Impaulsive with Logan Paul - E131 IMPAULSIVE’S FIRST BILLIONAIRE： TILMAN FERTITTA - IMPAULSIVE EP. 131

00:00:00.260 Breaking story from Alpine News Network.

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00:00:30.520 Lisa, tell them about our new show.

00:00:33.060 We have a new podcast.

00:00:34.480 It's called Don't Lie to Me.

00:00:35.860 I'm Lexi Iwanu.

00:00:37.020 We're two best friends, 22 years apart, but so close at heart.

00:00:40.980 And I'm Lisa DiGiulio, the old one,

00:00:43.160 which means we have wildly different references,

00:00:45.600 occasionally different opinions.

00:00:47.020 And at this point in my 50s, I've lived it all.

00:00:49.840 Now in my 30s, being the founder of New Shoes,

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00:01:30.000 Hi, this is Kylie Brakeman, Angela Jaritana, Jeremy Culhane, Patrick McDonald, and we're

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00:02:12.420 What's the most expensive thing you've bought for yourself as a recreational toy, like a Bugatti, for example?

00:02:19.560 Probably the Bugatti, right?

00:02:20.620 No, probably the Houston Rockets at $2.

00:02:29.320 east london wherever that's where it's at oh god is it gonna be a repeat he's like fine he's like

00:02:37.560 why do they keep putting you in the ends mate it's fine this podcast will be out after the uk press

00:02:42.660 conference so if we're no longer around we love you guys and enjoy the last impulsive episode ever

00:02:47.980 welcome back to impulsive by the way the number one podcast in the world hit that subscribe button

00:02:51.600 we're coming up on 2 million subscribers we love doing the show we love people who listen to the

00:02:55.600 show overall just lots of love and people yeah hey how you doing i'm doing good i got this chain on

00:03:01.000 i saw it's funny thing about that chain for those of uh you who have not followed the past couple

00:03:05.820 episodes it's gonna be a good one today first off our first billionaire on the show which is a big

00:03:10.680 deal but aaron carter was uh gracious enough to get to give me that chain well trade me that chain

00:03:17.060 for my impulsive chain the problem is he's he's been having some beef with uh adam 22 after he

00:03:23.060 went on adam's podcast it's just a big mess right now like he's got your chain adam's got his chain

00:03:29.120 you got aaron's chain yeah now i got aaron's chain and so and so aaron rolled up on adam

00:03:34.980 yesterday at no jumper studios by the way by the way with his new face tat and i don't know if you

00:03:41.160 remember on our show i was like hey man like you need a face that he's like no i don't need a face

00:03:45.000 to show i'm hard next day gets a full face tat it's almost like he's easily swayed by by it is

00:03:51.780 almost like that but i have the footage here i want to roll it because uh aaron attempted to go

00:03:56.060 on no jumper and settle his beef or something your chain is the other way hey there we go now 0.97

00:04:00.160 it's good all right i'm good trust me i'm good so i'm wearing a fucking i'm wearing your chain 0.96

00:04:04.480 and you show up and you're wearing logan paul's chain yeah how does that work yeah well why was 0.99

00:04:09.400 he fucking way way cooler than you were after your second fucking podcast oh shit why do i 1.00

00:04:15.340 gotta watch a podcast with your fucking ass and then be like no no no hold on hold on this is 1.00

00:04:19.900 air out the grievances yeah no listen i'm good i get that you're used to everyone coming on here 1.00

00:04:25.960 and freaking out yeah okay okay but i'm not here to do that what do you make of this mike

00:04:31.520 i i can't put my finger on what's happening bro like i can't when he came on our show

00:04:37.760 a lot of people have commented a lot of people by the way wanted a full breakdown

00:04:42.120 of our show what happened why was mike so quiet i was quiet out of respect of a guest 0.92

00:04:48.960 who i i say this as nicely as possible aaron's a great kid he's been through a lot of shit but

00:04:55.620 i was being respectful to a guest who has clear mental things going on he's got some some stuff 0.75

00:05:02.060 going on right now and he'll say he doesn't and and whatever but he went on adam's show and adam is 0.95

00:05:07.440 the master fucking troll bro like adam he said he was sponsored by tunes audio and asked adam said 0.94

00:05:13.740 but are you sponsored by andrew yang though and started bringing the presidential candidate into 0.99

00:05:18.320 who Aaron thought was a basketball player.

00:05:22.200 I don't know.

00:05:24.480 You don't know.

00:05:25.500 I mean, who does at this point?

00:05:27.240 God.

00:05:27.860 Yeah, there's just a mix up of chains

00:05:29.460 and we thought that was interesting.

00:05:30.640 Turns out, by the way, this one is real.

00:05:33.580 Well, the diamond is.

00:05:34.980 The diamonds on the diamond is real.

00:05:37.400 What's that rapper face you make

00:05:38.440 when you hold your chain up?

00:05:39.760 Yeah, you got to put one lip up higher

00:05:41.440 than the other and show your teeth.

00:05:42.780 That's hard.

00:05:43.680 It's worth about 6K.

00:05:45.300 The impulsive chain was worth about $15,000.

00:05:48.360 We lost 10K in a trade, but it's okay.

00:05:50.740 We'll do it for the art.

00:05:51.540 We'll do it for the trade.

00:05:52.760 What else is going on?

00:05:53.660 I noticed you're a little angsty today.

00:05:56.160 Angry.

00:05:56.840 Angsty.

00:05:57.540 Both. 0.99

00:05:58.060 And by the way, who the fuck are you to tell me otherwise? 0.99

00:06:00.080 No problem. 0.99

00:06:00.860 I woke up.

00:06:02.000 Huh?

00:06:02.860 Am I going to go out with Kylie Jenner?

00:06:04.600 Do you want to know something funny about that?

00:06:05.820 So let's talk.

00:06:06.280 So Kylie and Travis supposedly broke up.

00:06:09.360 Is love real?

00:06:10.980 Does love exist?

00:06:11.740 You know, every time like a celebrity couple breaks up, people are like, there's no hope.

00:06:16.020 Because there's no hope. 0.97

00:06:17.220 Cause nothing ever told me that fucking Travis Scott would ever have a 0.99

00:06:20.740 problem. 0.99

00:06:22.080 His last album,

00:06:23.020 he said,

00:06:23.300 he don't pick,

00:06:23.820 he just choose.

00:06:24.980 He was already married to her. 1.00

00:06:26.380 The fucking kid brother, 1.00

00:06:27.640 dude. 1.00

00:06:27.880 Like, 1.00

00:06:28.880 damn, 0.99

00:06:29.060 I thought they were going to go the distance. 1.00

00:06:30.460 I was imagining them in an old people's home together. 1.00

00:06:32.560 It's sharing fucking tea, 1.00

00:06:33.760 dude. 1.00

00:06:34.140 Yeah.

00:06:34.580 I know.

00:06:35.020 I'm not going to go after Kylie.

00:06:36.500 Do you know,

00:06:37.100 I did the food gods podcast,

00:06:39.580 uh,

00:06:40.020 which by the way was on this set,

00:06:41.340 which I thought was interesting.

00:06:42.380 But in it,

00:06:43.240 I asked him cause he's tight with the Kardashians.

00:06:45.540 I said,

00:06:45.900 Hey man,

00:06:46.280 like you,

00:06:46.600 like just be honest when you think i got a shot with kendall that's all i said he's like nah man

00:06:51.380 like kendall's way low-key like you can't go on a date with her then go like skydiving off the

00:06:54.880 everill tower and it got picked up by so many publications at least 15 yeah shooting a shot 0.99

00:07:02.940 with kendall i'm like you fuckers bro i'm not shooting my shot all i did was ask a question 0.98

00:07:07.960 so no i've ruined all hope with any single jenner for the rest of existence except maybe brody saw 0.99

00:07:14.000 him in a club i go that's my guy talks for like 20 minutes then mike told me it was brody jenner

00:07:18.800 i go up to him i go do you know who you're just talking to for the past 20 minutes like yeah he's

00:07:24.240 like no no no no you go you go yo what'd you say to brody i was like i'm sorry what 0.97

00:07:27.580 what's your social brody i'm like fuck is brody dog you're like brody jenner i was like 0.98

00:07:34.260 who the fuck is brody jenner nah brody i mean he was way cool that's why i talked to this dude 0.99

00:07:40.880 who i didn't know for 20 minutes which was awesome i just missed the intro someone was like hey i 0.98

00:07:45.460 want you to meet my friend like that the name faded out but um yeah no uh kylie uh kylie's

00:07:51.820 she's she's a girl what who do you what do you think's gonna happen with that you think she'll 1.00

00:07:56.060 just stay single for a while and just do the single mom role tricky now that she got a kid huh 1.00

00:08:01.020 ah does that does that degrade her stock uh no because she's a billionaire 1.00

00:08:05.980 and part of the Kardashian.

00:08:09.340 Do you think it's going to degrade your stock

00:08:11.040 when you have a single kid?

00:08:12.680 No, I think, see, I think it's going to go way up.

00:08:15.460 Single dads or single young dads are popping.

00:08:18.740 Well, they're not, but I'm going to make sure they start. 0.74

00:08:20.340 Yeah, because I was just going to ask by popping,

00:08:21.760 like, do you have maybe even one example?

00:08:24.400 No, but it won't be the first time I've trailblazed.

00:08:30.060 Yeah, exactly.

00:08:31.000 I really want to get back to this anger thing, though.

00:08:32.900 Are you okay?

00:08:33.420 Because you were coming at me this morning.

00:08:35.980 I woke up really early today.

00:08:38.060 I woke up at like 7.30 0.99

00:08:39.080 and I've just been on fucking phone calls, bro. 0.98

00:08:41.860 I got this collab with FaZe Clan 0.98

00:08:43.420 that no one knows about coming up.

00:08:45.160 Like you personally, like, hey, Big Mike collab?

00:08:47.060 Nah.

00:08:47.480 Are you joining FaZe Clan?

00:08:48.360 It's a brand thing.

00:08:49.260 You play video games?

00:08:50.140 I'm thinking about playing Fortnite professionally.

00:08:51.920 No, it's like a brand thing.

00:08:53.220 And it's just calls and then emails.

00:08:55.480 And then I was editing the night shift

00:08:56.740 because my editors...

00:08:58.520 It's okay.

00:08:59.000 Hey, take a deep breath.

00:08:59.760 Take one.

00:09:02.000 I don't mean to be mean.

00:09:03.500 I don't mean to be mean.

00:09:04.400 You didn't take a deep breath, bro.

00:09:05.980 Do it with us if you're listening to this.

00:09:08.560 Deep breath in through the nose.

00:09:11.600 Out of the mouth.

00:09:16.220 If you could go back in time and play video games and become a professional video game player and make a bunch of money, would you do it?

