Real Coffee with Scott Adams - Episode 848 Scott Adams： #WuhanVirus, Trump's Nat'l Address, Tom Hanks, Stocks, Bitcoin

00:00:00.000 Alexa, turn on studio. 1.00

00:00:16.800 Hey, everybody. It's time for Coffee with Scott Adams, the best part of the day.

00:00:22.560 I think you'd agree. It's pretty obvious, really.

00:00:26.480 Hello, Dr. Burris. Hello, the rest of you.

00:00:30.000 Jack, good to see you. Come on in here. It's time for the simultaneous sip, and all you need is a

00:00:37.940 cup or a mug or a glass or a tank or a chalice or a stein, a canteen jugger, a flask, a vessel of any kind.

00:00:43.900 Fill it with your favorite liquid. I like coffee. And join me now for the unparalleled pleasure of

00:00:49.880 the dopamine hit of the day, the thing that makes everything, including the Wuhan virus, better.

00:00:55.420 It's called the simultaneous sip. It happens now. Go.

00:01:07.980 So as I often do, I was watching myself in replay. So I play back my periscopes now and then just to

00:01:16.900 see what it looks like and see if I can make it better. And I got to tell you, one of the

00:01:23.540 one of the systems you should implement in your life, and it really, really helps you understand

00:01:30.580 yourself, is making a real concerted effort to monitor your personality after certain conditions

00:01:41.120 have changed. So for example, monitor your personality after you've had a good night's sleep

00:01:46.700 sleep, and then compare it to a bad night's sleep. You're going to see a difference. Hungry versus

00:01:52.300 not hungry. And as you all know, I've mentioned it, I'm coming off of prednisone. So I had some

00:01:59.980 prednisone for some sinus stuff. And it completely changes my personality. And so I note it before I

00:02:07.820 take it so that I can watch myself like an observer, which is really hard. Because when it's you,

00:02:14.140 you don't really feel like you're observing yourself, you're just you. But you can do it if

00:02:19.560 you practice. So I've been watching myself sort of objectively to see if I turned into a different

00:02:25.620 personality on prednisone. And when I watched myself on the playback, I really did. So I'm on the tail

00:02:34.540 end of it now, so it should be normalizing. But as I was watching myself, I thought, I don't think I'd

00:02:41.080 watch that guy. He seems kind of intense and angry and a little belligerent. So my judgment of myself

00:02:51.600 is that I was a little belligerent yesterday and a little bit unkind. I was definitely hard on the

00:02:58.080 president. I doubt I've ever been harder on Trump than I have this week. I think you'd probably agree.

00:03:04.840 But let's talk about all that stuff. Anyway, so it's a good, it's just a good technique to learn to

00:03:12.320 watch yourself objectively and say, hey, is that my normal personality? Is that or is that because of

00:03:17.900 the beds I'm on or I didn't get enough sleep or something? All right, there's a whole bunch of

00:03:22.760 stuff happening. Number one, I understand that the Chinese government really, really, really hates it.

00:03:31.260 When you call this any kind of a Chinese flu or the Wuhan virus. Now, once I learned that the Chinese 1.00

00:03:40.960 government really hates it, when you call the virus that, I decided that from now on, I'll only call

00:03:47.960 it the Wuhan virus. Now, I don't love calling it any kind of a Chinese virus because Chinese refers to,

00:03:57.380 you know, variously the country, the people, etc. And that's a little close to, to making a, you know,

00:04:06.140 an accidental racist sounding statement. But Wuhan is literally the name of government gives

00:04:13.600 a piece of real estate. So that to me feels like more government. And it's the government of China

00:04:20.820 China that I hate with a passion. The people are quite awesome. In fact, let me thank the people

00:04:27.580 of China right now. The, the people of China, as opposed to the government, who sacrificed a lot

00:04:34.340 to slow this virus down. And you guys did a great job for the, for the world. Certainly the people

00:04:43.000 working on containing it in China were not the people responsible for releasing it, if anybody is

00:04:48.960 responsible. Who knows where it came from. But the Chinese people, a plus plus plus. And a big thank

00:04:58.020 you for the sacrifice that you guys did. Because I know you were fighting for your own lives and for

00:05:04.400 your families and for your own country. But it helped the world as well. So thanks. And it looks

00:05:09.920 like things are maybe slowing down over there. So China is really getting a handle on it.

00:05:13.920 In these times of national, not national, global crisis, it's good to take stock of the more

00:05:23.280 sober-minded among us. So leadership, leadership sort of bubbles up where you don't expect it.

00:05:32.500 And you see this in a whole bunch of different ways. People are just sort of stepping up and taking

00:05:37.920 a position on the Wuhan virus. Taking a position, meaning they're saying, what can I uniquely do

00:05:46.420 that would help? What's the thing that I can do that's my skill set? And you see me doing it as best

00:05:53.300 I can. I was just noticing on Twitter that famous, I never know what to call him because he's so many

00:06:02.400 things. But among others, Naval Ravikant is a famous investor and advisor of startups and things like

00:06:10.660 that. Now, he probably wouldn't call himself that. But within his talent stack, there's this tremendous

00:06:17.960 range of investment, business understanding. And so he tweets, I think it was last night,

00:06:25.660 and he said, current market panic feels overblown. Now, when somebody like Naval says that, it means

00:06:33.500 more, right? So if the smartest, most experienced people are saying the market looks overblown,

00:06:40.920 they're saying it for a reason. They're saying it for a reason, because the economy is a psychology

00:06:46.240 machine. And the people who understand that and have important positions, you know, in the world where

00:06:52.860 they can say, look, I'm experienced. Listen to me on this topic. That's what Naval's saying.

00:06:59.200 And he's saying that the current market panic feels overblown. This is a short-term shock.

00:07:04.740 Asian countries show social distancing, assisted by seasonality in the Wuhan flu, that's my word, 1.00

00:07:12.380 works. Headlines will worsen as mass testing begins. So in other words, it's going to look worse

00:07:20.080 just because we're discovering more of it as we get better at testing. And he says,

00:07:24.500 take it seriously for yourself, wear masks for others, don't panic, trade. He says, I don't.

