Valuetainment - Episode 279： Anthony Scaramucci’s Advice to Trump about Getting Re-elected in 2020

00:00:00.000 30 seconds, one time for the underdog, ignition sequence start, let me see you put em up, reach the sky, turn the stars up above, cause it's one time for the underdog, one time for the underdog.

00:00:17.280 I'm Patrick Bedevi, host of Entertainment, and today I sat down with Anthony Scaramucci, a.k.a. The Mooch.

00:00:23.140 This is the communications director to the White House at one point for Donald Trump, and also at the same time, he ran a company with $10 billion under management, he still does.

00:00:32.060 A pretty well-connected guy in New York, the conversation went all over the place, but something tells me you're going to get a complete different angle about himself and Trump by the time you're done listening to this podcast.

00:00:40.800 Thanks for being a guest on Entertainment.

00:00:42.140 You got a good role going on, Patrick.

00:00:44.540 I got a good role going on.

00:00:45.680 You got a good role, yeah. You got a good vibe, you got a good aura, a great suit.

00:00:49.620 I appreciate it. I can say the same thing about you.

00:00:51.440 There's a lot of stuff going on here. So what's cooking?

00:00:53.480 You got a lot of interesting things about yourself. Your background, you know, you've hung out with some big personalities.

00:00:58.560 Obviously, I know who you are, but when I was going deeper, I said, this guy went to Harvard at the same time Obama went to Harvard, and you guys played basketball together.

00:01:06.760 Yeah.

00:01:07.280 And you went to—

00:01:08.040 Core 6 was there, the Supreme Court.

00:01:09.920 So how was he? How was he going to—

00:01:11.220 Laina Kagan was the dean there. She's now on the Supreme Court.

00:01:13.840 Yeah.

00:01:14.020 You know, look, you got to get born in the United States, and you—providence gives you a good brain if you're a hard worker.

00:01:21.440 I hustled my way into Harvard Law School.

00:01:23.640 So a lot of good things came out of that, right?

00:01:25.380 I got at the Goldman, and then I started my own business, and then I started the process of networking with a lot of people.

00:01:31.460 You know, I mean, I grew up in a blue-collar family with a tight budget.

00:01:35.960 You know, it was a middle-class family, so we didn't really have any connections in any country clubs or alumni networks or boarding schools or things like that.

00:01:43.580 So, I mean, we had to make it ourselves.

00:01:44.900 So who were you in high school?

00:01:46.140 If you and I were 16, 17 in high school, who were you?

00:01:48.340 It was Guido. I was at Guido.

00:01:49.940 I took dance lessons at Dance Finesse.

00:01:52.360 You took dance lessons?

00:01:53.060 I had every move that Tony Manero did, I knew how to do.

00:01:56.180 Going to discos. We called them discos.

00:01:58.140 They weren't even nightclubs back then.

00:01:59.360 I was doing push-ups in the parking lot of these discos, trying to pump my chest up from my Camaro.

00:02:05.900 I had extra shirts in the car in case I wasn't having a good time in there, like connecting.

00:02:10.460 I would go back and change my shirt, just change up the car model.

00:02:14.300 I learned how to drive a car when I was 14, got on my first car accident when I was 15.

00:02:19.620 I was delivering motorcycles up in the Bronx in Harlem at age 17, changed a chain on a motorcycle, replaced the carburetor.

00:02:27.120 I had that kind of an education.

00:02:29.360 You have to remember, if you grow up in a motorcycle shop where I worked from 13 to 21, you learn a lot of what goes on in the street.

00:02:37.020 You've got Hell's Angels coming in there.

00:02:38.720 You've got Malcolm Forbes coming in there.

00:02:40.920 You've got Billy Joel coming in there.

00:02:42.680 It was a very wide, eclectic mix of people.

00:02:45.960 I can tell you something I'm very proud of.

00:02:48.220 I always tease my uncle, who's 91 years young.

00:02:52.340 Guy's an amazing guy.

00:02:54.840 Really the first entrepreneur in my family.

00:02:57.520 I used to tell my uncle that, you know, I'm proudest of being the only person in Ghost Motorcycles employment history to go to the Harvard Law School.

00:03:06.900 Only?

00:03:07.380 Yeah, I am absolutely confident.

00:03:08.980 And like my mother thought it was Harvard Law School.

00:03:12.300 You went to Tufts University, right?

00:03:14.140 Yeah, so when I called her, I got into Harvard Law School, February 6, 1986, which was Reagan's 75th birthday for those people following trivia at home.

00:03:23.060 I called my mother, landline phone, obviously.

00:03:26.320 I told her.

00:03:26.980 She goes, okay, that's great.

00:03:27.820 That's in Hartford?

00:03:29.240 I said, no, Ma.

00:03:30.180 It's in Harvard.

00:03:31.760 It's in Boston.

00:03:32.860 Are you sure that's not in Hartford?

00:03:33.980 It's Hartford Law School, right?

00:03:35.520 She really didn't believe it.

00:03:36.340 I had no clue.

00:03:36.880 She didn't even know the difference between Harvard or Hartford or anything.

00:03:40.340 They didn't care.

00:03:41.000 There were no books in the house growing up.

00:03:42.940 That's pretty amazing for you to go to.

00:03:44.140 Now, you went to get your J.D. and be a lawyer, and then you decided to go finance.

00:03:48.400 So how did that transition take place for you to say, I'm going a different direction?

00:03:51.320 I want to totally express to your viewers the level of naivete and my lack of global understanding, my lack of awareness.

00:03:59.140 So I read an article in the paper of my junior year at Tufts that lawyers at Cravath, Swain & Moore, a law firm that probably would never have hired me, while the starting salaries in 1985 were $65,000 a year.

00:04:13.160 So my pops was probably making less than that.

00:04:16.300 And so I said, okay, this is great.

00:04:17.640 I'm going to go to law school.

00:04:18.840 I'm going to be financially set for life.

00:04:20.740 I'm going to go become a lawyer at a Wall Street law firm.

00:04:24.500 So what did I do?

00:04:25.260 Got into Harvard, went down there and paid the tuition deposit, and I got the phone book of the Harvard recruitment firms.

00:04:34.520 So every law firm in America that was recruiting from Harvard, and I got the alumni directory.

00:04:39.500 And I spent two hours in the admissions area cross-referencing all of the law firms on Wall Street.

00:04:46.320 I didn't realize that Wall Street meant, like, you could have a law firm in downtown, uptown, midtown Chicago.

00:04:53.020 I thought you had to be on Wall Street.

00:04:55.260 So I looked at all the Wall Street firms.

00:04:57.040 I typed up my resume.

00:04:58.920 I dot-plotted the alumni from Harvard at those Wall Street firms, and then I went down at Wall Street.

00:05:05.380 I got the number one Wall Street, which was the Irving Trust building.

00:05:08.720 It's now going to be a condo.

00:05:10.400 But on the 28th floor, this law firm called Hughes, Hubbard, and Reed existed.

00:05:15.620 I rode up the elevator.

00:05:16.760 There's no security.

00:05:17.620 I get right to the woman at the reception area.

00:05:20.880 I'm wearing my polyester suit, my polyester tie, and my polyester shirt.

00:05:26.220 And I say, hi, how are you?

00:05:27.940 I'm here to see Worthington Labs Com the 38th or whatever, right?

00:05:32.360 I don't want to give up the guy's name.

00:05:33.580 He's probably going to know.

00:05:34.360 So he comes out.

00:05:35.160 He's got the suspenders on and the pipe.

00:05:37.000 I mean, he's right out of central casting from, like, the paper chase.

00:05:40.120 And he says, we don't have a meeting.

00:05:41.500 What are you doing here?

00:05:42.080 And I say, well, you know, I'm from the Harvard Law School.

00:05:44.520 I just got in.

00:05:45.500 I'm desperate for a job.

00:05:46.600 Can I come and see you in your office?

00:05:48.740 We talked for about 15 minutes.

00:05:50.340 He says, okay, I'll hire you.

00:05:51.220 I'll give you $8 an hour.

00:05:52.240 I say, hey, can you make it $10?

00:05:54.740 I had no money.

00:05:56.200 He looked at me.

00:05:56.800 He says, wow, because you're a little bit of a pushed guy.

00:05:58.880 I said, I am.

00:05:59.500 $10 an hour.

00:06:00.300 Yeah.

00:06:00.540 So I get $10 an hour.

00:06:01.820 Time and a half was $15.

00:06:03.500 I worked the entire summer for him.

00:06:05.680 And I hated every minute of it.

00:06:07.460 And so when I got to Harvard Law School, by the time I matriculated there,

00:06:11.740 I'd already decided I wasn't going to be a lawyer.

00:06:14.020 So I spent three years there.

00:06:15.580 What did you like around it?

00:06:16.560 It just wasn't for me.

00:06:17.580 You know, there was too much library time, too much research.

00:06:22.280 It wasn't until you got into your 30s, 40s, and 50s that you started to become more transactional.

00:06:26.680 And I wanted to be the principal.

00:06:28.580 I didn't want to be the person that's assisting the principal.

00:06:31.300 Everybody's got different personalities.

00:06:32.620 And so that wasn't for me.

00:06:34.480 I spent three years in law school trying to be not a lawyer.

00:06:37.940 I tell people I learned two things in law school.

00:06:39.860 You want to hear what they are?

00:06:40.400 Don't be a lawyer and avoid lawsuits.

00:06:43.680 Those are the two things I learned.

00:06:44.640 But why, though?

00:06:45.340 Why don't be a lawyer?

00:06:46.400 You know, it's a grind.

00:06:47.580 What did Shakespeare say?

00:06:48.480 Kill all lawyers.

00:06:49.480 You know, it's a grind.

00:06:50.320 Being a corporate lawyer, unless you have the right attitude and personality and temperament for it, it's a grind.

00:06:55.920 You don't think you have the right personality and temperament for it?

00:06:59.040 No.

00:06:59.300 More of a deal person, more transactional, more sales oriented.

00:07:03.480 Interesting.

00:07:04.260 So I want to organize a business and run a business.

00:07:07.300 I want to use the force of my personality to meet people, bring them into my fold.

00:07:13.020 So at that time when you were with Barack, how old was he?

00:07:15.300 He was in his early 20s?

00:07:16.660 Is it 1920?

00:07:17.200 A couple years older than me.

00:07:18.020 So I'll tell you, the president is probably, he's probably 58, 59.

00:07:23.520 He was older than me.

00:07:24.540 I was two years ahead of him in school, but he's probably three years older than me.

00:07:28.660 So he was class of 91, I was class of 89.

00:07:31.020 So we didn't really know each other.

00:07:32.900 One of my favorite stories is I supported him in 2008, and I handed him a check, and I said,

00:07:37.640 listen, we didn't really know each other in law school, Senator, but I want to lie to all my friends and say that I knew you.

