Episode 2307 Scott Adams: CWSA 11⧸2⧸23 When Woke Becomes The Joke, Putin Makes A Funny Play, More!
Episode Stats
Length
1 hour and 18 minutes
Words per Minute
136.06729
Summary
Today, Scott Adams talks about the death of Charlie Munger and why you should not take his financial advice. Also, the Washington Post has decided not to advertise on the X platform, which raises the question if they have enough money to advertise there.
Transcript
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Good morning, everybody, and welcome to the highlight of human civilization.
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It's called simultaneous sip, and it happens now.
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My cup of knowledge is a little low, but it wouldn't be the first time I had to half-ass it.
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Well, I mentioned the other day that Daily Wire has this movie that's only available on the Daily Wire Plus service, I guess.
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And it is a comedy that makes fun of trans athletes, specifically the ones born with male stuff and transitioning to female stuff.
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But I didn't know the name of the movie the first time I mentioned it, and I'm going to say that I've never seen a movie that could recommend itself so hard with the title.
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It might be the funniest title of a movie of all time, because generally the title doesn't make you laugh.
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You know, like Dumb and Dumber is a classic, but it doesn't make you laugh.
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Or, you know, Steve Martin's The Jerk, you know, it's interesting, but it does make you laugh.
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So, I think it's worth the price of admission just to pay them back for the good movie title.
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Well, Charlie Munger, partner of Warren Buffett, died at 99, approximately one month before his 100th birthday,
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Imagine how angry you would be if you knew you were dying a month before you were 100.
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Well, I'd be dying and pissed off at the same time.
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Well, what do you mean I'm dying a month before I'm 100?
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Well, have I ever told you that you should not take my investment advice?
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Well, I'd like to give you one of my great investment successes.
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20 years ago, after holding Berkshire Hathaway stock for, I don't know, maybe 15 years at that point,
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I said to myself, because I'm so smart, I said, you know, Charlie Munger and Warren Buffett are so old
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that the company will probably have a plunge in stock price if either one of them dies.
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So I said, I'm going to be smart, I'm going to get out, because I don't like how those two are looking.
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I missed 20 years of Berkshire Hathaway gains, because they look too old to me.
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It sort of makes Biden look a little bit better.
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Anyway, so that's why I say do not take my financial advice.
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Yes, really, don't take it, except for diversifying.
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Well, the Washington Post got 120 employees to accept buyout packages, but they need more.
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So if they don't get another 120, they'll start laying off people on, you know, without that being voluntary.
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At the same time, we hear that Washington Post has decided it will not advertise on the X platform,
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which raises the question, do they have enough money to advertise?
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I mean, and how much benefit were they getting by advertising on the X platform?
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Because at least 75% of the X platform is people talking about how the Washington Post is fake news.
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Why would you advertise on the primary place that people learn that you don't have a real product?
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It's like the main place you go to learn that the Washington Post is an illegitimate source of news.
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But as you know, the Washington Post was the flagship newspaper that canceled me,
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causing a wave of cancellations that took me out completely.
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If you had to bet, knowing that Charlie Munger lived to 99,
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Which one of us do you think will still be in business in 10 years?
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But I don't know if the Washington Post is going to last 10 years.
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Actress Cynthia Nixon is going on a hunger strike
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Now, I've decided, you know, I don't know what her politics is,
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but I've decided to join her on her hunger strike.
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So, I'm going to see how it goes until lunchtime.
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But the rest of you are, what are you doing, nothing?
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The rest of you are doing nothing for world peace.
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It's up to me and Cynthia Nixon to get this done.
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So, I guess they're saying that they're consolidating the mosques.
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We're consolidating the mosques, meaning closing a lot of mosques.
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And so they're calling it the sinicization of Islam, which means trying to make Islam more
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compatible with China's whole system, which is exactly like getting rid of Islam, because
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China is treating Islam like a dangerous virus.
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They're treating it like something that needs to be, first of all, quarantined.
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Then they try to get a hold of their education system so that you can't make more of them.
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And now they're consolidating the mosques, so there's not even a place that's easy to
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So, I'm not agreeing with them or disagreeing with China.
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I'm just describing that they've decided to treat it like a mind virus, just like they
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It's basically the same thing they did with COVID.
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I would say Israel treats it, at least the radical parts of Islam, because obviously they
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do live in peace with, you know, most of Islam.
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But the radical parts, they treat it like a security problem.