00:07:30.340 So don't do panic trading. So you know that old saying that I'm not a big fan of it, but you know,

00:07:37.420 there's nothing to fear but fear itself, whichever president said that, Roselle. And

00:07:43.480 this is one of those cases where that's purely true. The only thing that would destroy the,

00:07:51.260 you know, the financial markets is bad thinking. So if we, if we just decide to be too afraid,

00:08:00.380 well, we'll all go, you know, basically run off a cliff together. But it takes people like

00:08:06.920 Naval, and I hope that my voice adds to this a little bit to say, this is temporary because it

00:08:15.880 is. I would say the one thing that you could bet on with the greatest certainty of anything you've

00:08:22.640 ever bet on is that it's temporary. Most things are. And so we'll be fine. Just keep your psychology

00:08:31.340 strong. This is not the time to panic sell. And I find that a helpful message. So when people,

00:08:39.660 when people of that station tell you to relax, that means something. And that's helpful.

00:08:49.000 So there was a apparently a fascinating interaction last night on CNN, where Don Lemon was interviewing

00:08:56.340 John Kasich. Now Kasich, of course, is no fan of President Trump, but he is a moderate Republican.

00:09:03.400 And Lemon was trying to get John Kasich to say bad things about Trump's national address last night

00:09:11.420 about the Wuhan virus. And Kasich wouldn't do it. Kasich basically said, yeah, it was pretty good.

00:09:19.860 Yeah, it was 98% okay. Yeah, he had to clarify a few things. Big deal. He was reading it for a

00:09:25.160 teleprompter. So obviously, it was prepared and all the right people saw it and everything.

00:09:30.100 And I guess Don Lemon was flipping out because he couldn't get Kasich to say something bad about

00:09:35.520 Trump in a crisis. Now, I don't think I've ever liked John Kasich better than last night.

00:09:44.000 So much so that I thought if he had, you know, if he had re-registered as a Democrat,

00:09:48.840 Democrat, and just ran as a Democrat, I mean, he'd have a shot. Because he's a completely reasonable,

00:09:57.260 level-minded guy who's never been crazy. And I appreciated him a lot last night, just sticking up

00:10:04.600 for the fact that the president's address. And I'll give my own criticism, so I'm not agreeing with

00:10:12.000 Kasich's view. I just appreciate the independence of it. The fact that he wasn't going to take a side

00:10:17.940 during a crisis when he so easily could have, you know, criticized the president. Because he's

00:10:25.400 criticized the president a lot. It's not like Kasich doesn't know how to criticize the president. He

00:10:31.080 knows how. But he chose, during this panic, not to nitpick on something that wasn't worth

00:10:36.640 nitpicking on something. Good job, John Kasich. Appreciate the leadership. Here's a question for

00:10:44.980 you. None of this is going to be in any particular good order today. But why don't we know more about

00:10:51.900 ventilators? Here's my question for the news media. And I would actually like you, the news media,

00:11:01.120 to send a reporter somewhere. You know, send somebody out and get a report on this. Who's making our

00:11:06.580 ventilators? And how quickly are we ramping up? Why is that not the biggest story? Because it's

00:11:13.780 the most crucial piece of equipment, the thing that will be most in demand if things crest the way

00:11:19.720 we think they will. But who makes them? Do we even make them in the United States? Are they hard to

00:11:25.540 make? If we wanted to suddenly go from, you know, making $100,000 a week to $10,000 a week, could we do it?

00:11:33.620 I don't know. So, you know, in World War II, one of the most amazing things was that the United States

00:11:42.440 industry just sort of immediately transitioned into making tanks and war materials, etc.,

00:11:49.940 and did it pretty quickly. I don't know what quickly means in that context, but it was quick.

00:11:54.800 So here's a question I ask you. How close are we in terms of the totality of technology from robots to

00:12:05.540 3D printers to you name it? How close are we to spinning up a factory to make a product that's,

00:12:15.000 let's say, robot run starting from scratch? Like how quickly could we build, even if it's a temporary

00:12:22.280 facility? You know, you saw China build these entire hospitals, temporary hospitals, but they

00:12:27.900 built them in like a week. What would it take for the United States with all of its resources in an

00:12:36.040 emergency to spin up a robot manufacturing facility for ventilators? Because, you know, you could skip a lot

00:12:44.880 of safety stuff. You know, it's a temporary building. It's an emergency. You just wave all the red tape out

00:12:52.980 of the way. So if you got rid of all the red tape, what could the best engineers with unlimited resources

00:12:59.700 of the federal government, highest priority working day and night, how fast could we do it? And why don't

00:13:06.100 we have, because somebody's doing it right now, right? I mean, somebody is making more ventilators,

00:13:11.360 I think, right? Nobody's making new ventilators. I believe they are. And how about if you wanted

00:13:19.540 people to help? Suppose it's an assembly line situation. Do you think you could find enough

00:13:26.320 people to work on the assembly line temporarily to make these ventilators? Yeah, of course. Unlimited labor.

00:13:32.980 You want labor to assemble ventilators? You got it. I'll do it. I'll volunteer tomorrow. I'll make you some

00:13:42.560 ventilators. It's an emergency. Of course, you have all the labor you want. So you have all the money, all the

00:13:47.180 labor, all the knowledge. How fast could we put them together? And why isn't the news showing us videos of the

00:13:53.080 people who are actually doing that? I have a real curiosity about that, because it seems like the main, there

00:13:58.980 might not be anything that's more important in the end. That's what's going to keep people alive, I

00:14:03.460 think. All right. I was pretty disgusted watching the news last night. I don't know if this is the

00:14:15.920 prednisone still talking. So here's one of those points where I have to catch myself, and I say,

00:14:22.900 all right, it's the next thing that comes out of my mouth, because I know what it is, you don't.

00:14:26.480 It's the next thing that comes out of my mouth. Is that my normal personality? I don't really know.

00:14:33.680 It doesn't feel like it. It feels a little more aggressive than normally I would be.

00:14:38.540 But I'm going to do it anyway.

00:14:42.560 I've been trying to figure out why there's so much loser think on social media, more than usual,

00:14:50.020 and specifically around the Wuhan virus. At first I thought to myself, oh, it's just because I'm

00:14:56.680 noticing it more, because there's a new topic for people to be dumb about. So I'm just tuned to it, 0.97

00:15:02.760 so I'm just noticing it more. But there was a similarity to it that I kept saying to myself,

00:15:09.700 why is there this weird similarity to the things people are saying that don't make sense? And

00:15:17.060 unfortunately, I found the source. I found the mothership. And here's what I'm talking about.

00:15:23.880 I keep seeing people comparing the Wuhan virus to regular flu death rates. And people will say,

00:15:36.700 well, a regular flu death rate is tens of thousands a year. The Wuhan virus has only killed a few

00:15:43.340 relative to that. There you go. And every time somebody does that, I just say to myself,

00:15:50.700 stop it. Stop it. Stop it. The stupidity is drowning me. Stop comparing the wrong things.