00:07:42.460 Are you cool with that?

00:07:43.200 He goes, hey, if you double the amount of the check, we can take it back to Hawaii.

00:07:47.800 I was like, all right, this guy's got the mojo, right?

00:07:50.120 He had to fix, you know?

00:07:51.640 So I did.

00:07:52.160 I doubled the amount of the check, and I raised the money.

00:07:54.260 And I was fairly non-ideological at that point, and I figured how many times in my life am I going to meet and or know somebody that's going to possibly be the president of the United States?

00:08:04.940 It turned out more than one time, but I didn't know that at the time.

00:08:07.720 Yeah, I mean, again, your resume on who you've been around is pretty interesting and how it happened.

00:08:11.600 And so how did you transition from there into, you know, you started your own firm now.

00:08:16.360 You have been around $8 billion under management.

00:08:18.240 So I think it's important to tell you that I was at Goldman for seven years.

00:08:21.080 I left with a mentor of mine that was a couple years older than me, and 22 years ago at the age of 32, I started something called Oscar Capital Management, which was a registered investment advisor.

00:08:32.100 So like yourself and Morgan Stanley Team Weirder, I took all those tests.

00:08:36.780 I was managing money.

00:08:38.480 We did it for five years.

00:08:39.560 We sold it to Neuberger Berman.

00:08:41.360 They sold it to Lehman Brothers, and I left Lehman Brothers before their famous bankruptcy.

00:08:46.040 And I started Skybridge Capital in March of 2005.

00:08:50.520 It's almost 14 years later.

00:08:52.540 And we've got $10 billion under management, 60 people, four offices.

00:08:57.800 And for a very brief shining moment, I was in the comms department as the White House communications director for 11 days for President Trump.

00:09:06.240 But I worked on his campaign for a year, and I helped him raise money.

00:09:08.920 So you've been around President Obama.

00:09:10.860 You've been around President Trump.

00:09:12.220 What is the biggest difference you notice personality-wise between the two?

00:09:15.160 I'm going to tell you the biggest similarity, and they probably don't like each other that much, but they'll be mad at me, both of them, for telling you how similar they are, okay?

00:09:23.300 They're gamers.

00:09:24.180 You know, they want the ball, okay?

00:09:25.440 They want to put the ball in the hoop, and they want the ball when the buzzer's about to click, you know?

00:09:29.900 So these guys are gamers.

00:09:31.500 They're not choke artists, okay?

00:09:32.900 Those guys know how to win.

00:09:33.840 The second thing about their personalities, they're very headstrong.

00:09:36.800 They see things a certain way, and they're going to drive the agenda.

00:09:40.500 There's two different types of leadership, right?

00:09:42.800 You know, we've got a thermostat in this room.

00:09:45.700 There's a certain type of leadership that says, okay, what's the temperature, and they guide themselves towards the temperature.

00:09:52.160 And then there's another type of leadership that's a thermostat.

00:09:54.680 I'm going to dial the temperature, and the world's coming my way.

00:09:58.620 I'm going to lower the temperature to 72, and the whole world's coming with me, or I'm raising it to 78, and the whole world's coming with me.

00:10:04.640 Both of those guys are thermostats.

00:10:07.240 They're not thermometers where they're gauging the temperature.

00:10:11.200 You know, like Secretary Clinton, all due respect to her, she's a very gifted person,

00:10:14.780 but she's more of a thermometer.

00:10:17.340 You know, she's putting the finger out there.

00:10:18.800 She's trying to act like who she thinks people want her to act like so she can become president.

00:10:23.620 That's not these two.

00:10:24.880 These two are like, take it or leave it.

00:10:26.400 This is me.

00:10:27.380 I'm going to grind you through the wall.

00:10:29.580 And if you like me, I'm going to be president.

00:10:31.280 If you don't like me, I've got other things to do.

00:10:33.600 So let me ask you, what's the—

00:10:34.660 How are they different?

00:10:35.520 Yeah.

00:10:36.040 They're different in the sense that they see the world ideologically differently.

00:10:40.500 And the president, Obama, he probably sees the world through a peace and social justice model

00:10:47.380 from classes that he took in the mid to late 80s about peace and social justice.

00:10:51.980 And so this is more of like the Noam Chomsky and the Sal Alinsky sort of model that there's an unfairness

00:10:58.460 and an unjustness in the society and people of color have been treated unfairly

00:11:04.780 and we have to push their agenda to redistribute and make the society more balanced.

00:11:12.180 Some of that's true.

00:11:13.200 Some of it's not.

00:11:13.800 So it's philosophically?

00:11:14.360 It's just purely you think philosophically?

00:11:16.040 Trump is more—Trump is a guy that's never been discriminated against.

00:11:20.320 So therefore, he's not racist, but he doesn't have any empathy for people that have been

00:11:24.960 discriminated against because it's never happened to him.

00:11:26.640 Got it.

00:11:27.400 Obama would stand at Harvard Law School and try to hail a cab because he was black.

00:11:30.840 He couldn't get one.

00:11:32.100 Try to hail a cab, but Columbia is raising his hand.

00:11:33.980 He's not going to get the cab.

00:11:35.660 So that stays with him?

00:11:36.340 Of course.

00:11:37.300 My grandmother, she was walking around here 70, 80, 100 years ago, said, Nina, no Italians need

00:11:43.160 to apply.

00:11:43.540 So Trump's never had any blatant discrimination that's manifested against him.

00:11:49.300 It doesn't make him racist.

00:11:51.140 It just makes him not totally aware of that dilemma of people that have felt that discrimination

00:11:57.280 in their lives.

00:11:58.440 That makes them very different.

00:12:00.180 That makes them think very differently about policy.

00:12:02.020 What is it to work with these guys?

00:12:03.500 Because I know you said something one time.

00:12:05.380 You said Nixon once said people are willing to vote for somebody they dislike, but they're

00:12:11.200 not willing to vote for somebody that dislikes them.

00:12:14.080 I think you quoted that one time.

00:12:15.360 That was Richard Nixon.

00:12:16.100 Well, they were asking Nixon.

00:12:17.460 He said, hey, you probably didn't like me, but they gave me a landslide.

00:12:20.320 That was in the 1972 landslide.

00:12:22.860 His point was that the American people are results in their orientation.

00:12:31.020 But that presidency is a popularity contest, and it's a reverse of what you think.

00:12:36.860 It's not that they have to like the guy, but they have to think you like them.

00:12:40.480 Because remember, you're getting invited into their living room every single night.

00:12:43.760 You're becoming an additional family member.

00:12:45.780 They're going to know your voice as well as they know their children's voices and their

00:12:49.460 parents' voices.

00:12:50.320 And so there's a couple of things that have to happen.

00:12:52.520 You have to be in the game with them and someone that they think is championing them, or at

00:12:57.720 least a large part of them.

00:12:58.820 Going back to the personality, if I'm working with President Obama or President Trump, you

00:13:03.380 know, you get Trump that he gets criticism of saying, you know, the first two years,

00:13:07.020 senior executives on his team, 62% have been fired in the first two years.

00:13:11.680 Versus Obama, I think it's 24% is when you look at these polls.

00:13:15.420 How different is it working with a Barack Obama than it is working with a President Trump?

00:13:20.680 Well, I mean, in fairness, I didn't really work super closely with Barack Obama.

00:13:24.120 I bundled for him, met him a few times during that process.

00:13:27.200 He fundraised for him as well, I think.

00:13:28.500 Yes, I bundled.

00:13:29.540 I went out and got money and bundled it together and handed it to his campaign.

00:13:33.260 But I didn't really work with him day to day.

00:13:35.000 I did work with the President, President Trump, day to day.

00:13:38.160 And so I can tell you about his personality.

00:13:41.280 Very likable, gregarious, guy's guy when you're with him.

00:13:45.960 But he is somebody that's very demanding.

00:13:48.760 He does have a nature to his personality where if you're in syncopation with him,

00:13:54.680 like Mike Pompeo is, then that's great.

00:13:57.280 There's no daylight.

00:13:58.140 They can telepathically finish each other's sentences.

00:14:01.040 They're going to go along great.

00:14:01.960 But if you're somebody like Rex Tillerson, that you're oil and water,

00:14:05.420 you don't see the world dissimilarly, or you're butting heads,

00:14:07.880 or you're at intellectual odds, that's not going to work out.

00:14:10.840 And if you're John Kelly, where you think your reputation is better than the President's,

00:14:15.320 and so you think you're holier than thou, that's not going to work with somebody like the President.

00:14:20.840 You know, for me, I got in there at the wrong time.

00:14:23.780 I got a good relation with the President.

00:14:25.280 Got in there at the wrong time.

00:14:26.660 I made a gaffe.

00:14:27.520 I made a mistake.

00:14:28.300 I trusted somebody I shouldn't have.

00:14:30.520 And, you know, Kelly used that vulnerability to wipe me out.

00:14:33.180 And at that time, there was so much turmoil and uncertainty in the White House,

00:14:36.500 I couldn't really get the support I needed from the President or from his family members to keep me.

00:14:41.840 But the flip side is those people gave me the opportunity.

00:14:44.660 I blew it with my mistake.

00:14:46.260 I'm accountable as a human being, and I accept my firing.

00:14:50.520 I mean, I think one of the things that I'm proud of is I never broke ranks with the President.

00:14:55.300 I mean, I got blown up, humiliated in the media, excoriated, but you never see me break ranks.

00:15:01.780 I'm not that kind of person.

00:15:02.920 If this was a, you know, you've probably seen Godfather many times.

00:15:06.700 You know, if this was a mafia mob family, you didn't go out there snitching or throwing them under the bus.

00:15:12.060 Matter of fact, you came out and said, I apologize.

00:15:14.020 I did say this in the past before when I was betting on other people to win,

00:15:18.020 and I was betting on Romney or Clinton in the past or whatever it was.

00:15:21.840 I write in my book, the President started it.

00:15:24.280 So when the President, when I was attacking the President when he was at a candidate,

00:15:28.040 and they show, and I only did it one time.

00:15:29.640 It was for three and a half minutes.

00:15:30.700 And they showed that in perpetuity until I got myself fired.

00:15:34.320 But what was happening was he was attacking the hedge fund industry.

00:15:37.580 He started that fight.

00:15:38.960 So how he likes to say he's a counterpuncher, I'm a counterpuncher, I'm a New Yorker.

00:15:42.740 He started that fight.

00:15:44.440 So one of the best tweets, and my favorite tweet is when he referenced me in the tweet on Saturday after I got my job.

00:15:51.460 He said, in all due respect to Anthony Scaramucci, I started that fight with him.

00:15:55.240 You know what I mean?

00:15:55.900 And so that diffused it right away.

00:15:57.260 I said, look, I'm sorry I did that, I'm glad to be on the President's team.