00:09:22.380 Because that's like, I mean, that industry is just booming right now.

00:09:26.360 I just never was that good.

00:09:27.940 But I'm saying if you practice.

00:09:29.500 You watched me play Call of Duty the other night.

00:09:30.900 I've never seen you get a kill, ever, ever.

00:09:33.300 And by the way, this is how I know it's bad.

00:09:35.980 because you you have like somewhat of an addictive personality and this is how i know it's bad because

00:09:40.240 mike just randomly will disappear and all of a sudden i hear like guns and shooting noises coming

00:09:45.280 from the corner of the house and i go in there and mike's just like zombie mode playing this video 0.96

00:09:49.240 game on a stool for hours at a time over bro who the fuck plays video games on a stool i did it 0.95

00:09:57.680 for like what kind of comfort position is that i did it during that guy especially when you're 0.96

00:10:02.300 the love sack guy i did it during the beta for uh modern the new modern warfare game because it's

00:10:07.440 for three days and i just got stuck bro i was like glued to the screen but it became almost like a

00:10:12.340 like a little escape for me bro like i because that's why i'm mad today because i haven't blown

00:10:17.380 off any stress i haven't even had time to see a girl can't say the same for you yeah you piece 0.99

00:10:22.640 of shit i told you last fucking night bro he was like i'm gonna have a i'm gonna have so and so 1.00

00:10:27.880 over and I was like bro don't do that it's a bad idea girl comes over brings a fucking giant dog 1.00

00:10:34.040 with her the dog comes in gets in a fight with his dog he's like no no no man it's all good it's chill 0.98

00:10:38.800 it's chill dog fights there's blood everywhere and he's like let's watch band of brothers 0.91

00:10:43.440 fucking bazookas firing at tanks I'm like how is any of this in line with you're supposed to be 0.91

00:10:49.160 relaxing after 10 p.m. and then the girl just comes in locks her dog in the downstairs room 1.00

00:10:54.500 And the dog's crying.

00:10:55.420 Where's my owner?

00:10:56.660 Speaking English.

00:10:58.920 It was just a mess, bro.

00:10:59.940 Big L's last night.

00:11:00.760 Big L's last night.

00:11:01.440 Big W's this morning, though.

00:11:02.780 I'm not going to lie.

00:11:03.820 Sick sparring session, bro. 0.93

00:11:05.400 I'm the white Muhammad Ali in there. 0.95

00:11:06.840 I swear to God.

00:11:09.260 KSI, watch out, bro.

00:11:10.220 Coming for you. 1.00

00:11:10.800 UK, London.

00:11:12.200 He tweeted.

00:11:12.720 He said, he tweeted about it.

00:11:14.380 He said, don't go crying off the stage this time.

00:11:16.560 And I was about to tweet back and be like, I wasn't crying.

00:11:18.220 I was sweating from my eye.

00:11:19.320 But that's not true.

00:11:20.060 I wasn't even crying. 0.99

00:11:20.700 I was just like, I was just being a little bitch. 0.97

00:11:22.320 I feel like it's because I wasn't there. 0.98

00:11:24.500 No, I think I was just having an off day.

00:11:27.520 Like, I have, like, two off days a year.

00:11:29.520 They call you on one of them?

00:11:30.760 Yeah.

00:11:31.200 He's here.

00:11:31.720 He's here.

00:11:32.560 Our guest is here.

00:11:34.100 Quickly, before we bring him on, I just want to address one other thing.

00:11:37.000 Speaking of off days, you guys have a group chat in the house called Everybody Except for Logan?

00:11:43.280 Yeah.

00:11:43.680 Oh, what?

00:11:45.260 Yeah. 0.99

00:11:45.780 It's kind of fucked up. 0.99

00:11:46.500 It just keeps him out of the equation. 0.99

00:11:49.180 You know what I'm saying?

00:11:49.660 Because here's the thing.

00:11:50.480 people make decisions a lot of times based on you know who's watching and anytime you introduce 0.69

00:11:56.820 you know the boss to the fucking mix people act different people act up like andre will act a 0.82

00:12:02.660 certain way chef katie will act a certain way because logan's there when you remove logan from 0.97

00:12:06.600 i get to see everybody's real side our guest is here dude all right by the way he's lit ladies

00:12:12.420 and gentlemen our guest today is the first actual billionaire we've had on the show he's the star

00:12:17.140 of billion-dollar buyer on CNBC.

00:12:19.060 He's the owner of Mastro's Catch,

00:12:20.320 Bubba Gump, Delos Caminos,

00:12:21.700 and many more restaurants.

00:12:22.980 He also owns the Golden Nugget Hotels and Casino

00:12:24.980 and the Houston Rockets.

00:12:27.120 His new book is called

00:12:27.860 Shut Up and Listen,

00:12:28.680 Hard Business Truths to Help You Succeed. 0.98

00:12:31.000 Ladies and gentlemen,

00:12:31.620 it's Tillman Fertitta.

00:12:37.820 What's up, brother?

00:12:39.480 Hey, man.

00:12:40.400 Good to have you.

00:12:41.120 Good to be here.

00:12:41.500 Welcome, dude.

00:12:42.660 He just walked in,

00:12:44.000 so how's the sound and everything?

00:12:46.340 Everything's great.

00:12:47.060 It's all right.

00:12:47.640 Yeah, we're good.

00:12:48.340 Cool.

00:12:48.860 Hey, good to see you, man.

00:12:49.760 Good to see you guys. 0.95

00:12:50.980 Hey, I was boxing, son of a gun, you. 1.00

00:12:53.960 I might come back to L.A. just to see that shit. 1.00

00:12:56.480 You should. 1.00

00:12:57.300 You absolutely should.

00:12:58.280 November 9th, Staples Center.

00:12:59.700 I saw it.

00:13:00.620 It's going to be crazy.

00:13:01.280 We're training so hard.

00:13:04.960 I've been saying it sort of as a joke, but I notice every time I'm on camera now, I get a little worse and worse.

00:13:10.540 I'm not even a YouTuber anymore.

00:13:12.180 I'm a boxer who kind of sort of does YouTube now.

00:13:15.760 Let me tell you something.

00:13:16.920 be a two hit wonder instead of a one hit wonder. Okay. I'll tell you something. Very few people

00:13:22.160 get to succeed at different things. And, and, uh, for you to be doing this and then say,

00:13:27.140 you know what, I'm going to go conquer that. Let me tell you something. You told me everything I

00:13:31.040 wanted to know about you. You're my kind of guy. Hey, let's go. Okay. But I have a question for

00:13:34.960 you on that note. Oftentimes I wonder if my versatility takes away from the overall goal

00:13:40.800 of being the best. Do you believe that you're able to spread your talent into different buckets

00:13:46.500 and still be successful, ultra successful in each one?

00:13:49.700 Absolutely, I do.

00:13:50.900 I feel like not only, and does Forbes call me the richest restaurateur,

00:13:56.940 but I have a very successful gaming company.

00:13:59.440 I have a great basketball team, and I think you can do it all.

00:14:03.180 I mean, absolutely I do. 0.99

00:14:05.060 So don't even think about that crap. 0.99

00:14:07.160 You go do something else too, okay? 0.99

00:14:09.020 Because obviously you're doing both of them damn well right now.

00:14:12.300 So have at it.

00:14:13.100 That's a fact. 0.52

00:14:13.640 You said be a two-hit wonder.

00:14:15.040 I think his question is, at what point have you too many wonders?

00:14:19.720 Like, what if he's an 86 hit wonder?

00:14:22.640 Well, he ain't going to be.

00:14:24.340 You know, if you could do two or three good things at once,

00:14:28.400 that's all you can do.

00:14:29.600 I mean, let's be honest.

00:14:30.540 I mean, we can only handle so much.

00:14:32.400 But just like right now, it's hard doing everything.

00:14:36.060 But you could easily box and do this show.

00:14:38.660 How are you managing all the things that you're doing?

00:14:42.900 Because it's a lot.

00:14:43.720 I mean, even just in the intro, I said like 10 different things,

00:14:46.340 and it didn't hit me that you own a basketball team until he goes,

00:14:49.620 you know, I got a great basketball team. 1.00

00:14:50.940 I'm like, holy shit. 0.99

00:14:51.580 Throws it in last minute. 1.00

00:14:52.500 This man really owns a sports team.

00:14:55.120 It's great, and that's probably the greatest pleasure of them all,

00:14:57.660 to go to those games and watch them, especially a team in your hometown.

00:15:01.760 Very few people get to own a team in their hometown.

00:15:04.380 You're from Houston?

00:15:05.340 Yeah, from Houston.

00:15:06.080 Oh, that's amazing.

00:15:06.640 Is your favorite burger joint Whataburger?

00:15:09.080 I grew up eating Whataburger.

00:15:12.080 That's just what we did.

00:15:13.260 it's just amazing uh it's just amazing and there's i know out here it was for you guys what in and

00:15:19.200 out burger in and out shake shack i'm from the east coast so shake shack was sure me five guys

00:15:24.420 ohio yeah five yeah but shake shack's new i mean yeah i mean i think it's kind of when you were

00:15:29.660 little that's what i want to know i went to like the local place not a chain paul's hamburger shop

00:15:34.420 milford connecticut so what's better shake shack or paul's i like shake shack a lot yeah pretty

00:15:40.240 damn good but i like mastro's the most are you are you into food is that why is that how you got into

00:15:45.960 the restaurant business no i'm into money okay wait but i i heard i heard recently the restaurant 0.94

00:15:52.660 business is is is struggling or it's hard to succeed in the restaurant business well it is i

00:15:58.480 mean it's it's it's it's hard to succeed in what you're doing it's hard to succeed to be a a boxer

00:16:03.580 but but uh you know the the good ones survive and that's that and and i talk about it in the book is

00:16:09.800 You've got to find out what you do well and separate yourself from everybody else.

00:16:13.200 And it's easy to stand out.

00:16:15.220 All of us are given a God-given talent.

00:16:17.800 I can't win a Grammy singing.

00:16:19.880 I took guitar lessons for four years, and I still can't play a chord.

00:16:25.240 But God gave me a brain, an entrepreneurial brain, to understand business.

00:16:30.140 And I'll talk to you.

00:16:31.060 I can talk to you about any business for a minute and a half, 1.00

00:16:33.220 and I'll tell you if you know your shit or not. 1.00

00:16:34.540 Did you say gaming? 1.00

00:16:35.700 Did you say you have a gaming team?

00:16:37.080 No, no, no.

00:16:37.700 I also have a gaming team.

00:16:38.860 Yeah, I do have one of those also, though.

00:16:41.540 Clutch Gaming, and we just merged with another one, so we have like five of them.