00:15:59.500 Who compares a problem which by its nature is going to be logarithmically, exponentially increasing,

00:16:09.500 but it's just starting? Who compares that to something that's already run its full course?

00:16:15.200 Well, not smart people. Smart people do not compare a regular virus that's already done a full year of

00:16:23.040 killing people to something that just started. Because wouldn't you expect the regular flu would

00:16:28.980 be a big number? Because it's already done. And the new one is just starting. Who compares those?

00:16:35.440 Who is so fucking dumb to say that in public over and over again, besides the president of the 1.00

00:16:41.360 United States? Sorry. Sorry. Sorry. The president did the same thing. I'm not going to give him a pass 1.00

00:16:47.240 on that. And then I turned on TV last night to Fox News. And I'm watching Sean Hannity say that.

00:16:55.100 And I thought to myself, well, Sean, you're a smart guy. You know, it's good context to say the regular

00:17:02.080 flu kills this many. I think that's good to know. And I'm happy that people are reporting that.

00:17:08.860 But then he says, and the Wuhan flu is, you know, only killed this many. And then I'm waiting for

00:17:15.060 Sean to say, but it's just starting. So you shouldn't compare something just starting to

00:17:22.880 something that's already done. So I'm waiting for Sean to say that. And then he changes the topic.

00:17:29.240 He keeps talking. And I'm like, oh, okay, well, maybe he'll circle back to it. And then he doesn't.

00:17:37.600 He doesn't. And I'm thinking, that's where this shit is coming from. That's where it's coming from. 1.00

00:17:45.180 It's coming from Fox News. I read an article last night. Who was it? Was it Margaret Sullivan or

00:17:52.220 something? Who said that it would save lives if Rupert Murdoch would bear down on Fox News and tell

00:18:00.700 him to stop saying basically that. And when I read that, I thought, come on, you know, this is just

00:18:08.160 inside baseball. And, you know, it's not going to save lives if Fox News reports things differently.

00:18:15.980 And then I watched Sean Hannity show. And I thought, no, I agree with that. I agree with

00:18:23.460 that. If Rupert Murdoch wants to be responsible during this crisis, he should talk to Sean Hannity

00:18:30.040 and tell him to stop doing that. He should actually just say, look, I'm the boss. It's an emergency.

00:18:37.460 Normally, I don't bother you. You know, you do your show. That's our deal. It's not my opinion

00:18:42.520 that's your show. It's your opinion, Sean Hannity. But stop comparing it to the flu and

00:18:47.440 then stopping. It's fine to compare it to the normal flu and say, but people, we're just

00:18:54.420 starting. So, you know, this new one is 10 times more dangerous. We think it could be

00:18:59.580 far bigger than a regular flu. That would be great. But, Sean Hannity, I think you need

00:19:09.700 to raise your game a little bit for the greater good. I'm not going to put this, because it's

00:19:16.320 an emergency, I don't like to be hard on people. I'd rather that I would coerce people to be

00:19:22.800 on the same side. So, Sean Hannity, and by the way, I'm a huge admirer of Sean Hannity's

00:19:30.040 skill stack. I think I've talked about that before. If you look at the number of skills that

00:19:34.880 Sean Hannity puts together to do what he does, it's jaw-dropping. I mean, he has a lot

00:19:41.540 of skills that fit together really well. But I don't think one of them is economics,

00:19:47.300 as far as I know. I don't think it is. And economists and scientists are better at comparing

00:19:54.080 things. And I think because it's a national emergency and people do need to take this

00:19:58.180 seriously. I think that, Sean Hannity, I would like to ask you directly to, you can still

00:20:04.540 make, obviously, it's still helpful to say that normal flu kills a lot of people. But

00:20:09.260 put it in context. Please. Please. I mean, it's an emergency. We need to have the best information

00:20:16.340 out there we can. All right. So, here's some other, we'll talk about the President's address

00:20:22.660 in a minute. Well, actually, let me talk about it now. So, it's a political season, so it's

00:20:33.220 impossible to separate the politics from any of this stuff, even though we should. Here

00:20:37.680 was my take on the President's address. First of all, it was somber but low energy. I don't

00:20:45.440 know. I heard a lot of people say they loved it because it was the right tone. It's very

00:20:51.800 weird to watch Trump be low energy and read off a teleprompter because you can tell he's

00:20:58.460 not in his comfort zone. My take on it was it was fine in terms of the presentation. It

00:21:05.800 was fine. It wasn't great, and he's capable of being great. But fine was all we needed.

00:21:12.160 We just needed to hear from the President. We needed to feel like he's in charge, taking

00:21:18.140 this seriously. He had all those notes. So, I would say there was, I didn't see anything

00:21:23.420 I would criticize in it, but it wasn't a home run or anything. It just was a, just a good

00:21:29.260 solid presidential speech. But interestingly, he decided to close traffic to Europe, air traffic.

00:21:36.880 Now, here's the way I think you should look at Trump's performance. Because none of us

00:21:47.420 are really good at evaluating presidents. We're not. We think we are. We all think we're geniuses

00:21:54.320 at evaluating presidents, and I'm no different. But we're not good at it, and it's good to keep

00:22:00.640 that in mind. One of the reasons that we're not good at it is we forget that the valid comparison

00:22:05.800 would be this president in this situation, versus a different president, but the same

00:22:11.300 situation. And that can't be evaluated. Because there is no way to evaluate a different president

00:22:17.280 in this same situation. It can't be done. So all you know is how one person did it, and

00:22:22.480 then you imagine how it could have been done differently, and you end up comparing your imagination

00:22:28.160 of how it could have been done differently to what was actually done. And that's not a valid

00:22:32.260 comparison. Because your imagination is not some kind of standard to which all things can

00:22:36.860 be compared. That said, here's a useful way to break out your opinion. There aren't that

00:22:46.920 many parts of this emergency that the president actually does. The president is one of the least

00:22:53.500 important people in the emergency. I know that's weird, but he's actually bordering on irrelevant.

00:22:59.540 And when I say that, that assumes he does the right things. The small things he does are

00:23:05.820 right. So he needs to focus the country's attention. Done. I'd say 100% effective. He needed to do

00:23:13.800 the things that only a president can do, such as closing the traffic from China and now closing

00:23:19.900 it from Europe. I would say that he did those aggressively and decisively. And I give him

00:23:26.540 N.A. for full grades for doing the things the president can do, specifically just the president's

00:23:34.180 job. Then he asked for $2.5 billion. Congress said it's going to be closer to $8.5. He said,

00:23:40.960 that's fine, I'll take it. You could argue he should have asked for the $8.5 first. But I don't take...