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Now, you could argue that China is also treating it like a security problem, but I think you
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see the point that the way they treat it is more like quarantine virus kind of a thing.
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Whereas Israel is not doing anything like that.
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It's more like we will put up walls and fences and we'll try to keep you around and we'll try
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Basically, standard security stuff, self-defense.
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Is Europe treating it the way China is treating it, like a virus?
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Is Europe treating it like it's a security problem, where you've got to really check everybody
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carefully and don't let anybody in unless you know who it is?
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China is treating it like an advantage, like a benefit, like a feature, because diversity
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So you've got China treating it like a virus, Israel treating it like a security problem.
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We're really an existential threat, security-wise.
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Are we treating it like a virus, a security problem, or an advantage?
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Well, I mean, Europe will exist, but it will probably be Islamic.
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And I would say that America is going to make its decision in November.
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So my take is that if you get a Republican, it's going to go one way.
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And if you get a Democrat or Joe Biden, it might go the other way.
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But we've got three completely different models.
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I've never heard of one religion that nobody knew what to do with it.
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Jewish college students are no surprise seeing an uptick in on-campus anti-Semitism.
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Now, I'm going to give you some numbers that I found shocking, but not for the reasons you think.
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All right, so it's also shocking for the reasons you think.
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But in addition to the reasons you think, there's an extra level of shock.
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All right, so the reason you think is that nearly 73% of Jewish students say they've been
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victims of anti-Semitism just this year, just this year, 73%.
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That even before everything blew up in the Middle East, before that,
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if you were a Jewish student in a university in the United States, 63% of you in 2021 would
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Like, isn't that the most, that's the most alarming number I've seen in a long time.
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By comparison, 44% of non-Jewish students have experienced or witnessed such acts.
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Wait, they've experienced them or witnessed them?
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Well, we're changing how we do the murder rates.
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Now it's going to be the number of people who were murdered, plus the people who saw it happen.
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Do you think that maybe this is also a symptom of the level of wokeness?
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In other words, if you asked black college students, had they been discriminated in the last year?
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If you asked a bunch of anything, you know, white Christian college students.
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Hey, have you white Christian college students been discriminated against in the past year?
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Basically, everybody's pretty sure they're a victim.
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But the Jewish numbers are crazy, how high they are.
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Anyway, somebody named Abigail Schreier wrote in something called Commentary, and then the Wall Street Journal picked it up for an opinion piece.
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Why are the BLM supporters, climate extremists, academic feminists, and trans activists so quick to side with Hamas?
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And, of course, you've asked the same question.
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You know, why are the people that Hamas would literally murder, like literally murder, as soon as they had a chance to, why are they supporting Hamas when Hamas would literally murder them?
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Well, the hypothesis here is that it's all related to Marxism, and that Marxism could be defined as,
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It's basically hate for people who have more than you have.
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But I would go further and say it's hate for people who have more than you have,
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and you're also unwilling or unable to work for it.
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Because if you thought you could get it, too, I don't think it would bother you at all.
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Because when I was a little kid, I used to think, you know, hey, if I work hard, I'll have what people who have more than me have.
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So I was never jealous of rich people when I was, well, I suppose everybody has a little envy.
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But I wasn't jealous of rich people like, you know, I must kill them and take their stuff and change the system.
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So I'll work hard and do the obvious things to be successful.
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But I've been looking for a way to mark Marxism because I contend that one of the reasons it's sticky is that people don't understand it.
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So people are reading into it whatever they want to feel.
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But others probably feel like they're outcasts and they want to be part of something.
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So there's probably a whole bunch of reasons that somebody aligns with Marxism.
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It allows you to map whatever you're thinking onto it.
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And there's no clean, simple, you know, one bullet point that tells you what it is for the people who don't know what it is.
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So I would like to suggest, just brainstorming here, my suggestion is to call Marxism, to say it's called Marxism because it marks successful people for destruction.
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Well, the entire thing is that they're not trying to make the poor people rich.
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So I think you could sell to the undereducated public that Marxism is based on the word mark, to mark somebody for death or mark them for destruction.
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In reality, it's a complaint about the oppressors.
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So Marxism is marking people for destruction if they have more than you do.
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Not that it was in Fox News, but it's sort of one of these perfect anecdotal stories that they used to, let's say, be a proxy for some larger thing.
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Now, you know that's going to be on Fox News, right?
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If there's a Black Lives Matter leader who flipped to Trump.
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But a few paragraphs down, I saw it actually in a New York Post story, but I'm pretty sure Fox will cover this.