00:16:46.640 But I own the Golden Egg at Casino, so there's five of those.

00:16:50.200 But I also have one of those, Clutch Gaming, one of those teams.

00:16:52.860 So you just happen to have that, too?

00:16:54.080 League of Legends.

00:16:54.860 League of Legends.

00:16:55.580 Oh, really?

00:16:55.900 Yeah.

00:16:56.820 Awesome.

00:16:57.340 All right, listen, listen. 0.98

00:16:59.060 Everyone just shut up. 0.98

00:17:00.280 Hey. 0.99

00:17:00.780 Hey, well, hold on a second. 1.00

00:17:03.340 Listen, man, I got a soft dick right now, all right? 1.00

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00:18:05.520 All right, back to the episode.

00:18:07.260 When did you find out or learn that you had an entrepreneur brain

00:18:11.980 and you were able to capitalize on that?

00:18:13.820 When I was probably, I'll tell you this, when I was a little kid,

00:18:16.920 I would carry around my grandfather's briefcase.

00:18:19.380 I didn't want to read any comic books or watch cartoons.

00:18:21.680 I wanted to look at my business.

00:18:23.400 When I was in junior high, I was already buying candy at the store

00:18:27.260 and selling it to kids in the high school.

00:18:29.340 I was trading the stock market.

00:18:30.660 when i was 21 i won my first cadillac selling shackley vitamins and then i said you know what

00:18:36.860 you're going to own a jet by the time you're 35 and i bought my first jet at 35 that's a great

00:18:42.000 are you a hustler would you say i'm not a hustler a promoter because i always talk the talk and walk

00:18:48.540 the walk yeah i don't like hustlers and promoters i just always worked hard and i knew how to make

00:18:53.840 money i just knew how to do it i think i just meant it in the sense of like grinding yeah

00:18:57.700 Yeah, I talked about keep punching.

00:18:59.900 Don't ever give up.

00:19:00.840 I mean, you just got to find out. 1.00

00:19:02.360 You have a few, you know, you get your ass kicked on the ninth. 1.00

00:19:06.100 Just get up and keep punching again. 1.00

00:19:07.440 And next time you're all about to whip his ass. 1.00

00:19:09.320 You hear that, KSI? 1.00

00:19:10.400 Hey, take that advice.

00:19:11.980 Obviously, you have something in you that you want it.

00:19:14.580 Okay.

00:19:15.100 And I think one of the reasons I was successful is I always wanted it a little more than everybody else.

00:19:20.660 And if you want it more, you're going to eventually get it.

00:19:23.320 I can promise you that.

00:19:24.100 But is that an innate thing?

00:19:25.540 is that an innate thing to set a goal and do whatever you need to do to

00:19:29.340 accomplish it or can that be you sound like me right now you you set a goal

00:19:34.100 and then i do whatever it takes to get from point a to point b to get there

00:19:38.420 and even though i came out on forbes today as 140th richest guy in america

00:19:43.000 i still have goals that i want to accomplish you know i want to be 120 or

00:19:47.660 110 but but i'm taking steps right now to accomplish my next goal that i want

00:19:52.600 to accomplish what is that I'd like to own an NFL team now would it be would it be in Texas

00:19:59.960 I don't know I do know the NFL is the NFL just like the NBA is the NBA that is crazy what are

00:20:05.820 some of the perks of owning an NBA team like it is that's a business venture technically yeah

00:20:11.040 not just a flashy showman thing yeah absolutely I mean of course it's a business venture I mean 0.81

00:20:16.200 I paid 2.2 billion the most ever paid for a sports team damn and uh but but at the same time

00:20:22.340 there's never been a sports team sell for less and so you can just almost book it that 10 years 0.96

00:20:28.300 from now that team will be worth 3.2 billion okay wow okay so that's just that's just life that's

00:20:34.280 just that's just history uh what teams continue to go up and up and up but but uh you just keep

00:20:41.000 you know you got to have dreams and and obviously you have dreams of being a a great boxer i assume

00:20:47.500 You're a heavyweight class, aren't you?

00:20:49.660 Technically cruiserweight.

00:20:51.160 I'm about 200.

00:20:52.640 So what is heavyweight now?

00:20:54.020 I think it's 200 plus.

00:20:55.620 Is it really?

00:20:56.200 I think, yeah, 200 to, you know.

00:20:58.720 You know, I saw some, you got to understand, when I was growing up,

00:21:01.460 I went and saw some of the greatest bouts.

00:21:03.040 I mean, the Muhammad Ali, George Foreman.

00:21:05.540 I mean, absolutely.

00:21:06.440 Are you a boxing fan?

00:21:07.680 Always.

00:21:08.160 You grew up.

00:21:08.620 But you got to understand,

00:21:10.200 when you guys didn't get to understand the great boxers like we did.

00:21:15.160 I mean.

00:21:15.440 You're so right.

00:21:16.100 I mean, we got to watch the great middleweights, the lightweights, I mean, Hearns.

00:21:20.940 There was just, in every class, there was a stud horse, okay, Sugar Ray.

00:21:25.880 I mean, and nobody gets that.

00:21:28.160 We don't even know who, I guarantee you could stop everybody in this room right now

00:21:31.480 and ask them who in the hell is the heavyweight and middleweight champions of the world,

00:21:35.740 and nobody knows, okay? 0.99

00:21:37.020 But when I was growing up, shit, that was it, okay? 0.99

00:21:41.380 There was a big fight. 0.99

00:21:42.740 We flew here or flew there and went to it if we could.

00:21:45.000 it's funny you say that because i have the privilege of uh working with shannon briggs

00:21:49.960 who's my coach now and he always says like you know this is the stuff that the greats did but

00:21:55.540 no one knew because there wasn't cameras in their camp it wasn't documented so when shannon was

00:22:00.000 growing up his grandfather taught him how to box and he learned the secret techniques of the greats

00:22:04.900 like that they don't show on camera and that they keep a secret and the only way you would know is

00:22:09.940 because it's been told down generation from generation 100 and and uh you know george

00:22:15.080 foreman still lives in houston and and i know george and and uh you know one of the greatest

00:22:20.320 ever i mean just you know absolutely the the greatest and it's just a shame that this generation

00:22:25.880 does does not get to see these great great boxers yeah do you have any other qualms with this

00:22:31.540 generation as far as like social media and the way kids are being raised nowadays and cancel

00:22:36.980 culture and like i guess like the softening of of america if you will you know part of it is is 0.52

00:22:45.300 that it's not your damn fault the technology is different but but you got to understand when i

00:22:50.860 was growing up if we wanted to talk to a friend we had to go get on our parents phone okay and 0.97

00:22:55.940 that's why when we turned 16 years old the first thing we did was run our ass over to the dmv to

00:23:01.120 get a driver's license and and all of a sudden i started realizing my kids why are they not

00:23:05.000 worried about doing the same thing because you're able to FaceTime and communicate and talk. And

00:23:09.640 it's just a, it's a different world. And I don't know that you're, you're softer. I don't believe

00:23:14.860 that. It's just your things are at your fingertips. And I really realized that when I'm sitting there

00:23:19.360 watching my kids order protein shakes or whatever, and all of a sudden it shows up another kid sitting

00:23:24.640 out there by the fireplace and all of a sudden firewood shows up at midnight because he needed 0.99

00:23:28.680 some firewood and he wasn't going to get his ass in a car and go get it. And it's just, so the 0.96

00:23:33.440 softness is kind of created by the technology because i guess i would be a little soft son

00:23:38.760 of a gun myself i mean i know that when i bought my first jet i learned how to fly it but now i 0.98

00:23:43.820 prefer sitting in the back seat in that g5 and let somebody else taking care of my ass and that's 0.96

00:23:47.840 all you're doing so you learned how to fly your own jet absolutely why absolutely because i like 0.98

00:23:53.280 to know a little bit about everything i do and and uh it was just something that once again you

00:23:59.360 want to accomplish something? And I just said, gosh, you know, I, I dropped out of college to

00:24:04.600 make money my third year because I preferred money more than learning any more about English

00:24:09.200 and math and, and, and not being great at school. So, so I just said, so, you know what, since I

00:24:15.100 didn't get me a degree, I'll go back and get me a pilot's license. But you know, it's so funny,

00:24:19.800 the school I dropped out of, I'm now the longest running chairman of the board of regents,

00:24:23.420 University of Houston. The irony, the irony. I mean, there's so many stories like that of

00:24:28.560 the person who drops out of school and it seems like almost like 90 of the billion ultra successful

00:24:34.960 people especially billionaires are the ones that dropped out of school it because what it is is

00:24:38.980 that we have something in us and we are so anxious to go out and make that money and do things that 0.76

00:24:45.600 we just this is bullshit i'm not learning anything here and i've just but i'm not telling any kid to 0.79

00:24:51.780 drop out i was gonna say this day and daughters are you are you no all four of my kids i'll 0.98

00:24:55.920 disown them if they don't she graduates this year from usc oh congrats yeah and then i had another

00:25:01.260 son graduate and i had one that graduated from old miss who's now in law school and i have one

00:25:05.920 that's going to graduate from lsu okay cool we're all over the map so interesting how you said you

00:25:12.200 disown them i'm not going to decide but facetiously i mean you have to have a college degree today i

00:25:19.060 just think out of respect you have to have it yeah unless you want to become a billionaire

00:25:22.360 You say, well, most people do, if I'm being honest.

00:25:24.500 No, but I do know, I mean, if I could evaluate one of them and say, I understand you're not made for school and it's just not in you, I would understand.

00:25:35.320 She is.

00:25:36.300 She's got a suit coat on. 0.99

00:25:37.560 No, no, I don't dictate anything to my kids.

00:25:40.200 When they were, whatever they wanted to do, I've never been one of those parents.

00:25:43.580 I don't try to make them something they're not.

00:25:45.500 And if they were not fit for school, I would not have them go to school.

00:25:48.920 Apple and Google have started to roll back some of those requirements for potential candidates to have bachelor's degrees.

00:25:56.740 And it looks like generally when businesses at that level start to act a certain way, that trickles down to businesses underneath them.

00:26:03.260 Do you think we'll see a day where bachelor's degrees are obsolete?

00:26:06.760 It's already happening.

00:26:08.480 And part of the problem is that we need a workforce in America.

00:26:12.840 And that's why they're telling people there's nobody doing construction anymore.

00:26:17.520 There's nobody repairing cars anymore.

00:26:20.260 Land surveying.

00:26:20.840 It's crazy.

00:26:22.760 And so they're talking more about going to two-year programs and one-year programs where you have a profession that way.

00:26:30.640 And with wages growing up in the construction industry the way they are, people are making as much as they make with a college degree.

00:26:38.460 Do you think James Harden's patented step-back jumper is a travel?