00:23:48.820 That's just small ball. In the real world, if you've ever done anything important in the real world,

00:23:55.280 a situation like this is not aim, fire, hit the target. That's not the world we're in.

00:24:02.960 We're in the world of aiming wildly in the general direction because it's an emergency.

00:24:08.140 You shoot, you see how far off you were, you adjust. So we're in... The world we're in is a

00:24:14.680 take a shot, adjust, take a shot, adjust, adjust, adjust, adjust. It's an adjustment world. It's not

00:24:21.820 it's not a laser focused hit the target world. And so when I see the president asked for $2.5 billion,

00:24:28.620 but then Congress says, no, we're smarter, it's $8.5 billion, $9.5, whatever it is, you know,

00:24:34.180 let's adjust. Happened quickly, happened without any friction, right? There was no friction to the

00:24:40.980 adjustment. So as long as you're seeing people take a shot and then adjust quickly, that's everything

00:24:46.780 you can hope for. That's your government working exactly the way you want it to. Adjust, adjust,

00:24:55.420 adjust. So the things that the president can do, I think he nailed. Like the decisions the president

00:25:03.120 does. He put the money there, he got the right person, gave it the right attention, did the

00:25:07.480 presidential address, close the airports early. Those are all the things he can do.

00:25:13.000 Beyond that, his messaging, I thought was poor, but also irrelevant. Because as long as he's willing

00:25:21.560 to say, blah, blah, blah, here's what I think. Now let's listen to my expert. And I think it's entirely

00:25:28.820 obvious that Dr. Fauci, correct me if I'm wrong, but it seems to me that the experts that the president

00:25:38.480 has chosen are strong personalities who understand the nature of the threat. I believe Dr. Fauci and

00:25:45.980 probably the others would stand right next to the president in public and contradict him. Because

00:25:52.720 they have. Right? Now, would a plain political person contradict the president if they were on

00:26:00.340 the same party while standing in front of him in public? Well, not so readily. You know, a lot less

00:26:06.320 likely. But I think these professionals are different cats. When you listen to Fauci speak, there's nothing

00:26:13.180 political there. There is nothing. Nothing. And that's hard to do. I mean, he is so, Fauci is so clear of

00:26:22.040 political, even vibration, that I put a lot of credit in that guy. So I have complete trust

00:26:30.600 that the experts are telling the president what needs to be told, doing the things that need to

00:26:36.120 be done. And when they do it wrong, they're adjusting. So one of the things that was wrong

00:26:41.200 was the test kits. How much? And I don't know what the details were, but the early testing stuff

00:26:46.380 was too little, didn't work, too late, whatever. So there are questions to be answered there.

00:26:52.040 But, you know, was the president of the United States aware that we didn't have enough test kits?

00:26:58.620 Well, no. But of course, the buck stops at the top. So they're adjusting. But here, too,

00:27:07.860 the same story I said with the ventilators, we should know about the test kits. I'd love to see

00:27:13.420 the news reports actually standing in the factory floor watching the people try to scramble to make

00:27:22.080 more test kits than they've ever made before. I want to see that process. And maybe there's something

00:27:26.860 we could add to it. Right? Do they need labor? Do they need funds? Do they need expertise? Do they need

00:27:34.140 me to call somebody who can make something happen faster? I'd help?

00:27:42.600 Anyway, so I thought the president's presentation was adequate. Hit all the notes. Any complaining

00:27:49.360 about it would not be substantial. So I think we're on the right track. And I agree with Naval

00:27:56.020 that the beauty of this problem is that it has a timer on it. We know with a very high degree

00:28:05.080 of certainty, because of the Chinese and South Korean experiences, we know that we can get

00:28:09.780 a hold of this. We know it'll be hard. But we know we can do it. So let's treat it like

00:28:16.520 a short-term thing that it is. I saw Mike Sertovich noted that if everybody starts doing online

00:28:27.840 education, if the colleges stay closed for a while, or maybe even the schools, the lower

00:28:33.140 schools, people might find out that they like online education better. And they might. That's

00:28:40.980 definitely a possibility. You have some other unintended consequences that are starting to

00:28:45.600 form. One is that I think telemedicine might have a resurgence. You know, it's already growing,

00:28:54.300 but I think telemedicine will get a big boost. So you'll see that. And I think you'll see

00:29:00.100 online shopping for groceries just become a thing. I just tweeted, I think I tweeted it or

00:29:06.120 liked it, I forget, a story that broke my heart today. So I'm going to tell you to break

00:29:11.340 your heart. It was a woman who was tweeting, who was telling the story, a young woman. She

00:29:17.040 was in the grocery, she was in the parking lot of her grocery store. And she heard somebody

00:29:22.400 yelling from inside a car. And it was two elderly people who were inside the car. They, they cracked

00:29:27.880 the window open. And apparently they'd been sitting in their car for 45 minutes, trying to

00:29:33.960 yell to passersby that they were afraid to get out of their car and go in public to shop

00:29:39.760 for groceries. They didn't have food. And they were yelling to people to help them. Apparently

00:29:46.180 they didn't have much of a social family support system. So these two elderly people went there

00:29:53.440 and sat in their car and yelled through a crack in the window. And finally this woman said she'd

00:29:57.900 buy them some groceries. So they, so they put out some money and a shopping list. And so

00:30:02.620 she shopped for some things and putting them, put them in her trunk. Now there might be a lot

00:30:08.740 more of that going on. There might be a lot more seniors who are panicked and don't, don't

00:30:15.540 have the capacity to get through this the best way. So I would say if you know anybody, you

00:30:22.680 know, in that over 70 age group, you might want to check up on them. And one way to help

00:30:28.680 them might be to, um, set up some online grocery shopping and maybe you have to do it for them,

00:30:35.520 but just have their address and their credit card on it. So the food would be delivered to

00:30:40.480 them directly. So, um, I don't know how to help the old people in your life, but put some 1.00

00:30:47.060 work into it. So figure out who is your most vulnerable person in your circle and then figure

00:30:53.240 out what you can do to help them. Cause this Wuhan virus is not a spectator sport. As I say,

00:30:59.280 this is, this is all of us, this is all of us doing different things and you're going to have

00:31:05.760 to help out with some elderly people. Uh, Tom Hanks and his wife apparently have the coronavirus.