00:16:01.000 We were fighting with each other.

00:16:02.820 But that's New York.

00:16:04.180 You know, if you and I knew each other, we were from New York, we could get into a spat.

00:16:07.880 Unfortunately with him, because he's Donald Trump, everything ends up on a camera or underneath these lights.

00:16:12.880 So it's recorded forever.

00:16:14.460 It's like a tattoo.

00:16:15.140 But I remember 10 years ago, they used to say somebody, a politician from New York cannot be the President.

00:16:20.280 This was like eight years ago when Chris Christie was, hey, what if he comes out?

00:16:23.760 Giuliani.

00:16:24.140 Yeah, Giuliani was, I don't think anybody from New York, and then Trump comes out and becomes who he becomes.

00:16:28.680 You know, his style of leadership, the one thing I wonder, you've said he likes it when you are comfortable being yourself around him,

00:16:35.820 where you don't change yourself to be around him.

00:16:38.860 But is that really the case?

00:16:40.080 Like, I see, is it working with President Trump, like you come into the room, you do as I say, and you're going to be okay?

00:16:47.640 Or if I push too much and I'm too ambitious, maybe like a Kelly, I'm going to be outset?

00:16:52.860 How does that work out?

00:16:53.820 Because it seems like there's not really one way to work with him.

00:16:56.120 Here's the thing I would say.

00:16:57.320 I mean, this is what I found.

00:16:58.340 Again, everyone has a different impression.

00:16:59.940 Here's what I found.

00:17:00.480 Let's say you're the president.

00:17:02.780 If you got the aura from me that I liked you, and I totally trusted you, and you were my guy,

00:17:11.300 then he gave you a wide berth of latitude to talk to him in a very honest and constructive way.

00:17:17.560 You see that?

00:17:18.280 And so he doesn't like sycophants.

00:17:21.060 I mean, the point I was trying to make when I made that statement is when you're sycophantic to somebody like President Trump,

00:17:27.120 he gets bored.

00:17:28.340 He doesn't want that.

00:17:29.000 And so what I also say about the word sycophancy, and this is for your entrepreneurial viewers,

00:17:34.700 if someone's kissing your you-know-what, be careful.

00:17:38.060 That is a sign of selfishness, and it's a sign of self-preservation.

00:17:43.640 It's not a sign of loyalty for me to tell you how great-looking you are every day.

00:17:47.500 I tell my staff, you tell me I'm tall, and you tell me I'm right, we've got a problem.

00:17:53.360 You tell me I'm short and I'm wrong, now I know I've got a relationship with you.

00:17:57.300 And so what I found with the president is you could be honest with him, you could be direct with him,

00:18:03.000 provided that you were respectful, you respected his age difference between you and him,

00:18:08.700 you respected his authority, you knew he was the boss and you were not,

00:18:12.900 but you could be honest with him as long as he fell from you.

00:18:17.100 The aura was, hey, sir, I'm being honest with you because I want to see you soar.

00:18:21.100 I want your poll number to go from 42 to 52.

00:18:24.700 You see what I'm saying?

00:18:25.420 Yeah.

00:18:26.040 So he needs people.

00:18:28.800 He doesn't have that many, but he needs people that will not alter their personalities when he walks in the room.

00:18:35.200 And that's very hard because he's the president of the United States.

00:18:38.280 You ever been in the Oval Office?

00:18:39.580 Never have.

00:18:40.120 It's a personality-altering office.

00:18:44.380 I've heard that.

00:18:44.580 I don't know too many people that walk into the Oval Office and they're not awestruck or they're not awestruck by the magnitude of the presidency

00:18:52.200 or they don't start thinking about the person that's behind that desk differently than they did before he got behind the desk.

00:18:59.340 There's a flip in your brain.

00:19:02.460 When you were a kid in the third or fourth grade, you were in Iran, but I was here in the United States.

00:19:07.300 You're a kid in the third or fourth grade.

00:19:08.540 They're talking about the president.

00:19:10.100 You think the person's like Batman.

00:19:11.620 You think he's like a superhuman person.

00:19:13.780 And by the way, even though these people aren't and they put their pants on the same way you and I do,

00:19:18.240 there's lingering Batman in your brain from the third grade.

00:19:21.400 You got that?

00:19:22.140 There's a lingering specialness to the position and the person that's sitting in the seat gets endowed with that.

00:19:28.940 So you got to be super, super careful.

00:19:31.680 You got to be respectful and you got to be looking at it with the right attitude, but you got to tell the truth.

00:19:36.900 You want to help the guy you got to tell the truth.

00:19:38.220 That's an art, being able to learn how to do that.

00:19:39.820 Because, you know, when I look at him as an entrepreneur myself, you're an entrepreneur yourself.

00:19:44.140 You know, you're told there's philosophies on how you hire.

00:19:46.900 You're hire slow, fire fast.

00:19:49.340 I don't know if he's hiring slow.

00:19:51.460 I don't know if he's hiring fast, firing fast.

00:19:54.440 It almost seems like it's, all right, on the team.

00:19:56.840 I don't know if you're going to fit.

00:19:57.820 You know, you come in.

00:19:58.540 And so that goes against doing a little bit more due diligence.

00:20:01.680 But it's different from being an entrepreneur, though, right?

00:20:03.240 So the problem for him, he's got a fuse.

00:20:06.300 Match gets struck on January 20th, you've got four years.

00:20:09.900 So you've got about 1,200, 1,300 days.

00:20:12.520 That's it.

00:20:13.400 So now the match is struck and there's a fuse going.

00:20:15.660 It's not like you running your business or I'm running my business.

00:20:17.900 I get a 30-year run.

00:20:19.620 If I run the business properly, I can think about it over a time continuum of 30 years.

00:20:24.200 He's got a four-year run.

00:20:25.540 And so he's probably cycling through people very quickly.

00:20:28.940 Yeah, I'm quoting that because you said he runs it like an entrepreneur and he fires fast.

00:20:32.960 Yeah.

00:20:33.620 You talked about the fact that he runs it like a startup, I think.

00:20:36.840 You're saying, you know, and the adage is hire slow, fire fast.

00:20:39.560 And I like that adage.

00:20:40.780 I'll probably start using it.

00:20:41.760 But he doesn't have that luxury.

00:20:43.520 He's hiring and firing fast.

00:20:45.360 Do you think it's because he doesn't have a lot of allies?

00:20:47.460 Do you think that's what it is?

00:20:48.320 Well, it's that and he had two disastrous picks as chief of staff.

00:20:52.400 He made the classic mistake that somebody would make and I probably would make the same mistake.

00:20:58.200 He's a non-politician.

00:21:00.020 Let's say that he wants to build a golf course.

00:21:02.560 He's probably going to hire golf course people.

00:21:04.240 Let's say that he wants to build a building or a condo.

00:21:06.820 He's probably going to hire condo people.

00:21:08.940 Okay, well, in this case, he was hiring people that are governmental people to help him build a government.

00:21:13.140 And so, you know, he put the creature of the Black Lagoon, okay, in charge of the swamp as the White House chief of staff.

00:21:20.820 I mean, this guy, Reince Priebus, is like a walking disaster, okay?

00:21:23.940 He is the elemental avatar of everything that America dislikes about Washington.

00:21:30.400 And so he makes him the chief of staff.

00:21:32.300 I never understood that.

00:21:33.880 Why did he make him the chief of staff?

00:21:34.920 Yeah, I don't understand.

00:21:35.440 He made him the chief of staff because—

00:21:36.340 Initially, you know how much it would go back and forth.

00:21:38.140 Then he says, I got a call from Trump.

00:21:39.520 I said, he's not going to be the candidate.

00:21:41.400 We're going a different direction.

00:21:42.420 I'm talking 15th, 16th, like early stages of it.

00:21:45.960 Yeah, well, he told him to drop out on October.

00:21:47.500 After the Access Hollywood tape, he told him to drop out.

00:21:49.860 He hated the president.

00:21:51.240 So why would he hire him, though?

00:21:53.020 Well, I think what ended up happening was the president made correctly an assessment that there was a positive attribution to the Republican Party ground game that helped him attain the presidency.

00:22:04.600 Got it.

00:22:04.900 And he was trying to reward Priebus, and he thought he was a good administrator.

00:22:08.200 But you can't hire the creature of the Black Lagoon to drain the swamp when every impulse, every grain of DNA in the person's body is to add more water, add more swamp water to the swamp.

00:22:21.500 And you have to think of what Priebus did.

00:22:22.580 Priebus basically blocked every single person from New York that was on the president's team.

00:22:27.600 And he couldn't block Javrid and Ivanka, but every other person got blocked.

00:22:30.940 You mean shield.

00:22:31.660 He shielded him from?

00:22:32.520 He prevented every person from getting jobs in the administration.

00:22:36.240 Oh, I see what you're saying.

00:22:36.980 He was supposed to be the OPL director.

00:22:38.420 He blocked me, told stories about me, told lies about me.

00:22:42.460 He ran opposition research about me.

00:22:44.940 He told John Katsimatidis, a well-known entrepreneur here, that really bad, nefarious stuff is going to come out on Anthony.

00:22:52.120 So he figured I was Italian, and I worked on Wall Street for 30 years, so I must have done something wrong.

00:22:56.680 And so he had opposition research people digging into my past.

00:23:00.080 He couldn't find anything.

00:23:01.860 Okay, so he was a very, very dishonest, very dis...

00:23:04.520 He's one of the worst people that I've met in my life so far, actually.

00:23:08.460 One of the worst people.

00:23:09.860 Ruthless, dishonest, without conscience, and unbelievably diabolical.

00:23:15.200 And he wasn't really that smart.

00:23:16.520 Wow, interesting.

00:23:17.020 So what really not that smart people do, Patrick, is they make up for it with their ruthlessness and their guile.

00:23:23.520 They'll do things that you and I would never do.

00:23:25.980 You're an entrepreneur, so definitionally, and if your business is successful, you have to run it off of a platform of ethics.

00:23:32.260 You can't really run it as an unethical enterprise.

00:23:35.460 It'll eventually get caught.

00:23:37.020 It'll eventually get caught.

00:23:38.340 And so it catches up with you.

00:23:39.980 So you have to run it off a platform of ethics and honor, which is what I do at Skybridge.

00:23:44.500 So I didn't anticipate the nonsense that Washington would do to each other.

00:23:48.680 So I...

00:23:49.260 Not in my DNA.

00:23:50.240 I don't think you would say that about John Kelly as a human being.

00:23:53.260 You just disagree with his decisions he made, right?

00:23:55.400 You wouldn't put him at the same...

00:23:56.260 No, I would say something differently with John Kelly.

00:23:57.840 No, he was a more honorable guy.

00:23:59.900 He had served the country.

00:24:01.480 John Kelly is a Gold Star family member.

00:24:03.480 He lost his son in the war.