00:26:43.820 Absolutely not. 0.54

00:26:45.360 Are you crazy? 0.99

00:26:46.200 What are you watching? 1.00

00:26:48.480 How about his new one?

00:26:49.340 Just watching some ESPN over here, you know?

00:26:53.300 Will him and Russ get along on the court?

00:26:56.460 100.

00:26:57.200 I'll tell you this.

00:26:58.800 One is Chris and James were East Coast and West Coast.

00:27:04.040 James and Russ are both West Coast LA guys, okay?

00:27:08.100 And they came in.

00:27:08.900 You've got to understand, Chris is 34 and James is 30.

00:27:12.200 In basketball years, that's like 12 years difference.

00:27:16.440 Okay.

00:27:16.880 Because of what style and so on.

00:27:18.320 Yeah, and who you came in with.

00:27:19.760 Because your whole basketball life is usually eight to ten years.

00:27:23.900 So you've got to look at it not, oh, they're only four years apart.

00:27:27.540 They're four years in basketball years.

00:27:30.380 And I think that Russ and James, they're both coming in at the same time.

00:27:33.620 They're both 30 years old.

00:27:35.240 They know this is it.

00:27:36.480 They're both under contract to the Houston Rockets for the next four years,

00:27:39.660 and they want one thing.

00:27:40.740 You can take all their greatness and all the awards both of them have won,

00:27:45.060 But if you don't win a championship, it's just something that's going to be off your resume.

00:27:48.800 And you will never be known as one of the greatest.

00:27:51.960 But if they win a championship or two, they're going to always be known as one of the greatest.

00:27:56.440 Hakeem Olajuwon's a great example.

00:28:00.620 Hakeem Olajuwon's always on everybody's Mount Rushmore.

00:28:03.540 But if he doesn't win those two championships at Houston, he's just another sinner.

00:28:07.680 Did you own when Hakeem was on the team?

00:28:09.900 No, right?

00:28:10.180 Oh, no, no, no, no, no.

00:28:11.300 I was a young son.

00:28:13.180 I remember Hakeem.

00:28:14.280 That was a while.

00:28:14.960 That was 15, 20 years ago.

00:28:16.840 93, 94.

00:28:17.800 Do you have a strategy for getting over that hump to winning the championship?

00:28:22.320 Well, you know, I have all these Tillmanisms in the book,

00:28:25.440 and the 95-5 rule is one of them.

00:28:29.060 And at the end of the year, I sat down with Daryl Morey, my general manager,

00:28:32.160 and Mike D'Antoni, the coach, and I said,

00:28:34.240 we're going to apply some business principles here.

00:28:36.720 We do 95% of everything right, okay?

00:28:39.640 That's why we're so damn good in the last two years.

00:28:42.840 We've won more games than anybody. 0.99

00:28:44.860 But we're going to figure out what the 5% is.

00:28:47.640 And we sat there, and we wanted our pace to move up a little bit.

00:28:51.720 And then when Paul George got traded out here to the Clippers and Russ came,

00:28:55.280 we feel like Russell is truly that missing link,

00:28:59.060 that we're going to be able to put this whole thing together.

00:29:03.180 So that 95.5%, the 5% is analyzing weakness?

00:29:06.520 Absolutely.

00:29:07.400 It's always, you know, it's kind of like, let me just use this as an example

00:29:11.220 because it's simple and it's something everybody can relate to we all do 95 of everything right

00:29:16.020 just like you do that's why you guys are successful but it's kind of like pulling up to uh you know

00:29:21.260 pulling up here just now okay well let me see you have somebody meeting me that's right they

00:29:25.100 couldn't be any more polite what can we do for you before we walk in here you walk in here you

00:29:29.640 you've done everything right okay is it the chain what did what did we do wrong i haven't found the 0.94

00:29:34.840 five percent yet but i'll let your ass know before we get okay i'm assuming it's the chain let me 0.78

00:29:39.100 I don't normally wear this. 0.99

00:29:40.540 It's part of a shtick.

00:29:42.400 No, but it's like driving up to a restaurant.

00:29:44.000 I can judge it or a retail store.

00:29:46.040 Is the parking lot clean?

00:29:47.860 Is their lights burn out? 1.00

00:29:49.620 Bathrooms.

00:29:50.780 Right.

00:29:51.380 Is there trash as you walk in the front door?

00:29:53.720 There are dead weeds.

00:29:54.460 Is the window, as you pull the handle, is the window smudged?

00:29:59.140 So it's just all that kind of little things that separate you from everybody else.

00:30:04.020 And I talk about that so much in the book.

00:30:05.820 It is so easy to separate yourself from everybody else.

00:30:09.100 You just have to want to do it because everybody else is just going like this.

00:30:12.760 You go like this.

00:30:14.240 How much of a detriment could that 5% potentially be to your overall being received by someone else?

00:30:22.400 Because a lot of times identifying that 5% is not so easy for the person that's doing the identifying, right?

00:30:28.520 So what's your go-to method of finding out what your weakness is?

00:30:34.740 Is it good advisors?

00:30:35.980 Well, it's culture in my company, and it's something that I've taught, and I have 60,000 employees, but everybody hears about the 95-5 rule and that he can see a burnout light bulb from 40,000 feet from the jet.

00:30:49.940 I mean, it becomes a culture in your company, and I'm not saying we're perfect, okay?

00:30:54.640 I screw up every day, and my own people screw up every day, and so do I, but you strive for the perfection, and that's why you're successful,

00:31:02.680 And that's why I'm the guy that keeps being able to buy companies because they don't do the 95 rule and they screw up.

00:31:11.840 And you go and fix them.

00:31:13.340 100%.

00:31:13.780 And a lot of times it's not at the store level.

00:31:16.420 It's at the corporate level.

00:31:17.960 And they make bad business decisions.

00:31:20.180 And that's why I say all it does for me is create an opportunity.

00:31:24.060 And that's what I get to do.

00:31:25.000 You love it.

00:31:25.360 I love it because you know what I call it?

00:31:26.960 Eating the weak.

00:31:27.980 Okay. 0.61

00:31:28.320 You eat the weak.

00:31:29.980 Okay.

00:31:30.140 Do you think there's, is there, is there a, you know, devil's advocate, is there a downfall to the eat in the week mentality and more so, is there anything that money has done for your life that you do not like?

00:31:44.600 That strategy of eating the rich or eating the week, you've gotten so rich.

00:31:48.280 Is there anything that it's done that you don't like?

00:31:50.100 Has it taken too much of your time?

00:31:51.800 Not at all.

00:31:52.400 Because, because I haven't changed.

00:31:54.060 People still watch me walk through a casino, and if there's a cigarette butt on the floor or there's a candy wrapper, they'll still see me stoop down and pick it up.

00:32:04.760 And that's part of the culture of the company is that I still walk back there in that kitchen and say hello to the guy washing the dishes because you know what?

00:32:11.860 If that guy wasn't washing dishes, we wouldn't have anybody sitting in that restaurant because people don't like eating off of dirty dishes, and that guy is really important to me.

00:32:19.580 so that mentality right there what you just described how important do you think having

00:32:23.580 that was to your success versus just being a cold cold-hearted businessman i think it had a

00:32:29.040 lot to do with my success is is that's that's what a leader does is you you don't see me walk around

00:32:34.880 in a three-piece suit and and play big shot ever why why not why aren't you the one with the 50

00:32:40.200 carat diamond chain i'm trying to get this i'm trying to get this thing off because you think

00:32:43.380 you think a billionaire is i mean what is that a rolex that is but look it's a very laid-back

00:32:47.520 casual roll-ups. It is. You don't see

00:32:49.660 any diamonds. I think it's ironic that you're the same one

00:32:51.700 Jeff has. I just don't have any diamonds. Same watch as

00:32:53.640 Jeff. Take that son of a bitch off. 1.00

00:32:56.280 You always see those 1.00

00:32:57.520 memes of like, you know,

00:32:59.680 the rapper who just made a million dollars

00:33:01.640 around his neck and then the billionaire

00:33:03.420 who's wearing a simple t-shirt and jeans

00:33:05.700 or whatever you're wearing. What are you driving these days?

00:33:09.640 I will tell you this, okay?

00:33:11.360 This is

00:33:11.720 the truth, okay? Alright, now

00:33:15.560 I want you to listen to this shit, okay? 0.99

00:33:17.520 I've owned the Bentley Rolls Bugatti dealership in Houston for a long, long time. 0.99

00:33:22.500 Sorry, not the cars.

00:33:23.720 The dealership that sells the cars to the millionaires.

00:33:28.200 Okay.

00:33:28.840 Okay.

00:33:29.540 And all my basketball players.

00:33:31.260 Yeah, of course.

00:33:32.220 Do you give them good deals?

00:33:33.160 But you know what?

00:33:33.520 For the first time ever, I went out and drove a Bugatti, my Bugatti, last week.

00:33:38.560 But this is the truth.

00:33:40.460 When you can buy whatever you want, you don't need to do it.

00:33:44.560 And I've been driving an Escalade for years and years.

00:33:47.520 And they asked me to drive this new Bentley GT that came in, the SUV small.

00:33:52.900 And it was black on black, black wheels, everything.

00:33:55.440 And I said, I'll take it out for a spin.

00:33:57.620 Took it out for a spin, got back in my Escalade and started driving it home. 0.99

00:34:02.280 And I go, this thing drives like shit compared to this Bentley. 1.00

00:34:05.180 Oh, shit. 1.00

00:34:06.000 There goes the Bentley sponsorship. 1.00

00:34:07.760 I went back.

00:34:08.680 No, I went back and grabbed the Bentley.

00:34:11.080 And I've been driving it now, this black on black, you know, Bentley.

00:34:16.280 God, I feel horrible.

00:34:17.420 What's the name?

00:34:17.780 The Bentaga.

00:34:18.540 The Bentaga?

00:34:19.080 Yeah, the Bentaga.

00:34:19.960 It is just a great, great, great vehicle.

00:34:23.660 But it also, it's not like it stands out.

00:34:26.420 It's not like it's-

00:34:27.520 He wants one.

00:34:28.120 I know.

00:34:28.560 You got an extra one?

00:34:29.820 I do. 1.00

00:34:30.520 You know, $240,000, I'll get your ass in one right now. 0.99

00:34:35.580 Which Bugatti? 0.99

00:34:37.160 Did you get the Supersport?

00:34:38.520 It's a Supersport.

00:34:39.420 You did?

00:34:39.900 $2.2 million.

00:34:40.860 No, $3.2 million.

00:34:41.840 $3.2 million.

00:34:42.620 $3.2 million.

00:34:43.800 Most expensive production car?

00:34:45.060 I think so.