00:31:11.820 Uh, they're in Australia doing a movie and it's reported that they have it. Their symptoms are mild.

00:31:17.060 But here's the thing that got me a little, uh, close to home. Uh, so Tom Hanks is 63 years old and

00:31:24.460 reportedly somebody will have to confirm this. He has type two diabetes. Is that true? And that's

00:31:31.620 one of the top risk factors. So he's over 60. That's a risk factor. And he has a special condition.

00:31:38.780 Uh, I'm sure it's well, well treated and monitored and you'd have, you know, obviously the finest

00:31:44.300 healthcare, but here's why this scares me in particular, I'm going to be 63, his exact age.

00:31:53.080 And I also have, uh, a risk condition in my case, asthma. And so I'm watching Tom Hanks,

00:32:00.080 like he's the canary in the coal mine for me. So if, if Tom Hanks survives, uh, and he's still alive in a

00:32:09.220 month, I'm going to feel a lot better about myself. Selfishly speaking, I'm sort of using him as my,

00:32:17.800 my surrogate. If he survives the coronavirus, I'm pretty sure I can. Cause you know, he's a very

00:32:23.320 healthy 63. I'm a very healthy 63, except for that one, one issue. Now, of course, my problem is,

00:32:30.700 is, uh, is a lung problem. So I probably have higher risk. Uh, if we are checking our prediction

00:32:40.160 models, I would like to check mine for you. Number one, uh, did you see the video of Kamala Harris and

00:32:50.020 Joe Biden together in which they, they pretend they're doing an endorsement and Kamala says she's 0.81

00:32:56.660 endorsing Biden. And then they do a staged artificial conversation after the, after the

00:33:03.500 director yells cut in which Kamala talks about her, I guess her supporters are called the K hive 0.99

00:33:09.680 for Kamala K hive. And Joe Biden talks directly to them and hopes that they will support him in his

00:33:16.480 campaign. But the, the actual most interesting part of the little video, because we know that

00:33:23.100 the Democrats are lining up behind Biden. So that's not surprising, but the part of the video

00:33:27.660 that is most interesting is their chemistry. Watch, watch the, uh, if you have a chance,

00:33:34.780 watch it or watch it again, watch the chemistry between Kamala Harris and Joe Biden. It's really

00:33:41.540 good. It's actually really good to me anyway. I mean, I suppose I could be fooled by it, but from

00:33:48.840 an observer's perspective, they look actually like a good pair, like they have some genuine affection

00:33:54.600 and apparently the backstory is that they do because Kamala was apparently very close with

00:34:00.460 Bo Biden and therefore Joe Biden. So I think Kamala is going to be it. Best prediction I ever made

00:34:09.560 because as vice president, she would be effectively the presidential candidate. Um, but here's another

00:34:16.200 one. So I think it was fact checking me on this, but I think I'm right on this. It was January 28th

00:34:22.680 that president Trump called for the ban on travel to China, January 28th on January 24th.

00:34:31.860 Most of you watched me go absolutely crazy on Periscope yelling that we should close the borders.

00:34:39.160 So that's a four day difference. So January 24th, I was aggressively calling for the Chinese 1.00

00:34:45.800 travel to stop. And when I said it, I don't know if anybody else had, um, somebody says, wow, Scott,

00:34:57.760 you love that Harris lady, don't you? Apparently you're new here. Nobody has criticized Kamala Harris 1.00

00:35:04.360 more than I have, but that doesn't change the fact that demographically she's a good fit for the, 1.00

00:35:13.240 the ticket. And it doesn't change the fact that she has really good chemistry with Joe Biden. And,

00:35:19.280 you know, honestly, let's look at this way. If, if you assume that Joe Biden, uh, has some declining

00:35:26.640 mental, uh, situation there, who do you want as the vice president? Do you want somebody that he picked

00:35:33.240 who's just some governor that he doesn't have any connection with that just fits well within the ticket,

00:35:38.580 but wouldn't have any special connection to him? That would be kind of dangerous, wouldn't it?

00:35:45.440 Because if, if the risk that you're looking at is that Joe Biden might be, uh, you know, not fully

00:35:51.680 able to complete a term as president, you want that vice president to not just be capable of taking over

00:35:58.460 the job, but you want them to have a really good connection with the boss because that's a delicate

00:36:05.120 conversation. And it might not be a case of where a medical doctor says, okay, I'm, I'm calling the,

00:36:11.360 I'm calling it. I'm a medical doctor. You know, we need to replace the president. I, I don't know if you

00:36:17.900 wait for that. You want somebody who's close enough to the president to say in a private, in a private

00:36:24.040 conversation, you know, Joe, you saw what you did yesterday. I'm worried about it. I think we ought to have a

00:36:32.120 serious conversation about this. I think Kamala Harris might be close enough to him personally

00:36:38.500 that she could have that conversation. I don't know if a governor could, just some random vice 0.99

00:36:44.000 president he picks because it fits good on the ticket. So I think she's a guarantee anyway. So

00:36:48.680 what I'm going to say about, uh, I called for the travel ban on January 24th. The president did it on

00:36:53.220 the 28th. He's being praised for doing it early. Uh, I would like to add this to my correct predictions,

00:37:01.820 even though it wasn't in the form of a prediction, because I, I don't know if anybody in the country

00:37:08.460 said it before I did. Can anybody confirm that for me? Was there, was there any, uh, public person?

00:37:16.100 I'm sure there were private individuals, plenty of them, but was anybody in public

00:37:20.380 calling for the Chinese travel to be shut down completely before I did on January 24th?

00:37:28.080 Let me know. Cause I, I'd like to feel like, um, I was a constructive voice in that.

00:37:36.220 Uh, but I, there's no way to really know. All right. Um, let's see. How's the social distancing

00:37:46.020 coming for all of you? Um, I've just sort of track my social distancing, you know, put numbers

00:37:54.180 on it. I'm doing it in my mind. I'm not, not keeping a spreadsheet, but yesterday, for example,

00:37:59.520 um, I shook zero hands and I was in zero crowds.

00:38:06.600 And the only person I touched was Christina. So I'm doing okay. Uh, I, I've not stood. And by

00:38:18.900 the way, have you noticed that everybody in public is squirrely? Have you noticed that?