00:24:04.960 He's a decorated four-star general of the United States Marine Corps.

00:24:09.100 So there was an honor to that.

00:24:10.780 But I would say that John Kelly was a round peg in a square hole.

00:24:15.520 Got it.

00:24:15.740 You know, he had the wrong personality for the president.

00:24:18.200 He had the wrong temperament.

00:24:19.760 You can't think of yourself as being better or having a better reputation than the person you're working for.

00:24:24.380 That's never going to work.

00:24:25.180 The other thing John Kelly did, which I totally disagree with, he was too militant in the job.

00:24:30.240 See, his firing of me, not to make this about me, but I'm just giving you a case study example in management.

00:24:37.920 The way he fired me and the abrupt way that he fired me actually was the match that he struck for his own demise.

00:24:45.440 Because he set the culture up in a way that was militant and intimidating, and it caused people to create more insecurity and more backbiting and more paranoia.

00:24:55.380 He could have said to me, hey, Ant, you did a disastrous thing on the phone, and that's an absolutely fireball offense.

00:25:02.340 I don't want you working here in the White House.

00:25:04.080 But you served the president, and you've been part of his media advocacy.

00:25:09.260 You worked on his transition team, and you seem like a good enough guy.

00:25:12.660 Why don't you take two weeks off, okay?

00:25:15.100 And when you return on Labor Day, we'll come up with a story that you're leaving.

00:25:19.740 And so this way, you don't explode out of here.

00:25:22.940 Okay, that's what we would have done on Wall Street, right?

00:25:24.740 But he wanted to hit me as hard as he could hit me, okay?

00:25:29.500 And as I tried to point out to him, you don't fire a guy like me like that.

00:25:32.720 Because when you fire a guy like me like that, you're sending an earthquake and a shockwave into the system.

00:25:39.460 You're like, oh, my God, if they could fire a guy like him like that, what are they going to do to me?

00:25:43.220 Right.

00:25:43.480 And what I told the president is what John did to you was unfortunate because he did something to you that made you look very bad, and it made him look very good.

00:25:52.960 And his job is to make you look good.

00:25:54.560 And he's your chief of staff.

00:25:56.020 But it made him look good, like he's a John tough guy in the John Wayne movie as a U.S. Marine, and you allowed him to do it to one of your buddies that helped you get elected.

00:26:05.100 Okay, so it made you look bad, and it made him look good, and it caused the match that gets struck to lead to his demise.

00:26:11.220 So my issue with Kelly is more of a managerial issue and the way you interact with people.

00:26:16.580 But no, he's not a nefarious, cretin, you know, Leviathan.

00:26:21.160 You've always said good things about him as an individual.

00:26:23.480 He's not a member of the Leviathan like Rancid Penis or this guy Adolf Bannon.

00:26:29.080 I mean, these guys are like cucks.

00:26:30.760 Adolf Bannon.

00:26:31.840 Yeah.

00:26:32.120 I mean, this guy's a horrific guy.

00:26:33.540 So, what?

00:26:34.400 You know why I believe in God?

00:26:35.700 Tell me.

00:26:36.060 Because, well, you know, if you ever have, well, I believe in God because I got raised by my parents that believe in God.

00:26:40.900 But, like, when you have doubts in your faith, you know what I can think of, I can reflect upon.

00:26:45.660 Steve Bannon is a very smart, very articulate guy, very well-read guy, very seductive guy.

00:26:51.360 But God made him so ugly, Patrick.

00:26:54.100 He is so ugly that he saved the civilization from Steve Bannon.

00:26:58.900 You know, with that nose and that face and he dresses a contemporary hobo.

00:27:02.840 Nobody's going to take him seriously.

00:27:04.140 Thank God.

00:27:05.460 Okay, so this guy's a human disaster.

00:27:07.920 Okay, I would debate this guy anywhere on the civilization.

00:27:10.960 I'd debate him on a live stage, on a YouTube channel.

00:27:13.640 I would debate him in a public square because he's got a lot of facts, but a lot of those facts are twisted in his brain.

00:27:20.920 And he has a very evil, egocentric, nefarious agenda.

00:27:26.300 And he could put a real hurt on the civilization if he was in power, a guy like him.

00:27:30.720 So, thank God he looks like that.

00:27:32.060 Who does President Trump trust today?

00:27:35.080 Who does he trust today?

00:27:36.520 He's obviously, he trusts Mnuchin, Stephen Mnuchin, Mike Pompeo.

00:27:40.040 I think he's got a very good relationship with Jared, obviously.

00:27:42.160 He trusts his daughter, Ivanka.

00:27:43.920 There's other people in the administration, Bill Shine.

00:27:46.020 Remember, I was recruiting Bill Shine, right?

00:27:47.940 Because, you know, entrepreneurs, I don't want to be the smartest guy in the room.

00:27:51.520 I want to hire 10 guys that are 10 times smarter than me.

00:27:54.460 Okay, so when he gave me the comms job, I'm like, I'm not the best guy for that.

00:27:58.080 I'm going to go hire the best guys.

00:27:59.320 I'm going to go hire Bill Shine.

00:28:01.020 As president of Fox News, he would be able to figure out how to do this way better than me.

00:28:05.120 So, I'm very happy that Bill's there.

00:28:07.780 You know, A people hire A-plus people.

00:28:09.400 And by the way, if you're listening to this and you're not an A person, put some delusion in your life.

00:28:14.860 Start thinking of yourself like an A person.

00:28:16.900 Because if you think of yourself like an A person, you will become an A person.

00:28:20.220 And A persons hire A-plus people.

00:28:23.500 D people hire F people.

00:28:25.900 C people hire D and F people.

00:28:28.620 B people hire C, D, and F people.

00:28:31.420 Right?

00:28:31.580 You know, a previous is like a C-plus person.

00:28:33.900 You know, he was maniacally insecure, maniacally paranoid.

00:28:38.260 And so, you can take this equation that I have in my brain.

00:28:41.640 It's a quadratic equation on human emotion.

00:28:46.420 Insecurity, underconfidence always equals paranoia and backstabbing.

00:28:52.000 You've got 8,900 people working for you.

00:28:54.280 The ones that are complaining, the ones that are backstabbing the other people, they're insecure.

00:28:58.860 They're underconfident.

00:28:59.560 I don't have to say anything bad about anybody.

00:29:02.040 I can stand on my own two feet.

00:29:03.440 It's no problem.

00:29:04.480 You're going to hit me.

00:29:05.280 You're going to try to take me down.

00:29:06.440 Then I've got to go after you.

00:29:07.760 No problem.

00:29:09.000 Because it's not for vengeance.

00:29:10.260 It's for deterrence.

00:29:11.760 You see, I told previous, why don't you knock it off or you're going to create a mortal enemy in me?

00:29:16.960 Why do you want that?

00:29:18.160 Well, you want to knock it off.

00:29:19.460 And so, now we're squared.

00:29:20.320 What's the lesson you and him spoke?

00:29:21.720 I will never speak to the guy.

00:29:23.140 I spoke to him on the 28th of July, that Friday, when he got fired.

00:29:30.440 We flew together on Air Force One to Long Island.

00:29:33.760 The president was making an MS-13 speech.

00:29:36.220 And we had this, like, cold, dead stare towards each other and grimacing hellos to each other.

00:29:41.860 Were you speaking at all?

00:29:42.820 Was there any kind of dialogue?

00:29:44.180 How are you doing?

00:29:44.860 Fine.

00:29:45.200 I'm fine.

00:29:46.080 Got it.

00:29:47.160 These are bad people, dude.

00:29:48.580 Yeah.

00:29:48.820 Okay.

00:29:49.080 You know why the American people hate these people?

00:29:51.080 These American people are right.

00:29:51.880 They can smell that these people are bad people.

00:29:53.480 But let me ask you this.

00:29:54.200 You know the whole saying about how—

00:29:55.080 They just happen to be way worse than they thought.

00:29:58.660 You know how you hear about the dirty part of politics?

00:30:01.200 Mm-hmm.

00:30:01.740 If it's that dirty, why are people getting into politics?

00:30:04.460 Why, you know?

00:30:05.580 Well, I mean, I did it for stupidity reasons.

00:30:08.120 You remember the story I told you earlier in this interview that I read that they were paying people $65,000 a year?

00:30:14.360 Yes, and you won $10, $50,000, you know.

00:30:16.300 So I'm stupid.

00:30:16.840 You know, the Playboy guy, he's interviewing me after I got blown out of the White House.

00:30:20.860 And, of course, I only read Playboy for the articles.

00:30:23.880 I just want to make sure everybody's clear on that for the purposes of this YouTube channel.

00:30:27.740 But the guy's interviewing me.

00:30:29.340 He says, hey, people say you're smart, but you're very politically naive.

00:30:31.540 I looked at the guy and said, I totally disagree with you.

00:30:34.920 I'm not politically naive.

00:30:37.080 I'm politically naive to the ninth power, okay?

00:30:40.000 I went down there as I thought I was going to help out.

00:30:42.160 I didn't realize that it was a zero-sum game and they were going to kill each other.

00:30:46.440 There's a lot of people that snicker at me and say, well, you're an idiot.

00:30:48.660 You're totally naive.

00:30:49.760 Well, you know what?

00:30:50.300 When you're an entrepreneur, you're trying to create a win-win environment.

00:30:55.360 You're trying to add value to people's lives and to your employees.

00:30:58.540 When you're an animal that lives in the swamp known as Washington, you're in a zero-sum game environment.

00:31:04.220 I'm just not built for that.

00:31:05.180 I'm not made for that.

00:31:05.960 As dirty as you thought it was, how much more dirtier is it?

00:31:09.220 Terrible.

00:31:11.260 It's horrific.

00:31:13.040 So one of the best things about Trump.

00:31:14.980 Trump has turned the lights on and the cockroaches are running everywhere.

00:31:19.760 And you're like, oh, my God, these cockroaches are way bigger, way nastier,

00:31:23.060 and way longer in their longevity to survive than we originally thought.

00:31:29.500 Interesting.

00:31:30.620 And they don't care about the American people.

00:31:33.060 They do not care about the American people.

00:31:34.400 They're very focused on the preservation of their own power, their egos, their vanity,

00:31:38.740 and how much money they can make while they're in the game.

00:31:41.060 They do not care about the American people.

00:31:42.860 I mean, you know.

00:31:43.860 Less than 5% of them.

00:31:44.740 You see that.

00:31:45.500 One of the things I say is entrepreneurs, those who are driven by freedom,

00:31:50.740 they go become entrepreneurs.

00:31:52.000 They just kind of want to go out there and leave me alone.

00:31:53.420 Let me do my thing.

00:31:54.020 Let me build my business.

00:31:54.860 And if I fail, great.

00:31:55.680 If I don't, I'll be out.