00:34:45.840 And I'll tell you this.

00:34:46.800 Horsepower?

00:34:47.040 What is it?

00:34:47.600 What is it?

00:34:48.000 It does zero to 60 and 2.8.

00:34:50.360 That's it.

00:34:50.700 Look at my man here.

00:34:51.980 I know enough.

00:34:53.320 What you been Googling?

00:34:53.980 My thing is I know enough about everything to have a conversation.

00:34:57.960 Not a lot, but enough.

00:34:59.920 This one?

00:35:01.040 Yeah.

00:35:01.660 I've had the privilege of driving one of these in Dubai.

00:35:03.960 You know what?

00:35:04.900 That looks real.

00:35:05.520 Mine is just like that, except it's red, because I want a little red and black in there.

00:35:09.820 But this is the truth.

00:35:10.840 So it looks kind of like that one down there.

00:35:12.480 When you drove it, did this not shock the hell out of you?

00:35:15.640 I was with him.

00:35:16.500 Okay.

00:35:16.700 Okay, so how about the G's when you punch that, even on a city street, that you have to adjust for a second or you'll get sick in your stomach.

00:35:26.940 You truly hit the accelerator and you go, wait, did this just really happen?

00:35:31.020 It doesn't make sense.

00:35:31.680 It's a rocket ship.

00:35:32.520 It is a rocket ship.

00:35:33.720 It is crazy.

00:35:36.000 And you're just sitting there and you're only going from maybe from here to that fence and you can hit 80 miles, 90 miles an hour.

00:35:42.500 Do you ever turn the second key on?

00:35:43.740 I haven't.

00:35:44.240 I just drove it for the first time.

00:35:45.700 Oh, they tried to, when we got lended the Bugatti in Dubai, and they tried to withhold the second key.

00:35:52.840 It turns out on the other 500 horsepower.

00:35:55.160 Right, right. 1.00

00:35:55.780 Yeah, those motherfuckers. 1.00

00:35:57.120 But you hear those turbos, you know, maybe it was on the other day. 1.00

00:36:01.140 Because you hear both of those turbos kick in, and you feel like you're in the space shuttle. 0.99

00:36:05.960 I mean, it is crazy shit. 0.99

00:36:07.700 It really is. 1.00

00:36:09.560 He's showing us right now.

00:36:10.500 You have the same pants and watch as Jeff right now.

00:36:13.940 you have the same same watch so yeah so my question i knew it looked familiar my question

00:36:19.160 is that the one i wore on kimmel ah jeff lent me his watch when i was on jimmy kimmel it was that

00:36:23.480 one it's this one right it's just a classic so are you under or is he over like what's good here

00:36:28.420 like are you on and he's just way out okay i think i'm the normal one here

00:36:33.560 what's the what's the most expensive thing you've bought for yourself

00:36:39.040 as a recreational toy, like a Bugatti, for example.

00:36:43.260 Probably the Bugatti, right?

00:36:44.340 No, probably the Houston Rockets at $2.2 million.

00:36:49.540 Oh, my God, yeah.

00:36:51.300 Bro, Grant Cardone came on.

00:36:52.560 He's like, yeah, $50 million.

00:36:54.360 Probably a yacht, you know, probably as a toy.

00:36:58.240 Are you a yacht guy?

00:36:59.800 I just can't help myself.

00:37:02.120 I just can't.

00:37:03.120 I mean, it's the greatest, most relaxing thing

00:37:08.380 is in where you have it docked right now it's an atlantic city probably getting as soon as

00:37:14.580 hurricanes over i just brought it back from europe used it all summer over in europe

00:37:18.240 but you ever meet that guy with the the russian guy brought what's it Abramovich Abramovich i

00:37:23.840 have never met him but we've been we've been anchored by each other before and uh i try to

00:37:28.620 not get too close because i look like i'm the little boy in that in that the one time in life

00:37:34.200 his yacht is 1.9 billion dollar he's got a 1.9 billion dollar yacht that is not true he's a 0.98

00:37:39.720 lying son of a gun but it's but it's what it's reported i know but that's all bullshit okay 0.96

00:37:43.840 he probably just you know they just absolutely it's not probably a 400 million dollar that much 0.98

00:37:49.920 off yeah yeah yeah trust i know what yachts cost because i'm building i'm building a bigger one

00:37:55.720 right now myself a 252 fed ship and and this is my fifth one that i'm on and and uh you have all

00:38:03.140 You sold and re-bought.

00:38:06.420 Yeah, in 2000, I built a 112, then I built a 130, then I built a 146.

00:38:13.020 Now I have a 165, and I'm building a 252.

00:38:15.420 You sound bored.

00:38:16.180 You sound bored.

00:38:16.880 No, I'm not at all.

00:38:17.780 I'm not at all.

00:38:18.500 But it's just one of those things is I don't care about buying a Picasso.

00:38:23.440 I don't care about going to shoot anything.

00:38:26.040 I love the yachting world.

00:38:30.820 It's just very relaxing.

00:38:31.860 You got any military technology on that bad boy? 0.99

00:38:34.240 Because I think Abramovich has got like a rail gun, some anti-aircraft shit. 0.98

00:38:38.020 Well, you know, they say that, but if you go into certain countries with that, you can't even have a gun. 0.96

00:38:42.900 You'd be shocked at the rules in certain countries, and you can't even have a gun on a yacht.

00:38:47.960 Yeah, we're going to the U.K. on Sunday for his press conference.

00:38:52.860 The police don't even have a gun.

00:38:54.540 Yeah, we can't.

00:38:55.980 Obviously, we're from America, so we're hoping to bring some 50-cals with us. 0.99

00:38:58.920 We can't do shit. 0.99

00:39:00.360 You know, just like in Mexico. 1.00

00:39:01.720 I mean, you walk into Mexico with a rifle, they'll arrest you and put you in prison.

00:39:06.420 But they at least, the cops have the big guns.

00:39:08.980 Yes, yes, yes.

00:39:10.220 But in the UK, I think a few more cops with all the terrorism, there's a few more guns over there.

00:39:15.240 Yeah, the Royal Guard is allowed to, I believe, is allowed to carry weapons there.

00:39:20.200 No, it's crazy, you know, because we're so used to guns.

00:39:23.480 And me being from Texas, you know, everybody's got guns.

00:39:26.660 I mean, I have them everywhere.

00:39:27.780 But it's nuts in some of these other countries, which you can and can't do with guns.

00:39:33.600 Tillman, a lot of people want to know, does money solve everything?

00:39:37.660 Absolutely not.

00:39:38.900 No?

00:39:39.340 No, no, no.

00:39:40.840 Does it allow you to surround yourself with amenities and freedom that you wouldn't be able to otherwise that could potentially keep you happier if you didn't have it?

00:39:51.000 Let me just say this.

00:39:51.760 I think most people, and I hate to say this, and everybody says, oh, it's so easy for him to say that.

00:39:57.780 But you give me a comfortable, you know, bed, a cold room and a good television and a good remote control.

00:40:05.140 Most people are pretty happy.

00:40:07.280 The one luxury that I just say is, and if I never went on a yacht again the rest of my life, I'd be fine.

00:40:13.380 It's nice, though, going from city to city and you don't have to check out of hotels.

00:40:17.160 You just stay on it.

00:40:18.280 But the greatest luxury that I have to say is really a luxury is private travel.

00:40:25.580 Yeah.

00:40:25.840 the private jet i've never i have never been through tsa ever ever because in your life

00:40:31.320 no because i bought my first jet when i was when in 1991 tsa didn't exist and they didn't exist

00:40:38.020 and so i wow and i have vowed never to go fly public would you wouldn't do it just for the 0.97

00:40:43.980 experience hell no because let me tell you it is and then they're going to start throwing my shit 0.88

00:40:48.120 in the trash and everything i wouldn't even know how to pack that way it ain't great and i just 0.99

00:40:53.040 That's probably the one luxury.

00:40:54.620 And it's become a joke to me because it's been now, what, nine and nine, you know, almost 29 years that I haven't flown, 30 years that I haven't flown, you know, on a, I don't even know what you call it, commercial aircraft?

00:41:07.780 You don't even know what to call it.

00:41:09.020 Are you a Trump guy?

00:41:11.780 I'm a—

00:41:12.440 Or are you a I-don't-discuss-it guy?

00:41:14.140 I'm a I-don't-discuss-it guy.

00:41:15.980 Let me just say this.

00:41:17.720 We live in a great country, and I've been friends with the last four presidents.

00:41:23.100 I've had Bush in my house.

00:41:25.040 I've had Clinton in my house three times when he was president.

00:41:29.700 And we're at a polarizing time, and I don't like it either way.

00:41:35.700 And it's not good for this country. 0.99

00:41:38.020 And I think both sides need to get their shit together. 0.99

00:41:41.340 Agreed. 1.00

00:41:41.840 Both sides.

00:41:43.040 Okay.

00:41:43.200 George Bush Jr. told me his favorite thing to do in life was clear brush.

00:41:47.680 His favorite thing at his ranch.

00:41:49.760 And there is not a finer guy.

00:41:53.260 And this is him in my office last week was George H.W.

00:41:58.320 Just hanging out.

00:41:59.820 In your office last week?

00:42:01.300 I also saw your passcode.

00:42:02.780 It's pretty simple.

00:42:03.460 I would have expected something much more complicated from a billionaire.

00:42:07.140 We'll break that out.

00:42:08.520 See, the date, that's just last week.

00:42:10.440 Okay.

00:42:10.800 Okay. But, but, but I have, I have great connections with Bill and matter of fact, Bill and, and, and, and 41 got together because I was friends with both of them. And that's when they shot the tsunami commercial and me and 41 flew up on my jet together and had lunch with Bill. And that's the whole day they became friends.

00:42:30.320 You got a favorite one to hang out with?

00:42:32.340 Bill Clinton's a lot of fun, but I'll tell you, 43, this is a guy that is just a great guy that's very smart, that just loves to have a beer and sit there.

00:42:42.660 And these are, presidents are special guys.

00:42:45.680 They're very special guys.

00:42:47.000 You have an activity that you like to do that would equate to clearing brush for George Bush, like Shirley Backgammon?

00:42:54.600 probably watching sports just just truly sitting back and or going to a movie at the movie theater

00:43:03.160 and just i'm able to zone everything out for a few minutes and turn my phone off and eat a big

00:43:08.520 old thing of popcorn and just drink a diet coke damn i mean makes it sound so nice i know i have

00:43:14.020 to say that's probably my number one relaxation and you know another thing is like my last birthday 0.92

00:43:21.240 We all go eat at these fancy restaurants because we can.

00:43:24.960 But you know what I did on my last birthday?

00:43:27.020 I went and got Popeye's fried chicken.