00:38:23.660 Somebody says, somebody says, shut TF up. Kamala sucks. And everyone knows that. Uh, maybe some of you 1.00

00:38:35.140 are new, but on this periscope, we're allowed to say that somebody does things well, but also does

00:38:41.620 some other things not well. If you can't handle that, you're on the wrong periscope. Yeah. The

00:38:48.580 minimum requirement for being able to watch this periscope is that you have to be able to say that

00:38:53.480 people are not all bad or all good and groups are not all bad or all good. Well, okay. There's

00:38:58.900 probably some groups that are all bad, uh, but we don't talk about them too much. So, you know,

00:39:05.220 try to, try to improve your game so that you can accept that people could be good at things and bad

00:39:10.380 at other things. It's a thing. It really is. Um, NBA got canceled. All the rallies are canceled.

00:39:18.580 Um, remember I told you yesterday that the president should have gone first because whoever

00:39:24.120 goes first just looks like they're the smart one. Cause you know, it's all going to happen.

00:39:27.680 Might as well go first. Um, the weirdest, just the weirdest story about this NBA cancellation is that

00:39:36.340 the, so there was one player, Gobert, G O B E R T, or is it Gobert? This is again, makes me feel

00:39:45.500 like the simulation is winking at me that, that the guy who's in the story has a Bert as the last

00:39:51.560 part of his name, Gobert. Anyway, so he's a basketball player and prior to be prior to being

00:40:00.480 tested and finding out that he is the first NBA player confirmed to have the coronavirus

00:40:05.740 prior to testing. This is the funny part. Before he was testing, he's giving one of these little

00:40:11.620 pressers where each of the players come out, you know, by themselves and talk to the press

00:40:16.520 and he jokingly stands up and makes a joke about the coronavirus. And then in front of the cameras,

00:40:23.300 he jokingly touches all the microphones and all the places like he's joking that he's going to

00:40:29.040 spread the coronavirus to whoever comes next to the microphone. He did that on camera,

00:40:35.280 joking. And at the time he did it, he didn't know he would be the first person tested to actually have

00:40:45.000 coronavirus. What, what is happening? Is the simulation, is it just screaming at us to know

00:40:54.920 that this is made up? I mean, does that seem real? Was there, was there one other basketball player

00:41:01.460 that we could find video footage, video meaning, you know, that you actually see it in which they

00:41:08.840 were joking about having the coronavirus? Was there even one other player anywhere in the,

00:41:14.940 in the professional athlete world? The only one who joked about it on camera is also the first one to

00:41:21.260 be confirmed to have it? What's happening? How is that even possible? Somebody says he's pronounced

00:41:28.460 Gobert, which sounds, sounds correct. All right. So I think the, the world of large social gatherings,

00:41:40.700 I can see two things happening. You know, I had always predicted that large gatherings would have

00:41:46.820 to be canceled, at least outdoor gatherings because of drones, you know, and terrorists. It just seemed like

00:41:53.580 that was obvious, but maybe the, the other reason will be pandemics. And by the way, it's officially

00:42:00.580 a pandemic, which changes nothing. Let's talk about the worst forms of loser think I'm seeing here.

00:42:06.860 I mentioned one, and I'm just going to run through this list. You've heard some of this,

00:42:12.200 but it's worth reminding you because you're going to see so much of it. One is that people are comparing

00:42:18.920 Italy, who's having all kinds of trouble with their hospitals. Their hospitals are overloaded with

00:42:24.140 Corona or Wu, Wuhan virus patients. And people are saying, but don't worry about that, Scott,

00:42:33.120 because that's Italy. You know, Italy is not the United States. We're not going to have that kind

00:42:38.680 of problem. They just have, you know, whatever lesser healthcare services or whatever. Now that's

00:42:45.260 loser thick. And here's why you do not compare, or you should not rationally compare the Italian 0.95

00:42:52.340 situation right now to any future American situation. The, the accurate and useful comparison

00:42:59.420 is Italy now with the Corona virus versus Italy with a normal virus in other years with just the

00:43:07.620 normal flu. Have their medical facilities ever been overrun? And the answer is no. So that's

00:43:15.240 why you need to know that this virus is not like other viruses. Don't feel that you're safe because

00:43:21.160 that's only going to happen to some country that has less resources or something. Because even in

00:43:27.100 the top hospitals, you know, the really high end hospitals in Italy, they're still having the same

00:43:32.180 problem. It has nothing to do with the quality of the medical care or anything. It's just a bad flu.

00:43:39.280 So the first loser think is comparing other countries to us. You should only compare those other

00:43:44.580 countries to themselves in the past with the regular flu. That's your best comparison.

00:43:50.620 Now, other people say, Scott, Scott, Scott, if you think this flu is bad, explain to me why South Korea 1.00

00:43:57.860 has already got apparently control on it. So their number of new cases was declining.

00:44:03.540 To which I say, that's the exception that proved the rule. South Korea did what nobody else could do,

00:44:11.380 just massive testing and social distancing and fast acting and, you know, just really dramatic

00:44:18.040 changes very quickly. And it worked, apparently. Or at least it worked in the sense of slowing it down.

00:44:26.140 I don't think we're going to eradicate it right away. But what you should learn from that is if you take

00:44:32.400 drastic action, you can slow it down. That shouldn't tell you anything about what's happening in Italy

00:44:37.960 because they didn't do that. It's just a different situation. And of course, don't compare the regular

00:44:45.960 flu to this flu because the regular flu has already run its course. We know it's full numbers. This one's

00:44:52.160 just starting. And the risk is that it ramps up faster than those other ones. So understand the

00:44:56.820 difference. So those are the main things. All right. Here's some more loser think in the form of

00:45:08.320 analogy. This is from actor Kumail Nanjiani. I think he's the actor on Silicon Valley, if I'm correct. 0.64

00:45:20.440 He might be a stand-up comedian too. I'm not sure what he does. Anyway, he offers this analogy

00:45:26.160 about closing the flights to Europe from Europe. He says, trying to fight the coronavirus by

00:45:32.480 limiting travel between Europe and the U.S. is like trying to clean a coffee spill by washing

00:45:38.840 the coffee cup. So it's actually a clever analogy. So in terms of cleverness, it's an A+. And it's

00:45:47.940 basically a version of closing the barn door after the horse got out. So he's basically just

00:45:52.960 saying it's too late. To which I say, what? What is wrong with your brain? If there's new virus coming

00:46:02.340 in from Europe all the time, it's never too late. It can't be too late if new virus is coming into the

00:46:10.880 country and it's not already here in the same amount or worse. So using an analogy of a coffee cup

00:46:19.380 is so non-rational, non-thinking craziness. Now, what are the odds? I didn't look at his biography,

00:46:30.700 but what are the odds that Kumail Nanjiani, who's an actor by profession, what are the odds that he

00:46:36.560 also has a background in science or STEM or economics? Probably low, you know, unless he just thought it

00:46:44.600 was funny, I suppose. And he knew it wasn't logical, but it was funny. Can't rule that out.