00:31:56.900 That was a big weakness for me in the White House.

00:31:58.840 Can I tell you why?

00:31:59.460 Tell me.

00:32:00.020 So if I had, you know, I was at Goldman for seven years.

00:32:02.720 Well, let's say I did 35 years at Goldman.

00:32:04.580 Goldman is a great organization, and it's entrepreneurial, but it's a political organization.

00:32:09.560 By the nature of its size, there has to be some levels of politics in it, right?

00:32:13.760 But if you're running Skybridge Capital, and you're the managing partner, you know,

00:32:18.700 there's politics inside of Skybridge.

00:32:20.300 I've tried to cut it.

00:32:21.640 But we both know that there are.

00:32:22.840 Sure.

00:32:23.240 But I'm at the tippy-top of the food chain.

00:32:24.860 Sure.

00:32:25.000 It's my treehouse.

00:32:26.420 Sure.

00:32:26.900 You see, so I'm treated differently in my own treehouse.

00:32:29.020 And you prefer that.

00:32:30.320 I do.

00:32:30.720 You chose that.

00:32:31.580 Yeah.

00:32:31.800 When I moved into the comms job, I was handling that job the way an entrepreneur would handle

00:32:39.400 it, not the way a political operative would handle it.

00:32:41.600 That's my fault.

00:32:42.280 I have to own that, too.

00:32:43.120 That was a classic mistake born from stupidity and inexperience.

00:32:48.420 I should have taken the job and said, okay, I'm now a Washington political operative.

00:32:53.680 Let me slow myself down.

00:32:55.520 Let me watch how these animals work with each other.

00:32:58.220 And then let me pounce when I think it's appropriate.

00:33:00.960 That's not what I did.

00:33:02.080 I went into the White House with a chainsaw and a hockey mask.

00:33:05.940 You probably shouldn't have started my first day with a chainsaw and a hockey mask.

00:33:08.760 And so one of the other fatal flaws for me in the White House was I put my pride and I put

00:33:15.900 my ego into that decision-making.

00:33:18.720 You see, so Priebus and Bannon were blocking me from the original job.

00:33:21.960 I was going to be the president's networking officer.

00:33:24.420 They blocked me from that job.

00:33:25.560 So I spent six months figuring out how I was going to get in there, got myself in there,

00:33:30.460 and then I turned the chainsaw on and went after them.

00:33:32.840 That's pride and ego.

00:33:35.740 And so what I would tell your listeners-

00:33:37.540 From your end or from my end?

00:33:38.900 From your end.

00:33:39.700 Those are, that was, anytime I-

00:33:41.460 Priebus for saying that, because a lot of times we'll have a hard time sharing that.

00:33:44.260 Isn't this an educational moment for people?

00:33:45.980 It is, absolutely.

00:33:46.580 And it's a teachable moment for entrepreneurs.

00:33:48.360 I'm trying to let them know these are mistakes that I made in my life and in my career that

00:33:52.800 were very costly.

00:33:54.300 Don't make that same mistake.

00:33:56.300 Learn from my experience.

00:33:57.480 So I put my pride and my ego into the decision-making and I hurt myself.

00:34:03.500 Do you think a part of it was-

00:34:04.380 And anytime I put my pride and my ego into my decision-making, frankly, I have hurt myself.

00:34:08.300 Yeah, because when I saw you on TV, you'd get up and you'd address the questions, poised,

00:34:13.000 calm, like no one could get upset at you.

00:34:14.920 You were just very-

00:34:16.420 And that period, at last, I was like, oh, this guy's going to be around for a while.

00:34:20.360 You know, he's handling it so well.

00:34:22.240 You know, it was almost like you couldn't-

00:34:23.780 Remember when Kellyanne Conway would be on TV and everybody would be furious because they

00:34:27.160 couldn't argue.

00:34:28.760 It was like, what do you say to her?

00:34:30.320 And she was holding herself very well.

00:34:32.120 Similar thing with you.

00:34:33.040 And then I-

00:34:33.420 I appreciate it.

00:34:33.620 Obviously, you read about what was said and all that stuff, you know, on the call.

00:34:36.360 I remember something.

00:34:36.920 And though I said that stuff, you should go listen to the recording.

00:34:40.580 I said that stuff to somebody I thought it was a friend.

00:34:44.520 It was an Italian kid from the neighborhood next door to me.

00:34:47.640 His father knew my dad for 50 years.

00:34:50.100 And so I actually picked up the phone and called him.

00:34:52.440 I was teasing him about the information and then I was asking him and then he gagged me.

00:34:56.560 That's tough.

00:34:57.380 Because that's the part, how do you trust in that world you're in?

00:34:59.940 In a way, that's why I said I was naive to the 20th power.

00:35:03.360 I thought he was a friend.

00:35:04.340 He was not a friend.

00:35:05.940 He ran out and he did something to me that hurt me.

00:35:09.220 It created a level of vulnerability in me and it caused Kelly to eliminate me from my job.

00:35:14.060 And it caused Trump to allow Kelly to eliminate me from my job.

00:35:17.460 They said, okay, this guy's inexperienced.

00:35:19.380 He made a rookie mistake.

00:35:21.240 We can't have him make a bigger, more disastrous mistake of that.

00:35:24.200 You're fired.

00:35:25.120 So they knocked me out of the job.

00:35:26.740 And so I own that.

00:35:28.620 And so that's another cautionary tale.

00:35:30.800 If you're in Washington and you want a friend, do what Harry Truman said, buy a dog.

00:35:35.940 Nobody is your friend.

00:35:37.620 Nobody is your friend.

00:35:38.980 So that was another mistake I made.

00:35:40.940 So pride and ego and trusting somebody that I shouldn't have trusted, those were two big fatal mistakes.

00:35:46.580 But, you know, there's beauty to those mistakes because I have owned them.

00:35:51.200 Here's another big lesson, accountability.

00:35:53.740 Here's another big lesson, don't be too proud.

00:35:56.940 Okay, open yourself up and put it out on the field for people because America likes comeback stories.

00:36:02.840 Of course.

00:36:03.180 America likes the idea that, hey, this person's expressing his flaws.

00:36:07.500 He who has not sinned or he who doesn't have a flaw, throw the first rock.

00:36:12.740 Okay, I've yet to meet a person that's flawless.

00:36:15.860 And so those are many.

00:36:17.300 I mean, I have a whole phone book of flaws, but those are ones that took place inside the White House.

00:36:21.360 Yeah, I thought for sure you were going to be around for a while.

00:36:24.000 Temperament, comment.

00:36:24.700 I thought this guy's going to be around for a long time.

00:36:26.860 Well, I mean, if you've seen me on TV, I have a good temperament.

00:36:31.760 I don't lose my cool.

00:36:33.620 Listen to the recording.

00:36:35.060 When you sit with Republicans and liberals the way you do it, they like you.

00:36:40.240 People who disagree with you, they like you.

00:36:42.600 Well, because I have the right temperament for this.

00:36:44.620 If they're saying listen to the recording.

00:36:46.520 He wrote the story like I was unhinged and some kind of a maniac.

00:36:51.060 Just go listen to the recording.

00:36:53.340 It's me talking to him the way I'm talking to you.

00:36:56.520 He says to me, well, we want to do a profile on you in The New Yorker.

00:37:01.080 And I'm laughing.

00:37:01.780 I'm not going to want a profile done on me in The New Yorker.

00:37:04.800 I'm here to serve the president.

00:37:06.520 What do you think?

00:37:06.880 I'm self-promotional like Steve Bannon?

00:37:08.820 I'm not Steve Bannon.

00:37:10.520 Blankety blank blank.

00:37:11.740 That's what I said.

00:37:12.820 The same way I'm talking to you.

00:37:13.940 Right.

00:37:14.240 Okay, oh.

00:37:14.920 Except cameras are off.

00:37:15.960 And he took the thing and he ran.

00:37:18.140 And I've never cursed on a live television show.

00:37:21.340 I've never cursed on an interview.

00:37:23.220 It's not my personality.

00:37:24.340 But I'm a neighborhood kid.

00:37:25.700 I grew up in a neighborhood.

00:37:26.720 I was driving a car at 14.

00:37:28.980 I'm working with Hell's Angels at 14.

00:37:32.340 You don't think I've said a few curse words?

00:37:33.780 Right.

00:37:34.100 By the way, you think I'm the only person in the West Wing of the White House,

00:37:37.400 in the history of the White House, that's cursed?

00:37:40.080 I think everyone knows that.

00:37:41.840 I mean, I think everybody knows that.

00:37:43.520 It was used as a foil.

00:37:45.240 The establishment wanted me out of there.

00:37:47.220 You know, the press conference that you're referencing,

00:37:49.660 so I give that press conference 40, 50 million people see it.

00:37:52.160 It lasts for 35 minutes.

00:37:54.060 I come off the podium.

00:37:54.880 The president liked it.

00:37:56.200 I get a call from a Republican, 30 years in opposition research.

00:38:00.680 The guy says to me, you're dead.

00:38:02.680 I said, I'm dead?

00:38:03.620 What do you mean?

00:38:04.800 You can't talk like that from the White House.

00:38:06.760 You can't tell the truth like that from the White House.

00:38:10.540 You're scaring the lights out of all of these politicians.

00:38:14.200 You want the truth?

00:38:15.160 Here's the truth.

00:38:15.700 We are out of whack with our deficit.

00:38:18.320 Absolutely crazy that we're spending this amount of money relative to the amount of money we're taking in.

00:38:23.580 You want the truth?

00:38:25.200 Okay?

00:38:25.720 We have to cut back on the entitlements and right-size the entitlements.

00:38:29.860 We've over-promised the whole generation of people.

00:38:32.680 How did President Trump feel about the way he handled it?

00:38:34.660 He was fine with that.

00:38:35.260 No, he was fine with it.

00:38:35.980 But the other guy's saying you're...

00:38:37.260 No, no, no.

00:38:37.520 These elected leaders were calling this opposition research guy saying,

00:38:40.680 Hey, man, what do you got on this guy?

00:38:42.840 We've got to get rid of this guy.

00:38:43.700 You can't have this guy telling the truth.

00:38:45.080 Got it.

00:38:45.580 This is like a few good men.

00:38:46.900 They can't handle the truth.

00:38:47.800 Well, I kind of liked your approach, though.

00:38:49.380 I kind of liked that.

00:38:50.200 That made me because you got Sean Spicer.

00:38:53.100 Sean Spicer is a joke.

00:38:54.480 I mean, he's like Liar Spicer.

00:38:56.020 I don't know how he got hired.

00:38:57.200 I have no idea how he got the job.

00:38:58.260 Every Spice girl has a nickname.

00:39:00.200 His is Liar Spice.

00:39:01.240 He's Liar Spice from the Spice Girls.

00:39:02.940 I mean, come on.

