it's shot in this giant warehouse that's all white walls. And then they can put graphics and like slides on the walls to make the course almost like more interactive and like fill the whole background with like pictures and images and things of that nature. So the long and short of it is he wanted to create a more cost effective way for people to actually receive an education, if you will. Right now the pre enrollment, if I'm not mistaken, I think is like 6. 99 a year. So that's if you enroll now, it's obviously price.

That's not horrible.

Obviously pricing will go up. Let me see if I can find it. It's listed somewhere. I think it's like six. There it is. Oh, 449, 450 a year. So that's pre enrolled. So I think maybe it's going to go up to 699 a year.

Interesting.

But it's 450 a year if you pre enroll. And this is a sampling of the courses that they've already shot that are already recorded. I can put a screenshot up, but Introduction to Nutrition, Intro to Psychology, Plato, Symbolism and Christianity, Psychology of Social Status, Economics of Human Flourishing, Postmodern Philosophy, Intro to Cosmology, and a bunch more. So you described him as very intellectual. He's launching his own academy. What are your thoughts on this as kind of a.

Different option to traditional university?

I just, I'm just not smart enough, dude. I'm sorry, I don't, I don't get a lot from that sort of stuff. Yeah. If it doesn't make me money, I check out pretty fast.

Yeah.

And so like cosmology, like, look, I'm sure there's a lot of really important stuff up there. I'm just not probably going to be up there anytime soon. And it's not going to affect my life. Yeah. And so I, I really like when he talks about like family stuff. He talks about relationships, he talks about Christianity. But like when he goes so deep, I'm just like, I'm sorry, I'm lost. Dude. I'm just gonna be honest over here. Like even him talking to Elon, like there were so many elements where Elon, like, like you like, come on, Eli, you don't know what you're talking about. Here, this is way beyond your level. And it's because the guy's a doctor of this stuff. Yeah, yeah. But anyways, I think it's awesome. I think it's fantastic. Like, I'm seeing a couple in here that I do. I do think are cool. Like the boy crisis. Neuroscience, I would like. Nutrition, I would like. But like, a lot of these, I'm just. Just over my head.

Yeah.

So fair enough.

Yeah, I just think it's a cool concept. I think, you know, there are a lot of online courses out there. But I like that this is. It's different than an online course. Like, it is an online course. I'm not gonna argue for or against it. I think the reason I like it is that he's basically taking former colleagues that he knows are literal field experts. And at the top, like, I don't know if this is their slogan, but I guess it's education devoid of ideology. He said, I brought these people in to teach, period. They don't have to say certain buzzwords. They don't. They're not going to teach within a political framework. They're going to teach on this topic and give you as much information as humanly possible about this topic.

See, I wish the same thing would be. Could be made for business. Business. But like, every good business owner or business person has a value attached to it. Right. Like, and be hard. Like, in this case, he has the eyeballs to be able to get all these experts together and pay them very well to be able to make this happen.

Like, you just. Man, I just wish something like this was a business. Like, I'd say the closest thing, like, is what Alex is trying to do with his books and, like, with their education side of things. But it's more. A little more higher end. Like $5,000 to go to their workshops and things. If he made something like this, I think it'd be pretty cool. But again, in the business community, this would be very much looked down on because you're monetizing the information and there's just so much scam around that. And so there hasn't been a lot in this field which is like neuroscience and psychology and that sort of thing. So he'll crush it. They'll make tens of millions of dollars on this, which is fantastic. I'm glad. And I think it'll be really good quality education for that realm. I'm just not super interesting. So nothing against the topic, though.

Yeah, totally. So, yeah, I honestly thought about it. I was like, I wonder if I could just do it For a year and like cancel, you know, just to like get a taste of it. Yeah, but they actually have like, there's. There is like legitimate homework for this. There will be final exams.

Can you watch some of these?

Yeah, yeah, yeah. I mean, you want.

Yeah, open one up.

Which one, which ones do.

I don't even know how to say that. But like click on that.

Nietzsche.

Nietzsche, what does that mean? Oh, dude, that's. Is that a real building? Yes.

It'S a real studio. But it's a warehouse.

Yeah, it's like a studio. Oh, studio in like a warehouse.

Got it.

But like that wall is real.

Oh my word. Oh, this is shot.

Well, history of the 20th century. Yeah, he sped. He said that they. I don't know if he said hundreds of thousands or millions. He said we spent massive amounts of money on production.

Yeah.

He's like, we want you to get your money's worth. Yeah.

Yeah, that's pretty good.

Oh, this is. Okay.

So they can do those edits behind him.