00:46:49.560 Here's another one. Another opinion. And the funny part is who it comes from. So I'll tell you the

00:46:56.240 opinion first, and then I'll tell you who it comes from. Okay? So that's the fun part. All right. So

00:47:01.940 this is from a tweet. It says, we're weeks past the point when suspending travel from Europe could

00:47:08.380 have even remotely been seen as a strong measure to prevent coronavirus spread. And then the tweet

00:47:16.040 goes on. This is Stephen Miller orchestrated xenophobic sleight of hand. So that the real

00:47:22.840 clever plan here is xenophobia. And the tweet goes on. We need solutions for the crisis we're facing at

00:47:31.260 home right now. All right. So this is somebody who thinks we're weeks past the point when suspending

00:47:38.740 travel from Europe would have been seen as a strong measure. What? I'm pretty sure everybody

00:47:46.920 who was surprised by it last night thought it was a pretty strong measure. What would be a stronger

00:47:53.960 measure than closing travel from Europe? Which, by the way, a lot of Europeans are white. Just 1.00

00:48:02.940 saying. Just saying. Doesn't seem so racist. So this is one of the dumbest, if I'm being honest,

00:48:12.880 this is one of the dumbest, lowest level of thinking and awareness I could ever see. You've 1.00

00:48:20.700 got this ongoing flow of problems. And the president stopped it before anybody even thought it was on

00:48:27.660 the table. And this guy says it should have happened sooner. Which is literally a chapter in my book,

00:48:34.500 Loser Think. If you look back on my shelf. Maybe it's not there anymore. Oh, there it is. It's this one.

00:48:42.540 It's called Loser Think. You can't see it because of the light. But there's actually a section in there

00:48:50.900 where I'm talking about exactly this. All right. We're talking about exactly the fact that you can

00:49:00.560 always say that something should have been sooner. So that's actually a chapter in the book called

00:49:07.660 Loser Think about bad ways of thinking is that no matter what you do and how good it is, somebody's going

00:49:14.880 to say you should have done it sooner. Right? Because you can always do it sooner. There's no exception to you 0.88

00:49:21.400 should have done it sooner in the real world. I mean, hypothetically, there could be, you know, in a

00:49:27.060 technical sense. But in the real world, there's never an exception. You always could have done it sooner. So that's

00:49:33.600 the dumbest complaint because it's just universally true. So who is this guy who makes the dumbest point 1.00

00:49:43.100 in public without knowing it's so dumb you should not say this sort of thing in public? What kind of 1.00

00:49:49.100 job would this guy have in which he's so dumb? And so I checked his profile and he was the communication 0.99

00:50:00.200 and strategy for campaigns and candidates. And he was the former national press secretary for

00:50:07.020 Kamala Harris. That's right. The guy, the guy who was part of the campaign that I had identified

00:50:18.660 months ago as the worst, really the worst campaign I've ever seen. He was on that campaign. And sure

00:50:27.060 enough, I had identified him as extra stupid from his tweet. And then I looked to see where 1.00

00:50:32.360 he works. And I find that I had already identified that campaign as extra incompetent. Coincidence?

00:50:41.500 I don't know. Yeah, his name is Ian Sams. Not that that matters. All right.

00:50:48.720 I think that's about what's going on. I don't know what's happening with this Kamala Harris 0.50

00:50:59.580 thing. It's sort of weird because I feel like I'll say ABC and then I'll watch right in front

00:51:08.220 of me and people will say, Scott, why are you saying XYZ? And I'll say, well, I'm not. I just

00:51:15.420 said ABC. And I reject XYZ. And then within five seconds, somebody will say, but why do

00:51:24.020 you love XYZ? And I'll say, I don't know what's happening. What's happening? No, my view on Kamala

00:51:32.600 Harris is that she's likely to be the vice president. I don't think she is my first choice for anything.

00:51:37.800 But there you have it. She's got some skills and she's got lots of issues that she needs 0.99

00:51:44.480 to improve. Why can't I say that? What's wrong with that?

00:51:51.100 Let me say, so I'm seeing somebody in the comments use, I think it was James Woods who

00:51:57.200 tried to nickname Kamala Harris as Heels Up because she has some history of a relationship 1.00

00:52:03.600 with Willie Brown, politician in California that helped her career. Both Willie Brown and she

00:52:09.620 admit that's true. And for me, that's the end of the story. You know, once all the people that once

00:52:16.420 all the people who are involved said, yeah, that's kind of true. That's true. Aren't we done? I mean,

00:52:24.680 once you get people to say, yeah, that's totally true. Yeah, my relationship. Yeah, that helps.

00:52:29.020 They helped my campaign. Aren't we done? What else is there to say about that? Blaming

00:52:35.260 people for things that they acknowledge is a true statement of fact should be the end of

00:52:41.520 the story, should be the end of the conversation. I think I'm going to start blocking people

00:52:49.960 who say Scott has a crush on AOC. That's, I saw that go by in the comments. I'll give you

00:52:56.900 one day of, I'll give you one day of amnesty. Okay. But after today, you will be blocked for

00:53:05.300 dumbness for accusing me of being in love with some female politician just because they're 0.97

00:53:12.440 part of the conversation. Okay. We can, we can be a little better than that. So we'll just 0.97

00:53:19.100 block you going forward. Bitcoin just fell off the cliff this morning, right? But that

00:53:29.080 you have to check it every five minutes. Good Lord. Holy hell. The stock market's really taken

00:53:37.100 a dump. Bitcoin is down to seven. I'm sorry. It's not down to seven. I'm looking at a fund

00:53:45.020 so that has a different pricing. But it's down 19% today. So it looks like it's down to a new

00:53:51.200 low. Twitter down 9%. Amazon down 4%. Wow. Now all of that, I would refer you back to Naval's

00:54:03.900 comment. This is no time for panic selling, but it looks like a lot of people are doing

00:54:08.240 panic selling. Somebody's testing me by saying Scott has a crush on AOC and your test was successful.