00:39:03.620 This guy's a joke.

00:39:05.080 And also, you think that you can talk with that level of disingenuousness

00:39:09.060 and get any credibility whatsoever?

00:39:11.800 It's a joke.

00:39:12.580 I never understood him getting that job.

00:39:14.580 But let me ask you this question.

00:39:16.260 Let me ask you this question.

00:39:17.360 Here's a question for you.

00:39:18.680 So, Michael Cohen.

00:39:20.020 Obviously, you saw what happened with Michael Cohen.

00:39:21.700 You saw his sit down with, I think it was, who was he with?

00:39:24.440 George?

00:39:24.860 George Stephanopoulos.

00:39:25.200 Yes.

00:39:25.420 And you see him, and he's going back and forth, and he's saying,

00:39:28.080 What matters to me is my family, and I'm not going to let him taint my legacy, etc., etc.

00:39:33.680 You know, Anthony, what is the difference between a snitch and a whistleblower today?

00:39:39.640 I'm not a big fan of the whole thing, to be honest.

00:39:41.800 So, I think that the whole whistleblowing thing, for me, I'm not a big fan of that either.

00:39:47.760 You know, I'm not one of these self-righteous moralists, okay?

00:39:50.620 If there's something wrong in the system, let's say you're running the system,

00:39:54.120 I'd rather go to you and say,

00:39:55.960 Hey, man, Patrick, the system's screwed up.

00:39:57.800 You've got to cut this out, okay?

00:39:59.640 And, you know, and start a reform movement inside the system,

00:40:02.880 then run out to a television camera and, quote-unquote, snitch or whistleblow on you, okay?

00:40:08.920 As it relates to Michael, it's a very complicated situation there, you see,

00:40:12.380 because there was sort of a toxicity, ultimately, between their friendship and their relationship, okay?

00:40:17.940 Because Michael, and I've said this to Michael, and I'm friends with Michael,

00:40:22.540 you know, Michael came almost like a groupie to the president.

00:40:25.620 He admits it.

00:40:26.360 He felt like he was indoctrinated into a cult.

00:40:28.160 So now he's a groupie for the lead singer in a rock and roll band,

00:40:31.580 and he's enamored by the crowds, and he's enamored by all the things that are going on with the rock and roller.

00:40:36.800 And then the rock and roller's boozing and doing drugs or sleeping with different people.

00:40:41.880 You know, Trump's not boozing or doing drugs.

00:40:43.760 I'm just giving you the metaphor of a rock and roll singer.

00:40:46.320 And so now the groupie is overly loyal to the rock and roll singer,

00:40:50.260 and he starts making misjudgments.

00:40:52.760 He starts making decisions that are regrettable.

00:40:56.420 There's symmetry.

00:40:58.100 You know, I don't like a snitch, and I don't like a, quote-unquote, whistleblower,

00:41:02.560 but I also dislike people who cut other people loose, okay?

00:41:08.000 So if the president's guilty of anything here, it's asymmetrical loyalty, okay?

00:41:13.460 That's an accusation that's been made toward the president,

00:41:15.760 and the president should really step back and think about that, okay?

00:41:18.520 Because loyalty is symmetrical.

00:41:20.900 Loyalty should go both ways.

00:41:22.240 So you can't expect somebody like Michael Cohen to be loyal to you if you're cutting them loose

00:41:26.960 and blasting them on Twitter.

00:41:28.660 That's not going to work.

00:41:30.140 You know, start blasting me on Twitter.

00:41:31.380 We're going to war.

00:41:32.640 You understand what I'm saying?

00:41:33.480 You know what I'm saying?

00:41:34.320 I'm going to be very loyal to you because I like you as a guy.

00:41:37.180 I may not like every aspect of you.

00:41:39.060 I may not like the child separation policy.

00:41:41.780 I don't like the disavowal of the intelligence agencies.

00:41:44.920 I can select things.

00:41:46.140 I mean, I like the broad strokes of your agenda, and I like you as a person.

00:41:51.100 Now, Mayor Koch had a great line.

00:41:52.560 We're in the great city of New York.

00:41:53.680 What did he say?

00:41:54.880 He said, if you agree with nine out of the 12 things that I stand for, you should vote for me.

00:41:59.760 But if you agree with 12 out of the 12 things I stand for, you need a psychiatrist, okay?

00:42:04.780 So you're never going to find a politician where your fingerprint and their fingerprint are attached.

00:42:08.040 That's so powerful.

00:42:09.140 Think about it.

00:42:09.740 That's so powerful.

00:42:10.400 So I'm not going to sit here and say that I like everything about the president and every slice of the thing.

00:42:14.180 I don't like everything about just about anybody, and a lot of people don't like things about me.

00:42:18.760 I'm cool with that.

00:42:19.860 Right.

00:42:20.460 But what happened there was there should have been symmetry to the loyalty circuit between the two of them, and there wasn't.

00:42:26.040 So that kind of backfired.

00:42:27.460 Backfired.

00:42:28.040 So it's another lesson.

00:42:29.980 Number one, if you're a young kid watching this popular podcast, don't be anybody's groupie.

00:42:36.580 I don't care how talented they are.

00:42:38.120 I don't care how charismatic they are.

00:42:39.800 I don't care how many fans they're attracting, and you want to be part of that allure.

00:42:44.180 Don't be anybody's groupie.

00:42:45.840 That's number one.

00:42:47.020 Number two, loyalty is symmetrical.

00:42:50.220 It has to go back and forth between two people.

00:42:52.800 If you're being overly loyal to somebody, stop it.

00:42:56.080 You don't owe that to anybody.

00:42:57.700 Those are lessons.

00:42:58.940 Interesting.

00:42:59.460 It's been a great life experience for me, by the way.

00:43:01.260 As miserable and as humiliating as it was at times, the way they tumbled me and they grinded me up and the way they tabloided me, it's been a great life experience.

00:43:10.980 You've been handling it well, though.

00:43:11.920 I'm not meeting you without the life experience.

00:43:13.640 I'm not hanging out on Saturday Night Live's stage last Saturday without the life experience.

00:43:18.640 So it's fine.

00:43:19.380 You've got to take the good and the bad.

00:43:20.360 You know how it is being in business is you have to read people as well.

00:43:23.860 And you've got intuition, you've got to read people.

00:43:25.900 You do it all the time.

00:43:26.640 From the moment you came here, you walked the whole thing.

00:43:28.560 You're asking questions.

00:43:29.400 What's that book about?

00:43:30.220 You're from Iran.

00:43:30.980 Were you Christian?

00:43:31.700 Are you Muslim?

00:43:32.240 Why are you named Patrick?

00:43:33.600 What's your real name?

00:43:34.280 You're studying.

00:43:34.800 So you have to always study.

00:43:36.300 You're on all the time.

00:43:37.600 My study on you is I don't think you're done with being in the Oval Office.

00:43:41.420 I don't think you're done doing stuff with politics.

00:43:43.260 How are you going to do that?

00:43:43.940 I mean, nobody is going to bite me back in the Oval Office.

00:43:47.480 I don't think so.

00:43:47.560 I think, I don't think so.

00:43:48.600 Who's going to bite me back in the Oval Office?

00:43:49.560 I don't know.

00:43:49.580 I think there's some, first of all.

00:43:51.040 Somebody's going to bite me back in the Oval Office.

00:43:52.340 They're not going to run the risk.

00:43:53.320 They're going to say something that I believe.

00:43:54.620 First of all, it starts with aspirations.

00:43:56.000 I think if you feel you can bring value, then that's the part.

00:43:58.760 Like for me, if I know for a fact I can't bring value in a place, I'm not even, listen.

00:44:03.360 Patrick, here's what I'm going to do.

00:44:04.160 I'm going to double the size of my business.

00:44:05.760 Okay.

00:44:05.960 And so I'm a young guy.

00:44:07.660 I'm going to double the size of my business.

00:44:09.880 20 bill a year?

00:44:10.700 20 bill under management?

00:44:11.880 I got 10 billion under management.

00:44:13.160 I'm going to go to 20 billion under management.

00:44:15.200 I think I can get that done in five years.

00:44:16.420 You can invite me back on your podcast, and then we'll talk about other aspirations.

00:44:19.340 Let's talk about that.

00:44:20.100 So market-wise today.

00:44:21.260 For me, what I don't like about what's going on is that we're going to run

00:44:25.540 the country down the drain because we've got a bunch of leaders that actually don't

00:44:30.900 care about the country.

00:44:31.960 Okay.

00:44:32.160 So we're going to let the country that you love, that your family dreamt about, where

00:44:37.800 you showed up in L.A., and you built this great business in Dallas, and anything is

00:44:42.300 possible in this country.

00:44:44.100 Okay.

00:44:44.760 We're going to let the country go down the drain.

00:44:46.360 I'm not going to let that happen.

00:44:47.240 You're going to let that happen?

00:44:48.100 I'm not letting that happen.

00:44:48.980 Absolutely not.

00:44:49.600 The flip side is they did a good job of crushing me, and they hurt my business, and they

00:44:54.300 told so many lies.

00:44:55.280 It was just ridiculous.

00:44:56.520 Then they blocked me in the whole CFIUS process with the Chinese investor.

00:45:00.480 The $10 billion.

00:45:01.160 But they apologized.

00:45:02.060 They came back, and they apologized.

00:45:03.040 You're talking about the $10 billion.

00:45:04.420 No, but is my company a national security risk of the country?

00:45:09.480 It's a fund of funds.

00:45:10.780 It's like a joke.

00:45:11.520 Right.

00:45:11.820 Okay?

00:45:12.420 So that's how Washington operates, right?

00:45:14.460 So no whining.

00:45:15.980 Here's more lessons for your listeners.

00:45:18.160 No whining in sports and politics.

00:45:19.920 I got my effing ass kicked, but I'm like mayhem in the Allstate commercial, dust myself off,

00:45:26.560 and move on.

00:45:27.640 There is no whining in sports or politics, okay?

00:45:30.420 Just the way it works.

00:45:31.800 Okay?

00:45:32.020 So now I got my business back.

00:45:33.500 I got my family back.

00:45:34.480 We didn't even talk about my almost divorce, which was another disaster.

00:45:38.180 So I got my business back.

00:45:39.440 I got my family back.

00:45:40.560 I'm going to double the size of my business, and then let's see what happens after that.

00:45:43.800 Yeah.

00:45:44.300 It's been a great life experience for me.

00:45:46.360 You know, half the time, people hire others that have been through hell and back because

00:45:49.820 you need somebody like that.

00:45:51.000 Because if you haven't been, you know, why is Trump able to handle it?

00:45:55.180 Because the politics and real estate in New York is pretty ugly enough that he tried to

00:45:59.480 go into Vegas.

00:46:00.280 He had to deal with wind.

00:46:01.220 Wind tried to go to Atlantic City.