That's pretty cool. See like even like what I did with the courses of like MBA for entrepreneurs, I liked one day like make an actual MBA and just make it for free.

Yeah.

And I like to have enough money to where I could actually hire the best accountant, the best attorneys and then I would pay them and then just make something like this. Yeah. And like this is my gift to give on.

Yeah.

People. And you know, again, very inspired by what Alex has done with like free. All his core stuff is free and etc. But to be kind of doing a very high production level, like this is pretty cool.

Yeah.

So yeah, good for him.

Yeah, it's pretty cool. And I thought yeah, for like the. In my opinion, low price, 450 for a year pre enrolled. You get access to all of it. So it's not like you pay per course or pay per credit hour. But that was one thing that he said they are trying to work with certain governing bodies. He said we don't necessarily really care in the sense of having a piece of paper to prove that people actually took these courses. But he knows that it holds value to the people that are enrolling to say, yes, I passed, you know, I passed the Intro to Nietzsche course. Jordan Peterson. And they're working on getting some sort of certificates, not necessarily getting accredited or accreditation, but some sort of certificate to say like you actually put in the time, the effort, the hours though, dude.

If we could make something that was accredited, like your actual mba. Yeah, dude, I'd be fired up, dude. If I had like, if I even take. You would need probably at least 20 or 30 million.

But dude, I would love to do that. I'd like to be like, just like, you know, forget regular education. I'm going to make the best MBA you could possibly have. Like go try to top this at Harvard and then just make it for free. Yeah.

So let's say your current MBA for entrepreneurs compared to a true MBA program.

Oh, mine hasn't touched it because it's just like the depth that you get. Right.

But what I'm saying, yours compared to a traditional MBA program.

Well, I'm not an expert in any topics. I'm giving like a very high level view for small business owners. Right. But if I actually want to compare apples to apples, another MBA program like, you just don't go. I don't go as deep. I'm making a 30 to 60 minute segment on balance sheets in my current course.

Yeah, Yeah.

I, you could spend a whole quarter on that in, in an MBA program with accounting and so. But I would, I would like it to be where it's like you don't, I don't do all the teaching. I would do maybe some elements of like entrepreneurship and things. But like I like to bring the best attorneys in, the best accountants, the best banking. Like you could bring in like absolute stellar people into a really good environment where the production was like off the charts like they've done. And then just give it away.

Yeah, yeah.

Like that, that same education would be, would be warrant of hundreds of thousands of dollars at say, Harvard. But I'm going to beat it out with better, even better professors. Like, that'd be sick. Yeah, yeah, yeah. Forget you and your Harvard person. I'm going to bring like the CEO of like a previous company, like Netflix.

Yeah.

I'll give them a million bucks to come do the course.

Yeah.

So anyway, sorry.

No, that's cool.

I digress.

No, I like that I get you hyped up because I feel like that's probably how Jordan Peterson felt about these topics.

Yeah.

So very cool. All right, last thing I have on the docket for today.

Yeah. Before your computer dies, dude. Yeah.

Is the metal count.

Oh yeah, the metal count.

The Olympics. Yes.

The US Is crushing.

Yes. So current metal count right now as time recording is United States. 103 total.

You have only one more gold than China.

Yeah, only one more gold than China.

Like what sport do we ever count? Second and third places.

Yeah, I mean, I agree with that. Oh, we got three in gymnastics, athletics. Nine in athletics. Well, what's, what Is athletics. Oh, so that's like running. Yeah, yeah, A lot of like the track.

Field.

Track and field. Thank you. All right, we got one and two in different cycling.

We got a bunch.

Two in fencing. Nice. Eight in swimming. Yeah. Well, shout out Katie Ledecky. There it is, dude. Yeah, Katie's got a bunch. So. Yeah, Team USA is crushing it right now. Nothing's really come out from the Olympics. There haven't been any big stories.

Yeah.

I did take a couple screenshots of some random stuff that I thought might be interesting to talk to you about, but I'm assuming you haven't watched much of the Olympics.

No, no. The only one I saw that was pretty cool the other day was the guy that. The 400, the 100 meter dash where he, like at the last minute, like he came like. It was so close, that one. And the 400 meter, the 100 and the 400 meter. I watched those two. Yeah, the 400 meter was the one where he came back like at the very last. From like 10 yards back.

Yeah.

And. And one. That was crazy.

Dude. This was one screenshot of an Olympic moment I wanted to share with you because I. I thought it was very interesting. So this is a 51 year old Turkish Olympian. He was doing the shooting sports and.

Oh, they got the hand in the pocket.