00:54:21.680 You got blocked. You love her? Block. A lot of people want to get blocked today. I don't

00:54:29.060 know why. Somebody says, you said you'd never mentioned racist AOC, but that was a lie. Did I

00:54:47.480 ever say that? If I did, I didn't mean it. Did you see Pence's interview? I did not.

00:54:56.280 Dow is down 2,000. Yeah, you know, I just wouldn't worry about the stock market, honestly,

00:55:03.480 because it's going to do what it's going to do and your share of stuff will be the same.

00:55:10.260 All right. Slaughter meter. Well, the slaughter meter is in a state of flux right now. You know,

00:55:17.000 if the election were held today, it would be a total slaughter and the president would win

00:55:21.760 gigantically. But there's so much happening with the coronavirus. And you know, this is going to be

00:55:28.240 a frothy year. Whatever problems we have, we're going to have new ones in the summer. It's just that

00:55:33.460 kind of year. So nothing's predictable anymore. But if the election were held today, President Trump

00:55:40.680 would win in a slaughter. Somebody says, hope you took your money out. I don't do that. So market timing

00:55:51.420 is not something I do. So if you're doing market timing, good luck. Some of you win. Some of you will

00:56:00.740 get wiped out. It's just not my thing. Somebody says, you need to go to my interface at one hub

00:56:11.520 profile. Yeah. Blockers going to block. All right. We're just looking at your comments. You know,

00:56:27.420 if you don't follow Mark Schneider on Twitter, you really should, because there's all kinds of stuff

00:56:35.160 happening in the nuclear energy field. And you could argue it's the biggest news in the world

00:56:40.720 that doesn't get covered. Because what could be more important to the, you know, let's say the future

00:56:47.800 of civilization? What could be more important than developing these new miniature nuclear power

00:56:55.960 plants? And, you know, we've got free, safe, clean energy that solves any risks that you might

00:57:02.440 imagine from climate change, et cetera. It's like the biggest story. And almost every day, there's a

00:57:07.840 new story about something got funded, something's going into a test site, the government approved

00:57:13.520 something. There's a ton of stuff happening in the nuclear energy field. But I think all of it is in

00:57:19.960 the getting ready for stuff, you know, kind of domain, so that when stuff starts getting online,

00:57:28.020 it's going to happen really quickly. So in other words, there's a point where you're not going to

00:57:32.160 see anything tangible, but there's just a ton of activity. And that's what we're in right now

00:57:36.480 for nuclear power. But you're not going to see the plants for, I don't know, maybe in five years,

00:57:42.780 people will start showing you pictures of the nearly completed plant and stuff. But it's going to

00:57:47.720 happen quickly when it happens. It's just not happening yet. One of the weird things about

00:57:55.800 this economy is that not everybody is going to be affected. There will be businesses that just do

00:58:03.520 better. I've been trying to game it out in my head, like what's likely to happen, because we've never

00:58:09.440 seen a situation where everybody stopped traveling for three months, right? Like, I don't think we've seen

00:58:15.860 that situation. So we're all just guessing what happens. Now, one thing that happens is a bunch

00:58:21.140 of people save their money. So for everybody who loses a paycheck, and I hope we can figure out

00:58:27.140 something to do about that, because that's a pretty big problem, a real big problem. But for everybody

00:58:33.720 who loses a paycheck, for every small business that loses customers, and there will be a lot of them,

00:58:38.780 I feel as though there may be an equal number of people who still get their paycheck, just like

00:58:46.120 always, even if their employer is not doing so well. You know, they're not losing money yet. So they'll

00:58:51.560 still get their paycheck, and they won't be spending as much. So you have this weird situation where

00:58:57.060 there's a whole bunch of people who just by luck were not affected. They get their paycheck, and they

00:59:02.960 don't spend as much. So they're building up their little savings account, while other people are

00:59:07.980 suffering. What happens the day things, you know, let's say when things go back to normal, what

00:59:14.160 happens with the people who have extra money? Do they spend it extra fast, or does it become part

00:59:20.440 of their permanent savings? If the people who actually gained money during this, and I might be one of them,

00:59:26.600 by the way, so I'm a perfect example. As far as I know, at least in the short run, my income will be

00:59:34.680 roughly the same. Because, you know, at least for the next three months, everything was sort of in

00:59:41.060 the pipeline. Most newspapers will still be in business, and all that. So at the end of three

00:59:47.520 months, I will have saved a bunch of money that I normally would have spent. I would have traveled,

00:59:54.200 I might have bought more stuff, I would have gone out more, I would have gone out to restaurants more.

00:59:58.100 What happens to that money? Now, in my case, you know, maybe I have enough money, so it doesn't make

01:00:03.080 any difference in the world. But it could be half of the country has extra spending that's pent up,

01:00:11.180 and they've been locked in their houses for three months. So you might see an outpouring of spending

01:00:17.440 like we've never seen before, just because it's possible. You know, the people who are living

01:00:23.720 paycheck to paycheck, let's say as a server for a restaurant, they weren't going on big expensive

01:00:29.620 vacations anyway. So for them, the job is to survive, you know, to buy the basics. But there

01:00:39.040 are a lot of people who are going to have some extra cash, and they're going to spend like crazy

01:00:42.840 unless they just put it into the stock market, which is also possible. Oh, by the way, all that

01:00:48.160 cash that came out of the market, that's got to go somewhere, right? People don't sit on cash in the

01:00:55.200 long run. It's not a thing. Nobody does it. It won't happen. So all of that, like trillions and

01:01:01.300 trillions of dollars that just people took out of the market, they parked it somewhere. Where's it

01:01:06.620 going? It doesn't disappear. It just moved. And as long as it's still there, it's going to move back

01:01:14.400 when it needs to. So here's the long story short, that you're going to see a recovery that happens so

01:01:22.660 fast it'll make your head snap. So anybody who's not in the market when the turnaround happens,

01:01:29.320 because it's probably going to be like, you know, just two or three days, the whole world is going to

01:01:33.620 say, well, it's back, it's back, it's back, get in, get in, get in, get in, get in. So when it turns

01:01:37.800 back up, you're going to miss a lot of gain as it goes up. So it's not a time I would be out of the

01:01:46.240 market, but I'm not giving you financial advice. That's all I got for now. Oh, I'm over time.

01:01:55.480 Let's go back to our day. And you have a good day.

Real Coffee with Scott Adams - March 12, 2020

Episode 848 Scott Adams： #WuhanVirus, Trump's Nat'l Address, Tom Hanks, Stocks, Bitcoin

Episode Stats

Summary

Transcript