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It's true that a BLM leader has endorsed Trump.
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It was the BM leader, or one of them, for Rhode Island.
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Now, I don't know how robust the Black Lives Matter movement in Rhode Island was, where they have a 5% black population, about half of the national average in our smallest state.
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But I have a feeling that Black Lives Matter of Rhode Island, you know, wasn't putting on the most aggressive demonstrations.
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But I was thinking that if that job is open now, the Black Lives Matter leader for Rhode Island, I was thinking of applying.
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You're probably saying to me, Scott, what are the odds that an old white guy could become the leader of Black Lives Matter in Rhode Island?
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What were the odds that a Black Lives Matter leader would say he's voting for Trump?
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But I would also point out that the odds of me getting a job as a leader of Black Lives Matter in Rhode Island are no worse than my odds of, let's say, getting a job in a TV commercial.
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Or getting a job at any big corporation in America.
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Suddenly, when you look at it in context, my odds of becoming a leader in Black Lives Matter are actually almost identical to my odds of getting a job in corporate America as a white guy.
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I mean, they're not exactly the same, but, you know, if you're round, a little rounding, about the same.
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Am I allowed to be impressed at the work of a horrible, monstrous dictator?
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For my audience, would you be offended if I compliment the skill of a horrible, oppressive dictator?
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So, Putin has announced that he won't negotiate with Biden about the end of the Ukraine situation.
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Instead, he's going to wait for the next president.
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All right, I'm going to have to walk like Putin.
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I'm going to have to do my Putin walking impression.
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Now, I'll have to take off my, I've got to take off my microphone for YouTube for a second.
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But, if you don't know, Putin has the KGB swagger, and it's notable because one of his arms swings more than the other.
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You know, one stays sort of at his side, and the other one does more swinging.
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All right, if you insist, I'll do the Joe Biden walk.
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And, uh, my talents are almost endless, really.
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How in the world could Joe Biden win re-election when he's the only person on the planet Earth who would not be able to negotiate the end of the Ukraine war,
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which, if you did nothing, would end on its own because they're basically out of bullets.
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Ending the Ukraine war might be the single easiest thing that any American leader could do.
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Like, both sides super, super want to stop fighting.
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I mean, they really, really, really want to stop.
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That is the simplest, lowest bar of performance you could ever imagine.
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And Putin just took Biden out of contention for the most important thing that needs to get done, probably.
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People assume, if you look at the polls, that if it's not Biden, it's going to be Trump.
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There's, you know, legal stuff and who knows what.
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Because, basically, Putin is saying, you know, Trump is my man.
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We'll wait for him, and, you know, he'll give me a good deal, so I'll wait for that.
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Because he's basically destroyed Trump's reputation by saying, hey, I'll wait for my buddy Trump to get an office.
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And he's also destroyed Biden by saying he's not going to let Biden solve the easiest problem in the world to solve.
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If you ever thought he was stupid, you better modify that opinion.
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And I hate to be a fanboy for, you know, a murderous dictator.
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But, my God, that's pretty competent, I've got to say.
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Here's just the weirdest thing that's happening.
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Have you noticed that, like, huge stories that should be destroying your brain and be the biggest topic in the world, we're just ignoring?
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And sometimes some things are so big that your brain can't hold it.
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But right now, I'm worrying about pronouns or something.
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And here's the one that really tells the story.
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According to Tucker Carlson, I'll read his opening statement.
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For more than 80 years, the U.S. government has hidden the existence of UFOs.
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So, apparently, Tucker, having now talked to enough whistleblowers and looked into it for months, maybe years, at least months,
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Tucker has decided it's just a fact that UFOs are real and that the government is hiding it from us.
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He's now reporting as fact, verified fact, that we have alien technology in our possession.
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how many of you think we have alien technology in our possession?
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Well, he may be a little more iffy, but he seems to believe that they're real.
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But, for some reason, our government wants to keep it a secret.
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So, the secret would include whether it's even there or not.
00:29:12.020
Now, if there were no UFOs, why would it be a secret?
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I mean, secrecy is the main argument for why it's real.
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Even more than the grainy photographs and eyewitness reports.
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I think people are more persuaded by the fact that they won't tell you what's happening.
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Because your common sense says, well, if there's nothing there,
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the government should have no problem whatsoever saying, yeah, we look, there's nothing there.
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But, could there be any reason, a valid reason, that the government would not want to admit there's nothing there?