00:43:29.440 Oh, my God.

00:43:29.520 Hey, there we go. 1.00

00:43:30.280 And to eat those, to eat my couple of big old juicy spicy breasts 1.00

00:43:35.120 and to have that red beans and rice and God doing that roll and everything.

00:43:40.400 And I just said, why am I going to go out and eat something fancy?

00:43:43.360 Why not just have what you really want, some Popeye's fried chicken?

00:43:47.500 And that's a regret that I didn't buy the company a few years ago.

00:43:50.540 I just regret that I didn't buy Popeye's last night

00:43:55.100 Not the company, just the actual food

00:43:56.980 If you had one food

00:43:58.580 And it was either Popeye's fried chicken

00:44:00.460 Or Mastro's butter cake

00:44:03.120 For the rest of your life

00:44:04.400 You had to make a choice

00:44:05.420 It's not even close, Popeye's fried chicken

00:44:07.680 No way

00:44:08.540 We're obsessed with Mastro's butter cake

00:44:10.860 It is unbelievable

00:44:12.440 But you gotta be honest with yourself

00:44:15.920 And if somebody told me

00:44:17.140 You have to eat Popeye's fried chicken today

00:44:19.860 and the next night you've got to eat a great cheeseburger, fries, and a shake,

00:44:22.720 and the next night you've got to eat a Domino's pepperoni pizza.

00:44:25.640 I could have lived the rest of my life like that, but I'd weigh 600 pounds.

00:44:29.000 I would look like Beecher used to look. 0.99

00:44:33.320 I'd be an ugly mother. 0.99

00:44:34.480 I used to be a fat boy too. 1.00

00:44:36.680 No, you didn't. 0.80

00:44:37.740 300 pounds.

00:44:38.580 Another 90 pounds on me.

00:44:40.120 Dropped it.

00:44:40.820 Are you serious?

00:44:41.460 Yeah.

00:44:42.600 Unbelievable.

00:44:43.080 Thank you.

00:44:43.540 Yeah, cycling.

00:44:44.900 So you're a disciplined son of a gun.

00:44:48.160 I mean, I love disciplined people.

00:44:49.860 i wish i could say on certain things i'm disciplined about business and and watching

00:44:54.720 my weight yeah i mean what do you do run a little bit and lift a little bit and watch what i eat

00:45:00.760 okay and i so i can't eat a butter cake how old how old are you i'm an old son of a gun you don't

00:45:06.480 even you wouldn't believe how old i am because you because you you look you look you look mid-40s

00:45:11.240 yeah you look young but you i've never done anything a maturity to you that i'm 60 on the 0.98

00:45:17.020 Damn. 0.83

00:45:18.200 Is there a, do you have a thing, a secret? 0.99

00:45:20.180 Like you've certainly, you spray your skin with rose water or something?

00:45:22.640 No, no, really.

00:45:23.600 I've never, I've never smoked.

00:45:26.920 Okay.

00:45:28.540 Never really drank that much until I got older in my life.

00:45:31.960 Really?

00:45:32.220 Really enjoy.

00:45:33.000 Really?

00:45:33.340 Really enjoy.

00:45:33.700 Usually the opposite, I feel like.

00:45:34.780 No, no.

00:45:35.500 And I never really did drugs.

00:45:37.920 Can you explain that a little bit?

00:45:39.620 Why, did you start drinking later in life because you found that you had the time to do so?

00:45:44.700 i think so and and it just all of a sudden i realized this is this is this is fun

00:45:51.300 what being a billionaire no no no just relaxing you know just relax that's fun too don't get me

00:45:58.280 wrong but but but it's just kind of fun you know i'll sit you know it's fun to go out after work

00:46:03.520 and yeah go to one of your places or somebody else's places and just sit there and have a

00:46:08.240 couple of drinks we're on a we're on a 60 it'll be about an 85 day hiatus prior to the fight we're

00:46:14.200 about 60 days deep maybe not maybe 50 days deep and the main question right now is do we go back

00:46:20.020 do we do we go back to partying or do we stay in this ultra productive i mean every the things that

00:46:26.300 have happened over the past four weeks are just mind-blowing just from the amount of stuff we've

00:46:29.620 gotten done all right so tell me what you've gotten done i want to hear this we've multi i have

00:46:35.200 my own show so i've gotten multiple multiple episodes of that show out brand deals tons of

00:46:39.520 collaborations on the business side i do a lot of brand marketing work i've got multiple business

00:46:44.280 i work on just all so i wake up in the morning at 7 30 i sit on the computer i close the computer

00:46:50.120 around 2 a.m and i go to sleep there's there's maybe an hour in between where i take a nap but

00:46:54.600 it's it's it's very quick break that's it it's just work straight through the entire day and

00:46:59.580 neither one of y'all are drinking right now because you're training he's training i'm i'm

00:47:03.500 doing it with a massive power that's right that's important that's my guy no that is that is

00:47:08.180 unbelievable now when the fight's over what will you do well that's that's the question because

00:47:12.380 last year i had this burning desire desire after the fight i was like oh i can't wait to party and

00:47:17.620 traveling now like maybe it's because i'm older i'm like yo this this sober lifestyle is actually

00:47:23.260 kind of fucking dope like when i go to parties i actually have sometimes more fun when i'm sober 0.72

00:47:28.140 because watching drunk people is hilarious no no no but you know what you can do and i haven't 0.99

00:47:32.640 realized this because sometimes you just don't want to drink for a few days you want your body

00:47:35.760 even though drinking is never going to make you overweight

00:47:38.880 because it's easy calories.

00:47:40.960 What about the food you eat afterwards?

00:47:43.200 That's the problem.

00:47:44.100 The food is everything.

00:47:45.620 I mean, even working out, if you eat too much,

00:47:48.460 you can't even work out enough almost.

00:47:50.560 But if you're sitting there and you just,

00:47:52.460 because everybody else has a drink,

00:47:53.620 and you just put soda and lime in it,

00:47:55.360 you need that.

00:47:57.320 Because you're fine.

00:47:58.560 There's a problem.

00:47:59.640 Personally, I'm a man of extremes.

00:48:01.520 Same.

00:48:01.880 So if I'm drinking, I'm going to have a few soda limes.

00:48:05.140 And you know what? I've never been an extremist at anything, you know, liberal, conservative, or the way I drink, the way I eat. The only thing I've probably been extreme at is business, that I just, the next deal. I'm a deal junkie. I've got to do that next damn deal or I'm going to lose my mind.

00:48:23.520 How long are you working every day? Like what time do you get up? What time do you go to sleep? 0.98

00:48:26.620 You know, I probably wake up around 8, 8.30 and then drink coffee and read emails and see everything that happened the day before and read a couple of newspapers on my iPad.

00:48:39.040 And I want to know what's going on in the world business, watch some CNBC, watch some Stephen A. and Fox and, you know, Colin and watch what's going on in the sports world.

00:48:48.620 Probably get to my office around 11, 30, 12, and then I might be there till 8, 9, 10 o'clock at night.

00:48:54.500 Six days a week, seven days a week?

00:48:56.620 five days a week but then usually go to the office for a couple hours three four hours

00:49:01.500 you know on saturday when the guys we can just sit around without all the interruptions and 0.73

00:49:06.180 come up with shit i wanted to ask you this because uh recently in this house we've been 0.71

00:49:10.600 placing a great deal of importance on off days specifically sundays and forcing ourselves to 0.99

00:49:15.020 do nothing because our work is our fun and before you know it will have worked an 18-hour day and

00:49:23.240 And subconsciously, that can lead to burnout, which has happened to me in the past.

00:49:27.440 I didn't even know it.

00:49:28.180 I didn't like, no, no way.

00:49:29.440 I'm a big man, big macho man, alpha type guy.

00:49:32.040 I don't burn out, but it happened.

00:49:34.160 So do you, I guess I'm asking for you, what are the importance of off days, if any?

00:49:40.100 I think you need that one day just to let your brain rest.

00:49:43.340 Okay.

00:49:43.700 I really do think that.

00:49:45.060 And, but you got to understand, I'm a guy that if I'm in town and, and, and it's a Memorial

00:49:51.680 day or labor day and you don't have work that Monday, I'm kind of lost because my sport

00:49:58.380 is business and I love going to my fiefdom in my office and, and, and, and, and making

00:50:04.220 decisions and telling people what to do.

00:50:06.380 So, so, uh, there's nothing wrong with what you guys are doing right now.

00:50:11.320 It's your sport.

00:50:12.580 Okay.

00:50:13.140 It is your sport.

00:50:14.440 And as long as you're enjoying it, just don't go to the extreme that you get burnout.

00:50:20.300 I've never been burnout.

00:50:21.500 I have never suffered from burnout.

00:50:24.060 And I've been at this a long time.

00:50:25.720 What's your self-care ritual look like?

00:50:27.800 Is it going to the movies and stuff like that?

00:50:29.640 Do you have anything else, massages that you like to?

00:50:31.900 You know, not regularly.

00:50:33.900 Really nothing.

00:50:35.020 You just try to work out a little bit every week.

00:50:36.880 But you got to watch what you eat.

00:50:38.760 The food is the one that just gets you.

00:50:41.120 you know that if you don't and the older you get the harder it is okay i mean yeah yeah but you got

00:50:47.180 to watch what you eat i want to talk about the first million you've ever made how old were you

00:50:52.380 and how did you do it and and was that did you compound that to achieve the success you achieve

00:50:57.040 now or was there a series of ups and downs i'll this is really a good question um when i was 21

00:51:05.020 years old i was selling shackley vitamins and i said i'm going to take it to a different level

00:51:09.160 well, I'm going to open up stores.

00:51:10.220 And it was truly the first organic products, the organic vitamins,

00:51:13.460 the organic makeup and hairdo and the organic protein shakes and everything.

00:51:18.460 And this is in the early 80s.

00:51:21.280 And then I spring that into when Pac-Man and Asteroids came out.

00:51:27.300 And I always had my brain working, you know, that entrepreneurial brain.

00:51:30.520 And I'm going to go out and buy these machines.

00:51:32.780 And I remember walking in there and thinking I had to buy them.

00:51:35.520 And this guy who was the distributor said, 20% down and we'll finance these.

00:51:39.780 And, you know, you follow the UCC.

00:51:41.800 And if you don't pay them, they come pick them up.

00:51:43.780 So all of a sudden, before I looked up, I had hundreds of these machines around town.

00:51:47.520 I'd go to location, location, restaurants, bars, Sears.

00:51:51.860 Sears was the big department store then.

00:51:53.800 I put game rooms and all the Sears.

00:51:56.220 And all of a sudden, you look up and you're in your 20s and, you know, you're making $100,000 a month.

00:52:02.120 Now, remember, $100,000 a month.