00:46:02.620 These are all political things that he's experienced.

00:46:05.000 He saw the stuff that his dad had to go through Fred.

00:46:06.920 So that helps.

00:46:08.100 That helps to be able to handle it at a higher level.

00:46:10.080 He's tough.

00:46:10.960 He's tough.

00:46:11.560 Yeah, he's very tough.

00:46:12.560 He's the toughest SOB that I know.

00:46:14.100 He's a tough guy.

00:46:14.900 Yeah, and I don't think anybody else could handle what's going on right now at the levels

00:46:19.840 it is if it wasn't for him.

00:46:21.100 You have to understand why they're so against him, though, right?

00:46:22.580 Because he's an antigen in their environment.

00:46:24.960 He represents change.

00:46:26.600 They've got to kill him, metaphorically.

00:46:29.400 Otherwise, there's another billionaire coming in.

00:46:31.640 It could be a left or right-leaning billionaire.

00:46:33.460 You think Tom Steyer or Bloomberg is going to have an easier time than Trump?

00:46:37.720 They're going to try to kill the guy because they can't be bought.

00:46:41.080 Let me tell you what Washington does.

00:46:42.120 I don't think Bloomberg is going to have a tougher time than Trump.

00:46:44.900 I don't think Bloomberg is going to have a tougher time than Trump.

00:46:46.780 You think he's going to get the nomination?

00:46:48.720 No, I'm not saying.

00:46:49.340 No, no, no, no, no, no, no, nomination, no.

00:46:51.720 Not nomination, no.

00:46:52.780 I'm saying if he sits.

00:46:54.280 Let me tell you something.

00:46:55.160 Yeah.

00:46:55.540 Here's how they do it.

00:46:56.640 They look at you.

00:46:57.240 They say bought, can't be bought.

00:47:00.180 Bought, can't be bought.

00:47:02.100 If the swamp thinks you can be bought, they love you.

00:47:04.460 Of course.

00:47:05.020 Because it's not really a swamp.

00:47:05.900 Sure.

00:47:06.140 It's actually a gold-plated hot tub with no drink.

00:47:08.260 Sure.

00:47:08.640 They hand you two bottles of Cristal.

00:47:10.260 They give you the Cubano.

00:47:11.440 And you hang out in the swamp with them in the hot tub.

00:47:14.580 Right.

00:47:14.880 If they don't think you can be bought, they're coming to kill you.

00:47:19.160 They don't want you anywhere near their game.

00:47:21.420 They want you.

00:47:22.300 They want a guy like me from the White House podium exposing what they're doing to the American people.

00:47:29.660 They don't want that.

00:47:30.300 Let me explain to you how the lobbying circuit works and you want me to explain to you how they curry favor with each other and how the senators are allowed to insider trade inside the Congress and they're feathering themselves to tens of millions of dollars pursuant to the regulations that are tied to the businesses that they're putting their money in their personal accounts on.

00:47:49.540 They don't want all of that exposed.

00:47:51.420 You've got to get a guy like me back in New York, man.

00:47:53.860 And by the way, we're going to opposition research you.

00:47:57.020 They wrote a negative article about this poor company, H&A, from China every single week while I was going through the CFIUS process.

00:48:05.600 When the CFIUS process stopped and the deal broke, they stopped writing the articles.

00:48:10.180 You think that's a coincidence?

00:48:11.600 No.

00:48:11.860 Give me a break.

00:48:12.780 Okay, come on.

00:48:13.280 So listen, the American people are going to have to make a decision.

00:48:16.540 Right now, they like the lying.

00:48:18.840 They want their Social Security checks paid on time, the Medicare paid on time.

00:48:22.360 And so they know that the country's overburdened by the entitlements and we're outstretched from a military perspective and all these things.

00:48:29.360 So they like the lying.

00:48:30.600 Let's see how long we can perpetuate this thing, right?

00:48:33.020 In the long run, John Cain said, we're all dead, so let's keep perpetuating this thing and see what happens.

00:48:37.480 But ho, ho, ho.

00:48:38.700 You've got kids.

00:48:39.620 I've got five of them.

00:48:40.960 I don't want the country to be destroyed for those people.

00:48:44.240 We've got to fix it.

00:48:44.940 You can't sit here anymore and say, oh, ho, ho, ho.

00:48:49.380 No, fix it.

00:48:51.060 Fix the problem.

00:48:52.140 Address the problem.

00:48:53.260 We have no politicians in the country, Patrick, that have a 25-year plan for America.

00:48:58.120 You know anybody?

00:48:59.260 Anybody that you've interviewed that says, here's my 25-year plan on infrastructure, 25-year plan on education.

00:49:05.540 There's a question.

00:49:06.540 Why?

00:49:06.560 Because that doesn't allow them to stay in power.

00:49:08.640 Right.

00:49:08.840 It allows them to stay in power now.

00:49:10.260 Our system doesn't allow that.

00:49:11.820 Disaffect the people in the middle, sit on the fat tails, the right-leaning guys will stay in power, the left-leaning guys will stay in power, and let's butt heads in the middle so that we can appeal to our bases.

00:49:23.380 But what you're suggesting means no term limits.

00:49:26.360 That's what you're suggesting.

00:49:27.500 No, I'm suggesting something different.

00:49:30.180 I'm suggesting in our national interest, no matter how long you stay in Washington, two presidential terms, a senatorial term, it doesn't matter.

00:49:38.900 However, we should collectively be focused less on right- or left-leaning strategies and more on right- or wrong policies.

00:49:48.880 Okay.

00:49:49.380 In our national interest, when you have a crisis in the United States, the left and the right figure out a way to pull together.

00:49:56.680 That's what they did after the Second World War.

00:49:58.840 That's what they did to fight the Cold War.

00:50:01.020 And so now we're not doing that.

00:50:02.280 Yeah, but the media didn't have as much influence as it does today.

00:50:04.520 That's true.

00:50:05.000 It's a different wall here today.

00:50:05.140 So we have no existential threat.

00:50:07.360 We have a very fragmented media.

00:50:09.160 Yes.

00:50:09.480 You're getting more ratings on your YouTube channel than some of these local television stations.

00:50:14.260 So I don't know what's going to happen, but we have to fix it.

00:50:18.440 Okay.

00:50:18.680 And by the way, these problems are not fixable in a minute, in a news cycle, in a two-hour interview, or a two-year congressional term.

00:50:28.040 But over 25 years, there's not one problem that the United States has that cannot be fixed.

00:50:33.120 Not one.

00:50:34.440 And I agree with that, but I think some of the things systematically has to be changed.

00:50:39.700 So let me ask you this question about media.

00:50:42.180 So you know a lot of times people say things like, you know, Alex Jones recently was banned from 100 different social media platforms.

00:50:47.360 You can't be on PayPal.

00:50:48.240 You can't be on Patreon.

00:50:49.340 You can't be on Facebook, Twitter, all this stuff.

00:50:51.580 Permanently Milo's experienced some progress experiencing a little bit with YouTube, all this other stuff.

00:50:55.620 And you keep hearing about it.

00:50:57.060 Shadow banning.

00:50:57.760 Yeah, the shadow banning, shadow banning, shadow banning.

00:51:00.040 But this is the question.

00:51:01.460 If media right now, MSNBC left, CNN left, Washington Post, LA Times, New York Times.

00:51:07.980 I mean, I can go all around, right?

00:51:10.140 Why aren't some of these guys, the Koch brothers, have all the money in the world?

00:51:13.360 Why don't they get together with a, you know, Rex, who was a former CEO of Exxon, who has access to the right contacts?

00:51:19.680 Why don't they create some kind of a social media platform?

00:51:22.240 Why are they not investing to something like that?

00:51:23.720 That's a good question.

00:51:24.240 Maybe at some point they will.

00:51:25.380 Well, I know the Koch brothers looked at a couple of different media properties to potentially buy, and then they thought they'd have to go through too much FCC craziness.

00:51:35.180 You know what I mean?

00:51:35.560 The government, by and large, is left-leaning, and the policies and the bureaucracies, by and large, left-leaning.

00:51:41.820 And so what's weird about the whole thing is that the university's very large percentage of the college professors are left-leaning, yet half of the students are right-leaning.

00:51:51.340 So it tells you that brainwashing really doesn't work.

00:51:53.820 You know, the number is, Washington Times, now Washington Post, did an article saying, for every one conservative professor, there are 12 liberal professors.

00:52:04.580 Yeah, okay, so there you go.

00:52:05.300 One for 12.

00:52:05.580 Yeah, the number is pretty stagnant.

00:52:06.360 So think about it.

00:52:06.960 So there's 87%, 90% that are liberal versus conservative, yet half of the kids are right-leaning and conservative.

00:52:14.160 So that tells you something that, you know, you're not going to be able to brainwash people, which is why the left is so scared, right, because that's why they have this whole collective bee swarm, you know.

00:52:24.840 Don't let him on the TV.

00:52:26.460 My God, we can't let him on TV.

00:52:28.940 You know, he's a Trump supporter.

00:52:30.960 Please ban him from CNN.

00:52:32.700 His 11 days in the White House don't allow him to be on CNN.

00:52:35.660 I mean, I've seen all the robots hit me, and his 11 days of fame or his 11 minutes of fame are up and blah, blah, blah.

00:52:41.940 Okay, but you have to understand something.

00:52:43.720 My voice is going to be heard whether you like it or not.

00:52:46.000 It's just going to be.

00:52:46.860 Okay, sorry.

00:52:47.600 You know, I'm not going to walk into the shame box that you built for me and to sit in there with a dunce cap.

00:52:53.100 I'm not doing that.

00:52:53.860 I'm going to go out there and explain myself, and I'm going to bring as many people with me to galvanize them.

00:52:58.840 Now, I can't go to my alma mater, as I referenced, okay.

00:53:02.200 They will not allow me back on campus because I'm a Trump supporter.

00:53:05.300 I had to resign from the border of the Fletcher School.

00:53:07.400 I saw that. 256 people, you know.

00:53:09.120 No problem.

00:53:09.580 I resigned.

00:53:10.360 Guys, no problem.

00:53:11.300 You don't want voices like mine on your campus.

00:53:14.100 I had a 36-year relationship with the school.

00:53:16.460 Gave them a lot of money.

00:53:18.020 They're saving me millions of dollars.

00:53:19.780 No problem.

00:53:21.460 Okay, University of Chicago, you can go there.

00:53:23.560 They have a free press policy there.

00:53:25.720 But most of these schools don't.

00:53:27.460 So what does that tell you?

00:53:28.260 They couldn't walk on Berkeley, by the way.

00:53:30.280 They're wrong on the ideas.

00:53:33.560 If they were right on the ideas, why wouldn't they allow a free marketplace of discourse on the ideas?

00:53:38.680 But that's the concern, though.