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What would be a reason that the government wouldn't want to tell you there's absolutely nothing?
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There's a really good reason, a really, really good reason.
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Because we think our military isn't up to fighting.
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I think that we don't think our military is up to the job.
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And I think that we have to create doubt in other countries that we have a superweapon.
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Because, you know, nuclear war is so scary that, you know, you kind of assume that none of the superpowers are going to use a nuke.
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But what if you had a superweapon that could just end a war without a nuclear weapon?
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But the government knows that they have a benefit to making China think not only do they exist, but we reverse engineer their technology.
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I don't think there's a slightest chance we've re-engineered alien technology.
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So, I'm going to say no alien technology will ever be revealed, at least not in a convincing way.
00:31:37.800
Now, the question you'd ask yourself is, Scott, how could it be possible that you'd have, I don't know,
00:31:44.180
there might have been like a dozen potential whistleblowers, several of which agreed to come forward.
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Some said they, you know, didn't take the risk.
00:31:53.880
How could you explain that if they're not real?
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Could be that that's part of the op, to have some people pretend to say it's real.
00:32:09.480
If you're the, if you were our government, don't you think you could tell people, look, this is going to be an op, you're going to pretend it's real, and you're going to do it under oath.
00:32:27.200
Couldn't the whistleblowers have sort of a presidential pardon in their back pocket?
00:32:31.720
So that they could do something that's, you know, clearly illegal, but it has a national security reason, so they do it anyway?
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The other possibility is that some of them think there are aliens.
00:32:50.360
Because I'll bet some of the whistleblowers have never touched an alien spaceship.
00:32:59.160
I'll bet they all talked to a boss or somebody who said they saw one.
00:33:05.220
I'll bet it's a whole bunch of stories that their co-worker told them that they saw UFOs.
00:33:14.080
I'm still waiting to see the whistleblower who put his hands on an alien spaceship and, like, touched it.
00:33:27.920
There's a rumor that Mark Cuban might be prepping to run for president because he's making some big moves in his business life.
00:33:35.620
He sold a majority stake of the Mavericks, and he's reportedly...
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I saw somewhere else that he was leaving his TV show as well.
00:33:49.480
Now, I don't think that indicates he's running for president.
00:33:58.940
And, by the way, is that confirmed that he's leaving Shark Tank?
00:34:04.360
I saw it on the Internet, so I don't know if it's true.
00:34:06.800
I'm going to say these are not moves to run for president.
00:34:16.580
All right, do you remember when we were talking about Trump's legal jeopardy for overvaluing, some say, his assets to get a bank loan?
00:34:29.840
And I said, as soon as a banker does what bankers do, it'll all go away.
00:34:36.960
And I told you I was a loan officer for years, and loan officers do not depend on the opinion of the borrower for what anything is worth.
00:34:48.680
In fact, it's the number one thing that a loan officer does.
00:34:53.960
The loan officer's number one job is to distrust the borrower.
00:35:02.240
So, sure enough, a senior officer from Deutsche Bank, Gateway Pundit's reporting this, Christina Leila.
00:35:16.500
So they finally get a real banker in there, a banker who can actually tell you what a banker does.
00:35:34.980
Well, he testified that Trump's stated values, his asset values, are merely an opinion.
00:35:40.640
And a difference of opinion in asset values does not disqualify the potential borrower from a loan.
00:35:48.320
That a difference of opinion about what you value things doesn't disqualify you for a loan.
00:35:55.040
Do you remember when I told you that if I'm giving somebody a loan,
00:36:00.020
and they've got a cash flow projection of how much they'll make if they build their new building or whatever,
00:36:06.060
the first thing you do is reduce it by two-thirds.
00:36:12.280
And you see if they can still pay for it if they have one-third of what they think they would make in money.
00:36:18.320
So, my opinion as a lender is that you're full of shit.
00:36:22.460
There's no way you're going to make that much cash flow.
00:36:24.800
So, I reduce it to my opinion, and then I approve it, because sometimes one-third is enough.
00:36:36.580
I mean, it's not super common, but it's well within what I would call routine business,
00:36:41.520
that your opinion than the borrowers are wildly different.
00:36:46.820
And again, I'm not talking about reducing it by 10%.
00:36:49.660
I'm talking about ordinarily reducing it by half or two-thirds.
00:36:57.220
And then you see if they can still get it, and if they can still get the loan, you give it to them.