00:52:04.100 Back then.

00:52:04.640 back then. It's like a million bucks a month. I mean, I was into some long money. And so I had

00:52:10.480 my first, I had a couple of million dollars in the bank when I was in my mid twenties. And then

00:52:17.140 I built my first hotel when I was 26 years old. Okay. But then the world fell apart and you guys

00:52:23.340 are too young, but the true world fell apart. And that's when, you know, you hear these banks too

00:52:27.980 big to fail today. What they are roll-ups of all the banks that failed, where the government took

00:52:33.540 out the bad assets but all the depositors and everybody they had to keep and and and i had like

00:52:39.980 so i'm i'm like 27 years old 26 years old and i have i'm i'm blowing and going and i have i have

00:52:49.080 loans at nine different banks in town okay and the world is truly coming apart what year was this

00:52:56.660 This was late 80s, like 86.

00:52:59.560 What was going on?

00:53:03.020 It was the SNL and bank crisis of the 80s.

00:53:07.040 That's why you don't even have SNL.

00:53:09.300 So many people went to prison, everything.

00:53:11.800 And it led to a massive recession.

00:53:13.420 Massive recession.

00:53:14.620 So listen to this.

00:53:15.640 This is unbelievable.

00:53:17.620 Every Tuesday, so I'm really starting to struggle,

00:53:20.160 and I'm starting to get behind on some bank loans, okay,

00:53:22.880 because the world fell apart.

00:53:24.220 When I tell you buildings, they just stop building.

00:53:27.740 I mean, it was horrible.

00:53:30.600 Every bank that I was doing business with failed.

00:53:35.940 Now think about that.

00:53:37.100 And so all of a sudden you have a payment due the next week or the next day.

00:53:40.620 There's no bank to pay.

00:53:42.780 Okay.

00:53:43.400 And you pick up the phone.

00:53:44.900 There's nobody to call.

00:53:45.880 You don't call the FDIC.

00:53:47.740 Did FDIC exist at the time?

00:53:49.320 Yes.

00:53:49.460 Where's your money covered?

00:53:52.060 Your money, that's what happens.

00:53:53.680 they take bad assets out, and so the government insures all the deposits that are in the bank.

00:54:00.740 But your loans, there were so many bad loans out there, they had to form this company,

00:54:05.260 the Resolution Trust, to start working with everybody. I didn't hear from them for four

00:54:10.480 years. Four years. I got a reprieve from the governor. Okay. So over the next four years,

00:54:17.560 you can't build buildings anymore. And I still had my video game business, but it had fallen

00:54:23.540 because half the restaurants closed i start building more restaurants and then that's when

00:54:29.480 the big growth of chain restaurants came in outback cheesecake factory landry's chilies

00:54:36.980 and we all went public in the early 90s and then so i i had it was 1992 i was doing 30 million in

00:54:45.140 revenue making 5 million a year and and i took my company public and all of a sudden you wake up and

00:54:50.460 you're worth $100 million on the stock market.

00:54:52.780 Okay, so that's then.

00:54:54.180 What was the company you took public?

00:54:55.820 Landry's.

00:54:56.500 And I owned 100% of it, okay,

00:54:58.900 and grew it for the next 20 years to do over $2 billion in revenue.

00:55:04.400 And then you had the next recession, the 08-09 recession.

00:55:07.360 So my stock fell.

00:55:08.760 I was tired of being public.

00:55:09.800 So then I took it private owning 100%.

00:55:12.920 And so today it's a $4 billion revenue company, does $700 million in EBIT.

00:55:17.420 it's probably the largest single shareholder company in america i have not 700 million in

00:55:22.800 annual ebitda and ebitda yeah ironic we we go to all your restaurants i was wondering if you could

00:55:28.180 help mike get into catch he struggles sometimes hey he doesn't struggle anymore it's not sure

00:55:33.920 where's mike i'm just kidding i'm right here oh this mike okay there's another mike that i gave

00:55:38.800 oh michael gruen yeah another great he thought we were talking about gruen yeah i did no gruen

00:55:44.900 can get in. I don't struggle to get in catch

00:55:46.880 ever. I got plugs there.

00:55:49.500 I can tell you this. You better

00:55:51.000 not ever have a problem at any of my places.

00:55:52.880 Thank you. Let's go. I'm actually bringing my...

00:55:54.700 I had one problem.

00:55:57.240 Uh-oh. I hate to do this.

00:55:58.760 I really don't. I just feel like... Maybe you don't do it.

00:56:00.840 No, I have to do it because I feel like I have to say it on

00:56:02.840 this episode. I was eating

00:56:04.240 just a delicious meal at

00:56:06.540 Mastro's one day

00:56:08.300 and

00:56:10.120 when I was gone, I was eating the meal

00:56:12.920 a coyote was here at my house eating a meal of his own which was my dog yeah are you serious i

00:56:21.020 was at mastro's and i got the call from him he's like oh you gotta come home it has nothing to do

00:56:26.220 with you i just don't feel like i needed did that change your your thoughts on mastro's at all you 0.88

00:56:30.440 would think bro but that fucking butter cake is so good i i had to go back well i would have brought 0.98

00:56:36.020 y'all a butter cake today we could have i would have gone so you're telling me i keep hearing 0.99

00:56:40.420 these horrible stories okay coyotes are everywhere right now everybody's got them in their yard

00:56:45.360 from texas to new york to cal and and everybody's scared to death they're going to eat their dog

00:56:50.080 so i wasn't i thought that was an urban myth i didn't think that coyotes actually hopped your

00:56:55.840 fence and stole your pomeranian and that's a thing and i had to watch it a video and then call him

00:57:00.640 because we have security footage so we said where's where's kong and had to watch this coyote

00:57:05.740 come in and you know what's so funny i looked at a video that i think you showed me yesterday where

00:57:09.700 he went at one went after this little girl coyote yeah the coyote went after the bring me that video

00:57:14.760 find me that video okay and the little girl that the the coyote went after her and she turned

00:57:21.360 and kind of scared because she she just didn't fall down if she would have fallen the coyote

00:57:26.940 would have bit the hell out of her this video is unbelievable you got to see this okay so so that

00:57:32.200 the mentality of coyotes is is just pure evil now now do we blame them because we sort of took over

00:57:38.920 their land and now they have nowhere to live or do we get angry and after they kill your animals

00:57:44.100 hunt them which i attempted to do for a week now i didn't kill a coyote but i sat outside in full

00:57:50.760 camo and i used shampoo that covers your scent and i tried to get retribution for the death of

00:57:57.560 my beloved kong i know but the problem is you probably shouldn't have tried to kill your scent

00:58:01.860 because i think it even attracts them i know that's what i you do that for deer hunting i just

00:58:06.120 which I panicked.

00:58:07.580 Like, they don't care what a human smell like.

00:58:09.540 They're running around the neighborhood all day.

00:58:11.900 Bring it up here, Jared.

00:58:13.220 I got the link myself.

00:58:15.260 I'm going to send it over to him.

00:58:16.200 Oh, we're going to try to find this video.

00:58:17.420 I'm going to send it to training camp because it's the first one.

00:58:20.640 I got it.

00:58:21.280 I just sent it to you.

00:58:22.160 Girl attacked by coyote in front of you.

00:58:23.680 There you go. 1.00

00:58:24.340 Look at that.

00:58:24.920 The Google machine's powerful.

00:58:26.880 Please don't serve me an addict. 1.00

00:58:28.280 Ah, fucking Grand Cardone. 1.00

00:58:30.600 Son of a bitch. 1.00

00:58:33.360 Oh, here it is right here. 1.00

00:58:35.200 Watch the little girl now come up.

00:58:36.880 Have y'all seen this?

00:58:37.640 No, this is crazy.

00:58:38.560 This is crazy. 0.86

00:58:39.140 Now watch the coyote.

00:58:39.880 He's walking down the street.

00:58:40.980 See the coyote?

00:58:41.560 He sees her.

00:58:42.440 He's running and turns around. 1.00

00:58:44.240 I'm going to go get her ass. 1.00

00:58:45.220 I'll do the sound effects for the girl. 1.00

00:58:46.780 No, no, no.

00:58:47.460 Please don't.

00:58:47.840 All right.

00:58:48.500 Watch this. 0.94

00:58:48.840 Look at the coyote.

00:58:49.620 He decides.

00:58:50.120 I see a little girl.

00:58:51.060 See him right there?

00:58:51.800 Oh, my God.

00:58:52.580 Now watch this. 1.00

00:58:53.220 This is crazy shit. 1.00

00:58:55.120 Oh, shit. 1.00

00:58:56.400 Oh. 1.00

00:58:57.460 She said hello. 0.77

00:58:58.720 Now watch this. 0.96

00:58:59.380 Watch this. 1.00

00:58:59.680 But she turns around. 1.00

00:59:01.660 Oh, my God.

00:59:03.280 And it scares the coyote just enough.

00:59:06.240 Oh, my God.

00:59:07.060 But if she would have fallen, that coyote would have taken a chunk.

00:59:10.780 Oh, my God.

00:59:11.500 And that little guy just rode up on a tractor at the end out of nowhere. 1.00

00:59:15.280 Did you see that shit? 1.00

00:59:16.500 Yo, that dude on a tractor. 1.00

00:59:17.820 I just got PTSD.

00:59:18.580 No, no, no.

00:59:19.220 Because that's a human.

00:59:20.040 No, no. 0.90

00:59:20.340 But if that little girl would have fallen, that coyote would have bit the hell out of her.

00:59:25.460 Donezo.

00:59:26.240 Speaking of falling, Dow's down 800 in the past two days.

00:59:30.960 Oh, I know.

00:59:31.400 You think we got another one coming?

00:59:33.840 What's the deal here, man?

00:59:34.940 Get me away from this exposure.

00:59:36.920 Let me just tell you this, okay?

00:59:38.940 And I've been around for a few of these.

00:59:41.660 And one thing about it, and you need to always remember this,

00:59:45.620 history repeats itself.

00:59:47.500 Okay, and when things, and I talk about this in the book,

00:59:50.840 when things are really good, we forget they're ever going to be bad again.

00:59:54.780 And when things are really bad, we forget they're going to be good again.

00:59:57.620 I love that.

00:59:58.240 I love that saying.

00:59:59.140 And I'm full of these kind of sayings, and things have been really good, and we've been good long enough that you forget it's going to be bad.

01:00:07.860 And y'all haven't experienced it yet in your adulthood, have you?

01:00:11.260 How old are you guys?

01:00:12.060 Ah, 24.

01:00:12.740 Define, what are you talking about?

01:00:14.320 Well, you've only seen it good since you're 13, 14 years old.

01:00:17.120 I've never seen anything good until about five years ago.