00:53:39.540 The whole concern is the fact that there aren't platforms, that at the top, they're open to both, right?

00:53:44.700 There are not a lot of platforms that allow somebody to come and, you know, voice their opinions.

00:53:49.720 Like, for instance, I've had Jerry Springer on.

00:53:51.280 I've had, you know, Gloria Allred on.

00:53:53.920 I mean, you know Gloria Allred, who she is.

00:53:55.400 And you know Jerry Springer.

00:53:56.300 We've also had Alex Jones on.

00:53:57.640 And we've had, you know, Prager on.

00:53:59.980 Sometimes I just wonder, you know, why from the top some investment.

00:54:02.980 If there's ever been a time to be able to buy a Twitter, to be able to buy, you know, the guy from Salesforce just bought Time Magazine for $350 million, which is nothing, to be able to buy some of these platforms.

00:54:13.440 I don't even think he paid that much, actually.

00:54:15.160 If you really look through the whole thing.

00:54:16.340 But the point is, think about how long.

00:54:17.580 The return of the deferred account, I only think he paid $180 million.

00:54:20.120 But, you know, Time Magazine, when we were kids, is a different thing than it is today.

00:54:25.900 It's a well-known brand, but it's, in a fragmented environment, it's a much smaller pizza slice of what it was.

00:54:33.420 Now, maybe he can innovate.

00:54:34.700 I will tell you that the Washington Post, you've got to give Bezos credit.

00:54:38.020 Of course.

00:54:38.420 The Washington Post is in a full-blown renaissance.

00:54:41.140 He's hired great reporters.

00:54:42.500 It's left-leaning, okay.

00:54:43.840 It's not my, I'm not in love with the paper.

00:54:46.620 I'm not in love with the paper's editorial section.

00:54:48.540 But he's doing what you're supposed to be doing.

00:54:49.520 But I am impressed with what they're doing, okay.

00:54:52.100 As an objective bystander, I'm impressed.

00:54:54.280 And moreover, I only did one thing of official record in the White House, other than assent to Sarah's position as press secretary.

00:55:04.040 I turned the lights and cameras back on.

00:55:06.120 People don't remember this, but Sean Spicer had the lights and cameras off, and he was trying to punish the press, not allowing them on television.

00:55:14.260 Hey, dude, grow up, okay.

00:55:15.600 It's the free press.

00:55:16.780 You just did a lot of that.

00:55:17.580 And let me tell you something.

00:55:18.700 We've got to hold people in power accountable.

00:55:21.220 That's how it works in a free and democratic society.

00:55:24.100 How do you think Sarah Huckabee Sanders is doing?

00:55:26.060 As well as anybody can do in the toughest job in the universe.

00:55:29.680 Seriously.

00:55:30.520 Okay.

00:55:31.000 That's the toughest job in the universe.

00:55:33.860 Okay.

00:55:34.040 There's a Martian right now observing the planet saying, well, I'm glad I don't have Sarah's job.

00:55:39.080 Jesus.

00:55:39.860 That's a rough job.

00:55:40.900 Do you think President Trump's going to get reelected?

00:55:43.560 I do.

00:55:44.480 You do?

00:55:44.940 Yeah.

00:55:45.760 And knowing the fact that you're in the financial industry right now, you've been in it for over 30 years, $10 billion under management.

00:55:52.140 What do you foresee taking place?

00:55:53.500 I know March 1st is a big day for tariffs.

00:55:55.440 I know Wednesday federal rates are going to go back up again.

00:55:59.080 Opportunities and crisis.

00:56:00.580 What do you notice?

00:56:01.640 What do you see?

00:56:02.360 I mean, the market's correcting right now.

00:56:04.220 It's had a very big bull run since his election.

00:56:07.080 But the bull thesis is still intact.

00:56:09.560 If the Fed raises rates, which I predict that they will, they'll start to slow down the rate hikes to allow the economy a little bit more room for expansion.

00:56:17.920 And I think you'll get the expansion.

00:56:19.940 Tax cut is going to help.

00:56:21.120 It's not a sugar high.

00:56:22.640 There's actually real stimulating things that are happening in the economy.

00:56:26.840 And he's making the economy from a tax effective basis.

00:56:31.620 He's making the economy way more competitive globally.

00:56:33.800 And so there'll be more flow of global capital into the United States.

00:56:37.200 So all those things are very positive.

00:56:39.120 The reason why I think he's going to get reelected is that the Mueller investigation, no matter what they say about him, will likely not knock him out of office.

00:56:48.140 It will not, in my opinion, it may trigger an impeachment in the House, but it's not going to affect a release of office or a removal from office in the Senate.

00:56:59.280 That's my opinion.

00:57:00.260 If I'm wrong about that, invite me back and I'll eat crow.

00:57:02.980 But so I think he's tough enough to stay in the position.

00:57:05.800 And what we know about incumbent presidents, it's almost impossible to knock him out of the game unless there's a steep recession.

00:57:13.040 And we're not going to have that.

00:57:14.440 There's too much cash flowing around.

00:57:16.100 There's too much opportunity.

00:57:17.160 The forces of deregulation that he set foot in the economy are going to still unleash a lot of economic growth.

00:57:23.420 So, you know, I could be wrong.

00:57:25.480 So you're bullish.

00:57:26.320 If there's something incriminating, way worse than what we've now been exposed to, and we've had 19 months of this sort of rigorous investigation, you know, you've got to find something.

00:57:36.240 If they find something and they nail him to the wall and he's, quote unquote, unindicted or sealed indictment or something like that, maybe he gets knocked out of office.

00:57:46.120 But I don't think so.

00:57:48.120 And if that happens, you're seeing a big hit on the market, if that does take place.

00:57:51.740 You would.

00:57:52.700 You would see a big correction in the market.

00:57:54.420 Last thing, lightning run.

00:57:55.580 I'll give a name and you tell me the first thing that comes to mind.

00:57:59.160 Okay.

00:57:59.520 Here's lightning run.

00:58:00.440 Okay.

00:58:00.660 Steve Bannon.

00:58:02.180 Ideologically evil.

00:58:04.340 Jim Acosta.

00:58:05.100 Making himself too much of the story, but by and large, very smart, good journalist.

00:58:08.400 Joe Biden.

00:58:08.840 He fumbles the football when he hits the line of scrimmage.

00:58:12.060 Just look at his debates with John Edwards and Barack Obama and Hillary Clinton and even going back to the Dukakis era 30 years ago.

00:58:20.040 Joe's a very likable buy, but very hard to go up against the jiu-jitsu artist of mudslinging, Donald J. Trump.

00:58:27.220 Bloomberg.

00:58:28.060 Formidable adversary.

00:58:29.880 Soros.

00:58:30.300 And very competent.

00:58:31.040 Oh, formidable adversary.

00:58:32.360 Yeah.

00:58:32.500 And very competent.

00:58:33.120 Yeah.

00:58:33.420 Very competent.

00:58:34.120 If he wins the nomination, he'll give Trump a hard time.

00:58:37.220 I think so as well.

00:58:38.300 I think so as well.

00:58:39.520 Soros.

00:58:40.000 I think we do this to each other.

00:58:41.600 We dehumanize and demonize people, and he's probably not that, but his politics are probably not for me, but I don't dislike him.

00:58:49.740 Okay.

00:58:50.040 Beto O'Rourke.

00:58:50.680 He's got a cool name.

00:58:51.540 He looks like one of the Kennedys, and so he's going to get a ton of free media.

00:58:54.940 Mueller.

00:58:55.360 I think he's a straight-up guy.

00:58:57.560 We'll see what happens.

00:58:58.700 Comey.

00:58:59.160 Look, I mean, he's not going to like me saying that.

00:59:00.460 He's just too sanctimonious and self-righteous.

00:59:03.220 You know what I mean?

00:59:03.680 You're writing a book called Higher Loyalty.

00:59:05.320 Like, what, are you better than all the rest of us?

00:59:07.700 I mean, come on.

00:59:07.960 Give me a break.

00:59:08.960 Okay?

00:59:09.240 I mean, you lied to the Congress.

00:59:11.460 You leaked something you weren't supposed to leak.

00:59:13.620 You're doing stuff that everyone else is doing, so try not to pretend that you're that righteous and sanctimonious.

00:59:19.380 Mattis.

00:59:19.700 But I don't really dislike Comey either.

00:59:21.160 He's trying to serve the country.

00:59:23.220 Mattis is a very smart, talented guy.

00:59:26.380 Very well read.

00:59:27.380 Kellyanne Conway.

00:59:28.740 She's a friend of mine.

00:59:29.600 I think she's done a very good job, and I think that by and large, she's been unbelievably helpful to the president.

00:59:34.320 Bernard Kerik.

00:59:35.900 A close friend.

00:59:36.740 He's a guy that, you know, I'd like to see pardoned.

00:59:39.940 President Trump.

00:59:40.860 Flawed guy.

00:59:42.180 Very well intended.

00:59:44.200 If he would just calm down by like 10%, his approval rating would go at 15%.

00:59:48.620 Okay, so my recommendation to the president is just calm down.

00:59:52.240 Relax.

00:59:53.580 Okay?

00:59:54.120 Relax.

00:59:54.740 You made it to the presidency.

00:59:56.560 Calm it down a little.

00:59:57.680 Be a little more strategic with the tweeting.

00:59:59.980 Use that sense of humor that you were famous for at the 21 Club and famous for on The Apprentice and famous for in places that you and I know that we used to hang out in.

01:00:10.620 Relax.

01:00:11.820 Okay?

01:00:12.180 And you're going to go up 15% on the approval rating.

01:00:15.620 But he's a well intended guy, and I want to see him do well.

01:00:18.200 Very cool.

01:00:18.920 Well, Valuetainers, you heard it from the one and only Anthony Scaramucci.

01:00:23.820 Brother.

01:00:24.300 Pleasure.

01:00:24.740 Really enjoyed having you on Valuetainment.

01:00:26.000 Truly.

01:00:26.500 Really enjoyed it.

01:00:27.100 Pleasure.

01:00:27.440 God bless.

01:00:27.620 Thank you.

01:00:28.280 Thanks, everybody, for listening.

01:00:29.540 And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.

01:00:34.140 Give us a five-star.

01:00:35.580 Write a review if you haven't already.

01:00:37.040 And if you have any questions for me that you may have, you can always find me on Snapchat, Instagram, Facebook, or YouTube.

01:00:42.940 Just search my name, Patrick David.

01:00:44.980 And I actually do respond back when you snap me or send me a message on Instagram.

01:00:49.980 With that being said, have a great day today.

01:00:51.720 Take care, everybody.

01:00:52.440 Bye-bye.

01:00:57.620 Bye-bye.

Valuetainment - March 12, 2019

Episode 279： Anthony Scaramucci’s Advice to Trump about Getting Re-elected in 2020

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