00:37:06.020
So, he worked on at least one of three loans for Trump, and he said that it's, quote,
00:37:12.520
atypical, but not entirely unusual, for the bank to cut a client's stated asset value by 50%,
00:37:19.500
literally exactly what I told you, and approve a loan anyway, as it did with Trump.
00:37:25.880
Now, this is the biggest indictment of the American media and the Democrats that you will ever see.
00:37:41.840
The only person you ever saw talking about this before now, who was also a banker, was me.
00:37:52.220
Did you see any news network, left or right, have a banker on, who explained how a banker makes a loan?
00:38:01.040
I'm literally the only fucking person in the world who told you that.
00:38:17.800
Do you think there's anybody operating at a high level in business who didn't know this?
00:38:41.440
We don't even have anything like a news business.
00:38:49.440
And probably you wouldn't have heard it from me, except that I'm on the X platform.
00:38:54.980
So once again, the only place you could have seen something that was an approximation of reality,
00:39:05.880
Now, let me say, for those of you who are newer to what I do, every once in a while somebody says,
00:39:12.060
Scott, we hate it when you brag about being right.
00:39:18.040
The show is, I make predictions, and I say what I think is true, and then we check it later.
00:39:24.780
And sometimes I'm horribly wrong, and I tell you.
00:39:27.240
Famously, I said that Putin probably would not invade Ukraine, because it would be just a horrible suicide run.
00:39:42.000
But when I get it right, I tell you that too, because that should be part of your assumptions about how accurate I will be next time.
00:39:49.300
Well, we've learned today, or yesterday, that the Department of Justice was collecting data from the X platform,
00:40:04.600
Data on every person who liked or retweeted Trump when he was on Twitter.
00:40:12.620
But as part of the prosecution against Trump, Jack Smith, Department of Justice, they got access to, because they asked for it,
00:40:21.940
everybody who interacted positively with the Trump tweet.
00:40:26.140
So they could make a list of all the Trump supporters, and they could get a sense of who are the misinformation ones and the dangerous ones.
00:40:49.860
Now, I saw some lists of, you know, the top people on there and stuff.
00:40:58.280
The Department of Justice put me on a list of suspicious bastards
00:41:03.940
because my political preference is well within the normal range of political preferences.
00:41:09.120
That's horrible on a level that's hard to even put in your head.
00:41:14.220
Remember I started earlier by saying there are some things happening that are just so, like, mind-blowingly wrong
00:41:24.960
Like, I don't know how much outrage I can spare for this one because there are just too many.
00:41:30.900
So at this point, the regime can slip an outrage past us so easily.
00:41:42.760
we've always got UFOs to talk about to keep us distracted.
00:41:51.440
has used fake UFO reports to keep us distracted in the past.
00:42:08.540
but it's so important that I would recommend you take a deep dive in it.
00:42:13.880
Because you won't really understand anything you're seeing in the world until you do.
00:42:17.820
And it has to do with this great censorship octopus
00:42:24.960
that was created after Trump won and Brexit won.
00:42:37.900
and they created a way to censor people on the right
00:42:53.540
that created another organization of organizations
00:42:56.520
until there were 100 non-government organizations
00:43:02.200
that were all in the business of hunting down people on the right.
00:43:08.260
They would call it a misinformation, disinformation entity.
00:43:12.020
They would say that they were looking to get better information.
00:43:16.600
But the only people they ever fact-checked were on the right.
00:43:24.620
At no time did they fact-check the hoaxes against Trump.
00:43:32.140
They never once fact-checked any hoax against Trump,
00:43:47.300
So Kanakoa the Great has a great thread on this,
00:43:52.880
who's been the best at laying out all the entities.
00:43:56.220
Because you really need somebody to be a tour guide on this story
00:43:59.580
because it's just too hard to figure out who's doing what.
00:44:12.440
He has some of the best threads on the big stories,
00:44:15.680
so you can see sort of the bullet point version,
00:44:18.620
so you can finally understand complicated stuff.
00:44:20.840
So this started with the Department of Homeland Security,
00:44:43.580
So two of the biggest concerns for the Democrats.
00:44:50.960
to something called the Election Integrity Partnership.
00:44:58.100
So you've got the Democrat-led Department of Homeland Security,
00:45:08.100
They create an entity that's outside of the government,
00:45:17.040
that include the Stanford Internet Observatory,
00:45:22.780
and Latin Council's Digital Forensic Research Lab,
00:45:34.180
from a misinformation thing into a political thing.
00:45:44.660
but, you know, kind of the secret mission below it.