No. Specialized lenses, eye cover, ear protection. And he got silver metal.

That was fire. I love.

Absolutely insane.

Dude, there's so many good memes on that.

Yes, there's a million memes on it. But I thought. It's also interesting that sometimes it doesn't, like the gear doesn't matter. Like, I. I feel like you can make a cool analogy to business with that. I didn't know what it would be, but it's like, you know, it's not the trucks, it's not the equipment, it's not this, that or the other. It's like the execution. Yeah. And like he could stand there with no special gear with his hand in his pocket and still get a silver medal. Yeah, like, I don't know. I thought that was kind of cool. That was the only thing in the Olympics that's like stood out to me was that he just. He's a master of his craft.

Yeah.

Doesn't need all these special things.

You got no recent divorce. Did you hear about this? No, I didn't.

I didn't do a deep dive on the guy.

Oh, yeah, he was it.

He.

He got recently divorced and he was like, happy to stick it to his wife kind of thing because now he's getting all this attention.

Oh, that's funny. So, yeah, the US Is just dominating Olympics like usual. But, yes, we only have one more gold in China, the People's Republic of. And then. Yeah, it's just kind of all over the place, so. But that's. That's all I got.

Non.

Financial advice, not financial advice. Here's one. Okay. So this is. This is a new one that my wife and I just came up with.

Okay.

Now, you know this isn't parenting advice. I want to be clear. Clear on that.

All right.

It is relationship advice, slash, travel advice. But now that we have a child, we travel a lot. My wife's family is out of state. We also traveled this weekend, and I came up with a new philosophy that my wife and I are going to hold to.

Okay.

If we are traveling to do something that is specifically around family, whether it be my family or her family. Yeah. The first night of that trip, we are not going to go see family. We're gonna go do our own thing.

Okay.

That way it settles you and kind of your relationship, your family. Because when you go and visit family, it's usually instantly like, update us on this. How's this going? What's going on? Like, let's go get dinner. Let's do this fun thing. Let's have this event. Right. Versus. Okay, we're traveling. So let's take the first 12 to 24 hours of the travel to just do our thing, and then we'll go on the vacation. So it's a new philosophy.

I have never thought about that. Oh, it's awesome.

Oh, it's great. That's what we did this last trip. First 24 hours, it was just my wife and my son and I.

Okay.

And then we were in a. My parents rented this huge cabin on the lake. It was super awesome. But we were in a giant cabin with, like, 12 other people. So it's just chaos.

Yeah.

But we took the first 24 hours to, like, get on the same page, be a team. And then. And then we went to the chaos.

So. Wait, but you were in the same cabin?

No, no, no. Oh, my wife and I. The first night, we went somewhere else.

Oh, okay.

And then we met everyone. Wow. Yeah.

Wow.

It's a move. It's a. Tell you. It's. Dude, it's nice.

Did it cause some family drama, though?

No, not at all.

Really?

Well, no. So we. We traveled the day before everyone else was traveling.

Oh.

So my whole family was meeting on Sunday. Oh. We went and spent a Saturday night somewhere near where my family was meeting up. Got it? Yeah.

Okay.

It's a good move.

Okay.

See, like, you know, you're not married. You don't travel for family. It's, it's, it's a. It's intense.

Okay.

Traveling and doing family vacations is intense. I mean, I'm sure you've done those.

Yeah.

But it's different when you, when you have a wife and now a kid.

Yeah.

Like, it's very chaotic.

Yeah.

So we have a new rule if we're traveling to do a family specific thing. First night, we're gonna do our own thing. Okay. So, like, we're thinking about traveling to Tennessee for Christmas.

Yeah.

I was like, let's just like spend a night, 24 hours in Denver. I was like, I've never been to Denver. Let's just do it. She's like, okay, so we're gonna go to Denver for 24 hours, then we're.

Gonna go to Sarah. For Sarah to put up with all your shenanigans.

She's on board.

She thinks it's a good.

It's her idea. She's all on board. That's my financial advice. If you're married, you got kids, you travel and see family, it's always chaotic. Take a night before. 12 to 24 hours.

There you go. Yeah. My non financial advice is run stairs. Oh, yeah.

Yeah.

If you, if you're not in super good shape, just do double stairs. So like two at a time, but just walk it. It's gonna be more of a hamstring butt workout. Your butt will be completely wrecked the next day. And then if you like cardio, then just actually run up and down the stairs. Just, you know, you have good thick shoes, otherwise your knees will hurt. Yeah. But it, it's the best workout ever.

So I like it.

That's all I got.

That's the podcast.