01:00:19.540 I spent my whole life in bad.

01:00:21.660 You're talking about the market strictly?

01:00:23.400 The world, the whole world.

01:00:25.060 Or maybe your life individually, but you haven't seen bad yet when the whole world.

01:00:29.440 And you think, well, how's that going to affect me?

01:00:30.860 Everything's going great.

01:00:32.000 It affects everybody when it goes bad, okay?

01:00:34.760 So what's going to happen is we're all fat.

01:00:38.000 We've bought every TV we can buy.

01:00:39.940 We've bought all the cars we can buy.

01:00:41.700 We've built apartments and homes everywhere.

01:00:44.480 And everybody's fat.

01:00:45.860 And so what happens?

01:00:47.640 Developers keep building because that's how they make money.

01:00:50.520 That's how they get fees.

01:00:52.240 And so developers are always going to develop until they get whacked across the head.

01:00:56.900 And the lenders lend until they get whacked across the head.

01:01:00.120 And there's nobody to buy anything anymore.

01:01:02.640 And that's exactly where I think we're going right now.

01:01:05.480 We're all fat.

01:01:06.780 There's nothing else to buy.

01:01:08.000 And that's why already you start to see little things drifting.

01:01:10.420 What should we do?

01:01:11.500 How do we insulate?

01:01:12.560 I just, you know what I do?

01:01:13.960 I build my balance sheet and my liquidity when times are bad.

01:01:17.400 So I eat the weak when times are not.

01:01:19.840 We had Grant Cardone.

01:01:20.800 And I know that's tough, but I watch people spend all their money because things are good and they think it's never going to stop.

01:01:28.320 Save your money because you'll be shocked.

01:01:30.380 Don't buy a house when the market's at the top.

01:01:33.860 You buy a house when the market's not good.

01:01:36.440 You invest money when the market's not good.

01:01:38.820 You don't go invest money in the market right now.

01:01:41.340 It's going down.

01:01:42.820 Do you believe in safety nets?

01:01:45.460 For sure.

01:01:46.200 We had Grant Cardone on last week, who is a multi, you know, 100 millionaire.

01:01:53.580 His investment strategy is so aggressive that he doesn't think that you should have any money put aside. 0.98

01:01:59.440 He says cash is trash. 0.96

01:02:01.740 You know what? 0.95

01:02:03.040 I've been able, I've always had liquidity.

01:02:05.860 And the reason that I'm worth $5 billion today by Forbes is because I was able to buy things when other people can't.

01:02:14.420 Because I kept the liquidity and the balance.

01:02:16.200 I agree with that.

01:02:17.360 That makes sense to me.

01:02:19.580 You buy when there's blood on the streets, right?

01:02:21.540 100%.

01:02:22.200 I'm just telling you, that's been my roadmap.

01:02:26.680 Are you a stock guy, personal stock portfolio?

01:02:33.420 It's a big number.

01:02:34.860 Yeah, absolutely.

01:02:35.660 No, you don't have to say the number.

01:02:36.780 I'm just curious.

01:02:37.660 I'm not that big because I'm build.

01:02:39.840 I'm a developer.

01:02:40.700 I open up and I buy cash flow in chains or I build big hotels or big buildings or casinos.

01:02:50.300 And so I probably have $100 million worth of stocks.

01:02:55.180 But when you look at my whole change, no, that is not.

01:02:57.900 I mean, every dollar is a dollar, OK?

01:03:00.420 But I like to take it and get a better return in businesses that I can own and operate.

01:03:06.820 And as you guys keep making money, just remember this.

01:03:10.700 Don't ever invest.

01:03:11.640 I told this to a bunch of NFL players last year, two years ago at the Super Bowl.

01:03:16.240 They had me speak to them.

01:03:17.620 Don't ever invest money with somebody who's got less money than you.

01:03:21.980 That's great.

01:03:23.500 Yeah, I've heard that before.

01:03:24.460 It's great.

01:03:24.960 Don't ever do that.

01:03:25.640 Any thoughts on hitting the sidelines on your personal portfolio?

01:03:30.640 Are you scared about the current state of things at all?

01:03:32.780 No, I'm not really worried about it, and I'm not worried about a dip.

01:03:36.800 Because it comes back.

01:03:37.420 Because it comes back, okay?

01:03:38.600 But people panic, and the worst thing you can do is panic.

01:03:42.180 Okay, just always ride out the wave.

01:03:44.520 Always ride it out.

01:03:45.720 But also, if you're thinking about buying something, don't go buy a house right now

01:03:50.220 because in two years you're going to buy it for a whole hell of a lot cheaper.

01:03:52.620 People don't realize when things go bad how bad they really get.

01:03:56.620 And something that cost you $5 million today, you could buy for a million dollars.

01:04:01.080 That's how bad it gets.

01:04:02.540 Maybe $500,000.

01:04:04.080 You ever meet Buffett?

01:04:05.360 I have met him.

01:04:06.500 Spend time with him?

01:04:07.340 Not a lot, but Buffett, there's nobody that eats the weak more than Buffett,

01:04:14.780 but he wants to act like, oh, I'm just doing capitalism.

01:04:17.700 But he's the greatest at taking advantage of people when they're down.

01:04:21.500 He's also the greatest at managing personal wealth.

01:04:25.720 They made him take his wallet out, I remember, on a couple of news shows,

01:04:29.500 and he's still got the green Amex card.

01:04:31.460 The green one.

01:04:32.940 God, he drives around.

01:04:34.120 I know, but that's part of his stick.

01:04:35.900 I mean, that's, that's his stick. I mean, everybody's got a stick and he wants,

01:04:40.860 he wants to act like I'm just a normal guy. He's not.

01:04:45.700 Hey, Tim, in your book, shut up and listen. It's out now. 0.98

01:04:48.740 Yes. Yeah. Made bestsellers list.

01:04:52.240 Online or basically every bookstore. I mean, it's everywhere.

01:04:56.220 Amazing. Today we, we shut it up and we listened and I want to thank you for

01:05:00.440 coming on impulsive blessing us with your wisdom.

01:05:02.680 Hey, I learned from you guys too.

01:05:04.340 You listen every day, and you hang out with everybody, and we all become smarter every day.

01:05:09.480 Facts.

01:05:10.020 Do you have social media?

01:05:11.700 Absolutely.

01:05:12.280 What is it?

01:05:12.800 Where can they find you?

01:05:13.700 Instagram, Facebook, and—

01:05:16.500 Just your name?

01:05:17.040 What's your handle?

01:05:18.120 Tillman, yeah.

01:05:19.420 And I probably wouldn't have done it if I wouldn't have done the show Billion Dollar Buyer,

01:05:22.840 but then I didn't do it, and then they said, oh, you have to do this.

01:05:25.500 They go hand-in-hand.

01:05:26.420 Yeah, and all of a sudden, you know, you're into social media.

01:05:29.900 We didn't even get a chance to talk about restaurants.

01:05:31.920 Maybe next time.

01:05:32.740 I was going to ask you about Catch and Mastro.

01:05:36.500 I think those topics are super interesting.

01:05:38.060 I guess we'll hit it next time.

01:05:39.020 Hey, anytime.

01:05:40.300 I'm in L.A. all the time.

01:05:41.720 And anytime y'all want to talk about things for your listeners or viewers,

01:05:46.240 I usually have an opinion.

01:05:48.100 Very cool.

01:05:48.900 Very cool.

01:05:49.340 All right.

01:05:49.600 Thank you, brother.

01:05:50.220 Hey, guys, thank you for listening to Impulsive,

01:05:51.760 the number one podcast in the world.

01:05:53.080 Hit that subscribe button.

01:05:54.460 We love you.

01:05:55.040 We'll see you next time for one more episode before we go dark,

01:05:58.720 before the fight against KSI November 9th.

01:06:00.720 Take it easy.

01:06:01.840 Peace.

01:06:02.740 Thank you.

01:06:32.740 I have wildly different references, occasionally different opinions.

01:06:35.840 And at this point in my 50s, I've lived it all.

01:06:38.680 Now in my 30s, being the founder of New Shoes, Good Taste is my business.

01:06:43.760 Listen on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

01:06:50.300 Hi, this is Kylie Brakeman.

01:06:52.200 Angela Jaritana.

01:06:53.120 Jeremy Culhane.

01:06:53.820 Patrick McDonald.

01:06:54.480 And we're the hosts of the Artists on Artists on Artists on Artists podcast.

01:06:58.280 The Improvised Character Comedy Podcast, where each week a new panel of artists discuss their craft.

01:07:04.320 Join us for a panel of Eurovision participants.

01:07:07.500 And we do a little Halloween sometimes.

01:07:09.720 Does the Pope dress up?

01:07:11.040 He winks on Halloween.

01:07:13.320 He gets right up next to the microphone.

01:07:15.020 I hear you can almost hear the eyelashes hit each other.

01:07:18.140 You've never seen Italy so quiet as when the Pope gets up to wink on Halloween.

01:07:22.940 Listen to Artists on Artists on Artists on Artists every Thursday on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

01:07:30.980 I'm Lacey Mosley, author, actor, stand-up comedian, creator, and host of Scam Goddess Podcast, the true crime comedy podcast all about robbery, fraud, and those who practice it.

01:07:41.020 Each week I bring on an amazing guest.

01:07:42.900 Ooh, I scammed them.

01:07:44.080 What?

01:07:44.560 I could talk to you for an hour.

01:07:46.080 You're a generational yapper, like me.

01:07:48.100 That's why I had to make yapping a job.

01:07:49.860 And now you can catch full episodes of my show on YouTube.

01:07:53.360 Start listening to Scam Goddess on the iHeartRadio app,

01:07:56.320 Apple Podcasts, or wherever you get your podcasts.

01:08:01.020 I'm Hamza.

01:08:01.960 And I'm Martin.

01:08:02.620 And we're the hosts of Out of Character,

01:08:04.080 the best podcast in the world, is that what they said?

01:08:06.820 Wait, they said that?

01:08:07.840 Yeah, yeah, they said that.

01:08:09.120 The best podcast with two best friends who jabber

01:08:11.920 and talk about topical, trendy, funny stuff,

01:08:14.680 give our input on it.

01:08:15.780 That's what you've needed, I think, up until now, listener.

01:08:18.080 Listen to Out of Character on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

01:08:23.520 Sometimes I just feel like a burden.

01:08:25.160 You're a bird.

01:08:25.920 You fly.

01:08:26.620 You're a mountain.

01:08:27.280 And we are Out of Character Podcast.

01:08:29.500 Dude, you messed up the clip.

Impaulsive with Logan Paul - October 08, 2019

E131 IMPAULSIVE’S FIRST BILLIONAIRE： TILMAN FERTITTA - IMPAULSIVE EP. 131

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