Tate Speech - October 10, 2021


EP185 - Secrets to Male Value

Hosted by
Mentioned
EP183 - BIGGEST MISTAKE MEN MAKE AS THEY GET OLD EP189 - HOW TO GET YOUR EX GIRLFRIEND BACK

Episode Stats


Length

4 minutes

Words per minute

171.37

Word count

854

Sentence count

68


Transcript

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Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Thank you.
00:00:31.000 You know what, Luke?
00:00:32.000 When I was broke, I lost so much money in casinos.
00:00:39.000 I lost so much money in casinos, I had no money.
00:00:42.000 If casinos never lose, I mean, what kind of genius owns casinos?
00:00:47.000 Do you understand what I'm saying?
00:00:51.000 It's actually funny.
00:00:52.000 When I had the conversation about opening casinos, I said, What's the hardest business to open?
00:00:59.000 We're going through businesses that are hard.
00:01:02.000 Think how hard it would be to start an airline company, right?
00:01:06.000 To compete with Boeing, for example.
00:01:08.000 You have to research planes, build one, design planes, get a bunch of staff from all these other companies, headhunt them all, pay them loads of money.
00:01:17.000 And then you've got to go through, build a factory.
00:01:19.000 You've got to go through all the safety trialing of the planes.
00:01:23.000 It's like 10 years before you'll make any money.
00:01:25.000 And you're going to spend billions.
00:01:27.000 And then by the time you finally get your plane ready, Boeing probably just lobbies the government and makes sure that you don't even get to sell anything.
00:01:34.000 So I decided that building planes would be the hardest thing.
00:01:36.000 This is what I do.
00:01:37.000 I analyze money, right?
00:01:38.000 In real time.
00:01:38.000 I think I've just talked about this before.
00:01:40.000 Every time I have a coffee, if I sit and have a coffee, I don't just drink my coffee.
00:01:45.000 I sit there and I think, how much did this coffee cost?
00:01:49.000 What's the profit margin?
00:01:51.000 Who served it to me?
00:01:52.000 Pretty young girl.
00:01:53.000 Wow, this person's still a businessman.
00:01:55.000 That's why she works here.
00:01:55.000 Do they sell cake?
00:01:57.000 How much is the cake?
00:01:58.000 What's the margin on the cake?
00:02:00.000 Is there car parking?
00:02:01.000 Do they make more money if there's parking?
00:02:02.000 If I were to open up right next door, could I outcompete them?
00:02:07.000 This is how I analyze money in real time.
00:02:09.000 This is how I got rich.
00:02:13.000 I look at the ways money is moving.
00:02:16.000 Money is like Walter, right?
00:02:17.000 It rains, lands in a puddle, maybe flows down in the stream into the ocean, evaporates, and it goes back into the sky and it rains out somewhere else.
00:02:28.000 That's how money works.
00:02:30.000 So I analyze money in real time.
00:02:32.000 And when I was analyzing plane companies, I thought, okay, that'd be hard to open.
00:02:38.000 So I sat with Tristan and said, okay, we're not going to launch a plane company.
00:02:41.000 We're not going to build planes.
00:02:42.000 What else would be hard to open?
00:02:43.000 And Tristan said, well, probably something that always makes money.
00:02:47.000 And I thought, well, what always makes money?
00:02:52.000 Casinos.
00:02:52.000 Here we are.
00:02:55.000 Now, a lot of you at home will be sitting there thinking, well, how do you open a casino?
00:03:01.000 If you've got a brand, if you're perspicacious, you'll understand that opening a casino is extremely different.
00:03:05.000 The paperwork involved, who you know, blah, blah, blah.
00:03:08.000 I mean, it's not easy to open casinos because it's easy, everyone would have them.
00:03:12.000 So it's down to who you know.
00:03:14.000 That's what opening and owning casinos is all about.
00:03:16.000 Who you know.
00:03:17.000 Not what you know, who you know.
00:03:19.000 And this speaks to the power of network.
00:03:21.000 So when people say to me, Oh, Tate, how did you get into the casino business?
00:03:24.000 I say, Well, I know important people.
00:03:26.000 Who do you know?
00:03:28.000 It's a really good test of yourself as a man.
00:03:29.000 If you're watching this video, go through your phone, scroll through your phone book, and find the top five most important people in your phone.
00:03:38.000 And not important to you like, Oh, she's important to me, she gives me blowjobs.
00:03:42.000 I'm like, actually, they matter in the world.
00:03:45.000 People would care if they died.
00:03:47.000 People listen when they talk.
00:03:50.000 Who are the most five most important people in your phone?
00:03:53.000 And then add up their combined net worth.
00:03:56.000 And you'll realize it's pennies.
00:03:58.000 The five most important people you know couldn't even buy your daddy.
00:04:02.000 They're going to have three million to five million.
00:04:05.000 You understand?
00:04:06.000 What chance do you stand if you're not talking to the right people?
00:04:11.000 A man like me, I can say I want to open casinos and start making phone calls.
00:04:14.000 Hey, I want to open casinos because I don't know anything about casinos.
00:04:16.000 But I was on yacht with this guy who knows about casinos.
00:04:20.000 You understand?
00:04:21.000 It's not the moose, it's the Aikido.
00:04:24.000 Private Jet Dice.
00:04:26.000 Private Jet Dice Aikido.
00:04:29.000 You don't know about none of this.
00:04:30.000 You ain't got nobody you can call.
00:04:32.000 That's why they say network is network.
00:04:34.000 It's absolutely true.
00:04:36.000 But how do you get a powerful network?
00:04:37.000 You also need to be valuable to these people.
00:04:38.000 You can't just be a shit muncher because if you're a shit muncher, they don't answer your calls.
00:04:41.000 Right?
00:04:42.000 So you have to provide value to receive value.
00:04:46.000 And that's the lesson of this Tate speech.
00:04:48.000 If you want to have good friends, be a good friend.
00:04:53.000 If you want to feel loved, love others.
00:04:57.000 If you want to feel important, be important.